XML 41 R34.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

FAIR VALUE (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
Fair Value Disclosures [Abstract] |
Schedule of Financial Assets (Liabilities) Measured at Fair Value | The following tables summarize quantitative disclosures about the fair value measurements for each category of financial assets (liabilities) carried at fair value:
June 30, 2024 |  | Fair Value |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Other Unobservable Inputs (Level 3) |
Assets at fair value on a recurring basis: |  |  |  |  |  |  |  |  |  |  |  |
Available for sale securities: |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities |  | $ | 197,596 |  |  | $ | — |  |  | $ | 197,596 |  |  | $ | — |
Collateralized mortgage obligations |  |  | 15,287 |  |  |  | — |  |  |  | 15,287 |  |  |  | — |
Municipal securities |  |  | 2,410 |  |  |  | — |  |  |  | 2,410 |  |  |  | — |
Corporate bonds |  |  | 27,369 |  |  |  | — |  |  |  | 27,369 |  |  |  | — |
Loans held for sale |  |  | 871 |  |  |  | — |  |  |  | — |  |  |  | 871 |
Cash surrender value of life insurance |  |  | 42,369 |  |  |  | — |  |  |  | 42,369 |  |  |  | — |
SBA servicing assets |  |  | 574 |  |  |  | — |  |  |  | — |  |  |  | 574 |
Assets at fair value on a nonrecurring basis: |  |  |  |  |  |  |  |  |  |  |  |
Other real estate owned |  |  | 15,184 |  |  |  | — |  |  |  | — |  |  |  | 15,184 |
December 31, 2023 |  | Fair Value |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Other Unobservable Inputs (Level 3) |
Assets at fair value on a recurring basis: |  |  |  |  |  |  |  |  |  |  |  |
Available for sale securities: |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities |  | $ | 149,812 |  |  | $ | — |  |  | $ | 149,812 |  |  | $ | — |
Collateralized mortgage obligations |  |  | 17,074 |  |  |  | — |  |  |  | 17,074 |  |  |  | — |
Municipal securities |  |  | 2,504 |  |  |  | — |  |  |  | 2,504 |  |  |  | — |
Corporate bonds |  |  | 26,805 |  |  |  | — |  |  |  | 26,805 |  |  |  | — |
Loans held for sale |  |  | 976 |  |  |  | — |  |  |  | — |  |  |  | 976 |
Cash surrender value of life insurance |  |  | 42,348 |  |  |  | — |  |  |  | 42,348 |  |  |  | — |
SBA servicing assets |  |  | 691 |  |  |  | — |  |  |  | — |  |  |  | 691 |
Assets at fair value on a nonrecurring basis: |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated collateral dependent loans |  |  | 14,527 |  |  |  | — |  |  |  | — |  |  |  | 14,527 |
Schedule of Foreclosed Assets Measured and Recorded at Fair Value | The following table presents foreclosed assets that were remeasured and recorded at fair value as of June 30, 2024. There were no foreclosed assets that were remeasured and recorded at fair value as of June 30, 2023, or December 31, 2023.
|  | June 30, 2024 |
Other real estate owned remeasured at initial recognition: |  |  |
Carrying value of other real estate owned prior to remeasurement |  | $ | — |
Charge-offs recognized in the allowance for credit losses |  |  | — |
Fair value of other real estate owned remeasured at initial recognition |  | $ | — |
Other real estate owned remeasured subsequent to initial recognition: |  |  |
Carrying value of other real estate owned prior to remeasurement |  | $ | 14,900 |
Write-downs included in collection and other real estate owned expense |  |  | (900 | )
Fair value of other real estate owned remeasured subsequent to initial recognition |  | $ | 14,000 |
Schedule of Quantitative Information About Nonrecurring Level 3 Fair Value Measurements | The following table presents quantitative information about nonrecurring Level 3 fair value measurements as of June 30, 2024. T here were no nonrecurring level 3 fair value measurements requiring quantitative information as of December 31, 2023.
