Security Bancorp, Inc. Announces Cash Dividend.MCMINNVILLE, Tenn. -- Security Bancorp, Inc. (OTCBB OTCBBSee OTC Bulletin Board (OTCBB). :SCYT.OB) announced that at its Board of Directors meeting on May 18, 2006 the Corporation's Board of Directors declared an annual cash dividend of $0.75 per share on the Corporation's outstanding common stock. This dividend is an increase of $0.15 per share from the cash dividend paid last year of $0.60 per share. The cash dividend will be payable on July 1, 2006 to shareholders of record as of the close of business on June 1, 2006. Security Bancorp, Inc. is the holding company for Security Federal Savings Bank Noun 1. federal savings bank - a federally chartered savings bank FSB savings bank - a thrift institution in the northeastern United States; since deregulation in the 1980s they offer services competitive with many commercial banks of McMinnville, TN, a federally chartered savings bank savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its depositors in the form of interest. headquartered in McMinnville, Tennessee. At March 31, 2006, the Corporation had total assets of $141.6 million and stockholders' equity Stockholders' Equity The portion of the balance sheet that includes capital received from investors in exchange for stock (paid-in capital), donated capital, and retained earnings. This is equal to total assets minus liabilities, preferred stock and intangible assets. of $12.3 million. |
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