Condensed Parent Company Information (Tables)

12 Months Ended

Dec. 31, 2015

Condensed Parent Company Information [Abstract]

Condensed Balance Sheets

First Guaranty Bancshares, Inc.
Condensed Balance Sheets
	December 31,
(in thousands)	2015		2014
Assets
Cash	$	16,862	$	723
Investment in bank subsidiary		140,518		138,176
Investment Securities (available for sale, at fair value)		80		70
Other assets		3,233		5,129
Total Assets	$	160,693	$	144,098
Liabilities and Shareholders' Equity
Short-term debt	$	1,800	$	1,800
Senior long-term debt		25,824		2,439
Junior subordinated debentures		14,597		-
Other liabilities		248		276
Total Liabilities		42,469		4,515
Shareholders' Equity		118,224		139,583
Total Liabilities and Shareholders' Equity	$	160,693	$	144,098

Condensed Statements of Income

First Guaranty Bancshares, Inc.
Condensed Statements of Income
	December 31,
(in thousands)	2015			2014			2013
Operating Income
Dividends received from bank subsidiary	$	9,843		$	6,448		$	4,669
Net gains on securities		2,652			-			-
Other income		261			162			90
Total operating income		12,756			6,610			4,759
Operating Expenses
Interest expense		192			130			115
Salaries & Benefits		172			140			88
Other expenses		766			464			449
Total operating expenses		1,130			734			652
Income before income tax benefit and increase in equity in undistributed earnings of subsidiary		11,626			5,876			4,107
Income tax benefit (expense)		(605	)		229			212
Income before increase in equity in undistributed earnings of subsidiary		11,021			6,105			4,319
Increase in equity in undistributed earnings of subsidiary		3,484			5,119			4,827
Net Income		14,505			11,224			9,146
Less preferred stock dividends		(384	)		(394	)		(713	)
Net income available to common shareholders	$	14,121		$	10,830		$	8,433

Condensed Statements of Cash Flows

First Guaranty Bancshares, Inc.
Condensed Statements of Cash Flows
	December 31,
(in thousands)	2015			2014			2013
Cash flows from operating activities:
Net income	$	14,505		$	11,224		$	9,146
Adjustments to reconcile net income to net cash provided by operating activities:
Increase in equity in undistributed earnings of subsidiary	$	(3,484	)	$	(5,119	)		(4,827	)
Gain on sale of securities		(2,652	)		-			-
Net change in other liabilities		(28	)		55			2
Net change in other assets		396			(3,383	)		161
Net cash provided by operating activities		8,737			2,777			4,482
Cash flows from investing activities:
Proceeds from maturities, calls and sales of AFS securities		4,152			-			-
Funds Invested in AFS securities		(10	)		(5	)		-
Net cash provided by (used in) investing activities		4,142			(5	)		-
Cash flows from financing activities:
Proceeds from long-term debt, net of costs		24,969			2,555			-
Repayment of long-term debt		(1,584	)		(616	)		(600	)
Proceeds from junior subordinated debentures, net of costs		14,597			-			-
Issuance of common stock, net of costs		9,344			-			-
Redemption of preferred stock		(39,435	)		-			-
Dividends paid		(4,631	)		(4,421	)		(4,740	)
Net cash provided by (used in) financing activities		3,260			(2,482	)		(5,340	)
Net increase (decrease) in cash and cash equivalents		16,139			290			(858	)
Cash and cash equivalents at the beginning of the period		723			433			1,291
Cash and cash equivalents at the end of the period	$	16,862		$	723		$	433