Company: FGBI
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001408534-25-000092
Chunk: 139

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-11-17
Form: 10-Q
Item: Part I, Item 8
Chunk 139
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 for Credit Losses on Loans

 A summary of changes in the allowance for credit losses, by portfolio type, for the nine months ended September 30, 2025 and 2024 are as follows: For the Nine Months Ended September 30,2025(in thousands)Beginning Allowance (12/31/2024)Charge-offsRecoveriesProvisionEnding Allowance (9/30/2025)Real Estate:Construction & land development$3,930 $(5,794)$— $5,673 $3,809 Farmland50 — — 137 187 1- 4 family9,243 (490)29 3,084 11,866 Multifamily3,949 (10,430)— 7,474 993 Non-farm non-residential11,531 (9,545)19 18,302 20,307 Total Real Estate28,703 (26,259)48 34,670 37,162 Non-Real Estate:Agricultural204 (169)1 170 206 Commercial and industrial1,994 (1,055)187 4,470 5,596 Commercial leases1,719 (774)— 39,884 40,829 Consumer and other1,337 (1,104)426 301 960 Unallocated854 — — 106 960 Total Non-Real Estate6,108 (3,102)614 44,931 48,551 Total Loans$34,811 $(29,361)$662 $79,601 $85,713 Unfunded lending commitments1,210 — — (510)700 Total$36,021 $(29,361)$662 $79,091 $86,413  For the Nine Months Ended September 30, 2024(in thousands)Beginning Allowance (12/31/2023)Charge-offsRecoveriesProvisionEnding Allowance (9/30/2024)Real Estate:Construction & land development$5,845 $(39)$1 $(954)$4,853 Farmland36 (258)— 272 50 1- 4 family6,653 (939)13 1,990 7,717 Multifamily1,614 — — (156)1,