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 · 2026-05-07 vs the prior 10-Q · 2025-11-06
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +11 | −20 | ~15 | 39 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~1 | 0 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 4 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | Text added/removed | 0 | 0 | ~1 | 0 |
| 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 · 2026-05-07
Asset Quality Review – For the Period Ended March 31, March 31,
Allowance for credit losses/Non-performing loans 432.2% 254.4%
Consolidated Revenue: Operating revenue, consisting of net interest income (“NII”) and noninterest income, was $17.4 million for the first quarter of 2026, an increase of $2.0 million, or 13.3 percent, from the $15.4 million generated during the first quarter of 2025.
NII for the first quarter of 2026 was $12.7 million, which was up $1.4 million from the prior year first quarter’s $11.3 million. Comparing the first quarter of 2026 to the prior year first quarter, the Company’s earning assets increased $133.3 million, and the average yield on earning assets increa…
Total noninterest income was $4.7 million for the first quarter of 2026, which increased compared to $4.1 million for the prior year first quarter. Mortgage revenue increased during the first quarter of 2026, as detailed below, with wealth management revenue also up compared to the prior year. Impai…
Text removed vs the prior filing · source: 10-Q · 2025-11-06
Allowance for credit losses/Non-performing loans 345.4% 276.8%
Consolidated Revenue: Operating revenue, consisting of net interest income (“NII”) and noninterest income, was $16.6 million for the third quarter of 2025, an increase of $2.3 million, or 15.9 percent, from the $14.3 million generated during the third quarter of 2024.
NII for the third quarter of 2025 was $12.3 million, which was up $2.1 million from the prior year third quarter’s $10.2 million. Comparing the third quarter of 2025 to the prior year third quarter, the Company’s earning assets increased $120.0 million, and the average yield on earning assets increa…
Total noninterest income was $4.2 million for the third quarter of 2025, which increased compared to $4.1 million for the prior year third quarter. Mortgage revenue increased during the third quarter of 2025, as detailed below, while wealth management revenue was up slightly compared to the prior ye…
State Bank originated $67.6 million of mortgage loans during the third quarter of 2025 and sold $66.4 million, with $1.2 million of loans held for investment. This compares to $70.7 million originated for the third quarter of 2024, of which $61.3 million were sold with the remainder of loans held fo…
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