First Guaranty Bancshares (FGBI) 10-Q 10 May 24 2024 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2024	May 09, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
Document Transition Report	false
Entity File Number	001-37621
Entity Registrant Name	FIRST GUARANTY BANCSHARES, INC.
Entity Incorporation, State or Country Code	LA
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	(985)
Local Phone Number	345-7685
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		12,504,717
Entity Central Index Key	0001408534
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
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	Depository 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

CONSOLIDATED BALANCE SHEETS (un

CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Cash and cash equivalents:
Cash and due from banks	$ 331,592	$ 286,114
Federal funds sold	465	341
Cash and cash equivalents	332,057	286,455
Investment securities:
Available for sale, at fair value	37,752	83,485
Held to maturity, at cost and net of allowance for credit losses of $80 (estimated fair value of $251,627 and $253,584 respectively)	320,901	320,638
Investment securities	358,653	404,123
Federal Home Loan Bank stock, at cost	10,410	13,390
Loans held for sale	0	0
Loans, net of unearned income	2,752,230	2,748,708
Less: allowance for credit losses	31,450	30,926
Net loans	2,720,780	2,717,782
Premises and equipment, net	70,646	69,792
Goodwill	12,900	12,900
Intangible assets, net	4,088	4,298
Other real estate, net	1,284	1,250
Accrued interest receivable	17,339	15,713
Other assets	27,634	27,069
Total Assets	3,555,791	3,552,772
Deposits:
Noninterest-bearing demand	415,113	442,755
Interest-bearing demand	1,556,257	1,526,628
Savings	229,098	218,986
Time	863,408	820,725
Total deposits	3,063,876	3,009,094
Short-term advances from Federal Home Loan Bank	0	50,000
Short-term borrowings	0	10,000
Repurchase agreements	6,834	6,297
Accrued interest payable	10,182	11,807
Long-term advances from Federal Home Loan Bank	155,000	155,000
Senior long-term debt	18,102	39,099
Junior subordinated debentures	44,700	15,000
Other liabilities	6,777	6,844
Total Liabilities	3,305,471	3,303,141
Preferred stock, Series A - $1,000 par value - 100,000 shares authorized
Non-cumulative perpetual; 34,500 shares issued and outstanding	33,058	33,058
Common stock, $1 par value - 100,600,000 shares authorized; 12,504,717 and 12,475,424 shares issued and outstanding	12,505	12,475
Surplus	149,389	149,085
Retained earnings	67,699	67,972
Accumulated other comprehensive (loss) income	(12,331)	(12,959)
Total Shareholders' Equity	250,320	249,631
Total Liabilities and Shareholders' Equity	$ 3,555,791	$ 3,552,772

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Held to maturity, allowance for credit losses	$ 80	$ 80
Securities, held for maturity	$ 251,627	$ 253,584
Preferred stock, par value (in dollars per share)	$ 1,000	$ 1,000
Preferred stock, shares authorized (in shares)	100,000	100,000
Preferred stock, shares issued (in shares)	34,500	34,500
Preferred stock, shares outstanding (in shares)	34,500	34,500
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized (in shares)	100,600,000	100,600,000
Common stock, shares, issued (in shares)	12,504,717	12,504,717
Common stock, shares, outstanding (in shares)	12,475,424	12,475,424

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Interest Income:
Loans (including fees)	$ 46,918	$ 38,149
Deposits with other banks	3,476	751
Securities (including FHLB stock)	2,514	2,387
Total Interest Income	52,908	41,287
Interest Expense:
Demand deposits	16,976	13,049
Savings deposits	1,227	579
Time deposits	9,572	3,576
Borrowings	3,212	1,782
Total Interest Expense	30,987	18,986
Net Interest Income	21,921	22,301
Less: Provision for credit losses	2,304	314
Net Interest Income after Provision for Credit Losses	19,617	21,987
Noninterest Income:
Service charges, commissions and fees	733	785
ATM and debit card fees	764	825
Net gains on securities	0	0
Net gains on sale of loans	0	12
Other	811	1,082
Total Noninterest Income	2,308	2,704
Noninterest Expense:
Salaries and employee benefits	9,900	10,004
Occupancy and equipment expense	2,271	2,202
Other	6,763	7,960
Total Noninterest Expense	18,934	20,166
Income Before Income Taxes	2,991	4,525
Less: Provision for income taxes	681	1,057
Net Income	2,310	3,468
Less: Preferred stock dividends	582	582
Net Income Available to Common Shareholders	$ 1,728	$ 2,886
Per Common Share:
Earnings (in dollars per share)	$ 0.14	$ 0.27
Cash dividends paid (in dollars per share)	$ 0.16	$ 0.16
Weighted Average Common Shares Outstanding (in shares)	12,489,910	10,716,796

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net Income	$ 2,310	$ 3,468
Unrealized (losses) gains on securities:
Unrealized holding gains arising during the period	795	524
Reclassification adjustments for (gains) losses included in net income	0	0
Change in unrealized gains on securities	795	524
Tax impact	(167)	(110)
Other comprehensive income	628	414
Comprehensive Income	$ 2,938	$ 3,882

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (unaudited) - USD ($) $ in Thousands	Total	Cumulative effect of adoption of ASC Topic 326, net of tax	Preferred Stock $1,000 Par	Common Stock $1 Par	Surplus	Retained Earnings	Retained Earnings Cumulative effect of adoption of ASC Topic 326, net of tax	Accumulated Other Comprehensive Income/(Loss)
Accounting Standards Update [Extensible Enumeration]	Accounting Standards Update 2016-13 [Member]
Beginning balance at Dec. 31, 2022	$ 234,991	$ (7,900)	$ 33,058	$ 10,717	$ 130,093	$ 76,351	$ (7,900)	$ (15,228)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	3,468					3,468
Other comprehensive income (loss)	414							414
Preferred stock dividends	(582)					(582)
Cash dividends on common stock	(1,715)					(1,715)
Ending balance at Mar. 31, 2023	228,676		33,058	10,717	130,093	69,622		(14,814)
Beginning balance at Dec. 31, 2023	249,631		33,058	12,475	149,085	67,972		(12,959)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	2,310					2,310
Common Stock issued under Equity Bonus Plan, 29,293 shares	334			30	304
Other comprehensive income (loss)	628							628
Preferred stock dividends	(582)					(582)
Cash dividends on common stock	(2,001)					(2,001)
Ending balance at Mar. 31, 2024	$ 250,320		$ 33,058	$ 12,505	$ 149,389	$ 67,699		$ (12,331)

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (unaudited) (Parenthetical)	3 Months Ended
	Mar. 31, 2024 $ / shares shares
Statement of Stockholders' Equity [Abstract]
Preferred stock, par value (in dollars per share)	$ 1,000
Common stock, par value (in dollars per share)	$ 1
Common stock issued (in shares) | shares	29,293
Cash dividends paid (in dollars per share)	$ 0.16

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash Flows From Operating Activities
Net income	$ 2,310	$ 3,468
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	2,304	314
Depreciation and amortization	1,001	1,011
Amortization/Accretion of investments	127	267
(Gain) loss on sale/call of securities	0	0
(Gain) loss on sale of assets	(6)	(23)
Repossessed asset write downs, gains and losses on dispositions	101	0
FHLB stock dividends	(202)	(62)
Change in other assets and liabilities, net	(3,639)	(943)
Net Cash Provided By Operating Activities	1,996	4,032
Cash Flows From Investing Activities
Proceeds from maturities and calls of HTM securities	0	0
Proceeds from maturities, calls and sales of AFS securities	50,339	50,373
Funds invested in AFS securities	(4,200)	0
Funds invested in Federal Home Loan Bank stock	0	(358)
Proceeds from sale/redemption of Federal Home Loan Bank stock	3,182	2,425
Net increase in loans	(6,153)	(55,500)
Purchase of premises and equipment	(1,600)	(1,117)
Proceeds from sales of premises and equipment	6	11
Proceeds from sales of other real estate owned	269	0
Net Cash Provided by (Used In) Investing Activities	41,843	(4,166)
Cash Flows From Financing Activities
Net increase in deposits	54,782	138,796
Net (decrease) increase in federal funds purchased and short-term borrowings	(59,463)	(69,836)
Proceeds from long-term borrowings	0	20,000
Repayment of long-term borrowings	(21,007)	(813)
Proceeds from subordinated debentures	29,700	0
Proceeds from issuance of common stock	334	0
Dividends paid on preferred stock	(582)	(582)
Dividends paid on common stock	(2,001)	(1,715)
Net Cash Provided By Financing Activities	1,763	85,850
Net Increase (Decrease) In Cash and Cash Equivalents	45,602	85,716
Cash and Cash Equivalents at the Beginning of the Period	286,455	83,219
Cash and Cash Equivalents at the End of the Period	332,057	168,935
Noncash Activities:
Acquisition of real estate in settlement of loans	149	774
Transfer of securities from AFS to HTM	0	0
Cash Paid During The Period:
Interest on deposits and borrowed funds	32,612	18,667
Federal
Cash Paid During The Period:
Income taxes paid	0	0
State
Cash Paid During The Period:
Income taxes paid	$ 0	$ 0

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles. The consolidated financial statements and the footnotes of First Guaranty Bancshares, Inc. ("First Guaranty") thereto should be read in conjunction with the audited consolidated financial statements and note disclosures for First Guaranty previously filed with the Securities and Exchange Commission in First Guaranty's Annual Report on Form 10-K for the year ended December 31, 2023. The consolidated financial statements include the accounts of First Guaranty Bancshares, Inc. and its wholly owned subsidiary First Guaranty Bank (the "Bank"). All significant intercompany balances and transactions have been eliminated in consolidation. In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments necessary for a fair presentation of the consolidated financial statements. Those adjustments are of a normal recurring nature. The results of operations at March 31, 2024 and for the three month periods ended March 31, 2024 and 2023 are not necessarily indicative of the results expected for the full year or any other interim period. The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near-term relate to the determination of the allowance for credit losses, the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans, and the valuation of investment securities.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2024
Accounting Standards Update and Change in Accounting Principle [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements Accounting Standards Adopted in 2024 None. Accounting Pronouncements Not Yet Adopted ASU No. 2023-09, "Improvements to Tax Disclosures" ("ASU 2023-09") is intended to enhance the transparency and decision usefulness of income tax disclosures primarily through changes to the rate reconciliation and income taxes paid information. This update is effective for annual periods beginning after December 15, 2024, though early adoption is permitted. We do not expect it to have a material effect on First Guaranty's consolidated financial statements.

Securities

Securities	3 Months Ended
	Mar. 31, 2024
Investments, Debt and Equity Securities [Abstract]
Securities	Securities A summary comparison of securities by type at March 31, 2024 and December 31, 2023 is shown below. March 31, 2024 December 31, 2023 (in thousands) Amortized Cost Gross Gross Fair Value Amortized Cost Gross Unrealized Gains Gross Fair Value Available for sale: U.S. Treasuries $ — $ — $ — $ — $ 50,048 $ — $ (218) $ 49,830 U.S. Government Agencies — — — — — — — — Corporate debt securities 16,750 — (1,157) 15,593 16,750 3 (1,279) 15,474 Municipal bonds 17,405 215 (382) 17,238 13,522 31 (372) 13,181 Mortgage-backed securities 5,121 — (200) 4,921 5,144 — (144) 5,000 Total available for sale securities $ 39,276 $ 215 $ (1,739) $ 37,752 $ 85,464 $ 34 $ (2,013) $ 83,485 Held to maturity: U.S. Government Agencies $ 266,113 $ — $ (63,262) $ 202,851 $ 265,896 $ — $ (61,532) $ 204,364 Corporate debt securities 54,868 — (6,092) 48,776 54,822 — (5,602) 49,220 Total held to maturity securities $ 320,981 $ — $ (69,354) $ 251,627 $ 320,718 $ — $ (67,134) $ 253,584 The scheduled maturities of securities at March 31, 2024, by contractual maturity, are shown below. Actual maturities may differ from contractual maturities due to calls or prepayments. Mortgage-backed securities are not due at a single maturity because of amortization and potential prepayment of the underlying mortgages. For this reason, they are presented separately in the maturity table below: At March 31, 2024 (in thousands) Amortized Cost Fair Value Available for sale: Due in one year or less $ 773 $ 770 Due after one year through five years 4,455 4,458 Due after five years through 10 years 21,918 20,887 Over 10 years 7,009 6,716 Subtotal 34,155 32,831 Mortgage-backed securities 5,121 4,921 Total available for sale securities $ 39,276 $ 37,752 Held to maturity: Due in one year or less $ — $ — Due after one year through five years 3,074 2,792 Due after five years through 10 years 114,616 98,521 Over 10 years 203,291 150,314 Total held to maturity securities $ 320,981 $ 251,627 At March 31, 2024, $167.9 million of First Guaranty's securities were pledged to secure public funds deposits and borrowings. The pledged securities had a market value of $129.1 million as of March 31, 2024. Accrued interest receivable on First Guaranty's investment securities was $2.5 million and $1.8 million at March 31, 2024 and December 31, 2023, respectively, and was included in accrued interest receivable on the consolidated balance sheet. First Guaranty had a $0.1 million allowance for credit losses related to the held to maturity portfolio at March 31, 2024 and December 31, 2023. The following is a summary of the fair value of securities with gross unrealized losses and an aging of those gross unrealized losses at March 31, 2024. At March 31, 2024 Less Than 12 Months 12 Months or More Total (in thousands) Number Fair Value Gross Number Fair Value Gross Number Fair Value Gross Available for sale: U.S. Treasuries — $ — $ — — $ — $ — — $ — $ — Corporate debt securities 1 985 (15) 15 14,608 (1,142) 16 15,593 (1,157) Municipal bonds 4 1,142 (9) 38 5,677 (373) 42 6,819 (382) Mortgage-backed securities 2 2,587 (31) 5 2,333 (169) 7 4,920 (200) Total available for sale securities 7 $ 4,714 $ (55) 58 $ 22,618 $ (1,684) 65 $ 27,332 $ (1,739) Held to maturity: U.S. Government Agencies — $ — $ — 29 $ 202,851 $ (63,262) 29 $ 202,851 $ (63,262) Corporate debt securities — — — 57 48,776 (6,092) 57 48,776 (6,092) Total held to maturity securities — $ — $ — 86 $ 251,627 $ (69,354) 86 $ 251,627 $ (69,354) The following is a summary of the fair value of securities with gross unrealized losses and an aging of those gross unrealized losses at December 31, 2023. At December 31, 2023 Less Than 12 Months 12 Months or More Total (in thousands) Number Fair Value Gross Number Fair Value Gross Number Fair Value Gross Available for sale: U.S. Treasuries — $ — $ — 3 $ 49,830 $ (218) 3 $ 49,830 $ (218) U.S. Government Agencies — — — — — — — — — Corporate debt securities — — — 15 14,471 (1,279) 15 14,471 (1,279) Municipal bonds 12 3,417 (6) 41 5,895 (366) 53 9,312 (372) Mortgage-backed securities 2 2,606 (21) 5 2,394 (123) 7 5,000 (144) Total available for sale securities 14 $ 6,023 $ (27) 64 $ 72,590 $ (1,986) 78 $ 78,613 $ (2,013) Held to maturity: U.S. Government Agencies — $ — $ — 29 $ 204,364 $ (61,532) 29 $ 204,364 $ (61,532) Corporate debt securities — — — 57 49,220 (5,602) 57 49,220 (5,602) Total held to maturity securities — $ — $ — 86 $ 253,584 $ (67,134) 86 $ 253,584 $ (67,134) As of March 31, 2024, 151 of First Guaranty's debt securities had unrealized losses totaling 20.3% of the individual securities' amortized cost basis and 19.7% of First Guaranty's total amortized cost basis of the investment securities portfolio. 144 of the 151 securities had been in a continuous loss position for over 12 months at such date. The 144 securities had an aggregate amortized cost basis of $345.3 million and an unrealized loss of $71.0 million at March 31, 2024. Management has the intent and ability to hold these debt securities until maturity or until anticipated recovery. Securities are evaluated for impairment from credit losses at least quarterly and more frequently when economic or market conditions warrant such evaluation. Consideration is given to (i) the extent to which the fair value has been less than cost, (ii) the financial condition and near-term prospects of the issuer, (iii) the recovery of contractual principal and interest and (iv) the intent and ability of First Guaranty to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. Investment securities issued by the U.S. Government and Government sponsored enterprises with unrealized losses and the amount of unrealized losses on those investment securities that are the result of changes in market interest rates will not be credit impaired. First Guaranty has the ability and intent to hold these securities until recovery, which may not be until maturity. Corporate debt securities in a loss position consist primarily of corporate bonds issued by businesses in the financial, insurance, utility, manufacturing, industrial, consumer products and oil and gas industries. There was one held to maturity corporate security with a credit related impairment loss at March 31, 2024. First Guaranty believes that the remaining issuers will be able to fulfill the obligations of these securities based on evaluations described above. First Guaranty has the ability and intent to hold these securities until they recover, which could be at their maturity dates. There were no charge-offs recognized securities during the three months ended March 31, 2024. There were no provisions for credit losses recognized on securities during the three months ended March 31, 2024. For securities that have indications of credit related impairment, management analyzes future expected cash flows to determine if any credit related impairment is evident. Estimated cash flows are determined using management's best estimate of future cash flows based on specific assumptions. The assumptions used to determine the cash flows were based on estimates of loss severity and credit default probabilities. Management reviews reports from credit rating agencies and public filings of issuers. At March 31, 2024, First Guaranty's exposure to bond issuers that exceeded 10% of shareholders' equity is below: At March 31, 2024 (in thousands) Amortized Cost Fair Value U.S. Government Treasuries (U.S.) $ — $ — Federal Home Loan Bank (FHLB) 32,222 25,894 Federal Home Loan Mortgage Corporation (Freddie Mac-FHLMC) 97,538 69,528 Federal Farm Credit Bank (FFCB) 138,853 109,762 Total $ 268,613 $ 205,184

