Origin Bancorp, Inc.

Good morning, everyone, and welcome to the Origin Bank Corp Inc's fourth quarter 2021 earnings conference call. All participants will be in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. Please also note today's event is being recorded. At this time, I'd like to turn the conference call over to Chris Riggleman. head of investor relations. Sir, please go ahead.

Good morning, and thank you for joining us today. We issued our earnings press release yesterday afternoon, a copy of which is available on our website, along with a slide presentation that we will refer to during this presentation. Please refer to slide two of our slide presentation, which includes our safe harbor statements regarding forward-looking statements and the use of non-GAAP financial measures. For those of you joining by phone, please note the slide presentation is available on our website at www.origin.bank. Please also note our Safe Harbor statements are available on page six of our earnings press release that we filed with the SEC yesterday. All comments made during today's call are subject to the Safe Harbor statements in our slide presentation and earnings release. I'm joined this morning by Origin Bancorp's Chairman, President, and CEO, Drake Mills, Chief Financial Officer, Steve Brawley, President and CEO of Origin Bank, Lance Hall, our Chief Risk Officer, Jim Crockwell, and our Chief Credit and Banking Officer, Preston Moore. After the presentation, we'll be happy to address any questions you may have. Now I'll turn the call over to you, Drake.

Thank you, Chris, and good morning. Looking back on the past quarter and the full year, I am pleased with our results and what we have accomplished as a company. Moving into 2022, we are deliberate and purposeful in how we execute through our planning process that is focused on creating sustainable long-term value. Our success places us in a position of strength as we take advantage of positive operating leverage. You can see that we had an impressive fourth quarter and a full year 2021. We ended December with $7.9 billion in total assets, $5.2 billion in loans, and $6.6 billion in deposits. Lance will provide more detail regarding our loan deposit growth, but I want to steal a little thunder of his and mention that we showed 5.7% growth in loans, excluding PPP and mortgage warehouse quarter over quarter, which is 23% annualized. As it began 2021, we felt confident in our ability to deliver high single digit loan growth. And that's exactly what our bank has delivered. Again, backing out PPP and mortgage warehouse, we saw an increase of $404 million or 9.9% year over year. I'll save the deposit growth for Lance, but I'm pleased with how our bankers continue to deliver strong growth through core organic relationships. Looking at our income statement, I'm proud of our results for the quarter and the year. We finished the quarter with record net income of $28.3 million, or $1.20 diluted earnings per share. Our net interest margin was 3.06% on a tax-equivalent basis, and our efficiency ratio was 56.92%. For the full year, we had record net income of $108.5 million or $4.60 diluted earnings per share. Our pre-tax, pre-provision earnings was $122 million for 2021, up 17% year over year. Our efficiency ratio improved in 2021, even with slight increases in non-interest expense, which Steve will go through later in the presentation. A primary strategy that continues to be front and center for our management team is the efficiency of this company. As we focus on expense management, we will always be mindful of the investments in people and infrastructure that produce stronger revenue streams. This has been evident in our investment in the Texas market, which you can see on slide nine. Our Texas bankers grew loans $373 million and grew deposits $558 million in 2021. When you look at the last five years, we've grown loans and deposits at a compound annual growth rate of over 21% and 28% respectively. We have had incredible success in DFW Houston with the way our teams produce. This applies to our legacy bankers, as well as our lift out teams. We will continue to leverage our infrastructure and aggressively pursue the most talented bankers in our market. Now turn it over to Lance.