First Guaranty Bancshares Inc 2025年度报告

HONORING 48 YEARS OFLEADERSHIP AND DEDICATION William K. “Bill” Hood was far more than a member of the Board of Directors.He was an integral part of First Guaranty Bank. For 48 years, Bill gave his all to the bank. His dedication wasn’t just to FGB'smission, but to its people and its future. He believed deeply in what we stood for,and that belief showed in everything he did. His service did not simply influenceour story; it helped write it. Serving on the Board was deeply meaningful to Bill. He never viewed it as a titleor formality, but as a responsibility he took seriously. Being involved in theleadership of First Guaranty Bank mattered greatly to him, and his commitmentreflected the pride he felt in being part of something bigger. For nearly five decades, Bill became a steady and trusted voice as the Bankgrew and changed. As the longest serving Director in our history, he offeredperspective, consistency, and guidance that only time and true dedication canbring. He helped lead the Bank through every season, always focused on whatwould be best for the bank. Bill played a meaningful role in guiding First Guaranty Bank’s evolution from asmall community bank to a publicly traded financialinstitution reflecting bothhis confidence in our mission and his belief in the people carrying it forward. IN MEMORY OFHe led with a unique balance of determination and compassion. Bill asked toughquestions, pushed for progress, and encouraged excellence, all while genuinelycaring about employees, customers, and the communities we serve. His respect for others was evident, and his presence made a lasting impressionwell beyond board meetings. Bill’s impact lives on in the culture he helpedshape, the values he stood behind, and thecountless people he influenced along theway. His legacy will continue to support FirstGuaranty Bank for generations to come. Thank you, Bill, for 48 years.You are deeply missed and will alwaysremain an important part of our story.WILLIAM K. “BILL” HOOD FIRST GUARANTY BANCSHARES, INC.CORPORATE INFORMATION® CERTIFIED PUBLIC ACCOUNTANTSEisnerAmper, LLP ANNUAL MEETING The Annual Meeting of Shareholders will conveneat 2:00 PM Central Daylight Saving Time (CDT)on Thursday, May 21, 2026 in the FGB Center206 S. Orange StreetHammond, LA 70403 FINANCIAL AND GENERAL INFORMATIONPersons seeking financial or other information about the Company are invited to contact: Eric J. DoschChief Financial Officer, Treasurer and SecretaryFirst Guaranty Bancshares, Inc.Post Office Box 2009Hammond, Louisiana 70404-2009Telephone: (985) 375-0308 CORPORATE HEADQUARTERSFirst Guaranty Square 400 East Thomas StreetHammond, Louisiana 70401-3320Telephone: (888) 375-3093 SHAREHOLDER SERVICESFirst Guaranty Bancshares, Inc. NOTICE TO SHAREHOLDERSA copy of the First Guaranty Bancshares, Inc. Annual Post Office Box 2009Hammond, Louisiana 70404-2009Contact: Vanessa R. DrewTelephone: (985) 375-0343Email: investorrelations@fgb.net Report filed on Form 10-K with the U.S. Securitiesand Exchange Commission can be accessed throughthe Company’s website at fgb.net or is availablewithout charge by writing. Scan here or go toinvestors.fgb.netto visit our Investor Relations site. NASDAQ Stock TickerSymbol:FGBIandFGBIP ®LETTER FROM THE CHIEF EXECUTIVE OFFICER & PRESIDENT Dear Shareholders, 2025 was a year of meaningful progress for First Guaranty. The strategy wearticulated coming into the year was clear: align growth with capital, reducestructural expenses, enhance balance sheet resilience, and further strengthencredit quality. I am pleased to report that we made substantial progress acrosseach of these priorities. We took deliberate steps to align asset growth with our risk based capital position.During 2025, we reduced the overall size of our loan portfolio, with a particularemphasis on lowering exposure to higher risk commercial real estate loans. Wehave remained committed to the core lending franchises that reflect our strengths:residential mortgage, consumer lending, owner occupied commercial real estate,agricultural lending and small business loans. Importantly, we shifted towardsmaller, more diversified loan originations, improving the loan portfolio composition while supporting our Michael R. MineerChief Executive Officer &President communities and customers. We continue to make progress on expense reduction. Our non-interest expense was ten percent lower in2025 compared to 2024 when excluding a one-time adjustment for Goodwill impairment. We continue toclosely monitor discretionary expenses and are continually evaluating third party service relationships toidentify opportunities to lower costs while improving efficiency. We strengthened our balance sheet risk management. We increased on balance sheet liquidity, loweredour loan to deposit ratio, and took steps to reduce the liability sensitive posture that had pressurednet interest income during prior rate increases. Our deposit strategy continued to emphasize gr