SMBK — what changed in the latest 10-Q
A section-by-section comparison of SMBK's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-10 vs the prior 10-Q · 2026-05-11
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +34 | −13 | ~24 | 48 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-10
●risk and cost related to the development and use of artificial intelligence in our industry and generally; and
●Net income totaled $30.0 million, or $1.77 per diluted common share, during the first six months of 2026 compared to $23.0 million, or $1.36 per diluted common share, for the same period in 2025.
●Annualized return on average assets for the three months ended June 30, 2026, and 2025 was 1.10% and 0.88%, respectively.
●Annualized return on average assets for the six months ended June 30, 2026, and 2025 was 1.03% and 0.87%, respectively.
●Organic loans and leases increased year-to-date for 2026, with loans and leases increasing $319.4 million from December 31, 2025.
Text removed vs the prior filing · source: 10-Q · 2026-05-11
●Annualized return on average assets for the three months ended March 31, 2026, and 2025 was 0.96% and 0.87%, respectively.
●Net organic loan and lease increased year-to-date for 2026, with net loans and leases increasing $151.8 million from December 31, 2025.
The following is a summary of certain financial information for the three-month periods ended March 31, 2026, and 2025 and as of March 31, 2026, and December 31, 2025 (dollars in thousands, except per share data):
Net income was $13.7 million, or $0.81 per diluted common share, for the first quarter of 2026, compared to $11.3 million, or $0.67 per diluted common share, for the first quarter of 2025. For the three months ended March 31, 2026, when compared to the comparable period in 2025, the increase in net …
Net interest income, taxable equivalent, increased to $46.2 million for the first quarter of 2026, up from $38.6 million for the first quarter of 2025. Net interest income increased due to higher loan and lease balances, higher yields on these assets, and lower cost of interest-bearing libailities. …
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice