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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 43,872 $ 47,744
Federal funds sold 24,300 36,575
Interest-bearing deposits 4,921 5,205
Total cash and cash equivalents 73,093 89,524
Securities available for sale 228,787 196,195
Securities held to maturity 363,963 404,208
Loans held for sale 874 976
Loans, net of allowance for credit losses of $30,560 and $30,920, respectively 2,234,012 2,290,881
Accrued interest receivable 11,747 13,143
Premises and equipment, net 56,921 57,018
Other real estate owned 14,900 0
Cash surrender value of life insurance 42,119 42,348
Core deposit intangible, net 1,312 1,418
Goodwill 32,160 32,160
Other assets 67,550 56,920
Total assets 3,127,438 3,184,791
Deposits    
Noninterest-bearing 828,861 852,957
Interest-bearing 1,798,983 1,780,289
Total deposits 2,627,844 2,633,246
Securities sold under agreements to repurchase 39,058 25,172
Accrued interest and other liabilities 33,807 32,242
Line of credit 0 4,500
Federal Home Loan Bank advances 75,000 140,000
Subordinated debt, net 45,819 45,785
Total liabilities 2,821,528 2,880,945
Commitments and contingencies (see Note 10)
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, 14,247,795 and 14,242,328 shares issued, and 11,534,960 and 11,540,644 shares outstanding, respectively 14,248 14,242
Additional paid-in capital 229,187 228,986
Retained earnings 160,797 156,878
Treasury stock, 2,712,835 and 2,701,684 shares, respectively, at cost (71,819) (71,484)
Accumulated other comprehensive loss (27,042) (25,322)
Equity attributable to Guaranty Bancshares, Inc. 305,371 303,300
Noncontrolling interest 539 546
Total equity 305,910 303,846
Total liabilities and equity $ 3,127,438 $ 3,184,791