Company: WSBC
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000950170-25-030795
Chunk: 223

Company: WESBANCO INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 223
---
 32,513

    0.28

Loans past due 30 days or more and accruing interest increased $27.0 million, representing 0.47% of total loans at December 31, 2024, as compared to 0.28% at December 31, 2023. The overall low level of delinquency is the result of management’s continued focus on sound initial underwriting and timely collection of loans at their earliest stage of delinquency.

Non-Performing Assets —Non-performing assets consist of non-accrual loans, OREO and repossessed assets.

Loans are generally placed on non-accrual when they become past due 90 days or more unless they are both well-secured and in the process of collection. Non-accrual loans also include consumer loans that were recently discharged in Chapter 7 bankruptcy but for which the borrower has continued to make payments for less than six consecutive months after the discharge.

OREO consists primarily of property acquired through or in lieu of foreclosure but may also include bank premises held for sale. Repossessed assets primarily consist of automobiles and other types of collateral acquired to satisfy defaulted consumer loans.   

55

Table 17 summarizes non-performing assets.

TABLE 17. NON-PERFORMING ASSETS

    December 31,

    (dollars in thousands)
     
    2024

    2023

    Non-accrual loans:

    Commercial real estate—land and construction
     
    $
    —

    $
    —

    Commercial real estate—improved property

    19,036

    9,557

    Commercial and industrial

    1,897

    1,841

    Residential real estate

    12,524

    10,582

    Home equity lines of credit

    6,208

    4,777

    Consumer

    87

    51

    Total non-accrual loans

    39,752

    26,808

    Total non-performing loans

    39,752

    26,808

    Real estate owned and repossessed assets

    852

    1,497

    Total non-performing assets
     
    $
    40,604

    $
    28,305

    Total portfolio loans
     
    $
    12,656,429

    $