SECURITY FEDERAL CORP
For the period ended Dec 31, 2025. Filed Mar 20, 2026.
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FY2025 · Filed Mar 20, 2026
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Consolidated Balance Sheets at December 31, 2025 and 2024
| December 31, | ||
|---|---|---|
| (Dollars in thousands) | 2025 | 2024 |
| Assets: | ||
| Cash and Cash Equivalents | $75,335 | $178,277 |
| Certificates of Deposit with Other Banks | 1,250 | 1,250 |
| Investments: | ||
| Available For Sale ("AFS") | 663,467 | 525,623 |
| Held To Maturity ("HTM") (Fair Value of $111,009 and $130,902 at December 31, 2025 and December 31, 2024, Respectively) | 112,818 | 135,200 |
| Total Investments | 776,285 | 660,823 |
| Loans Receivable, Net: | ||
| Held For Sale | 3,126 | 599 |
| Held For Investment (Net of Allowance of $13,529 and $13,894 at December 31, 2025 and December 31, 2024, Respectively) | 673,056 | 686,550 |
| Total Loans Receivable, Net | 676,182 | 687,149 |
| Accrued Interest Receivable | 4,914 | 5,374 |
| Operating Lease Right-of-Use Assets | 1,023 | 927 |
| Land Held for Sale | 702 | 938 |
| Premises and Equipment, Net | 32,742 | 29,321 |
| Federal Home Loan Bank ("FHLB") Stock, at Cost | 1,083 | 1,089 |
| Other Real Estate Owned ("OREO") | 45 | — |
| Bank Owned Life Insurance ("BOLI") | 34,454 | 28,660 |
| Goodwill | 1,200 | 1,200 |
| Other Assets | 12,869 | 16,765 |
| Total Assets | $1,618,084 | $1,611,773 |
| Liabilities: | ||
| Deposit Accounts | $1,371,777 | $1,324,033 |
| Borrowings from Federal Reserve Bank ("FRB") | — | 50,000 |
| Other Borrowings | 25,262 | 27,809 |
| Junior Subordinated Debentures | — | 5,155 |
| Subordinated Debentures | 10,000 | 10,000 |
| Operating Lease Liabilities | 1,047 | 959 |
| Other Liabilities | 9,543 | 11,428 |
| Total Liabilities | 1,417,629 | 1,429,384 |
| Commitments (Note 18) | ||
| Shareholders' Equity: | ||
| Senior Non-Cumulative Perpetual Preferred Stock, Series ECIP, $1,000 Par Value; (82,949 Shares Authorized, Issued and Outstanding at December 31, 2025 and 2024) | $82,949 | $82,949 |
| Common Stock, $0.01 Par Value; 5,000,000 Shares Authorized; 3,459,388 Shares Issued and 3,113,843 Shares Outstanding at December 31, 2025 and 3,458,050 Shares Issued and 3,186,571 Shares Outstanding at December 31, 2024 | 35 | 35 |
| Additional Paid-In Capital ("APIC") | 18,378 | 18,336 |
| Treasury Stock, at Cost (345,545 and 271,479 Shares Outstanding at December 31, 2025 and 2024, Respectively) | (8,241) | (5,964) |
| Accumulated Other Comprehensive Loss ("AOCL") | (20,608) | (31,105) |
| Retained Earnings | 127,942 | 118,138 |
| Total Shareholders' Equity | 200,455 | 182,389 |
| Total Liabilities and Shareholders' Equity | $1,618,084 | $1,611,773 |
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