Cover - shares	6 Months Ended
Cover - shares	Jun. 30, 2023	Jul. 31, 2023
Cover [Abstract]
Document Type	10-Q
Document Annual Report	true
Document Period End Date	Jun. 30, 2023
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	1221 Broadway
Entity Address, Address Line Two	Suite 1300
Entity Address, City or Town	Nashville
Entity Address, State or Province	TN
Entity Address, Postal Zip Code	37203
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		46,798,639
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Entity Central Index Key	0001649749
Current Fiscal Year End Date	--12-31

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
ASSETS
Cash and due from banks	$ 147,646	$ 259,872
Federal funds sold and reverse repurchase agreements	48,346	210,536
Interest-bearing deposits in financial institutions	964,362	556,644
Cash and cash equivalents	1,160,354	1,027,052
Investments:
Available-for-sale debt securities, at fair value	1,419,360	1,471,186
Equity securities, at fair value	3,031	2,990
Federal Home Loan Bank stock, at cost	40,266	58,641
Loans held for sale (includes $78,906 and $113,240 at fair value, respectively)	99,131	139,451
Loans held for investment	9,326,024	9,298,212
Less: allowance for credit losses on loans HFI	140,664	134,192
Net loans held for investment	9,185,360	9,164,020
Premises and equipment, net	154,526	146,316
Other real estate owned, net	1,974	5,794
Operating lease right-of-use assets	56,560	60,043
Interest receivable	44,973	45,684
Mortgage servicing rights, at fair value	166,433	168,365
Goodwill	242,561	242,561
Core deposit and other intangibles, net	10,438	12,368
Bank-owned life insurance	75,341	75,329
Other assets	227,087	227,956
Total assets	12,887,395	12,847,756
Deposits
Noninterest-bearing	2,400,288	2,676,631
Interest-bearing checking	2,879,336	3,059,984
Money market and savings	3,971,975	3,697,245
Customer time deposits	1,381,176	1,420,131
Brokered and internet time deposits	239,480	1,843
Total deposits	10,872,255	10,855,834
Borrowings	390,354	415,677
Operating lease liabilities	67,304	69,754
Accrued expenses and other liabilities	170,438	180,973
Total liabilities	11,500,351	11,522,238
SHAREHOLDERS' EQUITY
Common stock, $1 par value per share; 75,000,000 shares authorized; 46,798,751 and 46,737,912 shares issued and outstanding, respectively	46,799	46,738
Additional paid-in capital	859,516	861,588
Retained earnings	644,043	586,532
Accumulated other comprehensive loss, net	(163,407)	(169,433)
Total FB Financial Corporation common shareholders' equity	1,386,951	1,325,425
Noncontrolling interest	93	93
Total equity	1,387,044	1,325,518
Total liabilities and shareholders' equity	$ 12,887,395	$ 12,847,756

Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Fair value of loan held for sale	$ 99,131	$ 139,451
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)	46,798,751	46,737,912
Common stock, shares outstanding (in shares)	46,798,751	46,737,912
Fair Value
Fair value of loan held for sale	$ 78,906	$ 113,240

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Interest income:
Interest and fees on loans	$ 149,220	$ 99,655	$ 289,576	$ 186,519
Interest on securities
Taxable	6,480	6,499	13,050	11,919
Tax-exempt	1,808	1,842	3,612	3,708
Other	12,675	2,218	23,425	3,195
Total interest income	170,183	110,214	329,663	205,341
Interest expense:
Interest (expense) income on deposits	65,257	6,591	118,120	12,053
Interest (expense) income on borrowings	3,383	1,452	6,340	2,935
Total interest expense	68,640	8,043	124,460	14,988
Net interest income	101,543	102,171	205,203	190,353
Provision for credit losses on loans HFI	2,575	8,181	7,572	2,052
Provision for credit losses on unfunded commitments	(3,653)	4,137	(8,159)	6,019
Net interest income after provisions for credit losses	102,621	89,853	205,790	182,282
Noninterest income:
(Loss) gain from securities, net	(28)	(109)	41	(261)
Gain (loss) on sales or write-downs of other real estate owned and other assets	533	(8)	350	(442)
Other income	2,485	236	6,035	2,550
Total noninterest income	23,813	33,214	47,162	74,606
Noninterest expenses:
Salaries, commissions and employee benefits	52,020	55,181	100,808	114,624
Occupancy and equipment expense	6,281	5,853	12,190	11,256
Legal and professional fees	2,199	3,116	5,307	5,723
Data processing	2,345	2,404	4,458	4,885
Amortization of core deposit and other intangibles	940	1,194	1,930	2,438
Advertising	2,001	2,031	4,134	6,064
Mortgage restructuring expense	0	12,458	0	12,458
Other expense	15,506	14,760	32,905	28,821
Total noninterest expense	81,292	96,997	161,732	186,269
Income before income taxes	45,142	26,070	91,220	70,619
Income tax expense	9,835	6,717	19,532	16,030
Net income applicable to FB Financial Corporation and noncontrolling interest	35,307	19,353	71,688	54,589
Net income applicable to noncontrolling interest	8	8	8	8
Net income applicable to FB Financial Corporation	$ 35,299	$ 19,345	$ 71,680	$ 54,581
Earnings per common share:
Basic (in dollars per share)	$ 0.75	$ 0.41	$ 1.53	$ 1.15
Diluted (in dollars per share)	$ 0.75	$ 0.41	$ 1.53	$ 1.15
Mortgage banking income
Noninterest income:
Mortgage banking income, service charges on deposit accounts, ATM and interchange fees, investment services and trust income	$ 12,232	$ 22,559	$ 24,318	$ 52,090
Service charges on deposit accounts
Noninterest income:
Mortgage banking income, service charges on deposit accounts, ATM and interchange fees, investment services and trust income	3,185	2,908	6,238	5,822
Investment services and trust income
Noninterest income:
Mortgage banking income, service charges on deposit accounts, ATM and interchange fees, investment services and trust income	2,777	2,275	5,155	4,407
ATM and interchange fees
Noninterest income:
Mortgage banking income, service charges on deposit accounts, ATM and interchange fees, investment services and trust income	$ 2,629	$ 5,353	$ 5,025	$ 10,440

Consolidated Statements of Comprehensive (Loss) Income (Unaudited) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Jun. 30, 2023

Jun. 30, 2022

Jun. 30, 2023

Jun. 30, 2022

Statement of Comprehensive Income [Abstract]

Net income

$ 35,307

$ 19,353

$ 71,688

$ 54,589

Other comprehensive (loss) income, net of tax:

Net unrealized (loss) gain in available-for-sale securities, net of tax (benefit) expense of $(4,890), $(17,343), $2,169 and $(44,826)

(13,858)

(49,233)

6,206

(127,408)

Reclassification adjustment for gain on sale of securities included in net income(1)

^[1]

0

(1)

0

(2)

Net unrealized gain (loss) in hedging activities, net of tax expense (benefit) of $6, $99, $(64) and $372

17

283

(180)

1,057

Total other comprehensive (loss) income, net of tax

(13,841)

(48,951)

6,026

(126,353)

Comprehensive income (loss) applicable to FB Financial Corporation and noncontrolling interest

21,466

(29,598)

77,714

(71,764)

Comprehensive income applicable to noncontrolling interest

8

Comprehensive income (loss) applicable to FB Financial Corporation

$ 21,458

$ (29,606)

$ 77,706

$ (71,772)

[1]	The tax expense for all periods shown was not meaningful.

Consolidated Statements of Comprehensive (Loss) Income (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Statement of Comprehensive Income [Abstract]
Net tax (benefits) expenses on net change in unrealized gain (loss) on available-for-sale securities	$ (4,890)	$ (17,343)	$ 2,169	$ (44,826)
Net tax expenses (benefits) recognized on net change in unrealized gain (loss) on hedging activities	$ 6	$ 99	$ (64)	$ 372

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	RSUs	PSUs	Total common shareholders' equity	Total common shareholders' equity RSUs	Total common shareholders' equity PSUs	Common stock	Common stock RSUs	Common stock PSUs	Additional paid-in capital	Additional paid-in capital RSUs	Additional paid-in capital PSUs	Retained earnings	Accumulated other comprehensive income (loss), net	Noncontrolling interest
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	54,589			54,581									54,581		8
Other comprehensive income (loss), net of taxes	(126,353)			(126,353)										(126,353)
Repurchase of common stock	(32,743)			(32,743)			(795)			(31,948)
Stock based compensation expense	5,620			5,620			2			5,618
Restricted stock units vested and distributed, net of shares withheld		$ (2,146)			$ (2,146)			$ 111			$ (2,257)
Shares issued under employee stock purchase program	687			687			15			672
Dividends declared	(12,396)			(12,396)									(12,396)
Noncontrolling interest distribution	(8)														(8)
Ending balance at Jun. 30, 2022	1,319,945			1,319,852			46,882			864,614			528,851	(120,495)	93
Beginning balance at Mar. 31, 2022	1,379,869			1,379,776			47,488			888,168			515,664	(71,544)	93
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to FB Financial Corporation and noncontrolling interest	19,353			19,345									19,345		8
Other comprehensive income (loss), net of taxes	(48,951)			(48,951)										(48,951)
Repurchase of common stock	(26,540)			(26,540)			(650)			(25,890)
Stock based compensation expense	3,038			3,038			1			3,037
Restricted stock units vested and distributed, net of shares withheld		(658)			(658)			43			(701)
Dividends declared	(6,158)			(6,158)									(6,158)
Noncontrolling interest distribution	(8)														(8)
Ending balance at Jun. 30, 2022	1,319,945			1,319,852			46,882			864,614			528,851	(120,495)	93
Beginning balance at Dec. 31, 2022	1,325,518			1,325,425			46,738			861,588			586,532	(169,433)	93
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to FB Financial Corporation and noncontrolling interest	71,688			71,680									71,680		8
Other comprehensive income (loss), net of taxes	6,026			6,026										6,026
Repurchase of common stock	(4,944)			(4,944)			(136)			(4,808)
Stock based compensation expense	5,533			5,533			6			5,527
Restricted stock units vested and distributed, net of shares withheld	(1,606)	(1,315)		(1,606)	(1,315)		115	68		(1,721)	(1,383)
Shares issued under employee stock purchase program			$ 321			$ 321			$ 8			$ 313
Dividends declared	(14,169)			(14,169)									(14,169)
Noncontrolling interest distribution	(8)														(8)
Ending balance at Jun. 30, 2023	1,387,044			1,386,951			46,799			859,516			644,043	(163,407)	93
Beginning balance at Mar. 31, 2023	1,369,789			1,369,696			46,763			856,628			615,871	(149,566)	93
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to FB Financial Corporation and noncontrolling interest	35,307			35,299									35,299		8
Other comprehensive income (loss), net of taxes	(13,841)			(13,841)										(13,841)
Stock based compensation expense	3,248			3,248			5			3,243
Restricted stock units vested and distributed, net of shares withheld	(154)	$ (170)		(154)	$ (170)		23	$ 8		(177)	$ (178)
Dividends declared	(7,127)			(7,127)									(7,127)
Noncontrolling interest distribution	(8)														(8)
Ending balance at Jun. 30, 2023	$ 1,387,044			$ 1,386,951			$ 46,799			$ 859,516			$ 644,043	$ (163,407)	$ 93

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Statement of Stockholders' Equity [Abstract]
Dividends declared (in dollars per share)	$ 0.15	$ 0.13	$ 0.30	$ 0.26

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash flows from operating activities:
Net income attributable to FB Financial Corporation and noncontrolling interest	$ 71,688	$ 54,589
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of fixed assets and software	4,680	4,048
Amortization of core deposit and other intangibles	1,930	2,438
Amortization of issuance costs on subordinated debt	194	193
Capitalization of mortgage servicing rights	(4,061)	(15,070)
Net change in fair value of mortgage servicing rights	5,993	(28,096)
Stock-based compensation expense	5,533	5,620
Provision for credit losses on loans HFI	7,572	2,052
Provision for credit losses on unfunded commitments	(8,159)	6,019
Provision for mortgage loan repurchases	(450)	(1,189)
(Accretion) amortization of discounts and premiums on acquired loans, net	(305)	2,288
Amortization of premiums and accretion of discounts on securities, net	2,691	3,692
(Gain) loss from securities, net	(41)	261
Originations of loans held for sale	(641,962)	(1,719,488)
Proceeds from sale of loans held for sale	679,456	2,213,443
Gain on sale and change in fair value of loans held for sale	(17,495)	(35,410)
Net (gain) loss on write-downs of other real estate owned and other assets	(350)	442
Provision for deferred income taxes	2,629	12,461
Earnings on bank-owned life insurance	(983)	(728)
Changes in:
Operating lease assets and liabilities, net	1,033	166
Other assets and interest receivable	(2,727)	13,566
Accrued expenses and other liabilities	(250)	7,279
Net cash provided by operating activities	106,616	528,576
Activity in available-for-sale securities:
Sales	0	1,218
Maturities, prepayments and calls	58,415	126,349
Purchases	(905)	(243,209)
Net change in loans	(15,832)	(990,402)
Sales of FHLB stock	26,368	0
Purchases of FHLB stock	(7,993)	(2,364)
Purchases of premises and equipment	(12,576)	(3,224)
Proceeds from the sale of premises and equipment	0	875
Proceeds from the sale of other real estate owned	5,155	418
Proceeds from the sale of other assets	775	0
Proceeds from bank-owned life insurance	236	0
Net cash provided by (used in) investing activities	53,643	(1,110,339)
Cash flows from financing activities:
Net increase (decrease) in deposits	15,489	(287,478)
Net increase (decrease) in securities sold under agreements to repurchase and federal funds purchased	29,275	(9,010)
Net decrease in short-term FHLB advances	(50,000)	0
Share based compensation withholding payments	(2,921)	(2,146)
Net proceeds from sale of common stock under employee stock purchase program	321	687
Repurchase of common stock	(4,944)	(32,743)
Dividends paid on common stock	(14,011)	(12,304)
Dividend equivalent payments made upon vesting of equity compensation	(158)	(114)
Noncontrolling interest distribution	(8)	(8)
Net cash used in financing activities	(26,957)	(343,116)
Net change in cash and cash equivalents	133,302	(924,879)
Cash and cash equivalents at beginning of the period	1,027,052	1,797,740
Cash and cash equivalents at end of the period	1,160,354	872,861
Supplemental cash flow information:
Interest paid	116,211	15,638
Taxes paid, net	29,338	726
Supplemental noncash disclosures:
Transfers from loans to other real estate owned	593	563
Transfers from loans to other assets	1,391	0
Loans provided for sales of other assets	424	0
Transfers from loans to loans held for sale	10,545	20,016
Transfers from loans held for sale to loans	2,755	14,179
Decrease in rebooked GNMA loans under optional repurchase program	(5,986)	0
Dividends declared not paid on restricted stock units	158	118
Right-of-use assets obtained in exchange for operating lease liabilities	$ 3,477	$ 2,317

Basis of Presentation

6 Months Ended

Jun. 30, 2023

Accounting Policies [Abstract]

Basis of Presentation

Basis of presentation:

Overview and presentation

FB Financial Corporation is a financial holding company headquartered in Nashville, Tennessee. The Company operates primarily through its wholly-owned subsidiary, FirstBank and the Bank's subsidiaries. As of June 30, 2023, the Bank had 82 full-service branches throughout Tennessee, Alabama, southern Kentucky and north Georgia, and a 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 financial statements and the reported results of operations for the reporting periods and the related disclosures. Although management's estimates contemplate current conditions and how they are expected to change in the future, it is reasonably possible that actual conditions could vary from those anticipated, which could cause the Company's financial condition and results of operations to vary 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.

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 calculations for each of the periods presented:


	Three Months Ended June 30,			Six Months Ended June 30,
		2023		2022		2023		2022
Basic earnings per common share:
Net income applicable to FB Financial Corporation		$	35,299	$	19,345	$	71,680	$	54,581
Dividends paid on and undistributed earnings allocated to participating securities		—		—		—		—
Earnings available to common shareholders		$	35,299	$	19,345	$	71,680	$	54,581
Weighted average basic shares outstanding		46,779,388		47,111,055		46,729,778		47,320,784
Basic earnings per common share		$	0.75	$	0.41	$	1.53	$	1.15
Diluted earnings per common share:
Earnings available to common shareholders		$	35,299	$	19,345	$	71,680	$	54,581
Weighted average basic shares outstanding		46,779,388		47,111,055		46,729,778		47,320,784
Weighted average diluted shares contingently issuable(1)		35,466		100,595		47,825		145,507
Weighted average diluted shares outstanding		46,814,854		47,211,650		46,777,603		47,466,291
Diluted earnings per common share		$	0.75	$	0.41	$	1.53	$	1.15

(1)Excludes 315,989 and 250,074 restricted stock units outstanding considered to be antidilutive for the three and six months ended June 30, 2023 and 202,661 and 10,678 restricted stock units outstanding considered to be antidilutive for the three and six months ended June 30, 2022.

Recently adopted accounting standards:

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 one-time 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. In December 2022, the FASB issued ASU 2022-06, "Reference rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848" to extend the date to December 31, 2024 for companies to apply the relief in Topic 848. The application of this guidance has not had and is not expected to have a material impact to the consolidated financial statements or related disclosures.

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. The Company adopted the update effective January 1, 2023. The adoption of this standard did not have an impact on the consolidated financial statements or 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 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 prospectively adopted the amendment effective January 1, 2023 and updated its disclosures

beginning with the first quarter of 2023. Refer to Note 3 for further information. The adoption of this standard did not have a material impact on the Company's consolidated financial statements.

Newly issued not yet effective accounting standards:

In June 2022, the FASB issued ASU 2022-03, “Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions”. The FASB issued this update to clarify the guidance in Topic 820, Fair Value Measurement, when measuring the fair value of an equity security subject to contractual restrictions that prohibit the sale of an equity security, to amend a related illustrative example, and to introduce new disclosure requirements for equity securities subject to contractual sale restrictions that are measured at fair value in accordance with Topic 820. The ASU becomes effective January 1, 2024 and the adoption is not expected to have a significant impact on the Company's consolidated financial statements or related disclosures.

In March 2023, the FASB issued ASU 2023-01, “Leases (Topic 842): Common Control Arrangements” as part of the Post-Implementation Review process of Topic 842 around related party arrangements between entities under common control. Under previous guidance, a lessee is generally required to amortize leasehold improvements that it owns over the shorter of the useful life of those improvements or the lease term. However, due to the nature of leasehold improvements made under leases between entities under common control, ASU 2023-01 requires a lessee in a common-control arrangement to amortize such leasehold improvements that it owns over the improvements' useful life to the common control group, regardless of the lease term. The ASU becomes effective January 1, 2024 and is not expected to have a material impact on the Company's consolidated financial statements or related disclosures.

Additionally, in March 2023, the FASB issued ASU 2023-02, "Investments-Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method". The amendments in this update permit reporting entities to elect to account for tax equity investments, regardless of the tax credit program from which the income tax credits are received, using the proportional amortization method if certain conditions are met. The ASU becomes effective January 1, 2024. The adoption of this accounting pronouncement will have no impact on the Company's historical consolidated financial statements but could influence the Company's decisions with respect to investments in certain tax credits prospectively.

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 June 30, 2023, but prior to the issuance of these financial statements that would have a material impact on the Company’s consolidated financial statements.

Investment Securities

6 Months Ended

Jun. 30, 2023

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 loss at June 30, 2023 and December 31, 2022:


	June 30, 2023
	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	$	45,185	$	—	$	(4,656)	$	—	$	40,529
Mortgage-backed securities - residential	1,165,901		—		(186,501)		—		979,400
Mortgage-backed securities - commercial	18,747		—		(1,493)		—		17,254
Municipal securities	294,032		387		(27,322)		—		267,097
U.S. Treasury securities	113,508		—		(5,287)		—		108,221
Corporate securities	8,000		—		(1,141)		—		6,859
Total	$	1,645,373	$	387	$	(226,400)	$	—	$	1,419,360


	December 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	$	45,167	$	—	$	(5,105)	$	—	$	40,062
Mortgage-backed securities - residential	1,224,522		—		(190,329)		—		1,034,193
Mortgage-backed securities - commercial	19,209		—		(1,565)		—		17,644
Municipal securities	295,375		458		(31,413)		—		264,420
U.S. Treasury securities	113,301		—		(5,621)		—		107,680
Corporate securities	8,000		—		(813)		—		7,187
Total	$	1,705,574	$	458	$	(234,846)	$	—	$	1,471,186

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 June 30, 2023 and December 31, 2022, total accrued interest receivable on debt securities was $5,358 and $5,470, respectively.

Securities pledged at June 30, 2023 and December 31, 2022 had carrying amounts of $1,138,262 and $1,191,021, respectively, and were pledged to secure a Federal Reserve Bank line of credit, public deposits and repurchase agreements.

There were no holdings of debt 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 June 30, 2023 and December 31, 2022, 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 as of June 30, 2023 and December 31, 2022 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.


	June 30,				December 31,
	2023				2022
	Available-for-sale				Available-for-sale
	Amortized cost		Fair value		Amortized cost		Fair value
Due in one year or less	$	66,285	$	64,880	$	4,277	$	4,225
Due in one to five years	106,548		98,449		161,556		152,181
Due in five to ten years	60,725		57,675		61,290		57,859
Due in over ten years	227,167		201,702		234,720		205,084
	460,725		422,706		461,843		419,349
Mortgage-backed securities - residential	1,165,901		979,400		1,224,522		1,034,193
Mortgage-backed securities - commercial	18,747		17,254		19,209		17,644
Total debt securities	$	1,645,373	$	1,419,360	$	1,705,574	$	1,471,186

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


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Proceeds from sales	$	—	$	1,218	$	—	$	1,218
Proceeds from maturities, prepayments and calls	31,588		68,906		58,415		126,349
Gross realized gains	—		1		—		3
Gross realized losses	—		—		—		—

The following tables show gross unrealized losses for which an allowance for credit losses has not been recorded at June 30, 2023 and December 31, 2022, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position:


	June 30, 2023
	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	$	956	$	(11)	$	39,573	$	(4,645)	$	40,529	$	(4,656)
Mortgage-backed securities - residential	43,118		(2,190)		936,282		(184,311)		979,400		(186,501)
Mortgage-backed securities - commercial	—		—		17,254		(1,493)		17,254		(1,493)
Municipal securities	53,700		(767)		179,210		(26,555)		232,910		(27,322)
U.S. Treasury securities	249		(1)		107,972		(5,286)		108,221		(5,287)
Corporate securities	—		—		6,859		(1,141)		6,859		(1,141)
Total	$	98,023	$	(2,969)	$	1,287,150	$	(223,431)	$	1,385,173	$	(226,400)


	December 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	$	23,791	$	(2,802)	$	16,271	$	(2,303)	$	40,062	$	(5,105)
Mortgage-backed securities - residential	316,656		(32,470)		717,537		(157,859)		1,034,193		(190,329)
Mortgage-backed securities - commercial	11,104		(968)		6,540		(597)		17,644		(1,565)
Municipal securities	196,419		(26,811)		36,726		(4,602)		233,145		(31,413)
U.S. Treasury securities	94,248		(4,122)		13,432		(1,499)		107,680		(5,621)
Corporate securities	4,008		(492)		3,179		(321)		7,187		(813)
Total	$	646,226	$	(67,665)	$	793,685	$	(167,181)	$	1,439,911	$	(234,846)

As of June 30, 2023 and December 31, 2022, the Company’s debt securities portfolio consisted of 505 and 503 securities, 452 and 454 of which were in an unrealized loss position, respectively.

During the three months ended June 30, 2023, the Company's available-for-sale debt securities portfolio net unrealized value decreased $18,748 to a net unrealized loss position of $226,013 from a net unrealized loss position of $207,265 as of March 31, 2023. During the six months ended June 30, 2023, the Company's available-for-sale debt securities portfolio net unrealized value increased $8,375 from a net unrealized loss position of $234,388 as of December 31, 2022.

During the three months ended June 30, 2022, the Company's available-for-sale debt securities portfolio net unrealized value declined $66,577 to a net unrealized loss position of $167,510 as of June 30, 2022 from a net unrealized loss position of $100,933 as of March 31, 2022. During the six months ended June 30, 2022, the Company's available-for-sale debt securities portfolio net unrealized value declined $172,237 from a net unrealized gain position of $4,727 as of December 31, 2021.

The majority of the investment portfolio was either government guaranteed, 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. Municipal securities with market values below amortized cost at June 30, 2023 were reviewed for material credit events and/or rating downgrades with individual credit reviews performed. The issuers of these debt securities continue to make timely principal and interest payments under the contractual terms of the securities and the issuers will continue to be observed as a part of the Company’s ongoing credit monitoring. As such, as of June 30, 2023 and December 31, 2022, 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. Further, it is not likely that the Company will be required to sell the securities before recovery of their amortized cost basis. Therefore, there was no provision for credit losses recognized on available-for-sale debt securities during the three and six months ended June 30, 2023 or 2022.

Equity Securities

As of June 30, 2023 and December 31, 2022, the Company had $3,031 and $2,990, in marketable equity securities recorded at fair value, respectively. The Company had equity securities without readily determinable market value included in other assets on the consolidated balance sheets with carrying amounts of $23,896 and $22,496 at June 30, 2023 and December 31, 2022, respectively. Additionally, the Company had $40,266 and $58,641 of Federal Home Loan Bank stock carried at cost at June 30, 2023 and December 31, 2022, respectively, included separately from the other equity securities discussed above.

The change in the fair value of equity securities and sale of equity securities with readily determinable fair values resulted in a net loss of $28 and of $110 for the three months ended June 30, 2023 and 2022, respectively, and in a net gain of $41 and a net loss of $264 for the six months ended June 30, 2023 and 2022, respectively.

Loans and Allowance for Credit Losses on Loans HFI

6 Months Ended

Jun. 30, 2023

Receivables [Abstract]

Loans and Allowance for Credit Losses on Loans HFI

Loans and allowance for credit losses on loans HFI:

Loans outstanding as of June 30, 2023 and December 31, 2022, by class of financing receivable are as follows:


	June 30,		December 31,
	2023		2022
Commercial and industrial	$	1,693,572	$	1,645,783
Construction	1,636,970		1,657,488
Residential real estate:
1-to-4 family mortgage	1,548,614		1,573,121
Residential line of credit	507,652		496,660
Multi-family mortgage	518,025		479,572
Commercial real estate:
Owner-occupied	1,158,782		1,114,580
Non-owner occupied	1,881,978		1,964,010
Consumer and other	380,431		366,998
Gross loans	9,326,024		9,298,212
Less: Allowance for credit losses on loans HFI	(140,664)		(134,192)
Net loans	$	9,185,360	$	9,164,020

As of June 30, 2023 and December 31, 2022, $1,000,551 and $909,734, respectively, of qualifying residential mortgage loans (including loans held for sale) and $1,732,824 and $1,763,730, respectively, of qualifying commercial mortgage loans were pledged to the FHLB system securing advances against the Bank’s line of credit. Additionally, as of June 30, 2023 and December 31, 2022, qualifying loans of $3,116,035 and $3,118,172, respectively, were pledged to the Federal Reserve 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 June 30, 2023 and December 31, 2022, accrued interest receivable on loans held for investment amounted to $38,057 and $38,507, respectively.

Allowance for Credit Losses on Loans HFI

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 Moody's that are applicable to each 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 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.

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 Company performed evaluations within the Company's established qualitative framework, assessing the impact of the current economic outlook, including: uncertainty due to inflation, recent bank failures, negative economic forecasts, predicted Federal Reserve rate increases, and other considerations. The increase in the allowance for credit losses as of June 30, 2023 compared with December 31, 2022 is primarily a result of deterioration in economic forecasts between periods. These forecasts included weighted projections that the economy may be nearing a recession, reflected through deterioration in asset quality projected over life of the loan portfolio. As of June 30, 2023, the macroeconomic forecast was determined solely using the Moody’s baseline scenario, which showed a slightly more negative outlook than the comparative baseline as of December 31, 2022. As of December 31, 2022, the macroeconomic forecast used a weighting of two economic forecasts from Moody’s in order to align with management’s best estimate over the reasonable and supportable forecast period. The Moody’s baseline scenario was weighted the heaviest and the downside scenario received a smaller weighting. Additionally, as of June 30, 2023, loss rates on residential loans and HELOC were qualitatively adjusted downward, addressing the relative strength of asset values in the Company's predominant markets.

The Company calculates its allowance for credit losses on loans HFI using a lifetime loss rate methodology and disaggregates the loan portfolio into three pools. The following presents a summary of quantitative and qualitative factors considered as of June 30, 2023, which resulted in changes in the allowance for credit losses compared to December 31, 2022 as described below.


Pool	Source of repayment	Quantitative and Qualitative factors considered
Commercial and Industrial	Repayment is largely dependent upon the operation of the borrower's business.	Quantitative: Prepayment speeds are modeled in the form of a prepayment benchmarking that directly impacts the ACL output for all C&I loans and lines of credit. Loss rates incorporate a peer scaling factor. Qualitative: An uncertain economic outlook including the effects of inflation and the interest rate environment are driving a qualitative increase in the ACL.
Retail	Repayment is primarily dependent on the personal cash flow of the borrower.	Quantitative: Average FICO scores, remaining life of the portfolio, delinquency composition, prepayment speeds leveraging Equifax and Moody's data Qualitative: High modeled loss rates and the relatively strong housing market within the bank’s footprint are driving a qualitative decrease in the ACL.
Commercial Real Estate	Repayment is primarily dependent on lease income generated from the underlying collateral.	Quantitative: Prepayment speeds leverage a reverse-compounding formula. Loss rates incorporate a peer scaling factor. Qualitative: An uncertain economic outlook in Non-owner occupied CRE are driving a qualitative increase in the ACL.

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.

Effective January 1, 2023, the Company prospectively adopted the accounting guidance in ASU 2022-02, "Financial Instruments—Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures", which eliminates the recognition and measurement of TDRs. Upon adoption of this guidance, the Company no longer measures an allowance for credit losses for TDRs it reasonably expects will occur, and it evaluates all loan modifications according to the accounting guidance for loan refinancing and modifications to determine whether the modification should be accounted for as a new loan or a continuation of the existing loan. After adoption, the Company now derecognizes the existing loan and accounts for the modified loan as a new loan if the effective yield on the modified loan is at least equal to the effective yield for comparable loans with similar collection risks and the modifications to the original loan are more than minor. If a loan modification does not meet these conditions, it extends the existing loan’s amortized cost basis and accounts for the modified loan as a continuation of the existing loan. Substantially all of its loan modifications involving borrowers experiencing financial difficulty are accounted for as a continuation of the existing loan.

