Guaranty Bancshares (GNTY) 10-Q 6 Nov 24 2024 Q3 Quarterly report Financial data

DOCUMENT AND ENTITY INFORMATION

DOCUMENT AND ENTITY INFORMATION - shares	9 Months Ended
	Sep. 30, 2024	Nov. 01, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
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		11,417,708
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 ($)	Sep. 30, 2024	Dec. 31, 2023
ASSETS
Cash and due from banks	$ 50,623,000	$ 47,744,000
Federal funds sold	108,350,000	36,575,000
Interest-bearing deposits	3,973,000	5,205,000
Total cash and cash equivalents	162,946,000	89,524,000
Securities available for sale	277,567,000	196,195,000
Securities held to maturity	341,911,000	404,208,000
Loans held for sale	770,000	976,000
Loans, net of allowance for credit losses of $28,543 and $30,920, respectively	2,107,597,000	2,290,881,000
Accrued interest receivable	10,927,000	13,143,000
Premises and equipment, net	56,964,000	57,018,000
Other real estate owned	15,184,000	0
Cash surrender value of life insurance	42,623,000	42,348,000
Core deposit intangible, net	1,100,000	1,418,000
Goodwill	32,160,000	32,160,000
Other assets	47,356,000	56,920,000
Total assets	3,097,105,000	3,184,791,000
Deposits
Noninterest-bearing	839,567,000	852,957,000
Interest-bearing	1,829,347,000	1,780,289,000
Total deposits	2,668,914,000	2,633,246,000
Securities sold under agreements to repurchase	31,164,000	25,172,000
Accrued interest and other liabilities	33,849,000	32,242,000
Line of credit	0	4,500,000
Federal Home Loan Bank advances	0	140,000,000
Subordinated debt, net	43,885,000	45,785,000
Total liabilities	2,777,812,000	2,880,945,000
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, 14,320,666 and 14,242,328 shares issued, and 11,408,908 and 11,540,644 shares outstanding, respectively	14,321,000	14,242,000
Additional paid-in capital	231,026,000	228,986,000
Retained earnings	170,148,000	156,878,000
Treasury stock, 2,911,758 and 2,701,684 shares, respectively, at cost	(77,750,000)	(71,484,000)
Accumulated other comprehensive loss	(18,961,000)	(25,322,000)
Equity attributable to Guaranty Bancshares, Inc.	318,784,000	303,300,000
Noncontrolling interest	509,000	546,000
Total equity	319,293,000	303,846,000
Total liabilities and equity	$ 3,097,105,000	$ 3,184,791,000

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Allowance for credit losses	$ 28,543	$ 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)	14,320,666	14,242,328
Common stock, shares outstanding (in shares)	11,408,908	11,540,644
Treasury Stock, Shares	2,911,758	2,701,684

CONSOLIDATED STATEMENTS OF EARN

CONSOLIDATED STATEMENTS OF EARNINGS (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Interest income
Loans, including fees	$ 34,615	$ 34,765	$ 105,115	$ 100,513
Securities
Taxable	3,645	2,906	10,370	8,561
Nontaxable	1,081	1,150	3,339	3,649
Nonmarketable equity securities	194	304	722	1,024
Federal funds sold and interest-bearing deposits	898	693	2,352	1,949
Total interest income	40,433	39,818	121,898	115,696
Interest expense
Deposits	15,243	13,069	44,526	30,670
FHLB advances and federal funds purchased	286	2,588	3,413	9,711
Subordinated debentures	506	534	1,534	1,609
Other borrowed money	207	325	767	539
Total interest expense	16,242	16,516	50,240	42,529
Net interest income	24,191	23,302	71,658	73,167
Reversal of provision for credit losses	(500)	0	(1,950)	0
Net interest income after reversal of provision for credit losses	24,691	23,302	73,608	73,167
Noninterest income
Service charges	1,165	1,131	3,332	3,264
Net realized loss on sales of securities available for sale	0	0	0	(229)
Net realized gain on sale of loans	252	218	751	1,005
Merchant and debit card fees	1,817	1,752	5,645	5,547
Other income	1,920	1,838	5,283	8,130
Total noninterest income	5,154	4,939	15,011	17,717
Noninterest expense
Employee compensation and benefits	11,586	11,944	35,746	36,147
Occupancy expenses	3,026	2,960	8,697	8,544
Other expenses	6,066	5,610	17,529	16,261
Total noninterest expense	20,678	20,514	61,972	60,952
Income before income taxes	9,167	7,727	26,647	29,932
Income tax provision	1,788	1,437	5,164	5,789
Net earnings	7,379	6,290	21,483	24,143
Net loss attributable to noncontrolling interest	18	7	37	16
Net earnings attributable to Guaranty Bancshares, Inc.	$ 7,397	$ 6,297	$ 21,520	$ 24,159
Basic earnings per share	$ 0.65	$ 0.54	$ 1.88	$ 2.06
Diluted earnings per share	$ 0.65	$ 0.54	$ 1.87	$ 2.05

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Net earnings	$ 7,379	$ 6,290	$ 21,483	$ 24,143
Unrealized gains (losses) on securities:
Unrealized holding gains (losses) arising during the period, net of tax	6,736	(2,659)	6,782	(4,518)
Reclassification adjustment for net losses included in net earnings, net of tax	0	0	0	181
Change in net unrealized loss on available for sale securities transferred to held to maturity, net of tax	(100)	(365)	(421)	(932)
Unrealized gains (losses) on securities, net of tax	6,636	(3,024)	6,361	(5,269)
Total other comprehensive income (loss)	6,636	(3,024)	6,361	(5,269)
Comprehensive income	14,015	3,266	27,844	18,874
Less comprehensive loss attributable to noncontrolling interest	18	7	37	16
Comprehensive income attributable to Guaranty Bancshares, Inc.	$ 14,033	$ 3,273	$ 27,881	$ 18,890

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	24,143			24,159			(16)
Other comprehensive loss	(5,269)					(5,269)
Exercise of stock options	516	21	495
Purchase of treasury stock	(10,539)				(10,539)
Restricted stock grants		1	(1)
Stock based compensation	445		445
Dividends: Common Stock	(8,070)			(8,070)
Ending Balance at Sep. 30, 2023	296,784	14,231	228,666	153,654	(70,796)	(29,529)	558
Beginning Balance at Jun. 30, 2023	297,427	14,218	228,241	150,015	(69,107)	(26,505)	565
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	6,290			6,297			(7)
Other comprehensive loss	(3,024)					(3,024)
Exercise of stock options	291	13	278
Purchase of treasury stock	(1,689)				(1,689)
Stock based compensation	147		147
Dividends: Common Stock	(2,658)			(2,658)
Ending Balance at Sep. 30, 2023	296,784	14,231	228,666	153,654	(70,796)	(29,529)	558
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	21,483			21,520			(37)
Other comprehensive loss	6,361					6,361
Exercise of stock options	1,710	77	1,633
Purchase of treasury stock	(6,266)				(6,266)
Restricted stock grants		2	(2)
Stock based compensation	409		409
Dividends: Common Stock	(8,250)			(8,250)
Ending Balance at Sep. 30, 2024	319,293	14,321	231,026	170,148	(77,750)	(18,961)	509
Beginning Balance at Jun. 30, 2024	308,570	14,269	229,793	165,489	(75,911)	(25,597)	527
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	7,379			7,397			(18)
Other comprehensive loss	6,636					6,636
Exercise of stock options	1,146	52	1,094
Purchase of treasury stock	(1,839)				(1,839)
Stock based compensation	139		139
Dividends: Common Stock	(2,738)			(2,738)
Ending Balance at Sep. 30, 2024	$ 319,293	$ 14,321	$ 231,026	$ 170,148	$ (77,750)	$ (18,961)	$ 509

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Unaudited) (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Stockholders' Equity [Abstract]
Common stock dividends (in USD per share)	$ 0.24	$ 0.23	$ 0.72	$ 0.69

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities
Net earnings	$ 21,483	$ 24,143
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation	3,084	3,036
Amortization	527	556
Deferred taxes	428	(1,157)
Premium amortization, net of discount accretion	1,219	1,613
Net realized loss on sales of securities available for sale	0	229
Gain on sale of loans	(751)	(1,005)
Reversal of provision for credit losses	(1,950)	0
Origination of loans held for sale	(24,784)	(32,719)
Proceeds from loans held for sale	25,741	34,374
Write-down of other real estate and repossessed assets	923	0
Net gain on sale of premises, equipment, other real estate owned and other assets	(47)	(2,944)
Stock based compensation	409	445
Net change in accrued interest receivable and other assets	9,086	(21,196)
Net change in accrued interest payable and other liabilities	1,523	2,778
Net cash provided by operating activities	36,891	8,153
Securities available for sale:
Purchases	(1,493,974)	(1,404,235)
Proceeds from Sales	0	21,268
Proceeds from maturities and principal repayments	1,420,794	1,386,666
Securities held to maturity:
Proceeds from maturities and principal repayments	61,050	99,020
Net repayments of loans	168,942	58,082
Purchases of premises and equipment	(3,133)	(5,464)
Proceeds from sale of premises, equipment, other real estate owned and other assets	414	3,498
Net cash provided by investing activities	154,093	158,835
Cash flows from financing activities
Net change in deposits	35,668	(22,861)
Net change in securities sold under agreements to repurchase	5,992	12,145
Proceeds from FHLB advances	1,395,000	2,480,000
Repayment of FHLB advances	(1,535,000)	(2,595,000)
Proceeds from line of credit	3,000	15,000
Repayment of line of credit	(7,500)	(13,000)
Repayments of debentures	(2,000)	(1,500)
Purchase of treasury stock	(6,266)	(10,539)
Exercise of stock options	1,710	516
Cash dividends paid	(8,166)	(8,039)
Net cash used in financing activities	(117,562)	(143,278)
Net change in cash and cash equivalents	73,422	23,710
Cash and cash equivalents at beginning of period	89,524	106,467
Cash and cash equivalents at end of period	162,946	130,177
Supplemental disclosures of cash flow information
Interest paid	49,637	39,832
Income taxes paid	4,225	6,580
Supplemental schedule of noncash investing and financing activities
Cash dividends accrued	2,738	2,658
Lease right of use assets obtained in exchange for lease liabilities	1,205	568
Transfer of loans to other real estate owned and repossessed assets	$ 16,292	$ 0

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 7,397	$ 6,297	$ 21,520	$ 24,159

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 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	9 Months Ended
	Sep. 30, 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, savings 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 seven 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 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	9 Months Ended
	Sep. 30, 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 September 30, 2024 and December 31, 2023 and the corresponding amounts of gross unrealized gains and losses: September 30, 2024 Amortized Gross Gross Estimated Available for sale: Treasury securities $ 14,968 $ 3 $ 4 $ 14,967 Corporate bonds 27,823 — 1,823 26,000 Municipal securities 2,319 122 — 2,441 Mortgage-backed securities 227,136 3,202 10,904 219,434 Collateralized mortgage obligations 15,921 11 1,207 14,725 Total available for sale $ 288,167 $ 3,338 $ 13,938 $ 277,567 Held to maturity: U.S. government agencies $ 9,410 $ — $ 736 $ 8,674 Treasury securities 29,768 — 263 29,505 Municipal securities 156,506 578 5,538 151,546 Mortgage-backed securities 111,767 — 10,945 100,822 Collateralized mortgage obligations 34,460 — 5,694 28,766 Total held to maturity $ 341,911 $ 578 $ 23,176 $ 319,313 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. 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 $ 7,385 at September 30, 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. Information pertaining to securities available for sale with gross unrealized losses as of September 30, 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 September 30, 2024 Gross Estimated Gross Estimated Gross Estimated Available for sale: Treasury securities $ ( 4 ) $ 9,881 $ — $ — $ ( 4 ) $ 9,881 Corporate bonds — — ( 1,823 ) 26,000 ( 1,823 ) 26,000 Mortgage-backed securities ( 233 ) 3,051 ( 10,671 ) 105,788 ( 10,904 ) 108,839 Collateralized mortgage obligations — — ( 1,207 ) 12,157 ( 1,207 ) 12,157 Total available for sale $ ( 237 ) $ 12,932 $ ( 13,701 ) $ 143,945 $ ( 13,938 ) $ 156,877 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 231 investments in an unrealized loss position at September 30, 2024, of which 74 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 treasury securities, 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 September 30, 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 September 30, 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, there is no allowance for credit losses recorded for our available for sale or held to maturity debt securities as of September 30, 2024 or December 31, 2023. As of September 30, 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 $ 301,245 and $ 317,112 at September 30, 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 Nine Months Ended 2024 2023 2024 2023 Proceeds from sales $ — $ — $ — $ 21,268 Gross gains — — — 184 Gross losses — — — ( 413 ) The contractual maturities at September 30, 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 September 30, 2024 Amortized Estimated Amortized Estimated Due within one year $ 10,462 $ 10,426 $ 34,512 $ 34,241 Due after one year through five years 12,032 11,951 41,115 39,991 Due after five years through ten years 22,616 21,031 89,580 87,178 Due after ten years — — 30,477 28,315 Mortgage-backed securities 227,136 219,434 111,767 100,822 Collateralized mortgage obligations 15,921 14,725 34,460 28,766 Total securities $ 288,167 $ 277,567 $ 341,911 $ 319,313

LOANS AND ALLOWANCE FOR CREDIT

LOANS AND ALLOWANCE FOR CREDIT LOSSES	9 Months Ended
	Sep. 30, 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: September 30, 2024 December 31, 2023 Commercial and industrial $ 245,738 $ 287,565 Real estate: Construction and development 213,014 296,639 Commercial real estate 866,112 923,195 Farmland 169,116 186,295 1-4 family residential 524,245 514,603 Multi-family residential 54,158 44,292 Consumer 52,530 57,059 Agricultural 11,293 12,685 Overdrafts 331 243 Total loans 2,136,537 2,322,576 Net of: Deferred loan fees, net ( 397 ) ( 775 ) Allowance for credit losses ( 28,543 ) ( 30,920 ) Total net loans (1) $ 2,107,597 $ 2,290,881 (1) Excludes accrued interest receivable on loans of $ 8.2 million and $ 9.5 million as of September 30, 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 nine months ended September 30, 2024, for the year ended December 31, 2023 and for the nine months ended September 30, 2023: For the Nine 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 (Reversal of) provision for credit losses ( 546 ) ( 1,089 ) ( 84 ) ( 246 ) ( 74 ) 23 ( 38 ) ( 17 ) 121 ( 1,950 ) Loans charged-off ( 436 ) — — — — — ( 99 ) — ( 162 ) ( 697 ) Recoveries 192 — — — — — 33 3 42 270 Ending balance $ 2,929 $ 2,534 $ 12,173 $ 1,985 $ 7,396 $ 544 $ 841 $ 138 $ 3 $ 28,543 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 Nine 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 ( 186 ) ( 1,257 ) 701 111 161 ( 19 ) 309 ( 7 ) 187 — Loans charged-off ( 392 ) — ( 266 ) — — — ( 72 ) ( 3 ) ( 229 ) ( 962 ) Recoveries 19 — — — — — 65 2 42 128 Ending balance $ 3,823 $ 3,632 $ 13,093 $ 2,119 $ 6,778 $ 471 $ 1,080 $ 141 $ 3 $ 31,140 We recorded a reverse provision for credit losses of $ 500,000 during the third quarter of 2024, and $ 1.2 million and $ 250,000 during the second and first quarters of 2024, respectively. Our gross loan balances decreased by $ 78.5 million during the third quarter and by $ 186.0 million year to date, while overall credit quality trends and economic forecast assumptions remained relatively stable. 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 September 30, 2024: September 30, 2024 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Total Commercial and industrial: Pass $ 24,964 $ 32,007 $ 55,164 $ 30,739 $ 10,735 $ 17,113 $ 73,246 $ 243,968 Special mention — — — 67 — 468 — 535 Substandard 37 333 228 — 141 99 10 848 Nonaccrual 18 28 121 38 32 53 97 387 Total commercial and industrial loans $ 25,019 $ 32,368 $ 55,513 $ 30,844 $ 10,908 $ 17,733 $ 73,353 $ 245,738 Charge-offs $ — $ ( 7 ) $ ( 7 ) $ — $ ( 216 ) $ — $ ( 206 ) $ ( 436 ) Recoveries — 17 — — — 175 — 192 Current period net $ — $ 10 $ ( 7 ) $ — $ ( 216 ) $ 175 $ ( 206 ) $ ( 244 ) Construction and development: Pass $ 48,828 $ 47,698 $ 47,709 $ 40,141 $ 6,638 $ 17,315 $ 879 $ 209,208 Special mention — — 3,733 — — — — 3,733 Substandard — — — — — — — — Nonaccrual 73 — — — — — — 73 Total construction and development loans $ 48,901 $ 47,698 $ 51,442 $ 40,141 $ 6,638 $ 17,315 $ 879 $ 213,014 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — Commercial real estate: Pass $ 31,573 $ 47,160 $ 333,312 $ 123,600 $ 76,560 $ 201,007 $ 14,973 $ 828,185 Special mention — — 13,484 9,459 — 3,608 — 26,551 Substandard — — 10,957 — — 28 — 10,985 Nonaccrual — — 322 — — 69 — 391 Total commercial real estate loans $ 31,573 $ 47,160 $ 358,075 $ 133,059 $ 76,560 $ 204,712 $ 14,973 $ 866,112 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — September 30, 2024 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Total Farmland: Pass $ 10,344 $ 19,677 $ 63,119 $ 42,864 $ 7,523 $ 17,430 $ 5,241 $ 166,198 Special mention — 1,686 — — — — — 1,686 Substandard — — — 40 100 211 — 351 Nonaccrual — — — 278 — 603 — 881 Total farmland loans $ 10,344 $ 21,363 $ 63,119 $ 43,182 $ 7,623 $ 18,244 $ 5,241 $ 169,116 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — 1-4 family residential: Pass $ 49,250 $ 60,487 $ 132,125 $ 110,915 $ 39,020 $ 106,074 $ 22,927 $ 520,798 Special mention — — — — — 435 — 435 Substandard — — — — — — — — Nonaccrual — 341 140 66 64 2,241 160 3,012 Total 1-4 family residential loans $ 49,250 $ 60,828 $ 132,265 $ 110,981 $ 39,084 $ 108,750 $ 23,087 $ 524,245 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — Multi-family residential: Pass $ 1,016 $ 1,768 $ 32,438 $ 14,822 $ 1,341 $ 2,762 $ 11 $ 54,158 Special mention — — — — — — — — Substandard — — — — — — — — Nonaccrual — — — — — — — — Total multi-family residential loans $ 1,016 $ 1,768 $ 32,438 $ 14,822 $ 1,341 $ 2,762 $ 11 $ 54,158 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — September 30, 2024 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Total Consumer and overdrafts: Pass $ 18,220 $ 15,246 $ 8,273 $ 3,465 $ 1,394 $ 2,245 $ 3,801 $ 52,644 Special mention 4 — — — — 3 — 7 Substandard — — — — — — — — Nonaccrual — 84 76 14 19 17 — 210 Total consumer loans and overdrafts $ 18,224 $ 15,330 $ 8,349 $ 3,479 $ 1,413 $ 2,265 $ 3,801 $ 52,861 Charge-offs $ ( 172 ) $ ( 42 ) $ ( 38 ) $ — $ — $ ( 9 ) $ — $ ( 261 ) Recoveries 42 — — 14 3 16 — 75 Current period net $ ( 130 ) $ ( 42 ) $ ( 38 ) $ 14 $ 3 $ 7 $ — $ ( 186 ) Agricultural: Pass $ 2,000 $ 1,160 $ 1,342 $ 705 $ 413 $ 671 $ 4,775 $ 11,066 Special mention — — — — — — — — Substandard — — — — — 86 — 86 Nonaccrual — — 50 — — 91 — 141 Total agricultural loans $ 2,000 $ 1,160 $ 1,392 $ 705 $ 413 $ 848 $ 4,775 $ 11,293 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — 3 — 3 Current period net $ — $ — $ — $ — $ — $ 3 $ — $ 3 Total loans: Pass $ 186,195 $ 225,203 $ 673,482 $ 367,251 $ 143,624 $ 364,617 $ 125,853 $ 2,086,225 Special mention 4 1,686 17,217 9,526 — 4,514 — 32,947 Substandard 37 333 11,185 40 241 424 10 12,270 Nonaccrual 91 453 709 396 115 3,074 257 5,095 Total loans $ 186,327 $ 227,675 $ 702,593 $ 377,213 $ 143,980 $ 372,629 $ 126,120 $ 2,136,537 Charge-offs $ ( 172 ) $ ( 49 ) $ ( 45 ) $ — $ ( 216 ) $ ( 9 ) $ ( 206 ) $ ( 697 ) Recoveries 42 17 — 14 3 194 — 270 Total current period net (charge-offs) recoveries $ ( 130 ) $ ( 32 ) $ ( 45 ) $ 14 $ ( 213 ) $ 185 $ ( 206 ) $ ( 427 ) 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 September 30, 2024 or December 31, 2023. There were no individually evaluated collateral-dependent loans within the ACL model as of September 30, 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: 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: September 30, 2024 30 to 59 Days 60 to 89 Days 90 Days Total Current Total Recorded Commercial and industrial $ 470 $ 51 $ 163 $ 684 $ 245,054 $ 245,738 $ — Real estate: Construction and 2,921 — 73 2,994 210,020 213,014 — Commercial real 140 199 — 339 865,773 866,112 — Farmland — 141 314 455 168,661 169,116 — 1-4 family residential 2,407 555 1,600 4,562 519,683 524,245 — Multi-family residential — — — — 54,158 54,158 — Consumer 301 61 118 480 52,050 52,530 — Agricultural 20 — 21 41 11,252 11,293 — Overdrafts — — — — 331 331 — Total $ 6,259 $ 1,007 $ 2,289 $ 9,555 $ 2,126,982 $ 2,136,537 $ — 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: September 30, 2024 December 31, 2023 Commercial and industrial $ 387 $ 1,777 Real estate: Construction and development 73 117 Commercial real estate 391 132 Farmland 881 164 1-4 family residential 3,012 2,793 Consumer and overdrafts 210 250 Agricultural 141 359 Total $ 5,095 $ 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 September 30, 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 nine months ended September 30, 2024 and 2023. For the Nine Months Ended Term Interest Rate Total Class of Financing Receivable Commercial and industrial $ 58 $ 11 0.03 % Agricultural — 102 0.90 % Total loans $ 58 $ 113 0.01 % For the Nine Months Ended Term Interest Rate Total Class of Financing Receivable 1-4 family residential $ 58 $ — 0.01 % Consumer 14 — 0.02 % Total loans $ 72 $ — 0.00 % The following tables present the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty during the nine months ended September 30, 2024 and 2023: For the Nine Months Ended Term Extension Financial Effect Commercial and industrial Amortization period was reduced by a weighted-average period of 0.67 years. Interest Rate Reduction Financial Effect Commercial and industrial Reduced weighted-average contractual interest rate from 8.5 % to 0.0 %. Agricultural Reduced weighted-average contractual interest rate from 8.5 % to 0.0 %. For the Nine Months Ended Term Extension Financial Effect 1-4 family residential Amortization period was extended by a weighted-average period of 5.00 years. Consumer Amortization period was extended by a weighted-average period of 0.26 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 September 30, 2024: Current 30 to 89 Days 90 Days Commercial and industrial $ 53 $ — $ — Agricultural 102 — — Total loans $ 155 $ — $ — As of September 30, 2024, the Company did not have any loans made to borrowers experiencing financial difficulty that were modified during the nine months ended September 30, 2024 and 2023 t hat subsequently defaulted.

SECURITIES SOLD UNDER AGREEMENT

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER DEBT	9 Months Ended
	Sep. 30, 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 $ 31,164 and $ 25,172 as of September 30, 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 September 30, 2024 and a $ 4,500 outstanding balance at December 31, 2023 , bears interest at the greater of (i) the prime rate , which was 8.00 % at September 30, 2024, or (ii) the rate floor of 3.50 %, with interest payable quarterly, and matures in March 2025. The Company also maintains two federal funds lines of credit with commercial banks that provide for the availability to borrow up to an aggregate $ 75,000 in federal funds for short term contingent funding if necessary, of which the rate is agreed upon at the time of each advance. There were no funds under these lines of credit outstanding as of September 30, 2024 and December 31, 2023. Federal Home Loan Bank (FHLB) advances bear interest based on a fixed or variable rate, payable monthly, with all principal due at maturity. There were no outstanding FHLB advances as of September 30, 2024 .

SUBORDINATED DEBT

SUBORDINATED DEBT	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
SUBORDINATED DEBT	NOTE 5 - SUBORDINATED DEBT Subordinated debt was made up of the following as of: September 30, 2024 December 31, 2023 Trust III Debentures $ 2,062 $ 2,062 DCB Trust I Debentures 5,155 5,155 Subordinated note 34,668 34,568 Other debentures 2,000 4,000 $ 43,885 $ 45,785 As of September 30, 2024 , the Company has two active trusts, Guaranty (TX) Capital Trust III (“Trust III”) and DCB Financial Trust I (“DCB Trust I” and together with Trust III, the "Trusts"). Upon formation, the Trusts issued trust preferred 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 issued common securities to the Company. The Trusts invested the proceeds of the sales of their securities in junior subordinated debentures issued by the Company (“Debentures”). The Debentures mature approximately 30 years after the issuance 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 Issuance 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 September 30, 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 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 Debentures issued by the Company to the Trusts are shown as liabilities in the consolidated balance sheets and interest expense associated with the 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 $ 2,000 remains outstanding as of September 30, 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 4.00 % $ 2,000 Thereafter 4.26 % 42,217 Total scheduled principal payments 44,217 Unamortized debt issuance costs ( 332 ) $ 43,885

EQUITY AWARDS

EQUITY AWARDS	9 Months Ended
	Sep. 30, 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 nine months ended September 30, 2024 and 2023 follows: Nine Months Ended September 30, 2024 Number of Weighted- Weighted- Aggregate Outstanding at beginning of year 465,680 $ 28.12 5.46 $ 2,782 Granted 59,000 28.86 Exercised ( 76,350 ) 22.38 Forfeited ( 31,900 ) 32.14 Balance, September 30, 2024 416,430 $ 28.96 5.94 $ 2,380 Exercisable at end of period 230,390 $ 27.67 4.32 $ 1,591 Nine Months Ended September 30, 2023 Number of Weighted- Weighted- Aggregate Outstanding at beginning of year 497,820 $ 28.07 5.87 $ 3,402 Granted 41,500 28.44 Exercised ( 21,440 ) 24.05 Forfeited ( 48,450 ) 30.62 Balance, September 30, 2023 469,430 $ 28.02 5.53 $ 1,228 Exercisable at end of period 268,030 $ 25.87 3.96 $ 956 A summary of nonvested stock option activity in the Plan during the nine months ended September 30, 2024 and 2023 follows: Nine Months Ended September 30, 2024 Number of Weighted-Average Nonvested at beginning of year 182,570 $ 6.10 Granted 59,000 6.36 Vested ( 33,430 ) 5.69 Forfeited ( 22,100 ) 9.05 Balance, September 30, 2024 186,040 $ 6.21 Nine Months Ended September 30, 2023 Number of Weighted-Average Nonvested at beginning of year 216,480 $ 5.95 Granted 41,500 5.82 Vested ( 35,860 ) 5.82 Forfeited ( 20,720 ) 12.41 Balance, September 30, 2023 201,400 $ 5.95 Information related to stock options in the Plan is as follows for the nine months ended: September 30, 2024 September 30, 2023 Intrinsic value of options exercised $ 916 $ 99 Cash received from options exercised 1,710 516 Weighted average fair value of options granted 6.36 5.82 Restricted Stock Awards A summary of restricted stock activity in the Plan during the nine months ended September 30, 2024 and 2023 follows: Nine Months Ended September 30, 2024 Number of Weighted-Average Nonvested at beginning of year 15,390 $ 28.87 Granted 2,388 30.49 Vested ( 4,211 ) 29.28 Forfeited ( 400 ) 32.94 Balance, September 30, 2024 13,167 $ 28.90 Nine Months Ended September 30, 2023 Number of Weighted-Average Nonvested at beginning of year 18,930 $ 27.51 Granted 2,056 34.10 Vested ( 3,670 ) 28.57 Forfeited ( 1,076 ) 28.93 Balance, September 30, 2023 16,240 $ 28.02 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 September 30, 2024, there was $ 1,259 of total unrecognized compensation expense related to nonvested stock options granted under the Plan. The expense is expected to be recognized over a weighted-average period of 3.04 years. The Company granted options under the Plan during the first nine months of 2024 and 2023. Expense of $ 409 and $ 445 was recorded during the nine months ended September 30, 2024 and 2023 , respectively, which represents the fair value of shares, restricted stock and stock options vested during those periods.

EMPLOYEE BENEFITS

EMPLOYEE BENEFITS	9 Months Ended
	Sep. 30, 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 KSOP 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 nine months ended September 30, 2024 and 2023 totaled $ 1,243 and $ 1,258 , 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 September 30, 2024, the number of shares held by the KSOP was 902,977 . There were no unallocated shares to plan participants as of September 30, 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 $ 42,623 and $ 42,348 as of September 30, 2024 and December 31, 2023, respectively. Expense related to these plans totaled $ 714 and $ 764 for the nine months ended September 30, 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 $ 6,693 and $ 6,050 as of September 30, 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 nine months ended September 30, 2024 and 2023 totaled $ 2,395 and $ 2,877 , respectively. This expense is included in employee compensation and benefits on the consolidated statements of earnings.

LEASES

LEASES	9 Months Ended
	Sep. 30, 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 September 30, 2024, operating lease right-of-use assets were $ 12,167 and liabilities were $ 12,833 , 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 $ 1,738 and $ 1,691 for the nine months ended September 30, 2024 and 2023, respectively. Operating lease expense for operating leases accounted for under ASC 842 for the nine months ended September 30, 2024 and 2023 was approximately $ 1,762 and $ 1,724 , 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: September 30, 2024 December 31, 2023 Operating leases Operating lease right-of-use assets $ 12,167 $ 12,485 Operating lease liabilities 12,833 13,128 Weighted average remaining lease term Operating leases 7 years 7 years Weighted average discount rate Operating leases 2.44 % 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 September 30, 2024, are as follows: Year Ended December 31, Amount 2024 $ 605 2025 2,303 2026 2,068 2027 1,906 2028 1,859 Thereafter 4,569 Total lease payments 13,310 Less: interest ( 477 ) Present value of lease liabilities $ 12,833

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 9 - INCOME TAXES Income tax expense was as follows for: Three Months Ended Nine Months Ended 2024 2023 2024 2023 Income tax expense for the period $ 1,788 $ 1,437 $ 5,164 $ 5,789 Effective tax rate 19.50 % 18.60 % 19.38 % 19.34 % The eff ective tax rates differ from the statutory federal tax rate of 21 % for the three and nine months ended September 30, 2024 and 2023 largely due to tax exempt interest income earned on certain investment securities and loans.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 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 September 30, 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 September 30, 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 September 30, 2024 December 31, 2023 Commitments to extend credit $ 302,337 $ 336,036 Letters of credit 9,578 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 September 30, 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	9 Months Ended
	Sep. 30, 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 September 30, 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 September 30, 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 September 30, 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 September 30, 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 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 September 30, 2024 Total capital to risk-weighted assets: Consolidated $ 375,097 16.59 % $ 180,892 8.00 % $ 237,421 10.50 % $ 226,115 10.00 % Bank 370,734 16.41 % 180,727 8.00 % 237,204 10.50 % 225,908 10.00 % Tier 1 capital to risk-weighted assets: Consolidated 312,161 13.81 % 135,669 6.00 % 192,198 8.50 % 135,669 6.00 % Bank 342,492 15.16 % 135,545 6.00 % 192,022 8.50 % 180,727 8.00 % Tier 1 capital to average assets: (1) Consolidated 312,161 10.21 % 122,241 4.00 % 122,241 4.00 % n/a Bank 342,492 11.24 % 121,853 4.00 % 121,853 4.00 % 152,317 5.00 % Common equity tier 1 capital to risk-weighted assets: Consolidated 304,944 13.49 % 101,752 4.50 % 158,280 7.00 % n/a Bank 342,492 15.16 % 101,659 4.50 % 158,136 7.00 % 146,840 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	9 Months Ended
	Sep. 30, 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: September 30, 2024 Fair Value Quoted Significant Significant Assets at fair value on a recurring basis: Available for sale securities: Treasury securities $ 14,967 $ — $ 14,967 $ — Mortgage-backed securities 219,434 — 219,434 — Collateralized mortgage obligations 14,725 — 14,725 — Municipal securities 2,441 — 2,441 — Corporate bonds 26,000 — 26,000 — Loans held for sale 770 — — 770 Cash surrender value of life insurance 42,623 — 42,623 — SBA servicing assets 535 — — 535 Assets at fair value on a nonrecurring basis: Other real estate owned 15,184 — — 15,184 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 nine months ended September 30, 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. The following table presents foreclosed assets that were remeasured and recorded at fair value as of September 30, 2024. There were no foreclosed assets that were remeasured and recorded at fair value as of December 31, 2023 or September 30, 2023. September 30, Other real estate owned remeasured subsequent to initial recognition: Carrying value of other real estate owned prior to remeasurement $ 14,900 Write-downs included in collection and other real estate owned expense ( 900 ) Fair value of other real estate owned remeasured subsequent to initial recognition $ 14,000 The following tables present quantitative information about nonrecurring Level 3 fair value measurements as of September 30, 2024 and December 31, 2023. September 30, 2024 Fair Value Valuation Unobservable Input(s) Range Other real estate owned $ 14,000 Income approach Capitalization rate 6.50 % Other real estate owned $ 1,184 Market approach Appraised value less selling costs 26.00 % December 31, 2023 Fair Value Valuation Unobservable Input(s) Range Individually evaluated collateral dependent loans $ 14,527 Income approach Capitalization rate 6.50 % 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 September 30, 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 September 30, 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 $ 162,946 $ 162,946 $ — $ — $ 162,946 Marketable securities held to maturity 341,911 — 319,313 — 319,313 Loans, net 2,107,597 — — 2,048,172 2,048,172 Accrued interest receivable 10,927 — 10,927 — 10,927 Nonmarketable equity securities 18,148 — 18,148 — 18,148 Financial liabilities: Deposits $ 2,668,914 $ 1,917,016 $ 758,329 $ — $ 2,675,345 Securities sold under repurchase agreements 31,164 — 31,164 — 31,164 Accrued interest payable 5,875 — 5,875 — 5,875 Federal Home Loan Bank advances — — — — — Subordinated debt 43,885 — 44,486 — 44,486 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	9 Months Ended
	Sep. 30, 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 and nine months ended September 30, 2024 and 2023 were $ 18 and $ 7 , and $ 37 and $ 16 , 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 Nine Months Ended 2024 2023 2024 2023 Numerator: Net earnings attributable to Guaranty Bancshares, Inc. $ 7,397 $ 6,297 $ 21,520 $ 24,159 Denominator: Weighted-average shares outstanding (basic) 11,383,027 11,568,897 11,468,117 11,746,630 Effect of dilutive securities: Common stock equivalent shares from stock options 60,297 50,445 43,701 44,573 Weighted-average shares outstanding (diluted) 11,443,324 11,619,342 11,511,818 11,791,204 Net earnings attributable to Guaranty Bancshares, Inc. per share Basic $ 0.65 $ 0.54 $ 1.88 $ 2.06 Diluted $ 0.65 $ 0.54 $ 1.87 $ 2.05

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 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, savings 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 seven 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 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)	9 Months Ended
	Sep. 30, 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 September 30, 2024 and December 31, 2023 and the corresponding amounts of gross unrealized gains and losses: September 30, 2024 Amortized Gross Gross Estimated Available for sale: Treasury securities $ 14,968 $ 3 $ 4 $ 14,967 Corporate bonds 27,823 — 1,823 26,000 Municipal securities 2,319 122 — 2,441 Mortgage-backed securities 227,136 3,202 10,904 219,434 Collateralized mortgage obligations 15,921 11 1,207 14,725 Total available for sale $ 288,167 $ 3,338 $ 13,938 $ 277,567 Held to maturity: U.S. government agencies $ 9,410 $ — $ 736 $ 8,674 Treasury securities 29,768 — 263 29,505 Municipal securities 156,506 578 5,538 151,546 Mortgage-backed securities 111,767 — 10,945 100,822 Collateralized mortgage obligations 34,460 — 5,694 28,766 Total held to maturity $ 341,911 $ 578 $ 23,176 $ 319,313 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 available for sale with gross unrealized losses as of September 30, 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 September 30, 2024 Gross Estimated Gross Estimated Gross Estimated Available for sale: Treasury securities $ ( 4 ) $ 9,881 $ — $ — $ ( 4 ) $ 9,881 Corporate bonds — — ( 1,823 ) 26,000 ( 1,823 ) 26,000 Mortgage-backed securities ( 233 ) 3,051 ( 10,671 ) 105,788 ( 10,904 ) 108,839 Collateralized mortgage obligations — — ( 1,207 ) 12,157 ( 1,207 ) 12,157 Total available for sale $ ( 237 ) $ 12,932 $ ( 13,701 ) $ 143,945 $ ( 13,938 ) $ 156,877 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 Nine Months Ended 2024 2023 2024 2023 Proceeds from sales $ — $ — $ — $ 21,268 Gross gains — — — 184 Gross losses — — — ( 413 )
Investments Classified by Contractual Maturity Date	The contractual maturities at September 30, 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 September 30, 2024 Amortized Estimated Amortized Estimated Due within one year $ 10,462 $ 10,426 $ 34,512 $ 34,241 Due after one year through five years 12,032 11,951 41,115 39,991 Due after five years through ten years 22,616 21,031 89,580 87,178 Due after ten years — — 30,477 28,315 Mortgage-backed securities 227,136 219,434 111,767 100,822 Collateralized mortgage obligations 15,921 14,725 34,460 28,766 Total securities $ 288,167 $ 277,567 $ 341,911 $ 319,313

LOANS AND ALLOWANCE FOR CREDI_2

LOANS AND ALLOWANCE FOR CREDIT LOSSES (Tables)	9 Months Ended
	Sep. 30, 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: September 30, 2024 December 31, 2023 Commercial and industrial $ 245,738 $ 287,565 Real estate: Construction and development 213,014 296,639 Commercial real estate 866,112 923,195 Farmland 169,116 186,295 1-4 family residential 524,245 514,603 Multi-family residential 54,158 44,292 Consumer 52,530 57,059 Agricultural 11,293 12,685 Overdrafts 331 243 Total loans 2,136,537 2,322,576 Net of: Deferred loan fees, net ( 397 ) ( 775 ) Allowance for credit losses ( 28,543 ) ( 30,920 ) Total net loans (1) $ 2,107,597 $ 2,290,881 (1) Excludes accrued interest receivable on loans of $ 8.2 million and $ 9.5 million as of September 30, 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 nine months ended September 30, 2024, for the year ended December 31, 2023 and for the nine months ended September 30, 2023: For the Nine 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 (Reversal of) provision for credit losses ( 546 ) ( 1,089 ) ( 84 ) ( 246 ) ( 74 ) 23 ( 38 ) ( 17 ) 121 ( 1,950 ) Loans charged-off ( 436 ) — — — — — ( 99 ) — ( 162 ) ( 697 ) Recoveries 192 — — — — — 33 3 42 270 Ending balance $ 2,929 $ 2,534 $ 12,173 $ 1,985 $ 7,396 $ 544 $ 841 $ 138 $ 3 $ 28,543 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 Nine 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 ( 186 ) ( 1,257 ) 701 111 161 ( 19 ) 309 ( 7 ) 187 — Loans charged-off ( 392 ) — ( 266 ) — — — ( 72 ) ( 3 ) ( 229 ) ( 962 ) Recoveries 19 — — — — — 65 2 42 128 Ending balance $ 3,823 $ 3,632 $ 13,093 $ 2,119 $ 6,778 $ 471 $ 1,080 $ 141 $ 3 $ 31,140
Summary of Credit Exposure	The following table summarizes the credit exposure in the Company’s loan portfolio, by year of origination, as of September 30, 2024: September 30, 2024 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Total Commercial and industrial: Pass $ 24,964 $ 32,007 $ 55,164 $ 30,739 $ 10,735 $ 17,113 $ 73,246 $ 243,968 Special mention — — — 67 — 468 — 535 Substandard 37 333 228 — 141 99 10 848 Nonaccrual 18 28 121 38 32 53 97 387 Total commercial and industrial loans $ 25,019 $ 32,368 $ 55,513 $ 30,844 $ 10,908 $ 17,733 $ 73,353 $ 245,738 Charge-offs $ — $ ( 7 ) $ ( 7 ) $ — $ ( 216 ) $ — $ ( 206 ) $ ( 436 ) Recoveries — 17 — — — 175 — 192 Current period net $ — $ 10 $ ( 7 ) $ — $ ( 216 ) $ 175 $ ( 206 ) $ ( 244 ) Construction and development: Pass $ 48,828 $ 47,698 $ 47,709 $ 40,141 $ 6,638 $ 17,315 $ 879 $ 209,208 Special mention — — 3,733 — — — — 3,733 Substandard — — — — — — — — Nonaccrual 73 — — — — — — 73 Total construction and development loans $ 48,901 $ 47,698 $ 51,442 $ 40,141 $ 6,638 $ 17,315 $ 879 $ 213,014 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — Commercial real estate: Pass $ 31,573 $ 47,160 $ 333,312 $ 123,600 $ 76,560 $ 201,007 $ 14,973 $ 828,185 Special mention — — 13,484 9,459 — 3,608 — 26,551 Substandard — — 10,957 — — 28 — 10,985 Nonaccrual — — 322 — — 69 — 391 Total commercial real estate loans $ 31,573 $ 47,160 $ 358,075 $ 133,059 $ 76,560 $ 204,712 $ 14,973 $ 866,112 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — September 30, 2024 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Total Farmland: Pass $ 10,344 $ 19,677 $ 63,119 $ 42,864 $ 7,523 $ 17,430 $ 5,241 $ 166,198 Special mention — 1,686 — — — — — 1,686 Substandard — — — 40 100 211 — 351 Nonaccrual — — — 278 — 603 — 881 Total farmland loans $ 10,344 $ 21,363 $ 63,119 $ 43,182 $ 7,623 $ 18,244 $ 5,241 $ 169,116 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — 1-4 family residential: Pass $ 49,250 $ 60,487 $ 132,125 $ 110,915 $ 39,020 $ 106,074 $ 22,927 $ 520,798 Special mention — — — — — 435 — 435 Substandard — — — — — — — — Nonaccrual — 341 140 66 64 2,241 160 3,012 Total 1-4 family residential loans $ 49,250 $ 60,828 $ 132,265 $ 110,981 $ 39,084 $ 108,750 $ 23,087 $ 524,245 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — Multi-family residential: Pass $ 1,016 $ 1,768 $ 32,438 $ 14,822 $ 1,341 $ 2,762 $ 11 $ 54,158 Special mention — — — — — — — — Substandard — — — — — — — — Nonaccrual — — — — — — — — Total multi-family residential loans $ 1,016 $ 1,768 $ 32,438 $ 14,822 $ 1,341 $ 2,762 $ 11 $ 54,158 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — September 30, 2024 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Total Consumer and overdrafts: Pass $ 18,220 $ 15,246 $ 8,273 $ 3,465 $ 1,394 $ 2,245 $ 3,801 $ 52,644 Special mention 4 — — — — 3 — 7 Substandard — — — — — — — — Nonaccrual — 84 76 14 19 17 — 210 Total consumer loans and overdrafts $ 18,224 $ 15,330 $ 8,349 $ 3,479 $ 1,413 $ 2,265 $ 3,801 $ 52,861 Charge-offs $ ( 172 ) $ ( 42 ) $ ( 38 ) $ — $ — $ ( 9 ) $ — $ ( 261 ) Recoveries 42 — — 14 3 16 — 75 Current period net $ ( 130 ) $ ( 42 ) $ ( 38 ) $ 14 $ 3 $ 7 $ — $ ( 186 ) Agricultural: Pass $ 2,000 $ 1,160 $ 1,342 $ 705 $ 413 $ 671 $ 4,775 $ 11,066 Special mention — — — — — — — — Substandard — — — — — 86 — 86 Nonaccrual — — 50 — — 91 — 141 Total agricultural loans $ 2,000 $ 1,160 $ 1,392 $ 705 $ 413 $ 848 $ 4,775 $ 11,293 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — 3 — 3 Current period net $ — $ — $ — $ — $ — $ 3 $ — $ 3 Total loans: Pass $ 186,195 $ 225,203 $ 673,482 $ 367,251 $ 143,624 $ 364,617 $ 125,853 $ 2,086,225 Special mention 4 1,686 17,217 9,526 — 4,514 — 32,947 Substandard 37 333 11,185 40 241 424 10 12,270 Nonaccrual 91 453 709 396 115 3,074 257 5,095 Total loans $ 186,327 $ 227,675 $ 702,593 $ 377,213 $ 143,980 $ 372,629 $ 126,120 $ 2,136,537 Charge-offs $ ( 172 ) $ ( 49 ) $ ( 45 ) $ — $ ( 216 ) $ ( 9 ) $ ( 206 ) $ ( 697 ) Recoveries 42 17 — 14 3 194 — 270 Total current period net (charge-offs) recoveries $ ( 130 ) $ ( 32 ) $ ( 45 ) $ 14 $ ( 213 ) $ 185 $ ( 206 ) $ ( 427 ) 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: 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: September 30, 2024 30 to 59 Days 60 to 89 Days 90 Days Total Current Total Recorded Commercial and industrial $ 470 $ 51 $ 163 $ 684 $ 245,054 $ 245,738 $ — Real estate: Construction and 2,921 — 73 2,994 210,020 213,014 — Commercial real 140 199 — 339 865,773 866,112 — Farmland — 141 314 455 168,661 169,116 — 1-4 family residential 2,407 555 1,600 4,562 519,683 524,245 — Multi-family residential — — — — 54,158 54,158 — Consumer 301 61 118 480 52,050 52,530 — Agricultural 20 — 21 41 11,252 11,293 — Overdrafts — — — — 331 331 — Total $ 6,259 $ 1,007 $ 2,289 $ 9,555 $ 2,126,982 $ 2,136,537 $ — 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: September 30, 2024 December 31, 2023 Commercial and industrial $ 387 $ 1,777 Real estate: Construction and development 73 117 Commercial real estate 391 132 Farmland 881 164 1-4 family residential 3,012 2,793 Consumer and overdrafts 210 250 Agricultural 141 359 Total $ 5,095 $ 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 nine months ended September 30, 2024 and 2023. For the Nine Months Ended Term Interest Rate Total Class of Financing Receivable Commercial and industrial $ 58 $ 11 0.03 % Agricultural — 102 0.90 % Total loans $ 58 $ 113 0.01 % For the Nine Months Ended Term Interest Rate Total Class of Financing Receivable 1-4 family residential $ 58 $ — 0.01 % Consumer 14 — 0.02 % Total loans $ 72 $ — 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 nine months ended September 30, 2024 and 2023: For the Nine Months Ended Term Extension Financial Effect Commercial and industrial Amortization period was reduced by a weighted-average period of 0.67 years. Interest Rate Reduction Financial Effect Commercial and industrial Reduced weighted-average contractual interest rate from 8.5 % to 0.0 %. Agricultural Reduced weighted-average contractual interest rate from 8.5 % to 0.0 %. For the Nine Months Ended Term Extension Financial Effect 1-4 family residential Amortization period was extended by a weighted-average period of 5.00 years. Consumer Amortization period was extended by a weighted-average period of 0.26 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 September 30, 2024: Current 30 to 89 Days 90 Days Commercial and industrial $ 53 $ — $ — Agricultural 102 — — Total loans $ 155 $ — $ —

SUBORDINATED DEBT (Tables)

SUBORDINATED DEBT (Tables)	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Schedule of Subordinated Debt and Other Debentures	Subordinated debt was made up of the following as of: September 30, 2024 December 31, 2023 Trust III Debentures $ 2,062 $ 2,062 DCB Trust I Debentures 5,155 5,155 Subordinated note 34,668 34,568 Other debentures 2,000 4,000 $ 43,885 $ 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 Issuance 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 4.00 % $ 2,000 Thereafter 4.26 % 42,217 Total scheduled principal payments 44,217 Unamortized debt issuance costs ( 332 ) $ 43,885

EQUITY AWARDS (Tables)

EQUITY AWARDS (Tables)	9 Months Ended
	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Stock Option Activity	A summary of stock option activity in the Plan during the nine months ended September 30, 2024 and 2023 follows: Nine Months Ended September 30, 2024 Number of Weighted- Weighted- Aggregate Outstanding at beginning of year 465,680 $ 28.12 5.46 $ 2,782 Granted 59,000 28.86 Exercised ( 76,350 ) 22.38 Forfeited ( 31,900 ) 32.14 Balance, September 30, 2024 416,430 $ 28.96 5.94 $ 2,380 Exercisable at end of period 230,390 $ 27.67 4.32 $ 1,591 Nine Months Ended September 30, 2023 Number of Weighted- Weighted- Aggregate Outstanding at beginning of year 497,820 $ 28.07 5.87 $ 3,402 Granted 41,500 28.44 Exercised ( 21,440 ) 24.05 Forfeited ( 48,450 ) 30.62 Balance, September 30, 2023 469,430 $ 28.02 5.53 $ 1,228 Exercisable at end of period 268,030 $ 25.87 3.96 $ 956
Schedule of Nonvested Stock Option Activity	A summary of nonvested stock option activity in the Plan during the nine months ended September 30, 2024 and 2023 follows: Nine Months Ended September 30, 2024 Number of Weighted-Average Nonvested at beginning of year 182,570 $ 6.10 Granted 59,000 6.36 Vested ( 33,430 ) 5.69 Forfeited ( 22,100 ) 9.05 Balance, September 30, 2024 186,040 $ 6.21 Nine Months Ended September 30, 2023 Number of Weighted-Average Nonvested at beginning of year 216,480 $ 5.95 Granted 41,500 5.82 Vested ( 35,860 ) 5.82 Forfeited ( 20,720 ) 12.41 Balance, September 30, 2023 201,400 $ 5.95
Plan Information	Information related to stock options in the Plan is as follows for the nine months ended: September 30, 2024 September 30, 2023 Intrinsic value of options exercised $ 916 $ 99 Cash received from options exercised 1,710 516 Weighted average fair value of options granted 6.36 5.82
Summary of Restricted Stock Awards and Units Activity	A summary of restricted stock activity in the Plan during the nine months ended September 30, 2024 and 2023 follows: Nine Months Ended September 30, 2024 Number of Weighted-Average Nonvested at beginning of year 15,390 $ 28.87 Granted 2,388 30.49 Vested ( 4,211 ) 29.28 Forfeited ( 400 ) 32.94 Balance, September 30, 2024 13,167 $ 28.90 Nine Months Ended September 30, 2023 Number of Weighted-Average Nonvested at beginning of year 18,930 $ 27.51 Granted 2,056 34.10 Vested ( 3,670 ) 28.57 Forfeited ( 1,076 ) 28.93 Balance, September 30, 2023 16,240 $ 28.02

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Sep. 30, 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: September 30, 2024 December 31, 2023 Operating leases Operating lease right-of-use assets $ 12,167 $ 12,485 Operating lease liabilities 12,833 13,128 Weighted average remaining lease term Operating leases 7 years 7 years Weighted average discount rate Operating leases 2.44 % 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 September 30, 2024, are as follows: Year Ended December 31, Amount 2024 $ 605 2025 2,303 2026 2,068 2027 1,906 2028 1,859 Thereafter 4,569 Total lease payments 13,310 Less: interest ( 477 ) Present value of lease liabilities $ 12,833

INCOME TAXES (Tables)

INCOME TAXES (Tables)	9 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Schedule of Income Tax Expense and Effective Tax Rate	Income tax expense was as follows for: Three Months Ended Nine Months Ended 2024 2023 2024 2023 Income tax expense for the period $ 1,788 $ 1,437 $ 5,164 $ 5,789 Effective tax rate 19.50 % 18.60 % 19.38 % 19.34 %

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	9 Months Ended
	Sep. 30, 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 September 30, 2024 December 31, 2023 Commitments to extend credit $ 302,337 $ 336,036 Letters of credit 9,578 7,536

REGULATORY MATTERS (Tables)

REGULATORY MATTERS (Tables)	9 Months Ended
	Sep. 30, 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 September 30, 2024 Total capital to risk-weighted assets: Consolidated $ 375,097 16.59 % $ 180,892 8.00 % $ 237,421 10.50 % $ 226,115 10.00 % Bank 370,734 16.41 % 180,727 8.00 % 237,204 10.50 % 225,908 10.00 % Tier 1 capital to risk-weighted assets: Consolidated 312,161 13.81 % 135,669 6.00 % 192,198 8.50 % 135,669 6.00 % Bank 342,492 15.16 % 135,545 6.00 % 192,022 8.50 % 180,727 8.00 % Tier 1 capital to average assets: (1) Consolidated 312,161 10.21 % 122,241 4.00 % 122,241 4.00 % n/a Bank 342,492 11.24 % 121,853 4.00 % 121,853 4.00 % 152,317 5.00 % Common equity tier 1 capital to risk-weighted assets: Consolidated 304,944 13.49 % 101,752 4.50 % 158,280 7.00 % n/a Bank 342,492 15.16 % 101,659 4.50 % 158,136 7.00 % 146,840 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)	9 Months Ended
	Sep. 30, 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: September 30, 2024 Fair Value Quoted Significant Significant Assets at fair value on a recurring basis: Available for sale securities: Treasury securities $ 14,967 $ — $ 14,967 $ — Mortgage-backed securities 219,434 — 219,434 — Collateralized mortgage obligations 14,725 — 14,725 — Municipal securities 2,441 — 2,441 — Corporate bonds 26,000 — 26,000 — Loans held for sale 770 — — 770 Cash surrender value of life insurance 42,623 — 42,623 — SBA servicing assets 535 — — 535 Assets at fair value on a nonrecurring basis: Other real estate owned 15,184 — — 15,184 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 Foreclosed Assets Measured and Recorded at Fair Value	The following table presents foreclosed assets that were remeasured and recorded at fair value as of September 30, 2024. There were no foreclosed assets that were remeasured and recorded at fair value as of December 31, 2023 or September 30, 2023. September 30, Other real estate owned remeasured subsequent to initial recognition: Carrying value of other real estate owned prior to remeasurement $ 14,900 Write-downs included in collection and other real estate owned expense ( 900 ) Fair value of other real estate owned remeasured subsequent to initial recognition $ 14,000
Schedule of Quantitative Information About Nonrecurring Level 3 Fair Value Measurements	The following tables present quantitative information about nonrecurring Level 3 fair value measurements as of September 30, 2024 and December 31, 2023. September 30, 2024 Fair Value Valuation Unobservable Input(s) Range Other real estate owned $ 14,000 Income approach Capitalization rate 6.50 % Other real estate owned $ 1,184 Market approach Appraised value less selling costs 26.00 % December 31, 2023 Fair Value Valuation Unobservable Input(s) Range Individually evaluated collateral dependent loans $ 14,527 Income approach Capitalization rate 6.50 %
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 September 30, 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 September 30, 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 $ 162,946 $ 162,946 $ — $ — $ 162,946 Marketable securities held to maturity 341,911 — 319,313 — 319,313 Loans, net 2,107,597 — — 2,048,172 2,048,172 Accrued interest receivable 10,927 — 10,927 — 10,927 Nonmarketable equity securities 18,148 — 18,148 — 18,148 Financial liabilities: Deposits $ 2,668,914 $ 1,917,016 $ 758,329 $ — $ 2,675,345 Securities sold under repurchase agreements 31,164 — 31,164 — 31,164 Accrued interest payable 5,875 — 5,875 — 5,875 Federal Home Loan Bank advances — — — — — Subordinated debt 43,885 — 44,486 — 44,486 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)	9 Months Ended
	Sep. 30, 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 Nine Months Ended 2024 2023 2024 2023 Numerator: Net earnings attributable to Guaranty Bancshares, Inc. $ 7,397 $ 6,297 $ 21,520 $ 24,159 Denominator: Weighted-average shares outstanding (basic) 11,383,027 11,568,897 11,468,117 11,746,630 Effect of dilutive securities: Common stock equivalent shares from stock options 60,297 50,445 43,701 44,573 Weighted-average shares outstanding (diluted) 11,443,324 11,619,342 11,511,818 11,791,204 Net earnings attributable to Guaranty Bancshares, Inc. per share Basic $ 0.65 $ 0.54 $ 1.88 $ 2.06 Diluted $ 0.65 $ 0.54 $ 1.87 $ 2.05

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	Sep. 30, 2024	Dec. 31, 2023
Available for sale:
Available-for-sale debt securities, amortized cost basis	$ 288,167	$ 215,380
Gross Unrealized Gains	3,338	1,215
Gross Unrealized Losses	13,938	20,400
Estimated Fair Value	277,567	196,195
Held to maturity:
Amortized Cost	341,911	404,208
Gross Unrealized Gains	578	923
Gross Unrealized Losses	23,176	30,608
Estimated Fair Value	319,313	374,523
Treasury security
Available for sale:
Available-for-sale debt securities, amortized cost basis	14,968
Gross Unrealized Gains	3
Gross Unrealized Losses	4
Estimated Fair Value	14,967
U.S. government agencies
Held to maturity:
Amortized Cost	9,410	9,292
Gross Unrealized Gains	0	0
Gross Unrealized Losses	736	1,066
Estimated Fair Value	8,674	8,226
Corporate bonds
Available for sale:
Available-for-sale debt securities, amortized cost basis	27,823	29,882
Gross Unrealized Gains	0	0
Gross Unrealized Losses	1,823	3,077
Estimated Fair Value	26,000	26,805
Municipal securities
Available for sale:
Available-for-sale debt securities, amortized cost basis	2,319	2,322
Gross Unrealized Gains	122	182
Gross Unrealized Losses	0	0
Estimated Fair Value	2,441	2,504
Held to maturity:
Amortized Cost	156,506	168,175
Gross Unrealized Gains	578	923
Gross Unrealized Losses	5,538	6,123
Estimated Fair Value	151,546	162,975
Mortgage-backed securities
Available for sale:
Available-for-sale debt securities, amortized cost basis	227,136	164,419
Gross Unrealized Gains	3,202	1,014
Gross Unrealized Losses	10,904	15,621
Estimated Fair Value	219,434	149,812
Held to maturity:
Amortized Cost	111,767	119,872
Gross Unrealized Gains	0	0
Gross Unrealized Losses	10,945	15,105
Estimated Fair Value	100,822	104,767
Collateralized mortgage obligations
Available for sale:
Available-for-sale debt securities, amortized cost basis	15,921	18,757
Gross Unrealized Gains	11	19
Gross Unrealized Losses	1,207	1,702
Estimated Fair Value	14,725	17,074
Held to maturity:
Amortized Cost	34,460	37,437
Gross Unrealized Losses	5,694	7,276
Estimated Fair Value	28,766	30,161
Treasury securities
Held to maturity:
Amortized Cost	29,768	69,432
Gross Unrealized Losses	263	1,038
Estimated Fair Value	$ 29,505	$ 68,394

MARKETABLE SECURITIES - Narrati

MARKETABLE SECURITIES - Narrative (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2024 USD ($) Position	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) Position Security	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Investments, Debt and Equity Securities [Abstract]
Allowance for credit losses for available for sale debt securities	$ 0		$ 0		$ 0
Number of investment in an unrealized loss position | Position	231		231
Number of investment in an sale debt securities | Position	74		74
Percentage of unrealized loss exceeds book value			20%
Number of securities other than agencies amount | Security			0
Fair value of securities pledged as collateral	$ 301,245,000		$ 301,245,000		317,112,000
Accumulated other comprehensive income	7,385,000		7,385,000		$ 6,964,000
Proceeds from sales	0	$ 0	0	$ 21,268,000
Gross gains	0	0	0	184,000
Gross losses	$ 0	$ 0	$ 0	$ (413,000)

MARKETABLE SECURITIES - Securit

MARKETABLE SECURITIES - Securities in Continuous Loss Position (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Gross Unrealized Losses
Less Than 12 Months	$ (237)	$ (742)
12 Months or Longer	(13,701)	(19,658)
Total	(13,938)	(20,400)
Estimated Fair Value
Less Than 12 Months	12,932	13,308
12 Months or Longer	143,945	142,670
Total	156,877	155,978
Corporate bonds
Gross Unrealized Losses
Less Than 12 Months	0	0
12 Months or Longer	(1,823)	(3,077)
Total	(1,823)	(3,077)
Estimated Fair Value
Less Than 12 Months	0	0
12 Months or Longer	26,000	26,805
Total	26,000	26,805
Mortgage-backed securities
Gross Unrealized Losses
Less Than 12 Months	(233)	(742)
12 Months or Longer	(10,671)	(14,879)
Total	(10,904)	(15,621)
Estimated Fair Value
Less Than 12 Months	3,051	13,308
12 Months or Longer	105,788	101,889
Total	108,839	115,197
Collateralized mortgage obligations
Gross Unrealized Losses
Less Than 12 Months	0	0
12 Months or Longer	(1,207)	(1,702)
Total	(1,207)	(1,702)
Estimated Fair Value
Less Than 12 Months	0	0
12 Months or Longer	12,157	13,976
Total	12,157	$ 13,976
US Treasury Securities [Member]
Gross Unrealized Losses
Less Than 12 Months	(4)
12 Months or Longer	0
Total	(4)
Estimated Fair Value
Less Than 12 Months	9,881
12 Months or Longer	0
Total	$ 9,881

MARKETABLE SECURITIES - Contrac

MARKETABLE SECURITIES - Contractual Maturities of Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Amortized Cost
Due within one year	$ 10,462
Due after one year through five years	12,032
Due after five years through ten years	22,616
Due after ten years	0
Available-for-sale debt securities, amortized cost basis	288,167	$ 215,380
Estimated Fair Value
Due within one year	10,426
Due after one year through five years	11,951
Due after five years through ten years	21,031
Due after ten years	0
Available-for-sale debt securities, estimated fair value	277,567	196,195
Held to Maturity Amortized Cost
Due within one year	34,512
Due after one year through five years	41,115
Due after five years through ten years	89,580
Due after ten years	30,477
Held to Maturity debt securities, amortized cost	341,911	404,208
Held to Maturity Estimated Fair Value
Due within one year	34,241
Due after one year through five years	39,991
Due after five years through ten years	87,178
Due after ten years	28,315
Held to maturity debt securities, estimated fair value	319,313	374,523
Mortgage-backed securities
Amortized Cost
Available-for-sale debt securities, amortized cost basis	227,136
Available-for-sale debt securities, amortized cost basis	227,136	164,419
Estimated Fair Value
Available-for-sale debt securities, estimated fair value	219,434
Available-for-sale debt securities, estimated fair value	219,434	149,812
Held to Maturity Amortized Cost
Held to Maturity debt securities, amortized cost	111,767
Held to Maturity debt securities, amortized cost	111,767	119,872
Held to Maturity Estimated Fair Value
Held to maturity debt securities, estimated fair value	100,822
Held to maturity debt securities, estimated fair value	100,822	104,767
Collateralized mortgage obligations
Amortized Cost
Available-for-sale debt securities, amortized cost basis	15,921
Available-for-sale debt securities, amortized cost basis	15,921	18,757
Estimated Fair Value
Available-for-sale debt securities, estimated fair value	14,725
Available-for-sale debt securities, estimated fair value	14,725	17,074
Held to Maturity Amortized Cost
Held to Maturity debt securities, amortized cost	34,460
Held to Maturity debt securities, amortized cost	34,460	37,437
Held to Maturity Estimated Fair Value
Held to maturity debt securities, estimated fair value	28,766
Held to maturity debt securities, estimated fair value	$ 28,766	$ 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	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2022
Loans held for investment:
Total loans	$ 2,136,537	$ 2,322,576
Deferred loan fees, net	(397)	(775)
Allowance for credit losses	(28,543)	(30,920)	$ (31,140)	$ (31,974)
Total net loans	2,107,597	2,290,881
Commercial and industrial
Loans held for investment:
Total loans	245,738	287,565
Allowance for credit losses	(2,929)	(3,719)	(3,823)	(4,382)
Construction and development
Loans held for investment:
Total loans	213,014	296,639
Allowance for credit losses	(2,534)	(3,623)	(3,632)	(4,889)
Commercial real estate
Loans held for investment:
Total loans	866,112	923,195
Allowance for credit losses	(12,173)	(12,257)	(13,093)	(12,658)
Farmland
Loans held for investment:
Total loans	169,116	186,295
Allowance for credit losses	(1,985)	(2,231)	(2,119)	(2,008)
1-4 family residential
Loans held for investment:
Total loans	524,245	514,603
Allowance for credit losses	(7,396)	(7,470)	(6,778)	(6,617)
Multi-family residential
Loans held for investment:
Total loans	54,158	44,292
Allowance for credit losses	(544)	(521)	(471)	(490)
Consumer
Loans held for investment:
Total loans	52,530	57,059
Allowance for credit losses	(841)	(945)	(1,080)	(778)
Agricultural
Loans held for investment:
Total loans	11,293	12,685
Allowance for credit losses	(138)	(152)	(141)	(149)
Overdrafts
Loans held for investment:
Total loans	331	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	Sep. 30, 2024	Dec. 31, 2023
Receivables [Abstract]
Accrued interest receivable on loans	$ 8.2	$ 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	9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Allowance for credit losses:
Beginning balance	$ 30,920	$ 31,974	$ 31,974
Provision for (reversal of) credit losses	(1,950)	0	0
Loans charged-off	(697)	(962)	(1,204)
Recoveries	270	128	150
Ending Balance	28,543	31,140	30,920
Commercial and industrial
Allowance for credit losses:
Beginning balance	3,719	4,382	4,382
Provision for (reversal of) credit losses	(546)	(186)	(209)
Loans charged-off	(436)	(392)	(473)
Recoveries	192	19	19
Ending Balance	2,929	3,823	3,719
Construction and development
Allowance for credit losses:
Beginning balance	3,623	4,889	4,889
Provision for (reversal of) credit losses	(1,089)	(1,257)	(1,266)
Loans charged-off		0	0
Recoveries	0	0	0
Ending Balance	2,534	3,632	3,623
Commercial real estate
Allowance for credit losses:
Beginning balance	12,257	12,658	12,658
Provision for (reversal of) credit losses	(84)	701	(124)
Loans charged-off	0	(266)	(277)
Recoveries	0	0	0
Ending Balance	12,173	13,093	12,257
Farmland
Allowance for credit losses:
Beginning balance	2,231	2,008	2,008
Provision for (reversal of) credit losses	(246)	111	223
Loans charged-off		0	0
Ending Balance	1,985	2,119	2,231
1-4 family residential
Allowance for credit losses:
Beginning balance	7,470	6,617	6,617
Provision for (reversal of) credit losses	(74)	161	853
Loans charged-off		0	0
Recoveries	0	0	0
Ending Balance	7,396	6,778	7,470
Multi-family residential
Allowance for credit losses:
Beginning balance	521	490	490
Provision for (reversal of) credit losses	23	(19)	31
Loans charged-off		0	0
Ending Balance	544	471	521
Consumer
Allowance for credit losses:
Beginning balance	945	778	778
Provision for (reversal of) credit losses	(38)	309	238
Loans charged-off	(99)	(72)	(139)
Recoveries	33	65	68
Ending Balance	841	1,080	945
Agricultural
Allowance for credit losses:
Beginning balance	152	149	149
Provision for (reversal of) credit losses	(17)	(7)	4
Loans charged-off	0	(3)	(3)
Recoveries	3	2	2
Ending Balance	138	141	152
Overdrafts
Allowance for credit losses:
Beginning balance	2	3	3
Provision for (reversal of) credit losses	121	187	250
Loans charged-off	(162)	(229)	(312)
Recoveries	42	42	61
Ending Balance	$ 3	$ 3	$ 2

LOANS AND ALLOWANCE FOR CREDI_6

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Narrative (Details) - USD ($)	3 Months Ended			9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2024	Dec. 31, 2023
Receivables [Abstract]
Loans classified in doubtful or loss risk rating	$ 0			$ 0	$ 0
Reversal of provision for credit losses	500,000	$ 1,200,000	$ 250,000
Decrease in loan balance	$ (78,500,000)			$ (186,000,000)

LOANS AND ALLOWANCE FOR CREDI_7

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Summary of Credit Exposure in Company Loan Portfolio (Details) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2024	$ 186,327		$ 288,326
Credit Exposure 2023	227,675		833,709
Credit Exposure 2022	702,593		451,802
Credit Exposure 2021	377,213		159,704
Credit Exposure 2020	143,980		108,230
Credit Exposure Prior	372,629		320,588
Revolving Loans Amortized Cost	126,120		160,217
Total	2,136,537		2,322,576
Credit Exposure 2024.Charge - offs	(172)		(615)
Credit Exposure 2023.Charge - offs	(49)		(38)
Credit Exposure 2022.Charge - offs	(45)		(76)
Credit Exposure 2021.Charge - offs			(52)
Credit Exposure 2020.Charge - offs	(216)		(36)
Credit Exposure Prior.Charge - offs	(9)		(94)
Credit Exposure Revolving Loans Amortized Cost.Charge - offs	(206)		(293)
Total	(697)	$ (962)	(1,204)
Credit Exposure 2024, Recoveries	42		61
Credit Exposure 2023, Recoveries	17
Credit Exposure 2022, Recoveries			4
Credit Exposure 2021, Recoveries	14		1
Credit Exposure 2020, Recoveries	3
Credit Exposure Prior, Recoveries	194		29
Credit Exposure Revolving Loans Amortized Cost, Recoveries			55
Total	270	128	150
Credit Exposure 2024,Current period net	(130)		(554)
Credit Exposure 2023,Current period net	(32)		(38)
Credit Exposure 2022,Current period net	(45)		(72)
Credit Exposure 2021,Current period net	14		(51)
Credit Exposure 2020,Current period net	(213)		(36)
Credit Exposure Prior,Current period net	185		(65)
Credit Exposure Revolving Loans Amortized Cost,Current period net	(206)		(238)
Total	(427)		(1,054)
Pass
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2024	186,195		288,301
Credit Exposure 2023	225,203		810,203
Credit Exposure 2022	673,482		441,607
Credit Exposure 2021	367,251		158,291
Credit Exposure 2020	143,624		107,314
Credit Exposure Prior	364,617		316,988
Revolving Loans Amortized Cost	125,853		159,933
Total	2,086,225		2,282,637
Special Mention
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2024	4		6
Credit Exposure 2023	1,686		7,042
Credit Exposure 2022	17,217		137
Credit Exposure 2021	9,526		958
Credit Exposure 2020			147
Credit Exposure Prior	4,514		1,196
Revolving Loans Amortized Cost			250
Total	32,947		9,736
Substandard
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2024	37
Credit Exposure 2023	333		16,210
Credit Exposure 2022	11,185		6,950
Credit Exposure 2021	40		370
Credit Exposure 2020	241		446
Credit Exposure Prior	424		635
Revolving Loans Amortized Cost	10
Total	12,270		24,611
Nonaccrual
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2024	91		19
Credit Exposure 2023	453		254
Credit Exposure 2022	709		3,108
Credit Exposure 2021	396		85
Credit Exposure 2020	115		323
Credit Exposure Prior	3,074		1,769
Revolving Loans Amortized Cost	257		34
Total	5,095		5,592
Commercial and industrial
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2024	25,019		42,646
Credit Exposure 2023	32,368		72,711
Credit Exposure 2022	55,513		39,988
Credit Exposure 2021	30,844		14,199
Credit Exposure 2020	10,908		8,766
Credit Exposure Prior	17,733		12,756
Revolving Loans Amortized Cost	73,353		96,499
Total	245,738		287,565
Credit Exposure 2024.Charge - offs			(79)
Credit Exposure 2023.Charge - offs	(7)
Credit Exposure 2022.Charge - offs	(7)		(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	(206)		(293)
Total	(436)	(392)	(473)
Credit Exposure 2023, Recoveries	17
Credit Exposure Prior, Recoveries	175		4
Credit Exposure Revolving Loans Amortized Cost, Recoveries			15
Total	192	19	19
Credit Exposure 2024,Current period net			(79)
Credit Exposure 2023,Current period net	10
Credit Exposure 2022,Current period net	(7)		(25)
Credit Exposure 2021,Current period net			(41)
Credit Exposure 2020,Current period net	(216)		(31)
Credit Exposure Prior,Current period net	175
Credit Exposure Revolving Loans Amortized Cost,Current period net	(206)		(278)
Total	(244)		(454)
Commercial and industrial | Pass
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2024	24,964		42,646
Credit Exposure 2023	32,007		72,376
Credit Exposure 2022	55,164		38,328
Credit Exposure 2021	30,739		12,864
Credit Exposure 2020	10,735		8,249
Credit Exposure Prior	17,113		12,524
Revolving Loans Amortized Cost	73,246		96,215
Total	243,968		283,202
Commercial and industrial | Special Mention
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2023			16
Credit Exposure 2022			132
Credit Exposure 2021	67		958
Credit Exposure 2020			147
Credit Exposure Prior	468
Revolving Loans Amortized Cost			250
Total	535		1,503
Commercial and industrial | Substandard
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2024	37
Credit Exposure 2023	333		190
Credit Exposure 2022	228
Credit Exposure 2021			370
Credit Exposure 2020	141		370
Credit Exposure Prior	99		153
Revolving Loans Amortized Cost	10
Total	848		1,083
Commercial and industrial | Nonaccrual
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2024	18
Credit Exposure 2023	28		129
Credit Exposure 2022	121		1,528
Credit Exposure 2021	38		7
Credit Exposure 2020	32
Credit Exposure Prior	53		79
Revolving Loans Amortized Cost	97		34
Total	387		1,777
Construction and development
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2024	48,901		86,641
Credit Exposure 2023	47,698		112,609
Credit Exposure 2022	51,442		62,548
Credit Exposure 2021	40,141		7,074
Credit Exposure 2020	6,638		5,915
Credit Exposure Prior	17,315		12,615
Revolving Loans Amortized Cost	879		9,237
Total	213,014		296,639
Total		0	0
Total	0	0	0
Construction and development | Pass
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2024	48,828		86,641
Credit Exposure 2023	47,698		112,347
Credit Exposure 2022	47,709		62,548
Credit Exposure 2021	40,141		7,074
Credit Exposure 2020	6,638		5,915
Credit Exposure Prior	17,315		12,504
Revolving Loans Amortized Cost	879		9,237
Total	209,208		296,266
Construction and development | Special Mention
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2022	3,733
Total	3,733
Construction and development | Substandard
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2023			189
Credit Exposure Prior			67
Total			256
Construction and development | Nonaccrual
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2024	73
Credit Exposure 2023			73
Credit Exposure Prior			44
Total	73		117
Commercial real estate
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2024	31,573		46,655
Credit Exposure 2023	47,160		391,764
Credit Exposure 2022	358,075		156,486
Credit Exposure 2021	133,059		81,765
Credit Exposure 2020	76,560		54,181
Credit Exposure Prior	204,712		177,279
Revolving Loans Amortized Cost	14,973		15,065
Total	866,112		923,195
Credit Exposure 2024.Charge - offs			(190)
Credit Exposure Prior.Charge - offs			(87)
Total	0	(266)	(277)
Total	0	0	0
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	31,573		46,655
Credit Exposure 2023	47,160		368,933
Credit Exposure 2022	333,312		149,536
Credit Exposure 2021	123,600		81,765
Credit Exposure 2020	76,560		54,100
Credit Exposure Prior	201,007		176,509
Revolving Loans Amortized Cost	14,973		15,065
Total	828,185		892,563
Commercial real estate | Special Mention
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2023			7,000
Credit Exposure 2022	13,484
Credit Exposure 2021	9,459
Credit Exposure Prior	3,608		333
Total	26,551		7,333
Commercial real estate | Substandard
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2023			15,831
Credit Exposure 2022	10,957		6,950
Credit Exposure 2020			49
Credit Exposure Prior	28		337
Total	10,985		23,167
Commercial real estate | Nonaccrual
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2022	322
Credit Exposure 2020			32
Credit Exposure Prior	69		100
Total	391		132
Farmland
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2024	10,344		25,009
Credit Exposure 2023	21,363		77,371
Credit Exposure 2022	63,119		46,817
Credit Exposure 2021	43,182		8,556
Credit Exposure 2020	7,623		5,626
Credit Exposure Prior	18,244		16,067
Revolving Loans Amortized Cost	5,241		6,849
Total	169,116		186,295
Total		0	0
Farmland | Pass
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2024	10,344		25,009
Credit Exposure 2023	19,677		77,371
Credit Exposure 2022	63,119		46,817
Credit Exposure 2021	42,864		8,556
Credit Exposure 2020	7,523		5,599
Credit Exposure Prior	17,430		15,850
Revolving Loans Amortized Cost	5,241		6,849
Total	166,198		186,051
Farmland | Special Mention
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2023	1,686
Total	1,686
Farmland | Substandard
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2021	40
Credit Exposure 2020	100		27
Credit Exposure Prior	211		53
Total	351		80
Farmland | Nonaccrual
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2021	278
Credit Exposure Prior	603		164
Total	881		164
1-4 family residential
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2024	49,250		57,348
Credit Exposure 2023	60,828		143,992
Credit Exposure 2022	132,265		122,213
Credit Exposure 2021	110,981		42,588
Credit Exposure 2020	39,084		28,939
Credit Exposure Prior	108,750		97,377
Revolving Loans Amortized Cost	23,087		22,146
Total	524,245		514,603
Total		0	0
Total	0	0	0
1-4 family residential | Pass
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2024	49,250		57,348
Credit Exposure 2023	60,487		143,992
Credit Exposure 2022	132,125		120,964
Credit Exposure 2021	110,915		42,535
Credit Exposure 2020	39,020		28,764
Credit Exposure Prior	106,074		95,198
Revolving Loans Amortized Cost	22,927		22,146
Total	520,798		510,947
1-4 family residential | Special Mention
Financing Receivable Recorded Investment [Line Items]
Credit Exposure Prior	435		863
Total	435		863
1-4 family residential | Nonaccrual
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2023	341
Credit Exposure 2022	140		1,249
Credit Exposure 2021	66		53
Credit Exposure 2020	64		175
Credit Exposure Prior	2,241		1,316
Revolving Loans Amortized Cost	160
Total	3,012		2,793
Multi-family residential
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2024	1,016		1,984
Credit Exposure 2023	1,768		18,041
Credit Exposure 2022	32,438		16,496
Credit Exposure 2021	14,822		2,363
Credit Exposure 2020	1,341		3,862
Credit Exposure Prior	2,762		1,492
Revolving Loans Amortized Cost	11		54
Total	54,158		44,292
Total		0	0
Multi-family residential | Pass
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2024	1,016		1,984
Credit Exposure 2023	1,768		18,041
Credit Exposure 2022	32,438		16,496
Credit Exposure 2021	14,822		2,363
Credit Exposure 2020	1,341		3,862
Credit Exposure Prior	2,762		1,492
Revolving Loans Amortized Cost	11		54
Total	54,158		44,292
Consumer and Overdrafts
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2024	18,224		26,186
Credit Exposure 2023	15,330		15,259
Credit Exposure 2022	8,349		5,920
Credit Exposure 2021	3,479		2,474
Credit Exposure 2020	1,413		631
Credit Exposure Prior	2,265		2,344
Revolving Loans Amortized Cost	3,801		4,488
Total	52,861		57,302
Credit Exposure 2024.Charge - offs	(172)		(346)
Credit Exposure 2023.Charge - offs	(42)		(38)
Credit Exposure 2022.Charge - offs	(38)		(51)
Credit Exposure 2021.Charge - offs			(11)
Credit Exposure 2020.Charge - offs			(5)
Credit Exposure Prior.Charge - offs	(9)
Total	(261)		(451)
Credit Exposure 2024, Recoveries	42		61
Credit Exposure 2022, Recoveries			4
Credit Exposure 2021, Recoveries	14		1
Credit Exposure 2020, Recoveries	3
Credit Exposure Prior, Recoveries	16		23
Credit Exposure Revolving Loans Amortized Cost, Recoveries			40
Total	75		129
Credit Exposure 2024,Current period net	(130)		(285)
Credit Exposure 2023,Current period net	(42)		(38)
Credit Exposure 2022,Current period net	(38)		(47)
Credit Exposure 2021,Current period net	14		(10)
Credit Exposure 2020,Current period net	3		(5)
Credit Exposure Prior,Current period net	7		23
Credit Exposure Revolving Loans Amortized Cost,Current period net			40
Total	(186)		(322)
Consumer and Overdrafts | Pass
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2024	18,220		26,161
Credit Exposure 2023	15,246		15,181
Credit Exposure 2022	8,273		5,840
Credit Exposure 2021	3,465		2,449
Credit Exposure 2020	1,394		589
Credit Exposure Prior	2,245		2,307
Revolving Loans Amortized Cost	3,801		4,488
Total	52,644		57,015
Consumer and Overdrafts | Special Mention
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2024	4		6
Credit Exposure 2023			26
Credit Exposure 2022			5
Credit Exposure Prior	3
Total	7		37
Consumer and Overdrafts | Nonaccrual
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2024			19
Credit Exposure 2023	84		52
Credit Exposure 2022	76		75
Credit Exposure 2021	14		25
Credit Exposure 2020	19		42
Credit Exposure Prior	17		37
Total	210		250
Agricultural
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2024	2,000		1,857
Credit Exposure 2023	1,160		1,962
Credit Exposure 2022	1,392		1,334
Credit Exposure 2021	705		685
Credit Exposure 2020	413		310
Credit Exposure Prior	848		658
Revolving Loans Amortized Cost	4,775		5,879
Total	11,293		12,685
Credit Exposure Prior.Charge - offs			(3)
Total	0	(3)	(3)
Credit Exposure Prior, Recoveries	3		2
Total	3	$ 2	2
Credit Exposure Prior,Current period net	3		(1)
Total	3		(1)
Agricultural | Pass
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2024	2,000		1,857
Credit Exposure 2023	1,160		1,962
Credit Exposure 2022	1,342		1,078
Credit Exposure 2021	705		685
Credit Exposure 2020	413		236
Credit Exposure Prior	671		604
Revolving Loans Amortized Cost	4,775		5,879
Total	11,066		12,301
Agricultural | Substandard
Financing Receivable Recorded Investment [Line Items]
Credit Exposure Prior	86		25
Total	86		25
Agricultural | Nonaccrual
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2022	50		256
Credit Exposure 2020			74
Credit Exposure Prior	91		29
Total	$ 141		$ 359

LOANS AND ALLOWANCE FOR CREDI_8

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Summary of Amortized Cost Basis of Collateral-dependent Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2022
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for Credit Losses Allocation	$ 28,543	$ 30,920	$ 31,140	$ 31,974
Collateral Dependent Loans
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost		14,744
Allowance for Credit Losses Allocation		217
Real Estate | Collateral Dependent Loans
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost		14,527
Non-RE | Collateral Dependent Loans
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost		217
Commercial and industrial
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for Credit Losses Allocation	2,929	3,719	3,823	4,382
Commercial and industrial | Collateral Dependent Loans
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost		217
Allowance for Credit Losses Allocation		217
Commercial and industrial | Non-RE | Collateral Dependent Loans
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost		217
Commercial real estate
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for Credit Losses Allocation	$ 12,173	12,257	$ 13,093	$ 12,658
Commercial real estate | Collateral Dependent Loans
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost		14,527
Commercial real estate | Real Estate | Collateral Dependent Loans
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	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans	$ 2,136,537	$ 2,322,576
Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	6,259	4,530
Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	1,007	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	2,289	3,679
Financial Asset, Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	9,555	9,798
Financial Asset, Not Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	2,126,982	2,312,778
Commercial Industrial and Warehouse lending
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans	245,738	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	470	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	51	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	163	1,656
Commercial Industrial and Warehouse lending | Financial Asset, Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	684	2,307
Commercial Industrial and Warehouse lending | Financial Asset, Not Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	245,054	285,258
Construction and development
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans	213,014	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	2,921	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	73	117
Construction and development | Financial Asset, Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	2,994	720
Construction and development | Financial Asset, Not Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	210,020	295,919
Commercial real estate
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans	866,112	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	140	356
Commercial real estate | Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	199	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	339	488
Commercial real estate | Financial Asset, Not Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	865,773	922,707
Farmland
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans	169,116	186,295
Farmland | Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	0	226
Farmland | Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	141	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	314	0
Farmland | Financial Asset, Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	455	310
Farmland | Financial Asset, Not Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	168,661	185,985
1-4 family residential
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans	524,245	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	2,407	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	555	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	1,600	1,612
1-4 family residential | Financial Asset, Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	4,562	5,549
1-4 family residential | Financial Asset, Not Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	519,683	509,054
Multi-family residential
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans	54,158	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	54,158	44,292
Consumer
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans	52,530	57,059
Consumer | Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	301	169
Consumer | Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	61	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	118	162
Consumer | Financial Asset, Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	480	408
Consumer | Financial Asset, Not Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	52,050	56,651
Agricultural
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans	11,293	12,685
Agricultural | Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	20	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	21	0
Agricultural | Financial Asset, Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	41	16
Agricultural | Financial Asset, Not Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	11,252	12,669
Overdrafts
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans	331	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	$ 331	$ 243

LOANS AND ALLOWANCE FOR CRED_10

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Schedule of Nonaccrual Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Total loans	$ 5,095	$ 5,592
Commercial and industrial
Financing Receivable, Past Due [Line Items]
Total loans	387	1,777
Construction and development
Financing Receivable, Past Due [Line Items]
Total loans	73	117
Commercial real estate
Financing Receivable, Past Due [Line Items]
Total loans	391	132
Farmland
Financing Receivable, Past Due [Line Items]
Total loans	881	164
1-4 family residential
Financing Receivable, Past Due [Line Items]
Total loans	3,012	2,793
Consumer and Overdrafts
Financing Receivable, Past Due [Line Items]
Total loans	210	250
Agricultural
Financing Receivable, Past Due [Line Items]
Total loans	$ 141	$ 359

LOANS AND ALLOWANCE FOR CRED_11

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Schedule of Financing Receivable, Amortized Cost Basis of Loans (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Financing Receivable, Past Due [Line Items]
Total Class of Financing Receivable	0.01%	0%
Financing Receivable, Troubled Debt Restructuring, Postmodification	$ 113
Term Extension	58 years	72 years
Consumer
Financing Receivable, Past Due [Line Items]
Total Class of Financing Receivable		0.02%
Term Extension		14 years
1-4 family residential
Financing Receivable, Past Due [Line Items]
Total Class of Financing Receivable		0.01%
Term Extension		58 years
Commercial and industrial
Financing Receivable, Past Due [Line Items]
Total Class of Financing Receivable	0.03%
Financing Receivable, Troubled Debt Restructuring, Postmodification	$ 11
Term Extension	58 years
Agricultural
Financing Receivable, Past Due [Line Items]
Total Class of Financing Receivable	0.90%
Financing Receivable, Troubled Debt Restructuring, Postmodification	$ 102

LOANS AND ALLOWANCE FOR CRED_12

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Schedule of Financing Receivable, Financial Effect of the Loan Modifications (Details)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Consumer
Financing Receivable, Past Due [Line Items]
Period for Financial Effect		Amortization period was extended by a weighted-average period of 0.26 years.
Weighted average term increase from modifciation		3 months 3 days
1-4 family residential
Financing Receivable, Past Due [Line Items]
Period for Financial Effect		Amortization period was extended by a weighted-average period of 5.00 years.
Weighted average term increase from modifciation		5 years
Commercial and industrial
Financing Receivable, Past Due [Line Items]
Period for Financial Effect	Amortization period was reduced by a weighted-average period of 0.67 years.
Interest rate reduction financial effect	Reduced weighted-average contractual interest rate from 8.5% to 0.0%.
Weighted average term decrease from modifciation	8 months 1 day
Weighted average contractual interest rate, before modification	8.50%
Weighted average contractual interest rate, after modification	0%
Agricultural
Financing Receivable, Past Due [Line Items]
Interest rate reduction financial effect	Reduced weighted-average contractual interest rate from 8.5% to 0.0%.
Weighted average contractual interest rate, before modification	8.50%
Weighted average contractual interest rate, after modification	0%

LOANS AND ALLOWANCE FOR CRED_13

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Schedule of Financing Receivable, Age Analysis of Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Financial Asset, Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	$ 2,126,982	$ 2,312,778
Financial Asset, Not Past Due [Member] | ASU 2022-02
Financing Receivable, Past Due [Line Items]
Total loans	155
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	2,289	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	53
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
Agricultural | Financial Asset, Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	11,252	12,669
Agricultural | Financial Asset, Not Past Due [Member] | ASU 2022-02
Financing Receivable, Past Due [Line Items]
Total loans	102
Agricultural | Financing Receivables, 30 to 89 Days Past Due | ASU 2022-02
Financing Receivable, Past Due [Line Items]
Total loans	0
Agricultural | Financing Receivables, Equal to or Greater than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans	21	$ 0
Agricultural | 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_2

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER DEBT - Narrative (Details) - USD ($)	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Line of Credit Facility [Line Items]
Securities sold under agreements to repurchase	$ 31,164,000	$ 25,172,000
Long-term line of credit	0	4,500,000
Federal home loan bank advances	0	140,000,000
Line of Credit
Line of Credit Facility [Line Items]
Federal funds, maximum amount available	75,000,000
Federal home loan bank advances	0	0
Revolving Credit Facility
Line of Credit Facility [Line Items]
Line of credit facility, current borrowing capacity	25,000,000
Long-term line of credit	$ 0	$ 4,500,000
Spread on variable rate	8%
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]	Prime Rate [Member]
Floor | Revolving Credit Facility
Line of Credit Facility [Line Items]
Spread on variable rate	3.50%

SUBORDINATED DEBT - Schedule of

SUBORDINATED DEBT - Schedule of Subordinated Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Subordinated debt	$ 43,885	$ 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	34,668	34,568
Other Debentures
Debt Instrument [Line Items]
Subordinated debt	$ 2,000	$ 4,000

SUBORDINATED DEBT - Narrative (

SUBORDINATED DEBT - Narrative (Details) - USD ($) $ in Thousands	1 Months Ended	9 Months Ended
	May 31, 2020	Sep. 30, 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		$ 43,885
Subordinated debentures | Trust III Debentures
Debt Instrument [Line Items]
Spread on variable rate		1.93%
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]		us-gaap:SecuredOvernightFinancingRateSofrMember
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 | DCB Trust I Debentures
Debt Instrument [Line Items]
Spread on variable rate		2.06%
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]		us-gaap:SecuredOvernightFinancingRateSofrMember
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 | 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		$ 2,000
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	Sep. 30, 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	9 Months Ended
	Sep. 30, 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	9 Months Ended
	Sep. 30, 2024 USD ($)
Long-Term Debt, Fiscal Year Maturity [Abstract]
Current Weighted Average Rate, 2024	4%
Thereafter	4.26%
Total scheduled principal payments	$ 44,217
Unamortized debt issuance costs	(332)
Principal Due, 2024	2,000
Thereafter	42,217
Principal payments	$ 43,885

EQUITY AWARDS - Narrative (Deta

EQUITY AWARDS - Narrative (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense	$ 1,259
Unrecognized compensation expense, period for recognition	3 years 14 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	$ 409	$ 445
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	9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 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)	59,000	41,500
Exercised (in shares)	(76,350)	(21,440)
Forfeited (in shares)	(31,900)	(48,450)
Balance (in shares)	416,430	469,430	465,680	497,820
Exercisable
Outstanding (in shares)	230,390	268,030
Weighted-average exercise price (in USD per share)	$ 27.67	$ 25.87
Weighted-average remaining contractual life in years	4 years 3 months 25 days	3 years 11 months 15 days
Aggregate intrinsic value	$ 1,591	$ 956
Weighted-Average Exercise Price
Outstanding at beginning of year (in USD per share)	$ 28.12	$ 28.07	$ 28.07
Granted (in USD per share)	28.86	28.44
Exercised (in USD per share)	22.38	24.05
Forfeited (in USD per share)	32.14	30.62
Balance (in USD per share)	$ 28.96	$ 28.02	$ 28.12	$ 28.07
Weighted-Average Remaining Contractual Life in Years
Outstanding	5 years 11 months 8 days	5 years 6 months 10 days	5 years 5 months 15 days	5 years 10 months 13 days
Aggregate Intrinsic Value
Outstanding	$ 2,782	$ 3,402	$ 3,402
Outstanding	$ 2,380	$ 1,228	$ 2,782	$ 3,402

EQUITY AWARDS - Schedule of Non

EQUITY AWARDS - Schedule of Nonvested Stock Option Activity (Details) - $ / shares	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Number of Shares
Nonvested at beginning of year (in shares)	182,570	216,480
Granted (in shares)	59,000	41,500
Vested (in shares)	(33,430)	(35,860)
Forfeited (in shares)	(22,100)	(20,720)
Balance (in shares)	186,040	201,400
Weighted-Average Exercise Price
Nonvested at beginning of year (in USD per share)	$ 6.10	$ 5.95
Granted (in USD per share)	6.36	5.82
Vested (in USD per share)	5.69	5.82
Forfeited (in USD per share)	9.05	12.41
Balance (in USD per share)	$ 6.21	$ 5.95

EQUITY AWARDS - Information Rel

EQUITY AWARDS - Information Related to Stock Options Plan (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
Intrinsic value of options exercised	$ 916	$ 99
Cash received from options exercised	$ 1,710	$ 516
Weighted average fair value of options granted (in USD per share)	$ 6.36	$ 5.82

EQUITY AWARDS - Summary of Rest

EQUITY AWARDS - Summary of Restricted Stock Awards and Units Activity (Details) - Restricted Stock Awards - $ / shares	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Number of Shares
Nonvested at beginning of year (in shares)	15,390	18,930
Granted (in shares)	2,388	2,056
Vested (in shares)	(4,211)	(3,670)
Forfeited (in shares)	(400)	(1,076)
Balance (in shares)	13,167	16,240
Weighted-Average Grant Date Fair Value
Nonvested at beginning of year	$ 28.87	$ 27.51
Granted	30.49	34.1
Vested	29.28	28.57
Forfeited	32.94	28.93
Balance	$ 28.9	$ 28.02

EMPLOYEE BENEFITS - Narrative (

EMPLOYEE BENEFITS - Narrative (Details) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 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	$ 1,243	$ 1,258
Employee stock ownership plan, shares held under plan (in shares)	902,977
Employee stock ownership plan, unallocated shares (in shares)	0
Cash surrender value of life insurance	$ 42,623		$ 42,348
Bonus expense	2,395	2,877
Executive Incentive Retirement Plan | Postretirement Life Insurance
Defined Benefit Plan Disclosure [Line Items]
Cash surrender value of life insurance	42,623		42,348
Plan cost	714	$ 764
Plan obligation	$ 6,693		$ 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	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Operating leases, option to extend	10 years
Operating lease right-of-use assets	$ 12,167		$ 12,485
Operating lease right-of-use liabilities	12,833		$ 13,128
Cash paid for operating leases	1,738	$ 1,691
Occupancy Expenses
Operating leases, rental expense	$ 1,762	$ 1,724
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	Sep. 30, 2024	Dec. 31, 2023
Operating leases
Operating lease right-of-use assets	$ 12,167	$ 12,485
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets	Other Assets
Operating lease liabilities	$ 12,833	$ 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	2.44%	2.28%

LEASES - Schedule of Minimum Fu

LEASES - Schedule of Minimum Future Lease Payments Under Non-Cancelable Operating Leases (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Leases [Abstract]
2024	$ 605
2025	2,303
2026	2,068
2027	1,906
2028	1,859
Thereafter	4,569
Total lease payments	13,310
Less: interest	(477)
Present value of lease liabilities	$ 12,833	$ 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		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Income tax expense for the period	$ 1,788	$ 1,437	$ 5,164	$ 5,789
Effective tax rate	19.50%	18.60%	19.38%	19.34%

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Federal statutory tax rate	21%	21%	21%	21%

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Narrative (Details) - USD ($)	Sep. 30, 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	Sep. 30, 2024	Dec. 31, 2023
Commitments to extend credit
Other Commitments [Line Items]
Off-balance sheet liability	$ 302,337	$ 336,036
Letters of credit
Other Commitments [Line Items]
Off-balance sheet liability	$ 9,578	$ 7,536

REGULATORY MATTERS - Narrative

REGULATORY MATTERS - Narrative (Details) - USD ($) $ in Thousands	Sep. 30, 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	Sep. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Total capital to risk-weighted assets:
Actual, Amount	$ 375,097	$ 367,526
Actual, Ratio	0.1659	0.1522
Minimum Required for Capital Adequacy Purposes, Amount	$ 180,892	$ 193,232
Minimum Required for Capital Adequacy Purposes, Ratio	0.08	0.08
Minimum Required Under Basel III (Including Buffer), Amount	$ 237,421	$ 253,617
Minimum Required Under Basel III (Including Buffer), Ratio	0.105	0.105
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 226,115	$ 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	$ 312,161	$ 302,757
Actual, Ratio	0.1381	0.1253
Minimum Required for Capital Adequacy Purposes, Amount	$ 135,669	$ 144,924
Minimum Required for Capital Adequacy Purposes, Ratio	0.06	0.06
Minimum Required Under Basel III (Including Buffer), Amount	$ 192,198	$ 205,309
Minimum Required Under Basel III (Including Buffer), Ratio	0.085	0.085
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 135,669	$ 144,924
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.06	0.06
Tier 1 capital to average assets:
Actual, Amount	$ 312,161	$ 302,757
Actual, Ratio	0.1021	0.0947
Minimum Required for Capital Adequacy Purposes, Amount	$ 122,241	$ 127,878
Minimum Required for Capital Adequacy Purposes, Ratio	0.04	0.04
Minimum Required Under Basel III (Including Buffer), Amount	$ 122,241	$ 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	$ 304,944	$ 295,540
Actual, Ratio	0.1349	0.1224
Minimum Required for Capital Adequacy Purposes, Amount	$ 101,752	$ 108,693
Minimum Required for Capital Adequacy Purposes, Ratio	4.50%	4.50%
Minimum Required Under Basel III (Including Buffer), Amount	$ 158,280	$ 169,078
Minimum Required Under Basel III (Including Buffer), Ratio	7%	7%
Bank
Total capital to risk-weighted assets:
Actual, Amount	$ 370,734	$ 373,778
Actual, Ratio	0.1641	0.1549
Minimum Required for Capital Adequacy Purposes, Amount	$ 180,727	$ 193,035
Minimum Required for Capital Adequacy Purposes, Ratio	0.08	0.08
Minimum Required Under Basel III (Including Buffer), Amount	$ 237,204	$ 253,359
Minimum Required Under Basel III (Including Buffer), Ratio	0.105	0.105
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 225,908	$ 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	$ 342,492	$ 343,607
Actual, Ratio	0.1516	0.1424
Minimum Required for Capital Adequacy Purposes, Amount	$ 135,545	$ 144,777
Minimum Required for Capital Adequacy Purposes, Ratio	0.06	0.06
Minimum Required Under Basel III (Including Buffer), Amount	$ 192,022	$ 205,100
Minimum Required Under Basel III (Including Buffer), Ratio	0.085	0.085
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 180,727	$ 193,035
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.08	0.08
Tier 1 capital to average assets:
Actual, Amount	$ 342,492	$ 343,607
Actual, Ratio	0.1124	0.1078
Minimum Required for Capital Adequacy Purposes, Amount	$ 121,853	$ 127,531
Minimum Required for Capital Adequacy Purposes, Ratio	0.04	0.04
Minimum Required Under Basel III (Including Buffer), Amount	$ 121,853	$ 127,531
Minimum Required Under Basel III (Including Buffer), Ratio	0.04	0.04
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 152,317	$ 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	$ 342,492	$ 343,607
Actual, Ratio	0.1516	0.1424
Minimum Required for Capital Adequacy Purposes, Amount	$ 101,659	$ 108,582
Minimum Required for Capital Adequacy Purposes, Ratio	4.50%	4.50%
Minimum Required Under Basel III (Including Buffer), Amount	$ 158,136	$ 168,906
Minimum Required Under Basel III (Including Buffer), Ratio	7%	7%
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 146,840	$ 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 ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	$ 277,567	$ 196,195
Cash surrender value of life insurance	42,623	42,348
Individually evaluated collateral dependent loans		14,527
Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually evaluated collateral dependent loans	2,048,172	2,187,669
Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	219,434	149,812
Collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	14,725	17,074
Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	2,441	2,504
Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	26,000	26,805
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	770	976
Cash surrender value of life insurance	42,623	42,348
SBA servicing assets	535	691
Assets (liabilities) at fair value on a recurring basis: | Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	14,967
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	219,434	149,812
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	14,725	17,074
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	2,441	2,504
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	26,000	26,805
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	15,184
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
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: | Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	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	42,623	42,348
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: | Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	14,967
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	219,434	149,812
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	14,725	17,074
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	2,441	2,504
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	26,000	26,805
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	770	976
Cash surrender value of life insurance	0	0
SBA servicing assets	535	691
Individually evaluated collateral dependent loans		14,527
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	2,048,172	2,187,669
Significant Other Unobservable Inputs (Level 3) | Assets (liabilities) at fair value on a recurring basis: | Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0
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 | Other Real Estate Owned
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned	$ 15,184
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

FAIR VALUE - Schedule of Forecl

FAIR VALUE - Schedule of Foreclosed Assets Remeasured and Record at Fair Value (Details) - Revision of Prior Period, Adjustment $ in Thousands	Sep. 30, 2024 USD ($)
Carrying Value
Other real estate owned remeasured at initial recognition:
Carrying value of other real estate owned	$ 14,900
Charge-offs
Other real estate owned remeasured at initial recognition:
Charge-offs/Write-downs recognized in the allowance for credit losses	(900)
Fair Value
Other real estate owned remeasured at initial recognition:
Fair value of other real estate owned	$ 14,000

FAIR VALUE - Additional Informa

FAIR VALUE - Additional Information (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value of other real estate owned		$ 0	$ 0
Individually evaluated collateral dependent loans	$ 0

FAIR VALUE - Schedule of Quanti

FAIR VALUE - Schedule of Quantitative Information About Nonrecurring Level 3 Fair Value Measurements (Details) $ in Thousands	Sep. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Capitalization Rate | Income Approach
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned, input (percent)	0.065
Individually evaluated collateral dependent loans measurement Input, input (percent)		0.065
Capitalization Rate | Significant Other Unobservable Inputs (Level 3) | Other Real Estate Owned | Income Approach | Assets at fair value on a nonrecurring basis:
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned	$ 14,000
Capitalization Rate | Significant Other Unobservable Inputs (Level 3) | Individually evaluated collateral dependent loans | Income Approach | Assets at fair value on a nonrecurring basis:
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Individually evaluated collateral dependent loans		$ 14,527
Cost To Sell | Market Approach
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned, input (percent)	0.26
Cost To Sell | Significant Other Unobservable Inputs (Level 3) | Other Real Estate Owned | Market Approach | Assets at fair value on a nonrecurring basis:
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned	$ 1,184

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	Sep. 30, 2024	Dec. 31, 2023
Financial assets:
Loans, net		$ 14,527
Level 3
Financial assets:
Loans, net		14,527
Reported Value Measurement
Financial assets:
Cash, due from banks, federal funds sold and interest-bearing deposits	$ 162,946	89,524
Marketable securities held to maturity	341,911	404,208
Loans, net	2,107,597	2,290,881
Accrued interest receivable	10,927	13,143
Nonmarketable equity securities	18,148	24,128
Financial liabilities:
Deposits	2,668,914	2,633,246
Securities sold under repurchase agreements	31,164	25,172
Accrued interest payable	5,875	5,272
Federal Home Loan Bank advances	0	140,000
Subordinated debt	43,885	45,785
Fair Value
Financial assets:
Cash, due from banks, federal funds sold and interest-bearing deposits	162,946	89,524
Marketable securities held to maturity	319,313	374,523
Loans, net	2,048,172	2,187,669
Accrued interest receivable	10,927	13,143
Nonmarketable equity securities	18,148	24,128
Financial liabilities:
Deposits	2,675,345	2,634,137
Securities sold under repurchase agreements	31,164	25,172
Accrued interest payable	5,875	5,272
Federal Home Loan Bank advances	0	139,963
Subordinated debt	44,486	46,433
Fair Value | Level 1 Inputs
Financial assets:
Cash, due from banks, federal funds sold and interest-bearing deposits	162,946	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	1,917,016	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	319,313	374,523
Loans, net	0	0
Accrued interest receivable	10,927	13,143
Nonmarketable equity securities	18,148	24,128
Financial liabilities:
Deposits	758,329	706,074
Securities sold under repurchase agreements	31,164	25,172
Accrued interest payable	5,875	5,272
Federal Home Loan Bank advances	0	139,963
Subordinated debt	44,486	46,433
Fair Value | Level 3
Financial assets:
Cash, due from banks, federal funds sold and interest-bearing deposits	0	0
Marketable securities held to maturity	0	0
Loans, net	2,048,172	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		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Earnings Per Share [Abstract]
Net loss attributable to noncontrolling interest	$ (18)	$ (7)	$ (37)	$ (16)

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		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Numerator:
Net earnings attributable to Guaranty Bancshares, Inc.	$ 7,397	$ 6,297	$ 21,520	$ 24,159
Denominator:
Weighted-average shares outstanding (basic)	11,383,027	11,568,897	11,468,117	11,746,630
Effect of dilutive securities:
Common stock equivalent shares from stock options	60,297	50,445	43,701	44,573
Weighted-average shares outstanding (diluted)	11,443,324	11,619,342	11,511,818	11,791,204
Net earnings attributable to Guaranty Bancshares, Inc. per share
Basic	$ 0.65	$ 0.54	$ 1.88	$ 2.06
Diluted	$ 0.65	$ 0.54	$ 1.87	$ 2.05