secwatch.observer — SEC 8-K summary
======================================

Issuer:     Origin Bancorp, Inc. (OBK)
CIK:        0001516912
Form:       8-K
Filed at:   2025-02-24T23:59:59+00:00
Accession:  0001516912-25-000043
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1516912/000151691225000043/0001516912-25-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1516912/000151691225000043/obnk-20250221.htm
  HTML page:      https://secwatch.observer/filing/0001516912-25-000043

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer