13 unchanged sentences
First Guaranty Bancshares, Inc.
−Removed: did not repurchase any of its shares of common stock during 2020.
+Added: did not repurchase any of its shares of common stock during the fourth quarter of 2021.
Item 6 - Selected Financial Data
7 unchanged sentences
Loans, net of unearned income $ 2,159,359 $ 1,844,135 $ 1,525,490 $ 1,225,268 $ 1,149,014
−Removed: Allowance for loan losses $ 24,518 $ 10,929 $ 10,776 $ 9,225 $ 11,114
+Added: Allowance for loan and lease losses $ 24,029 $ 24,518 $ 10,929 $ 10,776 $ 9,225
Total assets $ 2,878,120 $ 2,473,078 $ 2,117,216 $ 1,817,211 $ 1,750,430
36 unchanged sentences
Tangible book value (4) $ 16.13 $ 14.92 $ 13.68 $ 13.24 $ 12.88
−Removed: Dividend payout ratio 30.68 % 40.74 % 39.65 % 44.34 % 34.56 %
+Added: Dividend payout ratio for Common and Preferred 28.49 % 30.68 % 40.74 % 39.65 % 44.34 %
Weighted average number of shares outstanding 10,716,796 10,716,796 10,666,055 10,657,245 10,416,337
6 unchanged sentences
Net charge-offs to average loans 0.13 % 0.08 % 0.36 % (0.02) % 0.54 %
−Removed: Provision for loan loss to average loans 0.89 % 0.37 % 0.12 % 0.36 % 0.42 %
−Removed: Allowance for loan loss to total loans 1.33 % 0.72 % 0.88 % 0.80 % 1.17 %
+Added: Provision for loan and lease loss to average loans 0.10 % 0.89 % 0.37 % 0.12 % 0.36 %
+Added: Allowance for loan and lease loss to total loans 1.11 % 1.33 % 0.72 % 0.88 % 0.80 %
(1) Tangible calculation eliminates goodwill and acquisition intangibles, principally core deposit intangibles, net of accumulated amortization, net of tax.
10 unchanged sentences
See below for our reconciliation of non-GAAP financial measures to their most directly comparable GAAP financial measures under the caption "Selected Financial Data— Non-GAAP Financial Measures.
+Added: (5) All share and per share amounts have been restated to reflect the ten percent stock dividend paid December 17, 2021 to shareholders of record as of December 15, 2021.
Non-GAAP Financial Measures
10 unchanged sentences
Total shareholders' equity $ 223,889 $ 178,591 $ 166,035 $ 147,284 $ 143,983
−Removed: Preferred — — — — —
+Added: Preferred Stock 33,058 — — — —
Goodwill 12,900 12,900 12,942 3,472 3,472
2 unchanged sentences
Common shares outstanding 1
+Added: 10,716,796 10,716,796 10,716,796 10,657,245 10,657,245
Book value per common share 1
+Added: $ 17.81 $ 16.66 $ 15.49 $ 13.82 $ 13.51
Tangible book value per common share 1
+Added: $ 16.13 $ 14.92 $ 13.68 $ 13.24 $ 12.88
Tangible Assets
4 unchanged sentences
Tangible common equity to tangible assets 6.04 % 6.51 % 6.99 % 7.79 % 7.87 %
+Added: 1 All share amounts have been restated to reflect the ten percent stock dividend paid December 17, 2021 to shareholders of record as of December 15, 2021.
The efficiency ratio is a non-GAAP measure generally used by financial analysts and investment bankers to evaluate financial institutions.
14 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.