$SFDL
SECURITY FEDERAL CORP Stock $sfdl

$sfdl Overview Financials Valuation SEC Filings Company Website

2022 Q1 Form 10-Q Financial Statement

#000093905722000148 Filed on May 16, 2022

Income Statement

Concept	2022 Q1	2021 Q3	2021 Q1
Revenue	$8.700M	$9.668M	$9.097M
YoY Change	-4.37%	3.52%	0.03%
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	$720.7K	$781.2K	$802.8K
YoY Change	-10.24%	13.36%	16.2%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense	$794.6K	$845.0K	$1.078M
YoY Change	-26.26%	-40.95%	-51.44%
% of Operating Profit
Other Income/Expense, Net	$944.5K	$802.0K	$724.4K
YoY Change	30.39%	56.12%	-19.02%
Pretax Income	$1.914M	$5.969M	$4.054M
YoY Change	-52.79%	490.99%	205.26%
Income Tax	$364.7K	$1.327M	$875.0K
% Of Pretax Income	19.06%	22.23%	21.59%
Net Earnings	$1.549M	$1.549M	$3.179M
YoY Change	-51.27%	-51.27%	198.76%
Net Earnings / Revenue	17.81%	16.02%	34.94%
Basic Earnings Per Share	$0.48	$1.43	$0.98
Diluted Earnings Per Share	$476.2K	$1.428M	$978.5K
COMMON SHARES
Basic Shares Outstanding	3.253M shares	3.253M shares	3.253M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2022 Q1	2021 Q3	2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents	$31.11M	$13.56M	$19.10M
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	$28.11M	$26.19M	$26.40M
YoY Change	6.48%	-1.89%	-2.36%
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	$1.190M
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets	$1.300B	$1.230B	$1.179B
YoY Change	10.21%	8.95%	14.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$2.189M	$2.400M	$2.300M
YoY Change	-4.83%	-4.0%	-11.54%
Deferred Revenue
YoY Change
Short-Term Debt	$34.25M	$42.00M	$20.50M
YoY Change	67.08%	17.32%	20.59%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$2.189M	$2.400M	$2.300M
YoY Change	-4.83%	-4.0%	-11.54%
LONG-TERM LIABILITIES
Long-Term Debt	$35.16M	$35.20M	$35.20M
YoY Change	-0.13%	0.0%	0.0%
Other Long-Term Liabilities	$5.800M	$7.100M	$7.100M
YoY Change	-18.31%	10.94%	5.97%
Total Long-Term Liabilities	$40.95M	$42.30M	$42.30M
YoY Change	-3.18%	1.68%	0.95%
TOTAL LIABILITIES
Total Short-Term Liabilities	$2.189M	$2.400M	$2.300M
Total Long-Term Liabilities	$40.95M	$42.30M	$42.30M
Total Liabilities	$1.203B	$1.114B	$1.070B
YoY Change	12.44%	9.16%	14.64%
SHAREHOLDERS EQUITY
Retained Earnings	$97.53M	$94.70M	$87.85M
YoY Change	11.02%	15.08%	9.79%
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	$96.46M	$96.46M	$109.3M
YoY Change
Total Liabilities & Shareholders Equity	$1.300B	$1.230B	$1.179B
YoY Change	10.21%	8.95%	14.53%

Cashflow Statement

Concept	2022 Q1	2021 Q3	2021 Q1
OPERATING ACTIVITIES
Net Income	$1.549M	$1.549M	$3.179M
YoY Change	-51.27%	-51.27%	198.76%
Depreciation, Depletion And Amortization	$720.7K	$781.2K	$802.8K
YoY Change	-10.24%	13.36%	16.2%
Cash From Operating Activities	$5.557M	$8.650M	$2.870M
YoY Change	93.67%	225.19%	149.19%
INVESTING ACTIVITIES
Capital Expenditures	$1.223M	-$500.0K	$320.1K
YoY Change	282.22%	354.55%	11.75%
Acquisitions
YoY Change
Other Investing Activities	-$17.90M	-$36.70M	-$12.57M
YoY Change	42.36%	25.68%	-80.67%
Cash From Investing Activities	-$19.12M	-$37.20M	-$11.82M
YoY Change	61.77%	26.88%	-81.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	$17.05M	28.96M	$10.03M
YoY Change	70.01%	7.58%	-85.06%
NET CHANGE
Cash From Operating Activities	$5.557M	8.650M	$2.870M
Cash From Investing Activities	-$19.12M	-37.20M	-$11.82M
Cash From Financing Activities	$17.05M	28.96M	$10.03M
Net Change In Cash	$3.487M	410.0K	$1.079M
YoY Change	223.09%	57.69%	-63.11%
FREE CASH FLOW
Cash From Operating Activities	$5.557M	$8.650M	$2.870M
Capital Expenditures	$1.223M	-$500.0K	$320.1K
