Smartfinancial inc. (SMBK)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS:
Cash and due from banks

38,802

33,205

23,110

44,500

47,667

40,015

42,375

66,243

36,715

64,097

40,867

54,553

22,093

34,290

39,773

32,453

45,906

40,358

35,691

2,355

2,141

32,645

1,091

2,222

2,357

2,149

2,148

1,600

5,074

3,222

1,532

1,551

10,982

1,660

1,084

1,120

1,490

Interest-bearing deposits with banks

194,454

127,329

146,300

75,371

85,326

75,807

87,728

101,992

57,891

41,965

24,833

28,281

33,454

34,457

18,813

39,283

17,921

33,405

39,009

31,010

23,304

6,380

14,783

16,818

19,559

22,702

19,106

27,100

30,826

56,173

33,298

35,327

23,901

37,222

31,850

28,783

21,491

Federal funds sold

75,833

23,437

1,524

79,663

-

0

0

2,000

2,104

6,964

18,398

-

-

0

0

0

5,105

6,200

15,235

-

-

7,710

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total cash and cash equivalents

309,089

183,971

170,934

199,534

132,994

115,822

130,104

170,235

96,710

113,026

84,098

82,835

55,547

68,748

58,586

71,737

68,932

79,964

89,935

33,365

25,446

46,736

15,874

19,040

21,916

24,851

21,254

28,700

35,901

59,395

34,831

36,879

34,884

38,882

32,934

29,904

22,981

Securities available-for-sale, at fair value

201,002

178,348

171,507

174,114

198,272

201,688

173,038

156,577

156,209

151,944

115,534

132,761

137,132

129,421

138,627

142,874

157,560

166,413

152,149

74,481

85,093

98,876

78,249

83,314

88,801

92,208

95,282

99,777

91,125

76,096

82,191

86,538

88,249

86,057

93,666

109,331

108,250

Other investments

14,113

12,913

12,913

12,905

12,397

11,499

10,735

8,272

7,808

6,430

6,080

6,080

5,627

5,627

4,451

4,451

4,451

4,451

4,451

-

-

2,090

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans held for sale

6,045

5,856

3,068

4,087

-

1,979

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans

2,139,247

1,897,392

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less: Allowance for loan losses

13,431

10,243

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans, net

2,125,816

1,887,149

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans

-

-

1,864,679

1,832,902

-

1,775,260

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less:  Allowance for loan losses

-

-

9,792

9,097

-

8,275

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Securities held to maturity (fair value $22,410 and $25,702 at June 30, 2015 and December 31, 2014, respectively)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22

23

-

29

30

32

34

36

40

42

45

51

56

63

68

75

81

95

Federal Home Loan Bank stock, at cost

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,322

2,322

-

2,322

2,322

2,322

2,322

2,322

2,322

2,322

2,322

2,322

2,322

2,322

2,322

2,322

2,322

2,322

Loans, net

-

-

1,854,887

1,823,805

1,831,865

1,766,985

1,578,037

1,568,360

1,367,779

1,317,397

866,286

859,922

802,387

808,271

792,178

768,676

736,412

723,360

706,611

306,270

292,376

359,523

294,916

289,039

289,940

286,236

281,021

270,967

266,880

270,850

268,540

257,720

256,763

260,364

263,536

263,356

276,114

Premises and equipment, net

73,801

59,433

58,386

56,589

56,582

56,012

51,138

52,202

44,202

43,000

33,777

33,764

30,802

30,535

27,862

25,844

25,679

25,037

25,266

6,199

6,296

15,939

4,835

4,862

4,929

4,992

5,094

5,183

5,289

5,399

5,465

5,574

5,649

5,712

5,676

5,790

8,047

Accrued interest receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,227

1,072

1,124

-

1,179

1,082

1,270

977

1,221

1,152

1,323

1,213

1,351

1,246

1,334

1,327

1,337

1,297

1,326

Other real estate owned

5,894

1,757

1,561

1,814

2,066

2,495

4,230

3,524

2,665

3,254

2,887

2,369

2,370

2,386

2,535

4,935

5,132

5,357

9,646

7,165

8,523

4,982

10,993

12,996

12,559

12,925

14,923

18,866

21,159

20,332

22,376

22,143

18,956

18,523

18,254

20,057

12,808

Goodwill and core deposit intangible, net

86,503

77,193

77,534

78,348

78,690

79,034

68,253

68,449

50,659

50,836

7,414

7,492

6,583

6,635

6,674

6,754

6,847

6,941

2,868

-

-

258

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bank owned life insurance

30,671

24,949

24,796

24,695

24,539

24,381

22,088

21,944

21,796

21,646

11,483

-

-

1,320

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash surrender value of life insurance

-

-

-

-

-

-

-

-

-

-

-

11,391

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,166

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

20,781

17,554

14,899

15,366

16,572

14,514

13,319

12,665

12,593

13,232

8,258

8,861

10,634

9,508

9,808

9,524

11,206

12,436

9,734

4,639

4,802

5,394

4,975

7,221

7,270

7,673

8,522

8,322

7,664

7,790

8,049

8,391

9,250

9,395

8,560

9,067

9,551

Total assets

2,873,715

2,449,123

2,390,485

2,391,257

2,353,980

2,274,409

2,050,946

2,062,231

1,760,425

1,720,770

1,135,821

1,145,479

1,051,085

1,062,456

1,040,725

1,034,797

1,016,224

1,023,962

1,007,057

435,539

426,010

533,801

413,377

419,911

429,043

432,223

429,681

435,334

431,709

443,446

425,179

420,873

417,475

422,655

426,364

441,209

441,499

LIABILITIES AND SHAREHOLDERS' EQUITY:
Deposits:
Noninterest-bearing demand

431,781

364,155

365,024

357,220

329,095

319,861

301,197

301,317

276,248

220,520

185,385

183,324

160,672

153,482

145,508

145,864

132,481

131,418

123,551

53,469

56,620

53,639

53,615

65,965

68,707

75,206

54,452

60,094

55,400

60,053

43,212

43,006

47,499

43,989

-

-

28,980

Interest-bearing demand

444,141

380,234

351,474

333,705

331,628

311,482

267,146

246,942

278,965

231,643

156,953

156,149

167,433

162,702

152,216

153,165

161,453

149,423

313,523

38,166

37,175

102,112

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Money market and savings

730,392

623,284

634,934

648,132

698,430

641,945

570,171

632,518

491,242

543,644

306,357

324,014

274,993

274,604

271,259

258,280

241,499

236,900

61,966

-

-

120,092

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest-bearing demand deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25,246

26,241

30,169

24,563

25,463

24,613

26,547

30,178

24,596

28,501

26,851

22,353

-

-

24,834

Noninterest-bearing demand deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

40,115

42,354

-

Interest-bearing demand deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22,773

26,262

-

Savings deposits and money market accounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

