SB FINANCIAL GROUP INC

For the period ended Dec 31, 2024. Filed Mar 7, 2025.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Mar 7, 2025

SBFG$28.25-0.6%Stored close · as of Nov 9, 2026

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Contents

Item 2. Properties

The Company’s principal executive offices are located at 401 Clinton Street, Defiance, Ohio. State Bank owns this facility, with a portion of the facility utilized as a retail banking center. In addition, State Bank owns the land and buildings occupied by 23 of its banking centers and leases two other properties used as banking centers. The Company also occupies office space from various parties for loan production and other business purposes on varying lease terms. There is no outstanding mortgage debt on any of the properties which are owned by State Bank.

Listed below are the banking centers, loan production offices and service facilities of the Company and their addresses, all of which are located in Allen, Defiance, Delaware, Franklin, Fulton, Hancock, Lucas, Paulding, Williams and Wood counties of Ohio; Allen, Boone, Hamilton and Steuben counties of Indiana; and Monroe county of Michigan:

SB Financial Group, Inc. Property List as of December 31, 2024

($ in thousands) · Description/Address · Leased/ Owned · Total Deposits 12/31/24
Main Banking Center & Corporate Office
401	Clinton Street, Defiance, OH	Owned		$301,890
Banking Centers/Drive-Thru’s
1419	West High Street, Bryan, OH	Owned		63,596
510	Third Street, Defiance, OH (Drive-thru)	Owned		N/A
1600	North Clinton Street, Defiance, OH	Leased		34,140
312	Main Street, Delta, OH	Owned		19,953
4080	West Dublin Granville Road, Dublin, OH	Owned		88,108
104	North Michigan Avenue, Edgerton, OH	Owned		11,091
201	East Lincoln Street, Findlay, OH	Owned		25,926
408	South Main Street Suite A, Findlay, OH	Leased		133
12832	Coldwater Road, Fort Wayne, IN	Owned		29,979
1232	North Main Street, Bowling Green, OH	Owned		24,782
235	Main Street, Luckey, OH	Owned		29,604
133	East Morenci Street, Lyons, OH	Owned		24,437
930	West Market Street, Lima, OH	Owned		66,383
1201	East Main Street, Montpelier, OH	Owned		43,168
218	North First Street, Oakwood, OH	Owned		23,915
220	North Main Street, Paulding, OH	Owned		84,437
610	East South Boundary Street, Perrysburg, OH	Owned		12,689
119	South State Street, Pioneer, OH	Owned		37,896
6401	Monroe Street, Sylvania, OH	Owned		56,438
311	Main Street, Walbridge, OH	Owned		28,278
101	North Michigan Street, Edon, OH	Owned		58,790
1379	North Shoop Avenue, Wauseon, OH	Owned		86,972
Loan Production Offices
307	North Wayne Street, Angola, IN	Owned		N/A
10100	Lantern Road, Suite 240, Fishers, IN	Leased		N/A
94	Granville Street, Gahanna, OH	Owned		N/A
8204	Secor Road, Lambertville, MI	Leased		N/A
1900	Monroe Street, Suite 108, Toledo, OH	Leased		N/A
100	South Main Street, Suite 102, Zionsville, IN	Leased		N/A
Service Facilities (SBT/ SBFG Title)
105	East Holland Street, Archbold, OH	Leased		N/A
125	West Butler Street, Bryan OH	Owned		N/A
9101	Antares Avenue, Columbus, OH	Owned		N/A
1911	Baltimore Road, Defiance, OH	Leased		N/A
Total deposits			$1,152,605

SB Captive operates from office space located at 101 Convention Center Dr.,Suite 850, Las, Vegas, NV 89109.

The Company’s subsidiaries have several noncancellable leases for business use that expire over the next five years. Aggregate rental expense for these leases was $0.20 million and $0.19 million for the years ended December 31, 2024, and 2023, respectively.

Future minimum lease payments under operating leases are:

($ in thousands)
2025	$275
2026	197
2027	158
2028	122
2029	116
Thereafter	487
Total minimum lease payments	$1,355

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.