Security Federal Corporation and Subsidiaries Consolidated Statements of Income (Unaudited) (USD $)	3 Months Ended		6 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Interest Income:
Interest Income - Loans	$ 5,979,342	$ 7,187,593	$ 12,065,533	$ 14,528,290
Interest Income - Mortgage-Backed Securities	1,642,163	1,949,193	3,406,875	4,066,724
Interest Income - Investment Securities	647,720	742,887	1,270,256	1,514,341
Other Interest Income	2,233	620	4,199	1,089
Total Interest Income	8,271,458	9,880,293	16,746,863	20,110,444
Interest Expense:
NOW And Money Market Accounts	291,387	462,249	582,972	909,129
Statement Savings Accounts	10,914	11,672	21,815	24,346
Certificate Accounts	944,296	1,299,700	1,977,401	2,740,303
FHLB Advances And Other Borrowed Money	1,066,410	1,306,670	2,199,710	2,575,726
Junior Convertible Debentures	28,378	58,259	56,689	116,106
Senior Subordinated Debentures	121,680	121,680	243,360	243,360
Total Interest Expense	2,463,065	3,260,230	5,081,947	6,608,970
Net Interest Income	5,808,393	6,620,063	11,664,916	13,501,474
Provision For Loan Losses	300,000	2,300,000	1,025,000	4,600,000
Net Interest Income After Provision For Loan Losses	5,508,393	4,320,063	10,639,916	8,901,474
Non-Interest Income:
Gain On Sale Of Investments	324,835	385,029	428,494	556,253
Gain On Sale Of Loans	177,524	122,414	310,476	229,684
Service Fees On Deposit Accounts	291,753	303,787	570,316	574,480
Income From Cash Value Of Life Insurance	105,000	105,000	210,000	210,000
Commissions From Insurance Agency	131,761	119,156	239,534	211,258
Trust Income	120,000	116,000	240,000	230,000
Mandatorily Redeemable Financial Instrument Valuation				50,000
Check Card Fee Income	196,943	190,401	401,803	392,793
Other Non-Interest Income	129,873	150,680	260,802	309,293
Total Non-Interest Income	1,477,689	1,492,467	2,661,425	2,763,761
General And Administrative Expenses:
Salaries And Employee Benefits	2,709,998	2,736,234	5,324,042	5,579,212
Occupancy	505,208	472,416	996,955	951,168
Advertising	97,221	115,613	179,165	201,293
Depreciation And Maintenance Of Equipment	412,000	442,648	816,594	855,273
FDIC Insurance Premiums	152,494	264,707	338,122	556,912
Amortization of Intangibles	12,501	12,501	25,002	35,021
Net cost of operation of other real estate owned	1,321,254	261,230	1,963,405	297,840
Other Expense	860,407	891,312	1,726,006	1,880,466
Total General And Administrative Expenses	6,071,083	5,196,661	11,369,291	10,357,185
Income Before Income Taxes	914,999	615,869	1,932,050	1,308,050
Provision For Income Taxes	245,209	197,416	531,532	428,550
Net Income	669,790	418,453	1,400,518	879,500
Preferred Stock Dividends	110,000	110,000	220,000	220,000
Net Income Available To Common Shareholders	$ 559,790	$ 308,453	$ 1,180,518	$ 659,500
Basic Net Income Per Common Share	$ 0.19	$ 0.11	$ 0.40	$ 0.22
Diluted Net Income Per Common Share	$ 0.19	$ 0.11	$ 0.40	$ 0.22
Cash Dividend Per Share On Common Stock	$ 0.08	$ 0.08	$ 0.16	$ 0.16
Basic Weighted Average Common Shares Outstanding	2,944,001	2,944,001	2,944,001	2,944,001
Diluted Weighted Average Common Shares Outstanding	2,944,001	2,944,001	2,944,001	2,944,001