2023 Q1 Form 10-K Financial Statement

#000121390023018266 Filed on March 07, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $13.82M $44.57M
YoY Change 47.14% 6.36%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $546.0K $889.0K $2.196M
YoY Change -50.81% -41.9% -64.69%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $3.500M $5.170M
YoY Change 281.26% 28.61%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $2.967M $4.345M $15.32M
YoY Change -13.25% 5.98% -32.59%
Income Tax $517.0K $812.0K $2.795M
% Of Pretax Income 17.43% 18.69% 18.25%
Net Earnings $2.450M $3.527M $12.52M
YoY Change -12.9% 5.92% -31.5%
Net Earnings / Revenue 17.72% 28.09%
Basic Earnings Per Share $0.35 $1.79
Diluted Earnings Per Share $0.35 $0.50 $1.77
COMMON SHARES
Basic Shares Outstanding 7.003M shares 7.001M shares 7.042M shares
Diluted Shares Outstanding 7.008M shares 7.078M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $21.63M $27.82M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $22.62M $22.83M $22.83M
YoY Change -1.65% -1.65% -1.6%
Goodwill $23.24M $23.24M
YoY Change 0.0% 0.21%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $1.341B $1.336B $1.336B
YoY Change 0.46% 0.36% 0.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $1.441M $769.0K $769.0K
YoY Change 188.2% 156.33% 156.33%
Deferred Revenue
YoY Change
Short-Term Debt $16.00M $14.92M $14.92M
YoY Change -15.8% -2.59% -2.46%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $17.44M $769.0K $769.0K
YoY Change 3387.8% 156.33% 156.33%
LONG-TERM LIABILITIES
Long-Term Debt $29.92M $19.59M $29.90M
YoY Change 0.05% 0.25% 0.01%
Other Long-Term Liabilities $19.54M $24.94M $27.93M
YoY Change 105.63% 13.9% 42.48%
Total Long-Term Liabilities $49.45M $19.59M $57.83M
YoY Change 25.51% 0.25% 16.83%
TOTAL LIABILITIES
Total Short-Term Liabilities $17.44M $769.0K $769.0K
Total Long-Term Liabilities $49.45M $19.59M $57.83M
Total Liabilities $1.222B $1.217B $1.217B
YoY Change 1.58% 2.64% 2.64%
SHAREHOLDERS EQUITY
Retained Earnings $101.5M $102.0M
YoY Change 2.26%
Common Stock $76.27M $76.41M
YoY Change 10.08%
Preferred Stock
YoY Change
Treasury Stock (at cost) $28.39M $27.82M
YoY Change 24.5%
Treasury Stock Shares 1.590M shares
Shareholders Equity $119.8M $118.4M $118.4M
YoY Change
Total Liabilities & Shareholders Equity $1.341B $1.336B $1.336B
YoY Change 0.46% 0.36% 0.36%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $2.450M $3.527M $12.52M
YoY Change -12.9% 5.92% -31.5%
Depreciation, Depletion And Amortization $546.0K $889.0K $2.196M
YoY Change -50.81% -41.9% -64.69%
Cash From Operating Activities -$4.141M $12.75M $25.57M
YoY Change 181.7% 13.35% 48.14%
INVESTING ACTIVITIES
Capital Expenditures $338.0K $583.0K $1.896M
YoY Change -180.48% -206.0% -178.02%
Acquisitions
YoY Change
Other Investing Activities -$9.025M -$32.10M -$163.8M
YoY Change -78.97% -596.12% 135.44%
Cash From Investing Activities -$9.363M -$32.68M -$165.7M
YoY Change -78.4% -652.06% 130.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $5.900M
YoY Change -161.97%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $7.312M 19.81M $18.41M
YoY Change -71.09% -449.44% -71.03%
NET CHANGE
Cash From Operating Activities -$4.141M 12.75M $25.57M
Cash From Investing Activities -$9.363M -32.68M -$165.7M
Cash From Financing Activities $7.312M 19.81M $18.41M
Net Change In Cash -$6.192M -117.0K -$121.7M
YoY Change -68.28% -101.02% -1479.75%
FREE CASH FLOW
Cash From Operating Activities -$4.141M $12.75M $25.57M
Capital Expenditures $338.0K $583.0K $1.896M
Free Cash Flow -$4.479M $12.17M $23.67M
YoY Change 326.57% 3.13% 20.23%

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CY2022 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsNetOfTax
-30275000 usd
CY2022 us-gaap Common Stock Dividends Shares
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344663 shares
CY2022 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
-8000 usd
CY2022 sbfg Dividend Common Stock Per Share Amount
DividendCommonStockPerShareAmount
0.48
CY2022 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
3407000 usd
CY2022 us-gaap Stock Issued During Period Shares Conversion Of Convertible Securities
StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
317356 shares
CY2022 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
5900000 usd
CY2022 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
568000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
118428000 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
142923000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
18277000 usd
CY2021 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsNetOfTax
-4055000 usd
CY2021 sbfg Dividend Common Stock Per Share Amount
DividendCommonStockPerShareAmount
0.44
CY2021 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
3139000 usd
CY2021 us-gaap Stock Issued During Period Shares Conversion Of Convertible Securities
StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
507721 shares
CY2021 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
9520000 usd
CY2021 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
443000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
144929000 usd
CY2022 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
12521000 usd
CY2021 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
18277000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2196000 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2262000 usd
CY2021 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
1050000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
