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Regulatory Matters (Tables)
 12 Months Ended
Dec. 31, 2018
Banking and Thrift [Abstract]  
Regulatory capital amounts and ratios

The following tables provide the Company’s and the Bank’s regulatory capital requirements and actual results at December 31, 2018 and 2017.
 
Actual
 
For Capital Adequacy
 
To Be Well Capitalized
 
Amount
 
Ratio
 
Amount
 
Ratio
 
Amount
 
Ratio
 
(Dollars in Thousands)
December 31, 2018
 
 
 
 
 
 
 
 
 
 
 
SECURITY FEDERAL CORP.
 
 
 
 
 
 
 
 
 
 
 
Tier 1 Risk-Based Core Capital
(To Risk Weighted Assets)
$
84,345

 
15.3
%
 
$
33,006

 
6.0
%
 
 
N/A

 
 
N/A

Total Risk-Based Capital
(To Risk Weighted Assets)
91,249

 
16.6
%
 
44,008

 
8.0
%
 
 
N/A

 
 
N/A

Common Equity Tier 1 Capital (To Risk Weighted Assets)
79,345

 
14.4
%
 
24,755

 
4.5
%
 
 
N/A

 
 
N/A

Tier 1 Leverage (Core) Capital
(To Adjusted Tangible Assets)
84,345

 
9.2
%
 
36,493

 
4.0
%
 
 
N/A

 
 
N/A

SECURITY FEDERAL BANK
 
 
 
 
 
 
 
 
 
 
 
Tier 1 Risk-Based Core Capital
(To Risk Weighted Assets)
$
89,188

 
16.2
%
 
$
33,005

 
6.0
%
 
$
44,007

 
8.0
%
Total Risk-Based Capital
(To Risk Weighted Assets)
96,092

 
17.5
%
 
44,007

 
8.0
%
 
55,009

 
10.0
%
Common Equity Tier 1 Capital (To Risk Weighted Assets)
89,188

 
16.2
%
 
24,754

 
4.5
%
 
35,756

 
6.5
%
Tier 1 Leverage (Core) Capital
(To Adjusted Tangible Assets)
89,188

 
9.8
%
 
36,486

 
4.0
%
 
45,608

 
5.0
%
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
SECURITY FEDERAL CORP.
 
 
 
 
 
 
 
 
 
 
 
Tier 1 Risk-Based Core Capital
(To Risk Weighted Assets)
$
78,790

 
15.8
%
 
$
29,998

 
6.0
%
 
 
N/A

 
 
N/A

Total Risk-Based Capital
(To Risk Weighted Assets)
85,066

 
17.0
%
 
39,997

 
8.0
%
 
 
N/A

 
 
N/A

Common Equity Tier 1 Capital (To Risk Weighted Assets)
73,790

 
14.8
%
 
22,498

 
4.5
%
 
 
N/A

 
 
N/A

Tier 1 Leverage (Core) Capital
(To Adjusted Tangible Assets)
78,790

 
9.1
%
 
34,518

 
4.0
%
 
 
N/A

 
 
N/A

SECURITY FEDERAL BANK
 
 
 
 
 
 
 
 
 
 
 
Tier 1 Risk-Based Core Capital
(To Risk Weighted Assets)
$
88,275

 
17.7
%
 
$
29,989

 
6.0
%
 
$
39,985

 
8.0
%
Total Risk-Based Capital
(To Risk Weighted Assets)
94,547

 
18.9
%
 
39,985

 
8.0
%
 
49,981

 
10.0
%
Common Equity Tier 1 Capital (To Risk Weighted Assets)
88,275

 
17.7
%
 
22,491

 
4.5
%
 
32,488

 
6.5
%
Tier 1 Leverage (Core) Capital
(To Adjusted Tangible Assets)
88,275

 
10.2
%
 
34,512

 
4.0
%
 
43,140

 
5.0
%