---
schema_version: "secwatch.filing_event.v1"
accession: "0000939057-21-000320"
form_type: "8-K"
ticker: "SFDL"
cik: "0000818677"
company_name: "SECURITY FEDERAL CORP"
filed_at: "2021-11-01T23:59:59+00:00"
generated_at: "2026-06-28T15:59:09.181228+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Security Federal Q3 net income surges 413% to $4.6M; EPS $1.43 vs $0.28

## Summary
- 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.

## SEC filing metadata
- accession: 0000939057-21-000320
- form_type: 8-K
- ticker: SFDL
- cik: 0000818677
- company_name: SECURITY FEDERAL CORP
- filed_at: 2021-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/818677/000093905721000320/0000939057-21-000320-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/818677/000093905721000320/8k93021sfdl.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000939057-21-000320
- JSON: https://secwatch.observer/filing/0000939057-21-000320.json
- Plain text: https://secwatch.observer/filing/0000939057-21-000320.txt

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