2021 Q1 Form 10-Q Financial Statement

#000093905721000179 Filed on May 14, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1 2019 Q3
Revenue $9.097M $9.095M $9.641M
YoY Change 0.03% 0.71% 13.33%
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 $802.8K $690.9K $644.8K
YoY Change 16.2% 13.2% 11.99%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $1.078M $2.219M $2.291M
YoY Change -51.44% 25.08% 60.21%
% of Operating Profit
Other Income/Expense, Net $724.4K $894.6K $1.053M
YoY Change -19.02% -28.39% -10.11%
Pretax Income $4.054M $1.328M $2.694M
YoY Change 205.26% -49.1% 4.46%
Income Tax $875.0K $264.0K $475.0K
% Of Pretax Income 21.59% 19.88% 17.63%
Net Earnings $3.179M $1.064M $1.064M
YoY Change 198.76% -49.07% -49.52%
Net Earnings / Revenue 34.94% 11.7% 11.04%
Basic Earnings Per Share $0.98 $0.34 $0.75
Diluted Earnings Per Share $978.5K $0.34 $0.71
COMMON SHARES
Basic Shares Outstanding 3.253M shares 3.092M shares 2.956M shares
Diluted Shares Outstanding 3.092M shares 3.258M shares

Balance Sheet

Concept 2021 Q1 2020 Q1 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $19.10M $15.46M $13.79M
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 $26.40M $27.04M $26.38M
YoY Change -2.36% 7.23% 9.63%
Goodwill $1.200M $1.200M $1.200M
YoY Change 0.0% 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 $1.179B $1.030B $991.3M
YoY Change 14.53% 9.88% 9.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $2.300M $2.600M $2.800M
YoY Change -11.54% -13.33%
Deferred Revenue
YoY Change
Short-Term Debt $20.50M $17.00M $15.00M
YoY Change 20.59% 21.43% 18.11%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.300M $2.600M $2.800M
YoY Change -11.54% -13.33% -77.95%
LONG-TERM LIABILITIES
Long-Term Debt $35.20M $35.20M $11.20M
YoY Change 0.0% 177.17% -25.83%
Other Long-Term Liabilities $7.100M $6.700M $6.900M
YoY Change 5.97% -4.29% 0.0%
Total Long-Term Liabilities $42.30M $41.90M $18.10M
YoY Change 0.95% 112.69% -17.73%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.300M $2.600M $2.800M
Total Long-Term Liabilities $42.30M $41.90M $18.10M
Total Liabilities $1.070B $933.5M $899.0M
YoY Change 14.64% 9.57% 8.92%
SHAREHOLDERS EQUITY
Retained Earnings $87.85M $80.02M $77.98M
YoY Change 9.79% 7.51% 9.32%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.331M $4.331M $4.331M
YoY Change 0.0% 0.0% 0.0%
Treasury Stock Shares 200.9K shares 200.9K shares 200.9K shares
Shareholders Equity $109.3M $96.26M $96.26M
YoY Change
Total Liabilities & Shareholders Equity $1.179B $1.030B $991.3M
YoY Change 14.53% 9.88% 9.87%

Cashflow Statement

Concept 2021 Q1 2020 Q1 2019 Q3
OPERATING ACTIVITIES
Net Income $3.179M $1.064M $1.064M
YoY Change 198.76% -49.07% -49.52%
Depreciation, Depletion And Amortization $802.8K $690.9K $644.8K
YoY Change 16.2% 13.2% 11.99%
Cash From Operating Activities $2.870M $1.152M $3.550M
YoY Change 149.19% -68.24% -35.34%
INVESTING ACTIVITIES
Capital Expenditures $320.1K $286.4K -$1.260M
YoY Change 11.75% -80.04% -13.1%
Acquisitions
YoY Change
Other Investing Activities -$12.57M -$65.04M -$13.74M
YoY Change -80.67% 473.54% 49.84%
Cash From Investing Activities -$11.82M -$65.33M -$15.01M
YoY Change -81.91% 411.41% 41.47%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $10.03M $67.11M 14.22M
YoY Change -85.06% 331.18% 75.34%
NET CHANGE
Cash From Operating Activities $2.870M $1.152M 3.550M
Cash From Investing Activities -$11.82M -$65.33M -15.01M
Cash From Financing Activities $10.03M $67.11M 14.22M
Net Change In Cash $1.079M $2.926M 2.760M
YoY Change -63.11% -54.38% -7.69%
FREE CASH FLOW
Cash From Operating Activities $2.870M $1.152M $3.550M
Capital Expenditures $320.1K $286.4K -$1.260M
Free Cash Flow $2.549M $865.1K $4.810M
YoY Change 194.7% -60.5% -30.69%

Facts In Submission

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CY2020Q1 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
16080 USD
CY2021Q1 us-gaap Other Revenue Expense From Real Estate Operations
OtherRevenueExpenseFromRealEstateOperations
103667 USD
CY2020Q1 us-gaap Other Revenue Expense From Real Estate Operations
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CY2021Q1 us-gaap Other Expenses
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724385 USD
CY2020Q1 us-gaap Other Expenses
OtherExpenses
894574 USD
CY2021Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
7609684 USD
CY2020Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
7643586 USD
CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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4053816 USD
CY2020Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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1328095 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
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875024 USD
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
263908 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
3178792 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
