SMARTFINANCIAL INC

For the period ended Dec 31, 2023. Filed Mar 15, 2024.

About this filing

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.

FY2023 · Filed Mar 15, 2024

SMBK$48.10-0.8%Stored close · as of Nov 10, 2026

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Contents

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

SMARTFINANCIAL, INC. AND SUBSIDIARY

Report on Consolidated Financial Statements

For the years ended December 31, 2023, 2022, and 2021

Contents


Management’s Report on Internal Control Over Financial Reporting	61
Report of Independent Registered Public Accounting Firm	62
Consolidated Financial Statements	67
Consolidated Balance Sheets	67
Consolidated Statements of Income	68
Consolidated Statements of Comprehensive Income	69
Consolidated Statements of Changes in Shareholders’ Equity	70
Consolidated Statements of Cash Flows	71
Notes to Consolidated Financial Statements	72
Note 1.	Summary of Significant Accounting Policies	72
Note 2.	Business Combinations	83
Note 3.	Earnings Per Share	87
Note 4.	Securities	87
Note 5.	Loans and Leases and Allowance for Loan and Lease Losses	92
Note 6.	Premises and Equipment	103
Note 7.	Goodwill and Intangible Assets	103
Note 8.	Deposits	104
Note 9.	Borrowings and Line of Credit	105
Note 10.	Subordinated Debt	107
Note 11.	Leases	107
Note 12.	Income Taxes	109
Note 13.	Employee Benefit Plans	110
Note 14.	Commitments and Contingencies	112
Note 15.	Regulatory Matters	113
Note 16.	Concentrations of Credit Risk	115
Note 17.	Fair Value of Assets and Liabilities	116
Note 18.	Derivatives	120
Note 19.	Other Comprehensive Income	124
Note 20.	Condensed Parent Information	125

ContentsView on SEC.gov

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