{"filings":[{"id":114836,"accession_number":"0001437749-26-002479","cik":818677,"company_name":"SECURITY FEDERAL CORP","ticker":"SFDL","form_type":"8-K","filed_at":"2026-01-30T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Security Federal Q4 EPS $1.24 vs $0.94; full-year $3.80 vs $2.77","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 2025 net income available to common $3.9M ($1.24/share) vs $3.0M ($0.94) in Q4 2024.","Full-year 2025 net income available to common $12.0M ($3.80/share) vs $8.9M ($2.77) in 2024.","Net interest income rose 11.5% to $12.6M in Q4, driven by lower interest expense.","Recorded $235K reversal of provision for credit losses in 2025 vs. $1.4M provision in 2024; NPAs fell to $5.8M.","Common equity book value per share increased to $37.74 from $31.21 a year ago."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":114449328.61571641,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":131222,"accession_number":"0001437749-25-032126","cik":818677,"company_name":"SECURITY FEDERAL CORP","ticker":"SFDL","form_type":"8-K","filed_at":"2025-10-29T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Security Federal Q3 net income up 61% to $3.2M ($1.01 EPS) YoY","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income available to common shareholders $3.2M vs $2.0M YoY; EPS $1.01 vs $0.62.","Net interest income rose 16% to $12.1M; provision for credit losses reversed $200K.","Non-performing assets fell to $5.7M from $7.6M at Dec 31, 2024; credit quality improved.","Deposits increased 8.6% YoY to $1.37B; borrowings down 58% after repaying Fed borrowings.","Common equity book value per share rose to $35.80 from $31.97 a year ago."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":114449328.61571641,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":147812,"accession_number":"0000939057-25-000237","cik":818677,"company_name":"SECURITY FEDERAL CORP","ticker":"SFDL","form_type":"8-K","filed_at":"2025-08-22T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Security Federal Corp. to deregister SEC reporting; will file Form 15 by Dec. 31, 2025","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Company intends to file Form 15 with SEC on/around December 31, 2025 to terminate registration.","Decision driven by conclusion that costs and regulatory compliance burden outweigh benefits of SEC reporting.","After filing, obligation to file periodic reports (10-K, 10-Q, 8-K) will be suspended; termination effective 90 days later.","Company will still provide annual report with audited financials; quarterly info on website; FDIC Call Reports continue."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":114449328.61571641,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":147811,"accession_number":"0001437749-25-023892","cik":818677,"company_name":"SECURITY FEDERAL CORP","ticker":"SFDL","form_type":"8-K","filed_at":"2025-07-30T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Security Federal Q2 net income up 12% YoY to $0.75/sh; no credit provision","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income available to common shareholders of $2.4M ($0.75/sh) for Q2 2025, vs $2.1M ($0.66/sh) in Q2 2024.","Net interest income rose 11.1% to $11.3M; non-interest income up 5.7% to $2.6M.","No provision for credit losses recorded in Q2 2025 vs $175k in Q2 2024; non-performing assets fell to 0.37% of assets.","Deposits increased 4.5% to $1.38B; borrowings reduced 57.4% to $39.6M from year-end 2024.","Common equity book value per share rose to $34.02 from $31.21 at Dec 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":114449328.61571641,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":166511,"accession_number":"0000939057-25-000138","cik":818677,"company_name":"SECURITY FEDERAL CORP","ticker":"SFDL","form_type":"8-K","filed_at":"2025-05-13T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Shareholders elect four directors; say-on-pay passes with 92%","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Thomas L. Moore, J. Chris Verenes, Richard T. Harmon, and Frampton W. Toole III elected as directors for three-year terms.","Say-on-pay proposal approved by 92% of shares present (2,250,074 for, 160,399 against, 26,910 abstain).","Quorum of 2,437,383 shares present out of 3,186,093 outstanding.","Seven incumbent directors continue their terms."