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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

$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