# FIRST SECURITY BANK
OWENSBORO, KY · FDIC certificate 34524 · asset band $300M-1B · latest filing 2018-09 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 6 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $572.4M | |
| Deposits | $437.2M | |
| Loans and leases | $406.7M | |
| Total equity | $59.6M | |
| Loans / deposits | 91.86% (p65 of band) | 86.40% |
| Liquid assets / assets | 23.31% (p54 of band) | |
| Uninsured deposits / deposits | 13.13% (p16 of band) | 21.53% |
| Brokered deposits | 6.74% | |
| Wholesale funding | 19.52% (p92 of band) | |
| FHLB advances / assets | 12.23% | |
| Tier 1 leverage | 9.75% (p34 of band) | 10.49% |
| Unrealized securities loss / equity | -7.95% (p17 of band) | -3.26% |
| AOCI / equity | -1.03% (p67 of band) | |
| ROA (annualized) | 0.44% (p7 of band) | 1.12% |
| Net interest margin | 3.14% (p14 of band) | 3.75% |
| Efficiency ratio | 82.94% (p92 of band) | |
| Noncurrent loans | 1.93% (p90 of band) | 0.51% |
| Net charge-offs (annualized) | 0.19% (p89 of band) | |
| Reserve coverage of noncurrent | 65.52% | |
| Real estate % of loans | 92% | |
| Construction % of loans | 50.94% (p59 of band) | |
| Auto loans | $2.0M (0.49% of loans; DQ 1.76%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p44 of band) | |
| Deposits YoY | -9.1% | |
| Employees | 108 | |

## Flags firing in the latest filing

- **wholesale funding >15%** (`liq_wholesale`)
- **expense ratio p90** (`earn_efficiency`)
- **noncurrent p90** (`aq_noncurrent`)
- **reserve under noncurrent** (`aq_reserve`)
- **deposits shrinking** (`shrink_deposits`)
- **uninsured deposits leaving** (`flight_uninsured`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 0 |  | reserve under noncurrent |
| 2011-09 | 1 | reserve under noncurrent |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 1 |  |  |
| 2012-06 | 2 | capital falling |  |
| 2012-09 | 2 |  |  |
| 2012-12 | 2 |  |  |
| 2013-03 | 2 |  |  |
| 2013-06 | 2 |  |  |
| 2013-09 | 2 |  |  |
| 2013-12 | 1 |  | reserve under noncurrent |
| 2014-03 | 0 |  | capital falling |
| 2014-06 | 0 |  |  |
| 2014-09 | 1 | capital falling |  |
| 2014-12 | 1 | loans exceed deposits | capital falling |
| 2015-03 | 1 |  |  |
| 2015-06 | 1 |  |  |
| 2015-09 | 1 |  |  |
| 2015-12 | 1 |  |  |
| 2016-03 | 2 | charge-offs p90 |  |
| 2016-06 | 1 |  | loans exceed deposits |
| 2016-09 | 1 |  |  |
| 2016-12 | 3 | wholesale funding >15%, noncurrent p90, reserve under noncurrent | charge-offs p90 |
| 2017-03 | 2 |  | wholesale funding >15% |
| 2017-06 | 2 |  |  |
| 2017-09 | 3 | charge-offs p90 |  |
| 2017-12 | 6 | wholesale funding >15%, deposits shrinking, assets shrinking |  |
| 2018-03 | 4 | uninsured deposits leaving | charge-offs p90, wholesale funding >15%, assets shrinking |
| 2018-06 | 6 | wholesale funding >15%, charge-offs p90 |  |
| 2018-09 | 6 | expense ratio p90 | charge-offs p90 |

