2024 Q2 Form 10-Q Financial Statement

#000155837024007760 Filed on May 10, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 Q1
Revenue $64.67M $64.03M $48.29M
YoY Change 19.13% 32.6% 70.39%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.587M $2.545M $1.994M
YoY Change 2.99% 27.63% 32.32%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $29.52M $14.52M
YoY Change 103.29% 350.2%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $16.96M $14.14M $2.987M
YoY Change -13.02% 373.52% -74.49%
Income Tax $3.430M $2.837M $578.0K
% Of Pretax Income 20.22% 20.06% 19.35%
Net Earnings $13.53M $11.25M $2.409M
YoY Change -12.67% 366.96% -74.24%
Net Earnings / Revenue 20.92% 17.57% 4.99%
Basic Earnings Per Share $1.19 $1.00 $0.22
Diluted Earnings Per Share $1.19 $0.99 $0.22
COMMON SHARES
Basic Shares Outstanding 11.36M 11.36M 11.31M
Diluted Shares Outstanding 11.31M 10.86M

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $60.90M $168.3M $114.5M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $95.95M $95.80M $92.34M
YoY Change 3.85% 3.74% 27.81%
Goodwill $50.73M $50.73M $50.66M
YoY Change -0.09% 0.14% 82.63%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $4.604B $4.647B $4.293B
YoY Change 5.6% 8.25% 31.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $31.24M $39.85M $26.47M
YoY Change 20.75% 50.54% 87.27%
Accrued Expenses $6.669M $6.859M $6.259M
YoY Change 8.88% 9.59% 63.21%
Deferred Revenue
YoY Change
Short-Term Debt $46.71M $32.73M
YoY Change 42.71%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $37.91M $46.71M $32.73M
YoY Change 18.48% 42.71% 82.14%
LONG-TERM LIABILITIES
Long-Term Debt $23.16M $23.14M $23.09M
YoY Change 0.22% 0.22% 0.21%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $23.16M $23.14M $23.09M
YoY Change 0.22% 0.22% 0.21%
TOTAL LIABILITIES
Total Short-Term Liabilities $37.91M $46.71M $32.73M
Total Long-Term Liabilities $23.16M $23.14M $23.09M
Total Liabilities $4.116B $4.167B $3.856B
YoY Change 5.15% 8.08% 31.21%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $120.0K $120.0K $119.0K
YoY Change 0.84% 0.84% 21.43%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $488.7M $479.6M $436.6M
YoY Change
Total Liabilities & Shareholders Equity $4.604B $4.647B $4.293B
YoY Change 5.6% 8.25% 31.51%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q1
OPERATING ACTIVITIES
Net Income $13.53M $11.25M $2.409M
YoY Change -12.67% 366.96% -74.24%
Depreciation, Depletion And Amortization $2.587M $2.545M $1.994M
YoY Change 2.99% 27.63% 32.32%
Cash From Operating Activities $15.22M $23.89M $10.81M
YoY Change -32.82% 121.08% -33.76%
INVESTING ACTIVITIES
Capital Expenditures $1.922M $4.314M $2.643M
YoY Change 5.95% 63.22% -491.56%
Acquisitions
YoY Change
Other Investing Activities -$71.55M -$55.09M $201.5M
YoY Change -48.1% -127.34% -667.29%
Cash From Investing Activities -$73.47M -$59.40M $198.8M
YoY Change -47.4% -129.87% -649.4%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -49.12M -12.57M -148.2M
YoY Change -187.01% -91.52% -276.56%
NET CHANGE
Cash From Operating Activities 15.22M 23.89M 10.81M
Cash From Investing Activities -73.47M -59.40M 198.8M
Cash From Financing Activities -49.12M -12.57M -148.2M
Net Change In Cash -107.4M -48.08M 61.40M
YoY Change 77.24% -178.3% -4.18%
FREE CASH FLOW
Cash From Operating Activities $15.22M $23.89M $10.81M
Capital Expenditures $1.922M $4.314M $2.643M
Free Cash Flow $13.30M $19.58M $8.164M
YoY Change -36.19% 139.81% -51.95%

Facts In Submission

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us-gaap Supplies And Postage Expense
SuppliesAndPostageExpense
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us-gaap Supplies And Postage Expense
SuppliesAndPostageExpense
779000
CY2024Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1018000
CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
812000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3053000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1615000
CY2024Q1 smbc Foreclosed Property Expenses Losses
ForeclosedPropertyExpensesLosses
60000
CY2023Q1 smbc Foreclosed Property Expenses Losses
ForeclosedPropertyExpensesLosses
280000
smbc Foreclosed Property Expenses Losses
ForeclosedPropertyExpensesLosses
96000
smbc Foreclosed Property Expenses Losses
ForeclosedPropertyExpensesLosses
275000
CY2024Q1 us-gaap Other Noninterest Expense
OtherNoninterestExpense
1730000
CY2023Q1 us-gaap Other Noninterest Expense
OtherNoninterestExpense
2439000
us-gaap Other Noninterest Expense
OtherNoninterestExpense
5546000
us-gaap Other Noninterest Expense
OtherNoninterestExpense
5356000
CY2024Q1 us-gaap Noninterest Expense
NoninterestExpense
25049000
CY2023Q1 us-gaap Noninterest Expense
NoninterestExpense
26992000
us-gaap Noninterest Expense
NoninterestExpense
72616000
us-gaap Noninterest Expense
NoninterestExpense
61550000
CY2024Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
14144000
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
2987000
