Company: FGBI
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001408534-25-000036
Chunk: 145

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 8
Chunk 145
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. This analysis reflects the contractual maturity characteristics of assets and liabilities over various time periods. This analysis does not factor in prepayments or interest rate floors on loans which may significantly change the report. This table includes nonaccrual loans in their respective maturity periods. The gap indicates whether more assets or liabilities are subject to repricing over a given time period. The interest sensitivity analysis at March 31, 2025 illustrated below reflects a liability-sensitive position with a negative cumulative gap on a one-year basis.

The interest spread and liability funding discussed below are directly related to changes in asset and liability mixes, volumes, maturities and repricing opportunities for interest-earning assets and interest-bearing liabilities. Interest-sensitive assets and liabilities are those which are subject to repricing in the near term, including both floating or adjustable rate instruments and instruments approaching maturity. The interest sensitivity gap is the difference between total interest-sensitive assets and total interest-sensitive liabilities. Interest rates on our various asset and liability categories do not respond uniformly to changing market conditions. Interest rate risk is the degree to which interest rate fluctuations in the marketplace can affect net interest income.

 March 31, 2025Interest Sensitivity Within(in thousands except for %)3 Months Or LessOver 3 Monthsthru 12 MonthsTotal One YearOver One YearTotalEarning Assets:     Loans (including loans held for sale)$791,841 $423,336 $1,215,177 $1,297,611 $2,512,788 Securities (including FHLB stock)9,940 50,223 60,163 544,582 604,745 Federal Funds Sold563 — 563 — 563 Other earning assets606,900 — 606,900 — 606,900 Total earning assets$1,409,244 $473,559 $1,882,803 $1,842,193 $3,724,996 Source of Funds:     Interest-bearing accounts:     Demand deposits$1,248,633 $— $1,248,633 $— $1,248,633 Savings deposits243,701 — 243,701 — 243,701 Time deposits187,888 702,173 890,061 531,454 1,421,515 Short-term borrowings— — — 7,030 7,030 Long-term borrowings14