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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 45,016 $ 47,744
Federal funds sold 40,475 36,575
Interest-bearing deposits 4,721 5,205
Total cash and cash equivalents 90,212 89,524
Securities available for sale 242,662 196,195
Securities held to maturity 347,992 404,208
Loans held for sale 871 976
Loans, net of allowance for credit losses of $29,282 and $30,920, respectively 2,185,247 2,290,881
Accrued interest receivable 12,397 13,143
Premises and equipment, net 57,475 57,018
Other real estate owned 15,184 0
Cash surrender value of life insurance 42,369 42,348
Core deposit intangible, net 1,206 1,418
Goodwill 32,160 32,160
Other assets 53,842 56,920
Total assets 3,081,617 3,184,791
Deposits    
Noninterest-bearing 820,430 852,957
Interest-bearing 1,805,732 1,780,289
Total deposits 2,626,162 2,633,246
Securities sold under agreements to repurchase 25,173 25,172
Accrued interest and other liabilities 32,860 32,242
Line of credit 0 4,500
Federal Home Loan Bank advances 45,000 140,000
Subordinated debt, net 43,852 45,785
Total liabilities 2,773,047 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, 14,269,032 and 14,242,328 shares issued, and 11,417,270 and 11,540,644 shares outstanding, respectively 14,269 14,242
Additional paid-in capital 229,793 228,986
Retained earnings 165,489 156,878
Treasury stock, 2,851,762 and 2,701,684 shares, respectively, at cost (75,911) (71,484)
Accumulated other comprehensive loss (25,597) (25,322)
Equity attributable to Guaranty Bancshares, Inc. 308,043 303,300
Noncontrolling interest 527 546
Total equity 308,570 303,846
Total liabilities and equity $ 3,081,617 $ 3,184,791