<SEC-DOCUMENT>0001213900-18-014385.txt : 20181024
<SEC-HEADER>0001213900-18-014385.hdr.sgml : 20181024
<ACCEPTANCE-DATETIME>20181024125319
ACCESSION NUMBER:		0001213900-18-014385
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20181019
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20181024
DATE AS OF CHANGE:		20181024

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SB FINANCIAL GROUP, INC.
		CENTRAL INDEX KEY:			0000767405
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				341395608
		STATE OF INCORPORATION:			OH
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36785
		FILM NUMBER:		181136013

	BUSINESS ADDRESS:	
		STREET 1:		401 CLINTON ST
		CITY:			DEFIANCE
		STATE:			OH
		ZIP:			43512
		BUSINESS PHONE:		4197838930

	MAIL ADDRESS:	
		STREET 1:		401 CLINTON STREET
		STREET 2:		PO BOX 467
		CITY:			DEFIANCE
		STATE:			OH
		ZIP:			43512

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	RURBAN FINANCIAL CORP
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>f8k101918_sbfinancialgroup.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>
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<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 0; margin-bottom: 0"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B><BR>
<B>SECURITIES AND EXCHANGE COMMISSION</B><BR>
<B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT</B><BR>
<B>Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">Date of Report (Date of earliest event reported) <U>October
24, 2018 (October 19, 2018)</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<DIV STYLE="padding: 0pt 0pt 1pt; border-bottom: Black 1.5pt solid">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;SB FINANCIAL GROUP, INC</P>

</DIV>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact name of registrant as specified in
its charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 32%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; border-bottom: Black 1.5pt solid">Ohio</TD>
    <TD STYLE="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="width: 32%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; border-bottom: Black 1.5pt solid">0-13507</TD>
    <TD STYLE="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="width: 32%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; border-bottom: Black 1.5pt solid">34-1395608</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0">(State or other jurisdiction</P>
                                                                              <P STYLE="margin-top: 0; margin-bottom: 0">of incorporation)</P></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Commission</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">File Number)</P></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(IRS Employer</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Identification No.)</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 49%; padding-right: 5.4pt; padding-left: 5.4pt; border-bottom: Black 1.5pt solid; text-align: center">401 Clinton Street, Defiance, OH</TD>
    <TD STYLE="width: 2%; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="width: 49%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; border-bottom: Black 1.5pt solid">43512</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(Address of principal executive offices)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(Zip Code)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">Registrant&rsquo;s telephone number, including area code <U>(419)
783-8950</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<DIV STYLE="padding: 0pt 0pt 1pt; border-bottom: Black 1.5pt solid">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">Not Applicable</P>

</DIV>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Former name or former address, if changed
since last report.)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">o</FONT> Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">o</FONT> Soliciting material
pursuant to Rule 1 4a- 12 under the Exchange Act (17 CFR 240.1 4a- 12)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">o</FONT> Pre-commencement
communications pursuant to Rule 1 4d-2(b) under the Exchange Act (17 CFR 240.1 4d-2(b))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">o</FONT> Pre-commencement
communications pursuant to Rule 1 3e-4(c) under the Exchange Act (17 CFR 240.1 3e-4(c))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify">Indicate by check mark
whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&sect;230.405 of this
chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&sect;240.12b-2 of this chapter).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify">Emerging growth company&#9;<FONT STYLE="font-family: Wingdings">o</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify">If an emerging growth
company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any
new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.&#9;<FONT STYLE="font-family: Wingdings">o</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>Item 2.02. Results of Operations and Financial Condition</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt; text-align: justify">On October 19, 2018, SB Financial Group,
Inc. (the &ldquo;Company&rdquo;) hosted a conference call and webcast to discuss its financial results for the third quarter ending
September 30, 2018. A copy of the transcript for the conference call and webcast is furnished as Exhibit 99.1 and is incorporated
herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt; text-align: justify">The information in this Item 2.02, including
Exhibit 99.1 furnished herewith, is being furnished and shall not be deemed to be &ldquo;filed&rdquo; for purposes of Section 18
of the Securities Exchange Act of 1934 (the &ldquo;Exchange Act&rdquo;) or otherwise subject to the liabilities of that Section,
nor shall such information be deemed to be incorporated by reference in any registration statement or other document filed under
the Securities Act of 1933 or the Exchange Act, except as otherwise stated in such filing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>Item 9.01. Financial Statements and Exhibits</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(a) Not Applicable</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(b) Not Applicable</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(c) Not Applicable</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">(d)
Exhibits</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-top: 0; padding-right: 0; border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; padding-left: 0; width: 9%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibit
    No.</FONT></TD>
    <TD STYLE="padding: 0 0 1.5pt; font: 10pt Times New Roman, Times, Serif; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 0; padding-right: 0; border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; padding-left: 0; width: 90%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Description</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">99.1</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><A HREF="f8k101918ex99-1_sbfinancial.htm">Transcript
    of conference call and webcast conducted on October 19, 2018.</A></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">SIGNATURE</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">SB FINANCIAL
    GROUP, INC.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; width: 60%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; width: 4%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; width: 36%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Dated:&nbsp;&nbsp;October
    24, 2018</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">By:&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">/s/ Anthony V. Cosentino</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Anthony V. Cosentino</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Chief Financial Officer</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 216pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 216pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: -72pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">INDEX
TO EXHIBITS</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Current
Report on Form 8-K</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Dated
October 24, 2018</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SB
Financial Group, Inc.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: -72pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 9%; padding-top: 0; padding-right: 0; border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibit
    No.</FONT></TD>
    <TD STYLE="width: 1%; padding: 0 0 1.5pt; text-align: center; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 90%; padding-top: 0; padding-right: 0; border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; padding-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Description</FONT></TD></TR>
