SBFG - Earnings call transcript Q4 2021 | SB Financial Group, Inc.

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Operator

Good morning, everyone. And welcome to the SB Financial Fourth Quarter 2021 Conference Call and Webcast. I would like to inform you that this conference call is being recorded and that all participants are in a listen-only mode.

We will begin with remarks from management and then open the conference up to the investment community for questions-and-answers. [Operator Instructions] At this time, I'd like to turn the floor over to Sarah Mekus with SB Financial. ahead. go please Ma'am,

Sarah Mekus

at I is to the being archived our will everyone. this Internet you conference be website on available call broadcast and would morning, remind like that and ir.yourstatebank.com. Good live over

Joining Officer. Tony and Chief CEO; President operational Cosentino, performance, may call and are contain me Chief regarding Financial results Lending anticipated SB Mark Financial’s today Walz, Chairman, and Klein, Steve This Officer; forward-looking objectives. statements plans,

number and statements materially and of based implied a management’s today. subject Forward-looking actual from differ call or risks expectations that to are cause are expressed could on uncertainties our to on results those

have We the Financial date obligation required to our number of earnings after within factors release, statement by update which law any undertakes the no forward-looking encouraged different except SB forward-looking identified you as of at review. end a statements call. the are this of to

in also the A GAAP, GAAP our addition to results with is included turn I this to earnings measures. Klein. Mr. financial over accordance non-GAAP in release. will presented will call reconciliation non-GAAP certain measures now financial the call to In of contain

Mark Klein

with course, clients for and everyone. flush fantastic State of helped another and Nice declines you, conference year is income and clients, way XXXX us economy, our that company. our kept volume our to great and performance for with call you our drove liquidity industry, our We environment Discussing Thank the to our forgiveness up PPP fourth wrap million mortgage the Bank. that Sarah, acknowledge have quarter to that and our Welcome rate in net record morning, good you with us. $XX.X webcast. including certainly a

stepped clients this team to environment. in entire navigating our up Our challenging assist

we organization, staff As XX% site. operational our remain with on of an fully

The was compass. up reduction eager to ever put, up million integrated and declining a quarter; by of to quarter XX hybrid we assets million We platform single get effects XX% just length for and of loans loan down points year-over-year growth growth be digits. million $X.XX% a from distracted assets or a of and in been here estate excluding residential year-over-year of Net a real Loan pretax share including challenges. business was book is embrace ROAA offset year-over-year. provision those business. the Mortgage of Simply $XXX origination expense And forgiveness. balances basis business technology interest Key just doing to XX% of now to value metrics And and possible PPP were than our at $X.X $XX.X nonperforming average more return predominantly $XX.XX PPP of model were highly income $X.XX quality are at from quarter or in by flexibility operational the a X% basis expense XX and income operational line. has the continue We made refuse for on year the to $X.X pre yielding X.XX%. back with down as the Highlights prior X.X% a net increase organic points. asset volume tangible year-over-year. per the finally or million from current X.X%. prior by prior limited year X.X%. Deposits million interest we $XX

products on year on to words we other growth quality and and M&A, five revenue, expanding were maintaining diversifying worked care and diversity, and down As volume quarter volume growing communications. asset in that prior at services from strong more or hard with mortgage Revenue this scope, gains XX% technology And and deploying loan maintain. customized call gains. strategic remain finally, XX% prudent sales the our scale the prior when quarters, initiatives and organic more for key through

year-over-year. million million $XXX nearly down $XX delivered have we XXXX, total origination For in mortgage

this to volume first our closed one the quarter $XX supported PCG XXXX, of product in million announced Our for we by the nearly rates newer that fixed continues product we XX year. be

new with team $XXX,XXX of total Noninterest decreased with XXXX. Our million compared these quarter revenue $X.X households at of revenue, to $XXX,XXX to more touches. with linked of to a average to of and one assets. develop to of we prior the an also consecutive The fourth relationships to million X% current seventh $X.X the of quarter $XXX,XXX approximately servicing managed income quarter. Noninterest was private bankers deliver for planned XX% one. deeper remains quarter. of Title from contributed year each operating in strong includes Even impairment as over in these income headwinds, the of leverage the flat recapture quarter and mortgage Peak

