Company: FGBI
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001408534-25-000092
Chunk: 255

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-11-17
Form: 10-Q
Item: Part I, Item 2
Chunk 255
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 ended September 30, 2025 and $1.3 million for the same period in 2024.

Noninterest income totaled $6.4 million for the nine months ended September 30, 2025, a decrease of $15.9 million from $22.2 million for the nine months ended September 30, 2024. The decrease was primarily due to gains on the sale of assets associated with the sale-leaseback transaction during the second quarter of 2024. Service charges, commissions and fees totaled $2.5 million for the nine months ended September 30, 2025 and $2.3 million for the same period in 2024. ATM and debit card fees totaled $2.3 million for the nine months ended September 30, 2025 and $2.4 million for the same period in 2024. There were no net securities losses for the nine months ended September 30, 2025 and 2024. There were no gains on the sale of loans for the nine months ended September 30, 2025 and $1.5 million for the same period in 2024. Net (losses) gains on the sale of assets were $(0.4) million for the nine months ended September 30, 2025 compared to $13.2 million for the same period in 2024. Other noninterest income totaled $2.0 million for the nine months ended September 30, 2025 and $2.8 million for the same period in 2024.

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Noninterest Expense

Noninterest expense includes salaries and employee benefits, occupancy and equipment expense and other types of expenses. Noninterest expense totaled $30.2 million for the three months ended September 30, 2025 (including $12.9 million of goodwill impairment) and $19.7 million for the three months ended September 30, 2024. Salaries and benefits expense totaled $7.5 million for the three months ended September 30, 2025 and $10.1 million for the three months ended September 30, 2024. Occupancy and equipment expense totaled $2.6 million for the three months ended September 30, 2025 and $2.5 million for the same period in 2024. First Guaranty recognized a one-time non-cash impairment charge to goodwill of $12.9 million during the third quarter of 2025. Other