 Guaranty Bancshares, Inc. NASDAQ: GNTY, the parent company of Guaranty Bank Trust, N.A., today reported financial results for the fiscal quarter ended June 30, 2020. The Companys net income available to common shareholders was 1.1 million, or 0.10 per basic share, for the quarter ended June 30, 2020, compared to 6.3 million, or 0.55 per basic share, for the quarter ended March 31, 2020 and 6.0 million, or 0.52 per basic share, for the quarter ended June 30, 2019. Return on average assets and average equity for the second quarter of 2020 were 0.16 and 1.67, respectively, compared to 1.09 and 9.94, respectively, for the first quarter of 2020 and 1.05 and 9.97, respectively, for the second quarter of 2019. Earnings were impacted during the second quarter of 2020 by a large provision for loan loss reserves resulting from additional assumptions made in our CECL methodology due to COVID-19, which was partially offset by loan origination fees earned from the Small Business Associations SBA Paycheck Protection Program PPP. Net core earnings, excluding provisions for loan losses and income taxes and PPP net origination income, as well as our core net interest margin, adjusted to exclude the effects of PPP loans, are described further in tables below. 