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Security Federal Corporation and Subsidiaries Consolidated Statements of Cash Flows (Unaudited) (USD $)
3 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash Flows From Operating Activities:    
Net Income $ 461,047 $ 540,579
Adjustments To Reconcile Net Income To Net Cash Provided (Used) By Operating Activities:    
Depreciation And Amortization Expense 368,806 395,646
Amortization of Intangible Assets 22,520 22,500
Stock Option Compensation Expense 8,281 8,281
Discount Accretion And Premium Amortization 1,065,030 617,026
Provisions For Losses On Loans And Real Estate 2,300,000 1,900,000
Gain On Sale Of Investments Available For Sale (102,865) (64,593)
Gain On Sale of Mortgage-Backed Securities Available For Sale (68,359) (134,918)
Gain On Sale Of Loans (107,270) (268,677)
Loss (Gain) On Sale Of Real Estate (62,222) 53,745
Amortization Of Deferred Fees On Loans (6,406) (28,582)
Mandatorily Redeemable Financial Instrument Valuation Adjustment (50,000) 40,000
Income From Bank Owned Life Insurance (105,000) (95,000)
Proceeds From Sale Of Loans Held For Sale 11,132,175 20,685,452
Origination Of Loans For Sale (9,910,939) (26,730,557)
(Increase) Decrease In Accrued Interest Receivable:    
Loans 118,001 (85,238)
Mortgage-Backed Securities 2,581 27,559
Investments (219,347) (102,280)
Increase In Advance Payments By Borrowers 128,736 147,726
Other, Net (161,204) (628,745)
Net Cash Provided (Used) By Operating Activities 4,813,565 (3,700,076)
Cash Flows From Investing Activities:    
Principal Repayments On Mortgage-Backed Securities Available For Sale 11,555,205 15,994,983
Principal Repayments On Mortgage-Backed Securities Held To Maturity 375,243 1,260,067
Purchase Of Investment Securities Available For Sale (11,597,706) (20,823,676)
Purchase Of Mortgage-Backed Securities Available For Sale (8,913,028) (21,271,011)
Purchase of Investment Securities Held To Maturity (1,990,350) 0
Purchase Of Mortgage-Backed Securities Held To Maturity (8,704,676) 0
Maturities Of Investment Securities Available For Sale 3,547,649 5,551,684
Maturities of Investment Securities Held To Maturity 1,000,000 0
Proceeds From Sale of Investment Securities Available For Sale 4,658,750 4,273,540
Proceeds From Sale of Mortgage-Backed Securities Available For Sale 3,592,201 8,838,798
Purchase Of FHLB Stock (34,343) 0
Redemption Of FHLB Stock 1,247,628 0
Decrease In Loans To Customers 11,350,642 3,698,101
Proceeds From Sale Of Repossessed Assets 2,739,952 3,203,745
Purchase And Improvement Of Premises And Equipment (27,412) (441,108)
Net Cash Provided By Investing Activities 8,799,755 285,123
Cash Flows From Financing Activities:    
Increase (Decrease) In Deposit Accounts (6,164,151) 10,853,630
Proceeds From FHLB Advances 34,400,000 46,150,000
Repayment Of FHLB Advances (39,154,103) (53,309,022)
Net Proceeds (Repayments) Of Other Borrowings (480,676) 192,812
Dividends To Preferred Shareholders (110,000) (225,000)
Dividends To Common Shareholders (235,520) (196,888)
Net Cash Provided (Used) By Financing Activities (11,744,450) 3,465,532
Increase In Cash And Cash Equivalents 1,868,870 50,579
Cash And Cash Equivalents At Beginning Of Period 7,835,638 8,804,645
Cash And Cash Equivalents At End Of Period 9,704,508 8,855,224
Supplemental Disclosure Of Cash Flows Information:    
Cash Paid During The Period For Interest 3,476,818 4,347,280
Cash Paid During The Period For Income Taxes 456,321 15,432
Additions To Repossessed Acquired Through Foreclosure 1,897,773 3,206,049
Change In Unrealized Gain or Loss On Securities Available For Sale, Net of Taxes $ 2,707,501 $ 1,455,640