Document And Entity Information
Document And Entity Information - USD ($) | Dec. 31, 2021 | Dec. 31, 2021 | Mar. 15, 2022 | Jun. 30, 2021 |
Document Information [Line Items] | ||||
Entity Registrant Name | WILSON BANK HOLDING COMPANY | |||
Current Fiscal Year End Date | --12-31 | |||
Document Fiscal Period Focus | FY | |||
Document Fiscal Year Focus | 2021 | |||
Document, Type | 10-K | |||
Document, Annual Report | true | |||
Document, Period End Date | Dec. 31, 2021 | |||
Document, Transition Report | false | |||
Entity, File Number | 0-20402 | |||
Entity, Incorporation, State or Country Code | TN | |||
Entity, Tax Identification Number | 62-1497076 | |||
Entity, Address, Address Line One | 623 West Main Street | |||
Entity, Address, City or Town | Lebanon | |||
Entity, Address, State or Province | TN | |||
Entity, Address, Postal Zip Code | 37087 | |||
City Area Code | 615 | |||
Local Phone Number | 444-2265 | |||
Title of 12(g) Security | Common Stock, $2.00 par value per share | |||
No Trading Symbol Flag | true | |||
Entity, Well-known Seasoned Issuer | No | |||
Entity, Voluntary Filers | No | |||
Entity, Current Reporting Status | Yes | |||
Entity, Interactive Data, Current | Yes | |||
Entity, Filer Category | Accelerated Filer | |||
Entity, Small Business | false | |||
Entity, Emerging Growth Company | false | |||
ICFR Auditor Attestation Flag | true | |||
Entity, Shell Company | false | |||
Entity, Public Float | $ 640,889,006 | |||
Entity, Common Stock Shares, Outstanding | 11,307,595 | |||
Documents Incorporated By Reference Text Block | Part of Form 10-K Documents from which portions are incorporated by reference Part II Portions of the Registrant’s Annual Report to Shareholders for the fiscal year ended December 31, 2021 are incorporated by reference into Items 1, 5, 7, 7A and 8. Part III Portions of the Registrant’s Proxy Statement to be filed relating to the Registrant’s Annual Meeting of Shareholders to be held on April 28, 2022 are incorporated by reference into Items 10, 11, 12, 13 and 14. | |||
Amendment Flag | false | |||
Entity Central Index Key | 0000885275 | |||
Auditor Name | MAGGART & ASSOCIATES, P.C. | MAGGART & ASSOCIATES, P.C. | ||
Auditor Location | Nashville, Tennessee | Nashville, Tennessee | ||
Auditor Firm ID | 763 | 763 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
ASSETS | ||
Loans, net of allowance for loan losses of $39,632 and $38,539, respectively | $ 2,444,282,000 | $ 2,282,766,000 |
Available-for-sale securities, at market (amortized cost $906,135 and $570,842, respectively) | 897,585,000 | 580,543,000 |
Loans held for sale | 11,843,000 | 19,474,000 |
Interest bearing deposits | 400,940,000 | 304,750,000 |
Federal funds sold | 27,055,000 | 675,000 |
Restricted equity securities, at cost | 5,089,000 | 5,089,000 |
Total earning assets | 3,786,794,000 | 3,193,297,000 |
Cash and due from banks | 25,423,000 | 33,431,000 |
Premises and equipment, net | 62,846,000 | 58,202,000 |
Accrued interest receivable | 7,641,000 | 7,516,000 |
Deferred income taxes | 12,792,000 | 7,089,000 |
Bank owned life insurance | 46,206,000 | 35,197,000 |
Goodwill | 4,805,000 | 4,805,000 |
Other assets | 43,089,000 | 30,067,000 |
Total assets | 3,989,596,000 | 3,369,604,000 |
LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
Deposits | 3,555,071,000 | 2,960,595,000 |
Federal Home Loan Bank advances | 0 | 3,638,000 |
Accrued interest and other liabilities | 20,808,000 | 25,250,000 |
Total liabilities | 3,575,879,000 | 2,989,483,000 |
Stockholders’ equity: | ||
Common stock, par value $2.00 per share, authorized 50,000,000 shares, 11,201,504 and 10,993,404 shares issued and outstanding, respectively | 22,403,000 | 21,987,000 |
Additional paid-in capital | 105,177,000 | 93,034,000 |
Retained earnings | 292,452,000 | 257,935,000 |
Net unrealized gains (losses) on available-for-sale securities, net of taxes of $2,235 and $2,536, respectively | (6,315,000) | 7,165,000 |
Total stockholders’ equity | 413,717,000 | 380,121,000 |
Total liabilities and stockholders’ equity | $ 3,989,596,000 | $ 3,369,604,000 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Loans, allowance for loan losses | $ 39,632 | $ 38,539 | $ 28,726 |
Available-for-sale, amortized cost | $ 906,135 | $ 570,842 | |
Common stock, par value (in dollars per share) | $ 2 | $ 2 | |
Common stock, shares authorized (in shares) | 50,000,000 | 50,000,000 | |
Common stock, shares issued (in shares) | 11,201,504 | 10,993,404 | |
Common stock, shares outstanding (in shares) | 11,201,504 | 10,993,404 | |
Net unrealized gains on available-for-sale securities, income taxes | $ 2,235 | $ 2,536 |
Consolidated Statements of Earn
Consolidated Statements of Earnings - USD ($) | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Interest income: | |||
Interest and fees on loans | $ 118,676,000 | $ 113,224,000 | $ 105,783,000 |
Interest and dividends on securities: | |||
Taxable securities | 8,922,000 | 7,272,000 | 8,559,000 |
Exempt from Federal income taxes | 1,229,000 | 1,102,000 | 773,000 |
Interest on loans held for sale | 438,000 | 616,000 | 325,000 |
Interest on Federal funds sold | 13,000 | 56,000 | 275,000 |
Interest on interest bearing deposits | 445,000 | 582,000 | 2,164,000 |
Interest and dividends on restricted equity securities | 118,000 | 116,000 | 198,000 |
Total interest income | 129,841,000 | 122,968,000 | 118,077,000 |
Interest expense: | |||
Interest on negotiable order of withdrawal accounts | 878,000 | 1,314,000 | 2,311,000 |
Interest on money market accounts and other savings accounts | 2,027,000 | 4,163,000 | 6,855,000 |
Interest on certificates of deposit and individual retirement accounts | 7,610,000 | 10,939,000 | 12,896,000 |
Interest on Federal funds purchased | 0 | 0 | 4,000 |
Interest on Federal Home Loan Bank advances | 133,000 | 967,000 | 581,000 |
Total interest expense | 10,648,000 | 17,383,000 | 22,647,000 |
Net interest income before provision for loan losses | 119,193,000 | 105,585,000 | 95,430,000 |
Provision for loan losses | 1,143,000 | 9,696,000 | 2,040,000 |
Net interest income after provision for loan losses | 118,050,000 | 95,889,000 | 93,390,000 |
Non-interest income | 37,096,000 | 33,140,000 | 28,349,000 |
Non-interest expense | 90,988,000 | 80,919,000 | 74,628,000 |
Earnings before income taxes | 64,158,000 | 48,110,000 | 47,111,000 |
Income taxes | 14,732,000 | 9,618,000 | 11,067,000 |
Net earnings | $ 49,426,000 | $ 38,492,000 | $ 36,044,000 |
Basic earnings per common share (in dollars per share) | $ 4.44 | $ 3.52 | $ 3.36 |
Diluted earnings per common share (in dollars per share) | $ 4.43 | $ 3.51 | $ 3.35 |
Weighted average common shares outstanding: | |||
Basic (in shares) | 11,131,897 | 10,927,065 | 10,743,269 |
Diluted (in shares) | 11,162,956 | 10,953,746 | 10,761,467 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Earnings - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Net earnings | $ 49,426 | $ 38,492 | $ 36,044 |
Other comprehensive earnings (losses): | |||
Unrealized gains (losses) on available-for-sale securities | (18,223) | 9,645 | 11,101 |
Reclassification adjustment for net losses (gains) included in net earnings | (28) | (882) | 268 |
Unrealized gain in value of securities available-for-sale, taxes | 4,771 | (2,291) | (2,971) |
Other comprehensive earnings (losses) | (13,480) | 6,472 | 8,398 |
Comprehensive earnings | $ 35,946 | $ 44,964 | $ 44,442 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands | Cumulative Effect, Period of Adoption, Adjustment [Member]Common Stock Outstanding [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]Additional Paid-in Capital [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]Retained Earnings [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Common Stock Outstanding [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member] | Total |
Balance (Accounting Standards Update 2016-02 [Member]) at Dec. 31, 2018 | $ 0 | $ 0 | $ (27) | $ 0 | $ (27) | |||||
Balance at Dec. 31, 2018 | $ 21,248 | $ 73,960 | $ 208,164 | $ (7,705) | $ 295,667 | |||||
Cash dividends declared | 0 | 0 | (11,725) | 0 | (11,725) | |||||
Issuance of shares of common stock pursuant to dividend reinvestment plan | 358 | 8,776 | 0 | 0 | 9,134 | |||||
Issuance of shares of common stock pursuant to exercise of stock options | 44 | 731 | 0 | 0 | 775 | |||||
Share based compensation expense | 0 | 347 | 0 | 0 | 347 | |||||
Net change in fair value of available-for-sale securities during the year, net of taxes | 0 | 0 | 0 | 8,398 | 8,398 | |||||
Repurchase of common shares | (64) | (1,565) | 0 | 0 | (1,629) | |||||
Net earnings for the year | 0 | 0 | 36,044 | 0 | 36,044 | |||||
Balance at Dec. 31, 2019 | 21,586 | 82,249 | 232,456 | 693 | 336,984 | |||||
Cash dividends declared | 0 | 0 | (13,013) | 0 | (13,013) | |||||
Issuance of shares of common stock pursuant to dividend reinvestment plan | 361 | 9,695 | 0 | 0 | 10,056 | |||||
Issuance of shares of common stock pursuant to exercise of stock options | 40 | 678 | 0 | 0 | 718 | |||||
Share based compensation expense | 0 | 412 | 0 | 0 | 412 | |||||
Net change in fair value of available-for-sale securities during the year, net of taxes | 0 | 0 | 0 | 6,472 | 6,472 | |||||
Net earnings for the year | 0 | 0 | 38,492 | 0 | 38,492 | |||||
Balance at Dec. 31, 2020 | 21,987 | 93,034 | 257,935 | 7,165 | 380,121 | |||||
Cash dividends declared | 0 | 0 | (14,909) | 0 | (14,909) | |||||
Issuance of shares of common stock pursuant to dividend reinvestment plan | 373 | 10,815 | 0 | 0 | 11,188 | |||||
Issuance of shares of common stock pursuant to exercise of stock options | 43 | 819 | 0 | 0 | 862 | |||||
Share based compensation expense | 0 | 509 | 0 | 0 | 509 | |||||
Net change in fair value of available-for-sale securities during the year, net of taxes | 0 | 0 | 0 | (13,480) | (13,480) | |||||
Net earnings for the year | 0 | 0 | 49,426 | 0 | 49,426 | |||||
Balance at Dec. 31, 2021 | $ 22,403 | $ 105,177 | $ 292,452 | $ (6,315) | $ 413,717 |
Consolidated Statements of Ch_2
Consolidated Statements of Changes in Stockholders' Equity (Parentheticals) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Cash dividends declared, per share (in dollars per share) | $ 1.35 | $ 1.20 | $ 1.10 |
Issuance of shares of common stock pursuant to dividend reinvestment plan, shares (in shares) | 186,583 | 180,424 | 179,199 |
Issuance of shares of common stock, shares (in shares) | 21,517 | 19,981 | 21,764 |
Net change in fair value of available-for-sale securities during the period, taxes | $ 4,771 | $ (2,291) | $ (2,971) |
Repurchase of common shares (in shares) | 31,774 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
OPERATING ACTIVITIES | |||
Consolidated net income | $ 49,426,000 | $ 38,492,000 | $ 36,044,000 |
Adjustments to reconcile consolidated net income to net cash provided by operating activities | |||
Provision for loan losses | 1,143,000 | 9,696,000 | 2,040,000 |
Deferred income taxes provision | (932,000) | (3,304,000) | (478,000) |
Depreciation and amortization of premises and equipment | 4,235,000 | 4,250,000 | 3,984,000 |
Loss on disposal of premises and equipment | 43,000 | 63,000 | 128,000 |
Net amortization of securities | 5,377,000 | 4,588,000 | 2,510,000 |
Net realized losses (gains) on sales of securities | (28,000) | (882,000) | 268,000 |
Gains on mortgage loans sold, net | (9,997,000) | (9,560,000) | (6,802,000) |
Stock-based compensation expense | 1,428,000 | 1,180,000 | 786,000 |
Loss (gain) on other real estate | 15,000 | (658,000) | 48,000 |
Loss (gain) on sale of repossessed assets | (6,000) | 4,000 | 4,000 |
Increase in value of life insurance and annuity contracts | (1,109,000) | (959,000) | (723,000) |
Mortgage loans originated for resale | (215,813,000) | (213,483,000) | (160,921,000) |
Proceeds from sale of mortgage loans | 233,441,000 | 221,748,000 | 157,028,000 |
Gain on lease modification | 0 | (29,000) | 0 |
Right of use asset amortization | 387,000 | 376,000 | 268,000 |
Change in | |||
Accrued interest receivable | (125,000) | (1,571,000) | 779,000 |
Other assets | (4,458,000) | (805,000) | 258,000 |
Accrued interest payable | (1,458,000) | (763,000) | 682,000 |
Other liabilities | (121,000) | 1,855,000 | 443,000 |
TOTAL ADJUSTMENTS | 12,022,000 | 11,746,000 | 302,000 |
NET CASH PROVIDED BY OPERATING ACTIVITIES | 61,448,000 | 50,238,000 | 36,346,000 |
INVESTING ACTIVITIES | |||
Purchases | (530,155,000) | (409,996,000) | (255,432,000) |
Sales | 39,652,000 | 54,870,000 | 37,325,000 |
Maturities, prepayments and calls | 149,861,000 | 200,785,000 | 90,805,000 |
Purchase of restricted equity securities | 0 | (409,000) | (1,668,000) |
Net increase in loans | (164,095,000) | (236,411,000) | (43,568,000) |
Purchase of buildings, leasehold improvements, and equipment | (8,922,000) | (2,220,000) | (6,044,000) |
Proceeds from sale of other assets | 109,000 | 9,000 | 14,000 |
Proceeds from sale of other real estate | 167,000 | 2,307,000 | 952,000 |
Purchase of life insurance and annuity contracts | (15,079,000) | (6,687,000) | 0 |
Increase in other investments | (2,000,000) | 0 | 0 |
NET CASH USED IN INVESTING ACTIVITIES | (530,462,000) | (397,752,000) | (177,616,000) |
FINANCING ACTIVITIES | |||
Net change in deposits - non-maturing | 612,696,000 | 563,605,000 | 163,721,000 |
Net change in deposits - time | (18,220,000) | (20,615,000) | 18,229,000 |
Net change in Federal Home Loan Bank Advances | (3,638,000) | (19,975,000) | 23,613,000 |
Change in escrow balances | (4,403,000) | 5,824,000 | (269,000) |
Issuance of common stock related to exercise of stock options | 862,000 | 718,000 | 775,000 |
Issuance of common stock pursuant to dividend reinvestment plan | 11,188,000 | 10,056,000 | 9,134,000 |
Repurchase of common stock | 0 | 0 | (1,629,000) |
Cash dividends paid on common stock | (14,909,000) | (13,013,000) | (11,725,000) |
NET CASH PROVIDED BY FINANCING ACTIVITIES | 583,576,000 | 526,600,000 | 201,849,000 |
NET CHANGE IN CASH AND CASH EQUIVALENTS | 114,562,000 | 179,086,000 | 60,579,000 |
CASH AND CASH EQUIVALENTS - BEGINNING OF YEAR | 338,856,000 | 159,770,000 | 99,191,000 |
CASH AND CASH EQUIVALENTS - END OF YEAR | 453,418,000 | 338,856,000 | 159,770,000 |
Supplemental disclosure of cash flow information: | |||
Interest | 12,106,000 | 18,146,000 | 21,965,000 |
Taxes | 16,827,000 | 13,156,000 | 11,731,000 |
Change in fair value of securities available-for-sale, net of taxes of $4,771 in 2021, $(2,291) in 2020, and $(2,971) in 2019 | (13,480,000) | 6,472,000 | 8,398,000 |
Non-cash transfers from loans to other real estate | 182,000 | 992,000 | 884,000 |
Non-cash transfers from other real estate to loans | 0 | 40,000 | 544,000 |
Non-cash transfers from loans to other assets | $ 129,000 | $ 14,000 | $ 18,000 |
Consolidated Statements of Ca_2
Consolidated Statements of Cash Flows (Parentheticals) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Unrealized gain in value of securities available-for-sale, taxes | $ 4,771 | $ (2,291) | $ (2,971) |
Note 1 - Summary of Significant
Note 1 - Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | ( 1 Summary of Significant Accounting Policies The accounting and reporting policies of Wilson Bank Holding Company (“the Company”) and its wholly owned subsidiary, Wilson Bank & Trust (“Wilson Bank” or "the Bank"), are in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and conform to general practices within the banking industry. The following is a brief summary of the significant policies. (a) Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary Wilson Bank. All significant intercompany accounts and transactions have been eliminated in consolidation. (b) Nature of Operations Wilson Bank operates under a state bank charter and provides full banking services. As a Tennessee state-chartered bank that is not e main office and twenty-seven (c) Use of Estimates In preparing consolidated financial statements in conformity with U.S. GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, the valuation of deferred tax assets and other real estate, other-than-temporary impairments of securities, and the fair value of financial instruments. (d) Significant Group Concentrations of Credit Risk Most of the Company’s activities are with customers located within Middle Tennessee. The types of securities in which the Company invests are described in note 3. 2. not one 2. Residential 1 4 d 27%, 35% and 24% and 23%, 36% and 21% of the December 31, 2021 2020 (e) Loans The Company grants mortgage, commercial and consumer loans to customers. A substantial portion of the loan portfolio is represented by mortgage loans throughout Middle Tennessee. The ability of the Company’s debtors to honor their contracts is dependent upon the real estate and general economic conditions in this area. Loans that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off generally are reported at their outstanding unpaid principal balances adjusted for unearned income, the allowance for loan losses, and any unamortized deferred fees or costs on originated loans, and premiums or discounts on purchased loans. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, as well as premiums and discounts, are deferred and amortized on a straight line basis over the respective term of the loan. As part of its routine credit monitoring process, the Company performs regular credit reviews of the loan portfolio and loans receive risk ratings by the assigned credit officer, which are subject to validation by the Company's independent loan review department. Risk ratings are categorized as pass, special mention, substandard or doubtful. The Company believes that its categories follow those outlined by the FDIC, Wilson Bank's primary federal regulator. Generally the accrual of interest on mortgage and commercial loans is discontinued at the time the loan is 90 no 180 All interest accrued but not (f) Allowance for Loan Losses Management provides for loan losses by establishing an allowance. The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to earnings. Loan losses are charged against the allowance when management believes the uncollectability of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. The allowance for loan losses is evaluated on a quarterly basis by management and is based upon management’s quarterly review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may In assessing the adequacy of the allowance, we also consider the results of our ongoing independent loan review process. We undertake this process both to ascertain whether there are loans in the portfolio whose credit quality has weakened over time and to assist in our overall evaluation of the risk characteristics of the entire loan portfolio. Our loan review process includes the judgment of management, independent loan reviewers, and reviews that may third may In addition to the independent loan review process, the aforementioned risk ratings are subject to continual review by loan officers to determine that the appropriate risk ratings are being utilized in our allowance for loan loss process. Each risk rating is also subject to review by our independent loan review department. Currently, our independent loan review department targets reviews of 100% of existing loan relationships with aggregate debt o f $2.0 million and greater and new loans with aggregate debt of $500,000 and greater four The allowance consists of allocated and general components. The allocated component relates to loans that are classified as impaired. For those loans that are individually classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component covers nonclassified loans and is based on historical charge-off experience, historical loan loss factors, loss experience of various loan segments, and other adjustments based on management’s assessment of internal or external influences on credit quality that are not A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not Large groups of smaller balance homogeneous loans are collectively evaluated for impairment. Accordingly, the Company does not Troubled debt restructurings greater than $100,000 are individually evaluated for impairment and included in the separately identified impairment disclosures. TDRs are measured at the present value of estimated future cash flows using the loan's effective rate at inception. If a TDR is considered to be a collateral dependent loan, the loan is reported, net, at the fair value of the collateral. For TDRs that subsequently default, the Company determines the amount of the allowance on that loan in accordance with the accounting policy for the allowance for loan losses on loans individually identified as impaired. The Company incorporates recent historical experience related to TDRs, including the performance of TDRs that subsequently default, into the calculation of the allowance by loan portfolio segment. (g) Debt and Equity Securities Certain debt securities that management has the positive intent and ability to hold to maturity are classified as “held-to-maturity” and recorded at amortized cost. Trading securities are recorded at fair value with changes in fair value included in earnings. Securities not may Other-than-temporary Impairment 1 2 3 no not not” not No December 31, 2021 2020 (h) Equity Securities Equity securities are carried at fair value, with changes in fair value reported in net income. Equity securities without readily determinable fair values are carried at cost, minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment. (i) Transfers of Financial Assets Transfers of financial assets are accounted for as sales when control over the assets has been relinquished. Control over transferred assets is deemed to be surrendered when the assets have been isolated from the Company, the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and the Company does not (j) Federal Home Loan Bank Stock The Company, as a member of the Federal Home Loan Bank (“FHLB”) Cincinnati system, is required to maintain an investment in capital stock of the FHLB. Based on redemption provisions of the FHLB, the stock has no December 31, 2021 tely $3.4 million. St (k) Loans Held for Sale Mortgage loans held for sale are carried at fair value. The fair value of loans held for sale is determined using quoted prices for similar assets, adjusted for specific attributes of that loan. Gains and losses on sales of mortgage loans are based on the difference between the selling price and the carrying value of the related loan sold. (l) Premises and Equipment Premises and equipment are stated at cost. Depreciation is computed primarily by the straight-line method over the estimated useful lives of the related assets ranging from 3 to 40 years. Gains or losses realized on items retired and otherwise disposed of are credited or charged to operations and cost and related accumulated depreciation are removed from the asset and accumulated depreciation accounts. Expenditures for major renovations and improvements of premises and equipment are capitalized and those for maintenance and repairs are charged to earnings as incurred. (m) Foreclosed Assets Assets acquired through, or in lieu of, loan foreclosure are held for sale and are initially recorded at fair value less the estimated cost to sell at the date the Company acquires the property, establishing a new cost basis. Subsequent to their acquisition by the Company, valuations of these assets are periodically performed by management, and the assets are carried at the lower of carrying amount or fair value less cost to sell. Revenue and expenses from operations and changes in the valuation allowance [i.e. any direct write-downs] (n) Goodwill and Intangible Assets The Financial Accounting Standards Board “FASB” Accounting Standards Codification “ASC” 350, Goodwill and Other Intangible Assets 350, not no December 31, 2021 December 31, 2020 (o) Cash and Cash Equivalents For purposes of reporting cash flows, cash and cash equivalents include cash on hand, interest-bearing deposits with maturities fewer than 90 one (p) Long-Term Assets Premises and equipment, intangible assets, and other long-term assets are reviewed for impairment when events indicate their carrying amount may not (q) Bank Owned Life Insurance The Bank has purchased life insurance policies on certain key executives. Bank owned life insurance is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement. (r) Income Taxes The Company accounts for Income Taxes in accordance with income tax accounting guidance (FASB ASC 740, Income Taxes The income tax accounting guidance results in two Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are recognized if it is more likely than not, not" 50 not 50 not not not not The Company recognizes interest and penalties on income taxes as a component of income tax expense. (s) Derivatives Mortgage Banking Derivatives Commitments to fund mortgage loans (interest rate locks) to be sold into the secondary market and forward commitments for the future delivery of these mortgage loans are accounted for as free standing derivatives. The fair value of the interest rate lock is recorded at the time the commitment to fund the mortgage loan is executed and is adjusted for the expected exercise of the commitment before the loan is funded. Fair values of these mortgage derivatives are estimated based on changes in mortgage interest rates from the date the interest rate on the loan is locked. The Company enters into forward commitments for the future delivery of mortgage loans when interest rate locks are entered into, in order to hedge the change in interest rates resulting from its commitments to fund the loans. Changes in the fair values of these derivatives are included in net gains on sale of mortgage loans. Fair Value Hedges For derivative instruments that are designated and qualify as a fair value hedge, the gain or loss on the derivative instrument as well as the offsetting loss or gain on the hedged asset or liability attributable to the hedged risk are recognized in current earnings. The gain or loss on the derivative instrument is presented on the same income statement line item as the earnings effect of the hedged item. The Company utilizes interest rate swaps designated as fair value hedges to mitigate the effect of changing interest rates on the fair values of fixed rate loans. The hedging strategy on loans converts the fixed interest rates to LIBOR-based variable interest rates. These derivatives are designated as partial term hedges of selected cash flows covering specified periods of time prior to the maturity dates of the hedged loans. (t) Equity-Based Incentives Stock compensation accounting guidance (FASB ASC 718, Compensation—Stock Compensation” not not The stock compensation accounting guidance requires that compensation cost for all stock awards be calculated and recognized over the employees’ service period, generally defined as the vesting period. For awards with graded-vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award. The Company uses the Black-Scholes option pricing model to estimate the fair value of stock options and cash-settled SARs. (u) Retirement Plans Employee 401 (v) Advertising Costs Advertising costs are expensed as incurred by the Company and totaled $2,736,000 , $2,487,000 and $2,498,000 f 2021, 2020 2019 (w) Earnings Per Share Basic earnings per share represents income available to common stockholders divided by the weighted-average number of common shares outstanding during the period. Diluted earnings per share reflects additional potential common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Potential common shares that may ( x Comprehensive Income Comprehensive income consists of net income and other comprehensive income. Other comprehensive income includes unrealized gains and losses on securities available for sale, net of taxes, which are also recognized as separate components of equity. (y) Loss Contingencies Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of loss is probable and an amount or range of loss can be reasonably estimated. Management does not (z) Restrictions on Cash Cash on hand or on deposit with the Federal Reserve Bank was required to meet regulatory reserve and clearing requirements. (aa) Segment Reporting Management analyzes the operations of the Company assuming one operating segment, community lending services. (bb) Fair Value of Financial Instruments Fair values of financial instruments are estimated using relevant market information and other assumptions, as more fully disclosed in Note 22 (cc) Reclassification Certain reclassifications have been made to the 2020 2019 2021 (dd) Off-Balance-Sheet Financial Instruments In the ordinary course of business, Wilson Bank has entered into off-balance-sheet financial instruments consisting of commitments to extend credit, commitments under credit card arrangements, commercial letters of credit and standby letters of credit. Such financial instruments are recorded in the financial statements when they are funded or related fees are incurred or received. (ee) Accounting Standard Updates ASU 2016 13, 326 2016 13 2016 13 2016 13 January 1, 2020. March 27, 2020, 2016 13, 60 19 December 31, 2020, December 27, 2020, 2016 13, January 1, 2022. January 1, 2022. 2016 13 mately 2 - 6% in January 1, 2020. December 31, 2021, 2016 13 December 31, 2021. third 2016 13 2016 13 not March 27, 2020 three three 75% 50% 25% not 2016 13 not ASU 2020 4, 848 2020 4 2020 04 not December 31, 2022, December 31, 2022, 2020 4 December 31, 2022. 2020 4 not ASU 2020 08, 310 20, 2020 08 2020 8 January 1, 2021 not ASU 2021 01, 848 2021 01 848 2021 01 848 2021 01 December 31, 2022. 2021 01 not Other than those previously discussed, there were no |
Note 2 - Loans and Allowance fo
