Origin Bancorp, Inc.

our website at www.origin.bank. Please also note that our Safe Harbor statements are available on page seven of our earnings release 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, President and CEO of Origin Bank, Lance Hall, Chief Accounting Officer Steve Brawley, our Chief Risk Officer Jim Crotwell, our Chief Financial Officer Wally Wallace, and our Chief Credit and Banking Officer Preston Moore. After the presentation, we'll be happy to address any questions you may have. The call is now yours, Drake.

Thank you, Chris. Good morning. This is an exciting and significant quarter for Origin. as we completed the merger with BT Holdings on August 1st and the full system conversion at the beginning of October. When we publicly announced the partnership, I talked about BTH being a unicorn, that this is a cultural fit, a geographical fit, and a financial fit for both companies. I am proud of the origin of BTH employees who made this process go so smoothly. The fact that this deal was announced in late February, received regulatory approval in June, close in August and finalize a system conversion in early October with flawless execution is a testament to the quality of our people, the strength of our relationships with the communities we serve, and the ability of our company to capitalize on the right opportunities. In our investor presentation, we provided an update to financial metrics that resulted from the close of the BTH acquisition. Since our announcement in February, the right environment has changed materially. leading to changes in our estimated purchase accounting fair value marks. While these purely accounting adjustments resulted in changes to our tangible book value dilution and EPS accretion, the bottom line is that the right environment has improved the fundamental performance of both Origin and BTH, lowering the estimated tangible book value earn-back period to 1.6 years. With the completion of the merger with BTH, Origin has enhanced its I-20 quarter presence with significant opportunities to grow market share in the deposit and loan-rich East Texas footprint while adding impressive scale to our Dallas-Fort Worth markets. Culture can often get overlooked in our industry, particularly with partnerships. This past quarter, I was in each of our markets across Texas, Louisiana, and Mississippi for our annual culture celebrations. There is a buzz around our company and a deep commitment to our culture of serving our customers, communities, and shareholders that is stronger than I've seen in my 39 years of being with this company. I am optimistic and excited about where we are and what we will accomplish. Lance, Steve, and Jim will get into the details of the quarter later in the presentation. As I look at the performance for the quarter and remove all the noise, our core profitability continues to strengthen and is in line with our long-term strategic goals. I am particularly pleased with our adjusted ROA of 1.34% and adjusted ROA of 13.14%. With the addition of BTH, we showed impressive loan growth again this quarter with 14% annualized growth while applying strict underwriting standards to our process and continue to show improvement in our net interest margin, which was up approximately 40 basis points for the second quarter in a row. We remain focused on building long-term value for this company and took major steps this quarter to put us in a position of strength as we move forward. I'm proud of our growth. I'm proud of our employees. for all they do to make us successful, and I'm proud of the discipline we apply to managing our business with a strategic focus and commitment toward doing what we say we will do. Now, I'll turn it over to Lance.

Thanks, Drake. We have a lot to be proud of as a company, and as I analyze the fundamentals of our production, I'm very pleased with the performance of our bankers across Texas, Louisiana, and Mississippi. I talk often about our strategy and our relationship-based approach to attracting and retaining clients. I feel strongly that we are executing on this strategy and are capitalizing on opportunities in all of our markets, particularly Dallas, Fort Worth, Houston, and now East Texas. Organic loan growth for the quarter was very strong. Adjusting for BTH and excluding mortgage warehouse, loans grew $215.3 million, or 3.5% compared to the linked quarter. This equates to a 14% annualized growth rate ahead of our low double digit target. On slide 11, you can see the impressive 16.9% compounded annual loan growth we have shown since our IPO in 2018. As Drake mentioned, we're extremely excited about the partnership with BTH and the opportunities it presents in Dallas, Fort Worth, and East Texas. Origin and BTH have a shared vision for what we can accomplish. Like Origin, they have built and strengthened profitable core relationships. Their focus on C&I and owner-occupied commercial real estate have been impressive, and we believe we will be able to bolster those relationships through our suite of treasury management products and services, our larger balance sheet, and our targeted marketing efforts. Our bankers remain focused on driving deposits within our markets, and I'm proud of how they delivered, particularly with non-interest-bearing deposits. In the third quarter, in adjusting for BTH, we showed an increase of non-interest-bearing deposits of $91.2 million, or 3.5%, which is 14% annualized. Total deposits declined for the quarter, however. This decline was due in large part to one customer moving significant dollars based on a business transaction, and our strategic decision to allow some non-core funding to leave the bank. With an 83% loan-to-deposit ratio excluding mortgage warehouse, Origin is well-positioned to fund continued loan growth. We know deposit betas are top of mind, but I think it's important to point out that deposit betas aren't the only piece of the puzzle as it relates to net interest margin. We are pleased with how our deposit and loan pricing has been trending. As of the third quarter, our cumulative total deposit beta was 16%, and our cumulative NIM beta was 40%. We looked back at prior tightening cycles with our deposit beta range from 27 to 37% and our NIM beta range from 22 to 30%. Where we stand today, we believe Origin's well positioned based on this historic analysis. Steve will provide more detail on our NIM later in the presentation. Before I turn it over to Jim to talk about our impressive credit metrics, I want to brag on our bankers. As Drake mentioned, we completed the system conversion with BTH at the beginning of October And our employees did an incredible job throughout that entire process. We were always focused on the client experience, and our teams executed in a dynamic way. I'm so proud of where we are in 2022. Our loan growth is up. Our focus on NIBs remains strong. Our treasury management team continues to be a differentiator. The integration with BTH and how our teams rose to that challenge was remarkable, and our culture has never been stronger. Now, I'll turn it over to Jim.