Security Federal Corporation
Security Federal Corporation operates as the bank holding company for Security Federal Bank that provides various banking products and services. It offers various deposit products, such as savings and checking accounts, money market accounts, fixed interest rate certificates with varying maturities, and individual retirement accounts. The company provides real estate loans comprising commercial r… Read more
Security Federal Corporation (SFDL) - Net Assets
Latest net assets as of September 2025: $194.79 Million USD
Based on the latest financial reports, Security Federal Corporation (SFDL) has net assets worth $194.79 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.61 Billion) and total liabilities ($1.42 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $194.79 Million |
| % of Total Assets | 12.08% |
| Annual Growth Rate | 8.54% |
| 5-Year Change | -83.21% |
| 10-Year Change | 100.5% |
| Growth Volatility | 330.27 |
Security Federal Corporation - Net Assets Trend (2002–2024)
This chart illustrates how Security Federal Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Security Federal Corporation (2002–2024)
The table below shows the annual net assets of Security Federal Corporation from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $182.39 Million | +5.82% |
| 2023-12-31 | $172.36 Million | +7.57% |
| 2022-12-31 | $160.23 Million | -87.05% |
| 2021-12-31 | $1.24 Billion | +13.90% |
| 2020-12-31 | $1.09 Billion | +1083.61% |
| 2019-12-31 | $91.76 Million | +13.96% |
| 2018-12-31 | $80.52 Million | +3.33% |
| 2017-12-31 | $77.92 Million | +9.58% |
| 2016-12-31 | $71.11 Million | -21.83% |
| 2015-12-31 | $90.97 Million | -87.91% |
| 2014-12-31 | $752.70 Million | +865.12% |
| 2013-12-31 | $77.99 Million | -90.20% |
| 2012-12-31 | $795.96 Million | +885.44% |
| 2011-12-31 | $80.77 Million | +6.26% |
| 2010-12-31 | $76.01 Million | +12.01% |
| 2009-12-31 | $67.86 Million | +1.15% |
| 2008-12-31 | $67.09 Million | +41.26% |
| 2007-12-31 | $47.50 Million | +11.25% |
| 2006-12-31 | $42.69 Million | +13.54% |
| 2005-12-31 | $37.60 Million | +7.09% |
| 2004-12-31 | $35.11 Million | +4.90% |
| 2003-12-31 | $33.47 Million | +11.42% |
| 2002-12-31 | $30.04 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Security Federal Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 372.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $118.14 Million | 64.77% |
| Common Stock | $35.00K | 0.02% |
| Other Comprehensive Income | $-31.11 Million | -17.05% |
| Other Components | $95.32 Million | 52.26% |
| Total Equity | $182.39 Million | 100.00% |
Security Federal Corporation Competitors by Market Cap
The table below lists competitors of Security Federal Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Eurasia Mining Plc
F:EUH
|
$48.91 Million |
|
Soundwill Holdings Limited
PINK:SDWHF
|
$48.91 Million |
|
351
F:351
|
$48.93 Million |
|
Inhibikase Therapeutics Inc
NASDAQ:IKT
|
$48.93 Million |
|
Ascend Wellness Holdings Inc
OTCQX:AAWH
|
$48.90 Million |
|
PC Gold Ltd
AU:PC2
|
$48.89 Million |
|
Citizens Bancorp of Virginia Inc
PINK:CZBT
|
$48.85 Million |
|
Merchants & Marine Bancorp Inc
OTCQX:MNMB
|
$48.84 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Security Federal Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 172,362,000 to 182,389,000, a change of 10,027,000 (5.8%).
- Net income of 9,807,000 contributed positively to equity growth.
- Dividend payments of 2,723,000 reduced retained earnings.
- Share repurchases of 1,051,000 reduced equity.
