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First Security Bank of Owensboro, Inc.

Owensboro, KY · Cert 34524

FDIC · 11 branches

Q3 2018

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: Q3 2018, the quarter ended September 30, 2018, 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 of Owensboro, Inc.

Owensboro, KY · Cert 34524

FDIC · 11 branches

Q3 2018

$572.4MAssets
$406.7MLoans
$437.2MDeposits
$59.6MEquity
Loan mix
91%RE $316.7M8%C&I $27.4M1%Consumer $3.7MQ3 2017Q3 2018
Deposit mix
82%Interest-bearing $360.4M18%Noninterest $76.8MQ3 2017Q3 2018

NIM

4.29%Q3 ’163.92%Q3 ’173.87%Q3 ’18-11%-7%

Non-interest income vs. expense

2.91%Q3 ’162.85%Q3 ’172.91%Q3 ’18-2%+9%

Market Position · Owensboro, KY · 2018 SOD (annual) · 5.1% share · #6 of 15 inst. · $0.2B of $3.3B

5.7% Daviess
3.7% Warren
2.4% Vanderburgh
9.1% Simpson

Executive Summary

  • Earnings: ROA of 0.44%, unchanged from a year ago; NIM at 2.96%.
  • Asset quality: problem loans at 1.93% of loans (-43 bps YoY), with net charge-offs at 0.27%.
  • Capital: tier 1 leverage ratio of 9.75%, up 81 bps from a year ago.
  • Funding: loans stand at 93.04% of deposits as of Q3 2018.

Financial Results

Return on Assets (YTD, annualized)

0.44%0 bps YoY

Net Interest Margin (YTD, annualized)

2.96%-23 bps YoY

Efficiency Ratio (YTD, annualized)

82.94%+968 bps YoY

Tier 1 Leverage Ratio

9.75%+81 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2017Q4 2017Q1 2018Q2 2018Q3 2018YoY ΔTrend
Earnings
Return on Assets0.44%0.46%0.59%0.58%0.44%0 bps
Return on Equity4.74%5.00%5.97%5.85%4.36%-38 bps
Net Interest Margin3.19%3.17%2.92%2.96%2.96%-23 bps
Efficiency Ratio73.26%74.39%79.68%77.92%82.94%+968 bps
Non-Interest Burden2.20%2.25%2.27%2.23%2.41%+20 bps
Growth
Asset Growth (YoY)6.09%-6.51%-3.32%-4.05%-4.40%-1,049 bps
Loan Growth (YoY)-5.54%-9.18%-7.81%-3.94%-5.30%+24 bps
Deposit Growth (YoY)1.28%-5.63%-6.94%-10.93%-9.07%-1,034 bps
Asset Quality
Nonperforming Loans / Loans2.36%2.15%2.19%1.93%1.93%-43 bps
Net Charge-Offs / Loans0.35%0.38%0.08%0.35%0.27%-8 bps
Allowance / Loans1.52%1.42%1.41%1.26%1.27%-25 bps
Allowance Coverage of NPLs0.6x0.7x0.6x0.7x0.7x0.0x
Capital
Tier 1 Leverage Ratio8.93%9.06%9.44%9.59%9.75%+81 bps
Total Risk-Based Capital14.51%14.78%15.07%14.98%15.52%+101 bps
Equity / Assets9.61%9.74%9.99%10.14%10.41%+80 bps
Liquidity & Funding
Loans / Deposits89.33%89.52%87.95%93.93%93.04%+370 bps
Liquid Assets / Assets15.78%17.11%17.55%16.52%17.23%+145 bps
CRE / Total Capitaln/an/an/an/an/an/an/a