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

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-08-18
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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- 4 family6,653 (773)7 763 6,650 Multifamily1,614 — — 101 1,715 Non-farm non-residential10,596 (4,120)21 2,440 8,937 Total Real Estate24,744 (5,190)29 2,632 22,215 Non-Real Estate:Agricultural97 (33)18 20 102 Commercial and industrial2,711 (3,570)126 2,515 1,782 Commercial leases1,948 — — (50)1,898 Consumer and other1,426 (2,259)331 3,154 2,652 Unallocated— — — 1,638 1,638 Total Non-Real Estate6,182 (5,862)475 7,277 8,072 Total Loans$30,926 $(11,052)$504 $9,909 $30,287 Unfunded lending commitments2,810 — — (800)2,010 Total$33,736 $(11,052)$504 $9,109 $32,297 Negative provisions are caused by changes in the composition and credit quality of the loan portfolio and by recoveries. The result is an allocation of the credit loss reserve from one category to another.

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A summary of the allowance along with loans and leases individually and collectively evaluated are as follows: As of June 30, 2025(in thousands)AllowanceIndividuallyEvaluatedAllowanceCollectively EvaluatedTotal Allowancefor Credit LossesLoansIndividuallyEvaluatedLoansCollectivelyEvaluatedTotal LoansbeforeUnearned IncomeReal Estate:      Construction & land development$508 $3,132 $3,640 $19,380 $249,448 $268,828 Farmland— 172 172 2,543 29,724 32,267 1- 4 family1,294 14,706 16,000 8,362 432,103 440,465 Multifamily6,255 1,231 7,486 34,643 110,221 144,864 Non-farm non-residential10,099 11,765 21,864 74