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CONSOLIDATED STATEMENTS OF EARNINGS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest income    
Loans, including fees $ 33,316 $ 35,491
Securities    
Taxable 4,636 3,219
Nontaxable 996 1,165
Nonmarketable equity securities 117 248
Federal funds sold and interest-bearing deposits 1,218 629
Total interest income 40,283 40,752
Interest expense    
Deposits 12,877 14,459
FHLB advances and federal funds purchased 0 1,920
Subordinated debt 442 517
Other borrowed money 238 269
Total interest expense 13,557 17,165
Net interest income 26,726 23,587
Reversal of provision for credit losses (300) (250)
Net interest income after reversal of provision for credit losses 27,026 23,837
Noninterest income    
Service charges 1,086 1,069
Net realized gain on sale of loans 140 272
Merchant and debit card fees 2,127 1,706
Other income 1,680 2,211
Total noninterest income 5,033 5,258
Noninterest expense    
Employee compensation and benefits 12,240 12,437
Occupancy expenses 3,173 2,747
Other expenses 5,796 5,508
Total noninterest expense 21,209 20,692
Income before income taxes 10,850 8,403
Income tax provision 2,227 1,722
Net earnings 8,623 6,681
Net loss attributable to noncontrolling interest 17 7
Net earnings attributable to Guaranty Bancshares, Inc. $ 8,640 $ 6,688
Basic earnings per share $ 0.76 $ 0.58
Diluted earnings per share $ 0.75 $ 0.58