Parent Company Only Condensed Financial Statements (Tables)

12 Months Ended

Dec. 31, 2021

Condensed Financial Information Disclosure [Abstract]

Schedule of Statements of Condensed Financial Statements

The following represents the condensed financial statements of Byline Bancorp, Inc., the Parent Company:

Statements of Financial Condition

Parent Company Only

	As of December 31,
	2021		2020
ASSETS
Cash	$	57,614	$	82,799
Investment in banking subsidiary		877,900		825,351
Equity securities, at fair value		1,986		—
Other assets		10,039		7,561
Total assets	$	947,539	$	915,711
LIABILITIES AND STOCKHOLDERS’ EQUITY
Line of credit	$	—	$	—
Subordinated notes, net		73,517		73,342
Junior subordinated debentures issued to capital trusts, net		36,906		36,451
Accrued expenses and other liabilities		734		454
Stockholders' equity		836,382		805,464
Total liabilities and stockholders' equity	$	947,539	$	915,711

Note 23—Parent Company Only Condensed Financial Statements (continued)

Statements of Operations

Parent Company Only

	Years ended December 31,
	2021			2020			2019
INCOME
Dividends from subsidiary	$	24,000		$	7,500		$	13,500
Change in fair value of equity securities, net		110			—			—
Other noninterest income		—			(112	)		—
Total income		24,110			7,388			13,500
EXPENSES
Interest expense		6,412			4,341			2,984
Other noninterest expense		1,814			1,453			1,768
Total expenses		8,226			5,794			4,752
Income before provision for income taxes and equity in undistributed income    of subsidiary		15,884			1,594			8,748
Benefit for income taxes		(2,022	)		(1,645	)		(1,323	)
Income before equity in undistributed income of subsidiary		17,906			3,239			10,071
Equity in undistributed income of subsidiary		74,879			34,228			46,931
Net income	$	92,785		$	37,467		$	57,002

Statements of Cash Flows

Parent Company Only

	Years ended December 31,
	2021			2020			2019
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$	92,785		$	37,467		$	57,002
Adjustments to reconcile net income to net cash from operating activities:
Equity in undistributed income of subsidiary		(74,879	)		(34,228	)		(46,931	)
Share-based compensation expense		4,018			2,579			1,673
Change in fair value of equity securities, net		(110	)		—			—
Amortization of subordinated debt issuance cost		175			84			—
Loss on redemption of junior subordinated debentures		—			112			—
Accretion of junior subordinated debentures discount		455			505			566
Changes in other assets and other liabilities		(6,974	)		(4,312	)		(7,916	)
Net cash provided by operating activities		15,470			2,207			4,394
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of securities available-for-sale		(1,876	)		—			—
Net cash paid in acquisition of business		—			—			(6,554	)
Net cash used in investing activities		(1,876	)		—			(6,554	)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from revolving line of credit		—			15,000			5,680
Repayments of revolving line of credit		—			(15,000	)		(11,335	)
Repayments of junior subordinated debentures		—			(1,500	)		—
Dividends paid on preferred stock		(783	)		(783	)		(783	)
Dividends paid on common stock		(11,269	)		(5,711	)		—
Proceeds from subordinated notes		—			73,258			—
Proceeds from issuance of common stock, net		2,140			3,626			3,726
Repurchase of common stock		(28,867	)		(1,668	)		—
Net cash provided by (used in) financing activities		(38,779	)		67,222			(2,712	)
NET CHANGE IN CASH AND CASH EQUIVALENTS		(25,185	)		69,429			(4,872	)
CASH AND CASH EQUIVALENTS, beginning of period		82,799			13,370			18,242
CASH AND CASH EQUIVALENTS, end of period	$	57,614		$	82,799		$	13,370