## In the news (Google News, unfiltered, newest first; check the city)

- 2018-10-15 [German American Bancorp completes acquisition of First Security Bank - The Lane Report](https://news.google.com/rss/articles/CBMisAFBVV95cUxNLVFYcGhuNjBYSHJCMF9kckUwU3FrTzlFUVRpbnVBUmpjX3hBRGpFTkZ4Tld1U1oyUEpQakQycE5HdUQwVDIyMnBick5TTWh1bkdzbTdFTTMtUjZTRDJsaW9GTHpKdDFjMGMzYjBZUldYWnpCdXctNGYybWg2VmwxVXh6S1c3cmhZN3RrM0lIa3oyWWZVeE00NV9NRC1vaU1VXzNhWXN0UmkyTDF2bzRmUQ?oc=5) · The Lane Report
- 2018-05-23 [German American to enter three Ky. markets with First Security deal - American Banker](https://news.google.com/rss/articles/CBMipAFBVV95cUxPVkdoVEpja1NzV2NFT2phUHRtdW9uWlRoNFQxaGpiRzhkaXNvTTlsRkJlUGJnWE0yRE5oa2tKcE9mOTBWUnNvWDdza3FoT2J6dEdfc0hCWV9EMmdJNlZ4MnBkR3NUeDFfUHJtdkNMZURvZnNnQlNIaXNBOEMxU012ZWctblBJWi0ySHVCanphVXNmTndxa3ZWTXV3Yjg5M2pNakhUSw?oc=5) · American Banker
- 2018-05-28 [German American, Kentucky-based bank announce merger - Courier & Press](https://news.google.com/rss/articles/CBMivgFBVV95cUxQZEhwS2pqQVQ0VkFwUUtWZHBHbXhhanRyOF9sN0Fuc1JSN2dfcGk2QzRJMzI2eXJyRVdsNW1LdzY0TkhzRUhuQ2xfdjE2WVA1TUdwWTFiWlFORmpqclZSOGlzY2NmNWwxMTZBVTY3MjFlaUQ1Y24ycGRlalh5X1RwS1ppYlJnblphWmk3QkVTdUhERkhDRHNidF9EZ1dKczZMREYweFNmWGljZEp4NmhGQV95cUFlUnpYVXFSOUxB?oc=5) · Courier & Press
- 2013-06-04 [The Changing Face of Local Banking - Evansville Living Magazine](https://news.google.com/rss/articles/CBMid0FVX3lxTE1IclJkX0ppdE5zNm9UNDF3VGI3eEMwYzFBX0JDX3lSSWI0NTZCUTlWOHQ1S1RTaXBGUTZxX0dkTzAzZTBvU3VLc1BocmNYZjh6V1R3MVBYa09GTmNSQjhPLWRZR2Nqc0lsNlNjdTJPV2lZem1UYzJn?oc=5) · Evansville Living Magazine
- 2020-07-01 [Black-Owned Banks by State - Investopedia](https://news.google.com/rss/articles/CBMicEFVX3lxTFB5NHlXMVFqNU0wTjdESlM2b0g4OGp5ODQ0cTNtOW83eFBEMTBWbl9kUUp4VTNHX3plLVBlS3J1X3VNMGdhcDVaajZrZTJlX3RuS3FPNjJHWkNBSlRxbExsUFVlbUJfTjhZa3B3TS02Q2M?oc=5) · Investopedia
- 2025-02-24 [Obituary information for Nancy Lou Rankin - Tucker, Yocum & Wilson Funeral Home](https://news.google.com/rss/articles/CBMigAFBVV95cUxNLUI2Q05NaFFjNUUzNWFUd2NONWdYYl84b1d0LW1JYmh3dFpqRzRoRHI2VW9aWDNPbThaV0k1XzRSZUpoTHRlaENyVHQ5Z1RjWmRfNk40VjZzbElKWU4yUjZ5ZENaSkVIcC1Sb0d3YWJzUGVqbFNjUTV4R3dpanduQg?oc=5) · Tucker, Yocum & Wilson Funeral Home
- 2018-10-16 [German American site would complete transformation of downtown block - thegleaner.com](https://news.google.com/rss/articles/CBMiyAFBVV95cUxNV0FDaEk2R2kwdDBCQW5ZcS10a1pCNmRVR1lLR0MwMmdsdzBSc25ydzQwWkQtWmM1NEpfMkhSdEdLc1lNX3NiU2Y3UVJtaTBsMVdkMENnY19GaV9kSW1YRDdaaU0ybTc5UFVvVWtLNWt2MXhOaHNPRGwwTlNoSWlIYzRvdE1kQ0l3eFljOGRaakVpUnI4X1UzbDZmSUpVMWp6R3FMeWVfbGxFTGEtM25MZEdrRWxuekNOb2NPWV9XRUYyeXFrY2Fidw?oc=5) · thegleaner.com
- 2025-07-24 [First united Bancorp names 3 to board of directors - the-messenger.com](https://news.google.com/rss/articles/CBMirAFBVV95cUxPeGxTSEU0Z0V6UWhYOWFIaGxhWWgyY0dqRU5ZNlFCTzFLNHF0SUoyc2FOdl9vU203dkZUT3k2cTRHbE1xeHhFZnJGRzRFN1NUSy0xcU11Zi1lUGJ5R2xhSE8ydVlOVk9YSWZQNjlhTk01bWhCeGhwcEo2RjVZbTlrMXBhSHB4MjVxVVZkbG12RlVRTnR6U1l5UlhVTkJJOTYyTzRYRkZ0WmZWVXFa?oc=5) · the-messenger.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=34524 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/28.json (key "34524", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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