Company: FGBI
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0001408534-25-000015
Chunk: 152

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-03-17
Form: 10-K
Item: Item 8
Chunk 152
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2023, respectively, and was included in accrued interest receivable on the consolidated balance sheet. The allowance for credit losses related to the held to maturity portfolio was 0.2 million and $0.1 million at December 31, 2024 and 2023, respectively.

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The following is a summary of the fair value of securities with gross unrealized losses and an aging of those gross unrealized losses at December 31, 2024. December 31, 2024 Less Than 12 Months12 Months or MoreTotal(in thousands)Numberof SecuritiesFair ValueGrossUnrealized LossesNumberof SecuritiesFair ValueGrossUnrealized LossesNumberof SecuritiesFair ValueGrossUnrealized LossesAvailable for sale:         U.S. Treasuries2 $48,615 $(93)— $— $— 2 $48,615 $(93)U.S. Government Agencies— — — — — — — — — Corporate debt securities2 1,965 (35)12 9,617 (633)14 11,582 (668)Municipal bonds2 505 (4)34 5,406 (335)36 5,911 (339)Collateralized mortgage obligations8 31,619 (446)— — — 8 31,619 (446)Mortgage-backed securities15 65,089 (1,721)6 3,410 (210)21 68,499 (1,931)Total available for sale securities29 $147,793 $(2,299)52 $18,433 $(1,178)81 $166,226 $(3,477)Held to maturity:U.S. Government Agencies— $— — 29 $202,090 $(64,671)29 $202,090 $(64,671)Corporate debt securities1 322 (3)56 49,046 (5,640)57 49,368 (5,643)Total held to maturity securities1 $322 $(3)85 $251,136 $(70,311)86 $251,458 $(70,314)The following is a summary of the fair value of securities with gross unrealized losses and an aging of those