SECURITY FEDERAL CORP

Security Federal Corporation is a one-bank holding company that operates through its subsidiary, Security Federal Bank. The Company changed its state of incorporation from Delaware to South Carolina on August 17, 1998. On December 28, 2011, it reorganized into a bank holding company when Security Federal Bank converted from a federally chartered stock savings bank to a South Carolina chartered commercial bank. This reorganization made the Federal Reserve the Company's primary federal regulator. As a South Carolina corporation, the Company can engage in any activity permitted by South Carolina General Corporation Law. Security Federal Bank, headquartered in Aiken, South Carolina, was originally chartered as Aiken Building and Loan Association on March 27, 1922. It operates 19 branch offices across Aiken, Lexington, Richland, and Saluda counties in South Carolina, and Columbia and Richmond counties in Georgia. As of December 31, 2025, the Company, on a consolidated basis with the Bank, reported assets of $1.6 billion, loans receivable, net, of $673.1 million, deposits of $1.4 billion, and shareholders' equity of $200.5 million. The executive office is located at 238 Richland Avenue Northwest, Aiken, South Carolina 29801.