Security Federal Bank in Aiken, South Carolina (SC), GA
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Security Federal Bank in Aiken, South Carolina (SC), GA
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Security Federal Bank - Overview

  • General
  • FDIC Certificate #: 31100
    Status: Active
    Federal Reserve ID: 763677
    Bank Holding Company (Regulatory Top Holder): Security Federal Corporation (RSSDID: 1253773, Location: Aiken, SC)
    Date Established: January 01, 1922
    WWW: http://www.securityfederalbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 13 (Domestic: 13, Interstate: Yes)
    OTS Docket #: 6380
    FDIC's unique #: 43934
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: September 14, 1959
    Last Structure Change Effective Date: December 28, 2011
    Last Structure Change Process Date: January 04, 2012
    Last Data Update: January 04, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 100 Laurens St Sw, Aiken, SC 29801
    County: Aiken
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Columbia Sc
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Augusta-Aiken, GA-SC (#600)
    Core Based Statistical Area (CBSA): Augusta-Richmond County, GA-SC (#12260)
    CBSA Metro Statistical Area: Augusta-Richmond County, GA-SC (#12260)
  • History of Changes
  • Change in Primary Regulatory Agency
    Change in Entity Type
    Change in Supervisory Agency
  • Financial Summary
  • Total assets: $916.4 mil
    Equity capital: $85.8 mil
    Deposits held in domestic offices: $695.8 mil
    Return on assets (ROA): 0.20% ($1.8 mil)
    Quarterly return on assets: 0.24% ($2.2 mil)
    Return on Equity (ROE): 2.24% ($1.9 mil)
    Quarterly return on equity: 2.60% ($2.2 mil)
    Net income: $1.9 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 0.42% ($3,848.7 mil)
    Quarterly Pretax return on assets: 0.80% ($7,330.8 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 211Total employees (full-time equivalent)
  • $916,356Total assets
  • $9,524Cash and due from depository institutions
  • $1,830Interest-bearing balances
  • $398,177Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $445,799Net loans & leases
  • $14,261Loan loss allowance
  • $0Trading account assets
  • $19,094Bank premises and fixed assets
  • $13,625Other real estate owned
  • $1,312Goodwill and other intangibles
  • $916,356Life insurance assets
  • $28,825All other assets
  • $830,580Total liabilities and capital
  • $695,767Total liabilities
  • $652,012Total deposits
  • $695,767Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 9795.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $120,574Trading liabilities
  • $0Other borrowed funds
  • $4,444Subordinated debt
  • $85,776All other liabilities
  • $85,775Total equity capital
  • $85,775Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $27,249Surplus
  • $58,525Undivided profits
  • Memoranda
  • $1Noncurrent loans and leases
  • $5,631Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $20,033Income earned, not collected on loans
  • $0Earning assets
  • $3,848Long-term assets (5+ years)
  • $845,806Average Assets, year-to-date
  • $268,326Average Assets, quarterly
  • $923,640Volatile liabilities
  • $916,788Insider loans
  • $464,085FHLB advances
  • $906,907Loans and leases held for sale
  • $10,730Unused loan commitments
  • $7,405Tier 1 (core) risk-based capital
  • $78,019Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,325Total unused commitments
  • $42,039Restructured Loans and leases
  • $316Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $39,266Total interest income
  • $12,387Total interest expense
  • $26,879Net interest income
  • $8,550Provision for loan and lease losses
  • $3,600Total noninterest income
  • $481Fiduciary activities
  • $1,205Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,914Additional noninterest income
  • $20,154Total noninterest expense
  • $11,037Salaries and employee benefits
  • $3,671Premises and equipment expense
  • $5,446Additional noninterest expense
  • $1,775Pre-tax net operating income
  • $2,098Securities gains (losses)
  • $1,995Applicable income taxes
  • $1,878Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,878Net income attributable to bank
  • $0Net charge-offs
  • $1,878Cash dividends
  • $6,698Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.62%Yield on earning assets
  • 1.46%Cost of funding earning assets
  • 3.16%Net interest margin
  • 0.42%Noninterest income to earning assets
  • 2.37%Noninterest expense to earning assets
  • 0.06%Net operating income to assets
  • 0.20%Return on assets (ROA)
  • 0.42%Pretax return on assets
  • 2.24%Return on equity (ROE)
  • 2.24%Retained earnings to average equity (YTD only)
  • 1.38%Net charge-offs to loans
  • 127.65%Credit loss provision to net charge-offs
  • 1.54%Efficiency ratio
  • 65,895Assets per employee
  • 4.34%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.10%Loss allowance to noncurrent loans
  • 71.19%Noncurrent assets plus other real estate owned to assets
  • 3.67%Noncurrent loans to loans
  • 4.35%Net loans and leases to deposits
  • 64.07%Net loans and leases to core deposits
  • 74.28%Equity capital to assets
  • 9.36%Core capital (leverage) ratio
  • 8.60%Tier 1 risk-based capital ratio
  • 16.81%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $923,640Average earning assets
  • $83,940Average equity
  • $850,343Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $58,855Managed Assets
  • 1Number of Accounts
  • $58,749Personal trust and agency accounts
  • $18,733Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $6,716Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $32,703Other fiduciary accounts
  • $597Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 122Number of Accounts
  • $0Personal trust and agency accounts
  • $6,716Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $106Other retirement accounts
  • $106Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 1 Georgia Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    109470079Evans Branch7004 Evans Town Center Blvd., Evans, GA 30809December 26, 2007Full Service Brick and Mortar
  • 12 South Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    043934Security Federal Bank100 Laurens St Sw, Aiken, SC 29801January 01, 1922Full Service Brick and Mortar
    1283493313 Martintowne Rd Branch313 E. Martintown Rd., North Augusta, SC 29841January 01, 1922Full Service Brick and Mortar
    1012834951665 Richland Avenue Branch1665 Richland Avenue, Aiken, SC 29801January 01, 1922Full Service Brick and Mortar
    102219249Graniteville Branch50 Canal Street, Graniteville, SC 29829May 23, 1964Full Service Brick and Mortar
    103219252Clearwater Branch4568 Jefferson Davis Hwy, Clearwater, SC 29822May 28, 1968Full Service Brick and Mortar
    104224961Langley Branch2812 Augusta Street, Langley, SC 29834July 15, 1957Full Service Brick and Mortar
    105224967Wagener Branch118 North Main Street, Wagener, SC 29164November 21, 1955Full Service Brick and Mortar
    106283496Southside Branch2587 Whiskey Road, Aiken, SC 29803Febuary 02, 1996Full Service Brick and Mortar
    107423107Lexington Branch5446 Sunset Boulevard, Lexington, SC 29072August 11, 2003Full Service Brick and Mortar
    108461623West Columbia Branch1185 Sunset Boulevard, West Columbia, SC 29169June 30, 2006Full Service Brick and Mortar
    110471099Assembly Street Branch1900 Assembly Street, Columbia, SC 29201November 01, 2007Full Service Brick and Mortar
    1115203031705 Whiskey Rd Branch1705 Whiskey Rd, Aiken, SC 29803January 07, 2009Full Service Brick and Mortar

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