Prior to January 1, 2023, 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 used the same methodology to estimate credit losses. In cases where the expected credit loss could only be captured through a discounted cash flow analysis (such as an interest rate modification for a TDR loan), the allowance was measured by the amount which the loan’s amortized cost exceeds the discounted cash flow analysis.

The following tables provide the changes in the allowance for credit losses on loans HFI by class of financing receivable for the three and six months ended June 30, 2023 and 2022:


	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 June 30, 2023
Beginning balance - March 31, 2023	$	11,117	$	41,025	$	27,213	$	9,034	$	6,619	$	7,952	$	21,868	$	13,981	$	138,809
Provision for credit losses on loans HFI	192		(1,115)		185		151		209		643		1,009		1,301		2,575
Recoveries of loans previously charged-off	13		10		25		—		—		16		—		108		172
Loans charged off	(11)		—		(16)		—		—		(144)		—		(721)		(892)


Ending balance - June 30, 2023	$	11,311	$	39,920	$	27,407	$	9,185	$	6,828	$	8,467	$	22,877	$	14,669	$	140,664
Six Months Ended June 30, 2023
Beginning balance - December 31, 2022	$	11,106	$	39,808	$	26,141	$	7,494	$	6,490	$	7,783	$	21,916	$	13,454	$	134,192


Provision for credit losses on loans HFI	182		102		1,258		1,691		338		746		961		2,294		7,572
Recoveries of loans previously charged-off	80		10		40		—		—		82		—		347		559
Loans charged off	(57)		—		(32)		—		—		(144)		—		(1,426)		(1,659)


Ending balance - June 30, 2023	$	11,311	$	39,920	$	27,407	$	9,185	$	6,828	$	8,467	$	22,877	$	14,669	$	140,664


	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 June 30, 2022
Beginning balance - March 31, 2022	$	12,699	$	31,782	$	21,024	$	6,545	$	6,398	$	8,416	$	21,290	$	11,895	$	120,049
Provision for credit losses on loans HFI	(783)		6,590		383		314		105		(1,102)		1,246		1,428		8,181
Recoveries of loans previously charged-off	26		11		14		16		—		15		—		348		430
Loans charged off	(1,751)		—		(23)		—		—		—		—		(614)		(2,388)

Ending balance - June 30, 2022	$	10,191	$	38,383	$	21,398	$	6,875	$	6,503	$	7,329	$	22,536	$	13,057	$	126,272
Six Months Ended June 30, 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 on loans HFI	(4,789)		9,796		2,291		955		(473)		(5,289)		(3,232)		2,793		2,052
Recoveries of loans previously charged-off	984		11		26		17		—		25		—		565		1,628
Loans charged off	(1,755)		—		(23)		—		—		—		—		(1,189)		(2,967)


Ending balance - June 30, 2022	$	10,191	$	38,383	$	21,398	$	6,875	$	6,503	$	7,329	$	22,536	$	13,057	$	126,272

Credit Quality - Commercial Type 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.

The following tables present the credit quality of the Company's commercial type loan portfolio as of June 30, 2023 and December 31, 2022 and the gross charge-offs for the six months ended June 30, 2023 by year of origination. 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.

Effective January 1, 2023, the Company adopted the accounting guidance in ASU 2022-02 which requires the presentation of gross charge-offs by year of origination. The Company prospectively adopted ASU 2022-02; therefore, prior period activity of gross charge-offs by year of origination are not included in the below tables.





As of and for the six months ended June 30, 2023	2023		2022		2021		2020		2019		Prior		Revolving Loans Amortized Cost Basis		Total
Commercial and industrial
Pass	$	121,939	$	348,068	$	174,977	$	47,672	$	78,078	$	82,735	$	787,526	$	1,640,995
Special Mention	—		3,453		329		2,016		157		1,427		20,241		27,623
Classified	481		2,666		610		1,910		1,349		5,956		11,982		24,954

Total	122,420		354,187		175,916		51,598		79,584		90,118		819,749		1,693,572

Current-period gross charge-offs	—		—		46		—		—		—		11		57
Construction
Pass	83,247		772,013		374,540		66,581		70,096		51,937		213,231		1,631,645
Special Mention	—		169		—		6		—		718		—		893
Classified	—		3,215		318		899		—		—		—		4,432

Total	83,247		775,397		374,858		67,486		70,096		52,655		213,231		1,636,970

Current-period gross charge-offs	—		—		—		—		—		—		—		—
Residential real estate:

Multi-family mortgage
Pass	19,097		139,768		150,468		119,065		33,190		41,852		13,464		516,904
Special Mention	—		—		—		—		—		—		—		—
Classified	—		—		—		—		—		1,121		—		1,121

Total	19,097		139,768		150,468		119,065		33,190		42,973		13,464		518,025


Current-period gross charge-offs	—		—		—		—		—		—		—		—
Commercial real estate:
Owner occupied
Pass	41,038		233,473		227,506		119,039		164,411		295,161		50,408		1,131,036
Special Mention	—		1,324		1,859		—		162		5,332		—		8,677
Classified	—		6,178		672		—		3,501		4,519		4,199		19,069

Total	41,038		240,975		230,037		119,039		168,074		305,012		54,607		1,158,782

Current-period gross charge-offs	—		—		144		—		—		—		—		144
Non-owner occupied
Pass	14,235		444,487		447,841		121,359		153,675		642,442		42,683		1,866,722
Special Mention	—		—		—		—		399		2,474		—		2,873
Classified	188		—		1,957		—		—		10,238		—		12,383

Total	14,423		444,487		449,798		121,359		154,074		655,154		42,683		1,881,978




Current-period gross charge-offs	—		—		—		—		—		—		—		—
Total commercial loan types
Pass	279,556		1,937,809		1,375,332		473,716		499,450		1,114,127		1,107,312		6,787,302
Special Mention	—		4,946		2,188		2,022		718		9,951		20,241		40,066
Classified	669		12,059		3,557		2,809		4,850		21,834		16,181		61,959

Total	$	280,225	$	1,954,814	$	1,381,077	$	478,547	$	505,018	$	1,145,912	$	1,143,734	$	6,889,327
Current-period gross charge-offs	$	—	$	—	$	190	$	—	$	—	$	—	$	11	$	201





As of December 31, 2022	2022		2021		2020		2019		2018		Prior		Revolving Loans Amortized Cost Basis		Total
Commercial and industrial
Pass	$	396,643	$	204,000	$	67,231	$	90,894	$	39,780	$	62,816	$	762,717	$	1,624,081
Special Mention	125		7		—		160		143		771		2,520		3,726
Classified	65		823		1,916		1,651		273		6,913		6,335		17,976

Total	396,833		204,830		69,147		92,705		40,196		70,500		771,572		1,645,783

Construction
Pass	682,885		495,723		142,233		84,599		17,360		44,326		188,906		1,656,032
Special Mention	—		—		15		—		—		707		—		722
Classified	80		309		—		—		—		345		—		734

Total	682,965		496,032		142,248		84,599		17,360		45,378		188,906		1,657,488

Residential real estate:

Multi-family mortgage
Pass	142,912		147,168		96,819		33,547		6,971		37,385		13,604		478,406
Special Mention	—		—		—		—		—		—		—		—
Classified	—		—		—		—		—		1,166		—		1,166

Total	142,912		147,168		96,819		33,547		6,971		38,551		13,604		479,572


Commercial real estate:
Owner occupied
Pass	237,862		223,883		110,748		148,405		66,101		246,414		57,220		1,090,633
Special Mention	101		683		—		168		2,225		1,258		5,000		9,435
Classified	—		1,293		224		4,589		1,276		7,018		112		14,512

Total	237,963		225,859		110,972		153,162		69,602		254,690		62,332		1,114,580

Non-owner occupied
Pass	467,360		440,319		131,497		159,205		210,752		473,607		60,908		1,943,648
Special Mention	—		—		—		—		82		2,459		—		2,541
Classified	—		2,258		—		146		3,270		12,147		—		17,821

Total	467,360		442,577		131,497		159,351		214,104		488,213		60,908		1,964,010

Total commercial loan types
Pass	1,927,662		1,511,093		548,528		516,650		340,964		864,548		1,083,355		6,792,800
Special Mention	226		690		15		328		2,450		5,195		7,520		16,424
Classified	145		4,683		2,140		6,386		4,819		27,589		6,447		52,209
Total	$	1,928,033	$	1,516,466	$	550,683	$	523,364	$	348,233	$	897,332	$	1,097,322	$	6,861,433

Credit Quality - Consumer Type 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 the Company's consumer type loan portfolio as of June 30, 2023 and December 31, 2022 and the gross charge-offs for the six months ended June 30, 2023 by year of origination. 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.

Effective January 1, 2023, the Company adopted the accounting guidance in ASU 2022-02 which requires the presentation of gross charge-offs by year of origination. The Company prospectively adopted ASU 2022-02; therefore, prior period balances for gross charge-offs by year of origination are not included below.





As of and for the six months ended June 30, 2023	2023		2022		2021		2020		2019		Prior		Revolving Loans Amortized Cost Basis		Total





Residential real estate:
1-to-4 family mortgage
Performing	$	100,265	$	531,715	$	411,194	$	152,684	$	86,026	$	248,803	$	—	$	1,530,687
Nonperforming	—		2,938		3,393		4,255		517		6,824		—		17,927
Total	100,265		534,653		414,587		156,939		86,543		255,627		—		1,548,614
Current-period gross charge-offs	—		16		—		—		—		16		—		32
Residential line of credit
Performing	—		—		—		—		—		—		506,465		506,465
Nonperforming	—		—		—		—		—		—		1,187		1,187
Total	—		—		—		—		—		—		507,652		507,652
Current-period gross charge-offs	—		—		—		—		—		—		—		—
Consumer and other
Performing	45,554		102,231		50,673		36,969		26,698		102,362		7,243		371,730
Nonperforming	—		570		1,630		1,916		1,072		3,513		—		8,701
Total	45,554		102,801		52,303		38,885		27,770		105,875		7,243		380,431
Current-period gross charge-offs	632		386		72		106		21		207		2		1,426
Total consumer type loans
Performing	145,819		633,946		461,867		189,653		112,724		351,165		513,708		2,408,882
Nonperforming	—		3,508		5,023		6,171		1,589		10,337		1,187		27,815
Total	$	145,819	$	637,454	$	466,890	$	195,824	$	114,313	$	361,502	$	514,895	$	2,436,697
Current-period gross charge-offs	$	632	$	402	$	72	$	106	$	21	$	223	$	2	$	1,458





As of December 31, 2022	2022		2021		2020		2019		2018		Prior		Revolving Loans Amortized Cost Basis		Total





Residential real estate:
1-to-4 family mortgage
Performing	$	568,210	$	448,401	$	160,715	$	93,548	$	68,113	$	211,019	$	—	$	1,550,006
Nonperforming	1,227		5,163		5,472		1,778		2,044		7,431		—		23,115
Total	569,437		453,564		166,187		95,326		70,157		218,450		—		1,573,121
Residential line of credit
Performing	—		—		—		—		—		—		495,129		495,129
Nonperforming	—		—		—		—		—		—		1,531		1,531
Total	—		—		—		—		—		—		496,660		496,660
Consumer and other
Performing	118,637		56,779		41,008		29,139		26,982		82,318		4,175		359,038
Nonperforming	166		1,396		1,460		906		1,507		2,525		—		7,960
Total	118,803		58,175		42,468		30,045		28,489		84,843		4,175		366,998
Total consumer type loans
Performing	686,847		505,180		201,723		122,687		95,095		293,337		499,304		2,404,173
Nonperforming	1,393		6,559		6,932		2,684		3,551		9,956		1,531		32,606
Total	$	688,240	$	511,739	$	208,655	$	125,371	$	98,646	$	303,293	$	500,835	$	2,436,779

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 June 30, 2023 and December 31, 2022:


June 30, 2023	30-89 days past due and accruing interest		90 days or more and accruing interest		Nonaccrual loans		Loans current on payments and accruing interest		Total
Commercial and industrial	$	822	$	—	$	2,163	$	1,690,587	$	1,693,572
Construction	2,127		111		2,649		1,632,083		1,636,970
Residential real estate:
1-to-4 family mortgage	14,302		10,261		7,666		1,516,385		1,548,614
Residential line of credit	1,407		334		853		505,058		507,652
Multi-family mortgage	—		—		37		517,988		518,025
Commercial real estate:
Owner occupied	1,316		—		5,803		1,151,663		1,158,782
Non-owner occupied	3,512		—		5,554		1,872,912		1,881,978
Consumer and other	10,133		1,541		7,160		361,597		380,431
Total	$	33,619	$	12,247	$	31,885	$	9,248,273	$	9,326,024


December 31, 2022	30-89 days past due and accruing interest		90 days or more and accruing interest		Nonaccrual loans		Loans current on payments and accruing interest		Total
Commercial and industrial	$	1,650	$	136	$	1,307	$	1,642,690	$	1,645,783
Construction	1,246		—		389		1,655,853		1,657,488
Residential real estate:
1-to-4 family mortgage	15,470		16,639		6,476		1,534,536		1,573,121
Residential line of credit	772		131		1,400		494,357		496,660
Multi-family mortgage	—		—		42		479,530		479,572
Commercial real estate:
Owner occupied	1,948		—		5,410		1,107,222		1,114,580
Non-owner occupied	102		—		5,956		1,957,952		1,964,010
Consumer and other	10,108		1,509		6,451		348,930		366,998
Total	$	31,296	$	18,415	$	27,431	$	9,221,070	$	9,298,212

The following tables provide the amortized cost basis of loans on non-accrual status, as well as any related allowance as of June 30, 2023 and December 31, 2022 by class of financing receivable.



June 30, 2023	Nonaccrual with no related allowance		Nonaccrual with related allowance		Related allowance
Commercial and industrial	$	1,313	$	850	$	12
Construction	899		1,750		198
Residential real estate:
1-to-4 family mortgage	1,483		6,183		130
Residential line of credit	729		124		2
Multi-family mortgage	—		37		1
Commercial real estate:
Owner occupied	5,683		120		6
Non-owner occupied	5,509		45		1
Consumer and other	110		7,050		362
Total	$	15,726	$	16,159	$	712


December 31, 2022	Nonaccrual with no related allowance		Nonaccrual with related allowance		Related allowance

Commercial and industrial	$	790	$	517	$	10
Construction	—		389		7
Residential real estate:
1-to-4 family mortgage	2,834		3,642		78
Residential line of credit	1,134		266		4
Multi-family mortgage	1		41		1
Commercial real estate:
Owner occupied	5,200		210		1
Non-owner occupied	5,755		201		5
Consumer and other	—		6,451		327
Total	$	15,714	$	11,717	$	433

The following presents interest income recognized on nonaccrual loans for the three and six months ended June 30, 2023 and 2022:


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Commercial and industrial	$	28	$	83	$	48	$	137
Construction	46		7		52		26
Residential real estate:
1-to-4 family mortgage	70		55		149		107
Residential line of credit	27		21		51		61
Multi-family mortgage	—		2		1		2
Commercial real estate:
Owner occupied	39		63		97		88
Non-owner occupied	55		76		137		146
Consumer and other	143		54		316		69
Total	$	408	$	361	$	851	$	636

Accrued interest receivable written off as an adjustment to interest income amounted to $163 and $344 for the three and six months ended June 30, 2023, respectively, and $123 and $307 for the three and six months ended June 30, 2022, respectively.

Loan Modifications to Borrowers Experiencing Financial Difficulty

Occasionally, the Company may make certain modifications of loans to borrowers experiencing financial difficulty. These modifications may be in the form of an interest rate reduction, a term extension or a combination thereof.

Upon the Company's determination that a modified loan has subsequently been deemed uncollectible, the portion of the loan deemed uncollectible is charged off against the allowance for credit losses on loans HFI.

The Company closely monitors the performance of the loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts.

During the three and six months ended June 30, 2023, the Company modified two residential mortgage loans in the form of term extensions for borrowers experiencing financial difficulties with balances totaling $141.

Troubled debt restructurings

The following disclosure is presented in accordance with GAAP in effect prior to the adoption of ASU 2022-02. The Company has included this disclosure as of December 31, 2022 or for the three and six months ended June 30, 2022.

Prior to the Company's adoption of ASU 2022-02, the Company accounted for a modification to the contractual terms of a loan that resulted in granting a concession to a borrower experiencing financial difficulties as a TDR. ASU 2022-02 eliminated TDR accounting prospectively for all restructurings occurring on or after January 1, 2023. Loans that were restructured in a TDR prior to the adoption of ASU 2022-02 will continue to be accounted for under the historical TDR accounting until the loan is paid off, liquidated or subsequently modified. See Note 1, "Basis of presentation" for more information on the Company's adoption of ASU 2022-02.

As of December 31, 2022, the Company had a recorded investment in TDRs of $13,854. 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, $7,321 were classified as nonaccrual loans as of December 31, 2022. The Company included $253 in allowances for credit losses on TDRs as of December 31, 2022. As of December 31, 2022, unfunded loan commitments to extend additional funds on troubled debt restructurings were not meaningful.

The following table presents the financial effect of TDRs recorded during the periods indicated:


Three Months Ended June 30, 2022	Number of loans	Pre-modification outstanding recorded investment		Post-modification outstanding recorded investment		Charge offs and specific reserves
Commercial and industrial	1	$	55	$	55	$	—




Residential real estate:

Residential line of credit	1	49		49		—


Total	2	$	104	$	104	$	—


Six Months Ended June 30, 2022	Number of loans	Pre-modification outstanding recorded investment		Post-modification outstanding recorded investment		Charge offs and specific reserves
Commercial and industrial	1	$	55	$	55	$	—




Residential real estate:
1-to-4 family mortgage	1	80		80		—
Residential line of credit	1	49		49		—

Consumer and other	1	22		22		—
Total	4	$	206	$	206	$	—

Troubled debt restructurings for which there was a payment default within twelve months following the modification totaled $304 during the six months ended June 30, 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 June 30, 2022. A loan is considered to be in payment default once it is 90 days contractually past due under the modified terms.

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.


	June 30, 2023
	Type of Collateral
	Real Estate		Financial Assets and Equipment		Total		Individually assessed allowance for credit loss
Commercial and industrial	$	2,027	$	11,881	$	13,908	$	—
Construction	1,499		—		1,499		60
Residential real estate:
1-to-4 family mortgage	6,583		1,172		7,755		168
Residential line of credit	729		—		729		—

Commercial real estate:
Owner occupied	5,902				5,902		—
Non-owner occupied	5,510		—		5,510		—
Consumer and other	131		—		131		—
Total	$	22,381	$	13,053	$	35,434	$	228


	December 31, 2022
	Type of Collateral
	Real Estate		Financial Assets and Equipment		Total		Individually assessed allowance for credit loss
Commercial and industrial	$	2,596	$	—	$	2,596	$	—

Residential real estate:
1-to-4 family mortgage	4,467		—		4,467		194
Residential line of credit	1,135		—		1,135		—

Commercial real estate:
Owner occupied	5,424		—		5,424		—
Non-owner occupied	5,755		—		5,755		—
Consumer and other	134		—		134		—
Total	$	19,511	$	—	$	19,511	$	194

Other Real Estate Owned

6 Months Ended

Jun. 30, 2023

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 the lower of the carrying amount of the underlying loan or the fair value of the real estate less costs to sell. The following table summarizes the other real estate owned for the three and six months ended June 30, 2023 and 2022:


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2023		2022		2023		2022
Balance at beginning of period	$	4,085	$	9,721	$	5,794	$	9,777
Transfers from loans	358		—		593		563


Proceeds from sale of other real estate owned	(3,124)		(297)		(5,155)		(418)
Gain (loss) on sale of other real estate owned	655		(26)		742		(130)

Write-downs and partial liquidations	—		—		—		(394)

Balance at end of period	$	1,974	$	9,398	$	1,974	$	9,398

Foreclosed residential real estate properties totaled $772 and $840 as of June 30, 2023 and December 31, 2022, respectively. The recorded investment in residential mortgage loans secured by residential real estate properties for which foreclosure proceedings are in process totaled $4,044 and $2,653 as of June 30, 2023 and December 31, 2022, respectively.

Leases

6 Months Ended

Jun. 30, 2023

Leases [Abstract]

Leases

Leases:

As of June 30, 2023, the Company was the lessee in 58 operating leases and 1 finance lease of certain branch, mortgage and operations locations with original terms greater than one year. Leases with initial terms of less than one year and insignificant equipment leases are not recorded on the Company's consolidated balance sheets.

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.

Information related to the Company's leases is presented below as of June 30, 2023 and December 31, 2022:


		June 30,			December 31,
	Classification	2023			2022
Right-of-use assets:
Operating leases	Operating lease right-of-use assets	$	56,560		$	60,043
Finance leases	Premises and equipment, net	1,311			1,367
Total right-of-use assets		$	57,871		$	61,410
Lease liabilities:
Operating leases	Operating lease liabilities	$	67,304		$	69,754
Finance leases	Borrowings	1,374			1,420
Total lease liabilities		$	68,678		$	71,174
Weighted average remaining lease term (in years) - operating		11.8			12.1
Weighted average remaining lease term (in years) - finance		11.9			12.4
Weighted average discount rate - operating		3.22		%	3.08		%
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				Six Months Ended
		June 30,				June 30,
	Classification	2023		2022		2023		2022
Operating lease costs:
Amortization of right-of-use asset	Occupancy and equipment	$	2,307	$	1,851	$	4,122	$	3,561
Short-term lease cost	Occupancy and equipment	143		144		264		255
Variable lease cost	Occupancy and equipment	326		293		624		549
Lease impairment	Mortgage restructuring expense	—		364		—		364
Gain on lease modifications and terminations	Occupancy and equipment	(1)		—		(73)		(18)
Finance lease costs:
Interest on lease liabilities	Interest expense on borrowings	6		6		12		15
Amortization of right-of-use asset	Occupancy and equipment	27		28		55		65

Sublease income	Occupancy and equipment	(215)		(181)		(496)		(376)
Total lease cost		$	2,593	$	2,505	$	4,508	$	4,415

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 lease liabilities as of June 30, 2023 is as follows:


	Operating		Finance
	Leases		Lease
Lease payments due:
June 30, 2024	$	5,017	$	59
June 30, 2025	7,959		120
June 30, 2026	7,876		121
June 30, 2027	7,753		123
June 30, 2028	7,390		125
Thereafter	45,689		977
Total undiscounted future minimum lease payments	81,684		1,525
Less: imputed interest	(14,380)		(151)
Lease liabilities	$	67,304	$	1,374

Leases

Leases:

As of June 30, 2023, the Company was the lessee in 58 operating leases and 1 finance lease of certain branch, mortgage and operations locations with original terms greater than one year. Leases with initial terms of less than one year and insignificant equipment leases are not recorded on the Company's consolidated balance sheets.

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.

Information related to the Company's leases is presented below as of June 30, 2023 and December 31, 2022:


		June 30,			December 31,
	Classification	2023			2022
Right-of-use assets:
Operating leases	Operating lease right-of-use assets	$	56,560		$	60,043
Finance leases	Premises and equipment, net	1,311			1,367
Total right-of-use assets		$	57,871		$	61,410
Lease liabilities:
Operating leases	Operating lease liabilities	$	67,304		$	69,754
Finance leases	Borrowings	1,374			1,420
Total lease liabilities		$	68,678		$	71,174
Weighted average remaining lease term (in years) - operating		11.8			12.1
Weighted average remaining lease term (in years) - finance		11.9			12.4
Weighted average discount rate - operating		3.22		%	3.08		%
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				Six Months Ended
		June 30,				June 30,
	Classification	2023		2022		2023		2022
Operating lease costs:
Amortization of right-of-use asset	Occupancy and equipment	$	2,307	$	1,851	$	4,122	$	3,561
Short-term lease cost	Occupancy and equipment	143		144		264		255
Variable lease cost	Occupancy and equipment	326		293		624		549
Lease impairment	Mortgage restructuring expense	—		364		—		364
Gain on lease modifications and terminations	Occupancy and equipment	(1)		—		(73)		(18)
Finance lease costs:
Interest on lease liabilities	Interest expense on borrowings	6		6		12		15
Amortization of right-of-use asset	Occupancy and equipment	27		28		55		65

Sublease income	Occupancy and equipment	(215)		(181)		(496)		(376)
Total lease cost		$	2,593	$	2,505	$	4,508	$	4,415

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 lease liabilities as of June 30, 2023 is as follows:


	Operating		Finance
	Leases		Lease
Lease payments due:
June 30, 2024	$	5,017	$	59
June 30, 2025	7,959		120
June 30, 2026	7,876		121
June 30, 2027	7,753		123
June 30, 2028	7,390		125
Thereafter	45,689		977
Total undiscounted future minimum lease payments	81,684		1,525
Less: imputed interest	(14,380)		(151)
Lease liabilities	$	67,304	$	1,374

Mortgage Servicing Rights

6 Months Ended

Jun. 30, 2023

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 and six months ended June 30, 2023 and 2022:


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022


Carrying value at beginning of period	$	164,879	$	144,675	$	168,365	$	115,512
Capitalization	2,273		5,258		4,061		15,070





Change in fair value:
Due to pay-offs/pay-downs	(3,269)		(5,024)		(5,789)		(9,495)
Due to change in valuation inputs or assumptions	2,550		13,769		(204)		37,591
Carrying value at end of period	$	166,433	$	158,678	$	166,433	$	158,678

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 and six months ended June 30, 2023 and 2022:


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Servicing income:
Servicing income	$	7,586	$	7,966	$	15,354	$	15,395
Change in fair value of mortgage servicing rights	(719)		8,745		(5,993)		28,096
Change in fair value of derivative hedging instruments	(3,503)		(9,897)		(1,636)		(28,995)
Servicing income	3,364		6,814		7,725		14,496
Servicing expenses	2,331		3,377		4,214		5,925
Net servicing income	$	1,033	$	3,437	$	3,511	$	8,571

Data and key economic assumptions related to the Company’s mortgage servicing rights as of June 30, 2023 and December 31, 2022 are as follows:


	June 30,			December 31,
	2023			2022
Unpaid principal balance of mortgage loans sold and serviced for others	$	10,961,516		$	11,086,582
Weighted-average prepayment speed (CPR)	5.89		%	5.55		%
Estimated impact on fair value of a 10% increase	$	(4,659)		$	(4,886)
Estimated impact on fair value of a 20% increase	$	(9,012)		$	(9,447)


Discount rate	9.15		%	9.10		%
Estimated impact on fair value of a 100 bp increase	$	(7,801)		$	(8,087)
Estimated impact on fair value of a 200 bp increase	$	(14,933)		$	(15,475)


Weighted-average coupon interest rate	3.40		%	3.31		%
Weighted-average servicing fee (basis points)	27			27
Weighted-average remaining maturity (in months)	333			332

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 June 30, 2023 and December 31, 2022, mortgage escrow deposits totaled to $113,692 and $75,612, 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
-Topic 860
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481420/860-30-50-1A

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
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-Name Accounting Standards Codification
-Section 50
-Paragraph 4
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481229/860-50-50-4

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 20
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-Section 50
-Paragraph 3
-Subparagraph (b)(2)(i)
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-URI https://asc.fasb.org//1943274/2147481326/860-20-50-3

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 20
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-Section 50
-Paragraph 4
-Subparagraph (b)
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-URI https://asc.fasb.org//1943274/2147481326/860-20-50-4

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Name Accounting Standards Codification
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-Paragraph 1
-Subparagraph (SX 210.6-04(11))
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-URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147481229/860-50-50-3

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
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-Name Accounting Standards Codification
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-Paragraph 3
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481229/860-50-50-3

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 50
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)(5)
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-URI https://asc.fasb.org//1943274/2147481229/860-50-50-3

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 50
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481229/860-50-50-2

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-Name Accounting Standards Codification
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-URI https://asc.fasb.org//860/tableOfContent

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
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-URI https://asc.fasb.org//1943274/2147481326/860-20-50-3

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 20
-Name Accounting Standards Codification
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-Paragraph 3
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-URI https://asc.fasb.org//1943274/2147481326/860-20-50-3

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 20
-Name Accounting Standards Codification
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-Paragraph 4
-Subparagraph (a)(5)(ii)
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Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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Reference 16: http://www.xbrl.org/2003/role/disclosureRef
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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
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-Name Accounting Standards Codification
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-Paragraph 1A
-Subparagraph (c)(3)
-Publisher FASB
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Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
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-URI https://asc.fasb.org//1943274/2147481420/860-30-50-7

Reference 19: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 860
-SubTopic 50
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481229/860-50-50-2

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 50
-Name Accounting Standards Codification
-Section 50
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481229/860-50-50-2

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
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-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481229/860-50-50-4

+ Details

Income Taxes

6 Months Ended

Jun. 30, 2023

Income Tax Disclosure [Abstract]

Income Taxes

Income taxes:

The following table presents a reconciliation of income taxes for the three and six months ended June 30, 2023 and 2022:


	Three Months Ended June 30,								Six Months Ended June 30,
	2023				2022				2023				2022
Federal taxes calculated at statutory rate	$	9,480	21.0	%	$	5,475	21.0	%	$	19,156	21.0	%	$	14,830	21.0	%
Increase (decrease) resulting from:
State taxes, net of federal benefit	647		1.4	%	1,582		6.1	%	898		1.0	%	2,533		3.6	%


Expense (benefit) from equity based compensation	69		0.2	%	(15)		(0.1)	%	184		0.2	%	(306)		(0.4)	%
Municipal interest income, net of interest disallowance	(451)		(1.0)	%	(444)		(1.7)	%	(907)		(1.0)	%	(888)		(1.3)	%
Bank-owned life insurance	(79)		(0.2)	%	(79)		(0.3)	%	(206)		(0.2)	%	(153)		(0.2)	%


Section 162(m) limitation	103		0.2	%	40		0.2	%	230		0.2	%	162		0.1	%
Other	66		0.2	%	158		0.6	%	177		0.2	%	(148)		(0.1)	%
Income tax expense, as reported	$	9,835	21.8	%	$	6,717	25.8	%	$	19,532	21.4	%	$	16,030	22.7	%

- 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
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
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-URI https://asc.fasb.org//740/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-Name Accounting Standards Codification
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org//1943274/2147482685/740-10-50-21

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-Name Accounting Standards Codification
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-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-17

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482603/740-30-50-2

+ Details

Commitments and Contingencies

6 Months Ended

Jun. 30, 2023

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Commitments and contingencies:

Commitments to extend credit & letters of credit

Some financial instruments, such as loan commitments, credit lines and letters of credit, 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.

