Security Federal (Security Federal) Scaled Net Operating Assets : -0.26 (As of Mar. 2024)

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What is Security Federal Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Security Federal's operating assets for the quarter that ended in Mar. 2024 was $890.62 Mil. Security Federal's operating liabilities for the quarter that ended in Mar. 2024 was $1,291.14 Mil. Security Federal's Total Assets for the quarter that ended in Dec. 2023 was $1,549.67 Mil. Therefore, Security Federal's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -0.26.

Security Federal Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Security Federal's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(1419.037	-	1325.032)	/	1381.366
=	0.07

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1549.671	-	130.634
=	1419.037

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1377.309	-	52.277	-	0
=	1325.032

Security Federal's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Mar. 2024 )
=	(Operating Assets (Q: Mar. 2024 )	-	Operating Liabilities (Q: Mar. 2024 ))	/	Total Assets (Q: Dec. 2023 )
=	(890.62	-	1291.139)	/	1549.671
=	-0.26

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1518.214	-	627.594
=	890.62

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1343.645	-	52.506	-	0
=	1291.139

* 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 (Security Federal) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Security Federal Corp (OTCPK:SFDL) » Definitions » Scaled Net Operating 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