Company: FGBI
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001408534-25-000092
Chunk: 28

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-11-17
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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,928 19,059 Total Liabilities3,576,261 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; 15,352,947 and 12,504,717 shares issued and outstanding15,353 12,505 Surplus168,682 149,389 Retained earnings12,342 72,965 Accumulated other comprehensive (loss) income(8,360)(12,868)Total Shareholders' Equity221,075 255,049 Total Liabilities and Shareholders' Equity$3,797,336 $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 Ended September 30,Nine Months Ended September 30,(in thousands, except share data)2025202420252024Interest Income:  Loans (including fees)$39,325 $49,811 $123,307 $144,281 Deposits with other banks7,777 4,645 21,287 11,747 Securities (including FHLB stock)6,398 2,971 17,690 7,958 Total Interest Income53,500 57,427 162,284 163,986 Interest Expense:  Demand deposits13,185 16,957 38,097 50,992 Savings deposits1,058 1,374 3,656 3,928 Time deposits14,519 12,631 45,605 32,649 Borrowings2,500 3,767 8,225 10,556 Total Interest Expense31,262 34,729 95,583 98,125 Net Interest Income22,238 22,698 66,701 65,861 Less: Provision for credit losses47,933 4,904 79,091 14,013 Net Interest Income (Loss) after Provision for Credit Losses(25,