Guaranty Bancshares (GNTY) 10-Q 6 May 24 2024 Q1 Quarterly report Financial data

DOCUMENT AND ENTITY INFORMATION

DOCUMENT AND ENTITY INFORMATION - shares	3 Months Ended
	Mar. 31, 2024	May 01, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2024
Document Fiscal Year Focus	2024
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		11,517,060
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

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
ASSETS
Cash and due from banks	$ 43,872	$ 47,744
Federal funds sold	24,300	36,575
Interest-bearing deposits	4,921	5,205
Total cash and cash equivalents	73,093	89,524
Securities available for sale	228,787	196,195
Securities held to maturity	363,963	404,208
Loans held for sale	874	976
Loans, net of allowance for credit losses of $30,560 and $30,920, respectively	2,234,012	2,290,881
Accrued interest receivable	11,747	13,143
Premises and equipment, net	56,921	57,018
Other real estate owned	14,900	0
Cash surrender value of life insurance	42,119	42,348
Core deposit intangible, net	1,312	1,418
Goodwill	32,160	32,160
Other assets	67,550	56,920
Total assets	3,127,438	3,184,791
Deposits
Noninterest-bearing	828,861	852,957
Interest-bearing	1,798,983	1,780,289
Total deposits	2,627,844	2,633,246
Securities sold under agreements to repurchase	39,058	25,172
Accrued interest and other liabilities	33,807	32,242
Line of credit	0	4,500
Federal Home Loan Bank advances	75,000	140,000
Subordinated debt, net	45,819	45,785
Total liabilities	2,821,528	2,880,945
Commitments and contingencies (see Note 10)
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, 14,247,795 and 14,242,328 shares issued, and 11,534,960 and 11,540,644 shares outstanding, respectively	14,248	14,242
Additional paid-in capital	229,187	228,986
Retained earnings	160,797	156,878
Treasury stock, 2,712,835 and 2,701,684 shares, respectively, at cost	(71,819)	(71,484)
Accumulated other comprehensive loss	(27,042)	(25,322)
Equity attributable to Guaranty Bancshares, Inc.	305,371	303,300
Noncontrolling interest	539	546
Total equity	305,910	303,846
Total liabilities and equity	$ 3,127,438	$ 3,184,791

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Allowance for credit losses	$ 30,560	$ 30,920
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)	14,247,795	14,242,328
Common stock, shares outstanding (in shares)	11,534,960	11,540,644
Treasury Stock, Shares	2,712,835	2,701,684

CONSOLIDATED STATEMENTS OF EARN

CONSOLIDATED STATEMENTS OF EARNINGS (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Interest income
Loans, including fees	$ 35,491,000	$ 32,157,000
Securities
Taxable	3,219,000	2,814,000
Nontaxable	1,165,000	1,304,000
Nonmarketable equity securities	248,000	419,000
Federal funds sold and interest-bearing deposits	629,000	450,000
Total interest income	40,752,000	37,144,000
Interest expense
Deposits	14,459,000	7,655,000
FHLB advances and federal funds purchased	1,920,000	3,774,000
Subordinated debentures	517,000	540,000
Other borrowed money	269,000	13,000
Total interest expense	17,165,000	11,982,000
Net interest income	23,587,000	25,162,000
Reversal of provision for credit losses	(250,000)	0
Net interest income after reversal of provision for credit losses	23,837,000	25,162,000
Noninterest income
Service charges	1,069,000	1,077,000
Net realized gain on sales of securities available for sale	0	93,000
Net realized gain on sale of loans	272,000	314,000
Merchant and debit card fees	1,706,000	1,674,000
Other income	2,211,000	1,747,000
Total noninterest income	5,258,000	4,905,000
Noninterest expense
Employee compensation and benefits	12,437,000	12,264,000
Occupancy expenses	2,747,000	2,830,000
Other expenses	5,508,000	4,873,000
Total noninterest expense	20,692,000	19,967,000
Income before income taxes	8,403,000	10,100,000
Income tax provision	1,722,000	1,823,000
Net earnings	6,681,000	8,277,000
Net loss attributable to noncontrolling interest	7,000	4,000
Net earnings attributable to Guaranty Bancshares, Inc.	$ 6,688,000	$ 8,281,000
Basic earnings per share	$ 0.58	$ 0.69
Diluted earnings per share	$ 0.58	$ 0.69

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net earnings	$ 6,681	$ 8,277
Unrealized losses on securities:
Unrealized holding losses arising during the period, net of tax	(1,553)	(37)
Reclassification adjustment for net gains included in net earnings, net of tax	0	(73)
Change in net unrealized loss on available for sale securities transferred to held to maturity, net of tax	(167)	(340)
Unrealized losses on securities, net of tax	(1,720)	(450)
Total other comprehensive loss	(1,720)	(450)
Comprehensive income	4,961	7,827
Less comprehensive loss attributable to noncontrolling interest	7	4
Comprehensive income attributable to Guaranty Bancshares, Inc.	$ 4,968	$ 7,831

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 Loss	Noncontrolling Interest
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
Beginning Balance at Dec. 31, 2023	303,846	14,242	228,986	156,878	(71,484)	(25,322)	546
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	6,681			6,688			(7)
Other comprehensive loss	(1,720)					(1,720)
Exercise of stock options	69	3	66
Purchase of treasury stock	(335)				(335)
Restricted stock grants		3	(3)
Stock based compensation	138		138
Dividends: Common Stock	(2,769)			(2,769)
Ending Balance at Mar. 31, 2024	$ 305,910	$ 14,248	$ 229,187	$ 160,797	$ (71,819)	$ (27,042)	$ 539

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Stockholders' Equity [Abstract]
Common stock dividends (in USD per share)	$ 0.24	$ 0.23

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash flows from operating activities
Net earnings	$ 6,681,000	$ 8,277,000
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation	1,025,000	1,018,000
Amortization	177,000	194,000
Deferred taxes	0	(1,157,000)
Premium amortization, net of discount accretion	435,000	760,000
Net realized gain on sales of securities available for sale	0	(93,000)
Gain on sale of loans	(272,000)	(314,000)
Reversal of provision for credit losses	(250,000)	0
Origination of loans held for sale	(7,798,000)	(10,488,000)
Proceeds from loans held for sale	8,172,000	12,698,000
Net gain on sale of premises, equipment, other real estate owned and other assets	(11,000)	0
Stock based compensation	138,000	148,000
Net change in accrued interest receivable and other assets	(8,627,000)	(930,000)
Net change in accrued interest payable and other liabilities	1,450,000	1,599,000
Net cash provided by operating activities	1,120,000	11,712,000
Securities available for sale:
Purchases	(439,214,000)	0
Proceeds from Sales	0	7,239,000
Proceeds from maturities and principal repayments	404,493,000	7,396,000
Securities held to maturity:
Proceeds from maturities and principal repayments	39,806,000	32,305,000
Net repayments of loans	42,173,000	5,000
Purchases of premises and equipment	(997,000)	(2,184,000)
Proceeds from sale of premises, equipment, other real estate owned and other assets	124,000	0
Net cash provided by investing activities	46,385,000	44,761,000
Cash flows from financing activities
Net change in deposits	(5,402,000)	(57,786,000)
Net change in securities sold under agreements to repurchase	13,886,000	6,117,000
Proceeds from FHLB advances	590,000,000	1,585,000,000
Repayment of FHLB advances	(655,000,000)	(1,535,000,000)
Repayment of line of credit	(4,500,000)	0
Purchase of treasury stock	(335,000)	(744,000)
Exercise of stock options	69,000	225,000
Cash dividends paid	(2,654,000)	(2,627,000)
Net cash used in financing activities	(63,936,000)	(4,815,000)
Net change in cash and cash equivalents	(16,431,000)	51,658,000
Cash and cash equivalents at beginning of period	89,524,000	106,467,000
Cash and cash equivalents at end of period	73,093,000	158,125,000
Supplemental disclosures of cash flow information
Interest paid	16,849,000	10,467,000
Supplemental schedule of noncash investing and financing activities
Cash dividends accrued	2,769,000	2,744,000
Lease right of use assets obtained in exchange for lease liabilities	0	568,000
Transfer of loans to other real estate owned and repossessed assets	$ 14,946,000	$ 0

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 6,688	$ 8,281

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Mar. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2024
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, 2023, included in Guaranty’s Annual Report on Form 10-K for the year ended December 31, 2023, filed with the SEC on March 14, 2024. 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

MARKETABLE SECURITIES

MARKETABLE SECURITIES	3 Months Ended
	Mar. 31, 2024
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, 2024 and December 31, 2023 and the corresponding amounts of gross unrealized gains and losses: March 31, 2024 Amortized Gross Gross Estimated Available for sale: Corporate bonds $ 29,861 $ — $ 2,801 $ 27,060 Municipal securities 2,321 152 — 2,473 Mortgage-backed securities 199,776 601 17,237 183,140 Collateralized mortgage obligations 17,980 5 1,871 16,114 Total available for sale $ 249,938 $ 758 $ 21,909 $ 228,787 Held to maturity: U.S. government agencies $ 9,331 $ — $ 1,127 $ 8,204 Treasury securities 39,557 — 725 38,832 Municipal securities 161,031 625 6,604 155,052 Mortgage-backed securities 117,454 — 16,875 100,579 Collateralized mortgage obligations 36,590 — 7,777 28,813 Total held to maturity $ 363,963 $ 625 $ 33,108 $ 331,480 December 31, 2023 Amortized Gross Gross Estimated Available for sale: Corporate bonds $ 29,882 $ — $ 3,077 $ 26,805 Municipal securities 2,322 182 — 2,504 Mortgage-backed securities 164,419 1,014 15,621 149,812 Collateralized mortgage obligations 18,757 19 1,702 17,074 Total available for sale $ 215,380 $ 1,215 $ 20,400 $ 196,195 Held to maturity: U.S. government agencies $ 9,292 $ — $ 1,066 $ 8,226 Treasury securities 69,432 — 1,038 68,394 Municipal securities 168,175 923 6,123 162,975 Mortgage-backed securities 119,872 — 15,105 104,767 Collateralized mortgage obligations 37,437 — 7,276 30,161 Total held to maturity $ 404,208 $ 923 $ 30,608 $ 374,523 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 accumulated 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 $ 7,131 at March 31, 2024 compared to an unrealized loss of $ 6,964 at December 31, 2023. This amount will continue to be amortized and accreted out of accumulated other comprehensive loss 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, 2024 or December 31, 2023. Information pertaining to securities with gross unrealized losses as of March 31, 2024 and December 31, 2023, 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, 2024 Gross Estimated Gross Estimated Gross Estimated Available for sale: Corporate bonds $ — $ — $ ( 2,801 ) $ 27,060 $ ( 2,801 ) $ 27,060 Mortgage-backed securities ( 1,316 ) 40,846 ( 15,921 ) 97,768 ( 17,237 ) 138,614 Collateralized mortgage obligations — — ( 1,871 ) 13,084 ( 1,871 ) 13,084 Total available for sale $ ( 1,316 ) $ 40,846 $ ( 20,593 ) $ 137,912 $ ( 21,909 ) $ 178,758 Less Than 12 Months 12 Months or Longer Total December 31, 2023 Gross Estimated Gross Estimated Gross Estimated Available for sale: Corporate bonds $ — $ — $ ( 3,077 ) $ 26,805 $ ( 3,077 ) $ 26,805 Mortgage-backed securities ( 742 ) 13,308 ( 14,879 ) 101,889 ( 15,621 ) 115,197 Collateralized mortgage obligations — — ( 1,702 ) 13,976 ( 1,702 ) 13,976 Total available for sale $ ( 742 ) $ 13,308 $ ( 19,658 ) $ 142,670 $ ( 20,400 ) $ 155,978 There were 245 investments in an unrealized loss position at March 31, 2024, 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 included corporate bonds, mortgage-backed securities and collateralized mortgage obligations. 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 the 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, 2024 and December 31, 2023 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 the current expected credit losses ("CECL") methodology. As of March 31, 2024 and December 31, 2023, our held to maturity securities consisted of U.S. government agencies, municipal bonds, treasury securities, collateralized mortgage obligations 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. Mortgage-backed securities and collateralized mortgage obligations are backed by pools of mortgages that are insured or guaranteed by the Federal Home Loan Mortgage Corporation, the Federal National Mortgage Association or the government National Mortgage Association. 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, 2024 , 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 $ 318,110 and $ 317,112 at March 31, 2024 and December 31, 2023, 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 2024 2023 Proceeds from sales $ — $ 7,239 Gross gains — 119 Gross losses — ( 26 ) The contractual maturities at March 31, 2024 of available for sale and held to maturity securities at carrying value and estimated fair value are shown below. Expected maturities may differ from contractual maturities 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, 2024 Amortized Estimated Amortized Estimated Due within one year $ 7,497 $ 7,373 $ 23,695 $ 23,456 Due after one year through five years 2,039 1,851 61,338 58,931 Due after five years through ten years 22,646 20,309 86,992 84,340 Due after ten years — — 37,894 35,361 Mortgage-backed securities 199,776 183,140 117,454 100,579 Collateralized mortgage obligations 17,980 16,114 36,590 28,813 Total securities $ 249,938 $ 228,787 $ 363,963 $ 331,480

