10-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 10-K

(Mark One)

x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2014

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from              to             

Commission File Number 000-08467

WESBANCO, INC.

(Exact name of Registrant as specified in its charter)

WEST VIRGINIA	55-0571723
(State or other jurisdiction of incorporation or organization)	(IRS Employer Identification No.)
1 Bank Plaza, Wheeling, WV	26003
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: 304-234-9000

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Name of each Exchange on which registered
Common Stock $2.0833 Par Value	NASDAQ Global Select Market

Securities registered pursuant to Section 12(g) of the Act: None

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.    Yes  þ    No  ¨

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15 (d) of the Act.    Yes  ¨    No  þ

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  þ    No  ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (section 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  þ    No  ¨

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (section 229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.    þ

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See definitions of “large accelerated filer,” “accelerated filer,” and “smaller reporting company” in Rule 12b-2 of the Exchange Act:

Large accelerated filer  þ	Accelerated filer  ¨
Non-accelerated filer  ¨	Smaller reporting company  ¨
(Do not check if a smaller reporting company)

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act.)    Yes  ¨    No  þ

The aggregate market value of the registrant’s outstanding voting and non-voting common stock held by non-affiliates on June 30, 2014, determined using a per share closing price on that date of $31.04, was $843,146,163.

As of February 20, 2015, there were 38,481,049 shares of WesBanco, Inc. common stock $2.0833 par value per share, outstanding.

DOCUMENTS INCORPORATED BY REFERENCE

Certain specifically designated portions of WesBanco, Inc.’s definitive proxy statement which will be filed by April 30, 2015 for its Annual Meeting of Shareholders (the “Proxy Statement”) to be held in 2015 are incorporated by reference into Part III of this Form 10-K.

WESBANCO, INC.

ANNUAL REPORT ON FORM 10-K

TABLE OF CONTENTS

ITEM #	ITEM	Page No.
	Part I
1	Business		3 - 12
1A	Risk Factors		13 - 20
1B	Unresolved Staff Comments		21
2	Properties		21
3	Legal Proceedings		21 - 22
4	Mine Safety Disclosures		22
	Part II
5	Market for the Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities		23 - 25
6	Selected Financial Data		26 - 28
7	Management’s Discussion and Analysis of Financial Condition and Results of Operations		29 - 72
7A	Quantitative and Qualitative Disclosures about Market Risk		73 - 75
8	Financial Statements and Supplementary Data		78 - 132
9	Changes in and Disagreements with Accountants on Accounting and Financial Disclosure		133
9A	Controls and Procedures		133
9B	Other Information		134
	Part III
10	Directors, Executive Officers and Corporate Governance		135
11	Executive Compensation		135
12	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters		135
13	Certain Relationships and Related Transactions, and Director Independence		135
14	Principal Accounting Fees and Services		136
	Part IV
15	Exhibits and Financial Statement Schedules		137 - 142
	Signatures		143

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PART I

ITEM 1. BUSINESS

GENERAL

WesBanco, Inc. (“WesBanco”), a bank holding company incorporated in 1968 and headquartered in Wheeling, West Virginia, offers a full range of financial services including retail banking, corporate banking, personal and corporate trust services, brokerage services, mortgage banking and insurance. WesBanco offers these services through two reportable segments, community banking and trust and investment services. For additional information regarding WesBanco’s business segments, please refer to Note 21, “Business Segments” in the Consolidated Financial Statements.

At December 31, 2014, WesBanco operated one commercial bank, WesBanco Bank, Inc. (“WesBanco Bank” or the “Bank”), through 120 offices, one loan production office and 107 ATM machines located in West Virginia, Ohio, and western Pennsylvania. Total assets of WesBanco Bank as of December 31, 2014 approximated $6.3 billion. WesBanco Bank also offers trust and investment services and various alternative investment products including mutual funds and annuities. The market value of assets under management of the trust and investment services segment was approximately $3.8 billion as of December 31, 2014. These assets are held by WesBanco Bank in fiduciary or agency capacities for its customers and therefore are not included as assets on WesBanco’s Consolidated Balance Sheets.

On February 10, 2015, WesBanco completed the acquisition of ESB Financial Corporation (“ESB”), a Pennsylvania thrift holding company based in Ellwood City, Pennsylvania with $1.9 billion in assets and 23 branches. The transaction has expanded WesBanco’s franchise in the Pittsburgh and western Pennsylvania region. Post-acquisition, WesBanco operates through 143 offices and 130 ATMs with total assets of approximately $8.3 billion. For more information regarding acquisition please refer to Note 23, “Subsequent Events” in the Consolidated Financial Statements.

WesBanco offers additional services through its non-banking subsidiaries, WesBanco Insurance Services, Inc. (“WesBanco Insurance”), a multi-line insurance agency specializing in property, casualty, life and title insurance, and benefit plan sales and administration for personal and commercial clients; and WesBanco Securities, Inc. (“WesBanco Securities”), a full service broker-dealer, which also offers discount brokerage services.

WesBanco Asset Management, Inc., which was incorporated in 2002, holds certain investment securities and loans in a Delaware-based subsidiary.

WesBanco Properties, Inc. holds certain commercial real estate properties. The commercial property is leased to WesBanco Bank and to certain non-related third parties.

WesBanco has eight capital trusts, nine including ESB, which will still be active as of closing, which are all wholly-owned trust subsidiaries formed for the purpose of issuing trust preferred securities (“Trust Preferred Securities”) and lending the proceeds to WesBanco. For more information regarding WesBanco’s issuance of trust preferred securities please refer to Note 10, “Junior Subordinated Debt Owed to Unconsolidated Subsidiary Trusts” in the Consolidated Financial Statements.

WesBanco Bank’s Investment Department also serves as investment adviser to a family of mutual funds, namely the “WesMark Funds”. The fund family is composed of the WesMark Growth Fund, the WesMark Balanced Fund, the WesMark Small Company Growth Fund, the WesMark Government Bond Fund, and the WesMark West Virginia Municipal Bond Fund.

As of December 31, 2014, none of WesBanco’s subsidiaries were engaged in any operations in foreign countries, and none had transactions with customers in foreign countries.

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EMPLOYEES

There were 1,448 full-time equivalent employees employed by WesBanco and its subsidiaries at December 31, 2014. None of the employees were represented by collective bargaining agreements. WesBanco believes its employee relations to be satisfactory.

WEB SITE ACCESS TO WESBANCO’S FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION

All of WesBanco’s electronic filings for 2014 filed with the Securities and Exchange Commission (the “SEC”), including this Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and amendments to these reports filed or furnished pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, are made available at no cost on WesBanco’s website, www.wesbanco.com, in the “About Us” section through the “Investor Relations” link as soon as reasonably practicable after WesBanco files such material with, or furnishes it to, the SEC. WesBanco’s SEC filings are also available through the SEC’s website at www.sec.gov.

Upon written request of any shareholder of record on December 31, 2014, WesBanco will provide, without charge, a printed copy of this 2014 Annual Report on Form 10-K, including financial statements and schedules, as required to be filed with the SEC. To obtain a copy of this report, contact: Linda Woodfin, WesBanco, Inc., 1 Bank Plaza, Wheeling, WV 26003 (304) 234-9201.

COMPETITION

Competition in the form of price and service from other banks, including local, regional and national banks and financial companies such as savings and loans, internet banks, payday lenders, money services businesses, credit unions, finance companies, brokerage firms and other non-banking companies providing various regulated and non-regulated financial services and products, is intense in most of the markets served by WesBanco and its subsidiaries. WesBanco’s trust and investment services segment receives competition from commercial banks, trust companies, mutual fund companies, investment advisory firms, law firms, brokerage firms and other financial services companies. As a result of consolidation within the financial services industry, mergers between, and the expansion of, financial institutions both within and outside of WesBanco’s major markets have provided significant competitive pressure in those markets. Many of WesBanco’s competitors have greater resources and, as such, may have higher lending limits and may offer other products and services that are not provided by WesBanco. WesBanco generally competes on the basis of superior customer service and responsiveness to customer needs, available loan and deposit products, rates of interest charged on loans, rates of interest paid for deposits, and the availability and pricing of trust, brokerage and insurance services. As a result of WesBanco’s expansion into certain larger Ohio and Pennsylvania metropolitan markets, it has faced entrenched larger bank competitors with an already existing customer base that may far exceed WesBanco’s initial entry position into those markets. As a result, WesBanco may be forced to compete more aggressively for loans, deposits, trust and insurance products in order to grow its market share, potentially reducing its current and future profit potential from such markets.

SUPERVISION AND REGULATION

As a bank holding company and a financial holding company under federal law, WesBanco is subject to supervision and examination by the Board of Governors of the Federal Reserve System (“Federal Reserve Board”) under the Bank Holding Company Act of 1956, as amended (the “BHCA”), and is required to file with the Federal Reserve Board reports and other information regarding its business operations and the business operations of its subsidiaries. WesBanco also is required to obtain Federal Reserve Board approval prior to acquiring, directly or indirectly, ownership or control of certain voting shares of other banks, as described below. Since WesBanco is both a bank holding company and a financial holding company, WesBanco can offer customers virtually any type of service that is financial in nature or incidental thereto, including banking and activities closely related to banking, securities underwriting, insurance (both underwriting and agency) and merchant banking.

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As indicated above, WesBanco presently operates one bank subsidiary, WesBanco Bank. The Bank is a West Virginia banking corporation and is not a member bank of the Federal Reserve System. It is subject to examination and supervision by the Federal Deposit Insurance Corporation (the “FDIC”) and the West Virginia Division of Banking. The deposits of WesBanco Bank are insured by the Deposit Insurance Fund of the FDIC. WesBanco’s non-bank subsidiaries are subject to examination and supervision by the Federal Reserve Board and examination by other federal and state agencies, including, in the case of certain securities activities, regulation by the SEC, the Financial Institution Regulatory Authority (“FINRA”), the Municipal Securities Rulemaking Board and the Securities Investors Protection Corporation. WesBanco Bank maintains one designated financial subsidiary, WesBanco Insurance, which, as indicated above, is a multi-line insurance agency specializing in property, casualty and life insurance, and benefit plan sales and administration, for personal and commercial clients.

WesBanco is also under the jurisdiction of the SEC and certain state securities commissions for matters relating to the offering and sale of its securities. WesBanco is subject to the disclosure and regulatory requirements of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, as administered by the SEC. WesBanco is listed on the NASDAQ Global Select Market (the “NASDAQ”) under the trading symbol “WSBC” and is subject to the rules of the NASDAQ for listed companies.

Under the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994, as amended (the “Riegle-Neal Act”), a bank holding company may acquire banks in states other than its home state, subject to certain limitations. The Riegle-Neal Act also authorizes banks to merge across state lines, thereby creating interstate banking. Under the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”), banks are also permitted to establish de novo branches across state lines to the same extent that a state-chartered bank in each host state would be permitted to open branches.

Under the BHCA, prior Federal Reserve Board approval is required for WesBanco to acquire more than 5% of the voting stock of any bank. In determining whether to approve a proposed bank acquisition, federal banking regulators will consider, among other factors, the effect of the acquisition on competition, the public benefits expected to be received from the acquisition, the projected capital ratios and levels on a post-acquisition basis, and the acquiring institution’s record of addressing the credit needs of the communities it serves, including the needs of low and moderate income neighborhoods, consistent with safe and sound operation of the bank, under the Community Reinvestment Act, as amended (the “CRA”).

HOLDING COMPANY REGULATIONS

As indicated above, WesBanco has one state bank subsidiary, WesBanco Bank, as well as non-bank subsidiaries, which are described further in “Item 1. Business—General” section of this Annual Report on Form 10-K. The subsidiary bank is subject to affiliate transaction restrictions under federal law, which limit “covered transactions” by the subsidiary bank with the parent and any non-bank subsidiaries of the parent, which are referred to in the aggregate in this paragraph as “affiliates” of the subsidiary bank. “Covered transactions” include loans or extensions of credit to an affiliate (including repurchase agreements), purchases of or investments in securities issued by an affiliate, purchases of assets from an affiliate, the acceptance of securities issued by an affiliate as collateral for a loan or extension of credit, the issuance of a guarantee, acceptance or letter of credit on behalf of an affiliate, certain transactions that involve borrowing or lending securities, and certain derivative transactions with an affiliate. Such covered transactions between the subsidiary bank and any single affiliate are limited in amount to 10% of the subsidiary bank’s capital and surplus, and, with respect to covered transactions with all affiliates in the aggregate, are limited in amount to 20% of the subsidiary bank’s capital and surplus. Furthermore, such loans or extensions of credit, guarantees, acceptances and letters of credit, and any credit exposure resulting from securities borrowing or lending transactions or derivatives transactions, are required to be secured by collateral at all times in amounts specified by law. In addition, all covered transactions must be conducted on terms and conditions that are consistent with safe and sound banking practices.

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The Dodd-Frank Act requires a bank holding company to act as a source of financial strength to its subsidiary bank. Under this source of strength requirement, the Federal Reserve Board may require a bank holding company to make capital infusions into a troubled subsidiary bank, and may charge the bank holding company with engaging in unsafe and unsound practices for failure to commit resources to such a subsidiary bank. A capital infusion conceivably could be required at a time when WesBanco may not have the resources to provide it.

PAYMENT OF DIVIDENDS

Dividends from the subsidiary bank are a significant source of funds for payment of dividends to WesBanco’s shareholders. For the year ended December 31, 2014, WesBanco declared cash dividends to its common shareholders of approximately $25.7 million.

As of December 31, 2014, WesBanco Bank was “well capitalized” under the definition in Section 325.103 of the FDIC Regulations. Therefore, as long as the Bank remains “well capitalized” or even becomes “adequately capitalized,” there would be no basis under Section 325.105 to limit the ability of the Bank to pay dividends because it had not become undercapitalized, significantly undercapitalized or critically undercapitalized. Beginning January 1, 2016, WesBanco Bank and WesBanco will be subject to “capital buffer” rules, which will require WesBanco and WesBanco Bank to have capital levels above the regulatory minimums in order to pay dividends (discussed below in connection with the Basel III initiative under “Item 1. Business—Capital Requirements”).

All financial institutions are subject to the prompt corrective action provisions set forth in Section 38 of the Federal Deposit Insurance Act (the “FDI Act”) and the provisions set forth in Section 325.105 of the FDIC Regulations. Immediately upon a state non-member bank receiving notice, or being deemed to have notice, that the bank is undercapitalized, significantly undercapitalized, or critically undercapitalized, as defined in Section 325.103 of the FDIC Regulations, the bank is precluded from being able to pay dividends to its shareholders based upon the requirements in Section 38(d) of the FDI Act, 12. U.S.C. § 1831o(d).

In addition, with respect to possible dividends by the Bank, under Section 31A-4-25 of the West Virginia Code, the prior approval of the West Virginia Commissioner of Banking would be required if the total of all dividends declared by the Bank in any calendar year would exceed the total of the Bank’s net profits for that year combined with its retained net profits of the preceding two years. Further, Section 31A-4-25 limits the ability of a West Virginia banking institution to pay dividends until the surplus fund of the banking institution equals the common stock of the banking institution and if certain specified amounts of recent profits of the banking institution have not been carried to the surplus fund.

If, in the opinion of the applicable regulatory authority, a bank under its jurisdiction is engaged in or is about to engage in an unsafe or unsound practice which, depending on the financial condition of the bank, could include the payment of dividends, such authority may require, after notice and hearing, that such bank cease and desist from such practice. The Federal Reserve Board has issued policy statements which provide that insured banks and bank holding companies should generally only pay dividends out of current operating earnings. Under applicable law, bank regulatory agency approval is required if the total of all dividends declared by a bank in any calendar year exceeds the available retained earnings or exceeds the aggregate of the bank’s net profits (as defined by regulatory agencies) for that year and its retained net profits for the preceding two years. As of December 31, 2014, under FDIC regulations, WesBanco could receive, without prior regulatory approval, a dividend of up to $28.5 million from WesBanco Bank. Additional information regarding dividend restrictions is set forth in Note 19, “Regulatory Matters,” in the Consolidated Financial Statements.

On February 24, 2009, the Federal Reserve Division of Banking Supervision and Regulation issued a letter providing direction to bank holding companies on the payment of dividends, capital repurchases and capital redemptions. Although the letter largely reiterates longstanding Federal Reserve supervisory policies, it

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emphasizes the need for a bank holding company to review various factors when considering the declaration of a dividend or taking action that would reduce regulatory capital provided by outstanding financial instruments. These factors include the potential need to increase loan loss reserves, write down assets and reflect declines in asset values in equity. In addition, the bank holding company should consider its past and anticipated future earnings, the dividend payout ratio in relation to earnings, and adequacy of regulatory capital before any action is taken. The consideration of capital adequacy should include a review of all known factors that may affect capital in the future.

In certain circumstances, defined by regulation relating to levels of earnings and capital, advance notification to, and in some circumstances, approval by the regulator could be required to declare a dividend or repurchase or redeem capital instruments.

FDIC INSURANCE

FDIC insurance premiums are assessed by the FDIC using a risk-based approach that places insured institutions into categories based on capital and risk profiles. In 2014, WesBanco Bank paid deposit insurance premiums less than those paid in 2013 and 2012, despite having a higher assessment base. The decrease was due to WesBanco Bank’s improving capital, net income and loan quality financial ratios used to calculate the assessment rate which gradually decreased assessment expense from $3.5 million in 2012, to $3.4 million in 2013 and to $3.0 million in 2014.

CAPITAL REQUIREMENTS

The Federal Reserve Board has issued risk-based capital ratio and leverage ratio guidelines for bank holding companies. The risk-based capital ratio guidelines establish a systematic analytical framework that makes regulatory capital requirements more sensitive to differences in risk profiles among banking organizations, takes off-balance sheet exposures into explicit account in assessing capital adequacy, and minimizes disincentives to holding liquid, low-risk assets. Under the guidelines and related policies, bank holding companies must maintain capital sufficient to meet both a risk-based asset ratio test and a leverage ratio test on a consolidated basis. The risk-based ratio is determined by allocating assets and specified off-balance sheet commitments into four weighted categories, with higher weightings being assigned to categories perceived as representing greater risk. A bank holding company’s capital is then divided by total risk-weighted assets to yield the risk-based ratio. The leverage ratio is determined by relating core capital to total assets adjusted as specified in the guidelines. The Bank is subject to substantially similar capital requirements.

Generally, under the applicable guidelines, a financial institution’s capital is divided into two tiers. “Tier 1,” or core capital, includes common equity, qualifying noncumulative perpetual preferred stock, and minority interests in equity accounts of consolidated subsidiaries, less goodwill and, with certain limited exceptions, all other intangible assets. In addition, bank holding companies may include certain restricted capital instruments, including qualifying cumulative perpetual preferred stock and qualifying trust preferred securities, in their Tier 1 capital, up to a limit of 25% of Tier 1 capital. (See below within this section for more information regarding the capital treatment of trust preferred securities.)

“Tier 2,” or supplementary capital, includes, among other things, portions of trust preferred securities and cumulative perpetual preferred stock not otherwise counted in Tier 1 capital, as well as perpetual preferred stock, intermediate-term preferred stock, hybrid capital instruments, perpetual debt, mandatory convertible debt securities, term subordinated debt, unrealized holding gains on equity securities, and the allowance for loan and lease losses, all subject to certain limitations. “Total capital” is the sum of Tier 1 and Tier 2 capital. The amount of Tier 2 capital that exceeds the amount of Tier 1 capital must be excluded from the total capital calculation.

The Federal Reserve Board and the other federal banking regulators require that all intangible assets, with certain limited exceptions, be deducted from Tier 1 capital. Under the Federal Reserve Board’s rules, the only

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types of intangible assets that may be included in (i.e., not deducted from) a bank holding company’s capital are readily marketable mortgage servicing assets, non-mortgage servicing assets, and purchased credit card relationships, provided that, in the aggregate, the amount of these items included in capital shall be the lesser of 90% of their fair value or 100% of their book value. The unamortized balance of mortgage servicing rights was approximately $0.7 million at both December 31, 2014 and 2013, respectively.

Under the risk-based guidelines, financial institutions are required to maintain a risk-based ratio, which is total capital to risk-weighted assets, of at least 8%, of which at least 4% must be Tier 1 capital. The appropriate regulatory authority may set higher capital requirements when an institution’s circumstances warrant.

The Federal Reserve Board has established a minimum ratio of Tier 1 capital to total assets of 3.0% for strong bank holding companies rated composite “1” under the RFI/C (D) (“Risk Management,” “Financial Condition,” “Impact,” “Composite Rating” and “Depository Institution”) components rating system for bank holding companies, and for certain bank holding companies that have implemented the Federal Reserve Board’s risk-based capital measure for market risk. For all other bank holding companies, the minimum ratio of Tier 1 capital to total assets is 4.0%. Banking organizations with supervisory, financial, operational, or managerial weaknesses, as well as organizations that are anticipating or experiencing significant growth are expected to maintain capital ratios well above the minimum levels. Moreover, higher capital ratios may be required for any bank holding company if warranted by its particular circumstances or risk profile. In all cases, bank holding companies should hold capital commensurate with the level and nature of the risks, including the volume and severity of problem loans, to which they are exposed. The Federal Reserve Board has also indicated that it will consider a “tangible Tier 1 capital ratio” (deducting all intangibles) and other indications of capital strength in evaluating proposals for expansion or new activities. In its February 24, 2009 supervisory letter, the Federal Reserve Board noted that a bank holding company’s predominant form of tangible capital should be common equity.

Failure to meet applicable capital guidelines could subject a financial institution to a variety of enforcement remedies available to the federal regulatory authorities, including limitations on the ability to pay dividends, the issuance by the regulatory authority of a capital directive to increase capital, and the termination of deposit insurance by the FDIC, as well as to the measures described below under “Prompt Corrective Action” as applicable to undercapitalized institutions.

As of December 31, 2014, WesBanco’s Tier 1 and total capital to risk-adjusted assets ratios were 13.76% and 14.81%, respectively. As of December 31, 2014, WesBanco Bank also had capital in excess of the minimum requirements. Neither WesBanco nor the Bank had been advised by the appropriate federal banking regulator of any specific leverage ratio applicable to it. As of December 31, 2014, WesBanco’s leverage ratio was 9.88%.

As of December 31, 2014, WesBanco had $106.2 million in junior subordinated debt on its Consolidated Balance Sheets presented as a separate category of long-term debt. For regulatory purposes, Trust Preferred Securities totaling $103.0 million underlying such junior subordinated debt were included in Tier 1 capital as of December 31, 2014, in accordance with regulatory reporting requirements. On March 1, 2005, the Federal Reserve Board adopted a rule retaining trust preferred securities in Tier 1 capital, but with stricter quantitative limits and clearer qualitative standards. Under this rule, the aggregate amount of trust preferred securities and certain other capital elements is limited to 25% of Tier 1 capital elements, net of goodwill. The amount of trust preferred securities and certain other elements in excess of the limit could be included in Tier 2 capital, subject to restrictions.

In 2013, the federal banking agencies amended capital requirements to generally exclude trust preferred securities from Tier 1 capital. A grandfather provision, however, permits bank holding companies with consolidated assets of less than $15 billion, such as WesBanco, to continue counting existing trust preferred securities as Tier 1 capital until they mature. For more information regarding trust preferred securities, please refer to Note 10, “Junior Subordinated Debt Owed to Unconsolidated Subsidiary Trusts” in the Consolidated Financial Statements.

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The risk-based capital standards of the Federal Reserve Board and the FDIC specify that evaluations by the banking agencies of a bank’s capital adequacy will include an assessment of the exposure to declines in the economic value of the bank’s capital due to changes in interest rates. These banking agencies issued a joint policy statement on interest rate risk describing prudent methods for monitoring such risk that rely principally on internal measures of exposure and active oversight of risk management activities by senior management.

The federal regulatory authorities’ risk-based capital guidelines are based upon agreements reached by the Basel Committee on Banking Supervision (the “Basel Committee”). The Basel Committee is a committee of central banks and bank supervisors and regulators from the major industrialized countries that develops broad policy guidelines for use by each country’s supervisors in determining the supervisory policies they apply. In December 2010, the Basel Committee issued a strengthened set of international capital and liquidity standards for banks and bank holding companies, known as “Basel III.” In July 2013, the U.S. federal banking agencies issued a joint final rule that implements the Basel III capital standards and establishes the minimum capital levels required under the Dodd-Frank Act. The rule was effective January 1, 2015 subject to a transition period providing for full implementation on January 1, 2019.

The final capital rule establishes the following minimum capital levels banks and bank holding companies will be required to maintain: (i) Tier 1 common equity ratio of at least 4.5%, (ii) Tier 1 capital ratio of at least 6%, (iii) total capital ratio (Tier 1 and Tier 2 capital) of at least 8%; and (iv) a non-risk-based leverage ratio (Tier 1 capital to average consolidated assets) of 4%. Additionally, when the final capital rule is fully implemented, it will require an institution to maintain a 2.5% common equity Tier 1 capital conservation buffer over the minimum risk-based capital requirements to avoid restrictions on the ability to pay dividends, discretionary bonuses to executive officers, and engage in share repurchases. The final capital rule permanently grandfathers trust preferred securities issued before May 19, 2010 for institutions of less than $15 billion in size, subject to a 25% limit of Tier 1 capital. The final capital rule also increases the required capital for certain categories of assets, including high-volatility construction real estate loans and certain exposures related to securitizations and off-balance sheet instruments; however, the final capital rule maintains the current capital treatment of residential mortgages. Under the final capital rule, an institution may make a one-time, permanent election to continue to exclude accumulated other comprehensive income from capital. If an institution does not make this election, unrealized gains and losses will be included in the calculation of its regulatory capital.

PROMPT CORRECTIVE ACTION

The Federal Deposit Insurance Corporation Improvement Act of 1991 (“FDICIA”) requires federal banking regulatory authorities to take “prompt corrective action” with respect to depository institutions that do not meet minimum capital requirements. For these purposes, FDICIA establishes five capital tiers: well-capitalized, adequately capitalized, undercapitalized, significantly undercapitalized, and critically undercapitalized.

An institution is deemed to be “well-capitalized” if it has a total risk-based capital ratio of 10% or greater, a Tier 1 risk-based capital ratio of 6% or greater, and a Tier 1 leverage ratio of 5% or greater, and is not subject to a regulatory order, agreement, or directive to meet and maintain a specific capital level for any capital measure. An institution is deemed to be “adequately capitalized” if it has a total risk-based capital ratio of 8% or greater, a Tier 1 risk-based capital ratio of 4% or greater, and generally a Tier 1 leverage ratio of 4% or greater, and the institution does not meet the definition of a “well-capitalized” institution. An institution that does not meet one or more of the “adequately capitalized” tests is deemed to be “undercapitalized.” If the institution has a total risk-based capital ratio that is less than 6%, a Tier 1 risk-based capital ratio that is less than 3%, or a Tier 1 leverage ratio that is less than 3%, it is deemed to be “significantly undercapitalized.” Finally, an institution is deemed to be “critically undercapitalized” if it has a ratio of tangible equity (as defined in the regulations) to total assets that is equal to or less than 2%. At December 31, 2014, WesBanco Bank had capital levels that met the “well-capitalized” standards under FDICIA and its implementing regulations.

Effective January 1, 2015, an institution is deemed to be “well-capitalized” if it has a total risk-based capital ratio of 10% or greater, a Tier 1 risk-based capital ratio of 8% or greater, a Tier 1 leverage ratio of 5% or greater,

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and a new common equity Tier 1 ratio of 6.5% or greater, and is not subject to a regulatory order, agreement, or directive to meet and maintain a specific capital level for any capital measure. An institution is deemed to be “adequately capitalized” if it has a total risk-based capital ratio of 8% or greater, a Tier 1 risk-based capital ratio of 6% or greater, generally a Tier 1 leverage ratio of 4% or greater, and a new common equity Tier 1 ratio of 4.5% or greater, and the institution does not meet the definition of a “well-capitalized” institution. An institution that does not meet one or more of the “adequately capitalized” tests is deemed to be “undercapitalized.” If the institution has a total risk-based capital ratio that is less than 6%, a Tier 1 risk-based capital ratio that is less than 4%, or a Tier 1 leverage ratio that is less than 3%, it is deemed to be “significantly undercapitalized.” No changes were made to the definition of a “critically undercapitalized” institution.

FDICIA generally prohibits a depository institution from making any capital distribution, including payment of a cash dividend, or paying any management fee to its holding company, if the depository institution would thereafter be undercapitalized. Undercapitalized institutions are subject to growth limitations and are required to submit a capital restoration plan. If any depository institution subsidiary of a holding company is required to submit a capital restoration plan, the holding company would be required to provide a limited guarantee regarding compliance with the plan as a condition of approval of such plan by the appropriate federal banking agency. If an undercapitalized institution fails to submit an acceptable plan, it is treated as if it is significantly undercapitalized. Significantly undercapitalized institutions may be subject to a number of requirements and restrictions, including orders to sell sufficient voting stock to become adequately capitalized, requirements to reduce total assets, and cessation of receipt of deposits from correspondent banks. Critically undercapitalized institutions may not, beginning 60 days after becoming critically undercapitalized, make any payment of principal or interest on their subordinated debt and/or trust preferred securities. In addition, critically undercapitalized institutions are subject to appointment of a receiver or conservator within 90 days of becoming critically undercapitalized.

GRAMM-LEACH-BLILEY ACT

Under the Gramm-Leach-Bliley Act (the “GLB Act”), banks are no longer prohibited from associating with, or having management interlocks with, a business organization engaged principally in securities activities. By qualifying as a “financial holding company,” as authorized under the GLB Act, which WesBanco has done, a bank holding company acquires new powers not otherwise available to it. As indicated above, WesBanco has elected to become a financial holding company under the GLB Act. It also has qualified a subsidiary of the Bank as a financial subsidiary under the GLB Act.

Financial holding company powers relate to “financial activities” that are determined by the Federal Reserve Board, in coordination with the Secretary of the Treasury, to be financial in nature, incidental to an activity that is financial in nature, or complementary to a financial activity, provided that the complementary activity does not pose a safety and soundness risk. The GLB Act itself defines certain activities as financial in nature, including but not limited to: underwriting insurance or annuities; providing financial or investment advice; underwriting, dealing in, or making markets in securities; merchant banking, subject to significant limitations; insurance company portfolio investing, subject to significant limitations; and any activities previously found by the Federal Reserve Board to be closely related to banking.

National and state banks are permitted under the GLB Act, subject to capital, management, size, debt rating, and CRA qualification factors, to have “financial subsidiaries” that are permitted to engage in financial activities not otherwise permissible. However, unlike financial holding companies, financial subsidiaries may not engage in insurance or annuity underwriting; developing or investing in real estate; merchant banking (for at least five years); or insurance company portfolio investing.

DODD-FRANK ACT

The Dodd-Frank Act contains numerous and wide-ranging reforms to the structure of the U.S. financial system. Portions of the Dodd-Frank Act are effective at different times, and many of the provisions are general

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statements directing regulators to draft more detailed rules. Although the full scope of the Dodd-Frank Act’s impact remains somewhat unclear, management expects that it will, over time, reduce revenue and increase expenses.

Bank holding companies will be subjected to increased capital requirements (discussed above under “Item 1. Business—Capital Requirements”). A provision known as the Volcker Rule limits WesBanco’s ability to engage in proprietary trading, as well as its ability to sponsor or invest in hedge funds or private equity funds. In December 2013, U.S. federal banking agencies issued joint final rules implementing this provision. The rules were effective April 1, 2014, and WesBanco is expected to bring its activities and investments into full compliance by July 21, 2017. Additionally, an interim final rule was issued in January 2014 that exempts investments in certain collateralized debt obligations backed primarily by trust preferred securities from the provisions of the Volcker Rule. This interim final rule issued in January 2014 did not have a material impact on WesBanco for the year ended December 31, 2014.

The Dodd-Frank Act makes several changes affecting the securitization markets, which may affect a bank’s ability or desire to use those markets to meet funding or liquidity needs. One of these changes calls for federal regulators to adopt regulations requiring the sponsor of a securitization to retain at least 5% of the credit risk, with exceptions for “qualified residential mortgages.”

Publicly traded companies are required by the Dodd-Frank Act to give shareholders an advisory vote on executive compensation, and, in some cases, golden parachute arrangements. Further, SEC and NASDAQ rulemaking under the Dodd-Frank Act requires NASDAQ-listed companies to have a compensation committee composed entirely of independent directors. WesBanco’s compensation committee members currently satisfy the independence criteria. The Dodd-Frank Act also calls for regulators to issue new rules relating to incentive-based compensation arrangements deemed excessive, and proxy access by shareholders.

All banks and other insured depository institutions will have increased authority to open new branches across state lines (discussed above under “Item 1. Business—Supervision and Regulation”). A provision authorizing insured depository institutions to pay interest on checking accounts will likely increase WesBanco’s interest expenses. The Consumer Financial Protection Bureau (the “Consumer Bureau”), created by the Dodd-Frank Act, has the authority to write rules implementing numerous consumer protection laws applicable to all banks (discussed below under “Item 1. Business—Consumer Protection Laws”).

CONSUMER PROTECTION LAWS

In connection with its lending and leasing activities, all banks are subject to a number of federal and state laws designed to protect consumers and promote lending and other financial services to various sectors of the economy and population. These laws include the Equal Credit Opportunity Act, the Fair Credit Reporting Act, the Truth in Lending Act, the Truth in Savings Act, the Home Mortgage Disclosure Act, the Real Estate Settlement Procedures Act, the Electronic Fund Transfer Act, and, in some cases, their respective state law counterparts. The new Consumer Bureau created by the Dodd-Frank Act now has consolidated authority to write regulations implementing these and other laws. WesBanco’s other subsidiaries that provide services relating to consumer financial products and services will also be subject to the Consumer Bureau’s regulations. As an institution with assets of less than $10 billion, WesBanco Bank will continue to be examined by the FDIC for compliance with these rules. Relating to mortgage lending, the Dodd-Frank Act authorized the Consumer Bureau to issue new regulations governing the ability to repay (“ATR”), qualified mortgages (“QM”), mortgage servicing, appraisals and compensation of mortgage lenders, all of which have been issued and have taken effect. They limit the mortgage products offered by the Bank and have an impact on timely enforcement of delinquent mortgage loans. In addition, the Dodd-Frank Act required the Federal Reserve Board to write rules to limit debit card interchange fees to those “reasonable and proportional” to the cost of transactions, which were effective on October 1, 2011. Even though the limits on debit card interchange fees apply only to institutions with more than $10 billion in assets, market forces may over time limit debit card interchange fees as a source of revenue for all banks, including smaller banks like WesBanco Bank. These rules were promulgated but recently determined to be invalid by a Federal District Court, which decision was reversed on appeal so they are still in effect.

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Federal law currently contains extensive customer privacy protection provisions. Under these provisions, a financial institution must provide to its customers, at the inception of the customer relationship and annually thereafter, the institution’s policies and procedures regarding the handling of customers’ nonpublic personal financial information. These provisions also provide that, except for certain limited exceptions, an institution may not provide such personal information to unaffiliated third parties unless the institution discloses to the customer that such information may be so provided and the customer is given the opportunity to opt out of such disclosure. Federal law makes it a criminal offense, except in limited circumstances, to obtain or attempt to obtain customer information of a financial nature by fraudulent or deceptive means.

The CRA requires WesBanco Bank’s primary federal bank regulatory agency, the FDIC, to assess WesBanco Bank’s record in meeting the credit needs of the communities served by the bank, including low and moderate-income neighborhoods and persons. Institutions are assigned one of four ratings: “Outstanding,” “Satisfactory,” “Needs to Improve” or “Substantial Noncompliance.” This assessment is reviewed when a bank applies to merge or consolidate with or acquire the assets or assume the liabilities of an insured depository institution, or to open or relocate a branch office. WesBanco Bank’s current CRA rating is “Outstanding” as a result of an FDIC exam in 2013.

SECURITIES REGULATION

WesBanco’s full service broker-dealer subsidiary, WesBanco Securities, is registered as a broker-dealer with the SEC and in the states in which it does business. WesBanco Securities also is a member of FINRA. WesBanco Securities is subject to regulation by the SEC, FINRA and the securities administrators of the states in which it is registered. WesBanco Securities is a member of the Securities Investor Protection Corporation, which in the event of the liquidation of a broker-dealer, provides protection for customers’ securities accounts held by WesBanco Securities of up to $500,000 for each eligible customer, subject to a limitation of $250,000 for claims for cash balances.

In addition, WesBanco Bank’s Investment Department serves as an investment adviser to a family of mutual funds and is registered as an investment adviser with the SEC and in some states.

ANTI-MONEY LAUNDERING INITIATIVES AND THE USA PATRIOT ACT

A major focus of governmental policy on financial institutions in recent years has been aimed at combating money laundering and terrorist financing. The USA PATRIOT Act of 2001 (the “USA Patriot Act”) substantially broadened the scope of United States anti-money laundering laws and regulations by imposing significant new compliance and due diligence obligations, creating new crimes and penalties and expanding the extra-territorial jurisdiction of the United States. The United States Treasury Department has issued various implementing regulations which apply certain requirements of the USA Patriot Act to financial institutions, such as WesBanco Bank and WesBanco’s broker-dealer subsidiary. These regulations impose obligations on financial institutions to maintain appropriate policies, procedures and controls to detect, prevent and report money laundering and terrorist financing and to verify the identity of their customers. Failure of WesBanco and its subsidiaries to maintain and implement adequate programs to combat money laundering and terrorist financing, or to comply with all of the relevant laws or regulations, could have serious legal and reputational consequences for WesBanco and its subsidiaries.

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ITEM 1A. RISK FACTORS

The risks described below are not the only ones we face in our business. Additional risks and uncertainties not presently known to us or that we currently believe to be immaterial may also impair our business operations. If any of the following risks occur, our business, financial condition or operating results could be materially harmed.

DUE TO INCREASED COMPETITION, WESBANCO MAY NOT BE ABLE TO ATTRACT AND RETAIN BANKING CUSTOMERS AT CURRENT LEVELS.

WesBanco operates in a highly competitive banking and financial industry that could become even more competitive as a result of legislative, regulatory and technological changes. WesBanco faces banking competition in all the markets it serves from the following:

• local, regional and national banks;

• savings and loans;

• internet banks;

• credit unions;

• payday lenders and money services businesses;

• finance companies; and

• brokerage firms serving WesBanco’s market areas.

In particular, the Bank’s competitors include several major national financial companies whose greater resources may afford them a marketplace advantage by enabling them to maintain numerous banking locations and mount extensive promotional and advertising campaigns. Additionally, banks and other financial institutions may have products and services not offered by WesBanco, which may cause current and potential customers to choose those institutions. Areas of competition include interest rates for loans and deposits, efforts to obtain deposits and range and quality of services provided. If WesBanco is unable to attract new and retain current customers, loan and deposit growth could decrease, causing WesBanco’s results of operations and financial condition to be negatively impacted.

WESBANCO MAY NOT BE ABLE TO EXPAND ITS TRUST AND INVESTMENT SERVICES SEGMENT AND RETAIN ITS CURRENT CUSTOMERS.

WesBanco may not be able to attract new and retain current investment management clients due to competition from the following:

• commercial banks and trust companies;

• mutual fund companies;

• investment advisory firms;

• law firms;

• brokerage firms; and

• other financial services companies.

Its ability to successfully attract and retain investment management clients is dependent upon its ability to compete with competitors’ investment products, level of investment performance, client services and marketing and distribution capabilities. Due to changes in economic conditions, the performance of the trust and investment services segment may be negatively impacted by the financial markets in which investment clients’ assets are invested, causing clients to seek other alternative investment options. If WesBanco is not successful, its results from operations and financial position may be negatively impacted.

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CUSTOMERS MAY DEFAULT ON THE REPAYMENT OF LOANS WHICH COULD SIGNIFICANTLY IMPACT RESULTS OF OPERATIONS THROUGH INCREASES IN THE PROVISION AND ALLOWANCE FOR LOAN LOSSES.

The Bank’s customers may default on the repayment of loans, which may negatively impact WesBanco’s earnings due to loss of principal and interest income. Increased operating expenses may result from the allocation of management time and resources to the collection and work-out of the loan. Collection efforts may or may not be successful causing WesBanco to write off the loan or repossess the collateral securing the loan, which may or may not exceed the balance of the loan.

WesBanco maintains an allowance for loan losses, which is a reserve established through a provision for loan losses charged to expense, to provide for probable incurred losses in our loan portfolio. Management evaluates the adequacy of the allowance for loan losses at least quarterly, which includes testing certain individual loans as well as collective pools of loans for impairment. This evaluation includes an assessment of actual loss experience within each category of the portfolio, individual commercial and commercial real estate loans that exhibit credit weakness; current economic events, including employment statistics, trends in bankruptcy filings, and other pertinent factors; industry or geographic concentrations; and regulatory guidance.

WesBanco’s regulatory agencies periodically review the allowance for loan losses. Based on their assessment the regulatory agencies may require WesBanco to adjust the allowance for loan losses. These adjustments could negatively impact WesBanco’s results of operations or financial position.

ECONOMIC CONDITIONS IN WESBANCO’S MARKET AREAS COULD NEGATIVELY IMPACT EARNINGS.

WesBanco Bank serves both individuals and business customers throughout West Virginia, Ohio and western Pennsylvania. The substantial majority of WesBanco’s loan portfolio is to individuals and businesses in these markets. As a result, the financial condition, results of operations and cash flows of WesBanco are affected by local and regional economic conditions. A downturn in these economies could have a negative impact on WesBanco and the ability of the Bank’s customers to repay their loans. The value of the collateral securing loans to borrowers may also decline as the economy declines. As a result, deteriorating economic conditions in these markets could cause a decline in the overall quality of WesBanco’s loan portfolio requiring WesBanco to charge-off a higher percentage of loans and/or increase its allowance for loan losses. A decline in economic conditions in these markets may also force customers to utilize deposits held by WesBanco Bank in order to pay current expenses causing the Bank’s deposit base to shrink. As a result the Bank may have to borrow funds at higher rates in order to meet liquidity needs. Lower oil and gas prices may reduce shale gas activity in the region which may negatively affect local and regional economic conditions. These events may have a negative impact on WesBanco’s earnings and financial condition.

CURRENT MARKET INTEREST RATES AND COST OF FUNDS MAY NEGATIVELY IMPACT WESBANCO’S BANKING BUSINESS.

Fluctuations in interest rates may negatively impact the business of the Bank. The Bank’s main source of income from operations is net interest income, which is equal to the difference between the interest income received on interest-bearing assets (usually loans and investment securities) and the interest expense incurred in connection with interest-bearing liabilities (usually deposits and borrowings). These rates are highly sensitive to many factors beyond WesBanco’s control, including general economic conditions, both domestic and foreign, and the monetary and fiscal policies of various governmental and regulatory authorities. WesBanco Bank’s net interest income can be affected significantly by changes in market interest rates. Changes in relative interest rates may reduce the Bank’s net interest income as the difference between interest income and interest expense decreases. As a result, the Bank has adopted asset and liability management policies to minimize the potential adverse effects of changes in interest rates on net interest income, primarily by altering the mix and maturity of

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loans, investments and funding sources. However, even with these policies in place, WesBanco cannot be certain that changes in interest rates or the shape of the interest rate yield curve will not negatively impact its results of operations or financial position.

WesBanco’s cost of funds for banking operations may not decrease at the same pace as asset yields, particularly in the current interest rate environment, where certain rates are subject to artificial floors or are close to 0%. Cost of funds also may increase as a result of future general economic conditions, interest rates and competitive pressures. The Bank has traditionally obtained funds principally through deposits and wholesale borrowings. As a general matter, deposits are a cheaper source of funds than borrowings because interest rates paid for deposits are typically less than interest rates charged for borrowings. If, as a result of general economic conditions, market interest rates, competitive pressures or otherwise, the value of deposits at the Bank decreases relative to its overall banking operations, the Bank may have to rely more heavily on borrowings as a source of funds in the future.

SIGNIFICANT DECLINES IN U.S. AND FOREIGN MARKETS COULD HAVE A NEGATIVE IMPACT ON WESBANCO’S EARNINGS.

The capital and credit markets have experienced extreme disruption in recent years. These conditions resulted in less liquidity, greater volatility, widening of credit spreads and a lack of price transparency in certain asset types. In many cases, the markets have exerted downward pressure on stock prices, security prices and credit capacity for certain issuers without regard to those issuers’ underlying financial strength. Sustained weakness in business and economic conditions in any or all of the domestic or foreign financial markets could result in credit deterioration in investment securities held by us, rating agency downgrades for such securities or other market factors that (such as lack of liquidity for re-sales, absence of reliable pricing information or unanticipated changes in the competitive market) could result in us having to recognize other-than-temporary impairment in the value of such investment securities, with a corresponding charge against earnings. Furthermore, our pension assets are primarily invested in equity and debt securities, and weakness in capital and credit markets could result in deterioration of these assets, and changes in certain key pension assumptions based on current interest rates, long-term rates of return and other economic or actuarial assumptions may increase minimum funding contributions and future pension expense. If the markets deteriorate further, these conditions may be material to WesBanco’s ability to access capital and may adversely impact results of operations.

Further, WesBanco’s trust and investment services income could be impacted by fluctuations in the securities market. A portion of this revenue is based on the value of the underlying investment portfolios. If the values of those investment portfolios decline, the Bank’s revenue could be negatively impacted.

RISKS INHERENT IN MUNICIPAL BONDS COULD HAVE A NEGATIVE IMPACT ON WESBANCO’S EARNINGS.

As of December 31, 2014, approximately 40% of WesBanco’s total securities portfolio was invested in municipal bonds. Although WesBanco’s municipal portfolio is broadly spread across the U.S., any downturn in the economy of a state or municipality in which WesBanco holds municipal obligations could increase the default risk of the respective debt. In addition, a portion of WesBanco’s municipal portfolio is comprised of Build America bonds. Due to the current government sequester reducing the interest subsidy that the government provides to the issuing municipalities, extraordinary redemption provisions (ERP) may be executed by the municipality if it is in their favor to do so. There is a risk that when an ERP is executed, WesBanco may not recover its amortized cost in the bond if it was purchased at a premium. Credit risks are also prevalent when downgrades of credit ratings are issued by major credit rating agencies, which are caused by creditworthiness issues of both bond insurers and the municipality itself. Credit rating downgrades to a non-investment grade level may force WesBanco to sell a municipal bond at a price where amortized cost may not be recovered. Any of the above default risks, early redemption risks and credit risks could cause WesBanco to take impairment charges, which could be significant, that would negatively impact earnings.

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WESBANCO MAY BE REQUIRED TO WRITE DOWN GOODWILL AND OTHER INTANGIBLE ASSETS, CAUSING ITS FINANCIAL CONDITION AND RESULTS TO BE NEGATIVELY AFFECTED.

When WesBanco acquires a business, a portion of the purchase price of the acquisition is allocated to goodwill and other identifiable intangible assets. The amount of the purchase price which is allocated to goodwill and other intangible assets is determined by the excess of the purchase price over the net identifiable assets acquired. Under current accounting standards, if WesBanco determines that goodwill or intangible assets are impaired, it is required to write down the carrying value of these assets. WesBanco conducts an annual review to determine whether goodwill and other identifiable intangible assets are impaired. WesBanco completed such an impairment analysis in 2014 and concluded that no impairment charge was necessary for the year ended December 31, 2014. WesBanco cannot provide assurance that it will not be required to take an impairment charge in the future. Any impairment charge would have a negative effect on its shareholders’ equity and financial results and may cause a decline in our stock price.

SUITABLE ACQUISITION OPPORTUNITIES MAY NOT BE AVAILABLE TO WESBANCO IN THE FUTURE.

WesBanco continually evaluates opportunities to acquire other businesses. However, WesBanco may not have the opportunity to make suitable acquisitions on favorable terms in the future, which could negatively impact the growth of its business. WesBanco expects that other banking and financial companies, many of which have significantly greater resources, will compete to acquire compatible businesses. This competition could increase prices for acquisitions that WesBanco would likely pursue, and its competitors may have greater resources than it does. Also, acquisitions of regulated businesses such as banks are subject to various regulatory approvals. If WesBanco fails to receive the appropriate regulatory approvals, it will not be able to consummate an acquisition that it believes is in its best interests.

WESBANCO IS SUBJECT TO EXTENSIVE GOVERNMENT REGULATION AND SUPERVISION.

WesBanco is subject to extensive federal and state regulation, supervision and examination. Banking regulations are primarily intended to protect depositors’ funds, federal deposit insurance funds and the banking system as a whole, rather than corporate shareholders. These regulations affect WesBanco’s lending practices, capital structure, investment practices, dividend policy, operations and growth, among other things. These regulations also impose obligations to maintain appropriate policies, procedure and controls. Congress and federal regulatory agencies continually review banking laws, regulations and policies for possible changes. Changes to statutes, regulations or regulatory policies, including changes in interpretation or implementation of statutes, regulations or policies, could affect WesBanco in substantial and unpredictable ways. Such changes could subject WesBanco to additional costs, limit the types of financial services and products that could be offered, and/or increase the ability of non-banks to offer competing financial services and products, among other things. Failure to comply with laws, regulations or policies could result in sanctions by regulatory agencies, civil penalties and/or reputation damage, which could have a material adverse effect on WesBanco’s business, financial condition and result of operations.

As of December 31, 2014, WesBanco had $106.2 million in junior subordinated debt presented as a separate category of long-term debt on its Consolidated Balance Sheets. For regulatory purposes, Trust Preferred Securities totaling $103.0 million underlying such junior subordinated debt are included in Tier 1 capital in accordance with regulatory reporting requirements. On March 1, 2005, the Federal Reserve Board adopted a rule that retains trust preferred securities in Tier 1 capital, but with stricter quantitative limits and clearer qualitative standards. Under the rule, the aggregate amount of trust preferred securities and certain other capital elements is limited to 25% of Tier 1 capital elements, net of goodwill. The amount of trust preferred securities and certain other elements in excess of the limit can be included in Tier 2 capital, subject to restrictions. The Dodd-Frank Act required the federal banking agencies to develop new consolidated capital requirements applicable to bank

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holding companies and banks. Rules issued in 2013 will generally exclude trust preferred securities from Tier 1 capital beginning in 2015. A grandfather provision will permit bank holding companies with consolidated assets of less than $15 billion, such as WesBanco, to continue counting existing trust preferred securities as Tier 1 capital until they mature.

In addition, new international capital standards known as Basel III, which were implemented by a U.S. federal banking agencies’ joint final rule issued in July 2013, will further increase the minimum capital requirements applicable to WesBanco and WesBanco Bank, which may negatively impact WesBanco and the Bank. Additional information about these changes in capital requirements are described above in “Item 1. Business—Capital Requirements.”

Regulation of WesBanco and its subsidiaries is expected to continue to expand in scope and complexity in the future. These laws are expected to have the effect of increasing WesBanco’s costs of doing business and reducing its revenues, and may limit its ability to pursue business opportunities or otherwise adversely affect its business and financial condition. The Dodd-Frank Act and other laws, as well as rules implementing or related to them, may adversely affect WesBanco. Specifically, any governmental or regulatory action having the effect of requiring WesBanco to obtain additional capital could reduce earnings and have a material dilutive effect on current shareholders, including the Dodd-Frank Act source of strength requirement that bank holding companies make capital infusions into a troubled subsidiary bank. Legislation and regulation of debit card fees, credit cards and other bank services, as well as changes in WesBanco’s practices relating to those and other bank services, may affect WesBanco’s revenue and other financial results. Additional information about increased regulation is provided in “Item 1. Business” under the headings “Supervision and Regulation,” “Holding Company Regulations,” “Capital Requirements,” “Dodd-Frank Act,” and “Consumer Protection Laws.”

WesBanco is also subject to tax laws and regulations promulgated by the United States government and the states in which it operates. Changes to these laws and regulations or the interpretations of such laws and regulations by taxing authorities could impact future tax expense and the value of deferred tax assets.

LIMITED AVAILABILITY OF BORROWINGS AND LIQUIDITY FROM THE FEDERAL HOME LOAN BANK SYSTEM AND OTHER SOURCES COULD NEGATIVELY IMPACT EARNINGS.

WesBanco Bank is currently a member bank of the Federal Home Loan Bank (“FHLB”) of Pittsburgh, and retains certain short-term borrowings from the FHLB of Cincinnati from prior bank acquisitions, but is no longer considered a member bank of such FHLB. Membership in this system of quasi-governmental, regional home-loan oriented agency banks allows us to participate in various programs offered by the FHLB. We borrow funds from the FHLB, which are secured by a blanket lien on certain residential and commercial mortgage loans, and if applicable, investment securities with collateral values in excess of the outstanding balances. Current and future earnings shortfalls and minimum capital requirements of the FHLB may impact the collateral necessary to secure borrowings and limit the borrowings extended to their member banks, as well as require additional capital contributions by member banks. Should this occur, WesBanco’s short-term liquidity needs could be negatively impacted. If WesBanco was restricted from using FHLB advances due to weakness in the system or with the FHLB of Pittsburgh, WesBanco may be forced to find alternative funding sources. If WesBanco is required to rely more heavily on higher cost funding sources, revenues may not increase proportionately to cover these costs, which would adversely affect WesBanco’s results of operations and financial position.

The FHLB of Pittsburgh paid dividends in 2014 at an annualized rate of 3.84% resulting in dividend income of $0.4 million. Beginning in 2013 and continuing through 2014, they repurchased all remaining amounts of excess stock held by member institutions. Both the payment of dividends and repurchase of excess stock were suspended in late 2008 with the stock repurchase restored in late 2010 and the payment of dividends restored in February 2012. The FHLB has noted future dividend payments and capital stock repurchases will continue to be reviewed on a quarterly basis. The FHLB of Pittsburgh stock owned by WesBanco totaled $10.9 million and $10.3 million at December 31, 2014 and 2013, respectively.

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A proposal pending approval by the FHLB System regulator, the Federal Housing Finance Authority, would revise membership requirements for future FHLB membership that may result in WesBanco being required to hold additional mortgage-related assets and could negatively impact FHLB advance pricing for its members due to lower earnings.

WESBANCO’S FINANCIAL CONDITION AND RESULTS OF OPERATIONS DEPEND ON THE SUCCESSFUL GROWTH OF ITS SUBSIDIARIES.

WesBanco’s primary business activity for the foreseeable future will be to act as the holding company of its banking and other subsidiaries. Therefore, WesBanco’s future profitability will depend on the success and growth of these subsidiaries. In the future, part of WesBanco’s growth may come from buying other banks and buying or establishing other companies. Such entities may not be profitable after they are purchased or established, and they may lose money or be dilutive to earnings per share, particularly for the first few years. A new bank or company may bring with it unexpected liabilities, bad loans, or poor employee relations, or the new bank or company may lose customers and the associated revenue. Dilution of book and tangible book value may occur as a result of the acquisition that may not be earned back for several years, if at all.

WESBANCO’S ABILITY TO PAY DIVIDENDS IS LIMITED, AND COMMON STOCK DIVIDENDS MAY HAVE TO BE REDUCED OR ELIMINATED.

Holders of shares of WesBanco’s common stock are entitled to dividends if, when, and as declared by WesBanco’s Board of Directors out of funds legally available for that purpose. Although the Board of Directors has declared cash dividends in the past, the current ability to pay dividends is largely dependent upon the receipt of dividends from the Bank. Federal and state laws impose restrictions on the ability of the Bank to pay dividends, which restrictions are more fully described in “Item 1. Business—Payment of Dividends.” In general, future dividend policy is subject to the discretion of the Board of Directors and will depend upon a number of factors, including WesBanco’s and the Bank’s future earnings, liquidity and capital requirements, regulatory constraints and financial condition.

WESBANCO MAY ENCOUNTER INTEGRATION DIFFICULTIES OR MAY FAIL TO REALIZE THE ANTICIPATED BENEFITS OF ACQUISITIONS.

WesBanco may not be able to integrate any new acquisitions without encountering difficulties including, without limitation, the loss of key employees and customers, the disruption of ongoing businesses or possible inconsistencies in standards, controls, procedures and policies. Any future acquisitions may also result in other unforeseen difficulties, including integration of the combined companies, which could require significant time and attention from our management that would otherwise be directed at developing our existing business, and expenses may be higher than initially projected. In addition, we could discover undisclosed liabilities resulting from any acquisitions, for which we may become responsible. Further, benefits such as enhanced earnings that we anticipate from these acquisitions may not develop and future results of the combined companies may be materially lower from those estimated.

WesBanco recently completed the acquisition of ESB on February 10, 2015 and integration issues such as those described above could be experienced as a result.

HIGHER FDIC DEPOSIT INSURANCE PREMIUMS AND ASSESSMENTS COULD ADVERSELY AFFECT WESBANCO’S FINANCIAL CONDITION.

Since 2008, the economic environment caused higher levels of bank failures, which dramatically increased FDIC resolution costs and led to a significant reduction in the deposit insurance fund. In order to restore reserve ratios of the deposit insurance fund, the FDIC has in the past few years significantly increased the assessment rates paid by financial institutions for deposit insurance. In addition, in May 2009, the FDIC imposed a special

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assessment on all insured institutions, and in November 2009, it adopted a rule requiring banks to prepay their FDIC assessments for years through 2012, which accompanied a rate increase beginning in 2011. While the Deposit Insurance Fund balance has significantly improved since then, and a new assessment base that reduced rates for community banks was adopted in 2011, the FDIC has indicated that future special assessments are possible, although it has not determined the magnitude or timing of any future assessments. Additional increases in FDIC insurance premiums and future special assessments may adversely affect WesBanco’s results of operations and financial condition.

INTERRUPTION TO OUR INFORMATION SYSTEMS OR BREACHES IN SECURITY COULD ADVERSELY AFFECT WESBANCO’S OPERATIONS.

WesBanco relies on information systems and communications for operating and monitoring all major aspects of business, as well as internal management functions. Any failure, interruption, intrusion or breach in security of these systems could result in failures or disruptions in the WesBanco customer relationship, management, general ledger, deposit, loan and other systems. While WesBanco has policies, procedures and technical safeguards designed to prevent or limit the effect of any failure, interruption, intrusion or security breach of its information systems, there can be no assurance that the above-noted issues will not occur or, if they do occur, that they will be adequately addressed.

There have been several cyber-attacks on websites of large financial services companies. Even if not directed at WesBanco specifically, attacks on other entities with whom we do business or on whom we otherwise rely or attacks on financial or other institutions important to the overall functioning of the financial system could adversely affect, directly or indirectly, aspects of WesBanco’s business.

Cyber-attacks on third party retailers or other business establishments that widely accept debit card or check payments could compromise sensitive bank customer information, such as debit card and account numbers. Such an attack could result in significant costs to the bank, such as costs to reimburse customers, reissue debit cards and open new customer accounts.

In addition, there have been efforts on the part of third parties to breach data security at financial institutions, including through the use of social engineering schemes such as “phishing.” The ability of our customers to bank remotely, including online and through mobile devices, requires secure transmission of confidential information and increases the risk of data security breaches. Because the techniques used to attack financial services company communications and information systems change frequently (and generally increase in sophistication), often attacks are not recognized until launched against a target, may be supported by foreign governments or other well-financed entities, and may originate from less regulated and remote areas around the world, we may be unable to address these techniques in advance of attacks, including by implementing adequate preventative measures.

The occurrence of any such failure, disruption or security breach of WesBanco’s information systems, particularly if widespread or resulting in financial losses to our customers, could damage WesBanco’s reputation, result in a loss of customer business, subject WesBanco to additional regulatory scrutiny, and expose WesBanco to civil litigation and possible financial liability. In addition, the prevalence of cyber-attacks and other efforts to breach or disrupt our systems has led, and will continue to lead, to costs to WesBanco with respect to prevention and mitigation of these risks, as well as costs reimbursing customers for losses suffered as a result of these actions. Successful attacks or systems failures at other large financial institutions, whether or not WesBanco is included, could lead to a general loss of customer confidence in financial institutions with a potential negative impact on WesBanco’s business, additional demands on the part of our regulators, and increased costs to deal with risks identified as a result of the problems affecting others. The risks described above could have a material effect on WesBanco’s business, results of operations and financial condition.

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LOSS OF KEY EMPLOYEES COULD IMPACT GROWTH AND EARNINGS AND MAY HAVE AN ADVERSE IMPACT ON BUSINESS.

Our operating results and ability to adequately manage our growth are highly dependent on the services, managerial abilities and performance of our key employees, including executive officers and senior management. Our success depends upon our ability to attract and retain highly skilled and qualified management, loan origination, finance, administrative, marketing and technical personnel and upon the continued contributions of this management and personnel. The loss of services, or the inability to successfully complete planned transitions of key personnel approaching normal retirement age, could have an adverse impact on WesBanco’s business, operating results and financial condition because of their skills, knowledge of the local markets, years of industry experience and the difficulty of promptly finding qualified replacement personnel.

FOLLOWING THE ESB MERGER, A HIGH PERCENTAGE OF THE COMBINED COMPANY’S LOAN PORTFOLIO REMAINS IN WEST VIRGINIA, OHIO, AND PENNSYLVANIA AND IN COMMERCIAL AND RESIDENTIAL REAL ESTATE. DETERIORATIONS IN ECONOMIC CONDITIONS IN THIS AREA OR IN THE REAL ESTATE MARKET GENERALLY COULD BE MORE HARMFUL TO THE COMBINED COMPANY COMPARED TO MORE DIVERSIFIED INSTITUTIONS.

As of December 31, 2014, approximately 23% of WesBanco’s loan portfolio was comprised of residential real estate loans, and 48% was comprised of commercial real estate loans. As a result of our merger with ESB, the combined company’s loan portfolio, as of December 31, 2014, would have been approximately 28% residential real estate loans and 42% commercial real estate loans.