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":114449328.61571641,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":166510,"accession_number":"0001437749-25-013723","cik":818677,"company_name":"SECURITY FEDERAL CORP","ticker":"SFDL","form_type":"8-K","filed_at":"2025-04-30T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Security Federal Q1 net income rises to $2.6M ($0.81/share) from $1.8M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income available to common shareholders $2.6M ($0.81 per share), up from $1.8M ($0.54) in Q1 2024.","Net interest income increased 12.5% to $11.2M; no provision for credit losses recorded vs $335k in prior year.","Non-interest income rose 5.3% to $2.4M; non-interest expense increased 2.1% to $9.8M.","Total assets $1.58B, deposits $1.35B (+1.6% QoQ); borrowings reduced 57.6% to $39.4M.","Non-performing assets to total assets 0.46%; allowance for credit losses at 1.99% of gross loans."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":114449328.61571641,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":183937,"accession_number":"0001437749-25-008512","cik":818677,"company_name":"SECURITY FEDERAL CORP","ticker":"SFDL","form_type":"8-K","filed_at":"2025-03-20T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Security Federal declares $0.10 special dividend, payable April 15","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Special cash dividend of $0.10 per share declared by Board of Directors.","Record date March 31, 2025; payable April 15, 2025.","CEO cites continued profitability as basis for the special dividend.","Future dividends will depend on Board's assessment of financial condition."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":114449328.61571641,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":183936,"accession_number":"0001437749-25-002407","cik":818677,"company_name":"SECURITY FEDERAL CORP","ticker":"SFDL","form_type":"8-K","filed_at":"2025-01-31T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Security Federal Q4 net income down 17% to $0.94/share; full-year EPS falls to $2.77","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 2024 net income available to common shareholders was $3.0M ($0.94 EPS) vs $3.6M ($1.12 EPS) in Q4 2023.","Full-year 2024 net income available to common shareholders was $8.9M ($2.77 EPS) vs $10.2M ($3.14 EPS) in 2023.","Provision for credit losses surged to $1.4M in 2024 from $246K in 2023, pressuring earnings.","Net interest income rose 7.8% in Q4 to $11.3M; total assets grew 4% to $1.6B year-over-year.","Non-performing assets increased to $7.6M (0.47% of assets) from $6.8M (0.44%) a year earlier."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":114449328.61571641,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":183935,"accession_number":"0001437749-25-001102","cik":818677,"company_name":"SECURITY FEDERAL CORP","ticker":"SFDL","form_type":"8-K","filed_at":"2025-01-14T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Security Federal gets option to buy back Treasury-held ECIP preferred stock at discount","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Option to repurchase all 82,949 ECIP preferred shares during first 15 years from May 24, 2022 original closing.","Purchase price based on present value formula; company expects substantial discount from face value.","Exercise during first 10 years requires meeting one of three lending thresholds; company currently meets none.","Earliest possible threshold satisfaction June 30, 2026; current dividend rate 2.0%.","Company may designate a Mission Aligned Nonprofit Affiliate as purchaser under the option."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":114449328.61571641,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":200531,"accession_number":"0001437749-24-032557","cik":818677,"company_name":"SECURITY FEDERAL CORP","ticker":"SFDL","form_type":"8-K","filed_at":"2024-10-30T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Security Federal Q3 net income slips to $0.62/share from $0.65; provision for credit losses rises","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income available to common shareholders fell to $2.0M ($0.62/share) from $2.1M ($0.65) in Q3 2023.","Net interest income rose 10.2% to $10.4M, but provision for credit losses increased to $580k from zero.","Year-to-date net income available to common down 10.6% to $5.9M ($1.83/share) vs $6.6M ($2.02).","Total assets grew 6.7% YoY to $1.58B; deposits up 5.2% to $1.26B.","Borrowings decreased $49.1M to $121M due to repayment of Federal Reserve Term Funding Program."