Company: WSBC
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000950170-25-030795
Chunk: 230

Company: WESBANCO INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 230
---
 6,894

    28.6

    Commercial real estate—improved property

    —

    5.2

    —

    5.1

    Commercial and industrial

    —

    38.7

    429

    36.5

    Residential real estate

    1,015

    3.8

    1,276

    4.3

    Home equity lines of credit

    —

    26.0

    5

    24.8

    Consumer

    —

    0.9

    —

    0.7

    Total allowance for credit losses - loan commitments

    6,120

    100.0

    8,604

    100.0

    Total allowance for credit losses
     
    $
    144,886

    $
    139,279

Please refer to Note 5, “Loans and the Allowance for Credit Losses,” of the Consolidated Financial Statements for a summary of changes in the allowance for credit losses applicable to each category of loans. Changes in the allowance for all categories of loans also reflect the net effect of changes in historical loss rates, loan balances, specific reserves and management’s judgment with respect to the impact of qualitative factors on each category of loans. A decrease in the allowance for a particular loan category generally reflects either lower loan balances, historical loss rate changes or reductions in non-performing and/or classified commercial loans. Although the allowance for credit losses is allocated as described in Table 20, the total allowance is available to absorb losses in any category of loans. However, differences between management’s estimation of expected future losses and actual incurred losses in subsequent periods may necessitate future adjustments to the provision for credit losses. Management believes the allowance for credit losses is appropriate to absorb expected future losses at December 31, 2024.

59

DEPOSITS

TABLE 21. DEPOSITS

    December 31,

    (dollars in thousands)
     
    2024

    2023
     
    $ Change
     
    % Change

    Deposits

    Non-interest bearing demand
     
    $
    3,842,758

    $
    3,962,592
     
    $
    (119,834
    )
     
    (3.0
    )

    Interest bearing demand

    3,771,314