Company: FGBI
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001408534-25-000036
Chunk: 108

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 8
Chunk 108
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— — 14,574 14,574 LiabilitiesDeposits$3,339,466 $— $— $3,342,880 3,342,880 Short-term advances from Federal Home Loan Bank— — — Short-term borrowings— — — — — Repurchase agreements7,113 — — 7,130 7,130 Accrued interest payable19,505 — — 19,505 19,505 Long-term advances from Federal Home Loan Bank135,000 — — 136,019 136,019 Senior long-term debt14,174 — — 14,266 14,266 Junior subordinated debentures44,760 — — 45,000 45,000 

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The carrying amounts and estimated fair values of financial instruments at December 31, 2024 were as follows:Fair Value Measurements at December 31, 2023 Using(in thousands)Carrying AmountLevel 1Level 2Level 3TotalAssetsCash and due from banks$563,778 $563,778 $— $— $563,778 Federal funds sold430 430 — — 430 Securities, available for sale281,097 147,780 127,222 6,095 281,097 Securities, held for maturity321,622 — 251,458 — 251,458 Loans, net2,658,969 — — 2,508,440 2,508,440 Cash surrender value of BOLI6,012 — — 6,012 6,012 Accrued interest receivable14,850 — — 14,850 14,850 LiabilitiesDeposits$3,476,260 $— $— $3,475,411 3,475,411 Short-term advances from Federal Home Loan Bank— — — — — Short-term borrowings— — — — — Repurchase agreements7,009 — — 7,005 7,005 Accrued interest payable20,437 — — 20,437 20,437 Long-term advances from Federal Home Loan Bank135,000 — — 134,977