Company: FGBI
Filing Date: 2025-08-18
Form Type: 10-Q
Source: 0001408534-25-000070
Chunk: 1

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-08-18
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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 liabilities19,579 19,059 Total Liabilities3,706,493 3,717,679 Shareholders' Equity  Preferred stock, Series A - $1,000 par value - 100,000 shares authorized     Non-cumulative perpetual; 34,500 shares issued and outstanding33,058 33,058 Common stock, $1 par value - 100,600,000 shares authorized; 15,120,172 and 12,504,717 shares issued and outstanding15,120 12,505 Surplus167,041 149,389 Retained earnings58,078 72,965 Accumulated other comprehensive (loss) income(10,209)(12,868)Total Shareholders' Equity263,088 255,049 Total Liabilities and Shareholders' Equity$3,969,581 $3,972,728 

See Notes to Consolidated Financial Statements

-4-

FIRST GUARANTY BANCSHARES, INC. AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF INCOME (unaudited) 

 Three Months Ended June 30,Six Months Ended June 30,(in thousands, except share data)2025202420252024Interest Income:  Loans (including fees)$41,013 $47,552 $83,982 $94,470 Deposits with other banks7,511 3,626 13,510 7,102 Securities (including FHLB stock)5,797 2,473 11,292 4,987 Total Interest Income54,321 53,651 108,784 106,559 Interest Expense:  Demand deposits12,708 17,059 24,912 34,035 Savings deposits1,336 1,327 2,598 2,554 Time deposits15,196 10,446 31,086 20,018 Borrowings2,841 3,577 5,725 6,789 Total Interest Expense32,081 32,409 64,321 63,396 Net Interest Income22,240 21,242 44,463 43,163 Less: Provision for credit losses16,610 6,805 31,158 9,109 Net Interest Income after Provision for Credit Losses5,630