CUSIP No.          32043P106         

Explanatory Note

This Amendment No. 1 amends and restates the statement on Schedule 13D originally filed with the Securities and Exchange Commission (the “SEC”) on February 14, 2023 (the “Original Statement”) by William K. Hood; Smith & Hood Holding Company, LLC; Smith & Hood Investments, LLC; WKH Management, LLC; and Hood Investments, LLC with respect to the common stock, $1.00 par value per share (the “Common Stock”), of First Guaranty Bancshares, Inc., a Louisiana corporation (the “Issuer”). Unless otherwise defined herein, capitalized terms used in this Amendment No. 1 shall have the meanings ascribed to them in the Statement. Unless amended or supplemented below, the information in the Statement remains unchanged. The Original Statement inadvertently reported the holdings of WKH Holdings, LLC within Mr. Hood’s holdings. WKH Holdings, LLC is added as a reporting person hereunder.

Item 1. Security and Issuer

This Schedule 13D relates to the common stock, $1.00 par value per share (the “Common Stock”), of First Guaranty Bancshares, Inc., a Louisiana corporation (the “Issuer”). The principal executive offices of the Issuer are located at 400 East Thomas Street, Hammond, Louisiana 70401.

The Issuer had 10,716,796 shares of Common Stock outstanding as of December 31, 2022. All beneficial ownership and voting power percentage calculations with respect to the Common Stock are based on the outstanding shares as of such date.

All beneficial ownership calculations contained in this Schedule 13D have been made in accordance with Rule 13d-3 of the Securities Exchange Act of 1934, as amended.

Item 2. Identity and Background

(a), (f)         This Schedule 13D is being filed by or on behalf of (i) William K. Hood, an individual resident of the state of Louisiana; (ii) Smith & Hood Holding Company, LLC, a Louisiana limited liability company of which Mr. Hood is President and Chairman (“Holding LLC”); (iii) Smith & Hood Investments, LLC, a Louisiana limited liability company of which Mr. Hood is a member (“Investments, LLC”); (iv) WKH Management, LLC, a Louisiana limited liability company of which Mr. Hood is a member (“WKH Management”); (v) Hood Investments, LLC, a Louisiana limited liability company of which Mr. Hood is the sole member (“Hood Investments, LLC”) and (vi) WKH Holdings, LLC, a Louisiana limited liability company of which Mr. Hood is a member (“WKH Holdings”) (each, a “Reporting Person” and collectively, the “Reporting Persons”).

(b)         The business address of William K. Hood is 11239 Highway 16, Amite, LA 70422. The address of Holding LLC and Investments, LLC is 11239 Highway 16, Amite, LA 70422. The address of WKH Management and WKH Holdings is 501 South First Street, Amite, LA 70422. The address of Hood Investments, LLC is 11239 Highway 16, Amite, LA 70422.

(c)         Mr. Hood’s principal occupation is owner and operator of car dealerships. The principal business of Holding LLC is to invest in Issuer securities. The principal business of Investments, LLC is managing investments, including but not limited to Issuer securities, as well as holding real estate. The principal business of WKH Management is a company that holds real estate, some automotive dealership related fixtures and furnishings, and investments, as well as investments in Issuer securities. The principal business of Hood Investments, LLC is to hold real estate for automobile dealerships, automobile dealerships, and investments, including but not limited to Issuer securities. The principal business of WKH Management is to [hold investments, including but not limited to Issuer securities].

(d), (e)         During the last five years, no Reporting Person, nor to Mr. Hood’s knowledge any general partner or person acting in such capacity of each Reporting Person, has been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors) nor has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

Item 3. Source and Amount of Funds or Other Consideration

The majority of the shares owned by each Reporting Person was owned prior to the Issuer becoming a reporting company and the remainder were purchased on the open market or the result of a dividend reinvestment program open to all shareholders.

Item 4. Purpose of the Transaction

The Reporting Persons acquired the Common Stock reported on this Schedule 13D for investment purposes. The Reporting Persons may in the future acquire additional shares of Common Stock or dispose of some or all of the shares of Common Stock held by them on the open-market or in privately negotiated transactions, on such terms and at such times as the Reporting Persons may deem advisable.

Mr. Hood currently serves as a director of the Issuer. Other than the acquisition of Lone Star Bank previously announced by the Issuer, none of the Reporting Persons has any present plan or proposal that would result in any actions described in paragraphs (a) through (j) of Item 4 of Schedule 13D, except as might be proposed by Mr. Hood in his capacity as a Director of the Issuer or by such Board with the participation of Mr. Hood as a Director. The Reporting Persons reserve the right in the future to formulate any such plans or proposals, and to take any actions with respect to their investments in the Issuer, including any or all actions described in paragraphs (a) through (j) of Item 4 of Schedule 13D.

Item 5. Interest in Securities of the Issuer

(a), (b)          Mr. Hood may be deemed to beneficially own and have shared voting and dispositive power over an aggregate of 2,193,291.6 shares of Common Stock, or 20.47% of the outstanding shares of Common Stock. Holding LLC may be deemed to beneficially own and have shared voting and dispositive power over an aggregate of 1,062,817 shares of Common Stock, or 9.9% of the outstanding shares of Common Stock. Investments, LLC may be deemed to beneficially own and have shared voting and dispositive power over an aggregate of 770,443 shares of Common Stock, or 7.2% of the outstanding shares of Common Stock. WKH Management may be deemed to beneficially own and have shared voting and dispositive power over an aggregate of 27,211 shares of Common Stock, or 0.25% of the outstanding shares of Common Stock. Hood Investments, LLC may be deemed to beneficially own and have shared voting and dispositive power over an aggregate of 76,178 shares of Common Stock, or 0.71% of the outstanding shares of Common Stock. WKH Holdings may be deemed to beneficially own and have shared voting and dispositive power over an aggregate of 2,196 shares of Common Stock, or 0.00% of the outstanding shares of Common Stock.

(c)         Except as otherwise set forth in Item 3 above or as reported on a Statement of Changes in Beneficial Ownership on Form 4, no Reporting Person has effected any transactions in shares of the Issuer’s shares of Common Stock during the last 60 days.

(d)         No person or entity is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock reported on this Statement except for the owners listed herein.

(e)         Not applicable.

Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer

None.

Item 7. Material to be Filed as Exhibits

Exhibit No.         Description

99.1                      Joint Filing Agreement

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: April 4, 2023