Company: FGBI
Filing Date: 2025-08-18
Form Type: 10-Q
Source: 0001408534-25-000070
Chunk: 94

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-08-18
Form: 10-Q
Item: Part I, Item 8
Chunk 94
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 Association (Ginnie Mae-GNMA)195,714 195,943 Total$518,115 $459,964 

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Note 4. Loans

 The following table summarizes the components of First Guaranty's loan portfolio as of June 30, 2025 and December 31, 2024:  June 30, 2025December 31, 2024(in thousands except for %)BalanceAs % of CategoryBalanceAs % of CategoryReal Estate:    Construction & land development$268,828 11.1 %$330,048 12.2 %Farmland32,267 1.3 %35,991 1.3 %1- 4 Family440,465 18.2 %450,371 16.7 %Multifamily144,864 6.0 %165,121 6.1 %Non-farm non-residential1,052,503 43.5 %1,159,842 42.9 %Total Real Estate1,938,927 80.1 %2,141,373 79.2 %Non-Real Estate:    Agricultural42,831 1.8 %40,722 1.5 %Commercial and industrial238,144 9.9 %257,518 9.5 %Commercial leases159,209 6.6 %220,200 8.2 %Consumer and other 38,240 1.6 %42,267 1.6 %Total Non-Real Estate478,424 19.9 %560,707 20.8 %Total Loans Before Unearned Income2,417,351 100.0 %2,702,080 100.0 %Unearned income(6,846) (8,300) Total Loans Net of Unearned Income$2,410,505  $2,693,780  Accrued interest receivable on First Guaranty's loans totaled $11.0 million and $13.4 million at June 30, 2025 and December 31, 2024, respectively, and is included in accrued interest receivable on the consolidated balance sheet. Accrued interest receivable is excluded from First Guaranty's estimate of the allowance for credit losses.The following