WILSON BANK HOLDING CO
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
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EX-13.1 · Consolidated Statements of Earnings
Consolidated Statements of Earnings
| Dollars In Thousands (except per share data) | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Interest income: | |||
| Interest and fees on loans | $198,739 | 138,161 | 118,676 |
| Interest and dividends on securities: | |||
| Taxable securities | 17,597 | 15,902 | 8,922 |
| Exempt from Federal income taxes | 1,574 | 1,392 | 1,229 |
| Interest on loans held for sale | 244 | 264 | 438 |
| Interest on Federal funds sold | 421 | 111 | 13 |
| Interest on interest bearing deposits | 3,697 | 1,522 | 445 |
| Interest and dividends on restricted equity securities | 311 | 188 | 118 |
| Total interest income | 222,583 | 157,540 | 129,841 |
| Interest expense: | |||
| Interest on negotiable order of withdrawal accounts | 5,847 | 2,546 | 1,866 |
| Interest on money market accounts and other savings accounts | 27,394 | 7,021 | 2,027 |
| Interest on certificates of deposit and individual retirement accounts | 50,341 | 6,486 | 7,610 |
| Interest on Federal funds purchased | 24 | 14 | — |
| Interest on Federal Home Loan Bank advances | 2 | — | 133 |
| Interest on finance leases | 71 | 66 | — |
| Total interest expense | 83,679 | 16,133 | 11,636 |
| Net interest income before provision for credit losses | 138,904 | 141,407 | 118,205 |
| Provision for credit losses - loans | 6,300 | 8,656 | 1,143 |
| Provision for credit losses - off-balance sheet exposures | (2,989) | (1,014) | 262 |
| Net interest income after provision for credit losses | 135,593 | 133,765 | 116,800 |
| Non-interest income | 28,289 | 27,281 | 32,850 |
| Non-interest expense | 100,951 | 92,970 | 85,492 |
| Earnings before income taxes | 62,931 | 68,076 | 64,158 |
| Income taxes | 13,939 | 15,056 | 14,732 |
| Net earnings | 48,992 | 53,020 | 49,426 |
| Net loss (gain) attributable to noncontrolling interest | (54) | 22 | — |
| Net earnings attributable to Wilson Bank Holding Company | $48,938 | 53,042 | 49,426 |
| Basic earnings per common share | $4.21 | 4.66 | 4.44 |
| Diluted earnings per common share | $4.20 | 4.65 | 4.43 |
| Weighted average common shares outstanding: | |||
| Basic | 11,611,690 | 11,377,617 | 11,131,897 |
| Diluted | 11,641,366 | 11,408,924 | 11,162,956 |
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