Note 2 - Loans and Allowance for Loan Losses | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | ( 2 Loans and Allowance for Loan Losses The classification of loans at December 31, 2021 2020 In Thousands 2021 2020 Mortgage loans on real estate: Residential 1-4 family $ 679,536 535,994 Multifamily 29,300 111,646 Commercial 879,373 837,766 Construction 603,292 488,626 Farmland 9,367 15,429 Second mortgages 10,043 8,433 Equity lines of credit 92,229 78,889 Total mortgage loans on real estate 2,303,140 2,076,783 Commercial loans 116,717 172,811 Agricultural loans 1,438 1,206 Consumer installment loans: Personal 59,513 66,193 Credit cards 5,281 4,324 Total consumer installment loans 64,794 70,517 Other loans 9,849 9,283 2,495,938 2,330,600 Net deferred loan fees (12,024 ) (9,295 ) Total loans 2,483,914 2,321,305 Less: Allowance for loan losses (39,632 ) (38,539 ) Loans, net $ 2,444,282 2,282,766 At December 31, 2021 December 31, 2020 Risk characteristics relevant to each portfolio segment are as follows: Construction and land development: may may may 1 4 1 4 first second 1 4 first second second 1 4 Multi-family and commercial real estate: Commercial real estate lending typically involves higher loan principal amounts and the repayment of these loans is generally largely dependent on the successful operation of the property securing the loan or the business conducted on the property securing the loan. Commercial real estate loans may third 50 third Commercial and industrial: d $5.0 million at December 31, 2021. may not may may may Consumer: may one five may The following tables present the Company’s nonaccrual loans, credit quality indicators and past due loans as of December 31, 2021 2020 Loans on Nonaccrual Status In Thousands 2021 2020 Residential 1-4 family $ — 1,022 Multifamily — — Commercial real estate — 311 Construction — — Farmland — — Second mortgages — — Equity lines of credit — — Commercial — — Agricultural, installment and other — — Total $ — 1,333 At December 31, 2021 y had no imp December 31, 2020 two The impact on net interest income for these loans was not December 31, 2021 2020 2019 Potential problem loans, which include nonperforming loans, amounted to approximatel y million December 31, 2021 million December 31, 2020 The following table presents our loan balances by primary loan classification and the amount classified within each risk rating category. Pass rated loans include all credits other than those included in special mention, substandard and doubtful which are defined as follows: • Special mention loans have potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may • Substandard loans are inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Assets so classified must have a well-defined weakness or weaknesses that jeopardize liquidation of the debt. Substandard loans are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not • Doubtful loans have all the characteristics of substandard loans with the added characteristics that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. The Company considers all doubtful loans to be impaired and places the loans on nonaccrual status. Credit Quality Indicators The following table presents loan balances classified within each risk rating category by primary loan type as of December 31, 2021 December 31, 2020 In Thousands Agricultural, Residential 1-4 Commercial Second Equity Lines Installment and Family Multifamily Real Estate Construction Farmland Mortgages of Credit Commercial Other Total Credit Risk Profile by Internally Assigned Grade December 31, 2021 Pass $ 672,676 29,300 879,109 603,267 9,270 9,851 92,208 116,668 75,903 2,488,252 Special mention 5,405 — — 25 68 161 11 49 136 5,855 Substandard 1,455 — 264 — 29 31 10 — 42 1,831 Total $ 679,536 29,300 879,373 603,292 9,367 10,043 92,229 116,717 76,081 2,495,938 December 31, 2020 Pass $ 529,546 111,646 837,028 488,571 15,301 8,148 78,565 172,779 80,770 2,322,354 Special mention 2,745 — 149 27 79 169 314 — 156 3,639 Substandard 3,703 — 589 28 49 116 10 32 80 4,607 Total $ 535,994 111,646 837,766 488,626 15,429 8,433 78,889 172,811 81,006 2,330,600 Age Analysis of Past Due Loans In Thousands 30-59 Days Past Due 60-89 Days Past Due Nonaccrual and Greater Than 90 Days Total Nonaccrual and Past Due Current Total Loans Recorded Investment Greater Than 90 Days and Accruing December 31, 2021 Residential 1-4 family $ 1,951 169 357 2,477 677,059 679,536 $ 357 Multifamily — — — — 29,300 29,300 — Commercial real estate — — — — 879,373 879,373 — Construction 1,154 215 — 1,369 601,923 603,292 — Farmland — — — — 9,367 9,367 — Second mortgages 121 — — 121 9,922 10,043 — Equity lines of credit 170 — 9 179 92,050 92,229 9 Commercial 58 81 — 139 116,578 116,717 — Agricultural, installment and other 288 99 23 410 75,671 76,081 23 Total $ 3,742 564 389 4,695 2,491,243 2,495,938 $ 389 December 31, 2020 Residential 1-4 family $ 2,634 511 1,818 4,963 531,031 535,994 $ 796 Multifamily — — — — 111,646 111,646 — Commercial real estate — — 460 460 837,306 837,766 149 Construction 768 — 44 812 487,814 488,626 44 Farmland — — — — 15,429 15,429 — Second mortgages 265 — — 265 8,168 8,433 — Equity lines of credit 31 302 — 333 78,556 78,889 — Commercial 114 104 — 218 172,593 172,811 — Agricultural, installment and other 363 81 60 504 80,502 81,006 60 Total $ 4,175 998 2,382 7,555 2,323,045 2,330,600 $ 1,049 Transactions in the allowance for loan losses for the years ended December 31, 2021 2020 In Thousands Agricultural, Residential 1-4 Commercial Second Equity Lines Installment and Family Multifamily Real Estate Construction Farmland Mortgages of Credit Commercial Other Total December 31, 2021 Allowance for loan losses: Beginning balance $ 8,098 1,541 16,802 7,936 154 105 997 1,378 1,528 38,539 Provision 958 (1,145 ) (352 ) 1,356 (60 ) 13 101 (37 ) 309 1,143 Charge-offs — — — (23 ) — — — (33 ) (992 ) (1,048 ) Recoveries 68 — — 394 — — — 6 530 998 Ending balance $ 9,124 396 16,450 9,663 94 118 1,098 1,314 1,375 39,632 Ending balance individually evaluated for impairment $ — — — — — — — — — — Ending balance collectively evaluated for impairment $ 9,124 396 16,450 9,663 94 118 1,098 1,314 1,375 39,632 Loans: Ending balance $ 679,536 29,300 879,373 603,292 9,367 10,043 92,229 116,717 76,081 2,495,938 Ending balance individually evaluated for impairment $ 134 — 531 — — — — — — 665 Ending balance collectively evaluated for impairment $ 679,402 29,300 878,842 603,292 9,367 10,043 92,229 116,717 76,081 2,495,273 In Thousands Agricultural, Residential 1-4 Commercial Second Equity Lines Installment and Family Multifamily Real Estate Construction Farmland Mortgages of Credit Commercial Other Total December 31, 2020 Allowance for loan losses: Beginning balance $ 7,144 1,117 11,114 5,997 187 123 889 1,044 1,111 28,726 Provision 920 424 5,388 1,766 (33 ) (37 ) 74 343 851 9,696 Charge-offs — — — — — — (7 ) (9 ) (898 ) (914 ) Recoveries 34 — 300 173 — 19 41 — 464 1,031 Ending balance $ 8,098 1,541 16,802 7,936 154 105 997 1,378 1,528 38,539 Ending balance individually evaluated for impairment $ 594 — 148 — — — — — — 742 Ending balance collectively evaluated for impairment $ 7,504 1,541 16,654 7,936 154 105 997 1,378 1,528 37,797 Loans: Ending balance $ 535,994 111,646 837,766 488,626 15,429 8,433 78,889 172,811 81,006 2,330,600 Ending balance individually evaluated for impairment $ 2,399 — 970 — — — — — — 3,369 Ending balance collectively evaluated for impairment $ 533,595 111,646 836,796 488,626 15,429 8,433 78,889 172,811 81,006 2,327,231 The following tables present the Company’s impaired loans (including loans on nonaccrual status and loans past due 90 December 31, 2021 2020 In Thousands Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized December 31, 2021 With no related allowance recorded: Residential 1-4 family $ 136 134 — 614 7 Multifamily — — — — — Commercial real estate 532 531 — 303 25 Construction — — — — — Farmland — — — — — Second mortgages — — — — — Equity lines of credit — — — — — Commercial — — — — — Agricultural, installment and other — — — — — $ 668 665 — 917 32 With allowance recorded: Residential 1-4 family $ — — — 602 — Multifamily — — — — — Commercial real estate — — — 342 — Construction — — — — — Farmland — — — — — Second mortgages — — — — — Equity lines of credit — — — — — Commercial — — — — — Agricultural, installment and other — — — — — $ — — — 944 — Total: Residential 1-4 family $ 136 134 — 1,216 7 Multifamily — — — — — Commercial real estate 532 531 — 645 25 Construction — — — — — Farmland — — — — — Second mortgages — — — — — Equity lines of credit — — — — — Commercial — — — — — Agricultural, installment and other — — — — — $ 668 665 — 1,861 32 In Thousands Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized December 31, 2020 With no related allowance recorded: Residential 1-4 family $ 1,162 1,507 — 395 26 Multifamily — — — — — Commercial real estate 311 311 — 311 — Construction — — — — — Farmland — — — — — Second mortgages — — — — — Equity lines of credit — — — — — Commercial — — — — — Agricultural, installment and other — — — — — $ 1,473 1,818 — 706 26 With allowance recorded: Residential 1-4 family $ 1,242 1,240 594 1,273 66 Multifamily — — — — — Commercial real estate 662 659 148 676 22 Construction — — — — — Farmland — — — — — Second mortgages — — — — — Equity lines of credit — — — — — Commercial — — — — — Agricultural, installment and other — — — — — $ 1,904 1,899 742 1,949 88 Total: Residential 1-4 family $ 2,404 2,747 594 1,668 92 Multifamily — — — — — Commercial real estate 973 970 148 987 22 Construction — — — — — Farmland — — — — — Second mortgages — — — — — Equity lines of credit — — — — — Commercial — — — — — Agricultural, installment and other — — — — — $ 3,377 3,717 742 2,655 114 The Company’s loan portfolio includes certain loans that have been modified in a troubled debt restructuring (TDR), where economic or other concessions have been granted to borrowers who have experienced or are expected to experience financial difficulties. The concessions typically result from the Company’s loss mitigation activities and could include reductions in the interest rate, payment extensions, forgiveness of principal, forbearance or other actions. Certain TDRs are classified as nonperforming at the time of restructure and may six The following table summarizes the carrying balances of TDRs at December 31, 2021 December 31, 2020 2021 2020 Performing TDRs $ 876 2,147 Nonperforming TDRs 165 529 Total TDRs $ 1,041 2,676 The following table outlines the amount of each TDR categorized by loan classification for the years ended December 31, 2021 2020 2019 December 31, 2021 December 31, 2020 Number of Contracts Pre Modification Outstanding Recorded Investment Post Modification Outstanding Recorded Investment, Net of Related Allowance Number of Contracts Pre Modification Outstanding Recorded Investment Post Modification Outstanding Recorded Investment, Net of Related Allowance Residential 1-4 family — $ — $ — — $ — $ — Multifamily — — — — — — Commercial real estate — — — 1 111 132 Construction — — — — — — Farmland — — — — — — Second mortgages — — — — — — Equity lines of credit — — — — — — Commercial — — — — — — Agricultural, installment and other — — — — — — Total — $ — $ — 1 $ 111 $ 132 December 31, 2019 Number of Contracts Pre Modification Outstanding Recorded Investment Post Modification Outstanding Recorded Investment, Net of Related Allowance Residential 1-4 family 1 $ 1,338 $ 619 Multifamily — — — Commercial real estate 4 2,677 2,399 Construction — — — Farmland — — — Second mortgages — — — Equity lines of credit — — — Commercial — — — Agricultural, installment and other — — — Total 5 $ 4,015 $ 3,018 As of December 31, 2021 2020 2019 did not twelve In response to the COVID- 19 March 2020 90 90 six may not March 1, 2020 January 1, 2022 60 19 . As of December 31, 2021 , the Bank had no As of December 31, 2021 ad $262,000 of December 31, 2020 The Company’s principal customers are primarily in Middle Tennessee. Credit is extended to businesses and individuals and is evidenced by promissory notes. The terms and conditions of the loans including collateral vary depending upon the purpose of the credit and the borrower’s financial condition. In the normal course of business, Wilson Bank has made loans at prevailing interest rates and terms to directors and executive officers of the Company and to their affiliates. The aggregate amount of these loa ns was and at December 31, 2021 2020 None three December 31, 2021 An analysis of the activity with respect to such loans to related parties is as follows: In Thousands December 31, 2021 2020 Balance, January 1 $ 7,675 12,878 New loans and renewals during the year 11,009 11,153 Repayments (including loans paid by renewal) during the year (12,959 ) (16,356 ) Balance, December 31 $ 5,725 7,675 In 2021, 2020 2019 f $215,813,000, $2 13,483,000 2021, 2020 2019 In some instances, Wilson Bank sells loans that contain provisions which permit the buyer to seek recourse against Wilson Bank in certain circumstances. At December 31, 2021 2020 ted $165,061,000 an d $181,700,000, respectively. At December 31, 2021 , Wilson Bank has not no |
Note 3 - Debt and Equity Securi
Note 3 - Debt and Equity Securities | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | ( 3 Debt and Equity Securities Debt and equity securities have been classified in the consolidated balance sheet according to management’s intent. Debt and equity securities at December 31, 2021 Securities Available-For-Sale In Thousands Gross Unrealized Gross Unrealized Estimated Market Amortized Cost Gains Losses Value U.S. Treasury and other U.S. government agencies $ 7,320 — 99 7,221 U.S. Government-sponsored enterprises (GSEs) 163,700 20 4,490 159,230 Mortgage-backed securities 465,588 2,726 6,537 461,777 Asset-backed securities 46,583 213 83 46,713 Corporate bonds 2,500 75 — 2,575 Obligations of states and political subdivisions 220,444 2,611 2,986 220,069 $ 906,135 5,645 14,195 897,585 The Company’s classification of securities at December 31, 2020 Securities Available-For-Sale In Thousands Gross Unrealized Gross Unrealized Estimated Market Amortized Cost Gains Losses Value U.S. Government-sponsored enterprises (GSEs) $ 125,712 328 135 125,905 Mortgage-backed securities 258,774 5,636 620 263,790 Asset-backed securities 36,394 582 19 36,957 Corporate bonds 2,500 100 — 2,600 Obligations of states and political subdivisions 147,462 4,229 400 151,291 $ 570,842 10,875 1,174 580,543 Included in mortgage-backed securities are collateralized mortgage obligations to taling $130,594,000 (fair value of $128,281,000) and December 31, 2021 2020 The amortized cost and estimated market value of debt securities at December 31, 2021 may In Thousands Securities Available-For-Sale Amortized Cost Estimated Market Value Due in one year or less $ 22 22 Due after one year through five years 57,492 57,441 Due after five years through ten years 240,922 235,883 Due after ten years 607,699 604,239 $ 906,135 897,585 Results from sales of debt and equity securities are as follows: In Thousands 2021 2020 2019 Gross proceeds $ 39,652 54,870 37,325 Gross realized gains $ 137 901 75 Gross realized losses (109 ) (19 ) (343 ) Net realized gains (losses) $ 28 882 (268 ) Securities carried on the balance sheet of approximate ly $368,718,000 (approximate market value of $364,893,000) December 31, 2021 2020 Included in the securities above are $111,103,000 (approximate market value of $110,384,000) and $78,931,000 (approximate market value of $80,713,000) a December 31, 2021 2020 Securities that have rates that adjust prior to maturity totale d $102,590,000 (approximate market value of $101,315,000) and $48,215,000 (approximate market value of $48,439,000) December 31, 2021 2020 Temporarily Impaired Securities The following table shows the gross unrealized losses and fair value of the Company’s available-for-sale securities with unrealized losses that are not December 31, 2021 2020 In Thousands, Except Number of Securities Less than 12 Months 12 Months or More Total Number of Number of Unrealized Securities Unrealized Securities Unrealized 2021 Fair Value Losses Included Fair Value Losses Included Fair Value Losses Available-for-Sale Securities: Debt securities: U.S. Treasury and other U.S. government agencies $ 7,221 $ 99 3 $ — $ — — $ 7,221 $ 99 U.S. Government-sponsored enterprises (GSEs) 110,981 2,466 33 45,725 2,024 19 156,706 4,490 Mortgage-backed securities 317,211 4,644 96 54,692 1,893 33 371,903 6,537 Asset-backed securities 17,945 67 9 484 16 1 18,429 83 Corporate bonds — — — — — — — — Obligations of states and political subdivisions 83,510 1,460 74 36,225 1,526 32 119,735 2,986 $ 536,868 $ 8,736 215 $ 137,126 $ 5,459 85 $ 673,994 $ 14,195 In Thousands, Except Number of Securities Less than 12 Months 12 Months or More Total Number of Number of Unrealized Securities Unrealized Securities Unrealized 2020 Fair Value Losses Included Fair Value Losses Included Fair Value Losses Available-for-Sale Securities: Debt securities: U.S. Government-sponsored enterprises (GSEs) $ 47,991 $ 135 18 $ — $ — — $ 47,991 $ 135 Mortgage-backed securities 78,381 573 29 6,776 47 12 85,157 620 Asset-backed securities 4,950 19 3 — — — 4,950 19 Corporate bonds — — — — — — — — Obligations of states and political subdivisions 44,061 394 33 689 6 1 44,750 400 $ 175,383 $ 1,121 83 $ 7,465 $ 53 13 $ 182,848 $ 1,174 As of December 31, 2021 not not not not December 31, 2021 no |
Note 4 - Leases
Note 4 - Leases | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Lessee, Operating Leases [Text Block] | ( 4 Leases Lessee Accounting The majority of leases in which the Company is the lessee are comprised of real estate property for branches and office space and are recorded as operating leases with terms extending beyond 2026. not 12 The following table represents lease assets and lease liabilities as of December 31, 2021 December 31, 2020 Lease right-of-use assets Classification December 31, 2021 December 31, 2020 Operating lease right-of-use assets Other Assets $ 4,110 3,825 Lease liabilities Classification December 31, 2021 December 31, 2020 Operating lease liabilities Other Liabilities $ 4,247 3,947 The total lease cost related to operating leases and short term leases is recognized on a straight-line basis over the lease term. The components of the Bank's total least cost were as follows for the year ended December 31, 2021 2020 In Thousands 2021 2020 Operating lease cost $ 550 535 Short-term lease cost 40 4 Net lease cost $ 590 539 The weighted average remaining lease term and weighted average discount rate for operating leases at December 31, 2021 2020 2021 2020 Operating Leases Weighted average remaining lease term (in years) 10.42 11.31 Weighted average discount rate 4.00 % 4.00 % Cash flows related to operating leases during the year ended December 31, 2021 2020 In Thousands 2021 2020 Operating cash flows related to operating leases $ 535 426 Future undiscounted lease payments for operating leases with initial terms of more than 12 December 31, 2021 2020 In Thousands 2021 2022 $ 544 2023 553 2024 566 2025 571 2026 576 Thereafter 2,392 Total undiscounted lease payments 5,202 Less: imputed interest (955 ) Net lease liabilities $ 4,247 |
Note 5 - Restricted Equity Secu
Note 5 - Restricted Equity Securities | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Restricted Equity Securities [Text Block] | ( 5 Restricted Equity Securities Restricted equity securities consists of stock of the FHLB of Cincinnati amounting to $5,089,000 a December 31, 2021 2020 |
Note 6 - Premises and Equipment
Note 6 - Premises and Equipment | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | ( 6 Premises and Equipment The detail of premises and equipment at December 31, 2021 2020 In Thousands 2021 2020 Land $ 20,156 17,093 Buildings 46,112 46,584 Leasehold improvements 1,155 573 Furniture and equipment 14,705 13,861 Automobiles 241 175 Construction-in-progress 3,335 317 85,704 78,603 Less accumulated depreciation (22,858 ) (20,401 ) $ 62,846 58,202 During 2021, 2020 2019 f $1,227,000, $571,000 Depreciation expense w as $4,235,000, December 31, 2021 2020 2019 |
Note 7 - Goodwill
Note 7 - Goodwill | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Goodwill Disclosure [Text Block] | ( 7 Goodwill The Company's intangible assets result from the excess of purchase price over the applicable book value of the net assets acquired related to outside ownership of two 50% 2005. In Thousands 2021 2020 Goodwill: Balance at January 1, $ 4,805 4,805 Goodwill acquired during year — — Impairment loss — — Balance at December 31, $ 4,805 4,805 |
Note 8 - Deposits
Note 8 - Deposits | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Deposit Liabilities Disclosures [Text Block] | ( 8 Deposits Deposits at December 31, 2021 2020 In Thousands 2021 2020 Demand deposits $ 506,258 391,360 Savings accounts 296,434 201,984 Negotiable order of withdrawal accounts 957,985 771,195 Money market demand accounts 1,201,235 984,677 Certificates of deposit $250,000 or greater 123,297 112,696 Other certificates of deposit 399,850 425,299 Individual retirement accounts $250,000 or greater 8,618 10,323 Other individual retirement accounts 61,394 63,061 $ 3,555,071 2,960,595 Principal maturities of certificates of deposit and individual retirement accounts at December 31, 2021 (In Thousands) Maturity Total 2022 $ 339,093 2023 137,141 2024 71,616 2025 21,398 2026 23,898 Thereafter 13 $ 593,159 The aggregate amount of overdrafts reclassified as loans receivable was $529,000 an December 31, 2021 2020 The aggregate balances of related party deposits at December 31, 2021 2020 e $5,806,000 and $3,786,000, respectively. As of December 31, 2021 2020 not |
Note 9 - Federal Home Loan Bank
Note 9 - Federal Home Loan Bank Advances | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Federal Home Loan Bank Advances, Disclosure [Text Block] | ( 9 Federal Home Loan Bank Advances At December 31, 2021 December 31, 2020 December 31, 2021, s at December 31, 2020 was . 1 4 s $426,347,000 a December 31, 2021 Required future principal payments on Federal Home Loan Bank borrowings for the year ended December 31, 2020 (In Thousands) Maturity Total 2021 $ 1,350 2022 1,350 2023 788 2024 150 2025 — Thereafter — Total $ 3,638 |
Note 10 - Non-interest Income a
Note 10 - Non-interest Income and Non-interest Expense | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Other Income and Other Expense Disclosure [Text Block] | ( 10 Non-Interest Income and Non-Interest Expense The significant components of non-interest income and non-interest expense for the years ended December 31, 2021 2020 2019 In Thousands 2021 2020 2019 Non-interest income: Service charges on deposits $ 6,137 5,659 6,952 Brokerage income 6,368 4,837 4,411 Debit and credit card interchange income 12,029 9,187 8,301 Other fees and commissions 1,446 1,404 1,608 BOLI and annuity earnings 1,109 959 723 Security gain (loss), net 28 882 (268 ) Fees and gains on sales of mortgage loans 9,997 9,560 6,802 Gain (loss) on sale of other real estate, net (15 ) 658 (48 ) Loss on sale of fixed assets, net (43 ) (63 ) (128 ) Gain (loss) on sale of other assets, net 6 (4 ) (4 ) Other income 34 61 — $ 37,096 33,140 28,349 In Thousands 2021 2020 2019 Non-interest expense: Employee salaries and benefits $ 52,722 45,661 42,541 Equity-based compensation 1,428 1,180 786 Occupancy expenses 5,473 5,216 4,789 Furniture and equipment expenses 3,323 3,267 3,110 Data processing expenses 6,079 5,101 4,495 Advertising expenses 2,736 2,487 2,498 ATM & interchange fees 4,783 3,880 3,439 Accounting, legal & consulting expenses 988 909 1,382 FDIC insurance 1,130 598 373 Directors’ fees 686 634 586 Other operating expenses 11,640 11,986 10,629 $ 90,988 80,919 74,628 |
Note 11 - Income Taxes
Note 11 - Income Taxes | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | ( 11 Income Taxes The components of the net deferred tax asset at December 31, 2021 2020 In Thousands 2021 2020 Deferred tax asset: Federal $ 11,604 9,500 State 3,613 2,913 15,217 12,413 Deferred tax liability: Federal (1,822 ) (4,000 ) State (603 ) (1,324 ) (2,425 ) (5,324 ) Net deferred tax asset $ 12,792 7,089 The tax effects of each type of significant item that gave rise to deferred tax assets (liabilities) at December 31, 2021 2020 In Thousands 2021 2020 Financial statement allowance for loan losses in excess of tax allowance $ 10,129 9,840 Excess of depreciation deducted for tax purposes over the amounts deducted in the financial statements (2,098 ) (2,461 ) Financial statement deduction for deferred compensation in excess of deduction for tax purposes 1,347 1,253 Writedown of other real estate not deductible for income tax purposes until sold — — Financial statement income on FHLB stock dividends not recognized for tax purposes (327 ) (327 ) Unrealized loss (gain) on securities available-for-sale 2,235 (2,535 ) Equity based compensation 1,028 854 Other items, net 478 465 Net deferred tax asset $ 12,792 7,089 The components of income tax expense (benefit) at December 31, 2021, 2020 2019 In Thousands Federal State Total 2021 Current $ 13,580 2,084 15,664 Deferred (698 ) (234 ) (932 ) Total $ 12,882 1,850 14,732 2020 Current $ 11,383 1,539 12,922 Deferred (2,503 ) (801 ) (3,304 ) Total $ 8,880 738 9,618 2019 Current $ 10,134 1,411 11,545 Deferred (335 ) (143 ) (478 ) Total $ 9,799 1,268 11,067 A reconciliation of actual income tax expense of $14,732,000, $9,618,000 and $11,067,000 for the years ended December 31, 2021 2020 2019 2021 2020 2019 In Thousands 2021 2020 2019 Computed “expected” tax expense $ 13,473 10,103 9,893 State income taxes, net of Federal income tax benefit 1,584 552 1,056 Tax exempt interest, net of interest expense exclusion (237 ) (245 ) (186 ) Earnings on cash surrender value of life insurance (205 ) (173 ) (170 ) Expenses not deductible for tax purposes 12 14 37 Equity based compensation (28 ) (6 ) 15 Other 133 (627 ) 422 $ 14,732 9,618 11,067 Total income tax expense for 2021, 2020 2019 s $7,000, $231,000 As of December 31, 2021 2020 2019 not No December 31, 2021 2020 not no The Company and Wilson Bank file income tax returns in the United States (“U.S.”), as well as in the State of Tennessee. The Company is no 2018. December 31, 2005 no |
Note 12 - Commitments and Conti
Note 12 - Commitments and Contingent Liabilities | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | ( 12 Commitments and Contingent Liabilities The Company is party to litigation and claims arising in the normal course of business. Management, after consultation with legal counsel, believes that the liabilities, if any, arising from such litigation and claims will not At December 31, 2021 2020 g $74,817,000 December 31, 2021 2020 was no The Company also has a Cash Management Advance ("CMA") Line of Credit agreement. The CMA is a component of the Company's Blanket Agreement for advances with the FHLB of Cincinnati. The purpose of the CMA is to assist with short-term liquidity management. Under the terms of the CMA, the Company may no tstanding under the CMA at December 31, 2021 December 31, 2020 |
Note 13 - Financial Instruments
Note 13 - Financial Instruments with Off-balance-sheet Risk | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Financial Instruments Disclosure [Text Block] | ( 13 Financial Instruments with Off-Balance-Sheet Risk The Company is party to financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments consist primarily of commitments to extend credit. These instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized in the consolidated balance sheets. The contract or notional amounts of those instruments reflect the extent of involvement the Company has in particular classes of financial instruments. The Company's exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit is represented by the contractual notional amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance-sheet instruments. In Thousands Contract or Notional Amount 2021 2020 Financial instruments whose contract amounts represent credit risk: Unused commitments to extend credit $ 1,147,654 851,196 Standby letters of credit 90,929 81,952 Total $ 1,238,583 933,148 Commitments to extend credit are agreements to lend to a customer as long as there is no may Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third one two December 31, 2021 |
Note 14 - Concentration of Cred
Note 14 - Concentration of Credit Risk | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Concentration Risk Disclosure [Text Block] | ( 14 Concentration of Credit Risk Practically all of the Company’s loans, commitments, and commercial and standby letters of credit have been granted to customers in the Company’s market area. Practically all such customers are depositors of Wilson Bank. The concentrations of credit by type of loan are set forth in note 2 Interest bearing deposits totaling $164,587,000 were deposited with five December 31, 2021 one not Federal funds sold in the amount of $27,055,000 were deposited with one at December 31, 2021 |
Note 15 - Employee Benefit Plan
Note 15 - Employee Benefit Plan | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Retirement Benefits [Text Block] | ( 15 Employee Benefit Plan Wilson Bank has in effect a 401 “401 401 December 31, 2021 2020 2019 ed $3,120,000, $2,926,000 401 |
Note 16 - Dividend Reinvestment
Note 16 - Dividend Reinvestment Plan | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Dividend Reinvestment Plan [Text Block] | ( 16 Dividend Reinvestment Plan Under the terms of the Company’s dividend reinvestment plan (the “DRIP”) holders of common stock may may f 2021 180,424 2020 2019 |
Note 17 - Regulatory Matters an
