---
schema_version: "secwatch.filing_event.v1"
accession: "0000939057-21-000214"
form_type: "8-K"
ticker: "SFDL"
cik: "0000818677"
company_name: "SECURITY FEDERAL CORP"
filed_at: "2021-08-02T23:59:59+00:00"
generated_at: "2026-06-30T00:10:00.980747+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Security Federal Q2 net income up 45% to $2.9M; EPS $0.90 vs $0.62 YoY

## Summary
- 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.

## SEC filing metadata
- accession: 0000939057-21-000214
- form_type: 8-K
- ticker: SFDL
- cik: 0000818677
- company_name: SECURITY FEDERAL CORP
- filed_at: 2021-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/818677/000093905721000214/0000939057-21-000214-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/818677/000093905721000214/8k63021.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000939057-21-000214
- JSON: https://secwatch.observer/filing/0000939057-21-000214.json
- Plain text: https://secwatch.observer/filing/0000939057-21-000214.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.