Smartbank Mortgage Rates, Fees & Info
Pigeon Forge, TN
LEI: 549300GZY55UGMUMI322
Tax ID: 20-4091629
5 stars
-
out of 5 stars, based on 30 reviews
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Mortgage Data
Bank Data
Overview
Smartbank is a
smaller
bank
specializing in
Home Purchase and Refi loans.
Smartbank has a high proportion of conventional loans.
They have a a low proportion of FHA loans. (This may mean they shy away from
first time homebuyers.)
They have a low ratio of USDA loans.
Their top markets include Chattanooga, Knoxville, Pensacola, Panama City, and Cleveland among others. Smartbank has
an above average
approval rate for mortages when compared nationally.
They have
a below average
pick rate when compared to the same sample of other lendors.
Smartbank is typically
an average fee
lendor.
Originations
901
Origination Dollar Volume (All Markets)
$304,535,000
Employee count
549
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Relative Rate
Smartbank's average 30 year fixed rate mortgage of loans were
3.05%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.1%.
Relative Fees
Smartbank's average total fees for a 30 year fixed rate
mortgage are $3,888.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
|
CHATTANOOGA, TN-GA (FHA|USDA|VA)
|
141
|
$73,315,000 |
$519,965 |
$5,131 |
3.72% |
|
KNOXVILLE, TN (FHA|USDA|VA)
|
162
|
$40,390,000 |
$249,321 |
$4,474 |
3.36% |
|
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA)
|
16
|
$35,970,000 |
$2,248,125 |
$6,534 |
4.03% |
|
PANAMA CITY, FL (FHA|USDA|VA)
|
89
|
$25,255,000 |
$283,764 |
$6,023 |
3.19% |
|
CLEVELAND, TN (FHA|USDA|VA)
|
78
|
$20,330,000 |
$260,641 |
$3,119 |
3.32% |
|
TUSCALOOSA, AL (FHA|USDA|VA)
|
63
|
$18,295,000 |
$290,397 |
$3,969 |
3.34% |
|
Sevierville, TN (FHA|USDA|VA)
|
50
|
$12,060,000 |
$241,200 |
$4,647 |
3.39% |
|
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA)
|
27
|
$11,775,000 |
$436,111 |
$4,023 |
3.46% |
|
Outside of Metro Areas
|
50 |
$10,660,000 |
$213,200 |
$3,802 |
3.58% |
|
Tullahoma-Manchester, TN (FHA|USDA|VA)
|
44
|
$9,180,000 |
$208,636 |
$3,465 |
2.95% |
|
Crossville, TN (FHA|USDA|VA)
|
42
|
$6,970,000 |
$165,952 |
$2,983 |
3.18% |
|
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA)
|
15
|
$6,465,000 |
$431,000 |
$6,154 |
3.43% |
|
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA)
|
8
|
$4,860,000 |
$607,500 |
$3,583 |
3.72% |
|
Shelbyville, TN (FHA|USDA|VA)
|
8
|
$4,270,000 |
$533,750 |
$3,397 |
3.23% |
|
Cookeville, TN (FHA|USDA|VA)
|
24
|
$4,210,000 |
$175,417 |
$2,939 |
3.22% |
|
TALLAHASSEE, FL (FHA|USDA|VA)
|
9
|
$3,655,000 |
$406,111 |
$6,411 |
2.88% |
|
HUNTSVILLE, AL (FHA|USDA|VA)
|
19
|
$3,555,000 |
$187,105 |
$4,101 |
3.87% |
|
MOBILE, AL (FHA|USDA|VA)
|
15
|
$3,425,000 |
$228,333 |
$2,889 |
3.50% |
|
MORRISTOWN, TN (FHA|USDA|VA)
|
5
|
$1,645,000 |
$329,000 |
$6,238 |
3.66% |
|
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA)
|
9
|
$1,635,000 |
$181,667 |
$3,292 |
3.54% |
|
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA)
|
2
|
$1,520,000 |
$760,000 |
$0 |
4.00% |
|
Athens, TN (FHA|USDA|VA)
|
4
|
$770,000 |
$192,500 |
$3,710 |
3.09% |
|
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA)
|
3
|
$685,000 |
$228,333 |
$5,467 |
4.05% |
|
AUBURN-OPELIKA, AL (FHA|USDA|VA)
|
2
|
$550,000 |
$275,000 |
$5,439 |
2.44% |
|
JOHNSON CITY, TN (FHA|USDA|VA)
|
2
|
$490,000 |
$245,000 |
$0 |
3.77% |
|
Summerville, GA (FHA|USDA|VA)
|
1
|
$405,000 |
$405,000 |
$0 |
3.50% |
|
Albertville, AL (FHA|USDA|VA)
|
1
|
$395,000 |
$395,000 |
$2,609 |
2.50% |
|
Dayton, TN (FHA|USDA|VA)
|
1
|
$365,000 |
$365,000 |
$2,663 |
3.13% |
|
GADSDEN, AL (FHA|USDA|VA)
|
1
|
$245,000 |
$245,000 |
$2,663 |
2.63% |
|
DALTON, GA (FHA|USDA|VA)
|
2
|
$200,000 |
$100,000 |
$7,059 |
4.15% |
|
DOTHAN, AL (FHA|USDA|VA)
|
2
|
$190,000 |
$95,000 |
$2,459 |
2.81% |
|
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA)
|
1
|
$185,000 |
$185,000 |
$0 |
3.40% |
|
COLUMBIA, SC (FHA|USDA|VA)
|
1
|
$175,000 |
$175,000 |
$3,042 |
3.63% |
|
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA)
|
1
|
$165,000 |
$165,000 |
$4,667 |
4.00% |
|
JACKSONVILLE, FL (FHA|USDA|VA)
|
1
|
$125,000 |
$125,000 |
$2,338 |
2.25% |
|
Newport, TN (FHA|USDA|VA)
|
1
|
$115,000 |
$115,000 |
$3,875 |
3.00% |
|
ALBANY, GA (FHA|USDA|VA)
|
1
|
$35,000 |
$35,000 |
$0 |
3.40% |
Smartbank's top markets include Chattanooga, Knoxville, Pensacola, Panama City, and Cleveland among others.
Product Mix
| Loan Type |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Conventional |
842 |
$290,690,000 |
$345,238 |
$4,069 |
3.46% |
| FHA |
30 |
$6,360,000 |
$212,000 |
$7,063 |
2.62% |
| VA |
20 |
$6,120,000 |
$306,000 |
$7,498 |
2.78% |
| USDA |
9 |
$1,365,000 |
$151,667 |
$4,468 |
2.61% |
For the 2021 period, Smartbank's most frequently
originated loan type
of loans were Conventional, with 842 originations.
Their 2nd most popular type is FHA,
with 30 originations.
Loan Reason
| Loan Reason |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Home Purchase |
465 |
$186,505,000 |
$401,086 |
$5,627 |
3.58% |
| Refi |
266 |
$79,560,000 |
$299,098 |
$3,070 |
3.18% |
| Cash Out Refi |
150 |
$36,300,000 |
$242,000 |
$3,395 |
3.19% |
| Home Improvement |
14 |
$1,500,000 |
$107,143 |
$2,481 |
4.28% |
| Other |
6 |
$670,000 |
$111,667 |
$2,470 |
3.64% |
For the 2021, Smartbank's most frequently cited loan
purpose
of loans were Home Purchase, with 465
originations.
The 2nd most popular reason of loans were Refi,
with 266 originations.
Loan Duration/Length
| Loan Length |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| 30 Year |
401 |
$106,275,000 |
$265,025 |
$3,888 |
3.05% |
| 5 Year |
154 |
$84,640,000 |
$549,610 |
$0 |
4.39% |
| 15 Year |
118 |
$23,550,000 |
$199,576 |
$3,146 |
2.65% |
| 30+ year |
72 |
$28,010,000 |
$389,028 |
$9,342 |
3.99% |
| Other |
69 |
$33,025,000 |
$478,623 |
$4,786 |
3.79% |
| 20 Year |
38 |
$9,150,000 |
$240,789 |
$2,852 |
3.07% |
| 10 Year |
26 |
$11,710,000 |
$450,385 |
$2,425 |
3.69% |
| 1 Year |
16 |
$5,980,000 |
$373,750 |
$0 |
4.31% |
| 3 Year |
7 |
$2,195,000 |
$313,571 |
$0 |
4.14% |
For the 2021, Smartbank's most frequently cited loan
length
of loans were 30 Year, with 401 originations.
The 2nd most popular length of loans were 5 Year,
with 154 originations.
Origination Fees
| Origination Fee |
Originations |
Total Value |
Average Loan |
| $<1k |
419 |
$98,235,000 |
$234,451 |
| $1k-2k |
74 |
$14,450,000 |
$195,270 |
| $2k-3k |
63 |
$19,775,000 |
$313,889 |
| $3k-4k |
52 |
$20,390,000 |
$392,115 |
| $5k+ |
18 |
$12,280,000 |
$682,222 |
$3,888 of loans were Smartbank's
average total fees, while their most
frequently occuring range of origination fees were in the
$<1k bucket,
with 419 originations.
Interest Rates
| Loan Rate |
Originations |
Total Value |
Average Loan |
| 3-4% |
349 |
$147,965,000 |
$423,968 |
| 2.5-3% |
209 |
$48,575,000 |
$232,416 |
| 4-5% |
178 |
$74,240,000 |
$417,079 |
| <2.5% |
136 |
$30,060,000 |
$221,029 |
| 5-6% |
26 |
$3,510,000 |
$135,000 |
| 6-7% |
3 |
$185,000 |
$61,667 |
During 2021, Smartbank's average interest
rate of loans were 3.05%, while their
most frequently originated rate bucket of loans were 3-4%,
with 349 originations.
Loan Sizing
| Loan Size |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $200k-400k |
311 |
$86,245,000 |
$277,315 |
$4,654 |
3.27% |
| $100k-200k |
277 |
$41,395,000 |
$149,440 |
$3,239 |
3.30% |
| $100,000 or less |
146 |
$10,590,000 |
$72,534 |
$2,427 |
3.80% |
| $400k-600k |
111 |
$53,195,000 |
$479,234 |
$6,092 |
3.39% |
| $1MM+ |
30 |
$92,000,000 |
$3,066,667 |
$9,766 |
3.67% |
| $600k-1MM |
26 |
$21,110,000 |
$811,923 |
$10,406 |
3.77% |
2021 saw Smartbank place emphasis on
$200k-400k loans
with 311 originations, totaling
$86,245,000 in origination value.
Applicant Income
| Applicant Income |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $100k-150k |
165 |
$41,305,000 |
$250,333 |
$4,323 |
3.39% |
| $50k-75k |
156 |
$27,930,000 |
$179,038 |
$3,794 |
3.20% |
| $75k-100k |
138 |
$30,600,000 |
$221,739 |
$4,351 |
3.26% |
| $150k-250k |
122 |
$39,410,000 |
$323,033 |
$5,229 |
3.37% |
| $50k or less |
112 |
$15,800,000 |
$141,071 |
$3,069 |
3.23% |
| $250k+ |
64 |
$29,760,000 |
$465,000 |
$6,433 |
3.55% |
Smartbank lent most frequently to those with incomes in the
$100k-150k range, with
165 originations.
The second most popular income band? $50k-75k,
with 156 originations.
