Quarterly ResultMay 14, 2026, 02:36 PM
Security Midwest Q1 Net Income $418K, up 4.1%; EPS $0.50
AI Summary
Security Midwest Bancorp, Inc. reported a net income of $418,143 for the three months ended March 31, 2026, a 4.13% increase from $401,545 in the prior year period. Net interest income grew by 12.19% to $2.20 million, while total noninterest income also saw an 11.82% increase. The company's total assets decreased by 2.02% to $251.33 million compared to December 31, 2025, and total deposits also declined by 2.24% to $192.10 million. The provision for credit losses increased to $72,800 from zero in the prior year.
Key Highlights
- Net Income for Q1 2026 was $418,143, up 4.13% from $401,545 in Q1 2025.
- Diluted Earnings Per Share (EPS) for Q1 2026 was $0.50.
- Net Interest Income increased by 12.19% to $2.20 million in Q1 2026.
- Total Noninterest Income rose by 11.82% to $508,624 in Q1 2026.
- Total Assets decreased to $251.33 million as of March 31, 2026, from $256.52 million at Dec 31, 2025.
- Loans receivable, net, increased to $128.01 million at March 31, 2026, from $117.82 million at Dec 31, 2025.
- Total Deposits decreased to $192.10 million as of March 31, 2026, from $196.51 million at Dec 31, 2025.
- Provision for Credit Losses was $72,800 in Q1 2026, compared to zero in Q1 2025.