Security Federal Corporation, the holding company for Security Federal Bank, announces its earnings for the quarter. Notably, for the six months ending on June 30, 2018, net income increased by 14.3 percent to $3.6 million or $1.20 per share, compared to $3.1 million or $1.06 per share for the same period in 2017. The increase in earnings was primarily due to increases in net interest income and non-interest income combined with a decrease in the provision for income tax expense.