Company: FGBI
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001408534-25-000036
Chunk: 140

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 8
Chunk 140
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 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 $618.4 million at March 31, 2025 compared to $564.2 million at December 31, 2024. Loans maturing within one year or less at March 31, 2025 totaled $400.2 million compared to $486.0 million at December 31, 2024. At March 31, 2025, time deposits maturing within one year or less totaled $890.0 million compared to $804.1 million at December 31, 2024. Time deposits maturing after one year through three years totaled $372.5 million at March 31, 2025 compared to $489.6 million at December 31, 2024. Time deposits maturing after three years totaled $158.9 million at March 31, 2025 compared to $157.0 million at December 31, 2024. First Guaranty's held to maturity ("HTM") securities portfolio at March 31, 2025 was $321.9 million, or 54.1% 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 $273.0 million, or 45.9% of the investment portfolio as of March 31, 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, collaterlized mortgage obligations and mortgage-backed securities. 

First Guaranty maintained a net borrowing capacity at the Federal Home Loan Bank totaling $371.9 million and $339.2 million at March 31, 2025 and December 31, 2024, respectively with $135.0 million in FHLB advances outstanding at March 31, 2025 and December 31, 2024. The advances outstanding at March 31, 2025 and December 31, 2024 were comprised of two long-term advances that totaled $135.0 million. The change in borrowing capacity