Regulatory Matters (Tables)

9 Months Ended

Sep. 30, 2024

Banking and Thrift [Abstract]

Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations

Actual and required capital levels at September 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
September 30, 2024
SmartFinancial:
Total Capital (to Risk Weighted Assets)	$	469,276	11.62	%	$	323,034	8.00	%		N/A	N/A
Tier 1 Capital (to Risk Weighted Assets)		406,264	10.06	%		242,275	6.00	%		N/A	N/A
Common Equity Tier 1 Capital (to Risk Weighted Assets)		406,264	10.06	%		181,706	4.50	%		N/A	N/A
Tier 1 Capital (to Average Assets)2		406,264	8.44	%		192,472	4.00	%		N/A	N/A
SmartBank:
Total Capital (to Risk Weighted Assets)	$	471,875	11.69	%	$	322,834	8.00	%	$	403,542	10.00	%
Tier 1 Capital (to Risk Weighted Assets)		440,593	10.92	%		242,125	6.00	%		322,834	8.00	%
Common Equity Tier 1 Capital (to Risk Weighted Assets)		440,593	10.92	%		181,594	4.50	%		262,302	6.50	%
Tier 1 Capital (to Average Assets)2		440,593	9.17	%		192,095	4.00	%		240,119	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.