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Q2 2026 · read from the 30 June 2026 Call Report · United States · South Central · Tennessee, the state note

Smartbank

Pigeon Forge, Tennessee · $6.11B in assets · beside the 11 other the South Central states banks between $3B and $10B (the state alone holds too few in the band to rank)

The filing

290.0%
CRE / capital
12th of 12
+13.6%
Loans, year over year
2nd of 12, largest first
0.24%
NPA / loans
3rd of 12

Smartbank is the fourth largest of the 12 the South Central states banks nearest its size between $3B and $10B, with $6.11B in assets at 30 June 2026. Loans are 87.0% of deposits, 7th of 12 against a median of 86.1%, and equity is 10.8% of assets, 6th of 12. Loans grew +13.6% in the year, 2nd of 12, and deposits grew 10.6%; the cohort's median loan growth is +7.1%.

Noncurrent loans are 0.24% of the book, 3rd of 12 against a median of 0.57%; 0.13% is 30 to 89 days past due, and the allowance covers them 3.9 times. Commercial real estate is 38.4% of loans, 9th of 12 against a median of 29.7%, and 290% of capital, below the 300% screen, with construction at 83% against the 100% screen.

Return on assets is 1.12%, 9th of 12 against a median of 1.22%, on an efficiency ratio of 58.4%, 5th of 12. Five years ago it was 1.16%. The question is which of these lines moves first over the next four quarters, and against which peer.

Commercial real estate against capital, the 300% screenSouth Central states banks $3B to $10B · 30 June 2026 · lower is stronger, listed first
median 203% RB Republic Bank & Trust Co. 125% RB River Bank & Trust 159% IB Independence Bank of Kentucky 160% CT Community Trust Bank Inc 165% GC Gulf Coast Bank & Trust Co. 175% CB Community Bank of Mississippi 202% IB Investar Bank National Association 204% B Bankplus 235% FG First Guaranty Bank 235% CB Central Bank & Trust Co. 261% WB Wilson Bank & Trust 264% S Smartbank 290%
Loans, year over yearSouth Central states banks $3B to $10B · 30 June 2026 · no better direction, largest first
median +7.1% IB Investar Bank National Association +45.3% S Smartbank +13.6% GC Gulf Coast Bank & Trust Co. +11.4% RB River Bank & Trust +11.3% CT Community Trust Bank Inc +9.0% CB Community Bank of Mississippi +8.9% CB Central Bank & Trust Co. +5.3% WB Wilson Bank & Trust +4.5% B Bankplus +4.5% RB Republic Bank & Trust Co. +1.1% IB Independence Bank of Kentucky +1.1% FG First Guaranty Bank -26.8%

SBA 7(a), FY2008 to FY2026

Smartbank is the 38th largest 7(a) lender into Tennessee of 374, with $31M across 53 loans, 0.6% of everything approved in the state (Pinnacle Bank leads with $494M). 25 of its 26 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.

Where it lends in Tennessee, and where it has gone quietshare movement, FY2023 to FY2025 against FY2020 to FY2022; outlined counties are on the book
Gaining shareLosing shareFlatGone quiet: nothing since FY2023Too thin to read a directionNo record
Every market on the book, largest firstrank and share among every lender in the county, FY2008 to FY2026
CountyApprovedRankShareTrend
Hamilton, TN$11M12th of 1062.5%quiet FY2018
Knox, TN$7M21st of 1241.4%quiet FY2019
Sevier, TN$5M6th of 524.6%quiet FY2020
Etowah, AL$5M2nd of 448.7%quiet FY2011
Jefferson, AL$4M51st of 1280.5%thin
Washington, TN$2M16th of 582.0%quiet FY2012
Bay, FL$2M30th of 740.9%quiet FY2022
Baldwin, AL$2M41st of 840.7%quiet FY2018
Anderson, TN$1M16th of 432.2%quiet FY2016
Blount, TN$1M18th of 531.3%quiet FY2015
Maury, TN$989K25th of 541.0%quiet FY2012
Buena Vista City, VA$905K3rd of 722.0%quiet FY2012
Campbell, TN$900K7th of 145.9%quiet FY2016
13 smaller markets not shown.
What it lends to: the five largest industries on the bookshare of book is concentration; share of sector and rank are position, among every 7(a) lender nationally
IndustryLoansApprovedShare of bookShare of sectorRank
Accommodation & food services16$17M36.4%0.02%415th of 2,596
Professional & technical services4$7M15.4%0.02%352nd of 1,955
Retail trade12$6M11.6%0.01%687th of 2,589
Administrative & waste services9$4M7.6%0.03%404th of 1,763
Manufacturing6$3M7.3%0.01%848th of 2,246
7(a) lenders into Tennessee, share of approvals since FY2008374 lenders on record; the ten largest and Smartbank
PB Pinnacle Bank 8.8% $494M · 516 loans LO Live Oak Banking Company 8.4% $469M · 352 loans UB U.S. Bank, National Association 4.6% $260M · 1,383 loans TH The Huntington National Bank 3.9% $220M · 528 loans RB Regions Bank 3.0% $167M · 232 loans UC United Community Bank 3.0% $166M · 224 loans TB Truist Bank 2.9% $165M · 383 loans SB Simmons Bank 2.2% $126M · 257 loans FH First Horizon Bank 2.1% $116M · 106 loans CB Celtic Bank Corporation 2.0% $109M · 243 loans S Smartbank 0.6% $31M · 53 loans

