Company: FGBI
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001408534-25-000036
Chunk: 82

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 8
Chunk 82
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Ginnie Mae-GNMA)147,770 147,277 Total$467,653 $409,384 

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Note 4. Loans

 The following table summarizes the components of First Guaranty's loan portfolio as of March 31, 2025 and December 31, 2024:  March 31, 2025December 31, 2024(in thousands except for %)BalanceAs % of CategoryBalanceAs % of CategoryReal Estate:    Construction & land development$288,291 11.4 %$330,048 12.2 %Farmland29,961 1.2 %35,991 1.3 %1- 4 Family444,373 17.6 %450,371 16.7 %Multifamily144,518 5.7 %165,121 6.1 %Non-farm non-residential1,117,174 44.4 %1,159,842 42.9 %Total Real Estate2,024,317 80.3 %2,141,373 79.2 %Non-Real Estate:    Agricultural37,599 1.5 %40,722 1.5 %Commercial and industrial (1)234,511 9.3 %257,518 9.5 %Commercial leases183,993 7.3 %220,200 8.2 %Consumer and other 39,773 1.6 %42,267 1.6 %Total Non-Real Estate495,876 19.7 %560,707 20.8 %Total Loans Before Unearned Income2,520,193 100.0 %2,702,080 100.0 %Unearned income(7,405) (8,300) Total Loans Net of Unearned Income$2,512,788  $2,693,780  (1) Includes PPP loans fully guaranteed by the SBA of $1.4 million and $1.6 million at March 31, 2025 and December 31, 2024, respectively.Accrued interest receivable on First Guaranty's loans totaled $11.6 million and $13.4 million at March 31, 2025 and December