OBNK - Earnings call transcript Q2 2021

Due to licensing restrictions, you must log in to view earnings call transcripts.

Operator

Good day, and welcome to the Origin Bancorp, Inc.

Second Quarter Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference call over to Mr. Investor of Head Reigelman, Relations. Chris Mr. is Reigelman, sir. the floor yours,

Chris Reigelman

website, of for today. yesterday which statements harbor that use We morning on a and Please our we presentation, us to you thank our available during measures. is regarding release statements financial and Good will issued refer slide this slide joining earnings safe Slide of forward-looking X which includes with non-GAAP our to our along the copy presentation. presentation afternoon, refer press of

and For available the made by release safe earnings Page phone, today's during harbor note www.origin.bank. presentation those on please our Lance joining subject Banking our comments our Jim Drake earnings our and Officer, Officer, Steve this you and be in release. statements our I'm note Chief on Please filed presentation, happy and After call questions Crotwell; are joined Preston slide with President the slide harbor we'll CEO, of may by Origin address that safe President Risk at available presentation to the Chief Credit Officer, of Financial is statements the are our Chairman, Chief our any CEO to Bancorp's have. Origin SEC website Mills; and morning X All also yesterday. Moore. Brolly; Hall; Bank,

Drake. you, Now to the I'll over call turn

Drake Mills

and morning. Thanks, good Chris,

details into our our continues introduced I three we marks our first, has investment market the get quarter years over value. This drive of the shareholder during that We'll the a of to thesis as that to later, and company. performance reporting pleased am but roadshow period public

creation are maintain as IPO we a target long-term strategy. value Our goals from our on

to our reporting a the our maintaining This of strengthen expense at advantage great long-term balance short-term opportunities of example on growth. of quarter's as and sheet profile we results credit took objectives focus a is

on show continue half our double-digit leverage while improving we of positive since and created to strategic IPO. We move first we our forward. present that the we I'm as as results being experience growth focused value rate the which have continue have XXXX, included efficiency shareholders, compounded a focus annual couple our metrics. to for of we our proud credit trajectory the of slides positive Through operating and

the at the results for Looking quarter.

quarter diluted in earnings Our deposits had the into billion Jim million. with was experience. has year, what ended $XX.X the the accomplished and a the was loans these enhancing the $X.X for net numbers, Net we and $XX.X this expense of and We over provision million, performance $X.X and $XX.X about metrics of Steve billion. managed for but of have expenses and we invest billion, growing for Lance, customer total ratio per million in extremely Noninterest bank I'm interest at income share income will company $X.XX XX.X%. proud noninterest think with our quarter, continue I to $X.XX at second our dive $X.XX how while and $XX.X efficiency quarter release came income of million. was the assets was with million,

effects sense with in consistently are financial Certainly, liquidity are communicating strengthen. continued there pipelines the bankers to throughout economy Throughout system. our competitive footprint. built continues customers, about some levels excited and the COVID-XX of landscape, a of are markets, that Our the being with and seeing our our growing are the the optimism challenges I'm we as of

past built we've to over However, Origin is foundation expand the the years. positioned several well

you can X. see contributors within of our markets, the One our primary Slide long-term success our Texas has growth for been continued on as

adding by we've our this of taking seven of key talked deposits bankers In seven. dislocation and bank, across strategy teams the mortgage by of our XX% markets Our across past, bank. our continued of advantage we've markets. markets, excluding comprise And XXXX, adding the in Texas XX% and bankers now the dynamic our trend Texas loans about in warehouse, our in

focus capitalizing dislocation on on within markets continue As opportunities. we've further right and our the said, we to

turn to over Lance. Now it I'll

Lance Hall

Thanks, successful improving Drake. to an credit PPP up In profitable teams. growing building metrics. On success and were Slide our XX, production profile in QX, our long-term continuing loan on see we can set ourselves in relationships, for our update out you

XX% of in nearly on fees the company. XX. Slide earn. We've of and we forgiveness $X.X forgiven our we're way you'll process the point, process at have through over over of those XX% the On have using see left another XX, loans to still collected $XX loans technology We this at PPP in our fees with million June focused the PPP remain million within

experience. overview adoption an on to having enhance customers' post-COVID processes trends. banking technology rates we're conversations still fintech partners streamlining extremely be On Our you'll XX, continuing with Slide of customer And of continue see ongoing to add and positive. the deposit value and

deposits for an were $XXX the of the quarter million increase average Our of $X.X XXXX. quarter first billion, over

reduced and with you funding. brokered no the the the can ended our broker on deposits, quarter quarter, as we see During top left,

up loans total this from year-over-year. prior decline $X.X Our billion, the ended was quarter quarter which of shy just a but

client down been these million total growth quarter, X.X%. decline is to during that $XX warehouse chose selection. our balances investment approximately drivers loans second when on always and the it we Absent our reduced credit balances saw We've our And managing we to for Without loan focus million exit and factors, year-to-date to based QX comes quarter, our we two proactive of annualized PPP loan loan in risk. continued on portfolio, quarter-over-quarter. the as as QX. $XX compared were held in During those we expected,

as long-term set our in with relationships deals we in been outlook. have third We XXXX close proactive big timing quarter bankers our Our loan optimistic or closed in pipelines. the have Texas with optimistic mentioned, was quarter. be about in have about factor out we to to additions build are larger our future our footprint Drake of And growth. know believe the the well from you as the throughout second coming bankers building continue some loan portfolios growth as year. across past all as that high single-digit new calls, factors, a remain several to on those we continue markets as months growth rest will loan to to Based Also, drive the capacity their

metrics. credit I'll Now through to over quality to turn it go Jim our

Jim Crotwell

Thanks, Lance.

focus portfolio loan that We portfolio through of sound believe pandemic. portfolio the that are resiliency I extremely client a our our selection relationship with have. banking is well-diversified of the loan pleased and of we the in the direct on resulting result firmly our performance

X.XX% level of we reduction past net of X.XX% million in loans loans PPP in as charge-offs net of resulting stable the I quarter, quarter, levels am average of nonperforming PPP stable only our stable loans. of also investment of at net well loans loans $XX.X the with During as experienced loans of X.XX% annualized of due during total for of at pleased the loans. PPP loans X.XX% the quarter classified for and classified held levels

the that of balances client $XX criteria. As quarter, our million longer proactively credits no of a reduced total we selection fit outstanding and loan Lance mentioned, during

our $X X.XX% credit of and million and enhanced which of investment As loans. warehouse overall loan such, improving we economic $XX.X held represents metrics significantly forecasted our X.XX% quarter. and Based declined to million, feel conditions, that for loans credit on during portfolio by we mortgage for the net allowance strength losses PPP

and the labor to economic well pressures cases to COVID resiliency We as keeping of continue disruptions. impact I'll we close and over turn as the and a closely will performance recent inflationary on with chain our are Again, of continued portfolio. now pleased monitor forecasts, loan watch increases extremely Steve. it in supply

Steve Brolly

and and After yields for trending in quarter, more significant you can loans Thanks, PPP, without stabilized. held have quarters, our yields for Slide yield Jim. prior costs. loan declines our On both XX, investment, on this see information in with

saw of our an second mortgage points by the an weighted points. a decreased equivalent NIM, XX in quarterly and came for even total down on cash than a tax basis from at interest of driven deposits can XX more. on points, slightly XX, NIM quarterly fully average average income the X.XX% with our by the declines rate to total opportunity as basis QX basis X.XX%, net cost quarter we borrowings at lower With was see our CD contributor $XX.X our of in declined deposits book million, was balances. volumes. provides warehouse main right, four in anticipated you still deposits basis During bottom increase The lower Slide QX. of cost On of cost quarter, the in

and During deposit declines balances we reduced in brokered $XXX than million the second offset anticipated the to warehouse more PPP balances. quarter, mortgage of

and net growth, distribution. to continue fund a you the growth. job future can are bankers we positioned we XX, great revenue deposit do to well loan trend longer-term a believe core of our Slide with see Our

quarter In QX lower XXXX. historic mortgage job XXXX, has rates the a For QX we consistent model revenue When as noninterest than XXXX, the in the trend revenue of year our XXXX high $XX.X interest high. total community great you historically that declined for the protecting over quarter. look as mentioned banking early we earnings increase million net IPO, income seen or The at built our results mortgage since about dollars. we XXXX, earlier, XX% revenues done banking with we second recorded generated of longer-term have a of noninterest in

Moving XX. to Slide

noninterest and quarter advance ending prepayment the trends shows Loan capital, million, capital the Our Bank driver expense ratio $X.X expense was the total prior this were with prudent Federal of because $XX.X management. The a of decline down $X.X quarter penalty from XX.XX%. continued Slide of QX. XX from quarter for the with the our million strong from Home million

be to support loan capital Our strong growth. earnings and driver will future continue significant of a enhancement

it Now I'll Drake. back turn to

Drake Mills

a growth, growth. a strong had impressive our record trends, with and control, solid capital in core expense is income, position credit to deposit further pipeline, We support Steve. loan excellent good Thanks, improving net quarter a

strong We to for purposeful call capitalize for in now building I the opportunities. company and continue to you this and us put thank decisions a position time, open we'll on make in questions. to your strategic

Operator

the have will [Operator question Matt Stephens. Instructions] come Olney we from And first of

Matt Covington

these? I future? that And you of that profile to drove other could about that love that these And exit exited Would this was the ultimately to it the it think million credits more decision hear around be mentioned this the could exited fit there was are quarter. loans Lance, in bank what that credits. $XX

Lance Hall

Matt. Yes. Thanks,

last For and client selection. the around term really, used of quarters, this focused, Drake's we've us, in really couple

some factors And sources these so time. companies that. and in other deposit about and succession necessarily like credit for and us, balances around There's it's all not things secondary the repayment

for think So the purely of they I this a It company and made decision. the for future really credit us, benefit of this good particular capacity long-term wasn't operation us a we going. concerns about issue. short-term where was were And

Matt Covington

Okay. those on hear And then, on love it brought commentary, for and over more they're recently. Drake, production. spot loan based what producers, of your to their about kind what's like focused seven producers sweet markets Would you sounds

Drake Mills

the what's reach is that client best are for process a loan selection Yes. institution, to for talk and liquidity Matt, about on maybe for I that selection at because long-term to of we're the passing just we organization opportunities growth this client we I on second going volume, look from we and a some the think want see stay in the markets this for focused as the making and perspective. this industry

are death about with Texas -- tickled things to now So and right when think the going. you pipelines move, our where direction our we're are I'm

then the up for DFW, are one going that one out is three BofA, Capital good new picked them do things to of some in in from one a also are One name Houston. big-time Houston. Two come the is four from we So and of one really next And president market Wells, lenders, in Comerica. seven us. [Compass], That

about extremely excited they're they really C&I real real And think banking, pleased of estate. portfolios I've those. other in on some few have. But will of then I in these both focused the clients, I've and and their been estate private with Worth portfolios with couple some Dallas, over. we're So how quickly size met pleased just these owner-occupied last a week, with Fort and Houston. come the a both and

their last So deals I seeing what really engine in not two revenue closed and this in in we is direction closed from early month. that producers moving -- only our we're month, the pipelines. mean the

loan and We growth we have on positive and a single-digit growth, that target do from we're high believe about still overall feel for good that. growth that the perspective very to year

Our pipelines are outstanding right now.

Matt Covington

reserve ratio negative the on in XQ, but then saw still relatively we And credit is front, Perfect. provision Okay. the the expense high.

day one updated And I term? these still in few around you back well towards next What while? Or expense to be levels the provision we're levels. get above expect it could do quarters? think a day near are thoughts the one

Drake Mills

optimistic looking going you what about I'm certainly variant speak we're think at in and work little And to still this Delta the probably where -- that why Yes. feel get some this around Crotwell work and doing you're we're to to back a through because and levels. of them take that bit lot four a think feel what the the world and with let have, and COVID seeing and point? to of we're potentially Jim, one that what day of are we doing three But good Jim impact quarters we at don't to still

Jim Crotwell

reserve really dives based continued that. taking we'll really several economic forecast be the the into feel Drake. down to Yes, that see going over I close a you, quarters. with look walking deep that we're I the and Thank agree next upon

the of year pressures of the the And lot right And a of second Delta as if of the hope things, as year. the better But of I walk we move commensurate it have respects, out the now. some that these there, this will will the a in we build relates it idea you we how reserve, we're down half also, particularly the kind impact variant. of so as that through we uncertainty that to to will, will Hopefully, latter in we still evaluate to resurgence seeing -- part subside pandemic. inflationary as what is see

keeping things. a So we're close eye on

we're about we'll continue in calls, that good place do decline conservative I continued the a a I of and see our at anticipate have level previous in we think talked a in reserve very we point this from balance really sheet time, fortress in required to but some that reserves.

Operator

KBW. Gailey of Next, we have Brady

Brady Gailey

we which is We're you see mortgage kind seeing more you across second So are that in saw that normalize, about outlook fees everywhere. the new thinking start the million slippage? of normalized think Do we little But Or $X.X a is to no run there? a how surprise. could of quarter, rate?

Drake Mills

see third were we you're business. think the lot pipeline we origination pretax influencer pre-provision good a in Big pipeline the at with impact going in where saw when miss quarter had. really feel any zero for about see talk pretty a of when million fourth about from No. further obviously, I it million don't to you mortgage $XXX a the And look valuation. $XXX look when -- the slippage you -- there quarter. And quarter, overall the that we and We that and million, at talks is we $XXX the you had first sold. valuation originated where $XXX that of million stabilizing sold

$XXX a mark, good surprisingly, of pretty the with $XXX sales. mark of in million a valuation. continued had quarter, we that second negative and Well, million that to So pipeline origination

of the the was surprise the third or and at fueled million when that adjustment sale mark the and -- So look a But origination miss. somewhat pretax, $X certainly pre-provision almost we quarter, you see identical. pipeline

we to mark that going the not third So quarter. expect see of do into type

Brady Gailey

So first in million up at which if the is quarter. you're $X.X with mark $X you add of line back, kind back million, that

$X.X third against million assuming go level to no that quarter marks that there's million So could see we $X in the you?

Drake Mills

We could.

Brady Gailey

guys M&A, But recently, don't back looking what's then, on the strong the point? a saying, what's kind of But on growth we "Hey, really latest about organic M&A year I at right. how half pretty of is you're latest Drake, know up. you've need pipeline. downplayed thinking it." this the All I like And know M&A? the you have

Drake Mills

look Yes. And I still at this.

about what quarter, the group on of We them having having do certainly opportunity you we have we what organic profile, there, credits. I type be from sit all for we part these are And I that necessary. do are this are And a and want certainly, our say, we looking for we're to do think we'll conversations quarter?" and that do. we're an be can in best what the perspective, "Hey, of and with some an the that. to time a have growth. and growth and very people in to go in story. strengthen credit here let held else a opportunities -- out of the and conversations. be And conversations. a But and of remember partnership. happened couple report And is Obviously, growth some -- credits somebody could we It's that a some did fit to what can not Any these maintain we vital take going this M&A but second come And going are to good of those cultural part. we good we're But about sake

it's and makes tremendous amount and So it it's sense. of within -- footprint,

sit here conversations the anything fits. have and feel But we with are I in we not what couple So certainly, we're some very some to can quarters. and say, hey, report that going of things good nice good next going

Brady Gailey

is have realized. million The just about Great. left of benefit. luck to I fees know with you $X.X that. on the question Good last I have PPP be

