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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 59,030 $ 52,390
Federal funds sold 95,400 47,275
Interest-bearing deposits 3,695 6,802
Total cash and cash equivalents 158,125 106,467
Securities available for sale 173,744 188,927
Securities held to maturity 476,105 509,008
Loans held for sale 1,260 3,156
Loans, net of allowance for credit losses of $31,953 and $31,974, respectively 2,344,240 2,344,245
Accrued interest receivable 10,443 11,555
Premises and equipment, net 55,457 54,291
Other real estate owned 38 38
Cash surrender value of life insurance 38,619 38,404
Core deposit intangible, net 1,746 1,859
Goodwill 32,160 32,160
Other assets 64,350 61,385
Total assets 3,356,287 3,351,495
Deposits    
Noninterest-bearing 992,527 1,052,144
Interest-bearing 1,630,841 1,629,010
Total deposits 2,623,368 2,681,154
Securities sold under agreements to repurchase 13,338 7,221
Accrued interest and other liabilities 30,125 28,409
Federal Home Loan Bank advances and Federal Funds Purchased 340,000 290,000
Subordinated debt, net 49,186 49,153
Total liabilities 3,056,017 3,055,937
Commitments and contingencies (see Note 11)
Equity    
Preferred stock, $5.00 par value, 15,000,000 shares authorized, no shares issued 0 0
Common stock, $1.00 par value, 50,000,000 shares authorized, 14,217,952 and 14,208,558 shares issued, and 11,925,814 and 11,941,672 shares outstanding, respectively 14,218 14,209
Additional paid-in capital 228,091 227,727
Retained earnings 143,102 137,565
Treasury stock, 2,292,138 and 2,266,886 shares, respectively, at cost (61,001) (60,257)
Accumulated other comprehensive loss (24,710) (24,260)
Equity attributable to Guaranty Bancshares, Inc. 299,700 294,984
Noncontrolling interest 570 574
Total equity 300,270 295,558
Total liabilities and equity $ 3,356,287 $ 3,351,495