2020 Q2 Form 10-Q Financial Statement

#000093905720000325 Filed on August 13, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2
Revenue $9.098M $9.128M
YoY Change -0.33% 13.69%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $746.6K $639.8K
YoY Change 16.69% 14.79%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $1.756M $2.009M
YoY Change -12.59% 56.22%
% of Operating Profit
Other Income/Expense, Net $558.9K $1.801M
YoY Change -68.96% 33.69%
Pretax Income $2.457M $2.370M
YoY Change 3.67% 5.47%
Income Tax $441.0K $486.0K
% Of Pretax Income 17.95% 20.51%
Net Earnings $2.016M $1.884M
YoY Change 7.01% 3.52%
Net Earnings / Revenue 22.16% 20.64%
Basic Earnings Per Share $0.62 $0.64
Diluted Earnings Per Share $0.62 $0.61
COMMON SHARES
Basic Shares Outstanding 3.253M shares 2.956M shares
Diluted Shares Outstanding 3.253M shares 3.258M shares

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $15.34M $11.02M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $27.05M $25.51M
YoY Change 6.06% 11.0%
Goodwill $1.200M $1.200M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $1.101B $973.4M
YoY Change 13.06% 8.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $2.600M $2.900M
YoY Change -10.34%
Deferred Revenue
YoY Change
Short-Term Debt $30.70M $15.80M
YoY Change 94.3% 12.06%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.600M $2.900M
YoY Change -10.34% -79.43%
LONG-TERM LIABILITIES
Long-Term Debt $35.20M $11.20M
YoY Change 214.29% -31.29%
Other Long-Term Liabilities $6.900M $6.700M
YoY Change 2.99% -1.47%
Total Long-Term Liabilities $42.10M $17.90M
YoY Change 135.2% -22.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.600M $2.900M
Total Long-Term Liabilities $42.10M $17.90M
Total Liabilities $993.4M $884.3M
YoY Change 12.35% 8.27%
SHAREHOLDERS EQUITY
Retained Earnings $81.71M $76.05M
YoY Change 7.44% 9.45%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.331M $4.331M
YoY Change 0.0% 0.0%
Treasury Stock Shares 200.9K shares 200.9K shares
Shareholders Equity $107.1M $89.14M
YoY Change
Total Liabilities & Shareholders Equity $1.101B $973.4M
YoY Change 13.06% 8.92%

Cashflow Statement

Concept 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income $2.016M $1.884M
YoY Change 7.01% 3.52%
Depreciation, Depletion And Amortization $746.6K $639.8K
YoY Change 16.69% 14.79%
Cash From Operating Activities $3.530M $1.230M
YoY Change 186.99% -51.38%
INVESTING ACTIVITIES
Capital Expenditures -$480.0K -$670.0K
YoY Change -28.36% 39.58%
Acquisitions
YoY Change
Other Investing Activities -$62.51M -$40.90M
YoY Change 52.84% 96.73%
Cash From Investing Activities -$62.98M -$41.58M
YoY Change 51.47% 95.39%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 59.33M 32.25M
YoY Change 83.97% 59.1%
NET CHANGE
Cash From Operating Activities 3.530M 1.230M
Cash From Investing Activities -62.98M -41.58M
Cash From Financing Activities 59.33M 32.25M
Net Change In Cash -120.0K -8.100M
YoY Change -98.52% -632.89%
FREE CASH FLOW
Cash From Operating Activities $3.530M $1.230M
Capital Expenditures -$480.0K -$670.0K
Free Cash Flow $4.010M $1.900M
YoY Change 111.05% -36.88%

Facts In Submission

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CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.62
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.64
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.62
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.61
CY2020Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.10
CY2019Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.09
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3252884 shares
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2995650 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3252884 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3257850 shares
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
2016331 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
1884031 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsNetOfTax
9490255 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsNetOfTax
2820989 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
364933 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
502600 USD
CY2020Q2 sfdl Amortizationof Unrealized Gainson Afs Securities Transferredto Htm
AmortizationofUnrealizedGainsonAFSSecuritiesTransferredtoHTM
-6225 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Transfers From Held To Maturity To Available For Sale Securities Net Of Tax
OtherComprehensiveIncomeLossTransfersFromHeldToMaturityToAvailableForSaleSecuritiesNetOfTax
-5792 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
9119097 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2312597 USD
CY2020Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
11135428 USD
CY2019Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
4196628 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
80518433 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
2088873 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2817917 USD
CY2019Q1 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
12009 USD
