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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 8, 2023

Image1.jpg
FIRST GUARANTY BANCSHARES, INC.
(Exact name of registrant as specified in its charter)
Louisiana001-3762126-0513559
(State or other jurisdiction(Commission File Number)(I.R.S. Employer
incorporation or organization) Identification Number)
  
400 East Thomas Street 
Hammond, Louisiana
70401
(Address of principal executive offices)(Zip Code)
  
(985) 345-7685
(Registrant’s telephone number, including area code)
 
Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). 

Emerging growth company ☐ 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, $1 par valueFGBIThe Nasdaq Stock Market LLC
Depositary Shares (each representing a 1/40th interest in a share of 6.75% Series A Fixed-Rate Non-Cumulative perpetual preferred stock)FGBIPThe Nasdaq Stock Market LLC



Item 2.02.        Results of Operations and Financial Condition

On August 8, 2023, First Guaranty Bancshares, Inc. issued a press release reporting its financial results at and for the three months and six months ended June 30, 2023. 

The Press Release is enclosed as Exhibit 99.1 to this report. The information in Exhibit 99.1 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933.

Item 9.01.        Financial Statements and Exhibits. 

Exhibit 99.1    Press Release dated August 8, 2023.


Forward Looking Statements

This letter contains forward-looking statements within the meaning of the U.S. federal securities laws. Forward-looking statements are any statements other than statements of historical fact which represent our current judgement about possible future events. We believe these judgements are reasonable, but these statements are not guarantees of any future events or financial results, and our actual results may differ materially due to a variety of factors, many of which are described in our most recent Annual Report on Form 10-K and our other filings with the U.S. Securities and Exchange Commission. We caution readers not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update or otherwise revise any forward-looking statements.





SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. 
  FIRST GUARANTY BANCSHARES, INC.
  (Registrant)
Date: August 8, 2023   
  By:/s/Eric J. Dosch
   Eric J. Dosch
   Chief Financial Officer
   



INDEX TO EXHIBITS
 
Exhibit NumberDescription
Press Release August 8, 2023 "First Guaranty Bancshares, Inc. Announces Second Quarter 2023 Results."


EXHIBIT 99.1
AUGUST 8, 2023
NEWS FOR IMMEDIATE RELEASE
CONTACT: ERIC J. DOSCH, CFO
985.375.0308
 
First Guaranty Bancshares, Inc. Announces Second Quarter 2023 Results

Hammond, Louisiana, August 8, 2023 – First Guaranty Bancshares, Inc. ("First Guaranty") (NASDAQ: FGBI), the holding company for First Guaranty Bank, announced its unaudited financial results for the quarter ending June 30, 2023.

Resilient: Springing back, rebounding. Returning to the original form for position after being bent, compressed or stretched. Recovering readily from illness, depression, adversity, or the like; buoyant. Random House Webster’s Unabridged Dictionary Second Edition.

Another good word is strong. An even better word is tough. These are words that describe what First Guaranty has been during a six month period in which we have survived wound after wound, not of our own causing as we continue to deliver to our shareholders, customers, and our staff members extraordinary results.

The latest of these have been the FDIC deposit insurance adjustment which was $450,000 for the second quarter.

Enough crying over spilt milk. This is what we did to make it better. Our interest income for the second quarter of 2023 increased to $43,781,000 compared to $32,540,000 for the second quarter of 2022. For the six months ending June 30, 2023, our interest income totaled $85,068,000 compared to $63,019,000. Our interest expense stabilized at $22,868,000 for the quarter compared to $41,854,000 for the six month period ending June 30, 2023.

We have significantly increased our loan interest income to offset the increased cost of deposits which are set by the Federal Reserve. For the quarter, we made over $2,000,000 for our shareholders even after the FDIC assessment.

Basically, we have and will continue to make a lot of money for our shareholders. We are working very hard to control non-interest expense. We are working very hard to expand our interest margin. Our lenders have done a great job working to increase the rates we receive for our loans.

Let’s keep moving forward. Let’s be resilient. Let’s be TOUGH.

Thank you for your attention.

