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Securities (Tables)
 3 Months Ended
Mar. 31, 2020
Investments, Debt and Equity Securities [Abstract]  
Summary Comparison of Securities by Type
A summary comparison of securities by type at March 31, 2020 and December 31, 2019 is shown below. 

 March 31, 2020December 31, 2019
(in thousands)Amortized CostGross
Unrealized Gains		Gross
Unrealized Losses		Fair ValueAmortized CostGross Unrealized GainsGross
Unrealized Losses		Fair Value
Available for sale:        
U.S. Treasuries$15,000  $—  $—  $15,000  $—  $—  $—  $—  
U.S. Government Agencies241  2  —  243  16,380  15  (2) 16,393  
Corporate debt securities163,368  1,378  (5,823) 158,923  94,561  1,110  (302) 95,369  
Municipal bonds31,974  2,261  (9) 34,226  30,297  1,870  (14) 32,153  
Collateralized mortgage obligations13,752  155  (134) 13,773  16,400  40  (43) 16,397  
Mortgage-backed securities205,920  5,850  (9) 211,761  179,546  317  (238) 179,625  
Total available for sale securities$430,255  $9,646  $(5,975) $433,926  $337,184  $3,352  $(599) $339,937  
Held to maturity:        
U.S. Government Agencies$—  $—  $—  $—  $18,175  $—  $(32) $18,143  
Municipal bonds—  —  —  —  5,107  182  —  5,289  
Mortgage-backed securities—  —  —  —  63,297  200  (112) 63,385  
Total held to maturity securities$—  $—  $—  $—  $86,579  $382  $(144) $86,817  
Investments Classified by Contractual Maturity Date For this reason they are presented separately in the maturity table below. 
 At March 31, 2020
(in thousands)Amortized CostFair Value
Available for sale:  
Due in one year or less$31,194  $31,186  
Due after one year through five years74,630  74,266  
Due after five years through 10 years90,828  88,232  
Over 10 years13,931  14,708  
Subtotal210,583  208,392  
Collateralized mortgage obligations13,752  13,773  
Mortgage-backed securities205,920  211,761  
Total available for sale securities$430,255  $433,926  
Held to maturity:  
Due in one year or less$—  $—  
Due after one year through five years—  —  
Due after five years through 10 years—  —  
Over 10 years—  —  
Subtotal—  —  
Mortgage-backed securities—  —  
Total held to maturity securities$—  $—  
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, 2020.

  At March 31, 2020 
 Less Than 12 Months12 Months or MoreTotal
(in thousands)Number
of Securities		Fair ValueGross
Unrealized
Losses		Number
of Securities		Fair ValueGross
Unrealized
Losses		Number
of Securities		Fair ValueGross
Unrealized Losses
Available for sale:         
U.S. Treasuries1  $15,000  $—  —  $—  $—  1  $15,000  $—  
U.S. Government Agencies—  —  —  —  —  —  —  —  —  
Corporate debt securities191  79,265  (5,284) 8  1,463  (539) 199  80,728  (5,823) 
Municipal bonds6  1,383  (9) —  —  —  6  1,383  (9) 
Collateralized mortgage obligations3  4,252  (134) —  —  —  3  4,252  (134) 
Mortgage-backed securities10  631  (9) —  —  —  10  631  (9) 
Total available for sale securities211  $100,531  $(5,436) 8  $1,463  $(539) 219  $101,994  $(5,975) 
Held to maturity:         
U.S. Government Agencies—  $—  $—  —  $—  $—  —  $—  $—  
Municipal bonds—  —  —  —  —  —  —  —  —  
Mortgage-backed securities—  —  —  —  —  —  —  —  —  
Total held to maturity securities—  $—  $—  —  $—  $—  —  $—  $—  

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, 2019. 

  At December 31, 2019 
 Less Than 12 Months12 Months or MoreTotal
(in thousands)Number
of Securities		Fair ValueGross
Unrealized
Losses		Number
of Securities		Fair ValueGross
Unrealized Losses		Number
of Securities		Fair ValueGross
Unrealized Losses
Available for sale:         
U.S. Treasuries—  $—  $—  —  $—  $—  —  $—  $—  
U.S. Government Agencies1  4,398  (1) 1  149  (1) 2  4,547  (2) 
Corporate debt securities42  21,269  (174) 12  3,184  (128) 54  24,453  (302) 
Municipal bonds9  4,285  (14) —  —  —  9  4,285  (14) 
Collateralized mortgage obligations12  10,022  (43) —  —  —  12  10,022  (43) 
Mortgage-backed securities57  91,753  (186) 9  12,121  (52) 66  103,874  (238) 
Total available for sale securities121  $131,727  $(418) 22  $15,454  $(181) 143  $147,181  $(599) 
Held to maturity:         
U.S. Government Agencies2  $2,177  $(2) 8  $15,965  $(30) 10  $18,142  $(32) 
Municipal bonds—  —  —  1  50  —  1  50  —  
Mortgage-backed securities7  8,880  (58) 10  11,343  (54) 17  20,223  (112) 
Total held to maturity securities9  $11,057  $(60) 19  $27,358  $(84) 28  $38,415  $(144) 
Credit Losses on Debt Securities for which Portion of OTTI Recognized in OCI
The following table presents a roll-forward of the amount of credit losses on debt securities held by First Guaranty for which a portion of OTTI was recognized in other comprehensive income for the three months ended March 31, 2020 and 2019:

(in thousands)Three Months Ended
March 31, 2020		Three Months Ended
March 31, 2019
Beginning balance of credit losses at end of prior year$—  $60  
Other-than-temporary impairment credit losses on securities not previously OTTI—  —  
Increases for additional credit losses on securities previously determined to be OTTI—  —  
Reduction for increases in cash flows—  —  
Reduction due to credit impaired securities sold or fully settled—  —  
Ending balance of cumulative credit losses recognized in earnings at end of period$—  $60  
Schedule of Exposure to Investment Securities Issuers that Exceeded 10% of Shareholders' Equity
At March 31, 2020, First Guaranty's exposure to bond issuers that exceeded 10% of shareholders' equity is below: 

 At March 31, 2020
(in thousands)Amortized CostFair Value
Federal Home Loan Mortgage Corporation (Freddie Mac-FHLMC)84,266  86,654  
Federal National Mortgage Association (Fannie Mae-FNMA)118,891  122,318  
Total$203,157  $208,972