Company: FGBI
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001408534-25-000036
Chunk: 192

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 3
Chunk 192
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avings deposits243,701 — 243,701 — 243,701 Time deposits187,888 702,173 890,061 531,454 1,421,515 Short-term borrowings— — — 7,030 7,030 Long-term borrowings14,174 — 14,174 135,000 149,174 Junior subordinated debt44,760 — 44,760 — 44,760 Noninterest-bearing, net— — — 610,183 610,183 Total source of funds$1,739,156 $702,173 $2,441,329 $1,283,667 $3,724,996 Period gap$(329,912)$(228,614)$(558,526)$558,526  Cumulative gap$(329,912)$(558,526)$(558,526)$—  Cumulative gap as a percent of earning assets(8.9)%(15.0)%(15.0)%  

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Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

As defined by the Securities and Exchange Commission in Exchange Act Rules 13a-15(e) and 15d-15(e), a Company's "disclosure controls and procedures" means controls and other procedures of an issuer that are designed to ensure that information required to be disclosed by the issuer in the reports that it files or submits under the Exchange Act is recorded, processed, summarized and reported, within time periods specified in the Commission's rules and forms. First Guaranty maintains such controls designed to ensure this material information is communicated to Management, including the Chief Executive Officer ("CEO") and Chief Financial Officer ("CFO"), as appropriate, to allow timely decision regarding required disclosure.

Management, with the participation of the CEO and CFO, have evaluated the effectiveness of our disclosure controls and procedures as of the end of the period covered by this quarterly report on Form 10-Q. Based on that evaluation, the CEO and CFO have concluded that the disclosure controls and procedures as of the end of the period covered by this quarterly report are effective. There were no changes in First Guaranty's internal control over financial reporting during the last fiscal quarter in the period covered by this quarterly report that have materially affected, or are reasonably likely to materially affect, First Guaranty's internal control over financial reporting.

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PART II. OTHER