---
schema_version: "secwatch.filing_event.v1"
accession: "0000939057-22-000046"
form_type: "8-K"
ticker: "SFDL"
cik: "0000818677"
company_name: "SECURITY FEDERAL CORP"
filed_at: "2022-02-07T23:59:59+00:00"
generated_at: "2026-06-27T10:52:50.320889+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Security Federal Corp reports record annual net income of $12.8M for FY2021

## Summary
- 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%.

## SEC filing metadata
- accession: 0000939057-22-000046
- form_type: 8-K
- ticker: SFDL
- cik: 0000818677
- company_name: SECURITY FEDERAL CORP
- filed_at: 2022-02-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/818677/000093905722000046/0000939057-22-000046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/818677/000093905722000046/8k2722.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000939057-22-000046
- JSON: https://secwatch.observer/filing/0000939057-22-000046.json
- Plain text: https://secwatch.observer/filing/0000939057-22-000046.txt

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