2021 Q2 Form 10-Q Financial Statement

#000093905721000237 Filed on August 13, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $8.717M $9.098M
YoY Change -4.18% -0.33%
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 $770.9K $746.6K
YoY Change 3.25% 16.69%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $978.4K $1.756M
YoY Change -44.28% -12.59%
% of Operating Profit
Other Income/Expense, Net $818.4K $558.9K
YoY Change 46.43% -68.96%
Pretax Income $3.715M $2.457M
YoY Change 51.22% 3.67%
Income Tax $791.3K $441.0K
% Of Pretax Income 21.3% 17.95%
Net Earnings $2.924M $2.016M
YoY Change 45.05% 7.01%
Net Earnings / Revenue 33.54% 22.16%
Basic Earnings Per Share $0.90 $0.62
Diluted Earnings Per Share $898.5K $0.62
COMMON SHARES
Basic Shares Outstanding 3.253M shares 3.253M shares
Diluted Shares Outstanding 3.253M shares

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $13.15M $15.34M
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 $26.18M $27.05M
YoY Change -3.21% 6.06%
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 $1.200B $1.101B
YoY Change 9.05% 13.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $2.200M $2.600M
YoY Change -15.38% -10.34%
Deferred Revenue
YoY Change
Short-Term Debt $34.90M $30.70M
YoY Change 13.68% 94.3%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.200M $2.600M
YoY Change -15.38% -10.34%
LONG-TERM LIABILITIES
Long-Term Debt $35.20M $35.20M
YoY Change 0.0% 214.29%
Other Long-Term Liabilities $7.900M $6.900M
YoY Change 14.49% 2.99%
Total Long-Term Liabilities $43.10M $42.10M
YoY Change 2.38% 135.2%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.200M $2.600M
Total Long-Term Liabilities $43.10M $42.10M
Total Liabilities $1.085B $993.4M
YoY Change 9.2% 12.35%
SHAREHOLDERS EQUITY
Retained Earnings $90.42M $81.71M
YoY Change 10.66% 7.44%
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 $115.3M $107.1M
YoY Change
Total Liabilities & Shareholders Equity $1.200B $1.101B
YoY Change 9.05% 13.06%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income $2.924M $2.016M
YoY Change 45.05% 7.01%
Depreciation, Depletion And Amortization $770.9K $746.6K
YoY Change 3.25% 16.69%
Cash From Operating Activities $8.460M $3.530M
YoY Change 139.66% 186.99%
INVESTING ACTIVITIES
Capital Expenditures -$270.0K -$480.0K
YoY Change -43.75% -28.36%
Acquisitions
YoY Change
Other Investing Activities -$27.72M -$62.51M
YoY Change -55.66% 52.84%
Cash From Investing Activities -$27.99M -$62.98M
YoY Change -55.56% 51.47%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 13.57M 59.33M
YoY Change -77.13% 83.97%
NET CHANGE
Cash From Operating Activities 8.460M 3.530M
Cash From Investing Activities -27.99M -62.98M
Cash From Financing Activities 13.57M 59.33M
Net Change In Cash -5.960M -120.0K
YoY Change 4866.67% -98.52%
FREE CASH FLOW
Cash From Operating Activities $8.460M $3.530M
Capital Expenditures -$270.0K -$480.0K
Free Cash Flow $8.730M $4.010M
YoY Change 117.71% 111.05%

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OtherComprehensiveIncomeAmortizationonUnrealizedGainonAFSTransfertoHTMTax
313 USD
CY2020Q2 sfdl Other Comprehensive Income Amortizationon Unrealized Gainon Afs Transferto Htm Tax
OtherComprehensiveIncomeAmortizationonUnrealizedGainonAFSTransfertoHTMTax
-2075 USD
CY2021Q2 sfdl Amortizationof Unrealized Gainson Afs Securities Transferredto Htm
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938 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Transfers From Held To Maturity To Available For Sale Securities Net Of Tax
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CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
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3427385 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
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9119097 USD
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
6351527 USD
CY2020Q2 us-gaap Comprehensive Income Net Of Tax
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11135428 USD
us-gaap Net Income Loss
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6102934 USD
us-gaap Net Income Loss
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3080518 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
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-664332 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
2556079 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax
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-2036955 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax
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7866288 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
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298330 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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894990 USD
sfdl Other Comprehensive Income Amortizationon Unrealized Gainon Afs Transferto Htm Tax
OtherComprehensiveIncomeAmortizationonUnrealizedGainonAFSTransfertoHTMTax
-365 USD
sfdl Other Comprehensive Income Amortizationon Unrealized Gainon Afs Transferto Htm Tax
OtherComprehensiveIncomeAmortizationonUnrealizedGainonAFSTransfertoHTMTax
-3855 USD
sfdl Amortizationof Unrealized Gainson Afs Securities Transferredto Htm
AmortizationofUnrealizedGainsonAFSSecuritiesTransferredtoHTM
-1096 USD
us-gaap Other Comprehensive Income Loss Transfers From Held To Maturity To Available For Sale Securities Net Of Tax
OtherComprehensiveIncomeLossTransfersFromHeldToMaturityToAvailableForSaleSecuritiesNetOfTax
-11564 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-2038051 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
6959734 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
4064883 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
10040252 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
91758005 USD
CY2020Q1 us-gaap Net Income Loss
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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
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
111905746 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
3178792 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-5465436 USD
CY2021Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
357817 USD
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
