# EDGAR Filing Document

**Accession Number:** 0000818677
**File Stem:** 0000939057-23-000054
**Filing Date:** 2023-2
**Character Count:** 5641
**Document Hash:** c9b5420ac5b239bfaec5612ad72b8d75
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000939057-23-000054.hdr.sgml**: 20230223

**ACCESSION NUMBER**: 0000939057-23-000054

**CONFORMED SUBMISSION TYPE**: 3

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230217

**FILED AS OF DATE**: 20230223

**DATE AS OF CHANGE**: 20230223

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Crowe Nathan
- **CENTRAL INDEX KEY:** 0001966487

**FILING VALUES:**
- **FORM TYPE:** 3
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-16120
- **FILM NUMBER:** 23659896

**MAIL ADDRESS:**
- **STREET 1:** 238 RICHLAND AVENUE NORTHWEST
- **CITY:** AIKEN
- **STATE:** SC
- **ZIP:** 29801
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SECURITY FEDERAL CORP
- **CENTRAL INDEX KEY:** 0000818677
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **IRS NUMBER:** 570858504
- **STATE OF INCORPORATION:** SC
- **FISCAL YEAR END:** 1231

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

**MAIL ADDRESS:**
- **STREET 1:** 238 RICHLAND AVENUE NW
- **CITY:** AIKEN
- **STATE:** SC
- **ZIP:** 29801

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SECURITY FEDERAL CORPORATION
- **DATE OF NAME CHANGE:** 19920703

## Ex-24

**Exhibit 24**<br>

**** 

<u>CONFIRMING STATEMENT</u>

This Statement confirms that the undersigned has authorized and designated J. Chris Verenes and/or Beverly S. Nettles to execute and file on the undersigned's behalf all Forms 3, 4 and 5 (including any amendments thereto) that the undersigned may be required to file with the United States Securities & Exchange Commission or the Office of Thrift Supervision as a result of the undersigned's ownership of or transactions in securities of Security Federal Corporation ("Security Federal") or of any successor issuer to Security Federal. The authority of J. Chris Verenes and/or Beverly S. Nettles under this Statement shall continue until the undersigned is no longer required to file Forms 3, 4 or 5 with regard to the undersigned's ownership of or transactions in securities of Security Federal, unless earlier revoked in writing. The undersigned acknowledges that J. Chris Verenes and Beverly S. Nettles are not assuming, nor is Security Federal assuming, any of the undersigned's responsibilities to comply with Section 16 of the Securities Exchange Act of 1934.

---

| | |
|:---|:---|
|  | <u>/s/Nathan Crowe</u>  |
|  | Nathan Crowe <br>|
| <u>2/15/2023&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> <br>|  |
| Date <br>|  |

---

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 3

### INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Crowe Nathan<br><sub>(Last) (First) (Middle)</sub><br>238 RICHLAND AVENUE NORTHWEST<br><sub>(Street)</sub><br>AIKEN, SC 29801<br><sub>(City) (State) (Zip)</sub> | **3. Issuer Name and Ticker or Trading Symbol**<br>SECURITY FEDERAL CORP [ SFDL ] | **5. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  |
| **2. Date of Event Requiring Statement (Month/Day/Year)**<br>2023-02-17 | **4. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director   [ ] 10% Owner<br>[X] Officer (give title below)   [ ] Other (specify below)<br>_Chief Accounting Officer_ | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities Beneficially Owned

---

|  |  |  |  |
| --- | --- | --- | --- |
| 1. Title of Security | 2. Amount of Securities Beneficially Owned | 3. Ownership Form | 4. Nature of Indirect Beneficial Ownership |
| Common Stock, par value $0.01 per share | 11 | D |  |

---

## Table II - Derivative Securities Beneficially Owned

---

|  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Underlying Securities | 3. Title and Amount of Underlying Securities | 4. Conversion or Exercise Price | 5. Ownership Form | 6. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 4. Conversion or Exercise Price | 5. Ownership Form | 6. Nature of Indirect Beneficial Ownership |
|  |  |  |  |  |  |  |  |

---

**Signature:** /s/Beverly S. Nettles, Attorney-In-Fact for Nathan Crowe  
**Date:** 2023-02-23

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**