Company: FGBI
Filing Date: 2025-08-18
Form Type: 10-Q
Source: 0001408534-25-000070
Chunk: 80

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-08-18
Form: 10-Q
Item: Part I, Item 1
Chunk 80
---
 income taxes. First Guaranty's statutory tax rate was 21.0% for the six months ended June 30, 2025 and 2024. 

-52-

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 have sufficient funds available to meet customer demand for loans, withdrawal of deposit balances and maturities of deposits and other liabilities. Liquid assets include cash and due from banks, interest-earning demand deposits with banks, federal funds sold and available for sale investment securities.

First Guaranty's cash and cash equivalents totaled $714.9 million at June 30, 2025 compared to $564.2 million at December 31, 2024. Loans maturing within one year or less at June 30, 2025 totaled $504.1 million compared to $486.0 million at December 31, 2024. At June 30, 2025, time deposits maturing within one year or less totaled $865.1 million compared to $804.1 million at December 31, 2024. Time deposits maturing after one year through three years totaled $371.6 million at June 30, 2025 compared to $489.6 million at December 31, 2024. Time deposits maturing after three years totaled $152.3 million at June 30, 2025 compared to $157.0 million at December 31, 2024. First Guaranty's held to maturity ("HTM") securities portfolio at June 30, 2025 was $322.1 million, or 44.8% of the investment portfolio, compared to $321.6 million, or 53.4% at December 31, 2024. First Guaranty's available for sale ("AFS") securities portfolio was $397.6 million, or 55.2% of the investment portfolio as of June 30, 2025 compared to $281.1 million, or 46.6% of the investment portfolio at December 31, 2024. The majority of the AFS portfolio was comprised of U.S. Treasury securities, corporate debt securities, municipal bonds, collateralized mortgage obligations and mortgage-backed securities. 

First Guaranty maintained a net borrowing capacity at the Federal Home Loan Bank totaling $