Company: FGBI
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001408534-25-000092
Chunk: 122

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-11-17
Form: 10-Q
Item: Part I, Item 8
Chunk 122
---
 material effect on First Guaranty's consolidated financial statements.ASU 2024-03, "Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures" (ASU 2024-03") requires the disaggregation of certain expenses in the notes to the financial statements, to provide enhanced transparency into the expense captions presented on the face of the income statement. The amendments in ASU 2024-03 are effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. Early adoption is permitted. The amendments in this ASU may be applied either prospectively or retrospectively. The Company is currently evaluating the impact that this update will have on its disclosures in the consolidated financial statements.

-12-

Note 3. Securities

 A summary comparison of securities by type at September 30, 2025 and December 31, 2024 is shown below.  September 30, 2025December 31, 2024(in thousands)Amortized CostGrossUnrealized GainsGrossUnrealized LossesFair ValueAmortized CostGross Unrealized GainsGrossUnrealized LossesFair ValueAvailable for sale:        U.S. Treasuries$— $— $— $— $147,840 $33 $(93)$147,780 U.S. Government Agencies— — — — — — — — Corporate debt securities8,300 — (245)8,055 12,250 — (668)11,582 Municipal bonds17,723 190 (460)17,453 21,736 220 (339)21,617 Collateralized mortgage obligations136,305 824 (101)137,028 32,065 — (446)31,619 Mortgage-backed securities210,545 1,637 (383)211,799 70,430 — (1,931)68,499 Total available for sale securities$372,873 $2,651 $(1,189)$374,335 $284,321 $253 $(3,477)$281,097 Held to maturity:        U.S. Government Agencies$267,410 $— $(54,569)$212,841 $266,761