XXXX? there? the year? back Now What how recaptured -- that half should we of be about does some think into of the will of those Or timing the most in slip

Steve Brolly

about have XXXX. and projections, that's we be probably change XX going in left. fourth of these on quarter, but December some to basis, million a most to at the third be our daily $XXX it may and there Brady, is going recaptured on will Based in be

the million, yes, least that I answer next -- then But in a probably forgiven, whenever And quarter. in XX% good your to would of fourth XX% and then see the quarter in they of next it that's be But XX% where $X quarter. that we XX%, today. say then get remaining maybe maybe forward. And so they'll question, at going

Operator

Piper The Brad next Milsaps will of from we come have question Sandler.

Brad Milsaps

yields. Drake, new loan I looks ask of to quite on you in saw quarter. stability It just wanted bit the like a guys

of are a loan just where there. you'd something get of mean going the you forward? you I on what Is NIM might that stabilize can turn of and that forward? wondering think kind yields that corner of the if kind from going kind want of to coming Just sense that think new kind

Drake Mills

Yes.

you with when the point yields, think about reduction loan of move I we at feel we to look stabilization can loan basis in yields good like NIM a forward feel that. contributed the very with and

nice a lot couple and liquidity opportunities work off had of lenders some kick of to here we've like feel relationships that out and of So we're to discussion put that of a out we're up. be in some to new of these next we markets, some able picked to this some going pull week to going

the So that hopefully, going feel some very I'm But report, and good at point, stabilization about stabilization. we least to And corner. a this at upside. see turning

Brad Milsaps

the then on And discussion. follow to just Great. mortgage Okay. up

wanted Just to ask Lance.

subject You crystal guys the kind Do the mortgage sort might of you of ball a of curious of the those customers you're Obviously, overall just have But say side of in what warehouse your new on business. trough picked of kind kind nearing market. in a warehouse. happens up what on balances? lot to think mortgage

Lance Hall

forecasting And to actually I that if the we're right. balances. met XX from we've you we business moment. the And No, said, back kind months XX one projecting day to actually at XX, you're million. over so, quarter gone of our group mean and think other at with of in last end million. clients Yes. will of balances. are think the or QX, And we're $XXX That we by drop end onboarding of then kind about QX, those $XXX maybe being still this end probably balances, the

Operator

Raymond And the come will William next Wallace from question we have of James.

William Wallace

questions get had are could think I but had I I said some glad question yield queue. was costs. didn't on the in. not answered. in follow-up going to stabilizing, I continue was had I this to just you the technical only I to you I difficulties deposit get one Steve but Sorry, lower believe mute. morning,

So net especially growth loan I assume you reaccelerating, that be second margin will it's interest fair is anticipate half. the up if in to assume,

Steve Brolly

will really have flat, cash. be be think But bit. they up pretty probably in we're cash -- XXX now, not -- and what go and a them there half. loans. little and we take I securities it We also put one right the going second is we Securities have we may in flat for have about, going we're about are to to out the XXX. the It's mean don't you right And forget, too And our we we're book them -- go stretch securities. the not into going to now put to we're seeing away far. is because going

mean But going come okay, down. be little could little to a will much more. little look there securities And I is down down based be it's loans bring yes, be will But think bearing the so a so at, pressure see and bit you be if I if a on XX deposits but there's a may pressure going pretty core, based going points stable CD coming more and on down I to are be Definitely, the you and they little probably securities. bit. cash. NIM, come only basis interest the core balances just to guess, will

William Wallace

think Okay. two heard All things. growth right. I And then because loan just I the you guidance clarify, will, different if

get So are is core core to the year Or be that I on basis, basis? out the the single half? a noise thinking you should you'll second full year a on for that guide, the in at single take high PPP high and what full be rating digits look anticipated run

