Company: FGBI
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0001408534-25-000015
Chunk: 130

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-03-17
Form: 10-K
Item: Item 7A
Chunk 130
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 interest rate outlook.  These strategies include, but are not limited to, frequent internal modeling of asset and liability values and behavior due to changes in interest rates. We monitor cash flow forecasts closely and evaluate the impact of both prepayments and extension risk.

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The following interest sensitivity analysis is one measurement of interest rate risk. This analysis, which we prepare quarterly, reflects the contractual maturity characteristics of assets and liabilities over various time periods. This analysis does not factor in prepayments or interest rate floors on loans which may significantly change the report. This table includes nonaccrual loans in their respective maturity periods. The gap indicates whether more assets or liabilities are subject to repricing over a given time period. The interest sensitivity analysis at December 31, 2024 illustrated below reflects a liability-sensitive position with a negative cumulative gap on a one-year basis.

 December 31, 2024 Interest Sensitivity Within(dollars in thousands)3 Months Or LessOver 3 Monthsthru 12 MonthsTotal One YearOver One YearTotalEarning Assets:     Loans (including loans held for sale)$917,176 $387,048 $1,304,224 $1,389,556 $2,693,780 Securities (including FHLB stock)109,213 54,391 163,604 448,821 612,425 Federal Funds Sold430 — 430 — 430 Other earning assets545,081 — 545,081 — 545,081 Total earning assets$1,571,900 $441,439 $2,013,339 $1,838,377 $3,851,716 Source of Funds:     Interest-bearing accounts:     Demand deposits$1,387,068 $— $1,387,068 $— $1,387,068 Savings deposits234,444 — 234,444 — 234,444 Time deposits208,429 595,703 804,132 646,560 1,450,692 Short-term borrowings— — — 6,916 6,916 Senior long-term debt15,169 — 15,169 135,000 150,169 Junior subordinated debt44,745 — 44,745 — 44,745 Noninterest-bearing, net— — — 577,682