Company: FGBI
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001408534-25-000036
Chunk: 14

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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,669 38,053 40,722 — Commercial and industrial1,293 6,762 8,055 249,463 257,518 — Commercial leases— 1,533 1,533 218,667 220,200 — Consumer and other860 233 1,093 41,174 42,267 — Total Non-Real Estate2,830 10,520 13,350 547,357 560,707 — Total Loans Before Unearned Income$56,115 $120,031 $176,146 $2,525,934 $2,702,080 $11,502 Unearned income    (8,300) Total Loans Net of Unearned Income    $2,693,780   The tables above include $133.4 million and $108.5 million of nonaccrual loans at March 31, 2025 and December 31, 2024, respectively. See the tables below for more detail on nonaccrual loans.

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The following is a summary of nonaccrual loans by class at the dates indicated: As of March 31, 2025(in thousands)With Related AllowanceWithout Related AllowanceTotalReal Estate:  Construction & land development$9,952 $1,550 $11,502 Farmland665 1,512 2,177 1- 4 family7,837 2,745 10,582 Multifamily25,985 548 26,533 Non-farm non-residential10,386 62,563 72,949 Total Real Estate54,825 68,918 123,743 Non-Real Estate:  Agricultural883 915 1,798 Commercial and industrial1,666 4,486 6,152 Commercial leases286 1,247 1,533 Consumer and other167 — 167 Total Non-Real Estate3,002 6,648 9,650 Total Nonaccrual Loans$57,827 $75,566 $133,393 As of December 31, 2024(in thousands)With Related AllowanceWithout Related AllowanceTotalReal Estate:  Construction & land development$697 $2,927 $3,624 Farmland678 1