Company: FGBI
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001408534-25-000092
Chunk: 249

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-11-17
Form: 10-Q
Item: Part I, Item 2
Chunk 249
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 to 4.34% as compared to the prior year period. The decrease in the average rate of time deposits was due to changes in market rates as existing time deposits repriced. 

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The following tables set forth average balance sheets, average yields and costs, and certain other information for the periods indicated. No tax-equivalent yield adjustments were made, as the effect thereof was not material. All average balances are daily average balances. Non-accrual loans were included in the computation of average balances but have been reflected in the tables as loans carrying a zero yield. The yields set forth below include the effect of deferred fees, discounts and premiums that are amortized or accreted to interest income or expense.

The net interest income yield shown below in the average balance sheet is calculated by dividing net interest income by average interest-earning assets and is a measure of the efficiency of the earnings from balance sheet activities. It is affected by changes in the difference between interest on interest-earning assets and interest-bearing liabilities and the percentage of interest-earning assets funded by interest-bearing liabilities. 

Three Months Ended September 30, 2025Three Months Ended September 30, 2024(in thousands except for %)Average BalanceInterestYield/Rate (5)Average BalanceInterestYield/Rate (5)AssetsInterest-earning assets:Interest-earning deposits with banks$697,288 $7,777 4.42 %$364,538 $4,645 5.07 %Securities (including FHLB stock)722,380 6,398 3.51 %424,620 2,971 2.78 %Federal funds sold556 — — %2,211 — — %Loans held for sale— — — %— — — %Loans, net of unearned income(6)2,346,551 39,325 6.65 %2,811,227 49,811 7.05 %Total interest-earning assets3,766,775 $53,500 5.63 %3,602,596 $57,427 6.34 %Noninterest-earning assets:Cash and due from banks21,031 19,021 Premises and equipment, net65,039 68,974 Other assets19,419 35,860 Total Assets$3,872,