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 Mutual Bancorp/Savings Bank located at 314 4th Street, Logansport, IN 46947 on Wednesday, May 27, 2026, 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, 2026. The purpose of the Annual Meeting is to consider and vote upon the election of Dr. Susan Sciame-Giesecke (2029 Class), Mrs. Connie Shepherd (2029 Class), Mr. Bret Rinehart (2029 Class), Mr. Anthony Newman (2028 Class), and Mr. Jon-Myckle Price (2027 Class) as directors and such other business as may properly come before the Annual Meeting or any adjournment thereof. The Board of Directors is not aware of any other business to come before the Annual Meeting.

Security Federal Savings Bank

IntraFi Network Deposits, formerly ICS and CDARS

With IntraFi® Network DepositsSM, formerly called Insured Cash Sweep® and CDARS®, you can access millions in FDIC insurance for deposits, both large and small, and enjoy the simplicity of banking with just one trusted, local institution. Use IntraFi Network Deposits to conveniently and easily secure funds placed into demand deposit accounts, money market deposit accounts, or CDs.

Rest assured.

Relax knowing that your funds are eligible for multi-million-dollar FDIC insurance, protection that’s backed by the full faith and credit of the United States government.

Save time.

Capitalize on the simplicity of working directly with one bank, and say goodbye to managing multiple bank relationships, tracking collateral, or having uninsured deposits to footnote in financial statements.

Earn a smart return.

Earn interest and avoid the risks associated with prime MMMFs. Rates often compare favorably to Treasuries and government money market mutual funds (MMMFs).

Make communities stronger.

Feel good knowing your deposits can be used to fund lending in the local community or to help underserved communities. 1

When you have deposits at a single bank in a single ownership capacity, then you have access up to $250,000 in FDIC insurance at that bank. By using IntraFi Network Deposits, you can access multi-million-dollar FDIC protection through a single bank relationship.

I'd like to talk to someone about an IntraFi Network Deposits Account.

[1] When deposited funds are exchanged on a dollar-for-dollar basis with other institutions that use IntraFi Network Deposits, your bank can use the full amount of a deposit placed through IntraFi Network Deposits for local lending, satisfying some depositors’ local investment goals or mandates. Alternatively, with a depositor's consent, your bank may choose to receive fee income instead of deposits from other participating institutions. Under these circumstances, deposited funds would not be available for local lending.
Placement of funds through IntraFi Network Deposits is subject to the terms, conditions, and disclosures in the program agreements, including the Deposit Placement Agreement (“DPA”). Limits apply and customer eligibility criteria may apply. Program withdrawals may be limited to six per month for funds placed in MMDAs. Although funds are placed at destination banks in amounts that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”), a depositor’s balances at the relationship institution that places the funds may exceed the SMDIA (e.g., before settlement for a deposit or after settlement for a withdrawal) or be ineligible for FDIC insurance (if the relationship institution is not a bank). As stated in the DPA, the depositor is responsible for making any necessary arrangements to protect such balances consistent with applicable law. If the depositor is subject to restrictions on placement of its funds, the depositor is responsible for determining whether its use of IntraFi Network Deposits satisfies those restrictions. The IntraFi hexagon and Network Deposits are service marks, and IntraFi, the IntraFi Network logo, Insured Cash Sweep, ICS, and CDARS are registered service marks, of IntraFi Network LLC.