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CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Interest income      
Loans, including fees $ 139,434 $ 136,086 $ 104,503
Securities      
Taxable 14,735 11,580 11,466
Nontaxable 4,377 4,789 5,131
Nonmarketable equity securities 857 1,288 1,246
Federal funds sold and interest-bearing deposits 3,757 2,749 863
Total interest income 163,160 156,492 123,209
Interest expense      
Deposits 58,827 44,981 9,753
FHLB advances and federal funds purchased 3,498 11,626 3,855
Subordinated debentures 2,047 2,143 1,722
Other borrowed money 909 762 50
Total interest expense 65,281 59,512 15,380
Net interest income 97,879 96,980 107,829
(Reversal of) provision for credit losses (2,200) 0 2,150
Net interest income after (reversal of) provision for credit losses 100,079 96,980 105,679
Noninterest income      
Service charges 4,474 4,387 4,288
Net realized (loss) gain on sales of securities available for sale 0 (229) 172
Net realized gain on sale of loans 991 1,201 2,435
Merchant and debit card fees 7,420 7,307 7,121
Other income 7,852 9,847 9,469
Total noninterest income 20,737 22,513 23,485
Noninterest expense      
Employee compensation and benefits 46,794 48,862 47,477
Occupancy expenses 11,820 11,301 11,129
Other expenses 23,238 22,191 21,301
Total noninterest expense 81,852 82,354 79,907
Income before income taxes 38,964 37,139 49,257
Income tax provision 7,473 7,130 8,834
Net earnings 31,491 30,009 40,423
Net loss attributable to noncontrolling interest 46 28 24
Net earnings attributable to Guaranty Bancshares, Inc. $ 31,537 $ 30,037 $ 40,447
Basic earnings per share $ 2.75 $ 2.57 $ 3.38
Diluted earnings per share $ 2.74 $ 2.56 $ 3.34