SmartBank
SmartBank reported total assets of $6.1 bn at Q2 2026, up 11.3% on a year earlier, the 245th largest of 497 banks in our US coverage. The CET1 capital ratio at SmartBank was 11.38%, and the uninsured share of SmartBank was 47.93%. Source: FDIC Call Reports.
Key takeaways
- On common equity tier 1 (CET1) ratio, SmartBank climbed from 467th to 385th among 448 US banks between and (1 = highest; FDIC Call Reports).
- Since , SmartBank has taken over 5 institutions; the latest was Sevier County Bank on (FDIC Call Reports).
What sets SmartBank apart
How large is SmartBank?
The balance sheet of SmartBank at : assets $6.1 bn, deposits $5.4 bn, net loans $4.6 bn (loans equal to 86.16% of deposits). Securities make up 11.1% of total assets at SmartBank. Since , when SmartBank held $1.0 bn, its assets grew 503.1%. In the year to , deposits at SmartBank rose 10.6% while its total assets rose 11.3%. At , SmartBank employed 609 full-time equivalent staff across 43 offices, about $10.0 mn of assets per employee and $125.4 mn of deposits per office.
How much funding at SmartBank is uninsured?
At SmartBank, uninsured deposits (above the FDIC limit) made up 47.93% of domestic deposits at (+4.12 pp on a year earlier); SmartBank ranks 101st of 500 on this measure. In dollars, SmartBank estimated $2.6 bn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $5.4 bn | +10.6% | 232nd of 499 |
| Net loans and leases | $4.6 bn | +13.6% | 226th of 500 |
| Loan-to-deposit ratio | 86.16% | +2.29 pp | 260th of 500 |
| Tier 1 leverage ratio | 9.86% | +0.97 pp | 321st of 500 |
| Total risk-based capital ratio | 12.30% | +1.05 pp | 394th of 448 |
| Net interest margin | 3.56% | +0.29 pp | 278th of 500 |
| Return on assets (ROA) | 1.12% | +0.21 pp | 337th of 500 |
| Efficiency ratio | 57.61% | -7.00 pp | 283rd of 500 (1 = lowest) |
| Unrealized gain/loss on held-to-maturity securities | Loss of $13.3 mn | Narrowed by $3.1 mn | |
| Unrealized gain/loss on available-for-sale securities | Loss of $17.0 mn | Narrowed by $5.3 mn | |
| Noncurrent loans to total loans | 0.24% | +0.05 pp | 81st of 500 (1 = lowest) |
| Net charge-offs to average loans | 0.03% | +0.02 pp | 161st of 500 (1 = lowest) |
US rank of SmartBank: 1 = highest unless marked 1 = lowest.
Balance sheet
SmartBank: assets, deposits and loans
- Total assets $6.1bn
- Deposits $5.4bn
- Net loans $4.6bn
Capital and securities
The CET1 ratio of SmartBank stood at 11.38% in , +0.97 pp year on year. Low and high at SmartBank since : 10.41% () to 13.13% (). Equity capital of SmartBank at : $657.5 mn, or 10.8% of total assets. SmartBank also reported a total capital ratio of 12.30% for , and a tier 1 leverage ratio of 9.86%.
On held-to-maturity securities, SmartBank carried an unrealized loss of $13.3 mn at , equal to 2.0% of equity capital. The loss narrowed by $3.1 mn over the year. Its deepest point: $30.1 mn in . The available-for-sale portfolio of SmartBank showed an unrealized loss of $17.0 mn at ; the loss narrowed by $5.3 mn over the year.
SmartBank: capital ratios
- Total capital 12%
- CET1 11%
- Tier 1 leverage 9.9%
SmartBank: unrealized securities gains and losses
- Available for sale -$17mn
- Held to maturity -$13mn
Profitability and loan quality
For the year to , SmartBank earned a return on equity of 10.34%; return on assets: 1.12%. Net interest margin at SmartBank: 3.56%, +0.29 pp in a year. SmartBank net income: $33.3 mn, up 35.3% year on year. The efficiency ratio of SmartBank was 57.61%: about 58 cents cost per revenue dollar, against 53 cents at the median peer.
At , noncurrent loans were 0.24% of total loans at SmartBank; net charge-offs: 0.03% of average loans. Gross loans and leases at SmartBank: $4.7 bn, up 13.6% in a year.
