First Security Bank (AR)
First Security Bank (AR) is headquartered in Searcy and is the 5th largest bank in the state of Arkansas. It is also the 200th largest bank in the nation. It was established in 1932 and as of June of 2017, it had grown to 845 employees at 79 locations. First Security Bank (AR) has an A+ health rating.
Outstanding Bank Experience
I have had experience with several banks in my home town and area, however First Security Bank (unique to Arkansas) is one of the most pleasant, professional banks I have ever dealt with in my life. I currently have a free checking account with this company and I could not be happier with it. I am very pleased that here are no fees whatsoever associated with my account. I have only done business inside on a couple of occasions and was greeted with friendliness and professionalism each time. Most other times I make deposits or withdrawals at the drive-through window. No place is perfect, however I have never had a negative experience at First Security Bank. I can't speak to other areas of business such as Savings or IRAs, but the checking account experiences I have had I would recommend to anyone. It would be great if this company went national as courteous and professional as each employee has been every time I have done business there.
First Security Bank-Arkansas Outperforms The Rest
I have used several banks, and still do, however First Security Bank right here in Arkansas seems to really stand out among the others I have experience in using. One stand-out feature offered by First Security Bank is their free checking. Although many banks offer free checking accounts these days, First Security Bank was the first bank I learned about that offered this service. The staff always greets you with a smile and act very friendly. In the event that you must wait in line (which is rare) the staff completes your request in a timely manner. Moreover, First Security Bank gave me my very first home loan. This truly made a dream come true for my wife and I. First Security Bank has a special place in our hearts and I would recommend this bank to anyone.
Horrible Bank!
Horrible experience! "Bank error" repeatedly botched auto debit (ach) payment. My tenant had double payments removed from her account THREE times. Funds deposited in wrong account on one occasion. FSB said they couldn't tell what went wrong every time. No accountability and no apology. Incompetent! I will be closing my accounts.
Data as of Q2 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 5633 |
| Year Established | 1932 |
| Employees | 845 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.86% |
| Return on Equity - YTD | 11.65% |
| Annual Interest Income | $103.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2017vs Q2 2016 | $5.38B$5.12B |
| Loans | Q2 2017vs Q2 2016 | $2.22B$2.05B |
| Deposits | Q2 2017vs Q2 2016 | $3.92B$3.62B |
| Equity Capital | Q2 2017vs Q2 2016 | $894.5MM$849.2MM |
| Loan Loss Allowance | Q2 2017vs Q2 2016 | $63.9MM$60.7MM |
| Unbacked Noncurrent Loans | Q2 2017vs Q2 2016 | $13.2MM$12.3MM |
| Real Estate Owned | Q2 2017vs Q2 2016 | $6.9MM$7.7MM |
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