June 30, 2024 |  | Fair Value |  |  | Valuation Technique(s) |  | Unobservable Input(s) |  | Range (Weighted Average)
Other real estate owned |  | $ | 15,184 |  |  | Income approach; Market approach |  | Capitalization rate; Appraised value less selling costs |  | 6.50%; 26.00%
Schedule of Individually Evaluated Collateral Dependent Loans at Fair Value | There were no individually evaluated collateral dependent loans included in the ACL model as of June 30, 2024.
|  | Fair Value Measurements Using |  |  |  |
December 31, 2023 |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total Fair Value |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate |  | $ | — |  |  | $ | — |  |  | $ | 14,527 |  |  | $ | 14,527 |
Total |  | $ | — |  |  | $ | — |  |  | $ | 14,527 |  |  | $ | 14,527 |
Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments | The carrying amounts and estimated fair values of financial instruments not previously discussed in this note, as of June 30, 2024 and December 31, 2023, are as follows:
|  | Fair value measurements as of June 30, 2024 using: |
|  | Carrying Amount |  |  | Level 1 Inputs |  |  | Level 2 Inputs |  |  | Level 3 Inputs |  |  | Total Fair Value |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash, due from banks, federal funds sold and interest-bearing deposits |  | $ | 90,212 |  |  | $ | 90,212 |  |  | $ | — |  |  | $ | — |  |  | $ | 90,212 |
Marketable securities held to maturity |  |  | 347,992 |  |  |  | — |  |  |  | 316,323 |  |  |  | — |  |  |  | 316,323 |
Loans, net |  |  | 2,185,247 |  |  |  | — |  |  |  | — |  |  |  | 2,099,172 |  |  |  | 2,099,172 |
Accrued interest receivable |  |  | 12,397 |  |  |  | — |  |  |  | 12,397 |  |  |  | — |  |  |  | 12,397 |
Nonmarketable equity securities |  |  | 21,105 |  |  |  | — |  |  |  | 21,105 |  |  |  | — |  |  |  | 21,105 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 2,626,162 |  |  | $ | 1,898,737 |  |  | $ | 728,789 |  |  | $ | — |  |  | $ | 2,627,526 |
Securities sold under repurchase agreements |  |  | 25,173 |  |  |  | — |  |  |  | 25,173 |  |  |  | — |  |  |  | 25,173 |
Accrued interest payable |  |  | 5,646 |  |  |  | — |  |  |  | 5,646 |  |  |  | — |  |  |  | 5,646 |
Federal Home Loan Bank advances |  |  | 45,000 |  |  |  | — |  |  |  | 44,972 |  |  |  | — |  |  |  | 44,972 |
Subordinated debt |  |  | 43,852 |  |  |  | — |  |  |  | 44,490 |  |  |  | — |  |  |  | 44,490 |
|  | Fair value measurements as of December 31, 2023 using: |
|  | Carrying Amount |  |  | Level 1 Inputs |  |  | Level 2 Inputs |  |  | Level 3 Inputs |  |  | Total Fair Value |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash, due from banks, federal funds sold and interest-bearing deposits |  | $ | 89,524 |  |  | $ | 89,524 |  |  | $ | — |  |  | $ | — |  |  | $ | 89,524 |
Marketable securities held to maturity |  |  | 404,208 |  |  |  | — |  |  |  | 374,523 |  |  |  | — |  |  |  | 374,523 |
Loans, net |  |  | 2,290,881 |  |  |  | — |  |  |  | — |  |  |  | 2,187,669 |  |  |  | 2,187,669 |
Accrued interest receivable |  |  | 13,143 |  |  |  | — |  |  |  | 13,143 |  |  |  | — |  |  |  | 13,143 |
Nonmarketable equity securities |  |  | 24,128 |  |  |  | — |  |  |  | 24,128 |  |  |  | — |  |  |  | 24,128 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 2,633,246 |  |  | $ | 1,928,063 |  |  | $ | 706,074 |  |  | $ | — |  |  | $ | 2,634,137 |
Securities sold under repurchase agreements |  |  | 25,172 |  |  |  | — |  |  |  | 25,172 |  |  |  | — |  |  |  | 25,172 |
Accrued interest payable |  |  | 5,272 |  |  |  | — |  |  |  | 5,272 |  |  |  | — |  |  |  | 5,272 |
Federal Home Loan Bank advances |  |  | 140,000 |  |  |  | — |  |  |  | 139,963 |  |  |  | — |  |  |  | 139,963 |
Subordinated debt |  |  | 45,785 |  |  |  | — |  |  |  | 46,433 |  |  |  | — |  |  |  | 46,433 |

X
- Definition Schedule of individually evaluated collateral dependent loans at fair value. + References No definition available. + Details
Name: | gnty_ScheduleOfIndividuallyEvaluatedCollateralDependentLoansAtFairValueTableTextBlock
Namespace Prefix: | gnty_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financial instrument measured at fair value on recurring or nonrecurring basis. Includes, but is not limited to, instrument classified in shareholders' equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 100 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-100 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique used to measure similar asset in prior period by class of asset or liability on non-recurring basis. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisValuationTechniquesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-11 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration