Smartfinancial inc. (SMBK)
Income statement / TTM
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'11Mar'11Sep'10Jun'10
Interest income:
Loans, including fees

102,461

101,002

100,786

96,842

93,216

86,469

77,802

67,722

56,817

48,805

42,778

41,397

40,604

39,763

39,318

35,863

30,586

25,730

21,298

19,620

19,168

18,745

17,489

16,804

16,658

16,705

17,232

17,180

17,286

17,288

17,008

17,298

17,634

18,128

18,851

19,814

0

0

0

Securities available-for-sale:
Taxable

2,997

3,289

3,429

3,578

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax-exempt

1,377

1,518

1,302

1,040

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Securities and interest-bearing deposits at other financial institutions

-

-

-

-

-

-

-

-

3,251

2,862

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Securities and interest bearing deposits at other financial institutions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,611

2,461

2,159

1,861

1,844

1,823

1,806

1,819

1,522

1,549

1,684

1,694

1,819

1,840

1,976

2,003

2,111

2,207

2,210

2,311

2,517

3,159

0

0

0

Federal funds sold and other earning assets

2,675

2,646

2,703

2,489

2,114

1,642

1,114

671

381

353

319

284

256

247

228

218

196

161

171

165

147

126

60

34

39

53

61

67

66

60

59

53

57

53

56

69

0

0

0

Total interest income

109,510

108,455

108,360

104,084

99,774

92,210

82,677

71,926

60,451

52,022

45,760

44,207

43,359

42,564

42,158

38,544

32,942

27,753

23,314

21,609

21,122

20,691

19,072

18,388

18,383

18,453

19,113

19,088

19,329

19,352

19,179

19,558

19,901

20,493

21,425

23,043

0

0

0

Interest expense:
Deposits

21,418

21,915

21,323

19,687

17,137

14,288

11,414

8,818

6,822

5,518

4,778

4,470

4,241

4,105

3,976

3,598

3,084

2,625

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Time deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,518

1,586

1,676

1,766

1,890

2,057

2,237

2,471

2,750

3,037

3,414

3,767

4,349

5,069

0

0

0

Other deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

375

347

403

473

534

561

563

546

518

486

453

424

0

0

0

-

-

Other deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Securities sold under agreements to repurchase

20

23

29

35

40

45

49

53

58

61

63

65

64

65

65

56

43

30

-18

-22

-4

11

60

78

74

73

73

73

80

94

104

116

126

125

129

128

0

0

0

Federal Home Loan Bank advances and other borrowings

277

296

292

491

580

630

648

444

250

113

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Subordinated debt

2,341

2,341

2,342

1,777

1,187

603

0

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Federal Home Loan Bank advances and other borrowings

277

296

292

491

580

630

648

444

250

113

69

81

99

129

157

172

145

101

-489

-520

-260

0

791

1,076

1,129

1,208

1,332

1,441

1,551

1,672

1,734

1,806

1,925

2,044

2,256

2,550

0

0

0

Total interest expense

24,056

24,575

23,987

21,991

18,945

15,566

12,132

9,317

7,131

5,693

4,911

4,617

4,405

4,299

4,199

3,827

3,273

2,757

1,798

1,598

1,820

2,036

2,746

3,089

3,283

3,522

3,831

4,135

4,432

4,784

5,108

5,446

5,919

6,361

7,132

8,133

0

0

0

Net interest income

85,454

83,880

84,373

82,093

80,829

76,644

70,545

62,609

53,320

46,329

40,849

39,589

38,953

38,264

37,959

34,717

29,669

24,996

21,515

20,010

19,302

18,654

16,326

15,299

15,099

14,930

15,281

14,953

14,897

14,568

14,071

14,112

13,981

14,131

14,292

14,909

0

0

0

Provision for loan losses

5,002

2,599

3,242

2,820

3,044

2,936

2,050

1,778

1,459

782

511

742

662

787

1,183

955

776

922

212

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Credit) provision for loan losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

