XML 56 R42.htm IDEA: XBRL DOCUMENT v3.19.1
Regulatory Matters (Tables)
 12 Months Ended
Dec. 31, 2018
Banking and Thrift [Abstract]  
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations
Actual and required capital levels at December 31, 2018 and 2017 are presented below (dollars in thousands): 
are
 
 
Actual
 
Minimum for capital
adequacy purposes
 
Minimum to be well
capitalized under prompt
corrective action provisions (1)
 
 
Amount
 
Ratio
 
Amount
 
Ratio
 
Amount
 
Ratio
December 31, 2018
 
 

 
 

 
 

 
 

 
 

 
 

SmartFinancial, Inc. (2)
 
 

 
 

 
 

 
 

 
 

 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
SmartBank
 
 
 
 
 
 
 
 
 
 
 
 
Total Capital (to Risk-Weighted Assets)
 
$
243,774

 
12.74
%
 
$
153,017

 
8.00
%
 
$
191,271

 
10.00
%
Tier 1 Capital (to Risk-Weighted Assets)
 
235,499

 
12.31
%
 
114,763

 
6.00
%
 
153,017

 
8.00
%
Common Equity Tier 1 Capital (to Risk-Weighted Assets)
 
235,499

 
12.31
%
 
86,072

 
4.50
%
 
124,326

 
6.50
%
Tier 1 Capital (to Average Assets)
 
235,499

 
11.17
%
 
84,300

 
4.00
%
 
105,375

 
5.00
%
(1) The prompt corrective action provisions are applicable at the Bank level only.
(2) Reporting regulations were revised during 2018 the capital ratios reported for SmartFinancial Inc. at December 31, 2017 were not required to be reported at December 31, 2018.
Regulatory Capital Levels (continued):
 
 
Actual
 
Minimum for capital
adequacy purposes
 
Minimum to be well
capitalized under prompt
corrective action provisions (1)
 
 
Amount
 
Ratio
 
Amount
 
Ratio
 
Amount
 
Ratio
December 31, 2017
 
 

 
 

 
 

 
 

 
 

 
 

SmartFinancial, Inc.
 
 

 
 

 
 

 
 

 
 

 
 

Total Capital (to Risk-Weighted Assets)
 
$
163,683

 
10.98
%
 
$
119,257

 
8.00
%
 
 
 
 
Tier 1 Capital (to Risk-Weighted Assets)
 
157,823

 
10.59
%
 
89,442

 
6.00
%
 
 
 
 
Common Equity Tier 1 Capital (to Risk-Weighted Assets)
 
157,823

 
10.59
%
 
67,082

 
4.50
%
 
 
 
 
Tier 1 Capital (to Average Assets)
 
157,823

 
10.78
%
 
58,562

 
4.00
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SmartBank
 
 

 
 

 
 

 
 

 
 

 
 

Total Capital (to Risk-Weighted Assets)
 
$
168,148

 
11.29
%
 
$
119,111

 
8.00
%
 
$
148,889

 
10.00
%
Tier 1 Capital (to Risk-Weighted Assets)
 
162,288

 
10.90
%
 
89,333

 
6.00
%
 
119,111

 
8.00
%
Common Equity Tier 1 Capital (to Risk-Weighted Assets)
 
162,288

 
10.90
%
 
67,000

 
4.50
%
 
96,778

 
6.50
%
Tier 1 Capital (to Average Assets)
 
162,288

 
11.26
%
 
57,656

 
4.00
%
 
72,070

 
5.00
%

 (1) The prompt corrective action provisions are applicable at the Bank level only.