Augusta Economy

More News | Fort Gordon | Plant Vogtle | Savannah River Site | Editor

Security Federal Corp. reports profit

  • Follow Aiken

Security Federal Corp., the holding company for Security Federal Bank, reported a quarterly profit of $376,000 – up from $344,000 from the same quarter in 2010.

The Aiken-based bank reported that the increase for the quarter that ended in December was primarily the result of a decrease in expenses.

Total assets were $916.5 million, down from $933.5 million at the end of March, the beginning of its fiscal year.

Total deposits are also lower, from $690 million to $689 million, in the same period.

Security Federal has 12 full-service branches in South Carolina and one in Georgia.


Top headlines

Vogtle workforce hits 4,200

About 4,200 workers are employed at the Plant Vogtle expansion project where the first two reactors built in the U.S. in more than three decades are rising from the red clay.
Loading...