Company: FGBI
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001408534-25-000092
Chunk: 32

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-11-17
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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ited)$33,058 $15,120 $167,041 $58,078 $(10,209)$263,088 Net (loss) income— — — (45,003)— (45,003)Common Stock issued in private placement, 122,503 shares— 123 864 — — 987 Common Stock issued as payment-in-kind, 110,272 shares— 110 777 — — 887 Other comprehensive income— — — — 1,849 1,849 Preferred stock dividends— — — (582)— (582)Cash dividends on common stock ($0.01 per share)— — — (151)— (151)Balance September 30, 2025 (unaudited)$33,058 $15,353 $168,682 $12,342 $(8,360)$221,075 See Notes to Consolidated Financial Statements

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FIRST GUARANTY BANCSHARES, INC. AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)

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 Nine Months Ended September 30,(in thousands)20252024Cash Flows From Operating Activities  Net (loss) income$(58,472)$11,438 Adjustments to reconcile net (loss) income to net cash provided by operating activities:  Provision for credit losses79,091 14,013 Goodwill impairment12,900 — Depreciation and amortization3,257 3,227 Change in right of use asset379 155 Amortization/Accretion of investments(2,686)13 (Gain) loss on sale/call of securities— — Loss (gain) on sale of assets362 (14,725)Repossessed asset write downs, gains and losses on dispositions24 383 Interest expense paid-in-kind1,595 — FHLB stock dividends(373)(561)Change in operating lease liabilities(352)(146)Change in other assets and liabilities, net(19,228)952 Net Cash Provided By Operating Activities16,497 14,749 Cash Flows From Investing Activities  Proceeds from maturities, calls and sales of AFS securities184,045 52,211 Funds invested in certificates of deposit—