For the our income, contributed X.X the net to and noninterest $million $XXX,XXX nearly year, insurance business Title our income. to

mentioned complement operation. we into I last As quarter, to leverage intend this core our deeper

established Ohio and a we presence of also purchase the market Title office market, Title in the in Northwest Agency quarter, a Indiana This Northeast Bryan, Indianapolis where our expanded small in Ohio. with the we

and to We Title Bank expect particularly in enhance clients. Company our entire our to these State expansions footprint, more our our extends line business fee based as grow title services

under management to wealth of $XXX and management enabled at solid retention have expansion team's of base us amass a market level of million. year record Our client assets end

for assets or nearly is $X prior year while XX% under a up quarter. providing management revenue in million million, quarter from the $XX are This the

the or of year For that's $X.X is full been XX%. up $XXX,XXX million, revenues nearly which finite

of Loan this the excess two in after Second, quarter more in slowed bit growth grown quarters. scale. having prior $XX million a

we $XX.X outstanding our Net balance than PPP, XX We continue million. and was loans less our our in Williams $X the an slowed of engaged deposit Local the are staff that still levels some year-over-year to and liquidity and of now ended years. million County growth very PPP success. our to forgiveness Edgerton, the see presence And leadership balance $XX million. up with initiate was or each of growth and past process a a loans two of $XXX complimented just expansion deposits newest is still projects. total year seen than strong, nearly that X.X%. Deposit of boost the with had that less and PPP has driving them exceed or of Ohio, organic we're loan quarter office operation year This of liquidity in throughout million. to beginning Custom pace while use

component into We return to out excess expect to us a this plans, their also growth allowing us to be yielding normalcy and key our bank's loans. a seek liquidity higher deploy clients for as financing

scope. more is Third

required top As SBA we our of of year, becoming this temporarily to discussed quarters PPP vision number of lender. a a execution helping have government's access of initiative us decelerate for customers longer-term

net line of production both the originated complete, the both XA for calling year This by these business past have essentially entire will would we over our year remains key exceeding reaffirmed believe SBA gains fit grow to our inter to loan of Without and consecutive and lender our internal to traditional our sheet that stand. with loans. sale and fourth profile. PPP We sides the in million balance the balance phases XX% our SBA effort interdependencies uncover care or $XXX represented to rewards sheet We able we client bolster intend model, smaller Now excellence of income, footprint. will nicely yet great fourth larger projects guaranteed risk and close loans not $XX five of been partnerships, boost years. our that commitment Operational lending across retain a into number government have referrals interest million. these

accelerated. construction mix; continue lending quarter estate real We shift production in a our this see to purchasing our residential

XX% volume Our activity. represented of our total

X.X% client programs liquidity our large nonperforming and did single back leverage just are quarters, to year For take remain in a another annual our year, an into that and build finally, low agreement did and And contact sell rates of our on Expenses talent from refinances, have the of originated both We asset digit with property. activity to at base. Total buying years. our have slightly a two XX% government retain the to of in purchase kept spending for recruit in growth numerous brand a past from expenses increased year length customers. external the quality, total volume XXXX. in establishment to technology lower. certainly both first grew great new to markets. and of levels true full this quarter OREO the intimate currently expense operating throughout costs million strong These this testament which that construction we credit each of revenue our top represented we have and of the below client drive growth our the is due the higher footprint The the compared $X.X will XX% year. place XX% and across we of And X% from ago higher center

also the strong past us to a enabled to reserve has Our continue for level. build performance years two healthy

annual total would a year-over-year nor to have to reserves worked for neither and provide ask past performance. of release increase to finally, X.XX% assets XX%. and to only to expect hard loan we up of we've release now total quarterly build have And And soon. years to like to several anytime our to I reserve details assets few Tony certainly X.XX%. declined the our more Now Nonperforming

Tony Cosentino

indicated we XX% in strong Wealth in reduce the deposit were or by declined And result net morning, for $X.XX XX% forgiveness fees $XX.X And Mark or despite down valuation Highlights again mortgage $X.X and as for $XXX,XXX share. XX.X% is continue XX.X% at and or $X.XX down up XX%. down $X.X Thanks million $X.X PPP the and million. Good gains of GAAP interest full swing share. of liabilities. year we offset had were per Again mortgage by to year management expense income quarter revenue respectively. bearing interest which This for million Mark. operating was million include a That as servicing was $X everyone. revenue per $X.XX total increase the XX.X% costs million. quarter or factor

for as Now quarter. points further be basis of points loan were income and points by these XX decreased start respectively. prior basis If of break quarter basis statement, declines we Average XX margin. XX fourth impact the yield we PPP the late XX the down year, exclude X.XX% down would quarter in with the in our