us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
46149000
us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
29964000
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2837000
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
578000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9497000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6288000
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
11307000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
2409000
us-gaap Net Income Loss
NetIncomeLoss
36652000
us-gaap Net Income Loss
NetIncomeLoss
23676000
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.22
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.23
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.42
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.99
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.22
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.22
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.41
CY2024Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
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CY2023Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.21
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.63
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
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CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
11307000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
2409000
us-gaap Net Income Loss
NetIncomeLoss
36652000
us-gaap Net Income Loss
NetIncomeLoss
23676000
CY2024Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
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CY2023Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
901000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
2195000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
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CY2024Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
-807000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
-1489000
CY2024Q1 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-72000
CY2023Q1 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
198000
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
810000
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-166000
CY2024Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-251000
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
703000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2874000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2024Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
11056000
CY2023Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
3112000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
39526000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
23086000
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
470182000
CY2024Q1 us-gaap Profit Loss
ProfitLoss
11307000
CY2024Q1 smbc Change In Unrealized Loss On Available For Sale Securities
ChangeInUnrealizedLossOnAvailableForSaleSecurities
-251000
CY2024Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.21
CY2024Q1 us-gaap Dividends Common Stock
DividendsCommonStock
2384000
CY2024Q1 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
-84000
CY2024Q1 smbc Stock Grant Expense
StockGrantExpense
657000
CY2024Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
175000
CY2024Q1 smbc Common Stock Issued Value
CommonStockIssuedValue
1000
CY2024Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
187000
CY2024Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
479584000
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
446058000
us-gaap Profit Loss
ProfitLoss
36652000
smbc Change In Unrealized Loss On Available For Sale Securities
ChangeInUnrealizedLossOnAvailableForSaleSecurities
2874000
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.63
us-gaap Dividends Common Stock
DividendsCommonStock
7145000
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
-283000
smbc Stock Grant Expense
StockGrantExpense
657000
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
391000
smbc Common Stock Issued Value
CommonStockIssuedValue
1000
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
187000
CY2024Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
479584000
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
336979000
CY2023Q1 us-gaap Profit Loss
ProfitLoss
2409000
CY2023Q1 smbc Change In Unrealized Loss On Available For Sale Securities
ChangeInUnrealizedLossOnAvailableForSaleSecurities
703000
CY2023Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.21
CY2023Q1 us-gaap Dividends Common Stock
DividendsCommonStock
2376000
CY2023Q1 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
-68000
CY2023Q1 smbc Stock Grant Expense
StockGrantExpense
584000
CY2023Q1 smbc Common Stock Issued Value
CommonStockIssuedValue
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CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
436647000
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
320772000
us-gaap Profit Loss
ProfitLoss
23676000
smbc Change In Unrealized Loss On Available For Sale Securities
ChangeInUnrealizedLossOnAvailableForSaleSecurities
-590000
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.63
us-gaap Dividends Common Stock
DividendsCommonStock
6252000
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
-177000
smbc Stock Grant Expense
StockGrantExpense
584000
smbc Common Stock Issued Value
CommonStockIssuedValue
98280000
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
436647000
us-gaap Net Income Loss
NetIncomeLoss
36652000
us-gaap Net Income Loss
NetIncomeLoss
23676000
us-gaap Depreciation
Depreciation
4452000
us-gaap Depreciation
Depreciation
3429000
smbc Gain Loss On Disposal Of Fixed Assets
GainLossOnDisposalOfFixedAssets
13000
smbc Gain Loss On Disposal Of Fixed Assets
GainLossOnDisposalOfFixedAssets
317000
smbc Stock Option And Stock Grant Expense
StockOptionAndStockGrantExpense
-940000
smbc Stock Option And Stock Grant Expense
StockOptionAndStockGrantExpense
-761000
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-55000
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-140000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3053000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1615000
smbc Amortization Of Purchase Accounting Adjustments
AmortizationOfPurchaseAccountingAdjustments
4277000
smbc Amortization Of Purchase Accounting Adjustments
AmortizationOfPurchaseAccountingAdjustments
2166000
us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
1413000
us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
1006000
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
2700000
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
16266000
smbc Net Realized Gains On Sale Of Available For Sale Securities
NetRealizedGainsOnSaleOfAvailableForSaleSecurities
-1489000
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
500000
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-646000
us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
16263000
us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
14673000
us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
16021000
us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
14723000
smbc Gain On Sales Of Loans Held For Sale
GainOnSalesOfLoansHeldForSale
-616000
smbc Gain On Sales Of Loans Held For Sale
GainOnSalesOfLoansHeldForSale
-550000
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
2936000
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
2901000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
848000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
815000
us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
8889000
us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
136000
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-420000
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
1981000
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
7242000
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
2383000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
55047000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
39366000
smbc Increase Decrease In Loans
IncreaseDecreaseInLoans
149660000
smbc Increase Decrease In Loans
IncreaseDecreaseInLoans
311095000
smbc Net Change Interest Bearing Deposits
NetChangeInterestBearingDeposits
744000
smbc Net Change Interest Bearing Deposits
NetChangeInterestBearingDeposits
1244000
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
28032000
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
27987000
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
29375000
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
136714000
us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
-2873000
us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
788000
us-gaap Payments For Proceeds From Federal Reserve Bank Stock
PaymentsForProceedsFromFederalReserveBankStock
6000
us-gaap Payments For Proceeds From Federal Reserve Bank Stock
PaymentsForProceedsFromFederalReserveBankStock
2701000
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
70848000
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
131827000
us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
160000
us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
165000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
7125000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4225000
us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
210704000
smbc Investments In State And Federal Tax Credits
InvestmentsInStateAndFederalTaxCredits
6494000
smbc Investments In State And Federal Tax Credits
InvestmentsInStateAndFederalTaxCredits
4423000
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
16000
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
3464000
us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
992000
us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
1122000