Loans

Loans	3 Months Ended
	Mar. 31, 2024
Receivables [Abstract]
Loans	Loans The following table summarizes the components of First Guaranty's loan portfolio as of March 31, 2024 and December 31, 2023: March 31, 2024 December 31, 2023 (in thousands except for %) Balance As % of Category Balance As % of Category Real Estate: Construction & land development $ 328,090 11.9 % $ 399,435 14.5 % Farmland 37,534 1.3 % 32,530 1.2 % 1- 4 Family 456,659 16.5 % 444,850 16.1 % Multifamily 165,148 6.0 % 118,921 4.3 % Non-farm non-residential 1,133,516 41.1 % 1,045,865 37.9 % Total Real Estate 2,120,947 76.8 % 2,041,601 74.0 % Non-Real Estate: Agricultural 43,422 1.6 % 41,008 1.5 % Commercial and industrial (1) 293,292 10.6 % 334,972 12.1 % Commercial leases 253,016 9.2 % 285,415 10.4 % Consumer and other 49,458 1.8 % 54,485 2.0 % Total Non-Real Estate 639,188 23.2 % 715,880 26.0 % Total Loans Before Unearned Income 2,760,135 100.0 % 2,757,481 100.0 % Unearned income (7,905) (8,773) Total Loans Net of Unearned Income $ 2,752,230 $ 2,748,708 (1) Includes PPP loans fully guaranteed by the SBA of $2.6 million and $2.8 million at March 31, 2024 and December 31, 2023, respectively. Accrued interest receivable on First Guaranty's loans totaled $14.8 million and $13.9 million at March 31, 2024 and December 31, 2023, respectively, and is included in accrued interest receivable on the consolidated balance sheet. Accrued interest receivable is excluded from First Guaranty's estimate of the allowance for credit losses. The following table summarizes fixed and floating rate loans by contractual maturity, excluding nonaccrual loans, as of March 31, 2024 and December 31, 2023 unadjusted for scheduled principal payments, prepayments, or repricing opportunities. The average life of the loan portfolio may be substantially less than the contractual terms when these adjustments are considered. March 31, 2024 December 31, 2023 (in thousands) Fixed Floating Total Fixed Floating Total One year or less $ 271,330 $ 122,431 $ 393,761 $ 268,864 $ 88,884 $ 357,748 More than one to five years 715,494 323,717 1,039,211 782,754 357,981 1,140,735 More than five to 15 years 81,780 277,294 359,074 88,490 269,918 358,408 Over 15 years 349,617 589,866 939,483 334,337 541,066 875,403 Subtotal $ 1,418,221 $ 1,313,308 2,731,529 $ 1,474,445 $ 1,257,849 2,732,294 Nonaccrual loans 28,606 25,187 Total Loans Before Unearned Income 2,760,135 2,757,481 Unearned income (7,905) (8,773) Total Loans Net of Unearned Income $ 2,752,230 $ 2,748,708 Included in floating rate loans are loans that adjust to a floating rate following an initial fixed rate period. The initial fixed rate periods are typically one three The following tables present the age analysis of past due loans at March 31, 2024 and December 31, 2023: As of March 31, 2024 (in thousands) 30-89 Days Past Due 90 Days or Greater Total Past Due Current Total Loans Recorded Investment Real Estate: Construction & land development $ 1,675 $ 598 $ 2,273 $ 325,817 $ 328,090 $ — Farmland 88 903 991 36,543 37,534 — 1- 4 family 5,121 8,157 13,278 443,381 456,659 — Multifamily — 537 537 164,611 165,148 — Non-farm non-residential 3,500 24,333 27,833 1,105,683 1,133,516 14,600 Total Real Estate 10,384 34,528 44,912 2,076,035 2,120,947 14,600 Non-Real Estate: Agricultural 234 1,716 1,950 41,472 43,422 58 Commercial and industrial 5,307 4,691 9,998 283,294 293,292 — Commercial leases 1,833 1,799 3,632 249,384 253,016 — Consumer and other 817 530 1,347 48,111 49,458 — Total Non-Real Estate 8,191 8,736 16,927 622,261 639,188 58 Total Loans Before Unearned Income $ 18,575 $ 43,264 $ 61,839 $ 2,698,296 $ 2,760,135 $ 14,658 Unearned income (7,905) Total Loans Net of Unearned Income $ 2,752,230 As of December 31, 2023 (in thousands) 30-89 Days Past Due 90 Days or Greater Total Past Due Current Total Loans Recorded Investment Real Estate: Construction & land development $ 1,281 $ 530 $ 1,811 $ 397,624 $ 399,435 $ — Farmland 97 836 933 31,597 32,530 — 1- 4 family 3,929 7,109 11,038 433,812 444,850 124 Multifamily 824 537 1,361 117,560 118,921 — Non-farm non-residential 1,020 24,451 25,471 1,020,394 1,045,865 14,711 Total Real Estate 7,151 33,463 40,614 2,000,987 2,041,601 14,835 Non-Real Estate: Agricultural 240 1,426 1,666 39,342 41,008 57 Commercial and industrial 2,483 1,976 4,459 330,513 334,972 395 Commercial leases — 1,799 1,799 283,616 285,415 — Consumer and other 1,037 1,810 2,847 51,638 54,485 — Total Non-Real Estate 3,760 7,011 10,771 705,109 715,880 452 Total Loans Before Unearned Income $ 10,911 $ 40,474 $ 51,385 $ 2,706,096 $ 2,757,481 $ 15,287 Unearned income (8,773) Total Loans Net of Unearned Income $ 2,748,708 The tables above include $28.6 million and $25.2 million of nonaccrual loans at March 31, 2024 and December 31, 2023, respectively. See the tables below for more detail on nonaccrual loans. The following is a summary of nonaccrual loans by class at the dates indicated: As of March 31, 2024 (in thousands) With Related Allowance Without Related Allowance Total Real Estate: Construction & land development $ 598 $ — $ 598 Farmland 502 401 903 1- 4 family 7,051 1,106 8,157 Multifamily — 537 537 Non-farm non-residential 8,857 876 9,733 Total Real Estate 17,008 2,920 19,928 Non-Real Estate: Agricultural 1,327 331 1,658 Commercial and industrial 4,691 — 4,691 Commercial leases — 1,799 1,799 Consumer and other 530 — 530 Total Non-Real Estate 6,548 2,130 8,678 Total Nonaccrual Loans $ 23,556 $ 5,050 $ 28,606 As of December 31, 2023 (in thousands) With Related Allowance Without Related Allowance Total Real Estate: Construction & land development $ 530 $ — $ 530 Farmland 511 325 836 1- 4 family 5,417 1,568 6,985 Multifamily — 537 537 Non-farm non-residential 8,730 1,010 9,740 Total Real Estate 15,188 3,440 18,628 Non-Real Estate: Agricultural 399 970 1,369 Commercial and industrial 1,581 — 1,581 Commercial leases — 1,799 1,799 Consumer and other 1,810 — 1,810 Total Non-Real Estate 3,790 2,769 6,559 Total Nonaccrual Loans $ 18,978 $ 6,209 $ 25,187 The following table presents First Guaranty's loan portfolio by credit quality classification and origination year as of the date indicated: As of March 31, 2024 Term Loans by Origination Year (in thousands) 2024 2023 2022 2021 2020 Prior Revolving Loans Total Real Estate: Construction & land development: Pass $ 21,005 $ 141,694 $ 115,445 $ 17,090 $ 2,256 6,924 $ 17,708 $ 322,122 Special Mention — 571 1,115 167 83 1,268 — 3,204 Substandard — — 649 454 263 1,267 — 2,633 Doubtful — — 39 91 — 1 — 131 Total Construction & land development 21,005 142,265 117,248 17,802 2,602 9,460 17,708 328,090 Current period gross charge-offs — — — — — — — — Farmland Pass 247 12,615 4,018 3,316 1,727 3,690 3,307 28,920 Special Mention — — 225 — 1,780 469 — 2,474 Substandard — — 214 2,702 2,534 645 — 6,095 Doubtful — — — — — — 45 45 Total Farmland 247 12,615 4,457 6,018 6,041 4,804 3,352 37,534 Current period gross charge-offs — — — — — — — — 1- 4 family Pass 15,239 112,290 111,489 69,718 40,707 65,440 17,704 432,587 Special Mention — 1,536 2,054 448 1,102 1,913 432 7,485 Substandard — 75 2,480 5,636 1,598 5,132 1,148 16,069 Doubtful — — 122 — — 324 72 518 Total 1- 4 family 15,239 113,901 116,145 75,802 43,407 72,809 19,356 456,659 Current period gross charge-offs — — — — — 41 — 41 Multifamily Pass 450 8,363 85,006 45,822 14,993 1,505 5,854 161,993 Special Mention — — — — — 2,595 23 2,618 Substandard — — — — — 537 — 537 Doubtful — — — — — — — — Total Multifamily 450 8,363 85,006 45,822 14,993 4,637 5,877 165,148 Current period gross charge-offs — — — — — — — — Non-farm non-residential Pass 24,449 178,389 272,000 133,283 87,002 327,818 37,365 1,060,306 Special Mention 2,219 2,025 363 131 391 16,911 1,040 23,080 Substandard — 246 19,210 19,366 — 6,039 5,203 50,064 Doubtful — — — — 66 — — 66 Total non-farm non-residential 26,668 180,660 291,573 152,780 87,459 350,768 43,608 1,133,516 Current period gross charge-offs — — — — — — — — Total Real Estate 63,609 457,804 614,429 298,224 154,502 442,478 89,901 2,120,947 Non-Real Estate: Agricultural Pass 1,118 2,758 10,202 3,067 1,303 3,572 18,034 40,054 Special Mention — 28 33 — 156 — 66 283 Substandard — — — 692 197 2,104 57 3,050 Doubtful — — — — — 35 — 35 Total Agricultural 1,118 2,786 10,235 3,759 1,656 5,711 18,157 43,422 Current period gross charge-offs — — — 33 — — — 33 Commercial and industrial Pass 2,615 33,965 18,801 45,407 44,138 30,617 106,316 281,859 Special Mention — 95 46 4,444 117 62 602 5,366 Substandard — 45 336 195 497 4,722 105 5,900 Doubtful — — — — — 167 — 167 Total Commercial and industrial 2,615 34,105 19,183 50,046 44,752 35,568 107,023 293,292 Current period gross charge-offs — 220 124 75 182 26 — 627 Commercial leases Pass 5,575 63,385 112,573 61,468 5,440 944 — 249,385 Special Mention — — — — — — — — Substandard — — 3,631 — — — — 3,631 Doubtful — — — — — — — — Total Commercial leases 5,575 63,385 116,204 61,468 5,440 944 — 253,016 Current period gross charge-offs — — — — — — — — Consumer and other loans Pass 2,852 19,403 7,387 5,541 5,698 6,894 — 47,775 Special Mention — 31 104 185 65 27 — 412 Substandard — 132 581 352 88 103 — 1,256 Doubtful — — — — — 15 — 15 Total Consumer and other loans 2,852 19,566 8,072 6,078 5,851 7,039 — 49,458 Current period gross charge-offs 65 346 534 377 201 61 — 1,584 Total Non-Real Estate 12,160 119,842 153,694 121,351 57,699 49,262 125,180 639,188 Total Loans Pass 73,550 572,862 736,921 384,712 203,264 447,404 206,288 2,625,001 Special Mention 2,219 4,286 3,940 5,375 3,694 23,245 2,163 44,922 Substandard — 498 27,101 29,397 5,177 20,549 6,513 89,235 Doubtful — — 161 91 66 542 117 977 Total Loans Before Unearned Income $ 75,769 $ 577,646 $ 768,123 $ 419,575 $ 212,201 $ 491,740 $ 215,081 $ 2,760,135 Unearned income (7,905) Total Loans Net of Unearned Income $ 2,752,230 Total Current Period Gross Charge-offs $ 65 $ 566 $ 658 $ 485 $ 383 $ 128 $ — $ 2,285 As of December 31, 2023 Term Loans by Origination Year (in thousands) 2023 2022 2021 2020 2019 Prior Revolving Loans Total Real Estate: Construction & land development: Pass $ 134,527 $ 140,068 $ 75,884 $ 3,369 $ 8,533 11,940 $ 18,907 $ 393,228 Special Mention 789 1,579 170 — 90 250 — 2,878 Substandard — 716 458 263 94 1,668 — 3,199 Doubtful — 39 91 — — — — 130 Total Construction & land development 135,316 142,402 76,603 3,632 8,717 13,858 18,907 399,435 Current period gross charge-offs — — — — — — — — Farmland Pass 9,513 4,032 3,340 1,768 253 2,730 2,162 23,798 Special Mention — 194 — 514 — 359 — 1,067 Substandard — 251 1,369 3,877 115 653 1,355 7,620 Doubtful — — — — — — 45 45 Total Farmland 9,513 4,477 4,709 6,159 368 3,742 3,562 32,530 Current period gross charge-offs — — — — — — — — 1- 4 family Pass 112,636 110,978 70,599 41,766 19,542 47,374 17,215 420,110 Special Mention 1,307 2,505 749 1,544 775 997 667 8,544 Substandard 48 2,625 5,368 1,357 1,956 3,086 773 15,213 Doubtful — 122 391 — 239 159 72 983 Total 1- 4 family 113,991 116,230 77,107 44,667 22,512 51,616 18,727 444,850 Current period gross charge-offs — — — — — 964 — 964 Multifamily Pass 9,945 76,217 6,121 15,131 1,877 2,311 5,110 116,712 Special Mention — — — — — 1,648 24 1,672 Substandard — — — — — 537 — 537 Doubtful — — — — — — — — Total Multifamily 9,945 76,217 6,121 15,131 1,877 4,496 5,134 118,921 Current period gross charge-offs — — — — — — — — Non-farm non-residential Pass 162,234 247,182 111,054 88,039 73,797 256,032 33,907 972,245 Special Mention 708 369 1,014 388 15,846 5,191 1,525 25,041 Substandard 247 18,930 18,488 — — 6,125 4,723 48,513 Doubtful — — — 66 — — — 66 Total non-farm non-residential 163,189 266,481 130,556 88,493 89,643 267,348 40,155 1,045,865 Current period gross charge-offs — — — 138 — — — 138 Total Real Estate 431,954 605,807 295,096 158,082 123,117 341,060 86,485 2,041,601 Non-Real Estate: Agricultural Pass 2,555 10,406 3,142 1,336 1,532 2,378 16,259 37,608 Special Mention — 104 — 81 — — 25 210 Substandard — — 692 279 20 2,100 57 3,148 Doubtful — — — — — 42 — 42 Total Agricultural 2,555 10,510 3,834 1,696 1,552 4,520 16,341 41,008 Current period gross charge-offs — — — — — — — — Commercial and industrial Pass 41,105 27,800 48,097 53,585 5,613 27,634 119,886 323,720 Special Mention 63 37 4,382 146 — 53 598 5,279 Substandard 45 283 178 602 27 4,531 145 5,811 Doubtful — — — — — 162 — 162 Total Commercial and industrial 41,213 28,120 52,657 54,333 5,640 32,380 120,629 334,972 Current period gross charge-offs 29 791 133 532 — 209 — 1,694 Commercial leases Pass 74,456 117,566 67,615 6,087 4,428 — — 270,152 Special Mention — 11,867 1,597 — — — — 13,464 Substandard — 1,799 — — — — — 1,799 Doubtful — — — — — — — — Total Commercial leases 74,456 131,232 69,212 6,087 4,428 — — 285,415 Current period gross charge-offs — — — — — — — — Consumer and other loans Pass 21,257 8,770 6,463 6,164 650 7,887 150 51,341 Special Mention 36 151 255 87 15 19 — 563 Substandard 164 1,077 790 265 86 68 — 2,450 Doubtful — — 34 79 2 16 — 131 Total Consumer and other loans 21,457 9,998 7,542 6,595 753 7,990 150 54,485 Current period gross charge-offs 598 1,126 820 359 28 44 — 2,975 Total Non-Real Estate 139,681 179,860 133,245 68,711 12,373 44,890 137,120 715,880 Total Loans Pass 568,228 743,019 392,315 217,245 116,225 358,286 213,596 2,608,914 Special Mention 2,903 16,806 8,167 2,760 16,726 8,517 2,839 58,718 Substandard 504 25,681 27,343 6,643 2,298 18,768 7,053 88,290 Doubtful — 161 516 145 241 379 117 1,559 Total Loans Before Unearned Income $ 571,635 $ 785,667 $ 428,341 $ 226,793 $ 135,490 $ 385,950 $ 223,605 $ 2,757,481 Unearned income (8,773) Total Loans Net of Unearned Income $ 2,748,708 Total Current Period Gross Charge-offs $ 627 $ 1,917 $ 953 $ 1,029 $ 28 $ 1,217 $ — $ 5,771

