Company: WSBC
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000950170-25-030795
Chunk: 99

Company: WESBANCO INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 99
---
ordinated debt is determined primarily by obtaining quoted prices on nationally recognized securities exchanges, if available, or matrix pricing, which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to other similar securities. These securities are classified within level 2 in the fair value hierarchy. Due to the pooled nature of junior subordinated debt owed to unconsolidated subsidiary trusts, which are not actively traded, estimated fair value is determined by using comparable corporate bond indices from the financial services sector and factoring in the applicable credit spreads and optional early redemption provisions.  These securities are classified within level 2 in the fair value hierarchy.  Accrued interest payable:  The carrying amount of accrued interest payable approximates its fair value.Off-balance sheet financial instruments:  Off-balance sheet financial instruments consist of commitments to extend credit, including letters of credit. Fair values for commitments to extend credit are estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present credit standing of the counterparties. The estimated fair value of the commitments to extend credit and letters of credit are insignificant and therefore are not presented in the above tables.

126

NOTE 18. COMPREHENSIVE INCOME/(LOSS)The activity in accumulated other comprehensive income for the years ended December 31, 2024, 2023 and 2022 is as follows: 

        Accumulated Other Comprehensive Income/(Loss) (1)

        (in thousands)
         
        DefinedBenefitPlans

        Unrealized Gains(Losses) on DebtSecuritiesAvailable-for-Sale

        Total

        Balance at December 31, 2021
         
        $
        (398
        )
         
        $
        (4,722
        )
         
        $
        (5,120
        )

        Other comprehensive loss before    reclassifications

        (358
        )

        (257,169
        )

        (257,527
        )

        Amounts reclassified from accumulated other    comprehensive loss

        221

        10

        231

        Period change

        (137
        )

        (257,159
        )

        (257,296
        )

        Balance at December 31, 2022
         
        $
        (535
        )
         
        $
        (261,881