Fb financial corp (FBK)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Sep'15
Interest income:
Interest and fees on loans

63,754

66,095

67,639

66,276

60,448

57,875

57,904

54,529

50,693

51,246

44,367

29,350

29,006

28,125

26,550

26,878

24,312

22,800

Interest on securities
Taxable

3,056

2,969

3,137

3,548

3,569

3,260

3,151

3,134

2,852

2,529

2,399

2,589

2,567

2,350

2,402

2,849

3,045

2,793

Tax-exempt

1,433

1,327

1,174

1,160

1,144

1,110

1,031

981

925

910

988

1,068

1,040

947

875

845

705

685

Other

1,431

1,252

1,292

735

772

823

526

399

378

346

661

271

276

145

178

108

180

106

Total interest income

69,674

71,643

73,242

71,719

65,933

63,068

62,612

59,043

54,848

55,031

48,415

33,278

32,889

31,567

30,005

30,680

28,242

26,384

Interest expense:
Deposits

12,168

12,703

13,522

13,488

11,855

10,703

7,864

5,898

5,071

5,843

3,954

1,703

1,531

1,387

1,340

1,289

1,397

1,197

Borrowings

1,257

1,248

1,415

1,208

1,062

998

1,993

1,628

1,348

2,338

851

112

10

20

13

29

59

214

Time deposits

-

-

-

-

-

-

-

-

-

-

-

604

583

551

575

441

362

364

Long-term debt

-

-

-

-

-

-

-

-

-

-

-

432

514

577

460

563

481

474

Total interest expense

13,425

13,951

14,937

14,696

12,917

11,701

9,857

7,526

6,419

6,048

4,805

2,851

2,638

2,535

2,388

2,322

2,299

2,249

Net interest income

56,249

57,692

58,305

57,023

53,016

51,367

52,755

51,517

48,429

48,983

43,610

30,427

30,251

29,032

27,617

28,358

25,943

24,135

Provision for credit losses

27,964

2,950

1,831

881

1,391

2,200

1,818

1,063

317

956

-784

-865

-257

-752

71

-789

-9

-1,159

Provision for credit losses on unfunded commitments

1,600

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Net interest income after provisions for credit losses

