Overview / Commentary
SmartBank is headquartered in Pigeon Forge and is the 6th largest bank in the state of Tennessee. It is also the 369th largest bank in the nation. It was established in 2007 and as of September of 2019, it had grown to 395 employees at 36 locations. SmartBank has an A+ health rating.
Health
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 58463 |
| Year Established | 2007 |
| Employees | 395 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.03% |
| Return on Equity - YTD | 7.58% |
| Annual Interest Income | $81.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $2.39B$2.05B |
| Loans | Q3 2019vs Q3 2018 | $1.86B$1.58B |
| Deposits | Q3 2019vs Q3 2018 | $2.02B$1.73B |
| Equity Capital | Q3 2019vs Q3 2018 | $329.5MM$268.3MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $9.8MM$7.2MM |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $3.2MM$2.7MM |
| Real Estate Owned | Q3 2019vs Q3 2018 | $1.6MM$4.2MM |