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":114449328.61571641,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":200530,"accession_number":"0001437749-24-031465","cik":818677,"company_name":"SECURITY FEDERAL CORP","ticker":"SFDL","form_type":"8-K","filed_at":"2024-10-17T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Security Federal Corp to redeem all $16.5M of 5.25% subordinated notes on Nov 22, 2024","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Aggregate principal of $16.5M of 5.25% Fixed-to-Floating Rate Subordinated Notes due 2029 to be redeemed.","Redemption at 100% of principal plus accrued interest; payment in cash from excess cash on hand.","Redemption date is November 22, 2024; interest ceases accrual on that date.","All outstanding notes will be called; total redemption price excludes interest beyond redemption date."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":114449328.61571641,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":216546,"accession_number":"0001437749-24-027157","cik":818677,"company_name":"SECURITY FEDERAL CORP","ticker":"SFDL","form_type":"8-K","filed_at":"2024-08-19T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Security Federal Corp expands stock repurchase authorization by 100,000 shares","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board authorized an additional 100,000 shares for repurchase; total program now 135,276 shares (including 35,276 remaining from prior).","Repurchases will be made at management's discretion based on market conditions, stock price, and alternative uses of capital.","No guarantee as to exact number of shares repurchased; program may be suspended or modified at any time."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":114449328.61571641,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":216545,"accession_number":"0001437749-24-023691","cik":818677,"company_name":"SECURITY FEDERAL CORP","ticker":"SFDL","form_type":"8-K","filed_at":"2024-07-29T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Security Federal Q2 net income rises to $2.1M, or $0.66 per share","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q2 net income available to common shareholders $2.1M ($0.66 per share), up from $1.8M ($0.55) a year ago.","Net interest income grew 11.6% YoY to $10.2M, driven by higher market rates and earning asset growth.","Total assets reached $1.5B, up 4.8% YoY; net loans grew $32.7M in H1 to $655.2M.","Non-performing assets were $7.1M (0.46% of assets); allowance for credit losses at 1.95% of gross loans.","Year-to-date net income fell to $3.9M ($1.20 per share) from $4.5M ($1.37) due to higher provision and expenses."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":114449328.61571641,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":236193,"accession_number":"0000939057-24-000126","cik":818677,"company_name":"SECURITY FEDERAL CORP","ticker":"SFDL","form_type":"8-K","filed_at":"2024-05-14T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Security Federal Corporation announces annual meeting results; all director nominees elected","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Timothy W. Simmons, Harry O. Weeks Jr., and Roy G. Lindburg elected as directors for three-year terms expiring 2027.","Say-on-pay advisory vote approved with 93% of votes cast in favor.","Total of 2,352,294 shares represented at meeting (72.8% of outstanding shares)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":114449328.61571641,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":236192,"accession_number":"0001437749-24-013566","cik":818677,"company_name":"SECURITY FEDERAL CORP","ticker":"SFDL","form_type":"8-K","filed_at":"2024-04-29T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Security Federal Q1 net income falls 34% to $1.8M; EPS $0.54 vs $0.82","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income of $1.8M vs $2.7M YoY; diluted EPS $0.54 vs $0.82; net interest income down 2.6%.","Net interest income $10.0M; interest expense surged 119.8% to $8.7M, outpacing interest income growth of 31.7%.","Provision for credit losses $335K vs $0 YoY; non-interest expense up 6.7% to $9.6M.","Total assets $1.5B, up $112M YoY; net loans receivable $646.0M, up $71.6M YoY.","Borrowings decreased $44.7M to $125.4M; deposits increased 8.8% YoY to $1.2B; non-performing assets stable at 0.44%."