Company: FGBI
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001408534-25-000092
Chunk: 128

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-11-17
Form: 10-Q
Item: Part I, Item 8
Chunk 128
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 allowance for credit losses.The following table summarizes fixed and floating rate loans by contractual maturity, excluding nonaccrual loans, as of September 30, 2025 and December 31, 2024 unadjusted for scheduled principal payments, prepayments, or repricing opportunities. The average life of the loan portfolio may be substantially less than the contractual terms when these adjustments are considered.  September 30, 2025December 31, 2024(in thousands)FixedFloatingTotalFixedFloatingTotalOne year or less$277,638 $240,218 $517,856 $240,685 $245,272 $485,957 More than one to five years273,194 163,476 436,670 501,800 256,720 758,520 More than five to 15 years56,158 251,824 307,982 62,412 293,173 355,585 Over 15 years340,514 568,886 909,400 358,727 634,762 993,489 Subtotal$947,504 $1,224,404 2,171,908 $1,163,624 $1,429,927 2,593,551 Nonaccrual loans  114,265   108,529 Total Loans Before Unearned Income  2,286,173   2,702,080 Unearned income  (6,432)  (8,300)Total Loans Net of Unearned Income  $2,279,741   $2,693,780  Included in floating rate loans are loans that adjust to a floating rate following an initial fixed rate period. The initial fixed rate periods are typically one, three, or five years.

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The following tables present the age analysis of past due loans at September 30, 2025 and December 31, 2024:  As of September 30, 2025(in thousands)30-89 Days Past Due90 Days or GreaterTotal Past DueCurrentTotal LoansRecorded Investment90 Days AccruingReal Estate:      Construction & land development$44 $8,707 $8,751 $222,405 $231,156 $— Farmland4,284 2,777 7,061 24,624 31,685 — 1- 4