Call reports 2023
SECURITY FEDERAL BANK — 2023
What SECURITY FEDERAL BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 1,341,100,000 | 1,407,835,000 | 1,414,727,000 | 1,487,193,000 |
| Total loans | 586,557,000 | 601,948,000 | 610,378,000 | 635,098,000 |
| Allowance for loan losses | 12,127,000 | 12,283,000 | 12,348,000 | 12,569,000 |
| Securities available for sale | 541,070,000 | 541,953,000 | 531,422,000 | 537,640,000 |
| Securities held to maturity | 116,906,000 | 114,150,000 | 112,323,000 | 112,861,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,134,392,000 | 1,206,003,000 | 1,213,674,000 | 1,221,629,000 |
| Interest-bearing deposits | 837,428,000 | 920,709,000 | 930,350,000 | 937,048,000 |
| Noninterest-bearing deposits | 296,964,000 | 285,294,000 | 283,324,000 | 284,581,000 |
| Equity capital | 108,405,000 | 105,491,000 | 102,378,000 | 116,279,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 13,630,000 | 28,603,000 | 44,799,000 | 62,552,000 |
| Interest expense | 3,543,000 | 9,538,000 | 16,471,000 | 23,976,000 |
| Net interest income | 10,087,000 | 19,065,000 | 28,328,000 | 38,576,000 |
| Noninterest income | 2,143,000 | 4,278,000 | 6,372,000 | 9,064,000 |
| Noninterest expense | 8,996,000 | 17,822,000 | 26,683,000 | 35,670,000 |
| Provision for loan losses | 165,000 | 326,000 | 376,000 | 601,000 |
| Pretax income | 3,234,000 | 5,300,000 | 7,796,000 | 11,724,000 |
| Income tax | 701,000 | 1,131,000 | 1,659,000 | 2,129,000 |
| Net income | 2,533,000 | 4,169,000 | 6,137,000 | 9,595,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 142,406,000 | 144,043,000 | 146,670,000 | 150,129,000 |
| Total capital | 152,417,000 | 154,244,000 | 156,851,000 | 160,457,000 |
| Risk-weighted assets | 797,718,000 | 812,905,000 | 811,235,000 | 823,175,000 |