Company: FGBI
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001408534-25-000092
Chunk: 127

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-11-17
Form: 10-Q
Item: Part I, Item 8
Chunk 127
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,615 Government National Mortgage Association (Ginnie Mae-GNMA)201,795 203,136 Total$475,702 $422,364 

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Note 4. Loans

 The following table summarizes the components of First Guaranty's loan portfolio as of September 30, 2025 and December 31, 2024:  September 30, 2025December 31, 2024(in thousands except for %)BalanceAs % of CategoryBalanceAs % of CategoryReal Estate:    Construction & land development$231,156 10.1 %$330,048 12.2 %Farmland31,685 1.4 %35,991 1.3 %1- 4 Family441,017 19.3 %450,371 16.7 %Multifamily137,582 6.0 %165,121 6.1 %Non-farm non-residential1,003,198 43.9 %1,159,842 42.9 %Total Real Estate1,844,638 80.7 %2,141,373 79.2 %Non-Real Estate:    Agricultural44,737 2.0 %40,722 1.5 %Commercial and industrial227,077 9.9 %257,518 9.5 %Commercial leases134,958 5.9 %220,200 8.2 %Consumer and other 34,763 1.5 %42,267 1.6 %Total Non-Real Estate441,535 19.3 %560,707 20.8 %Total Loans Before Unearned Income2,286,173 100.0 %2,702,080 100.0 %Unearned income(6,432) (8,300) Total Loans Net of Unearned Income$2,279,741  $2,693,780  Accrued interest receivable on First Guaranty's loans totaled $11.3 million and $13.4 million at September 30, 2025 and December 31, 2024, respectively, and is included in accrued interest receivable on the consolidated balance sheet. Accrued interest receivable is excluded from First Guaranty's estimate of the