XML 142 R101.htm IDEA: XBRL DOCUMENT v2.4.0.6
Security Federal Corporation Condensed Financial Statements (Parent Company Only) (Condensed Statements of Income Data) (Details) (USD $)
3 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Dec. 31, 2012
Dec. 31, 2011
Mar. 31, 2012
Mar. 31, 2011
Income:                      
Interest Income $ 8,044,000 $ 8,271,000 $ 8,476,000 $ 8,952,000 $ 9,467,000 $ 9,880,000 $ 10,230,000 $ 24,791,224 $ 29,577,248 $ 38,528,823 $ 43,742,340
Miscellaneous Income 1,703,000 1,478,000 1,184,000 1,614,000 2,563,000 1,492,000 1,271,000 4,364,854 5,327,218 6,941,705 6,794,961
Expenses:                      
Interest Expense 2,378,000 2,463,000 2,619,000 2,814,000 2,974,000 3,260,000 3,349,000 7,459,816 9,582,911 12,396,832 16,095,115
Mandatorily Redeemable Financial Instrument Valuation Income               0   (50,000) (196,000)
Other Expenses               2,713,044   3,617,643 4,218,751
Income Before Income Taxes 726,000 915,000 1,018,000 677,000 1,721,000 615,000 692,000 2,658,708 3,029,384 3,706,656 2,801,046
Income Tax Benefit 172,000 245,000 287,000 247,000 1,235,000 197,000 231,000 703,759 1,663,956 1,911,281 958,133
Net Income 554,000 670,000 731,000 430,000 486,000 418,000 461,000 1,954,949 1,365,428 1,795,375 1,842,913
Preferred Stock Dividends 110,000 110,000 110,000 110,000 110,000 110,000 110,000 330,000 330,000 440,000 666,453
Accretion Of Preferred Stock To Redemption Value               0   0 18,816
Net Income Available To Common Shareholders 444,000 560,000 621,000 320,000 376,000 308,000 351,000 1,624,949 1,035,428 1,355,375 1,157,644
Parent Company [Member]
                     
Income:                      
Equity In Earnings Of Security Federal Bank               2,229,630   2,095,707 2,029,275
Interest Income               22,941   78,667 91,806
Miscellaneous Income               0   34,338 24,803
Total Income               2,252,571   2,208,712 2,145,884
Expenses:                      
Interest Expense               449,049   653,727 720,081
Mandatorily Redeemable Financial Instrument Valuation Income               0   (50,000) (196,000)
Other Expenses               16,814   24,329 37,757
Total Expenses               465,863   628,056 561,838
Income Before Income Taxes               1,786,708   1,580,656 1,584,046
Income Tax Benefit               (168,241)   (214,719) (258,867)
Net Income               1,954,949   1,795,375 1,842,913
Preferred Stock Dividends               330,000   440,000 666,453
Accretion Of Preferred Stock To Redemption Value               0   0 18,816
Net Income Available To Common Shareholders               $ 1,624,949   $ 1,355,375 $ 1,157,644