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
  • Complaints
  • 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 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 by origination volume include: Knoxville, Chattanooga, Panama City, Tuscaloosa, and Tallahassee among others. We have data for 40 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

    956

    Origination Dollar Volume (All Markets)

    $241,200,000

    Employee count

    470 Show all (15) 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
    KNOXVILLE, TN (FHA|USDA|VA) 167 $38,515,000 $230,629 $3,597 3.61%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 118 $32,880,000 $278,644 $4,958 4.05%
    PANAMA CITY, FL (FHA|USDA|VA) 118 $31,250,000 $264,831 $5,301 3.14%
    TUSCALOOSA, AL (FHA|USDA|VA) 73 $20,965,000 $287,192 $3,969 3.58%
    TALLAHASSEE, FL (FHA|USDA|VA) 75 $17,075,000 $227,667 $4,817 3.38%
    Sevierville, TN (FHA|USDA|VA) 60 $13,910,000 $231,833 $4,182 3.44%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 22 $11,990,000 $545,000 $6,162 3.63%
    Tullahoma-Manchester, TN (FHA|USDA|VA) 55 $9,665,000 $175,727 $2,998 3.09%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 29 $9,415,000 $324,655 $3,250 3.36%
    Outside of Metro Areas 66 $9,000,000 $136,364 $2,678 3.51%
    Crossville, TN (FHA|USDA|VA) 45 $8,425,000 $187,222 $2,582 3.44%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 2 $6,800,000 $3,400,000 $23,624 4.03%
    Cookeville, TN (FHA|USDA|VA) 31 $5,575,000 $179,839 $2,029 3.13%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 14 $3,510,000 $250,714 $4,029 3.67%
    HUNTSVILLE, AL (FHA|USDA|VA) 12 $2,480,000 $206,667 $4,319 4.34%
    DALTON, GA (FHA|USDA|VA) 3 $2,215,000 $738,333 $0 4.47%
    CLEVELAND, TN (FHA|USDA|VA) 13 $1,985,000 $152,692 $3,579 3.74%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 7 $1,845,000 $263,571 $3,852 3.25%
    Shelbyville, TN (FHA|USDA|VA) 3 $1,815,000 $605,000 $5,294 3.46%
    MOBILE, AL (FHA|USDA|VA) 8 $1,510,000 $188,750 $2,825 3.35%
    Jasper, AL (FHA|USDA|VA) 1 $1,505,000 $1,505,000 $0 4.15%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 4 $1,400,000 $350,000 $2,993 4.29%
    MORRISTOWN, TN (FHA|USDA|VA) 5 $1,295,000 $259,000 $4,919 3.86%
    Summerville, GA (FHA|USDA|VA) 3 $875,000 $291,667 $5,334 4.38%
    Newport, TN (FHA|USDA|VA) 4 $820,000 $205,000 $3,135 2.78%
    JOHNSON CITY, TN (FHA|USDA|VA) 3 $515,000 $171,667 $2,512 3.29%
    SAVANNAH, GA (FHA|USDA|VA) 1 $435,000 $435,000 $4,011 2.63%
    St. Marys, GA (FHA|USDA|VA) 1 $435,000 $435,000 $3,369 2.75%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $425,000 $425,000 $5,305 2.50%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $425,000 $425,000 $4,002 3.13%
    Thomaston, GA (FHA|USDA|VA) 1 $335,000 $335,000 $6,578 2.38%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $315,000 $315,000 $4,410 3.13%
    Dayton, TN (FHA|USDA|VA) 2 $260,000 $130,000 $3,075 3.69%
    Albertville, AL (FHA|USDA|VA) 1 $205,000 $205,000 $2,784 2.50%
    Athens, TN (FHA|USDA|VA) 1 $205,000 $205,000 $0 3.95%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $205,000 $205,000 $2,948 2.63%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $195,000 $195,000 $3,678 2.50%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $185,000 $185,000 $3,320 2.50%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $175,000 $175,000 $2,354 2.75%
    Lewisburg, TN (FHA|USDA|VA) 1 $165,000 $165,000 $2,686 3.50%
    Smartbank's top markets include Knoxville, Chattanooga, Panama City, Tuscaloosa, and Tallahassee 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.

