Company: FGBI
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0001408534-25-000015
Chunk: 137

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-03-17
Form: 10-K
Item: Item 8
Chunk 137
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15,000 Other liabilities19,059 6,844 Total Liabilities3,717,679 3,303,141 Shareholders' EquityPreferred stock, Series A - $1,000 par value - 100,000 shares authorizedNon-cumulative perpetual; 34,500 shares issued and outstanding, respectively$33,058 $33,058 Common stock, $1 par value - 100,600,000 shares authorized; 12,504,717 and 12,475,424 shares issued and outstanding12,505 12,475 Surplus149,389 149,085 Retained earnings72,965 67,972 Accumulated other comprehensive (loss) income(12,868)(12,959)Total Shareholders' Equity255,049 249,631 Total Liabilities and Shareholders' Equity$3,972,728 $3,552,772 

See Notes to Consolidated Financial Statements.

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FIRST GUARANTY BANCSHARES, INC. AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF INCOME Years Ended December 31,(in thousands, except share data)20242023Interest Income:Loans (including fees)$190,382 $167,140 Deposits with other banks17,399 6,268 Securities (including FHLB stock)13,925 9,601 Federal funds sold— — Total Interest Income221,706 183,009 Interest Expense:  Demand deposits65,331 60,243 Savings deposits5,173 3,554 Time deposits49,166 23,967 Borrowings13,598 10,540 Total Interest Expense133,268 98,304 Net Interest Income88,438 84,705 Less: Provision for credit losses20,034 3,714 Net Interest Income after Provision for Credit Losses68,404 80,991 Noninterest Income:  Service charges, commissions and fees3,189 3,401 ATM and debit card fees3,132 3,242 Net gains on securities— — Net gains on sale of loans1,481 12 Net gains on sale of assets13,306 23 Other3,631 3,899 Total Noninterest Income24,739 10,577 Noninterest Expense:  Sal