26,684

54,742

56,474

56,142

51,625

49,167

50,937

50,454

48,112

48,027

44,394

31,292

30,508

29,784

27,546

29,147

25,952

25,294

Noninterest income:
Mortgage banking income

-

-

-

-

-

-

-

-

-

-

-

30,239

25,080

26,177

36,938

30,133

24,503

19,794

Gain from securities, net

63

-18

-20

52

43

0

-27

-42

-47

1

254

29

1

0

416

2,591

1,400

47

Service charges on deposit accounts

-

-

-

-

-

-

-

-

-

-

-

-

1,766

1,880

1,870

2,276

1,983

1,876

ATM and interchange fees

-

-

-

-

-

-

-

-

-

-

-

-

2,047

2,035

1,814

1,907

2,035

1,572

Investment services and trust income

-

-

-

-

-

-

-

-

-

-

-

-

814

829

857

958

693

800

Bargain purchase gain

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,794

Gain (loss) on sales or write-downs of other real estate owned

51

433

-126

277

-39

-56

120

23

-186

-

-

-

748

-222

1,646

-131

-11

-105

(Loss) gain from other assets

-328

-156

44

-183

191

89

326

-155

68

-

-389

39

-

-127

7

-123

140

5

Other income

2,775

1,501

2,114

1,691

1,793

1,889

1,257

1,583

1,443

1,718

1,202

543

631

760

414

745

292

265

Total noninterest income

42,700

35,234

38,145

32,979

29,039

27,249

34,355

35,763

33,275

37,017

37,820

35,657

31,087

31,332

43,962

38,356

31,035

27,048

Noninterest expenses:
Salaries, commissions and employee benefits

43,622

39,589

40,880

37,918

33,697

33,286

35,213

34,366

34,027

35,421

34,795

30,783

29,006

29,506

34,010

26,688

23,788

22,151

Occupancy and equipment expense

4,178

3,534

4,058

4,319

3,730

3,493

3,514

3,545

3,424

3,055

3,539

3,307

3,109

3,044

3,171

3,226

3,170

2,741

Legal and professional fees

1,558

2,074

1,993

1,694

1,725

1,978

1,917

1,965

2,043

1,764

1,512

1,033

1,428

810

816

856

1,032

1,252

Data processing

2,453

2,746

2,816

2,643

2,384

2,365

2,562

2,138

2,035

1,766

1,761

1,460

1,501

1,490

1,294

669

728

511

Business Combination, Acquisition Related Costs

3,050

686

295

3,783

621

401

0

0

1,193

2,069

15,711

767

487

0

1,122

1,540

606

291

Amortization of core deposit and other intangibles

1,203

1,159

1,197

1,254

729

753

777

802

853

922

558

123

392

527

526

527

552

415

Amortization of mortgage servicing rights

-

-

-

-

-

-

-

-

-

-

-

-

-

2,100

2,796

1,968

1,457

764

Impairment of mortgage servicing rights

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,411

2,402

4,914

773

-

Loss on sale of mortgage servicing rights

-

-

-

-

-

-

-

-

-

-

-

-249

-

-

-

-

-

-

Regulatory fees and deposit insurance assessments

-

-

-

634

-

-

-

730

562

-

549

494

435

471

465

529

487

550

Advertising

2,389

2,072

1,895

2,434

2,737

2,639

3,810

3,408

3,282

3,189

3,493

3,343

2,932

2,537

2,220

3,601

2,250

2,305

Other expense

10,106

12,082

9,801

8,818

9,478

11,373

9,420

8,801

8,075

12,425

6,783

7,213

6,670

5,285

6,204

4,728

5,995

4,040

Total noninterest expense

68,559

62,686

62,935

64,119

55,101

53,736

57,213

56,358

56,151

57,540

69,224

49,136

46,417

47,319

55,529

50,595

41,347

35,579

Income before income taxes

825

27,290

31,684

25,002

25,563

22,680

28,079

29,859

25,236

27,504

12,990

17,813

15,178

13,797

15,979

16,908

15,640

16,763

Income Tax Expense (Benefit)

80

5,718

7,718

6,314

5,975

5,640

6,702

7,794

5,482

4,486

4,602

6,574

5,425

4,787

14,772

1,133

1,041

858

Net Income (Loss) Attributable to Parent

745

21,572

23,966

18,688

19,588

17,040

21,377

22,065

19,754

23,018

8,388

11,239

9,753

9,010

1,207

15,775

14,599

15,905

Weighted average shares of common stock outstanding
Basic

-

-

-

-

-

-

-

-

-

-

-

-

24,138

24,041

18,259

17,180

17,180

17,180

Fully diluted

-

-

-

-

-

-

-

-

-

-

-

-

24,610

24,556

18,332

17,180

17,180

17,180

Earnings per common share
Earnings Per Share, Basic

0.02

0.70

0.77

0.60

0.63

0.54

0.69

0.72

0.65

0.78

0.28

0.44

0.40

0.28

0.07

0.92

0.85

0.93

Earnings Per Share, Diluted

0.02

0.68

0.76

0.59

0.62

0.54

0.68

0.70

0.63

0.76

0.27

0.43

0.40

0.26

0.07

0.92

0.85

0.93

Pro Forma (C Corporation basis) (unaudited) (Note 13):
Income tax expense

-

-

-

-

-

-

-

-

-

-

-

-

-

4,787

5,946

6,332

5,837

5,180

Pro Forma Net Income Loss

-

-

-

-

-

-

-

-

-

-

-

-

-

9,010

10,033

10,576

9,803

11,583

Earnings Per Share, Pro Forma [Abstract]
Basic Earnings Per Share, Pro Forma

-

-

-

-

-

-

-

-

-

-

-

-

-

0.32

0.55

0.62

0.57

0.67

Diluted Earnings Per Share Pro Forma

-

-

-

-

-

-

-

-

-

-

-

-

-

0.30

0.55

0.62

0.57

0.67

Mortgage banking income
Mortgage banking income, service charges on deposit accounts, ATM and interchange fees, investment services and trust income

32,745

26,176

29,193

24,526

21,021

18,997

26,649

28,544

26,471

-

-

-

-

-

-

-

-

-

Service charges on deposit accounts
Mortgage banking income, service charges on deposit accounts, ATM and interchange fees, investment services and trust income

2,563

2,657

2,416

2,327

2,079

2,286

2,208

2,049

1,959

-

-

-

-

-

-

-

-

-

ATM and interchange fees
Mortgage banking income, service charges on deposit accounts, ATM and interchange fees, investment services and trust income

3,134

3,315

3,188

3,002

2,656

2,660

2,411

2,581

2,361

-

-

-

-

-

-

-

-

-

Investment services and trust income
Mortgage banking income, service charges on deposit accounts, ATM and interchange fees, investment services and trust income

1,697

1,326

1,336

1,287

1,295

1,384

1,411

1,180

1,206

-

-

-

-

-

-

-

-

-

Mortgage Banking Income
Noninterest income:

-

-

-

-

-

-

-

-

-

-

31,334

-

-

-

-

-

-

-

Service Charges on Deposit Accounts
Noninterest income:

-

-

-

-

-

-

-

-

-

-

2,044

-

-

-

-

-

-

-

ATM and Interchange Fees
Noninterest income:

-

-

-

-

-

-

-

-

-

-

2,222

-

-

-

-

-

-

-

Investment Services and Trust Income
Noninterest income:

-

-

-

-

-

-

-

-

-

-

1,078

-

-

-

-

-

-

-

Gain (Loss) on Sales or Write-Downs of Other Real Estate Owned
Noninterest income:

-

-

-

-

-

-

-

-

-

-

75

-

-

-

-

-

-

-

Software license and maintenance fees
Software license and maintenance fees

-

-

-

622

-

-

-

603

657

-

523

364

457

513

503

1,349

509

559