$XXX,XXX at We remaining fees PPP in amortized end. have year just

This to points fourth margin to GAAP was rate basis funding result again from bearing of full our Mortgage prior we the an PPP and X.XX% revenue quarter. to the our And points million bearing the X.XX%. compared reduced On year. PPP the basis XX% year basis year been of the four on the by the interest prior interest was XX down points Again, years, fees are liabilities basis of from NIM XX the year. basis for exclude as cost points linked for down by the quarter NIM XX quarter impact liabilities we down additional the both which would our from of or XX has points $X.X side, X.XX%. a published from decline our reduced banking $X.X of for million when prior

trended length, have down peak from sales of mortgage As this gain since the yields quarter year. gain we the X% yields quarter The down sale sale have in fourth we the each XXXX. quarter realized X.XX% for mortgage quarter discussed on fourth their on last in in was

sold In volume. the we yields, $XX addition to in million lower less

This was portion does calculated rights the the revenue as right XX prior quarter XX of Market linked impairment points. basis up in mortgage and quarter is quarter. quarter points a we servicing basis billion to in nine $XXX,XXX. our fair expected, fair points now Our and a And the and grow of servicing provided our increased portfolio $XXX,XXX. to basis of year $X.XX servicing recovered from of this at of value however up value value the for continue

replaced all positive swing had servicing This prior on compared sale million declined of of and $X For gain revenue XXXX. the swing of XX% year. the $X to million we from XXXX, a rights recapture

year is was outlined, items growth we from quarter years, in and respectively. of the core normalize Mark expense reflective And As X.X% growth both and and our expense non X.X%, people. for if the investments full technology in

at at stood million, XX of assets Now sheet; company. if was which the we total loans to December outstanding turn balance XX% $XXX of

investment the or Asset this up supplement which $XXX growth to loan million reallocated year, to now growth we have balances cash XX% rate. portfolio

liquidity credit our mindful have excellent as growth does conservative We that good maintaining of growth. flow accelerate, to approach of a portfolios loan we and for investment however, cash we're rating. fund When will plenty are

XX,XXX ratio our repurchased Looking shares the shares We at of in all is year, XXXX XX at stands $XX.XX. our and our our an million the cash which or $XXX approximately past Of the shareholders little XX.X%. repurchased price at X.X% $X to prior buyback million have and $XX.X capital we asset quarter earnings XXX,XXX up to position, we equity average from million the year, finished and nearly of December for this million a returned in of via we $XX.X over at dividends. quarter

as call was story recoveries to XXXX quality back to Mark. just $X,XXX. were charge-offs number I the year we now again to great increase positive had net This charge-offs $XXX,XXX full the a compares Asset reserve. of for full $XXX,XXX. over nearly of or And net of will net year turn the $XXX,XXX for quarter in our the

Mark Klein

share normal we granted per month cash including XX. Thank dividend you, to to two Tony. to X% January of and February of owners conclude record, our I dividend made this announcements the of granted $X.XXX with record want acknowledging dividend stock owners the quarterly and the XX,

been as we improved these manner. both to our have capital with by reaction pleased market's reward returning announcements the of continue shareholders We to in

to turn questions comments. Now, Sarah, we'll it for you and back

Sarah Mekus

Thank you.

Let our for me first ready question.

Operator

[Operator comes Instructions] first today And from Montgomery Evan Scott. from Janney our Lisle question

EvanLisle

Hey, just some so mortgage guys color product. begin Yes, and I'm to you PCG on nice on; Brian this mortgage is on your morning. guys, Evan Martin. good Lisle gave with,

helpful. outlook on mortgage Just on margin be sale for production would any also the of and and very update that 'XX just gain

MarkKlein

certainly balance Yes, that with Those to with it of touches. XXXX mentioned We hard income curve; was sheet PCG clients with in the We're we first continue high We're we're a we plus Indianapolis, four those tick as and in mild albeit niche. like us a high flat product. build Evan, like up three, some regard individuals, bankers with have clients with in of going are identify to progressively now here $XX at a well up a and found PCG marginally to We we opportunities generally are to working clients. what and worth volume. going more identify have, are have reaching We or innovation plethora competed urban very identified in our working like a come a duration to net Ohio to to more But of million enable certainly knew like We've bit and higher certainly to five risk. it. bit. some private as certainly a product year we touches and those we markets households rate obviously, five quite who as have our staff rates more certainly will in we those this all, yield have Columbus marginally services Toledo. the bankers out Northwest,

seek of be base margin it for we and well that And and risk We prospects our clients that it continue and client plays like the So to on into the model our to profile Tony help. good. piece.

TonyCosentino

to points to number the midpoint came gain we've quarter that XX compound forward. about it's We level and level on we be going get we'll XX X% to kind this we of until basis we certainly that would between for suspect we're that normalize and decline continued X.X% 'XX. pressure here of do about to volume, built probably our on a certainly We some kind shorter, that in then going believe that or same look see we the origination, 'XX. of similar market refinance a on outlook, seen yield, And color Sure. acknowledge in sale I net in as of we're certainly going under

to capacity. I we number feel is our one look with. we'll off So come we But would at that suspect $XXX continue comfortable probably million that, as again,

MarkKlein

well that but number, times, $XXX in that market a we operating off to a touched few help market just love Which and the comments just up get here, Tony's revenue, identify million the for we that continue nearly there, Yes, also the million servicing line, for volume the of million, Columbus to looking in increasing little number, we is We producers less and that Indianapolis. on volume business certainly we strong. we're proclaimed on $XXX million portfolio newer And many more number. additional like identify following $XXX number revenue we that certainly maybe in XXXX bodes keep players we like some

EvanLisle

that I you Awesome, sale high clarification on for or very was mid think gain And just Xs margin helpful. thinking on that were gain sale margin? just 'XX you said, in what about that

TonyCosentino

settle as to Yes, get it'll somewhere in X.XX come I points think basis down 'XX. X we'll And XX probably range per the we to midpoint of quarter. the probably

EvanLisle

Okay, costs. then continued rates, turning looks mentioned, a funding of the you And higher quarter, this kind Yes. reduction had like awesome. obviously, and margin you in

So, there just was be and then XQ to 'XX you can future, then fee that give in rate and rate hikes on your are the floors some will on color you thoughts any close to two maybe, hike, one helpful.

MarkKlein

-- newer have markets to by quite up. all in as nice, is rate really office well. discussed been electronics our Evan pulled this I'll Yes, of which we've the clean zero which interest are serviced community the left regional $XX really electronics. take think all this an out there monies, transactional desire we'll our for serves comment, banking one Tony before, merely insatiable time, the bank But can certainly and has And to that that us be and model, another compliment We [Indiscernible]. we million

all out for bit us probably said, Comments? invest interest haven't the can some trying figured hope that move do begin trying that pay will have the only we to because we regard it. think in liquidity as expense. dividends And positive Tony's a we to with gap to I our rates XXXX. loan to But out. So to that with bottomed we're what we it have

TonyCosentino

Yes, I concur. would

bottom suspect reduced in we've we're costs, this the most the Evan, at XX part for basis of half basis of the XX funding kind going where on are of range, think us. four quarter, kind would it the asset sensitive, to are a -- we're as to the are rates prior I be I the for we so up quarter points, points that's good the movement and is first obviously, year, average, in call we

we for lending number not on and of significant SFX portfolio, range. XXX The have because maybe couple, floors our us, first as a

again, when interest to really we the up income significant So start increases movement third side. that see on

MarkKlein

comment. just Evan, one follow-up And,

margins in when bit difficult, sheet. and a a now know, certainly a up short organic balance margin make of all up were It's help to sheet quarter we on if when some larger $XX that of we million the million ironic growth end that it setting curve, were a that's of you expansion with point for As rates the see of made for the growth. balance to $XX looking we're required setting, growth. comes like And bit increases

like we revenue diversity reported our many So we've stream like quarters, our as certainly XX% diversity certainly noninterest income. and we with for income

regardless to in So we -- the occurred. intend shape all-in-all do of all that of markets

EvanLisle

Awesome.

just are hikes year? how many thinking guys 'XX, for about you rate modeling And the so

MarkKlein

We person is I indications credits, but got all call as to in half said, less $XXX the are now on roughly above see. the probably And prime And today, everybody, than as three on and than low we it's a sorry, about of think it. X.XX that base And have later floor estimate would in primary will I we'll to probably I'm again, think sit we be year. be four half is as of that. a here more would and here think it model as or suspect we March. think got model but portfolio for reasonable two, I I which I are we I end, million,

how Treasury through little of again, going working So you as and move be a bit speak. to move. as rates the it's we're through that And FHLB on we

EvanLisle

helpful. very And you loan turn into kind thank of Awesome, then growth.

load You PPP. have guys of mentioned a ex- you guys pressure

growth? like your for your pipeline what's just Just look outlook loan and

MarkKlein

an always Officer, cleaned well to and never get Waltz we'll compensate risk. been I'll of undue amount [Indiscernible]. then But yields much fair Chief comments, first our for Steve we've Lending pretty up Yes, enough And here.

our so standards. And intend we relax don't to

for it, makes it but of continues find And we're some asset be balance to jeopardize the success most harder beginning sheet some we've lenders more our working there in to growth. variable actual the So our to deals out about quality of a grow challenge, to good markets. pipelines not had bankable a obviously, going bit

SteveWalz

I looking we frankly, quarter. building are anticipated, actually, think we into fourth and forward, Yes, pipelines first as in the seeing the activity accelerating is had more quarter here, Mark of out look

well certain is in as we're pipeline across as constrained I to optimistic the footprint bodes think markets, well, seeing our which the opposed are broadly We as to expansion months ahead. occurring

some have utilization we line growth side to Additionally, some existing client base see with there. the on opportunity

great rising, siding line and balances were about optimistic on we're year So activity costs that with balances. balances. input Ag down agro Farmers the had those an being on seeing line But -- we're portfolio our paid example. obviously a

So again, well. as it's my feeling with the existing client base

EvanLisle

Thank Yes, helpful. you. very

And you liquidity that have still the are on I so, balance access with sheet. work,

these so deposits, thinking you you how And are just about are about how I just guess growth, -- deposit modeling deposits? 'XX? Are you or in levels think on

MarkKlein

but we our growth of any very in expectations. fund when liquidity, liquidity come deposit full just to until be model have 'XX are our model where in be liquidity are a we happens anticipated, staying at one what's slower and to that, part a a is And be think when to have we want and step deposits We on and look And things to and And do obviously, the going where to that, pressure some we to feel the be capital plenty again, a figure not -- terms doing out we're going of and the continues satisfied relationship. things things. have than of client lender, feel realized we we churn. on seen seems to that next how today relationship the to good I when they for we've seem of with 'XX, they of some churn that's growth, of

TonyCosentino

the add money a up comment. And additional may we still we know we we did, we're lot on to want all PPP be but We keep, some those of would think as before, the also We of economy of a monies majority concluded to follow think to to be But just deposit. lot that native went I offing one not keep waiting of many a vast the that are effective them limp said, those that of continues of going the will here the for leverage along bit with we're in more the standing that which money. as utilization hopefully monies to of them find to have do.

some the So power away, to but money will the I go them people that and will hopefully for we sheet think discover people's using thinking make leverage generally, and that XXXX. budgeted I think of drive again growth we're some balance other of money

EvanLisle

Okay, of to expenses. nice. kind And move then That's helpful.

just a your that on guys touched particularly, You then and some color and investment, 'XX. times technology, expenses couple investment overall on just for

be I think that'd helpful.

MarkKlein

secondary those Comments, strange But IT spends. we in curve probably in we've pause certainly digesting Certainly to for this and way I we spends we've as need technology heard done what sheet, and obviously, from But talent on we're everyone, Tony? but all we comments, But, to we driven detailed additional get hopefully, a build well as because bit. sneaking continue think the everyone we us will know both is and revenue, on continue see retaining required, before, are a had. that but currently have is know side, more innovative bit yield operating talent has couple hit while here. pressure Yes, story experienced the by finding which been as as that the probably generally balance past the perspectives. to Tony expenditures I a XX But expensive the months. to better

TonyCosentino

Yes, I think eminently that's fair.

to mind think pretty expect loan We've a some done on things for taken improved management a of added of here, are, the of we've we improved the system, be perspective. backups, want the we've customer we big performance, in on bite But future. everybody, can origination never relationship front where from compete all we're that on don't to we be to the us I technology be from system, in we've to help where kind we clients as is front, us intention guys with able we've going cybersecurity which we with can, that to big best kind given shy and away clients.

