---
title: "Security Midwest Bancorp 10-K: $10.33M Interest Income; $0.36 EPS"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/281934143.md"
description: "Security Midwest Bancorp reported a total interest income of $10.333 million and a net income of $0.299 million, resulting in earnings per share of $0.36. The net interest income increased to $7.933 million, with a net interest margin of 3.92%. However, total noninterest income fell to $1.560 million, and noninterest expenses rose to $9.034 million, primarily due to pension withdrawal charges. Total assets grew by 19.6% to $256.5 million, enhancing liquidity and supporting investments in higher-yield securities. The company is focusing on expanding its lending services and improving treasury capabilities."
datetime: "2026-04-07T21:25:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281934143.md)
  - [en](https://longbridge.com/en/news/281934143.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281934143.md)
---

# Security Midwest Bancorp 10-K: $10.33M Interest Income; $0.36 EPS

Security Midwest Bancorp reported total interest income of $10.333 million and net income of $0.299 million, producing earnings per share of $0.36 for the year; net interest income rose to $7.933 million as loan and security yields improved while noninterest income and higher expenses weighed on profitability. The firm’s net interest margin expanded to 3.92% even as total noninterest income declined and noninterest expense increased, driven in part by pension withdrawal charges. Total assets grew materially, supporting liquidity and investment in higher-yield securities and expanded services.

**Financial Highlights**

-   **Total interest income**: $10.333 million, up 2.8% year-over-year driven by higher loan yields.
-   **Net interest income**: $7.933 million, increased $0.756 million year-over-year; net interest margin improved to 3.92%.
-   **Total noninterest income**: $1.560 million, decreased $0.417 million year-over-year (includes $0.419 million loss on securities sale).
-   **Total noninterest expense (operating income proxy)**: $9.034 million, increased $0.853 million year-over-year, with pension withdrawal expense a major driver.
-   **Net income**: $0.299 million, a 56.3% decrease year-over-year reflecting higher noninterest expense and lower noninterest income.
-   **Earnings per share — basic and diluted**: $0.36 per share.

**Business Highlights**

-   **Asset growth & liquidity**: Total assets rose 19.6% to $256.5 million, driven by higher cash balances and available-for-sale securities, enhancing operational liquidity.
-   **Revenue mix & margin improvement**: Improved yields on loans and securities increased net interest income and supported a higher net interest margin.
-   **Deposit and funding strategy**: Core deposits declined slightly; the company shifted funding toward lower-cost demand accounts and FHLB advances to finance purchases of higher-yielding securities.
-   **Operational costs & workforce**: Noninterest expense increased due to pension withdrawal and ESOP-related costs; headcount grew to support business expansion and commercial/retail banking services.
-   **Business strategy & channel expansion**: Management is focusing on growth in owner-occupied residential and commercial lending, expanding cannabis-related services, and enhancing treasury and cash-management capabilities.

Original SEC Filing: Security Midwest Bancorp, Inc. \[ SBMW \] - 10-K - Apr. 07, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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