XML 11 R4.htm IDEA: XBRL DOCUMENT v3.24.3
CONSOLIDATED STATEMENTS OF EARNINGS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Interest income        
Loans, including fees $ 34,615 $ 34,765 $ 105,115 $ 100,513
Securities        
Taxable 3,645 2,906 10,370 8,561
Nontaxable 1,081 1,150 3,339 3,649
Nonmarketable equity securities 194 304 722 1,024
Federal funds sold and interest-bearing deposits 898 693 2,352 1,949
Total interest income 40,433 39,818 121,898 115,696
Interest expense        
Deposits 15,243 13,069 44,526 30,670
FHLB advances and federal funds purchased 286 2,588 3,413 9,711
Subordinated debentures 506 534 1,534 1,609
Other borrowed money 207 325 767 539
Total interest expense 16,242 16,516 50,240 42,529
Net interest income 24,191 23,302 71,658 73,167
Reversal of provision for credit losses (500) 0 (1,950) 0
Net interest income after reversal of provision for credit losses 24,691 23,302 73,608 73,167
Noninterest income        
Service charges 1,165 1,131 3,332 3,264
Net realized loss on sales of securities available for sale 0 0 0 (229)
Net realized gain on sale of loans 252 218 751 1,005
Merchant and debit card fees 1,817 1,752 5,645 5,547
Other income 1,920 1,838 5,283 8,130
Total noninterest income 5,154 4,939 15,011 17,717
Noninterest expense        
Employee compensation and benefits 11,586 11,944 35,746 36,147
Occupancy expenses 3,026 2,960 8,697 8,544
Other expenses 6,066 5,610 17,529 16,261
Total noninterest expense 20,678 20,514 61,972 60,952
Income before income taxes 9,167 7,727 26,647 29,932
Income tax provision 1,788 1,437 5,164 5,789
Net earnings 7,379 6,290 21,483 24,143
Net loss attributable to noncontrolling interest 18 7 37 16
Net earnings attributable to Guaranty Bancshares, Inc. $ 7,397 $ 6,297 $ 21,520 $ 24,159
Basic earnings per share $ 0.65 $ 0.54 $ 1.88 $ 2.06
Diluted earnings per share $ 0.65 $ 0.54 $ 1.87 $ 2.05