Inherent risks of commercial real estate (“CRE”) lending include the cyclical nature of the real estate market, construction risk and interest rate risk. The cyclical nature of real estate markets can cause CRE loans to suffer considerable distress. During these times of distress, a property’s performance can be negatively affected by tenants’ deteriorating credit strength and lease expirations in times of softening demand caused by economic deterioration or over-supply conditions. Even if borrowers are able to meet their payment obligations, they may find it difficult to refinance their full loan amounts at maturity due to declines in property value. Other risks associated with CRE lending include regulatory changes and environmental liability. Regulatory changes in tax legislation, zoning or similar external conditions including environmental liability may affect property values and the economic feasibility of existing and proposed real estate projects.

The combined company’s CRE loan portfolio is concentrated in West Virginia, Ohio and Pennsylvania. There are a wide variety of economic conditions within the local markets of the three states in which most of the combined company’s CRE loan portfolio will be situated. Rates of employment, consumer loan demand, household formation, and the level of economic activity can vary widely from state to state and among metropolitan areas, cities and towns. Metropolitan markets comprise various submarkets where property values and demand can be affected by many factors, such as demographic makeup, geographic features, transportation, recreation, local government, school systems, utility infrastructure, tax burden, building-stock age, zoning and building codes, and available land for development. Despite the merger, as a result of the continued high concentration of the combined company’s loan portfolio, the combined company may be more sensitive, compared to more diversified institutions, to future disruptions in, and deterioration of, this market, which could lead to losses which could have a material adverse effect on the business, financial condition and results of operations of the combined company.

WESBANCO MAY NEED TO RAISE CAPITAL IN THE FUTURE, BUT CAPITAL MAY NOT BE AVAILABLE WHEN NEEDED OR AT ACCEPTABLE TERMS.

Federal and state banking regulators require WesBanco and its banking subsidiary, WesBanco Bank, to maintain adequate levels of capital to support its operations. In addition, in the future WesBanco may need to raise additional capital to support its business or to finance acquisitions, if any, or WesBanco may otherwise elect to raise additional capital in anticipation of future growth opportunities.

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WesBanco’s ability to raise additional capital for parent company or banking subsidiary needs will depend on conditions at that time in the capital markets, overall economic conditions, WesBanco’s financial performance and condition, and other factors, many of which are outside our control. There is no assurance that, if needed, WesBanco will be able to raise additional capital on favorable terms or at all. An inability to raise additional capital may have a material adverse effect on our ability to expand operations, and on our financial condition, results of operations and future prospects.

ITEM 1B. UNRESOLVED STAFF COMMENTS

None.

ITEM 2. PROPERTIES

WesBanco’s subsidiaries generally own their respective offices, related facilities and any unimproved real property held for future expansion. At December 31, 2014, WesBanco operated 120 banking offices in West Virginia, Ohio and western Pennsylvania and one loan production office, of which 92 were owned and 29 were leased. These leases expire at various dates through April 2034 and generally include options to renew. The Bank also owns several regional headquarters buildings in various markets, most of which also house a banking office and/or certain back office functions. In conjunction with the acquisition on February 10, 2015, WesBanco acquired 23 banking offices of which 21 were owned and 2 were leased.

The main office of WesBanco is located at 1 Bank Plaza, Wheeling, West Virginia, in a building owned by the Bank. The building contains approximately 100,000 square feet and serves as the main office for both WesBanco’s community banking segment and its trust and investment services segment, as well as its executive offices. The Bank’s major back office operations currently occupy approximately 75% of the space available in an office building connected via sky-bridge to the main office. This adjacent back office building is owned by WesBanco Properties, Inc., a subsidiary of WesBanco, with the remainder of the building leased to unrelated businesses.

At various building locations, WesBanco rents or makes available commercial office space to unrelated businesses. Rental income totaled $0.7 million in 2014 compared to $0.8 million in 2013. For additional disclosures related to WesBanco’s properties, other fixed assets and leases, please refer to Note 5, “Premises and Equipment” in the Consolidated Financial Statements.

ITEM 3. LEGAL PROCEEDINGS

Litigation Related to the ESB Merger

On October 29, 2014, ESB and WesBanco entered into an Agreement and Plan of Merger (the “Merger Agreement”), providing for the merger of ESB with and into WesBanco, with WesBanco as the surviving corporation (the “Merger”). Each of ESB and WesBanco filed a definitive joint proxy statement/prospectus, dated as of December 11, 2014 (the “Joint Proxy Statement/Prospectus”), with the Securities and Exchange Commission in connection with the Merger. The Merger was consummated on February 10, 2015.

As previously reported by each of ESB and WesBanco on Current Reports on Form 8-K, each dated December 15, 2014 and filed on December 19, 2014, two putative class action complaints were filed by purported shareholders of ESB with respect to the Merger. One complaint was filed in the United States District Court for the Western District of Pennsylvania (the “Federal District Court”), and is captioned and numbered James Elliott vs. ESB Financial, Inc., et al., Case No. 2:14-cv-01689-MRH (the “Federal Lawsuit”). The other complaint was filed in the Court of Common Pleas of Lawrence County, Pennsylvania, and is captioned and numbered Randall Kress v. ESB Bank, Case No. 11185/14 CA (the “Lawrence County Lawsuit”). Both complaints alleged generally, among other things, that each member of ESB’s board of directors (the “Director Defendants”) breached their fiduciary duties in approving the Merger Agreement, that ESB and WesBanco aided and abetted such breaches of fiduciary duty and that the disclosure regarding the Merger contained in the Joint Proxy Statement/Prospectus was materially deficient.

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On January 15, 2015, solely to avoid the costs, risks and uncertainties inherent in litigation, ESB, ESB Bank, WesBanco and the Director Defendants (ESB, ESB Bank, WesBanco and the Director Defendants, collectively the “Defendants”) entered into a Memorandum of Settlement (the “MOS”) with the respective plaintiffs (collectively, the “Plaintiffs”) regarding the settlement of both the Federal Lawsuit and the Lawrence County Lawsuit. Pursuant to the MOS, ESB and WesBanco agreed to file with the SEC and make publicly available to shareholders of ESB and WesBanco supplemental disclosures provided on Form 8-K and the Plaintiffs agreed to release ESB, ESB Bank, WesBanco and the Director Defendants from all claims related to the Merger Agreement and the Merger, subject to approval of the Federal District Court. If the court approves the settlement contemplated in the MOS, both the Federal Lawsuit and the Lawrence County Lawsuit will be dismissed with prejudice, and all claims that were or could have been brought challenging any aspect of the Merger, the Merger Agreement, and any disclosure made in connection therewith will be released and barred. Under the terms of the MOS, counsel for the Plaintiffs reserved the right to seek an award of attorneys’ fees and expenses. The Defendants have reserved the right to contest the fee and expense petition. The amount of any fees and expense awarded will ultimately be determined and approved by the court, and will not affect the amount of merger consideration paid by WesBanco. ESB or its successor or insurer will pay any fees and expenses awarded by the court. In the MOS, the parties have agreed to negotiate in good faith to prepare a stipulation of settlement to be filed with the court and other documentation as may be required to effectuate the settlement. There can be no assurance that the parties ultimately will enter into a stipulation of settlement or that the court will approve the settlement even if the parties were to enter into such stipulation. The proposed settlement contemplated by the MOS will become void in the event that the parties do not enter into such stipulation or the court does not approve the settlement.

The settlement did not affect the timing of the special meeting of shareholders of ESB held January 22, 2015 in Ellwood City, Pennsylvania to vote upon a proposal to adopt the Merger Agreement. Similarly, the settlement did not affect the timing of the special meeting of shareholders of WesBanco held January 22, 2015 in Wheeling, West Virginia to vote on a proposal to approve the issuance of shares of WesBanco common stock in connection with the Merger. The shareholders of both corporations approved the Merger. ESB and the other Defendants deny all of the allegations in the lawsuits and believe the disclosures previously included in the Joint Proxy Statement/Prospectus were appropriate under the law. Nevertheless, ESB and the other Defendants have agreed to settle the putative class action lawsuits in order to avoid the costs, disruptions and distraction of further litigation.

ESB and the other Defendants have vigorously denied, and continue to vigorously deny, that they have committed or aided and abetted in the commission of any violation of law or engaged in any of the wrongful acts that were alleged in the lawsuits, and expressly maintain that, to the extent applicable, they diligently and scrupulously complied with their fiduciary and other legal burdens and entered into the MOS solely to eliminate the burden and expense of further litigation and to put the claims that were or could have been asserted to rest. Nothing in the MOS or any stipulation of settlement shall be deemed an admission of the legal necessity or materiality under applicable laws of any of the disclosures set forth therein.

Other Litigation

WesBanco is also involved in lawsuits, claims, investigations and proceedings which arise in the ordinary course of business. While any litigation contains an element of uncertainty, WesBanco does not believe that a material loss related to such proceedings or claims pending or known to be threatened is reasonably possible.

ITEM 4. MINE SAFETY DISCLOSURES

Not Applicable.

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PART II

ITEM 5. MARKET FOR THE REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

WesBanco’s common stock is quoted on the NASDAQ Global Stock Market under the symbol WSBC. The approximate number of record holders of WesBanco’s $2.0833 par value common stock as of February 20, 2015 was 5,191, not including shares held in nominee positions. The number of holders does not include WesBanco employees who have purchased stock or had stock allocated to them through WesBanco’s Employee Stock Ownership and 401(k) plan (the “KSOP”). All WesBanco employees who meet the eligibility requirements of the KSOP are included in this retirement plan.

The table below presents for each quarter in 2014 and 2013, the high and low sales price per share as reported by NASDAQ and cash dividends declared per share.

	2014						2013
	High		Low		Dividend Declared		High		Low		Dividend Declared
Fourth quarter	$	35.70	$	29.71	$	0.220	$	32.58	$	28.00	$	0.200
Third quarter		32.11		28.87		0.220		30.55		26.00		0.200
Second quarter		32.49		28.27		0.220		26.69		22.58		0.190
First quarter		32.38		26.77		0.220		24.85		21.84		0.190

At December 31, 2014, WesBanco had eight capital trusts, which are all wholly-owned trust subsidiaries of WesBanco formed for the purpose of issuing Trust Preferred Securities and lending the proceeds to WesBanco. The debentures and trust preferred securities issued by the trusts provide that WesBanco has the right to elect to defer the payment of interest on the debentures and trust preferred securities for up to an aggregate of 20 quarterly periods. However, if WesBanco should defer the payment of interest or default on the payment of interest, it may not declare or pay any dividends on its common stock during any such period.

Federal and state laws impose restrictions on the ability of the Bank to pay dividends, which restrictions are more fully described in “Item 1. Business—Payment of Dividends.”

For additional disclosure relating to WesBanco Trust Preferred Securities, refer to Note 10, “Junior Subordinated Debt Owed to Unconsolidated Subsidiary Trusts” in the Consolidated Financial Statements.

As of December 31, 2014 and 2013, WesBanco had an outstanding stock warrant issued to the U.S. Department of Treasury (“UST”) to purchase 100,448 shares of WesBanco common stock at a price of $10.45 per share. This warrant was issued in 2012 to convert a previously issued warrant, obtained through acquisition, to WesBanco.

As of December 31, 2014, WesBanco had a stock repurchase plan pursuant to which up to one million shares may be acquired. The plan was originally approved by the Board of Directors on March 21, 2007 and provides for shares to be repurchased for general corporate purposes, which may include a subsequent resource for potential acquisitions, shareholder dividend reinvestment and employee benefit plans. The timing, price and quantity of purchases are at the discretion of WesBanco, and the plan may be discontinued or suspended at any time. There were no general open market repurchases in 2014, other than those for the KSOP and dividend reinvestment plans, and repurchases from employees for the payment of withholding taxes to facilitate the vesting of restricted stock. At December 31, 2014, there were 378,286 shares remaining to be purchased under the plan.

Certain information relating to securities authorized for issuance under equity compensation plans is set forth under the heading “Equity Compensation Plan Information” in Part III, “Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.”

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The following table shows the activity in WesBanco’s stock repurchase plan and other purchases for the quarter ended December 31, 2014:

Period	Total Number of Shares Purchased		Average Price Paid per Share		Total Number of Shares Purchased as Part of Publicly Announced Plans		Maximum Number of Shares that May Yet Be Purchased Under the Plans
Balance at September 30, 2014								378,286
October 1, 2014 to October 31, 2014
Open market repurchases		—	$	—		—		378,286
Other transactions (1)		16,369		31.07		N/A		N/A
November 1, 2014 to November 30, 2014
Open market repurchases		—		—		—		378,286
Other transactions (1)		1,746		34.05		N/A		N/A
December 1, 2014 to December 31, 2014
Open market repurchases		—		—		—		378,286
Other transactions (1)		1,426		34.27		N/A		N/A
Fourth Quarter 2014
Open market repurchases		—		—		—		378,286
Other transactions (1)		19,541		31.57		N/A		N/A
Total		19,541	$	31.57		—		378,286

(1) Consists of open market purchases transacted in the KSOP and dividend reinvestment plans.

N/A—Not applicable

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The following graph shows a comparison of cumulative total shareholder returns for WesBanco, the Russell 2000 Index, and the SNL Small Cap Bank Index. The total shareholder return assumes a $100 investment in the common stock of WesBanco and each index since December 31, 2009 with reinvestment of dividends.

	Period Ending
Index	12/31/09		12/31/10		12/31/11		12/31/12		12/31/13		12/31/14
WesBanco, Inc.		100.00		158.89		168.44		198.98		294.96		329.84
Russell 2000		100.00		126.86		121.56		141.43		196.34		205.95
SNL Small Cap Bank Index		100.00		122.16		116.68		135.91		189.56		199.80

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ITEM 6. SELECTED FINANCIAL DATA

The following consolidated selected financial data is derived from WesBanco’s audited financial statements as of and for the five years ended December 31, 2014. The following consolidated financial data should be read in conjunction with Management’s Discussion and Analysis of Financial Condition and Results of Operations (“MD&A”) and the Consolidated Financial Statements and related notes included elsewhere in this report. WesBanco’s acquisitions during the five years ended December 31, 2014 include Fidelity on November 30, 2012 and include the results of operations since the date of acquisition.

	For the years ended December 31,
(dollars in thousands, except shares and per share amounts)	2014			2013			2012			2011			2010
PER COMMON SHARE INFORMATION
Earnings per common share—basic	$	2.39		$	2.18		$	1.84		$	1.65		$	1.34
Earnings per common share—diluted		2.39			2.18			1.84			1.65			1.34
Dividends declared per common share		0.88			0.78			0.70			0.62			0.56
Book value at year end		26.90			25.59			24.45			23.80			22.83
Tangible book value at year end (1)		16.09			14.68			13.48			13.29			12.24
Average common shares outstanding—basic		29,249,499			29,270,922			26,867,227			26,614,697			26,579,735
Average common shares outstanding—diluted		29,333,876			29,344,683			26,888,847			26,615,281			26,580,293
SELECTED BALANCE SHEET INFORMATION
Securities	$	1,511,094		$	1,532,906		$	1,623,753		$	1,609,265		$	1,426,191
Loans held for sale		5,865			5,855			21,903			6,084			10,800
Net portfolio loans		4,042,112			3,847,549			3,635,063			3,184,558			3,227,625
Total assets		6,296,565			6,144,773			6,078,717			5,536,030			5,361,458
Deposits		5,048,983			5,062,530			4,944,284			4,393,866			4,172,423
Total FHLB and other borrowings		303,816			190,044			254,158			365,073			440,991
Junior subordinated debt owed to unconsolidated subsidiary trusts		106,176			106,137			113,832			106,066			106,034
Shareholders’ equity		788,190			746,595			714,184			633,790			606,863
SELECTED RATIOS
Return on average assets		1.12	%		1.05	%		0.88	%		0.81	%		0.66	%
Return on average tangible assets (1)		1.20			1.13			0.96			0.88			0.73
Return on average equity		8.97			8.72			7.54			7.01			5.88
Return on average tangible equity (1)		15.39			15.79			13.57			13.18			11.56
Net interest margin (3)		3.61			3.58			3.53			3.66			3.60
Efficiency ratio (1)		59.59			60.99			60.98			59.50			60.81
Average loans to average deposits		76.89			75.28			74.15			76.32			82.14
Allowance for loan losses to total loans		1.09			1.22			1.43			1.69			1.86
Allowance for loan losses to total non-performing loans		87.76			91.99			82.79			63.07			63.39
Non-performing assets to total assets		0.89			0.92			1.15			1.62			1.95
Net loan charge-offs to average loans		0.23			0.38			0.66			1.30			1.28
Average shareholders’ equity to average assets		12.48			12.00			11.71			11.49			11.18
Tangible equity to tangible assets (1)		7.88			7.35			6.84			6.73			6.40
Tier 1 leverage ratio		9.88			9.27			9.34			8.71			8.35
Tier 1 capital to risk-weighted assets		13.76			13.06			12.82			12.68			11.94
Total capital to risk-weighted assets		14.81			14.19			14.07			13.93			13.20
Dividend payout ratio		36.82			35.78			38.04			37.58			41.79
Trust assets at market value (2)	$	3,840,540		$	3,688,734		$	3,238,556		$	2,973,352		$	2,943,786

(1) See non-GAAP Measures with this “Item 6. Selected Financial Data” for additional information relating to the calculation of this item.

(2) Trust assets are held by the Bank, in fiduciary or agency capacities for its customers and therefore are not included as assets on WesBanco’s Consolidated Balance Sheets.

(3) Presented on a fully taxable-equivalent (FTE) and annualized basis. The FTE basis adjusts for the tax benefit of income on certain tax-exempt loans and investments using the federal statutory tax rate of 35% for each period presented. WesBanco believes this measure to be the preferred industry measurement of net interest income and provides relevant comparison between taxable and non-taxable amounts.

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	For the years ended December 31,
(dollars in thousands, except per share amounts)	2014		2013		2012		2011		2010
SUMMARY STATEMENTS OF INCOME
Interest and dividend income	$	215,991	$	217,890	$	211,686	$	224,167	$	236,528
Interest expense		22,763		32,403		43,335		54,802		70,436
Net interest income		193,228		185,487		168,351		169,365		166,092
Provision for credit losses		6,405		9,086		19,874		35,311		44,578
Net interest income after provision for credit losses		186,823		176,401		148,477		134,054		121,514
Non-interest income		68,504		69,285		64,775		59,888		59,599
Non-interest expense		161,633		160,998		150,120		140,295		141,152
Income before provision for income taxes		93,694		84,688		63,132		53,647		39,961
Provision for income taxes		23,720		20,763		13,588		9,838		4,350
Net income	$	69,974	$	63,925	$	49,544	$	43,809	$	35,611
Earnings per common share—basic	$	2.39	$	2.18	$	1.84	$	1.65	$	1.34
Earnings per common share—diluted	$	2.39	$	2.18	$	1.84	$	1.65	$	1.34

Non-GAAP Measures

The following non-GAAP financial measures used by WesBanco provide information that WesBanco believes is useful to investors in understanding WesBanco’s operating performance and trends, and facilitates comparisons with the performance of WesBanco’s peers. The following tables summarize the non-GAAP financial measures derived from amounts reported in WesBanco’s financial statements.

	For the years ended December 31,
(dollars in thousands)	2014			2013			2012			2011			2010
Tangible equity to tangible assets:
Total shareholders’ equity	$	788,190		$	746,595		$	714,184		$	633,790		$	606,863
Less: goodwill and other intangible assets, net of deferred tax liability		(316,914	)		(318,161	)		(320,399	)		(279,967	)		(281,534	)
Tangible equity		471,276			428,434			393,785			353,823			325,329
Total assets		6,296,565			6,144,773			6,078,717			5,536,030			5,361,458
Less: goodwill and other intangible assets, net of deferred tax liability		(316,914	)		(318,161	)		(320,399	)		(279,967	)		(281,534	)
Tangible assets		5,979,651			5,826,612			5,758,318			5,256,063			5,079,924
Tangible equity to tangible assets		7.88	%		7.35	%		6.84	%		6.73	%		6.40	%
Tangible book value:
Total shareholders’ equity	$	788,190		$	746,595		$	714,184		$	633,790		$	606,863
Less: goodwill and other intangible assets, net of deferred tax liability		(316,914	)		(318,161	)		(320,399	)		(279,967	)		(281,534	)
Tangible equity		471,276			428,434			393,785			353,823			325,329
Common shares outstanding		29,298,188			29,175,236			29,214,660			26,629,360			26,586,953
Tangible book value at year end	$	16.09		$	14.68		$	13.48		$	13.29		$	12.24
Return on average tangible equity:
Net income	$	69,974		$	63,925		$	49,544		$	43,809		$	35,611
Plus: amortization of intangibles, net of tax		1,248			1,487			1,398			1,566			1,774
Net income before amortization of intangibles		71,222			65,412			50,942			45,375			37,385
Average total shareholders’ equity		780,423			733,249			656,684			625,061			605,742
Less: average goodwill and other intangibles, net of deferred tax liability		(317,523	)		(318,913	)		(281,326	)		(280,718	)		(282,389	)
Average tangible equity		462,900			414,336			375,358			344,343			323,353
Return on average tangible equity		15.39	%		15.79	%		13.57	%		13.18	%		11.56	%

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	For the years ended December 31,
(dollars in thousands)	2014			2013			2012			2011			2010
Return on average tangible assets:
Net income	$	69,974		$	63,925		$	49,544		$	43,809		$	35,611
Plus: amortization of intangibles, net of tax		1,248			1,487			1,398			1,566			1,774
Net income before amortization of intangibles		71,222			65,412			50,942			45,375			37,385
Average total assets		6,253,253			6,109,311			5,606,386			5,440,243			5,416,470
Less: average goodwill and other intangibles, net of deferred tax liability		(317,523	)		(318,913	)		(281,326	)		(280,718	)		(282,389	)
Average tangible assets		5,935,730			5,790,398			5,325,060			5,159,525			5,134,081
Return on average tangible assets		1.20	%		1.13	%		0.96	%		0.88	%		0.73	%
Efficiency Ratio
Non-interest expense	$	161,633		$	160,998		$	150,120		$	140,295		$	141,152
Less: restructuring and merger-related expense		(1,309	)		(1,310	)		(3,888	)		—			(175	)
Non-interest expense excluding restructuring and merger-related expense		160,324			159,688			146,232			140,295			140,977
Net interest income on a fully taxable equivalent basis		200,545			192,556			175,027			175,885			172,235
Non-interest income		68,504			69,285			64,775			59,888			59,599
Net interest income on a fully taxable equivalent basis plus non-interest income		269,049			261,841			239,802			235,773			231,834
Efficiency Ratio		59.59	%		60.99	%		60.98	%		59.50	%		60.81	%

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ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Management’s Discussion and Analysis represents an overview of the results of operations and financial condition of WesBanco. This discussion and analysis should be read in conjunction with the Consolidated Financial Statements and Notes thereto.

FORWARD-LOOKING STATEMENTS

Forward-looking statements in this report relating to WesBanco’s plans, strategies, objectives, expectations, intentions and adequacy of resources, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The information contained in this report should be read in conjunction with WesBanco’s Form 10-Qs for the prior quarters ended March 31, 2014, June 30, 2014 and September 30, 2014, respectively, and documents subsequently filed by WesBanco which are available at the SEC’s website, www.sec.gov or at WesBanco’s website, www.wesbanco.com. Investors are cautioned that forward-looking statements, which are not historical fact, involve risks and uncertainties, including those detailed under “Risk Factors” in Part I, Item 1A of this Annual Report on Form 10-K. Such statements are subject to important factors that could cause actual results to differ materially from those contemplated by such statements, including, without limitation, that the businesses of WesBanco and ESB may not be integrated successfully or such integration may take longer to accomplish than expected; the expected cost savings and any revenue synergies from the merger of WesBanco and ESB may not be fully realized within the expected timeframes; disruption from the merger of WesBanco and ESB may make it more difficult to maintain relationships with clients, associates, or suppliers; the effects of changing regional and national economic conditions; changes in interest rates, spreads on earning assets and interest-bearing liabilities, and associated interest rate sensitivity; sources of liquidity available to WesBanco and its related subsidiary operations; potential future credit losses and the credit risk of commercial, real estate, and consumer loan customers and their borrowing activities; actions of the Federal Reserve Board, the FDIC, the SEC, FINRA, the Municipal Securities Rulemaking Board, the Securities Investors Protection Corporation, and other regulatory bodies; potential legislative and federal and state regulatory actions and reform, including, without limitation, the impact of the implementation of the Dodd-Frank Act; adverse decisions of federal and state courts; fraud, scams and schemes of third parties; internet hacking; competitive conditions in the financial services industry; rapidly changing technology affecting financial services; marketability of debt instruments and corresponding impact on fair value adjustments; and/or other external developments materially impacting WesBanco’s operational and financial performance. WesBanco does not assume any duty to update forward-looking statements.

APPLICATION OF CRITICAL ACCOUNTING POLICIES AND ESTIMATES

WesBanco’s Consolidated Financial Statements are prepared in accordance with GAAP and follow general practices within the industries in which it operates. Application of these principles requires management to make estimates, assumptions and judgments that affect the amounts reported in the financial statements and accompanying notes. These estimates, assumptions and judgments are based on information available as of the date of the financial statements; accordingly, as this information changes, the financial statements could reflect different estimates, assumptions and judgments. Certain policies inherently have a greater reliance on the use of estimates, assumptions and judgments and as such have a greater possibility of producing results that could be materially different than originally reported.

The most significant accounting policies followed by WesBanco are included in Note 1, “Summary of Significant Accounting Policies,” of the Consolidated Financial Statements. These policies, along with other Notes to the Consolidated Financial Statements and this MD&A, provide information on how significant assets and liabilities are valued in the financial statements and how those values are determined. Management has identified the allowance for loan losses and the evaluation of goodwill and other intangible assets for impairment to be the accounting estimates that require the most subjective or complex judgments, and as such could be most subject to revision as new information becomes available.

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Allowance for Credit Losses—The allowance for credit losses represents management’s estimate of probable losses inherent in the loan portfolio and in future advances against loan commitments. Determining the amount of the allowance requires significant judgment about the collectability of loans and the factors that deserve consideration in estimating probable credit losses. The allowance is increased by a provision charged to operating expense and reduced by charge-offs, net of recoveries. Management evaluates the adequacy of the allowance at least quarterly. This evaluation is inherently subjective as it requires material estimates that may be susceptible to significant change from period to period.

The evaluation includes an assessment of quantitative factors such as actual loss experience within each category of loans and testing of certain loans for impairment. The evaluation also considers qualitative factors such as economic trends and conditions, which includes levels of unemployment, real estate values and the impact on specific industries and geographical markets, changes in lending policies and underwriting standards, delinquency and other credit quality trends, concentrations of credit risk, if any, the results of internal loan reviews and examinations by bank regulatory agencies, the volatility of historical loss rates, the velocity of changes in historical loss rates, and regulatory guidance pertaining to the allowance for credit losses. Management relies on observable data from internal and external sources to the extent it is available to evaluate each of these factors and adjusts the actual historical loss rates to reflect the impact these factors may have on probable losses in the portfolio.

Commercial real estate and commercial and industrial loans greater than $1 million that are reported as non-accrual or a troubled debt restructuring (“TDR”) are tested individually for impairment. Specific reserves are established when appropriate for such loans based on the present value of expected future cash flows of the loan or the estimated realizable value of the collateral, if any.

General reserves are established for loans that are not individually tested for impairment based on historical loss rates adjusted for the impact of the qualitative factors discussed above. Historical loss rates for commercial real estate and commercial and industrial loans are determined for each internal risk grade or group of pass grades using a migration analysis that categorizes each charged-off loan based on its risk grade twelve months prior to the charge-off. Historical loss rates for commercial real estate land and construction, residential real estate, home equity and consumer loans that are not risk graded are determined for the total of each category of loans. Historical loss rates for deposit account overdrafts are based on actual losses in relation to average overdrafts for the period.

Management has determined that the greater of the most recent twelve or thirty-six month historical loss rate is generally the most indicative of probable losses in the portfolio because the twelve month loss rate more accurately reflects the adverse impact of current conditions during periods of economic stress while the thirty-six month loss rate more accurately reflects probable losses during normal economic cycles. Historical loss rates for longer periods than thirty-six months may not be as meaningful because of changes in the risk profile and characteristics of the portfolio that can occur over longer periods of time. However, management does evaluate historical loss rates for periods longer than thirty-six months to give adequate consideration to the longer economic cycle and its impact on probable losses in the current period.

Management may also adjust its assumptions to account for differences between estimated and actual incurred losses from period to period. The variability of management’s assumptions could alter the level of the allowance for credit losses and may have a material impact on future results of operations and financial condition. The loss estimation models and methods used to determine the allowance for credit losses are continually refined and enhanced; however, there have been no material substantive changes compared to prior periods.

Goodwill and Other Intangible Assets—WesBanco accounts for business combinations using the acquisition method of accounting. Accordingly, the identifiable assets acquired, the liabilities assumed, and any non-controlling interest of an acquired business are recorded at their estimated fair values as of the date of

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acquisition with any excess of the cost of the acquisition over the fair value recorded as goodwill. At December 31, 2014, the carrying value of goodwill and other intangible assets was $312.1 million and $7.4 million, respectively, which represents approximately 39.6% and 0.9% of total shareholders’ equity, respectively. At December 31, 2014, WesBanco had one significant reporting unit with goodwill, community banking.

WesBanco evaluated goodwill for impairment by performing the two-step goodwill impairment test. WesBanco uses market capitalization, multiples of tangible book value, a discounted cash flow model, and various other market-based methods to estimate the current fair value of its reporting units. In particular, the discounted cash flow model includes various assumptions regarding an investors’ required rate of return on WesBanco common stock, future loan loss provisions, future net interest margins, along with various growth and economic recovery and stabilization assumptions of the economy as a whole. The resulting fair values of each method are then weighted based on the relevance and reliability of each respective method in light of the current economic environment to arrive at a weighted average fair value. The evaluation also considered macroeconomic conditions such as the general economic outlook, regional and national unemployment rates and recent trends in equity and credit markets. Additionally, industry and market considerations, such as market-dependent multiples and metrics relative to peers, were evaluated. WesBanco also considered recent trends in credit quality, overall financial performance, stock price appreciation, internal forecasts and various other market-based methods to estimate the current fair value of its reporting units.

WesBanco concluded that goodwill at the reporting units was not impaired as of November 30, 2014 and determined that goodwill was not impaired as of December 31, 2014 as there were no significant changes in market conditions, consolidated operating results, or forecasted future results from November 30, 2014, the date of the most recent goodwill impairment evaluation.

Intangible assets with finite useful lives (primarily core deposit and customer list intangibles) are evaluated for impairment whenever events or changes in circumstances indicate that their carrying amount may not be recoverable. An impairment loss is recognized when the carrying amount of an intangible asset with a finite useful life is not recoverable from its undiscounted cash flows and is measured as the difference between the carrying amount and the fair value of the asset. Intangible assets with finite useful lives at December 31, 2014 are comprised of $7.2 million in core deposit intangibles held at the Bank and customer list intangibles of $0.2 million held at WesBanco Securities. At December 31, 2014 there were no indicators of impairment related to intangible assets with finite useful lives.

EXECUTIVE OVERVIEW

In 2014, for the fifth consecutive year, financial performance improved as WesBanco continued to achieve loan growth, enhance efficiency through reduced costs, increase the net interest margin through better funding structures and expand our presence within the communities we serve. In addition, on February 10, 2015, WesBanco completed the acquisition of ESB Financial Corporation (“ESB”), a Pennsylvania thrift holding company based in Ellwood City, Pennsylvania with $1.9 billion in assets and 23 branches. The transaction expanded WesBanco’s franchise in the Pittsburgh and western Pennsylvania region. Post-acquisition, WesBanco operates through 143 offices and 130 ATMs with total assets of approximately $8.3 billion.

Net income increased $6.0 million or 10% to $70.0 million. Net interest income improved $7.7 million or 4.2%, primarily through higher average loan balances and lower funding costs as higher cost certificates of deposits and other borrowings were replaced with lower cost demand and money market deposits and short term FHLB borrowings. Continued improvement in credit quality reduced the provision for credit losses by $2.7 million. Growth was achieved in certain categories of non-interest income: trust fees increased $1.5 million, electronic banking fees increased $0.5 million and securities brokerage operations increased $0.7 million. However, service charges on deposits declined $1.8 million through reduced overdraft fees as customers retained higher demand account balances, and gains on sales of mortgages decreased due to a slower housing market and a greater percentage of originated loans held for investment. Net gains / losses on other assets included a third quarter charge of $1.4 million to prepay a higher-rate repurchase agreement with another bank to reduce funding

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costs. Increases in expenses of only 0.4% were due to costs related to the opening of three branches and infrastructure enhancements, primarily in the last six quarters, and other growth areas such as trust and securities brokerage offset by lower employee benefits and communication expenses. Due to the increase in net income, return on average assets increased to 1.12% from 1.05% in 2013. Strong earnings and improved total capital have enabled WesBanco to increase the quarterly dividend rate, at $0.22 per share for the fourth quarter, seven times over the last four years, cumulatively representing a 57% increase, with a 2014 increase of 10%. The dividend was increased again in February 2015 to $0.23 per share, a $0.01 per share or 5% increase to be paid April 1, 2015.

Total assets at December 31, 2014 increased 2.5% or $151.8 million from December 31, 2013, primarily due to loan growth. Portfolio loans increased $191.8 million or 4.9% in 2014, achieved through $1.4 billion in loan originations. Loan growth was driven by increased business activity, additional lending personnel, focused marketing efforts, an expanded presence in our larger urban markets, and continued improvement in loan origination processes. Deposits, excluding CDs, increased $192.8 million or 5.4% from December 31, 2013, with deposits for Marcellus and Utica shale gas contributing to the increase. All deposit types increased except certificates of deposit, which decreased $206.4 million due to lower rate offerings for maturing CDs and customers preference for other deposit types. Borrowings increased $113.8 million primarily due to increases in low-rate short-term FHLB borrowings, partially offset by reduced balances of longer-term higher-rate borrowings.

WesBanco continues to maintain strong regulatory capital ratios. At December 31, 2014, tier I leverage was 9.88%, tier I risk-based capital was 13.76%, and total risk-based capital was 14.81%, all of which improved from December 31, 2013. Both consolidated and bank-level regulatory capital ratios are well above the applicable “well-capitalized” standards promulgated by bank regulators, as well as the recently finalized fully-implemented BASEL III capital standards. Total tangible equity to tangible assets⁽¹⁾ was 7.88% at December 31, 2014, increasing from 7.35% at December 31, 2013.

WesBanco had numerous operating accomplishments in 2014 that supported the improved financial results for the year:

• The ESB acquisition was the largest in our history. We are now the 10^th largest full service financial institution in western Pennsylvania, which is also our largest market area. We anticipate the ESB customer account and operational integrations will be completed in late April, 2015.

• Throughout 2014 WesBanco continued to expand customer relationship personnel to support further growth in loan production and improve service to our customers.

• In November, we opened a new $4.5 million banking center in Southpointe, Pennsylvania. The 4,000 square foot two story facility is located at Southpointe Town Center, a retail and commercial mixed-use development south of Pittsburgh.

• As our customers rapidly move toward mobile payments as a preferred purchase option, we announced in late-2014 that WesBanco was one of the first 30 banks in the country to integrate with Apple Pay. WesBanco debit cards can now combine with Apple’s seamlessly integrated hardware, software and services to create a unique and incredibly intuitive purchase experience.

Enhancement of the products and processes that support customers and employees expands WesBanco’s growth opportunities.

(1) See non-GAAP Measures within Item 6. “Selected Financial Data” for additional information relating to the calculation of this item.

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RESULTS OF OPERATIONS

EARNINGS SUMMARY

Net income increased 10% for the twelve months ended December 31, 2014, to $70.0 million compared to $63.9 million for 2013, while diluted earnings per share were $2.39, an increase of 10% compared to $2.18 per share for 2013. The increased net income improved the return on average assets to 1.12% in 2014 from 1.05% in 2013. Return on assets and return on tangible equity for WesBanco remain well above third quarter 2014 peer group averages, the most recent available.

Net interest income increased $7.7 million or 4.2% in 2014 compared to 2013 due to a 3.1% increase in average earning assets, primarily through a 4.8% increase in average loan balances, and improvement in the net interest margin. Growth in net interest income has been very consistent. The net interest margin improved by 3 basis points to 3.61% in 2014 compared to 3.58% in 2013. Accretion of various purchase accounting adjustments from a 2012 acquisition benefited the net interest margin throughout 2013 and 2014, but at a decreasing rate. Excluding this benefit from both years, the net interest margin increased by 8 basis points from 3.49% in 2013 to 3.57% in 2014. The improved net interest margin in the current low interest rate environment resulted partially from the aforementioned loan growth as the average rate on loans is higher than the average rate on securities. In addition, funding costs continued to decrease in 2014 as a result of a 9.4% increase in lower-cost demand, money market and savings account deposits, while higher-cost CDs decreased by 11.8%. The average rate on CDs declined by 43 basis points as higher rate CDs matured. In addition, a 29.2% reduction in higher-rate average other borrowings improved funding costs through the prepayment of a higher-rate $22.0 million repurchase agreement with another bank in the third quarter, and through maturities. Overall, average deposits increased by 2.6% in 2014 compared to 2013.

Credit quality has continued to improve over the past year. Total non-performing loans, including TDRs, decreased 1.2% from December 31, 2013 to $50.9 million, while criticized and classified loans decreased 40.2% over the last twelve months to $81.1 million at December 31, 2014. Net charge-offs for 2014 were $9.3 million or 0.23% of average portfolio loans compared to $14.2 million or 0.38% in 2013. Lower charge-offs and continued improvement in delinquent, non-performing and classified and criticized loans resulted in a provision for credit losses of $6.4 million in 2014 compared to $9.1 million in 2013. The allowance for loan losses represented 1.09% of total portfolio loans at December 31, 2014, compared to 1.22% at the end of 2013.

For 2014, non-interest income decreased $0.8 million or 1.1% compared to 2013. The third quarter of 2014 included a $1.4 million charge related to the prepayment of the repurchase agreement. Non-interest income, excluding this charge, increased $0.6 million or 0.9% for the year. Trust fees increased 7.6% for the year as assets under management continued to increase from customer development initiatives and overall market improvements. Total trust assets were $3.8 billion at December 31, 2014, representing an increase of 4.1% from $3.7 billion at December 31, 2013. Net securities brokerage revenues increased $0.7 million or 10.8%, due to significant production increases from the addition of support and sales staff in several regions, as well as an increase in referrals and production from a licensed retail banker program. Service charges on deposits decreased 10.0% compared to 2013 due to lower overdraft fees that are affected by consistent increases in deposit levels and higher average deposits per account. Mortgage loan sale gains decreased 38.6% as the weak housing market reduced mortgage demand resulting in lower mortgage activity, which was also impacted by the new 2014 Qualified Mortgage and Ability-to-Repay rules, somewhat limiting the Bank’s product offerings.

In 2014, revenue growth outpaced expense growth and as a result, the efficiency ratio improved to 59.6% for 2014 from 61.0% in 2013. Non-interest expense increased $0.6 million or only 0.4% for 2014 compared to 2013. Salaries and wages increased 3.0%, due to routine annual adjustments to compensation, increased commissions on higher brokerage revenue and incentive and stock-related compensation granted in 2014, partially offset by lower average full time employees (“FTEs”). In 2014, employee benefits expense decreased 7.5%, primarily from decreased pension and other benefits expense, partially offset by higher health insurance costs. In addition, net occupancy and equipment expense increased due to higher weather-related expenses, the opening of three branches over the last five quarters and investment in internal infrastructure in the second half of

33

last year. These decreases were offset by increased other expenses of $1.0 million primarily due to customer fraud losses recognized totaling $0.6 million, increased franchise taxes and other miscellaneous fees and costs, partially offset by reduced communication expenses.

The provision for federal and state income taxes increased to $23.7 million in 2014 compared to $20.8 million in 2013. The increase in income tax expense was due to a $9.0 million increase in pre-tax income, which caused a higher effective tax rate of 25.3% compared to 24.5% for 2013.

TABLE 1. NET INTEREST INCOME

	For the years ended December 31,
(dollars in thousands)	2014			2013			2012
Net interest income	$	193,228		$	185,487		$	168,351
Taxable-equivalent adjustments to net interest income		7,317			7,069			6,676
Net interest income, fully taxable-equivalent	$	200,545		$	192,556		$	175,027
Net interest spread, non-taxable-equivalent		3.37	%		3.32	%		3.23	%
Benefit of net non-interest bearing liabilities		0.11	%		0.13	%		0.17	%
Net interest margin		3.48	%		3.45	%		3.40	%
Taxable-equivalent adjustment		0.13	%		0.13	%		0.13	%
Net interest margin, fully taxable-equivalent		3.61	%		3.58	%		3.53	%

Net interest income, which is WesBanco’s largest source of revenue, is the difference between interest income on earning assets, primarily loans and securities, and interest expense on liabilities (deposits and short and long-term borrowings). Net interest income is affected by the general level and changes in interest rates, the steepness and shape of the yield curve, changes in the amount and composition of interest earning assets and interest bearing liabilities, as well as the frequency of repricing of those assets and liabilities. Net interest income increased by $7.7 million or 4.2% in 2014 compared to 2013 due to a 3.1% increase in average earning assets, primarily through increased average loan balances and an improvement in the net interest margin. Growth in net interest income has been consistent, with the fourth quarter of 2014 being the sixth consecutive quarter that net interest income has increased. Average earning assets increased $168.3 million in 2014 due to growth in average portfolio loan balances of $181.7 million or 4.8%. The increase in average earning assets was funded primarily by increases in average deposits and short-term borrowings. Total average deposits increased by $131.8 million or 2.6%. These increases occurred primarily in demand deposit, savings and money market accounts, and resulted from marketing campaigns, customer incentives, wealth management and business initiatives, as well as from Marcellus and Utica shale gas bonus and royalty payments. In addition, the net interest margin increased 3 basis points to 3.61% in 2014 compared to 3.58% in 2013. Accretion of purchase accounting adjustments from a 2012 acquisition benefited the net interest margin throughout 2013 and 2014, but at a decreasing rate. Excluding this benefit from both years, the net interest margin increased by 8 basis points from 2013. The improved net interest margin in the current low interest rate environment resulted partially from the aforementioned loan growth as the average rate on loans is higher than the average rate on securities. The cost of funds improved significantly in 2014 due to lower offered rates, declining average balances on certificates of deposit, an increase in balances of lower-cost products and lower average balances of certain other borrowings. The low interest rate environment continues to result in reduced rates earned on the securities and loan portfolios, but with a larger decrease in lower average rates paid on interest bearing liabilities. The average rate on interest bearing liabilities declined by 21 basis points while the rate on earning assets decreased by 16 basis points in 2014.

Interest income decreased in 2014 by $1.9 million or 0.9% compared to 2013 due primarily to a 30 basis point decrease in loan yields which was mitigated by higher average loan balances and increases in interest income on securities and other interest income. The decrease in loan yields was from reduced rates on new and repriced assets due to the necessity of offering lower rates on quality credits in an increasingly competitive and

34

low interest rate environment. Even with the decrease in loan yields, loans offer the highest rates for investment in earning assets. In 2014, average loans represented 71.2% of average earning assets compared to 70.1% in 2013. Total securities yields increased in 2014 by 4 basis points from 3.17% to 3.21% due to a greater reinvestment of funds from maturities, calls and paydowns into tax-exempt securities, which offer the highest yields within securities. Tax-exempt securities yields decreased 7 basis points in 2014 due to the aforementioned purchases of municipals at lower rates; however, because of their relative yield advantage, the average balance of tax-exempt securities increased 5.0% over last year and was 25.8% of total average securities in 2014 compared to 24.6% in 2013. Taxable securities yields increased 4 basis points in 2014, due in part to a decrease in amortization expense from lower prepayment speeds on mortgage-backed and collateralized mortgage securities. Average taxable securities decreased due to calls of taxable municipal securities and the prepayments in mortgage-backed and collateralized mortgage securities, somewhat offset by purchases of lower-premium collateralized mortgage securities and 10-15 year residential mortgage pools. Purchases of collateralized mortgage securities and shorter-term mortgage pools minimize the average life of the portfolio, particularly for the portion accounted for as available-for-sale, positioning the Bank for possible future increases in interest rates, while maintaining required levels of pledgeable securities.

Portfolio loans increased $191.8 million or 4.9% in 2014, as originations continued to outpace paydowns primarily from a 14.8% increase in C&I loans and a 15.9% increase in home equity lines of credit. Management’s objective for 2014 was to achieve net loan growth in primarily these two categories in order to reduce dependence on CRE loans and begin to better diversify the composition of the portfolio. Net loan growth was achieved through overall loan originations of $1.4 billion in 2014. Loan growth accelerated in the second half of the year to an annualized growth rate of 7.1% and was driven by increased business activity, additional lending personnel, focused marketing efforts, expanded presence in larger urban markets and continued improvement in loan origination processes.

In 2014, interest expense decreased $9.6 million or 29.8% due to decreases in rates paid, a continued shift in the liability mix towards less expensive sources of funding, and a 0.4% decrease in total average interest bearing balances. The average rate paid on interest bearing liabilities decreased 21 basis points to 0.52% from 0.73% in 2013. Rates paid on deposits were nearly unchanged in all categories except certificates of deposit, which declined by 43 basis points as a result of management reducing offered rates in the current low interest rate environment. Improvements in the deposit funding mix also lowered the cost of funds, with average certificates of deposit decreasing to 27.6% of total average deposits from 32.1% last year. Average interest bearing deposits increased by $8.3 million from 2013, and non-interest bearing demand deposits increased by $123.4 million. Average deposits increased most significantly in demand and money market product categories, even as offered rates on interest bearing accounts remained low. Total average demand deposits, including interest bearing and non-interest bearing, increased $164.7 million or 9.3% in 2014 compared to 2013. Average certificates of deposit decreased by 11.8% as WesBanco continued to focus on reducing rate offerings and growing customers with multiple banking relationships, as opposed to single service certificate of deposit customers. In addition, a 29.2% reduction in higher-rate average other borrowings improved funding costs through the $22.0 million prepayment of higher-rate repurchase agreements in the third quarter, and through maturities. Increased FHLB borrowings in 2014 were generally due to the utilization of new short-term low-rate FHLB borrowings to manage normal liquidity needs, reducing the average rate on FHLB borrowings by 66 basis points. Average total FHLB and other borrowings decreased $22.9 million or 11.1%, due to maturities and paydowns, and were 4.1% of average interest bearing liabilities in 2014 compared to 4.6% in 2013.

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TABLE 2. AVERAGE BALANCE SHEETS AND NET INTEREST MARGIN ANALYSIS

	For the years ended December 31,
	2014							2013							2012
(dollars in thousands)	Average Balance		Interest		Average Rate			Average Balance		Interest		Average Rate			Average Balance		Interest		Average Rate
ASSETS
Due from banks-interest bearing	$	25,713	$	60		0.23	%	$	37,556	$	84		0.22	%	$	26,865	$	68		0.25	%
Loans, net of unearned income (1)		3,953,823		172,182		4.35	%		3,772,172		175,323		4.65	%		3,323,078		166,656		5.02	%
Securities: (2)
Taxable		1,158,738		29,233		2.52	%		1,175,865		29,193		2.48	%		1,270,446		32,461		2.56	%
Tax-exempt (3)		403,088		20,906		5.19	%		384,069		20,197		5.26	%		323,885		19,075		5.89	%
Total securities		1,561,826		50,139		3.21	%		1,559,934		49,390		3.17	%		1,594,331		51,536		3.23	%
Other earning assets (4)		11,726		927		7.91	%		15,165		162		1.07	%		19,621		102		0.52	%
Total earning assets (3)		5,553,088		223,308		4.02	%		5,384,827		224,959		4.18	%		4,963,895		218,362		4.40	%
Other assets		700,165							724,484							642,491
Total Assets	$	6,253,253						$	6,109,311						$	5,606,386
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest bearing demand deposits	$	899,887	$	1,568		0.17	%	$	858,679	$	1,415		0.16	%	$	755,908	$	1,526		0.20	%
Money market accounts		972,496		1,877		0.19	%		867,473		1,462		0.17	%		781,400		2,183		0.28	%
Savings deposits		822,221		532		0.06	%		770,687		525		0.07	%		645,310		864		0.13	%
Certificates of deposit		1,418,459		13,286		0.94	%		1,607,918		22,010		1.37	%		1,547,379		26,371		1.70	%
Total interest bearing deposits		4,113,063		17,263		0.42	%		4,104,757		25,412		0.62	%		3,729,997		30,944		0.83	%
Federal Home Loan Bank borrowings		81,159		968		1.19	%		62,344		1,151		1.85	%		130,048		4,473		3.44	%
Other borrowings		101,291		1,333		1.32	%		142,992		2,525		1.77	%		191,534		4,480		2.34	%
Junior subordinated debt		106,156		3,199		3.01	%		107,665		3,315		3.08	%		106,727		3,438		3.22	%
Total interest bearing liabilities		4,401,669		22,763		0.52	%		4,417,758		32,403		0.73	%		4,158,306		43,335		1.04	%
Non-interest bearing demand deposits		1,029,370							905,921							751,345
Other liabilities		41,791							52,383							40,051
Shareholders’ equity		780,423							733,249							656,684
Total Liabilities and Shareholders’ Equity	$	6,253,253						$	6,109,311						$	5,606,386
Net interest spread						3.50	%						3.45	%						3.36	%
Taxable-equivalent net interest margin (3)			$	200,545		3.61	%			$	192,556		3.58	%			$	175,027		3.53	%

(1) Total loans are gross of the allowance for loan losses, include loans held for sale, and are adjusted for net deferred loan fees comprised of unearned income net of deferred loan costs.

Non-accrual loans were included in the average volume for the entire period. Net loan fees included in interest income on loans totaled $3.5 million, $3.8 million and $4.0 million for the years ended December 31, 2014, 2013 and 2012, respectively. Additionally, loan accretion included in interest income on loans acquired from a 2012 acquisition was $1.4 million and $2.7 million for the years ended December 31, 2014 and 2013, respectively, while accretion on interest bearing liabilities from the 2012 acquisition was $0.7 million and $1.7 million for the years ended December 31, 2014 and 2013, respectively.

(2) Average yields on securities available-for-sale have been calculated based on amortized cost.

(3) The yield on earning assets and the net interest margin are presented on a fully taxable-equivalent (FTE) and annualized basis. The FTE basis adjusts for the tax benefit of income on certain tax-exempt loans and investments using the federal statutory tax rate of 35% for each period presented. WesBanco believes this measure to be the preferred industry measurement of net interest income and provides relevant comparison between taxable and non-taxable amounts.

(4) Interest income on other earning assets includes $0.5 million of interest on a federal income tax refund for the year ended December 31, 2014.

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TABLE 3. RATE/VOLUME ANALYSIS OF CHANGES IN INTEREST INCOME AND INTEREST EXPENSE (1)

	2014 Compared to 2013									2013 Compared to 2012
(in thousands)	Volume			Rate			Net Increase (Decrease)			Volume			Rate			Net Increase (Decrease)
Increase (decrease) in interest income:
Due from banks-interest bearing	$	(28	)	$	4		$	(24	)	$	24		$	(8	)	$	16
Loans, net of unearned income		8,212			(11,353	)		(3,141	)		21,542			(12,875	)		8,667
Taxable securities		(428	)		468			40			(2,367	)		(901	)		(3,268	)
Tax-exempt securities (2)		990			(280	)		710			3,305			(2,183	)		1,122
Other earning assets		(45	)		810			765			(26	)		86			60
Total interest income change (2)		8,701			(10,351	)		(1,650	)		22,478			(15,881	)		6,597
Increase (decrease) in interest expense:
Interest bearing demand deposits		70			83			153			194			(305	)		(111	)
Money market		190			225			415			222			(943	)		(721	)
Savings deposits		33			(26	)		7			146			(485	)		(339	)
Certificates of deposit		(2,371	)		(6,353	)		(8,724	)		981			(5,342	)		(4,361	)
Federal Home Loan Bank borrowings		291			(474	)		(183	)		(1,758	)		(1,564	)		(3,322	)
Other borrowings		(635	)		(557	)		(1,192	)		(995	)		(960	)		(1,955	)
Junior subordinated debt		(46	)		(70	)		(116	)		30			(153	)		(123	)
Total interest expense change		(2,468	)		(7,172	)		(9,640	)		(1,180	)		(9,752	)		(10,932	)
Net interest income increase (decrease) (2)	$	11,169		$	(3,179	)	$	7,990		$	23,658		$	(6,129	)	$	17,529

(1) Changes to rate/volume are allocated to both rate and volume on a proportionate dollar basis.

(2) The yield on earning assets and the net interest margin are presented on a fully taxable-equivalent (FTE) and annualized basis. The FTE basis adjusts for the tax benefit of income on certain tax-exempt loans and investments using the federal statutory tax rate of 35% for each period presented. WesBanco believes this measure to be the preferred industry measurement of net interest income and provides relevant comparison between taxable and non-taxable amounts.

PROVISION FOR CREDIT LOSSES

The provision for credit losses is the amount to be added to the allowance for credit losses after net charge-offs have been deducted to bring the allowance to a level considered appropriate to absorb probable losses in the loan portfolio. The provision for credit losses also includes the amount to be added to the reserve for loan commitments to bring that reserve to a level considered appropriate to absorb probable losses on unfunded commitments. The provision for credit losses for the year ended December 31, 2014 decreased 29.5% to $6.4 million compared to $9.1 million for the year ended December 31, 2013. This decrease is the result of a 34.5% decrease in net charge-offs, a 33.2% decrease in accruing non-restructured delinquent loans, and a 22.3% decrease in classified loans, all of which reflect an improved economic climate and WesBanco’s focus on achieving prudent loan growth and maintaining high credit quality. The provision for credit losses was lower than net charge-offs by $2.9 million in 2014 and $5.1 million in 2013 due to recognition of losses in both years that were provided for in prior years. (Please see the “Allowance for Credit Losses” section of this MD&A for additional discussion).

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TABLE 4. NON-INTEREST INCOME

	For the Years Ended December 31,						$ Change			% Change
(dollars in thousands)	2014			2013
Trust fees	$	21,069		$	19,577		$	1,492			7.6
Service charges on deposits		16,135			17,925			(1,790	)		(10.0	)
Electronic banking fees		12,708			12,198			510			4.2
Net securities brokerage revenue		6,922			6,248			674			10.8
Bank-owned life insurance		4,614			4,664			(50	)		(1.1	)
Net gains on sales of mortgage loans		1,604			2,614			(1,010	)		(38.6	)
Net securities gains		903			684			219			32.0
Net losses on other real estate owned and other assets		(1,006	)		(81	)		(925	)		(1,142.0	)
Net insurance services revenue		2,733			2,734			(1	)		(0.0	)
Other		2,822			2,722			100			3.7
Total non-interest income	$	68,504		$	69,285		$	(781	)		(1.1	)

Non-interest income is a significant source of revenue and an important part of WesBanco’s results of operations. WesBanco offers its customers a wide range of retail, commercial, investment and electronic banking services, which are viewed as a vital component of WesBanco’s ability to attract and maintain customers, as well as providing additional fee income beyond normal spread-related income to WesBanco. Non-interest income decreased $0.8 million or 1.1% compared to 2013. The third quarter of 2014 included a $1.4 million charge related to the prepayment of a repurchase agreement. Excluding the prepayment charge, non-interest income increased $0.6 million, or 0.9% for the year primarily from increased trust fees, securities brokerage revenue and net security gains, while service charges on deposits and gains on sales of loans decreased.

Trust fees increased $1.5 million or 7.6% as assets under management continued to increase from customer development initiatives and overall market improvements. Total trust assets were $3.8 billion at December 31, 2014, representing an increase of 4.1% from $3.7 billion at December 31, 2013. At December 31, 2014, trust assets include managed assets of $3.1 billion and non-managed (custodial) assets of $0.7 billion. Assets managed for the WesMark Funds, a proprietary group of mutual funds that is advised by WesBanco’s trust and investment services group, were $952.1 million as of December 31, 2014 and $900.0 million at December 31, 2013 and are included in trust managed assets.

Service charges on deposits decreased 10.0% for the year compared to 2013 due to lower overdraft fees that are affected by lower customer usage patterns, implementation of certain FDIC guidelines for overdraft products, consistent increases in deposit levels and higher average deposits per account.

Electronic banking fees, which include debit card interchange fees, continued to grow, increasing 4.2% compared to 2013, due to a higher volume of debit card transactions, which have continued to grow due to marketing and process initiatives and as customers move more towards electronic transactions and a higher percentage of customers using these products.

Net securities brokerage revenue increased $0.7 million or 10.8% compared to 2013 due to improved production from existing markets, additional market coverage in the newer western Pennsylvania market, the addition of support and producing staff in several regions, as well as an increase in referrals and production from a licensed retail banker program.

Net gains on sales of mortgage loans decreased 38.6% compared to 2013 as the weak housing market reduced housing demand and lower refinancings resulting in lower mortgage activity. Total mortgage production was $283.4 million in 2014, down 27.8% from 2013. Mortgages sold into the secondary market represented

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$101.7 million or 35.9% of overall mortgage loan production in 2014 compared to $129.2 million or 32.9% in 2013. Mortgage activity was also impacted by new Qualified Mortgage and Ability-to-Repay rules, which have somewhat limited the Bank’s product offerings to certain non-qualified customers.

Net losses on other real estate owned and other assets increased $0.9 million due to a $1.4 million charge in the third quarter 2014 related to the $22.0 million prepayment of higher-rate repurchase agreements.

TABLE 5. NON-INTEREST EXPENSE

	For the Years Ended December 31,				$ Change			% Change
(dollars in thousands)	2014		2013
Salaries and wages	$	67,408	$	65,431	$	1,977			3.0
Employee benefits		21,518		23,255		(1,737	)		(7.5	)
Net occupancy		12,122		11,809		313			2.7
Equipment		11,542		10,669		873			8.2
Marketing		5,242		5,174		68			1.3
FDIC insurance		3,376		3,725		(349	)		(9.4	)
Amortization of intangible assets		1,920		2,288		(368	)		(16.1	)
Restructuring and merger-related expenses		1,309		1,310		(1	)		(0.1	)
Franchise and other miscellaneous taxes		6,748		5,887		861			14.6
Consulting, regulatory, accounting and advisory fees		4,405		4,445		(40	)		(0.9	)
ATM and electronic banking interchange expenses		4,222		4,310		(88	)		(2.0	)
Postage and courier expenses		3,373		3,317		56			1.7
Communications		1,555		2,717		(1,162	)		(42.8	)
Supplies		2,425		2,675		(250	)		(9.3	)
Legal fees		2,531		2,549		(18	)		(0.7	)
Other real estate owned and foreclosure expenses		1,101		1,753		(652	)		(37.2	)
Other		10,836		9,684		1,152			11.9
Total non-interest expense	$	161,633	$	160,998	$	635			0.4

Non-interest expense in 2014 increased $0.6 million or 0.4% compared to 2013. Overall, employee-related costs increased $0.2 million, while all other non-interest expenses collectively increased $0.4 million.

Salaries and wages increased $2.0 million in 2014 due to routine annual adjustments to compensation, increased brokerage revenue commissions and higher incentive and stock-based compensation granted in 2014, partially offset by lower average full time employees (“FTEs”). Employee benefit expenses decreased 7.5% in 2014 primarily from decreased pension expense and other benefits expense, partially offset by higher healthcare costs.

Net occupancy and equipment expense increased $1.2 million or 5.3% in 2014 due to increased depreciation and other maintenance costs resulting from the opening of three branches over the last five quarters, significant upgrades to our data processing and communications infrastructure, including a new mainframe computer, new disaster recovery site, new mobile banking capabilities, and other internal infrastructure placed into service during the second half of 2013. In addition, new teller cash recycling machines continued to be introduced into our branches, which have improved the speed of customer service, improved cash controls and reduced full-time equivalent employees. Higher weather-related expenses also contributed to the increase in net occupancy year-over-year.

Marketing expenses, which included multiple marketing campaigns targeting non-interest bearing checking accounts and debit card usage, as well as home equity and other consumer loans, remained flat for 2014.

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FDIC insurance decreased $0.3 million or 9.4% compared to 2013 due to a lower assessment rate from improved financial ratios which are used to calculate the assessment rate.

Restructuring and merger-related expenses of $1.3 million in 2014 related to the ESB acquisition include $0.5 million in legal expenses, $0.3 million in investment banking services, $0.3 million related to systems conversion, and $0.2 million of various other merger-related expenses. Estimated pre-tax merger-related expenses of approximately $12.0 to $13.0 million are expected to be recognized in WesBanco’s Consolidated Statements of Income for the twelve months ending December 31, 2015, primarily in the first quarter.

Miscellaneous taxes increased $0.9 million or 14.6% in 2014 due to increased Pennsylvania franchise taxes.

Communications expense decreased $1.2 million or 42.8% from 2013 due to the implementation of a company-wide modernization of the internal communication and personal computer infrastructure.

Other real estate owned and foreclosure expenses decreased $0.7 million in 2014 compared to 2013 due to lower foreclosure and liquidation activity.

Other non-interest expense increased $1.2 million in 2014 compared to 2013 due to customer fraud losses recognized totaling $0.6 million, higher banking call center expenses and other miscellaneous operating expenses.

