PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION (Tables)

12 Months Ended

Dec. 31, 2020

Condensed Financial Information Of Parent Company Only Disclosure [Abstract]

Condensed Balance Sheet

Condensed financial information of Guaranty Bancshares, Inc. follows:

	2020		2019
ASSETS
Cash and cash equivalents	$	1,227	$	7,264
Investment in banking subsidiaries		305,926		268,237
Other assets		451		469
Total assets	$	307,604	$	275,970
LIABILITIES AND EQUITY
Debt	$	31,810	$	11,563
Accrued expenses and other liabilities		3,151		2,856
Shareholders’ equity		272,643		261,551
Total liabilities and shareholders’ equity	$	307,604	$	275,970

Condensed Income Statement

	2020			2019		2018
Interest income	$	10		$	15	$	13
Dividends from Guaranty Bank & Trust		—			23,000		10,000
		10			23,015		10,013
Expenses
Interest expense		939			653		687
Other expenses		2,000			1,819		2,590
		2,939			2,472		3,277
Income (loss) before income tax and equity in undistributed income of subsidiary		(2,929	)		20,543		6,736
Income tax benefit		574			639		482
Income (loss) before equity in undistributed earnings of subsidiary		(2,355	)		21,182		7,218
Equity in undistributed earnings of subsidiary		29,757			5,097		13,378
Net earnings	$	27,402		$	26,279	$	20,596
Comprehensive income	$	38,824		$	33,648	$	18,047

Condensed Cash Flow Statement

	2020			2019			2018
Cash flows from operating activities
Net earnings	$	27,402		$	26,279		$	20,596
Adjustments:
Equity in undistributed subsidiary earnings		(29,757	)		(5,097	)		(13,378	)
Stock based compensation		749			663			592
Change in other assets		18			85			127
Change in other liabilities		(673	)		503			557
Net cash (used in) provided by operating activities		(2,261	)		22,433			8,494
Cash flows from investing activities
Cash paid in connection with acquisitions		—			—			(6,423	)
Net cash used in investing activities		—			—			(6,423	)
Cash flows from financing activities
Proceeds of borrowings		40,000			—			—
Repayments of borrowings		(19,000	)		(2,000	)		(1,000	)
Purchase of treasury stock		(16,927	)		(10,140	)		(4,265	)
Exercise of stock options		638			925			327
Dividends paid		(8,487	)		(8,065	)		(7,031	)
Net cash used in financing activities		(3,776	)		(19,280	)		(11,969	)
Net change in cash and cash equivalents		(6,037	)		3,153			(9,898	)
Beginning cash and cash equivalents		7,264			4,111			14,009
Ending cash and cash equivalents	$	1,227		$	7,264		$	4,111