Company: FGBI
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001408534-25-000036
Chunk: 11

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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31, 2025 and December 31, 2024:  March 31, 2025December 31, 2024(in thousands except for %)BalanceAs % of CategoryBalanceAs % of CategoryReal Estate:    Construction & land development$288,291 11.4 %$330,048 12.2 %Farmland29,961 1.2 %35,991 1.3 %1- 4 Family444,373 17.6 %450,371 16.7 %Multifamily144,518 5.7 %165,121 6.1 %Non-farm non-residential1,117,174 44.4 %1,159,842 42.9 %Total Real Estate2,024,317 80.3 %2,141,373 79.2 %Non-Real Estate:    Agricultural37,599 1.5 %40,722 1.5 %Commercial and industrial (1)234,511 9.3 %257,518 9.5 %Commercial leases183,993 7.3 %220,200 8.2 %Consumer and other 39,773 1.6 %42,267 1.6 %Total Non-Real Estate495,876 19.7 %560,707 20.8 %Total Loans Before Unearned Income2,520,193 100.0 %2,702,080 100.0 %Unearned income(7,405) (8,300) Total Loans Net of Unearned Income$2,512,788  $2,693,780  (1) Includes PPP loans fully guaranteed by the SBA of $1.4 million and $1.6 million at March 31, 2025 and December 31, 2024, respectively.Accrued interest receivable on First Guaranty's loans totaled $11.6 million and $13.4 million at March 31, 2025 and December 31, 2024, respectively, and is included in accrued interest receivable on the consolidated balance sheet. Accrued interest receivable is excluded from First Guaranty's estimate of the allowance for credit losses.The following table summarizes fixed and floating rate loans by contractual maturity