First Security Bancorp (FSLK) 8-K Other events

EXHIBIT 99.1

FIRST SECURITY
BANCORP, INC.

QUARTERLY
FINANCIAL
STATEMENT

June 30, 2004

Net income for the three months ended June 30, 2004 was $203,000, or $0.13 per share (on a diluted basis), compared to $202,000, or $0.14 per share, for the quarter ended June 30, 2003. For the six month period ended June 30, 2004, net income totaled $404,000 as compared to
    Message                  $325,000 for the six month period ended June 30, 2003. The primary reasons for the improved performance
   to the                         were an increase in net interest income, resulting primarily from a decline in interest expense and a reduction
Shareholders       in our provision for loan losses. Offsetting these improvements was a decline in noninterest income attributable primarily to declines on sales of securities and loans. Total assets at June 30, 2004 were $217.2 million. The decline in total assets remains attributable to lower balances in liquid federal funds sold as we continue to strategically reduce the levels of high cost certificates of deposit. The decline in total deposits is fully attributable to the decline in CDs.

Based upon the recent and expected increases in the prime rate, we believe the Bank is positioned to take advantage of those rate increases and that it will be beneficial to our profitability. However, the impact on profitability is subject to a number of factors, including competitive pressures, the extent of interest rate increases, the growth of our loan portfolio, and the impact of costs of deposits and funding sources.

I was very pleased by the strong interest in First Security displayed by our shareholders (in person or by proxy) at the annual meeting held in May. As stated, I believe our long term success is directly related to having great people working in a teamwork environment with a strong client relationship focus seeking win-win solutions. Our shareholders are a vital part of this team. We encourage you to refer your friends and business associates to First Security.

Sincerely,

/s/ Doug Hutcherson

Doug Hutcherson
President & CEO

CONSOLIDATED INCOME STATEMENTS (unaudited)
(in thousands, except per share data)

	6/30/04			12/31/03			6/30/03
Assets
Cash & Due From Banks	$	5,506		$	4,820		$	13,112
Federal Funds Sold		1,570			25,193			7,227
Securities		42,041			38,624			37,606
Loans		159,551			161,519			166,674
Allowance For Loan Losses		(2,298	)		(2,379	)		(2,294	)
Net Loans		157,253			159,140			164,380
Other Assets		10,838			10,481			10,600
Total Assets	$	217,208		$	238,258		$	232,925
Liabilities & Shareholders' Equity
Deposits
Non-interest Bearing	$	23,031		$	24,581		$	21,337
Savings, Money Market & NOW		41,689			41,391			40,861
Certificates of Deposit		108,763			124,668			130,619
Total Deposits		173,483			190,640			192,817
Repurchase Agreements		8,291			8,874			3,699
Other Borrowed Funds		14,389			17,512			16,303
Other Liabilities		1,154			1,120			789
Total Liabilities		197,317			218,146			213,608
Shareholders' Equity		19,891			20,112			19,317
Total Liabilities & Shareholders' Equity	$	217,208		$	238,258		$	232,925

CONSOLIDATED INCOME STATEMENTS (unaudited)
(in thousands, except per share data)

	Three Months Ended 6/30/04     6/30/03				Six Months Ended 6/30/04     6/30/03
Interest Income	$	2,756	$	2,890	$	5,418	$	5,868
Interest Expense		1,108		1,410		2,322		2,908
Net Interest Income		1,648		1,480		3,096		2,960
Loan Loss Provision		50		324		75		469
Net Interest Income After Provision		1,598		1,156		3,021		2,491
Other Income		396		961		911		1,432
Other Expenses		1,698		1,863		3,347		3,542
Provision for Federal Income Tax		93		52		181		56
Net Income (loss)	$	203	$	202	$	404	$	325
Earnings Per Share
Basic	$	.13	$	.14	$	.26	$	.22
Diluted		.13		.13		.26		.21

Where appropriate, some items in the prior financial statements have been reclassified to conform to the current presentation.

SHAREHOLDER INFORMATION

COMMON STOCK INFORMATION

First Security Bancorp, Inc.‘s Common Stock is listed on the Over-the Counter Bulletin Board (OTC-BB) under the symbol “FSLK”. Trading in Common Stock is infrequent. For further information you may contact our market makers, Winebrenner Capital Partners (877-671-0015) or Michael Hedrei of Howe Barnes Investments, Inc. (800-800-4693).

Investor Contact

Sue Ezrine
AVP & Marketing Director
First Security Bancorp, Inc.
318 East Main St.
Lexington, KY 40507
(859) 367-3700

Stock Transfer Agent & Registrar

Registrar & Transfer Company
10 Commerce Drive
Cranford, New Jersey 07016
(800) 866-1340

Directors

Len Aldridge	Ira Mersack, M.D.
Dennis Anderson	Don Poole
Julian Beard	Irving Rosenstein
Harold Campbell	Rob Rosenstein
William Combs, Jr.	Warren Rosenthal
A.F. Dawahare	Sibu Saha, M.D.
Kenneth Gerson, M.D.	Richard Trontz
Tommy Hall	William Vennes
Doug Hutcherson	Kathy Walker
Erle Levy	Woodford Webb
Michael Lischin

Officers

Doug Hutcherson,President & CEO
Don Shannon,Exec. VP & Senior Lending officer
John Sullivan,Exec. VP & CFO
David Chrisman,Senior VP & Chief Credit Officer
Dave Donaldson,Senior VP, Head of Marketing & Retail
           Banking
Brady Ratliff,First VP & President, FS Mortgage
Jack Witt, Jr.,First VP
Rick Browning, VP, Commercial Lending
Linda Critchfield,VP & Head of Operations
Keith Preston,VP & Retail Sales Manager
Donna Collins,AVP &Bank Operations Manager
Sue Ezrine,AVP & Marketing Director
Tamara Jarvis,AVP & Manager, Main Office
Betty Lathram,AVP & Loan Support Manager
Kim Noble,AVP & Manager, Southland
Victor Rowe,AVP & Manager, Palomar
Jennie Scott,AVP
Sallylyn Williams,AVP & Human Resources Officer
Mike Carpenter, Commercial Lending Officer

First Security Bancorp
859-367-3700
fsbank@myfsb.net•www.myfsb.net
Downtown-Southland-Tates Creek-Palomar

Member FDI      [GRAPHIC OMITTED]Equal Housing Lender