Security Bancorp Q3 net income rises 12% to $1.66 million

Bitget2026/11/05 16:29

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Security Bancorp’s third-quarter net income rose 12% year over year to $1.66 million.
Quarterly net interest income climbed 15% year over year to $3.97 million, primarily due to loan growth, higher loan rates and lower interest expense.
Nine-month provision for credit losses more than tripled year over year to $135,000 due to significant loan growth.
Non-performing assets increased to $947,000 at September 30, 2026, from December 31, 2025, due to increased real estate owned.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Security Bancorp Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202611051128PRIMZONEFULLFEED9871458) on November 05, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Security Bancorp Q3 net income rises 12% to $1.66 million

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