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Mergers and acquisitions (Tables)
6 Months Ended
Jun. 30, 2020
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The following tables summarize the estimated fair values of assets acquired and liabilities assumed as of the acquisition date and an allocation of the consideration to net assets acquired:
As of February 14, 2020
As Recorded by FB Financial Corporation
ASSETS
Cash and cash equivalents $10,774  
Securities50,594  
Loans, net of fair value adjustments182,171  
Allowance for credit losses on PCD loans(669) 
Premises and equipment8,049  
Core deposit intangible2,490  
Other assets4,809  
Total assets$258,218  
LIABILITIES
Deposits
Noninterest-bearing $63,531  
Interest-bearing checking26,451  
Money market and savings37,002  
Customer time deposits82,551  
Total deposits209,535  
Borrowings3,192  
Accrued expenses and other liabilities1,839  
Total liabilities214,566  
Total net assets acquired$43,652  
Schedule of Consideration Paid and Allocation of Purchase Price to Net Assets Acquired
Consideration:
Net shares issued954,797  
Purchase price per share on February 14, 2020$36.70  
Value of stock consideration$35,041  
Cash consideration paid 15,001  
Total purchase price $50,042  
FV of net assets acquired43,652  
Goodwill resulting from merger$6,390  
Schedule of Purchased Credit Deteriorated Credit Quality
As of February 14,
2020
Purchased credit-deteriorated loans
Principal balance$18,964  
Allowance for credit losses at acquisition(669) 
Net premium attributable to other factors63  
Loans purchased credit-deteriorated fair value$18,358  
Farmers National  
Business Acquisition [Line Items]  
Business Acquisition, Pro Forma Information The pro forma information is not indicative of what would have occurred had the acquisition taken place on January 1, 2019 and does not include the effect of all cost-saving or revenue-enhancing strategies.
Three Months Ended June 30,Six Months Ended June 30,
2019  2020  2019  
Net interest income$59,543  $112,804  $115,128  
Total revenues 92,919  237,258  177,938  
Net income19,097  24,045  38,696  
Atlantic Capital Bank  
Business Acquisition [Line Items]  
Business Acquisition, Pro Forma Information The pro forma information is not indicative of what would have occurred had the acquisition taken place on January 1, 2018 and does not include the effect of all cost-saving or revenue-enhancing strategies.
Three Months Ended June 30,Six Months Ended June 30,
2019  2019  
Net interest income$57,023  $113,610  
Total revenues$90,002  $176,413  
Net income$18,688  $37,191