Guaranty Bancshares is the holding company for Guaranty Bank & Trust, a Texas community bank serving small- and medium-sized businesses, professionals, and individuals across 33 branches in East Texas, Dallas/Fort Worth, Houston, and Central Texas, with $3.1B in total assets. The bank's core lending focuses on commercial real estate (roughly 41% of loans), C&I, construction and development, and consumer/residential real estate loans. Guaranty makes money primarily through net interest income — the spread between loan and securities yields and deposit funding costs — with fee income (wealth management, SBA loan sales, treasury management) contributing about 17% of total revenue. A key funding advantage is the bank's granular, relationship-driven deposit base of roughly 90,000 accounts averaging under $30,000 each, with noninterest-bearing demand deposits representing about 31% of total deposits, reducing reliance on expensive wholesale funding. Guaranty also operates a trust and wealth management division offering investment management, trustee, and retirement plan services. The bank grows organically by deepening relationships in existing markets, supplemented by de novo branch openings — hiring local bankers to anchor new Texas market entry — and opportunistic bolt-on acquisitions of smaller Texas banks. Insiders, including an employee stock ownership plan, collectively own roughly 22.5% of shares, which management views as central to its owner-operator culture.