Company: WSBC
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000950170-25-030795
Chunk: 100

Company: WESBANCO INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 100
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 (Non-interest income)

        Related income tax effect

        (236
        )

        (58
        )

        (3
        )
         
        Provision for income taxes

        Net effect on accumulated other comprehensive    income/(loss) for the period

        (224
        )

        183

        10

        Defined benefit plans (2):

        Amortization of net (gain) loss and prior service costs

        (406
        )

        399

        291

        Employee benefits (Non-interest expense)

        Related income tax effect

        122

        (97
        )

        (70
        )
         
        Provision for income taxes

        Gain on settlement of retired employee accounts

        (2,301
        )

        —

        —

        Other non-interest income

        Related income tax effect

        552

        —

        —

        Provision for income taxes

        Net effect on accumulated other comprehensive    income/(loss) for the period

        (2,033
        )

        302

        221

        Total reclassifications for the period
         
        $
        (2,257
        )
         
        $
        485

        $
        231

       (1) For additional detail related to unrealized gains on securities and related amounts reclassified from accumulated other comprehensive income see Note 4, “Securities.”(2) Included in the computation of net periodic pension cost. See Note 13, “Employee Benefit Plans” for additional detail.

127

NOTE 19. COMMITMENTS AND CONTINGENT LIABILITIESCommitments— In the normal course of business, Wesbanco offers off-balance sheet credit arrangements to enable its customers to meet their financing objectives. Those instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the financial statements. Wesbanco’s exposure to credit losses in the event of non-performance by the other parties to the financial instruments for commitments to extend credit and standby letters of credit is limited to the contractual amount of those instruments. Wesbanco uses the same credit policies in making commitments and conditional obligations as for all other lending. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The allowance for credit losses associated with commitments was $6.1 million and