4 unchanged sentences
First Guaranty does not record a loss if the loss is not probable or the amount of the loss is not estimable.
−Removed: First Guaranty is a defendant in a lawsuit alleging overpayment of interest on a loan with a possible loss range of $0.0 million to $0.5 million.
−Removed: Judgment has been rendered against First Guaranty for the full amount, but First Guaranty is exercising its appeal rights.
−Removed: First Guaranty had an accrued liability of $0.1 million at December 31, 2021 related to this lawsuit.
−Removed: First Guaranty is also a defendant in a lawsuit alleging fault for a loss of funds by a customer with a possible loss range of $0.0 million to $1.5 million.
−Removed: No accrued liability has been recorded related to this lawsuit.
+Added: First Guaranty Bank is a defendant in a lawsuit alleging fault for a loss of funds by a customer related to fraud by a third party, with a possible loss range of $0.0 million to $1.5 million.
+Added: The Bank denies the allegations and intends to vigorously defend against this lawsuit, which is in very early stages.
+Added: No trial has been set, therefore, no accrued liability has been recorded related to this lawsuit.
First Guaranty settled a case in the third quarter of 2021 for $1.1 million.
A receivable for $0.9 million has been recorded for recovery through First Guaranty's insurance coverage.
+Added: In the opinion of management, neither First Guaranty nor First Guaranty Bank is currently involved in such legal proceedings, either individually or in the aggregate, that the resolution is expected to have a material adverse effect on First Guaranty’s consolidated results of operations, financial condition, or cash flows.
+Added: However, one or more unfavorable outcomes in these ordinary claims or litigation against First Guaranty or First Guaranty Bank could have a material adverse effect for the period in which they are resolved.
+Added: In addition, regardless of their merits or ultimate outcomes, such matters are costly, divert management’s attention, and may materially and adversely affect the reputation of First Guaranty and First Guaranty Bank, even if resolved favorably.
Item 4 - Mine Safety Disclosures
1 unchanged sentence
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.