GENERATIONS OF

FOCUSING

ON YOU 2018 ANNUAL REPORT

It is with pride that we report to you, our valued shareholders, that SVB&T

Corporation (“Company”) posted another record year in 2018, adding a seventh

year to our unprecedented, consecutive year sequence of record financial

performance. These results were only achievable through the strategically

coordinated teamwork between staff and management, under the oversight

of your Board of Directors. Springs Valley Bank & Trust Company (“Bank”)

continues to focus on consistent financial performance, quality organic

asset growth, complementary inorganic growth opportunities, asset quality

improvement, core deposit growth, and income diversification.

RECAP OF RECORD 2018 FINANCIAL PERFORMANCE

In 2018, audited earnings of $4.1 Million or $7.40 basic earnings per share were posted. This is the highest in the Bank’s history and translates to a Return on Average Assets (ROAA) of 1.05%.

In late 2018, the Board approved and paid a dividend for 2018 of $0.95 per share, representing a 1.20% return based upon the 2018 year-end stock market value of $79.05.

Year-end book value for 2018 was $72.70, representing an increase of 8.65% over 2017.

Left:

Jamie R. ShinabargerPresident & CEO

Right:

Douglas A. HabigChairman of the Board

FELLOW SHAREHOLDERS:

THE YEAR IN REVIEW… THE YEAR AHEADVirtually all of Springs Valley’s success over the past seven years can be attributed to strong organic growth via the strategic day-to-day execution of community banking fundamentals. The recessionary years from 2008-2011 served as a period of reflection for management and the Board, culminating in some key strategic decisions:

• build a stronger business development framework within our local markets, to include a focus on growing core deposits;

• capitalize on “total relationship” lending opportunities where our capabilities directly intersect and align (Agriculture being the primary focus);

• develop complimentary business lines and/or strategies (Real Estate Investment Trust (REIT), Captive Insurance Agency, etc.);

• stay nimble and resourceful with regard to low risk, low cost, inorganic opportunities to help us overcome saturation challenges within our markets;

• leverage the Bank’s proven IT capabilities in order to compete in an increasingly digital world.

While we are now in unchartered waters given the extraordinary length of this economic recovery, business fundamentals remain solid with low interest rates, historically low unemployment and a growing equities market. While an economic slowdown is a virtual certainty somewhere on the horizon, the next 12 months continue to have a very favorable outlook for community banking.

The Bank remains dedicated to finding innovative ways to improve our competitive standing in the markets we serve and to adding new markets with potential. To that end, our Board of Directors and management team have a number of notable achievements to share with you from 2018 and a few new initiatives planned for 2019:

• In 2018, the Bank achieved net loan growth in our local markets of $20.2 Million or 7.05% and core deposit growth of $1.9 Million or 1.23%;

• SVB&T Corporation successfully joined the OTCQX exchange. This had a direct and immediate benefit for shareholders on several fronts. It provided a quick, easy and convenient avenue for buying and selling shares, which in turn created an immediate release of pressure from pent-up sale demand (liquidity for those wishing to sell) and ownership opportunities for those wishing to buy. Perhaps the most dramatic of all benefits being that within four months of joining the exchange, SVB&T Corporation shares saw an increase in value of 20.96% (joined the exchange with a market value low of $67.50 per share, appreciating to $81.65 per share as of close of business on September 28, 2018);

• Began work on Current Expedited Credit Loss (CECL) accounting for life-of-loan loss initiative driven by FASB and the Regulatory bodies;

• Engagement with a third party to assist us in strategically growing core, non-maturity accounts began in 2018 and will continue into 2019. This is a key to building a source of reliable funds to support our lending operation. In addition, management is driving a very focused emphasis on “total relationship” banking;

• Began a Financial Advisory Group (formerly Trust Department) rebranding initiative in 2018, with early 2019 roll-out;

• Springs Valley invested heavily in digital technologies with various “go-live” dates to enhance the digital banking experience and complement the Bank’s already robust electronic banking menu (Notifi, Zelle, etc.);

• In 2019, the Bank will remain focused on improving digital channels and hence the overall digital experience, with projects such as Online Deposit Account Opening and a small business lending platform. We will also continue to invest in cyber security and infrastructure to better secure and service our customers and their data;

• Springs Valley has committed to a new market in Daviess County, with anticipated banking center grand opening in Washington, IN in mid-2019;

• The Company transitioned from an annual to a quarterly dividend payout structure;

• The Stakeholder Engagement Initiative we began in 2016 is expected to continue and expand in 2019. With the effective migration from an in-house buy-sell system to the more efficient OTCQX platform successfully completed, management, at the Board’s direction, can now focus on creating and implementing a strategic Shareholder Playbook. An informative shareholder and prospective shareholder event is planned for mid-year 2019; details will be shared with you as we get closer to the date. These business drivers have enabled us to sustain the performance which began in 2012 after emerging from the Recession. Whether in the form of organic or inorganic means, growth is the pathway to economies of scale which are critical to helping us remain competitive in a rapidly consolidating industry.

