-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Jj/zQXfi1O71WPkD2rUilsgu1xtCdfROPsTS54AEawq1OIay+U6EAf1CEtT6DEGg
 ScPdLOF+evd92spS2l4gEg==

<SEC-DOCUMENT>0000939057-10-000296.txt : 20100929
<SEC-HEADER>0000939057-10-000296.hdr.sgml : 20100929
<ACCEPTANCE-DATETIME>20100929134642
ACCESSION NUMBER:		0000939057-10-000296
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20100929
DATE AS OF CHANGE:		20100929
EFFECTIVENESS DATE:		20100929

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SECURITY FEDERAL CORP
		CENTRAL INDEX KEY:			0000818677
		STANDARD INDUSTRIAL CLASSIFICATION:	SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035]
		IRS NUMBER:				570858504
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-148310
		FILM NUMBER:		101095921

	BUSINESS ADDRESS:	
		STREET 1:		238 RICHLAND AVENUE WEST
		CITY:			AIKEN
		STATE:			SC
		ZIP:			29801
		BUSINESS PHONE:		8036413000

	MAIL ADDRESS:	
		STREET 1:		238 RICHLAND AVENUE WEST
		CITY:			AIKEN
		STATE:			SC
		ZIP:			29801

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SECURITY FEDERAL CORPORATION
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0704</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0000818677</cik>
        <entityName>SECURITY FEDERAL CORP</entityName>
        <issuerAddress>
            <street1>238 RICHLAND AVENUE WEST</street1>
            <city>AIKEN</city>
            <stateOrCountry>SC</stateOrCountry>
            <stateOrCountryDescription>SOUTH CAROLINA</stateOrCountryDescription>
            <zipCode>29801</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>(803)641-3000</issuerPhoneNumber>
        <jurisdictionOfInc>SOUTH CAROLINA</jurisdictionOfInc>
        <edgarPreviousNameList>
            <previousName>SECURITY FEDERAL CORPORATION</previousName>
        </edgarPreviousNameList>
        <entityType>Corporation</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Timothy</firstName>
                <middleName>W.</middleName>
                <lastName>Simmons</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>238 Richland Avenue West</street1>
                <city>Aiken</city>
                <stateOrCountry>SC</stateOrCountry>
                <stateOrCountryDescription>SOUTH CAROLINA</stateOrCountryDescription>
                <zipCode>29801</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>President and Chief Executive Officer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>T.</firstName>
                <middleName>Clifton</middleName>
                <lastName>Weeks</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>238 Richland Avenue West</street1>
                <city>Aiken</city>
                <stateOrCountry>SC</stateOrCountry>
                <stateOrCountryDescription>SOUTH CAROLINA</stateOrCountryDescription>
                <zipCode>29801</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Chairman of the Board and director of the Company and director of Security Federal Bank.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>J.</firstName>
                <middleName>Chris</middleName>
                <lastName>Verenes</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>238 Richland Avenue West</street1>
                <city>Aiken</city>
                <stateOrCountry>SC</stateOrCountry>
                <stateOrCountryDescription>SOUTH CAROLINA</stateOrCountryDescription>
                <zipCode>29801</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Director of the Company and President and Director of Security Federal Bank.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Roy</firstName>
                <middleName>G.</middleName>
                <lastName>Lindburg</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>238 Richland Avenue West</street1>
                <city>Aiken</city>
                <stateOrCountry>SC</stateOrCountry>
                <stateOrCountryDescription>SOUTH CAROLINA</stateOrCountryDescription>
                <zipCode>29801</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Treasurer, Chief Financial Officer and Director of the Company and Security Federal Bank.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Frank</firstName>
                <middleName>M.</middleName>
                <lastName>Thomas, Jr.</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>238 Richland Avenue West</street1>
                <city>Aiken</city>
                <stateOrCountry>SC</stateOrCountry>
                <stateOrCountryDescription>SOUTH CAROLINA</stateOrCountryDescription>
                <zipCode>29801</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Director of the Company and Executive Vice President and Director of Security Federal Bank.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Robert</firstName>
                <middleName>E.</middleName>
                <lastName>Alexander</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>238 Richland Avenue West</street1>
                <city>Aiken</city>
                <stateOrCountry>SC</stateOrCountry>
                <stateOrCountryDescription>SOUTH CAROLINA</stateOrCountryDescription>
                <zipCode>29801</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Corporate Secretary and Director of the Company and Security Federal Bank.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>William</firstName>
                <lastName>Clyburn</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>238 Richland Avenue West</street1>
                <city>Aiken</city>
                <stateOrCountry>SC</stateOrCountry>
                <stateOrCountryDescription>SOUTH CAROLINA</stateOrCountryDescription>
                <zipCode>29801</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Thomas</firstName>
                <middleName>L.</middleName>
                <lastName>Moore</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>238 Richland Avenue West</street1>
                <city>Aiken</city>
                <stateOrCountry>SC</stateOrCountry>
                <stateOrCountryDescription>SOUTH CAROLINA</stateOrCountryDescription>
                <zipCode>29801</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Gasper</firstName>
                <middleName>L.</middleName>
                <lastName>Toole, III</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>238 Richland Avenue West</street1>
                <city>Aiken</city>
                <stateOrCountry>SC</stateOrCountry>
                <stateOrCountryDescription>SOUTH CAROLINA</stateOrCountryDescription>
                <zipCode>29801</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Other Banking and Financial Services</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>Decline to Disclose</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2010-09-29</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>0</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>4000000</totalOfferingAmount>
            <totalAmountSold>4000000</totalAmountSold>
            <totalRemaining>0</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>1</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>SECURITY FEDERAL CORP</issuerName>
                <signatureName>/s/Timothy W. Simmons</signatureName>
                <nameOfSigner>Timothy W. Simmons</nameOfSigner>
                <signatureTitle>President and CEO</signatureTitle>
                <signatureDate>2010-09-29</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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