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CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 50,623,000 $ 47,744,000
Federal funds sold 108,350,000 36,575,000
Interest-bearing deposits 3,973,000 5,205,000
Total cash and cash equivalents 162,946,000 89,524,000
Securities available for sale 277,567,000 196,195,000
Securities held to maturity 341,911,000 404,208,000
Loans held for sale 770,000 976,000
Loans, net of allowance for credit losses of $28,543 and $30,920, respectively 2,107,597,000 2,290,881,000
Accrued interest receivable 10,927,000 13,143,000
Premises and equipment, net 56,964,000 57,018,000
Other real estate owned 15,184,000 0
Cash surrender value of life insurance 42,623,000 42,348,000
Core deposit intangible, net 1,100,000 1,418,000
Goodwill 32,160,000 32,160,000
Other assets 47,356,000 56,920,000
Total assets 3,097,105,000 3,184,791,000
Deposits    
Noninterest-bearing 839,567,000 852,957,000
Interest-bearing 1,829,347,000 1,780,289,000
Total deposits 2,668,914,000 2,633,246,000
Securities sold under agreements to repurchase 31,164,000 25,172,000
Accrued interest and other liabilities 33,849,000 32,242,000
Line of credit 0 4,500,000
Federal Home Loan Bank advances 0 140,000,000
Subordinated debt, net 43,885,000 45,785,000
Total liabilities 2,777,812,000 2,880,945,000
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, 14,320,666 and 14,242,328 shares issued, and 11,408,908 and 11,540,644 shares outstanding, respectively 14,321,000 14,242,000
Additional paid-in capital 231,026,000 228,986,000
Retained earnings 170,148,000 156,878,000
Treasury stock, 2,911,758 and 2,701,684 shares, respectively, at cost (77,750,000) (71,484,000)
Accumulated other comprehensive loss (18,961,000) (25,322,000)
Equity attributable to Guaranty Bancshares, Inc. 318,784,000 303,300,000
Noncontrolling interest 509,000 546,000
Total equity 319,293,000 303,846,000
Total liabilities and equity $ 3,097,105,000 $ 3,184,791,000