Mergers and acquisitions (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following tables present the final estimated fair value of net assets acquired as of the July 31, 2017 acquisition date and the consideration paid and an allocation of the purchase price to net assets acquired:



	As of July 31, 2017
	As Recorded by FB Financial Corporation⁽¹⁾
Assets
Cash and cash equivalents	$	49,059
Investment securities	59,493
FHLB stock	3,409
Loans	1,059,728
Allowance for loan losses	—
Premises and equipment	18,866
Other real estate owned	6,888
Intangibles, net	12,334
Other assets	5,978
Total assets	$	1,215,755
Liabilities
Interest-bearing deposits	$	670,054
Noninterest-bearing deposits	309,464
Borrowings	84,831
Accrued expenses and other liabilities	5,245
Total liabilities	1,069,594
Net assets acquired	$	146,161

Schedule of Consideration Paid and Allocation of Purchase Price to Net Assets Acquired



Purchase price:
Equity consideration
Common stock issued	1,521,200
Price per share as of July 31, 2017	$	34.37
Total equity consideration			$	52,284
Cash consideration			184,200		⁽²⁾
Total consideration paid			$	236,484
Preliminary allocation of consideration paid:
Fair value of net assets acquired including identifiable intangible assets			$	146,161
Goodwill			90,323
Total consideration paid			$	236,484


(1)	Amounts include certain reclassifications of opening balances to conform to the Company’s presentation.


(2)	Amount was deposited into an interest-bearing deposit account with the Bank in the name of the Seller as of July, 31, 2017.

Business Acquisition, Pro Forma Information

Actual revenues and earnings of the Clayton Banks since the merger date have not been disclosed as it is not practicable as the Clayton Banks were merged into the Company and separate financial information is not readily available.



	Year Ended December 31,
	2017		2016
Net interest income	$	192,633	$	171,383
Total revenues	$	336,404	$	322,045
Net income	$	75,659	$	64,608