Security Federal Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	44.15	41.3	32.83	25.64	27.2
Interest Income on Investments	34.5	36.01	32.15	16.94	9.92
Total Interest Income	78.65	77.31	64.98	42.58	37.12
Interest Paid on Deposits	30.15	29.85	20.7	2.91	1.63
Interest Paid on Borrowings	1.29	5.63	5.03	2.12	2.19
Total Interest Expense	31.44	35.48	25.73	5.03	3.82
Net Interest Income	47.21	41.83	39.25	37.55	33.29
Net Interest Income Growth (YoY)	12.87%	6.57%	4.52%	12.79%	9.11%
Trust Income	1.89	2.27	1.86	1.55	1.44
Gain (Loss) on Sale of Assets	0.06	-	-	-0.43	-
Gain (Loss) on Sale of Investments	0.02	0.04	-	-0	-
Other Non-Interest Income	7.36	5.92	5.68	5.29	6.4
Total Non-Interest Income	11.49	10.25	9.39	9.18	12.63
Non-Interest Income Growth (YoY)	12.11%	9.13%	2.30%	-27.34%	10.61%
Revenues Before Loan Losses	58.7	52.07	48.64	46.73	45.93
Provision for Loan Losses	-0.24	1.37	0.25	-	-2.4
Revenue	58.93	50.7	48.39	46.73	48.33
Revenue Growth (YoY)	16.23%	4.78%	3.56%	-3.31%	26.07%
Salaries and Employee Benefits	23.99	21.8	20.31	20.05	19.16
Federal Deposit Insurance	0.72	0.71	0.62	0.38	0.29
Selling, General & Administrative	8.68	8.05	8.14	7.55	8.08
Other Non-Interest Expense	8.21	7.59	6.84	5.81	4.63
Total Non-Interest Expense	41.6	38.14	35.91	33.79	32.05
EBT Excluding Unusual Items	17.33	12.56	12.48	12.94	16.28
Pretax Income	17.33	12.56	12.48	12.94	16.28
Income Tax Expense	3.66	2.76	2.29	2.71	3.51
Net Income	13.67	9.81	10.19	10.23	12.77
Preferred Dividends & Other Adjustments	1.66	0.93	-	-	-
Net Income to Common	12.01	8.88	10.19	10.23	12.77
Net Income Growth	39.42%	-3.76%	-0.37%	-19.93%	81.18%
Basic Shares Outstanding	3	3	3	3	3
Diluted Shares Outstanding	3	3	3	3	3
Shares Change (YoY)	-1.54%	-1.22%	-0.15%	-	1.24%
EPS (Basic)	3.80	2.77	3.14	3.14	3.93
EPS (Diluted)	3.80	2.77	3.14	3.14	3.93
EPS Growth	37.39%	-11.77%	-0.23%	-19.93%	79.31%
Dividend Per Share	0.600	0.560	0.520	0.480	0.440
Dividend Growth	7.14%	7.69%	8.33%	9.09%	10.00%
Effective Tax Rate	21.11%	21.94%	18.34%	20.94%	21.55%

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