Welcome to our dedicated page for Security Bancorp news (Ticker: SCYT), a resource for investors and traders seeking the latest updates and insights on Security Bancorp stock.
Security Bancorp, Inc. reports bank holding company developments tied to Security Federal Savings Bank of McMinnville, Tennessee. News commonly covers consolidated earnings, basic earnings per share, loan growth, deposit funding, stockholders’ equity, and changes in interest-bearing deposits and Federal funds sold.
Company updates also discuss credit quality measures such as non-performing assets, delinquent and classified loans, allowance for loan losses, and provision for credit losses. Recurring announcements include annual cash dividends on common stock and operating details for the Tennessee state-chartered financial institution serving the McMinnville market.
Security Bancorp (OTCBB: SCYT) reported higher earnings for the quarter and six months ended June 30, 2026. Quarterly net income rose to $1.6 million, or $4.31 per basic share, from $1.2 million, or $3.30, a year earlier. Six‑month net income increased to $3.1 million, or $8.13 per share, from $2.3 million, or $6.03.
Net interest income grew 21.1% to $3.9 million for the quarter and 24.6% to $7.5 million year‑to‑date, driven by higher loan balances, higher loan yields and lower interest expense. Total assets reached $386.1 million, loans receivable rose to $311.1 million, and deposits increased to $327.0 million. Stockholders’ equity grew to $45.0 million, or 11.6% of total assets.
Non‑performing assets increased to $941,000 from $4,000 at year‑end 2025, largely due to real estate owned, while the allowance for loan losses was $2.9 million, covering 299.69% of non‑performing assets.
Security Bancorp (OTCBB: SCYT) declared an annual cash dividend of $1.00 per share on its outstanding common stock. The dividend is payable on July 1, 2026 to shareholders of record as of June 1, 2026.
At March 31, 2026, total assets were $378.7 million and stockholders’ equity was $43.4 million.
Security Bancorp (OTCBB: SCYT) reported first quarter 2026 results for the period ended March 31, 2026. Net income was $1.44 million, or $3.81 basic EPS, versus $1.03 million, or $2.73 EPS, a year earlier. Net interest income rose to $3.65 million; non-interest income fell to $404,000. Loans receivable, net, were $308.0 million and deposits were $331.1 million at March 31, 2026. Non-performing assets increased to $713,000; allowance for loan losses was $2.876 million (403.36% of non-performing assets).
Security Bancorp (OTCBB: SCYT) reported third-quarter 2025 consolidated results with Q3 net income $1.49M ($3.94/share) vs $1.04M ($2.77) a year earlier and YTD net income $3.76M ($10.03) vs $2.94M ($7.84) prior year.
Net interest income rose 20.6% YoY to $3.47M in Q3 and 16.5% YTD to $9.53M, driven by higher loans and loan rates. Loans receivable increased $29.4M (11.1%) to $293.5M; total assets rose 4.4% to $375.7M; deposits increased 2.2% to $327.7M.
Provision for credit losses declined to $29K Q3 and $36K YTD; non-performing assets fell to $18K. Stockholders' equity increased 12.5% to $40.1M. Non-interest income and YTD non-interest expense rose modestly due to card-processing renegotiation fees.
Security Bancorp (OTCBB: SCYT) reported strong Q2 2025 financial results, with net income reaching $1.2 million ($3.30 per share), up from $915,000 ($2.45 per share) in Q2 2024. The company's six-month net income grew to $2.3 million ($6.03 per share).
Key highlights include a 15.2% increase in Q2 net interest income to $3.2 million, driven by loan growth and higher interest rates. Total assets grew 6.8% to $384.1 million, with loans receivable increasing by $18.0 million. Deposits rose 6.6% to $341.7 million, while stockholders' equity improved to $38.7 million, representing 10.1% of total assets.
Security Bancorp (SCYT) has announced an annual cash dividend of $1.00 per share on its outstanding common stock. The dividend will be paid on July 1, 2025, to shareholders of record as of June 2, 2025.
Security Bancorp, the holding company for Security Federal Savings Bank of McMinnville, Tennessee, reported total assets of $391.8 million and stockholders' equity of $37.1 million as of March 31, 2025.
Security Bancorp (SCYT) reported strong financial results for Q3 2024. Net income reached $1.0 million ($2.77 per share), up from $859,000 ($2.30 per share) in Q3 2023. Net interest income increased 14.3% to $2.9 million. The company's consolidated assets grew 6.8% to $346.6 million, driven by an 11.4% increase in loans receivable to $262.2 million. Deposits rose 5.2% to $304.9 million, while stockholders' equity improved 11.7% to $34.8 million. Non-performing assets significantly decreased by 98.9% to $4,000.
Security Bancorp, Inc. (OTCBB: SCYT) reported strong financial results for Q2 2024. Net income rose to $915,000 ($2.45 per share), up from $819,000 ($2.24 per share) in Q2 2023. For the first half of 2024, net income reached $1.9 million ($5.08 per share), compared to $1.6 million ($4.32 per share) in H1 2023.
Key highlights include:
- Net interest income increased 12.1% to $2.8 million in Q2 2024
- Loans receivable, net, grew 7.4% to $252.8 million
- Deposits rose 2.7% to $297.5 million
- Non-performing assets decreased 30.9% to $251,000
- Stockholders' equity increased 6.5% to $33.2 million
The company's growth was primarily driven by increased loans and higher interest rates, partially offset by rising interest expenses.
On May 17, 2024, Security Bancorp announced an annual cash dividend of $1.00 per share for its common stock, payable on July 1, 2024. Shareholders holding stock as of June 3, 2024, will receive this dividend. As of March 31, 2024, the company reported total assets worth $336.3 million and stockholders' equity of $32.1 million. Security Bancorp is headquartered in McMinnville, Tennessee, and operates Security Federal Savings Bank.