Minimum Capital Requirements

12 Months Ended

Dec. 31, 2022

Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]

Minimum Capital Requirements

Minimum capital requirements:

Banks and bank holding companies are subject to regulatory capital requirements administered by federal banking agencies. Capital adequacy guidelines and, additionally for banks, prompt corrective action regulations involve quantitative measures of assets, liabilities, and certain off-balance sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by regulators. Failure to meet capital requirements can initiate regulatory action.

Under regulatory guidance for non-advanced approaches institutions, the Bank and Company are required to maintain minimum capital ratios as outlined in the table below. Additionally, under U.S. Basel III Capital Rules, the decision was made to opt out of including accumulated other comprehensive income in regulatory capital. As of December 31, 2022 and 2021, the Bank and Company met all capital adequacy requirements to which they are subject.

In March 2020, the OCC, the Board of Governors of the Federal Reserve System, and the FDIC announced a final rule to delay the estimated impact on regulatory capital stemming from the implementation of CECL. The final rule maintained the three-year transition option in the previous rule and provides banks the option to delay for two years an estimate of CECL’s effect on regulatory capital, relative to the incurred loss methodology’s effect on regulatory capital, followed by a three-year transition period (five-year transition option). The Company adopted the capital transition relief over the permissible five-year period and delayed the initial impact of CECL adoption plus 25% of the quarterly increases in ACL through December 31, 2021. As of January 1, 2022, the cumulative amount of the transition adjustments became fixed and are being phased out of regulatory capital calculations evenly over a three year period, with 75% of the transition provision’s impact being recognized in 2022, 50% recognized in 2023, and 25% recognized in 2024.

Actual and required capital amounts and ratios are included below as of the dates indicated.

As of December 31, 2022	Actual				Minimum Capital adequacy with capital buffer				To be well capitalized under prompt corrective action provisions
	Amount		Ratio		Amount		Ratio		Amount		Ratio
Total Capital (to risk-weighted assets)
FB Financial Corporation	$	1,528,344	13.1	%	$	1,225,161	10.5	%	N/A		N/A
FirstBank	1,506,543		12.9	%	1,222,922		10.5	%	$	1,164,688	10.0	%
Tier 1 Capital (to risk-weighted assets)
FB Financial Corporation	$	1,315,386	11.3	%	$	991,797	8.5	%	N/A		N/A
FirstBank	1,293,585		11.1	%	989,985		8.5	%	$	931,750	8.0	%
Tier 1 Capital (to average assets)
FB Financial Corporation	$	1,315,386	10.5	%	$	499,648	4.0	%	N/A		N/A
FirstBank	1,293,585		10.4	%	499,194		4.0	%	$	623,992	5.0	%
Common Equity Tier 1 Capital (to risk-weighted assets)
FB Financial Corporation	$	1,285,386	11.0	%	$	816,774	7.0	%	N/A		N/A
FirstBank	1,293,585		11.1	%	815,281		7.0	%	$	757,047	6.5	%

As of December 31, 2021	Actual				Minimum Capital adequacy with capital buffer				To be well capitalized under prompt corrective action provisions
	Amount		Ratio		Amount		Ratio		Amount		Ratio
Total Capital (to risk-weighted assets)
FB Financial Corporation	$	1,434,581	14.5	%	$	1,039,984	10.5	%	N/A		N/A
FirstBank	1,396,407		14.1	%	1,038,760		10.5	%	$	989,295	10.0	%
Tier 1 Capital (to risk-weighted assets)
FB Financial Corporation	$	1,251,874	12.6	%	$	841,892	8.5	%	N/A		N/A
FirstBank	1,213,700		12.3	%	840,901		8.5	%	$	791,436	8.0	%
Tier 1 Capital (to average assets)
FB Financial Corporation	$	1,251,874	10.5	%	$	474,831	4.0	%	N/A		N/A
FirstBank	1,213,700		10.2	%	474,044		4.0	%	$	592,555	5.0	%
Common Equity Tier 1 Capital (to risk-weighted assets)
FB Financial Corporation	$	1,221,874	12.3	%	$	693,322	7.0	%	N/A		N/A
FirstBank	1,213,700		12.3	%	692,507		7.0	%	$	643,042	6.5	%