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v3.20.2

Regulatory Matters (Tables) | 6 Months Ended
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Jun. 30, 2020
Banking and Thrift [Abstract] |
Schedule of Regulatory Matters | Actual and required capital levels at June 30, 2020, and December 31, 2019 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 | ​
June 30, 2020 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
SmartFinancial: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total Capital (to Risk Weighted Assets) | ​ | $ | 315,306 |  | 13.25 | % | $ | 190,305 |  | 8.00 | % | ​ | N/A |  | N/A | ​
Tier 1 Capital (to Risk Weighted Assets) | ​ |  | 259,748 |  | 10.92 | % |  | 142,729 |  | 6.00 | % | ​ | N/A |  | N/A | ​
Common Equity Tier 1 Capital (to Risk Weighted Assets) | ​ |  | 259,748 |  | 10.92 | % |  | 107,047 |  | 4.50 | % | ​ | N/A |  | N/A | ​
Tier 1 Capital (to Average Assets)2 | ​ |  | 259,748 |  | 8.83 | % |  | 117,636 |  | 4.00 | % | ​ | N/A |  | N/A | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
SmartBank: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total Capital (to Risk Weighted Assets) | ​ | $ | 304,993 |  | 12.82 | % | $ | 190,259 |  | 8.00 | % | $ | 237,824 |  | 10.00 | %
Tier 1 Capital (to Risk Weighted Assets) | ​ |  | 288,739 |  | 12.14 | % |  | 142,694 |  | 6.00 | % |  | 190,259 |  | 8.00 | %
Common Equity Tier 1 Capital (to Risk Weighted Assets) | ​ |  | 288,739 |  | 12.14 | % |  | 107,021 |  | 4.50 | % |  | 154,586 |  | 6.50 | %
Tier 1 Capital (to Average Assets)2 | ​ |  | 288,739 |  | 9.82 | % |  | 117,619 |  | 4.00 | % |  | 147,024 |  | 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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