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; Tier 1 stands in for the 3 CBLR filers; owner-occupied excluded; bold marks a screen met
SmartbankRankCohort median
Total CRE against capital, the 300% screen290%12th of 12203%
Construction against capital, the 100% screen83%10th of 1256%
Construction and land development, share of loans11.0%10th of 128.5%
Non-owner-occupied nonfarm nonresidential, share of loans22.2%10th of 1217.3%
Total CRE, the guidance definition, share of loans38.4%9th of 1229.7%
CRE growth over 36 months, the third prong+42.5%10th of 12+21.4%

Among its peers

Where it sits among its peersnavy: the stronger half of each column; amber: the weaker; darker at the ends
InstitutionAssetsROAEfficiencyNPA / loansNet charge-offsAllowance / loansLoans / depositsEquity / assets
Bankplus$8.38B1.3%62.3%0.64%0.05%1.1%87.3%11.2%
Republic Bank & Trust Co.$7.05B2.1%48.8%0.56%0.46%1.6%97.2%15.4%
Community Trust Bank Inc$6.95B1.6%46.7%0.58%0.09%1.2%90.5%13.1%
Smartbank$6.11B1.1%58.4%0.24%0.03%1.0%87.0%10.8%
Wilson Bank & Trust$5.98B1.4%52.7%0.63%0.04%1.3%84.2%10.1%
Community Bank of Mississippi$5.09B1.1%65.1%0.25%0.01%1.1%75.8%8.5%
River Bank & Trust$4.02B1.5%47.4%0.48%0.02%1.4%81.6%8.8%
Central Bank & Trust Co.$4.01B1.3%69.7%0.21%-0.03%1.0%96.6%12.5%
First Guaranty Bank$3.89B0.4%68.9%2.30%1.33%1.9%50.9%6.7%
Gulf Coast Bank & Trust Co.$3.86B1.1%74.0%1.60%0.42%1.8%85.2%8.4%
Investar Bank National Association$3.85B1.2%63.3%0.63%0.02%1.2%95.2%11.5%
Independence Bank of Kentucky$3.83B1.1%64.1%0.12%0.00%1.0%70.5%8.3%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
SmartbankCohort median
20212026Change20212026Change
Loans$2.47B$4.69B+90%$2.40B$3.28B+37%
Deposits$3.15B$5.39B+71%$3.01B$4.06B+35%
NPA / loans0.17%0.24%+0.07 pts0.46%0.57%+0.11 pts
Efficiency60.8%58.4%-2.4 pts64.4%62.8%-1.7 pts
ROA1.16%1.12%-0.03 pts1.27%1.22%-0.05 pts

This read was prepared for Smartbank's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.

The full pack on Smartbank is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.

Ask for the pack

Prepared 7 September 2026
Filing 30 June 2026
Cohort South Central states banks $3B to $10B
Institution www.smartbank.com

Public record only: FFIEC Call Report, 30 June 2026; FDIC data; cohort by New England and asset band; SBA 7(a) FOIA release as of the 2026 file, loans credited to the institution holding them today. Computed from the institution's own Call Report and its peers' as published; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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