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 · Premises and Equipment
Premises and Equipment
The detail of premises and equipment at December 31, 2023 and 2022 is as follows:
| In Thousands | ||
|---|---|---|
| 2023 | 2022 | |
| Land | $20,822 | $20,822 |
| Buildings | 49,784 | 46,579 |
| Leasehold improvements | 1,710 | 1,621 |
| Furniture and equipment | 16,524 | 14,858 |
| Automobiles | 345 | 373 |
| Construction-in-progress | 2,469 | 2,711 |
| 91,654 | 86,964 | |
| Less accumulated depreciation | (29,256) | (24,933) |
| $62,398 | $62,031 | |
During 2023, 2022 and 2021, payments of $1,442,000, $379,000 and $1,227,000, respectively, were made to an entity owned by a director for the construction of buildings utilized by Wilson Bank and repair work on existing buildings utilized by Wilson Bank.
Depreciation expense was$4,221,000, $4,370,000 and $4,235,000 for the years ended December 31, 2023, 2022 and 2021, respectively.
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