Company: FGBI
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0001408534-25-000015
Chunk: 136

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-03-17
Form: 10-K
Item: Item 8
Chunk 136
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.Ashland, KentuckyMarch 17, 2025

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FIRST GUARANTY BANCSHARES, INC. AND SUBSIDIARY

CONSOLIDATED BALANCE SHEETS(in thousands, except share data)December 31, 2024December 31, 2023AssetsCash and cash equivalents:Cash and due from banks$563,778 $286,114 Federal funds sold430 341 Cash and cash equivalents564,208 286,455 Interest-earning time deposits with banks250 — Investment securities:Available for sale, at fair value281,097 83,485 Held to maturity, at cost and net of allowance for credit losses of $150 and $80 (estimated fair value of $251,458 and $253,584, respectively)321,622 320,638 Investment securities602,719 404,123 Federal Home Loan Bank stock, at cost9,706 13,390 Loans held for sale— — Loans, net of unearned income2,693,780 2,748,708 Less: allowance for credit losses34,811 30,926 Net loans2,658,969 2,717,782 Premises and equipment, net67,789 69,792 Goodwill12,900 12,900 Intangible assets, net3,474 4,298 Other real estate, net319 1,250 Accrued interest receivable14,850 15,713 Other assets37,544 27,069 Total Assets$3,972,728 $3,552,772 Liabilities and Shareholders' EquityDeposits:Noninterest-bearing demand$404,056 $442,755 Interest-bearing demand1,387,068 1,526,628 Savings234,444 218,986 Time1,450,692 820,725 Total deposits3,476,260 3,009,094 Short-term advances from Federal Home Loan Bank— 50,000 Short-term borrowings— 10,000 Repurchase agreements7,009 6,297 Accrued interest payable20,437 11,807 Long-term advances from Federal Home Loan Bank135,000 155,000 Senior long-term debt15,169 39,099 Junior subordinated debentures44,745