XML 42 R22.htm IDEA: XBRL DOCUMENT v3.3.0.814

Fair Value Disclosures (Tables)

9 Months Ended

Sep. 30, 2015

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

Assets and liabilities recorded at fair value on a recurring basis are as follows. 

					Quoted Prices in			Significant			Significant
					Active Markets			Other			Other
		Balance as of			for Identical			Observable			Unobservable
		September 30,			Assets			Inputs			Inputs
		2015			(Level 1)			(Level 2)			(Level 3)
Debt securities available-for-sale:
U.S. Government-sponsored enterprises (GSEs)		$	20,823,281		$	-		$	20,823,281		$	-
Mortgage-backed securities:
GSE residential			114,914,255			-			114,914,255			-
Government National Mortgage   Association guaranteed			9,603,565			-			9,603,565			-
Municipal securities			6,808,566			-			6,808,566			-
Total securities available-for-sale		$	152,149,667		$	-		$	152,149,667		$	-

					Quoted Prices in			Significant			Significant
					Active Markets			Other			Other
		Balance as of			for Identical			Observable			Unobservable
		December 31,			Assets			Inputs			Inputs
		2014			(Level 1)			(Level 2)			(Level 3)
Debt securities available-for-sale:
U.S. Government-sponsored enterprises (GSEs)		$	21,106,648		$	-		$	21,106,648		$	-
Mortgage-backed securities:
GSE residential			69,852,924			-			69,852,924			-
Government National Mortgage   Association guaranteed			5,885,704			-			5,885,704			-
Municipal securities			2,031,222			-			2,031,222			-
Total securities available-for-sale		$	98,876,498		$	-		$	98,876,498		$	-

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Table Text Block]

The tables below present information about assets and liabilities on the balance sheet at September 30, 2015 and December 31, 2014 which are measured at fair value on a nonrecurring basis.

					Quoted Prices in			Significant			Significant
					Active Markets			Other			Other
		Balance as of			for Identical			Observable			Unobservable
		September 30,			Assets			Inputs			Inputs
		2015			(Level 1)			(Level 2)			(Level 3)
Impaired loans		$	160,000		$	-		$	-		$	160,000
Foreclosed assets			9,646,549			-			-			9,646,549

					Quoted Prices in			Significant			Significant
					Active Markets			Other			Other
		Balance as of			for Identical			Observable			Unobservable
		December 31,			Assets			Inputs			Inputs
		2014			(Level 1)			(Level 2)			(Level 3)
Impaired loans		$	1,631,000		$	-		$	-		$	1,631,000
Foreclosed assets			4,982,913			-			-			4,982,913

Fair Value Assets Measured On Non Recurring Basis Unobservable Input Reconciliation [Table Text Block]

For Level 3 assets measured at fair value on a non-recurring basis as of September 30, 2015, the significant unobservable inputs used in the fair value measurements are presented below.

		Balance as of September 30, 2015			Valuation Technique		Significant Other Unobservable Input		Weighted Average of Input
Impaired loans		$	160,000		Appraisal		Appraisal Discounts			6.0	%
Foreclosed assets			9,646,549		Appraisal		Appraisal Discounts			30.1	%

Fair Value, by Balance Sheet Grouping [Table Text Block]

The carrying amount and estimated fair value of SmartFinancial’s financial instruments at September 30, 2015 and December 31, 2014 are as follows (in thousands):

		September 30, 2015						December 31, 2014
		Carrying			Estimated			Carrying			Estimated
		Amount			Fair Value			Amount			Fair Value
Assets:
Cash and cash equivalents		$	89,936		$	89,936		$	46,739		$	46,739
Securities available for sale			152,150			152,150			98,876			98,876
Restricted investments			4,451			4,451			2,090			2,090
Loans, net			706,611			706,084			359,253			360,210
Accrued interest receivable			2,227			2,227			1,221			1,221
Liabilities:
Noninterest-bearing demand deposits			123,551			123,551			53,640			53,640
Interest-bearing demand deposits			313,523			313,523			179,836			179,836
Savings deposits			61,967			61,967			42,369			42,369
Time deposits			347,951			349,922			178,963			179,876
Federal funds purchased and securities sold under agreements to repurchase			18,442			18,442			21,758			21,758
Federal Home Loan Bank advances and other borrowings			39,278			39,278			-			-
Accrued interest payable			299			299			130			130
Unrecognized financial instruments (net of contract amount):
Commitments to extend credit			-			-			-			-
Letters of credit			-			-			-			-
Lines of credit			-			-			-			-

X

- Definition

Tabular disclosure of the fair value measurement of assets on non-recurring basis using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References

No definition available.

+ Details

Name:	smbk_FairValueAssetsMeasuredOnNonrecurringBasisUnobservableInputReconciliationTableTextBlock
Namespace Prefix:	smbk_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 820



-SubTopic 10



-Section 50



-Paragraph 5



-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19296-110258

+ Details

Name:	us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 825



-SubTopic 10



-Section 50



-Paragraph 12



-URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13476-108611



Reference 2: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 820



-SubTopic 10



-Section 50



-Paragraph 2



-Subparagraph (a)



-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258



Reference 3: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 825



-SubTopic 10



-Section 50



-Paragraph 11



-URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13467-108611



Reference 4: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 825



-SubTopic 10



-Section 45



-Paragraph 2



-URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610



Reference 5: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 825



-SubTopic 10



-Section 50



-Paragraph 30



-Subparagraph (a)



-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612



Reference 6: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 825



-SubTopic 10



-Section 50



-Paragraph 10



-Subparagraph (a)



-URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13433-108611

+ Details

Name:	us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 820



-SubTopic 10



-Section 50



-Paragraph 1



-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19190-110258

+ Details

Name:	us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration