SMARTFINANCIAL INC.
For the period ended Dec 31, 2025. Filed Mar 16, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 16, 2026
SMBK$48.50+1.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
December 31, 2025 and 2024
| | | | | | | |
|---|---|---|---|---|---|---|
| · · 2025 · · 2024 | ||||||
| ASSETS: · · · · | ||||||
| Cash and due from banks | | $56,469 | | $96,508 | ||
| Interest-bearing deposits with banks | | 395,120 | | 277,005 | ||
| Federal funds sold | | 12,828 | | 14,057 | ||
| Total cash and cash equivalents | | 464,417 | | 387,570 | ||
| Securities available-for-sale, at fair value | | 539,882 | | 482,328 | ||
| Securities held-to-maturity (fair value of $109.4 million at Dec. 31, 2025 and $108.1 million at Dec. 31, 2024) | | | 122,121 | | | 126,659 |
| Other investments | | 16,441 | | 14,740 | ||
| Loans held for sale | | 10,865 | | 5,996 | ||
| Loans and leases | | 4,363,582 | | 3,906,340 | ||
| Less: Allowance for credit losses | | (40,906) | | (37,423) | ||
| Loans and leases, net | | 4,322,676 | | 3,868,917 | ||
| Premises and equipment, net | | 88,387 | | 91,093 | ||
| Other real estate owned | | — | | 179 | ||
| Goodwill and other intangibles, net | | 95,328 | | 104,723 | ||
| Bank owned life insurance | | 119,525 | | 115,917 | ||
| Other assets | | 81,168 | | 77,782 | ||
| Total assets | | $5,860,810 | | $5,275,904 | ||
| | | | | | | |
| LIABILITIES AND SHAREHOLDERS' EQUITY: | | | | | ||
| Deposits: | | | | | ||
| Noninterest-bearing demand | | $1,062,918 | | $965,552 | ||
| Interest-bearing demand | | 945,716 | | 836,731 | ||
| Money market and savings | | 2,273,612 | | 2,039,560 | ||
| Time deposits | | 870,543 | | 844,640 | ||
| Total deposits | | 5,152,789 | | 4,686,483 | ||
| Borrowings | | 3,009 | | 8,135 | ||
| Subordinated debt | | 98,662 | | 39,684 | ||
| Other liabilities | | 53,858 | | 50,141 | ||
| Total liabilities | | 5,308,318 | | 4,784,443 | ||
| Commitments and contingent liabilities - see Note 14 | | | — | | | — |
| Shareholders' equity: | | | | | ||
| Preferred stock, $1 par value; 2,000,000 shares authorized; No shares issued and outstanding | | — | | — | ||
| Common stock, $1 par value; 40,000,000 shares authorized; 17,029,317 and 16,925,672 shares issued and outstanding, respectively | | 17,029 | | 16,926 | ||
| Additional paid-in capital | | 295,950 | | 294,269 | ||
| Retained earnings | | 248,719 | | 203,824 | ||
| Accumulated other comprehensive loss | | (9,319) | | (23,671) | ||
| Total shareholders' equity attributable to SmartFinancial Inc. and Subsidiary | | 552,379 | | 491,348 | ||
| Non-controlling interest - preferred stock of subsidiary | | | 113 | | | 113 |
| Total shareholders' equity | | | 552,492 | | | 491,461 |
| Total liabilities and shareholders' equity | | $5,860,810 | | $5,275,904 | ||
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