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CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest income      
Loans, including fees $ 136,086 $ 104,503 $ 92,497
Securities      
Taxable 11,580 11,466 4,762
Nontaxable 4,789 5,131 4,218
Nonmarketable equity securities 1,288 1,246 740
Federal funds sold and interest-bearing deposits 2,749 863 333
Total interest income 156,492 123,209 102,550
Interest expense      
Deposits 44,981 9,753 5,651
FHLB advances and federal funds purchased 11,626 3,855 413
Subordinated debentures 2,143 1,722 700
Other borrowed money 762 50 228
Total interest expense 59,512 15,380 6,992
Net interest income 96,980 107,829 95,558
Provision for (reversal of provision for) credit losses 0 2,150 (1,700)
Net interest income after reversal of provision for credit losses 96,980 105,679 97,258
Noninterest income      
Service charges 4,387 4,288 3,772
Net realized (loss) gain on sales of securities available for sale (229) 172 0
Net realized gain on sale of loans 1,201 2,435 5,528
Merchant and debit card fees 7,307 7,121 6,717
Other income 9,847 9,469 8,559
Total noninterest income 22,513 23,485 24,576
Noninterest expense      
Employee compensation and benefits 48,862 47,477 42,345
Occupancy expenses 11,301 11,129 10,944
Other expenses 22,191 21,301 19,989
Total noninterest expense 82,354 79,907 73,278
Income before income taxes 37,139 49,257 48,556
Income tax provision 7,130 8,834 8,750
Net earnings 30,009 40,423 39,806
Net loss attributable to noncontrolling interest 28 24 0
Net earnings attributable to Guaranty Bancshares, Inc. $ 30,037 $ 40,447 $ 39,806
Basic earnings per share $ 2.57 $ 3.38 $ 3.3
Diluted earnings per share $ 2.56 $ 3.34 $ 3.26