Company: WSBC
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000950170-25-030795
Chunk: 103

Company: WESBANCO INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 103
---
 change in other liabilities

        (20
        )

        Net cash provided by operating activities

        554

        Investing Activities

        Decrease in loans

        2,527

        Proceeds from sale of investments

        29

        Net cash provided by investing activities

        2,556

        Financing Activities

        Qualified equity investment by parent company

        —

        Net cash provided by financing activities

        —

        Net increase in cash and cash equivalents

        3,110

        Cash and cash equivalents at beginning of year

        75,520

        Cash and cash equivalents at end of year
         
        $
        78,630

NOTE 21. TRANSACTIONS WITH RELATED PARTIESCertain directors and officers (including their affiliates, families and entities in which they are principal owners) of Wesbanco and its subsidiaries are customers of, or suppliers to, those subsidiaries and have had, and are expected to have, transactions with the subsidiaries in the ordinary course of business. In addition, certain directors are also directors or officers of corporations that are customers of, or suppliers to, the Bank and have had, and are expected to have, transactions with the Bank in the ordinary course of business. In the opinion of management, such transactions are consistent with prudent banking practices and are within applicable banking regulations. Indebtedness of related parties aggregated approximately $3.0 million and $3.3 million as of December 31, 2024 and 2023, respectively. During 2024, $0.1 million in related party loans were funded and $0.4 million were repaid or no longer related. At December 31, 2024 and 2023, none of the outstanding related party loans were past due 90 days or more or on non-accrual.  At December 31, 2024 and 2023, no outstanding related party loans were considered to be an MBEFD. 

NOTE 22. REGULATORY MATTERSThe Federal Reserve Bank is the primary regulator for the parent company, Wesbanco. Wesbanco Bank is a state non-member bank jointly regulated by the FDIC and the West Virginia Division of Financial Institutions. Wesbanco is a legal entity separate and distinct from its subsidiaries and is dependent upon dividends from its subsidiary bank, Wesbanco Bank, to provide funds for the payment of dividends to shareholders, fund its current stock repurchase plan and to provide for other cash requirements. The payment