SmartBank in Pigeon Forge, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

SmartBank - Overview

  • General
  • FDIC Certificate #: 58463
    Status: Active
    Federal Reserve ID: 3532641
    Bank Holding Company (Regulatory Top Holder): Smartfinancial, Inc. (RSSDID: 4103842, Location: Pigeon Forge, TN)
    Date Established: January 08, 2007
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 452366
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 08, 2007
    Last Structure Change Effective Date: January 12, 2007
    Last Structure Change Process Date: January 12, 2007
    Last Data Update: January 12, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 2430 Teaster Lane, Suite 205, Pigeon Forge, TN 37863
    County: Sevier
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Knoxville
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Knoxville, TN (#3840)
    Combined Statistical Area (CSA): Knoxville-Sevierville-La Follette, TN (#314)
    Core Based Statistical Area (CBSA): Sevierville, TN (#42940)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $327.8 mil
    Equity capital: $44.7 mil
    Deposits held in domestic offices: $278.5 mil
    Return on assets (ROA): 0.57% ($1.9 mil)
    Quarterly return on assets: 0.51% ($1.7 mil)
    Return on Equity (ROE): 4.79% ($2.2 mil)
    Quarterly return on equity: 3.73% ($1.7 mil)
    Net income: $1.8 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.84% ($2,753.4 mil)
    Quarterly Pretax return on assets: 0.86% ($2,819.0 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 65Total employees (full-time equivalent)
  • $327,787Total assets
  • $37,420Cash and due from depository institutions
  • $19,287Interest-bearing balances
  • $39,022Securities
  • $6,930Federal funds sold & reverse repurchase agreements
  • $230,023Net loans & leases
  • $3,652Loan loss allowance
  • $0Trading account assets
  • $7,156Bank premises and fixed assets
  • $2,279Other real estate owned
  • $0Goodwill and other intangibles
  • $327,787Life insurance assets
  • $4,957All other assets
  • $283,119Total liabilities and capital
  • $278,480Total liabilities
  • $251,265Total deposits
  • $278,480Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 1911.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,000Trading liabilities
  • $0Other borrowed funds
  • $728Subordinated debt
  • $44,668All other liabilities
  • $44,668Total equity capital
  • $44,668Total bank equity capital
  • $0Perpetual preferred stock
  • $2,962Common stock
  • $41,207Surplus
  • $499Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $256Income earned, not collected on loans
  • $0Earning assets
  • $1,138Long-term assets (5+ years)
  • $295,262Average Assets, year-to-date
  • $56,735Average Assets, quarterly
  • $310,015Volatile liabilities
  • $325,708Insider loans
  • $243,853FHLB advances
  • $326,909Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $44,079Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $34,101Restructured Loans and leases
  • $12,341Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $14,154Total interest income
  • $3,215Total interest expense
  • $10,939Net interest income
  • $583Provision for loan and lease losses
  • $567Total noninterest income
  • $0Fiduciary activities
  • $357Service charges on deposit accounts
  • $0Trading account gains & fees
  • $210Additional noninterest income
  • $8,429Total noninterest expense
  • $4,731Salaries and employee benefits
  • $1,304Premises and equipment expense
  • $2,394Additional noninterest expense
  • $2,494Pre-tax net operating income
  • $115Securities gains (losses)
  • $830Applicable income taxes
  • $1,779Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,779Net income attributable to bank
  • $0Net charge-offs
  • $1,779Cash dividends
  • $540Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.98%Yield on earning assets
  • 1.13%Cost of funding earning assets
  • 3.85%Net interest margin
  • 0.20%Noninterest income to earning assets
  • 2.97%Noninterest expense to earning assets
  • 0.55%Net operating income to assets
  • 0.57%Return on assets (ROA)
  • 0.84%Pretax return on assets
  • 4.79%Return on equity (ROE)
  • 4.79%Retained earnings to average equity (YTD only)
  • 0.23%Net charge-offs to loans
  • 107.96%Credit loss provision to net charge-offs
  • 5.70%Efficiency ratio
  • 73,257Assets per employee
  • 5.04%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.56%Loss allowance to noncurrent loans
  • 1426.56%Noncurrent assets plus other real estate owned to assets
  • 0.77%Noncurrent loans to loans
  • 0.11%Net loans and leases to deposits
  • 82.60%Net loans and leases to core deposits
  • 110.94%Equity capital to assets
  • 13.63%Core capital (leverage) ratio
  • 13.48%Tier 1 risk-based capital ratio
  • 18.08%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $310,015Average earning assets
  • $37,126Average equity
  • $284,056Average loans

List of branches

  • 4 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0452366Smartbank2430 Teaster Lane, Suite 205, Pigeon Forge, TN 37863January 08, 2007Full Service Brick and Mortar
    1479009Sevierville Branch1011 Parkway, Sevierville, TN 37862May 21, 2007Full Service Brick and Mortar
    2479010Gatlinburg Branch570 East Parkway, Gatlinburg, TN 37738June 16, 2008Full Service Brick and Mortar
    3492924Knoxville BranchMontvue Place 7827 Montvue Center Way, Knoxville, TN 37919May 12, 2009Full Service Brick and Mortar

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