Security Federal Q3 net income slips to $0.62/share from $0.65; provision for credit losses rises

SECURITY FEDERAL CORP

Net income available to common shareholders fell to $2.0M ($0.62/share) from $2.1M ($0.65) in Q3 2023.
Net interest income rose 10.2% to $10.4M, but provision for credit losses increased to $580k from zero.
Year-to-date net income available to common down 10.6% to $5.9M ($1.83/share) vs $6.6M ($2.02).
Total assets grew 6.7% YoY to $1.58B; deposits up 5.2% to $1.26B.
Borrowings decreased $49.1M to $121M due to repayment of Federal Reserve Term Funding Program.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.