Company: WSBC
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000950170-25-030795
Chunk: 66

Company: WESBANCO INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 66
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.2 million and $261.8 million, respectively.The following table presents the gross realized gains and losses on sales and calls of available-for-sale and held-to-maturity debt securities, as well as gains and losses on equity securities from both sales and market adjustments for the years ended December 31, 2024, 2023 and 2022, respectively.  All gains and losses presented in the table below are included in the net securities gains (losses) line item of the income statement.  For those equity securities relating to the key officer and director deferred compensation plan, the corresponding change in the obligation to the participant is recognized in employee benefits expense. 

        For the Years Ended December 31,

        (in thousands)
         
        2024

        2023

        2022

        Debt securities:

        Gross realized gains
         
        $
        —

        $
        65

        $
        168

        Gross realized losses

        (35
        )

        (302
        )

        (21
        )

        Net (losses) gains on debt securities
         
        $
        (35
        )
         
        $
        (237
        )
         
        $
        147

        Equity securities:

        Unrealized gains (losses) recognized on securities still held
         
        $
        1,443

        $
        1,137

        $
        (1,924
        )

        Net gains (losses) on equity securities
         
        $
        1,443

        $
        1,137

        $
        (1,924
        )

        Net securities gains (losses)
         
        $
        1,408

        $
        900

        $
        (1,777
        )
       
       The corporate and municipal bonds in Wesbanco’s held-to-maturity debt portfolio are analyzed quarterly to determine if an allowance for current expected credit losses is warranted. Wesbanco uses a database of historical financials of all corporate and municipal issuers and actual historic default and recovery rates on rated and non-rated transactions to estimate expected credit losses on an individual security basis. The expected credit losses are adjusted quarterly and are recorded in an allowance for expected credit losses on the balance sheet, which is deducted from the amortized cost basis of the held-to-maturity portfolio as a contra asset. The losses are recorded on the income statement in the provision for credit losses. Accrued interest