Security Federal Corp. announced unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company announced total interest income of $8,044,000 compared to $9,467,000 for the same period a year ago. Net interest income was $5,666,000 compared to $6,493,000 for the same period a year ago. Income before income taxes was $726,000 compared to $1,721,000 for the same period a year ago. Net income was $554,000 compared to $486,000 for the same period a year ago. Net income available to common shareholders was $444,000 compared to $376,000 for the same period a year ago. Earnings per common share, basic were $0.15 compared to $0.13 for the same period a year ago.

For the nine months, the company announced total interest income of $24,791,000 compared to $29,577,000 for the same period a year ago. Net interest income was $17,331,000 compared to $19,994,000 for the same period a year ago. Income before income taxes was $2,659,000 compared to $3,029,000 for the same period a year ago. Net income was $1,955,000 compared to $1,365,000 for the same period a year ago. Net income available to common shareholders was $1,625,000 compared to $1,035,000 for the same period a year ago. Earnings per common share, basic were $0.55 compared to $0.35 for the same period a year ago. Book value per share was $20.45. The increases in net income in both periods were primarily the result of a decrease in the provisions for loan losses and income taxes offset slightly by a decrease in net interest income.