Free Cash Flow	$4.334M	$9.150M	$2.549M
YoY Change	69.99%	230.32%	194.7%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2022Q1	dei	Amendment Flag AmendmentFlag	false
CY2022Q1	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	SC
CY2022Q1	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	57-0858504
CY2022Q1	dei	Entity Central Index Key EntityCentralIndexKey	0000818677
CY2022Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2022Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2022
CY2022Q1	dei	Document Period End Date DocumentPeriodEndDate	2022-03-31
CY2022Q1	dei	Document Transition Report DocumentTransitionReport	false
CY2022Q1	dei	Entity File Number EntityFileNumber	000-16120
CY2022Q1	dei	Entity Registrant Name EntityRegistrantName	SECURITY FEDERAL CORPORATION
CY2022Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2022Q1	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2022Q1	dei	Document Transition Report DocumentTransitionReport	false
CY2022Q1	dei	Document Type DocumentType	10-Q
CY2022Q1	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2022Q1	dei	Entity Address Address Line1 EntityAddressAddressLine1	238 Richland Avenue Northwest
CY2022Q1	dei	Entity Address City Or Town EntityAddressCityOrTown	Aiken
CY2022Q1	dei	Entity Address State Or Province EntityAddressStateOrProvince	SC
CY2022Q1	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	29801
CY2022Q1	dei	City Area Code CityAreaCode	803
CY2022Q1	dei	Local Phone Number LocalPhoneNumber	641-3000
CY2022Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2022Q1	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2022Q1	dei	Entity Small Business EntitySmallBusiness	true
CY2022Q1	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2022Q1	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2022Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2022Q1	dei	Entity Shell Company EntityShellCompany	false
CY2022Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	3252884	shares
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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
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	115522525	USD
CY2021Q3	us-gaap	Net Income Loss NetIncomeLoss	1549031	USD
CY2021Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-20222858	USD
CY2021Q3	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	390346	USD
CY2021Q3	us-gaap	Stockholders Equity StockholdersEquity	96458352	USD
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	1549031	USD
CY2021Q1	us-gaap	Net Income Loss NetIncomeLoss	3178792	USD
CY2022Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	491565	USD
CY2021Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	491501	USD
CY2022Q1	us-gaap	Accretion Amortization Of Discounts And Premiums Investments AccretionAmortizationOfDiscountsAndPremiumsInvestments	-1975822	USD
CY2021Q1	us-gaap	Accretion Amortization Of Discounts And Premiums Investments AccretionAmortizationOfDiscountsAndPremiumsInvestments	-1493219	USD
CY2022Q1	us-gaap	Provision For Loan Lease And Other Losses ProvisionForLoanLeaseAndOtherLosses	0	USD
CY2021Q1	us-gaap	Provision For Loan Lease And Other Losses ProvisionForLoanLeaseAndOtherLosses	-870000	USD
CY2022Q1	us-gaap	Life Insurance Corporate Or Bank Owned Change In Value LifeInsuranceCorporateOrBankOwnedChangeInValue	157241	USD
CY2021Q1	us-gaap	Life Insurance Corporate Or Bank Owned Change In Value LifeInsuranceCorporateOrBankOwnedChangeInValue	165000	USD
CY2022Q1	us-gaap	Loans And Leases Receivable Gain Loss On Sales Net LoansAndLeasesReceivableGainLossOnSalesNet	713893	USD
CY2021Q1	us-gaap	Loans And Leases Receivable Gain Loss On Sales Net LoansAndLeasesReceivableGainLossOnSalesNet	1071481	USD
