Security Federal Corp (SFDL) financial statements (2021 and earlier)

Company profile

Business Address 238 RICHLAND AVENUE NW
AIKEN, SC 29801
State of Incorp. SC
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1313109810
Cash and cash equivalents1313109810
Total current assets:1313109810
Noncurrent Assets
Property, plant and equipment272423212018
Intangible assets, net (including goodwill)111111
Goodwill111111
Total noncurrent assets:282524222119
Other undisclosed assets922875834781770796
TOTAL ASSETS:963913869813800825
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt1324241517 
Total current liabilities:1324241517 
Noncurrent Liabilities
Long-term debt and lease obligation 2913  
Long-term debt, excluding current maturities 2913  
Total noncurrent liabilities: 2913  
Other undisclosed liabilities858806759713692738
Total liabilities:871832791742709738
Stockholders' equity
Stockholders' equity attributable to parent, including:928178719187
Treasury stock, value(4)(4)(4)(4)(4)(4)
Additional paid in capital121212121212
Accumulated other comprehensive income (loss)4(0)3145
Retained earnings797367625752
Other undisclosed stockholders' equity attributable to parent00002222
Total stockholders' equity:928178719187
TOTAL LIABILITIES AND EQUITY:963913869813800825

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues27252524221
Revenue, net0001
Net investment income2523201918 
Financial services revenue544 
Cost of revenue(0)(1)(0)(1) (0)
Provision for loan, lease, and other losses(0)(1)
Financial services costs(0)(1) (0)
Gross profit:27242523220
Operating expenses(28)(26)(24)(23)(23)(23)
Other operating income, net111115
Noninterest income, other operating income111111
Other expenses     4
Operating income (loss):0(1)111(18)
Nonoperating income656555
Investment income, nonoperating655444
Bank owned life insurance income111101
Interest and debt expense(8)(5)(4)(4)(4)(6)
Income (loss) from continuing operations before income taxes:(2)(1)321(19)
Income tax expense(2)(2)(2)(2)(2)(2)
Net income (loss):(4)(2)10(1)(21)
Other undisclosed net income attributable to parent121056727
Net income attributable to parent:876666
Preferred stock dividends and other adjustments   1  
Other undisclosed net loss available to common stockholders, basic   (0)(0)(0)
Net income available to common stockholders, basic:876665
Dilutive securities, effect on basic earnings per share00000 
Net income available to common stockholders, diluted:886665

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(4)(2)10(1)(21)
Other comprehensive income (loss)4(4)2(3)(1)5
Comprehensive income (loss):1(6)2(3)(2)(16)
Other undisclosed comprehensive income, net of tax, attributable to parent121056727
Comprehensive income, net of tax, attributable to parent:12483511

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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