Security Federal (Security Federal) Total Assets : $1,549.67 Mil (As of Dec. 2023)

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What is Security Federal Total Assets?

Security Federal's Total Assets for the quarter that ended in Dec. 2023 was $1,549.67 Mil.

Warning Sign:

If a company builds assets at 12% a year, faster than its revenue growth rate of 6.4% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Security Federal's average Total Assets Growth Rate was 10.00% per year. During the past 3 years, the average Total Assets Growth Rate was 16.00% per year. During the past 5 years, the average Total Assets Growth Rate was 12.00% per year. During the past 10 years, the average Total Assets Growth Rate was 8.00% per year.

During the past 13 years, Security Federal's highest 3-Year average Total Assets Growth Rate was 16.00%. The lowest was -25.50%. And the median was 6.95%.

Total Assets is connected with ROA %. Security Federal's annualized ROA % for the quarter that ended in Dec. 2023 was 0.96%. Total Assets is also linked to Revenue through Asset Turnover. Security Federal's Asset Turnover for the quarter that ended in Dec. 2023 was 0.01.

Security Federal Total Assets Historical Data

The historical data trend for Security Federal's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Security Federal Total Assets Chart

Security Federal Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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963.23

1,171.71

1,301.21

1,381.37

1,549.67

Security Federal Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															1,381.37	1,406.09	1,472.24	1,477.33	1,549.67

Security Federal Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Security Federal's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	172.362	+	1377.309
	=	1,549.67

Security Federal's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	172.362	+	1377.309
	=	1,549.67

Security Federal (OTCPK:SFDL) Total Assets Explanation

Total Assets is connected with ROA %.

Security Federal's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	14.464	/	( (1477.33	+	1549.671)	/ 2 )
	=	14.464	/	1513.5005
	=	0.96 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Security Federal's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	12.808	/	( (1477.33	+	1549.671)	/ 2 )
=	12.808	/	1513.5005
=	0.01

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Security Federal Total Assets Related Terms

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Security Federal (Security Federal) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Security Federal Corp (OTCPK:SFDL) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 810, Aiken, SC, USA, 29802

Website

https://www.securityfederalbank.com

Security Federal Corp and its subsidiaries are involved in the business of providing commercial and personal banking services as well as auto, business, home, and health insurance. The primary business of the company is to accept deposits from the general public and originate 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. It also originates construction loans and loans for the acquisition, development, and construction of residential subdivisions and commercial projects. The bank also operates Security federal trust and investments that offer trust, financial planning, and financial management services.

Executives

J Chris Verens	director, officer: President	P O BOX 810, AIKEN SC 29802
Nathan Crowe	officer: Chief Accounting Officer	238 RICHLAND AVENUE NORTHWEST, AIKEN SC 29801
Darrell R Rains	officer: Chief Financial Officer	P.O. BOX 15367, AUGUSTA GA 30909
Philip R. Wahl	director	238 RICHLAND AVENUE NW, AIKEN SC 29801
Toole Frampton W. Iii	director	238 RICHLAND AVENUE NW, AIKEN SC 29801
Robert E Alexander	director	P O BOX 810, AIKEN SC 29802
Richard T Harmon	director, officer: Exec. VP and CLO of the Bank	238 RICHLAND AVENUE WEST, AIKEN SC 29801
Toole Gasper L Iii	director, officer: VP	P O BOX 810, AIKEN SC 29802
Jessica T Cummins	officer: Chief Financial Officer	238 RICHLAND AVENUE WEST, AIKEN SC 29801
Thomas Lucius Moore	director	P O BOX 810, AIKEN SC 29802
Thomas Francis M Jr	officer: Senior VP	P O BOX 810, AIKEN SC 29802
William Clyburn	director	P O BOX 810, AIKEN SC 29802
Roy G Lindburg	officer: Treasurer/CFO	P O BOX 810, AIKEN SC 29802
Frank M Thomas	director	PO BOX 810, AIKEN SC 29802
William Barry Adams	director, officer: Exec. VP-Security Federal Bank	P.O. BOX 810, AIKEN SC 29802