Cover - shares	3 Months Ended
Cover - shares	Mar. 31, 2022	Apr. 30, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
Document Transition Report	false
Entity File Number	001-37875
Entity Registrant Name	FB FINANCIAL CORPORATION
Entity Incorporation, State or Country Code	TN
Entity Tax Identification Number	62-1216058
Entity Address, Address Line One	211 Commerce Street
Entity Address, Address Line Two	Suite 300
Entity Address, City or Town	Nashville
Entity Address, State or Province	TN
Entity Address, Postal Zip Code	37201
City Area Code	615
Local Phone Number	564-1212
Title of 12(b) Security	Common Stock, Par Value $1.00 Per Share
Trading Symbol	FBK
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Reporting Company	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		47,234,776
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Entity Central Index Key	0001649749
Current Fiscal Year End Date	--12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
ASSETS
Cash and due from banks	$ 61,637	$ 91,333
Federal funds sold and reverse repurchase agreements	134,763	128,087
Interest-bearing deposits in financial institutions	1,546,911	1,578,320
Cash and cash equivalents	1,743,311	1,797,740
Investments:
Available-for-sale debt securities, at fair value	1,683,525	1,678,525
Equity securities, at fair value	3,213	3,367
Federal Home Loan Bank stock, at cost	34,433	32,217
Loans held for sale, at fair value	396,728	752,223
Loans	8,004,976	7,604,662
Less: allowance for credit losses	120,049	125,559
Net loans	7,884,927	7,479,103
Premises and equipment, net	142,550	143,739
Other real estate owned, net	9,721	9,777
Operating lease right-of-use assets	41,037	41,686
Interest receivable	39,069	38,528
Mortgage servicing rights, at fair value	144,675	115,512
Goodwill	242,561	242,561
Core deposit and other intangibles, net	15,709	16,953
Bank-owned life insurance	74,232	73,519
Other assets	218,500	172,236
Total assets	12,674,191	12,597,686
Deposits
Noninterest-bearing	2,787,698	2,740,214
Interest-bearing checking	3,639,779	3,418,666
Money market and savings	3,513,485	3,546,936
Customer time deposits	1,046,899	1,103,594
Brokered and internet time deposits	8,417	27,487
Total deposits	10,996,278	10,836,897
Borrowings	155,733	171,778
Operating lease liabilities	45,528	46,367
Accrued expenses and other liabilities	96,783	109,949
Total liabilities	11,294,322	11,164,991
Commitments and contingencies (Note 16)
SHAREHOLDERS' EQUITY
Common stock, $1 par value per share; 75,000,000 shares authorized; 47,487,874 and 47,549,241 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively	47,488	47,549
Additional paid-in capital	888,168	892,529
Retained earnings	515,664	486,666
Accumulated other comprehensive (loss) income, net	(71,544)	5,858
Total FB Financial Corporation common shareholders' equity	1,379,776	1,432,602
Noncontrolling interest	93	93
Total equity	1,379,869	1,432,695
Total liabilities and shareholders' equity	$ 12,674,191	$ 12,597,686

Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized (in shares)	75,000,000	75,000,000
Common stock, shares issued (in shares)	47,487,874	47,549,241
Common stock, shares outstanding (in shares)	47,487,874	47,549,241

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Interest income:
Interest and fees on loans	$ 86,864	$ 89,412
Interest on securities
Taxable	5,420	2,819
Tax-exempt	1,866	1,956
Other	977	598
Total interest income	95,127	94,785
Interest expense:
Deposits	5,462	9,826
Borrowings	1,483	2,383
Total interest expense	6,945	12,209
Net interest income	88,182	82,576
Provision for credit losses	(6,129)	(11,632)
Provision for credit losses on unfunded commitments	1,882	(2,222)
Net interest income after provisions for credit losses	92,429	96,430
Noninterest income:
(Loss) gain from securities, net	(152)	83
(Loss) gain on sales or write-downs of other real estate owned	(498)	496
Gain (loss) from other assets	64	(11)
Other income	2,314	2,142
Total noninterest income	41,392	66,730
Noninterest expenses:
Salaries, commissions and employee benefits	59,443	64,571
Occupancy and equipment expense	5,403	5,849
Legal and professional fees	2,607	2,434
Data processing	2,481	2,319
Amortization of core deposit and other intangibles	1,244	1,440
Advertising	4,033	2,253
Other expense	14,061	15,832
Total noninterest expense	89,272	94,698
Income (loss) before income taxes	44,549	68,462
Income tax expense	9,313	15,588
Net income applicable to FB Financial Corporation and noncontrolling interest	35,236	52,874
Net income applicable to noncontrolling interest	0	0
Net income applicable to FB Financial Corporation	$ 35,236	$ 52,874
Earnings per common share
Basic (in dollars per share)	$ 0.74	$ 1.12
Diluted (in dollars per share)	$ 0.74	$ 1.10
Mortgage banking income
Noninterest income:
Mortgage banking income, service charges on deposit accounts, ATM and interchange fees, investment services and trust income	$ 29,531	$ 55,332
Service charges on deposit accounts
Noninterest income:
Mortgage banking income, service charges on deposit accounts, ATM and interchange fees, investment services and trust income	2,914	2,339
ATM and interchange fees
Noninterest income:
Mortgage banking income, service charges on deposit accounts, ATM and interchange fees, investment services and trust income	5,087	4,341
Investment services and trust income
Noninterest income:
Mortgage banking income, service charges on deposit accounts, ATM and interchange fees, investment services and trust income	$ 2,132	$ 2,008

Consolidated Statements of Comprehensive (Loss) Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 35,236	$ 52,874
Other comprehensive loss, net of tax:
Net change in unrealized loss in available-for-sale securities, net of tax benefits of $(27,483) and $(3,452)	(78,175)	(11,848)
Reclassification adjustment for gain on sale of securities included in net income, net of tax expenses of $1 and $2	(1)	(5)
Amount of gain recognized in other comprehensive (loss) income, net of tax expense of $273 and $112	774	316
Total other comprehensive loss, net of tax	(77,402)	(11,537)
Comprehensive (loss) income	(42,166)	41,337
Comprehensive income applicable to noncontrolling interest	0	0
Comprehensive (loss) income applicable to FB Financial Corporation	$ (42,166)	$ 41,337

Consolidated Statements of Comprehensive (Loss) Income (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Comprehensive Income [Abstract]
Net tax (benefits) expenses on net change in unrealized gain (loss) on available-for-sale securities	$ (27,483)	$ (3,452)
Net tax expenses (benefits) on reclassification adjustment for gain on sale of securities included in net income	1	2
Net tax expenses (benefits) recognized on net change in unrealized gain (loss) on hedging activities	$ 273	$ 112

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Total common shareholders' equity	Common stock	Additional paid-in capital	Retained earnings	Accumulated other comprehensive income (loss), net	Noncontrolling interests
Beginning balance at Dec. 31, 2020	$ 1,291,382	$ 1,291,289	$ 47,222	$ 898,847	$ 317,625	$ 27,595	$ 93
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to FB Financial Corporation and noncontrolling interest	52,874	52,874			52,874
Other comprehensive loss, net of taxes	(11,537)	(11,537)				(11,537)
Stock based compensation expense	2,666	2,666	3	2,663
Restricted stock units vested and distributed, net of shares withheld	(1,715)	(1,715)	85	(1,800)
Shares issued under employee stock purchase program	833	833	22	811
Dividends declared	(5,307)	(5,307)			(5,307)
Noncontrolling interest distribution	0
Ending balance at Mar. 31, 2021	1,329,196	1,329,103	47,332	900,521	365,192	16,058	93
Beginning balance at Dec. 31, 2021	1,432,695	1,432,602	47,549	892,529	486,666	5,858	93
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to FB Financial Corporation and noncontrolling interest	35,236	35,236			35,236
Other comprehensive loss, net of taxes	(77,402)	(77,402)				(77,402)
Repurchase of common stock	(6,203)	(6,203)	(145)	(6,058)
Stock based compensation expense	2,582	2,582	1	2,581
Restricted stock units vested and distributed, net of shares withheld	(1,488)	(1,488)	68	(1,556)
Shares issued under employee stock purchase program	687	687	15	672
Dividends declared	(6,238)	(6,238)			(6,238)
Noncontrolling interest distribution	0
Ending balance at Mar. 31, 2022	$ 1,379,869	$ 1,379,776	$ 47,488	$ 888,168	$ 515,664	$ (71,544)	$ 93

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Stockholders' Equity [Abstract]
Dividends declared (in dollars per share)	$ 0.13	$ 0.11

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flows from operating activities:
Net income attributable to FB Financial Corporation and noncontrolling interest	$ 35,236	$ 52,874
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization of fixed assets and software	2,036	2,056
Amortization of core deposit and other intangibles	1,244	1,440
Capitalization of mortgage servicing rights	(9,812)	(11,594)
Net change in fair value of mortgage servicing rights	(19,351)	(12,601)
Stock-based compensation expense	2,582	2,666
Provision for credit losses	(6,129)	(11,632)
Provision for credit losses on unfunded commitments	1,882	(2,222)
Provision for mortgage loan repurchases	(389)	440
Amortization of premiums and accretion of discounts on acquired loans, net	2,352	58
Amortization of premiums and accretion of discounts on securities, net	1,992	2,150
Loss (gain) from securities, net	152	(83)
Originations of loans held for sale	(993,733)	(1,757,932)
Proceeds from sale of loans held for sale	1,330,701	1,648,695
Gain on sale and change in fair value of loans held for sale	(21,675)	(52,811)
Net loss (gain) or write-downs of other real estate owned	498	(496)
(Gain) loss on other assets	(64)	11
Provision for deferred income taxes	9,313	9,639
Earnings on bank-owned life insurance	(354)	(402)
Changes in:
Operating leases	(190)	129
Other assets and interest receivable	(62,043)	(907)
Accrued expenses and other liabilities	13,900	(41,660)
Net cash provided by (used in) operating activities	288,148	(172,182)
Activity in available-for-sale securities:
Maturities, prepayments and calls	57,443	61,040
Purchases	(170,093)	(131,268)
Net change in loans	(363,354)	45,584
Net change in commercial loans held for sale	946	39,566
Purchases of FHLB stock	(2,216)	(525)
Purchases of premises and equipment	(601)	(2,050)
Proceeds from the sale of other real estate owned	121	2,495
Net cash (used in) provided by investing activities	(477,754)	14,842
Cash flows from financing activities:
Net increase in demand deposits	238,893	855,673
Net decrease in time deposits	(75,765)	(56,824)
Net decrease in securities sold under agreements to repurchase	(14,779)	(2,965)
Payments on subordinated debt	0	(40,000)
Accretion of subordinated debt fair value premium and amortization of issuance costs, net	97	(158)
Payments on other borrowings	0	(15,000)
Share based compensation withholding payments	(1,488)	(1,715)
Net proceeds from sale of common stock under employee stock purchase program	687	833
Repurchase of common stock	(6,203)	0
Dividends paid	(6,265)	(5,269)
Net cash provided by financing activities	135,177	734,575
Net change in cash and cash equivalents	(54,429)	577,235
Cash and cash equivalents at beginning of the period	1,797,740	1,317,898
Cash and cash equivalents at end of the period	1,743,311	1,895,133
Supplemental cash flow information:
Interest paid	8,631	14,794
Taxes paid	72	15,117
Supplemental noncash disclosures:
Transfers from loans to other real estate owned	563	1,395
Loans provided for sales of other real estate owned	0	330
Transfers from loans to loans held for sale	8,700	2,521
Transfers from loans held for sale to loans	47,956	14,413
Dividends declared not paid on restricted stock units	60	38
Right-of-use assets obtained in exchange for operating lease liabilities	$ 283	$ 157

Basis of Presentation

3 Months Ended

Mar. 31, 2022

Accounting Policies [Abstract]

Basis of Presentation

Basis of presentation:

Overview and presentation

FB Financial Corporation (the “Company”) is a financial holding company headquartered in Nashville, Tennessee. The Company operates through its wholly-owned subsidiaries, FirstBank (the "Bank") and FirstBank Risk Management, Inc. As of March 31, 2022, the Bank had 81 full-service branches throughout Tennessee, Alabama, southern Kentucky and north Georgia, and a national mortgage business with office locations across the Southeast, which primarily originates loans to be sold in the secondary market.

The unaudited consolidated financial statements, including the notes thereto, have been prepared in accordance with U.S. GAAP interim reporting requirements and general banking industry guidelines, and therefore, do not include all information and notes included in the annual consolidated financial statements in conformity with GAAP. These interim consolidated financial statements and notes thereto should be read in conjunction with the Company’s audited consolidated financial statements and accompanying notes included in the Company’s Annual Report on Form 10-K.

The unaudited consolidated financial statements include all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of the results for the interim periods. The results for interim periods are not necessarily indicative of results for a full year.

In preparing the financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and the reported results of operations for the periods then ended. Actual results could differ significantly from those estimates.

Certain prior period amounts have been reclassified to conform to the current period presentation without any impact on the reported amounts of net income or shareholders’ equity.

Risks and uncertainties

The COVID-19 health pandemic created a crisis resulting in volatility in financial markets, sudden, unprecedented job losses, and disruption in consumer and commercial behavior, resulting in governments in the United States and globally to intervene with varying levels of direct monetary support and fiscal stimulus packages. All industries, municipalities and consumers have been impacted by the health crisis to some degree, including the markets that we serve. Although during the three months ended March 31, 2022, the outlook continued to improve, there continues to be concern regarding the potential downstream effects, including the supply chain disruptions and labor shortages, which continue to persist. As such, there continues to be uncertainty regarding the long term effects on the global economy, which could have a material adverse impact on the Company's business operations, asset valuations, financial condition, and results of operations.

Earnings per share

Basic EPS excludes dilution and is computed by dividing earnings available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted EPS includes the dilutive effect of additional potential common shares issuable under the restricted stock units granted but not yet vested and distributable. Diluted EPS is computed by dividing earnings available to common shareholders by the weighted average number of common shares outstanding for the period, plus an incremental number of common-equivalent shares computed using the treasury stock method.

Unvested share-based payment awards, which include the right to receive non-forfeitable dividends or dividend equivalents, are considered to participate with common shareholders in undistributed earnings for purposes of computing EPS. Companies that have such participating securities are required to calculate basic and diluted EPS using the two-class method. Certain restricted stock awards granted by the Company include non-forfeitable dividend equivalents and are considered participating securities. Calculations of EPS under the two-class method (i) exclude from the numerator any dividends paid or owed on participating securities and any undistributed earnings considered to be attributable to participating securities and (ii) exclude from the denominator the dilutive impact of the participating securities.

The following is a summary of the basic and diluted earnings per common share calculation for each of the periods presented:


	Three Months Ended March 31,
		2022		2021
Basic earnings per common share calculation:
Net income applicable to FB Financial Corporation		$	35,236	$	52,874
Dividends paid on and undistributed earnings allocated to participating securities		—		—
Earnings available to common shareholders		$	35,236	$	52,874
Weighted average basic shares outstanding		47,530,520		47,278,865
Basic earnings per common share		$	0.74	$	1.12
Diluted earnings per common share:
Earnings available to common shareholders		$	35,236	$	52,874
Weighted average basic shares outstanding		47,530,520		47,278,865
Weighted average diluted shares contingently issuable(1)		193,382		690,241
Weighted average diluted shares outstanding		47,723,902		47,969,106
Diluted earnings per common share		$	0.74	$	1.10

(1)Excludes 123,709 restricted stock units outstanding considered to be antidilutive for the three months ended March 31, 2022 and 87,452 restricted stock units outstanding considered to be antidilutive for three months ended March 31, 2021.

Recently adopted accounting policies:

The Company did not modify or adopt any new accounting policies during the three months ended March 31, 2022 that were not disclosed in the Company's 2021 audited consolidated financial statements included on Form 10-K, other than as described below.

During the three months ended March 31, 2022, the Company modified the accounting policy related to derivative financial instruments and hedging activities within Note 1 of the Company's 2021 Annual Report on Form 10-K in accordance with ASC 815, "Derivatives and Hedging," as a result of entering into designated fair value hedges during the period. The Company enters into fair value hedge relationships to mitigate the effect of changing interest rates on the fair values of fixed rate securities and loans. The gain or loss on the derivative instrument as well as the offsetting loss or gain on the hedged asset or liability attributable to the hedged risk are recognized in current earnings. The gain or loss on the derivative instrument is presented on the same income statement line item as the earnings effect of the hedged item.

Recently adopted accounting standards:

The Company did not adopt any new accounting standards that were not disclosed in the Company's 2021 audited consolidated financial statements included on Form 10-K.

Newly issued not yet effective accounting standards:

In March 2022, the FASB issued ASU 2022-01, "Derivatives and Hedging (Topic 815): Fair Value Hedging-Portfolio Layer Method", to expand the current single-layer method of electing hedge accounting to allow multiple hedged layers of a single closed portfolio under the method. To reflect that expansion, the last-of-layer method is renamed the portfolio layer method. The amendments in this update are effective for fiscal years beginning after December 15, 2022, and interim periods within those fiscal years. Early adoption is permitted on any date on or after the issuance of ASU No. 2022-01 for any entity that has adopted the amendments in ASU No.2017-12 for the corresponding period. Adoption of this update will not have an impact on the Company's consolidated financial statements or related disclosures.

Additionally, in March 2022, the FASB issued ASU 2022-02, "'Financial Instruments—Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures" related to troubled debt restructurings and vintage disclosures for financing receivables. The amendments eliminate the accounting guidance for troubled debt restructurings by creditors that have adopted the CECL model and enhance the disclosure requirements for loan modifications and restructurings made with borrowers experiencing financial difficulty. In addition, the amendments require disclosure of current-period gross write-offs for financing receivables and net investment in leases by year of origination in the vintage disclosures. The amendments in this update are effective for fiscal years beginning after December 15, 2022, including interim periods

within those fiscal years, with early adoption permitted. The Company is currently evaluating the effect that ASU 2022-02 will have on its consolidated financial statements and related disclosures.

In March 2022, the SEC released SAB 121 to add interpretive guidance for entities to consider when they have obligations to safeguard crypto-assets held for clients. The new guidance requires reporting entities who allow clients to transact in crypto-assets and act as a custodian to record a liability with a corresponding asset regardless of whether they control the crypto-asset. The crypto-asset will need to be marked at fair value for each reporting period. The new guidance requires disclosures in the footnotes to address the amount of crypto-assets reported, and the safeguarding and recordkeeping of the assets. The guidance in this update requires that reporting companies implement SAB 121 no later than the financial statements covering the first interim or annual period ending after June 15, 2022, with retrospective application back to the beginning of the fiscal year. During the three months ended March 31, 2022, the Company became a founding member of the USDF Consortium ("the Consortium"), which plans to utilize blockchain and bank-issued digital dollars technology to streamline peer-to-peer financial transactions. While the Company does not currently hold or facilitate transactions with crypto-assets, the Company is evaluating the potential future financial statement and disclosure impact from adopting this guidance when it becomes applicable based on the Company's crypto-asset activities.

In March 2020, the FASB issued ASU 2020-04, “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” ASU 2020-04 is intended to provide relief for companies preparing for discontinuation of interest rates based on LIBOR. The ASU provides optional expedients and exceptions for applying GAAP to contract modifications and hedging relationships, subject to meeting certain criteria, that reference LIBOR or other reference rates expected to be discontinued. ASU 2020-04 also provides for a onetime sale and/or transfer to AFS or trading to be made for HTM debt securities that both reference an eligible reference rate and were classified as HTM before January 1, 2020. ASU 2020-04 was effective for all entities as of March 12, 2020 and through December 31, 2022. Companies can apply the ASU as of the beginning of the interim period that includes March 12, 2020 or any date thereafter. The guidance requires companies to apply the guidance prospectively to contract modifications and hedging relationships while the one-time election to sell and/or transfer debt securities classified as HTM may be made any time after March 12, 2020.

Our LIBOR Transition Committee was established to transition from LIBOR to alternative rates and has continued its efforts consistent with industry timelines. As part of these efforts, during the fourth quarter of 2021, we ceased utilization of LIBOR as an index in newly originated loans or loans that are refinanced. Additionally, we identified existing products that utilize LIBOR and are reviewing contractual language to facilitate the transition to alternative reference rates. ASU 2020-04 and ASU 2021-01 are not expected to have a material impact on our consolidated financial statements.

Subsequent events

The Company has evaluated, for consideration of recognition or disclosure, subsequent events that occurred through the date of issuance of these financial statements. The Company has determined that there were no subsequent events that occurred after March 31, 2022, but prior to the issuance of these financial statements that would have a material impact on the Company’s consolidated financial statements, other than as described below.

On May 10, 2022, the Company announced the restructuring of its Mortgage segment, including the discontinuation of its internet delivery channel, Real Genius, formerly known as ConsumerDirect (the "Direct-to-Consumer" channel), which is one of two delivery channels in the Mortgage segment. For the three months ended March 31, 2022 and 2021, The Direct-to-Consumer channel comprised 43.4% and 50.2% of the Company's total interest rate lock volume and 50.7% and 52.8% of the Company's sales volume, respectively. As a result of exiting this channel, the Company expects to incur total pre-tax restructuring charges of approximately $11,000 to $13,000 through the remainder of 2022 and to halt operations in this channel prior to the fourth quarter of 2022. The Company plans to continue originating and selling residential mortgage loans within its Mortgage segment through its traditional consumer mortgage retail channel, retain mortgage servicing rights and continue holding residential 1-4 family mortgage loans in the loan portfolio.

Additionally, subsequent to March 31, 2022, the Company bought back 400,000 shares of common stock under the Company's authorized share repurchase agreement. The average share price was $40.91 and total repurchase amount of $16,366.

Investment Securities

3 Months Ended

Mar. 31, 2022

Investments, Debt and Equity Securities [Abstract]

Investment Securities

Investment securities:

The following tables summarize the amortized cost, allowance for credit losses and fair value of the available-for-sale debt securities and the corresponding amounts of unrealized gains and losses recognized in accumulated other comprehensive income at March 31, 2022 and December 31, 2021:


	March 31, 2022
	Amortized cost		Gross unrealized gains		Gross unrealized losses		Allowance for credit losses for investments		Fair Value
Investment Securities
Available-for-sale debt securities
U.S. government agency securities	$	41,015	$	—	$	(2,133)	$	—	$	38,882
Mortgage-backed securities - residential	1,320,205		616		(88,565)		—		1,232,256
Mortgage-backed securities - commercial	14,738		14		(445)		—		14,307
Municipal securities	318,587		3,594		(12,043)		—		310,138
U.S. Treasury securities	81,913		4		(1,744)		—		80,173
Corporate securities	8,000		4		(235)		—		7,769
Total	$	1,784,458	$	4,232	$	(105,165)	$	—	$	1,683,525


	December 31, 2021
	Amortized cost		Gross unrealized gains		Gross unrealized losses		Allowance for credit losses for investments		Fair Value
Investment Securities
Available-for-sale debt securities
U.S. government agency securities	$	34,023	$	18	$	(171)	$	—	$	33,870
Mortgage-backed securities - residential	1,281,285		6,072		(17,985)		—		1,269,372
Mortgage-backed securities - commercial	15,024		272		(46)		—		15,250
Municipal securities	322,052		16,718		(160)		—		338,610
U.S. Treasury securities	14,914		—		(6)		—		14,908
Corporate securities	6,500		40		(25)		—		6,515
Total	$	1,673,798	$	23,120	$	(18,393)	$	—	$	1,678,525

The components of amortized cost for debt securities on the consolidated balance sheets excludes accrued interest receivable since the Company elected to present accrued interest receivable separately on the consolidated balance sheets. As of March 31, 2022 and December 31, 2021, total accrued interest receivable on debt securities was $5,331 and $5,051, respectively.

As of March 31, 2022 and December 31, 2021, the Company had $3,213 and $3,367, in marketable equity securities recorded at fair value, respectively.

Securities pledged at March 31, 2022 and December 31, 2021 had carrying amounts of $1,253,407 and $1,226,646, respectively, and were pledged to secure a Federal Reserve Bank line of credit, public deposits and repurchase agreements.

There were no holdings of securities of any one issuer, other than U.S. Government sponsored enterprises, in an amount greater than 10% of shareholders' equity during any period presented.

Investment securities transactions are recorded as of the trade date. At March 31, 2022 and December 31, 2021, there were no trade date receivables or payables that related to sales or purchases settled after period end.

The amortized cost and fair value of debt securities by contractual maturity at March 31, 2022 and December 31, 2021 are shown below. Maturities may differ from contractual maturities in mortgage-backed securities because the mortgage underlying the security may be called or repaid without any penalties. Therefore, mortgage-backed securities are not included in the maturity categories in the following summary.


	March 31,				December 31,
	2022				2021
	Available-for-sale				Available-for-sale
	Amortized cost		Fair value		Amortized cost		Fair value
Due in one year or less	$	19,614	$	19,602	$	21,851	$	21,884
Due in one to five years	121,436		118,438		54,847		55,307
Due in five to ten years	55,733		54,635		45,714		46,975
Due in over ten years	252,732		244,287		255,077		269,737
	449,515		436,962		377,489		393,903
Mortgage-backed securities - residential	1,320,205		1,232,256		1,281,285		1,269,372
Mortgage-backed securities - commercial	14,738		14,307		15,024		15,250
Total debt securities	$	1,784,458	$	1,683,525	$	1,673,798	$	1,678,525

Sales and other dispositions of available-for-sale securities were as follows:


	Three Months Ended March 31,
		2022		2021
Proceeds from sales		$	—	$	—
Proceeds from maturities, prepayments and calls		57,443		61,040
Gross realized gains		2		7
Gross realized losses		—		—

Additionally, the change in the fair value of equity securities and sale of equity securities resulted in a net loss of $154 and a net gain of $76 for the three months ended March 31, 2022 and 2021, respectively.

The following tables show gross unrealized losses for which an allowance for credit losses has not been recorded at March 31, 2022 and December 31, 2021, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position:


	March 31, 2022
	Less than 12 months				12 months or more				Total
	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
U.S. government agency securities	$	38,882	$	(2,133)	$	—	$	—	$	38,882	$	(2,133)
Mortgage-backed securities - residential	961,993		(70,839)		175,988		(17,726)		1,137,981		(88,565)
Mortgage-backed securities - commercial	9,647		(445)		—		—		9,647		(445)
Municipal securities	192,546		(11,844)		1,030		(199)		193,576		(12,043)
U.S. Treasury securities	47,918		(1,744)		—		—		47,918		(1,744)
Corporate securities	6,896		(235)		—		—		6,896		(235)
Total	$	1,257,882	$	(87,240)	$	177,018	$	(17,925)	$	1,434,900	$	(105,165)


	December 31, 2021
	Less than 12 months				12 months or more				Total
	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized loss
U.S. government agency securities	$	18,360	$	(171)	$	—	$	—	$	18,360	$	(171)
Mortgage-backed securities - residential	$	871,368	$	(14,295)	$	102,799	$	(3,690)	$	974,167	$	(17,985)
Mortgage-backed securities - commercial	7,946		(46)		—		—		7,946		(46)
Municipal securities	11,414		(160)		—		—		11,414		(160)
U.S. Treasury securities	14,908		(6)		—		—		14,908		(6)
Corporate securities	4,119		(25)		—		—		4,119		(25)
Total	$	928,115	$	(14,703)	$	102,799	$	(3,690)	$	1,030,914	$	(18,393)

As of March 31, 2022 and December 31, 2021, the Company’s securities portfolio consisted of 514 and 511 securities, 321 and 80 of which were in an unrealized loss position, respectively.

During the three months ended March 31, 2022, the Company's available-for-sale debt securities portfolio unrealized value declined $105.6 million to an unrealized loss position of $100.9 million from an unrealized gain position of $4.7 million as of December 31, 2021. During the three months ended March 31, 2021, the Company's available-for-sale debt securities portfolio declined $15.4 million to an unrealized gain position of $19.2 million from an unrealized gain position of $34.6 million as of December 31, 2020. The majority of the investment portfolio was either government guaranteed or an issuance of a government sponsored entity or highly rated by major credit rating agencies and the Company has historically not recorded any losses associated with these investments. As such, as of March 31, 2022 and December 31, 2021, it was determined that all available-for-sale debt securities that experienced a decline in fair value below amortized cost basis were due to noncredit-related factors. Therefore, there was no provision for credit losses recognized on available-for-sale debt securities during the three months ended March 31, 2022 or 2021.

Loans and Allowance for Credit Losses

3 Months Ended

Mar. 31, 2022

Receivables [Abstract]

Loans and Allowance for Credit Losses

Loans and allowance for credit losses:

Loans outstanding as of March 31, 2022 and December 31, 2021, by class of financing receivable are as follows:


	March 31,		December 31,
	2022		2021
Commercial and industrial (1)	$	1,380,600	$	1,290,565
Construction	1,468,811		1,327,659
Residential real estate:
1-to-4 family mortgage	1,346,349		1,270,467
Residential line of credit	392,740		383,039
Multi-family mortgage	400,501		326,551
Commercial real estate:
Owner occupied	978,436		951,582
Non-owner occupied	1,706,546		1,730,165
Consumer and other	330,993		324,634
Gross loans	8,004,976		7,604,662
Less: Allowance for credit losses	(120,049)		(125,559)
Net loans	$	7,884,927	$	7,479,103

(1)Includes $2,062 and $3,990 of loans originated as part of the Paycheck Protection Program as of March 31, 2022 and December 31, 2021, respectively. PPP loans are federally guaranteed as part of the CARES Act, provided PPP loan recipients receive loan forgiveness under the SBA regulations. As such, there is minimal credit risk associated with these loans.

As of March 31, 2022 and December 31, 2021, $1,001,027 and $1,136,294, respectively, of qualifying residential mortgage loans (including loans held for sale) and $1,530,928 and $1,581,673, respectively, of qualifying commercial mortgage loans were pledged to the Federal Home Loan Bank of Cincinnati securing advances against the Bank’s line of credit. Additionally, as of March 31, 2022 and December 31, 2021, qualifying loans of $2,719,096 and $2,440,097, respectively, were pledged to the Federal Reserve Bank under the Borrower-in-Custody program.

The components of amortized cost for loans on the consolidated balance sheets exclude accrued interest receivable as the Company presents accrued interest receivable separately on the balance sheet. As of March 31, 2022 and December 31, 2021, accrued interest receivable on loans held for investment was $31,746 and $31,676, respectively.

Allowance for Credit Losses

The Company calculates its expected credit loss using a lifetime loss rate methodology. The Company utilizes probability-weighted forecasts, which consider multiple macroeconomic variables from a third-party vendor that are applicable to the type of loan. Each of the Company's loss rate models incorporate forward-looking macroeconomic projections throughout the reasonable and supportable forecast period and the subsequent historical reversion at the macroeconomic variable input level. In order to estimate the life of a loan, the contractual term of the loan is adjusted for estimated prepayments based on market information and the Company’s prepayment history.

The Company's loss rate models estimate the lifetime loss rate for pools of loans by combining the calculated loss rate based on each variable within the model (including the macroeconomic variables). The lifetime loss rate for the pool is then multiplied by the loan balances to determine the expected credit losses on the pool.

The Company considers the need to qualitatively adjust its modeled quantitative expected credit loss estimate for information not already captured in the model loss estimation process. These qualitative factor adjustments may increase or decrease the Company’s estimate of expected credit losses. The Company reviews the qualitative adjustments so as to validate that information that has already been considered and included in the modeled quantitative loss estimation process is not also included in the qualitative adjustment. The Company considers the qualitative factors that are relevant to the institution as of the reporting date, which may include, but are not limited to: levels of and trends in delinquencies and performance of loans; levels of and trends in write-offs and recoveries collected; trends in volume and terms of loans; effects of any changes in reasonable and supportable economic forecasts; effects of any changes in risk selection and underwriting standards; other changes in lending policies, procedures, and practices; experience, ability, and depth of lending management and expertise; available relevant information sources that contradict the Company’s own forecast; effects of changes in prepayment expectations or other factors affecting assessments of loan contractual terms; industry conditions; and effects of changes in credit concentrations.

The quantitative models require loan data and macroeconomic variables based on the inherent credit risks in each portfolio to more accurately measure the credit risks associated with each. Each of the quantitative models pools loans with similar risk characteristics and collectively assesses the lifetime loss rate for each pool to estimate its expected credit loss.

When a loan no longer shares similar risk characteristics with other loans in any given pool, the loan is individually assessed. The Company has determined the following circumstances in which a loan may require an individual evaluation: collateral dependent loans; loans for which foreclosure is probable; and loans with other unique risk characteristics. A loan is deemed collateral dependent when 1) the borrower is experiencing financial difficulty and 2) the repayment is expected to be primarily through sale or operation of the collateral. The allowance for credit losses for collateral dependent loans as well as loans where foreclosure is probable is calculated as the amount for which the loan’s amortized cost basis exceeds fair value. Fair value is determined based on appraisals performed by qualified appraisers and reviewed by qualified personnel. In cases where repayment is to be provided substantially through the sale of collateral, the Company reduces the fair value by the estimated costs to sell. Loans experiencing financial difficulty for which a concession has not yet been provided may be identified as reasonably expected TDRs.

Reasonably expected TDRs and TDRs use the same methodology. In cases where the expected credit loss can only be captured through a discounted cash flow analysis (such as an interest rate modification for a TDR loan), the allowance is measured by the amount which the loan’s amortized cost exceeds the discounted cash flow analysis.

The Company performed qualitative evaluations within the Company's established qualitative framework, weighting the impact of the current economic outlook (including inflation, employment and supply chain concerns), status of federal government stimulus programs, and other considerations, in order to identify specific industries or borrowers seeing credit improvement or deterioration specific to the COVID-19 pandemic. The decrease in estimated required reserve during the three months ended March 31, 2022 was a result of improving macroeconomic variables incorporated into the Company's reasonable and supportable forecasts when compared to December 31, 2021.

The following tables provide the changes in the allowance for credit losses by class of financing receivable for the three months ended March 31, 2022 and 2021:


	Commercial and industrial		Construction		1-to-4 family residential mortgage		Residential line of credit		Multi-family residential mortgage		Commercial real estate owner occupied		Commercial real estate non-owner occupied		Consumer and other		Total








Three Months Ended March 31, 2022
Beginning balance - December 31, 2021	$	15,751	$	28,576	$	19,104	$	5,903	$	6,976	$	12,593	$	25,768	$	10,888	$	125,559


Provision for credit losses	(4,006)		3,206		1,908		641		(578)		(4,187)		(4,478)		1,365		(6,129)
Recoveries of loans previously charged-off	958		—		12		1		—		10		—		217		1,198
Loans charged off	(4)		—		—		—		—		—		—		(575)		(579)


Ending balance - March 31, 2022	$	12,699	$	31,782	$	21,024	$	6,545	$	6,398	$	8,416	$	21,290	$	11,895	$	120,049


	Commercial and industrial		Construction		1-to-4 family residential mortgage		Residential line of credit		Multi-family residential mortgage		Commercial real estate owner occupied		Commercial real estate non-owner occupied		Consumer and other		Total







Three Months Ended March 31, 2021
Beginning balance - December 31, 2020	$	14,748	$	58,477	$	19,220	$	10,534	$	7,174	$	4,849	$	44,147	$	11,240	$	170,389


Provision for credit losses	43		(19,826)		461		(1,257)		4,483		(1,253)		6,032		(315)		(11,632)
Recoveries of loans previously charged-off	129		—		24		6		—		13		—		195		367
Loans charged off	(277)		(29)		(133)		(15)		—		—		—		(716)		(1,170)


Ending balance - March 31, 2021	$	14,643	$	38,622	$	19,572	$	9,268	$	11,657	$	3,609	$	50,179	$	10,404	$	157,954

Credit Quality - Commercial Loans

The Company categorizes commercial loan types into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes loans that share similar risk characteristics collectively. Loans that do not share similar risk characteristics are evaluated individually.

The Company uses the following definitions for risk ratings:


			Pass.			Loans rated Pass include those that are adequately collateralized performing loans which management believes do not have conditions that have occurred or may occur that would result in the loan being downgraded into an inferior category. The Pass category also includes commercial loans rated as Watch, which include those that management believes have conditions that have occurred, or may occur, which could result in the loan being downgraded to an inferior category.




			Special Mention.			Loans rated Special Mention are those that have potential weakness that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or in the institution’s credit position at some future date. Management does not believe there will be a loss of principal or interest. These loans require intensive servicing and may possess more than normal credit risk.




			Classified.			Loans included in the Classified category include loans rated as Substandard and Doubtful. Loans rated as Substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Substandard loans have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Also included in this category are loans classified as Doubtful, which have all the weaknesses inherent in those classified as Substandard, with the added characteristic that the weakness or weaknesses make collection or liquidation in full, based on currently existing facts, conditions, and values, highly questionable and improbable.

Risk ratings are updated on an ongoing basis and are subject to change by continuous loan monitoring processes.

During the first quarter of 2022, the Company revised the presentation of the below credit quality vintage tables without change to accounting or credit policies. The updated presentation disaggregates between commercial and consumer loan types with consumer loans reported as either performing or nonperforming based on delinquency and accrual status. As such, the tables presented below as of December 31, 2021 have been revised to align with current period presentation.

The following tables present the credit quality of our commercial loan portfolio by year of origination as of March 31, 2022 and December 31, 2021. Revolving loans are presented separately. Management considers the guidance in ASC 310-20 when determining whether a modification, extension, or renewal constitutes a current period origination. Generally, current period renewals of credit are reunderwritten at the point of renewal and considered current period originations for the purposes of the tables below.


As of March 31, 2022
	Commercial Term Loans
	Amortized Cost Basis by Origination Year
	2022		2021		2020		2019		2018		Prior		Revolving Loans Amortized Cost Basis		Total
Commercial and industrial
Pass	$	86,753	$	262,073	$	84,369	$	123,038	$	46,230	$	80,906	$	656,672	$	1,340,041
Special Mention	27		50		—		941		616		1,494		12,570		15,698
Classified	—		900		2,285		2,269		2,933		9,576		6,898		24,861

Total	86,780		263,023		86,654		126,248		49,779		91,976		676,140		1,380,600


Construction - Commercial
Pass	103,294		322,557		179,337		111,794		17,366		63,846		47,864		846,058
Special Mention	—		—		10		—		—		2,579		—		2,589
Classified	—		—		—		3,078		—		679		201		3,958

Total	103,294		322,557		179,347		114,872		17,366		67,104		48,065		852,605


Residential real estate:

Multi-family mortgage
Pass	53,167		190,584		32,964		64,201		5,124		42,130		11,104		399,274
Special Mention	—		—		—		—		—		—		—		—
Classified	—		—		—		—		—		1,227		—		1,227

Total	53,167		190,584		32,964		64,201		5,124		43,357		11,104		400,501



Commercial real estate:
Owner occupied
Pass	53,495		178,092		127,649		164,620		78,970		293,791		56,543		953,160
Special Mention	—		—		30		1,492		3,200		2,325		210		7,257
Classified	—		—		—		3,089		1,667		12,285		978		18,019

Total	53,495		178,092		127,679		169,201		83,837		308,401		57,731		978,436


Non-owner occupied
Pass	80,277		439,956		126,299		157,806		257,327		568,790		55,375		1,685,830
Special Mention	—		—		—		3,687		249		985		—		4,921
Classified	—		—		—		—		3,460		12,335		—		15,795

Total	80,277		439,956		126,299		161,493		261,036		582,110		55,375		1,706,546





Total commercial loans
Pass	376,986		1,393,262		550,618		621,459		405,017		1,049,463		827,558		5,224,363
Special Mention	27		50		40		6,120		4,065		7,383		12,780		30,465
Classified	—		900		2,285		8,436		8,060		36,102		8,077		63,860

Total commercial loans	$	377,013	$	1,394,212	$	552,943	$	636,015	$	417,142	$	1,092,948	$	848,415	$	5,318,688


As of December 31, 2021
	Commercial Term Loans
	Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans Amortized Cost Basis		Total
Commercial and industrial
Pass	$	273,232	$	95,279	$	140,938	$	52,162	$	33,997	$	57,020	$	596,667	$	1,249,295
Special Mention	79		9		949		632		3		1,519		12,367		15,558
Classified	918		2,391		2,376		3,089		3,370		6,425		7,143		25,712

Total	274,229		97,679		144,263		55,883		37,370		64,964		616,177		1,290,565


Construction - Commercial
Pass	335,758		164,428		112,985		18,374		14,965		64,516		43,748		754,774
Special Mention	—		11		—		—		1,208		1,384		—		2,603
Classified	—		—		2,922		2,882		3		737		200		6,744

Total	335,758		164,439		115,907		21,256		16,176		66,637		43,948		764,121


Residential real estate:

Multi-family mortgage
Pass	166,576		32,242		64,345		7,124		5,602		38,526		10,891		325,306
Special Mention	—		—		—		—		—		—		—		—
Classified	—		—		—		—		—		1,245		—		1,245

Total	166,576		32,242		64,345		7,124		5,602		39,771		10,891		326,551



Commercial real estate:
Owner occupied
Pass	170,773		131,471		174,257		83,698		69,939		236,998		57,123		924,259
Special Mention	—		—		1,502		3,541		885		2,555		213		8,696
Classified	—		—		3,102		768		3,295		9,616		1,846		18,627

Total	170,773		131,471		178,861		88,007		74,119		249,169		59,182		951,582


Non-owner occupied
Pass	462,478		154,048		165,917		264,855		170,602		414,859		46,541		1,679,300
Special Mention	—		—		3,747		3,388		—		969		—		8,104
Classified	—		—		1,898		23,849		1,506		15,508		—		42,761

Total	462,478		154,048		171,562		292,092		172,108		431,336		46,541		1,730,165


Total commercial loans
Pass	1,408,817		577,468		658,442		426,213		295,105		811,919		754,970		4,932,934
Special Mention	79		20		6,198		7,561		2,096		6,427		12,580		34,961
Classified	918		2,391		10,298		30,588		8,174		33,531		9,189		95,089
Total commercial loans	$	1,409,814	$	579,879	$	674,938	$	464,362	$	305,375	$	851,877	$	776,739	$	5,062,984

Credit Quality - Consumer Loans

For consumer and residential loan classes, the company primarily evaluates credit quality based on delinquency and accrual status of the loan, credit documentation and by payment activity. The performing or nonperforming status is updated on an on-going basis dependent upon improvement and deterioration in credit quality.

The following tables present the credit quality by classification (performing or nonperforming) of our consumer loan portfolio by year of origination as of March 31, 2022 and December 31, 2021. Revolving loans are presented separately. Management considers the guidance in ASC 310-20 when determining whether a modification, extension, or renewal constitutes a current period origination. Generally, current period renewals of credit are reunderwritten at the point of renewal and considered current period originations for the purposes of the tables below.


As of March 31, 2022
	Consumer Term Loans
	Amortized Cost Basis by Origination Year
	2022		2021		2020		2019		2018		Prior		Revolving Loans Amortized Cost Basis		Total
Construction - Consumer
Performing	$	63,687	$	345,094	$	87,761	$	18,312	$	5,815	$	4,328	$	91,209	$	616,206
Nonperforming	—		—		—		—		—		—		—		—
Total	63,687		345,094		87,761		18,312		5,815		4,328		91,209		616,206

Residential real estate:
1-to-4 family mortgage
Performing	161,778		500,544		184,028		113,736		89,201		282,039		—		1,331,326
Nonperforming	—		3,240		2,970		1,144		2,577		5,092		—		15,023
Total	161,778		503,784		186,998		114,880		91,778		287,131		—		1,346,349

Residential line of credit
Performing	—		—		—		—		—		—		391,163		391,163
Nonperforming	—		—		—		—		—		—		1,577		1,577
Total	—		—		—		—		—		—		392,740		392,740

Consumer and other
Performing	33,831		72,033		51,086		36,589		31,037		92,155		9,004		325,735
Nonperforming	—		330		442		518		1,541		2,427		—		5,258
Total	33,831		72,363		51,528		37,107		32,578		94,582		9,004		330,993

Total consumer loans
Performing	259,296		917,671		322,875		168,637		126,053		378,522		491,376		2,664,430
Nonperforming	—		3,570		3,412		1,662		4,118		7,519		1,577		21,858
Total consumer loans	$	259,296	$	921,241	$	326,287	$	170,299	$	130,171	$	386,041	$	492,953	$	2,686,288


As of December 31, 2021
	Consumer Term Loans
	Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans Amortized Cost Basis		Total
Construction - Consumer
Performing	$	341,562	$	116,352	$	22,783	$	5,542	$	348	$	3,302	$	73,428	$	563,317
Nonperforming	—		221		—		—		—		—		—		221
Total	341,562		116,573		22,783		5,542		348		3,302		73,428		563,538

Residential real estate:
1-to-4 family mortgage
Performing	521,533		204,690		121,775		100,164		109,087		199,262		—		1,256,511
Nonperforming	1,232		3,734		977		2,429		1,765		3,819		—		13,956
Total	522,765		208,424		122,752		102,593		110,852		203,081		—		1,270,467

Residential line of credit
Performing	—		—		—		—		—		—		381,303		381,303
Nonperforming	—		—		—		—		—		—		1,736		1,736
Total	—		—		—		—		—		—		383,039		383,039

Consumer and other
Performing	82,910		55,123		38,281		32,893		21,856		74,248		14,478		319,789
Nonperforming	199		345		545		1,352		861		1,496		47		4,845
Total	83,109		55,468		38,826		34,245		22,717		75,744		14,525		324,634

Total consumer loans
Performing	946,005		376,165		182,839		138,599		131,291		276,812		469,209		2,520,920
Nonperforming	1,431		4,300		1,522		3,781		2,626		5,315		1,783		20,758
Total consumer loans	$	947,436	$	380,465	$	184,361	$	142,380	$	133,917	$	282,127	$	470,992	$	2,541,678

Nonaccrual and Past Due Loans

Nonperforming loans include loans that are no longer accruing interest (nonaccrual loans) and loans past due ninety or more days and still accruing interest.

The following tables represent an analysis of the aging by class of financing receivable as of March 31, 2022 and December 31, 2021:


March 31, 2022	30-89 days past due		90 days or more and accruing interest		Non-accrual loans		Loans current on payments and accruing interest		Total
Commercial and industrial	$	1,543	$	58	$	3,882	$	1,375,117	$	1,380,600
Construction	2,622		—		679		1,465,510		1,468,811
Residential real estate:
1-to-4 family mortgage	13,508		11,724		3,299		1,317,818		1,346,349
Residential line of credit	536		—		1,577		390,627		392,740
Multi-family mortgage	—		—		48		400,453		400,501
Commercial real estate:
Owner occupied	415		—		6,989		971,032		978,436
Non-owner occupied	986		—		7,185		1,698,375		1,706,546
Consumer and other	4,305		1,091		4,167		321,430		330,993
Total	$	23,915	$	12,873	$	27,826	$	7,940,362	$	8,004,976


December 31, 2021	30-89 days past due		90 days or more and accruing interest		Non-accrual loans		Loans current on payments and accruing interest		Total
Commercial and industrial	$	1,030	$	63	$	1,520	$	1,287,952	$	1,290,565
Construction	4,852		718		3,622		1,318,467		1,327,659
Residential real estate:
1-to-4 family mortgage	11,007		9,363		4,593		1,245,504		1,270,467
Residential line of credit	319		—		1,736		380,984		383,039
Multi-family mortgage	—		—		49		326,502		326,551
Commercial real estate:
Owner occupied	1,417		—		6,710		943,455		951,582
Non-owner occupied	427		—		14,084		1,715,654		1,730,165
Consumer and other	7,398		1,591		3,254		312,391		324,634
Total	$	26,450	$	11,735	$	35,568	$	7,530,909	$	7,604,662

The following tables provide the amortized cost basis of loans on non-accrual status, as well as any related allowance as of March 31, 2022 and December 31, 2021 by class of financing receivable.



March 31, 2022	Non-accrual with no related allowance		Non-accrual with related allowance		Related allowance
Commercial and industrial	$	1,420	$	2,462	$	1,781
Construction	—		679		85
Residential real estate:
1-to-4 family mortgage	130		3,169		49
Residential line of credit	1,051		526		7
Multi-family mortgage	—		48		2
Commercial real estate:
Owner occupied	4,346		2,643		84
Non-owner occupied	7,006		179		22
Consumer and other	—		4,167		211
Total	$	13,953	$	13,873	$	2,241


December 31, 2021	Non-accrual with no related allowance		Non-accrual with related allowance		Related allowance

Commercial and industrial	$	1,085	$	435	$	6
Construction	2,882		740		99
Residential real estate:
1-to-4 family mortgage	378		4,215		60
Residential line of credit	797		939		11
Multi-family mortgage	—		49		2
Commercial real estate:
Owner occupied	5,346		1,364		206
Non-owner occupied	13,898		186		7
Consumer and other	—		3,254		164
Total	$	24,386	$	11,182	$	555

The following presents interest income recognized on nonaccrual loans for the three months ended March 31, 2022 and 2021:


	Three Months Ended March 31,
	2022		2021
Commercial and industrial	$	54	$	114
Construction	19		14
Residential real estate:
1-to-4 family mortgage	52		18
Residential line of credit	40		18
Multi-family mortgage	—		1
Commercial real estate:
Owner occupied	25		131
Non-owner occupied	70		89
Consumer and other	15		—
Total	$	275	$	385

Accrued interest receivable written off as an adjustment to interest income amounted to $184 and $465 for the three months ended March 31, 2022 and 2021, respectively.

Troubled debt restructurings

As of March 31, 2022 and December 31, 2021, the Company had a recorded investment in TDRs of $20,601 and $32,435, respectively. The modifications included extensions of the maturity date and/or a stated rate of interest to one lower than the current market rate to borrowers experiencing financial difficulty. Of these loans, $13,722 and $11,084 were classified as non-accrual loans as of March 31, 2022 and December 31, 2021, respectively. The Company has calculated $1,994 and $1,245 in allowances for credit losses on TDRs as of March 31, 2022 and December 31, 2021, respectively. There were no significant unfunded loan commitments to extend additional funds on troubled debt restructurings as of March 31, 2022 or December 31, 2021.

The following tables present the financial effect of TDRs recorded during the periods indicated:


Three Months Ended March 31, 2022	Number of loans	Pre-modification outstanding recorded investment		Post-modification outstanding recorded investment		Charge offs and specific reserves





Residential real estate:
1-to-4 family mortgage	1	$	80	$	80	$	—


Consumer and other	1	22		22		—
Total	2	$	102	$	102	$	—


Three Months Ended March 31, 2021	Number of loans	Pre-modification outstanding recorded investment		Post-modification outstanding recorded investment		Charge offs and specific reserves
Commercial and industrial	1	$	107	$	107	$	—

Commercial real estate:

Non-owner occupied	1	11,997		11,997		—



Total	2	$	12,104	$	12,104	$	—

Troubled debt restructurings for which there was a payment default within twelve months following the modification totaled $304 during the three months ended March 31, 2022. There were no loans modified as troubled debt restructurings for which there was a payment default within twelve months following the modification during the three months ended March 31, 2021. A loan is considered to be in payment default once it is 90 days contractually past due under the modified terms.

In order to determine whether a borrower is experiencing financial difficulty, an evaluation is performed of the probability that the borrower will be in payment default on any of its debt in the foreseeable future without the modification. This evaluation is performed under the Company’s internal underwriting policy. The terms of certain other loans were modified during the three months ended March 31, 2022 and 2021 that did not meet the definition of a TDR. The modification of these loans usually involve either a modification of the terms of a loan to borrowers who are not experiencing financial difficulties or an insignificant delay in payments.

Collateral Dependent Loans

For loans for which the repayment (based on the Company's assessment) is expected to be provided substantially through the operation or sale of collateral and the borrower is experiencing financial difficulty, the following tables present the loans and the corresponding individually assessed allowance for credit losses by class of financing receivable. Significant changes in individually assessed reserves are due to changes in the valuation of the underlying collateral in addition to changes in accrual and past due status.


	March 31, 2022
	Type of Collateral
	Real Estate		Financial Assets and Equipment		Total		Individually assessed allowance for credit loss
Commercial and industrial	$	689	$	3,324	$	4,013	$	1,776
Construction	685		—		685		84
Residential real estate:
1-to-4 family mortgage	344		—		344		—
Residential line of credit	1,367		—		1,367		5

Commercial real estate:
Owner occupied	8,470		—		8,470		80
Non-owner occupied	7,006		—		7,006		—
Consumer and other	25		—		25		1
Total	$	18,586	$	3,324	$	21,910	$	1,946


	December 31, 2021
	Type of Collateral
	Real Estate		Financial Assets and Equipment		Total		Individually assessed allowance for credit loss
Commercial and industrial	$	799	$	1,090	$	1,889	$	—
Construction	3,580		—		3,580		92
Residential real estate:
1-to-4 family mortgage	338		—		338		—
Residential line of credit	1,400		—		1,400		10

Commercial real estate:
Owner occupied	8,117		71		8,188		200
Non-owner occupied	13,899		—		13,899		—
Consumer and other	25		—		25		1
Total	$	28,158	$	1,161	$	29,319	$	303

Other Real Estate Owned

3 Months Ended

Mar. 31, 2022

Real Estate [Abstract]

Other Real Estate Owned

Other real estate owned

The amount reported as other real estate owned includes property acquired through foreclosure in addition to excess facilities held for sale and is carried at fair value less estimated cost to sell the property. The following table summarizes the other real estate owned for the three months ended March 31, 2022 and 2021:


	Three Months Ended
	March 31,
		2022		2021
Balance at beginning of period		$	9,777	$	12,111
Transfers from loans		563		1,395


Proceeds from sale of other real estate owned		(121)		(2,495)
(Loss) gain on sale of other real estate owned		(104)		828
Loans provided for sales of other real estate owned		—		(330)
Write-downs and partial liquidations		(394)		(332)

Balance at end of period		$	9,721	$	11,177

Foreclosed residential real estate properties totaled $1,193 and $775 as of March 31, 2022 and December 31, 2021, respectively. The recorded investment in residential mortgage loans secured by residential real estate properties for which foreclosure proceedings are in process totaled $230 at March 31, 2022. As of December 31, 2021, there were no such residential foreclosure proceedings in process.

Excess land and facilities held for sale resulting from branch consolidations totaled $3,029 and $3,348 as of March 31, 2022 and December 31, 2021, respectively.

Leases

3 Months Ended

Mar. 31, 2022

Leases [Abstract]

Leases

Leases:

As of March 31, 2022, the Company was the lessee in 53 operating leases and 1 finance lease of certain branch, mortgage and operations locations, of which 41 operating leases and 1 finance lease currently have remaining terms varying from greater than one year to 33 years. Leases with initial terms of less than one year are not recorded on the consolidated balance sheets. The Company also does not include equipment leases and leases in which the Company is the lessor on the consolidated balance sheets as these are insignificant.

Many leases include one or more options to renew, with renewal terms that can extend the lease up to an additional 20 years or more. Certain lease agreements contain provisions to periodically adjust rental payments for inflation. Renewal options that management is reasonably certain to renew and fixed rent escalations are included in the right-of-use asset and lease liability.

During the year ended December 31, 2020, the Company entered into a lease for a new corporate headquarters building located in downtown Nashville. The building is currently under construction and anticipated to be completed in late 2022. Upon commencement, the Company estimates recording a ROU asset and operating lease liability of approximately $29,000 and $30,000, respectively, in connection with this lease.

Information related to the Company's leases is presented below as of March 31, 2022 and December 31, 2021:


		March 31,			December 31,
	Classification	2022			2021
Right-of-use assets:
Operating leases	Operating lease right-of-use assets	$	41,037		$	41,686
Finance leases	Premises and equipment, net	1,450			1,487
Total right-of-use assets		$	42,487		$	43,173
Lease liabilities:
Operating leases	Operating lease liabilities	$	45,528		$	46,367
Finance leases	Borrowings	1,488			1,518
Total lease liabilities		$	47,016		$	47,885
Weighted average remaining lease term (in years) - operating		12.3			12.4
Weighted average remaining lease term (in years) - finance		13.1			13.4
Weighted average discount rate - operating		2.72		%	2.73		%
Weighted average discount rate - finance		1.76		%	1.76		%

The components of total lease expense included in the consolidated statements of income were as follows:


		Three Months Ended
		March 31,
	Classification		2022		2021
Operating lease costs:
Amortization of right-of-use asset	Occupancy and equipment		$	1,710	$	1,939
Short-term lease cost	Occupancy and equipment		111		87
Variable lease cost	Occupancy and equipment		256		235
Lease impairment	Occupancy and equipment		—		38
Gain on lease modifications and terminations	Occupancy and equipment		(18)		—
Finance lease costs:
Interest on lease liabilities	Interest expense on borrowings		9		6
Amortization of right-of-use asset	Occupancy and equipment		37		28

Total lease cost			$	2,105	$	2,333

During the three months ended March 31, 2022, the Company recorded a gain of $18 due to an early lease termination. Additionally, during the three months ended March 31, 2021, the Company recorded $38 in lease modification and impairment on certain vacated locations that were consolidated as a result of previous acquisitions.

The Company does not separate lease and non-lease components and instead elects to account for them as a single lease component. Variable lease cost primarily represents variable payments such as common area maintenance, utilities, and property taxes.

A maturity analysis of operating and finance lease liabilities and a reconciliation of undiscounted cash flows to the total lease liability as of March 31, 2022 is as follows:


	Operating		Finance
	Leases		Lease
Lease payments due:
March 31, 2023	$	5,542	$	87
March 31, 2024	5,959		118
March 31, 2025	5,140		120
March 31, 2026	4,823		121
March 31, 2027	4,700		123
Thereafter	28,730		1,102
Total undiscounted future minimum lease payments	54,894		1,671
Less: imputed interest	(9,366)		(183)
Lease liability	$	45,528	$	1,488

Leases

Leases:

As of March 31, 2022, the Company was the lessee in 53 operating leases and 1 finance lease of certain branch, mortgage and operations locations, of which 41 operating leases and 1 finance lease currently have remaining terms varying from greater than one year to 33 years. Leases with initial terms of less than one year are not recorded on the consolidated balance sheets. The Company also does not include equipment leases and leases in which the Company is the lessor on the consolidated balance sheets as these are insignificant.

Many leases include one or more options to renew, with renewal terms that can extend the lease up to an additional 20 years or more. Certain lease agreements contain provisions to periodically adjust rental payments for inflation. Renewal options that management is reasonably certain to renew and fixed rent escalations are included in the right-of-use asset and lease liability.

During the year ended December 31, 2020, the Company entered into a lease for a new corporate headquarters building located in downtown Nashville. The building is currently under construction and anticipated to be completed in late 2022. Upon commencement, the Company estimates recording a ROU asset and operating lease liability of approximately $29,000 and $30,000, respectively, in connection with this lease.

Information related to the Company's leases is presented below as of March 31, 2022 and December 31, 2021:


		March 31,			December 31,
	Classification	2022			2021
Right-of-use assets:
Operating leases	Operating lease right-of-use assets	$	41,037		$	41,686
Finance leases	Premises and equipment, net	1,450			1,487
Total right-of-use assets		$	42,487		$	43,173
Lease liabilities:
Operating leases	Operating lease liabilities	$	45,528		$	46,367
Finance leases	Borrowings	1,488			1,518
Total lease liabilities		$	47,016		$	47,885
Weighted average remaining lease term (in years) - operating		12.3			12.4
Weighted average remaining lease term (in years) - finance		13.1			13.4
Weighted average discount rate - operating		2.72		%	2.73		%
Weighted average discount rate - finance		1.76		%	1.76		%

The components of total lease expense included in the consolidated statements of income were as follows:


		Three Months Ended
		March 31,
	Classification		2022		2021
Operating lease costs:
Amortization of right-of-use asset	Occupancy and equipment		$	1,710	$	1,939
Short-term lease cost	Occupancy and equipment		111		87
Variable lease cost	Occupancy and equipment		256		235
Lease impairment	Occupancy and equipment		—		38
Gain on lease modifications and terminations	Occupancy and equipment		(18)		—
Finance lease costs:
Interest on lease liabilities	Interest expense on borrowings		9		6
Amortization of right-of-use asset	Occupancy and equipment		37		28

Total lease cost			$	2,105	$	2,333

During the three months ended March 31, 2022, the Company recorded a gain of $18 due to an early lease termination. Additionally, during the three months ended March 31, 2021, the Company recorded $38 in lease modification and impairment on certain vacated locations that were consolidated as a result of previous acquisitions.

The Company does not separate lease and non-lease components and instead elects to account for them as a single lease component. Variable lease cost primarily represents variable payments such as common area maintenance, utilities, and property taxes.

A maturity analysis of operating and finance lease liabilities and a reconciliation of undiscounted cash flows to the total lease liability as of March 31, 2022 is as follows:


	Operating		Finance
	Leases		Lease
Lease payments due:
March 31, 2023	$	5,542	$	87
March 31, 2024	5,959		118
March 31, 2025	5,140		120
March 31, 2026	4,823		121
March 31, 2027	4,700		123
Thereafter	28,730		1,102
Total undiscounted future minimum lease payments	54,894		1,671
Less: imputed interest	(9,366)		(183)
Lease liability	$	45,528	$	1,488

Mortgage Servicing Rights

3 Months Ended

Mar. 31, 2022

Transfers and Servicing of Financial Assets [Abstract]

Mortgage Servicing Rights

Mortgage servicing rights:

Changes in the Company’s mortgage servicing rights were as follows for the three months ended March 31, 2022 and 2021:


	Three Months Ended March 31,
		2022		2021


Carrying value at beginning of period		$	115,512	$	79,997
Capitalization		9,812		11,594





Change in fair value:
Due to pay-offs/pay-downs		(4,471)		(9,321)
Due to change in valuation inputs or assumptions		23,822		21,922
Carrying value at end of period		$	144,675	$	104,192

The following table summarizes servicing income and expense, which are included in 'Mortgage banking income' and 'Other noninterest expense', respectively, within the Mortgage segment operating results for the three months ended March 31, 2022 and 2021:


	Three Months Ended March 31,
		2022		2021
Servicing income:
Servicing income		$	7,429	$	6,931
Change in fair value of mortgage servicing rights		19,351		12,601
Change in fair value of derivative hedging instruments		(19,098)		(17,864)
Servicing income		7,682		1,668
Servicing expenses		2,548		2,532
Net servicing income (loss)(1)		$	5,134	$	(864)

(1) Excludes benefit of custodial servicing related noninterest-bearing deposits held by the Bank.

Data and key economic assumptions related to the Company’s mortgage servicing rights as of March 31, 2022 and December 31, 2021 are as follows:


	March 31,			December 31,
	2022			2021
Unpaid principal balance	$	11,150,118		$	10,759,286
Weighted-average prepayment speed (CPR)	6.41		%	9.31		%
Estimated impact on fair value of a 10% increase	$	(5,077)		$	(4,905)
Estimated impact on fair value of a 20% increase	$	(9,734)		$	(9,429)
Discount rate	8.68		%	9.81		%
Estimated impact on fair value of a 100 bp increase	$	(6,456)		$	(4,785)
Estimated impact on fair value of a 200 bp increase	$	(12,378)		$	(9,198)
Weighted-average coupon interest rate	3.20		%	3.23		%
Weighted-average servicing fee (basis points)	27			27
Weighted-average remaining maturity (in months)	330			330

The Company economically hedges the mortgage servicing rights portfolio with various derivative instruments to offset changes in the fair value of the related mortgage servicing rights. See Note 9, "Derivatives" for additional information on these hedging instruments.

As of March 31, 2022 and December 31, 2021, mortgage escrow deposits totaled to $131,147 and $127,617, respectively.

