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.
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