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Security Federal Corporation and Subsidiaries Consolidated Statements of Cash Flows (USD $)
12 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Mar. 31, 2010
Cash Flows From Operating Activities:      
Net Income $ 1,795,375 $ 1,842,913 $ 1,604,801
Adjustments To Reconcile Net Income To Net Cash Provided By Operating Activities:      
Depreciation Expense 1,491,028 1,549,477 1,577,968
Amortization of Intangible Assets 60,023 90,000 90,000
Stock Option Compensation Expense 33,123 34,424 33,124
Discount Accretion And Premium Amortization 5,536,476 3,690,505 1,914,150
Provisions For Losses On Loans 8,650,000 7,800,000 8,155,000
Writedown of Goodwill     222,000
Mandatorily Redeemable Financial Instrument Valuation (Income) Expense (50,000) (196,000) 63,000
Income From Bank Owned Life Insurance (420,000) (415,000) (360,000)
Gain On Sales Of Loans (534,968) (1,404,879) (1,040,014)
Gain On Sales Of Mortgage-Backed Securities (1,255,867) (1,207,238) (619,856)
Gain On Sales Of Investment Securities (1,044,387) (313,361) (593,185)
Loss On Sale Of Real Estate Owned 4,230 256,484 103,920
Write Down On Real Estate Owned 608,920 1,409,564 504,580
Amortization Of Deferred Fees On Loans (18,665) (11,550) (128,217)
(Gain) loss On Disposition of Premises and Equipment     (25)
Proceeds From Sale Of Loans Held For Sale 40,891,379 74,175,983 68,819,036
Origination Of Loans Held For Sale (37,861,948) (74,775,875) (65,228,678)
(Increase) Decrease In Accrued Interest Receivable:      
Loans 24,029 45,190 224,496
Mortgage-Backed Securities (43,244) 19,713 174,531
Investment Securities 93,864 (185,958) (339,632)
(Decrease) Increase In Advance Payments By Borrowers (31,024) 54,156 (94,129)
(Increase) Decrease In Prepaid FDIC Assessment 674,171 1,172,294 (3,987,622)
Other, Net (1,576,174) 444,784 (2,586,265)
Net Cash Provided By Operating Activities 17,026,341 14,075,626 8,508,983
Cash Flows From Investing Activities:      
Purchase Of Mortgage-Backed Securities Available For Sale (95,362,225) (116,717,564) (80,947,679)
Principal Repayments On Mortgage-Backed Securities Available For Sale 48,615,134 58,109,556 63,591,884
Maturities Of Mortgage-Backed Securities Available For Sale     1,000,000
Purchase Of Mortgage-Backed Securities Held To Maturity (26,183,966) (12,726,562)  
Principal Repayments On Mortgage-Backed Securities Held To Maturity 1,241,459 3,725,195 7,486,884
Purchase Of Investment Securities Available For Sale (75,048,637) (88,254,904) (69,209,182)
Maturities Of Investment Securities Available For Sale 30,601,423 31,044,163 18,640,344
Purchase of Investment Securities Held To Maturity (18,532,549) (7,043,450)  
Maturities of Investment Securities Held To Maturity 8,598,502 1,628,735 4,881,502
Proceeds From Sale of Investment Securities Available For Sale 28,213,347 16,463,819 27,465,905
Proceeds From Sale of Mortgage-Backed Securities Available For Sale 50,076,125 48,564,592 30,725,706
Investment In Certificates Of Deposits With Other Banks (1,625,000)    
Purchase Of FHLB Stock (34,343)    
Redemption Of FHLB Stock 2,830,728 1,356,915 38,300
Decrease In Loans Receivable 40,557,533 62,562,563 21,540,257
Capital Improvements To Repossessed Assets (36,877) (549,458)  
Proceeds From Sale Of Repossessed Assets 3,974,160 10,804,585 1,177,276
Purchase And Improvement Of Premises And Equipment (416,712) (629,609) (623,964)
Proceeds From Sale Of Premises And Equipment     971
Net Cash Provided By Investing Activities (2,531,898) 8,338,576 25,768,204
Cash Flows From Financing Activities:      
Increase (Decrease) In Deposit Accounts 5,843,942 (3,895,323) 32,538,862
Proceeds From FHLB Advances 106,501,384 148,420,000 310,885,319
Repayment Of FHLB Advances (122,567,920) (174,287,544) (365,879,871)
Proceeds From Term Auction Facility Advances     207,000,000
Repayment of Term Auction Facility Advances     (217,000,000)
Repayment Of Other Borrowings, Net (1,394,088) (864,996) (3,995,496)
Proceeds From Issuance of Preferred Stock   22,000,000  
Proceeds From Issuance of Common Stock   4,829,060  
Redemption Of Preferred Stock   (18,000,000)  
Proceeds From Senior Convertible Debentures     6,084,000
Proceeds From Employee Stock Purchase Plan Purchases     19,800
Dividends To Preferred Shareholders (440,000) (726,222) (900,000)
Dividends To Common Shareholders (942,027) (858,184) (787,550)
Net Cash Used By Financing Activities (12,998,709) (23,383,209) (32,034,936)
Net Increase (Decrease) In Cash And Cash Equivalents 1,495,734 (969,007) 2,242,251
Cash And Cash Equivalents At Beginning Of Period 7,835,638 8,804,645 6,562,394
Cash And Cash Equivalents At End Of Period 9,331,372 7,835,638 8,804,645
Cash Paid During The Period For:      
Interest 12,527,487 16,377,342 20,326,637
Income Taxes 2,863,176 429,432 3,396,162
Supplemental Schedule Of Non Cash Transactions:      
Transfers from Loans Receivable 4,276,679 15,581,977 10,573,654
Gains (Losses) On Securities Available For Sale, Net of Taxes $ 2,895,898 $ (970,405) $ 798,146