- Definition

The entire disclosure for a transferor's continuing involvement in financial assets that it has transferred in a securitization or asset-backed financing arrangement, the nature of any restrictions on assets reported by an entity in its statement of financial position that relate to a transferred financial asset (including the carrying amounts of such assets), how servicing assets and servicing liabilities are reported, and (for securitization or asset-backed financing arrangements accounted for as sales) when a transferor has continuing involvement with the transferred financial assets and transfers of financial assets accounted for as secured borrowings, how the transfer of financial assets affects an entity's financial position, financial performance, and cash flows.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 30
-Section 50
-Paragraph 1A
-Subparagraph (c)(3)
-URI http://asc.fasb.org/extlink&oid=109249958&loc=SL6224234-111729

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 30
-Section 50
-Paragraph 1A
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=109249958&loc=SL6224234-111729

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 20
-Section 50
-Paragraph 3
-Subparagraph (b)(2)(ii)
-URI http://asc.fasb.org/extlink&oid=121570589&loc=d3e107207-111719

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 20
-Section 50
-Paragraph 3
-Subparagraph (cc)
-URI http://asc.fasb.org/extlink&oid=121570589&loc=d3e107207-111719

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 50
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=125521744&loc=d3e122596-111746

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 50
-Section 50
-Paragraph 3
-Subparagraph (a)(5)
-URI http://asc.fasb.org/extlink&oid=125521744&loc=d3e122625-111746

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 20
-Section 50
-Paragraph 4D
-Subparagraph (c)(3)
-URI http://asc.fasb.org/extlink&oid=121570589&loc=SL51823488-111719

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 20
-Section 50
-Paragraph 3
-Subparagraph (b)(2)(i)
-URI http://asc.fasb.org/extlink&oid=121570589&loc=d3e107207-111719

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 50
-Section 50
-Paragraph 4
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=125521744&loc=d3e122739-111746

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 20
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=121570589&loc=d3e107207-111719

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 30
-Section 50
-Paragraph 7
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=109249958&loc=SL34722452-111729

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 50
-Section 50
-Paragraph 3
-Subparagraph (a)(4)(ii)
-URI http://asc.fasb.org/extlink&oid=125521744&loc=d3e122625-111746

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 20
-Section 50
-Paragraph 4
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=121570589&loc=d3e107314-111719

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 50
-Section 50
-Paragraph 3
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=125521744&loc=d3e122625-111746

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 20
-Section 50
-Paragraph 4
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121570589&loc=d3e107314-111719

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-URI http://asc.fasb.org/topic&trid=2197590

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 50
-Section 50
-Paragraph 4
-Subparagraph (a)(7)
-URI http://asc.fasb.org/extlink&oid=125521744&loc=d3e122739-111746

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 20
-Section 50
-Paragraph 4
-Subparagraph (a)(5)(ii)
-URI http://asc.fasb.org/extlink&oid=121570589&loc=d3e107314-111719

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 50
-Section 50
-Paragraph 2
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=125521744&loc=d3e122596-111746

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 50
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=125521744&loc=d3e122596-111746

+ Details

Income Taxes

3 Months Ended

Mar. 31, 2022

Income Tax Disclosure [Abstract]

Income Taxes

Income taxes:

An allocation of federal and state income taxes between current and deferred portions is presented below:








	Three Months Ended March 31,
	2022		2021
Current	$	—	$	5,949
Deferred	9,313		9,639
Total	$	9,313	$	15,588

The following table presents a reconciliation of federal income taxes at the statutory federal rate of 21% to the Company's effective tax rates for the three months ended March 31, 2022 and 2021:


















	Three Months Ended March 31,
	2022				2021
Federal taxes calculated at statutory rate	$	9,355	21.0	%	$	14,377	21.0	%
Increase (decrease) resulting from:
State taxes, net of federal benefit	951		2.1	%	1,750		2.6	%
(Benefit) expense from equity based compensation	(291)		(0.7)	%	(221)		(0.3)	%
Municipal interest income, net of interest disallowance	(444)		(1.0)	%	(424)		(0.6)	%
Bank-owned life insurance	(74)		(0.2)	%	(84)		(0.1)	%


Section 162(m) limitation	122		0.3	%	227		0.3	%
Other	(306)		(0.6)	%	(37)		(0.1)	%
Income tax expense, as reported	$	9,313	20.9	%	$	15,588	22.8	%

The Company is subject to Internal Revenue Code Section 162(m), which limits the deductibility of compensation paid to certain individuals. It is the Company’s policy to apply the Section 162(m) limitations to stock-based compensation first and then followed by cash compensation. As a result of the vesting of these units and cash compensation paid to date, the Company has disallowed a portion of its compensation paid to the applicable individuals.

The components of the net deferred tax (liabilities) assets at March 31, 2022 and December 31, 2021, are as follows:


	March 31,		December 31,
	2022		2021
Deferred tax assets:
Allowance for credit losses	$	34,146	$	35,233
Operating lease liabilities	12,251		12,478
Net operating loss	3,644		1,370
Amortization of core deposit intangibles	53		—
Deferred compensation	2,243		5,484
Unrealized loss on debt securities	26,158		—

Unrealized loss on cash flow hedges	—		205
Other assets	7,684		8,301
Subtotal	86,179		63,071
Deferred tax liabilities:
FHLB stock dividends	$	(484)	$	(484)
Operating leases - right of use assets	(11,111)		(11,287)
Depreciation	(7,930)		(7,938)
Amortization of core deposit intangibles	—		(116)
Unrealized gain on equity securities	(2,167)		(2,407)
Unrealized gain on cash flow hedges	(68)		—
Unrealized gain on debt securities	—		(1,324)
Mortgage servicing rights	(37,696)		(30,098)
Goodwill	(14,276)		(13,743)
Other liabilities	(2,699)		(2,494)
Subtotal	(76,431)		(69,891)
Net deferred tax assets (liabilities)	$	9,748	$	(6,820)

The Company had a net operating loss carryforward generated as a result of a previous acquisition amounting to $6,523 as of both March 31, 2022 and December 31, 2021. The net operating loss carryforward can be used to offset taxable income in future periods and reduce income tax liabilities in those future periods. While net operating losses are subject to certain annual utilization limits under Section 382, the Company believes the net operating loss carryforwards will be realized based on the projected annual limitation and the length of the net operating loss carryover period. The Company's determination of the realization of the net deferred tax asset is based on its assessment of all available positive and negative evidence. The net operating loss carryforward expires on December 31, 2029.

During the three months ended March 31, 2022, the Company generated a federal net operating loss carryforward of $6,602 and state net operating loss carryforward of $17,560. While the federal loss has no expiration period and the state loss may have varying expiration periods, the Company expects to generate sufficient taxable income to utilize the loss generated.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 17
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 270
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-URI http://asc.fasb.org/topic&trid=2144680

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Commitments and Contingencies

3 Months Ended

Mar. 31, 2022

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Commitments and contingencies:

Some financial instruments, such as loan commitments, credit lines, letters of credit, and overdraft protection, are issued to meet customer financing needs. These are agreements to provide credit or to support the credit of others, as long as conditions established in the contract are met, and usually have expiration dates.

Commitments may expire without being used. Off-balance sheet risk of credit loss exists up to the face amount of these instruments, although material losses are not anticipated. The same credit policies are used to make such commitments as are used for loans, including obtaining collateral at exercise of the commitment.


	March 31,		December 31,
	2022		2021
Commitments to extend credit, excluding interest rate lock commitments	$	3,202,550	$	3,106,594
Letters of credit	77,877		77,427
Balance at end of period	$	3,280,427	$	3,184,021

As of March 31, 2022 and December 31, 2021, loan commitments included above with floating interest rates totaled $2.40 billion and $2.26 billion, respectively.

The Company estimates expected credit losses on off-balance sheet loan commitments that are not accounted for as derivatives under the CECL methodology. When applying this methodology, the Company considers the likelihood that funding will occur, the contractual period of exposure to credit loss, the risk of loss, historical loss experience, and current conditions along with expectations of future economic conditions.

The table below presents activity within the allowance for credit losses on unfunded commitments included in accrued expenses and other liabilities on the Company's consolidated balance sheets for the three months ended March 31, 2022 and 2021:


	Three Months Ended March 31,
		2022		2021
Balance at beginning of period		$	14,380	$	16,378


Provision for credit losses on unfunded commitments		1,882		(2,222)
Balance at end of period		$	16,262	$	14,156

In connection with the sale of mortgage loans to third party investors, the Company makes usual and customary representations and warranties as to the propriety of its origination activities. Occasionally, the investors require the Company to repurchase loans sold to them under the terms of the warranties. When this happens, the loans are recorded at fair value with a corresponding charge to a valuation reserve. The total principal amount of loans repurchased (or indemnified for) was $1,348 and $708 for the three months ended March 31, 2022 and 2021, respectively. The Company has established a reserve associated with loan repurchases.

The following table summarizes the activity in the repurchase reserve included in accrued expenses and other liabilities on the Company's consolidated balance sheets:


	Three Months Ended March 31,
		2022		2021
Balance at beginning of period		$	4,802	$	5,928
Provision for loan repurchases or indemnifications		(389)		440

Losses on loans repurchased or indemnified		(96)		(84)
Balance at end of period		$	4,317	$	6,284

Derivatives

3 Months Ended

Mar. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivatives

Derivatives:

The Company utilizes derivative financial instruments as part of its ongoing efforts to manage its interest rate risk exposure as well as the exposure for its customers. Derivative financial instruments are included in the consolidated balance sheets line items “Other assets” or “Other liabilities” at fair value in accordance with ASC 815, “Derivatives and Hedging.”

Derivatives not designated as hedging instruments

The Company enters into commitments to originate loans whereby the interest rate on the loan is determined prior to funding (rate-lock commitments). Under such commitments, interest rates for mortgage loans are typically locked in for between 45 to 90 days with the customer. These interest rate lock commitments are recorded at fair value in the Company’s consolidated balance sheets. The Company also enters into best effort or mandatory delivery forward commitments to sell residential mortgage loans to secondary market investors. Gains and losses arising from changes in the valuation of the rate-lock commitments and forward commitments are recognized currently in earnings and are reflected under the line item “Mortgage banking income” on the consolidated statements of income.

The Company enters into forward commitments, futures and options contracts as economic hedges to offset the changes in fair value of Mortgage servicing rights. Gains and losses associated with these instruments are included in earnings and are reflected under the line item “Mortgage banking income” on the consolidated statements of income.

Additionally, the Company enters into derivative instruments to help its commercial customers manage their exposure to interest rate fluctuations. To mitigate the interest rate risk associated with customer contracts, the Company enters into an offsetting derivative contract. The Company manages its credit risk, or potential risk of default by its commercial customers through credit limit approval and monitoring procedures.

The following tables provide details on the Company’s non-designated derivative financial instruments as of the dates presented:


	March 31, 2022
	Notional Amount		Asset		Liability

Interest rate contracts	$	587,309	$	23,245	$	23,195
Forward commitments	805,000		12,921		—
Interest rate-lock commitments	541,560		1,752		—
Futures contracts	382,000		—		4,754

Total	$	2,315,869	$	37,918	$	27,949


	December 31, 2021
	Notional Amount		Asset		Liability

Interest rate contracts	$	600,048	$	19,265	$	19,138
Forward commitments	1,180,000		—		1,077
Interest rate-lock commitments	487,396		7,197		—
Futures contracts	429,000		922		—

Total	$	2,696,444	$	27,384	$	20,215

Gains (losses) included in the consolidated statements of income related to the Company’s non-designated derivative financial instruments were as follows:


	Three Months Ended March 31,
		2022		2021
Included in mortgage banking income:
Interest rate lock commitments		$	(5,446)	$	(21,442)
Forward commitments		37,903		43,258
Futures contracts		(16,535)		(16,332)
Option contracts		36		—
Total		$	15,958	$	5,484

Derivatives designated as cash flow hedges

The Company also maintains two interest rate swap agreements with notional amounts totaling $30,000 used to hedge interest rate exposure on outstanding subordinated debentures included in long-term debt totaling $30,930. Under these agreements, the Company receives a variable rate of interest equal to 3-month LIBOR and pays a weighted average fixed rate of interest of 2.08%. Upon the cessation of LIBOR in June 2023, the rate will convert to SOFR plus an adjustment in accordance with market standards. The interest rate swap contracts, which mature in June of 2024, are designated as cash flow hedges with the objective of reducing the variability in cash flows resulting from changes in interest rates.

The following presents a summary of the Company's designated cash flow hedges as of the dates presented:

March 31, 2022

December 31, 2021

Notional Amount

Estimated fair value

Balance sheet location

Estimated fair value

Balance sheet location

Interest rate swap agreements-
subordinated debt

$

30,000

$

262

Other assets

$

(785)

Accrued expenses and other liabilities

During the three months ended March 31, 2022 and 2021, the Company's consolidated statements of income included losses of $139 and $137, respectively, in interest expense on borrowings related to these cash flow hedges. The cash flow hedges were effective during the periods presented and as a result qualified for hedge accounting treatment. As such, no amounts were reclassified from accumulated other comprehensive (loss) income into earnings during either period presented.

The following discloses the amount included in other comprehensive income, net of tax, for derivative instruments designated as cash flow hedges for the periods presented:


	Three Months Ended March 31,
		2022		2021

Amount of gain recognized in other comprehensive (loss) income, net of tax expense of $273 and $112		$	774	$	316

Derivatives designated as fair value hedges

During the three months ended March 31, 2022, the Company entered into three designated fair value hedges to mitigate the effect of changing rates on the fair value of various fixed rate liabilities, including certain money market deposits and subordinated debt. The hedging strategy converts the fixed interest rates of the hedged items to the daily compounded SOFR in arrears paid monthly. For derivative instruments that are designated and qualify as a fair value hedge, the gain or loss on the derivative instrument as well as the offsetting loss or gain on the hedged asset or liability attributable to the hedged risk are recognized in current earnings. The gain or loss on the derivative instrument is presented on the same income statement line item as the earnings effect of the hedged item. As of March 31, 2022, the fair value hedges were deemed effective.


	March 31, 2022
	Notional Amount		Remaining Maturity (In Years)	Receive Fixed Rate	Pay Floating Rate	Estimated fair value
Derivatives included in other liabilities:
Interest rate swap agreement- subordinated debt	$	100,000	1.92	1.45625%	SOFR	$	(1,333)
Interest rate swap agreement- fixed rate money market deposits	75,000		2.39	1.49500%	SOFR	(1,405)
Interest rate swap agreement- fixed rate money market deposits	125,000		2.39	1.49500%	SOFR	(2,342)
Total	$	300,000	2.23	1.48208%		$	(5,080)

During the three months ended March 31, 2022, the Company recognized income of $162 and $313 included in interest expense on borrowings and deposits, respectively, related to these fair value hedging instruments.

The following amounts were recorded on the balance sheet related to cumulative adjustments for fair value hedges as of March 31, 2022:


Line item on the balance sheet	Carrying Amount of the Hedged Item		Cumulative Decrease in Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Item

Borrowings	$	97,378		(1)	$	(1,333)
Money market and savings deposits	205,415			(2)	(3,747)

(1) The carrying value also includes unamortized subordinated debt issuance costs of $1,289.

(2) The carrying value also includes and purchase accounting fair value premium of $9,162.

Certain financial instruments, including derivatives, may be eligible for offset in the consolidated balance sheets when the “right of offset” exists or when the instruments are subject to an enforceable master netting agreement, which includes the right of the non-defaulting party or non-affected party to offset recognized amounts, including collateral posted with the counterparty, to determine a net receivable or net payable upon early termination of the agreement. Certain of the Company’s derivative instruments are subject to master netting agreements, however the Company has not elected to offset such financial instruments in the consolidated balance sheets. The following table presents the Company's gross derivative positions as recognized in the consolidated balance sheets as well as the net derivative positions, including collateral pledged to the extent the application of such collateral did not reduce the net derivative liability position below zero, had the Company elected to offset those instruments subject to an enforceable master netting agreement:


	Offsetting Derivative Assets				Offsetting Derivative Liabilities
	March 31, 2022		December 31, 2021		March 31, 2022		December 31, 2021
Gross amounts recognized	$	18,895	$	4,990	$	12,134	$	15,733
Gross amounts offset in the consolidated balance sheets	—		—		—		—
Net amounts presented in the consolidated balance sheets	18,895		4,990		12,134		15,733

Gross amounts not offset in the consolidated balance sheets
Less: financial instruments	9,681		4,297		9,681		4,297
Less: financial collateral pledged	—		—		2,453		11,436
Net amounts	$	9,214	$	693	$	—	$	—

Most derivative contracts with clients are secured by collateral. Additionally, in accordance with the interest rate agreements with derivatives dealers, the Company may be required to post margin to these counterparties. As of March 31, 2022 and December 31, 2021, the Company had minimum collateral posting thresholds with certain derivative counterparties and had collateral posted of $52,221 and $57,868, respectively, against its obligations under these agreements. Cash pledged as collateral on derivative contracts is recorded in other assets on the consolidated balance sheets.

Fair Value of Financial Instruments

3 Months Ended

Mar. 31, 2022

Fair Value Disclosures [Abstract]

Fair Value of Financial Instruments

Fair value of financial instruments:

FASB ASC 820-10 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820-10 also establishes a framework for measuring the fair value of assets and liabilities according to a hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets and liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The hierarchy maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs that market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that are derived from assumptions based on management’s estimate of assumptions that market participants would use in pricing the asset or liability based on the best information available under the circumstances.

The hierarchy is broken down into the following three levels, based on the reliability of inputs:

Level 1: Unadjusted quoted prices in active markets for identical assets or liabilities that are accessible at the measurement date.

Level 2: Significant other observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active or other inputs that are observable or can be corroborated by observable market data.

Level 3: Significant unobservable inputs for assets or liabilities that are derived from assumptions based on management’s estimate of assumptions that market participants would use in pricing the assets or liabilities.

The Company records the fair values of financial assets and liabilities on a recurring and non-recurring basis using the following methods and assumptions:


Investment Securities						Investment securities are recorded at fair value on a recurring basis. Fair values for securities are based on quoted market prices, where available. If quoted prices are not available, fair values are based on quoted market prices of similar instruments or are determined by matrix pricing, which is a mathematical technique widely used in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the pricing relationship or correlation among other benchmark quoted securities. Investment securities valued using quoted market prices of similar instruments or that are valued using matrix pricing are classified as Level 2. When significant inputs to the valuation are unobservable, the available-for-sale securities are classified within Level 3 of the fair value hierarchy. Where no active market exists for a security or other benchmark securities, fair value is estimated by the Company with reference to discount margins for other high-risk securities.

Loans held for sale						Loans held for sale are carried at fair value. Fair value is determined using current secondary market prices for loans with similar characteristics for the mortgage portfolio, that is, using Level 2 inputs. Commercial loans held for sale's fair value is determined using an income approach with various assumptions including expected cash flows, market discount rates, credit metrics and collateral value when appropriate. As such, these are considered Level 3.

Derivatives						The fair value of the Company's interest rate swap agreements to facilitate customer transactions are based upon fair values provided from entities that engage in interest rate swap activity and is based upon projected future cash flows and interest rates. The fair value of interest rate lock commitments associated with the mortgage pipeline is based on fees currently charged to enter into similar agreements, and for fixed-rate commitments, the difference between current levels of interest rates and the committed rates is also considered. The fair values of the Company's designated cash flow and fair value hedges are determined by calculating the difference between the discounted fixed rate cash flows and the discounted variable rate cash flows. The fair values of both the Company's hedges, including designated cash flow hedges and designated fair value hedges are based on pricing models that utilize observable market inputs. These financial instruments are classified as Level 2.

OREO						OREO is comprised of commercial and residential real estate obtained in partial or total satisfaction of loan obligations and excess land and facilities held for sale. OREO acquired in settlement of indebtedness is recorded at the lower of the carrying amount of the loan or the fair value of the real estate less costs to sell. Fair value is determined on a nonrecurring basis based on appraisals by qualified licensed appraisers and is adjusted for management’s estimates of costs to sell and holding period discounts. The valuations are classified as Level 3.



Mortgage servicing rights						MSRs are carried at fair value. Fair value is determined using an income approach with various assumptions including expected cash flows, market discount rates, prepayment speeds, servicing costs, and other factors. As such, MSRs are considered Level 3.

Collateral dependent loans						Collateral dependent loans are loans for which, based on current information and events, the Company has determined foreclosure of the collateral is probable, or where the borrower is experiencing financial difficulty and the Company expects repayment of the loan to be provided substantially through the operation or sale of the collateral and it is probable that the creditor will be unable to collect all amounts due according to the contractual terms of the loan agreement. Collateral dependent loans are classified as Level 3.

The following table contains the estimated fair values and the related carrying values of the Company's financial instruments. Items which are not financial instruments are not included.


			Fair Value
March 31, 2022	Carrying amount		Level 1		Level 2		Level 3		Total
Financial assets:
Cash and cash equivalents	$	1,743,311	$	1,743,311	$	—	$	—	$	1,743,311
Investment securities	1,686,738		—		1,686,738		—		1,686,738

Loans, net	7,884,927		—		—		7,872,659		7,872,659
Loans held for sale	396,728		—		318,549		78,179		396,728
Interest receivable	39,069		101		6,806		32,162		39,069
Mortgage servicing rights	144,675		—		—		144,675		144,675
Derivatives	38,180		—		38,180		—		38,180
Financial liabilities:
Deposits:
Without stated maturities	$	9,940,962	$	9,940,962	$	—	$	—	$	9,940,962
With stated maturities	1,055,316		—		1,060,935		—		1,060,935
Securities sold under agreement to repurchase and federal funds sold	25,937		25,937		—		—		25,937

Subordinated debt	128,308		—		—		129,742		129,742

Interest payable	1,476		124		960		392		1,476
Derivatives	33,029		—		33,029		—		33,029


	Fair Value
December 31, 2021	Carrying amount		Level 1		Level 2		Level 3		Total
Financial assets:
Cash and cash equivalents	$	1,797,740	$	1,797,740	$	—	$	—	$	1,797,740
Investment securities	1,681,892		—		1,681,892		—		1,681,892

Loans, net	7,479,103		—		—		7,566,717		7,566,717
Loans held for sale	752,223		—		672,924		79,299		752,223
Interest receivable	38,528		36		6,461		32,031		38,528
Mortgage servicing rights	115,512		—		—		115,512		115,512
Derivatives	27,384		—		27,384		—		27,384
Financial liabilities:
Deposits:
Without stated maturities	$	9,705,816	$	9,705,816	$	—	$	—	$	9,705,816
With stated maturities	1,131,081		—		1,137,647		—		1,137,647
Securities sold under agreement to repurchase and federal funds sold	40,716		40,716		—		—		40,716

Subordinated debt	129,544		—		—		133,021		133,021

Interest payable	3,162		140		1,510		1,512		3,162
Derivatives	21,000		—		21,000		—		21,000

The balances and levels of the assets measured at fair value on a recurring basis at March 31, 2022 are presented in the following table:


At March 31, 2022	Quoted prices in active markets for identical assets (liabilities) (level 1)		Significant other observable inputs (level 2)		Significant unobservable inputs (level 3)		Total
Recurring valuations:
Financial assets:
Available-for-sale securities:
U.S. government agency securities	$	—	$	38,882	$	—	$	38,882
Mortgage-backed securities - residential	—		1,232,256		—		1,232,256
Mortgage-backed securities - commercial	—		14,307		—		14,307
Municipal securities	—		310,138		—		310,138
Treasury securities	—		80,173		—		80,173
Corporate securities	—		7,769		—		7,769
Equity securities	—		3,213		—		3,213
Total securities	$	—	$	1,686,738	$	—	$	1,686,738
Loans held for sale	$	—	$	318,549	$	78,179	$	396,728
Mortgage servicing rights	—		—		144,675		144,675
Derivatives	—		38,180		—		38,180
Financial Liabilities:
Derivatives	—		33,029		—		33,029

The balances and levels of the assets measured at fair value on a non-recurring basis at March 31, 2022 are presented in the following table:


At March 31, 2022	Quoted prices in active markets for identical assets (liabilities (level 1)		Significant other observable inputs (level 2)		Significant unobservable inputs (level 3)		Total
Non-recurring valuations:
Financial assets:
Other real estate owned	$	—	$	—	$	1,836	$	1,836
Collateral dependent loans:
Commercial and industrial	$	—	$	—	$	11	$	11
Construction	—		—		601		601
Residential real estate:

Residential line of credit	—		—		311		311

Commercial real estate:
Owner occupied	—		—		2,140		2,140

Consumer and other	—		—		24		24
Total collateral dependent loans	$	—	$	—	$	3,087	$	3,087

The balances and levels of the assets measured at fair value on a recurring basis at December 31, 2021 are presented in the following table:


At December 31, 2021	Quoted prices in active markets for identical assets (liabilities) (level 1)		Significant other observable inputs (level 2)		Significant unobservable inputs (level 3)		Total
Recurring valuations:
Financial assets:
Available-for-sale securities:
U.S. government agency securities	$	—	$	33,870	$	—	$	33,870
Mortgage-backed securities - residential	—		1,269,372		—		1,269,372
Mortgage-backed securities - commercial	—		15,250		—		15,250
Municipal securities	—		338,610		—		338,610
Treasury securities	—		14,908		—		14,908
Corporate securities	—		6,515		—		6,515
Equity securities	—		3,367		—		3,367
Total securities	$	—	$	1,681,892	$	—	$	1,681,892
Loans held for sale	$	—	$	672,924	$	79,299	$	752,223
Mortgage servicing rights	—		—		115,512		115,512
Derivatives	—		27,384		—		27,384
Financial Liabilities:
Derivatives	—		21,000		—		21,000

The balances and levels of the assets measured at fair value on a non-recurring basis at December 31, 2021 are presented in the following table:


At December 31, 2021	Quoted prices in active markets for identical assets (liabilities) (level 1)		Significant other observable inputs (level 2)		Significant unobservable inputs (level 3)		Total
Non-recurring valuations:
Financial assets:
Other real estate owned	$	—	$	—	$	6,308	$	6,308
Collateral dependent loans:

Construction	—		—		606		606
Residential real estate:

Residential line of credit	—		—		592		592
Commercial real estate:
Owner occupied	—		—		729		729
Non-owner occupied	—		—		3,526		3,526
Consumer and other	—		—		24		24
Total collateral dependent loans	$	—	$	—	$	5,477	$	5,477

The following tables present information as of March 31, 2022 and December 31, 2021 about significant unobservable inputs (Level 3) used in the valuation of assets measured at fair value on a nonrecurring basis:

As of March 31, 2022

Financial instrument

Fair Value

Valuation technique

Significant
unobservable inputs

Range of
inputs

Collateral dependent loans

$

3,087

Valuation of collateral

Discount for comparable sales

10%-35%

Other real estate owned

$

1,836

Appraised value of property less costs to sell

Discount for costs to sell

0%-15%

As of December 31, 2021

Financial instrument

Fair Value

Valuation technique

Significant
unobservable inputs

Range of
inputs

Collateral dependent loans

$

5,477

Valuation of collateral

Discount for comparable sales

10%-35%

Other real estate owned

$

6,308

Appraised value of property less costs to sell

Discount for costs to sell

0%-15%

For collateral dependent loans, the ACL is measured based on the difference between the fair value of the collateral and the amortized cost basis of the loan as of the measurement date. Fair value of the loan's collateral is determined by third-party appraisals, which are then adjusted for estimated selling and closing costs related to liquidation of the collateral. Collateral dependent loans are reviewed and evaluated on at least a quarterly basis for additional impairment and adjusted accordingly, based on changes in market conditions from the time of valuation and management's knowledge of the borrower and borrower's business. As of March 31, 2022 and December 31, 2021, total amortized cost of collateral dependent loans measured on a non-recurring basis amounted to $5,034 and $5,781, respectively.

Other real estate owned acquired in settlement of indebtedness is recorded at fair value of the real estate less estimated costs to sell. Subsequently, it may be necessary to record nonrecurring fair value adjustments for declines in fair value. Any write-downs based on the asset's fair value at the date of foreclosure are charged to the allowance for credit losses. Appraisals for both collateral dependent loans and other real estate owned are performed by certified general appraisers (for commercial properties) or certified residential appraisers (for residential properties) whose qualifications and licenses have been reviewed and verified by the Company. Once received, a member of the lending administrative department reviews the assumptions and approaches utilized in the appraisal as well as the overall resulting fair value in comparison with independent data sources such as recent market data or industry wide statistics. Collateral dependent loans that are dependent on recovery through sale of equipment, such as farm equipment, automobiles and aircrafts are generally valued based on public source pricing or subscription services while more complex assets are valued through leveraging brokers who have expertise in the collateral involved.

Fair value option

The following table summarizes the Company's loans held for sale, at fair value, as of the dates presented:


	March 31,		December 31,
	2022		2021
Commercial and industrial	$	78,179	$	79,299
Residential real estate:
1-4 family mortgage	318,549		672,924
Total loans held for sale	$	396,728	$	752,223

Mortgage loans held for sale

The Company measures mortgage loans originated for sale at fair value under the fair value option as permitted under ASC 825, "Financial Instruments" ("ASC 825"). Electing to measure these assets at fair value reduces certain timing differences and more accurately matches the changes in fair value of the loans with changes in the fair value of derivative instruments used to economically hedge them.

Net losses of $16,874 and $20,716 resulting from fair value changes of mortgage loans were recorded in income during the three months ended March 31, 2022 and 2021, respectively. The amount does not reflect changes in fair values of related derivative instruments used to hedge exposure to market-related risks associated with these mortgage loans. The change in fair value of both loans held for sale and the related derivative instruments are recorded in Mortgage Banking Income in the consolidated statements of income. Election of the fair value option allows the Company to reduce the accounting volatility that would otherwise result from the asymmetry created by accounting for the financial instruments at the lower of cost or fair value and the derivatives at fair value.

Government National Mortgage Association optional repurchase programs allow financial institutions to buy back individual delinquent mortgage loans that meet certain criteria from the securitized loan pool for which the institution provides servicing and was the original transferor. At the servicer’s option and without GNMA’s prior authorization, the servicer may repurchase such a delinquent loan for an amount equal to 100 percent of the remaining principal balance of

the loan. Under FASB ASC Topic 860, “Transfers and Servicing,” this buy-back option is considered a conditional option until the delinquency criteria are met, at which time the option becomes unconditional. When the Company is deemed to have regained effective control over these loans under the unconditional buy-back option, the loans can no longer be reported as sold and must be brought back onto the balance sheet, regardless of whether the Company intends to exercise the buy-back option if the buyback option provides the transferor a more-than-trivial benefit. As of March 31, 2022, and December 31, 2021, there were $70,672 and $94,648, respectively, of delinquent GNMA loans previously sold that the Company did not record on its consolidated balance sheets as the Company determined there not to be a more-than-trivial benefit based on an analysis of interest rates and an assessment of potential reputational risk associated with these loans.

The Company’s valuation of mortgage loans held for sale incorporates an assumption for credit risk; however, given the short-term period that the Company holds these mortgage loans held for sale, valuation adjustments attributable to instrument-specific credit risk is nominal.

Commercial loans held for sale

The Company also has a portfolio of shared national credits and institutional healthcare loans that were acquired during 2020 in the acquisition of Franklin. These commercial loans are also being measured under the fair value option. As such, these loans are excluded from the allowance for credit losses. The following tables sets forth the changes in fair value associated with this portfolio for the three months ended March 31, 2022 and 2021.











	Three Months Ended March 31, 2022
	Principal Balance		Fair Value Discount		Fair Value
Carrying value at beginning of period	$	86,762	$	(7,463)	$	79,299
Change in fair value:
Pay-downs and pay-offs	(946)		—		(946)
Write-offs to discount	—		—		—
Changes in valuation included in other noninterest income	—		(174)		(174)
Carrying value at end of period	$	85,816	$	(7,637)	$	78,179


	Three Months Ended March 31, 2021
	Principal balance		Fair Value discount		Fair Value
Carrying value at beginning of period	$	239,063	$	(23,660)	$	215,403

Change in fair value:
Pay-downs and pay-offs	(39,566)		—		(39,566)
Write-offs to discount	(2,007)		2,007		—
Changes in valuation included in other noninterest income	—		(853)		(853)
Carrying value at end of period	$	197,490	$	(22,506)	$	174,984

Interest income on loans held for sale measured at fair value is accrued as it is earned based on contractual rates and is reflected in interest income in the consolidated statements of income.

The following table summarizes the differences between the fair value and the principal balance for loans held for sale and nonaccrual loans measured at fair value as of March 31, 2022 and December 31, 2021:


March 31, 2022	Aggregate fair value		Aggregate Unpaid Principal Balance		Difference
Mortgage loans held for sale measured at fair value	$	318,549	$	320,516	$	(1,967)
Commercial loans held for sale measured at fair value	73,092		76,028		(2,936)

Nonaccrual commercial loans held for sale	5,087		9,788		(4,701)

December 31, 2021
Mortgage loans held for sale measured at fair value	$	672,924	$	658,017	$	14,907
Commercial loans held for sale measured at fair value	74,082		76,863		(2,781)

Nonaccrual commercial loans held for sale	5,217		9,899		(4,682)

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Segment Reporting

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Segment Reporting

Segment reporting:

The Company and the Bank are engaged in the business of banking and provide a full range of financial services. The Company determines reportable segments based on the significance of the segment’s operating results to the overall Company, the products and services offered, customer characteristics, processes and service delivery of the segments and the regular financial performance review and allocation of resources by the Chief Executive Officer, the Company’s chief operating decision maker. The Company has identified two distinct reportable segments—Banking and Mortgage. The Company’s primary segment is Banking, which provides a full range of deposit and lending products and services to corporate, commercial and consumer customers. For periods prior to and for the three months ended March 31, 2022, the Company offered conforming residential mortgage loans and services through two delivery channels: retail and our national Direct-to-Consumer internet delivery channel. Additionally, the Mortgage segment activities include the servicing of residential mortgage loans and the packaging and securitization of loans to governmental agencies. The Company’s mortgage division represents a distinct reportable segment which differs from the Company’s primary business of commercial and retail banking.

The financial performance of the Mortgage segment is assessed based on results of operations reflecting direct revenues and expenses and allocated expenses. This approach gives management a better indication of the operating performance of the segment. When assessing the Banking segment’s financial performance, the CEO utilizes reports with indirect revenues and expenses including but not limited to the investment portfolio, electronic delivery channels and areas that primarily support the banking segment operations. Therefore, these are included in the results of the Banking segment. Other indirect revenue and expenses related to general administrative areas are also included in the internal financial results reports of the Banking segment utilized by the CEO for analysis and are thus included for Banking segment reporting. The Mortgage segment utilizes funding sources from the Banking segment in order to fund mortgage loans that are ultimately sold on the secondary market and uses proceeds from loan sales to repay obligations due to the Banking segment.

