Company: FGBI
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001408534-25-000092
Chunk: 92

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-11-17
Form: 10-Q
Item: Part I, Item 1
Chunk 92
---
, primarily related to decreases in business and individual savings deposits. Time deposits decreased $98.0 million, or 6.8%, to $1.4 billion at September 30, 2025, primarily due to decreases in brokered time deposits.

Management will continue to evaluate and update our product mix and related technology in its efforts to attract additional customers. We currently offer a number of deposit products that are competitively priced and designed to attract and retain customers with primary emphasis on noninterest-bearing deposits, select time deposits and other lower cost deposits. 

As of September 30, 2025, the aggregate amount of outstanding certificates of deposit in amounts greater than $250,000 was approximately $185.2 million. At September 30, 2025, approximately $23.4 million of First Guaranty's certificates of deposit greater than $250,000 had a remaining term greater than one year.

The total amount of our uninsured deposits (deposits in excess of $250,000, as calculated in accordance with FDIC regulations) was estimated at $264.3 million at September 30, 2025. This total excludes public funds deposits that are collateralized by securities or FHLB letters of credit. The amount of uninsured deposits including collateralized public funds deposits was estimated at $840.7 million at September 30, 2025.

The following table sets forth the distribution of our time deposit accounts. 

(in thousands)September 30, 2025Time deposits of less than $100,000$847,405 Time deposits of $100,000 through $250,000320,096 Time deposits of more than $250,000185,194 Total Time Deposits$1,352,695 

The following table sets forth the maturity of the time deposits greater than $250,000 at September 30, 2025.

 (in thousands)September 30, 2025Three months or less$59,261 Three to six months49,122 Six months to one year53,382 One to three years9,298 More than three years14,131 Total Time Deposits greater than $250,000$185,194 

-47-

Public funds deposits totaled $1.1 billion at September 30, 2025 and $1.0 billion at December 31, 2024. Public funds time deposits totaled $62.6 million at September 30,