Note 17 - Regulatory Matters and Restrictions on Dividends | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Restrictions on Dividends, Loans and Advances [Text Block] | ( 17 Regulatory Matters and Restrictions on Dividends Banks and bank holding companies are subject to regulatory capital requirements administered by federal banking agencies. Capital adequacy guidelines and, additionally for banks, prompt corrective action regulations, involve quantitative measures of assets, liabilities, and certain off-balance-sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by regulators. Failure to meet capital requirements can initiate regulatory action. The net unrealized gain or loss on available for sale securities is not December 31, 2021 Prompt corrective action regulations provide five not December 31, 2021 2020 no In October 2019, 1 9 not 9 1 not 25% two 7%. The Company and the Bank each opted to take advantage of this rule effective January 1, 2020. December 31, 2021, 25% December 31, 2020 not January 1, 2020, December 31, 2021, not The Company's and Wilson Bank's actual capital amounts and ratios as of December 31, 2021 December 31, 2020 presented in the following tables. 2.5% not For Classification Under Minimum Corrective Action Plan Actual Capital Adequacy as Well Capitalized Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) December 31, 2021 Total capital to risk weighted assets: Consolidated $ 455,813 13.9 % $ 261,404 8.0 % $ 326,755 10.0 % Wilson Bank 452,130 13.8 261,317 8.0 326,646 10.0 Tier 1 capital to risk weighted assets: Consolidated 415,226 12.7 196,052 6.0 261,403 8.0 Wilson Bank 411,543 12.6 195,987 6.0 261,316 8.0 Common equity Tier 1 capital to risk weighted assets: Consolidated 415,226 12.7 147,039 4.5 N/A N/A Wilson Bank 411,543 12.6 146,990 4.5 212,319 6.5 Tier 1 capital to average assets: Consolidated 415,226 10.8 154,280 4.0 N/A N/A Wilson Bank 411,543 10.7 154,230 4.0 192,787 5.0 For Classification Under Actual Minimum Corrective Action Plan Capital Adequacy as Well Capitalized Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) December 31, 2020 Total capital to risk weighted assets: Consolidated $ 403,419 14.3 % $ 225,405 8.0 % $ 281,757 10.0 % Wilson Bank 400,235 14.2 225,337 8.0 281,671 10.0 Tier 1 capital to risk weighted assets: Consolidated 368,150 13.1 169,055 6.0 225,406 8.0 Wilson Bank 364,976 13.0 169,003 6.0 225,337 8.0 Common equity Tier 1 capital to risk weighted assets: Consolidated 368,150 13.1 126,791 4.5 N/A N/A Wilson Bank 364,976 13.0 126,752 4.5 183,087 6.5 Tier 1 capital to average assets: Consolidated 368,150 11.2 131,996 4.0 N/A N/A Wilson Bank 364,976 11.1 131,959 4.0 164,949 5.0 Dividend Restrictions may |
Note 18 - Salary Deferral Plans
Note 18 - Salary Deferral Plans | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Compensation Related Costs, General [Text Block] | ( 18 Salary Deferral Plans The Company provides some of its officers non-qualified pension benefits through an Executive Salary Continuation Plan ("the Plan") and Supplemental Executive Retirement Plan (SERP) Agreements ("SERP Agreements"). The Plan and SERP Agreements were established by the Board of Directors to reward executive management for past performance and to provide additional incentive to retain the service of executive management. The Plan and SERP Agreements generally provide executives with benefits of a portion of their salary beginning at retirement through life. As a result, the Company has accrued a liability for future obligations under the Plan and SERP Agreements. At December 31, 2021 2020 d $1,660,000 and $1,742,000, December 31, 2021 2020 ents totaled $3,496,000 an December 31, 2021, 2020 2019 The Company has purchased life insurance policies to provide the benefits related to the Plan, which at December 31, 2021 and 2020 had an aggregate cash surrender value of $5,669,000 and $5, $5,547,000, orce of $15,497,000 a The Company has also purchased bank owned life insurance policies on some of its officers. The insurance policies remain the sole property of the Company and are payable to the Company. The cash surrender value of the life insurance contracts tot aled $40,536,000 an ated $98,879,000 an d December 31, 2021 2020 The Company has also purchased Flexible Premium Indexed Deferred Annuity Contracts (“Annuity Contracts”) to provide benefits related to the SERP Agreements. The Annuity Contracts remain the sole property of the Company and are payable to the Company. Included in other assets at December 31, 2021 2020 e of $23,861,000 and $ |
Note 19 - Equity Incentive Plan
Note 19 - Equity Incentive Plan | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Share-based Payment Arrangement [Text Block] | ( 19 Equity Incentive Plan In April 2009, 2009 “2009 2009 April 14, 2009. 2009 2009 2009 2009 April 13, 2019, may 2009 2009 December 31, 2021 2009 During the second quarter of 2016, 2016 2016 January 25, 2016 April 12, 2016. September 26, 2016, 2016 “2016 not may 2016 December 31, 2021 , the Company 2016 December 31, 2021 2016 As of December 31, 2021 December 31, 2021 2020 e $2,708,000 and The fair value of each stock option and cash-settled SAR grant is estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions used for grants in 2021, 2020 2019 2021 2020 2019 Expected dividends 1.53 % 1.56 % 1.60 % Expected term (in years) 9.13 7.38 7.14 Expected stock price volatility 36 % 31 % 25 % Risk-free rate 1.45 % 0.52 % 1.90 % The expected stock price volatility is based on historical volatility adjusted for consideration of other relevant factors. The risk-free interest rates for periods within the contractual life of the awards are based on the U.S. Treasury yield curve in effect at the time of the grant. The dividend yield and forfeiture rate assumptions are based on the Company’s history and expectation of dividend payouts and forfeitures. A summary of the stock option and cash-settled SAR activity for 2021, 2020 2019 2021 2020 2019 Weighted Average Weighted Average Weighted Average Shares Exercise Price Shares Exercise Price Shares Exercise Price Outstanding at beginning of year 284,591 $ 43.71 273,039 $ 41.19 277,820 $ 40.11 Granted 121,830 61.48 43,833 55.72 17,833 51.16 Exercised (48,867 ) 40.76 (24,881 ) 37.84 (22,614 ) 35.78 Forfeited or expired (300 ) 37.60 (7,400 ) 41.70 — — Outstanding at end of year 357,254 $ 50.18 284,591 $ 43.71 273,039 $ 41.19 Options and cash-settled SARs exercisable at year end 159,560 $ 41.93 151,695 $ 40.89 122,932 $ 40.19 The weighted average fair value at the grant date of options and cash-settled SARs granted during the years 2021, 2020 2019 was 2021, 2020 2019 $463,000 The following table summarizes information about outstanding and exercisable stock options and cash-settled SARs at December 31, 2021 Options and Cash-Settled SARs Outstanding Options and Cash-Settled SARs Exercisable Range of Exercise Prices Number Outstanding at 12/31/21 Weighted Average Exercise Price Weighted Average Remaining Contractual Term (In Years) Number Outstanding at 12/31/21 Weighted Average Exercise Price Weighted Average Remaining Contractual Term (In Years) $31.31 - $47.25 178,380 $ 41.09 4.86 147,782 $ 40.98 4.81 $51.00 - $63.25 178,874 $ 59.24 9.15 11,778 $ 53.55 7.88 357,254 159,560 Aggregate intrinsic value (in thousands) $ 4,670 $ 3,406 As of December 31, 2021 al unrecognized cost related to non-vested share-based compensation arrangements granted under the Company’s equity incentive plans. The cost is expected to be recognized over a weighted-average period A summary of restricted stock shares activity is as follows: Restricted Stock Shares Shares Weighted Average Grant-Date Fair Value Outstanding at December 31, 2020 — $ — Granted 1,250 62.10 Vested — — Forfeited — — Outstanding at December 31, 2021 1,250 $ 62.10 The shares vest over three December 31, 2021 , there was $64,000 of unrecognized compensation cost related to non-vested restricted share awards. The cost is expected to be charged over a weighted-average period of 1.82 years for the restricted stock share awards. |
Note 20 - Earnings Per Share
Note 20 - Earnings Per Share | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | ( 20 Earnings Per Share The computation of basic earnings per share is based on the weighted average number of common shares outstanding during the period. The computation of diluted earnings per share for the Company begins with the basic earnings per share plus the effect of common shares contingently issuable from stock options. The following is a summary of the components comprising basic and diluted earnings per share (“EPS”): Years Ended December 31, 2021 2020 2019 Basic EPS Computation: Numerator – Earnings available to common stockholders $ 49,426 38,492 36,044 Denominator – Weighted average number of common shares outstanding 11,131,897 10,927,065 10,743,269 Basic earnings per common share $ 4.44 3.52 3.36 Diluted EPS Computation: Numerator – Earnings available to common stockholders $ 49,426 38,492 36,044 Denominator – Weighted average number of common shares outstanding 11,131,897 10,927,065 10,743,269 Dilutive effect of stock options and restricted stock shares 31,059 26,681 18,198 11,162,956 10,953,746 10,761,467 Diluted earnings per common share $ 4.43 3.51 3.35 |
Note 21 - Derivatives
Note 21 - Derivatives | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Derivative Instruments and Hedging Activities Disclosure [Text Block] | ( 21 Derivatives Derivatives Designated as Fair Value Hedges For derivative instruments that are designated and qualify as a fair value hedge, the gain or loss on the derivative instrument as well as the offsetting loss or gain on the hedged asset or liability attributable to the hedged risk are recognized in current earnings. The gain or loss on the derivative instrument is presented on the same income statement line item as the earnings effect of the hedged item. The Company utilizes interest rate swaps designated as fair value hedges to mitigate the effect of changing interest rates on the fair values of fixed rate loans. The hedging strategy on loans converts the fixed interest rates to LIBOR-based variable interest rates. These derivatives are designated as partial term hedges of selected cash flows covering specified periods of time prior to the maturity dates of the hedged loans. During the second 2020, one 1 A summary of the Company's fair value hedge relationships as of December 31, 2021 December 31, 2020 December 31, 2021 Balance Sheet Location Weighted Average Remaining Maturity (In Years) Weighted Average Pay Rate Receive Rate Notional Amount Estimated Fair Value Interest rate swap agreements - loans Other assets 8.42 0.65 % 1 month LIBOR $ 30,000 1,192 December 31, 2020 Balance Sheet Location Weighted Average Remaining Maturity (In Years) Weighted Average Pay Rate Receive Rate Notional Amount Estimated Fair Value Interest rate swap agreements - loans Other liabilities 9.42 0.65 % 1 month LIBOR $ 30,000 (51 ) The effects of fair value hedge relationships reported in interest income on loans on the consolidated statements of income for the twelve December 31, 2021 2020 Twelve Months Ended December 31, Gain (loss) on fair value hedging relationship 2021 2020 Interest rate swap agreements - loans: Hedged items $ (1,125 ) (158 ) Derivative designated as hedging instruments 1,243 (51 ) The following amounts were recorded on the balance sheet related to cumulative basis adjustments for fair value hedges at December 31, 2021 December 31, 2020 Carrying Amount of the Hedged Assets Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Assets Line item on the balance sheet December 31, 2021 December 31, 2020 December 31, 2021 December 31, 2020 Loans $ 28,875 29,842 (1,283 ) (158 ) Mortgage Banking Derivatives Commitments to fund certain mortgage loans (interest rate locks) to be sold into the secondary market and forward commitments for the future delivery of mortgage loans to third December 31, 2021 December 31, 2020 roximately $20,340,000 and $20,981,000, respectively, of interest rate lock commitments and approximately $20,500,000 and $21,250,000, respectively, of forward commitments for the future delivery of residential mortgage loans. The fair value of these mortgage banking derivatives was reflected by derivative assets of $657,000 and $714,000 and derivative assets of $6,000 and derivative liabilities of $157,000, respectively, at December 31, 2021 and December 31, 2020 . Changes in the fair values of these mortgage-banking derivatives are included in net gains on sale of loans. The net gains (losses) relating to free-standing derivative instruments used for risk management is summarized below (in thousands): In Thousands 2021 2020 Interest rate contracts for customers $ (57 ) 386 Forward contracts related to mortgage loans held for sale and interest rate contracts 163 (134 ) The following table reflects the amount and fair value of mortgage banking derivatives included in the consolidated balance sheet as of December 31, 2021 December 31, 2020 In Thousands 2021 2020 Notional Amount Fair Value Notional Amount Fair Value Included in other assets (liabilities): Interest rate contracts for customers $ 20,340 657 20,981 714 Forward contracts related to mortgage loans held-for-sale 20,500 6 21,250 (157 ) |
Note 22 - Disclosures About Fai
Note 22 - Disclosures About Fair Value of Financial Instruments | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | ( 22 Disclosures About Fair Value of Financial Instruments Fair Value of Financial Instruments FASB ASC 820, Fair Value Measurements and Disclosures (“ASC 820” not not Valuation Hierarchy FASB ASC 820 three three • Level 1 • Level 2 • Level 3 A financial instrument’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Following is a description of the valuation methodologies used for assets and liabilities measured at fair value, as well as the general classification of such assets and liabilities pursuant to the valuation hierarchy. Asset Securities available-for-sale - 1 1 not 2 3 third third Hedged Loans - Impaired loans - may 3 Other real estate owned - 3 Mortgage loans held for sale 2 Derivatives - 2 Other investments third 3 not not The following tables present the financial instruments carried at fair value as of December 31, 2021 December 31, 2020 820 Measured on a Recurring Basis Total Carrying Value in the Consolidated Balance Sheet Quoted Market Prices in an Active Market (Level 1) Models with Significant Observable Market Parameters (Level 2) Models with Significant Unobservable Market Parameters (Level 3) December 31, 2021 Hedged Loans $ 28,875 — 28,875 — Investment securities available-for-sale: U.S. Treasury and other U.S. government agencies 7,221 7,221 — — U.S. Government sponsored enterprises 159,230 — 159,230 — Mortgage-backed securities 461,777 — 461,777 — Asset-backed securities 46,713 — 46,713 — Corporate bonds 2,575 — 2,575 — State and municipal securities 220,069 — 220,069 — Total investment securities available-for-sale 897,585 7,221 890,364 — Mortgage loans held for sale 11,843 — 11,843 — Derivatives 1,855 — 1,855 — Other investments 2,034 — — 2,034 Total assets $ 942,192 7,221 932,937 2,034 Derivatives $ — — — — Total liabilities $ — — — — Measured on a Recurring Basis Total Carrying Value in the Consolidated Balance Sheet Quoted Market Prices in an Active Market (Level 1) Models with Significant Observable Market Parameters (Level 2) Models with Significant Unobservable Market Parameters (Level 3) December 31, 2020 Hedged Loans $ 29,842 — 29,842 — Investment securities available-for-sale: U.S. Government sponsored enterprises 125,905 — 125,905 — Mortgage-backed securities 263,790 — 263,790 — Asset-backed securities 36,957 — 36,957 — Corporate bonds 2,600 — 2,600 — State and municipal securities 151,291 — 151,291 — Total investment securities available-for-sale 580,543 — 580,543 — Mortgage loans held for sale 19,474 — 19,474 — Derivatives 714 — 714 — Total assets $ 630,573 — 630,573 — Derivatives $ 208 — 208 — Total liabilities $ 208 — 208 — Measured on a Non-Recurring Basis Total Carrying Value in the Consolidated Balance Sheet Quoted Market Prices in an Active Market (Level 1) Models with Significant Observable Market Parameters (Level 2) Models with Significant Unobservable Market Parameters (Level 3) December 31, 2021 Other real estate owned $ — — — — Impaired loans, net (¹) 668 — — 668 Total $ 668 — — 668 December 31, 2020 Other real estate owned $ — — — — Impaired loans, net (¹) 2,635 — — 2,635 Total $ 2,635 — — 2,635 ( 1 As of December 31, 2021 no December 31, 2020 310, The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis and for which we have utilized Level 3 December 31, 2021 2020 Valuation Techniques (2) Significant Unobservable Inputs Range (Weighted Average) Impaired loans Appraisal Estimated costs to sell 10 % Other real estate owned Appraisal Estimated costs to sell 10 % (2) The fair value is generally determined through independent appraisals of the underlying collateral, which may include Level 3 inputs that are not identifiable, or by using the discounted cash flow method if the loan is not collateral dependent. In the case of its investment securities portfolio, the Company monitors the valuation technique utilized by various pricing agencies to ascertain when transfers between levels have been affected. The nature of the remaining assets and liabilities is such that transfers in and out of any level are expected to be rare. For the twelve December 31, 2021 no 1, 2 3. The table below includes a rollforward of the balance sheet amounts for the year ended December 31, 2021 2020 3 3 3 3 For the Year Ended December 31, 2021 2020 Other Assets Other Assets Fair value, January 1 $ — $ — Total realized gains included in income 34 — Change in unrealized gains/losses included in other comprehensive income for assets and liabilities still held at December 31 — — Purchases, issuances and settlements, net 2,000 — Transfers out of Level 3 — — Fair value, December 31 $ 2,034 $ — Total realized gains included in income related to financial assets and liabilities still on the consolidated balance sheet at December 31 $ 34 $ — The following methods and assumptions were used by the Company in estimating its fair value disclosures for financial instruments that are not not December 31, 2021 December 31, 2020 not may Cash and cash equivalents 1. Loans For variable-rate loans that reprice frequently and have no Deposits and Federal Home Loan Bank advances Restricted equity securities not Off-balance sheet instruments not The following table presents the carrying amounts, estimated fair value and placement in the fair value hierarchy of the Company’s financial instruments at December 31, 2021 December 31, 2020 (in Thousands) Carrying/Notional Amount Estimated Fair Value (¹) Quoted Market Prices in an Active Market (Level 1) Models with Significant Observable Market Parameters (Level 2) Models with Significant Unobservable Market Parameters (Level 3) December 31, 2021 Financial assets: Cash and cash equivalents $ 453,418 453,418 453,418 — — Loans, net 2,444,282 2,439,539 — — 2,439,539 Restricted equity securities 5,089 NA NA NA NA Financial liabilities: Deposits 3,555,071 3,227,520 — — 3,227,520 December 31, 2020 Financial assets: Cash and cash equivalents $ 338,856 338,856 338,856 — — Loans, net 2,282,766 2,302,530 — — 2,302,530 Restricted equity securities 5,089 NA NA NA NA Financial liabilities: Deposits 2,960,595 2,796,339 — — 2,796,339 Federal Home Loan Bank borrowings 3,638 3,755 — — 3,755 ( 1 Estimated fair values are consistent with an exit-price concept. The assumptions used to estimate the fair values are intended to approximate those that a market-participant would realize in a hypothetical orderly transaction. |
Note 23 - Wilson Bank Holding C
Note 23 - Wilson Bank Holding Company - Parent Company Financial Information | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Condensed Financial Information of Parent Company Only Disclosure [Text Block] | ( 23 Wilson Bank Holding Company - Parent Company Financial Information WILSON BANK HOLDING COMPANY (Parent Company Only) Balance Sheets December 31, 2021 2020 Dollars In Thousands 2021 2020 ASSETS Cash $ 5,113 * 4,381 * Investment in wholly-owned commercial bank subsidiary 410,034 376,947 Deferred income taxes 1,028 854 Refundable income taxes 362 242 Total assets $ 416,537 382,424 LIABILITIES AND STOCKHOLDERS’ EQUITY Other liabilities $ 2,820 2,303 Total liabilities 2,820 2,303 Stockholders’ equity: Common stock, par value $ 2.00 50,000,000 11,201,504 10,993,404 22,403 21,987 Additional paid-in capital 105,177 93,034 Retained earnings 292,452 257,935 Net unrealized gains on available-for-sale securities, net of income taxes of $ 2,235 2,536 (6,315 ) 7,165 Total stockholders’ equity 413,717 380,121 Total liabilities and stockholders’ equity $ 416,537 382,424 * Eliminated in consolidation. WILSON BANK HOLDING COMPANY (Parent Company Only) Statements of Earnings Three Years Ended December 31, 2021 Dollars In Thousands 2021 2020 2019 Income: Dividends from commercial bank subsidiary $ 4,300 5,000 2,800 Other income — 61 — 4,300 5,061 2,800 Expenses: Directors’ fees 341 335 283 Other 1,575 1,264 885 1,916 1,599 1,168 Income before Federal income tax benefits and equity in undistributed earnings of commercial bank subsidiary 2,384 3,462 1,632 Federal income tax benefits 475 471 287 2,859 3,933 1,919 Equity in undistributed earnings of commercial bank subsidiary 46,567 * 34,559 * 34,125 * Net earnings $ 49,426 38,492 36,044 * Eliminated in consolidation. WILSON BANK HOLDING COMPANY (Parent Company Only) Statements of Cash Flows Three Years Ended December 31, 2021 Increase (Decrease) in Cash and Cash Equivalents Dollars In Thousands 2021 2020 2019 Cash flows from operating activities: Net earnings $ 49,426 38,492 36,044 Adjustments to reconcile net earnings to net cash used in operating activities: Equity in earnings of commercial bank subsidiary (50,867 ) (39,559 ) (36,925 ) Decrease (increase) in refundable income taxes (120 ) (110 ) 45 Increase in deferred taxes (174 ) (229 ) (156 ) Share based compensation expense 1,428 1,180 786 Increase in other liabilities 113 — — Total adjustments (49,620 ) (38,718 ) (36,250 ) Net cash used in operating activities (194 ) (226 ) (206 ) Cash flows from investing activities: Dividends received from commercial bank subsidiary 4,300 5,000 2,800 Net cash provided by investing activities 4,300 5,000 2,800 Cash flows from financing activities: Payments made to stock appreciation rights holders (515 ) (53 ) (9 ) Dividends paid (14,909 ) (13,013 ) (11,725 ) Proceeds from sale of stock pursuant to dividend reinvestment plan 11,188 10,056 9,134 Proceeds from exercise of stock options 862 718 775 Repurchase of stock options — — (1,629 ) Net cash used in financing activities (3,374 ) (2,292 ) (3,454 ) Net increase (decrease) in cash and cash equivalents 732 2,482 (860 ) Cash and cash equivalents at beginning of year 4,381 1,899 2,759 Cash and cash equivalents at end of year $ 5,113 4,381 1,899 |
Note 24 - Quarterly Financial D
Note 24 - Quarterly Financial Data (Unaudited) | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Quarterly Financial Information [Text Block] | ( 24 Quarterly Financial Data (Unaudited) Selected quarterly results of operations for the four December 31 (In Thousands, except per share data) 2021 2020 2019 Fourth Third Second First Fourth Third Second First Fourth Third Second First Quarter Quarter Quarter Quarter Quarter Quarter Quarter Quarter Quarter Quarter Quarter Quarter Interest income $ 33,810 33,719 31,570 30,742 $ 30,351 30,961 31,569 30,087 $ 29,897 30,329 29,567 28,284 Interest expense 2,249 2,586 2,780 3,033 3,969 4,112 4,308 4,994 5,522 5,991 5,923 5,211 Net interest income 31,561 31,133 28,790 27,709 26,382 26,849 27,261 25,093 24,375 24,338 23,644 23,073 Provision for loan losses 131 130 55 827 3,065 1,038 4,124 1,469 686 167 154 1,033 Earnings before income taxes 17,512 17,405 14,449 14,792 10,771 14,669 11,313 11,357 10,222 13,556 12,451 10,882 Net earnings 13,801 13,342 11,139 11,144 8,902 11,532 9,027 9,031 7,972 10,266 9,516 8,290 Basic earnings per common share 1.23 1.19 1.00 1.01 0.81 1.05 0.83 0.83 0.74 0.95 0.89 0.77 Diluted earnings per common share 1.23 1.19 1.00 1.00 0.81 1.05 0.83 0.83 0.74 0.95 0.89 0.77 |
Note 25 - Revenue From Contract
Note 25 - Revenue From Contracts With Customers | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | ( 25 Revenue from Contracts with Customers All of the Company’s revenue from contracts with customers in the scope of ASC 606 606 Years ended December 31, 2021 2020 2019 (dollars in thousands) Fees and gains on sales of mortgage loans (1) $ 9,997 $ 9,560 $ 6,802 Service charges on deposits 6,137 5,659 6,952 Debit and credit card interchange income 12,029 9,187 8,301 Brokerage income 6,368 4,837 4,411 BOLI and annuity earnings (1) 1,109 959 723 Security gain (loss), net (1) 28 882 (268 ) Other non-interest income 1,428 2,056 1,428 Total non-interest income $ 37,096 $ 33,140 $ 28,349 ( 1 Not 606. A description of the Company's revenue streams accounted for under ASC Topic 606 Service charges on deposit accounts - The Company earns fees on its deposit customers for transaction-based, account maintenance, and overdraft services. Transaction-based fees, which include services such as ATM usage fees, stop payment charges, statement rendering, and ACH fees are recognized at the time the transaction is executed and the Company fulfills the customer’s request. Account maintenance fees, which relate primarily to monthly maintenance, are earned over the course of a month, representing the period over which the Company satisfies the performance obligation. Account maintenance fees are recognized in the same month the Company earns and satisfies the performance obligation. Overdraft fees are recognized at the point in time that the overdraft occurs. Service charges on deposits are withdrawn from the customer’s account balance. Debit and credit card interchange income - The Company earns interchange fees from debit and credit cardholder transactions conducted through the Mastercard payment network. Interchange fees from cardholder transactions represent a percentage of the underlying transaction value and are recognized daily, concurrently with the transaction processing services provided to the cardholder. Brokerage income - The Company earns fees from investment brokerage services provided to its customers by a third third 1 third 2 not |
Note 26 - Subsequent Events
Note 26 - Subsequent Events | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | ( 26 Subsequent Events ASC Topic 855, Subsequent Events No. 2010 90, December 31, 2021 no December 31, 2021 |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2021 | |
Accounting Policies [Abstract] | |
Consolidation, Policy [Policy Text Block] | (a) Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary Wilson Bank. All significant intercompany accounts and transactions have been eliminated in consolidation. |
Nature of Business [Policy Text Block] | (b) Nature of Operations Wilson Bank operates under a state bank charter and provides full banking services. As a Tennessee state-chartered bank that is not e main office and twenty-seven |
Use of Estimates, Policy [Policy Text Block] | (c) Use of Estimates In preparing consolidated financial statements in conformity with U.S. GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, the valuation of deferred tax assets and other real estate, other-than-temporary impairments of securities, and the fair value of financial instruments. |
Concentration Risk, Credit Risk, Policy [Policy Text Block] | (d) Significant Group Concentrations of Credit Risk Most of the Company’s activities are with customers located within Middle Tennessee. The types of securities in which the Company invests are described in note 3. 2. not one 2. Residential 1 4 d 27%, 35% and 24% and 23%, 36% and 21% of the December 31, 2021 2020 |
Financing Receivable [Policy Text Block] | (e) Loans The Company grants mortgage, commercial and consumer loans to customers. A substantial portion of the loan portfolio is represented by mortgage loans throughout Middle Tennessee. The ability of the Company’s debtors to honor their contracts is dependent upon the real estate and general economic conditions in this area. Loans that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off generally are reported at their outstanding unpaid principal balances adjusted for unearned income, the allowance for loan losses, and any unamortized deferred fees or costs on originated loans, and premiums or discounts on purchased loans. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, as well as premiums and discounts, are deferred and amortized on a straight line basis over the respective term of the loan. As part of its routine credit monitoring process, the Company performs regular credit reviews of the loan portfolio and loans receive risk ratings by the assigned credit officer, which are subject to validation by the Company's independent loan review department. Risk ratings are categorized as pass, special mention, substandard or doubtful. The Company believes that its categories follow those outlined by the FDIC, Wilson Bank's primary federal regulator. Generally the accrual of interest on mortgage and commercial loans is discontinued at the time the loan is 90 no 180 All interest accrued but not |