Allowance for Credit Losses on

Allowance for Credit Losses on Loans	3 Months Ended
	Mar. 31, 2024
Receivables [Abstract]
Allowance for Credit Losses on Loans	Allowance for Credit Losses on Loans A summary of changes in the allowance for credit losses, by portfolio type, for the three months ended March 31, 2024 and 2023 are as follows: For the Three Months Ended March 31, 2024 (in thousands) Beginning Allowance (12/31/2023) Charge-offs Recoveries Provision Ending Allowance (3/31/2024) Real Estate: Construction & land development $ 5,845 $ — $ 1 $ (1,016) $ 4,830 Farmland 36 — — 27 63 1- 4 family 6,653 (41) 3 (20) 6,595 Multifamily 1,614 — — 163 1,777 Non-farm non-residential 10,596 — 8 712 11,316 Total Real Estate 24,744 (41) 12 (134) 24,581 Non-Real Estate: Agricultural 97 (33) 10 46 120 Commercial and industrial 2,711 (627) 115 1,684 3,883 Commercial leases 1,948 — — (564) 1,384 Consumer and other 1,426 (1,584) 118 1,522 1,482 Unallocated — — — — — Total Non-Real Estate 6,182 (2,244) 243 2,688 6,869 Total $ 30,926 $ (2,285) $ 255 $ 2,554 $ 31,450 For the Three Months Ended March 31, 2023 (in thousands) Beginning Allowance (12/31/2022) ASC 326 Adoption Day 1 Adjustment Charge-offs Recoveries Provision Ending Allowance (3/31/2023) Real Estate: Construction & land development $ 1,232 $ 1,891 $ — $ — $ 779 $ 3,902 Farmland 83 (39) — — (6) 38 1- 4 family 1,761 3,465 (33) 3 253 5,449 Multifamily 746 1,418 — — 194 2,358 Non-farm non-residential 9,280 307 (138) 34 561 10,044 Total Real Estate 13,102 7,042 (171) 37 1,781 21,791 Non-Real Estate: Agricultural 240 (98) — 167 (166) 143 Commercial and industrial 2,194 2,971 (44) 154 (1,021) 4,254 Commercial leases 4,879 (162) — — (2,280) 2,437 Consumer and other 2,506 (1,042) (758) 131 860 1,697 Unallocated 597 (591) — — 1,140 1,146 Total Non-Real Estate 10,416 1,078 (802) 452 (1,467) 9,677 Total $ 23,518 $ 8,120 $ (973) $ 489 $ 314 $ 31,468 Negative provisions are caused by changes in the composition and credit quality of the loan portfolio and by recoveries. The result is an allocation of the credit loss reserve from one category to another. A summary of the allowance along with loans and leases individually and collectively evaluated are as follows: As of March 31, 2024 (in thousands) Allowance Allowance Total Allowance Loans Loans Total Loans Real Estate: Construction & land development $ — $ 4,830 $ 4,830 $ 1,267 $ 326,823 $ 328,090 Farmland — 63 63 5,638 31,896 37,534 1- 4 family 471 6,124 6,595 4,316 452,343 456,659 Multifamily — 1,777 1,777 537 164,611 165,148 Non-farm non-residential 3,362 7,954 11,316 46,235 1,087,281 1,133,516 Total Real Estate 3,833 20,748 24,581 57,993 2,062,954 2,120,947 Non-Real Estate: Agricultural 15 105 120 1,466 41,956 43,422 Commercial and industrial 2,483 1,400 3,883 3,717 289,575 293,292 Commercial leases — 1,384 1,384 3,631 249,385 253,016 Consumer and other — 1,482 1,482 — 49,458 49,458 Unallocated — — — — — — Total Non-Real Estate 2,498 4,371 6,869 8,814 630,374 639,188 Total $ 6,331 $ 25,119 $ 31,450 $ 66,807 $ 2,693,328 2,760,135 Unearned Income (7,905) Total Loans Net of Unearned Income $ 2,752,230 All loans individually evaluated for impairment as of March 31, 2024 were considered collateral dependent loans. As of December 31, 2023 (in thousands) Allowance Allowance Total Allowance Loans Loans Total Loans Real Estate: Construction & land development $ — $ 5,845 $ 5,845 $ 1,389 $ 398,046 $ 399,435 Farmland — 36 36 5,670 26,860 32,530 1- 4 family 316 6,337 6,653 5,066 439,784 444,850 Multifamily — 1,614 1,614 537 118,384 118,921 Non-farm non-residential 3,047 7,549 10,596 46,571 999,294 1,045,865 Total Real Estate 3,363 21,381 24,744 59,233 1,982,368 2,041,601 Non-Real Estate: Agricultural 1 96 97 1,466 39,542 41,008 Commercial and industrial 758 1,953 2,711 4,464 330,508 334,972 Commercial leases — 1,948 1,948 1,799 283,616 285,415 Consumer and other — 1,426 1,426 — 54,485 54,485 Unallocated — — — — — — Total Non-Real Estate 759 5,423 6,182 7,729 708,151 715,880 Total $ 4,122 $ 26,804 $ 30,926 $ 66,962 $ 2,690,519 2,757,481 Unearned Income (8,773) Total loans net of unearned income $ 2,748,708 All loans individually evaluated for impairment as of December 31, 2023 were considered collateral dependent loans.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	3 Months Ended
	Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Goodwill and intangible assets deemed to have indefinite lives are no longer amortized but are subject to impairment testing. Other intangible assets continue to be amortized over their useful lives. First Guaranty's goodwill is the difference in purchase price over the fair value of net assets acquired from its acquisition of Homestead Bancorp in 2007, Premier Bancshares, Inc. in 2017 and Union Bancshares, Incorporated in 2019. Goodwill totaled $12.9 million at March 31, 2024 and December 31, 2023. No impairment charges have been recognized on First Guaranty's intangible assets since acquisition. Loan servicing assets totaled $0.5 million at March 31, 2024 and December 31, 2023. Other intangible assets recorded include core deposit intangibles, which are subject to amortization. The weighted-average amortization period remaining for First Guaranty's core deposit intangibles is 5 years at March 31, 2024. The core deposits intangible reflect the value of deposit relationships, including the beneficial rates, which arose from acquisitions.

Other Real Estate (ORE)

Other Real Estate (ORE)	3 Months Ended
	Mar. 31, 2024
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) March 31, 2024 December 31, 2023 Real Estate Owned Acquired by Foreclosure: Residential $ 312 $ 309 Construction & land development 282 251 Non-farm non-residential 690 690 Total Other Real Estate Owned and Foreclosed Property 1,284 1,250 Allowance for Other Real Estate Owned losses — — Net Other Real Estate Owned and Foreclosed Property $ 1,284 $ 1,250

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Off-balance sheet commitments First Guaranty is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers and to reduce its own exposure to fluctuations in interest rates. These financial instruments include commitments to extend credit and standby and commercial letters of credit. Those instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the consolidated balance sheets. The contract or notional amounts of those instruments reflect the extent of the involvement in particular classes of financial instruments. The exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit and standby and commercial letters of credit is represented by the contractual notional amount of those instruments. The same credit policies are used in making commitments and conditional obligations as it does for balance sheet instruments. Unless otherwise noted, collateral or other security is not required to support financial instruments with credit risk. Below is a summary of the notional amounts of the financial instruments with off-balance sheet risk at March 31, 2024 and December 31, 2023: Contract Amount (in thousands) March 31, 2024 December 31, 2023 Commitments to Extend Credit $ 257,034 $ 304,218 Unfunded Commitments under lines of credit $ 203,631 $ 214,546 Commercial and Standby letters of credit $ 14,544 $ 13,971 Allowance For Credit Losses - Off- Balance-Sheet Credit Exposures The provision for credit losses on unfunded commitments was a reversal of $0.3 million for the three months ended March 31, 2024. The ACL on off-balance-sheet credit exposures total $2.6 million at March 31, 2024 and $2.8 million at December 31, 2023 and is included in other liabilities on the accompanying consolidated balance sheets. Litigation First Guaranty is subject to various legal proceedings in the normal course of its business. First Guaranty assesses its liabilities and contingencies in connection with outstanding legal proceedings. Where it is probable that First Guaranty will incur a loss and the amount of the loss can be reasonably estimated, First Guaranty records a liability in its consolidated financial statements. First Guaranty does not record a loss if the loss is not probable or the amount of the loss is not estimable. First Guaranty Bank is a defendant in a lawsuit alleging fault for a loss of funds by a customer related to fraud by a third party with a possible loss range of $0.0 million to $1.5 million. The Bank denies the allegations and intends to vigorously defend against this lawsuit, which is in early stages and no trial date has been set. No accrued liability has been recorded related to this lawsuit. First Guaranty settled a case in the third quarter of 2021 for $1.1 million. A receivable for $0.9 million has been recorded for recovery by a claim against First Guaranty's insurer. In the opinion of management, neither First Guaranty nor First Guaranty Bank is currently involved in such legal proceedings, either individually or in the aggregate, that the resolution is expected to have a material adverse effect on First Guaranty’s consolidated results of operations, financial condition, or cash flows. However, one or more unfavorable outcomes in these ordinary claims or litigation against First Guaranty or First Guaranty Bank could have a material adverse effect for the period in which they are resolved. In addition, regardless of their merits or ultimate outcomes, such matters are costly, divert management’s attention, and may materially and adversely affect the reputation of First Guaranty and First Guaranty Bank, even if resolved favorably.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The fair value of a financial instrument is the current amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. A fair value measurement assumes that the transaction to sell the asset or transfer the liability occurs in the principal market for the asset or liability or, in the absence of a principal market, the most advantageous market for the asset or liability. Valuation techniques use certain inputs to arrive at fair value. Inputs to valuation techniques are the assumptions that market participants would use in pricing the asset or liability. They may be observable or unobservable. First Guaranty uses a fair value hierarchy for valuation inputs that gives the highest priority to quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The fair value hierarchy is as follows: Level 1 Inputs – Unadjusted quoted market prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. Level 2 Inputs – Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These might include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (such as interest rates, volatilities, prepayment speeds or credit risks) or inputs that are derived principally from or corroborated by market data by correlation or other means. Level 3 Inputs – Unobservable inputs for determining the fair values of assets or liabilities that reflect an entity's own assumptions about the assumptions that market participants would use in pricing the assets or liabilities. A description of the valuation methodologies used for instruments measured at fair value follows, as well as the classification of such instruments within the valuation hierarchy. Securities available for sale. Securities are classified within Level 1 where quoted market prices are available in an active market. Inputs include securities that have quoted prices in active markets for identical assets. If quoted market prices are unavailable, fair value is estimated using quoted prices of securities with similar characteristics, at which point the securities would be classified within Level 2 of the hierarchy. Securities classified within Level 3 in First Guaranty's portfolio as of March 31, 2024 includes corporate debt and municipal securities. Loan individually evaluated for impairment. Fair value is measured by either the fair value of the collateral if the loan is collateral dependent (Level 2 or Level 3), or the present value of expected future cash flows, discounted at the loan's effective interest rate (Level 3). Fair value of the collateral is determined by appraisals or by independent valuation. Other real estate owned. Properties are recorded at the balance of the loan or at estimated fair value less estimated selling costs, whichever is less, at the date acquired. Fair values of other real estate owned ("OREO") are determined by sales agreement or appraisal, and costs to sell are based on estimation per the terms and conditions of the sales agreement or amounts commonly used in real estate transactions. Inputs include appraisal values or recent sales activity for similar assets in the property's market; thus, OREO measured at fair value would be classified within either Level 2 or Level 3 of the hierarchy. Certain non-financial assets and non-financial liabilities are measured at fair value on a non-recurring basis including assets and liabilities related to reporting units measured at fair value in the testing of goodwill impairment, as well as intangible assets and other non-financial long-lived assets measured at fair value for impairment assessment. The following table summarizes financial assets measured at fair value on a recurring basis as of March 31, 2024 and December 31, 2023, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: (in thousands) March 31, 2024 December 31, 2023 Available for Sale Securities Fair Value Measurements Using: Level 1: Quoted Prices in Active Markets For Identical Assets $ — $ 49,830 Level 2: Significant Other Observable Inputs 27,530 23,172 Level 3: Significant Unobservable Inputs 10,222 10,483 Securities available for sale measured at fair value $ 37,752 $ 83,485 First Guaranty's valuation methodologies may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. While the methodologies used are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value. The change in Level 1 securities available for sale from December 31, 2023 to March 31, 2024 was due to a net decrease in Treasury bills of $49.8 million. There were no transfers between Level 2 and Level 3 from December 31, 2023 to March 31, 2024. There were no transfers between Level 1 and 2 securities available for sale from December 31, 2023 to March 31, 2024. The following table reconciles assets measured at fair value on a recurring basis using unobservable inputs (Level 3) : Level 3 Changes (in thousands) March 31, 2024 Balance, beginning of year $ 10,483 Total gains or losses (realized/unrealized): Included in earnings — Included in other comprehensive income 69 Purchases, sales, issuances and settlements, net (330) Transfers in and/or out of Level 3 — Balance as of end of period $ 10,222 There were no gains or losses for the period included in earnings attributable to the change in unrealized gains or losses related to assets still held as of March 31, 2024. The following table measures financial assets and financial liabilities measured at fair value on a non-recurring basis as of March 31, 2024 and December 31, 2023, segregated by the level of valuation inputs within the fair value hierarchy utilized to measure fair value: (in thousands) At March 31, 2024 At December 31, 2023 Fair Value Measurements Using: Loans Individually Evaluated for Impairment Level 1: Quoted Prices in Active Markets For Identical Assets $ — $ — Level 2: Significant Other Observable Inputs — — Level 3: Significant Unobservable Inputs 6,600 8,083 Loans individually evaluated for impairment measured at fair value $ 6,600 $ 8,083 Fair Value Measurements Using: Other Real Estate Owned Level 1: Quoted Prices in Active Markets For Identical Assets $ — $ — Level 2: Significant Other Observable Inputs 1,284 1,250 Level 3: Significant Unobservable Inputs — — Other real estate owned measured at fair value $ 1,284 $ 1,250 ASC 825-10 provides First Guaranty with an option to report selected financial assets and liabilities at fair value. The fair value option established by this statement permits First Guaranty to choose to measure eligible items at fair value at specified election dates and report unrealized gains and losses on items for which the fair value option has been elected in earnings at each reporting date subsequent to implementation. First Guaranty has chosen not to elect the fair value option for any items that are not already required to be measured at fair value in accordance with accounting principles generally accepted in the United States.

Financial Instruments

Financial Instruments	3 Months Ended
	Mar. 31, 2024
Investments, All Other Investments [Abstract]
Financial Instruments	Financial Instruments Fair value estimates are generally subjective in nature and are dependent upon a number of significant assumptions associated with each instrument or group of similar instruments, including estimates of discount rates, risks associated with specific financial instruments, estimates of future cash flows and relevant available market information. Fair value information is intended to represent an estimate of an amount at which a financial instrument could be exchanged in a current transaction between a willing buyer and seller engaging in an exchange transaction. However, since there are no established trading markets for a significant portion of First Guaranty's financial instruments, First Guaranty may not be able to immediately settle financial instruments; as such, the fair values are not necessarily indicative of the amounts that could be realized through immediate settlement. In addition, the majority of the financial instruments, such as loans and deposits, are held to maturity and are realized or paid according to the contractual agreement with the customer. Quoted market prices are used to estimate fair values when available. However, due to the nature of the financial instruments, in many instances quoted market prices are not available. Accordingly, estimated fair values have been estimated based on other valuation techniques, such as discounting estimated future cash flows using a rate commensurate with the risks involved or other acceptable methods. Fair values are estimated without regard to any premium or discount that may result from concentrations of ownership of financial instruments, possible income tax ramifications or estimated transaction costs. The fair value estimates are subjective in nature and involve matters of significant judgment and, therefore, cannot be determined with precision. Fair values are also estimated at a specific point in time and are based on interest rates and other assumptions at that date. As events change the assumptions underlying these estimates, the fair values of financial instruments will change. Disclosure of fair values is not required for certain items such as lease financing, investments accounted for under the equity method of accounting, obligations of pension and other postretirement benefits, premises and equipment, other real estate, prepaid expenses, the value of long-term relationships with depositors (core deposit intangibles) and other customer relationships, other intangible assets and income tax assets and liabilities. Fair value estimates are presented for existing on- and off-balance sheet financial instruments without attempting to estimate the value of anticipated future business and the value of assets and liabilities that are not considered financial instruments. In addition, the tax ramifications related to the realization of the unrealized gains and losses have not been considered in the estimates. Accordingly, the aggregate fair value amounts presented do not purport to represent and should not be considered representative of the underlying market or franchise value of First Guaranty. Because the standard permits many alternative calculation techniques and because numerous assumptions have been used to estimate the fair values, reasonable comparison of the fair value information with other financial institutions' fair value information cannot necessarily be made. The methods and assumptions used to estimate the fair values of financial instruments are as follows: Cash and due from banks, interest-bearing deposits with banks, federal funds sold and federal funds purchased. These items are generally short-term and the carrying amounts reported in the consolidated balance sheets are a reasonable estimation of the fair values. Investment Securities. Fair values are principally based on quoted market prices. If quoted market prices are not available, fair values are based on quoted market prices of comparable instruments or the use of discounted cash flow analyses. Loans Held for Sale. Fair values of mortgage loans held for sale are based on commitments on hand from investors or prevailing market prices. These loans are classified within level 3 of the fair value hierarchy. Loans, net. Market values are computed present values using net present value formulas. The present value is the sum of the present value of all projected cash flows on an item at a specified discount rate. The discount rate is set as an appropriate rate index, plus or minus an appropriate spread. These loans are classified within level 3 of the fair value hierarchy. Loan individually evaluated for impairment. Fair value is measured by either the fair value of the collateral if the loan is collateral dependent (Level 2 or Level 3), or the present value of expected future cash flows, discounted at the loan's effective interest rate (Level 3). Fair value of the collateral is determined by appraisals or by independent valuation. Cash Surrender of BOLI. The cash surrender value of BOLI approximates fair value. Accrued interest receivable. The carrying amount of accrued interest receivable approximates its fair value. Deposits. The fair value of customer deposits, excluding certificates of deposit, is the amount payable on demand. Market values of certificates of deposit are actually computed present values using net present value formulas. The present value is the sum of the present value of all projected cash flows on an item at a specified discount rate. The discount rate is set as an appropriate rate index, plus or minus an appropriate spread. Deposits are classified within level 3 of the fair value hierarchy. Accrued interest payable. The carrying amount of accrued interest payable approximates its fair value. Borrowings. The carrying amount of federal funds purchased and other short-term borrowings approximate their fair values. The fair value of First Guaranty's long-term borrowings is computed using net present value formulas. The present value is the sum of the present value of all projected cash flows on an item at a specified discount rate. The discount rate is set as an appropriate rate index, plus or minus an appropriate spread. Borrowings are classified within level 3 of the fair value hierarchy. Other Unrecognized Financial Instruments. The fair value of commitments to extend credit is estimated using the fees charged to enter into similar legally binding agreements, taking into account the remaining terms of the agreements and customers' credit ratings. For fixed-rate loan commitments, fair value also considers the difference between current levels of interest rates and the committed rates. The fair values of letters of credit are based on fees charged for similar agreements or on estimated cost to terminate them or otherwise settle the obligations with the counterparties at the reporting date. At March 31, 2024 and December 31, 2023, the fair value of guarantees under commercial and standby letters of credit was not material. The carrying amounts and estimated fair values of financial instruments at March 31, 2024 were as follows: Fair Value Measurements at March 31, 2024 Using (in thousands) Carrying Amount Level 1 Level 2 Level 3 Total Assets Cash and due from banks $ 331,592 $ 331,592 $ — $ — $ 331,592 Federal funds sold 465 465 — — 465 Securities, available for sale 37,752 — 27,530 10,222 37,752 Securities, held for maturity 320,901 — 251,627 — 251,627 Loans held for sale — — — — — Loans, net 2,720,780 — — 2,572,245 2,572,245 Cash surrender value of BOLI 5,898 — — 5,898 5,898 Accrued interest receivable 17,339 — — 17,339 17,339 Liabilities Deposits $ 3,063,876 $ — $ — $ 3,069,935 3,069,935 Short-term advances from Federal Home Loan Bank — — — Short-term borrowings — — — — — Repurchase agreements 6,834 — — 6,738 6,738 Accrued interest payable 10,182 — — 10,182 10,182 Long-term advances from Federal Home Loan Bank 155,000 — — 152,481 152,481 Senior long-term debt 18,102 — — 18,297 18,297 Junior subordinated debentures 44,700 — — 44,700 44,700 The carrying amounts and estimated fair values of financial instruments at December 31, 2023 were as follows: Fair Value Measurements at December 31, 2023 Using (in thousands) Carrying Amount Level 1 Level 2 Level 3 Total Assets Cash and due from banks $ 286,114 $ 286,114 $ — $ — $ 286,114 Federal funds sold 341 341 — — 341 Securities, available for sale 83,485 49,830 23,172 10,483 83,485 Securities, held for maturity 320,638 — 253,584 — 253,584 Loans, net 2,717,782 — — 2,581,979 2,581,979 Cash surrender value of BOLI 5,861 — — 5,861 5,861 Accrued interest receivable 15,713 — — 15,713 15,713 Liabilities Deposits $ 3,009,094 $ — $ — $ 3,001,498 3,001,498 Short-term advances from Federal Home Loan Bank 50,000 — — 50,000 50,000 Short-term borrowings 10,000 — — 10,000 10,000 Repurchase agreements 6,297 — — 6,285 6,285 Accrued interest payable 11,807 — — 11,807 11,807 Long-term advances from Federal Home Loan Bank 155,000 — — 152,299 152,299 Senior long-term debt 39,099 — — 39,304 39,304 Junior subordinated debentures 15,000 — — 15,000 15,000 There is no material difference between the contract amount and the estimated fair value of off-balance sheet items that are primarily comprised of short-term unfunded loan commitments that are generally at market prices.

