Wilson Bank & Trust Annual Report 2022

FY2022 Annual Report · Wilson Bank & Trust

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Connected

to our customers, our community and to each other

2022
YEAR IN REVIEW

Inside
4 Cleaning Up
8 Connect Through Compassion
10 Bringing the Best to Chattanooga
14 We're Right by Your Side
16 Giving Back
AND MORE

insideWilson Bank & Trust remains focused
on serving our communities. We’re local.
We’re independent. The people who make
decisions and help you at the window are
your neighbors and friends. As your local,
independent bank, Wilson Bank & Trust
takes a personal approach to business by
providing customized banking solutions
while staying committed to helping our
communities prosper.

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.

31locations

580+

employees

10counties

On the Cover

Nearly 200 WBT employees and their
families joined Habitat for Humanity of
Wilson County to build a home for a local
resident. The build spanned over three
weekends and 10 local restaurants even
joined this community effort by donating
meals each day for the volunteers.

Member FDIC

Connected

2 0 2 2 A N N U A L R E P O R T

2 Letter to Shareholders
4 Shareholder Spotlight:
Cleaning Up
Mitchell brothers partner with
WBT to sustain a business
where ‘all are welcome’ sit
8 Community Spotlight:

Connect Through
Compassion
9 Preventing
Cybercrime

10 Bringing the

Best to Chattanooga
WBT enters the Chattanooga market with a

seasoned group of local lenders

12 Leave a Legacy that Goes

Beyond Money
Raymond James’ Heidi King shares some thoughts
on planning for the next phase of your life

14 Commercial Business Spotlight:

Middle Tennessee’s Hughston
Clinic Orthopedics

departments

16 Giving Back to Our Community
17 Financial Section

30 Board of Directors
32 Executive Management

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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 1

W i l s o n B a n k H o l d i n g C o m p a n y

To Our Shareholders

s we reflect on the previous year, we are proud to say that even through the
fluctuation of economic conditions, your bank remained consistent and true to
its mission of serving our customers and communities first. Our dedication
to supporting local businesses and reinvesting in those economies was a key element of
our success. We often remind ourselves of Wilson Bank & Trust’s humble beginnings,
rooted in the shared belief that banking could mean more than checking accounts and
loans. We are a business built
on purpose, not products.

Continual investment in
technology is always a priority for
the bank but our ability to connect
competitive banking products
with personalized service for our
customers is what sets us apart. It
is our belief that community banks
like ours continue to persist and
thrive because of our people and
their attention to service standards.
Key elements of banking like
compassion and perspective are
human touches which cannot be
replaced by technology. We strive
to ensure that our customers have
access to innovative products and
services without losing sight of
the value of relationships, which
leads to established trust within
our communities. Simply put,
community banks do something
technology cannot – relate.

In celebration of our 35th
year of service, we kicked off the
year by formalizing our employee-
led initiative, the We Believe
Together program. The mission of
this program is to ensure that our
employees feel empowered and
encouraged to be involved with
local organizations of their choosing.
In celebration of our anniversary,
employees from nine counties came
together in partnership with Habitat
for Humanity of Wilson County to
build a bank-sponsored home for
a local resident.

In May, we announced the
official grand opening of Encompass
Home Lending. This newly formed
entity in partnership between Wilson
Bank & Trust and local residential
home builders, Celebration Homes
and Willow Branch Homes, offers
home loans to over 27 residential
communities across Middle
Tennessee.

We were pleased to see
signature bank events like the
Southern Home & Garden
Expo, local fair participation and
Oktoberfest return to pre-pandemic
norms. Each event brought record
breaking attendance and above all,
gave us the opportunity to spend
quality time with teammates and
customers from all of our markets.
Another highlight of 2022 was
being named a Top Workplace by
the Tennessean. This honor just
further solidified what we already
believe, our bank is led by the best
workforce in banking and beyond.
With the continued growth of our
employees in mind, we doubled
down on our commitment to
professional development by
allocating more resources to nurture
and cultivate the talent within our
teams and allow space to build
a career with WBT. Our people
worked diligently throughout
the year to identify and create
efficiencies in an effort to enhance
our customer experience and ease of
doing business. In addition, several
operational teams joined forces
to refine many of our products
ensuring that our services continue
to meet the needs of our customers.
Growth into other markets
within our state has always been part
of the bank’s future plans but we
know timing and finding the right
people to lead those efforts is critical
in deciding to take the leap. In
2022, the leadership of the bank was
presented with the opportunity to
enter the Chattanooga market with
a seasoned group of local bankers in
a position to lead a loan production
office focused on commercial
banking. These three veteran
bankers come to WBT with decades

of banking experience and we are
confident in their ability to lead our
growth efforts in this market.
While we know some economic
challenges lie ahead, we are
optimistic about the days and years
to come for WBT. Together, we
will work to show our customers
and shareholders that we are here
for you even when times are tough.
It’s our intent to continue to step
forward in advancing and enriching
the communities in which we live,
work and play. Community banking
means shared perspective because we
travel the same roads you do, have
known you for years, and appreciate
all you’re trying to accomplish at
every stage of life. Thank you for
allowing us the opportunity to serve
you for the last 35 years and we look
forward to many more to come.

Sincerely.

John C. McDearman, III
President/CEO
Wilson Bank Holding Company

John Foster
President
Wilson Bank & Trust

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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 3

John McDearman,
left and John Foster

S H A R E H O L D E R S P O T L I G H T :

T H E M I T C H E L L F A M I L Y

Cleaning Up

Mitchell Brothers Partner With
WBT to Sustain a Business Where
‘All are Welcome’.

You’ll never see people
from so many different
walks of life chitchatting
about the things coming to
Lebanon. It really made me
realize this was so much
bigger than just business.

Wade Mitchell

PARTNER, QUIK WASH

and his wife, Camille,
moved to Louisville,

WhenWade Mitchell

Kentucky, in 2014, they left one very
important thing at home in Lebanon –
their banking. While they knew they would
eventually move back home to Wilson
County, the decision to keep their accounts
with Wilson Bank & Trust (WBT) stems
primarily from the Mitchell family’s deeply
rooted relationship with the bank.

“We had no interest in ever leaving
Wilson Bank,” Wade explained. “We have
so many relationships and connections
with the bank. The people we’ve grown up
with work there now, and Lebanon is so
near and dear to our hearts.”
Wade felt that, by continuing to bank
with WBT, he could continue to support
his hometown, even if he was nearly 200
miles away. For him, it is not just a financial
institution – it is a part of his upbringing.

Since he was born, Wade, along with
his brother Cale, and his cousins Griffin,
Ford, and Owen, have all received the
same gift from their grandfather, Bobby
Griffin – Wilson Bank shares. Whether
it’s a wedding or a birth, Christmas or a
birthday, Grandad is steadfast in his choice
of gift. It’s never excessive – just enough

to express his affection while teaching his
grandchildren about the stock market.
As Wilson County natives, the
Mitchell family knew the bank’s founders
personally. When Wilson Bank made
its first stock offering in 1987, Grandad
purchased shares, as did Dorie and Tim
Mitchell, Wade and Cale’s parents.
“We always thought it would be

a worthwhile investment because of
the local tie. I knew the people. I had
relationships with them. I felt good
about the decision makers running the
bank,” Dorie explained. “I’ve always been
very community-minded, so I felt very
connected because of its community focus.”
To say she’s community-minded

is a bit of an understatement. In 2001,
Dorie was selected for Leadership Wilson,
a community leadership development
program that serves to identify, train, and
motivate individual citizens in community
leadership. She has been the program’s
Executive Director since 2007. Dorie
is also a licensed Realtor. She and her
business partner DeAnna Dodd own
Dorie and DeAnna Demo and Design,
a home purchasing and restoration
company. WBT has been an important
partner in their endeavors.

Dorie Mitchell holding
her grandson, Camp and
granddaughters, left to right,
Crew and Cross at the family's
Quik Wash in Lebanon.

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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 5

“I can’t imagine doing this
through another bank.”

When Wade and Cale, along
with their wives Camille and
Caroline, started to flex their own
entrepreneurial muscles, they too
turned to WBT. “Wilson Bank &
Trust is all we’ve ever known. Our
entire family uses it, always have,” said
Cale. The ability to work with people
that knew their family has helped
make it happen.
Wade got the idea of opening a
laundromat while living in Louisville.
He learned that laundromats are
essential to the communities in which
they operate. So, when he moved
back to Lebanon, he teamed up with
Cale and looked around for a laundry
business to purchase. He got to know

the owner of Quik Wash, and soon
after, the owner was in a position
to sell it.

After buying the laundromat, the

brothers quickly recognized that the
laundry business is about connecting
with others in a safe and welcoming
space. This became apparent to
Wade one day when he overheard
a conversation at Quik Wash. A
prominent business owner, an
electrician, and a neighbor who had
fallen on hard times were all engaging
in a meaningful discussion about
Lebanon’s growth – as equals.

“You’ll never see people from
so many different walks of life chit-
chatting about the things coming to

Lebanon,” Wade said. “It really made
me realize this was so much bigger
than just a business.”
Wade, Cale, Camille, and
Caroline are committed to ensuring
Quik Wash remains a safe,
comfortable place where all are
welcome, and they do it, not only
with the help of WBT, but their
entire family, as well. “We come
from a family that works hard,” said
Cale. “We taught ourselves how
to do repairs and are fortunate to
have relationships with local experts
to help with larger projects. We’ve
learned a lot since becoming business
owners. It has made us adaptable.”
Every member of the Mitchell clan
lends a hand, whether it is cleaning,
maintaining, and repairing equipment,
managing the bulk laundry drop-off
service, or helping look after Wade’s
three young children. Tim can
be found at the laundromat every
evening and on weekends. As they say,
it takes a village, and in this case, that
village includes WBT.

“We knew having WBT as a

partner in building this business
would add strength to it from the local
perspective,” Wade said. “While doing
business in the bank, the customer
service has been fantastic. It’s been
great to see their level of commitment.
It’s always, ‘How are you guys doing?
Anything we can do? Has everything
worked out?’ I can’t imagine doing this
through another bank.”

As with any small business, Wade
and Cale experience a great deal of ups
and downs, challenges and successes,
but they and their family members are
fueled by the positive impact that this
business has made on the community
they love.

Standing left to right: Cale and Caroline
Mitchell, Wade and Camille Mitchell and
their three children; Cross (4), twins
Camp and Crew(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 7

C O M M U N I T Y S P O T L I G H T

Connect Through
Compassion

Comfort Connections, a Williamson
County based non-profit organization, is
on a mission to connect therapy comfort
dogs with individuals working to heal after
dealing with traumatic experiences. Jeanene
Hupy, its founder, was inspired to establish
this organization after working with students
impacted by the tragic shooting at Sandy Hook
Elementary. It was in this moment, Hupy was
inspired to create a non-profit organization
on a mission to provide a new approach to
compassion and comfort to those in need.
“In the aftermath of a tragedy, often
times students and adults do not possess the
skillset needed to continue comforting one
another after support organizations have
moved on to the next crisis,” said Jeanene
Hupy. “Our goal at Comfort Connections
is to help individuals re-learn the skill of
comfort. Some of the greatest instructors of
compassion and comfort are dogs. It’s no
secret that dogs have been used as therapy
comfort animals for years. Studies have
shown that simply petting a dog has tangible

evidence to reduce high blood pressure,
reduce stress, increase socialization skills, and
improve self-esteem. Dogs are accepting, with
no criticism, and they truly enjoy interacting
with people. Animals can sometimes
understand and fill a need in ways that
humans cannot.”

As a part of the bank’s “We Believe
Together” initiative, the Cool Spring office
partnered with Comfort Connections to help
bring awareness to this organization and its
powerful mission. Throughout the year, WBT
and Comfort Connections worked together
to provide opportunities to cultivate a culture
of acceptance, inclusion, and comfort within
their community. From visits to the local
county fair, to “Hot Dog Day” and “Howl-
O-Ween”, these two teams found various
opportunities to spread awareness about this
incredible cause. Throughout the year, the
comfort dogs made visits to the Cool Springs
office to spread happiness, comfort, and care
through love and acceptance.

Scan here to
learn more

WBT’s Commitment to
Preventing Cybercrime

“It’s important that our customers understand the level
of sophistication these cybercriminals have when gaining
access to personal information. It only takes one moment of
vulnerability to have a significant financial impact. We help
educate our customers and mitigate risk on their behalf.”

Elvis Huff

VICE PRESIDENT -
INFORMATION SECURITY DIRECTOR

Cybercrime by
the Numbers*

$6.9B

Around $6.9 Billion was lost in the
United States in 2022 due to cybercrime.

Technology adds so much
convenience to our lives on a daily
basis and we often take it for granted.
While the banking industry has seen a
number of technology advances making
our lives more convenient, some of
these advancements have also given
cyber criminals more outlets than ever
before to deceive and steal personal
information from consumers. In order
to better protect our customers from
fraud and help mitigate breaches,
Wilson Bank & Trust has assembled
an experienced team of professionals
specifically dedicated to working
around the clock to protect the bank
and its customers from fraud, scams,
and other cybercrimes.
The WBT Security team consists
of four full-time fraud specialists
including two Fraud Investigators and
two Fraud Analysts. In 2022, the WBT
Security team worked over 750 fraud
cases which prevented an estimated $8
million in potential customer losses.
Over 43% of these cases involved a
check (either cashed or deposited). The
largest channel for customer exposure
is currently wire fraud. Wire fraud
accounted for more than $6.5 million
in potential customer losses in 2022
that we were able to avoid due to the
processes and procedures we have put
in place to combat cybercrime.

Two WBT Customer Fraud
Prevention Examples:

#1: Wilson Bank & Trust received
notification of multiple counterfeit
checks attempting to clear the business
checking account. Due to the quick
action of the WBT Security team, they
were able to prevent the checks from
clearing the account. In response, the
WBT Security team and the WBT
Treasury Management Department
worked together to setup a new service
to help prevent fraud—the Positive
Pay Service. Since the inception of this
service, nearly 60 fraudulent checks
have been stopped worth approximately
$245,000. No WBT customer has
experienced loss at this time through
the Positive Pay Service.

#2: The Security team was reviewing an
alert from a wire transfer that was being
sent through a well-established business
customer. After further investigation,
the team established the request was
fraudulent and contacted the business,
discovering that an email had been
compromised when wire instructions
were sent. We were able to avoid
customer loses and recover the funds
due to processes and procedures we put
in place to combat cybercrime.

TOP 3 SCAMS
(NATION-WIDE):

1. Business email compromise
2. Investment scams
3. Romance scams

Losses of
$12.6M

There were 144 victims of business
email scams in Davidson, Rutherford,
Sumner, Williamson, and Wilson
Counties in 2022. The total losses
amounted to $12.6 million.

Scams on the rise
from 2022:

• Remote Access
• Romance Scams
• Wire Fraud
• Cryptocurrency Scam
• Postage Theft

To learn more about how
to prevent fraud, visit
wbtsecurityblog.com.

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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 9

*According to the 2021 FBI IC3 Report

One of the components for
future growth for Wilson Bank &
Trust has always been expansion
into other markets within our
state but timing and hiring the
right people are key factors any
time we consider taking the next
step. With recent disruption
in the banking industry related
to mergers and acquisitions
and an increase in availability
of quality bankers looking to
continue their careers with local
institutions, 2022 provided the
bank an opportunity to enter
the Chattanooga market with a
commercial lending presence.

Kathryn Gann, Ami Ingle and

Alise O’Brien are three veteran
Chattanooga bankers who joined
the WBT team to represent our

brand in this new market. With
nearly 20 years of experience in
the banking industry, Kathryn
Gann was hired as Vice President
and Commercial Lender. Gann
moved to Chattanooga more
than 10 years ago and resides in
Georgetown with her husband.
Joining her, Ami Ingle will serve as
Assistant Vice President and Small
Business Lender. Ingle brings more
than 15 years of experience in
the banking industry, serving in
various roles including bank teller,
treasury sales and lending. She
attended Chattanooga State and
currently resides in Chattanooga.
Lastly, Alise O’Brien rounds out
the team as the Portfolio Manager.
O’Brien has more than 25 years
working in the banking industry

and has served as a commercial
lending assistant for 20 of those
years. She is a graduate of UT
Chattanooga and resides with
her husband and daughter in
Chattanooga.