    CONSUMER Credit Union
    Similarity Rank: 242
    Alabama One Credit Union
    Similarity Rank: 440
    GUARANTY MORTGAGE SERVICES, L.L.C.
    Similarity Rank: 600
    Old Hickory Credit Union
    Similarity Rank: 680
    TENNESSEE TRUST MORTGAGE, INC
    Similarity Rank: 684
    ALABAMA CREDIT UNION
    Similarity Rank: 775
    Legacy Home Loans, LLC
    Similarity Rank: 832
    First Advantage Bank
    Similarity Rank: 834
    Home Federal Bank of Tennessee
    Similarity Rank: 864
    Community Trust Bank, Inc.
    Similarity Rank: 1206

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 864 $219,800,000 $254,398 $3,659 3.57%
    VA 44 $12,120,000 $275,455 $6,198 2.97%
    FHA 37 $7,115,000 $192,297 $7,153 3.00%
    USDA 11 $2,165,000 $196,818 $5,780 2.97%

    For 2020, Smartbank's most frequently originated type of loan was Conventional, with 864 originations. Their 2nd most popular type was VA, with 44 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 453 $124,955,000 $275,839 $5,399 3.77%
    Refi 337 $80,315,000 $238,323 $2,773 3.25%
    Cash Out Refi 146 $33,570,000 $229,932 $3,217 3.19%
    Home Improvement 16 $2,190,000 $136,875 $2,410 4.02%
    Other 4 $170,000 $42,500 $1,510 5.63%

    For 2020, Smartbank's most frequently cited loan purpose was Home Purchase, with 453 originations. The 2nd most popular reason was Refi, with 337 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 479 $120,535,000 $251,639 $3,878 3.11%
    15 Year 153 $29,325,000 $191,667 $2,824 2.78%
    5 Year 120 $30,340,000 $252,833 $282 4.87%
    30+ year 71 $26,805,000 $377,535 $8,423 4.51%
    Other 57 $19,795,000 $347,281 $4,062 4.41%
    20 Year 48 $9,620,000 $200,417 $2,728 3.57%
    10 Year 20 $3,440,000 $172,000 $2,101 3.68%
    1 Year 8 $1,340,000 $167,500 $0 4.72%

    For 2020, Smartbank's most frequently cited loan duration was 30 Year, with 479 originations. The 2nd most popular length was 15 Year, with 153 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 492 $111,450,000 $226,524
    $1k-2k 120 $22,060,000 $183,833
    $2k-3k 74 $20,710,000 $279,865
    $3k-4k 22 $8,260,000 $375,455
    $4k-5k 11 $6,115,000 $555,909
    $5k+ 11 $13,135,000 $1,194,091

    Smartbank's average total fees were $3,878, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 492 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 271 $63,135,000 $232,970
    3-4% 258 $73,140,000 $283,488
    4-5% 222 $68,440,000 $308,288
    <2.5% 142 $29,860,000 $210,282
    5-6% 49 $5,155,000 $105,204
    6-7% 9 $905,000 $100,556
    7-8% 3 $475,000 $158,333
    Over 8% 2 $90,000 $45,000

    During 2020, Smartbank's average interest rate for loans was 3.11%, while their most frequently originated rate bucket for loans was 2.5-3%, with 271 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 353 $97,915,000 $277,380 $4,342 3.32%
    $100k-200k 348 $52,430,000 $150,661 $3,238 3.39%
    $100,000 or less 144 $9,910,000 $68,819 $2,118 4.16%
    $400k-600k 70 $32,830,000 $469,000 $5,496 3.24%
    $600k-1MM 21 $15,635,000 $744,524 $10,350 4.43%
    $1MM+ 20 $32,480,000 $1,624,000 $14,497 4.14%

    2020 saw Smartbank place emphasis on $200k-400k loans with 353 originations, totaling $97,915,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 184 $32,750,000 $177,989 $3,709 3.42%
    $100k-150k 175 $42,435,000 $242,486 $3,997 3.31%
    $75k-100k 140 $30,290,000 $216,357 $3,835 3.31%
    $150k-250k 134 $38,550,000 $287,687 $4,343 3.48%
    $50k or less 131 $16,425,000 $125,382 $3,245 3.32%
    $250k+ 83 $40,145,000 $483,675 $6,261 3.60%

