Security Federal Corp.
- SFDL ยท OTC
- State Commercial Banks
- Aiken, SC
- 258 employees
- CIK 0000818677
Updated from SEC filings through
Top things to know
Executives
- J. Chris Verenes Chief Executive Officer 10-K, 2026-03-20
- Darrell Rains Chief Financial Officer 10-K, 2026-03-20
- Philip R. Wahl President 4, 2025-11-04
- Margaret A. Hurt Controller 4, 2025-11-04
Security Federal Corp is a U.S. public company in state commercial banks (SIC 6022), headquartered in Aiken, SC. It trades as SFDL on OTC. Revenue was $78.7M in the fiscal year ending December 31, 2025, +1.7% from the year before. It reported about 258 employees. J. Chris Verenes is Chief Executive Officer.
Five-year financials
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $78.7M 10-K, 2026-03-20 | $77.3M 10-K, 2026-03-20 | $65.0M 10-K, 2025-03-14 | $42.6M 10-K, 2024-03-21 | $37.1M 10-K, 2023-03-24 |
| Operating income | Not on file | Not on file | Not on file | Not on file | Not on file |
| SG&A | Not on file | Not on file | Not on file | $34.2M 10-K, 2023-03-24 | $32.0M 10-K, 2023-03-24 |
| Net income | $13.7M 10-K, 2026-03-20 | $9.8M 10-K, 2026-03-20 | $10.2M 10-K, 2025-03-14 | $10.2M 10-K, 2024-03-21 | $12.8M 10-K, 2023-03-24 |
Annual figures from XBRL in each company's own filings. Click a figure to open the filing. SG&A marked derived is general and administrative plus selling and marketing.
Leadership and board
| Name | Title | Source |
|---|---|---|
| J. Chris Verenes | Chief Executive Officer | 10-K, 2026-03-20 |
| Darrell Rains | Chief Financial Officer | 10-K, 2026-03-20 |
| Philip R. Wahl | President | 4, 2025-11-04 |
| Margaret A. Hurt Controller at Security Federal Bank | Controller | 4, 2025-11-04 |
What Security Federal Corp does
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.
Item 1. Business, 10-K for the year ending December 31, 2025
Shares and governance
| Shares outstanding | 3.1 million (as of March 20, 2026) | 10-K, March 20, 2026 |
|---|---|---|
| Public float | $48.4M (as of June 30, 2025) | 10-K, March 20, 2026 |
| Reportable segments | 1 (period ending December 31, 2023) | 10-K, March 21, 2024 |
| Latest proxy statement | Meeting May 8, 2025 (filed April 7, 2025) | DEF 14A, April 7, 2025 |
| Auditor | Elliott Davis, LLC (Columbia, South Carolina) | Latest 10-K |
Recent 8-K events
- 8-K filed 2026-01-30
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2025-10-29
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2025-08-22
- Item 8.01 Other events
- 8-K filed 2025-07-30
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2025-05-13
- Item 5.07 Submission of matters to a vote of security holders
- 8-K filed 2025-04-30
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2025-03-20
- Item 8.01 Other events
- 8-K filed 2025-01-31
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2025-01-14
- Item 1.01 Entry into a material definitive agreement
- 8-K filed 2024-10-30
- Item 2.02 Results of operations and financial condition (earnings release)
Frequently asked questions about Security Federal Corp
- What does Security Federal Corp do?
- In its own words, from Item 1 of its 10-K: "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."
- What is Security Federal Corp's revenue?
- $78.7M for the fiscal year ending December 31, 2025, from its 10-K filed March 20, 2026.
- Is Security Federal Corp profitable?
- Security Federal Corp reported net income of $13.7M for the fiscal year ending December 31, 2025.
- How many employees does Security Federal Corp have?
- About 258 as of December 31, 2025, as stated in its annual report.
- Who is the CEO of Security Federal Corp?
- J. Chris Verenes, Chief Executive Officer, as named in a 10-K filed March 20, 2026.
- Who is the CFO of Security Federal Corp?
- Darrell Rains, Chief Financial Officer, as named in a 10-K filed March 20, 2026.
- Where is Security Federal Corp headquartered?
- Aiken, SC.
- What is Security Federal Corp's stock ticker?
- SFDL on OTC.
- What industry is Security Federal Corp in?
- State Commercial Banks, SIC code 6022.
- What is Security Federal Corp's website?
- securityfederalbank.com. Investor relations: https://www.securityfederalbank.com/stock-info-investor-relations.
- Is Security Federal Corp a public company?
- Yes. Security Federal Corp files with the SEC under CIK 0000818677 and trades as SFDL.
- Who audits Security Federal Corp?
- Elliott Davis, LLC, Columbia, South Carolina, as named in its latest annual report (10-K).
- How many shares of Security Federal Corp are outstanding?
- 3.1 million shares as of March 20, 2026, from its 10-K filed March 20, 2026.
- What is Security Federal Corp's public float?
- $48.4M as of June 30, 2025, as reported on the cover of its 10-K filed March 20, 2026.
- How many business segments does Security Federal Corp report?
- 1 reportable segment for the period ending December 31, 2023, from its 10-K filed March 21, 2024.
- When is Security Federal Corp's annual shareholder meeting?
- May 8, 2025, per its proxy statement (DEF 14A) filed April 7, 2025.