v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
 [1]
ASSETS:    
Cash and due from banks $ 82,869 $ 56,469
Interest-bearing deposits with banks 290,803 395,120
Federal funds sold 5,715 12,828
Total cash and cash equivalents 379,387 464,417
Securities available-for-sale, at fair value 560,065 539,882
Securities held-to-maturity (fair value of $106.5 million at June 30, 2026 and $109.4 million at December 31, 2025) 119,848 122,121
Other investments 17,529 16,441
Loans held for sale 9,628 10,865
Loans and leases 4,682,935 4,363,582
Less: Allowance for credit losses (45,252) (40,906)
Loans and leases, net 4,637,683 4,322,676
Premises and equipment, net 93,314 88,387
Goodwill and other intangibles, net 94,417 95,328
Bank owned life insurance 121,353 119,525
Other assets 82,082 81,168
Total assets 6,115,306 5,860,810
Deposits:    
Noninterest-bearing demand 921,876 1,062,918
Interest-bearing demand 1,022,074 945,716
Money market and savings 2,454,805 2,273,612
Time deposits 986,795 870,543
Total deposits 5,385,550 5,152,789
Borrowings 603 3,009
Subordinated debt 98,805 98,662
Other liabilities 53,424 53,858
Total liabilities 5,538,382 5,308,318
Commitments and contingent liabilities - see Note 8
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 296,841 295,950
Retained earnings 275,813 248,719
Accumulated other comprehensive loss (12,941) (9,319)
Total shareholders' equity attributable to SmartFinancial Inc. and Subsidiary 576,811 552,379
Non-controlling interest - preferred stock of subsidiary 113 113
Total shareholders' equity 576,924 552,492
Total liabilities and shareholders' equity $ 6,115,306 $ 5,860,810
[1] Derived from audited financial statements.