    Smartbank lent most frequently to those with incomes in the $50k-75k range, with 184 originations. The second most popular income band? $100k-150k, with 175 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 204 $51,650,000 $253,186 $3,731 3.08%
    30-36% 144 $31,560,000 $219,167 $3,844 3.24%
    <20% 94 $20,650,000 $219,681 $2,996 2.92%
    38% 36 $8,210,000 $228,056 $3,663 3.18%
    36% 31 $7,595,000 $245,000 $4,547 3.30%
    43% 30 $7,280,000 $242,667 $3,646 3.00%
    42% 27 $7,985,000 $295,741 $5,563 3.79%
    37% 27 $7,615,000 $282,037 $5,235 3.50%
    40% 27 $7,645,000 $283,148 $4,340 3.45%
    39% 26 $8,260,000 $317,692 $4,667 3.48%
    41% 26 $6,490,000 $249,615 $4,950 3.50%
    44% 17 $4,125,000 $242,647 $3,601 3.29%
    50-60% 15 $4,285,000 $285,667 $7,656 3.19%
    48% 14 $2,910,000 $207,857 $4,838 3.53%
    45% 10 $2,610,000 $261,000 $4,053 3.00%
    47% 9 $2,295,000 $255,000 $4,363 3.04%
    46% 9 $2,135,000 $237,222 $5,996 3.22%
    >60% 4 $410,000 $102,500 $1,319 6.56%
    49% 3 $575,000 $191,667 $2,722 3.38%

    Smartbank lent most frequently to those with DTI ratios of 20-30%, with 204 originations. The next most common DTI ratio? 30-36%, with 144 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 769 $184,715,000 $240,202 $3,943 3.37%
    Not applicable 102 $37,710,000 $369,706 $0 4.52%
    Not provided 37 $8,595,000 $232,297 $3,738 3.36%
    Black 31 $6,445,000 $207,903 $5,783 3.70%
    Asian 13 $2,775,000 $213,462 $5,441 4.02%
    American Indian 2 $550,000 $275,000 $10,046 3.69%
    Asian Indian 2 $410,000 $205,000 $5,544 3.75%

    Approval Rates

    Total approvals of all applications
    94.18%

    Smartbank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.09%

    Smartbank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 956 $241,200,000 $252,301

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 32 $28,150,000 $879,688
    Single Family (1-4 Units):Manufactured 8 $680,000 $85,000
    Single Family (1-4 Units):Site-Built 916 $212,370,000 $231,845