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":114449328.61571641,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":253894,"accession_number":"0001437749-24-003074","cik":818677,"company_name":"SECURITY FEDERAL CORP","ticker":"SFDL","form_type":"8-K","filed_at":"2024-02-05T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Security Federal Q4 EPS $1.12, up 10% YoY; 2023 EPS $3.14 flat","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 net income $3.6M ($1.12/sh) vs $3.3M ($1.01/sh) in Q4 2022.","Full-year net income $10.2M ($3.14/sh) unchanged YoY; net interest income up 4.5% to $39.2M.","Non-interest income Q4 up 28.9% to $2.8M on grant & trust revenue.","Total assets $1.55B (+12.2%); deposits $1.19B (+7.6%); borrowings up 64.6% to $170M.","CECL adoption reduced retained earnings $1.6M; NPAs 0.44% of assets, allowance to loans 1.98%."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":114449328.61571641,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":253893,"accession_number":"0000939057-24-000006","cik":818677,"company_name":"SECURITY FEDERAL CORP","ticker":"SFDL","form_type":"8-K","filed_at":"2024-01-10T23:59:59+00:00","items":["5.03","9.01"],"status":"ready","headline":"Security Federal removes 70.5 age limit for officers in bylaw amendment","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Board approved deletion of Article V, Section 12 (Age Limitation – Officers) from Bylaws, effective January 4, 2024.","Previously, officers were subject to a 70.5-year age limit; the provision is eliminated entirely.","No fiscal year change or other bylaw amendments reported."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":114449328.61571641,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":271340,"accession_number":"0001437749-23-029362","cik":818677,"company_name":"SECURITY FEDERAL CORP","ticker":"SFDL","form_type":"8-K","filed_at":"2023-10-30T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Security Federal Q3 net income falls 34% to $2.1M; EPS $0.65 vs $0.99","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $2.1M ($0.65/share) vs $3.2M ($0.99/share) in Q3 2022, down 34%.","Net interest income fell 6.8% to $9.4M as interest expense surged 536% to $7.4M.","Total assets grew 8.7% YoY to $1.48B; deposits up 6.0% YoY to $1.19B.","Non-performing assets stable at $6.3M, 0.43% of total assets, vs $2.8M a year ago.","Year-to-date net income $6.6M ($2.02/share) vs $6.9M ($2.13/share) in prior period."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":114449328.61571641,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":288203,"accession_number":"0001437749-23-021134","cik":818677,"company_name":"SECURITY FEDERAL CORP","ticker":"SFDL","form_type":"8-K","filed_at":"2023-07-31T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Security Federal Q2 net income falls 18% to $1.8M; YTD earnings up $4.5M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q2 net income $1.8M ($0.55 EPS) vs $2.2M ($0.67 EPS) a year ago; YTD net income $4.5M ($1.37 EPS) vs $3.7M ($1.14 EPS).","Net interest income rose 6.8% to $9.1M; non-interest income fell 14.7% to $2.3M; non-interest expense up 5.7% to $8.9M.","Non-performing assets increased to $6.7M from $2.6M at June 30, 2022; provision for credit losses $221K vs $0.","Adopted CECL on Jan 1, 2023, reducing retained earnings by $1.6M; allowance for credit losses to gross loans 2.04%.","Total assets $1.47B (+$70M YoY); net loans $589.7M (+$86.7M YoY); deposits $1.18B (+$29.8M YoY)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":114449328.61571641,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":308655,"accession_number":"0000939057-23-000180","cik":818677,"company_name":"SECURITY FEDERAL CORP","ticker":"SFDL","form_type":"8-K","filed_at":"2023-06-23T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Security Federal Corporation authorizes stock repurchase of up to 3% of outstanding shares","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board adopted a repurchase program for up to ~3% of current outstanding shares.","Repurchases will be made at management's discretion based on market conditions and price.","Program may be suspended, terminated, or modified at any time for any reason.","No guarantee as to exact number of shares repurchased; timing and amount subject to multiple factors."