Condensed Parent Company Information (Tables)

12 Months Ended

Dec. 31, 2012

Condensed Parent Company Information [Abstract]

Condensed Balance Sheets

First Guaranty Bancshares, Inc.
Condensed Balance Sheets
(in thousands)	December 31, 2012		December 31, 2011
Assets
Cash	$	1,291	$	1,618
Investment in bank subsidiary		135,538		127,801
Investment securities:
Available for sale, at fair value		64		291
Other assets		407		286
Total Assets	$	137,300	$	129,996
Liabilities and Stockholders' Equity
Long-term debt	$	2,900	$	3,200
Other liabilities		219		194
Total Liabilities		3,119		3,394
Stockholders' Equity		134,181		126,602
Total Liabilities and Stockholders' Equity	$	137,300	$	129,996

Condensed Statements of Income

First Guaranty Bancshares, Inc.
Condensed Statements of Income
(in thousands)	December 31, 2012			December 31, 2011			December 31, 2010
Operating Income
Dividends received from bank subsidiary	$	6,400		$	4,600		$	6,893
Other income		1			32			4
Total operating income		6,401			4,632			6,897
Operating Expenses
Interest expense		91			166			-
Salaries & Benefits		101			85			88
Other expenses		667			927			766
Total operating expenses		859			1,178			854
Income before income tax benefit and increase in equity in undistributed earnings of subsidiary		5,542			3,454			6,043
Income tax benefit		373			200			296
Income before increase in equity in undistributed earnings of subsidiary		5,915			3,654			6,339
Increase in equity in undistributed earnings of subsidiary		6,144			4,379			3,686
Net Income		12,059			8,033			10,025
Less preferred stock dividends		(1,972	)		(1,976	)		(1,333	)
Net income available to common shareholders	$	10,087		$	6,057		$	8,692

Condensed Statements of Cash Flow

First Guaranty Bancshares, Inc.
Condensed Statements of Cash Flow
(in thousands)	December 31, 2012			December 31, 2011			December 31, 2010
Cash flows from operating activities:
Net income	$	12,059		$	8,033		$	10,025
Adjustments to reconcile net income to net cash provided by operating activities:
(Increase) in equity in undistributed earnings of subsidiary		(6,144	)		(4,379	)		(3,686	)
Loss on sale of securities		2			-			-
Net change in other liabilities		32			(349	)		159
Net change in other assets		(122	)		(250	)		164
Net cash provided by operating activities		5,827			3,055			6,662
Cash flows from investing activities:
Proceeds from maturities, calls and sales of AFS securities		248			-			-
Funds Invested in AFS securities		(41	)		-			-
Payments for investments in and advances to subsidiary		-			(19,331	)		-
Cash paid in excess of cash received in acquisition		-			(2,203	)		-
Net cash provided by (used in) investing activities		207			(21,534	)		-
Cash flows from financing activities:
Proceeds from short-term debt		1,800			-			-
Proceeds from long-term debt		-			3,500			-
Repayment of long-term debt		(2,100	)		(3,800	)		-
Proceeds from issuance of preferred stock		-			39,435			-
Repurchase of preferred stock		-			(21,128	)		-
Repurchase of common stock		(54	)		-			-
Dividends paid		(6,007	)		(5,433	)		(4,686	)
Net cash provided by (used in) financing activities		(6,361	)		12,574			(4,686	)
Net (decrease) increase in cash and cash equivalents		(327	)		(5,905	)		1,976
Cash and cash equivalents at the beginning of the period		1,618			7,523			5,547
Cash and cash equivalents at the end of the period	$	1,291		$	1,618		$	7,523