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EARNINGS PER SHARE | 9 Months Ended
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Sep. 30, 2023
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | NOTE 14 - EARNINGS PER SHARE Basic earnings per share is computed by dividing net earnings available to common shareholders by the weighted-average common shares outstanding for the period. Net losses attributable to the noncontrolling interest during the three and nine months ended September 30, 2023 were $7 and $16, respectively, and are excluded from this calculation. Net losses attributable to the noncontrolling interest during the three and nine months ended September 30, 2022 were $3 and $21, respectively, and are excluded from this calculation. Diluted earnings per share reflects the maximum potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock and would then share in the net earnings of the Company. Dilutive share equivalents include stock-based awards issued to employees. Stock options granted by the Company are treated as potential shares in computing diluted earnings per share. Diluted shares outstanding include the dilutive effect of in-the-money awards which is calculated based on the average share price for each fiscal period using the treasury stock method. Under the treasury stock method, the amount that the employee must pay for exercising stock options, the amount of compensation cost for future service that the Company has not yet recognized, and the amount of tax impact that would be recorded in additional paid-in capital when the award becomes deductible are assumed to be used to repurchase shares. The computations of basic and diluted earnings per share for the Company were as follows for the:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net earnings attributable to Guaranty Bancshares, Inc. |  | $ | 6,297 |  |  | $ | 10,903 |  |  | $ | 24,159 |  |  | $ | 32,425 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average shares outstanding (basic) |  |  | 11,568,897 |  |  |  | 11,907,233 |  |  |  | 11,746,630 |  |  |  | 11,994,105 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |
Common stock equivalent shares from stock options |  |  | 50,445 |  |  |  | 125,158 |  |  |  | 44,573 |  |  |  | 125,344 |
Weighted-average shares outstanding (diluted) |  |  | 11,619,342 |  |  |  | 12,032,391 |  |  |  | 11,791,204 |  |  |  | 12,119,449 |
Net earnings attributable to Guaranty Bancshares, Inc. per share |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.54 |  |  | $ | 0.92 |  |  | $ | 2.06 |  |  | $ | 2.70 |
Diluted |  | $ | 0.54 |  |  | $ | 0.91 |  |  | $ | 2.05 |  |  | $ | 2.68 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-3 + Details
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