Minimum to be

well

capitalized under

Minimum for

prompt

capital

corrective action

Actual

adequacy purposes

provisions¹

Amount

Ratio

Amount

Ratio

Amount

Ratio

December 31, 2024

SmartFinancial:

Total Capital (to Risk Weighted Assets)

$

470,635

11.10

%

$

339,044

8.00

%

N/A

Tier 1 Capital (to Risk Weighted Assets)

413,616

9.76

%

254,283

6.00

%

N/A

Common Equity Tier 1 Capital (to Risk Weighted Assets)

413,616

9.76

%

190,712

4.50

%

N/A

Tier 1 Capital (to Average Assets)²

413,616

8.29

%

199,585

4.00

%

N/A

SmartBank:

Total Capital (to Risk Weighted Assets)

$

478,368

11.30

%

$

338,774

8.00

%

$

423,467

10.00

%

Tier 1 Capital (to Risk Weighted Assets)

445,159

10.51

%

254,080

6.00

%

338,774

8.00

%

Common Equity Tier 1 Capital (to Risk Weighted Assets)

445,159

10.51

%

190,560

4.50

%

275,253

6.50

%

Tier 1 Capital (to Average Assets)²

445,159

8.94

%

199,214

4.00

%

249,017

5.00

%

December 31, 2023

SmartFinancial:

Total Capital (to Risk Weighted Assets)

$

448,050

11.80

%

$

303,658

8.00

%

N/A

Tier 1 Capital (to Risk Weighted Assets)

385,795

10.16

%

227,744

6.00

%

N/A

Common Equity Tier 1 Capital (to Risk Weighted Assets)

385,795

10.16

%

170,808

4.50

%

N/A

Tier 1 Capital (to Average Assets)

385,795

8.27

%

186,672

4.00

%

N/A

SmartBank:

Total Capital (to Risk Weighted Assets)

$

456,134

12.02

%

$

303,680

8.00

%

$

379,600

10.00

%

Tier 1 Capital (to Risk Weighted Assets)

427,559

11.26

%

227,760

6.00

%

303,680

8.00

%

Common Equity Tier 1 Capital (to Risk Weighted Assets)

427,559

11.26

%

170,820

4.50

%

246,740

6.50

%

Tier 1 Capital (to Average Assets)

427,559

9.18

%

186,363

4.00

%

232,954

5.00

%