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block] | (f) Allowance for Loan Losses Management provides for loan losses by establishing an allowance. The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to earnings. Loan losses are charged against the allowance when management believes the uncollectability of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. The allowance for loan losses is evaluated on a quarterly basis by management and is based upon management’s quarterly review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may In assessing the adequacy of the allowance, we also consider the results of our ongoing independent loan review process. We undertake this process both to ascertain whether there are loans in the portfolio whose credit quality has weakened over time and to assist in our overall evaluation of the risk characteristics of the entire loan portfolio. Our loan review process includes the judgment of management, independent loan reviewers, and reviews that may third may In addition to the independent loan review process, the aforementioned risk ratings are subject to continual review by loan officers to determine that the appropriate risk ratings are being utilized in our allowance for loan loss process. Each risk rating is also subject to review by our independent loan review department. Currently, our independent loan review department targets reviews of 100% of existing loan relationships with aggregate debt o f $2.0 million and greater and new loans with aggregate debt of $500,000 and greater four The allowance consists of allocated and general components. The allocated component relates to loans that are classified as impaired. For those loans that are individually classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component covers nonclassified loans and is based on historical charge-off experience, historical loan loss factors, loss experience of various loan segments, and other adjustments based on management’s assessment of internal or external influences on credit quality that are not A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not Large groups of smaller balance homogeneous loans are collectively evaluated for impairment. Accordingly, the Company does not Troubled debt restructurings greater than $100,000 are individually evaluated for impairment and included in the separately identified impairment disclosures. TDRs are measured at the present value of estimated future cash flows using the loan's effective rate at inception. If a TDR is considered to be a collateral dependent loan, the loan is reported, net, at the fair value of the collateral. For TDRs that subsequently default, the Company determines the amount of the allowance on that loan in accordance with the accounting policy for the allowance for loan losses on loans individually identified as impaired. The Company incorporates recent historical experience related to TDRs, including the performance of TDRs that subsequently default, into the calculation of the allowance by loan portfolio segment. |
Investment, Policy [Policy Text Block] | (g) Debt and Equity Securities Certain debt securities that management has the positive intent and ability to hold to maturity are classified as “held-to-maturity” and recorded at amortized cost. Trading securities are recorded at fair value with changes in fair value included in earnings. Securities not may Other-than-temporary Impairment 1 2 3 no not not” not No December 31, 2021 2020 |
Equity Securities and Equity Securities Without Readily Determinable Fair Value [Policy Text Block] | (h) Equity Securities Equity securities are carried at fair value, with changes in fair value reported in net income. Equity securities without readily determinable fair values are carried at cost, minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment. |
Transfers and Servicing of Financial Assets, Transfers of Financial Assets, Policy [Policy Text Block] | (i) Transfers of Financial Assets Transfers of financial assets are accounted for as sales when control over the assets has been relinquished. Control over transferred assets is deemed to be surrendered when the assets have been isolated from the Company, the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and the Company does not |
Federal Home Loan Bank Stock [Policy Text Block] | (j) Federal Home Loan Bank Stock The Company, as a member of the Federal Home Loan Bank (“FHLB”) Cincinnati system, is required to maintain an investment in capital stock of the FHLB. Based on redemption provisions of the FHLB, the stock has no December 31, 2021 tely $3.4 million. St |
Financing Receivable, Held-for-sale [Policy Text Block] | (k) Loans Held for Sale Mortgage loans held for sale are carried at fair value. The fair value of loans held for sale is determined using quoted prices for similar assets, adjusted for specific attributes of that loan. Gains and losses on sales of mortgage loans are based on the difference between the selling price and the carrying value of the related loan sold. |
Property, Plant and Equipment, Policy [Policy Text Block] | (l) Premises and Equipment Premises and equipment are stated at cost. Depreciation is computed primarily by the straight-line method over the estimated useful lives of the related assets ranging from 3 to 40 years. Gains or losses realized on items retired and otherwise disposed of are credited or charged to operations and cost and related accumulated depreciation are removed from the asset and accumulated depreciation accounts. Expenditures for major renovations and improvements of premises and equipment are capitalized and those for maintenance and repairs are charged to earnings as incurred. |
Real Estate, Policy [Policy Text Block] | (m) Foreclosed Assets Assets acquired through, or in lieu of, loan foreclosure are held for sale and are initially recorded at fair value less the estimated cost to sell at the date the Company acquires the property, establishing a new cost basis. Subsequent to their acquisition by the Company, valuations of these assets are periodically performed by management, and the assets are carried at the lower of carrying amount or fair value less cost to sell. Revenue and expenses from operations and changes in the valuation allowance [i.e. any direct write-downs] |
Goodwill and Intangible Assets, Policy [Policy Text Block] | (n) Goodwill and Intangible Assets The Financial Accounting Standards Board “FASB” Accounting Standards Codification “ASC” 350, Goodwill and Other Intangible Assets 350, not no December 31, 2021 December 31, 2020 |
Cash and Cash Equivalents, Policy [Policy Text Block] | (o) Cash and Cash Equivalents For purposes of reporting cash flows, cash and cash equivalents include cash on hand, interest-bearing deposits with maturities fewer than 90 one |
Property, Plant and Equipment, Impairment [Policy Text Block] | (p) Long-Term Assets Premises and equipment, intangible assets, and other long-term assets are reviewed for impairment when events indicate their carrying amount may not |
Bank Owned Life Insurance [Policy Text Block] | (q) Bank Owned Life Insurance The Bank has purchased life insurance policies on certain key executives. Bank owned life insurance is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement. |
Income Tax, Policy [Policy Text Block] | (r) Income Taxes The Company accounts for Income Taxes in accordance with income tax accounting guidance (FASB ASC 740, Income Taxes The income tax accounting guidance results in two Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are recognized if it is more likely than not, not" 50 not 50 not not not not The Company recognizes interest and penalties on income taxes as a component of income tax expense. |
Derivatives, Policy [Policy Text Block] | (s) Derivatives Mortgage Banking Derivatives Commitments to fund mortgage loans (interest rate locks) to be sold into the secondary market and forward commitments for the future delivery of these mortgage loans are accounted for as free standing derivatives. The fair value of the interest rate lock is recorded at the time the commitment to fund the mortgage loan is executed and is adjusted for the expected exercise of the commitment before the loan is funded. Fair values of these mortgage derivatives are estimated based on changes in mortgage interest rates from the date the interest rate on the loan is locked. The Company enters into forward commitments for the future delivery of mortgage loans when interest rate locks are entered into, in order to hedge the change in interest rates resulting from its commitments to fund the loans. Changes in the fair values of these derivatives are included in net gains on sale of mortgage loans. Fair Value Hedges For derivative instruments that are designated and qualify as a fair value hedge, the gain or loss on the derivative instrument as well as the offsetting loss or gain on the hedged asset or liability attributable to the hedged risk are recognized in current earnings. The gain or loss on the derivative instrument is presented on the same income statement line item as the earnings effect of the hedged item. The Company utilizes interest rate swaps designated as fair value hedges to mitigate the effect of changing interest rates on the fair values of fixed rate loans. The hedging strategy on loans converts the fixed interest rates to LIBOR-based variable interest rates. These derivatives are designated as partial term hedges of selected cash flows covering specified periods of time prior to the maturity dates of the hedged loans. |
Share-based Payment Arrangement [Policy Text Block] | (t) Equity-Based Incentives Stock compensation accounting guidance (FASB ASC 718, Compensation—Stock Compensation” not not The stock compensation accounting guidance requires that compensation cost for all stock awards be calculated and recognized over the employees’ service period, generally defined as the vesting period. For awards with graded-vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award. The Company uses the Black-Scholes option pricing model to estimate the fair value of stock options and cash-settled SARs. |
Pension and Other Postretirement Plans, Policy [Policy Text Block] | (u) Retirement Plans Employee 401 |
Advertising Cost [Policy Text Block] | (v) Advertising Costs Advertising costs are expensed as incurred by the Company and totaled $2,736,000 , $2,487,000 and $2,498,000 f 2021, 2020 2019 |
Earnings Per Share, Policy [Policy Text Block] | (w) Earnings Per Share Basic earnings per share represents income available to common stockholders divided by the weighted-average number of common shares outstanding during the period. Diluted earnings per share reflects additional potential common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Potential common shares that may |
Comprehensive Income, Policy [Policy Text Block] | ( x Comprehensive Income Comprehensive income consists of net income and other comprehensive income. Other comprehensive income includes unrealized gains and losses on securities available for sale, net of taxes, which are also recognized as separate components of equity. |
Loss Contingencies, Policies [Policy Text Block] | (y) Loss Contingencies Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of loss is probable and an amount or range of loss can be reasonably estimated. Management does not |
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block] | (z) Restrictions on Cash Cash on hand or on deposit with the Federal Reserve Bank was required to meet regulatory reserve and clearing requirements. |
Segment Reporting, Policy [Policy Text Block] | (aa) Segment Reporting Management analyzes the operations of the Company assuming one operating segment, community lending services. |
Fair Value of Financial Instruments, Policy [Policy Text Block] | (bb) Fair Value of Financial Instruments Fair values of financial instruments are estimated using relevant market information and other assumptions, as more fully disclosed in Note 22 |
Reclassification, Comparability Adjustment [Policy Text Block] | (cc) Reclassification Certain reclassifications have been made to the 2020 2019 2021 |
Off-Balance-Sheet Credit Exposure, Policy [Policy Text Block] | (dd) Off-Balance-Sheet Financial Instruments In the ordinary course of business, Wilson Bank has entered into off-balance-sheet financial instruments consisting of commitments to extend credit, commitments under credit card arrangements, commercial letters of credit and standby letters of credit. Such financial instruments are recorded in the financial statements when they are funded or related fees are incurred or received. |
New Accounting Pronouncements, Policy [Policy Text Block] | (ee) Accounting Standard Updates ASU 2016 13, 326 2016 13 2016 13 2016 13 January 1, 2020. March 27, 2020, 2016 13, 60 19 December 31, 2020, December 27, 2020, 2016 13, January 1, 2022. January 1, 2022. 2016 13 mately 2 - 6% in January 1, 2020. December 31, 2021, 2016 13 December 31, 2021. third 2016 13 2016 13 not March 27, 2020 three three 75% 50% 25% not 2016 13 not ASU 2020 4, 848 2020 4 2020 04 not December 31, 2022, December 31, 2022, 2020 4 December 31, 2022. 2020 4 not ASU 2020 08, 310 20, 2020 08 2020 8 January 1, 2021 not ASU 2021 01, 848 2021 01 848 2021 01 848 2021 01 December 31, 2022. 2021 01 not Other than those previously discussed, there were no |
Note 2 - Loans and Allowance _2
Note 2 - Loans and Allowance for Loan Losses (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | In Thousands 2021 2020 Mortgage loans on real estate: Residential 1-4 family $ 679,536 535,994 Multifamily 29,300 111,646 Commercial 879,373 837,766 Construction 603,292 488,626 Farmland 9,367 15,429 Second mortgages 10,043 8,433 Equity lines of credit 92,229 78,889 Total mortgage loans on real estate 2,303,140 2,076,783 Commercial loans 116,717 172,811 Agricultural loans 1,438 1,206 Consumer installment loans: Personal 59,513 66,193 Credit cards 5,281 4,324 Total consumer installment loans 64,794 70,517 Other loans 9,849 9,283 2,495,938 2,330,600 Net deferred loan fees (12,024 ) (9,295 ) Total loans 2,483,914 2,321,305 Less: Allowance for loan losses (39,632 ) (38,539 ) Loans, net $ 2,444,282 2,282,766 |
Financing Receivable, Nonaccrual [Table Text Block] | In Thousands 2021 2020 Residential 1-4 family $ — 1,022 Multifamily — — Commercial real estate — 311 Construction — — Farmland — — Second mortgages — — Equity lines of credit — — Commercial — — Agricultural, installment and other — — Total $ — 1,333 |
Financing Receivable Credit Quality Indicators [Table Text Block] | In Thousands Agricultural, Residential 1-4 Commercial Second Equity Lines Installment and Family Multifamily Real Estate Construction Farmland Mortgages of Credit Commercial Other Total Credit Risk Profile by Internally Assigned Grade December 31, 2021 Pass $ 672,676 29,300 879,109 603,267 9,270 9,851 92,208 116,668 75,903 2,488,252 Special mention 5,405 — — 25 68 161 11 49 136 5,855 Substandard 1,455 — 264 — 29 31 10 — 42 1,831 Total $ 679,536 29,300 879,373 603,292 9,367 10,043 92,229 116,717 76,081 2,495,938 December 31, 2020 Pass $ 529,546 111,646 837,028 488,571 15,301 8,148 78,565 172,779 80,770 2,322,354 Special mention 2,745 — 149 27 79 169 314 — 156 3,639 Substandard 3,703 — 589 28 49 116 10 32 80 4,607 Total $ 535,994 111,646 837,766 488,626 15,429 8,433 78,889 172,811 81,006 2,330,600 |
Financing Receivable, Past Due [Table Text Block] | In Thousands 30-59 Days Past Due 60-89 Days Past Due Nonaccrual and Greater Than 90 Days Total Nonaccrual and Past Due Current Total Loans Recorded Investment Greater Than 90 Days and Accruing December 31, 2021 Residential 1-4 family $ 1,951 169 357 2,477 677,059 679,536 $ 357 Multifamily — — — — 29,300 29,300 — Commercial real estate — — — — 879,373 879,373 — Construction 1,154 215 — 1,369 601,923 603,292 — Farmland — — — — 9,367 9,367 — Second mortgages 121 — — 121 9,922 10,043 — Equity lines of credit 170 — 9 179 92,050 92,229 9 Commercial 58 81 — 139 116,578 116,717 — Agricultural, installment and other 288 99 23 410 75,671 76,081 23 Total $ 3,742 564 389 4,695 2,491,243 2,495,938 $ 389 December 31, 2020 Residential 1-4 family $ 2,634 511 1,818 4,963 531,031 535,994 $ 796 Multifamily — — — — 111,646 111,646 — Commercial real estate — — 460 460 837,306 837,766 149 Construction 768 — 44 812 487,814 488,626 44 Farmland — — — — 15,429 15,429 — Second mortgages 265 — — 265 8,168 8,433 — Equity lines of credit 31 302 — 333 78,556 78,889 — Commercial 114 104 — 218 172,593 172,811 — Agricultural, installment and other 363 81 60 504 80,502 81,006 60 Total $ 4,175 998 2,382 7,555 2,323,045 2,330,600 $ 1,049 |
Financing Receivable, Allowance for Credit Loss [Table Text Block] | In Thousands Agricultural, Residential 1-4 Commercial Second Equity Lines Installment and Family Multifamily Real Estate Construction Farmland Mortgages of Credit Commercial Other Total December 31, 2021 Allowance for loan losses: Beginning balance $ 8,098 1,541 16,802 7,936 154 105 997 1,378 1,528 38,539 Provision 958 (1,145 ) (352 ) 1,356 (60 ) 13 101 (37 ) 309 1,143 Charge-offs — — — (23 ) — — — (33 ) (992 ) (1,048 ) Recoveries 68 — — 394 — — — 6 530 998 Ending balance $ 9,124 396 16,450 9,663 94 118 1,098 1,314 1,375 39,632 Ending balance individually evaluated for impairment $ — — — — — — — — — — Ending balance collectively evaluated for impairment $ 9,124 396 16,450 9,663 94 118 1,098 1,314 1,375 39,632 Loans: Ending balance $ 679,536 29,300 879,373 603,292 9,367 10,043 92,229 116,717 76,081 2,495,938 Ending balance individually evaluated for impairment $ 134 — 531 — — — — — — 665 Ending balance collectively evaluated for impairment $ 679,402 29,300 878,842 603,292 9,367 10,043 92,229 116,717 76,081 2,495,273 In Thousands Agricultural, Residential 1-4 Commercial Second Equity Lines Installment and Family Multifamily Real Estate Construction Farmland Mortgages of Credit Commercial Other Total December 31, 2020 Allowance for loan losses: Beginning balance $ 7,144 1,117 11,114 5,997 187 123 889 1,044 1,111 28,726 Provision 920 424 5,388 1,766 (33 ) (37 ) 74 343 851 9,696 Charge-offs — — — — — — (7 ) (9 ) (898 ) (914 ) Recoveries 34 — 300 173 — 19 41 — 464 1,031 Ending balance $ 8,098 1,541 16,802 7,936 154 105 997 1,378 1,528 38,539 Ending balance individually evaluated for impairment $ 594 — 148 — — — — — — 742 Ending balance collectively evaluated for impairment $ 7,504 1,541 16,654 7,936 154 105 997 1,378 1,528 37,797 Loans: Ending balance $ 535,994 111,646 837,766 488,626 15,429 8,433 78,889 172,811 81,006 2,330,600 Ending balance individually evaluated for impairment $ 2,399 — 970 — — — — — — 3,369 Ending balance collectively evaluated for impairment $ 533,595 111,646 836,796 488,626 15,429 8,433 78,889 172,811 81,006 2,327,231 |
Impaired Financing Receivables [Table Text Block] | In Thousands Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized December 31, 2021 With no related allowance recorded: Residential 1-4 family $ 136 134 — 614 7 Multifamily — — — — — Commercial real estate 532 531 — 303 25 Construction — — — — — Farmland — — — — — Second mortgages — — — — — Equity lines of credit — — — — — Commercial — — — — — Agricultural, installment and other — — — — — $ 668 665 — 917 32 With allowance recorded: Residential 1-4 family $ — — — 602 — Multifamily — — — — — Commercial real estate — — — 342 — Construction — — — — — Farmland — — — — — Second mortgages — — — — — Equity lines of credit — — — — — Commercial — — — — — Agricultural, installment and other — — — — — $ — — — 944 — Total: Residential 1-4 family $ 136 134 — 1,216 7 Multifamily — — — — — Commercial real estate 532 531 — 645 25 Construction — — — — — Farmland — — — — — Second mortgages — — — — — Equity lines of credit — — — — — Commercial — — — — — Agricultural, installment and other — — — — — $ 668 665 — 1,861 32 In Thousands Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized December 31, 2020 With no related allowance recorded: Residential 1-4 family $ 1,162 1,507 — 395 26 Multifamily — — — — — Commercial real estate 311 311 — 311 — Construction — — — — — Farmland — — — — — Second mortgages — — — — — Equity lines of credit — — — — — Commercial — — — — — Agricultural, installment and other — — — — — $ 1,473 1,818 — 706 26 With allowance recorded: Residential 1-4 family $ 1,242 1,240 594 1,273 66 Multifamily — — — — — Commercial real estate 662 659 148 676 22 Construction — — — — — Farmland — — — — — Second mortgages — — — — — Equity lines of credit — — — — — Commercial — — — — — Agricultural, installment and other — — — — — $ 1,904 1,899 742 1,949 88 Total: Residential 1-4 family $ 2,404 2,747 594 1,668 92 Multifamily — — — — — Commercial real estate 973 970 148 987 22 Construction — — — — — Farmland — — — — — Second mortgages — — — — — Equity lines of credit — — — — — Commercial — — — — — Agricultural, installment and other — — — — — $ 3,377 3,717 742 2,655 114 |
Financing Receivable, Troubled Debt Restructuring [Table Text Block] | 2021 2020 Performing TDRs $ 876 2,147 Nonperforming TDRs 165 529 Total TDRs $ 1,041 2,676 December 31, 2021 December 31, 2020 Number of Contracts Pre Modification Outstanding Recorded Investment Post Modification Outstanding Recorded Investment, Net of Related Allowance Number of Contracts Pre Modification Outstanding Recorded Investment Post Modification Outstanding Recorded Investment, Net of Related Allowance Residential 1-4 family — $ — $ — — $ — $ — Multifamily — — — — — — Commercial real estate — — — 1 111 132 Construction — — — — — — Farmland — — — — — — Second mortgages — — — — — — Equity lines of credit — — — — — — Commercial — — — — — — Agricultural, installment and other — — — — — — Total — $ — $ — 1 $ 111 $ 132 December 31, 2019 Number of Contracts Pre Modification Outstanding Recorded Investment Post Modification Outstanding Recorded Investment, Net of Related Allowance Residential 1-4 family 1 $ 1,338 $ 619 Multifamily — — — Commercial real estate 4 2,677 2,399 Construction — — — Farmland — — — Second mortgages — — — Equity lines of credit — — — Commercial — — — Agricultural, installment and other — — — Total 5 $ 4,015 $ 3,018 |
Schedule of Loans Receivable to Related Parties [Table Text Block] | In Thousands December 31, 2021 2020 Balance, January 1 $ 7,675 12,878 New loans and renewals during the year 11,009 11,153 Repayments (including loans paid by renewal) during the year (12,959 ) (16,356 ) Balance, December 31 $ 5,725 7,675 |
Note 3 - Debt and Equity Secu_2
Note 3 - Debt and Equity Securities (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Marketable Securities [Table Text Block] | Securities Available-For-Sale In Thousands Gross Unrealized Gross Unrealized Estimated Market Amortized Cost Gains Losses Value U.S. Treasury and other U.S. government agencies $ 7,320 — 99 7,221 U.S. Government-sponsored enterprises (GSEs) 163,700 20 4,490 159,230 Mortgage-backed securities 465,588 2,726 6,537 461,777 Asset-backed securities 46,583 213 83 46,713 Corporate bonds 2,500 75 — 2,575 Obligations of states and political subdivisions 220,444 2,611 2,986 220,069 $ 906,135 5,645 14,195 897,585 Securities Available-For-Sale In Thousands Gross Unrealized Gross Unrealized Estimated Market Amortized Cost Gains Losses Value U.S. Government-sponsored enterprises (GSEs) $ 125,712 328 135 125,905 Mortgage-backed securities 258,774 5,636 620 263,790 Asset-backed securities 36,394 582 19 36,957 Corporate bonds 2,500 100 — 2,600 Obligations of states and political subdivisions 147,462 4,229 400 151,291 $ 570,842 10,875 1,174 580,543 |
Investments Classified by Contractual Maturity Date [Table Text Block] | In Thousands Securities Available-For-Sale Amortized Cost Estimated Market Value Due in one year or less $ 22 22 Due after one year through five years 57,492 57,441 Due after five years through ten years 240,922 235,883 Due after ten years 607,699 604,239 $ 906,135 897,585 |
Schedule of Realized Gain (Loss) [Table Text Block] | In Thousands 2021 2020 2019 Gross proceeds $ 39,652 54,870 37,325 Gross realized gains $ 137 901 75 Gross realized losses (109 ) (19 ) (343 ) Net realized gains (losses) $ 28 882 (268 ) |
Schedule of Unrealized Loss on Investments [Table Text Block] | In Thousands, Except Number of Securities Less than 12 Months 12 Months or More Total Number of Number of Unrealized Securities Unrealized Securities Unrealized 2021 Fair Value Losses Included Fair Value Losses Included Fair Value Losses Available-for-Sale Securities: Debt securities: U.S. Treasury and other U.S. government agencies $ 7,221 $ 99 3 $ — $ — — $ 7,221 $ 99 U.S. Government-sponsored enterprises (GSEs) 110,981 2,466 33 45,725 2,024 19 156,706 4,490 Mortgage-backed securities 317,211 4,644 96 54,692 1,893 33 371,903 6,537 Asset-backed securities 17,945 67 9 484 16 1 18,429 83 Corporate bonds — — — — — — — — Obligations of states and political subdivisions 83,510 1,460 74 36,225 1,526 32 119,735 2,986 $ 536,868 $ 8,736 215 $ 137,126 $ 5,459 85 $ 673,994 $ 14,195 In Thousands, Except Number of Securities Less than 12 Months 12 Months or More Total Number of Number of Unrealized Securities Unrealized Securities Unrealized 2020 Fair Value Losses Included Fair Value Losses Included Fair Value Losses Available-for-Sale Securities: Debt securities: U.S. Government-sponsored enterprises (GSEs) $ 47,991 $ 135 18 $ — $ — — $ 47,991 $ 135 Mortgage-backed securities 78,381 573 29 6,776 47 12 85,157 620 Asset-backed securities 4,950 19 3 — — — 4,950 19 Corporate bonds — — — — — — — — Obligations of states and political subdivisions 44,061 394 33 689 6 1 44,750 400 $ 175,383 $ 1,121 83 $ 7,465 $ 53 13 $ 182,848 $ 1,174 |
Note 4 - Leases (Tables)
Note 4 - Leases (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Assets and Liabilities, Lessee [Table Text Block] | Lease right-of-use assets Classification December 31, 2021 December 31, 2020 Operating lease right-of-use assets Other Assets $ 4,110 3,825 Lease liabilities Classification December 31, 2021 December 31, 2020 Operating lease liabilities Other Liabilities $ 4,247 3,947 |
Lease, Cost [Table Text Block] | In Thousands 2021 2020 Operating lease cost $ 550 535 Short-term lease cost 40 4 Net lease cost $ 590 539 2021 2020 Operating Leases Weighted average remaining lease term (in years) 10.42 11.31 Weighted average discount rate 4.00 % 4.00 % In Thousands 2021 2020 Operating cash flows related to operating leases $ 535 426 |
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | In Thousands 2021 2022 $ 544 2023 553 2024 566 2025 571 2026 576 Thereafter 2,392 Total undiscounted lease payments 5,202 Less: imputed interest (955 ) Net lease liabilities $ 4,247 |
Note 6 - Premises and Equipme_2
Note 6 - Premises and Equipment (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | In Thousands 2021 2020 Land $ 20,156 17,093 Buildings 46,112 46,584 Leasehold improvements 1,155 573 Furniture and equipment 14,705 13,861 Automobiles 241 175 Construction-in-progress 3,335 317 85,704 78,603 Less accumulated depreciation (22,858 ) (20,401 ) $ 62,846 58,202 |
Note 7 - Goodwill (Tables)
Note 7 - Goodwill (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Schedule of Goodwill [Table Text Block] | In Thousands 2021 2020 Goodwill: Balance at January 1, $ 4,805 4,805 Goodwill acquired during year — — Impairment loss — — Balance at December 31, $ 4,805 4,805 |
Note 8 - Deposits (Tables)
Note 8 - Deposits (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Deposit Liabilities, Type [Table Text Block] | In Thousands 2021 2020 Demand deposits $ 506,258 391,360 Savings accounts 296,434 201,984 Negotiable order of withdrawal accounts 957,985 771,195 Money market demand accounts 1,201,235 984,677 Certificates of deposit $250,000 or greater 123,297 112,696 Other certificates of deposit 399,850 425,299 Individual retirement accounts $250,000 or greater 8,618 10,323 Other individual retirement accounts 61,394 63,061 $ 3,555,071 2,960,595 |
Time Deposit Maturities [Table Text Block] | (In Thousands) Maturity Total 2022 $ 339,093 2023 137,141 2024 71,616 2025 21,398 2026 23,898 Thereafter 13 $ 593,159 |
Note 9 - Federal Home Loan Ba_2
Note 9 - Federal Home Loan Bank Advances (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Schedule of Federal Home Loan Bank, Advances, by Branch of FHLB Bank [Table Text Block] | (In Thousands) Maturity Total 2021 $ 1,350 2022 1,350 2023 788 2024 150 2025 — Thereafter — Total $ 3,638 |
Note 10 - Non-interest Income_2
Note 10 - Non-interest Income and Non-interest Expense (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Schedule of Noninterest Income and Noninterest Expense [Table Text Block] | In Thousands 2021 2020 2019 Non-interest income: Service charges on deposits $ 6,137 5,659 6,952 Brokerage income 6,368 4,837 4,411 Debit and credit card interchange income 12,029 9,187 8,301 Other fees and commissions 1,446 1,404 1,608 BOLI and annuity earnings 1,109 959 723 Security gain (loss), net 28 882 (268 ) Fees and gains on sales of mortgage loans 9,997 9,560 6,802 Gain (loss) on sale of other real estate, net (15 ) 658 (48 ) Loss on sale of fixed assets, net (43 ) (63 ) (128 ) Gain (loss) on sale of other assets, net 6 (4 ) (4 ) Other income 34 61 — $ 37,096 33,140 28,349 In Thousands 2021 2020 2019 Non-interest expense: Employee salaries and benefits $ 52,722 45,661 42,541 Equity-based compensation 1,428 1,180 786 Occupancy expenses 5,473 5,216 4,789 Furniture and equipment expenses 3,323 3,267 3,110 Data processing expenses 6,079 5,101 4,495 Advertising expenses 2,736 2,487 2,498 ATM & interchange fees 4,783 3,880 3,439 Accounting, legal & consulting expenses 988 909 1,382 FDIC insurance 1,130 598 373 Directors’ fees 686 634 586 Other operating expenses 11,640 11,986 10,629 $ 90,988 80,919 74,628 |
Note 11 - Income Taxes (Tables)
Note 11 - Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | In Thousands 2021 2020 Deferred tax asset: Federal $ 11,604 9,500 State 3,613 2,913 15,217 12,413 Deferred tax liability: Federal (1,822 ) (4,000 ) State (603 ) (1,324 ) (2,425 ) (5,324 ) Net deferred tax asset $ 12,792 7,089 In Thousands 2021 2020 Financial statement allowance for loan losses in excess of tax allowance $ 10,129 9,840 Excess of depreciation deducted for tax purposes over the amounts deducted in the financial statements (2,098 ) (2,461 ) Financial statement deduction for deferred compensation in excess of deduction for tax purposes 1,347 1,253 Writedown of other real estate not deductible for income tax purposes until sold — — Financial statement income on FHLB stock dividends not recognized for tax purposes (327 ) (327 ) Unrealized loss (gain) on securities available-for-sale 2,235 (2,535 ) Equity based compensation 1,028 854 Other items, net 478 465 Net deferred tax asset $ 12,792 7,089 |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | In Thousands Federal State Total 2021 Current $ 13,580 2,084 15,664 Deferred (698 ) (234 ) (932 ) Total $ 12,882 1,850 14,732 2020 Current $ 11,383 1,539 12,922 Deferred (2,503 ) (801 ) (3,304 ) Total $ 8,880 738 9,618 2019 Current $ 10,134 1,411 11,545 Deferred (335 ) (143 ) (478 ) Total $ 9,799 1,268 11,067 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | In Thousands 2021 2020 2019 Computed “expected” tax expense $ 13,473 10,103 9,893 State income taxes, net of Federal income tax benefit 1,584 552 1,056 Tax exempt interest, net of interest expense exclusion (237 ) (245 ) (186 ) Earnings on cash surrender value of life insurance (205 ) (173 ) (170 ) Expenses not deductible for tax purposes 12 14 37 Equity based compensation (28 ) (6 ) 15 Other 133 (627 ) 422 $ 14,732 9,618 11,067 |
