Published July 31, 2012
Aiken-based Security Federal Corp., the holding company for Security Federal Bank, reported today earnings for the quarter ending June 30 rose 77% to $621,000 compared with $351,000 for a similar period last year.
Security Federal said the report was for the first quarter of its fiscal year, which runs from April 1 to March 31, 2013.
Total assets for the quarter ending June 30 were $910.1 million compared to $924.64 million for the quarter ending March 31, a decrease of $14.53 million, or 1.57%, for the three-month period.
Net loans decreased $15.44 million, or 3.6%, to $413.07 million at the end of June 30 compared with $428.51 million for the three-month period ending March 31.
Security Federal has 13 branches in Aiken, Clearwater, Graniteville, Langley, Lexington, North Augusta, Wagener, Columbia and West Columbia, and Evans, Ga.