Regulatory Matters (Tables)

9 Months Ended

Sep. 30, 2020

Banking and Thrift [Abstract]

Schedule of Regulatory Matters

Actual and required capital levels at September 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
September 30, 2020
SmartFinancial:
Total Capital (to Risk Weighted Assets)	$	323,297	13.81	%	$	187,225	8.00	%		N/A	N/A
Tier 1 Capital (to Risk Weighted Assets)		265,155	11.33	%		140,419	6.00	%		N/A	N/A
Common Equity Tier 1 Capital (to Risk Weighted Assets)		265,155	11.33	%		105,314	4.50	%		N/A	N/A
Tier 1 Capital (to Average Assets)2		265,155	8.78	%		120,766	4.00	%		N/A	N/A
SmartBank:
Total Capital (to Risk Weighted Assets)	$	312,869	13.37	%	$	187,217	8.00	%	$	234,022	10.00	%
Tier 1 Capital (to Risk Weighted Assets)		294,052	12.57	%		140,413	6.00	%		187,217	8.00	%
Common Equity Tier 1 Capital (to Risk Weighted Assets)		294,052	12.57	%		105,310	4.50	%		152,114	6.50	%
Tier 1 Capital (to Average Assets)2		294,052	9.74	%		120,762	4.00	%		150,953	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.