v3.25.2
Segment Information
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Segment Information

Note 13. Segment Information

The Bank is a full-service bank operating throughout middle Tennessee which conducts business as a single operating segment, banking. The Bank offers a wide range of banking services, including checking, savings and money market deposit accounts, certificates of deposit, loans for consumer, commercial and real estate purposes, and investment advisory services through a third-party registered broker-dealer investment adviser. Management views the product offerings as an integrated banking service which is the basis for identifying the single banking segment. Substantially all revenues are derived from the Company's geographical area identified in Note 1, Summary of Significant Accounting Policies of this Quarterly Report on Form 10-Q. The accounting policies of the banking segment are the same as those described in Note 1 of our 2024 Form 10-K.

The Company’s Chief Operating Decision-Maker ("CODM") is made up of the Chief Executive Officer, Chief Financial Officer, President, Chief Administration Officer, Chief Credit Officer, Chief Risk Officer, Chief Operating Officer, Chief Experience Officer, Chief Human Resources Officer, and Chief Information Officer. The key measure of banking segment profit or loss that the CODM uses to allocate resources and assess performance is the Company’s consolidated net earnings, as reported on the Company's Consolidated Statements of Earnings. The measure of banking segment assets is reported on the Company’s Consolidated Balance Sheets as total assets.

The CODM uses consolidated net earnings to evaluate income generated from banking segment assets (return on assets) in deciding whether to reinvest profits into the operations or into other parts of the entity, such as to pay dividends.

Net income is used to monitor budgeted versus actual results. The monitoring of budgeted versus actual results is used in assessing performance of the banking segment.

All expense categories on the Consolidated Statements of Earnings are significant and there are no other significant segment expenses that would require disclosure. Assets provided to the CODM are consistent with those reported on the Consolidated Balance Sheets with particular emphasis on the Company’s available liquidity, including its cash and due from banks, federal funds sold, and interest-bearing deposits, capital and regulatory capital requirements.

There are no intra-entity sales or transfers and no significant expense categories regularly provided to the CODM beyond those disclosed in the Consolidated Statements of Earnings. The CODM manages the business using consolidated expense information, as well as regularly provided budgeted or forecasted expense information for the single operating segment.

The banking segment derives revenues from customers through fees and interest charged on lending, deposits, and investment products. The banking segment also derives revenue from various investments as permitted under sound banking practices. The majority of revenues are derived from fees and interest on loans.

Although the Company has a significant amount of long-term customers, there is no reliance or concentration related to any one customer.

There have been no significant asset investments by the banking segment outside of any items included in the consolidated financial statements.

The following tables reflects consolidated financial data of the Company’s reportable segment for the three and six months ended June 30, 2025 and 2024:

 

 

Banking Segment

 

 

 

Dollars In Thousands

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Interest income

 

$

81,094

 

 

 

68,945

 

 

$

157,596

 

 

 

133,887

 

Reconciliation of revenue

 

 

 

 

 

 

 

 

 

 

 

 

Other revenues

 

 

8,942

 

 

 

8,655

 

 

 

17,039

 

 

 

15,873

 

Total consolidated revenues

 

$

90,036

 

 

 

77,600

 

 

$

174,635

 

 

 

149,760

 

Less:

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

32,156

 

 

 

30,485

 

 

 

64,079

 

 

 

59,866

 

Segment net interest income and noninterest income

 

$

57,880

 

 

 

47,115

 

 

$

110,556

 

 

 

89,894

 

Less:

 

 

 

 

 

 

 

 

 

 

 

 

Provision for credit losses - loans

 

 

2,507

 

 

 

—

 

 

 

4,740

 

 

 

—

 

Provision for credit losses - off-balance sheet exposures

 

 

123

 

 

 

—

 

 

 

(270

)

 

 

—

 

Salaries and employee benefits

 

 

18,511

 

 

 

16,910

 

 

 

36,383

 

 

 

33,455

 

Data processing expense

 

 

2,852

 

 

 

2,370

 

 

 

5,445

 

 

 

4,722

 

Occupancy expenses, net

 

 

1,542

 

 

 

1,473

 

 

 

3,001

 

 

 

2,757

 

Advertising & public relations expense

 

 

1,103

 

 

 

832

 

 

 

1,900

 

 

 

1,581

 

Furniture and equipment expense

 

 

749

 

 

 

756

 

 

 

1,512

 

 

 

1,502

 

FDIC insurance

 

 

1,025

 

 

 

721

 

 

 

2,156

 

 

 

1,628

 

Other segment items (a)

 

 

4,540

 

 

 

3,370

 

 

 

9,183

 

 

 

6,900

 

Income tax expense

 

 

5,793

 

 

 

4,490

 

 

 

10,974

 

 

 

8,377

 

Segment net earnings/consolidated net earnings

 

$

19,135

 

 

 

16,193

 

 

$

35,532

 

 

 

28,972

 

Net earnings attributable to noncontrolling interest

 

 

(20

)

 

 

(56

)

 

 

(25

)

 

 

(67

)

Net earnings attributable to Wilson Bank Holding Company

 

$

19,115

 

 

 

16,137

 

 

$

35,507

 

 

 

28,905

 

 

 

 

Banking Segment

 

 

 

Dollars in Thousands

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Reconciliation of net earnings

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings for reportable segment

 

$

19,115

 

 

 

16,137

 

 

$

35,507

 

 

 

28,905

 

Other earnings

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Net earnings attributable to Wilson Bank Holding Company

 

$

19,115

 

 

 

16,137

 

 

$

35,507

 

 

 

28,905

 

 

 

 

Banking Segment

 

 

 

Dollars in Thousands

 

 

 

June 30, 2025

 

 

December 31, 2024

 

Reconciliation of assets

 

 

 

 

 

 

Total assets for reportable segment

 

$

5,631,784

 

 

 

5,358,659

 

Other assets

 

 

—

 

 

 

—

 

Total consolidated assets

 

$

5,631,784

 

 

 

5,358,659

 

 

(a) Other segment items includes equity-based compensation, accounting, legal & consulting expenses, directors' fees, fees and licenses, telephone expenses, franchise tax, and other overhead expenses.