Company: FGBI
Filing Date: 2025-08-18
Form Type: 10-Q
Source: 0001408534-25-000070
Chunk: 90

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-08-18
Form: 10-Q
Item: Part I, Item 8
Chunk 90
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 debt securities55,105 2 (4,046)51,061 55,011 — (5,643)49,368 Total held to maturity securities$322,299 $2 $(62,221)$260,080 $321,772 $— $(70,314)$251,458  The scheduled maturities of securities at June 30, 2025, by contractual maturity, are shown below. Actual maturities may differ from contractual maturities due to calls or prepayments. Mortgage-backed securities are not due at a single maturity because of amortization and potential prepayment of the underlying mortgages. For this reason, they are presented separately in the maturity table below:   At June 30, 2025(in thousands)Amortized CostFair ValueAvailable for sale:  Due in one year or less$50,710 $50,671 Due after one year through five years6,645 6,637 Due after five years through 10 years17,136 16,472 Over 10 years2,715 2,421 Subtotal77,206 76,201 Collateralized mortgage obligations117,375 117,775 Mortgage-backed securities203,531 203,597 Total available for sale securities$398,112 $397,573 Held to maturity:  Due in one year or less$— $— Due after one year through five years22,409 21,193 Due after five years through 10 years120,016 105,800 Over 10 years179,874 133,087 Total held to maturity securities$322,299 $260,080  At June 30, 2025, $488.2 million of First Guaranty's securities were pledged to secure public funds deposits and borrowings. The pledged securities had a market value of $439.1 million as of June 30, 2025.Accrued interest receivable on First Guaranty's investment securities was $2.3 million and $1.4 million at June 30, 2025 and December 31, 2024, respectively, and was included in accrued interest receivable on the consolidated balance sheet. First Guaranty had a $0.2 million allowance for credit losses related to the held to maturity portfolio at June 30, 2025 and December