Note 13 - Financial Instrumen_2
Note 13 - Financial Instruments with Off-balance-sheet Risk (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Schedule of Fair Value, Off-balance Sheet Risks [Table Text Block] | In Thousands Contract or Notional Amount 2021 2020 Financial instruments whose contract amounts represent credit risk: Unused commitments to extend credit $ 1,147,654 851,196 Standby letters of credit 90,929 81,952 Total $ 1,238,583 933,148 |
Note 17 - Regulatory Matters _2
Note 17 - Regulatory Matters and Restrictions on Dividends (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block] | For Classification Under Minimum Corrective Action Plan Actual Capital Adequacy as Well Capitalized Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) December 31, 2021 Total capital to risk weighted assets: Consolidated $ 455,813 13.9 % $ 261,404 8.0 % $ 326,755 10.0 % Wilson Bank 452,130 13.8 261,317 8.0 326,646 10.0 Tier 1 capital to risk weighted assets: Consolidated 415,226 12.7 196,052 6.0 261,403 8.0 Wilson Bank 411,543 12.6 195,987 6.0 261,316 8.0 Common equity Tier 1 capital to risk weighted assets: Consolidated 415,226 12.7 147,039 4.5 N/A N/A Wilson Bank 411,543 12.6 146,990 4.5 212,319 6.5 Tier 1 capital to average assets: Consolidated 415,226 10.8 154,280 4.0 N/A N/A Wilson Bank 411,543 10.7 154,230 4.0 192,787 5.0 For Classification Under Actual Minimum Corrective Action Plan Capital Adequacy as Well Capitalized Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) December 31, 2020 Total capital to risk weighted assets: Consolidated $ 403,419 14.3 % $ 225,405 8.0 % $ 281,757 10.0 % Wilson Bank 400,235 14.2 225,337 8.0 281,671 10.0 Tier 1 capital to risk weighted assets: Consolidated 368,150 13.1 169,055 6.0 225,406 8.0 Wilson Bank 364,976 13.0 169,003 6.0 225,337 8.0 Common equity Tier 1 capital to risk weighted assets: Consolidated 368,150 13.1 126,791 4.5 N/A N/A Wilson Bank 364,976 13.0 126,752 4.5 183,087 6.5 Tier 1 capital to average assets: Consolidated 368,150 11.2 131,996 4.0 N/A N/A Wilson Bank 364,976 11.1 131,959 4.0 164,949 5.0 |
Note 19 - Equity Incentive Pl_2
Note 19 - Equity Incentive Plan (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions [Table Text Block] | 2021 2020 2019 Expected dividends 1.53 % 1.56 % 1.60 % Expected term (in years) 9.13 7.38 7.14 Expected stock price volatility 36 % 31 % 25 % Risk-free rate 1.45 % 0.52 % 1.90 % |
Share-based Payment Arrangement, Option, Activity [Table Text Block] | 2021 2020 2019 Weighted Average Weighted Average Weighted Average Shares Exercise Price Shares Exercise Price Shares Exercise Price Outstanding at beginning of year 284,591 $ 43.71 273,039 $ 41.19 277,820 $ 40.11 Granted 121,830 61.48 43,833 55.72 17,833 51.16 Exercised (48,867 ) 40.76 (24,881 ) 37.84 (22,614 ) 35.78 Forfeited or expired (300 ) 37.60 (7,400 ) 41.70 — — Outstanding at end of year 357,254 $ 50.18 284,591 $ 43.71 273,039 $ 41.19 Options and cash-settled SARs exercisable at year end 159,560 $ 41.93 151,695 $ 40.89 122,932 $ 40.19 |
Share-based Payment Arrangement, Option, Exercise Price Range [Table Text Block] | Options and Cash-Settled SARs Outstanding Options and Cash-Settled SARs Exercisable Range of Exercise Prices Number Outstanding at 12/31/21 Weighted Average Exercise Price Weighted Average Remaining Contractual Term (In Years) Number Outstanding at 12/31/21 Weighted Average Exercise Price Weighted Average Remaining Contractual Term (In Years) $31.31 - $47.25 178,380 $ 41.09 4.86 147,782 $ 40.98 4.81 $51.00 - $63.25 178,874 $ 59.24 9.15 11,778 $ 53.55 7.88 357,254 159,560 Aggregate intrinsic value (in thousands) $ 4,670 $ 3,406 |
Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block] | Restricted Stock Shares Shares Weighted Average Grant-Date Fair Value Outstanding at December 31, 2020 — $ — Granted 1,250 62.10 Vested — — Forfeited — — Outstanding at December 31, 2021 1,250 $ 62.10 |
Note 20 - Earnings Per Share (T
Note 20 - Earnings Per Share (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Years Ended December 31, 2021 2020 2019 Basic EPS Computation: Numerator – Earnings available to common stockholders $ 49,426 38,492 36,044 Denominator – Weighted average number of common shares outstanding 11,131,897 10,927,065 10,743,269 Basic earnings per common share $ 4.44 3.52 3.36 Diluted EPS Computation: Numerator – Earnings available to common stockholders $ 49,426 38,492 36,044 Denominator – Weighted average number of common shares outstanding 11,131,897 10,927,065 10,743,269 Dilutive effect of stock options and restricted stock shares 31,059 26,681 18,198 11,162,956 10,953,746 10,761,467 Diluted earnings per common share $ 4.43 3.51 3.35 |
Note 21 - Derivatives (Tables)
Note 21 - Derivatives (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Summary of Fair Value Hedge Relationships [Table Text Block] | December 31, 2021 Balance Sheet Location Weighted Average Remaining Maturity (In Years) Weighted Average Pay Rate Receive Rate Notional Amount Estimated Fair Value Interest rate swap agreements - loans Other assets 8.42 0.65 % 1 month LIBOR $ 30,000 1,192 December 31, 2020 Balance Sheet Location Weighted Average Remaining Maturity (In Years) Weighted Average Pay Rate Receive Rate Notional Amount Estimated Fair Value Interest rate swap agreements - loans Other liabilities 9.42 0.65 % 1 month LIBOR $ 30,000 (51 ) |
Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block] | Carrying Amount of the Hedged Assets Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Assets Line item on the balance sheet December 31, 2021 December 31, 2020 December 31, 2021 December 31, 2020 Loans $ 28,875 29,842 (1,283 ) (158 ) |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block] | In Thousands 2021 2020 Notional Amount Fair Value Notional Amount Fair Value Included in other assets (liabilities): Interest rate contracts for customers $ 20,340 657 20,981 714 Forward contracts related to mortgage loans held-for-sale 20,500 6 21,250 (157 ) |
Interest Rate Swap [Member] | |
Notes Tables | |
Derivative Instruments, Gain (Loss) [Table Text Block] | Twelve Months Ended December 31, Gain (loss) on fair value hedging relationship 2021 2020 Interest rate swap agreements - loans: Hedged items $ (1,125 ) (158 ) Derivative designated as hedging instruments 1,243 (51 ) |
Mortgage Banking Derivatives [Member] | |
Notes Tables | |
Derivative Instruments, Gain (Loss) [Table Text Block] | In Thousands 2021 2020 Interest rate contracts for customers $ (57 ) 386 Forward contracts related to mortgage loans held for sale and interest rate contracts 163 (134 ) |
Note 22 - Disclosures About F_2
Note 22 - Disclosures About Fair Value of Financial Instruments (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | Measured on a Recurring Basis Total Carrying Value in the Consolidated Balance Sheet Quoted Market Prices in an Active Market (Level 1) Models with Significant Observable Market Parameters (Level 2) Models with Significant Unobservable Market Parameters (Level 3) December 31, 2021 Hedged Loans $ 28,875 — 28,875 — Investment securities available-for-sale: U.S. Treasury and other U.S. government agencies 7,221 7,221 — — U.S. Government sponsored enterprises 159,230 — 159,230 — Mortgage-backed securities 461,777 — 461,777 — Asset-backed securities 46,713 — 46,713 — Corporate bonds 2,575 — 2,575 — State and municipal securities 220,069 — 220,069 — Total investment securities available-for-sale 897,585 7,221 890,364 — Mortgage loans held for sale 11,843 — 11,843 — Derivatives 1,855 — 1,855 — Other investments 2,034 — — 2,034 Total assets $ 942,192 7,221 932,937 2,034 Derivatives $ — — — — Total liabilities $ — — — — Measured on a Recurring Basis Total Carrying Value in the Consolidated Balance Sheet Quoted Market Prices in an Active Market (Level 1) Models with Significant Observable Market Parameters (Level 2) Models with Significant Unobservable Market Parameters (Level 3) December 31, 2020 Hedged Loans $ 29,842 — 29,842 — Investment securities available-for-sale: U.S. Government sponsored enterprises 125,905 — 125,905 — Mortgage-backed securities 263,790 — 263,790 — Asset-backed securities 36,957 — 36,957 — Corporate bonds 2,600 — 2,600 — State and municipal securities 151,291 — 151,291 — Total investment securities available-for-sale 580,543 — 580,543 — Mortgage loans held for sale 19,474 — 19,474 — Derivatives 714 — 714 — Total assets $ 630,573 — 630,573 — Derivatives $ 208 — 208 — Total liabilities $ 208 — 208 — |
Fair Value Measurements, Nonrecurring [Table Text Block] | Measured on a Non-Recurring Basis Total Carrying Value in the Consolidated Balance Sheet Quoted Market Prices in an Active Market (Level 1) Models with Significant Observable Market Parameters (Level 2) Models with Significant Unobservable Market Parameters (Level 3) December 31, 2021 Other real estate owned $ — — — — Impaired loans, net (¹) 668 — — 668 Total $ 668 — — 668 December 31, 2020 Other real estate owned $ — — — — Impaired loans, net (¹) 2,635 — — 2,635 Total $ 2,635 — — 2,635 |
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block] | Valuation Techniques (2) Significant Unobservable Inputs Range (Weighted Average) Impaired loans Appraisal Estimated costs to sell 10 % Other real estate owned Appraisal Estimated costs to sell 10 % (2) The fair value is generally determined through independent appraisals of the underlying collateral, which may include Level 3 inputs that are not identifiable, or by using the discounted cash flow method if the loan is not collateral dependent. |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] | For the Year Ended December 31, 2021 2020 Other Assets Other Assets Fair value, January 1 $ — $ — Total realized gains included in income 34 — Change in unrealized gains/losses included in other comprehensive income for assets and liabilities still held at December 31 — — Purchases, issuances and settlements, net 2,000 — Transfers out of Level 3 — — Fair value, December 31 $ 2,034 $ — Total realized gains included in income related to financial assets and liabilities still on the consolidated balance sheet at December 31 $ 34 $ — |
Fair Value, by Balance Sheet Grouping [Table Text Block] | (in Thousands) Carrying/Notional Amount Estimated Fair Value (¹) Quoted Market Prices in an Active Market (Level 1) Models with Significant Observable Market Parameters (Level 2) Models with Significant Unobservable Market Parameters (Level 3) December 31, 2021 Financial assets: Cash and cash equivalents $ 453,418 453,418 453,418 — — Loans, net 2,444,282 2,439,539 — — 2,439,539 Restricted equity securities 5,089 NA NA NA NA Financial liabilities: Deposits 3,555,071 3,227,520 — — 3,227,520 December 31, 2020 Financial assets: Cash and cash equivalents $ 338,856 338,856 338,856 — — Loans, net 2,282,766 2,302,530 — — 2,302,530 Restricted equity securities 5,089 NA NA NA NA Financial liabilities: Deposits 2,960,595 2,796,339 — — 2,796,339 Federal Home Loan Bank borrowings 3,638 3,755 — — 3,755 |
Note 23 - Wilson Bank Holding_2
Note 23 - Wilson Bank Holding Company - Parent Company Financial Information (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Condensed Balance Sheet [Table Text Block] | Dollars In Thousands 2021 2020 ASSETS Cash $ 5,113 * 4,381 * Investment in wholly-owned commercial bank subsidiary 410,034 376,947 Deferred income taxes 1,028 854 Refundable income taxes 362 242 Total assets $ 416,537 382,424 LIABILITIES AND STOCKHOLDERS’ EQUITY Other liabilities $ 2,820 2,303 Total liabilities 2,820 2,303 Stockholders’ equity: Common stock, par value $ 2.00 50,000,000 11,201,504 10,993,404 22,403 21,987 Additional paid-in capital 105,177 93,034 Retained earnings 292,452 257,935 Net unrealized gains on available-for-sale securities, net of income taxes of $ 2,235 2,536 (6,315 ) 7,165 Total stockholders’ equity 413,717 380,121 Total liabilities and stockholders’ equity $ 416,537 382,424 |
Condensed Income Statement [Table Text Block] | Dollars In Thousands 2021 2020 2019 Income: Dividends from commercial bank subsidiary $ 4,300 5,000 2,800 Other income — 61 — 4,300 5,061 2,800 Expenses: Directors’ fees 341 335 283 Other 1,575 1,264 885 1,916 1,599 1,168 Income before Federal income tax benefits and equity in undistributed earnings of commercial bank subsidiary 2,384 3,462 1,632 Federal income tax benefits 475 471 287 2,859 3,933 1,919 Equity in undistributed earnings of commercial bank subsidiary 46,567 * 34,559 * 34,125 * Net earnings $ 49,426 38,492 36,044 |
Condensed Cash Flow Statement [Table Text Block] | Dollars In Thousands 2021 2020 2019 Cash flows from operating activities: Net earnings $ 49,426 38,492 36,044 Adjustments to reconcile net earnings to net cash used in operating activities: Equity in earnings of commercial bank subsidiary (50,867 ) (39,559 ) (36,925 ) Decrease (increase) in refundable income taxes (120 ) (110 ) 45 Increase in deferred taxes (174 ) (229 ) (156 ) Share based compensation expense 1,428 1,180 786 Increase in other liabilities 113 — — Total adjustments (49,620 ) (38,718 ) (36,250 ) Net cash used in operating activities (194 ) (226 ) (206 ) Cash flows from investing activities: Dividends received from commercial bank subsidiary 4,300 5,000 2,800 Net cash provided by investing activities 4,300 5,000 2,800 Cash flows from financing activities: Payments made to stock appreciation rights holders (515 ) (53 ) (9 ) Dividends paid (14,909 ) (13,013 ) (11,725 ) Proceeds from sale of stock pursuant to dividend reinvestment plan 11,188 10,056 9,134 Proceeds from exercise of stock options 862 718 775 Repurchase of stock options — — (1,629 ) Net cash used in financing activities (3,374 ) (2,292 ) (3,454 ) Net increase (decrease) in cash and cash equivalents 732 2,482 (860 ) Cash and cash equivalents at beginning of year 4,381 1,899 2,759 Cash and cash equivalents at end of year $ 5,113 4,381 1,899 |
Note 24 - Quarterly Financial_2
Note 24 - Quarterly Financial Data (Unaudited) (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Quarterly Financial Information [Table Text Block] | (In Thousands, except per share data) 2021 2020 2019 Fourth Third Second First Fourth Third Second First Fourth Third Second First Quarter Quarter Quarter Quarter Quarter Quarter Quarter Quarter Quarter Quarter Quarter Quarter Interest income $ 33,810 33,719 31,570 30,742 $ 30,351 30,961 31,569 30,087 $ 29,897 30,329 29,567 28,284 Interest expense 2,249 2,586 2,780 3,033 3,969 4,112 4,308 4,994 5,522 5,991 5,923 5,211 Net interest income 31,561 31,133 28,790 27,709 26,382 26,849 27,261 25,093 24,375 24,338 23,644 23,073 Provision for loan losses 131 130 55 827 3,065 1,038 4,124 1,469 686 167 154 1,033 Earnings before income taxes 17,512 17,405 14,449 14,792 10,771 14,669 11,313 11,357 10,222 13,556 12,451 10,882 Net earnings 13,801 13,342 11,139 11,144 8,902 11,532 9,027 9,031 7,972 10,266 9,516 8,290 Basic earnings per common share 1.23 1.19 1.00 1.01 0.81 1.05 0.83 0.83 0.74 0.95 0.89 0.77 Diluted earnings per common share 1.23 1.19 1.00 1.00 0.81 1.05 0.83 0.83 0.74 0.95 0.89 0.77 |
Note 25 - Revenue From Contra_2
Note 25 - Revenue From Contracts With Customers (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Schedule of Non-interest Income From Customer Contracts [Table Text Block] | Years ended December 31, 2021 2020 2019 (dollars in thousands) Fees and gains on sales of mortgage loans (1) $ 9,997 $ 9,560 $ 6,802 Service charges on deposits 6,137 5,659 6,952 Debit and credit card interchange income 12,029 9,187 8,301 Brokerage income 6,368 4,837 4,411 BOLI and annuity earnings (1) 1,109 959 723 Security gain (loss), net (1) 28 882 (268 ) Other non-interest income 1,428 2,056 1,428 Total non-interest income $ 37,096 $ 33,140 $ 28,349 |
Note 1 - Summary of Significa_2
Note 1 - Summary of Significant Accounting Policies (Details Textual) | 12 Months Ended | |||
Dec. 31, 2021USD ($) | Dec. 31, 2020USD ($) | Dec. 31, 2019USD ($) | Jan. 01, 2020 | |
Number of Full Service Branches | 27 | |||
Target Percentage of Loans Requiring Review | 100.00% | |||
Minimum Existing Loan Requiring Review | $ 2,000,000 | |||
Minimum New Loan Requiring Review | 500,000 | |||
Minimum Other Loans Amount Requiring Evaluated for Impairment | 500,000 | |||
Minimum Troubled Debt Restructuring Amount Requiring Evaluated for Impairment | 100,000 | |||
Debt Securities, Trading | 0 | $ 0 | ||
Federal Home Loan Bank Stock, Minimum Investment | 3,400,000 | |||
Goodwill, Impairment Loss | 0 | 0 | ||
Advertising Expense | $ 2,736,000 | 2,487,000 | $ 2,498,000 | |
Number of Operating Segments | 1 | |||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss, Total | $ 0 | $ 0 | ||
Minimum [Member] | ||||
Property, Plant and Equipment, Useful Life (Year) | 3 years | |||
Minimum [Member] | Accounting Standards Update 2016-13 [Member] | Pro Forma [Member] | ||||
Allowance for Loan and Lease Losses, Period Increase (Decrease), Percentage | 2.00% | |||
Maximum [Member] | ||||
Property, Plant and Equipment, Useful Life (Year) | 40 years | |||
Maximum [Member] | Accounting Standards Update 2016-13 [Member] | Pro Forma [Member] | ||||
Allowance for Loan and Lease Losses, Period Increase (Decrease), Percentage | 6.00% | |||
Residential 1 to 4 Family [Member] | Real Estate Portfolio Segment [Member] | ||||
Loan Portfolio Percentage | 27.00% | 23.00% | ||
Commercial Real Estate [Member] | Real Estate Portfolio Segment [Member] | ||||
Loan Portfolio Percentage | 35.00% | 36.00% | ||
Construction Loans [Member] | Real Estate Portfolio Segment [Member] | ||||
Loan Portfolio Percentage | 24.00% | 21.00% |
Note 2 - Loans and Allowance _3
Note 2 - Loans and Allowance for Loan Losses (Details Textual) | 12 Months Ended | ||
Dec. 31, 2021USD ($) | Dec. 31, 2020USD ($) | Dec. 31, 2019USD ($) | |
Loans Receivable with Variable Rates of Interest | $ 1,916,960,000 | $ 1,777,303,000 | |
Loans Receivable with Fixed Rates of Interest | 578,978,000 | 553,297,000 | |
Loans and Leases Receivable, Gross, Total | 2,495,938,000 | 2,330,600,000 | |
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest | $ 0 | $ 1,333,000 | |
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest, Number of Loans | 2 | ||
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | 0 | 0 | 0 |
Financing Receivable, Number of Payment Deferrals | 0 | ||
Mortgage Loans in Process of Foreclosure, Amount | $ 262,000 | $ 301,000 | |
Loans and Leases Receivable, Related Parties, Ending Balance | 5,725,000 | 7,675,000 | $ 12,878,000 |
Loans Originated Into Secondary Market | 215,813,000 | 213,483,000 | 160,921,000 |
Gain (Loss) on Sale of Mortgage Loans | 9,997,000 | 9,560,000 | $ 6,802,000 |
Loans Sold With Recourse In Secondary Market | 165,061,000 | 181,700,000 | |
Nonperforming Financial Instruments [Member] | |||
Potential Problem Loans | 7,700,000 | 8,200,000 | |
Real Estate Portfolio Segment [Member] | |||
Loans and Leases Receivable, Gross, Total | 2,303,140,000 | 2,076,783,000 | |
Commercial Portfolio Segment [Member] | |||
Loans and Leases Receivable, Gross, Total | 116,717,000 | 172,811,000 | |
Commercial Portfolio Segment [Member] | SBA CARES Act Paycheck Protection Program [Member] | |||
Loans and Leases Receivable, Gross, Total | 5,000,000 | ||
Consumer Portfolio Segment [Member] | |||
Loans and Leases Receivable, Gross, Total | $ 64,794,000 | $ 70,517,000 | |
Minimum [Member] | Real Estate Portfolio Segment [Member] | |||
Financing Receivable, Amortization Period (Year) | 15 years | ||
Financing Receivable, Maturity Period (Year) | 5 years | ||
Minimum [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable, Maturity Period (Year) | 1 year | ||
Maximum [Member] | Real Estate Portfolio Segment [Member] | |||
Financing Receivable, Amortization Period (Year) | 30 years | ||
Financing Receivable, Maturity Period (Year) | 15 years | ||
Maximum [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable, Maturity Period (Year) | 5 years |
Note 2 - Loans and Allowance _4
Note 2 - Loans and Allowance for Loan Losses - Loans (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Loans, gross | $ 2,495,938 | $ 2,330,600 | |
Net deferred loan fees | (12,024) | (9,295) | |
Total loans | 2,483,914 | 2,321,305 | |
Less: Allowance for loan losses | (39,632) | (38,539) | $ (28,726) |
Loans, net | 2,444,282 | 2,282,766 | |
Real Estate Portfolio Segment [Member] | |||
Loans, gross | 2,303,140 | 2,076,783 | |
Real Estate Portfolio Segment [Member] | Residential 1 to 4 Family [Member] | |||
Loans, gross | 679,536 | 535,994 | |
Less: Allowance for loan losses | (9,124) | (8,098) | (7,144) |
Real Estate Portfolio Segment [Member] | Multifamily Real Estate [Member] | |||
Loans, gross | 29,300 | 111,646 | |
Less: Allowance for loan losses | (396) | (1,541) | (1,117) |
Real Estate Portfolio Segment [Member] | Commercial Real Estate [Member] | |||
Loans, gross | 879,373 | 837,766 | |
Less: Allowance for loan losses | (16,450) | (16,802) | (11,114) |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | |||
Loans, gross | 603,292 | 488,626 | |
Less: Allowance for loan losses | (9,663) | (7,936) | (5,997) |
Real Estate Portfolio Segment [Member] | Farmland [Member] | |||
Loans, gross | 9,367 | 15,429 | |
Less: Allowance for loan losses | (94) | (154) | (187) |
Real Estate Portfolio Segment [Member] | Second Mortgages [Member] | |||
Loans, gross | 10,043 | 8,433 | |
Less: Allowance for loan losses | (118) | (105) | (123) |
Real Estate Portfolio Segment [Member] | Home Equity Line of Credit [Member] | |||
Loans, gross | 92,229 | 78,889 | |
Less: Allowance for loan losses | (1,098) | (997) | (889) |
Commercial Portfolio Segment [Member] | |||
Loans, gross | 116,717 | 172,811 | |
Less: Allowance for loan losses | (1,314) | (1,378) | $ (1,044) |
Agricultural Portfolio Segment [Member] | |||
Loans, gross | 1,438 | 1,206 | |
Consumer Portfolio Segment [Member] | |||
Loans, gross | 64,794 | 70,517 | |
Consumer Portfolio Segment [Member] | Personal Loan [Member] | |||
Loans, gross | 59,513 | 66,193 | |
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | |||
Loans, gross | 5,281 | 4,324 | |
Unallocated Financing Receivables [Member] | |||
Loans, gross | $ 9,849 | $ 9,283 |
Note 2 - Loans and Allowance _5
Note 2 - Loans and Allowance for Loan Losses - Loans on Nonaccrual Status (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Loans on Nonaccrual Status | $ 0 | $ 1,333 |
Real Estate Portfolio Segment [Member] | Residential 1 to 4 Family [Member] | ||
Loans on Nonaccrual Status | 0 | 1,022 |
Real Estate Portfolio Segment [Member] | Multifamily Real Estate [Member] | ||
Loans on Nonaccrual Status | 0 | 0 |
Real Estate Portfolio Segment [Member] | Commercial Real Estate [Member] | ||
Loans on Nonaccrual Status | 0 | 311 |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans on Nonaccrual Status | 0 | 0 |
Real Estate Portfolio Segment [Member] | Farmland [Member] | ||
Loans on Nonaccrual Status | 0 | 0 |
Real Estate Portfolio Segment [Member] | Second Mortgages [Member] | ||
Loans on Nonaccrual Status | 0 | 0 |
Real Estate Portfolio Segment [Member] | Home Equity Line of Credit [Member] | ||
Loans on Nonaccrual Status | 0 | 0 |
Commercial Portfolio Segment [Member] | ||
Loans on Nonaccrual Status | 0 | 0 |
Agricultural Installment and Other Portfolio Segment [Member] | ||
Loans on Nonaccrual Status | $ 0 | $ 0 |
Note 2 - Loans and Allowance _6
Note 2 - Loans and Allowance for Loan Losses - Loan Portfolio by Risk Rating (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Loans, gross | $ 2,495,938 | $ 2,330,600 |
Pass [Member] | ||
Loans, gross | 2,488,252 | 2,322,354 |
Special Mention [Member] | ||
Loans, gross | 5,855 | 3,639 |
Substandard [Member] | ||
Loans, gross | 1,831 | 4,607 |
Real Estate Portfolio Segment [Member] | ||
Loans, gross | 2,303,140 | 2,076,783 |
Real Estate Portfolio Segment [Member] | Residential 1 to 4 Family [Member] | ||
Loans, gross | 679,536 | 535,994 |
Real Estate Portfolio Segment [Member] | Residential 1 to 4 Family [Member] | Pass [Member] | ||
Loans, gross | 672,676 | 529,546 |
Real Estate Portfolio Segment [Member] | Residential 1 to 4 Family [Member] | Special Mention [Member] | ||
Loans, gross | 5,405 | 2,745 |
Real Estate Portfolio Segment [Member] | Residential 1 to 4 Family [Member] | Substandard [Member] | ||
Loans, gross | 1,455 | 3,703 |
Real Estate Portfolio Segment [Member] | Multifamily Real Estate [Member] | ||
Loans, gross | 29,300 | 111,646 |
Real Estate Portfolio Segment [Member] | Multifamily Real Estate [Member] | Pass [Member] | ||
Loans, gross | 29,300 | 111,646 |
Real Estate Portfolio Segment [Member] | Multifamily Real Estate [Member] | Special Mention [Member] | ||
Loans, gross | 0 | 0 |
Real Estate Portfolio Segment [Member] | Multifamily Real Estate [Member] | Substandard [Member] | ||
Loans, gross | 0 | 0 |
Real Estate Portfolio Segment [Member] | Commercial Real Estate [Member] | ||
Loans, gross | 879,373 | 837,766 |
Real Estate Portfolio Segment [Member] | Commercial Real Estate [Member] | Pass [Member] | ||
Loans, gross | 879,109 | 837,028 |
Real Estate Portfolio Segment [Member] | Commercial Real Estate [Member] | Special Mention [Member] | ||
Loans, gross | 0 | 149 |
Real Estate Portfolio Segment [Member] | Commercial Real Estate [Member] | Substandard [Member] | ||
Loans, gross | 264 | 589 |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans, gross | 603,292 | 488,626 |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Pass [Member] | ||
Loans, gross | 603,267 | 488,571 |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Special Mention [Member] | ||
Loans, gross | 25 | 27 |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Substandard [Member] | ||
Loans, gross | 0 | 28 |
Real Estate Portfolio Segment [Member] | Farmland [Member] | ||
Loans, gross | 9,367 | 15,429 |
Real Estate Portfolio Segment [Member] | Farmland [Member] | Pass [Member] | ||
Loans, gross | 9,270 | 15,301 |
Real Estate Portfolio Segment [Member] | Farmland [Member] | Special Mention [Member] | ||
Loans, gross | 68 | 79 |
Real Estate Portfolio Segment [Member] | Farmland [Member] | Substandard [Member] | ||
Loans, gross | 29 | 49 |
Real Estate Portfolio Segment [Member] | Second Mortgages [Member] | ||
Loans, gross | 10,043 | 8,433 |
Real Estate Portfolio Segment [Member] | Second Mortgages [Member] | Pass [Member] | ||
Loans, gross | 9,851 | 8,148 |
Real Estate Portfolio Segment [Member] | Second Mortgages [Member] | Special Mention [Member] | ||
Loans, gross | 161 | 169 |
Real Estate Portfolio Segment [Member] | Second Mortgages [Member] | Substandard [Member] | ||
Loans, gross | 31 | 116 |
Real Estate Portfolio Segment [Member] | Home Equity Line of Credit [Member] | ||
Loans, gross | 92,229 | 78,889 |
Real Estate Portfolio Segment [Member] | Home Equity Line of Credit [Member] | Pass [Member] | ||
Loans, gross | 92,208 | 78,565 |
Real Estate Portfolio Segment [Member] | Home Equity Line of Credit [Member] | Special Mention [Member] | ||
Loans, gross | 11 | 314 |
Real Estate Portfolio Segment [Member] | Home Equity Line of Credit [Member] | Substandard [Member] | ||
Loans, gross | 10 | 10 |
Commercial Portfolio Segment [Member] | ||
Loans, gross | 116,717 | 172,811 |
Commercial Portfolio Segment [Member] | Pass [Member] | ||
Loans, gross | 116,668 | 172,779 |
Commercial Portfolio Segment [Member] | Special Mention [Member] | ||
Loans, gross | 49 | 0 |
Commercial Portfolio Segment [Member] | Substandard [Member] | ||
Loans, gross | 0 | 32 |
Agricultural Installment and Other Portfolio Segment [Member] | ||
Loans, gross | 76,081 | 81,006 |
Agricultural Installment and Other Portfolio Segment [Member] | Pass [Member] | ||
Loans, gross | 75,903 | 80,770 |
Agricultural Installment and Other Portfolio Segment [Member] | Special Mention [Member] | ||
Loans, gross | 136 | 156 |
Agricultural Installment and Other Portfolio Segment [Member] | Substandard [Member] | ||
Loans, gross | $ 42 | $ 80 |
Note 2 - Loans and Allowance _7
Note 2 - Loans and Allowance for Loan Losses - Age Analysis of Past Due Loans (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Loans, gross | $ 2,495,938 | $ 2,330,600 |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 389 | 1,049 |
Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans, gross | 3,742 | 4,175 |
Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans, gross | 564 | 998 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans, gross | 389 | 2,382 |
Financial Asset, Past Due [Member] | ||
Loans, gross | 4,695 | 7,555 |
Financial Asset, Not Past Due [Member] | ||
Loans, gross | 2,491,243 | 2,323,045 |
Real Estate Portfolio Segment [Member] | ||
Loans, gross | 2,303,140 | 2,076,783 |
Real Estate Portfolio Segment [Member] | Residential 1 to 4 Family [Member] | ||
Loans, gross | 679,536 | 535,994 |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 357 | 796 |
Real Estate Portfolio Segment [Member] | Residential 1 to 4 Family [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans, gross | 1,951 | 2,634 |
Real Estate Portfolio Segment [Member] | Residential 1 to 4 Family [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans, gross | 169 | 511 |
