Company: FGBI
Filing Date: 2025-08-18
Form Type: 10-Q
Source: 0001408534-25-000070
Chunk: 161

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-08-18
Form: 10-Q
Item: Part I, Item 8
Chunk 161
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 noninterest expense:  Legal and professional fees$671 $1,504 $1,759 $2,477 Data processing349 406 686 783 ATM fees502 394 852 813 Marketing and public relations163 370 404 703 Taxes - sales, capital, and franchise543 607 1,043 1,211 Operating supplies49 105 86 206 Software expense and amortization1,188 1,367 2,404 2,620 Travel and lodging126 260 198 487 Telephone104 137 195 242 Amortization of core deposit intangibles174 174 348 348 Donations82 108 140 183 Net costs from other real estate and repossessions24 179 74 383 Regulatory assessment1,609 989 3,153 1,922 Other1,235 1,022 2,413 2,007 Total other noninterest expense$6,819 $7,622 $13,755 $14,385   

Income Taxes

The amount of income tax expense is influenced by the amount of pre-tax income, the amount of tax-exempt income and the amount of other non-deductible expenses and the statutory tax rate. The benefit for income taxes for the three months ended June 30, 2025 was $2.2 million compared to a provision of $2.2 million for the same period in 2024. The provision for income taxes decreased due to a decrease in income before income taxes. First Guaranty's statutory tax rate was 21.0% for the three months ended June 30, 2025 and 2024. 

The benefit for income taxes for the six months ended June 30, 2025 was $4.0 million compared to a provision of $2.8 million for the same period in 2024. The provision for income taxes decreased due to a decrease in income before income taxes. First Guaranty's statutory tax rate was 21.0% for the six months ended June 30, 2025 and 2024. 

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Liquidity and Capital Resources

Liquidity

Liquidity refers to the ability or flexibility to manage future cash flows to meet the needs of depositors and borrowers and fund operations. Maintaining appropriate levels of liquidity allows us to