SB Financial Group posted Q2 net income of $4.5 million, up 16.7%, with diluted EPS of $0.72.
Operating revenue rose 4.5% to $17.9 million, while net interest income climbed to $13 million as net interest margin narrowed 5 basis points to 3.43%.
Provision for credit losses fell to $299,000 from $597,000, with net chargeoffs of $193,000 and delinquent loans at $3.8 million, or 0.32%.
Noninterest income edged down to $5 million as net mortgage banking revenue slipped to $1.92 million; mortgage originations fell 19% to $79.3 million.
Total assets increased 4.8% since year-end to $1.62 billion, while deposits grew 6.4% to $1.39 billion and borrowed funds declined to $59.3 million.
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