The same credit and underwriting policies are used to make such commitments as are used for loans, including obtaining collateral at exercise of the commitment. These commitments are only recorded in the consolidated financial statements when drawn upon and many expire without being used. The Company's maximum off-balance sheet exposure to credit loss is represented by the contractual amount of these instruments.


	June 30,		December 31,
	2023		2022
Commitments to extend credit, excluding interest rate lock commitments	$	3,187,583	$	3,563,982
Letters of credit	63,814		71,250
Balance at end of period	$	3,251,397	$	3,635,232

As of June 30, 2023 and December 31, 2022, loan commitments included above with floating interest rates totaled $2,711,165 and $2,961,683, respectively.

The Company estimates expected credit losses on off-balance sheet loan commitments 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:


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Balance at beginning of period	$	18,463	$	16,262	$	22,969	$	14,380


Provision for credit losses on unfunded commitments	(3,653)		4,137		(8,159)		6,019
Balance at end of period	$	14,810	$	20,399	$	14,810	$	20,399

Loan repurchases or indemnifications

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 recorded valuation reserve. The total principal amount of loans repurchased (or indemnified for) was $1,371 and $4,697 for the three and six months ended June 30, 2023, respectively and $198 and $1,546 for the three and six months ended June 30, 2022, 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 June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Balance at beginning of period	$	1,358	$	4,317	$	1,621	$	4,802
Provision for loan repurchases or indemnifications	(200)		(800)		(450)		(1,189)

Losses on loans repurchased or indemnified	(29)		(72)		(42)		(168)
Balance at end of period	$	1,129	$	3,445	$	1,129	$	3,445

Legal Proceedings

Various legal claims arise from time to time in the normal course of business, which, in the opinion of management, will not have a material effect on the Company’s consolidated financial statements.

Derivatives

6 Months Ended

Jun. 30, 2023

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 interest rate-lock commitments to originate loans whereby the interest rate on the loan is determined prior to funding. 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 interest 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 also 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:


	June 30, 2023
	Notional Amount		Asset		Liability

Interest rate contracts	$	789,547	$	43,238	$	43,039
Forward commitments	314,500		820		—
Interest rate-lock commitments	135,374		1,611		—
Futures contracts	328,500		452		—

Total	$	1,567,921	$	46,121	$	43,039


	December 31, 2022
	Notional Amount		Asset		Liability

Interest rate contracts	$	560,310	$	45,775	$	45,762
Forward commitments	207,000		306		—
Interest rate-lock commitments	118,313		1,433		—
Futures contracts	494,300		—		3,790

Total	$	1,379,923	$	47,514	$	49,552

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


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Included in mortgage banking income:
Interest rate lock commitments	$	(1,028)	$	2,007	$	179	$	(3,439)
Forward commitments	1,031		14,432		736		52,335
Futures contracts	(2,521)		(9,165)		(584)		(25,700)
Option contracts	(461)		—		(1,125)		36
Total	$	(2,979)	$	7,274	$	(794)	$	23,232

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. 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. 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%. Given the cessation of LIBOR on June 30, 2023, the final payment date utilizing a 3-month LIBOR reset will be in the last half of 2023. Following this payment, the variable rate in these swap agreements will convert to the ISDA recommended fallback rate of SOFR plus a credit spread adjustment.

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

June 30, 2023

December 31, 2022

Notional Amount

Estimated fair value

Balance sheet location

Estimated fair value

Balance sheet location

Interest rate swap agreements-
subordinated debt

$

30,000

$

1,011

Other assets

$

1,255

Other assets

The Company's consolidated statements of income included gains of $232 and $429 for the three and six months ended June 30, 2023, respectively, and losses of $101 and $240 for the three and six months ended June 30, 2022, 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 into earnings during either period presented.

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


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022

Amount of gain (loss) recognized in other comprehensive (loss) income, net of tax expense (benefit) of $6, $99, $(64) and $372	$	17	$	283	$	(180)	$	1,057

Derivatives designated as fair value hedges

The Company utilizes 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 June 30, 2023 and December 31, 2022, the fair value hedges were deemed effective.


				June 30, 2023				December 31, 2022
	Remaining Maturity (In Years)	Receive Fixed Rate	Pay Floating Rate	Notional Amount		Estimated fair value		Notional Amount		Estimated fair value
Derivatives included in other liabilities:
Interest rate swap agreement- fixed rate money market deposits	1.14	1.50%	SOFR	75,000		(3,343)		75,000		(3,693)
Interest rate swap agreement- fixed rate money market deposits	1.14	1.50%	SOFR	125,000		(5,572)		125,000		(6,154)
Interest rate swap agreement- subordinated debt	0.67	1.46%	SOFR	$	100,000	$	(2,590)	$	100,000	$	(3,830)
Total	0.98	1.48%		$	300,000	$	(11,505)	$	300,000	$	(13,677)

The following discloses the amount of (expense) income included in interest expense on borrowings and deposits, related to these fair value hedging instruments:


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Designated fair value hedge:
Interest (expense) income on deposits	$	(1,769)	$	395	$	(3,277)	$	708
Interest (expense) income on borrowings	(894)		186		(1,654)		348
Total	$	(2,663)	$	581	$	(4,931)	$	1,056

The following amounts were recorded on the balance sheet related to cumulative adjustments of fair value hedges as of the dates presented:



	Carrying Amount of the Hedged Item					Cumulative Decrease in Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Item
Line item on the balance sheet	June 30, 2023		December 31, 2022			June 30, 2023		December 31, 2022
Money market and savings deposits	195,589		196,520		(1)	(8,915)		(9,847)
Borrowings	$	96,605	$	95,171	(2)	$	(2,590)	$	(3,830)

(1) The carrying value also includes an unaccreted purchase accounting fair value premium of $4,504 and $6,367 as of June 30, 2023 and December 31, 2022, respectively.

(2) The carrying value also includes unamortized subordinated debt issuance costs of $805 and $999 as of June 30, 2023 and December 31, 2022, respectively.

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:













							Gross amounts not offset in the consolidated balance sheets
	Gross amounts recognized		Gross amounts offset in the consolidated balance sheets		Net amounts presented in the consolidated balance sheets		Financial instruments		Financial collateral pledged		Net Amount
June 30, 2023
Derivative financial assets	$	44,150	$	—	$	44,150	$	12,613	$	—	$	31,537
Derivative financial liabilities	$	18,441	$	—	$	18,441	$	12,613	$	5,828	$	—

December 31, 2022
Derivative financial assets	$	44,273	$	—	$	44,273	$	14,229	$	—	$	30,044
Derivative financial liabilities	$	20,251	$	—	$	20,251	$	14,229	$	6,022	$	—

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 June 30, 2023 and December 31, 2022, the Company had minimum collateral posting thresholds with certain derivative counterparties and had collateral posted of $14,113 and $23,325, 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

6 Months Ended

Jun. 30, 2023

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. For mortgage loans HFS, fair value is determined using current secondary market prices for loans with similar characteristics, that is, using Level 2 inputs. Rebooked guaranteed GNMA optional repurchase loans included in loans held for sale do not meet the requirements under FASB ASC Topic 825 to be accounted for under the fair value option and are carried at their principal balance. For commercial loans held for sale, 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
June 30, 2023	Carrying amount		Level 1		Level 2		Level 3		Total
Financial assets:
Cash and cash equivalents	$	1,160,354	$	1,160,354	$	—	$	—	$	1,160,354
Investment securities	1,422,391		—		1,422,391		—		1,422,391
Net loans held for investment	9,185,360		—		—		8,894,367		8,894,367
Loans held for sale, at fair value	78,906		—		69,639		9,267		78,906
Interest receivable	44,973		234		6,682		38,057		44,973
Mortgage servicing rights	166,433		—		—		166,433		166,433
Derivatives	47,132		—		47,132		—		47,132
Financial liabilities:
Deposits:
Without stated maturities	$	9,251,599	$	9,251,599	$	—	$	—	$	9,251,599
With stated maturities	1,620,656		—		1,611,764		—		1,611,764
Securities sold under agreements to repurchase and federal funds purchased	116,220		116,220		—		—		116,220
Federal Home Loan Bank advances	125,000		—		125,000		—		125,000
Subordinated debt, net	127,535		—		—		117,939		117,939

Interest payable	16,897		3,503		11,894		1,500		16,897
Derivatives	54,544		—		54,544		—		54,544


	Fair Value
December 31, 2022	Carrying amount		Level 1		Level 2		Level 3		Total
Financial assets:
Cash and cash equivalents	$	1,027,052	$	1,027,052	$	—	$	—	$	1,027,052
Investment securities	1,474,176		—		1,474,176		—		1,474,176
Net loans held for investment	9,164,020		—		—		9,048,943		9,048,943
Loans held for sale, at fair value	113,240		—		82,750		30,490		113,240
Interest receivable	45,684		126		6,961		38,597		45,684
Mortgage servicing rights	168,365		—		—		168,365		168,365
Derivatives	48,769		—		48,769		—		48,769
Financial liabilities:
Deposits:
Without stated maturities	$	9,433,860	$	9,433,860	$	—	$	—	$	9,433,860
With stated maturities	1,421,974		—		1,422,544		—		1,422,544
Securities sold under agreements to repurchase and federal funds purchased	86,945		86,945		—		—		86,945
Federal Home Loan Bank advances	175,000		—		175,000		—		175,000
Subordinated debt, net	126,101		—		—		118,817		118,817

Interest payable	8,648		2,571		4,559		1,518		8,648
Derivatives	63,229		—		63,229		—		63,229

The balances and levels of the assets measured at fair value on a recurring basis as of June 30, 2023 are presented in the following table:


At June 30, 2023	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	$	—	$	40,529	$	—	$	40,529
Mortgage-backed securities - residential	—		979,400		—		979,400
Mortgage-backed securities - commercial	—		17,254		—		17,254
Municipal securities	—		267,097		—		267,097
U.S. Treasury securities	—		108,221		—		108,221
Corporate securities	—		6,859		—		6,859
Equity securities, at fair value	—		3,031		—		3,031
Total securities	$	—	$	1,422,391	$	—	$	1,422,391
Loans held for sale, at fair value	$	—	$	69,639	$	9,267	$	78,906
Mortgage servicing rights	—		—		166,433		166,433
Derivatives	—		47,132		—		47,132
Financial Liabilities:
Derivatives	—		54,544		—		54,544

The balances and levels of the assets measured at fair value on a non-recurring basis as of June 30, 2023 are presented in the following table:


At June 30, 2023	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	$	—	$	—	$	582	$	582
Collateral dependent net loans held for investment:

Construction	—		—		540		540
Residential real estate:
1-4 family mortgage	$	—	$	—	$	389	$	389






Total collateral dependent loans	$	—	$	—	$	929	$	929

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


At December 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	$	—	$	40,062	$	—	$	40,062
Mortgage-backed securities - residential	—		1,034,193		—		1,034,193
Mortgage-backed securities - commercial	—		17,644		—		17,644
Municipal securities	—		264,420		—		264,420
U.S. Treasury securities	—		107,680		—		107,680
Corporate securities	—		7,187		—		7,187
Equity securities, at fair value	—		2,990		—		2,990
Total securities	$	—	$	1,474,176	$	—	$	1,474,176
Loans held for sale, at fair value	$	—	$	82,750	$	30,490	$	113,240
Mortgage servicing rights	—		—		168,365		168,365
Derivatives	—		48,769		—		48,769
Financial Liabilities:
Derivatives	—		63,229		—		63,229

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


At December 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	$	—	$	—	$	2,497	$	2,497
Collateral dependent net loans held for investment:


Residential real estate:
1-4 family mortgage	$	—	$	—	$	366	$	366

Commercial real estate:

Non-owner occupied	—		—		2,494		2,494

Total collateral dependent loans	$	—	$	—	$	2,860	$	2,860

The following tables present information as of June 30, 2023 and December 31, 2022 about significant unobservable inputs (Level 3) used in the valuation of assets measured at fair value on a nonrecurring basis:

June 30, 2023

Financial instrument

Fair Value

Valuation technique

Significant
unobservable inputs

Range of
inputs

Collateral dependent net loans
held for investment

$

929

Valuation of collateral

Discount for comparable sales

10%-35%

Other real estate owned

$

582

Appraised value of property less costs to sell

Discount for costs to sell

0%-15%

December 31, 2022

Financial instrument

Fair Value

Valuation technique

Significant
unobservable inputs

Range of
inputs

Collateral dependent loans
held for investment

$

2,860

Valuation of collateral

Discount for comparable sales

10%-35%

Other real estate owned

$

2,497

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 June 30, 2023 and December 31, 2022, total amortized cost of collateral dependent loans measured on a non-recurring basis amounted to $1,158 and $3,054, 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 appraisers 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 as of the dates presented:


	June 30,		December 31,
	2023		2022
Loans held for sale under a fair value option:
Commercial loans held for sale	$	9,267	$	30,490

Mortgage loans held for sale	69,639		82,750
Total loans held for sale, at fair value	78,906		113,240
Loans held for sale not accounted for under a fair value option:
Mortgage loans held for sale - guaranteed GNMA repurchase option	20,225		26,211
Total loans held for sale	$	99,131	$	139,451

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 $129 and $179 resulting from fair value changes of mortgage loans were recorded in income during the three and six months ended June 30, 2023, respectively, compared to net gains (losses) of $4,671 and $(12,203) during the three and six months ended June 30, 2022, 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 net change in fair value of these loans held for sale and derivatives resulted in net gains of $874 and $453 for the three and six months ended June 30, 2023, respectively, compared to net losses of $5,354 and $12,902 during the three and six months ended June 30, 2022, respectively. 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.

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.

Rebooked GNMA optional repurchase loans do not meet the requirements under FASB ASC Topic 825 to be accounted for under the fair value option. As such, these loans are excluded from the below disclosures.

Commercial loans held for sale

The Company has a portfolio of shared institutional healthcare loans that were acquired during a 2020 business combination. 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 set forth the changes in fair value associated with this portfolio for the three and six months ended June 30, 2023 and 2022:


	Three Months Ended June 30, 2023
	Principal Balance		Fair Value Discount		Fair Value
Carrying value at beginning of period	$	12,467	$	(2,957)	$	9,510
Change in fair value:
Pay-downs and pay-offs	(235)		—		(235)

Changes in valuation included in other noninterest income	—		(8)		(8)
Carrying value at end of period	$	12,232	$	(2,965)	$	9,267

	Six Months Ended June 30, 2023
	Principal Balance		Fair Value Discount		Fair Value
Carrying value at beginning of period	$	34,357	$	(3,867)	$	30,490
Change in fair value:
Pay-downs and pay-offs	(22,125)		—		(22,125)

Changes in valuation included in other noninterest income	—		902		902
Carrying value at end of period	$	12,232	$	(2,965)	$	9,267


	Three Months Ended June 30, 2022
	Principal balance		Fair Value discount		Fair Value
Carrying value at beginning of period	$	85,816	$	(7,637)	$	78,179
Change in fair value:
Pay-downs and pay-offs	(38,354)		—		(38,354)

Changes in valuation included in other noninterest income	—		(2,010)		(2,010)
Carrying value at end of period	$	47,462	$	(9,647)	$	37,815

	Six Months Ended June 30, 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	(39,300)		—		(39,300)

Changes in valuation included in other noninterest income	—		(2,184)		(2,184)
Carrying value at end of period	$	47,462	$	(9,647)	$	37,815

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 June 30, 2023 and December 31, 2022:


June 30, 2023	Aggregate fair value		Aggregate Unpaid Principal Balance		Difference
Mortgage loans held for sale measured at fair value	$	69,639	$	68,589	$	1,050


Nonaccrual commercial loans held for sale	9,267		12,232		(2,965)

December 31, 2022	Aggregate fair value		Aggregate Unpaid Principal Balance		Difference
Mortgage loans held for sale measured at fair value	$	82,750	$	81,520	$	1,230
Commercial loans held for sale measured at fair value	21,201		22,126		(925)

Nonaccrual commercial loans held for sale	9,289		12,231		(2,942)

- 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

6 Months Ended

Jun. 30, 2023

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. The Company also originates conforming residential mortgage loans through the Mortgage segment, which activities also 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. Additionally, the Banking segment includes the results of the Company's specialty lending group, which is concentrated in manufactured housing lending. 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.

During the second quarter of 2022, the Company exited the direct-to-consumer internet delivery channel, which was one of two delivery channels in the Mortgage segment. As a result of exiting this channel, the Company incurred $12,458 of restructuring expenses during the three and six months ended June 30, 2022. The repositioning of the Mortgage segment did not qualify to be reported as discontinued operations. The Company continues to originate and sell residential mortgage loans within its Mortgage segment through its traditional mortgage retail channel, retain mortgage servicing rights and continues to hold residential mortgage loans in the loan HFI portfolio.

Interest rate lock commitment volume and sales volume included in the Mortgage segment are as follows for the periods indicated:


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Interest rate lock commitment volume by delivery channel:
Direct-to-consumer	$	—	$	95,756	$	—	$	663,848
Retail	402,951		605,114		777,993		1,346,129
Total	$	402,951	$	700,870	$	777,993	$	2,009,977






Mortgage loan sales	$	330,326	$	869,688	$	662,633	$	2,154,170

The following tables provide segment financial information for the periods indicated:


Three Months Ended June 30, 2023	Banking(2)		Mortgage		Consolidated
Net interest income	$	101,543	$	—	$	101,543
Provisions for credit losses	(1,078)		—		(1,078)
Mortgage banking income	—		16,454		16,454
Change in fair value of mortgage servicing rights, net of hedging(1)	—		(4,222)		(4,222)
Other noninterest income	11,480		101		11,581
Depreciation and amortization	2,220		232		2,452
Amortization of intangibles	940		—		940

Other noninterest expense	64,493		13,407		77,900
Income (loss) before income taxes	$	46,448	$	(1,306)	$	45,142
Income tax expense					9,835
Net income applicable to FB Financial Corporation and noncontrolling interest					35,307
Net income applicable to noncontrolling interest(2)					8
Net income applicable to FB Financial Corporation					$	35,299
Total assets	$	12,302,812	$	584,583	$	12,887,395
Goodwill	242,561		—		242,561

(1) 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.

(2) Banking segment includes noncontrolling interest.


Three Months Ended June 30, 2022	Banking(3)		Mortgage		Consolidated
Net interest income	$	102,171	$	—	$	102,171
Provisions for credit losses	12,318		—		12,318
Mortgage banking income	—		23,711		23,711
Change in fair value of mortgage servicing rights, net of hedging(1)	—		(1,152)		(1,152)
Other noninterest income	10,699		(44)		10,655
Depreciation and amortization	1,731		281		2,012
Amortization of intangibles	1,194		—		1,194

Other noninterest expense(2)	56,395		37,396		93,791
Income (loss) before income taxes	$	41,232	$	(15,162)	$	26,070
Income tax expense					6,717
Net income applicable to FB Financial Corporation and noncontrolling interest					19,353
Net income applicable to noncontrolling interest(3)					8
Net income applicable to FB Financial Corporation					$	19,345
Total assets	$	11,469,762	$	724,100	$	12,193,862
Goodwill	242,561		—		242,561

(1) 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.

(2) Includes $12,458 in Mortgage restructuring expenses in the Mortgage segment related to the exit from the direct-to-consumer internet delivery channel.

(3) Banking segment includes noncontrolling interest.


Six Months Ended June 30, 2023	Banking(2)		Mortgage		Consolidated
Net interest income	$	205,203	$	—	$	205,203
Provisions for credit losses	(587)		—		(587)
Mortgage banking income	—		31,947		31,947
Change in fair value of mortgage servicing rights, net of hedging(1)	—		(7,629)		(7,629)
Other noninterest income	22,973		(129)		22,844
Depreciation and amortization	4,269		411		4,680
Amortization of intangibles	1,930		—		1,930

Other noninterest expense	129,804		25,318		155,122
Income (loss) before income taxes	$	92,760	$	(1,540)	$	91,220
Income tax expense					19,532
Net income applicable to FB Financial Corporation and noncontrolling interest					71,688
Net income applicable to noncontrolling interest(2)					8
Net income applicable to FB Financial Corporation					$	71,680
Total assets	$	12,302,812	$	584,583	$	12,887,395
Goodwill	242,561		—		242,561

(1) 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.

(2) Banking segment includes noncontrolling interest.


Six Months Ended June 30, 2022	Banking(3)		Mortgage		Consolidated
Net interest income	$	190,355	$	(2)	$	190,353
Provisions for credit losses	8,071		—		8,071
Mortgage banking income	—		52,989		52,989
Change in fair value of mortgage servicing rights, net of hedging(1)	—		(899)		(899)
Other noninterest income	22,682		(166)		22,516
Depreciation and amortization	3,441		607		4,048
Amortization of intangibles	2,438		—		2,438

Other noninterest expense(2)	113,025		66,758		179,783
Income (loss) before income taxes	$	86,062	$	(15,443)	$	70,619
Income tax expense					16,030


Net income applicable to FB Financial Corporation and noncontrolling interest					54,589
Net income applicable to noncontrolling interest(3)					8
Net income applicable to FB Financial Corporation					$	54,581
Total assets	$	11,469,762	$	724,100	$	12,193,862
Goodwill	242,561		—		242,561

(1)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.

(2)Includes $12,458 in Mortgage restructuring expenses in the Mortgage segment related to the exit from the direct-to-consumer internet delivery channel.

(3)Banking segment includes noncontrolling interest.

The Banking segment provides the 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 the Mortgage segment to the Banking segment under this warehouse line of credit is recorded as interest income to the Company's Banking segment and as interest expense to the Mortgage segment, both of which are included in the calculation of net interest income for each segment. The amount of interest paid by the Mortgage segment to the Banking segment under this warehouse line of credit was $4,319 and $8,250 for the three and six months ended June 30, 2023, respectively, and $4,850 and $10,516 for the three and six months ended June 30, 2022, 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
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-15

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
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-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-42

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-40

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//280/tableOfContent

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Section 50
-Paragraph 26
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-26

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
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-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-34

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

+ Details

Minimum Capital Requirements

6 Months Ended

Jun. 30, 2023

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 approach institutions, the Bank and Company are required to maintain minimum capital ratios as outlined in the table below. Minimum risk-based capital adequacy ratios below include a capital conservation buffer of 2.50%. As of June 30, 2023 and December 31, 2022, the Bank and Company met all capital adequacy requirements to which they are subject. Additionally, under U.S. Basel III Capital Rules, the Bank and Company opted out of including accumulated other comprehensive income in regulatory capital.

The Company elected to phase-in the impact related to adopting FASB ASU 2016-13 over the permissible five-year transition relief period and delayed the initial impact of CECL adoption plus 25% of the quarterly increases in ACL in the first two years after adoption. 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.


June 30, 2023	Actual				Minimum Capital Adequacy with Capital Buffer			To be Well-Capitalized
	Amount		Ratio			Amount		Ratio		Amount		Ratio

Total Capital (to risk-weighted assets)
FB Financial Corporation	$	1,588,399	13.9	%		$	1,198,463	10.5	%	N/A		N/A
FirstBank	1,555,006		13.6	%		1,196,301		10.5	%	$	1,139,334	10.0	%
Tier 1 Capital (to risk-weighted assets)
FB Financial Corporation	$	1,363,796	11.9	%		$	970,185	8.5	%	N/A		N/A
FirstBank	1,330,403		11.7	%		968,434		8.5	%	$	911,467	8.0	%
Tier 1 Capital (to average assets)
FB Financial Corporation	$	1,363,796	10.7	%		$	510,676	4.0	%	N/A		N/A
FirstBank	1,330,403		10.4	%		510,283		4.0	%	$	637,854	5.0	%
Common Equity Tier 1 Capital (to risk-weighted assets)
FB Financial Corporation	$	1,333,796	11.7	%		$	798,976	7.0	%	N/A		N/A
FirstBank	1,330,403		11.7	%		797,534		7.0	%	$	740,567	6.5	%


December 31, 2022	Actual				Minimum Capital Adequacy with Capital Buffer			To be Well-Capitalized
	Amount		Ratio			Amount		Ratio		Amount		Ratio

Total Capital (to risk-weighted assets)
FB Financial Corporation	$	1,528,344	13.1	%		$	1,225,161	10.5	%	N/A		N/A
FirstBank	1,506,543		12.9	%		1,222,922		10.5	%	$	1,164,688	10.0	%
Tier 1 Capital (to risk-weighted assets)
FB Financial Corporation	$	1,315,386	11.3	%		$	991,797	8.5	%	N/A		N/A
FirstBank	1,293,585		11.1	%		989,985		8.5	%	$	931,750	8.0	%
Tier 1 Capital (to average assets)
FB Financial Corporation	$	1,315,386	10.5	%		$	499,648	4.0	%	N/A		N/A
FirstBank	1,293,585		10.4	%		499,194		4.0	%	$	623,992	5.0	%
Common Equity Tier 1 Capital (to risk-weighted assets)
FB Financial Corporation	$	1,285,386	11.0	%		$	816,774	7.0	%	N/A		N/A
FirstBank	1,293,585		11.1	%		815,281		7.0	%	$	757,047	6.5	%

- 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

6 Months Ended

Jun. 30, 2023

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. Compensation cost associated with time-based vesting RSUs is recognized on a straight line basis based on the grant date fair value of the awards. 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 changes in restricted stock units for the six months ended June 30, 2023:




	Restricted Stock Units Outstanding	Weighted Average Grant Date Fair Value
Balance at beginning of period (unvested)	365,155	$	39.02
Granted	163,552	36.04
Vested	(163,129)	39.19
Forfeited	(2,188)	41.19
Balance at end of period (unvested)	363,390	$	37.59

The total fair value of restricted stock units vested and released was $1,802 and $6,393 for the three and six months ended June 30, 2023, respectively, and $2,449 and $5,846 for the three and six months ended June 30, 2022, respectively.

The compensation cost related to these grants and vesting of restricted stock units was $2,188 and $3,894 for the three and six months ended June 30, 2023, respectively, and $2,196 and $4,052 for the three and six months ended June 30, 2022, respectively. This includes amounts paid related to director grants and compensation elected to be settled in stock amounting to $272 and $447 during the three and six months ended June 30, 2023, respectively, and $148 and $314 for the three and six months ended June 30, 2022, respectively.

As of June 30, 2023, there was $11,036 of total unrecognized compensation cost related to unvested restricted stock units which is expected to be recognized over a weighted-average period of 2.26 years. Additionally, as of June 30, 2023, there were 1,534,973 shares available for issuance under the Company's stock compensation plans. As of both June 30, 2023 and December 31, 2022, there was $292 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 Company awards PSUs 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 a predefined peer group will be measured based on non-GAAP core return on average tangible common equity ratio, which is 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 performance period of the awards.

The following table summarizes information about the changes in PSUs as of and for the six months ended June 30, 2023:






	Performance Stock Units Outstanding	Weighted Average Grant Date Fair Value
Balance at beginning of period (unvested)	161,667	$	41.73
Granted	86,010	37.17
Performance adjustment (1)	51,444	36.93
Vested	(104,833)	36.93
Forfeited or expired	(1,153)	44.25
Balance at end of period (unvested)	193,135	$	40.96
(1) PSUs are presented as outstanding, granted and forfeited in the table above assuming targets are met and the awards pay out at 100%. PSU awards are settled with payouts ranging from 0% and 200% of the target award value based on the Company's performance relative to a predefined peer group over a fixed three-year performance period. The performance adjustment represents the difference in shares ultimately awarded due to performance attainment above or below target.

The following table summarizes data related to the Company's outstanding PSUs as of June 30, 2023:


Grant Year	Grant Price		Performance Period	PSUs Outstanding
2021 (1)	$	43.20	2021 to 2023	52,491
2022 (2)	$	44.44	2022 to 2024	57,190
2023 (2)	$	37.17	2023 to 2025	83,454
(1)Vesting factor will be either at 0%, 25%, 100%, or 200% of PSUs outstanding based on the Company's performance relative to a predefined peer group over a fixed three-year performance period. (2)Vesting factor will be interpolated between 0% and 200% of PSUs outstanding based on the Company's performance relative to a predefined peer group over a fixed three-year performance period.

The Company recorded compensation cost of $1,060 and $1,639 for the for the three and six months ended June 30, 2023, respectively, and $842 and $1,568 for the three and six months ended June 30, 2022, respectively. As of June 30, 2023, maximum unrecognized compensation cost at 200% payout related to the unvested PSUs was $13,323, and the weighted average remaining performance period over which the cost could be recognized was 2.3 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 no shares issued under the ESPP during the three months ended June 30, 2023 or 2022. There were 8,214 and 15,152 shares of common stock issued under the ESPP with proceeds from employee payroll withholdings of $305 and $588, during the six months ended June 30, 2023 and 2022, respectively. As of June 30, 2023, there were 2,306,532 shares available for issuance under the ESPP.

Related Party Transactions

6 Months Ended

Jun. 30, 2023

Related Party Transactions

Related party transactions:

(A) Loans:

The Bank has made and expects to continue to make loans to the directors, certain management, significant shareholders, and executive officers of the Company and their related interests 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 related interests is presented below:


Loans outstanding at January 1, 2023	$	82,559
New loans and advances	4,524
Change in related party status	(37,812)
Repayments	(1,451)
Loans outstanding at June 30, 2023	$	47,820

Unfunded commitments to certain executive officers, certain management and directors and their related interests totaled $53,589 and $31,564 at June 30, 2023 and December 31, 2022, respectively.

(B) Deposits:

The Bank held deposits from related parties totaling $298,186 and $347,660 as of June 30, 2023 and December 31, 2022, respectively.

(C) Leases:

The Bank leases various office spaces from entities owned by certain directors of the Company under varying terms. Lease expense for these properties totaled $103 and $193 for the three and six months ended June 30, 2023, respectively, and $100 and $201 for the three and six months ended June 30, 2022, respectively.

(D) Aviation lease:

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 maintains a non-exclusive aircraft lease agreement with an entity owned by one of the Company's directors. The Company recognized income of $4 and $11 during the three and six months ended June 30, 2023, respectively, and $8 and $19 during the three and six months ended June 30, 2022, respectively, under this agreement.

(E) Equity investment in preferred stock and master loan purchase agreement:

During the year ended December 31, 2022, the Company invested in preferred stock of a privately held entity of which an executive officer of the Company is on the Board of directors of the investee. This investment is included in other assets on the consolidated balance sheets with a carrying amount of $10,000 as of both June 30, 2023 and December 31, 2022, and is being accounted for as an equity security without readily determinable market value. No gains or losses have been recognized to date associated with this investment.

