Applications / Mortgage Analytics / Lenders / South Carolina / Security Federal Bank
Aiken, SC · State non-member bank · FDIC · $1.6 billion assets · 244 loans in 2025
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244
loans originated, 2025
352
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Security Federal Bank, a South Carolina bank, makes bigger loans than similar banks and lends in majority-minority neighborhoods far more often than they do.
Its typical loan was $245,000, against $175,000 at similar lenders (state non-member banks making between half and twice as many loans). Unlike most of them, it makes government-backed loans: 2.5% of its loans were insured by the Federal Housing Administration (FHA) and 4.1% guaranteed by the Department of Veterans Affairs (VA). The typical peer made none of either.
Majority-minority neighborhoods took 21.3% of its loans, against 6.5% at similar lenders, a higher share than at more than three-quarters of them. Its typical rate, 6.49%, was lower than at about nine in ten peers.
Augusta-Richmond County is its largest market. It ranked 17 of 461 lenders there, with a share unchanged at 1.6%. In 2025 it entered Brunswick-St. Simons and Hinesville, both in Georgia. Its loans rose 2% to 244, against 9% at the typical similar lender, and remain far below the 684 it made in 2020.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Security Federal Bank took 352 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 68.0% · Refinance 27.5% · Other 3.3% · Home improvement 1.2%
Conventional 91.4% · VA 4.1% · FHA 2.5% · USDA (RHS or FSA) 2.0% · of 244 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| South Carolina | 183 | 75.0% |
| Georgia | 61 | 25.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Augusta-Richmond County | 203 |
| Columbia | 24 |
| Atlanta-Sandy Springs-Roswell | 1 |
| Brunswick-St. Simons | 1 |
| Charleston-North Charleston | 1 |
| Charlotte-Concord-Gastonia | 1 |
| Hinesville | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493005ES4J6H2VR7264 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 763677 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 46380 | 1990–2010 |
| Respondent ID (the HMDA filer code before 2018) | 331100 | 2011–2017 |
Established 1 January 1922. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Security Federal Bank's data.
Security Federal Bank's data
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Security Federal Bank and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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