Company: FGBI
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001408534-25-000092
Chunk: 226

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-11-17
Form: 10-Q
Item: Part I, Item 2
Chunk 226
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 The loan was designated special mention in the first quarter of 2025. The loan was originated in 2020.

4.A $15.9 million non-farm non-residential relationship secured by a warehouse located in Louisiana. The loan was designated special mention in the first quarter of 2025. The loan was originated in 2024.

5.A $10.8 million construction and land development secured by land located in Texas. The loan was designated special mention in the second quarter of 2025. The loan was originated in 2022.

6.A $8.7 million non-farm non-residential relationship secured by a hotel located in Mississippi. The loan was designated special mention in the fourth quarter of 2024. The loan was originated in 2015.

7.A $7.8 million loan relationship secured by commercial real estate located in Louisiana. The loan was designated special mention in the fourth quarter of 2024. The loan was originated in 2011.

8.A $7.5 million non-farm non-residential relationship secured by an office located in Texas. The loan was designated special mention in the fourth quarter of 2024. The loan was originated in 2021.

9.A $5.0 million multifamily loan relationship secured by an apartment complex located in Florida. The loan was designated special mention in the first quarter of 2025. The loan was originated in 2022.

10.A $4.9 million loan relationship secured by a hotel property located in Georgia. The loan was designated special mention in the third quarter of 2025. The loan was originated in 2023.

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Top 10 Special Mention Relationships Current BalanceAllocated ReserveOrigination Year(s)LocationRelationship Description    1Apartment Complex$40,719 $— 2021Louisiana2Manufacturing Company39,575 — 2015-2024Louisiana3Marine Industry20,281 — 2020Louisiana4Warehouse Facility/Office Complex15,919 — 2024Louisiana5Subdivision Development10,808 — 2022Texas6Hotel8,670 — 2015Mississippi7Warehouse Facility7,780 — 2011Louisiana8Office7,534 — 2021Texas9Apartment Complex4,965 — 2022Florida10Hotel Properties4,859 — 2023Georgia$161,110 $— 

Net loans are reduced by the allowance for credit