$SFDL
SECURITY FEDERAL CORP Stock $sfdl

$sfdl Overview Financials Valuation SEC Filings Company Website

2022 Q3 Form 10-Q Financial Statement

#000093905722000239 Filed on August 15, 2022

Income Statement

Concept	2022 Q3	2022 Q2	2022 Q1
Revenue	$11.29M	$9.388M	$8.700M
YoY Change	16.81%	7.69%	-4.37%
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	$751.7K	$806.5K	$720.7K
YoY Change	-3.77%	4.62%	-10.24%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense	$1.159M	$843.8K	$794.6K
YoY Change	37.2%	-13.75%	-26.26%
% of Operating Profit
Other Income/Expense, Net		$1.070M	$944.5K
YoY Change		30.71%	30.39%
Pretax Income	$4.080M	$2.753M	$1.914M
YoY Change	-31.65%	-25.91%	-52.79%
Income Tax	$855.0K	$589.1K	$364.7K
% Of Pretax Income	20.96%	21.4%	19.06%
Net Earnings	$3.225M	$2.164M	$1.549M
YoY Change	108.19%	-26.0%	-51.27%
Net Earnings / Revenue	28.56%	23.05%	17.81%
Basic Earnings Per Share	$0.99	$0.67	$0.48
Diluted Earnings Per Share	$990.0K	$670.0K	$476.2K
COMMON SHARES
Basic Shares Outstanding	3.253M shares	3.253M shares	3.253M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2022 Q3	2022 Q2	2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents	$20.07M	$78.87M	$31.11M
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	$29.40M	$29.00M	$28.11M
YoY Change	12.23%	10.77%	6.48%
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	$1.097M	$1.097M	$1.190M
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets	$1.358B	$1.402B	$1.300B
YoY Change	10.38%	16.83%	10.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$2.014M	$2.082M	$2.189M
YoY Change	-16.08%	-5.38%	-4.83%
Deferred Revenue
YoY Change
Short-Term Debt	$39.81M	$42.35M	$34.25M
YoY Change	-5.22%	21.33%	67.08%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$2.014M	$2.082M	$2.189M
YoY Change	-16.08%	-5.38%	-4.83%
LONG-TERM LIABILITIES
Long-Term Debt	$34.16M	$35.16M	$35.16M
YoY Change	-2.97%	-0.13%	-0.13%
Other Long-Term Liabilities	$6.590M	$5.990M	$5.800M
YoY Change	-7.18%	-24.17%	-18.31%
Total Long-Term Liabilities	$40.75M	$41.15M	$40.95M
YoY Change	-3.68%	-4.53%	-3.18%
TOTAL LIABILITIES
Total Short-Term Liabilities	$2.014M	$2.082M	$2.189M
Total Long-Term Liabilities	$40.75M	$41.15M	$40.95M
Total Liabilities	$1.201B	$1.235B	$1.203B
YoY Change	7.88%	13.86%	12.44%
SHAREHOLDERS EQUITY
Retained Earnings	$101.2M	$98.39M	$97.53M
YoY Change	6.89%	8.82%	11.02%
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	$156.6M	$166.9M	$96.46M
YoY Change
Total Liabilities & Shareholders Equity	$1.358B	$1.402B	$1.300B
YoY Change	10.38%	16.83%	10.21%

Cashflow Statement

Concept	2022 Q3	2022 Q2	2022 Q1
OPERATING ACTIVITIES
Net Income	$3.225M	$2.164M	$1.549M
YoY Change	108.19%	-26.0%	-51.27%
Depreciation, Depletion And Amortization	$751.7K	$806.5K	$720.7K
YoY Change	-3.77%	4.62%	-10.24%
Cash From Operating Activities	$4.292M	$6.428M	$5.557M
YoY Change	-50.38%	-24.01%	93.67%
INVESTING ACTIVITIES
Capital Expenditures	-$944.3K	-$1.480M	$1.223M
YoY Change	88.86%	448.13%	282.22%
Acquisitions
YoY Change
Other Investing Activities	-$27.36M	-$70.67M	-$17.90M
YoY Change	-25.45%	154.95%	42.36%
Cash From Investing Activities	-$28.31M	-$72.15M	-$19.12M
YoY Change	-23.91%	157.78%	61.77%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-34.79M	113.5M	$17.05M
YoY Change	-220.14%	736.31%	70.01%
NET CHANGE
Cash From Operating Activities	4.292M	6.428M	$5.557M
Cash From Investing Activities	-28.31M	-72.15M	-$19.12M
Cash From Financing Activities	-34.79M	113.5M	$17.05M
Net Change In Cash	-58.80M	47.76M	$3.487M
YoY Change	-14442.59%	-901.38%	223.09%
FREE CASH FLOW
Cash From Operating Activities	$4.292M	$6.428M	$5.557M
Capital Expenditures	-$944.3K	-$1.480M	$1.223M
Free Cash Flow	$5.236M	$7.908M	$4.334M
YoY Change	-42.77%	-9.41%	69.99%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	dei	Document Period End Date DocumentPeriodEndDate	2022-06-30
	dei	Amendment Flag AmendmentFlag	false
	dei	Entity Central Index Key EntityCentralIndexKey	0000818677
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2022
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Document Quarterly Report DocumentQuarterlyReport	true
	dei	Document Transition Report DocumentTransitionReport	false
	dei	Document Type DocumentType	10-Q
	dei	Document Quarterly Report DocumentQuarterlyReport	true
	dei	Document Transition Report DocumentTransitionReport	false
	dei	Entity File Number EntityFileNumber	000-16120
	dei	Entity Registrant Name EntityRegistrantName	SECURITY FEDERAL CORPORATION
	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	SC
	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	57-0858504
	dei	Entity Address Address Line1 EntityAddressAddressLine1	238 Richland Avenue Northwest
	dei	Entity Address City Or Town EntityAddressCityOrTown	Aiken
	dei	Entity Address State Or Province EntityAddressStateOrProvince	SC
	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	29801
	dei	City Area Code CityAreaCode	803
	dei	Local Phone Number LocalPhoneNumber	641-3000
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
	dei	Entity Small Business EntitySmallBusiness	true
	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
	dei	Entity Shell Company EntityShellCompany	false
CY2022Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	3252884	shares
CY2022Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	78872715	usd
CY2021Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	27622851	usd
CY2022Q2	us-gaap	Interest Bearing Deposits In Banks InterestBearingDepositsInBanks	1100045	usd
CY2021Q4	us-gaap	Interest Bearing Deposits In Banks InterestBearingDepositsInBanks	1100045	usd
CY2022Q2	us-gaap	Available For Sale Securities AvailableForSaleSecurities	634540178	usd
CY2022Q2	us-gaap	Held To Maturity Securities Fair Value HeldToMaturitySecuritiesFairValue	102868451	usd
CY2021Q4	us-gaap	Held To Maturity Securities Fair Value HeldToMaturitySecuritiesFairValue	23720408	usd
CY2022Q2	sfdl	Investmentsin Debtand Marketable Equity Securitiesand Certain Trading Assets Heldto Maturity Disclosure InvestmentsinDebtandMarketableEquitySecuritiesandCertainTradingAssetsHeldtoMaturityDisclosure	105036431	usd
CY2021Q4	sfdl	Investmentsin Debtand Marketable Equity Securitiesand Certain Trading Assets Heldto Maturity Disclosure InvestmentsinDebtandMarketableEquitySecuritiesandCertainTradingAssetsHeldtoMaturityDisclosure	23506768	usd
CY2022Q2	us-gaap	Investments Investments	739576609	usd
CY2021Q4	us-gaap	Investments Investments	706355826	usd
CY2022Q2	us-gaap	Loans Receivable Held For Sale Net Not Part Of Disposal Group LoansReceivableHeldForSaleNetNotPartOfDisposalGroup	590041	usd
CY2021Q4	us-gaap	Loans Receivable Held For Sale Net Not Part Of Disposal Group LoansReceivableHeldForSaleNetNotPartOfDisposalGroup	4038414	usd
CY2022Q2	us-gaap	Loans And Leases Receivable Allowance LoansAndLeasesReceivableAllowance	11197954	usd
CY2021Q4	us-gaap	Other Assets OtherAssets	5241410	usd
CY2021Q4	us-gaap	Loans And Leases Receivable Allowance LoansAndLeasesReceivableAllowance	11087164	usd
CY2022Q2	us-gaap	Loans And Leases Receivable Net Reported Amount LoansAndLeasesReceivableNetReportedAmount	502389237	usd
CY2022Q4	us-gaap	Loans And Leases Receivable Net Reported Amount LoansAndLeasesReceivableNetReportedAmount	495458395	usd
CY2022Q2	us-gaap	Notes Receivable Net NotesReceivableNet	502979278	usd
CY2021Q4	us-gaap	Notes Receivable Net NotesReceivableNet	499496809	usd
CY2022Q2	us-gaap	Interest Receivable InterestReceivable	1175932	usd
CY2021Q4	us-gaap	Interest Receivable InterestReceivable	1333155	usd
CY2022Q2	us-gaap	Accrued Investment Income Receivable AccruedInvestmentIncomeReceivable	2729902	usd
CY2021Q4	us-gaap	Accrued Investment Income Receivable AccruedInvestmentIncomeReceivable	2419335	usd
CY2022Q2	us-gaap	Interest Receivable And Other Assets InterestReceivableAndOtherAssets	3905834	usd
CY2021Q4	us-gaap	Interest Receivable And Other Assets InterestReceivableAndOtherAssets	3752490	usd
CY2022Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	2037904	usd
CY2021Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	2252424	usd
CY2022Q2	us-gaap	Goodwill Goodwill	1199754	usd
CY2021Q4	us-gaap	Goodwill Goodwill	1199754	usd
CY2022Q2	us-gaap	Other Assets OtherAssets	16619122	usd
CY2022Q2	us-gaap	Assets Assets	1402149584	usd
CY2021Q4	us-gaap	Assets Assets	1301213512	usd
CY2022Q2	us-gaap	Deposits Deposits	1149681677	usd
CY2021Q4	us-gaap	Deposits Deposits	1115962963	usd
CY2022Q2	us-gaap	Other Borrowings OtherBorrowings	42345026	usd
CY2021Q4	us-gaap	Other Borrowings OtherBorrowings	26785393	usd
CY2022Q2	us-gaap	Junior Subordinated Notes JuniorSubordinatedNotes	5155000	usd
CY2021Q4	us-gaap	Junior Subordinated Notes JuniorSubordinatedNotes	5155000	usd
CY2022Q2	us-gaap	Senior Notes SeniorNotes	30000000	usd
CY2021Q4	us-gaap	Senior Notes SeniorNotes	30000000	usd
CY2022Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	2081698	usd
CY2021Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	2293295	usd
CY2022Q2	us-gaap	Other Liabilities OtherLiabilities	5990431	usd
CY2021Q4	us-gaap	Other Liabilities OtherLiabilities	5494336	usd
CY2022Q2	us-gaap	Liabilities Liabilities	1235253832	usd
CY2021Q4	us-gaap	Liabilities Liabilities	1185690987	usd
CY2021Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2022Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2022Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	5000000	shares
CY2021Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	5000000	shares
CY2022Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	3453817	shares
CY2021Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	3453817	shares
CY2021Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	3252884	shares
CY2022Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	3252884	shares
CY2022Q2	us-gaap	Common Stock Value Outstanding CommonStockValueOutstanding	34538	usd
CY2021Q4	us-gaap	Common Stock Value Outstanding CommonStockValueOutstanding	34538	usd
CY2022Q2	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	18230187	usd
CY2021Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	18230187	usd
CY2021Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	200933	shares
CY2022Q2	us-gaap	Treasury Stock Shares TreasuryStockShares	200933	shares
CY2022Q2	us-gaap	Treasury Stock Value TreasuryStockValue	4330712	usd
CY2021Q4	us-gaap	Treasury Stock Value TreasuryStockValue	4330712	usd
CY2022Q2	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-28382000	usd
CY2021Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	5215107	usd
CY2022Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	98394739	usd
CY2021Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	96373405	usd
CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	166895752	usd
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	115522525	usd
CY2022Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1402149584	usd
CY2021Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1301213512	usd
CY2022Q2	us-gaap	Interest And Fee Income Loans And Leases InterestAndFeeIncomeLoansAndLeases	6205296	usd
CY2021Q2	us-gaap	Interest And Fee Income Loans And Leases InterestAndFeeIncomeLoansAndLeases	6293533	usd
CY2022Q2	us-gaap	Investment Income Interest And Dividend InvestmentIncomeInterestAndDividend	3128220	usd
CY2021Q2	us-gaap	Investment Income Interest And Dividend InvestmentIncomeInterestAndDividend	2422321	usd
CY2022Q2	us-gaap	Other Interest And Dividend Income OtherInterestAndDividendIncome	54047	usd
	us-gaap	Other Interest And Dividend Income OtherInterestAndDividendIncome	1547	usd
CY2022Q2	us-gaap	Interest And Dividend Income Operating InterestAndDividendIncomeOperating	9387563	usd
CY2021Q2	us-gaap	Interest And Dividend Income Operating InterestAndDividendIncomeOperating	8717401	usd
CY2022Q2	us-gaap	Interest Expense Customer Deposits InterestExpenseCustomerDeposits	397630	usd
CY2022Q2	us-gaap	Interest Expense Other InterestExpenseOther	17220	usd
CY2021Q2	us-gaap	Interest Expense Other InterestExpenseOther	149223	usd
CY2022Q2	us-gaap	Interest Expense Subordinated Notes And Debentures InterestExpenseSubordinatedNotesAndDebentures	393750	usd
CY2021Q2	us-gaap	Interest Expense Subordinated Notes And Debentures InterestExpenseSubordinatedNotesAndDebentures	393750	usd
CY2022Q2	us-gaap	Interest Expense Junior Subordinated Debentures InterestExpenseJuniorSubordinatedDebentures	35213	usd
	us-gaap	Interest Expense Junior Subordinated Debentures InterestExpenseJuniorSubordinatedDebentures	24400	usd
CY2022Q2	us-gaap	Interest Expense InterestExpense	843813	usd
CY2021Q2	us-gaap	Interest Expense InterestExpense	978375	usd
CY2022Q2	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	8543750	usd
CY2021Q2	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	7739026	usd
CY2022Q2	us-gaap	Provision For Loan And Lease Losses ProvisionForLoanAndLeaseLosses	0	usd
	us-gaap	Provision For Loan And Lease Losses ProvisionForLoanAndLeaseLosses	-735000	usd
CY2022Q2	us-gaap	Interest Income Expense After Provision For Loan Loss InterestIncomeExpenseAfterProvisionForLoanLoss	8543750	usd
	us-gaap	Interest Income Expense After Provision For Loan Loss InterestIncomeExpenseAfterProvisionForLoanLoss	8474026	usd
CY2022Q2	us-gaap	Gain Loss On Sales Of Loans Net GainLossOnSalesOfLoansNet	510931	usd
CY2021Q2	us-gaap	Gain Loss On Sales Of Loans Net GainLossOnSalesOfLoansNet	1018934	usd
CY2022Q2	sfdl	Service Feeson Deposit Accounts ServiceFeesonDepositAccounts	271887	usd
CY2021Q2	sfdl	Service Feeson Deposit Accounts ServiceFeesonDepositAccounts	219174	usd
CY2022Q2	us-gaap	Insurance Commissions And Fees InsuranceCommissionsAndFees	245769	usd
CY2021Q2	us-gaap	Insurance Commissions And Fees InsuranceCommissionsAndFees	149923	usd
CY2022Q2	sfdl	Trust Income TrustIncome	355673	usd
CY2021Q2	sfdl	Trust Income TrustIncome	337343	usd
CY2022Q2	sfdl	Checkcardrevenue Checkcardrevenue	704133	usd
CY2021Q2	sfdl	Checkcardrevenue Checkcardrevenue	610626	usd
CY2022Q2	sfdl	Grant Revenue GrantRevenue	170699	usd
CY2021Q2	sfdl	Grant Revenue GrantRevenue	0	usd
CY2022Q2	us-gaap	Noninterest Income Other Operating Income NoninterestIncomeOtherOperatingIncome	229664	usd
CY2021Q2	us-gaap	Noninterest Income Other Operating Income NoninterestIncomeOtherOperatingIncome	186492	usd
CY2022Q2	us-gaap	Noninterest Income NoninterestIncome	2637718	usd
	us-gaap	Noninterest Income NoninterestIncome	2687492	usd
CY2022Q2	us-gaap	Labor And Related Expense LaborAndRelatedExpense	4904606	usd
CY2021Q2	us-gaap	Labor And Related Expense LaborAndRelatedExpense	4518180	usd
CY2022Q2	us-gaap	Occupancy Net OccupancyNet	694650	usd
CY2021Q2	us-gaap	Occupancy Net OccupancyNet	659532	usd
CY2022Q2	us-gaap	Advertising Expense AdvertisingExpense	279596	usd
CY2021Q2	us-gaap	Advertising Expense AdvertisingExpense	195837	usd
CY2022Q2	us-gaap	Depreciation Depreciation	806490	usd
CY2021Q2	us-gaap	Depreciation Depreciation	770894	usd
CY2022Q2	us-gaap	Federal Deposit Insurance Corporation Premium Expense FederalDepositInsuranceCorporationPremiumExpense	84183	usd
CY2021Q2	us-gaap	Federal Deposit Insurance Corporation Premium Expense FederalDepositInsuranceCorporationPremiumExpense	72720	usd
CY2021Q2	us-gaap	Other Revenue Expense From Real Estate Operations OtherRevenueExpenseFromRealEstateOperations	-67173	usd
CY2022Q2	us-gaap	Professional Fees ProfessionalFees	169231	usd
CY2021Q2	us-gaap	Professional Fees ProfessionalFees	161404	usd
CY2022Q2	us-gaap	Other Expenses OtherExpenses	1069716	usd
CY2021Q2	us-gaap	Other Expenses OtherExpenses	818402	usd
CY2022Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	8428549	usd
CY2022Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Domestic IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic	2752919	usd
CY2021Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Domestic IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic	3715462	usd
CY2022Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	589116	usd
CY2021Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	791320	usd
CY2022Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	2163803	usd
CY2021Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	2924142	usd
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.67
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.90
	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.40
	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.11
CY2022Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	3252884	shares
CY2021Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	3252884	shares
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	2163803	usd
CY2021Q2	us-gaap	Net Income Loss NetIncomeLoss	2924142	usd
CY2022Q2	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax	-4338998	usd
CY2021Q2	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax	1107534	usd
CY2022Q2	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsNetOfTax	-13376260	usd
CY2021Q2	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsNetOfTax	3426447	usd
CY2022Q2	sfdl	Other Comprehensive Income Amortizationon Unrealized Gainon Afs Transferto Htm Tax OtherComprehensiveIncomeAmortizationonUnrealizedGainonAFSTransfertoHTMTax	670	usd
CY2021Q2	sfdl	Other Comprehensive Income Amortizationon Unrealized Gainon Afs Transferto Htm Tax OtherComprehensiveIncomeAmortizationonUnrealizedGainonAFSTransfertoHTMTax	313	usd
CY2022Q2	sfdl	Amortizationof Unrealized Gainson Afs Securities Transferredto Htm AmortizationofUnrealizedGainsonAFSSecuritiesTransferredtoHTM	2011	usd
CY2021Q2	us-gaap	Other Comprehensive Income Loss Transfers From Held To Maturity To Available For Sale Securities Net Of Tax OtherComprehensiveIncomeLossTransfersFromHeldToMaturityToAvailableForSaleSecuritiesNetOfTax	938	usd
CY2022Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-13374249	usd
CY2021Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	3427385	usd
CY2022Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-11210446	usd
CY2021Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	6351527	usd
	us-gaap	Net Income Loss NetIncomeLoss	3712834	usd
	us-gaap	Net Income Loss NetIncomeLoss	6102934	usd
	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax	-10892435	usd
	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax	-664333	usd
	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsNetOfTax	-33598964	usd
	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsNetOfTax	-2036955	usd
	sfdl	Other Comprehensive Income Amortizationon Unrealized Gainon Afs Transferto Htm Tax OtherComprehensiveIncomeAmortizationonUnrealizedGainonAFSTransfertoHTMTax	619	usd
	sfdl	Other Comprehensive Income Amortizationon Unrealized Gainon Afs Transferto Htm Tax OtherComprehensiveIncomeAmortizationonUnrealizedGainonAFSTransfertoHTMTax	-365	usd
	sfdl	Amortizationof Unrealized Gainson Afs Securities Transferredto Htm AmortizationofUnrealizedGainsonAFSSecuritiesTransferredtoHTM	1857	usd
	us-gaap	Other Comprehensive Income Loss Transfers From Held To Maturity To Available For Sale Securities Net Of Tax OtherComprehensiveIncomeLossTransfersFromHeldToMaturityToAvailableForSaleSecuritiesNetOfTax	-1096	usd
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-33597107	usd
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-2038051	usd
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-29884273	usd
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	4064883	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
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	115522525	usd
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	1549031	usd
CY2022Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-20222858	usd
CY2022Q1	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	390346	usd
CY2022Q1	us-gaap	Stockholders Equity StockholdersEquity	96458352	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	2163803	usd
CY2022Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-13374249	usd
CY2022Q2	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	82949000	usd
CY2022Q2	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	1301154	usd
CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	166895752	usd
	us-gaap	Net Income Loss NetIncomeLoss	3712834	usd
	us-gaap	Net Income Loss NetIncomeLoss	6102934	usd
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	974969	usd
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	981263	usd
	us-gaap	Accretion Amortization Of Discounts And Premiums Investments AccretionAmortizationOfDiscountsAndPremiumsInvestments	-3860615	usd
	us-gaap	Accretion Amortization Of Discounts And Premiums Investments AccretionAmortizationOfDiscountsAndPremiumsInvestments	-3267954	usd
	us-gaap	Provision For Loan Lease And Other Losses ProvisionForLoanLeaseAndOtherLosses	0	usd
	us-gaap	Provision For Loan Lease And Other Losses ProvisionForLoanLeaseAndOtherLosses	-1605000	usd
	us-gaap	Life Insurance Corporate Or Bank Owned Change In Value LifeInsuranceCorporateOrBankOwnedChangeInValue	306203	usd
	us-gaap	Life Insurance Corporate Or Bank Owned Change In Value LifeInsuranceCorporateOrBankOwnedChangeInValue	330000	usd
	us-gaap	Loans And Leases Receivable Gain Loss On Sales Net LoansAndLeasesReceivableGainLossOnSalesNet	1224824	usd
	us-gaap	Loans And Leases Receivable Gain Loss On Sales Net LoansAndLeasesReceivableGainLossOnSalesNet	2090415	usd
	us-gaap	Gains Losses On Sales Of Other Real Estate GainsLossesOnSalesOfOtherRealEstate	0	usd
	us-gaap	Gains Losses On Sales Of Other Real Estate GainsLossesOnSalesOfOtherRealEstate	105422	usd
	us-gaap	Impairment Of Long Lived Assets To Be Disposed Of ImpairmentOfLongLivedAssetsToBeDisposedOf	433077	usd
	us-gaap	Impairment Of Long Lived Assets To Be Disposed Of ImpairmentOfLongLivedAssetsToBeDisposedOf	0	usd
	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	214520	usd
	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	182788	usd
	us-gaap	Proceeds From Sale Of Loans Held For Sale ProceedsFromSaleOfLoansHeldForSale	38267947	usd
	us-gaap	Proceeds From Sale Of Loans Held For Sale ProceedsFromSaleOfLoansHeldForSale	64892907	usd
	us-gaap	Payments For Origination And Purchases Of Loans Held For Sale PaymentsForOriginationAndPurchasesOfLoansHeldForSale	33594750	usd
	us-gaap	Payments For Origination And Purchases Of Loans Held For Sale PaymentsForOriginationAndPurchasesOfLoansHeldForSale	61887199	usd
	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	-153344	usd
	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	-227258	usd
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	198921	usd
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-1325553	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	11985920	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	10508105	usd
	us-gaap	Payments To Acquire Mortgage Backed Securities Mbs Categorized As Available For Sale PaymentsToAcquireMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale	59674541	usd
	us-gaap	Payments To Acquire Mortgage Backed Securities Mbs Categorized As Available For Sale PaymentsToAcquireMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale	63894441	usd
	us-gaap	Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities	59699068	usd
	us-gaap	Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities	46744701	usd
	us-gaap	Payments To Acquire Held To Maturity Securities PaymentsToAcquireHeldToMaturitySecurities	-84220113	usd
	us-gaap	Payments To Acquire Held To Maturity Securities PaymentsToAcquireHeldToMaturitySecurities	-1941482	usd
	us-gaap	Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities	2622788	usd
	us-gaap	Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities	2023047	usd
	us-gaap	Proceeds From Payments For In Interest Bearing Deposits In Banks ProceedsFromPaymentsForInInterestBearingDepositsInBanks	0	usd
	us-gaap	Proceeds From Payments For In Interest Bearing Deposits In Banks ProceedsFromPaymentsForInInterestBearingDepositsInBanks	250000	usd
	sfdl	Purchase Of Fhlb Stock PurchaseOfFhlbStock	64800	usd
	sfdl	Purchase Of Fhlb Stock PurchaseOfFhlbStock	0	usd
	us-gaap	Payments For Proceeds From Federal Home Loan Bank Stock PaymentsForProceedsFromFederalHomeLoanBankStock	0	usd
	us-gaap	Payments For Proceeds From Federal Home Loan Bank Stock PaymentsForProceedsFromFederalHomeLoanBankStock	-1393300	usd
	sfdl	Increase Decrease In Loans Receivable IncreaseDecreaseInLoansReceivable	6930842	usd
	sfdl	Increase Decrease In Loans Receivable IncreaseDecreaseInLoansReceivable	23429572	usd
	us-gaap	Proceeds From Sale Of Foreclosed Assets ProceedsFromSaleOfForeclosedAssets	0	usd
	us-gaap	Proceeds From Sale Of Foreclosed Assets ProceedsFromSaleOfForeclosedAssets	454332	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	2703463	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	590224	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-91271903	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-38990339	usd
	us-gaap	Increase Decrease In Customer Deposits IncreaseDecreaseInCustomerDeposits	33718714	usd
	us-gaap	Increase Decrease In Customer Deposits IncreaseDecreaseInCustomerDeposits	76259023	usd
	us-gaap	Payments For Federal Home Loan Bank Advances PaymentsForFederalHomeLoanBankAdvances	0	usd
	us-gaap	Payments For Federal Home Loan Bank Advances PaymentsForFederalHomeLoanBankAdvances	25000000	usd
	us-gaap	Proceeds From Repayments Of Other Debt ProceedsFromRepaymentsOfOtherDebt	15559633	usd
	us-gaap	Proceeds From Repayments Of Other Debt ProceedsFromRepaymentsOfOtherDebt	11110440	usd
	us-gaap	Proceeds From Bank Debt ProceedsFromBankDebt	145665000	usd
	us-gaap	Proceeds From Bank Debt ProceedsFromBankDebt	171515000	usd
	us-gaap	Repayments Of Short Term Debt RepaymentsOfShortTermDebt	-145665000	usd
	us-gaap	Repayments Of Short Term Debt RepaymentsOfShortTermDebt	-209565000	usd
	us-gaap	Proceeds From Issuance Of Preferred Stock And Preference Stock ProceedsFromIssuanceOfPreferredStockAndPreferenceStock	82949000	usd
	us-gaap	Proceeds From Issuance Of Preferred Stock And Preference Stock ProceedsFromIssuanceOfPreferredStockAndPreferenceStock	0	usd
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	1691500	usd
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	715635	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	130535847	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	23603828	usd
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	51249864	usd
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-4878406	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
CY2022Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	78872715	usd
CY2021Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	13147003	usd
	us-gaap	Interest Paid Net InterestPaidNet	1502472	usd
	us-gaap	Interest Paid Net InterestPaidNet	1323087	usd
	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.
