BUSINESS BRIEF

State Bank parent firm reports quarterly profit

7/29/2014

DEFIANCE — SB Financial Group Inc., the parent firm of State Bank & 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.