---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-023691"
form_type: "8-K"
ticker: "SFDL"
cik: "0000818677"
company_name: "SECURITY FEDERAL CORP"
filed_at: "2024-07-29T23:59:59+00:00"
generated_at: "2026-05-31T15:51:11.958917+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Security Federal Q2 net income rises to $2.1M, or $0.66 per share

## Summary
- Q2 net income available to common shareholders $2.1M ($0.66 per share), up from $1.8M ($0.55) a year ago.
- Net interest income grew 11.6% YoY to $10.2M, driven by higher market rates and earning asset growth.
- Total assets reached $1.5B, up 4.8% YoY; net loans grew $32.7M in H1 to $655.2M.
- Non-performing assets were $7.1M (0.46% of assets); allowance for credit losses at 1.95% of gross loans.
- Year-to-date net income fell to $3.9M ($1.20 per share) from $4.5M ($1.37) due to higher provision and expenses.

## SEC filing metadata
- accession: 0001437749-24-023691
- form_type: 8-K
- ticker: SFDL
- cik: 0000818677
- company_name: SECURITY FEDERAL CORP
- filed_at: 2024-07-29T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/818677/000143774924023691/0001437749-24-023691-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/818677/000143774924023691/sfdl20240724c_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-023691
- JSON: https://secwatch.observer/filing/0001437749-24-023691.json
- Plain text: https://secwatch.observer/filing/0001437749-24-023691.txt

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