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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 47,417 $ 47,744
Federal funds sold 94,750 36,575
Interest-bearing deposits 3,797 5,205
Total cash and cash equivalents 145,964 89,524
Securities available for sale 340,304 196,195
Securities held to maturity 334,732 404,208
Loans held for sale 143 976
Loans, net of allowance for credit losses of $28,290 and $30,920, respectively 2,102,565 2,290,881
Accrued interest receivable 12,016 13,143
Premises and equipment, net 56,010 57,018
Other real estate owned 1,184 0
Cash surrender value of life insurance 42,883 42,348
Core deposit intangible, net 994 1,418
Goodwill 32,160 32,160
Other assets 46,599 56,920
Total assets 3,115,554 3,184,791
Deposits    
Noninterest-bearing 837,432 852,957
Interest-bearing 1,854,735 1,780,289
Total deposits 2,692,167 2,633,246
Securities sold under agreements to repurchase 31,075 25,172
Accrued interest and other liabilities 31,320 32,242
Line of credit 0 4,500
Federal Home Loan Bank advances 0 140,000
Subordinated debt, net 41,918 45,785
Total liabilities 2,796,480 2,880,945
Commitments and contingencies (see Note 15)
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, 14,343,326 and 14,242,328 shares issued, and 11,431,568 and 11,540,644 shares outstanding, respectively 14,343 14,242
Additional paid-in capital 231,684 228,986
Retained earnings 177,421 156,878
Treasury stock, 2,911,758 and 2,701,684 shares, respectively, at cost (77,852) (71,484)
Accumulated other comprehensive loss (27,098) (25,322)
Equity attributable to Guaranty Bancshares, Inc. 318,498 303,300
Noncontrolling interest 576 546
Total equity 319,074 303,846
Total liabilities and equity $ 3,115,554 $ 3,184,791