---
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"
generated_at: "2026-05-27T05:01:43.754838+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Security Federal Q4 net income down 17% to $0.94/share; full-year EPS falls to $2.77

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- 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/818677/000143774925002407/0001437749-25-002407-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/818677/000143774925002407/sfdl20250128_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-002407
- JSON: https://secwatch.observer/filing/0001437749-25-002407.json
- Plain text: https://secwatch.observer/filing/0001437749-25-002407.txt

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