1064187 USD
CY2021Q1 us-gaap Earnings Per Share Basic
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0.98
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.34
CY2021Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.11
CY2020Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.10
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3252884 shares
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3092455 shares
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
3178792 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
1064187 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax
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-5463402 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsNetOfTax
-1623967 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
0 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
530057 USD
CY2021Q1 sfdl Amortizationof Unrealized Gainson Afs Securities Transferredto Htm
AmortizationofUnrealizedGainsonAFSSecuritiesTransferredtoHTM
-2034 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Transfers From Held To Maturity To Available For Sale Securities Net Of Tax
OtherComprehensiveIncomeLossTransfersFromHeldToMaturityToAvailableForSaleSecuritiesNetOfTax
-5339 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-5465436 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-2159363 USD
CY2021Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-2286644 USD
CY2020Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-1095176 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
91758005 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
1064187 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-2159363 USD
CY2019Q3 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
12968 USD
CY2019Q3 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities Net Of Adjustments
StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments
5912000 USD
CY2019Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
325408 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
96262389 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
111905746 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
3178792 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-5465436 USD
CY2020Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
357817 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
109261285 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
3178792 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
1064187 USD
CY2021Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
491501 USD
CY2020Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
464387 USD
CY2021Q1 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-1493219 USD
CY2020Q1 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-1185119 USD
CY2021Q1 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
-870000 USD
CY2020Q1 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
700000 USD
CY2021Q1 us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
165000 USD
CY2020Q1 us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
135000 USD
CY2021Q1 us-gaap Loans And Leases Receivable Gain Loss On Sales Net
LoansAndLeasesReceivableGainLossOnSalesNet
1071481 USD
CY2020Q1 us-gaap Loans And Leases Receivable Gain Loss On Sales Net
LoansAndLeasesReceivableGainLossOnSalesNet
502851 USD
CY2021Q1 us-gaap Availableforsale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments
AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments
0 USD
CY2020Q1 us-gaap Availableforsale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments
AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments
706843 USD
CY2021Q1 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
105422 USD
CY2020Q1 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
3291 USD
CY2021Q1 us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
-1072688 USD
CY2020Q1 us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
-69236 USD
CY2021Q1 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
31523356 USD
CY2020Q1 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
16882646 USD
CY2021Q1 us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
31230874 USD
CY2020Q1 us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
17797759 USD
CY2021Q1 us-gaap Increase Decrease In Interest And Dividends Receivable
IncreaseDecreaseInInterestAndDividendsReceivable
253807 USD
CY2020Q1 us-gaap Increase Decrease In Interest And Dividends Receivable
IncreaseDecreaseInInterestAndDividendsReceivable
120228 USD
CY2021Q1 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-24067 USD
CY2020Q1 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
68490 USD
CY2021Q1 us-gaap Increase Decrease In Accrued Investment Income Receivable
IncreaseDecreaseInAccruedInvestmentIncomeReceivable
54055 USD
CY2020Q1 us-gaap Increase Decrease In Accrued Investment Income Receivable
IncreaseDecreaseInAccruedInvestmentIncomeReceivable
-51548 USD
CY2021Q1 us-gaap Increase Decrease In Customer Advances
IncreaseDecreaseInCustomerAdvances
107148 USD
CY2020Q1 us-gaap Increase Decrease In Customer Advances
IncreaseDecreaseInCustomerAdvances
171594 USD
CY2021Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
288925 USD
CY2020Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
195838 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
3942251 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1151563 USD
CY2021Q1 us-gaap Payments To Acquire Mortgage Backed Securities Mbs Categorized As Available For Sale
PaymentsToAcquireMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale
4247260 USD
CY2020Q1 us-gaap Payments To Acquire Mortgage Backed Securities Mbs Categorized As Available For Sale
PaymentsToAcquireMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale
42508264 USD
CY2021Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
14662451 USD
CY2020Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
5698171 USD
CY2021Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Mortgage Backed Securities Mbs
ProceedsFromMaturitiesPrepaymentsAndCallsOfMortgageBackedSecuritiesMBS
926540 USD
CY2020Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Mortgage Backed Securities Mbs
ProceedsFromMaturitiesPrepaymentsAndCallsOfMortgageBackedSecuritiesMBS
901954 USD
CY2021Q1 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
5638332 USD
CY2020Q1 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
41965408 USD
CY2021Q1 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
7073469 USD
CY2020Q1 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
9655542 USD
CY2021Q1 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
0 USD
CY2020Q1 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
11148752 USD
CY2021Q1 us-gaap Proceeds From Payments For In Interest Bearing Deposits In Banks
ProceedsFromPaymentsForInInterestBearingDepositsInBanks
250000 USD
CY2020Q1 us-gaap Proceeds From Payments For In Interest Bearing Deposits In Banks
ProceedsFromPaymentsForInInterestBearingDepositsInBanks
0 USD
CY2021Q1 sfdl Purchase Of Fhlb Stock
PurchaseOfFhlbStock
0 USD
CY2020Q1 sfdl Purchase Of Fhlb Stock
PurchaseOfFhlbStock
5069100 USD
CY2021Q1 us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
-455800 USD
CY2020Q1 us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
-3519400 USD
CY2021Q1 sfdl Increase Decrease In Loans Receivable
IncreaseDecreaseInLoansReceivable
26507836 USD
CY2020Q1 sfdl Increase Decrease In Loans Receivable
IncreaseDecreaseInLoansReceivable
6459047 USD
CY2021Q1 us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
454332 USD
CY2020Q1 us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
33291 USD
CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
320100 USD
CY2020Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
286445 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-12890936 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-65331154 USD
CY2021Q1 us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
51705946 USD
CY2020Q1 us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
4592464 USD
CY2021Q1 us-gaap Proceeds From Federal Home Loan Bank Advances
ProceedsFromFederalHomeLoanBankAdvances
0 USD
CY2020Q1 us-gaap Proceeds From Federal Home Loan Bank Advances
ProceedsFromFederalHomeLoanBankAdvances
163155000 USD
CY2021Q1 us-gaap Payments For Federal Home Loan Bank Advances
PaymentsForFederalHomeLoanBankAdvances
0 USD
CY2020Q1 us-gaap Payments For Federal Home Loan Bank Advances
PaymentsForFederalHomeLoanBankAdvances
125524000 USD
CY2021Q1 us-gaap Proceeds From Repayments Of Other Debt
ProceedsFromRepaymentsOfOtherDebt
7379944 USD
CY2020Q1 us-gaap Proceeds From Repayments Of Other Debt
ProceedsFromRepaymentsOfOtherDebt
5426592 USD
CY2021Q1 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
0 USD
CY2020Q1 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
12968 USD
CY2021Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
357817 USD
CY2020Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
325408 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
10028073 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
67105616 USD
CY2021Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
1079388 USD
CY2020Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
2926025 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
18025409 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
12536311 USD
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
19104797 USD
CY2020Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
15462336 USD
CY2021Q1 us-gaap Interest Paid
InterestPaid
701955 USD
CY2020Q1 us-gaap Interest Paid
InterestPaid
1902816 USD
CY2021Q1 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”) 2020 Annual Report to Shareholders which was filed as an exhibit to our Annual Report on Form 10-K for the year ended December 31, 2020 (“2020 10-K”) when reviewing interim financial statements.
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3178792 USD
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3252884 shares
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.98
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1064187 USD
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3092455 shares
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.34
CY2021Q1 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
558836046 USD
CY2021Q1 us-gaap Available For Sale Securities Gross Unrealized Gains
AvailableForSaleSecuritiesGrossUnrealizedGains
14031773 USD
CY2021Q1 us-gaap Available For Sale Securities Gross Unrealized Loss
AvailableForSaleSecuritiesGrossUnrealizedLoss
4080236 USD
CY2021Q1 us-gaap Available For Sale Securities
AvailableForSaleSecurities
568787583 USD
CY2020Q4 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
572137595 USD
CY2020 us-gaap Available For Sale Securities Gross Unrealized Gains
AvailableForSaleSecuritiesGrossUnrealizedGains
19456692 USD
CY2020 us-gaap Available For Sale Securities Gross Unrealized Loss
AvailableForSaleSecuritiesGrossUnrealizedLoss
2269886 USD
CY2020Q4 us-gaap Available For Sale Securities
AvailableForSaleSecurities
589324401 USD
CY2021Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
232575 USD
CY2021Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
225958 USD
CY2021Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
7559449 USD
CY2021Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
7569728 USD
CY2021Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
76244391 USD
CY2021Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
76517484 USD
CY2021Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
217909220 USD
CY2021Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
221680571 USD
CY2021Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
558836046 USD
CY2021Q1 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue
568787583 USD
CY2021Q1 sfdl Available For Sale Securities Pledged As Collateral Amortized Cost Basis
AvailableForSaleSecuritiesPledgedAsCollateralAmortizedCostBasis
288000000.0 USD
CY2021Q1 us-gaap Pledged Assets Separately Reported Other Debt Securities Available For Sale Or Held For Investment
PledgedAssetsSeparatelyReportedOtherDebtSecuritiesAvailableForSaleOrHeldForInvestment
296900000 USD
CY2020Q4 sfdl Available For Sale Securities Pledged As Collateral Amortized Cost Basis
AvailableForSaleSecuritiesPledgedAsCollateralAmortizedCostBasis
263300000 USD
CY2020Q4 us-gaap Pledged Assets Separately Reported Other Debt Securities Available For Sale Or Held For Investment
PledgedAssetsSeparatelyReportedOtherDebtSecuritiesAvailableForSaleOrHeldForInvestment
274400000 USD
CY2021Q1 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
129578908 USD
CY2021Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
3188900 USD
CY2021Q1 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
74288543 USD
CY2021Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
891336 USD
CY2021Q1 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
203867451 USD
CY2021Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
4080236 USD
CY2020Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
106073904 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
1430106 USD
CY2020Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
82910611 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
839780 USD
CY2020Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
188984515 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
2269886 USD
CY2021Q1 sfdl Available For Sale Percent Of Unrealized Losses For Securities In Continuous Loss Position12 Months Or Longer
AvailableForSalePercentOfUnrealizedLossesForSecuritiesInContinuousLossPosition12MonthsOrLonger
0.218
CY2020Q4 sfdl Available For Sale Percent Of Unrealized Losses For Securities In Continuous Loss Position12 Months Or Longer
AvailableForSalePercentOfUnrealizedLossesForSecuritiesInContinuousLossPosition12MonthsOrLonger
0.370
CY2021Q1 us-gaap Availableforsale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions1
AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1
84 security
CY2020Q4 us-gaap Availableforsale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions1
AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1
88 security
CY2021Q1 us-gaap Held To Maturity Securities Amortized Cost Before Other Than Temporary Impairment
HeldToMaturitySecuritiesAmortizedCostBeforeOtherThanTemporaryImpairment
17285858 USD
CY2021Q1 sfdl Heldtomaturitygrossunrealizedgains
Heldtomaturitygrossunrealizedgains
841841 USD
CY2021Q1 sfdl Heldtomaturitygrossunrealizedlosses
Heldtomaturitygrossunrealizedlosses
169008 USD
CY2021Q1 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
17958691 USD
CY2021Q1 us-gaap Pledged Financial Instruments Not Separately Reported Other Debt Securities Held To Maturity
PledgedFinancialInstrumentsNotSeparatelyReportedOtherDebtSecuritiesHeldToMaturity
11800000 USD
CY2021Q1 sfdl Heldtomaturitypledgedascollateralfairvalue
Heldtomaturitypledgedascollateralfairvalue
12500000 USD
CY2020Q4 us-gaap Pledged Financial Instruments Not Separately Reported Other Debt Securities Held To Maturity
PledgedFinancialInstrumentsNotSeparatelyReportedOtherDebtSecuritiesHeldToMaturity
13400000 USD
CY2021Q1 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
3526745 USD
CY2021Q1 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
168495 USD
