SMARTFINANCIAL INC.
For the period ended Dec 31, 2025. Filed Mar 16, 2026.
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FY2025 · Filed Mar 16, 2026
SMBK$48.10-0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Comprehensive Income
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| · · 2025 · · 2024 · · 2023 | |||||||||
| Net income | | $50,347 | | $36,141 | | $28,593 | |||
| Other comprehensive income (loss): | | | | | | | |||
| Investment securities: | | | | | | | | | |
| Unrealized holding gains on securities available-for-sale | | 14,786 | | 2,043 | | 6,410 | |||
| Tax effect | | (3,819) | | (528) | | (1,656) | |||
| Amortization of unrealized gains on investment securities transferred from available-for-sale to held-to-maturity | | | 116 | | | 132 | | | 148 |
| Tax effect | | | (30) | | | (34) | | | (38) |
| Reclassification adjustment for realized (gains) losses, net included in net income | | 3,719 | | (64) | | 6,801 | |||
| Tax effect | | (961) | | 17 | | (1,757) | |||
| Unrealized gains on securities available-for-sale, net of tax | | 13,811 | | 1,566 | | 9,908 | |||
| Fair value hedging activities: | | | | | | | | | |
| Unrealized gains (losses) on fair value mortgage-backed security hedges | | (110) | | 712 | | (536) | |||
| Tax effect | | 28 | | (184) | | 139 | |||
| Reclassification adjustment for realized gains included in net income | | | — | | | (401) | | | — |
| Tax effect | | | — | | | 104 | | | — |
| Unrealized gains (losses) on fair value hedged instruments arising during the period, net of tax | | (82) | | 231 | | (397) | |||
| Cash flow hedging activities: | | | | | | | | | |
| Unrealized gains (losses) on cash flow hedges | | | 645 | | | 590 | | | (196) |
| Tax effect | | | (167) | | | (152) | | | 51 |
| Reclassification adjustment for realized losses included in net income | | | 196 | | | 2 | | | 69 |
| Tax effect | | | (51) | | | (1) | | | (18) |
| Unrealized gains (losses) on cash flow hedge instruments arising during the period, net of tax | | | 623 | | | 439 | | | (94) |
| | | | | | | | | | |
| Total other comprehensive income | | 14,352 | | 2,236 | | 9,417 | |||
| Comprehensive income | | $64,699 | | $38,377 | | $38,010 | |||
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