Company: FGBI
Filing Date: 2025-08-18
Form Type: 10-Q
Source: 0001408534-25-000070
Chunk: 162

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-08-18
Form: 10-Q
Item: Part I, Item 8
Chunk 162
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 have sufficient funds available to meet customer demand for loans, withdrawal of deposit balances and maturities of deposits and other liabilities. Liquid assets include cash and due from banks, interest-earning demand deposits with banks, federal funds sold and available for sale investment securities.

First Guaranty's cash and cash equivalents totaled $714.9 million at June 30, 2025 compared to $564.2 million at December 31, 2024. Loans maturing within one year or less at June 30, 2025 totaled $504.1 million compared to $486.0 million at December 31, 2024. At June 30, 2025, time deposits maturing within one year or less totaled $865.1 million compared to $804.1 million at December 31, 2024. Time deposits maturing after one year through three years totaled $371.6 million at June 30, 2025 compared to $489.6 million at December 31, 2024. Time deposits maturing after three years totaled $152.3 million at June 30, 2025 compared to $157.0 million at December 31, 2024. First Guaranty's held to maturity ("HTM") securities portfolio at June 30, 2025 was $322.1 million, or 44.8% of the investment portfolio, compared to $321.6 million, or 53.4% at December 31, 2024. First Guaranty's available for sale ("AFS") securities portfolio was $397.6 million, or 55.2% of the investment portfolio as of June 30, 2025 compared to $281.1 million, or 46.6% of the investment portfolio at December 31, 2024. The majority of the AFS portfolio was comprised of U.S. Treasury securities, corporate debt securities, municipal bonds, collateralized mortgage obligations and mortgage-backed securities. 

First Guaranty maintained a net borrowing capacity at the Federal Home Loan Bank totaling $247.2 million and $339.2 million at June 30, 2025 and December 31, 2024, respectively with $135.0 million in FHLB advances outstanding at June 30, 2025 and December 31, 2024. The advances outstanding at June 30, 2025 and December 31, 2024 were comprised of two long-term advances that totaled