ESOP · DOL Form 5500 · 2023

First Guaranty Bank ESOP

Data updated 2026-08-25

$17K
Total assets Small plan by assets
6
Participants Small participant base
2nd
Percentile by assets National rank
$2,863
Avg per participant Low balance/head
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Official DOL plan name: First Guaranty Bank Employee Stock Ownership Plan · Sponsored by First Guaranty Bank · Louisiana · Finance & Insurance

$17K in assets, 6 participants

First Guaranty Bank's First Guaranty Bank Employee Stock Ownership Plan reported $17K in total assets and 6 participants in its 2023 DOL Form 5500 filing, ranking in the 2nd percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #125 in Finance & Insurance (8,869 peers)

First Guaranty Bank multi-year trail

First Guaranty Bank's plans moved +19.8% in assets from 2022 to 2024; this filing shows First Guaranty Bank Employee Stock Ownership Plan at $17K / 6 participants.

#125
in Finance & Insurance (8,869 peers)
-40.6%
assets change YoY

The plan reported a net loss of $12K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

First Guaranty Bank Employee Stock Ownership Plan among the smaller filed plans by assets

First Guaranty Bank Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$17,176 2nd percentile higher than 2% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

First Guaranty Bank Employee Stock Ownership Plan among micro filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. First Guaranty Bank Employee Stock Ownership Plan is a micro filing (6 participants), the leftmost band.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • First Guaranty Bank Employee Stock Ownership Plan reported net income rose from -$48K in the plan year 2022 filing to -$12K in the plan year 2023 filing.
  • First Guaranty Bank Employee Stock Ownership Plan reported participants fell from 11 in the plan year 2022 filing to 6 in the plan year 2023 filing.
  • First Guaranty Bank Employee Stock Ownership Plan end-of-year assets fell from $29K in the plan year 2022 filing to $17K in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 720201420 · First Guaranty Bank PY 2023 · ESOP

First Guaranty Bank Employee Stock Ownership Plan · $17K · 6 · 2nd

  • NET $17K
  • NET 6
  • NET 2nd
  • NET ESOP
  • NET near Southeast Power Systems, Inc. Employee Stock Ownership Plan
  • NET ind #125

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with What is an ESOP? → · Plans in Louisiana →

First Guaranty Bank Employee Stock Ownership Plan in the asset neighbourhood

First Guaranty Bank Employee Stock Ownership PlanFirst Guaranty Bank Employee…$17KSoutheast Power Systems, Inc. Employee Stock Ownership PlanSoutheast Power Systems, Inc…$18KLr Services, Inc. ESOP and Profit Sharing PlanLr Services, Inc. ESOP and P…$18KD. C. Elevator, Inc. Employee Stock Ownership PlanD. C. Elevator, Inc. Employe…$18KQuestra Holdings, Inc. Employee Stock Ownership PlanQuestra Holdings, Inc. Emplo…$18K
End-of-year total assets ($M) among First Guaranty Bank Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

First Guaranty Bank multi-year asset trail

Sponsor-wide plan assets over time

All First Guaranty Bank plans reported in each filing year

Latest sponsor-wide plan assets
$16M 19.752965593075437% vs 2022
2024 filing year
$13M$14M$15M$16M$17M 202220232024 $13.6M $16.2M ▲ +19.7%
Year Plans Participants Total Assets
2022 2 350 $14M
2023 2 371 $16M
2024 1 412 $16M

First Guaranty Bank filing trail (2023)

Total Assets (Beginning of Year)$29K
Net Assets (End of Year)$17K
Net Income-$12K
Employer EIN720201420
Plan Effective Date2003-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Louisiana

Peer ESOP plans, same state, same plan type, ranked by total assets.

First Guaranty Bank Employee Stock Ownership Plan vs. nearby ESOP plans in Louisiana, assets vs. participants Scatter plot of 6 data points. -100001000200030004000 -2000200400600800 Total assets ($M) Participants First Guaranty Bank Employee Stock Ownership Plan, Total assets ($M): 0.017176 · Participants: 6First Guaranty Bank Employee Stock Ownership PlanMagnolia Employee Stock Ownership Plan, Total assets ($M): 611.505673 · Participants: 44Magnolia Employee Stock Ownership PlanAcadian Ambulance Service, Inc. Employee Stock Ownership Plan, Total assets ($M): 446.486105 · Participants: 3467Acadian Ambulance Service, Inc. Employee Stock Ownership PlanMcelroy Metal Mill, Inc. Employee Stock Ownership Plan, Total assets ($M): 143.058565 · Participants: 570Mcelroy Metal Mill, Inc. Employee Stock Ownership PlanRogers Manufacturing Corporation Employee Stock Ownership Plan, Total assets ($M): 132.262774 · Participants: 153Rogers Manufacturing Corporation Employee Stock Ownership PlanGulf Coast Bank & Trust Company Employee Stock Ownership Plan, Total assets ($M): 126.28162 · Participants: 820Gulf Coast Bank & Trust Company Employee Stock Ownership Plan
First Guaranty Bank Employee Stock Ownership Plan vs. nearby ESOP plans in Louisiana, assets vs. participants
Compare First Guaranty Bank Employee Stock Ownership Plan side-by-side with 3 peers →

First Guaranty Bank Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Louisiana, the nearest ESOP by assets is Southeast Power Systems, Inc. Employee Stock Ownership Plan in FL ($18K); by covered participants it is Haviland Bancshares, Inc. Employee Stock Ownership Plan and Trust in KS (6 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (6 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did First Guaranty Bank Employee Stock Ownership Plan assets move in 2023? ▼
First Guaranty Bank Employee Stock Ownership Plan contracted severely - down 40.6% during 2023, from $29K to $17K. Reported net income was -$12K.
How have First Guaranty Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First Guaranty Bank's sponsor-wide assets grew 19.8%, from $14M to $16M.
Where does First Guaranty Bank Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
First Guaranty Bank Employee Stock Ownership Plan ranks in the 2nd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the smaller plans by assets on file).
Which ESOP plans are similar in size to First Guaranty Bank Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Southeast Power Systems, Inc. Employee Stock Ownership Plan in FL ($18K, 40 participants).
Which ESOP plans cover a similar participant headcount to First Guaranty Bank Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Haviland Bancshares, Inc. Employee Stock Ownership Plan and Trust in KS (6 participants, $2M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 720201420.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.