Security Midwest Bancorp, Inc. is a bank holding company that conducts its operations primarily through its wholly owned subsidiary, Security Bank. As of December 31, 2025, the company reported consolidated total assets of $256.6 million, consisting of $117.8 million in loans, $196.5 million in deposits, and shareholders’ equity of $22.6 million. For the year ended December 31, 2025, net income amounted to $299,000. Security Bank attracts retail deposits from the general public and cannabis‑related business customers and invests those funds in one‑to‑four‑family residential real estate loans, commercial real estate loans, commercial and industrial loans, and debt securities such as mortgage‑backed and municipal bonds. The bank operates three offices in Springfield, Illinois, and serves a market area that includes Sangamon County and contiguous counties for traditional banking, while its cannabis‑related deposit activity spans Illinois, Michigan, Ohio, Kentucky, and is authorized in Missouri.

The company’s revenue is derived principally from interest income earned on its loan and investment securities portfolios. At year‑end 2025, the loan portfolio comprised $35.1 million in one‑to‑four‑family residential real estate loans (29.5% of total loans), $54.4 million in commercial real estate loans (45.7%), $12.6 million in commercial and industrial loans (10.5%), and smaller balances in multifamily, construction, farmland, and consumer loans. Interest on these loans, together with yields on debt securities such as residential mortgage‑backed and collateralized mortgage obligations, generates the core of earnings. Fee‑based revenue includes service charges on deposit accounts, cash‑management fees from cannabis organizations, and other banking fees such as overdraft and loan‑origination charges. As a holding company, Security Midwest Bancorp also receives dividends distributed by its subsidiary, Security Bank, which contribute to its net income.

Security Midwest Bancorp competes within a fragmented financial services market that includes large money‑center and regional banks, numerous community banks and credit unions, savings institutions, mortgage banking firms, consumer finance companies, and fintech providers. In Sangamon County, the bank held a 2.19% share of FDIC‑insured deposits as of June 30, 2025, ranking it 11th among 25 institutions operating in the county. Its competitive strengths lie in a community‑oriented business model, personalized customer service, and a specialized focus on banking for cannabis‑related businesses, a niche that many traditional banks either avoid or serve only limitedly. The company’s ability to maintain asset quality while expanding its commercial real estate and commercial and industrial lending further supports its position relative to peers.

The company serves a broad customer base that includes individual retail depositors seeking traditional banking products, small businesses and professional practices such as accountants, law firms, and medical offices, and cannabis‑related enterprises operating in the states of Illinois, Michigan, Ohio, Kentucky, and authorized in Missouri. Deposit offerings consist of non‑interest‑bearing demand deposits, interest‑bearing demand and money‑market accounts, savings accounts, and certificates of deposit, catering to both personal and commercial clients. As of December 31, 2025, the bank had approximately 104 depositors with uninsured deposits, each averaging about $840,000, indicating a significant portion of its funding comes from larger corporate and institutional customers. No specific customer names are disclosed in the filing.