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 71 $11,465,000 $161,479 $2,545 3.26%
    40-60% 163 $37,445,000 $229,724 $3,144 3.35%
    60-80% 408 $103,740,000 $254,265 $3,638 3.58%
    80-100% 291 $83,625,000 $287,371 $5,042 3.55%
    Over 100% 11 $3,385,000 $307,727 $10,883 3.03%
    Under 20% 10 $980,000 $98,000 $1,628 4.73%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Shea Mortgage Inc. Conventional home mortgage Unable to get your credit report or credit score 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Smartbank 1011 Parkway Sevierville, TN 37862 Full Service B&M $168,556
    Smartbank 106 Ecor Rouge Place Fairhope, AL 36532 Full Service B&M $49,365
    Smartbank 1080 Interstate Dr Cookeville, TN 38501 Full Service B&M $46,264
    Smartbank 109 Associates Boulevard Alcoa, TN 37701 Full Service B&M $9,837
    Smartbank 11216 Kingston Pike Knoxville, TN 37934 Full Service B&M $37,361
    Smartbank 1400 North Jackson Street Tullahoma, TN 37388 Full Service B&M $92,388
    Smartbank 158 Commerce Street Mcintosh, AL 36553 Full Service B&M $21,539
    Smartbank 1600 College Avenue Jackson, AL 36545 Full Service B&M $61,787
    Smartbank 16780 Jordan Street Chatom, AL 36518 Full Service B&M $34,714
    Smartbank 1760 S Main St Crossville, TN 38555 Full Service B&M $11,330
    Smartbank 1950 Old Fort Parkway Murfreesboro, TN 37129 Full Service B&M $31,646
    Smartbank 2000 Lurleen B. Wallace Boulevard Northport, AL 35476 Full Service B&M $54,551
    Smartbank 201 North Palafox Street Pensacola, FL 32502 Full Service B&M $33,143
    Smartbank 202 Advantage Place Knoxville, TN 37922 Full Service B&M $55,748
    Smartbank 214 Keller Lane Maryville, TN 37801 Full Service B&M $145,640
    Smartbank 2280 Gunbarrel Road Chattanooga, TN 37421 Full Service B&M $49,353
    Smartbank 230 Mcfarland Circle North Tuscaloosa, AL 35406 Full Service B&M $46,826
    Smartbank 2301 University Boulevard Tuscaloosa, AL 35401 Full Service B&M $252,199
    Smartbank 2430 Teaster Lane, Suite 205 Pigeon Forge, TN 37863 Full Service B&M $357,040
    Smartbank 2713 Highway 77 Panama City, FL 32405 Full Service B&M $34,243
    Smartbank 300 Clinton Avenue W. Huntsville, AL 35801 Full Service B&M $16,981
    Smartbank 3200 Keith Street Northwest Cleveland, TN 37312 Full Service B&M $24,909
    Smartbank 33219 Us Highway 43 Thomasville, AL 36784 Full Service Retail $20,123
    Smartbank 4154 Ringgold Road East Ridge, TN 37412 Full Service B&M $96,375
    Smartbank 4405 Commons Drive East Destin, FL 32541 Full Service B&M $84,067
    Smartbank 4929 Peavine Road, Suite 108 Crossville, TN 38571 Full Service B&M $14,668
    Smartbank 500 North Main Street Jamestown, TN 38556 Full Service B&M $67,113
    Smartbank 5319 Highway 153 Hixson, TN 37343 Full Service B&M $96,006
    Smartbank 5401 Kingston Pike, Suite 600 Knoxville, TN 37919 Full Service B&M $71,426
    Smartbank 570 East Parkway Gatlinburg, TN 37738 Full Service B&M $110,331
    Smartbank 705 Main St Wartburg, TN 37887 Full Service B&M $69,542
    Smartbank 710 Dolly Parton Parkway Sevierville, TN 37862 Full Service B&M $25,536
    Smartbank 807 North Main Crossville, TN 38555 Full Service B&M $99,032
    Smartbank 835 Georgia Ave Chattanooga, TN 37402 Full Service B&M $126,957
    Smartbank 8966 Old Lee Highway Ooltewah, TN 37363 Full Service B&M $34,450

    For 2020, Smartbank had 35 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $117,612
    Net interest income $103,200
    Total noninterest income $15,232
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $3,403
    Trading account gains and fees $0
    Additional Noninterest Income $11,829
    Pre-tax net operating income $34,842
    Securities gains (or losses, -) $6
    Income before extraordinary items $27,383
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $27,383
    Minority interest net income $0
    Net income $27,383
    Sale, conversion, retirement of capital stock, net $482
    Net operating income $27,378

    Smartbank's gross interest income from loans was $117,612,000.
    Smartbank's net interest income from loans was $103,200,000.
    Smartbank's fee based income from loans was $3,403,000.
    Smartbank's net income from loans was $27,383,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $14,412
    Provision for credit losses $8,683
    Total noninterest expense $74,907
    Salaries and employee benefits $42,552
    Premises and equipment expense $8,207
    Additional noninterest expense $24,148
    Applicable income taxes $7,465
    Net charge-offs $580
    Cash dividends $0

    Smartbank's interest expense for loans was $14,412,000.
    Smartbank's payroll and benefits expense were $42,552,000.
    Smartbank's property, plant and equipment expenses $8,207,000.

