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PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION | 12 Months Ended
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Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract] |
PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION | NOTE 23 - PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION Condensed financial information of Guaranty Bancshares, Inc. follows:
|  | December 31, |
|  | 2024 |  |  | 2023 |
ASSETS |  |  |  |  |  |
Cash and cash equivalents |  | $ | 1,752 |  |  | $ | 2,987 |
Investment in banking subsidiary |  |  | 358,829 |  |  |  | 351,367 |
Other assets |  |  | 3,054 |  |  |  | 2,428 |
Total assets |  | $ | 363,635 |  |  | $ | 356,782 |
LIABILITIES AND EQUITY |  |  |  |  |  |
Line of credit |  | $ | — |  |  | $ | 4,500 |
Subordinated debt, net |  |  | 41,918 |  |  |  | 45,785 |
Accrued expenses and other liabilities |  |  | 3,219 |  |  |  | 3,197 |
Shareholders’ equity |  |  | 318,498 |  |  |  | 303,300 |
Total liabilities and shareholders’ equity |  | $ | 363,635 |  |  | $ | 356,782 |
|  | For the Years Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Interest income |  | $ | 16 |  |  | $ | 15 |  |  | $ | 8 |
Other income |  |  | 3 |  |  |  | — |  |  |  | — |
Dividends from Guaranty Bank & Trust |  |  | 25,000 |  |  |  | 20,000 |  |  |  | — |
|  |  | 25,019 |  |  |  | 20,015 |  |  |  | 8 |
Expenses |  |  |  |  |  |  |  |  |
Interest expense |  |  | 2,071 |  |  |  | 2,506 |  |  |  | 1,755 |
Other expenses |  |  | 1,731 |  |  |  | 1,645 |  |  |  | 1,974 |
|  |  | 3,802 |  |  |  | 4,151 |  |  |  | 3,729 |
Income (loss) before income tax and equity in undistributed income of subsidiary |  |  | 21,217 |  |  |  | 15,864 |  |  |  | (3,721 | )
Income tax benefit |  |  | 1,082 |  |  |  | 912 |  |  |  | 924 |
Income (loss) before equity in undistributed earnings of subsidiary |  |  | 22,299 |  |  |  | 16,776 |  |  |  | (2,797 | )
Equity in undistributed earnings of subsidiary |  |  | 9,238 |  |  |  | 13,261 |  |  |  | 43,244 |
Net earnings |  | $ | 31,537 |  |  | $ | 30,037 |  |  | $ | 40,447 |
Comprehensive income |  | $ | 29,761 |  |  | $ | 28,975 |  |  | $ | 9,882 |
|  | For the Years Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Cash flows from operating activities |  |  |  |  |  |  |  |  |
Net earnings |  | $ | 31,537 |  |  | $ | 30,037 |  |  | $ | 40,447 |
Adjustments: |  |  |  |  |  |  |  |  |
Equity in undistributed subsidiary earnings |  |  | (9,238 | ) |  |  | (13,261 | ) |  |  | (43,244 | )
Stock based compensation |  |  | 542 |  |  |  | 594 |  |  |  | 688 |
Change in other assets |  |  | (493 | ) |  |  | (945 | ) |  |  | (724 | )
Change in other liabilities |  |  | (68 | ) |  |  | (60 | ) |  |  | 226 |
Net cash provided by (used in) operating activities |  |  | 22,280 |  |  |  | 16,365 |  |  |  | (2,607 | )
Cash flows from investing activities |  |  |  |  |  |  |  |  |
Net cash provided by investing activities |  |  | — |  |  |  | — |  |  |  | — |
Cash flows from financing activities |  |  |  |  |  |  |  |  |
Proceeds from line of credit |  |  | 3,000 |  |  |  | 17,500 |  |  |  | 35,436 |
Repayments of borrowings |  |  | (11,500 | ) |  |  | (16,500 | ) |  |  | (11,093 | )
Purchase of treasury stock |  |  | (6,368 | ) |  |  | (11,227 | ) |  |  | (8,838 | )
Exercise of stock options |  |  | 2,257 |  |  |  | 698 |  |  |  | 1,565 |
Cash dividends paid |  |  | (10,904 | ) |  |  | (10,697 | ) |  |  | (10,324 | )
Net cash (used in) provided by financing activities |  |  | (23,515 | ) |  |  | (20,226 | ) |  |  | 6,746 |
Net change in cash and cash equivalents |  |  | (1,235 | ) |  |  | (3,861 | ) |  |  | 4,139 |
Beginning cash and cash equivalents |  |  | 2,987 |  |  |  | 6,848 |  |  |  | 2,709 |
Ending cash and cash equivalents |  | $ | 1,752 |  |  | $ | 2,987 |  |  | $ | 6,848 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481231/810-10-45-11 + Details
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