Smartbank Mortgage Rates, Fees & Info

Pigeon Forge, TN

LEI: 549300GZY55UGMUMI322

Tax ID: 20-4091629

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Smartbank is a smaller bank specializing in Home Purchase 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 by origination volume include: Sevierville, Chattanooga, Knoxville, Panama City, and Tuscaloosa among others. We have data for 37 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Smartbank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Smartbank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 11/21/24
    30 Year Conventional Purchase 6.11% 11/21/24
    30 Year Conventional Refi 6.12% 11/21/24
    30 Year Cash-out Refi 6.51% 11/21/24
    30 Year FHA Purchase 7.06% 11/21/24
    30 Year FHA Refi 6.27% 11/21/24
    30 Year VA Purchase 6.47% 11/21/24
    30 Year VA Refi 6.27% 11/21/24
    30 Year USDA Purchase 6.92% 11/21/24
    15 Year Conventional Purchase 5.60% 11/21/24
    15 Year Conventional Refi 6.03% 11/21/24
    15 Year Cash-out Refi 6.03% 11/21/24
    15 Year FHA Purchase 5.68% 11/21/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Smartbank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Smartbank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    629

    Origination Dollar Volume (All Markets)

    $192,805,000

    Employee count

    399

    Awards

    SmartBank 30 Year Conventional Loans bronze SmartBank FHA Loans gold SmartBank FHA Loans gold SmartBank VA Loans silver
    Show all (4) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    Sevierville, TN (FHA|USDA|VA) 52 $38,260,000 $735,769 $5,163 4.62%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 128 $37,450,000 $292,578 $4,914 4.83%
    KNOXVILLE, TN (FHA|USDA|VA) 85 $23,045,000 $271,118 $4,063 4.64%
    PANAMA CITY, FL (FHA|USDA|VA) 98 $21,580,000 $220,204 $5,125 4.16%
    TUSCALOOSA, AL (FHA|USDA|VA) 63 $18,895,000 $299,921 $3,833 4.52%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 19 $9,245,000 $486,579 $6,064 4.27%
    Tullahoma-Manchester, TN (FHA|USDA|VA) 35 $7,185,000 $205,286 $4,670 4.45%
    MORRISTOWN, TN (FHA|USDA|VA) 17 $6,905,000 $406,176 $4,413 4.54%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 17 $3,675,000 $216,176 $3,890 4.43%
    Outside of Metro Areas 16 $3,330,000 $208,125 $4,743 4.64%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 9 $3,165,000 $351,667 $4,691 4.17%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 13 $2,965,000 $228,077 $4,036 4.40%
    HUNTSVILLE, AL (FHA|USDA|VA) 18 $2,930,000 $162,778 $4,030 4.93%
    CLEVELAND, TN (FHA|USDA|VA) 17 $2,775,000 $163,235 $4,753 4.91%
    Cornelia, GA (FHA|USDA|VA) 1 $1,745,000 $1,745,000 $16,103 4.75%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 8 $1,590,000 $198,750 $3,245 4.17%
    Cullowhee, NC (FHA|USDA|VA) 1 $1,245,000 $1,245,000 $0 5.25%
    MOBILE, AL (FHA|USDA|VA) 8 $1,110,000 $138,750 $3,869 4.41%
    Scottsboro, AL (FHA|USDA|VA) 2 $920,000 $460,000 $0 5.62%
    DECATUR, AL (FHA|USDA|VA) 1 $775,000 $775,000 $0 4.75%
    Selma, AL (FHA|USDA|VA) 1 $465,000 $465,000 $0 5.15%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $455,000 $455,000 $0 4.25%
    Athens, TN (FHA|USDA|VA) 3 $425,000 $141,667 $4,095 4.65%
    Shelbyville, TN (FHA|USDA|VA) 2 $340,000 $170,000 $4,136 4.38%
    COLUMBIA, SC (FHA|USDA|VA) 1 $325,000 $325,000 $3,240 3.75%
    AMES, IA (FHA|USDA|VA) 1 $265,000 $265,000 $2,684 3.63%
    TALLAHASSEE, FL (FHA|USDA|VA) 2 $260,000 $130,000 $3,182 3.80%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $225,000 $225,000 $0 6.00%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $195,000 $195,000 $3,126 3.88%
    Greeneville, TN (FHA|USDA|VA) 1 $195,000 $195,000 $0 4.19%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $185,000 $185,000 $0 5.25%
    Portales, NM (FHA|USDA|VA) 1 $145,000 $145,000 $1,358 3.25%
    Atmore, AL (FHA|USDA|VA) 1 $145,000 $145,000 $0 4.43%
    Fort Payne, AL (FHA|USDA|VA) 1 $135,000 $135,000 $2,540 3.88%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $125,000 $125,000 $7,302 4.63%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $75,000 $75,000 $2,436 3.88%
    Summerville, GA (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.05%
    Smartbank's top markets include Sevierville, Chattanooga, Knoxville, Panama City, and Tuscaloosa among others.

    Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against SmartBank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    US COMMUNITY
    Similarity Rank: 64
    Trust Federal Credit Union
    Similarity Rank: 146
    ENRICHMENT
    Similarity Rank: 176
    ALABAMA CREDIT UNION
    Similarity Rank: 180
    Alabama One Credit Union
    Similarity Rank: 247
    Home Federal Bank of Tennessee
    Similarity Rank: 570
    First Advantage Bank
    Similarity Rank: 650
    THE TENNESSEE CREDIT UNION
    Similarity Rank: 720
    Citizens Tri-County Bank
    Similarity Rank: 741
    Y-12 Federal Credit Union
    Similarity Rank: 915

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 553 $176,315,000 $318,834 $4,404 4.67%
    VA 35 $9,555,000 $273,000 $5,618 3.64%
    FHA 34 $5,890,000 $173,235 $6,181 3.71%
    USDA 7 $1,045,000 $149,286 $4,693 3.85%

    For 2019, Smartbank's most frequently originated type of loan was Conventional, with 553 originations. Their 2nd most popular type was VA, with 35 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 404 $132,300,000 $327,475 $5,112 4.50%
    Refi 112 $35,460,000 $316,607 $3,303 4.84%
    Cash Out Refi 100 $23,240,000 $232,400 $4,074 4.36%
    Home Improvement 12 $1,540,000 $128,333 $3,097 5.11%
    Other 1 $265,000 $265,000 $4,900 4.50%

    For 2019, Smartbank's most frequently cited loan purpose was Home Purchase, with 404 originations. The 2nd most popular reason was Refi, with 112 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 286 $68,200,000 $238,462 $4,175 4.15%
    5 Year 128 $33,090,000 $258,516 $0 5.35%
    Other 58 $40,770,000 $702,931 $6,022 4.89%
    15 Year 58 $15,920,000 $274,483 $3,487 3.93%
    30+ year 54 $21,050,000 $389,815 $8,646 4.73%
    10 Year 20 $9,030,000 $451,500 $2,175 4.97%
    1 Year 12 $1,620,000 $135,000 $0 5.34%
    20 Year 9 $1,585,000 $176,111 $3,610 4.22%
    3 Year 4 $1,540,000 $385,000 $0 5.46%

    For 2019, Smartbank's most frequently cited loan duration was 30 Year, with 286 originations. The 2nd most popular length was 5 Year, with 128 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 211 $45,075,000 $213,626
    $1k-2k 97 $15,975,000 $164,691
    $2k-3k 56 $16,240,000 $290,000
    $3k-4k 24 $10,400,000 $433,333
    $4k-5k 13 $8,145,000 $626,538
    $5k+ 8 $7,820,000 $977,500

    Smartbank's average total fees were $4,175, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 211 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 271 $78,545,000 $289,834
    3-4% 183 $50,805,000 $277,623
    5-6% 147 $41,945,000 $285,340
    6-7% 19 $3,515,000 $185,000
    2.5-3% 5 $1,265,000 $253,000
    <2.5% 3 $16,565,000 $5,521,667
    7-8% 1 $165,000 $165,000

