Company: FGBI
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0001408534-25-000015
Chunk: 156

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-03-17
Form: 10-K
Item: Item 8
Chunk 156
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.6 million and $2.8 million at December 31, 2024 and December 31, 2023, respectively.Accrued interest receivable on First Guaranty's loans totaled $13.4 million and $13.9 million at December 31, 2024 and December 31, 2023, respectively, and is included in accrued interest receivable on the consolidated balance sheet. Accrued interest receivable is excluded from First Guaranty's estimate of the allowance for credit losses.The following table summarizes fixed and floating rate loans by contractual maturity, excluding nonaccrual loans, as of December 31, 2024 and December 31, 2023 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. December 31, 2024December 31, 2023(in thousands)FixedFloatingTotalFixedFloatingTotalOne year or less$240,685 $245,272 $485,957 $268,864 $88,884 $357,748 One to five years501,800 256,720 758,520 782,754 357,981 1,140,735 Five to 15 years62,412 293,173 355,585 88,490 269,918 358,408 Over 15 years358,727 634,762 993,489 334,337 541,066 875,403 Subtotal$1,163,624 $1,429,927 2,593,551 $1,474,445 $1,257,849 2,732,294 Nonaccrual loans  108,529   25,187 Total Loans Before Unearned Income  2,702,080   2,757,481 Unearned income  (8,300)  (8,773)Total Loans Net of Unearned Income  $2,693,780   $2,748,708 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.

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The following tables present the age analysis of past due loans at December 31, 2024 and December 31, 2023: