Borrowings (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Schedule of Short-term Borrowings

Short-term borrowings are summarized as follows:

(in thousands)	December 31, 2023		December 31, 2022
Federal Home Loan Bank advances	$	50,000	$	120,000
Repurchase agreements	6,297		6,442
Line of credit	10,000		20,000
Total short-term borrowings	$	66,297	$	146,442

Schedule of Information About First Guaranty's Short-term Borrowings

The following schedule provides certain information about First Guaranty's short-term borrowings for the periods indicated:

	December 31,
(in thousands except for %)	2023			2022
Outstanding at year end	$	66,297		$	146,442
Maximum month-end outstanding	$	152,659		$	146,442
Average daily outstanding	$	67,102		$	42,149
Weighted average rate during the year	5.78		%	5.12		%
Weighted average rate at year end	5.65		%	4.86		%

Schedule of Obligations on Long-term Debt

The scheduled payments are as follows:

(in thousands)	Long-term Advances from FHLB		Senior Long-term Debt		Junior Subordinated Debentures
2024	$	—	$	4,031	$	—
2025	20,000		4,031		—
2026	—		4,031		—
2027	135,000		4,031		—
2028	—		4,031		—
2029 and thereafter	—		19,149		15,000
Subtotal	$	155,000	$	39,304	$	15,000
Debt issuance costs	—		(205)		—
Total	$	155,000	$	39,099	$	15,000