secwatch.observer — SEC 8-K summary
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Issuer:     SECURITY FEDERAL CORP (SFDL)
CIK:        0000818677
Form:       8-K
Filed at:   2025-04-30T23:59:59+00:00
Accession:  0001437749-25-013723
Event type: earnings
Sentiment:  positive
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Security Federal Q1 net income rises to $2.6M ($0.81/share) from $1.8M
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- Net income available to common shareholders $2.6M ($0.81 per share), up from $1.8M ($0.54) in Q1 2024.
- Net interest income increased 12.5% to $11.2M; no provision for credit losses recorded vs $335k in prior year.
- Non-interest income rose 5.3% to $2.4M; non-interest expense increased 2.1% to $9.8M.
- Total assets $1.58B, deposits $1.35B (+1.6% QoQ); borrowings reduced 57.6% to $39.4M.
- Non-performing assets to total assets 0.46%; allowance for credit losses at 1.99% of gross loans.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/818677/000143774925013723/0001437749-25-013723-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/818677/000143774925013723/sfdl20250428_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-013723

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer