Origin Bancorp, Inc. OBNK Income Statement

Origin bancorp, inc. (OBNK)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17
Interest and dividend income
Interest and fees on loans
50,049	52,331	53,932	51,461	49,175	47,819	43,872	40,219	37,474	36,923	36,185	33,782	31,968
Investment securities-taxable
2,712	2,640	2,786	3,208	3,341	3,292	2,754	2,057	1,740	1,619	1,536	1,630	1,448
Investment securities-nontaxable
758	772	826	871	858	996	1,129	1,156	1,184	1,187	1,187	1,192	1,200
Interest and dividend income on assets held in other financial institutions
1,497	976	1,262	1,523	1,120	951	1,087	1,320	1,046	679	706	689	662
Federal funds sold
-	-	-	-	-	-	-	-	-	-	0	-	-
Total interest and dividend income
55,016	56,719	58,806	57,063	54,494	53,058	48,842	44,752	41,444	40,408	39,614	37,293	35,278
Interest expense
Interest-bearing deposits
10,250	11,056	11,623	11,540	10,497	8,980	7,891	6,820	5,980	5,447	4,995	4,636	4,236
FHLB advances and other borrowings
1,351	1,428	2,420	2,415	1,834	1,878	1,314	624	604	605	612	604	605
Subordinated debentures
605	140	141	139	137	139	140	138	136	138	139	136	135
Total interest expense
12,206	12,624	14,184	14,094	12,468	10,997	9,345	7,582	6,720	6,190	5,746	5,376	4,976
Net interest income
42,810	44,095	44,622	42,969	42,026	42,061	39,497	37,170	34,724	34,218	33,868	31,917	30,302
Provision for Loan, Lease, and Other Losses
18,500	2,414	4,201	1,985	1,000	1,685	504	311	-1,500	233	3,300	1,953	2,814
Net interest income after provision for credit losses
24,279	41,718	40,421	40,984	41,021	40,338	38,993	36,859	36,248	33,976	30,541	29,964	27,488
Noninterest income
Mortgage banking revenue
2,769	3,359	3,092	3,252	2,606	2,288	2,621	2,317	2,394	3,106	3,895	4,713	4,092
Debt Securities, Realized Gain (Loss)
54	-	20	-	0	-	0	-	-	-	-	-	-
(Loss) on sales and disposals of other assets, net
-25	-38	-132	-166	3	-23	-207	121	-61	-336	-44	1,545	-129
Limited partnership investment (loss) income
-429	-	279	-	400	-	-552	-	-	-	-	-	-
Swap fee income
676	-	1,351	-	511	-	518	-	-	-	-	-	-
Change in fair value of equity investments
-	-	0	-	-	-	0	-	-	-	-	-	-
Other fee income
466	440	414	360	276	592	364	403	452	416	574	507	679
Insurance commission and fee income
-	-	-	-	-	-	-	-	2,107	-	-	1,821	1,924
Loss on non-mortgage loans held for sale, net
-	-	-	-	-	-	-	-	-	-	-5,409	-7,299	-
Other income
1,626	1,136	1,033	1,259	982	-1,852	953	2,791	1,894	250	1,063	1,136	787
Total noninterest income
12,144	10,818	12,880	11,176	11,604	10,588	10,237	10,615	9,800	8,715	5,041	5,306	10,125
Noninterest expense
Salaries and employee benefits
21,988	22,074	21,523	22,764	22,613	21,333	21,054	19,859	18,241	18,215	18,342	17,718	16,587
Occupancy and equipment, net
4,221	4,241	4,274	4,200	4,044	3,830	4,169	3,793	3,653	3,999	4,046	3,926	3,944
Data processing
2,003	1,801	1,763	1,810	1,587	1,839	1,523	1,347	1,473	1,425	1,259	1,252	1,273
Electronic banking
900	936	924	892	689	699	761	680	743	558	235	624	639
Communications
477	454	411	647	586	513	490	510	515	493	469	533	433
Advertising and marketing
711	991	930	1,089	798	1,351	1,245	1,022	657	1,065	651	618	589
Professional services
1,171	878	956	839	904	1,024	982	598	665	1,167	1,364	1,582	609
Regulatory assessments
615	679	-387	691	711	666	411	660	720	739	748	699	681
Loan related expenses
1,142	1,400	1,315	790	669	810	718	798	713	1,459	993	1,182	785
Office and operations
1,441	1,632	1,712	1,849	1,481	1,516	1,499	1,588	1,278	1,393	1,330	1,499	1,276
Litigation settlement
-	-	-	-	-	-	-	-	-	-	10,000	-	-
Intangible asset amortization
299	-	302	-	364	-	371	-	-	-	-	-	-
Franchise tax expense
496	-	683	-	489	-	352	-	-	-	-	-	-
Other expenses
633	-195	658	1,524	446	-281	769	1,157	1,199	-787	1,006	1,041	970
Total noninterest expense
36,097	36,534	35,064	37,095	35,381	35,023	34,344	32,012	29,857	31,771	40,443	30,674	27,786
Income before income tax (benefit) expense
326	16,002	18,237	15,065	17,244	15,903	14,886	15,462	16,191	10,920	-4,861	4,596	9,827
Income Tax Expense (Benefit)
-427	3,175	3,620	2,782	3,089	2,725	2,568	2,760	2,784	5,148	-2,688	773	2,580
Net Income (Loss) Attributable to Parent
753	12,827	14,617	12,283	14,155	13,178	12,318	12,702	13,407	5,772	-2,173	3,823	7,247
Preferred Stock Dividends, Income Statement Impact
-	-	0	0	-	0	0	808	1,115	1,145	1,086	1,115	1,115
Net income allocated to participating stockholders
-	-	0	0	-	382	54	40	553	-24	32	102	267
Net income available to common stockholders
-	-	14,617	12,283	-	12,796	12,264	11,854	11,739	4,651	-3,291	2,606	5,865
Basic earnings per common share ($ per share)
0.03	0.56	0.62	0.52	0.60	0.55	0.52	0.54	0.60	0.25	-0.17	0.13	0.30
Diluted earnings per common share ($ per share)
0.03	0.54	0.62	0.52	0.60	0.55	0.52	0.53	0.60	0.24	-0.17	0.13	0.30
Service charges and fees
Revenue from contracts with customers
3,320	3,488	3,620	3,435	3,316	3,349	3,234	3,157	3,014	3,032	2,919	2,883	2,772
Insurance commission and fee income
Revenue from contracts with customers
3,687	2,428	3,203	3,036	3,510	-	3,306	1,826	-	-	2,043	-	-