Call reports 2024
SECURITY FEDERAL BANK — 2024
What SECURITY FEDERAL BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 1,455,108,000 | 1,479,242,000 | 1,511,654,000 | 1,546,414,000 |
| Total loans | 658,849,000 | 668,160,000 | 700,312,000 | 701,043,000 |
| Allowance for loan losses | 12,842,000 | 12,958,000 | 13,604,000 | 13,894,000 |
| Securities available for sale | 532,468,000 | 519,434,000 | 529,166,000 | 520,549,000 |
| Securities held to maturity | 109,511,000 | 105,766,000 | 101,679,000 | 99,393,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,231,924,000 | 1,260,393,000 | 1,280,523,000 | 1,328,349,000 |
| Interest-bearing deposits | 963,804,000 | 989,769,000 | 1,020,136,000 | 1,060,902,000 |
| Noninterest-bearing deposits | 268,120,000 | 270,624,000 | 260,387,000 | 267,447,000 |
| Equity capital | 118,835,000 | 121,136,000 | 130,975,000 | 128,834,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 18,055,000 | 36,212,000 | 54,988,000 | 74,523,000 |
| Interest expense | 8,294,000 | 16,493,000 | 25,169,000 | 33,808,000 |
| Net interest income | 9,761,000 | 19,719,000 | 29,819,000 | 40,715,000 |
| Noninterest income | 2,237,000 | 4,484,000 | 6,838,000 | 9,530,000 |
| Noninterest expense | 9,569,000 | 19,095,000 | 28,208,000 | 37,834,000 |
| Provision for loan losses | 300,000 | 475,000 | 1,200,000 | 1,480,000 |
| Pretax income | 2,094,000 | 4,598,000 | 7,396,000 | 11,079,000 |
| Income tax | 530,000 | 1,035,000 | 1,695,000 | 2,460,000 |
| Net income | 1,564,000 | 3,563,000 | 5,701,000 | 8,619,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 151,693,000 | 153,692,000 | 155,830,000 | 158,748,000 |
| Total capital | 162,258,000 | 164,268,000 | 166,722,000 | 169,405,000 |
| Risk-weighted assets | 842,054,000 | 842,771,000 | 867,885,000 | 848,542,000 |