Drake Mills is the CEO and Chairman of Origin Bancorp, Inc., having taken on this role since January 2019. He has a background in finance, holding a Bachelor’s degree from the University of Louisiana at Monroe. Under his leadership, the...

Drake Mills is the CEO and Chairman of Origin Bancorp, Inc., having taken on this role since January 2019. He has a background in finance, holding a Bachelor’s degree from the University of Louisiana at Monroe. Under his leadership, the company has focused on performance-based goals, which is reflected in his bonus structure—typically tied to critical metrics like net income and asset quality. His pay package in 2023 was approximately $1.7 million, including a base salary of $835,800 and significant bonuses tied to company goals. Mills has been active in trading his own company's stock, with notable transactions in 2023 where his holdings fluctuated significantly, peaking at $10.59 million in May. He also has been granted equity compensation in the form of vested stock, which plays into long-term performance and his commitment to the company's success. Mills emphasizes the importance of aligning executive compensation with shareholder interests, showing a clear connection between his performance and that of the company.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

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Drake Mills

CEO of Origin Bancorp

Education

B.S. in Finance from Louisiana Tech University

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

March 11, 1961 - 64 years ago

CEO of Origin Bancorp for

17 years 5 months (Jan 2008 - Present)

Previous Experience

Various roles including branch manager, consumer loan officer, commercial lender, and Chief Financial Officer at Origin Bank.

Rivals

Competitors/colleagues of Drake Mills

Holdings

See how much did Drake Mills make over time.

Drake Mills’ holdings have seen substantial fluctuations in value throughout 2023. At the peak in May 2023, his holdings were valued at $10.59 million but witnessed a drop to $6.39 million in January 2024. These changes highlight his active role...

Drake Mills’ holdings have seen substantial fluctuations in value throughout 2023. At the peak in May 2023, his holdings were valued at $10.59 million but witnessed a drop to $6.39 million in January 2024. These changes highlight his active role in trading and his investment in the company's future. His engagement with the company's stock is evident through his insider transactions, with values reaching up to $10.47 million in November 2023, indicating a strong confidence in the company’s direction as he navigates both the company and the market. Overall, Mills maintains a sizable stake that has seen significant ups and downs, reflecting both the challenges and opportunities of running a banking institution.

Mar 18, 2025

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shares

OBK @ $35.53

Insider Trading

See recent insider trades of Drake Mills.

No insider trades found for this CEO.

Compensation History

See how much did Drake Mills make over time.

Drake Mills' compensation is structured to attract and keep talented executives aligned with company goals. In 2023, he earned around $1.72 million, which includes his base salary of $835,800 and a performance-based bonus of $408,158. His bonus hinges on hitting specific performance targets, reflecting his commitment to meeting or exceeding both company and individual goals. Over recent years, his total compensation has been consistent, with emphasis on performance metrics that drive both his bonus opportunities and the overall strategy of Origin Bancorp. This strategy aims to connect executive pay with the performance of the bank, which helps in maintaining a strong alignment with shareholder interests.

Year

2023

Total Compensation

$1.67M

Salary

$835.80K

Board Justification

The compensation philosophy is designed to attract and retain talented executives while aligning their interests with those of stockholders through performance-based incentives.

Bonus

$408.16K

Board Justification

The bonus is based on the achievement of certain Company performance goals and individual goals, finalized at the Compensation Committee meeting in February 2024.

Other

$60.65K

Board Justification

Other compensation includes perquisites such as personal use of a company car, 401(k) contributions, life insurance premiums, and country club dues.

Restricted Stock

$360.50K(11.17K RSU)

Board Justification

The stock that vested in 2023 includes RSUs and PSUs, with a total value calculated based on the closing price of the stock at the time of vesting.

Performance Metrics

The performance metrics include normalized pre-tax, pre-provision ROAA, normalized net income, non-performing assets to LHFI, and net charge-offs to average LHFI.