Security Federal Bank: Financial Reports & UBPR Data
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Data as of · sourced from FFIEC call reports. How we update
Security Federal Bank carries far more capital than most banks of its size. It reported $1.5 billion in assets at June 30, 2026, down 1.2% from a year earlier. It holds common equity equal to 19.98% of its risk-weighted assets, higher than about 9 in 10 of the 895 banks with $1 billion to $10 billion in assets (median 13.52%). It also lost 1.7% of its deposits over the year, lower than about 9 in 10 banks its size (median 5.1%).
Earnings jumped: net income for the quarter was $3.6 million, 52% above the same quarter a year earlier. Paper losses on its bond portfolio are shrinking: unrealized losses of $30 million equal 18% of Tier 1 capital, down from 23% a year earlier. Costs are the weak spot: it spends about 69 cents to bring in each dollar of revenue, higher than about three-quarters of banks its size (median 58 cents).
As of June 30, 2026, Security Federal Bank reported a CET1 capital ratio of 19.98%, a return on assets of 0.93%, a nonperforming-loan ratio of 0.85% and a Texas ratio of 4.06%, according to its call report filed with the FFIEC.
Headquarters Profile
- Address
- 238 Richland Ave W, Aiken, SC 29801
- County
- Aiken
- Metro Area
- Augusta-Richmond County, GA-SC
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Atlanta (Region 5)
- Federal Reserve member
- No
- Federal Reserve district
- District 5, Richmond
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 051
- Established
- January 1, 1922
- Former names
- Security Federal Savings Bank of South Carolina (1986-1996)
- Offices
- 19 domestic
- Employees (FTE)
- 253
- Domestic deposits
- $1.36B
- Allowance for credit losses
- $13.7M
- Net charge-offs (YTD)
- $194K
- Average total assets
- $1.57B
- Average total loans
- $686.4M
- Average interest-bearing deposits
- $1.10B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- August 9, 1989
- FDIC Cert
- 31100
- Fed RSSD
- 763677
- SEC CIK
- 818677 → filed by SECURITY FEDERAL CORPORATION
- Website
- www.securityfederalbank.com →
- Parent Holding Company
- SECURITY FEDERAL CORPORATION (RSSD 1253773) · SFDL
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| Chris J Verenes | CEO | Chief Executive Officer |
| Philip R. Wahl | PRES | President |
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Rows tagged YTD are fiscal year to date through June 30, 2026, as filed. Net income is tagged Q2 because it is that quarter's own figure, not a running total, so it cannot be compared with a YTD row. ROA, ROE and net interest margin are the quarter's own income, annualized. The UBPR and FDIC annualize the year to date instead, so after the first quarter their figures differ from ours; where the UBPR has this quarter, its value is shown beside each as YTD.
Quarterly trends
Last 12 quarters from this bank's own FFIEC call reports. Dollar figures are the quarter's own amount: the income statement is filed year to date, so those lines are shown net of the preceding quarter.
Balances at each quarter end. The gap between the two lines is equity capital.
Balances at each quarter end. Loans rising toward deposits is the loan-to-deposit ratio tightening.
Balances at each quarter end. Each line is its own balance, not stacked on the other.
Each bar is that quarter alone. The gap between the two is net interest income.
What the balance sheet earned on spread that quarter, before fees and operating costs.
Fees, trading and other income against salaries, premises and the rest of the cost base.
What the bank charged to earnings that quarter to build its allowance for expected losses.
Net income for the quarter alone. The Call Report reports it year to date; this series converts it to the single quarter, so each bar covers three months.
CET1 is common equity tier 1 as a share of risk-weighted assets; the leverage ratio is tier 1 capital as a share of average total assets. A bank that files the community bank leverage ratio reports no CET1 ratio, so only its leverage line appears.
Inside the full Security Federal Bank terminal
26 years of quarterly trends · 8 tabs · peer percentiles · Excel export
Unlock Security Federal Bank, freeSecurity Federal Bank rankings
How this bank ranks on each leaderboard. Click any rank to see the full ranked list.
Ranked among banks that report this metric, so the total differs from card to card. The CET1 ranking leaves out community bank leverage ratio filers, which report no CET1 ratio.
Quarterly trend: last 8 quarters
Quarter-over-quarter movement in the five most-watched ratios. Sourced from the bank's own FFIEC call report filings.
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 19.98% | 0.93% | 0.85% | 4.06% | 3.28% |
| Q1 2026 | 19.75% | 0.77% | 0.80% | 3.87% | 3.22% |
| Q4 2025 | 19.30% | 0.74% | 0.84% | 4.18% | 3.22% |
| Q3 2025 | 18.67% | 0.79% | 0.81% | 4.21% | 3.10% |
| Q2 2025 | 19.20% | 0.61% | 0.85% | 4.36% | 2.96% |
| Q1 2025 | 18.90% | 0.68% | 1.03% | 5.36% | 2.98% |
| Q4 2024 | 18.71% | 0.73% | 1.09% | 6.06% | 2.88% |
| Q3 2024 | 17.96% | 0.56% | 0.97% | 5.39% | 2.85% |
Swipe the table sideways to see every column.
Branch Network
Every branch from the FDIC Summary of Deposits, listed with the deposits booked at each location. The FDIC's office count above also includes administrative and limited-service offices, so the two totals can differ. View all 19 branches →
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Security Federal Bank (main office) | Aiken , SC | 29801 | $272.6M |
| 1705 Whiskey Rd Branch | Aiken , SC | 29803 | $170.0M |
| 313 Martintowne Rd Branch | North Augusta , SC | 29841 | $144.8M |
| Southside Branch | Aiken , SC | 29803 | $120.3M |
| Evans Branch | Evans , GA | 30809 | $67.5M |
| Graniteville Branch | Graniteville , SC | 29829 | $66.4M |
| Lexington Branch | Lexington , SC | 29072 | $65.6M |
| Wagener Branch | Wagener , SC | 29164 | $65.5M |
| Clearwater Branch | Clearwater , SC | 29842 | $51.8M |
| West Columbia Branch | West Columbia , SC | 29169 | $51.3M |
| Assembly Street Branch | Columbia , SC | 29201 | $44.5M |
| Riverwood Branch | Evans , GA | 30809 | $43.3M |
| Walton Way | Augusta , GA | 30904 | $42.7M |
| 1665 Richland Avenue Branch | Aiken , SC | 29801 | $41.5M |
| Langley Branch | Langley , SC | 29834 | $40.1M |
| Ridge Spring | Ridge Spring , SC | 29129 | $25.0M |
| Ballentine Office | Irmo , SC | 29063 | $22.6M |
| Broad Street Branch | Augusta , GA | 30901 | $14.4M |
| Spring Valley Branch | Columbia , SC | 29223 | $11.5M |
Regulatory record
What the public regulatory sources show for Security Federal Bank, each with its period and source. These are facts as filed or published, not a rating or score. "Not on file" means we hold no record from that source, which is not the same as a clean record.
- Enforcement actions
- None against the institution on file; 1 against individuals associated with it
- Period: Most recent action September 28, 2005. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.9% of deposits in SC, rank 20 of 75 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 351 applications, 244 loans originated, $74.2M originated, across 3 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 7 loans, $2.0M approved, $292K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Consumer complaints
- Not on file: no CFPB complaints matched
- Period: not on file. Source: CFPB consumer complaint database.
- CFPB enforcement
- Not on file: CFPB enforcement actions are not loaded
- Period: not on file. Source: CFPB enforcement actions.
- CRA examination rating
- Not on file: FFIEC CRA ratings are not loaded
- Period: not on file. Source: FFIEC CRA ratings.
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Frequently asked about Security Federal Bank
What are Security Federal Bank's total assets?
As of the Q2 2026 filing, Security Federal Bank reported total assets of $1.54 billion in its FFIEC call report. All figures come directly from the bank's quarterly Schedule RC filing.
Where is Security Federal Bank headquartered?
Security Federal Bank is headquartered in Aiken, SC, United States. It files quarterly FFIEC call reports, as every FDIC-insured commercial bank must.
When was Security Federal Bank founded?
Security Federal Bank was established in 1922, per the FDIC institution directory.
Is Security Federal Bank FDIC-insured?
Yes. Security Federal Bank is an FDIC-insured commercial bank (FDIC Certificate #31100). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Security Federal Bank?
Security Federal Bank's primary federal regulator is the FDIC. All FDIC-insured banks also report to the FDIC and, depending on charter, the Federal Reserve.
What is Security Federal Bank's CET1 capital ratio?
Security Federal Bank reported a Common Equity Tier 1 (CET1) capital ratio of 19.98% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Security Federal Bank operate?
Security Federal Bank operates 19 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Security Federal Bank's Texas Ratio?
Security Federal Bank's Texas Ratio is 4.06% in its Q2 2026 call report, within the healthy range (under 25%). The Texas Ratio measures non-performing assets against the bank's capital and reserves; the glossary entry for the Texas Ratio carries the full definition.
What was Security Federal Bank previously called?
The charter now named Security Federal Bank has also operated as Security Federal Savings Bank of South Carolina (1986-1996), per FDIC structure-change records.
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