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CONSOLIDATED STATEMENTS OF EARNINGS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Interest income        
Loans, including fees $ 33,591 $ 24,587 $ 65,748 $ 46,859
Securities        
Taxable 2,841 2,849 5,655 4,802
Nontaxable 1,195 1,290 2,499 2,440
Nonmarketable equity securities 301 289 720 697
Federal funds sold and interest-bearing deposits 806 105 1,256 215
Total interest income 38,734 29,120 75,878 55,013
Interest expense        
Deposits 9,946 1,623 17,601 2,865
FHLB advances and federal funds purchased 3,349 190 7,123 236
Subordinated debentures 535 453 1,075 699
Other borrowed money 201 3 214 39
Total interest expense 14,031 2,269 26,013 3,839
Net interest income 24,703 26,851 49,865 51,174
Reversal of provision for credit losses 0 0 0 (1,250)
Net interest income after reversal of provision for credit losses 24,703 26,851 49,865 52,424
Noninterest income        
Service charges 1,056 1,070 2,133 2,046
Net realized loss on sales of securities available for sale (322) 0 (229) 0
Net realized gain on sale of loans 473 882 787 1,787
Merchant and debit card fees 2,121 2,061 3,795 3,672
Other income 4,545 2,068 6,292 5,055
Total noninterest income 7,873 6,081 12,778 12,560
Noninterest expense        
Employee compensation and benefits 11,939 11,730 24,203 23,262
Occupancy expenses 2,754 2,848 5,584 5,559
Other expenses 5,778 5,116 10,651 9,952
Total noninterest expense 20,471 19,694 40,438 38,773
Income before income taxes 12,105 13,238 22,205 26,211
Income tax provision 2,529 2,472 4,352 4,707
Net earnings 9,576 10,766 17,853 21,504
Net loss attributable to noncontrolling interest 5 18 9 18
Net earnings attributable to Guaranty Bancshares, Inc. $ 9,581 $ 10,784 $ 17,862 $ 21,522
Basic earnings per share $ 0.82 $ 0.9 $ 1.51 $ 1.79
Diluted earnings per share $ 0.81 $ 0.89 $ 1.5 $ 1.77