Security Federal Corporation (SFDL)

Security Federal Balance Sheet

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
Cash & Equivalents	133.08	178.28	128.28	28.5	27.62	18.03
Investment Securities	192.49	198.19	256.84	287.34	328.86	311.9
Mortgage-Backed Securities	483.33	463.89	445.22	430.35	378.6	296.03
Total Investments	675.82	662.07	702.06	717.69	707.46	607.93
Gross Loans	703.24	700.64	634.5	560.99	529.03	500.36
Allowance for Loan Losses	-14.01	-13.89	-12.57	-11.18	-11.09	-12.84
Other Adjustments to Gross Loans	-0.12	-0.19	-0.37	-0.81	-22.49	-14.04
Net Loans	689.11	686.55	621.56	549	495.46	473.47
Property, Plant & Equipment	34.37	30.25	30.04	29.82	27.49	28.93
Goodwill	1.2	1.2	1.2	1.2	1.2	1.2
Loans Held for Sale	0.83	0.6	0.97	0.91	4.04	5.69
Accrued Interest Receivable	5.59	5.37	5.51	4.81	3.75	3.5
Other Current Assets	0.7	0.94	0.94	1.1	1.53	-
Long-Term Deferred Tax Assets	-	13.31	14.66	15.55	0.58	-
Other Real Estate Owned & Foreclosed	-	-	-	0.12	0.13	0.5
Other Long-Term Assets	43.63	32.12	42.53	31.01	31.37	30.11
Total Assets	1,585	1,612	1,550	1,381	1,301	1,172
Interest Bearing Deposits	1,271	1,228	1,145	1,080	1,077	811.3
Institutional Deposits	74.8	96	50.2	30.3	39.4	106.8
Total Deposits	1,346	1,324	1,195	1,110	1,116	918.1
Short-Term Borrowings	24.24	77.81	138.38	71.67	26.79	61.82
Current Portion of Leases	0.34	0.48	-	-	-	-
Long-Term Debt	10	10	26.5	26.5	30	30
Federal Home Loan Bank Debt, Long-Term	-	-	-	-	-	35
Long-Term Leases	0.49	0.48	1.44	1.9	2.29	2.38
Trust Preferred Securities	5.16	5.16	5.16	5.16	5.16	5.16
Long-Term Deferred Tax Liabilities	-	-	-	-	-	1.56
Other Long-Term Liabilities	11.52	11.43	10.84	5.82	5.5	5.8
Total Liabilities	1,397	1,429	1,377	1,221	1,186	1,060
Preferred Stock, Redeemable	82.95	82.95	82.95	82.95	-	-
Common Stock	0.04	0.04	0.04	0.04	0.04	0.03
Additional Paid-In Capital	18.35	18.34	18.29	18.23	18.23	18.23
Retained Earnings	120.25	118.14	111.05	104.13	96.37	85.03
Treasury Stock	-5.97	-5.96	-4.91	-4.33	-4.33	-4.33
Comprehensive Income & Other	-27.44	-31.11	-35.05	-40.78	5.22	12.94
Total Common Equity	105.22	99.44	89.41	77.28	115.52	111.91
Shareholders' Equity	188.17	182.39	172.36	160.23	115.52	111.91
Total Liabilities & Equity	1,585	1,612	1,550	1,381	1,301	1,172
Total Debt	40.23	93.92	171.48	105.23	64.23	134.35
Net Cash (Debt)	94.1	85.6	-40.84	-75.63	-35.51	-115.98
Net Cash Per Share	29.43	26.68	-12.57	-23.25	-10.92	-36.10
Filing Date Shares Outstanding	3.19	3.19	3.23	3.25	3.25	3.25
Total Common Shares Outstanding	3.19	3.19	3.23	3.25	3.25	3.25
Book Value Per Share	33.02	31.21	27.69	23.76	35.51	34.40
Tangible Book Value	104.02	98.24	88.21	76.08	114.32	110.71
Tangible Book Value Per Share	32.64	30.83	27.32	23.39	35.15	34.03

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