Security Federal's Q1 net income rises 19.6% to $3.1M, driven by higher interest and non-interest income.

Security Federal Corporation reported a 19.6% increase in net income to $3.1 million for Q1 2026, or $1.00 per share, compared to the same period last year. This growth was fueled by a 9.4% rise in net interest income and a 19.7% increase in non-interest income, despite higher credit loss provisions and expenses. The bank's asset quality remains stable with a slight decrease in non-performing assets. The company maintains strong capital ratios and continues to operate 19 branches across South Carolina and Georgia.