LOANS AND ALLOWANCE FOR CREDIT

LOANS AND ALLOWANCE FOR CREDIT LOSSES	3 Months Ended
	Mar. 31, 2024
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, 2024 December 31, 2023 Commercial and industrial $ 269,560 $ 287,565 Real estate: Construction and development 273,300 296,639 Commercial real estate 906,684 923,195 Farmland 180,502 186,295 1-4 family residential 523,573 514,603 Multi-family residential 44,569 44,292 Consumer 54,375 57,059 Agricultural 12,418 12,685 Overdrafts 276 243 Total loans 2,265,257 2,322,576 Net of: Deferred loan fees, net ( 685 ) ( 775 ) Allowance for credit losses ( 30,560 ) ( 30,920 ) Total net loans (1) $ 2,234,012 $ 2,290,881 (1) Excludes accrued interest receivable on loans of $ 8.9 million and $ 9.5 million as of March 31, 2024 and December 31, 2023, 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, adjusted for expected prepayments when appropriate. 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, 2024, for the year ended December 31, 2023 and for the three months ended March 31, 2023: For the Three Months Ended Commercial Construction Commercial Farmland 1-4 family Multi-family Consumer Agricultural Overdrafts Total Allowance for credit losses: Beginning balance $ 3,719 $ 3,623 $ 12,257 $ 2,231 $ 7,470 $ 521 $ 945 $ 152 $ 2 $ 30,920 Provision for (reversal of) credit losses 67 ( 363 ) 19 ( 27 ) 215 ( 4 ) ( 194 ) ( 6 ) 43 ( 250 ) Loans charged-off ( 216 ) — — — — — ( 35 ) — ( 59 ) ( 310 ) Recoveries 174 — — — — — 7 2 17 200 Ending balance $ 3,744 $ 3,260 $ 12,276 $ 2,204 $ 7,685 $ 517 $ 723 $ 148 $ 3 $ 30,560 For the Year 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 (Reversal of) provision for credit losses ( 209 ) ( 1,266 ) ( 124 ) 223 853 31 238 4 250 — Loans charged-off ( 473 ) — ( 277 ) — — — ( 139 ) ( 3 ) ( 312 ) ( 1,204 ) Recoveries 19 — — — — — 68 2 61 150 Ending balance $ 3,719 $ 3,623 $ 12,257 $ 2,231 $ 7,470 $ 521 $ 945 $ 152 $ 2 $ 30,920 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 (Reversal of) provision 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 We recorded a $ 250,000 reversal to our provision for credit losses during the first quarter of 2024. Our loan balances decreased $ 57.3 million during the quarter, while credit quality trends remained relatively stable and the qualitative factors used to account for changes in economic conditions and expected losses were adjusted in 2023. Those assumptions remain relevant in the current quarter, thus no additional qualitative factor adjustments were made in the current quarter. 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 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, 2024: March 31, 2024 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Total Commercial and industrial: Pass $ 7,894 $ 36,490 $ 65,398 $ 36,745 $ 12,123 $ 19,193 $ 88,921 $ 266,764 Special mention — — 9 88 — 82 — 179 Substandard — 490 255 33 990 566 — 2,334 Nonaccrual — 51 126 — 7 87 12 283 Total commercial and industrial loans $ 7,894 $ 37,031 $ 65,788 $ 36,866 $ 13,120 $ 19,928 $ 88,933 $ 269,560 Charge-offs $ — $ — $ — $ — $ ( 216 ) $ — $ — $ ( 216 ) Recoveries — — — — — 174 — 174 Current period net $ — $ — $ — $ — $ ( 216 ) $ 174 $ — $ ( 42 ) Construction and development: Pass $ 12,766 $ 78,785 $ 94,439 $ 55,898 $ 6,243 $ 18,042 $ 6,624 $ 272,797 Special mention — — — — — — — — Substandard — — 187 — — 67 — 254 Nonaccrual 73 132 — — — 44 — 249 Total construction and development loans $ 12,839 $ 78,917 $ 94,626 $ 55,898 $ 6,243 $ 18,153 $ 6,624 $ 273,300 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — Commercial real estate: Pass $ 10,388 $ 55,208 $ 359,523 $ 146,488 $ 79,919 $ 215,062 $ 14,692 $ 881,280 Special mention — — 12,325 — — 4,494 — 16,819 Substandard — — 1,296 7,063 — 226 — 8,585 Nonaccrual — — — — — — — — Total commercial real estate loans $ 10,388 $ 55,208 $ 373,144 $ 153,551 $ 79,919 $ 219,782 $ 14,692 $ 906,684 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — March 31, 2024 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Total Farmland: Pass $ 1,089 $ 23,045 $ 73,513 $ 45,185 $ 7,989 $ 20,445 $ 8,459 $ 179,725 Special mention — — — — — — — — Substandard — — — 48 — 76 — 124 Nonaccrual — — — 256 104 293 — 653 Total farmland loans $ 1,089 $ 23,045 $ 73,513 $ 45,489 $ 8,093 $ 20,814 $ 8,459 $ 180,502 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — 1-4 family residential: Pass $ 14,126 $ 62,059 $ 143,318 $ 117,522 $ 41,147 $ 118,567 $ 22,114 $ 518,853 Special mention — — — 72 — 19 — 91 Substandard — — — — — — — — Nonaccrual — — — 1,245 371 2,847 166 4,629 Total 1-4 family residential loans $ 14,126 $ 62,059 $ 143,318 $ 118,839 $ 41,518 $ 121,433 $ 22,280 $ 523,573 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — Multi-family residential: Pass $ — $ 1,971 $ 19,946 $ 15,047 $ 2,337 $ 5,261 $ 7 $ 44,569 Special mention — — — — — — — — Substandard — — — — — — — — Nonaccrual — — — — — — — — Total multi-family residential loans $ — $ 1,971 $ 19,946 $ 15,047 $ 2,337 $ 5,261 $ 7 $ 44,569 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — March 31, 2024 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Total Consumer and overdrafts: Pass $ 6,817 $ 21,293 $ 12,771 $ 4,987 $ 2,033 $ 2,630 $ 3,830 $ 54,361 Special mention — 27 7 — — 9 — 43 Substandard — — — — — — — — Nonaccrual — 29 80 72 23 43 — 247 Total consumer loans and overdrafts $ 6,817 $ 21,349 $ 12,858 $ 5,059 $ 2,056 $ 2,682 $ 3,830 $ 54,651 Charge-offs $ ( 59 ) $ ( 20 ) $ ( 8 ) $ — $ — $ ( 7 ) $ — $ ( 94 ) Recoveries 17 — — 2 3 2 — 24 Current period net $ ( 42 ) $ ( 20 ) $ ( 8 ) $ 2 $ 3 $ ( 5 ) $ — $ ( 70 ) Agricultural: Pass $ 689 $ 1,612 $ 1,702 $ 1,001 $ 636 $ 804 $ 5,855 $ 12,299 Special mention — — — — — — — — Substandard — — — — — 19 — 19 Nonaccrual — — — — — 100 — 100 Total agricultural loans $ 689 $ 1,612 $ 1,702 $ 1,001 $ 636 $ 923 $ 5,855 $ 12,418 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — 2 — 2 Current period net $ — $ — $ — $ — $ — $ 2 $ — $ 2 Total loans: Pass $ 53,769 $ 280,463 $ 770,610 $ 422,873 $ 152,427 $ 400,004 $ 150,502 $ 2,230,648 Special mention — 27 12,341 160 — 4,604 — 17,132 Substandard — 490 1,738 7,144 990 954 — 11,316 Nonaccrual 73 212 206 1,573 505 3,414 178 6,161 Total loans $ 53,842 $ 281,192 $ 784,895 $ 431,750 $ 153,922 $ 408,976 $ 150,680 $ 2,265,257 Charge-offs $ ( 59 ) $ ( 20 ) $ ( 8 ) $ — $ ( 216 ) $ ( 7 ) $ — $ ( 310 ) Recoveries 17 — — 2 3 178 — 200 Total current period net (charge-offs) recoveries $ ( 42 ) $ ( 20 ) $ ( 8 ) $ 2 $ ( 213 ) $ 171 $ — $ ( 110 ) The following table summarizes the credit exposure in the Company’s loan portfolio, by year of origination, as of December 31, 2023: December 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Total Commercial and industrial: Pass $ 42,646 $ 72,376 $ 38,328 $ 12,864 $ 8,249 $ 12,524 $ 96,215 $ 283,202 Special mention — 16 132 958 147 — 250 1,503 Substandard — 190 — 370 370 153 — 1,083 Nonaccrual — 129 1,528 7 — 79 34 1,777 Total commercial and industrial loans $ 42,646 $ 72,711 $ 39,988 $ 14,199 $ 8,766 $ 12,756 $ 96,499 $ 287,565 Charge-offs $ ( 79 ) $ — $ ( 25 ) $ ( 41 ) $ ( 31 ) $ ( 4 ) $ ( 293 ) $ ( 473 ) Recoveries — — — — — 4 15 19 Current period net $ ( 79 ) $ — $ ( 25 ) $ ( 41 ) $ ( 31 ) $ — $ ( 278 ) $ ( 454 ) Construction and development: Pass $ 86,641 $ 112,347 $ 62,548 $ 7,074 $ 5,915 $ 12,504 $ 9,237 $ 296,266 Special mention — — — — — — — — Substandard — 189 — — — 67 — 256 Nonaccrual — 73 — — — 44 — 117 Total construction and development loans $ 86,641 $ 112,609 $ 62,548 $ 7,074 $ 5,915 $ 12,615 $ 9,237 $ 296,639 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — Commercial real estate: Pass $ 46,655 $ 368,933 $ 149,536 $ 81,765 $ 54,100 $ 176,509 $ 15,065 $ 892,563 Special mention — 7,000 — — — 333 — 7,333 Substandard — 15,831 6,950 — 49 337 — 23,167 Nonaccrual — — — — 32 100 — 132 Total commercial real estate loans $ 46,655 $ 391,764 $ 156,486 $ 81,765 $ 54,181 $ 177,279 $ 15,065 $ 923,195 Charge-offs $ ( 190 ) $ — $ — $ — $ — $ ( 87 ) $ — $ ( 277 ) Recoveries — — — — — — — — Current period net $ ( 190 ) $ — $ — $ — $ — $ ( 87 ) $ — $ ( 277 ) December 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Total Farmland: Pass $ 25,009 $ 77,371 $ 46,817 $ 8,556 $ 5,599 $ 15,850 $ 6,849 $ 186,051 Special mention — — — — — — — — Substandard — — — — 27 53 — 80 Nonaccrual — — — — — 164 — 164 Total farmland loans $ 25,009 $ 77,371 $ 46,817 $ 8,556 $ 5,626 $ 16,067 $ 6,849 $ 186,295 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — 1-4 family residential: Pass $ 57,348 $ 143,992 $ 120,964 $ 42,535 $ 28,764 $ 95,198 $ 22,146 $ 510,947 Special mention — — — — — 863 — 863 Substandard — — — — — — — — Nonaccrual — — 1,249 53 175 1,316 — 2,793 Total 1-4 family residential loans $ 57,348 $ 143,992 $ 122,213 $ 42,588 $ 28,939 $ 97,377 $ 22,146 $ 514,603 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — Multi-family residential: Pass $ 1,984 $ 18,041 $ 16,496 $ 2,363 $ 3,862 $ 1,492 $ 54 $ 44,292 Special mention — — — — — — — — Substandard — — — — — — — — Nonaccrual — — — — — — — — Total multi-family residential loans $ 1,984 $ 18,041 $ 16,496 $ 2,363 $ 3,862 $ 1,492 $ 54 $ 44,292 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — December 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Total Consumer and overdrafts: Pass $ 26,161 $ 15,181 $ 5,840 $ 2,449 $ 589 $ 2,307 $ 4,488 $ 57,015 Special mention 6 26 5 — — — — 37 Substandard — — — — — — — — Nonaccrual 19 52 75 25 42 37 — 250 Total consumer loans and overdrafts $ 26,186 $ 15,259 $ 5,920 $ 2,474 $ 631 $ 2,344 $ 4,488 $ 57,302 Charge-offs $ ( 346 ) $ ( 38 ) $ ( 51 ) $ ( 11 ) $ ( 5 ) $ — $ — $ ( 451 ) Recoveries 61 — 4 1 — 23 40 129 Current period net $ ( 285 ) $ ( 38 ) $ ( 47 ) $ ( 10 ) $ ( 5 ) $ 23 $ 40 $ ( 322 ) Agricultural: Pass $ 1,857 $ 1,962 $ 1,078 $ 685 $ 236 $ 604 $ 5,879 $ 12,301 Special mention — — — — — — — — Substandard — — — — — 25 — 25 Nonaccrual — — 256 — 74 29 — 359 Total agricultural loans $ 1,857 $ 1,962 $ 1,334 $ 685 $ 310 $ 658 $ 5,879 $ 12,685 Charge-offs $ — $ — $ — $ — $ — $ ( 3 ) $ — $ ( 3 ) Recoveries — — — — — 2 — 2 Current period net $ — $ — $ — $ — $ — $ ( 1 ) $ — $ ( 1 ) Total loans: Pass $ 288,301 $ 810,203 $ 441,607 $ 158,291 $ 107,314 $ 316,988 $ 159,933 $ 2,282,637 Special mention 6 7,042 137 958 147 1,196 250 9,736 Substandard — 16,210 6,950 370 446 635 — 24,611 Nonaccrual 19 254 3,108 85 323 1,769 34 5,592 Total loans $ 288,326 $ 833,709 $ 451,802 $ 159,704 $ 108,230 $ 320,588 $ 160,217 $ 2,322,576 Charge-offs $ ( 615 ) $ ( 38 ) $ ( 76 ) $ ( 52 ) $ ( 36 ) $ ( 94 ) $ ( 293 ) $ ( 1,204 ) Recoveries 61 — 4 1 — 29 55 150 Total current period net charge-offs $ ( 554 ) $ ( 38 ) $ ( 72 ) $ ( 51 ) $ ( 36 ) $ ( 65 ) $ ( 238 ) $ ( 1,054 ) There were no loans classified in the “doubtful” or “loss” risk rating categories as of March 31, 2024 or December 31, 2023. There were no individually evaluated collateral-dependent loans within the ACL model as of March 31, 2024. The following table presents the amortized cost basis of individually evaluated collateral-dependent loans within the ACL model as of December 31, 2023. December 31, 2023 Real Estate Non-RE Total Allowance for Credit Losses Allocation Commercial and industrial $ — $ 217 $ 217 $ 217 Real estate: Construction and development — — — — Commercial real estate 14,527 — 14,527 — Total $ 14,527 $ 217 $ 14,744 $ 217 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, 2024 30 to 59 Days 60 to 89 Days 90 Days Total Current Total Recorded Commercial and industrial $ 643 $ 127 $ 130 $ 900 $ 268,660 $ 269,560 $ — Real estate: Construction and 94 — 176 270 273,030 273,300 — Commercial real 454 576 — 1,030 905,654 906,684 — Farmland 2,311 — 251 2,562 177,940 180,502 — 1-4 family residential 2,165 266 3,257 5,688 517,885 523,573 — Multi-family residential — — — — 44,569 44,569 — Consumer 264 59 153 476 53,899 54,375 — Agricultural 73 — 29 102 12,316 12,418 — Overdrafts — — — — 276 276 — Total $ 6,004 $ 1,028 $ 3,996 $ 11,028 $ 2,254,229 $ 2,265,257 $ — December 31, 2023 30 to 59 Days 60 to 89 Days 90 Days Total Current Total Recorded Commercial and industrial $ 621 $ 30 $ 1,656 $ 2,307 $ 285,258 $ 287,565 $ — Real estate: Construction and 315 288 117 720 295,919 296,639 — Commercial real 356 — 132 488 922,707 923,195 — Farmland 226 84 — 310 185,985 186,295 — 1-4 family residential 2,827 1,110 1,612 5,549 509,054 514,603 — Multi-family residential — — — — 44,292 44,292 — Consumer 169 77 162 408 56,651 57,059 — Agricultural 16 — — 16 12,669 12,685 — Overdrafts — — — — 243 243 — Total $ 4,530 $ 1,589 $ 3,679 $ 9,798 $ 2,312,778 $ 2,322,576 $ — The following table presents information regarding nonaccrual loans as of: March 31, 2024 December 31, 2023 Commercial and industrial $ 283 $ 1,777 Real estate: Construction and development 249 117 Commercial real estate — 132 Farmland 653 164 1-4 family residential 4,629 2,793 Consumer and overdrafts 247 250 Agricultural 100 359 Total $ 6,161 $ 5,592 There were no commitments to lend additional funds to borrowers whose loans were classified as nonaccrual. There were no nonaccrual loans for which there was no related allowance at March 31, 2024. 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. No loan modifications were made during the three months ended March 31, 2024. For the Three Months Ended Term Total Class of Financing Receivable Consumer $ 49 0.08 % Total loans $ 49 0.00 % The following tables present the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty during the three months ended March 31, 2023: 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 difficulty that have been modified during the last twelve months and continue to experience financial difficulty as of March 31, 2024: Current 30 to 89 Days 90 Days Commercial and industrial $ 792 $ — $ — 1-4 family residential 53 — — Consumer 9 — — Total loans $ 854 $ — $ — As of March 31, 2024, the Company did not have any loans made to borrowers experiencing financial difficulty that were modified during the three months ended March 31, 2024 and 2023 t hat subsequently defaulted.

