XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Statements of Earnings (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Interest income:        
Interest and fees on loans $ 47,998 $ 32,304 $ 91,282 $ 61,908
Interest and dividends on securities:        
Taxable securities 4,394 3,943 8,879 7,174
Exempt from federal income taxes 393 355 783 679
Interest on loans held for sale 39 14 110 168
Interest on federal funds sold 163 59 205 66
Interest on balances held at depository institutions 925 396 1,512 541
Interest and dividends on restricted securities 75 26 146 60
Total interest income 53,987 37,097 102,917 70,596
Interest expense:        
Interest on negotiable order of withdrawal accounts 1,389 457 2,649 922
Interest on money market and savings accounts 6,685 676 11,898 1,118
Interest on time deposits 11,837 1,090 18,824 2,311
Interest on Federal Home Loan Bank advances 0 0 2 0
Interest on Federal funds purchased 1 0 23 0
Interest on finance leases 22 17 38 33
Total interest expense 19,934 2,240 33,434 4,384
Net interest income before provision for credit losses 34,053 34,857 69,483 66,212
Provision for credit losses - loans 2,078 1,625 4,040 3,517
Provision for credit losses - off-balance sheet exposures (1,020) (608) (2,298) 217
Net interest income after provision for credit losses 32,995 33,840 67,741 62,478
Non-interest income:        
Service charges on deposit accounts 1,911 1,777 3,779 3,496
Brokerage income 1,572 1,690 3,224 3,429
Debit and credit card interchange income, net 2,486 2,573 4,458 4,367
Other fees and commissions 356 460 693 768
Income on BOLI and annuity contracts 504 382 946 717
Gain on sale of loans 636 511 1,366 2,725
Mortgage servicing income, net 1 (27) 4 (27)
Gain (loss) on sale of fixed assets (6) 0 (48) 28
Gain on sale of securities 3 0 3 0
Gain (loss) on sale of other assets 0 0 (1) 8
Other income (loss) 40 2 82 (8)
Total non-interest income 7,503 7,368 14,506 15,503
Non-interest expense:        
Salaries and employee benefits 15,129 14,514 30,146 28,910
Occupancy expenses, net 1,529 1,397 2,943 2,745
Advertising & public relations expense 929 688 1,697 1,347
Furniture and equipment expense 818 853 1,648 1,709
Data processing expense 2,192 1,868 4,404 3,625
Directors’ fees 175 148 319 301
Audit, legal & consulting expenses 246 191 513 418
Other operating expenses 3,441 3,065 6,611 5,898
Total non-interest expense 24,459 22,724 48,281 44,953
Earnings before income taxes 16,039 18,484 33,966 33,028
Income taxes 3,617 4,343 7,688 7,514
Net earnings 12,422 14,141 26,278 25,514
Net earnings attributable to noncontrolling interest (33) (2) (48) (2)
Net earnings attributable to Wilson Bank Holding Company $ 12,389 $ 14,139 $ 26,230 $ 25,512
Weighted average number of common shares outstanding-basic (in shares) 11,576,716 11,339,057 11,560,199 11,307,763
Weighted average number of common shares outstanding-diluted (in shares) 11,606,946 11,370,255 11,590,173 11,339,264
Basic earnings per common share (in dollars per share) $ 1.07 $ 1.25 $ 2.27 $ 2.26
Diluted earnings per common share (in dollars per share) 1.07 1.24 2.26 2.25
Dividends per common share (in dollars per share) $ 0 $ 0.35 $ 0.75 $ 1.10