# EDGAR Filing Document

**Accession Number:** 0000885275
**File Stem:** 0001437749-23-001417
**Filing Date:** 2023-1
**Character Count:** 9235
**Document Hash:** f75906d965081cf6314376edd809456e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001437749-23-001417.hdr.sgml**: 20230120

**ACCESSION NUMBER**: 0001437749-23-001417

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 16

**CONFORMED PERIOD OF REPORT**: 20230120

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230120

**DATE AS OF CHANGE**: 20230120

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WILSON BANK HOLDING CO
- **CENTRAL INDEX KEY:** 0000885275
- **STANDARD INDUSTRIAL CLASSIFICATION:** NATIONAL COMMERCIAL BANKS [6021]
- **IRS NUMBER:** 621497076
- **STATE OF INCORPORATION:** TN
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-20402
- **FILM NUMBER:** 23540836

**BUSINESS ADDRESS:**
- **STREET 1:** 623 W MAIN STREET
- **STREET 2:** P.O. BOX 768
- **CITY:** LEBANON
- **STATE:** TN
- **ZIP:** 37087
- **BUSINESS PHONE:** 6154442265

**MAIL ADDRESS:**
- **STREET 1:** 623 W MAIN STREET
- **STREET 2:** P.O. BOX 768
- **CITY:** LEBANON
- **STATE:** TN
- **ZIP:** 37087

wbhc20230114_8k.htm

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM **8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): January 20, 2023

**WILSON BANK HOLDING COMPANY**

*(Exact name of registrant as specified in its charter)*

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| | | |
|:---|:---|:---|
| **Tennessee** | **000-20402** | **62-1497076** |
| *(State or other jurisdiction of* | *(Commission* | *(IRS Employer* |
| *incorporation)* | *File Number)* | *Identification No.)* |
| **623 West Main Street** |  |  |
| **Lebanon, **Tennessee** |  | **37087** |
| *(Address of principal executive offices)* |  | *(Zip Code)* |

---

**(**615**) **444-2265**

*(Registrant's telephone number, including area code)*

**Not Applicable**

*(Former name or former address, if changed since last report)*

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (*see* General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: None.

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**Item 2.02 Results of Operations and Financial Condition.**

On January 20, 2023, Wilson Bank Holding Company (the "Company") mailed a letter to its shareholders (the "Shareholder Letter") describing, among other things, the Company's earnings for the fiscal year ended December 31, 2022. The letter is furnished herewith as Exhibit 99.1.

**Item 7.01 Regulation FD Disclosure.**

The information set out in Item 2.02 is incorporated herein by reference.

**Item 9.01 Financial Statements and Exhibits.**

*(d) Exhibits* 

[<u>99.1 Letter to shareholders mailed January 20, 2023.</u>](ex_464207.htm)

104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | **WILSON BANK HOLDING COMPANY** | **WILSON BANK HOLDING COMPANY** |
|  | By: | /s/ John C. McDearman III |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;John C. McDearman III | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;John C. McDearman III |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;President/Chief Executive Officer | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;President/Chief Executive Officer |
| Date: January 20, 2023 |  |  |

---

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**EXHIBIT INDEX**

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| | |
|:---|:---|
| <u>Exhibit No.</u> | <u>Description</u> |
| 99.1 | Letter to shareholders mailed January 20, 2023. |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

---

## Exhibit 99.1

**Exhibit 99.1**

January 20, 2023

Dear Shareholder:

The board of directors of Wilson Bank Holding Company is pleased to share with you the company's 2022 financial results. Despite economic headwinds throughout the year, the bank is proud to report that 2022 was another successful year. We saw robust growth in our loan portfolio, with loans increasing from $2.444 billion at December 31, 2021 to $3.114 billion at December 31, 2022 which was fueled by the business development and client acquisition momentum gained in 2021 that carried over into 2022. This loan growth created a need to grow deposits and therefore, as a result of the rising rate environment and the competition in our market, reward our customers with higher deposit rates. As we begin 2023, we do believe we will see the economy continue to slow and adapt to the historic pace at which interest rates have increased over the last several months. The following are our results as of, and for the twelve months ended, December 31, 2022:

● Assets as of December 31, 2022 were $4.286 billion, representing an increase of $296 million, or 7.4% from December 31, 2021.

● Net Income for the year was $53.0 million, up by $3.6 million, or 7.3% from 2021.

● Diluted Earnings per share for 2022 was $4.65, compared to $4.43 in 2021.

● Return on average assets for 2022 was 1.29%, compared to 1.35% in 2021 while return on average stockholders' equity for 2022 was 14.36% compared to 12.45%.

The board has declared a ***$0.75 per share*** cash dividend to shareholders of record as of January 1, 2023, payable on January 27, 2023. The latest price at which the company's common stock has been traded of which we are aware is ***$67.85 per share***.

As our banking practices continue to evolve, it is our mission to ensure customers have access to innovative products and technology while continuing to enrich the communities in which we live and work. Williamson County continues to show steady customer growth and we are thrilled to open our 30th location in Maryland Farms this spring. This location will be a full service office and allow our banking team the opportunity to continue to develop the relationships within our communities.

The bank's steadfast commitment to succession planning within the bank's leadership team is a key factor in maintaining a consistent brand as we grow. Effective January 1<sup>st</sup> Taylor Walker transitioned into the Chief Credit Officer role upon the retirement of veteran banker, Gary Whitaker. Among Taylor's accomplishments at WBT, Taylor led efforts to build our Hendersonville office to $100 million in assets in 2019 and developed a team of bankers focused on building our brand in Sumner County. Taylor has spent the last couple of years under the tutelage of Mr. Whitaker while also playing a key role in the bank's commercial lending group. We also announced the hiring of the bank's first Chief Risk Officer, Rachel Fisher, who will focus on building upon our current risk program and strengthening our overall approach to managing internal and external risk as we grow. Rachel joins us from Columbia Bank, a full-service community bank headquartered in Tacoma, Washington. At Columbia Bank, Rachel was Senior Vice President and Director of Data, Model & Cyber Risk Governance.

It is our belief that the bank's success persists over time because we are focused on community. We channel local deposits into the main streets and neighborhoods we serve to spur job creation, foster innovation, and fuel our customers' dreams. As a local business ourselves, we only thrive when our customers and communities flourish. We will continue to rely on our relationships and work hard for our communities. We truly appreciate your belief in the mission and direction of your community bank. Your support of our mission remains essential to our growth and success.

Sincerely,

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| | |
|:---|:---|
| ![johnmcdearmansignature.jpg](johnmcdearmansignature.jpg) | ![elmerrichersonsignature.jpg](elmerrichersonsignature.jpg) |
| John C. McDearman, III | Elmer Richerson |
| President/CEO | Chairman |
| Wilson Bank Holding Company | Wilson Bank Holding Company  |

---