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Share Based Compensation | 6 Months Ended
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Jun. 30, 2026
Share Based Compensation [Abstract] |
SHARE BASED COMPENSATION | NOTE 15 – SHARE BASED COMPENSATION In April 2017, the Company’s shareholders approved a new share-based incentive compensation plan, the SB Financial Group, Inc. 2017 Stock Incentive Plan (the “2017 Plan”), which replaced the Company’s 2008 Stock Incentive Plan. The 2017 Plan permits the Company to grant or award incentive stock options, nonqualified stock options, stock appreciation rights (“SARs”), restricted stock, and restricted stock units to employees and non-employee directors and advisory board members of the Company and its subsidiaries. A total of 500,000 common shares of the Company are available for grants or awards under the 2017 Plan, of which 248,362 shares had been granted under the plan as of June 30, 2026. The 2017 Plan is intended to advance the interests of the Company and its shareholders by offering employees, directors and advisory board members of the Company and its subsidiaries an opportunity to acquire or increase their ownership interest in the Company through grants of equity-based awards. The 2017 Plan permits equity-based awards to be used to attract, motivate, reward and retain highly competent individuals upon whose judgment, initiative, leadership and efforts are key to the success of the Company by encouraging those individuals to become shareholders of the Company. Stock option awards are granted with an exercise price equal to the market price of the Company’s stock at the date of grant and those option awards vest based on five years of continuous service and have 10-year contractual terms. The fair value of each option award is estimated on the date of grant using the Black-Scholes valuation model. As of June 30, 2026, there were no stock options outstanding, and no unrecognized compensation cost related to stock option awards. No stock options were granted in the first six months of 2026. On February 5, 2013, the Company adopted a Long Term Incentive Plan (the “LTI Plan”), which provides for awards of restricted stock in the Company to certain key executives. These restricted stock awards vest over a four-year period and are intended to assist the Company in retention of key executives. The compensation cost charged against income for awards under the LTI Plan for the three and six months ended June 30, 2026, was $0.2 million and $0.4 million, respectively, and for the three and six months ended June 30, 2025, was $0.2 million and $0.3 million, respectively. As of June 30, 2026, there was $1.0 million of total unrecognized compensation cost related to non-vested share-based compensation arrangements related to the restricted stock awards under the 2017 Plan which were granted in accordance with the LTI Plan. That cost is expected to be recognized over a weighted-average period of 2.5 years. The table below is a summary of restricted stock activity under the Company’s 2017 Plan for the six months ended June 30, 2026.
|  | Shares |  |  | Weighted- Average Value per Share |
Nonvested, January 1, 2026 |  |  | 39,638 |  |  | $ | 19.05 |
Granted |  |  | 41,222 |  |  |  | 22.14 |
Vested |  |  | (14,471 | ) |  |  | 18.62 |
Forfeited |  |  | (959 | ) |  |  | 18.52 |
Nonvested, June 30, 2026 |  |  | 65,430 |  |  | $ | 21.10 |

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