{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-029362","form_type":"8-K","ticker":"SFDL","cik":"0000818677","company_name":"SECURITY FEDERAL CORP","filed_at":"2023-10-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.084916+00:00","generated_at":"2026-06-09T06:23:29.200102+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 falls 34% to $2.1M; EPS $0.65 vs $0.99","bullets":["Net income $2.1M ($0.65/share) vs $3.2M ($0.99/share) in Q3 2022, down 34%.","Net interest income fell 6.8% to $9.4M as interest expense surged 536% to $7.4M.","Total assets grew 8.7% YoY to $1.48B; deposits up 6.0% YoY to $1.19B.","Non-performing assets stable at $6.3M, 0.43% of total assets, vs $2.8M a year ago.","Year-to-date net income $6.6M ($2.02/share) vs $6.9M ($2.13/share) in prior period."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-029362","json":"https://secwatch.observer/filing/0001437749-23-029362.json","markdown":"https://secwatch.observer/filing/0001437749-23-029362.md","text":"https://secwatch.observer/filing/0001437749-23-029362.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/818677/000143774923029362/0001437749-23-029362-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/818677/000143774923029362/sfdl20231027_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T06:23:29.200102+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":"1391ec3e7517263674ce54f3bc1210ac2fbfb259","claim":"SECURITY FEDERAL CORP reported the nine months ended September 30, 2023 results: net income net income of $6.6 million, EPS $2.02 per common share.","evidence_excerpt":"Year to date net income was $6.6 million, or $2.02 per common share, for the nine months ended September 30, 2023","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/818677/000143774923029362/0001437749-23-029362-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the nine months ended September 30, 2023"},{"label":"Net income","value":"net income of $6.6 million"},{"label":"EPS","value":"$2.02 per common share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"53d472ab073e134d185c254dba0afda9087a13e4","claim":"SECURITY FEDERAL CORP reported the quarter ended September 30, 2023 results: net income net income of $2.1 million, EPS $0.65 per share.","evidence_excerpt":"The Company reported net income of $2.1 million, or $0.65 per share, for the quarter ended September 30, 2023","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/818677/000143774923029362/0001437749-23-029362-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended September 30, 2023"},{"label":"Net income","value":"net income of $2.1 million"},{"label":"EPS","value":"$0.65 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"}