Security Federal Corporation and Subsidiaries Consolidated Balance Sheets (unaudited) (USD $)	Sep. 30, 2011	Mar. 31, 2011
Assets:
Cash And Cash Equivalents	$ 10,728,691	$ 7,835,638
Certificates of Deposit with Other Banks	101,317	100,432
Investment And Mortgage-Backed Securities:
Available For Sale	335,737,817	339,252,790	[1]
Held To Maturity	49,338,614	33,165,125	[2]
Total Investment And Mortgage-Backed Securities	385,076,431	372,417,915
Loans Receivable, Net
Held For Sale	3,963,917	5,166,234
Held For Investment	455,589,432	479,304,382	[3]
Total Loans Receivable, Net	459,553,349	484,470,616
Accrued Interest Receivable:
Loans	1,801,323	1,742,281
Mortgage-Backed Securities	942,175	944,667
Investments	844,326	889,297
Premises And Equipment, Net	19,196,702	19,800,616
Federal Home Loan Bank Stock ("FHLB"), At Cost	9,392,300	11,267,485
Bank Owned Life Insurance	10,626,305	10,416,305
Repossessed Assets Acquired In Settlement Of Loans	13,859,915	14,433,853
Intangible Assets, Net	124,479	159,500
Goodwill	1,199,754	1,199,754
Prepaid Federal Deposit Insurance Corporation ("FDIC") Premium	2,518,541	2,815,328
Other Assets	3,265,924	5,050,362
Total Assets	919,231,532	933,544,049
Liabilities:
Deposit Accounts	682,679,208	690,357,114
Advances From FHLB	127,378,111	138,136,338
Other Borrowed Money	10,989,940	11,195,474
Advance Payments By Borrowers For Taxes And Insurance	595,187	381,488
Mandatorily Redeemable Financial Instrument		1,467,312
Junior Subordinated Debentures	5,155,000	5,155,000
Senior Convertible Debentures	6,084,000	6,084,000
Other Liabilities	4,823,644	4,755,118
Total Liabilities	837,705,090	857,531,844
Shareholders' Equity:
Serial Preferred Stock, $.01 Par Value	22,000,000	22,000,000	[4]
Common Stock, $.01 Par Value	31,449	30,884	[5]
Warrant Issued In Conjunction With Serial Preferred Stock	400,000	400,000
Additional Paid-In Capital	11,593,122	10,176,375
Treasury Stock, At Cost	(4,330,712)	(4,330,712)	[6]
Accumulated Other Comprehensive Income	7,529,526	3,637,675
Retained Earnings, Substantially Restricted	44,303,057	44,097,983
Total Shareholders' Equity	81,526,442	76,012,205
Total Liabilities And Shareholders' Equity	$ 919,231,532	$ 933,544,049

[1] Available For Sale: (Amortized cost of $323,598,753 at September 30, 2011 and $333,387,779 at March 31, 2011).

[2] Held To Maturity: (Fair value of $51,088,293 at September 30, 2011 and $34,122,925 at March 31, 2011).

[3] Held For Investment: (Net of allowance of $13,779,432 at September 30, 2011 and $12,501,800 at March 31, 2011).

[4] Serial Preferred Stock, $.01 Par Value; Authorized 200,000 Shares; Issued And Outstanding Series B 22,000 At September 30, 2011 And March 31, 2011.

[5] Common Stock, $.01 Par Value; Authorized Shares – 5,000,000; Issued and Outstanding Shares - 3,144,934 And 2,944,001 Respectively, At September 30, 2011 And At March 31, 2011.

[6] Treasury Stock, (At Cost, 200,933 Shares, At September 30, 2011 And At March 31, 2011).