Origin Bancorp, Inc. (OBK) SEC Filings & Earnings Calls

Board departure could indicate governance issues, but no disagreements stated.

“No disagreements cited; resignation effective immediately.”

Potential reduced liquidity or investor visibility from moving to a smaller exchange; no financial impact quantified.

“Transfer to TXSE may affect trading volume and index inclusion; no specific risks quantified.”

Nonperforming Loans from Former Banker Incident

“As explained in detail in Part I, Note 11 — Commitments and Contingencies under Loss Contingencies, and as discussed in previous filings, our classified and nonperforming LHFI were negatively impacted beginning in the second quarter of 2024 as a result of certain questioned activity involving a former banker in our East Texas market.” · word for word

Swap Fee Income Decline

“Swap fee income decreased $1.4 million, or 97.8%, for the three months ended June 30, 2026, compared to the three months ended June 30, 2025, reflecting reduced demand for hedging solutions.”

Share repurchase activity may indicate limited organic investment opportunities

“Repurchased 217,034 shares at average price $46.60; $121.6M remaining under repurchase program”

Asset quality deterioration

“Nonperforming LHFI increased $6.1 million at March 31, 2026, compared to December 31, 2025, and nonperforming LHFI to LHFI increased to 1.11% compared to 1.06%.” · word for word

Fraud-related legal and consulting costs

“There was a $473,000 increase in legal and consultant expense related to the Tricolor Holdings, LLC fraud.” · word for word

Provision expense increase

“Total provision expense increased by $1.5 million, to $5.0 million for the three months ended March 31, 2026, from $3.4 million for the three months ended March 31, 2025.” · word for word

Interest income decline due to lower loan yields and fewer calendar days signals potential net interest margin pressure.

“Interest income on loans decreased $5.1 million due to lower yields and two fewer calendar days.”

Deposit cost remains elevated despite rate cuts; money market deposit rate declined only 22bps to 2.88%.

“Average interest rate paid on money market deposits declined 22 basis points to 2.88%.” · word for word

Credit quality deterioration from borrower fraud

“the Bank charged off certain loans as a result of the borrower fraud occurring with respect to Tricolor Holdings, LLC” · word for word

Elevated net charge-offs

“Net charge-offs to total average LHFI was 0.52% at December 31, 2025, reflecting a 34-basis-point, or 188.9%, increase compared to 0.18% at December 31, 2024.” · word for word

Concentration in commercial real estate loans

Interest rate sensitivity

Interest rate sensitivity

“future increases in interest rates may, among other things, reduce the demand for loans and our ability to originate loans and decrease loan repayment rates.” · word for word

CRE credit risk

“These loans typically involve repayment dependent upon income generated, or expected to be generated, by the property securing the loan in amounts sufficient to cover operating expenses and debt service, which may be adversely affected by changes in the economy or local market conditions.” · word for word

Geographic concentration

“At December 31, 2025, 64.7% of our total real estate loans (by dollar amount), excluding mortgage warehouse lines of credit, were made to borrowers who reside or conduct business in Texas” · word for word

Deposit sale of $215M on Dec 31 repurchased Jan 2; may indicate balance sheet management or liquidity optimization.

“We sold $215.0 million of interest-bearing deposits on December 31, 2025, which were immediately repurchased on January 2, 2026.” · word for word

Credit quality deterioration

“Provision for credit losses $36,820 thousand for Q3 2025 vs $4,603 thousand for Q3 2024.”

Commercial real estate concentration

“the credit risk associated with the substantial amount of commercial real estate, construction and land development, and commercial loans in our loan portfolio” · word for word