INCOME TAXES

The provision for federal and state income taxes increased to $23.7 million in 2014 compared to $20.8 million in 2013. The increase in income tax expense was due to a $9.0 million increase in pre-tax income, which caused a higher effective tax rate of 25.3% compared to 24.5% for 2013.

FINANCIAL CONDITION

Total assets, total borrowings and shareholders’ equity increased 2.5%, 38.4% and 5.6%, respectively, in 2014, while total deposits decreased 0.3% compared to December 31, 2013. The increase in total assets was primarily the result of a $191.8 million or 4.9% increase in the loan portfolio. Loan growth was achieved through $1.4 billion in loan originations in 2014, which were a result of increased business activity in markets impacted by Marcellus and Utica shale gas drilling, additional lending personnel, focused marketing efforts, an expanded presence in larger urban markets, and continued improvement in the loan origination process. Loan growth was funded primarily by growth in demand and money market deposits, short-term FHLB borrowings and maturing securities. The decrease in deposits resulted from a 13.7% decrease in certificates of deposit due to lower rate offerings on maturities, which was partially offset by a 7.0% increase in demand deposits, a 6.7% increase in savings deposits and a 1.3% increase money market deposits. The increases in these deposits were attributable to marketing, marketing incentives paid to customers, focused retail and business strategies to obtain more account relationships, and customers’ overall preference for short-term maturities. These increases were also achieved through approximately $237 million in initial deposits from bonus and royalty payments for Marcellus and Utica shale gas payments from energy companies in WesBanco’s southwestern Pennsylvania, eastern Ohio and northern West Virginia markets. Total shareholders’ equity increased by $41.6 million primarily due to net income exceeding dividends by $44.2 million for the year, which was partially offset by a $6.1 million decrease in accumulated other comprehensive income. The decrease in accumulated other comprehensive income resulted from a $14.8 million unrealized loss in the defined benefit pension plan during the year, which was partially offset by $8.7 million in unrealized gains in the securities portfolio. The tangible equity to tangible assets ratio (non-GAAP measure) increased to 7.88% at December 31, 2014 from 7.35% at December 31, 2013, primarily as a result of the increase in shareholders’ equity at a faster pace than the increase in tangible assets. See “Item 6. Selected Financial Data—Non-GAAP Measures” for additional information relating to the calculation of this item.

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SECURITIES

TABLE 6. COMPOSITION OF SECURITIES (1)

	December 31,						2014-2013						December 31,
(dollars in thousands)	2014			2013			$ Change			% Change			2012
Available-for-sale (at fair value)
Obligations of government agencies	$	87,736		$	73,232		$	14,504			19.8		$	96,612
Residential mortgage-backed securities and collateralized mortgage obligations of government agencies		701,113			694,267			6,846			1.0			732,210
Obligations of states and political subdivisions		91,433			116,346			(24,913	)		(21.4	)		148,635
Corporate debt securities		25,996			38,481			(12,485	)		(32.4	)		32,685
Total debt securities		906,278			922,326			(16,048	)		(1.7	)		1,010,142
Equity securities		11,146			12,060			(914	)		(7.6	)		11,102
Total available-for-sale securities	$	917,424		$	934,386		$	(16,962	)		(1.8	)	$	1,021,244
Held-to-maturity (at amortized cost)
Residential mortgage-backed securities and collateralized mortgage obligations of government agencies		79,004			99,409			(20,405	)		(20.5	)		152,872
Other residential collateralized mortgage obligations		—			—			—			—			353
Obligations of states and political subdivisions		507,927			496,396			11,531			2.3			449,284
Corporate debt securities		6,739			2,715			4,024			148			—
Total held-to-maturity securities		593,670			598,520			(4,850	)		(0.8	)		602,509
Total securities	$	1,511,094		$	1,532,906		$	(21,812	)		(1.4	)	$	1,623,753
Available-for-sale securities:
Weighted average yield at the respective year end (2)		2.34	%		2.36	%								2.36	%
As a % of total securities		60.7	%		61.0	%								62.9	%
Weighted average life (in years)		4.0			4.2									3.2
Held-to-maturity securities:
Weighted average yield at the respective year end (2)		4.67	%		4.65	%								4.52	%
As a % of total securities		39.3	%		39.0	%								37.1	%
Weighted average life (in years)		5.1			6.7									5.2
Total securities:
Weighted average yield at the respective year end (2)		3.27	%		3.26	%								3.16	%
As a % of total securities		100.0	%		100.0	%								100.0	%
Weighted average life (in years)		4.4			5.8									3.9

(1) At December 31, 2014, 2013 and 2012, there were no holdings of any one issuer, other than the U.S. government and certain federal or federally-related agencies, in an amount greater than 10% of WesBanco’s shareholders’ equity.

(2) Weighted average yields have been calculated on a taxable-equivalent basis using the federal statutory tax rate of 35%.

Total investment securities, which represent a source of liquidity for WesBanco as well as a contributor to interest income, decreased $21.8 million or 1.4% from December 31, 2013 to December 31, 2014. The overall securities decrease for the year was due to decreases in mortgage-backed securities, obligations of states and political subdivisions and corporate securities, partially offset by increases in obligations of government agencies. WesBanco does not have any investments in private mortgage-backed securities or those that are collateralized by sub-prime mortgages, nor does WesBanco have any exposure to collateralized debt obligations or government-sponsored enterprise preferred stocks.

The investment portfolio’s tax-equivalent yield at year end, including both the held-to-maturity and available-for-sale portfolios, increased from 3.26% at December 31, 2013, to 3.27% at December 31, 2014. The

41

increase in the portfolio yield is attributable to increased purchases of held-to-maturity tax-exempt municipal obligations, which due to their tax-exempt status generally have a higher tax-equivalent yield than other categories of fixed income investments, higher investment rates as compared to 2013 and a slowing of prepayment speeds in mortgage-backed securities which increases their yield. Total cash flows from the portfolio of $31.8 million in 2014 decreased by $22.6 million from $54.4 million in 2013 primarily due to security sales. Cash flows from the portfolio due to calls, maturities and prepayments decreased in 2014 by 20% to $262.8 million, from $327.5 million for 2013. Reduced prepayment speeds on mortgage-backed securities in 2014 contributed to the decrease in cash flows from calls, maturities and prepayments.

Total gross unrealized securities losses decreased by $25.4 million, from $33.9 million at December 31, 2013 to $8.5 million at December 31, 2014. WesBanco had $113.7 million in investment securities in an unrealized loss position for less than twelve months at December 31, 2014, which decreased considerably from the $769.4 million for the same category at December 31, 2013. This decrease was due to a decrease in intermediate and long-term market interest rates throughout 2014. In addition, at December 31, 2014, WesBanco had $325.9 million in investment securities in an unrealized loss position for more than twelve months, which was an increase from the $92.7 million for the same category at December 31, 2013. WesBanco believes that all of the unrealized securities losses at December 31, 2014 were temporary impairment losses. Please refer to Note 3, “Securities,” of the Consolidated Financial Statements for additional information.

Net unrealized pre-tax gains (losses) on available-for-sale securities were $4.6 million at December 31, 2014, compared to ($9.7) million at December 31, 2013. These net unrealized pre-tax losses and gains represent temporary fluctuations resulting from changes in market rates in relation to fixed yields in the available-for-sale portfolio, and on an after-tax basis are accounted for as an adjustment to other comprehensive income in shareholders’ equity. Net unrealized pre-tax gains in the held-to-maturity portfolio, which are not accounted for in other comprehensive income, were $25.9 million at December 31, 2014, compared to net unrealized pre-tax losses of ($2.2) million at December 31, 2013. The unrealized gains related to the held-to-maturity portfolio at December 31, 2014 and 2013 are for similar reasons as those securities in the available-for-sale category.

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TABLE 7. MATURITY DISTRIBUTION AND YIELD ANALYSIS OF SECURITIES

The following table presents the amortized cost and tax-equivalent yields of available-for-sale and held-to-maturity securities by contractual maturity at December 31, 2014. In some instances, the issuers may have the right to call or prepay obligations without penalty prior to the contractual maturity date.

	December 31, 2014
	One Year or less					One to Five Years					Five to Ten Years					Over Ten Years					Mortgage- backed and equity					Total
(dollars in thousands)	Amount		Yield (1)			Amount		Yield (1)			Amount		Yield (1)			Amount		Yield (1)			Amount		Yield (1)			Amount		Yield (1)
Available-for-sale
Obligations of government agencies	$	—		—		$	25,791		1.34	%	$	44,199		2.53	%	$	16,974		2.26	%	$	—		—		$	86,964		2.12	%
Residential mortgage-backed securities and collateralized mortgage obligations of government agencies (2)		—		—			—		—			—		—			—		—			703,535		1.96	%		703,535		1.96	%
Obligations of states and political subdivisions (3)		6,211		6.94	%		31,462		6.22	%		18,093		5.38	%		30,307		4.98	%		—		—			86,073		5.66	%
Corporate debt securities		10,000		1.17	%		2,028		2.54	%		8,960		1.40	%		4,986		3.86	%		—		—			25,974		1.87	%
Equity securities (4)		—		—			—		—			—		—			—		—			10,304		2.00	%		10,304		2.00	%
Total available-for-sale securities	$	16,211		3.38	%	$	59,281		3.97	%	$	71,252		3.11	%	$	52,267		3.99	%	$	713,839		1.96	%	$	912,850		2.34	%
Held-to-maturity
Residential mortgage-backed securities and collateralized mortgage obligations of government agencies (2)	$	—		—		$	—		—		$	—		—		$	—		—		$	79,004		3.39	%	$	79,004		3.39	%
Obligations of states and political subdivisions (3)		3,354		3.98	%		13,552		3.02	%		204,283		4.98	%		286,738		4.86	%		—		—			507,927		4.85	%
Corporate debt securities		—		—			—		—			6,739		3.23	%		—		—			—		—			6,739		3.23	%
Total held-to-maturity securities	$	3,354		3.98	%	$	13,552		3.02	%	$	211,022		4.92	%	$	286,738		4.86	%	$	79,004		3.39	%	$	593,670		4.67	%
Total securities	$	19,565		3.49	%	$	72,833		3.79	%	$	282,274		4.46	%	$	339,005		4.72	%	$	792,843		2.10	%	$	1,506,520		3.27	%

(1) Yields are determined based on the lower of the yield-to-call or yield-to-maturity.

(2) Mortgage-backed and collateralized mortgage securities, which have prepayment provisions, are not assigned to maturity categories due to fluctuations in their prepayment speeds. Projected prepayments based on current speeds within one year, between one and five years, between five and ten years and over ten years are expected to be approximately $152.6 million, $303.9 million, $264.8 million and $61.2 million, respectively.

(3) Average yields on obligations of states and political subdivisions have been calculated on a taxable-equivalent basis using the federal statutory tax rate of 35%.

(4) Equity securities, which have no stated maturity, are not assigned a maturity category.

Cost-method investments consist primarily of FHLB of Pittsburgh and FHLB of Cincinnati stock totaling $11.6 million at December 31, 2014 and 2013, respectively, and are included in other assets in the Consolidated Balance Sheets.

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WesBanco’s municipal portfolio, comprised of both tax-exempt and taxable securities, totals 39.7% of the overall securities portfolio as of December 31, 2014, and it carries different risks that are not as prevalent in other security types contained in the portfolio. The following table presents the allocation of the municipal bond portfolio based on the combined S&P and Moody’s ratings of the individual bonds:

TABLE 8. MUNICIPAL BOND RATINGS

	December 31, 2014				December 31, 2013
(dollars in thousands)	Amount		% of Total		Amount		% of Total
Municipal bonds (at fair value) (1):
Moody’s: Aaa / S&P: AAA	$	50,205		8.1	$	45,898		7.5
Moody’s: Aa1 ; Aa2 ; Aa3 / S&P: AA+ ; AA ; AA-		449,219		72.1		429,250		70.5
Moody’s: A1 ; A2 ; A3 / S&P: A+ ; A ; A-		117,398		18.9		118,126		19.4
Moody’s: Baa1 ; Baa2 ; Baa3 / S&P: BBB+ ; BBB ; BBB- (2)		1,958		0.3		9,013		1.5
Not rated by either agency		3,454		0.6		6,707		1.1
Total municipal bond portfolio	$	622,234		100.0	$	608,994		100.0

(1) The highest available rating was used when placing the bond into a category in the table.

(2) As of December 31, 2014 and 2013, there are no securities in the municipal portfolio rated below investment grade.

WesBanco’s municipal bond portfolio consists of both taxable (primarily Build America Bonds) and tax-exempt general obligation and revenue bonds. The following table presents additional information regarding the municipal bond type and issuer (at fair value):

TABLE 9. COMPOSITION OF MUNICIPAL SECURITIES

	December 31, 2014				December 31, 2013
(dollars in thousands)	Amount		% of Total		Amount		% of Total
Municipal bond type:
General Obligation	$	432,967		69.6	$	428,705		70.4
Revenue		189,267		30.4		180,289		29.6
Total municipal bond portfolio	$	622,234		100.0	$	608,994		100.0
Municipal bond issuer:
State Issued	$	53,931		8.7	$	51,389		8.4
Local Issued		568,303		91.3		557,605		91.6
Total municipal bond portfolio	$	622,234		100.0	$	608,994		100.0

The amortized cost of the municipal bond portfolio at December 31, 2014 and December 31, 2013 was $594.0 million and $608.9 million, respectively.

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WesBanco’s municipal bond portfolio is broadly spread across the United States. The following table presents the top five states of municipal bond concentration based on total fair value at December 31, 2014:

TABLE 10. CONCENTRATION OF MUNICIPAL SECURITIES

	December 31, 2014
(dollars in thousands)	Fair Value		% of Total
Pennsylvania	$	167,566		26.9
Ohio		82,735		13.3
Texas		76,666		12.3
Illinois		33,153		5.3
Michigan		23,949		3.8
All other states (1)		238,165		38.4
Total municipal bond portfolio	$	622,234		100.0

(1) WesBanco’s municipal bond portfolio contains obligations in the State of West Virginia totaling $15.8 million or 2.5% of the total municipal portfolio.

WesBanco uses prices from independent pricing services and, to a lesser extent, indicative (non-binding) quotes from independent brokers, to measure the fair value of its securities. WesBanco validates prices received from pricing services or brokers using a variety of methods, including, but not limited to, comparison to secondary pricing services, corroboration of pricing by reference to other independent market data such as secondary broker quotes and relevant benchmark indices, review of pricing by personnel familiar with market liquidity and other market-related conditions, review of pricing service methodologies, review of independent auditor reports received from the pricing service regarding its internal controls, and through review of inputs and assumptions used in pricing certain securities thinly traded or with limited observable data points. The procedures in place provide management with a sufficient understanding of the valuation models, assumptions, inputs and pricing to reasonably measure the fair value of WesBanco’s securities. For additional disclosure relating to fair value measurement, refer to Note 14, “Fair Value Measurement” in the Consolidated Financial Statements.

LOANS AND LOAN COMMITMENTS

Loans represent WesBanco’s largest balance sheet asset classification and the largest source of interest income. Commercial loans include commercial real estate (“CRE”), which is further differentiated between land and construction, and improved property loans; as well as other commercial and industrial (“C&I”) loans that are not 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 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.

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Loans and loan commitments are summarized in Table 11.

TABLE 11. LOANS AND COMMITMENTS

	December 31,
	2014				2013				2012				2011				2010
(dollars in thousands)	Amount		% of Total		Amount		% of Total		Amount		% of Total		Amount		% of Total		Amount		% of Total
LOANS
Commercial real estate:
Land and construction	$	262,643		6.4	$	263,117		6.7	$	193,004		5.2	$	175,867		5.4	$	154,841		4.7
Improved property		1,682,817		41.1		1,649,802		42.3		1,665,341		44.9		1,509,698		46.5		1,602,408		48.6
Total commercial real estate		1,945,460		47.5		1,912,919		49.0		1,858,345		50.1		1,685,565		51.9		1,757,249		53.3
Commercial and industrial		638,410		15.6		556,249		14.3		478,025		12.9		426,315		13.1		412,726		12.5
Total commercial loans		2,583,870		63.1		2,469,168		63.3		2,336,370		63.0		2,111,880		65.0		2,169,975		65.8
Residential real estate:
Land and construction		19,681		0.5		27,559		0.7		11,805		0.3		9,654		0.3		7,714		0.2
Other mortgages		909,089		22.2		863,245		22.1		781,897		21.0		611,729		18.9		600,979		18.2
Home equity lines of credit		330,031		8.1		284,687		7.3		277,226		7.5		251,785		7.8		249,423		7.6
Total residential real estate		1,258,801		30.8		1,175,491		30.1		1,070,928		28.8		873,168		27.0		858,116		26.0
Consumer		244,095		6.0		250,258		6.4		280,464		7.6		254,320		7.8		260,585		7.9
Total retail loans		1,502,896		36.8		1,425,749		36.5		1,351,392		36.4		1,127,488		34.8		1,118,701		33.9
Total portfolio loans		4,086,766		99.9		3,894,917		99.8		3,687,762		99.4		3,239,368		99.8		3,288,676		99.7
Loans held for sale		5,865		0.1		5,855		0.2		21,903		0.6		6,084		0.2		10,800		0.3
Total loans	$	4,092,631		100.0	$	3,900,772		100.0	$	3,709,665		100.0	$	3,245,452		100.0	$	3,299,476		100.0
LOAN COMMITMENTS
Commercial real estate:
Land and construction	$	276,075		22.5	$	305,600		26.4	$	188,764		17.0	$	122,946		14.5	$	61,014		8.8
Improved property		81,715		6.7		60,387		5.2		113,164		10.2		102,677		12.1		72,907		10.5
Total commercial real estate		357,790		29.2		365,987		31.6		301,928		27.2		225,623		26.6		133,921		19.3
Commercial and industrial		420,577		34.2		383,327		33.0		408,322		36.8		297,203		35.1		252,522		36.5
Total commercial commitments		778,367		63.4		749,314		64.6		710,250		64.0		522,826		61.7		386,443		55.8
Residential real estate:
Land and construction		17,402		1.4		15,661		1.4		5,817		0.6		4,299		0.5		3,109		0.5
Other mortgages		9,227		0.8		5,461		0.5		10,226		0.9		6,773		0.8		3,631		0.5
Home equity lines of credit		297,888		24.2		268,302		23.1		256,324		23.1		209,769		24.8		200,310		28.9
Total residential real estate		324,517		26.4		289,424		25.0		272,367		24.6		220,841		26.1		207,050		29.9
Consumer		26,115		2.1		23,256		2.0		26,283		2.4		15,358		1.8		14,894		2.2
Total retail commitments		350,632		28.5		312,680		27.0		298,650		27.0		236,199		27.9		221,944		32.1
Total portfolio commitments		1,128,999		91.9		1,061,994		91.6		1,008,900		91.0		759,025		89.6		608,387		87.9
Deposit overdraft limits		95,965		7.8		96,291		8.3		93,654		8.5		85,981		10.1		81,142		11.7
Commitments held for sale		3,784		0.3		1,733		0.1		5,902		0.5		2,415		0.3		2,945		0.4
Total loan commitments	$	1,228,748		100.0	$	1,160,018		100.0	$	1,108,456		100.0	$	847,421		100.0	$	692,474		100.0
Letters of credit included above	$	23,362		1.9	$	20,447		1.8	$	20,078		1.8	$	37,719		4.4	$	35,794		5.2

Total portfolio loans increased $192 million or 4.9% from December 31, 2013 to December 31, 2014, primarily due to a 14.8% increase in C&I loans and a 15.9% increase in HELOCs. Management’s objective for 2014 was to achieve net loan growth primarily in these two categories in order to reduce dependence on CRE loans and begin to better diversify the composition of the portfolio. Net loan growth was achieved despite a slight decrease in total new loan originations from $1.6 billion in 2013 to $1.4 billion in 2014, as large loan payoffs decreased.

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C&I loans increased $82 million or 14.8% from December 31, 2013 to December 31, 2014. C&I growth was achieved through the addition of lending personnel and increased business development efforts that resulted in obtaining new commercial customer relationships, new opportunities created by the Fidelity acquisition in November 2012 and the resulting expanded presence in the Pittsburgh, Pennsylvania market, increased business activity due to generally improved economic conditions in all markets as well as those impacted by Marcellus and Utica shale gas drilling activity.

HELOC loans increased $45 million or 15.9% from December 31, 2013 to December 31, 2014. This growth was achieved primarily through regular marketing activities and the introduction of a new more competitive HELOC product containing features that customers found desirable.

CRE continues to represent a significant component of the loan portfolio. CRE—improved property loans increased $33 million or 2.0% from December 31, 2013 to December 31, 2014 primarily from the reclassification of construction loans upon completion of new projects. CRE—improved property growth was also tempered by periodic unscheduled payoffs of loans that were refinanced in the secondary market, some of which occurred shortly after completion of construction. CRE—land and construction loan balances were virtually unchanged from December 31, 2013 to December 31, 2014 as periodic construction advances were offset by reclassification of completed projects. Management also intentionally limited new construction lending in the second half of 2014 due to concentration concerns, particularly in the hospitality segment.

Residential real estate mortgage loans increased $46 million or 5.3% from December 31, 2013 to December 31, 2014. This growth was achieved despite a difficult mortgage lending environment due to new, complex mortgage lending regulations and a decline in mortgage refinancing activity. Only 28% of mortgages originated in 2014 were refinances of existing mortgages compared to 45% in 2013. WesBanco retained approximately 64% of mortgages originated in 2014 for the portfolio compared to 67% in 2013.

Consumer loans decreased $6 million or 2.5% from December 31, 2013 to December 31, 2014. Consumer loans continue to decline due to lower demand and a shift from traditional consumer loan products to HELOC loans but at a slower pace than in previous years due to successful consumer lending sales campaigns in our branches.

Total loan commitments increased $69 million or 5.9% from December 31, 2013 to December 31, 2014. CRE—land and construction commitments decreased $30 million or 9.7% as projects originated prior to 2014 were funded during the year and management intentionally limited new construction lending. C&I and HELOC commitments increased $37 million or 9.7% and $30 million or 11.0%, respectively, as a result of growth in available balances consistent with the overall growth in these categories of loans.

Geographic Distribution—WesBanco primarily extends credit within the market areas where it has branch offices. Loans outside of market are generally only made to established customers that have other business relationships with WesBanco in its markets. Loans outside of WesBanco’s markets represented less than 2% and 3% of total loans at December 31, 2014 and 2013, respectively. These loans consist primarily of residential real estate loans for second residences or vacation homes, consumer purpose lines of credit to wealth management customers, automobile loans to family members of local customers, and recreational vehicle loans originated through broker-dealers from 2004 through 2009. Out-of-market CRE—land and construction loans increased from 3% to 6% of the category as a result of one loan to an established customer. Management has no current plans to significantly increase out-of-market loans.

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The geographic distribution of the loan portfolio excluding deposit overdraft limits and loans held for sale is summarized in Table 12.

TABLE 12. GEOGRAPHIC DISTRIBUTION OF LOANS

	December 31, 2014
	Commercial Real Estate						Commercial and Industrial			Residential Real Estate			Home Equity Lines
(percentage of exposure, rounded to nearest whole percent)	Land and Construction			Improved Property												Consumer			Total
Upper Ohio Valley MSAs		4	%		12	%		31	%		16	%		22	%		23	%		17	%
Morgantown, WV MSA		5			5			12			6			6			5			6
Parkersburg, WV-Marietta, OH MSA		3			7			6			4			7			6			6
Other West Virginia Locations		8			8			10			16			15			20			12
Pittsburgh, PA MSA & Western Pennsylvania		12			18			17			15			12			19			16
Columbus, OH MSA		48			20			10			11			7			4			16
Western Ohio MSAs		7			16			3			14			15			4			12
Other Ohio Locations		7			13			8			16			15			13			13
Adjacent States & Outside-of-Market		6			1			3			2			1			6			2
Total		100	%		100	%		100	%		100	%		100	%		100	%		100	%

The Upper Ohio Valley Metropolitan Statistical Areas (“MSAs” or “MSA”) include the Wheeling, West Virginia and Weirton, West Virginia-Steubenville, Ohio MSAs. Other West Virginia locations include the Fairmont-Clarksburg and Charleston MSAs as well as communities that are not located within an MSA primarily in the northern, central and eastern parts of the state. The western Ohio MSAs include the Dayton-Springfield and the Cincinnati-Middletown MSAs. Other Ohio locations include communities in Ohio that are not located within an MSA, the majority of which are located in southeastern Ohio. Adjacent states include parts of Indiana, Kentucky and Maryland that are within close proximity to WesBanco’s markets. Outside-of-market loans consist of loans in all other locations not included in any of the other defined areas.

The only significant changes in the geographic distributions of loans from December 31, 2013 to December 31, 2014 were in the CRE—land and construction category. The percentage of this category decreased from 9% to 4% in the Upper Ohio Valley MSAs and from 18% to 12% in the Pittsburgh MSA and western Pennsylvania due to completion in 2014 of several Marcellus and Utica shale driven construction of hotels in both markets and pre-leased office buildings in western Pennsylvania. Conversely, the percentage of this category increased from 40% to 48% in the Columbus MSA due to new loans for construction of multi-family apartment projects in that market.

CREDIT RISK

The risk that borrowers will be unable or unwilling to repay their obligations is inherent in all lending activities. Repayment risk can be impacted by external events such as adverse economic conditions, social and political influences that impact entire industries or major employers, individual loss of employment or other personal calamities, and changes in interest rates. This inherent risk may be further exacerbated by the terms and structure of each loan as well as potential concentrations of risk. The primary goal of managing credit risk is to minimize the impact of all of these factors on the quality of the loan portfolio.

Credit risk is managed through the initial underwriting process as well as through ongoing monitoring and administration of the portfolio. Credit policies establish standard underwriting guidelines for each type of loan and require an appropriate evaluation of the credit characteristics of each borrower. This evaluation focuses on the sufficiency and sustainability of the primary source of repayment, the adequacy of collateral, if any, as a secondary source of repayment, and other factors unique to each type of loan that may increase or mitigate their risk. The manner and degree of monitoring and administration of the portfolio varies by type and size of loan.

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Credit risk is also managed by closely monitoring delinquency levels and trends, and initiating collection efforts at the earliest stage of delinquency. WesBanco also monitors general economic conditions, including unemployment, housing activity and real estate values in its markets. Underwriting standards are modified when appropriate based on market conditions, the performance of one or more loan categories, and other external factors. An independent loan review function also performs periodic reviews of the portfolio to assess the adequacy and effectiveness of underwriting, loan documentation and portfolio administration.

Each category of loans contain distinct elements of risk that impact the manner in which those loans are underwritten, structured, documented, administered and monitored. Customary terms and underwriting practices, together with specific risks associated with each category of loans and WesBanco’s processes for managing those risks are discussed in the remainder of this section.

Commercial Loans—The commercial portfolio consists of loans to a wide range of business enterprises. The average commercial loan approximates $388,000 at December 31, 2014 compared to $361,000 at December 31, 2013. However, many commercial loans are for larger amounts and often involve multiple loans to one borrower or a group of related borrowers, therefore the potential for loss on any single transaction can be significantly greater for commercial loans than for retail loans. Commercial loan risk is mitigated by limiting total credit exposure to individual borrowers or groups of borrowers, industries and geographic markets and by requiring appropriate collateral or guarantors.

Commercial loans are monitored for potential concentrations of loans to one borrower or group of related borrowers. The ten largest commercial relationships in total ranged from $450 million to $500 million throughout 2014 and 2013. These large relationships generally consist of more than one loan to a borrower or their related entities. The single largest relationship exposure approximated $75 million at December 31, 2014 and 2013 and consists of multiple loans to a CRE developer for several projects. The largest CRE loan exposure by property type and industry are set forth in tables 14 and 16. WesBanco’s legal lending limit to any single borrower or their related interests approximates $80 million at December 31, 2014.

Commercial loans, including renewals and extensions of maturity, are approved within a framework of individual lending authorities based on the total credit exposure of the borrower. Loans with credit exposure up to $500,000 are approved by underwriters that are not responsible for loan origination. Loans with credit exposure greater than $500,000 minimally require the approval of a senior commercial banking officer, and credit exposures greater than $1.5 million require approval of a credit officer that is not responsible for loan origination. Credit exposures greater than $10 million require approval of a credit committee comprised of executive management, directors, and other qualified persons that do not have individual lending authority and are not responsible for loan origination. Underwriters and credit officers do not receive incentive compensation based on loan origination volume. Senior commercial banking officers receive incentive compensation based on multiple factors that include loan origination, net growth in outstanding loan balances, credit quality, and portfolio administration requirements.

CRE—land and construction consists of loans to finance land for development, investment, use in a commercial business enterprise, agricultural or minerals extraction; construction of residential dwellings for resale, multi-family apartments and other commercial buildings that may be owner-occupied or income generating investments for the owner. Construction loans generally are made only when WesBanco also commits to the permanent financing of the project, has a takeout commitment from another lender for the permanent loan, or the loan is expected to be repaid from the sale of subdivided property. However, even if WesBanco has a takeout commitment, construction loans are underwritten as if WesBanco will retain the loan upon completion of construction. In recent years, many construction loans that did not have a takeout commitment when the loan originated have been refinanced in the secondary market immediately upon completion of construction at times, resulting in significant unscheduled payoffs of loans.

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CRE—improved property loans consist of loans to purchase or refinance owner-occupied and investment properties. Owner-occupied CRE consists of loans to borrowers in a diverse range of industries and property types. Investment properties include multi-family apartment buildings, 1-to-4 family rental units, and various types of commercial buildings that are rented or leased to unrelated parties of the owner.

C&I loans consist of revolving lines of credit to finance accounts receivable, inventory and other general business purposes; term loans to finance fixed assets other than real estate, and letters of credit to support trade, insurance or governmental requirements for a variety of businesses. Most C&I borrowers are privately-held companies with annual sales up to $50 million.

CRE—land and construction loans require payment of interest only during the construction period, with initial terms ranging from six months to up to three years for larger, multiple-phase projects such as residential housing developments and large scale commercial projects. Interest rates are often fully floating based on an appropriate index but may also be structured in the same manner as the interest rate that will apply to the permanent loan upon completion of construction. Interest during the construction period is typically included in the project costs and therefore is often funded by loan advances. Advances are monitored to ensure that the project is at the appropriate stage of completion with each advance and that interest reserves are not exhausted prior to completion of the project. In the event a project is not completed within the initial term, the loan is re-underwritten at maturity but interest beyond the initial term must be paid by the borrower and in some instances an additional interest reserve is required as a condition of extending the maturity. Upon completion of construction, the loan is converted to permanent financing and reclassified to CRE -improved property.

CRE—improved property loans generally require monthly principal and interest payments based on amortization periods ranging from ten to twenty-five years depending on the type, age and condition of the property. Loans with amortization periods exceeding twenty years typically also have a maturity date or call option of ten years or less. Interest rates are generally adjustable ranging from one to five years based on an appropriate index of comparable duration. Interest rates may also be fixed for longer than five years but the borrower may be required to enter into an interest rate derivative contract that converts WesBanco’s rate to an adjustable rate.

C&I term loans secured by equipment and other types of collateral generally require monthly principal and interest payments based on amortization periods up to ten years depending on the estimated useful life of the collateral with interest rates that may be fixed for the term of the loan or adjustable ranging from one to seven years based on an appropriate index.

Commercial lines and letters of credit are generally categorized as C&I but may also be categorized as CRE—improved property loans if they are secured primarily by real estate. Lines of credit typically require payment of interest only with principal due on demand or at maturity. Interest rates on lines of credit are generally fully adjustable based on an appropriate short-term index. Letters of credit typically require a periodic fee with principal and interest due on demand in the event the beneficiary of the letter requests an advance on the commitment. Lines of credit may also include a fee based on the amount of the line that is not advanced. Lines and letters of credit are generally renewable or may be cancelled annually by WesBanco but may also be committed for up to three years when appropriate. Letters of credit may also require WesBanco to notify the beneficiary within a specified time in the event WesBanco does not intend to renew or extend the commitment.

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Table 13 summarizes the distribution of maturities by rate type for all commercial loans.

TABLE 13. MATURITIES OF COMMERCIAL LOANS

	December 31, 2014
	Fixed Rate Loans								Variable Rate Loans
(in thousands)	In One Year or Less		After One Year Through Five Years		After Five Years		Total		In One Year or Less		After One Year Through Five Years		After Five Years		Total
Commercial real estate:
Land and construction	$	5,894	$	36,613	$	1,220	$	43,727	$	45,191	$	89,373	$	84,352	$	218,916
Improved property		39,692		183,430		88,675		311,797		76,950		221,279		1,072,791		1,371,020
Commercial and industrial		35,272		82,515		52,605		170,392		208,002		84,879		175,137		468,018
Total commercial loans	$	80,858	$	302,558	$	142,500	$	525,916	$	330,143	$	395,531	$	1,332,280	$	2,057,954

The primary factors that are considered in underwriting CRE—land and construction loans are the overall viability of each project, the experience and financial capacity of the developer or builder to successfully complete the project, market absorption rates and property values. These loans also have the unique risk that the developer or builder may not complete the project, or not complete it on time or within budget. Risk is generally mitigated by extending credit to developers and builders with established reputations who operate in WesBanco’s markets and have the liquidity or other resources to absorb unanticipated increases in the cost of a project or longer than anticipated absorption, periodically inspecting construction in progress, and disbursing the loan at specified stages of completion. Certification of completed construction by a licensed architect or engineer and performance and payment bonds may also be required for certain types of projects. Speculative projects are inherently riskier therefore WesBanco may require a specified percentage of pre-sales for land and residential development or pre-lease commitments for investment property before construction can begin.

The primary factors that are considered in underwriting investment real estate are the net rental income generated by the property, the composition of the tenants occupying the property, and the terms of leases all of which may vary depending on the specific type of property. Other factors that are considered include the overall financial capacity of the investors and their experience owning and managing investment property.

Repayment of owner-occupied loans must come from the cash flow generated by the occupant’s commercial business. Therefore, the primary factors that are considered in underwriting owner-occupied CRE and C&I loans are the historical and projected earnings, cash flow, capital resources, liquidity and leverage of the business. Other factors that are considered for their potential impact on repayment capacity include the borrower’s industry, competitive advantages and disadvantages, demand for the business’s products and services, business model viability, quality, experience and depth of management, and external influences that may impact the business such as general economic conditions and social or political changes.

The type, age, condition and location of real estate as well as any environmental risks associated with the property are considered for both owner-occupied and investment CRE. Environmental risk is mitigated by requiring assessments performed by qualified inspectors whenever the current or previous uses of the property or any adjacent properties are likely to have resulted in contamination of the property financed. Risk is further mitigated by requiring borrowers to have adequate down payments or cash equity, thereby limiting the loan amount in relation to the lower of the cost or the market value of the property, unless there are sufficient mitigating factors that would reduce the risk of a higher loan-to-value. Market values are determined by obtaining current appraisals or evaluations, whichever is appropriate or required by banking regulations based on the amount financed prior to the loan being made. New appraisals or evaluations may be obtained throughout the life of each loan to more accurately assess current market value when the initial term of a loan is being extended, market conditions indicate that the property value may have declined, and/or the primary source of repayment is no longer adequate to repay the loan under its original terms.

CRE loan-to-value (“LTV”) ratios are generally limited to the maximum percentages prescribed by WesBanco credit policy or banking regulations which range from 65% for unimproved land to 85% for improved

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commercial property. Regulatory guidelines also limit the aggregate of CRE loans that exceed prescribed LTV ratios to 30% of the Bank’s total risk-based capital. The aggregate of all CRE loans and loan commitments that exceeded the regulatory guidelines approximated $82 million or 15% of the Bank’s total risk-based capital at December 31, 2014 compared to $142 million or 26% at December 31, 2013. This decrease in the aggregate of CRE loans that exceeded regulatory guidelines is primarily the result of scheduled principal reductions that have reduced LTVs to within the guidelines, refinancing in the secondary market of certain loans that had higher LTVs, and management’s efforts to restrict the amount of high LTV loans. Regardless of credit policy or regulatory guidelines, lower LTV ratios may be required for certain types of properties or when other factors exist that increase the risk of volatility in market values such as single or special use properties that cannot be easily converted to other uses or may have limited marketability. Conversely, higher LTV ratios may be acceptable when there are other factors to adequately mitigate the risk.

The type and amount of collateral for C&I loans varies depending on the overall financial strength of the borrower, the amount and terms of the loan, and available collateral or guarantors. Loans secured by bank deposit accounts and marketable securities represent the lowest risk. Marketable securities are subject to changes in market value and are monitored regularly to ensure they remain appropriately margined. The total of C&I exposure secured by bank deposit accounts and marketable securities approximate $157 million at December 31, 2014 compared to $160 million at December 31, 2013. Conversely, unsecured C&I loans, which represent the highest risk, approximated $100 million at December 31, 2014 and December 31, 2013. Unsecured credit is only extended to those borrowers that exhibit consistently strong repayment capacity and the financial condition to withstand a temporary decline in their operating cash flows. The single largest unsecured exposure is $19 million extended to a publicly-traded company. Collateral other than real estate that fluctuates with business activity, such as accounts receivable and inventory, may also be subject to regular reporting and certification by the borrower and, in some instances, independent inspection or verification by WesBanco. Approximately $86 million or 8.8% of C&I exposure at December 31, 2014 is secured solely by accounts receivable and inventory compared to $96 million or 10.2% at December 31, 2013. Another $82 million or 8.4% of C&I exposure is secured by equipment or motorized vehicles at December 31, 2014 compared to $75 million or 7.9% at December 31, 2013. The remainder of the C&I portfolio is secured by multiple types of collateral, which at times includes real estate that is taken as collateral for reasons other than its value.

Most commercial loans are originated directly by WesBanco. Participation in loans originated by other financial institutions represent $222 million or 8.6% of total commercial loans at December 31, 2014 compared to $177 million or 3.5% at December 31, 2013. Included in this total are Shared National Credits of $73 million at December 31, 2014 and $27 million at December 31, 2013. Shared National Credits are defined as loans in excess of $20 million that are financed by three or more lending institutions. WesBanco performs its own customary credit evaluation and underwriting before purchasing loan participations. The credit risk associated with these loans is similar to that of loans originated by WesBanco, but additional risk may arise from the limited ability to control the actions of the lead, agent or servicing institution. The increase in participations from 2013 is the result of additional lending opportunities presented by other institutions primarily in the central Ohio market.

The commercial portfolio is monitored for potential concentrations of credit risk by market, type of lending, CRE property type, C&I and owner-occupied CRE by industry, investment CRE dependence on common tenants and industries or property types that are similarly impacted by external factors. Total credit exposure by real estate property type and industry sectors are summarized in Tables 14 and 16.

The recent global decline in oil and natural gas prices would typically have an overall positive impact on the commercial portfolio by lowering all borrowers’ energy costs. However, lower oil and natural gas prices may also result in a reduction in shale gas activity that may adversely impact certain industries or property types. At December 31, 2014, total commercial credit exposure that is most subject to potential adverse impact consisted of approximately $44 million to core energy industries such as drilling, extraction, pipeline construction and related support activities; approximately $91 million to ancillary industries such as distribution, transportation, engineering, and heavy equipment; and approximately $175 million to lodging properties located in the shale gas markets. Not

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all borrowers in these categories will be impacted to the same magnitude by a reduction in shale gas activity and some may not be at all dependent on or may be able to replace revenue associated with shale gas activity.

TABLE 14. CRE EXPOSURE BY PROPERTY TYPE

	December 31, 2014
	CRE Land and Construction				CRE Improved Investment				CRE Improved Owner Occupied
(dollars in thousands)	Loan Balance		Loan Commitment		Loan Balance		Loan Commitment		Loan Balance		Loan Commitment		Total Exposure		Largest Loan (1)		% of Capital (2)
Land	$	65,572	$	14,192	$	—	$	—	$	—	$	—	$	79,764	$	3,300		14.2
1-to-4 family		10,300		13,862		124,787		5,375		—		—		154,324		4,800		27.5
Multi-family		94,454		99,694		279,617		8,203		—		—		481,968		21,150		85.9
Retail		7,184		19,845		218,650		10,178		44,418		4,380		304,655		16,480		54.3
Office		8,810		48,846		149,146		5,008		64,289		1,365		277,464		12,377		49.4
Industrial		681		3,489		31,044		369		50,941		2,852		89,376		4,758		15.9
Lodging		35,147		51,650		168,714		1,751		—		—		257,262		20,700		45.8
Senior living		8,054		6,983		47,586		2		36,677		64		99,366		19,801		17.7
Hospital		—		—		—		—		11,870		60		11,930		4,253		2.1
Self-storage		—		1,780		29,261		498		—		—		31,539		4,952		5.6
Eating place		—		4,200		8,981		13		33,951		1,755		48,900		4,200		8.7
Gas station		—		—		3,991		44		42,811		27		46,873		5,697		8.3
Recreational		2,065		95		2,587		—		14,300		400		19,447		5,684		3.5
Dormitory		3,185		1,815		18,088		501		—		—		23,589		8,123		4.2
House of worship		—		—		—		305		19,885		4,036		24,226		2,200		4.3
Other special use		3,110		831		15,004		306		75,217		17,736		112,204		15,289		20.0
Mixed use		19,824		7,076		88,178		4,382		51,708		2,177		173,345		14,160		30.9
Unclassified		4,257		1,717		24,069		5,060		27,047		4,868		67,018		4,028		12.0
Total	$	262,643	$	276,075	$	1,209,703	$	41,995	$	473,114	$	39,720	$	2,303,250	$	21,150		410.3

(1) Largest loan represents the largest contractual obligation of WesBanco, which may not be fully funded.

(2) Bank total risk-based capital.

Multi-family apartments represent the single largest category of CRE. Including construction loans, multi-family apartment exposure decreased 3.2% from $498 million at December 31, 2013 to $482 at December 31, 2014. This decrease is the result of actively managing the amount of multi-family apartment exposure. The central Ohio market represents just over half of the total multi-family apartment exposure. Approximately 40% of the total multi-family exposure is for new construction projects that are expected to be refinanced in the secondary market over the next twenty-four months. During 2014, a number of properties were refinanced in the secondary market immediately upon completion and prior to stabilization. These early payoffs enable WesBanco to finance additional multi-family projects without unduly increasing multi-family exposure.

Retail property, which includes shopping centers, single-tenant buildings, and neighborhood retail store fronts represent the second largest category of CRE. Retail property exposure increased 2.0% from $299 million at December 31, 2013 to $305 million at December 31, 2014. There is no known concentration of loans secured by retail investment property occupied by a common tenant or group of tenants in the same industry, and retail property is not concentrated in any single market.

Office buildings represent the third largest category of CRE. Office building exposure increased 23.1% from $225 million at December 31, 2013 to $277 million at December 31, 2014. Most of the increase came from new development in the western Pennsylvania market but the total exposure is not concentrated in any single market.

Lodging represents the next largest category of CRE and experienced significant growth, increasing 18.2% from $218 million at December 31, 2013 to $257 million at December 31, 2014. Most of the increase occurred in several of WesBanco’s markets with Marcellus and Utica shale gas drilling activity as a result of increased demand for hotels and motels. Approximately 70% of the total lodging exposure consists of facilities located in the shale gas markets. More than 80% of the lodging exposure consists of facilities operated under high-quality hotel franchises by borrowers who are experienced in the lodging industry.

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Mixed use properties include various combinations of other property types such as retail and office in one facility. Approximately $44 million of mixed use properties also include multi-family apartments in addition to the multi-family exposure summarized above. Other special use properties consist of facilities that have a unique purpose other than those identified in Table 14, and includes properties such as funeral homes, which represent nearly 40% of the total; carwashes, other auto care facilities, fire stations, parking garages, other municipal service facilities and school buildings. No other type represents more than 20% of the other special use category. Unclassified properties are generally smaller, general purpose buildings and store fronts that can typically be adapted to any number of potential commercial uses.

In addition to the methods in which WesBanco monitors the CRE portfolio for possible concentrations of risk, the regulatory agencies use a two-tiered assessment to determine whether a bank has an overall concentration of CRE lending as a percentage of Bank total risk-based capital. The first tier measures loans for land, land development, residential construction and commercial construction. The second tier measures loans included in the first threshold plus multi-family apartments and other commercial investment property. Table 15 summarizes WesBanco’s CRE exposure according to the regulatory concentration guidelines.

TABLE 15. CRE RELATIONSHIP TO BANK TOTAL RISK-BASED CAPITAL

	December 31, 2014							December 31, 2013
(dollars in thousands)	Total Exposure		% of Bank Total Risk- Based Capital		Regulatory Guideline			Total Exposure		% of Bank Total Risk- Based Capital		Regulatory Guideline
Land and construction	$	538,718		96.0		100.0	%	$	568,717		103.5		100.0	%
Multi-family and commercial investment property		1,121,536		199.8					1,059,693		192.8
Total CRE regulatory concentration loans		1,660,254		295.8		300.0	%		1,628,410		296.3		300.0	%
Owner occupied and 1-to-4 family rental property		642,996		114.5					650,496		118.4
Total CRE	$	2,303,250		410.3		N/A		$	2,278,906		414.7		N/A

WesBanco actively managed potential CRE concentrations throughout 2014, at times limiting new construction lending until existing projects it had financed were completed. As a result, land and construction exposure decreased $30 million or 5.3% from December 31, 2013 to December 31, 2014. Conversely, multi-family and commercial investment property loans increased $62 million or 5.8% during the same period through new loan originations for stabilized properties as well as construction loans that were reclassified upon completion of the projects. Management continually monitors both regulatory measures and adjusts its lending practices as necessary to prevent concentrations in CRE exposure.

The regulatory agencies also consider whether a bank’s CRE portfolio has increased by 50% or more within the prior thirty-six months of the assessment date. All CRE exposure, including owner-occupied and 1-to-4 family rental property that is excluded from the 300% of Bank total risk-based capital, increased $392 million or 20.5% for the thirty-six month period ended December 31, 2014. Organic growth accounts for $323 million of the increase in CRE exposure during this period, with the remainder consisting of exposure acquired from Fidelity in 2012.

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TABLE 16. C&I AND OWNER-OCCUPIED CRE EXPOSURE BY INDUSTRY

	December 31, 2014
	C&I				CRE Improved Owner Occupied Property
(dollars in thousands)	Loan Balance		Loan Commitment		Loan Balance		Loan Commitment		Total Exposure		Largest Loan (1)		% of Capital (2)
Agriculture and farming	$	4,592	$	2,037	$	2,406	$	130	$	9,165	$	2,500		1.6
Energy—oil and gas		17,714		5,829		4,054		204		27,801		7,642		5.0
Energy—mining and utilities		14,280		2,631		1,023		—		17,934		6,453		3.2
Construction—general		36,165		41,269		6,362		682		84,478		15,000		15.0
Construction—trades		23,998		21,429		14,890		619		60,936		7,040		10.9
Manufacturing—primary metals		9,371		25,808		4,194		—		39,373		9,000		7.0
Manufacturing—other		58,552		47,238		17,928		1,855		125,573		18,745		22.4
Wholesale and distribution		32,291		27,570		16,503		895		77,259		6,000		13.8
Retail—automobile dealers		22,013		10,641		18,704		836		52,194		6,750		9.3
Retail—other sales		21,465		17,646		77,609		3,396		120,116		1,000		21.4
Transportation and warehousing		18,461		7,085		9,397		511		35,454		4,712		6.3
Information and communications		2,616		313		2,291		—		5,220		1,303		0.9
Finance and insurance		54,216		64,995		8,355		22		127,588		15,000		22.7
Equipment leasing		11,449		5,155		3,665		2		20,271		3,570		3.6
Services—real estate		33,887		12,597		34,898		1,703		83,085		5,000		14.8
Services—business and professional		30,801		27,446		18,917		889		78,053		3,250		13.9
Services—personal and other		15,195		4,087		55,437		16,440		91,159		15,289		16.2
Schools and education services		45,303		4,122		12,019		151		61,595		13,162		11.0
Healthcare—medical practitioners		9,844		7,361		24,075		130		41,410		3,441		7.4
Healthcare—hospitals and other		82,828		37,017		57,827		677		178,349		38,500		31.8
Entertainment and recreation		10,216		3,389		15,031		402		29,038		5,684		5.2
Restaurants and lodging		21,519		3,389		43,020		1,799		69,727		6,346		12.4
Religious organizations		33,791		15,124		19,796		4,036		72,747		15,000		13.0
Government		17,957		4,426		6,023		—		28,406		3,000		5.1
Unclassified		9,886		21,973		7,320		20,530		59,709		810		10.5
Total commercial real estate	$	638,410	$	420,577	$	481,744	$	55,909	$	1,596,640	$	38,500		284.4

(1) Largest loan represents the largest contractual obligation of WesBanco, which may not be fully funded.

(2) Bank total risk-based capital.

All of the services sectors combined represent the largest industry exposure at 44.9% of capital; however, these sectors include a variety of service-providing businesses. Combined exposure to the services sectors increased minimally from $247 million at December 31, 2013 to $252 million at December 31, 2014. Approximately $51 million of exposure to mortuary services is the single largest industry group exposure in the services sectors and represents approximately 20% of the combined total.

The healthcare sector including medical practitioners represents the second largest industry at 39.2% of capital, increasing from 32.7% at the end of the previous year. Total exposure to healthcare increased 22.5% from $179 million at December 31, 2013 to $220 million at December 31, 2014. The increase in healthcare exposure came primarily from additional lending to general hospitals and senior living facilities.

The retail sales sectors including automobile dealers represent the third largest industry exposure at 30.7% of capital. However, total exposure to the retail sectors decreased 2.4% from $177 million at December 31, 2013 to $172 million at December 31, 2014. Excluding automobile dealers, gasoline stations and convenience stores represent approximately half of the exposure to the other retail businesses.

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The manufacturing sectors represent the fourth largest industry exposure at 29.4% of capital, increasing from 24.4% at the end of the previous year. Total exposure to manufacturing increased 22.9% from $134 million at December 31, 2013 to $165 million at December 31, 2014 as a result of successful business development efforts to expand lending to manufacturing industries. Metal fabrication, products made from other minerals, and machinery and equipment collectively represent 60% of the other manufacturing sector, down from 73% at December 31, 2013 as growth in the sector was more diverse.

The construction sectors represent the next largest industry exposure at 25.9% of capital. Total exposure to this sector increased 8.2% from $134 million at December 31, 2013 to $145 million at December 31, 2014. Approximately 38% of the general construction exposure is to commercial contractors, down from 55% at December 31, 2013 with another 25% to heavy construction companies at both year-ends. Construction trades exposure is diversified with no single trade representing more than 20% of the total of these industry groups.

Finance and insurance is the only other sector that represents more than 20% of capital. Mortgage warehousing lines of credit represent $54 million or 42% of this sector at December 31, 2014 and $48 million or 39% of the total at December 31, 2013. Mortgage warehousing lines of credit are extended to companies that originate residential mortgage loans for sale to third party investors in the secondary market. Advances on these lines are made when the borrowers originate individual mortgage loans and repaid when the loans are sold, with advances being outstanding an average of less than 20 days from the date of each advance. The remainder of this sector consists of loans to other banking institutions, insurance and investment brokerage companies.

Retail Loans—Retail loans are a homogenous group, generally consisting of standardized products that are smaller in amount and distributed over a larger number of individual borrowers. The average residential real estate loan approximates $89,000 at December 31, 2014 compared to $81,000 at December 31, 2013 while the average of all retail loans approximates $40,000 at December 31, 2014 compared to $37,000 at December 31, 2013. The higher average retail loan at December 31, 2014 is attributable to increased lending in WesBanco’s metropolitan markets that have higher home values for residential mortgage loans and higher priced new cars for other consumer loans.

Residential real estate consists of loans to purchase, construct or refinance the borrower’s primary dwelling, second residence or vacation home. Residential real estate also includes approximately $20 million of 1-to-4 family rental properties, half of which were originated primarily in western Ohio markets by acquired banks prior to their acquisition by WesBanco.

WesBanco originates residential real estate loans for its portfolio as well as for sale in the secondary market. Portfolio loans also include loans to finance vacant land upon which the owner intends to construct a dwelling at a future date. Except for construction loans that require interest-only during the construction period, portfolio loans require monthly principal and interest payments to amortize the loan within terms up to thirty years. Construction periods range from six to twelve months but may be longer for larger residences. Loans for vacant land generally begin amortizing immediately and are refinanced when the owner begins construction of a dwelling. Interest rates on portfolio loans may be fixed for up to fifteen years. Adjustable rate loans are based primarily on the Treasury Constant Maturity index and can adjust annually or in increments up to five years.

HELOC loans are secured by first or second liens on a borrower’s primary residence. HELOCs are generally limited to an amount which when combined with the first mortgage on the property, if any, does not exceed 90% of the market value. Maximum LTV ratios are also tiered based on the amount of the line and the borrower’s credit history. Most HELOCs originated prior to 2005 are available for draws by the borrower for up to fifteen years at which time the outstanding balance is converted to a term loan requiring monthly principal and interest payments sufficient to repay the loan in not more than seven years. Most HELOCs originated since 2005 through 2013 are available to the borrower for an indefinite period as long as the borrower’s credit characteristics do not materially change, but may be cancelled by WesBanco under certain circumstances. Generally, lines originated since 2013 have a 15 year draw period, a ten year repayment period and also give borrowers the option to convert

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portions of the balance of their line into an installment loan requiring monthly principal and interest payments, with availability to draw on the line restored as the installment portions are repaid. HELOCs that originated prior to 2000 will begin reaching the end of their availability period starting in 2015 and years thereafter. These lines have the additional risk that the borrower will not have the capacity to make higher payments of interest and principal or may not qualify for a new line of credit. The amount of such lines that will reach the end of their availability period in 2015 represents less than 2% of the total HELOC exposure.

Consumer loans consist of installment loans originated directly by WesBanco and indirectly through dealers to finance purchases of automobiles, trucks, motorcycles, boats, and other recreational vehicles; home equity installment loans, unsecured home improvement loans, and revolving lines of credit that can be secured or unsecured. The maximum term for installment loans is generally eighty-four months for automobiles, trucks, motorcycles and boats; one hundred eighty months for travel trailers; one hundred twenty months for home equity/improvement loans; and sixty months if the loan is unsecured. Maximum terms may be less depending on age of collateral. Revolving lines of credit are generally available for an indefinite period of time as long as the borrower’s credit characteristics do not materially change but may be cancelled by WesBanco under certain circumstances. Interest rates on installment obligations are generally fixed for the term of the loan and lines of credit are adjustable daily based on the Prime Rate.

TABLE 17. MATURITIES OF RETAIL LOANS AND COMMITMENTS

	December 31, 2014
	Fixed Rate Loans								Variable Rate Loans
(in thousands)	In One Year or Less		After One Year Through Five Years		After Five Years		Total		In One Year or Less		After One Year Through Five Years		After Five Years		Total
Residential real estate	$	2,547	$	23,930	$	639,245	$	665,722	$	479	$	5,620	$	256,949	$	263,048
Home equity lines of credit		249		4,676		18,896		23,821		184,041		13,364		108,805		306,210
Consumer		14,372		94,098		98,728		207,198		18,186		10,442		8,269		36,897
Total retail loans	$	17,168	$	122,704	$	756,869	$	896,741	$	202,706	$	29,426	$	374,023	$	606,155

The primary factors that are considered in underwriting retail loans are the borrower’s credit history and their current and reasonably anticipated ability to repay their obligations as measured by their total debt-to-income ratio. Portfolio residential real estate loans are generally underwritten to secondary market lending standards using automated underwriting systems developed for the secondary market that rely on empirical data to evaluate each loan application and assess credit risk. The amount of the borrower’s down payment is an important consideration for residential real estate, as is the borrower’s equity in the property for HELOCs. It is common practice to finance the total amount of the purchase price of motor vehicles and other consumer products plus certain allowable additions for tax, title, service contracts and credit insurance.

Effective January 10, 2014 underwriting of residential real estate loans also became subject to new regulations promulgated by the Consumer Financial Protection Bureau (“CFPB”) which among other things defined the characteristics of a “qualified mortgage” and imposed new standards for determining and documenting a borrower’s ability to repay. One impact of these regulations is the risk of liability to a borrower at a future date if the borrower claims the institution had knowledge when the loan was made that the borrower did not have the ability to repay.

Risk is further mitigated by requiring residential real estate borrowers to have adequate down payments or cash equity, thereby limiting the loan amount in relation to the lower of the cost or the market value of the property, unless there are sufficient mitigating factors that would reduce the risk of a higher loan-to-value. Market values are determined by obtaining current appraisals or evaluations, whichever is appropriate or required

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by banking regulations based on the amount financed prior to the loan being made. New appraisals or evaluations are not obtained unless the borrower requests a modification or refinance of the loan or there is increased dependence on the value of the collateral because the borrower is in default.

The credit characteristics and performance of residential real estate and home equity loans is evaluated in the aggregate by the year in which loans are originated to assess differences in their risk profile by vintage. Approximately 70% of residential real estate and home equity loans were originated in the past five years and therefore do not have the same level of risk associated with loans originated in years when property values in certain markets may have been higher. Non-performing and past due loans originated within this five year period represent 0.30% of total loans originated during that period.

WesBanco does not maintain current information about the industry in which retail borrowers are employed. While such information is obtained when each loan is underwritten, it often becomes inaccurate with the passage of time or if borrowers change employment. Instead, WesBanco estimates potential exposure based on consumer demographics, market share, and other available information when there is a significant risk of loss of employment within an industry or a significant employer in WesBanco’s markets. To management’s knowledge there are no concentrations of employment that would have a material adverse impact on the retail portfolio.

Most retail loans are originated directly by WesBanco except for indirect consumer loans originated by automobile dealers and other sellers of consumer goods, and purchased pools of residential mortgage loans. WesBanco performs its own customary credit evaluation and underwriting before purchasing indirect loans and mortgage pools. The credit risk associated with these loans is similar to that of loans originated by WesBanco, but additional risk may arise from WesBanco’s limited ability to control a dealer’s compliance with applicable consumer lending laws for indirect loans and the actions of the servicing institution for mortgage pools. Indirect consumer loans represented $129 million or 53% of consumer loans at December 31, 2014 compared to $126 million or 51% at December 31, 2013. Mortgage pools represent $7 million or 0.7% of total residential real estate loans at December 31, 2014 compared to $9 million or 1.1% at December 31, 2013. There have been no purchases of mortgage pools since 2006.

Loans Held For Sale—Loans held for sale consist of residential real estate originated for sale in the secondary market. Credit risk associated with such loans is mitigated by entering into sales commitments with third party investors to purchase the loans when they are originated. This practice has the effect of minimizing the amount of such loans that are unsold and the interest rate risk at any point in time. WesBanco generally does not service these loans after they are sold. While all loans are sold without recourse, WesBanco may be required to repurchase loans under certain circumstances. The number and principal balance of loans that WesBanco has been required to repurchase has not been material and therefore reserves established for this exposure were not material.

Banks that have been acquired by WesBanco serviced many of the residential real estate loans that were sold to the secondary market prior to being acquired. Although these loans are not carried as an asset on the balance sheet, WesBanco continues to service these loans. As of December 31, 2014 and 2013, WesBanco serviced loans for others aggregating approximately $63.1 million and $81.4 million, respectively. The unamortized balance of mortgage servicing rights related to these loans is less than $1 million.

CREDIT QUALITY

The quality of the loan portfolio is measured by various factors, including the amount of loans that are past due, required to be reported as non-performing, or are adverse graded in accordance with internal risk classifications that are consistent with regulatory adverse risk classifications. Non-performing loans consists of non-accrual loans and troubled debt restructurings (“TDRs”). Non-performing assets also include real estate owned (“REO”) and repossessed assets. Net charge-offs are also an important measure of credit quality. WesBanco seeks to develop individual strategies for all assets that have adverse risk characteristics in order to minimize potential loss. However, there is no assurance such strategies will be successful and loans may ultimately proceed to foreclosure or other course of liquidation that does not fully repay the amount of the loan.

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Past Due Loans—Loans that are past due but not reported as non-performing generally consists of loans that are between 30 and 89 days contractually past due. Certain loans that are 90 days or more past due also continue to accrue interest because they are deemed to be well-secured and in the process of collection. Earlier stage delinquency requires routine collection efforts to prevent them from becoming more seriously delinquent. Early stage delinquency represents potential future non-performing loans if routine collection efforts are unsuccessful. Table 18 summarizes loans that are contractually past due 30 days or more, excluding non-accrual and TDR loans.

TABLE 18. PAST DUE AND ACCRUING LOANS EXLUDING NON-ACCRUAL AND TDR

	December 31,
	2014				2013				2012				2011				2010
(dollars in thousands)	Amount		% of Total		Amount		% of Total		Amount		% of Total		Amount		% of Total		Amount		% of Total
90 days or more:
Commercial real estate—land and construction	$	71		0.03	$	248		0.09	$	—		—	$	—		—	$	277		0.18
Commercial real estate—improved property		—		—		318		0.02		338		0.02		18		—		692		0.04
Commercial and industrial		22		0.00		—		—		98		0.02		939		0.22		95		0.02
Residential real estate		1,306		0.14		1,289		0.14		3,199		0.40		2,881		0.46		4,535		0.75
Home equity lines of credit		570		0.17		411		0.14		722		0.26		498		0.20		1,126		0.45
Consumer		319		0.13		325		0.13		937		0.33		799		0.31		958		0.37
Total 90 days or more		2,288		0.06		2,591		0.07		5,294		0.14		5,135		0.16		7,683		0.23
30 to 89 days:
Commercial real estate—land and construction		—		—		2		—		750		0.39		180		0.10		252		0.16
Commercial real estate—improved property		480		0.03		2,897		0.18		6,328		0.38		4,599		0.30		4,717		0.29
Commercial and industrial		216		0.03		1,310		0.24		500		0.10		1,442		0.34		4,163		0.94
Residential real estate		3,105		0.33		4,894		0.55		7,972		1.00		5,902		0.95		7,367		1.21
Home equity lines of credit		2,524		0.76		1,934		0.68		1,322		0.48		2,266		0.90		2,255		0.90
Consumer		3,022		1.24		3,794		1.52		5,666		2.02		5,499		2.16		6,020		2.31
Total 30 to 89 days		9,347		0.23		14,831		0.38		22,538		0.61		19,888		0.61		24,774		0.75
Total 30 days or more	$	11,635		0.29	$	17,422		0.45	$	27,832		0.75	$	25,023		0.77	$	32,457		0.98

Loans past due 30 days or more and accruing interest and not reported as TDRs decreased $5.8 million or 33.2% from December 31, 2013 to December 31, 2014. This reduction in delinquency is the result of management’s continued focus on sound initial underwriting, timely collection of loans at their earliest stage of delinquency, declining unemployment and generally improved economic conditions.

Non-Performing Assets—Non-performing assets consists of non-accrual loans, TDRs, REO and repossessed assets.

Loans are categorized as TDRs when WesBanco, for economic or legal reasons related to a borrower’s financial difficulties, grants a concession to the borrower that it would not otherwise consider unless the modification results in only an insignificant delay in the payments to be received. Concessions include a reduction of the interest rate, the amount of accrued interest, or the principal balance of the loan; an interest rate that is less than the market rate of interest for loans with comparable risk characteristics, as well as an extension of the maturity date or the amortization schedule. Loans reported in this category continue to accrue interest so long as the borrower is able to continue repayment in accordance with the restructured terms. TDRs that are also placed on non-accrual are reported in the non-accrual category and not included with accruing TDRs.

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Loans are generally placed on non-accrual when they become past due 90 days or more unless they are both well-secured and in the process of collection. Non-accrual loans include certain loans that are also TDRs as set forth in Note 4, “Loans and the Allowance for Credit Losses,” of the Consolidated Financial Statements. Non-accrual loans also include retail loans that were recently discharged in Chapter 7 bankruptcy but for which the borrower has continued to make payments for less than six consecutive months after the discharge.

REO consists primarily of property acquired through or in lieu of foreclosure but may also include bank premises held for sale and residences of bank employees purchased to facilitate the relocation of those employees with WesBanco. Repossessed assets primarily consist of automobiles and other types of collateral acquired to satisfy defaulted consumer loans.

Table 19 summarizes non-performing assets.

TABLE 19. NON-PERFORMING ASSETS

	December 31,
(dollars in thousands)	2014			2013			2012			2011			2010
TDRs accruing interest:
Commercial real estate—land and construction	$	—		$	—		$	2,537		$	7,410		$	10,764
Commercial real estate—improved property		2,437			3,052			10,198			17,318			33,122
Commercial and industrial		329			415			632			839			73
Residential real estate		8,215			9,850			9,022			3,844			3,443
Home equity lines of credit		740			902			1,022			—			—
Consumer		345			642			870			—			81
Total TDRs accruing interest		12,066			14,861			24,281			29,411			47,483
Non-accrual loans:
Commercial real estate—land and construction		1,488			2,564			4,668			10,135			4,391
Commercial real estate—improved property		20,227			17,305			18,239			25,122			24,833
Commercial and industrial		4,110			4,380			3,387			8,238			7,933
Residential real estate		10,329			10,240			11,247			12,377			10,688
Home equity lines of credit		1,923			1,604			1,184			1,331			755
Consumer		741			540			647			289			220
Total non-accrual loans		38,818			36,633			39,372			57,492			48,820
Total non-performing loans		50,884			51,494			63,653			86,903			96,303
Real estate owned and repossessed assets		5,082			4,860			5,988			3,029			8,069
Total non-performing assets	$	55,966		$	56,354		$	69,641		$	89,932		$	104,372
Non-performing loans as a percentage of total portfolio loans		1.25	%		1.32	%		1.73	%		2.68	%		2.93	%
Non-performing assets as a percentage of total assets		0.89			0.92			1.15			1.62			1.95
Non-performing assets as a percentage of total portfolio loans, real estate owned and repossessed assets		1.37			1.45			1.89			2.77			3.17

Accruing TDRs decreased $2.8 million or 18.8% from December 31, 2013 to December 31, 2014. There were no TDRs of $1 million or more at December 31, 2014 and 2013. Accruing TDRs are not concentrated in any industry, property or type of loan, however retail loans represent 77.1% of total TDRs at December 31, 2014 compared to 76.7% at December 31, 2013. This includes loans that were discharged in Chapter 7 bankruptcy in the current or prior year but for which the borrower has continued to make payments for at least six consecutive months after the discharge. Most accruing TDRs continue to pay in accordance with their modified terms; however, total accruing TDRs with aggregate balances of $1.1 million or 6.0% of total TDRs were past due 30 days or more at December 31, 2014 compared to $1.3 million or 5.2% at December 31, 2013.

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Non-accrual loans increased $2.2 million or 6.0% from December 31, 2013 to December 31, 2014, while WesBanco successfully exited a number of non-accrual loans throughout 2014, the increase at year-end is primarily attributable to two CRE loans aggregating $7.3 million that were placed on non-accrual in the second half of the year. Approximately $5.4 million or 14.0% of total non-accrual loans at December 31, 2014 also have restructured terms that would require them to be reported as a TDR if they were accruing interest, compared to $9.3 million or 25.5% of the total at December 31, 2013. Commercial loans of $1 million or more, including two CRE loans that were placed on non-accrual in the second half of the year represent nearly 40% and the aggregate of all retail loans represent another 33% of total non-accrual loans at December 31, 2014. Non-accrual loans include loans secured by commercial and residential real estate in Ohio for which foreclosure has been initiated but the properties have not yet moved to public sale because of the protracted timeline of the foreclosure process in that state. It is not possible to estimate what portion of these loans will become REO because the decision whether to purchase the property depends on a number of factors including the property’s value, condition and the amount other purchasers are willing to pay at the public sale. WesBanco makes this determination at the time of the sale for each property.

REO and repossessed assets increased $0.2 million or 4.6% from December 31, 2013 to December 31, 2014. One commercial property acquired in the Fidelity acquisition represents $2.9 million or 56.9% of the total carrying value of REO at December 31, 2014 compared to 62.0% at December 31, 2013. Consummation of a sale of this property pursuant to a purchase agreement executed in 2013 was expected to take some time due to the complexity of the proposed purchaser’s development plans but has been further delayed by other external factors. Excluding this property, no other REO property has a carrying value of $1 million or more. WesBanco seeks to minimize the period for which it holds REO and repossessed assets while also attempting to obtain a fair value from their disposition. Therefore, the sales price of these assets is dependent on current market conditions that affect the value of real estate, used automobiles, and other collateral. The average holding period of other REO other than the property described above approximated 8 months at December 31, 2014 compared to 4 months at December 31, 2013. Repossessed assets are generally sold at auction within 60 days after repossession. Expenses associated with owning REO and repossessed assets charged to other expenses were $1.1 million for 2014 compared to $1.8 million for 2013. Net gains or losses on the disposition of REO and repossessed assets are credited or charged to non-interest income and approximated $0.4 million of net gains in 2014 compared to $0.1 million of net loss for 2013.

Classified Loans—Please refer to Note 4, “Loans and the Allowance for Credit Losses,” of the consolidated Financial Statements for a description of internally assigned risk grades for commercial loans and a summary of loans by grade. WesBanco’s classified loan grades are equivalent to the classifications used by banking regulators to identify those loans that have significant adverse characteristics. A classified loan grade is assigned to all non-accrual commercial loans and most commercial TDRs; however, TDRs may be upgraded after the borrower has repaid the loan in accordance with the restructured terms for a period of time, but such loans would continue to be reported as TDRs regardless of their grade. Classified loans decreased $13.5 million or 22.3% from December 31, 2013 to December 31, 2014.

Charge-offs and Recoveries—Total charge-offs decreased $4.4 million or 25.4% while total recoveries increased $0.5 million or 16.2%, resulting in a 34.5% reduction in net charge-offs for 2014 compared to 2013. The decrease in charge-offs is consistent with the overall reduction in delinquency and classified loans, lower unemployment, and a return of commercial and residential real estate values to pre-recession levels. Table 20 summarizes charge-offs and recoveries as well as net charge-offs as a percentage of average loans for each category of the loan portfolio.

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TABLE 20. CHARGE-OFFS AND RECOVERIES

	December 31,
(dollars in thousands)	2014			2013			2012			2011			2010
Charge-offs:
Commercial real estate—land and construction	$	—		$	536		$	3,879		$	7,494		$	3,630
Commercial real estate—improved property		2,426			6,915			7,693			19,466			22,542
Commercial and industrial		3,485			1,505			4,625			9,087			8,588
Residential real estate		2,437			3,079			3,902			4,627			4,952
Home equity lines of credit		652			549			1,144			798			780
Consumer		3,120			3,819			3,851			4,037			4,909
Total loan charge-offs		12,120			16,403			25,094			45,509			45,401
Deposit account overdrafts		779			880			871			936			966
Total charge-offs		12,899			17,283			25,965			46,445			46,367
Recoveries:
Commercial real estate—land and construction		—			125			607			199			57
Commercial real estate—improved property		603			615			1,107			993			780
Commercial and industrial		1,194			471			390			909			512
Residential real estate		454			401			407			375			111
Home equity lines of credit		115			116			30			116			57
Consumer		1,034			1,144			1,035			1,053			1,076
Total loan recoveries		3,400			2,872			3,576			3,645			2,593
Deposit account overdrafts		233			255			277			312			296
Total recoveries		3,633			3,127			3,853			3,957			2,889
Net charge-offs	$	9,266		$	14,156		$	22,112		$	42,488		$	43,478
Net charge-offs as a percentage of average loans:
Commercial real estate—land and construction		—	%		0.18	%		1.81	%		4.17	%		1.75	%
Commercial real estate—improved property		0.11			0.38			0.43			1.19			1.40
Commercial and industrial		0.39			0.20			1.00			1.94			1.83
Residential real estate		0.22			0.32			0.52			0.70			0.73
Home equity lines of credit		0.18			0.15			0.44			0.28			0.30
Consumer		0.88			1.01			1.13			1.18			1.38
Total net loan charge-offs		0.22	%		0.37	%		0.65	%		1.29	%		1.28	%

Total CRE charge-offs decreased 67% with no charge-offs in the land and construction category. This decrease reflects the overall improvement in credit quality in the CRE portfolios, recovering real estate values, and continued improvement in the economy. CRE loans experienced the most significant losses following the recession that began in 2007 as demand for new development came to an abrupt halt, investment CRE vacancies rose and property values plummeted in certain markets. C&I charge-offs increased 132% primarily as a result of a $1.8 million charge in 2014 on a single borrowing relationship in the construction trades industry sector. Approximately $0.4 million of this loss was subsequently recovered during the year, which contributed to the increase in C&I recoveries in 2014. Residential real estate and consumer charge-offs declined as a result of lower unemployment, recovering real estate values, and overall improvement in the economy. As a result, net charge-offs decreased to their lowest level since prior to the recession.

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ALLOWANCE FOR CREDIT LOSSES

The allowance for loan losses (“allowance”) decreased $2.7 million or 5.7% from December 31, 2013 to December 31, 2014 as the provision for credit losses decreased 29.5%, attributable to lower historical loss rates, improved credit quality, and a stronger economic environment, all of which are considered when determining the adequacy of the allowance. Table 21 summarizes the allowance together with selected relationships of the allowance and provision for credit losses to total loans and certain categories of loans.

The allowance as a percentage of total loans decreased due to improvement in most of the factors that determine the adequacy of the allowance including any allowance for the difference between estimated losses on acquired loans and the remaining unamortized credit mark associated with those loans in years following any acquisition. If the credit portion of the fair market value adjustment for acquired loans were included with the allowance, the combined total would approximate 1.17% of total loans at December 31, 2014 and 1.34% at December 31, 2013.

TABLE 21. ALLOWANCE FOR CREDIT LOSSES

	December 31,
(dollars in thousands)	2014			2013			2012			2011			2010
Balance at beginning of year:
Allowance for loan losses	$	47,368		$	52,699		$	54,810		$	61,051		$	61,160
Allowance for loan commitments		602			341			468			1,404			195
Total beginning balance		47,970			53,040			55,278			62,455			61,355
Provision for credit losses:
Provision for loan losses		6,552			8,825			20,001			36,247			43,369
Provision for loan commitments		(147	)		261			(127	)		(936	)		1,209
Total provision for credit losses		6,405			9,086			19,874			35,311			44,578
Net charge-offs:
Total charge-offs		12,899			17,283			25,965			46,445			46,367
Total recoveries		3,633			3,127			3,853			3,957			2,889
Net charge-offs		9,266			14,156			22,112			42,488			43,478
Balance at end of year:
Allowance for loan losses		44,654			47,368			52,699			54,810			61,051
Allowance for loan commitments		455			602			341			468			1,404
Total ending balance	$	45,109		$	47,970		$	53,040		$	55,278		$	62,455
Allowance for loan losses as a percentage of total loans		1.09	%		1.22	%		1.43	%		1.69	%		1.86	%
Allowance for loan losses to non-accrual loans		1.15x			1.29x			1.34x			0.95x			1.25x
Allowance for loan losses to total non-performing loans		0.88x			0.92x			0.83x			0.63x			0.63x
Allowance for loan losses to total non-performing loans and loans past due 90 days or more		0.84x			0.88x			0.76x			0.6x			0.59x

The allowance consists of specific reserves for certain impaired loans and a general reserve for all other loans. WesBanco uses the greater of the most recent twelve month or thirty-six month historical loss rate by risk grade for CRE—improved property and C&I loans and for the total of CRE—land and construction loans, retail loans and deposit overdrafts as a base loss rate for the general allowance. The base loss rate is adjusted for the impact of qualitative factors which in management’s judgment are appropriate to accurately reflect probable loss in each loan category. Qualitative factors include the impact of historical loss rates for the most recent sixty months, the volatility and velocity with which historical loss rates have changed during the economic cycle, economic conditions, delinquency levels and trends, non-performing and classified loan levels and trends, changes in credit policies and lending standards, concentrations of credit exposure if any, the results of regulatory examinations and internal loan reviews, and other external factors when appropriate. Table 22 summarizes the components of the allowance.

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TABLE 22. COMPONENTS OF THE ALLOWANCE FOR CREDIT LOSSES

	December 31,
(in thousands)	2014		2013		2012		2011		2010
General allowance:
Based on historical loss experience	$	29,359	$	38,545	$	39,761	$	42,920	$	42,133
Based on qualitative factors		11,497		8,091		11,195		8,537		11,998
Specific reserves		3,798		732		1,743		3,353		6,920
Total allowance for loan losses		44,654		47,368		52,699		54,810		61,051
Allowance for loan commitments		455		602		341		468		1,404
Total allowance for credit losses	$	45,109	$	47,970	$	53,040	$	55,278	$	62,455

The general allowance based on historical loss experience decreased $9.2 million or 23.8% from December 31, 2013 to December 31, 2014, which is directionally consistent with a decrease in net charge-offs for the past twelve and thirty-six month periods. However, net charge-offs have decreased rapidly following the recession that impacted the periods prior to the past thirty-six months. Therefore, the general allowance based on qualitative factors increased $3.4 million or 42.1% from December 31, 2013 to December 31, 2014 primarily due to consideration of higher loss rates experienced through the longer economic cycle and management’s uncertainty about the sustainability of recent improvement in general economic conditions. Specific reserves increased $3.1 million from December 31, 2013 to December 31, 2014 as a result of two CRE loans aggregating $7.3 million being placed on non-accrual in the second half of 2014. The allowance for loan commitments, which is not material to the total allowance for credit losses, decreased $0.1 million or 24.4% from December 31, 2013 to December 31, 2014.

Table 23 summarizes the allocation of the allowance for credit losses to each category of loans.

TABLE 23. ALLOCATION OF THE ALLOWANCE FOR CREDIT LOSSES

	December 31,
(dollars in thousands)	2014		2013		2012		2011		2010
Allowance for loan losses:
Commercial real estate—land and construction	$	5,654	$	6,056	$	3,741	$	4,842	$	4,701
Commercial real estate—improved property		17,573		18,157		23,614		24,748		30,836
Commercial and industrial		9,063		9,925		9,326		11,414		10,793
Residential real estate		5,382		5,673		7,182		5,638		5,950
Home equity lines of credit		2,329		2,017		2,458		1,962		2,073
Consumer		4,078		5,020		5,557		5,410		5,641
Deposit account overdrafts		575		520		821		796		1,057
Total allowance for loan losses		44,654		47,368		52,699		54,810		61,051
Allowance for loan commitments:
Commercial real estate—land and construction		194		301		27		74		1,037
Commercial real estate—improved property		10		62		25		21		285
Commercial and industrial		112		130		215		323		65
Residential real estate		9		5		6		4		1
Home equity lines of credit		90		85		49		33		14
Consumer		40		19		19		13		2
Total allowance for loan commitments		455		602		341		468		1,404
Total allowance for credit losses	$	45,109	$	47,970	$	53,040	$	55,278	$	62,455

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Please refer to Note 4, “Loans and the Allowance for Credit Losses,” of the consolidated Financial Statements for a summary of changes in the allowance for credit losses applicable to each category of loans. Changes in the allowance for all categories of loans also reflect the net effect of changes in historical loss rates, loan balances, and specific reserves, and management’s judgment with respect to the impact of qualitative factors on each category of loans. Decreases in the allowances for all loan categories generally reflect lower historical loss rates and reductions in classified commercial loans. However, the decrease in the allowance for CRE—improved property loans was tempered by higher specific reserves on two non-accrual loans, and the allowance for HELOCs increased due to loan growth and repayment risk associated with lines that are nearing the end of their availability period. The allowance for deposit account overdrafts increased but is not material to the total allowance. Although the allowance for credit losses is allocated as described in Table 23, the total allowance is available to absorb losses in any category of loans. However, differences between management’s estimation of probable losses and actual incurred losses in subsequent periods may necessitate future adjustments to the provision for credit losses. Management believes the allowance for credit losses is appropriate to absorb probable losses at December 31, 2014.

DEPOSITS

TABLE 24. DEPOSITS

	December 31,
(dollars in thousands)	2014		2013		$ Change			% Change
Deposits
Non-interest bearing demand	$	1,061,075	$	960,814	$	100,261			10.4
Interest bearing demand		885,037		857,761		27,276			3.2
Money market		954,957		942,768		12,189			1.3
Savings deposits		842,818		789,709		53,109			6.7
Certificates of deposit		1,305,096		1,511,478		(206,382	)		(13.7	)
Total deposits	$	5,048,983	$	5,062,530	$	(13,547	)		(0.3	)

Deposits, which represent WesBanco’s primary source of funds, are offered in various account forms at various rates through WesBanco’s 120 branches in West Virginia, Ohio and western Pennsylvania. The FDIC insures all deposits up to $250,000 per account.

Total deposits decreased by $13.5 million or 0.3% in 2014 due to a $206.4 million decrease in CDs, which was primarily offset by increases in all other deposit categories. Non-interest bearing demand deposits and savings deposits had increases of 10.4% and 6.7%, respectively, while interest bearing demand deposits and money market deposits had smaller increases of 3.2% and 1.3%, respectively. These increases were due to marketing, marketing incentives paid to customers, focused retail, business and treasury management strategies to obtain more account relationships, and customers’ overall preference for short-term maturities. Additionally, these increases were achieved through initial deposits from bonus and royalty payments for Marcellus and Utica shale gas payments, of approximately $237 million, from energy companies in WesBanco’s southwestern Pennsylvania, eastern Ohio and northern West Virginia markets.

Certificates of deposit decreased by 13.7% during 2014 due primarily to lower offered rates on maturing certificates of deposit and customer preferences for other non-maturity deposit types. The average rate on certificates of deposit decreased 43 basis points from 1.37% for the year ended December 31, 2013 to 0.94% in 2014. WesBanco does not generally solicit brokered or other deposits out-of-market or over the internet, but does participate in the Certificate of Deposit Account Registry Services (CDARS^®) program and the Insured Cash Sweep (ICS^®) money market deposit program. CDARS^® balances totaled $283.0 million in total outstanding balances at December 31, 2014, of which $172.3 million represented one-way buys, compared to $344.7 million in total outstanding balances at December 31, 2013, of which $234.1 million represented one-way buys. ICS^® balances totaled $117.1 million and $107.3 million at December 31, 2014 and 2013, respectively. Certificates of

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deposit greater than $250,000 were approximately $174.7 million at December 31, 2014 compared to $164.8 million at December 31, 2013. Certificates of deposit of $100,000 or more were approximately $706.1 million at December 31, 2014 compared to $809.7 million at December 31, 2013. Certificates of deposit totaling approximately $764.7 million at December 31, 2014 with a cost of 0.88% are scheduled to mature within the next year. The average rate on certificates of deposit decreased 43 basis points from 1.37% for the year ended December 31, 2013 to 0.94% in 2014 with a similar decrease experienced for jumbo certificates of deposit. WesBanco intends to continue to focus on its core deposit strategies and improving its overall mix of transaction accounts to total deposits. From time to time the Bank may offer special promotions on certain certificates of deposit maturities and savings products based on competition, sales strategies, liquidity needs and wholesale borrowing costs, although in the current interest rate environment, CD rate offerings are generally lower for all maturities and types compared to rates paid on existing CDs that were purchased in prior years when rates were higher.

TABLE 25. MATURITY DISTRIBUTION OF CERTIFICATES OF DEPOSIT OF $100,000 OR MORE

	December 31,
(dollars in thousands)	2014		2013		$ Change			% Change
Maturity:
Within three months	$	182,097	$	181,739	$	358			0.2
Three to six months		134,180		94,187		39,993			42.5
Seven to twelve months		118,791		126,782		(7,991	)		(6.3	)
Over twelve months		271,068		407,023		(135,955	)		(33.4	)
Total certificates of deposit of $100,000 or more	$	706,136	$	809,731	$	(103,595	)		(12.8	)

Interest expense on certificates of deposit of $100,000 or more totaled approximately $7.5 million, $13.0 million and $14.9 million in 2014, 2013 and 2012, respectively.

BORROWINGS

TABLE 26. BORROWINGS

	December 31,
(dollars in thousands)	2014		2013		$ Change			% Change
Federal Home Loan Bank Borrowings	$	223,126	$	39,508	$	183,618			464.8
Other short-term borrowings		80,690		150,536		(69,846	)		(46.4	)
Junior subordinated debt owed to unconsolidated subsidiary trusts		106,176		106,137		39			0.0
Total	$	409,992	$	296,181	$	113,811			38.4

Borrowings are a less significant source of funding for WesBanco compared to total deposits. During 2014, FHLB borrowings increased $183.6 million at an average cost of 0.56%, from December 31, 2013, as $16.8 million in scheduled maturities were offset by new borrowings of $200.5 million which were utilized to manage WesBanco’s normal liquidity needs, including loan and investment funding, as well as CD runoff.

WesBanco is a member of the FHLB system. The FHLB system functions as a borrowing source for regulated financial institutions that are engaged in residential and commercial real estate lending along with securities investing. WesBanco uses term FHLB borrowings as a general funding source and to more appropriately match interest maturities for certain assets. FHLB borrowings are secured by blanket liens on certain residential and other mortgage loans with a market value in excess of the outstanding borrowing balances. The terms of the security agreement with the FHLB include a specific assignment of collateral that requires the maintenance of qualifying mortgage and other types of loans as pledged collateral with unpaid principal amounts

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in excess of the FHLB advances, when discounted at certain pre-established percentages of the loans’ unpaid balances. FHLB stock, which is recorded at cost of $11.6 million at December 31, 2014, is also pledged as collateral for these advances. WesBanco’s remaining maximum borrowing capacity, subject to the collateral requirements noted, with the FHLB at December 31, 2014 and 2013 was estimated to be approximately $1.5 billion and $1.6 billion, respectively.

Other short-term borrowings which may consist of federal funds purchased, callable repurchase agreements, overnight sweep checking accounts and borrowings on a revolving line of credit at December 31, 2014 were $80.7 million compared to $150.5 million at December 31, 2013. The decrease in these borrowings has occurred primarily as a result of a $20.0 million decrease in federal funds purchased coupled with a $49.8 million decrease in securities sold under agreements to repurchase. Included in the decrease in other short-term borrowings was a prepayment of a higher rate $22.0 million repurchase agreement with another bank that resulted in a $1.4 million prepayment charge.

On September 5, 2014, WesBanco entered into a new revolving line of credit, which is a senior obligation of the parent company, with another financial institution. This revolving line of credit replaced another correspondent bank revolving line of credit that matured on July 31, 2014. The new revolving line of credit, which accrues interest at an adjusted LIBOR rate, provides for aggregate unsecured borrowings of up to $25.0 million. The new revolving line of credit also requires WesBanco to maintain at all times a consolidated four quarter average return on average assets of > 0.70%, a Texas ratio of less than 25% (broadly defined as the ratio of non-performing assets to tangible common equity and the allowance for loan losses), unencumbered cash and marketable securities of at least $12.0 million, and to maintain at all times on a consolidated basis and for the Bank a total risk-based capital ratio of > 12.0%, a Tier 1 risk-based capital ratio of > 10.0% and a Tier 1 leverage ratio of > 7.0%. WesBanco was in compliance with all terms and conditions at December 31, 2014. There were no outstanding balances on either revolving line of credit as of December 31, 2014 or December 31, 2013.

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CONTRACTUAL OBLIGATIONS

TABLE 27. CONTRACTUAL OBLIGATIONS

			December 31, 2014 (1)
(in thousands)	Footnote Reference		Less than One Year		One to Three Years		Three to Five Years		More Than Five Years		Total
Deposits without a stated maturity		N/A	$	3,743,887	$	—	$	—	$	—	$	3,743,887
Certificates of deposit		8		764,694		350,236		168,592		21,574		1,305,096
Federal Home Loan Bank borrowings		9		150,858		65,477		5,306		1,485		223,126
Other short term borrowings		9		80,690		—		—		—		80,690
Junior subordinated debt owed to unconsolidated subsidiary trusts		10		—		—		—		106,176		106,176
Future benefit payments under pension plans (2)(3)		11		3,409		7,709		9,034		257,414		277,566
Director and executive officer retirement plans (2)		N/A		812		1,727		1,506		5,177		9,222
Consulting agreements (2)		N/A		109		50		—		—		159
Leases (2)		5		2,557		3,715		2,462		11,238		19,972
Software licenses and maintenance agreements (2)		N/A		1,043		2,085		1,215		—		4,343
Naming rights		N/A		250		500		500		1,000		2,250
Limited partnership funding commitments		7		313		100		27		55		495
Total			$	4,748,622	$	431,599	$	188,642	$	404,119	$	5,772,982

(1) Represents maturities of principal and excludes interest payments.

(2) These payments are recognized as expense in the income statement when incurred and not necessarily at the time of payment.

(3) Pension plan assets of $110.0 million were available at December 31, 2014 to absorb the undiscounted future estimated payments to plan participants.

Significant fixed and determinable contractual obligations as of December 31, 2014 are presented in the table above by due date. The amounts shown do not include future interest payments, accrued interest or other similar carrying value adjustments. Additional information related to each obligation is included in the referenced footnote to the Consolidated Financial Statements.

WesBanco’s future benefit payments under pension plans are estimated based on actuarial assumptions and do not necessarily represent the actual contractual cash flows that may be required by WesBanco in the future. Please refer to Note 11, “Employee Benefit Plans,” of the Consolidated Financial Statements for more information on employee benefit plans.

OFF-BALANCE SHEET ARRANGEMENTS

WesBanco enters into financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit, letters of credit, loans approved but not closed, overdraft limits and contingent obligations to purchase loans funded by other entities. Since many of these commitments expire unused or partially used, these commitments may not reflect future cash requirements. Please refer to Note 16, “Commitments and Contingent Liabilities,” of the Consolidated Financial Statements and the “Loans and Loan Commitments” section of this MD&A for additional information.

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CAPITAL RESOURCES

Shareholders’ equity increased to $788.2 million at December 31, 2014 from $746.6 million at December 31, 2013. The increase was due primarily to net income of $70.0 million, which was partially offset by the declaration of dividends to common shareholders of $25.7 million and a $6.1 million other comprehensive loss. The other comprehensive loss was due to an unrealized loss in the defined benefit pension plan, partially offset by unrealized gains in the securities portfolio.

For 2014, common dividends increased to $0.88 per share, or 12.8% on an annualized basis, compared to $0.78 per share in 2013. The common dividend per share payout ratio increased to 36.8% in 2014 from 35.5% in 2013, which is primarily attributable to common dividends increasing more rapidly than earnings year-over-year. A board-approved policy generally targets dividends as a percent of net income in a range of 40% to 60%, subject to capital levels, earnings history and prospects, regulatory concerns, and other factors. The quarterly dividend was increased again in February 2015 to $0.23 per share, or 4.5%.

In March, 2007 WesBanco’s Board of Directors approved a share repurchase plan for up to 1,000,000 shares, after completion of a prior repurchase plan. At December 31, 2014, 378,286 shares of WesBanco common stock remained authorized to be purchased under the current repurchase plan.

As of December 31, 2014 and 2013, WesBanco had an outstanding stock warrant issued to the U.S. Department of Treasury (“UST”) to purchase 100,448 shares of WesBanco common stock at a price of $10.45 per share. This warrant was issued in 2012 at the time of the acquisition of Fidelity to convert a Fidelity warrant previously issued with the sale by Fidelity of preferred stock to the UST under the Capital Purchase Program. All preferred stock sold to the UST was repurchased by Fidelity, and the warrant converted, in conjunction with the acquisition.

WesBanco is subject to risk-based capital guidelines that measure capital relative to risk-weighted assets and off-balance sheet instruments. WesBanco and its banking subsidiary WesBanco Bank maintain Tier 1 risk-based, total risk-based and Tier 1 leverage capital ratios significantly above minimum regulatory levels. WesBanco Bank paid $59.5 million in dividends to WesBanco during 2014, or 81.7% of the Bank’s net income. There are various legal limitations under federal and state laws that limit the payment of dividends from the Bank to the parent company. As of December 31, 2014, under FDIC and State of West Virginia regulations, WesBanco could receive, without prior regulatory approval, dividends of approximately $28.5 million from the Bank.

WesBanco currently has $106.2 million in junior subordinated debt in its Consolidated Balance Sheet presented as a separate category of borrowings. For regulatory purposes, trust preferred securities totaling $103.0 million, issued by unconsolidated trust subsidiaries of WesBanco underlying such junior subordinated debt, is included in Tier 1 capital in accordance with current regulatory reporting requirements. A grandfather provision of the Dodd-Frank Act permits bank holding companies with consolidated assets of less than $15 billion, such as WesBanco, to continue counting existing trust preferred securities as Tier 1 capital until they mature. In July 2013, the U.S. federal banking agencies issued a joint final rule that implements the Basel III capital standards effective January 1, 2015 with a phase-in period ending January 1, 2019. The final capital rule establishes the minimum capital levels required under the Dodd-Frank Act, permanently grandfathers trust preferred securities issued before May 19, 2010, and increases the capital required for certain categories of assets.

WesBanco has evaluated the impact of the Basel III final capital rule, including the opting out of accumulated other comprehensive income treatment, on its regulatory capital ratios and estimates a reduction of approximately 65 to 75 basis points to the Tier 1 and total risk-based capital ratios, a reduction of approximately 15 to 20 basis points to the leverage ratio, and a new common equity Tier 1 ratio in a range of 9.75% to 10% based on the December 31, 2014 balance sheet composition, which excludes ESB. These estimates are based on management’s current understanding and expectation of the regulatory implementations of the Basel III final capital rule. Management anticipates that capital ratios, on a Basel III basis, will continue to exceed the well-capitalized minimum requirements.

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Please refer to Note 19, “Regulatory Matters,” of the Consolidated Financial Statements for more information on capital amounts, ratios and minimum regulatory requirements. Also refer to “Item 1. Business” within this Annual Report on Form 10-K for more information on the Dodd-Frank Wall Street Reform and Consumer Protection Act and Basel III Capital Standards.

LIQUIDITY RISK

Liquidity is defined as a financial institution’s capacity to meet its cash and collateral obligations at a reasonable cost. Liquidity risk is the risk that an institution’s financial condition or overall safety and soundness is adversely affected by an inability, or perceived inability, to meet its obligations. An institution’s obligations, and the funding sources to meet them, depend significantly on its business mix, balance sheet structure, and the cash flows of its on- and off-balance sheet obligations. Institutions confront various internal and external situations that can give rise to increased liquidity risk including funding mismatches, market constraints on funding sources, contingent liquidity events, changes in economic conditions, and exposure to credit, market, operation, legal and reputation risk. WesBanco actively manages liquidity risk through its ability to provide adequate funds to meet changes in loan demand, unexpected outflows in deposits and other borrowings as well as to take advantage of market opportunities and meet operating cash needs. This is accomplished by maintaining liquid assets in the form of securities, sufficient borrowing capacity and a stable core deposit base. Liquidity is centrally monitored by WesBanco’s Asset/Liability Committee (“ALCO”).

WesBanco determines the degree of required liquidity by the relationship of total holdings of liquid assets to the possible need for funds to meet unexpected deposit losses and/or loan demands. The ability to quickly convert assets to cash at a minimal loss is a primary function of WesBanco’s investment portfolio management. WesBanco believes its cash flow from the loan portfolio, the investment portfolio, and other sources, adequately meet its liquidity requirements. WesBanco’s net loans to assets ratio was 64.2% at December 31, 2014 and deposit balances funded 80.2% of assets.

The following table lists the sources of liquidity from assets at December 31, 2014 expected within the next year:

(in thousands)
Cash and cash equivalents	$	94,002
Securities with a maturity date within the next year		19,670
Projected payments and prepayments on mortgage-backed securities and collateralized mortgage obligations (1)		152,636
Callable securities		99,904
Loans held for sale		5,865
Accruing loans scheduled to mature		606,890
Normal loan repayments		339,488
Total sources of liquidity expected within the next year	$	1,318,455

(1) Projected prepayments are based on current prepayment speeds.

Deposit flows are another principal factor affecting overall WesBanco liquidity. Deposits totaled $5.0 billion at December 31, 2014. Deposit flows are impacted by current interest rates, products and rates offered by WesBanco versus various forms of competition, as well as customer behavior. Certificates of deposit scheduled to mature within one year totaled $764.7 million at December 31, 2014, which includes jumbo regular certificates of deposit totaling $266.5 million with a weighted-average cost of 1.11%, and jumbo CDARS^® deposits of $168.6 million with a cost of 0.57%.

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WesBanco maintains a line of credit with the FHLB as an additional funding source. Available credit with the FHLB at December 31, 2014 approximated $1.5 billion, compared to $1.6 billion at December 31, 2013. At December 31, 2014, the Bank had unpledged available-for-sale securities with an amortized cost of $273.2 million, a portion of which is an available liquidity source, or such securities could be pledged to secure additional FHLB borrowings. The FHLB requires securities to be specifically pledged to the FHLB and maintained in a FHLB-approved custodial arrangement if the member wishes to include such securities in the maximum borrowing capacity calculation. WesBanco has elected not to specifically pledge to the FHLB otherwise unpledged securities.

WesBanco participates in the Federal Reserve Bank’s Borrower-in-Custody Program (“BIC”) whereby WesBanco pledges certain consumer loans as collateral for borrowings. At December 31, 2014, WesBanco had a BIC line of credit totaling $138.9 million, none of which was outstanding. Alternative funding sources may include the utilization of existing overnight lines of credit with third party banks totaling $155.0 million, none of which was outstanding at December 31, 2014, along with seeking other lines of credit, borrowings under repurchase agreement lines, increasing deposit rates to attract additional funds, accessing brokered deposits, or selling securities available-for-sale or certain types of loans.

Other short-term borrowings of $80.7 million at December 31, 2014 consisted of callable repurchase agreements and overnight sweep checking accounts for large commercial customers. There has not been a significant fluctuation in the average deposit balance of the overnight sweep checking accounts during 2014. The overnight sweep checking accounts require U.S. Government securities to be pledged equal to or greater than the average deposit balance in the related customer accounts.

The principal sources of parent company liquidity are dividends from the Bank, $63.9 million in cash and investments on hand, and a $25.0 million revolving line of credit with another bank, which did not have an outstanding balance at December 31, 2014. WesBanco is in compliance with all loan covenants. There are various legal limitations under federal and state laws that limit the payment of dividends from the Bank to the parent company. As of December 31, 2014, under FDIC and State of West Virginia regulations, WesBanco could receive, without prior regulatory approval, dividends of approximately $28.5 million from the Bank. Management believes these are appropriate levels of cash for WesBanco given the current environment. Management continuously monitors the adequacy of parent company cash levels and sources of liquidity through the use of metrics that relate current cash levels to historical and forecasted cash inflows and outflows.

WesBanco had outstanding commitments to extend credit in the ordinary course of business approximating $1.2 billion at December 31, 2014 and 2013. On a historical basis, only a small portion of these commitments will result in an outflow of funds. Please refer to Note 16, “Commitments and Contingent Liabilities,” of the Consolidated Financial Statements and the “Loans and Loan Commitments” section of this MD&A for additional information.

Federal financial regulatory agencies previously have issued guidance to provide for sound practices for managing funding and liquidity risk and strengthening liquidity risk management practices. WesBanco maintains a comprehensive management process for identifying, measuring, monitoring, and controlling liquidity risk which is fully integrated into its risk management process. Management believes WesBanco has sufficient current liquidity to meet current obligations to borrowers, depositors and others as of December 31, 2014 and that WesBanco’s current liquidity risk management policies and procedures adequately address this guidance.

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COMPARISON OF 2013 VERSUS 2012

Net income increased 29% for the twelve months ended December 31, 2013 to $63.9 million compared to $49.5 million for 2012, while diluted earnings per share were $2.18, an increase of 18% compared to $1.84 per share for 2012. The increased net income improved the return on average assets to 1.05% in 2013 from 0.88% in 2012. The results for 2013 include the first full year of the November 2012 acquisition of Pittsburgh-based Fidelity Bancorp, Inc. (“Fidelity”) that significantly expanded WesBanco’s presence in the southwestern Pennsylvania market.

Net interest income increased $17.1 million or 10.2% in 2013 compared to 2012, due to an 8.5% increase in average earning assets, primarily through increased average loan balances. In addition, the net interest margin increased 5 basis points to 3.58%, benefitting from the loan growth, purchase accounting-related accretion and a continued decrease in funding costs. The margin improvement in 2013 was due to lower funding costs resulting from a 36.1% average reduction in higher rate FHLB advances and other borrowings, primarily through maturities, an 11.8% increase in total average deposits, with 88.6% of the increase from lower cost demand, money market or savings accounts and the repricing at lower rates of maturing CDs. Accretion of various purchase accounting adjustments from the acquisition also improved the net interest margin by 9 basis points for the year.

Credit quality continued to improve over 2012. Net charge-offs in 2013 were $14.2 million, or 0.38% of average portfolio loans, compared to net charge-offs of $22.1 million or 0.66% for 2012. As a result of an improvement in all measures of credit quality, including delinquent and non-performing loans and classified and criticized loans, the provision for credit losses decreased to $9.1 million year-to-date compared to $19.9 million in 2012.

Non-interest income increased $4.5 million or 7.0% compared to 2012. Trust fees increased 8.5% as assets under management continued to increase from customer development initiatives and overall market improvements. Total trust assets were up 13.9% from 2012. Net securities brokerage revenues increased 35.7% due to significant production increases from existing markets, the deployment of an advisor team in the Pittsburgh market, the addition of support and producing staff in several regions, and an increase in referrals and production from a licensed retail banker program. Service charges on deposits and electronic banking fees grew 4.6% and 7.6%, respectively for 2013, and somewhat benefited from the acquisition. Securities gains were lower due to reduced portfolio restructuring compared to prior periods as interest rates increased. Mortgage loan sales gains decreased as the percentage of mortgage loans retained for the portfolio increased and loan production declined, beginning in the fourth quarter, as increasing interest rates reduced customer loan refinancings. However, WesBanco overall achieved record mortgage loan production in 2013, up 13% from 2012 to $392 million.

Non-interest expense in 2013 increased $10.9 million or 7.3% compared to 2012. Increases were partially due to recurring expenses related to operating 13 additional branches acquired in the acquisition. Substantially all of the back office and other administrative savings targeted to be obtained from the merger were accomplished by year-end. Lower merger-related costs also benefited 2013. Salaries and wages increased 11.1% for 2013 due to routine annual adjustments to compensation, increased FTEs in the Pittsburgh market partially offset by the integration efficiencies, increased commissions on higher loan originations and brokerage revenue and higher incentive compensation. Employee benefit expenses increased for the year primarily from increased pension expense and employer taxes. Marketing costs were higher compared to 2012 due to additional marketing initiatives during 2013 and marketing expenses in the new Pittsburgh market.

The provision for income taxes increased to $20.8 million in 2013 compared to $13.6 million in 2012. The increase in income tax expense was due to a $21.6 million increase in pre-tax income, which caused a higher effective tax rate of 24.5% compared to 21.5% for 2012. The increase in the effective tax rate was also affected by a higher percentage of taxable vs. tax-exempt income as pre-tax income grew.

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ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

The disclosures set forth in this item are qualified by the section captioned “Forward-Looking Statements” included in “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations” of this report.

MARKET RISK

The primary objective of WesBanco’s ALCO is to maximize net interest income within established policy parameters. This objective is accomplished through the management of balance sheet composition, market risk exposures arising from changing economic conditions and liquidity risk.

Market risk is defined as the risk of loss due to adverse changes in the fair value of financial instruments resulting from fluctuations in interest rates and equity prices. Management considers interest rate risk to be WesBanco’s most significant market risk. Interest rate risk is the exposure to adverse changes in net interest income due to changes in interest rates. The relative consistency of WesBanco’s net interest income is largely dependent on effective management of interest rate risk. As interest rates change in the market, rates earned on interest rate sensitive assets and rates paid on interest rate sensitive liabilities do not necessarily move concurrently. Differing rate sensitivities may arise because fixed rate assets and liabilities may not have the same maturities, or because variable rate assets and liabilities differ in the timing and/or the percentage of rate changes.

WesBanco’s ALCO, comprised of senior management from various functional areas, monitors and manages interest rate risk within Board approved policy limits. Interest rate risk is monitored primarily through the use of an earnings simulation model. The model is highly dependent on various assumptions, which change regularly as the balance sheet and market interest rates change. The key assumptions and strategies employed are analyzed bi-monthly and reviewed and documented by the ALCO.

The earnings simulation model projects changes in net interest income resulting from the effect of changes in interest rates. Forecasting changes in net interest income requires management to make certain assumptions regarding loan and security prepayment rates, bond call dates, and adjustments to non-maturing deposit rates, which may not necessarily reflect the manner in which actual yields and costs respond to changes in market interest rates. Assumptions used are based primarily on historical experience and current market rates. Security portfolio maturities and prepayments are assumed to be reinvested in similar instruments and callable bond forecasts are adjusted at varying levels of interest rates. While management believes such assumptions to be reasonable, there can be no assurance that assumed prepayment rates, callable bond forecasts and non-maturing deposit rates will approximate actual future results. Moreover, the net interest income sensitivity chart presented in Table 1, “Net Interest Income Sensitivity,” assumes the composition of interest sensitive assets and liabilities existing at the end of the period remains constant over the period being measured and also assumes that a particular change in interest rates is reflected uniformly across the yield curve, regardless of the duration of the maturity or re-pricing of specific assets and liabilities. Since the assumptions used in the model relative to changes in interest rates are uncertain, the simulation analysis may not be indicative of actual results. In addition, the analysis may not consider all actions that management could employ in response to changes in interest rates and various earning asset and costing liability balances.

Management is aware of the significant effect inflation or deflation has upon interest rates and ultimately upon financial performance. WesBanco’s ability to cope with inflation or deflation is best determined by analyzing its capability to respond to changing market interest rates, as well as its ability to manage the various elements of non-interest income and expense during periods of increasing or decreasing inflation or deflation. WesBanco monitors the level and mix of interest-rate sensitive assets and liabilities through ALCO in order to reduce the impact of inflation or deflation on net interest income. Management also controls the effects of inflation or deflation by conducting periodic reviews of the prices and terms of its various products and services, both in terms of the costs to offer the services as well as outside market influences upon such pricing, by introducing new products and services or reducing the availability of existing products and services, and by controlling overhead expenses.

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Interest rate risk policy limits are determined by measuring the anticipated change in net interest income over a twelve month period assuming an immediate and sustained 100, 200 and 300 basis point increase or decrease in market interest rates compared to a stable rate environment or base model. WesBanco’s current policy limits this exposure to a reduction of 5.0%, 12.5% and 25% or less, respectively, of net interest income from the base model over a twelve month period. The table below shows WesBanco’s interest rate sensitivity at December 31, 2014 and 2013 assuming a 100, 200 and 300 basis point interest rate increase, compared to a base model. Due to the current low interest rate environment, particularly for short-term rates, the 200 and 300 basis point decreasing change is not calculated.

TABLE 1. NET INTEREST INCOME SENSITIVITY

Immediate Change in Interest         Rates (basis points)	Percentage Change in Net Interest Income from Base over One Year		ALCO                  Guidelines
	December 31, 2014	December 31, 2013
+300	0.9%	0.2%	(25.0%)
+200	2.1%	1.7%	(12.5%)
+100	1.9%	1.6%	(5.0%)
-100	(1.8%)	(2.0%)	(5.0%)

As per the table above, the earnings simulation model at December 31, 2014 currently projects that net interest income for the next twelve month period would decrease by 1.8% if interest rates were to fall immediately by 100 basis points, compared to a decrease of 2.0% for the same scenario as of December 31, 2013.

For rising rate scenarios, net interest income would increase by 1.9%, 2.1%, and 0.9% if rates increased by 100, 200 and 300 basis points, respectively, as of December 31, 2014 compared to increases of 1.6%, 1.7% and 0.2% in a 100, 200 and 300 basis point increasing rate environment as of December 31, 2013.

The balance sheet is slightly asset sensitive as of December 31, 2014, similar to December 31, 2013, based upon changes in the mix of various earning assets and costing liabilities, 2014 loan and transaction deposit account growth and borrowings reduction, as well as certain changes in modeling assumptions. Should rates rise more rapidly and by a higher amount than currently anticipated in the short to intermediate term, overall asset sensitivity may be somewhat neutralized due to slower anticipated prepayment speeds and extension risk associated with residential mortgages and mortgage-backed securities. In addition, variable rate commercial loans with rate floors averaging 4.26% approximated $1.1 billion at December 31, 2014, which represented approximately 42% of commercial loans. In a 100 basis point rising rate environment, these loans would not as significantly re-price from their current floor level as compared to non-floor loans. However, not all such loans are currently priced at their floor. In the current lower spread and recently downward trending yield curve environment, WesBanco expects that the net interest margin will contract slightly in 2015 until mid-year. A short-term rate increase, anticipated by mid-year by many economists and the Federal Reserve Board, should cause the margin to slightly improve assuming no earning asset or costing liability changes. Maturities of higher-costing certificates of deposit scheduled over the next year should help to mitigate potential compression from lower loan spreads and general loan re-pricing in an increasingly more competitive loan environment, along with anticipated loan growth in most loan categories. Of note, certificates of deposit totaling approximately $796.0 million mature within the next year at an average cost of 0.87%.

The Bank has significant additional borrowing capacity with the FHLB of Pittsburgh, the Federal Reserve Bank of Cleveland, and various correspondent banks, and may utilize these funding sources as necessary to lengthen liabilities, help offset mismatches in various asset maturities, and manage short-term cash needs. CDARS^® and ICS^® deposits also continue to be used to lengthen maturities in certificates of deposit, and for customers seeking higher yielding instruments and to maintain deposit balances below insured limits.

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Current balance sheet strategies to reduce the potential for margin compression in the current rate environment include:

• increasing total loans; primarily commercial and residential with fixed rate periods of between 3-15 years, or variable to a published index;

• investing available short-term liquidity;

• continuing marketing programs to increase consumer loans and transaction deposits versus certificates of deposit;

• reinvestment of securities cash flows into new loans as demand warrants, or into other investments such as short and intermediate-term CMO pay structures, lower coupon MBS, and mid-term tax-exempt municipal securities;

• paying down borrowings as they mature with available cash from deposit growth, or extending term borrowings at current lower rates to balance asset/liability mismatches; and

• extending a portion of CD maturities through the CDARS^® program and continuing to decrease offered rates on CDs and other costing deposit types.

As an alternative to the immediate rate shock analysis, the ALCO monitors interest rate risk by ramping or increasing interest rates 200 basis points gradually over a twelve month period. WesBanco’s current policy limits this exposure to 5.0% of net interest income from the base model for a twelve month period. Management believes that the ramping analysis reflects a more realistic movement of interest rates, whereas the immediate rate shock reflects a less likely scenario. The simulation model at December 31, 2014, using the 200 basis point increasing rate ramp analysis, projects that net interest income would increase 1.9% over the next twelve months, compared to a 1.1% increase at December 31, 2013.

WesBanco also periodically measures the economic value of equity, which is defined as the market value of tangible equity in various increasing and decreasing rate scenarios. At December 31, 2014, the market value of tangible equity as a percent of base in a 200 basis point rising rate environment indicates an increase of 6.0%, compared to a decrease of 2.8% at December 31, 2013. In a 100 basis point falling rate environment, the model indicates a decrease of 11.0%, compared to a decrease of 5.3% as of December 31, 2013. WesBanco’s policy is to limit such change to minus 20% for a 200 basis point change in interest rates, as long as the Tier 1 leverage capital ratio is not forecasted to decrease below 5.0% as a result of the change. Balance sheet changes in loan and securities portfolios, continued maturities of borrowings and certificates of deposit, and adding certain transaction-type deposits, as well as certain other modeling assumptions, resulted in the change in equity market value from 2013.

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MANAGEMENT’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING

The management of WesBanco is responsible for establishing and maintaining adequate internal control over financial reporting. WesBanco’s internal control over financial reporting is a process designed under the supervision of WesBanco’s chief executive officer and chief financial officer to provide reasonable assurance regarding the reliability of financial reporting and the preparation of WesBanco’s financial statements for external reporting purposes in accordance with U.S. generally accepted accounting principles.

WesBanco’s management assessed the effectiveness of WesBanco’s internal control over financial reporting as of December 31, 2014 based on criteria established in Internal Control—Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (2013 framework) (the COSO criteria). Based on the assessment, management determined that, as of December 31, 2014, WesBanco’s internal control over financial reporting is effective, based on the COSO criteria. The effectiveness of WesBanco’s internal control over financial reporting as of December 31, 2014 has been audited by Ernst & Young LLP, WesBanco’s independent registered public accounting firm, as stated in their attestation report appearing below.

/s/ Todd F. Clossin	/s/ Robert H. Young
Todd F. Clossin	Robert H. Young
President and Chief Executive Officer	Executive Vice President and Chief Financial Officer

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Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholders of WesBanco, Inc.

We have audited WesBanco, Inc.’s internal control over financial reporting as of December 31, 2014, based on criteria established in Internal Control—Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (2013 framework) (the COSO criteria). WesBanco, Inc.’s management is responsible for maintaining effective internal control over financial reporting, and for its assessment of the effectiveness of internal control over financial reporting included in the accompanying Management’s Report on Internal Control Over Financial Reporting. Our responsibility is to express an opinion on the Company’s internal control over financial reporting based on our audit.

We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether effective internal control over financial reporting was maintained in all material respects. Our audit included obtaining an understanding of internal control over financial reporting, assessing the risk that a material weakness exists, testing and evaluating the design and operating effectiveness of internal control based on the assessed risk, and performing such other procedures as we considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion.

A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

In our opinion, WesBanco, Inc. maintained, in all material respects, effective internal control over financial reporting as of December 31, 2014, based on the COSO criteria.

We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the consolidated balance sheets of WesBanco, Inc. as of December 31, 2014 and 2013, and the related consolidated statements of income, comprehensive income, changes in shareholders’ equity, and cash flows for each of the three years in the period ended December 31, 2014 of WesBanco, Inc. and our report dated February 27, 2015 expressed an unqualified opinion thereon.

/s/ Ernst & Young LLP

Pittsburgh, Pennsylvania

February 27, 2015

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ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholders of WesBanco, Inc.

We have audited the accompanying consolidated balance sheets of WesBanco, Inc. as of December 31, 2014 and 2013, and the related consolidated statements of income, comprehensive income, changes in shareholders’ equity and cash flows for each of the three years in the period ended December 31, 2014. These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the consolidated financial position of WesBanco, Inc. at December 31, 2014 and 2013, and the consolidated results of its operations and its cash flows for each of the three years in the period ended December 31, 2014, in conformity with U.S. generally accepted accounting principles.

We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), WesBanco, Inc.’s internal control over financial reporting as of December 31, 2014, based on criteria established in Internal Control—Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (2013 framework) and our report dated February 27, 2015 expressed an unqualified opinion thereon.

/s/ Ernst & Young LLP

Pittsburgh, Pennsylvania

February 27, 2015

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WESBANCO, INC. CONSOLIDATED BALANCE SHEETS

	December 31,
(in thousands, except shares)	2014			2013
ASSETS
Cash and due from banks, including interest bearing amounts of $8,405 and $15,550, respectively	$	94,002		$	95,551
Securities:
Available-for-sale, at fair value		917,424			934,386
Held-to-maturity (fair values of $619,617 and $596,308, respectively)		593,670			598,520
Total securities		1,511,094			1,532,906
Loans held for sale		5,865			5,855
Portfolio loans, net of unearned income		4,086,766			3,894,917
Allowance for loan losses		(44,654	)		(47,368	)
Net portfolio loans		4,042,112			3,847,549
Premises and equipment, net		93,135			93,157
Accrued interest receivable		18,481			18,960
Goodwill and other intangible assets, net		319,506			321,426
Bank-owned life insurance		123,298			121,390
Other assets		89,072			107,979
Total Assets	$	6,296,565		$	6,144,773
LIABILITIES
Deposits:
Non-interest bearing demand	$	1,061,075		$	960,814
Interest bearing demand		885,037			857,761
Money market		954,957			942,768
Savings deposits		842,818			789,709
Certificates of deposit		1,305,096			1,511,478
Total deposits		5,048,983			5,062,530
Federal Home Loan Bank borrowings		223,126			39,508
Other short-term borrowings		80,690			150,536
Junior subordinated debt owed to unconsolidated subsidiary trusts		106,176			106,137
Total borrowings		409,992			296,181
Accrued interest payable		1,620			2,354
Other liabilities		47,780			37,113
Total Liabilities		5,508,375			5,398,178
SHAREHOLDERS’ EQUITY
Preferred Stock, no par value; 1,000,000 shares authorized; none outstanding		—			—
Common stock, $2.0833 par value; 50,000,000 shares authorized; issued: 29,367,511 in 2014 and 2013; outstanding: 29,298,188 shares and 29,175,236 shares in 2014 and 2013, respectively		61,182			61,182
Capital surplus		244,661			244,974
Retained earnings		504,578			460,351
Treasury stock (69,323 shares and 192,275 shares in 2014 and 2013, respectively, at cost)		(2,151	)		(5,969	)
Accumulated other comprehensive loss		(18,825	)		(12,734	)
Deferred benefits for directors		(1,255	)		(1,209	)
Total Shareholders’ Equity		788,190			746,595
Total Liabilities and Shareholders’ Equity	$	6,296,565		$	6,144,773

See Notes to Consolidated Financial Statements.

79

WESBANCO, INC. CONSOLIDATED STATEMENTS OF INCOME

	For the years ended December 31,
(in thousands, except shares and per share amounts)	2014			2013			2012
INTEREST AND DIVIDEND INCOME
Loans, including fees	$	172,182		$	175,323		$	166,656
Interest and dividends on securities:
Taxable		29,233			29,193			32,461
Tax-exempt		13,589			13,128			12,399
Total interest and dividends on securities		42,822			42,321			44,860
Other interest income		987			246			170
Total interest and dividend income		215,991			217,890			211,686
INTEREST EXPENSE
Interest bearing demand deposits		1,568			1,415			1,526
Money market deposits		1,877			1,462			2,183
Savings deposits		532			525			864
Certificates of deposit		13,286			22,010			26,371
Total interest expense on deposits		17,263			25,412			30,944
Federal Home Loan Bank borrowings		968			1,151			4,473
Other short-term borrowings		1,333			2,525			4,480
Junior subordinated debt owed to unconsolidated subsidiary trusts		3,199			3,315			3,438
Total interest expense		22,763			32,403			43,335
NET INTEREST INCOME		193,228			185,487			168,351
Provision for credit losses		6,405			9,086			19,874
Net interest income after provision for credit losses		186,823			176,401			148,477
NON-INTEREST INCOME
Trust fees		21,069			19,577			18,044
Service charges on deposits		16,135			17,925			17,138
Electronic banking fees		12,708			12,198			11,336
Net securities brokerage revenue		6,922			6,248			4,604
Bank-owned life insurance		4,614			4,664			3,516
Net gains on sales of mortgage loans		1,604			2,614			2,876
Net securities gains		903			684			2,463
Net losses on other real estate owned and other assets		(1,006	)		(81	)		(305	)
Other income		5,555			5,456			5,103
Total non-interest income		68,504			69,285			64,775
NON-INTEREST EXPENSE
Salaries and wages		67,408			65,431			58,913
Employee benefits		21,518			23,255			21,462
Net occupancy		12,122			11,809			10,905
Equipment		11,542			10,669			9,221
Marketing		5,242			5,174			4,235
FDIC insurance		3,376			3,725			3,899
Amortization of intangible assets		1,920			2,288			2,150
Restructuring and merger-related expense		1,309			1,310			3,888
Other operating expenses		37,196			37,337			35,447
Total non-interest expense		161,633			160,998			150,120
Income before provision for income taxes		93,694			84,688			63,132
Provision for income taxes		23,720			20,763			13,588
NET INCOME	$	69,974		$	63,925		$	49,544
EARNINGS PER COMMON SHARE
Basic	$	2.39		$	2.18		$	1.84
Diluted	$	2.39		$	2.18		$	1.84
AVERAGE COMMON SHARES OUTSTANDING
Basic		29,249,499			29,270,922			26,867,227
Diluted		29,333,876			29,344,683			26,888,847
DIVIDENDS DECLARED PER COMMON SHARE	$	0.88		$	0.78		$	0.70

See Notes to Consolidated Financial Statements.

80

WESBANCO, INC. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

	For the years ended December 31,
(in thousands)	2014			2013			2012
Net income	$	69,974		$	63,925		$	49,544
Securities available-for-sale:
Net change in unrealized gains (losses) on securities available-for-sale		15,242			(30,288	)		4,833
Related income tax (expense) benefit		(5,604	)		11,186			(1,747	)
Net securities gains reclassified into earnings		(981	)		(89	)		(2,142	)
Related income tax expense		361			33			796
Net effect on other comprehensive income for the period		9,018			(19,158	)		1,740
Securities held-to-maturity:
Amortization of unrealized gain transferred from available-for-sale		(472	)		(1,029	)		(1,534	)
Related income tax expense		173			383			577
Net effect on other comprehensive income for the period		(299	)		(646	)		(957	)
Defined benefit pension plan:
Amortization of net loss and prior service costs		1,516			3,579			2,332
Related income tax benefit		(558	)		(1,368	)		(918	)
Recognition of unrealized (loss) gain		(24,934	)		17,751			(12,143	)
Related income tax benefit (expense)		9,166			(6,527	)		4,483
Net effect on other comprehensive income for the period		(14,810	)		13,435			(6,246	)
Total other comprehensive loss		(6,091	)		(6,369	)		(5,463	)
Comprehensive income	$	63,883		$	57,556		$	44,081

See Notes to Consolidated Financial Statements.

