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 Income
Non-Interest Income
The Company's non-interest income is composed of several components, some of which vary significantly between periods. Service charges on deposit accounts and other non-interest income generally reflect the Company’s growth, while fees for origination of mortgage loans and brokerage fees and commissions will often reflect home mortgage market and stock market conditions and fluctuate more widely from period to period.
The following is a summary of our non-interest income 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) | |
| Service charges on deposits | $7,890 | $7,382 | $508 | 6.88% | $7,382 | $6,137 | $1,245 | 20.29% |
| Brokerage income | 7,184 | 6,929 | 255 | 3.68 | 6,929 | 6,368 | 561 | 8.81 |
| Debit and credit card interchange income, net | 8,490 | 8,416 | 74 | 0.88 | 8,416 | 7,783 | 633 | 8.13 |
| Other fees and commissions | 1,408 | 1,653 | (245) | (14.82) | 1,653 | 1,446 | 207 | 14.32 |
| BOLI and annuity earnings | 1,667 | 1,346 | 321 | 23.85 | 1,346 | 1,109 | 237 | 21.37 |
| Gain (loss) on sale of securities, net | (1,009) | (1,620) | 611 | 37.72 | (1,620) | 28 | (1,648) | (5,885.71) |
| Fees and gains on sales of mortgage loans | 2,635 | 2,973 | (338) | (11.37) | 2,973 | 9,997 | (7,024) | (70.26) |
| Mortgage servicing income (loss), net | 9 | (28) | 37 | 132.14 | (28) | — | (28) | (100.00) |
| Loss on sale of other real estate, net | — | — | — | — | — | (15) | 15 | 100.00 |
| Gain (loss) on the sale of fixed assets, net | (55) | 291 | (346) | (118.90) | 291 | (43) | 334 | 776.74 |
| Gain (loss) on sale of other assets, net | (10) | 8 | (18) | (225.00) | 8 | 6 | 2 | 33.33 |
| Other income (loss) | 80 | (69) | 149 | 215.94 | (69) | 34 | (103) | (302.94) |
| Total non-interest income | $28,289 | $27,281 | $1,008 | 3.69% | $27,281 | $32,850 | $(5,569) | (16.95%) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.