Hammond’s First Guaranty posts profit

First Guaranty Bancshares Inc. of Hammond reported record net income of $12.0 million in 2012 compared to $8.0 million for 2011.

“Our goal for 2012 was to build a fortress balance sheet making First Guaranty Bancshares, Inc. safer and stronger while at the same time increasing the profitability for our shareholders,” President and CEO Alton Lewis said in a news release. “Our work is not yet done; but, we made great strides forward as we increased profitability to record levels, improved our asset quality, strengthened our capital position, and, at the same time, continued to provide returns on our shareholders investments through dividends.”