XML 115 R84.htm IDEA: XBRL DOCUMENT v3.23.1
Security Federal Corporation Condensed Financial Statements (Parent Company Only) (Condensed Statements of Income Data) (Details) - USD ($)
3 Months Ended 12 Months Ended
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Dec. 31, 2021
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Dec. 31, 2022
Dec. 31, 2021
Income:                    
Interest Income $ 13,197,000 $ 11,293,000 $ 9,388,000 $ 8,700,000 $ 9,634,000 $ 9,668,000 $ 8,717,000 $ 9,098,000 $ 42,578,000 $ 37,117,000
Miscellaneous Income 2,149,000 2,224,000 2,638,000 2,603,000 2,642,000 4,530,000 2,687,000 2,774,000 9,612,000 12,633,000
Expenses:                    
Interest Expense 2,231,000 1,159,000 844,000 795,000 924,000 845,000 978,000 1,078,000 5,028,000 3,824,000
Other Expenses                 4,661,000 3,433,000
Income Before Income Taxes 4,191,000 4,080,000 2,753,000 1,913,000 2,544,000 5,969,000 3,715,000 4,054,000 12,937,000 16,283,000
Income Tax Benefit 902,000 854,000 589,000 364,000 516,000 1,327,000 791,000 875,000 2,709,000 3,509,000
Net Income $ 3,289,000 $ 3,226,000 $ 2,164,000 $ 1,549,000 $ 2,028,000 $ 4,642,000 $ 2,924,000 $ 3,179,000 10,228,000 12,774,000
Net Income Available To Common Shareholders                 10,228,000 12,774,000
Parent Company [Member]                    
Income:                    
Equity in Earnings of Security Federal Bank                 10,668,000 14,110,000
Interest Income                 1,226,000 0
Miscellaneous Income                 16,000 46,000
Total Income                 11,910,000 14,156,000
Expenses:                    
Interest Expense                 1,732,000 1,672,000
Other Expenses                 65,000 65,000
Total Expenses                 1,797,000 1,737,000
Income Before Income Taxes                 10,113,000 12,419,000
Income Tax Benefit                 (115,000) (355,000)
Net Income                 $ 10,228,000 $ 12,774,000