v3.25.2
Regulatory Matters (Tables)
6 Months Ended
Jun. 30, 2025
Banking and Thrift [Abstract]  
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations

Actual and required capital levels at June 30, 2025, and December 31, 2024 are presented below (dollars in thousands):

Minimum to be

well

capitalized under

Minimum for

prompt

capital

corrective action

Actual

adequacy purposes

provisions1

    

Amount

    

Ratio

    

Amount

    

Ratio

    

Amount

    

Ratio

June 30, 2025

SmartFinancial:

Total Capital (to Risk Weighted Assets)

$

495,344

 

11.04

%  

$

359,042

 

8.00

%  

N/A

 

N/A

Tier 1 Capital (to Risk Weighted Assets)

 

433,782

 

9.67

%  

 

269,281

 

6.00

%  

N/A

 

N/A

Common Equity Tier 1 Capital (to Risk Weighted Assets)

 

433,782

 

9.67

%  

 

201,961

 

4.50

%  

N/A

 

N/A

Tier 1 Capital (to Average Assets)2

 

433,782

 

8.25

%  

 

210,421

 

4.00

%  

N/A

 

N/A

SmartBank:

Total Capital (to Risk Weighted Assets)

$

504,645

 

11.25

%  

$

358,702

 

8.00

%  

$

448,377

 

10.00

%

Tier 1 Capital (to Risk Weighted Assets)

 

466,919

 

10.41

%  

 

269,026

 

6.00

%  

 

358,702

 

8.00

%

Common Equity Tier 1 Capital (to Risk Weighted Assets)

 

466,919

 

10.41

%  

 

201,770

 

4.50

%  

 

291,445

 

6.50

%

Tier 1 Capital (to Average Assets)2

 

466,919

 

8.88

%  

 

210,261

 

4.00

%  

 

262,827

 

5.00

%

December 31, 2024

SmartFinancial:

Total Capital (to Risk Weighted Assets)

$

470,635

 

11.10

%  

$

339,044

 

8.00

%  

 

N/A

 

N/A

Tier 1 Capital (to Risk Weighted Assets)

 

413,616

 

9.76

%  

 

254,283

 

6.00

%  

 

N/A

 

N/A

Common Equity Tier 1 Capital (to Risk Weighted Assets)

 

413,616

 

9.76

%  

 

190,712

 

4.50

%  

 

N/A

 

N/A

Tier 1 Capital (to Average Assets)

 

413,616

 

8.29

%  

 

199,585

 

4.00

%  

 

N/A

 

N/A

SmartBank:

Total Capital (to Risk Weighted Assets)

$

478,368

 

11.30

%  

$

338,774

 

8.00

%  

$

423,467

 

10.00

%

Tier 1 Capital (to Risk Weighted Assets)

 

445,159

 

10.51

%  

 

254,080

 

6.00

%  

 

338,774

 

8.00

%

Common Equity Tier 1 Capital (to Risk Weighted Assets)

 

445,159

 

10.51

%  

 

190,560

 

4.50

%  

 

275,253

 

6.50

%

Tier 1 Capital (to Average Assets)

 

445,159

 

8.94

%  

 

199,214

 

4.00

%  

 

249,017

 

5.00

%

1The prompt corrective action provisions are applicable at the Bank level only.

2Average assets for the above calculations were based on the most recent quarter.