568000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
443000 usd
CY2022 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
897000 usd
CY2021 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1236000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
69000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
71000 usd
CY2022 us-gaap Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
1749000 usd
CY2021 us-gaap Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
3885000 usd
CY2022 us-gaap Mortgage Servicing Rights Msr Impairment Recovery
MortgageServicingRightsMSRImpairmentRecovery
-1279000 usd
CY2021 us-gaap Mortgage Servicing Rights Msr Impairment Recovery
MortgageServicingRightsMSRImpairmentRecovery
-3436000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
2709000 usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
2302000 usd
CY2022 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
189515000 usd
CY2021 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
490557000 usd
CY2022 us-gaap Payments To Purchase Loans Held For Sale
PaymentsToPurchaseLoansHeldForSale
181192000 usd
CY2021 us-gaap Payments To Purchase Loans Held For Sale
PaymentsToPurchaseLoansHeldForSale
478119000 usd
CY2022 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
4864000 usd
CY2021 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
17413000 usd
CY2022 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
1171000 usd
CY2021 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-879000 usd
CY2022 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
2014000 usd
CY2021 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-2006000 usd
CY2022 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
5865000 usd
CY2021 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-6743000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
25569000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
17257000 usd
CY2022 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
50618000 usd
CY2021 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
170694000 usd
CY2022 sbfg Proceeds From Maturities Of Interest Bearing Time Deposits
ProceedsFromMaturitiesOfInterestBearingTimeDeposits
512000 usd
CY2021 sbfg Proceeds From Maturities Of Interest Bearing Time Deposits
ProceedsFromMaturitiesOfInterestBearingTimeDeposits
3180000 usd
CY2022 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
35878000 usd
CY2021 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
50471000 usd
CY2022 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
139670000 usd
CY2021 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
-48503000 usd
CY2022 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1896000 usd
CY2021 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
2427000 usd
CY2022 us-gaap Payments To Acquire Life Insurance Policies
PaymentsToAcquireLifeInsurancePolicies
10500000 usd
CY2021 us-gaap Payments To Acquire Life Insurance Policies
PaymentsToAcquireLifeInsurancePolicies
50000 usd
CY2022 us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
1023000 usd
CY2022 us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
1646000 usd
CY2021 us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
129000 usd
CY2021 sbfg Cash Paid In Acquisition
CashPaidInAcquisition
1100000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-165671000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-71988000 usd
CY2022 sbfg Market Interest Checking Savings Accounts
MarketInterestCheckingSavingsAccounts
-60756000 usd
CY2021 sbfg Market Interest Checking Savings Accounts
MarketInterestCheckingSavingsAccounts
137079000 usd
CY2022 us-gaap Increase Decrease In Time Deposits
IncreaseDecreaseInTimeDeposits
34376000 usd
CY2021 us-gaap Increase Decrease In Time Deposits
IncreaseDecreaseInTimeDeposits
-73045000 usd
CY2022 sbfg Net Decrease In Securities Sold Under Agreements To Repurchase
NetDecreaseInSecuritiesSoldUnderAgreementsToRepurchase
397000 usd
CY2021 sbfg Net Decrease In Securities Sold Under Agreements To Repurchase
NetDecreaseInSecuritiesSoldUnderAgreementsToRepurchase
4869000 usd
CY2022 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
232000000 usd
CY2022 sbfg Repayment Of Federal Home Loan Bank Advances
RepaymentOfFederalHomeLoanBankAdvances
-177500000 usd
CY2021 sbfg Repayment Of Federal Home Loan Bank Advances
RepaymentOfFederalHomeLoanBankAdvances
-2500000 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
5900000 usd
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
9520000 usd
CY2022 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
3415000 usd
CY2021 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
3139000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
18408000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
63552000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-121694000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
8821000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
149511000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
140690000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
27817000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
149511000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
4700000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
4337000 usd
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
4230000 usd
CY2021 sbfg Fair Value Of Asset Acquired
FairValueOfAssetAcquired
318000 usd
CY2022 sbfg Transfer Of Loans To Foreclosed Assets
TransferOfLoansToForeclosedAssets
322000 usd
CY2021 sbfg Transfer Of Loans To Foreclosed Assets
