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Business Combinations (Tables) | 12 Months Ended
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Dec. 31, 2018
Foothills Bancorp [Member] |
Business Acquisition [Line Items] |
Schedule of Business Acquisitions | The following table details the financial impact of the merger, including the calculation of the purchase price, the allocation of the purchase price to the fair values of net assets assumed, and goodwill recognized:
Calculation of Purchase Price |
Shares of SMBK common stock issued to Foothills Bancorp shareholders as of November 1, 2018 | 1,183,232 |
Market price of SMBK common stock on November 1, 2018 | $ | 20.34 |
Estimated fair value of SMBK common stock issued (in thousands) | 24,067 |
Cash consideration paid (in thousands) | 6,069 |
Total consideration (in thousands) | $ | 30,136 |
Allocation of Purchase Price (in thousands) |
Total consideration above | $ | 30,136 |
Fair value of assets acquired and liabilities assumed: |  |
Cash and cash equivalents | 4,882 |
Investment securities available-for-sale | 48,091 |
Restricted investments | 551 |
Loans | 153,692 |
Premises and equipment | 3,622 |
Core deposit intangible | 3,670 |
Prepaid and other assets | 3,944 |
Deposits | (185,259 | )
FHLB advances and other borrowings | (10,257 | )
Payables and other liabilities | (276 | )
Total fair value of net assets acquired | 22,660 |
Goodwill | $ | 7,476 |
Tennessee Bancshares [Member] |
Business Acquisition [Line Items] |
Schedule of Business Acquisitions | The following table details the financial impact of the merger, including the calculation of the purchase price, the allocation of the purchase price to the fair values of net assets assumed, and goodwill recognized:
Calculation of Purchase Price |
Shares of SMBK common stock issued to TN Bancshares shareholders as of May 1, 2018 | 1,458,981 |
Market price of SMBK common stock on May 1, 2018 | $ | 23.85 |
Estimated fair value of SMBK common stock issued (in thousands) | 34,797 |
Cash consideration paid (in thousands) | 5 |
Total consideration (in thousands) | $ | 34,802 |
Allocation of Purchase Price (in thousands) |
Total consideration above | $ | 34,802 |
Fair value of assets acquired and liabilities assumed: |  |
Cash and cash equivalents | 5,723 |
Investment securities available-for-sale | 24,563 |
Restricted investments | 464 |
Loans | 180,490 |
Premises and equipment | 9,470 |
Core deposit intangible | 2,290 |
Other real estate owned | 674 |
Prepaid and other assets | 2,207 |
Deposits | (202,272 | )
FHLB advances and other borrowings | (4,000 | )
Payables and other liabilities | (586 | )
Total fair value of net assets acquired | 19,023 |
Goodwill | $ | 15,779 |
Capstone Bancshares Inc. [Member] |
Business Acquisition [Line Items] |
Schedule of Business Acquisitions | The following table details the financial impact of the merger, including the calculation of the purchase price, the allocation of the purchase price to the fair values of net assets assumed, and goodwill recognized:
Calculation of Purchase Price |
Shares of SMBK common stock issued to Capstone shareholders as of November 1, 2017 | 2,908,094 |
Market price of SMBK common stock on November 1, 2017 | $ | 23.49 |
Estimated fair value of SMBK common stock issued (in thousands) | 68,311 |
Estimated fair value of Capstone stock options (in thousands) | 1,585 |
Cash consideration paid (in thousands) | 15,826 |
Total consideration (in thousands) | $ | 85,722 |
Allocation of Purchase Price (in thousands) |
Total consideration above | $ | 85,722 |
Fair value of assets acquired and liabilities assumed: |  |
Cash and cash equivalents | 16,810 |
Investment securities available for sale | 51,638 |
Restricted investments | 1,049 |
Loans | 413,012 |
Premises and equipment | 8,668 |
Bank owned life insurance | 10,031 |
Core deposit intangible | 5,530 |
Other real estate owned | 410 |
Prepaid and other assets | 6,360 |
Deposits | (454,154 | )
FHLB advances and other borrowings | (4,887 | )
Payables and other liabilities | (6,803 | )
Total fair value of net assets acquired | 47,664 |
Goodwill | $ | 38,058 |
Atlantic Capital Bank, N.A. [Member] |
Business Acquisition [Line Items] |
Schedule of Business Acquisitions | he following table details the financial impact of the transaction, including the allocation of the purchase price to the fair values of net assets assumed and goodwill recognized:
Allocation of Purchase Price (in thousands) |
Total consideration in cash | $ | 1,183 |
Fair value of assets acquired and liabilities assumed: |  |
Cash and cash equivalents | 133 |
Loans | 24,073 |
Premises and equipment | 2,839 |
Core deposit intangible | 310 |
Prepaid and other assets | 77 |
Deposits | (26,888 | )
Payables and other liabilities | (21 | )
Total fair value of net assets acquired | 523 |
Goodwill | $ | 660 |

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