Overview / Commentary
Security Federal Bank is headquartered in AIKEN and is the 8th largest bank in the state of South Carolina. It is also the 739th largest bank in the nation. It was established in 1922 and as of June of 2024, it had grown to 255 employees at 19 locations. Security Federal Bank has an A health rating.
Reviews (1)
Wagener SC, Our Hometown Bank
Posted by: Mildred1954 | Sep 5, 2023
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
A
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 31100 |
| Year Established | 1922 |
| Employees | 255 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.48% |
| Return on Equity - YTD | 6% |
| Annual Interest Income | $36.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $1.48B$1.41B |
| Loans | Q2 2024vs Q2 2023 | $655.2MM$589.7MM |
| Deposits | Q2 2024vs Q2 2023 | $1.26B$1.21B |
| Equity Capital | Q2 2024vs Q2 2023 | $121.1MM$105.5MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $13MM$12.3MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $7.1MM$6.6MM |
| Real Estate Owned | Q2 2024vs Q2 2023 | $938K$1.2MM |
