Minimum to be

well

capitalized under

Minimum for

prompt

capital

corrective action

Actual

adequacy purposes

provisions¹

Amount

Ratio

Amount

Ratio

Amount

Ratio

March 31, 2025

SmartFinancial:

Total Capital (to Risk Weighted Assets)

$

482,054

11.18

%

$

345,052

8.00

%

N/A

Tier 1 Capital (to Risk Weighted Assets)

422,107

9.79

%

258,789

6.00

%

N/A

Common Equity Tier 1 Capital (to Risk Weighted Assets)

422,107

9.79

%

194,092

4.50

%

N/A

Tier 1 Capital (to Average Assets)²

422,107

8.16

%

206,893

4.00

%

N/A

SmartBank:

Total Capital (to Risk Weighted Assets)

$

489,149

11.35

%

$

344,766

8.00

%

$

430,957

10.00

%

Tier 1 Capital (to Risk Weighted Assets)

453,025

10.51

%

258,574

6.00

%

344,766

8.00

%

Common Equity Tier 1 Capital (to Risk Weighted Assets)

453,025

10.51

%

193,931

4.50

%

280,122

6.50

%

Tier 1 Capital (to Average Assets)²

453,025

8.76

%

206,750

4.00

%

258,437

5.00

%

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)

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)

445,159

8.94

%

199,214

4.00

%

249,017

5.00

%