Security Bancorp, Inc., serves as the holding company for Security Federal Savings Bank of McMinnville. The Bank engages primarily in the business of attracting deposits from the general public and using those funds to originate one- to four-family mortgage loans within its primary market area. To a lesser extent, the Bank also originates construction loans, commercial real estate loans, acquisition and development loans, commercial business loans, and consumer loans. Deposits of the Bank include savings and checking accounts, and certificates of deposits. The Bank considers Warren County to be its primary market area. In August 2002, John W. Duncan resigned as Vice President and Chief Financial Officer of the company.