Origin Bancorp announced on September 10, 2025, that Tricolor Holdings, a customer of the bank, filed for Chapter 7 bankruptcy. This development has a direct impact on Origin Bancorp's loan portfolio.
As a result of Tricolor Holdings' bankruptcy filing, Origin Bancorp was compelled to place approximately $30.1 million in loans on non-accrual status. This action reflects the immediate financial implications of the customer's insolvency.
The placement of a substantial amount of loans on non-accrual status indicates a heightened risk of potential losses for Origin Bancorp. This event will affect the company's asset quality metrics and could lead to increased provision for credit losses in future reporting periods.
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