Company: FGBI
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0001408534-25-000015
Chunk: 118

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-03-17
Form: 10-K
Item: Item 7
Chunk 118
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 Financial Data

The following table presents consolidated selected financial data for First Guaranty. It does not purport to be complete and is qualified in its entirety by more detailed financial information and the audited consolidated financial statements contained elsewhere in this annual report. 

At or For the Years Ended December 31,(in thousands except for %)20242023202220212020Year End Balance Sheet Data:Investment securities$602,719 $404,123 $451,526 $364,156 $238,548 Federal funds sold$430 $341 $423 $183 $702 Loans, net of unearned income$2,693,780 $2,748,708 $2,519,077 $2,159,359 $1,844,135 Allowance for credit losses$34,811 $30,926 $23,518 $24,029 $24,518 Total assets$3,972,728 $3,552,772 $3,151,347 $2,878,120 $2,473,078 Total deposits$3,476,260 $3,009,094 $2,723,792 $2,596,492 $2,166,318 Borrowings$201,923 $275,396 $183,369 $49,635 $116,630 Shareholders' equity$255,049 $249,631 $234,991 $223,889 $178,591 Common shareholders' equity$221,991 $216,573 $201,933 $190,831 $178,591 Performance Ratios and Other Data:Return on average assets0.34 %0.28 %0.97 %1.01 %0.87 %Return on average common equity4.58 %3.36 %13.64 %14.06 %11.36 %Return on average tangible assets (1)0.35 %0.30 %0.99 %1.04 %0.90 %Return on average tangible common equity (1)5.21 %3.98 %15.31 %15.98 %13.08 %Net interest margin2.47 %2.69 %3.47 %3