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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): October 27, 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 October 27, 2023, First Guaranty Bancshares, Inc. issued a press release reporting its financial results at and for the three months and nine months ended September 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 October 27, 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: October 27, 2023   
  By:/s/Eric J. Dosch
   Eric J. Dosch
   Chief Financial Officer
   



INDEX TO EXHIBITS
 
Exhibit NumberDescription
Press Release October 27, 2023 "First Guaranty Bancshares, Inc. Announces Third Quarter 2023 Results."


EXHIBIT 99.1
OCTOBER 27, 2023
NEWS FOR IMMEDIATE RELEASE
CONTACT: ERIC J. DOSCH, CFO
985.375.0308
 
First Guaranty Bancshares, Inc. Announces Third Quarter 2023 Results

Hammond, Louisiana, October 27, 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 September 30, 2023.

We are making progress. In a time in which all banks have been battling the squeeze between loan interest rates and the rates to be paid for deposits, it appears that, in the second half of the third quarter, we passed the bottom and began to climb upward. Our loan portfolio before unearned income continued to grow as it grew to $2,707,669,000 as of September 30, 2023 compared to $2,599,099,000 as of June 30, 3023 and $2,526,720,000 as of December 31, 2022. Total interest income for the quarter ending September 30, 2023 was $47,627,000 compared to $43,781,000 for the quarter ending June 30, 2023 and $41,287,000 for the quarter ending March 31, 2023 and $38,307,000 for the quarter ending December 31, 2022. Our total non-interest expense for the quarter ending September 30, 2023 was $19,996,000 compared to $19,735,000 for quarter ending June 30, 2023 and $20,166,000 for quarter ending March 31, 2023.

We are making progress. This is not to say that the struggles are over. Our entire staff has reacted positively and strongly to reduce expenses. Everyone involved in Loan Production, Credit, and Loan Processing has been and continues to work very diligently to obtain new loans and get them expedited, approved, and earning.

We appreciate the patience and understanding of our shareholders. We are making progress. We will prevail and continue to build First Guaranty into a profitable investment with a fortress balance sheet.

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)September 30, 2023December 31, 2022
Assets  
Cash and cash equivalents:  
Cash and due from banks$200,825 $82,796 
Federal funds sold450 423 
Cash and cash equivalents201,275 83,219 
Investment securities:  
Available for sale, at fair value79,857 131,458 
Held to maturity, at cost and net of allowance for credit losses of $80 and $0 (estimated fair value of $234,771 and $242,560 respectively)320,624 320,068 
Investment securities400,481 451,526 
Federal Home Loan Bank stock, at cost13,241 6,528 
Loans held for sale— — 
Loans, net of unearned income2,699,393 2,519,077 
Less: allowance for credit losses31,936 23,518 
Net loans2,667,457 2,495,559 
Premises and equipment, net64,006 58,206 
Goodwill12,900 12,900 
Intangible assets, net4,366 4,979 
Other real estate, net1,135 113 
Accrued interest receivable16,728 13,002 
Other assets36,645 25,315 
Total Assets$3,418,234 $3,151,347 
Liabilities and Shareholders' Equity  
Deposits:  
Noninterest-bearing demand$458,392 $524,415 
Interest-bearing demand1,435,555 1,460,259 
Savings214,371 205,760 
Time706,691 533,358 
Total deposits2,815,009 2,723,792 
Short-term advances from Federal Home Loan Bank125,000 120,000 
Short-term borrowings20,000 20,000 
Repurchase agreements7,659 6,442 
Accrued interest payable10,780 4,289 
Long-term advances from Federal Home Loan Bank155,000 — 
Senior long-term debt20,306 21,927 
Junior subordinated debentures15,000 15,000 
Other liabilities10,658 4,906 
Total Liabilities3,179,412 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 earnings69,247 76,351 
Accumulated other comprehensive (loss) income(14,293)(15,228)
Total Shareholders' Equity238,822 234,991 
Total Liabilities and Shareholders' Equity$3,418,234 $3,151,347 
See Notes to Consolidated Financial Statements  



FIRST GUARANTY BANCSHARES, INC. AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF INCOME (unaudited)
Three Months Ended
September 30,		Nine Months Ended
September 30,
(in thousands, except share data)2023202220232022
Interest Income:
Loans (including fees)$43,407 $32,386 $121,846 $90,423 
Deposits with other banks1,897 561 3,719 924 
Securities (including FHLB stock)2,323 2,303 7,130 6,922 
Total Interest Income47,627 35,250 132,695 98,269 
Interest Expense:
Demand deposits16,102 6,243 44,187 11,403 
Savings deposits1,001 267 2,418 429 
Time deposits6,504 2,533 15,304 7,828 
Borrowings3,575 758 7,127 1,867 
Total Interest Expense27,182 9,801 69,036 21,527 
Net Interest Income20,445 25,449 63,659 76,742 
Less: Provision for credit losses627 1,509 1,489 2,898 
Net Interest Income after Provision for Credit Losses19,818 23,940 62,170 73,844 
Noninterest Income:
Service charges, commissions and fees858 814 2,461 2,364 
ATM and debit card fees796 864 2,449 2,591 
Net gains (losses) on securities— — — (17)
Net gains on sale of loans— 1,624 12 1,713 
Other835 716 3,083 1,856 
Total Noninterest Income2,489 4,018 8,005 8,507 
Total Business Revenue, Net of Provision for Credit Losses22,307 27,958 70,175 82,351 
Noninterest Expense:
Salaries and employee benefits10,429 9,181 30,365 27,246 
Occupancy and equipment expense2,121 2,295 6,542 6,748 
Other7,446 6,312 22,990 18,364 
Total Noninterest Expense19,996 17,788 59,897 52,358 
Income Before Income Taxes2,311 10,170 10,278 29,993 
Less: Provision for income taxes539 2,117 2,362 6,230 
Net Income1,772 8,053 7,916 23,763 
Less: Preferred stock dividends582 582 1,747 1,747 
Net Income Available to Common Shareholders$1,190 $7,471 $6,169 $22,016 
Per Common Share:
Earnings$0.10 $0.70 $0.56 $2.05 
Cash dividends paid$0.16 $0.16 $0.48 $0.48 
Weighted Average Common Shares Outstanding11,431,083 10,716,796 11,022,919 10,716,796 
See Notes to Consolidated Financial Statements



              FIRST GUARANTY BANCSHARES, INC. AND SUBSIDIARY       
CONSOLIDATED AVERAGE BALANCE SHEETS (unaudited)       
 Three Months Ended September 30, 2023Three Months Ended September 30, 2022
(in thousands except for %)Average BalanceInterestYield/Rate (5)Average BalanceInterestYield/Rate (5)
Assets      
Interest-earning assets:      
Interest-earning deposits with banks$145,235 $1,897 5.18 %$109,333 $561 2.04 %
Securities (including FHLB stock)412,169 2,323 2.24 %460,370 2,303 1.98 %
Federal funds sold331 — — %272 — — %
Loans held for sale — — — %— — — %
Loans, net of unearned income (6)2,632,564 43,407 6.54 %2,344,868 32,386 5.48 %
Total interest-earning assets3,190,299 $47,627 5.92 %2,914,843 $35,250 4.80 %
Noninterest-earning assets:
Cash and due from banks18,418 17,611 
Premises and equipment, net62,348 58,126 
Other assets27,420 27,430 
Total Assets$3,298,485 $3,018,010 
Liabilities and Shareholders' Equity
Interest-bearing liabilities:
Demand deposits$1,429,402 $16,102 4.47 %$1,397,720 $6,243 1.77 %
Savings deposits216,089 1,001 1.84 %220,567 267 0.48 %
Time deposits678,521 6,504 3.80 %532,253 2,533 1.89 %
Borrowings251,317 3,575 5.64 %74,078 758 4.06 %
Total interest-bearing liabilities2,575,329 $27,182 4.19 %2,224,618 $9,801 1.75 %
Noninterest-bearing liabilities:
Demand deposits461,489 554,218 
Other20,660 10,448 
Total Liabilities3,057,478 2,789,284 
Shareholders' equity241,007 228,726 
Total Liabilities and Shareholders' Equity$3,298,485 $3,018,010 
Net interest income$20,445 $25,449 
Net interest rate spread (1)1.73 %3.05 %
Net interest-earning assets (2)$614,970 $690,225 
Net interest margin (3), (4)2.54 %3.46 %
Average interest-earning assets to interest-bearing liabilities123.88 %131.03 %
(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 2.55% and 3.47% for the above periods ended September 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 September 30, 2023 and 2022 respectively.
(5)Annualized.
(6)Includes loan fees of $1.5 million and $1.8 million for the three months ended September 30, 2023 and 2022 respectively. PPP loan fee income of $0 and $0.2 million was recognized for the three months ended September 30, 2023 and 2022 respectively.



