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

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-08-18
Form: 10-Q
Item: Part I, Item 1
Chunk 10
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 securities with gross unrealized losses and an aging of those gross unrealized losses at December 31, 2024.   At December 31, 2024  Less Than 12 Months12 Months or MoreTotal(in thousands)Numberof SecuritiesFair ValueGrossUnrealizedLossesNumberof SecuritiesFair ValueGrossUnrealized LossesNumberof SecuritiesFair ValueGrossUnrealized LossesAvailable for sale:         U.S. Treasuries2 $48,615 $(93)— $— $— 2 $48,615 $(93)U.S. Government Agencies— — — — — — — — — Corporate debt securities2 1,965 (35)12 9,617 (633)14 11,582 (668)Municipal bonds2 505 (4)34 5,406 (335)36 5,911 (339)Collateralized mortgage obligations8 31,619 (446)— — — 8 31,619 (446)Mortgage-backed securities15 65,089 (1,721)6 3,410 (210)21 68,499 (1,931)Total available for sale securities29 $147,793 $(2,299)52 $18,433 $(1,178)81 $166,226 $(3,477)Held to maturity:U.S. Government Agencies— $— $— 29 $202,090 $(64,671)29 $202,090 $(64,671)Corporate debt securities1 322 (3)56 49,046 (5,640)57 49,368 (5,643)Total held to maturity securities1 $322 $(3)85 $251,136 $(70,311)86 $251,458 $(70,314)As of June 30, 2025, 178 of First Guaranty's debt securities had unrealized losses totaling 12.7% of the individual securities' amortized cost basis and 8.9% of First Guaranty's total amortized cost basis of the investment securities portfolio. 129 of the 178 securities had been in a continuous loss position for over 12 months at such date. The 129 securities had