10-Q 1 by-20220331.htm 10-Q 10-Q
0001702750Q1http://www.bylinebank.com/20220331#ServicingAssetsMember1falseP1Yhttp://www.bylinebank.com/20220331#SingleIssuerTrustPreferredSecurityMemberP1YP1Y--12-310001702750by:FirstEvanstonBancorpIncStockIncentivePlanMember2022-03-310001702750by:BYBPlanMember2021-12-310001702750by:PaycheckProtectionProgramPortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:CommercialRealEstatePortfolioSegmentMember2021-01-012021-03-310001702750by:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750by:OtherInterestRateDerivativesMember2022-03-310001702750by:MetropolitanStatutoryTrustOneMember2022-03-310001702750us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberby:InstallmentAndOtherPortfolioSegmentMember2021-03-310001702750us-gaap:USTreasuryNotesSecuritiesMember2022-03-310001702750us-gaap:CommercialRealEstatePortfolioSegmentMember2022-01-012022-03-310001702750us-gaap:CommercialRealEstatePortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-01-012022-03-310001702750by:BYBPlanMember2017-06-300001702750us-gaap:ResidentialPortfolioSegmentMember2022-03-310001702750by:AcquiredNonImpairedLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-12-310001702750us-gaap:InvestmentsMember2021-01-012021-03-310001702750us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2022-03-310001702750us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:RestrictedStockMemberby:OmnibusPlanMember2021-01-012021-12-310001702750by:CommercialAndIndustrialPortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750by:ConstructionLandDevelopmentAndOtherLandPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750by:PaycheckProtectionProgramPortfolioSegmentMemberus-gaap:DoubtfulMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:CommercialRealEstatePortfolioSegmentMemberby:WatchMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:CoreDepositsMember2022-01-012022-03-310001702750by:CommercialAndIndustrialPortfolioSegmentMemberby:NonAccruingLoansMember2022-01-012022-03-310001702750us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310001702750us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2021-03-310001702750us-gaap:FinancingReceivables30To59DaysPastDueMemberby:PaycheckProtectionProgramPortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750by:FirstEvanstonBancorpTrustOneMember2022-03-310001702750by:ServicingAssetsMember2020-12-310001702750us-gaap:FinanceLeasesPortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:SeriesBPreferredStockMember2021-01-012021-03-310001702750by:ThreeMonthLondonInterbankOfferedRateMemberby:FirstEvanstonBancorpTrustOneMemberus-gaap:JuniorSubordinatedDebtMember2021-01-012021-12-310001702750by:AcquiredImpairedLoansMember2022-01-012022-03-310001702750by:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:PassMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:FinanceLeasesPortfolioSegmentMemberus-gaap:DoubtfulMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750by:FirstEvanstonBancorpIncStockIncentivePlanMember2021-12-310001702750by:PaycheckProtectionProgramPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:ResidentialPortfolioSegmentMemberus-gaap:DoubtfulMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750by:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2022-03-310001702750us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember2022-03-310001702750us-gaap:DoubtfulMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:FederalHomeLoanBankAdvancesMember2022-03-310001702750by:ServicingAssetsMember2021-01-012021-03-310001702750by:OtherRealEstateOwnedPortfolioSegmentMemberus-gaap:FairValueInputsLevel3Member2022-03-310001702750by:PaycheckProtectionProgramPortfolioSegmentMember2022-01-012022-03-310001702750srt:MinimumMember2021-12-310001702750us-gaap:CustomerRelationshipsMember2022-03-310001702750by:AccruedInterestPayableAndOtherLiabilitiesMember2021-12-310001702750us-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:AgencySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2022-03-310001702750us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2022-03-310001702750us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2022-03-310001702750us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:AgencySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2022-03-310001702750us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:SubstandardMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:SubordinatedDebtMemberby:FixedToFloatingSubordinateNotesMatureOnFirstJulyTwoThousandThirtyMember2022-03-310001702750by:PublicFundDepositsMember2021-12-310001702750us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:HeldtomaturitySecuritiesMember2022-03-3100017027502022-03-310001702750by:ConstructionLandDevelopmentAndOtherLandPortfolioSegmentMemberus-gaap:DoubtfulMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750by:ConstructionLandDevelopmentAndOtherLandPortfolioSegmentMemberby:OriginatedLoansMember2021-12-310001702750by:ConstructionLandDevelopmentAndOtherLandPortfolioSegmentMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750by:AccruingLoansMember2021-01-012021-12-310001702750by:AvailableFederalFundsLineMember2021-12-310001702750us-gaap:FinancialAssetNotPastDueMemberby:InstallmentAndOtherPortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:CommercialRealEstatePortfolioSegmentMemberby:AccruingLoansMember2021-01-012021-12-310001702750by:SeriesBSevenPointFivePercentFixedToFloatingNonCumulativePerpetualPreferredStockMember2022-03-310001702750by:PaycheckProtectionProgramPortfolioSegmentMemberby:AcquiredImpairedLoansMember2021-12-310001702750us-gaap:RetainedEarningsMember2021-07-012021-09-300001702750us-gaap:FinancingReceivables60To89DaysPastDueMemberby:InstallmentAndOtherPortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750by:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-07-012021-09-300001702750us-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2022-03-310001702750by:ConstructionLandDevelopmentAndOtherLandPortfolioSegmentMember2021-01-012021-03-310001702750us-gaap:CustomerRelationshipsMember2021-12-3100017027502021-09-300001702750us-gaap:SubsequentEventMember2022-04-260001702750by:ConstructionLandDevelopmentAndOtherLandPortfolioSegmentMemberus-gaap:DoubtfulMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750by:ServicingAssetsMembersrt:MaximumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueMeasurementsRecurringMember2022-03-310001702750us-gaap:LoansInsuredOrGuaranteedByUsGovernmentAuthoritiesMember2022-03-310001702750by:AccruedInterestReceivableAndOtherAssetsMember2022-03-310001702750by:AcquiredNonImpairedLoansMemberus-gaap:ResidentialPortfolioSegmentMember2022-03-310001702750by:PaycheckProtectionProgramPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750srt:MaximumMember2022-03-310001702750us-gaap:FinancingReceivables30To59DaysPastDueMemberby:PaycheckProtectionProgramPortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750by:ConstructionLandDevelopmentAndOtherLandPortfolioSegmentMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:PreferredStockMember2020-12-310001702750us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember2021-12-310001702750us-gaap:MeasurementInputPrepaymentRateMemberby:ServicingAssetsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2022-01-012022-03-310001702750by:PaycheckProtectionProgramPortfolioSegmentMemberby:WatchMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750by:PaycheckProtectionProgramPortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750by:SeriesBSevenPointFivePercentFixedToFloatingNonCumulativePerpetualPreferredStockMember2021-12-310001702750by:InstallmentAndOtherPortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750by:PaycheckProtectionProgramPortfolioSegmentMember2021-01-012021-03-310001702750us-gaap:RestrictedStockMember2021-03-310001702750us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberby:InstallmentAndOtherPortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2022-03-310001702750us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2021-12-310001702750us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2021-12-310001702750us-gaap:InvestmentsMember2022-01-012022-03-310001702750by:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:FairValueInputsLevel3Member2022-03-310001702750us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2022-03-310001702750us-gaap:SubstandardMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750by:PaycheckProtectionProgramPortfolioSegmentMemberby:AcquiredImpairedLoansMember2022-03-310001702750by:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:DoubtfulMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:FairValueInputsLevel2Memberus-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:AgencySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310001702750us-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310001702750us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2022-03-310001702750by:CommercialAndIndustrialPortfolioSegmentMemberby:NonAccruingLoansMember2021-01-012021-12-310001702750us-gaap:CommercialRealEstatePortfolioSegmentMember2021-03-310001702750us