Schedule of Segment Financial Information |
The following tables provide segment financial information for the years ended March 31, 2021 and 2020 as follows: | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, 2021 | | Banking | | Mortgage | | Consolidated | Net interest income | | $ | 82,597 | | | $ | (21) | | | $ | 82,576 | | Provisions for credit losses(1) | | (13,854) | | | — | | | (13,854) | | Mortgage banking income | | — | | | 60,595 | | | 60,595 | | Change in fair value of mortgage servicing rights, net of hedging(2) | | — | | | (5,263) | | | (5,263) | | Other noninterest income | | 11,398 | | | — | | | 11,398 | | Depreciation and amortization | | 1,858 | | | 198 | | | 2,056 | | Amortization of intangibles | | 1,440 | | | — | | | 1,440 | | | | | | | | | Other noninterest expense | | 52,437 | | | 38,765 | | | 91,202 | | Income before income taxes | | $ | 52,114 | | | $ | 16,348 | | | $ | 68,462 | | Income tax expense | | | | | | 15,588 | | Net income applicable to FB Financial Corporation and noncontrolling interest | | | | | | $ | 52,874 | | Net income applicable to noncontrolling interest(3) | | | | | | — | | Net income applicable to FB Financial Corporation | | | | | | $ | 52,874 | | Total assets | | $ | 10,787,955 | | | $ | 1,147,871 | | | $ | 11,935,826 | | Goodwill | | 242,561 | | | — | | | 242,561 | |
(1)Included $2,222 in provision for credit losses on unfunded commitments. (2)Included in mortgage banking income in the Company's consolidated statements of income. (3)Banking segment includes noncontrolling interest.
| | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, 2020 | | Banking | | Mortgage | | Consolidated | Net interest income | | $ | 56,233 | | | $ | 16 | | | $ | 56,249 | | Provisions for credit losses(1) | | 29,565 | | | — | | | 29,565 | | Mortgage banking income | | — | | | 38,613 | | | 38,613 | | Change in fair value of mortgage servicing rights, net of hedging(2) | | — | | | (5,868) | | | (5,868) | | Other noninterest income | | 9,955 | | | — | | | 9,955 | | Depreciation and amortization | | 1,492 | | | 120 | | | 1,612 | | Amortization of intangibles | | 1,203 | | | — | | | 1,203 | | Other noninterest expense(3) | | 41,122 | | | 24,622 | | | 65,744 | | Income before income taxes | | $ | (7,194) | | | $ | 8,019 | | | $ | 825 | | Income tax expense | | | | | | 80 | | | | | | | | | | | | | | | | Net income applicable to FB Financial Corporation | | | | | | $ | 745 | | Total assets | | $ | 6,122,217 | | | $ | 533,470 | | | $ | 6,655,687 | | Goodwill | | 174,859 | | | — | | | 174,859 | |
(1)Includes $1,601 in provision for credit losses on unfunded commitments. (2)Included in mortgage banking income in the Company's consolidated statements of income. (3)Includes $3,050 in merger costs in the Banking segment, .
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