Company: FGBI
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001408534-25-000092
Chunk: 256

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-11-17
Form: 10-Q
Item: Part I, Item 2
Chunk 256
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 noninterest expense totaled $7.2 million for the three months ended September 30, 2025 and $7.1 million for the same period in 2024. 

Noninterest expense totaled $65.5 million for the nine months ended September 30, 2025 (including $12.9 million of goodwill impairment) and $59.2 million for the nine months ended September 30, 2024. Salaries and benefits expense totaled $23.7 million for the nine months ended September 30, 2025 and $30.4 million for the nine months ended September 30, 2024. Occupancy and equipment expense totaled $7.9 million for the nine months ended September 30, 2025 and $7.4 million for the same period in 2024. Other noninterest expense totaled $21.0 million for the nine months ended September 30, 2025 and $21.5 million for the same period in 2024. 

The following table presents, for the periods indicated, the major categories of other noninterest expense:

 Three Months Ended September 30,Nine Months Ended September 30,(in thousands)2025202420252024Other noninterest expense:  Legal and professional fees$988 $625 $2,747 $3,102 Data processing336 413 1,022 1,196 ATM fees390 424 1,242 1,237 Marketing and public relations151 296 555 999 Taxes - sales, capital, and franchise542 678 1,585 1,890 Operating supplies66 41 152 247 Software expense and amortization1,211 1,203 3,615 3,824 Travel and lodging88 112 286 599 Telephone88 135 283 378 Amortization of core deposit intangibles174 174 522 522 Donations51 58 191 241 Net costs from other real estate and repossessions13 150 87 533 Regulatory assessment1,777 1,182 4,930 3,105 Other1,330 1,579 3,743 3,582 Total other noninterest expense$7,205 $7,070 $20,960 $21,455   

Income Taxes

The amount of income tax expense is influenced by the amount of pre