{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-021134","form_type":"8-K","ticker":"SFDL","cik":"0000818677","company_name":"SECURITY FEDERAL CORP","filed_at":"2023-07-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.722805+00:00","generated_at":"2026-06-12T22:36:55.477989+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 Q2 net income falls 18% to $1.8M; YTD earnings up $4.5M","bullets":["Q2 net income $1.8M ($0.55 EPS) vs $2.2M ($0.67 EPS) a year ago; YTD net income $4.5M ($1.37 EPS) vs $3.7M ($1.14 EPS).","Net interest income rose 6.8% to $9.1M; non-interest income fell 14.7% to $2.3M; non-interest expense up 5.7% to $8.9M.","Non-performing assets increased to $6.7M from $2.6M at June 30, 2022; provision for credit losses $221K vs $0.","Adopted CECL on Jan 1, 2023, reducing retained earnings by $1.6M; allowance for credit losses to gross loans 2.04%.","Total assets $1.47B (+$70M YoY); net loans $589.7M (+$86.7M YoY); deposits $1.18B (+$29.8M YoY)."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-021134","json":"https://secwatch.observer/filing/0001437749-23-021134.json","markdown":"https://secwatch.observer/filing/0001437749-23-021134.md","text":"https://secwatch.observer/filing/0001437749-23-021134.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/818677/000143774923021134/0001437749-23-021134-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/818677/000143774923021134/sfdl20230728_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T22:36:55.477989+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":"105a68951c445a42b7fd24947a5754e075e40422","claim":"SECURITY FEDERAL CORP reported the three and six months ended June 30, 2023 results: net income $1.8 million, or $0.55 per share, for the quarter ended June 30, 2023, EPS $0.55 per share.","evidence_excerpt":"The Company reported net income of $1.8 million, or $0.55 per share, for the quarter ended June 30, 2023 compared to $2.2 million, or $0.67 per share, for the second quarter of 2022. Year to date net income was $4.5 million, or $1.37 per common share, for the six months ended June 30, 2023 compared to $3.7 million, or $1.14 per common share, during the six months ended June 30, 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/818677/000143774923021134/0001437749-23-021134-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three and six months ended June 30, 2023"},{"label":"Net income","value":"$1.8 million, or $0.55 per share, for the quarter ended June 30, 2023"},{"label":"EPS","value":"$0.55 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"}