Sincerely,
Alton B. Lewis
President and CEO
First Guaranty, Bancshares, Inc.
 
About First Guaranty
First Guaranty Bancshares, Inc. is the holding company for First Guaranty Bank, a Louisiana state-chartered bank. Founded in 1934, First Guaranty Bank offers a wide range of financial services and focuses on building client relationships and providing exceptional customer service. First Guaranty Bank currently operates thirty-six locations throughout Louisiana, Texas, Kentucky and West Virginia. First Guaranty’s common stock trades on the NASDAQ under the symbol FGBI. For more information, visit www.fgb.net.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the U.S. federal securities laws. Forward-looking statements are any statements other than statements of historical fact which represent our current judgement about possible future events. We believe these judgements are reasonable, but these statements are not guarantees of any future events or financial results, and our actual results may differ materially due to a variety of factors, many of which are described in our most recent Annual Report on Form 10-K and our other filings with the U.S. Securities and Exchange Commission. We caution readers not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update or otherwise revise any forward-looking statements.





FIRST GUARANTY BANCSHARES, INC. AND SUBSIDIARY
CONSOLIDATED BALANCE SHEETS (unaudited)
(in thousands, except share data)June 30, 2023December 31, 2022
Assets  
Cash and cash equivalents:  
Cash and due from banks$145,773 $82,796 
Federal funds sold455 423 
Cash and cash equivalents146,228 83,219 
Investment securities:  
Available for sale, at fair value80,153 131,458 
Held to maturity, at cost and net of allowance for credit losses of $100 and $0 (estimated fair value of $250,008 and $242,560 respectively)320,523 320,068 
Investment securities400,676 451,526 
Federal Home Loan Bank stock, at cost7,901 6,528 
Loans held for sale— — 
Loans, net of unearned income2,590,666 2,519,077 
Less: allowance for credit losses31,861 23,518 
Net loans2,558,805 2,495,559 
Premises and equipment, net60,849 58,206 
Goodwill12,900 12,900 
Intangible assets, net4,583 4,979 
Other real estate, net1,273 113 
Accrued interest receivable15,099 13,002 
Other assets27,732 25,315 
Total Assets$3,236,046 $3,151,347 
Liabilities and Shareholders' Equity  
Deposits:  
Noninterest-bearing demand$466,172 $524,415 
Interest-bearing demand1,448,492 1,460,259 
Savings222,296 205,760 
Time630,459 533,358 
Total deposits2,767,419 2,723,792 
Short-term advances from Federal Home Loan Bank30,000 120,000 
Short-term borrowings20,000 20,000 
Repurchase agreements7,409 6,442 
Accrued interest payable6,996 4,289 
Long-term advances from Federal Home Loan Bank120,000 — 
Senior long-term debt20,305 21,927 
Junior subordinated debentures15,000 15,000 
Other liabilities10,060 4,906 
Total Liabilities2,997,189 2,916,356 
Shareholders' Equity  
Preferred stock, Series A - $1,000 par value - 100,000 shares authorized  
Non-cumulative perpetual; 34,500 issued and outstanding33,058 33,058 
Common stock, $1 par value - 100,600,000 shares authorized; 11,431,083 and 10,716,796 shares issued and outstanding11,431 10,717 
Surplus139,379 130,093 
Retained earnings69,887 76,351 
Accumulated other comprehensive (loss) income(14,898)(15,228)
Total Shareholders' Equity238,857 234,991 
Total Liabilities and Shareholders' Equity$3,236,046 $3,151,347 
See Notes to Consolidated Financial Statements  



FIRST GUARANTY BANCSHARES, INC. AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF INCOME (unaudited)
Three Months Ended
June 30,		Six Months Ended June 30,
(in thousands, except share data)2023202220232022
Interest Income:
Loans (including fees)$40,290 $29,999 $78,439 $58,037 
Deposits with other banks1,071 261 1,822 363 
Securities (including FHLB stock)2,420 2,280 4,807 4,619 
Total Interest Income43,781 32,540 85,068 63,019 
Interest Expense:
Demand deposits15,036 2,884 28,085 5,160 
Savings deposits838 101 1,417 162 
Time deposits5,224 2,540 8,800 5,295 
Borrowings1,770 705 3,552 1,109 
Total Interest Expense22,868 6,230 41,854 11,726 
Net Interest Income20,913 26,310 43,214 51,293 
Less: Provision for credit losses548 757 862 1,389 
Net Interest Income after Provision for Credit Losses20,365 25,553 42,352 49,904 
Noninterest Income:
Service charges, commissions and fees818 773 1,603 1,550 
ATM and debit card fees828 904 1,653 1,727 
Net gains (losses) on securities— — — (17)
Net gains on sale of loans— 90 12 89 
Other1,166 760 2,248 1,140 
Total Noninterest Income2,812 2,527 5,516 4,489 
Total Business Revenue, Net of Provision for Credit Losses23,177 28,080 47,868 54,393 
Noninterest Expense:
Salaries and employee benefits9,932 9,085 19,936 18,065 
Occupancy and equipment expense2,219 2,252 4,421 4,453 
Other7,584 6,482 15,544 12,052 
Total Noninterest Expense19,735 17,819 39,901 34,570 
Income Before Income Taxes3,442 10,261 7,967 19,823 
Less: Provision for income taxes766 2,137 1,823 4,114 
Net Income2,676 8,124 6,144 15,709 
Less: Preferred stock dividends582 582 1,164 1,164 
Net Income Available to Common Shareholders$2,094 $7,542 $4,980 $14,545 
Per Common Share:
Earnings$0.19 $0.70 $0.46 $1.36 
Cash dividends paid$0.16 $0.16 $0.32 $0.32 
Weighted Average Common Shares Outstanding10,913,029 10,716,796 10,815,454 10,716,796 
See Notes to Consolidated Financial Statements



              FIRST GUARANTY BANCSHARES, INC. AND SUBSIDIARY       
CONSOLIDATED AVERAGE BALANCE SHEETS (unaudited)       
 Three Months Ended June 30, 2023Three Months Ended June 30, 2022
(in thousands except for %)Average BalanceInterestYield/Rate (5)Average BalanceInterestYield/Rate (5)
Assets      
Interest-earning assets:      
Interest-earning deposits with banks$90,388 $1,071 4.75 %$135,072 $261 0.77 %
Securities (including FHLB stock)407,689 2,420 2.38 %455,224 2,280 2.01 %
Federal funds sold410 — — %162 — — %
Loans held for sale — — — %— — — %
Loans, net of unearned income (6)2,568,051 40,290 6.29 %2,244,110 29,999 5.36 %
Total interest-earning assets3,066,538 $43,781 5.73 %2,834,568 $32,540 4.60 %
Noninterest-earning assets:
Cash and due from banks18,443 19,334 
Premises and equipment, net59,924 58,235 
Other assets28,958 28,828 
Total Assets$3,173,863 $2,940,965 
Liabilities and Shareholders' Equity
Interest-bearing liabilities:
Demand deposits$1,458,353 $15,036 4.14 %$1,327,954 $2,884 0.87 %
Savings deposits214,055 838 1.57 %211,281 101 0.19 %
Time deposits631,605 5,224 3.32 %549,052 2,540 1.86 %
Borrowings122,969 1,770 5.77 %55,536 705 5.10 %
Total interest-bearing liabilities2,426,982 $22,868 3.78 %2,143,823 $6,230 1.17 %
Noninterest-bearing liabilities:
Demand deposits496,209 563,832 
Other17,366 7,947 
Total Liabilities2,940,557 2,715,602 
Shareholders' equity233,306 225,363 
Total Liabilities and Shareholders' Equity$3,173,863 $2,940,965 
Net interest income$20,913 $26,310 
Net interest rate spread (1)1.95 %3.43 %
Net interest-earning assets (2)$639,556 $690,745 
Net interest margin (3), (4)2.74 %3.72 %
Average interest-earning assets to interest-bearing liabilities126.35 %132.22 %
(1)Net interest rate spread represents the difference between the yield on average interest-earning assets and the cost of average interest-bearing liabilities.
(2)Net interest-earning assets represents total interest-earning assets less total interest-bearing liabilities.
(3)Net interest margin represents net interest income divided by average total interest-earning assets.
(4)The tax adjusted net interest margin was 2.74% and 3.73% for the above periods ended June 30, 2023 and 2022 respectively. A 21% tax rate was used to calculate the effect on securities income from tax exempt securities for the above periods ended June 30, 2023 and 2022 respectively.
(5)Annualized.
(6)Includes loan fees of $1.4 million and $2.5 million for the three months ended June 30, 2023 and 2022 respectively. PPP loan fee income of $11,000 and $0.5 million was recognized for the three months ended June 30, 2023 and 2022 respectively.



              FIRST GUARANTY BANCSHARES, INC. AND SUBSIDIARY       
CONSOLIDATED AVERAGE BALANCE SHEETS (unaudited)       
 Six Months Ended June 30, 2023Six Months Ended June 30, 2022
(in thousands except for %)Average BalanceInterestYield/Rate (5)Average BalanceInterestYield/Rate (5)
Assets      
Interest-earning assets:      
Interest-earning deposits with banks$81,497 $1,822 4.51 %$183,047 $363 0.40 %
Securities (including FHLB stock)417,104 4,807 2.32 %444,879 4,619 2.09 %
Federal funds sold421 — — %197 — — %
Loans held for sale — — — %— — — %
Loans, net of unearned income (6)2,548,446 78,439 6.21 %2,199,435 58,037 5.32 %
Total interest-earning assets3,047,468 $85,068 5.63 %2,827,558 $63,019 4.49 %
Noninterest-earning assets:      
Cash and due from banks18,853 18,910   
Premises and equipment, net59,043 58,314   
Other assets27,854 28,709   
Total Assets$3,153,218   $2,933,491   
Liabilities and Shareholders' Equity      
Interest-bearing liabilities:      
Demand deposits$1,473,147 $28,085 3.84 %$1,325,755 $5,160 0.78 %
Savings deposits209,190 1,417 1.37 %207,664 162 0.16 %
Time deposits596,575 8,800 2.97 %562,550 5,295 1.90 %
Borrowings121,892 3,552 5.88 %51,732 1,109 4.32 %
Total interest-bearing liabilities2,400,804 $41,854 3.52 %2,147,701 $11,726 1.10 %
Noninterest-bearing liabilities:      
Demand deposits503,216 554,475   
Other15,071 7,396   
Total Liabilities2,919,091   2,709,572   
Shareholders' equity234,127 223,919   
Total Liabilities and Shareholders' Equity$3,153,218   $2,933,491   
Net interest income $43,214   $51,293  
Net interest rate spread (1)  2.11 %  3.39 %
Net interest-earning assets (2)$646,664   $679,857   
Net interest margin (3), (4)  2.86 %3.66 %
Average interest-earning assets to interest-bearing liabilities  126.94 %131.66 %
(1)Net interest rate spread represents the difference between the yield on average interest-earning assets and the cost of average interest-bearing liabilities.
(2)Net interest-earning assets represents total interest-earning assets less total interest-bearing liabilities.
(3)Net interest margin represents net interest income divided by average total interest-earning assets.
(4)The tax adjusted net interest margin was 2.86% and 3.66% for the above periods ended June 30, 2023 and 2022 respectively. A 21% tax rate was used to calculate the effect on securities income from tax exempt securities for the above periods ended June 30, 2023 and 2022 respectively.
(5)Annualized.
(6)Includes loan fees of $2.8 million and $4.5 million for the six months ended June 30, 2023 and 2022 respectively. PPP loan fee income of $16,000 and $1.1 million was recognized for the six months ended June 30, 2023 and 2022 respectively.




The following table summarizes the components of First Guaranty's loan portfolio as of June 30, 2023, March 31, 2023, December 31, 2022, and September 30, 2022:

 June 30, 2023March 31, 2023December 31, 2022September 30, 2022
(in thousands except for %)BalanceAs % of CategoryBalanceAs % of CategoryBalanceAs % of CategoryBalanceAs % of Category
Real Estate:    
Construction & land development$301,259 11.6 %$289,486 11.2 %$233,091 9.2 %$204,640 8.4 %
Farmland29,398 1.1 %23,065 0.9 %24,823 1.0 %24,556 1.0 %
1- 4 Family406,148 15.6 %385,984 14.9 %366,330 14.5 %352,501 14.5 %
Multifamily121,342 4.7 %120,620 4.7 %119,785 4.7 %118,273 4.9 %
Non-farm non-residential1,025,073 39.5 %1,027,199 39.8 %992,929 39.3 %981,954 40.5 %
Total Real Estate1,883,220 72.5 %1,846,354 71.5 %1,736,958 68.7 %1,681,924 69.3 %
Non-Real Estate:
Agricultural47,924 1.8 %40,351 1.6 %39,045 1.5 %47,642 2.0 %
Commercial and industrial(1)
338,023 13.0 %344,332 13.3 %385,279 15.3 %365,549 15.1 %
Commercial leases282,161 10.9 %302,450 11.7 %317,574 12.6 %281,010 11.6 %
Consumer and other47,771 1.8 %49,157 1.9 %47,864 1.9 %48,188 2.0 %
Total Non-Real Estate715,879 27.5 %736,290 28.5 %789,762 31.3 %742,389 30.7 %
Total loans before unearned income2,599,099 100.0 %2,582,644 100.0 %2,526,720 100.0 %2,424,313 100.0 %
Unearned income(8,433) (8,402)(7,643)(6,986)
Total loans net of unearned income$2,590,666  $2,574,242 $2,519,077 $2,417,327 
(1) Includes PPP loans fully guaranteed by the SBA of $5.4 million, $5.7 million, $5.9 million, and $6.1 million at June 30, 2023, March 31, 2023, December 31, 2022, and September 30, 2022, respectively.





The table below sets forth the amounts and categories of our nonperforming assets at the dates indicated.
(in thousands)June 30, 2023March 31, 2023December 31, 2022September 30, 2022
Nonaccrual loans: 
Real Estate: 
Construction and land development$518 $221 $225 $104 
Farmland867 677 290 290 
1- 4 family6,320 6,209 3,826 3,646 
Multifamily537 — — — 
Non-farm non-residential8,285 2,675 3,746 2,629 
Total Real Estate16,527 9,782 8,087 6,669 
Non-Real Estate:
Agricultural1,375 1,469 1,622 1,645 
Commercial and industrial2,167 1,026 819 876 
Commercial leases1,818 1,799 1,799 — 
Consumer and other2,016 1,593 1,239 1,168 
Total Non-Real Estate7,376 5,887 5,479 3,689 
Total nonaccrual loans23,903 15,669 13,566 10,358 
Loans 90 days and greater delinquent & accruing:
Real Estate:
Construction and land development182 190 427 326 
Farmland— — — — 
1- 4 family295 — 332 359 
Multifamily— — 157 13 
Non-farm non-residential— 1,641 103 318 
Total Real Estate477 1,831 1,019 1,016 
Non-Real Estate:
Agricultural61 — — — 
Commercial and industrial— 6,244 123 444 
Commercial leases— — — — 
Consumer and other— — — — 
Total Non-Real Estate61 6,244 123 444 
Total loans 90 days and greater delinquent & accruing538 8,075 1,142 1,460 
Total non-performing loans24,441 23,744 14,708 11,818 
Real Estate Owned:
Real Estate Loans:
Construction and land development251 — — — 
Farmland— — — — 
1- 4 family248 113 113 249 
Multifamily— — — — 
Non-farm non-residential774 774 — 1,418 
Total Real Estate1,273 887 113 1,667 
Non-Real Estate Loans:
Agricultural— — — — 
Commercial and industrial— — — — 
Commercial leases— — — — 
Consumer and other— — — — 
Total Non-Real Estate— — — — 
Total Real Estate Owned1,273 887 113 1,667 
Total non-performing assets$25,714 $24,631 $14,821 $13,485 
Non-performing assets to total loans0.99 %0.96 %0.59 %0.56 %
Non-performing assets to total assets0.79 %0.76 %0.47 %0.44 %
Non-performing loans to total loans0.94 %0.92 %0.58 %0.49 %
Nonaccrual loans to total loans0.92 %0.61 %0.54 %0.43 %
Allowance for credit losses to nonaccrual loans133.29 %201.47 %173.36 %226.57 %


Non-GAAP Financial Measures
 
Our accounting and reporting policies conform to accounting principles generally accepted in the United States, or GAAP, and the prevailing practices in the banking industry. However, we also evaluate our performance based on certain additional metrics. Tangible book value per share and the ratio of tangible equity to tangible assets are not financial measures recognized under GAAP and, therefore, are considered non-GAAP financial measures.
 
Our management, banking regulators, many financial analysts and other investors use these non-GAAP financial measures to compare the capital adequacy of banking organizations with significant amounts of preferred equity and/or goodwill or other intangible assets, which typically stem from the use of the purchase accounting method of accounting for mergers and acquisitions. Tangible equity, tangible assets, tangible book value per share or related measures should not be considered in isolation or as a substitute for total shareholders' equity, total assets, book value per share or any other measure calculated in accordance with GAAP. Moreover, the manner in which we calculate tangible equity, tangible assets, tangible book value per share and any other related measures may differ from that of other companies reporting measures with similar names.
 
The following table reconciles, as of the dates set forth below, shareholders' equity (on a GAAP basis) to tangible equity and total assets (on a GAAP basis) to tangible assets and calculates our tangible book value per share.

 At June 30,At December 31,
(in thousands except for share data and %)20232022202120202019
Tangible Common Equity  
Total shareholders' equity$238,857 $234,991 $223,889 $178,591 $166,035 
Adjustments:
Preferred33,058 33,058 33,058 — — 
Goodwill12,900 12,900 12,900 12,900 12,942 
Acquisition intangibles4,007 4,355 5,051 5,815 6,527 
Tangible common equity$188,892 $184,678 $172,880 $159,876 $146,566 
Common shares outstanding
11,431,083 10,716,796 10,716,796 10,716,796 10,716,796 
Book value per common share
$18.00 $18.84 $17.81 $16.66 $15.49 
Tangible book value per common share
$16.52 $17.23 $16.13 $14.92 $13.68 
Tangible Assets
Total Assets$3,236,046 $3,151,347 $2,878,120 $2,473,078 $2,117,216 
Adjustments:
Goodwill12,900 12,900 12,900 12,900 12,942 
Acquisition intangibles4,007 4,355 5,051 5,815 6,527 
Tangible Assets$3,219,139 $3,134,092 $2,860,169 $2,454,363 $2,097,747 
Tangible common equity to tangible assets5.87 %5.89 %6.04 %6.51 %6.99 %



v3.23.2
Cover
Aug. 08, 2023
Document Information [Line Items]  
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Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company false
Entity Central Index Key 0001408534
Document Type 8-K
Document Period End Date Aug. 08, 2023
Entity Registrant Name FIRST GUARANTY BANCSHARES, INC.
Entity Incorporation, State or Country Code LA
Entity File Number 001-37621
Entity Tax Identification Number 26-0513559
Entity Address, Address Line One 400 East Thomas Street
Entity Address, City or Town Hammond
Entity Address, State or Province LA
Entity Address, Postal Zip Code 70401
City Area Code 345-7685
City Area Code (985)
Written Communications false
Soliciting Material false
Amendment Flag false
Common Stock  
Document Information [Line Items]  
Title of 12(b) Security Common Stock, $1 par value
Trading Symbol FGBI
Security Exchange Name NASDAQ
Noncumulative Preferred Stock  
Document Information [Line Items]  
Title of 12(b) Security Depositary Shares (each representing a 1/40th interest in a share of 6.75% Series A Fixed-Rate Non-Cumulative perpetual preferred stock)
Trading Symbol FGBIP
Security Exchange Name NASDAQ
First Guaranty Bancshares (NASDAQ:FGBIP)
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