Security Federal Corporation and Subsidiaries Consolidated Statements of Income (Unaudited) (USD $)	3 Months Ended		9 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2011	Dec. 31, 2010
Interest Income:
Interest - Loans	$ 6,912,656	$ 8,011,236	$ 21,440,946	$ 24,649,276
Interest - Mortgage-Backed Securities	1,822,526	1,966,515	5,889,250	6,359,160
Investment Securities	730,875	579,571	2,245,216	1,928,999
Other Interest Income	747	1,956	1,836	3,433
Total Interest Income	9,466,804	10,559,278	29,577,248	32,940,868
Interest Expense:
NOW And Money Market Accounts	435,400	459,440	1,344,529	1,638,090
Statement Savings Accounts	10,233	13,134	34,579	46,191
Certificate Accounts	1,176,590	1,846,667	3,916,893	5,963,591
Advances And Other Borrowed Money	1,208,230	1,382,049	3,783,956	4,440,815
Convertible Senior Debentures	121,680	121,680	365,040	365,040
Junior Subordinated Debentures	21,808	58,451	137,914	176,121
Total Interest Expense	2,973,941	3,881,421	9,582,911	12,629,848
Net Interest Income	6,492,863	6,677,857	19,994,337	20,311,020
Provision For Loan Losses	2,100,000	1,900,000	6,700,000	5,950,000
Net Interest Income After Provision For Loan Losses	4,392,863	4,777,857	13,294,337	14,361,020
Non-Interest Income:
Gain On Sale Of Investments	1,209,041	492,975	1,765,294	1,188,381
Gain On Sale Of Loans	162,126	334,713	391,810	1,180,870
Service Fees On Deposit Accounts	304,458	289,810	878,938	879,627
Income From Cash Value Of Life Insurance	105,000	105,000	315,000	305,000
Commissions From Insurance Agency	96,539	92,619	307,797	301,585
Trust Income	120,000	109,500	350,000	328,500
Mandatorily Redeemable Financial Instrument Valuation Adjustment		90,000	50,000	5,000
Check Card Fee Income	196,401	176,144	589,194	506,893
Other Non-Interest Income	369,892	89,200	679,185	523,557
Total Non-Interest Income	2,563,457	1,779,961	5,327,218	5,219,413
General And Administrative Expenses:
Salaries And Employee Benefits	2,671,521	3,016,325	8,250,733	9,023,500
Occupancy	484,056	439,374	1,435,224	1,443,340
Advertising	108,479	97,491	309,772	298,839
Depreciation And Maintenance Of Equipment	436,727	453,291	1,292,000	1,377,859
FDIC Insurance Premiums	130,998	366,000	687,910	994,048
Amortization of Intangibles	12,501	22,500	47,522	67,500
Net cost of operation of other real estate owned	525,728	419,516	823,568	1,225,188
Other Expense	864,976	1,059,504	2,745,442	2,848,260
Total General And Administrative Expenses	5,234,986	5,874,001	15,592,171	17,278,534
Income Before Income Taxes	1,721,334	683,817	3,029,384	2,301,899
Provision For Income Taxes	1,235,406	229,446	1,663,956	849,590
Net Income	485,928	454,371	1,365,428	1,452,309
Preferred Stock Dividends	110,000	110,001	330,000	556,452
Accretion Of Preferred Stock To Redemption Value				18,816
Net Income Available To Common Shareholders	$ 375,928	$ 344,370	$ 1,035,428	$ 877,041
Basic Net Income Per Common Share	$ 0.13	$ 0.12	$ 0.35	$ 0.34
Diluted Net Income Per Common Share	$ 0.13	$ 0.12	$ 0.35	$ 0.33
Cash Dividend Per Share On Common Stock	$ 0.08	$ 0.08	$ 0.24	$ 0.24
Basic Weighted Average Common Shares Outstanding	2,944,001	2,869,205	2,944,001	2,599,081
Diluted Weighted Average Common Shares Outstanding	2,944,001	2,931,633	2,944,001	2,678,530