On June 4, 2025, First Guaranty Bancshares, Inc. amended loan agreements with Smith & Tate Investment, allowing a waiver of principal payments for one year starting from June 30, 2025, while interest can be paid in cash or common stock. The amendments affect a $1,007,812.50 quarterly principal payment and interest on a subordinated note due March 28, 2034, which now allows for quarterly interest payments instead of monthly.