Smartfinancial inc. (SMBK)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Interest income:
Loans, including fees

101,002

86,469

48,805

39,763

25,730

18,745

16,705

17,288

18,128

21,498

24,402

Securities available-for-sale:
Taxable

3,289

3,512

-

-

-

-

-

-

-

-

-

Tax-exempt

1,518

587

-

-

-

-

-

-

-

-

-

Securities and interest-bearing deposits at other financial institutions

-

-

2,862

-

-

-

-

-

-

-

-

Securities and interest bearing deposits at other financial institutions

-

-

-

-

1,861

1,819

1,694

2,003

2,311

3,633

1,895

Federal funds sold and other earning assets

2,646

1,642

353

247

161

126

53

60

53

79

11

Total interest income

108,455

92,210

52,022

42,564

27,753

20,691

18,453

19,352

20,493

25,211

26,308

Interest expense:
Deposits

21,915

14,288

5,518

4,105

2,625

2,024

-

-

-

-

-

Time deposits

-

-

-

-

-

-

1,766

2,471

3,767

5,838

7,608

Other deposits

-

-

-

-

-

-

473

546

424

379

400

Securities sold under agreements to repurchase

23

45

61

65

30

11

73

94

125

127

173

Federal Home Loan Bank advances and other borrowings

296

630

113

129

-

-

-

-

-

-

-

Subordinated debt

2,341

603

0

-

-

-

-

-

-

-

-

Federal Home Loan Bank advances and other borrowings

296

630

113

129

101

0

1,208

1,672

2,044

2,856

3,006

Total interest expense

24,575

15,566

5,693

4,299

2,757

2,036

3,522

4,784

6,361

9,201

11,189

Net interest income

83,880

76,644

46,329

38,264

24,996

18,654

14,930

14,568

14,131

16,009

15,119

Provision for loan losses

2,599

2,936

782

787

922

431

-

-

-

-

-

(Credit) provision for loan losses

-

-

-

-

-

-

300

430

445

7,291

14,898

Net interest income after provision for loan losses

81,281

73,708

45,546

37,477

24,073

18,222

14,630

14,138

13,686

8,718

220

Noninterest income:
Service charges on deposit accounts

2,902

2,416

1,374

1,127

-

-

-

-

-

-

-

Gain on sale of securities

-

-

143

-

-

-

-

-

-

-

-

Gain on sale of securities

34

1

-

199

-

-

-

-

-

-

-

Mortgage banking

1,566

1,433

-

-

-

-

-

-

-

-

-

Customer service fees

-

-

-

-

912

512

821

803

868

1,272

1,630

Gain on sale of securities

-

-

-

-

52

116

-

-

-

1,698

399

Net gains (losses) from sale of securities

-

-

-

-

-

-

652

0

107

-

-

Gain on sale of loans and other assets

-

-

1,275

948

-112

188

403

151

134

19

200

Interchange and debit card transaction fees

628

573

952

-

-

-

-

-

-

-

-

Merger termination fee

6,400

0

-

-

-

-

-

-

-

-

-

(Loss) gain on sale of foreclosed assets

-

-

-

-

266

-625

-

-

-

-

-

Other

3,785

2,161

1,281

1,716

1,123

978

62

64

71

90

96

Total noninterest income

15,315

6,584

5,027

4,183

2,243

1,170

1,939

1,019

1,182

3,080

2,327

Noninterest expense:
Salaries and employee benefits

36,635

30,630

20,743

17,715

11,831

9,140

6,555

6,327

6,117

6,194

6,970

Occupancy and equipment

6,716

6,303

4,271

3,995

2,682

2,176

1,335

1,447

1,431

1,501

1,547

FDIC insurance

140

786

465

605

487

385

644

803

1,052

1,287

1,198

Impairment of goodwill

-

-

-

-

-

-

-

-

-

2,541

0

Other real estate and loan related expense

1,320

2,913

131

236

289

177

2,001

1,100

1,922

2,789

2,570

Advertising and marketing

983

873

638

615

452

420

-

-

-

-

-

Data processing

1,995

1,906

1,875

1,893

1,196

670

-

-

-

-

-

Professional services

2,375

2,694

2,084

2,122

2,454

1,041

-

-

-

-

-

Amortization of intangibles

1,368

976

346

305

233

163

-

-

-

-

-

Software as service contracts

2,195

2,054

1,398

1,154

750

546

-

-

-

-

-

Merger related and restructuring expenses

3,219

3,781

2,417

0

-

-

-

-

-

-

-

Other

6,205

6,041

4,758

3,855

2,787

1,720

3,309

3,498

3,126

3,727

3,774

Total noninterest expense

63,151

58,957

39,129

32,499

23,165

16,443

13,846

13,177

13,651

18,042

16,061

Income before income tax expense

33,445

21,335

11,443

9,160

3,150

2,950

2,723

1,979

1,218

-6,242

-13,514

Income tax expense

6,897

3,233

6,429

3,362

1,640

1,117

1,042

577

188

-1,535

-5,336

Net income

26,548

18,102

5,015

5,798

1,509

1,832

1,680

1,402

1,030

-4,707

-8,178

Preferred Stock Dividends, Income Statement Impact

-

-

195

1,022

120

120

1,500

1,229

651

34

0

Accretion on preferred stock discount

-

-

-

-

-

-

71

63

36

0

0

Net income

-

-

4,820

4,776

1,389

1,712

109

108

342

-4,741

-8,178

Earnings per common share:
Basic (in dollars per share)

1.90

1.46

0.56

0.82

0.35

0.58

0.02

0.02

0.05

-0.73

-1.26

Diluted (in dollars per share)

1.89

1.45

0.55

0.78

0.32

0.52

0.02

0.02

0.05

-0.73

-1.26

Weighted average common shares outstanding:
Basic (in shares)

13,953

12,423

8,639

5,838

3,985

2,963

-

-

-

-

-

Diluted (in shares)

14,046

12,517

8,793

6,118

4,281

3,293

-

-

-

-

-

Dividends per share

-

-

-

-

-

0.00

-

-

-

-

-