On May 10, 2022, the Company announced the restructuring of its Mortgage segment, including the discontinuation of the Direct-to-Consumer delivery channel, which is one of two delivery channels in the Mortgage segment. For the three months ended March 31, 2022 and 2021, the Direct-to-Consumer channel comprised 43.4% and 50.2% of the Company's total interest rate lock volume and 50.7% and 52.8% of the Company's sales volume, respectively. As a result of exiting this channel, the Company expects to incur total pre-tax restructuring charges of approximately $11,000 to $13,000 through the remainder of 2022 and to halt operations in this channel prior to the fourth quarter of 2022. The Company plans to continue originating and selling residential mortgage loans within its Mortgage segment through its traditional mortgage retail channel, retain mortgage servicing rights and continue holding residential 1-4 family mortgage loans in the loan portfolio.

The following tables provide segment financial information for three months ended March 31, 2022 and 2021 as follows:


Three Months Ended March 31, 2022	Banking		Mortgage		Consolidated
Net interest income	$	88,184	$	(2)	$	88,182
Provisions for credit losses(1)	(4,247)		—		(4,247)
Mortgage banking income(2)	—		29,278		29,278
Change in fair value of mortgage servicing rights, net of hedging(2)	—		253		253
Other noninterest income	11,983		(122)		11,861
Depreciation and amortization	1,710		326		2,036
Amortization of intangibles	1,244		—		1,244

Other noninterest expense	56,630		29,362		85,992
Income (loss) before income taxes	$	44,830	$	(281)	$	44,549
Income tax expense					9,313
Net income applicable to FB Financial Corporation and noncontrolling interest					35,236
Net income applicable to noncontrolling interest(3)					—
Net income applicable to FB Financial Corporation					$	35,236
Total assets	$	11,890,847	$	783,344	$	12,674,191
Goodwill	242,561		—		242,561

(1)Included $1,882 in provision for credit losses on unfunded commitments.

(2)Change in fair value of mortgage servicing rights, net of hedging is included in mortgage banking income in the Company's consolidated statements of income.

(3)Banking segment includes noncontrolling interest.


Three Months Ended March 31, 2021	Banking		Mortgage		Consolidated
Net interest income	$	82,597	$	(21)	$	82,576
Provisions for credit losses(1)	(13,854)		—		(13,854)
Mortgage banking income(2)	—		60,595		60,595
Change in fair value of mortgage servicing rights, net of hedging(2)	—		(5,263)		(5,263)
Other noninterest income	11,398		—		11,398
Depreciation and amortization	1,728		328		2,056
Amortization of intangibles	1,440		—		1,440

Other noninterest expense	52,567		38,635		91,202
Income before income taxes	$	52,114	$	16,348	$	68,462
Income tax expense					15,588


Net income applicable to FB Financial Corporation and noncontrolling interest					52,874
Net income applicable to noncontrolling interest(4)					—
Net income applicable to FB Financial Corporation					$	52,874
Total assets	$	10,787,955	$	1,147,871	$	11,935,826
Goodwill	242,561		—		242,561

(1)Includes $2,222 in provision for credit losses on unfunded commitments.

(2)Change in fair value of mortgage servicing rights, net of hedging is included in mortgage banking income in the Company's consolidated statements of income.

(3)Banking segment includes noncontrolling interest.

Our Banking segment provides our Mortgage segment with a warehouse line of credit that is used to fund mortgage loans held for sale. The warehouse line of credit, which is eliminated in consolidation, is limited based on interest income earned by the Mortgage segment. The amount of interest paid by our Mortgage segment to our Banking segment under this warehouse line of credit is recorded as interest income to our Banking segment and as interest expense to our Mortgage segment, both of which are included in the calculation of net interest income for each segment. The amount of interest paid by our Mortgage segment to our Banking segment under this warehouse line of credit was $5,666 and $5,400 for the three months ended March 31, 2022 and 2021, respectively.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

+ Details

Minimum Capital Requirements

3 Months Ended

Mar. 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 March 31, 2022 and December 31, 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 March 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	$	1,456,669	14.2	%		$	1,077,296	10.5	%	N/A		N/A
FirstBank	1,413,849		13.8	%		1,075,838		10.5	%	$	1,024,608	10.0	%
Tier 1 Capital (to risk-weighted assets)
FB Financial Corporation	$	1,264,358	12.3	%		$	872,096	8.5	%	N/A		N/A
FirstBank	1,221,538		11.9	%		870,917		8.5	%	$	819,686	8.0	%
Tier 1 Capital (to average assets)
FB Financial Corporation	$	1,264,358	10.2	%		$	497,942	4.0	%	N/A		N/A
FirstBank	1,221,538		9.8	%		497,337		4.0	%	$	621,671	5.0	%
Common Equity Tier 1 Capital (to risk-weighted assets)
FB Financial Corporation	$	1,234,358	12.0	%		$	718,197	7.0	%	N/A		N/A
FirstBank	1,221,538		11.9	%		717,226		7.0	%	$	665,995	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	%

- Definition

The entire disclosure for regulatory capital requirement for depository and lending institutions. Institutions include, but not are not limited to, finance company, insured depository institution, bank holding company, savings and loan association holding company, bank and savings institution not federally insured, mortgage company, foreign financial institution and credit union.

+ References + Details

Stock-Based Compensation

3 Months Ended

Mar. 31, 2022

Share-based Payment Arrangement [Abstract]

Stock-Based Compensation

Stock-Based Compensation:

Restricted Stock Units

The Company grants RSUs under compensation arrangements for the benefit of employees, executive officers, and directors. RSU grants are subject to time-based vesting. The total number of restricted stock units granted represents the maximum number of restricted stock units eligible to vest based upon the service conditions set forth in the grant agreements.

The following table summarizes information about the changes in restricted stock units for the three months ended March 31, 2022:




	Restricted Stock Units Outstanding	Weighted Average Grant Date Fair Value
Balance at beginning of period	492,320	$	36.06
Granted	123,709	44.43
Vested	(101,057)	33.61
Forfeited	(3,372)	39.70
Balance at end of period	511,600	$	38.56

The total fair value of restricted stock units vested and released was $3,397 and $4,364 for the three months ended March 31, 2022 and 2021, respectively.

The compensation cost related to stock grants and vesting of restricted stock units was $1,856 and $2,466 for the three months ended March 31, 2022 and 2021, respectively. This included costs related to director grants and compensation elected to be settled in stock amounting to $166 and $157 for the three months ended March 31, 2022 and 2021, respectively.

As of March 31, 2022, there was $15,200 of total unrecognized compensation cost related to unvested restricted stock units which is expected to be recognized over a weighted-average period of 2.6 years. Additionally, as of March 31, 2022, there were 1,814,244 shares available for issuance under the Company's stock compensation plans. As of March 31, 2022 and December 31, 2021, there were $247 and $274, respectively, accrued in other liabilities related to dividend equivalent units declared to be paid upon vesting and distribution of the underlying restricted stock units.

Performance Based Restricted Stock Units

The following table summarizes information about the changes in PSUs as of and for the three months ended March 31, 2022.






	Performance Stock Units Outstanding	Weighted Average Grant Date Fair Value
Balance at beginning of period (unvested)	115,750	$	40.13
Granted	69,010	44.44
Vested	—	—
Forfeited or expired	—	—
Balance at end of period (unvested)	184,760	$	41.74

The Company awards performance-based restricted stock units to executives and other officers and employees. Under the terms of the awards, the number of units that will vest and convert to shares of common stock will be based on the Company's performance relative to a predefined peer group over a fixed three-year performance period. The number of shares issued upon vesting will range from 0% to 200% of the PSUs granted. The Company's performance relative to the peer group will be measured based on calculated non-GAAP adjusted return on average tangible common equity, adjusted for unusual gains/losses, merger expenses, and other items as approved by the compensation committee of the Company's board of directors. Compensation expense for PSUs is estimated each period based on the fair value of the Company's stock at the grant date and the most probable outcome of the performance condition, adjusted for the passage of time within the vesting period of the awards.

The Company recorded compensation cost $726 and $200 for the three months ended March 31, 2022 and 2021, respectively. As of March 31, 2022, the Company determined the probability of meeting the performance criteria for each grant, and recorded compensation cost associated with vestings of 175.0% (related to shares granted in 2020), 75.0% (related to shares granted in 2021) and 100% (related to shares granted in 2022), when factoring in the conversion of PSUs to shares of common stock. As of March 31, 2022, maximum unrecognized compensation cost at 200% payout related to the unvested PSUs was $12,322, and the remaining performance period over which the cost could be recognized was 2.0 years.

Employee Stock Purchase Plan:

The Company maintains an employee stock purchase plan under which employees, through payroll deductions, are able to purchase shares of Company common stock. The employee purchase price is 95% of the lower of the market price on the first or last day of the offering period. The maximum number of shares issuable during any offering period is 200,000 shares and a participant may not purchase more than 725 shares during any offering period (and, in any event, no more than $25 worth of common stock in any calendar year). There were 15,152 and 21,566 shares of common stock issued under the ESPP with proceeds from employee payroll withholdings of $588 and $811, during the three months ended March 31, 2022 and 2021, respectively. As of March 31, 2022, there were 2,326,544 shares available for issuance under the ESPP, respectively.

Related Party Transactions

3 Months Ended

Mar. 31, 2022

Related Party Transactions

Related party transactions:

(A) Loans:

The Bank has made and expects to continue to make loans to the directors, certain management and executive officers of the Company and their affiliates in the ordinary course of business, in compliance with regulatory requirements.

An analysis of loans to executive officers, certain management, and directors of the Bank and their affiliates is presented below:


Loans outstanding at January 1, 2022	$	29,010
New loans and advances	39,767
Change in related party status	(9,037)
Repayments	(192)
Loans outstanding at March 31, 2022	$	59,548

Unfunded commitments to certain executive officers, certain management and directors and their associates totaled $29,662 and $10,994 at March 31, 2022 and December 31, 2021, respectively.

(B) Deposits:

The Bank held deposits from related parties totaling $308,361 and $312,956 as of March 31, 2022 and December 31, 2021, respectively.

(C) Leases:

The Bank leases various office spaces from entities owned by certain directors of the Company under varying terms. The Company had $3 and $6 in unamortized leasehold improvements related to these leases at March 31, 2022 and December 31, 2021, respectively. These improvements are being amortized over a term not to exceed the length of the lease. Lease expense for these properties totaled $101 and $128 for the three months ended March 31, 2022 and 2021.

(D) Aviation time sharing agreements:

The Company is a participant to an aviation time sharing agreement with an entity owned by a certain director of the Company. During the three months ended March 31, 2021, the Company made payments of $11 under this agreement. No such payments were made during the three months ended March 31, 2022. Additionally, during the year ended December 31, 2021, the Bank formed a subsidiary, FBK Aviation, LLC and purchased an aircraft under this entity. FBK Aviation, LLC also established a non-exclusive aircraft lease agreement with an entity owned by one of the Company's directors. During the three months ended March 31, 2022, the Company recognized income amounting to $11 under this agreement. No such income was recognized during the three months ended March 31, 2021.

Basis of Presentation (Policies)

3 Months Ended

Mar. 31, 2022

Accounting Policies [Abstract]

Overview and Presentation

The unaudited consolidated financial statements, including the notes thereto, have been prepared in accordance with U.S. GAAP interim reporting requirements and general banking industry guidelines, and therefore, do not include all information and notes included in the annual consolidated financial statements in conformity with GAAP. These interim consolidated financial statements and notes thereto should be read in conjunction with the Company’s audited consolidated financial statements and accompanying notes included in the Company’s Annual Report on Form 10-K.

The unaudited consolidated financial statements include all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of the results for the interim periods. The results for interim periods are not necessarily indicative of results for a full year.

In preparing the financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and the reported results of operations for the periods then ended. Actual results could differ significantly from those estimates.

Reclassifications

Certain prior period amounts have been reclassified to conform to the current period presentation without any impact on the reported amounts of net income or shareholders’ equity.

Earnings Per Share

Earnings per share

Basic EPS excludes dilution and is computed by dividing earnings available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted EPS includes the dilutive effect of additional potential common shares issuable under the restricted stock units granted but not yet vested and distributable. Diluted EPS is computed by dividing earnings available to common shareholders by the weighted average number of common shares outstanding for the period, plus an incremental number of common-equivalent shares computed using the treasury stock method.

Unvested share-based payment awards, which include the right to receive non-forfeitable dividends or dividend equivalents, are considered to participate with common shareholders in undistributed earnings for purposes of computing EPS. Companies that have such participating securities are required to calculate basic and diluted EPS using the two-class method. Certain restricted stock awards granted by the Company include non-forfeitable dividend equivalents and are considered participating securities. Calculations of EPS under the two-class method (i) exclude from the numerator any dividends paid or owed on participating securities and any undistributed earnings considered to be attributable to participating securities and (ii) exclude from the denominator the dilutive impact of the participating securities.

Recently Adopted Accounting Standards and Newly Issued Not Yet Effective Accounting Standards

Recently adopted accounting policies:

The Company did not modify or adopt any new accounting policies during the three months ended March 31, 2022 that were not disclosed in the Company's 2021 audited consolidated financial statements included on Form 10-K, other than as described below.

During the three months ended March 31, 2022, the Company modified the accounting policy related to derivative financial instruments and hedging activities within Note 1 of the Company's 2021 Annual Report on Form 10-K in accordance with ASC 815, "Derivatives and Hedging," as a result of entering into designated fair value hedges during the period. The Company enters into fair value hedge relationships to mitigate the effect of changing interest rates on the fair values of fixed rate securities and loans. The gain or loss on the derivative instrument as well as the offsetting loss or gain on the hedged asset or liability attributable to the hedged risk are recognized in current earnings. The gain or loss on the derivative instrument is presented on the same income statement line item as the earnings effect of the hedged item.

Recently adopted accounting standards:

The Company did not adopt any new accounting standards that were not disclosed in the Company's 2021 audited consolidated financial statements included on Form 10-K.

Newly issued not yet effective accounting standards:

In March 2022, the FASB issued ASU 2022-01, "Derivatives and Hedging (Topic 815): Fair Value Hedging-Portfolio Layer Method", to expand the current single-layer method of electing hedge accounting to allow multiple hedged layers of a single closed portfolio under the method. To reflect that expansion, the last-of-layer method is renamed the portfolio layer method. The amendments in this update are effective for fiscal years beginning after December 15, 2022, and interim periods within those fiscal years. Early adoption is permitted on any date on or after the issuance of ASU No. 2022-01 for any entity that has adopted the amendments in ASU No.2017-12 for the corresponding period. Adoption of this update will not have an impact on the Company's consolidated financial statements or related disclosures.

Additionally, in March 2022, the FASB issued ASU 2022-02, "'Financial Instruments—Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures" related to troubled debt restructurings and vintage disclosures for financing receivables. The amendments eliminate the accounting guidance for troubled debt restructurings by creditors that have adopted the CECL model and enhance the disclosure requirements for loan modifications and restructurings made with borrowers experiencing financial difficulty. In addition, the amendments require disclosure of current-period gross write-offs for financing receivables and net investment in leases by year of origination in the vintage disclosures. The amendments in this update are effective for fiscal years beginning after December 15, 2022, including interim periods

within those fiscal years, with early adoption permitted. The Company is currently evaluating the effect that ASU 2022-02 will have on its consolidated financial statements and related disclosures.

In March 2022, the SEC released SAB 121 to add interpretive guidance for entities to consider when they have obligations to safeguard crypto-assets held for clients. The new guidance requires reporting entities who allow clients to transact in crypto-assets and act as a custodian to record a liability with a corresponding asset regardless of whether they control the crypto-asset. The crypto-asset will need to be marked at fair value for each reporting period. The new guidance requires disclosures in the footnotes to address the amount of crypto-assets reported, and the safeguarding and recordkeeping of the assets. The guidance in this update requires that reporting companies implement SAB 121 no later than the financial statements covering the first interim or annual period ending after June 15, 2022, with retrospective application back to the beginning of the fiscal year. During the three months ended March 31, 2022, the Company became a founding member of the USDF Consortium ("the Consortium"), which plans to utilize blockchain and bank-issued digital dollars technology to streamline peer-to-peer financial transactions. While the Company does not currently hold or facilitate transactions with crypto-assets, the Company is evaluating the potential future financial statement and disclosure impact from adopting this guidance when it becomes applicable based on the Company's crypto-asset activities.

In March 2020, the FASB issued ASU 2020-04, “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” ASU 2020-04 is intended to provide relief for companies preparing for discontinuation of interest rates based on LIBOR. The ASU provides optional expedients and exceptions for applying GAAP to contract modifications and hedging relationships, subject to meeting certain criteria, that reference LIBOR or other reference rates expected to be discontinued. ASU 2020-04 also provides for a onetime sale and/or transfer to AFS or trading to be made for HTM debt securities that both reference an eligible reference rate and were classified as HTM before January 1, 2020. ASU 2020-04 was effective for all entities as of March 12, 2020 and through December 31, 2022. Companies can apply the ASU as of the beginning of the interim period that includes March 12, 2020 or any date thereafter. The guidance requires companies to apply the guidance prospectively to contract modifications and hedging relationships while the one-time election to sell and/or transfer debt securities classified as HTM may be made any time after March 12, 2020.

Our LIBOR Transition Committee was established to transition from LIBOR to alternative rates and has continued its efforts consistent with industry timelines. As part of these efforts, during the fourth quarter of 2021, we ceased utilization of LIBOR as an index in newly originated loans or loans that are refinanced. Additionally, we identified existing products that utilize LIBOR and are reviewing contractual language to facilitate the transition to alternative reference rates. ASU 2020-04 and ASU 2021-01 are not expected to have a material impact on our consolidated financial statements.

Allowance for Credit Losses

The Company calculates its expected credit loss using a lifetime loss rate methodology. The Company utilizes probability-weighted forecasts, which consider multiple macroeconomic variables from a third-party vendor that are applicable to the type of loan. Each of the Company's loss rate models incorporate forward-looking macroeconomic projections throughout the reasonable and supportable forecast period and the subsequent historical reversion at the macroeconomic variable input level. In order to estimate the life of a loan, the contractual term of the loan is adjusted for estimated prepayments based on market information and the Company’s prepayment history.

The Company's loss rate models estimate the lifetime loss rate for pools of loans by combining the calculated loss rate based on each variable within the model (including the macroeconomic variables). The lifetime loss rate for the pool is then multiplied by the loan balances to determine the expected credit losses on the pool.

The Company considers the need to qualitatively adjust its modeled quantitative expected credit loss estimate for information not already captured in the model loss estimation process. These qualitative factor adjustments may increase or decrease the Company’s estimate of expected credit losses. The Company reviews the qualitative adjustments so as to validate that information that has already been considered and included in the modeled quantitative loss estimation process is not also included in the qualitative adjustment. The Company considers the qualitative factors that are relevant to the institution as of the reporting date, which may include, but are not limited to: levels of and trends in delinquencies and performance of loans; levels of and trends in write-offs and recoveries collected; trends in volume and terms of loans; effects of any changes in reasonable and supportable economic forecasts; effects of any changes in risk selection and underwriting standards; other changes in lending policies, procedures, and practices; experience, ability, and depth of lending management and expertise; available relevant information sources that contradict the Company’s own forecast; effects of changes in prepayment expectations or other factors affecting assessments of loan contractual terms; industry conditions; and effects of changes in credit concentrations.

The quantitative models require loan data and macroeconomic variables based on the inherent credit risks in each portfolio to more accurately measure the credit risks associated with each. Each of the quantitative models pools loans with similar risk characteristics and collectively assesses the lifetime loss rate for each pool to estimate its expected credit loss.

When a loan no longer shares similar risk characteristics with other loans in any given pool, the loan is individually assessed. The Company has determined the following circumstances in which a loan may require an individual evaluation: collateral dependent loans; loans for which foreclosure is probable; and loans with other unique risk characteristics. A loan is deemed collateral dependent when 1) the borrower is experiencing financial difficulty and 2) the repayment is expected to be primarily through sale or operation of the collateral. The allowance for credit losses for collateral dependent loans as well as loans where foreclosure is probable is calculated as the amount for which the loan’s amortized cost basis exceeds fair value. Fair value is determined based on appraisals performed by qualified appraisers and reviewed by qualified personnel. In cases where repayment is to be provided substantially through the sale of collateral, the Company reduces the fair value by the estimated costs to sell. Loans experiencing financial difficulty for which a concession has not yet been provided may be identified as reasonably expected TDRs.

Reasonably expected TDRs and TDRs use the same methodology. In cases where the expected credit loss can only be captured through a discounted cash flow analysis (such as an interest rate modification for a TDR loan), the allowance is measured by the amount which the loan’s amortized cost exceeds the discounted cash flow analysis.

Credit Quality

Credit Quality - Commercial Loans

The Company categorizes commercial loan types into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes loans that share similar risk characteristics collectively. Loans that do not share similar risk characteristics are evaluated individually.

The Company uses the following definitions for risk ratings:


			Pass.			Loans rated Pass include those that are adequately collateralized performing loans which management believes do not have conditions that have occurred or may occur that would result in the loan being downgraded into an inferior category. The Pass category also includes commercial loans rated as Watch, which include those that management believes have conditions that have occurred, or may occur, which could result in the loan being downgraded to an inferior category.




			Special Mention.			Loans rated Special Mention are those that have potential weakness that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or in the institution’s credit position at some future date. Management does not believe there will be a loss of principal or interest. These loans require intensive servicing and may possess more than normal credit risk.




			Classified.			Loans included in the Classified category include loans rated as Substandard and Doubtful. Loans rated as Substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Substandard loans have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Also included in this category are loans classified as Doubtful, which have all the weaknesses inherent in those classified as Substandard, with the added characteristic that the weakness or weaknesses make collection or liquidation in full, based on currently existing facts, conditions, and values, highly questionable and improbable.

Risk ratings are updated on an ongoing basis and are subject to change by continuous loan monitoring processes.

Fair Value of Financial Instruments

Fair value of financial instruments:

FASB ASC 820-10 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820-10 also establishes a framework for measuring the fair value of assets and liabilities according to a hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets and liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The hierarchy maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs that market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that are derived from assumptions based on management’s estimate of assumptions that market participants would use in pricing the asset or liability based on the best information available under the circumstances.

The hierarchy is broken down into the following three levels, based on the reliability of inputs:

Level 1: Unadjusted quoted prices in active markets for identical assets or liabilities that are accessible at the measurement date.

Level 2: Significant other observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active or other inputs that are observable or can be corroborated by observable market data.

Level 3: Significant unobservable inputs for assets or liabilities that are derived from assumptions based on management’s estimate of assumptions that market participants would use in pricing the assets or liabilities.

The Company records the fair values of financial assets and liabilities on a recurring and non-recurring basis using the following methods and assumptions:


Investment Securities						Investment securities are recorded at fair value on a recurring basis. Fair values for securities are based on quoted market prices, where available. If quoted prices are not available, fair values are based on quoted market prices of similar instruments or are determined by matrix pricing, which is a mathematical technique widely used in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the pricing relationship or correlation among other benchmark quoted securities. Investment securities valued using quoted market prices of similar instruments or that are valued using matrix pricing are classified as Level 2. When significant inputs to the valuation are unobservable, the available-for-sale securities are classified within Level 3 of the fair value hierarchy. Where no active market exists for a security or other benchmark securities, fair value is estimated by the Company with reference to discount margins for other high-risk securities.

Loans held for sale						Loans held for sale are carried at fair value. Fair value is determined using current secondary market prices for loans with similar characteristics for the mortgage portfolio, that is, using Level 2 inputs. Commercial loans held for sale's fair value is determined using an income approach with various assumptions including expected cash flows, market discount rates, credit metrics and collateral value when appropriate. As such, these are considered Level 3.

Derivatives						The fair value of the Company's interest rate swap agreements to facilitate customer transactions are based upon fair values provided from entities that engage in interest rate swap activity and is based upon projected future cash flows and interest rates. The fair value of interest rate lock commitments associated with the mortgage pipeline is based on fees currently charged to enter into similar agreements, and for fixed-rate commitments, the difference between current levels of interest rates and the committed rates is also considered. The fair values of the Company's designated cash flow and fair value hedges are determined by calculating the difference between the discounted fixed rate cash flows and the discounted variable rate cash flows. The fair values of both the Company's hedges, including designated cash flow hedges and designated fair value hedges are based on pricing models that utilize observable market inputs. These financial instruments are classified as Level 2.

OREO						OREO is comprised of commercial and residential real estate obtained in partial or total satisfaction of loan obligations and excess land and facilities held for sale. OREO acquired in settlement of indebtedness is recorded at the lower of the carrying amount of the loan or the fair value of the real estate less costs to sell. Fair value is determined on a nonrecurring basis based on appraisals by qualified licensed appraisers and is adjusted for management’s estimates of costs to sell and holding period discounts. The valuations are classified as Level 3.



Mortgage servicing rights						MSRs are carried at fair value. Fair value is determined using an income approach with various assumptions including expected cash flows, market discount rates, prepayment speeds, servicing costs, and other factors. As such, MSRs are considered Level 3.

Collateral dependent loans						Collateral dependent loans are loans for which, based on current information and events, the Company has determined foreclosure of the collateral is probable, or where the borrower is experiencing financial difficulty and the Company expects repayment of the loan to be provided substantially through the operation or sale of the collateral and it is probable that the creditor will be unable to collect all amounts due according to the contractual terms of the loan agreement. Collateral dependent loans are classified as Level 3.

For collateral dependent loans, the ACL is measured based on the difference between the fair value of the collateral and the amortized cost basis of the loan as of the measurement date. Fair value of the loan's collateral is determined by third-party appraisals, which are then adjusted for estimated selling and closing costs related to liquidation of the collateral. Collateral dependent loans are reviewed and evaluated on at least a quarterly basis for additional impairment and adjusted accordingly, based on changes in market conditions from the time of valuation and management's knowledge of the borrower and borrower's business. As of March 31, 2022 and December 31, 2021, total amortized cost of collateral dependent loans measured on a non-recurring basis amounted to $5,034 and $5,781, respectively.

Other real estate owned acquired in settlement of indebtedness is recorded at fair value of the real estate less estimated costs to sell. Subsequently, it may be necessary to record nonrecurring fair value adjustments for declines in fair value. Any write-downs based on the asset's fair value at the date of foreclosure are charged to the allowance for credit losses. Appraisals for both collateral dependent loans and other real estate owned are performed by certified general appraisers (for commercial properties) or certified residential appraisers (for residential properties) whose qualifications and licenses have been reviewed and verified by the Company. Once received, a member of the lending administrative department reviews the assumptions and approaches utilized in the appraisal as well as the overall resulting fair value in comparison with independent data sources such as recent market data or industry wide statistics. Collateral dependent loans that are dependent on recovery through sale of equipment, such as farm equipment, automobiles and aircrafts are generally valued based on public source pricing or subscription services while more complex assets are valued through leveraging brokers who have expertise in the collateral involved.

- Definition

Disclosure of accounting policy for credit loss on financial instrument measured at amortized cost basis, net investment in lease, off-balance sheet credit exposure, and available-for-sale debt security. Includes, but is not limited to, methodology used to estimate allowance for credit loss, how writeoff of uncollectible amount is recognized, and determination of past due status and nonaccrual status.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 30
-Section 35
-Paragraph 7A
-URI http://asc.fasb.org/extlink&oid=125515542&loc=SL120269220-210453

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 3D
-URI http://asc.fasb.org/extlink&oid=124255953&loc=SL120267969-210447

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 30
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=124269663&loc=SL82922895-210455

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 30
-Section 35
-Paragraph 13A
-URI http://asc.fasb.org/extlink&oid=125515542&loc=SL120267917-210453

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 35
-Paragraph 8A
-URI http://asc.fasb.org/extlink&oid=124266218&loc=SL120267834-210445

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 30
-Paragraph 4A
-URI http://asc.fasb.org/extlink&oid=124256539&loc=SL120269210-210444

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 17
-URI http://asc.fasb.org/extlink&oid=124255953&loc=SL82919260-210447

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 45
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=124255206&loc=SL120267845-210446

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=124255953&loc=SL82919253-210447

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=124255953&loc=SL82919272-210447

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 30
-Paragraph 5A
-URI http://asc.fasb.org/extlink&oid=124256539&loc=SL120254536-210444

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 3C
-URI http://asc.fasb.org/extlink&oid=124255953&loc=SL120267966-210447

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 30
-Section 30
-Paragraph 1B
-URI http://asc.fasb.org/extlink&oid=124268681&loc=SL120267897-210452

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=124255953&loc=SL82919244-210447

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 30
-Section 50
-Paragraph 3D
-URI http://asc.fasb.org/extlink&oid=124269663&loc=SL120267862-210455

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.M.Q4)
-URI http://asc.fasb.org/extlink&oid=122651532&loc=SL122037091-237805

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 30
-Section 50
-Paragraph 3C
-URI http://asc.fasb.org/extlink&oid=124269663&loc=SL120267859-210455

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 30
-Section 50
-Paragraph 3A
-URI http://asc.fasb.org/extlink&oid=124269663&loc=SL120267853-210455

+ Details

Basis of Presentation (Tables)

3 Months Ended

Mar. 31, 2022

Accounting Policies [Abstract]

Schedule of Basic and Diluted Earnings Per Common Share Calculation

The following is a summary of the basic and diluted earnings per common share calculation for each of the periods presented:


	Three Months Ended March 31,
		2022		2021
Basic earnings per common share calculation:
Net income applicable to FB Financial Corporation		$	35,236	$	52,874
Dividends paid on and undistributed earnings allocated to participating securities		—		—
Earnings available to common shareholders		$	35,236	$	52,874
Weighted average basic shares outstanding		47,530,520		47,278,865
Basic earnings per common share		$	0.74	$	1.12
Diluted earnings per common share:
Earnings available to common shareholders		$	35,236	$	52,874
Weighted average basic shares outstanding		47,530,520		47,278,865
Weighted average diluted shares contingently issuable(1)		193,382		690,241
Weighted average diluted shares outstanding		47,723,902		47,969,106
Diluted earnings per common share		$	0.74	$	1.10

(1)Excludes 123,709 restricted stock units outstanding considered to be antidilutive for the three months ended March 31, 2022 and 87,452 restricted stock units outstanding considered to be antidilutive for three months ended March 31, 2021.

Investment securities (Tables)

3 Months Ended

Mar. 31, 2022

Investments, Debt and Equity Securities [Abstract]

Schedule of Amortized Cost of Securities and Fair Values

The following tables summarize the amortized cost, allowance for credit losses and fair value of the available-for-sale debt securities and the corresponding amounts of unrealized gains and losses recognized in accumulated other comprehensive income at March 31, 2022 and December 31, 2021:


	March 31, 2022
	Amortized cost		Gross unrealized gains		Gross unrealized losses		Allowance for credit losses for investments		Fair Value
Investment Securities
Available-for-sale debt securities
U.S. government agency securities	$	41,015	$	—	$	(2,133)	$	—	$	38,882
Mortgage-backed securities - residential	1,320,205		616		(88,565)		—		1,232,256
Mortgage-backed securities - commercial	14,738		14		(445)		—		14,307
Municipal securities	318,587		3,594		(12,043)		—		310,138
U.S. Treasury securities	81,913		4		(1,744)		—		80,173
Corporate securities	8,000		4		(235)		—		7,769
Total	$	1,784,458	$	4,232	$	(105,165)	$	—	$	1,683,525


	December 31, 2021
	Amortized cost		Gross unrealized gains		Gross unrealized losses		Allowance for credit losses for investments		Fair Value
Investment Securities
Available-for-sale debt securities
U.S. government agency securities	$	34,023	$	18	$	(171)	$	—	$	33,870
Mortgage-backed securities - residential	1,281,285		6,072		(17,985)		—		1,269,372
Mortgage-backed securities - commercial	15,024		272		(46)		—		15,250
Municipal securities	322,052		16,718		(160)		—		338,610
U.S. Treasury securities	14,914		—		(6)		—		14,908
Corporate securities	6,500		40		(25)		—		6,515
Total	$	1,673,798	$	23,120	$	(18,393)	$	—	$	1,678,525

Schedule of Amortized Cost and Fair Value of Debt Securities by Contractual Maturity

Therefore, mortgage-backed securities are not included in the maturity categories in the following summary.


