PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION (Tables)

12 Months Ended

Dec. 31, 2024

Condensed Financial Information Disclosure [Abstract]

Condensed Balance Sheet

Condensed financial information of Guaranty Bancshares, Inc. follows:

	December 31,
	2024		2023
ASSETS
Cash and cash equivalents	$	1,752	$	2,987
Investment in banking subsidiary		358,829		351,367
Other assets		3,054		2,428
Total assets	$	363,635	$	356,782
LIABILITIES AND EQUITY
Line of credit	$	—	$	4,500
Subordinated debt, net		41,918		45,785
Accrued expenses and other liabilities		3,219		3,197
Shareholders’ equity		318,498		303,300
Total liabilities and shareholders’ equity	$	363,635	$	356,782

Condensed Income Statement

	For the Years Ended December 31,
	2024		2023		2022
Interest income	$	16	$	15	$	8
Other income		3		—		—
Dividends from Guaranty Bank & Trust		25,000		20,000		—
		25,019		20,015		8
Expenses
Interest expense		2,071		2,506		1,755
Other expenses		1,731		1,645		1,974
		3,802		4,151		3,729
Income (loss) before income tax and equity in undistributed income of subsidiary		21,217		15,864		(3,721	)
Income tax benefit		1,082		912		924
Income (loss) before equity in undistributed earnings of subsidiary		22,299		16,776		(2,797	)
Equity in undistributed earnings of subsidiary		9,238		13,261		43,244
Net earnings	$	31,537	$	30,037	$	40,447
Comprehensive income	$	29,761	$	28,975	$	9,882

Condensed Cash Flow Statement

	For the Years Ended December 31,
	2024			2023			2022
Cash flows from operating activities
Net earnings	$	31,537		$	30,037		$	40,447
Adjustments:
Equity in undistributed subsidiary earnings		(9,238	)		(13,261	)		(43,244	)
Stock based compensation		542			594			688
Change in other assets		(493	)		(945	)		(724	)
Change in other liabilities		(68	)		(60	)		226
Net cash provided by (used in) operating activities		22,280			16,365			(2,607	)
Cash flows from investing activities
Net cash provided by investing activities		—			—			—
Cash flows from financing activities
Proceeds from line of credit		3,000			17,500			35,436
Repayments of borrowings		(11,500	)		(16,500	)		(11,093	)
Purchase of treasury stock		(6,368	)		(11,227	)		(8,838	)
Exercise of stock options		2,257			698			1,565
Cash dividends paid		(10,904	)		(10,697	)		(10,324	)
Net cash (used in) provided by financing activities		(23,515	)		(20,226	)		6,746
Net change in cash and cash equivalents		(1,235	)		(3,861	)		4,139
Beginning cash and cash equivalents		2,987			6,848			2,709
Ending cash and cash equivalents	$	1,752		$	2,987		$	6,848