Slide 1: 2Q21 Investor Presentation
ORIGIN BANCORP, INC. _______ 2Q TWENTY21 INVESTOR PRESENTATION ORIGIN BANCORP, INC.
Slide 2: Forward-looking statements
ORIGIN BANCORP, INC. _______ This presentation contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information regarding Origin Bancorp, Inc.'s ("Origin" or the "Company") future financial performa
Slide 3: Origin Company Snapshot
ORIGIN BANCORP, INC. _______ 9 10 19 6 TEXAS Entry: DFW 2008 | Houston 2013 Loans: $2,555 Deposits: $2,906 LOUISIANA Entry: 1912 Loans: $1,380 Deposits: $2,637 DOLLARS IN MILLIONS, UNAUDITED (1) (2) 3 ORIGIN COMPANY SNAPSHOT • Origin Bancorp, Inc., the holding company for Origin Bank, is headquarter
Slide 4: A Unique & Defined Culture
ORIGIN BANCORP, INC. _______ 4 A UNIQUE & DEFINED CULTURE
Slide 5: Balance Sheet and Income Statement
ORIGIN BANCORP, INC. _______ Balance Sheet 2Q21 1Q21 2Q20 Linked Qtr $ Δ Linked Qtr % Δ YoY $ Δ YoY % Δ Total Loans Held for Investment ("LHFI") $ 5,396,306 $ 5,849,760 $ 5,312,194 $ (453,454) (7.8) % $ 84,112 1.6 % Total Assets 7,268,068 7,563,175 6,643,909 (295,107) (3.9) 624,159 9.4 Total Deposit
Slide 6: Income Statement 1H 2021
ORIGIN BANCORP, INC. _______ Income Statement 1H 2021 1H 2020 YoY $ Δ YoY % Δ Net Interest Income $ 109,531 $ 89,100 $ 20,431 22.9 % Provision for Credit Losses (4,197) 39,934 (44,131) (110.5) Noninterest Income 29,569 31,220 (1,651) (5.3) Noninterest Expense 77,268 74,317 2,951 4.0 Net Income 53,24
Slide 7: Trending Key Measures
ORIGIN BANCORP, INC. _______ TRENDING KEY MEASURES 44,524 52,649 57,502 68,668 1Q 18 2Q 18 3Q 18 4Q 18 1Q 19 2Q 19 3Q 19 4Q 19 1Q 20 2Q 20 3Q 20 4Q 20 1Q 21 2Q 21 Total Revenues ($) UNAUDITED Diluted EPS ($)Net Income ($) Total LHFI ($) Total Deposits ($) 0.60 0.55 0.62 0.56 1.17 1Q 18 2Q 18 3Q 18 4
Slide 8: Trending Key Measures Continued
ORIGIN BANCORP, INC. _______ TRENDING KEY MEASURES CONTINUED Pre-Tax Pre-Provision Earnings ($)(1) Efficiency Ratio (%) 67.06 66.52 60.98 56.41 56.69 1Q 18 2Q 18 3Q 18 4Q 18 1Q 19 2Q 19 3Q 19 4Q 19 1Q 20 2Q 20 3Q 20 4Q 20 1Q 21 2Q 21 UNAUDITED 14,667 17,626 22,438 29,934 1Q 18 2Q 18 3Q 18 4Q 18 1Q 1
Slide 9: Texas Growth Story
ORIGIN BANCORP, INC. _______ 9 1,311 1,741 1,956 2,562 2,555 884 1,067 1,127 1,553 1,524 427 674 829 1,009 1,031 DFW Houston 2017 2018 2019 2020 2Q21 Deposit Trends by Texas Market ($) (2) Loan Trends by Texas Market ($) (1) TEXAS GROWTH STORY Texas Franchise Highlights DOLLARS IN MILLIONS, UNAUDITE
Slide 10: Supporting Our Customers - PPP Loans
ORIGIN BANCORP, INC. _______ 10 SUPPORTING OUR CUSTOMERS - PPP LOANS DOLLARS IN THOUSANDS, UNAUDITED PPP Highlights ISOC ISOC ISOC ISOC ISOC Originations Forgiveness Fees Original Loan Amount Total $ Total # Percent of PPP $ Applied for or Forgiven at 6/30/2021 % Percent of PPP $ Forgiven at 6/30/20
Slide 11: Supporting Our Customers - Leveraging Technology
ORIGIN BANCORP, INC. _______ 11 MOBILE FEATURE ADOPTION RATES(1) SUPPORTING OUR CUSTOMERS - LEVERAGING TECHNOLOGY ZELLE® USERS 48.7% GROWTH ZELLE® TRANSFERS 67.8% GROWTH 32.0% TRANSFER ADOPTION % ORIGIN BANK 28.5% INDUSTRY BENCHMARK 23.9% DEPOSIT ADOPTION % ORIGIN BANK 17.7% INDUSTRY BENCHMARK 7.4%
Slide 12: Deposit Trends
ORIGIN BANCORP, INC. _______ 12 4,964 5,376 5,884 1,579 1,634 1,686 1,701 1,838 2,410 2,704 2,869 3,076 3,547 224 307 651 437 227 752 731 678 656 632 5,870 6,244 Noninterest-bearing Interest-bearing Brokered Time Deposits 2Q20 3Q20 4Q20 1Q21 2Q21 Average Deposits ($) DEPOSIT TRENDS 1.75 1.50 1.20 0.
