Company: FGBI
Filing Date: 2025-08-18
Form Type: 10-Q
Source: 0001408534-25-000070
Chunk: 203

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-08-18
Form: 10-Q
Item: Part I, Item 2
Chunk 203
---
 balance and average yield of securities. The average balance of securities increased $300.2 million to $671.1 million for the three months ended June 30, 2025 from $370.9 million for the three months ended June 30, 2024 primarily due to a increase in the average balance of our U.S. Treasuries, mortgage-backed securities, and collateralized mortgage obligations securities portfolio compared to the prior year. The average yield on securities increased 78 basis points to 3.46% for the three months ended June 30, 2025 compared to 2.68% for the three months ended June 30, 2024 due to the increase in higher yielding securities. 

Interest income on loans decreased $6.5 million or 13.8%, to $41.0 million for the three months ended June 30, 2025 as compared to the prior year period as a result of a decrease in the average balance and average yield of loans. The average balance of loans (excluding loans held for sale) decreased by $347.3 million to $2.5 billion for the three months ended June 30, 2025 from $2.8 billion for the three months ended June 30, 2024 largely as a result of loan sales and payoffs on the portfolio. The average yield on loans (excluding loans held for sale) decreased by 12 basis points to 6.69% for the three months ended June 30, 2025 from 6.81% for the three months ended June 30, 2024. 

Interest income on interest-earning deposits with banks increased $3.9 million to $7.5 million for the three months ended June 30, 2025 as compared to the prior year period as a result of an increase in the average balance of interest-bearing deposits with banks. The average balance of interest-bearing deposits with banks increased $405.3 million to $676.5 million for the three months ended June 30, 2025 from $271.1 million for the three months ended June 30, 2024. This was partially offset by a decrease in the yield on interest-earning deposits of 93 basis points.

Six months ended June 30, 2025 compared to the six months ended June 30,