    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 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $2,814,155
    Deposits held in domestic offices $2,814,155
    Deposits by Individuals, partnerships, and corporations $2,425,987
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $309,721
    Deposits by Commercial banks and other depository institutions in U.S. $78,447
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $1,344,026
    Demand deposits $905,320
    Nontransaction accounts $1,470,129
    Money market deposit accounts (MMDAs) $727,362
    Other savings deposits (excluding MMDAs) $192,269
    Total time deposits $550,498
    Total time and savings deposits $1,908,835
    Noninterest-bearing deposits $694,897
    Interest-bearing deposits $2,119,259
    Retail deposits $2,600,482
    IRAs and Keogh plan accounts $54,574
    Brokered deposits $87,050
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $3,304,121
    Cash & Balances due from depository institutions $414,538
    Interest-bearing balances $364,078
    Total securities $215,634
    Federal funds sold & reverse repurchase $66,413
    Net loans and leases $2,375,619
    Loan and leases loss allowance $18,346
    Trading account assets $0
    Bank premises and fixed assets $77,117
    Other real estate owned $4,619
    Goodwill and other intangibles $86,471
    All other assets $63,710

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $3,304,121
    Total Liabilities $2,919,378
    Total deposits $2,814,155
    Interest-bearing deposits $2,119,259
    Deposits held in domestic offices $2,814,155
    % insured (estimated) $65
    Federal funds purchased and repurchase agreements $5,803
    Trading liabilities $0
    Other borrowed funds $80,224
    Subordinated debt $0
    All other liabilities $19,196

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $2,375,619
    Loan and leases loss allowance $18,346
    Total loans and leases (domestic) $2,393,965
    All real estate loans $1,746,702
    Real estate loans in domestic offices $1,746,702
    Construction and development loans $278,075
    Residential 1-4 family construction $65,067
    Other construction, all land development and other land $213,008
    Loans secured by nonfarm nonresidential properties $899,411
    Nonfarm nonresidential secured by owner-occupied properties $441,586
    Commercial real estate & other non-farm, non-residential $457,825
    Multifamily residential real estate $91,380
    1-4 family residential loans $455,651
    Farmland loans $22,185
    Loans held in foreign offices $0
    Farm loans $619
    Commercial and industrial loans $616,005
    To non-U.S. addressees $0
    Loans to individuals $10,809
    Credit card loans $480
    Related Plans $735
    Consumer Auto Loans $2,812
    Other loans to individuals $6,782
    All other loans & leases $19,830
    Loans to foreign governments and official institutions $0
    Other loans $1,388
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $6,716
    Loans secured by real estate to non-U.S. addressees $1,078
    Restructured Loans & leases $257
    Non 1-4 family restructured loans & leases $149
    Total loans and leases (foreign) $0

    SmartBank had $2,375,619,000 of loans outstanding in 2020. $1,746,702,000 of loans were in real estate loans. $278,075,000 of loans were in development loans. $91,380,000 of loans were in multifamily mortgage loans. $455,651,000 of loans were in 1-4 family mortgage loans. $619,000 of loans were in farm loans. $480,000 of loans were in credit card loans. $2,812,000 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 1,014 $272,257 $268,498
    Nonfarm, nonresidential loans - <$100k 140 $6,339 $45,279
    Nonfarm, nonresidential loans - $100-250k 326 $42,811 $131,322
    Nonfarm, nonresidential loans - $250k-1MM 548 $223,107 $407,130
    Commercial & Industrial, US addressed loans - <$1MM 5,588 $365,084 $65,334
    Commercial & Industrial, US addressed loans - <$100k 4,275 $93,260 $21,815
    Commercial & Industrial, US addressed loans - $100-250k 795 $97,793 $123,010
    Commercial & Industrial, US addressed loans - $250k-1MM 518 $174,031 $335,967
    Farmland loans - <$1MM 90 $8,631 $95,900
    Farmland loans - <$100k 40 $1,245 $31,125
    Farmland loans - $100-250k 36 $3,778 $104,944
    Farmland loans - $250k-1MM 14 $3,608 $257,714
    Agriculture operations loans - <$1MM 6 $619 $103,167
    Agriculture operations loans - <$100k 2 $43 $21,500
    Agriculture operations loans - $100-250k 3 $321 $107,000
    Agriculture operations loans - $250k-1MM 1 $255 $255,000