Regulatory Matters (Tables)

9 Months Ended

Sep. 30, 2021

Banking and Thrift [Abstract]

Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations

Actual and required capital levels at September 30, 2021, and December 31, 2020 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, 2021
SmartFinancial:
Total Capital (to Risk Weighted Assets)	$	381,766	12.92	%	$	236,367	8.00	%		N/A	N/A
Tier 1 Capital (to Risk Weighted Assets)		320,562	10.85	%		177,275	6.00	%		N/A	N/A
Common Equity Tier 1 Capital (to Risk Weighted Assets)		320,562	10.85	%		132,956	4.50	%		N/A	N/A
Tier 1 Capital (to Average Assets)2		320,562	8.36	%		153,417	4.00	%		N/A	N/A
SmartBank:
Total Capital (to Risk Weighted Assets)	$	371,740	12.59	%	$	236,244	8.00	%	$	295,304	10.00	%
Tier 1 Capital (to Risk Weighted Assets)		352,445	11.94	%		177,183	6.00	%		236,244	8.00	%
Common Equity Tier 1 Capital (to Risk Weighted Assets)		352,445	11.94	%		132,887	4.50	%		191,948	6.50	%
Tier 1 Capital (to Average Assets)2		352,445	9.20	%		153,185	4.00	%		191,481	5.00	%
December 31, 2020
SmartFinancial:
Total Capital (to Risk Weighted Assets)	$	329,431	14.07	%	$	187,303	8.00	%		N/A	N/A
Tier 1 Capital (to Risk Weighted Assets)		271,739	11.61	%		140,477	6.00	%		N/A	N/A
Common Equity Tier 1 Capital (to Risk Weighted Assets)		271,739	11.61	%		105,358	4.50	%		N/A	N/A
Tier 1 Capital (to Average Assets)		271,739	8.70	%		125,002	4.00	%		N/A	N/A
SmartBank:
Total Capital (to Risk Weighted Assets)	$	317,660	13.57	%	$	187,294	8.00	%	$	234,117	10.00	%
Tier 1 Capital (to Risk Weighted Assets)		299,314	12.78	%		140,470	6.00	%		187,294	8.00	%
Common Equity Tier 1 Capital (to Risk Weighted Assets)		299,314	12.78	%		105,353	4.50	%		152,176	6.50	%
Tier 1 Capital (to Average Assets)		299,314	9.58	%		124,969	4.00	%		156,212	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.