Company: FGBI
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001408534-25-000092
Chunk: 123

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-11-17
Form: 10-Q
Item: Part I, Item 8
Chunk 123
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$— $(64,671)$202,090 Corporate debt securities55,153 6 (3,434)51,725 55,011 — (5,643)49,368 Total held to maturity securities$322,563 $6 $(58,003)$264,566 $321,772 $— $(70,314)$251,458  The scheduled maturities of securities at September 30, 2025, by contractual maturity, are shown below. Actual maturities may differ from contractual maturities due to calls or prepayments. Mortgage-backed securities are not due at a single maturity because of amortization and potential prepayment of the underlying mortgages. For this reason, they are presented separately in the maturity table below:   At September 30, 2025(in thousands)Amortized CostFair ValueAvailable for sale:  Due in one year or less$3,564 $3,572 Due after one year through five years6,860 6,930 Due after five years through 10 years13,394 13,022 Over 10 years2,205 1,984 Subtotal26,023 25,508 Collateralized mortgage obligations136,305 137,028 Mortgage-backed securities210,545 211,799 Total available for sale securities$372,873 $374,335 Held to maturity:  Due in one year or less$— $— Due after one year through five years23,612 22,532 Due after five years through 10 years118,949 106,441 Over 10 years180,002 135,593 Total held to maturity securities$322,563 $264,566  At September 30, 2025, $512.5 million of First Guaranty's securities were pledged to secure public funds deposits and borrowings. The pledged securities had a market value of $463.6 million as of September 30, 2025.Accrued interest receivable on First Guaranty's investment securities was $3.5 million and $1.4 million at September 30, 2025 and December 31, 2024, respectively, and was included in accrued interest receivable on the consolidated balance sheet. First Guaranty had a $0.2 million allowance for credit losses related to the held