515

165

300

630

730

730

430

400

415

430

445

826

2,176

0

0

0

Net interest income after provision for loan losses

80,452

81,281

81,131

79,273

77,785

73,708

68,495

60,831

51,860

45,546

40,337

38,847

38,291

37,477

36,776

33,762

28,892

24,073

21,098

19,770

18,751

18,222

15,955

14,784

14,934

14,630

14,651

14,223

14,167

14,138

13,671

13,697

13,551

13,686

13,466

12,733

0

0

0

Noninterest income:
Service charges on deposit accounts

3,018

2,902

2,784

2,641

2,491

2,416

0

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of securities

-

-

0

0

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage banking

1,868

1,566

1,685

1,489

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment services

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Insurance commissions

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Customer service fees

-

-

-

-

-

-

-

-

-

-

-

-

1,096

-

1,276

1,188

1,078

912

462

393

453

512

749

829

821

821

809

788

794

803

814

832

850

868

965

1,091

0

0

0

Gain on sale of securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

199

181

135

52

0

0

0

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

0

0

Net gains (losses) from sale of securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

629

629

754

652

0

0

0

-

-

-

-

-

-

-

-

-

-

Gain on sale of loans and other assets

-

-

-

-

-

-

-

-

1,326

1,275

1,146

1,209

1,001

948

432

211

44

-112

278

259

234

188

235

227

273

403

268

277

251

151

171

155

150

134

122

199

0

0

0

Interchange and debit card transaction fees

729

628

628

624

602

573

0

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Merger termination fee

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interchange and debit card transaction fees

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Loss) gain on sale of foreclosed assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

877

300

-58

266

-710

-315

-242

-625

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

3,849

3,785

2,527

2,335

2,172

2,161

1,941

1,723

1,477

1,281

1,317

1,437

1,514

1,716

1,600

1,478

1,305

1,123

1,510

1,415

1,196

978

299

56

56

62

61

62

62

64

66

68

71

71

71

76

0

0

0

Total noninterest income

16,435

15,315

14,030

13,665

6,826

6,584

6,449

5,865

5,540

5,027

4,389

4,345

4,054

4,183

4,385

3,360

2,506

2,243

1,307

1,518

1,656

1,170

1,572

1,453

1,906

1,939

1,564

1,552

1,107

1,019

1,051

1,116

1,180

1,182

2,325

3,093

0

0

0

Noninterest expense:
Salaries and employee benefits

38,243

36,635

34,324

33,186

31,851

30,630

29,030

26,132

23,240

20,743

18,893

18,170

17,898

17,715

17,402

16,275

14,025

11,831

10,817

10,127

9,614

9,140

7,760

6,884

6,784

6,555

6,438

6,386

6,333

6,327

6,340

6,233

6,165

6,117

6,028

6,091

0

0

0

Occupancy and equipment

6,987

6,716

6,542

6,545

6,409

6,303

5,910

5,385

4,826

4,271

3,929

3,781

3,955

3,995

3,976

3,718

3,156

2,682

2,852

2,662

2,411

2,176

1,474

1,290

1,306

1,335

1,420

1,440

1,449

1,447

1,352

1,358

1,361

1,431

1,515

1,522

0

0

0

FDIC insurance

141

140

349

726

863

786

726

670

414

465

481

533

623

605

588

579

526

487

287

262

327

385

600

642

639

644

640

715

760

803

901

898

932

1,052

1,183

1,209

0

0

0

Other real estate and loan related expense

1,375

1,320

2,286

2,529

3,213

2,913

1,752

1,221

307

131

109

141

193

236

309

320

304

289

-115

-155

-130

177

1,165

1,496

2,222

2,001

1,464

1,396

1,079

1,100

1,483

1,475

1,711

1,922

2,290

2,779

0

0

0

Advertising and marketing

886

983

1,062

1,027

983

873

794

743

658

638

549

551

606

615

636

588

515

452

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Data processing

1,918

1,995

1,837

1,971

1,994

1,906

2,203

2,279

2,155

1,875

1,752

1,719

1,798

1,893

1,845

1,688

1,328

1,196

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Professional services

2,424

2,375

2,205

2,359

2,457

2,694

2,813

2,558

2,445

2,084

2,040

2,127

2,205

2,122

2,425

2,775

2,557

2,454

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of intangibles

1,386

1,368

1,338

1,245

1,132

976

819

649

481

346

230

232

264

305

359

338

285

233

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Software as service contracts

2,098

2,195

2,271

2,218

2,142

2,054

1,903

1,760

1,580

1,398

1,252

1,161

1,164

1,154

1,116

1,041

877

750

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Merger related and restructuring expenses