              FIRST GUARANTY BANCSHARES, INC. AND SUBSIDIARY       
CONSOLIDATED AVERAGE BALANCE SHEETS (unaudited)       
 Nine Months Ended September 30, 2023Nine Months Ended September 30, 2022
(in thousands except for %)Average BalanceInterestYield/Rate (5)Average BalanceInterestYield/Rate (5)
Assets      
Interest-earning assets:      
Interest-earning deposits with banks$102,976 $3,719 4.83 %$158,206 $924 0.78 %
Securities (including FHLB stock)415,442 7,130 2.29 %450,100 6,922 2.06 %
Federal funds sold391 — — %222 — — %
Loans held for sale — — — %— — — %
Loans, net of unearned income (6)2,576,793 121,846 6.32 %2,248,445 90,423 5.38 %
Total interest-earning assets3,095,602 $132,695 5.73 %2,856,973 $98,269 4.60 %
Noninterest-earning assets:      
Cash and due from banks18,706 18,472   
Premises and equipment, net60,157 58,251   
Other assets27,707 28,461   
Total Assets$3,202,172   $2,962,157   
Liabilities and Shareholders' Equity      
Interest-bearing liabilities:      
Demand deposits$1,458,405 $44,187 4.05 %$1,350,190 $11,403 1.13 %
Savings deposits211,515 2,418 1.53 %212,013 429 0.27 %
Time deposits624,190 15,304 3.28 %552,340 7,828 1.89 %
Borrowings165,508 7,127 5.76 %59,263 1,867 4.21 %
Total interest-bearing liabilities2,459,618 $69,036 3.75 %2,173,806 $21,527 1.32 %
Noninterest-bearing liabilities:      
Demand deposits489,154 554,388   
Other16,954 8,424   
Total Liabilities2,965,726   2,736,618   
Shareholders' equity236,446 225,539   
Total Liabilities and Shareholders' Equity$3,202,172   $2,962,157   
Net interest income $63,659   $76,742  
Net interest rate spread (1)  1.98 %  3.28 %
Net interest-earning assets (2)$635,984   $683,167   
Net interest margin (3), (4)  2.75 %3.59 %
Average interest-earning assets to interest-bearing liabilities  125.86 %131.43 %
(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 2.75% and 3.60% for the above periods ended September 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 September 30, 2023 and 2022 respectively.
(5)Annualized.
(6)Includes loan fees of $4.3 million and $6.3 million for the nine months ended September 30, 2023 and 2022 respectively. PPP loan fee income of $16,000 and $1.3 million was recognized for the nine months ended September 30, 2023 and 2022 respectively.




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

 September 30, 2023June 30, 2023March 31, 2023December 31, 2022
(in thousands except for %)BalanceAs % of CategoryBalanceAs % of CategoryBalanceAs % of CategoryBalanceAs % of Category
Real Estate:    
Construction & land development$342,246 12.6 %$301,259 11.6 %$289,486 11.2 %$233,091 9.2 %
Farmland31,361 1.1 %29,398 1.1 %23,065 0.9 %24,823 1.0 %
1- 4 Family419,045 15.5 %406,148 15.6 %385,984 14.9 %366,330 14.5 %
Multifamily121,206 4.5 %121,342 4.7 %120,620 4.7 %119,785 4.7 %
Non-farm non-residential1,052,750 38.9 %1,025,073 39.5 %1,027,199 39.8 %992,929 39.3 %
Total Real Estate1,966,608 72.6 %1,883,220 72.5 %1,846,354 71.5 %1,736,958 68.7 %
Non-Real Estate:
Agricultural47,949 1.8 %47,924 1.8 %40,351 1.6 %39,045 1.5 %
Commercial and industrial(1)
354,836 13.1 %338,023 13.0 %344,332 13.3 %385,279 15.3 %
Commercial leases292,208 10.8 %282,161 10.9 %302,450 11.7 %317,574 12.6 %
Consumer and other46,068 1.7 %47,771 1.8 %49,157 1.9 %47,864 1.9 %
Total Non-Real Estate741,061 27.4 %715,879 27.5 %736,290 28.5 %789,762 31.3 %
Total loans before unearned income2,707,669 100.0 %2,599,099 100.0 %2,582,644 100.0 %2,526,720 100.0 %
Unearned income(8,276) (8,433)(8,402)(7,643)
Total loans net of unearned income$2,699,393  $2,590,666 $2,574,242 $2,519,077 
(1) Includes PPP loans fully guaranteed by the SBA of $3.1 million, $5.4 million, $5.7 million, and $5.9 million at September 30, 2023, June 30, 2023, March 31, 2023, and December 31, 2022, , respectively.





