Company: FGBI
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001408534-25-000092
Chunk: 192

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-11-17
Form: 10-Q
Item: Part I, Item 8
Chunk 192
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,031 19,021 Premises and equipment, net65,039 68,974 Other assets19,419 35,860 Total Assets$3,872,264 $3,726,451 Liabilities and Shareholders' EquityInterest-bearing 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,