Security Federal Bank

Security Federal Bank is headquartered in Aiken and is the 7^th largest bank in the state of South Carolina. It is also the 716^st largest bank in the nation. It was established in 1922 and as of March of 2012, it had grown to 208 employees at 13 locations. Security Federal Bank has a 3-star health rating.

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Data for Q1 2012

Institution Statistics Security Federal Bank OTS # 06380 FDIC Certificate # 31100 BankRate Report View Year Established 1922 Employees 208 Primary Regulator FDIC Assets and Liabilities Assets $924.40 million Loans $428.51 million Deposits $702.02 million Equity Capital $86.41 million Loan Loss Allowance $14.62 million Unbacked Noncurrent Loans $22.66 million Real Estate Owned $14.16 million Historic Data - March 2011 Assets $931.51 million Equity Capital $81.41 million Loan Loss Allowance $11.68 million Unbacked Noncurrent Loans $12.08 million Real Estate Owned $14.34 million Profit Margin - Quarterly Net Interest Margin 2.86% Return on Assets 0.23% Return on Equity 2.43% Interest Income $8.75 million

Institution Health Overall Score: 3 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Security Federal Bank had $36.82 million in non-current loans and owned real-estate with $101.02 million in equity and loan loss allowances on hand to cover it. This gives Security Federal Bank a Texas Ratio of 36.45% which is below 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 increased slightly from 28.38% as of March 31, 2011 to 36.45% as of March 31, 2012, resulting in a negative change of 28.43%. This indicates that the balance sheet and financial strength for Security Federal Bank has declined slightly in recent periods. Deposit Growth In the past year, Security Federal Bank has increased its total deposits by $5.74 million, resulting in 0.82% 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 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 $924.4 million in assets with $101.02 million in equity, resulting in a capitalization level of 10.93%, which is above average.

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