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PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2019
Condensed Financial Information Of Parent Company Only Disclosure [Abstract] |
Condensed Balance Sheet | Condensed financial information of Guaranty Bancshares, Inc. follows:
|  | 2019 |  |  | 2018 |
ASSETS |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 7,264 |  |  | $ | 4,111 |
Investment in banking subsidiaries |  |  | 268,237 |  |  |  | 255,637 |
Other assets |  |  | 469 |  |  |  | 384 |
Total assets |  | $ | 275,970 |  |  | $ | 260,132 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |
Debt |  | $ | 11,563 |  |  | $ | 12,810 |
Accrued expenses and other liabilities |  |  | 2,856 |  |  |  | 2,739 |
Shareholders’ equity |  |  | 261,551 |  |  |  | 244,583 |
Total liabilities and shareholders’ equity |  | $ | 275,970 |  |  | $ | 260,132 |
Condensed Income Statement |
|  | 2019 |  |  | 2018 |  |  | 2017 |
Interest income |  | $ | 15 |  |  | $ | 13 |  |  | $ | 11 |
Dividends from Guaranty Bank & Trust |  |  | 23,000 |  |  |  | 10,000 |  |  |  | — |
|  |  | 23,015 |  |  |  | 10,013 |  |  |  | 11 |
Expenses |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  | 653 |  |  |  | 687 |  |  |  | 1,024 |
Other expenses |  |  | 1,819 |  |  |  | 2,590 |  |  |  | 1,682 |
|  |  | 2,472 |  |  |  | 3,277 |  |  |  | 2,706 |
Income (loss) before income tax and equity in undistributed income of subsidiary |  |  | 20,543 |  |  |  | 6,736 |  |  |  | (2,695 | )
Income tax benefit |  |  | 639 |  |  |  | 482 |  |  |  | 354 |
Income (loss) before equity in undistributed earnings of subsidiary |  |  | 21,182 |  |  |  | 7,218 |  |  |  | (2,341 | )
Equity in undistributed earnings of subsidiary |  |  | 5,097 |  |  |  | 13,378 |  |  |  | 16,780 |
Net earnings |  | $ | 26,279 |  |  | $ | 20,596 |  |  | $ | 14,439 |
Comprehensive income |  | $ | 33,648 |  |  | $ | 18,047 |  |  | $ | 14,799 |
Condensed Cash Flow Statement |
|  | 2019 |  |  | 2018 |  |  | 2017 |
Cash flows from operating activities |  |  |  |  |  |  |  |  |  |  |  |
Net earnings |  | $ | 26,279 |  |  | $ | 20,596 |  |  | $ | 14,439 |
Adjustments: |  |  |  |  |  |  |  |  |  |  |  |
Equity in undistributed subsidiary earnings |  |  | (5,097 | ) |  |  | (13,378 | ) |  |  | (16,780 | )
Stock based compensation |  |  | 663 |  |  |  | 592 |  |  |  | 355 |
Change in other assets |  |  | 85 |  |  |  | 127 |  |  |  | 1,270 |
Change in other liabilities |  |  | 503 |  |  |  | 557 |  |  |  | 1,589 |
Net cash provided by operating activities |  |  | 22,433 |  |  |  | 8,494 |  |  |  | 873 |
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 |
Repayments of borrowings |  |  | (2,000 | ) |  |  | (1,000 | ) |  |  | (25,786 | )
Sale of common stock |  |  | — |  |  |  | — |  |  |  | 55,755 |
Purchase of treasury stock |  |  | (10,140 | ) |  |  | (4,265 | ) |  |  | — |
Exercise of stock options |  |  | 925 |  |  |  | 327 |  |  |  | 84 |
Dividends paid |  |  | (8,065 | ) |  |  | (7,031 | ) |  |  | (5,562 | )
Net cash (used in) provided by financing activities |  |  | (19,280 | ) |  |  | (11,969 | ) |  |  | 26,491 |
Net change in cash and cash equivalents |  |  | 3,153 |  |  |  | (9,898 | ) |  |  | 12,364 |
Beginning cash and cash equivalents |  |  | 4,111 |  |  |  | 14,009 |  |  |  | 1,645 |
Ending cash and cash equivalents |  | $ | 7,264 |  |  | $ | 4,111 |  |  | $ | 14,009 |

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