First Security Bank (AR) is headquartered in Searcy and is the 5th largest bank in the state of Arkansas. It is also the 202nd largest bank in the nation. It was established in 1932 and as of December of 2017, it had grown to 830 employees at 80 locations. First Security Bank (AR) has an A+ health rating.
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.
I have a checking account with First Security, a regional bank that has many locations spread throughout the state of Arkansas. I've had this account for about a decade; fees associated with it are typical when compared to similar local checking accounts, and the interest rates are fairly minimal. My experience with First Security has been generally good. Their phone customer service line has solid hours and low wait times; one of my issues with my statement was resolved over the line in under three minutes. Their other offerings in terms of accounts and investments tend to be fairly mediocre.
The only unfortunate quality that First Security has is their online account features. Their website is somewhat slow to use, and their Android application feels like a slower version of their website. Other local banks offer more tracking of accounts online than they do, as well. While First Security is a good bank overall don't use them if you highly value the online experience.
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 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.
|FDIC Certificate #||5633|
|Return on Assets - YTD||2.34%|
|Return on Equity - YTD||14.15%|
|Annual Interest Income||$208.8MM|
|Assets and Liabilities|
|Assets||Q4 2017vs Q4 2016||$5.35B$5.22B|
|Loans||Q4 2017vs Q4 2016||$2.37B$2.07B|
|Deposits||Q4 2017vs Q4 2016||$3.95B$3.80B|
|Equity Capital||Q4 2017vs Q4 2016||$957.6MM$811.8MM|
|Loan Loss Allowance||Q4 2017vs Q4 2016||$66.5MM$63.0MM|
|Unbacked Noncurrent Loans||Q4 2017vs Q4 2016||$4.9MM$9.7MM|
|Real Estate Owned||Q4 2017vs Q4 2016||$6.5MM$7.2MM|
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