Smartfinancial (SMBK) risk factors
Item 1A of every Smartfinancial Inc. 10-K on file, and what changed from one year to the next.
- FY2025 10-K risk factors
32 risks, 1 new, 2 dropped, 5 reworded since the prior year. Real estate loan exposure increased slightly to 80% of total loans and leases by December 31, 2025. Top ten borrower concentration decreased from 9% to 7% of total loans. Mortgage banking risks now explicitly highlight secondary market sales and unpredictable Federal Reserve rate decisions.
Filed Mar 16, 2026 - FY2024 10-K risk factors
33 risks. Interest rate changes by the Federal Reserve heavily impact net interest income and mortgage banking revenues. Geographic concentration in Tennessee, Alabama, and Florida links financial results to local economic conditions. Commercial real estate loans and large borrower relationships present concentration risks to asset quality.
Filed Mar 17, 2025