81

WESBANCO, INC. CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY

	For the years ended December 31, 2014, 2013 and 2012
	Common Stock						Capital Surplus			Retained Earnings			Treasury Stock			Accumulated Other Comprehensive Income (Loss)			Deferred Benefits for Directors			Total
(dollars in thousands, except shares and per share amounts)	Shares Outstanding			Amount
January 1, 2012		26,629,360		$	55,487		$	191,679		$	388,818		$	(96	)	$	(902	)	$	(1,196	)	$	633,790
Net income		—			—			—			49,544			—			—			—			49,544
Other comprehensive loss		—			—			—			—			—			(5,463	)		—			(5,463	)
Comprehensive income																							44,081
Common dividends declared ($0.70 per share)		—			—			—			(19,116	)		—			—			—			(19,116	)
Shares issued for acquisition		2,543,132			5,298			48,368			—			—			—			—			53,666
Issuance of warrant		—			—			865			—			—			—			—			865
Stock options exercised		4,125			3			35			—			46			—			—			84
Restricted stock granted		42,809			75			(217	)		—			142			—			—			—
Treasury shares acquired		(4,766	)		—			22			—			(92	)		—			—			(70	)
Stock compensation expense		—			—			884			—			—			—			—			884
Deferred benefits for directors—net		—			—			36			—			—			—			(36	)		—
December 31, 2012		29,214,660		$	60,863		$	241,672		$	419,246		$	—		$	(6,365	)	$	(1,232	)	$	714,184
Net income		—			—			—			63,925			—			—			—			63,925
Other comprehensive loss		—			—			—			—			—			(6,369	)		—			(6,369	)
Comprehensive income																							57,556
Common dividends declared ($0.78 per share)		—			—			—			(22,820	)		—			—			—			(22,820	)
Stock options exercised		121,424			249			2,568			—			52			—			—			2,869
Restricted stock granted		48,750			79			(348	)		—			269			—			—			—
Treasury shares acquired		(204,926	)		—			80			—			(6,290	)		—			—			(6,210	)
Adjustment to shares issued in acquisition		(4,672	)		(9	)		(95	)		—			—			—			—			(104	)
Stock compensation expense		—			—			1,120			—			—			—			—			1,120
Deferred benefits for directors—net		—			—			(23	)		—			—			—			23			—
December 31, 2013		29,175,236		$	61,182		$	244,974		$	460,351		$	(5,969	)	$	(12,734	)	$	(1,209	)	$	746,595
Net income		—			—			—			69,974			—			—			—			69,974
Other comprehensive loss		—			—			—			—			—			(6,091	)		—			(6,091	)
Comprehensive income																							63,883
Common dividends declared ($0.88 per share)		—			—			—			(25,747	)		—			—			—			(25,747	)
Stock options exercised		82,656			—			(399	)		—			2,566			—			—			2,167
Restricted stock granted		42,554			—			(1,321	)		—			1,321			—			—			—
Treasury shares acquired		(2,258	)		—			49			—			(69	)		—			—			(20	)
Stock compensation expense		—			—			1,312			—			—			—			—			1,312
Deferred benefits for directors—net		—			—			46			—			—			—			(46	)		—
December 31, 2014		29,298,188		$	61,182		$	244,661		$	504,578		$	(2,151	)	$	(18,825	)	$	(1,255	)	$	788,190

See Notes to Consolidated Financial Statements.

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WESBANCO, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS

	For the Years Ended December 31,
(in thousands)	2014			2013			2012
OPERATING ACTIVITIES
Net income	$	69,974		$	63,925		$	49,544
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of premises and equipment		7,386			6,978			6,052
Other net amortization		1,742			64			7,609
Provision for credit losses		6,405			9,086			19,874
Net securities gains		(903	)		(684	)		(2,463	)
Net gains on sales of mortgage loans		(1,604	)		(2,614	)		(2,876	)
Decrease (increase) in deferred income tax assets		8,690			6,527			(80	)
Increase in cash surrender value of bank-owned life insurance—net		(4,614	)		(4,664	)		(3,516	)
Contribution to pension plan		(7,500	)		(5,000	)		(5,000	)
Loans originated for sale		(102,321	)		(132,039	)		(134,591	)
Proceeds from the sale of loans originated for sale		103,916			145,474			124,676
Net change in: other assets and accrued interest receivable		10,205			26,371			5,212
Net change in: other liabilities and accrued interest payable		(1,896	)		(4,195	)		9,711
Other—net		5,328			2,251			2,663
Net cash provided by operating activities		94,808			111,480			76,815
INVESTING ACTIVITIES
Net increase in loans		(199,760	)		(220,562	)		(169,215	)
Securities available-for-sale:
Proceeds from sales		16,249			9,265			202,810
Proceeds from maturities, prepayments and calls		214,934			241,023			401,589
Purchases of securities		(201,272	)		(196,514	)		(420,289	)
Securities held-to-maturity:
Proceeds from maturities, prepayments and calls		47,820			86,512			113,284
Purchases of securities		(45,955	)		(85,838	)		(93,051	)
Net cash received from acquisitions		—			—			10,945
Proceeds from bank-owned life insurance		2,352			2,954			—
Purchases of premises and equipment—net		(7,374	)		(8,845	)		(5,970	)
Sale of portfolio loans—net		—			7,506			15,332
Net cash (used in) provided by investing activities		(173,006	)		(164,499	)		55,435
FINANCING ACTIVITIES
(Decrease) increase in deposits		(12,869	)		119,359			95,001
Proceeds from Federal Home Loan Bank borrowings		200,532			—			—
Repayment of Federal Home Loan Bank borrowings		(16,775	)		(70,850	)		(115,611	)
Decrease in other short-term borrowings		(51,021	)		(11,938	)		(108,255	)
(Decrease) increase in federal funds purchased		(20,000	)		20,000			—
Repayment of junior subordinated debt		—			(7,732	)		—
Dividends paid to common shareholders		(25,136	)		(22,243	)		(18,119	)
Issuance of common stock		—			2,539			38
Treasury shares sold (purchased)—net		1,918			(6,170	)		(24	)
Net cash provided by (used in) financing activities		76,649			22,965			(146,970	)
Net decrease in cash and cash equivalents		(1,549	)		(30,054	)		(14,720	)
Cash and cash equivalents at beginning of the year		95,551			125,605			140,325
Cash and cash equivalents at end of the year	$	94,002		$	95,551		$	125,605
SUPPLEMENTAL DISCLOSURES
Interest paid on deposits and other borrowings	$	24,521		$	36,309		$	44,454
Income taxes paid		11,706			18,050			11,920
Transfers of loans to other real estate owned		2,464			2,251			3,735
Transfers of portfolio loans to loans held for sale		—			11,245			22,146
Summary of Business Acquisition
Fair value of tangible assets acquired (including $26.4 million in cash)	$	—		$	—		$	611,400
Fair value of other intangibles acquired		—			—			4,674
Fair value of liabilities assumed		—			—			(584,885	)
Stock issued for the purchase of acquired company’s common stock		—			—			(53,667	)
Warrant issued for the purchase of acquired company’s warrant		—			—			(865	)
Cash paid for the acquisition		—			—			(15,448	)
Goodwill and other intangibles recognized	$	—		$	—		$	(38,791	)

See Notes to Consolidated Financial Statements.

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NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Nature of Operations—WesBanco, Inc. (“WesBanco”) is a bank holding company offering a full range of financial services, including trust and investment services, mortgage banking, insurance and brokerage services. WesBanco’s defined business segments are community banking and trust and investment services. WesBanco’s banking subsidiary, WesBanco Bank, Inc. (“WesBanco Bank” or the “Bank”), headquartered in Wheeling, West Virginia, operates through 120 banking offices, one loan production office and 107 ATM machines in West Virginia, Ohio and western Pennsylvania. In addition, WesBanco operates an insurance brokerage company, WesBanco Insurance Services, Inc., and a full service broker/dealer, WesBanco Securities, Inc.

Use of Estimates—The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Principles of Consolidation—The Consolidated Financial Statements include the accounts of WesBanco and those entities in which WesBanco has a controlling financial interest. All material intercompany balances and transactions have been eliminated in consolidation.

WesBanco determines whether it has a controlling financial interest in an entity by first evaluating whether the entity is a voting interest entity or a variable interest entity. A voting interest entity is an entity in which the total equity investment at risk is sufficient to enable the entity to finance itself independently and provides the equity holders with the obligation to absorb losses, the right to receive residual returns and the right to make financial and operating decisions. WesBanco consolidates voting interest entities in which it owns all, or at least a majority (generally, greater than 50%) of the voting interest.

Variable Interest Entities—Variable interest entities (“VIE”) are entities that in general either do not have equity investors with voting rights or that have equity investors that do not provide sufficient financial resources for the entity to support its activities. WesBanco uses VIEs in various legal forms to conduct normal business activities. WesBanco reviews the structure and activities of VIEs for possible consolidation.

A controlling financial interest in a VIE is present when an enterprise has both the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance and the obligation to absorb losses of the VIE that could potentially be significant to the VIE or the right to receive benefits of the VIE that could potentially be significant to the VIE. A VIE often holds financial assets, including loans or receivables, real estate or other property. The company with a controlling financial interest, known as the primary beneficiary, is required to consolidate the VIE. WesBanco has eight wholly-owned trust subsidiaries (collectively, the “Trusts”), for which it does not absorb a majority of expected losses or receive a majority of the expected residual returns. Accordingly, the Trusts and their net assets are not included in the Consolidated Financial Statements. However, the junior subordinated deferrable interest debentures issued by WesBanco to the Trusts (refer to Note 10, “Junior Subordinated Debt Owed to Unconsolidated Subsidiary Trusts”) and the minority interest in the common stock issued by the Trusts is included in the Consolidated Balance Sheets. WesBanco also owns non-controlling variable interests in certain limited partnerships for which it does not absorb a majority of expected losses or receive a majority of expected residual returns which are not included in the Consolidated Financial Statements. Refer to Note 7, “Investments in Limited Partnerships” for further detail.

Revenue Recognition—Interest and dividend income, loan fees, trust fees, fees and charges on deposit accounts, insurance commissions and other ancillary income related to the Bank’s deposits and lending activities, as well as income at WesBanco’s other subsidiary companies, are accrued as earned.

Cash and Cash Equivalents—Cash and cash equivalents include cash and due from banks, due from banks —interest bearing and federal funds sold. Generally, federal funds are sold for one-day periods.

84

Securities—Available-for-sale securities: Debt securities not classified as trading or held-to-maturity are classified as available-for-sale. These securities may be sold at any time based upon management’s assessment of changes in economic or financial market conditions, interest rate or prepayment risks, liquidity considerations and other factors. These securities are stated at fair value, with the fair value adjustment, net of tax, reported as a separate component of accumulated other comprehensive income.

Held-to-maturity securities: Securities that are purchased with the positive intent and ability to be held until their maturity are stated at cost and adjusted for amortization of premiums and accretion of discounts. Transfers of debt securities into the held-to-maturity category from the available-for-sale category are made at fair value at the date of transfer. The unrealized gain or loss at the date of transfer is retained in other comprehensive income and in the carrying value of the held-to-maturity securities. Such amounts are amortized over the remaining life of the security.

Cost method investments: Securities that do not have readily determinable fair values and for which WesBanco does not exercise significant influence are carried at cost. Cost method investments consist primarily of Federal Home Loan Bank (“FHLB”) stock and are included in other assets in the Consolidated Balance Sheets. Cost method investments are evaluated for impairment whenever events or circumstances suggest that their carrying value may not be recoverable.

Securities acquired in acquisitions are recorded at fair value with the premium or discount derived from the fair market value adjustment recognized into interest income on a level yield basis over the remaining life of the security.

Gains and losses: Net realized gains and losses on sales of securities are included in non-interest income. The cost of securities sold is based on the specific identification method. The gain or loss is determined as of the trade date. Prior unrealized gains and losses are recorded through other comprehensive income and reversed when gains or losses are realized or if an impairment charge is recorded.

Amortization and accretion: Generally, premiums are amortized to call date and discounts are accreted to maturity, on a level yield basis.

Other-than-temporary impairment losses: An investment security is considered impaired if its fair value is less than its cost or amortized cost basis. If WesBanco intends to sell or will be required to sell the investment prior to recovery of cost, the entire impairment will be recognized in the Consolidated Statements of Income. If WesBanco does not intend to sell, nor is it more likely than not that it will be required to sell, impaired securities prior to the recovery of their cost, a review is conducted each quarter to determine if the impairment is other-than-temporary due to credit impairment. In estimating other-than-temporary impairment losses, WesBanco considers the financial condition and near-term prospects of the issuer, evaluating any credit downgrades or other indicators of a potential credit problem, the extent and duration of the decline in fair value, the type of security, either fixed or equity, and the receipt of principal and interest according to the contractual terms. If the impairment is to be considered temporary, the impairment for available-for-sale securities is recognized in other comprehensive income in the Consolidated Balance Sheet. If the impairment is to be considered other-than-temporary based on management’s review of the various factors that indicate credit impairment, the impairment must be separated into credit and non-credit portions. The credit portion is recognized in the Consolidated Statements of Income. For available-for-sale securities, the non-credit portion is calculated as the difference between the present value of the future cash flows and the fair value of the security and is recognized in other comprehensive income.

Loans and Loans Held for Sale—Loans originated by WesBanco are reported at the principal amount outstanding, net of unearned income, credit valuation adjustments, and unamortized deferred loan fee income and loan origination costs. Interest is accrued as earned on loans except where doubt exists as to collectability, in which case accrual of income is discontinued. Loans originated and intended for sale are carried, in aggregate, at the lower of cost or estimated market value. Portfolio loans specifically identified as held for sale are recorded at the contractual sales price or third party valuation less selling costs.

85

Loans acquired in acquisitions are recorded at fair value with no carryover of related allowance for credit losses. The premium or discount derived from the fair market value adjustment is recognized into interest income using a level yield method over the remaining expected life of the loan.

Loan origination fees and direct costs are deferred and accreted or amortized into interest income or expense, as an adjustment to the yield, over the life of the loan using the level yield method. When a loan is paid off, the remaining unaccreted or unamortized net origination fees or costs are immediately recognized into income or expense.

Loans are generally placed on non-accrual when they are 90 days past due unless the loan is well-secured and in the process of collection. Loans may be returned to accrual status when a borrower has resumed paying principal and interest for a sustained period of at least six months and the Bank is reasonably assured of collecting the remaining contractual principal and interest. Loans are returned to accrual status at an amount equal to the principal balance of the loan at the time of non-accrual status less any payments applied to principal during the non-accrual period. Loans are reported as a troubled debt restructuring (“TDR”) when WesBanco for economic or legal reasons related to a borrower’s financial difficulties grants a concession to the borrower that it would not otherwise consider. Refer to the “TDR” policy below for additional detail.

A loan is considered impaired, based on current information and events, if it is probable that WesBanco will be unable to collect the payments of principal and interest when due according to the contractual terms of the loan agreement. Impaired loans include all non-accrual loans and TDRs. WesBanco recognizes interest income on non-accrual loans on the cash basis only if recovery of principal is reasonably assured.

Consumer loans are charged down to the net realizable value at 120 days past due for closed-end loans and 180 days past due for open-end revolving lines of credit. Residential real estate loans are charged down to the net realizable value of the collateral at 180 days past due. Commercial loans are charged down to the net realizable value when it is determined that WesBanco will be unable to collect the principal amount in full. Loans are reclassified to other assets at the net realizable value when foreclosure or repossession of the collateral occurs. Refer to the “Other Real Estate Owned and Repossessed Assets” policy below for additional detail.

Allowance for Credit Losses—The allowance for credit losses represents management’s estimate of probable losses inherent in the loan portfolio and in future advances against loan commitments. Determining the amount of the allowance requires significant judgment about the collectability of loans and the factors that deserve consideration in estimating probable credit losses. The allowance is increased by a provision charged to operating expense and reduced by charge-offs, net of recoveries. Management evaluates the adequacy of the allowance at least quarterly. This evaluation is inherently subjective as it requires material estimates that may be susceptible to significant change from period to period.

The evaluation includes an assessment of quantitative factors such as actual loss experience within each category of loans and testing of certain loans for impairment. The evaluation also considers qualitative factors such as economic trends and conditions, which includes levels of unemployment, real estate values and the impact on specific industries and geographical markets, changes in lending policies and underwriting standards, delinquency and other credit quality trends, concentrations of credit risk, if any, the results of internal loan reviews and examinations by bank regulatory agencies, the volatility of historical loss rates, the velocity of changes in historical loss rates, and regulatory guidance pertaining to the allowance for credit losses. Management relies on observable data from internal and external sources to the extent it is available to evaluate each of these factors and adjusts the actual historical loss rates to reflect the impact these factors may have on probable losses in the portfolio.

Commercial real estate and commercial and industrial loans greater than $1 million that are reported as non-accrual or a TDR are tested individually for impairment. Specific reserves are established when appropriate for such loans based on the present value of expected future cash flows of the loan or the estimated realizable value of the collateral, if any.

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General reserves are established for loans that are not individually tested for impairment based on historical loss rates adjusted for the impact of the qualitative factors discussed above. Historical loss rates for commercial real estate and commercial and industrial loans are determined for each internal risk grade or groups of pass grades using a migration analysis that categorizes each charged-off loan based on its risk grade twelve months prior to the charge-off. Historical loss rates for commercial real estate land and construction, residential real estate, home equity and consumer loans are determined for the total of each category of loans. Historical loss rates for deposit account overdrafts are based on actual losses in relation to average overdrafts for the period.

Management has determined that the greater of the most recent twelve or thirty-six month historical loss rate is generally the most indicative of probable losses in the portfolio because the twelve month loss rate more accurately reflects the adverse impact of current conditions during periods of economic stress while the thirty-six month loss rate more accurately reflects probable losses during normal economic cycles. Historical loss rates for longer periods than thirty-six months may not be as meaningful because of changes in the risk profile and characteristics of the portfolio that can occur over longer periods of time. However, management does evaluate historical loss rates for periods longer than thirty-six months to give adequate consideration to the longer economic cycle and its impact on probable losses in the current period.

Management may also adjust its assumptions to account for differences between estimated and actual incurred losses from period to period. The variability of management’s assumptions could alter the level of the allowance for credit losses and may have a material impact on future results of operations and financial condition. The loss estimation models and methods used to determine the allowance for credit losses is continually refined and enhanced; however there have been no material substantive changes compared to prior periods.

TDRs—A restructuring of a debt constitutes a TDR if the creditor for economic or legal reasons related to the debtor’s financial difficulties grants a concession to the debtor that it would not otherwise consider. The determination of whether a concession has been granted includes an evaluation of the debtor’s ability to access funds at a market rate for debt with similar risk characteristics and among other things, the significance of the modification relative to unpaid principal or collateral value of the debt, and/or the significance of a delay in the timing of payments relative to the frequency of payments, original maturity date, or the expected duration of the loan. The most common concessions granted generally include one or more modifications to the terms of the debt such as a reduction in the interest rate for the remaining life of the debt, an extension of the maturity date at an interest rate lower than the current market rate for new debt with similar risk, or reduction of the unpaid principal or interest. Additionally, all consumer bankruptcies are considered TDR. All TDRs are considered impaired loans.

When determining whether a debtor is experiencing financial difficulties, consideration is given to any known default on any of its debt or whether it is probable that the debtor would be in payment default in the foreseeable future without the modification. Other indicators of financial difficulty include whether the debtor has declared or is in the process of declaring bankruptcy, the debtor’s ability to continue as a going concern, or the debtor’s projected cash flow to service its debt (including principal & interest) in accordance with the contractual terms for the foreseeable future, without a modification. If the payment of principal at original maturity is primarily dependent on the value of collateral, the current value of that collateral is considered in determining whether the principal will be paid.

The restructuring of a loan does not have a material effect on the allowance or provision for credit losses as the internal risk grade of a loan has more influence on the allowance than the classification of a loan as a TDR. The internal risk rating is the primary factor for establishing the allowance for commercial loans, including commercial real estate except for loans that are individually evaluated for impairment, in which case a specific reserve is established pursuant to GAAP. Portfolio segment loss history is the primary factor for establishing the allowance for residential real estate, home equity and consumer loans.

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Non-accrual loans that are restructured remain on non-accrual, but may move to accrual status after they have performed according to the restructured terms for a period of time. TDRs on accrual status generally remain on accrual status as long as they continue to perform in accordance with their modified terms. TDRs may also be placed on non-accrual if they do not perform in accordance with the restructured terms. Loans may be removed from TDR status after they have performed according to the renegotiated terms for a period of time if the interest rate under the modified terms is at or above market, or if the loan returns to its original terms.

Mortgage Servicing Rights—Mortgage servicing rights (“MSRs”) represent the right to service loans for third party investors. MSRs are recognized as a separate asset for the rights to service mortgage loans for others, regardless of how those servicing rights are acquired. MSRs are recognized upon the sale of mortgage loans to a third party investor with the servicing rights retained by WesBanco. Servicing loans for others generally consists of collecting mortgage payments from borrowers, maintaining escrow accounts, remitting payments to third party investors and when necessary, foreclosure processing. Serviced loans are not included in the Consolidated Balance Sheets. Loan servicing income includes servicing fees received from the third party investors and certain charges collected from the borrowers. Originated MSRs are recorded at allocated fair value at the time of the sale of the loans to the third party investor. MSRs are amortized in proportion to and over the estimated period of net servicing income. MSRs are carried at amortized cost, less a valuation allowance for impairment, if any. Impairment exists if the carrying value of MSRs exceeds the estimated fair value of the MSRs.

Premises and Equipment—Premises and equipment are stated at cost less accumulated depreciation and amortization. Depreciation is computed using the straight-line method over the estimated useful lives of the assets. Leasehold improvements are amortized over the shorter of the estimated economic useful lives of the leased assets or the remaining terms of the underlying leases. Useful lives range from three to ten years for furniture and equipment, 15 to 39 years for buildings and building improvements, and 15 years for land improvements. Maintenance and repairs are expensed as incurred while major improvements that extend the useful life of an asset are capitalized and depreciated over the estimated remaining useful life of the asset.

Other Real Estate Owned and Repossessed Assets—Other real estate owned and repossessed assets, which are considered available-for-sale and are reported in other assets, are carried at the lower of cost or their estimated current fair value, less estimated costs to sell. Other real estate owned consists primarily of properties acquired through, or in lieu of, foreclosures. Repossessed collateral primarily consists of automobiles and other types of collateral acquired to satisfy defaulted consumer loans. Subsequent declines in fair value, if any, income and expense associated with the management of the collateral, and gains or losses on the disposition of these assets are recognized in the Consolidated Statements of Income.

Goodwill and Other Intangible Assets—WesBanco accounts for business combinations using the acquisition method of accounting. Accordingly, the identifiable assets acquired, the liabilities assumed, and any non-controlling interest of an acquired business are recorded at their estimated fair values as of the date of acquisition with any excess of the cost of the acquisition over the fair value recorded as goodwill. Other intangible assets represent purchased assets that lack physical substance but can be distinguished from goodwill because of contractual or other legal rights or because the asset is capable of being sold or exchanged either on its own or in combination with a related contract, asset, or liability.

Goodwill is not amortized but is evaluated for impairment annually, or more often if events or circumstances indicate it may be impaired. Finite-lived intangible assets, which consist primarily of core deposit and customer list intangibles (long-term customer-relationship intangible assets) are amortized using straight-line and accelerated methods over their weighted-average estimated useful lives, ranging from ten to sixteen years in total, and are tested for impairment whenever events or circumstances indicate that their carrying amount may not be recoverable.

Goodwill is evaluated for impairment by either assessing qualitative factors to determine whether it is necessary to perform the two-step goodwill impairment test, or WesBanco may elect to perform the two-step

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goodwill impairment test. Under the qualitative assessment, WesBanco assesses qualitative factors to determine whether it is more likely than not that the fair value of its reporting units are less than their carrying amounts, including goodwill. If it is more likely than not, the two-step goodwill impairment test is used to identify potential goodwill impairment and measure the amount of a goodwill impairment loss to be recognized, if any. In the first step, the estimated fair value of each reporting unit is compared to its carrying value, including goodwill. If the estimated fair value of a reporting unit exceeds its carrying amount, the goodwill of that reporting unit is not considered impaired, and no impairment loss is recognized. However, if the carrying amount of the reporting unit exceeds its fair value, step two, which involves comparing the implied fair value of goodwill to its carrying value, is completed and to the extent that the carrying value of goodwill exceeds its implied fair value, an impairment loss is recognized.

Intangible assets with finite useful lives (primarily core deposit and customer list intangibles) are evaluated for impairment whenever events or changes in circumstances indicate that their carrying amount may not be recoverable. An impairment loss is recognized when the carrying amount of an intangible asset with a finite useful life is not recoverable from its undiscounted cash flows and is measured as the difference between the carrying amount and the fair value of the asset. WesBanco does not have any indefinite-lived intangible assets.

Bank-Owned Life Insurance—WesBanco has purchased life insurance policies on certain executive officers and employees. WesBanco receives the cash surrender value of each policy upon its termination or benefits are payable upon the death of the insured. These policies are recorded in the Consolidated Balance Sheets at their net cash surrender value. Changes in net cash surrender value are recognized in non-interest income in the Consolidated Statements of Income.

Interest Rate Lock Commitments—In order to attract potential home borrowers, WesBanco offers interest rate lock commitments (“IRLC”) to such potential borrowers. IRLC are generally for sixty days and guarantee a specified interest rate for a loan if underwriting standards are met, but the commitment does not obligate the potential borrower to close on the loan. Accordingly, some IRLC expire prior to the funding of the related loan. For all IRLC issued in connection with potential loans intended for sale, which consist primarily of originated longer-term fixed rate residential home mortgage loans that qualify for secondary market sale, the Bank enters into one-to-one forward sales contracts on a best efforts basis (if the loan does not close for whatever reason, there is no obligation on WesBanco’s part to sell the loan to the investor). WesBanco enters into such contracts in order to control interest rate risk during the period between the IRLC and loan funding. The IRLC is executed between the mortgagee and WesBanco, and in turn a forward sales contract is executed between WesBanco and an investor. Both the IRLC and the corresponding forward sales contract for each customer are considered a derivative. As such, changes in the fair value of the derivatives during the commitment period are recorded in current earnings and included in other income in the Consolidated Statements of Income. The fair value of IRLC is the gain or loss that would be realized on the underlying loans assuming exercise of the commitments under current market rates versus the rate incorporated in the commitments, taking into consideration fallout. The fair value of forward sales contracts is based on quoted market prices. Since loans typically close before receipt of funding from an investor, they are accounted for at the lower of cost or market as “Loans Held for Sale” in the Consolidated Balance Sheets.

Income Taxes—The provision for income taxes included in the Consolidated Statements of Income includes both federal and state income taxes and is based on income in the financial statements, rather than amounts reported on WesBanco’s income tax returns. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. A test of the anticipated realizeability of deferred tax assets is performed at least annually.

Fair Value—The Accounting Standards Codification defines fair value as an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. Fair value measurements are not adjusted for transaction costs. The Codification also

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establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurement) and the lowest priority to unobservable inputs (Level 3 measurement). The three levels of the fair value hierarchy are described below:

Level 1—Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;

Level 2—Quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, or model-based valuation techniques where all significant assumptions are observable, either directly or indirectly, in the market;

Level 3—Valuation is generated from model-based techniques where all significant assumptions are not observable, either directly or indirectly, in the market. These unobservable assumptions reflect our own estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques may include use of discounted cash flow models and similar techniques.

A financial instrument’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement.

Earnings Per Common Share—Basic earnings per common share (“EPS”) are calculated by dividing net income available to common shareholders, by the weighted-average number of shares of common stock outstanding during the period. For diluted EPS, the weighted-average number of shares for the period is increased by the number of shares which would be issued assuming the exercise of in-the-money common stock options and any outstanding warrants. Restricted stock shares are recorded as issued and outstanding upon their grant, rather than upon vesting, and therefore are included in the weighted-average shares outstanding due to voting rights granted at the time restricted stock is granted.

Trust Assets—Assets held by the Bank in fiduciary or agency capacities for its customers are not included as assets in the Consolidated Balance Sheets. Certain money market trust assets are held on deposit at the Bank and are accounted for as such.

Stock-Based Compensation—Stock-based compensation awards granted, comprised of stock options and restricted stock, are valued at fair value and compensation cost is recognized on a straight-line basis, net of estimated forfeitures, over the requisite service period of each award. For service-based awards with graded vesting schedules, compensation expense is divided equally among the vesting periods with each separately vested portion of the award recognized in compensation expense on a straight-line basis over the requisite service period.

Defined Benefit Pension Plan—WesBanco recognizes in the statement of financial position an asset for the plan’s overfunded status or a liability for the plan’s underfunded status. WesBanco recognizes fluctuations in the funded status in the year in which the changes occur through other comprehensive income. Plan assets are determined based on fair value generally representing observable market prices. The projected benefit obligation is determined based on the present value of projected benefit distributions at an assumed discount rate. The discount rate utilized is based on a fitted yield curve approach whereby the yield curve compares the expected stream of future benefit payments for the plan to high quality corporate bonds available in the marketplace to determine an equivalent discount rate. Periodic pension expense includes service costs, interest costs based on an assumed discount rate, an expected return on plan assets based on an actuarially-derived market-related value, an assumed rate of annual compensation increase, and amortization or accretion of actuarial gains and losses as well as other actuarial assumptions. The plan has been closed to new entrants since August, 2007.

Recent Accounting Pronouncements—In November 2014, the Financial Accounting Standards Board (the “FASB”) issued an Accounting Standards Update (“ASU”) (ASU 2014-17) related to pushdown accounting. The amendments in this Update provide an acquired entity with an option to apply pushdown accounting in its

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separate financial statements upon occurrence of an event in which an acquirer obtains control of the acquired entity. An acquired entity may elect the option to apply pushdown accounting in the reporting period in which the change-in-control event occurs. An acquired entity should determine whether to elect to apply pushdown accounting for each individual change-in-control event in which an acquirer obtains control of the acquired entity. If pushdown accounting is not applied in the reporting period in which the change-in-control event occurs, an acquired entity will have the option to elect to apply pushdown accounting in a subsequent reporting period to the acquired entity’s most recent change-in-control event. An election to apply pushdown accounting in a reporting period after the reporting period in which the change-in-control event occurred should be considered a change in accounting principle in accordance with Topic 250, Accounting Changes and Error Corrections. If pushdown accounting is applied to an individual change-in-control event, that election is irrevocable. If an acquired entity elects the option to apply pushdown accounting in its separate financial statements, it should disclose information in the current reporting period that enables users of financial statements to evaluate the effect of pushdown accounting. The pronouncement is effective on November 18, 2014, after this date, an acquired entity can make an election to apply the guidance to future change-in-control events or to its most recent change-in-control event. However, if the financial statements for the period in which the most recent change-in-control event occurred already have been issued or made available to be issued, the application of this guidance would be a change in accounting principle. WesBanco will make an election to apply push down accounting guidance to future change-in-control events either in the reporting period in with they occur or in subsequent periods. The adoption of this pronouncement did not impact WesBanco’s Consolidated Financial Statements.

In August 2014, the FASB issued an accounting pronouncement (ASU 2014-14) related to the classification of certain government-guaranteed mortgage loans upon foreclosure. The amendments in this update require that a mortgage loan be derecognized and that a separate other receivable be recognized upon foreclosure if the following conditions are met: (1) The loan has a government guarantee that is not separable from the loan before foreclosure, (2) at the time of foreclosure, the creditor has the intent to convey the real estate property to the guarantor and make a claim on the guarantee, and the creditor has the ability to recover under that claim, (3) at the time of foreclosure, any amount of the claim that is determined on the basis of the fair value of the real estate is fixed. Upon foreclosure, the separate other receivable should be measured based upon the amount of the loan balance (principal and interest) expected to be recovered from the guarantor. The pronouncement is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2014 and may be adopted under either a modified retrospective transition method or a prospective transition method. However, the same method of transition as elected under ASU 2014-04 must be applied. Early adoption is permitted. The adoption of this pronouncement is not expected to have a material impact on WesBanco’s Consolidated Financial Statements.

In June 2014, the FASB issued an accounting pronouncement (ASU 2014-11) related to repurchase-to-maturity transactions, repurchase financing and disclosures. The pronouncement changes the accounting for repurchase-to-maturity transactions and linked repurchase financings to secured borrowing accounting, which is consistent with the accounting for other repurchase agreements. The pronouncement also requires two new disclosures. The first disclosure requires an entity to disclose information on transfers accounted for as sales in transactions that are economically similar to repurchase agreements. The second disclosure provides increased transparency about the types of collateral pledged in repurchase agreements and similar transactions accounted for as secured borrowings. The pronouncement is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. Early adoption is not permitted. The adoption of this pronouncement is not expected to have a material impact on WesBanco’s Consolidated Financial Statements.

In May 2014, the FASB issued an accounting pronouncement (ASU 2014-09) related to the recognition of revenue from contracts with customers. The new revenue pronouncement creates a single source of revenue guidance for all companies in all industries and is more principles-based than current revenue guidance. The pronouncement provides a five-step model for a company to recognize revenue when it transfers control of goods or services to customers at an amount that reflects the consideration to which it expects to be entitled in exchange for those goods or services. The five steps are (1) identify the contract with the customer, (2) identify the separate

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performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the separate performance obligations and (5) recognize revenue when each performance obligation is satisfied. The pronouncement is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2016 using either a full retrospective approach for all periods presented in the period of adoption or a modified retrospective approach. Early adoption is not permitted. WesBanco is currently evaluating the impact of the adoption of this pronouncement on its Consolidated Financial Statements.

In January 2014, the FASB issued an accounting pronouncement (ASU 2014-04) related to in-substance repossessions and foreclosures. The pronouncement clarifies when an in-substance repossession or foreclosure occurs. A creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additionally, the amendments require interim and annual disclosure of both (1) the amount of foreclosed residential real estate property held by the creditor and (2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction. The pronouncement is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2014 and may be adopted under either a modified retrospective transition method or a prospective transition method. Early adoption is permitted. The adoption of this pronouncement did not have a material impact on WesBanco’s Consolidated Financial Statements.

In January 2014, the FASB issued an accounting pronouncement (ASU 2014-01) which applies to all reporting entities that invest in qualified affordable housing projects through limited liability entities. The pronouncement permits reporting entities to make an accounting policy election to account for these investments using the proportional amortization method if certain conditions exist. The pronouncement also requires disclosure that enables users of its financial statements to understand the nature of these investments. Under the proportional amortization method, an entity amortizes the initial cost of the investment in proportion to the tax credits and other tax benefits received and recognizes the net investment performance in the income statement as a component of income tax expense (benefit). The pronouncement should be applied retrospectively for all periods presented, effective for annual periods and interim reporting periods within those annual periods, beginning after December 15, 2014. Early adoption is permitted. The adoption of this pronouncement is not expected to have a material impact on WesBanco’s Consolidated Financial Statements.

NOTE 2. EARNINGS PER COMMON SHARE

Earnings per common share are calculated as follows:

	For the years ended December 31,
(in thousands, except shares and per share amounts)	2014		2013		2012
Numerator for both basic and diluted earnings per common share:
Net income	$	69,974	$	63,925	$	49,544
Denominator:
Total average basic common shares outstanding		29,249,499		29,270,922		26,867,227
Effect of dilutive stock options and warrant		84,377		73,761		21,620
Total diluted average common shares outstanding		29,333,876		29,344,683		26,888,847
Earnings per common share—basic	$	2.39	$	2.18	$	1.84
Earnings per common share—diluted	$	2.39	$	2.18	$	1.84

Stock options representing shares of 0, 42,701 and 159,569 were not included in the computation of diluted earnings per share for the years ended December 31, 2014, 2013 and 2012, respectively, because to do so would have been anti-dilutive.

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On February 10, 2015, WesBanco issued approximately 9.2 million shares to complete its acquisition of ESB Financial Corporation (“ESB”). For additional information relating to the acquisition, refer to Note 23, “Subsequent Events.”

NOTE 3. SECURITIES

The following table shows the amortized cost and fair values of available-for-sale and held-to-maturity securities:

	December 31, 2014									December 31, 2013
(in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
Available-for-sale
Obligations of government agencies	$	86,964	$	1,087	$	(315	)	$	87,736	$	75,164	$	6	$	(1,938	)	$	73,232
Residential mortgage-backed securities and collateralized mortgage obligations of government agencies		703,535		4,336		(6,758	)		701,113		707,000		3,191		(15,924	)		694,267
Obligations of states and political subdivisions		86,073		5,365		(5	)		91,433		112,536		4,165		(355	)		116,346
Corporate debt securities		25,974		141		(119	)		25,996		38,777		174		(470	)		38,481
Total debt securities	$	902,546	$	10,929	$	(7,197	)	$	906,278	$	933,477	$	7,536	$	(18,687	)	$	922,326
Equity securities		10,304		842		—			11,146		10,597		1,463		—			12,060
Total available-for-sale securities	$	912,850	$	11,771	$	(7,197	)	$	917,424	$	944,074	$	8,999	$	(18,687	)	$	934,386
Held-to-maturity
Residential mortgage-backed securities and collateralized mortgage obligations of government agencies	$	79,004	$	3,262	$	(246	)	$	82,020	$	99,409	$	2,804	$	(1,023	)	$	101,190
Obligations of states and political subdivisions		507,927		23,917		(1,043	)		530,801		496,396		10,158		(13,906	)		492,648
Corporate debt securities		6,739		106		(49	)		6,796		2,715		—		(245	)		2,470
Total held-to-maturity securities	$	593,670	$	27,285	$	(1,338	)	$	619,617	$	598,520	$	12,962	$	(15,174	)	$	596,308
Total securities	$	1,506,520	$	39,056	$	(8,535	)	$	1,537,041	$	1,542,594	$	21,961	$	(33,861	)	$	1,530,694

At December 31, 2014 and 2013, there were no holdings of any one issuer, other than the U.S. government and its agencies, in an amount greater than 10% of WesBanco’s shareholders’ equity.

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The following table presents the fair value of available-for-sale and held-to-maturity securities by contractual maturity at December 31, 2014. In many instances, the issuers may have the right to call or prepay obligations without penalty prior to the contractual maturity date.

	December 31, 2014
(in thousands)	One Year or less		One to Five Years		Five to Ten Years		After Ten Years		Mortgage-backed and Equity		Total
Available-for-sale
Obligations of government agencies	$	—	$	25,645	$	44,952	$	17,139	$	—	$	87,736
Residential mortgage-backed securities and collateralized mortgage obligations of government agencies (1)		—		—		—		—		701,113		701,113
Obligations of states and political subdivisions		6,312		33,242		19,089		32,790		—		91,433
Corporate debt securities		10,034		2,080		9,015		4,867		—		25,996
Equity securities (2)		—		—		—		—		11,146		11,146
Total available-for-sale securities	$	16,346	$	60,967	$	73,056	$	54,796	$	712,259	$	917,424
Held-to-maturity (3)
Residential mortgage-backed securities and collateralized mortgage obligations of government agencies (1)	$	—	$	—	$	—	$	—	$	82,020	$	82,020
Obligations of states and political subdivisions		3,377		13,876		216,427		297,121		—		530,801
Corporate debt securities		—		—		6,796		—		—		6,796
Total held-to-maturity securities	$	3,377	$	13,876	$	223,223	$	297,121	$	82,020	$	619,617
Total securities	$	19,723	$	74,843	$	296,279	$	351,917	$	794,279	$	1,537,041

(1) Mortgage-backed and collateralized mortgage securities, which have prepayment provisions, are not assigned to maturity categories due to fluctuations in their prepayment speeds.

(2) Equity securities, which have no stated maturity, are not assigned a maturity category.

(3) The held-to-maturity portfolio is carried at an amortized cost of $593.7 million.

Securities with aggregate fair values of $706.5 million and $701.7 million at December 31, 2014 and 2013, 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 $16.2 million, $9.3 million and $202.8 million for the years ended December 31, 2014, 2013 and 2012, respectively. Net unrealized gains (losses) on available-for-sale securities included in accumulated other comprehensive income net of tax, as of December 31, 2014, 2013 and 2012 were $2.9 million, ($6.1) million and $13.0 million, respectively.

The following table presents the gross realized gains and losses on sales and calls of securities for the years ended December 31, 2014, 2013 and 2012, respectively.

	For the Years Ended December 31,
(in thousands)	2014			2013			2012
Gross realized gains	$	1,131		$	922		$	2,680
Gross realized losses		(228	)		(238	)		(217	)
Net realized gains (losses)	$	903		$	684		$	2,463

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The following tables provide information on unrealized losses on investment securities that have been in an unrealized loss position for less than twelve months and twelve months or more as of December 31, 2014 and 2013:

	December 31, 2014
	Less than 12 months							12 months or more							Total
(dollars in thousands)	Fair Value		Unrealized Losses			# of Securities		Fair Value		Unrealized Losses			# of Securities		Fair Value		Unrealized Losses			# of Securities
Obligations of government agencies	$	19,362	$	(77	)		5	$	19,757	$	(238	)		4	$	39,119	$	(315	)		9
Residential mortgage-backed securities and collateralized mortgage obligations of government agencies		78,786		(386	)		19		240,055		(6,618	)		43		318,841		(7,004	)		62
Obligations of states and political subdivisions		12,615		(96	)		15		61,548		(952	)		93		74,163		(1,048	)		108
Corporate debt securities		2,969		(31	)		1		4,573		(137	)		2		7,542		(168	)		3
Total temporarily impaired securities	$	113,732	$	(590	)		40	$	325,933	$	(7,945	)		142	$	439,665	$	(8,535	)		182
	December 31, 2013
	Less than 12 months							12 months or more							Total
(dollars in thousands)	Fair Value		Unrealized Losses			# of Securities		Fair Value		Unrealized Losses			# of Securities		Fair Value		Unrealized Losses			# of Securities
Obligations of government agencies	$	54,356	$	(1,911)			15	$	5,083	$	(27	)		2	$	59,439	$	(1,938)			17
Residential mortgage-backed securities and collateralized mortgage obligations of government agencies		513,495		(14,639	)		89		37,002		(2,308	)		11		550,497		(16,947	)		100
Obligations of states and political subdivisions		181,667		(10,830	)		277		47,793		(3,431	)		76		229,460		(14,261	)		353
Corporate debt securities		19,837		(560	)		7		2,845		(155	)		1		22,682		(715	)		8
Total temporarily impaired securities	$	769,355	$	(27,940	)		388	$	92,723	$	(5,921	)		90	$	862,078	$	(33,861	)		478

Unrealized losses on debt securities in the tables represent temporary fluctuations resulting from changes in market rates in relation to fixed yields. Unrealized losses in the available-for-sale portfolio are accounted for as an adjustment, net of taxes, to other comprehensive income in shareholders’ equity.

WesBanco does not believe the securities presented above are impaired due to reasons of credit quality, as there are no debt securities rated below investment grade and all are paying principal and interest according to their contractual terms. WesBanco does not intend to sell, nor is it more likely than not that it will be required to sell, loss position securities prior to recovery of their cost, and therefore, management believes the unrealized losses detailed above are temporary and no impairment loss relating to these securities has been recognized.

Securities that do not have readily determinable fair values and for which WesBanco does not exercise significant influence are carried at cost. Cost method investments consist primarily of FHLB of Pittsburgh and FHLB of Cincinnati stock totaling $11.6 million at December 31, 2014 and 2013, respectively, and are included in other assets in the Consolidated Balance Sheets. Cost method investments are evaluated for impairment whenever events or circumstances suggest that their carrying value may not be recoverable.

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NOTE 4. LOANS AND THE ALLOWANCE FOR CREDIT LOSSES

The recorded investment in loans is presented in the Consolidated Balance Sheets net of deferred loan fees and costs of $2.4 million and $2.7 million at December 31, 2014 and 2013, respectively.

	December 31,		December 31,
(in thousands)	2014		2013
Commercial real estate:
Land and construction	$	262,643	$	263,117
Improved property		1,682,817		1,649,802
Total commercial real estate		1,945,460		1,912,919
Commercial and industrial		638,410		556,249
Residential real estate		928,770		890,804
Home equity		330,031		284,687
Consumer		244,095		250,258
Total portfolio loans		4,086,766		3,894,917
Loans held for sale		5,865		5,855
Total loans	$	4,092,631	$	3,900,772

The following tables summarize changes in the allowance for credit losses applicable to each category of the loan portfolio:

	For the Year Ended December 31,
	2014
(in thousands)	Commercial Real Estate- Land and Construction			Commercial Real Estate- Improved Property			Commercial & Industrial			Residential Real Estate			Home Equity			Consumer			Deposit Overdraft			Total
Balance at beginning of year:
Allowance for loan losses	$	6,056		$	18,157		$	9,925		$	5,673		$	2,017		$	5,020		$	520		$	47,368
Allowance for loan commitments		301			62			130			5			85			19			—			602
Total beginning allowance for credit losses		6,357			18,219			10,055			5,678			2,102			5,039			520			47,970
Provision for credit losses:
Provision for loan losses		(402	)		1,239			1,429			1,692			849			1,144			601			6,552
Provision for loan commitments		(107	)		(52	)		(18	)		4			5			21			—			(147	)
Total provision for credit losses		(509	)		1,187			1,411			1,696			854			1,165			601			6,405
Charge-offs		—			(2,426	)		(3,485	)		(2,437	)		(652	)		(3,120	)		(779	)		(12,899	)
Recoveries		—			603			1,194			454			115			1,034			233			3,633
Net charge-offs		—			(1,823	)		(2,291	)		(1,983	)		(537	)		(2,086	)		(546	)		(9,266	)
Balance at end of period:
Allowance for loan losses		5,654			17,573			9,063			5,382			2,329			4,078			575			44,654
Allowance for loan commitments		194			10			112			9			90			40			—			455
Total ending allowance for credit losses	$	5,848		$	17,583		$	9,175		$	5,391		$	2,419		$	4,118		$	575		$	45,109

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	For the Year Ended December 31,
	2013
(in thousands)	Commercial Real Estate- Land and Construction			Commercial Real Estate- Improved Property			Commercial & Industrial			Residential Real Estate			Home Equity			Consumer			Deposit Overdraft			Total
Balance at beginning of year:
Allowance for loan losses	$	3,741		$	23,614		$	9,326		$	7,182		$	2,458		$	5,557		$	821		$	52,699
Allowance for loan commitments		27			25			215			6			49			19			—			341
Total beginning allowance for credit losses		3,768			23,639			9,541			7,188			2,507			5,576			821			53,040
Provision for credit losses:
Provision for loan losses		2,726			843			1,633			1,169			(8	)		2,138			324			8,825
Provision for loan commitments		274			37			(85	)		(1	)		36			—			—			261
Total provision for credit losses		3,000			880			1,548			1,168			28			2,138			324			9,086
Charge-offs		(536	)		(6,915	)		(1,505	)		(3,079	)		(549	)		(3,819	)		(880	)		(17,283	)
Recoveries		125			615			471			401			116			1,144			255			3,127
Net charge-offs		(411	)		(6,300	)		(1,034	)		(2,678	)		(433	)		(2,675	)		(625	)		(14,156	)
Balance at end of period:
Allowance for loan losses		6,056			18,157			9,925			5,673			2,017			5,020			520			47,368
Allowance for loan commitments		301			62			130			5			85			19			—			602
Total ending allowance for credit losses	$	6,357		$	18,219		$	10,055		$	5,678		$	2,102		$	5,039		$	520		$	47,970

	For the Year Ended December 31,
	2012
(in thousands)	Commercial Real Estate- Land and Construction			Commercial Real Estate- Improved Property			Commercial & Industrial			Residential Real Estate			Home Equity			Consumer			Deposit Overdraft			Total
Balance at beginning of year:
Allowance for loan losses	$	4,842		$	24,748		$	11,414		$	5,638		$	1,962		$	5,410		$	796		$	54,810
Allowance for loan commitments		74			21			323			4			33			13			—			468
Total beginning allowance for credit losses		4,916			24,769			11,737			5,642			1,995			5,423			796			55,278
Provision for credit losses:
Provision for loan losses		2,171			5,452			2,147			5,039			1,610			2,963			619			20,001
Provision for loan commitments		(47	)		4			(108	)		2			16			6			—			(127	)
Total provision for credit losses		2,124			5,456			2,039			5,041			1,626			2,969			619			19,874
Charge-offs		(3,879	)		(7,693	)		(4,625	)		(3,902	)		(1,144	)		(3,851	)		(871	)		(25,965	)
Recoveries		607			1,107			390			407			30			1,035			277			3,853
Net charge-offs		(3,272	)		(6,586	)		(4,235	)		(3,495	)		(1,114	)		(2,816	)		(594	)		(22,112	)
Balance at end of period:
Allowance for loan losses		3,741			23,614			9,326			7,182			2,458			5,557			821			52,699
Allowance for loan commitments		27			25			215			6			49			19			—			341
Total ending allowance for credit losses	$	3,768		$	23,639		$	9,541		$	7,188		$	2,507		$	5,576		$	821		$	53,040

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The following tables present the allowance for credit losses and recorded investments in loans by category:

	Allowance for Credit Losses and Recorded Investment in Loans
	Commercial		Commercial
	Real Estate-		Real Estate-		Commercial		Residential
	Land and		Improved		and		Real		Home				Over-
(in thousands)	Construction		Property		Industrial		Estate		Equity		Consumer		draft		Total
December 31, 2014
Allowance for credit losses:
Allowance for loans individually evaluated for impairment	$	—	$	2,765	$	1,033	$	—	$	—	$	—	$	—	$	3,798
Allowance for loans collectively evaluated for impairment		5,654		14,808		8,030		5,382		2,329		4,078		575		40,856
Allowance for loan commitments		194		10		112		9		90		40		—		455
Total allowance for credit losses	$	5,848	$	17,583	$	9,175	$	5,391	$	2,419	$	4,118	$	575	$	45,109
Portfolio loans:
Individually evaluated for impairment (1)	$	—	$	11,469	$	2,844	$	—	$	—	$	—	$	—	$	14,313
Collectively evaluated for impairment		262,643		1,671,348		635,566		928,770		330,031		244,095		—		4,072,453
Total portfolio loans	$	262,643	$	1,682,817	$	638,410	$	928,770	$	330,031	$	244,095	$	—	$	4,086,766
December 31, 2013
Allowance for credit losses:
Allowance for loans individually evaluated for impairment	$	—	$	51	$	681	$	—	$	—	$	—	$	—	$	732
Allowance for loans collectively evaluated for impairment		6,056		18,106		9,244		5,673		2,017		5,020		520		46,636
Allowance for loan commitments		301		62		130		5		85		19		—		602
Total allowance for credit losses	$	6,357	$	18,219	$	10,055	$	5,678	$	2,102	$	5,039	$	520	$	47,970
Portfolio loans:
Individually evaluated for impairment (1)	$	—	$	4,321	$	1,754	$	—	$	—	$	—	$	—	$	6,075
Collectively evaluated for impairment		263,117		1,645,481		554,495		890,804		284,687		250,258		—		3,888,842
Total portfolio loans	$	263,117	$	1,649,802	$	556,249	$	890,804	$	284,687	$	250,258	$	—	$	3,894,917

(1) Commercial loans greater than $1 million that are reported as non-accrual or as a TDR are individually evaluated for impairment.

WesBanco maintains an internal loan grading system to reflect the credit quality of commercial loans. Commercial loan risk grades are determined based on an evaluation of the relevant characteristics of each loan, assigned at the inception of each loan and adjusted thereafter at any time to reflect changes in the risk profile throughout the life of each loan. The primary factors used to determine the risk grade are the reliability and sustainability of the primary source of repayment and overall financial strength of the borrower. This includes an analysis of cash flow available to repay debt, profitability, liquidity, leverage, and overall financial trends. Other factors include management, industry or property type risks, an assessment of secondary sources of repayment such as collateral or guarantees, other terms and conditions of the loan that may increase or reduce its risk, and economic conditions and other external factors that may influence repayment capacity and financial condition.

Commercial real estate—land and construction consists of loans to finance investments in vacant land, land development, construction of residential housing, and construction of commercial buildings. Commercial real estate—improved property consists of loans for the purchase or refinance of all types of improved owner-occupied and investment properties. Factors that are considered in assigning the risk grade vary depending on the type of property financed. The risk grade assigned to construction and development loans is based on the overall viability of the project, the experience and financial capacity of the developer or builder to successfully complete the project, project specific and market absorption rates and comparable property values, and the amount of pre-sales for residential housing construction or pre-leases for commercial investment property. The risk grade assigned to commercial investment property loans is based primarily on the adequacy of net rental income generated by the property to service the debt, the type, quality, industry and mix of tenants, and the terms of leases, but also considers

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the overall financial capacity of the investors and their experience in owning and managing investment property. The risk grade assigned to owner-occupied commercial real estate and commercial and industrial loans is based primarily on historical and projected earnings, the adequacy of operating cash flow to service all of the business’ debt, and the capital resources, liquidity and leverage of the business, but also considers the industry in which the business operates, the business’ specific competitive advantages or disadvantages, the quality and experience of management, and external influences on the business such as economic conditions. Other factors that are considered for commercial and industrial loans include the type, quality and marketability of non-real estate collateral and whether the structure of the loan increases or reduces its risk. The type, age, condition, location and any environmental risks associated with a property are also considered for all types of commercial real estate. The overall financial condition and repayment capacity of any guarantors is also evaluated to determine the extent to which they mitigate other risks of the loan. The following descriptions of risk grades apply to commercial real estate and commercial and industrial loans:

Pass loans are those that exhibit a history of positive financial results that are at least comparable to the average for their industry or type of real estate. The primary source of repayment is acceptable and these loans are expected to perform satisfactorily during most economic cycles. Pass loans typically have no significant external factors that are expected to adversely affect these borrowers more than others in the same industry or property type. Any minor unfavorable characteristics of these loans are outweighed or mitigated by other positive factors including but not limited to adequate secondary or tertiary sources of repayment.

Criticized or compromised loans are currently protected but have weaknesses, which, if not corrected, may inadequately protect WesBanco Bank, Inc. (the “Bank”) at some future date. These loans represent an unwarranted credit risk and would generally not be extended in the normal course of lending. Specific issues which may warrant this grade include declining financial results, increased reliance on secondary sources of repayment or guarantor support and adverse external influences that may negatively impact the business or property.

Substandard and doubtful loans are equivalent to the classifications used by banking regulators. Substandard loans are inadequately protected by the current repayment capacity and equity of the borrower or collateral pledged, if any. Substandard loans have one or more well-defined weaknesses that jeopardize their repayment or collection in full. These loans may or may not be reported as non-accrual. Doubtful loans have all the weaknesses inherent to a substandard loan with the added characteristic that full repayment is highly questionable or improbable on the basis of currently existing facts, conditions and collateral values. However, recognition of loss may be deferred if there are reasonably specific pending factors that will reduce the risk if they occur.

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The following tables summarize commercial loans by their assigned risk grade:

	Commercial Loans by Internally Assigned Risk Grade
(in thousands)	Commercial Real Estate- Land and Construction		Commercial Real Estate- Improved Property		Commercial & Industrial		Total Commercial Loans
As of December 31, 2014
Pass	$	257,218	$	1,627,771	$	617,742	$	2,502,731
Criticized—compromised		3,645		17,873		12,770		34,288
Classified—substandard		1,780		37,173		7,898		46,851
Classified—doubtful		—		—		—		—
Total	$	262,643	$	1,682,817	$	638,410	$	2,583,870
As of December 31, 2013
Pass	$	253,231	$	1,548,780	$	531,573	$	2,333,584
Criticized—compromised		6,498		57,983		10,768		75,249
Classified—substandard		3,388		43,039		13,908		60,335
Classified—doubtful		—		—		—		—
Total	$	263,117	$	1,649,802	$	556,249	$	2,469,168

Residential real estate, home equity and consumer loans are not assigned internal risk grades other than as required by regulatory guidelines that are based primarily on the age of past due loans. WesBanco primarily evaluates the credit quality of residential real estate, home equity and consumer loans based on repayment performance and historical loss rates. The aggregate amount of residential real estate, home equity and consumer loans classified as substandard in accordance with regulatory guidelines were $15.2 million at December 31, 2014 and $14.4 million at December 31, 2013, of which $2.2 and $2.0 million were accruing, for each period, respectively. The aggregate amount of residential real estate, home equity and consumer loans classified as substandard are not included in the tables above.

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The following tables summarize the age analysis of all categories of loans.

	Age Analysis of Loans
(in thousands)	Current		30-59 Days Past Due		60-89 Days Past Due		90 Days or More Past Due		Total Past Due		Total Loans		90 Days or More Past Due and Accruing (1)
As of December 31, 2014
Commercial real estate:
Land and construction	$	261,356	$	20	$	—	$	1,267	$	1,287	$	262,643	$	71
Improved property		1,665,363		961		4,772		11,721		17,454		1,682,817		—
Total commercial real estate		1,926,719		981		4,772		12,988		18,741		1,945,460		71
Commercial and industrial		634,482		1,834		240		1,854		3,928		638,410		22
Residential real estate		915,968		1,237		3,384		8,181		12,802		928,770		1,306
Home equity		325,291		1,877		895		1,968		4,740		330,031		570
Consumer		240,365		2,571		685		474		3,730		244,095		319
Total portfolio loans		4,042,825		8,500		9,976		25,465		43,941		4,086,766		2,288
Loans held for sale		5,865		—		—		—		—		5,865		—
Total loans	$	4,048,690	$	8,500	$	9,976	$	25,465	$	43,941	$	4,092,631	$	2,288
Impaired loans included above are as follows:
Non-accrual loans	$	7,562	$	2,884	$	5,552	$	22,820	$	31,256	$	38,818
TDRs accruing interest (1)		11,016		151		542		357		1,050		12,066
Total impaired	$	18,578	$	3,035	$	6,094	$	23,177	$	32,306	$	50,884
As of December 31, 2013
Commercial real estate:
Land and construction	$	261,165	$	2	$	—	$	1,950	$	1,952	$	263,117	$	248
Improved property		1,632,973		2,482		2,346		12,001		16,829		1,649,802		318
Total commercial real estate		1,894,138		2,484		2,346		13,951		18,781		1,912,919		566
Commercial and industrial		552,414		1,112		977		1,746		3,835		556,249		—
Residential real estate		875,192		1,641		4,710		9,261		15,612		890,804		1,289
Home equity		281,004		1,581		470		1,632		3,683		284,687		411
Consumer		245,876		3,223		649		510		4,382		250,258		325
Total portfolio loans		3,848,624		10,041		9,152		27,100		46,293		3,894,917		2,591
Loans held for sale		5,855		—		—		—		—		5,855		—
Total loans	$	3,854,479	$	10,041	$	9,152	$	27,100	$	46,293	$	3,900,772	$	2,591
Impaired loans included above are as follows:
Non-accrual loans	$	9,028	$	588	$	2,722	$	24,295	$	27,605	$	36,633
TDRs accruing interest (1)		13,595		171		881		214		1,266		14,861
Total impaired	$	22,623	$	759	$	3,603	$	24,509	$	28,871	$	51,494

(1) Loans 90 days or more past due and accruing interest exclude TDRs 90 days or more past due and accruing interest.

Impaired Loans—A loan is considered impaired, based on current information and events, if it is probable that WesBanco will be unable to collect the payments of principal and interest when due according to the contractual terms of the loan agreement. Impaired loans generally included all non-accrual loans and TDRs.

Loans are generally placed on non-accrual when they are 90 days past due unless the loan is well-secured and in the process of collection. Loans may also be placed on non-accrual when full collection of principal is in doubt even if payments on such loans remain current, or may remain on non-accrual if they were past due but subsequently brought current.

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Loans are categorized as TDRs when the Bank, for economic or legal reasons related to a borrower’s financial difficulties, grants a concession to the borrower that it would not otherwise consider.

The following tables summarize impaired loans:

	Impaired Loans
	December 31, 2014						December 31, 2013
(in thousands)	Unpaid Principal Balance (1)		Recorded Investment		Related Allowance		Unpaid Principal Balance (1)		Recorded Investment		Related Allowance
With no related specific allowance recorded:
Commercial real estate:
Land and construction	$	1,588	$	1,488	$	—	$	2,663	$	2,564	$	—
Improved property		16,480		14,684		—		21,421		19,628		—
Commercial and industrial		3,152		2,597		—		3,773		3,249		—
Residential real estate		20,077		18,544		—		22,006		20,090		—
Home equity		2,890		2,663		—		2,675		2,506		—
Consumer		1,287		1,086		—		1,402		1,182		—
Total impaired loans without a specific allowance		45,474		41,062		—		53,940		49,219		—
With a specific allowance recorded:
Commercial real estate:
Land and construction		—		—		—		—		—		—
Improved property		7,980		7,980		2,765		729		729		51
Commercial and industrial		1,842		1,842		1,033		1,546		1,546		681
Total impaired loans with a specific allowance		9,822		9,822		3,798		2,275		2,275		732
Total impaired loans	$	55,296	$	50,884	$	3,798	$	56,215	$	51,494	$	732

(1) The difference between the unpaid principal balance and the recorded investment generally reflects amounts that have been previously charged-off.

	Impaired Loans
	For the Year Ended December 31, 2014				For the Year Ended December 31, 2013				For the Year Ended December 31, 2012
(in thousands)	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
With no related specific allowance recorded:
Commercial real estate:
Land and construction	$	1,977	$	35	$	4,552	$	87	$	9,054	$	157
Improved property		17,669		441		22,702		610		28,493		632
Commercial and industrial		3,561		103		3,757		112		6,408		123
Residential real estate		18,829		855		19,915		803		15,724		639
Home equity		2,356		75		2,262		68		1,324		64
Consumer		1,122		97		1,377		89		480		95
Total impaired loans without a specific allowance		45,514		1,606		54,565		1,769		61,483		1,710
With a specific allowance recorded:
Commercial real estate:
Land and construction		—		—		1,234		—		2,888		54
Improved property		2,795		348		2,746		22		7,388		196
Commercial and industrial		2,075		95		309		89		—		—
Total impaired loans with a specific allowance		4,870		443		4,289		111		10,276		250
Total impaired loans	$	50,384	$	2,049	$	58,854	$	1,880	$	71,759	$	1,960

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The following tables present the recorded investment in non-accrual loans and TDRs:

	Non-accrual Loans (1)
(in thousands)	December 31, 2014		December 31, 2013
Commercial real estate:
Land and construction	$	1,488	$	2,564
Improved property		20,227		17,305
Total commercial real estate		21,715		19,869
Commercial and industrial		4,110		4,380
Residential real estate		10,329		10,240
Home equity		1,923		1,604
Consumer		741		540
Total	$	38,818	$	36,633

(1) Total non-accrual loans include loans that are also restructured. Such loans are also set forth in the following table as non-accrual TDRs.

	TDRs
	December 31, 2014						December 31, 2013
(in thousands)	Accruing		Non-Accrual		Total		Accruing		Non-Accrual		Total
Commercial real estate:
Land and construction	$	—	$	464	$	464	$	—	$	1,601	$	1,601
Improved property		2,437		1,850		4,287		3,052		3,658		6,710
Total commercial real estate		2,437		2,314		4,751		3,052		5,259		8,311
Commercial and industrial		329		478		807		415		579		994
Residential real estate		8,215		2,074		10,289		9,850		2,991		12,841
Home equity		740		245		985		902		289		1,191
Consumer		345		309		654		642		206		848
Total	$	12,066	$	5,420	$	17,486	$	14,861	$	9,324	$	24,185

As of December 31, 2014, there were no TDRs greater than $1.0 million. The concessions granted in the majority of loans reported as accruing and non-accrual TDRs are extensions of the maturity date or the amortization period, reductions in the interest rate below the prevailing market rate for loans with comparable characteristics, and/or permitting interest-only payments for longer than three months.

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The following table presents details related to loans identified as TDRs during the years ended December 31, 2014 and 2013:

	New TDRs (1) For the Year Ended December 31, 2014						New TDRs (1) For the Year Ended December 31, 2013
(dollars in thousands)	Number of Modifications		Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment		Number of Modifications		Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment
Commercial real estate:
Land and construction		—	$	—	$	—		2	$	366	$	353
Improved property		9		1,638		1,437		10		769		564
Total commercial real estate		9		1,638		1,437		12		1,135		917
Commercial and industrial		3		231		163		8		173		162
Residential real estate		8		424		400		30		2,688		2,557
Home equity		—		—		—		5		122		92
Consumer		11		199		167		13		144		101
Total		31	$	2,492	$	2,167		68	$	4,262	$	3,829

(1) Excludes loans that were either paid off or charged-off by period end. The pre-modification balance represents the balance outstanding at the beginning of the period. The post-modification balance represents the outstanding balance at period end.

The following table summarizes TDRs which defaulted (defined as past due 90 days) during the years ended December 31, 2014 and 2013 that were restructured within the last twelve months prior to December 31, 2014 and 2013:

	Defaulted TDRs (1) For the Year Ended December 31, 2014				Defaulted TDRs (1) For the Year Ended December 31, 2013
(dollars in thousands)	Number of Defaults		Recorded Investment		Number of Defaults		Recorded Investment
Commercial real estate:
Land and construction		—	$	—		—	$	—
Improved property		—		—		—		—
Total commercial real estate		—		—		—		—
Commercial and industrial		—		—		1		14
Residential real estate		—		—		12		1,043
Home equity		—		—		2		51
Consumer		1		26		—		—
Total		1	$	26		15	$	1,108

(1) Excludes loans that were either charged-off or cured by period end. The recorded investment is as of December 31, 2014 and 2013.

TDRs that defaulted during the twelve month period that were restructured during the twelve months ended December 31, 2014 represented 0.2% of the total TDR balance at December 31, 2014. These loans are placed on non-accrual status unless they are both well-secured and in the process of collection. At December 31, 2014, the loan in the table above was not accruing interest.

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The following table summarizes the recognition of interest income on impaired loans:

	For the years ended December 31,
(in thousands)	2014		2013		2012
Average impaired loans	$	50,384	$	58,854	$	71,759
Amount of contractual interest income on impaired loans		3,260		3,225		3,463
Amount of interest income recognized on impaired loans		2,049		1,880		1,960

The following table summarizes other real estate owned and repossessed assets included in other assets:

	December 31,
(in thousands)	2014		2013
Other real estate owned	$	4,920	$	4,689
Repossessed assets		162		171
Total other real estate owned and repossessed assets	$	5,082	$	4,860

Residential real estate included in other real estate owned at December 31, 2014 and December 31, 2013 was $0.6 million and $0.4 million, respectively. At December 31, 2014, formal foreclosure proceedings were in process on residential real estate loans totaling $5.6 million.

NOTE 5. PREMISES AND EQUIPMENT

Premises and equipment include:

	December 31,
(in thousands)	2014			2013
Land and improvements	$	28,158		$	26,666
Buildings and improvements		105,436			102,980
Furniture and equipment		66,149			83,023
Total cost		199,743			212,669
Accumulated depreciation and amortization		(106,608	)		(119,512	)
Total premises and equipment, net	$	93,135		$	93,157

Depreciation and amortization expense of premises and equipment charged to operations for the years ended December 31, 2014, 2013 and 2012 was $7.4 million, $7.0 million and $6.1 million, respectively.

WesBanco leases certain premises and equipment under non-cancellable operating leases. Certain leases contain renewal options and rent escalation clauses calling for rent increases over the term of the lease. All leases which contain a rent escalation clause are accounted for on a straight-line basis. Rent expense under leases was $2.7 million, $2.7 million and $2.5 million for the years ended December 31, 2014, 2013 and 2012, respectively.

Future minimum lease payments under non-cancellable leases with initial or remaining lease terms in excess of one year at December 31, 2014 are as follows (in thousands):

Year	Amount
2015	$	2,557
2016		1,997
2017		1,718
2018		1,373
2019		1,089
2020 and thereafter		11,238
Total	$	19,972

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NOTE 6. GOODWILL AND OTHER INTANGIBLE ASSETS

WesBanco’s Consolidated Balance Sheets include goodwill of $312.1 million at December 31, 2014 and 2013, respectively. WesBanco’s other intangible assets of $7.4 million and $9.3 million at December 31, 2014 and 2013, respectively, primarily consist of core deposit and other customer list intangibles which have finite lives and are amortized using straight line and accelerated methods. Other intangible assets are being amortized over estimated useful lives ranging from ten to sixteen years. Amortization of other intangible assets totaled $1.9 million, $2.3 million and $2.2 million for the years ended December 31, 2014, 2013 and 2012, respectively. WesBanco completed its annual goodwill impairment evaluation as of November 30, 2014 and determined that goodwill was not impaired as of December 31, 2014 as there were no significant changes in market conditions, consolidated operating results, or forecasted future results from November 30, 2014, the date of the most recent goodwill impairment evaluation. Additionally, there were no events or changes in circumstances indicating impairment of intangible assets as of December 31, 2014.

The following table shows WesBanco’s capitalized other intangible assets and related accumulated amortization:

	December 31,
(in thousands)	2014			2013
Other intangible assets:
Gross carrying amount	$	38,048		$	38,048
Accumulated amortization		(30,640	)		(28,720	)
Net carrying amount of other intangible assets	$	7,408		$	9,328

The following table shows the amortization on WesBanco’s other intangible assets for each of the next five years (in thousands):

Year	Amount
2015	$	1,634
2016		1,401
2017		1,179
2018		965
2019		767

NOTE 7. INVESTMENTS IN LIMITED PARTNERSHIPS

WesBanco is a limited partner in several tax-advantaged limited partnerships whose purpose is to invest in approved low-income housing investment tax credit projects. These investments are accounted for using the equity method of accounting and are included in other assets in the Consolidated Balance Sheets. The limited partnerships are considered to be VIEs as they generally do not have equity investors with voting rights or have equity investors that do not provide sufficient financial resources to support their activities. The VIEs have not been consolidated because WesBanco is not considered the primary beneficiary. All of WesBanco’s investments in limited partnerships are privately held, and their market values are not readily available. Investments in low-income housing partnerships are evaluated for impairment at the end of each reporting period. At December 31, 2014 and 2013, WesBanco had $1.7 million and $2.6 million, respectively, invested in these partnerships. WesBanco also recognizes the unconditional unfunded equity commitments of $0.6 million and $1.1 million at December 31, 2014 and 2013, respectively, in other liabilities. For the years ended December 31, 2014, 2013 and 2012, WesBanco included in operations under the equity method of accounting its share of the partnerships’ losses and impairment of $0.9 million, $1.2 million, and $1.5 million, respectively. Tax benefits attributed to these partnerships include low-income housing and historic tax credits which totaled $0.7 million, $0.8 million and $0.9 million for the years ended December 31, 2014, 2013 and 2012, respectively.

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WesBanco is also a limited partner in six other limited partnerships which provide seed money and capital to startup companies, and financing to low-income housing projects. At December 31, 2014 and 2013, WesBanco had $4.4 million and $4.6 million, respectively, invested in these partnerships, which are recorded in other assets using the equity method. WesBanco included in operations under the equity method of accounting its share of the partnerships’ net gains of $305 thousand, $31 thousand and $5 thousand for the years ended December 31, 2014, 2013 and 2012, respectively.

NOTE 8. CERTIFICATES OF DEPOSIT

Certificates of deposit in denominations of $100 thousand or more were $706.1 million and $809.7 million as of December 31, 2014 and 2013, respectively. Interest expense on certificates of deposit of $100 thousand or more was $7.5 million, $13.0 million and $14.9 million for the years ended December 31, 2014, 2013 and 2012, respectively.

At December 31, 2014, the scheduled maturities of total certificates of deposit are as follows (in thousands):

Year	Amount
2015	$	764,694
2016		262,625
2017		87,611
2018		86,341
2019		82,251
2020 and thereafter		21,574
Total	$	1,305,096

NOTE 9. FHLB AND OTHER SHORT-TERM BORROWINGS

WesBanco is a member of the FHLB system. WesBanco’s FHLB borrowings, which consist of borrowings from both the FHLB of Pittsburgh and the FHLB of Cincinnati, are secured by a blanket lien by the FHLB on certain residential mortgages and other loan types or securities with a market value in excess of the outstanding balances of the borrowings. At December 31, 2014 and 2013, WesBanco had FHLB borrowings of $223.1 million and $39.5 million, with a remaining weighted-average interest rate of 0.91% and 3.81%, respectively, with $150.9 million representing short-term borrowings at December 31, 2014. The terms of the security agreement with the FHLB include a specific assignment of collateral that requires the maintenance of qualifying mortgage and other types of loans as pledged collateral with unpaid principal amounts in excess of the FHLB advances, when discounted at certain pre-established percentages of the loans’ unpaid principal balances. FHLB stock owned by WesBanco totaling $11.6 million at December 31, 2014 and 2013, respectively, is also pledged as collateral on these advances. The remaining maximum borrowing capacity by WesBanco with the FHLB at December 31, 2014 and 2013 was estimated to be approximately $1.5 billion and $1.6 billion, respectively.

Other short-term borrowings of $80.7 million and $150.5 million at December 31, 2014, and 2013, respectively, may consist of securities sold under agreements to repurchase, federal funds purchased, and outstanding borrowings on a revolving line of credit. At December 31, 2014 and 2013, securities sold under agreements to repurchase were $80.7 million and $130.5 million, with a weighted average interest rate during the year of 1.36% and 1.87%, respectively. There were $20.0 million of federal funds purchased with an interest rate of 0.70% as of December 31, 2013. There were no outstanding balances of federal funds purchased at December 31, 2014.

The parent company revolving line of credit matures September 4, 2015. The revolving line of credit, which accrues interest at an adjusted LIBOR rate, and includes certain covenants that WesBanco was in compliance with at December 31, 2014, provides for aggregate outstanding borrowings of up to $25.0 million. There were no outstanding balances as of either December 31, 2014 or 2013.

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NOTE 10. JUNIOR SUBORDINATED DEBT OWED TO UNCONSOLIDATED SUBSIDIARY TRUSTS

The Trusts, consisting of WesBanco Capital Trust II, WesBanco Capital Statutory Trust III, and WesBanco Capital Trusts IV, V and VI, Oak Hill Capital Trusts 2, 3 and 4, are all wholly-owned trust subsidiaries of WesBanco formed for the purpose of issuing Trust Preferred Securities (“Trust Preferred Securities”) into a pool of other financial services entity trust preferred securities, and lending the proceeds to WesBanco. The Trust Preferred Securities were issued and sold in private placement offerings. The proceeds from the sale of the securities and the issuance of common stock by the Trusts were invested in Junior Subordinated Deferrable Interest Debentures (“Junior Subordinated Debt”) issued by WesBanco, and former Oak Hill Financial, Inc., acquired by WesBanco in 2007, which are the sole assets of the Trusts. The Trusts pay dividends on the Trust Preferred Securities at the same rate as the distributions paid by WesBanco on the Junior Subordinated Debt held by the Trusts. The Trusts provide WesBanco with the option to defer payment of interest on the Junior Subordinated Debt for an aggregate of 20 consecutive quarterly periods. Should any of these options be utilized, WesBanco may not declare or pay dividends on its common stock during any such period. Undertakings made by WesBanco with respect to the Trust Preferred Securities for the Trusts constitute a full and unconditional guarantee by WesBanco of the obligations of these Trust Preferred Securities. WesBanco organized Trusts II and III in June 2003, Trusts IV and V in June 2004 and Trust VI in March 2005. The Oak Hill Trusts 2 and 3 were organized in 2004 and Trust 4 was organized in 2005.

The Junior Subordinated Debt is presented as a separate category of long-term debt on the Consolidated Balance Sheets. For regulatory purposes, the Federal Reserve Board has allowed bank holding companies to include trust preferred securities in Tier 1 capital up to a certain limit. Provisions in the Dodd-Frank Act require the Federal Reserve Board to generally exclude trust preferred securities from Tier 1 capital, but a grandfather provision will permit bank holding companies with consolidated assets of less than $15 billion, such as WesBanco, to continue counting existing trust preferred securities as Tier 1 capital until they mature. All of the Trust Preferred Securities qualified under the current rules as Tier 1 instruments at December 31, 2014, but no such securities issued in the future will count as Tier 1 capital. The Trust Preferred Securities provide the issuer with a unique capital instrument that has a tax deductible interest feature not normally associated with the equity of a corporation.

The following table shows WesBanco’s trust subsidiaries with outstanding Trust Preferred Securities as of December 31, 2014:

(in thousands)	Trust Preferred Securities		Common Securities		Junior Subordinated Debt		Stated Maturity Date		Optional Redemption Date
WesBanco Capital Trust II (1)	$	13,000	$	410	$	13,410		6/30/2033		6/30/2008
WesBanco Capital Statutory Trust III (2)		17,000		526		17,526		6/26/2033		6/26/2008
WesBanco Capital Trust IV (3)		20,000		619		20,619		6/17/2034		6/17/2009
WesBanco Capital Trust V (3)		20,000		619		20,619		6/17/2034		6/17/2009
WesBanco Capital Trust VI (4)		15,000		464		15,464		3/17/2035		3/17/2010
Oak Hill Capital Trust 2 (5)		5,000		155		5,155		10/18/2034		10/18/2009
Oak Hill Capital Trust 3 (6)		8,000		248		8,248		10/18/2034		10/18/2009
Oak Hill Capital Trust 4 (7)		4,980		155		5,135		6/30/2035		6/30/2015
Total	$	102,980	$	3,196	$	106,176

(1) Variable rate based on the three-month LIBOR plus 3.15% with a current rate of 3.41% through March 30, 2015, adjustable quarterly.

(2) Variable rate based on the three-month LIBOR plus 3.10% with a current rate of 3.35% through March 26, 2015, adjustable quarterly.

(3) Variable rate based on the three-month LIBOR plus 2.65% with a current rate of 2.89% through March 17, 2015, adjustable quarterly.

(4) Variable rate based on the three-month LIBOR plus 1.77% with a current rate of 2.01% through March 17, 2015, adjustable quarterly.

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(5) Variable rate based on the three-month LIBOR plus 2.40% with a current rate of 2.63% through January 18, 2015, adjustable quarterly.

(6) Variable rate based on the three-month LIBOR plus 2.30% with a current rate of 2.53% through January 18, 2015, adjustable quarterly.

(7) Fixed rate of 5.96% through June 30, 2015 and three-month LIBOR plus 1.60% thereafter, adjustable quarterly.

NOTE 11. EMPLOYEE BENEFIT PLANS

Defined Benefit Pension Plan—The WesBanco, Inc. Defined Benefit Pension Plan (“the Plan”) established on January 1, 1985, is a non-contributory, defined benefit pension plan. The Plan covers all employees of WesBanco and its subsidiaries who were hired on or before August 1, 2007 who satisfy minimum age and length of service requirements. Benefits of the Plan are generally based on years of service and the employee’s compensation during the last five years of employment. Contributions are intended to provide not only for benefits attributed to service to date, but also for those expected to be earned in the future. WesBanco uses a December 31 measurement date for the Plan.

The benefit obligations and funded status of the Plan are as follows:

	December 31,
(dollars in thousands)	2014			2013
Accumulated benefit obligation at end of year	$	103,447		$	81,478
Change in projected benefit obligation:
Projected benefit obligation at beginning of year	$	90,640		$	94,502
Service cost		2,909			3,120
Interest cost		4,745			4,096
Actuarial (gain) loss		25,392			(8,286	)
Benefits paid		(5,425	)		(2,792	)
Projected benefit obligation at end of year	$	118,261		$	90,640
Change in fair value of plan assets:
Fair value of plan assets at beginning of year	$	100,274		$	82,608
Actual return on plan assets		7,688			15,458
Employer contribution		7,500			5,000
Benefits paid		(5,425	)		(2,792	)
Fair value of plan assets at end of year	$	110,037		$	100,274
Amounts recognized in the statement of financial position:
Funded status	$	(8,224	)	$	9,634
Net amounts recognized as (payable) receivable pension costs in the consolidated balance sheets	$	(8,224	)	$	9,634
Amounts recognized in accumulated other comprehensive income consist of:
Unrecognized prior service cost	$	182		$	227
Unrecognized net loss		35,834			12,371
Net amounts recognized in accumulated other comprehensive income (before tax)	$	36,016		$	12,598
Weighted average assumptions used to determine benefit obligations:
Discount rate		4.33	%		5.17	%
Rate of compensation increase		3.77	%		3.97	%
Expected long-term return on assets		7.00	%		7.25	%

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The components of and weighted-average assumptions used to determine net periodic benefit costs are as follows:

	For the years ended December 31,
(dollars in thousands)	2014			2013			2012
Components of net periodic benefit cost:
Service cost	$	2,909		$	3,120		$	2,737
Interest cost		4,745			4,096			3,882
Expected return on plan assets		(7,229	)		(5,993	)		(5,541	)
Amortization of prior service cost		45			45			45
Amortization of net loss		1,471			3,534			2,287
Net periodic pension cost	$	1,941		$	4,802		$	3,410
Other changes in plan assets and benefit obligations recognized in other comprehensive income:
Net (gain) loss for period	$	24,934		$	(17,751	)	$	12,143
Amortization of prior service cost		(45	)		(45	)		(45	)
Amortization of net loss		(1,471	)		(3,534	)		(2,287	)
Total recognized in other comprehensive income	$	23,418		$	(21,330	)	$	9,811
Total recognized in net periodic pension cost and other comprehensive income	$	25,359		$	(16,528	)	$	13,221
Weighted-average assumptions used to determine net periodic pension cost:
Discount rate		5.17	%		4.36	%		5.11	%
Rate of compensation increase		3.97	%		3.00	%		3.00	%
Expected long-term return on assets		7.25	%		7.25	%		7.75	%

The estimated net loss and prior service credit for the Plan that will be amortized from accumulated other comprehensive income into the net periodic pension cost over the next fiscal year are $3.6 million and $26 thousand, respectively. Unrecognized prior service cost and unrecognized net losses are amortized on a straight-line basis. All unrecognized net losses are being amortized over the average remaining service period of approximately 10 years.

The expected long-term rate of return for the Plan’s total assets is based on the expected return of each of the Plan asset categories, weighted based on the median of the target allocation for each class. The rate will remain unchanged for 2015.

Pension Plan Investment Policy and Strategy—The investment policy as established by the Retirement Plans Committee, to be followed by the Trustee, which is WesBanco’s Trust and Investment Services department, is to invest assets based on the target allocations shown in the table below. Assets are reallocated periodically by the Trustee based on the ranges set forth by the Retirement Plans Committee to meet the target allocations. The investment policy is also subject to review periodically to determine if the policy should be changed. Plan assets are to be invested with the principal objective of maximizing long-term total return without exposing Plan assets to undue risk, taking into account the Plan’s funding needs and benefit obligations. Assets are to be invested in a balanced portfolio composed primarily of equities, fixed income and cash or cash equivalent money market investments.

A maximum of 5% may be invested in any one stock. Foreign stocks may be included, either through direct investment or by the purchase of mutual funds which invest in foreign stock. WesBanco common stock can represent up to 10% of the total market value. Corporate bonds selected for purchase must be rated Baa1 by Moody’s or BBB+ by Standard and Poor’s or higher. No more than 5% shall be invested in bonds or notes issued by the same corporation with a maximum term of twenty years. There is no limit on the holdings of U.S.

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Treasury or Federal Agency Securities. At December 31, 2014 and 2013 the Plan’s equity securities included 55,300 shares of WesBanco common stock with a fair market value of $1.9 million and $1.8 million, respectively.

The following table sets forth the Plan’s weighted-average asset allocations by asset category:

	Target Allocation for 2014		December 31,
			2014			2013
Asset Category:
Equity securities		55 - 75%		65	%		68	%
Debt securities		25 - 55%		32	%		30	%
Cash and cash equivalents		0 - 5%		3	%		2	%
Total				100	%		100	%

The fair values of WesBanco’s pension plan assets at December 31, 2014 and 2013, by asset category are as follows:

			December 31, 2014
			Fair Value Measurements Using:
(in thousands)	Assets at Fair     Value		Quoted Prices in     Active Markets  for Identical Assets (Level 1)		Significant Other     Observable     Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Defined benefit pension plan assets:
Registered investment companies	$	17,182	$	17,182	$	—	$	—
Equity securities		65,869		65,869		—		—
Corporate debt securities		15,726		—		15,726		—
Municipal obligations		2,178		—		2,178		—
Residential mortgage-backed securities and collateralized mortgage obligations of government agencies		13,261		—		13,261		—
Total defined benefit pension plan assets (1)	$	114,216	$	83,051	$	31,165	$	—

(1) The defined benefit pension plan statement of net assets also includes cash, accrued interest and dividends, and due to/from brokers resulting in net assets available for benefits of $110.0 million.

			December 31, 2013
			Fair Value Measurements Using:
(in thousands)	Assets at Fair     Value		Quoted Prices in     Active Markets  for Identical Assets (Level 1)		Significant Other     Observable     Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Defined benefit pension plan assets:
Registered investment companies	$	9,716	$	9,716	$	—	$	—
Equity securities		64,804		64,804		—		—
Corporate debt securities		12,752		—		12,752		—
Municipal obligations		2,041		—		2,041		—
Residential mortgage-backed securities and collateralized mortgage obligations of government agencies		11,450		—		11,450		—
Total defined benefit pension plan assets (1)	$	100,763	$	74,520	$	26,243	$	—

(1) The defined benefit pension plan statement of net assets also includes cash, accrued interest and dividends, and due to/from brokers resulting in net assets available for benefits of $100.3 million.

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Registered investment companies and equity securities: Valued at the closing price reported on the active market on which the individual securities are traded.

Corporate debt securities, municipal obligations, and U.S. government agency securities: Valued at fair value based on models that consider criteria such as dealer quotes, available trade data, issuer creditworthiness, market movements, sector news, and bond and swap yield curves.

Cash Flows—WesBanco has no required minimum contribution to the Plan for 2015 and as of December 31, 2014 and expects to make a voluntary contribution of $7.5 million in 2015. WesBanco contributed $7.5 million, $5.0 million and $5.0 million for the years ended December 31, 2014, 2013 and 2012, respectively.

The following table presents estimated benefits to be paid in each of the next five years and in the aggregate for the five years thereafter (in thousands):

Year	Amount
2015	$	3,409
2016		3,703
2017		4,006
2018		4,353
2019		4,681
2020 to 2024		29,936

Employee Stock Ownership and 401(k) Plan (“KSOP”)—WesBanco sponsors a KSOP plan consisting of a non-contributory leveraged ESOP and a contributory 401(k) profit sharing plan covering substantially all of its employees. Under the provisions of the 401(k) plan, WesBanco matches a portion of eligible employee contributions based on rates established and approved by the Board of Directors. For each of the past three years, WesBanco matched 100% of the first 3% and 50% of the next 2% of eligible employee contributions. No ESOP contribution has been made for any of the past three years.

As of December 31, 2014, the KSOP held 542,695 shares of WesBanco common stock of which all shares were allocated to specific employee accounts. Dividends on shares are either distributed to employee accounts or paid in cash to the participant. Total expense for the KSOP was $2.2 million, $2.1 million, and $1.8 million in 2014, 2013 and 2012, respectively. WesBanco had 519,773 and 558,993 shares remaining for future issuance under the KSOP plan at December 31, 2014 and 2013, respectively.

Incentive Bonus, Option and Restricted Stock Plan—The Incentive Bonus, Option and Restricted Stock Plan (the “Incentive Plan”), is a non-qualified plan that includes the following components: an Annual Bonus, a Long-Term Incentive Bonus, a Stock Option component, and a Restricted Stock component. The components allow for payments of cash, a mixture of cash and stock, granting of stock options, or granting of restricted stock, depending upon the component of the Incentive Plan in which the award is earned through the attainment of certain performance goals or on a time-based vesting requirement. Performance goals or service vesting requirements are established by WesBanco’s Compensation Committee. WesBanco had 443,388 and 568,228 shares remaining for future issuance under equity compensation plans at December 31, 2014 and 2013, respectively.

Annual Bonus

Compensation expense for the Annual Bonus was $1.5 million, $1.3 million and $1.3 million for 2014, 2013, and 2012, respectively. There was no Long-Term Incentive Bonus granted for any of these periods.

Stock Options

On May 21, 2014, WesBanco granted 83,800 stock options to selected participants, including certain named executive officers at an exercise price of $28.79 per share. The options granted in 2014 are service-based and vest in two equal installments on December 31, 2014 and December 31, 2015, and expire seven years from the date of grant.

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Compensation expense for the stock option component of the Incentive Plan was $0.4 million and $0.3 million for 2014 and 2013, respectively. At December 31, 2014, the total unrecognized compensation expense related to non-vested stock option grants totaled $0.2 million with an expense recognition period of one year remaining. The maximum term of options granted under WesBanco’s stock option plan is ten years from the original grant date.

The total intrinsic value of options exercised for each of the years ended December 31, 2014 and 2013 was $0.6 million and $0.8 million, respectively. The cash received and related tax benefit realized from stock options exercised was $1.9 million and $0.2 million in 2014 and was $2.6 million and $0.3 million in 2013. Shares issued in connection with options exercised are issued from treasury shares acquired under WesBanco’s share repurchase plans or from issuance of authorized but unissued shares, subject to prior SEC registration.

The fair value of stock options granted is estimated at the date of grant using the Black-Scholes option-pricing model. This model requires the input of highly subjective assumptions, changes to which can materially affect the fair value estimate. Additionally, there may be other factors that might otherwise have a significant effect on the value of stock options granted that are not considered by the model.

The following table sets forth the significant assumptions used in calculating the fair value of the grants:

	For the years ended December 31,
	2014			2013			2012
Weighted-average life		4.8 years			4.5 years			4.9 years
Risk-free interest rate		1.37	%		0.74	%		0.73	%
Dividend yield		3.06	%		3.04	%		3.40	%
Volatility factor		28.82	%		32.31	%		32.30	%
Fair value of the grants	$	5.41		$	5.05		$	3.96

The weighted-average life assumption is an estimate of the length of time that an employee might hold an option before option exercise, option expiration or employment termination. The weighted-average life assumption was developed using historical experience. WesBanco used a weighted historical volatility of its common stock price over the weighted average life prior to each issuance as the volatility factor assumption, adjusted for abnormal volatility during certain periods, and current and future dividend payment expectations for the dividend assumption.

The following table shows the activity for the Stock Option component of the Incentive Plan:

	For the year ended December 31, 2014
	Number of Options			Weighted Average Exercise Price Per Share
Outstanding at beginning of the year		297,761		$	23.62
Granted during the year		83,800			28.79
Exercised during the year		(82,659	)		23.46
Forfeited or expired during the year		(40,452	)		29.93
Outstanding at end of the year		258,450		$	24.36
Exercisable at year end		216,550		$	23.51

The aggregate intrinsic value of the outstanding shares and the shares exercisable at year end was $2.7 million and $2.4 million, respectively.

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The following table shows the average remaining life of the stock options at December 31, 2014:

Year Issued	Exercisable at Year End		Exercise Price Range Per Share		Options Outstanding		Weighted Average Exercise Price		Weighted Avg. Remaining Contractual Life in Years
2008		19,950	$	21.72		19,950	$	21.72		0.39
2010		18,675		19.27		18,675		19.27		2.38
2011		24,250		19.76		24,250		19.76		3.38
2012		36,750		20.02		36,750		20.02		4.38
2013		75,025		25.00		75,025		25.00		5.38
2014		41,900		28.79		83,800		28.79		6.39
Total		216,550	$	19.27 to $28.79		258,450	$	24.36		4.77

Restricted Stock

During 2014, WesBanco granted 42,540 shares of restricted stock to certain officers. The restricted shares are service-based and cliff vest 36 months from the date of grant. The weighted average fair value of the restricted stock granted was $28.64 per share. Compensation expense relating to all restricted stock was $1.0 million, $0.8 million, and $0.6 million in 2014, 2013 and 2012, respectively. At December 31, 2014, the total unrecognized compensation expense related to non-vested restricted stock grants totaled $1.4 million with a weighted average expense recognition period of 1.5 years remaining. The restricted stock grant provides the recipient with voting rights from the date of issuance. Dividends paid on the restricted shares during the restriction period are converted into additional shares of restricted stock on the date the cash dividend would have otherwise been paid, but do not vest until the related grant of the restricted shares complete their vesting. The Compensation Committee has discretion to elect to pay such dividends to participants.

The following table shows the activity for the Restricted Stock component of the Incentive Plan:

For the year ended December 31, 2014	Restricted Stock			Weighted Average Grant Date Fair Value Per Share
Non-vested at January 1, 2014		91,194		$	23.20
Granted during the year		42,540			28.64
Vested during the year		(1,749	)		20.64
Forfeited or expired during the year		(1,583	)		20.28
Dividend reinvestment		3,066			31.40
Non-vested at end of the year		133,468		$	25.19

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NOTE 12. OTHER OPERATING EXPENSES

Other operating expenses consist of miscellaneous taxes, consulting fees, ATM expenses, postage, legal fees, supplies, communications, other real estate owned and foreclosure expenses, and other expenses. Other operating expenses are presented below:

	For the years ended December 31,
(in thousands)	2014		2013		2012
Franchise and other miscellaneous taxes	$	6,748	$	5,887	$	5,629
Consulting, regulatory and advisory fees		4,405		4,445		3,971
ATM and electronic banking interchange expenses		4,222		4,310		3,748
Postage and courier expenses		3,373		3,317		3,071
Legal fees		2,531		2,549		2,517
Supplies		2,425		2,675		2,460
Communications		1,555		2,717		2,536
Other real estate owned and foreclosure expenses		1,101		1,753		2,082
Other		10,836		9,684		9,433
Total other operating expenses	$	37,196	$	37,337	$	35,447

NOTE 13. INCOME TAXES

Reconciliation from the federal statutory income tax rate to the effective tax rate is as follows:

	For the years ended December 31,
	2014			2013			2012
Federal statutory tax rate		35.0	%		35.0	%		35.0	%
Net tax-exempt interest income on securities of state and political subdivisions		(6.4	%)		(6.7	%)		(9.0	%)
State income taxes, net of federal tax effect		1.4	%		1.6	%		1.5	%
Bank-owned life insurance		(1.7	%)		(1.9	%)		(1.9	%)
General business credits		(3.1	%)		(3.5	%)		(4.4	%)
All other—net		0.1	%		—			0.3	%
Effective tax rate		25.3	%		24.5	%		21.5	%

The provision for income taxes applicable to income before taxes consists of the following:

	For the years ended December 31,
(in thousands)	2014		2013		2012
Current:
Federal	$	13,346	$	12,399	$	12,275
State		1,684		1,837		1,393
Deferred:
Federal		8,337		6,267		(119	)
State		353		260		39
Total	$	23,720	$	20,763	$	13,588

The following income tax amounts were recorded in shareholders’ equity as elements of other comprehensive income:

	For the years ended December 31,
(in thousands)	2014			2013			2012
Securities and defined benefit pension plan unrecognized items	$	(3,538	)	$	(3,707	)	$	(3,192	)

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Deferred tax assets and liabilities consist of the following:

	December 31,
(in thousands)	2014			2013			2012
Deferred tax assets:
Allowance for loan losses	$	16,386		$	17,414		$	19,901
Compensation and benefits		8,764			2,324			10,192
Security gains and losses		2,817			3,261			2,261
Purchase accounting adjustments		1,497			3,544			8,037
Non-accrual interest income		2,129			1,850			1,745
Tax credit carryforwards		10,163			11,517			11,838
Federal net operating loss carryforwards		597			1,415			2,316
Fair value adjustments on securities available-for-sale		—			2,772			—
Other		3,327			3,175			3,070
Gross deferred tax assets		45,680			47,272			59,360
Deferred tax liabilities:
Depreciation and amortization		(1,900	)		(1,416	)		(962	)
Accretion on securities		(295	)		(262	)		(397	)
Fair value adjustments on securities available-for-sale		(2,297	)		—			(8,806	)
Other		(1,728	)		(983	)		(1,257	)
Gross deferred tax liabilities		(6,220	)		(2,661	)		(11,422	)
Net deferred tax assets	$	39,460		$	44,611		$	47,938

WesBanco has a valuation allowance on certain capital loss carryforwards. The amount is immaterial to the financial statements. However, no valuation allowance was established for the remaining deferred tax assets since management believes that deferred tax assets are likely to be realized through a carry-back to taxable income in prior years, future reversals of existing taxable temporary differences and future taxable income.

Under the provisions of the Internal Revenue Code, WesBanco has approximately $6.9 million of general business credit carryforwards which expire between 2031 and 2033. WesBanco also has $3.3 million of alternative minimum tax credits that may be carried forward indefinitely. WesBanco has deferred tax assets relating to federal net operating loss carryforwards of $0.6 million which expire between 2030 and 2031.

As a result of the acquisition of Fidelity in 2012 and the previous acquisitions of Western Ohio Financial Corporation, Winton Financial Corporation and Oak Hill Financial, Inc., retained earnings at both December 31, 2014 and 2013 includes $15.2 million of qualifying and non-qualifying tax bad debt reserves existing as of December 31, 1987, upon which no provision for income taxes has been recorded. The related amount of unrecognized deferred tax liability is $5.6 million for both 2014 and 2013, respectively. If this portion of retained earnings is used in the future for any purpose other than to absorb bad debts, it will be added to future taxable income.

Federal and state income taxes applicable to securities transactions totaled $0.3 million, $0.2 million, and $0.9 million for the years ended December 31, 2014, 2013 and 2012, respectively.

At both December 31, 2014 and December 31, 2013, WesBanco had approximately $0.7 million of unrecognized tax benefits and interest. As of December 31, 2014, $0.7 million of these tax benefits would affect the effective tax rate if recognized. At December 31, 2014 and December 31, 2013, accrued interest related to uncertain tax positions was $23 thousand and $52 thousand, respectively, net of the related federal tax benefit. WesBanco provides for interest and penalties related to uncertain tax positions as part of its provision for federal and state income taxes.

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WesBanco is subject to U.S. federal income tax as well as to tax in various state income tax jurisdictions. WesBanco is no longer subject to any income tax examinations for years prior to 2013. Fidelity returns are no longer subject to any income tax examinations for years prior to October 1, 2011.

Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits (excluding interest and the federal income tax benefit of unrecognized state tax benefits) is as follows:

	For the years ended December 31,
(in thousands)	2014			2013			2012
Balance at beginning of year	$	673		$	668		$	784
Additions based on tax positions related to the current year		155			140			147
Reductions for tax positions of prior years		—			—			—
Reductions due to the statute of limitations		(127	)		(135	)		(263	)
Settlements		—			—			—
Balance at end of year	$	701		$	673		$	668

NOTE 14. FAIR VALUE MEASUREMENT

Fair value estimates are based on quoted market prices, if available, quoted market prices of similar assets or liabilities, or the present value of expected future cash flows and other valuation techniques. These valuations are significantly affected by discount rates, cash flow assumptions, and risk assumptions used. Therefore, fair value estimates may not be substantiated by comparison to independent markets and are not intended to reflect the proceeds that may be realizable in an immediate settlement of the instruments.

Fair value is determined at one point in time and is not representative of future value. These amounts do not reflect the total value of a going concern organization. Management does not have the intention to dispose of a significant portion of its assets and liabilities and therefore, the unrealized gains or losses should not be interpreted as a forecast of future earnings and cash flows.

The following is a discussion of assets and liabilities measured at fair value on a recurring basis and valuation techniques applied:

Securities available-for-sale: The fair value of securities available-for-sale, which are measured on a recurring basis, are determined primarily by obtaining quoted prices on nationally recognized securities exchanges or matrix pricing, which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to other similar securities. These securities are classified within Level 1 or 2 in the fair value hierarchy. Certain equity securities that are lightly traded in over-the-counter markets are classified as Level 2 in the fair value hierarchy, as quoted market prices may not be available on the fair value measurement date. Positions that are not traded in active markets for which valuations are generated using assumptions not observable in the market or management’s best estimate are classified within Level 3 of the fair value hierarchy. This includes certain specific municipal debt issues for which the credit quality and discount rate must be estimated.

We may be required from time to time to measure certain assets at fair value on a nonrecurring basis in accordance with GAAP. These adjustments to fair value usually result from application of lower-of-cost-or-market accounting or write-downs of individual assets.

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Impaired loans: Impaired loans are carried at the lower of cost or the fair value of the collateral for collateral-dependent loans. Collateral may be in the form of real estate or business assets including equipment, inventory and accounts receivable. The use of independent appraisals, discounted cash flow models and management’s best judgment are significant inputs in arriving at the fair value measure of the underlying collateral and impaired loans are therefore classified within Level 3 of the fair value hierarchy.

Other real estate owned and repossessed assets: Other real estate owned and repossessed assets are carried at the lower of the investment in the assets or the fair value of the assets less estimated selling costs. The use of independent appraisals and management’s best judgment are significant inputs in arriving at the fair value measure of the underlying collateral, and therefore other real estate owned and repossessed assets are classified within Level 3 of the fair value hierarchy.

Loans held for sale: Loans held for sale are carried, in aggregate, at the lower of cost or fair value. The use of a valuation model using quoted prices of similar instruments are significant inputs in arriving at the fair value and therefore loans held for sale are classified within Level 2 of the fair value hierarchy.

The following tables set forth WesBanco’s financial assets and liabilities that were accounted for at fair value on a recurring and nonrecurring basis by level within the fair value hierarchy as of December 31, 2014 and 2013:

			December 31, 2014 Fair Value Measurements Using:
(in thousands)	December 31, 2014		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Recurring fair value measurements
Securities—available-for-sale
Obligations of government agencies	$	87,736	$	—	$	87,736	$	—
Residential mortgage-backed securities and collateralized mortgage obligations of government agencies		701,113		—		701,113		—
Obligations of state and political subdivisions		91,433		—		91,433		—
Corporate debt securities		25,996		—		25,996		—
Equity securities		11,146		8,440		2,706		—
Total securities—available-for-sale	$	917,424	$	8,440	$	908,984	$	—
Total recurring fair value measurements	$	917,424	$	8,440	$	908,984	$	—
Nonrecurring fair value measurements
Impaired loans	$	6,024	$	—	$	—	$	6,024
Other real estate owned and repossessed assets		5,082		—		—		5,082
Loans held for sale		5,865		—		5,865		—
Total nonrecurring fair value measurements	$	16,971	$	—	$	5,865	$	11,106

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			December 31, 2013 Fair Value Measurements Using:
(in thousands)	December 31, 2013		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Recurring fair value measurements
Securities—available-for-sale
Obligations of government agencies	$	73,232	$	—	$	73,232	$	—
Residential mortgage-backed securities and collateralized mortgage obligations of government agencies		694,267		—		694,267		—
Obligations of state and political subdivisions		116,346		—		116,346		—
Corporate debt securities		38,481		—		38,481		—
Equity securities		12,060		9,962		2,098		—
Total securities—available-for-sale	$	934,386	$	9,962	$	924,424	$	—
Total recurring fair value measurements	$	934,386	$	9,962	$	924,424	$	—
Nonrecurring fair value measurements
Impaired loans	$	1,543	$	—	$	—	$	1,543
Other real estate owned and repossessed assets		4,860		—		—		4,860
Loans held for sale		5,855		—		5,855		—
Total nonrecurring fair value measurements	$	12,258	$	—	$	5,855	$	6,403

WesBanco’s policy is to recognize transfers between levels as of the actual date of the event or change in circumstances that caused the transfer. There were no transfers between Levels 1, 2, or 3 for the years ended December 31, 2014 and 2013.

The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis and for which WesBanco has utilized Level 3 inputs to determine fair value:

	Quantitative Information about Level 3 Fair Value Measurements
(in thousands)	Fair Value Estimate		Valuation Techniques		Unobservable Input		Range / Weighted Average
December 31, 2014:
Impaired loans	$	6,024		Appraisal of collateral (1)		Appraisal adjustments (2)	0% to (39.7%) / (6.7%)
						Liquidation expenses (2)	(1.2%) to (8.0%) / (6.7%)
Other real estate owned and repossessed assets		5,082		Appraisal of collateral (1)(3)
December 31, 2013:
Impaired loans	$	1,543		Appraisal of collateral (1)		Appraisal adjustments (2)	0% to (29.1%) / (15.6%)
						Liquidation expenses (2)	(3.5%) to (8.0%) / (4.7%)
Other real estate owned and repossessed assets		4,860		Appraisal of collateral (1)(3)

(1) Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various Level 3 inputs which are not identifiable.

(2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of appraisal adjustments and liquidation expenses are presented as a percent of the appraisal.

(3) Includes estimated liquidation expenses and numerous dissimilar qualitative adjustments by management which are not identifiable.

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The estimated fair values of WesBanco’s financial instruments are summarized below:

(in thousands)	Carrying Amount		Fair Value Estimate		Fair Value Measurements
					Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
December 31, 2014
Financial Assets
Cash and due from banks	$	94,002	$	94,002	$	94,002	$	—	$	—
Securities available-for-sale		917,424		917,424		8,440		908,984		—
Securities held-to-maturity		593,670		619,617		—		618,895		722
Net loans		4,042,112		4,047,648		—		—		4,047,648
Loans held for sale		5,865		5,865		—		5,865		—
Accrued interest receivable		18,481		18,481		18,481		—		—
Bank-owned life insurance		123,298		123,298		123,298		—		—
Financial Liabilities
Deposits		5,048,983		5,056,828		3,743,887		1,312,941		—
Federal Home Loan Bank borrowings		223,126		225,456		—		225,456		—
Other borrowings		80,690		80,696		77,534		3,162		—
Junior subordinated debt		106,176		79,212		—		79,212		—
Accrued interest payable		1,620		1,620		1,620		—		—
December 31, 2013
Financial Assets
Cash and due from banks	$	95,551	$	95,551	$	95,551	$	—	$	—
Securities available-for-sale		934,386		934,386		9,962		924,424		—
Securities held-to-maturity		598,520		596,308		—		595,581		727
Net loans		3,847,549		3,754,465		—		—		3,754,465
Loans held for sale		5,855		5,855		—		5,855		—
Accrued interest receivable		18,960		18,960		18,960		—		—
Bank-owned life insurance		121,390		121,390		121,390		—		—
Financial Liabilities
Deposits		5,062,530		5,076,207		3,551,052		1,525,155		—
Federal Home Loan Bank borrowings		39,508		42,314		—		42,314		—
Other borrowings		150,536		153,015		104,196		48,819		—
Junior subordinated debt		106,137		74,038		—		74,038		—
Accrued interest payable		2,354		2,354		2,354		—		—

The following methods and assumptions were used to measure the fair value of financial instruments recorded at cost on WesBanco’s consolidated balance sheets:

Cash and due from banks: The carrying amount for cash and due from banks is a reasonable estimate of fair value.

Securities held-to-maturity: Fair values for securities held-to-maturity are determined in the same manner as securities available-for-sale which is described above.

Net loans: Fair values for loans are estimated using a discounted cash flow methodology. The discount rates take into account interest rates currently being offered to customers for loans with similar terms, the credit risk

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associated with the loan and market factors, including liquidity. The valuation of the loan portfolio reflects discounts that WesBanco believes are consistent with transactions occurring in the marketplace for both performing and distressed loan types. The carrying value that fair value is compared to is net of the allowance for loan losses and other associated premiums and discounts. Due to the significant judgment involved in evaluating credit quality, loans are classified within Level 3 of the fair value hierarchy.

Accrued interest receivable: The carrying amount of accrued interest receivable approximates its fair value.

Bank-Owned Life Insurance: The carrying value of bank-owned life insurance represents the net cash surrender value of the underlying insurance policies, should these policies be terminated. Management believes that the carrying value approximates fair value.

Deposits: The carrying amount is considered a reasonable estimate of fair value for demand, savings and other variable rate deposit accounts. The fair value of fixed maturity certificates of deposit is estimated by a discounted cash flow method using the rates currently offered for deposits of similar remaining maturities.

Federal Home Loan Bank borrowings: The fair value of FHLB borrowings is based on rates currently available to WesBanco for borrowings with similar terms and remaining maturities.

Other borrowings: The carrying amount of federal funds purchased and overnight sweep accounts generally approximate fair value. Other repurchase agreements are based on quoted market prices if available. If market prices are not available, for certain fixed and adjustable rate repurchase agreements, then quoted market prices of similar instruments are used.

Junior subordinated debt owed to unconsolidated subsidiary trusts: Due to the pooled nature of these instruments, which are not actively traded, estimated fair value is based on recent similar transactions of single issuer trust preferred securities.

Accrued interest payable: The carrying amount of accrued interest payable approximates its fair value.

Off-balance sheet financial instruments: Off-balance sheet financial instruments consist of commitments to extend credit including letters of credit. Fair values for commitments to extend credit are estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present credit standing of the counterparties. The estimated fair value of the commitments to extend credit and letters of credit are insignificant and therefore are not presented in the above table.

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NOTE 15. COMPREHENSIVE INCOME/(LOSS)

The activity in accumulated other comprehensive income/(loss) for the years ended December 31, 2014, 2013 and 2012 is as follows:

	Accumulated Other Comprehensive Income/(Loss) (1)
(in thousands)	Defined Benefit Pension Plan			Unrealized Gains (Losses) on Securities Available-for-Sale			Unrealized Gains on Securities Transferred from Available-for-Sale to Held-to-Maturity			Total
Balance at December 31, 2013	$	(7,966	)	$	(6,126	)	$	1,358		$	(12,734	)
Other comprehensive income/(loss) before reclassifications		(15,768	)		9,638			—			(6,130	)
Amounts reclassified from accumulated other comprehensive income/(loss)		958			(620	)		(299	)		39
Period change		(14,810	)		9,018			(299	)		(6,091	)
Balance at December 31, 2014	$	(22,776	)	$	2,892		$	1,059		$	(18,825	)
Balance at December 31, 2012	$	(21,401	)	$	13,032		$	2,004		$	(6,365	)
Other comprehensive income/(loss) before reclassifications		11,224			(19,102	)		—			(7,878	)
Amounts reclassified from accumulated other comprehensive income/(loss)		2,211			(56	)		(646	)		1,509
Period change		13,435			(19,158	)		(646	)		(6,369	)
Balance at December 31, 2013	$	(7,966	)	$	(6,126	)	$	1,358		$	(12,734	)
Balance at December 31, 2011	$	(15,155	)	$	11,292		$	2,961		$	(902	)
Other comprehensive income/(loss) before reclassifications		(7,660	)		3,086			—			(4,574	)
Amounts reclassified from accumulated other comprehensive income/(loss)		1,414			(1,346	)		(957	)		(889	)
Period change		(6,246	)		1,740			(957	)		(5,463	)
Balance at December 31, 2012	$	(21,401	)	$	13,032		$	2,004		$	(6,365	)

(1) All amounts are net of tax. Related income tax expense or benefit is calculated using a combined Federal and State income tax rate approximating 37%.

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Details about Accumulated Other Comprehensive Income/(Loss) Components	Amounts Reclassified from Accumulated Other Comprehensive Income/ (Loss) For the Years Ended December 31,									Affected Line Item in the Statement of Net Income
(in thousands)	2014			2013			2012
Securities available-for-sale (1):
Net securities gains reclassified into earnings	$	(981	)	$	(89	)	$	(2,142	)	Net securities gains (Non-interest income)
Related income tax expense		361			33			796		Provision for income taxes
Net effect on accumulated other comprehensive income/(loss) for the period		(620	)		(56	)		(1,346	)
Securities held-to-maturity (1):
Amortization of unrealized gain transferred from available-for-sale		(472	)		(1,029	)		(1,534	)	Interest and dividends on securities (Interest and dividend income)
Related income tax expense		173			383			577		Provision for income taxes
Net effect on accumulated other comprehensive income/(loss) for the period		(299	)		(646	)		(957	)
Defined benefit pension plan (2):
Amortization of net loss and prior service costs		1,516			3,579			2,332		Employee benefits (Non-interest expense)
Related income tax benefit		(558	)		(1,368	)		(918	)	Provision for income taxes
Net effect on accumulated other comprehensive income/(loss) for the period		958			2,211			1,414
Total reclassifications for the period	$	39		$	1,509		$	(889	)

(1) For additional detail related to unrealized gains on securities and related amounts reclassified from accumulated other comprehensive income/(loss) see Note 3, “Securities.”

(2) Included in the computation of net periodic pension cost. See Note 11, “Employee Benefit Plans” for additional detail.

NOTE 16. COMMITMENTS AND CONTINGENT LIABILITIES

Commitments—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 $0.5 million and $0.6 million as of December 31, 2014 and December 31, 2013, respectively, and is included in other liabilities on the Consolidated Balance Sheets.

Letters of credit are conditional commitments issued by banks to guarantee the performance of a customer to a third party. Those guarantees are primarily issued to support public and private borrowing arrangements, including normal business activities, bond financing and similar transactions. Letters of credit are considered guarantees. The liability associated with letters of credit was $0.2 million as of December 31, 2014 and $0.1 million as of December 31, 2013.

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Contingent obligations to purchase loans funded by other entities include affordable housing plan guarantees and credit card guarantees. Affordable housing plan guarantees are performance guarantees for various building project loans. The guarantee amortizes as the loan balances decrease. Credit card guarantees are credit card balances not owned by WesBanco, whereby the Bank guarantees the performance of the cardholder.

The following table presents total commitments to extend credit, guarantees and various letters of credit outstanding:

	December 31,
(in thousands)	2014		2013
Lines of credit	$	984,352	$	964,777
Loans approved but not closed		116,757		73,937
Overdraft limits		95,965		96,291
Letters of credit		23,362		18,686
Contingent obligations to purchase loans funded by other entities		8,312		6,327

Contingent Liabilities—WesBanco is a party to various legal and administrative proceedings and claims. While any litigation contains an element of uncertainty, management does not believe that a material loss related to such proceedings or claims pending or known to be threatened is reasonably possible.

NOTE 17. WESBANCO BANK COMMUNITY DEVELOPMENT CORPORATION

WesBanco Bank Community Development Corporation (“WBCDC”), a consolidated subsidiary of WesBanco Bank, is a Certified Development Entity (“CDE”) with $60.0 million of New Markets Tax Credits (“NMTC”). The NMTC program is administered by the Community Development Financial Institutions Fund of the U.S. Treasury and is aimed at stimulating economic and community development and job creation in low-income communities. The program provides federal tax credits to investors who make qualified equity investments (“QEIs”) in a CDE. The CDE is required to invest the proceeds of each QEI in low-income communities, which are generally defined as those census tracts with poverty rates greater than 20% and/or median family incomes that are less than or equal to 80% of the area median family income.

The credit provided to the investor totals 39% of each QEI in a CDE and is claimed over a seven-year credit allowance period. In each of the first three years, the investor receives a credit equal to 5% of the total amount the investor paid to the CDE for each QEI. For each of the remaining four years, the investor receives a credit equal to 6% of the total amount the investor paid to the CDE for each QEI. WesBanco will be eligible to receive $23.4 million in tax credits over the seven-year credit allowance period for its investment of up to $60.0 million in WBCDC. At December 31, 2014, all of the $60.0 million in NMTC authority had been invested in WBCDC.

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WesBanco Bank recognized $2.3 million, $2.2 million and $1.9 million in NMTC in its income tax provision for the years ended December 31, 2014, 2013 and 2012, respectively. The following table sets forth the NMTC expected to be claimed by WesBanco Bank on its federal income tax returns for years 2015 through 2018 with respect to aggregate QEI amounts invested as of December 31, 2014. These tax credits are subject to certain general business tax credit limitations, as well as the alternative minimum tax, and are therefore limited in deductibility currently due to the applicability of alternative minimum tax on WesBanco’s federal income tax return. A total of $6.2 million of such NMTC have been carried forward to future tax years.

(in thousands)	Aggregate QEI  Amount		New Markets Tax Credit
Year			2015		2016		2017		2018
2004	$	10,000	$	—	$	—	$	—	$	—
2005		10,000		—		—		—		—
2008		7,500		—		—		—		—
2009		2,500		150		—		—		—
2010		14,000		840		840		—		—
2011		5,000		300		300		300		—
2012		6,000		360		360		360		360
2013		5,000		250		300		300		300
Total	$	60,000	$	1,900	$	1,800	$	960	$	660

The NMTC claimed by WesBanco Bank with respect to each QEI remain subject to recapture over each QEI’s credit allowance period upon the occurrence of any of the following:

• if less than substantially all (generally defined as 85%) of the QEI proceeds are not used by WBCDC to make qualified low income community investments;

• WBCDC ceases to be a CDE; or

• WBCDC redeems its QEI investment prior to the end of the current credit allowance periods.

At December 31, 2014, 2013 and 2012 none of the above recapture events had occurred, nor in the opinion of management are such events anticipated to occur in the foreseeable future.

The following condensed financial statements summarize the financial position of WBCDC as of December 31, 2014, and the results of its operations and cash flows for the year ended December 31, 2014:

BALANCE SHEET

(in thousands)	December 31, 2014
Assets
Cash and due from banks	$	24,270
Loans, net of allowance for loan losses of $249		44,676
Investments		980
Other assets		530
Total Assets	$	70,456
Liabilities	$	294
Shareholder Equity		70,162
Total Liabilities and Shareholder Equity	$	70,456

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STATEMENT OF INCOME

(in thousands)	For the year ended December 31, 2014
Interest income
Loans	$	1,527
Total interest income		1,527
Provision for loan losses		43
Net interest income after provision for loan losses		1,484
Non-interest income		83
Non-interest expense		103
Income before provision for income taxes		1,464
Provision for income taxes		544
Net income	$	920

STATEMENT OF CASH FLOWS

	For the year ended December 31, 2014
(in thousands)
Operating Activities
Net income	$	920
Provision for loan losses		43
Gain on investments		(83	)
Net change in other assets		106
Net change in liabilities		(563	)
Net cash provided by operating activities		423
Investing Activities
Increase in loans		(1,193	)
Net cash used by investing activities		(1,193	)
Financing Activities
Qualified equity investment by parent company		—
Net cash provided by financing activities		—
Net decrease in cash and cash equivalents		(770	)
Cash and cash equivalents at beginning of year		25,040
Cash and cash equivalents at end of year	$	24,270

NOTE 18. TRANSACTIONS WITH RELATED PARTIES

Certain directors and officers (including their affiliates, families and entities in which they are principal owners) of WesBanco and its subsidiaries are customers of, or suppliers to, those subsidiaries and have had, and are expected to have, transactions with the subsidiaries in the ordinary course of business. In addition, certain directors are also directors or officers of corporations that are customers of, or suppliers to, the Bank and have had, and are expected to have, transactions with the Bank in the ordinary course of business. In the opinion of management, such transactions are consistent with prudent banking practices and are within applicable banking regulations. Indebtedness of related parties aggregated approximately $4.4 million, $4.7 million and $4.5 million as of December 31, 2014, 2013, and 2012, respectively. During 2014, $1.6 million in related party loans were funded and $1.9 million were repaid or no longer related. At December 31, 2014, 2013 and 2012, none of the outstanding related party loans were past due 90 days or more, on non-accrual, or considered to be a TDR.

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NOTE 19. REGULATORY MATTERS

The Federal Reserve Bank is the primary regulator for the parent company, WesBanco. WesBanco Bank is a state non-member bank jointly regulated by the FDIC and the West Virginia Department of Banking. WesBanco is a legal entity separate and distinct from its subsidiaries and is dependent upon dividends from its subsidiary bank, WesBanco Bank, to provide funds for the payment of dividends to shareholders, fund its current stock repurchase plan and to provide for other cash requirements. The payment of dividends by WesBanco Bank to WesBanco is subject to state and federal banking regulations. Under applicable law, bank regulatory agency approval is required if the total of all dividends declared by a bank in any calendar year exceeds the available retained earnings or exceeds the aggregate of the bank’s net profits (as defined by regulatory agencies) for that year and its retained net profits for the preceding two years. As of December 31, 2014, under FDIC regulations, WesBanco could receive, without prior regulatory approval, a dividend of up to $28.5 million from WesBanco Bank.

WesBanco and WesBanco Bank are also required to maintain non-interest bearing reserve balances with the Federal Reserve Bank. The average required reserve balance was $5.0 million during 2014 and 2013.

Additionally, WesBanco and WesBanco Bank are subject to various regulatory capital requirements (risk-based capital ratios) administered by federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by the regulators that, if undertaken, could have a material adverse effect on WesBanco’s financial results.

All bank holding companies and banking subsidiaries are required to have core capital (“Tier 1”) of at least 4% of risk-weighted assets, total capital of at least 8% of risk-weighted assets, and a minimum Tier 1 leverage ratio of 4% of adjusted quarterly average assets, except for certain highly-rated bank holding companies which may have a minimum Tier 1 leverage ratio of 3%. Tier 1 capital consists principally of shareholders’ equity; excluding items recorded in accumulated other comprehensive income, less goodwill and other intangibles. Total capital consists of Tier 1 capital plus the allowance for loan losses subject to limitation. The regulations also define “well-capitalized” levels of Tier 1 risk-based capital, total risk-based capital, and Tier 1 leverage capital as 6%, 10%, and 5%, respectively. WesBanco and WesBanco Bank were categorized as “well-capitalized” under the Federal Deposit Insurance Corporation Improvement Act at December 31, 2014 and 2013. There are no conditions or events since December 31, 2014 that management believes have changed WesBanco’s “well-capitalized” category.

The Basel III capital standards effective January 1, 2015 with a phase-in period ending January 1, 2019, establishes the minimum capital levels required under the Dodd-Frank Act, permanently grandfathers trust preferred securities issued before May 19, 2010, and increases the capital required for certain categories of assets. WesBanco has evaluated the impact of the Basel III final capital rule on its regulatory capital ratios and anticipates that the capital ratios, on a fully-phased in Basel III basis, will continue to exceed the well-capitalized minimum requirements.

WesBanco currently has $106.2 million in junior subordinated debt in its Consolidated Balance Sheets presented as a separate category of long-term debt. For regulatory purposes, trust preferred securities totaling $103.0 million, issued by unconsolidated trust subsidiaries of WesBanco underlying such junior subordinated debt, are included in Tier 1 capital in accordance with current regulatory reporting requirements. The grandfather provision of the Dodd-Frank Act permits bank holding companies with consolidated assets of less than $15 billion, such as WesBanco, to continue counting existing trust preferred securities as Tier 1 capital until they mature.

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The following table summarizes risk-based capital amounts and ratios for WesBanco and the Bank:

(dollars in thousands)	Minimum Value (1)			Well Capitalized (2)			December 31, 2014							December 31, 2013
							Amount		Ratio			Minimum Amount (1)		Amount		Ratio			Minimum Amount (1)
WesBanco, Inc.
Tier 1 leverage		4.00	%(3)		N/A		$	593,031		9.88	%	$	240,068	$	544,083		9.27	%	$	234,863
Tier 1 capital to risk-weighted assets		4.00	%		6.00	%		593,031		13.76	%		172,357		544,083		13.06	%		166,691
Total capital to risk-weighted assets		8.00	%		10.00	%		638,064		14.81	%		344,714		591,451		14.19	%		333,382
WesBanco Bank, Inc.
Tier 1 leverage		4.00	%		5.00	%	$	516,689		8.63	%	$	239,533	$	502,165		8.58	%	$	234,109
Tier 1 capital to risk-weighted assets		4.00	%		6.00	%		516,689		12.04	%		171,612		502,165		12.11	%		165,828
Total capital to risk-weighted assets		8.00	%		10.00	%		561,369		13.08	%		343,225		549,533		13.25	%		331,656

(1) Minimum requirements to remain adequately capitalized.

(2) Well capitalized under prompt corrective action regulations.

(3) Minimum requirement is 3% for certain highly-rated bank holding companies.

NOTE 20. CONDENSED PARENT COMPANY FINANCIAL STATEMENTS

Presented below are the Condensed Balance Sheets, Statements of Income and Statements of Cash Flows for the parent company:

BALANCE SHEETS

	December 31,
(in thousands)	2014		2013
ASSETS
Cash and short-term investments	$	61,732	$	22,973
Investment in subsidiaries—Bank		814,227		806,586
Investment in subsidiaries—Nonbank		5,343		5,527
Securities available-for-sale, at fair value		2,189		4,113
Other assets		17,553		18,983
Total Assets	$	901,044	$	858,182
LIABILITIES
Junior subordinated debt owed to unconsolidated subsidiary trusts	$	106,176	$	106,137
Dividends payable and other liabilities		6,678		5,450
Total Liabilities		112,854		111,587
SHAREHOLDERS’ EQUITY		788,190		746,595
Total Liabilities and Shareholders’ Equity	$	901,044	$	858,182

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STATEMENTS OF INCOME

	For the years ended December 31,
(in thousands)	2014			2013			2012
Dividends from subsidiaries—Bank	$	59,500		$	42,000		$	36,500
Dividends from subsidiaries—Nonbank		1,200			860			562
Income from securities		128			194			102
Net securities gain		745			6			11
Other income		416			67			96
Total income		61,989			43,127			37,271
Total expense		7,139			5,810			7,145
Income before income tax benefit and undistributed net income of subsidiaries		54,850			37,317			30,126
Income tax benefit		(2,006	)		(2,132	)		(2,305	)
Income before undistributed net income of subsidiaries		56,856			39,449			32,431
Equity in undistributed net income of subsidiaries		13,118			24,476			17,113
NET INCOME	$	69,974		$	63,925		$	49,544

The details of other comprehensive income and accumulated other comprehensive income are included in the consolidated financial statements.

