Company: FGBI
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001408534-25-000092
Chunk: 172

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-11-17
Form: 10-Q
Item: Part I, Item 8
Chunk 172
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-residential— 4,108 Total Real Estate— 11,502 Non-Real Estate:  Agricultural— — Commercial and industrial— — Commercial leases— — Consumer and other— — Total Non-Real Estate— — Total loans 90 days and greater delinquent & accruing— 11,502 Total nonperforming loans114,265 120,031 Real Estate Owned:  Construction and land development8,545 226 Farmland— — 1- 4 family234 3 Multifamily— — Non-farm non-residential3,271 90 Total Real Estate Owned12,050 319 Total nonperforming assets$126,315 $120,350 Nonperforming assets to total loans5.54 %4.47 %Nonperforming assets to total assets3.33 %3.03 %Nonperforming loans to total loans5.01 %4.46 %Nonaccrual loans to total loans5.01 %4.03 %Allowance for credit losses to nonaccrual loans75.01 %32.08 %Net loan charge-offs to average loans1.55 %0.64 %

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Top 10 Non-Performing Assets Current BalanceAllocated ReserveOrigination YearLocationAsset Description    1Independent Living Center$18,070 $10,460 2021Louisiana2Commercial Lease 17,187 17,187 2024Kansas3Apartment Complex15,390 — 2022Texas4Assisted Living Center15,121 — 2019Louisiana5Assisted Living Center8,252 — 2023Texas6Land Development OREO7,384 — 2022Texas7Apartment Complex6,502 148 2022Texas8Apartment Complex5,244 857 2023Louisiana9Retail Location2,150 — 2020Florida10Convenience Store1,640 — 2021Texas$96,940 $28,652 

At September 30, 2025, nonperforming assets totaled $126.3 million, or 3.33% of total assets, compared to $120.4 million, or 3.03%, of total assets at December 31, 2024, which represented an increase