Drake Mills

at at reestablish had and look growth went especially We percent the reignite 'XX XX-some-odd engine XQ you growth, when for the how you the at say growth doing year. we or actually the standpoint you when That's well, We single quarters. beginning of said momentum first at we was high 'XX. that's quarter. the positive of was are intact when -- engine. XQ look it the loan looked being And full that significant. back from those pretty And in loan It growth, versus and between

making to of we Also showed down look XX% that where it's quarter. low it's significant that so the running saw utilization, you to a growth. at utilization And growth significant XX%, we about that the our were at where lines utilization, generally when in added second in line XX%,

increase X.X% about added. in So lines

are going ramp-up to So have that start in seeing the a we originations. line growth loan utilization new on of we top from

So the are, about positive July that excited like where we're what the we had and continue quarter. that's looks very we're We've and so to in about pretty through a pipeline. already third expect why strong

William Wallace

Okay. Great.

Moving the line. a this Is for expense run rate good you guys? on to

Drake Mills

hold utilize that infrastructure. the lot experience have pretty that's expense lenders investment with so there comments. we seven growth flat me, this customer a to this X% is technology, the I be on new expense And that know these pretty adding people but internally I've putting profile. reduce management and for when suck that still in of And that in we're organization we're heard able pleased the excited was up we're into the to accomplish to to much you continue going cost think to the been year. a maintain able my markets if that out don't so a to the much doing be of in being can markets. And -- I to work around reason we're I to why

all but expense being are positive to around environment. do work some those we're So able flat the things, good

Operator

[Operator D.A. next Instructions] will from have of Fitzsimmons Davidson. The we question Kevin come

Kevin Fitzsimmons

Okay.

that even loans? Is trying or year single-digit that year the PPP for of guidance, that mid- of been loan on kind half that an the at to ex -- I'm loans And on is half backed the is to high for something to that to look does warehouse, what assuming given I've I'm ex does basis? Drake, down? growth So back out full get but it imply -- were guide that on back more? total just imply

Drake Mills

less projection growth mortgage PPP. That warehouse Yes. loan was for less us

in digit. not a give So -- we have growth to I'm single specific But that we're a third but see that's high the to portfolio. year. the to core going loan the I that said, higher being numbers, for quarter And like come than trying in, probably we're between going little single-digit

much the to take what you get pretty third to And and need quarter second, there. the calculate you so and fourth calculate can

Kevin Fitzsimmons

Okay. Great.

Drake Mills

[I didn't] answer question. your

Kevin Fitzsimmons

Yes. No, And you're me do making then... fine. math. That's

Drake Mills

Yes.

You all you I numbers. didn't everything. some give remember

Kevin Fitzsimmons

Right. right. That's

to and guess new that a point settled quarter market. were where the on On make I there's ago, trying scale you getting think -- deliver guys certain something focused Or hires, is while? you you that okay, very is is growth and in we want core parallel improved of has do a the I'm point more for kind a you bottom two getting our think a the it's opportunity to of question, that, that and really And profitability. -- we've to been I in now or what -- -- prior kind line believe year

little of bit spacing new obviously, a there's like so with out. things And that, and hires

little the Okay. one, for to we day come. while a have come to but The wait expenses revenues

all kind how wondering improved so And deliver of for of the goal that just balancing is in growth opportunities core I'm profitability. out to you those versus terms

Drake Mills

Yes. of couple things A here.

can hard end we reduce this we these and working on. But able really mentioned up the as put manage to cover marketplace, to going to take back way as and we're in and and portfolios they has disruption now. the built, certainly that this fit culture portfolios. -- of That's our seeing their advantage our company fit the the people as on people First are we're expense off, earlier, long to be as I

there. credit earlier, And I As a to profile. to and something last extremely liquidity is I that see we that weaker to I'm and talked improve, profile is the that mentioned quarter, we didn't of on that, credit want hold want as about that continue selection see fit market are I've out passing move while earlier, I about well up cycle deals, we the even concerned maybe important client our very and -- as us,

the can every with the their looking fit And culturally they that to that not see that of even quarter. but looking and we're people feel have at very teams. So about fit, we continuing, pick line up we're some good last model, are today one-offs we in we will portfolios these world in opportunity maybe was fit at seven, That seven we at this our level do. that these that

