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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 47,663 $ 52,390
Federal funds sold 44,950 47,275
Interest-bearing deposits 4,738 6,802
Total cash and cash equivalents 97,351 106,467
Securities available for sale 166,596 188,927
Securities held to maturity 437,292 509,008
Loans held for sale 795 3,156
Loans, net of allowance for credit losses of $31,759 and $31,974, respectively 2,300,882 2,344,245
Accrued interest receivable 11,110 11,555
Premises and equipment, net 56,151 54,291
Other real estate owned 0 38
Cash surrender value of life insurance 41,830 38,404
Core deposit intangible, net 1,633 1,859
Goodwill 32,160 32,160
Other assets 60,396 61,385
Total assets 3,206,196 3,351,495
Deposits    
Noninterest-bearing 915,462 1,052,144
Interest-bearing 1,687,355 1,629,010
Total deposits 2,602,817 2,681,154
Securities sold under agreements to repurchase 20,532 7,221
Accrued interest and other liabilities 30,701 28,409
Line of credit 12,000 0
Federal Home Loan Bank advances 195,000 290,000
Subordinated debt, net 47,719 49,153
Total liabilities 2,908,769 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, 14,218,363 and 14,208,558 shares issued, and 11,603,167 and 11,941,672 shares outstanding, respectively 14,218 14,209
Additional paid-in capital 228,241 227,727
Retained earnings 150,015 137,565
Treasury stock, 2,615,196 and 2,266,886 shares, respectively, at cost (69,107) (60,257)
Accumulated other comprehensive loss (26,505) (24,260)
Equity attributable to Guaranty Bancshares, Inc. 296,862 294,984
Noncontrolling interest 565 574
Total equity 297,427 295,558
Total liabilities and equity $ 3,206,196 $ 3,351,495