	March 31,				December 31,
	2022				2021
	Available-for-sale				Available-for-sale
	Amortized cost		Fair value		Amortized cost		Fair value
Due in one year or less	$	19,614	$	19,602	$	21,851	$	21,884
Due in one to five years	121,436		118,438		54,847		55,307
Due in five to ten years	55,733		54,635		45,714		46,975
Due in over ten years	252,732		244,287		255,077		269,737
	449,515		436,962		377,489		393,903
Mortgage-backed securities - residential	1,320,205		1,232,256		1,281,285		1,269,372
Mortgage-backed securities - commercial	14,738		14,307		15,024		15,250
Total debt securities	$	1,784,458	$	1,683,525	$	1,673,798	$	1,678,525

Schedule of Sales and Other Dispositions of Available-for-Sale Securities

Sales and other dispositions of available-for-sale securities were as follows:


	Three Months Ended March 31,
		2022		2021
Proceeds from sales		$	—	$	—
Proceeds from maturities, prepayments and calls		57,443		61,040
Gross realized gains		2		7
Gross realized losses		—		—

Schedule of Gross Unrealized Losses

The following tables show gross unrealized losses for which an allowance for credit losses has not been recorded at March 31, 2022 and December 31, 2021, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position:


	March 31, 2022
	Less than 12 months				12 months or more				Total
	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
U.S. government agency securities	$	38,882	$	(2,133)	$	—	$	—	$	38,882	$	(2,133)
Mortgage-backed securities - residential	961,993		(70,839)		175,988		(17,726)		1,137,981		(88,565)
Mortgage-backed securities - commercial	9,647		(445)		—		—		9,647		(445)
Municipal securities	192,546		(11,844)		1,030		(199)		193,576		(12,043)
U.S. Treasury securities	47,918		(1,744)		—		—		47,918		(1,744)
Corporate securities	6,896		(235)		—		—		6,896		(235)
Total	$	1,257,882	$	(87,240)	$	177,018	$	(17,925)	$	1,434,900	$	(105,165)


	December 31, 2021
	Less than 12 months				12 months or more				Total
	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized loss
U.S. government agency securities	$	18,360	$	(171)	$	—	$	—	$	18,360	$	(171)
Mortgage-backed securities - residential	$	871,368	$	(14,295)	$	102,799	$	(3,690)	$	974,167	$	(17,985)
Mortgage-backed securities - commercial	7,946		(46)		—		—		7,946		(46)
Municipal securities	11,414		(160)		—		—		11,414		(160)
U.S. Treasury securities	14,908		(6)		—		—		14,908		(6)
Corporate securities	4,119		(25)		—		—		4,119		(25)
Total	$	928,115	$	(14,703)	$	102,799	$	(3,690)	$	1,030,914	$	(18,393)

Loans and Allowance for Credit Losses (Tables)

3 Months Ended

Mar. 31, 2022

Receivables [Abstract]

Schedule of Loans Outstanding by Class of Financing Receivable

Loans outstanding as of March 31, 2022 and December 31, 2021, by class of financing receivable are as follows:


	March 31,		December 31,
	2022		2021
Commercial and industrial (1)	$	1,380,600	$	1,290,565
Construction	1,468,811		1,327,659
Residential real estate:
1-to-4 family mortgage	1,346,349		1,270,467
Residential line of credit	392,740		383,039
Multi-family mortgage	400,501		326,551
Commercial real estate:
Owner occupied	978,436		951,582
Non-owner occupied	1,706,546		1,730,165
Consumer and other	330,993		324,634
Gross loans	8,004,976		7,604,662
Less: Allowance for credit losses	(120,049)		(125,559)
Net loans	$	7,884,927	$	7,479,103

(1)Includes $2,062 and $3,990 of loans originated as part of the Paycheck Protection Program as of March 31, 2022 and December 31, 2021, respectively. PPP loans are federally guaranteed as part of the CARES Act, provided PPP loan recipients receive loan forgiveness under the SBA regulations. As such, there is minimal credit risk associated with these loans.

Schedule of Changes in Allowance for Credit Losses by Class of Financing Receivable

The following tables provide the changes in the allowance for credit losses by class of financing receivable for the three months ended March 31, 2022 and 2021:


	Commercial and industrial		Construction		1-to-4 family residential mortgage		Residential line of credit		Multi-family residential mortgage		Commercial real estate owner occupied		Commercial real estate non-owner occupied		Consumer and other		Total








Three Months Ended March 31, 2022
Beginning balance - December 31, 2021	$	15,751	$	28,576	$	19,104	$	5,903	$	6,976	$	12,593	$	25,768	$	10,888	$	125,559


Provision for credit losses	(4,006)		3,206		1,908		641		(578)		(4,187)		(4,478)		1,365		(6,129)
Recoveries of loans previously charged-off	958		—		12		1		—		10		—		217		1,198
Loans charged off	(4)		—		—		—		—		—		—		(575)		(579)


Ending balance - March 31, 2022	$	12,699	$	31,782	$	21,024	$	6,545	$	6,398	$	8,416	$	21,290	$	11,895	$	120,049


	Commercial and industrial		Construction		1-to-4 family residential mortgage		Residential line of credit		Multi-family residential mortgage		Commercial real estate owner occupied		Commercial real estate non-owner occupied		Consumer and other		Total







Three Months Ended March 31, 2021
Beginning balance - December 31, 2020	$	14,748	$	58,477	$	19,220	$	10,534	$	7,174	$	4,849	$	44,147	$	11,240	$	170,389


Provision for credit losses	43		(19,826)		461		(1,257)		4,483		(1,253)		6,032		(315)		(11,632)
Recoveries of loans previously charged-off	129		—		24		6		—		13		—		195		367
Loans charged off	(277)		(29)		(133)		(15)		—		—		—		(716)		(1,170)


Ending balance - March 31, 2021	$	14,643	$	38,622	$	19,572	$	9,268	$	11,657	$	3,609	$	50,179	$	10,404	$	157,954

Schedule of Credit Quality of Loan Portfolio by Year of Origination

The following tables present the credit quality of our commercial loan portfolio by year of origination as of March 31, 2022 and December 31, 2021. Revolving loans are presented separately. Management considers the guidance in ASC 310-20 when determining whether a modification, extension, or renewal constitutes a current period origination. Generally, current period renewals of credit are reunderwritten at the point of renewal and considered current period originations for the purposes of the tables below.


As of March 31, 2022
	Commercial Term Loans
	Amortized Cost Basis by Origination Year
	2022		2021		2020		2019		2018		Prior		Revolving Loans Amortized Cost Basis		Total
Commercial and industrial
Pass	$	86,753	$	262,073	$	84,369	$	123,038	$	46,230	$	80,906	$	656,672	$	1,340,041
Special Mention	27		50		—		941		616		1,494		12,570		15,698
Classified	—		900		2,285		2,269		2,933		9,576		6,898		24,861

Total	86,780		263,023		86,654		126,248		49,779		91,976		676,140		1,380,600


Construction - Commercial
Pass	103,294		322,557		179,337		111,794		17,366		63,846		47,864		846,058
Special Mention	—		—		10		—		—		2,579		—		2,589
Classified	—		—		—		3,078		—		679		201		3,958

Total	103,294		322,557		179,347		114,872		17,366		67,104		48,065		852,605


Residential real estate:

Multi-family mortgage
Pass	53,167		190,584		32,964		64,201		5,124		42,130		11,104		399,274
Special Mention	—		—		—		—		—		—		—		—
Classified	—		—		—		—		—		1,227		—		1,227

Total	53,167		190,584		32,964		64,201		5,124		43,357		11,104		400,501



Commercial real estate:
Owner occupied
Pass	53,495		178,092		127,649		164,620		78,970		293,791		56,543		953,160
Special Mention	—		—		30		1,492		3,200		2,325		210		7,257
Classified	—		—		—		3,089		1,667		12,285		978		18,019

Total	53,495		178,092		127,679		169,201		83,837		308,401		57,731		978,436


Non-owner occupied
Pass	80,277		439,956		126,299		157,806		257,327		568,790		55,375		1,685,830
Special Mention	—		—		—		3,687		249		985		—		4,921
Classified	—		—		—		—		3,460		12,335		—		15,795

Total	80,277		439,956		126,299		161,493		261,036		582,110		55,375		1,706,546





Total commercial loans
Pass	376,986		1,393,262		550,618		621,459		405,017		1,049,463		827,558		5,224,363
Special Mention	27		50		40		6,120		4,065		7,383		12,780		30,465
Classified	—		900		2,285		8,436		8,060		36,102		8,077		63,860

Total commercial loans	$	377,013	$	1,394,212	$	552,943	$	636,015	$	417,142	$	1,092,948	$	848,415	$	5,318,688


As of December 31, 2021
	Commercial Term Loans
	Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans Amortized Cost Basis		Total
Commercial and industrial
Pass	$	273,232	$	95,279	$	140,938	$	52,162	$	33,997	$	57,020	$	596,667	$	1,249,295
Special Mention	79		9		949		632		3		1,519		12,367		15,558
Classified	918		2,391		2,376		3,089		3,370		6,425		7,143		25,712

Total	274,229		97,679		144,263		55,883		37,370		64,964		616,177		1,290,565


Construction - Commercial
Pass	335,758		164,428		112,985		18,374		14,965		64,516		43,748		754,774
Special Mention	—		11		—		—		1,208		1,384		—		2,603
Classified	—		—		2,922		2,882		3		737		200		6,744

Total	335,758		164,439		115,907		21,256		16,176		66,637		43,948		764,121


Residential real estate:

Multi-family mortgage
Pass	166,576		32,242		64,345		7,124		5,602		38,526		10,891		325,306
Special Mention	—		—		—		—		—		—		—		—
Classified	—		—		—		—		—		1,245		—		1,245

Total	166,576		32,242		64,345		7,124		5,602		39,771		10,891		326,551



Commercial real estate:
Owner occupied
Pass	170,773		131,471		174,257		83,698		69,939		236,998		57,123		924,259
Special Mention	—		—		1,502		3,541		885		2,555		213		8,696
Classified	—		—		3,102		768		3,295		9,616		1,846		18,627

Total	170,773		131,471		178,861		88,007		74,119		249,169		59,182		951,582


Non-owner occupied
Pass	462,478		154,048		165,917		264,855		170,602		414,859		46,541		1,679,300
Special Mention	—		—		3,747		3,388		—		969		—		8,104
Classified	—		—		1,898		23,849		1,506		15,508		—		42,761

Total	462,478		154,048		171,562		292,092		172,108		431,336		46,541		1,730,165


Total commercial loans
Pass	1,408,817		577,468		658,442		426,213		295,105		811,919		754,970		4,932,934
Special Mention	79		20		6,198		7,561		2,096		6,427		12,580		34,961
Classified	918		2,391		10,298		30,588		8,174		33,531		9,189		95,089
Total commercial loans	$	1,409,814	$	579,879	$	674,938	$	464,362	$	305,375	$	851,877	$	776,739	$	5,062,984

The following tables present the credit quality by classification (performing or nonperforming) of our consumer loan portfolio by year of origination as of March 31, 2022 and December 31, 2021. Revolving loans are presented separately. Management considers the guidance in ASC 310-20 when determining whether a modification, extension, or renewal constitutes a current period origination. Generally, current period renewals of credit are reunderwritten at the point of renewal and considered current period originations for the purposes of the tables below.


As of March 31, 2022
	Consumer Term Loans
	Amortized Cost Basis by Origination Year
	2022		2021		2020		2019		2018		Prior		Revolving Loans Amortized Cost Basis		Total
Construction - Consumer
Performing	$	63,687	$	345,094	$	87,761	$	18,312	$	5,815	$	4,328	$	91,209	$	616,206
Nonperforming	—		—		—		—		—		—		—		—
Total	63,687		345,094		87,761		18,312		5,815		4,328		91,209		616,206

Residential real estate:
1-to-4 family mortgage
Performing	161,778		500,544		184,028		113,736		89,201		282,039		—		1,331,326
Nonperforming	—		3,240		2,970		1,144		2,577		5,092		—		15,023
Total	161,778		503,784		186,998		114,880		91,778		287,131		—		1,346,349

Residential line of credit
Performing	—		—		—		—		—		—		391,163		391,163
Nonperforming	—		—		—		—		—		—		1,577		1,577
Total	—		—		—		—		—		—		392,740		392,740

Consumer and other
Performing	33,831		72,033		51,086		36,589		31,037		92,155		9,004		325,735
Nonperforming	—		330		442		518		1,541		2,427		—		5,258
Total	33,831		72,363		51,528		37,107		32,578		94,582		9,004		330,993

Total consumer loans
Performing	259,296		917,671		322,875		168,637		126,053		378,522		491,376		2,664,430
Nonperforming	—		3,570		3,412		1,662		4,118		7,519		1,577		21,858
Total consumer loans	$	259,296	$	921,241	$	326,287	$	170,299	$	130,171	$	386,041	$	492,953	$	2,686,288


As of December 31, 2021
	Consumer Term Loans
	Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans Amortized Cost Basis		Total
Construction - Consumer
Performing	$	341,562	$	116,352	$	22,783	$	5,542	$	348	$	3,302	$	73,428	$	563,317
Nonperforming	—		221		—		—		—		—		—		221
Total	341,562		116,573		22,783		5,542		348		3,302		73,428		563,538

Residential real estate:
1-to-4 family mortgage
Performing	521,533		204,690		121,775		100,164		109,087		199,262		—		1,256,511
Nonperforming	1,232		3,734		977		2,429		1,765		3,819		—		13,956
Total	522,765		208,424		122,752		102,593		110,852		203,081		—		1,270,467

Residential line of credit
Performing	—		—		—		—		—		—		381,303		381,303
Nonperforming	—		—		—		—		—		—		1,736		1,736
Total	—		—		—		—		—		—		383,039		383,039

Consumer and other
Performing	82,910		55,123		38,281		32,893		21,856		74,248		14,478		319,789
Nonperforming	199		345		545		1,352		861		1,496		47		4,845
Total	83,109		55,468		38,826		34,245		22,717		75,744		14,525		324,634

Total consumer loans
Performing	946,005		376,165		182,839		138,599		131,291		276,812		469,209		2,520,920
Nonperforming	1,431		4,300		1,522		3,781		2,626		5,315		1,783		20,758
Total consumer loans	$	947,436	$	380,465	$	184,361	$	142,380	$	133,917	$	282,127	$	470,992	$	2,541,678

Schedule of Analysis of Aging by Class of Financing Receivable

The following tables represent an analysis of the aging by class of financing receivable as of March 31, 2022 and December 31, 2021:


March 31, 2022	30-89 days past due		90 days or more and accruing interest		Non-accrual loans		Loans current on payments and accruing interest		Total
Commercial and industrial	$	1,543	$	58	$	3,882	$	1,375,117	$	1,380,600
Construction	2,622		—		679		1,465,510		1,468,811
Residential real estate:
1-to-4 family mortgage	13,508		11,724		3,299		1,317,818		1,346,349
Residential line of credit	536		—		1,577		390,627		392,740
Multi-family mortgage	—		—		48		400,453		400,501
Commercial real estate:
Owner occupied	415		—		6,989		971,032		978,436
Non-owner occupied	986		—		7,185		1,698,375		1,706,546
Consumer and other	4,305		1,091		4,167		321,430		330,993
Total	$	23,915	$	12,873	$	27,826	$	7,940,362	$	8,004,976


December 31, 2021	30-89 days past due		90 days or more and accruing interest		Non-accrual loans		Loans current on payments and accruing interest		Total
Commercial and industrial	$	1,030	$	63	$	1,520	$	1,287,952	$	1,290,565
Construction	4,852		718		3,622		1,318,467		1,327,659
Residential real estate:
1-to-4 family mortgage	11,007		9,363		4,593		1,245,504		1,270,467
Residential line of credit	319		—		1,736		380,984		383,039
Multi-family mortgage	—		—		49		326,502		326,551
Commercial real estate:
Owner occupied	1,417		—		6,710		943,455		951,582
Non-owner occupied	427		—		14,084		1,715,654		1,730,165
Consumer and other	7,398		1,591		3,254		312,391		324,634
Total	$	26,450	$	11,735	$	35,568	$	7,530,909	$	7,604,662

Schedule of Amortized Cost, Related Allowance and Interest Income of Non-accrual Loans

The following tables provide the amortized cost basis of loans on non-accrual status, as well as any related allowance as of March 31, 2022 and December 31, 2021 by class of financing receivable.



March 31, 2022	Non-accrual with no related allowance		Non-accrual with related allowance		Related allowance
Commercial and industrial	$	1,420	$	2,462	$	1,781
Construction	—		679		85
Residential real estate:
1-to-4 family mortgage	130		3,169		49
Residential line of credit	1,051		526		7
Multi-family mortgage	—		48		2
Commercial real estate:
Owner occupied	4,346		2,643		84
Non-owner occupied	7,006		179		22
Consumer and other	—		4,167		211
Total	$	13,953	$	13,873	$	2,241


December 31, 2021	Non-accrual with no related allowance		Non-accrual with related allowance		Related allowance

Commercial and industrial	$	1,085	$	435	$	6
Construction	2,882		740		99
Residential real estate:
1-to-4 family mortgage	378		4,215		60
Residential line of credit	797		939		11
Multi-family mortgage	—		49		2
Commercial real estate:
Owner occupied	5,346		1,364		206
Non-owner occupied	13,898		186		7
Consumer and other	—		3,254		164
Total	$	24,386	$	11,182	$	555

The following presents interest income recognized on nonaccrual loans for the three months ended March 31, 2022 and 2021:


	Three Months Ended March 31,
	2022		2021
Commercial and industrial	$	54	$	114
Construction	19		14
Residential real estate:
1-to-4 family mortgage	52		18
Residential line of credit	40		18
Multi-family mortgage	—		1
Commercial real estate:
Owner occupied	25		131
Non-owner occupied	70		89
Consumer and other	15		—
Total	$	275	$	385

Schedule of Financial Effect of TDRs

The following tables present the financial effect of TDRs recorded during the periods indicated:


Three Months Ended March 31, 2022	Number of loans	Pre-modification outstanding recorded investment		Post-modification outstanding recorded investment		Charge offs and specific reserves





Residential real estate:
1-to-4 family mortgage	1	$	80	$	80	$	—


Consumer and other	1	22		22		—
Total	2	$	102	$	102	$	—


Three Months Ended March 31, 2021	Number of loans	Pre-modification outstanding recorded investment		Post-modification outstanding recorded investment		Charge offs and specific reserves
Commercial and industrial	1	$	107	$	107	$	—

Commercial real estate:

Non-owner occupied	1	11,997		11,997		—



Total	2	$	12,104	$	12,104	$	—

Schedule of Individually Assessed Allowance for Credit Losses for Collateral Dependent Loans

For loans for which the repayment (based on the Company's assessment) is expected to be provided substantially through the operation or sale of collateral and the borrower is experiencing financial difficulty, the following tables present the loans and the corresponding individually assessed allowance for credit losses by class of financing receivable. Significant changes in individually assessed reserves are due to changes in the valuation of the underlying collateral in addition to changes in accrual and past due status.


	March 31, 2022
	Type of Collateral
	Real Estate		Financial Assets and Equipment		Total		Individually assessed allowance for credit loss
Commercial and industrial	$	689	$	3,324	$	4,013	$	1,776
Construction	685		—		685		84
Residential real estate:
1-to-4 family mortgage	344		—		344		—
Residential line of credit	1,367		—		1,367		5

Commercial real estate:
Owner occupied	8,470		—		8,470		80
Non-owner occupied	7,006		—		7,006		—
Consumer and other	25		—		25		1
Total	$	18,586	$	3,324	$	21,910	$	1,946


	December 31, 2021
	Type of Collateral
	Real Estate		Financial Assets and Equipment		Total		Individually assessed allowance for credit loss
Commercial and industrial	$	799	$	1,090	$	1,889	$	—
Construction	3,580		—		3,580		92
Residential real estate:
1-to-4 family mortgage	338		—		338		—
Residential line of credit	1,400		—		1,400		10

Commercial real estate:
Owner occupied	8,117		71		8,188		200
Non-owner occupied	13,899		—		13,899		—
Consumer and other	25		—		25		1
Total	$	28,158	$	1,161	$	29,319	$	303

Other Real Estate Owned (Tables)

3 Months Ended

Mar. 31, 2022

Real Estate [Abstract]

Schedule of Other Real Estate Owned

The following table summarizes the other real estate owned for the three months ended March 31, 2022 and 2021:


	Three Months Ended
	March 31,
		2022		2021
Balance at beginning of period		$	9,777	$	12,111
Transfers from loans		563		1,395


Proceeds from sale of other real estate owned		(121)		(2,495)
(Loss) gain on sale of other real estate owned		(104)		828
Loans provided for sales of other real estate owned		—		(330)
Write-downs and partial liquidations		(394)		(332)

Balance at end of period		$	9,721	$	11,177

Leases (Tables)

3 Months Ended

Mar. 31, 2022

Leases [Abstract]

Schedule of Information Related to Company's Leases and Lease Expense

Information related to the Company's leases is presented below as of March 31, 2022 and December 31, 2021:


		March 31,			December 31,
	Classification	2022			2021
Right-of-use assets:
Operating leases	Operating lease right-of-use assets	$	41,037		$	41,686
Finance leases	Premises and equipment, net	1,450			1,487
Total right-of-use assets		$	42,487		$	43,173
Lease liabilities:
Operating leases	Operating lease liabilities	$	45,528		$	46,367
Finance leases	Borrowings	1,488			1,518
Total lease liabilities		$	47,016		$	47,885
Weighted average remaining lease term (in years) - operating		12.3			12.4
Weighted average remaining lease term (in years) - finance		13.1			13.4
Weighted average discount rate - operating		2.72		%	2.73		%
Weighted average discount rate - finance		1.76		%	1.76		%

The components of total lease expense included in the consolidated statements of income were as follows:


		Three Months Ended
		March 31,
	Classification		2022		2021
Operating lease costs:
Amortization of right-of-use asset	Occupancy and equipment		$	1,710	$	1,939
Short-term lease cost	Occupancy and equipment		111		87
Variable lease cost	Occupancy and equipment		256		235
Lease impairment	Occupancy and equipment		—		38
Gain on lease modifications and terminations	Occupancy and equipment		(18)		—
Finance lease costs:
Interest on lease liabilities	Interest expense on borrowings		9		6
Amortization of right-of-use asset	Occupancy and equipment		37		28

Total lease cost			$	2,105	$	2,333

Schedule of Maturity Analysis of Operating Lease Liabilities

A maturity analysis of operating and finance lease liabilities and a reconciliation of undiscounted cash flows to the total lease liability as of March 31, 2022 is as follows:


	Operating		Finance
	Leases		Lease
Lease payments due:
March 31, 2023	$	5,542	$	87
March 31, 2024	5,959		118
March 31, 2025	5,140		120
March 31, 2026	4,823		121
March 31, 2027	4,700		123
Thereafter	28,730		1,102
Total undiscounted future minimum lease payments	54,894		1,671
Less: imputed interest	(9,366)		(183)
Lease liability	$	45,528	$	1,488

Schedule of Maturity of Finance Lease Liabilities

A maturity analysis of operating and finance lease liabilities and a reconciliation of undiscounted cash flows to the total lease liability as of March 31, 2022 is as follows:


	Operating		Finance
	Leases		Lease
Lease payments due:
March 31, 2023	$	5,542	$	87
March 31, 2024	5,959		118
March 31, 2025	5,140		120
March 31, 2026	4,823		121
March 31, 2027	4,700		123
Thereafter	28,730		1,102
Total undiscounted future minimum lease payments	54,894		1,671
Less: imputed interest	(9,366)		(183)
Lease liability	$	45,528	$	1,488

Mortgage Servicing Rights (Tables)

3 Months Ended

Mar. 31, 2022

Transfers and Servicing of Financial Assets [Abstract]

Schedule of Changes in Mortgage Servicing Rights

Changes in the Company’s mortgage servicing rights were as follows for the three months ended March 31, 2022 and 2021:


	Three Months Ended March 31,
		2022		2021


Carrying value at beginning of period		$	115,512	$	79,997
Capitalization		9,812		11,594





Change in fair value:
Due to pay-offs/pay-downs		(4,471)		(9,321)
Due to change in valuation inputs or assumptions		23,822		21,922
Carrying value at end of period		$	144,675	$	104,192

Schedule of Servicing Income and Expense Included in Mortgage Banking Income

The following table summarizes servicing income and expense, which are included in 'Mortgage banking income' and 'Other noninterest expense', respectively, within the Mortgage segment operating results for the three months ended March 31, 2022 and 2021:


	Three Months Ended March 31,
		2022		2021
Servicing income:
Servicing income		$	7,429	$	6,931
Change in fair value of mortgage servicing rights		19,351		12,601
Change in fair value of derivative hedging instruments		(19,098)		(17,864)
Servicing income		7,682		1,668
Servicing expenses		2,548		2,532
Net servicing income (loss)(1)		$	5,134	$	(864)

(1) Excludes benefit of custodial servicing related noninterest-bearing deposits held by the Bank.

Schedule of Data and Key Economic Assumptions Related to Mortgage Servicing Rights

Data and key economic assumptions related to the Company’s mortgage servicing rights as of March 31, 2022 and December 31, 2021 are as follows:


	March 31,			December 31,
	2022			2021
Unpaid principal balance	$	11,150,118		$	10,759,286
Weighted-average prepayment speed (CPR)	6.41		%	9.31		%
Estimated impact on fair value of a 10% increase	$	(5,077)		$	(4,905)
Estimated impact on fair value of a 20% increase	$	(9,734)		$	(9,429)
Discount rate	8.68		%	9.81		%
Estimated impact on fair value of a 100 bp increase	$	(6,456)		$	(4,785)
Estimated impact on fair value of a 200 bp increase	$	(12,378)		$	(9,198)
Weighted-average coupon interest rate	3.20		%	3.23		%
Weighted-average servicing fee (basis points)	27			27
Weighted-average remaining maturity (in months)	330			330

Income Taxes (Tables)

3 Months Ended

Mar. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of Allocation of Federal and State Income Taxes between Current and Deferred Portions

An allocation of federal and state income taxes between current and deferred portions is presented below:








	Three Months Ended March 31,
	2022		2021
Current	$	—	$	5,949
Deferred	9,313		9,639
Total	$	9,313	$	15,588

Schedule of Reconciliation of Income Taxes Computed at the United States Federal Statutory Tax Rates to the Provision for Income Taxes

The following table presents a reconciliation of federal income taxes at the statutory federal rate of 21% to the Company's effective tax rates for the three months ended March 31, 2022 and 2021:


















	Three Months Ended March 31,
	2022				2021
Federal taxes calculated at statutory rate	$	9,355	21.0	%	$	14,377	21.0	%
Increase (decrease) resulting from:
State taxes, net of federal benefit	951		2.1	%	1,750		2.6	%
(Benefit) expense from equity based compensation	(291)		(0.7)	%	(221)		(0.3)	%
Municipal interest income, net of interest disallowance	(444)		(1.0)	%	(424)		(0.6)	%
Bank-owned life insurance	(74)		(0.2)	%	(84)		(0.1)	%


Section 162(m) limitation	122		0.3	%	227		0.3	%
Other	(306)		(0.6)	%	(37)		(0.1)	%
Income tax expense, as reported	$	9,313	20.9	%	$	15,588	22.8	%

Schedule of Net Deferred Tax (Liabilities) Assets

The components of the net deferred tax (liabilities) assets at March 31, 2022 and December 31, 2021, are as follows:


	March 31,		December 31,
	2022		2021
Deferred tax assets:
Allowance for credit losses	$	34,146	$	35,233
Operating lease liabilities	12,251		12,478
Net operating loss	3,644		1,370
Amortization of core deposit intangibles	53		—
Deferred compensation	2,243		5,484
Unrealized loss on debt securities	26,158		—

Unrealized loss on cash flow hedges	—		205
Other assets	7,684		8,301
Subtotal	86,179		63,071
Deferred tax liabilities:
FHLB stock dividends	$	(484)	$	(484)
Operating leases - right of use assets	(11,111)		(11,287)
Depreciation	(7,930)		(7,938)
Amortization of core deposit intangibles	—		(116)
Unrealized gain on equity securities	(2,167)		(2,407)
Unrealized gain on cash flow hedges	(68)		—
Unrealized gain on debt securities	—		(1,324)
Mortgage servicing rights	(37,696)		(30,098)
Goodwill	(14,276)		(13,743)
Other liabilities	(2,699)		(2,494)
Subtotal	(76,431)		(69,891)
Net deferred tax assets (liabilities)	$	9,748	$	(6,820)

Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2022

Commitments and Contingencies Disclosure [Abstract]

Schedule of Financial Instruments with Off-Balance Sheet Credit Risk


	March 31,		December 31,
	2022		2021
Commitments to extend credit, excluding interest rate lock commitments	$	3,202,550	$	3,106,594
Letters of credit	77,877		77,427
Balance at end of period	$	3,280,427	$	3,184,021

Schedule of Allowance of Credit Losses on Unfunded Commitments

The table below presents activity within the allowance for credit losses on unfunded commitments included in accrued expenses and other liabilities on the Company's consolidated balance sheets for the three months ended March 31, 2022 and 2021:


	Three Months Ended March 31,
		2022		2021
Balance at beginning of period		$	14,380	$	16,378


Provision for credit losses on unfunded commitments		1,882		(2,222)
Balance at end of period		$	16,262	$	14,156

Schedule of Activity in the Repurchase Reserve

The following table summarizes the activity in the repurchase reserve included in accrued expenses and other liabilities on the Company's consolidated balance sheets:


	Three Months Ended March 31,
		2022		2021
Balance at beginning of period		$	4,802	$	5,928
Provision for loan repurchases or indemnifications		(389)		440

Losses on loans repurchased or indemnified		(96)		(84)
Balance at end of period		$	4,317	$	6,284

Derivatives (Tables)

3 Months Ended

Mar. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Financial Instruments

The following tables provide details on the Company’s non-designated derivative financial instruments as of the dates presented:


	March 31, 2022
	Notional Amount		Asset		Liability

Interest rate contracts	$	587,309	$	23,245	$	23,195
Forward commitments	805,000		12,921		—
Interest rate-lock commitments	541,560		1,752		—
Futures contracts	382,000		—		4,754

Total	$	2,315,869	$	37,918	$	27,949


	December 31, 2021
	Notional Amount		Asset		Liability

Interest rate contracts	$	600,048	$	19,265	$	19,138
Forward commitments	1,180,000		—		1,077
Interest rate-lock commitments	487,396		7,197		—
Futures contracts	429,000		922		—

Total	$	2,696,444	$	27,384	$	20,215

The following presents a summary of the Company's designated cash flow hedges as of the dates presented:

March 31, 2022

December 31, 2021

Notional Amount

Estimated fair value

Balance sheet location

Estimated fair value

Balance sheet location

Interest rate swap agreements-
subordinated debt

$

30,000

$

262

Other assets

$

(785)

Accrued expenses and other liabilities


	March 31, 2022
	Notional Amount		Remaining Maturity (In Years)	Receive Fixed Rate	Pay Floating Rate	Estimated fair value
Derivatives included in other liabilities:
Interest rate swap agreement- subordinated debt	$	100,000	1.92	1.45625%	SOFR	$	(1,333)
Interest rate swap agreement- fixed rate money market deposits	75,000		2.39	1.49500%	SOFR	(1,405)
Interest rate swap agreement- fixed rate money market deposits	125,000		2.39	1.49500%	SOFR	(2,342)
Total	$	300,000	2.23	1.48208%		$	(5,080)

Schedule of Gains (Losses) Included in the Consolidated Statements of Income Related to Derivative Financial Instruments

Gains (losses) included in the consolidated statements of income related to the Company’s non-designated derivative financial instruments were as follows:


	Three Months Ended March 31,
		2022		2021
Included in mortgage banking income:
Interest rate lock commitments		$	(5,446)	$	(21,442)
Forward commitments		37,903		43,258
Futures contracts		(16,535)		(16,332)
Option contracts		36		—
Total		$	15,958	$	5,484

The following discloses the amount included in other comprehensive income, net of tax, for derivative instruments designated as cash flow hedges for the periods presented:


	Three Months Ended March 31,
		2022		2021

Amount of gain recognized in other comprehensive (loss) income, net of tax expense of $273 and $112		$	774	$	316

Schedule of Derivative Liabilities at Fair Value

The following amounts were recorded on the balance sheet related to cumulative adjustments for fair value hedges as of March 31, 2022:


Line item on the balance sheet	Carrying Amount of the Hedged Item		Cumulative Decrease in Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Item

Borrowings	$	97,378		(1)	$	(1,333)
Money market and savings deposits	205,415			(2)	(3,747)

(1) The carrying value also includes unamortized subordinated debt issuance costs of $1,289.

(2) The carrying value also includes and purchase accounting fair value premium of $9,162.

