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v3.20.1

Regulatory Matters (Tables) | 3 Months Ended
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Mar. 31, 2020
Banking and Thrift [Abstract] |
Schedule of Regulatory Matters | Actual and required capital levels at March 31, 2020, and December 31, 2019 are presented below (dollars in thousands):
|  | Actual |  |  |  | Minimum for capital adequacy purposes |  |  |  | Minimum to be well capitalized under prompt corrective action provisions1 |  |
|  | Amount |  | Ratio |  | Amount |  | Ratio |  | Amount |  | Ratio
March 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |
SmartFinancial: |  |  |  |  |  |  |  |  |  |  |  |
Total Capital (to Risk Weighted Assets) |  | $ | 306,982 |  |  | 13.13 | % |  | $ | 187,099 |  |  | 8.00 | % |  | N/A |  |  | N/A |
Tier 1 Capital (to Risk Weighted Assets) |  | 254,268 |  |  | 10.87 | % |  | 140,324 |  |  | 6.00 | % |  | N/A |  |  | N/A |
Common Equity Tier 1 Capital (to Risk Weighted Assets) |  | 254,268 |  |  | 10.87 | % |  | 105,243 |  |  | 4.50 | % |  | N/A |  |  | N/A |
Tier 1 Capital (to Average Assets)2 |  | 254,268 |  |  | 10.28 | % |  | 98,934 |  |  | 4.00 | % |  | N/A |  |  | N/A |
SmartBank: |  |  |  |  |  |  |  |  |  |  |  |
Total Capital (to Risk Weighted Assets) |  | $ | 295,105 |  |  | 12.62 | % |  | $ | 187,077 |  |  | 8.00 | % |  | $ | 233,847 |  |  | 10.00 | %
Tier 1 Capital (to Risk Weighted Assets) |  | 281,674 |  |  | 12.05 | % |  | 140,308 |  |  | 6.00 | % |  | 187,077 |  |  | 8.00 | %
Common Equity Tier 1 Capital (to Risk Weighted Assets) |  | 281,674 |  |  | 12.05 | % |  | 105,231 |  |  | 4.50 | % |  | 152,000 |  |  | 6.50 | %
Tier 1 Capital (to Average Assets)2 |  | 281,674 |  |  | 11.42 | % |  | 98,636 |  |  | 4.00 | % |  | 123,295 |  |  | 5.00 | %
December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |
SmartFinancial: |  |  |  |  |  |  |  |  |  |  |  |
Total Capital (to Risk Weighted Assets) |  | $ | 287,937 |  |  | 14.02 | % |  | $ | 164,313 |  |  | 8.00 | % |  | N/A |  |  | N/A |
Tier 1 Capital (to Risk Weighted Assets) |  | 238,433 |  |  | 11.61 | % |  | 123,235 |  |  | 6.00 | % |  | N/A |  |  | N/A |
Common Equity Tier 1 Capital (to Risk Weighted Assets) |  | 238,433 |  |  | 11.61 | % |  | 92,426 |  |  | 4.50 | % |  | N/A |  |  | N/A |
Tier 1 Capital (to Average Assets) |  | 238,433 |  |  | 10.34 | % |  | 92,258 |  |  | 4.00 | % |  | N/A |  |  | N/A |
SmartBank: |  |  |  |  |  |  |  |  |  |  |  |
Total Capital (to Risk Weighted Assets) |  | $ | 273,432 |  |  | 13.31 | % |  | $ | 164,305 |  |  | 8.00 | % |  | $ | 205,382 |  |  | 10.00 | %
Tier 1 Capital (to Risk Weighted Assets) |  | 263,189 |  |  | 12.81 | % |  | 123,229 |  |  | 6.00 | % |  | 164,305 |  |  | 8.00 | %
Common Equity Tier 1 Capital (to Risk Weighted Assets) |  | 263,189 |  |  | 12.81 | % |  | 92,422 |  |  | 4.50 | % |  | 133,498 |  |  | 6.50 | %
Tier 1 Capital (to Average Assets) |  | 263,189 |  |  | 11.41 | % |  | 92,254 |  |  | 4.00 | % |  | 115,317 |  |  | 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.

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