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles. The consolidated financial statements and the footnotes of First Guaranty Bancshares, Inc. ("First Guaranty") thereto should be read in conjunction with the audited consolidated financial statements and note disclosures for First Guaranty previously filed with the Securities and Exchange Commission in First Guaranty's Annual Report on Form 10-K for the year ended December 31, 2023. The consolidated financial statements include the accounts of First Guaranty Bancshares, Inc. and its wholly owned subsidiary First Guaranty Bank (the "Bank"). All significant intercompany balances and transactions have been eliminated in consolidation. In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments necessary for a fair presentation of the consolidated financial statements. Those adjustments are of a normal recurring nature. The results of operations at March 31, 2024 and for the three month periods ended March 31, 2024 and 2023 are not necessarily indicative of the results expected for the full year or any other interim period. The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near-term relate to the determination of the allowance for credit losses, the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans, and the valuation of investment securities.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Accounting Standards Adopted in 2024 None. Accounting Pronouncements Not Yet Adopted ASU No. 2023-09, "Improvements to Tax Disclosures" ("ASU 2023-09") is intended to enhance the transparency and decision usefulness of income tax disclosures primarily through changes to the rate reconciliation and income taxes paid information. This update is effective for annual periods beginning after December 15, 2024, though early adoption is permitted. We do not expect it to have a material effect on First Guaranty's consolidated financial statements.
Fair Value Measurements	Fair Value Measurements The fair value of a financial instrument is the current amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. A fair value measurement assumes that the transaction to sell the asset or transfer the liability occurs in the principal market for the asset or liability or, in the absence of a principal market, the most advantageous market for the asset or liability. Valuation techniques use certain inputs to arrive at fair value. Inputs to valuation techniques are the assumptions that market participants would use in pricing the asset or liability. They may be observable or unobservable. First Guaranty uses a fair value hierarchy for valuation inputs that gives the highest priority to quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The fair value hierarchy is as follows: Level 1 Inputs – Unadjusted quoted market prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. Level 2 Inputs – Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These might include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (such as interest rates, volatilities, prepayment speeds or credit risks) or inputs that are derived principally from or corroborated by market data by correlation or other means. Level 3 Inputs – Unobservable inputs for determining the fair values of assets or liabilities that reflect an entity's own assumptions about the assumptions that market participants would use in pricing the assets or liabilities. A description of the valuation methodologies used for instruments measured at fair value follows, as well as the classification of such instruments within the valuation hierarchy. Securities available for sale. Securities are classified within Level 1 where quoted market prices are available in an active market. Inputs include securities that have quoted prices in active markets for identical assets. If quoted market prices are unavailable, fair value is estimated using quoted prices of securities with similar characteristics, at which point the securities would be classified within Level 2 of the hierarchy. Securities classified within Level 3 in First Guaranty's portfolio as of March 31, 2024 includes corporate debt and municipal securities. Loan individually evaluated for impairment. Fair value is measured by either the fair value of the collateral if the loan is collateral dependent (Level 2 or Level 3), or the present value of expected future cash flows, discounted at the loan's effective interest rate (Level 3). Fair value of the collateral is determined by appraisals or by independent valuation. Other real estate owned. Properties are recorded at the balance of the loan or at estimated fair value less estimated selling costs, whichever is less, at the date acquired. Fair values of other real estate owned ("OREO") are determined by sales agreement or appraisal, and costs to sell are based on estimation per the terms and conditions of the sales agreement or amounts commonly used in real estate transactions. Inputs include appraisal values or recent sales activity for similar assets in the property's market; thus, OREO measured at fair value would be classified within either Level 2 or Level 3 of the hierarchy. Certain non-financial assets and non-financial liabilities are measured at fair value on a non-recurring basis including assets and liabilities related to reporting units measured at fair value in the testing of goodwill impairment, as well as intangible assets and other non-financial long-lived assets measured at fair value for impairment assessment. ASC 825-10 provides First Guaranty with an option to report selected financial assets and liabilities at fair value. The fair value option established by this statement permits First Guaranty to choose to measure eligible items at fair value at specified election dates and report unrealized gains and losses on items for which the fair value option has been elected in earnings at each reporting date subsequent to implementation. First Guaranty has chosen not to elect the fair value option for any items that are not already required to be measured at fair value in accordance with accounting principles generally accepted in the United States.

Securities (Tables)

Securities (Tables)	3 Months Ended
	Mar. 31, 2024
Investments, Debt and Equity Securities [Abstract]
Schedule of Comparison of Securities by Type	A summary comparison of securities by type at March 31, 2024 and December 31, 2023 is shown below. March 31, 2024 December 31, 2023 (in thousands) Amortized Cost Gross Gross Fair Value Amortized Cost Gross Unrealized Gains Gross Fair Value Available for sale: U.S. Treasuries $ — $ — $ — $ — $ 50,048 $ — $ (218) $ 49,830 U.S. Government Agencies — — — — — — — — Corporate debt securities 16,750 — (1,157) 15,593 16,750 3 (1,279) 15,474 Municipal bonds 17,405 215 (382) 17,238 13,522 31 (372) 13,181 Mortgage-backed securities 5,121 — (200) 4,921 5,144 — (144) 5,000 Total available for sale securities $ 39,276 $ 215 $ (1,739) $ 37,752 $ 85,464 $ 34 $ (2,013) $ 83,485 Held to maturity: U.S. Government Agencies $ 266,113 $ — $ (63,262) $ 202,851 $ 265,896 $ — $ (61,532) $ 204,364 Corporate debt securities 54,868 — (6,092) 48,776 54,822 — (5,602) 49,220 Total held to maturity securities $ 320,981 $ — $ (69,354) $ 251,627 $ 320,718 $ — $ (67,134) $ 253,584
Schedule of Investments Classified by Contractual Maturity Date	For this reason, they are presented separately in the maturity table below: At March 31, 2024 (in thousands) Amortized Cost Fair Value Available for sale: Due in one year or less $ 773 $ 770 Due after one year through five years 4,455 4,458 Due after five years through 10 years 21,918 20,887 Over 10 years 7,009 6,716 Subtotal 34,155 32,831 Mortgage-backed securities 5,121 4,921 Total available for sale securities $ 39,276 $ 37,752 Held to maturity: Due in one year or less $ — $ — Due after one year through five years 3,074 2,792 Due after five years through 10 years 114,616 98,521 Over 10 years 203,291 150,314 Total held to maturity securities $ 320,981 $ 251,627
Schedule of Unrealized Loss on Investments	The following is a summary of the fair value of securities with gross unrealized losses and an aging of those gross unrealized losses at March 31, 2024. At March 31, 2024 Less Than 12 Months 12 Months or More Total (in thousands) Number Fair Value Gross Number Fair Value Gross Number Fair Value Gross Available for sale: U.S. Treasuries — $ — $ — — $ — $ — — $ — $ — Corporate debt securities 1 985 (15) 15 14,608 (1,142) 16 15,593 (1,157) Municipal bonds 4 1,142 (9) 38 5,677 (373) 42 6,819 (382) Mortgage-backed securities 2 2,587 (31) 5 2,333 (169) 7 4,920 (200) Total available for sale securities 7 $ 4,714 $ (55) 58 $ 22,618 $ (1,684) 65 $ 27,332 $ (1,739) Held to maturity: U.S. Government Agencies — $ — $ — 29 $ 202,851 $ (63,262) 29 $ 202,851 $ (63,262) Corporate debt securities — — — 57 48,776 (6,092) 57 48,776 (6,092) Total held to maturity securities — $ — $ — 86 $ 251,627 $ (69,354) 86 $ 251,627 $ (69,354) The following is a summary of the fair value of securities with gross unrealized losses and an aging of those gross unrealized losses at December 31, 2023. At December 31, 2023 Less Than 12 Months 12 Months or More Total (in thousands) Number Fair Value Gross Number Fair Value Gross Number Fair Value Gross Available for sale: U.S. Treasuries — $ — $ — 3 $ 49,830 $ (218) 3 $ 49,830 $ (218) U.S. Government Agencies — — — — — — — — — Corporate debt securities — — — 15 14,471 (1,279) 15 14,471 (1,279) Municipal bonds 12 3,417 (6) 41 5,895 (366) 53 9,312 (372) Mortgage-backed securities 2 2,606 (21) 5 2,394 (123) 7 5,000 (144) Total available for sale securities 14 $ 6,023 $ (27) 64 $ 72,590 $ (1,986) 78 $ 78,613 $ (2,013) Held to maturity: U.S. Government Agencies — $ — $ — 29 $ 204,364 $ (61,532) 29 $ 204,364 $ (61,532) Corporate debt securities — — — 57 49,220 (5,602) 57 49,220 (5,602) Total held to maturity securities — $ — $ — 86 $ 253,584 $ (67,134) 86 $ 253,584 $ (67,134)
Schedule of Exposure to Investment Securities Issuers that Exceeded 10% of Shareholders' Equity	At March 31, 2024, First Guaranty's exposure to bond issuers that exceeded 10% of shareholders' equity is below: At March 31, 2024 (in thousands) Amortized Cost Fair Value U.S. Government Treasuries (U.S.) $ — $ — Federal Home Loan Bank (FHLB) 32,222 25,894 Federal Home Loan Mortgage Corporation (Freddie Mac-FHLMC) 97,538 69,528 Federal Farm Credit Bank (FFCB) 138,853 109,762 Total $ 268,613 $ 205,184

Loans (Tables)

Loans (Tables)	3 Months Ended
	Mar. 31, 2024
Receivables [Abstract]
Schedule of Components of Loan Portfolio	The following table summarizes the components of First Guaranty's loan portfolio as of March 31, 2024 and December 31, 2023: March 31, 2024 December 31, 2023 (in thousands except for %) Balance As % of Category Balance As % of Category Real Estate: Construction & land development $ 328,090 11.9 % $ 399,435 14.5 % Farmland 37,534 1.3 % 32,530 1.2 % 1- 4 Family 456,659 16.5 % 444,850 16.1 % Multifamily 165,148 6.0 % 118,921 4.3 % Non-farm non-residential 1,133,516 41.1 % 1,045,865 37.9 % Total Real Estate 2,120,947 76.8 % 2,041,601 74.0 % Non-Real Estate: Agricultural 43,422 1.6 % 41,008 1.5 % Commercial and industrial (1) 293,292 10.6 % 334,972 12.1 % Commercial leases 253,016 9.2 % 285,415 10.4 % Consumer and other 49,458 1.8 % 54,485 2.0 % Total Non-Real Estate 639,188 23.2 % 715,880 26.0 % Total Loans Before Unearned Income 2,760,135 100.0 % 2,757,481 100.0 % Unearned income (7,905) (8,773) Total Loans Net of Unearned Income $ 2,752,230 $ 2,748,708 (1) Includes PPP loans fully guaranteed by the SBA of $2.6 million and $2.8 million at March 31, 2024 and December 31, 2023, respectively.
Schedule of Fixed and Floating Rate Loans by Contractual Maturity, Excluding Nonaccrual Loans	The following table summarizes fixed and floating rate loans by contractual maturity, excluding nonaccrual loans, as of March 31, 2024 and December 31, 2023 unadjusted for scheduled principal payments, prepayments, or repricing opportunities. The average life of the loan portfolio may be substantially less than the contractual terms when these adjustments are considered. March 31, 2024 December 31, 2023 (in thousands) Fixed Floating Total Fixed Floating Total One year or less $ 271,330 $ 122,431 $ 393,761 $ 268,864 $ 88,884 $ 357,748 More than one to five years 715,494 323,717 1,039,211 782,754 357,981 1,140,735 More than five to 15 years 81,780 277,294 359,074 88,490 269,918 358,408 Over 15 years 349,617 589,866 939,483 334,337 541,066 875,403 Subtotal $ 1,418,221 $ 1,313,308 2,731,529 $ 1,474,445 $ 1,257,849 2,732,294 Nonaccrual loans 28,606 25,187 Total Loans Before Unearned Income 2,760,135 2,757,481 Unearned income (7,905) (8,773) Total Loans Net of Unearned Income $ 2,752,230 $ 2,748,708
Schedule of Past due Financing Receivables	The following tables present the age analysis of past due loans at March 31, 2024 and December 31, 2023: As of March 31, 2024 (in thousands) 30-89 Days Past Due 90 Days or Greater Total Past Due Current Total Loans Recorded Investment Real Estate: Construction & land development $ 1,675 $ 598 $ 2,273 $ 325,817 $ 328,090 $ — Farmland 88 903 991 36,543 37,534 — 1- 4 family 5,121 8,157 13,278 443,381 456,659 — Multifamily — 537 537 164,611 165,148 — Non-farm non-residential 3,500 24,333 27,833 1,105,683 1,133,516 14,600 Total Real Estate 10,384 34,528 44,912 2,076,035 2,120,947 14,600 Non-Real Estate: Agricultural 234 1,716 1,950 41,472 43,422 58 Commercial and industrial 5,307 4,691 9,998 283,294 293,292 — Commercial leases 1,833 1,799 3,632 249,384 253,016 — Consumer and other 817 530 1,347 48,111 49,458 — Total Non-Real Estate 8,191 8,736 16,927 622,261 639,188 58 Total Loans Before Unearned Income $ 18,575 $ 43,264 $ 61,839 $ 2,698,296 $ 2,760,135 $ 14,658 Unearned income (7,905) Total Loans Net of Unearned Income $ 2,752,230 As of December 31, 2023 (in thousands) 30-89 Days Past Due 90 Days or Greater Total Past Due Current Total Loans Recorded Investment Real Estate: Construction & land development $ 1,281 $ 530 $ 1,811 $ 397,624 $ 399,435 $ — Farmland 97 836 933 31,597 32,530 — 1- 4 family 3,929 7,109 11,038 433,812 444,850 124 Multifamily 824 537 1,361 117,560 118,921 — Non-farm non-residential 1,020 24,451 25,471 1,020,394 1,045,865 14,711 Total Real Estate 7,151 33,463 40,614 2,000,987 2,041,601 14,835 Non-Real Estate: Agricultural 240 1,426 1,666 39,342 41,008 57 Commercial and industrial 2,483 1,976 4,459 330,513 334,972 395 Commercial leases — 1,799 1,799 283,616 285,415 — Consumer and other 1,037 1,810 2,847 51,638 54,485 — Total Non-Real Estate 3,760 7,011 10,771 705,109 715,880 452 Total Loans Before Unearned Income $ 10,911 $ 40,474 $ 51,385 $ 2,706,096 $ 2,757,481 $ 15,287 Unearned income (8,773) Total Loans Net of Unearned Income $ 2,748,708
Schedule of Nonaccrual Loans by Class	The following is a summary of nonaccrual loans by class at the dates indicated: As of March 31, 2024 (in thousands) With Related Allowance Without Related Allowance Total Real Estate: Construction & land development $ 598 $ — $ 598 Farmland 502 401 903 1- 4 family 7,051 1,106 8,157 Multifamily — 537 537 Non-farm non-residential 8,857 876 9,733 Total Real Estate 17,008 2,920 19,928 Non-Real Estate: Agricultural 1,327 331 1,658 Commercial and industrial 4,691 — 4,691 Commercial leases — 1,799 1,799 Consumer and other 530 — 530 Total Non-Real Estate 6,548 2,130 8,678 Total Nonaccrual Loans $ 23,556 $ 5,050 $ 28,606 As of December 31, 2023 (in thousands) With Related Allowance Without Related Allowance Total Real Estate: Construction & land development $ 530 $ — $ 530 Farmland 511 325 836 1- 4 family 5,417 1,568 6,985 Multifamily — 537 537 Non-farm non-residential 8,730 1,010 9,740 Total Real Estate 15,188 3,440 18,628 Non-Real Estate: Agricultural 399 970 1,369 Commercial and industrial 1,581 — 1,581 Commercial leases — 1,799 1,799 Consumer and other 1,810 — 1,810 Total Non-Real Estate 3,790 2,769 6,559 Total Nonaccrual Loans $ 18,978 $ 6,209 $ 25,187
Schedule of Credit Exposure of Loan Portfolio, Including Loans Acquired with Deteriorated Credit Quality, by Specific Credit Ratings	The following table presents First Guaranty's loan portfolio by credit quality classification and origination year as of the date indicated: As of March 31, 2024 Term Loans by Origination Year (in thousands) 2024 2023 2022 2021 2020 Prior Revolving Loans Total Real Estate: Construction & land development: Pass $ 21,005 $ 141,694 $ 115,445 $ 17,090 $ 2,256 6,924 $ 17,708 $ 322,122 Special Mention — 571 1,115 167 83 1,268 — 3,204 Substandard — — 649 454 263 1,267 — 2,633 Doubtful — — 39 91 — 1 — 131 Total Construction & land development 21,005 142,265 117,248 17,802 2,602 9,460 17,708 328,090 Current period gross charge-offs — — — — — — — — Farmland Pass 247 12,615 4,018 3,316 1,727 3,690 3,307 28,920 Special Mention — — 225 — 1,780 469 — 2,474 Substandard — — 214 2,702 2,534 645 — 6,095 Doubtful — — — — — — 45 45 Total Farmland 247 12,615 4,457 6,018 6,041 4,804 3,352 37,534 Current period gross charge-offs — — — — — — — — 1- 4 family Pass 15,239 112,290 111,489 69,718 40,707 65,440 17,704 432,587 Special Mention — 1,536 2,054 448 1,102 1,913 432 7,485 Substandard — 75 2,480 5,636 1,598 5,132 1,148 16,069 Doubtful — — 122 — — 324 72 518 Total 1- 4 family 15,239 113,901 116,145 75,802 43,407 72,809 19,356 456,659 Current period gross charge-offs — — — — — 41 — 41 Multifamily Pass 450 8,363 85,006 45,822 14,993 1,505 5,854 161,993 Special Mention — — — — — 2,595 23 2,618 Substandard — — — — — 537 — 537 Doubtful — — — — — — — — Total Multifamily 450 8,363 85,006 45,822 14,993 4,637 5,877 165,148 Current period gross charge-offs — — — — — — — — Non-farm non-residential Pass 24,449 178,389 272,000 133,283 87,002 327,818 37,365 1,060,306 Special Mention 2,219 2,025 363 131 391 16,911 1,040 23,080 Substandard — 246 19,210 19,366 — 6,039 5,203 50,064 Doubtful — — — — 66 — — 66 Total non-farm non-residential 26,668 180,660 291,573 152,780 87,459 350,768 43,608 1,133,516 Current period gross charge-offs — — — — — — — — Total Real Estate 63,609 457,804 614,429 298,224 154,502 442,478 89,901 2,120,947 Non-Real Estate: Agricultural Pass 1,118 2,758 10,202 3,067 1,303 3,572 18,034 40,054 Special Mention — 28 33 — 156 — 66 283 Substandard — — — 692 197 2,104 57 3,050 Doubtful — — — — — 35 — 35 Total Agricultural 1,118 2,786 10,235 3,759 1,656 5,711 18,157 43,422 Current period gross charge-offs — — — 33 — — — 33 Commercial and industrial Pass 2,615 33,965 18,801 45,407 44,138 30,617 106,316 281,859 Special Mention — 95 46 4,444 117 62 602 5,366 Substandard — 45 336 195 497 4,722 105 5,900 Doubtful — — — — — 167 — 167 Total Commercial and industrial 2,615 34,105 19,183 50,046 44,752 35,568 107,023 293,292 Current period gross charge-offs — 220 124 75 182 26 — 627 Commercial leases Pass 5,575 63,385 112,573 61,468 5,440 944 — 249,385 Special Mention — — — — — — — — Substandard — — 3,631 — — — — 3,631 Doubtful — — — — — — — — Total Commercial leases 5,575 63,385 116,204 61,468 5,440 944 — 253,016 Current period gross charge-offs — — — — — — — — Consumer and other loans Pass 2,852 19,403 7,387 5,541 5,698 6,894 — 47,775 Special Mention — 31 104 185 65 27 — 412 Substandard — 132 581 352 88 103 — 1,256 Doubtful — — — — — 15 — 15 Total Consumer and other loans 2,852 19,566 8,072 6,078 5,851 7,039 — 49,458 Current period gross charge-offs 65 346 534 377 201 61 — 1,584 Total Non-Real Estate 12,160 119,842 153,694 121,351 57,699 49,262 125,180 639,188 Total Loans Pass 73,550 572,862 736,921 384,712 203,264 447,404 206,288 2,625,001 Special Mention 2,219 4,286 3,940 5,375 3,694 23,245 2,163 44,922 Substandard — 498 27,101 29,397 5,177 20,549 6,513 89,235 Doubtful — — 161 91 66 542 117 977 Total Loans Before Unearned Income $ 75,769 $ 577,646 $ 768,123 $ 419,575 $ 212,201 $ 491,740 $ 215,081 $ 2,760,135 Unearned income (7,905) Total Loans Net of Unearned Income $ 2,752,230 Total Current Period Gross Charge-offs $ 65 $ 566 $ 658 $ 485 $ 383 $ 128 $ — $ 2,285 As of December 31, 2023 Term Loans by Origination Year (in thousands) 2023 2022 2021 2020 2019 Prior Revolving Loans Total Real Estate: Construction & land development: Pass $ 134,527 $ 140,068 $ 75,884 $ 3,369 $ 8,533 11,940 $ 18,907 $ 393,228 Special Mention 789 1,579 170 — 90 250 — 2,878 Substandard — 716 458 263 94 1,668 — 3,199 Doubtful — 39 91 — — — — 130 Total Construction & land development 135,316 142,402 76,603 3,632 8,717 13,858 18,907 399,435 Current period gross charge-offs — — — — — — — — Farmland Pass 9,513 4,032 3,340 1,768 253 2,730 2,162 23,798 Special Mention — 194 — 514 — 359 — 1,067 Substandard — 251 1,369 3,877 115 653 1,355 7,620 Doubtful — — — — — — 45 45 Total Farmland 9,513 4,477 4,709 6,159 368 3,742 3,562 32,530 Current period gross charge-offs — — — — — — — — 1- 4 family Pass 112,636 110,978 70,599 41,766 19,542 47,374 17,215 420,110 Special Mention 1,307 2,505 749 1,544 775 997 667 8,544 Substandard 48 2,625 5,368 1,357 1,956 3,086 773 15,213 Doubtful — 122 391 — 239 159 72 983 Total 1- 4 family 113,991 116,230 77,107 44,667 22,512 51,616 18,727 444,850 Current period gross charge-offs — — — — — 964 — 964 Multifamily Pass 9,945 76,217 6,121 15,131 1,877 2,311 5,110 116,712 Special Mention — — — — — 1,648 24 1,672 Substandard — — — — — 537 — 537 Doubtful — — — — — — — — Total Multifamily 9,945 76,217 6,121 15,131 1,877 4,496 5,134 118,921 Current period gross charge-offs — — — — — — — — Non-farm non-residential Pass 162,234 247,182 111,054 88,039 73,797 256,032 33,907 972,245 Special Mention 708 369 1,014 388 15,846 5,191 1,525 25,041 Substandard 247 18,930 18,488 — — 6,125 4,723 48,513 Doubtful — — — 66 — — — 66 Total non-farm non-residential 163,189 266,481 130,556 88,493 89,643 267,348 40,155 1,045,865 Current period gross charge-offs — — — 138 — — — 138 Total Real Estate 431,954 605,807 295,096 158,082 123,117 341,060 86,485 2,041,601 Non-Real Estate: Agricultural Pass 2,555 10,406 3,142 1,336 1,532 2,378 16,259 37,608 Special Mention — 104 — 81 — — 25 210 Substandard — — 692 279 20 2,100 57 3,148 Doubtful — — — — — 42 — 42 Total Agricultural 2,555 10,510 3,834 1,696 1,552 4,520 16,341 41,008 Current period gross charge-offs — — — — — — — — Commercial and industrial Pass 41,105 27,800 48,097 53,585 5,613 27,634 119,886 323,720 Special Mention 63 37 4,382 146 — 53 598 5,279 Substandard 45 283 178 602 27 4,531 145 5,811 Doubtful — — — — — 162 — 162 Total Commercial and industrial 41,213 28,120 52,657 54,333 5,640 32,380 120,629 334,972 Current period gross charge-offs 29 791 133 532 — 209 — 1,694 Commercial leases Pass 74,456 117,566 67,615 6,087 4,428 — — 270,152 Special Mention — 11,867 1,597 — — — — 13,464 Substandard — 1,799 — — — — — 1,799 Doubtful — — — — — — — — Total Commercial leases 74,456 131,232 69,212 6,087 4,428 — — 285,415 Current period gross charge-offs — — — — — — — — Consumer and other loans Pass 21,257 8,770 6,463 6,164 650 7,887 150 51,341 Special Mention 36 151 255 87 15 19 — 563 Substandard 164 1,077 790 265 86 68 — 2,450 Doubtful — — 34 79 2 16 — 131 Total Consumer and other loans 21,457 9,998 7,542 6,595 753 7,990 150 54,485 Current period gross charge-offs 598 1,126 820 359 28 44 — 2,975 Total Non-Real Estate 139,681 179,860 133,245 68,711 12,373 44,890 137,120 715,880 Total Loans Pass 568,228 743,019 392,315 217,245 116,225 358,286 213,596 2,608,914 Special Mention 2,903 16,806 8,167 2,760 16,726 8,517 2,839 58,718 Substandard 504 25,681 27,343 6,643 2,298 18,768 7,053 88,290 Doubtful — 161 516 145 241 379 117 1,559 Total Loans Before Unearned Income $ 571,635 $ 785,667 $ 428,341 $ 226,793 $ 135,490 $ 385,950 $ 223,605 $ 2,757,481 Unearned income (8,773) Total Loans Net of Unearned Income $ 2,748,708 Total Current Period Gross Charge-offs $ 627 $ 1,917 $ 953 $ 1,029 $ 28 $ 1,217 $ — $ 5,771

Allowance for Credit Losses o_2

Allowance for Credit Losses on Loans (Tables)	3 Months Ended
	Mar. 31, 2024
Receivables [Abstract]
Schedule of Changes in Allowance for Loan Losses and Allowance and Loans Individually and Collectively Evaluated for Impairment	A summary of changes in the allowance for credit losses, by portfolio type, for the three months ended March 31, 2024 and 2023 are as follows: For the Three Months Ended March 31, 2024 (in thousands) Beginning Allowance (12/31/2023) Charge-offs Recoveries Provision Ending Allowance (3/31/2024) Real Estate: Construction & land development $ 5,845 $ — $ 1 $ (1,016) $ 4,830 Farmland 36 — — 27 63 1- 4 family 6,653 (41) 3 (20) 6,595 Multifamily 1,614 — — 163 1,777 Non-farm non-residential 10,596 — 8 712 11,316 Total Real Estate 24,744 (41) 12 (134) 24,581 Non-Real Estate: Agricultural 97 (33) 10 46 120 Commercial and industrial 2,711 (627) 115 1,684 3,883 Commercial leases 1,948 — — (564) 1,384 Consumer and other 1,426 (1,584) 118 1,522 1,482 Unallocated — — — — — Total Non-Real Estate 6,182 (2,244) 243 2,688 6,869 Total $ 30,926 $ (2,285) $ 255 $ 2,554 $ 31,450 For the Three Months Ended March 31, 2023 (in thousands) Beginning Allowance (12/31/2022) ASC 326 Adoption Day 1 Adjustment Charge-offs Recoveries Provision Ending Allowance (3/31/2023) Real Estate: Construction & land development $ 1,232 $ 1,891 $ — $ — $ 779 $ 3,902 Farmland 83 (39) — — (6) 38 1- 4 family 1,761 3,465 (33) 3 253 5,449 Multifamily 746 1,418 — — 194 2,358 Non-farm non-residential 9,280 307 (138) 34 561 10,044 Total Real Estate 13,102 7,042 (171) 37 1,781 21,791 Non-Real Estate: Agricultural 240 (98) — 167 (166) 143 Commercial and industrial 2,194 2,971 (44) 154 (1,021) 4,254 Commercial leases 4,879 (162) — — (2,280) 2,437 Consumer and other 2,506 (1,042) (758) 131 860 1,697 Unallocated 597 (591) — — 1,140 1,146 Total Non-Real Estate 10,416 1,078 (802) 452 (1,467) 9,677 Total $ 23,518 $ 8,120 $ (973) $ 489 $ 314 $ 31,468 A summary of the allowance along with loans and leases individually and collectively evaluated are as follows: As of March 31, 2024 (in thousands) Allowance Allowance Total Allowance Loans Loans Total Loans Real Estate: Construction & land development $ — $ 4,830 $ 4,830 $ 1,267 $ 326,823 $ 328,090 Farmland — 63 63 5,638 31,896 37,534 1- 4 family 471 6,124 6,595 4,316 452,343 456,659 Multifamily — 1,777 1,777 537 164,611 165,148 Non-farm non-residential 3,362 7,954 11,316 46,235 1,087,281 1,133,516 Total Real Estate 3,833 20,748 24,581 57,993 2,062,954 2,120,947 Non-Real Estate: Agricultural 15 105 120 1,466 41,956 43,422 Commercial and industrial 2,483 1,400 3,883 3,717 289,575 293,292 Commercial leases — 1,384 1,384 3,631 249,385 253,016 Consumer and other — 1,482 1,482 — 49,458 49,458 Unallocated — — — — — — Total Non-Real Estate 2,498 4,371 6,869 8,814 630,374 639,188 Total $ 6,331 $ 25,119 $ 31,450 $ 66,807 $ 2,693,328 2,760,135 Unearned Income (7,905) Total Loans Net of Unearned Income $ 2,752,230 All loans individually evaluated for impairment as of March 31, 2024 were considered collateral dependent loans. As of December 31, 2023 (in thousands) Allowance Allowance Total Allowance Loans Loans Total Loans Real Estate: Construction & land development $ — $ 5,845 $ 5,845 $ 1,389 $ 398,046 $ 399,435 Farmland — 36 36 5,670 26,860 32,530 1- 4 family 316 6,337 6,653 5,066 439,784 444,850 Multifamily — 1,614 1,614 537 118,384 118,921 Non-farm non-residential 3,047 7,549 10,596 46,571 999,294 1,045,865 Total Real Estate 3,363 21,381 24,744 59,233 1,982,368 2,041,601 Non-Real Estate: Agricultural 1 96 97 1,466 39,542 41,008 Commercial and industrial 758 1,953 2,711 4,464 330,508 334,972 Commercial leases — 1,948 1,948 1,799 283,616 285,415 Consumer and other — 1,426 1,426 — 54,485 54,485 Unallocated — — — — — — Total Non-Real Estate 759 5,423 6,182 7,729 708,151 715,880 Total $ 4,122 $ 26,804 $ 30,926 $ 66,962 $ 2,690,519 2,757,481 Unearned Income (8,773) Total loans net of unearned income $ 2,748,708

Other Real Estate (ORE) (Tables

Other Real Estate (ORE) (Tables)	3 Months Ended
	Mar. 31, 2024
Real Estate [Abstract]
Schedule of Other Real Estate Owned	Other real estate owned consists of the following at the dates indicated: (in thousands) March 31, 2024 December 31, 2023 Real Estate Owned Acquired by Foreclosure: Residential $ 312 $ 309 Construction & land development 282 251 Non-farm non-residential 690 690 Total Other Real Estate Owned and Foreclosed Property 1,284 1,250 Allowance for Other Real Estate Owned losses — — Net Other Real Estate Owned and Foreclosed Property $ 1,284 $ 1,250

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of Notional Amounts of Financial Instruments with Off-Balance Sheet Risk	Below is a summary of the notional amounts of the financial instruments with off-balance sheet risk at March 31, 2024 and December 31, 2023: Contract Amount (in thousands) March 31, 2024 December 31, 2023 Commitments to Extend Credit $ 257,034 $ 304,218 Unfunded Commitments under lines of credit $ 203,631 $ 214,546 Commercial and Standby letters of credit $ 14,544 $ 13,971

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets Measured on Recurring Basis	The following table summarizes financial assets measured at fair value on a recurring basis as of March 31, 2024 and December 31, 2023, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: (in thousands) March 31, 2024 December 31, 2023 Available for Sale Securities Fair Value Measurements Using: Level 1: Quoted Prices in Active Markets For Identical Assets $ — $ 49,830 Level 2: Significant Other Observable Inputs 27,530 23,172 Level 3: Significant Unobservable Inputs 10,222 10,483 Securities available for sale measured at fair value $ 37,752 $ 83,485
Schedule of Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	The following table reconciles assets measured at fair value on a recurring basis using unobservable inputs (Level 3) : Level 3 Changes (in thousands) March 31, 2024 Balance, beginning of year $ 10,483 Total gains or losses (realized/unrealized): Included in earnings — Included in other comprehensive income 69 Purchases, sales, issuances and settlements, net (330) Transfers in and/or out of Level 3 — Balance as of end of period $ 10,222
Schedule of Fair Value Measurements, Nonrecurring	The following table measures financial assets and financial liabilities measured at fair value on a non-recurring basis as of March 31, 2024 and December 31, 2023, segregated by the level of valuation inputs within the fair value hierarchy utilized to measure fair value: (in thousands) At March 31, 2024 At December 31, 2023 Fair Value Measurements Using: Loans Individually Evaluated for Impairment Level 1: Quoted Prices in Active Markets For Identical Assets $ — $ — Level 2: Significant Other Observable Inputs — — Level 3: Significant Unobservable Inputs 6,600 8,083 Loans individually evaluated for impairment measured at fair value $ 6,600 $ 8,083 Fair Value Measurements Using: Other Real Estate Owned Level 1: Quoted Prices in Active Markets For Identical Assets $ — $ — Level 2: Significant Other Observable Inputs 1,284 1,250 Level 3: Significant Unobservable Inputs — — Other real estate owned measured at fair value $ 1,284 $ 1,250

Financial Instruments (Tables)

Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2024
Investments, All Other Investments [Abstract]
Schedule of Estimated Fair Values and Carrying Values of Financial Instruments	The carrying amounts and estimated fair values of financial instruments at March 31, 2024 were as follows: Fair Value Measurements at March 31, 2024 Using (in thousands) Carrying Amount Level 1 Level 2 Level 3 Total Assets Cash and due from banks $ 331,592 $ 331,592 $ — $ — $ 331,592 Federal funds sold 465 465 — — 465 Securities, available for sale 37,752 — 27,530 10,222 37,752 Securities, held for maturity 320,901 — 251,627 — 251,627 Loans held for sale — — — — — Loans, net 2,720,780 — — 2,572,245 2,572,245 Cash surrender value of BOLI 5,898 — — 5,898 5,898 Accrued interest receivable 17,339 — — 17,339 17,339 Liabilities Deposits $ 3,063,876 $ — $ — $ 3,069,935 3,069,935 Short-term advances from Federal Home Loan Bank — — — Short-term borrowings — — — — — Repurchase agreements 6,834 — — 6,738 6,738 Accrued interest payable 10,182 — — 10,182 10,182 Long-term advances from Federal Home Loan Bank 155,000 — — 152,481 152,481 Senior long-term debt 18,102 — — 18,297 18,297 Junior subordinated debentures 44,700 — — 44,700 44,700 The carrying amounts and estimated fair values of financial instruments at December 31, 2023 were as follows: Fair Value Measurements at December 31, 2023 Using (in thousands) Carrying Amount Level 1 Level 2 Level 3 Total Assets Cash and due from banks $ 286,114 $ 286,114 $ — $ — $ 286,114 Federal funds sold 341 341 — — 341 Securities, available for sale 83,485 49,830 23,172 10,483 83,485 Securities, held for maturity 320,638 — 253,584 — 253,584 Loans, net 2,717,782 — — 2,581,979 2,581,979 Cash surrender value of BOLI 5,861 — — 5,861 5,861 Accrued interest receivable 15,713 — — 15,713 15,713 Liabilities Deposits $ 3,009,094 $ — $ — $ 3,001,498 3,001,498 Short-term advances from Federal Home Loan Bank 50,000 — — 50,000 50,000 Short-term borrowings 10,000 — — 10,000 10,000 Repurchase agreements 6,297 — — 6,285 6,285 Accrued interest payable 11,807 — — 11,807 11,807 Long-term advances from Federal Home Loan Bank 155,000 — — 152,299 152,299 Senior long-term debt 39,099 — — 39,304 39,304 Junior subordinated debentures 15,000 — — 15,000 15,000

