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Regulatory Matters
 12 Months Ended
Dec. 31, 2019
Banking and Thrift [Abstract]  
Regulatory Matters Regulatory Matters
Regulatory Capital Requirements:

The Company and the Bank are subject to regulatory capital requirements administered by federal banking agencies. Capital adequacy guidelines and, additionally for banks, prompt corrective action regulations, involve quantitative measures of assets, liabilities, and certain off-balance-sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgements by regulators. Failure to meet capital requirements can initiate regulatory action. The final rules implementing Basel Committee on Banking Supervision’s capital guidelines for U.S. banks (Basel III rules) became effective for the Company on January 1, 2015, with full compliance with all of the requirements being phased in over a multi-year schedule, and fully phased in by January 1, 2019. Under Basel III rules, the Company must hold a capital conservation buffer above the adequately capitalized risk-based capital ratios. The capital conservation buffer is being phased in at the rate of 0.625% per year from 0.0% in 2015 to 2.50% on January 1, 2019. The capital conservation buffer for 2018 is 1.875% and for 2019 is 2.50%. At December 31, 2019 and 2018 the Company and the Bank exceeded the minimum regulatory requirements and exceeded the threshold for the "well capitalized" regulatory classification.

Regulatory Restrictions on Dividends:
 
Pursuant to Tennessee banking law, the Bank may not, without the prior consent of the Commissioner of the Tennessee Department of Financial Institutions (TDFI), pay any dividends to the Company in a calendar year in excess of the total of the Bank's retained net income for that year plus the retained net income for the preceding two years. During the year ended December 31, 2019, SmartBank paid no dividends to the Company. As of December 31, 2019, the Bank could pay approximately $55.5 million of additional dividends to the Company without prior approval of the Commissioner of the TDFI.
 
Regulatory Capital Levels:
 
Actual and required capital levels at December 31, 2019 and 2018 are presented below (dollars in thousands): 

 Actual
Minimum for capital
adequacy purposes
Minimum to be well
capitalized under prompt
corrective action provisions1
 AmountRatioAmountRatioAmountRatio
December 31, 2019      
SmartFinancial:      
Total Capital (to Risk Weighted Assets)$287,937  14.02 %$164,313  8.00 %N/A  N/A  
Tier 1 Capital (to Risk Weighted Assets)238,433  11.61 %123,235  6.00 %N/A  N/A  
Common Equity Tier 1 Capital (to Risk Weighted Assets)238,433  11.61 %92,426  4.50 %N/A  N/A  
Tier 1 Capital (to Average Assets)2
238,433  10.34 %92,258  4.00 %N/A  N/A  
SmartBank:
Total Capital (to Risk Weighted Assets)$273,432  13.31 %$164,305  8.00 %$205,382  10.00 %
Tier 1 Capital (to Risk Weighted Assets)263,189  12.81 %123,229  6.00 %164,305  8.00 %
Common Equity Tier 1 Capital (to Risk Weighted Assets)263,189  12.81 %92,422  4.50 %133,498  6.50 %
Tier 1 Capital (to Average Assets)2
263,189  11.41 %92,254  4.00 %115,317  5.00 %
December 31, 2018
SmartFinancial:
Total Capital (to Risk Weighted Assets)$257,545  13.47 %$152,971  8.00 %N/A  N/A  
Tier 1 Capital (to Risk Weighted Assets)210,093  10.99 %114,728  6.00 %N/A  N/A  
Common Equity Tier 1 Capital (to Risk Weighted Assets)210,093  10.99 %86,046  4.50 %N/A  N/A  
Tier 1 Capital (to Average Assets)210,093  9.91 %84,821  4.00 %N/A  N/A  
SmartBank:
Total Capital (to Risk Weighted Assets)$243,774  12.74 %$153,017  8.00 %$191,271  10.00 %
Tier 1 Capital (to Risk Weighted Assets)235,499  12.31 %114,763  6.00 %153,017  8.00 %
Common Equity Tier 1 Capital (to Risk Weighted Assets)235,499  12.31 %86,072  4.50 %124,326  6.50 %
Tier 1 Capital (to Average Assets)235,499  11.17 %84,300  4.00 %105,375  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.