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sb financial group Exhibit 99.1 SB Financial Group Announces Second Quarter 2021 Results DEFIANCE , OH , July 26 , 2021 -- SB Financial Group , Inc. ( NASDAQ : SBFG ) ( “ SB Financial " or the " Company " ) , a diversified financial services company providing full - service community banking , mortgage banking , wealth management , private client and title insurance services today reported earnings for the second quarter and six months ended June 30 , 2021 . Second quarter 2021 highlights over prior - year second quarter include : Net income of $ 3.8 million ; diluted earnings per share ( " EPS " ) of $ 0.52 or a 10.6 percent increase • • Adjusted net income , excluding the impact of the Originated Mortgage Servicing Rights ( " OMSR " ) impairment of $ 0.1 million was $ 3.84 million , with EPS of $ 0.53 Mortgage origination volume of $ 164.9 million , reflects a decrease of $ 58.8 million , or 26.3 percent Six months ended June 30 , 2021 , highlights over prior - year six months include : • Net income of $ 10.8 million and diluted EPS of $ 1.49 , compared to $ 4.3 million , or $ 0.56 per share or a 166.1 percent increase Adjusted net income , excluding the impact of OMSR activity and merger costs of $ 8.8 million , up $ 0.9 million or 10.9 percent • Adjusted diluted EPS of $ 1.21 , up $ 0.18 per share or 17.5 percent Second quarter 2021 trailing twelve - month highlights include : • Loans excluding Paycheck Protection Program ( " PPP " ) loan balances of $ 34.8 million , decreased $ 3.0 million , or 0.4 percent from the prior year Deposits grew by $ 100.4 million , or 10.1 percent to $ 1.09 billion at quarter end • Mortgage origination volume of $ 689.9 million ; servicing portfolio of $ 1.32 billion , which is up $ 1.2 million , or 4.9 percent Highlights ( $ in thousands , except per Three Months Ended share & ratios ) Jun . 2021 Jun . 2020 % Change Jun . 2021 Six Months Ended Jun . 2020 % Change Operating revenue $ 15,694 $ 17,487 -10.3 % $ 36,241 $ 28,196 28.5 % Interest income Interest expense Net interest income Provision for loan losses 10,163 10,595 -4.1 % 20,868 21,239 -1.7 % 1,006 1,723 -41.6 % 2,086 3,819 -45.4 % 9,157 8,872 3.2 % 18,782 17,420 7.8 % 1,300 -100.0 % 750 1,900 -60.5 % Noninterest income 6,537 8,615 -24.1 % 17,459 10,776 62.0 % Noninterest expense 11,076 11,662 -5.0 % 21,985 21,068 4.4 % Net income 3,761 3,655 2.9 % 10,842 4,336 150.0 % Earnings per diluted share 0.52 0.47 10.6 % 1.49 0.56 166.1 % Return on average assets 1.13 % 1.25 % -9.6 % 1.66 % 0.78 % 112.8 % Return on average equity 10.42 % 10.31 % 1.1 % 15.09 % 6.22 % 142.6 % Non - GAAP Measures Adjusted net income Adjusted diluted EPS Adjusted return on average assets Adjusted pre - tax , pre - provision income $ 3,840 $ 0.53 1.16 % 4,717 5,495 0.71 1.88 % 8,154 -30.1 % $ 8,783 $ 7,923 10.9 % -25.4 % 1.21 1.03 17.5 % -38.3 % 1.50 % 1.42 % 5.6 % -42.2 % 10,900 11,669 -6.6 % " We began to see some return to normalcy in our second quarter results ” said Mark A. Klein , Chairman , President , and CEO of SB Financial . “ We achieved month over month loan growth in May and June and despite market headwinds , our mortgage team originated nearly $ 165 million in volume this quarter . We also successfully completed a debt raise in the quarter , which will serve us well as we look to grow our Company in the coming years . "