Concurrently, the Company also entered a separate master loan purchase agreement with the entity to purchase up to $250,000 in manufactured loan housing production over an initial five-year term. During the three and six months ended June 30, 2023, the Company purchased $6,449 of loans HFI under this agreement. As of June 30, 2023, the amortized cost of these loans HFI amounted to $6,441. There were no loans recorded under the master loan purchase agreement as of December 31, 2022.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

+ Details

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ 35,299	$ 19,345	$ 71,680	$ 54,581

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
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-Name Accounting Standards Codification
-Section S99
-Paragraph 1
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+ Details

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Jun. 30, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Basis of Presentation (Policies)

6 Months Ended

Jun. 30, 2023

Accounting Policies [Abstract]

Basis of 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 financial statements and the reported results of operations for the reporting periods and the related disclosures. Although management's estimates contemplate current conditions and how they are expected to change in the future, it is reasonably possible that actual conditions could vary from those anticipated, which could cause the Company's financial condition and results of operations to vary 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 common 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 standards:

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 one-time 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. In December 2022, the FASB issued ASU 2022-06, "Reference rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848" to extend the date to December 31, 2024 for companies to apply the relief in Topic 848. The application of this guidance has not had and is not expected to have a material impact to the consolidated financial statements or related disclosures.

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. The Company adopted the update effective January 1, 2023. The adoption of this standard did not have an impact on the consolidated financial statements or 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 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 prospectively adopted the amendment effective January 1, 2023 and updated its disclosures

beginning with the first quarter of 2023. Refer to Note 3 for further information. The adoption of this standard did not have a material impact on the Company's consolidated financial statements.

Newly issued not yet effective accounting standards:

In June 2022, the FASB issued ASU 2022-03, “Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions”. The FASB issued this update to clarify the guidance in Topic 820, Fair Value Measurement, when measuring the fair value of an equity security subject to contractual restrictions that prohibit the sale of an equity security, to amend a related illustrative example, and to introduce new disclosure requirements for equity securities subject to contractual sale restrictions that are measured at fair value in accordance with Topic 820. The ASU becomes effective January 1, 2024 and the adoption is not expected to have a significant impact on the Company's consolidated financial statements or related disclosures.

In March 2023, the FASB issued ASU 2023-01, “Leases (Topic 842): Common Control Arrangements” as part of the Post-Implementation Review process of Topic 842 around related party arrangements between entities under common control. Under previous guidance, a lessee is generally required to amortize leasehold improvements that it owns over the shorter of the useful life of those improvements or the lease term. However, due to the nature of leasehold improvements made under leases between entities under common control, ASU 2023-01 requires a lessee in a common-control arrangement to amortize such leasehold improvements that it owns over the improvements' useful life to the common control group, regardless of the lease term. The ASU becomes effective January 1, 2024 and is not expected to have a material impact on the Company's consolidated financial statements or related disclosures.

Additionally, in March 2023, the FASB issued ASU 2023-02, "Investments-Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method". The amendments in this update permit reporting entities to elect to account for tax equity investments, regardless of the tax credit program from which the income tax credits are received, using the proportional amortization method if certain conditions are met. The ASU becomes effective January 1, 2024. The adoption of this accounting pronouncement will have no impact on the Company's historical consolidated financial statements but could influence the Company's decisions with respect to investments in certain tax credits prospectively.

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 June 30, 2023, but prior to the issuance of these financial statements that would have a material impact on the Company’s consolidated financial statements.

Allowance for credit losses

Allowance for Credit Losses on Loans HFI

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 Moody's that are applicable to each 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 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.

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 Company performed evaluations within the Company's established qualitative framework, assessing the impact of the current economic outlook, including: uncertainty due to inflation, recent bank failures, negative economic forecasts, predicted Federal Reserve rate increases, and other considerations. The increase in the allowance for credit losses as of June 30, 2023 compared with December 31, 2022 is primarily a result of deterioration in economic forecasts between periods. These forecasts included weighted projections that the economy may be nearing a recession, reflected through deterioration in asset quality projected over life of the loan portfolio. As of June 30, 2023, the macroeconomic forecast was determined solely using the Moody’s baseline scenario, which showed a slightly more negative outlook than the comparative baseline as of December 31, 2022. As of December 31, 2022, the macroeconomic forecast used a weighting of two economic forecasts from Moody’s in order to align with management’s best estimate over the reasonable and supportable forecast period. The Moody’s baseline scenario was weighted the heaviest and the downside scenario received a smaller weighting. Additionally, as of June 30, 2023, loss rates on residential loans and HELOC were qualitatively adjusted downward, addressing the relative strength of asset values in the Company's predominant markets.

The Company calculates its allowance for credit losses on loans HFI using a lifetime loss rate methodology and disaggregates the loan portfolio into three pools. The following presents a summary of quantitative and qualitative factors considered as of June 30, 2023, which resulted in changes in the allowance for credit losses compared to December 31, 2022 as described below.


Pool	Source of repayment	Quantitative and Qualitative factors considered
Commercial and Industrial	Repayment is largely dependent upon the operation of the borrower's business.	Quantitative: Prepayment speeds are modeled in the form of a prepayment benchmarking that directly impacts the ACL output for all C&I loans and lines of credit. Loss rates incorporate a peer scaling factor. Qualitative: An uncertain economic outlook including the effects of inflation and the interest rate environment are driving a qualitative increase in the ACL.
Retail	Repayment is primarily dependent on the personal cash flow of the borrower.	Quantitative: Average FICO scores, remaining life of the portfolio, delinquency composition, prepayment speeds leveraging Equifax and Moody's data Qualitative: High modeled loss rates and the relatively strong housing market within the bank’s footprint are driving a qualitative decrease in the ACL.
Commercial Real Estate	Repayment is primarily dependent on lease income generated from the underlying collateral.	Quantitative: Prepayment speeds leverage a reverse-compounding formula. Loss rates incorporate a peer scaling factor. Qualitative: An uncertain economic outlook in Non-owner occupied CRE are driving a qualitative increase in the ACL.

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.

Effective January 1, 2023, the Company prospectively adopted the accounting guidance in ASU 2022-02, "Financial Instruments—Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures", which eliminates the recognition and measurement of TDRs. Upon adoption of this guidance, the Company no longer measures an allowance for credit losses for TDRs it reasonably expects will occur, and it evaluates all loan modifications according to the accounting guidance for loan refinancing and modifications to determine whether the modification should be accounted for as a new loan or a continuation of the existing loan. After adoption, the Company now derecognizes the existing loan and accounts for the modified loan as a new loan if the effective yield on the modified loan is at least equal to the effective yield for comparable loans with similar collection risks and the modifications to the original loan are more than minor. If a loan modification does not meet these conditions, it extends the existing loan’s amortized cost basis and accounts for the modified loan as a continuation of the existing loan. Substantially all of its loan modifications involving borrowers experiencing financial difficulty are accounted for as a continuation of the existing loan.Prior to January 1, 2023, 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 used the same methodology to estimate credit losses. In cases where the expected credit loss could only be captured through a discounted cash flow analysis (such as an interest rate modification for a TDR loan), the allowance was measured by the amount which the loan’s amortized cost exceeds the discounted cash flow analysis.

Loans (excluding purchased credit deteriorated loans)

Credit Quality - Commercial Type 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. For mortgage loans HFS, fair value is determined using current secondary market prices for loans with similar characteristics, that is, using Level 2 inputs. Rebooked guaranteed GNMA optional repurchase loans included in loans held for sale do not meet the requirements under FASB ASC Topic 825 to be accounted for under the fair value option and are carried at their principal balance. For commercial loans held for sale, 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 June 30, 2023 and December 31, 2022, total amortized cost of collateral dependent loans measured on a non-recurring basis amounted to $1,158 and $3,054, 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 appraisers 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
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479319/326-20-50-14

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 30
-Paragraph 5A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479391/326-20-30-5A

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 3C
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479319/326-20-50-3C

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 35
-Paragraph 8A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479366/326-20-35-8A

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 3D
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479319/326-20-50-3D

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479344/326-20-45-5

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 30
-Name Accounting Standards Codification
-Section 30
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479175/326-30-30-1B

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 3C
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479106/326-30-50-3C

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 3A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479106/326-30-50-3A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 3D
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479106/326-30-50-3D

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 30
-Name Accounting Standards Codification
-Section 35
-Paragraph 13A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479148/326-30-35-13A

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 30
-Paragraph 4A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479391/326-20-30-4A

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 30
-Name Accounting Standards Codification
-Section 35
-Paragraph 7A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479148/326-30-35-7A

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479319/326-20-50-21

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479319/326-20-50-11

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479106/326-30-50-7

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479319/326-20-50-17

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.M.Q4)
-SubTopic 20
-Topic 326
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483530/326-20-S99-1

+ Details

- Definition

Disclosure of accounting policy for financing receivable.

+ References + Details

Basis of Presentation (Tables)

6 Months Ended

Jun. 30, 2023

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 calculations for each of the periods presented:


	Three Months Ended June 30,			Six Months Ended June 30,
		2023		2022		2023		2022
Basic earnings per common share:
Net income applicable to FB Financial Corporation		$	35,299	$	19,345	$	71,680	$	54,581
Dividends paid on and undistributed earnings allocated to participating securities		—		—		—		—
Earnings available to common shareholders		$	35,299	$	19,345	$	71,680	$	54,581
Weighted average basic shares outstanding		46,779,388		47,111,055		46,729,778		47,320,784
Basic earnings per common share		$	0.75	$	0.41	$	1.53	$	1.15
Diluted earnings per common share:
Earnings available to common shareholders		$	35,299	$	19,345	$	71,680	$	54,581
Weighted average basic shares outstanding		46,779,388		47,111,055		46,729,778		47,320,784
Weighted average diluted shares contingently issuable(1)		35,466		100,595		47,825		145,507
Weighted average diluted shares outstanding		46,814,854		47,211,650		46,777,603		47,466,291
Diluted earnings per common share		$	0.75	$	0.41	$	1.53	$	1.15

(1)Excludes 315,989 and 250,074 restricted stock units outstanding considered to be antidilutive for the three and six months ended June 30, 2023 and 202,661 and 10,678 restricted stock units outstanding considered to be antidilutive for the three and six months ended June 30, 2022.

Investment securities (Tables)

6 Months Ended

Jun. 30, 2023

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 loss at June 30, 2023 and December 31, 2022:


	June 30, 2023
	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	$	45,185	$	—	$	(4,656)	$	—	$	40,529
Mortgage-backed securities - residential	1,165,901		—		(186,501)		—		979,400
Mortgage-backed securities - commercial	18,747		—		(1,493)		—		17,254
Municipal securities	294,032		387		(27,322)		—		267,097
U.S. Treasury securities	113,508		—		(5,287)		—		108,221
Corporate securities	8,000		—		(1,141)		—		6,859
Total	$	1,645,373	$	387	$	(226,400)	$	—	$	1,419,360


	December 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	$	45,167	$	—	$	(5,105)	$	—	$	40,062
Mortgage-backed securities - residential	1,224,522		—		(190,329)		—		1,034,193
Mortgage-backed securities - commercial	19,209		—		(1,565)		—		17,644
Municipal securities	295,375		458		(31,413)		—		264,420
U.S. Treasury securities	113,301		—		(5,621)		—		107,680
Corporate securities	8,000		—		(813)		—		7,187
Total	$	1,705,574	$	458	$	(234,846)	$	—	$	1,471,186

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.


	June 30,				December 31,
	2023				2022
	Available-for-sale				Available-for-sale
	Amortized cost		Fair value		Amortized cost		Fair value
Due in one year or less	$	66,285	$	64,880	$	4,277	$	4,225
Due in one to five years	106,548		98,449		161,556		152,181
Due in five to ten years	60,725		57,675		61,290		57,859
Due in over ten years	227,167		201,702		234,720		205,084
	460,725		422,706		461,843		419,349
Mortgage-backed securities - residential	1,165,901		979,400		1,224,522		1,034,193
Mortgage-backed securities - commercial	18,747		17,254		19,209		17,644
Total debt securities	$	1,645,373	$	1,419,360	$	1,705,574	$	1,471,186

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 June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Proceeds from sales	$	—	$	1,218	$	—	$	1,218
Proceeds from maturities, prepayments and calls	31,588		68,906		58,415		126,349
Gross realized gains	—		1		—		3
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 June 30, 2023 and December 31, 2022, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position:


	June 30, 2023
	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	$	956	$	(11)	$	39,573	$	(4,645)	$	40,529	$	(4,656)
Mortgage-backed securities - residential	43,118		(2,190)		936,282		(184,311)		979,400		(186,501)
Mortgage-backed securities - commercial	—		—		17,254		(1,493)		17,254		(1,493)
Municipal securities	53,700		(767)		179,210		(26,555)		232,910		(27,322)
U.S. Treasury securities	249		(1)		107,972		(5,286)		108,221		(5,287)
Corporate securities	—		—		6,859		(1,141)		6,859		(1,141)
Total	$	98,023	$	(2,969)	$	1,287,150	$	(223,431)	$	1,385,173	$	(226,400)


	December 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	$	23,791	$	(2,802)	$	16,271	$	(2,303)	$	40,062	$	(5,105)
Mortgage-backed securities - residential	316,656		(32,470)		717,537		(157,859)		1,034,193		(190,329)
Mortgage-backed securities - commercial	11,104		(968)		6,540		(597)		17,644		(1,565)
Municipal securities	196,419		(26,811)		36,726		(4,602)		233,145		(31,413)
U.S. Treasury securities	94,248		(4,122)		13,432		(1,499)		107,680		(5,621)
Corporate securities	4,008		(492)		3,179		(321)		7,187		(813)
Total	$	646,226	$	(67,665)	$	793,685	$	(167,181)	$	1,439,911	$	(234,846)

Loans and Allowance for Credit Losses on Loans HFI (Tables)

6 Months Ended

Jun. 30, 2023

Receivables [Abstract]

Schedule of Loans Outstanding by Class of Financing Receivable

Loans outstanding as of June 30, 2023 and December 31, 2022, by class of financing receivable are as follows:


	June 30,		December 31,
	2023		2022
Commercial and industrial	$	1,693,572	$	1,645,783
Construction	1,636,970		1,657,488
Residential real estate:
1-to-4 family mortgage	1,548,614		1,573,121
Residential line of credit	507,652		496,660
Multi-family mortgage	518,025		479,572
Commercial real estate:
Owner-occupied	1,158,782		1,114,580
Non-owner occupied	1,881,978		1,964,010
Consumer and other	380,431		366,998
Gross loans	9,326,024		9,298,212
Less: Allowance for credit losses on loans HFI	(140,664)		(134,192)
Net loans	$	9,185,360	$	9,164,020

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

The following tables provide the changes in the allowance for credit losses on loans HFI by class of financing receivable for the three and six months ended June 30, 2023 and 2022:


	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 June 30, 2023
Beginning balance - March 31, 2023	$	11,117	$	41,025	$	27,213	$	9,034	$	6,619	$	7,952	$	21,868	$	13,981	$	138,809
Provision for credit losses on loans HFI	192		(1,115)		185		151		209		643		1,009		1,301		2,575
Recoveries of loans previously charged-off	13		10		25		—		—		16		—		108		172
Loans charged off	(11)		—		(16)		—		—		(144)		—		(721)		(892)


Ending balance - June 30, 2023	$	11,311	$	39,920	$	27,407	$	9,185	$	6,828	$	8,467	$	22,877	$	14,669	$	140,664
Six Months Ended June 30, 2023
Beginning balance - December 31, 2022	$	11,106	$	39,808	$	26,141	$	7,494	$	6,490	$	7,783	$	21,916	$	13,454	$	134,192


Provision for credit losses on loans HFI	182		102		1,258		1,691		338		746		961		2,294		7,572
Recoveries of loans previously charged-off	80		10		40		—		—		82		—		347		559
Loans charged off	(57)		—		(32)		—		—		(144)		—		(1,426)		(1,659)


Ending balance - June 30, 2023	$	11,311	$	39,920	$	27,407	$	9,185	$	6,828	$	8,467	$	22,877	$	14,669	$	140,664


	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 June 30, 2022
Beginning balance - March 31, 2022	$	12,699	$	31,782	$	21,024	$	6,545	$	6,398	$	8,416	$	21,290	$	11,895	$	120,049
Provision for credit losses on loans HFI	(783)		6,590		383		314		105		(1,102)		1,246		1,428		8,181
Recoveries of loans previously charged-off	26		11		14		16		—		15		—		348		430
Loans charged off	(1,751)		—		(23)		—		—		—		—		(614)		(2,388)

Ending balance - June 30, 2022	$	10,191	$	38,383	$	21,398	$	6,875	$	6,503	$	7,329	$	22,536	$	13,057	$	126,272
Six Months Ended June 30, 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 on loans HFI	(4,789)		9,796		2,291		955		(473)		(5,289)		(3,232)		2,793		2,052
Recoveries of loans previously charged-off	984		11		26		17		—		25		—		565		1,628
Loans charged off	(1,755)		—		(23)		—		—		—		—		(1,189)		(2,967)


Ending balance - June 30, 2022	$	10,191	$	38,383	$	21,398	$	6,875	$	6,503	$	7,329	$	22,536	$	13,057	$	126,272

Schedule of Credit Quality of Loan Portfolio by Year of Origination

The following tables present the credit quality of the Company's commercial type loan portfolio as of June 30, 2023 and December 31, 2022 and the gross charge-offs for the six months ended June 30, 2023 by year of origination. 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.

Effective January 1, 2023, the Company adopted the accounting guidance in ASU 2022-02 which requires the presentation of gross charge-offs by year of origination. The Company prospectively adopted ASU 2022-02; therefore, prior period activity of gross charge-offs by year of origination are not included in the below tables.





As of and for the six months ended June 30, 2023	2023		2022		2021		2020		2019		Prior		Revolving Loans Amortized Cost Basis		Total
Commercial and industrial
Pass	$	121,939	$	348,068	$	174,977	$	47,672	$	78,078	$	82,735	$	787,526	$	1,640,995
Special Mention	—		3,453		329		2,016		157		1,427		20,241		27,623
Classified	481		2,666		610		1,910		1,349		5,956		11,982		24,954

Total	122,420		354,187		175,916		51,598		79,584		90,118		819,749		1,693,572

Current-period gross charge-offs	—		—		46		—		—		—		11		57
Construction
Pass	83,247		772,013		374,540		66,581		70,096		51,937		213,231		1,631,645
Special Mention	—		169		—		6		—		718		—		893
Classified	—		3,215		318		899		—		—		—		4,432

Total	83,247		775,397		374,858		67,486		70,096		52,655		213,231		1,636,970

Current-period gross charge-offs	—		—		—		—		—		—		—		—
Residential real estate:

Multi-family mortgage
Pass	19,097		139,768		150,468		119,065		33,190		41,852		13,464		516,904
Special Mention	—		—		—		—		—		—		—		—
Classified	—		—		—		—		—		1,121		—		1,121

Total	19,097		139,768		150,468		119,065		33,190		42,973		13,464		518,025


Current-period gross charge-offs	—		—		—		—		—		—		—		—
Commercial real estate:
Owner occupied
Pass	41,038		233,473		227,506		119,039		164,411		295,161		50,408		1,131,036
Special Mention	—		1,324		1,859		—		162		5,332		—		8,677
Classified	—		6,178		672		—		3,501		4,519		4,199		19,069

Total	41,038		240,975		230,037		119,039		168,074		305,012		54,607		1,158,782

Current-period gross charge-offs	—		—		144		—		—		—		—		144
Non-owner occupied
Pass	14,235		444,487		447,841		121,359		153,675		642,442		42,683		1,866,722
Special Mention	—		—		—		—		399		2,474		—		2,873
Classified	188		—		1,957		—		—		10,238		—		12,383

Total	14,423		444,487		449,798		121,359		154,074		655,154		42,683		1,881,978




Current-period gross charge-offs	—		—		—		—		—		—		—		—
Total commercial loan types
Pass	279,556		1,937,809		1,375,332		473,716		499,450		1,114,127		1,107,312		6,787,302
Special Mention	—		4,946		2,188		2,022		718		9,951		20,241		40,066
Classified	669		12,059		3,557		2,809		4,850		21,834		16,181		61,959

Total	$	280,225	$	1,954,814	$	1,381,077	$	478,547	$	505,018	$	1,145,912	$	1,143,734	$	6,889,327
Current-period gross charge-offs	$	—	$	—	$	190	$	—	$	—	$	—	$	11	$	201





As of December 31, 2022	2022		2021		2020		2019		2018		Prior		Revolving Loans Amortized Cost Basis		Total
Commercial and industrial
Pass	$	396,643	$	204,000	$	67,231	$	90,894	$	39,780	$	62,816	$	762,717	$	1,624,081
Special Mention	125		7		—		160		143		771		2,520		3,726
Classified	65		823		1,916		1,651		273		6,913		6,335		17,976

Total	396,833		204,830		69,147		92,705		40,196		70,500		771,572		1,645,783

Construction
Pass	682,885		495,723		142,233		84,599		17,360		44,326		188,906		1,656,032
Special Mention	—		—		15		—		—		707		—		722
Classified	80		309		—		—		—		345		—		734

Total	682,965		496,032		142,248		84,599		17,360		45,378		188,906		1,657,488

Residential real estate:

Multi-family mortgage
Pass	142,912		147,168		96,819		33,547		6,971		37,385		13,604		478,406
Special Mention	—		—		—		—		—		—		—		—
Classified	—		—		—		—		—		1,166		—		1,166

Total	142,912		147,168		96,819		33,547		6,971		38,551		13,604		479,572


Commercial real estate:
Owner occupied
Pass	237,862		223,883		110,748		148,405		66,101		246,414		57,220		1,090,633
Special Mention	101		683		—		168		2,225		1,258		5,000		9,435
Classified	—		1,293		224		4,589		1,276		7,018		112		14,512

Total	237,963		225,859		110,972		153,162		69,602		254,690		62,332		1,114,580

Non-owner occupied
Pass	467,360		440,319		131,497		159,205		210,752		473,607		60,908		1,943,648
Special Mention	—		—		—		—		82		2,459		—		2,541
Classified	—		2,258		—		146		3,270		12,147		—		17,821

Total	467,360		442,577		131,497		159,351		214,104		488,213		60,908		1,964,010

Total commercial loan types
Pass	1,927,662		1,511,093		548,528		516,650		340,964		864,548		1,083,355		6,792,800
Special Mention	226		690		15		328		2,450		5,195		7,520		16,424
Classified	145		4,683		2,140		6,386		4,819		27,589		6,447		52,209
Total	$	1,928,033	$	1,516,466	$	550,683	$	523,364	$	348,233	$	897,332	$	1,097,322	$	6,861,433

The following tables present the credit quality by classification (performing or nonperforming) of the Company's consumer type loan portfolio as of June 30, 2023 and December 31, 2022 and the gross charge-offs for the six months ended June 30, 2023 by year of origination. 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.

Effective January 1, 2023, the Company adopted the accounting guidance in ASU 2022-02 which requires the presentation of gross charge-offs by year of origination. The Company prospectively adopted ASU 2022-02; therefore, prior period balances for gross charge-offs by year of origination are not included below.





As of and for the six months ended June 30, 2023	2023		2022		2021		2020		2019		Prior		Revolving Loans Amortized Cost Basis		Total





Residential real estate:
1-to-4 family mortgage
Performing	$	100,265	$	531,715	$	411,194	$	152,684	$	86,026	$	248,803	$	—	$	1,530,687
Nonperforming	—		2,938		3,393		4,255		517		6,824		—		17,927
Total	100,265		534,653		414,587		156,939		86,543		255,627		—		1,548,614
Current-period gross charge-offs	—		16		—		—		—		16		—		32
Residential line of credit
Performing	—		—		—		—		—		—		506,465		506,465
Nonperforming	—		—		—		—		—		—		1,187		1,187
Total	—		—		—		—		—		—		507,652		507,652
Current-period gross charge-offs	—		—		—		—		—		—		—		—
Consumer and other
Performing	45,554		102,231		50,673		36,969		26,698		102,362		7,243		371,730
Nonperforming	—		570		1,630		1,916		1,072		3,513		—		8,701
Total	45,554		102,801		52,303		38,885		27,770		105,875		7,243		380,431
Current-period gross charge-offs	632		386		72		106		21		207		2		1,426
Total consumer type loans
Performing	145,819		633,946		461,867		189,653		112,724		351,165		513,708		2,408,882
Nonperforming	—		3,508		5,023		6,171		1,589		10,337		1,187		27,815
Total	$	145,819	$	637,454	$	466,890	$	195,824	$	114,313	$	361,502	$	514,895	$	2,436,697
Current-period gross charge-offs	$	632	$	402	$	72	$	106	$	21	$	223	$	2	$	1,458





As of December 31, 2022	2022		2021		2020		2019		2018		Prior		Revolving Loans Amortized Cost Basis		Total





Residential real estate:
1-to-4 family mortgage
Performing	$	568,210	$	448,401	$	160,715	$	93,548	$	68,113	$	211,019	$	—	$	1,550,006
Nonperforming	1,227		5,163		5,472		1,778		2,044		7,431		—		23,115
Total	569,437		453,564		166,187		95,326		70,157		218,450		—		1,573,121
Residential line of credit
Performing	—		—		—		—		—		—		495,129		495,129
Nonperforming	—		—		—		—		—		—		1,531		1,531
Total	—		—		—		—		—		—		496,660		496,660
Consumer and other
Performing	118,637		56,779		41,008		29,139		26,982		82,318		4,175		359,038
Nonperforming	166		1,396		1,460		906		1,507		2,525		—		7,960
Total	118,803		58,175		42,468		30,045		28,489		84,843		4,175		366,998
Total consumer type loans
Performing	686,847		505,180		201,723		122,687		95,095		293,337		499,304		2,404,173
Nonperforming	1,393		6,559		6,932		2,684		3,551		9,956		1,531		32,606
Total	$	688,240	$	511,739	$	208,655	$	125,371	$	98,646	$	303,293	$	500,835	$	2,436,779

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 June 30, 2023 and December 31, 2022:


June 30, 2023	30-89 days past due and accruing interest		90 days or more and accruing interest		Nonaccrual loans		Loans current on payments and accruing interest		Total
Commercial and industrial	$	822	$	—	$	2,163	$	1,690,587	$	1,693,572
Construction	2,127		111		2,649		1,632,083		1,636,970
Residential real estate:
1-to-4 family mortgage	14,302		10,261		7,666		1,516,385		1,548,614
Residential line of credit	1,407		334		853		505,058		507,652
Multi-family mortgage	—		—		37		517,988		518,025
Commercial real estate:
Owner occupied	1,316		—		5,803		1,151,663		1,158,782
Non-owner occupied	3,512		—		5,554		1,872,912		1,881,978
Consumer and other	10,133		1,541		7,160		361,597		380,431
Total	$	33,619	$	12,247	$	31,885	$	9,248,273	$	9,326,024


December 31, 2022	30-89 days past due and accruing interest		90 days or more and accruing interest		Nonaccrual loans		Loans current on payments and accruing interest		Total
Commercial and industrial	$	1,650	$	136	$	1,307	$	1,642,690	$	1,645,783
Construction	1,246		—		389		1,655,853		1,657,488
Residential real estate:
1-to-4 family mortgage	15,470		16,639		6,476		1,534,536		1,573,121
Residential line of credit	772		131		1,400		494,357		496,660
Multi-family mortgage	—		—		42		479,530		479,572
Commercial real estate:
Owner occupied	1,948		—		5,410		1,107,222		1,114,580
Non-owner occupied	102		—		5,956		1,957,952		1,964,010
Consumer and other	10,108		1,509		6,451		348,930		366,998
Total	$	31,296	$	18,415	$	27,431	$	9,221,070	$	9,298,212

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 June 30, 2023 and December 31, 2022 by class of financing receivable.



June 30, 2023	Nonaccrual with no related allowance		Nonaccrual with related allowance		Related allowance
Commercial and industrial	$	1,313	$	850	$	12
Construction	899		1,750		198
Residential real estate:
1-to-4 family mortgage	1,483		6,183		130
Residential line of credit	729		124		2
Multi-family mortgage	—		37		1
Commercial real estate:
Owner occupied	5,683		120		6
Non-owner occupied	5,509		45		1
Consumer and other	110		7,050		362
Total	$	15,726	$	16,159	$	712


December 31, 2022	Nonaccrual with no related allowance		Nonaccrual with related allowance		Related allowance

Commercial and industrial	$	790	$	517	$	10
Construction	—		389		7
Residential real estate:
1-to-4 family mortgage	2,834		3,642		78
Residential line of credit	1,134		266		4
Multi-family mortgage	1		41		1
Commercial real estate:
Owner occupied	5,200		210		1
Non-owner occupied	5,755		201		5
Consumer and other	—		6,451		327
Total	$	15,714	$	11,717	$	433

The following presents interest income recognized on nonaccrual loans for the three and six months ended June 30, 2023 and 2022:


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Commercial and industrial	$	28	$	83	$	48	$	137
Construction	46		7		52		26
Residential real estate:
1-to-4 family mortgage	70		55		149		107
Residential line of credit	27		21		51		61
Multi-family mortgage	—		2		1		2
Commercial real estate:
Owner occupied	39		63		97		88
Non-owner occupied	55		76		137		146
Consumer and other	143		54		316		69
Total	$	408	$	361	$	851	$	636

Accrued interest receivable written off as an adjustment to interest income amounted to $163 and $344 for the three and six months ended June 30, 2023, respectively, and $123 and $307 for the three and six months ended June 30, 2022, respectively.

Schedule of Financial Effect of TDRs

The following table presents the financial effect of TDRs recorded during the periods indicated:


Three Months Ended June 30, 2022	Number of loans	Pre-modification outstanding recorded investment		Post-modification outstanding recorded investment		Charge offs and specific reserves
Commercial and industrial	1	$	55	$	55	$	—




Residential real estate:

Residential line of credit	1	49		49		—


Total	2	$	104	$	104	$	—


Six Months Ended June 30, 2022	Number of loans	Pre-modification outstanding recorded investment		Post-modification outstanding recorded investment		Charge offs and specific reserves
Commercial and industrial	1	$	55	$	55	$	—




Residential real estate:
1-to-4 family mortgage	1	80		80		—
Residential line of credit	1	49		49		—

Consumer and other	1	22		22		—
Total	4	$	206	$	206	$	—

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.


	June 30, 2023
	Type of Collateral
	Real Estate		Financial Assets and Equipment		Total		Individually assessed allowance for credit loss
Commercial and industrial	$	2,027	$	11,881	$	13,908	$	—
Construction	1,499		—		1,499		60
Residential real estate:
1-to-4 family mortgage	6,583		1,172		7,755		168
Residential line of credit	729		—		729		—

Commercial real estate:
Owner occupied	5,902				5,902		—
Non-owner occupied	5,510		—		5,510		—
Consumer and other	131		—		131		—
Total	$	22,381	$	13,053	$	35,434	$	228


	December 31, 2022
	Type of Collateral
	Real Estate		Financial Assets and Equipment		Total		Individually assessed allowance for credit loss
Commercial and industrial	$	2,596	$	—	$	2,596	$	—

Residential real estate:
1-to-4 family mortgage	4,467		—		4,467		194
Residential line of credit	1,135		—		1,135		—

Commercial real estate:
Owner occupied	5,424		—		5,424		—
Non-owner occupied	5,755		—		5,755		—
Consumer and other	134		—		134		—
Total	$	19,511	$	—	$	19,511	$	194

Other Real Estate Owned (Tables)

6 Months Ended

Jun. 30, 2023

Real Estate [Abstract]

Schedule of Other Real Estate Owned

The following table summarizes the other real estate owned for the three and six months ended June 30, 2023 and 2022:


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2023		2022		2023		2022
Balance at beginning of period	$	4,085	$	9,721	$	5,794	$	9,777
Transfers from loans	358		—		593		563


Proceeds from sale of other real estate owned	(3,124)		(297)		(5,155)		(418)
Gain (loss) on sale of other real estate owned	655		(26)		742		(130)

Write-downs and partial liquidations	—		—		—		(394)

Balance at end of period	$	1,974	$	9,398	$	1,974	$	9,398

Leases (Tables)

6 Months Ended

Jun. 30, 2023

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 June 30, 2023 and December 31, 2022:


		June 30,			December 31,
	Classification	2023			2022
Right-of-use assets:
Operating leases	Operating lease right-of-use assets	$	56,560		$	60,043
Finance leases	Premises and equipment, net	1,311			1,367
Total right-of-use assets		$	57,871		$	61,410
Lease liabilities:
Operating leases	Operating lease liabilities	$	67,304		$	69,754
Finance leases	Borrowings	1,374			1,420
Total lease liabilities		$	68,678		$	71,174
Weighted average remaining lease term (in years) - operating		11.8			12.1
Weighted average remaining lease term (in years) - finance		11.9			12.4
Weighted average discount rate - operating		3.22		%	3.08		%
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				Six Months Ended
		June 30,				June 30,
	Classification	2023		2022		2023		2022
Operating lease costs:
Amortization of right-of-use asset	Occupancy and equipment	$	2,307	$	1,851	$	4,122	$	3,561
Short-term lease cost	Occupancy and equipment	143		144		264		255
Variable lease cost	Occupancy and equipment	326		293		624		549
Lease impairment	Mortgage restructuring expense	—		364		—		364
Gain on lease modifications and terminations	Occupancy and equipment	(1)		—		(73)		(18)
Finance lease costs:
Interest on lease liabilities	Interest expense on borrowings	6		6		12		15
Amortization of right-of-use asset	Occupancy and equipment	27		28		55		65

Sublease income	Occupancy and equipment	(215)		(181)		(496)		(376)
Total lease cost		$	2,593	$	2,505	$	4,508	$	4,415

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 lease liabilities as of June 30, 2023 is as follows:


	Operating		Finance
	Leases		Lease
Lease payments due:
June 30, 2024	$	5,017	$	59
June 30, 2025	7,959		120
June 30, 2026	7,876		121
June 30, 2027	7,753		123
June 30, 2028	7,390		125
Thereafter	45,689		977
Total undiscounted future minimum lease payments	81,684		1,525
Less: imputed interest	(14,380)		(151)
Lease liabilities	$	67,304	$	1,374

Schedule of Maturity of Finance Lease Liabilities

A maturity analysis of operating and finance lease liabilities and a reconciliation of undiscounted cash flows to lease liabilities as of June 30, 2023 is as follows:


	Operating		Finance
	Leases		Lease
Lease payments due:
June 30, 2024	$	5,017	$	59
June 30, 2025	7,959		120
June 30, 2026	7,876		121
June 30, 2027	7,753		123
June 30, 2028	7,390		125
Thereafter	45,689		977
Total undiscounted future minimum lease payments	81,684		1,525
Less: imputed interest	(14,380)		(151)
Lease liabilities	$	67,304	$	1,374

Mortgage Servicing Rights (Tables)

6 Months Ended

Jun. 30, 2023

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 and six months ended June 30, 2023 and 2022:


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022


Carrying value at beginning of period	$	164,879	$	144,675	$	168,365	$	115,512
Capitalization	2,273		5,258		4,061		15,070





Change in fair value:
Due to pay-offs/pay-downs	(3,269)		(5,024)		(5,789)		(9,495)
Due to change in valuation inputs or assumptions	2,550		13,769		(204)		37,591
Carrying value at end of period	$	166,433	$	158,678	$	166,433	$	158,678

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 and six months ended June 30, 2023 and 2022:


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Servicing income:
Servicing income	$	7,586	$	7,966	$	15,354	$	15,395
Change in fair value of mortgage servicing rights	(719)		8,745		(5,993)		28,096
Change in fair value of derivative hedging instruments	(3,503)		(9,897)		(1,636)		(28,995)
Servicing income	3,364		6,814		7,725		14,496
Servicing expenses	2,331		3,377		4,214		5,925
Net servicing income	$	1,033	$	3,437	$	3,511	$	8,571

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 June 30, 2023 and December 31, 2022 are as follows:


	June 30,			December 31,
	2023			2022
Unpaid principal balance of mortgage loans sold and serviced for others	$	10,961,516		$	11,086,582
Weighted-average prepayment speed (CPR)	5.89		%	5.55		%
Estimated impact on fair value of a 10% increase	$	(4,659)		$	(4,886)
Estimated impact on fair value of a 20% increase	$	(9,012)		$	(9,447)


Discount rate	9.15		%	9.10		%
Estimated impact on fair value of a 100 bp increase	$	(7,801)		$	(8,087)
Estimated impact on fair value of a 200 bp increase	$	(14,933)		$	(15,475)


Weighted-average coupon interest rate	3.40		%	3.31		%
Weighted-average servicing fee (basis points)	27			27
Weighted-average remaining maturity (in months)	333			332

Income Taxes (Tables)

6 Months Ended

Jun. 30, 2023

Income Tax Disclosure [Abstract]

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 income taxes for the three and six months ended June 30, 2023 and 2022:


	Three Months Ended June 30,								Six Months Ended June 30,
	2023				2022				2023				2022
Federal taxes calculated at statutory rate	$	9,480	21.0	%	$	5,475	21.0	%	$	19,156	21.0	%	$	14,830	21.0	%
Increase (decrease) resulting from:
State taxes, net of federal benefit	647		1.4	%	1,582		6.1	%	898		1.0	%	2,533		3.6	%


Expense (benefit) from equity based compensation	69		0.2	%	(15)		(0.1)	%	184		0.2	%	(306)		(0.4)	%
Municipal interest income, net of interest disallowance	(451)		(1.0)	%	(444)		(1.7)	%	(907)		(1.0)	%	(888)		(1.3)	%
Bank-owned life insurance	(79)		(0.2)	%	(79)		(0.3)	%	(206)		(0.2)	%	(153)		(0.2)	%


Section 162(m) limitation	103		0.2	%	40		0.2	%	230		0.2	%	162		0.1	%
Other	66		0.2	%	158		0.6	%	177		0.2	%	(148)		(0.1)	%
Income tax expense, as reported	$	9,835	21.8	%	$	6,717	25.8	%	$	19,532	21.4	%	$	16,030	22.7	%

Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2023

Commitments and Contingencies Disclosure [Abstract]

Schedule of Financial Instruments with Off-Balance Sheet Credit Risk


	June 30,		December 31,
	2023		2022
Commitments to extend credit, excluding interest rate lock commitments	$	3,187,583	$	3,563,982
Letters of credit	63,814		71,250
Balance at end of period	$	3,251,397	$	3,635,232

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:


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Balance at beginning of period	$	18,463	$	16,262	$	22,969	$	14,380


Provision for credit losses on unfunded commitments	(3,653)		4,137		(8,159)		6,019
Balance at end of period	$	14,810	$	20,399	$	14,810	$	20,399

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 June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Balance at beginning of period	$	1,358	$	4,317	$	1,621	$	4,802
Provision for loan repurchases or indemnifications	(200)		(800)		(450)		(1,189)

Losses on loans repurchased or indemnified	(29)		(72)		(42)		(168)
Balance at end of period	$	1,129	$	3,445	$	1,129	$	3,445

Derivatives (Tables)

6 Months Ended

Jun. 30, 2023

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:


	June 30, 2023
	Notional Amount		Asset		Liability

Interest rate contracts	$	789,547	$	43,238	$	43,039
Forward commitments	314,500		820		—
Interest rate-lock commitments	135,374		1,611		—
Futures contracts	328,500		452		—

Total	$	1,567,921	$	46,121	$	43,039


	December 31, 2022
	Notional Amount		Asset		Liability

Interest rate contracts	$	560,310	$	45,775	$	45,762
Forward commitments	207,000		306		—
Interest rate-lock commitments	118,313		1,433		—
Futures contracts	494,300		—		3,790

Total	$	1,379,923	$	47,514	$	49,552

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

June 30, 2023

December 31, 2022

Notional Amount

Estimated fair value

Balance sheet location

Estimated fair value

Balance sheet location

Interest rate swap agreements-
subordinated debt

$

30,000

$

1,011

Other assets

$

1,255

Other assets


				June 30, 2023				December 31, 2022
	Remaining Maturity (In Years)	Receive Fixed Rate	Pay Floating Rate	Notional Amount		Estimated fair value		Notional Amount		Estimated fair value
Derivatives included in other liabilities:
Interest rate swap agreement- fixed rate money market deposits	1.14	1.50%	SOFR	75,000		(3,343)		75,000		(3,693)
Interest rate swap agreement- fixed rate money market deposits	1.14	1.50%	SOFR	125,000		(5,572)		125,000		(6,154)
Interest rate swap agreement- subordinated debt	0.67	1.46%	SOFR	$	100,000	$	(2,590)	$	100,000	$	(3,830)
Total	0.98	1.48%		$	300,000	$	(11,505)	$	300,000	$	(13,677)

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

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


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Included in mortgage banking income:
Interest rate lock commitments	$	(1,028)	$	2,007	$	179	$	(3,439)
Forward commitments	1,031		14,432		736		52,335
Futures contracts	(2,521)		(9,165)		(584)		(25,700)
Option contracts	(461)		—		(1,125)		36
Total	$	(2,979)	$	7,274	$	(794)	$	23,232

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


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022

Amount of gain (loss) recognized in other comprehensive (loss) income, net of tax expense (benefit) of $6, $99, $(64) and $372	$	17	$	283	$	(180)	$	1,057

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The following discloses the amount of (expense) income included in interest expense on borrowings and deposits, related to these fair value hedging instruments:


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Designated fair value hedge:
Interest (expense) income on deposits	$	(1,769)	$	395	$	(3,277)	$	708
Interest (expense) income on borrowings	(894)		186		(1,654)		348
Total	$	(2,663)	$	581	$	(4,931)	$	1,056

Schedule of Derivative Liabilities at Fair Value

The following amounts were recorded on the balance sheet related to cumulative adjustments of fair value hedges as of the dates presented:



	Carrying Amount of the Hedged Item					Cumulative Decrease in Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Item
Line item on the balance sheet	June 30, 2023		December 31, 2022			June 30, 2023		December 31, 2022
Money market and savings deposits	195,589		196,520		(1)	(8,915)		(9,847)
Borrowings	$	96,605	$	95,171	(2)	$	(2,590)	$	(3,830)

(1) The carrying value also includes an unaccreted purchase accounting fair value premium of $4,504 and $6,367 as of June 30, 2023 and December 31, 2022, respectively.

(2) The carrying value also includes unamortized subordinated debt issuance costs of $805 and $999 as of June 30, 2023 and December 31, 2022, respectively.

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:













							Gross amounts not offset in the consolidated balance sheets
	Gross amounts recognized		Gross amounts offset in the consolidated balance sheets		Net amounts presented in the consolidated balance sheets		Financial instruments		Financial collateral pledged		Net Amount
June 30, 2023
Derivative financial assets	$	44,150	$	—	$	44,150	$	12,613	$	—	$	31,537
Derivative financial liabilities	$	18,441	$	—	$	18,441	$	12,613	$	5,828	$	—

December 31, 2022
Derivative financial assets	$	44,273	$	—	$	44,273	$	14,229	$	—	$	30,044
Derivative financial liabilities	$	20,251	$	—	$	20,251	$	14,229	$	6,022	$	—

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:













							Gross amounts not offset in the consolidated balance sheets
	Gross amounts recognized		Gross amounts offset in the consolidated balance sheets		Net amounts presented in the consolidated balance sheets		Financial instruments		Financial collateral pledged		Net Amount
June 30, 2023
Derivative financial assets	$	44,150	$	—	$	44,150	$	12,613	$	—	$	31,537
Derivative financial liabilities	$	18,441	$	—	$	18,441	$	12,613	$	5,828	$	—

December 31, 2022
Derivative financial assets	$	44,273	$	—	$	44,273	$	14,229	$	—	$	30,044
Derivative financial liabilities	$	20,251	$	—	$	20,251	$	14,229	$	6,022	$	—

- 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 + Details

Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2023

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
June 30, 2023	Carrying amount		Level 1		Level 2		Level 3		Total
Financial assets:
Cash and cash equivalents	$	1,160,354	$	1,160,354	$	—	$	—	$	1,160,354
Investment securities	1,422,391		—		1,422,391		—		1,422,391
Net loans held for investment	9,185,360		—		—		8,894,367		8,894,367
Loans held for sale, at fair value	78,906		—		69,639		9,267		78,906
Interest receivable	44,973		234		6,682		38,057		44,973
Mortgage servicing rights	166,433		—		—		166,433		166,433
Derivatives	47,132		—		47,132		—		47,132
Financial liabilities:
Deposits:
Without stated maturities	$	9,251,599	$	9,251,599	$	—	$	—	$	9,251,599
With stated maturities	1,620,656		—		1,611,764		—		1,611,764
Securities sold under agreements to repurchase and federal funds purchased	116,220		116,220		—		—		116,220
Federal Home Loan Bank advances	125,000		—		125,000		—		125,000
Subordinated debt, net	127,535		—		—		117,939		117,939

Interest payable	16,897		3,503		11,894		1,500		16,897
Derivatives	54,544		—		54,544		—		54,544


	Fair Value
December 31, 2022	Carrying amount		Level 1		Level 2		Level 3		Total
Financial assets:
Cash and cash equivalents	$	1,027,052	$	1,027,052	$	—	$	—	$	1,027,052
Investment securities	1,474,176		—		1,474,176		—		1,474,176
Net loans held for investment	9,164,020		—		—		9,048,943		9,048,943
Loans held for sale, at fair value	113,240		—		82,750		30,490		113,240
Interest receivable	45,684		126		6,961		38,597		45,684
Mortgage servicing rights	168,365		—		—		168,365		168,365
Derivatives	48,769		—		48,769		—		48,769
Financial liabilities:
Deposits:
Without stated maturities	$	9,433,860	$	9,433,860	$	—	$	—	$	9,433,860
With stated maturities	1,421,974		—		1,422,544		—		1,422,544
Securities sold under agreements to repurchase and federal funds purchased	86,945		86,945		—		—		86,945
Federal Home Loan Bank advances	175,000		—		175,000		—		175,000
Subordinated debt, net	126,101		—		—		118,817		118,817

Interest payable	8,648		2,571		4,559		1,518		8,648
Derivatives	63,229		—		63,229		—		63,229

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 as of June 30, 2023 are presented in the following table:


At June 30, 2023	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	$	—	$	40,529	$	—	$	40,529
Mortgage-backed securities - residential	—		979,400		—		979,400
Mortgage-backed securities - commercial	—		17,254		—		17,254
Municipal securities	—		267,097		—		267,097
U.S. Treasury securities	—		108,221		—		108,221
Corporate securities	—		6,859		—		6,859
Equity securities, at fair value	—		3,031		—		3,031
Total securities	$	—	$	1,422,391	$	—	$	1,422,391
Loans held for sale, at fair value	$	—	$	69,639	$	9,267	$	78,906
Mortgage servicing rights	—		—		166,433		166,433
Derivatives	—		47,132		—		47,132
Financial Liabilities:
Derivatives	—		54,544		—		54,544

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


At December 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	$	—	$	40,062	$	—	$	40,062
Mortgage-backed securities - residential	—		1,034,193		—		1,034,193
Mortgage-backed securities - commercial	—		17,644		—		17,644
Municipal securities	—		264,420		—		264,420
U.S. Treasury securities	—		107,680		—		107,680
Corporate securities	—		7,187		—		7,187
Equity securities, at fair value	—		2,990		—		2,990
Total securities	$	—	$	1,474,176	$	—	$	1,474,176
Loans held for sale, at fair value	$	—	$	82,750	$	30,490	$	113,240
Mortgage servicing rights	—		—		168,365		168,365
Derivatives	—		48,769		—		48,769
Financial Liabilities:
Derivatives	—		63,229		—		63,229

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 as of June 30, 2023 are presented in the following table:


At June 30, 2023	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	$	—	$	—	$	582	$	582
Collateral dependent net loans held for investment:

Construction	—		—		540		540
Residential real estate:
1-4 family mortgage	$	—	$	—	$	389	$	389






Total collateral dependent loans	$	—	$	—	$	929	$	929

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


At December 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	$	—	$	—	$	2,497	$	2,497
Collateral dependent net loans held for investment:


Residential real estate:
1-4 family mortgage	$	—	$	—	$	366	$	366

Commercial real estate:

Non-owner occupied	—		—		2,494		2,494

Total collateral dependent loans	$	—	$	—	$	2,860	$	2,860

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 June 30, 2023 and December 31, 2022 about significant unobservable inputs (Level 3) used in the valuation of assets measured at fair value on a nonrecurring basis:

June 30, 2023

Financial instrument

Fair Value

Valuation technique

Significant
unobservable inputs

Range of
inputs

Collateral dependent net loans
held for investment

$

929

Valuation of collateral

Discount for comparable sales

10%-35%

Other real estate owned

$

582

Appraised value of property less costs to sell

Discount for costs to sell

0%-15%

December 31, 2022

Financial instrument

Fair Value

Valuation technique

Significant
unobservable inputs

Range of
inputs

Collateral dependent loans
held for investment

$

2,860

Valuation of collateral

Discount for comparable sales

10%-35%

Other real estate owned

$

2,497

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 as of the dates presented:


	June 30,		December 31,
	2023		2022
Loans held for sale under a fair value option:
Commercial loans held for sale	$	9,267	$	30,490

Mortgage loans held for sale	69,639		82,750
Total loans held for sale, at fair value	78,906		113,240
Loans held for sale not accounted for under a fair value option:
Mortgage loans held for sale - guaranteed GNMA repurchase option	20,225		26,211
Total loans held for sale	$	99,131	$	139,451

Schedule of Changes in Associated with Commercial Loans Held For Sale

The following tables set forth the changes in fair value associated with this portfolio for the three and six months ended June 30, 2023 and 2022:


	Three Months Ended June 30, 2023
	Principal Balance		Fair Value Discount		Fair Value
Carrying value at beginning of period	$	12,467	$	(2,957)	$	9,510
Change in fair value:
Pay-downs and pay-offs	(235)		—		(235)

Changes in valuation included in other noninterest income	—		(8)		(8)
Carrying value at end of period	$	12,232	$	(2,965)	$	9,267

	Six Months Ended June 30, 2023
	Principal Balance		Fair Value Discount		Fair Value
Carrying value at beginning of period	$	34,357	$	(3,867)	$	30,490
Change in fair value:
Pay-downs and pay-offs	(22,125)		—		(22,125)

Changes in valuation included in other noninterest income	—		902		902
Carrying value at end of period	$	12,232	$	(2,965)	$	9,267


	Three Months Ended June 30, 2022
	Principal balance		Fair Value discount		Fair Value
Carrying value at beginning of period	$	85,816	$	(7,637)	$	78,179
Change in fair value:
Pay-downs and pay-offs	(38,354)		—		(38,354)

Changes in valuation included in other noninterest income	—		(2,010)		(2,010)
Carrying value at end of period	$	47,462	$	(9,647)	$	37,815

	Six Months Ended June 30, 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	(39,300)		—		(39,300)

Changes in valuation included in other noninterest income	—		(2,184)		(2,184)
Carrying value at end of period	$	47,462	$	(9,647)	$	37,815

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 June 30, 2023 and December 31, 2022:


June 30, 2023	Aggregate fair value		Aggregate Unpaid Principal Balance		Difference
Mortgage loans held for sale measured at fair value	$	69,639	$	68,589	$	1,050


Nonaccrual commercial loans held for sale	9,267		12,232		(2,965)

December 31, 2022	Aggregate fair value		Aggregate Unpaid Principal Balance		Difference
Mortgage loans held for sale measured at fair value	$	82,750	$	81,520	$	1,230
Commercial loans held for sale measured at fair value	21,201		22,126		(925)

Nonaccrual commercial loans held for sale	9,289		12,231		(2,942)

Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Schedule of Direct-to-Consumer Channel Volume

Interest rate lock commitment volume and sales volume included in the Mortgage segment are as follows for the periods indicated:


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Interest rate lock commitment volume by delivery channel:
Direct-to-consumer	$	—	$	95,756	$	—	$	663,848
Retail	402,951		605,114		777,993		1,346,129
Total	$	402,951	$	700,870	$	777,993	$	2,009,977






Mortgage loan sales	$	330,326	$	869,688	$	662,633	$	2,154,170

Schedule of Segment Financial Information

The following tables provide segment financial information for the periods indicated:


Three Months Ended June 30, 2023	Banking(2)		Mortgage		Consolidated
Net interest income	$	101,543	$	—	$	101,543
Provisions for credit losses	(1,078)		—		(1,078)
Mortgage banking income	—		16,454		16,454
Change in fair value of mortgage servicing rights, net of hedging(1)	—		(4,222)		(4,222)
Other noninterest income	11,480		101		11,581
Depreciation and amortization	2,220		232		2,452
Amortization of intangibles	940		—		940

Other noninterest expense	64,493		13,407		77,900
Income (loss) before income taxes	$	46,448	$	(1,306)	$	45,142
Income tax expense					9,835
Net income applicable to FB Financial Corporation and noncontrolling interest					35,307
Net income applicable to noncontrolling interest(2)					8
Net income applicable to FB Financial Corporation					$	35,299
Total assets	$	12,302,812	$	584,583	$	12,887,395
Goodwill	242,561		—		242,561

(1) 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.

(2) Banking segment includes noncontrolling interest.


Three Months Ended June 30, 2022	Banking(3)		Mortgage		Consolidated
Net interest income	$	102,171	$	—	$	102,171
Provisions for credit losses	12,318		—		12,318
Mortgage banking income	—		23,711		23,711
Change in fair value of mortgage servicing rights, net of hedging(1)	—		(1,152)		(1,152)
Other noninterest income	10,699		(44)		10,655
Depreciation and amortization	1,731		281		2,012
Amortization of intangibles	1,194		—		1,194

Other noninterest expense(2)	56,395		37,396		93,791
Income (loss) before income taxes	$	41,232	$	(15,162)	$	26,070
Income tax expense					6,717
Net income applicable to FB Financial Corporation and noncontrolling interest					19,353
Net income applicable to noncontrolling interest(3)					8
Net income applicable to FB Financial Corporation					$	19,345
Total assets	$	11,469,762	$	724,100	$	12,193,862
Goodwill	242,561		—		242,561

(1) 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.

(2) Includes $12,458 in Mortgage restructuring expenses in the Mortgage segment related to the exit from the direct-to-consumer internet delivery channel.

(3) Banking segment includes noncontrolling interest.


Six Months Ended June 30, 2023	Banking(2)		Mortgage		Consolidated
Net interest income	$	205,203	$	—	$	205,203
Provisions for credit losses	(587)		—		(587)
Mortgage banking income	—		31,947		31,947
Change in fair value of mortgage servicing rights, net of hedging(1)	—		(7,629)		(7,629)
Other noninterest income	22,973		(129)		22,844
Depreciation and amortization	4,269		411		4,680
Amortization of intangibles	1,930		—		1,930

Other noninterest expense	129,804		25,318		155,122
Income (loss) before income taxes	$	92,760	$	(1,540)	$	91,220
Income tax expense					19,532
Net income applicable to FB Financial Corporation and noncontrolling interest					71,688
Net income applicable to noncontrolling interest(2)					8
Net income applicable to FB Financial Corporation					$	71,680
Total assets	$	12,302,812	$	584,583	$	12,887,395
Goodwill	242,561		—		242,561

(1) 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.

(2) Banking segment includes noncontrolling interest.


Six Months Ended June 30, 2022	Banking(3)		Mortgage		Consolidated
Net interest income	$	190,355	$	(2)	$	190,353
Provisions for credit losses	8,071		—		8,071
Mortgage banking income	—		52,989		52,989
Change in fair value of mortgage servicing rights, net of hedging(1)	—		(899)		(899)
Other noninterest income	22,682		(166)		22,516
Depreciation and amortization	3,441		607		4,048
Amortization of intangibles	2,438		—		2,438

Other noninterest expense(2)	113,025		66,758		179,783
Income (loss) before income taxes	$	86,062	$	(15,443)	$	70,619
Income tax expense					16,030


Net income applicable to FB Financial Corporation and noncontrolling interest					54,589
Net income applicable to noncontrolling interest(3)					8
Net income applicable to FB Financial Corporation					$	54,581
Total assets	$	11,469,762	$	724,100	$	12,193,862
Goodwill	242,561		—		242,561

(1)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.

(2)Includes $12,458 in Mortgage restructuring expenses in the Mortgage segment related to the exit from the direct-to-consumer internet delivery channel.

(3)Banking segment includes noncontrolling interest.

Minimum Capital Requirements (Tables)

6 Months Ended

Jun. 30, 2023

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.


June 30, 2023	Actual				Minimum Capital Adequacy with Capital Buffer			To be Well-Capitalized
	Amount		Ratio			Amount		Ratio		Amount		Ratio

Total Capital (to risk-weighted assets)
FB Financial Corporation	$	1,588,399	13.9	%		$	1,198,463	10.5	%	N/A		N/A
FirstBank	1,555,006		13.6	%		1,196,301		10.5	%	$	1,139,334	10.0	%
Tier 1 Capital (to risk-weighted assets)
FB Financial Corporation	$	1,363,796	11.9	%		$	970,185	8.5	%	N/A		N/A
FirstBank	1,330,403		11.7	%		968,434		8.5	%	$	911,467	8.0	%
Tier 1 Capital (to average assets)
FB Financial Corporation	$	1,363,796	10.7	%		$	510,676	4.0	%	N/A		N/A
FirstBank	1,330,403		10.4	%		510,283		4.0	%	$	637,854	5.0	%
Common Equity Tier 1 Capital (to risk-weighted assets)
FB Financial Corporation	$	1,333,796	11.7	%		$	798,976	7.0	%	N/A		N/A
FirstBank	1,330,403		11.7	%		797,534		7.0	%	$	740,567	6.5	%


December 31, 2022	Actual				Minimum Capital Adequacy with Capital Buffer			To be Well-Capitalized
	Amount		Ratio			Amount		Ratio		Amount		Ratio

Total Capital (to risk-weighted assets)
FB Financial Corporation	$	1,528,344	13.1	%		$	1,225,161	10.5	%	N/A		N/A
FirstBank	1,506,543		12.9	%		1,222,922		10.5	%	$	1,164,688	10.0	%
Tier 1 Capital (to risk-weighted assets)
FB Financial Corporation	$	1,315,386	11.3	%		$	991,797	8.5	%	N/A		N/A
FirstBank	1,293,585		11.1	%		989,985		8.5	%	$	931,750	8.0	%
Tier 1 Capital (to average assets)
FB Financial Corporation	$	1,315,386	10.5	%		$	499,648	4.0	%	N/A		N/A
FirstBank	1,293,585		10.4	%		499,194		4.0	%	$	623,992	5.0	%
Common Equity Tier 1 Capital (to risk-weighted assets)
FB Financial Corporation	$	1,285,386	11.0	%		$	816,774	7.0	%	N/A		N/A
FirstBank	1,293,585		11.1	%		815,281		7.0	%	$	757,047	6.5	%

Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2023

Share-Based Payment Arrangement [Abstract]

Schedule of Changes in Restricted Stock Units

The following table summarizes changes in restricted stock units for the six months ended June 30, 2023:




	Restricted Stock Units Outstanding	Weighted Average Grant Date Fair Value
Balance at beginning of period (unvested)	365,155	$	39.02
Granted	163,552	36.04
Vested	(163,129)	39.19
Forfeited	(2,188)	41.19
Balance at end of period (unvested)	363,390	$	37.59

Schedule of Changes in Performance Stock Units

The following table summarizes information about the changes in PSUs as of and for the six months ended June 30, 2023:






	Performance Stock Units Outstanding	Weighted Average Grant Date Fair Value
Balance at beginning of period (unvested)	161,667	$	41.73
Granted	86,010	37.17
Performance adjustment (1)	51,444	36.93
Vested	(104,833)	36.93
Forfeited or expired	(1,153)	44.25
Balance at end of period (unvested)	193,135	$	40.96
(1) PSUs are presented as outstanding, granted and forfeited in the table above assuming targets are met and the awards pay out at 100%. PSU awards are settled with payouts ranging from 0% and 200% of the target award value based on the Company's performance relative to a predefined peer group over a fixed three-year performance period. The performance adjustment represents the difference in shares ultimately awarded due to performance attainment above or below target.

Share-Based Payment Arrangement, Performance Shares, Activity

The following table summarizes data related to the Company's outstanding PSUs as of June 30, 2023:


Grant Year	Grant Price		Performance Period	PSUs Outstanding
2021 (1)	$	43.20	2021 to 2023	52,491
2022 (2)	$	44.44	2022 to 2024	57,190
2023 (2)	$	37.17	2023 to 2025	83,454
(1)Vesting factor will be either at 0%, 25%, 100%, or 200% of PSUs outstanding based on the Company's performance relative to a predefined peer group over a fixed three-year performance period. (2)Vesting factor will be interpolated between 0% and 200% of PSUs outstanding based on the Company's performance relative to a predefined peer group over a fixed three-year performance period.

Related Party Transactions (Tables)

6 Months Ended

Jun. 30, 2023

Schedule of Loans Analysis to Executive Officers, Certain Management, Bank Directors and Related Interests

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


Loans outstanding at January 1, 2023	$	82,559
New loans and advances	4,524
Change in related party status	(37,812)
Repayments	(1,451)
Loans outstanding at June 30, 2023	$	47,820

Basis of Presentation - Narrative (Details)	Jun. 30, 2023 branch
Accounting Policies [Abstract]
Number of full-service branches	82

Basis of Presentation - Basic and Diluted Earnings Per Common Share Calculation (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Basic earnings per common share:
Net income applicable to FB Financial Corporation	$ 35,299	$ 19,345	$ 71,680	$ 54,581
Dividends paid on and undistributed earnings allocated to participating securities	0	0	0	0
Earnings available to common shareholders	$ 35,299	$ 19,345	$ 71,680	$ 54,581
Weighted average basic shares outstanding (in shares)	46,779,388	47,111,055	46,729,778	47,320,784
Basic earnings (loss) per common share (in dollars per share)	$ 0.75	$ 0.41	$ 1.53	$ 1.15
Diluted earnings per common share:
Earnings available to common shareholders	$ 35,299	$ 19,345	$ 71,680	$ 54,581
Weighted average basic shares outstanding (in shares)	46,779,388	47,111,055	46,729,778	47,320,784
Weighted average diluted shares contingently issuable (in shares)	35,466	100,595	47,825	145,507
Weighted average diluted shares outstanding (in shares)	46,814,854	47,211,650	46,777,603	47,466,291
Diluted (loss) earnings per common share (in dollars per share)	$ 0.75	$ 0.41	$ 1.53	$ 1.15
Restricted Stock Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Restricted stock units outstanding considered to be antidilutive (in shares)	315,989	202,661	250,074	10,678

Investment Securities - Summary of Amortized Cost and Fair Value of Securities (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Debt Securities, Available-for-sale [Abstract]
Total debt securities	$ 1,645,373,000	$ 1,705,574,000
Gross unrealized gains	387,000	458,000
Gross unrealized losses	(226,400,000)	(234,846,000)
Allowance for credit losses for investments	0	0
Fair Value	1,419,360,000	1,471,186,000
U.S. government agency securities
Debt Securities, Available-for-sale [Abstract]
Total debt securities	45,185,000	45,167,000
Gross unrealized gains	0	0
Gross unrealized losses	(4,656,000)	(5,105,000)
Allowance for credit losses for investments	0	0
Fair Value	40,529,000	40,062,000
Mortgage-backed securities - residential
Debt Securities, Available-for-sale [Abstract]
Total debt securities	1,165,901,000	1,224,522,000
Gross unrealized gains	0	0
Gross unrealized losses	(186,501,000)	(190,329,000)
Allowance for credit losses for investments	0	0
Fair Value	979,400,000	1,034,193,000
Mortgage-backed securities - commercial
Debt Securities, Available-for-sale [Abstract]
Total debt securities	18,747,000	19,209,000
Gross unrealized gains	0	0
Gross unrealized losses	(1,493,000)	(1,565,000)
Allowance for credit losses for investments	0	0
Fair Value	17,254,000	17,644,000
Municipal securities
Debt Securities, Available-for-sale [Abstract]
Total debt securities	294,032,000	295,375,000
Gross unrealized gains	387,000	458,000
Gross unrealized losses	(27,322,000)	(31,413,000)
Allowance for credit losses for investments	0	0
Fair Value	267,097,000	264,420,000
U.S. Treasury securities
Debt Securities, Available-for-sale [Abstract]
Total debt securities	113,508,000	113,301,000
Gross unrealized gains	0	0
Gross unrealized losses	(5,287,000)	(5,621,000)
Allowance for credit losses for investments	0	0
Fair Value	108,221,000	107,680,000
Corporate securities
Debt Securities, Available-for-sale [Abstract]
Total debt securities	8,000,000	8,000,000
Gross unrealized gains	0	0
Gross unrealized losses	(1,141,000)	(813,000)
Allowance for credit losses for investments	0	0
Fair Value	$ 6,859,000	$ 7,187,000

Investment Securities - Narrative (Details)	3 Months Ended		6 Months Ended
Investment Securities - Narrative (Details)	Jun. 30, 2023 USD ($) security	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($) security	Jun. 30, 2022 USD ($)	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($) security	Mar. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Debt and Equity Securities, FV-NI [Line Items]
Accrued interest receivable	$ 44,973,000		$ 44,973,000			$ 45,684,000
Trade date payable - securities	0		0			0
Allowance for credit losses for investments	$ 0		$ 0			$ 0
Number of securities in securities portfolio \| security	505		505			503
Number of securities in securities portfolio, unrealized loss position \| security	452		452			454
Unrealized loss position	$ (1,385,173,000)		$ (1,385,173,000)			$ (1,439,911,000)
Marketable securities at fair value	3,031,000		3,031,000			2,990,000
Equity securities without readily determinable market value	23,896,000		23,896,000			22,496,000
Federal Home Loan Bank stock, at cost	40,266,000		40,266,000			58,641,000
Net (loss) gain on change in fair value and sale of equity securities	(28,000)	$ (110,000)	41,000	$ (264,000)
Collateral Pledged
Debt and Equity Securities, FV-NI [Line Items]
Securities pledged	1,138,262,000		1,138,262,000			1,191,021,000
Debt Securities
Debt and Equity Securities, FV-NI [Line Items]
Accrued interest receivable	5,358,000		5,358,000			5,470,000
Increase (decrease) in debt securities, available for sale	(18,748,000)	(66,577,000)	8,375,000	(172,237,000)
Unrealized loss position	$ (226,013,000)	$ (167,510,000)	$ (226,013,000)	$ (167,510,000)	$ (207,265,000)	$ (234,388,000)	$ (100,933,000)
Unrealized gain position								$ 4,727,000

Investment Securities - Schedule of Amortized Cost and Fair Value of Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Amortized cost
Due in one year or less	$ 66,285	$ 4,277
Due in one to five years	106,548	161,556
Due in five to ten years	60,725	61,290
Due in over ten years	227,167	234,720
Amortized cost, sub-total	460,725	461,843
Total debt securities	1,645,373	1,705,574
Fair value
Due in one year or less	64,880	4,225
Due in one to five years	98,449	152,181
Due in five to ten years	57,675	57,859
Due in over ten years	201,702	205,084
Fair value, sub-total	422,706	419,349
Total debt securities	1,419,360	1,471,186
Mortgage-backed securities - residential
Amortized cost
Mortgage-backed securities	1,165,901	1,224,522
Total debt securities	1,165,901	1,224,522
Fair value
Mortgage-backed securities	979,400	1,034,193
Total debt securities	979,400	1,034,193
Mortgage-backed securities - commercial
Amortized cost
Mortgage-backed securities	18,747	19,209
Total debt securities	18,747	19,209
Fair value
Mortgage-backed securities	17,254	17,644
Total debt securities	$ 17,254	$ 17,644

Investment Securities - Summary of Sales and Other Dispositions of Securities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Proceeds from sales	$ 0	$ 1,218	$ 0	$ 1,218
Proceeds from maturities, prepayments and calls	31,588	68,906	58,415	126,349
Gross realized gains	0	1	0	3
Gross realized losses	$ 0	$ 0	$ 0	$ 0

Investment Securities - Schedule of Gross Unrealized Losses on Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Debt Securities, Available-for-sale [Abstract]
Fair Value, Less than 12 months	$ 98,023	$ 646,226
Unrealized Loss, Less than 12 months	(2,969)	(67,665)
Fair Value, 12 months or more	1,287,150	793,685
Unrealized Loss, 12 months or more	(223,431)	(167,181)
Fair Value, Total	1,385,173	1,439,911
Unrealized Loss, Total	(226,400)	(234,846)
U.S. government agency securities
Debt Securities, Available-for-sale [Abstract]
Fair Value, Less than 12 months	956	23,791
Unrealized Loss, Less than 12 months	(11)	(2,802)
Fair Value, 12 months or more	39,573	16,271
Unrealized Loss, 12 months or more	(4,645)	(2,303)
Fair Value, Total	40,529	40,062
Unrealized Loss, Total	(4,656)	(5,105)
Mortgage-backed securities - residential
Debt Securities, Available-for-sale [Abstract]
Fair Value, Less than 12 months	43,118	316,656
Unrealized Loss, Less than 12 months	(2,190)	(32,470)
Fair Value, 12 months or more	936,282	717,537
Unrealized Loss, 12 months or more	(184,311)	(157,859)
Fair Value, Total	979,400	1,034,193
Unrealized Loss, Total	(186,501)	(190,329)
Mortgage-backed securities - commercial
Debt Securities, Available-for-sale [Abstract]
Fair Value, Less than 12 months	0	11,104
Unrealized Loss, Less than 12 months	0	(968)
Fair Value, 12 months or more	17,254	6,540
Unrealized Loss, 12 months or more	(1,493)	(597)
Fair Value, Total	17,254	17,644
Unrealized Loss, Total	(1,493)	(1,565)
Municipal securities
Debt Securities, Available-for-sale [Abstract]
Fair Value, Less than 12 months	53,700	196,419
Unrealized Loss, Less than 12 months	(767)	(26,811)
Fair Value, 12 months or more	179,210	36,726
Unrealized Loss, 12 months or more	(26,555)	(4,602)
Fair Value, Total	232,910	233,145
Unrealized Loss, Total	(27,322)	(31,413)
U.S. Treasury securities
Debt Securities, Available-for-sale [Abstract]
Fair Value, Less than 12 months	249	94,248
Unrealized Loss, Less than 12 months	(1)	(4,122)
Fair Value, 12 months or more	107,972	13,432
Unrealized Loss, 12 months or more	(5,286)	(1,499)
Fair Value, Total	108,221	107,680
Unrealized Loss, Total	(5,287)	(5,621)
Corporate securities
Debt Securities, Available-for-sale [Abstract]
Fair Value, Less than 12 months	0	4,008
Unrealized Loss, Less than 12 months	0	(492)
Fair Value, 12 months or more	6,859	3,179
Unrealized Loss, 12 months or more	(1,141)	(321)
Fair Value, Total	6,859	7,187
Unrealized Loss, Total	$ (1,141)	$ (813)

Loans and Allowance for Credit Losses on Loans HFI - Loans Outstanding by Class of Financing Receivable (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Gross loans	$ 9,326,024		$ 9,298,212
Less: Allowance for credit losses on loans HFI	(140,664)	$ (138,809)	(134,192)	$ (126,272)	$ (120,049)	$ (125,559)
Net loans held for investment	9,185,360		9,164,020
Commercial and industrial
Financing Receivable, Past Due [Line Items]
Gross loans	1,693,572		1,645,783
Less: Allowance for credit losses on loans HFI	(11,311)	(11,117)	(11,106)	(10,191)	(12,699)	(15,751)
Construction
Financing Receivable, Past Due [Line Items]
Gross loans	1,636,970		1,657,488
Less: Allowance for credit losses on loans HFI	(39,920)	(41,025)	(39,808)	(38,383)	(31,782)	(28,576)
Residential real estate: \| 1-to-4 family mortgage
Financing Receivable, Past Due [Line Items]
Gross loans	1,548,614		1,573,121
Less: Allowance for credit losses on loans HFI	(27,407)	(27,213)	(26,141)	(21,398)	(21,024)	(19,104)
Residential real estate: \| Residential line of credit
Financing Receivable, Past Due [Line Items]
Gross loans	507,652		496,660
Less: Allowance for credit losses on loans HFI	(9,185)	(9,034)	(7,494)	(6,875)	(6,545)	(5,903)
Residential real estate: \| Multi-family mortgage
Financing Receivable, Past Due [Line Items]
Gross loans	518,025		479,572
Less: Allowance for credit losses on loans HFI	(6,828)	(6,619)	(6,490)	(6,503)	(6,398)	(6,976)
Commercial real estate: \| Owner-occupied
Financing Receivable, Past Due [Line Items]
Gross loans	1,158,782		1,114,580
Less: Allowance for credit losses on loans HFI	(8,467)	(7,952)	(7,783)	(7,329)	(8,416)	(12,593)
Commercial real estate: \| Non-owner occupied
Financing Receivable, Past Due [Line Items]
Gross loans	1,881,978		1,964,010
Less: Allowance for credit losses on loans HFI	(22,877)	(21,868)	(21,916)	(22,536)	(21,290)	(25,768)
Consumer and other
Financing Receivable, Past Due [Line Items]
Gross loans	380,431		366,998
Less: Allowance for credit losses on loans HFI	$ (14,669)	$ (13,981)	$ (13,454)	$ (13,057)	$ (11,895)	$ (10,888)

Loans and Allowance for Credit Losses on Loans HFI - Narrative (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023 USD ($) loan	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($) loanPortfolioPool loan	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
Financing Receivable, Past Due [Line Items]
Accrued interest receivable on loans	$ 38,057		$ 38,057		$ 38,507
Number of loan portfolio pools \| loanPortfolioPool			3
Accrued interest receivable written off as an adjustment to interest income on non-accrual loans	163	$ 123	$ 344	$ 307
Outstanding recorded investment		$ 104	206
Recorded investment in TDRs					13,854
TDRs classified as non-accruals					7,321
Allocation to specific reserves					253
Payment default for loans modified as troubled debt restructurings				$ 304
Federal Reserve Bank
Financing Receivable, Past Due [Line Items]
Deposit liabilities, collateral issued, financial instruments	$ 3,116,035		$ 3,116,035		3,118,172
1-to-4 family mortgage
Financing Receivable, Past Due [Line Items]
Number modified of mortgage loans \| loan	2		2
Outstanding recorded investment	$ 141		$ 141
FHLB Cincinnati \| Residential Mortgage Loans
Financing Receivable, Past Due [Line Items]
Collateral securing line of credit	1,000,551		1,000,551		909,734
FHLB Cincinnati \| Commercial Loan
Financing Receivable, Past Due [Line Items]
Collateral securing line of credit	$ 1,732,824		$ 1,732,824		$ 1,763,730

Loans and Allowance for Credit Losses on Loans HFI - Changes in Allowance for Credit Losses on Loans HFI by Class of Financing Receivable (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Allowance for Loan and Lease Losses [Roll Forward]
Balance at beginning of period	$ 138,809	$ 120,049	$ 134,192	$ 125,559
Provision for credit losses on loans HFI	2,575	8,181	7,572	2,052
Recoveries of loans previously charged-off	172	430	559	1,628
Loans charged off	(892)	(2,388)	(1,659)	(2,967)
Balance at end of period	140,664	126,272	140,664	126,272
Commercial and industrial
Allowance for Loan and Lease Losses [Roll Forward]
Balance at beginning of period	11,117	12,699	11,106	15,751
Provision for credit losses on loans HFI	192	(783)	182	(4,789)
Recoveries of loans previously charged-off	13	26	80	984
Loans charged off	(11)	(1,751)	(57)	(1,755)
Balance at end of period	11,311	10,191	11,311	10,191
Construction
Allowance for Loan and Lease Losses [Roll Forward]
Balance at beginning of period	41,025	31,782	39,808	28,576
Provision for credit losses on loans HFI	(1,115)	6,590	102	9,796
Recoveries of loans previously charged-off	10	11	10	11
Loans charged off	0	0	0	0
Balance at end of period	39,920	38,383	39,920	38,383
Residential real estate: \| 1-to-4 family mortgage
Allowance for Loan and Lease Losses [Roll Forward]
Balance at beginning of period	27,213	21,024	26,141	19,104
Provision for credit losses on loans HFI	185	383	1,258	2,291
Recoveries of loans previously charged-off	25	14	40	26
Loans charged off	(16)	(23)	(32)	(23)
Balance at end of period	27,407	21,398	27,407	21,398
Residential real estate: \| Residential line of credit
Allowance for Loan and Lease Losses [Roll Forward]
Balance at beginning of period	9,034	6,545	7,494	5,903
Provision for credit losses on loans HFI	151	314	1,691	955
Recoveries of loans previously charged-off	0	16	0	17
Loans charged off	0	0	0	0
Balance at end of period	9,185	6,875	9,185	6,875
Residential real estate: \| Multi-family mortgage
Allowance for Loan and Lease Losses [Roll Forward]
Balance at beginning of period	6,619	6,398	6,490	6,976
Provision for credit losses on loans HFI	209	105	338	(473)
Recoveries of loans previously charged-off	0	0	0	0
Loans charged off	0	0	0	0
Balance at end of period	6,828	6,503	6,828	6,503
Commercial real estate: \| Owner-occupied
Allowance for Loan and Lease Losses [Roll Forward]
Balance at beginning of period	7,952	8,416	7,783	12,593
Provision for credit losses on loans HFI	643	(1,102)	746	(5,289)
Recoveries of loans previously charged-off	16	15	82	25
Loans charged off	(144)	0	(144)	0
Balance at end of period	8,467	7,329	8,467	7,329
Commercial real estate: \| Non-owner occupied
Allowance for Loan and Lease Losses [Roll Forward]
Balance at beginning of period	21,868	21,290	21,916	25,768
Provision for credit losses on loans HFI	1,009	1,246	961	(3,232)
Recoveries of loans previously charged-off	0	0	0	0
Loans charged off	0	0	0	0
Balance at end of period	22,877	22,536	22,877	22,536
Consumer and other
Allowance for Loan and Lease Losses [Roll Forward]
Balance at beginning of period	13,981	11,895	13,454	10,888
Provision for credit losses on loans HFI	1,301	1,428	2,294	2,793
Recoveries of loans previously charged-off	108	348	347	565
Loans charged off	(721)	(614)	(1,426)	(1,189)
Balance at end of period	$ 14,669	$ 13,057	$ 14,669	$ 13,057

Loans and Allowance for Credit Losses on Loans HFI - Credit Quality of Loan Portfolio by Year of Origination (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	$ 9,326,024	$ 9,298,212
Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
2023-2022	122,420	396,833
2022-2021	354,187	204,830
2021-2020	175,916	69,147
2020-2019	51,598	92,705
2019-2018	79,584	40,196
Prior	90,118	70,500
Revolving Loans Amortized Cost Basis	819,749	771,572
Total	1,693,572	1,645,783
Current-period gross charge-offs, 2023	0
Current-period gross charge-offs, 2022	0
Current-period gross charge-offs, 2021	46
Current-period gross charge-offs, 2020	0
Current-period gross charge-offs, 2019	0
Current-period gross charge-offs, prior	0
Revolving Loans Amortized Cost Basis	11
Total	57
Commercial and industrial \| Pass
Financing Receivable, Allowance for Credit Loss [Line Items]
2023-2022	121,939	396,643
2022-2021	348,068	204,000
2021-2020	174,977	67,231
2020-2019	47,672	90,894
2019-2018	78,078	39,780
Prior	82,735	62,816
Revolving Loans Amortized Cost Basis	787,526	762,717
Total	1,640,995	1,624,081
Commercial and industrial \| Special Mention
Financing Receivable, Allowance for Credit Loss [Line Items]
2023-2022	0	125
2022-2021	3,453	7
2021-2020	329	0
2020-2019	2,016	160
2019-2018	157	143
Prior	1,427	771
Revolving Loans Amortized Cost Basis	20,241	2,520
Total	27,623	3,726
Commercial and industrial \| Classified
Financing Receivable, Allowance for Credit Loss [Line Items]
2023-2022	481	65
2022-2021	2,666	823
2021-2020	610	1,916
2020-2019	1,910	1,651
2019-2018	1,349	273
Prior	5,956	6,913
Revolving Loans Amortized Cost Basis	11,982	6,335
Total	24,954	17,976
Construction
Financing Receivable, Allowance for Credit Loss [Line Items]
2023-2022	83,247	682,965
2022-2021	775,397	496,032
2021-2020	374,858	142,248
2020-2019	67,486	84,599
2019-2018	70,096	17,360
Prior	52,655	45,378
Revolving Loans Amortized Cost Basis	213,231	188,906
Total	1,636,970	1,657,488
Current-period gross charge-offs, 2023	0
Current-period gross charge-offs, 2022	0
Current-period gross charge-offs, 2021	0
Current-period gross charge-offs, 2020	0
Current-period gross charge-offs, 2019	0
Current-period gross charge-offs, prior	0
Revolving Loans Amortized Cost Basis	0
Total	0
Construction \| Pass
Financing Receivable, Allowance for Credit Loss [Line Items]
2023-2022	83,247	682,885
2022-2021	772,013	495,723
2021-2020	374,540	142,233
2020-2019	66,581	84,599
2019-2018	70,096	17,360
Prior	51,937	44,326
Revolving Loans Amortized Cost Basis	213,231	188,906
Total	1,631,645	1,656,032
Construction \| Special Mention
Financing Receivable, Allowance for Credit Loss [Line Items]
2023-2022	0	0
2022-2021	169	0
2021-2020	0	15
2020-2019	6	0
2019-2018	0	0
Prior	718	707
Revolving Loans Amortized Cost Basis	0	0
Total	893	722
Construction \| Classified
Financing Receivable, Allowance for Credit Loss [Line Items]
2023-2022	0	80
2022-2021	3,215	309
2021-2020	318	0
2020-2019	899	0
2019-2018	0	0
Prior	0	345
Revolving Loans Amortized Cost Basis	0	0
Total	4,432	734
Residential real estate: \| Multi-family mortgage
Financing Receivable, Allowance for Credit Loss [Line Items]
2023-2022	19,097	142,912
2022-2021	139,768	147,168
2021-2020	150,468	96,819
2020-2019	119,065	33,547
2019-2018	33,190	6,971
Prior	42,973	38,551
Revolving Loans Amortized Cost Basis	13,464	13,604
Total	518,025	479,572
Current-period gross charge-offs, 2023	0
Current-period gross charge-offs, 2022	0
Current-period gross charge-offs, 2021	0
Current-period gross charge-offs, 2020	0
Current-period gross charge-offs, 2019	0
Current-period gross charge-offs, prior	0
Revolving Loans Amortized Cost Basis	0
Total	0
Residential real estate: \| Multi-family mortgage \| Pass
Financing Receivable, Allowance for Credit Loss [Line Items]
2023-2022	19,097	142,912
2022-2021	139,768	147,168
2021-2020	150,468	96,819
2020-2019	119,065	33,547
2019-2018	33,190	6,971
Prior	41,852	37,385
Revolving Loans Amortized Cost Basis	13,464	13,604
Total	516,904	478,406
Residential real estate: \| Multi-family mortgage \| Special Mention
Financing Receivable, Allowance for Credit Loss [Line Items]
2023-2022	0	0
2022-2021	0	0
2021-2020	0	0
2020-2019	0	0
2019-2018	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]
2023-2022	0	0
2022-2021	0	0
2021-2020	0	0
2020-2019	0	0
2019-2018	0	0
Prior	1,121	1,166
Revolving Loans Amortized Cost Basis	0	0
Total	1,121	1,166
Residential real estate: \| 1-to-4 family mortgage
Financing Receivable, Allowance for Credit Loss [Line Items]
2023-2022	100,265	569,437
2022-2021	534,653	453,564
2021-2020	414,587	166,187
2020-2019	156,939	95,326
2019-2018	86,543	70,157
Prior	255,627	218,450
Revolving Loans Amortized Cost Basis	0	0
Total	1,548,614	1,573,121
Current-period gross charge-offs, 2023	0
Current-period gross charge-offs, 2022	16
Current-period gross charge-offs, 2021	0
Current-period gross charge-offs, 2020	0
Current-period gross charge-offs, 2019	0
Current-period gross charge-offs, prior	16
Revolving Loans Amortized Cost Basis	0
Total	32
Residential real estate: \| 1-to-4 family mortgage \| Performing
Financing Receivable, Allowance for Credit Loss [Line Items]
2023-2022	100,265	568,210
2022-2021	531,715	448,401
2021-2020	411,194	160,715
2020-2019	152,684	93,548
2019-2018	86,026	68,113
Prior	248,803	211,019
Revolving Loans Amortized Cost Basis	0	0
Total	1,530,687	1,550,006
Residential real estate: \| 1-to-4 family mortgage \| Nonperforming
Financing Receivable, Allowance for Credit Loss [Line Items]
2023-2022	0	1,227
2022-2021	2,938	5,163
2021-2020	3,393	5,472
2020-2019	4,255	1,778
2019-2018	517	2,044
Prior	6,824	7,431
Revolving Loans Amortized Cost Basis	0	0
Total	17,927	23,115
Residential real estate: \| Residential line of credit
Financing Receivable, Allowance for Credit Loss [Line Items]
2023-2022	0	0
2022-2021	0	0
2021-2020	0	0
2020-2019	0	0
2019-2018	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	507,652	496,660
Total	507,652	496,660
Current-period gross charge-offs, 2023	0
Current-period gross charge-offs, 2022	0
Current-period gross charge-offs, 2021	0
Current-period gross charge-offs, 2020	0
Current-period gross charge-offs, 2019	0
Current-period gross charge-offs, prior	0
Revolving Loans Amortized Cost Basis	0
Total	0
Residential real estate: \| Residential line of credit \| Performing
Financing Receivable, Allowance for Credit Loss [Line Items]
2023-2022	0	0
2022-2021	0	0
2021-2020	0	0
2020-2019	0	0
2019-2018	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	506,465	495,129
Total	506,465	495,129
Residential real estate: \| Residential line of credit \| Nonperforming
Financing Receivable, Allowance for Credit Loss [Line Items]
2023-2022	0	0
2022-2021	0	0
2021-2020	0	0
2020-2019	0	0
2019-2018	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	1,187	1,531
Total	1,187	1,531
Commercial real estate: \| Owner-occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
2023-2022	41,038	237,963
2022-2021	240,975	225,859
2021-2020	230,037	110,972
2020-2019	119,039	153,162
2019-2018	168,074	69,602
Prior	305,012	254,690
Revolving Loans Amortized Cost Basis	54,607	62,332
Total	1,158,782	1,114,580
Current-period gross charge-offs, 2023	0
Current-period gross charge-offs, 2022	0
Current-period gross charge-offs, 2021	144
Current-period gross charge-offs, 2020	0
Current-period gross charge-offs, 2019	0
Current-period gross charge-offs, prior	0
Revolving Loans Amortized Cost Basis	0
Total	144
Commercial real estate: \| Owner-occupied \| Pass
Financing Receivable, Allowance for Credit Loss [Line Items]
2023-2022	41,038	237,862
2022-2021	233,473	223,883
2021-2020	227,506	110,748
2020-2019	119,039	148,405
2019-2018	164,411	66,101
Prior	295,161	246,414
Revolving Loans Amortized Cost Basis	50,408	57,220
Total	1,131,036	1,090,633
Commercial real estate: \| Owner-occupied \| Special Mention
Financing Receivable, Allowance for Credit Loss [Line Items]
2023-2022	0	101
2022-2021	1,324	683
2021-2020	1,859	0
2020-2019	0	168
2019-2018	162	2,225
Prior	5,332	1,258
Revolving Loans Amortized Cost Basis	0	5,000
Total	8,677	9,435
Commercial real estate: \| Owner-occupied \| Classified
Financing Receivable, Allowance for Credit Loss [Line Items]
2023-2022	0	0
2022-2021	6,178	1,293
2021-2020	672	224
2020-2019	0	4,589
2019-2018	3,501	1,276
Prior	4,519	7,018
Revolving Loans Amortized Cost Basis	4,199	112
Total	19,069	14,512
Commercial real estate: \| Non-owner occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
2023-2022	14,423	467,360
2022-2021	444,487	442,577
2021-2020	449,798	131,497
2020-2019	121,359	159,351
2019-2018	154,074	214,104
Prior	655,154	488,213
Revolving Loans Amortized Cost Basis	42,683	60,908
Total	1,881,978	1,964,010
Current-period gross charge-offs, 2023	0
Current-period gross charge-offs, 2022	0
Current-period gross charge-offs, 2021	0
Current-period gross charge-offs, 2020	0
Current-period gross charge-offs, 2019	0
Current-period gross charge-offs, prior	0
Revolving Loans Amortized Cost Basis	0
Total	0
Commercial real estate: \| Non-owner occupied \| Pass
Financing Receivable, Allowance for Credit Loss [Line Items]
2023-2022	14,235	467,360
2022-2021	444,487	440,319
2021-2020	447,841	131,497
2020-2019	121,359	159,205
2019-2018	153,675	210,752
Prior	642,442	473,607
Revolving Loans Amortized Cost Basis	42,683	60,908
Total	1,866,722	1,943,648
Commercial real estate: \| Non-owner occupied \| Special Mention
Financing Receivable, Allowance for Credit Loss [Line Items]
2023-2022	0	0
2022-2021	0	0
2021-2020	0	0
2020-2019	0	0
2019-2018	399	82
Prior	2,474	2,459
Revolving Loans Amortized Cost Basis	0	0
Total	2,873	2,541
Commercial real estate: \| Non-owner occupied \| Classified
Financing Receivable, Allowance for Credit Loss [Line Items]
2023-2022	188	0
2022-2021	0	2,258
2021-2020	1,957	0
2020-2019	0	146
2019-2018	0	3,270
Prior	10,238	12,147
Revolving Loans Amortized Cost Basis	0	0
Total	12,383	17,821
Consumer and other
Financing Receivable, Allowance for Credit Loss [Line Items]
2023-2022	45,554	118,803
2022-2021	102,801	58,175
2021-2020	52,303	42,468
2020-2019	38,885	30,045
2019-2018	27,770	28,489
Prior	105,875	84,843
Revolving Loans Amortized Cost Basis	7,243	4,175
Total	380,431	366,998
Current-period gross charge-offs, 2023	632
Current-period gross charge-offs, 2022	386
Current-period gross charge-offs, 2021	72
Current-period gross charge-offs, 2020	106
Current-period gross charge-offs, 2019	21
Current-period gross charge-offs, prior	207
Revolving Loans Amortized Cost Basis	2
Total	1,426
Consumer and other \| Performing
Financing Receivable, Allowance for Credit Loss [Line Items]
2023-2022	45,554	118,637
2022-2021	102,231	56,779
2021-2020	50,673	41,008
2020-2019	36,969	29,139
2019-2018	26,698	26,982
Prior	102,362	82,318
Revolving Loans Amortized Cost Basis	7,243	4,175
Total	371,730	359,038
Consumer and other \| Nonperforming
Financing Receivable, Allowance for Credit Loss [Line Items]
2023-2022	0	166
2022-2021	570	1,396
2021-2020	1,630	1,460
2020-2019	1,916	906
2019-2018	1,072	1,507
Prior	3,513	2,525
Revolving Loans Amortized Cost Basis	0	0
Total	8,701	7,960
Total consumer type loans
Financing Receivable, Allowance for Credit Loss [Line Items]
2023-2022	145,819	688,240
2022-2021	637,454	511,739
2021-2020	466,890	208,655
2020-2019	195,824	125,371
2019-2018	114,313	98,646
Prior	361,502	303,293
Revolving Loans Amortized Cost Basis	514,895	500,835
Total	2,436,697	2,436,779
Current-period gross charge-offs, 2023	632
Current-period gross charge-offs, 2022	402
Current-period gross charge-offs, 2021	72
Current-period gross charge-offs, 2020	106
Current-period gross charge-offs, 2019	21
Current-period gross charge-offs, prior	223
Revolving Loans Amortized Cost Basis	2
Total	1,458
Total consumer type loans \| Performing
Financing Receivable, Allowance for Credit Loss [Line Items]
2023-2022	145,819	686,847
2022-2021	633,946	505,180
2021-2020	461,867	201,723
2020-2019	189,653	122,687
2019-2018	112,724	95,095
Prior	351,165	293,337
Revolving Loans Amortized Cost Basis	513,708	499,304
Total	2,408,882	2,404,173
Total consumer type loans \| Nonperforming
Financing Receivable, Allowance for Credit Loss [Line Items]
2023-2022	0	1,393
2022-2021	3,508	6,559
2021-2020	5,023	6,932
2020-2019	6,171	2,684
2019-2018	1,589	3,551
Prior	10,337	9,956
Revolving Loans Amortized Cost Basis	1,187	1,531
Total	27,815	32,606
Total Commercial Loans
Financing Receivable, Allowance for Credit Loss [Line Items]
2023-2022	280,225	1,928,033
2022-2021	1,954,814	1,516,466
2021-2020	1,381,077	550,683
2020-2019	478,547	523,364
2019-2018	505,018	348,233
Prior	1,145,912	897,332
Revolving Loans Amortized Cost Basis	1,143,734	1,097,322
Total	6,889,327	6,861,433
Current-period gross charge-offs, 2023	0
Current-period gross charge-offs, 2022	0
Current-period gross charge-offs, 2021	190
Current-period gross charge-offs, 2020	0
Current-period gross charge-offs, 2019	0
Current-period gross charge-offs, prior	0
Revolving Loans Amortized Cost Basis	11
Total	201
Total Commercial Loans \| Pass
Financing Receivable, Allowance for Credit Loss [Line Items]
2023-2022	279,556	1,927,662
2022-2021	1,937,809	1,511,093
2021-2020	1,375,332	548,528
2020-2019	473,716	516,650
2019-2018	499,450	340,964
Prior	1,114,127	864,548
Revolving Loans Amortized Cost Basis	1,107,312	1,083,355
Total	6,787,302	6,792,800
Total Commercial Loans \| Special Mention
Financing Receivable, Allowance for Credit Loss [Line Items]
2023-2022	0	226
2022-2021	4,946	690
2021-2020	2,188	15
2020-2019	2,022	328
2019-2018	718	2,450
Prior	9,951	5,195
Revolving Loans Amortized Cost Basis	20,241	7,520
Total	40,066	16,424
Total Commercial Loans \| Classified
Financing Receivable, Allowance for Credit Loss [Line Items]
2023-2022	669	145
2022-2021	12,059	4,683
2021-2020	3,557	2,140
2020-2019	2,809	6,386
2019-2018	4,850	4,819
Prior	21,834	27,589
Revolving Loans Amortized Cost Basis	16,181	6,447
Total	$ 61,959	$ 52,209

