Company: FGBI
Filing Date: 2025-08-18
Form Type: 10-Q
Source: 0001408534-25-000070
Chunk: 107

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-08-18
Form: 10-Q
Item: Part I, Item 8
Chunk 107
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Real Estate:Agricultural97 (33)18 20 102 Commercial and industrial2,711 (3,570)126 2,515 1,782 Commercial leases1,948 — — (50)1,898 Consumer and other1,426 (2,259)331 3,154 2,652 Unallocated— — — 1,638 1,638 Total Non-Real Estate6,182 (5,862)475 7,277 8,072 Total Loans$30,926 $(11,052)$504 $9,909 $30,287 Unfunded lending commitments2,810 — — (800)2,010 Total$33,736 $(11,052)$504 $9,109 $32,297 Negative provisions are caused by changes in the composition and credit quality of the loan portfolio and by recoveries. The result is an allocation of the credit loss reserve from one category to another.

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A summary of the allowance along with loans and leases individually and collectively evaluated are as follows: As of June 30, 2025(in thousands)AllowanceIndividuallyEvaluatedAllowanceCollectively EvaluatedTotal Allowancefor Credit LossesLoansIndividuallyEvaluatedLoansCollectivelyEvaluatedTotal LoansbeforeUnearned IncomeReal Estate:      Construction & land development$508 $3,132 $3,640 $19,380 $249,448 $268,828 Farmland— 172 172 2,543 29,724 32,267 1- 4 family1,294 14,706 16,000 8,362 432,103 440,465 Multifamily6,255 1,231 7,486 34,643 110,221 144,864 Non-farm non-residential10,099 11,765 21,864 74,489 978,014 1,052,503 Total Real Estate18,156 31,006 49,162 139,417 1,799,510 1,938,927 Non-Real Estate:      Agricultural— 246 246 915 41,916 42,831 Commercial and industrial3,534 2,153 5,687