For the year ending 2025-12-31, SBMW had $6,838,234 increase in cash & cash equivalents over the period. $2,149,767 in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Net income | 298,732 |
| Depreciation | 234,716 |
| Amortization of premiums and discounts | -257,093 |
| Accretion of deferred loan origination fees, net | 73,311 |
| Amortization of mortgage servicing rights | 52,972 |
| Deferred income taxes | 118,574 |
| Provision for credit losses | 41,389 |
| Gain on sale of loans | 141,755 |
| Proceeds from sale of loans | 7,191,769 |
| Origination of loans held for sale | 7,106,389 |
| Increase in cash surrender value of life insurance | 71,110 |
| Loss on sale of available-for-sale securities | -419,278 |
| Gain on sale of foreclosed assets | 3,814 |
| Esop compensation expense | 39,262 |
| Accrued interest receivable | 41,762 |
| Other assets | -401,907 |
| Accrued expenses and other liabilities | 998,665 |
| Net cash provided by operating activities | 2,616,216 |
| Proceeds from maturities of held-to-maturity securities | 980,000 |
| Purchase of available-for-sale securities | 41,441,325 |
| Proceeds from sales of available-for-sale securities | 7,578,242 |
| Proceeds from paydowns of mortgage-backed securities | 2,846,664 |
| Proceeds from calls and maturities of available-for-sale securities | 1,395,000 |
| Net change in loans | 4,944,892 |
| Purchase of fhlb stock | 877,500 |
| Proceeds from sale of foreclosed assets | 250,979 |
| Purchase of premises and equipment | 466,449 |
| Net cash used in investing activities | -34,679,281 |
| Net (decrease) increase in deposit accounts | -2,866,541 |
| Proceeds from fhlb advances | 35,000,000 |
| Net change in advances by borrowers for taxes and insurance | 43,278 |
| Gross proceeds from issuance of common stock | 8,897,810 |
| Stock offering costs, net | 1,550,398 |
| Purchase of esop shares | 622,850 |
| Net cash provided by financing activities | 38,901,299 |
| Increase in cash and cash equivalents | 6,838,234 |
| Cash and cash equivalents, beginning of year | 43,540,304 |
| Cash and cash equivalents, end of year | 50,378,538 |
Security Midwest Bancorp, Inc. (SBMW)
Security Midwest Bancorp, Inc. (SBMW)