First FSB of Kentucky
Frankfort, Kentucky · FDIC Cert #29937
This is the FDIC profile for First FSB of Kentucky, an FDIC-insured bank (Certificate #29937) with $287M in total assets and $204M in total deposits per its most recent FDIC Call Report filing (Q2 2024). Headquartered in Frankfort, Kentucky, the bank maintains a Tier 1 capital ratio of 10.22% (Well-Capitalized) and a nonperforming loan ratio of 1.10%. BankHealthData assigns a composite Health Grade of D (49/100) based on quarterly FDIC filings. All deposits up to $250,000 per depositor per ownership category are FDIC insured.
First FSB of Kentucky (FDIC cert 29937) is a community bank — $287M in total assets, $204M in deposits, serving the Frankfort, Kentucky area. Community banks make up the largest share of U.S. banks by count but a much smaller share by assets.
Capital position is adequate: Tier 1 capital ratio of 10.22% meets the 8% well-capitalized threshold but does not provide substantial buffer above it. Adequate capital is regulatory-acceptable but leaves less room for absorbing unexpected losses. Asset quality is normal: non-performing loan ratio of 1.10% sits in the typical 0.5-2% range for healthy U.S. banks. Some NPL is unavoidable in any meaningful lending portfolio. Liquidity is thin: 8.0% liquid-asset ratio. Banks with thin liquidity buffers can face stress during deposit-outflow events or asset-quality shocks.
Profitability is negative: ROA of -0.68% means the bank lost money during the reporting period. Sustained negative ROA erodes capital and triggers escalating regulatory attention. Health-score trend is mildly negative across recent quarters. Mild declines can reflect either specific quarterly events (large one-time provisions, deposit shifts) or the early stages of broader pressure. First FSB of Kentucky carries a composite BankHealth grade of D (49/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: First FSB of Kentucky
- Total Assets
- $287M
- Total Deposits
- $204M
- Tier 1 Capital Ratio
- 10.22%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 1.10%
- Liquidity Ratio
- 8.00%
- Return on Assets
- -0.68%
- Headquarters
- Frankfort, Kentucky
- FDIC Certificate
- #29937
- Health Grade
- D (49/100)
- Latest Call Report
- Q2 2024
FDIC Filings & Call Report Data
First FSB of Kentucky files quarterly Call Reports with the FDIC under Certificate #29937. The figures on this page reflect the Q2 2024 Call Report, which is the most recent FDIC filing currently available. Historical filings and Uniform Bank Performance Reports (UBPR) are accessible directly from the FDIC BankFind directory and the FFIEC Central Data Repository.
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Capital & Safety Analysis
According to FDIC financial data, First FSB of Kentucky holds a Tier 1 capital ratio of 10.22%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning First FSB of Kentucky has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
First FSB of Kentucky shows some financial weakness with a Health Score of 49/100. This does not mean the bank will fail, but some financial indicators are below average. Your FDIC-insured deposits (up to $250,000) are fully protected by the US government.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How First FSB of Kentucky Compares
First FSB of Kentucky’s Health Score of 49 is 32 points below the Kentucky state average of 81 across 103 FDIC-insured banks. Its 10.22% Tier 1 capital ratio is 3.8 points below the US banking industry average near 14%. The 1.10% nonperforming loan ratio is higher than the industry norm (~0.8%), indicating more credit stress than peers. Return on assets of -0.68% is below the national ROA benchmark of ~1.1%. Among 1594 similarly-sized banks, the average Health Score is 81, meaning this bank ranks below its size cohort. Site-wide, First FSB of Kentucky is 31 points below the portfolio average of 80.
Frequently Asked Questions
First FSB of Kentucky has a Bank Health Score of D (49/100), placing it showing signs of financial stress. It holds a Tier 1 capital ratio of 10.22%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. First FSB of Kentucky's Tier 1 capital ratio of 10.22% and nonperforming loan ratio of 1.10% indicate an elevated risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at First FSB of Kentucky is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #29937). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
First FSB of Kentucky holds $287M in total assets and $204M in total deposits. It is headquartered in Frankfort, Kentucky (FDIC Certificate #29937).
First FSB of Kentucky's FDIC filings — including quarterly Call Reports and Uniform Bank Performance Reports — are filed under FDIC Certificate #29937 and available through the FDIC BankFind directory and the FFIEC Central Data Repository. The data on this page reflects the Q2 2024 Call Report.
First FSB of Kentucky has a Tier 1 capital ratio of 10.22%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 1.10%, and the return on assets is -0.68%.
Yes. First FSB of Kentucky is FDIC-insured (Certificate #29937). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An D grade on our Bank Health Score means 40-54/100 — multiple metrics showing stress; worth monitoring. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
First FSB of Kentucky shows financial stress on one or more metrics. While insured deposits remain protected up to $250K per depositor per ownership category, depositors with higher balances may want to spread funds across additional FDIC-insured institutions. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.