Company: FGBI
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001408534-25-000092
Chunk: 150

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-11-17
Form: 10-Q
Item: Part I, Item 8
Chunk 150
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 value on a recurring basis using unobservable inputs (Level 3): Level 3 Changes(in thousands)September 30, 2025Balance, beginning of year$6,095 Total gains or losses (realized/unrealized): Included in earnings— Included in other comprehensive income95 Purchases, sales, issuances and settlements, net(441)Transfers in and/or out of Level 3— Balance as of end of period$5,749 There were no gains or losses for the period included in earnings attributable to the change in unrealized gains or losses related to assets still held as of September 30, 2025.The following table measures financial assets and financial liabilities measured at fair value on a non-recurring basis as of September 30, 2025 and December 31, 2024, segregated by the level of valuation inputs within the fair value hierarchy utilized to measure fair value: (in thousands)At September 30, 2025At December 31, 2024Fair Value Measurements Using: Loans Individually Evaluated for Impairment  Level 1: Quoted Prices in Active Markets For Identical Assets$— $— Level 2: Significant Other Observable Inputs— — Level 3: Significant Unobservable Inputs72,151 50,449 Loans individually evaluated for impairment measured at fair value$72,151 $50,449 Fair Value Measurements Using: Other Real Estate Owned  Level 1: Quoted Prices in Active Markets For Identical Assets$— $— Level 2: Significant Other Observable Inputs12,000 319 Level 3: Significant Unobservable Inputs50 — Other real estate owned measured at fair value$12,050 $319 ASC 825-10 provides First Guaranty with an option to report selected financial assets and liabilities at fair value. The fair value option established by this statement permits First Guaranty to choose to measure eligible items at fair value at specified election dates and report unrealized gains and losses on items for which the fair value option has been elected in earnings at each reporting date subsequent to implementation. First Guaranty has chosen not to elect the fair value option for any items that are not already required to be measured at fair value in accordance with accounting principles generally accepted in the United States.

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Note 12. Financial Instruments

 Fair value estimates are generally subjective in nature and are dependent upon a number