Securities - Schedule of Compar

Securities - Schedule of Comparison of Securities by Type (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Available for sale:
Amortized Cost	$ 39,276	$ 85,464
Gross Unrealized Gains	215	34
Gross Unrealized Losses	(1,739)	(2,013)
Fair Value	37,752	83,485
Held to maturity:
Amortized Cost	320,981	320,718
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(69,354)	(67,134)
Fair Value	251,627	253,584
U.S. Treasuries
Available for sale:
Amortized Cost	0	50,048
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	(218)
Fair Value	0	49,830
U.S. Government Agencies
Available for sale:
Amortized Cost	0	0
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Fair Value	0	0
Held to maturity:
Amortized Cost	266,113	265,896
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(63,262)	(61,532)
Fair Value	202,851	204,364
Corporate debt securities
Available for sale:
Amortized Cost	16,750	16,750
Gross Unrealized Gains	0	3
Gross Unrealized Losses	(1,157)	(1,279)
Fair Value	15,593	15,474
Held to maturity:
Amortized Cost	54,868	54,822
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(6,092)	(5,602)
Fair Value	48,776	49,220
Municipal bonds
Available for sale:
Amortized Cost	17,405	13,522
Gross Unrealized Gains	215	31
Gross Unrealized Losses	(382)	(372)
Fair Value	17,238	13,181
Mortgage-backed securities
Available for sale:
Amortized Cost	5,121	5,144
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(200)	(144)
Fair Value	$ 4,921	$ 5,000

Securities - Scheduled Maturiti

Securities - Scheduled Maturities of Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Amortized Cost
Due in one year or less	$ 773
Due after one year through five years	4,455
Due after five years through 10 years	21,918
Over 10 years	7,009
Subtotal	34,155
Amortized Cost	39,276	$ 85,464
Fair Value
Due in one year or less	770
Due after one year through five years	4,458
Due after five years through 10 years	20,887
Over 10 years	6,716
Subtotal	32,831
Fair Value	37,752	83,485
Amortized Cost
Due in one year or less	0
Due after one year through five years	3,074
Due after five years through 10 years	114,616
Over 10 years	203,291
Amortized Cost	320,981	320,718
Fair Value
Due in one year or less	0
Due after one year through five years	2,792
Due after five years through 10 years	98,521
Over 10 years	150,314
Fair Value	251,627	253,584
Mortgage-backed securities
Amortized Cost
Mortgage-backed securities	5,121
Amortized Cost	5,121	5,144
Fair Value
Mortgage-backed securities	4,921
Fair Value	$ 4,921	$ 5,000

Securities - Narrative (Details

Securities - Narrative (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($) chargeoff security	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($)
Debt Securities, Available-for-sale [Line Items]
Marketable securities	$ 358,653		$ 404,123
Debt securities, accrued interest	2,500		1,800
Held to maturity, allowance for credit losses	$ 80		$ 80
Number of debt securities with unrealized losses | security	151
Unrealized losses on debt securities in continuous loss position as percentage of total individual securities' amortized cost basis	20.30%
Unrealized losses on debt securities in continuous loss position as percentage of amortized cost basis of investment securities portfolio	19.70%
Number of debt securities in continuous loss position for over 12 months | security	144
Debt securities in a continuous loss position for over 12 months, amortized cost basis	$ 345,300
Debt securities in a continuous loss position for over 12 months, unrealized loss	$ 71,000
Number of held to maturity corporate security with a credit related impairment loss | security	1
Provision for credit losses	$ 2,304	$ 314
Corporate debt securities
Debt Securities, Available-for-sale [Line Items]
Number of charge-offs | chargeoff	0
Held-to-Maturity and Available-for-Sale Securities
Debt Securities, Available-for-sale [Line Items]
Provision for credit losses	$ 0
Deposits
Debt Securities, Available-for-sale [Line Items]
Marketable securities	167,900
Debt securities, available-for-sale and held-to-maturity, fair value	$ 129,100

Securities - Schedule of Securi

Securities - Schedule of Securities in Continuous Unrealized Loss Position (Details) $ in Thousands	Mar. 31, 2024 USD ($) security	Dec. 31, 2023 USD ($) security
Available for sale:
Less Than 12 Months, Number of Securities | security	7	14
Less Than 12 Months, Fair Value	$ 4,714	$ 6,023
Less Than 12 Months, Gross Unrealized Losses	$ (55)	$ (27)
12 Months or More, Number of Securities | security	58	64
12 Months or More, Fair Value	$ 22,618	$ 72,590
12 Months or More, Gross Unrealized Losses	$ (1,684)	$ (1,986)
Total, Number of Securities | security	65	78
Total, Fair Value	$ 27,332	$ 78,613
Total, Gross Unrealized Losses	$ (1,739)	$ (2,013)
Held to maturity:
Less Than 12 Months, Number of Securities | security	0	0
Less Than 12 Months, Fair Value	$ 0	$ 0
Less Than 12 Months, Gross Unrealized Losses	$ 0	$ 0
12 Months or More, Number of Securities | security	86	86
12 Months or More, Fair Value	$ 251,627	$ 253,584
12 Months or More, Gross Unrealized Losses	$ (69,354)	$ (67,134)
Total, Number of Securities | security	86	86
Total, Fair Value	$ 251,627	$ 253,584
Total, Gross Unrealized Losses	$ (69,354)	$ (67,134)
U.S. Treasuries
Available for sale:
Less Than 12 Months, Number of Securities | security	0	0
Less Than 12 Months, Fair Value	$ 0	$ 0
Less Than 12 Months, Gross Unrealized Losses	$ 0	$ 0
12 Months or More, Number of Securities | security	0	3
12 Months or More, Fair Value	$ 0	$ 49,830
12 Months or More, Gross Unrealized Losses	$ 0	$ (218)
Total, Number of Securities | security	0	3
Total, Fair Value	$ 0	$ 49,830
Total, Gross Unrealized Losses	$ 0	$ (218)
U.S. Government Agencies
Available for sale:
Less Than 12 Months, Number of Securities | security		0
Less Than 12 Months, Fair Value		$ 0
Less Than 12 Months, Gross Unrealized Losses		$ 0
12 Months or More, Number of Securities | security		0
12 Months or More, Fair Value		$ 0
12 Months or More, Gross Unrealized Losses		$ 0
Total, Number of Securities | security		0
Total, Fair Value		$ 0
Total, Gross Unrealized Losses		$ 0
Held to maturity:
Less Than 12 Months, Number of Securities | security	0	0
Less Than 12 Months, Fair Value	$ 0	$ 0
Less Than 12 Months, Gross Unrealized Losses	$ 0	$ 0
12 Months or More, Number of Securities | security	29	29
12 Months or More, Fair Value	$ 202,851	$ 204,364
12 Months or More, Gross Unrealized Losses	$ (63,262)	$ (61,532)
Total, Number of Securities | security	29	29
Total, Fair Value	$ 202,851	$ 204,364
Total, Gross Unrealized Losses	$ (63,262)	$ (61,532)
Corporate debt securities
Available for sale:
Less Than 12 Months, Number of Securities | security	1	0
Less Than 12 Months, Fair Value	$ 985	$ 0
Less Than 12 Months, Gross Unrealized Losses	$ (15)	$ 0
12 Months or More, Number of Securities | security	15	15
12 Months or More, Fair Value	$ 14,608	$ 14,471
12 Months or More, Gross Unrealized Losses	$ (1,142)	$ (1,279)
Total, Number of Securities | security	16	15
Total, Fair Value	$ 15,593	$ 14,471
Total, Gross Unrealized Losses	$ (1,157)	$ (1,279)
Held to maturity:
Less Than 12 Months, Number of Securities | security	0	0
Less Than 12 Months, Fair Value	$ 0	$ 0
Less Than 12 Months, Gross Unrealized Losses	$ 0	$ 0
12 Months or More, Number of Securities | security	57	57
12 Months or More, Fair Value	$ 48,776	$ 49,220
12 Months or More, Gross Unrealized Losses	$ (6,092)	$ (5,602)
Total, Number of Securities | security	57	57
Total, Fair Value	$ 48,776	$ 49,220
Total, Gross Unrealized Losses	$ (6,092)	$ (5,602)
Municipal bonds
Available for sale:
Less Than 12 Months, Number of Securities | security	4	12
Less Than 12 Months, Fair Value	$ 1,142	$ 3,417
Less Than 12 Months, Gross Unrealized Losses	$ (9)	$ (6)
12 Months or More, Number of Securities | security	38	41
12 Months or More, Fair Value	$ 5,677	$ 5,895
12 Months or More, Gross Unrealized Losses	$ (373)	$ (366)
Total, Number of Securities | security	42	53
Total, Fair Value	$ 6,819	$ 9,312
Total, Gross Unrealized Losses	$ (382)	$ (372)
Mortgage-backed securities
Available for sale:
Less Than 12 Months, Number of Securities | security	2	2
Less Than 12 Months, Fair Value	$ 2,587	$ 2,606
Less Than 12 Months, Gross Unrealized Losses	$ (31)	$ (21)
12 Months or More, Number of Securities | security	5	5
12 Months or More, Fair Value	$ 2,333	$ 2,394
12 Months or More, Gross Unrealized Losses	$ (169)	$ (123)
Total, Number of Securities | security	7	7
Total, Fair Value	$ 4,920	$ 5,000
Total, Gross Unrealized Losses	$ (200)	$ (144)

Securities - Schedule of Exposu

Securities - Schedule of Exposure to Bond Issuers that Exceeded 10% of Stockholders' Equity (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Concentration Risk [Line Items]
Amortized Cost	$ 358,653	$ 404,123
Stockholders' Equity, Total
Concentration Risk [Line Items]
Amortized Cost	268,613
Fair Value	205,184
Stockholders' Equity, Total | U.S. Government Treasuries (U.S.)
Concentration Risk [Line Items]
Amortized Cost	0
Fair Value	0
Stockholders' Equity, Total | Federal Home Loan Bank (FHLB)
Concentration Risk [Line Items]
Amortized Cost	32,222
Fair Value	25,894
Stockholders' Equity, Total | Federal Home Loan Mortgage Corporation (Freddie Mac-FHLMC)
Concentration Risk [Line Items]
Amortized Cost	97,538
Fair Value	69,528
Stockholders' Equity, Total | Federal Farm Credit Bank (FFCB)
Concentration Risk [Line Items]
Amortized Cost	138,853
Fair Value	$ 109,762

Loans - Components of Loan Port

Loans - Components of Loan Portfolio (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Balance
Total Loans before Unearned Income	$ 2,760,135	$ 2,757,481
Unearned Income	(7,905)	(8,773)
Total loans net of unearned income	$ 2,752,230	$ 2,748,708
As % of Category
As % of Category	100%	100%
Real Estate
Balance
Total Loans before Unearned Income	$ 2,120,947	$ 2,041,601
As % of Category
As % of Category	76.80%	74%
Real Estate | Construction & land development
Balance
Total Loans before Unearned Income	$ 328,090	$ 399,435
As % of Category
As % of Category	11.90%	14.50%
Real Estate | Farmland
Balance
Total Loans before Unearned Income	$ 37,534	$ 32,530
As % of Category
As % of Category	1.30%	1.20%
Real Estate | 1- 4 Family
Balance
Total Loans before Unearned Income	$ 456,659	$ 444,850
As % of Category
As % of Category	16.50%	16.10%
Real Estate | Multifamily
Balance
Total Loans before Unearned Income	$ 165,148	$ 118,921
As % of Category
As % of Category	6%	4.30%
Real Estate | Non-farm non-residential
Balance
Total Loans before Unearned Income	$ 1,133,516	$ 1,045,865
As % of Category
As % of Category	41.10%	37.90%
Non-Real Estate
Balance
Total Loans before Unearned Income	$ 639,188	$ 715,880
As % of Category
As % of Category	23.20%	26%
Non-Real Estate | Agricultural
Balance
Total Loans before Unearned Income	$ 43,422	$ 41,008
As % of Category
As % of Category	1.60%	1.50%
Non-Real Estate | Commercial and industrial
Balance
Total Loans before Unearned Income	$ 293,292	$ 334,972
As % of Category
As % of Category	10.60%	12.10%
PPP loans fully guaranteed by the SBA	$ 2,600	$ 2,800
Non-Real Estate | Commercial leases
Balance
Total Loans before Unearned Income	$ 253,016	$ 285,415
As % of Category
As % of Category	9.20%	10.40%
Non-Real Estate | Consumer and other
Balance
Total Loans before Unearned Income	$ 49,458	$ 54,485
As % of Category
As % of Category	1.80%	2%

Loans - Narrative (Details)

Loans - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Receivables [Abstract]
Accrued interest receivable	$ 14,800	$ 13,900
Initial fixed rate period, tranche one	1 year
Initial fixed rate period, tranche two	3 years
Initial fixed rate period, tranche three	5 years
Nonaccrual loans	$ 28,606	$ 25,187

Loans - Fixed and Floating Rate

Loans - Fixed and Floating Rate Loans by Contractual Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Financing receivables, fixed and floating rate loans by contractual maturity [Abstract]
One year or less	$ 393,761	$ 357,748
More than one to five years	1,039,211	1,140,735
More than five to 15 years	359,074	358,408
Over 15 years	939,483	875,403
Subtotal	2,731,529	2,732,294
Nonaccrual loans	28,606	25,187
Total Loans before Unearned Income	2,760,135	2,757,481
Unearned income	(7,905)	(8,773)
Total Loans Net of Unearned Income	2,752,230	2,748,708
Fixed
Financing receivables, fixed and floating rate loans by contractual maturity [Abstract]
One year or less	271,330	268,864
More than one to five years	715,494	782,754
More than five to 15 years	81,780	88,490
Over 15 years	349,617	334,337
Subtotal	1,418,221	1,474,445
Floating
Financing receivables, fixed and floating rate loans by contractual maturity [Abstract]
One year or less	122,431	88,884
More than one to five years	323,717	357,981
More than five to 15 years	277,294	269,918
Over 15 years	589,866	541,066
Subtotal	$ 1,313,308	$ 1,257,849

Loans - Receivables Past Due (D

Loans - Receivables Past Due (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	$ 2,760,135	$ 2,757,481
Unearned income	(7,905)	(8,773)
Total loans net of unearned income	2,752,230	2,748,708
Recorded Investment 90 Days Accruing	14,658	15,287
Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	61,839	51,385
30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	18,575	10,911
90 Days or Greater
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	43,264	40,474
Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	2,698,296	2,706,096
Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	2,120,947	2,041,601
Recorded Investment 90 Days Accruing	14,600	14,835
Real Estate | Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	44,912	40,614
Real Estate | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	10,384	7,151
Real Estate | 90 Days or Greater
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	34,528	33,463
Real Estate | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	2,076,035	2,000,987
Real Estate | Construction & land development
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	328,090	399,435
Recorded Investment 90 Days Accruing	0	0
Real Estate | Construction & land development | Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	2,273	1,811
Real Estate | Construction & land development | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	1,675	1,281
Real Estate | Construction & land development | 90 Days or Greater
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	598	530
Real Estate | Construction & land development | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	325,817	397,624
Real Estate | Farmland
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	37,534	32,530
Recorded Investment 90 Days Accruing	0	0
Real Estate | Farmland | Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	991	933
Real Estate | Farmland | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	88	97
Real Estate | Farmland | 90 Days or Greater
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	903	836
Real Estate | Farmland | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	36,543	31,597
Real Estate | 1- 4 family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	456,659	444,850
Recorded Investment 90 Days Accruing	0	124
Real Estate | 1- 4 family | Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	13,278	11,038
Real Estate | 1- 4 family | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	5,121	3,929
Real Estate | 1- 4 family | 90 Days or Greater
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	8,157	7,109
Real Estate | 1- 4 family | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	443,381	433,812
Real Estate | Multifamily
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	165,148	118,921
Recorded Investment 90 Days Accruing	0	0
Real Estate | Multifamily | Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	537	1,361
Real Estate | Multifamily | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	0	824
Real Estate | Multifamily | 90 Days or Greater
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	537	537
Real Estate | Multifamily | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	164,611	117,560
Real Estate | Non-farm non-residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	1,133,516	1,045,865
Recorded Investment 90 Days Accruing	14,600	14,711
Real Estate | Non-farm non-residential | Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	27,833	25,471
Real Estate | Non-farm non-residential | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	3,500	1,020
Real Estate | Non-farm non-residential | 90 Days or Greater
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	24,333	24,451
Real Estate | Non-farm non-residential | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	1,105,683	1,020,394
Non-Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	639,188	715,880
Recorded Investment 90 Days Accruing	58	452
Non-Real Estate | Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	16,927	10,771
Non-Real Estate | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	8,191	3,760
Non-Real Estate | 90 Days or Greater
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	8,736	7,011
Non-Real Estate | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	622,261	705,109
Non-Real Estate | Agricultural
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	43,422	41,008
Recorded Investment 90 Days Accruing	58	57
Non-Real Estate | Agricultural | Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	1,950	1,666
Non-Real Estate | Agricultural | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	234	240
Non-Real Estate | Agricultural | 90 Days or Greater
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	1,716	1,426
Non-Real Estate | Agricultural | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	41,472	39,342
Non-Real Estate | Commercial and industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	293,292	334,972
Recorded Investment 90 Days Accruing	0	395
Non-Real Estate | Commercial and industrial | Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	9,998	4,459
Non-Real Estate | Commercial and industrial | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	5,307	2,483
Non-Real Estate | Commercial and industrial | 90 Days or Greater
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	4,691	1,976
Non-Real Estate | Commercial and industrial | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	283,294	330,513
Non-Real Estate | Commercial leases
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	253,016	285,415
Recorded Investment 90 Days Accruing	0	0
Non-Real Estate | Commercial leases | Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	3,632	1,799
Non-Real Estate | Commercial leases | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	1,833	0
Non-Real Estate | Commercial leases | 90 Days or Greater
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	1,799	1,799
Non-Real Estate | Commercial leases | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	249,384	283,616
Non-Real Estate | Consumer and other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	49,458	54,485
Recorded Investment 90 Days Accruing	0	0
Non-Real Estate | Consumer and other | Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	1,347	2,847
Non-Real Estate | Consumer and other | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	817	1,037
Non-Real Estate | Consumer and other | 90 Days or Greater
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	530	1,810
Non-Real Estate | Consumer and other | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	$ 48,111	$ 51,638

