Company: FGBI
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001408534-25-000092
Chunk: 105

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-11-17
Form: 10-Q
Item: Part I, Item 1
Chunk 105
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 liabilities:Demand deposits$1,399,102 $13,185 3.74 %$1,499,327 $16,957 4.50 %Savings deposits213,383 1,058 1.97 %234,118 1,374 2.33 %Time deposits1,362,955 14,519 4.23 %1,036,757 12,631 4.85 %Borrowings186,087 2,500 5.33 %271,954 3,767 5.51 %Total interest-bearing liabilities3,161,527 $31,262 3.92 %3,042,156 $34,729 4.54 %Noninterest-bearing liabilities:Demand deposits405,479 408,383 Other41,541 19,562 Total Liabilities3,608,547 3,470,101 Shareholders' equity263,717 256,350 Total Liabilities and Shareholders' Equity$3,872,264 $3,726,451 Net interest income$22,238 $22,698 Net interest rate spread (1)1.71 %1.80 %Net interest-earning assets (2)$605,248 $560,440 Net interest margin (3), (4)2.34 %2.51 %Average interest-earning assets to interest-bearing liabilities119.14 %118.42 %

(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 2.51% for the above periods ended September 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 September 30, 2025 and 2024, respectively.

(5)Annualized.

(6)Includes loan fees of $1.0 million and $1.5 million for the three months ended September 30, 2025 and 2024, respectively. 

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