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Security Federal Corporation and Subsidiaries Consolidated Statements of Shareholders’ Equity and Comprehensive Income (Unaudited) (USD $)
Total
Preferred Stock
Warrants
Common Stock
Additional Paid-In Capital
Treasury Stock
Accumulated Other Comprehensive Income
Retained Earnings
Total Stockholder's Equity
Balance At Start Of Period at Mar. 31, 2010 $ 17,692,609$ 400,000$ 26,055$ 5,352,144$ (4,330,712)$ 4,608,080$ 44,112,443$ 67,860,619
Net Income997,938      997,938997,938
Other Comprehensive Income, Net of Tax:         
Unrealized Holding Gains On Securities Available For Sale, Net of Taxes1,946,850     2,378,002 2,378,002
Reclassification Adjustment For Gains Included In Net Income, Net of Taxes      (431,152) (431,152)
Comprehensive Income        2,944,788
Preferred Stock Issuance22,000,00022,000,000      22,000,000
Preferred Stock Redemption(18,000,000)(17,711,425)     (288,575)(18,000,000)
Common Stock Issuance4,000,000  4,0003,996,000   4,000,000
Accretion Of Preferred Stock To Redemption Value18,81618,816     (18,816) 
Stock Compensation Expense    16,562   16,562
Cash Dividends On Preferred       (560,000)(560,000)
Cash Dividends On Common       (393,777)(393,777)
Balance At End Of Period at Sep. 30, 2010 22,000,000400,00030,0559,364,706(4,330,712)6,554,93043,849,21377,868,192
Balance At Start Of Period at Mar. 31, 2011 22,000,000400,00030,88410,176,375(4,330,712)3,637,67544,097,98376,012,205
Net Income879,500      879,500879,500
Other Comprehensive Income, Net of Tax:         
Unrealized Holding Gains On Securities Available For Sale, Net of Taxes3,891,851     4,236,728 4,236,728
Reclassification Adjustment For Gains Included In Net Income, Net of Taxes      (344,877) (344,877)
Comprehensive Income        4,771,351
Redemption Of Mandatorily Redeemable Financial Instrument   5651,416,747   1,417,312
Stock Compensation Expense       16,56216,562
Cash Dividends On Preferred       (220,000)(220,000)
Cash Dividends On Common       (470,988)(470,988)
Balance At End Of Period at Sep. 30, 2011 $ 22,000,000$ 400,000$ 31,449$ 11,593,122$ (4,330,712)$ 7,529,526$ 44,303,057$ 81,526,442