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CONSOLIDATED STATEMENTS OF EARNINGS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest income        
Loans, including fees $ 27,455 $ 22,605 $ 74,314 $ 69,664
Securities        
Taxable 3,331 1,203 8,133 3,393
Nontaxable 1,324 1,050 3,764 3,142
Federal funds sold and interest-bearing deposits 366 377 1,278 833
Total interest income 32,476 25,235 87,489 77,032
Interest expense        
Deposits 2,455 1,348 5,320 4,444
FHLB advances and federal funds purchased 1,211 107 1,447 308
Subordinated debentures 509 182 1,208 558
Other borrowed money 4 28 43 184
Total interest expense 4,179 1,665 8,018 5,494
Net interest income 28,297 23,570 79,471 71,538
Provision for (reversal of) credit losses 600 (700) (650) (1,700)
Net interest income after provision for credit losses 27,697 24,270 80,121 73,238
Noninterest income        
Service charges 1,146 1,003 3,192 2,687
Net realized gain on sale of loans 338 1,759 2,125 4,401
Merchant and debit card fees 1,738 1,620 5,410 5,048
Other income 2,581 2,067 7,636 6,402
Total noninterest income 5,803 6,449 18,363 18,538
Noninterest expense        
Employee compensation and benefits 11,851 10,998 35,113 31,145
Occupancy expenses 2,800 2,738 8,359 8,258
Other expenses 5,586 5,551 15,538 14,899
Total noninterest expense 20,237 19,287 59,010 54,302
Income before income taxes 13,263 11,432 39,474 37,474
Income tax provision 2,363 2,179 7,070 6,827
Net earnings 10,900 9,253 32,404 30,647
Net loss attributable to noncontrolling interest 3 0 21 0
Net earnings attributable to Guaranty Bancshares, Inc. $ 10,903 $ 9,253 $ 32,425 $ 30,647
Basic earnings per share $ 0.92 $ 0.77 $ 2.70 $ 2.54
Diluted earnings per share $ 0.91 $ 0.76 $ 2.68 $ 2.51