October 9, 2024

Stephan P. Antonacci
President and Chief Executive Officer
Security Midwest Bancorp, Inc.
510 E. Monroe
Springfield, IL 62701

       Re: Security Midwest Bancorp, Inc.
           Registration Statement on Form S-1
           Filed September 12, 2024
           File No. 333-282067
Dear Stephan P. Antonacci:

       We have reviewed your registration statement and have the following
comments.

        Please respond to this letter by amending your registration statement
and providing
the requested information. If you do not believe a comment applies to your
facts and
circumstances or do not believe an amendment is appropriate, please tell us why
in your
response.

       After reviewing any amendment to your registration statement and the
information
you provide in response to this letter, we may have additional comments.

Form S-1 filed September 12, 2024
General

1.     Please provide us with supplemental copies of all written communication,
as defined
       under the Securities Act, that you, or anyone authorized to do so on
your behalf, have
       presented or expect to present to potential investors in reliance on
Section 5(d) of the
       Securities Act, whether or not you retained, or intend to retain, copies
of those
       communications.
Summary, page 3

2.     We note your disclosure on page 116 that depositors of Security Bank
have voting
       rights as to all matters requiring a vote of members, and that upon
completion of the
       conversion, depositors will no longer have voting rights. Please
disclose this in
       the summary section or include a cross-reference to this section.
 October 9, 2024
Page 2

We intend to increase the origination of commercial real estate loans, page 20

3.     Please revise this risk factor to discuss, as appropriate, the factors
that impact the
       current Sangamon County, Illinois market area in which you focus. For
instance,
       discuss any changes in occupancy for office, industrial or retail real
estate. Discuss the
       extent to which the ability to compete in this area is dependent on
existing
       relationships, and how this might impact your business strategy to
increase your
       commercial real estate loan portfolio. Consider making appropriate
changes to your
       MD&A, business and/or other risk factors based upon your response.
How we intend to use the proceeds from the offering , page 43

4.     Please revise here to clarify that you will not close the offering if
you do not sell the
       "minimum of 807,500 shares", as stated on the cover page. Additionally,
please advise
       us if you will use an escrow consistent with Rule 10b-9.
5.     Consistent with your disclosure on page 19, please expand your
disclosure here and
       on page 7 when discussing the $1.8 million costs associated with the
planned
       withdrawal from the multiple employer defined benefit pension plan to
clarify
       that actual cost could be significantly higher than the estimated cost
provided by the
       plan administrator.
Liquidity and Capital Resources, page 71

6.     Please revise your disclosures to define the liquidity ratio and how it
is calculated.
Cannabis Banking, page 75

7.     We note disclosure on page 75 that as of June 30, 2024, loan balances
from CRB
       customers and their associated real estate entities were approximately
$14.8 million of
       your total loan portfolio. However, we also note disclosure on page 5
that loan
       balances from CRB customers were approximately $20.3 million of your
total loan
       portfolio as of June 30, 2024. Please revise your disclosures for
consistency.
Allowance for Credit Losses, page 86

8.     Please revise your filing to disclose net charge-offs to average loans
outstanding
       during the period for the both six month periods ended June 30, 2024 and
June 30,
       2023 on an annualized basis.
        We remind you that the company and its management are responsible for
the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action
or absence
of action by the staff.

       Refer to Rules 460 and 461 regarding requests for acceleration. Please
allow adequate
time for us to review any amendment prior to the requested effective date of
the registration
statement.

       Please contact Michael Henderson at 202-551-3364 or John Spitz at
202-551-3484 if
you have questions regarding comments on the financial statements and related
 October 9, 2024
Page 3

matters. Please contact John Stickel at 202-551-3324 or Eric Envall at
202-551-3234 with
any other questions.



                                                          Sincerely,

                                                          Division of
Corporation Finance
                                                          Office of Finance