Applicant Debt to Income Ratio
| DTI Ratio |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| 20-30% |
154 |
$39,180,000 |
$254,416 |
$4,008 |
3.04% |
| 30-36% |
139 |
$36,105,000 |
$259,748 |
$4,029 |
3.14% |
| <20% |
86 |
$20,600,000 |
$239,535 |
$3,713 |
2.91% |
| 39% |
32 |
$7,760,000 |
$242,500 |
$4,669 |
3.38% |
| 36% |
30 |
$7,970,000 |
$265,667 |
$4,400 |
3.12% |
| 38% |
30 |
$8,720,000 |
$290,667 |
$5,880 |
3.29% |
| 40% |
26 |
$7,390,000 |
$284,231 |
$5,075 |
3.21% |
| 41% |
25 |
$7,785,000 |
$311,400 |
$4,948 |
3.22% |
| 42% |
23 |
$6,325,000 |
$275,000 |
$4,367 |
3.33% |
| 44% |
19 |
$4,815,000 |
$253,421 |
$5,173 |
3.39% |
| 37% |
17 |
$5,175,000 |
$304,412 |
$4,668 |
3.19% |
| 45% |
14 |
$3,180,000 |
$227,143 |
$4,510 |
2.96% |
| 47% |
12 |
$2,480,000 |
$206,667 |
$4,135 |
3.19% |
| 43% |
11 |
$2,845,000 |
$258,636 |
$4,317 |
3.00% |
| 46% |
9 |
$2,335,000 |
$259,444 |
$5,485 |
3.04% |
| 50-60% |
8 |
$2,340,000 |
$292,500 |
$6,335 |
2.69% |
| 49% |
5 |
$1,695,000 |
$339,000 |
$5,561 |
2.82% |
| 48% |
3 |
$865,000 |
$288,333 |
$5,451 |
3.15% |
| >60% |
1 |
$125,000 |
$125,000 |
$940 |
4.25% |
Smartbank lent most frequently to those with DTI ratios
of 20-30%, with
154 originations.
The next most common DTI ratio? 30-36%,
with 139 originations.
Ethnicity Mix
| Applicant Ethnicity |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| White |
692 |
$172,370,000 |
$249,090 |
$4,299 |
3.31% |
| Not applicable |
135 |
$113,725,000 |
$842,407 |
$0 |
3.88% |
| Not provided |
36 |
$9,360,000 |
$260,000 |
$4,179 |
3.27% |
| Black |
21 |
$5,505,000 |
$262,143 |
$5,967 |
3.77% |
| Asian |
10 |
$2,290,000 |
$229,000 |
$5,201 |
3.63% |
| American Indian |
4 |
$830,000 |
$207,500 |
$3,267 |
3.36% |
| Asian Indian |
3 |
$455,000 |
$151,667 |
$2,429 |
3.55% |
Approval Rates
Total approvals of all applications
93.49%
Smartbank has an average approval rate.
Pick Rate
Approvals leading to origination
85.16%
Smartbank has an average pick rate.
Points and Fees
| Points |
Originations |
Total Value |
Average Loan |
| NA |
901 |
$304,535,000 |
$337,997 |
Occupancy Type Mix
| Dwelling Type |
Originations |
Total Value |
Average Loan |
|
901 |
$304,535,000 |
$337,997 |
LTV Distribution
| Loan to Value |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| 20-40% |
66 |
$12,440,000 |
$188,485 |
$3,276 |
3.38% |
| 40-60% |
185 |
$48,645,000 |
$262,946 |
$3,177 |
3.32% |
| 60-80% |
391 |
$160,385,000 |
$410,192 |
$4,374 |
3.50% |
| 80-100% |
243 |
$80,335,000 |
$330,597 |
$5,225 |
3.34% |
| Over 100% |
3 |
$965,000 |
$321,667 |
$10,164 |
2.42% |
| Under 20% |
12 |
$1,560,000 |
$130,000 |
$3,091 |
3.58% |
Complaints
| Bank Name |
Product |
Issue |
2021 CPFB Complaints |
% of Total Issues |
| SI Mortgage Comapny Co. |
Conventional home mortgage |
Closing on a mortgage |
1 |
100.0% |
Bank Details
Branches
| Bank Name |
Branch |
Branch Type |
Deposits (000's) |
| Smartbank |
2713 Highway 77 Panama City, FL 32405 |
Full Service B&M
|
$47,748 |
| Smartbank |
158 Commerce Street Mcintosh, AL 36553 |
Full Service B&M
|
$25,866 |
| Smartbank |
1600 College Avenue Jackson, AL 36545 |
Full Service B&M
|
$67,707 |
| Smartbank |
16780 Jordan Street Chatom, AL 36518 |
Full Service B&M
|
$36,321 |
| Smartbank |
1950 Old Fort Parkway Murfreesboro, TN 37129 |
Full Service B&M
|
$41,020 |
| Smartbank |
2000 Lurleen B. Wallace Boulevard Northport, AL 35476 |
Full Service B&M
|
$84,293 |
| Smartbank |
201 North Palafox Street Pensacola, FL 32502 |
Full Service B&M
|
$41,289 |
| Smartbank |
202 Advantage Place Knoxville, TN 37922 |
Full Service B&M
|
$73,288 |
| Smartbank |
2108 Medical Center Pkwy, Ste J Murfreesboro, TN 37129 |
Full Service B&M
|
$17,943 |
| Smartbank |
214 Keller Lane Maryville, TN 37801 |
Full Service B&M
|
$176,942 |
| Smartbank |
2280 Gunbarrel Road Chattanooga, TN 37421 |
Full Service B&M
|
$62,058 |
| Smartbank |
230 Mcfarland Circle North Tuscaloosa, AL 35406 |
Full Service B&M
|
$53,050 |
| Smartbank |
2301 University Boulevard Tuscaloosa, AL 35401 |
Full Service B&M
|
$250,046 |
| Smartbank |
2430 Teaster Lane, Suite 205 Pigeon Forge, TN 37863 |
Full Service B&M
|
$235,499 |
| Smartbank |
1011 Parkway Sevierville, TN 37862 |
Full Service B&M
|
$204,019 |
| Smartbank |
106 Ecor Rouge Place Fairhope, AL 36532 |
Full Service B&M
|
$56,752 |
| Smartbank |
1080 Interstate Dr Cookeville, TN 38501 |
Full Service B&M
|
$54,115 |
| Smartbank |
109 Associates Boulevard Alcoa, TN 37701 |
Full Service B&M
|
$24,878 |
| Smartbank |
11216 Kingston Pike Knoxville, TN 37934 |
Full Service B&M
|
$45,336 |
| Smartbank |
1400 North Jackson Street Tullahoma, TN 37388 |
Full Service B&M
|
$89,212 |
| Smartbank |
807 North Main Crossville, TN 38555 |
Full Service B&M
|
$139,438 |
| Smartbank |
835 Georgia Ave Chattanooga, TN 37402 |
Full Service B&M
|
$157,321 |
| Smartbank |
8966 Old Lee Highway Ooltewah, TN 37363 |
Full Service B&M
|
$32,940 |
| Smartbank |
300 Clinton Avenue W. Huntsville, AL 35801 |
Full Service B&M
|
$19,328 |
| Smartbank |
3200 Keith Street Northwest Cleveland, TN 37312 |
Full Service B&M
|
$41,018 |
| Smartbank |
33219 Us Highway 43 Thomasville, AL 36784 |
Full Service Retail
|
$24,811 |
| Smartbank |
4154 Ringgold Road East Ridge, TN 37412 |
Full Service B&M
|
$117,319 |
| Smartbank |
4405 Commons Drive East Destin, FL 32541 |
Full Service B&M
|
$148,278 |
| Smartbank |
4929 Peavine Road, Suite 108 Crossville, TN 38571 |
Full Service B&M
|
$22,589 |
| Smartbank |
500 North Main Street Jamestown, TN 38556 |
Full Service B&M
|
$75,176 |
| Smartbank |
5319 Highway 153 Hixson, TN 37343 |
Full Service B&M
|
$96,579 |
| Smartbank |
5401 Kingston Pike, Suite 600 Knoxville, TN 37919 |
Full Service B&M
|
$139,051 |
| Smartbank |
570 East Parkway Gatlinburg, TN 37738 |
Full Service B&M
|
$162,981 |
| Smartbank |
705 Main St Wartburg, TN 37887 |
Full Service B&M
|
$78,937 |
| Smartbank |
710 Dolly Parton Parkway Sevierville, TN 37862 |
Full Service B&M
|
$207,791 |
For 2021, Smartbank had 35 branches.
