[Breyer & Associates PC Letterhead]

September 2, 2009

Via EDGAR and Messenger

Michael R. Clampitt, Senior Attorney

Financial Services Group

Securities and Exchange Commission

100 F Street, N.E.

Mail Stop 4561

Washington, D.C.  20549

Re:	Security Federal Corporation Registration Statement on Form S-1/A
	File Number 333-160553

Dear Mr. Clampitt:

Pursuant to the Securities Act of 1933, as amended (the “Act”), and the rules and regulations thereunder, on behalf of our client Security Federal Corporation (the “Holding Company”), we enclose herewith for filing Pre-Effective Amendment No. Two (the “Amendment”) to the Holding Company’s Registration Statement on Form S-1 relating to the Holding Company’s proposed offering.

The Amendment responds to comments raised by the Staff of the Securities and Exchange Commission in its letter dated August 31, 2009 (the “Comment Letter”).  The Holding Company’s responses to the Staff’s comments are numbered to correspond to the numbered comments in the Comment Letter.

  The Amendment is marked to show all revisions to the original submission made on August 27, 2009.

Where You Can Find More Information, page 1

1.   In response to this comment, additional disclosure to incorporate by reference the Form 10-K/A filed August 26, 2009 has been provided on page 1 of the prospectus.

Exhibit 5.1

2.   The first paragraph on page 2 of the opinion has been revised as requested.

* * * * *

Michael R. Clampitt, Senior Attorney

Securities and Exchange Commission

September 2, 2009

Page 2 

We will provide requests from the Holding Company for acceleration of the effective date of the registration statement as soon as the Staff is prepared to receive them.

We appreciate the Staff’s assistance in reviewing Amendment No. 2, and request that the Staff direct any questions with respect to these responses to the undersigned.

Very truly yours, 

/s/ John F. Breyer, Jr. 

John F. Breyer, Jr. 

cc:	(Hard copy by messenger)
	Michael R. Clampitt, Senior Attorney, Mail Stop 4561
	Matt McNair, Staff Attorney, Mail Stop 4561