WILSON BANK HOLDING CO
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
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FY2024 · Filed Feb 28, 2025
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Consolidated Statements of Earnings
| Dollars In Thousands (except per share data) | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Interest income: | |||
| Interest and fees on loans | $250,273 | 198,739 | 138,161 |
| Interest and dividends on securities: | |||
| Taxable securities | 21,569 | 17,597 | 15,902 |
| Exempt from Federal income taxes | 1,488 | 1,574 | 1,392 |
| Interest on loans held for sale | 189 | 244 | 264 |
| Interest on Federal funds sold | 513 | 421 | 111 |
| Interest on interest bearing deposits | 9,753 | 3,697 | 1,522 |
| Interest and dividends on restricted equity securities | 331 | 311 | 188 |
| Total interest income | 284,116 | 222,583 | 157,540 |
| Interest expense: | |||
| Interest on negotiable order of withdrawal accounts | 8,014 | 5,847 | 2,546 |
| Interest on money market accounts and other savings accounts | 40,238 | 27,394 | 7,021 |
| Interest on certificates of deposit and individual retirement accounts | 78,491 | 50,341 | 6,486 |
| Interest on Federal funds purchased | 1 | 24 | 14 |
| Interest on Federal Home Loan Bank advances | — | 2 | — |
| Interest on finance leases | 65 | 71 | 66 |
| Total interest expense | 126,809 | 83,679 | 16,133 |
| Net interest income before provision for credit losses | 157,307 | 138,904 | 141,407 |
| Provision for credit losses - loans | 5,192 | 6,300 | 8,656 |
| Provision for credit losses - off-balance sheet exposures | (592) | (2,989) | (1,014) |
| Net interest income after provision for credit losses | 152,707 | 135,593 | 133,765 |
| Non-interest income | 28,954 | 28,289 | 27,281 |
| Non-interest expense | 108,421 | 100,951 | 92,970 |
| Earnings before income taxes | 73,240 | 62,931 | 68,076 |
| Income taxes | 16,576 | 13,939 | 15,056 |
| Net earnings | 56,664 | 48,992 | 53,020 |
| Net loss (gain) attributable to noncontrolling interest | (134) | (54) | 22 |
| Net earnings attributable to Wilson Bank Holding Company | $56,530 | 48,938 | 53,042 |
| Basic earnings per common share | $4.79 | 4.21 | 4.66 |
| Diluted earnings per common share | $4.78 | 4.20 | 4.65 |
| Weighted average common shares outstanding: | |||
| Basic | 11,806,822 | 11,611,690 | 11,377,617 |
| Diluted | 11,838,589 | 11,641,366 | 11,408,924 |
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