Company: WSBC
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000950170-25-030795
Chunk: 212

Company: WESBANCO INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 212
---

    Commercial real estate:

    Land and construction
     
    $
    1,811

    $
    68,147

    $
    59,436

    $
    2,500

    $
    131,894

    $
    160,562

    $
    757,725

    $
    284,533

    $
    17,369

    $
    1,220,189

    Improved property

    192,322

    841,338

    323,456

    17,082

    1,374,198

    593,447

    1,781,567

    1,937,854

    287,532

    4,600,400

    Commercial and industrial

    43,336

    326,397

    204,367

    58,901

    633,001

    373,215

    430,073

    290,096

    60,892

    1,154,276

    Total commercial loans
     
    $
    237,469

    $
    1,235,882

    $
    587,259

    $
    78,483

    $
    2,139,093

    $
    1,127,224

    $
    2,969,365

    $
    2,512,483

    $
    365,793

    $
    6,974,865

The primary factors considered in underwriting CRE—land and construction loans are the overall viability of each project, the experience and financial capacity of the developer or builder to successfully complete the project, market absorption rates and property values. These loans also have the unique risk that the developer or builder may not complete the project, or not complete it on time or within budget. Risk is generally mitigated by extending credit to developers and builders with established reputations who operate in Wesbanco’s markets and have the liquidity or other resources to absorb unanticipated increases in the cost of a project or longer than anticipated absorption, periodically inspecting construction in progress, and disbursing the loan at specified stages of completion. Certification of completed construction by a licensed architect or engineer and performance and payment bonds may also be required for certain types of projects. Since speculative projects are inherently riskier, Wesbanco may require a specified