Schedule of Offsetting Assets

The following table presents the Company's gross derivative positions as recognized in the consolidated balance sheets as well as the net derivative positions, including collateral pledged to the extent the application of such collateral did not reduce the net derivative liability position below zero, had the Company elected to offset those instruments subject to an enforceable master netting agreement:


	Offsetting Derivative Assets				Offsetting Derivative Liabilities
	March 31, 2022		December 31, 2021		March 31, 2022		December 31, 2021
Gross amounts recognized	$	18,895	$	4,990	$	12,134	$	15,733
Gross amounts offset in the consolidated balance sheets	—		—		—		—
Net amounts presented in the consolidated balance sheets	18,895		4,990		12,134		15,733

Gross amounts not offset in the consolidated balance sheets
Less: financial instruments	9,681		4,297		9,681		4,297
Less: financial collateral pledged	—		—		2,453		11,436
Net amounts	$	9,214	$	693	$	—	$	—

Schedule of Offsetting Liabilities

The following table presents the Company's gross derivative positions as recognized in the consolidated balance sheets as well as the net derivative positions, including collateral pledged to the extent the application of such collateral did not reduce the net derivative liability position below zero, had the Company elected to offset those instruments subject to an enforceable master netting agreement:


	Offsetting Derivative Assets				Offsetting Derivative Liabilities
	March 31, 2022		December 31, 2021		March 31, 2022		December 31, 2021
Gross amounts recognized	$	18,895	$	4,990	$	12,134	$	15,733
Gross amounts offset in the consolidated balance sheets	—		—		—		—
Net amounts presented in the consolidated balance sheets	18,895		4,990		12,134		15,733

Gross amounts not offset in the consolidated balance sheets
Less: financial instruments	9,681		4,297		9,681		4,297
Less: financial collateral pledged	—		—		2,453		11,436
Net amounts	$	9,214	$	693	$	—	$	—

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1B
-URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5580258-113959

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=125515794&loc=d3e41620-113959

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5579245-113959

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=125515794&loc=d3e41638-113959

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=125515794&loc=d3e41678-113959

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=125515794&loc=d3e41641-113959

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5579240-113959

+ Details

Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2022

Fair Value Disclosures [Abstract]

Schedule of Estimated Fair Values and Carrying Values of Financial Instruments

The following table contains the estimated fair values and the related carrying values of the Company's financial instruments. Items which are not financial instruments are not included.


			Fair Value
March 31, 2022	Carrying amount		Level 1		Level 2		Level 3		Total
Financial assets:
Cash and cash equivalents	$	1,743,311	$	1,743,311	$	—	$	—	$	1,743,311
Investment securities	1,686,738		—		1,686,738		—		1,686,738

Loans, net	7,884,927		—		—		7,872,659		7,872,659
Loans held for sale	396,728		—		318,549		78,179		396,728
Interest receivable	39,069		101		6,806		32,162		39,069
Mortgage servicing rights	144,675		—		—		144,675		144,675
Derivatives	38,180		—		38,180		—		38,180
Financial liabilities:
Deposits:
Without stated maturities	$	9,940,962	$	9,940,962	$	—	$	—	$	9,940,962
With stated maturities	1,055,316		—		1,060,935		—		1,060,935
Securities sold under agreement to repurchase and federal funds sold	25,937		25,937		—		—		25,937

Subordinated debt	128,308		—		—		129,742		129,742

Interest payable	1,476		124		960		392		1,476
Derivatives	33,029		—		33,029		—		33,029


	Fair Value
December 31, 2021	Carrying amount		Level 1		Level 2		Level 3		Total
Financial assets:
Cash and cash equivalents	$	1,797,740	$	1,797,740	$	—	$	—	$	1,797,740
Investment securities	1,681,892		—		1,681,892		—		1,681,892

Loans, net	7,479,103		—		—		7,566,717		7,566,717
Loans held for sale	752,223		—		672,924		79,299		752,223
Interest receivable	38,528		36		6,461		32,031		38,528
Mortgage servicing rights	115,512		—		—		115,512		115,512
Derivatives	27,384		—		27,384		—		27,384
Financial liabilities:
Deposits:
Without stated maturities	$	9,705,816	$	9,705,816	$	—	$	—	$	9,705,816
With stated maturities	1,131,081		—		1,137,647		—		1,137,647
Securities sold under agreement to repurchase and federal funds sold	40,716		40,716		—		—		40,716

Subordinated debt	129,544		—		—		133,021		133,021

Interest payable	3,162		140		1,510		1,512		3,162
Derivatives	21,000		—		21,000		—		21,000

Schedule of Balances and Levels of Assets Measured at Fair Value on Recurring Basis

The balances and levels of the assets measured at fair value on a recurring basis at March 31, 2022 are presented in the following table:


At March 31, 2022	Quoted prices in active markets for identical assets (liabilities) (level 1)		Significant other observable inputs (level 2)		Significant unobservable inputs (level 3)		Total
Recurring valuations:
Financial assets:
Available-for-sale securities:
U.S. government agency securities	$	—	$	38,882	$	—	$	38,882
Mortgage-backed securities - residential	—		1,232,256		—		1,232,256
Mortgage-backed securities - commercial	—		14,307		—		14,307
Municipal securities	—		310,138		—		310,138
Treasury securities	—		80,173		—		80,173
Corporate securities	—		7,769		—		7,769
Equity securities	—		3,213		—		3,213
Total securities	$	—	$	1,686,738	$	—	$	1,686,738
Loans held for sale	$	—	$	318,549	$	78,179	$	396,728
Mortgage servicing rights	—		—		144,675		144,675
Derivatives	—		38,180		—		38,180
Financial Liabilities:
Derivatives	—		33,029		—		33,029

The balances and levels of the assets measured at fair value on a recurring basis at December 31, 2021 are presented in the following table:


At December 31, 2021	Quoted prices in active markets for identical assets (liabilities) (level 1)		Significant other observable inputs (level 2)		Significant unobservable inputs (level 3)		Total
Recurring valuations:
Financial assets:
Available-for-sale securities:
U.S. government agency securities	$	—	$	33,870	$	—	$	33,870
Mortgage-backed securities - residential	—		1,269,372		—		1,269,372
Mortgage-backed securities - commercial	—		15,250		—		15,250
Municipal securities	—		338,610		—		338,610
Treasury securities	—		14,908		—		14,908
Corporate securities	—		6,515		—		6,515
Equity securities	—		3,367		—		3,367
Total securities	$	—	$	1,681,892	$	—	$	1,681,892
Loans held for sale	$	—	$	672,924	$	79,299	$	752,223
Mortgage servicing rights	—		—		115,512		115,512
Derivatives	—		27,384		—		27,384
Financial Liabilities:
Derivatives	—		21,000		—		21,000

Schedule of Balances and Levels of Assets Measured at Fair Value on Non-recurring Basis

The balances and levels of the assets measured at fair value on a non-recurring basis at March 31, 2022 are presented in the following table:


At March 31, 2022	Quoted prices in active markets for identical assets (liabilities (level 1)		Significant other observable inputs (level 2)		Significant unobservable inputs (level 3)		Total
Non-recurring valuations:
Financial assets:
Other real estate owned	$	—	$	—	$	1,836	$	1,836
Collateral dependent loans:
Commercial and industrial	$	—	$	—	$	11	$	11
Construction	—		—		601		601
Residential real estate:

Residential line of credit	—		—		311		311

Commercial real estate:
Owner occupied	—		—		2,140		2,140

Consumer and other	—		—		24		24
Total collateral dependent loans	$	—	$	—	$	3,087	$	3,087

The balances and levels of the assets measured at fair value on a non-recurring basis at December 31, 2021 are presented in the following table:


At December 31, 2021	Quoted prices in active markets for identical assets (liabilities) (level 1)		Significant other observable inputs (level 2)		Significant unobservable inputs (level 3)		Total
Non-recurring valuations:
Financial assets:
Other real estate owned	$	—	$	—	$	6,308	$	6,308
Collateral dependent loans:

Construction	—		—		606		606
Residential real estate:

Residential line of credit	—		—		592		592
Commercial real estate:
Owner occupied	—		—		729		729
Non-owner occupied	—		—		3,526		3,526
Consumer and other	—		—		24		24
Total collateral dependent loans	$	—	$	—	$	5,477	$	5,477

Schedule of Information About Significant Unobservable Inputs (Level 3) Used in Valuation of Assets Measured at Fair Value on Nonrecurring Basis

The following tables present information as of March 31, 2022 and December 31, 2021 about significant unobservable inputs (Level 3) used in the valuation of assets measured at fair value on a nonrecurring basis:

As of March 31, 2022

Financial instrument

Fair Value

Valuation technique

Significant
unobservable inputs

Range of
inputs

Collateral dependent loans

$

3,087

Valuation of collateral

Discount for comparable sales

10%-35%

Other real estate owned

$

1,836

Appraised value of property less costs to sell

Discount for costs to sell

0%-15%

As of December 31, 2021

Financial instrument

Fair Value

Valuation technique

Significant
unobservable inputs

Range of
inputs

Collateral dependent loans

$

5,477

Valuation of collateral

Discount for comparable sales

10%-35%

Other real estate owned

$

6,308

Appraised value of property less costs to sell

Discount for costs to sell

0%-15%

Schedule of Loans Held For Sale at Fair Value

The following table summarizes the Company's loans held for sale, at fair value, as of the dates presented:


	March 31,		December 31,
	2022		2021
Commercial and industrial	$	78,179	$	79,299
Residential real estate:
1-4 family mortgage	318,549		672,924
Total loans held for sale	$	396,728	$	752,223

Schedule of Changes in Associated with Commercial Loans Held For Sale

The following tables sets forth the changes in fair value associated with this portfolio for the three months ended March 31, 2022 and 2021.











	Three Months Ended March 31, 2022
	Principal Balance		Fair Value Discount		Fair Value
Carrying value at beginning of period	$	86,762	$	(7,463)	$	79,299
Change in fair value:
Pay-downs and pay-offs	(946)		—		(946)
Write-offs to discount	—		—		—
Changes in valuation included in other noninterest income	—		(174)		(174)
Carrying value at end of period	$	85,816	$	(7,637)	$	78,179


	Three Months Ended March 31, 2021
	Principal balance		Fair Value discount		Fair Value
Carrying value at beginning of period	$	239,063	$	(23,660)	$	215,403

Change in fair value:
Pay-downs and pay-offs	(39,566)		—		(39,566)
Write-offs to discount	(2,007)		2,007		—
Changes in valuation included in other noninterest income	—		(853)		(853)
Carrying value at end of period	$	197,490	$	(22,506)	$	174,984

Schedule of Differences between Fair Value and Principal Balance for Loans Held for Sale Measured at Fair Value

The following table summarizes the differences between the fair value and the principal balance for loans held for sale and nonaccrual loans measured at fair value as of March 31, 2022 and December 31, 2021:


March 31, 2022	Aggregate fair value		Aggregate Unpaid Principal Balance		Difference
Mortgage loans held for sale measured at fair value	$	318,549	$	320,516	$	(1,967)
Commercial loans held for sale measured at fair value	73,092		76,028		(2,936)

Nonaccrual commercial loans held for sale	5,087		9,788		(4,701)

December 31, 2021
Mortgage loans held for sale measured at fair value	$	672,924	$	658,017	$	14,907
Commercial loans held for sale measured at fair value	74,082		76,863		(2,781)

Nonaccrual commercial loans held for sale	5,217		9,899		(4,682)

Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Schedule of Segment Financial Information

The following tables provide segment financial information for three months ended March 31, 2022 and 2021 as follows:


Three Months Ended March 31, 2022	Banking		Mortgage		Consolidated
Net interest income	$	88,184	$	(2)	$	88,182
Provisions for credit losses(1)	(4,247)		—		(4,247)
Mortgage banking income(2)	—		29,278		29,278
Change in fair value of mortgage servicing rights, net of hedging(2)	—		253		253
Other noninterest income	11,983		(122)		11,861
Depreciation and amortization	1,710		326		2,036
Amortization of intangibles	1,244		—		1,244

Other noninterest expense	56,630		29,362		85,992
Income (loss) before income taxes	$	44,830	$	(281)	$	44,549
Income tax expense					9,313
Net income applicable to FB Financial Corporation and noncontrolling interest					35,236
Net income applicable to noncontrolling interest(3)					—
Net income applicable to FB Financial Corporation					$	35,236
Total assets	$	11,890,847	$	783,344	$	12,674,191
Goodwill	242,561		—		242,561

(1)Included $1,882 in provision for credit losses on unfunded commitments.

(2)Change in fair value of mortgage servicing rights, net of hedging is included in mortgage banking income in the Company's consolidated statements of income.

(3)Banking segment includes noncontrolling interest.


Three Months Ended March 31, 2021	Banking		Mortgage		Consolidated
Net interest income	$	82,597	$	(21)	$	82,576
Provisions for credit losses(1)	(13,854)		—		(13,854)
Mortgage banking income(2)	—		60,595		60,595
Change in fair value of mortgage servicing rights, net of hedging(2)	—		(5,263)		(5,263)
Other noninterest income	11,398		—		11,398
Depreciation and amortization	1,728		328		2,056
Amortization of intangibles	1,440		—		1,440

Other noninterest expense	52,567		38,635		91,202
Income before income taxes	$	52,114	$	16,348	$	68,462
Income tax expense					15,588


Net income applicable to FB Financial Corporation and noncontrolling interest					52,874
Net income applicable to noncontrolling interest(4)					—
Net income applicable to FB Financial Corporation					$	52,874
Total assets	$	10,787,955	$	1,147,871	$	11,935,826
Goodwill	242,561		—		242,561

(1)Includes $2,222 in provision for credit losses on unfunded commitments.

(2)Change in fair value of mortgage servicing rights, net of hedging is included in mortgage banking income in the Company's consolidated statements of income.

(3)Banking segment includes noncontrolling interest.

Minimum Capital Requirements (Tables)

3 Months Ended

Mar. 31, 2022

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

Schedule of Actual and Required Capital Amounts and Ratios

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


As of March 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	$	1,456,669	14.2	%		$	1,077,296	10.5	%	N/A		N/A
FirstBank	1,413,849		13.8	%		1,075,838		10.5	%	$	1,024,608	10.0	%
Tier 1 Capital (to risk-weighted assets)
FB Financial Corporation	$	1,264,358	12.3	%		$	872,096	8.5	%	N/A		N/A
FirstBank	1,221,538		11.9	%		870,917		8.5	%	$	819,686	8.0	%
Tier 1 Capital (to average assets)
FB Financial Corporation	$	1,264,358	10.2	%		$	497,942	4.0	%	N/A		N/A
FirstBank	1,221,538		9.8	%		497,337		4.0	%	$	621,671	5.0	%
Common Equity Tier 1 Capital (to risk-weighted assets)
FB Financial Corporation	$	1,234,358	12.0	%		$	718,197	7.0	%	N/A		N/A
FirstBank	1,221,538		11.9	%		717,226		7.0	%	$	665,995	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	%

Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2022

Share-based Payment Arrangement [Abstract]

Schedule of Changes in Restricted Stock Units

The following table summarizes information about the changes in restricted stock units for the three months ended March 31, 2022:




	Restricted Stock Units Outstanding	Weighted Average Grant Date Fair Value
Balance at beginning of period	492,320	$	36.06
Granted	123,709	44.43
Vested	(101,057)	33.61
Forfeited	(3,372)	39.70
Balance at end of period	511,600	$	38.56

Schedule of Changes in Performance Stock Units

The following table summarizes information about the changes in PSUs as of and for the three months ended March 31, 2022.






	Performance Stock Units Outstanding	Weighted Average Grant Date Fair Value
Balance at beginning of period (unvested)	115,750	$	40.13
Granted	69,010	44.44
Vested	—	—
Forfeited or expired	—	—
Balance at end of period (unvested)	184,760	$	41.74

Related Party Transactions (Tables)

3 Months Ended

Mar. 31, 2022

Schedule of Loans Analysis to Executive Officers, Certain Management, Bank Directors and Their Affiliates

An analysis of loans to executive officers, certain management, and directors of the Bank and their affiliates is presented below:


Loans outstanding at January 1, 2022	$	29,010
New loans and advances	39,767
Change in related party status	(9,037)
Repayments	(192)
Loans outstanding at March 31, 2022	$	59,548

Basis of Presentation - Narrative (Details) $ / shares in Units, $ in Thousands		1 Months Ended	3 Months Ended		8 Months Ended
	May 10, 2022 channel	May 10, 2022 USD ($) $ / shares shares	Mar. 31, 2022 channel branch	Mar. 31, 2021	Dec. 31, 2022 USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Number of full-service branches \| branch			81
Number of distinct delivery channels \| channel			2
Real Genius Delivery Channel \| Mortgage
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Interest rate lock volume, percentage			43.40%	50.20%
Sales volume contribution, percent			50.70%	52.80%
Real Genius Delivery Channel \| Mortgage \| Minimum \| Forecast
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Pre tax restructuring charges					$ 11,000
Real Genius Delivery Channel \| Mortgage \| Maximum \| Forecast
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Pre tax restructuring charges					$ 13,000
Subsequent Event
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Number of delivery channels, discontinued \| channel	1
Shares repurchased (in shares) \| shares		400,000
Average cost per share (in dollars per share) \| $ / shares		$ 40.91
Repurchase amount		$ 16,366

Basis of Presentation - Basic and Diluted Earnings Per Common Share Calculation (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Basic earnings per common share calculation:
Net income applicable to FB Financial Corporation	$ 35,236	$ 52,874
Dividends paid on and undistributed earnings allocated to participating securities	0	0
Earnings available to common shareholders	$ 35,236	$ 52,874
Weighted average basic shares outstanding (in shares)	47,530,520	47,278,865
Basic earnings (loss) per common share (in dollars per share)	$ 0.74	$ 1.12
Diluted earnings per common share:
Earnings available to common shareholders	$ 35,236	$ 52,874
Weighted average basic shares outstanding (in shares)	47,530,520	47,278,865
Weighted average diluted shares contingently issuable (in shares)	193,382	690,241
Weighted average diluted shares outstanding (in shares)	47,723,902	47,969,106
Diluted (loss) earnings per common share (in dollars per share)	$ 0.74	$ 1.10
Restricted Stock Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Restricted stock units outstanding considered to be antidilutive (in shares)	123,709	87,452

Investment Securities - Summary of Amortized Cost and Fair Value of Securities (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Debt Securities, Available-for-sale [Abstract]
Amortized cost	$ 1,784,458,000	$ 1,673,798,000
Gross unrealized gains	4,232,000	23,120,000
Gross unrealized losses	(105,165,000)	(18,393,000)
Allowance for credit losses for investments	0	0
Fair Value	1,683,525,000	1,678,525,000
U.S. government agency securities
Debt Securities, Available-for-sale [Abstract]
Amortized cost	41,015,000	34,023,000
Gross unrealized gains	0	18,000
Gross unrealized losses	(2,133,000)	(171,000)
Allowance for credit losses for investments	0	0
Fair Value	38,882,000	33,870,000
Mortgage-backed securities - residential
Debt Securities, Available-for-sale [Abstract]
Amortized cost	1,320,205,000	1,281,285,000
Gross unrealized gains	616,000	6,072,000
Gross unrealized losses	(88,565,000)	(17,985,000)
Allowance for credit losses for investments	0	0
Fair Value	1,232,256,000	1,269,372,000
Mortgage-backed securities - commercial
Debt Securities, Available-for-sale [Abstract]
Amortized cost	14,738,000	15,024,000
Gross unrealized gains	14,000	272,000
Gross unrealized losses	(445,000)	(46,000)
Allowance for credit losses for investments	0	0
Fair Value	14,307,000	15,250,000
Municipal securities
Debt Securities, Available-for-sale [Abstract]
Amortized cost	318,587,000	322,052,000
Gross unrealized gains	3,594,000	16,718,000
Gross unrealized losses	(12,043,000)	(160,000)
Allowance for credit losses for investments	0	0
Fair Value	310,138,000	338,610,000
U.S. Treasury securities
Debt Securities, Available-for-sale [Abstract]
Amortized cost	81,913,000	14,914,000
Gross unrealized gains	4,000	0
Gross unrealized losses	(1,744,000)	(6,000)
Allowance for credit losses for investments	0	0
Fair Value	80,173,000	14,908,000
Corporate securities
Debt Securities, Available-for-sale [Abstract]
Amortized cost	8,000,000	6,500,000
Gross unrealized gains	4,000	40,000
Gross unrealized losses	(235,000)	(25,000)
Allowance for credit losses for investments	0	0
Fair Value	$ 7,769,000	$ 6,515,000

Investment Securities - Narrative (Details)	3 Months Ended		12 Months Ended
Investment Securities - Narrative (Details)	Mar. 31, 2022 USD ($) security	Mar. 31, 2021 USD ($)	Dec. 31, 2021 USD ($) security	Dec. 31, 2020 USD ($)
Debt and Equity Securities, FV-NI [Line Items]
Accrued interest receivable	$ 39,069,000		$ 38,528,000
Marketable securities at fair value	3,213,000		3,367,000
Trade date receivable - securities	0		0
Net (loss) gain on change in fair value and sale of equity securities	(154,000)	$ 76,000
Allowance for credit losses for investments	$ 0		$ 0
Number of securities in securities portfolio \| security	514		511
Number of securities in securities portfolio, unrealized loss position \| security	321		80
Unrealized loss position	$ 1,434,900,000		$ 1,030,914,000
Collateral Pledged
Debt and Equity Securities, FV-NI [Line Items]
Securities pledged	1,253,407,000		1,226,646,000
Debt Securities
Debt and Equity Securities, FV-NI [Line Items]
Accrued interest receivable	5,331,000		5,051,000
Increase (decrease) in debt securities, available for sale	(105,600,000)	(15,400,000)
Unrealized loss position	$ 100,900,000
Unrealized gain position		$ 19,200,000	$ 4,700,000	$ 34,600,000

Investment Securities - Schedule of Amortized Cost and Fair Value of Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Amortized cost
Due in one year or less	$ 19,614	$ 21,851
Due in one to five years	121,436	54,847
Due in five to ten years	55,733	45,714
Due in over ten years	252,732	255,077
Amortized cost, sub-total	449,515	377,489
Total debt securities	1,784,458	1,673,798
Fair value
Due in one year or less	19,602	21,884
Due in one to five years	118,438	55,307
Due in five to ten years	54,635	46,975
Due in over ten years	244,287	269,737
Fair value, sub-total	436,962	393,903
Total debt securities	1,683,525	1,678,525
Mortgage-backed securities - residential
Amortized cost
Mortgage-backed securities	1,320,205	1,281,285
Total debt securities	1,320,205	1,281,285
Fair value
Mortgage-backed securities	1,232,256	1,269,372
Total debt securities	1,232,256	1,269,372
Mortgage-backed securities - commercial
Amortized cost
Mortgage-backed securities	14,738	15,024
Total debt securities	14,738	15,024
Fair value
Mortgage-backed securities	14,307	15,250
Total debt securities	$ 14,307	$ 15,250

Investment Securities - Summary of Sales and Other Dispositions of Securities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Proceeds from sales	$ 0	$ 0
Proceeds from maturities, prepayments and calls	57,443	61,040
Gross realized gains	2	7
Gross realized losses	$ 0	$ 0

Investment Securities - Schedule of Gross Unrealized Losses on Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Debt Securities, Available-for-sale [Abstract]
Fair Value, Less than 12 months	$ 1,257,882	$ 928,115
Unrealized Loss, Less than 12 months	(87,240)	(14,703)
Fair Value, 12 months or more	177,018	102,799
Unrealized Loss, 12 months or more	(17,925)	(3,690)
Fair Value, Total	1,434,900	1,030,914
Unrealized Loss, Total	(105,165)	(18,393)
U.S. government agency securities
Debt Securities, Available-for-sale [Abstract]
Fair Value, Less than 12 months	38,882	18,360
Unrealized Loss, Less than 12 months	(2,133)	(171)
Fair Value, 12 months or more	0	0
Unrealized Loss, 12 months or more	0	0
Fair Value, Total	38,882	18,360
Unrealized Loss, Total	(2,133)	(171)
Mortgage-backed securities - residential
Debt Securities, Available-for-sale [Abstract]
Fair Value, Less than 12 months	961,993	871,368
Unrealized Loss, Less than 12 months	(70,839)	(14,295)
Fair Value, 12 months or more	175,988	102,799
Unrealized Loss, 12 months or more	(17,726)	(3,690)
Fair Value, Total	1,137,981	974,167
Unrealized Loss, Total	(88,565)	(17,985)
Mortgage-backed securities - commercial
Debt Securities, Available-for-sale [Abstract]
Fair Value, Less than 12 months	9,647	7,946
Unrealized Loss, Less than 12 months	(445)	(46)
Fair Value, 12 months or more	0	0
Unrealized Loss, 12 months or more	0	0
Fair Value, Total	9,647	7,946
Unrealized Loss, Total	(445)	(46)
Municipal securities
Debt Securities, Available-for-sale [Abstract]
Fair Value, Less than 12 months	192,546	11,414
Unrealized Loss, Less than 12 months	(11,844)	(160)
Fair Value, 12 months or more	1,030	0
Unrealized Loss, 12 months or more	(199)	0
Fair Value, Total	193,576	11,414
Unrealized Loss, Total	(12,043)	(160)
U.S. Treasury securities
Debt Securities, Available-for-sale [Abstract]
Fair Value, Less than 12 months	47,918	14,908
Unrealized Loss, Less than 12 months	(1,744)	(6)
Fair Value, 12 months or more	0	0
Unrealized Loss, 12 months or more	0	0
Fair Value, Total	47,918	14,908
Unrealized Loss, Total	(1,744)	(6)
Corporate securities
Debt Securities, Available-for-sale [Abstract]
Fair Value, Less than 12 months	6,896	4,119
Unrealized Loss, Less than 12 months	(235)	(25)
Fair Value, 12 months or more	0	0
Unrealized Loss, 12 months or more	0	0
Fair Value, Total	6,896	4,119
Unrealized Loss, Total	$ (235)	$ (25)

Loans and Allowance for Credit Losses - Loans Outstanding by Class of Financing Receivable (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Financing Receivable, Past Due [Line Items]
Gross loans	$ 8,004,976	$ 7,604,662
Less: Allowance for credit losses	(120,049)	(125,559)	$ (157,954)	$ (170,389)
Net loans	7,884,927	7,479,103
Paycheck Protection Program
Financing Receivable, Past Due [Line Items]
Loans originated as part of PPP program	2,062	3,990
Commercial and industrial
Financing Receivable, Past Due [Line Items]
Gross loans	1,380,600	1,290,565
Less: Allowance for credit losses	(12,699)	(15,751)	(14,643)	(14,748)
Construction
Financing Receivable, Past Due [Line Items]
Gross loans	1,468,811	1,327,659
Less: Allowance for credit losses	(31,782)	(28,576)	(38,622)	(58,477)
Residential real estate: \| 1-to-4 family mortgage
Financing Receivable, Past Due [Line Items]
Gross loans	1,346,349	1,270,467
Less: Allowance for credit losses	(21,024)	(19,104)	(19,572)	(19,220)
Residential real estate: \| Residential line of credit
Financing Receivable, Past Due [Line Items]
Gross loans	392,740	383,039
Less: Allowance for credit losses	(6,545)	(5,903)	(9,268)	(10,534)
Residential real estate: \| Multi-family mortgage
Financing Receivable, Past Due [Line Items]
Gross loans	400,501	326,551
Less: Allowance for credit losses	(6,398)	(6,976)	(11,657)	(7,174)
Commercial real estate: \| Owner occupied
Financing Receivable, Past Due [Line Items]
Gross loans	978,436	951,582
Less: Allowance for credit losses	(8,416)	(12,593)	(3,609)	(4,849)
Commercial real estate: \| Non-owner occupied
Financing Receivable, Past Due [Line Items]
Gross loans	1,706,546	1,730,165
Less: Allowance for credit losses	(21,290)	(25,768)	(50,179)	(44,147)
Consumer and other
Financing Receivable, Past Due [Line Items]
Gross loans	330,993	324,634
Less: Allowance for credit losses	$ (11,895)	$ (10,888)	$ (10,404)	$ (11,240)

Loans and Allowance for Credit Losses - Narrative (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Accrued interest receivable on loans	$ 31,746,000		$ 31,676,000
Accrued interest receivable written off as an adjustment to interest income on non-accrual loans	184,000	$ 465,000
Recorded investment in TDRs	20,601,000		32,435,000
TDRs classified as non-accruals	13,722,000		11,084,000
Allocation to specific reserves	1,994,000		1,245,000
Payment default for loans modified as troubled debt restructurings	304,000	$ 0
Federal Reserve Bank
Financing Receivable, Past Due [Line Items]
Pledged loans to the Federal Reserve Bank	2,719,096,000		2,440,097,000
FHLB Cincinnati \| Residential Mortgage Loans
Financing Receivable, Past Due [Line Items]
Pledge loans to the Federal Home Loan Bank securing advances	1,001,027,000		1,136,294,000
FHLB Cincinnati \| Commercial Loan
Financing Receivable, Past Due [Line Items]
Pledge loans to the Federal Home Loan Bank securing advances	$ 1,530,928,000		$ 1,581,673,000

Loans and Allowance for Credit Losses - Changes in Allowance for Credit Losses by Class of Financing Receivable (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Allowance for Loan and Lease Losses [Roll Forward]
Balance at beginning of period	$ 125,559	$ 170,389
Provision for credit losses	(6,129)	(11,632)
Recoveries of loans previously charged-off	1,198	367
Loans charged off	(579)	(1,170)
Balance at end of period	120,049	157,954
Commercial and industrial
Allowance for Loan and Lease Losses [Roll Forward]
Balance at beginning of period	15,751	14,748
Provision for credit losses	(4,006)	43
Recoveries of loans previously charged-off	958	129
Loans charged off	(4)	(277)
Balance at end of period	12,699	14,643
Construction
Allowance for Loan and Lease Losses [Roll Forward]
Balance at beginning of period	28,576	58,477
Provision for credit losses	3,206	(19,826)
Recoveries of loans previously charged-off	0	0
Loans charged off	0	(29)
Balance at end of period	31,782	38,622
Residential real estate: \| 1-to-4 family mortgage
Allowance for Loan and Lease Losses [Roll Forward]
Balance at beginning of period	19,104	19,220
Provision for credit losses	1,908	461
Recoveries of loans previously charged-off	12	24
Loans charged off	0	(133)
Balance at end of period	21,024	19,572
Residential real estate: \| Residential line of credit
Allowance for Loan and Lease Losses [Roll Forward]
Balance at beginning of period	5,903	10,534
Provision for credit losses	641	(1,257)
Recoveries of loans previously charged-off	1	6
Loans charged off	0	(15)
Balance at end of period	6,545	9,268
Residential real estate: \| Multi-family mortgage
Allowance for Loan and Lease Losses [Roll Forward]
Balance at beginning of period	6,976	7,174
Provision for credit losses	(578)	4,483
Recoveries of loans previously charged-off	0	0
Loans charged off	0	0
Balance at end of period	6,398	11,657
Commercial real estate: \| Owner occupied
Allowance for Loan and Lease Losses [Roll Forward]
Balance at beginning of period	12,593	4,849
Provision for credit losses	(4,187)	(1,253)
Recoveries of loans previously charged-off	10	13
Loans charged off	0	0
Balance at end of period	8,416	3,609
Commercial real estate: \| Non-owner occupied
Allowance for Loan and Lease Losses [Roll Forward]
Balance at beginning of period	25,768	44,147
Provision for credit losses	(4,478)	6,032
Recoveries of loans previously charged-off	0	0
Loans charged off	0	0
Balance at end of period	21,290	50,179
Consumer and other
Allowance for Loan and Lease Losses [Roll Forward]
Balance at beginning of period	10,888	11,240
Provision for credit losses	1,365	(315)
Recoveries of loans previously charged-off	217	195
Loans charged off	(575)	(716)
Balance at end of period	$ 11,895	$ 10,404

