SB FINANCIAL GROUP, INC. 10-K

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 twenty-one of its banking centers and leases one other property used as a banking center. 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. 31 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, Fulton, Franklin, Hancock, Lucas, Paulding, Williams and Wood counties of Ohio; Allen and Hamilton counties of Indiana; and Monroe county of Michigan: SB Financial Group, Inc. Property List as of December 31, 2020 ($ in thousands) Description/Address Leased/ Owned Total Deposits 12/31/20 Main Banking Center & Corporate Office 401 Clinton Street, Defiance, OH Owned $ 266,066 Banking Centers/Drive-Thru’s 1419 West High Street, Bryan, OH Owned 55,266 510 Third Street, Defiance, OH (Drive-thru) Owned N/A 1600 North Clinton Street, Defiance, OH Leased 40,370 312 Main Street, Delta, OH Owned 22,147 4080 West Dublin Granville Road, Dublin, OH Owned 68,074 201 East Lincoln Street, Findlay, OH Owned 16,443 408 South Main Street Suite A, Findlay, OH Leased - 12832 Coldwater Road, Fort Wayne, IN Owned 25,742 1232 North Main Street, Bowling Green, OH Owned 13,513 235 Main Street, Luckey, OH Owned 36,662 133 East Morenci Street, Lyons, OH Owned 23,099 930 West Market Street, Lima, OH Owned 65,239 1201 East Main Street, Montpelier, OH Owned 46,885 218 North First Street, Oakwood, OH Owned 25,021 220 North Main Street, Paulding, OH Owned 63,184 610 East South Boundary Street, Perrysburg, OH Owned 16,641 119 South State Street, Pioneer, OH Owned 36,343 6401 Monroe Street, Sylvania, OH Owned 80,093 311 Main Street, Walbridge, OH Owned 34,437 101 North Michigan Street, Edon, OH Owned 53,931 1379 North Shoop Avenue, Wauseon, OH Owned 59,854 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 8194 Secor Road, Lambertville, MI Leased N/A 1900 Monroe Street, Suite 108, Toledo, OH Leased N/A Service Facilities (SBT/ SBFG Title) 104 Depot Street, Archbold, OH Leased N/A 105 East Holland Street, Archbold, OH Leased N/A 1911 Baltimore Road, Defiance, OH Leased N/A 9101 Antares Avenue, Columbus, OH Owned N/A Total deposits $ 1,049,011 SB Captive operates from office space located at 101 Convention Center Dr., Suite 850, Las Vegas, NV 89109. 32 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 $0.18 million and $0.19 million for the years ended December 31, 2020 and 2019, respectively. Future minimum lease payments under operating leases are: ($ in thousands) 2021 $ 195 2022 144 2023 132 2024 129 2025 129 Thereafter 883 Total minimum lease payments $ 1,611