Company: WSBC
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000950170-25-030795
Chunk: 76

Company: WESBANCO INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 76
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) totaling $0.1 million and ($1.0) million relating to the sale and the change in the fair value of the underlying investments funded by Wesbanco's Community Development Corporation was included within the partnerships' net income for the years ended December 31, 2023 and 2022, respectively.  This income is located within net gain (loss) on other real estate owned and other assets on the consolidated statements of income and predominantly relates to the Tech Growth investment, which was sold in 2022 and 2023. The following table presents the scheduled equity commitments to be paid to the limited partnerships over the next five years and in the aggregate thereafter as of December 31, 2024 (in thousands): 

        Year
         
        Amount

        2025
         
        $
        8,270

        2026

        5,737

        2027

        2,123

        2028

        642

        2029

        699

        2030 and thereafter

        1,547

        Total
         
        $
        19,018

NOTE 9. CERTIFICATES OF DEPOSITCertificates of deposit in denominations of $250 thousand or more were $442.8 million and $223.4 million as of December 31, 2024 and 2023, respectively. Interest expense on certificates of deposit of $250 thousand or more was $14.2 million, $4.2 million and $2.0 million for the years ended December 31, 2024, 2023 and 2022, respectively.At December 31, 2024, the scheduled maturities of total certificates of deposit are as follows (in thousands): 

        Year
         
        Amount

        2025
         
        $
        1,605,983

        2026

        66,577

        2027

        20,182

        2028

        17,497

        2029

        16,511

        2030 and thereafter

        182

        Total
         
        $
        1,726,932

106

NOTE 10. FHLB AND OTHER SHORT-TERM BORROWINGSWesbanco is a member of the FHLB system. Wesbanco’s FHLB borrowings, which consist of borrowings from the