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":114449328.61571641,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":308654,"accession_number":"0000939057-23-000157","cik":818677,"company_name":"SECURITY FEDERAL CORP","ticker":"SFDL","form_type":"8-K","filed_at":"2023-05-12T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Security Federal Corp. annual meeting re-elects directors; say-on-pay passes 94.1%; 1-year frequency wins.","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["All four director nominees elected with for votes ranging from 2.29M to 2.32M; broker non-votes of 369,912 on each.","Say-on-pay advisory vote approved: 94.10% of shares present voted for (2,307,944 for, 134,273 against, 10,307 abstain).","Say-on-pay frequency vote: 64.67% preferred 1 year, 23.55% for 3 years, 6.48% for 2 years; shareholders selected 1 year.","Total shares outstanding 3,253,210; quorum of 2,452,524 shares present at virtual annual meeting on May 11, 2023."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.15,"market_cap_usd":114449328.61571641,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":308653,"accession_number":"0000939057-23-000122","cik":818677,"company_name":"SECURITY FEDERAL CORP","ticker":"SFDL","form_type":"8-K","filed_at":"2023-04-28T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Security Federal Q1 net income rises 73% to $2.7M; EPS $0.82 vs $0.48 YoY","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $2.674M ($0.82 per share) vs $1.549M ($0.48) in Q1 2022; increase driven by net interest income growth.","Net interest income up 29.6% to $10.2M; interest income +63.4%, interest expense +399.9%.","Non-performing assets flat at $6.4M; allowance for credit losses to gross loans 2.07%.","Adopted CECL on Jan 1, 2023; net decrease to retained earnings of $1.6M from transition adjustment.","Total assets $1.406B, up $106.3M YoY; deposits stable at $1.1B; borrowings up 17.0% to $120.8M."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":114449328.61571641,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":327432,"accession_number":"0000939057-23-000027","cik":818677,"company_name":"SECURITY FEDERAL CORP","ticker":"SFDL","form_type":"8-K","filed_at":"2023-02-06T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Security Federal Q4 net income up 62% to $3.3M; full-year down 20% to $10.2M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 EPS $1.01 vs $0.62 prior year; net interest income +25.9% to $11.0M.","FY 2022 net income $10.2M ($3.14 EPS) vs $12.8M ($3.93 EPS) in 2021.","Non-performing assets rose to 1.15% of loans ($6.4M) vs 0.56% ($2.8M) a year ago.","Common equity book value fell to $23.76 from $35.51, driven by AOCI loss on securities.","Issued $82.9M ECIP preferred stock in May 2022; total assets $1.38B."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":114449328.61571641,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":345150,"accession_number":"0000939057-22-000319","cik":818677,"company_name":"SECURITY FEDERAL CORP","ticker":"SFDL","form_type":"8-K","filed_at":"2022-10-31T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Security Federal Q3 net income $3.2M ($0.99 EPS) down from $4.6M; book value falls to $22.64","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $3.2M ($0.99 EPS) vs $4.6M ($1.43 EPS) in Q3 2021, down 30.5% YoY.","Net interest income rose 14.9% to $10.1M; non-interest income fell 50.9% to $2.2M.","Book value per common share dropped to $22.64 from $35.51 at Dec 31, 2021 due to AOCI loss on securities.","No provision for loan losses in Q3 2022 vs negative $665K provision in Q3 2021; NPAs improved to 0.53%.","Company received $82.9M ECIP preferred stock investment from Treasury in May 2022 (82,949 shares)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":114449328.61571641,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":361616,"accession_number":"0000939057-22-000200","cik":818677,"company_name":"SECURITY FEDERAL CORP","ticker":"SFDL","form_type":"8-K","filed_at":"2022-07-29T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Security Federal Q2 net income falls to $2.2M; book value drops on ECIP preferred issuance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q2 net income $2.2M ($0.67/share) vs. $2.9M ($0.90) in Q2 2021; six-month net income $3.7M ($1.14) vs. $6.1M ($1.88).","Net interest income rose 10.4% to $8.5M; non-interest expense increased 13.2% to $8.4M.","No provision for loan losses in 2022 vs. $735k credit in Q2 2021; non-performing assets improved to $2.6M.","Issued 82,949 preferred shares for $82.9M under ECIP in May 2022; book value per common share fell to $25.81 from $35.51.","Total assets grew $100.9M to $1.4B; deposits up $33.7M to $1.1B."