PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION (Tables)

12 Months Ended

Dec. 31, 2017

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Balance Sheet

Condensed financial information of Guaranty Bancshares, Inc. follows:

	2017		2016
ASSETS
Cash and cash equivalents	$	14,009	$	1,645
Investment in banking subsidiaries	208,995		176,979
Other assets	511		1,781
Total assets	$	223,515	$	180,405
LIABILITIES AND EQUITY
Debt	$	13,810	$	37,596
Accrued expenses and other liabilities	2,360		895
KSOP-owned shares	—		31,661
Shareholders’ equity	207,345		110,253
Total liabilities and shareholders’ equity	$	223,515	$	180,405

	2017			2016		2015
Interest income	$	11		$	19	$	3
Dividends from Guaranty Bank & Trust	—			12,000		20,000
	11			12,019		20,003
Expenses
Interest expense	1,024			1,417		1,045
Other expenses	1,682			1,406		1,811
	2,706			2,823		2,856
(Loss ) income before income tax and equity in undistributed income of subsidiary	(2,695		)	9,196		17,147
Income tax benefit	354			900		850
Income before equity in undistributed earnings of subsidiary	(2,341		)	10,096		17,997
Equity in undistributed earnings (loss) of subsidiary	16,780			2,025		(7,886		)
Net earnings	$	14,439		$	12,121	$	10,111
Comprehensive income	$	14,799		$	12,207	$	9,362

Condensed Income Statement

Condensed financial information of Guaranty Bancshares, Inc. follows:

	2017		2016
ASSETS
Cash and cash equivalents	$	14,009	$	1,645
Investment in banking subsidiaries	208,995		176,979
Other assets	511		1,781
Total assets	$	223,515	$	180,405
LIABILITIES AND EQUITY
Debt	$	13,810	$	37,596
Accrued expenses and other liabilities	2,360		895
KSOP-owned shares	—		31,661
Shareholders’ equity	207,345		110,253
Total liabilities and shareholders’ equity	$	223,515	$	180,405

	2017			2016		2015
Interest income	$	11		$	19	$	3
Dividends from Guaranty Bank & Trust	—			12,000		20,000
	11			12,019		20,003
Expenses
Interest expense	1,024			1,417		1,045
Other expenses	1,682			1,406		1,811
	2,706			2,823		2,856
(Loss ) income before income tax and equity in undistributed income of subsidiary	(2,695		)	9,196		17,147
Income tax benefit	354			900		850
Income before equity in undistributed earnings of subsidiary	(2,341		)	10,096		17,997
Equity in undistributed earnings (loss) of subsidiary	16,780			2,025		(7,886		)
Net earnings	$	14,439		$	12,121	$	10,111
Comprehensive income	$	14,799		$	12,207	$	9,362

Condensed Cash Flow Statement

	2017			2016			2015
Cash flows from operating activities
Net earnings	$	14,439		$	12,121		$	10,111
Adjustments:
Distributions in excess of (equity in undistributed) subsidiary earnings	(16,780		)	(2,025		)	7,886
Stock based compensation	355			211			237
Change in other assets	1,270			89			(646		)
Change in other liabilities	1,589			(227		)	(95		)
Net cash provided by operating activities	873			10,169			17,493
Cash flows from investing activities
Acquisition of DCB Financial Corporation	—			—			(7,329		)
Acquisition of Texas Leadership Bank of Royce City	—			—			(7,771		)
Investment in Guaranty Bank & Trust	(15,000		)	—			(4,000		)
Net cash used in investing activities	(15,000		)	—			(19,100		)
Cash flows from financing activities
Proceeds of borrowings	2,000			19,000			27,000
Repayments of borrowings	(25,786		)	(20,714		)	(13,000		)
Sale of common stock	55,755			—			7,266
Purchase of treasury stock	—			(12,218		)	(14,568		)
Sale of treasury stock	—			8,557			—
Exercise of stock options	84			36			—
Dividends paid	(5,562		)	(4,615		)	(4,526		)
Net cash provided by (used in) financing activities	26,491			(9,954		)	2,172
Net change in cash and cash equivalents	12,364			215			565
Beginning cash and cash equivalents	1,645			1,430			865
Ending cash and cash equivalents	$	14,009		$	1,645		$	1,430