Company: FGBI
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001408534-25-000092
Chunk: 27

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-11-17
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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Item 1.     Consolidated Financial Statements

FIRST GUARANTY BANCSHARES, INC. AND SUBSIDIARY

CONSOLIDATED BALANCE SHEETS (unaudited) 

(in thousands, except share data)September 30, 2025December 31, 2024Assets  Cash and cash equivalents:  Cash and due from banks$753,629 $563,778 Federal funds sold554 430 Cash and cash equivalents754,183 564,208 Interest-earning time deposits with banks250 250 Investment securities:  Available for sale, at fair value (cost of $372,873 and $284,321, respectively)374,335 281,097 Held to maturity, at cost and net of allowance for credit losses of $150 (estimated fair value of $264,566 and $251,458, respectively)322,413 321,622 Investment securities696,748 602,719 Federal Home Loan Bank stock, at cost10,079 9,706 Loans, net of unearned income2,279,741 2,693,780 Less: allowance for credit losses85,713 34,811 Net loans2,194,028 2,658,969 Premises and equipment, net59,979 67,789 Goodwill— 12,900 Intangible assets, net2,847 3,474 Other real estate, net12,050 319 Accrued interest receivable14,776 14,850 Other assets52,396 37,544 Total Assets$3,797,336 $3,972,728 Liabilities and Shareholders' Equity  Deposits:  Noninterest-bearing demand$396,906 $404,056 Interest-bearing demand1,390,219 1,387,068 Savings215,077 234,444 Time1,352,695 1,450,692 Total deposits3,354,897 3,476,260 Repurchase agreements7,117 7,009 Accrued interest payable16,333 20,437 Long-term advances from Federal Home Loan Bank135,000 135,000 Senior long-term debt14,196 15,169 Junior subordinated debentures29,790 44,745 Other liabilities18