Item 1.01 Entry into a Material Definitive Agreement

On February 1, 2023, SmartFinancial, Inc. (the "Company"), a Tennessee corporation and the parent of SmartBank (the "Bank"), entered into a Second Amendment to Loan and Security Agreement (the "Amendment") and related Amended and Restated Revolving Note (the "Amended Revolving Note") which are in reference to the Company's Loan and Security Agreement dated March 31, 2020, (the "Agreement") and related revolving note with ServisFirst Bank (the "Lender"), pursuant to which Lender makes a revolving line of credit to the Company. The Amendment and the Amended Revolving Note increase the maximum principal amount of the revolving line of credit to an amount of up to $35.0 million. The Amendment includes an extension of the maturity date to February 1, 2025, and a change to the variable interest rate to a rate equal to The Wall Street Journal Prime Rate minus 0.65% (65 bps) with a floor of 3.25%.

The foregoing description of the Amendment and Amended Revolving Note does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment and Amended Revolving Note, which are filed as Exhibits 10.1 and 10.2 to this Current Report on Form 8-K and incorporated herein by reference.



            Creation of a Direct Financial Obligation or an Obligation under an
Item 2.03   Off-Balance Sheet Arrangement of a Registrant.


The information set forth under Item 1.01 is incorporated by reference in this Item 2.03 in its entirety.

Item 9.01 Financial Statements and Exhibits




Exhibit No.     Description
   10.1           The Second Amendment to Loan and Security Agreement, dated as of
                February 1, 2023, by and between SmartFinancial, Inc., as Borrower,
                and ServisFirst Bank, as Lender.*
   10.2           The Amended and Restated Revolving Note, dated as of February 1,
                2023, by and between SmartFinancial, Inc., as Borrower, and
                ServisFirst Bank, as Lender.*
    104         Cover Page Interactive Data File (embedded within the Inline XBRL
                document)

* Filed herewith

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