Guaranty Bancshares, Inc. (NYSE:GNTY) Q2 2023 Earnings Conference Call July 17, 2023 11:00 AM ET
Company Participants
Ty Abston - Chairman and Chief Executive Officer
Cappy Payne - Senior Executive Vice President and Chief Financial Officer
Shalene Jacobson - Executive Vice President and Chief Financial Officer of the Bank
Conference Call Participants
Matt Olney - Stephens, Inc.
Michael Rose - Raymond James
Graham Dick - Piper Sandler
Brady Gailey - KBW
Operator
Good morning. Welcome to Guaranty Bancshares Second Quarter of 2023 Earnings Call. My name is Nona Branch, and I will be your operator for today's call. This call is being recorded. After our prepared remarks, there will be a Q&A session.
For our host today for today's call will be Ty Abston, Chairman and Chief Executive Officer of the company; Cappy Payne, Senior Executive Vice President, and Chief Financial Officer of the company; Shalene Jacobson, Executive Vice President, and Chief Financial Officer of the bank.
To begin our call, I will now turn it over to our CEO Ty Abston.
Ty Abston
Thank you, Nona. Good morning, everyone, and welcome to our earnings call for the second quarter. We have a presentation, I'm going to have Cappy and Shalene go through and then when we're done, we'll answer any questions anyone has. Cappy?
Cappy Payne
Thank you, Ty. Good morning, everyone. Let's take a quick look at the balance sheet first. We have a -- if you're joining us on your computer, you see a PowerPoint presentation where we have some bullet points.
Our total assets for the quarter were down about a $150 million, that’s about 4.5% to the total balance at June 30 of $3.21 billion. The biggest drivers of that on the liability side, we show the Federal Home Loan Bank advances were down $145 million and deposits were down about $20 million.
Then on the asset side, of course, you'll see in the press release, the decreases were mainly driven by Fed funds were down about $50 million. Our securities portfolio was down about $46 million and then the loans were down about $44 million for the quarter. To give a little of securities detail -- the securities portfolio detail, we did have $25 million in short-term treasuries mature during the quarter, and then the rest of that decrease was pretty much from normal pay downs and a few maturities of municipal bonds in the portfolio.