SECURITIES SOLD UNDER AGREEMENT

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER DEBT	3 Months Ended
	Mar. 31, 2024
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 $ 39,058 and $ 25,172 as of March 31, 2024 and December 31, 2023, 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, 2024 and a $ 4,500 outstanding balance at December 31, 2023, bears interest at the greater of (i) the prime rate, which was 8.50 % at March 31, 2024, or (ii) the rate floor of 3.50 %, with interest payable quarterly, and matures in March 2025. 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, 2024 : Year Current Principal Due Fixed rate advances 2024 5.43 % $ 75,000 Total FHLB advances $ 75,000

SUBORDINATED DEBT

SUBORDINATED DEBT	3 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
SUBORDINATED DEBT	NOTE 5 - SUBORDINATED DEBT Subordinated debt was made up of the following as of: March 31, 2024 December 31, 2023 Trust III Debentures $ 2,062 $ 2,062 DCB Trust I Debentures 5,155 5,155 Subordinated note 34,602 34,568 Other debentures 4,000 4,000 $ 45,819 $ 45,785 As of March 31, 2024 , 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 (composed 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 Board of Governors of the Federal Reserve System (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, 2024 and December 31, 2023. 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 Secured Overnight Financing Rate ("SOFR") plus 1.93 %. 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 SOFR plus 2.06 %. 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 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 $ 4,000 remains as of March 31, 2024 . 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 2024 3.74 % $ 4,000 2025 - 2028 — — Thereafter 4.27 % 42,217 Total scheduled principal payments 46,217 Unamortized debt issuance costs ( 398 ) $ 45,819

EQUITY AWARDS

EQUITY AWARDS	3 Months Ended
	Mar. 31, 2024
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, 2024 and 2023 follows: Three Months Ended March 31, 2024 Number of Weighted- Weighted- Aggregate Outstanding at beginning of year 465,680 $ 28.12 5.46 $ 2,782 Granted 2,500 30.49 Exercised ( 3,300 ) 20.91 Forfeited ( 10,500 ) 34.84 Balance, March 31, 2024 454,380 $ 28.03 5.20 $ 1,632 Exercisable at end of period 294,880 $ 26.28 3.77 $ 1,378 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 A summary of nonvested stock option activity in the Plan during the three months ended March 31, 2024 and 2023 follows: Three Months Ended March 31, 2024 Number of Weighted-Average Outstanding at beginning of year 182,570 $ 6.10 Granted 2,500 5.28 Vested ( 17,170 ) 5.53 Forfeited ( 8,400 ) 8.95 Balance, March 31, 2024 159,500 $ 6.09 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 Information related to stock options in the Plan is as follows for the three months ended: March 31, 2024 March 31, 2023 Intrinsic value of options exercised $ 31 $ 22 Cash received from options exercised 69 225 Weighted average fair value of options granted 5.28 6.02 Restricted Stock Awards A summary of restricted stock activity in the Plan during the three months ended March 31, 2024 and 2023 follows: Three Months Ended March 31, 2024 Number of Weighted-Average Outstanding at beginning of year 15,390 $ 28.87 Granted 2,388 30.49 Vested ( 3,511 ) 5.31 Forfeited ( 221 ) 34.10 Balance, March 31, 2024 14,046 $ 29.14 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 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, 2024, there was $ 1,256 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 2.99 years. The Company granted options under the Plan during the first three months of 2024 and 2023. Expense of $ 138 and $ 148 was recorded during the three months ended March 31, 2024 and 2023 , 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, 2024
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, 2024 and 2023 totaled $ 455 and $ 493 , 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 Guaranty 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, 2024, the number of shares held by the KSOP was 1,020,417 . There were no unallocated shares to plan participants as of March 31, 2024, 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 $ 42,119 and $ 42,348 as of March 31, 2024 and December 31, 2023, respectively. Expense related to these plans totaled $ 429 and $ 360 for the three months ended March 31, 2024 and 2023 , respectively. This expense is included in employee compensation and benefits on the Company’s consolidated statements of earnings. The recorded liability totaled approximately $ 6,640 and $ 6,050 as of March 31, 2024 and December 31, 2023, 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, 2024 and 2023 totaled $ 885 and $ 875 , respectively. This expense is included in employee compensation and benefits on the consolidated statements of earnings.

LEASES

LEASES	3 Months Ended
	Mar. 31, 2024
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 11 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 composed 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, 2024, operating lease right-of-use assets were $ 11,968 and liabilities were $ 12,625 , and as of December 31, 2023, lease assets and liabilities were $ 12,485 and $ 13,128 , respectively, and were included within the accompanying consolidated balance sheets as components of other assets and accrued interest and other liabilities, respectively. Cash paid for operating leases was $ 570 and $ 563 for the three months ended March 31, 2024 and 2023, respectively. Operating lease expense for operating leases accounted for under ASC 842 for the three months ended March 31, 2024 and 2023 was approximately $ 584 and $ 578 , 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, 2024 December 31, 2023 Operating leases Operating lease right-of-use assets $ 11,968 $ 12,485 Operating lease liabilities 12,625 13,128 Weighted average remaining lease term Operating leases 7 years 7 years Weighted average discount rate Operating leases 2.28 % 2.28 % The Company leases some of its banking facilities under non-cancelable operating leases expiring in various years through 2028 and thereafter. Minimum future lease payments under these non-cancelable operating leases as of March 31, 2024, are as follows: Year Ended December 31, Amount 2024 $ 1,717 2025 2,134 2026 1,897 2027 1,735 2028 1,688 Thereafter 3,856 Total lease payments 13,027 Less: interest ( 402 ) Present value of lease liabilities $ 12,625 As of March 31, 2024, the Company had an additional operating lease that has not yet commenced with future minimum lease payments of approximately $ 1,201 . This operating lease is expected to commence in June 2024 with a lease term of 10 years .

INCOME TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2024
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 9 - INCOME TAXES Income tax expense was as follows for: Three Months Ended 2024 2023 Income tax expense for the period $ 1,722 $ 1,823 Effective tax rate 20.49 % 18.05 % The eff ective tax rates differ from the statutory federal tax rate of 21 % for the three months ended March 31, 2024 and 2023 largely due to tax exempt interest income earned on certain investment securities and loans.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 10 - 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, 2024 and December 31, 2023. 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, 2024 and December 31, 2023 , 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, 2024 December 31, 2023 Commitments to extend credit $ 310,054 $ 336,036 Letters of credit 7,153 7,536 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, 2024, the Company had letters of credit of $ 5,000 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, 2024
Banking And Thrifts [Abstract]
REGULATORY MATTERS	NOTE 11 - 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, 2024 and December 31, 2023, 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, 2024 and December 31, 2023, 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, 2024 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, 2024 and December 31, 2023. 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, 2024 Total capital to risk-weighted assets: Consolidated $ 371,036 15.58 % $ 190,577 8.00 % $ 250,132 10.50 % $ 238,221 10.00 % Bank 365,983 15.37 % 190,459 8.00 % 249,977 10.50 % 238,073 10.00 % Tier 1 capital to risk-weighted assets: Consolidated 306,647 12.87 % 142,933 6.00 % 202,488 8.50 % 142,933 6.00 % Bank 336,214 14.12 % 142,844 6.00 % 202,362 8.50 % 190,459 8.00 % Tier 1 capital to average assets: (1) Consolidated 306,647 9.66 % 126,913 4.00 % 126,913 4.00 % n/a Bank 336,214 10.63 % 126,532 4.00 % 126,532 4.00 % 158,165 5.00 % Common equity tier 1 capital to risk-weighted assets: Consolidated 299,430 12.57 % 107,200 4.50 % 166,755 7.00 % n/a Bank 336,214 14.12 % 107,133 4.50 % 166,651 7.00 % 154,748 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, 2023 Total capital to risk-weighted assets: Consolidated $ 367,526 15.22 % $ 193,232 8.00 % $ 253,617 10.50 % $ 241,540 10.00 % Bank 373,778 15.49 % 193,035 8.00 % 253,359 10.50 % 241,294 10.00 % Tier 1 capital to risk-weighted assets: Consolidated 302,757 12.53 % 144,924 6.00 % 205,309 8.50 % 144,924 6.00 % Bank 343,607 14.24 % 144,777 6.00 % 205,100 8.50 % 193,035 8.00 % Tier 1 capital to average assets: (1) Consolidated 302,757 9.47 % 127,878 4.00 % 127,878 4.00 % n/a Bank 343,607 10.78 % 127,531 4.00 % 127,531 4.00 % 159,414 5.00 % Common equity tier 1 capital to risk-weighted assets: Consolidated 295,540 12.24 % 108,693 4.50 % 169,078 7.00 % n/a Bank 343,607 14.24 % 108,582 4.50 % 168,906 7.00 % 156,841 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 Office of the Comptroller of the Currency, consist of net income less dividends declared during the period.

FAIR VALUE

FAIR VALUE	3 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
FAIR VALUE	NOTE 12 - 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, 2024 Fair Value Quoted Significant Significant Assets at fair value on a recurring basis: Available for sale securities: Mortgage-backed securities $ 183,140 $ — $ 183,140 $ — Collateralized mortgage obligations 16,114 — 16,114 — Municipal securities 2,473 — 2,473 — Corporate bonds 27,060 — 27,060 — Loans held for sale 874 — — 874 Cash surrender value of life insurance 42,119 — 42,119 — SBA servicing assets 661 — — 661 Assets at fair value on a nonrecurring basis: Other real estate owned 14,900 — — 14,900 December 31, 2023 Fair Value Quoted Significant Significant Assets at fair value on a recurring basis: Available for sale securities: Mortgage-backed securities $ 149,812 $ — $ 149,812 $ — Collateralized mortgage obligations 17,074 — 17,074 — Municipal securities 2,504 — 2,504 — Corporate bonds 26,805 — 26,805 — Loans held for sale 976 — — 976 Cash surrender value of life insurance 42,348 — 42,348 — SBA servicing assets 691 — — 691 Assets at fair value on a nonrecurring basis: Individually evaluated collateral dependent loans 14,527 — — 14,527 There were no transfers between Level 2 and Level 3 during the three months ended March 31, 2024 or during the year ended December 31, 2023. 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 (if applicable) 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, 2024 and 2023, and December 31, 2023 , there were no foreclosed assets that were remeasured and recorded at fair value. The following table presents quantitative information about nonrecurring Level 3 fair value measurements as of March 31, 2024. T here were no nonrecurring level 3 fair value measurements requiring quantitative information as of December 31, 2023. March 31, 2024 Fair Value Valuation Unobservable Input(s) Range Other real estate owned $ 14,900 Appraisal value of collateral Selling costs or other normal adjustments 16 % The following table presents information on individually evaluated collateral dependent loans included in the ACL model as of December 31, 2023. There were no individually evaluated collateral dependent loans included in the ACL model as of March 31, 2024. Fair Value Measurements Using December 31, 2023 Level 1 Level 2 Level 3 Total Fair Value Real estate: Commercial real estate $ — $ — $ 14,527 $ 14,527 Total $ — $ — $ 14,527 $ 14,527 The carrying amounts and estimated fair values of financial instruments not previously discussed in this note, as of March 31, 2024 and December 31, 2023, 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 $ 73,093 $ 73,093 $ — $ — $ 73,093 Marketable securities held to maturity 363,963 — 331,480 — 331,480 Loans, net 2,234,012 — — 2,148,577 2,148,577 Accrued interest receivable 11,747 — 11,747 — 11,747 Nonmarketable equity securities 20,870 — 20,870 — 20,870 Financial liabilities: Deposits $ 2,627,844 $ 1,931,728 $ 697,604 $ — $ 2,629,332 Securities sold under repurchase agreements 39,058 — 39,058 — 39,058 Accrued interest payable 5,588 — 5,588 — 5,588 Federal Home Loan Bank advances 75,000 — 74,981 — 74,981 Subordinated debt 45,819 — 46,304 — 46,304 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 $ 89,524 $ 89,524 $ — $ — $ 89,524 Marketable securities held to maturity 404,208 — 374,523 — 374,523 Loans, net 2,290,881 — — 2,187,669 2,187,669 Accrued interest receivable 13,143 — 13,143 — 13,143 Nonmarketable equity securities 24,128 — 24,128 — 24,128 Financial liabilities: Deposits $ 2,633,246 $ 1,928,063 $ 706,074 $ — $ 2,634,137 Securities sold under repurchase agreements 25,172 — 25,172 — 25,172 Accrued interest payable 5,272 — 5,272 — 5,272 Federal Home Loan Bank advances 140,000 — 139,963 — 139,963 Subordinated debt 45,785 — 46,433 — 46,433 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, 2024
Earnings Per Share [Abstract]
EARNINGS PER SHARE	NOTE 13 - 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, 2024 and 2023 were $ 7 and $ 4 , respectively, and are excluded from this calculation. 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 2024 2023 Numerator: Net earnings attributable to Guaranty Bancshares, Inc. $ 6,688 $ 8,281 Denominator: Weighted-average shares outstanding (basic) 11,539,167 11,939,593 Effect of dilutive securities: Common stock equivalent shares from stock options 59,072 72,411 Weighted-average shares outstanding (diluted) 11,598,239 12,012,004 Net earnings attributable to Guaranty Bancshares, Inc. per share Basic $ 0.58 $ 0.69 Diluted $ 0.58 $ 0.69

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2024
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.
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.
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, 2023, included in Guaranty’s Annual Report on Form 10-K for the year ended December 31, 2023, filed with the SEC on March 14, 2024. 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 .

MARKETABLE SECURITIES (Tables)

MARKETABLE SECURITIES (Tables)	3 Months Ended
	Mar. 31, 2024
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, 2024 and December 31, 2023 and the corresponding amounts of gross unrealized gains and losses: March 31, 2024 Amortized Gross Gross Estimated Available for sale: Corporate bonds $ 29,861 $ — $ 2,801 $ 27,060 Municipal securities 2,321 152 — 2,473 Mortgage-backed securities 199,776 601 17,237 183,140 Collateralized mortgage obligations 17,980 5 1,871 16,114 Total available for sale $ 249,938 $ 758 $ 21,909 $ 228,787 Held to maturity: U.S. government agencies $ 9,331 $ — $ 1,127 $ 8,204 Treasury securities 39,557 — 725 38,832 Municipal securities 161,031 625 6,604 155,052 Mortgage-backed securities 117,454 — 16,875 100,579 Collateralized mortgage obligations 36,590 — 7,777 28,813 Total held to maturity $ 363,963 $ 625 $ 33,108 $ 331,480 December 31, 2023 Amortized Gross Gross Estimated Available for sale: Corporate bonds $ 29,882 $ — $ 3,077 $ 26,805 Municipal securities 2,322 182 — 2,504 Mortgage-backed securities 164,419 1,014 15,621 149,812 Collateralized mortgage obligations 18,757 19 1,702 17,074 Total available for sale $ 215,380 $ 1,215 $ 20,400 $ 196,195 Held to maturity: U.S. government agencies $ 9,292 $ — $ 1,066 $ 8,226 Treasury securities 69,432 — 1,038 68,394 Municipal securities 168,175 923 6,123 162,975 Mortgage-backed securities 119,872 — 15,105 104,767 Collateralized mortgage obligations 37,437 — 7,276 30,161 Total held to maturity $ 404,208 $ 923 $ 30,608 $ 374,523
Schedule of Securities with Gross Unrealized Losses	Information pertaining to securities with gross unrealized losses as of March 31, 2024 and December 31, 2023, 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, 2024 Gross Estimated Gross Estimated Gross Estimated Available for sale: Corporate bonds $ — $ — $ ( 2,801 ) $ 27,060 $ ( 2,801 ) $ 27,060 Mortgage-backed securities ( 1,316 ) 40,846 ( 15,921 ) 97,768 ( 17,237 ) 138,614 Collateralized mortgage obligations — — ( 1,871 ) 13,084 ( 1,871 ) 13,084 Total available for sale $ ( 1,316 ) $ 40,846 $ ( 20,593 ) $ 137,912 $ ( 21,909 ) $ 178,758 Less Than 12 Months 12 Months or Longer Total December 31, 2023 Gross Estimated Gross Estimated Gross Estimated Available for sale: Corporate bonds $ — $ — $ ( 3,077 ) $ 26,805 $ ( 3,077 ) $ 26,805 Mortgage-backed securities ( 742 ) 13,308 ( 14,879 ) 101,889 ( 15,621 ) 115,197 Collateralized mortgage obligations — — ( 1,702 ) 13,976 ( 1,702 ) 13,976 Total available for sale $ ( 742 ) $ 13,308 $ ( 19,658 ) $ 142,670 $ ( 20,400 ) $ 155,978
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 2024 2023 Proceeds from sales $ — $ 7,239 Gross gains — 119 Gross losses — ( 26 )
Investments Classified by Contractual Maturity Date	The contractual maturities at March 31, 2024 of available for sale and held to maturity securities at carrying value and estimated fair value are shown below. Expected maturities may differ from contractual maturities 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, 2024 Amortized Estimated Amortized Estimated Due within one year $ 7,497 $ 7,373 $ 23,695 $ 23,456 Due after one year through five years 2,039 1,851 61,338 58,931 Due after five years through ten years 22,646 20,309 86,992 84,340 Due after ten years — — 37,894 35,361 Mortgage-backed securities 199,776 183,140 117,454 100,579 Collateralized mortgage obligations 17,980 16,114 36,590 28,813 Total securities $ 249,938 $ 228,787 $ 363,963 $ 331,480

LOANS AND ALLOWANCE FOR CREDI_2

LOANS AND ALLOWANCE FOR CREDIT LOSSES (Tables)	3 Months Ended
	Mar. 31, 2024
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, 2024 December 31, 2023 Commercial and industrial $ 269,560 $ 287,565 Real estate: Construction and development 273,300 296,639 Commercial real estate 906,684 923,195 Farmland 180,502 186,295 1-4 family residential 523,573 514,603 Multi-family residential 44,569 44,292 Consumer 54,375 57,059 Agricultural 12,418 12,685 Overdrafts 276 243 Total loans 2,265,257 2,322,576 Net of: Deferred loan fees, net ( 685 ) ( 775 ) Allowance for credit losses ( 30,560 ) ( 30,920 ) Total net loans (1) $ 2,234,012 $ 2,290,881 (1) Excludes accrued interest receivable on loans of $ 8.9 million and $ 9.5 million as of March 31, 2024 and December 31, 2023, 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, 2024, for the year ended December 31, 2023 and for the three months ended March 31, 2023: For the Three Months Ended Commercial Construction Commercial Farmland 1-4 family Multi-family Consumer Agricultural Overdrafts Total Allowance for credit losses: Beginning balance $ 3,719 $ 3,623 $ 12,257 $ 2,231 $ 7,470 $ 521 $ 945 $ 152 $ 2 $ 30,920 Provision for (reversal of) credit losses 67 ( 363 ) 19 ( 27 ) 215 ( 4 ) ( 194 ) ( 6 ) 43 ( 250 ) Loans charged-off ( 216 ) — — — — — ( 35 ) — ( 59 ) ( 310 ) Recoveries 174 — — — — — 7 2 17 200 Ending balance $ 3,744 $ 3,260 $ 12,276 $ 2,204 $ 7,685 $ 517 $ 723 $ 148 $ 3 $ 30,560 For the Year 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 (Reversal of) provision for credit losses ( 209 ) ( 1,266 ) ( 124 ) 223 853 31 238 4 250 — Loans charged-off ( 473 ) — ( 277 ) — — — ( 139 ) ( 3 ) ( 312 ) ( 1,204 ) Recoveries 19 — — — — — 68 2 61 150 Ending balance $ 3,719 $ 3,623 $ 12,257 $ 2,231 $ 7,470 $ 521 $ 945 $ 152 $ 2 $ 30,920 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 (Reversal of) provision 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
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, 2024: March 31, 2024 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Total Commercial and industrial: Pass $ 7,894 $ 36,490 $ 65,398 $ 36,745 $ 12,123 $ 19,193 $ 88,921 $ 266,764 Special mention — — 9 88 — 82 — 179 Substandard — 490 255 33 990 566 — 2,334 Nonaccrual — 51 126 — 7 87 12 283 Total commercial and industrial loans $ 7,894 $ 37,031 $ 65,788 $ 36,866 $ 13,120 $ 19,928 $ 88,933 $ 269,560 Charge-offs $ — $ — $ — $ — $ ( 216 ) $ — $ — $ ( 216 ) Recoveries — — — — — 174 — 174 Current period net $ — $ — $ — $ — $ ( 216 ) $ 174 $ — $ ( 42 ) Construction and development: Pass $ 12,766 $ 78,785 $ 94,439 $ 55,898 $ 6,243 $ 18,042 $ 6,624 $ 272,797 Special mention — — — — — — — — Substandard — — 187 — — 67 — 254 Nonaccrual 73 132 — — — 44 — 249 Total construction and development loans $ 12,839 $ 78,917 $ 94,626 $ 55,898 $ 6,243 $ 18,153 $ 6,624 $ 273,300 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — Commercial real estate: Pass $ 10,388 $ 55,208 $ 359,523 $ 146,488 $ 79,919 $ 215,062 $ 14,692 $ 881,280 Special mention — — 12,325 — — 4,494 — 16,819 Substandard — — 1,296 7,063 — 226 — 8,585 Nonaccrual — — — — — — — — Total commercial real estate loans $ 10,388 $ 55,208 $ 373,144 $ 153,551 $ 79,919 $ 219,782 $ 14,692 $ 906,684 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — March 31, 2024 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Total Farmland: Pass $ 1,089 $ 23,045 $ 73,513 $ 45,185 $ 7,989 $ 20,445 $ 8,459 $ 179,725 Special mention — — — — — — — — Substandard — — — 48 — 76 — 124 Nonaccrual — — — 256 104 293 — 653 Total farmland loans $ 1,089 $ 23,045 $ 73,513 $ 45,489 $ 8,093 $ 20,814 $ 8,459 $ 180,502 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — 1-4 family residential: Pass $ 14,126 $ 62,059 $ 143,318 $ 117,522 $ 41,147 $ 118,567 $ 22,114 $ 518,853 Special mention — — — 72 — 19 — 91 Substandard — — — — — — — — Nonaccrual — — — 1,245 371 2,847 166 4,629 Total 1-4 family residential loans $ 14,126 $ 62,059 $ 143,318 $ 118,839 $ 41,518 $ 121,433 $ 22,280 $ 523,573 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — Multi-family residential: Pass $ — $ 1,971 $ 19,946 $ 15,047 $ 2,337 $ 5,261 $ 7 $ 44,569 Special mention — — — — — — — — Substandard — — — — — — — — Nonaccrual — — — — — — — — Total multi-family residential loans $ — $ 1,971 $ 19,946 $ 15,047 $ 2,337 $ 5,261 $ 7 $ 44,569 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — March 31, 2024 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Total Consumer and overdrafts: Pass $ 6,817 $ 21,293 $ 12,771 $ 4,987 $ 2,033 $ 2,630 $ 3,830 $ 54,361 Special mention — 27 7 — — 9 — 43 Substandard — — — — — — — — Nonaccrual — 29 80 72 23 43 — 247 Total consumer loans and overdrafts $ 6,817 $ 21,349 $ 12,858 $ 5,059 $ 2,056 $ 2,682 $ 3,830 $ 54,651 Charge-offs $ ( 59 ) $ ( 20 ) $ ( 8 ) $ — $ — $ ( 7 ) $ — $ ( 94 ) Recoveries 17 — — 2 3 2 — 24 Current period net $ ( 42 ) $ ( 20 ) $ ( 8 ) $ 2 $ 3 $ ( 5 ) $ — $ ( 70 ) Agricultural: Pass $ 689 $ 1,612 $ 1,702 $ 1,001 $ 636 $ 804 $ 5,855 $ 12,299 Special mention — — — — — — — — Substandard — — — — — 19 — 19 Nonaccrual — — — — — 100 — 100 Total agricultural loans $ 689 $ 1,612 $ 1,702 $ 1,001 $ 636 $ 923 $ 5,855 $ 12,418 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — 2 — 2 Current period net $ — $ — $ — $ — $ — $ 2 $ — $ 2 Total loans: Pass $ 53,769 $ 280,463 $ 770,610 $ 422,873 $ 152,427 $ 400,004 $ 150,502 $ 2,230,648 Special mention — 27 12,341 160 — 4,604 — 17,132 Substandard — 490 1,738 7,144 990 954 — 11,316 Nonaccrual 73 212 206 1,573 505 3,414 178 6,161 Total loans $ 53,842 $ 281,192 $ 784,895 $ 431,750 $ 153,922 $ 408,976 $ 150,680 $ 2,265,257 Charge-offs $ ( 59 ) $ ( 20 ) $ ( 8 ) $ — $ ( 216 ) $ ( 7 ) $ — $ ( 310 ) Recoveries 17 — — 2 3 178 — 200 Total current period net (charge-offs) recoveries $ ( 42 ) $ ( 20 ) $ ( 8 ) $ 2 $ ( 213 ) $ 171 $ — $ ( 110 ) The following table summarizes the credit exposure in the Company’s loan portfolio, by year of origination, as of December 31, 2023: December 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Total Commercial and industrial: Pass $ 42,646 $ 72,376 $ 38,328 $ 12,864 $ 8,249 $ 12,524 $ 96,215 $ 283,202 Special mention — 16 132 958 147 — 250 1,503 Substandard — 190 — 370 370 153 — 1,083 Nonaccrual — 129 1,528 7 — 79 34 1,777 Total commercial and industrial loans $ 42,646 $ 72,711 $ 39,988 $ 14,199 $ 8,766 $ 12,756 $ 96,499 $ 287,565 Charge-offs $ ( 79 ) $ — $ ( 25 ) $ ( 41 ) $ ( 31 ) $ ( 4 ) $ ( 293 ) $ ( 473 ) Recoveries — — — — — 4 15 19 Current period net $ ( 79 ) $ — $ ( 25 ) $ ( 41 ) $ ( 31 ) $ — $ ( 278 ) $ ( 454 ) Construction and development: Pass $ 86,641 $ 112,347 $ 62,548 $ 7,074 $ 5,915 $ 12,504 $ 9,237 $ 296,266 Special mention — — — — — — — — Substandard — 189 — — — 67 — 256 Nonaccrual — 73 — — — 44 — 117 Total construction and development loans $ 86,641 $ 112,609 $ 62,548 $ 7,074 $ 5,915 $ 12,615 $ 9,237 $ 296,639 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — Commercial real estate: Pass $ 46,655 $ 368,933 $ 149,536 $ 81,765 $ 54,100 $ 176,509 $ 15,065 $ 892,563 Special mention — 7,000 — — — 333 — 7,333 Substandard — 15,831 6,950 — 49 337 — 23,167 Nonaccrual — — — — 32 100 — 132 Total commercial real estate loans $ 46,655 $ 391,764 $ 156,486 $ 81,765 $ 54,181 $ 177,279 $ 15,065 $ 923,195 Charge-offs $ ( 190 ) $ — $ — $ — $ — $ ( 87 ) $ — $ ( 277 ) Recoveries — — — — — — — — Current period net $ ( 190 ) $ — $ — $ — $ — $ ( 87 ) $ — $ ( 277 ) December 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Total Farmland: Pass $ 25,009 $ 77,371 $ 46,817 $ 8,556 $ 5,599 $ 15,850 $ 6,849 $ 186,051 Special mention — — — — — — — — Substandard — — — — 27 53 — 80 Nonaccrual — — — — — 164 — 164 Total farmland loans $ 25,009 $ 77,371 $ 46,817 $ 8,556 $ 5,626 $ 16,067 $ 6,849 $ 186,295 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — 1-4 family residential: Pass $ 57,348 $ 143,992 $ 120,964 $ 42,535 $ 28,764 $ 95,198 $ 22,146 $ 510,947 Special mention — — — — — 863 — 863 Substandard — — — — — — — — Nonaccrual — — 1,249 53 175 1,316 — 2,793 Total 1-4 family residential loans $ 57,348 $ 143,992 $ 122,213 $ 42,588 $ 28,939 $ 97,377 $ 22,146 $ 514,603 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — Multi-family residential: Pass $ 1,984 $ 18,041 $ 16,496 $ 2,363 $ 3,862 $ 1,492 $ 54 $ 44,292 Special mention — — — — — — — — Substandard — — — — — — — — Nonaccrual — — — — — — — — Total multi-family residential loans $ 1,984 $ 18,041 $ 16,496 $ 2,363 $ 3,862 $ 1,492 $ 54 $ 44,292 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — December 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Total Consumer and overdrafts: Pass $ 26,161 $ 15,181 $ 5,840 $ 2,449 $ 589 $ 2,307 $ 4,488 $ 57,015 Special mention 6 26 5 — — — — 37 Substandard — — — — — — — — Nonaccrual 19 52 75 25 42 37 — 250 Total consumer loans and overdrafts $ 26,186 $ 15,259 $ 5,920 $ 2,474 $ 631 $ 2,344 $ 4,488 $ 57,302 Charge-offs $ ( 346 ) $ ( 38 ) $ ( 51 ) $ ( 11 ) $ ( 5 ) $ — $ — $ ( 451 ) Recoveries 61 — 4 1 — 23 40 129 Current period net $ ( 285 ) $ ( 38 ) $ ( 47 ) $ ( 10 ) $ ( 5 ) $ 23 $ 40 $ ( 322 ) Agricultural: Pass $ 1,857 $ 1,962 $ 1,078 $ 685 $ 236 $ 604 $ 5,879 $ 12,301 Special mention — — — — — — — — Substandard — — — — — 25 — 25 Nonaccrual — — 256 — 74 29 — 359 Total agricultural loans $ 1,857 $ 1,962 $ 1,334 $ 685 $ 310 $ 658 $ 5,879 $ 12,685 Charge-offs $ — $ — $ — $ — $ — $ ( 3 ) $ — $ ( 3 ) Recoveries — — — — — 2 — 2 Current period net $ — $ — $ — $ — $ — $ ( 1 ) $ — $ ( 1 ) Total loans: Pass $ 288,301 $ 810,203 $ 441,607 $ 158,291 $ 107,314 $ 316,988 $ 159,933 $ 2,282,637 Special mention 6 7,042 137 958 147 1,196 250 9,736 Substandard — 16,210 6,950 370 446 635 — 24,611 Nonaccrual 19 254 3,108 85 323 1,769 34 5,592 Total loans $ 288,326 $ 833,709 $ 451,802 $ 159,704 $ 108,230 $ 320,588 $ 160,217 $ 2,322,576 Charge-offs $ ( 615 ) $ ( 38 ) $ ( 76 ) $ ( 52 ) $ ( 36 ) $ ( 94 ) $ ( 293 ) $ ( 1,204 ) Recoveries 61 — 4 1 — 29 55 150 Total current period net charge-offs $ ( 554 ) $ ( 38 ) $ ( 72 ) $ ( 51 ) $ ( 36 ) $ ( 65 ) $ ( 238 ) $ ( 1,054 )
Summary of Amortized Cost Basis of Collateral-dependent Loans	The following table presents the amortized cost basis of individually evaluated collateral-dependent loans within the ACL model as of December 31, 2023. December 31, 2023 Real Estate Non-RE Total Allowance for Credit Losses Allocation Commercial and industrial $ — $ 217 $ 217 $ 217 Real estate: Construction and development — — — — Commercial real estate 14,527 — 14,527 — Total $ 14,527 $ 217 $ 14,744 $ 217
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, 2024 30 to 59 Days 60 to 89 Days 90 Days Total Current Total Recorded Commercial and industrial $ 643 $ 127 $ 130 $ 900 $ 268,660 $ 269,560 $ — Real estate: Construction and 94 — 176 270 273,030 273,300 — Commercial real 454 576 — 1,030 905,654 906,684 — Farmland 2,311 — 251 2,562 177,940 180,502 — 1-4 family residential 2,165 266 3,257 5,688 517,885 523,573 — Multi-family residential — — — — 44,569 44,569 — Consumer 264 59 153 476 53,899 54,375 — Agricultural 73 — 29 102 12,316 12,418 — Overdrafts — — — — 276 276 — Total $ 6,004 $ 1,028 $ 3,996 $ 11,028 $ 2,254,229 $ 2,265,257 $ — December 31, 2023 30 to 59 Days 60 to 89 Days 90 Days Total Current Total Recorded Commercial and industrial $ 621 $ 30 $ 1,656 $ 2,307 $ 285,258 $ 287,565 $ — Real estate: Construction and 315 288 117 720 295,919 296,639 — Commercial real 356 — 132 488 922,707 923,195 — Farmland 226 84 — 310 185,985 186,295 — 1-4 family residential 2,827 1,110 1,612 5,549 509,054 514,603 — Multi-family residential — — — — 44,292 44,292 — Consumer 169 77 162 408 56,651 57,059 — Agricultural 16 — — 16 12,669 12,685 — Overdrafts — — — — 243 243 — Total $ 4,530 $ 1,589 $ 3,679 $ 9,798 $ 2,312,778 $ 2,322,576 $ —
Schedule of Nonaccrual Loans	The following table presents information regarding nonaccrual loans as of: March 31, 2024 December 31, 2023 Commercial and industrial $ 283 $ 1,777 Real estate: Construction and development 249 117 Commercial real estate — 132 Farmland 653 164 1-4 family residential 4,629 2,793 Consumer and overdrafts 247 250 Agricultural 100 359 Total $ 6,161 $ 5,592
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. No loan modifications were made during the three months ended March 31, 2024. For the Three Months Ended Term Total Class of Financing Receivable Consumer $ 49 0.08 % Total loans $ 49 0.00 %
Schedule of Financing Receivable, Financial Effect of the Loan Modifications	The following tables present the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty during the three months ended March 31, 2023: 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 difficulty that have been modified during the last twelve months and continue to experience financial difficulty as of March 31, 2024: Current 30 to 89 Days 90 Days Commercial and industrial $ 792 $ — $ — 1-4 family residential 53 — — Consumer 9 — — Total loans $ 854 $ — $ —

SECURITIES SOLD UNDER AGREEME_2

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER DEBT (Tables)	3 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
Schedule of Debt Maturities	Year Current Principal Due Fixed rate advances 2024 5.43 % $ 75,000 Total FHLB advances $ 75,000

SUBORDINATED DEBT (Tables)

SUBORDINATED DEBT (Tables)	3 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
Schedule of Subordinated Debt and Other Debentures	Subordinated debt was made up of the following as of: March 31, 2024 December 31, 2023 Trust III Debentures $ 2,062 $ 2,062 DCB Trust I Debentures 5,155 5,155 Subordinated note 34,602 34,568 Other debentures 4,000 4,000 $ 45,819 $ 45,785 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 2024 3.74 % $ 4,000 2025 - 2028 — — Thereafter 4.27 % 42,217 Total scheduled principal payments 46,217 Unamortized debt issuance costs ( 398 ) $ 45,819

EQUITY AWARDS (Tables)

EQUITY AWARDS (Tables)	3 Months Ended
	Mar. 31, 2024
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, 2024 and 2023 follows: Three Months Ended March 31, 2024 Number of Weighted- Weighted- Aggregate Outstanding at beginning of year 465,680 $ 28.12 5.46 $ 2,782 Granted 2,500 30.49 Exercised ( 3,300 ) 20.91 Forfeited ( 10,500 ) 34.84 Balance, March 31, 2024 454,380 $ 28.03 5.20 $ 1,632 Exercisable at end of period 294,880 $ 26.28 3.77 $ 1,378 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
Schedule of Nonvested Stock Option Activity	A summary of nonvested stock option activity in the Plan during the three months ended March 31, 2024 and 2023 follows: Three Months Ended March 31, 2024 Number of Weighted-Average Outstanding at beginning of year 182,570 $ 6.10 Granted 2,500 5.28 Vested ( 17,170 ) 5.53 Forfeited ( 8,400 ) 8.95 Balance, March 31, 2024 159,500 $ 6.09 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
Plan Information	Information related to stock options in the Plan is as follows for the three months ended: March 31, 2024 March 31, 2023 Intrinsic value of options exercised $ 31 $ 22 Cash received from options exercised 69 225 Weighted average fair value of options granted 5.28 6.02
Summary of Restricted Stock Awards and Units Activity	A summary of restricted stock activity in the Plan during the three months ended March 31, 2024 and 2023 follows: Three Months Ended March 31, 2024 Number of Weighted-Average Outstanding at beginning of year 15,390 $ 28.87 Granted 2,388 30.49 Vested ( 3,511 ) 5.31 Forfeited ( 221 ) 34.10 Balance, March 31, 2024 14,046 $ 29.14 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

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Mar. 31, 2024
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, 2024 December 31, 2023 Operating leases Operating lease right-of-use assets $ 11,968 $ 12,485 Operating lease liabilities 12,625 13,128 Weighted average remaining lease term Operating leases 7 years 7 years Weighted average discount rate Operating leases 2.28 % 2.28 %
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 2028 and thereafter. Minimum future lease payments under these non-cancelable operating leases as of March 31, 2024, are as follows: Year Ended December 31, Amount 2024 $ 1,717 2025 2,134 2026 1,897 2027 1,735 2028 1,688 Thereafter 3,856 Total lease payments 13,027 Less: interest ( 402 ) Present value of lease liabilities $ 12,625

INCOME TAXES (Tables)

INCOME TAXES (Tables)	3 Months Ended
	Mar. 31, 2024
Income Tax Disclosure [Abstract]
Schedule of Income Tax Expense and Effective Tax Rate	Income tax expense was as follows for: Three Months Ended 2024 2023 Income tax expense for the period $ 1,722 $ 1,823 Effective tax rate 20.49 % 18.05 %

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
	Mar. 31, 2024
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, 2024 December 31, 2023 Commitments to extend credit $ 310,054 $ 336,036 Letters of credit 7,153 7,536

REGULATORY MATTERS (Tables)

REGULATORY MATTERS (Tables)	3 Months Ended
	Mar. 31, 2024
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, 2024 Total capital to risk-weighted assets: Consolidated $ 371,036 15.58 % $ 190,577 8.00 % $ 250,132 10.50 % $ 238,221 10.00 % Bank 365,983 15.37 % 190,459 8.00 % 249,977 10.50 % 238,073 10.00 % Tier 1 capital to risk-weighted assets: Consolidated 306,647 12.87 % 142,933 6.00 % 202,488 8.50 % 142,933 6.00 % Bank 336,214 14.12 % 142,844 6.00 % 202,362 8.50 % 190,459 8.00 % Tier 1 capital to average assets: (1) Consolidated 306,647 9.66 % 126,913 4.00 % 126,913 4.00 % n/a Bank 336,214 10.63 % 126,532 4.00 % 126,532 4.00 % 158,165 5.00 % Common equity tier 1 capital to risk-weighted assets: Consolidated 299,430 12.57 % 107,200 4.50 % 166,755 7.00 % n/a Bank 336,214 14.12 % 107,133 4.50 % 166,651 7.00 % 154,748 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, 2023 Total capital to risk-weighted assets: Consolidated $ 367,526 15.22 % $ 193,232 8.00 % $ 253,617 10.50 % $ 241,540 10.00 % Bank 373,778 15.49 % 193,035 8.00 % 253,359 10.50 % 241,294 10.00 % Tier 1 capital to risk-weighted assets: Consolidated 302,757 12.53 % 144,924 6.00 % 205,309 8.50 % 144,924 6.00 % Bank 343,607 14.24 % 144,777 6.00 % 205,100 8.50 % 193,035 8.00 % Tier 1 capital to average assets: (1) Consolidated 302,757 9.47 % 127,878 4.00 % 127,878 4.00 % n/a Bank 343,607 10.78 % 127,531 4.00 % 127,531 4.00 % 159,414 5.00 % Common equity tier 1 capital to risk-weighted assets: Consolidated 295,540 12.24 % 108,693 4.50 % 169,078 7.00 % n/a Bank 343,607 14.24 % 108,582 4.50 % 168,906 7.00 % 156,841 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, 2024
Fair Value Disclosures [Abstract]
Schedule of Financial Assets (Liabilities) Measured at Fair Value	The following tables summarize quantitative disclosures about the fair value measurements for each category of financial assets (liabilities) carried at fair value: March 31, 2024 Fair Value Quoted Significant Significant Assets at fair value on a recurring basis: Available for sale securities: Mortgage-backed securities $ 183,140 $ — $ 183,140 $ — Collateralized mortgage obligations 16,114 — 16,114 — Municipal securities 2,473 — 2,473 — Corporate bonds 27,060 — 27,060 — Loans held for sale 874 — — 874 Cash surrender value of life insurance 42,119 — 42,119 — SBA servicing assets 661 — — 661 Assets at fair value on a nonrecurring basis: Other real estate owned 14,900 — — 14,900 December 31, 2023 Fair Value Quoted Significant Significant Assets at fair value on a recurring basis: Available for sale securities: Mortgage-backed securities $ 149,812 $ — $ 149,812 $ — Collateralized mortgage obligations 17,074 — 17,074 — Municipal securities 2,504 — 2,504 — Corporate bonds 26,805 — 26,805 — Loans held for sale 976 — — 976 Cash surrender value of life insurance 42,348 — 42,348 — SBA servicing assets 691 — — 691 Assets at fair value on a nonrecurring basis: Individually evaluated collateral dependent loans 14,527 — — 14,527
Schedule of Quantitative Information About Nonrecurring Level 3 Fair Value Measurements	The following table presents quantitative information about nonrecurring Level 3 fair value measurements as of March 31, 2024. T here were no nonrecurring level 3 fair value measurements requiring quantitative information as of December 31, 2023. March 31, 2024 Fair Value Valuation Unobservable Input(s) Range Other real estate owned $ 14,900 Appraisal value of collateral Selling costs or other normal adjustments 16 %
Schedule of Individually Evaluated Collateral Dependent Loans at Fair Value	There were no individually evaluated collateral dependent loans included in the ACL model as of March 31, 2024. Fair Value Measurements Using December 31, 2023 Level 1 Level 2 Level 3 Total Fair Value Real estate: Commercial real estate $ — $ — $ 14,527 $ 14,527 Total $ — $ — $ 14,527 $ 14,527
Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments	The carrying amounts and estimated fair values of financial instruments not previously discussed in this note, as of March 31, 2024 and December 31, 2023, 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 $ 73,093 $ 73,093 $ — $ — $ 73,093 Marketable securities held to maturity 363,963 — 331,480 — 331,480 Loans, net 2,234,012 — — 2,148,577 2,148,577 Accrued interest receivable 11,747 — 11,747 — 11,747 Nonmarketable equity securities 20,870 — 20,870 — 20,870 Financial liabilities: Deposits $ 2,627,844 $ 1,931,728 $ 697,604 $ — $ 2,629,332 Securities sold under repurchase agreements 39,058 — 39,058 — 39,058 Accrued interest payable 5,588 — 5,588 — 5,588 Federal Home Loan Bank advances 75,000 — 74,981 — 74,981 Subordinated debt 45,819 — 46,304 — 46,304 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 $ 89,524 $ 89,524 $ — $ — $ 89,524 Marketable securities held to maturity 404,208 — 374,523 — 374,523 Loans, net 2,290,881 — — 2,187,669 2,187,669 Accrued interest receivable 13,143 — 13,143 — 13,143 Nonmarketable equity securities 24,128 — 24,128 — 24,128 Financial liabilities: Deposits $ 2,633,246 $ 1,928,063 $ 706,074 $ — $ 2,634,137 Securities sold under repurchase agreements 25,172 — 25,172 — 25,172 Accrued interest payable 5,272 — 5,272 — 5,272 Federal Home Loan Bank advances 140,000 — 139,963 — 139,963 Subordinated debt 45,785 — 46,433 — 46,433

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2024
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 2024 2023 Numerator: Net earnings attributable to Guaranty Bancshares, Inc. $ 6,688 $ 8,281 Denominator: Weighted-average shares outstanding (basic) 11,539,167 11,939,593 Effect of dilutive securities: Common stock equivalent shares from stock options 59,072 72,411 Weighted-average shares outstanding (diluted) 11,598,239 12,012,004 Net earnings attributable to Guaranty Bancshares, Inc. per share Basic $ 0.58 $ 0.69 Diluted $ 0.58 $ 0.69

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, 2024	Dec. 31, 2023
Available for sale:
Available-for-sale debt securities, amortized cost basis	$ 249,938	$ 215,380
Gross Unrealized Gains	758	1,215
Gross Unrealized Losses	21,909	20,400
Estimated Fair Value	228,787	196,195
Held to maturity:
Amortized Cost	363,963	404,208
Gross Unrealized Gains	625	923
Gross Unrealized Losses	33,108	30,608
Estimated Fair Value	331,480	374,523
U.S. government agencies
Held to maturity:
Amortized Cost	9,331	9,292
Gross Unrealized Gains	0	0
Gross Unrealized Losses	1,127	1,066
Estimated Fair Value	8,204	8,226
Corporate bonds
Available for sale:
Available-for-sale debt securities, amortized cost basis	29,861	29,882
Gross Unrealized Gains	0	0
Gross Unrealized Losses	2,801	3,077
Estimated Fair Value	27,060	26,805
Municipal securities
Available for sale:
Available-for-sale debt securities, amortized cost basis	2,321	2,322
Gross Unrealized Gains	152	182
Gross Unrealized Losses	0	0
Estimated Fair Value	2,473	2,504
Held to maturity:
Amortized Cost	161,031	168,175
Gross Unrealized Gains	625	923
Gross Unrealized Losses	6,604	6,123
Estimated Fair Value	155,052	162,975
Mortgage-backed securities
Available for sale:
Available-for-sale debt securities, amortized cost basis	199,776	164,419
Gross Unrealized Gains	601	1,014
Gross Unrealized Losses	17,237	15,621
Estimated Fair Value	183,140	149,812
Held to maturity:
Amortized Cost	117,454	119,872
Gross Unrealized Gains	0	0
Gross Unrealized Losses	16,875	15,105
Estimated Fair Value	100,579	104,767
Collateralized mortgage obligations
Available for sale:
Available-for-sale debt securities, amortized cost basis	17,980	18,757
Gross Unrealized Gains	5	19
Gross Unrealized Losses	1,871	1,702
Estimated Fair Value	16,114	17,074
Held to maturity:
Amortized Cost	36,590	37,437
Gross Unrealized Losses	7,777	7,276
Estimated Fair Value	28,813	30,161
Treasury securities
Held to maturity:
Amortized Cost	39,557	69,432
Gross Unrealized Losses	725	1,038
Estimated Fair Value	$ 38,832	$ 68,394

MARKETABLE SECURITIES - Narrati

MARKETABLE SECURITIES - Narrative (Details)	3 Months Ended
	Mar. 31, 2024 USD ($) Security Position	Mar. 31, 2023 USD ($)	Jun. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Dec. 31, 2023 USD ($)
Investments, Debt and Equity Securities [Abstract]
Allowance for credit losses for available for sale debt securities	$ 0				$ 0
Number of investment in an unrealized loss position | Position	245
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	$ 318,110,000				317,112,000
Accumulated other comprehensive income	7,131,000				$ 6,964,000
Proceeds from sales	0	$ 7,239,000
Gross gains	0	119,000
Gross losses	$ 0	$ (26,000)

MARKETABLE SECURITIES - Securit

MARKETABLE SECURITIES - Securities in Continuous Loss Position (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Gross Unrealized Losses
Less Than 12 Months	$ (1,316)	$ (742)
12 Months or Longer	(20,593)	(19,658)
Total	(21,909)	(20,400)
Estimated Fair Value
Less Than 12 Months	40,846	13,308
12 Months or Longer	137,912	142,670
Total	178,758	155,978
Corporate bonds
Gross Unrealized Losses
Less Than 12 Months	0	0
12 Months or Longer	(2,801)	(3,077)
Total	(2,801)	(3,077)
Estimated Fair Value
Less Than 12 Months	0	0
12 Months or Longer	27,060	26,805
Total	27,060	26,805
Mortgage-backed securities
Gross Unrealized Losses
Less Than 12 Months	(1,316)	(742)
12 Months or Longer	(15,921)	(14,879)
Total	(17,237)	(15,621)
Estimated Fair Value
Less Than 12 Months	40,846	13,308
12 Months or Longer	97,768	101,889
Total	138,614	115,197
Collateralized mortgage obligations
Gross Unrealized Losses
Less Than 12 Months	0	0
12 Months or Longer	(1,871)	(1,702)
Total	(1,871)	(1,702)
Estimated Fair Value
Less Than 12 Months	0	0
12 Months or Longer	13,084	13,976
Total	$ 13,084	$ 13,976

MARKETABLE SECURITIES - Contrac

MARKETABLE SECURITIES - Contractual Maturities of Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Amortized Cost
Due within one year	$ 7,497
Due after one year through five years	2,039
Due after five years through ten years	22,646
Due after ten years	0
Available-for-sale debt securities, amortized cost basis	249,938	$ 215,380
Estimated Fair Value
Due within one year	7,373
Due after one year through five years	1,851
Due after five years through ten years	20,309
Due after ten years	0
Available-for-sale debt securities, estimated fair value	228,787	196,195
Held to Maturity Amortized Cost
Due within one year	23,695
Due after one year through five years	61,338
Due after five years through ten years	86,992
Due after ten years	37,894
Held to Maturity debt securities, amortized cost	363,963	404,208
Held to Maturity Estimated Fair Value
Due within one year	23,456
Due after one year through five years	58,931
Due after five years through ten years	84,340
Due after ten years	35,361
Held to maturity debt securities, estimated fair value	331,480	374,523
Mortgage-backed securities
Amortized Cost
Available-for-sale debt securities, amortized cost basis	199,776
Available-for-sale debt securities, amortized cost basis	199,776	164,419
Estimated Fair Value
Available-for-sale debt securities, estimated fair value	183,140
Available-for-sale debt securities, estimated fair value	183,140	149,812
Held to Maturity Amortized Cost
Held to Maturity debt securities, amortized cost	117,454
Held to Maturity debt securities, amortized cost	117,454	119,872
Held to Maturity Estimated Fair Value
Held to maturity debt securities, estimated fair value	100,579
Held to maturity debt securities, estimated fair value	100,579	104,767
Collateralized mortgage obligations
Amortized Cost
Available-for-sale debt securities, amortized cost basis	17,980
Available-for-sale debt securities, amortized cost basis	17,980	18,757
Estimated Fair Value
Available-for-sale debt securities, estimated fair value	16,114
Available-for-sale debt securities, estimated fair value	16,114	17,074
Held to Maturity Amortized Cost
Held to Maturity debt securities, amortized cost	36,590
Held to Maturity debt securities, amortized cost	36,590	37,437
Held to Maturity Estimated Fair Value
Held to maturity debt securities, estimated fair value	28,813
Held to maturity debt securities, estimated fair value	$ 28,813	$ 30,161

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, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Loans held for investment:
Total loans	$ 2,265,257	$ 2,322,576
Deferred loan fees, net	(685)	(775)
Allowance for credit losses	(30,560)	(30,920)	$ (31,953)	$ (31,974)
Total net loans	2,234,012	2,290,881
Commercial and industrial
Loans held for investment:
Total loans	269,560	287,565
Allowance for credit losses	(3,744)	(3,719)	(4,148)	(4,382)
Construction and development
Loans held for investment:
Total loans	273,300	296,639
Allowance for credit losses	(3,260)	(3,623)	(4,864)	(4,889)
Commercial real estate
Loans held for investment:
Total loans	906,684	923,195
Allowance for credit losses	(12,276)	(12,257)	(12,690)	(12,658)
Farmland
Loans held for investment:
Total loans	180,502	186,295
Allowance for credit losses	(2,204)	(2,231)	(2,086)	(2,008)
1-4 family residential
Loans held for investment:
Total loans	523,573	514,603
Allowance for credit losses	(7,685)	(7,470)	(6,641)	(6,617)
Multi-family residential
Loans held for investment:
Total loans	44,569	44,292
Allowance for credit losses	(517)	(521)	(479)	(490)
Consumer
Loans held for investment:
Total loans	54,375	57,059
Allowance for credit losses	(723)	(945)	(898)	(778)
Agricultural
Loans held for investment:
Total loans	12,418	12,685
Allowance for credit losses	(148)	(152)	(144)	(149)
Overdrafts
Loans held for investment:
Total loans	276	243
Allowance for credit losses	$ (3)	$ (2)	$ (3)	$ (3)

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, 2024	Dec. 31, 2023
Receivables [Abstract]
Accrued interest receivable on loans	$ 8.9	$ 9.5

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, 2024	Mar. 31, 2023	Dec. 31, 2023
Allowance for credit losses:
Beginning balance	$ 30,920	$ 31,974	$ 31,974
Provision for (reversal of) credit losses	(250)	0	0
Loans charged-off	(310)	(94)	(1,204)
Recoveries	200	73	150
Ending balance	30,560	31,953	30,920
Commercial and industrial
Allowance for credit losses:
Beginning balance	3,719	4,382	4,382
Provision for (reversal of) credit losses	67	(239)	(209)
Loans charged-off	(216)	(3)	(473)
Recoveries	174	8	19
Ending balance	3,744	4,148	3,719
Construction and development
Allowance for credit losses:
Beginning balance	3,623	4,889	4,889
Provision for (reversal of) credit losses	(363)	(25)	(1,266)
Loans charged-off		0	0
Recoveries	0	0	0
Ending balance	3,260	4,864	3,623
Commercial real estate
Allowance for credit losses:
Beginning balance	12,257	12,658	12,658
Provision for (reversal of) credit losses	19	32	(124)
Loans charged-off	0	0	(277)
Recoveries	0	0	0
Ending balance	12,276	12,690	12,257
Farmland
Allowance for credit losses:
Beginning balance	2,231	2,008	2,008
Provision for (reversal of) credit losses	(27)	78	223
Loans charged-off		0	0
Ending balance	2,204	2,086	2,231
1-4 family residential
Allowance for credit losses:
Beginning balance	7,470	6,617	6,617
Provision for (reversal of) credit losses	215	24	853
Loans charged-off		0	0
Recoveries	0	0	0
Ending balance	7,685	6,641	7,470
Multi-family residential
Allowance for credit losses:
Beginning balance	521	490	490
Provision for (reversal of) credit losses	(4)	(11)	31
Loans charged-off		0	0
Ending balance	517	479	521
Consumer
Allowance for credit losses:
Beginning balance	945	778	778
Provision for (reversal of) credit losses	(194)	82	238
Loans charged-off	(35)	(7)	(139)
Recoveries	7	45	68
Ending balance	723	898	945
Agricultural
Allowance for credit losses:
Beginning balance	152	149	149
Provision for (reversal of) credit losses	(6)	(4)	4
Loans charged-off	0	(3)	(3)
Recoveries	2	2	2
Ending balance	148	144	152
Overdrafts
Allowance for credit losses:
Beginning balance	2	3	3
Provision for (reversal of) credit losses	43	63	250
Loans charged-off	(59)	(81)	(312)
Recoveries	17	18	61
Ending balance	$ 3	$ 3	$ 2

LOANS AND ALLOWANCE FOR CREDI_6

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Narrative (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Receivables [Abstract]
Loans classified in doubtful or loss risk rating	$ 0		$ 0
Reversal of provision for credit losses	(250,000)	$ 0
Decrease in loan balance	$ 57,300,000

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, 2024	Dec. 31, 2023
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2024	$ 53,842	$ 288,326
Credit Exposure 2023	281,192	833,709
Credit Exposure 2022	784,895	451,802
Credit Exposure 2021	431,750	159,704
Credit Exposure 2020	153,922	108,230
Credit Exposure Prior	408,976	320,588
Revolving Loans Amortized Cost	150,680	160,217
Total	2,265,257	2,322,576
Credit Exposure 2024.Charge - offs	(59)	(615)
Credit Exposure 2023.Charge - offs	(20)	(38)
Credit Exposure 2022.Charge - offs	(8)	(76)
Credit Exposure 2021.Charge - offs		(52)
Credit Exposure 2020.Charge - offs	(216)	(36)
Credit Exposure Prior.Charge - offs	(7)	(94)
Credit Exposure Revolving Loans Amortized Cost.Charge - offs		(293)
Total	(310)	(1,204)
Credit Exposure 2024, Recoveries	17	61
Credit Exposure 2022, Recoveries		4
Credit Exposure 2021, Recoveries	2	1
Credit Exposure 2020, Recoveries	3
Credit Exposure Prior, Recoveries	178	29
Credit Exposure Revolving Loans Amortized Cost, Recoveries		55
Total	200	150
Credit Exposure 2024,Current period net	(42)	(554)
Credit Exposure 2023,Current period net	(20)	(38)
Credit Exposure 2022,Current period net	(8)	(72)
Credit Exposure 2021,Current period net	2	(51)
Credit Exposure 2020,Current period net	(213)	(36)
Credit Exposure Prior,Current period net	171	(65)
Credit Exposure Revolving Loans Amortized Cost,Current period net		(238)
Total	(110)	(1,054)
Pass
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2024	53,769	288,301
Credit Exposure 2023	280,463	810,203
Credit Exposure 2022	770,610	441,607
Credit Exposure 2021	422,873	158,291
Credit Exposure 2020	152,427	107,314
Credit Exposure Prior	400,004	316,988
Revolving Loans Amortized Cost	150,502	159,933
Total	2,230,648	2,282,637
Special Mention
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2024		6
Credit Exposure 2023	27	7,042
Credit Exposure 2022	12,341	137
Credit Exposure 2021	160	958
Credit Exposure 2020		147
Credit Exposure Prior	4,604	1,196
Revolving Loans Amortized Cost		250
Total	17,132	9,736
Substandard
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2023	490	16,210
Credit Exposure 2022	1,738	6,950
Credit Exposure 2021	7,144	370
Credit Exposure 2020	990	446
Credit Exposure Prior	954	635
Total	11,316	24,611
Nonaccrual
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2024	73	19
Credit Exposure 2023	212	254
Credit Exposure 2022	206	3,108
Credit Exposure 2021	1,573	85
Credit Exposure 2020	505	323
Credit Exposure Prior	3,414	1,769
Revolving Loans Amortized Cost	178	34
Total	6,161	5,592
Commercial and industrial
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2024	7,894	42,646
Credit Exposure 2023	37,031	72,711
Credit Exposure 2022	65,788	39,988
Credit Exposure 2021	36,866	14,199
Credit Exposure 2020	13,120	8,766
Credit Exposure Prior	19,928	12,756
Revolving Loans Amortized Cost	88,933	96,499
Total	269,560	287,565
Credit Exposure 2024.Charge - offs		(79)
Credit Exposure 2022.Charge - offs		(25)
Credit Exposure 2021.Charge - offs		(41)
Credit Exposure 2020.Charge - offs	(216)	(31)
Credit Exposure Prior.Charge - offs		(4)
Credit Exposure Revolving Loans Amortized Cost.Charge - offs		(293)
Total	(216)	(473)
Credit Exposure Prior, Recoveries	174	4
Credit Exposure Revolving Loans Amortized Cost, Recoveries		15
Total	174	19
Credit Exposure 2024,Current period net		(79)
Credit Exposure 2022,Current period net		(25)
Credit Exposure 2021,Current period net		(41)
Credit Exposure 2020,Current period net	(216)	(31)
Credit Exposure Prior,Current period net	174
Credit Exposure Revolving Loans Amortized Cost,Current period net		(278)
Total	(42)	(454)
Commercial and industrial | Pass
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2024	7,894	42,646
Credit Exposure 2023	36,490	72,376
Credit Exposure 2022	65,398	38,328
Credit Exposure 2021	36,745	12,864
Credit Exposure 2020	12,123	8,249
Credit Exposure Prior	19,193	12,524
Revolving Loans Amortized Cost	88,921	96,215
Total	266,764	283,202
Commercial and industrial | Special Mention
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2023		16
Credit Exposure 2022	9	132
Credit Exposure 2021	88	958
Credit Exposure 2020		147
Credit Exposure Prior	82
Revolving Loans Amortized Cost		250
Total	179	1,503
Commercial and industrial | Substandard
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2023	490	190
Credit Exposure 2022	255
Credit Exposure 2021	33	370
Credit Exposure 2020	990	370
Credit Exposure Prior	566	153
Total	2,334	1,083
Commercial and industrial | Nonaccrual
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2023	51	129
Credit Exposure 2022	126	1,528
Credit Exposure 2021		7
Credit Exposure 2020	7
Credit Exposure Prior	87	79
Revolving Loans Amortized Cost	12	34
Total	283	1,777
Construction and development
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2024	12,839	86,641
Credit Exposure 2023	78,917	112,609
Credit Exposure 2022	94,626	62,548
Credit Exposure 2021	55,898	7,074
Credit Exposure 2020	6,243	5,915
Credit Exposure Prior	18,153	12,615
Revolving Loans Amortized Cost	6,624	9,237
Total	273,300	296,639
Construction and development | Pass
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2024	12,766	86,641
Credit Exposure 2023	78,785	112,347
Credit Exposure 2022	94,439	62,548
Credit Exposure 2021	55,898	7,074
Credit Exposure 2020	6,243	5,915
Credit Exposure Prior	18,042	12,504
Revolving Loans Amortized Cost	6,624	9,237
Total	272,797	296,266
Construction and development | Substandard
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2023		189
Credit Exposure 2022	187
Credit Exposure Prior	67	67
Total	254	256
Construction and development | Nonaccrual
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2024	73
Credit Exposure 2023	132	73
Credit Exposure Prior	44	44
Total	249	117
Commercial real estate
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2024	10,388	46,655
Credit Exposure 2023	55,208	391,764
Credit Exposure 2022	373,144	156,486
Credit Exposure 2021	153,551	81,765
Credit Exposure 2020	79,919	54,181
Credit Exposure Prior	219,782	177,279
Revolving Loans Amortized Cost	14,692	15,065
Total	906,684	923,195
Credit Exposure 2024.Charge - offs		(190)
Credit Exposure Prior.Charge - offs		(87)
Total		(277)
Credit Exposure 2024,Current period net		(190)
Credit Exposure Prior,Current period net		(87)
Total		(277)
Commercial real estate | Pass
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2024	10,388	46,655
Credit Exposure 2023	55,208	368,933
Credit Exposure 2022	359,523	149,536
Credit Exposure 2021	146,488	81,765
Credit Exposure 2020	79,919	54,100
Credit Exposure Prior	215,062	176,509
Revolving Loans Amortized Cost	14,692	15,065
Total	881,280	892,563
Commercial real estate | Special Mention
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2023		7,000
Credit Exposure 2022	12,325
Credit Exposure Prior	4,494	333
Total	16,819	7,333
Commercial real estate | Substandard
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2023		15,831
Credit Exposure 2022	1,296	6,950
Credit Exposure 2021	7,063
Credit Exposure 2020		49
Credit Exposure Prior	226	337
Total	8,585	23,167
Commercial real estate | Nonaccrual
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2020		32
Credit Exposure Prior		100
Total		132
Farmland
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2024	1,089	25,009
Credit Exposure 2023	23,045	77,371
Credit Exposure 2022	73,513	46,817
Credit Exposure 2021	45,489	8,556
Credit Exposure 2020	8,093	5,626
Credit Exposure Prior	20,814	16,067
Revolving Loans Amortized Cost	8,459	6,849
Total	180,502	186,295
Farmland | Pass
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2024	1,089	25,009
Credit Exposure 2023	23,045	77,371
Credit Exposure 2022	73,513	46,817
Credit Exposure 2021	45,185	8,556
Credit Exposure 2020	7,989	5,599
Credit Exposure Prior	20,445	15,850
Revolving Loans Amortized Cost	8,459	6,849
Total	179,725	186,051
Farmland | Substandard
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2021	48
Credit Exposure 2020		27
Credit Exposure Prior	76	53
Total	124	80
Farmland | Nonaccrual
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2021	256
Credit Exposure 2020	104
Credit Exposure Prior	293	164
Total	653	164
1-4 family residential
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2024	14,126	57,348
Credit Exposure 2023	62,059	143,992
Credit Exposure 2022	143,318	122,213
Credit Exposure 2021	118,839	42,588
Credit Exposure 2020	41,518	28,939
Credit Exposure Prior	121,433	97,377
Revolving Loans Amortized Cost	22,280	22,146
Total	523,573	514,603
1-4 family residential | Pass
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2024	14,126	57,348
Credit Exposure 2023	62,059	143,992
Credit Exposure 2022	143,318	120,964
Credit Exposure 2021	117,522	42,535
Credit Exposure 2020	41,147	28,764
Credit Exposure Prior	118,567	95,198
Revolving Loans Amortized Cost	22,114	22,146
Total	518,853	510,947
1-4 family residential | Special Mention
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2021	72
Credit Exposure Prior	19	863
Total	91	863
1-4 family residential | Nonaccrual
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2022		1,249
Credit Exposure 2021	1,245	53
Credit Exposure 2020	371	175
Credit Exposure Prior	2,847	1,316
Revolving Loans Amortized Cost	166
Total	4,629	2,793
Multi-family residential
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2024		1,984
Credit Exposure 2023	1,971	18,041
Credit Exposure 2022	19,946	16,496
Credit Exposure 2021	15,047	2,363
Credit Exposure 2020	2,337	3,862
Credit Exposure Prior	5,261	1,492
Revolving Loans Amortized Cost	7	54
Total	44,569	44,292
Multi-family residential | Pass
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2024		1,984
Credit Exposure 2023	1,971	18,041
Credit Exposure 2022	19,946	16,496
Credit Exposure 2021	15,047	2,363
Credit Exposure 2020	2,337	3,862
Credit Exposure Prior	5,261	1,492
Revolving Loans Amortized Cost	7	54
Total	44,569	44,292
Consumer and Overdrafts
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2024	6,817	26,186
Credit Exposure 2023	21,349	15,259
Credit Exposure 2022	12,858	5,920
Credit Exposure 2021	5,059	2,474
Credit Exposure 2020	2,056	631
Credit Exposure Prior	2,682	2,344
Revolving Loans Amortized Cost	3,830	4,488
Total	54,651	57,302
Credit Exposure 2024.Charge - offs	(59)	(346)
Credit Exposure 2023.Charge - offs	(20)	(38)
Credit Exposure 2022.Charge - offs	(8)	(51)
Credit Exposure 2021.Charge - offs		(11)
Credit Exposure 2020.Charge - offs		(5)
Credit Exposure Prior.Charge - offs	(7)
Total	(94)	(451)
Credit Exposure 2024, Recoveries	17	61
Credit Exposure 2022, Recoveries		4
Credit Exposure 2021, Recoveries	2	1
Credit Exposure 2020, Recoveries	3
Credit Exposure Prior, Recoveries	2	23
Credit Exposure Revolving Loans Amortized Cost, Recoveries		40
Total	24	129
Credit Exposure 2024,Current period net	(42)	(285)
Credit Exposure 2023,Current period net	(20)	(38)
Credit Exposure 2022,Current period net	(8)	(47)
Credit Exposure 2021,Current period net	2	(10)
Credit Exposure 2020,Current period net	3	(5)
Credit Exposure Prior,Current period net	(5)	23
Credit Exposure Revolving Loans Amortized Cost,Current period net		40
Total	(70)	(322)
Consumer and Overdrafts | Pass
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2024	6,817	26,161
Credit Exposure 2023	21,293	15,181
Credit Exposure 2022	12,771	5,840
Credit Exposure 2021	4,987	2,449
Credit Exposure 2020	2,033	589
Credit Exposure Prior	2,630	2,307
Revolving Loans Amortized Cost	3,830	4,488
Total	54,361	57,015
Consumer and Overdrafts | Special Mention
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2024		6
Credit Exposure 2023	27	26
Credit Exposure 2022	7	5
Credit Exposure Prior	9
Total	43	37
Consumer and Overdrafts | Nonaccrual
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2024		19
Credit Exposure 2023	29	52
Credit Exposure 2022	80	75
Credit Exposure 2021	72	25
Credit Exposure 2020	23	42
Credit Exposure Prior	43	37
Total	247	250
Agricultural
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2024	689	1,857
Credit Exposure 2023	1,612	1,962
Credit Exposure 2022	1,702	1,334
Credit Exposure 2021	1,001	685
Credit Exposure 2020	636	310
Credit Exposure Prior	923	658
Revolving Loans Amortized Cost	5,855	5,879
Total	12,418	12,685
Credit Exposure Prior.Charge - offs		(3)
Total		(3)
Credit Exposure Prior, Recoveries	2	2
Total	2	2
Credit Exposure Prior,Current period net	2	(1)
Total	2	(1)
Agricultural | Pass
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2024	689	1,857
Credit Exposure 2023	1,612	1,962
Credit Exposure 2022	1,702	1,078
Credit Exposure 2021	1,001	685
Credit Exposure 2020	636	236
Credit Exposure Prior	804	604
Revolving Loans Amortized Cost	5,855	5,879
Total	12,299	12,301
Agricultural | Substandard
Financing Receivable Recorded Investment [Line Items]
Credit Exposure Prior	19	25
Total	19	25
Agricultural | Nonaccrual
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2022		256
Credit Exposure 2020		74
Credit Exposure Prior	100	29
Total	$ 100	$ 359

LOANS AND ALLOWANCE FOR CREDI_8

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Summary of Amortized Cost Basis of Collateral-dependent Loans (Details) - Collateral Dependent Loans $ in Thousands	Dec. 31, 2023 USD ($)
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	$ 14,744
Allowance for Credit Losses Allocation	217
Real Estate
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	14,527
Non-RE
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	217
Commercial and industrial
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	217
Allowance for Credit Losses Allocation	217
Commercial and industrial | Non-RE
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	217
Commercial real estate
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	14,527
Commercial real estate | Real Estate
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	$ 14,527

LOANS AND ALLOWANCE FOR CREDI_9

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Summary of Payment Status of Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans	$ 2,265,257	$ 2,322,576
Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	6,004	4,530
Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	1,028	1,589
Financing Receivables, Equal to or Greater than 90 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	3,996	3,679
Financial Asset, Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	11,028	9,798
Financial Asset, Not Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	2,254,229	2,312,778
Commercial Industrial and Warehouse lending
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans	269,560	287,565
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	643	621
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	127	30
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	130	1,656
Commercial Industrial and Warehouse lending | Financial Asset, Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	900	2,307
Commercial Industrial and Warehouse lending | Financial Asset, Not Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	268,660	285,258
Construction and development
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans	273,300	296,639
Construction and development | Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	94	315
Construction and development | Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	0	288
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	176	117
Construction and development | Financial Asset, Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	270	720
Construction and development | Financial Asset, Not Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	273,030	295,919
Commercial real estate
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans	906,684	923,195
Commercial real estate | Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	454	356
Commercial real estate | Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	576	0
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	0	132
Commercial real estate | Financial Asset, Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	1,030	488
Commercial real estate | Financial Asset, Not Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	905,654	922,707
Farmland
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans	180,502	186,295
Farmland | Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	2,311	226
Farmland | Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	0	84
Farmland | Financing Receivables, Equal to or Greater than 90 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	251	0
Farmland | Financial Asset, Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	2,562	310
Farmland | Financial Asset, Not Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	177,940	185,985
1-4 family residential
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans	523,573	514,603
1-4 family residential | Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	2,165	2,827
1-4 family residential | Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	266	1,110
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	3,257	1,612
1-4 family residential | Financial Asset, Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	5,688	5,549
1-4 family residential | Financial Asset, Not Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	517,885	509,054
Multi-family residential
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans	44,569	44,292
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
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	0	0
Multi-family residential | Financial Asset, Not Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	44,569	44,292
Consumer
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans	54,375	57,059
Consumer | Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	264	169
Consumer | Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	59	77
Consumer | Financing Receivables, Equal to or Greater than 90 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	153	162
Consumer | Financial Asset, Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	476	408
Consumer | Financial Asset, Not Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	53,899	56,651
Agricultural
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans	12,418	12,685
Agricultural | Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	73	16
Agricultural | Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	0	0
Agricultural | Financing Receivables, Equal to or Greater than 90 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	29	0
Agricultural | Financial Asset, Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	102	16
Agricultural | Financial Asset, Not Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	12,316	12,669
Overdrafts
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans	276	243
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
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	0	0
Overdrafts | Financial Asset, Not Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	$ 276	$ 243

LOANS AND ALLOWANCE FOR CRED_10

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Schedule of Nonaccrual Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Total loans	$ 6,161	$ 5,592
Commercial and industrial
Financing Receivable, Past Due [Line Items]
Total loans	283	1,777
Construction and development
Financing Receivable, Past Due [Line Items]
Total loans	249	117
Commercial real estate
Financing Receivable, Past Due [Line Items]
Total loans	0	132
Farmland
Financing Receivable, Past Due [Line Items]
Total loans	653	164
1-4 family residential
Financing Receivable, Past Due [Line Items]
Total loans	4,629	2,793
Consumer and Overdrafts
Financing Receivable, Past Due [Line Items]
Total loans	247	250
Agricultural
Financing Receivable, Past Due [Line Items]
Total loans	$ 100	$ 359

LOANS AND ALLOWANCE FOR CRED_11

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Schedule of Financing Receivable, Amortized Cost Basis of Loans (Details)	3 Months Ended
	Mar. 31, 2023
Financing Receivable, Past Due [Line Items]
Total Class of Financing Receivable	0%
Term Extension	49 years
Consumer
Financing Receivable, Past Due [Line Items]
Total Class of Financing Receivable	0.08%
Term Extension	49 years

LOANS AND ALLOWANCE FOR CRED_12

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, 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_13

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Schedule of Financing Receivable, Age Analysis of Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Financial Asset, Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	$ 2,254,229	$ 2,312,778
Financial Asset, Not Past Due [Member] | ASU 2022-02
Financing Receivable, Past Due [Line Items]
Total loans	854
Financing Receivables, 30 to 89 Days Past Due | ASU 2022-02
Financing Receivable, Past Due [Line Items]
Total loans	0
Financing Receivables, Equal to or Greater than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans	3,996	3,679
Financing Receivables, Equal to or Greater than 90 Days Past Due | ASU 2022-02
Financing Receivable, Past Due [Line Items]
Total loans	0
Commercial and industrial | Financial Asset, Not Past Due [Member] | ASU 2022-02
Financing Receivable, Past Due [Line Items]
Total loans	792
Commercial and industrial | Financing Receivables, 30 to 89 Days Past Due | ASU 2022-02
Financing Receivable, Past Due [Line Items]
Total loans	0
Commercial and industrial | Financing Receivables, Equal to or Greater than 90 Days Past Due | ASU 2022-02
Financing Receivable, Past Due [Line Items]
Total loans	0
Consumer | Financial Asset, Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	53,899	56,651
Consumer | Financial Asset, Not Past Due [Member] | ASU 2022-02
Financing Receivable, Past Due [Line Items]
Total loans	9
Consumer | Financing Receivables, 30 to 89 Days Past Due | ASU 2022-02
Financing Receivable, Past Due [Line Items]
Total loans	0
Consumer | Financing Receivables, Equal to or Greater than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans	153	162
Consumer | Financing Receivables, Equal to or Greater than 90 Days Past Due | ASU 2022-02
Financing Receivable, Past Due [Line Items]
Total loans	0
1-4 family residential | Financial Asset, Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	517,885	509,054
1-4 family residential | Financial Asset, Not Past Due [Member] | ASU 2022-02
Financing Receivable, Past Due [Line Items]
Total loans	53
1-4 family residential | Financing Receivables, 30 to 89 Days Past Due | ASU 2022-02
Financing Receivable, Past Due [Line Items]
Total loans	0
1-4 family residential | Financing Receivables, Equal to or Greater than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans	3,257	$ 1,612
1-4 family residential | Financing Receivables, Equal to or Greater than 90 Days Past Due | ASU 2022-02
Financing Receivable, 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, 2024	Dec. 31, 2023
Line of Credit Facility [Line Items]
Securities sold under agreements to repurchase	$ 39,058	$ 25,172
Long-term line of credit	0	4,500
Revolving Credit Facility
Line of Credit Facility [Line Items]
Line of credit facility, current borrowing capacity	25,000
Long-term line of credit	$ 0	$ 4,500
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	8.50%

SECURITIES SOLD UNDER AGREEME_4

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER DEBT - Summary of Fixed-Rate Advances (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Federal Home Loan Bank, Advances, Fiscal Year Maturity [Abstract]
Federal Home Loan Bank advances	$ 75,000	$ 140,000
Fixed-rate Advances, With Monthly Interest Payments
Federal Home Loan Bank, Advances, Maturities Summary, Average Interest Rate of Amounts Due [Abstract]
2024 (percent)	5.43%
Federal Home Loan Bank, Advances, Fiscal Year Maturity [Abstract]
2024	$ 75,000

SUBORDINATED DEBT - Schedule of

SUBORDINATED DEBT - Schedule of Subordinated Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Subordinated debt	$ 45,819	$ 45,785
Trust III Debentures
Debt Instrument [Line Items]
Subordinated debt	2,062	2,062
DCB Trust I Debentures
Debt Instrument [Line Items]
Subordinated debt	5,155	5,155
Subordinated Note
Debt Instrument [Line Items]
Subordinated debt	34,602	34,568
Other Debentures
Debt Instrument [Line Items]
Subordinated debt	$ 4,000	$ 4,000

SUBORDINATED DEBT - Narrative (

SUBORDINATED DEBT - Narrative (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended
	May 31, 2020	Mar. 31, 2024	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		$ 45,819
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 | SOFR
Debt Instrument [Line Items]
Spread on variable rate		1.93%
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 | SOFR
Debt Instrument [Line Items]
Spread on variable rate		2.06%
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		$ 4,000
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 annual interest rate	1%
Subordinated debentures | Other Debentures Issued in December 2015 | Maximum
Debt Instrument [Line Items]
Stated annual interest rate	4%

SUBORDINATED DEBT - Schedule _2

SUBORDINATED DEBT - Schedule of Trusts (Details) $ in Thousands	Mar. 31, 2024 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 _3

SUBORDINATED DEBT - Schedule of Terms of Subordinated Debentures (Details) - Subordinated debentures $ in Thousands	3 Months Ended
	Mar. 31, 2024 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 _4

SUBORDINATED DEBT - Schedule of Principal Payments and Weighted Average Rates of Subordinated Debt (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
Long-Term Debt, Fiscal Year Maturity [Abstract]
Current Weighted Average Rate, 2024	3.74%
2025 - 2028	0%
Thereafter	4.27%
Total scheduled principal payments	$ 46,217
Unamortized debt issuance costs	(398)
Principal Due, 2024	4,000
Principal Due, 2025 - 2028	0
Thereafter	42,217
Principal payments	$ 45,819

