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Business Combination (Tables)
 6 Months Ended
Jun. 30, 2021
Business Combinations [Abstract]  
Schedule of fair value of identifiable assets and liabilities
Fair value of assets acquired    
     
Cash and cash equivalents  $31,756 
Interest bearing time deposits   11,542 
Investment securities   1,362 
Federal Home Loan Bank stock   117 
Loans held for investment   16,395 
Premises and equipment   446 
Goodwill   4,325 
Core deposit intangible   660 
Other assets   192 
Total assets acquired  $66,795 
      
Fair value of liabilities assumed     
      
Deposits  $51,053 
Other liabilities   223 
Total liabilities assumed   51,276 
Total purchase price (cash)  $15,519 

 
Schedule of pro forma financial information
Summary of Operations ($ in thousands)  Three Months Ended 
SB Financial Consolidated  Jun. 2021   Jun. 2020 
         
Net interest income  $9,157   $9,033 
Provision for loan losses   
-
    1,300 
           
Net interest income after provision  $9,157   $7,733 
           
Non interest income   6,537    8,632 
Non interest expense   11,076    12,451 
           
Income before income taxes  $4,618   $3,914 
Income tax expense*   857    742 
           
Net income  $3,761   $3,172 
           
Basic earnings per share  $0.53   $0.41 
Diluted earnngs per share  $0.52   $0.41 

 

   Six Months Ended 
   Jun. 2021   Jun. 2020 
         
Net interest income  $18,782   $17,919 
Provision for loan losses   750    1,900 
           
Net interest income after provision  $18,032   $16,019 
           
Non interest income   17,459    10,820 
Non interest expense   21,985    22,139 
           
Income before income taxes  $13,506   $4,700 
Income tax expense   2,664    781 
           
Net income  $10,842   $3,919 
           
Basic earnings per share  $1.50   $0.51 
Diluted earnngs per share  $1.49   $0.51 

 

*Income tax expense for Edon calculated using a 21% statutory rate