us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
270000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-172261000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-73719000
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
-10304000
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
-104729000
smbc Net Change In Certificates Of Deposits
NetChangeInCertificatesOfDeposits
280292000
smbc Net Change In Certificates Of Deposits
NetChangeInCertificatesOfDeposits
193749000
us-gaap Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
-27629000
us-gaap Proceeds From Federal Home Loan Bank Advances
ProceedsFromFederalHomeLoanBankAdvances
271000000
us-gaap Proceeds From Federal Home Loan Bank Advances
ProceedsFromFederalHomeLoanBankAdvances
1579630000
us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
302539000
us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
1572668000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
391000
smbc Purchase Of Treasury Stock
PurchaseOfTreasuryStock
187000
us-gaap Payments Of Dividends
PaymentsOfDividends
7145000
us-gaap Payments Of Dividends
PaymentsOfDividends
6252000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
231508000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
62101000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
114294000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
27748000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
53979000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
86792000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
168273000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
114540000
smbc Conversion Of Loans To Foreclosed Real Estate
ConversionOfLoansToForeclosedRealEstate
1742000
smbc Conversion Of Loans To Foreclosed Real Estate
ConversionOfLoansToForeclosedRealEstate
1073000
smbc Conversion Of Loans To Repossessed Assets
ConversionOfLoansToRepossessedAssets
191000
smbc Conversion Of Loans To Repossessed Assets
ConversionOfLoansToRepossessedAssets
58000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
734000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
82000
us-gaap Interest Paid Net
InterestPaidNet
5984000
us-gaap Interest Paid Net
InterestPaidNet
3717000
us-gaap Income Taxes Paid
IncomeTaxesPaid
1882000
us-gaap Income Taxes Paid
IncomeTaxesPaid
4062000
CY2024Q1 us-gaap Assets Of Wholly Owned Real Estate Investment Subsidiaries
AssetsOfWhollyOwnedRealEstateInvestmentSubsidiaries
1400000000
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 10pt 0pt;"><b style="font-weight:bold;">Use of Estimates.</b> The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 10pt 0pt;"><span style="color:#212529;">Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for credit losses, estimated fair values of purchased loans, and certain other assumptions and judgmental factors relating to investment securities.</span></p>
smbc Term Of Interest Bearing Deposits
TermOfInterestBearingDeposits
P3Y
smbc Number Of Loan Segments
NumberOfLoanSegments
24
CY2024Q1 smbc Fiduciary Assets
FiduciaryAssets
104800000
CY2023Q2 smbc Fiduciary Assets
FiduciaryAssets
102000000.0
CY2024Q1 us-gaap Assets Under Management Carrying Amount
AssetsUnderManagementCarryingAmount
480000000.0
CY2023Q2 us-gaap Assets Under Management Carrying Amount
AssetsUnderManagementCarryingAmount
464200000
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2024Q1 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest Before Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestBeforeAllowanceForCreditLoss
458069000
CY2024Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
2539000
CY2024Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
26919000
CY2024Q1 us-gaap Debt Securities Available For Sale Amortized Cost Allowance For Credit Loss Excluding Accrued Interest
DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest
0
CY2024Q1 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
433689000
CY2023Q2 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest Before Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestBeforeAllowanceForCreditLoss
445616000
CY2023Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
1494000
us-gaap Finite Lived Intangible Assets Amortization Method
FiniteLivedIntangibleAssetsAmortizationMethod
using the straight line method
CY2023 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss Fee And Loan In Process
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLossFeeAndLoanInProcess
3998414000
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss Fee And Loan In Process
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLossFeeAndLoanInProcess
3978393000
CY2024Q1 us-gaap Financing Receivable Loan In Process
FinancingReceivableLoanInProcess
226969000
CY2023Q2 us-gaap Financing Receivable Loan In Process
FinancingReceivableLoanInProcess
359196000
CY2024Q1 us-gaap Financing Receivable Unamortized Loan Commitment Origination Fee And Premium Discount
FinancingReceivableUnamortizedLoanCommitmentOriginationFeeAndPremiumDiscount
-251000
CY2023Q2 us-gaap Financing Receivable Unamortized Loan Commitment Origination Fee And Premium Discount
FinancingReceivableUnamortizedLoanCommitmentOriginationFeeAndPremiumDiscount
-299000
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
51336000
CY2023Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
47820000
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
3719858000
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
3571078000
smbc Number Of Purchased Participation Loans
NumberOfPurchasedParticipationLoans
69
CY2024Q1 smbc Purchased Participation Loans
PurchasedParticipationLoans
174600000
CY2023 smbc Number Of Purchased Participation Loans
NumberOfPurchasedParticipationLoans
86
CY2023Q2 smbc Purchased Participation Loans
PurchasedParticipationLoans
155600000
CY2024Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
900000
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
2700000
CY2023Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
10100000
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
16300000
CY2023Q1 smbc Allowance For Credit Loss Exclusive Of Impact From Acquisition
AllowanceForCreditLossExclusiveOfImpactFromAcquisition
3100000
smbc Allowance For Credit Loss Exclusive Of Impact From Acquisition
AllowanceForCreditLossExclusiveOfImpactFromAcquisition
9300000
CY2023Q1 smbc Financing Receivable Allowance For Credit Loss Exclusive Of Impact From Acquisition
FinancingReceivableAllowanceForCreditLossExclusiveOfImpactFromAcquisition
2000000.0
smbc Financing Receivable Allowance For Credit Loss Exclusive Of Impact From Acquisition
FinancingReceivableAllowanceForCreditLossExclusiveOfImpactFromAcquisition
6600000
CY2023Q1 smbc Off Balance Sheet Credit Exposure Exclusive Of Impact From Acquisition
OffBalanceSheetCreditExposureExclusiveOfImpactFromAcquisition
1100000
smbc Off Balance Sheet Credit Exposure Exclusive Of Impact From Acquisition
OffBalanceSheetCreditExposureExclusiveOfImpactFromAcquisition
2700000
smbc Net Charge Offs As Percentage Of Average Loans Outstanding
NetChargeOffsAsPercentageOfAverageLoansOutstanding
0.0005
CY2023Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
47820000
us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
4850000
us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff
1430000
us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Recovery
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRecovery
96000
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
51336000
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
50084000
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
1358000
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff
114000
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Recovery
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRecovery
8000
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
51336000
CY2022Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
33192000
us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
11800000
us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff
453000
us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Recovery
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRecovery
25000
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
45685000
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
37483000
CY2023Q1 us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
7185000
CY2023Q1 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff
113000
CY2023Q1 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Recovery
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRecovery
9000
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
45685000
CY2023Q2 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
6288000
us-gaap Off Balance Sheet Credit Loss Liability Credit Loss Expense Reversal
OffBalanceSheetCreditLossLiabilityCreditLossExpenseReversal
-2150000
CY2024Q1 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
4138000
CY2023Q4 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
4596000
CY2024Q1 us-gaap Off Balance Sheet Credit Loss Liability Credit Loss Expense Reversal
OffBalanceSheetCreditLossLiabilityCreditLossExpenseReversal
-458000
CY2024Q1 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
4138000
CY2022Q2 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
3358000
us-gaap Off Balance Sheet Credit Loss Liability Credit Loss Expense Reversal
OffBalanceSheetCreditLossLiabilityCreditLossExpenseReversal
4466000
CY2023Q1 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
7824000
CY2022Q4 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
4937000
CY2023Q1 us-gaap Off Balance Sheet Credit Loss Liability Credit Loss Expense Reversal
OffBalanceSheetCreditLossLiabilityCreditLossExpenseReversal
2887000
CY2023Q1 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
7824000
us-gaap Financing Receivable Excluding Accrued Interest Year One Originated Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestYearOneOriginatedCurrentFiscalYearWriteoff
7000
us-gaap Financing Receivable Excluding Accrued Interest Year Two Originated Fiscal Year Before Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYearWriteoff
778000
us-gaap Financing Receivable Excluding Accrued Interest Year Three Originated Two Years Before Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestYearThreeOriginatedTwoYearsBeforeCurrentFiscalYearWriteoff
355000
us-gaap Financing Receivable Excluding Accrued Interest Year Four Originated Three Years Before Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestYearFourOriginatedThreeYearsBeforeCurrentFiscalYearWriteoff
247000
us-gaap Financing Receivable Excluding Accrued Interest Originated More Than Five Years Before Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestOriginatedMoreThanFiveYearsBeforeCurrentFiscalYearWriteoff
43000
us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff
1430000
smbc Credit Quality Indicators Threshold Of Lending Relationships Annual Credit Analysis
CreditQualityIndicatorsThresholdOfLendingRelationshipsAnnualCreditAnalysis
3000000
smbc Credit Quality Indicators Minimum Loan Relationships Subject To Independent Loan Review
CreditQualityIndicatorsMinimumLoanRelationshipsSubjectToIndependentLoanReview
1000000
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest Year One Originated Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearOneOriginatedCurrentFiscalYear
567091000
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest Year Two Originated Fiscal Year Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYear
994426000
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest Year Three Originated Two Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearThreeOriginatedTwoYearsBeforeCurrentFiscalYear
869410000
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest Year Four Originated Three Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFourOriginatedThreeYearsBeforeCurrentFiscalYear
553357000
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest Year Five Originated Four Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFiveOriginatedFourYearsBeforeCurrentFiscalYear
181130000
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest Originated More Than Five Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestOriginatedMoreThanFiveYearsBeforeCurrentFiscalYear
219638000
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest Revolving
FinancingReceivableExcludingAccruedInterestRevolving
386393000
CY2024Q1 smbc Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss Fee After Loan In Process
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLossFeeAfterLoanInProcess
3771445000
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest Year One Originated Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearOneOriginatedCurrentFiscalYear
1112842000
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest Year Two Originated Fiscal Year Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYear
969065000
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest Year Three Originated Two Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearThreeOriginatedTwoYearsBeforeCurrentFiscalYear
623440000
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest Year Four Originated Three Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFourOriginatedThreeYearsBeforeCurrentFiscalYear
213074000
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest Year Five Originated Four Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFiveOriginatedFourYearsBeforeCurrentFiscalYear
108106000
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest Originated More Than Five Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestOriginatedMoreThanFiveYearsBeforeCurrentFiscalYear
195293000
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest Revolving
FinancingReceivableExcludingAccruedInterestRevolving
397377000
CY2023Q2 smbc Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss Fee After Loan In Process
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLossFeeAfterLoanInProcess
3619197000
CY2024Q1 smbc Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss Fee After Loan In Process
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLossFeeAfterLoanInProcess
3771445000
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest90 Days Or More Past Due Still Accruing
FinancingReceivableExcludingAccruedInterest90DaysOrMorePastDueStillAccruing
81000
CY2023Q2 smbc Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss Fee After Loan In Process
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLossFeeAfterLoanInProcess
3619197000
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest90 Days Or More Past Due Still Accruing
FinancingReceivableExcludingAccruedInterest90DaysOrMorePastDueStillAccruing
109000