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FairValueInputsLevel3Member2022-03-310001702750by:ConstructionLandDevelopmentAndOtherLandPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750by:InstallmentAndOtherPortfolioSegmentMemberby:AcquiredImpairedLoansMember2022-03-310001702750us-gaap:SpecialMentionMemberby:PaycheckProtectionProgramPortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750by:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750by:AccruingLoansMember2022-01-012022-03-310001702750us-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-12-310001702750us-gaap:ResidentialPortfolioSegmentMemberus-gaap:SubstandardMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:CommercialRealEstatePortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-3100017027502021-07-012021-09-300001702750by:ConstructionLandDevelopmentAndOtherLandPortfolioSegmentMemberby:AcquiredNonImpairedLoansMember2022-03-310001702750by:CorrespondentBankMemberby:FourthAmendmentRevolvingCreditAgreementMemberby:RidgestoneMember2021-12-310001702750by:USDAGuaranteedLoansMember2022-03-310001702750by:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-3100017027502022-01-012022-03-310001702750us-gaap:RestrictedStockMember2022-01-012022-03-310001702750us-gaap:FinanceLeasesPortfolioSegmentMemberby:AcquiredNonImpairedLoansMember2021-09-300001702750us-gaap:PassMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:FinanceLeasesPortfolioSegmentMemberus-gaap:DoubtfulMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:FinanceLeasesPortfolioSegmentMember2021-01-012021-03-310001702750us-gaap:FinancialAssetPastDueMemberby:InstallmentAndOtherPortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:FairValueInputsLevel1Memberus-gaap:CarryingReportedAmountFairValueDisclosureMember2021-12-310001702750by:AccruedInterestReceivableAndOtherAssetsMember2021-12-310001702750by:AcquiredImpairedLoansMember2022-03-310001702750us-gaap:CommonStockMember2021-07-012021-09-300001702750by:ConstructionLandDevelopmentAndOtherLandPortfolioSegmentMember2022-03-310001702750us-gaap:ResidentialPortfolioSegmentMemberby:WatchMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750by:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:FairValueInputsLevel3Member2021-12-310001702750us-gaap:USStatesAndPoliticalSubdivisionsMember2021-12-310001702750by:InstallmentAndOtherPortfolioSegmentMember2022-03-310001702750by:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:SubsequentEventMember2022-04-262022-04-260001702750us-gaap:FairValueInputsLevel2Memberus-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:AgencySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2022-03-310001702750by:ConstructionLandDevelopmentAndOtherLandPortfolioSegmentMemberus-gaap:SubstandardMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:PassMemberby:PaycheckProtectionProgramPortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750by:TimeOptionsGrantsMembersrt:MaximumMemberby:BYBPlanMember2022-01-012022-03-310001702750us-gaap:CoreDepositsMember2022-03-310001702750by:TimeOptionsGrantsMembersrt:MinimumMemberby:OmnibusPlanMember2022-01-012022-03-310001702750by:PaycheckProtectionProgramPortfolioSegmentMember2021-03-310001702750us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:FairValueInputsLevel2Memberus-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2022-03-310001702750by:MetropolitanStatutoryTrustOneMemberus-gaap:JuniorSubordinatedDebtMember2022-03-310001702750us-gaap:AdditionalPaidInCapitalMember2021-07-012021-09-300001702750us-gaap:FinanceLeasesPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:CommonStockMember2022-01-012022-03-310001702750by:TimeOptionsGrantsMembersrt:MaximumMemberby:OmnibusPlanMember2022-01-012022-03-310001702750us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberby:InstallmentAndOtherPortfolioSegmentMember2022-03-310001702750by:CorrespondentBankMemberby:FourthAmendmentRevolvingCreditAgreementMemberby:RidgestoneMember2019-10-102019-10-100001702750us-gaap:TreasuryStockMember2021-09-300001702750us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMemberby:FixedInterestRateSwapTwoMember2022-03-310001702750us-gaap:FairValueInputsLevel2Memberus-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2022-03-310001702750by:AcquiredNonImpairedLoansMemberus-gaap:ResidentialPortfolioSegmentMember2021-12-310001702750by:ConstructionLandDevelopmentAndOtherLandPortfolioSegmentMemberby:AcquiredImpairedLoansMember2021-12-310001702750by:ServicingAssetsMember2022-03-310001702750us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2022-03-310001702750us-gaap:FairValueInputsLevel3Memberby:SingleIssuerTrustPreferredSecurityMemberus-gaap:FairValueMeasurementsRecurringMember2022-01-012022-03-310001702750us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-01-012022-03-310001702750by:PaycheckProtectionProgramPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:MeasurementInputPrepaymentRateMemberby:ServicingAssetsMemberus-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:FairValueMeasurementsRecurringMember2022-03-310001702750us-gaap:CommercialRealEstatePortfolioSegmentMember2022-03-310001702750us-gaap:PreferredStockMember2021-03-310001702750us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310001702750us-gaap:SpecialMentionMemberus-gaap:ResidentialPortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750srt:MaximumMemberby:BYBPlanMember2014-10-310001702750by:ConstructionLandDevelopmentAndOtherLandPortfolioSegmentMember2022-01-012022-03-310001702750us-gaap:FinanceLeasesPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:SubordinatedDebtMemberby:FixedToFloatingSubordinateNotesMatureOnFirstJulyTwoThousandThirtyMember2020-12-310001702750by:InstallmentAndOtherPortfolioSegmentMemberby:WatchMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750by:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:DoubtfulMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:FinanceLeasesPortfolioSegmentMemberby:WatchMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750by:NonAgencyResidentialMortgageBackedSecuritiesMember2021-12-310001702750us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-10-012021-12-310001702750us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:AdditionalPaidInCapitalMember2020-12-310001702750us-gaap:FinanceLeasesPortfolioSegmentMemberus-gaap:SubstandardMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:ResidentialPortfolioSegmentMemberus-gaap:SubstandardMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:FairValueInputsLevel2Memberus-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310001702750us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMemberus-gaap:FairValueInputsLevel3Member2022-03-3100017027502020-12-310001702750us-gaap:FinanceLeasesPortfolioSegmentMemberus-gaap:SpecialMentionMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:SubstandardMemberby:InstallmentAndOtherPortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:FinanceLeasesPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2022-03-310001702750us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750by:AgencyResidentialMortgageBackedSecuritiesMember2021-12-310001702750by:CorrespondentBankMemberby:FourthAmendmentRevolvingCreditAgreementMemberby:RidgestoneMember2022-03-310001702750by:AgencyCommercialMortgageBackedSecuritiesMember2022-03-310001702750us-gaap:CommonStockMember2021-01-012021-03-310001702750us-gaap:ResidentialPortfolioSegmentMember2022-01-012022-03-310001702750us-gaap:RetainedEarningsMember2021-09-300001702750us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:SubordinatedDebtMemberby:FixedToFloatingSubordinateNotesMatureOnFirstJulyTwoThousandThirtyMemberby:ThreeMonthSecuredOvernightFinancingRatePlusFiveEightyEightBasisPointsMember2022-01-012022-03-310001702750us-gaap:FairValueInputsLevel3Memberus-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310001702750by:CommercialAndIndustrialPortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:AdditionalPaidInCapitalMember2022-01-012022-03-310001702750us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:ResidentialPortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750by:AcquiredNonImpairedLoansMember2021-12-310001702750us-gaap:ResidentialPortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:FinanceLeasesPortfolioSegmentMemberby:OriginatedLoansMember2021-12-310001702750us-gaap:AdditionalPaidInCapitalMember2021-12-310001702750us-gaap:JuniorSubordinatedDebtMember2021-12-310001702750by:ConstructionLandDevelopmentAndOtherLandPortfolioSegmentMember2021-03-310001702750us-gaap:ResidentialPortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-01-012022-03-310001702750us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2021-12-310001702750by:CollectivelyEvaluatedForImpairmentMember2021-01-012021-03-310001702750us-gaap:ResidentialPortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-01-012021-03-310001702750us-gaap:SpecialMentionMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:SubordinatedDebtMemberby:FixedToFloatingSubordinateNotesMatureOnFirstJulyTwoThousandThirtyMember2020-01-012020-12-310001702750us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMemberus-gaap:FairValueInputsLevel3Member2021-12-310001702750us-gaap:CommercialRealEstatePortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-01-012021-03-310001702750by:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2022-03-310001702750by:CommercialAndIndustrialPortfolioSegmentMember2020-12-310001702750by:PaycheckProtectionProgramPortfolioSegmentMemberus-gaap:DoubtfulMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750by:InstallmentAndOtherPortfolioSegmentMember2021-03-310001702750by:BYBPlanMember2014-10-012014-10-300001702750by:PaycheckProtectionProgramPortfolioSegmentMemberus-gaap:SubstandardMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750by:ConstructionLandDevelopmentAndOtherLandPortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMemberby:FixedInterestRateSwapFourMember2022-03-310001702750us-gaap:RestrictedStockMemberus-gaap:CommonStockMember2022-03-310001702750us-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:AgencySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310001702750us-gaap:CustomerRelationshipsMember2022-01-012022-03-310001702750us-gaap:LondonInterbankOfferedRateLIBORMemberby:CorrespondentBankMemberby:AmendedCreditAgreementMemberby:RidgestoneMember2019-10-102019-10-100001702750us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberby:InstallmentAndOtherPortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:ResidentialPortfolioSegmentMember2021-01-012021-03-310001702750us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2022-03-310001702750by:ServicingAssetsMember2021-12-310001702750us-gaap:FinanceLeasesPortfolioSegmentMemberby:OriginatedLoansMember2021-09-300001702750by:FirstEvanstonBancorpIncStockIncentivePlanMember2021-01-012021-12-310001702750us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberby:PaycheckProtectionProgramPortfolioSegmentMember2021-03-310001702750by:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:OtherCreditDerivativesMember2021-01-012021-03-310001702750us-gaap:FairValueInputsLevel2Memberus-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310001702750us-gaap:FinancialAssetPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750by:CommercialAndIndustrialPortfolioSegmentMemberby:OriginatedLoansMember2021-12-310001702750us-gaap:FinancingReceivables60To89DaysPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:PassMemberus-gaap:ResidentialPortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750by:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:FinancingReceivables30To59DaysPastDueMemberby:InstallmentAndOtherPortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:ResidentialPortfolioSegmentMemberby:WatchMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750by:NonAgencySecuritiesMemberus-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310001702750by:ThreeMonthLondonInterbankOfferedRateMemberby:MetropolitanStatutoryTrustOneMemberus-gaap:JuniorSubordinatedDebtMember2021-01-012021-12-310001702750us-gaap:DoubtfulMemberby:InstallmentAndOtherPortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:FinanceLeasesPortfolioSegmentMemberby:WatchMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:CustomerRelationshipsMember2021-01-012021-03-310001702750us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FairValueInputsLevel3Member2021-12-310001702750by:PaycheckProtectionProgramPortfolioSegmentMemberby:OriginatedLoansMember2021-12-310001702750by:CommercialAndIndustrialPortfolioSegmentMemberby:WatchMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:FinanceLeasesPortfolioSegmentMember2020-12-310001702750us-gaap:CommitmentsToExtendCreditMember2021-01-012021-12-310001702750us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMember2022-03-310001702750us-gaap:RestrictedStockMemberby:OmnibusPlanMember2022-01-012022-03-310001702750us-gaap:TreasuryStockMember2021-03-310001702750by:AcquiredNonImpairedLoansMemberby:PaycheckProtectionProgramPortfolioSegmentMember2021-12-310001702750by:PaycheckProtectionProgramPortfolioSegmentMember2021-12-310001702750us-gaap:AdditionalPaidInCapitalMember2021-03-310001702750us-gaap:AdditionalPaidInCapitalMember2021-01-012021-03-310001702750srt:MaximumMember2022-01-012022-03-310001702750us-gaap:TreasuryStockMember2021-10-012021-12-310001702750us-gaap:InvestmentsMember2021-03-310001702750us-gaap:RestrictedStockMemberby:ThirdAnniversaryOfGrantDateMemberus-gaap:CommonStockMember2022-01-012022-03-310001702750us-gaap:FairValueInputsLevel2Memberus-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:AgencySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2022-03-310001702750us-gaap:FairValueInputsLevel1Memberus-gaap:CarryingReportedAmountFairValueDisclosureMember2022-03-310001702750by:CommercialAndIndustrialPortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-01-012022-03-310001702750us-gaap:FinanceLeasesPortfolioSegmentMemberby:AcquiredNonImpairedLoansMember2022-03-310001702750by:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-03-310001702750by:OtherRealEstateOwnedPortfolioSegmentMember2021-12-310001702750us-gaap:USGovernmentAgenciesDebtSecuritiesMember2021-12-3100017027502021-06-300001702750by:OriginatedLoansMemberus-gaap:ResidentialPortfolioSegmentMember2022-03-310001702750us-gaap:MutualFundMemberus-gaap:FairValueMeasurementsRecurringMember2022-03-310001702750us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-12-310001702750us-gaap:FinanceLeasesPortfolioSegmentMember2021-03-310001702750us-gaap:AdditionalPaidInCapitalMember2021-10-012021-12-310001702750us-gaap:FinanceLeasesPortfolioSegmentMemberus-gaap:PassMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750by:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2021-03-310001702750us-gaap:FairValueInputsLevel1Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-03-310001702750by:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:FairValueInputsLevel1Memberus-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310001702750us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2022-01-012022-03-310001702750by:AcquiredNonImpairedLoansMemberby:PaycheckProtectionProgramPortfolioSegmentMember2022-03-310001702750by:ServicingAssetsMembersrt:MinimumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueMeasurementsRecurringMember2022-03-310001702750us-gaap:AdditionalPaidInCapitalMember2022-03-310001702750by:InstallmentAndOtherPortfolioSegmentMember2020-12-310001702750us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:ResidentialPortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:FinanceLeasesPortfolioSegmentMemberby:AcquiredNonImpairedLoansMember2021-12-310001702750by:PerformanceBasedRestrictedSharesMember2022-01-012022-03-310001702750by:PaycheckProtectionProgramPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:AdditionalPaidInCapitalMember2021-06-300001702750us-gaap:MutualFundMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310001702750us-gaap:MeasurementInputPrepaymentRateMemberby:ServicingAssetsMembersrt:MinimumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2022-03-310001702750us-gaap:LoansInsuredOrGuaranteedByUsGovernmentAuthoritiesMember2021-12-310001702750us-gaap:AdditionalPaidInCapitalMember2021-04-012021-06-300001702750us-gaap:RestrictedStockMember2021-01-012021-03-310001702750by:NonAccruingLoansMember2022-01-012022-03-310001702750by:OtherInterestRateDerivativesMemberus-gaap:NondesignatedMember2021-12-310001702750by:USDAGuaranteedLoansMember2021-12-310001702750us-gaap:SeriesBPreferredStockMember2016-01-012016-12-310001702750us-gaap:OtherCreditDerivativesMember2022-01-012022-03-310001702750us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750by:OriginatedLoansMemberby:InstallmentAndOtherPortfolioSegmentMember2022-03-310001702750us-gaap:CoreDepositsMember2021-12-310001702750us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMemberus-gaap:InterestRateSwapMember2021-12-310001702750by:WatchMemberby:InstallmentAndOtherPortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750by:ConstructionLandDevelopmentAndOtherLandPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750by:NonAgencySecuritiesMemberus-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2022-03-310001702750us-gaap:CommercialRealEstatePortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750by:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:SubstandardMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2021-03-310001702750us-gaap:SubordinatedDebtMemberby:FixedToFloatingSubordinateNotesMatureOnFirstJulyTwoThousandThirtyMember2022-01-012022-03-310001702750by:CommercialAndIndustrialPortfolioSegmentMember2022-03-310001702750us-gaap:PassMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:PreferredStockMember2021-12-310001702750us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMemberus-gaap:InterestRateSwapMember2022-03-310001702750by:ServicingAssetsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueMeasurementsRecurringMember2022-01-012022-03-310001702750us-gaap:CommonStockMember2020-12-310001702750by:OmnibusPlanMember2022-01-012022-03-310001702750us-gaap:FederalHomeLoanBankAdvancesMember2022-03-310001702750by:AcquiredNonImpairedLoansMemberby:InstallmentAndOtherPortfolioSegmentMember2021-12-310001702750us-gaap:TreasuryStockMember2020-12-310001702750us-gaap:PassMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:FinanceLeasesPortfolioSegmentMemberby:AcquiredImpairedLoansMember2021-09-300001702750us-gaap:ResidentialPortfolioSegmentMember2021-03-310001702750us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-03-310001702750by:CommercialAndIndustrialPortfolioSegmentMemberby:WatchMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:FairValueInputsLevel1Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-12-310001702750by:AccruedInterestPayableAndOtherLiabilitiesMember2022-03-310001702750us-gaap:FinanceLeasesPortfolioSegmentMember2021-09-300001702750by:ServicingAssetsMember2021-03-310001702750us-gaap:RestrictedStockMemberus-gaap:CommonStockMember2022-01-012022-03-310001702750us-gaap:SubstandardMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750by:ConstructionLandDevelopmentAndOtherLandPortfolioSegmentMemberus-gaap:SubstandardMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750by:CommercialAndIndustrialPortfolioSegmentMember2021-03-310001702750by:ConstructionLandDevelopmentAndOtherLandPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750by:AcquiredNonImpairedLoansMember2022-03-310001702750by:FixedInterestRateSwapOneMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2022-03-310001702750us-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-03-310001702750us-gaap:FinanceLeasesPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:PreferredStockMember2021-06-300001702750by:OriginatedLoansMember2021-12-310001702750us-gaap:CommonStockMember2021-09-300001702750by:MetropolitanStatutoryTrustOneMember2021-12-310001702750us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-03-3100017027502020-12-100001702750by:ConstructionLandDevelopmentAndOtherLandPortfolioSegmentMemberby:OriginatedLoansMember2022-03-310001702750by:CommercialAndIndustrialPortfolioSegmentMemberby:AcquiredImpairedLoansMember2022-03-310001702750us-gaap:CommonStockMember2022-03-310001702750by:ConstructionLandDevelopmentAndOtherLandPortfolioSegmentMember2020-12-310001702750us-gaap:FairValueInputsLevel2Memberus-gaap:CarryingReportedAmountFairValueDisclosureMember2022-03-310001702750us-gaap:FairValueInputsLevel2Memberus-gaap:CarryingReportedAmountFairValueDisclosureMember2021-12-310001702750us-gaap:LetterOfCreditMember2021-01-012021-12-310001702750us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:ResidentialPortfolioSegmentMember2021-03-310001702750us-gaap:FederalHomeLoanBankAdvancesMember2021-12-310001702750by:BYBPlanMember2021-01-012021-12-310001702750us-gaap:FinanceLeasesPortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:RetainedEarningsMember2021-12-310001702750by:ConstructionLandDevelopmentAndOtherLandPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:RestrictedStockMemberus-gaap:CommonStockMemberby:EachAnniversaryDateOfGrantVestOverThreeYearsMember2022-01-012022-03-310001702750by:ConstructionLandDevelopmentAndOtherLandPortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-03-310001702750us-gaap:CommonStockMember2021-04-012021-06-300001702750us-gaap:JuniorSubordinatedDebtMember2022-03-310001702750by:SBAGuaranteedLoansMember2022-03-310001702750us-gaap:LetterOfCreditMember2022-01-012022-03-310001702750by:ConstructionLandDevelopmentAndOtherLandPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2022-03-310001702750us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:ResidentialPortfolioSegmentMember2022-03-310001702750us-gaap:CommonStockMember2021-03-310001702750us-gaap:FairValueInputsLevel1Memberus-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2022-03-310001702750us-gaap:FinanceLeasesPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2021-03-310001702750by:SeriesBSevenPointFivePercentFixedToFloatingNonCumulativePerpetualPreferredStockMember2021-01-012021-12-310001702750us-gaap:AdditionalPaidInCapitalMember2021-09-300001702750by:CommercialAndIndustrialPortfolioSegmentMemberby:AccruingLoansMember2021-01-012021-12-310001702750us-gaap:FinanceLeasesPortfolioSegmentMemberus-gaap:PassMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:SeriesBPreferredStockMember2022-01-012022-03-310001702750by:ConstructionLandDevelopmentAndOtherLandPortfolioSegmentMember2021-12-310001702750us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:DoubtfulMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2021-03-310001702750us-gaap:MutualFundMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2021-12-310001702750by:NonAgencyResidentialMortgageBackedSecuritiesMember2022-03-310001702750by:ServicingAssetsMembersrt:MaximumMemberus-gaap:MeasurementInputExpectedTermMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2022-01-012022-03-3100017027502021-12-310001702750us-gaap:ResidentialPortfolioSegmentMemberby:AccruingLoansMember2021-01-012021-12-310001702750us-gaap:RestrictedStockMember2022-03-310001702750us-gaap:RepurchaseAgreementsMember2021-12-3100017027502021-10-012021-12-310001702750us-gaap:FairValueInputsLevel2Memberus-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMember2022-03-310001702750by:PaycheckProtectionProgramPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750srt:MinimumMemberby:PerformanceOptionsGrantsMemberby:BYBPlanMember2022-01-012022-03-310001702750by:ServicingAssetsMembersrt:MinimumMemberus-gaap:MeasurementInputExpectedTermMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2022-01-012022-03-310001702750by:CommercialAndIndustrialPortfolioSegmentMemberby:AcquiredNonImpairedLoansMember2022-03-310001702750by:ConstructionLandDevelopmentAndOtherLandPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:CorporateDebtSecuritiesMember2022-03-310001702750us-gaap:RestrictedStockMemberby:OmnibusPlanMember2021-12-310001702750us-gaap:CommercialRealEstatePortfolioSegmentMemberby:AcquiredImpairedLoansMember2022-03-310001702750by:AgencyResidentialMortgageBackedSecuritiesMember2022-03-310001702750us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:AgencySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310001702750us-gaap:FinanceLeasesPortfolioSegmentMemberus-gaap:SubstandardMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:SubstandardMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:CustomerRelationshipsMember2021-03-310001702750us-gaap:CoreDepositsMember2021-03-310001702750us-gaap:FinancingReceivables30To59DaysPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:FinanceLeasesPortfolioSegmentMember2021-12-310001702750us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750by:BYBPlanMember2022-03-310001702750us-gaap:FinanceLeasesPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750by:NonAccruingLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-01-012022-03-310001702750us-gaap:RestrictedStockMemberby:OmnibusPlanMember2022-03-310001702750us-gaap:FairValueInputsLevel3Memberus-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2022-03-310001702750by:CommercialAndIndustrialPortfolioSegmentMemberby:OriginatedLoansMember2022-03-310001702750by:InstallmentAndOtherPortfolioSegmentMember2021-12-310001702750by:OriginatedLoansMemberby:InstallmentAndOtherPortfolioSegmentMember2021-12-310001702750us-gaap:DoubtfulMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:CoreDepositsMember2021-01-012021-03-310001702750by:PaycheckProtectionProgramPortfolioSegmentMemberby:OriginatedLoansMember2022-03-310001702750us-gaap:USTreasurySecuritiesMember2022-03-310001702750by:OtherInterestRateDerivativesMember2021-09-300001702750us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750by:WatchMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:OtherCreditDerivativesMember2021-12-310001702750by:ServicingAssetsMemberus-gaap:MeasurementInputExpectedTermMemberus-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:FairValueMeasurementsRecurringMember2022-01-012022-03-310001702750us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:MutualFundMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2022-03-310001702750us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2021-12-310001702750by:PaycheckProtectionProgramPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:AvailableforsaleSecuritiesMember2022-03-310001702750by:ServicingAssetsMemberus-gaap:MeasurementInputExpectedTermMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2022-01-012022-03-310001702750us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-09-300001702750us-gaap:ResidentialRealEstateMember2022-03-310001702750srt:MinimumMemberus-gaap:FairValueInputsLevel3Memberby:SingleIssuerTrustPreferredSecurityMemberus-gaap:FairValueMeasurementsRecurringMember2022-03-310001702750us-gaap:RetainedEarningsMember2021-01-012021-03-310001702750us-gaap:AssetBackedSecuritiesMember2022-03-310001702750us-gaap:FinancialAssetPastDueMemberby:InstallmentAndOtherPortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750by:InstallmentAndOtherPortfolioSegmentMember2022-01-012022-03-310001702750srt:MaximumMemberus-gaap:FairValueInputsLevel3Memberby:SingleIssuerTrustPreferredSecurityMemberus-gaap:FairValueMeasurementsRecurringMember2022-03-310001702750by:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:SpecialMentionMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750by:NonAccruingLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-01-012021-12-310001702750us-gaap:RetainedEarningsMember2021-03-310001702750us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-01-012021-03-310001702750us-gaap:FinancialAssetNotPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750by:ConstructionLandDevelopmentAndOtherLandPortfolioSegmentMemberby:WatchMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:PreferredStockMember2021-09-300001702750us-gaap:DoubtfulMemberby:InstallmentAndOtherPortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:FairValueInputsLevel3Member2022-03-310001702750us-gaap:FinanceLeasesPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750by:PaycheckProtectionProgramPortfolioSegmentMemberus-gaap:SubstandardMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:CustomerRelationshipsMember2020-12-310001702750by:PaycheckProtectionProgramPortfolioSegmentMember2022-03-310001702750us-gaap:PrimeRateMemberby:CorrespondentBankMemberby:AmendedCreditAgreementMemberby:RidgestoneMember2019-10-102019-10-1000017027502021-03-310001702750us-gaap:SpecialMentionMemberby:InstallmentAndOtherPortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:InterestRateSwapMember2022-01-012022-03-310001702750us-gaap:SpecialMentionMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750by:CommercialAndIndustrialPortfolioSegmentMember2021-01-012021-03-310001702750by:InstallmentAndOtherPortfolioSegmentMemberby:AcquiredImpairedLoansMember2021-12-310001702750us-gaap:FinancialAssetNotPastDueMemberby:InstallmentAndOtherPortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:CommonStockMember2021-12-310001702750us-gaap:FinanceLeasesPortfolioSegmentMemberus-gaap:SpecialMentionMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:BankServicingMember2021-01-012021-03-310001702750us-gaap:FinanceLeasesPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:CorporateDebtSecuritiesMember2021-12-310001702750by:IndividuallyEvaluatedForImpairmentMember2022-01-012022-03-3100017027502021-01-012021-12-310001702750us-gaap:RetainedEarningsMember2021-10-012021-12-310001702750us-gaap:RetainedEarningsMember2022-03-310001702750us-gaap:SpecialMentionMemberby:InstallmentAndOtherPortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750by:CommercialAndIndustrialPortfolioSegmentMember2022-01-012022-03-310001702750by:AcquiredImpairedLoansMember2021-01-012021-03-310001702750us-gaap:SpecialMentionMemberby:PaycheckProtectionProgramPortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750by:ConstructionLandDevelopmentAndOtherLandPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:FinanceLeasesPortfolioSegmentMember2022-01-012022-03-310001702750us-gaap:InvestmentsMember2021-12-310001702750by:ConstructionLandDevelopmentAndOtherLandPortfolioSegmentMemberus-gaap:PassMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:FairValueInputsLevel3Member2021-12-310001702750us-gaap:FinanceLeasesPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:FairValueInputsLevel2Memberus-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2022-03-310001702750by:ServicingAssetsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputDiscountRateMembersrt:WeightedAverageMemberus-gaap:FairValueMeasurementsRecurringMember2022-03-310001702750by:OtherRealEstateOwnedPortfolioSegmentMember2022-03-310001702750by:ConstructionLandDevelopmentAndOtherLandPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:CommercialRealEstatePortfolioSegmentMember2021-12-310001702750by:ConstructionLandDevelopmentAndOtherLandPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMemberby:FixedInterestRateSwapThreeMember2022-03-310001702750us-gaap:FinanceLeasesPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:InvestmentsMember2022-03-310001702750us-gaap:RetainedEarningsMember2021-06-300001702750us-gaap:ResidentialPortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FairValueInputsLevel3Member2021-12-310001702750us-gaap:FairValueMeasurementsRecurringMember2022-03-310001702750by:TimeOptionsGrantsMembersrt:MinimumMemberby:BYBPlanMember2022-01-012022-03-310001702750us-gaap:ResidentialPortfolioSegmentMemberby:AcquiredImpairedLoansMember2021-12-310001702750by:MetropolitanStatutoryTrustOneMemberus-gaap:JuniorSubordinatedDebtMember2022-01-012022-03-310001702750us-gaap:CommercialRealEstatePortfolioSegmentMemberby:AccruingLoansMember2022-01-012022-03-310001702750by:OriginatedLoansMemberus-gaap:ResidentialPortfolioSegmentMember2021-12-310001702750us-gaap:USGovernmentAgenciesDebtSecuritiesMember2022-03-310001702750by:PaycheckProtectionProgramPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:CoreDepositsMember2020-12-310001702750by:AvailableFederalFundsLineMember2022-03-310001702750srt:MaximumMemberby:PerformanceOptionsGrantsMemberby:BYBPlanMember2022-01-012022-03-310001702750by:ConstructionLandDevelopmentAndOtherLandPortfolioSegmentMemberby:AcquiredImpairedLoansMember2022-03-310001702750us-gaap:AssetBackedSecuritiesMember2021-12-310001702750by:OriginatedLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-12-310001702750us-gaap:FinancialAssetPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750by:InstallmentAndOtherPortfolioSegmentMember2021-01-012021-03-310001702750us-gaap:FairValueInputsLevel2Memberby:NonAgencySecuritiesMemberus-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310001702750us-gaap:CommonStockMember2021-10-012021-12-310001702750by:AcquiredNonImpairedAndOriginatedLoansMember2021-01-012021-03-310001702750us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-03-310001702750by:FirstEvanstonBancorpTrustOneMemberus-gaap:JuniorSubordinatedDebtMember2021-12-310001702750us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2022-01-012022-03-310001702750us-gaap:FinancingReceivables30To59DaysPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750by:ConstructionLandDevelopmentAndOtherLandPortfolioSegmentMemberby:AcquiredNonImpairedLoansMember2021-12-310001702750by:OtherInterestRateDerivativesMemberus-gaap:NondesignatedMember2022-03-310001702750by:OtherRealEstateOwnedPortfolioSegmentMemberus-gaap:FairValueInputsLevel3Member2021-12-310001702750by:ConstructionLandDevelopmentAndOtherLandPortfolioSegmentMemberus-gaap:PassMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:ResidentialPortfolioSegmentMember2020-12-310001702750srt:MinimumMember2022-01-012022-03-310001702750us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberby:PaycheckProtectionProgramPortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:RetainedEarningsMember2022-01-012022-03-310001702750by:TimeOptionsGrantsMemberby:BYBPlanMember2022-01-012022-03-310001702750by:SBAGuaranteedLoansMember2021-12-310001702750by:CorrespondentBankMemberby:FourthAmendmentRevolvingCreditAgreementMemberby:RidgestoneMember2022-01-012022-03-310001702750by:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:SpecialMentionMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750by:FirstEvanstonBancorpTrustOneMemberus-gaap:JuniorSubordinatedDebtMember2022-03-310001702750us-gaap:PassMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:ResidentialPortfolioSegmentMemberby:AcquiredImpairedLoansMember2022-03-310001702750by:FederalReserveBankOfChicagoDiscountWindowLineMember2022-03-310001702750by:FirstEvanstonBancorpTrustOneMemberus-gaap:JuniorSubordinatedDebtMember2022-01-012022-03-310001702750us-gaap:TreasuryStockMember2021-04-012021-06-300001702750us-gaap:FairValueInputsLevel2Memberus-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310001702750us-gaap:MortgageBackedSecuritiesMember2022-03-3100017027502022-05-020001702750us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:TreasuryStockMember2021-06-300001702750us-gaap:FairValueInputsLevel2Memberby:NonAgencySecuritiesMemberus-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2022-03-310001702750us-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-12-310001702750us-gaap:FairValueInputsLevel2Memberus-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2022-03-310001702750us-gaap:InvestmentsMember2020-12-310001702750us-gaap:USStatesAndPoliticalSubdivisionsMember2022-03-310001702750us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2020-12-310001702750us-gaap:FederalHomeLoanBankAdvancesMember2021-12-310001702750by:ThreeMonthLondonInterbankOfferedRateMemberus-gaap:JuniorSubordinatedDebtMemberby:FirstEvanstonBancorpTrustOneMember2022-01-012022-03-310001702750us-gaap:FinancingReceivables60To89DaysPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:TreasuryStockMember2021-12-310001702750by:CommercialAndIndustrialPortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-01-012021-03-310001702750by:AcquiredNonImpairedLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-03-310001702750by:CorrespondentBankMemberby:FourthAmendmentRevolvingCreditAgreementMemberby:RidgestoneMember2016-10-130001702750by:WatchMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:SpecialMentionMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750by:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:CashFlowHedgingMember2022-01-012022-03-310001702750us-gaap:TreasuryStockMember2022-03-310001702750us-gaap:CommercialRealEstatePortfolioSegmentMemberby:WatchMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750by:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:SubstandardMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:FairValueInputsLevel2Memberus-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:AgencySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310001702750by:CommercialAndIndustrialPortfolioSegmentMemberby:AccruingLoansMember2022-01-012022-03-310001702750us-gaap:SpecialMentionMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:CommercialRealEstatePortfolioSegmentMember2020-12-310001702750us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMemberby:FixedInterestsRateSwapFiveMember2022-03-310001702750us-gaap:DoubtfulMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:CommercialRealEstatePortfolioSegmentMemberby:AcquiredImpairedLoansMember2021-12-310001702750us-gaap:BankServicingMember2022-01-012022-03-310001702750by:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750by:EachAnniversaryDateOfGrantVestOverFourYearsMemberus-gaap:RestrictedStockMemberus-gaap:CommonStockMember2022-01-012022-03-310001702750by:CommercialAndIndustrialPortfolioSegmentMemberby:AcquiredNonImpairedLoansMember2021-12-3100017027502021-04-012021-06-300001702750by:PublicFundDepositsMember2022-03-310001702750us-gaap:ResidentialPortfolioSegmentMemberus-gaap:DoubtfulMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:ResidentialPortfolioSegmentMemberby:AccruingLoansMember2022-01-012022-03-310001702750us-gaap:USTreasurySecuritiesMember2021-12-310001702750us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FairValueInputsLevel3Member2022-03-310001702750by:CommercialAndIndustrialPortfolioSegmentMember2021-12-310001702750us-gaap:PassMemberus-gaap:ResidentialPortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:TreasuryStockMember2021-07-012021-09-300001702750us-gaap:CashFlowHedgingMemberby:OtherInterestRateDerivativesMember2022-03-310001702750us-gaap:SpecialMentionMemberus-gaap:ResidentialPortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750by:ConstructionLandDevelopmentAndOtherLandPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:OtherCreditDerivativesMemberus-gaap:NondesignatedMember2022-03-310001702750us-gaap:ResidentialPortfolioSegmentMember2021-12-310001702750us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310001702750by:ConstructionLandDevelopmentAndOtherLandPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2021-03-310001702750us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberby:InstallmentAndOtherPortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750by:ServicingAssetsMember2022-01-012022-03-310001702750us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-04-012021-06-300001702750by:AgencyCommercialMortgageBackedSecuritiesMember2021-12-310001702750us-gaap:SeriesBPreferredStockMember2022-02-152022-02-150001702750us-gaap:CommitmentsToExtendCreditMember2022-01-012022-03-310001702750us-gaap:SubstandardMemberby:InstallmentAndOtherPortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:FinancingReceivables60To89DaysPastDueMemberby:InstallmentAndOtherPortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:LondonInterbankOfferedRateLIBORMember2022-03-310001702750by:ConstructionLandDevelopmentAndOtherLandPortfolioSegmentMemberby:WatchMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750by:OmnibusPlanMember2017-06-3000017027502021-07-270001702750us-gaap:FinanceLeasesPortfolioSegmentMember2022-03-310001702750us-gaap:RepurchaseAgreementsMember2022-03-310001702750by:OtherInterestRateDerivativesMember2022-01-012022-03-310001702750us-gaap:RetainedEarningsMember2021-04-012021-06-300001702750us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2021-01-012021-03-310001702750us-gaap:FinancingReceivables30To59DaysPastDueMemberby:InstallmentAndOtherPortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750by:AcquiredNonImpairedAndOriginatedLoansMember2022-01-012022-03-310001702750by:AcquiredImpairedLoansMember2021-12-310001702750by:FederalReserveBankOfChicagoDiscountWindowLineMember2021-12-310001702750us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310001702750by:OriginatedLoansMember2022-03-310001702750by:SeriesBSevenPointFivePercentFixedToFloatingNonCumulativePerpetualPreferredStockMember2022-01-012022-03-310001702750us-gaap:FairValueInputsLevel3Memberby:SingleIssuerTrustPreferredSecurityMembersrt:WeightedAverageMemberus-gaap:FairValueMeasurementsRecurringMember2022-03-310001702750us-gaap:ResidentialRealEstateMember2021-12-310001702750us-gaap:FairValueInputsLevel2Memberus-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310001702750by:FirstEvanstonBancorpIncStockIncentivePlanMember2022-01-012022-03-310001702750us-gaap:FairValueInputsLevel2Memberus-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310001702750us-gaap:CommonStockMember2021-06-300001702750us-gaap:PassMemberby:InstallmentAndOtherPortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberby:InstallmentAndOtherPortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:OtherCreditDerivativesMemberus-gaap:NondesignatedMember2021-12-310001702750us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberby:PaycheckProtectionProgramPortfolioSegmentMember2022-03-310001702750by:PaycheckProtectionProgramPortfolioSegmentMember2020-12-310001702750us-gaap:TreasuryStockMember2022-01-012022-03-310001702750by:OtherInterestRateDerivativesMember2021-01-012021-03-310001702750us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberby:PaycheckProtectionProgramPortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310001702750by:FirstEvanstonBancorpTrustOneMember2021-12-310001702750us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2021-01-012021-03-310001702750by:CollectivelyEvaluatedForImpairmentMember2022-01-012022-03-310001702750us-gaap:USTreasuryNotesSecuritiesMember2021-12-310001702750by:PaycheckProtectionProgramPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:FinancialAssetNotPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-06-3000017027502021-01-012021-03-310001702750by:BYBPlanMember2022-01-012022-03-310001702750us-gaap:EmployeeStockOptionMember2021-01-012021-03-310001702750us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:TreasuryStockMember2021-01-012021-03-310001702750us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750by:MetropolitanStatutoryTrustOneMemberus-gaap:JuniorSubordinatedDebtMember2021-12-310001702750us-gaap:EmployeeStockOptionMember2022-01-012022-03-310001702750by:InstallmentAndOtherPortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:PassMemberby:InstallmentAndOtherPortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2020-12-310001702750us-gaap:FairValueMeasurementsRecurringMember2021-12-310001702750us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-12-310001702750us-gaap:MeasurementInputPrepaymentRateMemberby:ServicingAssetsMembersrt:MaximumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2022-03-310001702750us-gaap:FinanceLeasesPortfolioSegmentMemberby:AcquiredImpairedLoansMember2021-12-310001702750by:ThreeMonthLondonInterbankOfferedRateMemberby:MetropolitanStatutoryTrustOneMemberus-gaap:JuniorSubordinatedDebtMember2022-01-012022-03-310001702750us-gaap:PassMemberby:PaycheckProtectionProgramPortfolioSegmentMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750by:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750by:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750by:IndividuallyEvaluatedForImpairmentMember2021-01-012021-03-310001702750by:PerformanceOptionsGrantsMemberby:BYBPlanMember2022-01-012022-03-310001702750us-gaap:FinanceLeasesPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:RetainedEarningsMember2020-12-310001702750by:OriginatedLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-03-310001702750by:ConstructionLandDevelopmentAndOtherLandPortfolioSegmentMemberus-gaap:SpecialMentionMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750by:PaycheckProtectionProgramPortfolioSegmentMemberby:WatchMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:FinanceLeasesPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:FinanceLeasesPortfolioSegmentMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750us-gaap:OtherCreditDerivativesMember2022-03-310001702750us-gaap:SeriesBPreferredStockMember2022-02-150001702750us-gaap:PreferredStockMember2022-01-012022-03-310001702750by:CorrespondentBankMemberby:CreditAgreementMemberby:RidgestoneMember2016-10-130001702750us-gaap:InterestRateSwapMember2021-01-012021-03-310001702750by:ConstructionLandDevelopmentAndOtherLandPortfolioSegmentMemberus-gaap:SpecialMentionMemberby:AcquiredNonImpairedAndOriginatedLoansMember2021-12-310001702750by:NonAccruingLoansMember2021-01-012021-12-310001702750by:CommercialAndIndustrialPortfolioSegmentMemberby:AcquiredImpairedLoansMember2021-12-310001702750by:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:PassMemberby:AcquiredNonImpairedAndOriginatedLoansMember2022-03-310001702750us-gaap:CashFlowHedgingMember2022-03-310001702750by:AcquiredNonImpairedLoansMemberby:InstallmentAndOtherPortfolioSegmentMember2022-03-310001702750srt:MinimumMember2022-03-31xbrli:pureby:Segmentxbrli:sharesiso4217:USDxbrli:sharesby:Securityby:Loaniso4217:USD

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 10-Q

 

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2022

OR

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ______to ______

Commission File Number 001-38139

 

 

img60409429_0.jpg 

Byline Bancorp, Inc.

(Exact Name of Registrant as Specified in Its Charter)

 

 

Delaware

 

36-3012593

(State or Other Jurisdiction of

Incorporation or Organization)

 

(IRS Employer

Identification Number)

 

180 North LaSalle Street, Suite 300

Chicago, Illinois 60601

(Address of Principal Executive Offices)

(773) 244-7000

(Registrant’s telephone number, including area code)

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes No

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer”, “accelerated filer”, “smaller reporting company”, and “emerging growth company” in Rule 12b-2 of the Securities Exchange Act of 1934.

 

Large accelerated filer

 

Accelerated filer

Non-accelerated filer

 

Smaller reporting company

 

 

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes No

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

Trading Symbol

Name of each exchange on which registered

Common Stock

BY

New York Stock Exchange

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date:

Common Stock, $0.01 par value, 37,798,160 shares outstanding as of May 2, 2022

 

 

 


BYLINE BANCORP, INC.

FORM 10-Q

March 31, 2022

INDEX

 

 

 

 

 

Page

 

 

 

 

 

PART I.

 

FINANCIAL INFORMATION

 

3

Item 1.

 

Financial Statements. The Unaudited Interim Condensed Consolidated Financial Statements of Byline Bancorp, Inc. filed as part of the report:

 

3

 

 

Notes to Unaudited Interim Condensed Consolidated Financial Statements

 

10

Item 2.

 

Management’s Discussion and Analysis of Financial Condition and Results of Operations

 

42

Item 3.

 

Quantitative and Qualitative Disclosures about Market Risk

 

71

Item 4.

 

Controls and Procedures

 

72

 

 

 

 

 

PART II.

 

OTHER INFORMATION

 

73

Item 1.

 

Legal Proceedings

 

73

Item 1A.

 

Risk Factors

 

73

Item 2.

 

Unregistered Sales of Equity Securities and Use of Proceeds

 

73

Item 3.

 

Defaults Upon Senior Securities

 

73

Item 4.

 

Mine Safety Disclosures

 

73

Item 5.

 

Other Information

 

73

Item 6.

 

Exhibits

 

74

 

 

 

2


 

PART I – FINANCIAL INFORMATION

Item 1. Financial Statements

BYLINE BANCORP, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

(UNAUDITED)

 

 

 

 

 

 

 

 

(dollars in thousands, except share data)

 

March 31, 2022

 

 

December 31, 2021

 

ASSETS

 

 

 

 

 

 

Cash and due from banks

 

$

48,015

 

 

$

35,247

 

Interest bearing deposits with other banks

 

 

105,564

 

 

 

122,684

 

Cash and cash equivalents

 

 

153,579

 

 

 

157,931

 

Equity and other securities, at fair value

 

 

10,677

 

 

 

10,578

 

Securities available-for-sale, at fair value

 

 

1,369,368

 

 

 

1,454,542

 

Securities held-to-maturity, at amortized cost (fair value at March 31, 2022—$3,906, December 31, 2021 —$3,992)

 

 

3,882

 

 

 

3,885

 

Restricted stock, at cost

 

 

13,977

 

 

 

22,002

 

Loans held for sale

 

 

39,520

 

 

 

64,460

 

Loans and leases:

 

 

 

 

 

 

Loans and leases

 

 

4,789,068

 

 

 

4,537,128

 

Allowance for loan and lease losses

 

 

(59,458

)

 

 

(55,012

)

Net loans and leases

 

 

4,729,610

 

 

 

4,482,116

 

Servicing assets, at fair value

 

 

24,497

 

 

 

23,744

 

Premises and equipment, net

 

 

62,281

 

 

 

62,548

 

Other real estate owned, net

 

 

2,221

 

 

 

2,112

 

Goodwill and other intangible assets, net

 

 

163,962

 

 

 

165,558

 

Bank-owned life insurance

 

 

80,604

 

 

 

80,039

 

Deferred tax assets, net

 

 

67,335

 

 

 

50,329

 

Accrued interest receivable and other assets

 

 

113,123

 

 

 

116,328

 

Total assets

 

$

6,834,636

 

 

$

6,696,172

 

LIABILITIES AND STOCKHOLDERS’ EQUITY

 

 

 

 

 

 

LIABILITIES

 

 

 

 

 

 

Non-interest-bearing demand deposits

 

$

2,281,612

 

 

$

2,158,420

 

Interest-bearing deposits

 

 

3,248,490

 

 

 

2,996,627

 

