First Security Group, Inc. (FSGI)

[56Chevy]

re: TARP

First Security Group, Inc.

Chattanooga, TN
Total TARP funds owed: $33,000,000
$33,000,000 on Jan. 9, 2009

http://banktracker.investigativereportingworkshop.org/tarp/tennessee/chattanooga/first-security-group-inc/


Line item --------- March 31, 2012------- March 31, 2013

Assets-------------- $1,129,982,000 ------ $1,041,526,000

Deposits------------ $1,041,526,000 -------- $991,727,000

Loans----------------- $584,925,000 -------- $530,496,000

Loan loss provision----- $1,801,000 ------------ $678,000

Profit------------------ $-5,510,000 ---------- $-7,199,000

Capital----------------- $57,710,000 ---------- $19,932,000

Reserves--------------- $18,990,000 ---------- $13,500,000

Other real estate owned -- $24,716,000 --- $12,706,000

Capital plus reserves ----- $76,700,000 ----- $33,432,000

Total troubled assets ------ $71,553,000 ---- $24,169,000

http://banktracker.investigativereportingworkshop.org/banks/tennessee/chattanooga/fsgbank-national-association/

*The bank is still losing money as of the 1st qtr however they've really knocked down their OREO & NPA's.