Security Federal Bank is headquartered in AIKEN and is the 9th 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 March of 2025, it had grown to 240 employees at 19 locations. Security Federal Bank's money market rates are 7X the national average, and it has an A health rating.
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.
Overall | |
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FDIC Certificate # | 31100 |
Year Established | 1922 |
Employees | 240 |
Primary Regulator | FDIC |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.68% |
Return on Equity - YTD | 7.87% |
Annual Interest Income | $18.5MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q1 2025vs Q1 2024 | $1.52B$1.46B |
Loans | Q1 2025vs Q1 2024 | $689.9MM$646MM |
Deposits | Q1 2025vs Q1 2024 | $1.35B$1.23B |
Equity Capital | Q1 2025vs Q1 2024 | $136MM$118.8MM |
Loan Loss Allowance | Q1 2025vs Q1 2024 | $14MM$12.8MM |
Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $7.3MM$6.6MM |
Real Estate Owned | Q1 2025vs Q1 2024 | $702K$938K |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
3.05%* | $100k* | - | Money Market | ||
OTHER TIERS: 0.50% → $0 - $10k | 1.15% → $10k - $50k | 2.05% → $50k - $100k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
1.25%* | $0 | $10k | High Yield Checking | ||
OTHER TIERS: 0.25% → $10k+ | |||||
1.25%* | $0 | $10k | Premium Checking | ||
OTHER TIERS: 0.25% → $10k+ |