Company: FGBI
Filing Date: 2025-08-18
Form Type: 10-Q
Source: 0001408534-25-000070
Chunk: 16

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-08-18
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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 116 Total Non-Real Estate3,664 5,762 9,426 Total Nonaccrual Loans$83,115 $36,064 $119,179 As of December 31, 2024(in thousands)With Related AllowanceWithout Related AllowanceTotalReal Estate:  Construction & land development$697 $2,927 $3,624 Farmland678 1,941 2,619 1- 4 family7,309 2,744 10,053 Multifamily25,986 1,556 27,542 Non-farm non-residential7,976 46,195 54,171 Total Real Estate42,646 55,363 98,009 Non-Real Estate:  Agricultural729 1,263 1,992 Commercial and industrial1,724 5,038 6,762 Commercial leases— 1,533 1,533 Consumer and other233 — 233 Total Non-Real Estate2,686 7,834 10,520 Total Nonaccrual Loans$45,332 $63,197 $108,529  

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The following table presents First Guaranty's loan portfolio by credit quality classification and origination year as of the date indicated: As of June 30, 2025Term Loans by Origination Year(in thousands)20252024202320222021PriorRevolving LoansTotalReal Estate:        Construction & land development:   Pass $3,896 $17,997 $109,152 $53,692 $6,415 8,466 $6,825 $206,443    Special Mention— 1,626 167 16,086 — 133 7,938 25,950    Substandard1,312 — 34,191 795 137 — — 36,435    Doubtful— — — — — — — — Total Construction & land development5,208 19,623 143,510 70,573 6,552 8,599 14,763 268,828 Current period gross charge-offs— — — 5,794 — — — 5,794 Farmland      Pass631 2