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Overview / Commentary
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 804th largest bank in the nation. It was established in 1922 and as of June of 2014, it had grown to 196 employees at 13 locations. Security Federal Bank has a B health rating.

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Data for Q2 2014

Institution Health


Texas Ratio


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 June 30, 2014 Security Federal Bank had $19.48 million in non-current loans and owned real-estate with $100.38 million in equity and loan loss allowances on hand to cover it. This gives Security Federal Bank a Texas Ratio of 19.41% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Security Federal Bank experienced no significant changes from 17.55% as of June 30, 2013 to 19.41% as of June 30, 2014, resulting in a negative change of 10.56%. This indicates that the balance sheet and financial strength for Security Federal Bank has had no significant changes in recent periods.

Deposit Growth


In the past year, Security Federal Bank has decreased its total deposits by -$12.15 million, resulting in -1.8% 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.



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 $844.03 million in assets with $100.38 million in equity, resulting in a capitalization level of 11.89%, which is excellent.

Institution Statistics

FDIC Certificate #31100
Year Established1922
Primary RegulatorFDIC
Assets and Liabilities
Assets$844.03 million
Loans$346.61 million
Deposits$663.21 million
Equity Capital$91.27 million
Loan Loss Allowance$9.11 million
Unbacked Noncurrent Loans$15.35 million
Real Estate Owned$4.13 million
Historic Data - June 2013
Assets$867.10 million
Equity Capital$85.76 million
Loan Loss Allowance$11.01 million
Unbacked Noncurrent Loans$15.35 million
Real Estate Owned$4.78 million
Profit Margin - Quarterly
Return on Assets0.7%
Return on Equity6.74%
Interest Income$14.47 million
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Security Federal Bank Money Market Rates

0.20%$50k-Money Market

Security Federal Bank Checking Account Rates

0.15%$25k-High Yield Checking

Security Federal Bank CD Rates

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

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

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