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Aiken bank reports higher earnings

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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.


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