First Guaranty Bank


First Guaranty Bank is an FDIC insured institution headquartered at 400 E Thomas St, Hammond, LA 70401.
It was founded in 1934 and has approximately $3 billion in assets. Customers can open an account at one of its 27 branches.

Deposit Rates - October 1, 2022

SAVINGS RATES APY MIN
Savings
0.05% $2,500 Compare
CD RATES APY MIN
6 Mo CD
0.50% $10,000 Compare
6 Mo CD
0.50% $100,000 Compare
MM RATES APY MIN
Money Market
0.05% $2,500 Compare
Money Market
0.05% $10,000 Compare
Money Market
0.05% $25,000 Compare

Overview 2022

General Bank Information

FDIC Insured Yes
FDIC Certificate # 14028
Date Established 1934
Assets $ 2.91 billion
Loans $ 2.21 billion
Deposits $ 2.63 billion
Capital $ 259.85 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 132.21 million
Interest-bearing balances $ 115.55 million
Total securities $ 453.27 million
Federal funds sold and reverse repurchase $ 0.53 million
Net loans and leases $ 2.21 billion
Loan loss allowance $ 24.14 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.85 million
Goodwill and other intangibles $ 18.42 million
All other assets $ 36.46 million
     Total Assets $ 2.65 billion

LIABILITIES
Total deposits $ 2.63 billion
      Interest-bearing deposits $ 2.07 billion
      Deposits held in domestic offices $ 2.63 billion
      % insured (estimated) 72.07%
Federal funds purchased and repurchase agreements $ 6.10 million
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 8.97 millionn
      Total Liabilities $ 2.65 billion
      Shareholders’ Equity $ 259.85 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 30.43 million
Total Interest Expense $ 5.13 million
Net interest income $ 25.31 million
Provision for loan and lease losses $ 0.63 million
Total non interest income $ 1.90 million
Total non interest expense $ 16.31 million
Pre-tax Net Operating Income $ 10.26 million

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Branches

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First Guaranty Bank Locations

Savings Comparison

This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.

PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES

Tax Rate: 30%

All calculations are for demonstration purposes only.

  • 1
    LOCAL CD
    Bank
    LOUISIANA
    $50,000
    6 Month
    0.50%
    1.81x (National Avg. - 0.28%)
    $10,000
    -
    SCENARIO
    Year Rate
    0.50%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 250 175
    2 50,250 251 176
    3 50,501 253 177
    4 50,754 254 178
    5 51,008 255 179
    6 51,263 256 179
    7 51,519 258 180
    8 51,776 259 181
    9 52,035 260 182
    10 52,296 261 183
    11 52,557 263 184
    12 52,820 264 185
    13 53,084 265 186
    14 53,349 267 187
    15 53,616 268 188
    16 53,884 269 189
    17 54,154 271 190
    18 54,424 272 190
    19 54,696 273 191
    20 54,970 275 192
    TOTAL $5,245 $3,671
  • 2
    ONLINE CD
    Online Bank
    -
    $50,000
    12 Month
    1.65%
    3.98x (National Avg. - 0.42%)
    $1,000
    -
    SCENARIO
    Year Rate
    1.65%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 825 578
    2 50,825 839 587
    3 51,664 852 597
    4 52,516 867 607
    5 53,383 881 617
    6 54,263 895 627
    7 55,159 910 637
    8 56,069 925 648
    9 56,994 940 658
    10 57,934 956 669
    11 58,890 972 680
    12 59,862 988 691
    13 60,850 1,004 703
    14 61,854 1,021 714
    15 62,874 1,037 726
    16 63,912 1,055 738
    17 64,966 1,072 750
    18 66,038 1,090 763
    19 67,128 1,108 775
    20 68,235 1,126 788
    TOTAL $19,361 $13,553