Regulatory Matters (Tables)

9 Months Ended

Sep. 30, 2014

Banking and Thrift [Abstract]

Regulatory capital amounts and ratios

The Company and the Bank’s regulatory capital amounts and ratios are as follows as of the dates indicated:

	Actual				For Capital Adequacy				To Be Well Capitalized Under Prompt Corrective Action Provisions
	Amount		Ratio		Amount		Ratio		Amount		Ratio
	(Dollars in Thousands)
September 30, 2014
SECURITY FEDERAL CORP.
Tier 1 Risk-Based Core Capital (To Risk Weighted Assets)	$	75,436	19.8	%	$	15,211	4.0	%	N/A		N/A
Total Risk-Based Capital (To Risk Weighted Assets)	87,978		23.1	%	30,422		8.0	%	N/A		N/A
Tier 1 Leverage (Core) Capital (To Adjusted Tangible Assets)	75,436		9.2	%	32,977		4.0	%	N/A		N/A
SECURITY FEDERAL BANK
Tier 1 Risk-Based Core Capital (To Risk Weighted Assets)	$	84,807	22.3	%	$	15,200	4.0	%	$	22,800	6.0	%
Total Risk-Based Capital (To Risk Weighted Assets)	89,605		23.6	%	30,400		8.0	%	37,999		10.0	%
Tier 1 Leverage (Core) Capital (To Adjusted Tangible Assets)	84,807		10.3	%	32,967		4.0	%	41,209		5.0	%
December 31, 2013
SECURITY FEDERAL CORP.
Tier 1 Risk-Based Core Capital (To Risk Weighted Assets)	$	70,598	17.8	%	$	15,894	4.0	%	N/A		N/A
Total Risk-Based Capital (To Risk Weighted Assets)	84,529		21.3	%	31,788		8.0	%	N/A		N/A
Tier 1 Leverage (Core) Capital (To Adjusted Tangible Assets)	70,598		8.3	%	34,079		4.0	%	N/A		N/A
SECURITY FEDERAL BANK
Tier 1 Risk-Based Core Capital (To Risk Weighted Assets)	$	81,624	20.6	%	$	15,883	4.0	%	$	23,825	6.0	%
Total Risk-Based Capital (To Risk Weighted Assets)	86,652		21.8	%	31,767		8.0	%	39,709		10.0	%
Tier 1 Leverage (Core) Capital (To Adjusted Tangible Assets)	81,624		9.6	%	34,069		4.0	%	42,586		5.0	%