XML 63 R51.htm IDEA: XBRL DOCUMENT v3.8.0.1
Business Combination Business Combination - Capstone Merger (Details)
Nov. 01, 2017
USD ($)
$ / shares
Business Combinations [Abstract]  
Shares of SMBK common stock issued to Capstone shareholders as of November 1, 2017 (in shares) $ 2,908,094
Market price of SMBK common stock on November 1, 2017 | $ / shares $ 23.49
Estimated fair value of SMBK common stock issued $ 68,311,000
Estimated fair value of Capstone stock options 1,585,000
Cash consideration paid 15,826,000
Total consideration 85,722,000
Fair value of assets acquired and liabilities assumed:  
Cash and cash equivalents 16,810,000
Investment securities available for sale 51,638,000
Restricted investments 1,049,000
Loans 413,023,000
Premises and equipment 8,668,000
Bank owned life insurance 10,031,000
Core deposit intangible 5,530,000
Other real estate owned 410,000
Prepaid and other assets 6,360,000
Deposits (454,154,000)
FHLB advances and other borrowings (4,887,000)
Payables and other liabilities (6,803,000)
Total fair value of net assets acquired 47,675,000
Goodwill $ 38,047,000