# Security Federal Corp (SFDL)

> Cited company facts from SEC filings, by Steadybase. Web page: https://steadybase.io/company/security-federal-corp/ JSON: https://steadybase.io/company/security-federal-corp.json Checked Nov 10, 2026. Latest filing read: Mar 20, 2026.

## Company

- Legal name: SECURITY FEDERAL CORP
- Ticker: SFDL (OTC)
- SEC CIK: 0000818677
- Industry: State Commercial Banks (SIC 6022)
- Headquarters: Aiken, SC
- Fiscal year ends: December 31
- SEC filer category: Non-accelerated filer<br>Smaller reporting company
- Website: securityfederalbank.com
- Investor relations: https://www.securityfederalbank.com/stock-info-investor-relations
- LinkedIn: https://www.linkedin.com/company/security-federal-bank

## Key facts

- Revenue: $78.7M for the fiscal year ended Dec 31, 2025 (10-K filed Mar 20, 2026). Source: https://www.sec.gov/Archives/edgar/data/818677/000143774926009181/0001437749-26-009181-index.html
- Net income: $13.7M for the fiscal year ended Dec 31, 2025 (10-K filed Mar 20, 2026). Source: https://www.sec.gov/Archives/edgar/data/818677/000143774926009181/0001437749-26-009181-index.html
- SG&A: $34.2M for the fiscal year ended Dec 31, 2022 (10-K filed Mar 24, 2023). Source: https://www.sec.gov/Archives/edgar/data/818677/000093905723000085/0000939057-23-000085-index.html
- Employees: 258 as of Dec 31, 2025, as reported in an SEC filing. Source: https://www.sec.gov/Archives/edgar/data/818677/000143774926009181/sfdl20251231_10k.htm
- Shares outstanding: 3,093,225 as of Mar 20, 2026 (10-K filed Mar 20, 2026). Source: https://www.sec.gov/Archives/edgar/data/818677/000143774926009181/0001437749-26-009181-index.html
- Auditor: Elliott Davis, LLC, Columbia, South Carolina, named in the latest 10-K. Source: https://www.sec.gov/Archives/edgar/data/818677/000143774926009181/sfdl20251231_10k.htm

## Business

Security Federal Corporation (the "Company") was incorporated under the laws of the State of Delaware in July 1987 for the purpose of becoming the savings and loan holding company for Security Federal Bank ("Security Federal" or the "Bank") upon the Bank's conversion from mutual to stock form (the "Conversion"). Effective August 17, 1998, the Company changed its state of incorporation from Delaware to South Carolina.

Source: Item 1. Business, https://www.sec.gov/Archives/edgar/data/818677/000143774926009181/sfdl20251231_10k.htm

## Annual results

| Fiscal year ended | Revenue | Net income | SG&A |
|---|---|---|---|
| Dec 31, 2025 | $78.7M | $13.7M | n/a |
| Dec 31, 2024 | $77.3M | $9.8M | n/a |
| Dec 31, 2023 | $65.0M | $10.2M | n/a |
| Dec 31, 2022 | $42.6M | $10.2M | $34.2M |
| Dec 31, 2021 | $37.1M | $12.8M | $32.0M |

Each figure comes from the annual report for that year. Filing links for every figure: https://steadybase.io/company/security-federal-corp.json

## Officers and directors

- J. Chris Verenes, Chief Executive Officer. Source: 10-K filed Mar 20, 2026, https://www.sec.gov/Archives/edgar/data/818677/000143774926009181/ex_887880.htm
- Darrell Rains, Chief Financial Officer. LinkedIn: https://www.linkedin.com/in/darrell-rains-cpa-222b953b. Source: 10-K filed Mar 20, 2026, https://www.sec.gov/Archives/edgar/data/818677/000143774926009181/ex_887881.htm
- Philip R. Wahl, President. Source: Form 4 filed Nov 4, 2025, https://www.sec.gov/Archives/edgar/data/818677/000093905725000286/0000939057-25-000286-index.htm
- Margaret A. Hurt, Controller. LinkedIn: https://linkedin.com/in/margaret-hurt-45635289. Source: Form 4 filed Nov 4, 2025, https://www.sec.gov/Archives/edgar/data/818677/000093905725000287/0000939057-25-000287-index.htm

## Recent 8-K events

- Jan 30, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/818677/000143774926002479/sfdl20260129_8k.htm
- Oct 29, 2025: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/818677/000143774925032126/sfdl20251028_8k.htm
- Aug 22, 2025: Item 8.01, Other events. Source: https://www.sec.gov/Archives/edgar/data/818677/000093905725000237/8k82125.htm
- Jul 30, 2025: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/818677/000143774925023892/sfdl20250725_8k.htm
- May 13, 2025: Item 5.07, Submission of matters to a vote of security holders. Source: https://www.sec.gov/Archives/edgar/data/818677/000093905725000138/secfed8k5925.htm
- Apr 30, 2025: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/818677/000143774925013723/sfdl20250428_8k.htm
- Mar 20, 2025: Item 8.01, Other events; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/818677/000143774925008512/sfdl20250318c_8k.htm
- Jan 31, 2025: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/818677/000143774925002407/sfdl20250128_8k.htm
- Jan 14, 2025: Item 1.01, Entry into a material definitive agreement; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/818677/000143774925001102/sfdl20250113_8k.htm
- Oct 30, 2024: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/818677/000143774924032557/sfdl20241028_8k.htm

## Latest filings

- 8-K filed Jan 30, 2026: https://www.sec.gov/Archives/edgar/data/818677/000143774926002479/sfdl20260129_8k.htm
- 10-K filed Mar 20, 2026: https://www.sec.gov/Archives/edgar/data/818677/000143774926009181/sfdl20251231_10k.htm
- 10-Q filed Nov 10, 2025: https://www.sec.gov/Archives/edgar/data/818677/000143774925034089/sfdl20250930_10q.htm
- DEF 14A filed Apr 7, 2025: https://www.sec.gov/Archives/edgar/data/818677/000143774925011210/sfdl20250306_def14a.htm

## About this data

SEC EDGAR filings, read by Steadybase. Every value links to the filing it came from.
Steadybase covers US-headquartered public companies that file with the SEC. API and MCP access: https://steadybase.io/docs/