Company: FGBI
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001408534-25-000036
Chunk: 178

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 2
Chunk 178
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 %Total interest-earning assets3,833,916 $54,463 5.76 %3,416,057 $52,908 6.23 %Noninterest-earning assets:Cash and due from banks20,357 19,036 Premises and equipment, net66,933 70,101 Other assets31,553 27,836 Total Assets$3,952,759 $3,533,030 Liabilities and Shareholders' EquityInterest-bearing liabilities:Demand deposits$1,373,810 $12,204 3.60 %$1,540,763 $16,976 4.43 %Savings deposits236,905 1,262 2.16 %223,959 1,227 2.20 %Time deposits1,441,700 15,890 4.47 %850,712 9,572 4.53 %Borrowings202,026 2,884 5.79 %228,157 3,212 5.66 %Total interest-bearing liabilities3,254,441 $32,240 4.02 %2,843,591 $30,987 4.38 %Noninterest-bearing liabilities:Demand deposits401,994 419,916 Other40,627 17,174 Total Liabilities3,697,062 3,280,681 Shareholders' equity255,697 252,349 Total Liabilities and Shareholders' Equity$3,952,759 $3,533,030 Net interest income$22,223 $21,921 Net interest rate spread (1)1.74 %1.85 %Net interest-earning assets (2)$579,475 $572,466 Net interest margin (3), (4)2.35 %2.58 %Average interest-earning assets to interest-bearing liabilities117.81 %120.13 %

(1)Net interest rate spread represents the difference between the yield on average interest-earning assets and the cost of average interest-bearing liabilities.

(2)Net interest-earning assets represents total interest-earning assets less total interest-bearing liabilities.

(3)Net interest margin represents net interest income divided by average total interest-earning assets.

(4)The tax adjusted net interest margin was 2.36% and 2.58