CY2022Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	2163803	usd
CY2022Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	3252884	shares
CY2022Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.67
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
CY2022Q2	us-gaap	Available For Sale Securities Amortized Cost AvailableForSaleSecuritiesAmortizedCost	672095824	usd
	us-gaap	Available For Sale Securities Gross Unrealized Gains AvailableForSaleSecuritiesGrossUnrealizedGains	1816901	usd
	us-gaap	Available For Sale Securities Gross Unrealized Loss AvailableForSaleSecuritiesGrossUnrealizedLoss	39372547	usd
CY2022Q2	us-gaap	Available For Sale Securities AvailableForSaleSecurities	634540178	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
CY2022Q2	us-gaap	Available For Sale Securities Debt Maturities Within One Year Amortized Cost AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost	523128	usd
CY2022Q2	us-gaap	Available For Sale Securities Debt Maturities Within One Year Fair Value AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue	523657	usd
CY2022Q2	us-gaap	Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost	6467463	usd
CY2022Q2	us-gaap	Available For Sale Securities Debt Maturities After One Through Five Years Fair Value AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue	6413252	usd
CY2022Q2	us-gaap	Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost	83863485	usd
CY2022Q2	us-gaap	Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue	81621721	usd
CY2022Q2	us-gaap	Available For Sale Securities Debt Maturities After Ten Years Amortized Cost AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost	206314864	usd
CY2022Q2	us-gaap	Available For Sale Securities Debt Maturities After Ten Years Fair Value AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue	193872558	usd
CY2022Q2	us-gaap	Available For Sale Debt Securities Amortized Cost Basis AvailableForSaleDebtSecuritiesAmortizedCostBasis	672095824	usd
CY2022Q2	us-gaap	Available For Sale Securities Debt Maturities Without Single Maturity Date Fair Value AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue	634540178	usd
CY2022Q2	us-gaap	Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue	423173540	usd
CY2022Q2	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss	30132070	usd
CY2022Q2	us-gaap	Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue	112442843	usd
CY2022Q2	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss	9240477	usd
CY2022Q2	us-gaap	Available For Sale Securities Continuous Unrealized Loss Position Fair Value AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue	535616383	usd
CY2022Q2	us-gaap	Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss	39372547	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
CY2022Q2	us-gaap	Held To Maturity Securities Amortized Cost Before Other Than Temporary Impairment HeldToMaturitySecuritiesAmortizedCostBeforeOtherThanTemporaryImpairment	105036431	usd
	sfdl	Heldtomaturitygrossunrealizedgains Heldtomaturitygrossunrealizedgains	489228	usd
	sfdl	Heldtomaturitygrossunrealizedlosses Heldtomaturitygrossunrealizedlosses	2657208	usd
CY2022Q2	us-gaap	Held To Maturity Securities Fair Value HeldToMaturitySecuritiesFairValue	102868451	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
CY2022Q2	us-gaap	Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue	56806561	usd
CY2022Q2	us-gaap	Held To Maturity Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss	1975476	usd
CY2022Q2	us-gaap	Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value HeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue	3799314	usd
CY2022Q2	us-gaap	Held To Maturity Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss	681732	usd
CY2022Q2	us-gaap	Held To Maturity Securities Continuous Unrealized Loss Position Fair Value HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue	60605875	usd
CY2022Q2	us-gaap	Held To Maturity Securities Continuous Unrealized Loss Position Accumulated Loss HeldToMaturitySecuritiesContinuousUnrealizedLossPositionAccumulatedLoss	2657208	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
CY2021Q4	us-gaap	Notes Receivable Gross NotesReceivableGross	507630182	usd
CY2022Q2	us-gaap	Notes And Loans Receivable Gross Noncurrent NotesAndLoansReceivableGrossNoncurrent	3978315	usd
CY2022Q2	us-gaap	Accounts Receivable Gross Current AccountsReceivableGrossCurrent	510339447	usd
CY2022Q2	us-gaap	Notes Receivable Gross NotesReceivableGross	514317762	usd
CY2022Q2	us-gaap	Notes Receivable Gross NotesReceivableGross	514317762	usd
CY2021Q4	us-gaap	Notes Receivable Gross NotesReceivableGross	507630182	usd
CY2022Q2	us-gaap	Loans And Leases Receivable Allowance LoansAndLeasesReceivableAllowance	11197954	usd
CY2021Q4	us-gaap	Loans And Leases Receivable Allowance LoansAndLeasesReceivableAllowance	11087164	usd
CY2022Q2	us-gaap	Loans And Leases Receivable Deferred Income LoansAndLeasesReceivableDeferredIncome	730571	usd
