FIRST SECURITY BANCORP INC /KY/
8-K, 2000-10-16
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SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549



                                    FORM 8-K

                                 CURRENT REPORT
                         PURSUANT TO SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): October 16, 2000




                          FIRST SECURITY BANCORP, INC.
               (Exact Name of Registrant as Specified in Charter)

        Kentucky                       333-33350                 61-1364206
(State or Other Jurisdiction    (Commission File Number)       (IRS Employer
  of Incorporation)                                          Identification No.)

 400 East Main Street, Lexington, Kentucky                          40507
 (Address of Principal Executive Offices)                         (Zip Code)

 Registrant's telephone number, including area code: (859) 367-3700


                                 Not Applicable
--------------------------------                  ---------------
          (Former Name or Former Address, if Changed Since Last Report)




<PAGE>

Item 5. Other Events

       On October 16, 2000, the Registrant issued a press release announcing its
earnings for the third quarter of 2000. A copy of such press release,  including
unaudited  financial  information  released  as a part  thereof,  is attached as
Exhibit 99(a) to this Current Report on Form 8-K and  incorporated  by reference
herein.

Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits.

       (c)  Exhibits.

          The exhibit listed on the Exhibit Index of this Form 8-K is filed as a
part of this Report.




<PAGE>



                                   SIGNATURES

   Pursuant to the  requirements  of the  Securities  Exchange Act of 1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                          FIRST SECURITY BANCORP, INC.




Date: October 16, 2000                      /s/ John S. Shropshire
                                           ----------------------
                                               John S. Shropshire
                                               President and
                                               Chief Executive Officer
                                               (Principal Executive Officer)

Date: October 16, 2000                      /s/ Ben A. New
                                           ------------------------
                                               Ben A. New
                                               Vice-President; Controller
                                               (Principal Financial and
                                               Accounting Officer)




<PAGE>


                                    EXHIBITS

99(a)         Registrant's October 16, 2000 Press Release regarding earnings for
              the third quarter of 2000.
<PAGE>
                                                                  EXHIBIT 99(a)

            FIRST SECURITY BANCORP, INC. THIRD QUARTER RESULTS


First  Security  Bancorp,  Inc., the parent of First Security Bank of Lexington,
announced its financial  results for the third quarter ended September 30, 2000.
Total assets were $125.3  million,  a 9.0% increase from $115.0  million at June
30,  2000 and up 32.6% from  $94.5  million in total  assets at  year-end  1999.
Deposits  increased 10.5% from $102.7 million at June 30, 2000 to $113.4 million
at September 30, 2000,  and grew 36.0% from $83.4 million at year-end  1999. Net
loans  increased  from  $94.7  million  at June 30,  2000,  to $98.3  million at
September 30, 2000, an increase of 3.8%,  and were up $20.9  million,  or 27.0%,
from $77.4 million in net loans at December 31, 1999.

Net income for the three months ended  September 30, 2000 was $210,000,  or 21.0
cents per share,  compared to a net income of $16,000  (1.6 cents per share) for
the same quarter a year ago. For the nine months ended September 30, 2000, First
Security Bancorp,  Inc. earned $545,000,  or 54.5 cents per share, compared to a
loss of $144,000 (14.4 cents per share) for the nine months ended  September 30,
1999.  Results for the nine months of 2000 were negatively  affected by $141,000
in expenses  attributed to the formation of First Security Bancorp, Inc. earlier
this year in connection  with the bank holding company  reorganization  of First
Security  Bank and the  recent registration  of shares  of our  stock  with the
Securities and Exchange Commission.

First  Security  Bancorp is also  pleased to announce  that will be offering for
sale up to 500,000 new shares of its stock at a price of $16.00 per share.  Each
existing  shareholder  is  entitled  to purchase up to one-half of the number of
shares  currently  owned,  until  October 24, after which the  offering  will be
opened to the public.  The offering  will extend until  November 30,  unless all
shares  are sold  prior  to such  date.  Proceeds  will be used to  support  the
continued growth of First Security Bank and for other corporate purposes.

First Security Bank anticipates  opening its third location at 3616 Walden Drive
(just off Tates Creek Pike) in October.





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