Regulatory Matters (Tables)

6 Months Ended

Jun. 30, 2020

Banking and Thrift [Abstract]

Schedule of Regulatory Matters

Actual and required capital levels at June 30, 2020, and December 31, 2019 are presented below (dollars in thousands):

									Minimum to be
									well
									capitalized under
					Minimum for				prompt
					capital				corrective action
		Actual			adequacy purposes				provisions1
	Amount		Ratio		Amount		Ratio		Amount		Ratio
June 30, 2020
SmartFinancial:
Total Capital (to Risk Weighted Assets)	$	315,306	13.25	%	$	190,305	8.00	%		N/A	N/A
Tier 1 Capital (to Risk Weighted Assets)		259,748	10.92	%		142,729	6.00	%		N/A	N/A
Common Equity Tier 1 Capital (to Risk Weighted Assets)		259,748	10.92	%		107,047	4.50	%		N/A	N/A
Tier 1 Capital (to Average Assets)2		259,748	8.83	%		117,636	4.00	%		N/A	N/A
SmartBank:
Total Capital (to Risk Weighted Assets)	$	304,993	12.82	%	$	190,259	8.00	%	$	237,824	10.00	%
Tier 1 Capital (to Risk Weighted Assets)		288,739	12.14	%		142,694	6.00	%		190,259	8.00	%
Common Equity Tier 1 Capital (to Risk Weighted Assets)		288,739	12.14	%		107,021	4.50	%		154,586	6.50	%
Tier 1 Capital (to Average Assets)2		288,739	9.82	%		117,619	4.00	%		147,024	5.00	%
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)		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)		263,189	11.41	%		92,254	4.00	%		115,317	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.