• Security Midwest Bancorp posted net income of $418,000 for quarter ended March 31, 2026, up 4.1% from year-ago period.
• Net interest income rose 12.2% to $2.2 million as interest income climbed 21.1% to $3.1 million, while interest expense jumped 51.6% to $867,000.
• Provision for credit losses was $73,000 versus no provision a year earlier, with allowance for credit losses on loans at $1.1 million, or 0.87% of total loans.
• Total assets fell 2% to $251.3 million as cash and cash equivalents dropped 28.7% to $35.9 million, while loans, net grew 8.7% to $128 million.
• Deposits slipped 2.2% to $192.1 million, including cannabis-related business deposits of $49.5 million; management continued pursuing growth in demand accounts and other lower-cost core deposits while expanding CRB services into other states.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Security Midwest Bancorp Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-223660), on May 14, 2026, and is solely responsible for the information contained therein.