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CONSOLIDATED STATEMENTS OF EARNINGS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest income    
Loans, including fees $ 32,157 $ 22,272
Securities    
Taxable 2,814 1,953
Nontaxable 1,304 1,150
Nonmarketable equity securities 419 408
Federal funds sold and interest-bearing deposits 450 110
Total interest income 37,144 25,893
Interest expense    
Deposits 7,655 1,242
FHLB advances and federal funds purchased 3,774 46
Subordinated debentures 540 246
Other borrowed money 13 36
Total interest expense 11,982 1,570
Net interest income 25,162 24,323
Provision for (reversal of) credit losses 0 (1,250)
Net interest income after provision for (reversal of) credit losses 25,162 25,573
Noninterest income    
Service charges 1,077 976
Net realized gain on sales of securities available for sale 93 0
Net realized gain on sale of loans 314 905
Merchant and debit card fees 1,674 1,611
Other income 1,747 2,987
Total noninterest income 4,905 6,479
Noninterest expense    
Employee compensation and benefits 12,264 11,532
Occupancy expenses 2,830 2,711
Other expenses 4,873 4,836
Total noninterest expense 19,967 19,079
Income before income taxes 10,100 12,973
Income tax provision 1,823 2,235
Net earnings 8,277 10,738
Net loss attributable to noncontrolling interest 4 0
Net earnings attributable to Guaranty Bancshares, Inc. $ 8,281 $ 10,738
Basic earnings per share $ 0.69 $ 0.89
Diluted earnings per share $ 0.69 $ 0.88