Loans and Allowance for Credit Losses - Credit Quality of Loan Portfolio by Year of Origination (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	$ 8,004,976	$ 7,604,662
Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
2022-2021	86,780	274,229
2021-2020	263,023	97,679
2020-2019	86,654	144,263
2019-2018	126,248	55,883
2018-2017	49,779	37,370
Prior	91,976	64,964
Revolving Loans Amortized Cost Basis	676,140	616,177
Total	1,380,600	1,290,565
Commercial and industrial \| Pass
Financing Receivable, Allowance for Credit Loss [Line Items]
2022-2021	86,753	273,232
2021-2020	262,073	95,279
2020-2019	84,369	140,938
2019-2018	123,038	52,162
2018-2017	46,230	33,997
Prior	80,906	57,020
Revolving Loans Amortized Cost Basis	656,672	596,667
Total	1,340,041	1,249,295
Commercial and industrial \| Special Mention
Financing Receivable, Allowance for Credit Loss [Line Items]
2022-2021	27	79
2021-2020	50	9
2020-2019	0	949
2019-2018	941	632
2018-2017	616	3
Prior	1,494	1,519
Revolving Loans Amortized Cost Basis	12,570	12,367
Total	15,698	15,558
Commercial and industrial \| Classified
Financing Receivable, Allowance for Credit Loss [Line Items]
2022-2021	0	918
2021-2020	900	2,391
2020-2019	2,285	2,376
2019-2018	2,269	3,089
2018-2017	2,933	3,370
Prior	9,576	6,425
Revolving Loans Amortized Cost Basis	6,898	7,143
Total	24,861	25,712
Construction - Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
2022-2021	103,294	335,758
2021-2020	322,557	164,439
2020-2019	179,347	115,907
2019-2018	114,872	21,256
2018-2017	17,366	16,176
Prior	67,104	66,637
Revolving Loans Amortized Cost Basis	48,065	43,948
Total	852,605	764,121
Construction - Commercial \| Pass
Financing Receivable, Allowance for Credit Loss [Line Items]
2022-2021	103,294	335,758
2021-2020	322,557	164,428
2020-2019	179,337	112,985
2019-2018	111,794	18,374
2018-2017	17,366	14,965
Prior	63,846	64,516
Revolving Loans Amortized Cost Basis	47,864	43,748
Total	846,058	754,774
Construction - Commercial \| Special Mention
Financing Receivable, Allowance for Credit Loss [Line Items]
2022-2021	0	0
2021-2020	0	11
2020-2019	10	0
2019-2018	0	0
2018-2017	0	1,208
Prior	2,579	1,384
Revolving Loans Amortized Cost Basis	0	0
Total	2,589	2,603
Construction - Commercial \| Classified
Financing Receivable, Allowance for Credit Loss [Line Items]
2022-2021	0	0
2021-2020	0	0
2020-2019	0	2,922
2019-2018	3,078	2,882
2018-2017	0	3
Prior	679	737
Revolving Loans Amortized Cost Basis	201	200
Total	3,958	6,744
Construction - Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
2022-2021	63,687	341,562
2021-2020	345,094	116,573
2020-2019	87,761	22,783
2019-2018	18,312	5,542
2018-2017	5,815	348
Prior	4,328	3,302
Revolving Loans Amortized Cost Basis	91,209	73,428
Total	616,206	563,538
Construction - Consumer \| Performing
Financing Receivable, Allowance for Credit Loss [Line Items]
2022-2021	63,687	341,562
2021-2020	345,094	116,352
2020-2019	87,761	22,783
2019-2018	18,312	5,542
2018-2017	5,815	348
Prior	4,328	3,302
Revolving Loans Amortized Cost Basis	91,209	73,428
Total	616,206	563,317
Construction - Consumer \| Nonperforming
Financing Receivable, Allowance for Credit Loss [Line Items]
2022-2021	0	0
2021-2020	0	221
2020-2019	0	0
2019-2018	0	0
2018-2017	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	0	0
Total	0	221
Residential real estate: \| Multi-family mortgage
Financing Receivable, Allowance for Credit Loss [Line Items]
2022-2021	53,167	166,576
2021-2020	190,584	32,242
2020-2019	32,964	64,345
2019-2018	64,201	7,124
2018-2017	5,124	5,602
Prior	43,357	39,771
Revolving Loans Amortized Cost Basis	11,104	10,891
Total	400,501	326,551
Residential real estate: \| Multi-family mortgage \| Pass
Financing Receivable, Allowance for Credit Loss [Line Items]
2022-2021	53,167	166,576
2021-2020	190,584	32,242
2020-2019	32,964	64,345
2019-2018	64,201	7,124
2018-2017	5,124	5,602
Prior	42,130	38,526
Revolving Loans Amortized Cost Basis	11,104	10,891
Total	399,274	325,306
Residential real estate: \| Multi-family mortgage \| Special Mention
Financing Receivable, Allowance for Credit Loss [Line Items]
2022-2021	0	0
2021-2020	0	0
2020-2019	0	0
2019-2018	0	0
2018-2017	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	0	0
Total	0	0
Residential real estate: \| Multi-family mortgage \| Classified
Financing Receivable, Allowance for Credit Loss [Line Items]
2022-2021	0	0
2021-2020	0	0
2020-2019	0	0
2019-2018	0	0
2018-2017	0	0
Prior	1,227	1,245
Revolving Loans Amortized Cost Basis	0	0
Total	1,227	1,245
Residential real estate: \| 1-to-4 family mortgage
Financing Receivable, Allowance for Credit Loss [Line Items]
2022-2021	161,778	522,765
2021-2020	503,784	208,424
2020-2019	186,998	122,752
2019-2018	114,880	102,593
2018-2017	91,778	110,852
Prior	287,131	203,081
Revolving Loans Amortized Cost Basis	0	0
Total	1,346,349	1,270,467
Residential real estate: \| 1-to-4 family mortgage \| Performing
Financing Receivable, Allowance for Credit Loss [Line Items]
2022-2021	161,778	521,533
2021-2020	500,544	204,690
2020-2019	184,028	121,775
2019-2018	113,736	100,164
2018-2017	89,201	109,087
Prior	282,039	199,262
Revolving Loans Amortized Cost Basis	0	0
Total	1,331,326	1,256,511
Residential real estate: \| 1-to-4 family mortgage \| Nonperforming
Financing Receivable, Allowance for Credit Loss [Line Items]
2022-2021	0	1,232
2021-2020	3,240	3,734
2020-2019	2,970	977
2019-2018	1,144	2,429
2018-2017	2,577	1,765
Prior	5,092	3,819
Revolving Loans Amortized Cost Basis	0	0
Total	15,023	13,956
Residential real estate: \| Residential line of credit
Financing Receivable, Allowance for Credit Loss [Line Items]
2022-2021	0	0
2021-2020	0	0
2020-2019	0	0
2019-2018	0	0
2018-2017	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	392,740	383,039
Total	392,740	383,039
Residential real estate: \| Residential line of credit \| Performing
Financing Receivable, Allowance for Credit Loss [Line Items]
2022-2021	0	0
2021-2020	0	0
2020-2019	0	0
2019-2018	0	0
2018-2017	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	391,163	381,303
Total	391,163	381,303
Residential real estate: \| Residential line of credit \| Nonperforming
Financing Receivable, Allowance for Credit Loss [Line Items]
2022-2021	0	0
2021-2020	0	0
2020-2019	0	0
2019-2018	0	0
2018-2017	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	1,577	1,736
Total	1,577	1,736
Commercial real estate: \| Owner occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
2022-2021	53,495	170,773
2021-2020	178,092	131,471
2020-2019	127,679	178,861
2019-2018	169,201	88,007
2018-2017	83,837	74,119
Prior	308,401	249,169
Revolving Loans Amortized Cost Basis	57,731	59,182
Total	978,436	951,582
Commercial real estate: \| Owner occupied \| Pass
Financing Receivable, Allowance for Credit Loss [Line Items]
2022-2021	53,495	170,773
2021-2020	178,092	131,471
2020-2019	127,649	174,257
2019-2018	164,620	83,698
2018-2017	78,970	69,939
Prior	293,791	236,998
Revolving Loans Amortized Cost Basis	56,543	57,123
Total	953,160	924,259
Commercial real estate: \| Owner occupied \| Special Mention
Financing Receivable, Allowance for Credit Loss [Line Items]
2022-2021	0	0
2021-2020	0	0
2020-2019	30	1,502
2019-2018	1,492	3,541
2018-2017	3,200	885
Prior	2,325	2,555
Revolving Loans Amortized Cost Basis	210	213
Total	7,257	8,696
Commercial real estate: \| Owner occupied \| Classified
Financing Receivable, Allowance for Credit Loss [Line Items]
2022-2021	0	0
2021-2020	0	0
2020-2019	0	3,102
2019-2018	3,089	768
2018-2017	1,667	3,295
Prior	12,285	9,616
Revolving Loans Amortized Cost Basis	978	1,846
Total	18,019	18,627
Commercial real estate: \| Non-owner occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
2022-2021	80,277	462,478
2021-2020	439,956	154,048
2020-2019	126,299	171,562
2019-2018	161,493	292,092
2018-2017	261,036	172,108
Prior	582,110	431,336
Revolving Loans Amortized Cost Basis	55,375	46,541
Total	1,706,546	1,730,165
Commercial real estate: \| Non-owner occupied \| Pass
Financing Receivable, Allowance for Credit Loss [Line Items]
2022-2021	80,277	462,478
2021-2020	439,956	154,048
2020-2019	126,299	165,917
2019-2018	157,806	264,855
2018-2017	257,327	170,602
Prior	568,790	414,859
Revolving Loans Amortized Cost Basis	55,375	46,541
Total	1,685,830	1,679,300
Commercial real estate: \| Non-owner occupied \| Special Mention
Financing Receivable, Allowance for Credit Loss [Line Items]
2022-2021	0	0
2021-2020	0	0
2020-2019	0	3,747
2019-2018	3,687	3,388
2018-2017	249	0
Prior	985	969
Revolving Loans Amortized Cost Basis	0	0
Total	4,921	8,104
Commercial real estate: \| Non-owner occupied \| Classified
Financing Receivable, Allowance for Credit Loss [Line Items]
2022-2021	0	0
2021-2020	0	0
2020-2019	0	1,898
2019-2018	0	23,849
2018-2017	3,460	1,506
Prior	12,335	15,508
Revolving Loans Amortized Cost Basis	0	0
Total	15,795	42,761
Consumer and other
Financing Receivable, Allowance for Credit Loss [Line Items]
2022-2021	33,831	83,109
2021-2020	72,363	55,468
2020-2019	51,528	38,826
2019-2018	37,107	34,245
2018-2017	32,578	22,717
Prior	94,582	75,744
Revolving Loans Amortized Cost Basis	9,004	14,525
Total	330,993	324,634
Consumer and other \| Performing
Financing Receivable, Allowance for Credit Loss [Line Items]
2022-2021	33,831	82,910
2021-2020	72,033	55,123
2020-2019	51,086	38,281
2019-2018	36,589	32,893
2018-2017	31,037	21,856
Prior	92,155	74,248
Revolving Loans Amortized Cost Basis	9,004	14,478
Total	325,735	319,789
Consumer and other \| Nonperforming
Financing Receivable, Allowance for Credit Loss [Line Items]
2022-2021	0	199
2021-2020	330	345
2020-2019	442	545
2019-2018	518	1,352
2018-2017	1,541	861
Prior	2,427	1,496
Revolving Loans Amortized Cost Basis	0	47
Total	5,258	4,845
Total consumer loans
Financing Receivable, Allowance for Credit Loss [Line Items]
2022-2021	259,296	947,436
2021-2020	921,241	380,465
2020-2019	326,287	184,361
2019-2018	170,299	142,380
2018-2017	130,171	133,917
Prior	386,041	282,127
Revolving Loans Amortized Cost Basis	492,953	470,992
Total	2,686,288	2,541,678
Total consumer loans \| Performing
Financing Receivable, Allowance for Credit Loss [Line Items]
2022-2021	259,296	946,005
2021-2020	917,671	376,165
2020-2019	322,875	182,839
2019-2018	168,637	138,599
2018-2017	126,053	131,291
Prior	378,522	276,812
Revolving Loans Amortized Cost Basis	491,376	469,209
Total	2,664,430	2,520,920
Total consumer loans \| Nonperforming
Financing Receivable, Allowance for Credit Loss [Line Items]
2022-2021	0	1,431
2021-2020	3,570	4,300
2020-2019	3,412	1,522
2019-2018	1,662	3,781
2018-2017	4,118	2,626
Prior	7,519	5,315
Revolving Loans Amortized Cost Basis	1,577	1,783
Total	21,858	20,758
Total Commercial Loans
Financing Receivable, Allowance for Credit Loss [Line Items]
2022-2021	377,013	1,409,814
2021-2020	1,394,212	579,879
2020-2019	552,943	674,938
2019-2018	636,015	464,362
2018-2017	417,142	305,375
Prior	1,092,948	851,877
Revolving Loans Amortized Cost Basis	848,415	776,739
Total	5,318,688	5,062,984
Total Commercial Loans \| Pass
Financing Receivable, Allowance for Credit Loss [Line Items]
2022-2021	376,986	1,408,817
2021-2020	1,393,262	577,468
2020-2019	550,618	658,442
2019-2018	621,459	426,213
2018-2017	405,017	295,105
Prior	1,049,463	811,919
Revolving Loans Amortized Cost Basis	827,558	754,970
Total	5,224,363	4,932,934
Total Commercial Loans \| Special Mention
Financing Receivable, Allowance for Credit Loss [Line Items]
2022-2021	27	79
2021-2020	50	20
2020-2019	40	6,198
2019-2018	6,120	7,561
2018-2017	4,065	2,096
Prior	7,383	6,427
Revolving Loans Amortized Cost Basis	12,780	12,580
Total	30,465	34,961
Total Commercial Loans \| Classified
Financing Receivable, Allowance for Credit Loss [Line Items]
2022-2021	0	918
2021-2020	900	2,391
2020-2019	2,285	10,298
2019-2018	8,436	30,588
2018-2017	8,060	8,174
Prior	36,102	33,531
Revolving Loans Amortized Cost Basis	8,077	9,189
Total	$ 63,860	$ 95,089

Loans and Allowance for Credit Losses - Analysis of Aging by Class of Financing Receivable (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Loans	$ 8,004,976	$ 7,604,662
90 days or more and accruing interest	12,873	11,735
Non-accrual loans	27,826	35,568
30-89 days past due
Financing Receivable, Past Due [Line Items]
Loans	23,915	26,450
Loans current on payments and accruing interest
Financing Receivable, Past Due [Line Items]
Loans	7,940,362	7,530,909
Commercial and industrial
Financing Receivable, Past Due [Line Items]
Loans	1,380,600	1,290,565
90 days or more and accruing interest	58	63
Non-accrual loans	3,882	1,520
Commercial and industrial \| 30-89 days past due
Financing Receivable, Past Due [Line Items]
Loans	1,543	1,030
Commercial and industrial \| Loans current on payments and accruing interest
Financing Receivable, Past Due [Line Items]
Loans	1,375,117	1,287,952
Construction
Financing Receivable, Past Due [Line Items]
Loans	1,468,811	1,327,659
90 days or more and accruing interest	0	718
Non-accrual loans	679	3,622
Construction \| 30-89 days past due
Financing Receivable, Past Due [Line Items]
Loans	2,622	4,852
Construction \| Loans current on payments and accruing interest
Financing Receivable, Past Due [Line Items]
Loans	1,465,510	1,318,467
Residential real estate: \| 1-to-4 family mortgage
Financing Receivable, Past Due [Line Items]
Loans	1,346,349	1,270,467
90 days or more and accruing interest	11,724	9,363
Non-accrual loans	3,299	4,593
Residential real estate: \| 1-to-4 family mortgage \| 30-89 days past due
Financing Receivable, Past Due [Line Items]
Loans	13,508	11,007
Residential real estate: \| 1-to-4 family mortgage \| Loans current on payments and accruing interest
Financing Receivable, Past Due [Line Items]
Loans	1,317,818	1,245,504
Residential real estate: \| Residential line of credit
Financing Receivable, Past Due [Line Items]
Loans	392,740	383,039
90 days or more and accruing interest	0	0
Non-accrual loans	1,577	1,736
Residential real estate: \| Residential line of credit \| 30-89 days past due
Financing Receivable, Past Due [Line Items]
Loans	536	319
Residential real estate: \| Residential line of credit \| Loans current on payments and accruing interest
Financing Receivable, Past Due [Line Items]
Loans	390,627	380,984
Residential real estate: \| Multi-family mortgage
Financing Receivable, Past Due [Line Items]
Loans	400,501	326,551
90 days or more and accruing interest	0	0
Non-accrual loans	48	49
Residential real estate: \| Multi-family mortgage \| 30-89 days past due
Financing Receivable, Past Due [Line Items]
Loans	0	0
Residential real estate: \| Multi-family mortgage \| Loans current on payments and accruing interest
Financing Receivable, Past Due [Line Items]
Loans	400,453	326,502
Commercial real estate: \| Owner occupied
Financing Receivable, Past Due [Line Items]
Loans	978,436	951,582
90 days or more and accruing interest	0	0
Non-accrual loans	6,989	6,710
Commercial real estate: \| Owner occupied \| 30-89 days past due
Financing Receivable, Past Due [Line Items]
Loans	415	1,417
Commercial real estate: \| Owner occupied \| Loans current on payments and accruing interest
Financing Receivable, Past Due [Line Items]
Loans	971,032	943,455
Commercial real estate: \| Non-owner occupied
Financing Receivable, Past Due [Line Items]
Loans	1,706,546	1,730,165
90 days or more and accruing interest	0	0
Non-accrual loans	7,185	14,084
Commercial real estate: \| Non-owner occupied \| 30-89 days past due
Financing Receivable, Past Due [Line Items]
Loans	986	427
Commercial real estate: \| Non-owner occupied \| Loans current on payments and accruing interest
Financing Receivable, Past Due [Line Items]
Loans	1,698,375	1,715,654
Consumer and other
Financing Receivable, Past Due [Line Items]
Loans	330,993	324,634
90 days or more and accruing interest	1,091	1,591
Non-accrual loans	4,167	3,254
Consumer and other \| 30-89 days past due
Financing Receivable, Past Due [Line Items]
Loans	4,305	7,398
Consumer and other \| Loans current on payments and accruing interest
Financing Receivable, Past Due [Line Items]
Loans	$ 321,430	$ 312,391

Loans and Allowance for Credit Losses - Amortized Cost and Related Allowance of Non-accrual Loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Non-accrual with no related allowance	$ 13,953		$ 24,386
Non-accrual with related allowance	13,873		11,182
Related allowance	2,241		555
Year to date Interest Income	275	$ 385
Commercial and industrial
Financing Receivable, Past Due [Line Items]
Non-accrual with no related allowance	1,420		1,085
Non-accrual with related allowance	2,462		435
Related allowance	1,781		6
Year to date Interest Income	54	114
Construction
Financing Receivable, Past Due [Line Items]
Non-accrual with no related allowance	0		2,882
Non-accrual with related allowance	679		740
Related allowance	85		99
Year to date Interest Income	19	14
Residential real estate: \| 1-to-4 family mortgage
Financing Receivable, Past Due [Line Items]
Non-accrual with no related allowance	130		378
Non-accrual with related allowance	3,169		4,215
Related allowance	49		60
Year to date Interest Income	52	18
Residential real estate: \| Residential line of credit
Financing Receivable, Past Due [Line Items]
Non-accrual with no related allowance	1,051		797
Non-accrual with related allowance	526		939
Related allowance	7		11
Year to date Interest Income	40	18
Residential real estate: \| Multi-family mortgage
Financing Receivable, Past Due [Line Items]
Non-accrual with no related allowance	0		0
Non-accrual with related allowance	48		49
Related allowance	2		2
Year to date Interest Income	0	1
Commercial real estate: \| Owner occupied
Financing Receivable, Past Due [Line Items]
Non-accrual with no related allowance	4,346		5,346
Non-accrual with related allowance	2,643		1,364
Related allowance	84		206
Year to date Interest Income	25	131
Commercial real estate: \| Non-owner occupied
Financing Receivable, Past Due [Line Items]
Non-accrual with no related allowance	7,006		13,898
Non-accrual with related allowance	179		186
Related allowance	22		7
Year to date Interest Income	70	89
Consumer and other
Financing Receivable, Past Due [Line Items]
Non-accrual with no related allowance	0		0
Non-accrual with related allowance	4,167		3,254
Related allowance	211		$ 164
Year to date Interest Income	$ 15	$ 0

Loans and Allowance for Credit Losses - Financial Effect of TDRs (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022 USD ($) loan	Mar. 31, 2021 USD ($) loan
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of loans \| loan	2	2
Pre-modification outstanding recorded investment	$ 102	$ 12,104
Post-modification outstanding recorded investment	102	12,104
Charge offs and specific reserves	$ 0	$ 0
Residential real estate: \| 1-to-4 family mortgage
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of loans \| loan	1
Pre-modification outstanding recorded investment	$ 80
Post-modification outstanding recorded investment	80
Charge offs and specific reserves	$ 0
Consumer and other
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of loans \| loan	1
Pre-modification outstanding recorded investment	$ 22
Post-modification outstanding recorded investment	22
Charge offs and specific reserves	$ 0
Commercial and industrial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of loans \| loan		1
Pre-modification outstanding recorded investment		$ 107
Post-modification outstanding recorded investment		107
Charge offs and specific reserves		$ 0
Commercial real estate: \| Non-owner occupied
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of loans \| loan		1
Pre-modification outstanding recorded investment		$ 11,997
Post-modification outstanding recorded investment		11,997
Charge offs and specific reserves		$ 0

Loans and Allowance for Credit Losses - Individually Assessed Allowance for Credit Losses for Collateral Dependent Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	$ 120,049	$ 125,559	$ 157,954	$ 170,389
Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	12,699	15,751	14,643	14,748
Construction
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	31,782	28,576	38,622	58,477
Residential real estate: \| 1-to-4 family mortgage
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	21,024	19,104	19,572	19,220
Residential real estate: \| Residential line of credit
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	6,545	5,903	9,268	10,534
Commercial real estate: \| Owner occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	8,416	12,593	3,609	4,849
Commercial real estate: \| Non-owner occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	21,290	25,768	50,179	44,147
Consumer and other
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	11,895	10,888	$ 10,404	$ 11,240
Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	18,586	28,158
Real Estate \| Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	689	799
Real Estate \| Construction
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	685	3,580
Real Estate \| Residential real estate: \| 1-to-4 family mortgage
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	344	338
Real Estate \| Residential real estate: \| Residential line of credit
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	1,367	1,400
Real Estate \| Commercial real estate: \| Owner occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	8,470	8,117
Real Estate \| Commercial real estate: \| Non-owner occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	7,006	13,899
Real Estate \| Consumer and other
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	25	25
Financial Assets and Equipment
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	3,324	1,161
Financial Assets and Equipment \| Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	3,324	1,090
Financial Assets and Equipment \| Construction
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	0	0
Financial Assets and Equipment \| Residential real estate: \| 1-to-4 family mortgage
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	0	0
Financial Assets and Equipment \| Residential real estate: \| Residential line of credit
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	0	0
Financial Assets and Equipment \| Commercial real estate: \| Owner occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	0	71
Financial Assets and Equipment \| Commercial real estate: \| Non-owner occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	0	0
Financial Assets and Equipment \| Consumer and other
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	0	0
Total
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	21,910	29,319
Individually assessed allowance for credit loss	1,946	303
Total \| Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	4,013	1,889
Individually assessed allowance for credit loss	1,776	0
Total \| Construction
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	685	3,580
Individually assessed allowance for credit loss	84	92
Total \| Residential real estate: \| 1-to-4 family mortgage
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	344	338
Individually assessed allowance for credit loss	0	0
Total \| Residential real estate: \| Residential line of credit
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	1,367	1,400
Individually assessed allowance for credit loss	5	10
Total \| Commercial real estate: \| Owner occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	8,470	8,188
Individually assessed allowance for credit loss	80	200
Total \| Commercial real estate: \| Non-owner occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	7,006	13,899
Individually assessed allowance for credit loss	0	0
Total \| Consumer and other
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	25	25
Individually assessed allowance for credit loss	$ 1	$ 1

Other Real Estate Owned - Summary of Other Real Estate Owned (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Other Real Estate [Roll Forward]
Balance at beginning of period	$ 9,777	$ 12,111
Transfers from loans	563	1,395
Proceeds from sale of other real estate owned	(121)	(2,495)
(Loss) gain on sale of other real estate owned	(104)	828
Loans provided for sales of other real estate owned	0	(330)
Write-downs and partial liquidations	(394)	(332)
Balance at end of period	$ 9,721	$ 11,177

Other Real Estate Owned - Narrative (Details) - USD ($)	3 Months Ended	12 Months Ended
Other Real Estate Owned - Narrative (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Real Estate Properties [Line Items]
Other real estate owned included excess land and facilities held for sale	$ 3,029,000	$ 3,348,000
Residential Real Estate Properties
Real Estate Properties [Line Items]
Foreclosed residential real estate properties	1,193,000	775,000
Total foreclosure proceedings in process	$ 230,000	$ 0

Leases - Narrative (Details) $ in Thousands	3 Months Ended
Leases - Narrative (Details) $ in Thousands	Mar. 31, 2022 USD ($) lease lease_renewal_option	Mar. 31, 2021 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Lessee, Lease, Description [Line Items]
Lessee, number of operating leases \| lease	53
Lessee, number of finance leases \| lease	1
Lessee, number of total operating leases, noncurrent \| lease	41
Lessee, number of total finance leases, noncurrent \| lease	1
Lessee, operating and finance lease, number of options to renew \| lease_renewal_option	1
Operating lease right-of-use assets	$ 41,037			$ 41,686
Operating lease liabilities	45,528			$ 46,367
Gain on lease modifications and terminations	$ 18	$ 0
Forecast \| Corporate headquarters
Lessee, Lease, Description [Line Items]
Operating lease right-of-use assets			$ 29,000
Operating lease liabilities			$ 30,000
Minimum
Lessee, Lease, Description [Line Items]
Lessee, operating and finance lease, term of contract	1 year
Lessee, operating and finance lease, renewal term	20 years
Maximum
Lessee, Lease, Description [Line Items]
Lessee, operating and finance lease, term of contract	33 years

Leases - Information Related to Company's Leases (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Operating leases	$ 41,037	$ 41,686
Finance leases	1,450	1,487
Total right-of-use assets	42,487	43,173
Operating leases	45,528	46,367
Finance leases	1,488	1,518
Total lease liabilities	$ 47,016	$ 47,885
Weighted average remaining lease term (in years) - operating	12 years 3 months 18 days	12 years 4 months 24 days
Weighted average remaining lease term (in years) - finance	13 years 1 month 6 days	13 years 4 months 24 days
Weighted average discount rate - operating	2.72%	2.73%
Weighted average discount rate - finance	1.76%	1.76%
Right-of-use asset - finance [Extensible Enumeration]	Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization	Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization
Lease liabilities - finance [Extensible Enumeration]	Borrowings	Borrowings

Leases - Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended
Leases - Lease Expense (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Mar. 31, 2021
Leases [Abstract]
Operating lease, amortization of right-of-use asset	$ 1,710	$ 1,939
Operating lease, short-term lease cost	111	87
Operating lease, variable lease cost	256	235
Operating lease, lease impairment	0	38
Operating lease, gain on lease modifications and terminations	(18)	0
Finance lease, interest on lease liabilities	9	6
Finance lease, amortization of right-of-use asset	37	28
Total lease cost	$ 2,105	$ 2,333

Leases - Maturity Analysis of Operating and Finance Lease Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Operating Leases
March 31, 2023	$ 5,542
March 31, 2024	5,959
March 31, 2025	5,140
March 31, 2026	4,823
March 31, 2027	4,700
Thereafter	28,730
Total undiscounted future minimum lease payments	54,894
Less: imputed interest	(9,366)
Operating leases	45,528	$ 46,367
Finance Lease
March 31, 2023	87
March 31, 2024	118
March 31, 2025	120
March 31, 2026	121
March 31, 2027	123
Thereafter	1,102
Total undiscounted future minimum lease payments	1,671
Less: imputed interest	(183)
Finance leases	$ 1,488	$ 1,518

Mortgage Servicing Rights - Changes in Mortgage Servicing Rights (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Servicing Asset at Fair Value, Amount [Roll Forward]
Carrying value at beginning of period	$ 115,512	$ 79,997
Capitalization	9,812	11,594
Change in fair value:
Due to pay-offs/pay-downs	(4,471)	(9,321)
Due to change in valuation inputs or assumptions	23,822	21,922
Carrying value at end of period	$ 144,675	$ 104,192

Mortgage Servicing Rights - Servicing Income and Expense Included in Mortgage Banking Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Servicing income:
Servicing income	$ 7,429	$ 6,931
Change in fair value of mortgage servicing rights	19,351	12,601
Change in fair value of derivative hedging instruments	(19,098)	(17,864)
Servicing income	7,682	1,668
Servicing expenses	2,548	2,532
Net servicing income (loss)	$ 5,134	$ (864)

Mortgage Servicing Rights - Data and Key Economic Assumptions Related to Mortgage Servicing Rights (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Transfers and Servicing of Financial Assets [Abstract]
Unpaid principal balance	$ 11,150,118	$ 10,759,286
Weighted-average prepayment speed (CPR)	6.41%	9.31%
Estimated impact on fair value of a 10% increase	$ (5,077)	$ (4,905)
Estimated impact on fair value of a 20% increase	$ (9,734)	$ (9,429)
Discount rate	8.68%	9.81%
Estimated impact on fair value of a 100 bp increase	$ (6,456)	$ (4,785)
Estimated impact on fair value of a 200 bp increase	$ (12,378)	$ (9,198)
Weighted-average coupon interest rate	3.20%	3.23%
Weighted-average servicing fee (basis points)	0.27%	0.27%
Weighted-average remaining maturity (in months)	330 months	330 months

Mortgage Servicing Rights - Narrative (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Transfers and Servicing of Financial Assets [Abstract]
Mortgage escrow deposit	$ 131,147	$ 127,617

Income Taxes - Allocation of Federal and State Income Taxes between Current and Deferred Portions (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Current	$ 0	$ 5,949
Deferred	9,313	9,639
Total	$ 9,313	$ 15,588

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Income Taxes - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
Income Taxes - Narrative (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Mar. 31, 2020
Business Acquisition [Line Items]
Federal taxes calculated at statutory rate, percent	21.00%	21.00%
Acquired net operating losses	$ 3,644		$ 1,370
Federal
Business Acquisition [Line Items]
Net operating loss carryforwards	6,602
State
Business Acquisition [Line Items]
Net operating loss carryforwards	$ 17,560
Franklin Financial Network, Inc.
Business Acquisition [Line Items]
Acquired net operating losses			$ 6,523	$ 6,523

Income Taxes - Reconciliation of Income Taxes Computed at the United States Federal Statutory Tax Rates to the Provision for Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Federal taxes calculated at statutory rate, amount	$ 9,355	$ 14,377
Amount increase (decrease) resulting from:
State taxes, net of federal benefit	951	1,750
(Benefit) expense from equity based compensation	(291)	(221)
Municipal interest income, net of interest disallowance	(444)	(424)
Bank-owned life insurance	(74)	(84)
Section 162(m) limitation	122	227
Other	(306)	(37)
Total	$ 9,313	$ 15,588
Federal taxes calculated at statutory rate, percent	21.00%	21.00%
Percentage increase (decrease) resulting from:
State taxes, net of federal benefit	2.10%	2.60%
(Benefit) expense from equity based compensation	(0.70%)	(0.30%)
Municipal interest income, net of interest disallowance	(1.00%)	(0.60%)
Bank-owned life insurance	(0.20%)	(0.10%)
Section 162(m) limitation	0.30%	0.30%
Other	(0.60%)	(0.10%)
Total	20.90%	22.80%

Income Taxes - Schedule of Net Deferred Tax (Liabilities) Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Deferred tax assets:
Allowance for credit losses	$ 34,146	$ 35,233
Operating lease liabilities	12,251	12,478
Net operating loss	3,644	1,370
Amortization of core deposit intangibles	53	0
Deferred compensation	2,243	5,484
Unrealized loss on debt securities	26,158	0
Unrealized loss on cash flow hedges	0	205
Other assets	7,684	8,301
Subtotal	86,179	63,071
Deferred tax liabilities:
FHLB stock dividends	(484)	(484)
Operating leases - right of use assets	(11,111)	(11,287)
Depreciation	(7,930)	(7,938)
Amortization of core deposit intangibles	0	(116)
Unrealized gain on equity securities	(2,167)	(2,407)
Unrealized gain on cash flow hedges	(68)	0
Unrealized gain on debt securities	0	(1,324)
Mortgage servicing rights	(37,696)	(30,098)
Goodwill	(14,276)	(13,743)
Other liabilities	(2,699)	(2,494)
Subtotal	(76,431)	(69,891)
Net deferred tax assets	$ 9,748
Net deferred tax liability		$ (6,820)

Commitments and Contingencies - Financial Instruments with Off-Balance Sheet Credit Risk (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Balance at end of period	$ 3,280,427	$ 3,184,021
Commitments to extend credit, excluding interest rate lock commitments
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Balance at end of period	3,202,550	3,106,594
Letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Balance at end of period	$ 77,877	$ 77,427

Commitments and Contingencies - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Floating interest rate loan commitments	$ 2,400,000		$ 2,260,000
Total principal amount of loans repurchased or indemnified	$ 1,348	$ 708

Commitments and Contingencies - Allowance for Credit Losses on Unfunded Commitments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Commitments and Contingencies [Roll Forward]
Balance at beginning of period	$ 125,559	$ 170,389
Balance at end of period	120,049	157,954
Unfunded Commitments
Commitments and Contingencies [Roll Forward]
Balance at beginning of period	14,380	16,378
Provision for credit losses on unfunded commitments	1,882	(2,222)
Balance at end of period	$ 16,262	$ 14,156

Commitments and Contingencies - Activity in the Repurchase Reserve (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Commitments and Contingencies [Roll Forward]
Balance at beginning of period	$ 4,802	$ 5,928
Provision for loan repurchases or indemnifications	(389)	440
Losses on loans repurchased or indemnified	(96)	(84)
Balance at end of period	$ 4,317	$ 6,284

