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 24 of its banking centers and leases three 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. 26 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, Henry, Lucas, Ottawa, Paulding, Warren, Williams and Wood counties of Ohio; Allen, Hamilton and Steuben counties of Indiana; and Wayne County of Michigan: SB Financial Group, Inc. Property List as of December 31, 2025 ($ in thousands) Description/Address Leased/ Owned Total Deposits 12/31/25 Main Banking Center & Corporate Office 401 Clinton Street, Defiance, OH Owned $ 327,688 Banking Centers/Drive-Thru’s 1419 West High Street, Bryan, OH Owned 63,704 510 Third Street, Defiance, OH (Drive-thru) Owned N/A 1600 North Clinton Street, Defiance, OH Leased 35,795 312 Main Street, Delta, OH Owned 20,151 4080 West Dublin Granville Road, Dublin, OH Owned 87,163 104 North Michigan Avenue, Edgerton, OH Owned 6,431 201 East Lincoln Street, Findlay, OH Owned 24,449 408 South Main Street Suite A, Findlay, OH Leased 209 12832 Coldwater Road, Fort Wayne, IN Owned 32,768 1232 North Main Street, Bowling Green, OH Owned 28,883 235 Main Street, Luckey, OH Owned 31,588 133 East Morenci Street, Lyons, OH Owned 25,262 930 West Market Street, Lima, OH Owned 72,253 1201 East Main Street, Montpelier, OH Owned 43,275 218 North First Street, Oakwood, OH Owned 25,964 220 North Main Street, Paulding, OH Owned 88,159 610 East South Boundary Street, Perrysburg, OH Owned 12,905 119 South State Street, Pioneer, OH Owned 41,004 6401 Monroe Street, Sylvania, OH Owned 64,258 709 W Main Street, Marblehead, OH Owned 37,312 259 S Bridge Road, Marblehead, OH Owned 9,822 311 Main Street, Walbridge, OH Owned 27,421 101 North Michigan Street, Edon, OH Owned 73,083 1379 North Shoop Avenue, Wauseon, OH Owned 115,370 1414 North Scott St, Suite 120, Napoleon, OH Leased 1,873 307 North Wayne Street, Angola, IN Owned 10,453 Loan Production Offices 10100 Lantern Road, Suite 240, Fishers, IN Leased N/A 94 Granville Street, Gahanna, OH Owned N/A 9313 Mason-Montgomery Road, Suite 125, Mason, OH Leased N/A 1900 Monroe Street, Suite 108, Toledo, OH Leased N/A Service Facilities (SBT/ SBFG Title) 9275 Haggerty Road, Belleville, MI 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 $ 1,307,244 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 $0.3 million and $0.2 million for the years ended December 31, 2025, and 2024, respectively. 27 Future minimum lease payments under operating leases are: ($ in thousands) 2026 $ 308 2027 271 2028 187 2029 178 2030 120 Thereafter 407 Total minimum lease payments $ 1,470