CY2021Q4	us-gaap	Loans And Leases Receivable Deferred Income LoansAndLeasesReceivableDeferredIncome	1084623	usd
CY2022Q2	sfdl	Loans Receivable Allowance Loans In Process And Deferred Loan Fees LoansReceivableAllowanceLoansInProcessAndDeferredLoanFees	11928525	usd
CY2021Q4	sfdl	Loans Receivable Allowance Loans In Process And Deferred Loan Fees LoansReceivableAllowanceLoansInProcessAndDeferredLoanFees	12171787	usd
CY2022Q2	us-gaap	Loans And Leases Receivable Net Reported Amount LoansAndLeasesReceivableNetReportedAmount	502389237	usd
CY2021Q4	us-gaap	Loans And Leases Receivable Net Reported Amount LoansAndLeasesReceivableNetReportedAmount	495458395	usd
CY2022Q2	us-gaap	Notes Receivable Gross NotesReceivableGross	514317762	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
	sfdl	Nonperforming Loans Accrual Status Minimum Consecutive Payments NonperformingLoansAccrualStatusMinimumConsecutivePayments	90
CY2022Q2	us-gaap	Financing Receivable Recorded Investment Nonaccrual Status FinancingReceivableRecordedInvestmentNonaccrualStatus	2476345	usd
CY2021Q4	us-gaap	Financing Receivable Recorded Investment Nonaccrual Status FinancingReceivableRecordedInvestmentNonaccrualStatus	2683387	usd
CY2022Q1	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	11128963	usd
CY2022Q2	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	0	usd
CY2022Q2	us-gaap	Allowance For Doubtful Accounts Receivable Write Offs AllowanceForDoubtfulAccountsReceivableWriteOffs	11821	usd
CY2022Q2	us-gaap	Allowance For Doubtful Accounts Receivable Recoveries AllowanceForDoubtfulAccountsReceivableRecoveries	80812	usd
CY2022Q2	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	11197954	usd
CY2021Q1	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	11946873	usd
CY2021Q2	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	-735000	usd
CY2021Q2	us-gaap	Allowance For Doubtful Accounts Receivable Write Offs AllowanceForDoubtfulAccountsReceivableWriteOffs	19415	usd
CY2021Q2	us-gaap	Allowance For Doubtful Accounts Receivable Recoveries AllowanceForDoubtfulAccountsReceivableRecoveries	231302	usd
CY2021Q2	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	11423760	usd
CY2021Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	11087164	usd
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	0	usd
	us-gaap	Allowance For Doubtful Accounts Receivable Write Offs AllowanceForDoubtfulAccountsReceivableWriteOffs	43692	usd
	us-gaap	Allowance For Doubtful Accounts Receivable Recoveries AllowanceForDoubtfulAccountsReceivableRecoveries	154482	usd
CY2022Q2	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	11197954	usd
CY2020Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	12842896	usd
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	-1605000	usd
	us-gaap	Allowance For Doubtful Accounts Receivable Write Offs AllowanceForDoubtfulAccountsReceivableWriteOffs	64391	usd
	us-gaap	Allowance For Doubtful Accounts Receivable Recoveries AllowanceForDoubtfulAccountsReceivableRecoveries	250255	usd
CY2021Q2	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	11423760	usd
CY2022Q2	us-gaap	Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1 FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1	0	usd
CY2022Q2	us-gaap	Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment	11197954	usd
CY2022Q2	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	11197954	usd
CY2021Q4	us-gaap	Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1 FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1	0	usd
CY2021Q4	us-gaap	Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment	11087164	usd
CY2021Q4	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	11087164	usd
CY2022Q2	us-gaap	Impaired Financing Receivable Recorded Investment ImpairedFinancingReceivableRecordedInvestment	2081520	usd
CY2022Q2	us-gaap	Impaired Financing Receivable Unpaid Principal Balance ImpairedFinancingReceivableUnpaidPrincipalBalance	3513521	usd
CY2021Q4	us-gaap	Impaired Financing Receivable Recorded Investment ImpairedFinancingReceivableRecordedInvestment	2323307	usd
CY2021Q4	us-gaap	Impaired Financing Receivable Unpaid Principal Balance ImpairedFinancingReceivableUnpaidPrincipalBalance	3736807	usd
CY2022Q2	us-gaap	Impaired Financing Receivable Average Recorded Investment ImpairedFinancingReceivableAverageRecordedInvestment	2101070	usd
CY2022Q2	us-gaap	Impaired Financing Receivable Interest Income Accrual Method ImpairedFinancingReceivableInterestIncomeAccrualMethod	0	usd
CY2021Q2	us-gaap	Impaired Financing Receivable Average Recorded Investment ImpairedFinancingReceivableAverageRecordedInvestment	2556361	usd
CY2021Q4	sfdl	Investment And Mortgage Backed Securities Fair Value Disclosure InvestmentAndMortgageBackedSecuritiesFairValueDisclosure	682849000	usd
CY2021Q2	us-gaap	Impaired Financing Receivable Interest Income Accrual Method ImpairedFinancingReceivableInterestIncomeAccrualMethod	3171	usd
	us-gaap	Impaired Financing Receivable Average Recorded Investment ImpairedFinancingReceivableAverageRecordedInvestment	2119899	usd
	us-gaap	Impaired Financing Receivable Interest Income Accrual Method ImpairedFinancingReceivableInterestIncomeAccrualMethod	0	usd
	us-gaap	Impaired Financing Receivable Average Recorded Investment ImpairedFinancingReceivableAverageRecordedInvestment	2586035	usd
	us-gaap	Impaired Financing Receivable Interest Income Accrual Method ImpairedFinancingReceivableInterestIncomeAccrualMethod	5027	usd
	sfdl	Days Past Dueto Be Considered In Default DaysPastDuetoBeConsideredInDefault	30
CY2022Q2	sfdl	Nonperforming Loans Accrual Status Minimum Consecutive Payments NonperformingLoansAccrualStatusMinimumConsecutivePayments	6	payments
	sfdl	Investor Funding Period InvestorFundingPeriod	P30D
CY2022Q2	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue	0	usd
CY2022Q2	us-gaap	Cash And Cash Equivalents Fair Value Disclosure CashAndCashEquivalentsFairValueDisclosure	78873000	usd
CY2022Q2	sfdl	Certificates Of Deposits With Other Banks Fair Value Disclosure CertificatesOfDepositsWithOtherBanksFairValueDisclosure	1100000	usd
CY2022Q2	sfdl	Investment And Mortgage Backed Securities Fair Value Disclosure InvestmentAndMortgageBackedSecuritiesFairValueDisclosure	102868000	usd
CY2022Q2	us-gaap	Loans Receivable Fair Value Disclosure LoansReceivableFairValueDisclosure	493057000	usd
CY2022Q2	us-gaap	Investment In Federal Home Loan Bank Stock Fair Value Disclosure InvestmentInFederalHomeLoanBankStockFairValueDisclosure	651000	usd
CY2022Q2	sfdl	Checking Savings And Money Market Accounts Fair Value Disclosure CheckingSavingsAndMoneyMarketAccountsFairValueDisclosure	1006668000	usd
CY2022Q2	sfdl	Certificate Accounts Fair Value Disclosure CertificateAccountsFairValueDisclosure	140486000	usd
CY2022Q2	us-gaap	Fair Value Liabilities Measured On Recurring Basis Obligations FairValueLiabilitiesMeasuredOnRecurringBasisObligations	42345000	usd
CY2022Q2	us-gaap	Fair Value Liabilities Measured On Recurring Basis Subordinated Debt Obligations FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations	5155000	usd
CY2022Q2	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	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
CY2022Q2	us-gaap	Gain Loss On Sales Of Loans Net GainLossOnSalesOfLoansNet	510931	usd
CY2021Q2	us-gaap	Gain Loss On Sales Of Loans Net GainLossOnSalesOfLoansNet	1018934	usd
CY2022Q2	sfdl	Service Feeson Deposit Accounts ServiceFeesonDepositAccounts	271887	usd
CY2021Q2	sfdl	Service Feeson Deposit Accounts ServiceFeesonDepositAccounts	219174	usd
CY2022Q2	us-gaap	Insurance Commissions And Fees InsuranceCommissionsAndFees	245769	usd
CY2021Q2	us-gaap	Insurance Commissions And Fees InsuranceCommissionsAndFees	149923	usd
CY2022Q2	sfdl	Trust Income TrustIncome	355673	usd
CY2021Q2	sfdl	Trust Income TrustIncome	337343	usd
CY2022Q2	sfdl	Checkcardrevenue Checkcardrevenue	704133	usd
CY2021Q2	sfdl	Checkcardrevenue Checkcardrevenue	610626	usd
CY2022Q2	sfdl	Grant Revenue GrantRevenue	170699	usd
CY2021Q2	sfdl	Grant Revenue GrantRevenue	0	usd
CY2022Q2	us-gaap	Noninterest Income Other Operating Income NoninterestIncomeOtherOperatingIncome	229664	usd
CY2021Q2	us-gaap	Noninterest Income Other Operating Income NoninterestIncomeOtherOperatingIncome	186492	usd
CY2022Q2	us-gaap	Noninterest Income NoninterestIncome	2637718	usd
	us-gaap	Noninterest Income NoninterestIncome	2687492	usd

Files In Submission

Name	View Source	Status
0000939057-22-000239-index-headers.html	Edgar Link	pending
0000939057-22-000239-index.html	Edgar Link	pending
0000939057-22-000239.txt	Edgar Link	pending
0000939057-22-000239-xbrl.zip	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R36.htm	Edgar Link	pending
R37.htm	Edgar Link	pending
R38.htm	Edgar Link	pending
R39.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
R41.htm	Edgar Link	pending
R42.htm	Edgar Link	pending
R43.htm	Edgar Link	pending
R44.htm	Edgar Link	pending
R45.htm	Edgar Link	pending
R46.htm	Edgar Link	pending
R47.htm	Edgar Link	pending
R48.htm	Edgar Link	pending
R49.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R50.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
sfdl-20220630.htm	Edgar Link	pending
sfdl-20220630.xsd	Edgar Link	pending
sfdl-20220630xex311.htm	Edgar Link	pending
sfdl-20220630xex312.htm	Edgar Link	pending
sfdl-20220630xex32.htm	Edgar Link	pending
Show.js	Edgar Link	pending
sfdl-20220630_cal.xml	Edgar Link	unprocessable
sfdl-20220630_lab.xml	Edgar Link	unprocessable
sfdl-20220630_pre.xml	Edgar Link	unprocessable
sfdl-20220630_htm.xml	Edgar Link	completed
sfdl-20220630_def.xml	Edgar Link	unprocessable

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$SFDL
SECURITY FEDERAL CORP Stock $sfdl

2022 Q3 Form 10-Q Financial Statement

#000093905722000239 Filed on August 15, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SFDL SECURITY FEDERAL CORP Stock $sfdl

2022 Q3 Form 10-Q Financial Statement

#000093905722000239 Filed on August 15, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SFDL
SECURITY FEDERAL CORP Stock $sfdl