The table below sets forth the amounts and categories of our nonperforming assets at the dates indicated.
(in thousands)September 30, 2023June 30, 2023March 31, 2023December 31, 2022
Nonaccrual loans: 
Real Estate: 
Construction and land development$664 $518 $221 $225 
Farmland874 867 677 290 
1- 4 family6,827 6,320 6,209 3,826 
Multifamily537 537 — — 
Non-farm non-residential8,403 8,285 2,675 3,746 
Total Real Estate17,305 16,527 9,782 8,087 
Non-Real Estate:
Agricultural1,378 1,375 1,469 1,622 
Commercial and industrial2,827 2,167 1,026 819 
Commercial leases1,799 1,818 1,799 1,799 
Consumer and other2,246 2,016 1,593 1,239 
Total Non-Real Estate8,250 7,376 5,887 5,479 
Total nonaccrual loans25,555 23,903 15,669 13,566 
Loans 90 days and greater delinquent & accruing:
Real Estate:
Construction and land development182 182 190 427 
Farmland2,693 — — — 
1- 4 family593 295 — 332 
Multifamily— — — 157 
Non-farm non-residential956 — 1,641 103 
Total Real Estate4,424 477 1,831 1,019 
Non-Real Estate:
Agricultural61 61 — — 
Commercial and industrial3,659 — 6,244 123 
Commercial leases— — — — 
Consumer and other— — — — 
Total Non-Real Estate3,720 61 6,244 123 
Total loans 90 days and greater delinquent & accruing8,144 538 8,075 1,142 
Total non-performing loans33,699 24,441 23,744 14,708 
Real Estate Owned:
Real Estate Loans:
Construction and land development251 251 — — 
Farmland— — — — 
1- 4 family194 248 113 113 
Multifamily— — — — 
Non-farm non-residential690 774 774 — 
Total Real Estate1,135 1,273 887 113 
Non-Real Estate Loans:
Agricultural— — — — 
Commercial and industrial— — — — 
Commercial leases— — — — 
Consumer and other— — — — 
Total Non-Real Estate— — — — 
Total Real Estate Owned1,135 1,273 887 113 
Total non-performing assets$34,834 $25,714 $24,631 $14,821 
Non-performing assets to total loans1.29 %0.99 %0.96 %0.59 %
Non-performing assets to total assets1.02 %0.79 %0.76 %0.47 %
Non-performing loans to total loans1.25 %0.94 %0.92 %0.58 %
Nonaccrual loans to total loans0.95 %0.92 %0.61 %0.54 %
Allowance for credit losses to nonaccrual loans124.97 %133.29 %200.83 %173.36 %
Net loan charge-offs to average loans0.05 %0.04 %0.08 %0.18 %


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 September 30,At December 31,
(in thousands except for share data and %)20232022202120202019
Tangible Common Equity  
Total shareholders' equity$238,822 $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 intangibles3,832 4,355 5,051 5,815 6,527 
Tangible common equity$189,032 $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
$16.54 $17.23 $16.13 $14.92 $13.68 
Tangible Assets
Total Assets$3,418,234 $3,151,347 $2,878,120 $2,473,078 $2,117,216 
Adjustments:
Goodwill12,900 12,900 12,900 12,900 12,942 
Acquisition intangibles3,832 4,355 5,051 5,815 6,527 
Tangible Assets$3,401,502 $3,134,092 $2,860,169 $2,454,363 $2,097,747 
Tangible common equity to tangible assets5.56 %5.89 %6.04 %6.51 %6.99 %



v3.23.3
Cover
Oct. 27, 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 Oct. 27, 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
Foodbase (PK) (USOTC:FBGI)
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