Company: FGBI
Filing Date: 2025-08-18
Form Type: 10-Q
Source: 0001408534-25-000070
Chunk: 39

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-08-18
Form: 10-Q
Item: Part I, Item 1
Chunk 39
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 $— $— $563,778 Federal funds sold430 430 — — 430 Securities, available for sale281,097 147,780 127,222 6,095 281,097 Securities, held for maturity321,622 — 251,458 — 251,458 Loans, net2,658,969 — — 2,508,440 2,508,440 Accrued interest receivable14,850 — — 14,850 14,850 LiabilitiesDeposits$3,476,260 $— $— $3,475,411 3,475,411 Repurchase agreements7,009 — — 7,005 7,005 Accrued interest payable20,437 — — 20,437 20,437 Long-term advances from Federal Home Loan Bank135,000 — — 134,977 134,977 Senior long-term debt15,169 — — 15,274 15,274 Junior subordinated debentures44,745 — — 45,000 45,000 There is no material difference between the contract amount and the estimated fair value of off-balance sheet items that are primarily comprised of short-term unfunded loan commitments that are generally at market prices.

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Note 13. Segment Reporting

First Guaranty is engaged in a single line of business as a financial institution, which provides a full range of banking, financial and trust services to state, county and local government entities and individuals and small and commercial businesses. First Guaranty has identified its President and Chief Executive Officer as the chief operating decision maker (“CODM”), who uses consolidated net income (see Consolidated Statements of Income) to determine how resources should be allocated and manage First Guaranty. First Guaranty’s operations constitute a single operating segment and therefore, a single reportable segment, because the CODM manages the business activities using information of First Guaranty as a whole. The accounting policies used to measure the profit and loss of the segment are the same as those described in the summary of significant accounting policies described in Note 1 included in Form 10-K for the year ended December 31, 2024. First Guaranty’s most significant reported source of income and expense are interest income and interest expense (see Consolidated Statements