---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-031465"
form_type: "8-K"
ticker: "SFDL"
cik: "0000818677"
company_name: "SECURITY FEDERAL CORP"
filed_at: "2024-10-17T23:59:59+00:00"
generated_at: "2026-05-30T13:30:44.057907+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Security Federal Corp to redeem all $16.5M of 5.25% subordinated notes on Nov 22, 2024

## Summary
- Aggregate principal of $16.5M of 5.25% Fixed-to-Floating Rate Subordinated Notes due 2029 to be redeemed.
- Redemption at 100% of principal plus accrued interest; payment in cash from excess cash on hand.
- Redemption date is November 22, 2024; interest ceases accrual on that date.
- All outstanding notes will be called; total redemption price excludes interest beyond redemption date.

## SEC filing metadata
- accession: 0001437749-24-031465
- form_type: 8-K
- ticker: SFDL
- cik: 0000818677
- company_name: SECURITY FEDERAL CORP
- filed_at: 2024-10-17T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/818677/000143774924031465/0001437749-24-031465-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/818677/000143774924031465/sfdl20241008c_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-031465
- JSON: https://secwatch.observer/filing/0001437749-24-031465.json
- Plain text: https://secwatch.observer/filing/0001437749-24-031465.txt

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