Company: FGBI
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001408534-25-000092
Chunk: 33

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-11-17
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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 (250)Funds invested in AFS securities(269,682)(309,922)Funds invested in Federal Home Loan Bank stock— (4,265)Proceeds from sale/redemption of Federal Home Loan Bank stock— 8,724 Net decrease (increase) in loans377,772 (34,324)Purchase of premises and equipment(1,169)(2,754)Proceeds from sales of premises and equipment1,238 14,901 Proceeds from sales of other real estate owned142 318 Net Cash Provided By (Used In) Investing Activities292,346 (275,361)Cash Flows From Financing Activities  Net (decrease) increase in deposits(121,363)420,831 Net increase (decrease) in federal funds purchased and short-term borrowings108 (59,316)Repayment of long-term borrowings(1,008)(43,023)Proceeds from subordinated debentures— 29,700 Proceeds from issuance of common stock5,546 334 Dividends paid on preferred stock(1,746)(1,747)Dividends paid on common stock(405)(5,001)Net Cash (Used In) Provided By Financing Activities(118,868)341,778 Net Increase In Cash and Cash Equivalents189,975 81,166 Cash and Cash Equivalents at the Beginning of the Period564,208 286,455 Cash and Cash Equivalents at the End of the Period$754,183 $367,621 Noncash Activities:  Acquisition of real estate in settlement of loans$7,568 $423 Premises transferred to other real estate owned$4,352 $— Common stock issued for debt conversion$15,000 $— Common stock issued for payment-in-kind$1,595 $— Cash Paid During The Period:  Interest on deposits and borrowed funds$99,687 $92,182 Federal income taxes$4,100 $— State income taxes$— $— 

 See Notes to the Consolidated Financial Statements.

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Note 1. Basis of Presentation

 The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 10