SECURITY FEDERAL CORP

As of December 31, 2023, we owned the buildings and land for 12 of our branch offices and our operations center, leased the land and owned improvements for one office, and leased five other offices, including our main office. The Ridge Spring branch is owned by the Town of Ridge Spring, with some capital improvements made by Security Federal. Additionally, we own three other properties: one lot originally purchased for a future branch site and another for a new Operations Center, currently for sale, and a property consisting of land and a building that is located adjacent to our 1705 Whiskey Road office that is currently leased. We also rent and sublease the building at 234 Richland Avenue, which is adjacent to our main office. See "Note 5 - Premises and Equipment, Net and Leases" of the Notes to Consolidated Financial Statements contained in “Item 8. Financial Statements and Supplementary Data” of this 2023 Form 10-K.