TransferOfLoansToForeclosedAssets
1687000 usd
CY2022 us-gaap Stock Issued1
StockIssued1
6856000 usd
CY2022 us-gaap Nature Of Operations
NatureOfOperations
<p style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Organization and Nature of Operations</span></p><p style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">SB Financial Group, Inc. (the “Company”) is a financial holding company whose principal activity is the ownership and management of its wholly-owned subsidiaries, The State Bank and Trust Company (“State Bank”), SBFG Title, LLC dba Peak Title Agency (“SBFG Title”), SB Captive, Inc. (“SB Captive”), RFCBC, Inc. (“RFCBC”), Rurbanc Data Services, Inc. dba RDSI Banking Systems (“RDSI”), and Rurban Statutory Trust II (“RST II”). State Bank owns all the outstanding stock of Rurban Mortgage Company (“RMC”) and State Bank Insurance, LLC (“SBI”). The Company is primarily engaged in providing a full range of banking and wealth management services to individual and corporate customers primarily located in Ohio, Indiana, and Michigan. The Company is subject to competition from other financial institutions in its market areas. The Company is regulated by certain federal and state agencies and undergoes periodic examinations by those regulatory authorities.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Use of Estimates</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses, loan servicing rights, and fair value of financial instruments.</span></p><p style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 8pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
1600000 usd
CY2022Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
9800000 usd
CY2022 sbfg Likelihood Percentage
likelihoodPercentage
0.50 pure
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.50 pure
CY2022Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
20000000 usd
CY2022 us-gaap Debt Conversion Converted Instrument Rate
DebtConversionConvertedInstrumentRate
0.0365 pure
CY2022 us-gaap Revenue Recognition Deferred Revenue
RevenueRecognitionDeferredRevenue
<p style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Revenue Recognition</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 8pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company recognizes revenues as they are earned based on contractual terms, as transactions occur, or services are provided and collectability is reasonably assured. The Company’s principal source of revenue is interest income from loans and leases and investment securities. The Company also earns noninterest income from various banking and financial services offered through State Bank.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Interest income is the largest source of revenue for the Company and is primarily recognized on an accrual basis.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 8pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Noninterest income is earned through a variety of financial and transaction services provided to corporate and consumer clients such as trust and wealth advisory, deposit account, debit card, mortgage banking and title insurance.</span></p><p style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 8pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022 us-gaap Net Income Loss
NetIncomeLoss
12521000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
18277000 usd
CY2022 sbfg Net Income Allocated To Participating Securities
NetIncomeAllocatedToParticipatingSecurities
27000 usd
CY2021 sbfg Net Income Allocated To Participating Securities
NetIncomeAllocatedToParticipatingSecurities
21000 usd
CY2022 sbfg Net Income Allocated To Common Shares And Participating Securities
NetIncomeAllocatedToCommonSharesAndParticipatingSecurities
12494000 usd
CY2021 sbfg Net Income Allocated To Common Shares And Participating Securities
NetIncomeAllocatedToCommonSharesAndParticipatingSecurities
18256000 usd
CY2022 sbfg Weighted Average Shares Outstanding For Basic Earnings Per Share
WeightedAverageSharesOutstandingForBasicEarningsPerShare
7005000 shares
CY2021 sbfg Weighted Average Shares Outstanding For Basic Earnings Per Share
WeightedAverageSharesOutstandingForBasicEarningsPerShare
7083000 shares
CY2022 sbfg Average Participating Securities
AverageParticipatingSecurities
37000 shares
CY2021 sbfg Average Participating Securities
AverageParticipatingSecurities
47000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7042000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7130000 shares
CY2022 us-gaap Earnings Per Share Basic Distributed
EarningsPerShareBasicDistributed
1.79
CY2021 us-gaap Earnings Per Share Basic Distributed
EarningsPerShareBasicDistributed
2.58
CY2022 us-gaap Earnings Per Share Diluted Distributed
EarningsPerShareDilutedDistributed
1.77
CY2021 us-gaap Earnings Per Share Diluted Distributed
EarningsPerShareDilutedDistributed
2.56
CY2022Q1 sbfg Common Stock Dividend Rate Percentage
CommonStockDividendRatePercentage
0.05 pure
CY2022Q1 us-gaap Share Price
SharePrice
19.89
CY2021 sbfg Common Stock Dividend Rate Percentage
CommonStockDividendRatePercentage
0.05 pure
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
345000 shares
CY2021 sbfg Earnings Per Shares Diluted
EarningsPerSharesDiluted
0.11
CY2022Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
279439000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
14000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
40673000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
238780000 usd
