Wilson Bank Holding Co. Files Q2 2024 10-Q

TL;DR

**WILSON BANK HOLDING CO 10-Q FILED: Q2 2024 RESULTS SHOW ASSET DETAILS. BANKING SECTOR WATCH.**

AI Summary

Wilson Bank Holding Co. reported its Q2 results for the period ending June 30, 2024. The filing details financial performance and asset classifications, including loans and real estate. Key financial data from previous years (2020-2023) and specific dates like April 1, 2023, and June 30, 2024, are referenced.

Why It Matters

This filing provides insight into the financial health and operational status of Wilson Bank Holding Co., which can influence investor decisions and market perception of regional banks.

Risk Assessment

Risk Level: low — The filing is a standard quarterly report with no immediate red flags or significant negative events indicated.

Key Numbers

• 2023 — Fiscal Year End (Indicates the end of the company's fiscal year.)
• 2020-2023 — Historical Data Reference (Years for which historical financial data is referenced.)
• 2024-06-30 — Reporting Period End Date (The specific date through which financial information is reported.)

Key Players & Entities

• WILSON BANK HOLDING CO (company) — Filer of the 10-Q report
• 20240630 (date) — End of the reporting period
• 6154442265 (phone_number) — Business phone number
• TN (state) — State of incorporation and business address
• LEBANON (city) — City of business and mailing address

FAQ

Filing Documents

• ck0000885275-20240630.htm (10-Q) — 6875KB
• ck0000885275-ex31_1.htm (EX-31.1) — 15KB
• ck0000885275-ex31_2.htm (EX-31.2) — 15KB
• ck0000885275-ex32_1.htm (EX-32.1) — 9KB
• ck0000885275-ex32_2.htm (EX-32.2) — 9KB
• 0000950170-24-093384.txt ( ) — 26795KB
• ck0000885275-20240630.xsd (EX-101.SCH) — 1690KB
• ck0000885275-20240630_htm.xml (XML) — 8121KB

Financial Statements

Financial Statements. 4 The unaudited consolidated financial statements of the Company and its subsidiary are as follows: Consolidated Balance Sheets — June 30, 2024 and December 31, 2023. 4 Consolidated Statements of Earnings — For the three and six months ended June 30, 2024 and 2023. 5 Consolidated Statements of Comprehensive Earnings — For the three and six months ended June 30, 2024 and 2023. 6 Consolidated Statements of Changes in Stockholders' Equity — For the three and six months ended June 30, 2024 and 2023 . 7 Consolidated Statements of Cash Flows — For the six months ended June 30, 2024 and 2023. 8 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations. 42 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk. 60 Disclosures required by Item 3 are incorporated by reference to Management's Discussion and Analysis of Financial Condition and Results of Operations. Item 4.

Controls and Procedures

Controls and Procedures. 60 Part II: OTHER INFORMATION 61 Item 1. Legal Proceedings. 61 Item 1A. Risk Factors. 61 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. 61 Item 3. Defaults Upon Senior Securities. 61 Item 4. Mine Safety Disclosures. 61 Item 5. Other Information. 61 Item 6. Exhibits. 63

Signatures

Signatures 64 EX-31.1 SECTION 302 CERTIFICATION OF THE CEO EX-31.2 SECTION 302 CERTIFICATION OF THE CFO EX-32.1 SECTION 906 CERTIFICATION OF THE CEO EX-32.2 SECTION 906 CERTIFICATION OF THE CFO EX-101.INS EX-101.SCH EX-101.CAL EX-101.DEF EX-101.LAB EX-101.PRE EX-104 Table of Contents

Financ ial Information

Part I. Financ ial Information

Financia l Statements

Item 1. Financia l Statements WILSON BANK HOLDING COMPANY Consolidated B alance Sheets June 30, 2024 and December 31, 2023 (Unaudited) (Audited) June 30, 2024 December 31, 2023 (Dollars in Thousands Except Share Amounts) Assets Loans $ 3,757,406 $ 3,595,523 Less: Allowance for credit losses ( 44,661 ) ( 44,848 ) Net loans 3,712,745 3,550,675 Securities available-for-sale, at market (amortized cost $ 983,185 and $ 930,439 , respectively) 856,427 811,081 Loans held for sale 3,374 2,294 Interest bearing deposits 154,735 213,701 Restricted equity securities 3,876 3,436 Federal funds sold 9,464 10,159 Total earning assets 4,740,621 4,591,346 Cash and due from banks 25,463 28,775 Bank premises and equipment, net 62,141 62,398 Accrued interest receivable 15,807 15,197 Deferred income tax asset 47,548 45,473 Bank owned life insurance 61,028 59,645 Other assets 38,344 38,837 Goodwill 4,805 4,805 Total assets $ 4,995,757 $ 4,846,476 Liabilities and Shareholders' Equity Deposits: Noninterest-bearing $ 395,386 $ 389,725 Interest bearing 925,588 934,709 Savings and money market accounts 1,558,866 1,476,995 Time 1,611,515 1,565,677 Total deposits 4,491,355 4,367,106 Accrued interest payable and other liabilities 55,345 49,965 Total liabilities 4,546,700 4,417,071 Shareholders' equity: Common stock, $ 2.00 par value; authorized 50,000,000 shares, issued and outstanding 11,751,947 and 11,686,363 shares, respectively 23,504 23,373 Additional paid-in capital 141,657 136,866 Retained earnings 377,390 357,260 Noncontrolling interest in consolidated subsidiary 136 69 Accumulated other comprehensive losses, net of taxes of $ 33,128 and $ 31,195 respectively ( 93,630 ) ( 88,163 ) Total shareholders' equity 449,057 429,405 Total liabilities and shareholders' equity

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View this 10-Q filing on SEC EDGAR