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Guaranty Bank posts 4Q loss, annual gains

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Springfield-based bank holding company Guaranty Federal Bancshares Inc. (Nasdaq: GFED) reported fourth-quarter losses per share of 6 cents, up from a 37-cent loss in fiscal 2009, according to a news release.

Guaranty Federal posted a quarterly loss of $149,000, compared to a fourth-quarter 2009 net loss of $972,000.

The holding company of Guaranty Bank, however, finished its fiscal year in the black.

In fiscal 2010, which ended Dec. 31, the company posted earnings per share of 19 cents, compared to losses per share of $1.29 to close fiscal 2009.

The company ended fiscal 2010 with net income of $497,000, compared to a net loss of $3.4 million in fiscal 2009.

As of Dec. 31, the company's total assets were $683 million. Its nonperforming assets were $33.6 million.

Guaranty Federal Bancshares operates nine full-service Guaranty Bank branches in Greene and Christian counties.

Guaranty Federal Bancshares shares were trading at $6.17 as of 11:15 a.m., compared to a 52-week range of $4.30 to $6.50.[[In-content Ad]]

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