Slide 13: Well Diversified Loan Portfolio
ORIGIN BANCORP, INC. _______ Owner Occupied Construction/Land/Land Development ("C&D"): 2% Owner Occupied Commercial Real Estate ("CRE"): 9% Retail Shopping: 5% Real Estate & Construction: 5%Healthcare: 5% Office Building: 5% Multi-family: 2% Hotel: 1% Restaurant: 1% Misc: 3% Mtg. Warehouse: 18% Rea
Slide 14: Credit Quality
ORIGIN BANCORP, INC. _______ 2.00 2.00 2.10 1.81 1.66 Classified Loans / Total Loans excl. PPP Loans (%) Net Charge-Offs / Average LHFI excl. PPP Loans (annualized) (%) 2Q20 3Q20 4Q20 1Q21 2Q21 0.58 0.15 0.14 0.23 0.23 0.63 0.60 0.50 0.63 0.610.50 0.58 0.50 0.50 0.61 Nonperforming LHFI / LHFI excl.
Slide 15: Yields, Costs and LHFI Profile
ORIGIN BANCORP, INC. _______ 15 LHFI: Fixed \ Variable (by Index) at 6/30/2021 • The yield on LHFI slightly decreased during 2Q21 primarily due to continued declines in benchmark interest rates. • The cost of interest bearing deposits declined six basis points, and the cost of total deposits and bor
Slide 16: Net Interest Income and NIM Trends
ORIGIN BANCORP, INC. _______ 16 DOLLARS IN THOUSANDS, UNAUDITED 46,290 50,617 51,819 55,239 54,292 43,238 47,187 48,542 49,101 48,7393,052 3,430 3,277 6,138 5,553 3.09 3.18 3.07 3.22 3.123.15 3.28 3.17 3.15 3.06 Net Interest Income excl. PPP ($) PPP Net Interest Income ($) NIM (FTE) (%) NIM (FTE) ex
Slide 17: Net Revenue Distribution
ORIGIN BANCORP, INC. _______ 9,800 10,615 10,237 10,588 11,604 11,176 12,880 10,818 12,144 19,076 18,051 15,381 17,131 12,438 Service Charges & Fees Mortgage Banking Revenue Insurance Commission & Fee Income Swap Fee Income Other 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21
Slide 18: Noninterest Expense
ORIGIN BANCORP, INC. _______ 38,220 38,734 38,884 39,436 37,832 24,045 22,597 22,475 22,325 22,354 4,267 4,263 4,271 4,339 4,349 2,075 2,065 2,178 2,173 2,313 1,344 1,367 1,472 1,454 1,498 1,509 1,809 1,856 1,705 2,154 4,980 6,633 6,632 7,440 5,164 Salaries and Employee Benefits Occupancy and Equipm
Slide 19: Capital
ORIGIN BANCORP, INC. _______ 8.8 8.8 9.0 9.0 9.29.1 9.2 8.6 8.7 8.9 Bank Level Company Level 2Q20 3Q20 4Q20 1Q21 2Q21 10.1 9.6 10.5 10.7 11.6 10.5 10.1 10.1 10.3 11.2 Bank Level Company Level 2Q20 3Q20 4Q20 1Q21 2Q21 19 CAPITAL Bank Level Company Level Sub-debt Impact 12.5 12.0 12.9 13.1 13.9 12.9 1
Slide 20: Calculation of Core Deposits and PTPP Earnings
ORIGIN BANCORP, INC. _______ Calculation of Core Deposits: 2Q21 1Q21 4Q20 3Q20 2Q20 1Q20 4Q19 Total Deposits $ 6,028,352 $ 6,346,194 $ 5,751,315 $ 5,935,925 $ 5,372,222 $ 4,556,246 $ 4,228,612 Less: Brokered Deposits — 571,673 431,180 835,902 490,881 435,138 152,556 Less: Time Deposits > $250K 264,5
Slide 21: Calculation of Tangible Book Value per Common Share
ORIGIN BANCORP, INC. _______ Calculation of Tangible Book Value per Common Share: 2Q21 1Q21 4Q20 3Q20 2Q20 Total Common Stockholders' Equity $ 688,235 $ 656,355 $ 647,150 $ 627,637 $ 614,781 Less: Goodwill and Other Intangible Assets, net 30,024 30,246 30,480 30,717 30,953 Tangible Common Equity $ 6
Slide 22: Reconciliation of Non-GAAP Financial Measures
ORIGIN BANCORP, INC. _______ 2Q21 1Q21 1Q20 Calculation of PTPP Earnings: Net Income $ 27,733 $ 25,513 $ 4,957 Plus: provision for credit losses (5,609) 1,412 21,403 Plus: income tax expense 6,774 6,009 786 PTPP Earnings $ 28,898 $ 32,934 $ 27,146 Calculation of PTPP ROAA and PTPP ROAE: PTPP Earning
Slide 23: Reconciliation of Non-GAAP Measures 1H 2021
ORIGIN BANCORP, INC. _______ Six Months Ended June 30, 2021 June 30, 2020 Calculation of PTPP Earnings: Net Income $ 53,246 $ 5,710 Plus: provision for credit losses (4,197) 39,934 Plus: income tax expense 12,783 359 PTPP Earnings $ 61,832 $ 46,003 Calculation of PTPP ROAA and PTPP ROAE: PTPP Earnin