v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
ASSETS:    
Cash and due from banks $ 56,469 $ 96,508
Interest-bearing deposits with banks 395,120 277,005
Federal funds sold 12,828 14,057
Total cash and cash equivalents 464,417 387,570
Securities available-for-sale, at fair value 539,882 482,328
Securities held-to-maturity (fair value of $109.4 million at Dec. 31, 2025 and $108.1 million at Dec. 31, 2024) 122,121 126,659
Other investments 16,441 14,740
Loans held for sale 10,865 5,996
Loans and leases 4,363,582 3,906,340
Less: Allowance for credit losses (40,906) (37,423)
Loans and leases, net 4,322,676 3,868,917
Premises and equipment, net 88,387 91,093
Other real estate owned   179
Goodwill and other intangibles, net 95,328 104,723
Bank owned life insurance 119,525 115,917
Other assets 81,168 77,782
Total assets 5,860,810 5,275,904
Deposits:    
Noninterest-bearing demand 1,062,918 965,552
Interest-bearing demand 945,716 836,731
Money market and savings 2,273,612 2,039,560
Time deposits 870,543 844,640
Total deposits 5,152,789 4,686,483
Borrowings 3,009 8,135
Subordinated debt 98,662 39,684
Other liabilities 53,858 50,141
Total liabilities 5,308,318 4,784,443
Commitments and contingent liabilities - see Note 14
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; 17,029,317 and 16,925,672 shares issued and outstanding, respectively 17,029 16,926
Additional paid-in capital 295,950 294,269
Retained earnings 248,719 203,824
Accumulated other comprehensive loss 9,319 23,671
Total shareholders' equity attributable to SmartFinancial Inc. and Subsidiary 552,379 491,348
Non-controlling interest - preferred stock of subsidiary 113 113
Total shareholders' equity 552,492 491,461
Total liabilities and shareholders' equity $ 5,860,810 $ 5,275,904