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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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1705 Whiskey Road South, Aiken, South Carolina (Address of principal executive offices)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 22, 2004 SECURITY FEDERAL CORPORATION (Exact name of registrant as specified in its charter) South Carolina
0-16120
57-0858504 (State or other jurisdiction
(Commission
(IRS Employer of incorporation)
File Number)
Identification No.)
29801
(Zip Code) Registrant's telephone number (including area code): (803) 641-3000 Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing
obligation of the registrant under any of the following provisions. [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item 2.02 Results of Operations and Financial Condition
On October 22, 2004, Security Federal Corporation issued its earnings release for the quarter ended September 30, 2004. A copy of the earnings release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(c) Exhibits
99.1 Press Release of Security Federal Corporation dated October 22, 2004.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
SECURITY FEDERAL CORPORATION | |
Date: October 22, 2004 | By: /s/ Roy G. Lindburg |
Roy G. Lindburg | |
Treasurer and Chief Financial Officer |
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NEWS RELEASE
SECURITY FEDERAL CORPORATION ANNOUNCES QUARTERLY EARNINGS
Total assets at September 30, 2004 were $552.8 million compared to $528.0 million at March 31, 2004, an increase of 4.7%. Net loans receivable increased $19.4 million or 7.5% to $279.3 million at September 30, 2004 from $259.9 million at March 31, 2004. Total deposits were $408.4 million at September 30, 2004 compared to $389.6 million at March 31, 2004, an increase of 4.8%. Federal Home Loan Bank advances and other borrowings increased $4.6 million or 4.5% to $106.4 million at September 30, 2004.
Security Federal Bank has eleven full service branch locations in Aiken, Clearwater, Graniteville, Langley, Lexington, North Augusta, Wagener, and West Columbia, South Carolina. Additional financial services are provided by three of the Bank's wholly owned subsidiaries, Security Federal Insurance, Inc., Security Federal Investments, Inc., and Security Federal Trust, Inc.
For additional information contact Roy Lindburg, Chief Financial Officer, at (803) 641-3070
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