Wilson Bank Holding Co. Q3 2024 Filing Details

TL;DR

WILSON BANK HOLDING CO Q3 FILING OUT - LOAN DATA & STOCK RIGHTS DETAILED

AI Summary

Wilson Bank Holding Co. reported its Q3 results for the period ending September 30, 2024. The filing details various financial metrics and portfolio segments, including consumer and real estate loans. Specific data points relate to past-due financing receivables and stock appreciation rights.

Why It Matters

This filing provides insight into the financial health and loan portfolio performance of Wilson Bank Holding Co., which can impact investors and depositors.

Risk Assessment

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

Key Numbers

• 2024-09-30 — Reporting Period End Date (Indicates the end of the third quarter for which financial data is reported.)
• 2023-09-30 — Prior Year Q3 End Date (Used for year-over-year comparison of financial performance.)
• 2023-12-31 — Prior Year End Date (Relevant for tracking longer-term financial trends and asset classifications.)

Key Players & Entities

• WILSON BANK HOLDING CO (company) — Filer of the 10-Q report
• 2024-09-30 (date) — End of the reporting period (Q3)
• 6154442265 (phone_number) — Business phone number
• TN (state) — State of incorporation and business address
• LEBANON (city) — City of business address

FAQ

Filing Documents

• ck0000885275-20240930.htm (10-Q) — 6929KB
• ck0000885275-ex31_1.htm (EX-31.1) — 16KB
• ck0000885275-ex31_2.htm (EX-31.2) — 16KB
• ck0000885275-ex32_1.htm (EX-32.1) — 9KB
• ck0000885275-ex32_2.htm (EX-32.2) — 9KB
• 0000950170-24-123778.txt ( ) — 27019KB
• ck0000885275-20240930.xsd (EX-101.SCH) — 1723KB
• ck0000885275-20240930_htm.xml (XML) — 8166KB

Financial Statements

Financial Statements. 4 The unaudited consolidated financial statements of the Company and its subsidiary are as follows: Consolidated Balance Sheets — September 30, 2024 and December 31, 2023. 4 Consolidated Statements of Earnings — For the three and nine months ended September 30, 2024 and 2023. 5 Consolidated Statements of Comprehensive Earnings — For the three and nine months ended September 30, 2024 and 2023. 6 Consolidated Statements of Changes in Stockholders' Equity — For the three and nine months ended September 30, 2024 and 2023 . 7 Consolidated Statements of Cash Flows — For the nine months ended September 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. 61 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. 61 Part II: OTHER INFORMATION 62 Item 1. Legal Proceedings. 62 Item 1A. Risk Factors. 62 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. 62 Item 3. Defaults Upon Senior Securities. 62 Item 4. Mine Safety Disclosures. 62 Item 5. Other Information. 62 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-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 September 30, 2024 and December 31, 2023 (Unaudited) (Audited) September 30, 2024 December 31, 2023 (Dollars in Thousands Except Share Amounts) Assets Loans $ 3,989,374 $ 3,595,523 Less: Allowance for credit losses ( 48,042 ) ( 44,848 ) Net loans 3,941,332 3,550,675 Securities available-for-sale, at market (amortized cost $ 917,048 and $ 930,439 , respectively) 824,055 811,081 Loans held for sale 2,953 2,294 Interest bearing deposits 220,601 213,701 Restricted equity securities 3,876 3,436 Federal funds sold 9,448 10,159 Total earning assets 5,002,265 4,591,346 Cash and due from banks 21,707 28,775 Bank premises and equipment, net 61,795 62,398 Accrued interest receivable 15,756 15,197 Deferred income tax asset 39,510 45,473 Bank owned life insurance 61,486 59,645 Other assets 44,587 38,837 Goodwill 4,805 4,805 Total assets $ 5,251,911 $ 4,846,476 Liabilities and Shareholders' Equity Deposits: Noninterest-bearing $ 397,518 $ 389,725 Interest bearing 920,339 934,709 Savings and money market accounts 1,629,053 1,476,995 Time 1,759,671 1,565,677 Total deposits 4,706,581 4,367,106 Accrued interest payable and other liabilities 61,847 49,965 Total liabilities 4,768,428 4,417,071 Shareholders' equity: Common stock, $ 2.00 par value; authorized 50,000,000 shares, issued and outstanding 11,866,146 and 11,686,363 shares, respectively 23,732 23,373 Additional paid-in capital 149,980 136,866 Retained earnings 378,299 357,260 Noncontrolling interest in consolidated subsidiary 161 69 Accumulated other comprehensive losses, net of taxes of $ 24,304 and $ 31,195 respectively ( 68,689 ) ( 88,163 ) Total shareholders' equity 483,483 429,405 Total liabilities and shareholders

View Full Filing

View this 10-Q filing on SEC EDGAR