Company:  SECURITY FEDERAL CORP (SFDL)
Form Type:  10-K
Filing Date:  6/25/2010 
CIK:  0000818677 
Address:  238 RICHLAND AVENUE WEST 
City, State, Zip:  AIKEN, South Carolina 29801 
Telephone:  (803) 641-3000 
Fiscal Year:  12/31 
Last Trade
Last Trade: 
$13.95  
Change: 
0.58 (4.34%)  
Trade Time: 
Apr 24  
Market Cap: 
$41.07M
Description of Business
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 the stock form (the "Conversion"). Effective August 17, 1998, the Company changed its state of incorporation from Delaware to South Carolina. On December 28, 2011, the Company reorganized into a bank holding company in connection with the Bank's conversion from a federally chartered stock savings bank to a South Carolina chartered commercial bank. As a result of the reorganization, the Board of Governors of the Federal Reserve System ("Federal Reserve") is now the Company's primary federal regulator. On January 17, 2013, the Board of Directors of the Company determined to change the Company's fiscal year end from March 31 to December 31.
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  FORM 10-K
    PART I
      Item 1. Business
        NAME AND TITLE
      Item 1A. Risk Factors.
      Item 2. Properties
      Item 3. Legal Proceedings
    PART II
      Item 5. Market for Registrant's Common Equity, Related ...
      Item 6. Selected Financial Data
      Item 7. Management's Discussion and Analysis of Financial ...
      Item 7A. Quantitative and Qualitative Disclosures About ...
      Item 8. Financial Statements and Supplementary Data
        Report of Independent and Registered Accounting Firm*
      Item 9. Changes in and Disagreements With Accountants on ...
      Item 9A(T). Controls and Procedures
      Item 9B. Other Information
    PART III
      Item 10. Directors, Executive Officers and Corporate Governance
      Item 11. Executive Compensation
      Item 12. Security Ownership of Certain Beneficial Owners ...
      Item 13. Certain Relationships and Related Transactions, and ...
      Item 14. Principal Accountant Fees and Services
    PART IV
      Item 15. Exhibits and Financial Statement Schedules
    SIGNATURES
    INDEX TO EXHIBITS
  EXHIBIT 13
    REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
      BALANCE SHEET
      INCOME STATEMENT
      STOCKHOLDERS EQUITY
      STOCKHOLDERS EQUITY
      CASH FLOW
    Notes To Consolidated Financial Statements
  EXHIBIT 21
    SUBSIDIARIES
  EXHIBIT 23
    Consent of Elliott Davis, LLC
    CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
  EXHIBIT 31.1
  EXHIBIT 31.2
  EXHIBIT 32
    CERTIFICATION OF CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL ...
  EXHIBIT 99.1
  EXHIBIT 99.2
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