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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
ASSETS:    
Cash and due from banks $ 58,313 $ 96,508
Interest-bearing deposits with banks 352,869 277,005
Federal funds sold 11,802 14,057
Total cash and cash equivalents 422,984 387,570
Securities available-for-sale, at fair value 499,445 482,328
Securities held-to-maturity, at amortized cost 125,576 126,659
Other investments 14,371 14,740
Loans held for sale 3,843 5,996
Total loans and leases 3,992,207 3,906,340
Less: Allowance for credit losses (38,175) (37,423)
Loans and leases, net 3,954,032 3,868,917
Premises and equipment, net 90,708 91,093
Other real estate owned 144 179
Goodwill and other intangibles, net 104,154 104,723
Bank owned life insurance 116,805 115,917
Other assets 79,155 77,782
Total assets 5,411,217 5,275,904
Deposits:    
Noninterest-bearing demand 884,294 965,552
Interest-bearing demand 885,063 836,731
Money market and savings 2,131,828 2,039,560
Time deposits 907,474 844,640
Total deposits 4,808,659 4,686,483
Borrowings 7,610 8,135
Subordinated debt 39,705 39,684
Other liabilities 49,302 50,141
Total liabilities 4,905,276 4,784,443
Commitments and contingent liabilities
Shareholders' equity:    
Preferred stock, $1 par value; 2,000,000 shares authorized; No shares issued and outstanding
Common stock, $1 par value; 40,000,000 shares authorized; 17,017,547 and 16,925,672 shares issued and outstanding, respectively 17,018 16,926
Additional paid-in capital 294,736 294,269
Retained earnings 213,721 203,824
Accumulated other comprehensive income (loss) (19,647) (23,671)
Total shareholders' equity attributable to SmartFinancial Inc. and Subsidiary 505,828 491,348
Non-controlling interest - preferred stock of subsidiary 113 113
Total shareholders' equity 505,941 491,461
Total liabilities and shareholders' equity $ 5,411,217 $ 5,275,904