Every 10-Q that SECURITY MIDWEST BANCORP (SBMW) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow SBMW and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SBMW filings page.
Security Midwest Bancorp, Inc. reported unaudited results for the three and six months ended June 30, 2026. Total assets were $244.5 million at June 30, 2026, compared with $256.5 million at December 31, 2025, as cash and cash equivalents declined while loans expanded.
Loans receivable grew to $137.7 million from $119.1 million, with net loans at $136.3 million after a $1.17 million allowance for credit losses under CECL. Total deposits were $184.4 million, down from $196.5 million, while Federal Home Loan Bank advances remained $35.0 million.
For the quarter, net interest income was $2.33 million and net income was $390,079. For the first half of 2026, net interest income was $4.53 million and net income was $808,222, with basic and diluted earnings per share of $0.47 for the quarter and $0.97 year-to-date. Comprehensive income for the first half, including other comprehensive income from securities and a cash flow hedge, totaled $1.10 million.
Security Midwest Bancorp, Inc. reported solid first‑quarter 2026 results, generating net income of $418,143, slightly above $401,545 a year earlier. Basic and diluted earnings per share were $0.50.
Total assets were $251.3 million as of March 31, 2026, with loans receivable of $129.4 million and deposits of $192.1 million. Nonperforming loans remained low at $221,595, while the allowance for credit losses on loans increased to $1.12 million, reflecting continued use of the CECL model.
The bank remains strongly capitalized. At March 31, 2026, its common equity Tier 1 capital ratio was 18.87% and total risk‑based capital ratio was 19.78%, both well above regulatory “well capitalized” thresholds. An interest rate swap designated as a cash flow hedge contributed an unrealized gain recorded in other comprehensive income.
Security Midwest Bancorp, Inc. filed its quarterly report for the period ended September 30, 2025. The company completed its mutual-to-stock conversion on July 31, 2025, selling 889,781 shares at $10.00 for gross proceeds of $8,897,810. After approximately $1.55 million in offering costs, the company contributed $6.2 million to the bank, loaned $622,850 to its ESOP (which purchased 62,285 shares), and retained about $479,000.
Quarterly net income was $281,057, down from $371,263 a year ago, as higher noninterest expenses offset stronger net interest income. Year-to-date net income rose to $1,032,150 from $907,822. EPS was $0.34 for the quarter and $1.25 for the nine months. Net interest income improved to $1,969,945 in the quarter, while the provision for credit losses was $0.
Total assets were $203,868,750 versus $214,541,091 at year-end. Deposits were $179,750,881 versus $199,372,024. Loans receivable were $115,036,974 (net loans $113,885,820). Shareholders’ equity increased to $23,249,180 from $13,951,484, aided by the offering and an improvement in accumulated other comprehensive loss to $(3,194,982) from $(4,720,841).