| Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations |
Actual and required capital levels at March 31, 2026, and December 31, 2025 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 | | March 31, 2026 | | | | | | | | | | | | | | | | | SmartFinancial: | | | | | | | | | | | | | | | | | Total Capital (to Risk Weighted Assets) | | $ | 623,251 | | 12.72 | % | $ | 391,885 | | 8.00 | % | | N/A | | N/A | | Tier 1 Capital (to Risk Weighted Assets) | | | 478,573 | | 9.77 | % | | 293,914 | | 6.00 | % | | N/A | | N/A | | Common Equity Tier 1 Capital (to Risk Weighted Assets) | | | 478,573 | | 9.77 | % | | 220,435 | | 4.50 | % | | N/A | | N/A | | Tier 1 Capital (to Average Assets)2 | | | 478,573 | | 8.41 | % | | 227,508 | | 4.00 | % | | N/A | | N/A | | | | | | | | | | | | | | | | | | | SmartBank: | | | | | | | | | | | | | | | | | Total Capital (to Risk Weighted Assets) | | $ | 606,998 | | 12.41 | % | $ | 391,292 | | 8.00 | % | $ | 489,115 | | 10.00 | % | Tier 1 Capital (to Risk Weighted Assets) | | | 561,053 | | 11.47 | % | | 293,469 | | 6.00 | % | | 391,292 | | 8.00 | % | Common Equity Tier 1 Capital (to Risk Weighted Assets) | | | 561,053 | | 11.47 | % | | 220,102 | | 4.50 | % | | 317,925 | | 6.50 | % | Tier 1 Capital (to Average Assets)2 | | | 561,053 | | 9.88 | % | | 227,216 | | 4.00 | % | | 284,020 | | 5.00 | % | | | | | | | | | | | | | | | | | | December 31, 2025 | | | | | | | | | | | | | | | | | SmartFinancial: | | | | | | | | | | | | | | | | | Total Capital (to Risk Weighted Assets) | | $ | 606,158 | | 12.71 | % | $ | 381,470 | | 8.00 | % | | N/A | | N/A | | Tier 1 Capital (to Risk Weighted Assets) | | | 468,641 | | 9.83 | % | | 286,103 | | 6.00 | % | | N/A | | N/A | | Common Equity Tier 1 Capital (to Risk Weighted Assets) | | | 468,641 | | 9.83 | % | | 214,577 | | 4.50 | % | | N/A | | N/A | | Tier 1 Capital (to Average Assets) | | | 468,641 | | 8.30 | % | | 225,852 | | 4.00 | % | | N/A | | N/A | | | | | | | | | | | | | | | | | | | SmartBank: | | | | | | | | | | | | | | | | | Total Capital (to Risk Weighted Assets) | | $ | 586,675 | | 12.32 | % | $ | 380,891 | | 8.00 | % | $ | 476,114 | | 10.00 | % | Tier 1 Capital (to Risk Weighted Assets) | | | 547,820 | | 11.51 | % | | 285,668 | | 6.00 | % | | 380,891 | | 8.00 | % | Common Equity Tier 1 Capital (to Risk Weighted Assets) | | | 547,820 | | 11.51 | % | | 214,251 | | 4.50 | % | | 309,474 | | 6.50 | % | Tier 1 Capital (to Average Assets) | | | 547,820 | | 9.71 | % | | 225,566 | | 4.00 | % | | 281,957 | | 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.
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