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 · Non-Interest Expenses
Non-Interest Expenses
Non-interest expenses consist primarily of employee costs, FDIC premiums, occupancy expenses, furniture and equipment expenses, advertising and public relations expenses, data processing expenses, directors’ fees, audit, legal and consulting fees, and other operating expenses.
The following is a summary of the Company's non-interest expense for the years ended December 31, 2023, 2022 and 2021 (in thousands):
| Twelve Months Ended December 31, · Twelve Months Ended December 31, | ||||||||
|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | $ Increase (Decrease) | % Increase (Decrease) | 2022 | 2021 | $ Increase (Decrease) | % Increase (Decrease) | |
| Employee salaries and benefits | $59,501 | $56,707 | $2,794 | 4.93% | $56,707 | $52,722 | $3,985 | 7.56% |
| Equity-based compensation | 1,528 | 1,864 | (336) | (18.03) | 1,864 | 1,428 | 436 | 30.53 |
| Occupancy expenses | 6,532 | 5,563 | 969 | 17.42 | 5,563 | 5,473 | 90 | 1.64 |
| Furniture and equipment expenses | 3,202 | 3,389 | (187) | (5.52) | 3,389 | 3,323 | 66 | 1.99 |
| Data processing expenses | 8,810 | 7,337 | 1,473 | 20.08 | 7,337 | 5,780 | 1,557 | 26.94 |
| Advertising expenses | 3,714 | 3,455 | 259 | 7.50 | 3,455 | 2,736 | 719 | 26.28 |
| Accounting, legal & consulting expenses | 1,789 | 1,409 | 380 | 26.97 | 1,409 | 1,287 | 122 | 9.48 |
| FDIC insurance | 3,120 | 1,527 | 1,593 | 104.35 | 1,527 | 1,130 | 397 | 35.13 |
| Directors’ fees | 713 | 650 | 63 | 9.69 | 650 | 686 | (36) | (5.25) |
| Other operating expenses | 12,042 | 11,069 | 973 | 8.79 | 11,069 | 10,927 | 142 | 1.30 |
| Total non-interest expense | $100,951 | $92,970 | $7,981 | 8.58% | $92,970 | $85,492 | $7,478 | 8.75% |
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