Security Federal Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	9.81	10.19	10.23	12.77
Depreciation & Amortization	2.55	2.6	2.36	2.34
Gain (Loss) on Sale of Assets	0	0.04	0.43	-0.11
Gain (Loss) on Sale of Investments	3.51	3.92	6.5	6.8
Total Asset Writedown	-	0.02	0.01	0.02
Provision for Credit Losses	1.37	0.25	-	-2.4
Net Decrease (Increase) in Loans Originated / Sold - Operating	1.15	0.57	4.83	5.49
Accrued Interest Receivable	0.14	-0.7	-1.06	-0.25
Change in Other Net Operating Assets	11.39	-6.76	0.89	-
Other Operating Activities	-0.71	-0.64	-0.61	-1.55
Operating Cash Flow	28.43	8.86	21.87	19.28
Operating Cash Flow Growth	221.04%	-59.51%	13.44%	106.02%
Capital Expenditures	-2.76	-2.85	-4.69	-2.15
Sale of Property, Plant and Equipment	0.01	-	-	-
Investment in Securities	42.72	19.07	-78.68	-116.58
Net Decrease (Increase) in Loans Originated / Sold - Investing	-66.47	-74.69	-53.55	-19.58
Other Investing Activities	-0.17	-0.27	-0.07	1.77
Investing Cash Flow	-26.68	-58.49	-136.98	-136.09
Short-Term Debt Issued	80	446.06	400.88	287.93
Long-Term Debt Issued	8.63	-	0.8	-
Total Debt Issued	88.63	446.06	401.68	287.93
Short-Term Debt Repaid	-149.2	-370.94	-356.8	-322.97
Long-Term Debt Repaid	-16.5	-8.41	-3.5	-35
Total Debt Repaid	-165.7	-379.34	-360.3	-357.97
Net Debt Issued (Repaid)	-77.07	66.71	41.38	-70.03
Issuance of Common Stock	0.05	0.06	-	-
Repurchase of Common Stock	-1.05	-0.58	-	-
Preferred Stock Issued	-	-	82.95	-
Common Dividends Paid	-1.8	-1.69	-2.47	-1.43
Preferred Dividends Paid	-0.93	-	-	-
Total Dividends Paid	-2.72	-1.69	-2.47	-1.43
Net Increase (Decrease) in Deposit Accounts	129.04	84.91	-5.88	197.87
Financing Cash Flow	48.24	149.41	115.98	126.4
Net Cash Flow	49.99	99.78	0.88	9.6
Free Cash Flow	25.67	6	17.18	17.13
Free Cash Flow Growth	327.48%	-65.06%	0.31%	111.10%
Free Cash Flow Margin	50.62%	12.41%	36.77%	35.45%
Free Cash Flow Per Share	8.00	1.85	5.28	5.27
Cash Interest Paid	35.33	23.02	4.67	3.9
Cash Income Tax Paid	2.85	2.09	2.16	4.23

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