Pay vs Performance Disclosure - USD ($)

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

The following table summarizes the total compensation paid to our principal executive officer (i.e., our President and Chief Executive Officer) (“PEO”) and Non-PEO NEOs versus the performance of the Company for the fiscal years ended December 31, 2023, 2022, 2021 and 2020.

					Value of Initial Fixed $100
					Investment Based On
								Company
			Average					Selected
			Summary	Average				Measure–
	Summary		Compensation	Compensation	Total	Peer Group		Operating
	Compensation	Compensation	Table Total for	Actually Paid	Shareholder	Total		Net Income
	Table Total	Actually Paid to	Non-PEO NEOs	to Non-PEO	Return	Shareholder	Net Income ($)	($) (in
Year	PEO ($)	PEO ($)(1)	($)(2)	NEOs ($)(1) (2)	($)	Return ($)(3)	(in thousands)	thousands)(4)
2023	1,086,938	693,099	496,148	369,775	108.57	114.99	28,593	34,405
2022	1,011,283	958,814	491,425	455,800	120.22	114.38	43,022	43,332
2021	1,029,608	1,002,074	541,249	649,473	118.35	121.05	34,790	37,502
2020	809,352	632,857	478,478	338,936	77.69	84.99	24,332	27,355

(1) Compensation Actually Paid (“CAP”) amounts include total compensation as reported in the Summary Compensation Table, less the grant date fair value of stock awards (RSA), plus the change in fair value of equity awards during the reported year. A reconciliation of CAP to total compensation as reported in the Summary Compensation Table is shown in the table below.

(2) William (“Billy”) Carroll, Jr. was the PEO for each of 2023, 2022, 2021 and 2020. The non-PEO NEOs included in the average calculations for 2023 are Wesley M. Welborn, Ronald J. Gorczynski, Rhett D. Jordan and Cynthia A. Cain, average calculations for 2022 are Wesley M. Welborn, Ronald J. Gorczynski, Gregory L. Davis and Rhett D. Jordan and for 2021 and 2020, Wesley M. Welborn and Ronald J. Gorczynski.

(3) Peer group total shareholder return reflects the S&P SmallCap Bank Index, which is a market-capitalization-weighted index that tracks the performance of NYSE and NASDAQ-listed banks, insurance underwriters and specialty lenders in S&P's coverage universe with $250 million to $1 billion market capitalization as of most recent pricing data. The S&P SmallCap Bank Index is the same index used for our performance graph disclosed in our Annual Report on Form 10-K for the year ended December 31, 2023.

(4) We selected operating net income, which is a non-GAAP measure, as the most important performance measurement for 2023. Operating net income is calculated by excluding the following from net income: securities gains and losses, merger related and restructuring expenses and other noncore operating items.  

Company Selected Measure Name

operating net income

Named Executive Officers, Footnote

(2) William (“Billy”) Carroll, Jr. was the PEO for each of 2023, 2022, 2021 and 2020. The non-PEO NEOs included in the average calculations for 2023 are Wesley M. Welborn, Ronald J. Gorczynski, Rhett D. Jordan and Cynthia A. Cain, average calculations for 2022 are Wesley M. Welborn, Ronald J. Gorczynski, Gregory L. Davis and Rhett D. Jordan and for 2021 and 2020, Wesley M. Welborn and Ronald J. Gorczynski.

Peer Group Issuers, Footnote

(3) Peer group total shareholder return reflects the S&P SmallCap Bank Index, which is a market-capitalization-weighted index that tracks the performance of NYSE and NASDAQ-listed banks, insurance underwriters and specialty lenders in S&P's coverage universe with $250 million to $1 billion market capitalization as of most recent pricing data. The S&P SmallCap Bank Index is the same index used for our performance graph disclosed in our Annual Report on Form 10-K for the year ended December 31, 2023.

PEO Total Compensation Amount

$ 1,086,938

$ 1,011,283

$ 1,029,608

$ 809,352

PEO Actually Paid Compensation Amount

$ 693,099

958,814

1,002,074

632,857

Adjustment To PEO Compensation, Footnote

(1) Compensation Actually Paid (“CAP”) amounts include total compensation as reported in the Summary Compensation Table, less the grant date fair value of stock awards (RSA), plus the change in fair value of equity awards during the reported year. A reconciliation of CAP to total compensation as reported in the Summary Compensation Table is shown in the table below.

			Add:
			Change in		Add:
			Value of	Add: Change in	Dividends on
	Summary		Stock Awards	Value of Options	Restricted	Compensation
	Compensation	Deduct:	during FY	during FY	Stock	Actually Paid
Year	Table Total ($)	Stock Awards ($)	($)	($)	($)	($)
William (“Billy”) Y. Carroll, PEO
2023	1,086,938	(315,000)	(89,497)	—	10,658	693,099
2022	1,011,283	(50,013)	(10,418)	—	7,962	958,814
2021	1,029,608	(175,617)	140,523	—	7,560	1,002,074
2020	809,352	(98,735)	(82,760)	—	5,000	632,857
Average Non-PEO NEO's
2023	496,148	(98,658)	(31,441)	—	3,726	369,775
2022	491,425	—	(13,013)	(25,461)	2,849	455,800
2021	541,249	(93,219)	131,175	67,076	3,192	649,473
2020	478,478	(52,406)	(48,505)	(40,085)	1,454	338,936

Non-PEO NEO Average Total Compensation Amount

$ 496,148

491,425

541,249

478,478

Non-PEO NEO Average Compensation Actually Paid Amount

$ 369,775

455,800

649,473

338,936

Adjustment to Non-PEO NEO Compensation Footnote

(1) Compensation Actually Paid (“CAP”) amounts include total compensation as reported in the Summary Compensation Table, less the grant date fair value of stock awards (RSA), plus the change in fair value of equity awards during the reported year. A reconciliation of CAP to total compensation as reported in the Summary Compensation Table is shown in the table below.

