XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.2
CONSOLIDATED STATEMENTS OF EARNINGS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest income        
Loans, including fees $ 24,587 $ 22,864 $ 46,859 $ 47,059
Securities        
Taxable 2,849 1,138 4,802 2,190
Nontaxable 1,290 1,053 2,440 2,092
Federal funds sold and interest-bearing deposits 394 229 912 456
Total interest income 29,120 25,284 55,013 51,797
Interest expense        
Deposits 1,623 1,493 2,865 3,096
FHLB advances and federal funds purchased 190 102 236 201
Subordinated debentures 453 188 699 376
Other borrowed money 3 24 39 156
Total interest expense 2,269 1,807 3,839 3,829
Net interest income 26,851 23,477 51,174 47,968
Reversal of provision for credit losses 0 (1,000) (1,250) (1,000)
Net interest income after provision for credit losses 26,851 24,477 52,424 48,968
Noninterest income        
Service charges 1,070 855 2,046 1,684
Net realized gain on sale of loans 882 1,244 1,787 2,642
Merchant and debit card fees 2,061 1,922 3,672 3,428
Other income 2,068 1,949 5,055 4,335
Total noninterest income 6,081 5,970 12,560 12,089
Noninterest expense        
Employee compensation and benefits 11,730 10,204 23,262 20,147
Occupancy expenses 2,848 2,833 5,559 5,520
Other expenses 5,116 4,666 9,952 9,348
Total noninterest expense 19,694 17,703 38,773 35,015
Income before income taxes 13,238 12,744 26,211 26,042
Income tax provision 2,472 2,312 4,707 4,648
Net earnings 10,766 10,432 21,504 21,394
Net loss attributable to noncontrolling interest 18 0 18 0
Net earnings attributable to Guaranty Bancshares, Inc. $ 10,784 $ 10,432 $ 21,522 $ 21,394
Basic earnings per share $ 0.90 $ 0.87 $ 1.79 $ 1.78
Diluted earnings per share $ 0.89 $ 0.85 $ 1.77 $ 1.75