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866-851-3000
100 Laurens St Sw
Aiken, SC 29801

Security Federal Bank is headquartered in Aiken and is the 8th largest bank in the state of South Carolina. It is also the 799th largest bank in the nation. It was established in 1922 and as of March of 2014, it had grown to 196 employees at 13 locations. Security Federal Bank has a B health rating.

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Health

Data for Q1 2014

Institution Health

B

Texas Ratio

GRADE:
B

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Security Federal Bank had $15.34 million in non-current loans and owned real-estate with $97.45 million in equity and loan loss allowances on hand to cover it. This gives Security Federal Bank a Texas Ratio of 15.74% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Security Federal Bank decreased slightly from 21.20% as of March 31, 2013 to 15.74% as of March 31, 2014, resulting in a positive change of 25.76%.This indicates that the balance sheet and financial strength for Security Federal Bank has improved slightly in recent periods.

Deposit Growth

GRADE:
C

In the past year, Security Federal Bank has decreased its total deposits by -$7.04 million, resulting in -1.04% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Security Federal Bank has shown is average.

Capitalization

GRADE:
A

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Security Federal Bank has $848.52 million in assets with $97.45 million in equity, resulting in a capitalization level of 11.48%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #31100
Year Established1922
Employees196
Primary RegulatorFDIC
Assets and Liabilities
Assets$848.52 million
Loans$354.98 million
Deposits$671.63 million
Equity Capital$87.60 million
Loan Loss Allowance$9.85 million
Unbacked Noncurrent Loans$10.81 million
Real Estate Owned$4.52 million
Historic Data - March 2013
Assets$875.47 million
Equity Capital$89.13 million
Loan Loss Allowance$11.11 million
Unbacked Noncurrent Loans$10.81 million
Real Estate Owned$6.49 million
Profit Margin - Quarterly
Net Interest Margin2.83%
Return on Assets0.66%
Return on Equity6.46%
Interest Income$7.03 million
Rates
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Security Federal Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$50k-Money Market

Security Federal Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.15%$25k-High Yield Checking

Security Federal Bank CD Rates

DetailsAPYMINMAXPRODUCT
0.60%$500-60 Month CD
0.50%$500-48 Month CD
0.45%$500-36 Month CD
0.40%$500-30 Month CD
0.35%$500-24 Month CD
0.30%$500-18 Months CD
0.25%$500-15 Month CD
0.20%$500-12 Month CD
0.15%$500-9 Month CD
0.15%$500-11 Month CD
0.10%$500-6 Month CD
0.05%$500-3 Month CD

Security Federal Bank IRA Rates

DetailsAPYMINMAXPRODUCT
0.60%$500-60 Month Fixed Rate IRA
0.50%$500-48 Month Fixed Rate IRA
0.45%$500-36 Month Fixed Rate IRA
0.40%$500-30 Month Fixed Rate IRA
0.35%$500-24 Month Fixed Rate IRA
0.30%$500-18 Month Fixed Rate IRA
0.25%$500-15 Month Fixed Rate IRA
0.20%$500-12 Month Fixed Rate IRA
0.15%$500-9 Month Fixed Rate IRA
0.15%$500-11 Month Fixed Rate IRA
0.10%$500-6 Month Fixed Rate IRA
0.05%$500-3 Month Fixed Rate IRA
Locations

Security Federal Bank has 13 locations. Click to view all Security Federal Bank locations.