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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
ASSETS:    
Cash and due from banks $ 96,508 $ 61,586
Interest-bearing deposits with banks 277,005 233,237
Federal funds sold 14,057 57,448
Total cash and cash equivalents 387,570 352,271
Fair Value, post ASU 2019-04 482,328 408,410
Securities available-for-sale, at fair value 482,328 408,410
Securities held-to-maturity, at amortized cost, post ASU 2019-04 126,659 281,236
Other investments 14,740 13,662
Loans held for sale 5,996 4,418
Total loans and leases 3,906,340 3,444,462
Less: Allowance for credit losses (37,423) (35,066)
Loans and leases, net 3,868,917 3,409,396
Premises and equipment, net 91,093 92,963
Other real estate owned 179 517
Goodwill and other intangibles, net 104,723 107,148
Bank owned life insurance 115,917 83,434
Other assets 77,782 75,932
Total assets 5,275,904 4,829,387
Deposits:    
Noninterest-bearing demand 965,552 898,044
Interest-bearing demand 836,731 1,006,915
Money market and savings 2,039,560 1,812,427
Time deposits 844,640 550,468
Total deposits 4,686,483 4,267,854
Borrowings 8,135 13,078
Subordinated debt 39,684 42,099
Other liabilities 50,141 46,470
Total liabilities 4,784,443 4,369,501
Shareholders' equity:    
Common stock, $1 par value; 40,000,000 shares authorized; 16,925,672 and 16,988,879 shares issued and outstanding, respectively 16,926 16,989
Additional paid-in capital 294,269 295,699
Retained earnings 203,824 173,105
Accumulated other comprehensive income (loss) (23,671) (25,907)
Total shareholders' equity attributable to SmartFinancial Inc. and Subsidiary 491,348 459,886
Non-controlling interest - preferred stock of subsidiary 113  
Total shareholders' equity 491,461 459,886
Total liabilities and shareholders' equity $ 5,275,904 $ 4,829,387