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Regulatory Matters (Tables)

3 Months Ended

Mar. 31, 2022

Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations

Actual and required capital levels at March 31, 2022, and December 31, 2021 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, 2022
SmartFinancial:
Total Capital (to Risk Weighted Assets)	$	395,523	12.22	%	$	258,996	8.00	%		N/A	N/A
Tier 1 Capital (to Risk Weighted Assets)		333,493	10.30	%		194,247	6.00	%		N/A	N/A
Common Equity Tier 1 Capital (to Risk Weighted Assets)		333,493	10.30	%		145,685	4.50	%		N/A	N/A
Tier 1 Capital (to Average Assets)²		333,493	7.41	%		180,085	4.00	%		N/A	N/A

SmartBank:
Total Capital (to Risk Weighted Assets)	$	390,953	12.08	%	$	258,990	8.00	%	$	323,737	10.00	%
Tier 1 Capital (to Risk Weighted Assets)		370,875	11.46	%		194,242	6.00	%		258,990	8.00	%
Common Equity Tier 1 Capital (to Risk Weighted Assets)		370,875	11.46	%		145,682	4.50	%		210,429	6.50	%
Tier 1 Capital (to Average Assets)²		370,875	8.24	%		180,011	4.00	%		225,013	5.00	%

December 31, 2021
SmartFinancial:
Total Capital (to Risk Weighted Assets)	$	386,627	12.55	%	$	246,483	8.00	%		N/A	N/A
Tier 1 Capital (to Risk Weighted Assets)		325,345	10.56	%		184,862	6.00	%		N/A	N/A
Common Equity Tier 1 Capital (to Risk Weighted Assets)		325,345	10.56	%		138,647	4.50	%		N/A	N/A
Tier 1 Capital (to Average Assets)		325,345	7.45	%		174,578	4.00	%		N/A	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)		358,703	8.23	%		174,384	4.00	%		217,980	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.