76,739

73,729

-

83,109

82,268

79,194

86,329

90,665

90,452

89,564

80,994

72,958

60,693

52,066

46,857

43,477

38,425

34,041

Time deposits

735,616

679,541

646,641

673,243

635,175

648,676

568,796

535,879

453,276

442,774

311,490

318,146

286,600

316,275

291,857

331,438

323,676

340,739

347,950

163,187

165,672

178,962

154,342

156,935

163,652

155,313

170,174

164,038

165,391

173,653

188,195

189,537

189,397

200,841

216,185

227,878

247,591

Total deposits

2,341,930

2,047,214

1,998,073

2,012,300

1,994,330

1,921,964

1,707,311

1,716,657

1,499,733

1,438,582

960,187

981,635

889,699

907,065

860,841

888,748

859,111

858,482

846,992

331,563

333,197

454,807

316,313

331,412

341,724

341,414

340,756

339,199

336,903

344,880

328,962

321,739

315,815

314,041

322,551

334,920

335,447

Accrued interest payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

299

104

105

-

78

80

86

82

100

93

91

120

136

114

110

110

90

180

176

Securities sold under agreement to repurchase

6,164

6,184

4,368

8,219

7,069

11,756

16,786

18,635

15,967

24,054

26,541

22,945

23,153

26,621

24,202

26,883

20,747

28,068

18,442

23,992

19,509

9,758

27,335

21,913

18,923

22,974

20,508

22,907

21,150

19,587

19,380

23,299

21,445

29,390

26,053

27,011

24,325

Federal Home Loan Bank advances and other borrowings

125,439

25,439

25,460

15,460

8,604

11,243

25,324

72,040

30,000

43,600

6,000

0

60

18,505

43,048

10,091

30,125

34,187

39,278

31,000

31,000

12,000

28,000

25,000

26,740

26,740

26,740

31,740

31,740

37,175

37,175

37,610

42,610

43,045

43,045

48,480

54,715

Subordinated debt

39,283

39,261

39,240

39,219

39,198

39,177

39,158

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other Liabilities

24,699

18,278

17,304

16,448

14,297

7,258

10,723

7,412

5,774

8,681

6,505

6,163

5,622

5,023

7,463

6,010

4,252

3,047

3,609

8,182

1,270

1,348

1,253

1,137

873

878

1,426

1,160

938

794

1,397

1,351

1,604

858

2,176

1,757

1,016

Total liabilities

2,537,515

2,136,376

2,084,445

2,091,646

2,063,499

1,991,398

1,799,304

1,814,745

1,551,476

1,514,918

999,234

1,010,745

918,534

957,216

935,555

931,733

914,235

923,786

908,620

394,842

385,084

477,913

372,981

379,542

388,348

392,089

389,531

395,099

390,823

402,557

387,051

384,114

381,585

387,447

393,917

412,350

415,680

Shareholders' equity:
Preferred stock, $1 par value; 2,000,000 shares authorized; No shares issued and outstanding

0

0

0

0

0

0

0

0

0

0

0

0

0

12

12

12

12

12

12

15,000

14,982

12

14,946

14,928

14,910

14,892

14,875

14,857

14,839

14,821

12,175

11,018

10,446

9,899

7,300

4,540

2,727

Common stock, $1 par value; 40,000,000 shares authorized; 15,221,990 and 14,008,233 shares issued and outstanding, respectively

15,222

14,008

13,958

13,953

13,951

13,933

12,750

12,704

11,233

11,152

8,243

8,219

8,211

5,896

5,885

5,824

5,817

5,806

5,732

6,643

6,637

2,965

6,627

6,627

6,627

6,547

6,547

6,547

6,547

6,500

6,500

6,500

6,500

6,500

6,500

6,500

6,500

Additional paid-in capital

254,356

232,732

232,573

232,386

232,240

231,852

208,998

208,512

174,981

174,008

107,064

106,793

106,702

83,463

83,329

82,799

82,716

82,616

81,628

21,972

21,902

42,508

21,780

21,740

21,700

21,549

21,517

21,485

21,420

21,390

21,371

21,353

21,334

21,316

21,296

21,276

21,237

Retained earnings

67,869

65,839

59,806

53,843

44,722

39,991

33,558

29,234

25,303

21,888

21,653

19,968

18,320

16,871

15,493

14,152

13,231

12,094

10,942

-3,020

-2,945

10,704

-3,050

-3,063

-3,080

-3,099

-3,110

-3,146

-3,149

-3,274

-3,347

-3,429

-3,472

-3,627

-3,725

-4,024

-4,317

Accumulated other comprehensive income (loss)

-1,247

168

-297

-571

-433

-2,765

-3,666

-2,965

-2,569

-1,198

-373

-247

-683

-1,002

448

274

210

-352

121

100

349

-303

92

135

536

243

320

491

1,228

1,451

1,427

1,316

1,081

1,119

1,075

566

-328

Total shareholders' equity

336,200

312,747

306,040

299,611

290,480

283,011

251,641

247,486

208,948

205,851

136,587

134,734

132,550

105,240

105,169

103,063

101,988

100,176

98,436

40,696

40,926

55,887

40,396

40,368

40,695

40,133

40,149

40,234

40,886

40,888

38,127

36,759

35,889

35,208

32,447

28,859

25,819

Total liabilities and shareholders' equity

2,873,715

2,449,123

2,390,485

2,391,257

2,353,980

2,274,409

2,050,946

2,062,231

1,760,425

1,720,770

1,135,821

1,145,479

1,051,085

1,062,456

1,040,725

1,034,797

1,016,224

1,023,962

1,007,057

435,539

426,010

533,801

413,377

419,911

429,043

432,223

429,681

435,334

431,709

443,446

425,179

420,873

417,475

422,655

426,364

441,209

441,499