Security Federal Corporation (SFDL)

Name: Security Federal Corporation Financial Statements
Creator: Quarter Results

Financial Services | Banks Regional

Latest reporting period: 2025-03-31

Latest Quarter

2025-03-31

Revenue

$21.3M

Net Income

$3.0M

Operating Margin

18.0%

Free Cash Flow

$25.7M

Debt / Assets

88.7%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for Security Federal Corporation (SFDL).
Income Statement (Quarterly)	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Revenue	21,292,000	22,649,000	21,768,000	20,877,000
Cost of Revenue	8,004,000	1,000	9,701,000	8,815,000
Gross Profit	19,233,000	13,667,000	22,156,000	21,274,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	6,179,000	5,790,000	254,000	7,571,000
Operating Expenses	9,456,000	9,090,000	254,000	9,271,000
Operating Income	3,832,000	3,797,000	3,142,000	2,791,000
Interest Expense	8,004,000	8,982,000	9,121,000	8,640,000
Income Before Tax	3,832,000	4,297,000	3,142,000	2,791,000
Income Tax Expense	826,000	879,000	732,000	565,000
Net Income	3,006,000	3,418,000	2,410,000	2,226,000
Per Share
EPS	0.81	0.94	0.62	0.66
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Security Federal Corporation (SFDL).
Income Statement (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Revenue	90,140,000	50,515,000	48,392,000	47,162,000	45,926,000
Cost of Revenue	31,206,000	0	0	0	0
Gross Profit	58,934,000	49,145,000	48,392,000	47,162,000	0
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	914,000	23,505,000	21,914,000	21,413,000	0
Operating Expenses	41,603,000	1,001,000	28,969,000	-31,554,000	0
Operating Income	17,331,000	12,564,000	19,423,000	15,608,000	0
Interest Expense	31,441,000	35,479,000	25,729,000	5,028,000	3,824,000
Income Before Tax	17,331,000	12,564,000	12,478,000	12,937,000	16,283,000
Income Tax Expense	3,658,000	2,757,000	2,288,000	2,709,000	3,509,000
Net Income	13,673,000	9,807,000	10,190,000	10,228,000	12,774,000
Per Share
EPS	3.82	3.35	3.14	3.14	3.92
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for Security Federal Corporation (SFDL).
Balance Sheet (Quarterly)	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Assets
Cash and Cash Equivalents	179,527,000	130,634,000	28,502,000	27,623,000
Short Term Investments	79,523,000	537,640,000	550,148,000	0
Net Receivables	5,374,000	0	4,811,000	0
Inventory	0	116,921,000	514,518,000	0
Total Current Assets	0	137,084,000	583,461,000	0
Property Plant Equipment	30,248,000	30,039,000	29,821,000	0
Goodwill and Intangibles	1,200,000	1,200,000	2,400,000	0
Total Assets	1,611,773,000	1,550,891,000	1,381,366,000	1,301,214,000
Liabilities
Account Payables	0	0	0	0
Short Term Debt	28,284,000	0	28,106,000	0
Total Current Liabilities	1,324,033,000	1,093,955,000	985,086,000	0
Long Term Debt	43,923,000	52,277,000	61,147,000	0
Total Liabilities	1,429,384,000	1,378,529,000	1,221,132,000	1,185,691,000
Shareholders Equity
Retained Earnings	118,138,000	111,054,000	104,129,000	0
Total Shareholders Equity	182,389,000	172,362,000	160,234,000	115,523,000

Balance sheet annual history for Security Federal Corporation (SFDL).
Balance Sheet (Annual)	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Assets
Cash and Cash Equivalents	179,527,000	130,634,000	28,502,000	27,623,000	18,506,000
Short Term Investments	79,523,000	537,640,000	550,148,000	0	0
Net Receivables	5,374,000	0	4,811,000	0	479,167,000
Inventory	0	116,921,000	514,518,000	0	0
Total Current Assets	0	137,084,000	583,461,000	0	359,594,000
Property Plant Equipment	30,248,000	30,039,000	29,821,000	0	0
Goodwill and Intangibles	1,200,000	1,200,000	2,400,000	0	0
Total Assets	1,611,773,000	1,550,891,000	1,381,366,000	1,301,214,000	1,171,710,000
Liabilities
Account Payables	0	0	0	0	135,843,000
Short Term Debt	28,284,000	0	28,106,000	0	0
Total Current Liabilities	1,324,033,000	1,093,955,000	985,086,000	0	135,843,000
Long Term Debt	43,923,000	52,277,000	61,147,000	0	35,155,000,000
Total Liabilities	1,429,384,000	1,378,529,000	1,221,132,000	1,185,691,000	1,059,804,000
Shareholders Equity
Retained Earnings	118,138,000	111,054,000	104,129,000	0	0
Total Shareholders Equity	182,389,000	172,362,000	160,234,000	115,523,000	111,905,746

Cash flow quarterly history for Security Federal Corporation (SFDL).
Cash Flow Statement (Quarterly)	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Operating Activities
Net Income	9,807,000	10,190,000	10,228,000	12,774,000
Depreciation & Amortization	2,545,000	1,686,000	2,357,000	2,339,206
Stock Based Compensation	0	0	0	0
Change in Working Capital	11,529,000	-7,465,000	-1,059,000	-1,165,197
Operating Cash Flow	28,428,000	8,282,999	21,872,000	14,158,306
Investing Activities
Capital Expenditure	-2,762,000	-2,851,000	-4,688,000	-2,148,932
Investments	-2,762,000	-2,851,000	-4,688,000	-2,148,932
Investing Cash Flow	-26,675,000	-57,913,000	-136,975,000	-130,964,686
Financing Activities
Debt Repayment	-77,071,000	-75,120,000	-360,300,000	-357,965,000
Common Stock Issued/Repurchased	-1,051,000	-525,000	0	0
Dividends Paid	-2,723,000	-1,687,000	-2,472,000	-1,431,269
Financing Cash Flow	48,240,000	149,412,000	115,982,000	126,403,822
Summary
Free Cash Flow	25,666,000	5,431,999	17,184,000	12,009,374
Net Change in Cash	49,993,000	99,782,000	879,000	9,597,442

Cash flow annual history for Security Federal Corporation (SFDL).
Cash Flow Statement (Annual)	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Operating Activities
Net Income	9,807,000	10,190,000	10,228,000	12,774,000	7,050,000
Depreciation & Amortization	2,545,000	1,686,000	2,357,000	2,339,206	2,255,295
Stock Based Compensation	0	0	0	0	0
Change in Working Capital	11,529,000	-7,465,000	-1,059,000	-1,165,197	-2,570,793
Operating Cash Flow	28,428,000	8,282,999	21,872,000	14,158,306	12,957,274
Investing Activities
Capital Expenditure	-2,762,000	-2,851,000	-4,688,000	-2,148,932	-1,243,654
Investments	-2,762,000	-2,851,000	-4,688,000	-2,148,932	-1,243,654
Investing Cash Flow	-26,675,000	-57,913,000	-136,975,000	-130,964,686	-199,835,854
Financing Activities
Debt Repayment	-77,071,000	-75,120,000	-360,300,000	-357,965,000	-451,755,000
Common Stock Issued/Repurchased	-1,051,000	-525,000	0	0	0
Dividends Paid	-2,723,000	-1,687,000	-2,472,000	-1,431,269	-1,301,254
Financing Cash Flow	48,240,000	149,412,000	115,982,000	126,403,822	192,367,678
Summary
Free Cash Flow	25,666,000	5,431,999	17,184,000	12,009,374	11,713,620
Net Change in Cash	49,993,000	99,782,000	879,000	9,597,442	5,489,098