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Regulatory Matters (Tables) | 3 Months Ended
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Mar. 31, 2021
Banking and Thrift [Abstract] |
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations | Actual and required capital levels at March 31, 2021, and December 31, 2020 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 | ​
March 31, 2021 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
SmartFinancial: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total Capital (to Risk Weighted Assets) | ​ | $ | 337,484 |  | 13.62 | % | $ | 198,250 |  | 8.00 | % | ​ | N/A |  | N/A | ​
Tier 1 Capital (to Risk Weighted Assets) | ​ |  | 279,747 |  | 11.29 | % |  | 148,687 |  | 6.00 | % | ​ | N/A |  | N/A | ​
Common Equity Tier 1 Capital (to Risk Weighted Assets) | ​ |  | 279,747 |  | 11.29 | % |  | 111,515 |  | 4.50 | % | ​ | N/A |  | N/A | ​
Tier 1 Capital (to Average Assets)2 | ​ |  | 279,747 |  | 8.55 | % |  | 130,918 |  | 4.00 | % | ​ | N/A |  | N/A | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
SmartBank: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total Capital (to Risk Weighted Assets) | ​ | $ | 323,288 |  | 13.05 | % | $ | 198,174 |  | 8.00 | % | $ | 247,718 |  | 10.00 | %
Tier 1 Capital (to Risk Weighted Assets) | ​ |  | 304,918 |  | 12.31 | % |  | 148,631 |  | 6.00 | % |  | 198,174 |  | 8.00 | %
Common Equity Tier 1 Capital (to Risk Weighted Assets) | ​ |  | 304,918 |  | 12.31 | % |  | 111,473 |  | 4.50 | % |  | 161,017 |  | 6.50 | %
Tier 1 Capital (to Average Assets)2 | ​ |  | 304,918 |  | 9.33 | % |  | 130,783 |  | 4.00 | % |  | 163,479 |  | 5.00 | %
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
December 31, 2020 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
SmartFinancial: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total Capital (to Risk Weighted Assets) | ​ | $ | 329,431 |  | 14.07 | % | $ | 187,303 |  | 8.00 | % |  | N/A |  | N/A | ​
Tier 1 Capital (to Risk Weighted Assets) | ​ |  | 271,739 |  | 11.61 | % |  | 140,477 |  | 6.00 | % |  | N/A |  | N/A | ​
Common Equity Tier 1 Capital (to Risk Weighted Assets) | ​ |  | 271,739 |  | 11.61 | % |  | 105,358 |  | 4.50 | % |  | N/A |  | N/A | ​
Tier 1 Capital (to Average Assets) | ​ |  | 271,739 |  | 8.70 | % |  | 125,002 |  | 4.00 | % |  | N/A |  | N/A | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
SmartBank: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total Capital (to Risk Weighted Assets) | ​ | $ | 317,660 |  | 13.57 | % | $ | 187,294 |  | 8.00 | % | $ | 234,117 |  | 10.00 | %
Tier 1 Capital (to Risk Weighted Assets) | ​ |  | 299,314 |  | 12.78 | % |  | 140,470 |  | 6.00 | % |  | 187,294 |  | 8.00 | %
Common Equity Tier 1 Capital (to Risk Weighted Assets) | ​ |  | 299,314 |  | 12.78 | % |  | 105,353 |  | 4.50 | % |  | 152,176 |  | 6.50 | %
Tier 1 Capital (to Average Assets) | ​ |  | 299,314 |  | 9.58 | % |  | 124,969 |  | 4.00 | % |  | 156,212 |  | 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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