secwatch.observer — SEC 8-K summary
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Issuer:     SECURITY FEDERAL CORP (SFDL)
CIK:        0000818677
Form:       8-K
Filed at:   2025-07-30T23:59:59+00:00
Accession:  0001437749-25-023892
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Security Federal Q2 net income up 12% YoY to $0.75/sh; no credit provision
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- Net income available to common shareholders of $2.4M ($0.75/sh) for Q2 2025, vs $2.1M ($0.66/sh) in Q2 2024.
- Net interest income rose 11.1% to $11.3M; non-interest income up 5.7% to $2.6M.
- No provision for credit losses recorded in Q2 2025 vs $175k in Q2 2024; non-performing assets fell to 0.37% of assets.
- Deposits increased 4.5% to $1.38B; borrowings reduced 57.4% to $39.6M from year-end 2024.
- Common equity book value per share rose to $34.02 from $31.21 at Dec 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/818677/000143774925023892/0001437749-25-023892-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/818677/000143774925023892/sfdl20250725_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-023892

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