{"schema_version":"secwatch.filing_event.v1","accession":"0000939057-22-000127","form_type":"8-K","ticker":"SFDL","cik":"0000818677","company_name":"SECURITY FEDERAL CORP","filed_at":"2022-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:04:03.819780+00:00","generated_at":"2026-06-26T02:18:06.068567+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.45,"calibrated_materiality_score":0.45,"confidence":"high","headline":"Security Federal Q1 net income falls to $1.5M from $3.2M YoY; EPS $0.48 vs $0.98","bullets":["Net income $1.5M ($0.48 EPS) vs $3.2M ($0.98 EPS) in Q1 2021; drop due to COVID reserve release in prior year.","Net interest income $7.9M, down 1.4% from $8.0M; PPP deferred fees fell to $262K from $994K.","No provision for loan losses in Q1 2022 vs negative provision of $870K in Q1 2021.","Total assets $1.3B, deposits up $156M YoY to $1.1B; non-performing assets stable at 0.58% of loans.","New Columbia, SC branch opened March 2022; Augusta, GA branch under construction for later this year."],"urls":{"canonical":"https://secwatch.observer/filing/0000939057-22-000127","json":"https://secwatch.observer/filing/0000939057-22-000127.json","markdown":"https://secwatch.observer/filing/0000939057-22-000127.md","text":"https://secwatch.observer/filing/0000939057-22-000127.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/818677/000093905722000127/0000939057-22-000127-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/818677/000093905722000127/8k5222.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-26T02:18:06.068567+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}