EQUITY AWARDS - Narrative (Deta

EQUITY AWARDS - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Sep. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense	$ 1,256
Unrecognized compensation expense, period for recognition	2 years 11 months 26 days
Restricted Stock Awards | 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 | Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Contractual term			10 years
Share-based compensation expense	$ 138	$ 148
2015 Equity Incentive Plan | Employee Stock Option | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	5 years
2015 Equity Incentive Plan | Employee Stock 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, 2024	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Number of Shares
Outstanding at beginning of year (in shares)	465,680	497,820	497,820
Granted (in shares)	2,500	15,500
Exercised (in shares)	(3,300)	(8,800)
Forfeited (in shares)	(10,500)	(15,440)
Balance (in shares)	454,380	489,080	465,680	497,820
Exercisable
Outstanding (in shares)	294,880	281,500
Weighted-average exercise price (in USD per share)	$ 26.28	$ 25.57
Weighted-average remaining contractual life in years	3 years 9 months 7 days	4 years 3 months 3 days
Aggregate intrinsic value	$ 1,378	$ 850
Weighted-Average Exercise Price
Outstanding at beginning of year (in USD per share)	$ 28.12	$ 28.07	$ 28.07
Granted (in USD per share)	30.49	29.91
Exercised (in USD per share)	20.91	25.57
Forfeited (in USD per share)	34.84	30.42
Balance (in USD per share)	$ 28.03	$ 28.1	$ 28.12	$ 28.07
Weighted-Average Remaining Contractual Life in Years
Outstanding	5 years 2 months 12 days	5 years 9 months 7 days	5 years 5 months 15 days	5 years 10 months 13 days
Aggregate Intrinsic Value
Outstanding	$ 2,782	$ 3,402	$ 3,402
Outstanding	$ 1,632	$ 1,037	$ 2,782	$ 3,402

EQUITY AWARDS - Schedule of Non

EQUITY AWARDS - Schedule of Nonvested Stock Option Activity (Details) - $ / shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Number of Shares
Outstanding at beginning of year (in shares)	182,570	216,480
Granted (in shares)	2,500	15,500
Vested (in shares)	(17,170)	(18,200)
Forfeited (in shares)	(8,400)	(6,200)
Balance (in shares)	159,500	207,580
Weighted-Average Exercise Price
Outstanding at beginning of year (in USD per share)	$ 6.10	$ 5.95
Granted (in USD per share)	5.28	6.02
Vested (in USD per share)	5.53	5.62
Forfeited (in USD per share)	8.95	13.1
Balance (in USD per share)	$ 6.09	$ 5.99

EQUITY AWARDS - Information Rel

EQUITY AWARDS - Information Related to Stock Options Plan (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]
Intrinsic value of options exercised	$ 31	$ 22
Cash received from options exercised	$ 69	$ 225
Weighted average fair value of options granted (in USD per share)	$ 5.28	$ 6.02

EQUITY AWARDS - Summary of Rest

EQUITY AWARDS - Summary of Restricted Stock Awards and Units Activity (Details) - Restricted Stock Awards - $ / shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Number of Shares
Outstanding at beginning of year (in shares)	15,390	18,930
Granted (in shares)	2,388	1,474
Vested (in shares)	(3,511)	(2,970)
Forfeited (in shares)	(221)	(880)
Balance (in shares)	14,046	16,554
Weighted-Average Grant Date Fair Value
Outstanding at beginning of year	$ 28.87	$ 27.51
Granted	30.49	34.1
Vested	5.31	27.5
Forfeited	34.1	27.78
Balance	$ 29.14	$ 29.03

EMPLOYEE BENEFITS - Narrative (

EMPLOYEE BENEFITS - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
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	$ 455	$ 493
Employee stock ownership plan, shares held under plan (in shares)	1,020,417
Employee stock ownership plan, unallocated shares (in shares)	0
Cash surrender value of life insurance	$ 42,119		$ 42,348
Bonus expense	885	875
Executive Incentive Retirement Plan | Postretirement Life Insurance
Defined Benefit Plan Disclosure [Line Items]
Cash surrender value of life insurance	42,119		42,348
Plan cost	429	$ 360
Plan obligation	$ 6,640		$ 6,050
Defined Benefit Plan, Funding Status [Extensible Enumeration]	Defined Benefit Plan, Unfunded Plan [Member]	Defined Benefit Plan, Unfunded Plan [Member]	Defined Benefit Plan, Unfunded Plan [Member]

LEASES - Additional Information

LEASES - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Operating leases, option to extend	10 years
Operating lease right-of-use assets	$ 11,968		$ 12,485
Operating lease right-of-use liabilities	12,625		$ 13,128
Cash paid for operating leases	570	$ 563
Operating lease not yet commenced lease amount	$ 1,201
Operating lease not yet commenced lease term	10 years
Occupancy Expenses
Operating leases, rental expense	$ 584	$ 578
Minimum
Operating leases, remaining lease term	1 year
Maximum
Operating leases, remaining lease term	11 years

LEASES - Schedule of Summarizes

LEASES - Schedule of Summarizes Other Information Related to Operating Leases (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Operating leases
Operating lease right-of-use assets	$ 11,968	$ 12,485
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets	Other Assets
Operating lease liabilities	$ 12,625	$ 13,128
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Liabilities	Liabilities
Weighted average remaining lease term
Operating leases	7 years	7 years
Weighted average discount rate
Operating leases	2.28%	2.28%

LEASES - Schedule of Minimum Fu

LEASES - Schedule of Minimum Future Lease Payments Under Non-Cancelable Operating Leases (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Leases [Abstract]
2024	$ 1,717
2025	2,134
2026	1,897
2027	1,735
2028	1,688
Thereafter	3,856
Total lease payments	13,027
Less: interest	(402)
Present value of lease liabilities	$ 12,625	$ 13,128

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, 2024	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Income tax expense for the period	$ 1,722	$ 1,823
Effective tax rate	20.49%	18.05%

INCOME TAXES - Narrative (Detai

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

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Derivative [Line Items]
Interest expense	$ 17,165	$ 11,982

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Narrative (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Other Commitments [Line Items]
FHLB letters of credit	$ 5,000,000
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, 2024	Dec. 31, 2023
Commitments to extend credit
Other Commitments [Line Items]
Off-balance sheet liability	$ 310,054	$ 336,036
Letters of credit
Other Commitments [Line Items]
Off-balance sheet liability	$ 7,153	$ 7,536

REGULATORY MATTERS - Narrative

REGULATORY MATTERS - Narrative (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
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, 2024 USD ($)	Dec. 31, 2023 USD ($)
Total capital to risk-weighted assets:
Actual, Amount	$ 371,036	$ 367,526
Actual, Ratio	0.1558	0.1522
Minimum Required for Capital Adequacy Purposes, Amount	$ 190,577	$ 193,232
Minimum Required for Capital Adequacy Purposes, Ratio	0.08	0.08
Minimum Required Under Basel III (Including Buffer), Amount	$ 250,132	$ 253,617
Minimum Required Under Basel III (Including Buffer), Ratio	0.105	0.105
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 238,221	$ 241,540
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.10	0.10
Tier 1 capital to risk-weighted assets:
Actual, Amount	$ 306,647	$ 302,757
Actual, Ratio	0.1287	0.1253
Minimum Required for Capital Adequacy Purposes, Amount	$ 142,933	$ 144,924
Minimum Required for Capital Adequacy Purposes, Ratio	0.06	0.06
Minimum Required Under Basel III (Including Buffer), Amount	$ 202,488	$ 205,309
Minimum Required Under Basel III (Including Buffer), Ratio	0.085	0.085
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 142,933	$ 144,924
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.06	0.06
Tier 1 capital to average assets:
Actual, Amount	$ 306,647	$ 302,757
Actual, Ratio	0.0966	0.0947
Minimum Required for Capital Adequacy Purposes, Amount	$ 126,913	$ 127,878
Minimum Required for Capital Adequacy Purposes, Ratio	0.04	0.04
Minimum Required Under Basel III (Including Buffer), Amount	$ 126,913	$ 127,878
Minimum Required Under Basel III (Including Buffer), Ratio	0.04	0.04
Common equity tier 1 capital to risk-weighted assets:
Actual, Amount	$ 299,430	$ 295,540
Actual, Ratio	0.1257	0.1224
Minimum Required for Capital Adequacy Purposes, Amount	$ 107,200	$ 108,693
Minimum Required for Capital Adequacy Purposes, Ratio	4.50%	4.50%
Minimum Required Under Basel III (Including Buffer), Amount	$ 166,755	$ 169,078
Minimum Required Under Basel III (Including Buffer), Ratio	7%	7%
Bank
Total capital to risk-weighted assets:
Actual, Amount	$ 365,983	$ 373,778
Actual, Ratio	0.1537	0.1549
Minimum Required for Capital Adequacy Purposes, Amount	$ 190,459	$ 193,035
Minimum Required for Capital Adequacy Purposes, Ratio	0.08	0.08
Minimum Required Under Basel III (Including Buffer), Amount	$ 249,977	$ 253,359
Minimum Required Under Basel III (Including Buffer), Ratio	0.105	0.105
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 238,073	$ 241,294
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.10	0.10
Tier 1 capital to risk-weighted assets:
Actual, Amount	$ 336,214	$ 343,607
Actual, Ratio	0.1412	0.1424
Minimum Required for Capital Adequacy Purposes, Amount	$ 142,844	$ 144,777
Minimum Required for Capital Adequacy Purposes, Ratio	0.06	0.06
Minimum Required Under Basel III (Including Buffer), Amount	$ 202,362	$ 205,100
Minimum Required Under Basel III (Including Buffer), Ratio	0.085	0.085
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 190,459	$ 193,035
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.08	0.08
Tier 1 capital to average assets:
Actual, Amount	$ 336,214	$ 343,607
Actual, Ratio	0.1063	0.1078
Minimum Required for Capital Adequacy Purposes, Amount	$ 126,532	$ 127,531
Minimum Required for Capital Adequacy Purposes, Ratio	0.04	0.04
Minimum Required Under Basel III (Including Buffer), Amount	$ 126,532	$ 127,531
Minimum Required Under Basel III (Including Buffer), Ratio	0.04	0.04
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 158,165	$ 159,414
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.05	0.05
Common equity tier 1 capital to risk-weighted assets:
Actual, Amount	$ 336,214	$ 343,607
Actual, Ratio	0.1412	0.1424
Minimum Required for Capital Adequacy Purposes, Amount	$ 107,133	$ 108,582
Minimum Required for Capital Adequacy Purposes, Ratio	4.50%	4.50%
Minimum Required Under Basel III (Including Buffer), Amount	$ 166,651	$ 168,906
Minimum Required Under Basel III (Including Buffer), Ratio	7%	7%
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 154,748	$ 156,841
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 ($)	Mar. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	$ 228,787,000	$ 196,195,000
Cash surrender value of life insurance	42,119,000	42,348,000
Individually evaluated collateral dependent loans		14,527,000
Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually evaluated collateral dependent loans	2,148,577,000	2,187,669,000
Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	183,140,000	149,812,000
Collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	16,114,000	17,074,000
Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	2,473,000	2,504,000
Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	27,060,000	26,805,000
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	874,000	976,000
Cash surrender value of life insurance	42,119,000	42,348,000
SBA servicing assets	661,000	691,000
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	183,140,000	149,812,000
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	16,114,000	17,074,000
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	2,473,000	2,504,000
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	27,060,000	26,805,000
Assets at fair value on a nonrecurring basis: | Fair Value | Other Real Estate Owned
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned	14,900,000
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		14,527,000
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 | Other Real Estate Owned
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned	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
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	42,119,000	42,348,000
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	183,140,000	149,812,000
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	16,114,000	17,074,000
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	2,473,000	2,504,000
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	27,060,000	26,805,000
Significant Other Observable Inputs (Level 2) | Assets at fair value on a nonrecurring basis: | Fair Value | Other Real Estate Owned
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned	0
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
Significant Other Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale	874,000	976,000
Cash surrender value of life insurance	0	0
SBA servicing assets	661,000	691,000
Individually evaluated collateral dependent loans		14,527,000
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	2,148,577,000	2,187,669,000
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, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned	0
Significant Other Unobservable Inputs (Level 3) | Assets at fair value on a nonrecurring basis: | Fair Value | Other Real Estate Owned
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned	$ 14,900,000
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		$ 14,527,000

FAIR VALUE - Additional Informa

FAIR VALUE - Additional Information (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreclosed assets	$ 0	$ 0	$ 0
Individually evaluated collateral dependent loans	0
Assets at fair value on a nonrecurring basis: | Significant Other Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned	$ 0

FAIR VALUE - Schedule of Quanti

FAIR VALUE - Schedule of Quantitative Information About Nonrecurring Level 3 Fair Value Measurements (Details)	Mar. 31, 2024 USD ($)
Significant Other Unobservable Inputs (Level 3) | Assets at fair value on a nonrecurring basis:
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned	$ 0
Cost To Sell | Other Real Estate Owned | Appraisal Value of Collateral
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned, input (percent)	0.16
Cost To Sell | Significant Other Unobservable Inputs (Level 3) | Other Real Estate Owned | Appraisal Value of Collateral | Assets at fair value on a nonrecurring basis:
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned	$ 14,900,000

FAIR VALUE - Schedule of Indivi

FAIR VALUE - Schedule of Individually Evaluated Collateral Dependent Loans at Fair Value (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Individually evaluated collateral dependent loans	$ 14,527
Significant Other Unobservable Inputs (Level 3)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Individually evaluated collateral dependent loans	14,527
Commercial Real Estate
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Individually evaluated collateral dependent loans	14,527
Commercial Real Estate | Significant Other Unobservable Inputs (Level 3)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Individually evaluated collateral dependent loans	$ 14,527

FAIR VALUE - Schedule of Carryi

FAIR VALUE - Schedule of Carrying Amounts and Estimated Fair Value of Assets And Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Financial assets:
Loans, net		$ 14,527
Level 3 Inputs
Financial assets:
Loans, net		14,527
Reported Value Measurement
Financial assets:
Cash, due from banks, federal funds sold and interest-bearing deposits	$ 73,093	89,524
Marketable securities held to maturity	363,963	404,208
Loans, net	2,234,012	2,290,881
Accrued interest receivable	11,747	13,143
Nonmarketable equity securities	20,870	24,128
Financial liabilities:
Deposits	2,627,844	2,633,246
Securities sold under repurchase agreements	39,058	25,172
Accrued interest payable	5,588	5,272
Federal Home Loan Bank advances	75,000	140,000
Subordinated debt	45,819	45,785
Fair Value
Financial assets:
Cash, due from banks, federal funds sold and interest-bearing deposits	73,093	89,524
Marketable securities held to maturity	331,480	374,523
Loans, net	2,148,577	2,187,669
Accrued interest receivable	11,747	13,143
Nonmarketable equity securities	20,870	24,128
Financial liabilities:
Deposits	2,629,332	2,634,137
Securities sold under repurchase agreements	39,058	25,172
Accrued interest payable	5,588	5,272
Federal Home Loan Bank advances	74,981	139,963
Subordinated debt	46,304	46,433
Fair Value | Level 1 Inputs
Financial assets:
Cash, due from banks, federal funds sold and interest-bearing deposits	73,093	89,524
Marketable securities held to maturity	0	0
Loans, net	0	0
Accrued interest receivable	0	0
Nonmarketable equity securities	0	0
Financial liabilities:
Deposits	1,931,728	1,928,063
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	331,480	374,523
Loans, net	0	0
Accrued interest receivable	11,747	13,143
Nonmarketable equity securities	20,870	24,128
Financial liabilities:
Deposits	697,604	706,074
Securities sold under repurchase agreements	39,058	25,172
Accrued interest payable	5,588	5,272
Federal Home Loan Bank advances	74,981	139,963
Subordinated debt	46,304	46,433
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	2,148,577	2,187,669
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, 2024	Mar. 31, 2023
Earnings Per Share [Abstract]
Net loss attributable to noncontrolling interest	$ (7)	$ (4)

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, 2024	Mar. 31, 2023
Numerator:
Net earnings attributable to Guaranty Bancshares, Inc.	$ 6,688	$ 8,281
Denominator:
Weighted-average shares outstanding (basic)	11,539,167	11,939,593
Effect of dilutive securities:
Common stock equivalent shares from stock options	59,072	72,411
Weighted-average shares outstanding (diluted)	11,598,239	12,012,004
Net earnings attributable to Guaranty Bancshares, Inc. per share
Basic	$ 0.58	$ 0.69
Diluted	$ 0.58	$ 0.69