Regulatory Matters (Tables)

3 Months Ended

Mar. 31, 2024

Banking and Thrift [Abstract]

Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations

Actual and required capital levels at March 31, 2024, and December 31, 2023 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, 2024
SmartFinancial:
Total Capital (to Risk Weighted Assets)	$	456,659	11.85	%	$	308,231	8.00	%		N/A	N/A
Tier 1 Capital (to Risk Weighted Assets)		393,088	10.20	%		231,173	6.00	%		N/A	N/A
Common Equity Tier 1 Capital (to Risk Weighted Assets)		393,088	10.20	%		173,380	4.50	%		N/A	N/A
Tier 1 Capital (to Average Assets)2		393,088	8.23	%		191,043	4.00	%		N/A	N/A
SmartBank:
Total Capital (to Risk Weighted Assets)	$	462,143	12.00	%	$	307,991	8.00	%	$	384,989	10.00	%
Tier 1 Capital (to Risk Weighted Assets)		432,268	11.23	%		230,993	6.00	%		307,991	8.00	%
Common Equity Tier 1 Capital (to Risk Weighted Assets)		432,268	11.23	%		173,245	4.50	%		250,243	6.50	%
Tier 1 Capital (to Average Assets)2		432,268	9.07	%		190,725	4.00	%		238,406	5.00	%
December 31, 2023
SmartFinancial:
Total Capital (to Risk Weighted Assets)	$	448,050	11.80	%	$	303,658	8.00	%		N/A	N/A
Tier 1 Capital (to Risk Weighted Assets)		385,795	10.16	%		227,744	6.00	%		N/A	N/A
Common Equity Tier 1 Capital (to Risk Weighted Assets)		385,795	10.16	%		170,808	4.50	%		N/A	N/A
Tier 1 Capital (to Average Assets)		385,795	8.27	%		186,672	4.00	%		N/A	N/A
SmartBank:
Total Capital (to Risk Weighted Assets)	$	456,134	12.02	%	$	303,680	8.00	%	$	379,600	10.00	%
Tier 1 Capital (to Risk Weighted Assets)		427,559	11.26	%		227,760	6.00	%		303,680	8.00	%
Common Equity Tier 1 Capital (to Risk Weighted Assets)		427,559	11.26	%		170,820	4.50	%		246,740	6.50	%
Tier 1 Capital (to Average Assets)		427,559	9.18	%		186,363	4.00	%		232,954	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.