Company: FGBI
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001408534-25-000036
Chunk: 3

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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628 628 Preferred stock dividends— — — (582)— (582)Cash dividends on common stock ($0.16 per share)— — — (2,001)— (2,001)Balance March 31, 2024 (unaudited)$33,058 $12,505 $149,389 $67,699 $(12,331)$250,320 Balance December 31, 2024$33,058 $12,505 $149,389 $72,965 $(12,868)$255,049 Net (loss) income— — — (6,166)— (6,166)Common Stock issued in private placement, 186,787 shares— 186 1,395 — — 1,581 Other comprehensive income— — — — 1,688 1,688 Preferred stock dividends— — — (582)— (582)Cash dividends on common stock ($0.01 per share)— — — (125)— (125)Balance March 31, 2025 (unaudited)$33,058 $12,691 $150,784 $66,092 $(11,180)$251,445 See Notes to Consolidated Financial Statements

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FIRST GUARANTY BANCSHARES, INC. AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) 

 Three Months Ended March 31,(in thousands)20252024Cash Flows From Operating Activities  Net (loss) income$(6,166)$2,310 Adjustments to reconcile net income to net cash provided by operating activities:  Provision for credit losses14,548 2,304 Depreciation and amortization1,095 1,001 Amortization of operating leases124 17 Amortization/Accretion of investments(1,430)127 (Gain) loss on sale/call of securities— — (Gain) loss on sale of assets(4)(6)Repossessed asset write downs, gains and losses on dispositions14 101 FHLB stock dividends(129)(202)Change in operating lease liabilities(115)(17)Change in other assets and liabilities, net(2,548)(3,639)Net