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    <TD STYLE="padding: 0; text-align: center; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">99.1</FONT></TD>
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    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><A HREF="f8k101918ex99-1_sbfinancial.htm">Transcript
    of conference call and webcast conducted on October 19, 2018.</A></FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B><U>Exhibit 99.1</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0">SB Financial Group</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0">Third Quarter 2018 Earnings Conference Call</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0">October 19, 2018 at 11:00 a.m. Eastern</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>CORPORATE PARTICIPANTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Melissa Martin </B><I>&ndash; Investor Relations</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Anthony Cosentino </B><I>&ndash; Chief Financial Officer</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Mark Klein </B><I>&ndash; </I>C<I>hairman, President, and
CEO</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Jon Gathman</B> <I>&ndash; Senior Lending Officer</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003399"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003399"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003399"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003399"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003399"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003399"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003399"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003399"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003399"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003399"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003399"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003399"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>PRESENTATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Operator</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Good morning, everyone, and welcome to
the SB Financial Group&rsquo;s Third Quarter 2018 Earnings Conference Call. All participants will be in a listen-only mode. Should
you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today&rsquo;s presentation,
there will be an opportunity to ask questions. To ask a question, you may press star and then one. To withdraw your question, you
may press star and two. Please also note today&rsquo;s event is being recorded.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">At this time, I would like to turn the
conference call over to Ms. Melissa Martin, Investor Relations. Ma&rsquo;am, please go ahead.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Melissa Martin</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Good morning, everyone. I would like to
remind you that this call is being broadcast live over the internet and will be archived and available on our website at www.yoursbfinancial.com
under Investor Relations. Joining me today are Mark Klein, Chairman, President, and CEO; Tony Cosentino, Chief Financial Officer;
and Jon Gathman, Senior Lending Officer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This call may contain forward-looking statements
regarding SB Financial&rsquo;s performance, anticipated plans, operational results and objectives. Forward-looking statements are
based on management&rsquo;s expectations and are subject to a number of risks and uncertainties that could cause actual results
to differ materially from those expressed or implied on our call today.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We have identified a number of different
factors within the forward-looking statements at the end of our earnings release, which you are encouraged to review. SB Financial
undertakes no obligation to update any forward-looking statement except as required by law after the date of this call. In addition
to the financial results presented in accordance with GAAP, this call will also contain certain non-GAAP financial measures.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">I will now turn the call over to Mr. Klein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Mark Klein</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Thank you, Melissa, and good morning, everyone.
Nice to have you all with us for our third quarter 2018 webcast. Our comments today certainly are supplemented by the earnings
release we filed yesterday.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Highlights briefly for the quarter include
net income of $3.1 million, a 14.5% improvement over the prior year quarter, representing a return on average assets now of 1.3%
or a 3 basis point increase.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Diluted EPS for the quarter, $0.39 per
share, representing a decrease of $0.01 per share or 1.7% from the linked quarter and a $0.04 decrease, or 9.3% from the prior
year quarter, primarily reflecting in the implications of our $30 million capital raise and $1.7 million additional common shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Trailing 12 months&rsquo; EPS now stand
at $1.78, a 20% improvement over the prior year of $1.48. Operating revenue expanded slightly over 2Q and year-to-date is up over
$3.4 million or 10.3%. Loan balance has expanded over $18 million or 2.44% from the linked quarter and nearly $96 million or 14.3%
from the year-ago quarter.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Deposits grew $36 million or 4.8% and over
$72 million or 10% from the year-ago quarter. Expenses were up 2.45% from the linked quarter and up 6.1% from the prior year due
to staffing needs in our regulatory and compliance areas.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Mortgage origination volume was down $14
million and nearly 13% from the June quarter, and up nearly $6 million or 6.8% from the year-ago quarter. Asset quality metrics,
as with prior quarters, continued to be a strength of ours. SBA loan volume slowed a bit due to some timing constraints and was
down significantly to $897,000 or 78% from the year-ago quarter. For the year, originations totaled $12.5 million, down $400,000
from the prior year of $12.9 million or 3%.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As with prior quarters, our results continue
to reflect our level of commitment to five key strategic initiatives: that revenue diversity that we seek for balance; organic
growth for more scale to improve performance; a broader product set in each household; customized service levels for operational
excellence; and of course asset quality that we speak of frequently.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">First, revenue diversity. This quarter
we delivered over 33% of our revenue from fee-based business lines, down slightly from the June quarter and a bit lower from the
year-ago quarter of 40% due to lower mortgage volume and sales and lower SBA loan sale gains. This quarter, residential mortgage
volume was down slightly, as I mentioned, including $6 million in variable rate products that flowed to our balance sheet in constrained
loan sale gains. For the year, we have originated now $263 million compared to $244 million for the prior year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">SBA lending was also a bit slower this
quarter, as I mentioned, but our year-to-date volume remains strong with $12.5 million in originations. We&rsquo;re now positioned
better than ever with BDOs, business development officers, in Westlake, Columbus, Fort Wayne, and Toledo.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Despite increases in mortgage rates, our
year-to-date volume has increased 8% or $19.5 million in total originations. Historically, we&rsquo;ve sold approximately 85% of
our originations, but this year sales have declined to approximately 72% due in part to our competitive variable rate products
that we offer that include construction lending and some private client products.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Mortgage production for the year has been
consistent with prior quarters with Columbus originating $147 million, Defiance $71 million, and Findlay $45 million. We intend
to continue to pursue our production goal levels of over $350 million in the purchase market as we add additional mortgage loan
professionals. In fact, I&rsquo;m pleased to announce in September we hired a seasoned executive in Indianapolis to organize a
fourth regional mortgage production team. We expect to add three producers this year and another three producers in 2019 from this
central Indiana expansion. With a projected total of 30 mortgage loan producers across Ohio, Indiana, and Michigan, our near-term
goal of producing $500 million annually is certainly within our sights.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our SBA production continues to reflect
the lumpy nature of loan sale gains that accompany this business line. This quarter we only sold $670,000 with $106,000 in loan
sale gains. However, our pipeline is very strong with over $11 million in process and another $3.5 million close and available
for sale in the fourth quarter. In 2017, we nearly doubled our volume to nearly $16 million and this year we expect to improve
on this success with approximately $19 million in total originations and $1.3 million in loan sale gains. This business line delivers
cost effective capital to businesses that are growing, improves our competitiveness in markets that clearly are growing, and adds
diversity and stability to our bottom line that is growing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A reorganized process workflow in the back
room and a more conscious approach to business line sales leadership at the top as well as in each market. We are committed to
achieving a top 100 producer status in the US by 2020. Our wealth management business line continues to make meaningful contributions
to our overall performance. This quarter revenue was in line with linked quarter at just over $700,000 and year-to-date now stands
at $2.2 million or $100,000 over our prior year-to-date number. Growing this business line has certainly been challenging for us,
but our prospects remain strong with additional seasoned talents in our newer higher growth markets of Fort Wayne, Findlay, and
Westlake. In fact, we&rsquo;ll be announcing a large increase in assets under management from the Cleveland market in the fourth
quarter that will give us great momentum as we enter 2019.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our second key initiative remains to add
scale and improve efficiency. Organic balance sheet growth remains strong. This quarter we expanded total assets by 3.6% and improved
our year-over-year growth to 13.8%, representing a $119 million expansion. Loan growth came from each of our markets: Columbus
$28 million, Defiance $23 million, Toledo $6 million, Lima $6 million, and Findlay $19 million. Our decentralized, seasoned executive-driven
model is hitting the target when it comes to identifying the job to be done for our clients in each of our unique markets. Deposits
also expanded again this quarter by $36.5 million or nearly 5% from the linked quarter, and up from the prior year by $72.6 million
or 10%.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">To ensure we continue to deliver appropriate
liquidity levels for our operation as well as generate funding, with the proper duration and cost required to fund loan demand,
we have launched an enterprise-wide deposit-gathering strategy. We not only have four dedicated treasury management staff working
with our commercial lenders and calling on businesses with higher liquidity levels, but also includes eight small business lenders
combing the markets on the street for deposit-rich commercial operations as well.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Third is our strategy to develop deeper
relationships. Our retail staff owns the onboarding process to new clients and the re-boarding efforts to existing clients. The
goal here is to communicate with the client at the time most appropriate using the channel most desired by the client. Our efforts
are delivering results. Our total households increased to $29,300 this quarter for an increase of 710 over yearend or 2.48%.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Expanding the number of households and
deepening our relationships in both new and existing households enable us to expand the number of products to our clients this
year by over 1,460 to over 59,000 or an increase of 2.5%. In addition, the number of services to our clients has also expanded
by over 1,300 this year to over 27,300 or a 5.29% expansion. By expanding the number of products in our households, we drive organic
balance sheet growth and expanding the number of services to those households, sticky products, we improve the probability of servicing
them for life.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Operational excellence remains our fourth
theme. Even as mortgage production has slowed from recent quarters, we continue our growth trend of building a solid mortgage servicing
portfolio with over $263 million in total mortgage production, I mentioned, representing 1,380 loans for the year. Over 95% of
those loans reflect not only a new business but also a new household, the State Bank. As a result, we now service nearly 7,500
mortgages, an increase of $548 million over the year-ago quarter or 7.9%.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our servicing portfolio now stands at $1.07
billion, up from $979 million in the year-ago quarter. Rates have risen modestly this year, but our weighted average coupon and
our portfolio of 3.91% ensures the stability of our nearly $3 million in annual servicing revenue.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Last month I announced to our staff the
restructuring of our IT and operations department. The initiative here was to allow our Chief Technology Innovation Officer, Ernesto
Gaytan, to build a deeper bench with new team members and some new leadership to better align resources, processes, and priorities
to drive operational excellence across the entire enterprise worthy of our clients&rsquo; continued trust and confidence. Under
the direction of Mr. Gaytan, we intend to continue pursuing both organic balance sheet growth as well as M&amp;A opportunities,
a journey that will deliver a larger balance sheet and a larger residential servicing portfolio that today stands at nearly the
$1 billion mark on to the $2 billion mark.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We continue to do the right things for
the client by offering only the right products and services that best meet and exceed the clients&rsquo; needs. This client-centered
consulting requires every one of our 250 staff members to work interdependently, as we have discussed for a number of quarters.
As a result, this year we have uncovered 1,500 client needs. This has led to over 820 solutions, representing $71 million in additional
household products. We prospect client needs diligently and recommend client solutions judiciously. Said differently, we want to
provide 100% of everything the client needs and nothing of what they do not.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our fifth and final initiative is asset
quality, a continued strength of our company. Non-performing assets increased slightly to 0.35%, past due loans consistent 0.24%,
and net charge-offs of just $6,000 for the quarter and $41,000 for the year. Our reserve to non-performing loans now stands at
256%. Overall our portfolio metrics continue to be stable and favorable to peer in an accommodative operating environment. We&rsquo;re
focused on stress testing credits as well as maintaining our robust loan approval standards and loan review scope that applies
to any credit in excess of $350,000.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Finally, we anticipate that the implementation
of a data-driven early detection system that we put in place a little over two years ago will enable us to look around the corner
and better prepare for the next credit cycle.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">And now, I&rsquo;d like to ask Tony Cosentino
to give us a little more detail, Tony, on our quarterly performance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Anthony Cosentino</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Thanks, Mark. Good morning, everyone. Recapping
our earnings, as Mark highlighted, net income of $3.1 million and $0.39 per share. Net income up from the prior year, but our EPS
was down due to our first quarter capital raise, which added $1.7 million new common shares. Also the impact of the 2017 tax cuts
are reflected in the reduction in our federal tax rate from 29.1% in 2017 to 20.9% currently.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Some highlights for the quarter, operating
revenue up 5% from the prior year, flat from the linked quarter. Loan growth was up $96.6 million from September of last year or
14.3%. Loan sales delivered gains of $2.2 million from mortgage, small business, and agriculture. Mortgage volume of $95.3 million
was higher by 6.8% from the third quarter of 2017. And lastly, we continue to hold our non-performing assets steady with the NPA
ratio at quarter end of 35 basis points.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As we break down further our third quarter
income statement, we begin with our margin. Net interest income was up from the prior year by 17% and up 1.2% to the linked quarter.
