Company: FGBI
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001408534-25-000036
Chunk: 78

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 8
Chunk 78
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55,055 2 (4,835)50,222 55,011 — (5,643)49,368 Total held to maturity securities$322,033 $2 $(62,394)$259,641 $321,772 $— $(70,314)$251,458  The scheduled maturities of securities at March 31, 2025, by contractual maturity, are shown below. Actual maturities may differ from contractual maturities due to calls or prepayments. Mortgage-backed securities are not due at a single maturity because of amortization and potential prepayment of the underlying mortgages. For this reason, they are presented separately in the maturity table below:   At March 31, 2025(in thousands)Amortized CostFair ValueAvailable for sale:  Due in one year or less$50,395 $50,331 Due after one year through five years5,645 5,653 Due after five years through 10 years19,153 18,558 Over 10 years2,715 2,471 Subtotal77,908 77,013 Collateralized mortgage obligations44,036 44,146 Mortgage-backed securities152,511 151,868 Total available for sale securities$274,455 $273,027 Held to maturity:  Due in one year or less$— $— Due after one year through five years8,395 7,872 Due after five years through 10 years133,892 117,585 Over 10 years179,746 134,184 Total held to maturity securities$322,033 $259,641  At March 31, 2025, $289.6 million of First Guaranty's securities were pledged to secure public funds deposits and borrowings. The pledged securities had a market value of $239.8 million as of March 31, 2025.Accrued interest receivable on First Guaranty's investment securities was $3.0 million and $1.4 million at March 31, 2025 and December 31, 2024, respectively, and was included in accrued interest receivable on the consolidated balance sheet. First Guaranty had a $0.2 million allowance for credit losses related to the held to maturity portfolio at March 31, 2025 and December 31