# SECURITY FEDERAL BANK
ELIZABETHTON, TN · FDIC certificate 31381 · asset band <$300M · latest filing 2020-12 · stopped filing (departed)

**Verdict on the desk:** this could be *ordinary*. Composite score 0 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $62.9M | |
| Deposits | $45.4M | |
| Loans and leases | $41.8M | |
| Total equity | $9.9M | |
| Loans / deposits | 91.18% (p88 of band) | 68.14% |
| Liquid assets / assets | 27.47% (p26 of band) | |
| Uninsured deposits / deposits | 12.81% (p30 of band) | 17.85% |
| Brokered deposits | 0.24% | |
| Wholesale funding | 11.36% (p89 of band) | |
| FHLB advances / assets | 11.12% | |
| Tier 1 leverage | 15.84% (p87 of band) | 10.68% |
| Unrealized securities loss / equity | 1.23% (p37 of band) | 2.41% |
| AOCI / equity | 0.35% (p33 of band) | |
| ROA (annualized) | 0.55% (p26 of band) | 0.92% |
| Net interest margin | 3.20% (p34 of band) | 3.52% |
| Efficiency ratio | 82.97% (p78 of band) | |
| Noncurrent loans | 1.08% (p72 of band) | 0.43% |
| Net charge-offs (annualized) | -0.02% (p10 of band) | |
| Reserve coverage of noncurrent | 101.32% | |
| Real estate % of loans | 92% | |
| Construction % of loans | 56.70% (p86 of band) | |
| Auto loans | $576,000 (1.38% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $1.0M (10% of equity) (p99 of band) | |
| Deposits YoY | -3.6% | |
| Employees | 17 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | loans exceed deposits |  |
| 2011-06 | 2 | reserve under noncurrent |  |
| 2011-09 | 1 |  | reserve under noncurrent |
| 2011-12 | 1 | reserve under noncurrent | loans exceed deposits |
| 2012-03 | 2 | uninsured deposits leaving |  |
| 2012-06 | 2 |  |  |
| 2012-09 | 2 |  |  |
| 2012-12 | 1 |  | reserve under noncurrent |
| 2013-03 | 1 | reserve under noncurrent | uninsured deposits leaving |
| 2013-06 | 0 |  | reserve under noncurrent |
| 2013-09 | 3 | reserve under noncurrent, deposits shrinking, assets shrinking |  |
| 2013-12 | 1 |  | deposits shrinking, assets shrinking |
| 2014-03 | 2 | noncurrent p90 |  |
| 2014-06 | 2 |  |  |
| 2014-09 | 1 |  | noncurrent p90 |
| 2014-12 | 2 | noncurrent p90 |  |
| 2015-03 | 1 |  | noncurrent p90 |
| 2015-06 | 1 | charge-offs p90 | reserve under noncurrent |
| 2015-09 | 1 | capital falling | charge-offs p90 |
| 2015-12 | 2 | reserve under noncurrent |  |
| 2016-03 | 2 |  |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 1 |  | capital falling |
| 2016-12 | 0 |  | reserve under noncurrent |
| 2017-03 | 1 | capital falling |  |
| 2017-06 | 0 |  | capital falling |
| 2017-09 | 4 | loans exceed deposits, wholesale funding >15%, deposits shrinking, uninsured deposits leaving |  |
| 2017-12 | 1 | reserve under noncurrent | loans exceed deposits, wholesale funding >15%, deposits shrinking, uninsured deposits leaving |
| 2018-03 | 2 | capital falling |  |
| 2018-06 | 2 |  |  |
| 2018-09 | 2 |  |  |
| 2018-12 | 4 | brokered >10%, wholesale funding >15% |  |
| 2019-03 | 3 |  | capital falling |
| 2019-06 | 3 | uninsured deposits leaving | reserve under noncurrent |
| 2019-09 | 4 | expense ratio p90, deposits shrinking, assets shrinking | brokered >10%, wholesale funding >15% |
| 2019-12 | 4 | reserve under noncurrent | expense ratio p90 |
| 2020-03 | 5 | wholesale funding >15% |  |
| 2020-06 | 3 |  | uninsured deposits leaving, wholesale funding >15% |
| 2020-09 | 2 |  | assets shrinking |
| 2020-12 | 0 |  | deposits shrinking, reserve under noncurrent |

