Aiken-based Security Federal Corp., the holding company for Security Federal Bank, reported higher quarterly earnings Tuesday.
Security Federal reported net income of $912,000, or 31 cents per share, for the third quarter, up from $560,000, or 19 cents per share, for the quarter in 2012.
Security Federal Bank has 12 branches in South Carolina and one in Georgia.
Total assets at the end of the quarter were $852.4 million, down from $890.4 million at the start of the year. Total deposits also decreased to $669.4 million from $676.3 million at the beginning of 2013.