{"schema_version":"secwatch.filing_event.v1","accession":"0000939057-22-000319","form_type":"8-K","ticker":"SFDL","cik":"0000818677","company_name":"SECURITY FEDERAL CORP","filed_at":"2022-10-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:53.651326+00:00","generated_at":"2026-06-22T22:08:59.950249+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Security Federal Q3 net income $3.2M ($0.99 EPS) down from $4.6M; book value falls to $22.64","bullets":["Net income $3.2M ($0.99 EPS) vs $4.6M ($1.43 EPS) in Q3 2021, down 30.5% YoY.","Net interest income rose 14.9% to $10.1M; non-interest income fell 50.9% to $2.2M.","Book value per common share dropped to $22.64 from $35.51 at Dec 31, 2021 due to AOCI loss on securities.","No provision for loan losses in Q3 2022 vs negative $665K provision in Q3 2021; NPAs improved to 0.53%.","Company received $82.9M ECIP preferred stock investment from Treasury in May 2022 (82,949 shares)."],"urls":{"canonical":"https://secwatch.observer/filing/0000939057-22-000319","json":"https://secwatch.observer/filing/0000939057-22-000319.json","markdown":"https://secwatch.observer/filing/0000939057-22-000319.md","text":"https://secwatch.observer/filing/0000939057-22-000319.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/818677/000093905722000319/0000939057-22-000319-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/818677/000093905722000319/8k10312022.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T22:08:59.950249+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":[{"claim_id":"27907728e7e3bc4c7251518993832a2c06586cc4","claim":"SECURITY FEDERAL CORP reported the quarter ended September 30, 2022 results: net income $3.2 million, EPS $0.99 per common share.","evidence_excerpt":"Net income was $3.2 million, or $0.99 per common share, for the quarter ended September 30, 2022","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/818677/000093905722000319/0000939057-22-000319-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended September 30, 2022"},{"label":"Net income","value":"$3.2 million"},{"label":"EPS","value":"$0.99 per common share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"e654fe59fbb674287398876dcf3264f6fcf8027a","claim":"SECURITY FEDERAL CORP reported the nine months ended September 30, 2022 results: net income $6.9 million, EPS $2.13 per common share.","evidence_excerpt":"Year to date net income was $6.9 million, or $2.13 per common share, for the nine months ended September 30, 2022","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/818677/000093905722000319/0000939057-22-000319-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the nine months ended September 30, 2022"},{"label":"Net income","value":"$6.9 million"},{"label":"EPS","value":"$2.13 per common share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}