Company: FGBI
Filing Date: 2025-08-18
Form Type: 10-Q
Source: 0001408534-25-000070
Chunk: 13

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-08-18
Form: 10-Q
Item: Part I, Item 1
Chunk 13
---
  Accrued interest receivable on First Guaranty's loans totaled $11.0 million and $13.4 million at June 30, 2025 and December 31, 2024, respectively, and is included in accrued interest receivable on the consolidated balance sheet. Accrued interest receivable is excluded from First Guaranty's estimate of the allowance for credit losses.The following table summarizes fixed and floating rate loans by contractual maturity, excluding nonaccrual loans, as of June 30, 2025 and December 31, 2024 unadjusted for scheduled principal payments, prepayments, or repricing opportunities. The average life of the loan portfolio may be substantially less than the contractual terms when these adjustments are considered.  June 30, 2025December 31, 2024(in thousands)FixedFloatingTotalFixedFloatingTotalOne year or less$265,683 $238,435 $504,118 $240,685 $245,272 $485,957 More than one to five years360,445 196,250 556,695 501,800 256,720 758,520 More than five to 15 years58,660 250,433 309,093 62,412 293,173 355,585 Over 15 years342,402 585,864 928,266 358,727 634,762 993,489 Subtotal$1,027,190 $1,270,982 2,298,172 $1,163,624 $1,429,927 2,593,551 Nonaccrual loans  119,179   108,529 Total Loans Before Unearned Income  2,417,351   2,702,080 Unearned income  (6,846)  (8,300)Total Loans Net of Unearned Income  $2,410,505   $2,693,780  Included in floating rate loans are loans that adjust to a floating rate following an initial fixed rate period. The initial fixed rate periods are typically one, three, or five years.

-14-

The following tables present the age analysis of past due loans at June 30, 2025 and December 31, 2024:  As of June 30, 2025(in thousands)30-89 Days Past Due90