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SFDL Security Federal

Security Federal Corp. operates as a holding company. It operates through its subsidiary Security Federal Bank which engages in accepting deposits from the general public and originating commercial real estate loans, commercial business loans, consumer loans, as well as mortgage loans to buy or refinance one-to-four family residential real estate. The company was founded in July 1987 and is headquartered in Aiken, SC.

Company profile

Ticker
SFDL
Exchange
CEO
J. Chris Verenes
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
SECURITY FEDERAL CORPORATION
SEC CIK
IRS number
570858504

SFDL stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

14 May 21
2 Aug 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 19.1M 19.1M 19.1M 19.1M 19.1M 19.1M
Cash burn (monthly) (positive/no burn) (positive/no burn) (positive/no burn) 1.9M (positive/no burn) (positive/no burn)
Cash used (since last report) n/a n/a n/a 7.79M n/a n/a
Cash remaining n/a n/a n/a 11.31M n/a n/a
Runway (months of cash) n/a n/a n/a 5.9 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
20 Aug 20 Verenes Chris J Common Stock, par value $0.01 per share By will or laws of descent Aquire W No No 0 1,250 0 35,526
26 Feb 20 Hurt Margaret A Common Stock, par value $0.01 per share Other Aquire J No No 30.16 55 1.66K 5,648
26 Feb 20 Hurt Margaret A Common Stock, par value $0.01 per share Conversion Aquire C No No 20 500 10K 5,593
26 Feb 20 Hurt Margaret A 8% Convertible Senior Debenture Common Stock Conversion Dispose C No No 20 500 10K 0
21 Feb 20 Toole Frampton W. III Common Stock, par value $0.01 per share Conversion Aquire C No No 20 12,500 250K 153,650
21 Feb 20 Toole Frampton W. III 8% Convertible Senior Debentures Common Stock Conversion Dispose C No No 20 12,500 250K 0
17 Feb 20 Robert E Alexander Common Stock, par value 0.01 per share Conversion Aquire C Yes No 20 500 10K 3,000
17 Feb 20 Robert E Alexander Common Stock, par value 0.01 per share Conversion Aquire C Yes No 20 1,250 25K 4,350
17 Feb 20 Robert E Alexander 8% Convertible Senior Debentures Common Stock Conversion Dispose C Yes No 20 500 10K 0
17 Feb 20 Robert E Alexander 8% Convertible Senior Debentures Common Stock Conversion Dispose C Yes No 20 1,250 25K 0

Financial report summary

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Risks
  • Our business may be adversely affected by downturns in the national economy and in the economies in our market areas.
  • Our allowance for loan losses may prove to be insufficient to absorb losses in our loan portfolio.
  • If our non-performing assets increase, our earnings will be adversely affected.
  • Our level of commercial and multifamily real estate loans may expose us to increased lending risks.
  • Our construction and land loans are based upon estimates of costs and the value of the completed project.
  • The level of our commercial real estate loan portfolio may subject us to additional regulatory scrutiny.
  • Declines in property values have increased loan-to-value ratios on a significant portion of our one- to four-family loans and home equity lines of credit, which exposes us to greater risk of loss.
  • Loans originated under the SBA Paycheck Protection Program subject us to credit, forgiveness and guarantee risk.
  • Our real estate lending also exposes us to the risk of environmental liabilities.
  • If our investments in real estate are not properly valued or sufficiently reserved to cover actual losses, or if we are required to increase our valuation reserves, our earnings could be reduced.
  • We may incur losses on our securities portfolio as a result of changes in interest rates.
  • Changes in interest rates may reduce our net interest income, and may result in higher defaults in a rising rate environment.
  • An increase in interest rates, change in the programs offered by governmental sponsored entities ("GSE"), or our ability to qualify for such programs may reduce our mortgage revenues, which would negatively impact our non-interest income.
  • New or changing tax, accounting, and regulatory rules and interpretations could significantly impact strategic initiatives, results of operations, cash flows, and financial condition.
  • Non-compliance with the USA PATRIOT Act, Bank Secrecy Act, or other laws and regulations could result in fines or sanctions.
  • Our growth or future losses may require us to raise additional capital in the future, but that capital may not be available when it is needed, or the cost of that capital may be very high.
  • Our business may be adversely affected by an increasing prevalence of fraud and other financial crimes.
  • We are subject to certain risks in connection with our data management or aggregation.
  • We are dependent on key personnel and the loss of one or more of those key personnel may materially and adversely affect our prospects.
  • Liquidity risk could impair our ability to fund operations and jeopardize our financial condition, growth and prospects.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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