Company: FGBI
Filing Date: 2025-08-18
Form Type: 10-Q
Source: 0001408534-25-000070
Chunk: 160

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-08-18
Form: 10-Q
Item: Part I, Item 8
Chunk 160
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 June 30, 2025 and 2024. Net gains on the sale of loans were $0 for the six months ended June 30, 2025 and $10,000 for the same period in 2024. Net gains on the sale of assets were $4,000 for the six months ended June 30, 2025 compared to $13.2 million for the same period in 2024. Other noninterest income totaled $1.3 million for the six months ended June 30, 2025 and $1.5 million for the same period in 2024.

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Noninterest Expense

Noninterest expense includes salaries and employee benefits, occupancy and equipment expense and other types of expenses. Noninterest expense totaled $17.3 million for the three months ended June 30, 2025 and $20.6 million for the three months ended June 30, 2024. Salaries and benefits expense totaled $7.8 million for the three months ended June 30, 2025 and $10.4 million for the three months ended June 30, 2024. Occupancy and equipment expense totaled $2.6 million for the three months ended June 30, 2025 and $2.5 million for the same period in 2024. Other noninterest expense totaled $6.8 million for the three months ended June 30, 2025 and $7.6 million for the same period in 2024. 

Noninterest expense totaled $35.3 million for the six months ended June 30, 2025 and $39.5 million for the six months ended June 30, 2024. Salaries and benefits expense totaled $16.3 million for the six months ended June 30, 2025 and $20.3 million for the six months ended June 30, 2024. Occupancy and equipment expense totaled $5.2 million for the six months ended June 30, 2025 and $4.8 million for the same period in 2024. Other noninterest expense totaled $13.8 million for the six months ended June 30, 2025 and $14.4 million for the same period in 2024. 

The following table presents, for the periods indicated, the major categories of other noninterest expense:

 Three Months Ended June 30,Six Months Ended June 30,(in thousands)2025202420252024Other