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First Guaranty Bancshares, Inc. Annual Report Ct Edi Ab R Le P

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First Guaranty Bancshares, Inc. Annual Report Ct Edi Ab R Le P EXPECT 2017 FIRST GUARANTY BANCSHARES, INC. ANNUAL REPORT MORE Loans, Net of Unearned Income (in millions) 1200 1000 800 600 400 200 0 1993 1998 2003 2008 2013 2014 2015 2016 2017 ANNUAL REPORT 2017 www.fgb.net DICTAB RE L P E R E EXPECT E L L B I A A MORE B D L N E E P E D Total Deposits 2000 1500 1000 500 0 1993 1998 2003 2008 2013 2014 2015 2016 2017 MORE GROWTH MORE SERVICE 23 26 10 24 25 201 11 5 8 6 17 20 49 27 14 15 4 9 12 16 22 1 7 21 2 12 18 10 19 13 55 3 MORE OPPORTUNITIES MORE LOCATIONS MORE CONVENIENCE MORE TECHNOLOGY EXPECT MORE 1 Table of Contents Financial Snapshot ....................................................................................................Page 3 Expect More ...............................................................................................................Page 4 2017 Accomplishments and Highlights ..................................................................Page 6 FGBI ............................................................................................................................Page 7 Letter from the Chief Executive Officer & President, Alton B. Lewis ................Page 8 Report from the Chief Financial Officer, Eric J. Dosch ........................................Page 9 Report from Senior Vice President, Glenn A. Duhon, Sr. ...................................Page 10 Report from Area President, Dallas/Fort Worth/Waco, J. Douglas Sanders .....Page 11 First Guaranty Bank Board of Directors ................................................................Page 12 First Guaranty Bank Advisory Board .....................................................................Page 13 First Guaranty Bank Officers ...................................................................................Page 14 Performance Graphs .................................................................................................Page 15 First Guaranty Bank Banking Centers Map and ATM Locations .......................Page 19 Bossier City Grand Opening ....................................................................................Page 20 Texas Welcome ...........................................................................................................Page 21 First Guaranty Bank Departments and Banking Centers Departments and Guaranty Square – Hammond .......................................Page 22 Abbeville ...........................................................................................................Page 30 Amite ................................................................................................................Page 30 Benton ..............................................................................................................Page 31 Bossier City ......................................................................................................Page 31 Denham Springs ..............................................................................................Page 32 Denton ..............................................................................................................Page 32 Dubach .............................................................................................................Page 33 Fort Worth ........................................................................................................Page 33 Garland .............................................................................................................Page 34 Greensburg .......................................................................................................Page 34 Guaranty West – Hammond ..........................................................................Page 35 Haynesville .......................................................................................................Page 35 Homer ...............................................................................................................Page 36 Independence ..................................................................................................Page 36 Jennings ............................................................................................................Page 37 Kentwood .........................................................................................................Page 37 Kentwood West ................................................................................................Page 38 McKinney .........................................................................................................Page 38 Montpelier ........................................................................................................Page 39 Oil City .............................................................................................................Page 39 Ponchatoula .....................................................................................................Page 40 Visit www.fgb.net for additional information. Berryland – Ponchatoula ...............................................................................Page 40 NASDAQ Stock Ticker Symbol: FGBI Vivian ................................................................................................................Page 41 Follow us on Facebook, Twitter and LinkedIn. Waco .................................................................................................................Page 41 Walker ...............................................................................................................Page 42 www.facebook.com/FirstGuarantyBank Watson ..............................................................................................................Page 42 twitter.com/FGBank Community Impact ...................................................................................................Page 43 www.linkedin.com/company/514157 Earning & Dividends ................................................................................................Page 60 Banks Headquartered in Louisiana .........................................................................Page 61 www.youtube.com/user/FirstGuarantyBank Our Mission, Values and Goals ...............................................................................Page 62 Financial Table of Contents ......................................................................................Page 63 Market for Registrants Common Equity ................................................................Page 131 Corporate Information ..............................................................................................Page 132 2 2017 ANNUAL REPORT FIRST GUARANTY BANCSHARES, INC. Financial Snapshot First Guaranty Bancshares, Inc. At December 31, 2017, total assets were $1.75 billion, net income was $11.75 million, earning per common share was $1.37. Return on average assets was 0.71% and return on average common equity was 8.59%. First Guaranty Bancshares, Inc. shares are traded at the NASDAQ Global Market Exchange and has paid quarterly dividends for 98 consecutive quarters at December 31, 2017. Our commitment to customer service, the dedicated leadership of our Board of Directors and the hard work of our employees are among the reasons shareholders and customers can expect more. PERFORMANCE GRAPHS Book Value Growth Per One 1993 Share[1] Cash Dividends on Common Stock (per common share) (In thousands) 50 6000 5000 40 4000 30 3000 20 2000 10 1000 0 0 1993 1998 2003 2008 2013 2014 2015 2016 2017 2017201620152014201320122011201020092008200720062005200420032002200120001999199819971996199519941993 Book Value per one 1993 share has increased First Guaranty has paid $66,896,000 in from $3.70 to $43.49 since 1993. Cash Dividends to common shareholders since 1993. Dividends Per One 1993 Common Share [2] Profile 2.0 First Guaranty Bancshares, Inc. is the holding company of First Guaranty Bank, 1.5 which it wholly owns. The Bank is a full- service financial institution with a major presence throughout Louisiana and in 1.0 northeast Texas, serving customers from 27 banking center locations. Headquartered in Hammond, Louisiana, the Company had 349 employees as of December 31, 2017. 0.5 0.0 1993 1998 2003 2008 2007 2008 2013 2014 2015 2016 2017 [1] Book value has been adjusted for cumulative stock splits and dividend of 2.66 times since 1993. [2] Cash dividends from the perspective of one original share of common stock from 1993 to present, this considers the impact of stock splits and stock dividends. EXPECT MORE 3 Expect More Customers depend on First Guaranty Bank to offer and provide the latest in technology and financial services to satisfy their banking needs. With First Guaranty, convenience and security are paramount to ensure all customer transactions are safe and secure whenever they utilize online banking, mobile banking, apps or ATMs. Commercial and personal customers enjoy our myriad of convenient products and services including bill pay, mobile check deposit and e-statements. At First Guaranty, we understand that loans are vital to customers and that quick approval is important. The loan committee is responsive and responsible in all its lending practices. First Guaranty Bank offers home mortgages and consumer and business loans including term loans, automobile loans, real estate loans, interim construction loans, Small Business Administration loans, agricultural and equipment loans, as well as lines of credit and our letter of credit. Combined with our wide range of financial products and services, First Guaranty strives
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