End of period loan balances from the prior year up $96.6 million, and our average loan yield for the quarter of 4.95% increased
by 35 basis points from the prior year. Overall, our earning asset yield was up 43 basis points to the prior year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition to the balance sheet impact,
we&rsquo;ve had four rate increases that have affected our interest income this year and have driven yields higher. With 70% of
our loans of a variable nature, we will continue to see higher loan yields on average but not necessarily increasing at the same
pace that we are seeing funding costs rise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On the funding side, we continue to experience
an increase in the cost of our interest bearing liabilities, which came in at 1% for the quarter, up 32 basis points from the prior
year and 20 basis points from the linked quarter. Net interest margin at 3.96% was up 15 basis points from the prior year but down
from the linked quarter by 18 basis points. These variances were all due to the combination of higher deposit costs, loan growth,
and of course reduced fees from softer mortgage loan origination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Total interest expense costs have risen
by 60% from the prior year with a variance driven by volume and a new product strategy with our private banking clients. Loan activity
has influenced margin income from the prior year with total loan interest income of $9.5 million, up 24%, which clearly $97 million
of increased loan balance is a key driver, including $18 million this quarter and $46 million in the June quarter. We have a strong
loan pipeline and expect a growth level in Q4 in line with our third quarter production. Total non-interest income of $4.2 million
was down from the prior year, reflecting lower SBA gains and the sale in Q1 of &lsquo;18 of our DCM technology business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">And the SBA rate of this quarter was not
as predicted. We had a number of SBA credits that were delayed due to reporting and documentation issues, but we expect our fourth
quarter production to be up significantly from the last two quarters. Because of the lower SBA production and the continued pressure
on mortgage origination, fee income as a percentage of total revenue was down to 33%.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For the quarter, mortgage originations
of $95.3 million were up from the prior year by 6.1% or 6.8%. And for the last 12 months we have originated $335 million in new
originations. This quarter&rsquo;s new purchase volume remained high at 95%. Again, this quarter, we had more on balance sheet
residential activity as our clients have chosen to do more of our ARM product than our historical averages. We are looking at alternatives
to move some portfolio product off our books in the fourth quarter to ease liquidity and to increase our percentage of sold product
levels.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Total gains on sale for mortgage came in
at $2.1 million, which was 2.6% on our sold volume of $81 million. Our servicing portfolio of $1.07 billion provided revenue for
the quarter of $653,000 and is on pace to deliver $2.6 million to $2.8 million in total revenue in 2018.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The servicing portfolio has increased by
$87 million or 8.9% from the prior year. The market value on our mortgage servicing rights remain level this past quarter. Our
calculated fair value of 117 basis points was up 9 basis points from the prior year but did result in a $62,000 impairment. At
September 30, 2018 our mortgage servicing rights were $11.1 million, up 16% from the third quarter of 2017 and up 5% from the June
&rsquo;18 quarter. Our total temporary impairment remaining is $143,000.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In the quarter, operating expenses of $8.8
million were up $0.5 million or 6.1%. And compared to the linked quarter, expenses were up just slightly $0.2 million. The expense
growth from the prior year is all from increased compensation and employee benefit expense. We have added 13 professionals to our
company to supplement our SBA and mortgage sales efforts, and as our company has grown we have also added necessary resources in
operations and risk management. On a year-to-date basis, operating expenses were up 10.8%, reflecting operating activity as well
as the sale of our DCM business in Q1 and the tax initiatives that we distributed also in the first quarter.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As we turn to the balance sheet, loan outstandings
at September 30, 2018 stood at $772 million, which was 79% of the total assets of the company. We had growth of $97 million from
the prior year and up $18 million from the linked quarter. Compared to the prior year, our loan book grew in every category, led
by commercial real estate with $36.8 million, followed closely by residential real estate at $36.7 million. On the deposit side,
we are up from the prior year by $72.6 million, which is a 10.1% growth rate and up from the linked quarter by $36.5 million or
4.8%.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Included in our deposit and interest expense
growth was our effort to expand our services with our private client customer base. We embarked on an aggressively priced money
market product that added $20 million in deposits during the quarter. We expect the growth and expense level for that product to
stabilize at that current level going forward. As we discussed last quarter, we have been fully utilizing our balance sheet to
fund our mid-teens percentage loan growth. While our loan-to-deposit ratio has pulled back a bit this quarter to 98% from the 100%
level last quarter, it is still very high for us historically.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition, with deposit pricing rising
in all of our markets, competition is certainly elevated. We forecast that our deposit costs will continue to rise but at a slower
rate than experienced in third quarter of 2018.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Looking at our capital position, we finished
the quarter at $127 million, up $36 million or 39.8% from the prior year. We continue to be pleased with the added liquidity and
sponsorship over our shares after the completion of our capital raise in February. The equity-to-asset ratio of 13% was also up
significantly from the prior year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As we look at asset quality, total non-performing
assets now stand at $3.4 million or 0.35% of total assets. The total level of non-performing assets is down $0.3 million from the
prior year but up just $0.2 million to the linked quarter. Included in our non-performing asset total is $0.9 million in accruing
restructured credits. These restructured loans, which are nearly all maturity extensions, elevate our non-performing level by 10
basis points, and absent these, our total non-performing asset ratio would be just 25 basis points.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Provision expense in the quarter was zero,
equal to the level from the third quarter of 2017. Year-to-date, we have set aside $600,000 in provision compared to $200,000 in
year-to-date 2017. We had loan losses in the quarter of just $6,000. As we look at our absolute level of loan loss allowance, it
stands at $8.5 million, up from the prior year by $0.7 million or 9.4%. Primarily due to loan growth, our allowance to total loans
