{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-003074","form_type":"8-K","ticker":"SFDL","cik":"0000818677","company_name":"SECURITY FEDERAL CORP","filed_at":"2024-02-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.998728+00:00","generated_at":"2026-06-06T09:33:46.063983+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Security Federal Q4 EPS $1.12, up 10% YoY; 2023 EPS $3.14 flat","bullets":["Q4 net income $3.6M ($1.12/sh) vs $3.3M ($1.01/sh) in Q4 2022.","Full-year net income $10.2M ($3.14/sh) unchanged YoY; net interest income up 4.5% to $39.2M.","Non-interest income Q4 up 28.9% to $2.8M on grant & trust revenue.","Total assets $1.55B (+12.2%); deposits $1.19B (+7.6%); borrowings up 64.6% to $170M.","CECL adoption reduced retained earnings $1.6M; NPAs 0.44% of assets, allowance to loans 1.98%."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-003074","json":"https://secwatch.observer/filing/0001437749-24-003074.json","markdown":"https://secwatch.observer/filing/0001437749-24-003074.md","text":"https://secwatch.observer/filing/0001437749-24-003074.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/818677/000143774924003074/0001437749-24-003074-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/818677/000143774924003074/sfdl20240205c_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T09:33:46.063983+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":"6163488cf0549745f47449b0aab25e258e6293ed","claim":"SECURITY FEDERAL CORP reported the year ended December 31, 2023 results: net income $10.2 million, EPS $3.14 per common share.","evidence_excerpt":"Net income was $10.2 million, or $3.14 per common share, for both the years ended December 31, 2023 and 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/818677/000143774924003074/0001437749-24-003074-index.htm","confidence":0.98,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the year ended December 31, 2023"},{"label":"Net income","value":"$10.2 million"},{"label":"EPS","value":"$3.14 per common share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"cdb5492af04cbc64c4f4dda10b6e4fce305e224b","claim":"SECURITY FEDERAL CORP reported the quarter ended December 31, 2023 results: net income $3.6 million, EPS $1.12 per common share.","evidence_excerpt":"The Company reported net income of $3.6 million, or $1.12 per common share, for the quarter ended December 31, 2023 compared to $3.3 million, or $1.01 per common share, for the fourth quarter of 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/818677/000143774924003074/0001437749-24-003074-index.htm","confidence":0.98,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended December 31, 2023"},{"label":"Net income","value":"$3.6 million"},{"label":"EPS","value":"$1.12 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"}