Regulatory Matters (Tables)

6 Months Ended

Jun. 30, 2024

Banking and Thrift [Abstract]

Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations

Actual and required capital levels at June 30, 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
June 30, 2024
SmartFinancial:
Total Capital (to Risk Weighted Assets)	$	461,718	11.68	%	$	316,289	8.00	%		N/A	N/A
Tier 1 Capital (to Risk Weighted Assets)		397,641	10.06	%		237,217	6.00	%		N/A	N/A
Common Equity Tier 1 Capital (to Risk Weighted Assets)		397,641	10.06	%		177,913	4.50	%		N/A	N/A
Tier 1 Capital (to Average Assets)2		397,641	8.32	%		191,120	4.00	%		N/A	N/A
SmartBank:
Total Capital (to Risk Weighted Assets)	$	465,013	11.79	%	$	315,575	8.00	%	$	394,469	10.00	%
Tier 1 Capital (to Risk Weighted Assets)		434,650	11.02	%		236,681	6.00	%		315,575	8.00	%
Common Equity Tier 1 Capital (to Risk Weighted Assets)		434,650	11.02	%		177,511	4.50	%		256,405	6.50	%
Tier 1 Capital (to Average Assets)2		434,650	9.11	%		190,778	4.00	%		238,472	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.