v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
ASSETS:    
Cash and due from banks $ 56,746 $ 56,469
Interest-bearing deposits with banks 282,379 395,120
Federal funds sold 6,946 12,828
Total cash and cash equivalents 346,071 464,417
Securities available-for-sale, at fair value 552,083 539,882
Securities held-to-maturity (fair value of $107.2 million at March 31, 2026 and $109.4 million at Dec. 31, 2025) 120,968 122,121
Other investments 16,597 16,441
Loans held for sale 7,277 10,865
Loans and leases 4,518,391 4,363,582
Less: Allowance for credit losses (43,950) (40,906)
Loans and leases, net 4,474,441 4,322,676
Premises and equipment, net 93,360 88,387
Goodwill and other intangibles, net 94,871 95,328
Bank owned life insurance 120,438 119,525
Other assets 81,579 81,168
Total assets 5,907,685 5,860,810
Deposits:    
Noninterest-bearing demand 951,366 1,062,918
Interest-bearing demand 954,292 945,716
Money market and savings 2,455,945 2,273,612
Time deposits 834,633 870,543
Total deposits 5,196,236 5,152,789
Borrowings 3,178 3,009
Subordinated debt 98,733 98,662
Other liabilities 47,377 53,858
Total liabilities 5,345,524 5,308,318
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; 17,098,473 and 17,029,317 shares issued and outstanding, respectively 17,098 17,029
Additional paid-in capital 296,284 295,950
Retained earnings 261,032 248,719
Accumulated other comprehensive loss 12,366 9,319
Total shareholders' equity attributable to SmartFinancial Inc. and Subsidiary 562,048 552,379
Non-controlling interest - preferred stock of subsidiary 113 113
Total shareholders' equity 562,161 552,492
Total liabilities and shareholders' equity $ 5,907,685 $ 5,860,810