Security Federal Bank

Overview / Commentary
238 Richland Avenue, Nw
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 740th largest bank in the nation. It was established in 1922 and as of December of 2023, it had grown to 253 employees at 19 locations. Security Federal Bank has a B+ health rating.

Reviews (1)

Wagener SC, Our Hometown Bank

Security Federal Savings Bank has been our business and personal bank for over 30 years, Wagener Branch has the best Manager who is courteous, professional, and goes the extra mile to get our banking business done promptly. Scott and his staff are friendly and care about their customers.
This is what makes Wagener a great hometown bank.


Health Grade Components

FDIC Certificate #31100
Year Established1922
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.69%
Return on Equity - YTD8.98%
Annual Interest Income$62.6MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$1.49B$1.32B
LoansQ4 2023vs Q4 2022$622.5MM$549.9MM
DepositsQ4 2023vs Q4 2022$1.22B$1.14B
Equity CapitalQ4 2023vs Q4 2022$116.3MM$101.9MM
Loan Loss AllowanceQ4 2023vs Q4 2022$12.6MM$11.2MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$6.8MM$6.3MM
Real Estate OwnedQ4 2023vs Q4 2022$938K$1.2MM

Rates for Security Federal Bank are currently being reviewed.



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