“We’ve worked with an
expanding list of loan clients in
Hamilton County for many years,
and it was clear that our brand
would be a great fit to expand
into Chattanooga when the
right opportunity came along,”
CEO John McDearman said.
“We’re excited not only to start
serving new loan customers and
building new relationships, but
also to get involved and make a
real difference in the community,
which is a big part of our mission
anytime we grow.”

Chattanooga

Why
Chattanooga?
We believe Chattanooga is a solid growth
market in the state that continues to see
increases in population due to the healthy
economic and business climate. In addition,
most of the major banking competitors in
Chattanooga are banks we already compete
with in other markets, so we like our
chances of seeing success in
this 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 11

Left to right;
Ami Ingle,
Alise O’Brien and
Kathryn Gann

Leave a Legacy
that Goes
Beyond Money

Share Something of Significance
and Pass on so Much More
than Money.

Heidi King
Named Woman
of Distinction
award winner

“The Women of
Distinction award
recognizes women
advisors affiliated
with Raymond James
as we celebrate
extraordinary women
doing extraordinary
work within the
financial planning
profession and in the
community,” said Renée
Baker, head of Advisor
Inclusion Networks at
Raymond James. “This
is an opportunity for the
firm’s leadership and
the Women Financial
Advisors Network to
recognize the efforts of
women and celebrate
their successes in a
genuine way.”

Telling the story behind your passions, you can
leave a true sense of yourself that allows your
family to better value and understand you.

Everyone leaves behind a

unique legacy. For some, it’s
meaningful to pass down

something tangible – an item or heirloom.
For other people, contributing to a cause
that’s close to their heart is what matters
most. Regardless of your priorities, sharing
your life’s passions with your loved ones
is one of the finest ways to create a legacy
that lives on.

Heidi King, CPFA, AAMSTM

Financial Advisor
Raymond James Financial
Services, Inc.

Igniting that Spark of
Connection
Our lives are complex and
multilayered. Connect the dots with
those you cherish by sharing the many
aspects that make you who you are –
your professional life, creative side, civic
contributions, values and family history.
Passing on a meaningful legacy

improves your family ties across
generations. Your children and
grandchildren undoubtedly want to feel
a spark of connection with you and your
life experiences, so take the opportunity
today to share your interests with those
close to you. In telling the story behind
your passions, you can leave a true sense of
yourself that allows your family to better
value and understand you.

Your Legacy Starts Today

Imparting your passions requires some
thought and planning. But, starting today,
you can leave your mark.

Your passions may run the gamut
– doubles tennis, skiing, fine art, jewelry
collecting, repairing antique cars and
so on. Involve your family in the daily
activities, the quiet moments where you

explain how a tool works or why you
enjoy a hard-fought match even if you
don’t win. Consistently sharing your
pastimes with your family can positively
influence how they think about you.
Your loved ones will come to appreciate
your pursuits as they experience your
excitement and passion. This may even
leave them with a lasting desire to follow
in your footsteps.

Talking about what matters to you
most likely comes naturally because it’s
incorporated into your everyday life.
Continue telling people about the things
that bring you true fulfillment, but also
consider writing about them and why
they’re important to you. A memoir or
written record can be kept, stored and
passed down through the generations.
To pass down your interests in
a way that celebrates your life, it will
take thoughtfulness, creativity and
organization. The investment will be
worth it to ensure your legacy is so much
more than the things you’ll leave behind.
You have the power to leave people with
warm memories and a glimpse into your
life’s true spirit.

Next Steps
• Share your passions, interests and
stories with those closest to you.

• Consider the most important parts
of your legacy and who you’d like
to share them with.

• Speak with your financial advisor
about how to gift assets that align
with your legacy.

Speak with an advisor
(615) 443-6509

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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 13

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.

I firmly believe a critical piece of being a local healthcare
provider means creating the opportunity for the community
to receive the same access to cutting edge technology and
solutions without sacrificing convenience.

Dr. Jonathan Cornelius
PRESIDENT OF MIDDLE TENNESSEE’S
HUGHSTON CLINIC ORTHOPEDICS

C O M M E R C I A L B U S I N E S S S P O T L I G H T

We’re Independent, Local
and Right by Your Side.

Dr. Jonathan Cornelius, current President
of Middle Tennessee’s Hughston Clinic
Orthopedics, wasn’t looking to lead a healthcare
practice when the opportunity came along but
his innovative approach to surgical practices
coupled with a trusted network of peers and
patients, made him the obvious choice to help
grow the business to what it is today.

“People shouldn’t need to travel an hour

or more to have access to quality healthcare
services,” said Cornelius. “I firmly believe
a critical piece of being a local healthcare
provider means creating the opportunity for the
community to receive the same access to cutting
edge technology and solutions without sacrificing
convenience. Interacting with patients who care
as much about this community as we do allows
us the opportunity to create more meaningful
relationships along the way.”
Meaningful relationships are exactly what led
Dr. Cornelius to seek a partnership with Wilson
Bank & Trust. Like so many local businesses, the
uncertainty of the pandemic shed new light on
who was really there for locally operated businesses
when times got hard. The pandemic brought a
drastic halt to many healthcare operations, chief
among those being surgical procedures.

