Mergers and Acquisitions (Tables) - Old Line Bancshares, Inc. [Member]

12 Months Ended

Dec. 31, 2021

Summary of Purchase Price of Acquisition and Resulting Goodwill

The final purchase price of the OLBK acquisition and resulting goodwill is summarized as follows:

(in thousands)	November 22, 2019
Purchase Price:
Fair value of Wesbanco shares issued	$	493,936
Cash consideration for outstanding OLBK shares		16
Total purchase price	$	493,952
Fair value of:
Tangible assets acquired	$	2,891,363
Core deposit and other intangible assets acquired		32,899
Liabilities assumed		(2,722,165	)
Net cash received in the acquisition		60,041
Fair value of net assets acquired		262,138
Goodwill recognized	$	231,814

Allocation of Purchase Price of Assets Acquired and Liabilities Assumed

The following table presents the allocation of the purchase price of the assets acquired and the liabilities assumed at the date of acquisition:

(in thousands)	November 22, 2019
Assets acquired
Cash and due from banks	$	60,041
Securities		182,171
Loans		2,514,061
Goodwill and other intangible assets		264,713
Accrued income and other assets		195,131
Total assets acquired	$	3,216,117
Liabilities assumed
Deposits	$	2,375,574
Borrowings		286,047
Accrued expenses and other liabilities		60,544
Total liabilities assumed	$	2,722,165
Net assets acquired	$	493,952

Purchase Price Allocation Adjustment [Member]

Allocation of Purchase Price of Assets Acquired and Liabilities Assumed

The following table presents the changes in the allocation of the purchase price of the assets acquired and the liabilities assumed at the date of acquisition previously reported as of December 31, 2019:

(in thousands)	November 22, 2019
Goodwill recognized as of December 31, 2019	$	203,774
Change in fair value of net assets acquired:
Assets
Investment securities		(349	)
Loans		(31,532	)
Intangible assets		(692	)
Deferred tax assets		8,166
Premises and equipment		(3,067	)
Accrued income and other assets		(1,314	)
Liabilities
Borrowings		1,283
Accrued expenses and other liabilities		(535	)
Fair value of net assets acquired	$	(28,040	)
Increase in goodwill recognized		28,040
Goodwill recognized as of December 31, 2020	$	231,814