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 banking centers. 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. 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, Boone, Hamilton and Steuben counties of Indiana; and Monroe county of Michigan: 28 SB Financial Group, Inc. Property List as of December 31, 2022 ($ in thousands) Description/Address Leased/ Owned Total Deposits 12/31/22 Main Banking Center & Corporate Office 401 Clinton Street, Defiance, OH Owned $ 281,891 Banking Centers/Drive-Thru’s 1419 West High Street, Bryan, OH Owned 51,585 510 Third Street, Defiance, OH (Drive-thru) Owned N/A 1600 North Clinton Street, Defiance, OH Leased 41,217 312 Main Street, Delta, OH Owned 23,015 4080 West Dublin Granville Road, Dublin, OH Owned 77,113 104 North Michigan Avenue, Edgerton, OH Owned 12,029 201 East Lincoln Street, Findlay, OH Owned 22,771 408 South Main Street Suite A, Findlay, OH Leased 594 12832 Coldwater Road, Fort Wayne, IN Owned 24,478 1232 North Main Street, Bowling Green, OH Owned 21,023 235 Main Street, Luckey, OH Owned 29,496 133 East Morenci Street, Lyons, OH Owned 22,139 930 West Market Street, Lima, OH Owned 57,153 1201 East Main Street, Montpelier, OH Owned 46,778 218 North First Street, Oakwood, OH Owned 26,333 220 North Main Street, Paulding, OH Owned 70,869 610 East South Boundary Street, Perrysburg, OH Owned 17,709 119 South State Street, Pioneer, OH Owned 38,003 6401 Monroe Street, Sylvania, OH Owned 70,541 311 Main Street, Walbridge, OH Owned 28,941 101 North Michigan Street, Edon, OH Owned 60,572 1379 North Shoop Avenue, Wauseon, OH Owned 62,415 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 8204 Secor Road, Lambertville, MI Leased N/A 1900 Monroe Street, Suite 108, Toledo, OH Leased N/A 100 South Main Street, Suite 102, Zionsville, IN 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 $ 1,086,665 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 $0.20 million and $0.19 million for the years ended December 31, 2022 and 2021, respectively. 29 Future minimum lease payments under operating leases are: ($ in thousands) 2023 $ 227 2024 184 2025 149 2026 135 2027 117 Thereafter 727 Total minimum lease payments $ 1,539