Company: FGBI
Filing Date: 2025-08-18
Form Type: 10-Q
Source: 0001408534-25-000070
Chunk: 0

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-08-18
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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Item 1.     Consolidated Financial Statements

FIRST GUARANTY BANCSHARES, INC. AND SUBSIDIARY

CONSOLIDATED BALANCE SHEETS (unaudited) 

(in thousands, except share data)June 30, 2025December 31, 2024Assets  Cash and cash equivalents:  Cash and due from banks$714,313 $563,778 Federal funds sold557 430 Cash and cash equivalents714,870 564,208 Interest-earning time deposits with banks250 250 Investment securities:  Available for sale, at fair value (cost of $398,112 and $284,321, respectively)397,573 281,097 Held to maturity, at cost and net of allowance for credit losses of $150 (estimated fair value of $260,080 and $251,458, respectively)322,149 321,622 Investment securities719,722 602,719 Federal Home Loan Bank stock, at cost9,956 9,706 Loans, net of unearned income2,410,505 2,693,780 Less: allowance for credit losses58,871 34,811 Net loans2,351,634 2,658,969 Premises and equipment, net66,035 67,789 Goodwill12,900 12,900 Intangible assets, net3,056 3,474 Other real estate, net7,657 319 Accrued interest receivable13,305 14,850 Other assets70,196 37,544 Total Assets$3,969,581 $3,972,728 Liabilities and Shareholders' Equity  Deposits:  Noninterest-bearing demand$442,267 $404,056 Interest-bearing demand1,402,960 1,387,068 Savings247,120 234,444 Time1,388,991 1,450,692 Total deposits3,481,338 3,476,260 Repurchase agreements7,117 7,009 Accrued interest payable19,498 20,437 Long-term advances from Federal Home Loan Bank135,000 135,000 Senior long-term debt14,186 15,169 Junior subordinated debentures29,775 44,745 Other