Company: WSBC
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000950170-25-030795
Chunk: 203

Company: WESBANCO INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 203
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,024,611

    100.0

(1) California state issued municipal obligations comprise less than 1% of Wesbanco's total California bond holdings.

(2) Contains no state issued Illinois municipal obligations.

(3) Contains obligations in the state of West Virginia totaling $28.5 million or 2.8% of the total municipal portfolio.

45

LOANS AND LOAN COMMITMENTS

Loans represent Wesbanco’s largest balance sheet asset classification and the largest source of interest income. Commercial loans include CRE, which is further differentiated between land and construction, and improved property loans; as well as C&I loans that may or may not be secured by real estate. Retail loans include residential real estate mortgage loans, home equity lines of credit (“HELOC”), and loans for other consumer purposes.

Loan commitments, which are not reported on the balance sheet, represent available balances on commercial and consumer lines of credit, commercial letters of credit, deposit account overdraft protection limits, certain loan guarantee contracts, and approved commitments to extend credit. Approved commitments, which have been accepted by the customer, are included net of any Wesbanco loan balances that are to be refinanced by the new commitment. However, typically not all approved commitments will ultimately be funded.

Loans and loan commitments are summarized in Table 11.

TABLE 11. LOANS AND COMMITMENTS

    December 31,

    2024

    2023

    (dollars in thousands)
     
    Balance
     
    Commitments
     
    Exposure

    Balance
     
    Commitments
     
    Exposure

    LOANS

    Commercial real estate:

    Land and construction
     
    $
    1,352,083
     
    $
    1,110,206
     
    $
    2,462,289

    $
    1,055,865
     
    $
    1,238,440
     
    $
    2,294,305

    Improved property

    5,974,598

    226,649

    6,201,247

    5,509,583

    222,561

    5,732,144

    Total commercial real estate

    7,326,681

    1,336,855

    8,663,536

    6,565,448

    1,461,001