Company: FGBI
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001408534-25-000036
Chunk: 1

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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ordinated debentures44,760 44,745 Other liabilities17,806 19,059 Total Liabilities3,577,824 3,717,679 Shareholders' Equity  Preferred stock, Series A - $1,000 par value - 100,000 shares authorized     Non-cumulative perpetual; 34,500 shares issued and outstanding33,058 33,058 Common stock, $1 par value - 100,600,000 shares authorized; 12,691,504 and 12,504,717 shares issued and outstanding12,691 12,505 Surplus150,784 149,389 Retained earnings66,092 72,965 Accumulated other comprehensive (loss) income(11,180)(12,868)Total Shareholders' Equity251,445 255,049 Total Liabilities and Shareholders' Equity$3,829,269 $3,972,728 

See Notes to Consolidated Financial Statements

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FIRST GUARANTY BANCSHARES, INC. AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF INCOME (unaudited) 

 Three Months EndedMarch 31,(in thousands, except share data)20252024Interest Income:Loans (including fees)$42,969 $46,918 Deposits with other banks5,999 3,476 Securities (including FHLB stock)5,495 2,514 Total Interest Income54,463 52,908 Interest Expense:Demand deposits12,204 16,976 Savings deposits1,262 1,227 Time deposits15,890 9,572 Borrowings2,884 3,212 Total Interest Expense32,240 30,987 Net Interest Income22,223 21,921 Less: Provision for credit losses14,548 2,304 Net Interest Income after Provision for Credit Losses7,675 19,617 Noninterest Income:Service charges, commissions and fees849 733 ATM and debit card fees747 764 Net gains on securities— — Net gains on sale of loans— — Net gains on sale of assets4 6 Other754 805 Total Noninterest Income2,354 2,308 Noninterest Expense:Salaries and employee benefits8,441 9,900 Occup