First Guaranty Bancshares, Inc.
For the period ended Mar 31, 2026. Filed May 13, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 13, 2026
FGBI$12.99+5.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)
| Three Months Ended March 31, | ||
|---|---|---|
| (in thousands) | 2026 | 2025 |
| Cash Flows From Operating Activities | ||
| Net income (loss) | $2,743 | $(6,166) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Provision for credit losses | 2,625 | 14,548 |
| Depreciation and amortization | 977 | 1,095 |
| Change in right of use asset | 229 | 124 |
| Amortization/Accretion of investments | (1,112) | (1,430) |
| (Gain) loss on sale/call of securities | (1) | — |
| Gain on sale of assets | (44) | (4) |
| Repossessed asset write downs, gains and losses on dispositions | 50 | 14 |
| Interest expense paid-in-kind | 823 | — |
| FHLB stock dividends | (118) | (129) |
| Change in operating lease liabilities | (230) | (115) |
| Change in other assets and liabilities, net | 44,651 | (2,548) |
| Net Cash Provided By Operating Activities | 50,593 | 5,389 |
| Cash Flows From Investing Activities | ||
| Proceeds from maturities and calls of HTM securities | — | 2 |
| Proceeds from maturities, calls and sales of AFS securities | 54,245 | 110,649 |
| Funds invested in AFS securities | (238,381) | (99,276) |
| Net decrease in loans | 139,451 | 174,355 |
| Purchase of premises and equipment | (167) | (208) |
| Proceeds from sales of premises and equipment | 338 | 4 |
| Proceeds from sales of other real estate owned | 7,060 | 130 |
| Net Cash (Used In) Provided By Investing Activities | (37,454) | 185,656 |
| Cash Flows From Financing Activities | ||
| Net decrease in deposits | (125,333) | (136,794) |
| Net increase (decrease) in federal funds purchased and short-term borrowings | — | 104 |
| Repayment of long-term borrowings | — | (1,008) |
| Proceeds from issuance of common stock | 1,000 | 1,581 |
| Dividends paid on preferred stock | (582) | (582) |
| Dividends paid on common stock | (158) | (125) |
| Net Cash Used In Financing Activities | (125,073) | (136,824) |
| Net (Decrease) Increase In Cash and Cash Equivalents | (111,934) | 54,221 |
| Cash and Cash Equivalents at the Beginning of the Period | 845,701 | 564,208 |
| Cash and Cash Equivalents at the End of the Period | $733,767 | $618,429 |
| Noncash Activities: | ||
| Acquisition of real estate in settlement of loans | $882 | $— |
| Common stock issued for payment-in-kind | $823 | $— |
| Cash Paid During The Period: | ||
| Interest on deposits and borrowed funds | $26,665 | $33,172 |
| Federal income taxes | $— | $2,000 |
See Notes to the Consolidated Financial Statements.
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