CY2021Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
265595000 usd
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
1287000 usd
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
3623000 usd
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
263259000 usd
CY2022Q4 us-gaap Deposits Wholesale
DepositsWholesale
53900000 usd
CY2021Q4 us-gaap Deposits Wholesale
DepositsWholesale
54200000 usd
CY2022Q4 us-gaap Securities For Reverse Repurchase Agreements
SecuritiesForReverseRepurchaseAgreements
17800000 usd
CY2021Q4 us-gaap Securities For Reverse Repurchase Agreements
SecuritiesForReverseRepurchaseAgreements
23600000 usd
CY2022Q4 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
235500000 usd
CY2021Q4 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
214200000 usd
CY2022Q4 sbfg Available For Sale Securities Investment Percentage
AvailableForSaleSecuritiesInvestmentPercentage
0.99 pure
CY2021Q4 sbfg Available For Sale Securities Investment Percentage
AvailableForSaleSecuritiesInvestmentPercentage
0.81 pure
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
75615000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
8792000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
159861000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
31881000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
235476000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
40673000 usd
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
195686000 usd
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
2942000 usd
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
18566000 usd
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
681000 usd
CY2021Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
214252000 usd
CY2021Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
3623000 usd
CY2022Q4 sbfg Total Unrealized Loss In The Securities Portfolio
TotalUnrealizedLossInTheSecuritiesPortfolio
37100000 usd
CY2022Q4 us-gaap Unused Commitments To Extend Credit
UnusedCommitmentsToExtendCredit
221668000 usd
CY2021Q4 us-gaap Unused Commitments To Extend Credit
UnusedCommitmentsToExtendCredit
219618000 usd
CY2022Q4 us-gaap Line Of Credit
LineOfCredit
1336000 usd
CY2021Q4 us-gaap Line Of Credit
LineOfCredit
2060000 usd
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
223004000 usd
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
221678000 usd
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
13805000 usd
CY2022 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
34000 usd
CY2022 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
47000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
13818000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
140000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
13678000 usd
CY2022Q4 sbfg Loans Receivable Allowance
LoansReceivableAllowance
13818000 usd
CY2022Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
3528000 usd
CY2022Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
958102000 usd
CY2022Q4 sbfg Loans And Leases Receivable Gross Carrying Amounts
LoansAndLeasesReceivableGrossCarryingAmounts
961630000 usd
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
12574000 usd
CY2021 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
136000 usd
CY2021 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
317000 usd
CY2021 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
1050000 usd
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
13805000 usd
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
133000 usd
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
13672000 usd
CY2021Q4 sbfg Loans Receivable Allowance
LoansReceivableAllowance
13805000 usd
CY2021Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
2914000 usd
CY2021Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
819487000 usd
CY2021Q4 sbfg Loans And Leases Receivable Gross Carrying Amounts
LoansAndLeasesReceivableGrossCarryingAmounts
822401000 usd
CY2022Q4 us-gaap Principal Amount Outstanding Of Loans Held In Portfolio
PrincipalAmountOutstandingOfLoansHeldInPortfolio
100000 usd
CY2022Q4 sbfg Loans And Leas Receivable Gross Carrying Amount
LoansAndLeasReceivableGrossCarryingAmount
961630000 usd
CY2021Q4 sbfg Loans And Leas Receivable Gross Carrying Amount
LoansAndLeasReceivableGrossCarryingAmount
822401000 usd
CY2022Q4 sbfg Financing Receivables Total Past Due
FinancingReceivablesTotalPastDue
2556000 usd
CY2022Q4 sbfg Financing Receivables Current
FinancingReceivablesCurrent
959074000 usd
CY2022Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
961630000 usd
CY2021Q4 sbfg Financing Receivables Total Past Due
FinancingReceivablesTotalPastDue
3844000 usd
CY2021Q4 sbfg Financing Receivables Current
FinancingReceivablesCurrent
818557000 usd
CY2021Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
822401000 usd
CY2022 sbfg Homogenous Loans
homogenousLoans
100000 usd
CY2022Q4 sbfg Number Of Loans
NumberOfLoans
2 pure
CY2022 sbfg Pre Modification Recorded Balance
PreModificationRecordedBalance
42000 usd
CY2022 sbfg Post Modification Recorded Balance
PostModificationRecordedBalance
42000 usd
CY2022 sbfg Combination
Combination
42000 usd
CY2022 sbfg Total Modification
TotalModification
42000 usd
CY2022 us-gaap Stockholders Equity Other Shares
StockholdersEquityOtherShares
1100 shares
CY2022Q4 us-gaap Loans Payable
LoansPayable
111400000 usd
CY2022 us-gaap Interest And Fee Income Other Loans
InterestAndFeeIncomeOtherLoans
4900000 usd
CY2022 us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
100000 usd
CY2021 us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
