Company: FGBI
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0001408534-25-000015
Chunk: 151

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-03-17
Form: 10-K
Item: Item 8
Chunk 151
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 for sale securities$284,321 $253 $(3,477)$281,097 $85,464 $34 $(2,013)$83,485 Held to maturity:        U.S. Government Agencies$266,761 $— $(64,671)$202,090 $265,896 $— $(61,532)$204,364 Corporate debt securities55,011 — (5,643)49,368 54,822 — (5,602)49,220 Total held to maturity securities$321,772 $— $(70,314)$251,458 $320,718 $— $(67,134)$253,584 The scheduled maturities of securities at December 31, 2024, by contractual maturity, are shown below. Actual maturities may differ from contractual maturities due to call or prepayments. Mortgage-backed securities are not due at a single maturity because of amortization and potential prepayment of the underlying mortgages. For this reason they are presented separately in the maturity table below.               December 31, 2024(in thousands)Amortized CostFair ValueAvailable for sale:  Due in one year or less$153,941 $153,898 Due after one year through five years5,959 5,945 Due after five years through 10 years19,162 18,533 Over 10 years2,764 2,603 Subtotal181,826 180,979 Collateralized mortgage obligations32,065 31,619 Mortgage-backed Securities70,430 68,499 Total available for sale securities$284,321 $281,097 Held to maturity:Due in one year or less$— $— Due after one year through five years6,420 5,959 Due after five years through 10 years135,734 116,359 Over 10 years179,618 129,140 Total held to maturity securities$321,772 $251,458 At December 31, 2024 and 2023 the carrying value of pledged securities totaled $233.9 million and $192.2 million, respectively.Accrued interest receivable on First Guaranty's investment securities was $1.4 million and $1.8 million at December 31, 2024 and