Call reports 2020
SECURITY FEDERAL BANK — 2020
What SECURITY FEDERAL BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 1,029,261,000 | 1,101,686,000 | 1,130,843,000 | 1,171,207,000 |
| Total loans | 469,838,000 | 545,123,000 | 540,716,000 | 492,010,000 |
| Allowance for loan losses | 9,873,000 | 10,676,000 | 12,846,000 | 12,843,000 |
| Securities available for sale | 469,324,000 | 471,932,000 | 504,802,000 | 589,324,000 |
| Securities held to maturity | 18,287,000 | 16,859,000 | 15,848,000 | 18,254,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 801,675,000 | 899,936,000 | 929,382,000 | 941,257,000 |
| Interest-bearing deposits | 679,966,000 | 724,702,000 | 739,327,000 | 740,464,000 |
| Noninterest-bearing deposits | 121,709,000 | 175,234,000 | 190,055,000 | 200,793,000 |
| Equity capital | 106,206,000 | 117,667,000 | 120,302,000 | 123,814,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 9,273,000 | 18,570,000 | 28,146,000 | 37,921,000 |
| Interest expense | 1,789,000 | 3,151,000 | 4,178,000 | 4,948,000 |
| Net interest income | 7,484,000 | 15,419,000 | 23,968,000 | 32,973,000 |
| Noninterest income | 2,062,000 | 4,244,000 | 6,922,000 | 9,563,000 |
| Noninterest expense | 7,686,000 | 14,721,000 | 22,457,000 | 29,851,000 |
| Provision for loan losses | 700,000 | 1,400,000 | 3,600,000 | 3,600,000 |
| Pretax income | 1,776,000 | 4,644,000 | 6,075,000 | 10,327,000 |
| Income tax | 358,000 | 885,000 | 1,079,000 | 1,934,000 |
| Net income | 1,418,000 | 3,759,000 | 4,996,000 | 8,393,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 102,698,000 | 105,039,000 | 106,276,000 | 109,673,000 |
| Total capital | 109,754,000 | 112,250,000 | 113,595,000 | 117,101,000 |
| Risk-weighted assets | 561,680,000 | 573,435,000 | 580,008,000 | 588,841,000 |