“Elective surgeries were cancelled, and no

one knew when surgeons would be allowed
back into the hospital’s operating rooms,” said
Cornelius. “Providers were stretched to the limit
while trying to reassure patients their hopes for
necessary treatments weren’t lost.”

At the time, Cornelius had a pre-existing

banking relationship with another financial

institution and quickly learned the value of
picking up the phone and knowing someone
would be on the other end of the line, willing to
provide solutions. It was his relationships within
the local business community that helped change
the narrative of this business from moments of
doubt to encouragement for the future.

“I met John McDearman when I first came
to Lebanon and was familiar with Wilson Bank
& Trust but wasn’t looking to move our banking
relationship at the time,” said Cornelius. “But
when I was looking for answers and I needed
a partner I could rely on to answer the phone
and find solutions, John was there with options
which helped bridge the gap of uncertain times
and get us where we are today. It started with
one business transaction and led to a full-service
business banking relationship in the end. He
introduced me to a team of people at the bank
who made the transition easy.”

Today, Hughston Clinic Orthopedics
operates nine offices across Middle Tennessee,
including 23 physicians and a surgery center in
its early stages of development.
Dr. Cornelius is board certified with the
American Board of Orthopedic Surgery and was
the first surgeon in Tennessee to adopt the robotic
joint replacement of the knee and hip starting
in 2011. In addition to joint replacement of the
knee, hip and shoulder, he also treats a variety
of sports medicine and trauma conditions. He
is a team sports medicine physician for Wilson
County Schools and currently operates at
Vanderbilt Wilson County Hospital and
Summit Hospital.

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Our
Communities

W i l s o n B a n k H o l d i n g C o m p a n y

The Financials

2022

Where we Live
and Work are
the Heartbeat
of Our Business.

Making an impact on the communities where we live and work has been

a fundamental component of Wilson Bank & Trust’s identity since the
beginning. From supporting local organizations through sponsorships
and donations, to providing every employee with the opportunity to give back to their
community in the way that’s most meaningful to them, our ultimate goal is to make our
local neighborhoods stronger than they were before we entered their market.
In 2022, $590,338 was invested into various nonprofit and community

organizations through sponsorships and donations while nearly $150,000 was
contributed to local schools and sports teams. Through continuous partnership with
local organizations, we hope to help provide meaningful solutions and create better
quality of life for all of our communities.

16 C O N N E C T E D 2 0 2 2 A N N U A L R E P O R T

W I L S O N B A N K H O L D I N G C O M P A N Y 17

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 that
led to record loan growth
and robust deposit growth
that resulted in an overall
increase in net interest
margin.

Wilson Bank reported record high net income

of $53.0 million for the year ended December 31,
2022 compared to $49.4 million for the same
period in 2021. Diluted earnings per share for
the twelve month period ended December 31,
2022 was $4.65 compared to $4.43 for the same
period in 2021.

Net interest income before the provision for credit
losses was $141.4 million for the twelve months ending
December 31, 2022 compared to $118.2 million for the
year ended 2021. This increase was the result of a $27.7
million, or 21.3%, increase in interest income and an
increase of $4.5 million, or 38.6%, in total interest
expense. The net interest margin was 3.70% in 2022 as
compared to 3.44% for 2021. The net interest margin
was positively impacted by the Federal Reserve’s move
to increase the federal funds rate from .25% to 4.50%
during 2022 and record loan growth for the period.
The 2022 provision for credit losses was $8,656,000,
an increase of $7,513,000 from the provision in 2021.
The increase in the provision in 2022 was largely
attributable to an increase in the volume of loans
originated during the period.
Non-interest income for the twelve months ended
December 31, 2022 was $27.4 million compared to
$32.9 million for the same period in 2021. Included in
this decrease is a decrease in fees and gains on sales of
mortgage loans due to the rising rate environment which
contributed to weakened demand for purchase money
mortgage loans and refinancing transactions, offset in
part by gains in our mortgage hedging activities. Also
negatively impacting non-interest income in 2022
was a loss we recognized on the sale of lower yielding
securities due to management's decision to sell securities
due to the rising rate environment to restructure a
portion of the securities portfolio into higher yielding
securities in an effort to increase net interest margin in
future periods. These decreases were offset in part by
an increase in service charges on deposit accounts. We
also saw an increase in debit and credit card interchange
income due to an increase in the number and volume
of debit card and credit card holders and transactions.
Brokerage income increased due to the opening of new
investment accounts as well as growth in assets under
management, which can be attributed to marketing
efforts and overall population growth of the middle
Tennessee markets. In addition, the increase in interest
rates has increased customers' interest in opportunities
to capitalize on products and services provided.

NET INCOME

7.32% INCREASE

$50m

$40m

$30m

$20m

$10m

2
2
0
2

1
2
0
2

NET INTEREST INCOME BEFORE
PROVISION FOR CREDIT LOSSES

19.63% INCREASE

$150m

$120m

$90m

$60m

$30m

2
2
0
2

1
2
0
2

18 C O N N E C T E D 2 0 2 2 A N N U A L R E P O R T

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

Balance Sheet

Wilson Bank reported total assets of $4.3 billion at December 31,
2022 compared to $4.0 billion at December 31, 2021, an increase
of $296.1 million, or 7.4%.

At December 31, 2022 securities were $822.8
million, a decrease of 8.3% from $897.6 million at
December 31, 2021. The decrease in securities was
due to an increase in interest rates that caused the fair
market value of our securities portfolio to decline,
partially offset by the purchase of new securities.

Loans, net of allowance for credit losses, totaled

$3.1 billion at December 31, 2022, a $669.5 million,
or 27.4%, increase compared to December 31, 2021.
This increase resulted from an overall increase in loan
demand across all loan segments, primarily driven by a
robust local housing, construction and commercial real
estate market.
The allowance for credit losses increased to $39.8
million in 2022 compared to $39.6 million in 2021.
On January 1, 2022, we adopted FASB ASU 2016-13,

which introduces the current expected credit losses
(CECL) methodology and requires us to estimate all
expected credit losses over the remaining life of our
loan portfolio. This resulted in a downward adjustment
to the opening balance of the allowance for credit losses
of $7.6 million, which during 2022 was offset by an
increased provision expense principally due to loan
growth. The allowance for credit losses was 1.26% of
outstanding loans at December 31, 2022.

Total deposits were $3.9 billion at December 31,
2022 compared to $3.6 billion at December 31, 2021,
representing growth of $337.6 million, or 9.5%
during 2022. Deposit growth is primarily attributable
to growth in market share which resulted in the
opening of new accounts.

As the CFO of WBT, my staff and I strive on a daily basis to live
out the Bank’s core values which are customer focus, community
centric, faith, integrity, teamwork and success. One of the many
ways we measure success is through financial performance
and the return that we provide to our shareholders. 2022 was
an exceptional year of maximizing earnings and shareholder
return as the bank reported its highest net income in its history
reflecting record loan growth and strong deposit growth from
deepening existing customer relationships and the expansion
into new markets.

Lisa Pominski

EVP-CHIEF FINANCIAL OFFICER

TOTAL ASSETS

TOTAL LOANS, NET OF
ALLOWANCE FOR
CREDIT LOSSES

$4.5b

$4.0b

$3.5b

$3.0b

$2.5b

$2.0b

$1.5b

$1.0b

$0.5b

2
2
0
2

1
2
0
2

7.42%

Increase
in Assets

$3.6b

$3.2b

$2.8b

$2.4b

$2.0b

$1.6b

$1.2b

$0.8b

$0.4b

2
2
0
2

1
2
0
2

27.39%

Increase
in Loans

20 C O N N E C T E D 2 0 2 2 A N N U A L R E P O R T

W I L S O N B A N K H O L D I N G C O M P A N Y 21

13.5%

Total Capital to Risk
Weighted Assets

8.41%

Equity to
Assets

14.36%

Return on
Average Equity

Capital

Shareholders’ equity totaled
$360.5 million at December 31,
2022 compared to $413.7 million
at December 31, 2021, a decrease of
$53.3 million or 12.9%. The decrease
in shareholders equity includes an
increase in net unrealized losses
on available-for-sale securities, net
of taxes, and dividends paid on the
Company’s common stock, partially
offset by net earnings, the issuance
of stock pursuant to the Company’s
Dividend Reinvestment Plan, and
the exercise of stock options. Return
on average shareholder’s equity for
2022 was 14.36%, total capital to risk
weighted assets was 13.5%, and the
equity to assets ratio was 8.41%.

$360.5
MILLION

Shareholder's Equity

Holding Company & Stock Information

Wilson Bank Holding Company Directors

H. Elmer Richerson, Chairman; James Anthony Patton;
James F. Comer; J. Randall Clemons; Jack W. Bell;
William P. Jordan; John C. McDearman III; 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 stockholders
of record at February 22, 2023 was 4,674. 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 common stock during the years
2021 and 2022.
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. On January 1, 2022, a $.75 per share
cash dividend was declared, on April 11, 2022, a $.35
per share cash dividend was declared, and on July 1,
2022, a $0.75 per share cash dividend was declared and
thereafter paid to shareholders of record as of 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

2021
First Quarter
Second Quarter
Third Quarter
Fourth Quarter

2022
First Quarter
Second Quarter
Third Quarter
Fourth Quarter

High
$ 59.80
$ 60.95
$ 62.10
$ 63.25

Low
$ 58.75
$ 59.80
$ 60.95
$ 62.10

Low
$ 63.25
$ 63.25 *

High
$ 64.40
$ 65.55
$ 70.00 ** $ 65.55
$ 67.85

$ 65.55 *

* Represents one transaction of 712 shares during the second quarter of 2022 and one transaction
of 500 shares during the fourth quarter of 2022 of which the Company is aware where the sale
price was at least $1.15 lower than any other trade during the quarter. The volume weighted
average stock price during the second quarter of 2022 was $64.44 and the volume weighted
average stock price during the fourth quarter of 2022 was $67.36.

** Represents one transaction of 2,429 shares during the third quarter of 2022 of which the

Company is aware where the sale price was at least $3.30 higher than any other trade during the
quarter. The volume weighted average stock price during the third quarter of 2022 was $66.14.

Annual Meeting and Information Contacts

The Annual Meeting of Shareholders of Wilson Bank
Holding Company will be held on Tuesday, April 25, 2023
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
Composite Index and the
KBW NASDAQ Bank Index
between December 31, 2017
and December 31, 2022. The
graph assumes the value of the
investment in Wilson Bank
Holding Company’s common
stock and each index was $100 at
December 31, 2017 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

12/31/17

12/31/18

12/31/19

12/31/20

12/31/21

12/31/22

Period Ending

Index

12/31/17

12/31/18

12/31/19

12/31/20

12/31/21 12/31/22

Wilson Bank Holding Company
NASDAQ Composite Index
KBW NASDAQ Bank Index

100.00
100.00
100.00

113.35
97.16
82.29

127.45
132.81
112.01

139.72
192.47
100.46

153.82
235.15
138.97

169.80
158.65
109.23

22 C O N N E C T E D 2 0 2 2 A N N U A L R E P O R T

W I L S O N B A N K H O L D I N G C O M P A N Y 23

TOTAL CAPITAL TO RISK
WEIGHTED ASSETS

EQUITY TO
TOTAL ASSETS

TOTAL ASSETS

15.0%

12.0%

9.0%

6.0%

12.5%

10.0%

7.5%

5.0%

$5b

$4b

$3b

$2b

3.0%

2
2
0
2
0

1
2
0
2

0
2
0
2

9
1
0
2

2.5%

2
2
0
2
0

1
2
0
2

0
2
0
2

9
1
0
2

$1b

2
2
0
2
0

1
2
0
2

0
2
0
2

9
1
0
2

TOTAL LOANS, NET OF
ALLOWANCE FOR CREDIT LOSSES

TOTAL DEPOSITS

NET INTEREST
MARGIN

$3.5b

$2.8b

$2.1b

$1.4b

$5.0b

$4.0b

$3.0b

$2.0b

$.7b

2
2
0
2
0

1
2
0
2

0
2
0
2

9
1
0
2

$1.0b

2
2
0
2
0

1
2
0
2

0
2
0
2

9
1
0
2

2
2
0
2
0

1
2
0
2

0
2
0
2

9
1
0
2

W i l s o n B a n k H o l d i n g C o m p a n y

As of or for the year ended December 31,

2022

2021

2020

2019

Equity

Total capital to risk weighted assets

Equity to assets

Total assets

13.5%

8.41%

13.9%

14.3%

15.0%

10.37%

11.28%

12.06%

$ 4,285,650,000

$ 3,989,596,000

$ 3,369,604,000

$ 2,794,209,000

Loans, net of allowance for credit losses

$ 3,113,796,000

$ 2,444,282,000

$ 2,282,766,000

$ 2,057,175,000

Total deposits

$ 3,892,705,000

$ 3,555,071,000

$ 2,960,595,000

$ 2,417,605,000

Net interest margin

Return on average assets

3.70%

1.29%

3.44%

1.35%

3.60%

1.24%

3.81%

1.34%

As of or for the year ended December 31,

2022

2021

2020

2019

RETURN ON
AVERAGE ASSETS

NET INCOME

RETURN ON
AVERAGE EQUITY

Earnings & Performance Ratios

1.5%

1.2%

0.9%

0.6%

$60m

$48m

$36m

$24m

0.3%

2
2
0
2
0

1
2
0
2

0
2
0
2

9
1
0
2

$12m

2
2
0
2
0

1
2
0
2

0
2
0
2

9
1
0
2

DILUTED EARNINGS
PER SHARE

WEIGHTED AVERAGE
DILUTED SHARES OUTSTANDING

$5.00

$4.00

$3.00

$2.00

$1.00

2
2
0
2

1
2
0
2

0
2
0
2

9
1
0
2

12.5m

10.0m

7.5m

5.0m

2.5m

2
2
0
2

1
2
0
2

0
2
0
2

9
1
0
2

15%

12%

1.25%

1.00%

0.75%

0.50%

0.25%

2
2
0
2

1
2
0
2

0
2
0
2

9
1
0
2

AVERAGE
COST OF FUNDS

2
2
0
2

1
2
0
2

0
2
0
2

9
1
0
2

Net income

53,042,000

49,426,000

38,492,000

36,044,000

Return on average equity

14.36%

12.45%

10.65%

11.31%

Diluted earnings per share

4.65

4.43

3.51

3.35

Weighted average diluted shares outstanding

11,408,924

11,162,956

10,953,746

10,761,467

For the year ended December 31,

2022

2021

2020

2019

Average Cost of Funds

0.49%

0.41%

0.76%

1.09%

24 C O N N E C T E D 2 0 2 2 A N N U A L R E P O R T

W I L S O N B A N K H O L D I N G C O M P A N Y 25

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

2022

2021

LIABILITIES

Loans, net of allowance for credit losses of $39,813 and $39,632, respectively

$ 3,113,796

$ 2,444,282

Deposits:

Available-for-sale securities, at market (amortized cost $972,315 and $906,135, respectively)

822,812

897,585

Noninterest-bearing

Loans held for sale

Interest bearing deposits

Federal funds sold

3,355

11,843

Interest bearing

78,694

400,940

Total deposits

308

27,055

Accrued interest and other liabilities

Restricted equity securities, at cost

4,357

5,089

Total liabilities

Dollars in Thousands

2022

2021

$ 414,905

$ 433,500

3,477,800

3,121,571

3,892,705

3,555,071

32,493

20,808

$ 3,925,198

$ 3,575,879

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

$ 4,023,322

$ 3,786,794

25,787

25,423

62,031

62,846

11,397

7,641

51,323

12,792

58,007

46,206

4,805

48,978

43,089

SHAREHOLDERS’ EQUITY

Dollars in Thousands

2022

2021

Common stock, par value $2.00 per share, authorized 50,000,000 shares, 11,472,181

and 11,201,504 shares issued and outstanding, respectively

22,944

22,403

Additional paid-in capital

Retained earnings

$ 4,285,650

$ 3,989,596

Noncontrolling interest in consolidated subsidiary

122,298

105,177

325,625

292,452

—

Accumulated other comprehensive losses, net of taxes of $39,073 and $2,235, respectively