## In the news (Google News, unfiltered, newest first; check the city)

- 2021-03-19 [South Carolina based Community First Bank acquires Security Federal - Elizabethton Star](https://news.google.com/rss/articles/CBMipwFBVV95cUxObjJOQjNFYXppTlg0Ull3dGJ0MmJjczd1U3poWEY2RERGS2xzR3BOT0VPS2JHS202SFh3c21keUVhS0Yzbm0tSlUwb1p6TTlOR181M2ItcnRvVUVtaVhnTlVKanBJTDFUQkZDOEhfazFESDV4M0t2ZXg1cjAtX2k3UFJuYTMzbVMxVlZDRVlBbC03emIwOWw0bWJTQWRwTmVDSDNkNDA2MA?oc=5) · Elizabethton Star
- 2021-03-19 [Community First Bancorporation Announces Completion of Merger With SFB Bancorp, Inc. - Newswire.com](https://news.google.com/rss/articles/CBMirgFBVV95cUxOTGlpSVRFemQzYWhJRndTbTBtOUEwQXhXMXgxcjZfa042MGY1ZjJOUjM0ZlVnLUJzdDJENXM4bERWaUN1MEtsaURoeDZIX1htSkhnWnpsal96ekFMYU5SVHdub1d1ZXhWbnowOVI4c2VSaURfTnlKV2t4OFpTTnBzR19fR041T0JUdDBhMGtJaEcwYUxNSDB5WndSUmRpS0hhbm5SdlNZc0VNSXZQNWc?oc=5) · Newswire.com
- 2026-04-06 [Francis "Frank" Marion Thomas, Jr. Obituary Apr 6, 2026 - Shellhouse Funeral Home, Inc](https://news.google.com/rss/articles/CBMihAFBVV95cUxObFM4UVF1NUVneTUtMlpXVWozT3hWRG5reDNkbDN1bWloZnVlNXdNNnZMN2oteWlmUDE0bHFlM3hNVTJPWTdqMlMyNFJZQ0RuTXcySktqTmpHbkp5S2NlcHY3WTVFSUpqcGxpUlFaM01PVVdhTF9PcEJpNEdKckZaV1ZQVFA?oc=5) · Shellhouse Funeral Home, Inc
- 2024-06-27 [Woman facing charges related to West Columbia armed bank robbery - ABC Columbia](https://news.google.com/rss/articles/CBMimwFBVV95cUxNVkZvTVJTcFJpQVloaXAwZ2pTVlJTZ1F1X1l6UlhFY1V0Rk5CbDlPdjFKYjJUajZpMGpZVEdEdEJQSHpIZmtrTjNmTTlOWWdnZEk2b0dOZldzanljeVUwWWhGY21yUWJ0NEdHajJGbU12b0VHY0toQk1uR2ZURDdHMEtIWHpxUm1UQ3U0c3g5ekNieV81eWxkTjhXMA?oc=5) · ABC Columbia
- 2024-03-03 [Edith Dockstader Obituary - Old Hickory, TN - Dignity Memorial](https://news.google.com/rss/articles/CBMiiwFBVV95cUxNUEg2d3NEMDhwZ0U2MkFGS2FBcTBHZUctZURRYVVsVXhiV29xS2ljc1NBdmx6Rmh1WkwyVmNDQzUyRjFBR0xWaXV4Z0RoSy1LS2wyWklsd2pXbUtCa3FHeUJzMEc5UDhfc2dDRHZsTERXMWh0Ykxna1lGaHcxNGoxelN6WEZkT1U5N0ln?oc=5) · Dignity Memorial
- 2018-10-02 [Here are all of the banks that currently support Apple Pay - iMore](https://news.google.com/rss/articles/CBMid0FVX3lxTE9ZY3JkQUdrNTNjWmMzVFk2QXBlWExaRnI3bjVsQ28wVlFRWUc5TEVWMm5TWkZ6RmtKTTNZRUhKbExyS25yb2pnRTc5VklBeW13Mzk0aU9MWVNGbHpiMDJUM1pfOVFvdFhCdGpNLUJQVG9ybXYzNlc4?oc=5) · iMore
- 2023-05-27 [Mary Ann Lockhart Duke Obituary May 27, 2023 - Shellhouse Funeral Home, Inc](https://news.google.com/rss/articles/CBMid0FVX3lxTFBLWTZEMlEzSC1XSWljbllkYWo0SUJ2Nm9CeGhoSWFmZDNEWEpjNFphdV8xMGNISVdJbFczeVVNSzU3WEVmLUpVRVVLaVNZSWZ4Y05WaG9ldy1jcjMxY3N6QnN6N0QyVWVfWEVQQVpUQ3JGM2xvdTlj?oc=5) · Shellhouse Funeral Home, Inc
- 2014-11-19 [Freda Darden Obituary (1955 - 2014) - Springfield, TN - The Tennessean - legacy.com](https://news.google.com/rss/articles/CBMijwFBVV95cUxQdzFFWE1QVnlsaWxUTnFtM3lQR1IxOE5CdmN3Uk1BTm9majRIcWE1VHAtVmZvWkdLNElia0sxQ3B4WHZRQ0RhMWFvQ1pEbDNoYmtPRkY3ZjJra3F6WlJlVDhzUVBRZXZhcTNtdUhsVmh1UGZDX2NBSUtKbDFGNjQwZkRDRXBfSVhsYWN2RlhBdw?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=31381 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/21.json (key "31381", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide