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CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest income      
Loans, including fees $ 104,503 $ 92,497 $ 93,335
Securities      
Taxable 11,466 4,762 4,565
Nontaxable 5,131 4,218 4,189
Federal funds sold and interest-bearing deposits 2,109 1,073 953
Total interest income 123,209 102,550 103,042
Interest expense      
Deposits 9,753 5,651 11,624
FHLB advances and federal funds purchased 3,855 413 470
Subordinated debentures 1,722 700 702
Other borrowed money 50 228 264
Total interest expense 15,380 6,992 13,060
Net interest income 107,829 95,558 89,982
Provision for (reversal of) credit losses 2,150 (1,700) 13,200
Net interest income after provision for credit losses 105,679 97,258 76,782
Noninterest income      
Service charges 4,288 3,772 3,064
Net realized gain on sales of securities available for sale 172 0 0
Net realized gain on sale of loans 2,435 5,528 6,834
Merchant and debit card fees 7,121 6,717 5,515
Other income 9,469 8,559 7,624
Total noninterest income 23,485 24,576 23,037
Noninterest expense      
Employee compensation and benefits 47,477 42,345 37,193
Occupancy expenses 11,129 10,944 10,220
Other expenses 21,301 19,989 19,109
Total noninterest expense 79,907 73,278 66,522
Income before income taxes 49,257 48,556 33,297
Income tax provision 8,834 8,750 5,895
Net earnings 40,423 39,806 27,402
Net loss attributable to noncontrolling interest 24 0 0
Net earnings attributable to Guaranty Bancshares, Inc. $ 40,447 $ 39,806 $ 27,402
Basic earnings per share $ 3.38 $ 3.30 $ 2.25
Diluted earnings per share $ 3.34 $ 3.26 $ 2.24