STATEMENTS OF CASH FLOWS

	For the years ended December 31,
(in thousands)	2014			2013			2012
OPERATING ACTIVITIES
Net income	$	69,974		$	63,925		$	49,544
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed net income		(13,118	)		(24,476	)		(17,113	)
Gain on securities		(745	)		(6	)		(11	)
Decrease (increase) in other assets		1,908			(1,957	)		129
Other—net		1,968			1,975			(13	)
Net cash provided by operating activities		59,987			39,461			32,536
INVESTING ACTIVITIES
Proceed from sales —securities available-for-sale		1,990			1,009			591
Acquisitions and additional capitalization of subsidiaries, net of cash acquired		—			(104	)		(23,467	)
Net cash provided by (used in) investing activities		1,990			905			(22,876	)
FINANCING ACTIVITIES
Repayment of junior subordinated debt		—			(7,732	)		—
Issuance of common stock		—			2,539			38
Treasury shares sold (purchased)—net		1,918			(6,170	)		(24	)
Dividends paid to common and preferred shareholders		(25,136	)		(22,243	)		(18,119	)
Net cash used in financing activities		(23,218	)		(33,606	)		(18,105	)
Net increase (decrease) in cash and cash equivalents		38,759			6,760			(8,445	)
Cash and short-term investments at beginning of year		22,973			16,213			24,658
Cash and short-term investments at end of year	$	61,732		$	22,973		$	16,213

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NOTE 21. BUSINESS SEGMENTS

WesBanco operates two reportable segments: community banking and trust and investment services. WesBanco’s community banking segment offers services traditionally offered by full-service commercial banks, including commercial demand, individual demand and time deposit accounts, as well as commercial, mortgage and individual installment loans, and certain non-traditional offerings, such as insurance and securities brokerage services. The trust and investment services segment offers trust services as well as various alternative investment products including mutual funds. The market value of assets of the trust and investment services segment was approximately $3.8 billion, $3.7 billion and $3.2 billion at December 31, 2014, 2013, and 2012, respectively. These assets are held by WesBanco, in fiduciary or agency capacities for their customers and therefore are not included as assets on WesBanco’s Consolidated Balance Sheets.

Condensed financial information by business segment is presented below:

(in thousands)	Community Banking		Trust and Investment Services		Consolidated
For the year ended December 31, 2014:
Interest income	$	215,991	$	—	$	215,991
Interest expense		22,763		—		22,763
Net interest income		193,228		—		193,228
Provision for credit losses		6,405		—		6,405
Net interest income after provision for credit losses		186,823		—		186,823
Non-interest income		47,435		21,069		68,504
Non-interest expense		149,429		12,204		161,633
Income before provision for income taxes		84,829		8,865		93,694
Provision for income taxes		20,174		3,546		23,720
Net income	$	64,655	$	5,319	$	69,974
For the year ended December 31, 2013:
Interest income	$	217,890	$	—	$	217,890
Interest expense		32,403		—		32,403
Net interest income		185,487		—		185,487
Provision for credit losses		9,086		—		9,086
Net interest income after provision for credit losses		176,401		—		176,401
Non-interest income		49,708		19,577		69,285
Non-interest expense		149,136		11,862		160,998
Income before provision for income taxes		76,973		7,715		84,688
Provision for income taxes		17,677		3,086		20,763
Net income	$	59,296	$	4,629	$	63,925
For the year ended December 31, 2012:
Interest income	$	211,686	$	—	$	211,686
Interest expense		43,335		—		43,335
Net interest income		168,351		—		168,351
Provision for credit losses		19,874		—		19,874
Net interest income after provision for credit losses		148,477		—		148,477
Non-interest income		46,731		18,044		64,775
Non-interest expense		139,093		11,027		150,120
Income before provision for income taxes		56,115		7,017		63,132
Provision for income taxes		10,781		2,807		13,588
Net income	$	45,334	$	4,210	$	49,544

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Total non-fiduciary assets of the trust and investment services segment were $4.0 million, $3.9 million, and $2.8 million at December 31, 2014, 2013, and 2012, respectively. All other assets, including goodwill and other intangible assets, were allocated to the community banking segment.

NOTE 22. CONDENSED QUARTERLY STATEMENTS OF INCOME (UNAUDITED)

The following tables set forth unaudited consolidated selected quarterly statements of income for the years ended December 31, 2014 and 2013.

	2014 Quarter ended
(dollars in thousands, except per share amounts)	March 31,		June 30,		September 30,		December 31,		Annual Total
Interest income	$	53,457	$	54,044	$	54,303	$	54,185	$	215,991
Interest expense		6,132		5,737		5,692		5,199		22,763
Net interest income		47,325		48,307		48,611		48,986		193,228
Provision for credit losses		2,199		849		1,478		1,880		6,405
Net interest income after provision for credit losses		45,126		47,458		47,133		47,106		186,823
Non-interest income		17,039		18,076		16,073		16,413		67,601
Net securities gains		10		165		581		147		903
Non-interest expense		40,095		40,304		39,263		41,972		161,633
Income before income taxes		22,080		25,395		24,524		21,694		93,694
Provision for income taxes		5,659		6,520		6,358		5,182		23,720
Net income	$	16,421	$	18,875	$	18,166	$	16,512	$	69,974
Earnings per common share—basic	$	0.56	$	0.65	$	0.62	$	0.56	$	2.39
Earnings per common share—diluted	$	0.56	$	0.64	$	0.62	$	0.56	$	2.39

	2013 Quarter ended
(dollars in thousands, except per share amounts)	March 31,		June 30,		September 30,			December 31,			Annual Total
Interest income	$	54,892	$	54,424	$	54,317		$	54,257		$	217,890
Interest expense		8,764		8,435		8,186			7,019			32,403
Net interest income		46,128		45,989		46,131			47,238			185,487
Provision for credit losses		2,102		1,021		2,819			3,144			9,086
Net interest income after provision for credit losses		44,026		44,968		43,312			44,094			176,401
Non-interest income		17,480		17,038		17,131			16,953			68,601
Net securities gains		16		686		(15	)		(3	)		684
Non-interest expense		40,747		39,499		40,009			40,743			160,998
Income before income taxes		20,775		23,193		20,419			20,301			84,688
Provision for income taxes		4,754		6,176		4,884			4,948			20,763
Net income	$	16,021	$	17,017	$	15,535		$	15,353		$	63,925
Earnings per common share—basic	$	0.55	$	0.58	$	0.53		$	0.52		$	2.18
Earnings per common share—diluted	$	0.55	$	0.58	$	0.53		$	0.52		$	2.18

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NOTE 23. SUBSEQUENT EVENTS

On February 10, 2015, WesBanco completed its acquisition of ESB Financial Corporation (“ESB”), and its wholly-owned banking subsidiary, ESB Bank, a Pennsylvania-chartered savings bank headquartered in Ellwood City, Pennsylvania. At December 31, 2014, ESB had approximately $1.9 billion in assets, which included $0.7 billion in loans, and $1.1 billion in securities. The acquisition was valued at approximately $340.0 million and resulted in WesBanco issuing approximately 9.2 million shares of its common stock and $37.2 million in cash in exchange for ESB common stock. The assets and liabilities of ESB will be recorded on WesBanco’s balance sheet at their preliminary estimated fair values as of February 10, 2015, the acquisition date, and ESB’s results of operations will be included in WesBanco’s Consolidated Statements of Income from that date. For the twelve months ended December 31, 2014, WesBanco recorded merger-related expenses of $1.3 million associated with the ESB acquisition. WesBanco accounts for business combinations using the acquisition method of accounting. The initial accounting and determination of the fair values of the assets and liabilities resulting from the business combination was incomplete at the time of this filing due to the timing of the closing of the acquisition in relation to WesBanco’s required Form 10-K filing deadline. A more complete disclosure of the business combination is expected to be reported in WesBanco’s Form 10-Q as of March 31, 2015.

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ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

None.

ITEM 9A. CONTROLS AND PROCEDURES

WesBanco’s management carried out an evaluation, under the supervision and with the participation of the chief executive officer and the chief financial officer, of the effectiveness of the design and operation of WesBanco’s disclosure controls and procedures (as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) as of December 31, 2014, pursuant to Exchange Act Rule 13a-15. Based upon that evaluation, the chief executive officer along with the chief financial officer concluded that WesBanco’s disclosure controls and procedures as of December 31, 2014, are effective in timely alerting them to material information relating to WesBanco (including its consolidated subsidiaries) required to be included in WesBanco’s periodic filings under the Exchange Act.

No changes in WesBanco’s internal control over financial reporting have occurred during our fiscal quarter ended December 31, 2014 that have materially affected, or are reasonably likely to materially affect, WesBanco’s internal control over financial reporting.

Management’s Report on Internal Control Over Financial Reporting

Management’s Report on internal control over financial reporting and the audit report of Ernst & Young LLP, the Company’s independent registered public accounting firm, on internal control over financial reporting is included within this report immediately following “Item 7A. Quantitative and Qualitative Disclosures about Market Risk” and is incorporated in this Item 9A by reference.

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ITEM 9B. OTHER INFORMATION

On February 25, 2015, Wesbanco announced that Bernard P. Twigg stepped down as Executive Vice President—Chief Lending Officer and assumed a new position with reduced responsibilities as Executive Vice President—Director of Community Affairs. In his new capacity as Director of Community Affairs he will be responsible for managing the Bank’s relations with state and local governments, institutional clients, governmental agencies, community organizations and elected officials.

Mr. Twigg entered into an Amended and Restated Employment Agreement dated February 25, 2015 (“Restated Agreement”) which amended his current Employment Agreement dated July 7, 2003 (“Original Agreement”). The two agreements are substantially the same except that his responsibilities have been changed and reduced and his base compensation has been reduced to $150,000 from its current amount of $244,950 (reported base compensation for 2014).

The Restated Agreement is structured similarly to the Original Agreement in that it is a revolving three-year term, with the initial term commencing March 1, 2015 and continuing until February 28, 2018. The term of the Restated Agreement will automatically extend on each anniversary for an additional year, which will create an ongoing new three-year term, unless either party gives notice of non-renewal. The Restated Agreement also contains other provisions customary to similar agreements, including a provision relating to the non-disclosure of confidential information.

Wesbanco also announced his successor in the position of Chief Lending Officer and named Jayson M. Zatta, currently Executive Vice President—Senior Commercial Banker, to the position. Mr. Zatta has served as a commercial lending officer serving in various executive capacities with the Bank since 2008. He previously served in various lending capacities for 22 years with Huntington Bank and its predecessors.

Wesbanco also announced the retirement date of Peter W. Jaworski, its Executive Vice President—Chief Credit Officer, who has provided notice of his retirement on July 29, 2015. Mr. Jaworski has served in that capacity since May, 2002. Mr. Jaworski joined Wesbanco in 1995. In conjunction with that announcement Wesbanco also announced his successor indicating that his position would be filled by Ivan L. Burdine. Mr. Burdine currently serves as Senior Vice President—Senior Credit Officer and will work with Mr. Jaworski during the interim period until his retirement.

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PART III

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

The information required by this Item 10 is incorporated by reference to the applicable information in our Proxy Statement set forth under the headings Election of Directors, Continuing Directors, Executive Officers of the Corporation, Section 16(a) Beneficial Ownership Reporting Compliance and Audit Committee.

CODE OF ETHICS

WesBanco has adopted a Code of Business Conduct and Ethics that applies to our directors, officers and employees, including WesBanco’s Chief Executive Officer, Chief Financial Officer, Controller and other executive officers. WesBanco’s “Code of Business Conduct and Ethics” can be found posted on our website at http://www.wesbanco.com in the “About Us” section under “Investor Relations” under “Governance Documents”. WesBanco intends to disclose any changes or amendments to or waivers from this code of ethics on its website as well as the required filing of Form 8-K, under Item 5.05.

WesBanco will provide a printed copy, free of charge, of WesBanco’s Code of Ethics to any shareholder requesting such information. To obtain a copy of WesBanco’s Code of Ethics, contact: Linda Woodfin, WesBanco, Inc., 1 Bank Plaza, Wheeling, WV 26003. (304) 234-9201

ITEM 11. EXECUTIVE COMPENSATION

The information required by this Item 11 is incorporated by reference to the applicable information in our Proxy Statement set forth under the headings Summary Compensation Table, Meetings of Board of Directors and Committees and Compensation of Members, Compensation Committee Interlocks and Insider Participation, Compensation Committee Report, Compensation Discussion and Analysis, Annual Incentive Awards and certain other sections.

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

The information required by this Item 12 (other than the information provided below under the heading Equity Compensation Plan Information) is incorporated by reference to the applicable information in our Proxy Statement set forth under the headings Ownership of Securities by Directors, Nominees and Officers and Beneficial Owners of More Than 5% of the Common Stock of the Corporation.

The following table sets forth certain information with respect to securities authorized for issuance under our equity compensation plans as of December 31, 2014.

Equity Compensation Plan Information

Plan Category	Number of securities to be issued upon exercise  of outstanding options		Weighted average exercise price of outstanding options		Number of securities remaining for future issuance under  equity compensation plans
Equity compensation plans approved by security holders		258,450	$	24.36		443,388
Equity compensation plans not approved by security holders		None		None		None

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE

The information required by this Item 13 is incorporated by reference to the applicable information in our Proxy Statement set forth under the headings Transactions with Directors and Officers and Election of Directors. Additional information concerning related party transactions is set forth in the Annual Report under Note 18, “Transactions with Related Parties” in the Consolidated Financial Statements.

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ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES

The information required by this Item 14 is incorporated by reference to the applicable information in our Proxy Statement set forth under the heading Independent Auditors.

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PART IV

ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES

(A) CERTAIN DOCUMENTS FILED AS PART OF THE FORM 10-K

(1) CONSOLIDATED FINANCIAL STATEMENTS: Reference is made to Part II Item 8, of this Annual Report on Form 10-K.

(2) FINANCIAL STATEMENT SCHEDULES: No financial statement schedules are being filed since the required information is inapplicable or the information is presented in the Consolidated Financial Statements or related Notes.

(3) EXHIBIT LISTING Exhibits listed in this Exhibit Index of this Annual Report on Form 10-K are filed herein or are incorporated by reference.

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EXHIBIT INDEX

Exhibit Number	Document	Location
2.1	Agreement and Plan of Merger dated July 19, 2012 by and among, WesBanco, Inc., WesBanco Bank Inc., Fidelity Bancorp, Inc., and Fidelity Savings Bank.	Incorporated by reference to Form 8-K filed by the Registrant with the Securities and Exchange Commission on July 20, 2012
2.2	Agreement and Plan of Merger dated October 29, 2014 by and between Wesbanco, Inc., Wesbanco Bank, Inc., ESB Financial Corporation and ESB Bank.	Incorporated by reference to Form 8-K filed by the Registrant with the Securities and Exchange Commission on October 29, 2014
3.1	Restated Articles of Incorporation of WesBanco, Inc.	Incorporated by reference to a prior Registration Statement on Form S-4 under Registration No. 333-03905 filed by the Registrant with the Securities and Exchange Commission on May 16, 1996.
3.2	Articles of Amendment to the Articles of Incorporation of WesBanco, Inc.	Incorporated by reference to Form 10-Q filed by the Registrant with the Securities and Exchange Commission on May 15, 1998.
3.3	Bylaws of WesBanco, Inc. (As Amended and Restated February 24, 2011).	Incorporated by reference to Form 8-K filed by the Registrant with the Securities and Exchange Commission on February 25, 2011.
4.1	Specimen Certificate of WesBanco, Inc. Common Stock.	Incorporated by reference to a prior Registration Statement on Form S-4 under Registration No. 33-42157 filed by the Registrant with the Securities and Exchange Commission on August 9, 1991.
4.2	Junior Subordinated Indenture dated June 19, 2003 entered into between WesBanco, Inc., as issuer and The Bank of New York, as Trustee.	Incorporated by reference to Form 10-Q filed by the Registrant with the Securities and Exchange Commission on August 13, 2003.
4.3	Amended and Restated Declaration of Trust of WesBanco, Inc. Capital Trust II.	Incorporated by reference to Form 10-Q filed by the Registrant with the Securities and Exchange Commission on August 13, 2003.
4.4	Form of Common Securities Certificate of WesBanco, Inc. Capital Trust II (included as an exhibit to Exhibit 4.3).	Incorporated by reference to Form 10-Q filed by the Registrant with the Securities and Exchange Commission on August 13, 2003.
4.5	Form of Preferred Securities Certificate of WesBanco, Inc. Capital Trust II (included as an exhibit to Exhibit 4.3).	Incorporated by reference to Form 10-Q filed by the Registrant with the Securities and Exchange Commission on August 13, 2003.
4.6	Guarantee Agreement between WesBanco, Inc. and The Bank of New York.	Incorporated by reference to Form 10-Q filed by the Registrant with the Securities and Exchange Commission on August 13, 2003.
4.7	Indenture dated June 26, 2003 entered into between WesBanco, Inc., as issuer and U.S. Bank National Association, as Trustee.	Incorporated by reference to Form 10-Q filed by the Registrant with the Securities and Exchange Commission on August 13, 2003.

138

Exhibit Number	Document	Location
4.8	Amended and Restated Declaration of Trust of WesBanco, Inc. Capital Statutory Trust III.	Incorporated by reference to Form 10-Q filed by the Registrant with the Securities and Exchange Commission on August 13, 2003.
4.9	Form of Capital Security Certificate of WesBanco, Inc. Capital Statutory Trust III (included as an exhibit to Exhibit 4.8).	Incorporated by reference to Form 10-Q filed by the Registrant with the Securities and Exchange Commission on August 13, 2003.
4.10	Form of Common Security Certificate of WesBanco, Inc. Capital Statutory Trust III (included as an exhibit to Exhibit 4.8).	Incorporated by reference to Form 10-Q filed by the Registrant with the Securities and Exchange Commission on August 13, 2003.
4.11	Guarantee Agreement between WesBanco, Inc. and U.S. Bank National Association.	Incorporated by reference to Form 10-Q filed by the Registrant with the Securities and Exchange Commission on August 13, 2003.
4.12	Indenture dated June 17, 2004 entered into between WesBanco, Inc., as issuer and Wilmington Trust Company, as Trustee.	Incorporated by reference to Form 10-Q filed by the Registrant with the Securities and Exchange Commission on August 9, 2004.
4.13	Amended and Restated Declaration of Trust of WesBanco Capital Trust IV dated June 17, 2004.	Incorporated by reference to Form 10-Q filed by the Registrant with the Securities and Exchange Commission on August 9, 2004.
4.14	Form of Capital Security Certificate of WesBanco Capital Trust IV (included as an exhibit to Exhibit 4.13).	Incorporated by reference to Form 10-Q filed by the Registrant with the Securities and Exchange Commission on August 9, 2004.
4.15	Form of Common Security Certificate of WesBanco Capital Trust IV (included as an exhibit to Exhibit 4.13).	Incorporated by reference to Form 10-Q filed by the Registrant with the Securities and Exchange Commission on August 9, 2004.
4.16	Guarantee Agreement by and between WesBanco, Inc. and Wilmington Trust Company dated June 17, 2004.	Incorporated by reference to Form 10-Q filed by the Registrant with the Securities and Exchange Commission on August 9, 2004.
4.17	Indenture dated June 17, 2004 entered into between WesBanco, Inc., as issuer and Wilmington Trust Company, as Trustee.	Incorporated by reference to Form 10-Q filed by the Registrant with the Securities and Exchange Commission on August 9, 2004.
4.18	Amended and Restated Declaration of Trust of WesBanco Capital Trust V dated June 17, 2004.	Incorporated by reference to Form 10-Q filed by the Registrant with the Securities and Exchange Commission on August 9, 2004.
4.19	Form of Capital Security Certificate of WesBanco Capital Trust V (included as an exhibit to Exhibit 4.18).	Incorporated by reference to Form 10-Q filed by the Registrant with the Securities and Exchange Commission on August 9, 2004.
4.20	Form of Common Security Certificate of WesBanco Capital Trust V (included as an exhibit to Exhibit 4.18).	Incorporated by reference to Form 10-Q filed by the Registrant with the Securities and Exchange Commission on August 9, 2004.
4.21	Guarantee Agreement by and between WesBanco, Inc. and Wilmington Trust Company dated June 17, 2004.	Incorporated by reference to Form 10-Q filed by the Registrant with the Securities and Exchange Commission on August 9, 2004.

139

Exhibit Number	Document	Location
4.22	Indenture dated March 17, 2005 entered into between WesBanco, Inc. and Wilmington Trust Company, as Trustee.	Incorporated by reference to Form 8-K filed by the Registrant with the Securities and Exchange Commission on March 18, 2005.
4.23	Amended and Restated Declaration of Trust of WesBanco Capital Trust VI dated March 17, 2005.	Incorporated by reference to Form 8-K filed by the Registrant with the Securities and Exchange Commission on March 18, 2005.
4.24	Form of Capital Security Certificate of WesBanco Capital Trust VI (included as an exhibit to Exhibit 4.23).	Incorporated by reference to Form 8-K filed by the Registrant with the Securities and Exchange Commission on March 18, 2005.
4.25	Form of Common Security Certificate of WesBanco Capital Trust VI (included as an exhibit to Exhibit 4.23).	Incorporated by reference to Form 8-K filed by the Registrant with the Securities and Exchange Commission on March 18, 2005.
4.26	Guarantee Agreement by and between WesBanco, Inc. and Wilmington Trust Company dated March 17, 2005.	Incorporated by reference to Form 8-K filed by the Registrant with the Securities and Exchange Commission on March 18, 2005.
4.27	Warrant to Purchase Common Stock of WesBanco, Inc.	Incorporated by reference to Form 8-K filed by the Registrant with the Securities and Exchange Commission on December 3, 2012.
10.1	WesBanco, Inc. Incentive Bonus, Option and Restricted Stock Plan as adopted February 13, 1998 and as amended and restated February 25, 2010. **	Incorporated by reference to Form 8-K filed by the Registrant with the Securities and Exchange Commission on April 22, 2010.
10.2	Employment Agreement, dated November 30, 2001, by and between WesBanco Bank, Inc., WesBanco, Inc. and Brent E. Richmond.**	Incorporated by reference to a prior Registration Statement on Form S-4 under Registration No. 333-74814 filed by the Registrant with the Securities and Exchange Commission on December 10, 2001.
10.3	Employment Agreement dated June 30, 2001, by and between WesBanco Bank, Inc., Robert H. Young and WesBanco, Inc.**	Incorporated by reference to Form 10-K filed by the Registrant with the Securities and Exchange Commission on March 29, 2002.
10.4	Form of employment agreement by and between WesBanco Bank Inc., executive officers, and WesBanco, Inc. (effective date) as follows: Peter W. Jaworski (effective May 28, 2003), Bernard P. Twigg (effective July 7, 2003) and Lynn D. Asensio (effective January 7, 2006).**	Incorporated by reference to Form 10-Q filed by the Registrant with the Securities and Exchange Commission on August 13, 2003.
10.5	Letter Agreement and Committed Line of Credit Note, dated September 5, 2014, between WesBanco, Inc. and PNC Bank, National Association.	Incorporated by reference to Form 8-K filed by the Registrant with the Securities and Exchange Commission on September 8, 2014.
10.6	Form of Amended and Restated Change in Control Agreement by and between WesBanco, Inc., WesBanco Bank, Inc., and Robert H. Young.**	Incorporated by reference to Form 10-Q filed by the Registrant with the Securities and Exchange Commission on August 5, 2005.

140

Exhibit Number	Document	Location
10.7	Form of Amended and Restated Salary Continuation Agreement by and between WesBanco Bank, Inc. and Paul M. Limbert (along with the related 10 year benefit of $100,000 at age 65).**	Incorporated by reference to Form 10-Q filed by the Registrant with the Securities and Exchange Commission on August 5, 2005.
10.8	Form of Amended and Restated Salary Continuation Agreement – With Change in Control Provision by and between WesBanco Bank, Inc. and executive officers (along with their related 10 year benefit at age 65) as follows: Robert H. Young ($40,000); Peter W. Jaworski ($25,000) and Brent E. Richmond ($12,000).**	Incorporated by reference to Form 10-Q filed by the Registrant with the Securities and Exchange Commission on August 5, 2005.
10.9	WesBanco, Inc. Deferred Compensation Plan – For Directors and Eligible Employees (as amended). **	Incorporated by reference to Form 10-K filed by the Registrant with the Securities and Exchange Commission on March 10, 2006.
10.10	Form of Amended and Restated Change in Control Agreement by and between WesBanco, Inc., WesBanco Bank, Inc., Peter W. Jaworski, Brent E. Richmond and Michael L. Perkins.**	Incorporated by reference to Form 8-K filed by the Registrant with the Securities and Exchange Commission on April 28, 2006.
10.11	Form of Executive Compensation Amendment Agreement by and between WesBanco, Inc., WesBanco Bank, Inc., Robert H. Young, and Bernard B. Twigg.**	Incorporated by reference to Form 10-K filed by the Registrant with the Securities and Exchange Commission on March 10, 2009.
10.12	Form of Executive Compensation Amendment Agreement by and between WesBanco, Inc., WesBanco Bank, Inc., and Robert H. Young.**	Incorporated by reference to Form 10-Q filed by the Registrant with the Securities and Exchange Commission on August 10, 2009.
10.13	Form of WesBanco, Inc. Incentive Bonus, Option & Restricted Stock Plan – Stock Option Agreement. **	Incorporated by reference to Form 10-Q filed by the Registrant with the Securities and Exchange Commission on July 30, 2010.
10.14	Form of WesBanco, Inc. Incentive Bonus, Option & Restricted Stock Plan – Restricted Stock Agreement. **	Incorporated by reference to Form 10-Q filed by the Registrant with the Securities and Exchange Commission on July 30, 2010.
10.15	Consulting Agreement dated December 3, 2012 by and between WesBanco, Inc., and Richard G. Spencer.	Incorporated by reference to Form 8-K filed by the Registrant with the Securities and Exchange Commission on December 3, 2012.
10.16	Amended and Restated Employment Agreement by and between WesBanco, Inc., WesBanco Bank, Inc., and Jonathan D. Dargusch.**	Incorporated by reference to Form 8-K filed by the Registrant with the Securities and Exchange Commission on June 5, 2013.
10.17	Change in Control Agreement by and between WesBanco, Inc., WesBanco Bank, Inc., and Jonathan D. Dargusch.**	Incorporated by reference to Form 8-K filed by the Registrant with the Securities and Exchange Commission on June 5, 2013.
10.18	Restricted Stock Agreement by and between WesBanco, Inc. and Todd F. Clossin.**	Incorporated by reference to Form 8-K filed by the Registrant with the Securities and Exchange Commission on October 24, 2013.

141

Exhibit Number	Document	Location
10.19	Amended and Restated Employment Agreement, dated April 24, 2014, by and between WesBanco Bank, Inc., Todd F. Clossin and WesBanco, Inc.**	Incorporated by reference to Form 8-K filed by the Registrant with the Securities and Exchange Commission on April 24, 2014.
10.20	Change in Control Agreement, dated April 24, 2014, by and among WesBanco, Inc., WesBanco Bank, Inc. and Todd F. Clossin.**	Incorporated by reference to Form 8-K filed by the Registrant with the Securities and Exchange Commission on April 24, 2014.
10.21	WesBanco, Inc. KSOP, Amended and Restated, effective January 1, 2014. **	*
10.22	First Amendment to the WesBanco, Inc. KSOP, effective January 1, 2014.**	*
10.23	Second Amendment to the WesBanco, Inc. KSOP, effective January 1, 2014.**	*
10.24	Amended and Restated Employment Agreement, dated February 25, 2015, by and between WesBanco Bank, Inc., Bernard P. Twigg and WesBanco, Inc.**	*
11	Computation of Earnings Per Common Share.	Computation of earnings per common share is set forth under Note 2, “Earnings Per Common Share” of this Annual Report on Form 10-K.
21	Significant Subsidiaries of the Registrant.	*
23	Consent of Independent Registered Public Accounting Firm, Ernst & Young LLP.	*
24	Power of Attorney.	*
31.1	Certification of Chief Executive Officer of Periodic Report Pursuant to Rule 13a-15(e) or Rule 15d-15(e).	*
31.2	Certification of Chief Financial Officer of Periodic Report Pursuant to Rule 13a-15(e) or Rule 15d-15(e).	*
32.1	Certification Pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.	*
101	The following materials from WesBanco’s Annual Report on Form 10-K for the year ended December 31, 2014, formatted in XBRL (Extensible Business Reporting Language): (i) the Consolidated Balance Sheets at December 31, 2014 and 2013, (ii) the Consolidated Statements of Income and Comprehensive Income for the years ended December 31, 2014, 2013 and 2012, (iii) the Consolidated Statements of Changes in Stockholders’ Equity for the years ended December 31, 2014, 2013 and 2012, (iv) the Consolidated Statements of Cash Flows for the years ended December 31, 2014, 2013 and 2012, and (v) the Notes to Consolidated Financial Statements.	***

* Filed herewith

** Indicates management compensatory plan, contract, or arrangement

*** Filed electronically

142

SIGNATURES

Pursuant to the Requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, on February 27, 2015.

	WESBANCO, INC.
By:	/s/     Todd F. Clossin
	Todd F. Clossin
	President and Chief Executive Officer

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities indicated, on February 27, 2015.

By:	/s/     Todd F. Clossin
	Todd F. Clossin
	President, Chief Executive Officer, and Director
	(Principal Executive Officer)
By:	/s/     Robert H. Young
	Robert H. Young
	Executive Vice President and Chief Financial Officer
	(Principal Financial and Accounting Officer)
By:	/s/     James C. Gardill
	James C. Gardill
	Chairman of the Board

The Directors of WesBanco (listed below) executed a power of attorney appointing Todd F. Clossin their attorney-in-fact, empowering him to sign this report on their behalf.

By:	/s/     Todd F. Clossin
	Todd F. Clossin
	Attorney-in-fact

Ray A. Byrd	Paul M. Limbert
Christopher V. Criss	Jay T. McCamic
John W. Fisher, II	Ronald W. Owen
Ernest S. Fragale	Richard G. Spencer
Vaughn L. Kiger	Reed J. Tanner
D. Bruce Knox	Charlotte A. Zuschlag

143

EX-10.21

EXHIBIT 10.21

WesBanco, Inc. KSOP

As Amended and Restated Effective January 1, 2014

Table of Contents

Overview	1
Article 1. Preface	2
Article 2. Definitions	3
Article 3. Eligibility and Participation	10
Article 4. Contributions	12
Article 5. Benefits	17
Article 6. Death Benefits	21
Article 7. Vesting	23
Article 8. Distributions	25
Article 9. Accounts	28
Article 10. Top-Heavy Plan Provisions	34
Article 11. Administration by Committee	38
Article 12. Allocation of Responsibilities among Named Fiduciaries, Management of Funds, and Amendment or Termination of Plan	40
Article 13. Miscellaneous	43
Article 14. Termination of Plan and Trust, Merger or Consolidation of Plan	44
Article 15. Claims Procedure	45
Article 16. Provisions Regarding Employer Stock	48
Article 17. Special Vesting Rules for Participant Accounts from Merged Plans	57
Article 18. Merger of Oak Hill Financial, Inc. 401(k) and Profit Sharing Plan	59
Article 19. Service Credit for Former AmTrust Employees	61
Article 20. Service Credit for Former Fidelity Bancorp Employees	62
Signature Page	63

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Overview

WHEREAS, WesBanco, Inc., a corporation organized under the laws of the State of West Virginia (the “Company”), established the WesBanco, Inc. Employee Stock Ownership Plan (the “Plan”) effective as of December 31, 1986; and

WHEREAS, the Plan was amended and restated effective January 1, 1989; and

WHEREAS, the Plan was further amended and restated effective January 1, 1996, to include a cash or deferred arrangement under Code Section 401(k) and employer matching contributions under Code Section 401(m), and the name of the Plan was changed to the WesBanco, Inc. KSOP; and

WHEREAS, the Company subsequently amended and restated the Plan, also effective January 1, 1996, solely for the purpose of clarifying the terms of the Plan; and

WHEREAS, the Plan was amended a number of times since it was amended and restated in 1996 and, as a result, the Company amended and restated the Plan effective January 1, 2006, in order to reorganize the Plan document and bring it up-to-date; and

WHEREAS, the Company again amended and restated the Plan effective January 1, 2006, in order to reinsert ADP/ACP testing for the 2006 Plan Year, and correct some minor inconsistencies in the Plan document; and

WHEREAS, the Plan was amended a number of times since it was amended and restated in 2006; and

WHEREAS, the Company desires to amend and restate the Plan effective January 1, 2014, in order to bring the Plan document up-to-date;

NOW, THEREFORE, the Plan is amended and restated as set forth below.

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Article 1.

Preface

Section 1.1. Effective Date. Except as otherwise provided herein, the effective date of the Plan, as amended and restated, is January 1, 2014. The original effective date of the Plan was December 31, 1986.

Section 1.2. Purpose of Plan. The purpose of the Plan is, in the manner hereinafter set forth, to promote the future economic welfare of the Qualified Employees of each adopting Employer, develop in those Qualified Employees an increased interest in each adopting Employer’s successful operation, and encourage Qualified Employee savings. The intention of each adopting Employer is that the contributions made by it and Qualified Employees, together with the income thereon, shall be accumulated and made available to Qualified Employees upon their retirement from the Employer, all as set forth hereinafter. It is intended that the Plan qualify as a stock bonus plan under Code Section 401(a) and an employee stock ownership plan under Code Section 4975(e)(7) with respect to Employer Discretionary Contributions, and otherwise as a profit sharing plan under Code Section 401(a).

Section 1.3. Legal Effect. As of January 1, 2014, the terms and conditions of the Plan shall amend and supersede prospectively the terms and conditions of the WesBanco, Inc. KSOP as in effect on December 31, 2013; provided, however, that the provisions of such prior Plan shall continue to govern the rights of all Employees who retired or otherwise ceased to work for the Employer prior to the execution date hereof, except as otherwise expressly stated herein.

If the provisions of the Plan and the Trust Agreement that is part of the Plan are found to be contradictory, then the provisions of the Plan document shall apply.

Section 1.4. Form of Plan. The Plan shall be a single plan. The total assets of the Plan shall be available to provide benefits for any Participant or Inactive Participant.

Section 1.5. Governing Law. The Plan shall be regulated, construed, and administered under the laws of the State of West Virginia, except when preempted by federal law.

Section 1.6. Headings. The headings and subheadings in the Plan have been inserted for convenience and reference only and are to be ignored in any construction of the provisions hereof.

Section 1.7. Gender and Number. The masculine gender shall be deemed to include the feminine, the feminine gender shall be deemed to include the masculine, and the singular shall include the plural, unless otherwise clearly required by the context.

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Article 2.

Definitions

The following words and phrases, when used herein, shall have the meanings set forth below unless otherwise clearly required by the context:

Section 2.1. Act. The Employee Retirement Income Security Act of 1974, as it may be amended from time to time.

Section 2.2. Adjustment Date. Each day that securities are traded on a national stock exchange.

Section 2.3. Beneficiary. The person or persons designated by a Participant or Inactive Participant to receive the balance of his account, if any, after his death.

Section 2.4. Board. The Board of Directors of the Company.

Section 2.5. Break in Service. The failure of a former Employee to complete more than 500 Hours of Service during a Plan Year. Such break shall be effective as of the last day of the Plan Year in which such event occurs. A Break in Service shall not result from a Leave of Absence if the Employee returns to employment at the end of such Leave of Absence; provided, however, that a leave protected under the federal Family and Medical Leave Act of 1993, as amended, shall not constitute a Break in Service.

Section 2.6. Cash Subaccount. The balance posted to the record of each Participant, Inactive Participant, or Beneficiary consisting of any Employer contributions, Employee elective deferrals, and rollover contributions made in cash, cash dividends which have been paid with respect to Employer Stock allocated to his accounts, and earnings on short term investments deposited in his Cash Subaccount pending investment in Employer Stock.

Section 2.7. Code. The Internal Revenue Code of 1986, as it may be amended from time to time.

Section 2.8. Committee. The Administrative Committee as described in Article 11.

Section 2.9. Company. WesBanco, Inc., a corporation organized under the laws of the State of West Virginia.

Section 2.10. Compensation. Except as provided in Section 10.7, Compensation shall mean compensation as that term is defined in Section 9.4.

In addition to other applicable limitations set forth in the Plan, and notwithstanding any other provision of the Plan to the contrary, the annual Compensation of each Participant taken into account in determining allocations for any Plan Year shall not exceed the dollar limitation specified by Code Section 401(a)(17)(A), as adjusted for cost-of-living increases in accordance with Code Section 401(a)(17)(B)) (e.g., $260,000 for the Plan Year beginning January 1, 2014). Annual Compensation means compensation during the Plan Year or such other 12-month period

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over which Compensation is otherwise determined under the Plan (the determination period). The cost-of-living adjustment in effect for a calendar year applies to annual Compensation for the determination period that begins with or within such calendar year. If a determination period consists of fewer than 12 months, the annual compensation limit will be multiplied by a fraction, the numerator of which is the number of months in the determination period, and the denominator of which is 12.

Solely for purposes of Section 4.3, Compensation for the first Plan Year during which an Employee participates shall include Compensation paid during the entire Plan Year. For all other purposes under Article 4, Compensation for the first year an Employee participates shall include only Compensation paid after his Entry Date.

Section 2.11. Cost Subaccount. The balance posted to the record of each Participant, Inactive Participant, or Beneficiary under the Plan consisting of the average cost of shares of Employer Stock purchased and allocated to his accounts.

Section 2.12. Date of Employment. The first date on which an Employee completes an Hour of Service.

Section 2.13. Date of Reemployment. The date on which an Employee completes an Hour of Service following a termination or Break in Service.

Section 2.14. Employee. Any person who is a common law employee of the Employer or a Related Employer.

Section 2.15. Employee Deferral Account. The balance posted to the record of each Participant, Inactive Participant, or Beneficiary consisting of elective deferrals of the Participant’s Compensation and adjustments as of each Adjustment Date, less any payments therefrom. Each Employee Deferral Account shall include, where appropriate, subaccounts that reflect Employee-directed investments if permitted under Section 9.2.

Section 2.16. Employee Rollover Contribution Account. The balance posted to the record of each Participant, Inactive Participant, or Beneficiary consisting of the Participant’s rollovers to the Plan, pursuant to Section 4.4, and adjustments as of each Adjustment Date. Each Employee Rollover Contribution Account shall include, where appropriate, subaccounts that reflect Employee-directed investments if permitted under Section 9.2.

Section 2.17. Employer. The Company and each adopting Related Employer.

Section 2.18. Employer Discretionary Contribution. An Employer discretionary contribution to the Plan made pursuant to Section 4.3.

Section 2.19. Employer Discretionary Contribution Account. The balance posted to the record of each Participant, Inactive Participant, or Beneficiary consisting of his allocated share of Employer Discretionary Contributions and adjustments as of each Adjustment Date, less any distributions therefrom. An Employer Discretionary Account will include a Number of Shares Subaccount and a Cash Subaccount, as applicable.

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Section 2.20. Employer Matching Contribution. An Employer matching contribution to the Plan made pursuant to Section 4.2.

Section 2.21. Employer Matching Contribution Account. The balance posted to the record of each Participant, Inactive Participant, or Beneficiary consisting of his allocated share of Employer Matching Contributions and adjustments as of each Adjustment Date, less any distributions therefrom. Each Employer Matching Contribution Account shall include, where appropriate, subaccounts that reflect Employee-directed investments if permitted under Section 9.2.

Section 2.22. Employer Stock. Common stock of the Company.

Section 2.23. Entry Date. The first day of each calendar month.

Section 2.24. Fund. Any of the funds allowed as an investment election under Section 9.2.

Section 2.25. Highly Compensated Employee. The term Highly Compensated Employee means highly compensated active Employees and highly compensated former Employees.

A highly compensated active Employee means any Employee who performs service for the Employer or a Related Employer and who (a) was a 5-percent owner (within the meaning of Code Section 416(i)(1) at any time during the Determination Year or the Look-Back Year; or (b) for the Look-Back Year had compensation from the Employer or a Related Employer in excess of the dollar threshold specified by Code Section 414(q)(1)(B)(i), as adjusted for cost-of-living increases in accordance with Code Section 414(q)(1) (e.g., $115,000 for the Plan Year beginning January 1, 2014), and was among the highest paid 20% of Employees for the preceding Plan Year when ranked by Compensation paid for that year excluding, for purposes of determining the number of such Employees, such Employees as the Committee may determine on a consistent basis pursuant to Code Section 414(q)(5).

For purposes of this Section, the Determination Year is the Plan Year for which the determination is being made, and the Look-Back Year is the 12-month period immediately preceding the Determination Year.

A highly compensated former Employee is determined based on the rules applicable to determining highly compensated Employee status as in effect for that Determination Year, in accordance with Treas. Reg. Section 1.414(q)-lT, Q&A-4, and other applicable official guidance.

The determination of who is a Highly Compensated Employee, including the number and identity of Employees in the top-paid group and the compensation that is considered, will be made in accordance with Code Section 414(q) and regulations thereunder.

Section 2.26. Hour of Service.

(a) Each hour for which an Employee is paid, or entitled to payment, for the performance of duties for the Company and any Related Employer. These hours shall be credited to the Employee for the computation period in which the duties are performed.

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(b) Each hour for which an Employee is paid, or entitled to payment, by the Company and any Related Employer on account of a period of time during which no duties are performed (irrespective of whether the employment relationship has terminated) due to vacation, holiday, illness, incapacity (including disability), layoff, jury duty, military duty, or leave of absence; provided, however, that:

(1) No more than 501 hours are required to be credited under this paragraph to an Employee on account of any single continuous period during which the Employee performs no duties (whether or not such period occurs in a single computation period);

(2) An hour for which an Employee is directly or indirectly paid, or entitled to payment, on account of a period during which no duties are performed is not required to be credited to the Employee if such payment is made or due under a plan maintained solely for the purpose of complying with applicable workers’ compensation, unemployment compensation, or disability insurance laws; and

(3) Hours are not required to be credited for a payment which solely reimburses an Employee for medical or medically-related expenses incurred by the Employee.

(c) Each hour for which back pay, irrespective of mitigation or damages, is either awarded or agreed to by the Employer or Related Employer. The same hours shall not be credited both under paragraph (a) or paragraph (b), as the case may be, and under this paragraph (c). Hours for which back pay is awarded or agreed to shall be credited to the Employee for the computation period or periods to which the award or agreement pertains rather than the computation period in which the award, agreement, or payment is made.

(d) Where the Employer or Related Employer maintains the plan of a predecessor employer, service for such predecessor employer shall be treated as service with the Employer or Related Employer.

(e) A salaried Employee who is not paid on an hourly basis shall be credited with 45 Hours of Service for each week during which the Employee would be credited with at least one Hour of Service.

(f) Hours under this Section shall be calculated and credited pursuant to U.S. Department of Labor Regulation Section 2530.200b-2, which is incorporated herein by reference.

(g) Solely for purposes of determining whether a Break in Service has occurred, an Employee or former Employee who is absent from work for maternity or paternity leave shall receive credit either for the Hours of Service, as described in paragraphs (a) through (f) above, which otherwise would have been credited to such Employee or former Employee but for such absence, or in any case in which such Hours of Service cannot be determined, eight Hours of Service per day of absence. The total

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number of Hours of Service credited under this paragraph shall not exceed 501. Hours of Service pursuant to this paragraph shall be credited in the computation period during which the absence begins if doing so would prevent an Employee from incurring a one-year Break in Service in that computation period. In any other case, these hours shall be credited in the following computation period. For purposes of this paragraph, an absence from work for maternity or paternity leave means an absence (1) by reason of pregnancy of the Employee or former Employee, (2) by reason of the birth of a child of the Employee or former Employee, (3) by reason of placement of a child with the Employee or former Employee in connection with the adoption of such child by such Employee or former Employee, or (4) for purposes of caring for such child for a period beginning immediately following such birth or placement. Notwithstanding the above, no credit shall be given for Hours of Service pursuant to this paragraph unless the Employee or former Employee furnishes sufficient information to the Plan Administrator or the Committee to establish that the absence is due to maternity or paternity leave and the number of days of such absence.

(h) Solely for the purpose of determining whether a Break in Service for participation and vesting purposes has occurred, an Employee or former Employee who is absent from work due to a Leave of Absence or service in the uniformed services shall receive credit for 40 Hours of Service per week or eight Hours of Service per working day; provided, however, that the Employee returns to employment with the Employer or Related Employer at the end of the Leave of Absence or within the time period prescribed by law for return from service in the uniformed services.

Section 2.27. Inactive Participant. Any person who was a Participant and terminates employment or otherwise ceases to be a Participant but whose interest in the Trust Fund has not been wholly distributed.

Section 2.28. Leave of Absence. Any absence authorized by the Employer under its standard personnel practices as applied in a uniform and nondiscriminatory manner to all persons similarly situated.

Section 2.29. Limitation Year. The Plan Year.

Section 2.30. Nonhighly Compensated Employee. Any Employee who is not a Highly Compensated Employee.

Section 2.31. Normal Retirement Age. The Participant’s or Inactive Participant’s 65^th birthday.

Section 2.32. Normal Retirement Date. The first day of the month coincident with or next following the date on which a Participant or Inactive Participant attains Normal Retirement Age.

Section 2.33. Number of Shares Subaccount. The balance posted to the record of each Participant, Inactive Participant, or Beneficiary consisting of the number of whole and fractional shares of Employer Stock purchased by or allocated to his accounts.

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Section 2.34. Participant. Every Employee who has met the requirements of Article 3 and who is not an Inactive Participant.

Section 2.35. Plan. The WesBanco, Inc. KSOP as set forth herein and as it may be amended from time to time.

Section 2.36. Plan Administrator. The Company.

Section 2.37. Plan Year. The 12-month period ending on December 31 of each year.

Section 2.38. QDRO. A qualified domestic relations order as described in Code Section 414(p).

Section 2.39. Qualified Employee. Any Employee of an Employer, excluding (a) any individual who is a “leased employee,” as defined in Code Section 414(n)(2), (b) any temporary Employee, and (c) any Employee covered by a collective bargaining agreement between employee representatives and the Employer if retirement benefits were the subject of good faith bargaining between such employee representatives and the Employer and if the collective bargaining agreement does not extend participation in the Plan.

Notwithstanding the immediately preceding sentence, a temporary Employee who has completed at least 1,000 Hours of Service during an applicable computation period shall become a Qualified Employee as of the first day of the month immediately following the last day of such period. For such purposes, such Employee’s first applicable computation period shall be the 12-month period beginning on the date he first completes an Hour of Service. Thereafter, such Employee’s applicable computation period shall be each Plan Year, commencing with the Plan Year that includes the first anniversary of his Date of Employment or Date of Reemployment.

Section 2.40. Qualified Matching Contributions. Employer Matching Contributions that are subject to the distribution and nonforfeitability requirements of Code Section 401(k) when made.

Section 2.41. Qualified Matching Contribution Account. The balance posted to the record of each Participant, Inactive Participant, or Beneficiary consisting of his allocated share of Qualified Matching Contributions and adjustments as of each Adjustment Date, less any distributions therefrom. Each Qualified Matching Contribution Account shall include, where appropriate, subaccounts that reflect Employee-directed investments if permitted under Section 9.2.

Section 2.42. Readily Tradable. “Readily tradable on an established securities market,” as defined in Treas. Reg. Section 1.401(a)(35)-1(f)(5).

Section 2.43. Related Employer. A corporation which is a member of a controlled group of corporations (within the meaning of Code Section 1563(a)(1), (a)(2), and (a)(3)) of which the Company is also a member, any trade or business, whether or not incorporated, that is under common control (within the meaning of Code Section 414(c)) with the Company, any member of an affiliated service group (within the meaning of Code Section 414(m)) that includes the Company, and any other entity required to be aggregated with the Company pursuant to

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regulations prescribed by the Secretary of the Treasury under Code Section 414(o). For purposes of Sections 9.4 and 9.5, however, the phrase “more than 50 percent” shall be substituted for the phrase “at least 80 percent” each place it appears in Code Section 1563(a)(1).

Section 2.44. Trust or Trust Fund. The total of the contributions made pursuant to the Plan by the Employer and Participants and held by the Trustee in a separate Trust, increased by any profits or income thereto, and decreased by any loss or expense incurred in the administration of the Trust and payments therefrom under the Plan.

Section 2.45. Trustee. The bank, trust company, other financial institution, or individual or individuals, holding and managing the Fund according to the terms of the WesBanco Bank, Inc. KSOP Trust Agreement.

Section 2.46. Year of Service. Each Plan Year during which an Employee is credited with at least 1,000 Hours of Service.

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Article 3.

Eligibility and Participation

Section 3.1. Eligibility. All Qualified Employees who were Participants in the Plan on December 31, 2013, shall continue to participate in the Plan as of January 1, 2014. Any other Qualified Employee who has completed 60 days of service after attaining age 21 shall become a Participant at the time specified in Section 3.2.

Section 3.2. Participation. Any Qualified Employee who has satisfied the requirements of Section 3.1 shall be eligible to become a Participant on the Entry Date next following the date on which such requirements are met, unless such Employee separated from service and did not return to employment before his Entry Date.

Once a Qualified Employee becomes a Participant, he shall remain a Participant until his employment with an Employer terminates, regardless of the number of Hours of Service he completes in a Plan Year.

A Qualified Employee who terminates employment after meeting the requirements of Section 3.1 and is rehired by an Employer shall be eligible to become a Participant on the later of his Date of Reemployment or his original Entry Date.

Section 3.3. Transfer to or from Eligible Class of Employees. If a Participant is no longer a Qualified Employee and becomes an Inactive Participant and ineligible to participate but has not incurred a Break in Service, such individual shall be eligible to participate again immediately upon becoming a Qualified Employee.

If an Employee who is not a Qualified Employee becomes a Qualified Employee, such Employee shall be eligible to participate on the later of the date he becomes a Qualified Employee, if such Employee otherwise previously would have become a Participant, and his original Entry Date.

Section 3.4. Service with a Related Employer. A Participant who transfers employment to a Related Employer that has not adopted the Plan shall remain covered by the Plan but shall become an Inactive Participant and share in Employer contributions only until the end of the Plan Year in which such transfer occurs. Such contributions shall be determined by taking into account only Compensation received while a Participant. If an Inactive Participant is transferred again to the Employer, he shall be eligible to participate in the Plan on his date of transfer. If an Inactive Participant remains in the employ of a Related Employer that has not adopted the Plan until his termination of employment, his benefits shall be calculated based on the provisions of Articles 5 and 7.

Section 3.5. Service as a Leased Employee. Each “leased employee,” within the meaning of Code Section 414(n)(2), shall be considered an Employee or an employee of a Related Employer, as appropriate, for purposes of determining whether the Plan satisfies the minimum coverage requirements of Code Section 410(b). Notwithstanding the foregoing, a leased employee shall not be so considered if the leased employee is covered by a money

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purchase pension plan providing for a nonintegrated employer contribution of at least 10 percent of compensation, full and immediate vesting, and immediate participation, and leased employees do not constitute more than 20 percent of the Employer’s Nonhighly Compensated Employee work force.

If a leased employee is subsequently hired as an Employee, service while a leased employee shall be considered when determining such Employee’s Years of Service.

Section 3.6. Qualified Military Service. Notwithstanding any provisions of the Plan to the contrary, effective December 12, 1994, the Plan will provide contributions, benefits, and service credit with respect to qualified military service in accordance with Code Section 414(u).

In addition, for purposes of any benefit payable to a surviving spouse or a Beneficiary of a Participant or Inactive Participant, with respect to a Participant’s or Inactive Participant’s death on or after January 1, 2007, while the Participant or Inactive Participant was performing qualified military service (as defined in Code Section 414(u)), the surviving spouse or Beneficiary, as the case may be, of the deceased Participant or Inactive Participant shall be entitled to any death benefit (other than benefits that may have accrued during the period of qualified military service) provided under the Plan as if the Participant or Inactive Participant had returned to employment with the Employer and then incurred a termination of employment with the Employer on account of his death.

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Article 4.

Contributions

Section 4.1. Employee Deferrals. A Qualified Employee who has met the requirements of Section 3.1 may elect to defer whole percentages between 1 percent and 50 percent of his Compensation (or such larger or smaller percentage as may, from time to time, be set by the Committee) during the Plan Year for which the election is being made. If such election is not made prior to the first Entry Date following eligibility, then he shall be eligible to make a deferral election in accordance with procedures established by the Committee, such election to be effective as soon as administratively feasible after such deferral election is made. The election shall specify the percentage to be deferred and contributed to the Trust.

Notwithstanding the preceding paragraph, any Qualified Employee hired on or after January 2, 1999, shall be deemed to have elected to defer 1 percent (3 percent, for Qualified Employees hired after December 31, 2003) of his Compensation into the Plan effective as of the first Entry Date following completion of the eligibility requirements under Section 3.1 unless the Qualified Employee makes an affirmative election not to make a deferral contribution or elects a different deferral amount.

Except as otherwise provided in the next paragraph, in no event shall a Participant’s deferrals to this Plan or any other qualified plan maintained by the Employer during any calendar year exceed the dollar limit under Code Section 402(g) in effect for such calendar year.

Notwithstanding anything in the Plan to the contrary, Participants who would attain age 50 before the end of the Plan Year shall be eligible to make catch-up contributions in accordance with, and subject to the limitations of, Code Section 414(v). Such catch-up contributions shall not be taken into account for purposes of the provisions of the Plan implementing the required limitations of Code Sections 402(g) and 415. The Plan shall not be treated as failing to satisfy the provisions of the Plan implementing the requirements of Code Sections 401(a)(4), 401(k)(3), 401(k)(11), 410(b), or 416, as applicable, by reason of the making of such catch-up contributions.

A Participant may change his deferral percentage in accordance with procedures established by the Committee, effective as soon as administratively feasible after such change is made.

For purposes of this Section, Compensation used for determining the amount of any deferral shall be Compensation for the Plan Year for which such election is made, including any increases in Compensation during the Plan Year.

Deferrals made pursuant to this Section shall be paid to the Trustee and credited to the Participant’s Employee Deferral Account. Any amounts not elected to be deferred shall be paid to the Participant as current Compensation.

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Notwithstanding the above, a Participant who has received a hardship distribution described in Section 8.2 shall not be eligible to make deferrals during the six-consecutive month period beginning on the date of the distribution.

A Participant may assign to the Plan any deferrals made during a taxable year that exceed the dollar limitation under Code Section 402(g)(1)(B), as adjusted for cost-of-living increases in accordance with Code Section 402(g)(4) (e.g., $17,500 for the Plan Year beginning January 1, 2014) (“excess deferrals”), by notifying the Plan Administrator in writing on or before March 1 of the year following the year in which the deferrals were made of the amount of such excess deferrals to be assigned to the Plan. A Participant shall be deemed to have notified the Plan Administrator of excess deferrals to the extent the Participant has excess deferrals for a taxable year determined by taking into account only elective deferrals under the Plan and other qualified plans maintained by the Employer.

Notwithstanding any other provision of the Plan, the excess deferrals assigned to the Plan, plus any income and minus any loss allocable thereto, shall be distributed no later than April 15 to any Participant who assigned such excess deferrals to the Plan for the preceding year.

The income or loss allocable to excess deferrals shall be calculated under the same method used under Section 9.3 to allocate income or loss to Participants’ accounts. Alternatively, the income or loss allocable to excess deferrals shall be calculated by multiplying the income or loss allocable to the Participant’s Employee Deferral Account for the Participant’s taxable year by a fraction, the numerator of which is the Participant’s excess deferrals for the year and the denominator of which is the balance of the Participant’s Employee Deferral Account at the beginning of the taxable year plus the Participant’s deferrals for the taxable year.

Section 4.2. Employer Matching Contributions. The Employer shall contribute to the Trust on behalf of each Participant Employer Matching Contributions equal to 100 percent of the first three percent, and 50 percent of the next two percent, of Compensation deferred by the Participant during the Plan Year (including catch-up contributions under Section 4.1). The Employer Matching Contributions shall apply to the Plan Year as a whole, but shall be made and allocated as of Adjustment Dates in the Plan Year to the Participants who made deferrals of Compensation during the Plan Year.

Section 4.3. Employer Discretionary Contributions. In addition to Employer Matching Contributions, the Employer may contribute to the Trust for each Plan Year such amount as the Board shall determine for such Plan Year; provided, however, that the total contributions for any such Plan Year shall not exceed the maximum amount deductible by the Employer for such Plan Year for federal income tax purposes, including any credit carry-over from one or more prior Plan Years. Such Employer Discretionary Contributions may be paid to the Trust in cash or shares of Employer Stock, as determined by the Board.

If an Employee does not receive an allocation due to clerical error or other reasonable cause, the Employer may contribute to the Trust such amount as the Committee shall determine, as approved by the Board.

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As of the December 31 Adjustment Date, the Employer Discretionary Contributions and any forfeitures under Article 7 shall be allocated among Participants employed on the last day of the Plan Year who completed a Year of Service, or who were on a Leave of Absence during the Plan Year, in the same proportion that each such Participant’s Compensation bears to the total Compensation of all such Participants for such Plan Year. Employer Discretionary Contributions and forfeitures shall be allocated to a Participant’s Employer Discretionary Contribution Account.

Section 4.4. Rollover Contributions. With the consent of the Committee, a Qualified Employee who has been a participant in a qualified retirement plan, an annuity contract under Code Section 403(b), an eligible plan under Code Section 457(b) that is maintained by a state, political subdivision of a state, or any agency or instrumentality of a state or political subdivision of a state, or an individual retirement account or annuity described in Code Section 408(a) or 408(b) (an “eligible plan”), may directly roll over to the Plan all or any portion of an eligible rollover distribution (other than after-tax contributions) from such eligible plan. Such rollover contributions will be fully vested at all times. Any such rollover contributions shall be held in a separate Employee Rollover Contribution Account in the name of the Participant and shall reflect the net earnings or net losses of the Trust Fund. However, such contributions may be commingled for investment purposes and invested in the same manner as other Trust assets. Notwithstanding the foregoing, no amount may be transferred to the Plan from another eligible plan if, as a result of such transfer, the Plan would be required to comply with Code Section 401(a)(11) as a transferee plan.

An “eligible rollover distribution” is any distribution of all or any portion of the balance to the credit of the Qualified Employee, except that an eligible rollover distribution does not include any distribution that is one of a series of substantially equal periodic payments (not less frequently than annually) made for the life (or life expectancy) of the Qualified Employee or the joint lives (or joint life expectancies) of the Qualified Employee and the Qualified Employee’s designated Beneficiary, or for a specified period of ten years or more; any distribution to the extent such distribution is required under Code Section 401(a)(9); and any hardship distribution.

Section 4.5. Return of Employee Deferrals. Each Participant shall at all times be fully vested in the amount in his Employee Deferral Account, but a Participant or his Beneficiary shall be entitled to payment of the amount credited to such account only upon the occurrence of an event described in; and in accordance with, this Article 4 or Articles 5, 6, or 7.

Section 4.6. ADP/ACP Tests. The Plan uses the matching safe harbor contributions method of Section 401(k)(12) of the Code and, therefore, is deemed to satisfy the actual deferral percentage test requirements of Section 401(k)(3)(A)(ii) of the Code (“ADP Test Safe Harbor”) and, in accordance with Section 401(m)(11) of the Code, the actual contribution percentage test requirements of Section 401(m)(2) of the Code (“ACP Test Safe Harbor”).

(a) The Plan shall satisfy the notice requirement of Treas. Reg. Section 1.401(k)-3(d).

(b) Except as provided in Treas. Reg. Sections 1.401(k)-3(e) and 1.401(k)-3(f), the Plan will fail to satisfy the requirements of Section 401(k)(12) of the

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Code and this Plan Section for a Plan Year unless such provisions remain in effect for an entire 12-month Plan Year. Notwithstanding the foregoing, if the Plan has a short Plan Year as a result of a change in its Plan Year, then the Plan will not fail to satisfy the requirements of this Plan Section merely because the Plan Year is less than 12 months, provided that (1) the Plan satisfied the ADP Test Safe Harbor and ACP Test Safe Harbor requirements for the immediately preceding Plan Year; and (2) the Plan satisfies the ADP Test Safe Harbor and ACP Test Safe Harbor requirements (determined without regard to Treas. Reg. Section 1.401(k)-3(g)) for the immediately following Plan Year (or for the immediately following 12 months if the immediately following Plan Year is less than 12 months).

(c) For such period as the ADP Test Safe Harbor contribution being made to the Plan is an Employer Matching Contribution (or any ACP Test Safe Harbor Employer Matching Contribution) that is made separately with respect to each payroll period (or with respect to all payroll periods ending with or within each month or quarter of a Plan Year) taken into account under the Plan for the Plan Year, then such Employer Matching Contributions with respect to any Employee elective deferrals made during a Plan Year quarter must be contributed to the Plan by the last day of the immediately following Plan Year quarter.

