First Security Group, Inc. Reports Second Quarter 2007 Earnings Per Share of $0.17

First Security Group, Inc. (Nasdaq:FSGI), a community bank holding company serving middle and east Tennessee and north Georgia, today reported second quarter 2007 net income of $2.9 million, up 2.6 percent from the $2.8 million reported for the second quarter of 2006. Earnings per diluted share were $0.17 compared with $0.16 reported in the 2006 second quarter, an increase of 6.3 percent. Compared with the first quarter of 2007, net income and diluted earnings per share increased 1.9 percent and 6.3 percent, respectively.

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