Security Federal Bank: how it compares with its peers
Against 14 SC banks with half to twice its assets, Security Federal Bank's strongest measure in Q2 2026 is net interest margin (3.30% vs. a 3.61% peer median). Its weakest relative measure is return on assets (0.86% vs. 1.23%).
| Measure | Security Federal Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.86% | 1.23% | Bottom third Ahead of 7% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.30% | 3.61% | Bottom third Ahead of 21% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 70.44% | 59.17% | Bottom third Ahead of 7% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $6.1M | $8.6M | Bottom third Ahead of 21% of peers |
| Loans to deposits Net loans and leases over total deposits. | 49.78% | 84.53% | Context |
What it means for lending operations
Its efficiency ratio of 70.44% is above the 59.17% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- Bank of Travelers Rest Travelers Rest, SC · $1.60B
- Coastal Carolina National Bank Myrtle Beach, SC · $1.35B
- First Capital Bank Charleston, SC · $1.32B
- The Citizens Bank Olanta, SC · $1.14B
- First Reliance Bank Florence, SC · $1.13B
- First Palmetto Bank Camden, SC · $1.10B
Questions about Security Federal Bank
How big is Security Federal Bank?
Security Federal Bank, established in 1922, is headquartered in Aiken, SC. It reported $1.54B in total assets in its Q2 2026 FDIC call report and operates 19 offices.
What is Security Federal Bank's return on assets?
0.86% annualized in Q2 2026, against a 1.23% median for 14 SC banks with half to twice its assets, ahead of 7% of them.
What is Security Federal Bank's efficiency ratio?
70.44% in Q2 2026: it spent about 70 cents in noninterest expense for each dollar of revenue. The peer median is 59.17%, and lower is better.
Is Security Federal Bank growing its loans?
Net loans shrank 1.5% over the year to Q2 2026, while deposits shrank 1.7%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are SC banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every South Carolina bank ranked.