Yearly Performance Overview
Bank Income
Smartbank's gross interest income from loans was $125,232,000.
Smartbank's net interest income from loans was $115,906,000.
Smartbank's fee based income from loans was $4,650,000.
Smartbank's net income from loans was $37,521,000.
Bank Expenses
| Item |
Value (in 000's) |
| Total interest expense |
$9,326 |
| Provision for credit losses |
$1,633 |
| Total noninterest expense |
$90,123 |
| Salaries and employee benefits |
$51,268 |
| Premises and equipment expense |
$9,923 |
| Additional noninterest expense |
$28,932 |
| Applicable income taxes |
$10,416 |
| Net charge-offs |
$627 |
| Cash dividends |
$0 |
Smartbank's interest expense for loans was $9,326,000.
Smartbank's payroll and benefits expense were $51,268,000.
Smartbank's property, plant and equipment expenses $9,923,000.
Deposits
| Type |
Value (in 000's) |
| Total deposits |
$4,034,852 |
| Deposits held in domestic offices |
$4,034,852 |
| Deposits by Individuals, partnerships, and corporations |
$3,581,922 |
| Deposits by U.S. Government |
$0 |
| Deposits by States and political subdivisions in the U.S. |
$386,496 |
| Deposits by Commercial banks and other depository institutions in U.S. |
$66,434 |
| Deposits by Banks in foreign countries |
$0 |
| Deposits by Foreign governments and official institutions |
$0 |
| Transaction accounts |
$1,967,197 |
| Demand deposits |
$1,450,190 |
| Nontransaction accounts |
$2,067,655 |
| Money market deposit accounts (MMDAs) |
$1,215,312 |
| Other savings deposits (excluding MMDAs) |
$277,695 |
| Total time deposits |
$574,648 |
| Total time and savings deposits |
$2,584,662 |
| Noninterest-bearing deposits |
$1,068,039 |
| Interest-bearing deposits |
$2,966,813 |
| Retail deposits |
$3,831,509 |
| IRAs and Keogh plan accounts |
$74,319 |
| Brokered deposits |
$52,141 |
| Deposits held in foreign offices |
$0 |
Assets
| Asset |
Value (in 000's) |
| Total Assets |
$4,606,198 |
| Cash & Balances due from depository institutions |
$1,007,577 |
| Interest-bearing balances |
$897,244 |
| Total securities |
$559,422 |
| Federal funds sold & reverse repurchase |
$37,500 |
| Net loans and leases |
$2,679,149 |
| Loan and leases loss allowance |
$19,352 |
| Trading account assets |
$0 |
| Bank premises and fixed assets |
$95,010 |
| Other real estate owned |
$1,780 |
| Goodwill and other intangibles |
$105,852 |
| All other assets |
$119,908 |
Liabilities
| Liabilities |
Value (in 000's) |
| Total liabilities and capital |
$4,606,198 |
| Total Liabilities |
$4,143,410 |
| Total deposits |
$4,034,852 |
| Interest-bearing deposits |
$2,966,813 |
| Deposits held in domestic offices |
$4,034,852 |
| % insured (estimated) |
$61 |
| Federal funds purchased and repurchase agreements |
$5,085 |
| Trading liabilities |
$0 |
| Other borrowed funds |
$84,881 |
| Subordinated debt |
$0 |
| All other liabilities |
$18,592 |
Issued Loan Types
| Type |
Value (in 000's) |
| Net loans and leases |
$2,679,149 |
| Loan and leases loss allowance |
$19,352 |
