Company: FGBI
Filing Date: 2025-08-18
Form Type: 10-Q
Source: 0001408534-25-000070
Chunk: 208

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-08-18
Form: 10-Q
Item: Part I, Item 2
Chunk 208
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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 deposits1,406,320 15,196 4.33 %885,871 10,446 4.74 %Borrowings200,862 2,841 5.67 %239,114 3,577 6.02 %Total interest-bearing liabilities3,218,257 $32,081 4.00 %2,875,514 $32,409 4.53 %Noninterest-bearing liabilities:Demand deposits406,409 420,957 Other39,427 23,342 Total Liabilities3,664,093 3,319,813 Shareholders' equity253,728 251,995 Total Liabilities and Shareholders' Equity$3,917,821 $3,571,808 Net interest income$22,240 $21,242 Net interest rate spread (1)1.72 %1.72 %Net interest-earning assets (2)$589,840 $574,386 Net interest margin (3), (4)2.34 %2.48 %Average interest-earning assets to interest-bearing liabilities118.33 %119.98 %

(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 2.35% and 2.47% for the above periods ended June 30, 2025 and 2024, respectively. A 21% tax rate was used to calculate the effect on securities income from tax exempt securities for the above periods ended June 30, 2025 and 2024, respectively.

(5)Annualized.

(6)Includes loan fees of $1.2 million and $2.0 million for the three months ended June 30, 2025 and 2024, respectively. 

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        Six Months Ended June 30