Company: FGBI
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001408534-25-000092
Chunk: 177

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-11-17
Form: 10-Q
Item: Part I, Item 8
Chunk 177
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5 million increase in the allowance for loans individually evaluated. 

•Commercial leases decreased $85.2 million during the first nine months of 2025. The allowance increase related to this portfolio was due to changes in the qualitative analysis of the portfolio, and a $39.7 million increase in the allowance for loans individually evaluated.

•Consumer and other loans decreased $7.5 million during the first nine months of 2025. The decrease in the related loan loss allowance balance was due primarily to charge-offs and qualitative analysis of the portfolio.

First Guaranty charged off $29.4 million in loan balances during the first nine months of 2025. The details of the $29.4 million in charged-off loans were as follows:

1.First Guaranty charged off $0.9 million in consumer loans during the first nine months of 2025. The consumer loan charge-offs included $0.2 million in credit card loans, $0.3 million of loans secured by automobiles or equipment, and $0.4 million in unsecured loans.

2.First Guaranty charged off $4.9 million on a construction and land development loan that was subsequently sold during the first quarter of 2025. This relationship had no remaining principal balance as of September 30, 2025.

3.First Guaranty charged off $0.9 million on a construction and land development loan that was subsequently sold during the first quarter of 2025. This relationship had no remaining principal balance as of  September 30, 2025.

4.First Guaranty charged off $0.3 million on a commercial and industrial loan during the second quarter of 2025. This relationship had no remaining principal balance as of September 30, 2025.

5.First Guaranty charged off $0.2 million on a commercial lease loan relationship during the second quarter of 2025. This relationship had a remaining principal balance of $1.0 million as of September 30, 2025.

6.First Guaranty charged off $10.4 million on a multifamily loan during the third quarter of 2025. This relationship had a remaining principal balance of $15.4 million as of September 30, 2025.

7.First Guaranty charged off $9.4 million on a non-farm non-residential loan relationship secured by an independent living center during the third quarter of 2025. This relationship had a remaining principal balance of $18.1 million as of September 30