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NOTICE - ANNUAL MEETING OF MEMBERS

Notice is hereby given that the Annual Meeting of Members (the “Annual Meeting”) of Security Federal Mutual Bancorp (the “MHC”) will be held at the office of Security Federal Savings Bank located at 314 Fourth Street on Wednesday, May 15, 2024, at 1:00 p.m. Eastern Time, and at any adjournment thereof. The record date for members eligible to participate in the Annual Meeting is March 31, 2024. The purpose of the Annual Meeting is to consider and vote upon the election of Mr. Jeff Baker, Mrs. Annette Russel, and Mr. Scot Ortman as directors and such other business as may properly come before the Annual Meeting or any adjournment thereof.

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