For the quarter ending 2026-03-31, SBMW had -$14,469,090 decrease in cash & cash equivalents over the period. -$704,864 in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 418,143 | -733,418 | 281,057 | 751,093 |
| Depreciation | - | 234,716 | - | - |
| Depreciation and amortization | -111,475 | - | 63,142 | 108,410 |
| (accretion) amortization of premiums and discounts | 18,752 | -34,154 | -79,314 | -143,625 |
| Accretion of deferred loan origination fees, net | 10,687 | 17,841 | 24,386 | 31,084 |
| Amortization of mortgage servicing rights | 10,512 | 15,401 | 11,390 | 26,181 |
| Deferred income taxes | 113,169 | -211,629 | 88,901 | 241,302 |
| Provision for credit losses | 72,800 | 32,639 | 0 | 8,750 |
| Gain on sale of loans | 21,197 | 29,183 | 39,069 | 73,503 |
| Proceeds from sale of loans | 1,052,225 | 1,594,870 | 1,871,611 | 3,725,288 |
| Origination of loans held for sale | 1,198,820 | 1,239,763 | 2,187,243 | 3,679,383 |
| Increase in cash surrender value of life insurance | 18,175 | 18,213 | 18,094 | 34,803 |
| Loss on sale of available-for-sale securities | - | -419,278 | - | - |
| Gain on sale of foreclosed assets | - | 0 | 3,814 | - |
| Release of esop shares | 12,449 | 24,137 | 15,125 | - |
| Accrued interest receivable | 41,210 | 94,241 | 8,661 | -61,140 |
| Other assets | -97,791 | -102,661 | -674,011 | 374,765 |
| Accrued expenses and other liabilities | -1,137,448 | 1,214,974 | 284,478 | -500,787 |
| Net cash (used in) provided by operating activities | -609,123 | 1,156,990 | 1,087,762 | 371,464 |
| Proceeds from maturities of held-to-maturity securities | - | 245,000 | 0 | 735,000 |
| Proceeds from sales of available-for-sale securities | - | 7,578,242 | - | - |
| Proceeds from paydowns of mortgage-backed securities | 1,163,233 | 786,475 | 817,370 | 1,242,819 |
| Proceeds from calls and maturities of available-for-sale securities | - | 255,000 | 230,000 | 910,000 |
| Purchase of available-for-sale securities | 500,000 | 41,441,325 | - | - |
| Net change in loans | 10,271,250 | 3,918,908 | 2,410,258 | -1,384,274 |
| Purchase of fhlb stock | - | 877,500 | - | - |
| Proceeds from sale of foreclosed assets | - | 0 | 250,979 | - |
| Purchase of premises and equipment | 95,741 | 140,502 | 243,029 | 82,918 |
| Net cash (used in) provided by investing activities | -9,703,758 | -37,513,518 | -1,354,938 | 4,189,175 |
| Repayment of fhlb advances | - | - | - | 0 |
| Net (decrease) increase in deposit accounts | -4,408,691 | 16,754,602 | -15,728,459 | -3,892,684 |
| Proceeds from fhlb advances | - | 35,000,000 | - | - |
| Net change in advances by borrowers for taxes and insurance | 252,482 | 185,613 | -192,792 | 50,457 |
| Gross proceeds from issuance of common stock | - | 0 | 8,897,810 | - |
| Stock offering costs, net | - | 0 | 1,550,398 | - |
| Proceeds from stock subscriptions in escrow | - | - | - | 4,599,937 |
| Purchase of esop shares | - | 0 | 622,850 | - |
| Net cash (used in) provided by financing activities | -4,156,209 | 51,940,215 | -13,796,626 | 757,710 |
| (decrease) increase in cash and cash equivalents | -14,469,090 | 15,583,687 | -14,063,802 | 5,318,349 |
| Cash and cash equivalents, beginning of period | 50,378,538 | 34,794,851 | 43,540,304 | - |
| Cash and cash equivalents, end of period | 35,909,448 | 50,378,538 | 34,794,851 | - |
Security Midwest Bancorp, Inc. (SBMW)
Security Midwest Bancorp, Inc. (SBMW)