secwatch.observer — SEC 8-K summary
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Issuer:     SECURITY FEDERAL CORP (SFDL)
CIK:        0000818677
Form:       8-K
Filed at:   2025-10-29T23:59:59+00:00
Accession:  0001437749-25-032126
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Security Federal Q3 net income up 61% to $3.2M ($1.01 EPS) YoY
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- Net income available to common shareholders $3.2M vs $2.0M YoY; EPS $1.01 vs $0.62.
- Net interest income rose 16% to $12.1M; provision for credit losses reversed $200K.
- Non-performing assets fell to $5.7M from $7.6M at Dec 31, 2024; credit quality improved.
- Deposits increased 8.6% YoY to $1.37B; borrowings down 58% after repaying Fed borrowings.
- Common equity book value per share rose to $35.80 from $31.97 a year ago.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/818677/000143774925032126/0001437749-25-032126-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/818677/000143774925032126/sfdl20251028_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-032126

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