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PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2018
Condensed Financial Information Disclosure [Abstract] |
Condensed Balance Sheet | Condensed financial information of Guaranty Bancshares, Inc. follows:
| 2018 |  | 2017
ASSETS |  |  |
Cash and cash equivalents | $ | 4,111 |  |  | $ | 14,009 |
Investment in banking subsidiaries | 255,637 |  |  | 208,995 |
Other assets | 384 |  |  | 511 |
Total assets | $ | 260,132 |  |  | $ | 223,515 |
LIABILITIES AND EQUITY |  |  |
Debt | $ | 12,810 |  |  | $ | 13,810 |
Accrued expenses and other liabilities | 2,739 |  |  | 2,360 |
KSOP-owned shares | — |  |  | — |
Shareholders’ equity | 244,583 |  |  | 207,345 |
Total liabilities and shareholders’ equity | $ | 260,132 |  |  | $ | 223,515 |
| 2018 |  | 2017 |  | 2016
Interest income | $ | 13 |  |  | $ | 11 |  |  | $ | 19 |
Dividends from Guaranty Bank & Trust | 10,000 |  |  | — |  |  | 12,000 |
| 10,013 |  |  | 11 |  |  | 12,019 |
Expenses |  |  |  |  |
Interest expense | 687 |  |  | 1,024 |  |  | 1,417 |
Other expenses | 2,590 |  |  | 1,682 |  |  | 1,406 |
| 3,277 |  |  | 2,706 |  |  | 2,823 |
Income (loss) before income tax and equity in undistributed income of subsidiary | 6,736 |  |  | (2,695 | ) |  | 9,196 |
Income tax benefit | 482 |  |  | 354 |  |  | 900 |
Income (loss) before equity in undistributed earnings of subsidiary | 7,218 |  |  | (2,341 | ) |  | 10,096 |
Equity in undistributed earnings of subsidiary | 13,378 |  |  | 16,780 |  |  | 2,025 |
Net earnings | $ | 20,596 |  |  | $ | 14,439 |  |  | $ | 12,121 |
Comprehensive income | $ | 18,047 |  |  | $ | 14,799 |  |  | $ | 12,207 |
Condensed Income Statement | Condensed financial information of Guaranty Bancshares, Inc. follows:
| 2018 |  | 2017
ASSETS |  |  |
Cash and cash equivalents | $ | 4,111 |  |  | $ | 14,009 |
Investment in banking subsidiaries | 255,637 |  |  | 208,995 |
Other assets | 384 |  |  | 511 |
Total assets | $ | 260,132 |  |  | $ | 223,515 |
LIABILITIES AND EQUITY |  |  |
Debt | $ | 12,810 |  |  | $ | 13,810 |
Accrued expenses and other liabilities | 2,739 |  |  | 2,360 |
KSOP-owned shares | — |  |  | — |
Shareholders’ equity | 244,583 |  |  | 207,345 |
Total liabilities and shareholders’ equity | $ | 260,132 |  |  | $ | 223,515 |
| 2018 |  | 2017 |  | 2016
Interest income | $ | 13 |  |  | $ | 11 |  |  | $ | 19 |
Dividends from Guaranty Bank & Trust | 10,000 |  |  | — |  |  | 12,000 |
| 10,013 |  |  | 11 |  |  | 12,019 |
Expenses |  |  |  |  |
Interest expense | 687 |  |  | 1,024 |  |  | 1,417 |
Other expenses | 2,590 |  |  | 1,682 |  |  | 1,406 |
| 3,277 |  |  | 2,706 |  |  | 2,823 |
Income (loss) before income tax and equity in undistributed income of subsidiary | 6,736 |  |  | (2,695 | ) |  | 9,196 |
Income tax benefit | 482 |  |  | 354 |  |  | 900 |
Income (loss) before equity in undistributed earnings of subsidiary | 7,218 |  |  | (2,341 | ) |  | 10,096 |
Equity in undistributed earnings of subsidiary | 13,378 |  |  | 16,780 |  |  | 2,025 |
Net earnings | $ | 20,596 |  |  | $ | 14,439 |  |  | $ | 12,121 |
Comprehensive income | $ | 18,047 |  |  | $ | 14,799 |  |  | $ | 12,207 |
Condensed Cash Flow Statement |
| 2018 |  | 2017 |  | 2016
Cash flows from operating activities |  |  |  |  |
Net earnings | $ | 20,596 |  |  | $ | 14,439 |  |  | $ | 12,121 |
Adjustments: |  |  |  |  |
Equity in undistributed subsidiary earnings | (13,378 | ) |  | (16,780 | ) |  | (2,025 | )
Stock based compensation | 592 |  |  | 355 |  |  | 211 |
Change in other assets | 127 |  |  | 1,270 |  |  | 89 |
Change in other liabilities | 557 |  |  | 1,589 |  |  | (227 | )
Net cash provided by operating activities | 8,494 |  |  | 873 |  |  | 10,169 |
Cash flows from investing activities |  |  |  |  |
Cash paid in connection with acquisitions | (6,423 | ) |  | — |  |  | — |
Investment in Guaranty Bank & Trust | — |  |  | (15,000 | ) |  | — |
Net cash used in investing activities | (6,423 | ) |  | (15,000 | ) |  | — |
Cash flows from financing activities |  |  |  |  |
Proceeds of borrowings | — |  |  | 2,000 |  |  | 19,000 |
Repayments of borrowings | (1,000 | ) |  | (25,786 | ) |  | (20,714 | )
Sale of common stock | — |  |  | 55,755 |  |  | — |
Purchase of treasury stock | (4,265 | ) |  | — |  |  | (12,218 | )
Sale of treasury stock | — |  |  | — |  |  | 8,557 |
Exercise of stock options | 327 |  |  | 84 |  |  | 36 |
Dividends paid | (7,031 | ) |  | (5,562 | ) |  | (4,615 | )
Net cash (used in) provided by financing activities | (11,969 | ) |  | 26,491 |  |  | (9,954 | )
Net change in cash and cash equivalents | (9,898 | ) |  | 12,364 |  |  | 215 |
Beginning cash and cash equivalents | 14,009 |  |  | 1,645 |  |  | 1,430 |
Ending cash and cash equivalents | $ | 4,111 |  |  | $ | 14,009 |  |  | $ | 1,645 |

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