109261285 USD
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
2924142 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
3427385 USD
CY2021Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
357818 USD
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
115254994 USD
us-gaap Net Income Loss
NetIncomeLoss
6102934 USD
us-gaap Net Income Loss
NetIncomeLoss
3080518 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
981263 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
936139 USD
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-3267954 USD
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-2255935 USD
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
-1605000 USD
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
1400000 USD
us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
330000 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
2090415 USD
us-gaap Loans And Leases Receivable Gain Loss On Sales Net
LoansAndLeasesReceivableGainLossOnSalesNet
1309266 USD
us-gaap Availableforsale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments
AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments
0 USD
us-gaap Availableforsale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments
AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments
1193320 USD
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
105422 USD
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
23007 USD
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
182788 USD
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
187002 USD
us-gaap Amortization Of Deferred Loan Origination Fees Net
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-1894199 USD
us-gaap Amortization Of Deferred Loan Origination Fees Net
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-371886 USD
us-gaap Proceeds From Sale Of Loans Held For Sale
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64892907 USD
us-gaap Proceeds From Sale Of Loans Held For Sale
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41597366 USD
us-gaap Payments For Origination And Purchases Of Loans Held For Sale
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61887199 USD
us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
42453324 USD
us-gaap Increase Decrease In Interest And Dividends Receivable
IncreaseDecreaseInInterestAndDividendsReceivable
101614 USD
us-gaap Increase Decrease In Interest And Dividends Receivable
IncreaseDecreaseInInterestAndDividendsReceivable
1245887 USD
us-gaap Increase Decrease In Other Receivables
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16536 USD
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
24016 USD
us-gaap Increase Decrease In Accrued Investment Income Receivable
IncreaseDecreaseInAccruedInvestmentIncomeReceivable
109108 USD
us-gaap Increase Decrease In Accrued Investment Income Receivable
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-275557 USD
us-gaap Increase Decrease In Customer Advances
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214123 USD
us-gaap Increase Decrease In Customer Advances
IncreaseDecreaseInCustomerAdvances
293911 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-1111430 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-795549 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
12402304 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
4675043 USD
us-gaap Payments To Acquire Mortgage Backed Securities Mbs Categorized As Available For Sale
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38774193 USD
us-gaap Payments To Acquire Mortgage Backed Securities Mbs Categorized As Available For Sale
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50610348 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
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28080269 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
21546195 USD
us-gaap Payments To Acquire Mortgage Backed Securities Mbs Categorized As Held To Maturity
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-1941482 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Mortgage Backed Securities Mbs
ProceedsFromMaturitiesPrepaymentsAndCallsOfMortgageBackedSecuritiesMBS
2023047 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Mortgage Backed Securities Mbs
ProceedsFromMaturitiesPrepaymentsAndCallsOfMortgageBackedSecuritiesMBS
2271470 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
25120248 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
46571411 USD
us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
18664432 USD
us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
26631818 USD
us-gaap Proceeds From Payments For In Interest Bearing Deposits In Banks
ProceedsFromPaymentsForInInterestBearingDepositsInBanks
250000 USD
us-gaap Proceeds From Payments For In Interest Bearing Deposits In Banks
ProceedsFromPaymentsForInInterestBearingDepositsInBanks
0 USD
sfdl Purchase Of Fhlb Stock
PurchaseOfFhlbStock
0 USD
sfdl Purchase Of Fhlb Stock
PurchaseOfFhlbStock
6031400 USD
us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
-1393300 USD
us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
-5895100 USD
sfdl Increase Decrease In Loans Receivable
IncreaseDecreaseInLoansReceivable
25323771 USD
sfdl Increase Decrease In Loans Receivable
IncreaseDecreaseInLoansReceivable
81214022 USD
us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
454332 USD
us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
536047 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
590224 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
767610 USD
us-gaap Net Cash Provided By Used In Investing Activities
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-40884538 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-128314161 USD
us-gaap Increase Decrease In Customer Deposits
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76259023 USD
us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
103778075 USD
us-gaap Proceeds From Federal Home Loan Bank Advances
ProceedsFromFederalHomeLoanBankAdvances
0 USD
us-gaap Proceeds From Federal Home Loan Bank Advances
ProceedsFromFederalHomeLoanBankAdvances
226285000 USD
us-gaap Payments For Federal Home Loan Bank Advances
PaymentsForFederalHomeLoanBankAdvances
25000000 USD
us-gaap Payments For Federal Home Loan Bank Advances
PaymentsForFederalHomeLoanBankAdvances
221923000 USD
us-gaap Proceeds From Repayments Of Other Debt
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11110440 USD
us-gaap Proceeds From Repayments Of Other Debt
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9373253 USD
us-gaap Repayments Of Convertible Debt
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-132000 USD
us-gaap Proceeds From Bank Debt
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171515000 USD
us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
19900000 USD
us-gaap Repayments Of Short Term Debt
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-209565000 USD
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
-10200000 USD
us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
0 USD
us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
12968 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
715635 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
650697 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
23603828 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
126443599 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-4878406 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
2804481 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
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
13147003 USD
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
15340792 USD
us-gaap Interest Paid
InterestPaid
1323087 USD
us-gaap Interest Paid
InterestPaid
4184818 USD
us-gaap Income Taxes Paid
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1705442 USD
us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
0 USD
us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
19600 USD
us-gaap Debt Conversion Converted Instrument Amount1
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5912000 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”) 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.
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2924142 USD
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3252884 shares
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.90
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
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
6102934 USD
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3252884 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.88
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3080518 USD
us-gaap Weighted Average Number Of Shares Outstanding Basic
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3172669 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.97
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586101589 USD
us-gaap Available For Sale Securities Gross Unrealized Gains
AvailableForSaleSecuritiesGrossUnrealizedGains
16888720 USD
us-gaap Available For Sale Securities Gross Unrealized Loss
AvailableForSaleSecuritiesGrossUnrealizedLoss
2403202 USD
CY2021Q2 us-gaap Available For Sale Securities
AvailableForSaleSecurities
600587107 USD
CY2020Q4 us-gaap Available For Sale Securities Amortized Cost
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572137595 USD
CY2021Q1 us-gaap Available For Sale Securities Gross Unrealized Gains
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19456692 USD
CY2021Q1 us-gaap Available For Sale Securities Gross Unrealized Loss
AvailableForSaleSecuritiesGrossUnrealizedLoss
2269886 USD
CY2020Q4 us-gaap Available For Sale Securities
AvailableForSaleSecurities
589324401 USD
CY2021Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
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142477 USD
CY2021Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
137897 USD
CY2021Q2 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
6927928 USD
CY2021Q2 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
6944786 USD
CY2021Q2 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
87928114 USD
CY2021Q2 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
88881575 USD
CY2021Q2 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
213736570 USD
CY2021Q2 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
220192955 USD
CY2021Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
586101589 USD
CY2021Q2 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue
600587107 USD
CY2021Q2 sfdl Available For Sale Securities Pledged As Collateral Amortized Cost Basis
AvailableForSaleSecuritiesPledgedAsCollateralAmortizedCostBasis
297000000.0 USD
CY2021Q2 us-gaap Pledged Assets Separately Reported Other Debt Securities Available For Sale Or Held For Investment
PledgedAssetsSeparatelyReportedOtherDebtSecuritiesAvailableForSaleOrHeldForInvestment
307800000 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
CY2021Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
112684725 USD
CY2021Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
1927669 USD
CY2021Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
68682919 USD
CY2021Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
475533 USD
CY2021Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
181367644 USD
CY2021Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
2403202 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
CY2021Q2 sfdl Available For Sale Percent Of Unrealized Losses For Securities In Continuous Loss Position12 Months Or Longer
AvailableForSalePercentOfUnrealizedLossesForSecuritiesInContinuousLossPosition12MonthsOrLonger
0.198
CY2020Q4 sfdl Available For Sale Percent Of Unrealized Losses For Securities In Continuous Loss Position12 Months Or Longer
AvailableForSalePercentOfUnrealizedLossesForSecuritiesInContinuousLossPosition12MonthsOrLonger
0.370
CY2021Q2 us-gaap Availableforsale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions1
AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1
76 security
CY2020Q4 us-gaap Availableforsale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions1
AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1
88 security
CY2021Q2 us-gaap Held To Maturity Securities Amortized Cost Before Other Than Temporary Impairment
HeldToMaturitySecuritiesAmortizedCostBeforeOtherThanTemporaryImpairment
18090623 USD
sfdl Heldtomaturitygrossunrealizedgains
Heldtomaturitygrossunrealizedgains
