SECURITY FEDERAL CORP Annual Income Tax Expense (Benefit) in USD from 2011 to 2023

Taxonomy & unit
us-gaap: USD
Description
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.
Summary
Security Federal Corp quarterly/annual Income Tax Expense (Benefit) history and growth rate from 2011 to 2023.
  • Security Federal Corp Income Tax Expense (Benefit) for the quarter ending June 30, 2024 was $565K, a 21% increase year-over-year.
  • Security Federal Corp Income Tax Expense (Benefit) for the twelve months ending June 30, 2024 was $2.23M, a 24.8% decline year-over-year.
  • Security Federal Corp annual Income Tax Expense (Benefit) for 2023 was $2.29M, a 15.5% decline from 2022.
  • Security Federal Corp annual Income Tax Expense (Benefit) for 2022 was $2.71M, a 22.8% decline from 2021.
  • Security Federal Corp annual Income Tax Expense (Benefit) for 2021 was $3.51M, a 123% increase from 2020.
Income Tax Expense (Benefit), Trailing 12 Months (USD)
Income Tax Expense (Benefit), Annual (USD)
Income Tax Expense (Benefit), YoY Annual Growth (%)
Period Value YoY Chg Change % Start Date End Date Report Filed
2023 $2.29M -$421K -15.5% Jan 1, 2023 Dec 31, 2023 10-K 2024-03-21
2022 $2.71M -$800K -22.8% Jan 1, 2022 Dec 31, 2022 10-K 2024-03-21
2021 $3.51M +$1.93M +123% Jan 1, 2021 Dec 31, 2021 10-K 2023-03-24
2020 $1.58M -$103K -6.11% Jan 1, 2020 Dec 31, 2020 10-K 2022-03-29
2019 $1.68M +$110K +7.01% Jan 1, 2019 Dec 31, 2019 10-K 2022-03-29
2018 $1.57M -$260K -14.2% Jan 1, 2018 Dec 31, 2018 10-K 2021-03-29
2017 $1.83M -$91.2K -4.75% Jan 1, 2017 Dec 31, 2017 10-K 2020-03-20
2016 $1.92M -$147K -7.09% Jan 1, 2016 Dec 31, 2016 10-K 2019-03-22
2015 $2.07M -$236K -10.3% Jan 1, 2015 Dec 31, 2015 10-K 2018-03-20
2014 $2.3M +$963K +71.8% Jan 1, 2014 Dec 31, 2014 10-K 2017-03-20
2013 $1.34M +$389K +40.9% Jan 1, 2013 Dec 31, 2013 10-K 2016-03-21
2012 $951K -$960K -50.2% Jan 1, 2012 Dec 31, 2012 10-K/A 2015-05-06
2011 $1.91M Apr 1, 2011 Mar 31, 2012 10-K 2014-03-25
* An asterisk sign (*) next to the value indicates that the value is likely invalid.