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First Security Bank and Trust

Island, KY · Cert 19106

FDIC · 5 branches

Q2 2019

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q2 2019, the quarter ended June 30, 2019, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

First Security Bank and Trust

Island, KY · Cert 19106

FDIC · 5 branches

Q2 2019

$158.8MAssets
$129.8MLoans
$142.7MDeposits
$13.5MEquity
Loan mix
92%RE $106.6M6%C&I $7.0M2%Consumer $2.9MQ2 2018Q2 2019
Deposit mix
86%Interest-bearing $122.1M14%Noninterest $20.5MQ2 2018Q2 2019

NIM

4.46%Q2 ’174.64%Q2 ’184.92%Q2 ’19+1%-2%

Non-interest income vs. expense

3.55%Q2 ’173.21%Q2 ’183.17%Q2 ’19-9%+1%

Market Position · Owensboro, KY · 2019 SOD (annual) · 1.2% share · #13 of 15 inst. · $0.0B of $3.1B

20.8% Muhlenberg
20.8% McLean

Executive Summary

  • Earnings: ROA of 1.26%, down 9 bps year over year; NIM at 3.79%.
  • Asset quality: problem loans at 0.19% of loans (-19 bps YoY), with net charge-offs at 0.04%.
  • Capital: tier 1 leverage ratio of 8.29%, down 9 bps from a year ago.
  • Funding: loans stand at 90.97% of deposits as of Q2 2019.

Financial Results

Return on Assets (YTD, annualized)

1.26%-9 bps YoY

Net Interest Margin (YTD, annualized)

3.79%-9 bps YoY

Efficiency Ratio (YTD, annualized)

70.77%+130 bps YoY

Tier 1 Leverage Ratio

8.29%-9 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2018Q3 2018Q4 2018Q1 2019Q2 2019YoY ΔTrend
Earnings
Return on Assets1.36%1.36%1.37%1.22%1.26%-9 bps
Return on Equity16.64%16.73%16.73%14.85%15.16%-148 bps
Net Interest Margin3.88%3.74%3.76%3.93%3.79%-9 bps
Efficiency Ratio69.47%68.97%68.75%70.81%70.77%+130 bps
Non-Interest Burden2.47%2.36%2.36%2.58%2.48%+1 bps
Growth
Asset Growth (YoY)14.14%11.10%10.15%12.70%6.27%-787 bps
Loan Growth (YoY)14.62%16.84%14.40%15.22%6.92%-770 bps
Deposit Growth (YoY)10.35%12.76%13.40%13.75%9.88%-47 bps
Asset Quality
Nonperforming Loans / Loans0.38%0.37%0.15%0.18%0.19%-19 bps
Net Charge-Offs / Loans-0.02%-0.02%0.00%0.01%0.04%+6 bps
Allowance / Loans1.27%1.26%1.25%1.25%1.26%-1 bps
Allowance Coverage of NPLs3.3x3.4x8.6x6.8x6.6x+3.3x
Capital
Tier 1 Leverage Ratio8.38%8.13%8.46%8.38%8.29%-9 bps
Total Risk-Based Capital12.27%12.09%12.44%12.05%12.45%+18 bps
Equity / Assets8.15%8.13%8.40%8.09%8.48%+32 bps
Liquidity & Funding
Loans / Deposits93.49%90.00%92.04%89.22%90.97%-252 bps
Liquid Assets / Assets12.36%11.95%11.71%10.98%10.90%-146 bps
CRE / Total Capitaln/an/an/an/an/an/an/a