SBFG — what changed in the latest 10-Q
A section-by-section comparison of SBFG's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-11-05 vs the prior 10-Q · 2026-08-06
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +19 | −20 | ~38 | 16 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~4 | 1 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 0 |
| Risk factors | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-11-05
Allowance for credit losses/Non-performing loans 524.4 % 345.4 %
Consolidated Revenue: Operating revenue, consisting of net interest income (“NII”) and noninterest income, was $18.1 million for the third quarter of 2026, an increase of $1.5 million, or 9.0 percent, from the $16.6 million generated during the third quarter of 2025.
NII for the third quarter of 2026 was $13.4 million, which was up $1.1 million from the prior year third quarter’s $12.3 million. Comparing the third quarter of 2026 to the prior year third quarter, the Company’s earning assets increased $116.7 million, with the average yield on earning assets incre…
Total noninterest income was $4.7 million for the third quarter of 2026, which increased slightly compared to the prior year third quarter. Mortgage revenue decreased during the third quarter of 2026, as detailed below, however wealth management and customer service revenue were up compared to the p…
State Bank originated $77.7 million of mortgage loans during the third quarter of 2026 and sold $66.5 million, with $11.0 million of loans held for investment. This compares to $67.6 million originated during the third quarter of 2025, of which $66.4 million were sold with the remainder of loans hel…
Text removed vs the prior filing · source: 10-Q · 2026-08-06
Asset Quality Review – For the Period Ended June 30, June 30,
Allowance for credit losses/Non-performing loans 470.3 % 266.4 %
Consolidated Revenue: Operating revenue, consisting of net interest income (“NII”) and noninterest income, was $17.9 million for the second quarter of 2026, an increase of $0.7 million, or 4.5 percent, from the $17.2 million generated during the second quarter of 2025.
NII for the second quarter of 2026 was $13.0 million, which was up $0.8 million from the prior year second quarter’s $12.1 million. Comparing the second quarter of 2026 to the prior year second quarter, the Company’s earning assets increased $112.5 million, but the average yield on earning assets de…
Total noninterest income was $5.0 million for the second quarter of 2026, which decreased minimally compared to the prior year second quarter. Mortgage revenue decreased during the second quarter of 2026, as detailed below, however wealth management and customer service revenue were up compared to t…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice