Security Federal Corporation (SFDL)

Security Federal Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	41.82	41.3	32.83	25.64	27.2	26.27
Interest Income on Investments	36.01	36.01	32.15	16.94	9.92	10.82
Total Interest Income	77.82	77.31	64.98	42.58	37.12	37.1
Interest Paid on Deposits	29.12	29.85	20.7	2.91	1.63	3.93
Interest Paid on Borrowings	5.63	5.63	5.03	2.12	2.19	2.66
Total Interest Expense	34.75	35.48	25.73	5.03	3.82	6.58
Net Interest Income	43.07	41.83	39.25	37.55	33.29	30.51
Net Interest Income Growth (YoY)	10.48%	6.57%	4.52%	12.79%	9.11%	6.61%
Trust Income	2.27	2.27	1.86	1.55	1.44	1.14
Gain (Loss) on Sale of Assets	-	-	-	-0.43	-	-
Gain (Loss) on Sale of Investments	0.04	0.04	-	-0	-	1.33
Other Non-Interest Income	6.05	5.92	5.68	5.29	6.4	4.5
Total Non-Interest Income	10.37	10.25	9.39	9.18	12.63	11.42
Non-Interest Income Growth (YoY)	9.03%	9.13%	2.30%	-27.34%	10.61%	27.49%
Revenues Before Loan Losses	53.44	52.07	48.64	46.73	45.93	41.94
Provision for Loan Losses	1.04	1.37	0.25	-	-2.4	3.6
Revenue	52.41	50.7	48.39	46.73	48.33	38.34
Revenue Growth (YoY)	9.38%	4.78%	3.56%	-3.31%	26.07%	3.04%
Salaries and Employee Benefits	21.8	21.8	20.31	20.05	19.16	17.99
Federal Deposit Insurance	0.71	0.71	0.62	0.38	0.29	0.13
Selling, General & Administrative	8.05	8.05	8.14	7.55	8.08	7.27
Other Non-Interest Expense	7.79	7.59	6.84	5.81	4.63	4.31
Total Non-Interest Expense	38.35	38.14	35.91	33.79	32.05	29.71
EBT Excluding Unusual Items	14.06	12.56	12.48	12.94	16.28	8.63
Pretax Income	14.06	12.56	12.48	12.94	16.28	8.63
Income Tax Expense	3	2.76	2.29	2.71	3.51	1.58
Net Income	11.06	9.81	10.19	10.23	12.77	7.05
Preferred Dividends & Other Adjustments	1.34	0.93	-	-	-	-
Net Income to Common	9.72	8.88	10.19	10.23	12.77	7.05
Net Income Growth	19.32%	-3.76%	-0.37%	-19.93%	81.18%	-9.54%
Basic Shares Outstanding	3	3	3	3	3	3
Diluted Shares Outstanding	3	3	3	3	3	3
Shares Change (YoY)	-1.40%	-1.22%	-0.15%	-	1.24%	-1.38%
EPS (Basic)	3.04	2.77	3.14	3.14	3.93	2.19
EPS (Diluted)	3.04	2.77	3.14	3.14	3.93	2.19
EPS Growth	6.35%	-11.77%	-0.23%	-19.93%	79.31%	-12.53%
Dividend Per Share	0.420	0.560	0.520	0.480	0.440	0.400
Dividend Growth	-20.76%	7.69%	8.33%	9.09%	10.00%	5.26%
Effective Tax Rate	21.35%	21.94%	18.34%	20.94%	21.55%	18.28%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.