CY2022Q1	us-gaap	Gains Losses On Sales Of Other Real Estate GainsLossesOnSalesOfOtherRealEstate	0	USD
CY2021Q1	us-gaap	Gains Losses On Sales Of Other Real Estate GainsLossesOnSalesOfOtherRealEstate	105422	USD
CY2022Q1	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	106852	USD
CY2021Q1	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	91044	USD
CY2022Q1	us-gaap	Proceeds From Sale Of Loans Held For Sale ProceedsFromSaleOfLoansHeldForSale	20285158	USD
CY2021Q1	us-gaap	Proceeds From Sale Of Loans Held For Sale ProceedsFromSaleOfLoansHeldForSale	31523356	USD
CY2022Q1	us-gaap	Payments For Origination And Purchases Of Loans Held For Sale PaymentsForOriginationAndPurchasesOfLoansHeldForSale	19118235	USD
CY2021Q1	us-gaap	Payments For Origination And Purchases Of Loans Held For Sale PaymentsForOriginationAndPurchasesOfLoansHeldForSale	31230874	USD
CY2022Q1	us-gaap	Increase Decrease In Interest And Dividends Receivable IncreaseDecreaseInInterestAndDividendsReceivable	8903	USD
CY2021Q1	us-gaap	Increase Decrease In Interest And Dividends Receivable IncreaseDecreaseInInterestAndDividendsReceivable	253807	USD
CY2022Q1	us-gaap	Increase Decrease In Accrued Investment Income Receivable IncreaseDecreaseInAccruedInvestmentIncomeReceivable	94084	USD
CY2021Q1	us-gaap	Increase Decrease In Accrued Investment Income Receivable IncreaseDecreaseInAccruedInvestmentIncomeReceivable	29988	USD
CY2022Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-902012	USD
CY2021Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	181777	USD
CY2022Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	5557428	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	2869563	USD
CY2022Q1	us-gaap	Payments To Acquire Mortgage Backed Securities Mbs Categorized As Available For Sale PaymentsToAcquireMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale	43978806	USD
CY2021Q1	us-gaap	Payments To Acquire Mortgage Backed Securities Mbs Categorized As Available For Sale PaymentsToAcquireMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale	9885592	USD
CY2022Q1	us-gaap	Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities	30072755	USD
CY2021Q1	us-gaap	Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities	21735920	USD
CY2022Q1	us-gaap	Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities	1391444	USD
CY2021Q1	us-gaap	Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities	926540	USD
CY2022Q1	us-gaap	Proceeds From Payments For In Interest Bearing Deposits In Banks ProceedsFromPaymentsForInInterestBearingDepositsInBanks	0	USD
CY2021Q1	us-gaap	Proceeds From Payments For In Interest Bearing Deposits In Banks ProceedsFromPaymentsForInInterestBearingDepositsInBanks	250000	USD
CY2022Q1	sfdl	Purchase Of Fhlb Stock PurchaseOfFhlbStock	64800	USD
CY2021Q1	sfdl	Purchase Of Fhlb Stock PurchaseOfFhlbStock	0	USD
CY2022Q1	us-gaap	Payments For Proceeds From Federal Home Loan Bank Stock PaymentsForProceedsFromFederalHomeLoanBankStock	0	USD
CY2021Q1	us-gaap	Payments For Proceeds From Federal Home Loan Bank Stock PaymentsForProceedsFromFederalHomeLoanBankStock	-455800	USD
CY2022Q1	sfdl	Increase Decrease In Loans Receivable IncreaseDecreaseInLoansReceivable	5315638	USD
CY2021Q1	sfdl	Increase Decrease In Loans Receivable IncreaseDecreaseInLoansReceivable	25435148	USD
CY2022Q1	us-gaap	Proceeds From Sale Of Foreclosed Assets ProceedsFromSaleOfForeclosedAssets	0	USD
CY2021Q1	us-gaap	Proceeds From Sale Of Foreclosed Assets ProceedsFromSaleOfForeclosedAssets	454332	USD
CY2022Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	1223499	USD
CY2021Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	320100	USD
CY2022Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-19118544	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-11818248	USD
CY2022Q1	us-gaap	Increase Decrease In Customer Deposits IncreaseDecreaseInCustomerDeposits	9972359	USD
CY2021Q1	us-gaap	Increase Decrease In Customer Deposits IncreaseDecreaseInCustomerDeposits	51705946	USD
CY2022Q1	us-gaap	Proceeds From Repayments Of Other Debt ProceedsFromRepaymentsOfOtherDebt	7466530	USD
CY2021Q1	us-gaap	Proceeds From Repayments Of Other Debt ProceedsFromRepaymentsOfOtherDebt	7379944	USD
CY2022Q1	us-gaap	Proceeds From Bank Debt ProceedsFromBankDebt	109025000	USD
CY2021Q1	us-gaap	Proceeds From Bank Debt ProceedsFromBankDebt	90900000	USD
CY2022Q1	us-gaap	Repayments Of Short Term Debt RepaymentsOfShortTermDebt	-109025000	USD
CY2021Q1	us-gaap	Repayments Of Short Term Debt RepaymentsOfShortTermDebt	-139600000	USD
CY2022Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	390346	USD
CY2021Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	357817	USD
CY2022Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	17048543	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	10028073	USD
CY2022Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	3487427	USD
CY2021Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	1079388	USD
CY2021Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	27622851	USD
CY2020Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	18025409	USD
CY2022Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	31110278	USD
CY2021Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	19104797	USD
CY2022Q1	us-gaap	Interest Paid Net InterestPaidNet	402484	USD
CY2021Q1	us-gaap	Interest Paid Net InterestPaidNet	701955	USD
CY2022Q1	us-gaap	Basis Of Accounting BasisOfAccounting	The 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”) 2021 Annual Report to Shareholders which was filed as an exhibit to our Annual Report on Form 10-K for the year ended December 31, 2021 (“2021 10-K”) when reviewing interim financial statements.
CY2022Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	1549031	USD
CY2022Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	3252884	shares
CY2022Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.48
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
CY2022Q1	us-gaap	Available For Sale Securities Gross Unrealized Gains AvailableForSaleSecuritiesGrossUnrealizedGains	3151537	USD
CY2022Q1	us-gaap	Available For Sale Securities Amortized Cost AvailableForSaleSecuritiesAmortizedCost	687898352	USD
CY2022Q1	us-gaap	Available For Sale Securities Gross Unrealized Loss AvailableForSaleSecuritiesGrossUnrealizedLoss	22991926	USD
CY2022Q1	us-gaap	Available For Sale Securities AvailableForSaleSecurities	668057963	USD
CY2021Q4	us-gaap	Available For Sale Securities Amortized Cost AvailableForSaleSecuritiesAmortizedCost	675913305	USD
	us-gaap	Available For Sale Securities Gross Unrealized Gains AvailableForSaleSecuritiesGrossUnrealizedGains	12591188	USD
	us-gaap	Available For Sale Securities Gross Unrealized Loss AvailableForSaleSecuritiesGrossUnrealizedLoss	5655435	USD
CY2021Q4	us-gaap	Available For Sale Securities AvailableForSaleSecurities	682849058	USD
CY2022Q1	us-gaap	Available For Sale Securities Debt Maturities Within One Year Amortized Cost AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost	534371	USD
CY2022Q1	us-gaap	Available For Sale Securities Debt Maturities Within One Year Fair Value AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue	539925	USD
CY2022Q1	us-gaap	Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost	6267665	USD
