SECURITY FEDERAL CORP Annual Interest Expense in USD from 2009 to 2023

Taxonomy & unit
us-gaap: USD
Description
Amount of the cost of borrowed funds accounted for as interest expense.
Summary
Security Federal Corp quarterly/annual Interest Expense history and growth rate from 2009 to 2023.
  • Security Federal Corp Interest Expense for the quarter ending March 31, 2024 was $8.74M, a 120% increase year-over-year.
  • Security Federal Corp Interest Expense for the twelve months ending March 31, 2024 was $30.5M, a 271% increase year-over-year.
  • Security Federal Corp annual Interest Expense for 2023 was $25.7M, a 412% increase from 2022.
  • Security Federal Corp annual Interest Expense for 2022 was $5.03M, a 31.5% increase from 2021.
  • Security Federal Corp annual Interest Expense for 2021 was $3.82M, a 41.9% decline from 2020.
Interest Expense, Trailing 12 Months (USD)
Interest Expense, Annual (USD)
Interest Expense, YoY Annual Growth (%)
Period Value YoY Chg Change % Start Date End Date Report Filed
2023 $25.7M +$20.7M +412% Jan 1, 2023 Dec 31, 2023 10-K 2024-03-21
2022 $5.03M +$1.2M +31.5% Jan 1, 2022 Dec 31, 2022 10-K 2024-03-21
2021 $3.82M -$2.76M -41.9% Jan 1, 2021 Dec 31, 2021 10-K 2023-03-24
2020 $6.58M -$1.73M -20.8% Jan 1, 2020 Dec 31, 2020 10-K 2022-03-29
2019 $8.31M +$2.86M +52.5% Jan 1, 2019 Dec 31, 2019 10-K 2022-03-29
2018 $5.45M +$1.27M +30.5% Jan 1, 2018 Dec 31, 2018 10-K 2021-03-29
2017 $4.18M +$660K +18.8% Jan 1, 2017 Dec 31, 2017 10-K 2020-03-20
2016 $3.52M -$683K -16.3% Jan 1, 2016 Dec 31, 2016 10-K 2019-03-22
2015 $4.2M -$1.61M -27.8% Jan 1, 2015 Dec 31, 2015 10-K 2018-03-20
2014 $5.81M -$1.72M -22.8% Jan 1, 2014 Dec 31, 2014 10-K 2017-03-20
2013 $7.53M -$2.74M -26.7% Jan 1, 2013 Dec 31, 2013 10-K 2016-03-21
2012 $10.3M -$2.12M -17.1% Jan 1, 2012 Dec 31, 2012 10-K/A 2015-05-06
2011 $12.4M -$3.7M -23% Apr 1, 2011 Mar 31, 2012 10-K 2014-03-25
2010 $16.1M -$4.04M -20.1% Apr 1, 2010 Mar 31, 2011 10-KT 2013-03-25
2009 $20.1M Apr 1, 2009 Mar 31, 2010 10-K 2012-06-25
* An asterisk sign (*) next to the value indicates that the value is likely invalid.