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Connected
to our customers, our community and to each other
Inside
4 Mortgage trends to watch
6 Four generations of trust
8 Retirement planning
12 Digital banking made easy
16 Expanding our reach
AND MORE
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by the numbers
Wilson Bank Holding Company is a bank holding
company whose primary business is conducted by its
wholly-owned subsidiary, Wilson Bank & Trust (the
"Bank"). The Bank is a commercial bank headquartered
in Lebanon, Tennessee. The Bank provides a full range of
banking services in its primary market areas of Wilson,
Davidson, Rutherford, Trousdale, Sumner, DeKalb, Smith,
Williamson and Putnam counties, Tennessee.
29locations
560+
9counties
employees
69.2%
of our customers
utilize our online
interface for business
or personal banking.
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On the Cover
2
4
5
7
1
3
6
Connected
2 Letter to Shareholder
2 0 2 1 A N N U A L R E P O R T
features
Middle Tennessee
Mortgage Trends
Four Generations
of Trust6
8
Planning
for the
Best Years
12 Digital Banking
Helps You Save Time
15 Customer Spotlight:
A Partnership That Is Still Building
1 Jessica Justice, VP-Loan Officer,
Rutherford County 2 Tommy Decker,
AVP-Commercial Lender, Sumner County
3 Lynn Daugherty, VP-Watertown Office
Manager 4 Moises Feliz, AVP-Community
Development Manager, Mortgage 5 Noemi
Dowell, Accounting Associate, Operations
6 Elizabeth White, Deposit Relationship
Officer, Davidson County 7 Chad Colwell,
SVP-Dekalb & Smith County Market Leader
Member FDIC
departments
10 Community Leader Spotlight
11 Giving Back to Our Community
14
Lending Strength
16 Growth Markets
17 Financial Section
30 Board of Directors
32 Executive Management
Get Plugged In
Follow us on social media
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“Our optimism comes
from a very talented and
focused group of employees
and a loyal customer and
shareholder base.”
John Foster. left
and John McDearman
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TO OUR SHAREHOLDERS
W i l s o n B a n k H o l d i n g C o m p a n y
“We are all CONNECTED to something,
whether it be our friends, family, interests, morals
or beliefs. As your community bank, we believe
we are better together working towards a common
purpose of serving others.”
If the events of the last couple of
years have taught us anything,
it’s that we should never take our
connection to people for granted. We
have certainly learned creative ways to
stay connected, whether it be through
video conferencing or FaceTime, but
nothing compares to greeting a friend
or family member face-to-face. Through
agile and flexible communication, we
were still able to stay connected in 2021
as employees, customers, and friends.
We began the year with our
steadfast commitment to supporting
local small businesses by hosting our
annual Southern Home & Garden
Expo virtually. Although we couldn’t
gather in person, we still wanted to
do our part to highlight the many
companies who were finding their
own creative ways to navigate the
challenges of the pandemic. As
the year continued, 2021 featured
many bright spots for our bank
including the slow return to more
in-person meetings and events. Our
annual Oktoberfest event brought
customers and friends from all nine
counties, showing up in a way we
have never seen before.
Our focus on planning for
the future needs of our customers,
employees, shareholders and
communities continues to be
sharpened as we grow. Expansion
means so much more today than the
physical footprint of our offices. It is
anchored in finding new and more
meaningful ways to meet the financial
needs of our customers. Whether it is
enhancing onboarding of new customers,
tailoring our offerings and services,
or refreshing our website for easier
navigation, the goal is to continually
improve our customer experience. JD
Power & Associates states the core
drivers of customer satisfaction at banks
are: convenience, tailored account
offerings, and helping customers save
time or money. Our investments in our
people and technology are helping us
deliver on these key drivers as well as
stay committed to our commitments
of accessibility, dependability, and
responsiveness.
The achievements of the year were
the result of an overall growing market,
new product offerings, robust real estate
demand and our aggressive approach to
growing our loan portfolio. Non-interest
income, boosted by our mortgage and
investment divisions, the Paycheck
Protection Program as well as the fees
generated from loan originations and
debit and credit card transactions, and
increased activity were strong in 2021.
All of this resulted in record growth
in assets, deposits, and net income in
2021, which we believe has given us
momentum heading into 2022.
In 2021, as a company, we
completed a book study of The Energy
Bus by Jon Gordon. As we continued
through the uncertainty of the pandemic,
We found the focus of this book
(purpose, vision, enthusiasm, and spirit)
prompted great communication that
continued to bring us together as a
company throughout the year.
We are cautiously optimistic about
2022 despite the head winds from
increasing interest rates and geopolitical
uncertainty. Our optimism comes from
a very talented and focused group of
employees and a loyal customer and
shareholder base.
No one knows when or how things
will completely return to normal but
one thing will never change for us. We
will continue to do our part to remain
connected to our communities and
our customers because to us, you are a
part of our family. We truly appreciate
your belief in the mission and direction
of your community bank and we look
forward to exciting things to come!
Sincerely.
John C. McDearman, III
President/CEO
Wilson Bank Holding Company
John Foster
President
Wilson Bank & Trust
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Home Sweet Home.
Capitalizing on a Boom Year in
Mortgages to Avoid a Potential Bust
Our team of mortgage
professionals is dedicated
to meeting and exceeding
the expectations of our
customers in this
ever-changing market.
Superior customer service
is always our top priority.
Tonya Strobel
SVP-MORTGAGE
DIVISION PRESIDENT
Over the last two years, the mortgage
industry has experienced a nice boost
thanks to low interest rates. For Wilson
Bank & Trust’s mortgage division, it
has been one for the record books. The
combination of those low rates with
high demand in our service area has
kept our mortgage team exceptionally
busy. Politics, cost of living, quality of
life, and the success of remote work have
attracted people from across the country,
particularly from more expensive cities, to
Middle Tennessee.
The influx of new home buyers paired
with existing residents looking to capitalize
on interest rates to refinance or purchase a
new home generated 300 more mortgages
at Wilson Bank & Trust than in 2019.
To accommodate this spike in
demand, our mortgage division not
only ramped up efforts, but also began
preparing for a transition to a servicing
model that keeps a percentage of our
mortgage portfolio on our books for
servicing instead of selling to the secondary
market, marking a big shift for our bank.
While the robust refinancing markets
of 2020 and 2021 marked a windfall
for our mortgage-lending division, we
avoided complacency and instead sought
ways to ensure we grow our purchase
business in the coming years. Mortgage
interest rates are expected to rise as a
result of inflation and the cessation of
quantitative easing, and the number
of people refinancing their homes is
expected to decrease dramatically in 2022.
One such way we will continue to
expand our business is through a joint
venture with Willow Branch Homes and
Celebration Homes to provide in-house
financial services for customers buying
from one of these two homebuilding
companies. The venture, unprecedented
for a community bank, provides buyers
with a “family of services” concept while
allowing Middle Tennessee residents to
work with familiar, local businesses that
can combine a personal touch with the
amenities of larger, national companies.
The venture is expected to add
significant mortgage households per year
to our production and will replace much
of the refinance volume the mortgage
division realized over the past two years.
This strategic move should serve to gain
mortgage market share for the mortgage
division by not lowering production goals.
The mortgage industry is expected to
decrease significantly in 2022 as result of
the loss of refinance volume. Most other
mortgage entities will likely be reducing
their operations, resulting in layoffs, as
the industry is expecting a 50% decrease
in production as a result of interest rates
moving up. We believe through this new
partnership we will be able to avoid much
of the negative impact on our mortgage
operations as we seek to gain share by
growing our purchase money business
production units year over year.
While mortgage volume in most
places is expected to decline, we believe
the Davidson and Williamson County
markets should continue to grow simply
based on demand. Growth in our rural
markets should also benefit as housing
prices in urban and suburban markets
increase and proximity to an urban
center for work becomes less important
to some people.
So, while many markets around the
country may experience a slowdown in
the year ahead, we believe our mortgage
team at Wilson Bank & Trust will be
picking up the pace.
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Picking up
the pace
2018
Units closed 559
Value $127.6 Million
2019
Units closed 687
Value $168.8 Million
2020
Units closed 987
Value $247.3 Million
2021
Units closed 995
Value $264.3 Million
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Need to speak with
a PRO like Tonya?
(615) 994-9320
Four generations of
Wilson Bank and Trust
shareholders
Left to right-back row: son-in-law, David Couch, daughter Teresa Couch,
son-in-law Jason Cripps, daughter Renee Cripps, Billy Joe Allison;
middle: great-grandson Clay Hardeman and grand daughter
Addie Hardeman, Jean Allison and grand-daughter
Allison Cripps (kneeling); not pictured: Alex Cripps,
Jessi Couch and Eric Hardeman.
Four
Generations
of Trust
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You could say
we’re pretty
invested in
the bank.
Jean Allison
Allisons’ family — 11 people in all — are
shareholders today. “You could say we’re
pretty invested in the bank,” Mrs. Allison
says. As Mr. Allison notes of his son-in-
law Jason Cripps, a retired airline pilot
and Air Guard general who transported
wounded soldiers from Iraq to military
hospitals in Germany, “He buys every bit
of Wilson Bank stock he can get.”
Earlier in his career, Mr. Allison
commuted to Nashville to work for
Western Electric, which manufactured
telephones for the Bell System. After
10 years he gave it up to be a full-time
farmer. “I had already started a dairy
farm on the side,” he says. “I laid every
block in my dairy barn. I’d milk the cows
before going to work.”
Now in their mid-80s, the Allisons
are classified as retirees — you’re never
fully retired when you own a farm,
Mrs. Allison notes — but they still raise a
few Angus beef cattle. Their 100-year-old
farmhouse with the American flag flying
in front is just down the road from the
old home place where Mr. Allison
was raised, along the boundary that
separates Wilson and Smith Counties.
Like their bank, they’re deeply rooted in
the land here. “Invested,” as Jean Allison
might say.
Addie Hardeman
and her son Clay
W
hen Wilson
Bank & Trust launched in 1987,
Billy Joe and Jean Allison were
among the first shareholders.
They moved their checking
and savings accounts and
purchased certificates of deposit
from the fledgling institution
headquartered in the little house
in Lebanon. Mr. Allison served
on the bank’s first community
council, a group of local leaders
who serve as advisors.
As the Allisons explain it, switching
their banking relationship was an easy
choice because they already had what
mattered most to them in a financial
institution: personal relationships with its
leaders. “It was going to be a community
bank, and we knew [founding CEO]
Randall [Clemons] and a lot of the
directors,” Mrs. Allison says.
That the Allisons still refer to those
longtime leaders by their first names
— Randall, Harold, Jack, Charles —
attests to the bonds that go beyond just
banking. Those relationships broadened
to include employees whom Mrs. Allison
describes as top-notch. “They know
you, and they’re there to help you,”
she says. “The service is a big thing for
shareholders.”
The Allisons’ daughter Renee and her
husband also bought shares at the bank’s
beginning. In fact, with help from gifts
by the couple, three generations of the
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Allison family was there from the beginning
Many individuals worry about outliving their savings.
As a result, they sometimes underestimate what they can comfortably spend in
retirement. Let us help you plan for some of the best years of your life.
Damon Bates
BRANCH MANAGER /
FINANCIAL ADVISOR
PLANNING FOR
THE BEST
YEARS
For years, you’ve been saving
and investing for retirement. But
what happens when you finally
retire and it’s time to switch
gears from saving to spending?
Planning?
Speak with expert.
(615) 443-6509
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Securities offered through Raymond James Financial Services, Inc., member FINRA / SIPC Investment advisory services offered through Raymond James Financial Services Advisors, Inc. Wilson Bank and Wilson Bank & Trust Investment Services are not registered broker/dealers and are independent of Raymond James Financial Services. Investment products are: not deposits, not FDIC/NCUA insured, not insured by any government agency, not bank guaranteed, subject to risk and may lose value.
It turns out, many people are
so focused on accumulating assets
that they never really think about
actually withdrawing the money.
In fact, recent studies show that
many retirees aren’t drawing
down their retirement portfolios,
opting instead to live on Social
Security and the minimum required
distributions (aka RMDs) so their
portfolios can continue to grow.
This may lead to unnecessary
sacrifices in a retiree’s standard of
living. After almost two decades
in retirement, most current
retirees still have 80% of their pre-
retirement savings, according to
research from BlackRock.
THE PROBLEM WITH
UNCERTAINTY
So why aren’t these retirees
spending their nest eggs? Some
may be spending as little as possible
to leave behind a larger sum for
their loved ones or philanthropic
pursuits. But in many cases, it’s
because they aren’t sure how to
determine a sustainable withdrawal
rate that accounts for their total
lifespan. They worry about the
“what ifs” retirement may throw
their way and want to be prepared.
You may be able to relate.
This latter group understands
that over the course of a long-
term retire ment, inflation can
erode savings. Portfolio returns
can vary, and healthcare costs can
quickly escalate. And they may
be concerned about outliving
their savings – only 25% of baby
boomers believe their savings
will last throughout retirement,
according to the Insured
Retirement Institute. By spending
less and allowing their savings to
potentially grow in the early years
of retirement, they hope to offset
some of the uncertainty.
Collaborating with your
financial advisor can help increase
your confidence about having
enough money to live comfortably
in retirement. Just like in your
working years, you can establish a
just-in-case cash cushion or line of
credit that helps put you at ease.
And having a sound distribution
strategy in place – one that takes
into account your income sources,
lifestyle, asset locations and tax
situation – can help you enjoy the
retirement lifestyle you envisioned.
WITHDRAWING YOUR MONEY
When it comes to withdrawing
your retirement savings, here are a
few things to consider:
Organize your expenses:
Three typical categories include
essential expenses (think food,
housing and insurance), lifestyle
expenses (vacations, hobbies) and
unexpected expenses (healthcare
costs, auto repairs). Consider paying
for your essential expenses with
guaranteed income sources such
as Social Security or annuities. Use
growth or income investments
to pay for lifestyle expenses, and
maintain a cash reserve for any
unexpected costs that might occur.
Be flexible. For instance, a
downturn in the market is a good
time to tighten the reins on your
spending. But if you experience
some unexpected investment gains,
the timing might be right for that
dream vacation.
spending tends to decline in the
later years of retirement, most
likely the result of less travel and
similar pursuits. People ages 55 to
64 spend on average $60,076 per
year, while people ages 65 and over
spend $45,221, according to the
Bureau of Labor Statistics.
Building in flexibility allows
you to go with the flow. Just be
sure to regularly touch base with
your advisor so your budget can
stay on track.
Review your plan. Work with
your advisor to develop and
review your retirement income
and distribution strategies. You
can run hypothetical simulations
based on different withdrawal
rates, how many years you will
live in retirement or any other
contingencies, which will allow you
to develop a better idea of how
much you can comfortably and
confidently spend in retirement to
help achieve your goals.
Everyone’s retirement situation
is different. You may have
encountered some unexpected
circumstances, such as a layoff or
forced retirement that occurred
earlier than you planned, and you
weren’t able to save as much as you
hoped. On the other hand, leaving
a legacy may be your primary
goal. Whatever the case may be,
establishing a withdrawal strategy
that’s right for you – while also
keeping your emotions in check – is
often a good plan of action.
There’s little doubt your
income needs will fluctuate during
retirement. The early years may
be filled with travel and other
big-ticket items that require more
substantial withdrawals. As time
goes on, you’ll likely travel less,
but your healthcare expenses may
increase. Studies show that
Sources: kitces.com; forbes.
com; cnbc.com; ournextlife.com;
smartaboutmoney.org; thestreet.
com; kiplinger.com; myirionline.org
Raymond James and its advisors do
not offer tax advice. You should
discuss any tax matters with the
appropriate professional.
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C O M M U N I T Y S P O T L I G H T
Empowered by
Community
In 1999, Michelle Hill had just launched
the EmpowerMe Center to provide therapeutic
recreational opportunities for individuals with
special needs. At the Wilson County Fair, where
the new nonprofit had a hairspray painting
booth to raise funds and awareness, Michelle
found herself next to WBT Community Council
member, Bob Clower, volunteering in a booth for
the Shriners, another organization serving children
with disabilities. Over the course of conversations
during the nine days of the fair, Bob became an
early believer in Michelle’s work and wanted to
help spread awareness to this cause. “I need to
take you and introduce you to a few people,” he
told her. From there, Michelle met several bank
employees who quickly became advocates of the
EmpowerMe Center and its mission.
Today, the community of parents with
individuals with special needs finds support from
across the larger community — especially its
community bank. Wilson Bank & Trust regularly
sponsors the Center’s fund-raising events. Various
bank branches have designated EMC to receive
funds from the We Believe Together program.
Bank employees volunteer with the Center’s Easter
Egg Hunt, Spring Fling, Christmas Camp, and
Fall Sports Festival. They also help with folding,
stuffing and labeling envelopes for the newsletters.
Twice a year, a board member from the bank
bush-hogs the tall grass. “He just calls and says,
‘I’m gonna be on your property,’” Michelle laughs.
Most of all, people give. Through the
generosity of the community, EMC was able to
purchase 25 acres off South Hartmann Drive to
build community recreational facilities for their
D.R.E.A.M. Programs (Day Camp, Recreational,
Educational, Adult, and Multi-living facilities).
The Center hopes to break ground in the coming
year. Before he passed away in 2019, Bob Clower
donated $100,000 toward the adaptive playground
at the new center.
“We are so grateful, we haven’t had to solicit
any of this support,” Michelle says. “Wilson Bank is
a family atmosphere, and they treat us like family.”
To donate to the EmpowerMe Center
and to support its programs, visit
empowermecenter.com/donate.
Bank ‘family’ rallies
around nonprofit for
kids with special needs
Michelle Hill, Executive Director
of the EmpowerMe Center,
relaxes on a swing provided
by community volunteer
Alec Jakalski, who built it
as his Eagle Scout project.
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The WBT We Believe Together
program was founded on the belief
that together we can make a difference
in the communities we serve. Here's a
look back at some of the organizations
and events we were privileged to
partner with in 2021!
Giving
Back
Left: Christmas for All (CfA) – The bank’s Annual Oktoberfest event collected donations from employees and attendees to benefit Christmas for All. CfA
provides Christmas gifts for approximately 2000-2500 underprivileged children from newborns to age 13 in Wilson County every year with support from
the US Marine Corps Toys for Tots, Lebanon Fire Department, and numerous other individuals & businesses. Center: Valerie Reta of Second Harvest Food
Bank, Mary Hance, Wilson Bank CEO John McDearman and Wilson Bank Marketing and Community Relations Manager Mindy Simmons present a check
for Ms. Cheap’s Penny Drive. The bank has been a longtime sponsor of the penny drive, with all of its 29 offices participating. Right: Habitat for Humanity –
Employees of WBT came together with other community banks in the area to participate in a weekend long Habitat for Humanity Build.
$585,457
+
and youth sports leagues 100organizations assisted
total community impact
including nonprofits, local schools
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Left: This year’s Oktoberfest weekend hosted the Compassionate Hands Chili Cook-off. Compassionate Hands started as a network of churches working
together to provide winter shelters to individuals experiencing homelessness in Wilson County, TN. Center: WBT’s Wal-Mart office adopted a Salvation Army
Angel Tree benefiting its program to help provide Christmas gifts for hundreds of thousands of children around the country each year. Once a child or senior
adult has been registered and accepted as an Angel their Christmas wish list is shared with donors in your community who purchase gifts of new clothing
and toys. Right: WBT had the pleasure of presenting two MTSU students the inaugural Jones College of Business Scholarship from Wilson Bank & Trust. This
scholarship is for high-performing students in Finance. Pictured from left to right are Jacob King, Andy Jakes (WBT Regional President) and Grant Gardner.
Your time is precious.
We'll help you save more of it.
Online account opening turnaround time reduced from days to
minutes with new digital transformation platform
An initiative referred to as
the “Accelerating Digital” project
made tremendous strides in 2021
as the dedicated team of bankers
was laser-focused on all areas of
deposit account opening and
commercial loan origination.
Before the implementation of this
new platform, the bank had a very
limited set of product options
online, and it took days to set up
new accounts. Now the bank’s
customers can open their accounts
in minutes with a seamless
and personalized account
opening experience,
consistent
across all
channels including in-branch, online
desktop, laptop, tablet, and mobile.
“The goal of this project is to
implement a comprehensive online
account opening solution, which is a
critical component in our pursuit to
build an Omni-channel banking
experience for our customers,” said
Greg Sullins, EVP of Strategy,
Quality & Productivity. “In order
to continue to provide more
opportunities to deepen existing
customer relationships and acquire
new ones, our team is dedicated to
consistently providing a better
customer experience while
also improving the
operational efficiency
of our Bank.”
With a goal of creating a
robust digital option for consumer
and business customers, the bank
strives to simply make it easier to do
business with WBT. Key highlights
of this solution include:
• Real-time validation to ensure
the secure collection and
validation of documents
• Options to start, save, and
complete application across
multiple devices
• Digital document signing
and funding of accounts
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• Automatic risk assessment
through integration with multiple
government fraud checking systems
• Process insights including
application volumes, channels,
abandonment rates, and
completion times
“Our partners in onboarding this
platform demonstrated practical ways of
integration and capability within their
system which was something we could
build upon with other products, be it
on the deposit side or loan side. We are
thrilled with the progress we have made
and look forward to continuing to develop
it for our customers," said Sullins.
12 C O N N E C T E D 2 0 2 1 A N N U A L R E P O R T
In 2022, this teams’ focus will
shift from deposit accounts to
business lending applications,
all integrated online.
Scan to open an
account or visit
wilsonbank.com/
openpersonal
W I L S O N B A N K H O L D I N G C O M P A N Y 13
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With more than 55 years of combined experience
at WBT, our lending team always delivers options
LENDING STRENGTH
For 35 years, Wilson Bank &
Trust has maintained consistent
and increased loan growth
Taylor Walker
SVP/HEAD OF
COMMERCIAL LENDING
throughout our entire market area. The
management of our lending team remains
focused on replicating this success through
strategic planning, ongoing analysis and
agile development of products. As our
markets continue to develop
and grow, the leadership of this
group is up for the challenge of
navigating varying economic
conditions and fluctuating
market trends.
“With consistent loan
growth in mind, continued
efficiency in processes will
be essential to the bank’s
success in this area,” said
Gary Whitaker, EVP and Chief Credit
Officer.” “Our hope for the years to come
is to continue to develop consistency with
loan structures, pricing and loan analysis
in order to maintain profitability.”
Gary Whitaker
EVP/CHIEF CREDIT
OFFICER
In 2021, our management team saw an
increase in growth to our loan portfolio
with 45 of our loan officers having books
greater than $10 million and seven loan
officers with books greater than $100
million. Because of the lending officers’
strong business development efforts, the
bank was able to continue to grow and
serve its communities throughout all
of Middle Tennessee.
“As we look forward, we
will continue to focus on
diversification in commercial
lending production and asset
quality throughout the bank’s entire
footprint,” said Taylor Walker,
SVP and Head of Commercial
Lending. “With the onboarding
of new technology and systems,
we hope to see increased efficiency for our
loan officers, analysts, and commercial
loan processors which will better support
the expected growth in our markets.”
Wes Taylor
SVP/CONSUMER AND SMALL
BUSINESS LENDING
Paul Shearer
VP/HEAD OF
CREDIT ADMINISTRATION
14 C O N N E C T E D 2 0 2 1 A N N U A L R E P O R T
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C U S T O M E R S P O T L I G H T
A Partnership
That Is Still
Building
S
eth McDowell understands his
company, Agilitas Property
Development, as more than a business. “I
see it as a ministry and a calling,” he says. “It’s
an opportunity to serve the Lord and to impact
lives, from construction workers on our projects
to loan officers to tenants of our buildings. It’s
also an opportunity to come alongside others
who want to serve.”
Just after Seth and his wife (a Lebanon
native) moved to town and built a home, they
came alongside John McDearman of Wilson
Bank and Trust. After they met, Seth explains,
“I just went to the bank and introduced myself.”
Wilson Bank has been a partner ever
since. When Seth launched his company three
years later, the bank was part of it. The web
of personal relationships is strong. As Agilitas’
CFO, Heath Thorne (another Lebanon native)
explains, “When I was growing up, I took tennis
lessons from John’s mother.”
Today, 20 years after they began, Agilitas’
projects range across Tennessee, from the
Memphis suburbs to Roane County, including
a number of buildings in Middle Tennessee.
“Wilson Bank,” says Heath, “has financed 80%
to 90% of the deals we’ve done.” (That includes
the new Ford dealership in Lebanon and the
Legacy Pointe at Golden Bear development in
Mt. Juliet.)
For Seth, the partnership with the bank
goes even beyond helping to create jobs and
economic impact. As one example, he cites
the speed with which Wilson Bank conducts
his transactions. That helps Agilitas pay
subcontractors promptly. “That’s important to
us,” Seth says. “They enable us to do business
the way we want to do business.”
For more information about the project pictured,
visit legacypointeMJ.com or to read more about
other projects Agilitas Property Development has
constructed, visit apdincus.us
Seth McDowell and Heath Thorne
have been building Agilitas since
2001. Wilson Bank & Trust has been
with them the whole time.
14 C O N N E C T E D 2 0 2 1 A N N U A L R E P O R T
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In today’s market, we firmly believe you don’t have to blanket
the market with locations, however having offices within a
reasonable drive is still important to attract new customers.
— John McDearman
Growth
Markets
The growth strategy for Wilson Bank & Trust has
always been centered around organic development in
our customer base, especially as it relates to physical
locations. “In today’s market, we firmly believe you
don’t have to blanket the market with locations,
however having offices within a reasonable drive is
still important to attract new customers,” said John
McDearman, Wilson Bank & Trust CEO. In January of
2022, the bank announced the opening of its newest
Sumner County office on Nashville Pike in Gallatin,
Tennessee. “Sumner County has quickly become one of
our fastest growing markets and we are thrilled to be a
part of this developing community.”
Likewise, the bank continues to pursue Williamson
County as another area of opportunity. WBT opened
its first office in Cool Springs in 2019 and recently
purchased a former bank site on Harpeth Drive in the
Maryland Farms area of Brentwood, TN where it plans
to open its 30th office. “We believe there is tremendous
opportunity to bring our customer-centric, community-
first approach to the residents of Williamson County,”
said McDearman. “We expect to have a full service
office open there in the third quarter of 2022.”
Our new office in
Sumner County opened
its doors on January 21,
2022. Our local team of
six banking professionals
is excited to continue to
serve the community.
Rendering of Williamson Country / Maryland Farms location
16 C O N N E C T E D 2 0 2 1 A N N U A L R E P O R T
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THE 2021 FINANCIALS
W i l s o n B a n k H o l d i n g C o m p a n y
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Wilson Bank Holding Company Reports
RECORD HIGH
NET INCOME
RECORD HIGH
ASSETS
And
A record year in net
income was the result of
an overall growing market
in Middle Tennessee,
new product offerings,
strong loan demand, a
low rate environment that
encouraged home refinances
and purchases, and a
continued strong recovery
in the stock market.
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W I L S O N B A N K H O L D I N G C O M P A N Y 19
Even though 2021 was the second year of
the COVID-19 pandemic, Wilson Bank reported a
record high net income of $49.4 million for the
year ended December 31, 2021 compared to
$38.5 million for the same period in 2020. Basic
earnings per share for the twelve month period
ended December 31, 2021 was $4.44 compared
to $3.52 for the same period in 2020.
Net interest income before the provision for
loan losses was $119.2 million for the twelve months
ending December 31, 2021 compared to $105.6 for
the year ended 2020. This increase was the result of a
$6.9 million, or 5.6%, increase in interest income and
a decrease of $6.7 million, or 38.7%, in total interest
expense. The net interest margin was 3.5% in 2021 as
compared to 3.6% for the same period in 2020. The net
interest margin was negatively affected by the Federal
Reserve’s move to lower the federal funds rate from
1.75% to .25% during 2019 and 2020.
The 2021 provision for loan losses was $1,143,000,
a decrease of $8,553,000 from the provision in 2020.
The decrease in the provision in 2021 was attributable to
returning to a more normalized economy in 2021, as the
economic impacts of the COVID-19 pandemic waned
in 2021. The provision for loan losses during 2021 was
primarily the result of loan growth.
Non-interest income for the twelve months ended
December 31, 2021 was $37.1 million compared to
$33.1 million for the same period in 2020. Included
in this increase is an increase in debit and credit card
interchange fees due to the increase in the number and
volume of card holders and transactions. The increase in
the volume of transactions was partially attributable to an
increase in the economic activity in 2021 as businesses
reopened and mitigation efforts related to COVID-19
were relaxed, which resulted in increased consumer
spending. Brokerage income primarily increased due
to the opening of new investment accounts, which was
aided by the hiring of new investment advisors as well as
an increase in estate planning and trust asset accounts.
Brokerage income was also aided by the continued strong
recovery in the stock market from the lows of the first
quarter of 2020 resulting from the COVID-19 pandemic.
Fees and gains on sales of mortgage loans primarily
increased due to the continued influx of refinance volume
as a result of continued low interest rates due to ongoing
government stimulus efforts.
NET INCOME
28.31% INCREASE
$50m
$40m
$30m
$20m
$10m
1
2
0
2
0
2
0
2
0
NET INTEREST INCOME
BEFORE PROVISION
12.89% INCREASE
$125m
$100m
$75m
$50m
$25m
1
2
0
2
0
2
0
2
0
18 C O N N E C T E D 2 0 2 1 A N N U A L R E P O R T
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Balance Sheet
Wilson Bank reported total assets of $4.0 billion at December 31,
2021 compared to $3.4 billion at December 31, 2020, an increase
of $620 million, or 18.4%.
At December 31, 2021 securities were $897.6
million, an increase of 54.6% from $580.5 million at
December 31, 2020. The increase in securities was a
result of management’s decision to invest excess liquidity
into higher yielding assets.
Loans, net of allowance for loan losses, totaled $2.4
billion at December 31, 2021, a $161.5 million, or
7.1%, increase compared to December 31, 2020. This
increase resulted from an overall increase in loan demand
in the housing market, as well as other sectors in which
we lend money, along with continued demand during
the first part of 2021 for PPP loans by small businesses
and individuals as result of the COVID-19 pandemic.
The allowance for loan losses increased to $39.6
million in 2021 compared to $38.5 million in 2020.
The allowance for loan losses was 1.6% of outstanding
loans at December 31, 2021.
Total deposits were $3.6 billion at December 31,
2021 compared to $3.0 billion at December 31, 2020,
representing growth of $594.5 million, or 20.1% during
2021. Deposits increased throughout the year as the
Bank continued to increase market share in our growth
markets, economic activity increased, and the economic
stimulus programs continued from 2020
into 2021. The inflated deposit balances are also
reflected in the $400.9 million in interest balances
held at other financial institutions at year end, which
was an increase of $96.2 million, or 31.6% over levels at
December 31, 2020.
As the CFO of WBT, my staff and I have the opportunity to live the
Bank’s mission statement every day by being able to “maximize
sustainable earnings while being a responsible business that renders
high-quality service to customers through the efforts of fairly treated
employees.” 2021 was a great year of maximizing sustainable earnings
as the bank reached a record net income and experienced significant
balance sheet growth in a continued COVID-19 environment.
Lisa Pominski
EVP-CHIEF FINANCIAL OFFICER
20 C O N N E C T E D 2 0 2 1 A N N U A L R E P O R T
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TOTAL ASSETS
TOTAL LOANS, NET OF
ALLOWANCE FOR LOAN
LOSSES
$4.5b
$4.0b
$3.5b
$3.0b
$2.5b
$2.0b
$1.5b
$1.0b
$0.5b
0
1
2
0
2
0
2
0
2
18.40%
Increase
in Assets
$2.7b
$2.4b
$2.1b
$1.8b
$1.5b
$1.2b
$0.9b
$0.6b
$0.3b
0
1
2
0
2
0
2
0
2
7.08%
Increase
in Loans
20 C O N N E C T E D 2 0 2 1 A N N U A L R E P O R T
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13.9%
Total Capital to Risk
Weighted Assets
10.37%
Equity to
Assets
8.84%
Increase in
Stockholder's
Equity
Capital
Shareholders’ equity totaled
$413.7 million at December 31,
2021 compared to $380.1
million at December 31, 2020,
an increase of 33.6 million or
8.8%. Return on shareholder’s
equity for 2021 was 12.45%, total
capital to risk weighted assets
was 13.9%, and the equity to
assets ratio was 10.37%.
$413.7
MILLION
Shareholder's Equity
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Holding Company & Stock Information
Wilson Bank Holding Company Directors
William P. Jordan, Chairman; James Anthony Patton;
James F. Comer; J. Randall Clemons; Jack W. Bell;
John C. McDearman III; H. Elmer Richerson; Clinton
M. Swain; Michael G. Maynard; and Deborah Varallo.
Common Stock Market Information
The common stock of Wilson Bank Holding
Company is not traded on an exchange nor is there a
known active trading market. The number of shareholders
of record at February 24, 2022 was 4,563. Based solely
on information made available to the Company from
limited numbers of buyers and sellers, the Company
believes that the following table sets forth the quarterly
range of sale prices for the Company’s stock during the
years 2020 and 2021.
On January, 2020, a $.60 per share cash dividend was
declared and on July 1, 2020, a $.60 per share cash dividend
was declared and paid to shareholders of record on those
dates. On January 1, 2021, a $.60 per share cash dividend
was declared and on July 1, 2021, a $.75 per share cash
dividend was declared and paid to shareholders of record on
those dates. Future dividends will be dependent upon the
Company’s profitability, its capital needs, overall financial
condition and economic and regulatory considerations.
Stock Prices
2020
First Quarter
Second Quarter
Third Quarter
Fourth Quarter
2021
First Quarter
Second Quarter
Third Quarter
Fourth Quarter
High
Low
$ 55.75 $ 54.75
$ 56.75 $ 54.75
$ 60.00 * $ 56.75
$ 58.75 $ 56.75
High
Low
$ 59.80 $ 58.75
$ 60.95 $ 59.80
$ 62.10 $ 60.95
$ 63.25 $ 62.10
* Represents one transaction of 377 shares during the third quarter of 2020 of
which the Company is aware where the sale prices were at least $2.25 higher than
any other trade during the quarter. The volume weighted average stock price
during the third quarter of 2020 was $56.83.
Annual Meeting and Information Contacts
The Annual Meeting of Shareholders of Wilson Bank
Holding Company will be held on Thursday, April 28,
2022 at 6:00 p.m. (CDT) at the Clemons-Richerson
Operations Center, located at 105 North Castle Heights
Avenue, Lebanon, TN 37087.
For further information concerning Wilson Bank
Holding Company or Wilson Bank & Trust, or to obtain
a copy of the Company’s Annual Report on Form 10-K as
filed with the Securities and Exchange Commission, which
is available without charge to shareholders, please contact
Lisa Pominski, CFO, Wilson Bank & Trust, P.O. Box 768,
Lebanon, Tennessee 37088-0768, phone (615) 443-6612.
Wilson Bank Holding Company
Five Year Performance Index
The graph to the right
compares the percentage change
in the unaudited total return
on the Wilson bank Holding
Company’s common stock
against the cumulative total
return of the NASDAQ Index
and the KBW NASDAQ Bank
Index between December 31,
2016 and December 31, 2021.
The graph assumes the value of
the investment in Wilson Bank
Holding Company’s common
stock and each index was $100 at
December 31, 2016 and that all
dividends were reinvested.
l Wilson Bank Holding Company
l NASDAQ Composite Index
l KBW NASDAQ Bank Index
350
300
250
200
150
100
50
12/31/16
12/31/17
12/31/18
12/31/19
12/31/20
12/31/21
Period Ending
Index
12/31/16
12/31/17
12/31/18
12/31/19
12/31/20
12/31/21
Wilson Bank Holding Company
NASDAQ Composite Index
KBW NASDAQ Bank Index
100.00
100.00
100.00
111.53
129.64
118.59
126.42
125.96
97.58
142.14
172.18
132.84
155.83
249.51
119.14
171.56
304.85
164.80
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TOTAL CAPITAL TO RISK
WEIGHTED ASSETS
EQUITY TO
TOTAL ASSETS
TOTAL ASSETS
15.0%
12.0%
9.0%
6.0%
12.0%
10.0%
7.5%
5.0%
$5b
$4b
$3b
$2b
3.0%
1
2
0
2
0
0
2
0
2
9
1
0
2
8
1
0
2
2.5%
1
2
0
2
0
0
2
0
2
9
1
0
2
8
1
0
2
$1b
1
2
0
2
0
0
2
0
2
9
1
0
2
8
1
0
2
LOANS, NET OF ALLOWANCE
FOR LOAN LOSSES
TOTAL DEPOSITS
NET INTEREST
MARGIN
$3.0b
$2.4b
$1.8b
$1.2b
$5.0b
$4.0b
$3.0b
$2.0b
5%
4%
3%
2%
$.60b
1
2
0
2
0
0
2
0
2
9
1
0
2
8
1
0
2
$1.0b
1
2
0
2
0
0
2
0
2
9
1
0
2
8
1
0
2
1%
1
2
0
2
0
0
2
0
2
9
1
0
2
8
1
0
2
RETURN ON
AVERAGE ASSETS
NET INCOME
RETURN ON
AVERAGE EQUITY
2.5%
2.0%
1.5%
1.0%
$50m
$40m
$30m
$20m
15%
12%
9%
6%
0.5%
1
2
0
2
0
0
2
0
2
9
1
0
2
8
1
0
2
$10m
1
2
0
2
0
0
2
0
2
9
1
0
2
8
1
0
2
3%
1
2
0
2
0
0
2
0
2
9
1
0
2
8
1
0
2
BASIC EARNINGS
PER SHARE
WEIGHTED AVERAGE
SHARES OUTSTANDING
AVERAGE
COST OF FUNDS
$5.00
$4.00
$3.00
$2.00
$1.00
0
1
2
0
2
0
2
0
2
9
1
0
2
8
1
0
2
12.5m
10.0m
7.5m
5.0m
2.5m
0
1
2
0
2
0
2
0
2
9
1
0
2
8
1
0
2
1.25%
1.00%
0.75%
0.50%
0.25%
0
1
2
0
2
0
2
0
2
9
1
0
2
8
1
0
2
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W i l s o n B a n k H o l d i n g C o m p a n y
For the years ended December 31,
2021
2020
2019
2018
Equity
Total Capital to Risk Weighted Assets
13.9%
14.3%
15.0%
14.1%
Equity to Total Assets
10.37%
11.28%
12.06%
11.62%
Total Assets
$ 3,989,596,000
$ 3,369,604,000
$ 2,794,209,000
$ 2,543,682,000
Loans, net of allowance for loan losses
$ 2,444,282,000
$ 2,282,766,000
$ 2,057,175,000
$ 2,016,005,000
Total Deposits
$ 3,555,071,000
$ 2,960,595,000
$ 2,417,605,000
$ 2,235,655,000
Net Interest Margin
Return on Average Assets
3.47%
1.35%
3.63%
1.24%
3.81%
1.34%
4.01%
1.35%
For the years ended December 31,
2021
2020
2019
2018
Earnings & Performance Ratios
Net Income
