XML 39 R25.htm IDEA: XBRL DOCUMENT v3.24.0.1
Other Expenses
12 Months Ended
Dec. 31, 2023
Other Expenses [Abstract]  
Other Expenses Other Expenses
The following is a summary of the significant components of other noninterest expense:
 December 31,
(in thousands)20232022
Other noninterest expense:  
Legal and professional fees$5,709 $4,159 
Data processing2,100 1,596 
ATM Fees1,804 1,750 
Marketing and public relations1,927 1,747 
Taxes - sales, capital and franchise2,263 1,949 
Operating supplies778 728 
Software expense and amortization5,282 4,191 
Travel and lodging1,362 1,236 
Telephone382 406 
Amortization of core deposits696 696 
Donations595 638 
Net costs from other real estate and repossessions157 393 
Regulatory assessment3,136 1,997 
Other4,032 3,888 
Total other noninterest expense$30,223 $25,374 

First Guaranty does not capitalize advertising costs. They are expensed as incurred and are included in other noninterest expense on the Consolidated Statements of Income. Advertising expense was $1.0 million for 2023 and 2022.