Loans and Allowance for Credit Losses on Loans HFI - Analysis of Aging by Class of Financing Receivable (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Financing Receivable, Past Due [Line Items]
Loans held for investment	$ 9,326,024	$ 9,298,212
90 days or more and accruing interest	12,247	18,415
Nonaccrual loans	31,885	27,431
30-89 days past due and accruing interest
Financing Receivable, Past Due [Line Items]
Loans held for investment	33,619	31,296
Loans current on payments and accruing interest
Financing Receivable, Past Due [Line Items]
Loans held for investment	9,248,273	9,221,070
Commercial and industrial
Financing Receivable, Past Due [Line Items]
Loans held for investment	1,693,572	1,645,783
90 days or more and accruing interest	0	136
Nonaccrual loans	2,163	1,307
Commercial and industrial \| 30-89 days past due and accruing interest
Financing Receivable, Past Due [Line Items]
Loans held for investment	822	1,650
Commercial and industrial \| Loans current on payments and accruing interest
Financing Receivable, Past Due [Line Items]
Loans held for investment	1,690,587	1,642,690
Construction
Financing Receivable, Past Due [Line Items]
Loans held for investment	1,636,970	1,657,488
90 days or more and accruing interest	111	0
Nonaccrual loans	2,649	389
Construction \| 30-89 days past due and accruing interest
Financing Receivable, Past Due [Line Items]
Loans held for investment	2,127	1,246
Construction \| Loans current on payments and accruing interest
Financing Receivable, Past Due [Line Items]
Loans held for investment	1,632,083	1,655,853
Residential real estate: \| 1-to-4 family mortgage
Financing Receivable, Past Due [Line Items]
Loans held for investment	1,548,614	1,573,121
90 days or more and accruing interest	10,261	16,639
Nonaccrual loans	7,666	6,476
Residential real estate: \| 1-to-4 family mortgage \| 30-89 days past due and accruing interest
Financing Receivable, Past Due [Line Items]
Loans held for investment	14,302	15,470
Residential real estate: \| 1-to-4 family mortgage \| Loans current on payments and accruing interest
Financing Receivable, Past Due [Line Items]
Loans held for investment	1,516,385	1,534,536
Residential real estate: \| Residential line of credit
Financing Receivable, Past Due [Line Items]
Loans held for investment	507,652	496,660
90 days or more and accruing interest	334	131
Nonaccrual loans	853	1,400
Residential real estate: \| Residential line of credit \| 30-89 days past due and accruing interest
Financing Receivable, Past Due [Line Items]
Loans held for investment	1,407	772
Residential real estate: \| Residential line of credit \| Loans current on payments and accruing interest
Financing Receivable, Past Due [Line Items]
Loans held for investment	505,058	494,357
Residential real estate: \| Multi-family mortgage
Financing Receivable, Past Due [Line Items]
Loans held for investment	518,025	479,572
90 days or more and accruing interest	0	0
Nonaccrual loans	37	42
Residential real estate: \| Multi-family mortgage \| 30-89 days past due and accruing interest
Financing Receivable, Past Due [Line Items]
Loans held for investment	0	0
Residential real estate: \| Multi-family mortgage \| Loans current on payments and accruing interest
Financing Receivable, Past Due [Line Items]
Loans held for investment	517,988	479,530
Commercial real estate: \| Owner-occupied
Financing Receivable, Past Due [Line Items]
Loans held for investment	1,158,782	1,114,580
90 days or more and accruing interest	0	0
Nonaccrual loans	5,803	5,410
Commercial real estate: \| Owner-occupied \| 30-89 days past due and accruing interest
Financing Receivable, Past Due [Line Items]
Loans held for investment	1,316	1,948
Commercial real estate: \| Owner-occupied \| Loans current on payments and accruing interest
Financing Receivable, Past Due [Line Items]
Loans held for investment	1,151,663	1,107,222
Commercial real estate: \| Non-owner occupied
Financing Receivable, Past Due [Line Items]
Loans held for investment	1,881,978	1,964,010
90 days or more and accruing interest	0	0
Nonaccrual loans	5,554	5,956
Commercial real estate: \| Non-owner occupied \| 30-89 days past due and accruing interest
Financing Receivable, Past Due [Line Items]
Loans held for investment	3,512	102
Commercial real estate: \| Non-owner occupied \| Loans current on payments and accruing interest
Financing Receivable, Past Due [Line Items]
Loans held for investment	1,872,912	1,957,952
Consumer and other
Financing Receivable, Past Due [Line Items]
Loans held for investment	380,431	366,998
90 days or more and accruing interest	1,541	1,509
Nonaccrual loans	7,160	6,451
Consumer and other \| 30-89 days past due and accruing interest
Financing Receivable, Past Due [Line Items]
Loans held for investment	10,133	10,108
Consumer and other \| Loans current on payments and accruing interest
Financing Receivable, Past Due [Line Items]
Loans held for investment	$ 361,597	$ 348,930

Loans and Allowance for Credit Losses on Loans HFI - Amortized Cost and Related Allowance of Non-accrual Loans (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Financing Receivable, Past Due [Line Items]
Nonaccrual with no related allowance	$ 15,726		$ 15,726		$ 15,714
Nonaccrual with related allowance	16,159		16,159		11,717
Related allowance	712		712		433
Year to date Interest Income	408	$ 361	851	$ 636
Commercial and industrial
Financing Receivable, Past Due [Line Items]
Nonaccrual with no related allowance	1,313		1,313		790
Nonaccrual with related allowance	850		850		517
Related allowance	12		12		10
Year to date Interest Income	28	83	48	137
Construction
Financing Receivable, Past Due [Line Items]
Nonaccrual with no related allowance	899		899		0
Nonaccrual with related allowance	1,750		1,750		389
Related allowance	198		198		7
Year to date Interest Income	46	7	52	26
Residential real estate: \| 1-to-4 family mortgage
Financing Receivable, Past Due [Line Items]
Nonaccrual with no related allowance	1,483		1,483		2,834
Nonaccrual with related allowance	6,183		6,183		3,642
Related allowance	130		130		78
Year to date Interest Income	70	55	149	107
Residential real estate: \| Residential line of credit
Financing Receivable, Past Due [Line Items]
Nonaccrual with no related allowance	729		729		1,134
Nonaccrual with related allowance	124		124		266
Related allowance	2		2		4
Year to date Interest Income	27	21	51	61
Residential real estate: \| Multi-family mortgage
Financing Receivable, Past Due [Line Items]
Nonaccrual with no related allowance	0		0		1
Nonaccrual with related allowance	37		37		41
Related allowance	1		1		1
Year to date Interest Income	0	2	1	2
Commercial real estate: \| Owner-occupied
Financing Receivable, Past Due [Line Items]
Nonaccrual with no related allowance	5,683		5,683		5,200
Nonaccrual with related allowance	120		120		210
Related allowance	6		6		1
Year to date Interest Income	39	63	97	88
Commercial real estate: \| Non-owner occupied
Financing Receivable, Past Due [Line Items]
Nonaccrual with no related allowance	5,509		5,509		5,755
Nonaccrual with related allowance	45		45		201
Related allowance	1		1		5
Year to date Interest Income	55	76	137	146
Consumer and other
Financing Receivable, Past Due [Line Items]
Nonaccrual with no related allowance	110		110		0
Nonaccrual with related allowance	7,050		7,050		6,451
Related allowance	362		362		$ 327
Year to date Interest Income	$ 143	$ 54	$ 316	$ 69

Loans and Allowance for Credit Losses on Loans HFI - Performance Of Loans That has been Modified (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Financing Receivable, Past Due [Line Items]
Loans held for investment	$ 9,326,024	$ 9,298,212
90 days or more and accruing interest	12,247	18,415
Nonaccrual loans	31,885	27,431
30-89 days past due and accruing interest
Financing Receivable, Past Due [Line Items]
Loans held for investment	33,619	31,296
Loans current on payments and accruing interest
Financing Receivable, Past Due [Line Items]
Loans held for investment	9,248,273	9,221,070
Commercial and industrial
Financing Receivable, Past Due [Line Items]
Loans held for investment	1,693,572	1,645,783
90 days or more and accruing interest	0	136
Nonaccrual loans	2,163	1,307
Commercial and industrial \| 30-89 days past due and accruing interest
Financing Receivable, Past Due [Line Items]
Loans held for investment	822	1,650
Commercial and industrial \| Loans current on payments and accruing interest
Financing Receivable, Past Due [Line Items]
Loans held for investment	1,690,587	1,642,690
Construction
Financing Receivable, Past Due [Line Items]
Loans held for investment	1,636,970	1,657,488
90 days or more and accruing interest	111	0
Nonaccrual loans	2,649	389
Construction \| 30-89 days past due and accruing interest
Financing Receivable, Past Due [Line Items]
Loans held for investment	2,127	1,246
Construction \| Loans current on payments and accruing interest
Financing Receivable, Past Due [Line Items]
Loans held for investment	1,632,083	1,655,853
Residential real estate: \| 1-to-4 family mortgage
Financing Receivable, Past Due [Line Items]
Loans held for investment	1,548,614	1,573,121
90 days or more and accruing interest	10,261	16,639
Nonaccrual loans	7,666	6,476
Residential real estate: \| 1-to-4 family mortgage \| 30-89 days past due and accruing interest
Financing Receivable, Past Due [Line Items]
Loans held for investment	14,302	15,470
Residential real estate: \| 1-to-4 family mortgage \| Loans current on payments and accruing interest
Financing Receivable, Past Due [Line Items]
Loans held for investment	1,516,385	1,534,536
Residential real estate: \| Residential line of credit
Financing Receivable, Past Due [Line Items]
Loans held for investment	507,652	496,660
90 days or more and accruing interest	334	131
Nonaccrual loans	853	1,400
Residential real estate: \| Residential line of credit \| 30-89 days past due and accruing interest
Financing Receivable, Past Due [Line Items]
Loans held for investment	1,407	772
Residential real estate: \| Residential line of credit \| Loans current on payments and accruing interest
Financing Receivable, Past Due [Line Items]
Loans held for investment	505,058	494,357
Residential real estate: \| Multi-family mortgage
Financing Receivable, Past Due [Line Items]
Loans held for investment	518,025	479,572
90 days or more and accruing interest	0	0
Nonaccrual loans	37	42
Residential real estate: \| Multi-family mortgage \| 30-89 days past due and accruing interest
Financing Receivable, Past Due [Line Items]
Loans held for investment	0	0
Residential real estate: \| Multi-family mortgage \| Loans current on payments and accruing interest
Financing Receivable, Past Due [Line Items]
Loans held for investment	517,988	479,530
Commercial real estate: \| Owner-occupied
Financing Receivable, Past Due [Line Items]
Loans held for investment	1,158,782	1,114,580
90 days or more and accruing interest	0	0
Nonaccrual loans	5,803	5,410
Commercial real estate: \| Owner-occupied \| 30-89 days past due and accruing interest
Financing Receivable, Past Due [Line Items]
Loans held for investment	1,316	1,948
Commercial real estate: \| Owner-occupied \| Loans current on payments and accruing interest
Financing Receivable, Past Due [Line Items]
Loans held for investment	1,151,663	1,107,222
Commercial real estate: \| Non-owner occupied
Financing Receivable, Past Due [Line Items]
Loans held for investment	1,881,978	1,964,010
90 days or more and accruing interest	0	0
Nonaccrual loans	5,554	5,956
Commercial real estate: \| Non-owner occupied \| 30-89 days past due and accruing interest
Financing Receivable, Past Due [Line Items]
Loans held for investment	3,512	102
Commercial real estate: \| Non-owner occupied \| Loans current on payments and accruing interest
Financing Receivable, Past Due [Line Items]
Loans held for investment	1,872,912	1,957,952
Consumer and other
Financing Receivable, Past Due [Line Items]
Loans held for investment	380,431	366,998
90 days or more and accruing interest	1,541	1,509
Nonaccrual loans	7,160	6,451
Consumer and other \| 30-89 days past due and accruing interest
Financing Receivable, Past Due [Line Items]
Loans held for investment	10,133	10,108
Consumer and other \| Loans current on payments and accruing interest
Financing Receivable, Past Due [Line Items]
Loans held for investment	$ 361,597	$ 348,930

Loans and Allowance for Credit Losses on Loans HFI - Financial Effect of TDRs (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($) loan	Jun. 30, 2023 USD ($) loan
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of loans \| loan		2	4
Pre-modification outstanding recorded investment		$ 104	$ 206
Post-modification outstanding recorded investment		104	206
Charge offs and specific reserves		$ 0	0
1-to-4 family mortgage
Financing Receivable, Troubled Debt Restructuring [Line Items]
Post-modification outstanding recorded investment	$ 141		$ 141
Commercial and industrial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of loans \| loan		1	1
Pre-modification outstanding recorded investment		$ 55	$ 55
Post-modification outstanding recorded investment		55	55
Charge offs and specific reserves		$ 0	$ 0
Residential real estate: \| Residential line of credit
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of loans \| loan		1	1
Pre-modification outstanding recorded investment		$ 49	$ 49
Post-modification outstanding recorded investment		49	49
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

Loans and Allowance for Credit Losses on Loans HFI - Individually Assessed Allowance for Credit Losses for Collateral Dependent Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	$ 140,664	$ 138,809	$ 134,192	$ 126,272	$ 120,049	$ 125,559
Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	11,311	11,117	11,106	10,191	12,699	15,751
Construction
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	39,920	41,025	39,808	38,383	31,782	28,576
Residential real estate: \| 1-to-4 family mortgage
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	27,407	27,213	26,141	21,398	21,024	19,104
Residential real estate: \| Residential line of credit
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	9,185	9,034	7,494	6,875	6,545	5,903
Commercial real estate: \| Owner-occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	8,467	7,952	7,783	7,329	8,416	12,593
Commercial real estate: \| Non-owner occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	22,877	21,868	21,916	22,536	21,290	25,768
Consumer and other
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	14,669	$ 13,981	13,454	$ 13,057	$ 11,895	$ 10,888
Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	22,381		19,511
Real Estate \| Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	2,027		2,596
Real Estate \| Construction
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	1,499
Real Estate \| Residential real estate: \| 1-to-4 family mortgage
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	6,583		4,467
Real Estate \| Residential real estate: \| Residential line of credit
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	729		1,135
Real Estate \| Commercial real estate: \| Owner-occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	5,902		5,424
Real Estate \| Commercial real estate: \| Non-owner occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	5,510		5,755
Real Estate \| Consumer and other
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	131		134
Financial Assets and Equipment
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	13,053		0
Financial Assets and Equipment \| Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	11,881		0
Financial Assets and Equipment \| Construction
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	0
Financial Assets and Equipment \| Residential real estate: \| 1-to-4 family mortgage
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	1,172		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
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	35,434		19,511
Individually assessed allowance for credit loss	228		194
Total \| Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	13,908		2,596
Individually assessed allowance for credit loss	0		0
Total \| Construction
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	1,499
Individually assessed allowance for credit loss	60
Total \| Residential real estate: \| 1-to-4 family mortgage
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	7,755		4,467
Individually assessed allowance for credit loss	168		194
Total \| Residential real estate: \| Residential line of credit
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	729		1,135
Individually assessed allowance for credit loss	0		0
Total \| Commercial real estate: \| Owner-occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	5,902		5,424
Individually assessed allowance for credit loss	0		0
Total \| Commercial real estate: \| Non-owner occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	5,510		5,755
Individually assessed allowance for credit loss	0		0
Total \| Consumer and other
Financing Receivable, Allowance for Credit Loss [Line Items]
Type of Collateral	131		134
Individually assessed allowance for credit loss	$ 0		$ 0

Other Real Estate Owned - Summary of Other Real Estate Owned (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Other Real Estate [Roll Forward]
Balance at beginning of period	$ 4,085	$ 9,721	$ 5,794	$ 9,777
Transfers from loans	358	0	593	563
Proceeds from sale of other real estate owned	(3,124)	(297)	(5,155)	(418)
Gain (loss) on sale of other real estate owned	655	(26)	742	(130)
Write-downs and partial liquidations	0	0	0	(394)
Balance at end of period	$ 1,974	$ 9,398	$ 1,974	$ 9,398

Other Real Estate Owned - Narrative (Details) - Residential Real Estate Properties - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Real Estate Properties [Line Items]
Foreclosed residential real estate properties	$ 772	$ 840
Total foreclosure proceedings in process	$ 4,044	$ 2,653

Leases - Narrative (Details)	6 Months Ended
Leases - Narrative (Details)	Jun. 30, 2023 lease lease_renewal_option
Lessee, Lease, Description [Line Items]
Lessee, number of operating leases	58
Lessee, number of finance leases	1
Lessee, operating and finance lease, number of options to renew \| lease_renewal_option	1
Minimum
Lessee, Lease, Description [Line Items]
Lessee, operating and finance lease, renewal term	20 years

Leases - Information Related to Company's Leases (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Leases [Abstract]
Operating leases	$ 56,560	$ 60,043
Finance leases	1,311	1,367
Total right-of-use assets	57,871	61,410
Operating leases	67,304	69,754
Finance leases	1,374	1,420
Total lease liabilities	$ 68,678	$ 71,174
Weighted average remaining lease term (in years) - operating	11 years 9 months 18 days	12 years 1 month 6 days
Weighted average remaining lease term (in years) - finance	11 years 10 months 24 days	12 years 4 months 24 days
Weighted average discount rate - operating	3.22%	3.08%
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		6 Months Ended
Leases - Lease Expense (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Leases [Abstract]
Amortization of right-of-use asset	$ 2,307	$ 1,851	$ 4,122	$ 3,561
Short-term lease cost	143	144	264	255
Variable lease cost	326	293	624	549
Lease impairment	0	364	0	364
Gain on lease modifications and terminations	(1)	0	(73)	(18)
Interest on lease liabilities	6	6	12	15
Amortization of right-of-use asset	27	28	55	65
Sublease income	(215)	(181)	(496)	(376)
Total lease cost	$ 2,593	$ 2,505	$ 4,508	$ 4,415

Leases - Maturity Analysis of Operating and Finance Lease Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Operating Leases
March 31, 2024	$ 5,017
March 31, 2025	7,959
March 31, 2026	7,876
March 31, 2027	7,753
March 31, 2028	7,390
Thereafter	45,689
Total undiscounted future minimum lease payments	81,684
Less: imputed interest	(14,380)
Operating leases	67,304	$ 69,754
Finance Lease
March 31, 2024	59
March 31, 2025	120
March 31, 2026	121
March 31, 2027	123
March 31, 2028	125
Thereafter	977
Total undiscounted future minimum lease payments	1,525
Less: imputed interest	(151)
Finance leases	$ 1,374	$ 1,420

Mortgage Servicing Rights - Changes in Mortgage Servicing Rights (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Servicing Asset at Fair Value, Amount [Roll Forward]
Carrying value at beginning of period	$ 164,879	$ 144,675	$ 168,365	$ 115,512
Capitalization	2,273	5,258	4,061	15,070
Change in fair value:
Due to pay-offs/pay-downs	(3,269)	(5,024)	(5,789)	(9,495)
Due to change in valuation inputs or assumptions	2,550	13,769	(204)	37,591
Carrying value at end of period	$ 166,433	$ 158,678	$ 166,433	$ 158,678

Mortgage Servicing Rights - Servicing Income and Expense Included in Mortgage Banking Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Servicing income:
Servicing income	$ 7,586	$ 7,966	$ 15,354	$ 15,395
Contractually Specified Servicing Fee Income, Statement of Income or Comprehensive Income [Extensible Enumeration]	Mortgage banking income, service charges on deposit accounts, ATM and interchange fees, investment services and trust income, Other expense	Mortgage banking income, service charges on deposit accounts, ATM and interchange fees, investment services and trust income, Other expense	Mortgage banking income, service charges on deposit accounts, ATM and interchange fees, investment services and trust income, Other expense	Mortgage banking income, service charges on deposit accounts, ATM and interchange fees, investment services and trust income, Other expense
Change in fair value of mortgage servicing rights	$ (719)	$ 8,745	$ (5,993)	$ 28,096
Change in fair value of derivative hedging instruments	(3,503)	(9,897)	(1,636)	(28,995)
Servicing income	3,364	6,814	7,725	14,496
Servicing expenses	2,331	3,377	4,214	5,925
Net servicing income (loss)	$ 1,033	$ 3,437	$ 3,511	$ 8,571

Mortgage Servicing Rights - Data and Key Economic Assumptions Related to Mortgage Servicing Rights (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Transfers and Servicing of Financial Assets [Abstract]
Unpaid principal balance of mortgage loans sold and serviced for others	$ 10,961,516	$ 11,086,582
Weighted-average prepayment speed (CPR)	5.89%	5.55%
Estimated impact on fair value of a 10% increase	$ (4,659)	$ (4,886)
Estimated impact on fair value of a 20% increase	$ (9,012)	$ (9,447)
Discount rate	9.15%	9.10%
Estimated impact on fair value of a 100 bp increase	$ (7,801)	$ (8,087)
Estimated impact on fair value of a 200 bp increase	$ (14,933)	$ (15,475)
Weighted-average coupon interest rate	3.40%	3.31%
Weighted-average servicing fee (basis points)	0.27%	0.27%
Weighted-average remaining maturity (in months)	333 months	332 months

Mortgage Servicing Rights - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Transfers and Servicing of Financial Assets [Abstract]
Mortgage escrow deposit	$ 113,692	$ 75,612

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		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Federal taxes calculated at statutory rate	$ 9,480	$ 5,475	$ 19,156	$ 14,830
Increase (decrease) resulting from:
State taxes, net of federal benefit	647	1,582	898	2,533
Expense (benefit) from equity based compensation	69	(15)	184	(306)
Municipal interest income, net of interest disallowance	(451)	(444)	(907)	(888)
Bank-owned life insurance	(79)	(79)	(206)	(153)
Section 162(m) limitation	103	40	230	162
Other	66	158	177	(148)
Income tax expense, as reported	$ 9,835	$ 6,717	$ 19,532	$ 16,030
Federal taxes calculated at statutory rate, percent	21.00%	21.00%	21.00%	21.00%
Percentage increase (decrease) resulting from:
State taxes, net of federal benefit	1.40%	6.10%	1.00%	3.60%
Expense (benefit) from equity based compensation	0.20%	(0.10%)	0.20%	(0.40%)
Municipal interest income, net of interest disallowance	(1.00%)	(1.70%)	(1.00%)	(1.30%)
Bank-owned life insurance	(0.20%)	(0.30%)	(0.20%)	(0.20%)
Section 162(m) limitation	0.20%	0.20%	0.20%	0.10%
Other	0.20%	0.60%	0.20%	(0.10%)
Total	21.80%	25.80%	21.40%	22.70%

Commitments and Contingencies - Financial Instruments with Off-Balance Sheet Credit Risk (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Balance at end of period	$ 3,251,397	$ 3,635,232
Commitments to extend credit, excluding interest rate lock commitments
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Balance at end of period	3,187,583	3,563,982
Letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Balance at end of period	$ 63,814	$ 71,250

Commitments and Contingencies - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Floating interest rate loan commitments			$ 2,711,165		$ 2,961,683
Total principal amount of loans repurchased or indemnified	$ 1,371	$ 198	$ 4,697	$ 1,546

Commitments and Contingencies - Allowance for Credit Losses on Unfunded Commitments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Commitments and Contingencies [Roll Forward]
Balance at beginning of period	$ 138,809	$ 120,049	$ 134,192	$ 125,559
Balance at end of period	140,664	126,272	140,664	126,272
Unfunded Commitments
Commitments and Contingencies [Roll Forward]
Balance at beginning of period	18,463	16,262	22,969	14,380
Provision for credit losses on unfunded commitments	(3,653)	4,137	(8,159)	6,019
Balance at end of period	$ 14,810	$ 20,399	$ 14,810	$ 20,399

Commitments and Contingencies - Activity in the Repurchase Reserve (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Commitments and Contingencies [Roll Forward]
Balance at beginning of period	$ 1,358	$ 4,317	$ 1,621	$ 4,802
Provision for loan repurchases or indemnifications	(200)	(800)	(450)	(1,189)
Losses on loans repurchased or indemnified	(29)	(72)	(42)	(168)
Balance at end of period	$ 1,129	$ 3,445	$ 1,129	$ 3,445

Derivatives - Narrative (Details)	3 Months Ended		6 Months Ended
Derivatives - Narrative (Details)	Jun. 30, 2023 USD ($) agreement	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($) agreement	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
Derivative [Line Items]
Net tax expenses on reclassification adjustment on gain on hedging activities			$ 0	$ 0
Net liability position	$ 0		0		$ 0
Cash collateral pledged on derivatives	14,113,000		14,113,000		23,325,000
Designated as hedging \| Interest Expense on Borrowings
Derivative [Line Items]
Gain (loss) included in income statement	232,000	$ (101,000)	429,000	$ (240,000)
Interest Rate Swap \| Designated as hedging
Derivative [Line Items]
Notional amount	$ 300,000,000		$ 300,000,000		$ 300,000,000
Subordinated debt, net
Derivative [Line Items]
Number of derivative instruments \| agreement	2		2
Borrowings	$ 30,930,000		$ 30,930,000
Subordinated debt, net \| Interest Rate Swap
Derivative [Line Items]
Notional amount	30,000,000		30,000,000
Subordinated debt, net \| Interest Rate Swap \| Designated as hedging
Derivative [Line Items]
Notional amount	$ 30,000,000		$ 30,000,000
Subordinated debt, net \| Interest Rate Swap \| LIBOR
Derivative [Line Items]
Derivative variable interest rate	2.08%		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 ($)	Jun. 30, 2023	Dec. 31, 2022
Interest Rate Swap \| Subordinated debt, net
Derivatives, Fair Value [Line Items]
Notional Amount	$ 30,000,000
Not designated as hedging
Derivatives, Fair Value [Line Items]
Notional Amount	1,567,921,000	$ 1,379,923,000
Asset	46,121,000	47,514,000
Liability	(43,039,000)	(49,552,000)
Not designated as hedging \| Interest rate contracts
Derivatives, Fair Value [Line Items]
Notional Amount	789,547,000	560,310,000
Asset	43,238,000	45,775,000
Liability	(43,039,000)	(45,762,000)
Not designated as hedging \| Forward commitments
Derivatives, Fair Value [Line Items]
Notional Amount	314,500,000	207,000,000
Asset	820,000	306,000
Liability	0	0
Not designated as hedging \| Interest rate-lock commitments
Derivatives, Fair Value [Line Items]
Notional Amount	135,374,000	118,313,000
Asset	1,611,000	1,433,000
Liability	0	0
Not designated as hedging \| Futures contracts
Derivatives, Fair Value [Line Items]
Notional Amount	328,500,000	494,300,000
Asset	452,000	0
Liability	0	(3,790,000)
Designated as hedging \| Interest Rate Swap
Derivatives, Fair Value [Line Items]
Notional Amount	300,000,000	300,000,000
Designated as hedging \| Interest Rate Swap \| Subordinated debt, net
Derivatives, Fair Value [Line Items]
Notional Amount	30,000,000
Asset	$ 1,011,000
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other assets
Liability		$ 1,255,000
Derivative Liability, Statement of Financial Position [Extensible Enumeration]		Accrued expenses and other liabilities

