| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income | 1,032,150 | 751,093 |
| Depreciation and amortization | 171,552 | 108,410 |
| Amortization of premiums and discounts | -222,939 | -143,625 |
| Accretion of deferred loan origination fees, net | 55,470 | 31,084 |
| Amortization of mortgage servicing rights | 37,571 | 26,181 |
| Deferred income taxes | 330,203 | 241,302 |
| Provision for credit losses | 8,750 | 8,750 |
| Gain on sale of loans | 112,572 | 73,503 |
| Proceeds from sale of loans | 5,596,899 | 3,725,288 |
| Origination of loans held for sale | 5,866,626 | 3,679,383 |
| Increase in cash surrender value of life insurance | 52,897 | 34,803 |
| Gain on sale of foreclosed assets | 3,814 | - |
| Release of esop shares | 15,125 | - |
| Accrued interest receivable | -52,479 | -61,140 |
| Other assets | -299,246 | 374,765 |
| Accrued expenses and other liabilities | -216,309 | -500,787 |
| Net cash provided by operating activities | 1,459,226 | 371,464 |
| Proceeds from maturities of held-to-maturity securities | 735,000 | 735,000 |
| Proceeds from paydowns of mortgage-backed securities | 2,060,189 | 1,242,819 |
| Proceeds from calls and maturities of available-for-sale securities | 1,140,000 | 910,000 |
| Net change in loans | 1,025,984 | -1,384,274 |
| Proceeds from sale of foreclosed assets | 250,979 | - |
| Purchase of premises and equipment | 325,947 | 82,918 |
| Net cash provided by (used in) investing activities | 2,834,237 | 4,189,175 |
| Repayment of fhlb advances | - | 0 |
| Net (decrease) increase in deposit accounts | -19,621,143 | -3,892,684 |
| Net change in advances by borrowers for taxes and insurance | -142,335 | 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 | -13,038,916 | 757,710 |
| (decrease) increase in cash and cash equivalents | -8,745,453 | 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)