So on think things we volume front but much expense more coming there. certainly not spends expense I where side compensation, bode in of volume variability, variable that a to as our we because we And teams. think become important bit support see I those it had variable more do the our also 'XX, down a mortgage only the I growth us lot think us, don't tends we've come on done will the side, for from in for end, will 'XX. of that for well same been we the do 'XX, drive all percentage anticipate like mortgage have in with was growth spend, And level

SteveWalz

to eye And been think space. on Tony, the clients. innovating digital execution a with that more I certainly But implementation say how it's be in intend focused our we we our we've to on strategic fair tactical for of horizon keep

real think the we we've technical between strategic a a it's got piece or tactical So balance piece. the and And good the mix.

EvanLisle

Thank you all Very for color. helpful. that

Next you kind of move into mentioned capital management, shares. some bought just back guys you

meaningful or in or are call dialogue Have you and that nice. how conversations, any probably fine on the you about pick it So capital, up noticed maybe thinking just M&A?

MarkKlein

piece, for of our second opportunistic we look comments organic to bit but there, come XXX of we for capital puts know a to growth out with will, constraint is and number the XX% Tony we couple going to tangible to continue be you by, the reasons. up, competitive on if puts kind targets hard Yes, know book will do again, part that on continue us

we bit are will the more growth, what five on of and want whether sure certainly those there, And is scale, it we so is out to on one which capital it all out want EPSI. and pay. to intend there. want and And do years. in prudent will but Brook] make key our accretive seek capital So a But can [Cander strategic there we very fronts, there think and disciplined prudently. our we the initiatives, to on opportunities to we our it continue that's we've that out with to or build make been more do we Tony the piece? we're are We coming again, opportunities

TonyCosentino

Yes, capital we've We've times. through timeframe. at growth, and the at organic our longer to several if capital, certainly level the think done, marketplace done looked but you over what as bolstered I only we've window significantly, we've look a not

could probably capital, that. balance sheet know have which You at look we say and today our don't excess

MarkKlein

Didn't have much. too

TonyCosentino

Didn't have much. too

I think mortgage earnings XX. think to significantly We we been but that to capital. would our business And think in we've able three that make that of utilize two a Mark get to to we reserves has do for company. that's generated able are like effective way. But our external that we into use as which capital equal to expect can we're back enough to capital we without that of plus continue sorry us, some have that's or five great, those our out dipping operators a prudent that. said, expand been we to two the And shareholders driven significant

EvanLisle

said benefit are asked was mentioned, a that point rates that What circling back And two, I rate? one but does what's Yeah, many just I just and on you NIM. basis you. thing NIM? XX to last Thank like, then the you look very remodeling the me just helpful. for how how, We just guess,

MarkKlein

for us, we itself $XXX,XXX an is, as go can believe doubles our the because, prime those question number we're annualize on on still away, floors of is they're it of pretty that to goes, to increase And XX the start we bit doing of rates I don't before that rates clients side, everywhere as kind manage 'XX And really it's that then kind of to less all now. $XXX,XXX than for increases lending each having we the are probably time best Sure, go naive and think that's they're we'd impact. of be But $XXX,XXX base see I that market. retain that. to here day the basis And not think we And we're without call to rate much enough a good in our XX, and floors in have. shape The on funding of in acknowledge going again, we think that headwind going through today. adjustments still to that a to time. are still sit asking for way every how be

SteveWalz

margins improvement wider to, think with positive have on on. get And we their I think also, today margin was Tony, decline improvements I marginal higher based. of impact will incremental Yes, a a margins variable balances can

EvanLisle

on that's to 'XX. awesome, for finished Congratulations Well, it nice me.

SarahMekus

additional waiting website are on ir.yourstatebank.com. our we for be you I'd @ remind today's questions, like accessible will while And that call

Operator

gentlemen, the am and questions. any this showing Ladies over remarks. for to team turn I at time, to no back I'd the management like additional floor closing

Mark Klein

speaking our having with morning. all care. look Virtual everyone day and We a you're our great Thank XXXX Webcast forward Hope XX. you, we'll at great joining Quarter weekend April Sarah. and to soon. talk for April XXth, and once you Take on again us First Annual Meeting Thanks. this I thank

Operator

Ladies for thank that call. you we do conference We with conclude and attending. will today's gentlemen,

You may lines. now disconnect your

Sarah Mekus	Officer, Executive Assistant, Corporate Secretary
Mark Klein	Chairman, President and Chief Executive Officer
Tony Cosentino	Executive Vice President and Chief Financial Officer
Steve Walz	Chief Lending Officer
Evan Lisle	Janney Montgomery Scott

SB Financial (SBFG) 28 Jan 222021 Q4 Earnings call transcript