News Column

BRIEF: State Bank parent firm reports quarterly profit

July 29, 2014

The Blade, Toledo, Ohio

July 29--DEFIANCE -- SB Financial Group Inc., the parent firm of State Bank and Trust Co., reported a second-quarter profit Monday of $1.2 million, or 25 cents a share, down from $1.3 million, or 27 cents a share, over the same period a year earlier.

The firm said it had net interest income, a key measurement for banks, of $5.4 million. That compared with $5.5 million for the same quarter a year ago. It had assets of $662.5 million in the latest period, compared with $631.5 million a year ago.

Its provision for loan losses was $150,000 compared with $200,000 a year ago.


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Source: Blade (Toledo, OH)

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