Security Bancorp, Inc. to Repurchase Stock

  
    
  
  
    
      Security Bancorp, Inc. (“Company”) 
      (OTCBB:SCYT) announced today that its Board of Directors has authorized 
      the repurchase of up to $200,000 of its outstanding common stock. The 
      repurchase program will commence on November 13, 2006, subject to market 
      conditions and will end in approximately six months.
    
    
      Repurchases generally will be conducted through open market broker 
      transactions, although unsolicited negotiated transactions or other 
      types of repurchases are possible.
    
    
      At September 30, 2006, Security Bancorp, Inc. had consolidated total 
      assets of $133.9 million and stockholders’ 
      equity of $13.0 million.
    
    
      Safe-Harbor Statement
    
    
      This press release may contain forward-looking statements as defined 
      by the Private Securities Litigation Reform Act of 1995. Any such 
      forward-looking statements are subject to various risks and 
      uncertainties.
    
  
Security Bancorp, Inc. ("Company") (OTCBB:SCYT) announced today
that its Board of Directors has authorized the repurchase of up to
$200,000 of its outstanding common stock. The repurchase program will
commence on November 13, 2006, subject to market conditions and will
end in approximately six months.

   Repurchases generally will be conducted through open market broker
transactions, although unsolicited negotiated transactions or other
types of repurchases are possible.

   At September 30, 2006, Security Bancorp, Inc. had consolidated
total assets of $133.9 million and stockholders' equity of $13.0
million.

   Safe-Harbor Statement

   This press release may contain forward-looking statements as
defined by the Private Securities Litigation Reform Act of 1995. Any
such forward-looking statements are subject to various risks and
uncertainties.