Security Midwest Bancorp Q2 FY26 net income rises 11.6% to 390,000

Reuters2026/08/14 21:25

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Security Midwest Bancorp posted Q2 net income of 390,000, up 11.6% from a year earlier.
Net interest income rose 21.8% to 2.33 million, lifting net interest margin 2 basis points to 4.02%.
Total interest expense climbed 62.2% to 887,000, driven by 328,000 higher borrowing costs tied to FHLB advances.
Noninterest income fell 16.6% to 418,000, as deposit service fees dropped on a new cannabis-related business fee structure.
Loans, net increased 15.7% to 136.3 million since Dec. 31, while deposits declined 6.1% to 184.4 million.

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: 0001193125-26-352648), on August 14, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Security Midwest Bancorp Q2 FY26 net income rises 11.6% to 390,000

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