Origin Bancorp, Inc. Announces Net Charge Offs for the Fourth Quarter Ended December 31, 2019
January 22, 2020 at 04:15 pm
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Origin Bancorp, Inc. announced net charge offs for the fourth quarter ended December 31, 2019. For the quarter, the company had net charge-offs of $2.8 million compared to net charge-offs of $3.0 million for the linked quarter.
Origin Bancorp, Inc. is a financial holding company. The Company provides a range of financial services and operates more than 60 locations in Dallas/Fort Worth, East Texas, Houston, North Louisiana and Mississippi. The Company is focused on delivering a range of relationship-driven financial services tailored to meet the needs of small and medium-sized businesses, municipalities and retail clients. It operates through one segment, which is community banking. The Company is primarily engaged in attracting deposits from individuals and businesses and using these deposits and borrowed funds to originate commercial, residential mortgage, construction and consumer loans. It originates loans secured by single and multi-family real estate, residential construction and commercial buildings. The Company's consumer loan portfolio is composed of secured and unsecured loans that it originates. Its commercial and industrial loans include working capital, inventory, equipment and capital expansion.
ORIGIN BANCORP, INC. 
