secwatch.observer — SEC 8-K summary
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Issuer:     SECURITY FEDERAL CORP (SFDL)
CIK:        0000818677
Form:       8-K
Filed at:   2021-11-01T23:59:59+00:00
Accession:  0000939057-21-000320
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/818677/000093905721000320/0000939057-21-000320-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/818677/000093905721000320/8k93021sfdl.htm
  HTML page:      https://secwatch.observer/filing/0000939057-21-000320

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