Good day and welcome to the SB Financial's Second Quarter 2015 Financial Results Conference Call and Webcast. At this time, I would like to inform you that this conference call is being recorded and that all participants are in a listen-only mode. We will begin with remarks by management and then open the conference up to the investment community for question and answers. I will now turn the conference over to Melissa Short. Please go ahead.

Good afternoon, everyone. I would like to remind you that this conference call is being broadcast live over the Internet and will also be archived and available on our Web site at www.yoursbfinancial.com under Investor Relations. Joining me today are Mark Klein, Chairman, President and Chief Executive Officer; Tony Cosentino, Chief Financial Officer; and Jon Gathman, Senior Lending Officer. Before I turn the call over to Mr. Klein, let me add that this call may contain forward-looking statements regarding SB Financial Group's financial performance, anticipated plans, operational results and objectives. Forward-looking statements are based on management'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. We have identified a number of different factors within the forward-looking statements at the end of our earnings release and you are encouraged to review those factors. SB Financial Group 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. I will now turn the call over to Mr. Klein.

Thank you, Melissa, and good afternoon, everyone. Welcome to our second quarter webcast for the year. As with prior quarters, we issued our earnings release yesterday and of course those details can be accessed on our Web site. First, I'd like to make some general comments on our overall performance this past quarter and then Tony Cosentino, our CFO will provide more color on those underlying metrics. Finally, I'll close with some of our perspectives on some of the markets that we serve. Highlights for the quarter include net income was $1.99 million or $0.36 a share represent a significant increase over 59% or approximately $746,000 over the prior year quarter and a strong 33% over the linked quarter. Considering our recent preferred convertible issue last year fully converted, our net income available to common is up over 37% with earnings per share of $0.31. This quarterly performance represents a fully diluted earnings per share improvement of over 35% from the linked quarter of $0.23. Top line revenue grew 19.5% over the prior year quarter and 11.8% over the linked quarter, expenses 2.9 and 2.6 increase respectively. The efficiency ratio improved also to 66.3% or 12% improvement over the prior year quarter and an 8% improvement over the linked quarter. Wealth management revenue a focus for us increased to $666,000 a 2.6% increase over the prior year quarter and 1.1% over the linked quarter. Mortgage volume remained robust for our company. Origination volume for the quarter was over $93 million or an improvement of over 40% over the prior year quarter and 25% over the linked quarter. Likewise, our servicing portfolio increased to $726 million representing an improvement of 15.7% over the prior year quarter and 5.6% over the linked quarter. As a quality metrics and portfolio performance continue to…

Thanks Mark. Let start with a few high level comments on some of the factors affecting our results. First, total revenue on a fully taxable equivalent basis was up 19.2% from prior year and up 11.7% from the linked quarter. Loan growth up $16.3 million over the prior year or 3.2% and we're continuing to have an impact from the early payoff of our trust preferred securities in the third quarter of 2014 which resulted an improvement in net interest margin of 18 basis points on a year-over-year basis. Turning to the income statement, let's look at some of our strategic initiatives. On the revenue front specific margin, net interest income on a fully taxable equivalent basis was up 9.6% from the prior year and up from the linked quarter by 4.1%, end of period loan balances as we said were up $16.3 million from the prior year and up $10.6 million or 2.1% to the linked quarter. Earning asset yields decreased by 3 basis points from the prior year but rose 4 basis points from the linked quarter. On the funding side we continue to reduce our cost of interest bearing liabilities which came in at 49 basis points for the quarter. This was down 23 basis points from the 72 basis points in the second quarter of 2014 and flat to the linked quarter. Net interest margin at 3.76% was up 16 basis points from the prior year and up 5 basis points from the first quarter. As we said we did retire our 10.6% trust preferreds in the third quarter of 2014, which allowed us to realize significant savings and interest cost this quarter versus the prior year. As we look at fee income for the quarter mortgage originations of $93.6 million were up $27 million or…

Thank you, Tony. Overall, our quarterly results were quite strong and reflect significant momentum in residential real estate lending, SBA loan sale gains and number of household and services in those household as well as some modest overall loan growth. We continue to execute on our well-defined strategies across diverse geographic regions. While organic loan growth has made positive contributions to our margin revenue this year we continue to search for M&A opportunities that are strategically a good fit for a company and deliver additional scale to peers that coveted $1 billion market. The Federal Reserve has indicated that if and when rates begin to rise later this year they will be both gradual and measured. This reassurance coupled with a one-tenth of a percent inflation in June in the U.S. for the first time in six months and a stable national unemployment level of 5.3 mirroring that of Ohio at 5.2 has kept economic activity in our markets fairly stable even with limited annual GDP growth near zero in the first quarter. We have managed to expand our total revenue over 16% during the first half of this year compared to the prior year same period. Our performance in the first half of this year has been strong and we remain optimistic that our strategies and our intense level of execution will enable us to deliver on our vision of high performance at or above at 75% that of our peer group. Our expectation is that consistent quarterly earnings will be rewarded with that minimum a market level median PE or greater. And now I'd like to turn the call back over to Melissa for questions and answers. Melissa?

Thank you, Mark. Kerry, we are now ready for our first question.

Sounds great. We will now begin the question and answer session. [Operator Instructions]

While we're waiting for questions I would like to remind you that today's call will be accessible on our Web site at www.yoursbfinancial.com under Investor Relations.

Our first question comes from Chas Craig of Meliora Capital. Please go ahead.

Hi, guys, how is it going?

Hi, Chas. Great nice to have you.

Thanks. So you guys have displayed some very good operating leverage this quarter and really the efficiency ratio has been coming down at a pretty steady clip over the last year really curious on your thoughts given your current footprint and the growth initiatives you guys have if you have one [aside to get] [ph] efficiency ratio down in the kind of 60 range may be even a little bit of sub-60?

Yes, Chas. We've been pleased with our progress that we've made strategically we want to be in something in the lower half of those 60s, but clearly the additional revenue and constraining expenses has certainly provided the lift nothing is ever good enough we get the 65, we ever going to want to be 60. But, generally speaking our fee income has been a great thing and if we get a little positive GDP in at least some of our markets we could do quite well. Tony, any additional comments?

Yes, Mark. I would say Chas, 6% growth in expenses on a year-to-date basis well below what our revenue is growing as we look out to the third and fourth quarter, we'll see a slight rise in our expenses as our new location in Dublin comes on online. But we still anticipate that revenue growth is going to outpace any of our expense growth and I would say our expenses are very well controlled where we are today. We don't have anything that's unexpected or unplanned at this point other than the branch locations we've spoken about.

Okay. Very good.

Thanks Chas.

Thank you.

[Operator Instructions] There are no more questions in the question line up. I would like to now turn back the conference call to Mark Klein for any closing remarks.

All right, thank you very much. Once again, thank you all for joining us on many, many fronts a great year for SBFG in the first half of this year. We look forward to chatting with you in October for third quarter results for 2015. Good bye and thanks for joining us.

The conference is now concluded. Thank you for attending today's presentation. You may now disconnect.