SB Financial Group Inc. (SBFG) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
401 CLINTON ST DEFIANCE, OH 43512 |
| State of Incorp. | OH |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6022 - State Commercial Banks (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 24,500 | 34,817 | 149,511 | 140,690 | 27,064 | 48,363 | |||
| Cash and cash equivalents | 24,500 | 34,817 | 149,511 | 140,690 | 27,064 | 48,363 | |||
| Receivables | 984,426 | 860,149 | |||||||
| Deposits current assets | 2,131 | 2,643 | |||||||
| Total current assets: | 1,008,926 | 36,948 | 152,154 | 1,000,839 | 27,064 | 48,363 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 200 | ✕ | |||||||
| Property, plant and equipment | 21,378 | 22,829 | 23,212 | 23,557 | 23,385 | 22,084 | |||
| Long-term investments and receivables | |||||||||
| Long-term investments | |||||||||
| Accounts and financing receivable, after allowance for credit loss | |||||||||
| Intangible assets, net (including goodwill), including: | 23,239 | 23,239 | 23,191 | 22,091 | 17,832 | 16,401 | |||
| Goodwill | 23,239 | 23,239 | 23,191 | 22,091 | 17,800 | 16,400 | |||
| Other undisclosed intangible assets, net (including goodwill) | 32 | 1 | |||||||
| Total noncurrent assets: | 44,617 | 46,068 | 46,403 | 45,648 | 41,417 | 38,485 | |||
| Other undisclosed assets | 289,706 | 1,252,617 | 1,132,297 | 211,352 | 970,096 | 899,980 | |||
| TOTAL ASSETS: | 1,343,249 | 1,335,633 | 1,330,854 | 1,257,839 | 1,038,577 | 986,828 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 74,487 | 29,846 | 30,640 | 20,200 | 12,900 | 15,200 | |||
| Total current liabilities: | 74,487 | 29,846 | 30,640 | 20,200 | 12,900 | 15,200 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 19,594 | 19,546 | |||||||
| Long-term debt, excluding current maturities | 19,594 | 19,546 | |||||||
| Total noncurrent liabilities: | 19,594 | 19,546 | |||||||
| Other undisclosed liabilities | 1,144,420 | 1,167,765 | 1,135,739 | 1,094,716 | 889,583 | 841,193 | |||
| Total liabilities: | 1,218,907 | 1,217,205 | 1,185,925 | 1,114,916 | 902,483 | 856,393 | |||
| Equity | |||||||||
| Equity, attributable to parent | 124,342 | 118,428 | 144,929 | 142,923 | 136,094 | 130,435 | |||
| Preferred stock | 13,979 | ||||||||
| Common stock | 61,319 | 61,319 | 54,463 | 54,463 | 54,463 | 40,485 | |||
| Treasury stock, value | (30,756) | (27,824) | (22,349) | (13,173) | (6,755) | (2,715) | |||
| Additional paid in capital | 15,124 | 15,087 | 14,944 | 14,845 | 15,023 | 15,226 | |||
| Accumulated other comprehensive income (loss) | (29,831) | (32,120) | (1,845) | 2,210 | 659 | (552) | |||
| Retained earnings | 108,486 | 101,966 | 99,716 | 84,578 | 72,704 | 64,012 | |||
| Total equity: | 124,342 | 118,428 | 144,929 | 142,923 | 136,094 | 130,435 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,343,249 | 1,335,633 | 1,330,854 | 1,257,839 | 1,038,577 | 986,828 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 67,472 | 19,626 | 32,710 | 31,664 | 3,566 | 3,092 | ||
| Contractually specified servicing fee, late fee, and ancillary fee earned in exchange for servicing financial asset | 3,400 | 3,200 | 3,100 | 3,200 | ||||
| Gain (loss) on disposition of assets for financial service operations | 5,920 | 5,430 | 17,571 | 25,803 | (5) | 35 | ||
| Net investment income | 58,152 | 10,996 | 12,039 | 2,661 | 3,571 | 3,057 | ||
| Cost of revenue | (1,557) | (1,749) | (4,935) | (9,262) | (2,126) | (1,230) | ||
| Provision for loan, lease, and other losses | (315) | (1,050) | (4,500) | |||||
| Amortization of mortgage servicing rights (msrs) | (1,242) | (1,749) | (3,885) | (4,762) | (2,126) | (1,230) | ||
| Gross profit: | 65,915 | 17,877 | 27,775 | 22,402 | 1,440 | 1,862 | ||
| Operating expenses | (34,910) | (36,430) | (39,180) | (39,183) | (32,704) | (29,972) | ||
| Other operating income, net (Noninterest Income, Other Operating Income) | 1,559 | 1,068 | 1,224 | 1,466 | 1,570 | 1,582 | ||
| Operating income (loss): | 32,564 | (17,485) | (10,181) | (15,315) | (29,694) | (26,528) | ||
| Nonoperating income (expense) | 1,585 | 1,385 | 3,496 | (3,521) | ||||
| Bank owned life insurance income | 1,635 | 106 | 60 | 65 | ||||
| Mortgage servicing rights (msr) impairment (recovery) | (50) | 1,279 | 3,436 | (3,586) | ||||
| Interest and debt expense | (18,879) | (5,170) | (4,020) | (6,705) | (9,574) | (6,212) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 43,980 | 53,900 | 47,184 | |||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 15,270 | (21,270) | (10,705) | 18,439 | 14,632 | 14,444 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (553) | 36,586 | 33,428 | |||||
| Income from continuing operations before income taxes: | 14,717 | 15,316 | 22,723 | 18,439 | 14,632 | 14,444 | ||
| Income tax expense | (2,622) | (2,795) | (4,446) | (3,495) | (2,659) | (2,806) | ||
| Income from continuing operations: | 12,095 | 12,521 | 18,277 | 14,944 | 11,973 | 11,638 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 18,277 | 14,944 | 11,973 | 11,638 | |
| Net income attributable to parent: | 12,095 | 12,521 | 18,277 | 14,944 | 11,973 | 11,638 | ||
| Preferred stock dividends and other adjustments | 1,991 | (950) | (975) | |||||
| Undistributed earnings (loss) allocated to participating securities, basic | (8,482) | |||||||
| Other undisclosed net income available to common stockholders, basic | 6,462 | |||||||
| Net income available to common stockholders, basic: | 12,066 | 12,521 | 18,277 | 14,944 | 11,023 | 10,663 | ||
| Dilutive securities, effect on basic earnings per share | 88 | |||||||
| Net income available to common stockholders, diluted: | 12,154 | 12,521 | 18,277 | 14,944 | 11,023 | 10,663 | ||
Comprehensive Income ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 12,095 | 12,521 | 18,277 | 14,944 | 11,973 | 11,638 | ||
| Other comprehensive income (loss) | 2,289 | 811 | ||||||
| Other undisclosed comprehensive income | ||||||||
| Comprehensive income: | 14,384 | 12,521 | 18,277 | 14,944 | 11,973 | 12,449 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (30,275) | (4,055) | 1,551 | 1,211 | (1,222) | |||
| Comprehensive income (loss), net of tax, attributable to parent: | 14,384 | (17,754) | 14,222 | 16,495 | 13,184 | 11,227 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.