CY2022Q1	us-gaap	Available For Sale Securities Debt Maturities After One Through Five Years Fair Value AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue	6218626	USD
CY2022Q1	us-gaap	Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost	85826597	USD
CY2022Q1	us-gaap	Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue	84508438	USD
CY2022Q1	us-gaap	Available For Sale Securities Debt Maturities After Ten Years Amortized Cost AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost	217031877	USD
CY2022Q1	us-gaap	Available For Sale Securities Debt Maturities After Ten Years Fair Value AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue	211981778	USD
CY2022Q1	us-gaap	Available For Sale Debt Securities Amortized Cost Basis AvailableForSaleDebtSecuritiesAmortizedCostBasis	687898352	USD
CY2022Q1	us-gaap	Available For Sale Securities Debt Maturities Without Single Maturity Date Fair Value AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue	668057963	USD
CY2022Q1	us-gaap	Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue	408357334	USD
CY2022Q1	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss	17881433	USD
CY2022Q1	us-gaap	Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue	93284383	USD
CY2022Q1	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss	5110493	USD
CY2022Q1	us-gaap	Available For Sale Securities Continuous Unrealized Loss Position Fair Value AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue	501641717	USD
CY2022Q1	us-gaap	Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss	22991926	USD
CY2021Q4	us-gaap	Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue	240863386	USD
CY2021Q4	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss	3854991	USD
CY2021Q4	us-gaap	Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue	84912501	USD
CY2021Q4	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss	1800444	USD
CY2021Q4	us-gaap	Available For Sale Securities Continuous Unrealized Loss Position Fair Value AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue	325775887	USD
CY2021Q4	us-gaap	Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss	5655435	USD
CY2022Q1	us-gaap	Held To Maturity Securities Amortized Cost Before Other Than Temporary Impairment HeldToMaturitySecuritiesAmortizedCostBeforeOtherThanTemporaryImpairment	22060506	USD
CY2022Q1	sfdl	Heldtomaturitygrossunrealizedgains Heldtomaturitygrossunrealizedgains	174809	USD
CY2022Q1	sfdl	Heldtomaturitygrossunrealizedlosses Heldtomaturitygrossunrealizedlosses	1194332	USD
CY2022Q1	us-gaap	Held To Maturity Securities Fair Value HeldToMaturitySecuritiesFairValue	21040983	USD
CY2021Q4	us-gaap	Held To Maturity Securities Amortized Cost Before Other Than Temporary Impairment HeldToMaturitySecuritiesAmortizedCostBeforeOtherThanTemporaryImpairment	23506768	USD
	sfdl	Heldtomaturitygrossunrealizedgains Heldtomaturitygrossunrealizedgains	577005	USD
	sfdl	Heldtomaturitygrossunrealizedlosses Heldtomaturitygrossunrealizedlosses	363365	USD
CY2021Q4	us-gaap	Held To Maturity Securities Fair Value HeldToMaturitySecuritiesFairValue	23720408	USD
CY2022Q1	us-gaap	Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue	12853559	USD
CY2022Q1	us-gaap	Held To Maturity Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss	865430	USD
CY2022Q1	us-gaap	Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value HeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue	2732371	USD
CY2022Q1	us-gaap	Held To Maturity Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss	328902	USD
CY2022Q1	us-gaap	Held To Maturity Securities Continuous Unrealized Loss Position Fair Value HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue	15585930	USD