    During 2019, Smartbank's average interest rate for loans was 4.15%, while their most frequently originated rate bucket for loans was 4-5%, with 271 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 209 $30,485,000 $145,861 $3,625 4.47%
    $200k-400k 204 $55,310,000 $271,127 $5,139 4.40%
    $100,000 or less 114 $8,080,000 $70,877 $2,803 5.00%
    $400k-600k 60 $27,650,000 $460,833 $5,781 4.50%
    $600k-1MM 25 $19,715,000 $788,600 $9,989 4.84%
    $1MM+ 17 $51,565,000 $3,033,235 $14,421 4.08%

    2019 saw Smartbank place emphasis on $100k-200k loans with 209 originations, totaling $30,485,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 111 $27,265,000 $245,631 $4,931 4.41%
    $50k-75k 107 $18,485,000 $172,757 $3,914 4.26%
    $50k or less 84 $10,420,000 $124,048 $3,985 4.46%
    $75k-100k 78 $16,100,000 $206,410 $4,693 4.35%
    $250k+ 69 $33,555,000 $486,304 $6,605 4.63%
    $150k-250k 63 $18,065,000 $286,746 $4,603 4.51%

    Smartbank lent most frequently to those with incomes in the $100k-150k range, with 111 originations. The second most popular income band? $50k-75k, with 107 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 104 $24,940,000 $239,808 $4,609 4.24%
    30-36% 86 $22,340,000 $259,767 $4,314 4.27%
    <20% 51 $10,025,000 $196,569 $3,768 4.13%
    50-60% 22 $4,910,000 $223,182 $5,453 4.54%
    41% 21 $6,005,000 $285,952 $4,962 4.33%
    40% 21 $5,495,000 $261,667 $5,660 4.30%
    42% 19 $5,175,000 $272,368 $4,697 4.53%
    36% 19 $5,095,000 $268,158 $4,393 4.31%
    38% 18 $4,020,000 $223,333 $5,230 4.25%
    39% 14 $3,820,000 $272,857 $5,326 4.41%
    43% 11 $2,395,000 $217,727 $4,444 4.22%
    >60% 10 $2,710,000 $271,000 $4,865 5.42%
    45% 10 $2,560,000 $256,000 $5,346 4.08%
    37% 9 $2,845,000 $316,111 $5,367 4.13%
    44% 8 $1,800,000 $225,000 $4,465 4.17%
    46% 6 $1,120,000 $186,667 $5,030 4.73%
    47% 6 $880,000 $146,667 $5,169 4.33%
    48% 4 $770,000 $192,500 $5,400 3.56%
    49% 3 $665,000 $221,667 $4,532 3.46%

    Smartbank lent most frequently to those with DTI ratios of 20-30%, with 104 originations. The next most common DTI ratio? 30-36%, with 86 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 471 $114,245,000 $242,558 $4,674 4.42%
    Not applicable 113 $68,075,000 $602,434 $0 5.10%
    Not provided 22 $4,830,000 $219,545 $3,732 4.67%
    Black 17 $4,195,000 $246,765 $4,761 4.60%
    Native Hawaiian or Islander 1 $755,000 $755,000 $12,060 4.75%
    Asian 4 $580,000 $145,000 $3,515 4.32%
    American Indian 1 $125,000 $125,000 $1,592 3.38%

    Approval Rates

    Total approvals of all applications
    92.69%

    Smartbank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.87%

    Smartbank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 629 $192,805,000 $306,526

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 39 $54,955,000 $1,409,103
    Single Family (1-4 Units):Manufactured 1 $35,000 $35,000
    Single Family (1-4 Units):Site-Built 589 $137,815,000 $233,981

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 37 $5,155,000 $139,324 $3,306 4.57%
    40-60% 89 $25,065,000 $281,629 $4,004 4.57%
    60-80% 247 $81,975,000 $331,883 $4,389 4.68%
    80-100% 235 $76,525,000 $325,638 $5,239 4.42%
    Over 100% 11 $2,555,000 $232,273 $7,697 3.68%
    Under 20% 10 $1,530,000 $153,000 $2,277 5.16%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    SmartBank 1011 Parkway Sevierville, TN 37862 Full Service B&M $158,103
    SmartBank 103 Ecor Rouge Place Fairhope, AL 36532 Full Service B&M $30,484
    SmartBank 11216 Kingston Pike Knoxville, TN 37934 Full Service B&M $33,688
    SmartBank 1400 North Jackson Street Tullahoma, TN 37388 Full Service B&M $97,814
    SmartBank 158 Commerce Street Mcintosh, AL 36553 Full Service B&M $20,110
    SmartBank 1600 College Avenue Jackson, AL 36545 Full Service B&M $45,825
    SmartBank 16780 Jordan Street Chatom, AL 36518 Full Service B&M $33,626
    SmartBank 1950 Old Fort Parkway Murfreesboro, TN 37129 Full Service B&M $17,663
    SmartBank 2000 Lurleen B. Wallace Boulevard Northport, AL 35476 Full Service B&M $41,976
    SmartBank 201 North Palafox Street Pensacola, FL 32502 Full Service B&M $23,698
    SmartBank 202 Advantage Place Knoxville, TN 37922 Full Service B&M $46,203
    SmartBank 214 Keller Lane Maryville, TN 37801 Full Service B&M $139,621
    SmartBank 2280 Gunbarrel Road Chattanooga, TN 37421 Full Service B&M $36,652
    SmartBank 230 Mcfarland Circle North Tuscaloosa, AL 35406 Full Service B&M $38,113
    SmartBank 2301 University Boulevard Tuscaloosa, AL 35401 Full Service B&M $251,419
    SmartBank 2411 Jenks Ave Panama City, FL 32405 Full Service B&M $24,125
    SmartBank 2430 E Lamar Alexander Pkwy Maryville, TN 37804 Full Service B&M $10,619
    SmartBank 2430 Teaster Lane, Suite 205 Pigeon Forge, TN 37863 Full Service B&M $404,009
    SmartBank 300 Clinton Avenue W. Huntsville, AL 35801 Full Service B&M $19,343
    SmartBank 3200 Keith Street Northwest Cleveland, TN 37312 Full Service B&M $22,598
    SmartBank 33219 Us Highway 43 Thomasville, AL 36784 Full Service Retail $16,191
    SmartBank 4154 Ringgold Road East Ridge, TN 37412 Full Service B&M $84,572
    SmartBank 4405 Commons Drive East Destin, FL 32541 Full Service B&M $65,203
    SmartBank 5319 Highway 153 Hixson, TN 37343 Full Service B&M $86,174
    SmartBank 5401 Kingston Pike, Suite 600 Knoxville, TN 37919 Full Service B&M $43,991
    SmartBank 570 East Parkway Gatlinburg, TN 37738 Full Service B&M $95,403
    SmartBank 710 Dolly Parton Parkway Sevierville, TN 37862 Full Service B&M $6,435
    SmartBank 835 Georgia Ave Chattanooga, TN 37402 Full Service B&M $103,968
    SmartBank 8966 Old Lee Highway Ooltewah, TN 37363 Full Service B&M $33,093

    For 2019, Smartbank had 29 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $108,690
    Net interest income $86,456
    Total noninterest income $8,619
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,901
    Trading account gains and fees $0
    Additional Noninterest Income $5,718
    Pre-tax net operating income $32,107
    Securities gains (or losses, -) $34
    Income before extraordinary items $25,633
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $25,633
    Minority interest net income $0
    Net income $25,633
    Sale, conversion, retirement of capital stock, net $516
    Net operating income $25,605

    Smartbank's gross interest income from loans was $108,690,000.
    Smartbank's net interest income from loans was $86,456,000.
    Smartbank's fee based income from loans was $2,901,000.
    Smartbank's net income from loans was $25,633,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $22,234
    Provision for credit losses $2,599
    Total noninterest expense $60,369
    Salaries and employee benefits $36,434
    Premises and equipment expense $6,545
    Additional noninterest expense $17,390
    Applicable income taxes $6,508
    Net charge-offs $631
    Cash dividends $0