Real Estate Portfolio Segment [Member] | Residential 1 to 4 Family [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans, gross | 357 | 1,818 |
Real Estate Portfolio Segment [Member] | Residential 1 to 4 Family [Member] | Financial Asset, Past Due [Member] | ||
Loans, gross | 2,477 | 4,963 |
Real Estate Portfolio Segment [Member] | Residential 1 to 4 Family [Member] | Financial Asset, Not Past Due [Member] | ||
Loans, gross | 677,059 | 531,031 |
Real Estate Portfolio Segment [Member] | Multifamily Real Estate [Member] | ||
Loans, gross | 29,300 | 111,646 |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Real Estate Portfolio Segment [Member] | Multifamily Real Estate [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans, gross | 0 | 0 |
Real Estate Portfolio Segment [Member] | Multifamily Real Estate [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans, gross | 0 | 0 |
Real Estate Portfolio Segment [Member] | Multifamily Real Estate [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans, gross | 0 | 0 |
Real Estate Portfolio Segment [Member] | Multifamily Real Estate [Member] | Financial Asset, Past Due [Member] | ||
Loans, gross | 0 | 0 |
Real Estate Portfolio Segment [Member] | Multifamily Real Estate [Member] | Financial Asset, Not Past Due [Member] | ||
Loans, gross | 29,300 | 111,646 |
Real Estate Portfolio Segment [Member] | Commercial Real Estate [Member] | ||
Loans, gross | 879,373 | 837,766 |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 149 |
Real Estate Portfolio Segment [Member] | Commercial Real Estate [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans, gross | 0 | 0 |
Real Estate Portfolio Segment [Member] | Commercial Real Estate [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans, gross | 0 | 0 |
Real Estate Portfolio Segment [Member] | Commercial Real Estate [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans, gross | 0 | 460 |
Real Estate Portfolio Segment [Member] | Commercial Real Estate [Member] | Financial Asset, Past Due [Member] | ||
Loans, gross | 0 | 460 |
Real Estate Portfolio Segment [Member] | Commercial Real Estate [Member] | Financial Asset, Not Past Due [Member] | ||
Loans, gross | 879,373 | 837,306 |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans, gross | 603,292 | 488,626 |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 44 |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans, gross | 1,154 | 768 |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans, gross | 215 | 0 |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans, gross | 0 | 44 |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Financial Asset, Past Due [Member] | ||
Loans, gross | 1,369 | 812 |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Financial Asset, Not Past Due [Member] | ||
Loans, gross | 601,923 | 487,814 |
Real Estate Portfolio Segment [Member] | Farmland [Member] | ||
Loans, gross | 9,367 | 15,429 |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Real Estate Portfolio Segment [Member] | Farmland [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans, gross | 0 | 0 |
Real Estate Portfolio Segment [Member] | Farmland [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans, gross | 0 | 0 |
Real Estate Portfolio Segment [Member] | Farmland [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans, gross | 0 | 0 |
Real Estate Portfolio Segment [Member] | Farmland [Member] | Financial Asset, Past Due [Member] | ||
Loans, gross | 0 | 0 |
Real Estate Portfolio Segment [Member] | Farmland [Member] | Financial Asset, Not Past Due [Member] | ||
Loans, gross | 9,367 | 15,429 |
Real Estate Portfolio Segment [Member] | Second Mortgages [Member] | ||
Loans, gross | 10,043 | 8,433 |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Real Estate Portfolio Segment [Member] | Second Mortgages [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans, gross | 121 | 265 |
Real Estate Portfolio Segment [Member] | Second Mortgages [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans, gross | 0 | 0 |
Real Estate Portfolio Segment [Member] | Second Mortgages [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans, gross | 0 | 0 |
Real Estate Portfolio Segment [Member] | Second Mortgages [Member] | Financial Asset, Past Due [Member] | ||
Loans, gross | 121 | 265 |
Real Estate Portfolio Segment [Member] | Second Mortgages [Member] | Financial Asset, Not Past Due [Member] | ||
Loans, gross | 9,922 | 8,168 |
Real Estate Portfolio Segment [Member] | Home Equity Line of Credit [Member] | ||
Loans, gross | 92,229 | 78,889 |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 9 | 0 |
Real Estate Portfolio Segment [Member] | Home Equity Line of Credit [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans, gross | 170 | 31 |
Real Estate Portfolio Segment [Member] | Home Equity Line of Credit [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans, gross | 0 | 302 |
Real Estate Portfolio Segment [Member] | Home Equity Line of Credit [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans, gross | 9 | 0 |
Real Estate Portfolio Segment [Member] | Home Equity Line of Credit [Member] | Financial Asset, Past Due [Member] | ||
Loans, gross | 179 | 333 |
Real Estate Portfolio Segment [Member] | Home Equity Line of Credit [Member] | Financial Asset, Not Past Due [Member] | ||
Loans, gross | 92,050 | 78,556 |
Commercial Portfolio Segment [Member] | ||
Loans, gross | 116,717 | 172,811 |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Commercial Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans, gross | 58 | 114 |
Commercial Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans, gross | 81 | 104 |
Commercial Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans, gross | 0 | 0 |
Commercial Portfolio Segment [Member] | Financial Asset, Past Due [Member] | ||
Loans, gross | 139 | 218 |
Commercial Portfolio Segment [Member] | Financial Asset, Not Past Due [Member] | ||
Loans, gross | 116,578 | 172,593 |
Agricultural Installment and Other Portfolio Segment [Member] | ||
Loans, gross | 76,081 | 81,006 |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 23 | 60 |
Agricultural Installment and Other Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans, gross | 288 | 363 |
Agricultural Installment and Other Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans, gross | 99 | 81 |
Agricultural Installment and Other Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans, gross | 23 | 60 |
Agricultural Installment and Other Portfolio Segment [Member] | Financial Asset, Past Due [Member] | ||
Loans, gross | 410 | 504 |
Agricultural Installment and Other Portfolio Segment [Member] | Financial Asset, Not Past Due [Member] | ||
Loans, gross | $ 75,671 | $ 80,502 |
Note 2 - Loans and Allowance _8
Note 2 - Loans and Allowance for Loan Losses - Allowance for Loan Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | ||||||||||||
Dec. 31, 2021 | Sep. 30, 2021 | Jun. 30, 2021 | Mar. 31, 2021 | Dec. 31, 2020 | Sep. 30, 2020 | Jun. 30, 2020 | Mar. 31, 2020 | Dec. 31, 2019 | Sep. 30, 2019 | Jun. 30, 2019 | Mar. 31, 2019 | Dec. 31, 2021 | Dec. 31, 2020 | |
Beginning balance | $ 38,539 | $ 28,726 | $ 38,539 | $ 28,726 | ||||||||||
Provision for loan losses | $ 131 | $ 130 | $ 55 | 827 | $ 3,065 | $ 1,038 | $ 4,124 | 1,469 | $ 686 | $ 167 | $ 154 | $ 1,033 | 1,143 | 9,696 |
Charge-offs | (1,048) | (914) | ||||||||||||
Recoveries | 998 | 1,031 | ||||||||||||
Ending balance | 39,632 | 38,539 | 28,726 | 39,632 | 38,539 | |||||||||
Ending balance individually evaluated for impairment | 0 | 742 | 0 | 742 | ||||||||||
Ending balance collectively evaluated for impairment | 39,632 | 37,797 | 39,632 | 37,797 | ||||||||||
Loans and Leases Receivable, Gross, Total | 2,495,938 | 2,330,600 | 2,495,938 | 2,330,600 | ||||||||||
Ending balance individually evaluated for impairment | 665 | 3,369 | 665 | 3,369 | ||||||||||
Ending balance collectively evaluated for impairment | 2,495,273 | 2,327,231 | 2,495,273 | 2,327,231 | ||||||||||
Real Estate Portfolio Segment [Member] | ||||||||||||||
Loans and Leases Receivable, Gross, Total | 2,303,140 | 2,076,783 | 2,303,140 | 2,076,783 | ||||||||||
Commercial Portfolio Segment [Member] | ||||||||||||||
Beginning balance | 1,378 | 1,044 | 1,378 | 1,044 | ||||||||||
Provision for loan losses | (37) | 343 | ||||||||||||
Charge-offs | (33) | (9) | ||||||||||||
Recoveries | 6 | 0 | ||||||||||||
Ending balance | 1,314 | 1,378 | 1,044 | 1,314 | 1,378 | |||||||||
Ending balance individually evaluated for impairment | 0 | 0 | 0 | 0 | ||||||||||
Ending balance collectively evaluated for impairment | 1,314 | 1,378 | 1,314 | 1,378 | ||||||||||
Loans and Leases Receivable, Gross, Total | 116,717 | 172,811 | 116,717 | 172,811 | ||||||||||
Ending balance individually evaluated for impairment | 0 | 0 | 0 | 0 | ||||||||||
Ending balance collectively evaluated for impairment | 116,717 | 172,811 | 116,717 | 172,811 | ||||||||||
Agricultural Installment and Other Portfolio Segment [Member] | ||||||||||||||
Beginning balance | 1,528 | 1,111 | 1,528 | 1,111 | ||||||||||
Provision for loan losses | 309 | 851 | ||||||||||||
Charge-offs | (992) | (898) | ||||||||||||
Recoveries | 530 | 464 | ||||||||||||
Ending balance | 1,375 | 1,528 | 1,111 | 1,375 | 1,528 | |||||||||
Ending balance individually evaluated for impairment | 0 | 0 | 0 | 0 | ||||||||||
Ending balance collectively evaluated for impairment | 1,375 | 1,528 | 1,375 | 1,528 | ||||||||||
Loans and Leases Receivable, Gross, Total | 76,081 | 81,006 | 76,081 | 81,006 | ||||||||||
Ending balance individually evaluated for impairment | 0 | 0 | 0 | 0 | ||||||||||
Ending balance collectively evaluated for impairment | 76,081 | 81,006 | 76,081 | 81,006 | ||||||||||
Residential 1 to 4 Family [Member] | Real Estate Portfolio Segment [Member] | ||||||||||||||
Beginning balance | 8,098 | 7,144 | 8,098 | 7,144 | ||||||||||
Provision for loan losses | 958 | 920 | ||||||||||||
Charge-offs | 0 | 0 | ||||||||||||
Recoveries | 68 | 34 | ||||||||||||
Ending balance | 9,124 | 8,098 | 7,144 | 9,124 | 8,098 | |||||||||
Ending balance individually evaluated for impairment | 0 | 594 | 0 | 594 | ||||||||||
Ending balance collectively evaluated for impairment | 9,124 | 7,504 | 9,124 | 7,504 | ||||||||||
Loans and Leases Receivable, Gross, Total | 679,536 | 535,994 | 679,536 | 535,994 | ||||||||||
Ending balance individually evaluated for impairment | 134 | 2,399 | 134 | 2,399 | ||||||||||
Ending balance collectively evaluated for impairment | 679,402 | 533,595 | 679,402 | 533,595 | ||||||||||
Multifamily Real Estate [Member] | Real Estate Portfolio Segment [Member] | ||||||||||||||
Beginning balance | 1,541 | 1,117 | 1,541 | 1,117 | ||||||||||
Provision for loan losses | (1,145) | 424 | ||||||||||||
Charge-offs | 0 | 0 | ||||||||||||
Recoveries | 0 | 0 | ||||||||||||
Ending balance | 396 | 1,541 | 1,117 | 396 | 1,541 | |||||||||
Ending balance individually evaluated for impairment | 0 | 0 | 0 | 0 | ||||||||||
Ending balance collectively evaluated for impairment | 396 | 1,541 | 396 | 1,541 | ||||||||||
Loans and Leases Receivable, Gross, Total | 29,300 | 111,646 | 29,300 | 111,646 | ||||||||||
Ending balance individually evaluated for impairment | 0 | 0 | 0 | 0 | ||||||||||
Ending balance collectively evaluated for impairment | 29,300 | 111,646 | 29,300 | 111,646 | ||||||||||
Commercial Real Estate [Member] | Real Estate Portfolio Segment [Member] | ||||||||||||||
Beginning balance | 16,802 | 11,114 | 16,802 | 11,114 | ||||||||||
Provision for loan losses | (352) | 5,388 | ||||||||||||
Charge-offs | 0 | 0 | ||||||||||||
Recoveries | 0 | 300 | ||||||||||||
Ending balance | 16,450 | 16,802 | 11,114 | 16,450 | 16,802 | |||||||||
Ending balance individually evaluated for impairment | 0 | 148 | 0 | 148 | ||||||||||
Ending balance collectively evaluated for impairment | 16,450 | 16,654 | 16,450 | 16,654 | ||||||||||
Loans and Leases Receivable, Gross, Total | 879,373 | 837,766 | 879,373 | 837,766 | ||||||||||
Ending balance individually evaluated for impairment | 531 | 970 | 531 | 970 | ||||||||||
Ending balance collectively evaluated for impairment | 878,842 | 836,796 | 878,842 | 836,796 | ||||||||||
Construction Loans [Member] | Real Estate Portfolio Segment [Member] | ||||||||||||||
Beginning balance | 7,936 | 5,997 | 7,936 | 5,997 | ||||||||||
Provision for loan losses | 1,356 | 1,766 | ||||||||||||
Charge-offs | (23) | 0 | ||||||||||||
Recoveries | 394 | 173 | ||||||||||||
Ending balance | 9,663 | 7,936 | 5,997 | 9,663 | 7,936 | |||||||||
Ending balance individually evaluated for impairment | 0 | 0 | 0 | 0 | ||||||||||
Ending balance collectively evaluated for impairment | 9,663 | 7,936 | 9,663 | 7,936 | ||||||||||
Loans and Leases Receivable, Gross, Total | 603,292 | 488,626 | 603,292 | 488,626 | ||||||||||
Ending balance individually evaluated for impairment | 0 | 0 | 0 | 0 | ||||||||||
Ending balance collectively evaluated for impairment | 603,292 | 488,626 | 603,292 | 488,626 | ||||||||||
Farmland [Member] | Real Estate Portfolio Segment [Member] | ||||||||||||||
Beginning balance | 154 | 187 | 154 | 187 | ||||||||||
Provision for loan losses | (60) | (33) | ||||||||||||
Charge-offs | 0 | 0 | ||||||||||||
Recoveries | 0 | 0 | ||||||||||||
Ending balance | 94 | 154 | 187 | 94 | 154 | |||||||||
Ending balance individually evaluated for impairment | 0 | 0 | 0 | 0 | ||||||||||
Ending balance collectively evaluated for impairment | 94 | 154 | 94 | 154 | ||||||||||
Loans and Leases Receivable, Gross, Total | 9,367 | 15,429 | 9,367 | 15,429 | ||||||||||
Ending balance individually evaluated for impairment | 0 | 0 | 0 | 0 | ||||||||||
Ending balance collectively evaluated for impairment | 9,367 | 15,429 | 9,367 | 15,429 | ||||||||||
Second Mortgages [Member] | Real Estate Portfolio Segment [Member] | ||||||||||||||
Beginning balance | 105 | 123 | 105 | 123 | ||||||||||
Provision for loan losses | 13 | (37) | ||||||||||||
Charge-offs | 0 | 0 | ||||||||||||
Recoveries | 0 | 19 | ||||||||||||
Ending balance | 118 | 105 | 123 | 118 | 105 | |||||||||
Ending balance individually evaluated for impairment | 0 | 0 | 0 | 0 | ||||||||||
Ending balance collectively evaluated for impairment | 118 | 105 | 118 | 105 | ||||||||||
Loans and Leases Receivable, Gross, Total | 10,043 | 8,433 | 10,043 | 8,433 | ||||||||||
Ending balance individually evaluated for impairment | 0 | 0 | 0 | 0 | ||||||||||
Ending balance collectively evaluated for impairment | 10,043 | 8,433 | 10,043 | 8,433 | ||||||||||
Home Equity Line of Credit [Member] | Real Estate Portfolio Segment [Member] | ||||||||||||||
Beginning balance | $ 997 | $ 889 | 997 | 889 | ||||||||||
Provision for loan losses | 101 | 74 | ||||||||||||
Charge-offs | 0 | (7) | ||||||||||||
Recoveries | 0 | 41 | ||||||||||||
Ending balance | 1,098 | 997 | $ 889 | 1,098 | 997 | |||||||||
Ending balance individually evaluated for impairment | 0 | 0 | 0 | 0 | ||||||||||
Ending balance collectively evaluated for impairment | 1,098 | 997 | 1,098 | 997 | ||||||||||
Loans and Leases Receivable, Gross, Total | 92,229 | 78,889 | 92,229 | 78,889 | ||||||||||
Ending balance individually evaluated for impairment | 0 | 0 | 0 | 0 | ||||||||||
Ending balance collectively evaluated for impairment | $ 92,229 | $ 78,889 | $ 92,229 | $ 78,889 |
Note 2 - Loans and Allowance _9
Note 2 - Loans and Allowance for Loan Losses - Impaired Loans (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Recorded Investment, with no related allowance | $ 668,000 | $ 1,473,000 |
Unpaid Principal Balance, with no related allowance | 665,000 | 1,818,000 |
Average Recorded Investment, with no related allowance | 917,000 | 706,000 |
Interest Income Recognized, with no related allowance | 32,000 | 26,000 |
Recorded Investment, with related allowance | 0 | 1,904,000 |
Unpaid Principal Balance, with related allowance | 0 | 1,899,000 |
Related Allowance | 0 | 742,000 |
Average Recorded Investment, with related allowance | 944,000 | 1,949,000 |
Interest Income Recognized, with related allowance | 0 | 88,000 |
Recorded Investment | 668,000 | 3,377,000 |
Unpaid Principal Balance | 665,000 | 3,717,000 |
Average Recorded Investment | 1,861,000 | 2,655,000 |
Interest Income Recognized | 32,000 | 114,000 |
Real Estate Portfolio Segment [Member] | Residential 1 to 4 Family [Member] | ||
Recorded Investment, with no related allowance | 136,000 | 1,162,000 |
Unpaid Principal Balance, with no related allowance | 134,000 | 1,507,000 |
Average Recorded Investment, with no related allowance | 614,000 | 395,000 |
Interest Income Recognized, with no related allowance | 7,000 | 26,000 |
Recorded Investment, with related allowance | 0 | 1,242,000 |
Unpaid Principal Balance, with related allowance | 0 | 1,240,000 |
Related Allowance | 0 | 594,000 |
Average Recorded Investment, with related allowance | 602,000 | 1,273,000 |
Interest Income Recognized, with related allowance | 0 | 66,000 |
Recorded Investment | 136,000 | 2,404,000 |
Unpaid Principal Balance | 134,000 | 2,747,000 |
Average Recorded Investment | 1,216,000 | 1,668,000 |
Interest Income Recognized | 7,000 | 92,000 |
Real Estate Portfolio Segment [Member] | Multifamily Real Estate [Member] | ||
Recorded Investment, with no related allowance | 0 | 0 |
Unpaid Principal Balance, with no related allowance | 0 | 0 |
Average Recorded Investment, with no related allowance | 0 | 0 |
Interest Income Recognized, with no related allowance | 0 | 0 |
Recorded Investment, with related allowance | 0 | 0 |
Unpaid Principal Balance, with related allowance | 0 | 0 |
Related Allowance | 0 | 0 |
Average Recorded Investment, with related allowance | 0 | 0 |
Interest Income Recognized, with related allowance | 0 | 0 |
Recorded Investment | 0 | 0 |
Unpaid Principal Balance | 0 | 0 |
Average Recorded Investment | 0 | 0 |
Interest Income Recognized | 0 | 0 |
Real Estate Portfolio Segment [Member] | Commercial Real Estate [Member] | ||
Recorded Investment, with no related allowance | 532,000 | 311,000 |
Unpaid Principal Balance, with no related allowance | 531,000 | 311,000 |
Average Recorded Investment, with no related allowance | 303,000 | 311,000 |
Interest Income Recognized, with no related allowance | 25,000 | 0 |
Recorded Investment, with related allowance | 0 | 662,000 |
Unpaid Principal Balance, with related allowance | 0 | 659,000 |
Related Allowance | 0 | 148,000 |
Average Recorded Investment, with related allowance | 342,000 | 676,000 |
Interest Income Recognized, with related allowance | 0 | 22,000 |
Recorded Investment | 532,000 | 973,000 |
Unpaid Principal Balance | 531,000 | 970,000 |
Average Recorded Investment | 645,000 | 987,000 |
Interest Income Recognized | 25,000 | 22,000 |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Recorded Investment, with no related allowance | 0 | 0 |
Unpaid Principal Balance, with no related allowance | 0 | 0 |
Average Recorded Investment, with no related allowance | 0 | 0 |
Interest Income Recognized, with no related allowance | 0 | 0 |
Recorded Investment, with related allowance | 0 | 0 |
Unpaid Principal Balance, with related allowance | 0 | 0 |
Related Allowance | 0 | 0 |
Average Recorded Investment, with related allowance | 0 | 0 |
Interest Income Recognized, with related allowance | 0 | 0 |
Recorded Investment | 0 | 0 |
Unpaid Principal Balance | 0 | 0 |
Average Recorded Investment | 0 | 0 |
Interest Income Recognized | 0 | 0 |
Real Estate Portfolio Segment [Member] | Farmland [Member] | ||
Recorded Investment, with no related allowance | 0 | 0 |
Unpaid Principal Balance, with no related allowance | 0 | 0 |
Average Recorded Investment, with no related allowance | 0 | 0 |
Interest Income Recognized, with no related allowance | 0 | 0 |
Recorded Investment, with related allowance | 0 | 0 |
Unpaid Principal Balance, with related allowance | 0 | 0 |
Related Allowance | 0 | 0 |
Average Recorded Investment, with related allowance | 0 | 0 |
Interest Income Recognized, with related allowance | 0 | 0 |
Recorded Investment | 0 | 0 |
Unpaid Principal Balance | 0 | 0 |
Average Recorded Investment | 0 | 0 |
Interest Income Recognized | 0 | 0 |
Real Estate Portfolio Segment [Member] | Second Mortgages [Member] | ||
Recorded Investment, with no related allowance | 0 | 0 |
Unpaid Principal Balance, with no related allowance | 0 | 0 |
Average Recorded Investment, with no related allowance | 0 | 0 |
Interest Income Recognized, with no related allowance | 0 | 0 |
Recorded Investment, with related allowance | 0 | 0 |
Unpaid Principal Balance, with related allowance | 0 | 0 |
Related Allowance | 0 | 0 |
Average Recorded Investment, with related allowance | 0 | 0 |
Interest Income Recognized, with related allowance | 0 | 0 |
Recorded Investment | 0 | 0 |
Unpaid Principal Balance | 0 | 0 |
Average Recorded Investment | 0 | 0 |
Interest Income Recognized | 0 | 0 |
Real Estate Portfolio Segment [Member] | Home Equity Line of Credit [Member] | ||
Recorded Investment, with no related allowance | 0 | 0 |
Unpaid Principal Balance, with no related allowance | 0 | 0 |
Average Recorded Investment, with no related allowance | 0 | 0 |
Interest Income Recognized, with no related allowance | 0 | 0 |
Recorded Investment, with related allowance | 0 | 0 |
Unpaid Principal Balance, with related allowance | 0 | 0 |
Related Allowance | 0 | 0 |
Average Recorded Investment, with related allowance | 0 | 0 |
Interest Income Recognized, with related allowance | 0 | 0 |
Recorded Investment | 0 | 0 |
Unpaid Principal Balance | 0 | 0 |
Average Recorded Investment | 0 | 0 |
Interest Income Recognized | 0 | 0 |
Commercial Portfolio Segment [Member] | ||
Recorded Investment, with no related allowance | 0 | 0 |
Unpaid Principal Balance, with no related allowance | 0 | 0 |
Average Recorded Investment, with no related allowance | 0 | 0 |
Interest Income Recognized, with no related allowance | 0 | 0 |
Recorded Investment, with related allowance | 0 | 0 |
Unpaid Principal Balance, with related allowance | 0 | 0 |
Related Allowance | 0 | 0 |
Average Recorded Investment, with related allowance | 0 | 0 |
Interest Income Recognized, with related allowance | 0 | 0 |
Recorded Investment | 0 | 0 |
Unpaid Principal Balance | 0 | 0 |
Average Recorded Investment | 0 | 0 |
Interest Income Recognized | 0 | 0 |
Agricultural Installment and Other Portfolio Segment [Member] | ||
Recorded Investment, with no related allowance | 0 | 0 |
Unpaid Principal Balance, with no related allowance | 0 | 0 |
Average Recorded Investment, with no related allowance | 0 | 0 |
Interest Income Recognized, with no related allowance | 0 | 0 |
Recorded Investment, with related allowance | 0 | 0 |
Unpaid Principal Balance, with related allowance | 0 | 0 |
Related Allowance | 0 | 0 |
Average Recorded Investment, with related allowance | 0 | 0 |
Interest Income Recognized, with related allowance | 0 | 0 |
Recorded Investment | 0 | 0 |
Unpaid Principal Balance | 0 | 0 |
Average Recorded Investment | 0 | 0 |
Interest Income Recognized | $ 0 | $ 0 |
Note 2 - Loans and Allowance_10
Note 2 - Loans and Allowance for Loan Losses - Troubled Debt Restructuring (Details) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021USD ($) | Dec. 31, 2020USD ($) | Dec. 31, 2019USD ($) | |
Total TDRS | $ 1,041 | $ 2,676 | |
Number of Contracts | 0 | 1 | 5 |
Pre Modification Outstanding Recorded Investment | $ 0 | $ 111 | $ 4,015 |
Post Modification Outstanding Recorded Investment, Net of Related Allowance | 0 | 132 | $ 3,018 |
Performing Financial Instruments [Member] | |||
Total TDRS | 876 | 2,147 | |
Nonperforming Financial Instruments [Member] | |||
Total TDRS | $ 165 | $ 529 | |
Commercial Portfolio Segment [Member] | |||
Number of Contracts | 0 | 0 | 0 |
Pre Modification Outstanding Recorded Investment | $ 0 | $ 0 | $ 0 |
Post Modification Outstanding Recorded Investment, Net of Related Allowance | $ 0 | $ 0 | $ 0 |
Agricultural Installment and Other Portfolio Segment [Member] | |||
Number of Contracts | 0 | 0 | 0 |
Pre Modification Outstanding Recorded Investment | $ 0 | $ 0 | $ 0 |
Post Modification Outstanding Recorded Investment, Net of Related Allowance | $ 0 | $ 0 | $ 0 |
Residential 1 to 4 Family [Member] | Real Estate Portfolio Segment [Member] | |||
Number of Contracts | 0 | 0 | 1 |
Pre Modification Outstanding Recorded Investment | $ 0 | $ 0 | $ 1,338 |
Post Modification Outstanding Recorded Investment, Net of Related Allowance | $ 0 | $ 0 | $ 619 |
Multifamily Real Estate [Member] | Real Estate Portfolio Segment [Member] | |||
Number of Contracts | 0 | 0 | 0 |
Pre Modification Outstanding Recorded Investment | $ 0 | $ 0 | $ 0 |
Post Modification Outstanding Recorded Investment, Net of Related Allowance | $ 0 | $ 0 | $ 0 |
Commercial Real Estate [Member] | Real Estate Portfolio Segment [Member] | |||
Number of Contracts | 0 | 1 | 4 |
Pre Modification Outstanding Recorded Investment | $ 0 | $ 111 | $ 2,677 |
Post Modification Outstanding Recorded Investment, Net of Related Allowance | $ 0 | $ 132 | $ 2,399 |
Construction Loans [Member] | Real Estate Portfolio Segment [Member] | |||
Number of Contracts | 0 | 0 | 0 |
Pre Modification Outstanding Recorded Investment | $ 0 | $ 0 | $ 0 |
Post Modification Outstanding Recorded Investment, Net of Related Allowance | $ 0 | $ 0 | $ 0 |
Farmland [Member] | Real Estate Portfolio Segment [Member] | |||
Number of Contracts | 0 | 0 | 0 |
Pre Modification Outstanding Recorded Investment | $ 0 | $ 0 | $ 0 |
Post Modification Outstanding Recorded Investment, Net of Related Allowance | $ 0 | $ 0 | $ 0 |
Second Mortgages [Member] | Real Estate Portfolio Segment [Member] | |||
Number of Contracts | 0 | 0 | 0 |
Pre Modification Outstanding Recorded Investment | $ 0 | $ 0 | $ 0 |
Post Modification Outstanding Recorded Investment, Net of Related Allowance | $ 0 | $ 0 | $ 0 |
Home Equity Line of Credit [Member] | Real Estate Portfolio Segment [Member] | |||
Number of Contracts | 0 | 0 | 0 |
Pre Modification Outstanding Recorded Investment | $ 0 | $ 0 | $ 0 |
Post Modification Outstanding Recorded Investment, Net of Related Allowance | $ 0 | $ 0 | $ 0 |
Note 2 - Loans and Allowance_11
Note 2 - Loans and Allowance for Loan Losses - Loans to Related Parties (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Balance | $ 7,675,000 | $ 12,878,000 |
New loans and renewals during the year | 11,009,000 | 11,153,000 |
Repayments (including loans paid by renewal) during the year | (12,959,000) | (16,356,000) |
Balance | $ 5,725,000 | $ 7,675,000 |
Note 3 - Debt and Equity Secu_3
Note 3 - Debt and Equity Securities (Details Textual) - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Debt Securities, Available-for-sale, Amortized Cost, Total | $ 906,135,000 | $ 570,842,000 |
Debt Securities, Available-for-sale, Total | 897,585,000 | 580,543,000 |
Security Owned and Pledged as Collateral | 368,718,000 | 282,028,000 |
Security Owned and Pledged as Collateral, Fair Value, Total | 364,893,000 | 288,013,000 |
Securities Adjust Prior to Maturity | 102,590,000 | 48,215,000 |
Securities Adjust Prior to Maturity, Market Value | 101,315,000 | 48,439,000 |
Tennessee, Alabama, and Texas [Member] | ||
Security Owned and Pledged as Collateral | 111,103,000 | 78,931,000 |
Security Owned and Pledged as Collateral, Fair Value, Total | 110,384,000 | 80,713,000 |
Collateralized Mortgage Obligations [Member] | ||
Debt Securities, Available-for-sale, Amortized Cost, Total | 130,594,000 | 88,472,000 |
Debt Securities, Available-for-sale, Total | $ 128,281,000 | $ 89,116,000 |
Note 3 - Debt and Equity Secu_4
Note 3 - Debt and Equity Securities - Debt and Equity Securities (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Available-for-sale, amortized cost | $ 906,135 | $ 570,842 |
Securities, Available-for-sale, Gross Unrealized Gains | 5,645 | 10,875 |
Securities, Available-for-sale, Gross Unrealized Losses | 14,195 | 1,174 |
Debt Securities, Available-for-sale, Total | 897,585 | 580,543 |
US Treasury and Other US Government Agencies Debt Securities [Member] | ||
Available-for-sale, amortized cost | 7,320 | |
Securities, Available-for-sale, Gross Unrealized Gains | 0 | |
Securities, Available-for-sale, Gross Unrealized Losses | 99 | |
Debt Securities, Available-for-sale, Total | 7,221 | |
US Government-sponsored Enterprises Debt Securities [Member] | ||
Available-for-sale, amortized cost | 163,700 | 125,712 |
Securities, Available-for-sale, Gross Unrealized Gains | 20 | 328 |
Securities, Available-for-sale, Gross Unrealized Losses | 4,490 | 135 |
Debt Securities, Available-for-sale, Total | 159,230 | 125,905 |
Collateralized Mortgage Backed Securities [Member] | ||
Available-for-sale, amortized cost | 465,588 | 258,774 |
Securities, Available-for-sale, Gross Unrealized Gains | 2,726 | 5,636 |
Securities, Available-for-sale, Gross Unrealized Losses | 6,537 | 620 |
Debt Securities, Available-for-sale, Total | 461,777 | 263,790 |
Asset-backed Securities [Member] | ||
Available-for-sale, amortized cost | 46,583 | 36,394 |
Securities, Available-for-sale, Gross Unrealized Gains | 213 | 582 |
Securities, Available-for-sale, Gross Unrealized Losses | 83 | 19 |
Debt Securities, Available-for-sale, Total | 46,713 | 36,957 |
Corporate Debt Securities [Member] | ||
Available-for-sale, amortized cost | 2,500 | 2,500 |
Securities, Available-for-sale, Gross Unrealized Gains | 75 | 100 |
Securities, Available-for-sale, Gross Unrealized Losses | 0 | 0 |
Debt Securities, Available-for-sale, Total | 2,575 | 2,600 |
US States and Political Subdivisions Debt Securities [Member] | ||
Available-for-sale, amortized cost | 220,444 | 147,462 |
Securities, Available-for-sale, Gross Unrealized Gains | 2,611 | 4,229 |
Securities, Available-for-sale, Gross Unrealized Losses | 2,986 | 400 |
Debt Securities, Available-for-sale, Total | $ 220,069 | $ 151,291 |
Note 3 - Debt and Equity Secu_5
Note 3 - Debt and Equity Securities - Debt Securities by Contractual Maturity (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Due in one year or less, securities available-for-sale, amortized cost | $ 22 | |
