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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income attributable to FB Financial Corporation and noncontrolling interest $ 36,381,000 $ 35,236,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization of fixed assets and software 2,228,000 2,036,000
Amortization of core deposit and other intangibles 990,000 1,244,000
Amortization of issuance costs on subordinated debt 97,000 97,000
Capitalization of mortgage servicing rights (1,788,000) (9,812,000)
Net change in fair value of mortgage servicing rights 5,274,000 (19,351,000)
Stock-based compensation expense 2,285,000 2,582,000
Provision for credit losses 4,997,000 (6,129,000)
Provision for credit losses on unfunded commitments (4,506,000) 1,882,000
Provision for mortgage loan repurchases (250,000) (389,000)
(Accretion) amortization of discounts and premiums on acquired loans, net (319,000) 2,352,000
Amortization of premiums and accretion of discounts on securities, net 1,382,000 1,992,000
(Gain) loss from securities, net (69,000) 152,000
Originations of loans held for sale (295,760,000) (993,733,000)
Proceeds from sale of loans held for sale 340,108,000 1,330,701,000
Gain on sale and change in fair value of loans held for sale (8,635,000) (21,675,000)
Net loss on write-downs of other real estate owned and other assets 183,000 434,000
Provision for deferred income taxes 1,396,000 9,313,000
Earnings on bank-owned life insurance (605,000) (354,000)
Changes in:    
Operating lease assets and liabilities, net 580,000 (190,000)
Other assets and interest receivable 62,512,000 (62,043,000)
Accrued expenses and other liabilities (48,099,000) 13,900,000
Net cash provided by operating activities 98,382,000 288,245,000
Activity in available-for-sale securities:    
Maturities, prepayments and calls 26,827,000 57,443,000
Purchases (660,000) (170,093,000)
Net change in loans (52,540,000) (362,408,000)
Sales of FHLB stock 21,637,000 0
Purchases of FHLB stock (6,365,000) (2,216,000)
Purchases of premises and equipment (9,450,000) (601,000)
Proceeds from the sale of other real estate owned and other assets 2,031,000 121,000
Proceeds from bank-owned life insurance 236,000 0
Net cash used in investing activities (18,284,000) (477,754,000)
Cash flows from financing activities:    
Net increase in demand deposits 251,069,000 238,893,000
Net increase (decrease) in time deposits 74,896,000 (75,765,000)
Net decrease in securities sold under agreements to repurchase and federal funds purchased (48,815,000) (14,779,000)
Net decrease in short-term FHLB advances (50,000,000) 0
Share based compensation withholding payments (2,597,000) (1,488,000)
Net proceeds from sale of common stock under employee stock purchase program 321,000 687,000
Repurchase of common stock (4,944,000) (6,203,000)
Dividends paid on common stock (6,994,000) (6,194,000)
Dividend equivalent payments made upon vesting of equity compensation (135,000) (71,000)
Net cash provided by financing activities 212,801,000 135,080,000
Net change in cash and cash equivalents 292,899,000 (54,429,000)
Cash and cash equivalents at beginning of the period 1,027,052,000 1,797,740,000
Cash and cash equivalents at end of the period 1,319,951,000 1,743,311,000
Supplemental cash flow information:    
Interest paid 52,634,000 8,631,000
Taxes (refunded) paid, net (904,000) 72,000
Supplemental noncash disclosures:    
Transfers from loans to other real estate owned 235,000 563,000
Transfers from loans to loans held for sale 7,126,000 8,700,000
Transfers from loans held for sale to loans 776,000 47,956,000
Decrease in rebooked GNMA loans under optional repurchase program (5,683,000) 0
Trade date payable - securities 245,000 0
Dividends declared not paid on restricted stock units 48,000 60,000
Right-of-use assets obtained in exchange for operating lease liabilities $ 3,375,000 $ 283,000