CY2022Q1	us-gaap	Held To Maturity Securities Continuous Unrealized Loss Position Accumulated Loss HeldToMaturitySecuritiesContinuousUnrealizedLossPositionAccumulatedLoss	1194332	USD
CY2021Q4	us-gaap	Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue	9969587	USD
CY2021Q4	us-gaap	Held To Maturity Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss	206472	USD
CY2021Q4	us-gaap	Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value HeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue	3442229	USD
CY2021Q4	us-gaap	Held To Maturity Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss	156893	USD
CY2021Q4	us-gaap	Held To Maturity Securities Continuous Unrealized Loss Position Fair Value HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue	13411816	USD
CY2021Q4	us-gaap	Held To Maturity Securities Continuous Unrealized Loss Position Accumulated Loss HeldToMaturitySecuritiesContinuousUnrealizedLossPositionAccumulatedLoss	363365	USD
CY2022Q1	us-gaap	Notes Receivable Gross NotesReceivableGross	512749991	USD
CY2021Q4	us-gaap	Notes Receivable Gross NotesReceivableGross	507630182	USD
CY2022Q1	us-gaap	Loans And Leases Receivable Allowance LoansAndLeasesReceivableAllowance	11128963	USD
CY2021Q4	us-gaap	Loans And Leases Receivable Allowance LoansAndLeasesReceivableAllowance	11087164	USD
CY2022Q1	us-gaap	Loans And Leases Receivable Deferred Income LoansAndLeasesReceivableDeferredIncome	846995	USD
CY2021Q4	us-gaap	Loans And Leases Receivable Deferred Income LoansAndLeasesReceivableDeferredIncome	1084623	USD
CY2022Q1	sfdl	Loans Receivable Allowance Loans In Process And Deferred Loan Fees LoansReceivableAllowanceLoansInProcessAndDeferredLoanFees	11975958	USD
CY2021Q4	sfdl	Loans Receivable Allowance Loans In Process And Deferred Loan Fees LoansReceivableAllowanceLoansInProcessAndDeferredLoanFees	12171787	USD
CY2022Q1	us-gaap	Loans And Leases Receivable Net Reported Amount LoansAndLeasesReceivableNetReportedAmount	500774033	USD
CY2022Q4	us-gaap	Loans And Leases Receivable Net Reported Amount LoansAndLeasesReceivableNetReportedAmount	495458395	USD
CY2022Q1	us-gaap	Notes Receivable Gross NotesReceivableGross	512749991	USD
CY2021Q4	us-gaap	Notes Receivable Gross NotesReceivableGross	507630182	USD
CY2022Q1	us-gaap	Notes And Loans Receivable Gross Noncurrent NotesAndLoansReceivableGrossNoncurrent	4562019	USD
CY2022Q1	us-gaap	Accounts Receivable Gross Current AccountsReceivableGrossCurrent	508187972	USD
CY2022Q1	us-gaap	Notes Receivable Gross NotesReceivableGross	512749991	USD
CY2021Q4	us-gaap	Notes And Loans Receivable Gross Noncurrent NotesAndLoansReceivableGrossNoncurrent	2147276	USD
CY2021Q4	us-gaap	Accounts Receivable Gross Current AccountsReceivableGrossCurrent	505482906	USD
CY2021Q4	us-gaap	Notes Receivable Gross NotesReceivableGross	507630182	USD
CY2022Q1	sfdl	Nonperforming Loans Accrual Status Minimum Consecutive Payments NonperformingLoansAccrualStatusMinimumConsecutivePayments	90
CY2022Q1	us-gaap	Financing Receivable Recorded Investment Nonaccrual Status FinancingReceivableRecordedInvestmentNonaccrualStatus	2821534	USD
CY2021Q4	us-gaap	Financing Receivable Recorded Investment Nonaccrual Status FinancingReceivableRecordedInvestmentNonaccrualStatus	2683387	USD
CY2021Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	11087164	USD
CY2022Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	0	USD
CY2022Q1	us-gaap	Allowance For Doubtful Accounts Receivable Write Offs AllowanceForDoubtfulAccountsReceivableWriteOffs	31871	USD
CY2022Q1	us-gaap	Allowance For Doubtful Accounts Receivable Recoveries AllowanceForDoubtfulAccountsReceivableRecoveries	73670	USD
