v3.26.1
Borrowings
6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Borrowings Borrowings
During the first quarter of 2026, First Guaranty entered into amendments to further amend the promissory note for the senior debt owed to a related party and subordinated note to a related party which allows First Guaranty to extend the waiver of principal payments and permit quarterly interest payments in cash or shares of common stock through March 31, 2028.

First Guaranty issued 21,241 shares of common stock for payment in kind ("PIK") interest due on the senior debt for the quarter ended June 30, 2026. First Guaranty issued 53,605 shares of common stock as PIK payments of interest on a $30.0 million subordinated debt for the quarter ended June 30, 2026.