Company: FGBI
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001408534-25-000036
Chunk: 12

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 12
---
, excluding nonaccrual loans, as of March 31, 2025 and December 31, 2024 unadjusted for scheduled principal payments, prepayments, or repricing opportunities. The average life of the loan portfolio may be substantially less than the contractual terms when these adjustments are considered.  March 31, 2025December 31, 2024(in thousands)FixedFloatingTotalFixedFloatingTotalOne year or less$203,468 $196,711 $400,179 $240,685 $245,272 $485,957 More than one to five years445,987 278,773 724,760 501,800 256,720 758,520 More than five to 15 years62,545 253,222 315,767 62,412 293,173 355,585 Over 15 years340,688 605,406 946,094 358,727 634,762 993,489 Subtotal$1,052,688 $1,334,112 2,386,800 $1,163,624 $1,429,927 2,593,551 Nonaccrual loans  133,393   108,529 Total Loans Before Unearned Income  2,520,193   2,702,080 Unearned income  (7,405)  (8,300)Total Loans Net of Unearned Income  $2,512,788   $2,693,780  Included in floating rate loans are loans that adjust to a floating rate following an initial fixed rate period. The initial fixed rate periods are typically one, three, or five years.

-14-

The following tables present the age analysis of past due loans at March 31, 2025 and December 31, 2024:  As of March 31, 2025(in thousands)30-89 Days Past Due90 Days or GreaterTotal Past DueCurrentTotal LoansRecorded Investment90 Days AccruingReal Estate:      Construction & land development$212 $11,502 $11,714 $276,577 $288,291 $— Farmland— 2,177 2,177 27,784 29,961 — 1- 4 family12,861 10,582 23,443 420,930