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":114449328.61571641,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":380981,"accession_number":"0000939057-22-000164","cik":818677,"company_name":"SECURITY FEDERAL CORP","ticker":"SFDL","form_type":"8-K","filed_at":"2022-06-08T23:59:59+00:00","items":["1.01","5.03","3.02","3.03","9.01"],"status":"ready","headline":"Security Federal receives $82.9M in ECIP preferred stock investment from Treasury","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Issued 82,949 shares of Series ECIP Non-Cumulative Perpetual Preferred Stock to U.S. Treasury for $82.949 million.","Preferred stock pays no dividend for first 24 months; thereafter annual rate up to 2% based on qualified lending targets.","Company may redeem preferred shares on or after fifth anniversary, subject to regulatory approval.","Dividend and share repurchase restrictions on common stock apply if preferred dividends are not paid in full.","Excessive or luxury expenditure policy must be adopted within 90 days of closing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":114449328.61571641,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":380980,"accession_number":"0000939057-22-000131","cik":818677,"company_name":"SECURITY FEDERAL CORP","ticker":"SFDL","form_type":"8-K","filed_at":"2022-05-03T23:59:59+00:00","items":[],"status":"ready","headline":"Security Federal Corp annual meeting elects 4 directors; say-on-pay approved","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Elected Thomas L. Moore, J. Chris Verenes, Richard T. Harmon, Frampton W. Toole III for three-year terms.","Advisory vote on executive compensation passed with 98.99% of votes cast in favor.","Quorum of 2,309,816 shares (71% of outstanding 3,252,884 shares) present at meeting."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":114449328.61571641,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":380979,"accession_number":"0000939057-22-000127","cik":818677,"company_name":"SECURITY FEDERAL CORP","ticker":"SFDL","form_type":"8-K","filed_at":"2022-05-02T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Security Federal Q1 net income falls to $1.5M from $3.2M YoY; EPS $0.48 vs $0.98","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $1.5M ($0.48 EPS) vs $3.2M ($0.98 EPS) in Q1 2021; drop due to COVID reserve release in prior year.","Net interest income $7.9M, down 1.4% from $8.0M; PPP deferred fees fell to $262K from $994K.","No provision for loan losses in Q1 2022 vs negative provision of $870K in Q1 2021.","Total assets $1.3B, deposits up $156M YoY to $1.1B; non-performing assets stable at 0.58% of loans.","New Columbia, SC branch opened March 2022; Augusta, GA branch under construction for later this year."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.45,"calibrated_materiality_score":0.45,"market_cap_usd":114449328.61571641,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":380978,"accession_number":"0000939057-22-000112","cik":818677,"company_name":"SECURITY FEDERAL CORP","ticker":"SFDL","form_type":"8-K","filed_at":"2022-04-22T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Security Federal Board approves up to $82.9M ECIP investment from U.S. Treasury","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board voted to pursue up to $82,949,000 in non-dilutive Tier 1 senior perpetual preferred capital from Treasury’s ECIP.","ECIP is designed to support lending to small businesses and consumers in low-income and underserved communities.","The investment requires the Company to fulfill certain Treasury conditions and restrictions.","Security Federal Bank is a qualified CDFI with 18 branches in South Carolina and Georgia.","Funds will augment efforts to support small and minority businesses and consumers in its communities."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":114449328.61571641,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":399027,"accession_number":"0000939057-22-000079","cik":818677,"company_name":"SECURITY FEDERAL CORP","ticker":"SFDL","form_type":"8-K","filed_at":"2022-03-17T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Security Federal declares $0.28 per share special dividend payable April 15","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Special cash dividend of $0.28 per share declared by Board of Directors.","Payable on April 15, 2022 to shareholders of record as of March 31, 2022.","CEO J. Chris Verenes cites continued profitability for the special dividend.","Future dividends will be determined by Board based on financial condition and capital needs."