Regulatory Matters (Tables)

3 Months Ended

Mar. 31, 2023

Banking and Thrift [Abstract]

Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations

Actual and required capital levels at March 31, 2023, and December 31, 2022 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
March 31, 2023
SmartFinancial:
Total Capital (to Risk Weighted Assets)	$	438,163	11.77	%	$	297,854	8.00	%		N/A	N/A
Tier 1 Capital (to Risk Weighted Assets)		370,339	9.95	%		223,391	6.00	%		N/A	N/A
Common Equity Tier 1 Capital (to Risk Weighted Assets)		370,339	9.95	%		167,543	4.50	%		N/A	N/A
Tier 1 Capital (to Average Assets)2		370,339	7.91	%		187,364	4.00	%		N/A	N/A
SmartBank:
Total Capital (to Risk Weighted Assets)	$	441,097	11.85	%	$	297,853	8.00	%	$	372,316	10.00	%
Tier 1 Capital (to Risk Weighted Assets)		415,309	11.15	%		223,390	6.00	%		297,853	8.00	%
Common Equity Tier 1 Capital (to Risk Weighted Assets)		415,309	11.15	%		167,542	4.50	%		242,005	6.50	%
Tier 1 Capital (to Average Assets)2		415,309	8.87	%		187,358	4.00	%		234,198	5.00	%
December 31, 2022
SmartFinancial:
Total Capital (to Risk Weighted Assets)	$	425,957	11.40	%	$	298,966	8.00	%		N/A	N/A
Tier 1 Capital (to Risk Weighted Assets)		360,608	9.65	%		224,224	6.00	%		N/A	N/A
Common Equity Tier 1 Capital (to Risk Weighted Assets)		360,608	9.65	%		168,168	4.50	%		N/A	N/A
Tier 1 Capital (to Average Assets)		360,608	7.95	%		181,387	4.00	%		N/A	N/A
SmartBank:
Total Capital (to Risk Weighted Assets)	$	426,947	11.44	%	$	298,476	8.00	%	$	373,094	10.00	%
Tier 1 Capital (to Risk Weighted Assets)		403,613	10.82	%		223,857	6.00	%		298,476	8.00	%
Common Equity Tier 1 Capital (to Risk Weighted Assets)		403,613	10.82	%		167,892	4.50	%		242,511	6.50	%
Tier 1 Capital (to Average Assets)		403,613	8.90	%		181,383	4.00	%		226,729	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.