Guaranty Bancshares, Inc. (NYSE:GNTY) Q1 2022 Earnings Conference Call April 18, 2022 11:00 AM ET
Company Participants
Ty Abston - Chairman and CEO
Cappy Payne - Senior Executive Vice President and CFO
Shalene Jacobson - Executive Vice President and Chief Risk Officer
Conference Call Participants
Brady Gailey - KBW
Michael Rose - Raymond James
Matt Olney - Stephens
Brad Milsaps - Piper Sandler
Operator
Good morning. Welcome to the Guaranty Bancshares' First Quarter 2022 Earnings Call. My name is Nona Branch, and I will be your operator for today's call. A reminder that this call is being recorded. After the prepared remarks, there will be a Q&A session.
Our host 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; Shalene Jacobson, Executive Vice President and Chief Risk Officer.
To begin our call, I will now turn it over to our CEO, Ty Abston.
Ty Abston
Thank you Nona. Good morning everyone. Welcome to our call for the first quarter, earnings call for Guaranty Bancshares’. As we noted in our press release this morning, the company had a very good quarter. We had very strong growth and good earnings for our company. As we mentioned, we did unwind all of our COVID related reserves and Shalene will go through that in a little bit. We did offset most of that negative or that release with additional reserves on some of the macro factors we're seeing out there and the economy and everything going on right now and we'll discuss that further too.
I'm going to turn it over to Cappy Payne to go through the numbers. And then when we're done, we'll do Q&A and cover anything you'd like to cover, Cappy?
Cappy Payne
Thank you, Ty. Thanks for joining us, everyone. As Ty said, we had a good quarter, starting off 2022. A lot of key components on our balance sheet saw nice increases. Our total assets were up $104 million for the quarter now stands at just under $3.2 billion. I think obviously the biggest component of that component of that is loans. They closed that little over $2 billion. And looking at the growth for the quarter ex-PPP and warehouse lending, we had a nice increase of $157 million, that's 8.6% of those loans when you when you take out PPP and warehouse.