Chris Verenes - Security Federal Chairman

SFDL Stock  USD 27.00  1.00  3.57%   

Chairman

Mr. J. Chris Verenes is Chief Executive Officer of the Company and Chairman of the Board and Chief Executive Officer of the Bank, positions he has held since January 1, 2012 and January 1, 2011, respectively. Prior to that he had served as President of the Bank since 2004. Before joining the Bank he held a variety of management positions with Washington Group International, an engineering and construction company that manages and operates major government sites throughout the United States for the Department of Energy. He was Director of Planning and Administration from 2001 to January 2004, Chief of Staff during 2001, Director of Strategic Programs for the business unit from 2000 to 2001 and Deputy Manager of Business Development from 1996 to 2000. Prior to his employment by Washington Group International, Mr. Verenes served as Controller for Riegel Textile Corporationrationration, as Director of Control Data and Business and Technology Center, and as Executive Director of the South Carolina Democratic Party. since 2012.
Age 67
Tenure 12 years
Phone803 641 3000
Webhttps://www.securityfederalbank.com

Security Federal Management Efficiency

Security Federal's management efficiency ratios could be used to measure how well Security Federal manages its routine affairs as well as how well it operates its assets and liabilities.
Security Federal currently holds 61.94 M in liabilities with Debt to Equity (D/E) ratio of 7.79, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Debt can assist Security Federal until it has trouble settling it off, either with new capital or with free cash flow. So, Security Federal's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Security Federal sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Security to invest in growth at high rates of return. When we think about Security Federal's use of debt, we should always consider it together with cash and equity.
Security Federal Corporation operates as the bank holding company for Security Federal Bank that provides various banking products and services. Security Federal Corporation was founded in 1922 and is headquartered in Aiken, South Carolina. Security Federal operates under BanksRegional classification in the United States and is traded on OTC Exchange. It employs 232 people. Security Federal [SFDL] is a Pink Sheet which is traded between brokers as part of OTC trading.

Management Performance

Security Federal Leadership Team

Elected by the shareholders, the Security Federal's board of directors comprises two types of representatives: Security Federal inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Security. The board's role is to monitor Security Federal's management team and ensure that shareholders' interests are well served. Security Federal's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Security Federal's outside directors are responsible for providing unbiased perspectives on the board's policies.
Robert EdD, S Director
Darrell Rains, Ex CFO
Chris Verenes, CEO, Director, Member of Executive Committee, Chairman of Security Federal Bank and CEO of Security Federal Bank
Beverly Nettles, VP Sec
Lesley Lampert, VP Officer
Anthony Ateca, Chief VP
Michael Strange, Exec Affairs
Roy Lindburg, President, Director, Member of Executive Committee and Director of Security Federal Bank
Philip II, Pres Bank
Audrey Varn, Pres Investments

Security Stock Performance Indicators

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Other Information on Investing in Security Pink Sheet

Security Federal financial ratios help investors to determine whether Security Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Security with respect to the benefits of owning Security Federal security.