Company: FGBI
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0001408534-25-000015
Chunk: 138

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-03-17
Form: 10-K
Item: Item 8
Chunk 138
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aries and employee benefits38,304 40,422 Occupancy and equipment expense10,187 9,027 Other28,646 30,223 Total Noninterest Expense77,137 79,672 Income Before Income Taxes16,006 11,896 Less: Provision for income taxes3,558 2,677 Net Income12,448 9,219 Less: Preferred stock dividends2,329 2,329 Net Income Available to Common Shareholders$10,119 $6,890 Per Common Share:   Earnings$0.81 $0.62 Cash dividends paid$0.41 $0.64 Weighted Average Common Shares Outstanding12,501,035 11,165,303 See Notes to Consolidated Financial Statements

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FIRST GUARANTY BANCSHARES, INC. AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) 

 Years Ended December 31,(in thousands)20242023Net Income$12,448 $9,219 Other comprehensive income:Unrealized (losses) gains on securities:Unrealized holding gains arising during the period115 2,872 Reclassification adjustments for (gains) included in net income— — Change in unrealized gains on securities115 2,872 Tax impact(24)(603)Other comprehensive income91 2,269 Comprehensive Income$12,539 $11,488 

See Notes to Consolidated Financial Statements

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FIRST GUARANTY BANCSHARES, INC. AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY

  Preferred Stock $1,000 Par Common Stock$1 ParSurplusRetainedEarningsAccumulatedOther ComprehensiveIncome/(Loss)Total     Balance December 31, 2022$33,058 $10,717 $130,093 $76,351 $(15,228)$234,991 Net income— — — 3,468 — 3,468 Cumulative effect of adoption of ASC Topic 326, net of tax— — — (7,900)— (7,900)Other comprehensive income (loss)— — — — 414 414 Preferred stock dividends—