Origin Bancorp reports material weakness in internal controls over manual deposit transfers

Origin Bancorp, Inc.

Material weakness identified in controls over employees' ability to initiate manual transfers between deposit accounts; will amend 2023 10-K and Q1-Q3 2024 reports.
Management and auditor Forvis Mazars concluded internal controls over financial reporting were not effective as of Dec 31, 2023, and through Sep 30, 2024.
Management believes the weakness did not affect previously issued consolidated financial statements; no restatement expected.
Remediation controls implemented and being tested; effectiveness for Dec 31, 2024 will be reported in upcoming 10-K.

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