Security Midwest Bancorp Inc

What Do They Do?

Takes retail deposits and makes residential and commercial real estate and business loans, while providing deposit and cash-management services to cannabis organizations.

How Do They Make Money?

Charges depositors fees for account maintenance, overdrafts, debit-card and interchange services, ATM use, wire transfers and other requested services; fees are charged when the service occurs.

FY2025 revenue

Who Are Their Customers?

Attracts retail deposits from the general public and cannabis-related businesses, and makes residential, commercial property and business loans. Loan originations come from bank staff and referrals from existing customers, real estate brokers, accountants and other professionals.

Do Revenues Turn Into Profits?

Yes. It kept 3 cents of every revenue dollar as net income in FY2025 and turned 21 cents into free cash flow.

Net income, FY2025

3% of revenue

▼ −56% vs FY2024 ($683K, 7%)

Free cash flow, FY2025

21% of revenue

▲ +86% vs FY2024 ($1.2M, 12%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +31%; vs $2.5M in Q2 FY2025
Net income: ▲ +12%; vs $349.5K in Q2 FY2025

Growing. Revenue grew 3% in 1 year, from $10.1M in FY2024 to $10.3M in FY2025, about 3% a year.

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