| Total loans and leases (domestic) |
$2,698,501 |
| All real estate loans |
$2,144,917 |
| Real estate loans in domestic offices |
$2,144,917 |
| Construction and development loans |
$278,386 |
| Residential 1-4 family construction |
$74,941 |
| Other construction, all land development and other land |
$203,445 |
| Loans secured by nonfarm nonresidential properties |
$1,228,382 |
| Nonfarm nonresidential secured by owner-occupied properties |
$572,218 |
| Commercial real estate & other non-farm, non-residential |
$656,164 |
| Multifamily residential real estate |
$137,928 |
| 1-4 family residential loans |
$482,375 |
| Farmland loans |
$17,846 |
| Loans held in foreign offices |
$0 |
| Farm loans |
$622 |
| Commercial and industrial loans |
$467,567 |
| To non-U.S. addressees |
$0 |
| Loans to individuals |
$10,291 |
| Credit card loans |
$0 |
| Related Plans |
$1,153 |
| Consumer Auto Loans |
$2,413 |
| Other loans to individuals |
$6,725 |
| All other loans & leases |
$75,104 |
| Loans to foreign governments and official institutions |
$0 |
| Other loans |
$939 |
| Loans to depository institutions and acceptances of other banks |
$0 |
| Loans not secured by real estate |
$9,843 |
| Loans secured by real estate to non-U.S. addressees |
$1,416 |
| Restructured Loans & leases |
$6 |
| Non 1-4 family restructured loans & leases |
$6 |
| Total loans and leases (foreign) |
$0 |
SmartBank had $2,679,149,000 of loans outstanding in 2021. $2,144,917,000 of loans were in real estate loans.
$278,386,000 of loans were in development loans. $137,928,000 of loans were in multifamily mortgage loans.
$482,375,000 of loans were in 1-4 family mortgage loans. $622,000 of loans were in farm loans. $0
of loans were in credit card loans. $2,413,000 of loans were in the auto loan category.
Small Business Loans
| Categorization |
# of Loans in Category |
$ amount of loans (in 000's) |
Average $/loan |
| Nonfarm, nonresidential loans - <$1MM |
1,155 |
$315,739 |
$273,367 |
| Nonfarm, nonresidential loans - <$100k |
165 |
$6,627 |
$40,164 |
| Nonfarm, nonresidential loans - $100-250k |
337 |
$42,875 |
$127,226 |
| Nonfarm, nonresidential loans - $250k-1MM |
653 |
$266,237 |
$407,714 |
| Commercial & Industrial, US addressed loans - <$1MM |
2,664 |
$217,649 |
$81,700 |
| Commercial & Industrial, US addressed loans - <$100k |
1,737 |
$35,948 |
$20,695 |
| Commercial & Industrial, US addressed loans - $100-250k |
487 |
$49,884 |
$102,431 |
| Commercial & Industrial, US addressed loans - $250k-1MM |
440 |
$131,817 |
$299,584 |
| Farmland loans - <$1MM |
76 |
$6,735 |
$88,618 |
| Farmland loans - <$100k |
37 |
$1,190 |
$32,162 |
| Farmland loans - $100-250k |
28 |
$2,607 |
$93,107 |
| Farmland loans - $250k-1MM |
11 |
$2,938 |
$267,091 |
| Agriculture operations loans - <$1MM |
6 |
$621 |
$103,500 |
| Agriculture operations loans - <$100k |
2 |
$34 |
$17,000 |
| Agriculture operations loans - $100-250k |
3 |
$377 |
$125,667 |
| Agriculture operations loans - $250k-1MM |
1 |
$210 |
$210,000 |
