{"schema_version":"secwatch.filing_event.v1","accession":"0000939057-23-000122","form_type":"8-K","ticker":"SFDL","cik":"0000818677","company_name":"SECURITY FEDERAL CORP","filed_at":"2023-04-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.350104+00:00","generated_at":"2026-06-16T07:09:46.198717+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Security Federal Q1 net income rises 73% to $2.7M; EPS $0.82 vs $0.48 YoY","bullets":["Net income $2.674M ($0.82 per share) vs $1.549M ($0.48) in Q1 2022; increase driven by net interest income growth.","Net interest income up 29.6% to $10.2M; interest income +63.4%, interest expense +399.9%.","Non-performing assets flat at $6.4M; allowance for credit losses to gross loans 2.07%.","Adopted CECL on Jan 1, 2023; net decrease to retained earnings of $1.6M from transition adjustment.","Total assets $1.406B, up $106.3M YoY; deposits stable at $1.1B; borrowings up 17.0% to $120.8M."],"urls":{"canonical":"https://secwatch.observer/filing/0000939057-23-000122","json":"https://secwatch.observer/filing/0000939057-23-000122.json","markdown":"https://secwatch.observer/filing/0000939057-23-000122.md","text":"https://secwatch.observer/filing/0000939057-23-000122.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/818677/000093905723000122/0000939057-23-000122-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/818677/000093905723000122/8k33123.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T07:09:46.198717+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":"fe4ff137f583532b286f8c2ee07f46fb7499b0bc","claim":"SECURITY FEDERAL CORP reported the quarter ended March 31, 2023 results: net income net income of $2.7 million, EPS $0.82 per share.","evidence_excerpt":"The Company reported net income of $2.7 million, or $0.82 per share, for the quarter ended March 31, 2023 compared to $1.5 million, or $0.48 per share, for the first quarter of 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/818677/000093905723000122/0000939057-23-000122-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2023"},{"label":"Net income","value":"net income of $2.7 million"},{"label":"EPS","value":"$0.82 per 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"}