percentage has declined from 1.2% at the prior year to 1.1% currently. This allowance level still places at the median of our peer
group, which is where we anticipate landing as we move forward. We now have NPL coverage with our allowance of 256% compared to
213% at September of the prior year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In summary, a good quarter and our year-to-date
performance has been strong with net income of $8.7 million, up 23%. When we look at our pre-tax pre-provision [ph] income number,
we are still up 9% from the prior year-to-date and, with all assets under our care, increasing to $2.5 billion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">I&rsquo;ll now turn the call back over
to Mark.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Mark Klein</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Thank you, Tony. This quarter we continued
to perform at a high level and we&rsquo;re proud of the quarter that we&rsquo;ve revealed. Highlighting our performance again was
our double-digit expansion in net income, reflecting a 1.3% ROA driven by year-over-year loan growth of $97 million, as Tony mentioned,
deposit growth of $72 million, and $95 million in residential loan production. Our performance through the third quarter has positioned
us quite well for a strong finish to the year. Our commercial pipeline stands at over $17 million. Our SBA pipeline reveals strength
for the final quarter and residential real estate lending has transitioned clearly to the purchase market with great momentum.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our challenge will be to drive expansion
of the liability side of the balance sheet to fund our loan growth at the margin given our 98% loan-to-deposit ratio, as Tony mentioned.
Our local and regional economies remain strong and clearly in concert with our intent to drive greater scale, leading to improved
efficiency and high performance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">I&rsquo;ll now turn the call back to Melissa
for questions and answers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Melissa Martin</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Thank you, Mark. Operator, we&rsquo;re
now ready for our first question.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>QUESTIONS AND ANSWERS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Operator</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Ladies and gentlemen, at this time if you
would like to ask a question, please press star and then one. If you are using a speakerphone, we do ask that you please pick up
your handsets before pressing the keys to ensure the best sound quality. To withdraw your question, you may press star then two.
Once again, that is star and then one to ask a question.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our first question today comes from Sean
Tobin from FIG Partners. Please go ahead with your question.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Sean Tobin</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Thank you. Good morning.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Mark Klein</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Good morning, Sean. Nice to have you with
us.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Sean Tobin</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Starting with loan growth, third quarter
loan growth was very healthy at 10% linked quarter annualized. Can you talk a little more about the pipeline? Is it up or down
from last quarter and is there any change to your outlook for low double-digit loan growth going forward?</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Mark Klein</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Jon?</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Jon Gathman</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">No, Sean, I would say our pipeline is pretty
level from last quarter for the fourth quarter. We have a number of new facilities we&rsquo;ve approved and a number of draw notes
that we&rsquo;ll continue to draw out here through the fourth quarter and into the first quarter of next year on some large construction
projects we&rsquo;ve done.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The only challenge I see going forward,
because the real estate market is so good, we have a number of investors in commercial real estate selling some properties at gains
that presumably they&rsquo;ll redeploy and we&rsquo;ll do the next loan for them as well. But we&rsquo;re beginning to see some
turnover of the commercial real estate again because the market&rsquo;s so good, but I fully anticipate our pipeline will be relatively
stable from third quarter here into fourth quarter.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Mark Klein</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">And Sean, just a follow-up comment, as
we&rsquo;ve claimed for a number of quarters, with our 2016 and 2017 commercial lenders, not including the SBA lenders, we&rsquo;re
clearly built for growth and we expect to continue our ascent in that definitely high single-digit, low double-digit expansion
levels.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Sean Tobin</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Awesome, thank you. And I know you touched
a little on CRE, what loan segments do you expect to drive growth? I know you spoke of diversifying loan portfolio, more specifically
the C&amp;I segment of the portfolio. Is that still the case?</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Jon Gathman</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This is Jon, Sean. No, absolutely. In fact,
we put a number of initiatives here in &rsquo;18, changes in incentive plan, changes in calling efforts, changes in personnel and
where they&rsquo;re targeted, and we&rsquo;re going to amplify that here again in 2019. We&rsquo;ve begun to see some fruits of
that labor, particularly as we&rsquo;re focused on again that C&amp;I segment, manufacturing small businesses in particular and
things we&rsquo;ve talked about in previous quarters. We&rsquo;ve also restructured our retail side to include eight new business
bankers that are out finding small business loans, which tend to obviously be C&amp;I deals as well. So that continues to be our
focus here for the remainder of &rsquo;18 and into 2019.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Sean Tobin</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Right, okay. You mentioned last quarter
some projects that you still expected to fund up. Did that occur this quarter and is there more expected in the fourth quarter?</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Jon Gathman</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">I mentioned earlier, Sean, that yes we
have two&mdash;three, three large projects in particular. One was delayed, a very nice C&amp;I deal as a matter of fact, was delayed
because the customer was doing so well they utilized their own cash. So that delayed a little bit of when they&rsquo;ll start drawing.
But those three large projects, which probably totaled somewhere around $15 million to $20 million between the three, are drawing
as we speak and I anticipate now more fourth quarter to first quarter of 2019.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Sean Tobin</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Okay, great. Can you talk about your operating
markets geographically? Which ones are stronger and weaker today? Is it Defiance, more specifically, Defiance, Columbus, and Toledo?
