Company: WSBC
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000950170-25-030795
Chunk: 65

Company: WESBANCO INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 65
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 will differ from contractual maturities because borrowers may have the right to call or prepay debt obligations with or without prepayment penalties.  Mortgage-backed securities and collateralized mortgage obligations are classified in the table below based on their contractual maturity date; however, regular principal payments and prepayments of principal are received on a monthly basis. 

        (in thousands)
         
        Amortized Cost

        Fair Value

        Available-for-sale debt securities

        Less than one year
         
        $
        177,566

        $
        177,399

        1-5 years

        227,826

        221,968

        5-10 years

        196,889

        184,824

        Over 10 years

        1,938,826

        1,661,881

        Total available-for-sale debt securities
         
        $
        2,541,107

        $
        2,246,072

        Held-to-maturity debt securities

        Less than one year
         
        $
        35,189

        $
        35,055

        1-5 years

        122,038

        119,148

        5-10 years

        525,746

        472,962

        Over 10 years

        469,933

        379,652

        Total held-to-maturity debt securities
         
        $
        1,152,906

        $
        1,006,817

        Total debt securities
         
        $
        3,694,013

        $
        3,252,889

       Securities with an aggregate fair value of $2.2 billion and $2.1 billion at December 31, 2024 and 2023, respectively, were pledged as security for public and trust funds, and securities sold under agreements to repurchase.  Proceeds from the sale of available-for-sale securities were $31.0 million for the year ended December 31, 2023.   There were no sales of available-for-sale securities for the years ended December 31, 2024 and December 31, 2022. Net unrealized losses on available-for-sale securities included in accumulated other comprehensive income, net of tax, as December 31, 2024, 2023, and 2022 were $223.8 million, $233