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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 47,744 $ 52,390
Federal funds sold 36,575 47,275
Interest-bearing deposits 5,205 6,802
Total cash and cash equivalents 89,524 106,467
Securities available for sale 196,195 188,927
Securities held to maturity 404,208 509,008
Loans held for sale 976 3,156
Loans, net of allowance for credit losses of $30,920 and $31,974, respectively 2,290,881 2,344,245
Accrued interest receivable 13,143 11,555
Premises and equipment, net 57,018 54,291
Other real estate owned 0 38
Cash surrender value of life insurance 42,348 38,404
Core deposit intangible, net 1,418 1,859
Goodwill 32,160 32,160
Other assets 56,920 61,385
Total assets 3,184,791 3,351,495
Deposits    
Noninterest-bearing 852,957 1,052,144
Interest-bearing 1,780,289 1,629,010
Total deposits 2,633,246 2,681,154
Securities sold under agreements to repurchase 25,172 7,221
Accrued interest and other liabilities 32,242 28,409
Line of credit 4,500 0
Federal Home Loan Bank advances 140,000 290,000
Subordinated debt, net 45,785 49,153
Total liabilities 2,880,945 3,055,937
Commitments and contingencies (see Note 15)
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, 14,242,328 and 14,208,558 shares issued, and 11,540,644 and 11,941,672 shares outstanding, respectively 14,242 14,209
Additional paid-in capital 228,986 227,727
Retained earnings 156,878 137,565
Treasury stock, 2,701,684 and 2,266,886 shares, respectively, at cost (71,484) (60,257)
Accumulated other comprehensive loss (25,322) (24,260)
Equity attributable to Guaranty Bancshares, Inc. 303,300 294,984
Noncontrolling interest 546 574
Total equity 303,846 295,558
Total liabilities and equity $ 3,184,791 $ 3,351,495