Derivatives - Gains (Losses) Included in the Consolidated Statements of Income Related to Derivative Financial Instruments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Derivatives, Fair Value [Line Items]
Amount of gain (loss) recognized in other comprehensive (loss) income, net of tax expense (benefit) of $6, $99, $(64) and $372	$ 17	$ 283	$ (180)	$ 1,057
Net tax expenses (benefits) recognized on net change in unrealized gain (loss) on hedging activities	6	99	(64)	372
Not designated as hedging
Derivatives, Fair Value [Line Items]
Gains (losses) on derivative financial instruments	(2,979)	7,274	(794)	23,232
Not designated as hedging \| Interest rate-lock commitments
Derivatives, Fair Value [Line Items]
Gains (losses) on derivative financial instruments	(1,028)	2,007	179	(3,439)
Not designated as hedging \| Forward commitments
Derivatives, Fair Value [Line Items]
Gains (losses) on derivative financial instruments	1,031	14,432	736	52,335
Not designated as hedging \| Futures contracts
Derivatives, Fair Value [Line Items]
Gains (losses) on derivative financial instruments	(2,521)	(9,165)	(584)	(25,700)
Not designated as hedging \| Option contracts
Derivatives, Fair Value [Line Items]
Gains (losses) on derivative financial instruments	(461)	0	(1,125)	36
Designated as hedging
Derivatives, Fair Value [Line Items]
Amount of gain (loss) recognized in other comprehensive (loss) income, net of tax expense (benefit) of $6, $99, $(64) and $372	$ 17	$ 283	$ (180)	$ 1,057

Derivatives - Fair Value Hedges (Details) - Interest Rate Swap - Designated as Hedging Instrument - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Derivative [Line Items]
Remaining Maturity (In Years)	11 months 23 days
Receive Fixed Rate	1.48%
Notional Amount	$ 300,000,000	$ 300,000,000
Estimated fair value	$ (11,505,000)	(13,677,000)
Fixed Rate Money Market Deposits One
Derivative [Line Items]
Remaining Maturity (In Years)	1 year 1 month 20 days
Receive Fixed Rate	1.50%
Notional Amount	$ 75,000,000	75,000,000
Estimated fair value	$ (3,343,000)	(3,693,000)
Fixed Rate Money Market Deposits Two
Derivative [Line Items]
Remaining Maturity (In Years)	1 year 1 month 20 days
Receive Fixed Rate	1.50%
Notional Amount	$ 125,000,000	125,000,000
Estimated fair value	$ (5,572,000)	(6,154,000)
Subordinated debt, net
Derivative [Line Items]
Remaining Maturity (In Years)	8 months 1 day
Receive Fixed Rate	1.46%
Notional Amount	$ 100,000,000	100,000,000
Estimated fair value	$ (2,590,000)	$ (3,830,000)

Derivatives - Income Included In Interest Expense On Borrowings And Deposits (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Derivatives, Fair Value [Line Items]
Interest (expense) income, net	$ 101,543	$ 102,171	$ 205,203	$ 190,353
Interest Rate Swap \| Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Interest (expense) income, net	(2,663)	581	(4,931)	1,056
Interest Rate Swap \| Designated as Hedging Instrument \| Fixed Rate Money Market Deposits
Derivatives, Fair Value [Line Items]
Interest (expense) income, net	(1,769)	395	(3,277)	708
Interest Rate Swap \| Designated as Hedging Instrument \| Subordinated debt, net
Derivatives, Fair Value [Line Items]
Interest (expense) income, net	$ (894)	$ 186	$ (1,654)	$ 348

Derivatives - Balance Sheet (Details) - Interest Rate Swap - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Borrowings
Derivative [Line Items]
Carrying Amount of the Hedged Item	$ 96,605	$ 95,171
Cumulative Decrease in Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Item	(2,590)	(3,830)
Borrowings \| Subordinated debt, net
Derivative [Line Items]
Unamortized subordinated debt issuance costs	805	999
Money market and savings deposits
Derivative [Line Items]
Carrying Amount of the Hedged Item	195,589	196,520
Cumulative Decrease in Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Item	(8,915)	(9,847)
Purchase accounting fair value premium	$ 4,504	$ 6,367

Derivatives - Offsetting Derivative Assets and Liabilities (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Offsetting Derivative Assets
Gross amounts recognized	$ 44,150,000	$ 44,273,000
Gross amounts offset in the consolidated balance sheets	0	0
Net amounts presented in the consolidated balance sheets	44,150,000	44,273,000
Gross amounts not offset in the consolidated balance sheets, less financial instruments	12,613,000	14,229,000
Gross amounts not offset in the consolidated balance sheets, less financial collateral pledged	0	0
Net amounts	31,537,000	30,044,000
Offsetting Derivative Liabilities
Gross amounts recognized	18,441,000	20,251,000
Gross amounts offset in the consolidated balance sheets	0	0
Net amounts presented in the consolidated balance sheets	18,441,000	20,251,000
Gross amounts not offset in the consolidated balance sheets, less financial instruments	12,613,000	14,229,000
Gross amounts not offset in the consolidated balance sheets, less financial collateral pledged	5,828,000	6,022,000
Net amounts	$ 0	$ 0

Fair Value of Financial Instruments - Estimated Fair Values and Carrying Values of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Financial assets:
Net loans held for investment	$ 9,185,360	$ 9,164,020
Interest receivable	44,973	45,684
Level 1
Financial liabilities:
Federal Home Loan Bank advances	0
Level 2
Financial liabilities:
Federal Home Loan Bank advances	125,000
Level 3
Financial liabilities:
Federal Home Loan Bank advances	0
Carrying amount
Financial assets:
Cash and cash equivalents	1,160,354	1,027,052
Investment securities	1,422,391	1,474,176
Net loans held for investment	9,185,360	9,164,020
Loans held for sale, at fair value	78,906	113,240
Interest receivable	44,973	45,684
Mortgage servicing rights	166,433	168,365
Derivatives	47,132	48,769
Financial liabilities:
Deposits, Without stated maturities	9,251,599	9,433,860
Deposits, With stated maturities	1,620,656	1,421,974
Securities sold under agreements to repurchase and federal funds purchased	116,220	86,945
Federal Home Loan Bank advances	125,000	175,000
Subordinated debt, net	127,535	126,101
Interest payable	16,897	8,648
Derivatives	54,544	63,229
Fair Value
Financial assets:
Cash and cash equivalents	1,160,354	1,027,052
Investment securities	1,422,391	1,474,176
Net loans held for investment	8,894,367	9,048,943
Loans held for sale, at fair value	78,906	113,240
Interest receivable	44,973	45,684
Mortgage servicing rights	166,433	168,365
Derivatives	47,132	48,769
Financial liabilities:
Deposits, Without stated maturities	9,251,599	9,433,860
Deposits, With stated maturities	1,611,764	1,422,544
Securities sold under agreements to repurchase and federal funds purchased	116,220	86,945
Federal Home Loan Bank advances	125,000	175,000
Subordinated debt, net	117,939	118,817
Interest payable	16,897	8,648
Derivatives	54,544	63,229
Fair Value \| Level 1
Financial assets:
Cash and cash equivalents	1,160,354	1,027,052
Investment securities	0	0
Net loans held for investment	0	0
Loans held for sale, at fair value	0	0
Interest receivable	234	126
Mortgage servicing rights	0	0
Derivatives	0	0
Financial liabilities:
Deposits, Without stated maturities	9,251,599	9,433,860
Deposits, With stated maturities	0	0
Securities sold under agreements to repurchase and federal funds purchased	116,220	86,945
Federal Home Loan Bank advances		0
Subordinated debt, net	0	0
Interest payable	3,503	2,571
Derivatives	0	0
Fair Value \| Level 2
Financial assets:
Cash and cash equivalents	0	0
Investment securities	1,422,391	1,474,176
Net loans held for investment	0	0
Loans held for sale, at fair value	69,639	82,750
Interest receivable	6,682	6,961
Mortgage servicing rights	0	0
Derivatives	47,132	48,769
Financial liabilities:
Deposits, Without stated maturities	0	0
Deposits, With stated maturities	1,611,764	1,422,544
Securities sold under agreements to repurchase and federal funds purchased	0	0
Federal Home Loan Bank advances		175,000
Subordinated debt, net	0	0
Interest payable	11,894	4,559
Derivatives	54,544	63,229
Fair Value \| Level 3
Financial assets:
Cash and cash equivalents	0	0
Investment securities	0	0
Net loans held for investment	8,894,367	9,048,943
Loans held for sale, at fair value	9,267	30,490
Interest receivable	38,057	38,597
Mortgage servicing rights	166,433	168,365
Derivatives	0	0
Financial liabilities:
Deposits, Without stated maturities	0	0
Deposits, With stated maturities	0	0
Securities sold under agreements to repurchase and federal funds purchased	0	0
Federal Home Loan Bank advances		0
Subordinated debt, net	117,939	118,817
Interest payable	1,500	1,518
Derivatives	$ 0	$ 0

Fair Value of Financial Instruments - Balances and Levels of Assets Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Financial assets:
Available-for-sale securities:	$ 1,419,360	$ 1,471,186
Equity securities, at fair value	3,031	2,990
Mortgage-backed securities - residential
Financial assets:
Available-for-sale securities:	979,400	1,034,193
Mortgage-backed securities - commercial
Financial assets:
Available-for-sale securities:	17,254	17,644
Municipal securities
Financial assets:
Available-for-sale securities:	267,097	264,420
U.S. Treasury securities
Financial assets:
Available-for-sale securities:	108,221	107,680
Corporate securities
Financial assets:
Available-for-sale securities:	6,859	7,187
Recurring Basis
Financial assets:
Equity securities, at fair value	3,031	2,990
Total securities	1,422,391	1,474,176
Total loans held for sale	78,906	113,240
Mortgage servicing rights	166,433	168,365
Derivatives	47,132	48,769
Financial liabilities:
Derivatives	54,544	63,229
Recurring Basis \| U.S. government agency securities
Financial assets:
Available-for-sale securities:	40,529	40,062
Recurring Basis \| Mortgage-backed securities - residential
Financial assets:
Available-for-sale securities:	979,400	1,034,193
Recurring Basis \| Mortgage-backed securities - commercial
Financial assets:
Available-for-sale securities:	17,254	17,644
Recurring Basis \| Municipal securities
Financial assets:
Available-for-sale securities:	267,097	264,420
Recurring Basis \| U.S. Treasury securities
Financial assets:
Available-for-sale securities:	108,221	107,680
Recurring Basis \| Corporate securities
Financial assets:
Available-for-sale securities:	6,859	7,187
Recurring Basis \| Quoted prices in active markets for identical assets (liabilities) (level 1)
Financial assets:
Equity securities, at fair value	0	0
Total securities	0	0
Total 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) \| U.S. 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, at fair value	3,031	2,990
Total securities	1,422,391	1,474,176
Total loans held for sale	69,639	82,750
Mortgage servicing rights	0	0
Derivatives	47,132	48,769
Financial liabilities:
Derivatives	54,544	63,229
Recurring Basis \| Significant other observable inputs (level 2) \| U.S. government agency securities
Financial assets:
Available-for-sale securities:	40,529	40,062
Recurring Basis \| Significant other observable inputs (level 2) \| Mortgage-backed securities - residential
Financial assets:
Available-for-sale securities:	979,400	1,034,193
Recurring Basis \| Significant other observable inputs (level 2) \| Mortgage-backed securities - commercial
Financial assets:
Available-for-sale securities:	17,254	17,644
Recurring Basis \| Significant other observable inputs (level 2) \| Municipal securities
Financial assets:
Available-for-sale securities:	267,097	264,420
Recurring Basis \| Significant other observable inputs (level 2) \| U.S. Treasury securities
Financial assets:
Available-for-sale securities:	108,221	107,680
Recurring Basis \| Significant other observable inputs (level 2) \| Corporate securities
Financial assets:
Available-for-sale securities:	6,859	7,187
Recurring Basis \| Significant unobservable inputs (level 3)
Financial assets:
Equity securities, at fair value	0	0
Total securities	0	0
Total loans held for sale	9,267	30,490
Mortgage servicing rights	166,433	168,365
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) \| U.S. 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
Non-recurring Basis
Financial liabilities:
Total collateral dependent loans	929	2,860
Non-recurring Basis \| Residential real estate \| 1-to-4 family mortgage
Financial liabilities:
Total collateral dependent loans	389	366
Non-recurring Basis \| Quoted prices in active markets for identical assets (liabilities) (level 1)
Financial liabilities:
Total collateral dependent loans	0	0
Non-recurring Basis \| Quoted prices in active markets for identical assets (liabilities) (level 1) \| Residential real estate \| 1-to-4 family mortgage
Financial liabilities:
Total collateral dependent loans	0	0
Non-recurring Basis \| Significant other observable inputs (level 2)
Financial liabilities:
Total collateral dependent loans	0	0
Non-recurring Basis \| Significant other observable inputs (level 2) \| Residential real estate \| 1-to-4 family mortgage
Financial liabilities:
Total collateral dependent loans	0	0
Non-recurring Basis \| Significant unobservable inputs (level 3)
Financial liabilities:
Total collateral dependent loans	929	2,860
Non-recurring Basis \| Significant unobservable inputs (level 3) \| Residential real estate \| 1-to-4 family mortgage
Financial liabilities:
Total collateral dependent loans	$ 389	$ 366

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	Jun. 30, 2023	Dec. 31, 2022
Financial assets:
Other real estate owned	$ 582	$ 2,497
Total collateral dependent loans	929	2,860
Construction
Financial assets:
Total collateral dependent loans	540
Residential real estate: \| 1-to-4 family mortgage
Financial assets:
Total collateral dependent loans	389	366
Commercial real estate: \| Non-owner occupied
Financial assets:
Total collateral dependent loans		2,494
Quoted prices in active markets for identical assets (liabilities) (level 1)
Financial assets:
Other real estate owned	0	0
Total collateral dependent loans	0	0
Quoted prices in active markets for identical assets (liabilities) (level 1) \| Construction
Financial assets:
Total collateral dependent loans	0
Quoted prices in active markets for identical assets (liabilities) (level 1) \| Residential real estate: \| 1-to-4 family mortgage
Financial assets:
Total collateral dependent loans	0	0
Quoted prices in active markets for identical assets (liabilities) (level 1) \| Commercial real estate: \| Non-owner occupied
Financial assets:
Total collateral dependent loans		0
Significant other observable inputs (level 2)
Financial assets:
Other real estate owned	0	0
Total collateral dependent loans	0	0
Significant other observable inputs (level 2) \| Construction
Financial assets:
Total collateral dependent loans	0
Significant other observable inputs (level 2) \| Residential real estate: \| 1-to-4 family mortgage
Financial assets:
Total collateral dependent loans	0	0
Significant other observable inputs (level 2) \| Commercial real estate: \| Non-owner occupied
Financial assets:
Total collateral dependent loans		0
Significant unobservable inputs (level 3)
Financial assets:
Other real estate owned	582	2,497
Total collateral dependent loans	929	2,860
Significant unobservable inputs (level 3) \| Construction
Financial assets:
Total collateral dependent loans	540
Significant unobservable inputs (level 3) \| Residential real estate: \| 1-to-4 family mortgage
Financial assets:
Total collateral dependent loans	$ 389	366
Significant unobservable inputs (level 3) \| Commercial real estate: \| Non-owner occupied
Financial assets:
Total collateral dependent loans		$ 2,494

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	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total collateral dependent loans	$ 929	$ 2,860
Other real estate owned	582	2,497
Significant unobservable inputs (level 3)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total collateral dependent loans	929	2,860
Other real estate owned	$ 582	$ 2,497
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		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Franklin Financial Network, Inc. \| Fair Value \| Commercial and industrial
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Gain recognized on the change in fair value of portfolio	$ (8)	$ (2,010)	$ 902	$ (2,184)
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	(129)	4,671	(179)	(12,203)
Loans HFS and derivatives
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	874	$ (5,354)	453	$ (12,902)
Level 3 \| Non-recurring Basis
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Amortized costs of collateral dependent loans	$ 1,158		$ 1,158		$ 3,054

Fair Value of Financial Instruments - Loans Held for Sale at Fair Value (Details) - Recurring Basis - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total loans held for sale	$ 78,906	$ 113,240
Total loans held for sale	99,131	139,451
Fair Value Option
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total loans held for sale	78,906	113,240
Other \| Fair Value Option
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage loans held for sale	69,639	82,750
GNMA
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage loans held for sale	20,225	26,211
Commercial \| Fair Value Option
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total loans held for sale	$ 9,267	$ 30,490

Fair Value of Financial Instruments - Changes in Fair Value Associated with Commercial Loans Held for Sale (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Change in fair value:
Fair Value Recurring Basis Unobservable Input Reconciliation Asset Gain Loss Statement Of Income Extensible List Not Disclosed Flag	Changes in valuation included in other noninterest income	Changes in valuation included in other noninterest income	Changes in valuation included in other noninterest income	Changes in valuation included in other noninterest income
Franklin Financial Network, Inc. \| Commercial and industrial \| Aggregate Unpaid Principal Balance
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Carrying value at beginning of period	$ 12,467	$ 85,816	$ 34,357	$ 86,762
Change in fair value:
Pay-downs and pay-offs	(235)	(38,354)	(22,125)	(39,300)
Changes in valuation included in other noninterest income	0	0	0	0
Carrying value at end of period	12,232	47,462	12,232	47,462
Franklin Financial Network, Inc. \| Commercial and industrial \| Fair Value Discount
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Carrying value at beginning of period	(2,957)	(7,637)	(3,867)	(7,463)
Change in fair value:
Pay-downs and pay-offs	0	0	0	0
Changes in valuation included in other noninterest income	(8)	(2,010)	902	(2,184)
Carrying value at end of period	(2,965)	(9,647)	(2,965)	(9,647)
Franklin Financial Network, Inc. \| Commercial and industrial \| Fair Value
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Carrying value at beginning of period	9,510	78,179	30,490	79,299
Change in fair value:
Pay-downs and pay-offs	(235)	(38,354)	(22,125)	(39,300)
Changes in valuation included in other noninterest income	(8)	(2,010)	902	(2,184)
Carrying value at end of period	$ 9,267	$ 37,815	$ 9,267	$ 37,815

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	Jun. 30, 2023	Dec. 31, 2022
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	$ 69,639	$ 82,750
Nonaccrual commercial loans held for sale	9,267	9,289
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		21,201
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	68,589	81,520
Nonaccrual commercial loans held for sale	12,232	12,231
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		22,126
Difference
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage loans held for sale measured at fair value	1,050	1,230
Nonaccrual commercial loans held for sale	$ (2,965)	(2,942)
Difference \| Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage loans held for sale measured at fair value		$ (925)

Segment Reporting - Narrative (Details) $ in Thousands	3 Months Ended		6 Months Ended
Segment Reporting - Narrative (Details) $ in Thousands	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($) channel	Jun. 30, 2023 USD ($) segment	Jun. 30, 2022 USD ($)
Segment Reporting Information [Line Items]
Number of distinct reportable segments \| segment			2
Number of delivery channels, discontinued \| channel		1
Number of distinct delivery channels \| channel		2
Mortgage
Segment Reporting Information [Line Items]
Pre tax restructuring charges \| $		$ 12,458		$ 12,458
Interest paid \| $	$ 4,319	$ 4,850	$ 8,250	$ 10,516

Segment Reporting - Direct-to-consumer Channel Volume (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Interest Rate Lock Commitment
Revenue, Major Customer [Line Items]
Direct-to-consumer	$ 0	$ 95,756,000	$ 0	$ 663,848,000
Retail	402,951,000	605,114,000	777,993,000	1,346,129,000
Mortgage loan sales	402,951,000	700,870,000	777,993,000	2,009,977,000
Mortgage
Revenue, Major Customer [Line Items]
Mortgage loan sales	$ 330,326,000	$ 869,688,000	$ 662,633,000	$ 2,154,170,000

Segment Reporting - Segment Financial Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Segment Reporting Information [Line Items]
Net interest income	$ 101,543	$ 102,171	$ 205,203	$ 190,353
Provisions for credit losses	1,078	12,318	587	8,071
Mortgage banking income	16,454	23,711	31,947	52,989
Change in fair value of mortgage servicing rights, net of hedging	(4,222)	(1,152)	(7,629)	(899)
Other noninterest income	11,581	10,655	22,844	22,516
Depreciation and amortization	2,452	2,012	4,680	4,048
Amortization of intangibles	940	1,194	1,930	2,438
Other noninterest expense	77,900	93,791	155,122	179,783
Income before income taxes	45,142	26,070	91,220	70,619
Income tax expense	9,835	6,717	19,532	16,030
Net income attributable to FB Financial Corporation and noncontrolling interest	35,307	19,353	71,688	54,589
Net income applicable to noncontrolling interest	8	8	8	8
Net income applicable to FB Financial Corporation	35,299	19,345	71,680	54,581
Total assets	12,887,395	12,193,862	12,887,395	12,193,862	$ 12,847,756
Goodwill	242,561	242,561	242,561	242,561	$ 242,561
Mortgage restructuring expense	0	12,458	0	12,458
Banking
Segment Reporting Information [Line Items]
Net interest income	101,543	102,171	205,203	190,355
Provisions for credit losses	1,078	12,318	587	8,071
Mortgage banking income	0	0	0	0
Change in fair value of mortgage servicing rights, net of hedging	0	0	0	0
Other noninterest income	11,480	10,699	22,973	22,682
Depreciation and amortization	2,220	1,731	4,269	3,441
Amortization of intangibles	940	1,194	1,930	2,438
Other noninterest expense	64,493	56,395	129,804	113,025
Income before income taxes	46,448	41,232	92,760	86,062
Total assets	12,302,812	11,469,762	12,302,812	11,469,762
Goodwill	242,561	242,561	242,561	242,561
Mortgage
Segment Reporting Information [Line Items]
Net interest income	0	0	0	(2)
Provisions for credit losses	0	0	0	0
Mortgage banking income	16,454	23,711	31,947	52,989
Change in fair value of mortgage servicing rights, net of hedging	(4,222)	(1,152)	(7,629)	(899)
Other noninterest income	101	(44)	(129)	(166)
Depreciation and amortization	232	281	411	607
Amortization of intangibles	0	0	0	0
Other noninterest expense	13,407	37,396	25,318	66,758
Income before income taxes	(1,306)	(15,162)	(1,540)	(15,443)
Total assets	584,583	724,100	584,583	724,100
Goodwill	$ 0	$ 0	$ 0	$ 0

Minimum Capital Requirements (Details) $ in Thousands	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
FB Financial Corporation
Total Capital (to risk-weighted assets)
Actual, Amount	$ 1,588,399	$ 1,528,344
Actual, Ratio	0.139	0.131
Minimum Capital adequacy with capital buffer, Amount	$ 1,198,463	$ 1,225,161
Minimum Capital adequacy with capital buffer, Ratio	0.105	0.105
Tier 1 Capital (to risk-weighted assets)
Actual, Amount	$ 1,363,796	$ 1,315,386
Actual, Ratio	0.119	0.113
Minimum Capital adequacy with capital buffer, Amount	$ 970,185	$ 991,797
Minimum Capital adequacy with capital buffer, Ratio	8.50%	8.50%
Tier 1 Capital (to average assets)
Actual, Amount	$ 1,363,796	$ 1,315,386
Actual, Ratio	0.107	0.105
Minimum Capital adequacy with capital buffer, Amount	$ 510,676	$ 499,648
Minimum Capital adequacy with capital buffer. Ratio	0.040	0.040
Common Equity Tier 1 Capital (to risk-weighted assets)
Actual, Amount	$ 1,333,796	$ 1,285,386
Actual Ratio	11.70%	11.00%
Minimum Capital adequacy with capital buffer, Amount	$ 798,976	$ 816,774
Minimum Capital adequacy with capital buffer, Ratio	0.070	0.070
FirstBank
Total Capital (to risk-weighted assets)
Actual, Amount	$ 1,555,006	$ 1,506,543
Actual, Ratio	0.136	0.129
Minimum Capital adequacy with capital buffer, Amount	$ 1,196,301	$ 1,222,922
Minimum Capital adequacy with capital buffer, Ratio	0.105	0.105
To be well capitalized under prompt corrective action provisions, Amount	$ 1,139,334	$ 1,164,688
To be well capitalized under prompt corrective action provisions, Ratio	0.100	0.100
Tier 1 Capital (to risk-weighted assets)
Actual, Amount	$ 1,330,403	$ 1,293,585
Actual, Ratio	0.117	0.111
Minimum Capital adequacy with capital buffer, Amount	$ 968,434	$ 989,985
Minimum Capital adequacy with capital buffer, Ratio	8.50%	8.50%
To be well capitalized under prompt corrective action provisions, Amount	$ 911,467	$ 931,750
To be well capitalized under prompt corrective action provisions, Ratio	0.080	0.080
Tier 1 Capital (to average assets)
Actual, Amount	$ 1,330,403	$ 1,293,585
Actual, Ratio	0.104	0.104
Minimum Capital adequacy with capital buffer, Amount	$ 510,283	$ 499,194
Minimum Capital adequacy with capital buffer. Ratio	0.040	0.040
To be well capitalized under prompt corrective action provisions, Amount	$ 637,854	$ 623,992
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	$ 1,330,403	$ 1,293,585
Actual Ratio	11.70%	11.10%
Minimum Capital adequacy with capital buffer, Amount	$ 797,534	$ 815,281
Minimum Capital adequacy with capital buffer, Ratio	0.070	0.070
To be well capitalized under prompt corrective action provisions, Amount	$ 740,567	$ 757,047
To be well capitalized under prompt corrective action provisions, Ratio	6.50%	6.50%

Stock-Based Compensation - Changes in Restricted Stock Units (Details) - RSUs	6 Months Ended
	Jun. 30, 2023 $ / shares shares
Restricted Stock Units Outstanding
Balance at beginning of period (in shares) \| shares	365,155,000
Granted (in shares) \| shares	163,552,000
Vested (in shares) \| shares	(163,129,000)
Forfeited (in shares) \| shares	(2,188,000)
Balance at end of period (in shares) \| shares	363,390,000
Weighted Average Grant Date Fair Value
Balance at beginning of period (in dollars per share) \| $ / shares	$ 39.02
Granted (in dollars per share) \| $ / shares	36.04
Vested (in dollars per share) \| $ / shares	39.19
Forfeited (in dollars per share) \| $ / shares	41.19
Balance at end of period (in dollars per share) \| $ / shares	$ 37.59

Stock-Based Compensation - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost related to nonvested awards			$ 5,533	$ 5,620
Dividends declared not paid on restricted stock units	$ 158	$ 118	158	118
Proceeds from employee payroll withholdings			305	588
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of restricted stock units vested and released	1,802	2,449	6,393	5,846
Compensation cost related to nonvested awards	2,188	2,196	3,894	4,052
Unrecognized compensation cost related to nonvested awards	11,036		$ 11,036
Expected weighted-average period to be recognized			2 years 3 months 3 days
Dividends declared not paid on restricted stock units	$ 292		$ 292		$ 292
RSUs \| 2016-LTIP Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for issuable (in shares)	1,534,973		1,534,973
RSUs \| Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost related to nonvested awards	$ 272	148	$ 447	314
PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost related to nonvested awards	1,060	$ 842	1,639	$ 1,568
Unrecognized compensation cost related to nonvested awards	$ 13,323		$ 13,323
Expected weighted-average period to be recognized			2 years 3 months 18 days
Criteria period			3 years
Maximum unrecognized compensation cost, payout percentage	200.00%		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		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)	0	0	8,214	15,152
Number of shares reserved for issuance (in shares)	2,306,532		2,306,532

Stock-Based Compensation - Changes in Performance Stock Units (Details) - PSUs	6 Months Ended
	Jun. 30, 2023 $ / shares shares
Performance Stock Units Outstanding
Balance at beginning of period (in shares) \| shares	161,667
Granted (in shares) \| shares	86,010
Performance adjustment (in shares) \| shares	51,444
Vested (in shares) \| shares	(104,833)
Forfeited or expired (in shares) \| shares	(1,153)
Balance at end of period (in shares) \| shares	193,135
Weighted Average Grant Date Fair Value
Balance at beginning of period (in dollars per share) \| $ / shares	$ 41.73
Granted (in dollars per share) \| $ / shares	37.17
Performance adjustment (in dollars per share) \| $ / shares	36.93
Vested (in dollars per share) \| $ / shares	36.93
Forfeited (in dollars per share) \| $ / shares	44.25
Balance at end of period (in dollars per share) \| $ / shares	$ 40.96

Stock-Based Compensation - Performance Shares, Activity (Details) - PSUs	6 Months Ended
	Jun. 30, 2023 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in dollars per share)	$ 37.17
Criteria period	3 years
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting, percentage	0.00%
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting, percentage	200.00%
Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in dollars per share)	$ 43.20
PSUs Outstanding (in shares) \| shares	52,491
Award vesting, percentage	0.00%
Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in dollars per share)	$ 44.44
PSUs Outstanding (in shares) \| shares	57,190
Award vesting, percentage	25.00%
Tranche Three
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in dollars per share)	$ 37.17
PSUs Outstanding (in shares) \| shares	83,454
Award vesting, percentage	100.00%
Tranche Four
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting, percentage	200.00%

Related Party Transactions - Loans Analysis to Executive Officers, Certain Management, Bank Directors and Related Interests (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($)
Financing Receivable, Related Parties [Roll Forward]
Loans outstanding at January 1, 2023	$ 82,559
New loans and advances	4,524
Change in related party status	37,812
Repayments	(1,451)
Loans outstanding at June 30, 2023	$ 47,820

Related Party Transactions - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Related Party Transaction [Line Items]
Deposits from related parties	$ 298,186		$ 298,186		$ 347,660
Amortized cost	1,645,373		1,645,373		1,705,574
Manufactured loan housing securities
Related Party Transaction [Line Items]
Master loan purchase agreement, maximum amount	250,000		$ 250,000
Loan purchase agreement, term			5 years
Loans purchased	6,449		$ 6,449
Amortized cost	6,441		6,441
Purchase agreements					0
Preferred Stock
Related Party Transaction [Line Items]
Equity security without readily determinable market value	10,000		10,000		10,000
Directors
Related Party Transaction [Line Items]
Operating lease expense	103	$ 100	193	$ 201
Directors \| FBK Aviation, LLC \| Aviation Time Sharing Agreements
Related Party Transaction [Line Items]
Income from related party	4	$ 8	11	$ 19
Unfunded Loan Commitment \| Certain Executive Officers, Certain Management and Directors and Their Associates
Related Party Transaction [Line Items]
Unfunded commitments	$ 53,589		$ 53,589		$ 31,564