Pay Versus Performance

In accordance with the applicable provisions of Section 954 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(v) of Regulation S-K, we are providing the following information comparing the compensation of our principal executive officer (the “PEO”) and our other NEOs against various performance measures.


									Value of Initial Fixed $100 Investment Based On:
Year(1)	Summary Compensation Table Total for PEO(2)		Compensation Actually Paid to PEO(3)		Average Summary Compensation Table Total for Non-PEO NEOs		Average Compensation Actually Paid to Non-PEO NEOs(3)		Total Shareholder Return ("TSR")(4)		Peer Group TSR(5)		Company Net Income (000's)		ROAA
2023	$	1,360,289	$	1,443,314	$	652,308	$	671,263	$	122.38	$	108.97	$	30,037	0.92%
2022		1,233,123		1,333,944		586,892		642,333		122.67		107.58		40,447	1.24%
2021		948,817		1,260,526		551,733		653,969		128.15		124.15		39,806	1.36%

(1) The Company’s non-PEO named executive officers for 2023 were Kirk L. Lee, Shalene A. Jacobson, Clifton A. Payne and Charles A. Cowell. The Company’s non-PEO named executive officers for 2022 were Kirk L. Lee, Clifton A. Payne, Charles A. Cowell and Harold L. Lower, II. The Company's non-PEO named executive officers for 2021 were Kirk L. Lee and Clifton A. Payne. The Company was an emerging growth company until December 31, 2021 and provided scaled compensation disclosures for 2021.

(2) Tyson T. Abston was the Company's PEO for each of 2023, 2022 and 2021.

(3) Compensation actually paid is calculated as the total compensation plus (i) the change in fair value during the listed fiscal year of equity awards granted in prior years that remained outstanding and nonvested at the end of the listed fiscal year; and (ii) the change in fair value during the listed fiscal year through the vesting date of equity awards granted in prior years that vested during the listed fiscal year. Equity values are calculated in accordance with FASB ASC Topic 718, and the valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of the grant.

(4) This assumes $100 was invested in Company common stock on December 31, 2020 and presents the TSR, assuming the reinvestment of dividends, through the close of trading for the applicable year. The historical stock price performance for our common stock is not necessarily indicative of future stock performance.

(5) This assumes $100 was invested in the S&P Small Cap 600 Financials Index on December 31, 2020 and presents the TSR, assuming the reinvestment of dividends, if any, through the close of trading for the applicable year. The historical stock price performance for our common stock is not necessarily indicative of future stock performance.

Relationship Between Compensation Actually Paid and Performance Measures

The table below reflects the relationship between the PEO and the average non-PEO NEO compensation actually paid and the performance measures shown in the pay versus performance table from 2021 through 2023:


Period	Compensation Actually Paid to PEO(1)	Average Compensation Actually Paid to Non-PEO NEOs(1)	GNTY's TSR	Peer Group's TSR	Net Income	ROAA
2021 to 2023	15%	3%	22%	9%	-25%	-32%

(1) Compensation actually paid is calculated as the total compensation plus (i) the change in fair value during the listed fiscal year of equity awards granted in prior years that remained outstanding and nonvested at the end of the listed fiscal year; and (ii) the change in fair value during the listed fiscal year through the vesting date of equity awards granted in prior years that vested during the listed fiscal year. Equity values are calculated in accordance with FASB ASC Topic 718, and the valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of the grant.

From 2021 through 2023, the compensation of our PEO and the average compensation actually paid to non-PEO NEOs increased by 15% and 3%, respectively, while the Company's combined measures of TSR, net income and ROAA decreased by 12%.

The following financial performance measures represent, in the Company’s assessment, the most important financial performance measures the Company used to link compensation that it actually paid to the company’s NEOs, for the most recently completed fiscal year, to company performance.

•

ROAA;

•

Efficiency ratio;

•

Nonperforming assets to total assets; and

•

Net interest margin.

Named Executive Officers, Footnote

(1) The Company’s non-PEO named executive officers for 2023 were Kirk L. Lee, Shalene A. Jacobson, Clifton A. Payne and Charles A. Cowell. The Company’s non-PEO named executive officers for 2022 were Kirk L. Lee, Clifton A. Payne, Charles A. Cowell and Harold L. Lower, II. The Company's non-PEO named executive officers for 2021 were Kirk L. Lee and Clifton A. Payne. The Company was an emerging growth company until December 31, 2021 and provided scaled compensation disclosures for 2021.

(2) Tyson T. Abston was the Company's PEO for each of 2023, 2022 and 2021.

PEO Total Compensation Amount

$ 1,360,289

$ 1,233,123

$ 948,817

Adjustment To PEO Compensation, Footnote

(3) Compensation actually paid is calculated as the total compensation plus (i) the change in fair value during the listed fiscal year of equity awards granted in prior years that remained outstanding and nonvested at the end of the listed fiscal year; and (ii) the change in fair value during the listed fiscal year through the vesting date of equity awards granted in prior years that vested during the listed fiscal year. Equity values are calculated in accordance with FASB ASC Topic 718, and the valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of the grant.

Non-PEO NEO Average Compensation Actually Paid Amount

$ 671,263

642,333

653,969

Tabular List, Table

The following financial performance measures represent, in the Company’s assessment, the most important financial performance measures the Company used to link compensation that it actually paid to the company’s NEOs, for the most recently completed fiscal year, to company performance.

•

ROAA;

•

Efficiency ratio;

•

Nonperforming assets to total assets; and

•

Net interest margin.