- Other comprehensive income increased equity by 3,945,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $9.81 Million | +5.38% |
| Dividends Paid | $2.72 Million | -1.49% |
| Share Repurchases | $1.05 Million | -0.58% |
| Other Comprehensive Income | $3.94 Million | +2.16% |
| Other Changes | $49.00K | +0.03% |
| Total Change | $- | 5.82% |
Book Value vs Market Value Analysis
This analysis compares Security Federal Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.51x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 2.49x to 0.51x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | $11.74 | $29.26 | x |
| 2003-12-31 | $13.07 | $29.26 | x |
| 2004-12-31 | $13.71 | $29.26 | x |
| 2005-12-31 | $14.60 | $29.26 | x |
| 2006-12-31 | $16.37 | $29.26 | x |
| 2007-12-31 | $18.36 | $29.26 | x |
| 2008-12-31 | $26.63 | $29.26 | x |
| 2009-12-31 | $26.85 | $29.26 | x |
| 2010-12-31 | $27.51 | $29.26 | x |
| 2011-12-31 | $27.44 | $29.26 | x |
| 2012-12-31 | $15.44 | $29.26 | x |
| 2013-12-31 | $26.53 | $29.26 | x |
| 2014-12-31 | $28.49 | $29.26 | x |
| 2015-12-31 | $29.49 | $29.26 | x |
| 2016-12-31 | $22.97 | $29.26 | x |
| 2017-12-31 | $25.15 | $29.26 | x |
| 2018-12-31 | $24.72 | $29.26 | x |
| 2019-12-31 | $28.16 | $29.26 | x |
| 2020-12-31 | $34.83 | $29.26 | x |
| 2021-12-31 | $35.51 | $29.26 | x |
| 2022-12-31 | $49.26 | $29.26 | x |
| 2023-12-31 | $53.06 | $29.26 | x |
| 2024-12-31 | $56.85 | $29.26 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Security Federal Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.38%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.40%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 8.84x
- Recent ROE (5.38%) is below the historical average (7.12%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 10.76% | 11.76% | 0.06x | 14.81x | $227.17K |
| 2003 | 12.74% | 22.87% | 0.04x | 15.77x | $915.97K |
| 2004 | 9.98% | 12.39% | 0.05x | 16.69x | $-5.61K |
| 2005 | 10.14% | 10.82% | 0.05x | 17.52x | $52.68K |
| 2006 | 9.67% | 8.98% | 0.06x | 17.29x | $-142.77K |
| 2007 | 9.01% | 7.91% | 0.06x | 17.69x | $-470.04K |
| 2008 | 3.66% | 4.60% | 0.05x | 14.68x | $-4.26 Million |
| 2009 | 2.36% | 2.99% | 0.06x | 14.09x | $-5.18 Million |
| 2010 | 2.42% | 3.65% | 0.05x | 12.28x | $-5.76 Million |
| 2011 | 2.22% | 3.95% | 0.05x | 11.45x | $-6.28 Million |
| 2012 | 4.28% | 7.62% | 0.03x | 19.58x | $-2.60 Million |
| 2013 | 4.86% | 10.15% | 0.04x | 10.89x | $-4.01 Million |
| 2014 | 6.65% | 16.30% | 0.04x | 9.44x | $-2.93 Million |
| 2015 | 6.72% | 17.52% | 0.04x | 8.79x | $-2.98 Million |
| 2016 | 8.33% | 17.03% | 0.04x | 11.43x | $-1.19 Million |
| 2017 | 7.60% | 15.94% | 0.04x | 11.15x | $-1.87 Million |
| 2018 | 8.95% | 17.53% | 0.05x | 11.33x | $-844.58K |
| 2019 | 8.49% | 17.28% | 0.05x | 10.50x | $-1.38 Million |
| 2020 | 6.30% | 14.86% | 0.04x | 10.47x | $-4.14 Million |
| 2021 | 11.06% | 26.31% | 0.04x | 11.26x | $1.22 Million |
| 2022 | 6.38% | 20.09% | 0.04x | 8.62x | $-5.80 Million |
| 2023 | 5.91% | 13.97% | 0.05x | 8.99x | $-7.05 Million |
| 2024 | 5.38% | 11.40% | 0.05x | 8.84x | $-8.43 Million |
Industry Comparison
This section compares Security Federal Corporation's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Security Federal Corporation (SFDL) | $194.79 Million | 10.76% | 7.28x | $48.91 Million |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |