Security Midwest Bancorp, Inc.
SBMW
Other OTC16.99
USD
- -
- -
Security Midwest Bancorp, Inc.
SBMW
(Other OTC)
Recent
price
16.99
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Security Midwest Bancorp, Inc. (OTCQB: SBMW) operates as a bank holding company for its wholly owned subsidiary, Security Bank, s.b., a state-chartered savings bank that provides a range of retail and commercial banking products and services primarily to customers in Sangamon County and central Illinois. Security Bank offers deposit products including savings accounts, checking accounts, demand deposit accounts, money market accounts, and certificates of deposit; lending products such as one- to four-family residential real estate loans, commercial real estate loans, commercial and industrial loans, multi-family residential real estate loans, construction and development loans, farmland loans, consumer loans, mortgages, and auto loans; and additional fee-based services comprising credit and debit cards, safe deposit boxes, online bill pay, digital banking, and mobile banking. The bank maintains a network of branches in Springfield, Illinois, including locations on Monroe Street, Stevenson Drive, and Chatham Road, and focuses on personal and business customers with competitive credit solutions and innovative deposit services. Founded in 1906 and headquartered at 510 East Monroe Street in Springfield, Illinois, the company traces its roots to 1874 through its subsidiary's charter and emphasizes community-focused banking without external stockholder pressures prior to its recent reorganization. In a major strategic shift, Security Bank completed its conversion from a mutual to stock form of organization on July 31, 2025, becoming a wholly owned subsidiary of Security Midwest Bancorp, which simultaneously concluded its initial public offering by selling 889,781 shares of common stock at $10.00 per share for gross proceeds of approximately $8.9 million, including shares allocated to the bank's Employee Stock Ownership Plan. This reorganization enhances the company's capital base, enabling expanded growth, innovation, and reinvestment in customers, employees, and the local community while preserving its longstanding commitment to central Illinois markets.