{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-25-002407","form_type":"8-K","ticker":"SFDL","cik":"0000818677","company_name":"SECURITY FEDERAL CORP","filed_at":"2025-01-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.430543+00:00","generated_at":"2026-05-27T05:01:43.754838+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Security Federal Q4 net income down 17% to $0.94/share; full-year EPS falls to $2.77","bullets":["Q4 2024 net income available to common shareholders was $3.0M ($0.94 EPS) vs $3.6M ($1.12 EPS) in Q4 2023.","Full-year 2024 net income available to common shareholders was $8.9M ($2.77 EPS) vs $10.2M ($3.14 EPS) in 2023.","Provision for credit losses surged to $1.4M in 2024 from $246K in 2023, pressuring earnings.","Net interest income rose 7.8% in Q4 to $11.3M; total assets grew 4% to $1.6B year-over-year.","Non-performing assets increased to $7.6M (0.47% of assets) from $6.8M (0.44%) a year earlier."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-25-002407","json":"https://secwatch.observer/filing/0001437749-25-002407.json","markdown":"https://secwatch.observer/filing/0001437749-25-002407.md","text":"https://secwatch.observer/filing/0001437749-25-002407.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/818677/000143774925002407/0001437749-25-002407-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/818677/000143774925002407/sfdl20250128_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-27T05:01:43.754838+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}