Company: FGBI
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001408534-25-000036
Chunk: 95

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 8
Chunk 95
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 Non-farm non-residential10,596 — 8 712 11,316 Total Real Estate24,744 (41)12 (134)24,581 Non-Real Estate:Agricultural97 (33)10 46 120 Commercial and industrial2,711 (627)115 1,684 3,883 Commercial leases1,948 — — (564)1,384 Consumer and other1,426 (1,584)118 1,522 1,482 Unallocated— — — — — Total Non-Real Estate6,182 (2,244)243 2,688 6,869 Total Loans$30,926 $(2,285)$255 $2,554 $31,450 Unfunded lending commitments2,810 — — (250)2,560 Total$33,736 $(2,285)$255 $2,304 $34,010 Negative provisions are caused by changes in the composition and credit quality of the loan portfolio and by recoveries. The result is an allocation of the credit loss reserve from one category to another.

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A summary of the allowance along with loans and leases individually and collectively evaluated are as follows: As of March 31, 2025(in thousands)AllowanceIndividuallyEvaluatedAllowanceCollectively EvaluatedTotal Allowancefor Credit LossesLoansIndividuallyEvaluatedLoansCollectivelyEvaluatedTotal LoansbeforeUnearned IncomeReal Estate:      Construction & land development$3,010 $3,411 $6,421 $20,386 $267,905 $288,291 Farmland— 50 50 2,543 27,418 29,961 1- 4 family437 9,434 9,871 10,389 433,984 444,373 Multifamily4,262 1,032 5,294 35,668 108,850 144,518 Non-farm non-residential4,748 10,372 15,120 91,799 1,025,375 1,117,174 Total Real Estate12,457 24,299 36,756 160,785 1,863,532 2,024,317 Non-Real