---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-032557"
form_type: "8-K"
ticker: "SFDL"
cik: "0000818677"
company_name: "SECURITY FEDERAL CORP"
filed_at: "2024-10-30T23:59:59+00:00"
generated_at: "2026-05-30T08:42:58.753227+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-24-032557
- form_type: 8-K
- ticker: SFDL
- cik: 0000818677
- company_name: SECURITY FEDERAL CORP
- filed_at: 2024-10-30T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/818677/000143774924032557/0001437749-24-032557-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/818677/000143774924032557/sfdl20241028_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-032557
- JSON: https://secwatch.observer/filing/0001437749-24-032557.json
- Plain text: https://secwatch.observer/filing/0001437749-24-032557.txt

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