Security Federal Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2011. For the quarter, the company has posted total interest income of $9,467,000 against $10,559,000 a year ago. Net interest income was $6,493,000 against $6,678,000 a year ago. Income before income tax was $1,721,000 against $684,000 a year ago. Net income was $486,000 against $454,000 a year ago. Net income available to common shareholders was $376,000 or $0.13 per basic share against net income of $344,000 or $0.12 per basic share a year ago. For the nine months, the company has posted total interest income of $29,577,000 against $32,941,000 a year ago. Net interest income was $19,994,000 against $20,311,000 a year ago. Income before income tax was $3,029,000 against $2,302,000 a year ago. Net income was $1,365,000 against $1,452,000 a year ago. Net income available to common shareholders was $1,035,000 or $0.35 per basic share against net income of $877,000 or $0.34 per basic share a year ago. The increases in earnings for the three and the nine month periods are primarily a result of an increase in other income and a decrease in other expenses. These factors were offset slightly by a decrease in net interest income. Book value per share was $19.76 as on December 31, 2011 against $18.21 as on March 31, 2011.