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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:        
Net income attributable to FB Financial Corporation and noncontrolling interest $ 19,353 $ 43,302 $ 54,589 $ 96,176
Adjustments to reconcile net income to net cash provided by (used in) operating activities:        
Depreciation and amortization of fixed assets and software     4,048 4,148
Amortization of core deposit and other intangibles     2,438 2,834
Capitalization of mortgage servicing rights     (15,070) (22,167)
Net change in fair value of mortgage servicing rights (8,745) 13,150 (28,096) 549
Stock-based compensation expense     5,620 5,181
Provision for credit losses 8,181 (12,885) 2,052 (24,517)
Provision for credit losses on unfunded commitments 4,137 (954) 6,019 (3,176)
Provision for mortgage loan repurchases (800) (706) (1,189) (266)
Amortization of premiums and accretion of discounts on acquired loans, net     2,288 284
Amortization of premiums and accretion of discounts on securities, net     3,692 4,390
Loss (gain) from securities, net 109 (144) 261 (227)
Originations of loans held for sale     (1,719,488) (3,308,882)
Proceeds from sale of loans held for sale     2,213,443 3,355,152
Gain on sale and change in fair value of loans held for sale     (35,410) (86,031)
Net loss (gain) or write-downs of other real estate owned 26 23 524 (473)
(Gain) loss on other assets (18) 4 (82) 15
Provision for deferred income taxes 3,148 3,899 12,461 13,538
Earnings on bank-owned life insurance     (728) (792)
Changes in:        
Operating leases     166 (677)
Other assets and interest receivable     13,566 (17,810)
Accrued expenses and other liabilities     7,279 (92,355)
Net cash provided by (used in) operating activities     528,383 (75,106)
Activity in available-for-sale securities:        
Sales     1,218 0
Maturities, prepayments and calls 126,349 86,866 126,349 147,906
Purchases     (243,209) (354,762)
Net change in loans     (1,029,702) (95,938)
Net change in commercial loans held for sale     39,300 91,792
Sales of FHLB stock     0 2,346
Purchases of FHLB stock     (2,364) (525)
Purchases of premises and equipment     (3,224) (1,168)
Proceeds from the sale of premises and equipment     875 0
Proceeds from the sale of other real estate owned 297 2,166 418 4,661
Net cash used in investing activities     (1,110,339) (205,688)
Cash flows from financing activities:        
Net (decrease) increase in demand deposits     (334,155) 900,733
Net increase (decrease) in time deposits     46,677 (154,814)
Net (decrease) increase in securities sold under agreements to repurchase     (9,010) 857
Payments on subordinated debt     0 (40,000)
Amortization of issuance costs and (accretion) of subordinated debt fair value premium, net     193 (176)
Payments on other borrowings     0 (15,000)
Share based compensation withholding payments     (2,146) (1,940)
Net proceeds from sale of common stock under employee stock purchase program     687 833
Repurchase of common stock     (32,743) 0
Dividends paid     (12,418) (10,492)
Noncontrolling interest distribution     (8) (8)
Net cash (used in) provided by financing activities     (342,923) 679,993
Net change in cash and cash equivalents     (924,879) 399,199
Cash and cash equivalents at beginning of the period     1,797,740 1,317,898
Cash and cash equivalents at end of the period 872,861 1,717,097 872,861 1,717,097
Supplemental cash flow information:        
Interest paid     15,638 24,611
Taxes paid     726 45,335
Supplemental noncash disclosures:        
Transfers from loans to other real estate owned 0 3,201 563 4,596
Loans provided for sales of other real estate owned 0 203 0 533
Transfers from loans to loans held for sale     20,016 3,709
Transfers from loans held for sale to loans     14,179 29,322
Trade date payable - securities     0 41,722
Dividends declared not paid on restricted stock units $ 118 $ 128 118 128
Right-of-use assets obtained in exchange for operating lease liabilities     $ 2,317 $ 670