Company: FGBI
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001408534-25-000092
Chunk: 258

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-11-17
Form: 10-Q
Item: Part I, Item 2
Chunk 258
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 ("HTM") securities portfolio at September 30, 2025 was $322.4 million, or 46.3% of the investment portfolio, compared to $321.6 million, or 53.4% at December 31, 2024. First Guaranty's available for sale ("AFS") securities portfolio was $374.3 million, or 53.7% of the investment portfolio as of September 30, 2025 compared to $281.1 million, or 46.6% of the investment portfolio at December 31, 2024. The majority of the AFS portfolio was comprised of corporate debt securities, municipal bonds, collateralized mortgage obligations and mortgage-backed securities. 

First Guaranty maintained a net borrowing capacity at the Federal Home Loan Bank totaling $185.4 million and $339.2 million at September 30, 2025 and December 31, 2024, respectively with $135.0 million in FHLB advances outstanding at September 30, 2025 and December 31, 2024. The advances outstanding at September 30, 2025 and December 31, 2024 were comprised of two long-term advances that totaled $135.0 million. The change in borrowing capacity with the Federal Home Loan Bank was due to changes in the value that First Guaranty receives on pledged collateral and due to First Guaranty's usage of the line. First Guaranty has increasingly transitioned public funds deposits into reciprocal deposit programs for collateralization as an alternative to FHLB letters of credit. We also maintain federal funds lines of credit at various correspondent banks with borrowing capacity of $93.0 million as of September 30, 2025. We also have a discount window line with the Federal Reserve Bank that totaled $214.3 million at September 30, 2025 which was a decrease of $36.1 million compared to availability of $250.4 million at December 31, 2024. First Guaranty did not have any advances under this facility at September 30, 2025. Management believes there is sufficient liquidity to satisfy current operating needs.

Capital Resources

First Guaranty's capital position is reflected in shareholders' equity, subject to certain adjustments for regulatory purposes. Further, our capital base allows us to take advantage of business opportunities while maintaining the level of resources we deem appropriate to address business risks inherent in daily operations.

Total shareholders' equity decreased to $221