CY2019Q1 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities Net Of Adjustments
StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments
20000 USD
CY2019Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
265982 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
85191250 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
1884031 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2312597 USD
CY2019Q2 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
14786 USD
CY2019Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
266034 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
89136630 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
91758005 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
1064187 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-2159363 USD
CY2020Q1 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
12968 USD
CY2020Q1 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities Net Of Adjustments
StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments
5912000 USD
CY2020Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
325408 USD
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
96262389 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
2016331 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
9119097 USD
CY2020Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
325289 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
107072528 USD
us-gaap Net Income Loss
NetIncomeLoss
3080518 USD
us-gaap Net Income Loss
NetIncomeLoss
3972904 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
936139 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
781982 USD
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-2255935 USD
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-2636812 USD
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
1400000 USD
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
100000 USD
us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
270000 USD
us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
270000 USD
us-gaap Loans And Leases Receivable Gain Loss On Sales Net
LoansAndLeasesReceivableGainLossOnSalesNet
1309266 USD
us-gaap Loans And Leases Receivable Gain Loss On Sales Net
LoansAndLeasesReceivableGainLossOnSalesNet
546331 USD
us-gaap Gain Loss On Sales Of Mortgage Backed Securities Mbs
GainLossOnSalesOfMortgageBackedSecuritiesMBS
486577 USD
us-gaap Gain Loss On Sales Of Mortgage Backed Securities Mbs
GainLossOnSalesOfMortgageBackedSecuritiesMBS
2459 USD
us-gaap Availableforsale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments
AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments
706743 USD
us-gaap Availableforsale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments
AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments
958443 USD
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
23007 USD
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
137274 USD
us-gaap Real Estate Owned Valuation Allowance Amounts Applied
RealEstateOwnedValuationAllowanceAmountsApplied
0 USD
us-gaap Real Estate Owned Valuation Allowance Amounts Applied
RealEstateOwnedValuationAllowanceAmountsApplied
14000 USD
us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
-371886 USD
us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
-89585 USD
us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
41597366 USD
us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
19548315 USD
us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
42453324 USD
us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
20970814 USD
us-gaap Increase Decrease In Interest And Dividends Receivable
IncreaseDecreaseInInterestAndDividendsReceivable
1245887 USD
us-gaap Increase Decrease In Interest And Dividends Receivable
IncreaseDecreaseInInterestAndDividendsReceivable
-48723 USD
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
24016 USD
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
16278 USD
us-gaap Increase Decrease In Accrued Investment Income Receivable
IncreaseDecreaseInAccruedInvestmentIncomeReceivable
-275557 USD
us-gaap Increase Decrease In Accrued Investment Income Receivable
IncreaseDecreaseInAccruedInvestmentIncomeReceivable
-109588 USD
us-gaap Increase Decrease In Customer Advances
IncreaseDecreaseInCustomerAdvances
293911 USD
us-gaap Increase Decrease In Customer Advances
IncreaseDecreaseInCustomerAdvances
271370 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-795549 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
2678 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
4675043 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
4857761 USD
us-gaap Payments To Acquire Mortgage Backed Securities Mbs Categorized As Available For Sale
PaymentsToAcquireMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale
50610348 USD
us-gaap Payments To Acquire Mortgage Backed Securities Mbs Categorized As Available For Sale
PaymentsToAcquireMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale
71340833 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
12284007 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