$ 49,426,000
$
38,492,000 $
36,044,000
$
32,594,000
Return on Average Equity
12.45%
10.65%
11.31%
11.70%
Basic Earnings per Share
$
4.44
$
3.52
$
3.36
$
3.09
Weighted Average Shares Outstanding
11,131,897
10,927,065
10,743,269
10,564,172
For the years ended December 31,
2021
2020
2019
Average Cost of Funds
0.38%
0.74%
1.09%
2018
0.75%
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Consolidated Balance Sheets
W i l s o n B a n k H o l d i n g C o m p a n y
ASSETS
Dollars in Thousands
2021
2020
Loans, net of allowance for loan losses of $39,632 and $38,539, respectively
$ 2,444,282
$ 2,282,766
Available-for-sale securities, at market (amortized cost $906,135 and $570,842, respectively)
897,585
580,543
Loans held for sale
Interest bearing deposits
Federal funds sold
Restricted equity securities, at cost
Total earning assets
Cash and due from banks
Premises and equipment, net
Accrued interest receivable
Deferred income taxes
Bank owned life insurance
Goodwill
Other assets
Total assets
11,843
19,474
400,940
304,750
27,055
5,089
675
5,089
3,786,794
3,193,297
25,423
33,431
62,846
58,202
7,641
12,792
7,516
7,089
46,206
35,197
4,805
4,805
43,089
30,067
$3,989,596
3,369,604
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LIABILITIES
Deposits
Federal Home Loan Bank advances
Accrued interest and other liabilities
Total liabilities
Dollars in Thousands
2021
2020
$3,555,071
$ 2,960,595
—
3,638
20,808
25,250
3,575,879
$ 2,989,483
SHAREHOLDERS’ EQUITY
Dollars in Thousands
2021
2020
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
$
21,987
Additional paid-in capital
Retained earnings
Net unrealized gains (losses) on available-for-sale securities, net of taxes of $2,235 and
$2,536, respectively
Total shareholders’ equity
Total liabilities and shareholders’ equity
105,177
93,034
292,452
257,935
(6,315)
7,165
413,717
380,121
$ 3,989,596
$ 3,369,604
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Consolidated Statements
of Earnings
W i l s o n B a n k H o l d i n g C o m p a n y
INTEREST INCOME
Interest and fees on loans
Interest and dividends on securities:
Taxable securities
Exempt from Federal income taxes
Interest on loans held for sale
Interest on Federal funds sold
Interest on interest bearing deposits
Interest and dividends on restricted equity securities
Dollars in Thousands (except per share data)
2021
2020
2019
$ 118,676
$ 113,224
$ 105,783
8,922
1,229
438
13
445
118
7,272
1,102
616
56
582
116
8,559
773
325
275
2,164
198
Total interest income
$ 129,841
$ 122,968
$ 118,077
INTEREST EXPENSE
Interest on negotiable order of withdrawal accounts
Interest on money market accounts and other savings accounts
Interest on certificates of deposit and individual retirement accounts
Interest on Federal funds purchased
Interest on Federal Home Loan Bank advances
878
2,027
7,610
—
133
1,314
4,163
10,939
—
967
2,311
6,855
12,896
4
581
Total interest expense
$
10,648
$
17,383
$
22,647
Net interest income before provision for loan losses
Provision for loan losses
119,193
105,585
1,143
9,696
95,430
2,040
Net interest income after provision for loan losses
$ 118,050
$
95,889
$
93,390
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NON-INTEREST INCOME
Service charges on deposits
Brokerage income
Debit and credit card interchange income
Other fees and commissions
BOLI and annuity earnings
Security gain (losses), net
Fees and gains on sales of mortgage loans
Gain (loss) on sale of other real estate, net
Loss on the sale of fixed assets, net
Gain (loss) on sale of other assets, net
Other income
Dollars in Thousands (except per share data)
2021
2020
2019
$
6,137
6,368
12,029
1,446
1,109
28
9,997
(15)
(43)
6
34
$
5,659
4,837
9,187
1,404
959
882
9,560
658
(63)
(4)
61
$
6,952
4,411
8,301
1,608
723
(268)
6,802
(48)
(128)
(4)
—
Total non-interest income
$
37,096
$
33,140
$
28,349
NON-INTEREST EXPENSE
Employee salaries and benefits
Equity-based compensation
Occupancy expenses
Furniture and equipment expenses
Data processing expenses
Advertising expenses
ATM & interchange fees
Accounting, legal & consulting expenses
FDIC insurance
Directors’ fees
Other operating expenses
Total non-interest expense
Earnings before income taxes
Income taxes
Net earnings
Basic earnings per common share
Diluted earnings per common share
Weighted average common shares outstanding:
Basic
Diluted
52,722
45,661
42,541
1,428
5,473
3,323
6,079
2,736
4,783
988
1,130
686
1,180
5,216
3,267
5,101
2,487
3,880
909
598
634
786
4,789
3,110
4,495
2,498
3,439
1,382
373
586
11,640
11,986
10,629
$
90,988
$
80,919
$
74,628
64,158
14,732
49,426
4.44
4.43
$
$
$
48,110
9,618
38,492
3.52
3.51
$
$
$
47,111
11,067
36,044
3.36
3.35
$
$
$
11,131,897
10,927,065
10,743,269
11,162,956
10,953,746
10,761,467
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Get to know our Board of Directors
Randall remained on the Board
after his retirement as WBT’s
founding CEO in 2019. He
brings valuable experience as
a banker and is a community
leader that is actively involved
in a number of community
activities.
Randall Clemons
RETIRED WBT CEO
Jimmy brings extensive
agricultural expertise, having
been involved in agricultural-
related professions for more
than 20 years. He also has
extensive experience in
making loans and other
extensions of credit to
agricultural borrowers.
Jimmy Comer
COMERICA ENTERPRISES
Jack is a founding Board
member and brings real estate
construction and development
experience as the owner of
a building enterprise that
engages in residential and
commercial construction in the
WBT market areas.
Jack Bell
DIRECTOR; OWNER —
JACK W. BELL BUILDERS, INC.
Will has experience in the real
estate industry as a real estate
investor in Middle Tennessee. He
is also involved in a number of
community and public service
activities and serves on the
Advisory Board of the Rutherford
County branches of the Bank.
Will Jordan
REAL ESTATE INVESTOR AND
FARMING OPERATION PARTNER
Mike brings business experience
in the transportation and paving
industry. His experience and
knowledge of businesses allows
him to offer business insight to
the Board of Directors on a wide
range of matters impacting the
Company’s operations.
Mike Maynard
FOUR STAR PAVING
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After joining Wilson Bank
in 1998, John worked as a
commercial lender and then
a branch manager. He later
returned to the Main Office in
a lending role, and eventually
served as a regional president
before succeeding Elmer
Richerson as president in
2018 and Randall Clemons as
CEO in 2020.
John McDearman
CEO, WILSON BANK
HOLDING COMPANY
Tony is a founding Board
member and his previous
experience in sales and contract
negotiation in the medical
industry gives him insight to
board functions and financials
that allow him to offer expertise
to the Board of Directors on a
wide range of matters impacting
the Company’s operations.
James Anthony Patton
OWNER, C&T FARMS
Clint joined the Board in 2019
and brings experience as a
salesman and business owner.
His years of experience in the
building industry including
management, human resources,
sales, marketing and advertising
allows him to provide the Board
of Directors with a wide range of
valuable expertise.
Clint Swain
CO-OWNER, FAKES & HOOKER
With more than 30 years of
experience, Deborah has excellent
relationships with the media
which includes reporters, editors,
news directors, bloggers, news
producers and community
leaders in non-profit, for-profit
and government entities.
Deborah and her firm have
been involved with numerous
successful projects that required
building community awareness
to generate positive responses.
Deborah Varallo
OWNER, VARALLO PUBLIC
RELATIONS
Elmer remained on the Board
in 2018 after serving as the
bank's President. He brings
experience as a banker and is
a valued community leader
who is actively involved
in a number of community
organizations. His extensive
knowledge of the Bank’s
history allows him to provide
the Board of Directors with
company-specific experience
and expertise.
Elmer Richerson
RETIRED WBT PRESIDENT
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Executive Management
John McDearman
Chief Executive Officer
John Foster
President
Curt Baker
SVP/Lebanon Market
Leader
Damon Bates
SVP/Investment Center
Manager
Chad Colwell
SVP/Dekalb and Smith
County Market Leader
Christy Evans
SVP/Operations
Doug Gold
SVP/Commercial
Lender & Community
Development Leader
John Goodman
SVP/Regional President
Mac Griffin
SVP/Regulatory
Kayla Hawkins
SVP/Reporting Manager
Andy Jakes
SVP/Regional President
Westley James
SVP/Commercial Lending
Stephen Jaquish
SVP/Chief Information
Officer
Scott Jasper
EVP/Chief Retail Officer
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Clark Oakley
EVP/Chief Operating
Officer
Lisa Pominski
EVP/Chief Financial
Officer
Kelly Purdue
SVP/Commercial Lending
Kevin Sanders
SVP/West Wilson
Market Leader
Vickie Shrum
SVP/Human Resources
Director
Tonya Strobel
President Mortgage
Division
Greg Sullins
EVP/Strategy, Quality
and Production
Wes Taylor
SVP/Consumer and Small
Business Lending
Price Thompson
SVP/General Counsel
Amelia Vance
SVP/ Support and Service
Taylor Walker
SVP/Head of Commercial
Lending
Gary Whitaker
EVP/Senior Credit Officer
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623 West Main Street
Lebanon, Tennessee 37087
(61S) 444-BANK (2265)
Wilson Bank and Trust has 29 banking locations throughout Middle Tennessee
Wilson County
Main Office
623 West Main Street
Lebanon, TN 37087
(61S) 444-BANK (2265)
1444 Baddour Pkwy W.
Lebanon, TN 37087
(615) 444-7560
1130 Castle Heights Ave. N.
Lebanon, TN 37087
(615) 443-0492
440 Hwy. 109 N.
Lebanon, TN 37090
(615) 453-1086
200 Tennessee Blvd.
Lebanon, TN 37087
(615) 443-6178
615 S. Cumberland St.
Lebanon, TN 37087
(615) 443-6293
1476 N. Mt. Juliet Rd
Mt. Juliet, TN 37122
(615) 754-0600
8875 Stewarts Ferry Pike
Gladeville, TN 37071
(615) 443-6522
11835 Lebanon Rd
Mt. Juliet, TN 37122
(615) 773-7841
709 S. Mt. Juliet Rd
Mt. Juliet, TN 37122
(615) 773-7900
402 Public Square
Watertown, TN 37184
(615) 237-3302
Davidson County
2930 West End Ave
Nashville, TN 37203
(615) 600-0700
217 Donelson Pike
Nashville, TN 37214
(615) 232-5925
4736 Andrew Jackson Pkwy
Hermitage, TN 37076
(615) 885-0040
DeKalb County
576 W. Broad St.
Smithville, TN 37166
(615) 597-4663
306 Brush Creek Rd.
Alexandria, TN 37012
(615) 529-4663
Putnam County
Sumner County
320 S. Jefferson Ave.
Cookeville, TN 38501
(931) 528-4928
Rutherford County
4195 Franklin Rd.
Murfreesboro, TN 37128
(615) 904-6340
3110 Memorial Blvd
Murfreesboro, TN 37129
(615) 904-6350
710 N.W. Broad St.
Murfreesboro, TN 37129
(615) 867-7777
2640 S. Church St.
Murfreesboro, TN 37127
(615) 904-6330
210 Commerce Dr.
Smyrna, TN 37167
(615) 904-6300
Smith County
1300 Main St. N
Carthage, TN 37030
(615) 735-3990
7 New Middleton Hwy
Gordonsville, TN 38563
(615) 683-3990
455 West Main St.
Gallatin, TN 37066
(615) 442-1470
175 East Main St
Hendersonville, TN 37075
(615) 447-2990
1630 Nashville Pike
Suite 100
Gallatin, TN 37066
615-442-1480
Trousdale County
127 McMurry Blvd
Hartsville, TN 37074
(615) 374-4133
Williamson County
9200 Carothers Pkwy
Suite 108
Franklin, TN 37067
(615) 600-0928
wilsonbank.com
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