4,392

3,219

4,114

4,879

4,206

3,781

4,152

3,617

2,914

2,417

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

6,515

6,205

6,466

6,161

6,058

6,041

5,711

5,614

5,167

4,758

4,624

4,225

3,997

3,855

3,864

3,642

3,258

2,787

891

1,236

1,485

1,720

3,394

3,239

3,218

3,309

3,655

3,418

3,456

3,498

3,123

3,108

3,137

3,126

3,341

3,564

0

0

0

Total noninterest expense

66,365

63,151

62,799

62,851

61,313

58,957

55,819

50,634

44,191

39,129

34,589

33,064

32,708

32,499

32,525

30,969

26,837

23,165

20,866

18,678

17,422

16,443

14,395

13,554

14,171

13,846

13,619

13,357

13,079

13,177

13,201

13,074

13,309

13,651

14,359

15,167

0

0

0

Income before income tax expense

30,522

33,445

32,362

30,087

23,298

21,335

19,124

16,062

13,209

11,443

10,137

10,129

9,637

9,160

8,636

6,153

4,561

3,150

1,539

2,609

2,985

2,950

3,132

2,683

2,669

2,723

2,596

2,418

2,195

1,979

1,521

1,739

1,422

1,218

1,432

0

0

0

-

Income (loss) before provision for income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Income tax expense

5,973

6,897

6,116

5,480

3,880

3,233

7,416

6,992

6,423

6,429

3,513

3,578

3,544

3,362

3,302

2,507

2,041

1,640

905

1,194

1,226

1,117

1,201

1,029

1,028

1,042

949

835

697

577

377

435

288

188

301

34

0

0

0

Net income

-

-

-

-

-

-

-

-

-

5,015

6,624

6,550

6,093

5,798

5,333

3,645

2,520

1,509

633

1,415

1,758

1,832

1,930

1,654

1,640

1,680

1,647

1,583

1,497

1,402

1,144

1,303

1,134

1,030

1,130

625

0

0

0

Preferred Stock Dividends, Income Statement Impact

-

-

-

-

-

-

-

-

-

195

465

735

1,005

1,022

782

542

302

120

-570

-570

-225

120

1,155

1,500

1,500

1,500

1,500

1,433

1,338

1,229

1,107

985

823

651

398

211

0

0

0

Accretion on preferred stock discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

71

71

71

71

69

67

63

60

57

51

36

22

9

0

0

0

Net income

0

-

26,246

24,607

0

-

11,708

9,069

6,785

4,820

6,159

5,815

5,088

4,776

4,551

3,103

2,218

1,389

1,239

2,021

2,001

1,712

722

82

69

109

76

79

91

108

-23

260

259

342

709

405

0

0

0

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

0.19

0.48

0.43

0.65

0.34

0.50

0.34

0.32

0.30

-0.03

0.20

0.20

0.19

0.23

0.23

0.16

0.20

0.27

-0.03

0.01

0.10

0.36

0.22

0.00

0.00

0.00

0.01

0.00

0.01

0.00

0.01

0.00

0.01

-0.02

0.05

0.00

0.02

0.03

0.00

Diluted (in dollars per share)

0.19

0.48

0.42

0.65

0.34

0.49

0.34

0.32

0.30

-0.04

0.20

0.20

0.19

0.22

0.22

0.15

0.19

0.25

-0.03

0.01

0.09

0.32

0.20

0.00

0.00

0.00

0.01

0.00

0.01

0.00

0.01

0.00

0.01

-0.02

0.05

0.00

0.02

0.03

0.00

Weighted average common shares outstanding:
Basic (in shares)

14,395

13,964

13,955

13,951

13,942

13,563

12,718

12,201

11,210

10,580

8,234

8,216

7,524

5,891

5,834

5,820

5,807

6,072

3,936

2,965

2,965

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted (in shares)

14,479

14,067

14,053

14,046

14,018

13,612

12,817

12,320

11,319

10,896

8,320

8,325

7,631

6,139

6,096

6,131

6,108

6,295

4,243

3,293

3,293

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends per common share (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

0.00

-

0.00

0.00

0.00

-

0.00

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends per share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

DIVIDENDS DECLARED PER COMMON SHARE

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

0.00

-

0.00

0.00

0.00

-

0.00

0.00

0.00

-

0.00

0.00

0.00

0.00

0.00