---
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"
generated_at: "2026-06-06T09:33:46.063983+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Security Federal Q4 EPS $1.12, up 10% YoY; 2023 EPS $3.14 flat

## Summary
- 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%.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-003074
- JSON: https://secwatch.observer/filing/0001437749-24-003074.json
- Plain text: https://secwatch.observer/filing/0001437749-24-003074.txt

## Key facts
- Earnings Releases
  SECURITY FEDERAL CORP reported the year ended December 31, 2023 results: net income $10.2 million, EPS $3.14 per common share.
  - Period: the year ended December 31, 2023
  - Net income: $10.2 million
  - EPS: $3.14 per common share
  - Result: reported results
  source text: Net income was $10.2 million, or $3.14 per common share, for both the years ended December 31, 2023 and 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/818677/000143774924003074/0001437749-24-003074-index.htm
- Earnings Releases
  SECURITY FEDERAL CORP reported the quarter ended December 31, 2023 results: net income $3.6 million, EPS $1.12 per common share.
  - Period: the quarter ended December 31, 2023
  - Net income: $3.6 million
  - EPS: $1.12 per common share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/818677/000143774924003074/0001437749-24-003074-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.