Revenue during the quarter grew 7.53 percent to $6.40 million from $5.95 million in the previous year period. Net interest income for the quarter rose 5.71 percent over the prior year period to $5.56 million. Non-interest income for the quarter rose 34.25 percent over the last year period to $1.27 million.

Guaranty Federal Bancshares has made provision of $0.42 million for loan losses during the quarter, up 70 percent from $0.25 million in the same period last year.

Net interest margin improved 4 basis points to 3.45 percent in the quarter from 3.41 percent in the last year period. Efficiency ratio for the quarter improved to 63.96 percent from 64.13 percent in the previous year period. A decline in efficiency ratio indicates a rise in profitability.

Deposits stood at $505.36 million as on Dec. 31, 2016, down 2.32 percent compared with $517.39 million on Dec. 31, 2015.

Investments stood at $92.43 million as on Dec. 31, 2016, down 5.04 percent or $4.91 million from year-ago. Shareholders equity was at $69.97 million as on Dec. 31, 2016.

Return on average assets moved up 1 basis points to 0.89 percent in the quarter from 0.88 percent in the last year period. At the same time, return on average equity decreased 4 basis points to 8.54 percent in the quarter from 8.58 percent in the last year period.

Nonperforming assets moved down 29.93 percent or $4.83 million to $11.31 million on Dec. 31, 2016 from $16.15 million on Dec. 31, 2015. Meanwhile, nonperforming assets to total assets was 1.64 percent in the quarter, down from 2.47 percent in the last year period.

Equity to assets ratio was stable at 10.17 percent in the quarter, when compared with the last year period.