Guaranty Bancshares (GNTY) 10-Q 5 May 23 2023 Q1 Quarterly report Financial data

DOCUMENT AND ENTITY INFORMATION

DOCUMENT AND ENTITY INFORMATION - shares	3 Months Ended
	Mar. 31, 2023	May 03, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Trading Symbol	GNTY
Entity Registrant Name	GUARANTY BANCSHARES, INC.
Entity Central Index Key	0001058867
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		11,800,776
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity File Number	001-38087
Entity Tax Identification Number	75-1656431
Entity Address, Address Line One	16475 Dallas Parkway, Suite 600
Entity Address, City or Town	Addison
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	75001
City Area Code	888
Local Phone Number	572 - 9881
Entity Shell Company	false
Title of 12(b) Security	Common Stock, par value $1.00 per share
Security Exchange Name	NYSE
Entity Incorporation, State or Country Code	TX
Document Quarterly Report	true
Document Transition Report	false
Entity Bankruptcy Proceedings, Reporting Current	true

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
ASSETS
Cash and due from banks	$ 59,030	$ 52,390
Federal funds sold	95,400	47,275
Interest-bearing deposits	3,695	6,802
Total cash and cash equivalents	158,125	106,467
Securities available for sale	173,744	188,927
Securities held to maturity	476,105	509,008
Loans held for sale	1,260	3,156
Loans, net of allowance for credit losses of $31,953 and $31,974, respectively	2,344,240	2,344,245
Accrued interest receivable	10,443	11,555
Premises and equipment, net	55,457	54,291
Other real estate owned	38	38
Cash surrender value of life insurance	38,619	38,404
Core deposit intangible, net	1,746	1,859
Goodwill	32,160	32,160
Other assets	64,350	61,385
Total assets	3,356,287	3,351,495
Deposits
Noninterest-bearing	992,527	1,052,144
Interest-bearing	1,630,841	1,629,010
Total deposits	2,623,368	2,681,154
Securities sold under agreements to repurchase	13,338	7,221
Accrued interest and other liabilities	30,125	28,409
Federal Home Loan Bank advances and Federal Funds Purchased	340,000	290,000
Subordinated debt, net	49,186	49,153
Total liabilities	3,056,017	3,055,937
Commitments and contingencies (see Note 11)
Equity
Preferred stock, $5.00 par value, 15,000,000 shares authorized, no shares issued	0	0
Common stock, $1.00 par value, 50,000,000 shares authorized, 14,217,952 and 14,208,558 shares issued, and 11,925,814 and 11,941,672 shares outstanding, respectively	14,218	14,209
Additional paid-in capital	228,091	227,727
Retained earnings	143,102	137,565
Treasury stock, 2,292,138 and 2,266,886 shares, respectively, at cost	(61,001)	(60,257)
Accumulated other comprehensive loss	(24,710)	(24,260)
Equity attributable to Guaranty Bancshares, Inc.	299,700	294,984
Noncontrolling interest	570	574
Total equity	300,270	295,558
Total liabilities and equity	$ 3,356,287	$ 3,351,495

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Allowance for credit losses	$ 31,953	$ 31,974
Preferred stock, par value (in USD per share)	$ 5	$ 5
Preferred stock, shares authorized (in shares)	15,000,000	15,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in USD per share)	$ 1	$ 1
Common stock, shares authorized (in shares)	50,000,000	50,000,000
Common stock, shares issued (in shares)	14,217,952	14,208,558
Common stock, shares outstanding (in shares)	11,925,357	11,941,672
Treasury stock (in shares)	2,292,595	2,266,886

CONSOLIDATED STATEMENTS OF EARN

CONSOLIDATED STATEMENTS OF EARNINGS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Interest income
Loans, including fees	$ 32,157	$ 22,272
Securities
Taxable	2,814	1,953
Nontaxable	1,304	1,150
Nonmarketable equity securities	419	408
Federal funds sold and interest-bearing deposits	450	110
Total interest income	37,144	25,893
Interest expense
Deposits	7,655	1,242
FHLB advances and federal funds purchased	3,774	46
Subordinated debentures	540	246
Other borrowed money	13	36
Total interest expense	11,982	1,570
Net interest income	25,162	24,323
Provision for (reversal of) credit losses	0	(1,250)
Net interest income after provision for (reversal of) credit losses	25,162	25,573
Noninterest income
Service charges	1,077	976
Net realized gain on sales of securities available for sale	93	0
Net realized gain on sale of loans	314	905
Merchant and debit card fees	1,674	1,611
Other income	1,747	2,987
Total noninterest income	4,905	6,479
Noninterest expense
Employee compensation and benefits	12,264	11,532
Occupancy expenses	2,830	2,711
Other expenses	4,873	4,836
Total noninterest expense	19,967	19,079
Income before income taxes	10,100	12,973
Income tax provision	1,823	2,235
Net earnings	8,277	10,738
Net loss attributable to noncontrolling interest	4	0
Net earnings attributable to Guaranty Bancshares, Inc.	$ 8,281	$ 10,738
Basic earnings per share	$ 0.69	$ 0.89
Diluted earnings per share	$ 0.69	$ 0.88

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Net earnings	$ 8,277	$ 10,738
Unrealized losses on securities:
Unrealized holding losses arising during the period, net of tax	(37)	(16,213)
Reclassification adjustment for net gains included in net earnings, net of tax	(73)	0
Amortization of net unrealized losses on held to maturity securities	(340)	(776)
Unrealized gains (losses) on securities, net of tax	(450)	(16,989)
Unrealized gains (losses) on interest rate swaps:
Unrealized holding gains arising during the period	0	497
Reclassification of realized gains on interest rate swap termination from accumulated other comprehensive income	0	(685)
Unrealized gains (losses) on interest rate swaps	0	(188)
Total other comprehensive (loss) income	(450)	(17,177)
Comprehensive income	7,827	(6,439)
Less comprehensive loss attributable to noncontrolling interest	4	0
Comprehensive income attributable to Guaranty Bancshares, Inc.	$ 7,831	$ (6,439)

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Unaudited) - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Treasury Stock	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interest
Beginning Balance at Dec. 31, 2021	$ 302,214	$ 14,139	$ 225,544	$ 107,645	$ (51,419)	$ 6,305
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	10,738			10,738
Other comprehensive loss	(17,177)					(17,177)
Purchase of treasury stock	(1,993)				(1,993)
Stock based compensation	156		156
Dividends: Common Stock	(2,656)			(2,656)
Contributions from noncontrolling interest	598						$ 598
Ending Balance at Mar. 31, 2022	291,880	14,139	225,700	115,727	(53,412)	(10,872)	598
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity attributable to Guaranty Bancshares, Inc.	291,282	14,139	225,700	115,727	(53,412)	(10,872)
Equity attributable to Guaranty Bancshares, Inc.	294,984
Beginning Balance at Dec. 31, 2022	295,558	14,209	227,727	137,565	(60,257)	(24,260)	574
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	8,277			8,281			(4)
Other comprehensive loss	(450)					(450)
Exercise of stock options	225	8	217
Purchase of treasury stock	(744)				(744)
Restricted stock grants		1	(1)
Stock based compensation	148		148
Dividends: Common Stock	(2,744)			(2,744)
Ending Balance at Mar. 31, 2023	300,270	$ 14,218	$ 228,091	$ 143,102	$ (61,001)	$ (24,710)	$ 570
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity attributable to Guaranty Bancshares, Inc.	$ 299,700

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement of Stockholders' Equity [Abstract]
Common stock dividends (in USD per share)	$ 0.23	$ 0.22

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Cash flows from operating activities
Net earnings	$ 8,277	$ 10,738
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation	1,018	1,069
Amortization	194	219
Deferred taxes	(1,157)	(4,188)
Premium amortization, net of discount accretion	760	1,399
Net realized gain on sales of securities available for sale	(93)	0
Gain on sale of loans	(314)	(905)
Provision for (reversal of) credit losses	0	(1,250)
Origination of loans held for sale	(10,488)	(25,758)
Proceeds from loans held for sale	12,698	29,626
Net gain on sale of premises, equipment, other real estate owned and other assets	0	(39)
Stock based compensation	148	156
Net change in accrued interest receivable and other assets	(930)	6,792
Net change in accrued interest payable and other liabilities	1,599	804
Net cash provided by operating activities	11,712	18,663
Securities available for sale:
Proceeds from Sales	7,239	0
Proceeds from maturities and principal repayments	7,396	14,431
Securities held to maturity:
Purchases	0	(915,587)
Proceeds from maturities and principal repayments	32,305	603,937
Net originations of loans	5	(106,123)
Purchases of premises and equipment	(2,184)	(1,685)
Proceeds from sale of premises, equipment, other real estate owned and other assets	0	72
Net cash provided by (used in) investing activities	44,761	(404,955)
Cash flows from financing activities
Net change in deposits	(57,786)	126,920
Net change in securities sold under agreements to repurchase	6,117	(3,061)
Proceeds from FHLB advances	1,585,000	0
Repayment of FHLB advances	(1,535,000)	(40,000)
Proceeds from line of credit	0	1,000
Repayment of line of credit	0	(6,000)
Proceeds from issuance of subordinated debt	0	34,336
Purchase of treasury stock	(744)	(1,993)
Exercise of stock options	225	0
Cash dividends paid	(2,627)	(2,424)
Net cash (used in) provided by financing activities	(4,815)	108,778
Net change in cash and cash equivalents	51,658	(277,514)
Cash and cash equivalents at beginning of period	106,467	499,605
Cash and cash equivalents at end of period	158,125	222,091
Supplemental disclosures of cash flow information
Interest paid	10,467	1,460
Supplemental schedule of noncash investing and financing activities
Cash dividends accrued	2,744	2,656
Lease right of use assets obtained in exchange for lease liabilities	568	0
Contributions from noncontrolling interest	$ 0	$ 598

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations : Guaranty Bancshares, Inc. (“Guaranty”) is a bank holding company headquartered in Mount Pleasant, Texas that provides, through its wholly-owned subsidiary, Guaranty Bank & Trust, N.A. (the “Bank”), a broad array of financial products and services to individuals and corporate customers, primarily in its markets of East Texas, Dallas/Fort Worth, Greater Houston and Central Texas. The terms “the Company,” “we,” “us” and “our” mean Guaranty and its subsidiaries, when appropriate. The Company’s main sources of income are derived from granting loans throughout its markets and investing in securities issued or guaranteed by the U.S. Treasury, U.S. government agencies and state and political subdivisions. The Company’s primary lending products are real estate, commercial and consumer loans. Although the Company has a diversified loan portfolio, a substantial portion of its debtors’ abilities to honor contracts is dependent on the economy of the State of Texas and primarily the economies of East Texas, Dallas/Fort Worth, Greater Houston and Central Texas. The Company primarily funds its lending activities with deposit operations. The Company’s primary deposit products are checking accounts, money market accounts and certificates of deposit. Principles of Consolidation : The consolidated financial statements in this Quarterly Report on Form 10-Q (this “Report”) include the accounts of Guaranty, the Bank and indirect subsidiaries that are wholly-owned or controlled. Subsidiaries that are less than wholly owned are fully consolidated if they are controlled by Guaranty or one of its subsidiaries, and the portion of any subsidiary not owned by Guaranty is reported as noncontrolling interest. All significant intercompany balances and transactions have been eliminated in consolidation. The Bank has eight wholly-owned or controlled non-bank subsidiaries, Guaranty Company, Inc., G B COM, INC., 2800 South Texas Avenue LLC, Pin Oak Realty Holdings, Inc., Pin Oak Asset Management, LLC, Guaranty Bank & Trust Political Action Committee, White Oak Aviation, LLC and Caliber Guaranty Private Account, LLC, the entity which has a noncontrolling interest. The accounting and financial reporting policies followed by the Company conform, in all material respects, to accounting principles generally accepted in the United States of America (“GAAP”) and to general practices within the financial services industry. Basis of Presentation : The consolidated financial statements in this report have not been audited by an independent registered public accounting firm, but in the opinion of management, reflect all adjustments necessary for a fair presentation of the Company’s financial position and results of operations. All such adjustments were of a normal and recurring nature. The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions to Form 10-Q adopted by the Securities and Exchange Commission (“SEC”). Accordingly, the financial statements do not include all of the information and footnotes required by GAAP for complete financial statements and should be read in conjunction with the Company’s consolidated financial statements, and notes thereto, for the year ended December 31, 2022, included in Guaranty’s Annual Report on Form 10-K for the year ended December 31, 2022. Operating results for the interim periods disclosed herein are not necessarily indicative of the results that may be expected for a full year or any future period. All dollar amounts referenced and discussed in the notes to the consolidated financial statements in this report are presented in thousands, unless noted otherwise. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. These estimates and assumptions may also affect disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. Recent Accounting Pronouncements : In March 2022, the FASB issued ASU 2022-02, Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures , which eliminates the recognition and measurement guidance for troubled debt restructurings ("TDRs") by creditors in ASC 310-40. The update also enhances disclosure requirements for certain loan restructurings by creditors when a borrower is experiencing financial difficulty. Specifically, rather than applying the recognition and measurement guidance for TDRs, an entity will apply the loan refinancing and restructuring guidance to determine whether a modification or other form of restructuring results in a new loan or a continuation of an existing loan. Finally, the amendments in this ASU require a public business entity to disclose current-period gross write-offs by year of origination for financing receivables and net investments in leases in the existing vintage disclosures. The Company adopted this ASU effective on January 1, 2023, and used the modified retrospective method, which did not have a significant impact on its consolidated financial statements. The new modification disclosure requirements are applied on a prospective basis.

MARKETABLE SECURITIES

MARKETABLE SECURITIES	3 Months Ended
	Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]
MARKETABLE SECURITIES	NOTE 2 - MARKETABLE SECURITIES The following tables summarize the amortized cost and fair value of available for sale and held to maturity securities as of March 31, 2023 and December 31, 2022 and the corresponding amounts of gross unrealized gains and losses: March 31, 2023 Amortized Gross Gross Estimated Available for sale: Corporate bonds $ 29,943 $ — $ 2,302 $ 27,641 Municipal securities 3,186 216 — 3,402 Mortgage-backed securities 139,187 — 15,609 123,578 Collateralized mortgage obligations 20,805 3 1,685 19,123 Total available for sale $ 193,121 $ 219 $ 19,596 $ 173,744 Held to maturity: U.S. government agencies $ 9,178 $ — $ 1,166 $ 8,012 Treasury securities 113,939 — 1,915 112,024 Municipal securities 181,986 670 7,575 175,081 Mortgage-backed securities 130,138 — 14,726 115,412 Collateralized mortgage obligations 40,864 — 7,089 33,775 Total held to maturity $ 476,105 $ 670 $ 32,471 $ 444,304 December 31, 2022 Amortized Gross Gross Estimated Available for sale: Corporate bonds $ 29,964 $ — $ 2,177 $ 27,787 Municipal securities 10,324 326 8 10,642 Mortgage-backed securities 145,896 1 15,556 130,341 Collateralized mortgage obligations 21,981 3 1,827 20,157 Total available for sale $ 208,165 $ 330 $ 19,568 $ 188,927 Held to maturity: U.S. government agencies $ 9,141 $ — $ 1,259 $ 7,882 Treasury securities 133,735 — 2,921 130,814 Municipal securities 191,680 658 8,285 184,053 Mortgage-backed securities 132,693 — 14,708 117,985 Collateralized mortgage obligations 41,759 — 7,425 34,334 Total held to maturity $ 509,008 $ 658 $ 34,598 $ 475,068 From time to time, we have reclassified certain securities from available for sale to held to maturity. Such transfers are made at fair value at the date of transfer. The unrealized holding gains and losses at the date of transfer are retained in other comprehensive loss and in the carrying value of the held to maturity securities and are amortized or accreted over the remaining life of the security. During the second quarter of 2022, we t ransferred $ 106,157 of securities from available for sale to held to maturity, which included a net unrealized loss on the date of transfer of $ 13,186 . During the third quarter of 2021, we transferred $ 172,292 of securities from available for sale to held to maturity, which included a net unrealized gain on the date of transfer of $ 10,235 . These unamortized unrealized losses and unaccreted unrealized gains on our transferred securities are included in accumulated other comprehensive loss on our balance sheet and they netted to an unrealized loss of $ 6,201 at March 31, 2023 compared to an unrealized loss of $ 5,861 at December 31, 2022. This amount will continue to be amortized and accreted out of accumulated other comprehensive (loss) income over the remaining life of the underlying securities as an adjustment of the yield on those securities. There is no allowance for credit losses recorded for our available for sale or held to maturity debt securities as of March 31, 2023 or December 31, 2022. Information pertaining to securities with gross unrealized losses as of March 31, 2023 and December 31, 2022, for which no allowance for credit losses has been recorded, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position is detailed in the following tables: Less Than 12 Months 12 Months or Longer Total March 31, 2023 Gross Estimated Gross Estimated Gross Estimated Available for sale: Corporate bonds $ ( 550 ) $ 8,975 $ ( 1,752 ) $ 18,666 $ ( 2,302 ) $ 27,641 Mortgage-backed securities ( 441 ) 17,739 ( 15,168 ) 105,836 ( 15,609 ) 123,575 Collateralized mortgage obligations ( 124 ) 5,037 ( 1,561 ) 13,927 ( 1,685 ) 18,964 Total available for sale $ ( 1,115 ) $ 31,751 $ ( 18,481 ) $ 138,429 $ ( 19,596 ) $ 170,180 Held to maturity: U.S. government agencies $ — $ — $ ( 1,166 ) $ 8,012 $ ( 1,166 ) $ 8,012 Treasury securities ( 1,915 ) 112,024 — — ( 1,915 ) 112,024 Municipal securities ( 1,543 ) 88,278 ( 6,032 ) 37,920 ( 7,575 ) 126,198 Mortgage-backed securities ( 2,851 ) 47,028 ( 11,875 ) 68,384 ( 14,726 ) 115,412 Collateralized mortgage obligations ( 384 ) 4,706 ( 6,705 ) 29,069 ( 7,089 ) 33,775 Total held to maturity $ ( 6,693 ) $ 252,036 $ ( 25,778 ) $ 143,385 $ ( 32,471 ) $ 395,421 Less Than 12 Months 12 Months or Longer Total December 31, 2022 Gross Estimated Gross Estimated Gross Estimated Available for sale: Corporate bonds $ ( 1,518 ) $ 20,323 $ ( 659 ) $ 7,464 ( 2,177 ) 27,787 Municipal securities ( 8 ) 1,659 — — ( 8 ) 1,659 Mortgage-backed securities ( 6,150 ) 74,146 ( 9,406 ) 55,826 ( 15,556 ) 129,972 Collateralized mortgage obligations ( 908 ) 16,575 ( 919 ) 3,411 ( 1,827 ) 19,986 Total available for sale $ ( 8,584 ) $ 112,703 $ ( 10,984 ) $ 66,701 $ ( 19,568 ) $ 179,404 Held to maturity: U.S. government agencies $ ( 1,259 ) $ 7,882 $ — $ — $ ( 1,259 ) $ 7,882 Treasury securities ( 2,921 ) 130,814 — — ( 2,921 ) 130,814 Municipal securities ( 7,071 ) 118,117 ( 1,214 ) 3,701 ( 8,285 ) 121,818 Mortgage-backed securities ( 8,355 ) 80,556 ( 6,353 ) 37,429 ( 14,708 ) 117,985 Collateralized mortgage obligations ( 1,031 ) 10,750 ( 6,394 ) 23,584 ( 7,425 ) 34,334 Total held to maturity $ ( 20,637 ) $ 348,119 $ ( 13,961 ) $ 64,714 $ ( 34,598 ) $ 412,833 There were 278 investments in an unrealized loss position at March 31, 2023, of which 83 were available for sale debt securities in an unrealized loss position with no recorded allowance for credit losses. The available for sale securities in a loss position were composed of U.S. government agencies, corporate bonds, collateralized mortgage obligations and mortgage-backed securities. Management evaluates available for sale debt securities in an unrealized loss position to determine whether the impairment is due to credit-related factors or noncredit-related factors. With respect to the collateralized mortgage obligations and mortgage-backed securities issued by the U.S. government and its agencies, the Company has determined that a decline in fair value is not due to credit-related factors. The Company monitors the credit quality of other debt securities through the use of credit ratings and other factors specific to an individual security in assessing whether or not the decline in fair value of municipal or corporate securities, relative to their amortized cost, is due to credit-related factors. Triggers to prompt further investigation of securities when the fair value is less than the amortized cost are when a security has been downgraded and falls below an A credit rating, and the security’s unrealized loss exceeds 20 % of its book value. Consideration is given to (1) the extent to which fair value is less than cost, (2) the financial condition and near-term prospects of the issuer, and (3) the intent and ability of the Company to retain its investment in the security for a period of time sufficient to allow for any anticipated recovery in fair value. Based on evaluation of available evidence, management believes the unrealized losses on the securities as of March 31, 2023 and 2022 are not credit-related. Management does not have the intent to sell any of these securities and believes that it is more likely than not the Company will not have to sell any such securities before recovery of cost. The fair values are expected to recover as the securities approach their maturity date or repricing date or if market yields for the investments decline. Accordingly, no allowance for credit losses has been recorded for these securities. Management assesses held to maturity securities sharing similar risk characteristics on a collective basis for expected credit losses under CECL. As of March 31, 2023 and December 31, 2022, our held to maturity securities consisted of U.S. government agencies, municipal bonds, treasury securities and mortgage-backed securities issued by the U.S. government and its agencies. With regard to the treasuries, collateralized mortgage obligations and mortgage-backed securities issued by the U.S. government, or agencies thereof, it is expected that the securities will not be settled at prices less than the amortized cost bases of the securities as such securities are backed by the full faith and credit of and/or guaranteed by the U.S. government. For municipal securities, management reviewed key risk indicators, including ratings by credit agencies when available, and determined that there is no current expectation of credit loss. Accordingly, no allowance for credit losses has been recorded for these securities. As of March 31, 2023 , there were no holdings of securities of any one issuer, other than the collateralized mortgage obligations, treasuries and mortgage-backed securities issued by the U.S. government and its agencies, in an amount greater than 10% of total equity attributable to Guaranty Bancshares, Inc. Securities with fair values of approximately $ 348,750 and $ 396,584 at March 31, 2023 and December 31, 2022, respectively, were pledged to secure public fund deposits and for other purposes as required or permitted by law. The proceeds from sales of available for sale securities and the associated gains and losses are listed below for the: Three Months Ended 2023 2022 Proceeds from sales $ 7,239 $ — Gross gains 119 — Gross losses ( 26 ) — The contractual maturities at March 31, 2023 of available for sale and held to maturity securities at carrying value and estimated fair value are shown below. The Company invests in mortgage-backed securities and collateralized mortgage obligations that have expected maturities that differ from their contractual maturities. These differences arise because borrowers and/or issuers may have the right to call or prepay their obligation with or without call or prepayment penalties. Available for Sale Held to Maturity March 31, 2023 Amortized Estimated Amortized Estimated Due within one year $ — $ — $ 74,980 $ 73,848 Due after one year through five years 11,063 10,578 70,556 69,126 Due after five years through ten years 18,880 17,063 86,353 83,208 Due after ten years 3,186 3,402 73,214 68,935 Mortgage-backed securities 139,187 123,578 130,138 115,412 Collateralized mortgage obligations 20,805 19,123 40,864 33,775 Total securities $ 193,121 $ 173,744 $ 476,105 $ 444,304

LOANS AND ALLOWANCE FOR CREDIT

LOANS AND ALLOWANCE FOR CREDIT LOSSES	3 Months Ended
	Mar. 31, 2023
Receivables [Abstract]
LOANS AND ALLOWANCE FOR CREDIT LOSSES	NOTE 3 - LOANS AND ALLOWANCE FOR CREDIT LOSSES The following table summarizes the Company’s loan portfolio by type of loan as of: March 31, 2023 December 31, 2022 Commercial and industrial $ 295,936 $ 314,067 Real estate: Construction and development 372,203 377,135 Commercial real estate 900,190 887,587 Farmland 190,802 185,817 1-4 family residential 499,944 493,061 Multi-family residential 44,760 45,147 Consumer 60,163 61,394 Agricultural 13,545 13,686 Overdrafts 270 282 Total loans 2,377,813 2,378,176 Net of: Deferred loan fees, net ( 1,620 ) ( 1,957 ) Allowance for credit losses ( 31,953 ) ( 31,974 ) Total net loans (1) $ 2,344,240 $ 2,344,245 (1) Excludes accrued interest receivable on loans of $ 7.7 million and $ 7.6 million as of March 31, 2023 and December 31, 2022, respectively, which is presented separately on the consolidated balance sheets. The Company’s estimate of the allowance for credit losses (“ACL”) reflects losses expected over the remaining contractual life of the assets. The contractual term does not consider possible extensions, renewals or modifications. The following tables present the activity in the ACL by class of loans for the three months ended March 31, 2023, for the year ended December 31, 2022 and for the three months ended March 31, 2022: For the Three Months Ended Commercial Construction Commercial Farmland 1-4 family Multi-family Consumer Agricultural Overdrafts Total Allowance for credit losses: Beginning balance $ 4,382 $ 4,889 $ 12,658 $ 2,008 $ 6,617 $ 490 $ 778 $ 149 $ 3 $ 31,974 Provision for (reversal of) for credit losses ( 239 ) ( 25 ) 32 78 24 ( 11 ) 82 ( 4 ) 63 — Loans charged-off ( 3 ) — — — — — ( 7 ) ( 3 ) ( 81 ) ( 94 ) Recoveries 8 — — — — — 45 2 18 73 Ending balance $ 4,148 $ 4,864 $ 12,690 $ 2,086 $ 6,641 $ 479 $ 898 $ 144 $ 3 $ 31,953 For the Year Ended Commercial Construction Commercial Farmland 1-4 family Multi-family Consumer Agricultural Overdrafts Total Allowance for credit losses: Beginning balance $ 3,600 $ 4,221 $ 13,765 $ 1,698 $ 5,818 $ 396 $ 762 $ 169 $ 4 $ 30,433 (Reversal of) provision for credit losses 902 668 ( 1,108 ) 310 769 94 283 ( 20 ) 252 2,150 Loans charged-off ( 192 ) — — — — — ( 322 ) — ( 335 ) ( 849 ) Recoveries 72 — 1 — 30 — 55 — 82 240 Ending balance $ 4,382 $ 4,889 $ 12,658 $ 2,008 $ 6,617 $ 490 $ 778 $ 149 $ 3 $ 31,974 For the Three Months Ended Commercial Construction Commercial Farmland 1-4 family Multi-family Consumer Agricultural Overdrafts Total Allowance for credit losses: Beginning balance $ 3,600 $ 4,221 $ 13,765 $ 1,698 $ 5,818 $ 396 $ 762 $ 169 $ 4 30,433 Provision for (reversal of) credit losses 230 ( 323 ) ( 1,569 ) 302 ( 119 ) 60 146 ( 13 ) 36 ( 1,250 ) Loans charged-off ( 119 ) — — — — — ( 17 ) — ( 67 ) ( 203 ) Recoveries 39 — 1 — 30 — 16 — 30 116 Ending balance $ 3,750 $ 3,898 $ 12,197 $ 2,000 $ 5,729 $ 456 $ 907 $ 156 $ 3 $ 29,096 In the first quarter of 2022, all remaining COVID-specific qualitative factors were removed and a reverse provision of $ 1,250 was recorded to account for significant improvements in COVID-related health statistics and economic impacts through that time period. However, growth in the loan portfolio during subsequent quarters, as well as declines in economic outlooks in 2022 and an adjustment to qualitative factors for an expected 2023 recession resulted in a $ 2,150 provision expense for the year ended December 31, 2022. There was no provision for loan losses recorded in during the first quarter of 2023. The Company uses the weighted-average remaining maturity ("WARM") method as the basis for the estimation of expected credit losses. The WARM method uses a historical average annual charge-off rate containing loss content over a historical lookback period and is used as a foundation for estimating the credit loss reserve for the remaining outstanding balances of loans in a segment at the balance sheet date. The average annual charge-off rate is applied to the contractual term, further adjusted for estimated prepayments, to determine the unadjusted historical charge-off rate. The calculation of the unadjusted historical charge-off rate is then adjusted, using qualitative factors, for current conditions and for reasonable and supportable forecast periods. Qualitative loss factors are based on the Company’s judgment of company, market, industry or business specific data, differences in loan-specific risk characteristics such as underwriting standards, portfolio mix, risk grades, delinquency level, or term. These qualitative factors serve to compensate for additional areas of uncertainty inherent in the portfolio that are not reflected in our historic loss factors. Additionally, we have adjusted for changes in expected environmental and economic conditions, such as changes in unemployment rates, property values, and other relevant factors over the next 12 to 24 months. Management adjusted the historical loss experience for these expectations. No reversion adjustments were necessary, as the starting point for the Company’s estimate was a cumulative loss rate covering the expected contractual term of the portfolio. The ACL is measured on a collective segment basis when similar risk characteristics exist. Our loan portfolio is segmented first by regulatory call report code, and second, by internally identified risk grades for our commercial loan segments and by delinquency status for our consumer loan segments. We also have separate segments for our warehouse lines of credit, for our internally originated SBA loans and for our SBA loans acquired from Westbound Bank. Consistent forecasts of the loss drivers are used across the loan segments. For loans that do not share general risk characteristics with segments, we estimate a specific reserve on an individual basis. A reserve is recorded when the carrying amount of the loan exceeds the discounted estimated cash flows using the loan's initial effective interest rate or the fair value of collateral for collateral-dependent loans. Assets are graded “pass” when the relationship exhibits acceptable credit risk and indicates repayment ability, tolerable collateral coverage and reasonable performance history. Lending relationships exhibiting potentially significant credit risk and marginal repayment ability and/or asset protection are graded “special mention.” Assets classified as “substandard” are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified must have a well-defined weakness that jeopardizes the liquidation of the debt. Substandard graded loans are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. Assets graded “doubtful” are substandard graded loans that have added characteristics that make collection or liquidation in full improbable. Loans that are on nonaccrual status are generally classified as substandard. In general, the loans in our portfolio have low historical credit losses. The Company closely monitors economic conditions and loan performance trends to manage and evaluate the exposure to credit risk. Key factors tracked by the Company and utilized in evaluating the credit quality of the loan portfolio include trends in delinquency ratios, the level of nonperforming assets, borrower’s repayment capacity, and collateral coverage. The following table summarizes the credit exposure in the Company’s loan portfolio, by year of origination, as of March 31, 2023: March 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Total Commercial and industrial: Pass $ 20,706 $ 86,053 $ 53,172 $ 17,774 $ 10,891 $ 16,203 $ 88,735 $ 293,534 Special mention — — — — 287 — 640 927 Substandard — 13 — 240 410 204 — 867 Nonaccrual — 135 343 75 — 31 24 608 Total commercial and industrial loans $ 20,706 $ 86,201 $ 53,515 $ 18,089 $ 11,588 $ 16,438 $ 89,399 $ 295,936 Charge-offs $ — $ — $ — $ — $ — $ ( 3 ) $ — $ ( 3 ) Recoveries — — — — — 4 4 8 Current period net $ — $ — $ — $ — $ — $ 1 $ 4 $ 5 Construction and development: Pass $ 12,877 $ 177,829 $ 127,875 $ 16,879 $ 8,031 $ 13,573 $ 11,750 $ 368,814 Special mention — 893 — — — — — 893 Substandard — — — — — — — — Nonaccrual — 262 799 — — 1,435 — 2,496 Total construction and development loans $ 12,877 $ 178,984 $ 128,674 $ 16,879 $ 8,031 $ 15,008 $ 11,750 $ 372,203 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — Commercial real estate: Pass $ 19,634 $ 356,222 $ 148,170 $ 85,555 $ 59,890 $ 194,906 $ 15,545 $ 879,922 Special mention — — — 1,291 — 5,961 — 7,252 Substandard — 1,617 — 262 — 4,181 — 6,060 Nonaccrual — — — — 87 6,869 — 6,956 Total commercial real estate loans $ 19,634 $ 357,839 $ 148,170 $ 87,108 $ 59,977 $ 211,917 $ 15,545 $ 900,190 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — March 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Total Farmland: Pass $ 10,605 $ 91,287 $ 50,961 $ 9,384 $ 6,530 $ 17,194 $ 4,642 $ 190,603 Special mention — — — — — — — — Substandard — — — — 30 60 — 90 Nonaccrual — — — — — 109 — 109 Total farmland loans $ 10,605 $ 91,287 $ 50,961 $ 9,384 $ 6,560 $ 17,363 $ 4,642 $ 190,802 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — 1-4 family residential: Pass $ 13,428 $ 144,109 $ 130,185 $ 48,171 $ 29,331 $ 110,684 $ 20,781 $ 496,689 Special mention — — 45 — 47 123 — 215 Substandard — — — — — — — — Nonaccrual — 300 429 183 112 1,316 700 3,040 Total 1-4 family residential loans $ 13,428 $ 144,409 $ 130,659 $ 48,354 $ 29,490 $ 112,123 $ 21,481 $ 499,944 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — Multi-family residential: Pass $ — $ 18,146 $ 18,225 $ 2,438 $ 4,182 $ 1,678 $ 91 $ 44,760 Special mention — — — — — — — — Substandard — — — — — — — — Nonaccrual — — — — — — — — Total multi-family residential loans $ — $ 18,146 $ 18,225 $ 2,438 $ 4,182 $ 1,678 $ 91 $ 44,760 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — March 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Total Consumer and overdrafts: Pass $ 7,309 $ 27,868 $ 9,807 $ 4,593 $ 1,370 $ 3,084 $ 6,201 $ 60,232 Special mention — 10 9 — 19 9 — 47 Substandard — — — — — — — — Nonaccrual — 22 79 25 10 18 — 154 Total consumer loans and overdrafts $ 7,309 $ 27,900 $ 9,895 $ 4,618 $ 1,399 $ 3,111 $ 6,201 $ 60,433 Charge-offs $ ( 81 ) $ ( 4 ) $ ( 3 ) $ — $ — $ — $ — $ ( 88 ) Recoveries 18 — 1 — — 4 40 63 Current period net $ ( 63 ) $ ( 4 ) $ ( 2 ) $ — $ — $ 4 $ 40 $ ( 25 ) Agricultural: Pass $ 652 $ 2,503 $ 1,483 $ 929 $ 459 $ 716 $ 6,736 $ 13,478 Special mention — — — — — — — — Substandard — — — — — 25 — 25 Nonaccrual — — — — — 42 — 42 Total agricultural loans $ 652 $ 2,503 $ 1,483 $ 929 $ 459 $ 783 $ 6,736 $ 13,545 Charge-offs $ — $ — $ — $ — $ — $ ( 3 ) $ — $ ( 3 ) Recoveries — — — — — 2 — 2 Current period net $ — $ — $ — $ — $ — $ ( 1 ) $ — $ ( 1 ) Total loans: Pass $ 85,211 $ 904,017 $ 539,878 $ 185,723 $ 120,684 $ 358,038 $ 154,481 $ 2,348,032 Special mention — 903 54 1,291 353 6,093 640 9,334 Substandard — 1,630 — 502 440 4,470 — 7,042 Nonaccrual — 719 1,650 283 209 9,820 724 13,405 Total loans $ 85,211 $ 907,269 $ 541,582 $ 187,799 $ 121,686 $ 378,421 $ 155,845 $ 2,377,813 Charge-offs $ ( 81 ) $ ( 4 ) $ ( 3 ) $ — $ — $ ( 6 ) $ — $ ( 94 ) Recoveries 18 — 1 — — 10 44 73 Total current period net (charge-offs) recoveries $ ( 63 ) $ ( 4 ) $ ( 2 ) $ — $ — $ 4 $ 44 $ ( 21 ) The following table summarizes the credit exposure in the Company’s loan portfolio, by year of origination, as of December 31, 2022: December 31, 2022 2022 2021 2020 2019 2018 Prior Revolving Loans Amortized Cost Total Commercial and industrial: Pass $ 99,750 $ 57,854 $ 19,577 $ 11,797 $ 4,172 $ 12,907 $ 105,628 $ 311,685 Special mention — 131 — 333 — — 905 1,369 Substandard 14 — 246 423 192 23 — 898 Nonaccrual 72 33 10 — — — — 115 Total commercial and industrial loans $ 99,836 $ 58,018 $ 19,833 $ 12,553 $ 4,364 $ 12,930 $ 106,533 $ 314,067 Charge-offs $ — $ — $ ( 67 ) $ — $ — $ — $ ( 125 ) $ ( 192 ) Recoveries — — — — — 32 40 72 Current period net $ — $ — $ ( 67 ) $ — $ — $ 32 $ ( 85 ) $ ( 120 ) Construction and development: Pass $ 179,501 $ 138,388 $ 17,361 $ 8,697 $ 3,443 $ 10,535 $ 16,870 $ 374,795 Special mention 905 — — — — — — 905 Substandard — — — — — — — — Nonaccrual — — — — 1,435 — — 1,435 Total construction and development loans $ 180,406 $ 138,388 $ 17,361 $ 8,697 $ 4,878 $ 10,535 $ 16,870 $ 377,135 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — Commercial real estate: Pass $ 347,162 $ 147,986 $ 86,897 $ 63,988 $ 51,002 $ 158,384 $ 12,007 $ 867,426 Special mention — — 1,300 — 2,594 3,427 — 7,321 Substandard 1,336 — — — 26 4,207 — 5,569 Nonaccrual — — 251 96 — 6,924 — 7,271 Total commercial real estate loans $ 348,498 $ 147,986 $ 88,448 $ 64,084 $ 53,622 $ 172,942 $ 12,007 $ 887,587 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — 1 — — 1 Current period net $ — $ — $ — $ — $ 1 $ — $ — $ 1 December 31, 2022 2022 2021 2020 2019 2018 Prior Revolving Loans Amortized Cost Total Farmland: Pass $ 93,128 $ 51,912 $ 10,284 $ 6,646 $ 5,956 $ 11,741 $ 5,948 $ 185,615 Special mention — — — — — — — — Substandard — — — 31 — 62 — 93 Nonaccrual — — — — — 109 — 109 Total farmland loans $ 93,128 $ 51,912 $ 10,284 $ 6,677 $ 5,956 $ 11,912 $ 5,948 $ 185,817 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — 1-4 family residential: Pass $ 143,268 $ 128,957 $ 50,140 $ 30,068 $ 27,104 $ 89,678 $ 21,956 $ 491,171 Special mention — — 43 — — 156 — 199 Substandard — — — — — — — — Nonaccrual — 148 — 116 118 1,309 — 1,691 Total 1-4 family residential loans $ 143,268 $ 129,105 $ 50,183 $ 30,184 $ 27,222 $ 91,143 $ 21,956 $ 493,061 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — 30 — 30 Current period net $ — $ — $ — $ — $ — $ 30 $ — $ 30 Multi-family residential: Pass $ 18,183 $ 18,331 $ 2,463 $ 4,216 $ 878 $ 985 $ 91 $ 45,147 Special mention — — — — — — — — Substandard — — — — — — — — Nonaccrual — — — — — — — — Total multi-family residential loans $ 18,183 $ 18,331 $ 2,463 $ 4,216 $ 878 $ 985 $ 91 $ 45,147 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — December 31, 2022 2022 2021 2020 2019 2018 Prior Revolving Loans Amortized Cost Total Consumer and overdrafts: Pass $ 32,817 $ 11,789 $ 5,455 $ 1,835 $ 3,079 $ 473 $ 6,008 $ 61,456 Special mention 14 4 — 28 4 — — 50 Substandard — — — — — — — — Nonaccrual 17 93 21 12 23 4 — 170 Total consumer loans and overdrafts $ 32,848 $ 11,886 $ 5,476 $ 1,875 $ 3,106 $ 477 $ 6,008 $ 61,676 Charge-offs $ ( 335 ) $ ( 26 ) $ ( 25 ) $ ( 21 ) $ — $ — $ ( 250 ) $ ( 657 ) Recoveries 83 3 6 11 1 33 — 137 Current period net $ ( 252 ) $ ( 23 ) $ ( 19 ) $ ( 10 ) $ 1 $ 33 $ ( 250 ) $ ( 520 ) Agricultural: Pass $ 3,148 $ 1,914 $ 984 $ 491 $ 392 $ 422 $ 6,243 $ 13,594 Special mention — — — — — 3 — 3 Substandard — — — — — 32 — 32 Nonaccrual — — — — 4 53 — 57 Total agricultural loans $ 3,148 $ 1,914 $ 984 $ 491 $ 396 $ 510 $ 6,243 $ 13,686 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — Total loans: Pass $ 916,957 $ 557,131 $ 193,161 $ 127,738 $ 96,026 $ 285,125 $ 174,751 $ 2,350,889 Special mention 919 135 1,343 361 2,598 3,586 905 9,847 Substandard 1,350 — 246 454 218 4,324 — 6,592 Nonaccrual 89 274 282 224 1,580 8,399 — 10,848 Total loans $ 919,315 $ 557,540 $ 195,032 $ 128,777 $ 100,422 $ 301,434 $ 175,656 $ 2,378,176 Charge-offs $ ( 335 ) $ ( 26 ) $ ( 92 ) $ ( 21 ) $ — $ — $ ( 375 ) $ ( 849 ) Recoveries 83 3 6 11 2 95 40 240 Total current period net charge-offs $ ( 252 ) $ ( 23 ) $ ( 86 ) $ ( 10 ) $ 2 $ 95 $ ( 335 ) $ ( 609 ) There were no loans classified in the “doubtful” or “loss” risk rating categories as of March 31, 2023 and December 31, 2022. There were no individually evaluated collateral-dependent loans within the ACL model as of March 31, 2023 or December 31, 2022. The following tables summarize the payment status of loans in the Company’s total loan portfolio, including an aging of delinquent loans and loans 90 days or more past due continuing to accrue interest as of: March 31, 2023 30 to 59 Days 60 to 89 Days 90 Days Total Current Total Recorded Commercial and industrial $ 449 $ 79 $ 208 $ 736 $ 295,200 $ 295,936 $ — Real estate: Construction and 1,347 — 2,306 3,653 368,550 372,203 — Commercial real 353 — 6,675 7,028 893,162 900,190 — Farmland 129 97 — 226 190,576 190,802 — 1-4 family residential 2,586 290 1,840 4,716 495,228 499,944 — Multi-family residential — — — — 44,760 44,760 — Consumer 697 78 81 856 59,307 60,163 — Agricultural — 40 — 40 13,505 13,545 — Overdrafts — — — — 270 270 — Total $ 5,561 $ 584 $ 11,110 $ 17,255 $ 2,360,558 $ 2,377,813 $ — December 31, 2022 30 to 59 Days 60 to 89 Days 90 Days Total Current Total Recorded Commercial and industrial $ 440 $ 44 $ 105 $ 589 $ 313,478 $ 314,067 $ — Real estate: Construction and 258 73 1,435 1,766 375,369 377,135 — Commercial real 882 354 6,708 7,944 879,643 887,587 — Farmland 129 79 — 208 185,609 185,817 — 1-4 family residential 2,101 547 572 3,220 489,841 493,061 — Multi-family residential — — — — 45,147 45,147 — Consumer 164 118 70 352 61,042 61,394 — Agricultural 37 10 — 47 13,639 13,686 — Overdrafts — — — — 282 282 — Total $ 4,011 $ 1,225 $ 8,890 $ 14,126 $ 2,364,050 $ 2,378,176 $ — The following table presents information regarding nonaccrual loans as of: March 31, 2023 December 31, 2022 Commercial and industrial $ 608 $ 115 Real estate: Construction and development 2,496 1,435 Commercial real estate 6,956 7,271 Farmland 109 109 1-4 family residential 3,040 1,691 Consumer and overdrafts 154 170 Agricultural 42 57 Total $ 13,405 $ 10,848 There were no commitments to lend additional funds to borrowers whose loans were classified as nonaccrual. Modifications to Borrowers Experiencing Financial Difficulty The Company adopted Accounting Standards Update (“ASU”) 2022-02, Financial Instruments - Credit Losses (Topic 326) Troubled Debt Restructurings and Vintage Disclosures (“ASU 2022-02”) effective January 1, 2023. The amendments in ASU 2022-02 eliminated the recognition and measure of troubled debt restructurings and enhanced disclosures for loan modifications to borrowers experiencing financial difficulty. The following table presents the amortized cost basis of loans made to borrowers experiencing financial difficulty that were modified during the three months ended March 31, 2023: For the Three Months Ended Term Total Class of Financing Receivable Consumer $ 49 0.1 % Total loans $ 49 0.1 % The following table presents the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty during the three months ended March 31, 2023: Term Extension Loan Type Financial Effect Consumer Amortization period was extended by a weighted-average period of 7.2 years. The following table provides an age analysis of loans made to borrowers experiencing financial difficult that were modified on or after our ASU 2022-02 adoption date of January 1, 2023: Current 30 to 89 Days 90 Days Consumer 49 — — Total loans $ 49 $ — $ — As of March 31, 2023, the Company did not have any loans made to borrowers experiencing financial difficulty that were modified during the first quarter of 2023 that subsequently defaulted. There were no loans restructured during the three months ended March 31, 2022.

SECURITIES SOLD UNDER AGREEMENT

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER DEBT	3 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER DEBT	NOTE 4 - SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER DEBT Securities sold under agreements to repurchase were $ 13,338 and $ 7,221 as of March 31, 2023 and December 31, 2022, respectively, and are secured by mortgage-backed securities and collateralized mortgage obligations. The Company has an unsecured $ 25,000 revolving line of credit, which had no outstanding balance at March 31, 2023 or December 31, 2022, bears interest at the greater of (i) the prime rate, which was 8.00 % at March 31, 2023, or (ii) the rate floor of 3.50 %, with interest payable quarterly, and matures in March 2024. Federal Home Loan Bank (FHLB) advances bear interest based on a fixed or variable rate, payable monthly, with all principal due at maturity. The following table presents the scheduled maturities of fixed and variable rate FHLB advances and their weighted average rates, as of March 31, 2023 : Year Current Principal Due Fixed rate advances 2023 5.03 % $ 260,000 2024 4.38 % 10,000 Total fixed rate FHLB advances $ 270,000 Variable rate advances 2023 4.98 % $ 70,000 Total variable rate FHLB advances 70,000 Total FHLB advances $ 340,000

SUBORDINATED DEBT

SUBORDINATED DEBT	3 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
SUBORDINATED DEBT	NOTE 5 - SUBORDINATED DEBT Subordinated debt was made up of the following as of: March 31, 2023 December 31, 2022 Trust III Debentures 2,062 2,062 DCB Trust I Debentures 5,155 5,155 Subordinated note 34,469 34,436 Other debentures 7,500 7,500 $ 49,186 $ 49,153 As of March 31, 2023 , the Company has two active trusts, Guaranty (TX) Capital Trust III (“Trust III”) and DCB Financial Trust I (“DCB Trust I”). Upon formation, the Trusts issued pass-through securities (“TruPS”) with a liquidation value of $ 1,000 per share to third parties in private placements. Concurrently with the issuance of the TruPS, the Trusts (comprised of Trust III and DCB Trust I) issued common securities to the Company. The Trusts invested the proceeds of the sales of securities to the Company (“Debentures”). The Debentures mature approximately 30 years after the formation date, which may be shortened if certain conditions are met (including the Company having received prior approval of the Federal Reserve and any other required regulatory approvals). Trust III DCB Trust I Formation date July 25, 2006 March 29, 2007 Capital trust pass-through securities Number of shares 2,000 5,000 Original liquidation value $ 2,000 $ 5,000 Common securities liquidation value 62 155 The securities held by the Trusts qualify as Tier 1 capital for the Company under Federal Reserve Board guidelines. The Federal Reserve’s guidelines restrict core capital elements (including trust preferred securities and qualifying perpetual preferred stock) to 25% of all core capital elements, net of goodwill less any associated deferred tax liability. Because the Company’s aggregate amount of trust preferred securities is less than the limit of 25% of Tier 1 capital, net of goodwill, the full amount is includable in Tier 1 capital at March 31, 2023 and December 31, 2022. Additionally, the terms provide that trust preferred securities would no longer qualify for Tier 1 capital within five years of their maturity, but would be included as Tier 2 capital. However, the trust preferred securities would be amortized out of Tier 2 capital by one-fifth each year and excluded from Tier 2 capital completely during the year prior to maturity of the junior subordinated debentures. With certain exceptions, the amount of the principal and any accrued and unpaid interest on the Debentures are subordinated in right of payment to the prior payment in full of all senior indebtedness of the Company. Interest on the Debentures is payable quarterly. The interest is deferrable on a cumulative basis for up to five consecutive years following a suspension of dividend payments on all other capital stock. No principal payments are due until maturity for each of the Debentures. Trust III Debentures DCB Trust I Original amount $ 2,062 $ 5,155 Maturity date October 1, 2036 June 15, 2037 Interest due Quarterly Quarterly In accordance with ASC 810, " Consolidation, " the junior subordinated debentures issued by the Company to the subsidiary trusts are shown as liabilities in the consolidated balance sheets and interest expense associated with the junior subordinated debentures is shown in the consolidated statements of earnings. Trust III Debentures Interest is payable at a variable rate per annum, reset quarterly, equal to 3-month LIBOR plus 1.67 %. On any interest payment date on or after October 1, 2016 and prior to maturity date, the debentures are redeemable for cash at the option of the Company, on at least 30 , but not more than 60 days ’ notice, in whole or in part, at a redemption price equal to 100 % of the principal amount to be redeemed, plus accrued interest to the date of redemption. DCB Trust I Debentures Interest is payable at a variable rate per annum, reset quarterly, equal to 3-month LIBOR plus 1.80 %. On any interest payment date on or after June 15, 2012 and prior to maturity date, the debentures are redeemable for cash at the option of the Company, on at least 30 , but not more than 60 days ’ notice, in whole or in part, at a redemption price equal to 100 % of the principal amount to be redeemed, plus accrued interest to the date of redemption. Subordinated Note In March 2022, the Company completed a private placement of $ 35,000 aggregate principal amount of its fixed-to-floating rate subordinated note due April 1, 2032. The subordinated note initially bears a fixed interest rate of 3.625 % per year, due semi-annually in arrears on April 1 and October 1. Commencing on April 1, 2027, the interest rate on the subordinated note will reset each quarter at a floating interest rate equal to the then-current three-month term Secured Overnight Financing Rate ("SOFR") plus 192 basis points. The Company may at its option redeem in whole or in part the subordinated note on or after March 4, 2027 without a premium. The subordinated note is treated as Tier 2 capital for regulatory purposes (subject to reductions in the amount includable as Tier 2 capital in the final five years prior to maturity), and is presented net of related unamortized issuance costs on the consolidated balance sheets. Other Debentures In May 2020, the Company issued $ 10,000 in debentures to directors and other related parties. The debentures were issued at a par value of $ 500 each with fixed annual rates between 1.00 % and 4.00 % and maturity dates between November 1, 2020 and November 1, 2024 . Various of these debentures have matured since issuance and $ 7,500 remains as of March 31, 2023 . At the Company’s option, and with 30 days advanced notice to the holder, the entire principal amount and all accrued interest may be paid to the holder on or before the maturity date of any debenture. The redemption price is equal to 100 % of the face amount of the debenture redeemed, plus all accrued interest. The scheduled principal payments and weighted average rates of the Debentures, the subordinated note and other debentures are as follows: Year Current Principal Due 2023 2.85 % 3,500 2024 3.74 % 4,000 Thereafter 4.20 % 42,217 Total scheduled principal payments $ 49,717 Unamortized debt issuance costs ( 531 ) $ 49,186

EQUITY AWARDS

EQUITY AWARDS	3 Months Ended
	Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]
EQUITY AWARDS	NOTE 6 – EQUITY AWARDS The Company’s 2015 Equity Incentive Plan (the “Plan”) was adopted by the Company and approved by its shareholders in April 2015. The maximum number of shares of common stock that may be issued pursuant to stock-based awards under the Plan equals 1,100,000 shares, all of which may be subject to incentive stock option treatment. Option awards are generally granted with an exercise price equal to the market price of the Company’s common stock at the date of grant; those option awards have vesting periods ranging from 5 to 10 years and have 10-year contractual terms. Restricted stock awards vest under the period of restriction specified within their respective award agreements as determined by the Company. Forfeitures are recognized as they occur, subject to a 90-day grace period for vested options. The fair value of each option award is estimated on the date of grant using a closed form option valuation (Black-Scholes) model that uses the assumptions noted in the table below. Expected volatilities are based on historical volatilities of the Company’s common stock and similar peer group averages. The Company uses historical data to estimate option exercise and post-vesting termination behavior. The expected term of options granted is based on historical data and represents the period of time that options granted are expected to be outstanding, which takes in to account that the options are not transferable. The dividend yield is the total dividends per share paid during the period divided by the average of the Company's stock price on each date a grant was issued. The risk-free interest rate for the expected term of the option is based on U.S. Treasury yield curve in effect at the time of the grant. A summary of stock option activity in the Plan during the three months ended March 31, 2023 and 2022 follows: Three Months Ended March 31, 2023 Number of Weighted- Weighted- Aggregate Outstanding at beginning of year 497,820 $ 28.07 5.87 $ 3,402 Granted 15,500 29.91 Exercised ( 8,800 ) 25.57 Forfeited ( 15,440 ) 30.42 Balance, March 31, 2023 489,080 $ 28.10 5.77 $ 1,037 Exercisable at end of period 281,500 $ 25.57 4.26 $ 850 Three Months Ended March 31, 2022 Number of Weighted- Weighted- Aggregate Outstanding at beginning of year 502,780 $ 25.77 5.59 $ 5,936 Granted 39,000 35.89 Forfeited ( 5,060 ) 26.92 Balance, March 31, 2022 536,720 $ 26.50 5.65 $ 4,626 Exercisable at end of period 307,086 $ 24.30 4.28 $ 3,285 A summary of nonvested stock option activity in the Plan during the three months ended March 31, 2023 and 2022 follows: Three Months Ended March 31, 2023 Number of Weighted-Average Outstanding at beginning of year 216,480 $ 5.95 Granted 15,500 6.02 Vested ( 18,200 ) 5.62 Forfeited ( 6,200 ) 13.10 Balance, March 31, 2023 207,580 $ 5.99 Three Months Ended March 31, 2022 Number of Weighted-Average Outstanding at beginning of year 207,084 $ 5.23 Granted 39,000 6.03 Vested ( 14,030 ) 5.21 Forfeited ( 2,420 ) 9.13 Balance, March 31, 2022 229,634 $ 5.38 Information related to stock options in the Plan is as follows for the three months ended: March 31, 2023 March 31, 2022 Intrinsic value of options exercised $ 22 $ — Cash received from options exercised 225 — Weighted average fair value of options granted 6.02 6.03 Restricted Stock Awards A summary of restricted stock activity in the Plan during the three months ended March 31, 2023 and 2022 follows: Three Months Ended March 31, 2023 Number of Weighted-Average Outstanding at beginning of year 18,930 $ 27.51 Granted 1,474 34.10 Vested ( 2,970 ) 27.50 Forfeited ( 880 ) 27.78 Balance, March 31, 2023 16,554 $ 29.03 Three Months Ended March 31, 2022 Number of Weighted-Average Outstanding at beginning of year 30,190 $ 27.52 Vested ( 4,070 ) 27.50 Balance, March 31, 2022 26,120 $ 27.52 Restricted stock granted to employees typically vests over five years , but vesting periods may vary. Compensation expense for these grants will be recognized over the vesting period of the awards based on the fair value of the stock at the issue date. As of March 31, 2023, there was $ 1,610 of total unrecognized compensation expense related to nonvested stock options granted under the Plan. The expense is expected to be recognized over a weighted-average period of 3.25 years. The Company granted options under the Plan during the first three months of 2022 and 2022. Expense of $ 148 and $ 156 was recorded during the three months ended March 31, 2023 and 2022 , respectively, which represents the fair value of shares, restricted stock and stock options vested during those periods.

EMPLOYEE BENEFITS

EMPLOYEE BENEFITS	3 Months Ended
	Mar. 31, 2023
Retirement Benefits [Abstract]
EMPLOYEE BENEFITS	NOTE 7 - EMPLOYEE BENEFITS KSOP The Company maintains an Employee Stock Ownership Plan containing Section 401(k) provisions covering substantially all employees (“KSOP”). The plan provides for a matching contribution of up to 5 % of a participant’s qualified compensation starting January 1, 2016. Guaranty’s total contributions accrued or paid during the three months ended March 31, 2023 and 2022 totaled $ 493 and $ 436 , respectively, and is included in employee compensation and benefits on the Company’s consolidated statements of earnings. Upon separation from service or other distributable event, a participant’s account under the KSOP may be distributed in kind in the form of the GNTY common shares allocated to his or her account (with the balance payable in cash), or the entire account can be liquidated and distributed in cash. As of March 31, 2023, the number of shares held by the KSOP was 996,529 . There were no unallocated shares to plan participants as of March 31, 2023, and all shares held by the KSOP were treated as outstanding. Executive Incentive Retirement Plan The Company established a nonqualified, non-contributory executive incentive retirement plan covering a selected group of key personnel to provide benefits equal to amounts computed under an “award criteria” at various targeted salary levels as adjusted for annual earnings performance of the Company. The plan is non-funded. In connection with the Executive Incentive Retirement Plan, the Company has purchased life insurance policies on the respective officers. The cash surrender value of life insurance policies held by the Company totaled $ 38,619 and $ 38,404 as of March 31, 2023 and December 31, 2022, respectively. Expense related to these plans totaled $ 360 and $ 322 for the three months ended March 31, 2023 and 2022, respectively. This expense is included in employee compensation and benefits on the Company’s consolidated statements of earnings. The recorded liability totaled approximately $ 5,694 and $ 5,388 as of March 31, 2023 and December 31, 2022, respectively and is included in accrued interest and other liabilities on the Company’s consolidated balance sheets. Bonus Plan The Company has a bonus plan that rewards officers and employees based on performance of individual business units of the Company. Earnings and growth performance goals for each business unit and for the Company as a whole are established at the beginning of the calendar year and approved annually by Guaranty’s board of directors. The bonus plan provides for a predetermined bonus amount to be contributed to the employee bonus pool based on (i) earnings target and growth for individual business units and (ii) achieving certain pre-tax return on average equity and pre-tax return on average asset levels for the Company as a whole. These bonus amounts are established annually by Guaranty’s board of directors. The bonus expense under this plan for the three months ended March 31, 2023 and 2022 totaled $ 875 and $ 1,267 , respectively, which included accrued bonus expense at March 31, 2023 and December 31, 2022 of $ 575 and $ 2,332 , respectively. This expense is included in employee compensation and benefits on the consolidated statements of earnings and the accrual is included in accrued interest and other liabilities on the consolidated balance sheets.

LEASES

LEASES	3 Months Ended
	Mar. 31, 2023
Leases [Abstract]
LEASES	NOTE 8 – LEASES The Company has operating leases for bank locations, ATMs, corporate offices, and certain other arrangements, which have remaining lease terms of 1 year to 13 years . Some of the Company’s operating leases include options to extend the leases for up to 10 years . Operating leases in which we are the lessee must be recorded as right-of-use assets with corresponding lease liabilities. The right-of-use asset represents our right to utilize the underlying asset during the lease term, while the lease liability represents the present value of the obligation of the Company to make periodic lease payments over the life of the lease. The associated operating lease costs are comprised of the amortization of the right-of-use asset and the implicit interest accreted on the lease liability, which is recognized on a straight-line basis over the life of the lease. As of March 31, 2023, operating lease right-of-use assets were $ 12,958 and liabilities were $ 13,592 , and as of December 31, 2022, lease assets and liabilities were $ 12,896 and $ 13,520 , respectively, and were included within the accompanying consolidated balance sheets as components of other assets and accrued interest and other liabilities, respectively. Operating lease expense for operating leases accounted for under ASC 842 for the three months ended March 31, 2023 and 2022 was approximately $ 578 and $ 549 , respectively, and is included as a component of occupancy expenses within the accompanying consolidated statements of earnings. The table below summarizes other information related to our operating leases as of: March 31, 2023 December 31, 2022 Operating leases Operating lease right-of-use assets $ 12,958 $ 12,896 Operating lease liabilities 13,592 13,520 Weighted average remaining lease term Operating leases 7 years 8 years Weighted average discount rate Operating leases 2.04 % 2.00 % The Company leases some of its banking facilities under non-cancelable operating leases expiring in various years through 2027 and thereafter. Minimum future lease payments under these non-cancelable operating leases as of March 31, 2023, are as follows: Year Ended December 31, Amount 2023 $ 2,208 2024 2,134 2025 1,962 2026 1,727 2027 1,536 Thereafter 4,370 Total lease payments 13,937 Less: interest ( 345 ) Present value of lease liabilities $ 13,592

INCOME TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 9 - INCOME TAXES Income tax expense was as follows for: Three Months Ended 2023 2022 Income tax expense for the period $ 1,823 $ 2,235 Effective tax rate 18.05 % 17.23 % The effective tax rates differ from the statutory federal tax rate of 21 % for the three and three months ended March 31, 2023 and 2022 largely due to tax exempt interest income earned on certain investment securities and loans .

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS	3 Months Ended
	Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE FINANCIAL INSTRUMENTS	NOTE 10 - DERIVATIVE FINANCIAL INSTRUMENTS The Company utilizes certain derivative financial instruments. Stand-alone derivative financial instruments such as interest rate swaps, are used to economically hedge interest rate risk related to the Company’s liabilities. These derivative instruments involve both credit and market risk. The notional amounts are amounts on which calculations, payments, and the value of the derivative are based. Notional amounts do not represent direct credit exposures. Direct credit exposure is limited to the net difference between the calculated amounts to be received and paid, if any. Such difference, which represents the fair value of the derivative instruments, is reflected on the Company’s consolidated balance sheets in other liabilities, if applicable. The Company is exposed to credit related losses in the event of nonperformance by the counterparties to those agreements. The Company controls the credit risk of its financial contracts through credit approvals, limits and monitoring procedures, and does not expect any counterparties to fail to perform their respective obligations. In the first quarter of 2022, the Company terminated interest rate swaps that were originally designed to receive payments at a floating rate in exchange for paying a fixed rate, the objective of which was to reduce the overall cost of short-term 3-month FHLB advances that were renewed consistent with the reset terms on the interest rate swaps. The swaps were cancelled at a net gain of $ 685 , which is included in other noninterest income in the Consolidated Statement of Earnings. Interest expense recorded on these swap transactions totaled $ 63 during the three months ended March 31, 2022 . This expense is reported as a component of interest expense on the debentures and the FHLB advances and federal funds purchased.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 11 - COMMITMENTS AND CONTINGENCIES In the normal course of business, the Company enters into various transactions, which, in accordance with GAAP, are not included in its consolidated balance sheets. These transactions are referred to as “off-balance sheet commitments.” The Company enters into these transactions to meet the financing needs of its customers. These transactions include commitments to extend credit and letters of credit, which involve elements of credit risk in excess of the amounts recognized in the consolidated balance sheets. The Company minimizes its exposure to loss under these commitments by subjecting them to credit approval and monitoring procedures. The Company enters into contractual commitments to extend credit, normally with fixed expiration dates or termination clauses, at specified rates and for specific purposes. Customers use credit commitments to ensure that funds will be available for working capital purposes, for capital expenditures and to ensure access to funds at specified terms and conditions. Substantially all of the Company’s commitments to extend credit are contingent upon customers maintaining specific credit standards at the time of loan funding. Management considers the likelihood of commitments and letters of credit to be funded, along with credit related conditions present in the loan agreements when estimating an ACL for off-balance sheet commitments. Loan agreements executed in connection with construction loans and commercial lines of credit have standard conditions which must be met prior to the Company being required to provide additional funding, including conditions precedent that typically include: (i) no event of default or potential default has occurred; (ii) that no material adverse events have taken place that would materially affect the borrower or the value of the collateral, (iii) that the borrower remains in compliance with all loan obligations and covenants and has made no misrepresentations; (iv) that the collateral has not been damaged or impaired; (v) that the project remains on budget and in compliance with all laws and regulations; and (vi) that all management agreements, lease agreements and franchise agreements that affect the value of the collateral remain in force. If the conditions precedent have not been met, the Company retains the option to cease current draws and/or future funding. As a result of these conditions within our loan agreements, management has determined that credit risk is minimal and there is no recorded ACL with respect to these commitments as of March 31, 2023 and December 31, 2022. Letters of credit are written conditional commitments issued by the Company to guarantee the performance of a customer to a third party. The Company’s policies generally require that letters of credit arrangements contain security and debt covenants similar to those contained in loan agreements. In the event the customer does not perform in accordance with the terms of the agreement with the third party, the Company would be required to fund the commitment. The maximum potential amount of future payments the Company could be required to make is represented by the contractual amount shown in the table below. If the commitment were funded, the Company would be entitled to seek recovery from the customer. Our credit risk associated with issuing letters of credit is essentially the same as the risk involved in extending loan facilities to our customers. As of March 31, 2023 and December 31, 2022 , no amounts have been recorded as an ACL for the Bank’s potential obligations under these guarantees. Commitments and letters of credit outstanding were as follows as of: Contract or Notional Amount March 31, 2023 December 31, 2022 Commitments to extend credit $ 464,307 $ 474,745 Letters of credit 8,272 8,289 Litigation The Company is involved in certain claims and lawsuits occurring in the normal course of business. Management, after consultation with legal counsel, does not believe that the outcome of these actions, if determined adversely, would have a material impact on the consolidated financial statements of the Company. FHLB Letters of Credit At March 31, 2023, the Company had letters of credit of $ 15,000 pledged to secure public deposits, repurchase agreements, and for other purposes required or permitted by law.

REGULATORY MATTERS

REGULATORY MATTERS	3 Months Ended
	Mar. 31, 2023
Banking And Thrifts [Abstract]
REGULATORY MATTERS	NOTE 12 - REGULATORY MATTERS The Company on a consolidated basis and the Bank are subject to various regulatory capital requirements administered by federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company must meet specific capital guidelines that involve quantitative measures of the Company’s assets, liabilities, and certain off balance sheet items as calculated under regulatory accounting practices. The Company’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. The Basel III Capital Rules, a comprehensive capital framework for U.S. banking organizations, became effective for the Company and Bank on January 1, 2015, with certain transition provisions that were fully phased in on January 1, 2019. Quantitative measures established by the Basel III Capital Rules to ensure capital adequacy require the maintenance of minimum amounts and ratios (set forth in the table below) of Common Equity Tier 1 capital, Tier 1 capital and Total capital (as defined in the regulations) to risk-weighted assets (as defined), and or Tier 1 capital to adjusted quarterly average assets (as defined). Management believes, as of March 31, 2023 and December 31, 2022, that the Bank met all capital adequacy requirements to which it was subject. The Basel III Capital Rules, among other things, (i) introduced a new capital measure called “Common Equity Tier 1” (“CET1”), (ii) specified that Tier 1 capital consist of CET1 and “Additional Tier 1 Capital” instruments meeting specified requirements, (iii) defined CET1 narrowly by requiring that most deductions/adjustments to regulatory capital measures be made to CET1 and not to the other components of capital, (iv) expanded the scope of the deductions/adjustments as compared to existing regulations, and (v) imposed a "capital conservation buffer" of 2.5 % above minimum risk-based capital requirements, below which an institution would be subject to limitations on certain activities including payment of dividends, share repurchases and discretionary bonuses to executive officers. As of March 31, 2023 and December 31, 2022, the Company’s capital ratios exceeded those levels necessary to be categorized as “well capitalized” under the regulatory framework for prompt corrective action. To be categorized as “well capitalized”, the Company must maintain minimum capital ratios as set forth in the table. There are no conditions or events since March 31, 2023 that management believes have changed the Company’s category. The Federal Reserve’s guidelines regarding the capital treatment of trust preferred securities limits restricted core capital elements (including trust preferred securities and qualifying perpetual preferred stock) to 25% of all core capital elements, net of goodwill less any associated deferred tax liability. Because the Company’s aggregate amount of trust preferred securities is less than the limit of 25% of Tier 1 capital, net of goodwill, the rules permit the inclusion of $ 7,217 of trust preferred securities in Tier 1 capital as of both March 31, 2023 and December 31, 2022. Additionally, the rules provide that trust preferred securities would no longer qualify for Tier 1 capital within five years of their maturity, but would be included as Tier 2 capital. However, the trust preferred securities would be amortized out of Tier 2 capital by one-fifth each year and excluded from Tier 2 capital completely during the year prior to maturity of the subordinated debentures. A comparison of the Company’s and Bank’s actual capital amounts and ratios to required capital amounts and ratios are presented in the following tables as of: Actual Minimum Required Minimum Required To Be Well Amount Ratio Amount Ratio Amount Ratio Amount Ratio March 31, 2023 Total capital to risk-weighted assets: Consolidated $ 363,916 14.57 % $ 199,775 8.00 % $ 262,204 10.50 % $ 249,718 10.00 % Bank 370,244 14.84 % 199,659 8.00 % 262,053 10.50 % 249,574 10.00 % Tier 1 capital to risk-weighted assets: Consolidated 298,241 11.94 % 149,831 6.00 % 212,260 8.50 % 149,831 6.00 % Bank 339,038 13.58 % 149,744 6.00 % 212,138 8.50 % 199,659 8.00 % Tier 1 capital to average assets: (1) Consolidated 298,241 9.00 % 132,598 4.00 % 132,598 4.00 % n/a Bank 339,038 10.24 % 132,501 4.00 % 132,501 4.00 % 165,626 5.00 % Common equity tier 1 capital to risk-weighted assets: Consolidated 291,024 11.65 % 112,373 4.50 % 174,803 7.00 % n/a Bank 339,038 13.58 % 112,308 4.50 % 174,702 7.00 % 162,223 6.50 % (1) The Tier 1 capital ratio (to average assets) is not impacted by the Basel III Capital Rules; however, the Federal Reserve and the FDIC may require the Consolidated Company and the Bank, respectively, to maintain a Tier 1 capital ratio (to average assets) above the required minimum. Actual Minimum Required Minimum Required To Be Well Amount Ratio Amount Ratio Amount Ratio Amount Ratio December 31, 2022 Total capital to risk-weighted assets: Consolidated $ 358,702 14.37 % $ 199,687 8.00 % $ 262,089 10.50 % $ 249,608 10.00 % Bank 361,125 14.48 % 199,570 8.00 % 261,936 10.50 % 249,463 10.00 % Tier 1 capital to risk-weighted assets: Consolidated 292,966 11.74 % 149,765 6.00 % 212,167 8.50 % 149,765 6.00 % Bank 329,933 13.23 % 149,678 6.00 % 212,044 8.50 % 199,570 8.00 % Tier 1 capital to average assets: (1) Consolidated 292,966 8.77 % 133,614 4.00 % 133,614 4.00 % n/a Bank 329,933 9.89 % 133,375 4.00 % 133,375 4.00 % 166,718 5.00 % Common equity tier 1 capital to risk-weighted assets: Consolidated 285,749 11.45 % 112,324 4.50 % 174,726 7.00 % n/a Bank 329,933 13.23 % 112,258 4.50 % 174,624 7.00 % 162,151 6.50 % (1) The Tier 1 capital ratio (to average assets) is not impacted by the Basel III Capital Rules; however, the Federal Reserve and the FDIC may require the Consolidated Company and the Bank, respectively, to maintain a Tier 1 capital ratio (to average assets) above the required minimum. Dividends paid by Guaranty are mainly provided by dividends from its subsidiaries. However, certain regulatory restrictions exist regarding the ability of its bank subsidiary to transfer funds to Guaranty in the form of cash dividends, loans or advances. The amount of dividends that a subsidiary bank organized as a national banking association, such as the Bank, may declare in a calendar year is the subsidiary bank’s net profits for that year combined with its retained net profits for the preceding two years. Retained net profits, as defined by the OCC, consist of net income less dividends declared during the period.

FAIR VALUE

FAIR VALUE	3 Months Ended
	Mar. 31, 2023
Fair Value Disclosures [Abstract]
FAIR VALUE	NOTE 13 - FAIR VALUE Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair values: Level 1 - Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2 - Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3 - Significant unobservable inputs that reflect a company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. The Company used the following methods and significant assumptions to estimate fair value: Marketable Securities : The fair values for marketable securities are determined by quoted market prices, if available (Level 1). For securities where quoted prices are not available, fair values are calculated based on market prices of similar securities (Level 2). For securities where quoted prices or market prices of similar securities are not available, fair values are calculated using discounted cash flows or other market indicators (Level 3). Loans Held For Sale : Loans held for sale are carried at the lower of cost or fair value, which is evaluated on a pool-level basis. The fair value of loans held for sale is determined using quoted prices for similar assets, adjusted for specific attributes of that loan or other observable market data, such as outstanding commitments from third party investors (Level 2). Other Real Estate Owned : Assets acquired through or instead of loan foreclosure are initially recorded at fair value less costs to sell when acquired, establishing a new cost basis. These assets are subsequently accounted for at lower of cost or fair value less estimated costs to sell. Fair value is commonly based on recent real estate appraisals which are updated no less frequently than annually. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Real estate owned properties are evaluated on a quarterly basis for additional impairment and adjusted accordingly (Level 3). Individually Evaluated Collateral Dependent Loans : The fair value of individually evaluated collateral dependent loans is generally based on the fair value of collateral, less costs to sell. The fair value of real estate collateral is determined using recent real estate appraisals. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Such adjustments are usually significant (Level 3). Non-real estate collateral may be valued using an appraisal, net book value per the borrower’s financial statements, or aging reports, adjusted or discounted based on management’s historical knowledge, changes in market conditions from the time of the valuation, and management’s expertise and knowledge of the client and client’s business (Level 3). The following tables summarize quantitative disclosures about the fair value measurements for each category of financial assets (liabilities) carried at fair value: March 31, 2023 Fair Value Quoted Significant Significant Assets at fair value on a recurring basis: Available for sale securities: Mortgage-backed securities $ 123,578 $ — $ 123,578 $ — Collateralized mortgage obligations 19,123 — 19,123 — Municipal securities 3,402 — 3,402 — Corporate bonds 27,641 — 27,641 — Loans held for sale 1,260 — — 1,260 Cash surrender value of life insurance 38,619 — 38,619 — SBA servicing assets 808 — — 808 Assets at fair value on a nonrecurring basis: Individually evaluated collateral dependent loans — — — — December 31, 2022 Fair Value Quoted Significant Significant Assets at fair value on a recurring basis: Available for sale securities: Mortgage-backed securities $ 130,341 $ — $ 130,341 $ — Collateralized mortgage obligations 20,157 — 20,157 — Municipal securities 10,642 — 10,642 — Corporate bonds 27,787 — 27,787 — Loans held for sale 3,156 — — 3,156 Cash surrender value of life insurance 38,404 — 38,404 — SBA servicing assets 874 — — 874 Assets at fair value on a nonrecurring basis: Individually evaluated collateral dependent loans — — — — There were no transfers between Level 2 and Level 3 during the three months ended March 31, 2023 or during the year ended December 31, 2022. Nonfinancial Assets and Nonfinancial Liabilities Nonfinancial assets measured at fair value on a nonrecurring basis include certain foreclosed assets which, upon initial recognition, are remeasured and reported at fair value through a charge-off to the allowance for credit losses and certain foreclosed assets which, subsequent to their initial recognition, are remeasured at fair value through a write-down included in current earnings. The fair value of a foreclosed asset is estimated using Level 2 inputs based on observable market data or Level 3 inputs based on customized discounting criteria. As of March 31, 2023 and 2022, and December 31, 2022 , there were no foreclosed assets that were remeasured and recorded at fair value. As of March 31, 2023 and December 31, 2022 , there were no nonrecurring level 3 fair value measurements requiring quantitative information. There were no individually evaluated collateral dependent loans included in the ACL model as of March 31, 2023 or December 31, 2022. The carrying amounts and estimated fair values of financial instruments not previously discussed in this note, as of March 31, 2023 and December 31, 2022, are as follows: Fair value measurements as of Carrying Level 1 Level 2 Level 3 Total Financial assets: Cash, due from banks, federal funds sold and interest-bearing deposits $ 158,125 $ 158,125 $ — $ — $ 158,125 Marketable securities held to maturity 476,105 — 444,304 — 444,304 Loans, net 2,344,240 — — 2,197,175 2,197,175 Accrued interest receivable 10,443 — 10,443 — 10,443 Nonmarketable equity securities 29,211 — 29,211 — 29,211 Financial liabilities: Deposits $ 2,623,368 $ 2,150,050 $ 470,651 $ — $ 2,620,701 Securities sold under repurchase agreements 13,338 — 13,338 — 13,338 Accrued interest payable 3,863 — 3,863 — 3,863 Federal Home Loan Bank advances 340,000 — 339,952 — 339,952 Subordinated debt 49,186 — 49,601 — 49,601 Fair value measurements as of Carrying Level 1 Level 2 Level 3 Total Financial assets: Cash, due from banks, federal funds sold and interest-bearing deposits $ 106,467 $ 106,467 $ — $ — $ 106,467 Marketable securities held to maturity 509,008 — 475,068 — 475,068 Loans, net 2,344,245 — — 2,217,606 2,217,606 Accrued interest receivable 11,555 — 11,555 — 11,555 Nonmarketable equity securities 25,585 — 25,585 — 25,585 Financial liabilities: Deposits $ 2,681,154 $ 2,326,615 $ 351,981 $ — $ 2,678,596 Securities sold under repurchase agreements 7,221 — 7,221 — 7,221 Accrued interest payable 2,348 — 2,348 — 2,348 Federal Home Loan Bank advances 290,000 — 289,926 — 289,926 Subordinated debt 49,153 — 50,025 — 50,025 The methods and assumptions, not previously presented, used to estimate fair values are described as follows: Cash and Cash Equivalents : The carrying amounts of cash and short-term instruments approximate fair values (Level 1). Marketable Securities Held to Maturity : The fair values for marketable securities held to maturity are determined by quoted market prices, if available (Level 1). For securities where quoted prices are not available, fair values are calculated based on market prices of similar securities (Level 2). Loans, net : The fair value of fixed-rate loans and variable-rate loans that reprice on an infrequent basis is estimated by discounting future cash flows using the current interest rates at which similar loans with similar terms would be made to borrowers of similar credit quality (Level 3). Nonmarketable Equity Securities : It is not practical to determine the fair value of Independent Bankers Financial Corporation, Federal Home Loan Bank, Federal Reserve Bank and other stock due to restrictions placed on its transferability. Deposits and Securities Sold Under Repurchase Agreements : The fair values disclosed for demand deposits (e.g., interest and non-interest checking, passbook savings, and certain types of money market accounts) are, by definition, equal to the amount payable on demand at the reporting date (i.e., their carrying amount) (Level 1). The fair values of deposit liabilities with defined maturities are estimated by discounting future cash flows using interest rates currently offered for deposits of similar remaining maturities (Level 2). Other Borrowings : The fair value of borrowings, consisting of lines of credit, Federal Home Loan Bank advances and subordinated debt is estimated by discounting future cash flows using currently available rates for similar financing (Level 2). Accrued Interest Receivable/Payable : The carrying amounts of accrued interest approximate their fair values (Level 2). Off-balance Sheet Instruments : Fair values for off-balance sheet, credit-related financial instruments are based on fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the counterparties’ credit standing. The fair value of commitments is not material.

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
	Mar. 31, 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 months ended March 31, 2023 were $ 4 , and is excluded from this calculation. There were no earnings or losses attributable to the noncontrolling interest during the three months ended March 31, 2022 . 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 2023 2022 Numerator: Net earnings attributable to Guaranty Bancshares, Inc. $ 8,281 $ 10,738 Denominator: Weighted-average shares outstanding (basic) 11,939,593 12,109,074 Effect of dilutive securities: Common stock equivalent shares from stock options 72,411 151,871 Weighted-average shares outstanding (diluted) 12,012,004 12,260,945 Net earnings attributable to Guaranty Bancshares, Inc. per share Basic $ 0.69 $ 0.89 Diluted $ 0.69 $ 0.88

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Nature of Operations	Nature of Operations : Guaranty Bancshares, Inc. (“Guaranty”) is a bank holding company headquartered in Mount Pleasant, Texas that provides, through its wholly-owned subsidiary, Guaranty Bank & Trust, N.A. (the “Bank”), a broad array of financial products and services to individuals and corporate customers, primarily in its markets of East Texas, Dallas/Fort Worth, Greater Houston and Central Texas. The terms “the Company,” “we,” “us” and “our” mean Guaranty and its subsidiaries, when appropriate. The Company’s main sources of income are derived from granting loans throughout its markets and investing in securities issued or guaranteed by the U.S. Treasury, U.S. government agencies and state and political subdivisions. The Company’s primary lending products are real estate, commercial and consumer loans. Although the Company has a diversified loan portfolio, a substantial portion of its debtors’ abilities to honor contracts is dependent on the economy of the State of Texas and primarily the economies of East Texas, Dallas/Fort Worth, Greater Houston and Central Texas. The Company primarily funds its lending activities with deposit operations. The Company’s primary deposit products are checking accounts, money market accounts and certificates of deposit.
Basis of Presentation	Basis of Presentation : The consolidated financial statements in this report have not been audited by an independent registered public accounting firm, but in the opinion of management, reflect all adjustments necessary for a fair presentation of the Company’s financial position and results of operations. All such adjustments were of a normal and recurring nature. The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions to Form 10-Q adopted by the Securities and Exchange Commission (“SEC”). Accordingly, the financial statements do not include all of the information and footnotes required by GAAP for complete financial statements and should be read in conjunction with the Company’s consolidated financial statements, and notes thereto, for the year ended December 31, 2022, included in Guaranty’s Annual Report on Form 10-K for the year ended December 31, 2022. Operating results for the interim periods disclosed herein are not necessarily indicative of the results that may be expected for a full year or any future period. All dollar amounts referenced and discussed in the notes to the consolidated financial statements in this report are presented in thousands, unless noted otherwise. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. These estimates and assumptions may also affect disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates.
Principles of Consolidation	Principles of Consolidation : The consolidated financial statements in this Quarterly Report on Form 10-Q (this “Report”) include the accounts of Guaranty, the Bank and indirect subsidiaries that are wholly-owned or controlled. Subsidiaries that are less than wholly owned are fully consolidated if they are controlled by Guaranty or one of its subsidiaries, and the portion of any subsidiary not owned by Guaranty is reported as noncontrolling interest. All significant intercompany balances and transactions have been eliminated in consolidation. The Bank has eight wholly-owned or controlled non-bank subsidiaries, Guaranty Company, Inc., G B COM, INC., 2800 South Texas Avenue LLC, Pin Oak Realty Holdings, Inc., Pin Oak Asset Management, LLC, Guaranty Bank & Trust Political Action Committee, White Oak Aviation, LLC and Caliber Guaranty Private Account, LLC, the entity which has a noncontrolling interest. The accounting and financial reporting policies followed by the Company conform, in all material respects, to accounting principles generally accepted in the United States of America (“GAAP”) and to general practices within the financial services industry.
Recent Accounting Pronouncements	Recent Accounting Pronouncements : In March 2022, the FASB issued ASU 2022-02, Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures , which eliminates the recognition and measurement guidance for troubled debt restructurings ("TDRs") by creditors in ASC 310-40. The update also enhances disclosure requirements for certain loan restructurings by creditors when a borrower is experiencing financial difficulty. Specifically, rather than applying the recognition and measurement guidance for TDRs, an entity will apply the loan refinancing and restructuring guidance to determine whether a modification or other form of restructuring results in a new loan or a continuation of an existing loan. Finally, the amendments in this ASU require a public business entity to disclose current-period gross write-offs by year of origination for financing receivables and net investments in leases in the existing vintage disclosures. The Company adopted this ASU effective on January 1, 2023, and used the modified retrospective method, which did not have a significant impact on its consolidated financial statements. The new modification disclosure requirements are applied on a prospective basis.

MARKETABLE SECURITIES (Tables)

MARKETABLE SECURITIES (Tables)	3 Months Ended
	Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Schedule of Amortized Cost and Fair Value of Securities Available for Sale and Held to Maturity Securities	The following tables summarize the amortized cost and fair value of available for sale and held to maturity securities as of March 31, 2023 and December 31, 2022 and the corresponding amounts of gross unrealized gains and losses: March 31, 2023 Amortized Gross Gross Estimated Available for sale: Corporate bonds $ 29,943 $ — $ 2,302 $ 27,641 Municipal securities 3,186 216 — 3,402 Mortgage-backed securities 139,187 — 15,609 123,578 Collateralized mortgage obligations 20,805 3 1,685 19,123 Total available for sale $ 193,121 $ 219 $ 19,596 $ 173,744 Held to maturity: U.S. government agencies $ 9,178 $ — $ 1,166 $ 8,012 Treasury securities 113,939 — 1,915 112,024 Municipal securities 181,986 670 7,575 175,081 Mortgage-backed securities 130,138 — 14,726 115,412 Collateralized mortgage obligations 40,864 — 7,089 33,775 Total held to maturity $ 476,105 $ 670 $ 32,471 $ 444,304 December 31, 2022 Amortized Gross Gross Estimated Available for sale: Corporate bonds $ 29,964 $ — $ 2,177 $ 27,787 Municipal securities 10,324 326 8 10,642 Mortgage-backed securities 145,896 1 15,556 130,341 Collateralized mortgage obligations 21,981 3 1,827 20,157 Total available for sale $ 208,165 $ 330 $ 19,568 $ 188,927 Held to maturity: U.S. government agencies $ 9,141 $ — $ 1,259 $ 7,882 Treasury securities 133,735 — 2,921 130,814 Municipal securities 191,680 658 8,285 184,053 Mortgage-backed securities 132,693 — 14,708 117,985 Collateralized mortgage obligations 41,759 — 7,425 34,334 Total held to maturity $ 509,008 $ 658 $ 34,598 $ 475,068
Schedule of Securities with Gross Unrealized Losses	Information pertaining to securities with gross unrealized losses as of March 31, 2023 and December 31, 2022, for which no allowance for credit losses has been recorded, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position is detailed in the following tables: Less Than 12 Months 12 Months or Longer Total March 31, 2023 Gross Estimated Gross Estimated Gross Estimated Available for sale: Corporate bonds $ ( 550 ) $ 8,975 $ ( 1,752 ) $ 18,666 $ ( 2,302 ) $ 27,641 Mortgage-backed securities ( 441 ) 17,739 ( 15,168 ) 105,836 ( 15,609 ) 123,575 Collateralized mortgage obligations ( 124 ) 5,037 ( 1,561 ) 13,927 ( 1,685 ) 18,964 Total available for sale $ ( 1,115 ) $ 31,751 $ ( 18,481 ) $ 138,429 $ ( 19,596 ) $ 170,180 Held to maturity: U.S. government agencies $ — $ — $ ( 1,166 ) $ 8,012 $ ( 1,166 ) $ 8,012 Treasury securities ( 1,915 ) 112,024 — — ( 1,915 ) 112,024 Municipal securities ( 1,543 ) 88,278 ( 6,032 ) 37,920 ( 7,575 ) 126,198 Mortgage-backed securities ( 2,851 ) 47,028 ( 11,875 ) 68,384 ( 14,726 ) 115,412 Collateralized mortgage obligations ( 384 ) 4,706 ( 6,705 ) 29,069 ( 7,089 ) 33,775 Total held to maturity $ ( 6,693 ) $ 252,036 $ ( 25,778 ) $ 143,385 $ ( 32,471 ) $ 395,421 Less Than 12 Months 12 Months or Longer Total December 31, 2022 Gross Estimated Gross Estimated Gross Estimated Available for sale: Corporate bonds $ ( 1,518 ) $ 20,323 $ ( 659 ) $ 7,464 ( 2,177 ) 27,787 Municipal securities ( 8 ) 1,659 — — ( 8 ) 1,659 Mortgage-backed securities ( 6,150 ) 74,146 ( 9,406 ) 55,826 ( 15,556 ) 129,972 Collateralized mortgage obligations ( 908 ) 16,575 ( 919 ) 3,411 ( 1,827 ) 19,986 Total available for sale $ ( 8,584 ) $ 112,703 $ ( 10,984 ) $ 66,701 $ ( 19,568 ) $ 179,404 Held to maturity: U.S. government agencies $ ( 1,259 ) $ 7,882 $ — $ — $ ( 1,259 ) $ 7,882 Treasury securities ( 2,921 ) 130,814 — — ( 2,921 ) 130,814 Municipal securities ( 7,071 ) 118,117 ( 1,214 ) 3,701 ( 8,285 ) 121,818 Mortgage-backed securities ( 8,355 ) 80,556 ( 6,353 ) 37,429 ( 14,708 ) 117,985 Collateralized mortgage obligations ( 1,031 ) 10,750 ( 6,394 ) 23,584 ( 7,425 ) 34,334 Total held to maturity $ ( 20,637 ) $ 348,119 $ ( 13,961 ) $ 64,714 $ ( 34,598 ) $ 412,833
Schedule of Proceeds from Sales of Available for Sale Securities and Associated Gains and Losses	The proceeds from sales of available for sale securities and the associated gains and losses are listed below for the: Three Months Ended 2023 2022 Proceeds from sales $ 7,239 $ — Gross gains 119 — Gross losses ( 26 ) —
Investments Classified by Contractual Maturity Date	The contractual maturities at March 31, 2023 of available for sale and held to maturity securities at carrying value and estimated fair value are shown below. The Company invests in mortgage-backed securities and collateralized mortgage obligations that have expected maturities that differ from their contractual maturities. These differences arise because borrowers and/or issuers may have the right to call or prepay their obligation with or without call or prepayment penalties. Available for Sale Held to Maturity March 31, 2023 Amortized Estimated Amortized Estimated Due within one year $ — $ — $ 74,980 $ 73,848 Due after one year through five years 11,063 10,578 70,556 69,126 Due after five years through ten years 18,880 17,063 86,353 83,208 Due after ten years 3,186 3,402 73,214 68,935 Mortgage-backed securities 139,187 123,578 130,138 115,412 Collateralized mortgage obligations 20,805 19,123 40,864 33,775 Total securities $ 193,121 $ 173,744 $ 476,105 $ 444,304

LOANS AND ALLOWANCE FOR CREDI_2

LOANS AND ALLOWANCE FOR CREDIT LOSSES (Tables)	3 Months Ended
	Mar. 31, 2023
Receivables [Abstract]
Summary of Loan Portfolio by Type of Loan	The following table summarizes the Company’s loan portfolio by type of loan as of: March 31, 2023 December 31, 2022 Commercial and industrial $ 295,936 $ 314,067 Real estate: Construction and development 372,203 377,135 Commercial real estate 900,190 887,587 Farmland 190,802 185,817 1-4 family residential 499,944 493,061 Multi-family residential 44,760 45,147 Consumer 60,163 61,394 Agricultural 13,545 13,686 Overdrafts 270 282 Total loans 2,377,813 2,378,176 Net of: Deferred loan fees, net ( 1,620 ) ( 1,957 ) Allowance for credit losses ( 31,953 ) ( 31,974 ) Total net loans (1) $ 2,344,240 $ 2,344,245 (1) Excludes accrued interest receivable on loans of $ 7.7 million and $ 7.6 million as of March 31, 2023 and December 31, 2022, respectively, which is presented separately on the consolidated balance sheets.
Schedule of Allowance for Credit Losses Activity	The following tables present the activity in the ACL by class of loans for the three months ended March 31, 2023, for the year ended December 31, 2022 and for the three months ended March 31, 2022: For the Three Months Ended Commercial Construction Commercial Farmland 1-4 family Multi-family Consumer Agricultural Overdrafts Total Allowance for credit losses: Beginning balance $ 4,382 $ 4,889 $ 12,658 $ 2,008 $ 6,617 $ 490 $ 778 $ 149 $ 3 $ 31,974 Provision for (reversal of) for credit losses ( 239 ) ( 25 ) 32 78 24 ( 11 ) 82 ( 4 ) 63 — Loans charged-off ( 3 ) — — — — — ( 7 ) ( 3 ) ( 81 ) ( 94 ) Recoveries 8 — — — — — 45 2 18 73 Ending balance $ 4,148 $ 4,864 $ 12,690 $ 2,086 $ 6,641 $ 479 $ 898 $ 144 $ 3 $ 31,953 For the Year Ended Commercial Construction Commercial Farmland 1-4 family Multi-family Consumer Agricultural Overdrafts Total Allowance for credit losses: Beginning balance $ 3,600 $ 4,221 $ 13,765 $ 1,698 $ 5,818 $ 396 $ 762 $ 169 $ 4 $ 30,433 (Reversal of) provision for credit losses 902 668 ( 1,108 ) 310 769 94 283 ( 20 ) 252 2,150 Loans charged-off ( 192 ) — — — — — ( 322 ) — ( 335 ) ( 849 ) Recoveries 72 — 1 — 30 — 55 — 82 240 Ending balance $ 4,382 $ 4,889 $ 12,658 $ 2,008 $ 6,617 $ 490 $ 778 $ 149 $ 3 $ 31,974 For the Three Months Ended Commercial Construction Commercial Farmland 1-4 family Multi-family Consumer Agricultural Overdrafts Total Allowance for credit losses: Beginning balance $ 3,600 $ 4,221 $ 13,765 $ 1,698 $ 5,818 $ 396 $ 762 $ 169 $ 4 30,433 Provision for (reversal of) credit losses 230 ( 323 ) ( 1,569 ) 302 ( 119 ) 60 146 ( 13 ) 36 ( 1,250 ) Loans charged-off ( 119 ) — — — — — ( 17 ) — ( 67 ) ( 203 ) Recoveries 39 — 1 — 30 — 16 — 30 116 Ending balance $ 3,750 $ 3,898 $ 12,197 $ 2,000 $ 5,729 $ 456 $ 907 $ 156 $ 3 $ 29,096
Summary of Credit Exposure	The following table summarizes the credit exposure in the Company’s loan portfolio, by year of origination, as of March 31, 2023: March 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Total Commercial and industrial: Pass $ 20,706 $ 86,053 $ 53,172 $ 17,774 $ 10,891 $ 16,203 $ 88,735 $ 293,534 Special mention — — — — 287 — 640 927 Substandard — 13 — 240 410 204 — 867 Nonaccrual — 135 343 75 — 31 24 608 Total commercial and industrial loans $ 20,706 $ 86,201 $ 53,515 $ 18,089 $ 11,588 $ 16,438 $ 89,399 $ 295,936 Charge-offs $ — $ — $ — $ — $ — $ ( 3 ) $ — $ ( 3 ) Recoveries — — — — — 4 4 8 Current period net $ — $ — $ — $ — $ — $ 1 $ 4 $ 5 Construction and development: Pass $ 12,877 $ 177,829 $ 127,875 $ 16,879 $ 8,031 $ 13,573 $ 11,750 $ 368,814 Special mention — 893 — — — — — 893 Substandard — — — — — — — — Nonaccrual — 262 799 — — 1,435 — 2,496 Total construction and development loans $ 12,877 $ 178,984 $ 128,674 $ 16,879 $ 8,031 $ 15,008 $ 11,750 $ 372,203 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — Commercial real estate: Pass $ 19,634 $ 356,222 $ 148,170 $ 85,555 $ 59,890 $ 194,906 $ 15,545 $ 879,922 Special mention — — — 1,291 — 5,961 — 7,252 Substandard — 1,617 — 262 — 4,181 — 6,060 Nonaccrual — — — — 87 6,869 — 6,956 Total commercial real estate loans $ 19,634 $ 357,839 $ 148,170 $ 87,108 $ 59,977 $ 211,917 $ 15,545 $ 900,190 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — March 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Total Farmland: Pass $ 10,605 $ 91,287 $ 50,961 $ 9,384 $ 6,530 $ 17,194 $ 4,642 $ 190,603 Special mention — — — — — — — — Substandard — — — — 30 60 — 90 Nonaccrual — — — — — 109 — 109 Total farmland loans $ 10,605 $ 91,287 $ 50,961 $ 9,384 $ 6,560 $ 17,363 $ 4,642 $ 190,802 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — 1-4 family residential: Pass $ 13,428 $ 144,109 $ 130,185 $ 48,171 $ 29,331 $ 110,684 $ 20,781 $ 496,689 Special mention — — 45 — 47 123 — 215 Substandard — — — — — — — — Nonaccrual — 300 429 183 112 1,316 700 3,040 Total 1-4 family residential loans $ 13,428 $ 144,409 $ 130,659 $ 48,354 $ 29,490 $ 112,123 $ 21,481 $ 499,944 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — Multi-family residential: Pass $ — $ 18,146 $ 18,225 $ 2,438 $ 4,182 $ 1,678 $ 91 $ 44,760 Special mention — — — — — — — — Substandard — — — — — — — — Nonaccrual — — — — — — — — Total multi-family residential loans $ — $ 18,146 $ 18,225 $ 2,438 $ 4,182 $ 1,678 $ 91 $ 44,760 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — March 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Total Consumer and overdrafts: Pass $ 7,309 $ 27,868 $ 9,807 $ 4,593 $ 1,370 $ 3,084 $ 6,201 $ 60,232 Special mention — 10 9 — 19 9 — 47 Substandard — — — — — — — — Nonaccrual — 22 79 25 10 18 — 154 Total consumer loans and overdrafts $ 7,309 $ 27,900 $ 9,895 $ 4,618 $ 1,399 $ 3,111 $ 6,201 $ 60,433 Charge-offs $ ( 81 ) $ ( 4 ) $ ( 3 ) $ — $ — $ — $ — $ ( 88 ) Recoveries 18 — 1 — — 4 40 63 Current period net $ ( 63 ) $ ( 4 ) $ ( 2 ) $ — $ — $ 4 $ 40 $ ( 25 ) Agricultural: Pass $ 652 $ 2,503 $ 1,483 $ 929 $ 459 $ 716 $ 6,736 $ 13,478 Special mention — — — — — — — — Substandard — — — — — 25 — 25 Nonaccrual — — — — — 42 — 42 Total agricultural loans $ 652 $ 2,503 $ 1,483 $ 929 $ 459 $ 783 $ 6,736 $ 13,545 Charge-offs $ — $ — $ — $ — $ — $ ( 3 ) $ — $ ( 3 ) Recoveries — — — — — 2 — 2 Current period net $ — $ — $ — $ — $ — $ ( 1 ) $ — $ ( 1 ) Total loans: Pass $ 85,211 $ 904,017 $ 539,878 $ 185,723 $ 120,684 $ 358,038 $ 154,481 $ 2,348,032 Special mention — 903 54 1,291 353 6,093 640 9,334 Substandard — 1,630 — 502 440 4,470 — 7,042 Nonaccrual — 719 1,650 283 209 9,820 724 13,405 Total loans $ 85,211 $ 907,269 $ 541,582 $ 187,799 $ 121,686 $ 378,421 $ 155,845 $ 2,377,813 Charge-offs $ ( 81 ) $ ( 4 ) $ ( 3 ) $ — $ — $ ( 6 ) $ — $ ( 94 ) Recoveries 18 — 1 — — 10 44 73 Total current period net (charge-offs) recoveries $ ( 63 ) $ ( 4 ) $ ( 2 ) $ — $ — $ 4 $ 44 $ ( 21 ) The following table summarizes the credit exposure in the Company’s loan portfolio, by year of origination, as of December 31, 2022: December 31, 2022 2022 2021 2020 2019 2018 Prior Revolving Loans Amortized Cost Total Commercial and industrial: Pass $ 99,750 $ 57,854 $ 19,577 $ 11,797 $ 4,172 $ 12,907 $ 105,628 $ 311,685 Special mention — 131 — 333 — — 905 1,369 Substandard 14 — 246 423 192 23 — 898 Nonaccrual 72 33 10 — — — — 115 Total commercial and industrial loans $ 99,836 $ 58,018 $ 19,833 $ 12,553 $ 4,364 $ 12,930 $ 106,533 $ 314,067 Charge-offs $ — $ — $ ( 67 ) $ — $ — $ — $ ( 125 ) $ ( 192 ) Recoveries — — — — — 32 40 72 Current period net $ — $ — $ ( 67 ) $ — $ — $ 32 $ ( 85 ) $ ( 120 ) Construction and development: Pass $ 179,501 $ 138,388 $ 17,361 $ 8,697 $ 3,443 $ 10,535 $ 16,870 $ 374,795 Special mention 905 — — — — — — 905 Substandard — — — — — — — — Nonaccrual — — — — 1,435 — — 1,435 Total construction and development loans $ 180,406 $ 138,388 $ 17,361 $ 8,697 $ 4,878 $ 10,535 $ 16,870 $ 377,135 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — Commercial real estate: Pass $ 347,162 $ 147,986 $ 86,897 $ 63,988 $ 51,002 $ 158,384 $ 12,007 $ 867,426 Special mention — — 1,300 — 2,594 3,427 — 7,321 Substandard 1,336 — — — 26 4,207 — 5,569 Nonaccrual — — 251 96 — 6,924 — 7,271 Total commercial real estate loans $ 348,498 $ 147,986 $ 88,448 $ 64,084 $ 53,622 $ 172,942 $ 12,007 $ 887,587 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — 1 — — 1 Current period net $ — $ — $ — $ — $ 1 $ — $ — $ 1 December 31, 2022 2022 2021 2020 2019 2018 Prior Revolving Loans Amortized Cost Total Farmland: Pass $ 93,128 $ 51,912 $ 10,284 $ 6,646 $ 5,956 $ 11,741 $ 5,948 $ 185,615 Special mention — — — — — — — — Substandard — — — 31 — 62 — 93 Nonaccrual — — — — — 109 — 109 Total farmland loans $ 93,128 $ 51,912 $ 10,284 $ 6,677 $ 5,956 $ 11,912 $ 5,948 $ 185,817 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — 1-4 family residential: Pass $ 143,268 $ 128,957 $ 50,140 $ 30,068 $ 27,104 $ 89,678 $ 21,956 $ 491,171 Special mention — — 43 — — 156 — 199 Substandard — — — — — — — — Nonaccrual — 148 — 116 118 1,309 — 1,691 Total 1-4 family residential loans $ 143,268 $ 129,105 $ 50,183 $ 30,184 $ 27,222 $ 91,143 $ 21,956 $ 493,061 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — 30 — 30 Current period net $ — $ — $ — $ — $ — $ 30 $ — $ 30 Multi-family residential: Pass $ 18,183 $ 18,331 $ 2,463 $ 4,216 $ 878 $ 985 $ 91 $ 45,147 Special mention — — — — — — — — Substandard — — — — — — — — Nonaccrual — — — — — — — — Total multi-family residential loans $ 18,183 $ 18,331 $ 2,463 $ 4,216 $ 878 $ 985 $ 91 $ 45,147 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — December 31, 2022 2022 2021 2020 2019 2018 Prior Revolving Loans Amortized Cost Total Consumer and overdrafts: Pass $ 32,817 $ 11,789 $ 5,455 $ 1,835 $ 3,079 $ 473 $ 6,008 $ 61,456 Special mention 14 4 — 28 4 — — 50 Substandard — — — — — — — — Nonaccrual 17 93 21 12 23 4 — 170 Total consumer loans and overdrafts $ 32,848 $ 11,886 $ 5,476 $ 1,875 $ 3,106 $ 477 $ 6,008 $ 61,676 Charge-offs $ ( 335 ) $ ( 26 ) $ ( 25 ) $ ( 21 ) $ — $ — $ ( 250 ) $ ( 657 ) Recoveries 83 3 6 11 1 33 — 137 Current period net $ ( 252 ) $ ( 23 ) $ ( 19 ) $ ( 10 ) $ 1 $ 33 $ ( 250 ) $ ( 520 ) Agricultural: Pass $ 3,148 $ 1,914 $ 984 $ 491 $ 392 $ 422 $ 6,243 $ 13,594 Special mention — — — — — 3 — 3 Substandard — — — — — 32 — 32 Nonaccrual — — — — 4 53 — 57 Total agricultural loans $ 3,148 $ 1,914 $ 984 $ 491 $ 396 $ 510 $ 6,243 $ 13,686 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — Total loans: Pass $ 916,957 $ 557,131 $ 193,161 $ 127,738 $ 96,026 $ 285,125 $ 174,751 $ 2,350,889 Special mention 919 135 1,343 361 2,598 3,586 905 9,847 Substandard 1,350 — 246 454 218 4,324 — 6,592 Nonaccrual 89 274 282 224 1,580 8,399 — 10,848 Total loans $ 919,315 $ 557,540 $ 195,032 $ 128,777 $ 100,422 $ 301,434 $ 175,656 $ 2,378,176 Charge-offs $ ( 335 ) $ ( 26 ) $ ( 92 ) $ ( 21 ) $ — $ — $ ( 375 ) $ ( 849 ) Recoveries 83 3 6 11 2 95 40 240 Total current period net charge-offs $ ( 252 ) $ ( 23 ) $ ( 86 ) $ ( 10 ) $ 2 $ 95 $ ( 335 ) $ ( 609 )
Summary of Payment Status of Loans	The following tables summarize the payment status of loans in the Company’s total loan portfolio, including an aging of delinquent loans and loans 90 days or more past due continuing to accrue interest as of: March 31, 2023 30 to 59 Days 60 to 89 Days 90 Days Total Current Total Recorded Commercial and industrial $ 449 $ 79 $ 208 $ 736 $ 295,200 $ 295,936 $ — Real estate: Construction and 1,347 — 2,306 3,653 368,550 372,203 — Commercial real 353 — 6,675 7,028 893,162 900,190 — Farmland 129 97 — 226 190,576 190,802 — 1-4 family residential 2,586 290 1,840 4,716 495,228 499,944 — Multi-family residential — — — — 44,760 44,760 — Consumer 697 78 81 856 59,307 60,163 — Agricultural — 40 — 40 13,505 13,545 — Overdrafts — — — — 270 270 — Total $ 5,561 $ 584 $ 11,110 $ 17,255 $ 2,360,558 $ 2,377,813 $ — December 31, 2022 30 to 59 Days 60 to 89 Days 90 Days Total Current Total Recorded Commercial and industrial $ 440 $ 44 $ 105 $ 589 $ 313,478 $ 314,067 $ — Real estate: Construction and 258 73 1,435 1,766 375,369 377,135 — Commercial real 882 354 6,708 7,944 879,643 887,587 — Farmland 129 79 — 208 185,609 185,817 — 1-4 family residential 2,101 547 572 3,220 489,841 493,061 — Multi-family residential — — — — 45,147 45,147 — Consumer 164 118 70 352 61,042 61,394 — Agricultural 37 10 — 47 13,639 13,686 — Overdrafts — — — — 282 282 — Total $ 4,011 $ 1,225 $ 8,890 $ 14,126 $ 2,364,050 $ 2,378,176 $ —
Schedule of Nonaccrual Loans	The following table presents information regarding nonaccrual loans as of: March 31, 2023 December 31, 2022 Commercial and industrial $ 608 $ 115 Real estate: Construction and development 2,496 1,435 Commercial real estate 6,956 7,271 Farmland 109 109 1-4 family residential 3,040 1,691 Consumer and overdrafts 154 170 Agricultural 42 57 Total $ 13,405 $ 10,848
Schedule of Financing Receivable, Amortized Cost Basis of Loans	The following table presents the amortized cost basis of loans made to borrowers experiencing financial difficulty that were modified during the three months ended March 31, 2023: For the Three Months Ended Term Total Class of Financing Receivable Consumer $ 49 0.1 % Total loans $ 49 0.1 %
Schedule of Financing Receivable, Financial Effect of the Loan Modifications	The following table presents the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty during the three months ended March 31, 2023: Term Extension Loan Type Financial Effect Consumer Amortization period was extended by a weighted-average period of 7.2 years.
Schedule of Financing Receivable, Age Analysis of Loans	The following table provides an age analysis of loans made to borrowers experiencing financial difficult that were modified on or after our ASU 2022-02 adoption date of January 1, 2023: Current 30 to 89 Days 90 Days Consumer 49 — — Total loans $ 49 $ — $ —

SECURITIES SOLD UNDER AGREEME_2

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER DEBT (Tables)	3 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
Schedule of Debt Maturities	Year Current Principal Due Fixed rate advances 2023 5.03 % $ 260,000 2024 4.38 % 10,000 Total fixed rate FHLB advances $ 270,000 Variable rate advances 2023 4.98 % $ 70,000 Total variable rate FHLB advances 70,000 Total FHLB advances $ 340,000

SUBORDINATED DEBT (Tables)

SUBORDINATED DEBT (Tables)	3 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
Schedule of Subordinated Debt and Other Debentures	Subordinated debt was made up of the following as of: March 31, 2023 December 31, 2022 Trust III Debentures 2,062 2,062 DCB Trust I Debentures 5,155 5,155 Subordinated note 34,469 34,436 Other debentures 7,500 7,500 $ 49,186 $ 49,153 Trust III Debentures DCB Trust I Original amount $ 2,062 $ 5,155 Maturity date October 1, 2036 June 15, 2037 Interest due Quarterly Quarterly
Schedule of Trusts	Trust III DCB Trust I Formation date July 25, 2006 March 29, 2007 Capital trust pass-through securities Number of shares 2,000 5,000 Original liquidation value $ 2,000 $ 5,000 Common securities liquidation value 62 155
Schedule of Principal Payments and Weighted Average Rates of the Subordinated Note and Other Debentures	The scheduled principal payments and weighted average rates of the Debentures, the subordinated note and other debentures are as follows: Year Current Principal Due 2023 2.85 % 3,500 2024 3.74 % 4,000 Thereafter 4.20 % 42,217 Total scheduled principal payments $ 49,717 Unamortized debt issuance costs ( 531 ) $ 49,186

EQUITY AWARDS (Tables)

EQUITY AWARDS (Tables)	3 Months Ended
	Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Stock Option Activity	A summary of stock option activity in the Plan during the three months ended March 31, 2023 and 2022 follows: Three Months Ended March 31, 2023 Number of Weighted- Weighted- Aggregate Outstanding at beginning of year 497,820 $ 28.07 5.87 $ 3,402 Granted 15,500 29.91 Exercised ( 8,800 ) 25.57 Forfeited ( 15,440 ) 30.42 Balance, March 31, 2023 489,080 $ 28.10 5.77 $ 1,037 Exercisable at end of period 281,500 $ 25.57 4.26 $ 850 Three Months Ended March 31, 2022 Number of Weighted- Weighted- Aggregate Outstanding at beginning of year 502,780 $ 25.77 5.59 $ 5,936 Granted 39,000 35.89 Forfeited ( 5,060 ) 26.92 Balance, March 31, 2022 536,720 $ 26.50 5.65 $ 4,626 Exercisable at end of period 307,086 $ 24.30 4.28 $ 3,285
Schedule of Nonvested Stock Option Activity	A summary of nonvested stock option activity in the Plan during the three months ended March 31, 2023 and 2022 follows: Three Months Ended March 31, 2023 Number of Weighted-Average Outstanding at beginning of year 216,480 $ 5.95 Granted 15,500 6.02 Vested ( 18,200 ) 5.62 Forfeited ( 6,200 ) 13.10 Balance, March 31, 2023 207,580 $ 5.99 Three Months Ended March 31, 2022 Number of Weighted-Average Outstanding at beginning of year 207,084 $ 5.23 Granted 39,000 6.03 Vested ( 14,030 ) 5.21 Forfeited ( 2,420 ) 9.13 Balance, March 31, 2022 229,634 $ 5.38
Plan Information	Information related to stock options in the Plan is as follows for the three months ended: March 31, 2023 March 31, 2022 Intrinsic value of options exercised $ 22 $ — Cash received from options exercised 225 — Weighted average fair value of options granted 6.02 6.03
Summary of Restricted Stock Awards and Units Activity	A summary of restricted stock activity in the Plan during the three months ended March 31, 2023 and 2022 follows: Three Months Ended March 31, 2023 Number of Weighted-Average Outstanding at beginning of year 18,930 $ 27.51 Granted 1,474 34.10 Vested ( 2,970 ) 27.50 Forfeited ( 880 ) 27.78 Balance, March 31, 2023 16,554 $ 29.03 Three Months Ended March 31, 2022 Number of Weighted-Average Outstanding at beginning of year 30,190 $ 27.52 Vested ( 4,070 ) 27.50 Balance, March 31, 2022 26,120 $ 27.52

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Mar. 31, 2023
Leases [Abstract]
Schedule of Summarizes Other Information Related to Operating Leases	The table below summarizes other information related to our operating leases as of: March 31, 2023 December 31, 2022 Operating leases Operating lease right-of-use assets $ 12,958 $ 12,896 Operating lease liabilities 13,592 13,520 Weighted average remaining lease term Operating leases 7 years 8 years Weighted average discount rate Operating leases 2.04 % 2.00 %
Schedule of Minimum Future Lease Payments Under Non-Cancelable Operating Leases	The Company leases some of its banking facilities under non-cancelable operating leases expiring in various years through 2027 and thereafter. Minimum future lease payments under these non-cancelable operating leases as of March 31, 2023, are as follows: Year Ended December 31, Amount 2023 $ 2,208 2024 2,134 2025 1,962 2026 1,727 2027 1,536 Thereafter 4,370 Total lease payments 13,937 Less: interest ( 345 ) Present value of lease liabilities $ 13,592

INCOME TAXES (Tables)

INCOME TAXES (Tables)	3 Months Ended
	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Schedule of Income Tax Expense and Effective Tax Rate	Income tax expense was as follows for: Three Months Ended 2023 2022 Income tax expense for the period $ 1,823 $ 2,235 Effective tax rate 18.05 % 17.23 %

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Schedule of Commitments and Letters of Credit Outstanding	Commitments and letters of credit outstanding were as follows as of: Contract or Notional Amount March 31, 2023 December 31, 2022 Commitments to extend credit $ 464,307 $ 474,745 Letters of credit 8,272 8,289

REGULATORY MATTERS (Tables)

REGULATORY MATTERS (Tables)	3 Months Ended
	Mar. 31, 2023
Banking And Thrifts [Abstract]
Comparison of the Company's and Bank's Actual Capital Amounts and Ratios to Required Capital Amounts and Ratios	A comparison of the Company’s and Bank’s actual capital amounts and ratios to required capital amounts and ratios are presented in the following tables as of: Actual Minimum Required Minimum Required To Be Well Amount Ratio Amount Ratio Amount Ratio Amount Ratio March 31, 2023 Total capital to risk-weighted assets: Consolidated $ 363,916 14.57 % $ 199,775 8.00 % $ 262,204 10.50 % $ 249,718 10.00 % Bank 370,244 14.84 % 199,659 8.00 % 262,053 10.50 % 249,574 10.00 % Tier 1 capital to risk-weighted assets: Consolidated 298,241 11.94 % 149,831 6.00 % 212,260 8.50 % 149,831 6.00 % Bank 339,038 13.58 % 149,744 6.00 % 212,138 8.50 % 199,659 8.00 % Tier 1 capital to average assets: (1) Consolidated 298,241 9.00 % 132,598 4.00 % 132,598 4.00 % n/a Bank 339,038 10.24 % 132,501 4.00 % 132,501 4.00 % 165,626 5.00 % Common equity tier 1 capital to risk-weighted assets: Consolidated 291,024 11.65 % 112,373 4.50 % 174,803 7.00 % n/a Bank 339,038 13.58 % 112,308 4.50 % 174,702 7.00 % 162,223 6.50 % (1) The Tier 1 capital ratio (to average assets) is not impacted by the Basel III Capital Rules; however, the Federal Reserve and the FDIC may require the Consolidated Company and the Bank, respectively, to maintain a Tier 1 capital ratio (to average assets) above the required minimum. Actual Minimum Required Minimum Required To Be Well Amount Ratio Amount Ratio Amount Ratio Amount Ratio December 31, 2022 Total capital to risk-weighted assets: Consolidated $ 358,702 14.37 % $ 199,687 8.00 % $ 262,089 10.50 % $ 249,608 10.00 % Bank 361,125 14.48 % 199,570 8.00 % 261,936 10.50 % 249,463 10.00 % Tier 1 capital to risk-weighted assets: Consolidated 292,966 11.74 % 149,765 6.00 % 212,167 8.50 % 149,765 6.00 % Bank 329,933 13.23 % 149,678 6.00 % 212,044 8.50 % 199,570 8.00 % Tier 1 capital to average assets: (1) Consolidated 292,966 8.77 % 133,614 4.00 % 133,614 4.00 % n/a Bank 329,933 9.89 % 133,375 4.00 % 133,375 4.00 % 166,718 5.00 % Common equity tier 1 capital to risk-weighted assets: Consolidated 285,749 11.45 % 112,324 4.50 % 174,726 7.00 % n/a Bank 329,933 13.23 % 112,258 4.50 % 174,624 7.00 % 162,151 6.50 % (1) The Tier 1 capital ratio (to average assets) is not impacted by the Basel III Capital Rules; however, the Federal Reserve and the FDIC may require the Consolidated Company and the Bank, respectively, to maintain a Tier 1 capital ratio (to average assets) above the required minimum.

FAIR VALUE (Tables)

FAIR VALUE (Tables)	3 Months Ended
	Mar. 31, 2023
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: March 31, 2023 Fair Value Quoted Significant Significant Assets at fair value on a recurring basis: Available for sale securities: Mortgage-backed securities $ 123,578 $ — $ 123,578 $ — Collateralized mortgage obligations 19,123 — 19,123 — Municipal securities 3,402 — 3,402 — Corporate bonds 27,641 — 27,641 — Loans held for sale 1,260 — — 1,260 Cash surrender value of life insurance 38,619 — 38,619 — SBA servicing assets 808 — — 808 Assets at fair value on a nonrecurring basis: Individually evaluated collateral dependent loans — — — — December 31, 2022 Fair Value Quoted Significant Significant Assets at fair value on a recurring basis: Available for sale securities: Mortgage-backed securities $ 130,341 $ — $ 130,341 $ — Collateralized mortgage obligations 20,157 — 20,157 — Municipal securities 10,642 — 10,642 — Corporate bonds 27,787 — 27,787 — Loans held for sale 3,156 — — 3,156 Cash surrender value of life insurance 38,404 — 38,404 — SBA servicing assets 874 — — 874 Assets at fair value on a nonrecurring basis: Individually evaluated collateral dependent loans — — — —
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 March 31, 2023 and December 31, 2022, are as follows: Fair value measurements as of Carrying Level 1 Level 2 Level 3 Total Financial assets: Cash, due from banks, federal funds sold and interest-bearing deposits $ 158,125 $ 158,125 $ — $ — $ 158,125 Marketable securities held to maturity 476,105 — 444,304 — 444,304 Loans, net 2,344,240 — — 2,197,175 2,197,175 Accrued interest receivable 10,443 — 10,443 — 10,443 Nonmarketable equity securities 29,211 — 29,211 — 29,211 Financial liabilities: Deposits $ 2,623,368 $ 2,150,050 $ 470,651 $ — $ 2,620,701 Securities sold under repurchase agreements 13,338 — 13,338 — 13,338 Accrued interest payable 3,863 — 3,863 — 3,863 Federal Home Loan Bank advances 340,000 — 339,952 — 339,952 Subordinated debt 49,186 — 49,601 — 49,601 Fair value measurements as of Carrying Level 1 Level 2 Level 3 Total Financial assets: Cash, due from banks, federal funds sold and interest-bearing deposits $ 106,467 $ 106,467 $ — $ — $ 106,467 Marketable securities held to maturity 509,008 — 475,068 — 475,068 Loans, net 2,344,245 — — 2,217,606 2,217,606 Accrued interest receivable 11,555 — 11,555 — 11,555 Nonmarketable equity securities 25,585 — 25,585 — 25,585 Financial liabilities: Deposits $ 2,681,154 $ 2,326,615 $ 351,981 $ — $ 2,678,596 Securities sold under repurchase agreements 7,221 — 7,221 — 7,221 Accrued interest payable 2,348 — 2,348 — 2,348 Federal Home Loan Bank advances 290,000 — 289,926 — 289,926 Subordinated debt 49,153 — 50,025 — 50,025

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Earnings Per Share	The computations of basic and diluted earnings per share for the Company were as follows for the: Three Months Ended 2023 2022 Numerator: Net earnings attributable to Guaranty Bancshares, Inc. $ 8,281 $ 10,738 Denominator: Weighted-average shares outstanding (basic) 11,939,593 12,109,074 Effect of dilutive securities: Common stock equivalent shares from stock options 72,411 151,871 Weighted-average shares outstanding (diluted) 12,012,004 12,260,945 Net earnings attributable to Guaranty Bancshares, Inc. per share Basic $ 0.69 $ 0.89 Diluted $ 0.69 $ 0.88

MARKETABLE SECURITIES - Schedul

MARKETABLE SECURITIES - Schedule of Amortized Cost and Fair Value of Securities Available for Sale and Held to Maturity Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Available for sale:
Available-for-sale debt securities, amortized cost basis	$ 193,121	$ 208,165
Gross Unrealized Gain	219	330
Gross Unrealized Loss	19,596	19,568
Estimated Fair Value	173,744	188,927
Held to maturity:
Amortized Cost	476,105	509,008
Gross Unrealized Gains	670	658
Gross Unrealized Losses	32,471	34,598
Estimated Fair Value	444,304	475,068
U.S. government agencies
Held to maturity:
Amortized Cost	9,178	9,141
Gross Unrealized Gains		0
Gross Unrealized Losses	1,166	1,259
Estimated Fair Value	8,012	7,882
Corporate bonds
Available for sale:
Available-for-sale debt securities, amortized cost basis	29,943	29,964
Gross Unrealized Gain	0	0
Gross Unrealized Loss	2,302	2,177
Estimated Fair Value	27,641	27,787
Municipal securities
Available for sale:
Available-for-sale debt securities, amortized cost basis	3,186	10,324
Gross Unrealized Gain	216	326
Gross Unrealized Loss	0	8
Estimated Fair Value	3,402	10,642
Held to maturity:
Amortized Cost	181,986	191,680
Gross Unrealized Gains	670	658
Gross Unrealized Losses	7,575	8,285
Estimated Fair Value	175,081	184,053
Mortgage-backed securities
Available for sale:
Available-for-sale debt securities, amortized cost basis	139,187	145,896
Gross Unrealized Gain	0	1
Gross Unrealized Loss	15,609	15,556
Estimated Fair Value	123,578	130,341
Held to maturity:
Amortized Cost	130,138	132,693
Gross Unrealized Gains	0	0
Gross Unrealized Losses	14,726	14,708
Estimated Fair Value	115,412	117,985
Collateralized mortgage obligations
Available for sale:
Available-for-sale debt securities, amortized cost basis	20,805	21,981
Gross Unrealized Gain	3	3
Gross Unrealized Loss	1,685	1,827
Estimated Fair Value	19,123	20,157
Held to maturity:
Amortized Cost	40,864	41,759
Gross Unrealized Losses	7,089	7,425
Estimated Fair Value	33,775	34,334
Treasury securities
Held to maturity:
Amortized Cost	113,939	133,735
Gross Unrealized Losses	1,915	2,921
Estimated Fair Value	$ 112,024	$ 130,814

MARKETABLE SECURITIES - Narrati

MARKETABLE SECURITIES - Narrative (Details)	3 Months Ended
	Mar. 31, 2023 USD ($) Position Security	Jun. 30, 2022 USD ($)	Mar. 31, 2022 USD ($)	Sep. 30, 2021 USD ($)	Dec. 31, 2022 USD ($)
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Allowance for credit losses for available for sale debt securities	$ 0				$ 0
Number of investment in an unrealized loss position | Position	278
Number of investment in an sale debt securities | Position	83
Percentage of unrealized loss exceeds book value	20%
Number of securities other than agencies amount | Security	0
Available for sale securities transferred to held to maturity, net of unrealized gain				$ 10,235,000
Available for sale securities transferred to held to maturity		$ 106,157,000		$ 172,292,000
Available for sale securities transferred to held to maturity, net of unrealized loss		$ 13,186,000
Fair value of securities pledged as collateral	$ 348,750,000				396,584,000
Accumulated other comprehensive income	6,201,000				$ 5,861,000
Proceeds from sales	7,239,000		$ 0
Gross gains	119,000		0
Gross losses	$ (26,000)		$ 0

MARKETABLE SECURITIES - Sched_2

MARKETABLE SECURITIES - Schedule of Securities with Gross Unrealized Losses (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Gross Unrealized Losses
Less Than 12 Months	$ (6,693)	$ (20,637)
12 Months or Longer	(25,778)	(13,961)
Total	(32,471)	(34,598)
Estimated Fair Value
Less Than 12 Months	252,036	348,119
12 Months or Longer	143,385	64,714
Total	395,421	412,833
Gross Unrealized Losses
Less Than 12 Months	(1,115)	(8,584)
12 Months or Longer	(18,481)	(10,984)
Total	(19,596)	(19,568)
Estimated Fair Value
Less Than 12 Months	31,751	112,703
12 Months or Longer	138,429	66,701
Total	170,180	179,404
U.S. government agencies
Gross Unrealized Losses
Less Than 12 Months	0	(1,259)
12 Months or Longer	(1,166)	0
Total	(1,166)	(1,259)
Estimated Fair Value
Less Than 12 Months	0	7,882
12 Months or Longer	8,012	0
Total	8,012	7,882
Corporate bonds
Gross Unrealized Losses
Less Than 12 Months	(550)	(1,518)
12 Months or Longer	(1,752)	(659)
Total	(2,302)	(2,177)
Estimated Fair Value
Less Than 12 Months	8,975	20,323
12 Months or Longer	18,666	7,464
Total	27,641	27,787
Mortgage-backed securities
Gross Unrealized Losses
Less Than 12 Months	(2,851)	(8,355)
12 Months or Longer	(11,875)	(6,353)
Total	(14,726)	(14,708)
Estimated Fair Value
Less Than 12 Months	47,028	80,556
12 Months or Longer	68,384	37,429
Total	115,412	117,985
Gross Unrealized Losses
Less Than 12 Months	(441)	(6,150)
12 Months or Longer	(15,168)	(9,406)
Total	(15,609)	(15,556)
Estimated Fair Value
Less Than 12 Months	17,739	74,146
12 Months or Longer	105,836	55,826
Total	123,575	129,972
Collateralized mortgage obligations
Gross Unrealized Losses
Less Than 12 Months	(384)	(1,031)
12 Months or Longer	(6,705)	(6,394)
Total	(7,089)	(7,425)
Estimated Fair Value
Less Than 12 Months	4,706	10,750
12 Months or Longer	29,069	23,584
Total	33,775	34,334
Gross Unrealized Losses
Less Than 12 Months	(124)	(908)
12 Months or Longer	(1,561)	(919)
Total	(1,685)	(1,827)
Estimated Fair Value
Less Than 12 Months	5,037	16,575
12 Months or Longer	13,927	3,411
Total	18,964	19,986
Municipal securities
Gross Unrealized Losses
Less Than 12 Months	(1,543)	(7,071)
12 Months or Longer	(6,032)	(1,214)
Total	(7,575)	(8,285)
Estimated Fair Value
Less Than 12 Months	88,278	118,117
12 Months or Longer	37,920	3,701
Total	126,198	121,818
Gross Unrealized Losses
Less Than 12 Months		(8)
12 Months or Longer		0
Total		(8)
Estimated Fair Value
Less Than 12 Months		1,659
12 Months or Longer		0
Total		1,659
US Treasury Securities [Member]
Gross Unrealized Losses
Less Than 12 Months	(1,915)	(2,921)
12 Months or Longer	0	0
Total	(1,915)	(2,921)
Estimated Fair Value
Less Than 12 Months	112,024	130,814
12 Months or Longer	0	0
Total	$ 112,024	$ 130,814

MARKETABLE SECURITIES - Investm

MARKETABLE SECURITIES - Investments Classified by Contractual Maturity Date (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Amortized Cost
Due within one year	$ 0
Due after one year through five years	11,063
Due after five years through ten years	18,880
Due after ten years	3,186
Available-for-sale debt securities, amortized cost basis	193,121	$ 208,165
Estimated Fair Value
Due within one year	0
Due after one year through five years	10,578
Due after five years through ten years	17,063
Due after ten years	3,402
Available-for-sale debt securities, estimated fair value	173,744	188,927
Held to Maturity Amortized Cost
Due within one year	74,980
Due after one year through five years	70,556
Due after five years through ten years	86,353
Due after ten years	73,214
Held to Maturity debt securities, amortized cost	476,105	509,008
Held to Maturity Estimated Fair Value
Due within one year	73,848
Due after one year through five years	69,126
Due after five years through ten years	83,208
Due after ten years	68,935
Held to maturity debt securities, estimated fair value	444,304	475,068
Mortgage-backed securities
Amortized Cost
Available-for-sale debt securities, amortized cost basis	139,187
Available-for-sale debt securities, amortized cost basis	139,187	145,896
Estimated Fair Value
Available-for-sale debt securities, estimated fair value	123,578
Available-for-sale debt securities, estimated fair value	123,578	130,341
Held to Maturity Amortized Cost
Held to Maturity debt securities, amortized cost	130,138
Held to Maturity debt securities, amortized cost	130,138	132,693
Held to Maturity Estimated Fair Value
Held to maturity debt securities, estimated fair value	115,412
Held to maturity debt securities, estimated fair value	115,412	117,985
Collateralized mortgage obligations
Amortized Cost
Available-for-sale debt securities, amortized cost basis	20,805
Available-for-sale debt securities, amortized cost basis	20,805	21,981
Estimated Fair Value
Available-for-sale debt securities, estimated fair value	19,123
Available-for-sale debt securities, estimated fair value	19,123	20,157
Held to Maturity Amortized Cost
Held to Maturity debt securities, amortized cost	40,864
Held to Maturity debt securities, amortized cost	40,864	41,759
Held to Maturity Estimated Fair Value
Held to maturity debt securities, estimated fair value	33,775
Held to maturity debt securities, estimated fair value	$ 33,775	$ 34,334

LOANS AND ALLOWANCE FOR CREDI_3

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Summary of Loan Portfolio by Type of Loan (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Loans held for investment:
Total loans	$ 2,377,813	$ 2,378,176
Deferred loan fees, net	(1,620)	(1,957)
Allowance for credit losses	(31,953)	(31,974)	$ (29,096)	$ (30,433)
Total net loans	2,344,240	2,344,245
Commercial and industrial
Loans held for investment:
Total loans	295,936	314,067
Allowance for credit losses	(4,148)	(4,382)	(3,750)	(3,600)
Construction and development
Loans held for investment:
Total loans	372,203	377,135
Allowance for credit losses	(4,864)	(4,889)	(3,898)	(4,221)
Commercial real estate
Loans held for investment:
Total loans	900,190	887,587
Allowance for credit losses	(12,690)	(12,658)	(12,197)	(13,765)
Farmland
Loans held for investment:
Total loans	190,802	185,817
Allowance for credit losses	(2,086)	(2,008)	(2,000)	(1,698)
1-4 family residential
Loans held for investment:
Total loans	499,944	493,061
Allowance for credit losses	(6,641)	(6,617)	(5,729)	(5,818)
Multi-family residential
Loans held for investment:
Total loans	44,760	45,147
Allowance for credit losses	(479)	(490)	(456)	(396)
Consumer
Loans held for investment:
Total loans	60,163	61,394
Allowance for credit losses	(898)	(778)	(907)	(762)
Agricultural
Loans held for investment:
Total loans	13,545	13,686
Allowance for credit losses	(144)	(149)	(156)	(169)
Overdrafts
Loans held for investment:
Total loans	270	282
Allowance for credit losses	$ (3)	$ (3)	$ (3)	$ (4)

LOANS AND ALLOWANCE FOR CREDI_4

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Summary of Loan Portfolio by Type of Loan (Details) (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Receivables [Abstract]
Accrued interest receivable on loans	$ 7.7	$ 7.6

LOANS AND ALLOWANCE FOR CREDI_5

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Schedule of Allowance for Credit Losses Activity (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Allowance for credit losses:
Beginning balance	$ 31,974	$ 30,433	$ 30,433
Provision for (reversal of) for credit losses	0	(1,250)	2,150
Loans charged-off	(94)	(203)	(849)
Recoveries	73	116	240
Ending balance	31,953	29,096	31,974
Commercial and industrial
Allowance for credit losses:
Beginning balance	4,382	3,600	3,600
Provision for (reversal of) for credit losses	(239)	230	902
Loans charged-off	(3)	(119)	(192)
Recoveries	8	39	72
Ending balance	4,148	3,750	4,382
Construction and development
Allowance for credit losses:
Beginning balance	4,889	4,221	4,221
Provision for (reversal of) for credit losses	(25)	(323)	668
Loans charged-off		0	0
Recoveries	0	0	0
Ending balance	4,864	3,898	4,889
Commercial real estate
Allowance for credit losses:
Beginning balance	12,658	13,765	13,765
Provision for (reversal of) for credit losses	32	(1,569)	(1,108)
Loans charged-off	0	0	0
Recoveries	0	1	1
Ending balance	12,690	12,197	12,658
Farmland
Allowance for credit losses:
Beginning balance	2,008	1,698	1,698
Provision for (reversal of) for credit losses	78	302	310
Loans charged-off		0	0
Ending balance	2,086	2,000	2,008
1-4 family residential
Allowance for credit losses:
Beginning balance	6,617	5,818	5,818
Provision for (reversal of) for credit losses	24	(119)	769
Loans charged-off		0	0
Recoveries	0	30	30
Ending balance	6,641	5,729	6,617
Multi-family residential
Allowance for credit losses:
Beginning balance	490	396	396
Provision for (reversal of) for credit losses	(11)	60	94
Loans charged-off		0	0
Ending balance	479	456	490
Consumer
Allowance for credit losses:
Beginning balance	778	762	762
Provision for (reversal of) for credit losses	82	146	283
Loans charged-off	(7)	(17)	(322)
Recoveries	45	16	55
Ending balance	898	907	778
Agricultural
Allowance for credit losses:
Beginning balance	149	169	169
Provision for (reversal of) for credit losses	(4)	(13)	(20)
Loans charged-off	(3)	0	0
Recoveries	2	0	0
Ending balance	144	156	149
Overdrafts
Allowance for credit losses:
Beginning balance	3	4	4
Provision for (reversal of) for credit losses	63	36	252
Loans charged-off	(81)	(67)	(335)
Recoveries	18	30	82
Ending balance	$ 3	$ 3	$ 3

LOANS AND ALLOWANCE FOR CREDI_6

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Narrative (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for credit losses provision	$ 0	$ (1,250,000)
Additional reverse provision		$ 1,250,000
Loans classified in doubtful or loss risk rating	$ 0		$ 0
COVID-19
Financing Receivable Allowance For Credit Losses [Line Items]
Adjustments to qualitative factors results to provision for loan and lease losses			$ 2,150,000

LOANS AND ALLOWANCE FOR CREDI_7

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Summary of Credit Exposure in Company Loan Portfolio (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2023	$ 85,211	$ 919,315
Credit Exposure 2022	907,269	557,540
Credit Exposure 2021	541,582	195,032
Credit Exposure 2020	187,799	128,777
Credit Exposure 2019	121,686	100,422
Credit Exposure Prior	378,421	301,434
Revolving Loans Amortized Cost	155,845	175,656
Total	2,377,813	2,378,176
Credit Exposure 2023.Charge - offs	(81)	(335)
Credit Exposure 2022.Charge - offs	(4)	(26)
Credit Exposure 2021.Charge - offs	(3)	(92)
Credit Exposure 2020.Charge - offs		(21)
Credit Exposure Prior.Charge - offs	(6)
Credit Exposure Revolving Loans Amortized Cost.Charge - offs		(375)
Total	(94)	(849)
Credit Exposure 2023, Recoveries	18	83
Credit Exposure 2022, Recoveries		3
Credit Exposure 2021, Recoveries	1	6
Credit Exposure 2020, Recoveries		11
Credit Exposure 2019, Recoveries		2
Credit Exposure Prior, Recoveries	10	95
Credit Exposure Revolving Loans Amortized Cost, Recoveries	44	40
Total	73	240
Credit Exposure 2023,Current period net	(63)	(252)
Credit Exposure 2022,Current period net	(4)	(23)
Credit Exposure 2021,Current period net	(2)	(86)
Credit Exposure 2020,Current period net		(10)
Credit Exposure 2019,Current period net		2
Credit Exposure Prior,Current period net	4	95
Credit Exposure Revolving Loans Amortized Cost,Current period net	44	(335)
Total	(21)	(609)
Pass
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2023	85,211	916,957
Credit Exposure 2022	904,017	557,131
Credit Exposure 2021	539,878	193,161
Credit Exposure 2020	185,723	127,738
Credit Exposure 2019	120,684	96,026
Credit Exposure Prior	358,038	285,125
Revolving Loans Amortized Cost	154,481	174,751
Total	2,348,032	2,350,889
Special Mention
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2023		919
Credit Exposure 2022	903	135
Credit Exposure 2021	54	1,343
Credit Exposure 2020	1,291	361
Credit Exposure 2019	353	2,598
Credit Exposure Prior	6,093	3,586
Revolving Loans Amortized Cost	640	905
Total	9,334	9,847
Substandard
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2023		1,350
Credit Exposure 2022	1,630	0
Credit Exposure 2021		246
Credit Exposure 2020	502	454
Credit Exposure 2019	440	218
Credit Exposure Prior	4,470	4,324
Total	7,042	6,592
Nonaccrual
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2023		89
Credit Exposure 2022	719	274
Credit Exposure 2021	1,650	282
Credit Exposure 2020	283	224
Credit Exposure 2019	209	1,580
Credit Exposure Prior	9,820	8,399
Revolving Loans Amortized Cost	724
Total	13,405	10,848
Commercial and industrial
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2023	20,706	99,836
Credit Exposure 2022	86,201	58,018
Credit Exposure 2021	53,515	19,833
Credit Exposure 2020	18,089	12,553
Credit Exposure 2019	11,588	4,364
Credit Exposure Prior	16,438	12,930
Revolving Loans Amortized Cost	89,399	106,533
Total	295,936	314,067
Credit Exposure 2021.Charge - offs		(67)
Credit Exposure Prior.Charge - offs	(3)
Credit Exposure Revolving Loans Amortized Cost.Charge - offs		(125)
Total	(3)	(192)
Credit Exposure Prior, Recoveries	4	32
Credit Exposure Revolving Loans Amortized Cost, Recoveries	4	40
Total	8	72
Credit Exposure 2021,Current period net		(67)
Credit Exposure Prior,Current period net	1	32
Credit Exposure Revolving Loans Amortized Cost,Current period net	4	(85)
Total	5	(120)
Commercial and industrial | Pass
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2023	20,706	99,750
Credit Exposure 2022	86,053	57,854
Credit Exposure 2021	53,172	19,577
Credit Exposure 2020	17,774	11,797
Credit Exposure 2019	10,891	4,172
Credit Exposure Prior	16,203	12,907
Revolving Loans Amortized Cost	88,735	105,628
Total	293,534	311,685
Commercial and industrial | Special Mention
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2022		131
Credit Exposure 2020		333
Credit Exposure 2019	287
Revolving Loans Amortized Cost	640	905
Total	927	1,369
Commercial and industrial | Substandard
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2023		14
Credit Exposure 2022	13
Credit Exposure 2021		246
Credit Exposure 2020	240	423
Credit Exposure 2019	410	192
Credit Exposure Prior	204	23
Total	867	898
Commercial and industrial | Nonaccrual
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2023		72
Credit Exposure 2022	135	33
Credit Exposure 2021	343	10
Credit Exposure 2020	75
Credit Exposure Prior	31
Revolving Loans Amortized Cost	24
Total	608	115
Construction and development
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2023	12,877	180,406
Credit Exposure 2022	178,984	138,388
Credit Exposure 2021	128,674	17,361
Credit Exposure 2020	16,879	8,697
Credit Exposure 2019	8,031	4,878
Credit Exposure Prior	15,008	10,535
Revolving Loans Amortized Cost	11,750	16,870
Total	372,203	377,135
Construction and development | Pass
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2023	12,877	179,501
Credit Exposure 2022	177,829	138,388
Credit Exposure 2021	127,875	17,361
Credit Exposure 2020	16,879	8,697
Credit Exposure 2019	8,031	3,443
Credit Exposure Prior	13,573	10,535
Revolving Loans Amortized Cost	11,750	16,870
Total	368,814	374,795
Construction and development | Special Mention
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2023		905
Credit Exposure 2022	893
Total	893	905
Construction and development | Nonaccrual
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2022	262
Credit Exposure 2021	799
Credit Exposure 2019		1,435
Credit Exposure Prior	1,435
Total	2,496	1,435
Commercial real estate
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2023	19,634	348,498
Credit Exposure 2022	357,839	147,986
Credit Exposure 2021	148,170	88,448
Credit Exposure 2020	87,108	64,084
Credit Exposure 2019	59,977	53,622
Credit Exposure Prior	211,917	172,942
Revolving Loans Amortized Cost	15,545	12,007
Total	900,190	887,587
Credit Exposure 2019, Recoveries		1
Total		1
Credit Exposure 2019,Current period net		1
Total		1
Commercial real estate | Pass
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2023	19,634	347,162
Credit Exposure 2022	356,222	147,986
Credit Exposure 2021	148,170	86,897
Credit Exposure 2020	85,555	63,988
Credit Exposure 2019	59,890	51,002
Credit Exposure Prior	194,906	158,384
Revolving Loans Amortized Cost	15,545	12,007
Total	879,922	867,426
Commercial real estate | Special Mention
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2021		1,300
Credit Exposure 2020	1,291
Credit Exposure 2019		2,594
Credit Exposure Prior	5,961	3,427
Total	7,252	7,321
Commercial real estate | Substandard
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2023		1,336
Credit Exposure 2022	1,617
Credit Exposure 2020	262
Credit Exposure 2019		26
Credit Exposure Prior	4,181	4,207
Total	6,060	5,569
Commercial real estate | Nonaccrual
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2021		251
Credit Exposure 2020		96
Credit Exposure 2019	87
Credit Exposure Prior	6,869	6,924
Total	6,956	7,271
Farmland
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2023	10,605	93,128
Credit Exposure 2022	91,287	51,912
Credit Exposure 2021	50,961	10,284
Credit Exposure 2020	9,384	6,677
Credit Exposure 2019	6,560	5,956
Credit Exposure Prior	17,363	11,912
Revolving Loans Amortized Cost	4,642	5,948
Total	190,802	185,817
Farmland | Pass
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2023	10,605	93,128
Credit Exposure 2022	91,287	51,912
Credit Exposure 2021	50,961	10,284
Credit Exposure 2020	9,384	6,646
Credit Exposure 2019	6,530	5,956
Credit Exposure Prior	17,194	11,741
Revolving Loans Amortized Cost	4,642	5,948
Total	190,603	185,615
Farmland | Substandard
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2020		31
Credit Exposure 2019	30
Credit Exposure Prior	60	62
Total	90	93
Farmland | Nonaccrual
Financing Receivable Recorded Investment [Line Items]
Credit Exposure Prior	109	109
Total	109	109
1-4 family residential
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2023	13,428	143,268
Credit Exposure 2022	144,409	129,105
Credit Exposure 2021	130,659	50,183
Credit Exposure 2020	48,354	30,184
Credit Exposure 2019	29,490	27,222
Credit Exposure Prior	112,123	91,143
Revolving Loans Amortized Cost	21,481	21,956
Total	499,944	493,061
Credit Exposure Prior, Recoveries		30
Total		30
Credit Exposure Prior,Current period net		30
Total		30
1-4 family residential | Pass
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2023	13,428	143,268
Credit Exposure 2022	144,109	128,957
Credit Exposure 2021	130,185	50,140
Credit Exposure 2020	48,171	30,068
Credit Exposure 2019	29,331	27,104
Credit Exposure Prior	110,684	89,678
Revolving Loans Amortized Cost	20,781	21,956
Total	496,689	491,171
1-4 family residential | Special Mention
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2021	45	43
Credit Exposure 2019	47
Credit Exposure Prior	123	156
Total	215	199
1-4 family residential | Nonaccrual
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2022	300	148
Credit Exposure 2021	429
Credit Exposure 2020	183	116
Credit Exposure 2019	112	118
Credit Exposure Prior	1,316	1,309
Revolving Loans Amortized Cost	700
Total	3,040	1,691
Multi-family residential
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2023		18,183
Credit Exposure 2022	18,146	18,331
Credit Exposure 2021	18,225	2,463
Credit Exposure 2020	2,438	4,216
Credit Exposure 2019	4,182	878
Credit Exposure Prior	1,678	985
Revolving Loans Amortized Cost	91	91
Total	44,760	45,147
Multi-family residential | Pass
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2023		18,183
Credit Exposure 2022	18,146	18,331
Credit Exposure 2021	18,225	2,463
Credit Exposure 2020	2,438	4,216
Credit Exposure 2019	4,182	878
Credit Exposure Prior	1,678	985
Revolving Loans Amortized Cost	91	91
Total	44,760	45,147
Consumer and Overdrafts
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2023	7,309	32,848
Credit Exposure 2022	27,900	11,886
Credit Exposure 2021	9,895	5,476
Credit Exposure 2020	4,618	1,875
Credit Exposure 2019	1,399	3,106
Credit Exposure Prior	3,111	477
Revolving Loans Amortized Cost	6,201	6,008
Total	60,433	61,676
Credit Exposure 2023.Charge - offs	(81)	(335)
Credit Exposure 2022.Charge - offs	(4)	(26)
Credit Exposure 2021.Charge - offs	(3)	(25)
Credit Exposure 2020.Charge - offs		(21)
Credit Exposure Revolving Loans Amortized Cost.Charge - offs		(250)
Total	(88)	(657)
Credit Exposure 2023, Recoveries	18	83
Credit Exposure 2022, Recoveries		3
Credit Exposure 2021, Recoveries	1	6
Credit Exposure 2020, Recoveries		11
Credit Exposure 2019, Recoveries		1
Credit Exposure Prior, Recoveries	4	33
Credit Exposure Revolving Loans Amortized Cost, Recoveries	40
Total	63	137
Credit Exposure 2023,Current period net	(63)	(252)
Credit Exposure 2022,Current period net	(4)	(23)
Credit Exposure 2021,Current period net	(2)	(19)
Credit Exposure 2020,Current period net		(10)
Credit Exposure 2019,Current period net		1
Credit Exposure Prior,Current period net	4	33
Credit Exposure Revolving Loans Amortized Cost,Current period net	40	(250)
Total	(25)	(520)
Consumer and Overdrafts | Pass
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2023	7,309	32,817
Credit Exposure 2022	27,868	11,789
Credit Exposure 2021	9,807	5,455
Credit Exposure 2020	4,593	1,835
Credit Exposure 2019	1,370	3,079
Credit Exposure Prior	3,084	473
Revolving Loans Amortized Cost	6,201	6,008
Total	60,232	61,456
Consumer and Overdrafts | Special Mention
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2023		14
Credit Exposure 2022	10	4
Credit Exposure 2021	9
Credit Exposure 2020		28
Credit Exposure 2019	19	4
Credit Exposure Prior	9
Total	47	50
Consumer and Overdrafts | Nonaccrual
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2023		17
Credit Exposure 2022	22	93
Credit Exposure 2021	79	21
Credit Exposure 2020	25	12
Credit Exposure 2019	10	23
Credit Exposure Prior	18	4
Total	154	170
Agricultural
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2023	652	3,148
Credit Exposure 2022	2,503	1,914
Credit Exposure 2021	1,483	984
Credit Exposure 2020	929	491
Credit Exposure 2019	459	396
Credit Exposure Prior	783	510
Revolving Loans Amortized Cost	6,736	6,243
Total	13,545	13,686
Credit Exposure Prior.Charge - offs	(3)
Total	(3)
Credit Exposure Prior, Recoveries	2
Total	2
Credit Exposure Prior,Current period net	(1)
Total	(1)
Agricultural | Pass
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2023	652	3,148
Credit Exposure 2022	2,503	1,914
Credit Exposure 2021	1,483	984
Credit Exposure 2020	929	491
Credit Exposure 2019	459	392
Credit Exposure Prior	716	422
Revolving Loans Amortized Cost	6,736	6,243
Total	13,478	13,594
Agricultural | Special Mention
Financing Receivable Recorded Investment [Line Items]
Credit Exposure Prior		3
Total		3
Agricultural | Substandard
Financing Receivable Recorded Investment [Line Items]
Credit Exposure Prior	25	32
Total	25	32
Agricultural | Nonaccrual
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2019		4
Credit Exposure Prior	42	53
Total	$ 42	$ 57

LOANS AND ALLOWANCE FOR CREDI_8

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Summary of Payment Status of Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans	$ 2,377,813	$ 2,378,176
Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	5,561	4,011
Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	584	1,225
Financing Receivables, Equal to or Greater than 90 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	11,110	8,890
Financial Asset, Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	17,255	14,126
Financial Asset, Not Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	2,360,558	2,364,050
Commercial Industrial and Warehouse lending
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans	295,936	314,067
Commercial Industrial and Warehouse lending | Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	449	440
Commercial Industrial and Warehouse lending | Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	79	44
Commercial Industrial and Warehouse lending | Financing Receivables, Equal to or Greater than 90 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	208	105
Commercial Industrial and Warehouse lending | Financial Asset, Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	736	589
Commercial Industrial and Warehouse lending | Financial Asset, Not Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	295,200	313,478
Commercial and industrial
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans	295,936	314,067
Construction and development
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans	372,203	377,135
Construction and development | Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	1,347	258
Construction and development | Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	0	73
Construction and development | Financing Receivables, Equal to or Greater than 90 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	2,306	1,435
Construction and development | Financial Asset, Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	3,653	1,766
Construction and development | Financial Asset, Not Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	368,550	375,369
Commercial real estate
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans	900,190	887,587
Commercial real estate | Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	353	882
Commercial real estate | Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	0	354
Commercial real estate | Financing Receivables, Equal to or Greater than 90 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	6,675	6,708
Commercial real estate | Financial Asset, Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	7,028	7,944
Commercial real estate | Financial Asset, Not Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	893,162	879,643
Farmland
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans	190,802	185,817
Farmland | Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	129	129
Farmland | Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	97	79
Farmland | Financing Receivables, Equal to or Greater than 90 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	0	0
Farmland | Financial Asset, Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	226	208
Farmland | Financial Asset, Not Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	190,576	185,609
1-4 family residential
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans	499,944	493,061
1-4 family residential | Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	2,586	2,101
1-4 family residential | Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	290	547
1-4 family residential | Financing Receivables, Equal to or Greater than 90 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	1,840	572
1-4 family residential | Financial Asset, Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	4,716	3,220
1-4 family residential | Financial Asset, Not Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	495,228	489,841
Multi-family residential
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans	44,760	45,147
Multi-family residential | Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	0	0
Multi-family residential | Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	0	0
Multi-family residential | Financing Receivables, Equal to or Greater than 90 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	0	0
Multi-family residential | Financial Asset, Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	0	0
Multi-family residential | Financial Asset, Not Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	44,760	45,147
Consumer
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans	60,163	61,394
Consumer | Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	697	164
Consumer | Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	78	118
Consumer | Financing Receivables, Equal to or Greater than 90 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	81	70
Consumer | Financial Asset, Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	856	352
Consumer | Financial Asset, Not Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	59,307	61,042
Agricultural
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans	13,545	13,686
Agricultural | Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	0	37
Agricultural | Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	40	10
Agricultural | Financing Receivables, Equal to or Greater than 90 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	0	0
Agricultural | Financial Asset, Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	40	47
Agricultural | Financial Asset, Not Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	13,505	13,639
Overdrafts
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans	270	282
Overdrafts | Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	0	0
Overdrafts | Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	0	0
Overdrafts | Financing Receivables, Equal to or Greater than 90 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	0	0
Overdrafts | Financial Asset, Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	0	0
Overdrafts | Financial Asset, Not Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	$ 270	$ 282

LOANS AND ALLOWANCE FOR CREDI_9

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Schedule of Nonaccrual Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Financing Receivable, Past Due [Line Items]
Total loans	$ 13,405	$ 10,848
Commercial and industrial
Financing Receivable, Past Due [Line Items]
Total loans	608	115
Construction and development
Financing Receivable, Past Due [Line Items]
Total loans	2,496	1,435
Commercial real estate
Financing Receivable, Past Due [Line Items]
Total loans	6,956	7,271
Farmland
Financing Receivable, Past Due [Line Items]
Total loans	109	109
1-4 family residential
Financing Receivable, Past Due [Line Items]
Total loans	3,040	1,691
Consumer and Overdrafts
Financing Receivable, Past Due [Line Items]
Total loans	154	170
Agricultural
Financing Receivable, Past Due [Line Items]
Total loans	$ 42	$ 57

LOANS AND ALLOWANCE FOR CRED_10

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Schedule of Financing Receivable, Amortized Cost Basis of Loans (Details)	3 Months Ended
	Mar. 31, 2023
Financing Receivable Recorded Investment Past Due [Line Items]
Total Class of Financing Receivable	0.10%
Term Extension	49 years
Consumer
Financing Receivable Recorded Investment Past Due [Line Items]
Total Class of Financing Receivable	0.10%
Term Extension	49 years

LOANS AND ALLOWANCE FOR CRED_11

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Schedule of Financing Receivable, Financial Effect of the Loan Modifications (Details)	3 Months Ended
	Mar. 31, 2023
Consumer
Financing Receivable Recorded Investment Past Due [Line Items]
Period for Financial Effect	Amortization period was extended by a weighted-average period of 7.2 years.

LOANS AND ALLOWANCE FOR CRED_12

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Schedule of Financing Receivable, Schedule of Financing Receivable, Age Analysis of Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Financial Asset, Not Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans	$ 2,360,558	$ 2,364,050
Financial Asset, Not Past Due [Member] | ASU 2022-02
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans	49
Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans	5,561	4,011
Financial Asset, 30 to 59 Days Past Due [Member] | ASU 2022-02
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans	0
Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans	11,110	8,890
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ASU 2022-02
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans	0
Consumer | Financial Asset, Not Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans	59,307	61,042
Consumer | Financial Asset, Not Past Due [Member] | ASU 2022-02
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans	49
Consumer | Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans	697	164
Consumer | Financial Asset, 30 to 59 Days Past Due [Member] | ASU 2022-02
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans	0
Consumer | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans	81	$ 70
Consumer | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ASU 2022-02
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans	$ 0

SECURITIES SOLD UNDER AGREEME_3

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER DEBT - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Line of Credit Facility [Line Items]
Securities sold under agreements to repurchase	$ 13,338	$ 7,221
Revolving Credit Facility
Line of Credit Facility [Line Items]
Line of credit facility, current borrowing capacity	25,000
Long-term line of credit	$ 0
Floor | Revolving Credit Facility
Line of Credit Facility [Line Items]
Spread on variable rate	3.50%
Prime Rate | Revolving Credit Facility
Line of Credit Facility [Line Items]
Spread on variable rate	8%

SECURITIES SOLD UNDER AGREEME_4

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER DEBT - Summary of Fixed-Rate Advances (Details) $ in Thousands	Mar. 31, 2023 USD ($)
Federal Home Loan Bank, Advances, Fiscal Year Maturity [Abstract]
Federal Home Loan Bank advances	$ 340,000
Fixed-rate Advances, With Monthly Interest Payments
Federal Home Loan Bank, Advances, Maturities Summary, Average Interest Rate of Amounts Due [Abstract]
2023 (percent)	5.03%
2024 (percent)	4.38%
Federal Home Loan Bank, Advances, Fiscal Year Maturity [Abstract]
2023	$ 260,000
2024	10,000
Federal Home Loan Bank advances	$ 270,000
Variable Rate Advances With Monthly Interest Payments
Federal Home Loan Bank, Advances, Maturities Summary, Average Interest Rate of Amounts Due [Abstract]
2023 (percent)	4.98%
Federal Home Loan Bank, Advances, Fiscal Year Maturity [Abstract]
2023	$ 70,000
Federal Home Loan Bank advances	$ 70,000

SUBORDINATED DEBT - Schedule of

SUBORDINATED DEBT - Schedule of Subordinated Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Subordinated debt, net	$ 49,186	$ 49,153
Trust III Debentures
Debt Instrument [Line Items]
Subordinated debt, net	2,062	2,062
DCB Trust I Debentures
Debt Instrument [Line Items]
Subordinated debt, net	5,155	5,155
Subordinated Note
Debt Instrument [Line Items]
Subordinated debt, net	34,469	34,436
Other debentures
Debt Instrument [Line Items]
Subordinated debt, net	$ 7,500	$ 7,500

SUBORDINATED DEBT - Narrative (

SUBORDINATED DEBT - Narrative (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended
	May 31, 2020	Mar. 31, 2023	Sep. 30, 2022	Mar. 04, 2022
Debt Instrument [Line Items]
Liquidation value per share		$ 1,000
Debentures mature date		30 years
Private placement				$ 35,000
Fixed Interest rate per year				3.625%
Long-term Debt		$ 49,186
Subordinated debentures | Trust III Debentures
Debt Instrument [Line Items]
Debenture issued		$ 2,062
Subordinated debentures | Trust III Debentures | Minimum
Debt Instrument [Line Items]
Notice period required for redemption of debentures		30 days
Subordinated debentures | Trust III Debentures | Maximum
Debt Instrument [Line Items]
Notice period required for redemption of debentures		60 days
Redemption price of debentures as a percentage of principal		100%
Subordinated debentures | Trust III Debentures | 3 Month LIBOR
Debt Instrument [Line Items]
Spread on variable rate		1.67%
Subordinated debentures | DCB Trust I Debentures
Debt Instrument [Line Items]
Debenture issued		$ 5,155
Subordinated debentures | DCB Trust I Debentures | Minimum
Debt Instrument [Line Items]
Notice period required for redemption of debentures		30 days
Subordinated debentures | DCB Trust I Debentures | Maximum
Debt Instrument [Line Items]
Notice period required for redemption of debentures		60 days
Redemption price of debentures as a percentage of principal		100%
Subordinated debentures | DCB Trust I Debentures | 3 Month LIBOR
Debt Instrument [Line Items]
Spread on variable rate		1.80%
Subordinated debentures | Other Debentures Issued in December 2015
Debt Instrument [Line Items]
Notice period required for redemption of debentures	30 days
Redemption price of debentures as a percentage of principal	100%
Debenture issued, par value per instrument issued	$ 500
Debt instrument maturity start date	Nov. 01, 2020
Debt instrument maturity end date	Nov. 01, 2024
Long-term Debt			$ 7,500
Subordinated debentures | Other Debentures Issued in December 2015 | Directors and Related Parties
Debt Instrument [Line Items]
Debenture issued	$ 10,000
Subordinated debentures | Other Debentures Issued in December 2015 | Minimum
Debt Instrument [Line Items]
Stated interest rate	1%
Subordinated debentures | Other Debentures Issued in December 2015 | Maximum
Debt Instrument [Line Items]
Stated interest rate	4%

SUBORDINATED DEBT - Schedule _2

SUBORDINATED DEBT - Schedule of Trusts (Details) $ in Thousands	Mar. 31, 2023 USD ($) shares
Trust III
Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items]
Common securities liquidation value	$ 62
DCB Trust I
Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items]
Common securities liquidation value	$ 155
Capital trust pass-through securities | Trust III
Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items]
Number of shares (in shares) | shares	2,000
Original liquidation value	$ 2,000
Capital trust pass-through securities | DCB Trust I
Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items]
Number of shares (in shares) | shares	5,000
Original liquidation value	$ 5,000

SUBORDINATED DEBT- Schedule of

SUBORDINATED DEBT- Schedule of Terms of Subordinated Debentures (Details) - Subordinated debentures $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($)
Trust III Debentures
Debt Instrument [Line Items]
Original amount	$ 2,062
Maturity date	Oct. 01, 2036
Interest due	Quarterly
DCB Trust I Debentures
Debt Instrument [Line Items]
Original amount	$ 5,155
Maturity date	Jun. 15, 2037
Interest due	Quarterly

SUBORDINATED DEBT- Schedule o_2

SUBORDINATED DEBT- Schedule of Principal Payments and Weighted Average Rates of Other Debentures (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($)
Long-Term Debt, Fiscal Year Maturity [Abstract]
Current Weighted Average Rate, 2023	2.85%
Current Weighted Average Rate, 2024	3.74%
Thereafter	4.20%
Total scheduled principal payments	$ 49,717
Unamortized debt issuance costs	(531)
Principal Due, 2023	3,500
Principal Due, 2024	4,000
Thereafter	42,217
Principal payments	$ 49,186

EQUITY AWARDS - Narrative (Deta

EQUITY AWARDS - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense	$ 1,610
Unrecognized compensation expense, period for recognition	3 years 3 months
Restricted Stock | Minimum | Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	5 years
2015 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares permitted for grant (in shares)	1,100,000
Grace period for vested options, forfeitures in period	90 days
2015 Equity Incentive Plan | Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Contractual term	10 years
Share-based compensation expense	$ 148	$ 156
2015 Equity Incentive Plan | Option | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	5 years
2015 Equity Incentive Plan | Option | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	10 years

EQUITY AWARDS - Schedule of Sto

EQUITY AWARDS - Schedule of Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022	Dec. 31, 2021
Number of Shares
Outstanding at beginning of year (in shares)	497,820	502,780	502,780
Granted (in shares)	15,500	39,000
Exercised (in shares)	(8,800)
Forfeited (in shares)	(15,440)	(5,060)
Balance (in shares)	489,080	536,720	497,820	502,780
Exercisable
Outstanding (in shares)	281,500	307,086
Weighted-average exercise price (in USD per share)	$ 25.57	$ 24.30
Weighted-average remaining contractual life in years	4 years 3 months 3 days	4 years 3 months 10 days
Aggregate intrinsic value	$ 850	$ 3,285
Weighted-Average Exercise Price
Outstanding at beginning of year (in USD per share)	$ 28.07	$ 25.77	$ 25.77
Granted (in USD per share)	29.91	35.89
Exercised (in USD per share)	25.57
Forfeited (in USD per share)	30.42	26.92
Balance (in USD per share)	$ 28.10	$ 26.50	$ 28.07	$ 25.77
Weighted-Average Remaining Contractual Life in Years
Outstanding	5 years 9 months 7 days	5 years 7 months 24 days	5 years 10 months 13 days	5 years 7 months 2 days
Aggregate Intrinsic Value
Outstanding	$ 3,402	$ 5,936	$ 5,936
Outstanding	$ 1,037	$ 4,626	$ 3,402	$ 5,936

EQUITY AWARDS - Schedule of Non

EQUITY AWARDS - Schedule of Nonvested Stock Option Activity (Details) - $ / shares	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Number of Shares
Outstanding at beginning of year (in shares)	216,480	207,084
Granted (in shares)	15,500	39,000
Vested (in shares)	(18,200)	(14,030)
Forfeited (in shares)	(6,200)	(2,420)
Balance (in shares)	207,580	229,634
Weighted-Average Exercise Price
Outstanding at beginning of year (in USD per share)	$ 5.95	$ 5.23
Granted (in USD per share)	6.02	6.03
Vested (in USD per share)	(5.62)	(5.21)
Forfeited (in USD per share)	(13.10)	(9.13)
Balance (in USD per share)	$ 5.99	$ 5.38

EQUITY AWARDS - Information Rel

EQUITY AWARDS - Information Related to Stock Options Plan (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Share-Based Payment Arrangement [Abstract]
Intrinsic value of options exercised	$ 22	$ 0
Cash received from options exercised	$ 225	$ 0
Weighted average fair value of options granted (in USD per share)	$ 6.02	$ 6.03

EQUITY AWARDS - Summary of Rest

EQUITY AWARDS - Summary of Restricted Stock Awards and Units Activity (Details) - Restricted Stock Awards [Member] - $ / shares	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Number of Shares
Outstanding at beginning of year (in shares)	18,930	30,190
Granted (in shares)	1,474
Vested (in shares)	(2,970)	(4,070)
Forfeited (in shares)	(880)
Balance (in shares)	16,554	26,120
Weighted-Average Grant Date Fair Value
Outstanding at beginning of year	$ 27.51	$ 27.52
Granted	34.10
Vested	(27.50)	(27.50)
Forfeited	27.78
Balance	$ 29.03	$ 27.52

EMPLOYEE BENEFITS - Narrative (

EMPLOYEE BENEFITS - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Employee stock ownership plan, maximum employer contribution as a percentage of participant's qualified compensation	5%
Employee stock ownership plan, total contributions accrued or paid	$ 493	$ 436
Employee stock ownership plan, shares held under plan (in shares)	996,529
Employee stock ownership plan, unallocated shares (in shares)	0
Cash surrender value of life insurance	$ 38,619		$ 38,404
Bonus expense	875	1,267
Accrued bonus expense	575		2,332
Executive Incentive Retirement Plan | Postretirement Life Insurance | Nonqualified Plan | Unfunded Plan
Defined Benefit Plan Disclosure [Line Items]
Cash surrender value of life insurance	38,619		38,404
Plan cost	360	$ 322
Plan obligation	$ 5,694		$ 5,388

LEASES - Additional Information

LEASES - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Operating leases, option to extend	10 years
Operating lease right-of-use assets	$ 12,958		$ 12,896
Operating lease right-of-use liabilities	13,592		$ 13,520
Occupancy Expenses
Operating leases, rental expense	$ 578	$ 549
Minimum
Operating leases, remaining lease term	1 year
Maximum
Operating leases, remaining lease term	13 years

LEASES - Schedule of Summarizes

LEASES - Schedule of Summarizes Other Information Related to Operating Leases (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Operating leases
Operating lease right-of-use assets	$ 12,958	$ 12,896
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets	Other Assets
Operating lease liabilities	$ 13,592	$ 13,520
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Liabilities	Liabilities
Weighted average remaining lease term
Operating leases	7 years	8 years
Weighted average discount rate
Operating leases	2.04%	2%

LEASES - Schedule of Minimum Fu

LEASES - Schedule of Minimum Future Lease Payments Under Non-Cancelable Operating Leases (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Leases [Abstract]
2023	$ 2,208
2024	2,134
2025	1,962
2026	1,727
2027	1,536
Thereafter	4,370
Total lease payments	13,937
Less: interest	(345)
Present value of lease liabilities	$ 13,592	$ 13,520

INCOME TAXES - Schedule of Inco

INCOME TAXES - Schedule of Income Tax Expense and Effective Tax Rate (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Income tax expense for the period	$ 1,823	$ 2,235
Effective tax rate	18.05%	17.23%

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Federal statutory tax rate	21%	21%

DERIVATIVE FINANCIAL INSTRUME_2

DERIVATIVE FINANCIAL INSTRUMENTS - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Derivative [Line Items]
Gain on swaps cancellation		$ 685
Interest expense	$ 11,982	1,570
Designated as Hedging Instrument | Cash Flow Hedging | Interest Rate Swap
Derivative [Line Items]
Interest expense		$ 63

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Narrative (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Other Commitments [Line Items]
FHLB letters of credit	$ 15,000,000
Letters of credit
Other Commitments [Line Items]
Potential guarantee obligation	0	$ 0
Loans Receivable
Other Commitments [Line Items]
Allowance for credit loss	$ 0	$ 0

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Schedule of Commitments and Letters of Credit (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Commitments to extend credit
Other Commitments [Line Items]
Off-balance sheet liability	$ 464,307	$ 474,745
Letters of credit
Other Commitments [Line Items]
Off-balance sheet liability	$ 8,272	$ 8,289

REGULATORY MATTERS - Narrative

REGULATORY MATTERS - Narrative (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Subordinated debentures | Subordinated Debentures II, Subordinated Debentures III, and DCB Debentures I
Common equity tier 1 capital to risk-weighted assets:
Debenture issued	$ 7,217	$ 7,217
Maximum
Common equity tier 1 capital to risk-weighted assets:
Capital conservation buffer percentage	2.50%

REGULATORY MATTERS - Comparison

REGULATORY MATTERS - Comparison of the Company's and Bank's Actual Capital Amounts and Ratios to Required Capital Amounts and Ratios (Details) $ in Thousands	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Total capital to risk-weighted assets:
Actual, Amount	$ 363,916	$ 358,702
Actual, Ratio	0.1457	0.1437
Minimum Required for Capital Adequacy Purposes, Amount	$ 199,775	$ 199,687
Minimum Required for Capital Adequacy Purposes, Ratio	0.0800	0.0800
Minimum Required Under Basel III (Including Buffer), Amount	$ 262,204	$ 262,089
Minimum Required Under Basel III (Including Buffer), Ratio	0.1050	0.1050
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 249,718	$ 249,608
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.1000	0.1000
Tier 1 capital to risk-weighted assets:
Actual, Amount	$ 298,241	$ 292,966
Actual, Ratio	0.1194	0.1174
Minimum Required for Capital Adequacy Purposes, Amount	$ 149,831	$ 149,765
Minimum Required for Capital Adequacy Purposes, Ratio	0.0600	0.0600
Minimum Required Under Basel III (Including Buffer), Amount	$ 212,260	$ 212,167
Minimum Required Under Basel III (Including Buffer), Ratio	0.0850	0.0850
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 149,831	$ 149,765
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.0600	0.0600
Tier 1 capital to average assets:
Actual, Amount	$ 298,241	$ 292,966
Actual, Ratio	0.0900	0.0877
Minimum Required for Capital Adequacy Purposes, Amount	$ 132,598	$ 133,614
Minimum Required for Capital Adequacy Purposes, Ratio	0.0400	0.0400
Minimum Required Under Basel III (Including Buffer), Amount	$ 132,598	$ 133,614
Minimum Required Under Basel III (Including Buffer), Ratio	0.0400	0.0400
Common equity tier 1 capital to risk-weighted assets:
Actual, Amount	$ 291,024	$ 285,749
Actual, Ratio	0.1165	0.1145
Minimum Required for Capital Adequacy Purposes, Amount	$ 112,373	$ 112,324
Minimum Required for Capital Adequacy Purposes, Ratio	4.50%	4.50%
Minimum Required Under Basel III (Including Buffer), Amount	$ 174,803	$ 174,726
Minimum Required Under Basel III (Including Buffer), Ratio	7%	7%
Bank
Total capital to risk-weighted assets:
Actual, Amount	$ 370,244	$ 361,125
Actual, Ratio	0.1484	0.1448
Minimum Required for Capital Adequacy Purposes, Amount	$ 199,659	$ 199,570
Minimum Required for Capital Adequacy Purposes, Ratio	0.0800	0.0800
Minimum Required Under Basel III (Including Buffer), Amount	$ 262,053	$ 261,936
Minimum Required Under Basel III (Including Buffer), Ratio	0.1050	0.1050
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 249,574	$ 249,463
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.1000	0.1000
Tier 1 capital to risk-weighted assets:
Actual, Amount	$ 339,038	$ 329,933
Actual, Ratio	0.1358	0.1323
Minimum Required for Capital Adequacy Purposes, Amount	$ 149,744	$ 149,678
Minimum Required for Capital Adequacy Purposes, Ratio	0.0600	0.0600
Minimum Required Under Basel III (Including Buffer), Amount	$ 212,138	$ 212,044
Minimum Required Under Basel III (Including Buffer), Ratio	0.0850	0.0850
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 199,659	$ 199,570
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.0800	0.0800
Tier 1 capital to average assets:
Actual, Amount	$ 339,038	$ 329,933
Actual, Ratio	0.1024	0.0989
Minimum Required for Capital Adequacy Purposes, Amount	$ 132,501	$ 133,375
Minimum Required for Capital Adequacy Purposes, Ratio	0.0400	0.0400
Minimum Required Under Basel III (Including Buffer), Amount	$ 132,501	$ 133,375
Minimum Required Under Basel III (Including Buffer), Ratio	0.0400	0.0400
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 165,626	$ 166,718
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.0500	0.0500
Common equity tier 1 capital to risk-weighted assets:
Actual, Amount	$ 339,038	$ 329,933
Actual, Ratio	0.1358	0.1323
Minimum Required for Capital Adequacy Purposes, Amount	$ 112,308	$ 112,258
Minimum Required for Capital Adequacy Purposes, Ratio	4.50%	4.50%
Minimum Required Under Basel III (Including Buffer), Amount	$ 174,702	$ 174,624
Minimum Required Under Basel III (Including Buffer), Ratio	7%	7%
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 162,223	$ 162,151
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	6.50%	6.50%

FAIR VALUE - Schedule of Financ

FAIR VALUE - Schedule of Financial Assets (Liabilities) Measured at Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	$ 173,744	$ 188,927
Cash surrender value of life insurance	38,619	38,404
Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually evaluated collateral dependent loans	2,197,175	2,217,606
Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	123,578	130,341
Collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	19,123	20,157
Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	3,402	10,642
Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	27,641	27,787
Assets (liabilities) at fair value on a recurring basis:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale	1,260	3,156
Cash surrender value of life insurance	38,619	38,404
SBA servicing assets	808	874
Assets (liabilities) at fair value on a recurring basis: | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	123,578	130,341
Assets (liabilities) at fair value on a recurring basis: | Collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	19,123	20,157
Assets (liabilities) at fair value on a recurring basis: | Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	3,402	10,642
Assets (liabilities) at fair value on a recurring basis: | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	27,641	27,787
Assets at fair value on a nonrecurring basis: | Fair Value | Asset Pledged As Collateral With Right Member
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually evaluated collateral dependent loans	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale	0	0
Cash surrender value of life insurance	0	0
SBA servicing assets	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually evaluated collateral dependent loans	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Assets (liabilities) at fair value on a recurring basis: | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Assets (liabilities) at fair value on a recurring basis: | Collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Assets (liabilities) at fair value on a recurring basis: | Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Assets (liabilities) at fair value on a recurring basis: | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Assets at fair value on a nonrecurring basis: | Fair Value | Asset Pledged As Collateral With Right Member
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually evaluated collateral dependent loans	0	0
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale	0	0
Cash surrender value of life insurance	38,619	38,404
SBA servicing assets	0	0
Significant Other Observable Inputs (Level 2) | Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually evaluated collateral dependent loans	0	0
Significant Other Observable Inputs (Level 2) | Assets (liabilities) at fair value on a recurring basis: | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	123,578	130,341
Significant Other Observable Inputs (Level 2) | Assets (liabilities) at fair value on a recurring basis: | Collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	19,123	20,157
Significant Other Observable Inputs (Level 2) | Assets (liabilities) at fair value on a recurring basis: | Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	3,402	10,642
Significant Other Observable Inputs (Level 2) | Assets (liabilities) at fair value on a recurring basis: | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	27,641	27,787
Significant Other Observable Inputs (Level 2) | Assets at fair value on a nonrecurring basis: | Fair Value | Asset Pledged As Collateral With Right Member
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually evaluated collateral dependent loans	0	0
Significant Other Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale	1,260	3,156
Cash surrender value of life insurance	0	0
SBA servicing assets	808	874
Significant Other Unobservable Inputs (Level 3) | Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually evaluated collateral dependent loans	2,197,175	2,217,606
Significant Other Unobservable Inputs (Level 3) | Assets (liabilities) at fair value on a recurring basis: | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Significant Other Unobservable Inputs (Level 3) | Assets (liabilities) at fair value on a recurring basis: | Collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Significant Other Unobservable Inputs (Level 3) | Assets (liabilities) at fair value on a recurring basis: | Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Significant Other Unobservable Inputs (Level 3) | Assets (liabilities) at fair value on a recurring basis: | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Significant Other Unobservable Inputs (Level 3) | Assets at fair value on a nonrecurring basis: | Fair Value | Asset Pledged As Collateral With Right Member
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually evaluated collateral dependent loans	$ 0	$ 0

FAIR VALUE - Additional Informa

FAIR VALUE - Additional Information (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreclosed assets	$ 0	$ 0
Individually evaluated collateral dependent loans	0	0
Assets at fair value on a nonrecurring basis: | Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Other real estate owned	$ 0	$ 0

FAIR VALUE - Schedule of Carryi

FAIR VALUE - Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Reported Value Measurement
Financial assets:
Cash, due from banks, federal funds sold and interest-bearing deposits	$ 158,125	$ 106,467
Marketable securities held to maturity	476,105	509,008
Loans, net	2,344,240	2,344,245
Accrued interest receivable	10,443	11,555
Nonmarketable equity securities	29,211	25,585
Financial liabilities:
Deposits	2,623,368	2,681,154
Securities sold under repurchase agreements	13,338	7,221
Accrued interest payable	3,863	2,348
Federal Home Loan Bank advances	340,000	290,000
Subordinated debt	49,186	49,153
Fair Value
Financial assets:
Cash, due from banks, federal funds sold and interest-bearing deposits	158,125	106,467
Marketable securities held to maturity	444,304	475,068
Loans, net	2,197,175	2,217,606
Accrued interest receivable	10,443	11,555
Nonmarketable equity securities	29,211	25,585
Financial liabilities:
Deposits	2,620,701	2,678,596
Securities sold under repurchase agreements	13,338	7,221
Accrued interest payable	3,863	2,348
Federal Home Loan Bank advances	339,952	289,926
Subordinated debt	49,601	50,025
Fair Value | Level 1 Inputs
Financial assets:
Cash, due from banks, federal funds sold and interest-bearing deposits	158,125	106,467
Marketable securities held to maturity	0	0
Loans, net	0	0
Accrued interest receivable	0	0
Nonmarketable equity securities	0	0
Financial liabilities:
Deposits	2,150,050	2,326,615
Securities sold under repurchase agreements	0	0
Accrued interest payable	0	0
Federal Home Loan Bank advances	0	0
Subordinated debt	0	0
Fair Value | Level 2 Inputs
Financial assets:
Cash, due from banks, federal funds sold and interest-bearing deposits	0	0
Marketable securities held to maturity	444,304	475,068
Loans, net	0	0
Accrued interest receivable	10,443	11,555
Nonmarketable equity securities	29,211	25,585
Financial liabilities:
Deposits	470,651	351,981
Securities sold under repurchase agreements	13,338	7,221
Accrued interest payable	3,863	2,348
Federal Home Loan Bank advances	339,952	289,926
Subordinated debt	49,601	50,025
Fair Value | Level 3 Inputs
Financial assets:
Cash, due from banks, federal funds sold and interest-bearing deposits	0	0
Marketable securities held to maturity	0	0
Loans, net	2,197,175	2,217,606
Accrued interest receivable	0	0
Nonmarketable equity securities	0	0
Financial liabilities:
Deposits	0	0
Securities sold under repurchase agreements	0	0
Accrued interest payable	0	0
Federal Home Loan Bank advances	0	0
Subordinated debt	$ 0	$ 0

EARNINGS PER SHARE - Narrative

EARNINGS PER SHARE - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Earnings Per Share [Abstract]
Net loss attributable to noncontrolling interest	$ (4)	$ 0

EARNINGS PER SHARE - Schedule o

EARNINGS PER SHARE - Schedule of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Numerator:
Net earnings attributable to Guaranty Bancshares, Inc.	$ 8,281	$ 10,738
Denominator:
Weighted-average shares outstanding (basic) (in shares)	11,939,593	12,109,074
Effect of dilutive securities:
Common stock equivalent shares from stock options (in shares)	72,411	151,871
Weighted-average shares outstanding (diluted) (in shares)	12,012,004	12,260,945
Net earnings attributable to Guaranty Bancshares, Inc. per share
Basic (in USD per share)	$ 0.69	$ 0.89
Diluted (in USD per share)	$ 0.69	$ 0.88