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Regulatory Matters (Tables)

9 Months Ended

Sep. 30, 2022

Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations

Actual and required capital levels at September 30, 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
September 30, 2022
SmartFinancial:
Total Capital (to Risk Weighted Assets)	$	412,647	11.44	%	$	288,445	8.00	%		N/A	N/A
Tier 1 Capital (to Risk Weighted Assets)		347,884	9.65	%		216,334	6.00	%		N/A	N/A
Common Equity Tier 1 Capital (to Risk Weighted Assets)		347,884	9.65	%		162,250	4.50	%		N/A	N/A
Tier 1 Capital (to Average Assets)²		347,884	7.40	%		188,070	4.00	%		N/A	N/A

SmartBank:
Total Capital (to Risk Weighted Assets)	$	411,529	11.41	%	$	288,523	8.00	%	$	360,653	10.00	%
Tier 1 Capital (to Risk Weighted Assets)		388,760	10.78	%		216,392	6.00	%		288,523	8.00	%
Common Equity Tier 1 Capital (to Risk Weighted Assets)		388,760	10.78	%		162,294	4.50	%		234,425	6.50	%
Tier 1 Capital (to Average Assets)²		388,760	8.27	%		188,071	4.00	%		235,089	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.