Company: FGBI
Filing Date: 2025-08-18
Form Type: 10-Q
Source: 0001408534-25-000070
Chunk: 12

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-08-18
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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Amortized CostFair ValueU.S. Government Treasuries (U.S.)$49,652 $49,615 Federal Home Loan Bank (FHLB)32,354 26,603 Federal Home Loan Mortgage Corporation (Freddie Mac-FHLMC)100,926 74,363 Federal Farm Credit Bank (FFCB)139,469 113,440 Government National Mortgage Association (Ginnie Mae-GNMA)195,714 195,943 Total$518,115 $459,964 

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Note 4. Loans

 The following table summarizes the components of First Guaranty's loan portfolio as of June 30, 2025 and December 31, 2024:  June 30, 2025December 31, 2024(in thousands except for %)BalanceAs % of CategoryBalanceAs % of CategoryReal Estate:    Construction & land development$268,828 11.1 %$330,048 12.2 %Farmland32,267 1.3 %35,991 1.3 %1- 4 Family440,465 18.2 %450,371 16.7 %Multifamily144,864 6.0 %165,121 6.1 %Non-farm non-residential1,052,503 43.5 %1,159,842 42.9 %Total Real Estate1,938,927 80.1 %2,141,373 79.2 %Non-Real Estate:    Agricultural42,831 1.8 %40,722 1.5 %Commercial and industrial238,144 9.9 %257,518 9.5 %Commercial leases159,209 6.6 %220,200 8.2 %Consumer and other 38,240 1.6 %42,267 1.6 %Total Non-Real Estate478,424 19.9 %560,707 20.8 %Total Loans Before Unearned Income2,417,351 100.0 %2,702,080 100.0 %Unearned income(6,846) (8,300) Total Loans Net of Unearned Income$2,410,505  $2,693,780