FSGBANK, National Association in Chattanooga, Tennessee (TN), GA
Overview, Financial Summary, Detailed Financial Reports, Branches


FSGBANK, National Association - Overview

  • General
  • FDIC Certificate #: 35525
    Status: Active
    Federal Reserve ID: 2920737
    Bank Holding Company (Regulatory Top Holder): First Security Group, Inc. (RSSDID: 2836801, Location: Chattanooga, TN)
    Date Established: June 26, 2000
    WWW: http://www.fsgbank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 30 (Domestic: 30, Interstate: Yes)
    FDIC's unique #: 81319
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: June 26, 2000
    Last Structure Change Effective Date: December 11, 2006
    Last Structure Change Process Date: October 03, 2007
    Last Data Update: October 03, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 531 Broad Street, Chattanooga, TN 37402
    County: Hamilton
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Knoxville
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Chattanooga, TN-GA (#1560)
    Combined Statistical Area (CSA): Chattanooga-Cleveland-Athens, TN-GA (#174)
    Core Based Statistical Area (CBSA): Chattanooga, TN-GA (#16860)
    CBSA Metro Statistical Area: Chattanooga, TN-GA (#16860)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $1,111.8 mil
    Equity capital: $69.5 mil
    Deposits held in domestic offices: $1,020.8 mil
    Return on assets (ROA): -1.87% (-$20.8 mil)
    Quarterly return on assets: -2.44% (-$27.1 mil)
    Return on Equity (ROE): -25.77% (-$17.8 mil)
    Quarterly return on equity: -37.24% (-$25.7 mil)
    Net income: -$21.1 mil
    Quarterly Net income: -$6.8 mil
    Pretax return on assets: -1.89% (-$21,013.4 mil)
    Quarterly Pretax return on assets: -2.59% (-$28,796.1 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 300Total employees (full-time equivalent)
  • $1,111,820Total assets
  • $258,181Cash and due from depository institutions
  • $249,297Interest-bearing balances
  • $193,041Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $564,897Net loans & leases
  • $19,600Loan loss allowance
  • $0Trading account assets
  • $28,672Bank premises and fixed assets
  • $25,141Other real estate owned
  • $982Goodwill and other intangibles
  • $1,111,820Life insurance assets
  • $40,906All other assets
  • $1,042,370Total liabilities and capital
  • $1,020,786Total liabilities
  • $859,687Total deposits
  • $1,020,786Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 14520.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $58Trading liabilities
  • $0Other borrowed funds
  • $7,006Subordinated debt
  • $69,450All other liabilities
  • $69,450Total equity capital
  • $69,450Total bank equity capital
  • $0Perpetual preferred stock
  • $20,623Common stock
  • $118,567Surplus
  • $-69,740Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $2,233Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $49,729Income earned, not collected on loans
  • $0Earning assets
  • $2,798Long-term assets (5+ years)
  • $1,007,235Average Assets, year-to-date
  • $150,226Average Assets, quarterly
  • $1,124,347Volatile liabilities
  • $1,116,851Insider loans
  • $654,181FHLB advances
  • $1,119,675Loans and leases held for sale
  • $26,722Unused loan commitments
  • $26,722Tier 1 (core) risk-based capital
  • $64,785Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $108,335Restructured Loans and leases
  • $518Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $43,076Total interest income
  • $15,005Total interest expense
  • $28,071Net interest income
  • $10,920Provision for loan and lease losses
  • $6,968Total noninterest income
  • $735Fiduciary activities
  • $3,123Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,110Additional noninterest income
  • $45,395Total noninterest expense
  • $11,523Salaries and employee benefits
  • $4,411Premises and equipment expense
  • $29,461Additional noninterest expense
  • -$21,276Pre-tax net operating income
  • $0Securities gains (losses)
  • -$209Applicable income taxes
  • -$21,067Income before extraordinary items
  • $0Extraordinary gains - net
  • -$21,067Net income attributable to bank
  • $0Net charge-offs
  • -$21,067Cash dividends
  • $15,320Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.25%Yield on earning assets
  • 1.48%Cost of funding earning assets
  • 2.77%Net interest margin
  • 0.69%Noninterest income to earning assets
  • 4.48%Noninterest expense to earning assets
  • -1.87%Net operating income to assets
  • -1.87%Return on assets (ROA)
  • -1.89%Pretax return on assets
  • -25.77%Return on equity (ROE)
  • -25.77%Retained earnings to average equity (YTD only)
  • 2.36%Net charge-offs to loans
  • 71.28%Credit loss provision to net charge-offs
  • -0.68%Efficiency ratio
  • 128,160Assets per employee
  • 3.71%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.35%Loss allowance to noncurrent loans
  • 39.41%Noncurrent assets plus other real estate owned to assets
  • 6.73%Noncurrent loans to loans
  • 8.51%Net loans and leases to deposits
  • 55.34%Net loans and leases to core deposits
  • 74.57%Equity capital to assets
  • 6.25%Core capital (leverage) ratio
  • 5.79%Tier 1 risk-based capital ratio
  • 9.90%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $1,124,347Average earning assets
  • $81,758Average equity
  • $1,014,403Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $68,340Managed Assets
  • 1Number of Accounts
  • $48,231Personal trust and agency accounts
  • $27,797Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $5,025Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $12,286Other fiduciary accounts
  • $3,123Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 218Number of Accounts
  • $0Personal trust and agency accounts
  • $5,025Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $20,109Other retirement accounts
  • $12,043Corporate trust and agency accounts
  • $6,655Other fiduciary accounts
  • $1,411Fiduciary accounts held in foreign offices

List of branches

  • 6 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    1377228Thornton Ave Branch401 South Thornton Avenue, Dalton, GA 30720September 16, 1999Full Service Brick and Mortar
    14289194Glenwood Ave Branch1237 North Glenwood Ave, Dalton, GA 30721October 01, 1996Full Service Brick and Mortar
    1657088Walnut Ave Branch2918 East Walnut Avenue, Dalton, GA 30721November 25, 1996Full Service Brick and Mortar
    17360762Bryman's Plaza Branch715 South Thorton Avenue, Dalton, GA 30720Febuary 05, 2001Full Service Brick and Mortar
    18422580Ringgold Branch35 Popular Springs Road, Ringgold, GA 30736July 14, 2003Full Service Brick and Mortar
    39448887Varnell Branch3895 Cleveland Road, Dalton, GA 30720November 07, 2005Full Service Brick and Mortar
  • 24 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    081319Fsgbank, National Association531 Broad Street, Chattanooga, TN 37402June 26, 2000Full Service Brick and Mortar
    2359585Sweetwater Hwy 68 Branch761 New Highway 68, Sweetwater, TN 37874July 20, 2000Full Service Brick and Mortar
    3359586Athens Branch835 South Congress Parkway, Athens, TN 37303November 06, 2000Full Service Brick and Mortar
    4360049Highway 58 Branch4535 Highway 58, Chattanooga, TN 37416May 07, 2001Full Service Brick and Mortar
    5360396Signal Mountain Branch820 Ridgeway Avenue, Signal Mountain, TN 37377May 29, 2001Full Service Brick and Mortar
    6361517Gunbarrel Road Branch1740 Gunbarrel Road, Chattanooga, TN 37421July 03, 2000Full Service Brick and Mortar
    7361518East Ridge Branch4227 Ringgold Road, Chattanooga, TN 37412July 28, 2000Full Service Brick and Mortar
    10362431Chattanooga Branch1301 Cowart Street, Chattanooga, TN 37402October 22, 2001Limited Service Facility
    12419847Ooltewah Branch9217 Lee Hwy, Ooltewah, TN 37363July 08, 2002Full Service Brick and Mortar
    1914823Maynardville Branch2905 Maynardville Highway, Maynardville, TN 37807Febuary 07, 1974Full Service Brick and Mortar
    21365631Jefferson City Branch167 West Broadway Boulevard, Jefferson City, TN 37760November 26, 2002Full Service Brick and Mortar
    22419845Northshore Branch1111 Northshore Drive Ste P-100, Knoxville, TN 37919May 09, 2003Full Service Brick and Mortar
    231116Madisonville Branch215 Warren Street, Madisonville, TN 37354January 01, 1890Full Service Brick and Mortar
    26424634Lenoir City Branch705 East Broadway, Lenoir City, TN 37771October 27, 2003Full Service Brick and Mortar
    28427728Farragut Branch155 North Campbell Station Road, Knoxville, TN 37922March 22, 2004Full Service Brick and Mortar
    29430273Dandridge Branch1013 South Hwy 92, Dandridge, TN 37725April 01, 2004Full Service Brick and Mortar
    30431945Lovell Road Branch307 Lovell Road, Knoxville, TN 37922August 16, 2004Full Service Brick and Mortar
    331564Jackson Bank & Trust Branch307 Hull Ave, Gainesboro, TN 38562January 01, 1916Full Service Brick and Mortar
    36192573Cookeville Branch340 Jefferson Avenue, Cookeville, TN 38501October 16, 1995Full Service Brick and Mortar
    37192574West Jackson Street Branch376 West Jackson Street, Cookeville, TN 38502September 08, 1998Full Service Brick and Mortar
    38448886Keith Street Cleveland Branch301 Keith Street, Village Green Town Center, Cleveland, TN 37311October 31, 2005Full Service Brick and Mortar
    41467672Cleveland - Mouse Creek Branch52 Mouse Creek Rd, Cleveland, TN 37312May 14, 2007Full Service Brick and Mortar
    42467673Algood - Jbt Branch614 West Main Street, Cookeville, TN 38506April 10, 2007Full Service Brick and Mortar
    43493150Hixson Branch5188 Highway 153, Hixson, TN 37343May 22, 2009Full Service Brick and Mortar

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