v3.26.1
Segment Information
 3 Months Ended
Mar. 31, 2026
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 2025 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 Lending 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, a concentration of deposit accounts with various public bodies, such as state or local municipalities exists, as described in "Deposits and Other Liabilities".

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

The following tables reflect consolidated financial data of the Company’s reportable segment for the three months ended March 31, 2026 and 2025:

 

 

Banking Segment

 

 

 

Dollars In Thousands

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2026

 

 

2025

 

Interest income

 

$

84,253

 

 

 

76,502

 

Reconciliation of revenue

 

 

 

 

 

 

Other revenues

 

 

9,610

 

 

 

8,097

 

Total consolidated revenues

 

$

93,863

 

 

 

84,599

 

Less:

 

 

 

 

 

 

Interest expense

 

 

30,425

 

 

 

31,923

 

Segment net interest income and noninterest income

 

$

63,438

 

 

 

52,676

 

Less:

 

 

 

 

 

 

Provision for credit losses - loans

 

 

2,541

 

 

 

2,233

 

Provision for credit losses - off-balance sheet exposures

 

 

144

 

 

 

(393

)

Salaries and employee benefits

 

 

19,540

 

 

 

17,872

 

Data processing expense

 

 

3,096

 

 

 

2,614

 

Occupancy expenses, net

 

 

1,672

 

 

 

1,459

 

Advertising & public relations expense

 

 

771

 

 

 

743

 

Furniture and equipment expense

 

 

677

 

 

 

763

 

FDIC insurance

 

 

939

 

 

 

1,131

 

Other segment items (a)

 

 

5,072

 

 

 

4,676

 

Income tax expense

 

 

6,725

 

 

 

5,181

 

Segment net earnings/consolidated net earnings

 

$

22,261

 

 

 

16,397

 

Net earnings attributable to noncontrolling interest

 

 

—

 

 

 

(5

)

Net earnings attributable to Wilson Bank Holding Company

 

$

22,261

 

 

 

16,392

 

 

 

 

Banking Segment

 

 

 

Dollars in Thousands

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2026

 

 

2025

 

Reconciliation of net earnings

 

 

 

 

 

 

Net earnings for reportable segment

 

$

22,261

 

 

 

16,392

 

Other earnings

 

 

—

 

 

 

—

 

Net earnings attributable to Wilson Bank Holding Company

 

$

22,261

 

 

 

16,392

 

 

 

 

 

Banking Segment

 

 

 

Dollars in Thousands

 

 

 

March 31, 2026

 

 

December 31, 2025

 

Reconciliation of assets

 

 

 

 

 

 

Total assets for reportable segment

 

$

5,991,280

 

 

 

5,878,956

 

Other assets

 

 

—

 

 

 

—

 

Total consolidated assets

 

$

5,991,280

 

 

 

5,878,956

 

 

(a) Other segment items includes audit, legal & consulting expenses, directors' fees, fees and licenses, telephone expenses, franchise tax, and other overhead expenses.