v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
ASSETS:    
Cash and due from banks $ 71,529 $ 96,508
Interest-bearing deposits with banks 276,041 277,005
Federal funds sold 17,526 14,057
Total cash and cash equivalents 365,096 387,570
Securities available-for-sale, at fair value 502,150 482,328
Securities held-to-maturity (fair value of $108.1 million at June 30, 2025 and Dec. 31, 2024, respectively) 124,520 126,659
Other investments 14,713 14,740
Loans held for sale 5,484 5,996
Total loans and leases 4,124,062 3,906,340
Less: Allowance for credit losses (39,776) (37,423)
Loans and leases, net 4,084,286 3,868,917
Premises and equipment, net 90,204 91,093
Other real estate owned 144 179
Goodwill and other intangibles, net 103,588 104,723
Bank owned life insurance 117,697 115,917
Other assets 82,981 77,782
Total assets 5,490,863 5,275,904
Deposits:    
Noninterest-bearing demand 906,965 965,552
Interest-bearing demand 843,820 836,731
Money market and savings 2,124,623 2,039,560
Time deposits 996,712 844,640
Total deposits 4,872,120 4,686,483
Borrowings 6,966 8,135
Subordinated debt 39,726 39,684
Other liabilities 52,924 50,141
Total liabilities 4,971,736 4,784,443
Commitments and contingent liabilities
Shareholders' equity:    
Preferred stock, $1 par value; 2,000,000 shares authorized; No shares issued and outstanding
Common stock, $1 par value; 40,000,000 shares authorized; 17,017,547 and 16,925,672 shares issued and outstanding, respectively 17,018 16,926
Additional paid-in capital 295,209 294,269
Retained earnings 224,061 203,824
Accumulated other comprehensive income (loss) (17,274) (23,671)
Total shareholders' equity attributable to SmartFinancial Inc. and Subsidiary 519,014 491,348
Non-controlling interest - preferred stock of subsidiary 113 113
Total shareholders' equity 519,127 491,461
Total liabilities and shareholders' equity $ 5,490,863 $ 5,275,904