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 21 of its banking centers and leases two other properties 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. 25 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 and Hamilton counties of Indiana; and Monroe county of Michigan: SB Financial Group, Inc. Property List as of December 31, 2021 ($ in thousands) Description/Address Leased/Owned Total Deposits 12/31/21 Main Banking Center & Corporate Office 401 Clinton Street, Defiance, OH Owned $ 283,626 Banking Centers/Drive-Thru's 1419 West High Street, Bryan, OH Owned 56,577 510 Third Street, Defiance, OH (Drive-thru) Owned N/A 1600 North Clinton Street, Defiance, OH Leased 44,628 312 Main Street, Delta, OH Owned 22,297 4080 West Dublin Granville Road, Dublin, OH Owned 71,371 104 North Michigan Avenue, Edgerton, OH Owned 15,808 201 East Lincoln Street, Findlay, OH Owned 18,291 408 South Main Street Suite A, Findlay, OH Leased 640 12832 Coldwater Road, Fort Wayne, IN Owned 23,214 1232 North Main Street, Bowling Green, OH Owned 15,654 235 Main Street, Luckey, OH Owned 37,705 133 East Morenci Street, Lyons, OH Owned 23,633 930 West Market Street, Lima, OH Owned 55,166 1201 East Main Street, Montpelier, OH Owned 47,903 218 North First Street, Oakwood, OH Owned 27,373 220 North Main Street, Paulding, OH Owned 75,379 610 East South Boundary Street, Perrysburg, OH Owned 17,582 119 South State Street, Pioneer, OH Owned 42,021 6401 Monroe Street, Sylvania, OH Owned 76,626 311 Main Street, Walbridge, OH Owned 32,465 101 North Michigan Street, Edon, OH Owned 58,044 1379 North Shoop Avenue, Wauseon, OH Owned 67,043 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 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 10100 Lantern Road, Fishers, IN Leased N/A Total deposits $ 1,113,045 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 $0.19 million and $0.18 million for the years ended December 31, 2021 and 2020, respectively. 26 Future minimum lease payments under operating leases are: ($ in thousands) 2022 $ 177 2023 141 2024 138 2025 134 2026 135 Thereafter 763 Total minimum lease payments $ 1,488