Company: FGBI
Filing Date: 2025-08-18
Form Type: 10-Q
Source: 0001408534-25-000070
Chunk: 24

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-08-18
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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$5,297 $3,428 $4,357 $2,787 $2,099 $— $18,591 

-20-

Note 5. Allowance for Credit Losses on Loans

 A summary of changes in the allowance for credit losses, by portfolio type, for the six months ended June 30, 2025 and 2024 are as follows: For the Six Months Ended June 30,2025(in thousands)Beginning Allowance (12/31/2024)Charge-offsRecoveriesProvisionEnding Allowance (6/30/2025)Real Estate:Construction & land development$3,930 $(5,794)$— $5,504 $3,640 Farmland50 — — 122 172 1- 4 family9,243 (16)22 6,751 16,000 Multifamily3,949 — — 3,537 7,486 Non-farm non-residential11,531 (33)16 10,350 21,864 Total Real Estate28,703 (5,843)38 26,264 49,162 Non-Real Estate:Agricultural204 (169)— 211 246 Commercial and industrial1,994 (975)52 4,616 5,687 Commercial leases1,719 (233)— 619 2,105 Consumer and other1,337 (797)319 457 1,316 Unallocated854 — — (499)355 Total Non-Real Estate6,108 (2,174)371 5,404 9,709 Total Loans$34,811 $(8,017)$409 $31,668 $58,871 Unfunded lending commitments1,210 — — (510)700 Total$36,021 $(8,017)$409 $31,158 $59,571  For the Six Months Ended June 30, 2024(in thousands)Beginning Allowance (12/31/2023)Charge-offsRecoveriesProvisionEnding Allowance (6/30/2024)Real Estate:Construction & land development$5,845 $(39)$1 $(919)$4,888 Farmland36 (258)— 247 25 1