SmartBank

Established in 2007

About SmartBank

SmartBank was established on 2007. The bank's headquarters are located at 2430 Teaster Lane, Suite 205 in Pigeon Forge, Tennessee.

SmartBank is an FDIC insured bank with FDIC number 58463 managing assets to the value of $3,304,121 as of 12/31/2020.

SmartBank has a Texas ratio of 2.81%.
The bank Texas Ratio is an indicator of the bank's health developed at RBC Capital Markets to measure a financial institution's credit troubles. The lower the Texas Ratio, the healthier the bank.

About the Bank

2.81%
Texas Ratio
FDIC Certificate #

58463

Active Insured Since #

8/1/2007

Financial Profile

Dollar figures in thousands (000's)

As of 12/31/2020
Total Assets $3,304,121
Equity Capital $384,743
Total Deposits $2,814,155
Total Liabilities $2,919,378
Total Securities $215,634
Net Loans And Leases $2,375,619
Loan Loss Allowance $18,346
Total Loans And Leases $2,393,965
YTD (as of 12/31/2020)
Return On Assets 0.90%
Return On Equity 7.45%
Total Interest Income $117,612
Total Interest Expense $14,412
Total Non Interest Income $15,232
Total Non Interest Expense $74,907

Headquarters

2430 Teaster Lane, Suite 205 37863, Pigeon Forge

SmartBank branches near me

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Total Loans and Leases Statistics

Total Loans and Leases $2,393,965 In thousands (000's) * All data provided by fdic.gov updated 12/31/2020

SmartBank Mortgage Loans Profile

Classic Bank

83.09%

Application Approval Rate

Classic Bank

$306,526

Average Mortgage Loan Amount

Classic Bank

757

Number of Loan Applications

Classic Bank

$174,955

Average Income of Applicants with Approved Loans

Classic Bank

1.84%

Average Cost of Loans

Classic Bank

33.79%

Average Debt to Income Ratio

* All data provided by the Home Mortgage Disclosure Act, at cfpb.gov updated 12/31/2019

Distribution of Mortgage Loans

Top Counties by Number of Mortgage Loan Applications

1 Hamilton

Number of Loan Applications
133
Average Loan Amount
$319,404
Approval Rate
81.95%
Average Income of Approved Loans’ Applicants
$168,474

2 Bay

Number of Loan Applications
110
Average Loan Amount
$220,204
Approval Rate
89.09%
Average Income of Approved Loans’ Applicants
$97,330

3 Sevier

Number of Loan Applications
70
Average Loan Amount
$735,769
Approval Rate
74.29%
Average Income of Approved Loans’ Applicants
$131,884

4 Tuscaloosa

Number of Loan Applications
66
Average Loan Amount
$303,226
Approval Rate
93.94%
Average Income of Approved Loans’ Applicants
$190,841

5 Blount

Number of Loan Applications
57
Average Loan Amount
$300,116
Approval Rate
75.44%
Average Income of Approved Loans’ Applicants
$245,075

6 Knox

Number of Loan Applications
45
Average Loan Amount
$235,000
Approval Rate
84.44%
Average Income of Approved Loans’ Applicants
$531,906

Top States by Number of Mortgage Loan Applications

1 Tennessee

Number of Loan Applications
434
Average Loan Amount
$344,393
Approval Rate
79.72%
Average Income of Approved Loans’ Applicants
$199,827

2 Florida

Number of Loan Applications
159
Average Loan Amount
$259,286
Approval Rate
88.05%
Average Income of Approved Loans’ Applicants
$134,115

3 Alabama

Number of Loan Applications
134
Average Loan Amount
$259,417
Approval Rate
89.55%
Average Income of Approved Loans’ Applicants
$155,145

4 Georgia

Number of Loan Applications
25
Average Loan Amount
$222,778
Approval Rate
72.00%
Average Income of Approved Loans’ Applicants
$163,182

5 South Carolina

Number of Loan Applications
2
Average Loan Amount
$275,000
Approval Rate
100.00%
Average Income of Approved Loans’ Applicants
$303,000

6 Iowa

Number of Loan Applications
1
Average Loan Amount
$265,000
Approval Rate
100.00%
Average Income of Approved Loans’ Applicants
$192,000