The latest financial statement is for the quarter ending 2025-09-30.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income | 13,685 | 22,959 |
| Depreciation and amortization | 1,960 | 4,317 |
| Amortization of intangible assets | 536 | 1,135 |
| Provision for credit losses | 227 | 3,391 |
| Stock compensation expense | 478 | 1,234 |
| Loss on sale of securities available-for-sale | -3,715 | -4 |
| Deferred income tax expense (benefit) | -212 | 66 |
| Increase in cash surrender value of bank owned life insurance | 913 | 1,780 |
| Net losses from sale and write-downs of other real estate owned and other repossessed assets | -259 | -249 |
| Net gains from mortgage banking | 683 | 1,070 |
| Origination of loans held for sale | 14,899 | 16,582 |
| Proceeds from sales of loans held for sale | 11,211 | 18,164 |
| Gain from sale of sbk insurance | 3,955 | - |
| Net (gain) loss from sale/disposal of fixed assets | 0 | -14 |
| Accrued interest receivable | 259 | 587 |
| Accrued interest payable | 1,451 | 923 |
| Other assets | -4,336 | 3,050 |
| Other liabilities | -52 | -1,078 |
| Net cash provided by operating activities | 16,885 | 28,309 |
| Proceeds from sales | 99,966 | - |
| Proceeds from maturities, calls and paydowns | 28,909 | 26,175 |
| Purchases | 132,978 | 38,842 |
| Proceeds from maturities, calls and paydowns | 638 | 1,118 |
| Proceeds from sales of other investments | 0 | 1,041 |
| Purchases of other investments | 3,100 | 1,666 |
| Proceeds from sale of sbk insurance, net of transaction cost | 11,107 | - |
| Net increase in loans and leases | 100,172 | 219,692 |
| Proceeds from sale of fixed assets | 56 | 67 |
| Purchases of premises and equipment | 328 | 1,707 |
| Proceeds from sale of other real estate owned and other repossessed assets | 650 | 1,157 |
| Net cash used in investing activities | -95,252 | -232,349 |
| Net increase in deposits | 178,783 | 185,659 |
| Net decrease in securities sold under agreements to repurchase | -1,664 | -1,169 |
| Proceeds from borrowings | 0 | 1,000 |
| Repayment of borrowings | 4,000 | 1,000 |
| Cash dividends paid | 1,366 | 2,722 |
| Issuance of subordinated debt, net of issuance costs | 98,580 | - |
| Issuance of common stock | 91 | 63 |
| Restricted shares withheld for taxes | 26 | 265 |
| Net cash provided by financing activities | 270,398 | 181,566 |
| Net change in cash and cash equivalents | 192,031 | -22,474 |
| Cash and cash equivalents at beginning of period | 387,570 | - |
| Cash and cash equivalents at end of period | 557,127 | - |
SMARTFINANCIAL INC. (SMBK)
SMARTFINANCIAL INC. (SMBK)