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Consolidated Statements of Earnings (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Interest income:        
Interest and fees on loans $ 65,400 $ 52,063 $ 182,079 $ 143,345
Interest and dividends on securities:        
Taxable securities 5,493 4,300 16,215 13,179
Exempt from federal income taxes 352 395 1,202 1,178
Interest on loans held for sale 49 79 145 189
Interest on federal funds sold 127 124 399 329
Interest on balances held at depository institutions 2,281 819 7,390 2,331
Interest and dividends on restricted securities 112 77 271 223
Total interest income 73,814 57,857 207,701 160,774
Interest expense:        
Interest on negotiable order of withdrawal accounts 2,100 1,580 5,807 4,229
Interest on money market and savings accounts 10,405 7,470 29,282 19,368
Interest on time deposits 20,277 14,629 57,526 33,453
Interest on Federal Home Loan Bank advances 0 0 0 2
Interest on Federal funds purchased 0 1 1 24
Interest on finance leases 17 17 49 55
Total interest expense 32,799 23,697 92,665 57,131
Net interest income before provision for credit losses 41,015 34,160 115,036 103,643
Provision for credit losses - loans 3,563 1,641 3,563 5,681
Provision for credit losses - off-balance sheet exposures (563) (677) (563) (2,975)
Net interest income after provision for credit losses 38,015 33,196 112,036 100,937
Non-interest income:        
Service charges on deposit accounts 2,116 2,065 6,102 5,844
Brokerage income 2,107 1,738 6,425 4,962
Debit and credit card interchange income, net 2,014 2,018 6,622 6,476
Other fees and commissions 386 382 1,170 1,075
Income on BOLI and annuity contracts 466 426 1,483 1,372
Gain on sale of loans 637 628 2,262 1,994
Mortgage servicing income (loss), net (2) 3 1 7
Loss on sale of fixed assets (11) (7) (214) (55)
Gain (loss) on sale of securities, net (1,414) 0 (1,732) 3
Loss on sale of other assets (1) (6) (4) (7)
Other income (loss) 84 (42) 140 40
Total non-interest income 6,382 7,205 22,255 21,711
Non-interest expense:        
Salaries and employee benefits 17,889 15,328 51,344 45,474
Occupancy expenses, net 1,503 1,532 4,260 4,475
Advertising & public relations expense 872 910 2,453 2,607
Furniture and equipment expense 774 796 2,276 2,447
Data processing expense 2,432 2,228 7,154 6,477
Directors’ fees 183 174 548 493
FDIC insurance 721 1,209 2,349 2,281
Audit, legal & consulting expenses 438 489 1,143 1,157
Other operating expenses 3,209 2,990 9,039 8,526
Total non-interest expense 28,021 25,656 80,566 73,937
Earnings before income taxes 16,376 14,745 53,725 48,711
Income taxes 3,665 3,266 12,042 10,954
Net earnings 12,711 11,479 41,683 37,757
Net (earnings) loss attributable to noncontrolling interest (25) 7 (92) (41)
Net earnings attributable to Wilson Bank Holding Company $ 12,686 $ 11,486 $ 41,591 $ 37,716
Weighted average number of common shares outstanding-basic (in shares) 11,834,944 11,645,953 11,785,618 11,589,098
Weighted average number of common shares outstanding-diluted (in shares) 11,867,581 11,676,176 11,816,419 11,618,841
Basic earnings per common share (in dollars per share) $ 1.07 $ 0.99 $ 3.53 $ 3.25
Diluted earnings per common share (in dollars per share) 1.07 0.98 3.52 3.25
Dividends per common share (in dollars per share) $ 1 $ 0.75 $ 1.75 $ 1.5