3400000 usd
CY2021Q4 us-gaap Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
521000 usd
CY2020Q4 us-gaap Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
1164000 usd
CY2022 sbfg Effect Of Change In Compostioin Of Directors And Executive Officers
EffectOfChangeInCompostioinOfDirectorsAndExecutiveOfficers
112000 usd
CY2022 us-gaap Repayments Of Longterm Loans From Vendors
RepaymentsOfLongtermLoansFromVendors
53000 usd
CY2021 us-gaap Repayments Of Longterm Loans From Vendors
RepaymentsOfLongtermLoansFromVendors
46000 usd
CY2022 sbfg Changes In Balances Of Revolving Lines Of Credit
ChangesInBalancesOfRevolvingLinesOfCredit
59000 usd
CY2021 sbfg Changes In Balances Of Revolving Lines Of Credit
ChangesInBalancesOfRevolvingLinesOfCredit
597000 usd
CY2022Q4 us-gaap Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
521000 usd
CY2021Q4 us-gaap Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
521000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
46456000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
45077000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
23627000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
21865000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
22829000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
23212000 usd
CY2022 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
23200000 usd
CY2021 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
23200000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
23191000 usd
CY2020Q4 us-gaap Goodwill
Goodwill
22091000 usd
CY2021 sbfg Acquired Goodwill
AcquiredGoodwill
1100000 usd
CY2022 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
48000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
23239000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
23191000 usd
CY2022 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
70000.00 usd
CY2021 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
70000.00 usd
CY2022 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P5Y
CY2022Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
1400000000 usd
CY2021Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
1400000000 usd
CY2022 us-gaap Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
3200000 usd
CY2021 us-gaap Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
3100000 usd
CY2021Q4 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
12034000 usd
CY2020Q4 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
7759000 usd
CY2022 sbfg Capitalized Mortgage Servicing Rights Msrs
CapitalizedMortgageServicingRightsMsrs
1939000 usd
CY2021 sbfg Capitalized Mortgage Servicing Rights Msrs
CapitalizedMortgageServicingRightsMsrs
4724000 usd
CY2022 sbfg Amortizations Of Mortgage Servicing Rights Ms Rs
AmortizationsOfMortgageServicingRightsMSRs
-1749000 usd
CY2021 sbfg Amortizations Of Mortgage Servicing Rights Ms Rs
AmortizationsOfMortgageServicingRightsMSRs
-3885000 usd
CY2022 us-gaap Valuation Allowance For Impairment Of Recognized Servicing Assets Period Increase Decrease
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsPeriodIncreaseDecrease
1279000 usd
CY2021 us-gaap Valuation Allowance For Impairment Of Recognized Servicing Assets Period Increase Decrease
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsPeriodIncreaseDecrease
3436000 usd
CY2022Q4 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
13503000 usd
CY2021Q4 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
12034000 usd
CY2021Q4 us-gaap Valuation Allowance For Impairment Of Recognized Servicing Assets Balance
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsBalance
1456000 usd
CY2020Q4 us-gaap Valuation Allowance For Impairment Of Recognized Servicing Assets Balance
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsBalance
4892000 usd
CY2022 sbfg Increasedecrease Valuation Allowance
IncreasedecreaseValuationAllowance
-1279000 usd
CY2021 sbfg Increasedecrease Valuation Allowance
IncreasedecreaseValuationAllowance
-3436000 usd
CY2022Q4 us-gaap Valuation Allowance For Impairment Of Recognized Servicing Assets Balance
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsBalance
177000 usd
CY2021Q4 us-gaap Valuation Allowance For Impairment Of Recognized Servicing Assets Balance
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsBalance
1456000 usd
CY2021Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
12629000 usd
CY2020Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
7759000 usd
CY2022Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
15754000 usd
CY2021Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
12629000 usd
CY2022 sbfg Restricted Stock Vesting
RestrictedStockVesting
usd
CY2022Q4 us-gaap Derivative Asset Notional Amount
DerivativeAssetNotionalAmount
71977000 usd
CY2022 sbfg Derivative Instruments Not Designated As Hedging Instruments Asset Fair Value
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetFairValue
5564000 usd
CY2021Q4 us-gaap Derivative Asset Notional Amount
DerivativeAssetNotionalAmount
106124000 usd
CY2021 sbfg Derivative Instruments Not Designated As Hedging Instruments Asset Fair Value
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetFairValue
3677000 usd
CY2022Q4 us-gaap Derivative Liability Notional Amount
DerivativeLiabilityNotionalAmount
69745000 usd
CY2022Q4 sbfg Derivative Instruments Liability Derivatives Fair Value
DerivativeInstrumentsLiabilityDerivativesFairValue
-5558000 usd
CY2021Q4 us-gaap Derivative Liability Notional Amount
DerivativeLiabilityNotionalAmount
109733000 usd
