Company: WSBC
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000950170-25-030795
Chunk: 228

Company: WESBANCO INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 228
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 )

    Total recoveries

    6,232

    6,535

    6,268

    Net charge-offs

    (13,643
    )

    (4,642
    )

    (1,624
    )

    Balance at end of year:

    Allowance for credit losses - loans

    138,766

    130,675

    117,790

    Allowance for credit losses - loan commitments

    6,120

    8,604

    8,368

    Total ending allowance for credit losses - loans and loan commitments
     
    $
    144,886

    $
    139,279

    $
    126,158

    Allowance for credit losses - loans as a percentage of total portfolio loans

    1.10
    %

    1.12
    %

    1.10
    %

    Allowance for credit losses - loans to non-accrual loans
     
    3.49x

    4.87x

    3.08x

    Allowance for credit losses - loans to total non-performing loans
     
    3.49x

    4.87x

    2.84x

    Allowance for credit losses - loans to total non-performing loans   and loans past due 90 days or more
     
    2.60x

    3.59x

    2.51x

The allowance consists of specific reserves for certain individually-evaluated loans, if any, and a general reserve for all other loans. Commercial loans, including CRE and C&I, that have other unique characteristics are tested individually for potential credit losses.  Specific reserves are established when appropriate for such loans based on the net present value of expected future cash flows of the loan or the estimated realizable value of the collateral, if any. The evaluation also considers qualitative factors such as economic trends and conditions, which includes levels of regional unemployment, real estate values and the impact on specific industries and geographical markets, changes in lending policies and underwriting standards, delinquency and other credit quality trends, concentrations of credit risk, if any, the results of internal loan reviews and examinations by bank regulatory agencies pertaining to the allowance for credit losses. The allowance for collectively-evaluated loans is comprised of factors based on both historical loss experience and other qualitative factors. The allowance for collectively