16427795 USD
us-gaap Proceeds From Sale Of Mortgage Backed Securities Mbs Categorized As Available For Sale
ProceedsFromSaleOfMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale
9262188 USD
us-gaap Proceeds From Sale Of Mortgage Backed Securities Mbs Categorized As Available For Sale
ProceedsFromSaleOfMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale
26770329 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Mortgage Backed Securities Mbs
ProceedsFromMaturitiesPrepaymentsAndCallsOfMortgageBackedSecuritiesMBS
2271470 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Mortgage Backed Securities Mbs
ProceedsFromMaturitiesPrepaymentsAndCallsOfMortgageBackedSecuritiesMBS
1020431 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
46571411 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
67023891 USD
us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
15483066 USD
us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
17308244 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
11148752 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
35174873 USD
us-gaap Proceeds From Payments For In Interest Bearing Deposits In Banks
ProceedsFromPaymentsForInInterestBearingDepositsInBanks
0 USD
us-gaap Proceeds From Payments For In Interest Bearing Deposits In Banks
ProceedsFromPaymentsForInInterestBearingDepositsInBanks
250005 USD
sfdl Purchase Of Fhlb Stock
PurchaseOfFhlbStock
6031400 USD
sfdl Purchase Of Fhlb Stock
PurchaseOfFhlbStock
4517900 USD
us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
-5895100 USD
us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
-3320700 USD
sfdl Increase Decrease In Loans Receivable
IncreaseDecreaseInLoansReceivable
81214022 USD
sfdl Increase Decrease In Loans Receivable
IncreaseDecreaseInLoansReceivable
10545706 USD
us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
536047 USD
us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
914376 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
767610 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2112625 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-128314161 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-54354202 USD
us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
103778075 USD
us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
18952122 USD
us-gaap Proceeds From Federal Home Loan Bank Advances
ProceedsFromFederalHomeLoanBankAdvances
226285000 USD
us-gaap Proceeds From Federal Home Loan Bank Advances
ProceedsFromFederalHomeLoanBankAdvances
143080000 USD
us-gaap Payments For Federal Home Loan Bank Advances
PaymentsForFederalHomeLoanBankAdvances
221923000 USD
us-gaap Payments For Federal Home Loan Bank Advances
PaymentsForFederalHomeLoanBankAdvances
116410000 USD
us-gaap Proceeds From Repayments Of Other Debt
ProceedsFromRepaymentsOfOtherDebt
9373253 USD
us-gaap Proceeds From Repayments Of Other Debt
ProceedsFromRepaymentsOfOtherDebt
5055157 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
0 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
2362500 USD
us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
12968 USD
us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
26795 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
650697 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
532016 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
126443599 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
47809558 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
2804481 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-1686883 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
12536311 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
12705910 USD
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
15340792 USD
CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
11019027 USD
us-gaap Interest Paid
InterestPaid
4184818 USD
us-gaap Interest Paid
InterestPaid
3531407 USD
us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
19600 USD
us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
802800 USD
us-gaap Basis Of Accounting
BasisOfAccounting
Basis of PresentationThe accompanying unaudited consolidated financial statements were prepared in accordance with instructions for Form 10-Q and accounting principles generally accepted in the United States of America ("GAAP"); therefore, they do not include all disclosures necessary for a complete presentation of financial condition, results of operations, and cash flows.  Such statements are unaudited but, in the opinion of management, reflect all adjustments, which are of a normal recurring nature and necessary for a fair presentation of results for the selected interim periods.  Users of financial information produced for interim periods are encouraged to refer to the footnotes contained in the audited consolidated financial statements appearing in Security Federal Corporation’s (the “Company”) 2019 Annual Report to Shareholders which was filed as an exhibit to our Annual Report on Form 10-K for the year ended December 31, 2019 (“2019 10-K”) when reviewing interim financial statements.