CY2021Q4 sbfg Derivative Instruments Liability Derivatives Fair Value
DerivativeInstrumentsLiabilityDerivativesFairValue
-3687000 usd
CY2022Q4 us-gaap Interest Bearing Domestic Deposit Time Deposits
InterestBearingDomesticDepositTimeDeposits
250000 usd
CY2022 us-gaap Interest Expense Time Deposits100000 Or More
InterestExpenseTimeDeposits100000OrMore
23400000 usd
CY2021 us-gaap Interest Expense Time Deposits100000 Or More
InterestExpenseTimeDeposits100000OrMore
13800000 usd
CY2022Q4 us-gaap Certificates Of Deposit At Carrying Value
CertificatesOfDepositAtCarryingValue
7000000 usd
CY2022Q4 us-gaap Time Deposit Maturities Year Two
TimeDepositMaturitiesYearTwo
123829000 usd
CY2022Q4 us-gaap Time Deposit Maturities Year Three
TimeDepositMaturitiesYearThree
23877000 usd
CY2022Q4 us-gaap Time Deposit Maturities Year Four
TimeDepositMaturitiesYearFour
37276000 usd
CY2022Q4 us-gaap Time Deposit Maturities Year Five
TimeDepositMaturitiesYearFive
3438000 usd
CY2022Q4 us-gaap Time Deposit Maturities After Year Five
TimeDepositMaturitiesAfterYearFive
2278000 usd
CY2022Q4 us-gaap Time Deposits Noncurrent
TimeDepositsNoncurrent
182000 usd
CY2022Q4 sbfg Time Deposits Total
TimeDepositsTotal
190880000 usd
CY2022Q4 us-gaap Interest Bearing Domestic Deposit Certificates Of Deposits
InterestBearingDomesticDepositCertificatesOfDeposits
58000000 usd
CY2021Q4 us-gaap Interest Bearing Domestic Deposit Certificates Of Deposits
InterestBearingDomesticDepositCertificatesOfDeposits
55600000 usd
CY2022Q4 sbfg Cash Fdic Insure Amount
CashFDICInsureAmount
250000 usd
CY2022Q4 sbfg Cdars Program
CDARSProgram
250000 usd
CY2022Q4 sbfg State Bank Program
StateBankProgram
250000 usd
CY2022Q4 us-gaap Deposits Received For Securities Loaned At Carrying Value
DepositsReceivedForSecuritiesLoanedAtCarryingValue
7000000 usd
CY2021Q4 us-gaap Deposits Received For Securities Loaned At Carrying Value
DepositsReceivedForSecuritiesLoanedAtCarryingValue
3900000 usd
CY2022Q4 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
14923000 usd
CY2021Q4 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
15320000 usd
CY2022 sbfg Securities Sold Under Agreement To Repurchase
SecuritiesSoldUnderAgreementToRepurchase
5400000 usd
CY2021 sbfg Securities Sold Under Agreement To Repurchase
SecuritiesSoldUnderAgreementToRepurchase
8400000 usd
CY2022Q4 us-gaap Mortgage Backed Securities Held To Maturity Fair Value Disclosure
MortgageBackedSecuritiesHeldToMaturityFairValueDisclosure
12400000 usd
CY2021Q4 us-gaap Mortgage Backed Securities Held To Maturity Fair Value Disclosure
MortgageBackedSecuritiesHeldToMaturityFairValueDisclosure
15200000 usd
CY2022Q4 us-gaap Other Short Term Borrowings
OtherShortTermBorrowings
14900000 usd
CY2022 us-gaap Shortterm Debt Maximum Amount Outstanding During Period
ShorttermDebtMaximumAmountOutstandingDuringPeriod
20300000 usd
CY2021 us-gaap Shortterm Debt Maximum Amount Outstanding During Period
ShorttermDebtMaximumAmountOutstandingDuringPeriod
22800000 usd
CY2022Q4 us-gaap Federal Funds Purchased
FederalFundsPurchased
56000000 usd
CY2021Q4 us-gaap Federal Funds Purchased
FederalFundsPurchased
41000000 usd
CY2022Q4 us-gaap Secured Debt
SecuredDebt
206000000 usd
CY2022Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Due From Two To Three Years Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueFromTwoToThreeYearsOfBalanceSheetDate
60000000 usd
CY2022Q4 sbfg Fhlb Advances Total
FHLBAdvancesTotal
60000000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2795000 usd
CY2005Q3 sbfg Trust Preferred Securities Description
TrustPreferredSecuritiesDescription
On September 15, 2005, RST II, a wholly-owned subsidiary of the Company, closed a pooled private offering of 10,000 Capital Securities with a liquidation amount of $1,000 per security. The proceeds of the offering were loaned to the Company in exchange for junior subordinated debentures with terms similar to the Capital Securities. Distributions on the Capital Securities are payable quarterly at a variable rate that is currently based upon the 3-month LIBOR plus 1.80 percent and are included in interest expense in the consolidated financial statements. The issuers of these securities have proposed Secured Overnight Financing Rate (“SOFR”) as a replacement rate for the LIBOR-based interest rate and will amend the documents governing the securities prior to LIBOR cessation. These securities may be included in Tier 1 capital and may be prepaid at any time without penalty (with certain limitations applicable) under current regulatory guidelines and interpretations.
CY2022 sbfg Capital Securities
CapitalSecurities
10300000 usd
CY2021 sbfg Capital Securities
CapitalSecurities
10300000 usd
CY2022 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2035-09-15
CY2021Q2 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
20000000 usd
CY2021Q2 sbfg Floating Rate Percentage
FloatingRatePercentage
0.0365 pure
CY2021Q2 us-gaap Debt Instrument Description
DebtInstrumentDescription
The Notes mature on June 1, 2031 and bear interest at a fixed rate of 3.65% through May 31, 2026. From June 1, 2026 to the maturity date or earlier redemption of the Notes, the interest rate will reset quarterly to an interest rate per annum, equal to the then-current-three-month Secured Overnight Financing Rate (“SOFR”) provided by the Federal Reserve Bank of New York plus 296 basis points. The Company may redeem the Notes at any time after May 31, 2026, and at any time in whole, but not in part, upon the occurrence of certain events. Any redemption of the Notes will be subject to prior regulatory approval.
CY2021Q2 us-gaap Other Expenses
OtherExpenses
500000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
86000 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2144000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
2709000 usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
2302000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4446000 usd
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
3216000 usd
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
4772000 usd
CY2022 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
111000 usd
CY2021 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
85000 usd
CY2022 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
106000 usd
CY2021 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
60000 usd
CY2022Q4 us-gaap Bank Owned Life Insurance
BankOwnedLifeInsurance
199000 usd
CY2021Q4 us-gaap Bank Owned Life Insurance
BankOwnedLifeInsurance
183000 usd
CY2022 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-5000 usd
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
2000 usd
CY2022 sbfg Income Tax Expense Benefits
IncomeTaxExpenseBenefits
2795000 usd
CY2021 sbfg Income Tax Expense Benefits
IncomeTaxExpenseBenefits
4446000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses
2902000 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses
2899000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Unrealized Gains On Trading Securities
DeferredTaxLiabilitiesUnrealizedGainsOnTradingSecurities
8538000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Unrealized Gains On Trading Securities
DeferredTaxLiabilitiesUnrealizedGainsOnTradingSecurities
491000 usd
CY2022Q4 us-gaap Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
117000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
142000 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
281000 usd
CY2022Q4 sbfg Deferred Tax Assets Net Deferred Loan Fees
DeferredTaxAssetsNetDeferredLoanFees
5410000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Other
DeferredTaxAssetsTaxDeferredExpenseOther
854000 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Other
DeferredTaxAssetsTaxDeferredExpenseOther
703000 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
17963000 usd
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
4374000 usd
CY2022Q4 sbfg Deferred Tax Liabilities Depreciation
DeferredTaxLiabilitiesDepreciation
1117000 usd
CY2021Q4 sbfg Deferred Tax Liabilities Depreciation
DeferredTaxLiabilitiesDepreciation
1242000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Mortgage Servicing Rights
DeferredTaxLiabilitiesMortgageServicingRights
2836000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Mortgage Servicing Rights
DeferredTaxLiabilitiesMortgageServicingRights
2546000 usd
CY2022Q4 sbfg Deferred Tax Liabilities Purchase Accounting Adjustments
DeferredTaxLiabilitiesPurchaseAccountingAdjustments
1598000 usd
CY2021 sbfg Restricted Stock Vesting
RestrictedStockVesting
usd
CY2022 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
usd
CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
100000 usd
CY2021Q4 sbfg Deferred Tax Liabilities Purchase Accounting Adjustments
DeferredTaxLiabilitiesPurchaseAccountingAdjustments
1619000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
527000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
477000 usd
CY2022Q4 sbfg Deferred Tax Liabilities Net Deferred Loan Costs
DeferredTaxLiabilitiesNetDeferredLoanCosts
93000 usd
CY2021Q4 sbfg Deferred Tax Liabilities Net Deferred Loan Costs
DeferredTaxLiabilitiesNetDeferredLoanCosts
66000 usd
CY2022Q4 sbfg Deferred Tax Liabilities Section
DeferredTaxLiabilitiesSection
8538000 usd
CY2021Q4 sbfg Deferred Tax Liabilities Section
DeferredTaxLiabilitiesSection
491000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
-271000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
-288000 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
14980000 usd
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
6729000 usd
CY2022 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-2983000 usd
CY2021 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
2355000 usd
CY2022 sbfg Capital Conservation Percentage
CapitalConservationPercentage
0.025 pure
CY2022 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
1 pure
CY2022 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.04 pure
CY2022 us-gaap Description Of Defined Contribution Pension And Other Postretirement Plans
DescriptionOfDefinedContributionPensionAndOtherPostretirementPlans
Any discretionary contribution made by the Company is fully vested after three years of credited service.
CY2022 us-gaap Defined Contribution Plan Administrative Expenses
DefinedContributionPlanAdministrativeExpenses
700000 usd
CY2021 us-gaap Defined Contribution Plan Administrative Expenses
DefinedContributionPlanAdministrativeExpenses
700000 usd
CY2022 sbfg Description Of Supplemental Executive Retirement Plan Agreemen
DescriptionOfSupplementalExecutiveRetirementPlanAgreemen
The agreements provide monthly payments for up to 15 years that equal 15 percent to 25 percent of average compensation prior to retirement or death.
