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: Chattanooga, Knoxville, Pensacola, Panama City, and Cleveland 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

    901

    Origination Dollar Volume (All Markets)

    $304,535,000

    Employee count

    549 Show all (8) 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
    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.

    Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • South 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: 224
    Bowater Employees Credit Union
    Similarity Rank: 240
    KELLEY MORTGAGE, LLC
    Similarity Rank: 336
    First Vision Bank of Tennessee
    Similarity Rank: 657
    US COMMUNITY
    Similarity Rank: 686
    Bryant Bank
    Similarity Rank: 891
    ENRICHMENT
    Similarity Rank: 896
    ALABAMA CREDIT UNION
    Similarity Rank: 912
    FBT Mortgage, L.L.C.
    Similarity Rank: 945
    TENNESSEE TRUST MORTGAGE, INC
    Similarity Rank: 952

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Smartbank's most frequently originated type of loan was Conventional, with 842 originations. Their 2nd most popular type was FHA, with 30 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Smartbank's most frequently cited loan purpose was Home Purchase, with 465 originations. The 2nd most popular reason was 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 2021, Smartbank's most frequently cited loan duration was 30 Year, with 401 originations. The 2nd most popular length was 5 Year, with 154 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost 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 42 $16,310,000 $388,333
    $5k+ 18 $12,280,000 $682,222
    $4k-5k 10 $4,080,000 $408,000

    Smartbank's average total fees were $3,888, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.05%, while their most frequently originated rate bucket for loans was 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
    85.24%

    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 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 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 2713 Highway 77 Panama City, FL 32405 Full Service B&M $47,748
    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
    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

    For 2021, Smartbank had 35 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $125,232
    Net interest income $115,906
    Total noninterest income $23,742
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $4,650
    Trading account gains and fees $0
    Additional Noninterest Income $19,092
    Pre-tax net operating income $47,892
    Securities gains (or losses, -) $45
    Income before extraordinary items $37,521
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $37,521
    Minority interest net income $0
    Net income $37,521
    Sale, conversion, retirement of capital stock, net $688
    Net operating income $37,485

    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.

    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 $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