Which ones are stronger and weaker today?</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Jon Gathman</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In terms of loan growth, Sean?</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Sean Tobin</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Yes, sorry.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Jon Gathman</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Well I think so far this year we&rsquo;ve
seen a fair amount of our loan growth from&mdash;I mean the two leading markets are Columbus and Defiance. Columbus is historically
here the last three, four years been our strongest loan growth category or region. Certainly we&rsquo;ve had some nice growth from
Finley and Toledo as well. In the fourth quarter looking at the pipeline, interestingly that growth will be in two different markets.
I think we&rsquo;ll see a lot of growth. Some of those draw notes we talked about earlier will be in the Fort Wayne and Lima markets.
So a fair amount of diversity in terms of where our growth is coming from here in 2018.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Sean Tobin</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Okay, and then switching fronts to the
deposit side, deposits increased about 20% linked quarter annualized. Can you talk about what&rsquo;s driving that strength? Last
quarter you mentioned implementing new strategies, and I know you touched it in the beginning of the call, is that gaining traction?</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Mark Klein</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Well as we mentioned before, Sean, obviously
getting up to the 90-plus percentile loan to deposit, we&rsquo;ve known for a period of time that we needed to drive the C&amp;I
portfolio and with that transactional accounts. But we&rsquo;ve also determined that our private client group and our private client
portfolio can certainly grow by increasing those deposit rates. And, we knew that if we increased deposit rates we needed to increase
the scale of the portfolio, and we have, to make up lost margin. So we&rsquo;ve had a more conscious-focused approach on deposits,
including from a commercial C&amp;I.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">But as I mentioned, with four treasury
management individuals on the street literally all the time seeking to find businesses with a high liquidity propensity, as well
as our eight individuals that we really removed from the retail operating arena in the offices and moved them on the street. So
we certainly expect to continue to drive the funding for our imminent loan growth that Jon has mentioned that is embedded in our
existing draw notes as well as what&rsquo;s in the pipeline to be approved yet.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Sean Tobin</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Right, okay. And then in terms of&mdash;obviously
it depends on the type&mdash;but in terms of rates, are you guys offering any new rates on new money in terms of deposits and funding?</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Mark Klein</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Well we&rsquo;ve certainly paid attention
to our marginal cost and we love keeping it at the margin, but of recent again giving the fact that we&rsquo;re close to the 100%
mark, we&rsquo;ve had to do what we needed to do to find the liquidity in addition to the CDs that are well into the 2% mark. We&rsquo;ve
launched a 185 on a private client money market account, which was a very competitive rate a month or two ago that now is kind
of just okay. So, we look certainly for our cost to continue. The beta on our deposits relative to competition are certainly well
above the 1 mark because, again, we just don&rsquo;t have much room to not grow deposits given the loan demand that we&rsquo;ve
seen.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">So we&rsquo;re optimistic that we can find
those deposits. And of recent note would be some large regional banks that are exiting some of our markets. So we&rsquo;ve launched
a couple call blitzes in several markets that we think we can continue to gain some traction, albeit on deposits because that&rsquo;s
what they&rsquo;re primarily comprised of because they don&rsquo;t have much in the way of lending opportunities in some of those
higher share, lower growth markets that we have had for a number of years.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Sean Tobin</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Definitely. And then your deposit outlook
for 2019 going forward, can you give a little more color on that in terms of growth?</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Mark Klein</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Yes, just at a high level again with our
betas being greater than competition, we&rsquo;ve always said that we&rsquo;re poised for a rising rate environment and we think
we have a good mix that if yield curve steepens, and rates rise, certainly the economy is doing well, and commercial will be driven
nicely with the expanding economy as we&rsquo;ve seen. Unfortunately, it will be met a little bit by a softening real estate market.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">So we continue to be optimistic that we
can find the deposits albeit a number that&rsquo;s well in excess of our marginal cost. But it&rsquo;s out there and we think we
can find it, and we think we have some great strategies and some great people that are now on the street looking specifically&mdash;not
for loans. We&rsquo;ve got the 17 lenders out there looking for loans. Now it&rsquo;s a matter of gearing up the staff for the
liability side growth of the balance sheet.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Sean Tobin</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Awesome. That&rsquo;s very helpful. Switching
gears, I guess, to the margin, loan yields were flat to slightly down linked quarter. Was this related to mortgage or fees?</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Anthony Cosentino</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">It was. Obviously the mortgage fee level
has an impact on our loan yields. I think we&rsquo;ve really stabilized on the loan yield side. We&rsquo;ll continue to see slight
increases but pricing is a little stickier in some of our markets on the loan side. So we&rsquo;re continuing to try to drive that,
but I think they&rsquo;ll stay on this relative range for some time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Sean Tobin</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Okay and then on the topic of loan pricing,
what type of rates are you seeing on new production today versus existing yields, and my guess is it looks like it&rsquo;s intensified?</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Jon Gathman</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">I think competition generally is, but loan
growth&rsquo;s strong enough that I don&rsquo;t know that pricing has been a significant issue. But certainly there are, particularly
the non-regional banks, the community banks in our various markets have been, yes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Sean Tobin</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Okay. And then there&rsquo;s been a lot
of volatility in your margin over the last few quarters. How should we think about the margin over the next several quarters given
