XML 14 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated statements of income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest income:        
Interest and fees on loans $ 76,504 $ 67,639 $ 201,350 $ 194,363
Interest on securities        
Taxable 2,286 3,137 7,961 10,254
Tax-exempt 1,933 1,174 4,956 3,478
Other 404 1,292 2,141 2,799
Total interest income 81,127 73,242 216,408 210,894
Interest expense:        
Deposits 10,573 13,522 32,050 38,865
Borrowings 1,726 1,415 3,944 3,685
Total interest expense 12,299 14,937 35,994 42,550
Net interest income 68,828 58,305 180,414 168,344
Provision for credit losses 45,834 1,831 97,837 4,103
Provision for credit losses on unfunded commitments 9,567 0 13,050 0
Net interest income after provisions for credit losses 13,427 56,474 69,527 164,241
Noninterest income:        
Gain (loss) from securities, net 583 (20) 618 75
(Loss) gain on sales or write-downs of other real estate owned (1,505) (126) (1,368) 112
Gain (loss) from other assets 226 44 (156) 52
Other income 5,133 2,114 10,395 5,598
Total noninterest income 97,026 38,145 221,217 100,163
Noninterest expenses:        
Salaries, commissions and employee benefits 67,676 40,880 166,556 112,495
Occupancy and equipment expense 4,892 4,058 13,166 12,107
Legal and professional fees 1,917 1,993 5,427 5,412
Data processing 2,994 2,816 8,229 7,843
Merger costs 20,730 295 25,366 4,699
Amortization of core deposit and other intangibles 1,417 1,197 3,825 3,180
Advertising 2,256 1,895 7,236 7,066
Other expense 16,210 9,801 37,425 29,353
Total noninterest expense 118,092 62,935 267,230 182,155
(Loss) income before income taxes (7,639) 31,684 23,514 82,249
Income tax (benefit) expense (2,040) 7,718 5,495 20,007
Net (loss) income (5,599) 23,966 18,019 62,242
Net income applicable to noncontrolling interests 0 0 0 0
Net (loss) income applicable to FB Financial Corporation $ (5,599) $ 23,966 $ 18,019 $ 62,242
(Loss) earnings per common share        
Basic (in dollars per share) $ (0.14) $ 0.77 $ 0.52 $ 2.01
Diluted (in dollars per share) $ (0.14) $ 0.76 $ 0.52 $ 1.97
Mortgage banking income        
Noninterest income:        
Mortgage banking income, service charges on deposit accounts, ATM and interchange fees, investment services and trust income $ 84,686 $ 29,193 $ 189,599 $ 74,740
Service charges on deposit accounts        
Noninterest income:        
Mortgage banking income, service charges on deposit accounts, ATM and interchange fees, investment services and trust income 2,162 2,416 6,583 6,822
ATM and interchange fees        
Noninterest income:        
Mortgage banking income, service charges on deposit accounts, ATM and interchange fees, investment services and trust income 3,913 3,188 10,653 8,846
Investment services and trust income        
Noninterest income:        
Mortgage banking income, service charges on deposit accounts, ATM and interchange fees, investment services and trust income $ 1,828 $ 1,336 $ 4,893 $ 3,918