FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Harmon Richard T

2. Date of Event Requiring Statement (MM/DD/YYYY)
1/17/2013 

3. Issuer Name and Ticker or Trading Symbol

SECURITY FEDERAL CORP [SFDL]

(Last)        (First)        (Middle)

238 RICHLAND AVENUE WEST

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                            _____ 10% Owner
___ X ___ Officer (give title below)          _____ Other (specify below)
Exec. VP and CLO of the Bank /

(Street)

AIKEN, SC 29801       

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed (MM/DD/YYYY)

 

6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person


Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4) 		2. Amount of Securities Beneficially Owned
(Instr. 4) 		3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5) 		4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock, par value $0.01 per share   74   D    
Common Stock, par value $0.01 per share   200   I   By IRA  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4) 		2. Date Exercisable and Expiration Date
(MM/DD/YYYY) 		3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4) 		4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5) 		6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
8% Convertible Senior Debentures   (1)   (2) 12/1/2029   Common Stock   3750   $20   I   By IRA  
Stock Option     (3) 10/1/2017   Common Stock   2000   $24.28   D    

Explanation of Responses:
( 1)  On December 1, 2009, the Reporting Person participated in the offering of Issuer's 8% Convertible Senior Debentures. The transaction was disclosed by the Issuer on a Current Report filed on Form 8-K with the SEC on December 4, 2009.
( 2)  The debentures are convertible into the Issuer's common stock at any time prior to the December 1, 2029 maturity date, unless previously redeemed pursuant to the terms of the indenture.
( 3)  Represents award of stock options under the 1999 Stock Option Plan, which vest in equal installments over a five year period beginning on October 1, 2012.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Harmon Richard T
238 RICHLAND AVENUE WEST
AIKEN, SC 29801 		X
Exec. VP and CLO of the Bank

Signatures
/s/Beverly S. Nettles, Attorney-in-Fact 1/22/2013
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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