Company: FGBI
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001408534-25-000036
Chunk: 15

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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,941 2,619 1- 4 family7,309 2,744 10,053 Multifamily25,986 1,556 27,542 Non-farm non-residential7,976 46,195 54,171 Total Real Estate42,646 55,363 98,009 Non-Real Estate:  Agricultural729 1,263 1,992 Commercial and industrial1,724 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  

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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 March 31, 2025Term Loans by Origination Year(in thousands)20252024202320222021PriorRevolving LoansTotalReal Estate:        Construction & land development:   Pass $526 $18,550 $123,362 $62,581 $16,906 7,965 $5,969 $235,859    Special Mention— 1,206 169 4,962 — 140 7,968 14,445    Substandard1,350 — 27,460 8,561 142 474 — 37,987    Doubtful— — — — — — — — Total Construction & land development1,876 19,756 150,991 76,104 17,048 8,579 13,937 288,291 Current period gross charge-offs— — — 5,794 — — — 5,794 Farmland      Pass— 2,329 7,723 3,459 3,294 3,189 1,975 21,969       Special Mention— 3,021 — 54 — 1,729 — 4,804    Substandard— — 381 24 — 2,783 — 3,188    Doubtful— — — —