752263 USD
sfdl Heldtomaturitygrossunrealizedlosses
Heldtomaturitygrossunrealizedlosses
133217 USD
CY2021Q2 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
18709669 USD
CY2021Q2 us-gaap Pledged Financial Instruments Not Separately Reported Other Debt Securities Held To Maturity
PledgedFinancialInstrumentsNotSeparatelyReportedOtherDebtSecuritiesHeldToMaturity
11700000 USD
CY2021Q2 sfdl Heldtomaturitypledgedascollateralfairvalue
Heldtomaturitypledgedascollateralfairvalue
12400000 USD
CY2020Q4 us-gaap Pledged Financial Instruments Not Separately Reported Other Debt Securities Held To Maturity
PledgedFinancialInstrumentsNotSeparatelyReportedOtherDebtSecuritiesHeldToMaturity
13400000 USD
CY2020Q4 sfdl Heldtomaturitypledgedascollateralfairvalue
Heldtomaturitypledgedascollateralfairvalue
14300000 USD
CY2021Q2 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
5462706 USD
CY2021Q2 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
132735 USD
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CY2021Q2 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
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CY2021Q2 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
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sfdl Loans And Leases Receivable Valuation Period For New Appraisal
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CY2021Q2 us-gaap Impaired Financing Receivable Interest Income Accrual Method
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CY2021Q2 sfdl Tdrs Included In Impaired Loans
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CY2020Q4 sfdl Tdrs Included In Impaired Loans
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CY2021Q2 sfdl Financing Receivable Modifications Subsequent Default Aggregate Number Of Contracts
FinancingReceivableModificationsSubsequentDefaultAggregateNumberOfContracts
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sfdl Days Past Dueto Be Considered In Default
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CY2021Q2 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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CY2021Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
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CY2020Q4 sfdl Investment And Mortgage Backed Securities Fair Value Disclosure
InvestmentAndMortgageBackedSecuritiesFairValueDisclosure
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CY2020Q4 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
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CY2021Q2 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
13147000 USD
CY2021Q2 sfdl Certificates Of Deposits With Other Banks Fair Value Disclosure
CertificatesOfDepositsWithOtherBanksFairValueDisclosure
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CY2021Q2 sfdl Investment And Mortgage Backed Securities Fair Value Disclosure
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CY2021Q2 us-gaap Loans Receivable Fair Value Disclosure
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CY2021Q2 us-gaap Investment In Federal Home Loan Bank Stock Fair Value Disclosure
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CY2021Q2 sfdl Checking Savings And Money Market Accounts Fair Value Disclosure
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CY2021Q2 sfdl Certificate Accounts Carrying Value
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CY2021Q2 sfdl Certificate Accounts Fair Value Disclosure
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CY2021Q2 us-gaap Advances From Federal Home Loan Banks
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CY2021Q2 us-gaap Fair Value Liabilities Measured On Recurring Basis Obligations
FairValueLiabilitiesMeasuredOnRecurringBasisObligations
24227000 USD
CY2021Q2 us-gaap Fair Value Liabilities Measured On Recurring Basis Subordinated Debt Obligations
FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations
5155000 USD
CY2021Q2 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
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18025000 USD
CY2020Q4 sfdl Certificates Of Deposits With Other Banks Fair Value Disclosure
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350000 USD
CY2020Q4 us-gaap Investment In Federal Home Loan Bank Stock Fair Value Disclosure
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2354000 USD
CY2020Q4 sfdl Checking Savings And Money Market Accounts Fair Value Disclosure
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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
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180525000 USD
CY2020Q4 sfdl Certificate Accounts Fair Value Disclosure
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CY2020Q4 us-gaap Advances From Federal Home Loan Banks
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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
CY2021Q2 sfdl Service Feeson Deposit Accounts
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219174 USD
CY2020Q2 sfdl Service Feeson Deposit Accounts
ServiceFeesonDepositAccounts
188401 USD
CY2021Q2 sfdl Checkcardrevenue
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610626 USD
CY2020Q2 sfdl Checkcardrevenue
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509514 USD
CY2021Q2 sfdl Trust Income
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337343 USD
CY2020Q2 sfdl Trust Income
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238895 USD
CY2021Q2 us-gaap Insurance Commissions And Fees
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149923 USD
CY2020Q2 us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
163745 USD
CY2021Q2 us-gaap Gain On Sale Of Investments
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0 USD
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CY2021Q2 us-gaap Gain Loss On Sales Of Loans Net
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CY2020Q2 us-gaap Gain Loss On Sales Of Loans Net
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CY2021Q2 us-gaap Bank Owned Life Insurance Income
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CY2021Q2 sfdl Grant Revenue
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2805987 USD

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