Security Midwest Bancorp, Inc. (SBMW) Form 10-Q — May 14, 2026
Security Midwest Bancorp, Inc. reported net income of $418,143 for the three months ended March 31, 2026, representing basic and diluted earnings per share of $0.50. This compares to net income of $401,545 for the same period in 2025, reflecting modest growth in profitability following the company's conversion to stock form in July 2025. Total assets decreased slightly to $251.3 million from $256.5 million at year-end 2025, driven by a reduction in cash and cash equivalents to $35.9 million.
Key figures
- Eps
- 0.5
- Net Income
- 418143
- Total Debt
- 35000000
- Total Assets
- 251334423
- Cash Position
- 35909448
- Fhlb Advances
- 35000000
- Total Deposits
- 192096792
- Total Loans Net
- 128013854
- Net Interest Income
- 2200829
- Noninterest Income
- 508624
- Noninterest Expense
- 2052879
- Allowance For Credit Losses
- 1121001
- Interest Rate Swap Notional
- 40000000
- Provision For Credit Losses
- 72800
- Available For Sale Securities
- 75508129
Price after filing
Close on the filing date to close N calendar days later (from $16.10). Historical, not a forecast.
AI analysis
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