Security Federal Corp (SFDL) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments281813131098
Cash and cash equivalents281813131098
Receivables505      
Total current assets:5331813131098
Noncurrent Assets
Operating lease, right-of-use asset22 
Property, plant and equipment25272724232120
Long-term investments and receivables2      
Accounts and financing receivable, after allowance for credit loss2      
Intangible assets, net (including goodwill)1111111
Goodwill1111111
Total noncurrent assets:31302825242221
Other undisclosed assets7371,124922875834781770
TOTAL ASSETS:1,3011,172963913869813800
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 251324241517
Total current liabilities: 251324241517
Noncurrent Liabilities
Long-term debt and lease obligation   2913 
Long-term debt, excluding current maturities   2913 
Total noncurrent liabilities:   2913 
Other undisclosed liabilities1,1861,035858806759713692
Total liabilities:1,1861,060871832791742709
Stockholders' equity
Stockholders' equity attributable to parent, including:1161129281787191
Treasury stock, value(4)(4)(4)(4)(4)(4)(4)
Additional paid in capital18181212121212
Accumulated other comprehensive income (loss)5134(0)314
Retained earnings96857973676257
Other undisclosed stockholders' equity attributable to parent00000022
Total stockholders' equity:1161129281787191
TOTAL LIABILITIES AND EQUITY:1,3011,172963913869813800

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues32312725252422
Net investment income27262523201918
Financial services revenue544
Cost of revenue (4)(0)(1)(0)(1) 
Provision for loan, lease, and other losses (4)(0)(1)
Financial services costs(0)(1) 
Gross profit:32272724252322
Operating expenses(32)(30)(28)(26)(24)(23)(23)
Other operating income, net
(Noninterest Income, Other Operating Income)
1111111
Operating income (loss):0(2)0(1)111
Nonoperating income5565655
Investment income, nonoperating5565544
Bank owned life insurance income1111110
Interest and debt expense(4)(7)(8)(5)(4)(4)(4)
Income (loss) from continuing operations before income taxes:2(3)(2)(1)321
Income tax expense(4)(2)(2)(2)(2)(2)(2)
Net income (loss):(2)(5)(4)(2)10(1)
Other undisclosed net income attributable to parent14121210567
Net income attributable to parent:13787666
Preferred stock dividends and other adjustments     1 
Other undisclosed net loss available to common stockholders, basic     (0)(0)
Net income available to common stockholders, basic:13787666
Dilutive securities, effect on basic earnings per share  00000
Net income available to common stockholders, diluted:13788666

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(2)(5)(4)(2)10(1)
Other comprehensive income (loss)(8)84(4)2(3)(1)
Comprehensive income (loss):(9)41(6)2(3)(2)
Other undisclosed comprehensive income, net of tax, attributable to parent14121210567
Comprehensive income, net of tax, attributable to parent:516124835

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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