{"schema_version":"secwatch.filing_event.v1","accession":"0000939057-22-000200","form_type":"8-K","ticker":"SFDL","cik":"0000818677","company_name":"SECURITY FEDERAL CORP","filed_at":"2022-07-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:58.220249+00:00","generated_at":"2026-06-24T07:08:29.739505+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Security Federal Q2 net income falls to $2.2M; book value drops on ECIP preferred issuance","bullets":["Q2 net income $2.2M ($0.67/share) vs. $2.9M ($0.90) in Q2 2021; six-month net income $3.7M ($1.14) vs. $6.1M ($1.88).","Net interest income rose 10.4% to $8.5M; non-interest expense increased 13.2% to $8.4M.","No provision for loan losses in 2022 vs. $735k credit in Q2 2021; non-performing assets improved to $2.6M.","Issued 82,949 preferred shares for $82.9M under ECIP in May 2022; book value per common share fell to $25.81 from $35.51.","Total assets grew $100.9M to $1.4B; deposits up $33.7M to $1.1B."],"urls":{"canonical":"https://secwatch.observer/filing/0000939057-22-000200","json":"https://secwatch.observer/filing/0000939057-22-000200.json","markdown":"https://secwatch.observer/filing/0000939057-22-000200.md","text":"https://secwatch.observer/filing/0000939057-22-000200.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/818677/000093905722000200/0000939057-22-000200-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/818677/000093905722000200/8k72922.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-24T07:08:29.739505+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"}