Security Bancorp reports Q1 net income of $1.4M, up from $1.0M, driven by higher net interest income and deposits.

Security Bancorp, Inc. announced a net income of $1.4 million for Q1 2026, up from $1.0 million in Q1 2025, with earnings per share rising to $3.81 from $2.73. The increase was driven by a 26.4% rise in net interest income to $3.6 million, supported by higher total interest income and lower interest expenses due to reduced rates and deposits. Deposits grew 4.5% to $331.1 million, while loans receivable increased by 2.7% to $308 million. Despite a slight rise in non-performing assets and credit loss provisions, the company maintains a strong allowance for loan losses. Total assets slightly decreased to $378.7 million, and stockholders' equity improved to $43.3 million. These results reflect solid financial health and growth prospects for the bank.