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 23 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. 27 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: SB Financial Group, Inc. Property List as of December 31, 2024 ($ in thousands) Description/Address Leased/ Owned Total Deposits 12/31/24 Main Banking Center & Corporate Office 401 Clinton Street, Defiance, OH Owned $ 301,890 Banking Centers/Drive-Thru’s 1419 West High Street, Bryan, OH Owned 63,596 510 Third Street, Defiance, OH (Drive-thru) Owned N/A 1600 North Clinton Street, Defiance, OH Leased 34,140 312 Main Street, Delta, OH Owned 19,953 4080 West Dublin Granville Road, Dublin, OH Owned 88,108 104 North Michigan Avenue, Edgerton, OH Owned 11,091 201 East Lincoln Street, Findlay, OH Owned 25,926 408 South Main Street Suite A, Findlay, OH Leased 133 12832 Coldwater Road, Fort Wayne, IN Owned 29,979 1232 North Main Street, Bowling Green, OH Owned 24,782 235 Main Street, Luckey, OH Owned 29,604 133 East Morenci Street, Lyons, OH Owned 24,437 930 West Market Street, Lima, OH Owned 66,383 1201 East Main Street, Montpelier, OH Owned 43,168 218 North First Street, Oakwood, OH Owned 23,915 220 North Main Street, Paulding, OH Owned 84,437 610 East South Boundary Street, Perrysburg, OH Owned 12,689 119 South State Street, Pioneer, OH Owned 37,896 6401 Monroe Street, Sylvania, OH Owned 56,438 311 Main Street, Walbridge, OH Owned 28,278 101 North Michigan Street, Edon, OH Owned 58,790 1379 North Shoop Avenue, Wauseon, OH Owned 86,972 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) 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 Total deposits $ 1,152,605 SB Captive operates from office space located at 101 Convention Center Dr.,Suite 850, Las, Vegas, NV 89109. 28 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 $0.19 million for the years ended December 31, 2024, and 2023, respectively. Future minimum lease payments under operating leases are: ($ in thousands) 2025 $ 275 2026 197 2027 158 2028 122 2029 116 Thereafter 487 Total minimum lease payments $ 1,355