Company: FGBI
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0001408534-25-000015
Chunk: 119

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-03-17
Form: 10-K
Item: Item 7
Chunk 119
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.44 %3.35 %Average loans to average deposits86.96 %92.69 %85.94 %83.65 %81.25 %Efficiency ratio (2)68.16 %83.62 %63.94 %63.63 %58.95 %Efficiency ratio (excluding amortization of intangibles and securities transactions) (2)67.54 %82.89 %63.30 %63.32 %68.44 %Full time equivalent employees (year end)399 491 472 470 429 

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At or For the Years Ended December 31,(in thousands except for % and share data)20242023202220212020Capital Ratios:Average shareholders' equity to average assets6.85 %7.31 %7.62 %7.65 %7.62 %Average tangible equity to average tangible assets (3)6.44 %6.82 %7.08 %7.02 %6.86 %Common shareholders' equity to total assets5.59 %6.10 %6.41 %6.63 %7.22 %Tangible common equity to tangible assets (3)5.21 %5.65 %5.89 %6.04 %6.51 %Income Data:Interest income$221,706 $183,009 $136,576 $111,917 $100,684 Interest expense$133,268 $98,304 $36,534 $22,299 $26,017 Net interest income$88,438 $84,705 $100,042 $89,618 $74,667 Provision for credit losses$20,034 $3,714 $3,656 $2,055 $14,877 Noninterest income (excluding securities transactions)$24,739 $10,577 $11,026 $10,046 $8,989 Securities (losses) gains$— $— $(17)$714 $14,791 Noninterest expense$77,137 $79,672 $71,005 $63,868 $58,033 Earnings before income taxes$16