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State Bank and Trust Company, The

Defiance, OH · Cert 13339 · SB Financial Group Inc.

State charter, Fed member · FED · 29 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets operating regionally3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks $1B-$10B in assets operating regionally (n=176). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

48

Q2 2024Q2 2026peer median (50)

Asset Quality

70

Q2 2024Q2 2026peer median (50)

Profitability

37

Q2 2024Q2 2026peer median (50)

Liquidity

76

Q2 2024Q2 2026peer median

Efficiency

30

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

State Bank and Trust Company, The

Defiance, OH · Cert 13339 · SB Financial Group Inc.

State charter, Fed member · FED · 29 branches

Q2 2026

$1.6BAssets
$1.2BLoans
$1.4BDeposits
$165.6MEquity
Loan mix
90%RE $1.0B9%C&I $0.1B2%Consumer $0.0BQ2 2025Q2 2026
Deposit mix
81%Interest-bearing $1.1B19%Noninterest $0.3BQ2 2025Q2 2026

NIM

4.46%Q2 ’244.67%Q2 ’254.77%Q2 ’26+12%+2%

Non-interest income vs. expense

2.89%Q2 ’242.94%Q2 ’252.82%Q2 ’26+5%-6%

Market Position · Toledo, OH · 2026 SOD (annual) · 2.1% share · #10 of 22 inst. · $0.3B of $16.1B

27.7% Defiance
23.3% Williams
11.9% Fulton
28.4% Paulding

Executive Summary

  • Earnings: ROA of 1.17%, up 19 bps year over year; NIM at 3.27%.
  • Asset quality: problem loans at 0.30% of loans (-23 bps YoY), with net charge-offs at 0.04%.
  • Capital: tier 1 leverage ratio of 10.00%, down 16 bps from a year ago.
  • Funding: loans stand at 85.51% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.17%+19 bps YoY

Net Interest Margin (YTD, annualized)

3.27%+7 bps YoY

Efficiency Ratio (YTD, annualized)

65.30%-393 bps YoY

Tier 1 Leverage Ratio

10.00%-16 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.98%1.03%1.08%1.19%1.17%+19 bps
Return on Equity9.51%9.91%10.42%11.75%11.52%+201 bps
Net Interest Margin3.20%3.25%3.24%3.30%3.27%+7 bps
Efficiency Ratio69.23%68.71%67.57%64.89%65.30%-393 bps
Non-Interest Burden1.86%1.88%1.83%1.74%1.74%-11 bps
Growth
Asset Growth (YoY)10.85%7.34%12.23%7.06%9.14%-171 bps
Loan Growth (YoY)9.30%7.35%12.23%8.77%8.08%-122 bps
Deposit Growth (YoY)11.89%8.56%13.85%8.07%11.69%-20 bps
Asset Quality
Nonperforming Loans / Loans0.53%0.41%0.39%0.32%0.30%-23 bps
Net Charge-Offs / Loans0.02%0.02%0.02%0.01%0.04%+1 bps
Allowance / Loans1.41%1.43%1.36%1.38%1.37%-4 bps
Allowance Coverage of NPLs2.7x3.5x3.5x4.3x4.6x+1.9x
Capital
Tier 1 Leverage Ratio10.15%10.08%9.86%9.91%10.00%-16 bps
Total Risk-Based Capital13.78%13.73%13.03%13.47%13.62%-16 bps
Equity / Assets10.42%10.43%10.19%10.08%10.27%-15 bps
Liquidity & Funding
Loans / Deposits88.37%87.96%89.74%85.95%85.51%-286 bps
Liquid Assets / Assets3.77%4.37%3.56%7.05%7.63%+385 bps
CRE / Total Capitaln/a310%354%343%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

State Bank and Trust Company, The

Defiance, OH · Cert 13339 · Peer group: banks $1B-$10B in assets operating regionally (n=176) · SB Financial Group Inc.

State charter, Fed member · FED · 29 branches

Q2 2026

$1.6BAssets
$1.2BLoans
$1.4BDeposits
$165.6MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 76% of banks $1B-$10B in assets operating regionally (rank 44 of 176).
  • Widest gap: net interest margin trails 74% of banks $1B-$10B in assets operating regionally (rank 130 of 176).
  • Overall: at or above the peer median on 2 of 9 directional measures.

Return on Assets

1.15%

Rank 104 of 176

Net Interest Margin

3.27%

Rank 130 of 176

Efficiency Ratio

65.64%

Rank 124 of 176

Equity / Assets

10.27%

Rank 91 of 176

Non-interest income vs. expense

$17.6M$46.2MINCOMEEXPENSE
Unfavorable gap of $28.5M · efficiency ratio beats 30% of banks $1B-$10B in assets operating regionally
Bank 65.64%Peer median 59.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.15%0.93%1.26%1.54%Beats 41%104 / 176
Return on Equity11.21%9.26%11.89%14.46%Beats 43%101 / 176
Net Interest Margin3.27%3.25%3.59%3.93%Beats 26%130 / 176
Efficiency Ratio65.64%52.79%59.55%67.66%Beats 30%124 / 176
Asset Quality
Nonperforming Loans / Loans0.30%0.30%0.64%1.32%Beats 76%44 / 176
Net Charge-Offs / Loans0.02%0.01%0.04%0.10%Beats 64%64 / 176
Capital
Tier 1 Capital Ratio12.37%11.15%12.72%14.15%Beats 46%95 / 176
Total Risk-Based Capital Ratio13.62%11.81%13.63%15.33%Beats 49%89 / 176
Equity / Assets10.27%9.16%10.35%11.80%Beats 48%91 / 176
Liquidity & Funding
Loans / Deposits85.51%80.94%89.73%97.21%37th pctl111 / 176
Loans / Assets74.23%69.25%75.12%80.82%46th pctl95 / 176
Brokered Deposits / Depositsn/aNot reported for this institution