Security Federal Corp
securityfederalbank.comWhat Do They Do?
Accepts deposits and makes loans to households and businesses, while offering trust and insurance services.
10-K for FY2025, filed Mar 20, 2026
How Do They Make Money?
Borrowers pay interest and fees on loans, including origination charges; deposit customers pay monthly account fees and fees for specific transactions when those services occur.
10-K for FY2025, filed Mar 20, 2026The principal business of Security Federal is accepting deposits from the general public and originating commercial real estate loans…View ↗
In addition to interest earned on loans, the Bank receives loan origination fees or "points" for originating loans. Loan origination points…View ↗
Service Fees on Deposit AccountsView ↗
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10-K for FY2025, filed Mar 20, 2026
FY2025 revenue by product or service (Fees income) ↗
$78.7M
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10-K for FY2025, filed Mar 20, 2026
$78.7M ↗
| Segment | Share | Revenue |
|---|---|---|
|
Deposit Account
|
28%
FY2022: 28%
|
Deposit Account, FY2025
$1.3M Sources
|
|
ATM and Credit Card
|
72%
FY2022: 72%
|
ATM and Credit Card, FY2025
$3.3M Sources
|
Who Are Their Customers?
Borrowers apply through the Bank, including through referrals, walk-in visits, real estate agents, builders and developers. Deposits come primarily from communities around its branches; customers can also use online and mobile services.
10-K for FY2025, filed Mar 20, 2026
Do Revenues Turn Into Profits?
Yes. It kept 17 cents of every revenue dollar as net income in FY2025 and turned 11 cents into free cash flow.
How Are They Changing?
Growing. Revenue grew 2.1x in 4 years, from $37.1M in FY2021 to $78.7M in FY2025, about 21% a year.
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