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Regulatory enforcement action
Time-sensitive event — see the red-flag panel below for the source-quoted detail.
Red Flags Detected
- Regulatory Enforcement Action (consent Order) (new) — The Bank entered into a Consent Order with the FDIC and OFI, indicating significant regulatory concerns and imposing restrictions on operations and capital.
- Material Weakness In Internal Control Over Financial Reporting (removed) — The prior filing disclosed a material weakness in internal control over financial reporting, which is no longer disclosed in the current filing.
- Fdic/ofi Consent Order (new) — On August 5, 2026, the Bank consented to the issuance of the Consent Order by the FDIC and the OFI.
- Material Weakness In Internal Control Over Financial Reporting (removed) — The previously disclosed material weakness in internal control over financial reporting is no longer disclosed in the current filing.
First Guaranty Bancshares swung to a second-quarter profit of $3.4M, but the Bank entered into a Consent Order with the FDIC and OFI that imposes higher capital requirements, operational restrictions, and dividend limitations.
Filed August 14, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 18, 2025 · ~1 min read
Key Changes
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The Bank consented to a Consent Order with the FDIC and OFI on August 5, 2026, requiring it to maintain a Tier 1 leverage capital ratio equal to or greater than 9% and a total risk-based capital ratio equal to or greater than 14%, and restricting dividends without prior regulatory approval.
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Net income was $3.4M in the second quarter, compared with a net loss of $7.3M a year earlier.
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Total assets declined 4.5% from year-end to $3.90B, with net loans down 14.7% to $1.73B and total deposits down 4.8% to $3.46B.
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 17, 2026 · How we verify