CY2024Q1 smbc Financing Receivable Purchased With Credit Deterioration90 Days Or More Past Due Non Accrual Number Of Contracts
FinancingReceivablePurchasedWithCreditDeterioration90DaysOrMorePastDueNonAccrualNumberOfContracts
0
CY2023Q2 smbc Financing Receivable Purchased With Credit Deterioration90 Days Or More Past Due Non Accrual Number Of Contracts
FinancingReceivablePurchasedWithCreditDeterioration90DaysOrMorePastDueNonAccrualNumberOfContracts
0
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest Nonaccrual
FinancingReceivableExcludingAccruedInterestNonaccrual
7329000
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest Nonaccrual
FinancingReceivableExcludingAccruedInterestNonaccrual
7543000
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest Nonaccrual No Allowance
FinancingReceivableExcludingAccruedInterestNonaccrualNoAllowance
0
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest Modified Accumulated
FinancingReceivableExcludingAccruedInterestModifiedAccumulated
0
smbc Performing Financing Receivable Modifications Number Of Contracts
PerformingFinancingReceivableModificationsNumberOfContracts
2
us-gaap Financing Receivable Excluding Accrued Interest Modified Period
FinancingReceivableExcludingAccruedInterestModifiedPeriod
859000
us-gaap Financing Receivable Modification To Total Financing Receivables Percent
FinancingReceivableModificationToTotalFinancingReceivablesPercent
0.0066
smbc Financing Receivable Modifications Number Of Contract
FinancingReceivableModificationsNumberOfContract
0
CY2023Q1 smbc Financing Receivable Modifications Number Of Contract
FinancingReceivableModificationsNumberOfContract
0
CY2024Q1 us-gaap Foreclosed Assets
ForeclosedAssets
0
CY2023Q2 us-gaap Foreclosed Assets
ForeclosedAssets
0
CY2024Q1 us-gaap Land
Land
15380000
CY2023Q2 us-gaap Land
Land
15415000
CY2024Q1 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
83982000
CY2023Q2 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
79661000
CY2024Q1 us-gaap Construction In Progress Gross
ConstructionInProgressGross
347000
CY2023Q2 us-gaap Construction In Progress Gross
ConstructionInProgressGross
450000
CY2024Q1 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
27095000
CY2023Q2 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
26404000
CY2024Q1 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
112000
CY2023Q2 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
122000
CY2024Q1 us-gaap Property Subject To Or Available For Operating Lease Gross
PropertySubjectToOrAvailableForOperatingLeaseGross
6859000
CY2023Q2 us-gaap Property Subject To Or Available For Operating Lease Gross
PropertySubjectToOrAvailableForOperatingLeaseGross
6125000
CY2024Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
133775000
CY2023Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
128177000
CY2024Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
37974000
CY2023Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
35780000
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
95801000
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
92397000
CY2024Q1 us-gaap Number Of Properties Subject To Ground Leases
NumberOfPropertiesSubjectToGroundLeases
13
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
215000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
806000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
754000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
742000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
728000
CY2024Q1 smbc Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
8930000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
12175000
CY2024Q1 smbc Income Recognized From Lessor Agreements
IncomeRecognizedFromLessorAgreements
79000
smbc Income Recognized From Lessor Agreements
IncomeRecognizedFromLessorAgreements
212000
CY2023Q1 smbc Income Recognized From Lessor Agreements
IncomeRecognizedFromLessorAgreements
39000
smbc Income Recognized From Lessor Agreements
IncomeRecognizedFromLessorAgreements
171000
CY2024Q1 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
525959000
CY2023Q2 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
597600000
CY2024Q1 us-gaap Deposits Negotiable Order Of Withdrawal Now
DepositsNegotiableOrderOfWithdrawalNOW
1300358000
CY2023Q2 us-gaap Deposits Negotiable Order Of Withdrawal Now
DepositsNegotiableOrderOfWithdrawalNOW
1328423000
CY2024Q1 us-gaap Deposits Money Market Deposits
DepositsMoneyMarketDeposits
369653000
CY2023Q2 us-gaap Deposits Money Market Deposits
DepositsMoneyMarketDeposits
452728000
CY2024Q1 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
455212000
CY2023Q2 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
282753000
CY2024Q1 smbc Certificate Of Deposits
CertificateOfDeposits
1344328000
CY2023Q2 smbc Certificate Of Deposits
CertificateOfDeposits
1064036000
CY2024Q1 us-gaap Deposits
Deposits
3995510000
CY2023Q2 us-gaap Deposits
Deposits
3725540000
CY2024Q1 us-gaap Interest Bearing Domestic Deposit Brokered