Derivatives - Narrative (Details)	3 Months Ended
Derivatives - Narrative (Details)	Mar. 31, 2022 USD ($) agreement instrument	Mar. 31, 2021 USD ($)	Dec. 31, 2021 USD ($)
Derivative [Line Items]
Number of designated fair value hedges \| instrument	3
Net liability position	$ 0		$ 0
Cash collateral pledged on derivatives	$ 52,221,000		$ 57,868,000
Subordinated debt
Derivative [Line Items]
Number of derivative instruments \| agreement	2
Borrowings	$ 30,930,000
Designated as hedging \| Interest Expense on Borrowings
Derivative [Line Items]
Gain (loss) included in income statement	(139,000)	$ (137,000)
Interest Rate Swap \| Subordinated debt
Derivative [Line Items]
Notional amount	30,000,000
Interest Rate Swap \| Designated as hedging
Derivative [Line Items]
Notional amount	300,000,000
Interest Rate Swap \| Designated as hedging \| Subordinated debt
Derivative [Line Items]
Notional amount	30,000,000
Interest Rate Swap \| Designated as hedging \| Interest Expense, Borrowings
Derivative [Line Items]
Gain (loss) included in income statement	162,000
Interest Rate Swap \| Designated as hedging \| Interest Expense, Deposits
Derivative [Line Items]
Gain (loss) included in income statement	$ 313,000
Interest Rate Swap \| LIBOR \| Subordinated debt
Derivative [Line Items]
Derivative variable interest rate	2.08%
Minimum
Derivative [Line Items]
Period to lock interest rate on mortgage loan commitments	45 days
Maximum
Derivative [Line Items]
Period to lock interest rate on mortgage loan commitments	90 days

Derivatives - Derivative Financial Instruments (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Interest Rate Swap \| Subordinated debt
Derivatives, Fair Value [Line Items]
Notional Amount	$ 30,000,000
Not designated as hedging
Derivatives, Fair Value [Line Items]
Notional Amount	2,315,869,000	$ 2,696,444,000
Asset	37,918,000	27,384,000
Liability	(27,949,000)	(20,215,000)
Not designated as hedging \| Interest rate contracts
Derivatives, Fair Value [Line Items]
Notional Amount	587,309,000	600,048,000
Asset	23,245,000	19,265,000
Liability	(23,195,000)	(19,138,000)
Not designated as hedging \| Forward commitments
Derivatives, Fair Value [Line Items]
Notional Amount	805,000,000	1,180,000,000
Asset	12,921,000	0
Liability	0	(1,077,000)
Not designated as hedging \| Interest rate-lock commitments
Derivatives, Fair Value [Line Items]
Notional Amount	541,560,000	487,396,000
Asset	1,752,000	7,197,000
Liability	0	0
Not designated as hedging \| Futures contracts
Derivatives, Fair Value [Line Items]
Notional Amount	382,000,000	429,000,000
Asset	0	922,000
Liability	(4,754,000)	0
Designated as hedging \| Interest Rate Swap
Derivatives, Fair Value [Line Items]
Notional Amount	300,000,000
Designated as hedging \| Interest Rate Swap \| Subordinated debt
Derivatives, Fair Value [Line Items]
Notional Amount	30,000,000
Designated as hedging \| Interest Rate Swap \| Other assets \| Subordinated debt
Derivatives, Fair Value [Line Items]
Asset	$ 262,000
Designated as hedging \| Interest Rate Swap \| Accrued expenses and other liabilities \| Subordinated debt
Derivatives, Fair Value [Line Items]
Liability		$ (785,000)

Derivatives - Gains (Losses) Included in the Consolidated Statements of Income Related to Derivative Financial Instruments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Derivatives, Fair Value [Line Items]
Net tax expenses (benefits) recognized on net change in unrealized gain (loss) on hedging activities	$ 273	$ 112
Amount of gain recognized in other comprehensive (loss) income, net of tax expense of $273 and $112	774	316
Not designated as hedging \| Mortgage Banking Income
Derivatives, Fair Value [Line Items]
Gains (losses) on derivative financial instruments	15,958	5,484
Not designated as hedging \| Interest rate-lock commitments \| Mortgage Banking Income
Derivatives, Fair Value [Line Items]
Gains (losses) on derivative financial instruments	(5,446)	(21,442)
Not designated as hedging \| Forward commitments \| Mortgage Banking Income
Derivatives, Fair Value [Line Items]
Gains (losses) on derivative financial instruments	37,903	43,258
Not designated as hedging \| Futures contracts \| Mortgage Banking Income
Derivatives, Fair Value [Line Items]
Gains (losses) on derivative financial instruments	(16,535)	(16,332)
Not designated as hedging \| Option contracts \| Mortgage Banking Income
Derivatives, Fair Value [Line Items]
Gains (losses) on derivative financial instruments	36	0
Designated as hedging
Derivatives, Fair Value [Line Items]
Amount of gain recognized in other comprehensive (loss) income, net of tax expense of $273 and $112	$ 774	$ 316

Derivatives - Fair Value Hedges (Details) - Interest Rate Swap - Designated as Hedging Instrument [Member]	3 Months Ended
	Mar. 31, 2022 USD ($)
Derivative [Line Items]
Notional Amount	$ 300,000,000
Remaining Maturity (In Years)	2 years 2 months 23 days
Receive Fixed Rate	1.48208%
Estimated fair value	$ (5,080,000)
Subordinated debt
Derivative [Line Items]
Notional Amount	$ 100,000,000
Remaining Maturity (In Years)	1 year 11 months 1 day
Receive Fixed Rate	1.45625%
Estimated fair value	$ (1,333,000)
Fixed Rate Money Market Deposits One
Derivative [Line Items]
Notional Amount	$ 75,000,000
Remaining Maturity (In Years)	2 years 4 months 20 days
Receive Fixed Rate	1.495%
Estimated fair value	$ (1,405,000)
Fixed Rate Money Market Deposits Two
Derivative [Line Items]
Notional Amount	$ 125,000,000
Remaining Maturity (In Years)	2 years 4 months 20 days
Receive Fixed Rate	1.495%
Estimated fair value	$ (2,342,000)

Derivatives - Balance Sheet (Details) - Interest Rate Swap $ in Thousands	Mar. 31, 2022 USD ($)
Borrowings
Derivative [Line Items]
Carrying Amount of the Hedged Item	$ 97,378
Cumulative Decrease in Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Item	(1,333)
Borrowings \| Subordinated debt
Derivative [Line Items]
Unamortized subordinated debt issuance costs	1,289
Money market and savings deposits
Derivative [Line Items]
Carrying Amount of the Hedged Item	205,415
Cumulative Decrease in Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Item	(3,747)
Purchase accounting fair value premium	$ 9,162

Derivatives - Offsetting Derivative Assets and Liabilities (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Offsetting Derivative Assets
Gross amounts recognized	$ 18,895,000	$ 4,990,000
Gross amounts offset in the consolidated balance sheets	0	0
Net amounts presented in the consolidated balance sheets	18,895,000	4,990,000
Gross amounts not offset in the consolidated balance sheets, less financial instruments	9,681,000	4,297,000
Gross amounts not offset in the consolidated balance sheets, less financial collateral pledged	0	0
Net amounts	9,214,000	693,000
Offsetting Derivative Liabilities
Gross amounts recognized	12,134,000	15,733,000
Gross amounts offset in the consolidated balance sheets	0	0
Net amounts presented in the consolidated balance sheets	12,134,000	15,733,000
Gross amounts not offset in the consolidated balance sheets, less financial instruments	9,681,000	4,297,000
Gross amounts not offset in the consolidated balance sheets, less financial collateral pledged	2,453,000	11,436,000
Net amounts	$ 0	$ 0

Fair Value of Financial Instruments - Estimated Fair Values and Carrying Values of Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Financial assets:
Loans, net	$ 7,884,927	$ 7,479,103
Interest receivable	39,069	38,528
Carrying amount
Financial assets:
Cash and cash equivalents	1,743,311	1,797,740
Investment securities	1,686,738	1,681,892
Loans, net	7,884,927	7,479,103
Loans held for sale	396,728	752,223
Interest receivable	39,069	38,528
Mortgage servicing rights	144,675	115,512
Derivatives	38,180	27,384
Financial liabilities:
Deposits, Without stated maturities	9,940,962	9,705,816
Deposits, With stated maturities	1,055,316	1,131,081
Securities sold under agreement to repurchase and federal funds sold	25,937	40,716
Subordinated debt	128,308	129,544
Interest payable	1,476	3,162
Derivatives	33,029	21,000
Fair Value
Financial assets:
Cash and cash equivalents	1,743,311	1,797,740
Investment securities	1,686,738	1,681,892
Loans, net	7,872,659	7,566,717
Loans held for sale	396,728	752,223
Interest receivable	39,069	38,528
Mortgage servicing rights	144,675	115,512
Derivatives	38,180	27,384
Financial liabilities:
Deposits, Without stated maturities	9,940,962	9,705,816
Deposits, With stated maturities	1,060,935	1,137,647
Securities sold under agreement to repurchase and federal funds sold	25,937	40,716
Subordinated debt	129,742	133,021
Interest payable	1,476	3,162
Derivatives	33,029	21,000
Fair Value \| Level 1
Financial assets:
Cash and cash equivalents	1,743,311	1,797,740
Investment securities	0	0
Loans, net	0	0
Loans held for sale	0	0
Interest receivable	101	36
Mortgage servicing rights	0	0
Derivatives	0	0
Financial liabilities:
Deposits, Without stated maturities	9,940,962	9,705,816
Deposits, With stated maturities	0	0
Securities sold under agreement to repurchase and federal funds sold	25,937	40,716
Subordinated debt	0	0
Interest payable	124	140
Derivatives	0	0
Fair Value \| Level 2
Financial assets:
Cash and cash equivalents	0	0
Investment securities	1,686,738	1,681,892
Loans, net	0	0
Loans held for sale	318,549	672,924
Interest receivable	6,806	6,461
Mortgage servicing rights	0	0
Derivatives	38,180	27,384
Financial liabilities:
Deposits, Without stated maturities	0	0
Deposits, With stated maturities	1,060,935	1,137,647
Securities sold under agreement to repurchase and federal funds sold	0	0
Subordinated debt	0	0
Interest payable	960	1,510
Derivatives	33,029	21,000
Fair Value \| Level 3
Financial assets:
Cash and cash equivalents	0	0
Investment securities	0	0
Loans, net	7,872,659	7,566,717
Loans held for sale	78,179	79,299
Interest receivable	32,162	32,031
Mortgage servicing rights	144,675	115,512
Derivatives	0	0
Financial liabilities:
Deposits, Without stated maturities	0	0
Deposits, With stated maturities	0	0
Securities sold under agreement to repurchase and federal funds sold	0	0
Subordinated debt	129,742	133,021
Interest payable	392	1,512
Derivatives	$ 0	$ 0

Fair Value of Financial Instruments - Balances and Levels of Assets Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Financial assets:
Available-for-sale securities:	$ 1,683,525	$ 1,678,525
Equity securities	3,213	3,367
Mortgage-backed securities - residential
Financial assets:
Available-for-sale securities:	1,232,256	1,269,372
Mortgage-backed securities - commercial
Financial assets:
Available-for-sale securities:	14,307	15,250
Municipal securities
Financial assets:
Available-for-sale securities:	310,138	338,610
Treasury securities
Financial assets:
Available-for-sale securities:	80,173	14,908
Corporate securities
Financial assets:
Available-for-sale securities:	7,769	6,515
Recurring Basis
Financial assets:
Equity securities	3,213	3,367
Total securities	1,686,738	1,681,892
Loans held for sale	396,728	752,223
Mortgage servicing rights	144,675	115,512
Derivatives	38,180	27,384
Financial liabilities:
Derivatives	33,029	21,000
Recurring Basis \| U.S. government agency securities
Financial assets:
Available-for-sale securities:	38,882	33,870
Recurring Basis \| Mortgage-backed securities - residential
Financial assets:
Available-for-sale securities:	1,232,256	1,269,372
Recurring Basis \| Mortgage-backed securities - commercial
Financial assets:
Available-for-sale securities:	14,307	15,250
Recurring Basis \| Municipal securities
Financial assets:
Available-for-sale securities:	310,138	338,610
Recurring Basis \| Treasury securities
Financial assets:
Available-for-sale securities:	80,173	14,908
Recurring Basis \| Corporate securities
Financial assets:
Available-for-sale securities:	7,769	6,515
Recurring Basis \| Quoted prices in active markets for identical assets (liabilities) (level 1)
Financial assets:
Equity securities	0	0
Total securities	0	0
Loans held for sale	0	0
Mortgage servicing rights	0	0
Derivatives	0	0
Financial liabilities:
Derivatives	0	0
Recurring Basis \| Quoted prices in active markets for identical assets (liabilities) (level 1) \| U.S. government agency securities
Financial assets:
Available-for-sale securities:	0	0
Recurring Basis \| Quoted prices in active markets for identical assets (liabilities) (level 1) \| Mortgage-backed securities - residential
Financial assets:
Available-for-sale securities:	0	0
Recurring Basis \| Quoted prices in active markets for identical assets (liabilities) (level 1) \| Mortgage-backed securities - commercial
Financial assets:
Available-for-sale securities:	0	0
Recurring Basis \| Quoted prices in active markets for identical assets (liabilities) (level 1) \| Municipal securities
Financial assets:
Available-for-sale securities:	0	0
Recurring Basis \| Quoted prices in active markets for identical assets (liabilities) (level 1) \| Treasury securities
Financial assets:
Available-for-sale securities:	0	0
Recurring Basis \| Quoted prices in active markets for identical assets (liabilities) (level 1) \| Corporate securities
Financial assets:
Available-for-sale securities:	0	0
Recurring Basis \| Significant other observable inputs (level 2)
Financial assets:
Equity securities	3,213	3,367
Total securities	1,686,738	1,681,892
Loans held for sale	318,549	672,924
Mortgage servicing rights	0	0
Derivatives	38,180	27,384
Financial liabilities:
Derivatives	33,029	21,000
Recurring Basis \| Significant other observable inputs (level 2) \| U.S. government agency securities
Financial assets:
Available-for-sale securities:	38,882	33,870
Recurring Basis \| Significant other observable inputs (level 2) \| Mortgage-backed securities - residential
Financial assets:
Available-for-sale securities:	1,232,256	1,269,372
Recurring Basis \| Significant other observable inputs (level 2) \| Mortgage-backed securities - commercial
Financial assets:
Available-for-sale securities:	14,307	15,250
Recurring Basis \| Significant other observable inputs (level 2) \| Municipal securities
Financial assets:
Available-for-sale securities:	310,138	338,610
Recurring Basis \| Significant other observable inputs (level 2) \| Treasury securities
Financial assets:
Available-for-sale securities:	80,173	14,908
Recurring Basis \| Significant other observable inputs (level 2) \| Corporate securities
Financial assets:
Available-for-sale securities:	7,769	6,515
Recurring Basis \| Significant unobservable inputs (level 3)
Financial assets:
Equity securities	0	0
Total securities	0	0
Loans held for sale	78,179	79,299
Mortgage servicing rights	144,675	115,512
Derivatives	0	0
Financial liabilities:
Derivatives	0	0
Recurring Basis \| Significant unobservable inputs (level 3) \| U.S. government agency securities
Financial assets:
Available-for-sale securities:	0	0
Recurring Basis \| Significant unobservable inputs (level 3) \| Mortgage-backed securities - residential
Financial assets:
Available-for-sale securities:	0	0
Recurring Basis \| Significant unobservable inputs (level 3) \| Mortgage-backed securities - commercial
Financial assets:
Available-for-sale securities:	0	0
Recurring Basis \| Significant unobservable inputs (level 3) \| Municipal securities
Financial assets:
Available-for-sale securities:	0	0
Recurring Basis \| Significant unobservable inputs (level 3) \| Treasury securities
Financial assets:
Available-for-sale securities:	0	0
Recurring Basis \| Significant unobservable inputs (level 3) \| Corporate securities
Financial assets:
Available-for-sale securities:	$ 0	$ 0

Fair Value of Financial Instruments - Balances and Levels of Assets Measured at Fair Value on Non-recurring Basis (Details) - Non-recurring Basis - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Financial assets:
Other real estate owned	$ 1,836	$ 6,308
Collateral dependent loans	3,087	5,477
Commercial and industrial
Financial assets:
Collateral dependent loans	11
Construction
Financial assets:
Collateral dependent loans	601	606
Residential real estate: \| Residential line of credit
Financial assets:
Collateral dependent loans	311	592
Commercial real estate: \| Owner occupied
Financial assets:
Collateral dependent loans	2,140	729
Commercial real estate: \| Non-owner occupied
Financial assets:
Collateral dependent loans		3,526
Consumer and other
Financial assets:
Collateral dependent loans	24	24
Quoted prices in active markets for identical assets (liabilities) (level 1)
Financial assets:
Other real estate owned	0	0
Collateral dependent loans	0	0
Quoted prices in active markets for identical assets (liabilities) (level 1) \| Commercial and industrial
Financial assets:
Collateral dependent loans	0
Quoted prices in active markets for identical assets (liabilities) (level 1) \| Construction
Financial assets:
Collateral dependent loans	0	0
Quoted prices in active markets for identical assets (liabilities) (level 1) \| Residential real estate: \| Residential line of credit
Financial assets:
Collateral dependent loans	0	0
Quoted prices in active markets for identical assets (liabilities) (level 1) \| Commercial real estate: \| Owner occupied
Financial assets:
Collateral dependent loans	0	0
Quoted prices in active markets for identical assets (liabilities) (level 1) \| Commercial real estate: \| Non-owner occupied
Financial assets:
Collateral dependent loans		0
Quoted prices in active markets for identical assets (liabilities) (level 1) \| Consumer and other
Financial assets:
Collateral dependent loans	0	0
Significant other observable inputs (level 2)
Financial assets:
Other real estate owned	0	0
Collateral dependent loans	0	0
Significant other observable inputs (level 2) \| Commercial and industrial
Financial assets:
Collateral dependent loans	0
Significant other observable inputs (level 2) \| Construction
Financial assets:
Collateral dependent loans	0	0
Significant other observable inputs (level 2) \| Residential real estate: \| Residential line of credit
Financial assets:
Collateral dependent loans	0	0
Significant other observable inputs (level 2) \| Commercial real estate: \| Owner occupied
Financial assets:
Collateral dependent loans	0	0
Significant other observable inputs (level 2) \| Commercial real estate: \| Non-owner occupied
Financial assets:
Collateral dependent loans		0
Significant other observable inputs (level 2) \| Consumer and other
Financial assets:
Collateral dependent loans	0	0
Significant unobservable inputs (level 3)
Financial assets:
Other real estate owned	1,836	6,308
Collateral dependent loans	3,087	5,477
Significant unobservable inputs (level 3) \| Commercial and industrial
Financial assets:
Collateral dependent loans	11
Significant unobservable inputs (level 3) \| Construction
Financial assets:
Collateral dependent loans	601	606
Significant unobservable inputs (level 3) \| Residential real estate: \| Residential line of credit
Financial assets:
Collateral dependent loans	311	592
Significant unobservable inputs (level 3) \| Commercial real estate: \| Owner occupied
Financial assets:
Collateral dependent loans	2,140	729
Significant unobservable inputs (level 3) \| Commercial real estate: \| Non-owner occupied
Financial assets:
Collateral dependent loans		3,526
Significant unobservable inputs (level 3) \| Consumer and other
Financial assets:
Collateral dependent loans	$ 24	$ 24

Fair Value of Financial Instruments - Information about Significant Unobservable Inputs (Level 3) Used in Valuation of Assets Measured at Fair Value on Nonrecurring Basis (Details) - Non-recurring Basis $ in Thousands	Mar. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Collateral dependent loans	$ 3,087	$ 5,477
Other real estate owned	1,836	6,308
Significant unobservable inputs (level 3)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Collateral dependent loans	3,087	5,477
Other real estate owned	$ 1,836	$ 6,308
Significant unobservable inputs (level 3) \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Collateral dependent loans, measurement input	0.10	0.10
Other real estate owned, measurement input	0	0
Significant unobservable inputs (level 3) \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Collateral dependent loans, measurement input	0.35	0.35
Other real estate owned, measurement input	0.15	0.15

Fair Value of Financial Instruments - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Percent of remaining principal allowed to buy back under GNMA optional repurchase programs	100.00%
Mortgage Loans
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Net (losses) gains from fair value changes of mortgage loans held for sale recorded in income	$ (16,874)	$ (20,716)
GNMA
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Delinquent GNMA loans that had been previously sold	70,672		$ 94,648
Level 3 \| Non-recurring Basis
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Amortized costs of collateral dependent loans	$ 5,034		$ 5,781

Fair Value of Financial Instruments - Loans Held for Sale at Fair Value (Details) - Recurring Basis - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total loans held for sale	$ 396,728	$ 752,223
Commercial and industrial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total loans held for sale	78,179	79,299
Residential real estate \| 1-to-4 family mortgage
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total loans held for sale	$ 318,549	$ 672,924

Fair Value of Financial Instruments - Changes in Fair Value Associated with Commercial Loans Held for Sale (Details) - Franklin Financial Network, Inc. - Commercial and industrial - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Aggregate Unpaid Principal Balance
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Carrying value at beginning of period	$ 86,762	$ 239,063
Change in fair value:
Pay-downs and pay-offs	(946)	(39,566)
Write-offs to discount	0	(2,007)
Changes in valuation included in other noninterest income	0	0
Carrying value at end of period	85,816	197,490
Fair Value Discount
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Carrying value at beginning of period	(7,463)	(23,660)
Change in fair value:
Pay-downs and pay-offs	0	0
Write-offs to discount	0	2,007
Changes in valuation included in other noninterest income	(174)	(853)
Carrying value at end of period	(7,637)	(22,506)
Fair Value
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Carrying value at beginning of period	79,299	215,403
Change in fair value:
Pay-downs and pay-offs	(946)	(39,566)
Write-offs to discount	0	0
Changes in valuation included in other noninterest income	(174)	(853)
Carrying value at end of period	$ 78,179	$ 174,984

Fair Value of Financial Instruments - Differences Between Fair Value and Principal Balance for Loans Held for Sale Measured at Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Aggregate fair value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage loans held for sale measured at fair value	$ 318,549	$ 672,924
Nonaccrual commercial loans held for sale	5,087	5,217
Aggregate fair value \| Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage loans held for sale measured at fair value	73,092	74,082
Aggregate Unpaid Principal Balance
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage loans held for sale measured at fair value	320,516	658,017
Nonaccrual commercial loans held for sale	9,788	9,899
Aggregate Unpaid Principal Balance \| Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage loans held for sale measured at fair value	76,028	76,863
Difference
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage loans held for sale measured at fair value	(1,967)	14,907
Nonaccrual commercial loans held for sale	(4,701)	(4,682)
Difference \| Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage loans held for sale measured at fair value	$ (2,936)	$ (2,781)

Segment Reporting - Narrative (Details) $ in Thousands		3 Months Ended		8 Months Ended
Segment Reporting - Narrative (Details) $ in Thousands	May 10, 2022 channel	Mar. 31, 2022 USD ($) channel segment	Mar. 31, 2021 USD ($)	Dec. 31, 2022 USD ($)
Segment Reporting Information [Line Items]
Number of distinct reportable segments \| segment		2
Number of distinct delivery channels \| channel		2
Subsequent Event
Segment Reporting Information [Line Items]
Number of delivery channels, discontinued \| channel	1
Mortgage
Segment Reporting Information [Line Items]
Interest paid		$ 5,666	$ 5,400
Mortgage \| Real Genius Delivery Channel
Segment Reporting Information [Line Items]
Interest rate lock volume, percentage		43.40%	50.20%
Sales volume contribution, percent		50.70%	52.80%
Mortgage \| Real Genius Delivery Channel \| Minimum \| Forecast
Segment Reporting Information [Line Items]
Pre tax restructuring charges				$ 11,000
Mortgage \| Real Genius Delivery Channel \| Maximum \| Forecast
Segment Reporting Information [Line Items]
Pre tax restructuring charges				$ 13,000

Segment Reporting - Segment Financial Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Segment Reporting Information [Line Items]
Net interest income	$ 88,182	$ 82,576
Provision for credit losses	(4,247)	(13,854)
Mortgage banking income	29,278	60,595
Change in fair value of mortgage servicing rights, net of hedging	253	(5,263)
Other noninterest income	11,861	11,398
Depreciation and amortization	2,036	2,056
Amortization of intangibles	1,244	1,440
Other noninterest expense	85,992	91,202
Income (loss) before income taxes	44,549	68,462
Income tax expense	9,313	15,588
Net income applicable to FB Financial Corporation and noncontrolling interest	35,236	52,874
Net income applicable to noncontrolling interest	0	0
Net income applicable to FB Financial Corporation	35,236	52,874
Assets	12,674,191	11,935,826	$ 12,597,686
Goodwill	242,561	242,561	$ 242,561
Provision (reversal) for credit losses on unfunded commitments	1,882	(2,222)
Banking
Segment Reporting Information [Line Items]
Net interest income	88,184	82,597
Provision for credit losses	(4,247)	(13,854)
Mortgage banking income	0	0
Change in fair value of mortgage servicing rights, net of hedging	0	0
Other noninterest income	11,983	11,398
Depreciation and amortization	1,710	1,728
Amortization of intangibles	1,244	1,440
Other noninterest expense	56,630	52,567
Income (loss) before income taxes	44,830	52,114
Assets	11,890,847	10,787,955
Goodwill	242,561	242,561
Mortgage
Segment Reporting Information [Line Items]
Net interest income	(2)	(21)
Provision for credit losses	0	0
Mortgage banking income	29,278	60,595
Change in fair value of mortgage servicing rights, net of hedging	253	(5,263)
Other noninterest income	(122)	0
Depreciation and amortization	326	328
Amortization of intangibles	0	0
Other noninterest expense	29,362	38,635
Income (loss) before income taxes	(281)	16,348
Assets	783,344	1,147,871
Goodwill	$ 0	$ 0

Minimum Capital Requirements (Details) $ in Thousands	Mar. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
FB Financial Corporation
Total Capital (to risk-weighted assets)
Actual, Amount	$ 1,456,669	$ 1,434,581
Actual, Ratio	0.142	0.145
Minimum Capital adequacy with capital buffer, Amount	$ 1,077,296	$ 1,039,984
Minimum Capital adequacy with capital buffer, Ratio	0.105	0.105
Tier 1 Capital (to risk-weighted assets)
Actual, Amount	$ 1,264,358	$ 1,251,874
Actual, Ratio	0.123	0.126
Minimum Capital adequacy with capital buffer, Amount	$ 872,096	$ 841,892
Minimum Capital adequacy with capital buffer, Ratio	8.50%	8.50%
Tier 1 Capital (to average assets)
Actual, Amount	$ 1,264,358	$ 1,251,874
Actual, Ratio	0.102	0.105
Minimum Capital adequacy with capital buffer, Amount	$ 497,942	$ 474,831
Minimum Capital adequacy with capital buffer. Ratio	0.040	0.040
Common Equity Tier 1 Capital (to risk-weighted assets)
Actual, Amount	$ 1,234,358	$ 1,221,874
Actual Ratio	12.00%	12.30%
Minimum Capital adequacy with capital buffer, Amount	$ 718,197	$ 693,322
Minimum Capital adequacy with capital buffer, Ratio	0.070	0.070
FirstBank
Total Capital (to risk-weighted assets)
Actual, Amount	$ 1,413,849	$ 1,396,407
Actual, Ratio	0.138	0.141
Minimum Capital adequacy with capital buffer, Amount	$ 1,075,838	$ 1,038,760
Minimum Capital adequacy with capital buffer, Ratio	0.105	0.105
To be well capitalized under prompt corrective action provisions, Amount	$ 1,024,608	$ 989,295
To be well capitalized under prompt corrective action provisions, Ratio	0.100	0.100
Tier 1 Capital (to risk-weighted assets)
Actual, Amount	$ 1,221,538	$ 1,213,700
Actual, Ratio	0.119	0.123
Minimum Capital adequacy with capital buffer, Amount	$ 870,917	$ 840,901
Minimum Capital adequacy with capital buffer, Ratio	8.50%	8.50%
To be well capitalized under prompt corrective action provisions, Amount	$ 819,686	$ 791,436
To be well capitalized under prompt corrective action provisions, Ratio	0.080	0.080
Tier 1 Capital (to average assets)
Actual, Amount	$ 1,221,538	$ 1,213,700
Actual, Ratio	0.098	0.102
Minimum Capital adequacy with capital buffer, Amount	$ 497,337	$ 474,044
Minimum Capital adequacy with capital buffer. Ratio	0.040	0.040
To be well capitalized under prompt corrective action provisions, Amount	$ 621,671	$ 592,555
To be well capitalized under prompt corrective action provisions, Ratio	0.050	0.050
Common Equity Tier 1 Capital (to risk-weighted assets)
Actual, Amount	$ 1,221,538	$ 1,213,700
Actual Ratio	11.90%	12.30%
Minimum Capital adequacy with capital buffer, Amount	$ 717,226	$ 692,507
Minimum Capital adequacy with capital buffer, Ratio	0.070	0.070
To be well capitalized under prompt corrective action provisions, Amount	$ 665,995	$ 643,042
To be well capitalized under prompt corrective action provisions, Ratio	6.50%	6.50%

Stock-Based Compensation - Changes in Restricted Stock Units (Details) - RSUs	3 Months Ended
	Mar. 31, 2022 $ / shares shares
Restricted Stock Units Outstanding
Balance at beginning of period (in shares) \| shares	492,320,000
Granted (in shares) \| shares	123,709,000
Vested (in shares) \| shares	(101,057,000)
Forfeited (in shares) \| shares	(3,372,000)
Balance at end of period (in shares) \| shares	511,600,000
Weighted Average Grant Date Fair Value
Balance at beginning of period (in dollars per share) \| $ / shares	$ 36.06
Granted (in dollars per share) \| $ / shares	44.43
Vested (in dollars per share) \| $ / shares	33.61
Forfeited (in dollars per share) \| $ / shares	39.70
Balance at end of period (in dollars per share) \| $ / shares	$ 38.56

Stock-Based Compensation - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost related to nonvested awards	$ 2,582	$ 2,666
Dividends declared not paid on restricted stock units	60	38
Proceeds from employee payroll withholdings	588	811
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of restricted stock units vested and released	3,397	4,364
Compensation cost related to nonvested awards	1,856	2,466
Unrecognized compensation cost related to nonvested awards	$ 15,200
Expected weighted-average period to be recognized	2 years 7 months 6 days
Dividends declared not paid on restricted stock units	$ 247			$ 274
RSUs \| 2016-LTIP Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for issuable (in shares)	1,814,244
RSUs \| Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost related to nonvested awards	$ 166	157
PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost related to nonvested awards	726	$ 200
Unrecognized compensation cost related to nonvested awards	$ 12,322
Expected weighted-average period to be recognized	2 years
Core return threshold percentages	200.00%
Award vesting, percentage	100.00%	75.00%	175.00%
PSUs \| Executives and Other Officers and Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Criteria period	3 years
PSUs \| Executives and Other Officers and Employees \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Core return threshold percentages	0.00%
PSUs \| Executives and Other Officers and Employees \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Core return threshold percentages	200.00%
Employee Stock \| ESPP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for issuable (in shares)	200,000
Purchase price percentage of subsequent offering periods	95.00%
Maximum number of shares per participant (in shares)	725
Maximum worth of award per participant	$ 25
Shares issued under plan (in shares)	15,152,000	21,566,000
Number of shares reserved for issuance (in shares)	2,326,544

Stock-Based Compensation - Changes in Performance Stock Units (Details) - PSUs	3 Months Ended
	Mar. 31, 2022 $ / shares shares
Performance Stock Units Outstanding
Balance at beginning of period (in shares) \| shares	115,750
Granted (in shares) \| shares	69,010
Vested (in shares) \| shares	0
Forfeited or expired (in shares) \| shares	0
Balance at end of period (in shares) \| shares	184,760
Weighted Average Grant Date Fair Value
Balance at beginning of period (in dollars per share) \| $ / shares	$ 40.13
Granted (in dollars per share) \| $ / shares	44.44
Vested (in dollars per share) \| $ / shares	0
Forfeited (in dollars per share) \| $ / shares	0
Balance at end of period (in dollars per share) \| $ / shares	$ 41.74

Related Party Transactions - Loans Analysis to Executive Officers, Certain Management, Bank Directors and Their Affiliates (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022 USD ($)
Financing Receivable, Related Parties [Roll Forward]
Loans outstanding at January 1, 2022	$ 29,010
New loans and advances	39,767
Change in related party status	(9,037)
Repayments	(192)
Loans outstanding at March 31, 2022	$ 59,548

Related Party Transactions - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Related Party Transaction [Line Items]
Deposits from related parties	$ 308,361		$ 312,956
Aviation Time Sharing Agreements
Related Party Transaction [Line Items]
Payments to related party	0	$ 11
Directors
Related Party Transaction [Line Items]
Unamortized leasehold improvements	3		6
Operating lease expense	101	128
Directors \| Aviation Time Sharing Agreements \| FBK Aviation, LLC
Related Party Transaction [Line Items]
Income from related party	11	$ 0
Unfunded Loan Commitment \| Certain Executive Officers, Certain Management and Directors and Their Associates
Related Party Transaction [Line Items]
Unfunded commitments	$ 29,662		$ 10,994