secwatch.observer — SEC 8-K summary
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Issuer:     SECURITY FEDERAL CORP (SFDL)
CIK:        0000818677
Form:       8-K
Filed at:   2021-08-02T23:59:59+00:00
Accession:  0000939057-21-000214
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/818677/000093905721000214/0000939057-21-000214-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/818677/000093905721000214/8k63021.htm
  HTML page:      https://secwatch.observer/filing/0000939057-21-000214

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer