SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C.  20549

                          SCHEDULE 13G

            Under the Securities Exchange Act of 1934
                       (Amendment No. ___)

                     SECURITY BANCORP, INC.
                     ----------------------
                        (Name of Issuer)

                          Common Stock
            ----------------------------------------
                 (Title of Class of Securities)


                          81377P 10 9
                       -----------------
                         (CUSIP Number)

Check the following box if a fee is being paid with this statement.

                              [ ]

(A fee is not required only if the filing person:  (1) has a previous
statement on file reporting beneficial ownership of more than five percent of
the class of securities described in Item 1; and (2) has filed no amendment
subsequent thereto reporting beneficial ownership of five percent or less of
such class.)  (See Rule 13d-7.)



                                                            Page 2 of 5 Pages

1.   Name of Reporting Person:

     Security Federal Savings Bank of McMinnville, TN Employee Stock Ownership 
    Plan and Trust ("ESOP)


     S.S. or I.R.S. Identification No. of above person:

     62-1682687


2.   Check the appropriate box if a member of a group*

          (a) [X]

          (b) [ ]


3.   SEC USE ONLY


4.   Citizenship or Place of Organization:

     State of Tennessee


Number of Shares Beneficially Owned by Each Reporting Person with:

5.   Sole Voting Power:                                34,914

6.   Shared Voting Power:                                --

7.   Sole Dispositive Power:                           34,914

8.   Shared Dispositive Power:                           --

9.   Aggregate Amount Beneficially Owned by Each Reporting Person:

     34,914


10.  Check Box if the Aggregate Amount in Row (9) excludes Certain Shares*

          


11.  Percent of Class Represented by Amount in Row 9:       8.0%

12.  Type of Reporting Person*:  EP

                        *SEE INSTRUCTION



                                                            Page 3 of 5 Pages

               Securities and Exchange Commission
                     Washington, D.C.  20549


Item 1(a).  Name of Issuer.

     Security Bancorp, Inc.


Item 1(b).  Address of Issuer's Principal Executive Offices.

     306 W. Main Street
     McMinnville, Tennessee  37110


Item 2(a).  Name of Person Filing.

     Security Federal Savings Bank of McMinnville, TN Employee Stock Ownership
Plan and Trust.


Item 2(b).  Address of Principal Business Office.

     Same as Item 1(b).


Item 2(c).  Citizenship.

     See Row 4 of page 2.


Item 2(d).  Title of Class of Securities.

     Common Stock, $.01 par value per share.


Item 2(e).  CUSIP Number.

     See the cover page.


Item 3.     The person filing is an:

     Employee Benefit Plan which is subject to the provisions of the Employee
Income Security Act of 1974, as amended.

     This Schedule 13G is being filed on behalf of the ESOP identified in Item
2(a), which is filing under the Item 3(f) classification.  Exhibit A contains
a disclosure of the voting and dispositive powers over shares of the issuer
held directly by trustees of this plan.  Each trustee of the trust established
pursuant to the ESOP, although filing under the Item 3(h) classification
because of their relationship to the ESOP, disclaims that he is acting in
concert with, or as a member of a group consisting of, the other trustees of
said plan.

                                                            Page 4 of 5 Pages

Item 4.   Ownership.

     (a)  Amount Beneficially Owned:  See Row 9 of the second part of the      
          cover page.

     (b)  Percent of Class:  See Row 11 of the second part of the cover page.

     (c)  See Rows 5, 6, 7, and 8 of the second part of the cover page.


Item 5.   Ownership of Five Percent or Less of A Class.

     If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following:

          [ ]


Item 6.   Ownership of More than Five Percent on Behalf of Another
          Person.

     Pursuant to Section 8.4 of the ESOP plan document, Security
Federal Savings Bank of McMinnville, TN has the power to direct the
persons who receive dividends on shares held in the plan trust.


Item 7.   Identification and Classification of the Subsidiary Which Acquired   
          the Security Being Reported on by the Parent Holding Company.

     Not applicable.


Item 8.   Identification and Classification of Members of the
          Group.

     This Schedule 13G is being filed on behalf of the ESOP identified in Item
2(a), which is filing under the Item 3(f) classification.  Exhibit A contains
a disclosure of the voting and dispositive powers over shares of the issuer
held directly by trustees of this plan.  Each trustee of the trust established
pursuant to the ESOP, although filing under the Item 3(h) classification
because of their relationship to the ESOP, disclaims that he is acting in
concert with, or as a member of a group consisting of, the other trustees of
said plan.


Item 9.   Notice of Dissolution of Group.

     Not applicable.



                                                            Page 5 of 5 Pages

Item 10.  Certification.

     By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect
of changing or influencing the control of the issuer of such securities and
were not acquired in connection with or as a participant in any transaction
having such purpose or effect.


SIGNATURE:

     After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.


SECURITY FEDERAL SAVINGS BANK OF MCMINNVILLE, TN
EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST



By:  /s/ Joe H. Pugh
     ------------------------------------------------
     Security Federal Savings Bank of McMinnville, TN
      as Plan Administrator
     Joe H. Pugh
     President

Date:  January 22, 1998



Exhibit A
- ---------
               Identification of Members of Group
               ----------------------------------

     Shares of common stock of the issuer are held in trust for the benefit of
participating employees by the ESOP Trustees.  The Trustees share voting and
dispositive power with Security Federal Savings Bank of McMinnville, TN.  By
the terms of the ESOP, the Trustees vote stock allocated to participant
accounts as directed by participants.  As of the date of this filing, no
shares have been allocated to participants.  Prior to the initial allocation,
all shares will be voted by the Trustees in their discretion (subject to their
fiduciary responsibilities under the Employee Retirement Income Security Act
of 1974, as amended).  Common stock held by the Trust, but not yet allocated
or as to which participants have not made timely voting directions, is voted
by the Trustees in the same proportion as shares for which directions are
received, subject to their fiduciary responsibilities.  Investment direction
is exercised by the Trustees, subject to their fiduciary responsibilities.

     The Trustees and their beneficial ownership of shares of common stock of
the issuer, exclusive of responsibilities as a Trustee, are as follows (such
ownership being disregarded in reporting the ESOP's ownership within this
Schedule 13G):

                       Direct Beneficial     Beneficial Ownership
      Name                Ownership          As ESOP Participant
      ----                ---------          -------------------

      Joe H. Pugh          15,000                      0

      Robert Newman        15,000                      0

      Don Collette          5,000                      0