Security Federal Bank
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Data as of · sourced from FFIEC call reports. How we update
Security Federal Bank is an FDIC-insured commercial bank headquartered in Aiken, SC, established in 1922 (FDIC certificate 31100), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $1.54B, down 1.2% from Q2 2025, the 9th largest of 43 banks headquartered in South Carolina. Its CET1 capital ratio was 19.98% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 31100
- Headquarters
- Aiken, SC
- Established
- 1922
- Total assets, Q2 2026
- $1.54B
- Assets vs Q2 2025
- -1.2%
- CET1 ratio, Q2 2026
- 19.98%
- Domestic offices
- 19 FDIC institution directory, current count
- Routing number
- 253271822
- Latest call report
- Q2 2026, FFIEC 051 · Security Federal Bank call report
- Holding company
- SECURITY FEDERAL CORPORATION
- Asset rank in state
- 9th of 43 in South Carolina
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%. The figures come from its call report filed with the FFIEC.
Security Federal Bank ranks as the 9th largest of the 43 banks based in South Carolina, by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets fell 1.4% to $1.54B, loans rose 1.5% and deposits fell 1.2%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 31.8% of total loans, followed by owner-occupied commercial real estate loans at 21.4%. The FDIC Summary of Deposits lists 19 offices for it, in 13 cities across 2 states; its Aiken 4 offices book 44% of its branch deposits. Judged on its Q2 2026 call report, Security Federal Bank meets every capital ratio test for well capitalized.
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)
- Domestic offices
- 19 FDIC institution directory, current count
- 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
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Security Federal Bank's total assets ran between $1.41B (Q3 2023) and $1.56B (Q1 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$1.54B total assets against $1.56B; $1.39B total liabilities against $1.42B.
$677.7M net loans and leases against $687.7M; $1.36B total deposits against $1.39B.
$699.6M securities against $670.9M; $73.2M cash and balances due against $113.7M.
$18.3M total interest income against $18.8M; $6.3M total interest expense against $7.9M.
$12.0M net interest income against $10.9M.
$2.9M total noninterest income against $1.8M; $10.3M total noninterest expense against $9.7M.
$240K provision for credit losses against $0.
$3.6M net income against $2.4M.
0.93% return on assets against 0.61%; 3.28% net interest margin against 2.96%.
19.98% CET1 capital ratio against 19.20%; 10.83% tier 1 leverage ratio against 10.54%.
Inside the full Security Federal Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeSecurity Federal Bank rankings
Its closest position to the top of a national ranking is 339 of 2,134, for CET1 ratio; its furthest is 727 of 980, for uninsured deposits.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.56% (Q3 2024) to 0.93% (Q2 2026) and its net interest margin ran from 2.85% (Q3 2024) to 3.28% (Q2 2026).
| 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
View all 19 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| 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
Facts as filed or published, not a rating.
- 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 73 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).
- Not on file
- Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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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.
Where is Security Federal Bank headquartered?
It is headquartered in Aiken, SC, United States.
When was Security Federal Bank founded?
It was established in 1922, per the FDIC institution directory.
Is Security Federal Bank FDIC-insured?
Yes. It 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.
What is Security Federal Bank's CET1 capital ratio?
It 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?
It 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?
Its Texas Ratio is 4.06% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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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