Security Federal Management
Management criteria checks 4/4
Security Federal's CEO is J. Verenes, appointed in Jan 2012, has a tenure of 12.92 years. total yearly compensation is $506.16K, comprised of 81% salary and 19% bonuses, including company stock and options. directly owns 1.13% of the company’s shares, worth $975.11K. The average tenure of the management team and the board of directors is 7.9 years and 19.9 years respectively.
Key information
J. Verenes
Chief executive officer
US$506.2k
Total compensation
| CEO salary percentage | 81.0% |
| CEO tenure | 12.9yrs |
| CEO ownership | 1.1% |
| Management average tenure | 7.9yrs |
| Board average tenure | 19.9yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$9m |
| Jun 30 2024 | n/a | n/a | US$10m |
| Mar 31 2024 | n/a | n/a | US$9m |
| Dec 31 2023 | US$506k | US$410k | US$10m |
| Sep 30 2023 | n/a | n/a | US$10m |
| Jun 30 2023 | n/a | n/a | US$11m |
| Mar 31 2023 | n/a | n/a | US$11m |
| Dec 31 2022 | US$495k | US$384k | US$10m |
| Sep 30 2022 | n/a | n/a | US$9m |
| Jun 30 2022 | n/a | n/a | US$10m |
| Mar 31 2022 | n/a | n/a | US$11m |
| Dec 31 2021 | US$552k | US$365k | US$13m |
| Sep 30 2021 | n/a | n/a | US$14m |
| Jun 30 2021 | n/a | n/a | US$10m |
| Mar 31 2021 | n/a | n/a | US$9m |
| Dec 31 2020 | US$510k | US$363k | US$7m |
| Sep 30 2020 | n/a | n/a | US$6m |
| Jun 30 2020 | n/a | n/a | US$7m |
| Mar 31 2020 | n/a | n/a | US$7m |
| Dec 31 2019 | US$478k | US$336k | US$8m |
| Sep 30 2019 | n/a | n/a | US$8m |
| Jun 30 2019 | n/a | n/a | US$8m |
| Mar 31 2019 | n/a | n/a | US$8m |
| Dec 31 2018 | US$423k | US$315k | US$7m |
| Sep 30 2018 | n/a | n/a | US$7m |
| Jun 30 2018 | n/a | n/a | US$6m |
| Mar 31 2018 | n/a | n/a | US$6m |
| Dec 31 2017 | US$418k | US$290k | US$6m |
Compensation vs Market: J.'s total compensation ($USD506.16K) is about average for companies of similar size in the US market ($USD653.16K).
Compensation vs Earnings: J.'s compensation has been consistent with company performance over the past year.
CEO
J. Verenes (68 yo)
12.9yrs
Tenure
US$506,158
Compensation
Mr. J. Chris Verenes has been the Chief Executive Officer of Security Federal Bank, subsidiary of Security Federal Corp. since January 1, 2011. Mr. Verenes has been the Chief Executive Officer of Security...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 12.9yrs | US$506.16k | 1.13% $ 975.1k | |
| President & Director | 10.5yrs | US$432.25k | 1.86% $ 1.6m | |
| Secretary & Independent Director | no data | US$89.50k | 0.52% $ 449.5k | |
| President of Security Federal Bank | 5.3yrs | US$328.93k | 0.012% $ 10.4k | |
| Executive VP & CFO | 4.4yrs | no data | no data | |
| Senior VP & Chief Accounting Officer | no data | no data | no data | |
| Chief Administrative Officer & Executive VP | no data | no data | no data | |
| VP & Assistant Secretary | no data | no data | no data | |
| Senior VP & Chief Compliance Officer | no data | no data | no data | |
| Executive Vice President of Community Development & Public Affairs | no data | no data | no data | |
| Senior VP and Director of Marketing & Community Relations | no data | no data | no data | |
| Senior Vice President of Human Resources | no data | no data | no data |
7.9yrs
Average Tenure
67yo
Average Age
Experienced Management: SFDL's management team is seasoned and experienced (7.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 22.9yrs | US$506.16k | 1.13% $ 975.1k | |
| President & Director | 19.9yrs | US$432.25k | 1.86% $ 1.6m | |
| Secretary & Independent Director | 36.9yrs | US$89.50k | 0.52% $ 449.5k | |
| Independent Director | 31.9yrs | US$74.35k | 0.45% $ 391.9k | |
| Independent Director | 34.9yrs | US$91.43k | 0.72% $ 623.8k | |
| Independent Chairman of the Board | 37.9yrs | US$176.68k | 22.45% $ 19.4m | |
| Independent Director | 16.6yrs | US$122.90k | 0.54% $ 467.1k | |
| Independent Director | 13.9yrs | US$61.50k | 3.6% $ 3.1m | |
| Director Emeritus | no data | no data | no data | |
| Independent Director | 11.9yrs | US$120.86k | 0.17% $ 145.6k | |
| Independent Director | 6.2yrs | US$85.30k | 0.016% $ 13.5k | |
| Independent Director | 5.7yrs | US$85.30k | 4.81% $ 4.1m |
19.9yrs
Average Tenure
77yo
Average Age
Experienced Board: SFDL's board of directors are seasoned and experienced ( 19.9 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/24 10:01 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Security Federal Corporation is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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