Company: FGBI
Filing Date: 2025-08-18
Form Type: 10-Q
Source: 0001408534-25-000070
Chunk: 212

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-08-18
Form: 10-Q
Item: Part I, Item 2
Chunk 212
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 result in additional increases to the allowance for credit losses in future periods.

There was no provision for credit losses on AFS or HTM securities in the six months ended June 30, 2025 and 2024.

Noninterest Income

Our primary sources of recurring noninterest income are customer service fees, ATM and debit card fees, loan fees, gains on the sales of loans and available for sale securities and other service fees. Noninterest income does not include loan origination fees which are recognized over the life of the related loan as an adjustment to yield using the interest method.

Noninterest income totaled $2.2 million for the three months ended June 30, 2025, a decrease of $13.4 million from $15.5 million for the three months ended June 30, 2024. The decrease was primarily due to a decrease in gains on the sale of assets associated with the sale-leaseback transaction during the second quarter of 2024. Service charges, commissions and fees totaled $0.8 million for the three months ended June 30, 2025 and $0.8 million for the same period in 2024. ATM and debit card fees totaled $0.8 million for the three months ended June 30, 2025 and 2024. Net securities losses were $0 for the three months ended June 30, 2025 and 2024. Net gains on the sale of loans were $0 for the three months ended June 30, 2025 and $10,000 for the same period in 2024. Net gains on the sale of assets were $0 for the three months ended June 30, 2025 compared to $13.2 million for the same period in 2024. Other noninterest income totaled $0.5 million for the three months ended June 30, 2025 and $0.7 million for the same period in 2024.

Noninterest income totaled $4.5 million for the six months ended June 30, 2025, a decrease of $13.3 million from $17.8 million for the six months ended June 30, 2024. The decrease was primarily due to a decrease in gains on the sale of assets associated with the sale-leaseback transaction during the second quarter of 2024. Service charges, commissions and fees totaled $1.7 million for the six months ended June 30, 2025 and $1.