Security Bancorp, Inc. Release Fourth Quarter Earnings - 2004-02-03
Security Bancorp, Inc. declared on January 29, 2004 consolidated earnings for the year ended December 31, 2003. The Company is the holding company for Security Federal Savings Bank of McMinnville, Tennessee.
The increase in loans receivable, net, for the year ended December 31, 2003 was attributable to an increase in mortgage and consumer loans due to the continued downward trend in interest rates.
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