Company: FGBI
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001408534-25-000092
Chunk: 224

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-11-17
Form: 10-Q
Item: Part I, Item 2
Chunk 224
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 accrual status as of September 30, 2025. The $17.2 million lease was originated in 2024 and has a specific reserve of $17.2 million. The $34.8 million leases were originated between 2021 and 2024 and had specific reserves of $22.6 million.

2.A $47.0 million loan relationship secured by real estate and business assets. This is a construction business located primarily in Louisiana. The loan relationship was classified as substandard in the third quarter of 2024. The loan relationship is on accrual status and there is no specific reserve established for it. The loan was originated between 2022 and 2024.

3.A $23.8 million loan relationship secured by real estate. This is a hospital located in Arkansas. The relationship was designated as substandard in the second quarter of 2025. The loan was originated in 2021 and is on accrual status.

4.A $18.1 million loan relationship secured by an independent living center located in Louisiana; the loan was placed on nonaccrual in the fourth quarter of 2024. The principal balance was $27.5 million at June 30, 2025 and was charged down by $9.4 million in the third quarter of 2025. The loan was originated in 2023. It has a specific reserve of $10.5 million as of September 30, 2025.

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5.A $15.7 million construction and land development loan relationship secured by land located in Texas. The loan was classified as substandard in the first quarter of 2024. The loan was originated in 2023 and is on accrual status.

6.A $15.4 million loan relationship secured by a multifamily apartment complex located in Texas; the loan was placed on nonaccrual in the fourth quarter of 2024. The principal balance was $25.8 million at June 30, 2025 and was charged down by $10.4 million in the third quarter of 2025.  The loan was originated in 2022.

7.A $15.1 million loan relationship secured by an assisted living center located in Louisiana; the loan was placed on nonaccrual in the second quarter of 2025. Payments received on the loan in the third quarter of 2025 reduced the balance by $0.5 million. The loan was originated in 2019.

8.A $13.9 million loan