Financial Performance - Net income for the first quarter of 2021 was $5.0 million, up from $3.8 million in the same period of 2020[125]. - Earnings per common share were $0.52 for the first quarter of 2021, compared to $0.39 for the same period in 2020[125]. - Net income for the three months ended March 31, 2021 was $5.0 million, an increase of $1.2 million, or 31.3%, from $3.8 million for the same period in 2020[200]. - The net income for the three-month period ended March 31, 2021, was $5.0 million, partially offset by $1.6 million in cash dividends paid on common stock[229]. Asset and Loan Growth - Total assets increased by $93.6 million, or 3.8%, to $2.6 billion as of March 31, 2021, compared to December 31, 2020[124]. - Total loans rose by $122.3 million, or 6.6%, to $2.0 billion at March 31, 2021, compared to December 31, 2020[124]. - Total deposits increased by $148.4 million, or 6.8%, to $2.3 billion at March 31, 2021, compared to December 31, 2020[124]. - The average outstanding balance of loans was $1.91 billion for the three months ended March 31, 2021, compared to $1.51 billion for the same period in 2020[183]. Interest Income and Margin - Net interest income for the first quarter of 2021 was $19.6 million, compared to $17.9 million for the same period in 2020[129]. - The net interest margin decreased by 32 basis points to 3.25% for the three months ended March 31, 2021, compared to 3.57% for the same period in 2020[132]. - Interest income on loans increased by $1.3 million, or 5.7%, to $23.8 million for the three months ended March 31, 2021[207]. - Average yield of interest-earning assets decreased by 86 basis points to 4.20% for the three months ended March 31, 2021[205]. Loan Losses and Allowance - The allowance for loan losses was 1.26% of total loans at March 31, 2021, down from 1.33% at December 31, 2020[127]. - The allowance for loan losses was $24.8 million, representing 1.26% of total loans and 98.2% of nonperforming loans as of March 31, 2021[173]. - A provision for loan losses of $0.6 million was recorded for the three months ended March 31, 2021, compared to $1.2 million for the same period in 2020[175]. - Total charge-offs were $0.4 million for the three months ended March 31, 2021, compared to $0.3 million for the same period in 2020[216]. Non-Performing Assets - Non-performing assets totaled $27.2 million, or 1.06% of total assets, at March 31, 2021, down from $30.9 million, or 1.25%, at December 31, 2020, representing a decrease of $3.7 million or 12.0%[159]. - Total impaired loans increased by $1.7 million to $17.6 million at March 31, 2021, compared to $15.9 million at December 31, 2020[135]. - Nonaccrual loans increased to $16.1 million at March 31, 2021, from $15.6 million at December 31, 2020[160]. - Loans 90 days or greater delinquent and still accruing totaled $9.1 million, a decrease of $4.0 million compared to $13.1 million at December 31, 2020[161]. Deposits and Funding - Noninterest-bearing demand deposits rose by $55.3 million, or 13.4%, to $466.7 million at March 31, 2021, driven by economic conditions related to the CARES Act and stimulus payments[185]. - Interest-bearing demand deposits increased by $70.7 million, or 8.2%, to $931.1 million at March 31, 2021[185]. - Total public funds deposits increased to $767.7 million at March 31, 2021, compared to $715.3 million at December 31, 2020, reflecting seasonal fluctuations[192]. - The total amount of outstanding certificates of deposit greater than or equal to $100,000 was approximately $513.7 million as of March 31, 2021[187]. Capital and Equity - Total shareholders' equity decreased to $176.3 million at March 31, 2021 from $178.6 million at December 31, 2020, primarily due to a decrease in accumulated other comprehensive income[198]. - First Guaranty issued 34,500 shares of 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock, raising total gross proceeds of $34.5 million[230]. - The Bank's Tier 1 Risk-based Capital Ratio was 8.00% as of March 31, 2021, down from 10.33% at December 31, 2020[236]. Interest Rate Risk Management - The cumulative interest sensitivity gap was $(492,996) as of March 31, 2021, indicating a liability-sensitive position[245]. - An instantaneous increase of 400 basis points in interest rates would result in a 2.02% increase in net interest income[247]. - A gradual increase of 400 basis points in interest rates would lead to a decrease of 0.52% in net interest income[247]. - The company considers various factors, including borrower debt servicing ability, when monitoring interest rate risk exposure[247].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ______________. Commission file number: 001-37621 FIRST GUARANTY BANCSHARES, INC. (Exact name of registrant as specified in its charter) Louisiana 26-051355 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT For the transition period from __________ to __________ Commission File Number: 001-37621 FIRST GUARANTY BANCSHARES, INC. (Exact name of registrant as specified in its charter) Louisiana 26-0513559 (State ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $1 par value FGBI The Nasdaq Stock Market LLC Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT For the t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $1 par value FGBI The Nasdaq Stock Market LLC Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT For the ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K xANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 or oTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ______________. Commission file number: 001-37621 https://files.report FIRST GUARANTY BANCSHARES, INC. (Exact name of registrant as specified in its charter) ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $1 par value FGBI The Nasdaq Stock Market LLC Form 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarter Ended September 30, 2019 Commission File Number: 001-37621 FIRST GUARANTY BANCSHARES, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction incorporati ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $1 par value FGBI The Nasdaq Stock Market LLC Form 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarter Ended June 30, 2019 Commission File Number: 001-37621 FIRST GUARANTY BANCSHARES, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction incorporation or ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarter Ended March 31, 2019 Commission File Number: 001-37621 FIRST GUARANTY BANCSHARES, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction incorporation or organization) (I.R.S. Employer Identification Number) Louisiana 26-0513559 400 East Thomas Street Hammond, Louisiana (Address of principal ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K xANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 or oTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ______________. Commission file number: 001-37621 FIRST GUARANTY BANCSHARES, INC. (Exact name of registrant as specified in its charter) (State or other juris ...