InterestBearingDomesticDepositBrokered
176900000
CY2023Q2 us-gaap Interest Bearing Domestic Deposit Brokered
InterestBearingDomesticDepositBrokered
146500000
CY2024Q1 us-gaap Profit Loss
ProfitLoss
11307000
CY2023Q1 us-gaap Profit Loss
ProfitLoss
2409000
us-gaap Profit Loss
ProfitLoss
36652000
us-gaap Profit Loss
ProfitLoss
23676000
CY2024Q1 us-gaap Distributed Earnings
DistributedEarnings
12000
CY2023Q1 us-gaap Distributed Earnings
DistributedEarnings
10000
us-gaap Distributed Earnings
DistributedEarnings
37000
us-gaap Distributed Earnings
DistributedEarnings
31000
CY2024Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
46000
CY2023Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
8000
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
151000
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
89000
CY2024Q1 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
11249000
CY2023Q1 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
2391000
us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
36464000
us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
23556000
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11301577
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10843689
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11298174
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9739673
CY2024Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
10971
CY2023Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
14652
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
9260
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
20459
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11312548
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10858341
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11307434
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9760132
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.00
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.22
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.23
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.42
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.99
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.22
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.22
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.41
us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
0
CY2024Q1 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2417000
CY2023Q1 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2572000
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
9077000
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
8269000
CY2024Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
420000
CY2023Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1994000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
420000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1981000
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2837000
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
578000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9497000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6288000
CY2024Q1 smbc Deferred Tax Assets Provision For Losses On Loans
DeferredTaxAssetsProvisionForLossesOnLoans
12070000
CY2023Q2 smbc Deferred Tax Assets Provision For Losses On Loans
DeferredTaxAssetsProvisionForLossesOnLoans
12101000
CY2024Q1 smbc Deferred Tax Assets Accrued Compensation And Benefits
DeferredTaxAssetsAccruedCompensationAndBenefits
969000
CY2023Q2 smbc Deferred Tax Assets Accrued Compensation And Benefits
DeferredTaxAssetsAccruedCompensationAndBenefits
974000
CY2024Q1 smbc Deferred Tax Assets Nol Carry Forwards Acquired
DeferredTaxAssetsNolCarryForwardsAcquired
123000
CY2023Q2 smbc Deferred Tax Assets Nol Carry Forwards Acquired
DeferredTaxAssetsNolCarryForwardsAcquired
709000
CY2024Q1 smbc Deferred Tax Assets Low Income Tax Credit Carryforward
DeferredTaxAssetsLowIncomeTaxCreditCarryforward
595000
CY2023Q2 smbc Deferred Tax Assets Low Income Tax Credit Carryforward
DeferredTaxAssetsLowIncomeTaxCreditCarryforward
1192000
CY2024Q1 smbc Deferred Tax Assets Unrealized Loss On Other Real Estate
DeferredTaxAssetsUnrealizedLossOnOtherRealEstate
949000
CY2023Q2 smbc Deferred Tax Assets Unrealized Loss On Other Real Estate
DeferredTaxAssetsUnrealizedLossOnOtherRealEstate
818000
CY2024Q1 us-gaap Deferred Tax Assets Unrealized Losses On Availablefor Sale Securities Gross
DeferredTaxAssetsUnrealizedLossesOnAvailableforSaleSecuritiesGross
5363000
CY2023Q2 us-gaap Deferred Tax Assets Unrealized Losses On Availablefor Sale Securities Gross
DeferredTaxAssetsUnrealizedLossesOnAvailableforSaleSecuritiesGross
6174000
CY2024Q1 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
20069000
CY2023Q2 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
21968000
CY2024Q1 smbc Deferred Tax Liabilities Purchase Accounting Adjustments
DeferredTaxLiabilitiesPurchaseAccountingAdjustments
2449000
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