WILSON BANK HOLDING CO

For the period ended Dec 31, 2023. Filed Feb 28, 2024.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 28, 2024

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Contents

EX-13.1 · Statements of Cash Flows

Statements of Cash Flows

	Dollars In Thousands
	2023	2022	2021
Cash flows from operating activities:
Net earnings	$48,938	53,042	49,426
Adjustments to reconcile net earnings to net cash used in operating activities:
Equity in earnings of commercial bank subsidiary	(50,455)	(54,851)	(50,867)
Decrease (increase) in refundable income taxes	53	(176)	(120)
Increase in deferred taxes	(133)	(195)	(174)
Share based compensation expense	1,528	1,866	1,428
Increase in other liabilities	19	14	113
Total adjustments	(48,988)	(53,342)	(49,620)
Net cash used in operating activities	(50)	(300)	(194)
Cash flows from investing activities:
Dividends received from commercial bank subsidiary	2,500	4,200	4,300
Net cash provided by investing activities	2,500	4,200	4,300
Cash flows from financing activities:
Payments made to stock appreciation rights holders	(277)	(644)	(515)
Dividends paid	(17,303)	(20,880)	(14,909)
Proceeds from sale of stock pursuant to dividend reinvestment plan	12,979	16,117	11,188
Proceeds from exercise of stock options	1,044	635	862
Net cash used in financing activities	(3,557)	(4,772)	(3,374)
Net increase (decrease) in cash and cash equivalents	(1,107)	(872)	732
Cash and cash equivalents at beginning of year	4,241	5,113	4,381
Cash and cash equivalents at end of year	$3,134	4,241	5,113

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.