Total deposits

 

 

5,530,102

 

 

 

5,155,047

 

Other borrowings

 

 

311,450

 

 

 

519,723

 

Subordinated notes, net

 

 

73,560

 

 

 

73,517

 

Junior subordinated debentures issued to capital trusts, net

 

 

37,011

 

 

 

36,906

 

Accrued interest payable and other liabilities

 

 

93,842

 

 

 

74,597

 

Total liabilities

 

 

6,045,965

 

 

 

5,859,790

 

STOCKHOLDERS’ EQUITY

 

 

 

 

 

 

Preferred stock

 

 

 

 

 

10,438

 

Common stock

 

 

388

 

 

 

387

 

Additional paid-in capital

 

 

595,006

 

 

 

593,753

 

Retained earnings

 

 

290,397

 

 

 

271,676

 

Treasury stock, at cost

 

 

(40,732

)

 

 

(31,570

)

Accumulated other comprehensive loss, net of tax

 

 

(56,388

)

 

 

(8,302

)

Total stockholders’ equity

 

 

788,671

 

 

 

836,382

 

Total liabilities and stockholders’ equity

 

$

6,834,636

 

 

$

6,696,172

 

 

 

 

March 31, 2022

 

 

December 31, 2021

 

 

 

Preferred
Shares

 

 

Common
Shares

 

 

Preferred
Shares

 

 

Common
Shares

 

Par value

 

$

0.01

 

 

$

0.01

 

 

$

0.01

 

 

$

0.01

 

Shares authorized

 

 

50,000

 

 

 

150,000,000

 

 

 

50,000

 

 

 

150,000,000

 

Shares issued

 

 

 

 

 

39,534,816

 

 

 

10,438

 

 

 

39,203,747

 

Shares outstanding

 

 

 

 

 

37,811,582

 

 

 

10,438

 

 

 

37,713,903

 

Treasury shares

 

 

 

 

 

1,723,234

 

 

 

 

 

 

1,489,844

 

 

See accompanying Notes to Unaudited Interim Condensed Consolidated Financial Statements.

3


 

BYLINE BANCORP, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(UNAUDITED)

 

 

 

Three Months Ended

 

 

 

March 31,

 

(dollars in thousands, except share and per share data)

 

2022

 

 

2021

 

INTEREST AND DIVIDEND INCOME

 

 

 

 

 

 

Interest and fees on loans and leases

 

$

55,426

 

 

$

53,808

 

Interest on securities

 

 

6,155

 

 

 

6,089

 

Other interest and dividend income

 

 

237

 

 

 

262

 

Total interest and dividend income

 

 

61,818

 

 

 

60,159

 

INTEREST EXPENSE

 

 

 

 

 

 

Deposits

 

 

1,087

 

 

 

1,421

 

Other borrowings

 

 

395

 

 

 

502

 

Subordinated notes and debentures

 

 

1,600

 

 

 

1,596

 

Total interest expense

 

 

3,082

 

 

 

3,519

 

Net interest income

 

 

58,736

 

 

 

56,640

 

PROVISION FOR LOAN AND LEASE LOSSES

 

 

4,995

 

 

 

4,367

 

Net interest income after provision for loan and lease losses

 

 

53,741

 

 

 

52,273

 

NON-INTEREST INCOME

 

 

 

 

 

 

Fees and service charges on deposits

 

 

1,884

 

 

 

1,664

 

Loan servicing revenue

 

 

3,380

 

 

 

2,769

 

Loan servicing asset revaluation

 

 

(1,231

)

 

 

(1,505

)

ATM and interchange fees

 

 

1,049

 

 

 

1,012

 

Net realized gains on securities available-for-sale

 

 

 

 

 

1,462

 

Change in fair value of equity securities, net

 

 

(151

)

 

 

(206

)

Net gains on sales of loans

 

 

10,827

 

 

 

8,319

 

Wealth management and trust income

 

 

1,048

 

 

 

768

 

Other non-interest income

 

 

2,620

 

 

 

1,459

 

Total non-interest income

 

 

19,426

 

 

 

15,742

 

NON-INTEREST EXPENSE

 

 

 

 

 

 

Salaries and employee benefits

 

 

28,959

 

 

 

21,806

 

Occupancy and equipment expense, net

 

 

5,128

 

 

 

5,779

 

Impairment charge on assets held for sale

 

 

 

 

 

604

 

Loan and lease related expenses

 

 

(891

)

 

 

951

 

Legal, audit and other professional fees

 

 

2,600

 

 

 

2,214

 

Data processing

 

 

3,186

 

 

 

2,755

 

Net loss recognized on other real estate owned and other related expenses

 

 

54

 

 

 

621

 

Other intangible assets amortization expense

 

 

1,596

 

 

 

1,749

 

Other non-interest expense

 

 

3,923

 

 

 

2,363

 

Total non-interest expense

 

 

44,555

 

 

 

38,842

 

INCOME BEFORE PROVISION FOR INCOME TAXES

 

 

28,612

 

 

 

29,173

 

PROVISION FOR INCOME TAXES

 

 

6,301

 

 

 

7,375

 

NET INCOME

 

 

22,311

 

 

 

21,798

 

Dividends on preferred shares

 

 

196

 

 

 

196

 

INCOME AVAILABLE TO COMMON STOCKHOLDERS

 

$

22,115

 

 

$

21,602

 

EARNINGS PER COMMON SHARE

 

 

 

 

 

 

Basic

 

$

0.60

 

 

$

0.57

 

Diluted

 

$

0.58

 

 

$

0.56

 

 

See accompanying Notes to Unaudited Interim Condensed Consolidated Financial Statements.

4


 

BYLINE BANCORP, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

(UNAUDITED)

 

 

 

Three Months Ended

 

 

 

 

March 31,

 

 

(dollars in thousands)

 

2022

 

 

2021

 

 

Net income

 

$

22,311

 

 

$

21,798

 

 

Securities available-for-sale

 

 

 

 

 

 

 

Unrealized holding losses arising during the period

 

 

(83,843

)

 

 

(40,131

)

 

Reclassification adjustments for net gains included in net income

 

 

 

 

 

(1,462

)

 

Tax effect

 

 

22,747

 

 

 

11,582

 

 

Net of tax

 

 

(61,096

)

 

 

(30,011

)

 

Cash flow hedges

 

 

 

 

 

 

 

Unrealized holding gains arising during the period

 

 

17,643

 

 

 

4,992

 

 

Reclassification adjustments for net losses included in net income

 

 

210

 

 

 

21

 

 

Tax effect

 

 

(4,843

)

 

 

(1,396

)

 

Net of tax

 

 

13,010

 

 

 

3,617

 

 

Total other comprehensive loss

 

 

(48,086

)

 

 

(26,394

)

 

Comprehensive loss

 

$

(25,775

)

 

$

(4,596

)

 

 

See accompanying Notes to Unaudited Interim Condensed Consolidated Financial Statements.

5


 

BYLINE BANCORP, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY

(UNAUDITED)

 

 

 

 

 

 

 

 

 

 

 

 

Additional

 

 

 

 

 

 

 

 

Accumulated
Other

 

 

Total

 

(dollars in thousands,

 

Preferred Stock

 

 

Common Stock

 

 

Paid-In

 

 

Retained

 

 

Treasury

 

 

Comprehensive

 

 

Stockholders’

 

except share data)

 

Shares

 

Amount

 

 

Shares

 

Amount

 

 

Capital

 

 

Earnings

 

 

Stock

 

 

Income (Loss)

 

 

Equity

 

Balance, January 1, 2021

 

 

10,438

 

$

10,438

 

 

 

38,618,054

 

$

384

 

 

$

587,165

 

 

$

191,098

 

 

$

(1,668

)

 

$

18,047

 

 

$

805,464

 

Net income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

21,798