Loans - Nonaccrual Loans (Detai

Loans - Nonaccrual Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Summary of nonaccrual loans by class [Abstract]
With Related Allowance	$ 23,556	$ 18,978
Without Related Allowance	5,050	6,209
Total	28,606	25,187
Real Estate
Summary of nonaccrual loans by class [Abstract]
With Related Allowance	17,008	15,188
Without Related Allowance	2,920	3,440
Total	19,928	18,628
Real Estate | Construction & land development
Summary of nonaccrual loans by class [Abstract]
With Related Allowance	598	530
Without Related Allowance	0	0
Total	598	530
Real Estate | Farmland
Summary of nonaccrual loans by class [Abstract]
With Related Allowance	502	511
Without Related Allowance	401	325
Total	903	836
Real Estate | 1- 4 family
Summary of nonaccrual loans by class [Abstract]
With Related Allowance	7,051	5,417
Without Related Allowance	1,106	1,568
Total	8,157	6,985
Real Estate | Multifamily
Summary of nonaccrual loans by class [Abstract]
With Related Allowance	0	0
Without Related Allowance	537	537
Total	537	537
Real Estate | Non-farm non-residential
Summary of nonaccrual loans by class [Abstract]
With Related Allowance	8,857	8,730
Without Related Allowance	876	1,010
Total	9,733	9,740
Non-Real Estate
Summary of nonaccrual loans by class [Abstract]
With Related Allowance	6,548	3,790
Without Related Allowance	2,130	2,769
Total	8,678	6,559
Non-Real Estate | Agricultural
Summary of nonaccrual loans by class [Abstract]
With Related Allowance	1,327	399
Without Related Allowance	331	970
Total	1,658	1,369
Non-Real Estate | Commercial and industrial
Summary of nonaccrual loans by class [Abstract]
With Related Allowance	4,691	1,581
Without Related Allowance	0	0
Total	4,691	1,581
Non-Real Estate | Commercial leases
Summary of nonaccrual loans by class [Abstract]
With Related Allowance	0	0
Without Related Allowance	1,799	1,799
Total	1,799	1,799
Non-Real Estate | Consumer and other
Summary of nonaccrual loans by class [Abstract]
With Related Allowance	530	1,810
Without Related Allowance	0	0
Total	$ 530	$ 1,810

Loans - Credit Exposure of Port

Loans - Credit Exposure of Portfolio (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Year one	$ 75,769		$ 571,635
Year two	577,646		785,667
Year three	768,123		428,341
Year four	419,575		226,793
Year five	212,201		135,490
Prior	491,740		385,950
Revolving Loans	215,081		223,605
Total Loans before Unearned Income	2,760,135		2,757,481
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
Year one	65		627
Year two	566		1,917
Year three	658		953
Year four	485		1,029
Year five	383		28
Prior	128		1,217
Revolving Loans	0		0
Total	2,285	$ 973	5,771
Unearned income	(7,905)		(8,773)
Total loans net of unearned income	2,752,230		2,748,708
Pass
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Year one	73,550		568,228
Year two	572,862		743,019
Year three	736,921		392,315
Year four	384,712		217,245
Year five	203,264		116,225
Prior	447,404		358,286
Revolving Loans	206,288		213,596
Total Loans before Unearned Income	2,625,001		2,608,914
Special Mention
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Year one	2,219		2,903
Year two	4,286		16,806
Year three	3,940		8,167
Year four	5,375		2,760
Year five	3,694		16,726
Prior	23,245		8,517
Revolving Loans	2,163		2,839
Total Loans before Unearned Income	44,922		58,718
Substandard
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Year one	0		504
Year two	498		25,681
Year three	27,101		27,343
Year four	29,397		6,643
Year five	5,177		2,298
Prior	20,549		18,768
Revolving Loans	6,513		7,053
Total Loans before Unearned Income	89,235		88,290
Doubtful
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Year one	0		0
Year two	0		161
Year three	161		516
Year four	91		145
Year five	66		241
Prior	542		379
Revolving Loans	117		117
Total Loans before Unearned Income	977		1,559
Real Estate
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Year one	63,609		431,954
Year two	457,804		605,807
Year three	614,429		295,096
Year four	298,224		158,082
Year five	154,502		123,117
Prior	442,478		341,060
Revolving Loans	89,901		86,485
Total Loans before Unearned Income	2,120,947		2,041,601
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
Total	41	171
Real Estate | Construction & land development
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Year one	21,005		135,316
Year two	142,265		142,402
Year three	117,248		76,603
Year four	17,802		3,632
Year five	2,602		8,717
Prior	9,460		13,858
Revolving Loans	17,708		18,907
Total Loans before Unearned Income	328,090		399,435
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
Year one	0		0
Year two	0		0
Year three	0		0
Year four	0		0
Year five	0		0
Prior	0		0
Revolving Loans	0		0
Total	0	0	0
Real Estate | Construction & land development | Pass
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Year one	21,005		134,527
Year two	141,694		140,068
Year three	115,445		75,884
Year four	17,090		3,369
Year five	2,256		8,533
Prior	6,924		11,940
Revolving Loans	17,708		18,907
Total Loans before Unearned Income	322,122		393,228
Real Estate | Construction & land development | Special Mention
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Year one	0		789
Year two	571		1,579
Year three	1,115		170
Year four	167		0
Year five	83		90
Prior	1,268		250
Revolving Loans	0		0
Total Loans before Unearned Income	3,204		2,878
Real Estate | Construction & land development | Substandard
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Year one	0		0
Year two	0		716
Year three	649		458
Year four	454		263
Year five	263		94
Prior	1,267		1,668
Revolving Loans	0		0
Total Loans before Unearned Income	2,633		3,199
Real Estate | Construction & land development | Doubtful
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Year one	0		0
Year two	0		39
Year three	39		91
Year four	91		0
Year five	0		0
Prior	1		0
Revolving Loans	0		0
Total Loans before Unearned Income	131		130
Real Estate | Farmland
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Year one	247		9,513
Year two	12,615		4,477
Year three	4,457		4,709
Year four	6,018		6,159
Year five	6,041		368
Prior	4,804		3,742
Revolving Loans	3,352		3,562
Total Loans before Unearned Income	37,534		32,530
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
Year one	0		0
Year two	0		0
Year three	0		0
Year four	0		0
Year five	0		0
Prior	0		0
Revolving Loans	0		0
Total	0	0	0
Real Estate | Farmland | Pass
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Year one	247		9,513
Year two	12,615		4,032
Year three	4,018		3,340
Year four	3,316		1,768
Year five	1,727		253
Prior	3,690		2,730
Revolving Loans	3,307		2,162
Total Loans before Unearned Income	28,920		23,798
Real Estate | Farmland | Special Mention
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Year one	0		0
Year two	0		194
Year three	225		0
Year four	0		514
Year five	1,780		0
Prior	469		359
Revolving Loans	0		0
Total Loans before Unearned Income	2,474		1,067
Real Estate | Farmland | Substandard
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Year one	0		0
Year two	0		251
Year three	214		1,369
Year four	2,702		3,877
Year five	2,534		115
Prior	645		653
Revolving Loans	0		1,355
Total Loans before Unearned Income	6,095		7,620
Real Estate | Farmland | Doubtful
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Year one	0		0
Year two	0		0
Year three	0		0
Year four	0		0
Year five	0		0
Prior	0		0
Revolving Loans	45		45
Total Loans before Unearned Income	45		45
Real Estate | 1- 4 family
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Year one	15,239		113,991
Year two	113,901		116,230
Year three	116,145		77,107
Year four	75,802		44,667
Year five	43,407		22,512
Prior	72,809		51,616
Revolving Loans	19,356		18,727
Total Loans before Unearned Income	456,659		444,850
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
Year one	0		0
Year two	0		0
Year three	0		0
Year four	0		0
Year five	0		0
Prior	41		964
Revolving Loans	0		0
Total	41	33	964
Real Estate | 1- 4 family | Pass
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Year one	15,239		112,636
Year two	112,290		110,978
Year three	111,489		70,599
Year four	69,718		41,766
Year five	40,707		19,542
Prior	65,440		47,374
Revolving Loans	17,704		17,215
Total Loans before Unearned Income	432,587		420,110
Real Estate | 1- 4 family | Special Mention
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Year one	0		1,307
Year two	1,536		2,505
Year three	2,054		749
Year four	448		1,544
Year five	1,102		775
Prior	1,913		997
Revolving Loans	432		667
Total Loans before Unearned Income	7,485		8,544
Real Estate | 1- 4 family | Substandard
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Year one	0		48
Year two	75		2,625
Year three	2,480		5,368
Year four	5,636		1,357
Year five	1,598		1,956
Prior	5,132		3,086
Revolving Loans	1,148		773
Total Loans before Unearned Income	16,069		15,213
Real Estate | 1- 4 family | Doubtful
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Year one	0		0
Year two	0		122
Year three	122		391
Year four	0		0
Year five	0		239
Prior	324		159
Revolving Loans	72		72
Total Loans before Unearned Income	518		983
Real Estate | Multifamily
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Year one	450		9,945
Year two	8,363		76,217
Year three	85,006		6,121
Year four	45,822		15,131
Year five	14,993		1,877
Prior	4,637		4,496
Revolving Loans	5,877		5,134
Total Loans before Unearned Income	165,148		118,921
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
Year one	0		0
Year two	0		0
Year three	0		0
Year four	0		0
Year five	0		0
Prior	0		0
Revolving Loans	0		0
Total	0	0	0
Real Estate | Multifamily | Pass
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Year one	450		9,945
Year two	8,363		76,217
Year three	85,006		6,121
Year four	45,822		15,131
Year five	14,993		1,877
Prior	1,505		2,311
Revolving Loans	5,854		5,110
Total Loans before Unearned Income	161,993		116,712
Real Estate | Multifamily | Special Mention
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Year one	0		0
Year two	0		0
Year three	0		0
Year four	0		0
Year five	0		0
Prior	2,595		1,648
Revolving Loans	23		24
Total Loans before Unearned Income	2,618		1,672
Real Estate | Multifamily | Substandard
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Year one	0		0
Year two	0		0
Year three	0		0
Year four	0		0
Year five	0		0
Prior	537		537
Revolving Loans	0		0
Total Loans before Unearned Income	537		537
Real Estate | Multifamily | Doubtful
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Year one	0		0
Year two	0		0
Year three	0		0
Year four	0		0
Year five	0		0
Prior	0		0
Revolving Loans	0		0
Total Loans before Unearned Income	0		0
Real Estate | Non-farm non-residential
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Year one	26,668		163,189
Year two	180,660		266,481
Year three	291,573		130,556
Year four	152,780		88,493
Year five	87,459		89,643
Prior	350,768		267,348
Revolving Loans	43,608		40,155
Total Loans before Unearned Income	1,133,516		1,045,865
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
Year one	0		0
Year two	0		0
Year three	0		0
Year four	0		138
Year five	0		0
Prior	0		0
Revolving Loans	0		0
Total	0	138	138
Real Estate | Non-farm non-residential | Pass
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Year one	24,449		162,234
Year two	178,389		247,182
Year three	272,000		111,054
Year four	133,283		88,039
Year five	87,002		73,797
Prior	327,818		256,032
Revolving Loans	37,365		33,907
Total Loans before Unearned Income	1,060,306		972,245
Real Estate | Non-farm non-residential | Special Mention
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Year one	2,219		708
Year two	2,025		369
Year three	363		1,014
Year four	131		388
Year five	391		15,846
Prior	16,911		5,191
Revolving Loans	1,040		1,525
Total Loans before Unearned Income	23,080		25,041
Real Estate | Non-farm non-residential | Substandard
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Year one	0		247
Year two	246		18,930
Year three	19,210		18,488
Year four	19,366		0
Year five	0		0
Prior	6,039		6,125
Revolving Loans	5,203		4,723
Total Loans before Unearned Income	50,064		48,513
Real Estate | Non-farm non-residential | Doubtful
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Year one	0		0
Year two	0		0
Year three	0		0
Year four	0		66
Year five	66		0
Prior	0		0
Revolving Loans	0		0
Total Loans before Unearned Income	66		66
Non-Real Estate
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Year one	12,160		139,681
Year two	119,842		179,860
Year three	153,694		133,245
Year four	121,351		68,711
Year five	57,699		12,373
Prior	49,262		44,890
Revolving Loans	125,180		137,120
Total Loans before Unearned Income	639,188		715,880
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
Total	2,244	802
Non-Real Estate | Agricultural
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Year one	1,118		2,555
Year two	2,786		10,510
Year three	10,235		3,834
Year four	3,759		1,696
Year five	1,656		1,552
Prior	5,711		4,520
Revolving Loans	18,157		16,341
Total Loans before Unearned Income	43,422		41,008
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
Year one	0		0
Year two	0		0
Year three	0		0
Year four	33		0
Year five	0		0
Prior	0		0
Revolving Loans	0		0
Total	33	0	0
Non-Real Estate | Agricultural | Pass
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Year one	1,118		2,555
Year two	2,758		10,406
Year three	10,202		3,142
Year four	3,067		1,336
Year five	1,303		1,532
Prior	3,572		2,378
Revolving Loans	18,034		16,259
Total Loans before Unearned Income	40,054		37,608
Non-Real Estate | Agricultural | Special Mention
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Year one	0		0
Year two	28		104
Year three	33		0
Year four	0		81
Year five	156		0
Prior	0		0
Revolving Loans	66		25
Total Loans before Unearned Income	283		210
Non-Real Estate | Agricultural | Substandard
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Year one	0		0
Year two	0		0
Year three	0		692
Year four	692		279
Year five	197		20
Prior	2,104		2,100
Revolving Loans	57		57
Total Loans before Unearned Income	3,050		3,148
Non-Real Estate | Agricultural | Doubtful
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Year one	0		0
Year two	0		0
Year three	0		0
Year four	0		0
Year five	0		0
Prior	35		42
Revolving Loans	0		0
Total Loans before Unearned Income	35		42
Non-Real Estate | Commercial and industrial
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Year one	2,615		41,213
Year two	34,105		28,120
Year three	19,183		52,657
Year four	50,046		54,333
Year five	44,752		5,640
Prior	35,568		32,380
Revolving Loans	107,023		120,629
Total Loans before Unearned Income	293,292		334,972
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
Year one	0		29
Year two	220		791
Year three	124		133
Year four	75		532
Year five	182		0
Prior	26		209
Revolving Loans	0		0
Total	627	44	1,694
Non-Real Estate | Commercial and industrial | Pass
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Year one	2,615		41,105
Year two	33,965		27,800
Year three	18,801		48,097
Year four	45,407		53,585
Year five	44,138		5,613
Prior	30,617		27,634
Revolving Loans	106,316		119,886
Total Loans before Unearned Income	281,859		323,720
Non-Real Estate | Commercial and industrial | Special Mention
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Year one	0		63
Year two	95		37
Year three	46		4,382
Year four	4,444		146
Year five	117		0
Prior	62		53
Revolving Loans	602		598
Total Loans before Unearned Income	5,366		5,279
Non-Real Estate | Commercial and industrial | Substandard
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Year one	0		45
Year two	45		283
Year three	336		178
Year four	195		602
Year five	497		27
Prior	4,722		4,531
Revolving Loans	105		145
Total Loans before Unearned Income	5,900		5,811
Non-Real Estate | Commercial and industrial | Doubtful
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Year one	0		0
Year two	0		0
Year three	0		0
Year four	0		0
Year five	0		0
Prior	167		162
Revolving Loans	0		0
Total Loans before Unearned Income	167		162
Non-Real Estate | Commercial leases
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Year one	5,575		74,456
Year two	63,385		131,232
Year three	116,204		69,212
Year four	61,468		6,087
Year five	5,440		4,428
Prior	944		0
Revolving Loans	0		0
Total Loans before Unearned Income	253,016		285,415
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
Year one	0		0
Year two	0		0
Year three	0		0
Year four	0		0
Year five	0		0
Prior	0		0
Revolving Loans	0		0
Total	0	0	0
Non-Real Estate | Commercial leases | Pass
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Year one	5,575		74,456
Year two	63,385		117,566
Year three	112,573		67,615
Year four	61,468		6,087
Year five	5,440		4,428
Prior	944		0
Revolving Loans	0		0
Total Loans before Unearned Income	249,385		270,152
Non-Real Estate | Commercial leases | Special Mention
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Year one	0		0
Year two	0		11,867
Year three	0		1,597
Year four	0		0
Year five	0		0
Prior	0		0
Revolving Loans	0		0
Total Loans before Unearned Income	0		13,464
Non-Real Estate | Commercial leases | Substandard
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Year one	0		0
Year two	0		1,799
Year three	3,631		0
Year four	0		0
Year five	0		0
Prior	0		0
Revolving Loans	0		0
Total Loans before Unearned Income	3,631		1,799
Non-Real Estate | Commercial leases | Doubtful
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Year one	0		0
Year two	0		0
Year three	0		0
Year four	0		0
Year five	0		0
Prior	0		0
Revolving Loans	0		0
Total Loans before Unearned Income	0		0
Non-Real Estate | Consumer and other
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Year one	2,852		21,457
Year two	19,566		9,998
Year three	8,072		7,542
Year four	6,078		6,595
Year five	5,851		753
Prior	7,039		7,990
Revolving Loans	0		150
Total Loans before Unearned Income	49,458		54,485
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
Year one	65		598
Year two	346		1,126
Year three	534		820
Year four	377		359
Year five	201		28
Prior	61		44
Revolving Loans	0		0
Total	1,584	$ 758	2,975
Non-Real Estate | Consumer and other | Pass
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Year one	2,852		21,257
Year two	19,403		8,770
Year three	7,387		6,463
Year four	5,541		6,164
Year five	5,698		650
Prior	6,894		7,887
Revolving Loans	0		150
Total Loans before Unearned Income	47,775		51,341
Non-Real Estate | Consumer and other | Special Mention
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Year one	0		36
Year two	31		151
Year three	104		255
Year four	185		87
Year five	65		15
Prior	27		19
Revolving Loans	0		0
Total Loans before Unearned Income	412		563
Non-Real Estate | Consumer and other | Substandard
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Year one	0		164
Year two	132		1,077
Year three	581		790
Year four	352		265
Year five	88		86
Prior	103		68
Revolving Loans	0		0
Total Loans before Unearned Income	1,256		2,450
Non-Real Estate | Consumer and other | Doubtful
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Year one	0		0
Year two	0		0
Year three	0		34
Year four	0		79
Year five	0		2
Prior	15		16
Revolving Loans	0		0
Total Loans before Unearned Income	$ 15		$ 131