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":114449328.61571641,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":399026,"accession_number":"0000939057-22-000046","cik":818677,"company_name":"SECURITY FEDERAL CORP","ticker":"SFDL","form_type":"8-K","filed_at":"2022-02-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Security Federal Corp reports record annual net income of $12.8M for FY2021","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["FY2021 net income $12.8M ($3.93/diluted share), up 81% from $7.1M ($2.19/share) in FY2020.","Q4 net income $2.0M ($0.62/share) vs $3.1M ($0.94/share) in Q4 2020; quarterly drop due to higher non-interest expense.","Net interest income for year rose 9% to $33.3M; $2.4M negative provision for loan losses released as credit quality improved.","Total assets reached $1.3B; deposits grew 21.6% to $1.1B; book value per share $35.51 from $34.40.","Non-performing assets fell to 0.56% of gross loans from 0.75%; allowance to loans 2.19%."],"consensus_eps_estimate":null,"consensus_eps_actual":3.93,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2021-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":114449328.61571641,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":399025,"accession_number":"0000939057-22-000003","cik":818677,"company_name":"SECURITY FEDERAL CORP","ticker":"SFDL","form_type":"8-K","filed_at":"2022-01-05T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Security Federal Bank enters change-in-control severance agreement with President Philip Wahl","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Lump sum of 1.2x base salary if terminated within 6 months before or 24 months after a change in control.","Initial term through Dec 31, 2022; auto-renewed annually unless Board gives 30-day notice of non-renewal.","Payments subject to golden parachute regulations (12 U.S.C. §1828(k), 12 C.F.R. Part 359).","Includes one-year post-termination restrictive covenants: non-solicitation, nondisclosure, non-defamation.","Violation of restrictive covenants allows cessation of remaining payments and clawback of prior payments."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":114449328.61571641,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":418003,"accession_number":"0000939057-21-000320","cik":818677,"company_name":"SECURITY FEDERAL CORP","ticker":"SFDL","form_type":"8-K","filed_at":"2021-11-01T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Security Federal Q3 net income surges 413% to $4.6M; EPS $1.43 vs $0.28","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $4.6M ($1.43 EPS) vs $905K ($0.28) YoY; driven by lower interest expense and provision release.","Non-interest income up 51.6% to $4.5M, including $1.8M CDFI Rapid Response grant.","Negative provision for loan losses of $665K in Q3 vs expense of $2.2M in prior year quarter.","Non-performing assets improved to $3.1M (0.60% of loans) from $4.0M a year ago.","Book value per share $35.87, up from $33.52; total deposits rose 10.7% to $1.02B."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":114449328.61571641,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":435580,"accession_number":"0000939057-21-000214","cik":818677,"company_name":"SECURITY FEDERAL CORP","ticker":"SFDL","form_type":"8-K","filed_at":"2021-08-02T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Security Federal Q2 net income up 45% to $2.9M; EPS $0.90 vs $0.62 YoY","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $2.9M ($0.90 EPS) for Q2 ended June 30, 2021 vs $2.0M ($0.62 EPS) a year ago.","Net interest income rose 5.4% to $7.7M; provision for loan losses was negative $735,000.","YTD net income $6.1M ($1.88 EPS) vs $3.1M ($0.97 EPS); increase driven by lower interest expense and loan loss provision.","Non-performing assets improved to $3.2M (0.63% of loans) from $4.0M (0.74%) at June 30, 2020.","Book value per share $35.43 at June 30, 2021 vs $34.40 at Dec. 31, 2020; deposits grew 8.3% to $994.4M."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":114449328.61571641,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":null}