CY2022 us-gaap Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
200000 usd
CY2021 us-gaap Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
300000 usd
CY2021Q2 us-gaap Deferred Purchased Power Costs
DeferredPurchasedPowerCosts
10500000 usd
CY2022Q4 us-gaap Cash Surrender Value Of Life Insurance
CashSurrenderValueOfLifeInsurance
28900000 usd
CY2021Q4 us-gaap Cash Surrender Value Of Life Insurance
CashSurrenderValueOfLifeInsurance
17900000 usd
CY2022Q4 us-gaap Employee Stock Ownership Plan Esop Number Of Allocated Shares
EmployeeStockOwnershipPlanESOPNumberOfAllocatedShares
370876 shares
CY2021Q4 us-gaap Employee Stock Ownership Plan Esop Number Of Allocated Shares
EmployeeStockOwnershipPlanESOPNumberOfAllocatedShares
380450 shares
CY2021 us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
usd
CY2022 sbfg Charges To Expense For Serp Agreement
ChargesToExpenseForSerpAgreement
0 usd
CY2021 sbfg Charges To Expense For Serp Agreement
ChargesToExpenseForSerpAgreement
500000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P4Y
CY2022 sbfg Cash Paid In Acquisition
CashPaidInAcquisition
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CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
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CY2022 sbfg Fair Value Of Asset Acquired
FairValueOfAssetAcquired
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CY2021Q4 sbfg Loans Net Of Allowance For Loan Losses Fairvalue
LoansNetOfAllowanceForLoanLossesFairvalue
808909000 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
52919 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
19.23
CY2021Q4 sbfg Assets Fair Value Disclosures
AssetsFairValueDisclosures
22000 usd
CY2020Q4 sbfg Assets Fair Value Disclosures
AssetsFairValueDisclosures
278000 usd
CY2022 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet
-42000 usd
CY2021 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet
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CY2022Q4 sbfg Assets Fair Value Disclosures
AssetsFairValueDisclosures
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CY2021Q4 sbfg Assets Fair Value Disclosures
AssetsFairValueDisclosures
22000 usd
CY2022Q4 us-gaap Percentage Of Debt Hedged By Interest Rate Derivatives
PercentageOfDebtHedgedByInterestRateDerivatives
0.0342 pure
CY2022 us-gaap Derivative Average Remaining Maturity1
DerivativeAverageRemainingMaturity1
P90D
CY2022Q4 us-gaap Cash And Due From Banks
CashAndDueFromBanks
27817000 usd
CY2022Q4 us-gaap Deposits Assets Current
DepositsAssetsCurrent
2131000 usd
CY2022Q4 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
2073000 usd
CY2022Q4 sbfg Loans Net Of Allowance For Loan Losses Fairvalue
LoansNetOfAllowanceForLoanLossesFairvalue
948257000 usd
CY2022Q4 us-gaap Federal Home Loan Bank Stock And Federal Reserve Bank Stock
FederalHomeLoanBankStockAndFederalReserveBankStock
6326000 usd
CY2022Q4 us-gaap Interest Receivable
InterestReceivable
4091000 usd
CY2022Q4 us-gaap Deposits
Deposits
1086665000 usd
CY2022Q4 us-gaap Other Short Term Borrowings
OtherShortTermBorrowings
14923000 usd
CY2022Q4 us-gaap Federal Home Loan Bank Advances Long Term
FederalHomeLoanBankAdvancesLongTerm
60000000 usd
CY2022Q4 us-gaap Other Long Term Debt
OtherLongTermDebt
10310000 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
19594000 usd
CY2022Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
769000 usd
CY2021Q4 us-gaap Cash And Due From Banks
CashAndDueFromBanks
149511000 usd
CY2021Q4 us-gaap Deposits Assets Current
DepositsAssetsCurrent
2643000 usd
CY2021Q4 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
7472000 usd
CY2021 us-gaap Stock Issued1
StockIssued1
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CY2022 us-gaap Interest Expense Debt
InterestExpenseDebt
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CY2021Q4 us-gaap Federal Home Loan Bank Stock And Federal Reserve Bank Stock
FederalHomeLoanBankStockAndFederalReserveBankStock
5303000 usd
CY2021Q4 us-gaap Interest Receivable
InterestReceivable
2920000 usd
CY2021Q4 us-gaap Deposits
Deposits
1113045000 usd
CY2021Q4 us-gaap Other Short Term Borrowings
OtherShortTermBorrowings
15320000 usd
CY2021Q4 us-gaap Federal Home Loan Bank Advances Long Term
FederalHomeLoanBankAdvancesLongTerm
5500000 usd
CY2021Q4 us-gaap Other Long Term Debt
OtherLongTermDebt
10310000 usd
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
19546000 usd
CY2021Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
299000 usd
CY2022 dei Auditor Name
AuditorName
FORVIS, LLP
CY2022 dei Auditor Location
AuditorLocation
Indianapolis
CY2022 sbfg Modifications Term Amount
ModificationsTermAmount
usd
CY2021 sbfg Effect Of Change In Compostioin Of Directors And Executive Officers
EffectOfChangeInCompostioinOfDirectorsAndExecutiveOfficers
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CY2022 us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
usd
CY2021 us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
usd
CY2022 sbfg Acquired Goodwill
AcquiredGoodwill
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CY2021 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
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CY2021Q4 us-gaap Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
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CY2021Q4 sbfg Deferred Tax Assets Net Deferred Loan Fees
DeferredTaxAssetsNetDeferredLoanFees
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CY2022 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
usd
CY2021 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
usd
CY2022 dei Amendment Flag
AmendmentFlag
false
CY2022 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2022 dei Entity Central Index Key
EntityCentralIndexKey
0000767405

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