    Smartbank's interest expense for loans was $22,234,000.
    Smartbank's payroll and benefits expense were $36,434,000.
    Smartbank's property, plant and equipment expenses $6,545,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 1.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $2,061,528
    Deposits held in domestic offices $2,061,528
    Deposits by Individuals, partnerships, and corporations $1,590,004
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $194,029
    Deposits by Commercial banks and other depository institutions in U.S. $277,495
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $758,703
    Demand deposits $454,088
    Nontransaction accounts $1,302,825
    Money market deposit accounts (MMDAs) $494,046
    Other savings deposits (excluding MMDAs) $129,238
    Total time deposits $679,541
    Total time and savings deposits $1,607,440
    Noninterest-bearing deposits $376,244
    Interest-bearing deposits $1,685,284
    Retail deposits $1,672,705
    IRAs and Keogh plan accounts $43,857
    Brokered deposits $261,806
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,449,029
    Cash & Balances due from depository institutions $160,534
    Interest-bearing balances $127,329
    Total securities $178,348
    Federal funds sold & reverse repurchase $23,436
    Net loans and leases $1,893,005
    Loan and leases loss allowance $10,243
    Trading account assets $0
    Bank premises and fixed assets $64,851
    Other real estate owned $1,757
    Goodwill and other intangibles $77,193
    All other assets $49,905

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,449,029
    Total Liabilities $2,111,526
    Total deposits $2,061,528
    Interest-bearing deposits $1,685,284
    Deposits held in domestic offices $2,061,528
    % insured (estimated) $68
    Federal funds purchased and repurchase agreements $6,184
    Trading liabilities $0
    Other borrowed funds $30,918
    Subordinated debt $0
    All other liabilities $12,896

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,893,005
    Loan and leases loss allowance $10,243
    Total loans and leases (domestic) $1,903,248
    All real estate loans $1,556,900
    Real estate loans in domestic offices $1,556,900
    Construction and development loans $227,626
    Residential 1-4 family construction $62,554
    Other construction, all land development and other land $165,072
    Loans secured by nonfarm nonresidential properties $812,960
    Nonfarm nonresidential secured by owner-occupied properties $404,708
    Commercial real estate & other non-farm, non-residential $408,252
    Multifamily residential real estate $68,417
    1-4 family residential loans $423,336
    Farmland loans $24,561
    Loans held in foreign offices $0
    Farm loans $588
    Commercial and industrial loans $317,252
    To non-U.S. addressees $0
    Loans to individuals $9,039
    Credit card loans $547
    Related Plans $830
    Consumer Auto Loans $1,755
    Other loans to individuals $5,907
    All other loans & leases $20,099
    Loans to foreign governments and official institutions $0
    Other loans $276
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $11,743
    Loans secured by real estate to non-U.S. addressees $1,151
    Restructured Loans & leases $61
    Non 1-4 family restructured loans & leases $61
    Total loans and leases (foreign) $0

    SmartBank had $1,893,005,000 of loans outstanding in 2019. $1,556,900,000 of loans were in real estate loans. $227,626,000 of loans were in development loans. $68,417,000 of loans were in multifamily mortgage loans. $423,336,000 of loans were in 1-4 family mortgage loans. $588,000 of loans were in farm loans. $547,000 of loans were in credit card loans. $1,755,000 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 859 $246,500 $286,962
    Nonfarm, nonresidential loans - <$100k 103 $4,927 $47,835
    Nonfarm, nonresidential loans - $100-250k 277 $38,869 $140,321
    Nonfarm, nonresidential loans - $250k-1MM 479 $202,704 $423,182
    Commercial & Industrial, US addressed loans - <$1MM 2,741 $168,467 $61,462
    Commercial & Industrial, US addressed loans - <$100k 1,977 $32,800 $16,591
    Commercial & Industrial, US addressed loans - $100-250k 444 $46,081 $103,786
    Commercial & Industrial, US addressed loans - $250k-1MM 320 $89,586 $279,956
    Farmland loans - <$1MM 82 $7,451 $90,866
    Farmland loans - <$100k 42 $1,347 $32,071
    Farmland loans - $100-250k 31 $3,667 $118,290
    Farmland loans - $250k-1MM 9 $2,437 $270,778
    Agriculture operations loans - <$1MM 7 $587 $83,857
    Agriculture operations loans - <$100k 4 $67 $16,750
    Agriculture operations loans - $100-250k 2 $235 $117,500
    Agriculture operations loans - $250k-1MM 1 $285 $285,000