Minimum to be

well

capitalized under

Minimum for

prompt

capital

corrective action

Actual

adequacy purposes

provisions¹

Amount

Ratio

Amount

Ratio

Amount

Ratio

December 31, 2021

SmartFinancial:

Total Capital (to Risk Weighted Assets)

$

386,627

12.55

%

$

246,483

8.00

%

N/A

Tier 1 Capital (to Risk Weighted Assets)

325,345

10.56

%

184,862

6.00

%

N/A

Common Equity Tier 1 Capital (to Risk Weighted Assets)

325,345

10.56

%

138,647

4.50

%

N/A

Tier 1 Capital (to Average Assets)²

325,345

7.45

%

174,578

4.00

%

N/A

SmartBank:

Total Capital (to Risk Weighted Assets)

$

378,055

12.29

%

$

246,053

8.00

%

$

307,566

10.00

%

Tier 1 Capital (to Risk Weighted Assets)

358,703

11.66

%

184,539

6.00

%

246,053

8.00

%

Common Equity Tier 1 Capital (to Risk Weighted Assets)

358,703

11.66

%

138,405

4.50

%

199,918

6.50

%

Tier 1 Capital (to Average Assets)²

358,703

8.23

%

174,384

4.00

%

217,980

5.00

%

December 31, 2020

SmartFinancial:

Total Capital (to Risk Weighted Assets)

$

329,431

14.07

%

$

187,303

8.00

%

N/A

Tier 1 Capital (to Risk Weighted Assets)

271,739

11.61

%

140,477

6.00

%

N/A

Common Equity Tier 1 Capital (to Risk Weighted Assets)

271,739

11.61

%

105,358

4.50

%

N/A

Tier 1 Capital (to Average Assets)

271,739

8.70

%

125,002

4.00

%

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

%