Company: FGBI
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0001408534-25-000015
Chunk: 159

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-03-17
Form: 10-K
Item: Item 8
Chunk 159
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 5,038 6,762 Commercial leases— 1,533 1,533 Consumer and other233 — 233 Total Non-Real Estate2,686 7,834 10,520 Total Nonaccrual Loans$45,332 $63,197 $108,529 As of December 31, 2023(in thousands)With Related Allowance Without Related Allowance TotalReal Estate:Construction & land development$530 $— $530 Farmland511 325 836 1 - 4 family5,417 1,568 6,985 Multifamily— 537 537 Non-farm non-residential8,730 1,010 9,740 Total Real Estate15,188 3,440 18,628 Non-Real Estate:Agricultural399 970 1,369 Commercial and industrial1,581 — 1,581 Commercial leases— 1,799 1,799 Consumer and other1,810 — 1,810 Total Non-Real Estate3,790 2,769 6,559 Total Nonaccrual Loans$18,978 $6,209 $25,187 

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The following table presents First Guaranty's loan portfolio by credit quality classification and origination year as of the date indicated: As of December 31, 2024Term Loans by Origination Year(in thousands)20242023202220212020PriorRevolving LoansTotalReal Estate:        Construction & land development:   Pass $18,411 $110,178 $135,554 $17,703 $1,728 4,422 $12,734 $300,730    Special Mention609 16,956 91 — 81 64 30 17,831    Substandard— 1,461 8,572 599 246 525 — 11,403    Doubtful— — — 84 — — — 84 Total Construction & land development19,020 128,595 144,217 18,386 2,055 5,011 12,764 330,048 Current period gross charge-offs— — 39 — — — — 39 Farmland      Pass2,373