Due in one year or less, securities available-for-sale, estimated market value | 22 | |
Due after one year through five years, securities available-for-sale, amortized cost | 57,492 | |
Due after one year through five years, securities available-for-sale, estimated market value | 57,441 | |
Due after five years through ten years, securities available-for-sale, amortized cost | 240,922 | |
Due after five years through ten years, securities available-for-sale, estimated market value | 235,883 | |
Due after ten years, securities available-for-sale, amortized cost | 607,699 | |
Due after ten years, securities available-for-sale, estimated market value | 604,239 | |
Debt Securities, Available-for-sale, Amortized Cost, Total | 906,135 | $ 570,842 |
Debt Securities, Available-for-sale, Total | $ 897,585 | $ 580,543 |
Note 3 - Debt and Equity Secu_6
Note 3 - Debt and Equity Securities - Sales of Debt and Equity Securities (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Sales | $ 39,652 | $ 54,870 | $ 37,325 |
Gross realized gains | 137 | 901 | 75 |
Gross realized losses | (109) | (19) | (343) |
Net realized gains (losses) | $ 28 | $ 882 | $ (268) |
Note 3 - Debt and Equity Secu_7
Note 3 - Debt and Equity Securities - Gross Unrealized Losses and Fair Value of Company's Investments (Details) $ in Thousands | Dec. 31, 2021USD ($)item | Dec. 31, 2020USD ($) |
Available-for-Sale Securities, Less than 12 Months, Fair Value | $ 536,868 | $ 175,383 |
Available-for-Sale Securities, Less than 12 Months, Unrealized Losses | $ 8,736 | $ 1,121 |
Available-for-Sale Securities, Less than 12 Months, Number of Securities Included | 215 | 83 |
Available-for-Sale Securities, 12 Months or More, Fair Value | $ 137,126 | $ 7,465 |
Available-for-Sale Securities, 12 Months or More, Unrealized Losses | $ 5,459 | $ 53 |
Available-for-Sale Securities, 12 Months or More, Number of Securities Included | 85 | 13 |
Available-for-Sale Securities, Total, Fair Value | $ 673,994 | $ 182,848 |
Available-for-Sale Securities, Total, Unrealized Losses | 14,195 | 1,174 |
US Treasury and Other US Government Agencies Debt Securities [Member] | ||
Available-for-Sale Securities, Less than 12 Months, Fair Value | 7,221 | |
Available-for-Sale Securities, Less than 12 Months, Unrealized Losses | $ 99 | |
Available-for-Sale Securities, Less than 12 Months, Number of Securities Included | 3 | |
Available-for-Sale Securities, 12 Months or More, Fair Value | $ 0 | |
Available-for-Sale Securities, 12 Months or More, Unrealized Losses | $ 0 | |
Available-for-Sale Securities, 12 Months or More, Number of Securities Included | 0 | |
Available-for-Sale Securities, Total, Fair Value | $ 7,221 | |
Available-for-Sale Securities, Total, Unrealized Losses | 99 | |
US Government-sponsored Enterprises Debt Securities [Member] | ||
Available-for-Sale Securities, Less than 12 Months, Fair Value | 110,981 | 47,991 |
Available-for-Sale Securities, Less than 12 Months, Unrealized Losses | $ 2,466 | $ 135 |
Available-for-Sale Securities, Less than 12 Months, Number of Securities Included | 33 | 18 |
Available-for-Sale Securities, 12 Months or More, Fair Value | $ 45,725 | |
Available-for-Sale Securities, 12 Months or More, Unrealized Losses | $ 2,024 | |
Available-for-Sale Securities, 12 Months or More, Number of Securities Included | 19 | |
Available-for-Sale Securities, Total, Fair Value | $ 156,706 | $ 47,991 |
Available-for-Sale Securities, Total, Unrealized Losses | 4,490 | 135 |
Collateralized Mortgage Backed Securities [Member] | ||
Available-for-Sale Securities, Less than 12 Months, Fair Value | 317,211 | 78,381 |
Available-for-Sale Securities, Less than 12 Months, Unrealized Losses | $ 4,644 | $ 573 |
Available-for-Sale Securities, Less than 12 Months, Number of Securities Included | 96 | 29 |
Available-for-Sale Securities, 12 Months or More, Fair Value | $ 54,692 | $ 6,776 |
Available-for-Sale Securities, 12 Months or More, Unrealized Losses | $ 1,893 | $ 47 |
Available-for-Sale Securities, 12 Months or More, Number of Securities Included | 33 | 12 |
Available-for-Sale Securities, Total, Fair Value | $ 371,903 | $ 85,157 |
Available-for-Sale Securities, Total, Unrealized Losses | 6,537 | 620 |
Asset-backed Securities [Member] | ||
Available-for-Sale Securities, Less than 12 Months, Fair Value | 17,945 | 4,950 |
Available-for-Sale Securities, Less than 12 Months, Unrealized Losses | $ 67 | $ 19 |
Available-for-Sale Securities, Less than 12 Months, Number of Securities Included | 9 | 3 |
Available-for-Sale Securities, 12 Months or More, Fair Value | $ 484 | |
Available-for-Sale Securities, 12 Months or More, Unrealized Losses | $ 16 | |
Available-for-Sale Securities, 12 Months or More, Number of Securities Included | 1 | |
Available-for-Sale Securities, Total, Fair Value | $ 18,429 | $ 4,950 |
Available-for-Sale Securities, Total, Unrealized Losses | 83 | 19 |
Corporate Debt Securities [Member] | ||
Available-for-Sale Securities, Less than 12 Months, Fair Value | 0 | |
Available-for-Sale Securities, Less than 12 Months, Unrealized Losses | $ 0 | |
Available-for-Sale Securities, Less than 12 Months, Number of Securities Included | item | 0 | |
Available-for-Sale Securities, 12 Months or More, Fair Value | $ 0 | |
Available-for-Sale Securities, 12 Months or More, Unrealized Losses | $ 0 | |
Available-for-Sale Securities, 12 Months or More, Number of Securities Included | item | 0 | |
Available-for-Sale Securities, Total, Fair Value | $ 0 | |
Available-for-Sale Securities, Total, Unrealized Losses | 0 | |
US States and Political Subdivisions Debt Securities [Member] | ||
Available-for-Sale Securities, Less than 12 Months, Fair Value | 83,510 | 44,061 |
Available-for-Sale Securities, Less than 12 Months, Unrealized Losses | $ 1,460 | $ 394 |
Available-for-Sale Securities, Less than 12 Months, Number of Securities Included | 74 | 33 |
Available-for-Sale Securities, 12 Months or More, Fair Value | $ 36,225 | $ 689 |
Available-for-Sale Securities, 12 Months or More, Unrealized Losses | $ 1,526 | $ 6 |
Available-for-Sale Securities, 12 Months or More, Number of Securities Included | 32 | 1 |
Available-for-Sale Securities, Total, Fair Value | $ 119,735 | $ 44,750 |
Available-for-Sale Securities, Total, Unrealized Losses | $ 2,986 | $ 400 |
Note 4 - Leases - Lease Assets
Note 4 - Leases - Lease Assets and Lease Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Other Assets [Member] | ||
Operating lease right-of-use assets | $ 4,110 | $ 3,825 |
Other Liabilities [Member] | ||
Operating lease liabilities | $ 4,247 | $ 3,947 |
Note 4 - Leases - Lease Cost (D
Note 4 - Leases - Lease Cost (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Operating lease cost | $ 550 | $ 535 |
Short-term lease cost | 40 | 4 |
Net lease cost | $ 590 | $ 539 |
Operating Leases, Weighted average remaining lease term (Year) | 10 years 5 months 1 day | 11 years 3 months 21 days |
Operating Leases, Weighted average discount rate | 4.00% | 4.00% |
Operating cash flows related to operating leases | $ 535 | $ 426 |
Note 4 - Leases - Future Undisc
Note 4 - Leases - Future Undiscounted Lease Payments for Operating Leases (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
2022 | $ 544 | |
2023 | 553 | |
2024 | 566 | |
2025 | 571 | |
2026 | 576 | |
Thereafter | 2,392 | |
Total undiscounted lease payments | 5,202 | |
Less: imputed interest | (955) | |
Other Liabilities [Member] | ||
Net lease liabilities | $ 4,247 | $ 3,947 |
Note 5 - Restricted Equity Se_2
Note 5 - Restricted Equity Securities (Details Textual) - USD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
Federal Home Loan Bank Certificates and Obligations (FHLB) [Member] | ||
Restricted Investments | $ 5,089,000 | $ 5,089,000 |
Note 6 - Premises and Equipme_3
Note 6 - Premises and Equipment (Details Textual) - USD ($) | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Depreciation, Total | $ 4,235,000 | $ 4,250,000 | $ 3,984,000 |
Construction and Repairs of Buildings [Member] | Director [Member] | |||
Related Party Transaction, Amounts of Transaction | $ 1,227,000 | $ 571,000 | $ 2,207,000 |
Note 6 - Premises and Equipme_4
Note 6 - Premises and Equipment - Premises and Equipment (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Premises and equipment, gross | $ 85,704 | $ 78,603 |
Less accumulated depreciation | (22,858) | (20,401) |
Property, Plant and Equipment, Net, Ending Balance | 62,846 | 58,202 |
Land [Member] | ||
Premises and equipment, gross | 20,156 | 17,093 |
Building [Member] | ||
Premises and equipment, gross | 46,112 | 46,584 |
Leasehold Improvements [Member] | ||
Premises and equipment, gross | 1,155 | 573 |
Furniture and Fixtures [Member] | ||
Premises and equipment, gross | 14,705 | 13,861 |
Vehicles [Member] | ||
Premises and equipment, gross | 241 | 175 |
Construction in Progress [Member] | ||
Premises and equipment, gross | $ 3,335 | $ 317 |
Note 7 - Goodwill (Details Text
Note 7 - Goodwill (Details Textual) | Dec. 31, 2005 |
Acquisition of Subsidiaries [Member] | |
Business Acquisition, Percentage of Voting Interests Acquired | 100.00% |
Note 7 - Goodwill - Goodwill (D
Note 7 - Goodwill - Goodwill (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Balance | $ 4,805 | $ 4,805 |
Goodwill acquired during year | 0 | 0 |
Impairment loss | 0 | 0 |
Balance | $ 4,805 | $ 4,805 |
Note 8 - Deposits (Details Text
Note 8 - Deposits (Details Textual) - USD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
Deposit Liabilities Reclassified as Loans Receivable | $ 529,000 | $ 284,000 |
Related Party Deposit Liabilities | 5,806,000 | 3,786,000 |
Minimum Average Yearly Cash Balance With Federal Reserve | $ 0 | $ 0 |
Note 8 - Deposits - Deposits (D
Note 8 - Deposits - Deposits (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Demand deposits | $ 506,258 | $ 391,360 |
Savings accounts | 296,434 | 201,984 |
Negotiable order of withdrawal accounts | 957,985 | 771,195 |
Money market demand accounts | 1,201,235 | 984,677 |
Certificates of deposit $250,000 or greater | 123,297 | 112,696 |
Other certificates of deposit | 399,850 | 425,299 |
Individual retirement accounts $250,000 or greater | 8,618 | 10,323 |
Other individual retirement accounts | 61,394 | 63,061 |
Deposits, Total | $ 3,555,071 | $ 2,960,595 |
Note 8 - Deposits - Principal M
Note 8 - Deposits - Principal Maturities of Certificates of Deposit and Individual Retirement Accounts (Details) $ in Thousands | Dec. 31, 2021USD ($) |
2022 | $ 339,093 |
2023 | 137,141 |
2024 | 71,616 |
2025 | 21,398 |
2026 | 23,898 |
Thereafter | 13 |
Time Deposits, Total | $ 593,159 |
Note 9 - Federal Home Loan Ba_3
Note 9 - Federal Home Loan Bank Advances (Details Textual) - USD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
Advances from Federal Home Loan Banks, Total | $ 0 | $ 3,638,000 |
Federal Home Loan Bank, Advances, Activity for Year, Average Interest Rate at Period End | 2.68% | |
Federal Home Loan Bank, Advances, General Debt Obligations, Amount of Available, Unused Funds | $ 426,347,000 |
Note 9 - Federal Home Loan Ba_4
Note 9 - Federal Home Loan Bank Advances - Required Future Principal Payments (Details) - USD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
2021 | $ 1,350,000 | |
2022 | 1,350,000 | |
2023 | 788,000 | |
2024 | 150,000 | |
2025 | 0 | |
Thereafter | 0 | |
Total | $ 0 | $ 3,638,000 |
Note 10 - Non-interest Income_3
Note 10 - Non-interest Income and Non-interest Expense - Non-interest Income and Non-interest Expense (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Service charges on deposits | $ 6,137 | $ 5,659 | $ 6,952 |
Brokerage income | 6,368 | 4,837 | 4,411 |
Debit and credit card interchange income | 12,029 | 9,187 | 8,301 |
Other fees and commissions | 1,446 | 1,404 | 1,608 |
BOLI and annuity earnings | 1,109 | 959 | 723 |
Security gain (loss), net | 28 | 882 | (268) |
Fees and gains on sales of mortgage loans | 9,997 | 9,560 | 6,802 |
Gain (loss) on sale of other real estate, net | (15) | 658 | (48) |
Loss on sale of fixed assets, net | (43) | (63) | (128) |
Gain (loss) on sale of other assets, net | 6 | (4) | (4) |
Other income | 34 | 61 | 0 |
Noninterest Income, Total | 37,096 | 33,140 | 28,349 |
Employee salaries and benefits | 52,722 | 45,661 | 42,541 |
Equity-based compensation | 1,428 | 1,180 | 786 |
Occupancy expenses | 5,473 | 5,216 | 4,789 |
Furniture and equipment expenses | 3,323 | 3,267 | 3,110 |
Data processing expenses | 6,079 | 5,101 | 4,495 |
Advertising expenses | 2,736 | 2,487 | 2,498 |
ATM & interchange fees | 4,783 | 3,880 | 3,439 |
Accounting, legal & consulting expenses | 988 | 909 | 1,382 |
FDIC insurance | 1,130 | 598 | 373 |
Directors’ fees | 686 | 634 | 586 |
Other operating expenses | 11,640 | 11,986 | 10,629 |
Noninterest Expense, Total | $ 90,988 | $ 80,919 | $ 74,628 |
Note 11 - Income Taxes (Details
Note 11 - Income Taxes (Details Textual) - USD ($) | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Income Tax Expense (Benefit), Total | $ 14,732,000 | $ 9,618,000 | $ 11,067,000 |
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 21.00% | 21.00% | 21.00% |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax, Total | $ (7,000) | $ (231,000) | $ 70,000 |
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued, Total | 0 | 0 | $ 0 |
Deferred Tax Assets, Valuation Allowance, Total | $ 0 | $ 0 | |
Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | |||
Open Tax Year | 2018 2019 2020 2021 |
Note 11 - Income Taxes - Compon
Note 11 - Income Taxes - Components of Net Deferred Tax Asset (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Deferred tax asset | $ 15,217 | $ 12,413 |
Deferred tax liability | (2,425) | (5,324) |
Net deferred tax asset | 12,792 | 7,089 |
Financial statement allowance for loan losses in excess of tax allowance | 10,129 | 9,840 |
Excess of depreciation deducted for tax purposes over the amounts deducted in the financial statements | (2,098) | (2,461) |
Financial statement deduction for deferred compensation in excess of deduction for tax purposes | 1,347 | 1,253 |
Writedown of other real estate not deductible for income tax purposes until sold | 0 | 0 |
Financial statement income on FHLB stock dividends not recognized for tax purposes | (327) | (327) |
Unrealized loss (gain) on securities available-for-sale | 2,235 | (2,535) |
Equity based compensation | 1,028 | 854 |
Other items, net | 478 | 465 |
Domestic Tax Authority [Member] | ||
Deferred tax asset | 11,604 | 9,500 |
Deferred tax liability | (1,822) | (4,000) |
State and Local Jurisdiction [Member] | ||
Deferred tax asset | 3,613 | 2,913 |
Deferred tax liability | $ (603) | $ (1,324) |
Note 11 - Income Taxes - Comp_2
Note 11 - Income Taxes - Components of Income Tax Expense (Benefit) (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Current Federal | $ 13,580,000 | $ 11,383,000 | $ 10,134,000 |
Current State | 2,084,000 | 1,539,000 | 1,411,000 |
Current | 15,664,000 | 12,922,000 | 11,545,000 |
Deferred Federal | (698,000) | (2,503,000) | (335,000) |
Deferred State | (234,000) | (801,000) | (143,000) |
Deferred income taxes provision | (932,000) | (3,304,000) | (478,000) |
Total Federal | 12,882,000 | 8,880,000 | 9,799,000 |
Total State | 1,850,000 | 738,000 | 1,268,000 |
Income Tax Expense (Benefit), Total | 14,732,000 | 9,618,000 | 11,067,000 |
Current | 15,664,000 | 12,922,000 | 11,545,000 |
Deferred | $ (932,000) | $ (3,304,000) | $ (478,000) |
Note 11 - Income Taxes - Reconc
Note 11 - Income Taxes - Reconciliation of Actual Income Tax Expense to the Expected Tax Expense (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Computed “expected” tax expense | $ 13,473,000 | $ 10,103,000 | $ 9,893,000 |
State income taxes, net of Federal income tax benefit | 1,584,000 | 552,000 | 1,056,000 |
Tax exempt interest, net of interest expense exclusion | (237,000) | (245,000) | (186,000) |
Earnings on cash surrender value of life insurance | (205,000) | (173,000) | (170,000) |
Expenses not deductible for tax purposes | 12,000 | 14,000 | 37,000 |
Equity based compensation | (28,000) | (6,000) | 15,000 |
Other | 133,000 | (627,000) | 422,000 |
Income Tax Expense (Benefit), Total | $ 14,732,000 | $ 9,618,000 | $ 11,067,000 |
Note 12 - Commitments and Con_2
Note 12 - Commitments and Contingent Liabilities (Details Textual) - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Line of Credit Facility, Maximum Borrowing Capacity | $ 74,817,000 | $ 70,488,000 |
Long-term Line of Credit, Total | 0 | 0 |
Cash Management Advance Line of Credit [Member] | Line of Credit [Member] | ||
Line of Credit Facility, Maximum Borrowing Capacity | 25,000,000 | |
Long-term Line of Credit, Total | $ 0 | $ 0 |
Line of Credit Facility, Period for Variable Rate (Day) | 90 days | |
Line of Credit Facility, Period of Fixed Rate (Day) | 30 days |
Note 13 - Financial Instrumen_3
Note 13 - Financial Instruments with Off-balance-sheet Risk (Details Textual) | 12 Months Ended |
Dec. 31, 2021USD ($) | |
Guarantor Obligations, Maximum Exposure, Undiscounted | $ 90,929,000 |
Minimum [Member] | Standby Letters of Credit [Member] | |
Guarantee Obligations, Term 1 (Year) | 1 year |
Maximum [Member] | Standby Letters of Credit [Member] | |
Guarantee Obligations, Term 1 (Year) | 2 years |
Note 13 - Financial Instrumen_4
Note 13 - Financial Instruments with Off-balance-sheet Risk - Financial Instruments Whose Contract Amounts Represents Credit Risk (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Contract or notional amount | $ 1,238,583 | $ 933,148 |
Unused Commitments to Extend Credit [Member] | ||
Contract or notional amount | 1,147,654 | 851,196 |
Standby Letters of Credit 1 [Member] | ||
Contract or notional amount | $ 90,929 | $ 81,952 |
Note 14 - Concentration of Cr_2
Note 14 - Concentration of Credit Risk (Details Textual) | Dec. 31, 2021USD ($) | Dec. 31, 2020USD ($) |
Interest-bearing Deposits in Banks and Other Financial Institutions | $ 164,587,000 | |
Interest Bearing Deposits, Number of Banks | 5 | |
Deposits with Other Federal Home Loan Banks | $ 414,000 | |
Federal Funds Sold | $ 27,055,000 | $ 675,000 |
Federal Funds Sold, Number of Banks | 1 | |
Collateral Related to Fixed Rate Loan Hedging Program [Member] | ||
Interest-bearing Deposits in Banks and Other Financial Institutions | $ 1,200,000 | |
Interest Bearing Deposits, Number of Banks | 1 |
Note 15 - Employee Benefit Pl_2
Note 15 - Employee Benefit Plan (Details Textual) - USD ($) | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Defined Contribution Plan, Minimum Age for Eligibility (Year) | 18 years | ||
Defined Contribution Plan, Employer Discretionary Contribution Amount | $ 3,120,000 | $ 2,926,000 | $ 2,540,000 |
Note 16 - Dividend Reinvestme_2
Note 16 - Dividend Reinvestment Plan (Details Textual) - shares | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Stock Issued During Period, Shares, Dividend Reinvestment Plan (in shares) | 186,583 | 180,424 | 179,199 |
Note 17 - Regulatory Matters _3
Note 17 - Regulatory Matters and Restrictions on Dividends - Summary of Company's and Wilson Banks Actual Capital Amounts and Ratios (Details) $ in Thousands | Dec. 31, 2021USD ($) | Dec. 31, 2020USD ($) |
Total capital to risk weighted assets actual amount | $ 455,813 | $ 403,419 |
Total capital to risk weighted assets actual ratio | 0.139 | 0.143 |
Total capital to risk weighted assets regulatory minimum capital requirement amount | $ 261,404 | $ 225,405 |
Total capital to risk weighted assets regulatory minimum capital requirement ratio ( | 0.080 | 0.080 |
Well capitalized amount | $ 326,755 | $ 281,757 |
Total capital to risk weighted assets regulatory minimum capital requirement well capitalized ratio | 0.100 | 0.100 |
Tier 1 capital to risk weighted assets actual amount | $ 415,226 | $ 368,150 |
Tier 1 capital to risk weighted assets actual ratio | 0.127 | 0.131 |
Tier 1 capital to risk weighted assets regulatory minimum capital requirement amount | $ 196,052 | $ 169,055 |
Tier 1 capital to risk weighted assets regulatory minimum capital requirement ratio | 0.060 | 0.060 |
Tier 1 capital to risk well capitalized amount | $ 261,403 | $ 225,406 |
Tier 1 capital to risk weighted assets regulatory well capitalized ratio | 0.080 | 0.080 |
Common equity Tier 1 capital to risk weighted assets actual amount | $ 415,226 | $ 368,150 |
Common equity Tier 1 capital to risk weighted assets actual ratio | 12.70% | 13.10% |
Common equity Tier 1 capital to risk weighted assets regulatory minimum capital requirement amount | $ 147,039 | $ 126,791 |
Common equity Tier 1 capital to risk weighted assets regulatory minimum capital requirement ratio | 4.50% | 4.50% |
Tier 1 capital to average assets actual amount | $ 415,226 | $ 368,150 |
Tier 1 capital to average assets actual ratio | 0.108 | 0.112 |
Tier 1 capital to average assets regulatory minimum capital requirement amount | $ 154,280 | $ 131,996 |
Tier 1 capital to average assets regulatory minimum capital requirement ratio (as a percent) | 0.040 | 0.040 |
Wilson Bank [Member] | ||
Total capital to risk weighted assets actual amount | $ 452,130 | $ 400,235 |
Total capital to risk weighted assets actual ratio | 0.138 | 0.142 |
Total capital to risk weighted assets regulatory minimum capital requirement amount | $ 261,317 | $ 225,337 |
Total capital to risk weighted assets regulatory minimum capital requirement ratio ( | 0.080 | 0.080 |
Well capitalized amount | $ 326,646 | $ 281,671 |
Total capital to risk weighted assets regulatory minimum capital requirement well capitalized ratio | 0.100 | 0.100 |
Tier 1 capital to risk weighted assets actual amount | $ 411,543 | $ 364,976 |
Tier 1 capital to risk weighted assets actual ratio | 0.126 | 0.130 |
Tier 1 capital to risk weighted assets regulatory minimum capital requirement amount | $ 195,987 | $ 169,003 |
Tier 1 capital to risk weighted assets regulatory minimum capital requirement ratio | 0.060 | 0.060 |
Tier 1 capital to risk well capitalized amount | $ 261,316 | $ 225,337 |
Tier 1 capital to risk weighted assets regulatory well capitalized ratio | 0.080 | 0.080 |
Common equity Tier 1 capital to risk weighted assets actual amount | $ 411,543 | $ 364,976 |
Common equity Tier 1 capital to risk weighted assets actual ratio | 12.60% | 13.00% |
Common equity Tier 1 capital to risk weighted assets regulatory minimum capital requirement amount | $ 146,990 | $ 126,752 |
Common equity Tier 1 capital to risk weighted assets regulatory minimum capital requirement ratio | 4.50% | 4.50% |
Common equity Tier 1 capital to risk weighted assets regulatory well capitalized | $ 212,319 | $ 183,087 |
Common equity Tier 1 capital to risk weighted assets well capitalized ratio | 6.5 | 6.5 |
Tier 1 capital to average assets actual amount | $ 411,543 | $ 364,976 |
Tier 1 capital to average assets actual ratio | 0.107 | 0.111 |
Tier 1 capital to average assets regulatory minimum capital requirement amount | $ 154,230 | $ 131,959 |
Tier 1 capital to average assets regulatory minimum capital requirement ratio (as a percent) | 0.040 | 0.040 |
Tier 1 capital to average assets well capitalized | $ 192,787 | $ 164,949 |
Tier 1 capital to average assets well capitalized ratio (as a percent) | 0.050 | 0.050 |
Note 18 - Salary Deferral Pla_2
Note 18 - Salary Deferral Plans (Details Textual) - USD ($) | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Deferred Compensation Liability, Current and Noncurrent, Total | $ 1,660,000 | $ 1,742,000 | |
Deferred Compensation Arrangement with Individual, Compensation Expense | 705,000 | 575,000 | $ 438,000 |
Cash Surrender Value of Life Insurance | 5,669,000 | 5,547,000 | |
Life Settlement Contracts, Investment Method, Face Value, Total | 15,497,000 | 15,499,000 | |
Supplemental Employee Retirement Plan Agreement [Member] | |||
Deferred Compensation Liability, Current and Noncurrent, Total | 3,496,000 | 3,052,000 | |
Cash Surrender Value of Life Insurance | 40,536,000 | 29,650,000 | |
Life Settlement Contracts, Investment Method, Face Value, Total | 98,879,000 | 68,827,000 | |
Flexible Indexed Annuity Contracts Value | $ 23,861,000 | $ 18,682,000 |
Note 19 - Equity Incentive Pl_3
Note 19 - Equity Incentive Plan (Details Textual) - USD ($) | 12 Months Ended | |||||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Apr. 13, 2019 | Jun. 30, 2016 | Apr. 30, 2009 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance (in shares) | 203,632 | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance (in dollars per share) | $ 50.94 | |||||
Deferred Compensation Liability, Current and Noncurrent, Total | $ 1,660,000 | $ 1,742,000 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share) | $ 22.10 | $ 14.92 | $ 13.43 | |||
Share-based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount | $ 3,358,000 | |||||
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 4 years 2 months 19 days | |||||
Stock Appreciation Rights (SARs) [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number, Ending Balance (in shares) | 153,622 | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Instruments Other Than Options, Exercisable, Weighted Average Exercise Price (in dollars per share) | $ 49.17 | |||||
Stock Appreciation Rights (SARs) [Member] | Other Liabilities [Member] | ||||||
Deferred Compensation Liability, Current and Noncurrent, Total | $ 2,708,000 | $ 2,303,000 | ||||
Options and Stock Appreciation Rights [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Intrinsic Value of Awards Exercised During Period | $ 962,000 | $ 463,000 | $ 369,000 | |||
Restricted Stock [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number, Ending Balance (in shares) | 1,250 | 0 | ||||
Share-based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount | $ 64,000 | |||||
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 1 year 9 months 25 days | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 3 years | |||||
The 2009 Stock Option Plan [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares) | 100,000 | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares) | 0 | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance (in shares) | 8,475 | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance (in dollars per share) | $ 35 | |||||
The 2016 Equity Incentive Plan [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares) | 750,000 | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares) | 362,096 | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance (in shares) | 195,157 | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance (in dollars per share) | $ 51.63 | |||||
The 2016 Equity Incentive Plan [Member] | Stock Appreciation Rights (SARs) [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number, Ending Balance (in shares) | 153,622 | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Instruments Other Than Options, Exercisable, Weighted Average Exercise Price (in dollars per share) | $ 49.17 |
Note 19 - Equity Incentive Pl_4
Note 19 - Equity Incentive Plan - Schedule of Weighted-average Black-Scholes Fair Value Assumptions (Details) | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Expected dividends | 1.53% | 1.56% | 1.60% |
Expected term (in years) (Year) | 9 years 1 month 17 days | 7 years 4 months 17 days | 7 years 1 month 20 days |
Expected stock price volatility | 36.00% | 31.00% | 25.00% |
Risk-free rate | 1.45% | 0.52% | 1.90% |
Note 19 - Equity Incentive Pl_5
Note 19 - Equity Incentive Plans - Summary of Stock Option Activity (Details) - $ / shares | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Exercised (in shares) | (21,517) | (19,981) | (21,764) |
Outstanding at end of year (in shares) | 203,632 | ||
Outstanding at end of year, Weighted Average Exercise Price (in dollars per share) | $ 50.94 | ||
Stock Options and Stock Appreciation Rights [Member] | |||
Outstanding at beginning of year (in shares) | 284,591 | 273,039 | 277,820 |
Outstanding at beginning of year, Weighted Average Exercise Price (in dollars per share) | $ 43.71 | $ 41.19 | $ 40.11 |
Granted (in shares) | 121,830 | 43,833 | 17,833 |
Granted, Weighted Average Exercise Price (in dollars per share) | $ 61.48 | $ 55.72 | $ 51.16 |
Exercised (in shares) | (48,867) | (24,881) | (22,614) |
Exercised, Weighted Average Exercise Price (in dollars per share) | $ 40.76 | $ 37.84 | $ 35.78 |
Forfeited or expired (in shares) | (300) | (7,400) | 0 |
Forfeited or expired, Weighted Average Exercise Price (in dollars per share) | $ 37.60 | $ 41.70 | $ 0 |
Outstanding at end of year (in shares) | 357,254 | 284,591 | 273,039 |
Outstanding at end of year, Weighted Average Exercise Price (in dollars per share) | $ 50.18 | $ 43.71 | $ 41.19 |
Options and cash-settled SARs exercisable at year end (in shares) | 159,560 | 151,695 | 122,932 |
Options and cash-settled SARs exercisable at year end, Weighted Average Exercise Price (in dollars per share) | $ 41.93 | $ 40.89 | $ 40.19 |
Note 19 - Equity Incentive Pl_6
Note 19 - Equity Incentive Plan - Summary of Information About Stock Options (Details) - Stock Options and Stock Appreciation Rights [Member] $ / shares in Units, $ in Thousands | 12 Months Ended |
Dec. 31, 2021USD ($)$ / sharesshares | |
Options Outstanding, Number of outstanding (in shares) | shares | 357,254 |
Options Exercisable, Number exercisable (in shares) | shares | 159,560 |
Aggregate intrinsic value | $ | $ 4,670 |
Aggregate intrinsic value | $ | $ 3,406 |
Price Range 1 [Member] | |
Lower limit (in dollars per share) | $ 31.31 |
Options Outstanding, Number of outstanding (in shares) | shares | 178,380 |
Upper limit (in dollars per share) | $ 47.25 |
Options Outstanding, Weighted average exercise price (in dollars per share) | $ 41.09 |
Options Outstanding, Weighted average remaining contractual term (Year) | 4 years 10 months 9 days |
Options Exercisable, Number exercisable (in shares) | shares | 147,782 |
Options Exercisable, Weighted average exercise price (in dollars per share) | $ 40.98 |
Options Exercisable, Weighted average remaining contractual term (Year) | 4 years 9 months 21 days |
