Owensboro-based First Security Inc., the holding company for First Security Bank, announced last week its earnings grew in the second quarter.
The company earned $597,000, up 4 percent from $572,000 in the same quarter of 2011. Company leaders said in a statement that the amount of loans increased 5 percent compared to a year earlier, while deposits jumped 16 percent.
The company also noted it has acquired a location in Newburgh, Ind., that it expects to open in September. An additional four branches in Louisville are in the process of being acquired in a deal that's expected to close later this year.
The company also has branches in Bowling Green, Franklin, Lexington and Owensboro, as well as in Evansville, Ind.