the strong outlook for loan growth and continued funding cost pressure?</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Anthony Cosentino</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Well I think that&rsquo;s absolutely the
case. I mean I think, as I said last quarter in our call, the 415 for the quarter was oversized given the impact of the capital
raise and getting above 100% loan to deposit. I would suspect we&rsquo;re going to stay in this same range on a loan-to-deposit
ratio, high 90s. Deposit costs will continue to rise, but they&rsquo;re not going to rise to the level they had risen in the last
two quarters on a percentage basis. And as I said, I think loans are going to be sticky. I would expect to stay in this same 3.85
to 3.95 range for margin for the near term.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Mark Klein</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Sean, just one additional comment, and
Jon can certainly allude to this, but several years ago we began offering swap products to make sure that we continue to appreciate
and realize the benefits of a steepening yield curve and rising rates. And how much is our notional risk, Jon, that we have had
that we&rsquo;ve kept those all at a variable basis all in a spirit of riding the yield curve up but also leaving some basis points
on the table because we didn&rsquo;t take a fixed yield and put it on the books and actually make a wider margin, all in the spirit
of taking more duration risk?</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Jon Gathman</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">I think it&rsquo;s just approximately $40
million. And as you pointed out, Mark, two benefits there. The yield curve is so flat right now that the cost of the borrower to
go out ten years versus five or even fifteen versus ten is minimal, and we get the upside because the customer is indifferent in
a raising rate environment in that situation. So yes, we have some very nice increases to be seen here with LIBOR and prime rate
increases recently as those continue to move up.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Mark Klein</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">So we&rsquo;re happy with our positioning
there, and our clients won, and we&rsquo;ve got variable products that again are increasing as the yield curve increases. And those
have been good for us, as I mentioned, and the client.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Sean Tobin</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Again, how much of your portfolio is variable
rate? Is it tied to prime or LIBOR?</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Anthony Cosentino</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">It&rsquo;s in the mid to high 60s, about 70% is variable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Mark Klein</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">And that&rsquo;s our current portfolio. We have another $30
million to $40 million of undrawn lines that are in that same&mdash;and again that&rsquo;s combining primarily home equity loans
and C&amp;I lines of credit.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Sean Tobin</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Okay, good. Can you provide an update on mortgage outlook given
the current rising rate environment?</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Mark Klein</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Well again, our variable has not been&mdash;our number&mdash;our
variable has been the number of producers, knowingly that refinancing have obviously gone away in every market that we&rsquo;re
in, which is why 95% of what we do is all purchase market and definitely all new to us. Five percent would be about the refinancing&rsquo;s
internally that we have. But clearly now going into Indianapolis with the team down there, which will make four regional teams
in some pretty robust markets, our expectations of that $350 million to $400 million going forward. And clearly that $500 million
number, we thought we were going to be there back in &rsquo;16 and things softened a bit in &rsquo;17 with no inventory.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">But we remain steadfast on delivering the $500 million in volume
per year. Again, not because our individuals that we currently have are going to do 20% more, but it&rsquo;s because we&rsquo;re
going to have 20% more producers. And as I mentioned, with a total of 30 in our markets in 3 states, we remain fairly bullish on
growing not only the volume but the servicing portfolio that has taken us 10 years to get to $1 billion. And I don&rsquo;t think
it&rsquo;s going to take quite as long obviously to get to the $2 billion mark. But not only do we like the loan sale gains, but
we certainly love getting into one more household. And our job is to try to get the service per household, certainly in excess
of the 1.5 to 1.6 we currently have on up into 2 and 3. And we work hard through the retail staff to get that done. We&rsquo;re
still working on it.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Sean Tobin</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Okay, and then specifically in terms of mortgage originations,
how should we think about that in the fourth quarter, and then for the rest of 2019 or entire year?</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Anthony Cosentino</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Yes, sure Sean. This is Tony. Our initial expectation on Q4
is going to be similar to where we were in Q4 of &rsquo;17. That kind of level of origination would put us up, call it, 5% to 7%
on a year-over-year basis, kind of contrast that with what we&rsquo;re seeing in the market, which is probably a down mid-teens
type level for other originators. I think we&rsquo;ve seen that some of those fringe players have left the market. We&rsquo;ve
been able to capture market share and we&rsquo;ve been able to capture more market share by adding more people on the street. And
I think our expectation for &rsquo;19 is a similar type growth level like that, high single-digits to low double-digit type, as
we sit here today.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Mark Klein</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">What&rsquo;s kept us in the mark, Sean, also and I&rsquo;m sure
you&rsquo;re aware of it that we&rsquo;ve certainly been aggressive on the construction front given the fact that there&rsquo;s
no one doing spec loans anymore and certainly no one&rsquo;s ever heard of lot and development loans anymore, so we decided to
take a position on trying to attack some of those opportunities in the construction market all be them individually. And we found
some great traction there. I think we have probably $40 million or so in construction projects, so we&rsquo;ve kind of mitigated
the downside of not having a development or a spec kind of loan product which nobody&rsquo;s doing anymore. So those have worked
nicely for us and those eventually find their way to the sold portfolio, so that was a good strategy we launched about a year and
a half ago or two.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Sean Tobin</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Okay, that&rsquo;s very helpful. And then mortgage sales picked
up to 84% this quarter from 72% last quarter. Do you expect that to moderate going forward?</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Anthony Cosentino</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We&rsquo;ve historically been in kind of the mid 80s range.
We saw some improvement this year from what had been kind of a down year this year. I think we have to acknowledge that the customer
has become more confident in taking the arm product, which has landed a bit more on our balance sheet. And we&rsquo;ve been very
successful this year in the private client market, which has added a bit more of on-balance sheet growth to us, less of a sales
function.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">I think we&rsquo;ll continue to look at opportunities to monetize
some of those balances and see if we can, potentially, for liquidity purposes and/or pipeline, move some of those off of our balance
sheet but that will be an ongoing strategy for us.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Sean Tobin</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Right, okay. And then on the M&amp;A front, can you talk about
your outlook on M&amp;A? Last quarter you indicated you needed to get through your 2018 compliance exam. Has that wrapped up and
if so, can you provide us an update on your thoughts regarding M&amp;A outlook going forward?</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Mark Klein</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Sure, Sean. The compliance exam was to be wrapped up at the
end of September per regulator commitment. They readily admit, what really doesn&rsquo;t do much for us, that they didn&rsquo;t
meet the timeline or the hurdle. And so now they&rsquo;ve recommitted here to finish this up in October. We continue to be optimistic
about the resolution of any issues that we have on the consumer compliance side. We&rsquo;ve 100% complied. We&rsquo;ve done it
timely. We&rsquo;ve done it thoroughly. And they&rsquo;ve acknowledged all that and in fact self-reporting certainly is worthy,
and they notate that. So we&rsquo;re expecting to have that wrapped up here this month.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">And certainly pending that would be the impetus to continuing
conversations with banks that are in the area that we&rsquo;ve strategically identified that would be of high interest to us in
expanding our footprint, both in-market and adjacent market. So while we&rsquo;ve grown organically nicely the last five years
$250 million, which we think is the most prudent way to grow our company, it certainly doesn&rsquo;t eliminate the opportunities
on M&amp;A. And clearly to get to that $2 billion mark anytime soon, it&rsquo;s going to take two or three of those acquisitions,
and we continue to work at that, again albeit a bit constrained with regulatory conversations as we speak, but we do not expect
those to plague us on the long-term here.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Sean Tobin</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Thank you. And then I guess just lastly on the provision, provision
was zero this quarter. Can you give us any outlook going forward on that?</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Anthony Cosentino</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Absolutely. I think as we&rsquo;ve looked at the improvement
in our portfolio, the level of absolute relative charge-offs, we felt like the level of provision, our allowance is up close to
10% with a loan growth level of call it 14% on a year-over-year basis. And I think we felt like that was a prudent level.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">I would guess we&rsquo;re still going to be in the range when
we finish the year of somewhere close to $1 million in total provision expense, somewhere around that range, $800,000 to $1 million.
And I think as we look forward into &rsquo;19 we&rsquo;re going to try to keep pace somewhere in that range, not grow to the full
level of loan growth but something probably 60% to 70% of our loan growth levels.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Sean Tobin</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Okay, awesome. Alright. Thanks for taking all of my questions.
Great quarter, guys.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Mark Klein</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Yes, thanks for joining us, Sean. Appreciate it.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Operator</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Once again, if you would like to ask a question please press
star then one. Our next question comes from Toni Molinari from Cutler Capital. Please go ahead with your question.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Toni Molinari</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Hi, Mark. Hi, Tony. Actually I have a question regarding you
mentioned the data-driven early detection system of loan performance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Mark Klein</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">I&rsquo;m sorry. Can you speak up a little? I&rsquo;m sorry,
we can&rsquo;t seem to gather your question well.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Toni Molinari</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Hi, sorry. You mentioned a data-driven early detection system
for loan performance. Could you speak a little bit more on that?</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Mark Klein</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Sure, Jon?</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Jon Gathman</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Sure, Toni. This is Jon. We purchased a number of years ago&mdash;it&rsquo;s
through Baker Hill [ph]&mdash;a module that they have that rescores our portfolio on a quarterly basis. So it&rsquo;s the same
data they use for small business loans, but it also applies to larger business loans. And really what it does is it develops a
baseline, then you look for changes from the baseline, and/or it analyzes changes in other data inside our core, for instance checking
accounts, line of credit usage, overdrafts, things like that. And the idea of their system is to forewarn you of those things,
a la an overdraft, that could potentially give you an early indication that something has changed with the credit.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We&rsquo;re looking at that every quarter and in fact we&rsquo;ve
integrated as well into our loan review process. So our loan review officer is also keeping track of that score trend over time.
And we intend to use that to further focus our loan review process on those credits that that system divulges, perhaps some potential
weaknesses.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Toni Molinari</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Okay, that&rsquo;s great. How has that influenced the provision,
or has it influenced the provision at all yet?</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Jon Gathman</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Well at this point, I would say it hasn&rsquo;t only because
it hasn&rsquo;t really detected anything significant. Our asset quality is very, very good. I would anticipate that going forward
in a little different economic cycle perhaps that we would use that data perhaps to drive some&mdash;particularly with CECIL [ph]&mdash;some
looking around the corner so to speak in terms of our provision levels.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Toni Molinari</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Okay, great. And then changing to the deposit side, you mentioned
that deposit costs will stabilize. Can you talk a little bit about the indicators that you&rsquo;re seeing that deposit costs will
stabilize?</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Anthony Cosentino</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Yes, Toni. What I was referencing is that we added call it $20
million to $25 million in a private client type product at a fairly high rate in the quarter. I wouldn&rsquo;t expect obviously
our rates to dramatically increase in that product or the level of balances in that product. So from that perspective I think that
had an outside impact on our interest expense costs, specifically in the quarter. Clearly the deposit market is moving, but we&rsquo;ve
seen some stabilization. I mean it&rsquo;s kind of been a bit more stair-step than a kind of a gradual increase. So I still think
fourth quarter it&rsquo;ll be more stable certainly than it has been in the prior two.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Mark Klein</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">And Toni, just an extra comment. We do have some strategies
that I don&rsquo;t want to speak publicly about yet but we do have some strategies to be a little more innovative in the deposit
gathering arenas in all of our markets, and we&rsquo;re going to be rolling some of that out here in the fourth quarter. That certainly
will put us in a more competitive position we think.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Toni Molinari</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Okay, that&rsquo;s great to hear. That&rsquo;s all I have. Thank
you very much.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Mark Klein</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Thank you.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Operator</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">And ladies and gentlemen, at this time we&rsquo;ve reached the
end of today&rsquo;s question and answer session. I&rsquo;d like to turn the conference call back over to Mark Klein for any closing
remarks.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>CONCLUSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Mark Klein</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Again, thank you all for joining us. It was a pleasure talking
with you here and reporting our third quarter results. And we certainly look forward to chatting with you in January for our entire
2018 year results. Again, thanks for joining us and we&rsquo;ll talk soon.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Operator</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Ladies and gentlemen, that does conclude today&rsquo;s conference
call. We do thank you for attending. You may now disconnect your lines.</P>

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