CY2022Q1	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	11128963	USD
CY2022Q1	us-gaap	Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1 FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1	0	USD
CY2022Q1	us-gaap	Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment	11128963	USD
CY2022Q1	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	11128963	USD
CY2022Q1	us-gaap	Impaired Financing Receivable Recorded Investment ImpairedFinancingReceivableRecordedInvestment	2400725	USD
CY2022Q1	us-gaap	Impaired Financing Receivable Unpaid Principal Balance ImpairedFinancingReceivableUnpaidPrincipalBalance	3832725	USD
CY2021Q4	us-gaap	Impaired Financing Receivable Recorded Investment ImpairedFinancingReceivableRecordedInvestment	2323307	USD
CY2021Q4	us-gaap	Impaired Financing Receivable Unpaid Principal Balance ImpairedFinancingReceivableUnpaidPrincipalBalance	3736807	USD
CY2022Q1	us-gaap	Impaired Financing Receivable Average Recorded Investment ImpairedFinancingReceivableAverageRecordedInvestment	2424143	USD
CY2022Q1	us-gaap	Impaired Financing Receivable Interest Income Accrual Method ImpairedFinancingReceivableInterestIncomeAccrualMethod	0	USD
CY2021Q1	us-gaap	Impaired Financing Receivable Average Recorded Investment ImpairedFinancingReceivableAverageRecordedInvestment	2608748	USD
CY2021Q1	us-gaap	Impaired Financing Receivable Interest Income Accrual Method ImpairedFinancingReceivableInterestIncomeAccrualMethod	1856	USD
CY2022Q1	sfdl	Days Past Dueto Be Considered In Default DaysPastDuetoBeConsideredInDefault	30
CY2022Q1	sfdl	Nonperforming Loans Accrual Status Minimum Consecutive Payments NonperformingLoansAccrualStatusMinimumConsecutivePayments	6	payments
CY2022Q1	sfdl	Investor Funding Period InvestorFundingPeriod	P30D
CY2022Q1	sfdl	Certificate Accounts Fair Value Disclosure CertificateAccountsFairValueDisclosure	150839000	USD
CY2022Q1	us-gaap	Fair Value Liabilities Measured On Recurring Basis Obligations FairValueLiabilitiesMeasuredOnRecurringBasisObligations	34252000	USD
CY2022Q1	us-gaap	Fair Value Liabilities Measured On Recurring Basis Subordinated Debt Obligations FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations	5155000	USD
CY2022Q1	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue	0	USD
CY2022Q1	us-gaap	Cash And Cash Equivalents Fair Value Disclosure CashAndCashEquivalentsFairValueDisclosure	31110000	USD
CY2022Q1	sfdl	Certificates Of Deposits With Other Banks Fair Value Disclosure CertificatesOfDepositsWithOtherBanksFairValueDisclosure	1100000	USD
CY2022Q1	sfdl	Investment And Mortgage Backed Securities Fair Value Disclosure InvestmentAndMortgageBackedSecuritiesFairValueDisclosure	21041000	USD
CY2022Q1	us-gaap	Loans Receivable Fair Value Disclosure LoansReceivableFairValueDisclosure	500700000	USD
CY2022Q1	us-gaap	Investment In Federal Home Loan Bank Stock Fair Value Disclosure InvestmentInFederalHomeLoanBankStockFairValueDisclosure	651000	USD
CY2022Q1	sfdl	Checking Savings And Money Market Accounts Fair Value Disclosure CheckingSavingsAndMoneyMarketAccountsFairValueDisclosure	973607000	USD
CY2022Q1	us-gaap	Fair Value Liabilities Measured On Recurring Basis Subordinated Debt Obligations FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations	5155000	USD
CY2021Q4	us-gaap	Cash And Cash Equivalents Fair Value Disclosure CashAndCashEquivalentsFairValueDisclosure	27623000	USD
CY2021Q4	sfdl	Certificates Of Deposits With Other Banks Fair Value Disclosure CertificatesOfDepositsWithOtherBanksFairValueDisclosure	1100000	USD
CY2021Q4	sfdl	Investment And Mortgage Backed Securities Fair Value Disclosure InvestmentAndMortgageBackedSecuritiesFairValueDisclosure	682849000	USD
CY2021Q4	us-gaap	Loans Receivable Fair Value Disclosure LoansReceivableFairValueDisclosure	503986000	USD
CY2021Q4	us-gaap	Investment In Federal Home Loan Bank Stock Fair Value Disclosure InvestmentInFederalHomeLoanBankStockFairValueDisclosure	586000	USD
CY2021Q4	sfdl	Checking Savings And Money Market Accounts Fair Value Disclosure CheckingSavingsAndMoneyMarketAccountsFairValueDisclosure	958601000	USD
CY2021Q4	sfdl	Checking Savings And Money Market Accounts Fair Value Disclosure CheckingSavingsAndMoneyMarketAccountsFairValueDisclosure	958601000	USD
CY2021Q4	sfdl	Certificate Accounts Carrying Value CertificateAccountsCarryingValue	157362000	USD
CY2021Q4	sfdl	Certificate Accounts Fair Value Disclosure CertificateAccountsFairValueDisclosure	157201000	USD
CY2021Q4	us-gaap	Fair Value Liabilities Measured On Recurring Basis Obligations FairValueLiabilitiesMeasuredOnRecurringBasisObligations	26785000	USD
CY2021Q4	us-gaap	Fair Value Liabilities Measured On Recurring Basis Subordinated Debt Obligations FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations	5155000	USD
CY2021Q4	us-gaap	Fair Value Liabilities Measured On Recurring Basis Subordinated Debt Obligations FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations	5155000	USD
CY2021Q4	us-gaap	Federal Funds Purchased FederalFundsPurchased	0	USD
CY2022Q1	us-gaap	Gain Loss On Sales Of Loans Net GainLossOnSalesOfLoansNet	713893	USD
CY2021Q1	us-gaap	Gain Loss On Sales Of Loans Net GainLossOnSalesOfLoansNet	1071481	USD
CY2022Q1	sfdl	Service Feeson Deposit Accounts ServiceFeesonDepositAccounts	257491	USD
CY2021Q1	sfdl	Service Feeson Deposit Accounts ServiceFeesonDepositAccounts	231934	USD
CY2022Q1	us-gaap	Insurance Commissions And Fees InsuranceCommissionsAndFees	139504	USD
CY2021Q1	us-gaap	Insurance Commissions And Fees InsuranceCommissionsAndFees	130503	USD
CY2022Q1	sfdl	Trust Income TrustIncome	364746	USD
CY2021Q1	sfdl	Trust Income TrustIncome	309139	USD
CY2022Q1	sfdl	Checkcardrevenue Checkcardrevenue	717267	USD
CY2021Q1	sfdl	Checkcardrevenue Checkcardrevenue	519843	USD
CY2022Q1	us-gaap	Noninterest Income Other Operating Income NoninterestIncomeOtherOperatingIncome	253182	USD
CY2021Q1	us-gaap	Noninterest Income Other Operating Income NoninterestIncomeOtherOperatingIncome	345752	USD
CY2022Q1	us-gaap	Noninterest Income NoninterestIncome	2603324	USD
CY2021Q1	us-gaap	Noninterest Income NoninterestIncome	2773652	USD

Files In Submission

Name	View Source	Status
0000939057-22-000148-index-headers.html	Edgar Link	pending
0000939057-22-000148-index.html	Edgar Link	pending
0000939057-22-000148.txt	Edgar Link	pending
0000939057-22-000148-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
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report.css	Edgar Link	pending
sfdl-20220331.htm	Edgar Link	pending
sfdl-20220331.xsd	Edgar Link	pending
sfdl-20220331xex311.htm	Edgar Link	pending
sfdl-20220331xex312.htm	Edgar Link	pending
sfdl-20220331xex32.htm	Edgar Link	pending
sfdl-20220331_cal.xml	Edgar Link	unprocessable
sfdl-20220331_def.xml	Edgar Link	unprocessable
sfdl-20220331_htm.xml	Edgar Link	completed
sfdl-20220331_lab.xml	Edgar Link	unprocessable
sfdl-20220331_pre.xml	Edgar Link	unprocessable
Show.js	Edgar Link	pending

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$SFDL
SECURITY FEDERAL CORP Stock $sfdl

2022 Q1 Form 10-Q Financial Statement

#000093905722000148 Filed on May 16, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SFDL SECURITY FEDERAL CORP Stock $sfdl

2022 Q1 Form 10-Q Financial Statement

#000093905722000148 Filed on May 16, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SFDL
SECURITY FEDERAL CORP Stock $sfdl