Company: FGBI
Filing Date: 2025-08-18
Form Type: 10-Q
Source: 0001408534-25-000070
Chunk: 136

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-08-18
Form: 10-Q
Item: Part I, Item 8
Chunk 136
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gricultural1,782 1,992 Commercial and industrial5,567 6,762 Commercial leases1,961 1,533 Consumer and other116 233 Total Non-Real Estate9,426 10,520 Total nonaccrual loans119,179 108,529 Loans 90 days and greater delinquent & accruing:  Real Estate:  Construction and land development— 7,394 Farmland— — 1- 4 family— — Multifamily— — Non-farm non-residential284 4,108 Total Real Estate284 11,502 Non-Real Estate:  Agricultural— — Commercial and industrial— — Commercial leases— — Consumer and other— — Total Non-Real Estate— — Total loans 90 days and greater delinquent & accruing284 11,502 Total nonperforming loans119,463 120,031 Real Estate Owned:  Construction and land development7,384 3 Farmland— — 1- 4 family192 226 Multifamily— — Non-farm non-residential81 90 Total Real Estate Owned7,657 319 Total nonperforming assets$127,120 $120,350 Nonperforming assets to total loans5.27 %4.47 %Nonperforming assets to total assets3.20 %3.03 %Nonperforming loans to total loans4.96 %4.46 %Nonaccrual loans to total loans4.94 %4.03 %Allowance for credit losses to nonaccrual loans49.40 %32.08 %Net loan charge-offs to average loans0.60 %0.64 %

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At June 30, 2025, nonperforming assets totaled $127.1 million, or 3.20% of total assets, compared to $120.4 million, or 3.03%, of total assets at December 31, 2024, which represented an increase of $6.8 million, or 5.6%. The increase in nonperforming assets occurred primarily due to an increase in nonaccrual loans and other real estate, partially offset by a decrease in loans 90 days greater delinquent. Nonperforming