SBMW · Security Midwest Bancorp, Inc.

This Form 10-K/A serves exclusively as a regulatory compliance update, addressing the SEC’s requirement that certain governance and compensation disclosures — specifically Items 10 through 14 — be included in the annual report. As stated in the Explanatory Note, 'This Amendment does not change the previously reported financial statements or any other disclosure contained in Part I or Part II.' That means the audited balance sheet, income statement, cash flow statement, and all accompanying notes from the original FY2025 filing remain fully authoritative and unaltered. There are no revisions to revenue recognition policies, loan loss reserve methodologies, capital adequacy calculations, or segment reporting — because none were warranted or undertaken.

The amendment’s sole purpose is structural: to incorporate disclosures that were omitted from the initial filing but are mandatory for full SEC compliance. These include director qualifications and independence determinations (Item 10), executive compensation tables and narratives (Item 11), security ownership of certain beneficial owners and management (Item 12), certain relationships and related-party transactions (Item 13), and principal accountant fees and services (Item 14). Critically, the inclusion of these items does not imply new activity or evolving practices — rather, it reflects formal documentation of existing arrangements and longstanding board composition.

Governance remains anchored in local economic fluency: seven of nine directors bring direct, on-the-ground experience in Springfield’s core sectors — banking, real estate, healthcare, and nonprofit economic development. This alignment supports the bank’s mission-driven approach to credit underwriting and community reinvestment, particularly in commercial real estate and small business lending where regional insight directly informs risk assessment. The board’s composition is not a transitional feature but an enduring strategic choice, consistently reflected across prior filings and reinforced by this amendment’s disclosures.

Because no financial metrics, assumptions, or estimates were modified, there are no implications for trend analysis, capital planning, or earnings quality. Investors should rely entirely on the original FY2025 financial statements when assessing performance, asset quality, or liquidity. The amendment introduces no new forward-looking statements, no updated guidance, and no changes to internal controls over financial reporting — all of which remain as described in the initial filing. In essence, this is a disclosure completion exercise, not a financial event — ensuring transparency on governance structure while preserving the integrity and continuity of the reported financial record.