{"schema_version":"secwatch.filing_event.v1","accession":"0000939057-23-000027","form_type":"8-K","ticker":"SFDL","cik":"0000818677","company_name":"SECURITY FEDERAL CORP","filed_at":"2023-02-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.171455+00:00","generated_at":"2026-06-20T00:38:08.058258+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Security Federal Q4 net income up 62% to $3.3M; full-year down 20% to $10.2M","bullets":["Q4 EPS $1.01 vs $0.62 prior year; net interest income +25.9% to $11.0M.","FY 2022 net income $10.2M ($3.14 EPS) vs $12.8M ($3.93 EPS) in 2021.","Non-performing assets rose to 1.15% of loans ($6.4M) vs 0.56% ($2.8M) a year ago.","Common equity book value fell to $23.76 from $35.51, driven by AOCI loss on securities.","Issued $82.9M ECIP preferred stock in May 2022; total assets $1.38B."],"urls":{"canonical":"https://secwatch.observer/filing/0000939057-23-000027","json":"https://secwatch.observer/filing/0000939057-23-000027.json","markdown":"https://secwatch.observer/filing/0000939057-23-000027.md","text":"https://secwatch.observer/filing/0000939057-23-000027.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/818677/000093905723000027/0000939057-23-000027-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/818677/000093905723000027/8k123122aiken.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T00:38:08.058258+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":"83c0f387492438e83fe90652fa509fd7d44ab7f1","claim":"SECURITY FEDERAL CORP reported the quarter and year ended December 31, 2022 results: net income Net income was $10.2 million, or $3.14 per common share, for 2022 compared to $12.8 million, or $3.93 per common share,, EPS $3.14 per common share.","evidence_excerpt":"the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ] Item 2.02 Results of Operations and Financial Condition On February 6, 2023, Security Federal Corporation issued its earnings release for the quarter and year ended December 31, 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/818677/000093905723000027/0000939057-23-000027-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter and year ended December 31, 2022"},{"label":"Net income","value":"Net income was $10.2 million, or $3.14 per common share, for 2022 compared to $12.8 million, or $3.93 per common share,"},{"label":"EPS","value":"$3.14 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"}