SmartBank: profitability
- Return on equity 10%
- Net interest margin 3.6%
- Return on assets 1.1%
Peer group of SmartBank
The peer group of SmartBank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 0 share the charter type of SmartBank (state member bank), 6 sit in the same size group ($1 bn to $10 bn) and 0 have head offices in Tennessee. Against them, SmartBank shows CET1 ratio 11.38% against a peer median of 13.18%, return on equity 10.34% against a peer median of 12.68% and uninsured deposit share 47.93% against a peer median of 29.77%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Middlesex Savings Bank | State nonmember bank | MA | $6.1 bn | 18.24% | 5.57% | 22.40% | |
| Shore United Bank | National bank | MD | $6.1 bn | 12.31% | 12.02% | 17.98% | |
| CFG Bank | State nonmember bank | MD | $6.1 bn | 12.50% | 13.33% | 14.69% | |
| SmartBank | State member bank | TN | $6.1 bn | 11.38% | 10.34% | 47.93% | |
| Bradesco Bank | State nonmember bank | FL | $6.1 bn | 13.93% | 9.99% | 63.89% | |
| River City Bank | State nonmember bank | CA | $6.0 bn | 13.18% | 13.41% | 37.15% | |
| Banesco USA | State nonmember bank | FL | $6.0 bn | not reported | 13.92% | 62.37% | |
. FDIC Call Reports.
Last eight quarters
Two years at SmartBank, to : assets +24.7%, deposits +24.6%, equity +25.6%. Staff 602 to 609; offices 42 to 43.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $4.9 bn | $5.3 bn | $5.4 bn | $5.5 bn | $5.8 bn | $5.9 bn | $5.9 bn | $6.1 bn |
| Total deposits | $4.3 bn | $4.7 bn | $4.8 bn | $4.9 bn | $5.1 bn | $5.2 bn | $5.2 bn | $5.4 bn |
| Bank equity capital | $523.4 mn | $522.9 mn | $536.7 mn | $552.1 mn | $614.5 mn | $631.6 mn | $644.5 mn | $657.5 mn |
| CET1 ratio | 10.92% | 10.51% | 10.51% | 10.41% | 11.56% | 11.51% | 11.47% | 11.38% |
| Return on equity (ROE) | 7.68% | 7.78% | 9.12% | 9.17% | 9.60% | 9.70% | 9.60% | 10.34% |
| Uninsured share of domestic deposits | 42.89% | 44.28% | 44.96% | 43.80% | 47.41% | 47.90% | 48.09% | 47.93% |
| Full-time equivalent employees | 602 | 603 | 613 | 612 | 591 | 585 | 596 | 609 |
| Number of offices | 42 | 42 | 42 | 42 | 42 | 43 | 43 | 43 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of SmartBank, oldest first; figures before and after each event are not like for like.
- . Absorbed Cornerstone Community Bank (FDIC certificate 26256).
- . Absorbed Capstone Bank (FDIC certificate 22769).
- . Absorbed Southern Community Bank (FDIC certificate 58105).
- . Absorbed Foothills Bank & Trust (FDIC certificate 58591).
- . Absorbed Progressive Savings Bank (FDIC certificate 32021).
- . Absorbed Sevier County Bank (FDIC certificate 10318).
Large one-quarter moves at SmartBank
- Total assets at SmartBank changed by +48.4% in the quarter to 2017-12-31: Merger -Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from Capstone Bank.
Questions and identifiers
What were the total assets of SmartBank?
SmartBank reported $6.1 bn at in its Call Report. That makes SmartBank the 245th largest of 497 banks in our US coverage.
Is SmartBank the same as its holding company?
No. This page covers SmartBank, FDIC certificate 58463; SMARTFINANCIAL INC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is SmartBank profitable?
SmartBank reported net income of $33.3 mn for the year to ; annualized return on equity: 10.34%. So yes: SmartBank made a profit over these months.
When is data for SmartBank next updated?
Figures from SmartBank for are due after .
Where can I check the figures for SmartBank?
In the FDIC BankFind Suite record for certificate 58463, and in the Call Reports of SmartBank (RSSD ID 3532641) at the FFIEC Central Data Repository.