(110,430)

(6,315)

Total stockholders’ equity

Total liabilities and stockholders’ equity

$ 360,452

$ 413,717

$ 4,285,650

$ 3,989,596

26 C O N N E C T E D 2 0 2 2 A N N U A L R E P O R T

W I L S O N B A N K H O L D I N G C O M P A N Y 27

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)

2022

2021

2020

$ 138,161

$ 118,676

$ 113,224

15,902

1,392

264

111

1,522

188

8,922

1,229

438

445

118

7,272

1,102

616

582

116

Total interest income

$ 157,540

$ 129,841

$ 122,968

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

Interest on finance leases

Total interest expense

2,546

7,021

6,486

—

1,866

2,027

7,610

—

133

—

2,150

4,163

10,939

—

967

—

16,133

11,636

18,219

Net interest income before provision for credit losses

$ 141,407

$ 118,205

$ 104,749

Provision for credit losses - loans

Provision for credit losses - off-balance sheet exposures

8,656

(1,014)

1,143

262

9,696

259

Net interest income after provision for credit losses

$ 133,765

$ 116,800

94,794

NON-INTEREST INCOME

Service charges on deposits

Brokerage income

Debit and credit card interchange income, net

Other fees and commissions

BOLI and annuity earnings

Gain (loss) on sale of securities, net

Fees and gains on sales of mortgage loans

Mortgage servicing income

Gain (loss) on sale of other real estate, net

Gain (loss) on the sale of fixed assets, net

Gain (loss) on sale of other assets, net

Other income (loss)

Total non-interest income

NON-INTEREST EXPENSE

Employee salaries and benefits

Equity-based compensation

Occupancy expenses

Furniture and equipment expenses

Data processing expenses

Advertising expenses

Accounting, legal & consulting expenses

FDIC insurance

Directors’ fees

Other operating expenses

Total non-interest expense

Earnings before income taxes

Income taxes

Net earnings

Net loss attributable to noncontrolling interest

Net earnings attributable to Wilson Bank Holding Company

Basic earnings per common share

Diluted earnings per common share

Weighted average common shares outstanding:

Basic

Diluted

Dollars in Thousands (except per share data)

2022

2021

2020

7,382

6,929

8,416

1,653

1,346

(1,620)

2,973

111

—

291

(69)

6,137

6,368

7,783

1,446

1,109

9,997

—

(15)

(43)

5,659

4,837

5,842

1,404

959

882

9,560

—

658

(63)

(4)

27,420

32,850

29,795

56,707

52,722

45,661

1,864

5,563

3,389

7,727

3,455

1,019

1,527

650

1,428

5,473

3,323

6,079

2,736

988

1,130

686

1,180

5,216

3,267

5,101

2,487

909

598

634

11,208

10,927

11,426

93,109

85,492

76,479

68,076

15,056

64,158

14,732

48,110

9,618

53,020

49,426

38,492

53,042

4.66

4.65

—

49,426

4.44

4.43

—

38,492

3.52

3.51

11,377,617

11,131,897

10,927,065

11,408,924

11,162,956

10,953,746

28 C O N N E C T E D 2 0 2 2 A N N U A L R E P O R T

W I L S O N B A N K H O L D I N G C O M P A N Y 29

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

PREVIOUS OWNER,
FOUR STAR PAVING

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

30 C O N N E C T E D 2 0 2 2 A N N U A L R E P O R T

W I L S O N B A N K H O L D I N G C O M P A N Y 31

Executive Management

John McDearman
Chief Executive Officer

John Foster
President

Scott Jasper
EVP/Chief Retail Officer

Clark Oakley
EVP/Chief Operating
Officer

Lisa Pominski
EVP/Chief Financial
Officer

Taylor Walker

EVP/Chief Credit Officer

Curt Baker
SVP/Lebanon Market
Leader

Damon Bates
SVP/Investment Center
Manager

Patrick Carrin
SVP/Mortgage Director

Chad Colwell
SVP/Dekalb and Smith
County Market Leader

Kelly Purdue
SVP/Commercial Lending

Kevin Sanders
SVP/West Wilson
Market Leader

Paul Shearer
SVP/Credit
Administration

Vickie Shrum
SVP/Human Resources
Director

Rachel Fisher
SVP/Chief Risk Officer

Doug Gold
SVP/Commercial
Lender & Community
Development Leader

John Goodman
SVP/Regional President

Mac Griffin
SVP/Regulatory

Wes Taylor
SVP/Consumer and Small
Business Lending

Price Thompson
SVP/General Counsel

Amelia Vance
SVP/Support and Service

Kayla Hawkins
SVP/Reporting Manager

Andy Jakes

SVP/Regional President

Westley James
SVP/Commercial Lending

Stephen Jaquish
SVP/Chief Information
Officer

32 C O N N E C T E D 2 0 2 2 A N N U A L R E P O R T

wilsonbank.com

Wilson Bank and Trust
has 31 banking locations
throughout Tennessee

Wilson County

Main Office
623 West Main Street
Lebanon, TN 37087
(615) 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

Hamilton County

Chattanooga- Loan
Production Office
1300 Broad Street Suite 200B
Chattanooga, TN 37402
(423) 671-7216

Putnam County

Sumner County

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

5029 Harpeth Drive
Brentwood, TN 37027
(615) 695-8880

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

623 West Main Street | Lebanon, Tennessee 37087 | (615) 444-BANK (2265)