For the quarter ending 2025-09-30, SBMW had -$14,063,802 decrease in cash & cash equivalents over the period. $844,733 in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income | 281,057 | 751,093 |
| Depreciation and amortization | 63,142 | 108,410 |
| Amortization of premiums and discounts | -79,314 | -143,625 |
| Accretion of deferred loan origination fees, net | 24,386 | 31,084 |
| Amortization of mortgage servicing rights | 11,390 | 26,181 |
| Deferred income taxes | 88,901 | 241,302 |
| Provision for credit losses | 0 | 8,750 |
| Gain on sale of loans | 39,069 | 73,503 |
| Proceeds from sale of loans | 1,871,611 | 3,725,288 |
| Origination of loans held for sale | 2,187,243 | 3,679,383 |
| Increase in cash surrender value of life insurance | 18,094 | 34,803 |
| Gain on sale of foreclosed assets | 3,814 | - |
| Release of esop shares | 15,125 | - |
| Accrued interest receivable | 8,661 | -61,140 |
| Other assets | -674,011 | 374,765 |
| Accrued expenses and other liabilities | 284,478 | -500,787 |
| Net cash provided by operating activities | 1,087,762 | 371,464 |
| Proceeds from maturities of held-to-maturity securities | 0 | 735,000 |
| Proceeds from paydowns of mortgage-backed securities | 817,370 | 1,242,819 |
| Proceeds from calls and maturities of available-for-sale securities | 230,000 | 910,000 |
| Net change in loans | 2,410,258 | -1,384,274 |
| Proceeds from sale of foreclosed assets | 250,979 | - |
| Purchase of premises and equipment | 243,029 | 82,918 |
| Net cash provided by (used in) investing activities | -1,354,938 | 4,189,175 |
| Repayment of fhlb advances | - | 0 |
| Net (decrease) increase in deposit accounts | -15,728,459 | -3,892,684 |
| Net change in advances by borrowers for taxes and insurance | -192,792 | 50,457 |
| Gross proceeds from issuance of common stock | 8,897,810 | - |
| Stock offering costs, net | 1,550,398 | - |
| Proceeds from stock subscriptions in escrow | - | 4,599,937 |
| Purchase of esop shares | 622,850 | - |
| Net cash (used in) provided by financing activities | -13,796,626 | 757,710 |
| (decrease) increase in cash and cash equivalents | -14,063,802 | 5,318,349 |
| Cash and cash equivalents at beginning of period | 43,540,304 | - |
| Cash and cash equivalents at end of period | 34,794,851 | - |
Security Midwest Bancorp, Inc. (SBMW)
Security Midwest Bancorp, Inc. (SBMW)