v3.25.3
Other Real Estate (ORE)
9 Months Ended
Sep. 30, 2025
Real Estate [Abstract]  
Other Real Estate (ORE) Other Real Estate (ORE)
 
Other real estate owned consists of the following at the dates indicated: 

(in thousands)September 30, 2025December 31, 2024
Other Real Estate Owned:  
Residential$234 $226 
Construction & land development8,545 
Non-farm non-residential3,271 90 
Total Other Real Estate Owned12,050 319 
Allowance for Other Real Estate Owned losses— — 
Net Other Real Estate Owned $12,050 $319 

During the quarter ended September 30, 2025, First Guaranty transferred $4.4 million of existing bank owned properties previously used as either operating branches or future branch development to other real estate owned. The Bank plans to sell these properties.
Loans secured by one-to-four family residential properties in the process of foreclosure totaled $1.6 million as of September 30, 2025.