CY2021Q1 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
778865 USD
CY2021Q1 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
513 USD
CY2021Q1 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue
4305610 USD
CY2021Q1 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionAccumulatedLoss
169008 USD
CY2021Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
531885346 USD
CY2020Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
500352711 USD
CY2021Q1 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
6472399 USD
CY2020Q4 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
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5693400 USD
CY2021Q1 sfdl Financing Receivable Gross And Loans Receivable Held For Sale Net
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538357745 USD
CY2020Q4 sfdl Financing Receivable Gross And Loans Receivable Held For Sale Net
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CY2021Q1 us-gaap Loans And Leases Receivable Allowance
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CY2020Q4 us-gaap Loans And Leases Receivable Allowance
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LoansAndLeasesReceivableLoansInProcess
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CY2020Q4 us-gaap Loans And Leases Receivable Loans In Process
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CY2021Q1 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
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CY2020Q4 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
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CY2021Q1 sfdl Loans Receivable Allowance Loans In Process And Deferred Loan Fees
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32106226 USD
CY2020Q4 sfdl Loans Receivable Allowance Loans In Process And Deferred Loan Fees
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CY2021Q1 us-gaap Financing Receivable Recorded Investment Current
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90
CY2021Q1 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
3711658 USD
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0.007
CY2020Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
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0.007
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586186 USD
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FinancingReceivableRecordedInvestmentInNonAccrualStatusPercentIncreaseDecrease
0.188
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AllowanceForDoubtfulAccountsReceivableWriteOffs
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CY2021Q1 us-gaap Provision For Doubtful Accounts
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CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
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CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable
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CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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CY2020Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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CY2020Q1 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
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CY2020Q1 us-gaap Allowance For Doubtful Accounts Receivable
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9871838 USD
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
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0 USD
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
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CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses
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CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
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CY2021Q1 us-gaap Financing Receivable Individually Evaluated For Impairment
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2589088 USD
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CY2021Q1 sfdl Loans And Leases Receivable Valuation Period For New Appraisal
LoansAndLeasesReceivableValuationPeriodForNewAppraisal
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ImpairedFinancingReceivableRecordedInvestment
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CY2020Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
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16755 USD
CY2021Q1 sfdl Tdrs Included In Impaired Loans
TdrsIncludedInImpairedLoans
720000 USD
CY2020Q4 sfdl Tdrs Included In Impaired Loans
TdrsIncludedInImpairedLoans
315000 USD
CY2020Q1 sfdl Financing Receivable Modifications Subsequent Default Aggregate Number Of Contracts
FinancingReceivableModificationsSubsequentDefaultAggregateNumberOfContracts
0 loan
CY2021Q1 sfdl Financing Receivable Modifications Subsequent Default Aggregate Number Of Contracts
FinancingReceivableModificationsSubsequentDefaultAggregateNumberOfContracts
0 loan
CY2021Q1 sfdl Days Past Dueto Be Considered In Default
DaysPastDuetoBeConsideredInDefault
30
CY2021Q1 sfdl Nonperforming Loans Accrual Status Minimum Consecutive Payments
NonperformingLoansAccrualStatusMinimumConsecutivePayments
6 payments
CY2021Q1 sfdl Investor Funding Period
InvestorFundingPeriod
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CY2021Q1 sfdl Loans And Leases Receivable Valuation Period For New Appraisal
LoansAndLeasesReceivableValuationPeriodForNewAppraisal
