Company: WSBC
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000950170-25-030795
Chunk: 229

Company: WESBANCO INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 229
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-evaluated loans decreased $4.0 million or 3.2% from December 31, 2023 to December 31, 2024 due to changes in macroeconomic factors, specifically the yield curve, changes in portfolio mix and changes in qualitative adjustments. The allowance for individually-evaluated loans was $17.8 million at December 31, 2024, an increase of $12.1 million from December 31, 2023. The allowance for loan commitments decreased $2.5 million from December 31, 2023 to December 31, 2024.

58

Table 20 summarizes the allocation of the allowance for credit losses to each category of loans.

TABLE 20. ALLOCATION OF THE ALLOWANCE FOR CREDIT LOSSES

    December 31,

    2024

    2023

    (dollars in thousands)
     
    AllowanceAmount
     
    % of Loans orCommitments toTotal Portfolio Loansor Commitments

    AllowanceAmount
     
    % of Loans orCommitments toTotal Portfolio Loansor Commitments

    Allowance for credit losses - loans:

    Commercial real estate—land and construction
     
    $
    8,411

    10.7

    $
    7,123

    9.1

    Commercial real estate—improved property

    59,828

    47.2

    59,351

    47.2

    Commercial and industrial

    42,398

    14.1

    36,644

    14.4

    Residential real estate

    21,790

    19.9

    21,218

    21.0

    Home equity lines of credit

    1,235

    6.5

    1,017

    6.3

    Consumer

    3,391

    1.6

    3,956

    2.0

    Deposit account overdrafts

    1,713

    —

    1,366

    —

    Total allowance for credit losses - loans

    138,766

    100.0

    130,675

    100.0

    Allowance for credit losses - loan commitments:

    Commercial real estate—land and construction

    5,105

    25.4