XML 116 R88.htm IDEA: XBRL DOCUMENT v3.21.1
Security Federal Corporation Condensed Financial Statements (Parent Company Only) (Condensed Statements of Income Data) (Details) - USD ($)
3 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Income:                      
SEC Schedule, 12-04, Cash Dividends Paid to Registrant, Subsidiaries and Equity Method Investees                 $ 0 $ 6,400,000 $ 6,400,000
Interest Income $ 9,564,000 $ 9,339,000 $ 9,098,000 $ 9,095,000 $ 9,134,000 $ 9,641,000 $ 9,128,000 $ 9,031,000 37,096,325 36,934,111 33,072,075
Miscellaneous Income 2,831,000 2,988,000 2,806,000 2,796,000 2,000,000 2,408,000 2,492,000 2,196,000 11,421,133 9,097,143 7,669,146
Expenses:                      
Interest Expense 1,175,000 1,431,000 1,756,000 2,219,000 2,237,000 2,291,000 2,009,000 1,774,000 6,581,692 8,311,500 5,449,419
Other Expenses                 5,074,608 5,262,101 5,086,386
Income Before Income Taxes 3,832,000 1,010,000 2,457,000 1,328,000 1,801,000 2,694,000 2,370,000 2,609,000 8,627,561 9,474,037 8,776,747
Income Tax Benefit 767,000 105,000 441,000 264,000 199,000 475,000 486,000 520,000 1,576,957 1,679,550 1,569,526
Net Income $ 3,065,000 $ 905,000 $ 2,016,000 $ 1,064,000 $ 1,602,000 $ 2,219,000 $ 1,884,000 $ 2,089,000 7,050,604 7,794,487 7,207,221
Net Income Available To Common Shareholders                 7,050,604 7,794,487  
Parent Company [Member]                      
Income:                      
Equity in Earnings of Security Federal Bank                 8,393,140 2,092,130 1,523,443
Miscellaneous Income                 148,877 62,390 21,235
Total Income                 8,542,017 8,554,520 7,944,678
Expenses:                      
Interest Expense                 1,783,796 906,152 916,832
Other Expenses                 64,494 39,331 11,099
Total Expenses                 1,848,290 945,483 927,931
Income Before Income Taxes                 6,693,727 7,609,037 7,016,747
Income Tax Benefit                 (356,877) (185,450) (190,474)
Net Income                 $ 7,050,604 $ 7,794,487 $ 7,207,221