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CY2021Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
0 USD
CY2021Q1 us-gaap Other Real Estate And Foreclosed Assets
OtherRealEstateAndForeclosedAssets
149700 USD
CY2020Q4 us-gaap Other Real Estate And Foreclosed Assets
OtherRealEstateAndForeclosedAssets
498610 USD
CY2021Q1 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
19105000 USD
CY2021Q1 sfdl Certificates Of Deposits With Other Banks Fair Value Disclosure
CertificatesOfDepositsWithOtherBanksFairValueDisclosure
100000 USD
CY2021Q1 sfdl Investment And Mortgage Backed Securities Fair Value Disclosure
InvestmentAndMortgageBackedSecuritiesFairValueDisclosure
586746000 USD
CY2021Q1 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
508975000 USD
CY2021Q1 us-gaap Investment In Federal Home Loan Bank Stock Fair Value Disclosure
InvestmentInFederalHomeLoanBankStockFairValueDisclosure
1898000 USD
CY2021Q1 sfdl Checking Savings And Money Market Accounts Fair Value Disclosure
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790175000 USD
CY2021Q1 sfdl Checking Savings And Money Market Accounts Fair Value Disclosure
CheckingSavingsAndMoneyMarketAccountsFairValueDisclosure
790175000 USD
CY2021Q1 sfdl Certificate Accounts Carrying Value
CertificateAccountsCarryingValue
179627000 USD
CY2021Q1 sfdl Certificate Accounts Fair Value Disclosure
CertificateAccountsFairValueDisclosure
180195000 USD
CY2021Q1 us-gaap Advances From Federal Home Loan Banks
AdvancesFromFederalHomeLoanBanks
35000000 USD
CY2021Q1 us-gaap Federal Home Loan Bank Borrowings Fair Value Disclosure
FederalHomeLoanBankBorrowingsFairValueDisclosure
35315000 USD
CY2021Q1 us-gaap Fair Value Liabilities Measured On Recurring Basis Obligations
FairValueLiabilitiesMeasuredOnRecurringBasisObligations
20497000 USD
CY2021Q1 us-gaap Fair Value Liabilities Measured On Recurring Basis Subordinated Debt Obligations
FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations
5155000 USD
CY2021Q1 us-gaap Fair Value Liabilities Measured On Recurring Basis Subordinated Debt Obligations
FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations
5155000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
18025000 USD
CY2020Q4 sfdl Certificates Of Deposits With Other Banks Fair Value Disclosure
CertificatesOfDepositsWithOtherBanksFairValueDisclosure
350000 USD
CY2020Q4 sfdl Investment And Mortgage Backed Securities Fair Value Disclosure
InvestmentAndMortgageBackedSecuritiesFairValueDisclosure
608530000 USD
CY2020Q4 us-gaap Notes Receivable Net
NotesReceivableNet
479167000 USD
CY2020Q4 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
481450000 USD
CY2020Q4 us-gaap Investment In Federal Home Loan Bank Stock Fair Value Disclosure
InvestmentInFederalHomeLoanBankStockFairValueDisclosure
2354000 USD
CY2020Q4 sfdl Checking Savings And Money Market Accounts Fair Value Disclosure
CheckingSavingsAndMoneyMarketAccountsFairValueDisclosure
737571000 USD
CY2020Q4 sfdl Checking Savings And Money Market Accounts Fair Value Disclosure
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737571000 USD
CY2020Q4 sfdl Certificate Accounts Carrying Value
CertificateAccountsCarryingValue
180525000 USD
CY2020Q4 sfdl Certificate Accounts Fair Value Disclosure
CertificateAccountsFairValueDisclosure
181487000 USD
CY2020Q4 us-gaap Advances From Federal Home Loan Banks
AdvancesFromFederalHomeLoanBanks
35000000 USD
CY2020Q4 us-gaap Federal Home Loan Bank Borrowings Fair Value Disclosure
FederalHomeLoanBankBorrowingsFairValueDisclosure
35200000 USD
CY2020Q4 us-gaap Fair Value Liabilities Measured On Recurring Basis Obligations
FairValueLiabilitiesMeasuredOnRecurringBasisObligations
13117000 USD
CY2020Q4 us-gaap Fair Value Liabilities Measured On Recurring Basis Subordinated Debt Obligations
FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations
5155000 USD
CY2020Q4 us-gaap Fair Value Liabilities Measured On Recurring Basis Subordinated Debt Obligations
FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations
5155000 USD
CY2021Q1 sfdl Service Feeson Deposit Accounts
ServiceFeesonDepositAccounts
231934 USD
CY2020Q1 sfdl Service Feeson Deposit Accounts
ServiceFeesonDepositAccounts
285075 USD
CY2021Q1 sfdl Checkcardrevenue
Checkcardrevenue
519843 USD
CY2020Q1 sfdl Checkcardrevenue
Checkcardrevenue
354099 USD
CY2021Q1 sfdl Trust Income
TrustIncome
309139 USD
CY2020Q1 sfdl Trust Income
TrustIncome
299325 USD
CY2021Q1 us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
130503 USD
CY2020Q1 us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
148031 USD
CY2021Q1 us-gaap Gain On Sale Of Investments
GainOnSaleOfInvestments
0 USD
CY2020Q1 us-gaap Gain On Sale Of Investments
GainOnSaleOfInvestments
706743 USD
CY2021Q1 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
1071481 USD
CY2020Q1 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
502851 USD
CY2021Q1 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
165000 USD
CY2020Q1 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
135000 USD
CY2021Q1 sfdl Grant Revenue
GrantRevenue
0 USD
CY2020Q1 sfdl Grant Revenue
GrantRevenue
58340 USD
CY2021Q1 us-gaap Noninterest Income Other Operating Income
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345752 USD
CY2020Q1 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
306426 USD
CY2021Q1 us-gaap Noninterest Income
NoninterestIncome
2773652 USD
CY2020Q1 us-gaap Noninterest Income
NoninterestIncome
2795890 USD

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