The directors, officers and employees of Springs Valley Bank & Trust Company are committed to the success of the Company and to working with, and providing value to, our customers, communities and shareholders.

Information conveyed in this press release regarding SVB&T Corporation and its subsidiaries’ anticipated future performance is forward-looking and therefore involves risks and uncertainties that could cause the results or developments to differ significantly from those indicated in these statements. These risks and uncertainties include, but are not limited to, risks and uncertainties inherent in general and local banking as well as mortgage conditions, competitive factors specific to markets in which the Company and its subsidiaries operate, future interest rate levels, changes in local real estate markets, legislative and regulatory decisions or capital market conditions and other factors.

Jamie R. ShinabargerPresident & CEO

Douglas A. HabigChairman of the Board

INDEPENDENT AUDITORSBKD, LLP, CPA’s and Advisors, Cincinnati, Ohio

LEGAL COUNSELSmithAmundsen LLC, Indianapolis, Indiana

ADMINISTRATIVE DEPARTMENTSVB&T Corporation, Jasper, Indiana

ANNUAL MEETINGThe Annual Meeting of Stockholders of SVB&T Corporation will be held on Tuesday May 21, 2019 at 9:15 a.m. local time, at the French Lick Resort Event Center, 8670 West State Road 56, French Lick, IN 47432.

AUDITED FINANCIALSA copy of the Corporation’s Audited Financial Statement and 2018 Annual Report will be furnished to Shareholders of the Corporation without charge upon request to Darrell Blocker, SVB&T Corporation, 1500 Main Street, PO Box 830, Jasper, IN 47547-0830, dblocker@svbt.com.

VICE PRESIDENTSShane BuffingtonMichael EglerVicki Englert Terry GieslerSandra HemmerleinAnsley Jenkins Angela JonesRoss Key Greg Matheis Tina QualkenbushJason SchmittKenneth SchnausBrian Smith Michael Smith Diann VerkampValerie WilkinsMartin R. Wininger

ASSISTANT VICE PRESIDENTSBernita BergerNicole Ford JoElla Land Zachary Patton Susan RichardsonDustin RumbleBrian SchwartzMary Wendholt

SVB&T CORPORATION

Back left to right: Martin C. Kaiser, Senior Executive Vice President, Financial Advisory Group Manager; Jamie R. Shinabarger, President & CEO; Darrell E. Blocker, Senior Executive Vice President, Cashier & CFO; Front left to right: J. Craig Buse, Senior Executive Vice President, COO & CLO; Dianna B. Land, Senior Executive Vice President, Human Resources & Marketing

EXECUTIVE OFFICERS

Douglas A. Habig Chairman of the Board Springs Valley Bank & Trust Company; Retired, Kimball International, Inc.

John B. Habig Retired, Kimball International, Inc.

K. Frank HallPresident, Hall Brothers Transportation

Tonya S. HeimVice President of Patient Services Memorial Hospital & Health Care Center

Tracy Lorey, Ph.D.Superintendent of Greater Jasper Consolidated Schools

Ronald J. Sermersheim Retired, Kimball International, Inc.

Jamie R. Shinabarger President & CEO Springs Valley Bank & Trust Company

Ronald J. Thyen Retired, Kimball International, Inc.

James C. Tucker Attorney-at-Law, Tucker & Tucker, P.C.

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DIRECTORS

Springs Valley Bank & Trust Company will enhance the financial quality of life in our communities by focusing on you.

OUR MISSION

LOCATIONSJASPER BANKING CENTER1500 Main StreetJasper, IN 47546

PAOLI BANKING CENTER867 North Gospel StreetPaoli, IN 47454

THIRD AVENUE BANKING CENTER865 3rd AvenueJasper, IN 47546

VALLEY BANKING CENTER8482 West State Road 56French Lick, IN 47432

WASHINGTON BANKING CENTER – COMING 20191717 South State Road 57, Suite AWashington, IN 47501