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313 Frederica Street
Owensboro, KY 42301

First Security Bank (KY) is headquartered in Owensboro and is the 27th largest bank in the state of Kentucky. It is also the 1,384th largest bank in the nation. It was established in 1997 and as of March of 2014, it had grown to 134 employees at 12 locations. First Security Bank (KY) has a A+ health rating.

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Rewards Account Changing As Of March 1, 13

Rewards Checking is changing terms on March 1.  Cap is decreasing to $15K. Interest Rate increasing to 2.5 APY.  Number of debit card swipes increasing from 10 to 12.  Other terms staying the same according to CSR.  Thanks.


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 First Security Bank (KY) had $3.54 million in non-current loans and owned real-estate with $46.91 million in equity and loan loss allowances on hand to cover it. This gives First Security Bank (KY) a Texas Ratio of 7.55% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for First Security Bank (KY) decreased dramatically from 13.83% as of March 31, 2013 to 7.55% as of March 31, 2014, resulting in a positive change of 45.43%.This indicates that the balance sheet and financial strength for First Security Bank (KY) has improved dramatically in recent periods.

Deposit Growth


In the past year, First Security Bank (KY) has increased its total deposits by $39.37 million, resulting in 10.54% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth First Security Bank (KY) has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. First Security Bank (KY) has $486.74 million in assets with $46.91 million in equity, resulting in a capitalization level of 9.64%, which is above average.

Institution Statistics

FDIC Certificate #34524
Year Established1997
Primary RegulatorFDIC
Assets and Liabilities
Assets$486.74 million
Loans$379.29 million
Deposits$412.84 million
Equity Capital$43.01 million
Loan Loss Allowance$3.91 million
Unbacked Noncurrent Loans$3.20 million
Real Estate Owned$342,000
Historic Data - March 2013
Assets$439.29 million
Equity Capital$41.15 million
Loan Loss Allowance$3.23 million
Unbacked Noncurrent Loans$3.20 million
Real Estate Owned$377,000
Profit Margin - Quarterly
Return on Assets0.48%
Return on Equity5.52%
Interest Income$5.04 million
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First Security Bank (KY) Checking Account Rates

2.50%-$15kFREE eXtreme Checking - Qualifying
0.05%--FREE eXtreme Checking - Non Qualifying

First Security Bank (KY) has 12 locations. Click to view all First Security Bank (KY) locations.