Company: FGBI
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0001408534-25-000015
Chunk: 100

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-03-17
Form: 10-K
Item: Item 7
Chunk 100
---
 the use of the allowance for losses in other categories.

  At December 31, 20242023(dollars in thousands)Allowance for Credit LossesPercent of Allowanceto Total Allowancefor Credit LossesPercent of Loansin Each Categoryto Total LoansAllowance for Credit LossesPercent of Allowanceto Total Allowancefor Credit LossesPercent of Loansin Each Categoryto Total LoansReal Estate:      Construction and land development$3,930 11.3 %12.2 %$5,845 18.9 %14.5 %Farmland50 0.1 %1.3 %36 0.1 %1.2 %1- 4 family9,243 26.6 %16.7 %6,653 21.5 %16.1 %Multifamily3,949 11.4 %6.1 %1,614 5.2 %4.3 %Non-farm non-residential11,531 33.1 %42.9 %10,596 34.3 %37.9 %Non-Real Estate:Agricultural204 0.6 %1.5 %97 0.3 %1.5 %Commercial and industrial1,994 5.7 %9.5 %2,711 8.8 %12.1 %Commercial leases1,719 4.9 %8.2 %1,948 6.3 %10.4 %Consumer and other1,337 3.8 %1.6 %1,426 4.6 %2.0 %Unallocated854 2.5 %— — — %— Total Allowance$34,811 100.0 %100.0 %$30,926 100.0 %100.0 %

The following table presents net charge-offs during the period to average loans outstanding:

 December 31, 2024December 31, 2023(in thousands except for %)Net (Charge-offs) RecoveriesAverage Loans Outstanding1Net Charge-offs During Period to Average Loans OutstandingNet (Charge-offs) RecoveriesAverage Loans Outstanding1Net Charge-offs During Period to Average Loans OutstandingReal Estate:    Construction & land development$(38)$334,119