Company: FGBI
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0001408534-25-000015
Chunk: 168

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-03-17
Form: 10-K
Item: Item 8
Chunk 168
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 $1,891 $— $7 $2,715 $5,845 Farmland83 (39)— — (8)36 1- 4 family1,761 3,465 (964)93 2,298 6,653 Multifamily746 1,418 — — (550)1,614 Non-farm non-residential9,280 307 (138)230 917 10,596 Total Real Estate13,102 7,042 (1,102)330 5,372 24,744 Non-Real Estate:Agricultural240 (98)— 414 (459)97 Commercial and industrial2,194 2,971 (1,694)205 (965)2,711 Commercial leases4,879 (162)— — (2,769)1,948 Consumer and other2,506 (1,042)(2,975)426 2,511 1,426 Unallocated597 (591)— — (6)— Total Non-Real Estate10,416 1,078 (4,669)1,045 (1,688)6,182 Total Loans$23,518 $8,120 $(5,771)$1,375 $3,684 $30,926 Unfunded lending commitments— 2,900 — — (90)2,810 Total$23,518 $11,020 $(5,771)$1,375 $3,594 $33,736 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 December 31, 2024(in thousands)AllowanceIndividuallyEvaluatedAllowanceCollectively EvaluatedTotal Allowancefor Credit LossesLoansIndividuallyEvaluatedLoansCollectivelyEvaluatedTotal LoansbeforeUnearned IncomeReal Estate:      Construction & land development$403 $3,527 $3,930 $10,724 $319,324 $330,048 Farmland— 50 50 2,973