Company: FGBI
Filing Date: 2025-08-18
Form Type: 10-Q
Source: 0001408534-25-000070
Chunk: 154

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-08-18
Form: 10-Q
Item: Part I, Item 8
Chunk 154
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 All average balances are daily average balances. Non-accrual loans were included in the computation of average balances but have been reflected in the tables as loans carrying a zero yield. The yields set forth below include the effect of deferred fees, discounts and premiums that are amortized or accreted to interest income or expense.

The net interest income yield shown below in the average balance sheet is calculated by dividing net interest income by average interest-earning assets and is a measure of the efficiency of the earnings from balance sheet activities. It is affected by changes in the difference between interest on interest-earning assets and interest-bearing liabilities and the percentage of interest-earning assets funded by interest-bearing liabilities. 

Three Months Ended June 30, 2025Three Months Ended June 30, 2024(in thousands except for %)Average BalanceInterestYield/Rate (5)Average BalanceInterestYield/Rate (5)AssetsInterest-earning assets:Interest-earning deposits with banks$676,456 $7,511 4.45 %$271,113 $3,626 5.38 %Securities (including FHLB stock)671,090 5,797 3.46 %370,926 2,473 2.68 %Federal funds sold573 — — %627 — — %Loans held for sale— — — %— — — %Loans, net of unearned income(6)2,459,978 41,013 6.69 %2,807,234 47,552 6.81 %Total interest-earning assets3,808,097 $54,321 5.72 %3,449,900 $53,651 6.25 %Noninterest-earning assets:Cash and due from banks20,676 20,264 Premises and equipment, net66,172 70,790 Other assets22,876 30,854 Total Assets$3,917,821 $3,571,808 Liabilities and Shareholders' EquityInterest-bearing liabilities:Demand deposits$1,367,486 $12,708 3.73 %$1,519,363 $17,059 4.52 %Savings deposits243,589 1,336 2.20 %231,166 1,327 2.31 %Time