Price Range 2 [Member] | |
Lower limit (in dollars per share) | $ 51 |
Options Outstanding, Number of outstanding (in shares) | shares | 178,874 |
Upper limit (in dollars per share) | $ 63.25 |
Options Outstanding, Weighted average exercise price (in dollars per share) | $ 59.24 |
Options Outstanding, Weighted average remaining contractual term (Year) | 9 years 1 month 24 days |
Options Exercisable, Number exercisable (in shares) | shares | 11,778 |
Options Exercisable, Weighted average exercise price (in dollars per share) | $ 53.55 |
Options Exercisable, Weighted average remaining contractual term (Year) | 7 years 10 months 17 days |
Note 19 - Equity Incentive Pl_7
Note 19 - Equity Incentive Plan - Summary of Restricted Stock Shares Activity (Details) - Restricted Stock [Member] | 12 Months Ended |
Dec. 31, 2021$ / sharesshares | |
Outstanding, shares (in shares) | shares | 0 |
Outstanding, weighted average grant date fair value (in dollars per share) | $ / shares | $ 0 |
Granted , shares (in shares) | shares | 1,250 |
Granted, weighted average grant date fair value (in dollars per share) | $ / shares | $ 62.10 |
Vested, shares (in shares) | shares | 0 |
Vested, weighted average grant date fair value (in dollars per share) | $ / shares | $ 0 |
Forfeited, shares (in shares) | shares | 0 |
Forfeited, weighted average grant date fair value (in dollars per share) | $ / shares | $ 0 |
Outstanding, shares (in shares) | shares | 1,250 |
Outstanding, weighted average grant date fair value (in dollars per share) | $ / shares | $ 62.10 |
Note 20 - Earnings Per Share -
Note 20 - Earnings Per Share - Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||||||
Dec. 31, 2021 | Sep. 30, 2021 | Jun. 30, 2021 | Mar. 31, 2021 | Dec. 31, 2020 | Sep. 30, 2020 | Jun. 30, 2020 | Mar. 31, 2020 | Dec. 31, 2019 | Sep. 30, 2019 | Jun. 30, 2019 | Mar. 31, 2019 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Consolidated net income | $ 13,801 | $ 13,342 | $ 11,139 | $ 11,144 | $ 8,902 | $ 11,532 | $ 9,027 | $ 9,031 | $ 7,972 | $ 10,266 | $ 9,516 | $ 8,290 | $ 49,426 | $ 38,492 | $ 36,044 |
Denominator – Weighted average number of common shares outstanding (in shares) | 11,131,897 | 10,927,065 | 10,743,269 | ||||||||||||
Basic earnings per common share (in dollars per share) | $ 1.23 | $ 1.19 | $ 1 | $ 1.01 | $ 0.81 | $ 1.05 | $ 0.83 | $ 0.83 | $ 0.74 | $ 0.95 | $ 0.89 | $ 0.77 | $ 4.44 | $ 3.52 | $ 3.36 |
Numerator – Earnings available to common stockholders | $ 49,426 | $ 38,492 | $ 36,044 | ||||||||||||
Dilutive effect of stock options and restricted stock shares (in shares) | 31,059 | 26,681 | 18,198 | ||||||||||||
Weighted Average Number of Shares Outstanding, Diluted, Total | 11,162,956 | 10,953,746 | 10,761,467 | ||||||||||||
Diluted earnings per common share (in dollars per share) | $ 1.23 | $ 1.19 | $ 1 | $ 1 | $ 0.81 | $ 1.05 | $ 0.83 | $ 0.83 | $ 0.74 | $ 0.95 | $ 0.89 | $ 0.77 | $ 4.43 | $ 3.51 | $ 3.35 |
Note 21 - Derivatives (Details
Note 21 - Derivatives (Details Textual) - USD ($) | Dec. 31, 2021 | Dec. 31, 2020 | Jun. 30, 2020 |
Interest Rate Lock Commitments [Member] | |||
Derivative, Notional Amount | $ 20,340,000 | $ 20,981,000 | |
Derivative Asset, Fair Value, Gross Asset, Total | 657,000 | 714,000 | |
Forward Contracts [Member] | |||
Derivative, Notional Amount | 20,500,000 | 21,250,000 | |
Derivative Liability, Fair Value, Gross Liability, Total | $ 6,000 | $ 157,000 | |
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | Fair Value Hedging [Member] | |||
Derivative, Notional Amount | $ 30,000,000 |
Note 21 - Derivatives - Summary
Note 21 - Derivatives - Summary of Fair Value Hedge Relationships (Details) - Interest Rate Swap [Member] - Fair Value Hedging [Member] - Designated as Hedging Instrument [Member] - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Weighted Average Remaining Maturity (Year) | 8 years 5 months 1 day | 9 years 5 months 1 day |
Notional Amount | $ 30,000 | $ 30,000 |
Estimated Fair Value | (51) | |
Notional Amount | 30,000 | 30,000 |
Estimated Fair Value | $ (51) | |
Other Assets [Member] | ||
Estimated Fair Value | 1,192 | |
Estimated Fair Value | $ 1,192 | |
London Interbank Offered Rate (LIBOR) Swap Rate [Member] | ||
Weighted Average Pay Rate | 0.65% | 0.65% |
Note 21 - Derivatives - Income
Note 21 - Derivatives - Income Statement Effects of Fair Value Hedge Relationships (Details) - Interest Rate Swap [Member] - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Hedged items | $ (1,125) | $ (158) |
Designated as Hedging Instrument [Member] | Fair Value Hedging [Member] | ||
Derivative designated as hedging instruments | $ 1,243 | $ (51) |
Note 21 - Derivatives - Amounts
Note 21 - Derivatives - Amounts Recorded on the Balance Sheet Related to Cumulative Basis Adjustments for Fair Value Hedges (Details) - Fair Value Hedging [Member] - Designated as Hedging Instrument [Member] - Interest Rate Swap [Member] - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Carrying Amount of the Hedged Assets | $ 28,875 | $ 29,842 |
Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Assets | $ (1,283) | $ (158) |
Note 21 - Derivatives - Net Gai
Note 21 - Derivatives - Net Gains (Losses) Relating to Free-standing Derivative Instruments (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Interest Rate Contract [Member] | ||
Net gains (losses) | $ (57) | $ 386 |
Forward Contracts [Member] | ||
Net gains (losses) | $ 163 | $ (134) |
Note 21 - Derivatives - Amount
Note 21 - Derivatives - Amount and Fair Value of Mortgage Banking Derivatives (Details) - USD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
Interest Rate Contract [Member] | ||
Derivative, amount | $ 20,340,000 | $ 20,981,000 |
Derivatives | 657,000 | 714,000 |
Forward Contracts [Member] | ||
Derivative, amount | 20,500,000 | 21,250,000 |
Derivative, fair value | 6,000 | 157,000 |
Derivative, fair value | $ (6,000) | $ (157,000) |
Note 22 - Disclosures About F_3
Note 22 - Disclosures About Fair Value of Financial Instruments (Details Textual) - USD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
Impaired Financing Receivable, Related Allowance | $ 0 | $ 742,000 |
Note 22 - Disclosures About F_4
Note 22 - Disclosures About Fair Value of Financial Instruments - Fair Value of Financial Instruments Measured on a Recurring Basis (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Available-for-sale securities, at market (amortized cost $906,135 and $570,842, respectively) | $ 897,585 | $ 580,543 |
US Government-sponsored Enterprises Debt Securities [Member] | ||
Available-for-sale securities, at market (amortized cost $906,135 and $570,842, respectively) | 159,230 | 125,905 |
Collateralized Mortgage Backed Securities [Member] | ||
Available-for-sale securities, at market (amortized cost $906,135 and $570,842, respectively) | 461,777 | 263,790 |
US Treasury and Other US Government Agencies Debt Securities [Member] | ||
Available-for-sale securities, at market (amortized cost $906,135 and $570,842, respectively) | 7,221 | |
Asset-backed Securities [Member] | ||
Available-for-sale securities, at market (amortized cost $906,135 and $570,842, respectively) | 46,713 | 36,957 |
Corporate Debt Securities [Member] | ||
Available-for-sale securities, at market (amortized cost $906,135 and $570,842, respectively) | 2,575 | 2,600 |
US States and Political Subdivisions Debt Securities [Member] | ||
Available-for-sale securities, at market (amortized cost $906,135 and $570,842, respectively) | 220,069 | 151,291 |
Fair Value, Recurring [Member] | Reported Value Measurement [Member] | ||
Hedged Loans | 28,875 | 29,842 |
Available-for-sale securities, at market (amortized cost $906,135 and $570,842, respectively) | 897,585 | 580,543 |
Mortgage loans held for sale | 11,843 | 19,474 |
Derivatives | 1,855 | 714 |
Other investments | 2,034 | |
Total assets | 942,192 | 630,573 |
Derivative Liability, Fair Value, Gross Liability, Total | 0 | 208 |
Total liabilities | 0 | 208 |
Fair Value, Recurring [Member] | Reported Value Measurement [Member] | US Government-sponsored Enterprises Debt Securities [Member] | ||
Available-for-sale securities, at market (amortized cost $906,135 and $570,842, respectively) | 159,230 | 125,905 |
Fair Value, Recurring [Member] | Reported Value Measurement [Member] | Collateralized Mortgage Backed Securities [Member] | ||
Available-for-sale securities, at market (amortized cost $906,135 and $570,842, respectively) | 461,777 | 263,790 |
Fair Value, Recurring [Member] | Reported Value Measurement [Member] | US Treasury and Other US Government Agencies Debt Securities [Member] | ||
Available-for-sale securities, at market (amortized cost $906,135 and $570,842, respectively) | 7,221 | |
Fair Value, Recurring [Member] | Reported Value Measurement [Member] | Asset-backed Securities [Member] | ||
Available-for-sale securities, at market (amortized cost $906,135 and $570,842, respectively) | 46,713 | 36,957 |
Fair Value, Recurring [Member] | Reported Value Measurement [Member] | Corporate Debt Securities [Member] | ||
Available-for-sale securities, at market (amortized cost $906,135 and $570,842, respectively) | 2,575 | 2,600 |
Fair Value, Recurring [Member] | Reported Value Measurement [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Available-for-sale securities, at market (amortized cost $906,135 and $570,842, respectively) | 220,069 | 151,291 |
Fair Value, Recurring [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Hedged Loans | 0 | 0 |
Available-for-sale securities, at market (amortized cost $906,135 and $570,842, respectively) | 7,221 | 0 |
Mortgage loans held for sale | 0 | 0 |
Derivatives | 0 | 0 |
Other investments | 0 | |
Total assets | 7,221 | 0 |
Derivative Liability, Fair Value, Gross Liability, Total | 0 | 0 |
Total liabilities | 0 | 0 |
Fair Value, Recurring [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | US Government-sponsored Enterprises Debt Securities [Member] | ||
Available-for-sale securities, at market (amortized cost $906,135 and $570,842, respectively) | 0 | 0 |
Fair Value, Recurring [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | Collateralized Mortgage Backed Securities [Member] | ||
Available-for-sale securities, at market (amortized cost $906,135 and $570,842, respectively) | 0 | 0 |
Fair Value, Recurring [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | US Treasury and Other US Government Agencies Debt Securities [Member] | ||
Available-for-sale securities, at market (amortized cost $906,135 and $570,842, respectively) | 7,221 | |
Fair Value, Recurring [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | Asset-backed Securities [Member] | ||
Available-for-sale securities, at market (amortized cost $906,135 and $570,842, respectively) | 0 | 0 |
Fair Value, Recurring [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | Corporate Debt Securities [Member] | ||
Available-for-sale securities, at market (amortized cost $906,135 and $570,842, respectively) | 0 | 0 |
Fair Value, Recurring [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Available-for-sale securities, at market (amortized cost $906,135 and $570,842, respectively) | 0 | 0 |
Fair Value, Recurring [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Hedged Loans | 28,875 | 29,842 |
Available-for-sale securities, at market (amortized cost $906,135 and $570,842, respectively) | 890,364 | 580,543 |
Mortgage loans held for sale | 11,843 | 19,474 |
Derivatives | 1,855 | 714 |
Other investments | 0 | |
Total assets | 932,937 | 630,573 |
Derivative Liability, Fair Value, Gross Liability, Total | 0 | 208 |
Total liabilities | 0 | 208 |
Fair Value, Recurring [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | US Government-sponsored Enterprises Debt Securities [Member] | ||
Available-for-sale securities, at market (amortized cost $906,135 and $570,842, respectively) | 159,230 | 125,905 |
Fair Value, Recurring [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Collateralized Mortgage Backed Securities [Member] | ||
Available-for-sale securities, at market (amortized cost $906,135 and $570,842, respectively) | 461,777 | 263,790 |
Fair Value, Recurring [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | US Treasury and Other US Government Agencies Debt Securities [Member] | ||
Available-for-sale securities, at market (amortized cost $906,135 and $570,842, respectively) | 0 | |
Fair Value, Recurring [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Asset-backed Securities [Member] | ||
Available-for-sale securities, at market (amortized cost $906,135 and $570,842, respectively) | 46,713 | 36,957 |
Fair Value, Recurring [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Corporate Debt Securities [Member] | ||
Available-for-sale securities, at market (amortized cost $906,135 and $570,842, respectively) | 2,575 | 2,600 |
Fair Value, Recurring [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Available-for-sale securities, at market (amortized cost $906,135 and $570,842, respectively) | 220,069 | 151,291 |
Fair Value, Recurring [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Hedged Loans | 0 | 0 |
Available-for-sale securities, at market (amortized cost $906,135 and $570,842, respectively) | 0 | 0 |
Mortgage loans held for sale | 0 | 0 |
Derivatives | 0 | 0 |
Other investments | 2,034 | |
Total assets | 2,034 | 0 |
Derivative Liability, Fair Value, Gross Liability, Total | 0 | 0 |
Total liabilities | 0 | 0 |
Fair Value, Recurring [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | US Government-sponsored Enterprises Debt Securities [Member] | ||
Available-for-sale securities, at market (amortized cost $906,135 and $570,842, respectively) | 0 | 0 |
Fair Value, Recurring [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Collateralized Mortgage Backed Securities [Member] | ||
Available-for-sale securities, at market (amortized cost $906,135 and $570,842, respectively) | 0 | 0 |
Fair Value, Recurring [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | US Treasury and Other US Government Agencies Debt Securities [Member] | ||
Available-for-sale securities, at market (amortized cost $906,135 and $570,842, respectively) | 0 | |
Fair Value, Recurring [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Asset-backed Securities [Member] | ||
Available-for-sale securities, at market (amortized cost $906,135 and $570,842, respectively) | 0 | 0 |
Fair Value, Recurring [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Corporate Debt Securities [Member] | ||
Available-for-sale securities, at market (amortized cost $906,135 and $570,842, respectively) | 0 | 0 |
Fair Value, Recurring [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Available-for-sale securities, at market (amortized cost $906,135 and $570,842, respectively) | $ 0 | $ 0 |
Note 22 - Disclosures About F_5
Note 22 - Disclosures About Fair Value of Financial Instruments - Fair Value of Financial Instruments Measured on a Non-recurring Basis (Details) - Fair Value, Nonrecurring [Member] - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 | |
Reported Value Measurement [Member] | |||
Other real estate owned | $ 0 | $ 0 | |
Impaired loans, net (¹) | [1] | 668 | 2,635 |
Total assets | 668 | 2,635 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Other real estate owned | 0 | 0 | |
Impaired loans, net (¹) | [1] | 0 | 0 |
Total assets | 0 | 0 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Other real estate owned | 0 | 0 | |
Impaired loans, net (¹) | [1] | 0 | 0 |
Total assets | 0 | 0 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Other real estate owned | 0 | 0 | |
Impaired loans, net (¹) | [1] | 668 | 2,635 |
Total assets | $ 668 | $ 2,635 | |
[1] | Amount is net of a valuation allowance of $742,000 at December 31, 2020 and $1,136,000 at December 31, 2019 as required by ASC 310, "Receivables." |
Note 22 - Disclosures About F_6
Note 22 - Disclosures About Fair Value of Financial Instruments - Additional Information on Assets Measured on a Nonrecurring Basis (Details) - Fair Value, Nonrecurring [Member] - Fair Value, Inputs, Level 3 [Member] - Measurement Input, Discount Rate [Member] - Weighted Average [Member] | Dec. 31, 2021 | [1] |
Impaired loans | 0.10 | |
Other real estate owned | 0.10 | |
[1] | The fair value is generally determined through independent appraisals of the underlying collateral, which may include Level 3 inputs that are not identifiable, or by using the discounted cash flow method if the loan is not collateral dependent. |
Note 22 - Disclosures About F_7
Note 22 - Disclosures About Fair Value of Financial Instruments - Changes in Fair Value Due to Observable Factors (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Fair value, other assets | $ 0 | $ 0 |
Total realized gains included in income | 34 | 0 |
Change in unrealized gains/losses included in other comprehensive income for assets and liabilities still held, other assets | 0 | 0 |
Purchases, issuances and settlements, net, other assets | 2,000 | 0 |
Transfers out of Level 3, other assets | 0 | 0 |
Fair value, other assets | $ 2,034 | $ 0 |
Note 22 - Disclosures About F_8
Note 22 - Disclosures About Fair Value of Financial Instruments - Carrying Value and Estimated Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 | |
Restricted equity securities | $ 5,089 | $ 5,089 | |
Reported Value Measurement [Member] | |||
Cash and cash equivalents | 453,418 | 338,856 | |
Loans, net | 2,444,282 | 2,282,766 | |
Restricted equity securities | 5,089 | 5,089 | |
Deposits | 3,555,071 | 2,960,595 | |
Federal Home Loan Bank borrowings | 3,638 | ||
Estimate of Fair Value Measurement [Member] | |||
Cash and cash equivalents | [1] | 453,418 | 338,856 |
Loans, net | [1] | 2,439,539 | 2,302,530 |
Deposits | [1] | 3,227,520 | 2,796,339 |
Federal Home Loan Bank borrowings | [1] | 3,755 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Cash and cash equivalents | 453,418 | 338,856 | |
Loans, net | 0 | 0 | |
Deposits | 0 | 0 | |
Federal Home Loan Bank borrowings | 0 | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Cash and cash equivalents | 0 | 0 | |
Loans, net | 0 | 0 | |
Deposits | 0 | 0 | |
Federal Home Loan Bank borrowings | 0 | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Cash and cash equivalents | 0 | 0 | |
Loans, net | 2,439,539 | 2,302,530 | |
Deposits | $ 3,227,520 | 2,796,339 | |
Federal Home Loan Bank borrowings | $ 3,755 | ||
[1] | Estimated fair values are consistent with an exit-price concept. The assumptions used to estimate the fair values are intended to approximate those that a market-participant would realize in a hypothetical orderly transaction. |
Note 23 - Wilson Bank Holding_3
Note 23 - Wilson Bank Holding Company - Parent Company Financial Information - Balance Sheets (Details) - USD ($) | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | ||
Deferred income taxes | $ 12,792,000 | $ 7,089,000 | ||||
Total assets | 3,989,596,000 | 3,369,604,000 | ||||
Other liabilities | 1,660,000 | 1,742,000 | ||||
Total liabilities | 3,575,879,000 | 2,989,483,000 | ||||
Common stock, par value $2.00 per share, authorized 50,000,000 shares, 11,201,504 and 10,993,404 shares issued and outstanding, respectively | 22,403,000 | 21,987,000 | ||||
Additional paid-in capital | 105,177,000 | 93,034,000 | ||||
Retained earnings | 292,452,000 | 257,935,000 | ||||
Net unrealized gains (losses) on available-for-sale securities, net of taxes of $2,235 and $2,536, respectively | (6,315,000) | 7,165,000 | ||||
Total stockholders’ equity | 413,717,000 | 380,121,000 | $ 336,984,000 | $ 295,667,000 | ||
Total liabilities and stockholders’ equity | 3,989,596,000 | 3,369,604,000 | ||||
Parent Company [Member] | ||||||
Cash | 5,113,000 | [1] | 4,381,000 | [1] | $ 1,899,000 | $ 2,759,000 |
Investment in wholly-owned commercial bank subsidiary | 410,034,000 | 376,947,000 | ||||
Deferred income taxes | 1,028,000 | 854,000 | ||||
Refundable income taxes | 362,000 | 242,000 | ||||
Total assets | 416,537,000 | 382,424,000 | ||||
Other liabilities | 2,820,000 | 2,303,000 | ||||
Total liabilities | 2,820,000 | 2,303,000 | ||||
Common stock, par value $2.00 per share, authorized 50,000,000 shares, 11,201,504 and 10,993,404 shares issued and outstanding, respectively | 22,403,000 | 21,987,000 | ||||
Additional paid-in capital | 105,177,000 | 93,034,000 | ||||
Retained earnings | 292,452,000 | 257,935,000 | ||||
Net unrealized gains (losses) on available-for-sale securities, net of taxes of $2,235 and $2,536, respectively | (6,315,000) | 7,165,000 | ||||
Total stockholders’ equity | 413,717,000 | 380,121,000 | ||||
Total liabilities and stockholders’ equity | $ 416,537,000 | $ 382,424,000 | ||||
[1] | Eliminated in consolidation. |
Note 23 - Wilson Bank Holding_4
Note 23 - Wilson Bank Holding Company - Parent Company Financial Information - Balance Sheets (Details) (Parentheticals) - USD ($) $ / shares in Units, $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Common stock, par value (in dollars per share) | $ 2 | $ 2 |
Common stock, shares authorized (in shares) | 50,000,000 | 50,000,000 |
Common stock, shares issued (in shares) | 11,201,504 | 10,993,404 |
Common stock, shares outstanding (in shares) | 11,201,504 | 10,993,404 |
Net unrealized gains on available-for-sale securities, income taxes | $ 2,235 | $ 2,536 |
Parent Company [Member] | ||
Common stock, par value (in dollars per share) | $ 2 | $ 2 |
Common stock, shares authorized (in shares) | 50,000,000 | 50,000,000 |
Common stock, shares issued (in shares) | 11,201,504 | 10,993,404 |
Common stock, shares outstanding (in shares) | 11,201,504 | 10,993,404 |
Net unrealized gains on available-for-sale securities, income taxes | $ 2,235 | $ 2,536 |
Note 23 - Wilson Bank Holding_5
Note 23 - Wilson Bank Holding Company - Parent Company Financial Information - Statements of Earnings (Details) - USD ($) | 3 Months Ended | 12 Months Ended | ||||||||||||||
Dec. 31, 2021 | Sep. 30, 2021 | Jun. 30, 2021 | Mar. 31, 2021 | Dec. 31, 2020 | Sep. 30, 2020 | Jun. 30, 2020 | Mar. 31, 2020 | Dec. 31, 2019 | Sep. 30, 2019 | Jun. 30, 2019 | Mar. 31, 2019 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | ||
Other income | $ 34,000 | $ 61,000 | $ 0 | |||||||||||||
Directors’ fees | 686,000 | 634,000 | 586,000 | |||||||||||||
Income taxes | 14,732,000 | 9,618,000 | 11,067,000 | |||||||||||||
Net earnings | $ 13,801,000 | $ 13,342,000 | $ 11,139,000 | $ 11,144,000 | $ 8,902,000 | $ 11,532,000 | $ 9,027,000 | $ 9,031,000 | $ 7,972,000 | $ 10,266,000 | $ 9,516,000 | $ 8,290,000 | 49,426,000 | 38,492,000 | 36,044,000 | |
Parent Company [Member] | ||||||||||||||||
Dividends from commercial bank subsidiary | 4,300,000 | 5,000,000 | 2,800,000 | |||||||||||||
Other income | 0 | 61,000 | 0 | |||||||||||||
Income for Holding Company | 4,300,000 | 5,061,000 | 2,800,000 | |||||||||||||
Directors’ fees | 341,000 | 335,000 | 283,000 | |||||||||||||
Other | 1,575,000 | 1,264,000 | 885,000 | |||||||||||||
Total Non-interest Expense | 1,916,000 | 1,599,000 | 1,168,000 | |||||||||||||
Income before Federal income tax benefits and equity in undistributed earnings of commercial bank subsidiary | 2,384,000 | 3,462,000 | 1,632,000 | |||||||||||||
Income taxes | 475,000 | 471,000 | 287,000 | |||||||||||||
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest, Total | 2,859,000 | 3,933,000 | 1,919,000 | |||||||||||||
Equity in undistributed earnings of commercial bank subsidiary | [1] | 46,567,000 | 34,559,000 | 34,125,000 | ||||||||||||
Net earnings | $ 49,426,000 | $ 38,492,000 | $ 36,044,000 | |||||||||||||
[1] | Eliminated in consolidation. |
Note 23 - Wilson Bank Holding_6
Note 23 - Wilson Bank Holding Company - Parent Company Financial Information - Cash Flows (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | ||||||||||||||||||
Dec. 31, 2021 | Sep. 30, 2021 | Jun. 30, 2021 | Mar. 31, 2021 | Dec. 31, 2020 | Sep. 30, 2020 | Jun. 30, 2020 | Mar. 31, 2020 | Dec. 31, 2019 | Sep. 30, 2019 | Jun. 30, 2019 | Mar. 31, 2019 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | ||||||
Net earnings | $ 13,801 | $ 13,342 | $ 11,139 | $ 11,144 | $ 8,902 | $ 11,532 | $ 9,027 | $ 9,031 | $ 7,972 | $ 10,266 | $ 9,516 | $ 8,290 | $ 49,426 | $ 38,492 | $ 36,044 | |||||
Adjustments to reconcile net earnings to net cash used in operating activities: | ||||||||||||||||||||
Stock-based compensation expense | 1,428 | 1,180 | 786 | |||||||||||||||||
Other liabilities | (121) | 1,855 | 443 | |||||||||||||||||
Total adjustments | 12,022 | 11,746 | 302 | |||||||||||||||||
NET CASH PROVIDED BY OPERATING ACTIVITIES | 61,448 | 50,238 | 36,346 | |||||||||||||||||
NET CASH USED IN INVESTING ACTIVITIES | (530,462) | (397,752) | (177,616) | |||||||||||||||||
Cash dividends paid on common stock | (14,909) | (13,013) | (11,725) | |||||||||||||||||
Issuance of common stock related to exercise of stock options | 862 | 718 | 775 | |||||||||||||||||
Repurchase of stock options | 0 | 0 | (1,629) | |||||||||||||||||
NET CASH PROVIDED BY FINANCING ACTIVITIES | 583,576 | 526,600 | 201,849 | |||||||||||||||||
Parent Company [Member] | ||||||||||||||||||||
Net earnings | 49,426 | 38,492 | 36,044 | |||||||||||||||||
Adjustments to reconcile net earnings to net cash used in operating activities: | ||||||||||||||||||||
Equity in earnings of commercial bank subsidiary | (50,867) | (39,559) | (36,925) | |||||||||||||||||
Decrease (increase) in refundable income taxes | (120) | (110) | 45 | |||||||||||||||||
Increase in deferred taxes | (174) | (229) | (156) | |||||||||||||||||
Stock-based compensation expense | 1,428 | 1,180 | 786 | |||||||||||||||||
Other liabilities | 113 | 0 | 0 | |||||||||||||||||
Total adjustments | (49,620) | (38,718) | (36,250) | |||||||||||||||||
NET CASH PROVIDED BY OPERATING ACTIVITIES | (194) | (226) | (206) | |||||||||||||||||
Dividends received from commercial bank subsidiary | 4,300 | 5,000 | 2,800 | |||||||||||||||||
NET CASH USED IN INVESTING ACTIVITIES | 4,300 | 5,000 | 2,800 | |||||||||||||||||
Payments made to stock appreciation rights holders | (515) | (53) | (9) | |||||||||||||||||
Cash dividends paid on common stock | (14,909) | (13,013) | (11,725) | |||||||||||||||||
Proceeds from sale of stock pursuant to dividend reinvestment plan | 11,188 | 10,056 | 9,134 | |||||||||||||||||
Issuance of common stock related to exercise of stock options | 862 | 718 | 775 | |||||||||||||||||
Repurchase of stock options | 0 | 0 | (1,629) | |||||||||||||||||
NET CASH PROVIDED BY FINANCING ACTIVITIES | (3,374) | (2,292) | (3,454) | |||||||||||||||||
Net increase (decrease) in cash and cash equivalents | 732 | 2,482 | (860) | |||||||||||||||||
Cash and cash equivalents at beginning of year | $ 4,381 | [1] | $ 1,899 | $ 2,759 | 4,381 | [1] | 1,899 | 2,759 | ||||||||||||
Cash and cash equivalents at end of year | $ 5,113 | [1] | $ 4,381 | [1] | $ 1,899 | $ 5,113 | [1] | $ 4,381 | [1] | $ 1,899 | ||||||||||
[1] | Eliminated in consolidation. |
Note 24 - Quarterly Financial_3
Note 24 - Quarterly Financial Data (Unaudited) - Quarterly Financial Data (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||||||
Dec. 31, 2021 | Sep. 30, 2021 | Jun. 30, 2021 | Mar. 31, 2021 | Dec. 31, 2020 | Sep. 30, 2020 | Jun. 30, 2020 | Mar. 31, 2020 | Dec. 31, 2019 | Sep. 30, 2019 | Jun. 30, 2019 | Mar. 31, 2019 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Interest income | $ 33,810 | $ 33,719 | $ 31,570 | $ 30,742 | $ 30,351 | $ 30,961 | $ 31,569 | $ 30,087 | $ 29,897 | $ 30,329 | $ 29,567 | $ 28,284 | $ 129,841 | $ 122,968 | $ 118,077 |
Interest expense | 2,249 | 2,586 | 2,780 | 3,033 | 3,969 | 4,112 | 4,308 | 4,994 | 5,522 | 5,991 | 5,923 | 5,211 | 10,648 | 17,383 | 22,647 |
Net interest income | 31,561 | 31,133 | 28,790 | 27,709 | 26,382 | 26,849 | 27,261 | 25,093 | 24,375 | 24,338 | 23,644 | 23,073 | 119,193 | 105,585 | 95,430 |
Provision for loan losses | 131 | 130 | 55 | 827 | 3,065 | 1,038 | 4,124 | 1,469 | 686 | 167 | 154 | 1,033 | 1,143 | 9,696 | |
Earnings before income taxes | 17,512 | 17,405 | 14,449 | 14,792 | 10,771 | 14,669 | 11,313 | 11,357 | 10,222 | 13,556 | 12,451 | 10,882 | |||
Net earnings | $ 13,801 | $ 13,342 | $ 11,139 | $ 11,144 | $ 8,902 | $ 11,532 | $ 9,027 | $ 9,031 | $ 7,972 | $ 10,266 | $ 9,516 | $ 8,290 | $ 49,426 | $ 38,492 | $ 36,044 |
Basic earnings per common share (in dollars per share) | $ 1.23 | $ 1.19 | $ 1 | $ 1.01 | $ 0.81 | $ 1.05 | $ 0.83 | $ 0.83 | $ 0.74 | $ 0.95 | $ 0.89 | $ 0.77 | $ 4.44 | $ 3.52 | $ 3.36 |
Diluted earnings per common share (in dollars per share) | $ 1.23 | $ 1.19 | $ 1 | $ 1 | $ 0.81 | $ 1.05 | $ 0.83 | $ 0.83 | $ 0.74 | $ 0.95 | $ 0.89 | $ 0.77 | $ 4.43 | $ 3.51 | $ 3.35 |
Note 25 - Revenue From Contra_3
Note 25 - Revenue From Contracts With Customers - Schedule of Non-interest Income From Customer Contracts (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | ||
Fees and gains on sales of mortgage loans(1) | $ 9,997 | $ 9,560 | $ 6,802 | |
BOLI and annuity earnings(1) | 1,109 | 959 | 723 | |
Security gain (loss), net(1) | 28 | 882 | (268) | |
Revenue from contract with customer, total non-interest income | 37,096 | 33,140 | 28,349 | |
Fees and Gains on Sales of Mortgage Loans [Member] | ||||
Fees and gains on sales of mortgage loans(1) | [1] | 9,997 | 9,560 | 6,802 |
Service Charges on Deposits [Member] | ||||
Revenue from contract with customer, non-interest income | 6,137 | 5,659 | 6,952 | |
Debit and Credit Card Interchange Income [Member] | ||||
Revenue from contract with customer, non-interest income | 12,029 | 9,187 | 8,301 | |
Brokerage Income [Member] | ||||
Revenue from contract with customer, non-interest income | 6,368 | 4,837 | 4,411 | |
BOLI and Annuity Earnings [Member] | ||||
BOLI and annuity earnings(1) | [1] | 1,109 | 959 | 723 |
Security Gain (Loss), Net [Member] | ||||
Security gain (loss), net(1) | [1] | 28 | 882 | (268) |
Other Non-interest income [Member] | ||||
Revenue from contract with customer, non-interest income | $ 1,428 | $ 2,056 | $ 1,428 | |
[1] | Not within the scope of ASC Topic 606. |