Allowance for Credit Losses o_3

Allowance for Credit Losses on Loans - Summary of Changes in Allowance for Loan Losses, by Portfolio Type (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Allowance for Loan and Lease Losses [Roll Forward]
Beginning allowance	$ 30,926	$ 23,518	$ 23,518
ASC 326 Adoption Day 1 Adjustment		8,120
Charge-offs	(2,285)	(973)	(5,771)
Recoveries	255	489
Provision	2,554	314
Ending allowance	31,450	31,468	30,926
Real Estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning allowance	24,744	13,102	13,102
ASC 326 Adoption Day 1 Adjustment		7,042
Charge-offs	(41)	(171)
Recoveries	12	37
Provision	(134)	1,781
Ending allowance	24,581	21,791	24,744
Real Estate | Construction & land development
Allowance for Loan and Lease Losses [Roll Forward]
Beginning allowance	5,845	1,232	1,232
ASC 326 Adoption Day 1 Adjustment		1,891
Charge-offs	0	0	0
Recoveries	1	0
Provision	(1,016)	779
Ending allowance	4,830	3,902	5,845
Real Estate | Farmland
Allowance for Loan and Lease Losses [Roll Forward]
Beginning allowance	36	83	83
ASC 326 Adoption Day 1 Adjustment		(39)
Charge-offs	0	0	0
Recoveries	0	0
Provision	27	(6)
Ending allowance	63	38	36
Real Estate | 1- 4 family
Allowance for Loan and Lease Losses [Roll Forward]
Beginning allowance	6,653	1,761	1,761
ASC 326 Adoption Day 1 Adjustment		3,465
Charge-offs	(41)	(33)	(964)
Recoveries	3	3
Provision	(20)	253
Ending allowance	6,595	5,449	6,653
Real Estate | Multifamily
Allowance for Loan and Lease Losses [Roll Forward]
Beginning allowance	1,614	746	746
ASC 326 Adoption Day 1 Adjustment		1,418
Charge-offs	0	0	0
Recoveries	0	0
Provision	163	194
Ending allowance	1,777	2,358	1,614
Real Estate | Non-farm non-residential
Allowance for Loan and Lease Losses [Roll Forward]
Beginning allowance	10,596	9,280	9,280
ASC 326 Adoption Day 1 Adjustment		307
Charge-offs	0	(138)	(138)
Recoveries	8	34
Provision	712	561
Ending allowance	11,316	10,044	10,596
Non-Real Estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning allowance	6,182	10,416	10,416
ASC 326 Adoption Day 1 Adjustment		1,078
Charge-offs	(2,244)	(802)
Recoveries	243	452
Provision	2,688	(1,467)
Ending allowance	6,869	9,677	6,182
Non-Real Estate | Agricultural
Allowance for Loan and Lease Losses [Roll Forward]
Beginning allowance	97	240	240
ASC 326 Adoption Day 1 Adjustment		(98)
Charge-offs	(33)	0	0
Recoveries	10	167
Provision	46	(166)
Ending allowance	120	143	97
Non-Real Estate | Commercial and industrial
Allowance for Loan and Lease Losses [Roll Forward]
Beginning allowance	2,711	2,194	2,194
ASC 326 Adoption Day 1 Adjustment		2,971
Charge-offs	(627)	(44)	(1,694)
Recoveries	115	154
Provision	1,684	(1,021)
Ending allowance	3,883	4,254	2,711
Non-Real Estate | Commercial leases
Allowance for Loan and Lease Losses [Roll Forward]
Beginning allowance	1,948	4,879	4,879
ASC 326 Adoption Day 1 Adjustment		(162)
Charge-offs	0	0	0
Recoveries	0	0
Provision	(564)	(2,280)
Ending allowance	1,384	2,437	1,948
Non-Real Estate | Consumer and other
Allowance for Loan and Lease Losses [Roll Forward]
Beginning allowance	1,426	2,506	2,506
ASC 326 Adoption Day 1 Adjustment		(1,042)
Charge-offs	(1,584)	(758)	(2,975)
Recoveries	118	131
Provision	1,522	860
Ending allowance	1,482	1,697	1,426
Non-Real Estate | Unallocated
Allowance for Loan and Lease Losses [Roll Forward]
Beginning allowance	0	597	597
ASC 326 Adoption Day 1 Adjustment		(591)
Charge-offs	0	0
Recoveries	0	0
Provision	0	1,140
Ending allowance	$ 0	$ 1,146	$ 0

Allowance for Credit Losses o_4

Allowance for Credit Losses on Loans - Schedule of Allowance and Loans Individually and Collectively Evaluated for Impairment (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract]
Allowance Individually Evaluated	$ 6,331	$ 4,122
Allowance Collectively Evaluated	25,119	26,804
Total Allowance for Credit Losses	31,450	30,926	$ 31,468	$ 23,518
Loans Individually Evaluated	66,807	66,962
Loans Collectively Evaluated	2,693,328	2,690,519
Total Loans before Unearned Income	2,760,135	2,757,481
Unearned Income	(7,905)	(8,773)
Total loans net of unearned income	2,752,230	2,748,708
Real Estate
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract]
Allowance Individually Evaluated	3,833	3,363
Allowance Collectively Evaluated	20,748	21,381
Total Allowance for Credit Losses	24,581	24,744	21,791	13,102
Loans Individually Evaluated	57,993	59,233
Loans Collectively Evaluated	2,062,954	1,982,368
Total Loans before Unearned Income	2,120,947	2,041,601
Real Estate | Construction & land development
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract]
Allowance Individually Evaluated	0	0
Allowance Collectively Evaluated	4,830	5,845
Total Allowance for Credit Losses	4,830	5,845	3,902	1,232
Loans Individually Evaluated	1,267	1,389
Loans Collectively Evaluated	326,823	398,046
Total Loans before Unearned Income	328,090	399,435
Real Estate | Farmland
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract]
Allowance Individually Evaluated	0	0
Allowance Collectively Evaluated	63	36
Total Allowance for Credit Losses	63	36	38	83
Loans Individually Evaluated	5,638	5,670
Loans Collectively Evaluated	31,896	26,860
Total Loans before Unearned Income	37,534	32,530
Real Estate | 1- 4 family
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract]
Allowance Individually Evaluated	471	316
Allowance Collectively Evaluated	6,124	6,337
Total Allowance for Credit Losses	6,595	6,653	5,449	1,761
Loans Individually Evaluated	4,316	5,066
Loans Collectively Evaluated	452,343	439,784
Total Loans before Unearned Income	456,659	444,850
Real Estate | Multifamily
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract]
Allowance Individually Evaluated	0	0
Allowance Collectively Evaluated	1,777	1,614
Total Allowance for Credit Losses	1,777	1,614	2,358	746
Loans Individually Evaluated	537	537
Loans Collectively Evaluated	164,611	118,384
Total Loans before Unearned Income	165,148	118,921
Real Estate | Non-farm non-residential
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract]
Allowance Individually Evaluated	3,362	3,047
Allowance Collectively Evaluated	7,954	7,549
Total Allowance for Credit Losses	11,316	10,596	10,044	9,280
Loans Individually Evaluated	46,235	46,571
Loans Collectively Evaluated	1,087,281	999,294
Total Loans before Unearned Income	1,133,516	1,045,865
Non-Real Estate
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract]
Allowance Individually Evaluated	2,498	759
Allowance Collectively Evaluated	4,371	5,423
Total Allowance for Credit Losses	6,869	6,182	9,677	10,416
Loans Individually Evaluated	8,814	7,729
Loans Collectively Evaluated	630,374	708,151
Total Loans before Unearned Income	639,188	715,880
Non-Real Estate | Agricultural
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract]
Allowance Individually Evaluated	15	1
Allowance Collectively Evaluated	105	96
Total Allowance for Credit Losses	120	97	143	240
Loans Individually Evaluated	1,466	1,466
Loans Collectively Evaluated	41,956	39,542
Total Loans before Unearned Income	43,422	41,008
Non-Real Estate | Commercial and industrial
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract]
Allowance Individually Evaluated	2,483	758
Allowance Collectively Evaluated	1,400	1,953
Total Allowance for Credit Losses	3,883	2,711	4,254	2,194
Loans Individually Evaluated	3,717	4,464
Loans Collectively Evaluated	289,575	330,508
Total Loans before Unearned Income	293,292	334,972
Non-Real Estate | Commercial leases
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract]
Allowance Individually Evaluated	0	0
Allowance Collectively Evaluated	1,384	1,948
Total Allowance for Credit Losses	1,384	1,948	2,437	4,879
Loans Individually Evaluated	3,631	1,799
Loans Collectively Evaluated	249,385	283,616
Total Loans before Unearned Income	253,016	285,415
Non-Real Estate | Consumer and other
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract]
Allowance Individually Evaluated	0	0
Allowance Collectively Evaluated	1,482	1,426
Total Allowance for Credit Losses	1,482	1,426	1,697	2,506
Loans Individually Evaluated	0	0
Loans Collectively Evaluated	49,458	54,485
Total Loans before Unearned Income	49,458	54,485
Non-Real Estate | Unallocated
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract]
Allowance Individually Evaluated	0	0
Allowance Collectively Evaluated	0	0
Total Allowance for Credit Losses	0	0	$ 1,146	$ 597
Loans Individually Evaluated	0	0
Loans Collectively Evaluated	0	0
Total Loans before Unearned Income	$ 0	$ 0

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 12,900,000	$ 12,900,000
Impairment charges recognized on the company's intangible assets	0
Loan servicing assets	$ 500,000	$ 500,000
Core Deposits
Finite-Lived Intangible Assets [Line Items]
Weighted-average amortization period	5 years

Other Real Estate (ORE) - Sched

Other Real Estate (ORE) - Schedule of Other Real Estate Owned (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Real Estate Owned Acquired by Foreclosure
Total Other Real Estate Owned and Foreclosed Property	$ 1,284	$ 1,250
Allowance for Other Real Estate Owned losses	0	0
Net Other Real Estate Owned and Foreclosed Property	1,284	1,250
Residential
Real Estate Owned Acquired by Foreclosure
Total Other Real Estate Owned and Foreclosed Property	312	309
Construction & land development
Real Estate Owned Acquired by Foreclosure
Total Other Real Estate Owned and Foreclosed Property	282	251
Non-farm non-residential
Real Estate Owned Acquired by Foreclosure
Total Other Real Estate Owned and Foreclosed Property	$ 690	$ 690

Other Real Estate (ORE) - Narra

Other Real Estate (ORE) - Narrative (Details) $ in Millions	Mar. 31, 2024 USD ($)
Real Estate | 1- 4 family
Real Estate [Line Items]
Loans in process of foreclosure	$ 1.3

Commitments and Contingencies -

Commitments and Contingencies - Notional Amounts of Financial Instruments with Off-Balance Sheet Risk (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Commitments to Extend Credit
Off-balance sheet commitments [Abstract]
Notional value	$ 257,034	$ 304,218
Unfunded Commitments under lines of credit
Off-balance sheet commitments [Abstract]
Notional value	203,631	214,546
Commercial and Standby letters of credit
Off-balance sheet commitments [Abstract]
Notional value	$ 14,544	$ 13,971

Commitments and Contingencies_2

Commitments and Contingencies - Narrative (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Sep. 30, 2021	Dec. 31, 2023
Loss Contingencies [Line Items]
Off-balance-sheet, credit loss, liability	$ 2,600,000		$ 2,800,000
Case Settled in the Third Quarter of 2021
Loss Contingencies [Line Items]
Litigation settlement, amount		$ 1,100,000
Insurance coverage receivable		$ 900,000
Minimum | Lawsuit Alleging Fault For a Loss Of Funds
Loss Contingencies [Line Items]
Lawsuit alleging fault for a loss of funds with possible loss	0
Maximum | Lawsuit Alleging Fault For a Loss Of Funds
Loss Contingencies [Line Items]
Lawsuit alleging fault for a loss of funds with possible loss	1,500,000
Loss contingency, accrued	0
Unfunded Commitments under lines of credit
Loss Contingencies [Line Items]
Financing receivable, credit loss, reversal	$ 300,000

Fair Value Measurements - Asset

Fair Value Measurements - Assets Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities, available for sale	$ 37,752	$ 83,485
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities, available for sale	37,752	83,485
Fair Value, Measurements, Recurring | Level 1: Quoted Prices in Active Markets For Identical Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities, available for sale	0	49,830
Fair Value, Measurements, Recurring | Level 2: Significant Other Observable Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities, available for sale	27,530	23,172
Fair Value, Measurements, Recurring | Level 3: Significant Unobservable Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities, available for sale	$ 10,222	$ 10,483

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2024 USD ($)
Fair Value, Measurements, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Decrease in available for sale securities	$ 49.8

Fair Value Measurements - Unobs

Fair Value Measurements - Unobservable Input Reconciliation (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
Level 3 Changes
Balance, beginning of year	$ 10,483
Total gains or losses (realized/unrealized):
Included in earnings	0
Included in other comprehensive income	69
Purchases, sales, issuances and settlements, net	(330)
Transfers in and/or out of Level 3	0
Balance as of end of period	$ 10,222

Fair Value Measurements - Nonre

Fair Value Measurements - Nonrecurring (Details) - Fair Value, Measurements, Nonrecurring - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans individually evaluated for impairment measured at fair value	$ 6,600	$ 8,083
Other real estate owned measured at fair value	1,284	1,250
Level 1: Quoted Prices in Active Markets For Identical Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans individually evaluated for impairment measured at fair value	0	0
Other real estate owned measured at fair value	0	0
Level 2: Significant Other Observable Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans individually evaluated for impairment measured at fair value	0	0
Other real estate owned measured at fair value	1,284	1,250
Level 3: Significant Unobservable Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans individually evaluated for impairment measured at fair value	6,600	8,083
Other real estate owned measured at fair value	$ 0	$ 0

Financial Instruments (Details)

Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets
Securities, available for sale	$ 37,752	$ 83,485
Securities, held for maturity	251,627	253,584
Carrying Amount
Assets
Federal funds sold	465	341
Securities, available for sale	37,752	83,485
Securities, held for maturity	320,901	320,638
Loans held for sale	0
Loans, net	2,720,780	2,717,782
Cash surrender value of BOLI	5,898	5,861
Accrued interest receivable	17,339	15,713
Liabilities
Deposits	3,063,876	3,009,094
Short-term advances from Federal Home Loan Bank	0	50,000
Short-term borrowings	0	10,000
Repurchase agreements	6,834	6,297
Accrued interest payable	10,182	11,807
Long-term advances from Federal Home Loan Bank	155,000	155,000
Senior long-term debt	18,102	39,099
Junior subordinated debentures	44,700	15,000
Carrying Amount | Cash and due from banks
Assets
Cash and due from banks	331,592	286,114
Fair Value Measurements
Assets
Federal funds sold	465	341
Securities, available for sale	37,752	83,485
Securities, held for maturity	251,627	253,584
Loans held for sale	0
Loans, net	2,572,245	2,581,979
Cash surrender value of BOLI	5,898	5,861
Accrued interest receivable	17,339	15,713
Liabilities
Deposits	3,069,935	3,001,498
Short-term advances from Federal Home Loan Bank	0	50,000
Short-term borrowings	0	10,000
Repurchase agreements	6,738	6,285
Accrued interest payable	10,182	11,807
Long-term advances from Federal Home Loan Bank	152,481	152,299
Senior long-term debt	18,297	39,304
Junior subordinated debentures	44,700	15,000
Fair Value Measurements | Cash and due from banks
Assets
Cash and due from banks	331,592	286,114
Fair Value Measurements | Level 1
Assets
Federal funds sold	465	341
Securities, available for sale	0	49,830
Securities, held for maturity	0	0
Loans held for sale	0
Loans, net	0	0
Cash surrender value of BOLI	0	0
Accrued interest receivable	0	0
Liabilities
Deposits	0	0
Short-term advances from Federal Home Loan Bank		0
Short-term borrowings	0	0
Repurchase agreements	0	0
Accrued interest payable	0	0
Long-term advances from Federal Home Loan Bank	0	0
Senior long-term debt	0	0
Junior subordinated debentures	0	0
Fair Value Measurements | Level 1 | Cash and due from banks
Assets
Cash and due from banks	331,592	286,114
Fair Value Measurements | Level 2
Assets
Federal funds sold	0	0
Securities, available for sale	27,530	23,172
Securities, held for maturity	251,627	253,584
Loans held for sale	0
Loans, net	0	0
Cash surrender value of BOLI	0	0
Accrued interest receivable	0	0
Liabilities
Deposits	0	0
Short-term advances from Federal Home Loan Bank		0
Short-term borrowings	0	0
Repurchase agreements	0	0
Accrued interest payable	0	0
Long-term advances from Federal Home Loan Bank	0	0
Senior long-term debt	0	0
Junior subordinated debentures	0	0
Fair Value Measurements | Level 2 | Cash and due from banks
Assets
Cash and due from banks	0	0
Fair Value Measurements | Level 3
Assets
Federal funds sold	0	0
Securities, available for sale	10,222	10,483
Securities, held for maturity	0	0
Loans held for sale	0
Loans, net	2,572,245	2,581,979
Cash surrender value of BOLI	5,898	5,861
Accrued interest receivable	17,339	15,713
Liabilities
Deposits	3,069,935	3,001,498
Short-term advances from Federal Home Loan Bank	0	50,000
Short-term borrowings	0	10,000
Repurchase agreements	6,738	6,285
Accrued interest payable	10,182	11,807
Long-term advances from Federal Home Loan Bank	152,481	152,299
Senior long-term debt	18,297	39,304
Junior subordinated debentures	44,700	15,000
Fair Value Measurements | Level 3 | Cash and due from banks
Assets
Cash and due from banks	$ 0	$ 0