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2016331 USD
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3252884 shares
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.62
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1884031 USD
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2995650 shares
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.64
CY2020Q2 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
0 USD
CY2020Q2 sfdl Weighted Average Shares Outstanding Senior Convertible Debentures
WeightedAverageSharesOutstandingSeniorConvertibleDebentures
0 shares
CY2020Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
CY2019Q2 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
90660 USD
CY2019Q2 sfdl Weighted Average Shares Outstanding Senior Convertible Debentures
WeightedAverageSharesOutstandingSeniorConvertibleDebentures
302200 shares
CY2019Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0.03 shares
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
2016331 USD
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3252884 shares
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.62
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1974691 USD
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3257850 shares
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.61
CY2020Q2 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
456753017 USD
us-gaap Available For Sale Securities Gross Unrealized Gains
AvailableForSaleSecuritiesGrossUnrealizedGains
18053021 USD
us-gaap Available For Sale Securities Gross Unrealized Loss
AvailableForSaleSecuritiesGrossUnrealizedLoss
2874415 USD
CY2020Q2 us-gaap Available For Sale Securities
AvailableForSaleSecurities
471931623 USD
CY2019Q4 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
408695280 USD
CY2020Q1 us-gaap Available For Sale Securities Gross Unrealized Gains
AvailableForSaleSecuritiesGrossUnrealizedGains
8410493 USD
CY2020Q1 us-gaap Available For Sale Securities Gross Unrealized Loss
AvailableForSaleSecuritiesGrossUnrealizedLoss
2460933 USD
CY2019Q4 us-gaap Available For Sale Securities
AvailableForSaleSecurities
414644840 USD
CY2020Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
78977 USD
CY2020Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
78893 USD
CY2020Q2 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
5183070 USD
CY2020Q2 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
5225881 USD
CY2020Q2 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
67925056 USD
CY2020Q2 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
67955648 USD
CY2020Q2 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
157171858 USD
CY2020Q2 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
161156516 USD
CY2020Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
456753017 USD
CY2020Q2 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue
471931623 USD
CY2020Q2 sfdl Available For Sale Securities Pledged As Collateral Amortized Cost Basis
AvailableForSaleSecuritiesPledgedAsCollateralAmortizedCostBasis
221600000 USD
CY2020Q2 us-gaap Pledged Assets Separately Reported Other Debt Securities Available For Sale Or Held For Investment
PledgedAssetsSeparatelyReportedOtherDebtSecuritiesAvailableForSaleOrHeldForInvestment
231600000 USD
CY2019Q4 sfdl Available For Sale Securities Pledged As Collateral Amortized Cost Basis
AvailableForSaleSecuritiesPledgedAsCollateralAmortizedCostBasis
171400000 USD
CY2019Q4 us-gaap Pledged Assets Separately Reported Other Debt Securities Available For Sale Or Held For Investment
PledgedAssetsSeparatelyReportedOtherDebtSecuritiesAvailableForSaleOrHeldForInvestment
173100000 USD
sfdl Proceeds From Sale Of Available For Sale Securities Including Mortgage Backed Securities
ProceedsFromSaleOfAvailableForSaleSecuritiesIncludingMortgageBackedSecurities
20400000 USD
sfdl Proceeds From Sale Of Available For Sale Securities Including Mortgage Backed Securities
ProceedsFromSaleOfAvailableForSaleSecuritiesIncludingMortgageBackedSecurities
61900000 USD
us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
0 USD
us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
283000 USD
CY2020Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
77650497 USD
CY2020Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
1014220 USD
CY2020Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
102799289 USD
CY2020Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
1860195 USD
CY2020Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
180449786 USD
CY2020Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
2874415 USD
CY2019Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
113060506 USD
CY2019Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
1485802 USD
CY2019Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
65523232 USD
CY2019Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
975131 USD
CY2019Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
178583738 USD
CY2019Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
2460933 USD
CY2020Q2 sfdl Available For Sale Percent Of Unrealized Losses For Securities In Continuous Loss Position12 Months Or Longer
AvailableForSalePercentOfUnrealizedLossesForSecuritiesInContinuousLossPosition12MonthsOrLonger
0.647
CY2019Q4 sfdl Available For Sale Percent Of Unrealized Losses For Securities In Continuous Loss Position12 Months Or Longer
AvailableForSalePercentOfUnrealizedLossesForSecuritiesInContinuousLossPosition12MonthsOrLonger
0.396
CY2020Q2 us-gaap Availableforsale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions1
AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1
93 security
CY2019Q4 us-gaap Availableforsale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions1
AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1
69 security
CY2020Q2 us-gaap Held To Maturity Securities Amortized Cost Before Other Than Temporary Impairment
HeldToMaturitySecuritiesAmortizedCostBeforeOtherThanTemporaryImpairment
16858861 USD
sfdl Heldtomaturitygrossunrealizedgains
Heldtomaturitygrossunrealizedgains
974384 USD
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CY2020Q2 sfdl Tdrs Included In Impaired Loans
