Guaranty earnings up for quarter, year

Net income for the quarter was $1.62 million, up 2.3 percent from $1.59 million in third-quarter 2005. Diluted earnings per share for the quarter were 56 cents, compared to 55 cents the same period last year.

For the nine months ended Sept. 30, net income was up 12.2 percent to $4.77 million from $4.25 million in the same period last year. Earnings per share for the year-to-date were up 10.8 percent to $1.64, from $1.48 last year.

Total assets increased to $518 million during the quarter, up 8 percent from the end of 2005, and total loans increased 7 percent to $465 million compared to the end of last year.

Stockholder’s equity as of Sept. 30 was $44.5 million, or 8.6 percent of total assets. That’s equivalent to a book value per share of $16.01, compared to $15.17 at the end of 2005.

Guaranty Bank has eight locations and 20 automated teller machines in Greene and Christian counties. Shares of the holding company’s stock (Nasdaq: GFED) closed Thursday at $28.33 and were trading down at $28.26 as of 11:20 this morning.