			Add:
			Change in		Add:
			Value of	Add: Change in	Dividends on
	Summary		Stock Awards	Value of Options	Restricted	Compensation
	Compensation	Deduct:	during FY	during FY	Stock	Actually Paid
Year	Table Total ($)	Stock Awards ($)	($)	($)	($)	($)
William (“Billy”) Y. Carroll, PEO
2023	1,086,938	(315,000)	(89,497)	—	10,658	693,099
2022	1,011,283	(50,013)	(10,418)	—	7,962	958,814
2021	1,029,608	(175,617)	140,523	—	7,560	1,002,074
2020	809,352	(98,735)	(82,760)	—	5,000	632,857
Average Non-PEO NEO's
2023	496,148	(98,658)	(31,441)	—	3,726	369,775
2022	491,425	—	(13,013)	(25,461)	2,849	455,800
2021	541,249	(93,219)	131,175	67,076	3,192	649,473
2020	478,478	(52,406)	(48,505)	(40,085)	1,454	338,936

Compensation Actually Paid vs. Total Shareholder Return

Relationship Between PEO and Average Non-PEO NEOs Compensation Actually Paid and Company Total Shareholder Return (“TSR”)

The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our other NEOs. In addition, the graph compares our cumulative TSR and our Peer cumulative TSR for the indicated years. The cumulative TSR assumes an initial investment of $100 at the market close on December 31, 2019, in SMBK common stock and in the common stock of companies within our Peer group. A $100 investment in SMBK stock on December 31, 2019, would be valued at $108.57 at December 31, 2023, which slightly underperformed the TSR of a $100 investment in our Peer index, which would be valued at $112.03, invested over the same time period.

Compensation Actually Paid vs. Net Income

Relationship Between PEO and Average Non-PEO NEOs Compensation Actually Paid and Net Income

The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our other NEOs, and our Net Income each of the four most recently completed fiscal years.

Compensation Actually Paid vs. Company Selected Measure

Relationship Between PEO and Average Non-PEO NEOs Compensation Actually Paid and Operating Net Income

The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our other NEOs, and our operating net income during the four most recently completed fiscal years.

Tabular List, Table

Tabular List of Important Financial Measures

The most important financial performance measures used by the Company in 2023 to set the compensation for its principal executive officer, or PEO and all of its non-PEO Named Executive Officers are listed below:

● Operating Net Income

● Net Balance Loan Growth

● Noninterest Deposit Growth

● Noninterest Income / Revenue

● Operating Return on Average Tangible Common Equity

● Operating Earnings per Diluted Common Share Growth

Total Shareholder Return Amount

$ 108.57

120.22

118.35

77.69

Peer Group Total Shareholder Return Amount

114.99

114.38

121.05

84.99

Net Income (Loss)

$ 28,593,000

$ 43,022,000

$ 34,790,000

$ 24,332,000

Company Selected Measure Amount

34,405,000

43,332,000

37,502,000

27,355,000

PEO Name

William (“Billy”) Carroll, Jr.

William (“Billy”) Carroll, Jr.

William (“Billy”) Carroll, Jr.

William (“Billy”) Carroll, Jr.

Market Capitalization Amt Maximum

$ 1,000,000,000

Market Capitalization Amt Minimum

$ 250,000,000

Measure:: 1

Pay vs Performance Disclosure

Name

Operating Net Income

Non-GAAP Measure Description

(4) We selected operating net income, which is a non-GAAP measure, as the most important performance measurement for 2023. Operating net income is calculated by excluding the following from net income: securities gains and losses, merger related and restructuring expenses and other noncore operating items.  

Measure:: 2

Pay vs Performance Disclosure

Name

Net Balance Loan Growth

Measure:: 3

Pay vs Performance Disclosure

Name

Noninterest Deposit Growth

Measure:: 4

Pay vs Performance Disclosure

Name

Noninterest Income / Revenue

Measure:: 5

Pay vs Performance Disclosure

Name

Operating Return on Average Tangible Common Equity

Measure:: 6

Pay vs Performance Disclosure

Name

Operating Earnings per Diluted Common Share Growth

PEO | Stock Awards [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ (315,000)

$ (50,013)

$ (175,617)

$ (98,735)

PEO | Change In Value Of Stock Awards During FY [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(89,497)

(10,418)

140,523

(82,760)

PEO | Dividends On Restricted Stock [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

10,658

7,962

7,560

5,000

Non-PEO NEO | Stock Awards [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(98,658)

(93,219)

(52,406)

Non-PEO NEO | Change In Value Of Stock Awards During FY [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(31,441)

(13,013)

131,175

(48,505)

Non-PEO NEO | Change In Value Of Options During FY [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(25,461)

67,076

(40,085)

Non-PEO NEO | Dividends On Restricted Stock [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ 3,726

$ 2,849

$ 3,192

$ 1,454