Origin Bancorp (Origin Bancorp) Credit Losses Provision : $13.6 Mil (As of Mar. 2024)

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What is Origin Bancorp Credit Losses Provision?

Origin Bancorp's credit losses provision for the three months ended in Mar. 2024 was $3.0 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was $13.6 Mil.

Origin Bancorp's quarterly credit losses provision declined from Sep. 2023 ($3.5 Mil) to Dec. 2023 ($2.7 Mil) but then increased from Dec. 2023 ($2.7 Mil) to Mar. 2024 ($3.0 Mil).

Origin Bancorp's annual credit losses provision increased from Dec. 2021 ($-10.8 Mil) to Dec. 2022 ($24.7 Mil) but then declined from Dec. 2022 ($24.7 Mil) to Dec. 2023 ($16.8 Mil).

Origin Bancorp Credit Losses Provision Historical Data

The historical data trend for Origin Bancorp's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Origin Bancorp Credit Losses Provision Chart

Origin Bancorp Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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9.57

59.90

-10.77

24.69

16.75

Origin Bancorp Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															6.20	4.31	3.52	2.74	3.01

Origin Bancorp Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $13.6 Mil.

Origin Bancorp (Origin Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Origin Bancorp Inc (NYSE:OBK) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

500 South Service Road East, Ruston, LA, USA, 71270

Website

https://www.origin.bank

Origin Bancorp Inc is a financial holding company. The bank provides a broad range of financial services to businesses, municipalities, high-net-worth individuals, and retail clients. The bank principally operates in one business segment, community banking. The bank is engaged in attracting deposits from individuals and businesses and using these deposits and borrowed funds to originate commercial, residential mortgage, construction, and consumer loans. The bank generates the majority of its revenue from interest earned on loans and investments, service charges, and fees on deposit accounts.

Executives

Jay Dyer	director	1511 NORTH TRENTON STREET, RUSTON LA 71270
Preston Moore	officer: Chief Credit & Banking Officer	4 SHADY GROVE LANE, HOUSTON TX 77024
Jim Crotwell	officer: Chief Risk Officer	500 SOUTH SERVICE ROAD EAST, RUSTON LA 71270
Michael Aubrey Jones	director	500 SOUTH SERVICE ROAD EAST, RUSTON LA 71270
Wallace Willliam J Iv	officer: Chief Financial Officer	500 SOUTH SERVICE ROAD EAST, RUSTON LA 71270
Derek Mcgee	officer: Chief Legal Counsel	500 SOUTH BANCORP, INC., RUSTON LA 71270
Drake Mills	director, officer: Chairman, President and CEO	500 SOUTH SERVICE ROAD EAST, RUSTON LA 71270
Gary E. Luffey	director	500 SOUTH SERVICE ROAD EAST, RUSTON LA 71270
Steven Lewis Taylor	director	500 SOUTH SERVICE ROAD EAST, RUSTON LA 71270
Davison James E. Jr.	director	500 SOUTH SERVICE ROAD EAST, RUSTON LA 71270
Lori Sirman	director	1511 NORTH TRENTON STREET, RUSTON LA 71270
Daniel Chu	director	5100 N. O'CONNOR BLVD., 6TH FLOOR, IRVING TX 75039
Meryl Kennedy Farr	director	500 SOUTH SERVICE ROAD EAST, RUSTON LA 71270
Andrea La'verne Edney	director	500 SOUTH SERVICE ROAD EAST, RUSTON LA 71270
Fred Ronnie Myrick	director, officer: Chief Banking Officer	500 SOUTH SERVICE ROAD EAST, RUSTON LA 71270