Kevin Fitzsimmons

client selection client? Drake, Was one all point, it's client. Was to relationships? on number loans one a of or just proactively one that And handful offloaded. add-on just it Just on the big that gauge whether guys trying a a get you that

Drake Mills

been was number and It clients a renew. deal. in in type client a when about piece deposits and business, got of we didn't One Kevin, million a to report of in look that either of those loans easy up No. things. have estate and that profile at But the model. was growth. our which just for It of a it those $XX different type time I handful. client to the would big handful sit couple succession a was here say, that fit issue, say, that, go hey, business of was selection to to of rates battle or made a us But real it was loan we and would of they And time

down think any environment in don't we'd basically stressed, had potentially would they a I that and have been on. have this opportunity. But loss. we keep Let's

us. here play. to is I the are value long-term said think decisions earlier, this a This as duration. is -- we're I we're those And -- for good for So going

Kevin Fitzsimmons

probably the Well, new you is other I them could think saw that I comfortable those enough felt fit offloading think clients better get. takeaway because you you -- that and

Drake Mills

Absolutely.

Operator

Matt we follow-up from And have next, of Olney Stephens. a

Matt Covington

included XX, are variable Slide those good some around loans how you and On much details floors. on rate of their currently

to I around four provide far we'll many it's as think billion. need fund Any levels? can to how as commentary $X.XX see you above those get increases Fed

Drake Mills

Yes.

there. basis increase where rate XX increase full prime On much consideration. the we side, LIBOR us loans, will puts pretty the the one enjoy at increase next us one pretty a much point And on to takes

Matt, well, rate rising a up enjoy set we're environment. to interest So

Matt Covington

tax the Okay. back then Steve, here, the And any for far year, as color half the of rate? rate as tax from on the

Steve Brolly

about is be that something enacted, we it have year-to-date. should Unless same the

Matt Covington

the retail I the then Good. back us much that far like versus fees as And Drake, you update production wholesale versus pretty as gotten to give percent within to discussion kind Any we the if was back there wholesale think on of around some going of Any the mortgage. down go purchased mix on as channels, Okay. refi? is production? production, is far And few how but can then color we've low a seems years a it kind of now what levels. ago, as --

Drake Mills

pretty originations. with XX interesting question because in a down our little XX mortgage that seen rates. even last refinance, X warehouse was -- see pull pickup refinance, Yes. was It's XX, go XX XX had back to in this origination And mortgage origination. we'll a in We've our because we group me first let the the part of last -- and which this split, quarter,

So very to refinance-origination. probably it XX-XX. going XX-XX similar it's be going I'm But that call to to

wholesale. about sells versus is we're agent working origination in in And that footprint us. XX%, an wholesale our our DFW about individual XX% so even the And that's that everything today, free to is -- a running

you now. if XXX% in throw origination we're almost that So our in, footprint

Operator

questions time. Well, sir, no further this at

session. Drake back Sir? over call like will would to for conference Mills Mr. I turn We now conclude to the remarks. closing today's any question-and-answer

Drake Mills

end my your I see have to the excited look calls. about you questions you I'm this this about and I of I've for to opportunities partner. And place pipeline work will one and that interest you a hearing company tell the we overall, the are. Thank your appreciate a and and close quality before on. and number, hope continue We'll Yes. possibly giving of never those Thank as us even of and in today and you two. we in better and time organization, our you, time I'm for the cell of insurance each as investment, company. interest far that every and the you. where of one, this as forward soon. your do have to our excited acquisitions from one a quality of look But year any this to forward and We couple in opportunity growth Each been just

Operator

Again, team you, thank to we call Thank you conference disconnect also, for and has and time. you At your now have And you may of everyone, the the your sir, to the rest lines. this concluded. management time, day. great a

Origin Bancorp (OBK) 31 Jul 212021 Q2 Earnings call transcript