Company: FGBI
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0001408534-25-000015
Chunk: 155

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-03-17
Form: 10-K
Item: Item 8
Chunk 155
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$147,840 $147,780 Federal Home Loan Bank (FHLB)32,302 25,737 Federal Home Loan Mortgage Corporation (Freddie Mac-FHLMC)98,990 70,391 Federal Farm Credit Bank (FFCB)139,223 109,503 Government National Mortgage Association (Ginnie Mae-GNMA)65,266 63,556 Total$483,621 $416,967 

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 Note 5. Loans

The following table summarizes the components of First Guaranty's loan portfolio as of December 31, 2024 and December 31, 2023: December 31, 2024December 31, 2023(in thousands except for %)BalanceAs % of CategoryBalanceAs % of CategoryReal Estate:    Construction & land development$330,048 12.2 %$399,435 14.5 %Farmland35,991 1.3 %32,530 1.2 %1- 4 Family450,371 16.7 %444,850 16.1 %Multifamily165,121 6.1 %118,921 4.3 %Non-farm non-residential1,159,842 42.9 %1,045,865 37.9 %Total Real Estate2,141,373 79.2 %2,041,601 74.0 %Non-Real Estate:    Agricultural40,722 1.5 %41,008 1.5 %Commercial and industrial(1)257,518 9.5 %334,972 12.1 %Commercial leases220,200 8.2 %285,415 10.4 %Consumer and other42,267 1.6 %54,485 2.0 %Total Non-Real Estate560,707 20.8 %715,880 26.0 %Total Loans Before Unearned Income2,702,080 100.0 %2,757,481 100.0 %Unearned income(8,300) (8,773) Total Loans Net of Unearned Income$2,693,780  $2,748,708  (1) Includes PPP loans fully guaranteed by the SBA of $1