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Merger with Pioneer Bancshares, Inc. (Tables)
 6 Months Ended
Jun. 30, 2023
Business Combination and Asset Acquisition [Abstract]  
Schedule of Estimated Fair Values of the Assets Acquired and Liabilities Assumed in this Transaction
Estimated fair values of the assets acquired and liabilities assumed in this transaction are as follows:
April 1,
2022
Cash and cash equivalents$449,278 
Investment securities157,859 
Loans held-for-sale2,923 
Loans811,300 
Premises and equipment39,935 
Bank-owned life insurance21,382 
Restricted equity securities9,320 
Core deposits and other intangible assets11,771 
Accrued interest receivable3,947 
Deferred tax assets19,752 
Prepaid expenses and other assets7,317 
Total assets acquired1,534,784 
Deposits1,192,081 
Federal Home Loan Bank advances159,924 
Accrued interest payable407 
Accrued expenses and other liabilities1,975 
Total liabilities assumed1,354,387 
Fair value of net assets acquired180,397 
Purchase price240,830 
Goodwill$60,433 
The following table discloses the fair value and contractual value of loans acquired from Pioneer on April 1, 2022.
Acquired LoansContractual Principal Balance
Commercial and industrial$98,351 $98,752 
Commercial real estate509,173 516,341 
Residential real estate173,094 174,763 
Consumer30,682 31,982 
Total fair value$811,300 $821,838 
Schedule of Supplemental Pro Forma Information
The following unaudited pro forma summary presents consolidated information of FirstSun as if the business combination had occurred on January 1, 2022.
(Unaudited)
Pro forma for the
six months ended
June 30,
2022
Net interest income$110,021 
Provision for loan losses7,850 
Net interest income after provision for loan losses102,171 
Noninterest income47,422 
Noninterest expenses118,316 
Income before income taxes31,277 
Provision for income taxes5,599 
Net income$25,678 
Earnings per share:
Net income available to common stockholders$25,678 
Basic$0.84 
Diluted$0.86