TdrsIncludedInImpairedLoans
774000 USD
CY2019Q4 sfdl Tdrs Included In Impaired Loans
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CY2020Q2 sfdl Financing Receivable Modifications Subsequent Default Aggregate Number Of Contracts
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sfdl Days Past Dueto Be Considered In Default
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CY2020Q2 sfdl Nonperforming Loans Accrual Status Minimum Consecutive Payments
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sfdl Investor Funding Period
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sfdl Loans And Leases Receivable Valuation Period For New Appraisal
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CY2020Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
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CY2020Q2 us-gaap Other Real Estate And Foreclosed Assets
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CY2019Q4 us-gaap Other Real Estate And Foreclosed Assets
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CY2020Q2 us-gaap Cash And Cash Equivalents Fair Value Disclosure
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CY2020Q2 sfdl Certificates Of Deposits With Other Banks Fair Value Disclosure
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CY2020Q2 us-gaap Loans Receivable Fair Value Disclosure
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2673000 USD
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663357000 USD
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663357000 USD
CY2020Q2 sfdl Certificate Accounts Carrying Value
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CY2020Q2 sfdl Certificate Accounts Fair Value Disclosure
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213407000 USD
CY2020Q2 us-gaap Advances From Federal Home Loan Banks
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42500000 USD
CY2020Q2 us-gaap Federal Home Loan Bank Borrowings Fair Value Disclosure
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CY2020Q2 us-gaap Fair Value Liabilities Measured On Recurring Basis Obligations
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20953000 USD
CY2020Q2 us-gaap Fair Value Liabilities Measured On Recurring Basis Subordinated Debt Obligations
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5155000 USD
CY2020Q2 us-gaap Fair Value Liabilities Measured On Recurring Basis Subordinated Debt Obligations
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5155000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
12536000 USD
CY2019Q4 sfdl Certificates Of Deposits With Other Banks Fair Value Disclosure
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950000 USD
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434451000 USD
CY2019Q4 us-gaap Notes Receivable Net
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452859000 USD
CY2019Q4 us-gaap Loans Receivable Fair Value Disclosure
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CY2019Q4 us-gaap Convertible Debt Fair Value Disclosures
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6044000 USD
CY2019Q4 sfdl Checking Savings And Money Market Accounts Fair Value Disclosure
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541954000 USD
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541954000 USD
CY2019Q4 sfdl Certificate Accounts Carrying Value
CertificateAccountsCarryingValue
229453000 USD
CY2019Q4 sfdl Certificate Accounts Fair Value Disclosure
CertificateAccountsFairValueDisclosure
229363000 USD
CY2019Q4 us-gaap Advances From Federal Home Loan Banks
AdvancesFromFederalHomeLoanBanks
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FederalHomeLoanBankBorrowingsFairValueDisclosure
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CY2019Q4 us-gaap Fair Value Liabilities Measured On Recurring Basis Obligations
FairValueLiabilitiesMeasuredOnRecurringBasisObligations
11580000 USD
CY2019Q4 us-gaap Convertible Debt Fair Value Disclosures
ConvertibleDebtFairValueDisclosures
6044000 USD
CY2019Q4 us-gaap Fair Value Liabilities Measured On Recurring Basis Subordinated Debt Obligations
FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations
5155000 USD
CY2019Q4 us-gaap Fair Value Liabilities Measured On Recurring Basis Subordinated Debt Obligations
FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations
5155000 USD
CY2020Q2 sfdl Service Feeson Deposit Accounts
ServiceFeesonDepositAccounts
188401 USD
CY2019Q2 sfdl Service Feeson Deposit Accounts
ServiceFeesonDepositAccounts
254610 USD
CY2020Q2 sfdl Checkcardrevenue
Checkcardrevenue
446931 USD
CY2019Q2 sfdl Checkcardrevenue
Checkcardrevenue
355321 USD
CY2020Q2 sfdl Trust Income
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238895 USD
CY2019Q2 sfdl Trust Income
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258600 USD
CY2020Q2 us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
163745 USD
CY2019Q2 us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
175693 USD
CY2020Q2 us-gaap Gain On Sale Of Investments
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486577 USD
CY2019Q2 us-gaap Gain On Sale Of Investments
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670134 USD
CY2020Q2 us-gaap Gain Loss On Sales Of Loans Net
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806415 USD
CY2019Q2 us-gaap Gain Loss On Sales Of Loans Net
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372048 USD
CY2020Q2 us-gaap Bank Owned Life Insurance Income
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135000 USD
CY2019Q2 us-gaap Bank Owned Life Insurance Income
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135000 USD
CY2020Q2 sfdl Grant Revenue
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87164 USD
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CY2020Q2 us-gaap Noninterest Income Other Operating Income
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CY2020Q2 us-gaap Noninterest Income
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2805987 USD
CY2019Q2 us-gaap Noninterest Income
NoninterestIncome
2492561 USD

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