(d) The Company may amend the Plan during a Plan Year to reduce or eliminate prospectively any or all Employer Matching Contributions (including ADP Test Safe Harbor Matching Contributions and/or ACP Test Safe Harbor Employer Matching Contributions), provided that:

(1) The Plan Administrator provides a supplemental notice to Participants which explains the consequences of the amendment, specifies the amendment’s effective date, and informs Participants that they will have a reasonable opportunity to modify their elective deferral elections;

(2) Participants have a reasonable opportunity (including a reasonable period after receipt of the supplemental notice) prior to the effective date of the amendment to modify their elective deferral elections; and

(3) The amendment is not effective earlier than the later of (A) 30 days after the Plan Administrator provides such supplemental notice; or (B) the date the Company adopts the amendment.

(e) If the Company amends the Plan to eliminate or reduce any Employer Matching Contribution effective during the Plan Year, the Company shall continue to apply all of the ADP Test Safe Harbor and ACP Test Safe Harbor requirements of the Plan until the amendment becomes effective, and also shall apply for the entire Plan Year (1) the actual deferral percentage test described in Treas. Reg. Section 1.401(k)-2(a)(1) using the current year testing method described in Treas. Reg. Section 1.401(k)-2(a)(2)(ii); and (2) the actual contribution percentage test described in Treas. Reg. Section 1.401(m)-2(a)(1) using the current year testing method described in Treas. Reg. Section 1.401(m)-2(a)(2)(ii).

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(f) The Company may terminate the Plan during a Plan Year in accordance with the Plan termination provisions of the Plan and this subsection (f). If the Company’s termination of the Plan results in a short Plan Year, and the termination is on account of an acquisition or disposition transaction described in Section 410(b)(6)(C) of the Code, or if the termination is on account of the Company’s substantial business hardship that is comparable to a substantial business hardship described in Section 412(c) of the Code, then the Plan remains an ADP Test Safe Harbor and ACP Test Safe Harbor Plan, provided that the Plan satisfies the ADP Test Safe Harbor and ACP Test Safe Harbor provisions through the effective date of the Plan termination. If the Company terminates the Plan for any reason other than as described in the preceding sentence, and the termination results in a short Plan Year, the Company must conduct the termination under the provisions of subsections (d) and (e), above, except that the Company need not provide Participants with the right to change their elective deferral elections.

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Article 5.

Benefits

Section 5.1. Normal Retirement and Delayed Retirement Date. A Participant who is employed by an Employer or Related Employer shall be eligible to retire and receive a retirement benefit effective as of his Normal Retirement Date. If the Participant remains in the employ of the Employer after his Normal Retirement Date, he shall continue to be a Participant in the Plan until his actual retirement. The Participant’s benefit shall be available for distribution as soon as administratively feasible after the Adjustment Date coincident with or next succeeding such retirement.

Section 5.2. Early Retirement. A Participant or Inactive Participant who is employed by an Employer or Related Employer and who has not attained his Normal Retirement Date shall be eligible to retire and receive a retirement benefit effective as of the earlier of (a) the first day of the month following the later of (1) attainment of age 60 and completion of 15 Years of Service, or (2) the tenth anniversary of the date he commenced participation in the Plan, and (b) the date on which he retires pursuant to an early retirement incentive window offered by the Employer. Subject to the provisions of Section 5.6, the Participant’s or Inactive Participant’s benefit shall be payable to him pursuant to Section 5.4.

Section 5.3. Disability Retirement. A Participant or Inactive Participant who is employed by an Employer or Related Employer and who has not attained his Normal Retirement Date shall be eligible to retire and receive a retirement benefit effective as of the first day of the month following the date of the Participant’s or Inactive Participant’s termination of service with the Company and all Related Employers as a result of permanent disability. For this purpose, “permanent disability” shall mean disability for which such Participant or Inactive Participant is eligible for and receiving Social Security disability benefits. Subject to the provisions of Section 5.6, such Participant’s or Inactive Participant’s benefit shall be payable to him pursuant to Section 5.4.

Section 5.4. Method of Settlement. Except as otherwise provided by Section 8.5, each Participant or Inactive Participant may elect to have his vested account balance distributed in accordance with Section 5.1, 5.2, 5.3, or 8.1 in a single lump sum, in approximately equal annual installments, or in a combination thereof. If distribution is made in installments, the total amount credited to the accounts of a Participant or Inactive Participant shall remain in the Fund and shall be adjusted as of each Adjustment Date as provided in the Plan, and the installments shall be modified annually to reflect such adjustments. If the Participant or Inactive Participant dies prior to the exhaustion of his accounts, the payments shall continue to his Beneficiary in the manner chosen by the Participant or Inactive Participant, subject to the provisions of Article 6.

In no event shall payments under the installment method extend beyond the latest of the lifetime of the Participant or Inactive Participant, the lifetime of the Participant or Inactive Participant and the Participant’s or Inactive Participant’s Beneficiary, the life expectancy of the Participant or Inactive Participant, or the joint life expectancies of the Participant or Inactive Participant and his Beneficiary.

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The value of any account balance for purposes of any distribution made under this Plan shall be determined as of the Adjustment Date on which such distribution is processed.

Section 5.5. Commencement of Benefits.

(a) Unless a Participant or Inactive Participant elects otherwise, benefits under the Plan must begin no later than the 60th day after the close of the Plan Year in which the latest of the following events occurs:

(1) the Participant or Inactive Participant attains Normal Retirement Age,

(2) the Participant or Inactive Participant service with the Company and all Related Employers terminates, or

(3) the tenth anniversary of the year in which the Participant or Inactive Participant commences participation in the Plan.

A Participant or Inactive Participant may elect to defer payment until his Required Beginning Date, as defined below.

(b) Benefits for a Participant or Inactive Participant must begin no later than the earlier of the time specified in paragraph (a) above or the Participant’s or Inactive Participant’s Required Beginning Date, as defined in paragraph (c) below.

(c) The Required Beginning Date of a Participant or Inactive Participant is April 1 of the calendar year following the later of the calendar year in which the Participant or Inactive Participant attains age 70 ¹⁄₂ or the calendar year in which the Participant or Inactive Participant retires, except that benefit distributions to a 5-percent owner must commence by the April 1 of the calendar year following the calendar year in which the Participant or Inactive Participant attains age 70 ¹⁄₂.

Notwithstanding the preceding paragraph, any Participant or Inactive Participant (other than a 5-percent owner) attaining age 70 ¹⁄₂ in calendar years after 1995 and before 1999 may elect by April 1 of the calendar year following the calendar year in which he attained age 70 ¹⁄₂ (or by December 31, 1997, in the case of a Participant or Inactive Participant attaining age 70 ¹⁄₂ in 1996) to defer distributions until the calendar year following the calendar year in which he retires. If no such election is made, the Participant or Inactive Participant will begin receiving distributions by the April 1 of the calendar year following the calendar year in which he attained age 70 ¹⁄₂ (or by December 31, 1997, in the case of a Participant or Inactive Participant attaining age 70 ¹⁄₂ in 1996).

For purposes of this Section, a Participant or Inactive Participant is considered a 5-percent owner if he is a 5-percent owner (within the meaning of Code Section 416(i)(1)) without regard to whether the Plan is top-heavy, in any Plan Year beginning with the Plan Year in which he attains age 66 ¹⁄₂.

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(d) Once distributions have begun to a 5-percent owner under this Section, they must continue to be distributed, even if the Participant or Inactive Participant ceases to be a 5-percent owner in a subsequent year.

Section 5.6. Consent Requirement. Notwithstanding any provision of the Plan to the contrary, no distribution shall commence to a Participant or Inactive Participant prior to age 65 without the written consent of the Participant or Inactive Participant, unless his vested account balance does not exceed $5,000. The consent of the Participant or Inactive Participant shall be obtained in writing within the 90-day period ending on the “annuity starting date.” The “annuity starting date” is the first day of the first period for which an amount is paid as an annuity or in any other form.

The Committee shall notify the Participant or Inactive Participant of his rights specified in Treas. Reg. Section 1.411(a)-11(c). The election shall be made in writing no earlier than 90 days, and no later than 30 days, before the benefit commencement date; provided, however, that distribution may commence less than 30 days after the notice described in the preceding sentence is given, if the distribution is one to which Code Sections 401(a)(11) and 417 do not apply and the Plan Administrator clearly informs the Participant or Inactive Participant that he has a right to a period of at least 30 days after receiving the notice to consider the decision of whether or not to elect a distribution (and, if applicable, a particular distribution option), and the Participant or Inactive Participant, after receiving the notice, affirmatively elects a distribution.

The value of a Participant’s or Inactive Participant’s vested account balance for purposes of determining whether such value exceeds $5,000 shall be calculated without regard to the portion of his vested account balance attributable to his Employee Rollover Contribution Account.

Notwithstanding the above, if a Participant’s or Inactive Participant’s vested account balance exceeds $1,000 but does not exceed $5,000, and a distribution is required to be made to the Participant or Inactive Participant pursuant to Section 5.2, 5.3, or 8.1 prior to attaining age 65, then if the Participant or Inactive Participant does not elect to have such distribution paid directly to an eligible retirement plan specified by the Participant or Inactive Participant in a direct rollover or to receive the distribution directly, the Plan Administrator will pay the distribution in a direct rollover to an individual retirement plan designated by the Plan Administrator.

Section 5.7. Special Required Minimum Distribution Election. Notwithstanding anything in this Article V to the contrary, a Participant, Inactive Participant, or Beneficiary who would have been required to receive required minimum distributions for 2009 but for the enactment of Code Section 401(a)(9)(H) (“2009 RMDs”) and who would have satisfied that requirement by receiving distributions that are (a) equal to the 2009 RMDs or (b) one or more payments in a series of substantially equal distributions (that include the 2009 RMDs) made at least annually and expected to last for the life (or life expectancy) of the Participant or Inactive Participant, the joint lives (or joint life expectancy) of the Participant or Inactive Participant and the Participant’s or Inactive Participant’s designated Beneficiary, or for a period of at least ten years (“Extended 2009 RMDs) will receive those distributions for 2009 unless the Participant, Inactive Participant, or Beneficiary chooses not to receive such distributions. Participants, Inactive Participants, and Beneficiaries described in the preceding sentence will be given the opportunity to elect to stop receiving the distributions described in the preceding sentence.

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Section 5.8. Direct Rollovers. Notwithstanding any provision of the Plan to the contrary, a distributee may elect, at the time and in the manner prescribed by the Committee, to have any portion of an eligible rollover distribution paid directly to an Eligible Retirement Plan specified by the distributee in a direct rollover. A direct rollover is a payment by the Plan to the Eligible Retirement Plan specified by the distributee.

An “eligible rollover distribution” is any distribution of all or any portion of the balance to the credit of the distributee, except that an eligible rollover distribution does not include any distribution that is one of a series of substantially equal periodic payments (not less frequently than annually) made for the life (or life expectancy) of the distributee or the joint lives (or joint life expectancies) of the distributee and the distributee’s designated Beneficiary, or for a specified period of ten years or more; any distribution to the extent such distribution is required under Code Section 401(a)(9); and any hardship distribution. For purposes of this Section, a portion of a distribution shall not fail to be an eligible rollover distribution merely because (if applicable) the portion consists of after-tax employee contributions which are not includible in gross income. However, such portion may be transferred only to an individual retirement account or annuity described in Code Section 408(a) or (b), or to a qualified plan described in Code Section 401(a) or annuity contract described in Code Section 403(b) that agrees to account separately for amounts so transferred, including separate accounting for the portion of such distribution which is includible in gross income and the portion of such distribution which is not so includible.

An Eligible Retirement Plan is a qualified trust described in Code Section 401(a); an annuity plan described in Code Section 403(a); an annuity contract described in Code Section 403(b); an individual retirement account described in Code Section 408(a); an individual retirement annuity described in Code Section 408(b); and an eligible plan under Code Section 457(b) which is maintained by a state, political subdivision of a state, or any agency or instrumentality of a state or political subdivision of a state, that accepts the distributee’s eligible rollover distribution and agrees to separately account for amounts transferred into such plan from this Plan. A distributee may, in accordance with Code Section 408A(d)(3), elect to make a qualified rollover contribution to an individual retirement account that is a Roth IRA of any eligible rollover distribution that may be payable under the Plan to such distributee.

A “distributee” means a Participant or Inactive Participant. In addition, the Participant’s or Inactive Participant’s surviving spouse and the Participant’s or Inactive Participant’s spouse or former spouse who is the alternate payee under a QDRO, are distributees with regard to the interest of the spouse or former spouse. Also, a distributee includes the Participant’s or Inactive Participant’s non-spouse designated Beneficiary. In the case of a non-spouse Beneficiary, the direct rollover may only be made to an individual retirement account or annuity described in Code Section 408(a) or (b) that is established on behalf of the designated Beneficiary and that will be treated as an inherited IRA pursuant to the provisions of Code Section 402(c)(11).

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Article 6.

Death Benefits

Section 6.1. Amount and Payment of Death Benefits. Following the death of a Participant or Inactive Participant, his Beneficiary shall be entitled to receive the nonforfeitable balance of the Participant’s or Inactive Participant’s accounts, if any. Such amount shall be paid to the Beneficiary in the manner selected by the Beneficiary, subject to Sections 5.4 and 6.3. If no election is made by the Beneficiary, such amount shall be paid in a lump sum.

Section 6.2. Designation of Beneficiary. Each Participant or Inactive Participant may name a Beneficiary on a form provided by the Plan Administrator and delivered to the Plan Administrator. Such designation may include more than one person with one or more secondary or contingent Beneficiaries and shall be subject to change upon written request of such Participant or Inactive Participant in the same manner as the original designation. If a married Participant or Inactive Participant fails to designate a Beneficiary, he will be deemed to have designated his spouse as his Beneficiary. If a single Participant or Inactive Participant fails to name a Beneficiary, payment will be made to his estate. If a Beneficiary receiving or entitled to receive payment from the Plan dies before receiving all of the payments due him, payment shall be made to the contingent Beneficiary, if any, in a lump sum, and if there is no contingent Beneficiary, payment shall be made to the estate of the Beneficiary in a lump sum. If a contingent Beneficiary receiving or entitled to receive payment from the Plan dies, payment shall be made to the estate of the contingent Beneficiary in a lump sum.

Notwithstanding the above, a married Participant or Inactive Participant shall be deemed to have designated his spouse as his Beneficiary unless the spouse of such Participant or Inactive Participant consents in writing to another named Beneficiary. The spouse’s consent must be witnessed by a Plan representative or a notary public and must acknowledge the effect of another Beneficiary designation. Such consent shall not be required if it is established to the satisfaction of the Plan Administrator that the consent cannot be obtained because there is no spouse, the spouse cannot be located or such other circumstances exist as the Secretary of the Treasury may prescribe by regulations.

Section 6.3. Payment of Death Benefits. Notwithstanding any provision of the Plan to the contrary, any interest to which a designated Beneficiary is entitled will be paid (a) over a period not exceeding the later of the lifetime or life expectancy of the Beneficiary, provided such payment commences within one year after the Participant’s or Inactive Participant’s death, or (b) in its entirety within five years after the Participant’s or Inactive Participant’s death. To the extent that an election under the preceding sentence must be made for 2009, such election may instead be made in 2010. In addition, the five-year period shall be determined without regard to calendar year 2009.

Notwithstanding the above, if the spouse of the Participant or Inactive Participant is the sole designated Beneficiary, the date on which the distribution must take place shall not be earlier than the date on which the deceased Participant or Inactive Participant would have attained age 70 ¹⁄₂; provided, however, that if the surviving spouse dies before the distribution occurs, this Section shall apply as if the spouse were the Participant or Inactive Participant. The spouse may elect to have the distribution occur within the 90-day period following the date of the Participant’s or Inactive Participant’s death.

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If the Participant’s or Inactive Participant’s designated Beneficiary or spouse, if any, does not survive, or if a single Participant or Inactive Participant fails to name a Beneficiary, distribution will be made to the Participant’s or Inactive Participant’s estate within five years after the Participant’s or Inactive Participant’s death.

Section 6.4. QDRO. For purposes of this Article 6, a former spouse will be treated as the spouse to the extent provided under a QDRO and Section 13.1.

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Article 7.

Vesting

Section 7.1. Vesting.

(a) Each Participant and Inactive Participant shall have a fully vested interest in his Employee Deferral Contribution Account, Employer Matching Contribution Account, and Employee Rollover Contribution Account at all times.

(b) Each Participant and Inactive Participant who was hired for the first time by the Employer prior to January 1, 2007, shall be fully vested in his Employer Discretionary Contribution Account upon completion of five Years of Service, attainment of Normal Retirement Age while an Employee, disability retirement, or death while an Employee, and the Participant or Inactive Participant shall not be fully vested in such account before any such event. Prior to attaining full vesting in accordance with the preceding sentence, a Participant or Inactive Participant shall be vested in the applicable percentage of his Employer Discretionary Contribution Account, as follows:

Number of Years of Service	Percentage
less than 2	0%
2	20%
3	40%
4	60%
5	100%

(c) Each Participant or Inactive Participant hired for the first time by the Employer after December 31, 2006, shall be fully vested in his Employer Discretionary Contribution Account upon completion of six Years of Service, attainment of Normal Retirement Age while an Employee, disability retirement, or death while an Employee, and the Participant or Inactive Participant shall not be fully vested in such account before any such event. Prior to attaining full vesting in accordance with the preceding sentence, a Participant or Inactive Participant shall be vested in the applicable percentage of his Employer Discretionary Contribution Account as follows:

Number of Years of Service	Percentage
less than 2	0%
2	20%
3	40%
4	60%
5	80%
6 or more	100%

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Section 7.2. Amendment of Vesting Schedule. No amendment to the Plan shall have the effect of decreasing a Participant’s or Inactive Participant’s vested percentage, or eliminating an optional form of distribution, as of the later of the date the amendment is adopted or the date it becomes effective. If the vesting schedule is amended, each Participant or Inactive Participant with at least three Years of Service may elect to have his vested percentage determined under the Plan prior to amendment during the 60-day period beginning on the latest of (a) the date the amendment is adopted, (b) the date the amendment becomes effective, or (c) the date the Participant or Inactive Participant receives notice of the amendment from the Plan Administrator. With respect to each Participant’s or Inactive Participant’s account balance as of the later of the adoption or effective date of the amendment, the vested percentage of the Participant or Inactive Participant will be the greater of the vested percentage under the old vesting schedule or the vested percentage under the new vesting schedule.

Section 7.3. Forfeitures. If a Participant’s or Inactive Participant’s Employer Discretionary Contribution Account is not vested, it will be forfeited as of the December 31 Adjustment Date of the Plan Year in which the Participant’s or Inactive Participant’s fifth consecutive Break in Service occurs. The amount of any such forfeiture shall be deducted first from the Participant’s or Inactive Participant’s Cash Subaccount, and then from his Number of Shares Subaccount. All forfeitures shall be reallocated to the Employer Discretionary Contribution Accounts of the remaining Participants as of such Adjustment Date as provided in Section 4.3.

Section 7.4. Vesting upon Reemployment. If a former Employee, who at the time of a Break in Service had any vested interest under the Plan, is rehired by an Employer or Related Employer, such rehired Employee’s Years of Service shall include all Years of Service before and after the Break in Service. If a former Employee, who at the time of a Break in Service had no vested interest under the Plan, is rehired by an Employer or Related Employer, such rehired Employee’s Years of Service before the Break in Service shall be excluded if his number of consecutive Breaks in Service equals or exceeds five.

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Article 8.

Distributions

Section 8.1. Termination of Employment before Retirement. If a Participant or Inactive Participant terminates employment with the Company and all Related Employers before he is eligible for a retirement benefit, and his vested interest in all his accounts exceeds $5,000, then his interest shall be held in the Trust until the earlier of the date he elects an early retirement benefit according to Section 5.2 or reaches his Normal Retirement Date, unless he elects an earlier distribution as provided below. At that time, benefits will be paid as provided in Article 5.

Section 8.2. Hardship Distributions. In case of hardship, a Participant may apply to the Committee for distribution of all or a portion of his deferral contributions to his Employee Deferral Account. As used in this Section, a “hardship” will be deemed to exist if the distribution is necessary in light of immediate and heavy financial needs of the Participant and funds to alleviate such financial needs are not reasonably available from other resources of the Participant.

A distribution will be deemed to be made on account of an immediate and heavy financial need of the Participant only if the distribution is on account of:

(a) Expenses for or necessary to obtain medical care that would be deductible by the Participant under Code Section 213(d), for the Participant, the Participant’s spouse, or any dependent of the Participant (determined without regard to whether the expenses exceed 7.5% of adjusted gross income);

(b) Costs directly related to the purchase of a principal residence for the Participant (excluding mortgage payments);

(c) Payment of tuition, related educational fees, and room and board expenses for up to the next 12 months of post-secondary education for the Participant or his spouse, children or dependents (as defined in Code Section 152, without regard to Code Section 152(b)(1), (b)(2), and (d)(1)(B));

(d) Payments necessary to prevent the eviction of the Participant from his principal residence or foreclosure on the mortgage of the Participant’s principal residence;

(e) Payments for burial or funeral expenses for the Participant’s deceased parent, spouse, children or dependents (as defined in Code Section 152, without regard to Code Section 152(d)(1)(B)); or

(f) Expenses for the repair of damage to the Participant’s principal residence that would qualify for the casualty deduction under Code Section 165 (determined without regard to whether the loss exceeds 10% of adjusted gross income).

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A distribution deemed to be necessary to satisfy an immediate and heavy financial need of a Participant is not reasonably available from other resources of the Participant if all of the following requirements are satisfied:

(1) The distribution is not in excess of the amount of the immediate and heavy financial need of the Participant. The amount of an immediate and heavy financial need may include any amount necessary to pay any federal, state, or local income taxes or penalties reasonably anticipated to result from the distribution.

(2) The Participant has obtained all other currently available distributions, (including distribution of ESOP dividends under Code Section 404(k) but not hardship distributions), and all nontaxable (at the time of the loan) loans currently available under all plans maintained by the Employer or Related Employers.

(3) The Participant shall be prohibited from making any contributions to the Plan for a period of six months after receipt of the hardship distribution, and shall similarly be prohibited, under the terms of the applicable plan or an otherwise legally enforceable agreement, from making any contributions to all other plans (within the meaning of Treas. Reg. Section 1.401(k)-1(d)(3)(iv)(F)) maintained by the Employer or Related Employers for a period of at least six months after receipt of the hardship distribution.

If the Committee, based on the above standards, reasonably determines that a hardship exists or is imminent, it may direct the distribution of hardship benefits. The hardship distribution shall be made in a lump sum payment and shall not cause a suspension of Employer contributions, unless otherwise required as a condition of receiving such distribution.

The amount of any hardship distribution under this Section shall not exceed the amount as determined by the Committee to be sufficient to alleviate the hardship.

The Committee shall apply the provisions of this Section on a uniform and consistent basis to all Participants in similar circumstances and shall make any rules and regulations, prescribe the use of such forms, and exercise any other powers it deems necessary properly to carry out the provision and intent of this Section.

Section 8.3. Distributions Prior to Termination of Employment. A Participant or Inactive Participant who has reached age 59 ¹⁄₂ may elect to receive all or any part of his vested account balance without regard to whether he has terminated employment.

Section 8.4. QDRO Distributions. Notwithstanding anything above, a Participant’s or Inactive Participant’s interest in his accounts may be paid out immediately to an alternate payee under a QDRO pursuant to Section 13.1.

Section 8.5. Small Payments. Subject to Section 5.6, if a Participant’s or Inactive Participant’s vested interest in all his accounts does not exceed $5,000, then his interest shall be paid to him in a lump sum as soon as administratively feasible after his employment with the Company and all Related Employers terminates.

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If a terminated Participant’s or Inactive Participant’s vested interest exceeds $5,000, he may request a distribution to be paid in accordance with Section 5.4 as soon as administratively feasible after his employment terminates.

The value of a Participant’s or Inactive Participant’s vested account balance for purposes of determining whether such value exceeds $5,000 shall be calculated without regard to the portion of his vested account balance attributable to his Employee Rollover Contribution Account.

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Article 9.

Accounts

Section 9.1. Committee Responsibility. The Committee shall determine the Participants, Inactive Participants, and Beneficiaries who are entitled to one or more of the allocations hereinafter described, and it shall, as of each Adjustment Date, prepare a statement showing the information necessary to make the proper allocation. This information shall include the full names of all Participants, Inactive Participants, and Beneficiaries, the amount of Employer Matching Contributions and Employer Discretionary Contributions, the amount of each Participant’s deferral and rollover contributions, and the names of the Inactive Participants whose employment has terminated.

The Committee shall maintain for each Participant and Inactive Participant a separate Employee Deferral Account to record his interest in the Trust Fund attributable to his deferrals, a separate Employer Matching Contribution Account to record his interest in the Trust Fund attributable to Employer Matching Contributions, a separate Employer Discretionary Contribution Account to record his interest in the Trust Fund attributable to Employer Discretionary Contributions, and a separate Employee Rollover Contribution Account to record his interest in the Trust Fund attributable to Employee rollover contributions.

The accounts of each Participant and Inactive Participant shall be made up of subaccounts reflecting his investment elections. Each subaccount shall be adjusted as provided in Section 9.3.

Section 9.2. Investment Elections. Each Participant and Inactive Participant shall elect the manner in which his deferral contributions, Employer Matching Contributions, and rollover contributions, as well as his Employee Deferral Account, Employer Matching Contribution Account, and Employee Rollover Contribution Account, are to be invested. Investment elections shall be made in one percent increments according to uniform procedures established by the Company.

The Company shall, from time to time, designate the investment funds available for investments pursuant to this Section.

Section 9.3. Account Adjustments. The accounts of each Participant, Inactive Participant, and Beneficiary shall be valued based on the value or number of shares of each Fund comprising such accounts. The fair market value of each Fund shall be determined each Adjustment Date. When a Participant’s accounts are credited with an allocation of any Employee elective deferrals, Employer contributions, and rollover contributions in accordance with the terms of the Plan, the value of such allocation shall be used to purchase units or shares and added to such Participant’s accounts. When any distribution, withdrawal, or transfer among Funds is charged against the accounts of a Participant, Inactive Participant, or Beneficiary in accordance with the terms of the Plan, the number of units or shares equal in value to the amount paid from such accounts shall be deducted from the outstanding units or shares.

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Section 9.4. Limitation on Annual Additions. Notwithstanding the foregoing, and except as provided in Section 4.1 and Code Section 414(v), annual additions to each Participant’s accounts under all defined contribution plans sponsored by the Company and any Related Employer for any Limitation Year shall not exceed the lesser of the dollar limit under Code Section 415(c)(1)(A), as adjusted to reflect any cost of living increases pursuant to Code Section 415(d) (e.g., $52,000 for the Plan Year beginning January 1, 2014), or 100 percent of the Participant’s Compensation (as defined below) for such Limitation Year; provided, however, that if no more than one-third of the Employer Discretionary Contributions for a Plan Year that are deductible under Code Section 404(a)(9) are allocated to Highly Compensated Employees, such limits shall not apply to forfeitures of Employer Stock acquired with the proceeds of a loan pursuant to Article 16 or Employer Discretionary Contributions that are deductible under Code Section 404(a)(9)(B) and charged against a Participant’s account. If the annual additions to a Participant’s accounts nevertheless exceeds the amount that may be applied for the Participant’s benefit under the limitations described in the preceding sentence, the limitations shall be satisfied using any appropriate correction method provided under the Internal Revenue Service Employee Plans Compliance Resolution System, or any successor program, as described in the Preamble to the final regulations under Section 415 of the Code issued on April 4, 2007.

Compensation, for purposes of this Section, shall mean a Participant’s earned income, wages, salaries, fees for professional services, and other amounts received (without regard to whether or not an amount is paid in cash) for personal services actually rendered in the course of employment with the Employer and (solely for purposes of Code Section 415) Related Employers to the extent that the amounts are includable in gross income (including, but not limited to, commissions paid salesmen, compensation for services on the basis of a percentage of profits, commissions on insurance premiums, tips, bonuses, fringe benefits, reimbursements, and expense allowances), and excluding the following:

(a) Company or Related Employer contributions to a plan of deferred compensation which are not included in the Employee’s gross income for the taxable year in which contributed or contributions by the Company or Related Employer under a simplified employee pension plan to the extent such contributions are deductible by the Employee, or any distributions from a plan of deferred compensation;

(b) Amounts realized from the exercise of a nonqualified stock option, or when restricted stock (or property) held by the Employee either becomes freely transferable or is no longer subject to a substantial risk of forfeiture;

(c) Amounts realized from the sale, exchange, or other disposition of stock acquired under a qualified stock option;

(d) Other amounts which received special tax benefits, or contributions made by the Company or Related Employer (whether or not under a salary reduction agreement) towards the purchase of an annuity described in Code Section 403(b) (whether or not the amounts are actually excludable from the gross income of the Employee).

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For purposes of applying the limitations of this Section, Compensation paid or made available during such Limitation Year shall include any elective deferral (as defined in Code Section 402(g)(3)), and any amount which is contributed or deferred by the Employer at the election of the Employee and which is not includible in the gross income of the Employee by reason of Code Sections 125, 132(f), or 457.

Compensation for any Limitation Year is the Compensation actually paid or includable in gross income during such year. Compensation for a Limitation Year shall also include Compensation paid by the later of two and one-half (2 ¹⁄₂) months after a Participant’s severance from employment with the Company and all Related Employers or the end of the Limitation Year that includes the date of the Participant’s severance from employment, if:

(a) the payment is regular compensation for services during the Participant’s regular working hours, or compensation for services outside the Participant’s regular working hours (such as overtime or shift differential), commissions, bonuses, or other similar payments, and, absent a severance from employment, the payments would have been paid to the Participant while he continued in employment;

(b) the payment is for unused accrued bona fide sick, vacation, or other leave that the Participant would have been able to use if employment had continued; or

(c) the payment is received by the Participant pursuant to a nonqualified unfunded deferred compensation plan and would have been paid at the same time if employment had continued, but only to the extent includible in the Participant’s gross income.

Notwithstanding the preceding paragraph, Compensation shall also include payments to an individual who does not currently perform services for the Company or any Related Employer by reason of qualified military service (within the meaning of Code Section 414(u)(1)) to the extent these payments do not exceed the amounts the individual would have received if the individual had continued to perform services for the Company or any Related Employer rather than entering qualified military service.

Any payments not described in the preceding two paragraphs shall not be considered Compensation for purposes of this Article if paid after severance from employment with the Company and all Related Employers.

Back pay, within the meaning of Treas. Reg. Section 1.415(c)-2(g)(8), shall be treated as Compensation for the Limitation Year to which the back pay relates to the extent the back pay represents wages and compensation that would otherwise be included under this definition.

Compensation for any Limitation Year shall not include any amounts that exceed the compensation limit under Code Section 401(a)(17) that applies to that Limitation Year.

Annual additions shall mean the aggregate of Employer contributions, Employee elective deferrals, forfeitures, and the Participant’s voluntary contributions allocated to each Participant’s account during the Limitation Year (excluding any catch-up contributions, rollover contributions, loan repayments, and other amounts excluded as annual additions in accordance with Code

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Section 415 and Treasury regulations thereunder), and forfeitures allocated to each Participant’s accounts under the Plan and any other plan that is required to be aggregated with the Plan under Code Section 415 during the Limitation Year in question. Annual additions shall also include amounts allocated, after March 31, 1984, to an individual medical account, as defined in Code Section 415(l)(2), which is part of a pension or annuity plan maintained by the Company or any Related Employer, and amounts derived from contributions paid or accrued after December 31, 1985, in taxable years ending after such date, which are attributable to post-retirement medical benefits allocated to the separate account of a “key employee,” as defined in Code Section 419A(d)(3), under a welfare benefit fund, as defined in Code Section 419(e), maintained by the Company or any Related Employer.

Section 9.5. Loans to Eligible Participants, Inactive Participants, and Beneficiaries.

(a) At the request of a Participant, Inactive Participant, or Beneficiary to whom loans must be made available under U.S. Department of Labor regulations, the Committee, in its sole discretion, may lend such individual an amount which, when added to the individual’s outstanding loans from this Plan and any other plan maintained by this Employer or a Related Employer, is not in excess of the lesser of:

(1) $50,000, reduced by the excess (if any) of:

(A) The highest outstanding balance of loans from the Plan during the one-year period ending on the day before the date on which such loan was made, over

(B) The outstanding balance of loans from the Plan on the date on which such loan was made, or

(2) 50 percent of his vested interest in his account balances as of the Adjustment Date coinciding with or immediately preceding the date of the loan.

In no event, however, shall a loan be made to an individual if the granting of such loan would cause the Plan to violate the nondiscrimination requirements of Code Section 401(a)(4). All decisions by the Committee on loan applications shall be made on a reasonably equivalent, uniform, and nondiscriminatory basis. However, the Committee may apply different terms and conditions for eligible borrowers who are not actively employed by the Employer, or for whom payroll deduction is not available, and the Committee may change the terms of an outstanding loan to the extent required by applicable law.

(b) All loans made pursuant to paragraph (a) above must be in accordance with the following loan procedures:

(1) Responsible Party. The Committee shall be responsible for all loans made under the Plan. The Committee may, however, establish a loan committee to assist the Committee in administering the loan program.

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(2) Loan Application. An application for a loan shall be made to the Committee’s representative in a form approved by the Committee.

(3) Amount of Loan. The minimum loan amount shall be $1,000. The maximum loan amount shall be governed by this Section.

(4) Interest Rate. Each loan shall bear interest at a reasonable rate established by the Committee as of the date the loan is made. Such rate must be commensurate with the interest rates charged by persons in the business of lending money for loans that would be made under similar circumstances.

(5) Term of Loan. Except as otherwise provided below, the term of any loan shall be set by mutual agreement between the Committee and the borrower, but such term shall in no event exceed five years. Notwithstanding the above, the term of any loan used to acquire a principal residence of the borrower may exceed five years, but shall in no event exceed ten years.

(6) Collateral. Each loan shall be made against collateral, such collateral being the assignment of up to 50 percent of the borrower’s entire right, title, and vested interest in and to his Employee Deferral Account, Employer Matching Contribution Account, and Employee Rollover Contribution Account supported by the borrower’s promissory note for the amount of the loan, including interest, payable to the order of the Trustee. For loans used to acquire a principal residence of the borrower, additional collateral in the form of a mortgage against the principal residence in question may be required.

(7) Loan Repayment. Repayment of loans shall be made in equal quarterly, monthly, semi-monthly, or weekly installments by payroll deduction, cash, or both as specified in the loan agreement. Substantially level amortization (with payments not less frequently than quarterly) is required over the term of the loan. A borrower who is on an unpaid leave of absence must continue to make loan repayments.

(8) Number of Loans. A borrower may have only two loans outstanding at any one time. A borrower may receive more than one loan per year.

(9) Effect on Plan Assets. In the event of a loan, the amount of such loan shall be removed first from the borrower’s Employee Deferral Account, and then from his Employer Matching Contribution and Employee Rollover Contribution Account, and transferred to a special loan account in the name of the borrower. As of each Adjustment Date following the making of the loan and until the loan is repaid, all payments on the loan, including interest, shall be reallocated from the borrower’s loan account to the accounts specified in the preceding sentence in the same order of removal in accordance with the borrower’s investment election in effect at that time.

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(10) Default. In the event payments of principal and interest are not made on a timely basis, the Committee may either call the loan in full or charge a late penalty fee at such rate as the Committee shall establish from time to time. If a loan is called due to a default in payment of principal and interest, the outstanding balance of the loan plus interest will be deducted from the borrower’s loan account at the time the borrower or his Beneficiary receives a distribution from the Plan.

(11) Loan Acceleration. All loans which a borrower has outstanding will be immediately due and payable if the borrower terminates employment. At that time, the current outstanding balance of such loans, including interest, will be deducted from his loan account.

(12) Loan Origination Fee. Each borrower shall be assessed a loan origination fee in such amount as the Committee shall determine which shall be collected at the time the loan is made.

(13) Modification of Loan Procedures. The Committee may from time to time add to, delete, or otherwise modify these loan procedures in such manner as the Committee deems appropriate.

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Article 10.

Top-Heavy Plan Provisions

Section 10.1. Determination Date. If, as of the Determination Date, the Plan is a Top-Heavy Plan, as defined in Section 10.2, the provisions of this Article 10 shall apply.

The Determination Date with respect to any Plan Year shall be the last day of the preceding Plan Year.

Section 10.2. Top-Heavy Plan.

(a) The Plan shall be considered a Top-Heavy Plan if, as of the Determination Date, either:

(1) the aggregate of all account balances of Key Employees under the Plan exceeds 60 percent of the sum of all accounts of all Employees under the Plan excluding former Key Employees; or

(2) the Plan is part of a Top-Heavy Group, as defined in Section 10.5.

Notwithstanding anything in this paragraph (a) to the contrary, if the Plan is part of an aggregation group, as defined in Section 10.5, that is found not to be Top-Heavy, then the Plan shall not be a Top-Heavy Plan.

(b) When determining whether the Top-Heavy rules apply for any Plan Year:

(1) Rollover contributions initiated by an Employee and accepted by the Plan after December 31, 1983, will not be recognized with respect to the Plan if such contributions came from a plan not maintained by the Employer or a Related Employer.

(2) Any account balances for an Employee who is not currently a Key Employee, but at one time was a Key Employee, shall not be recognized for the Plan Year ending on the Determination Date.

(3) The account balances for an Employee shall include aggregate distributions made with respect to such Employee under the Plan during the 1-year period ending on the Determination Date, except for the distributions made to former Key Employees excluded above, and distributions rolled over to a plan maintained by the Employer or a Related Employer. The preceding sentence shall also apply to distributions under a terminated plan which, had it not been terminated, would have been aggregated with the Plan under Code Section 416(g)(2)(A)(i). In the case of a distribution made for a reason other than severance from employment, death, or disability, this provision shall be applied by substituting “5-year period” for “1-year period.”

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(4) If an individual has not performed any services for the Employer or Related Employer at any time during the 1-year period ending on the Determination Date, any accrued benefit or account balance for such individual shall not be taken into account.

Section 10.3. Key Employee. “Key Employee” shall mean any Employee or former Employee (including any deceased Employee) who at any time during the Plan Year that includes the Determination Date was an officer of the Employer or Related Employer having annual Compensation greater than the dollar limit under Code Section 416(i)(1)(A)(i), as adjusted under Code Section 416(i)(1) (e.g., $170,000 for the Plan Year beginning January 1, 2014); a 5-percent owner of the Employer or Related Employer; or a 1-percent owner of the Employer or Related Employer having annual Compensation of more than $150,000. For this purpose, annual Compensation means Compensation within the meaning of Code Section 415(c)(3).

For purposes of this Section, “Employee” shall mean any Employee of the Employer or any employee of a Related Employer if the Plan is part of a Top-Heavy Group with the plan of a Related Employer. “Key Employee” shall include any Beneficiary of a Key Employee, and former Key Employee shall include any Beneficiary of a former Key Employee.

For purposes of this Section, the constructive ownership rules of Code Section 318 shall be applied by substituting “5 percent” for “50 percent” in Code Section 318(a)(2).

For purposes of determining 1 percent and 5 percent ownership, the aggregation rules of Code Section 414(b), (c), and (m) shall not apply.

Notwithstanding anything above, the criteria used in the determination of Key Employees shall be consistent with Code Section 416(i) and the applicable regulations and other guidance of general applicability issued thereunder.

Section 10.4. Non-Key Employee shall mean any Employee who is not a Key Employee.

Section 10.5. Top-Heavy Group.

(a) “Top-Heavy Group” shall mean an aggregation group where the sum, as of the Determination Date, of

(1) the present value of the cumulative accrued benefits for Key Employees under any defined benefit plan included in the group, and

(2) the account balances of Key Employees under any defined contribution plan included in the group,

exceeds 60 percent of the same amount determined for all Employees, excluding former Key Employees, under all plans included in the group. If the Determination Date for each plan in the aggregation group is not the same, then the top-heavy status of the group will be determined by adding the results for each separate plan that fall within the same calendar year. All plans maintained by the Company and Related Employers (including plans that have terminated) during the 5-year period ending on a Determination Date must be considered in determining the Top-Heavy Group as of that Determination Date.

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(b) The aggregation group must include:

(1) any plan of the Employer or a Related Employer in which a Key Employee is a participant, and

(2) any plan of the Employer or a Related Employer on which a plan covering a Key Employee depends for qualification under the requirements of Code Section 401(a)(4) or 410.

At the election of the Company, the aggregation group also may include any plan of the Employer or a Related Employer not required to be included in an aggregation group if such group would continue to meet the qualification requirements of Code Sections 401(a)(4) and 410. If such aggregation group is found not to be Top-Heavy, then no plan shall be considered Top-Heavy. If such aggregation group is found to be Top-Heavy, then all plans in the group, except the plan which was not required to be included, will be considered Top-Heavy.

Section 10.6. Minimum Contributions and Benefits for Top-Heavy Plans. If the Plan is or becomes a Top-Heavy Plan, then, notwithstanding the provisions of Articles 4 and 9, and except as provided in the next paragraph of this Section, the minimum Employer contribution for each Plan Year during which the Plan is a Top-Heavy Plan allocated to each Participant employed by the Employer on the last day of the Plan Year who is a Non-Key Employee shall be three percent of each such Non-Key Employee’s Compensation. The minimum Employer contribution shall be provided to each such Participant regardless of the number of Hours of Service he completes during the Plan Year.

This minimum Employer contribution shall not exceed the percentage of contribution made, or required to be made, for such Plan Year on behalf of the Key Employee for whom such percentage is the highest. The highest percentage shall be determined for each Key Employee by dividing the Employer contribution for such Key Employee by his Compensation.

For the purposes of this Section, amounts contributed as a result of a salary reduction agreement shall be counted as Employer contributions when determining contributions made on behalf of Key Employees.

Employer Matching Contributions shall be taken into account for purposes of satisfying the minimum contribution requirements of Code Section 416(c)(2) and the Plan.

Section 10.7. Top-Heavy Compensation. “Top-Heavy Compensation” shall mean compensation as defined in Code Section 415(c)(3).

Section 10.8. Top-Heavy Year of Service. Top-Heavy Year of Service shall mean a Year of Service excluding Plan Years in which the Plan was not a Top-Heavy Plan and further excluding Years of Service completed in a Plan Year beginning before January 1, 1984.

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Section 10.9. Top-Heavy Group Minimum Contribution. In the case of a Top-Heavy Group consisting of both defined benefit and defined contribution plans, the required minimum Employer contribution for each Top-Heavy Plan Year shall be satisfied by the two percent minimum benefit under the defined benefit plan of the Employer or Related Employer, or a minimum contribution to this Plan equal to five percent of Compensation if the minimum two percent benefit under the defined benefit plan is not provided.

The required minimum accrued benefit or Employer contribution for each Top-Heavy Year of Service for Employees who do not participate in this Plan but who participate in another plan of the Top-Heavy Group shall be satisfied by providing the minimum accrued benefit or contribution under that plan.

If the Employer or Related Employer maintains another qualified plan which provides a minimum benefit or contribution, then the minimum benefit or contribution provided under the Plan shall not, when combined with the benefit or contribution provided by the other plan, exceed the amount required by Code Section 416(c).

Section 10.10. Top-Heavy Minimum Vesting. If the Plan is or becomes a Top-Heavy Plan, then, notwithstanding the provisions of Article 7, a Participant’s or Inactive Participant’s Employer Discretionary Contribution Account shall be 100 percent vested after three Years of Service.

Years of Service for the purposes of vesting in a Top-Heavy Plan shall include all Years of Service, including years prior to January 1, 1984, as well as years during which the Plan is not considered to be a Top-Heavy Plan. When the Plan becomes a Top-Heavy Plan, however, the account balance of any Employee who does not complete one Hour of Service after the Plan becomes Top-Heavy shall not be subject to the minimum vesting schedule for Top-Heavy Plans.

When the Plan ceases to be a Top-Heavy Plan, the vesting schedule shall revert to the schedule specified in Article 7. Such reversion shall be considered a vesting schedule amendment that is subject to the provisions of Section 7.2.

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Article 11.

Administration by Committee

Section 11.1. Membership of Committee. The administrative Committee shall consist of not less than three or more than seven individuals who shall be appointed by the Board to serve at the pleasure of the Board. Any member of the Committee may resign, and his successor, if any, shall be appointed by the Board. The Committee shall be responsible for the general administration and interpretation of the Plan and for carrying out its provisions, except to the extent all or any of such obligations are specifically imposed on the Trustee or the Board. The Committee shall constitute a named fiduciary under the Plan.

Section 11.2. Committee Officers; Subcommittees. The members of the Committee shall elect a Chairman and may elect an acting Chairman. They shall also elect a Secretary and may elect an acting Secretary, either of whom may but need not be a member of the Committee. The Committee may appoint from its membership such subcommittees with such powers as the Committee shall determine and may authorize one or more of its members or any agent to execute or deliver any instrument or to make any payment in behalf of the Committee.

Section 11.3. Committee Meetings. The Committee shall hold such meetings upon such notice, at such places and at such intervals as it from time to time may determine. Notice of meetings shall not be required if notice is waived in writing by all members of the Committee in office at the time or if all such members are present at the meeting.

Section 11.4. Transaction of Business. A majority of the members of the Committee in office at the time shall constitute a quorum for the transaction of business. All resolutions or other actions taken by the Committee at any meeting shall be by vote of a majority of those present and entitled to vote. Resolutions may be adopted or other action taken without a meeting upon written consent thereto signed by all members of the Committee.

Section 11.5. Committee Records. The Committee shall maintain full and complete records of its deliberations and decisions. Its records shall contain all relevant data pertaining to individual Participants, Inactive Participants, and Beneficiaries and their rights under the Plan and in the Fund.

Section 11.6. Establishment of Rules. Subject to the limitations of the Plan and the Act, the Committee from time to time may establish rules and by-laws for the administration of the Plan and the transaction of its business.

Section 11.7. Conflicts of Interest. No individual member of the Committee shall have any right to vote or decide upon any matter relating solely to himself or to any of his rights or benefits under the Plan (except that such member may sign unanimous written consent to resolutions adopted or other action taken without a meeting).

Section 11.8. Authority to Interpret. The Committee shall have the duty and complete discretionary authority to interpret and construe the provisions of the Plan and to decide any dispute which may arise regarding the rights of Participants, Inactive Participants, and Beneficiaries thereunder, which determinations shall apply uniformly to all persons similarly situated and shall be binding and conclusive upon all interested persons.

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Section 11.9. Third Party Advisors. The Committee may engage an attorney, accountant, or any other technical advisor to perform such duties as may be required in connection with the operation of the Plan and may employ such clerical and related personnel as the Committee shall deem requisite or desirable in carrying out the provisions of the Plan.

Section 11.10. Compensation of Members. No fee or compensation shall be paid to any member of the Committee for his services as such.

Section 11.11. Plan Expenses. The Committee shall be entitled to authorize payment out of the Trust Fund for its reasonable expenses properly and actually incurred in the performance of its duties in the administration of the Plan, including the expenses of third party advisors and any expenses incurred in the daily administration of the Plan. Reasonable Plan expenses may be assessed directly against the accounts of Participants and Inactive Participants who have terminated employment with the Company and all Related Employers.

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Article 12.

Allocation of Responsibilities among Named

Fiduciaries, Management of Funds, and

Amendment or Termination of Plan

Section 12.1. Allocation of Responsibilities. The responsibilities allocated to the named fiduciaries are as follows:

(a) Board:

(1) to amend the Plan;

(2) to appoint and remove members of the Committee;

(3) to appoint and remove Trustees under the Plan;

(4) to determine the amount to be contributed to the Plan by the Employer; and

(5) to terminate the Plan.

(b) Committee:

(1) to interpret the provisions of the Plan and determine the rights of Participants, Inactive Participants, and Beneficiaries;

(2) to administer the Plan in accordance with its terms, except to the extent powers to administer the Plan are specifically delegated to another named fiduciary or other person or persons as provided in the Plan;

(3) to account for the accounts of Participants and Inactive Participants; and

(4) to direct the Trustee in the distribution of Trust assets.

(c) Plan Administrator:

(1) to file such reports as may be required to the U.S. Department of Labor, the Internal Revenue Service, and any other government agency to which reports may be required to be submitted from time to time;

(2) to comply with the requirements of the law for disclosure of Plan provisions and other information relating to the Plan to Participants, Inactive Participants, Beneficiaries, and any other interested parties;

(3) to administer the claims procedure, as provided in Article 15;

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(4) to direct the Trustee to withhold from distributions made pursuant to this Plan those amounts required by law; and

(5) to direct the Trustee to make any reports to Participants, Inactive Participants, Beneficiaries, and any other interested parties as may be required by the Act, Code, or other controlling law, rules, or regulations.

(d) Trustee:

(1) to invest and reinvest Trust assets;

(2) to make distributions to Participants, Inactive Participants, and Beneficiaries as directed by the Committee;

(3) to render annual accountings to the Employer as provided in the Trust Agreement; and

(4) otherwise to hold, administer, and control the assets of the Trust as provided in the Plan and Trust Agreement.

Section 12.2. Co-fiduciary Liability. Except as otherwise provided in the Act, a named fiduciary shall not be responsible or liable for acts or omissions of another named fiduciary with respect to fiduciary responsibilities allocated to such other named fiduciary, and a named fiduciary shall be responsible and liable only for its own acts or omissions with respect to fiduciary duties specifically allocated to it and designated as its responsibility.

Section 12.3. Fiduciary Duties. All assets of the Plan shall be held in a Trust forming part of the Plan, which Trust shall be administered as a Fund to provide for the payment of benefits as provided in the Plan to the Participants, Inactive Participants, Beneficiaries, and their successors in interest out of the income and principal of the Trust. All fiduciaries (as defined in the Act) with respect to the Plan shall discharge their duties as such solely in the interest of the Participants, Inactive Participants, Beneficiaries, and their successors in interest and (a) for the exclusive purposes of providing benefits to Participants, Inactive Participants, Beneficiaries, and their successors in interest and defraying reasonable expenses of administering the Plan, including the Trust which is a part of the Plan, (b) with the care, skill, prudence, and diligence under the circumstances then prevailing that a prudent person acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of like character and with like aims, and (c) in accordance with the terms of the Plan and Trust Agreement, except to the extent such documents may be inconsistent with the Act. The assets of the Plan shall never inure to the benefit of the Employer or any Related Employer; provided, however, that forfeitures may be used to reduce Employer contributions.

Employer contributions are expressly conditioned on their deductibility under Code Section 404. To the extent permitted by the Code and the Act, contributions in excess of the deductible amount and contributions made by mistake of fact may be returned to the Employer within one year after the date the deduction is disallowed or the date made due to mistake of fact, whichever is applicable. In either case, such returned contributions shall not be increased by earnings of the Trust and shall not be decreased by any losses.

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Section 12.4. Establishment of Trust. The Company and the Trustee shall enter into an appropriate Trust Agreement, which shall be a part of the Plan, for the administration of the Trust under the Plan. Such Agreement shall contain such powers and reservations as to investment, reinvestment, control, and disbursement of the funds of the Trust, and such other provisions as shall be agreed upon and set forth therein which are not inconsistent with the provisions of the Plan, its nature, and purposes and the Act. Such Trust Agreement shall provide that the Board may remove the Trustee at any time upon reasonable notice, that the Trustee may resign at any time upon reasonable notice, and that the Board shall designate a successor Trustee upon such removal or resignation.

Section 12.5. Committee Instructions. All requests, directions, requisitions, and instructions of the Committee to the Trustee shall be in writing signed by the Secretary of the Committee or any member of the Committee authorized by the majority to sign.

Section 12.6. Right to Amend or Terminate. The Company hereby reserves the right, by action of the Board, to amend or terminate the Plan and Trust or Trust Agreement at any time; provided, however, that no such amendment or termination shall have the effect of diverting the Trust Fund to purposes other than for the exclusive benefit of the Participants, Inactive Participants, Beneficiaries, and their successors in interest. Any action taken by the Board to amend or terminate the Plan shall be taken as action on behalf of the Company as the sponsor of the Plan and not as a fiduciary of the Plan.

Section 12.7. Fiduciary Discretion. In discharging the duties assigned to them under the Plan, the Trustee, Plan Administrator, Committee, and any other fiduciary shall have the duty and discretionary authority to adopt, amend, and rescind rules and regulations pertaining to their respective duties under the Plan; and to make all other determinations, including factual determinations, necessary or advisable for the discharge of their duties under the Plan. Such discretionary authority shall be absolute and exclusive and shall be exercised in a uniform and nondiscriminatory manner with respect to all similarly situated individuals. The express grant in the Plan of any specific power to a fiduciary with respect to any duty assigned to it under the Plan shall not be construed as limiting any power or authority of the fiduciary to discharge its duties.

Section 12.8. Trust Expenses. All real and personal property taxes, income taxes, and other taxes of any and all kinds whatsoever upon or in respect of the Trust or any money, income, or property forming a part thereof, and all expenses actually and properly incurred in the administration of the Trust, shall be paid by the Trustee out of principal or income of the Trust, as the Trustee shall determine; provided, however, that the Company may, in the discretion of the Board, pay any of the expenses incurred in the administration of the Trust. The payment out of the Trust of any taxes and expenses authorized in this Section, and the payment of all other costs, expenses, or compensation authorized by the Plan to be paid out of the Trust, shall be deemed to be for the exclusive benefit of Participants, Inactive Participants, and Beneficiaries.

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Article 13.

Miscellaneous

Section 13.1. Alienation of Benefits. No portion of the account balance with respect to any Participant or Inactive Participant shall be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, or charge, except in the case of a QDRO, or a judgment or settlement described in Code Section 401(a)(13)(C). Any attempt to anticipate, alienate, sell, transfer, assign, pledge, encumber, or charge the same shall be void, and no portion of such account balance shall in any manner be payable to any assignee, receiver, or trustee in bankruptcy or be liable for such person’s debts, contracts, liabilities, engagements, or torts, or be subject to any legal process to levy upon or attach,. No QDRO shall permit the payment of any benefit in any amount, form of benefit, time of payment, or option not otherwise provided under the Plan; provided, however, that, to the extent provided in Code Section 414(p), benefits may be paid to an alternate payee before the Participant or Inactive Participant has separated from service on or after his earliest retirement age as if he had retired on the date payment is to begin under such QDRO in any form in which benefits may be paid to the Participant or Inactive Participant.

Section 13.2. Payment in Event of Incapacity. If any person entitled to any payment under the Plan shall be physically, mentally, or legally incapable of receiving or acknowledging receipt of such payment, upon receipt of satisfactory evidence of his incapacity and satisfactory evidence that another person or institution is maintaining him and no guardian or committee has been appointed for him, the Committee may cause any payment otherwise payable to him to be made to such person or institution so maintaining him.

Section 13.3. Rights of Parties. The establishment of the Plan shall not be construed as conferring any legal or other rights upon any Employee or any other person for continuation of employment, nor shall it interfere with the right of the Employer to discharge any Employee or to deal with him without regard to the effect thereof under the Plan.

Section 13.4. Communication to Employees. The Plan Administrator shall communicate the terms of the Plan to Employees as required by law.

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Article 14.

Termination of Plan and Trust,

Merger or Consolidation of Plan

Section 14.1. Termination of Plan and Trust. If there is a termination, partial termination, or complete discontinuance of contributions to the Plan, all affected Participants’ and Inactive Participants’ accounts shall be fully vested and thereafter not subject to forfeiture. The assets shall remain in trust and shall be paid to the Participants, Inactive Participants, Beneficiaries, or other successors in interest upon the earliest event providing for distribution under the Plan. Distributions shall be made in the manner allowed in the Plan for that particular event.

Section 14.2. Merger or Consolidation. If the Plan is merged or consolidated with any other plan, or assets or liabilities of the Plan are transferred to any other plan, the amount which each Participant and Inactive Participant in the Plan would receive if the Plan were terminated immediately after the merger, consolidation, or transfer shall be equal to or greater than the amount he would have been entitled to receive immediately preceding the merger, consolidation, or transfer if the Plan had then terminated.

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Article 15.

Claims Procedure

Section 15.1. Claims and Appeals.

(a) Claims. Claims for benefits under the Plan made by a Participant, Inactive Participant, or Beneficiary (a “claimant”) must be submitted in writing to the Plan Administrator on the forms provided therefor. Approved claims will be processed and instructions issued to the Trustee authorizing payments as claimed.

If a claim is denied in whole or in part, or there is any other Adverse Benefit Determination, the Plan Administrator shall notify the claimant of its decision by written notice, or via electronic means that satisfies the requirements of U.S. Department of Labor Regulation Section 2520.104b-1(c)(1)(i), (iii), and (iv), in a manner reasonably calculated to be understood by the claimant. The notice shall set forth:

(1) the specific reason or reasons for the Adverse Benefit Determination;

(2) the reference to the specific Plan provisions on which the Adverse Benefit Determination is based;

(3) a description of any additional material or information necessary to perfect the claim, and an explanation of why such material or information is necessary; and

(4) an explanation of the Plan’s claim review procedure and the time limits applicable to such procedure, including a statement of the claimant’s right to bring a civil action under Section 502(a) of the Act following an Adverse Benefit Determination on review.

Such notification shall be given within 90 days after the claim is received by the Plan Administrator (or within 180 days, if special circumstances require an extension of time for processing the claim and written notice of such extension and circumstances is given to the claimant within the initial 90-day period).

(b) Appeals. Upon denial of a claim or other Adverse Benefit Determination, a claimant shall have the right to submit a written request for a full and fair review of the Adverse Benefit Determination, to be permitted (upon request and free of charge) reasonable access to and copies of all documents, records, and other information relevant to the claim, and to submit written comments, documents, records, and other information relating to the claim. A request for review of a claim must be submitted to the Plan Administrator within 60 days after receipt by the claimant of the written notice of the Adverse Benefit Determination.

The Plan Administrator shall conduct a full and fair review of the entire claim taking into account all comments, documents, records, and other information submitted by the claimant relating to the claim, without regard to whether such information was submitted or considered in the initial benefit determination.

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The Plan Administrator will advise the claimant of the results of the review within 60 days after receipt of the written request for review, or within 120 days if special circumstances require an extension of time for processing the request, such as an election by the Plan Administrator to hold a hearing, and if written notice of such extension and circumstances is given to such claimant within the initial 60-day period. If the period for reviewing the appeal is extended because of the failure to submit information needed to decide the claim, the extension period within which the Plan Administrator must make a determination shall be put on hold until the date on which the claimant responds to the request for additional information.

The claimant shall be notified in writing of the decision on review, or via electronic means that satisfies the requirements of U.S. Department of Labor Section 2520.104b-1(c)(1)(i), (iii), and (iv). In the case of an Adverse Benefit Determination on review, the notice shall set forth:

(1) the specific reason or reasons for the Adverse Benefit Determination;

(2) the reference to the specific Plan provisions on which the Adverse Benefit Determination is based;

(3) a statement that the claimant is entitled to receive, upon request and free of charge, reasonable access to, and copies of, all documents, records, and other information relevant to the claim; and

(4) a statement of the claimant’s right to bring a civil action under Section 502(a) of the Act.

(c) General Rules. The decision of the Plan Administrator on review shall be final and binding upon any and all claimants and any other individuals making a claim through or under them.

A failure to file a claim and an appeal in the manner and within the time limits set forth herein shall be deemed a failure by the aggrieved party to exhaust his administrative remedies and shall constitute a waiver of the rights or benefits sought to be established under the Plan. No lawsuit or other proceeding may be commenced by a claimant with respect to any claim under the Plan after one (1) year following a final decision on such appeal.

This Section shall be interpreted in accordance with Section 503 of the Act and regulations thereunder.

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(d) Special Definitions. The following definition applies for purposes of this Section:

(1) “Adverse Benefit Determination” means a denial, reduction, or termination of, or a failure to provide or make payment (in whole or in part) for, a benefit.

Section 15.2 Fiduciary Discretion. In its administration of the claims procedure, the Committee, as a fiduciary, shall have the complete discretionary authority and responsibility to interpret and apply the provisions of the Plan and any rules or regulations thereunder, and to make determinations and findings of fact.

Section 15.3. Action by Authorized Representative of Claimant. All actions set forth in this Article to be taken by the claimant likewise may be taken by a representative of the claimant duly authorized by him to act in his behalf on such matters. The Plan Administrator and/or Committee may require such evidence as they reasonably may deem necessary or advisable of any such representative’s authority to act.

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Article 16.

Provisions Regarding Employer Stock

Section 16.1. Powers of Trustee. The Trustee shall have all powers and authority necessary for the performance of its duties, including those powers designated in the Trust Agreement and in the Plan. Such powers shall include the power to borrow to purchase Employer Stock as provided in this Article 16.

Section 16.2. Investments in Employer Stock.

(a) It is intended that the assets of the Plan attributable to Employer Discretionary Contributions made pursuant to Section 4.3 shall be invested primarily in shares of Employer Stock that constitutes a “qualifying employer security” within the meaning of Code Section 4975(e)(8), which incorporates by reference the provisions of Code Section 409(l), which contains special requirements regarding voting power and dividend rights of Employer Stock that is not Readily Tradable. It is recognized that Employer Stock may be available for purchase only from time to time, and the assets of the Plan may be invested in other assets in accordance with the Trust Agreement when Employer Stock is not readily available for purchase, even though the long-range intention is to invest primarily in Employer Stock.

(b) Accordingly, Employer Discretionary Contributions made pursuant to Section 4.3 in cash and earnings attributable to such Employer contributions may be applied at the direction of the Committee to purchase Employer Stock at not more than its fair market value from any source available at the time. Also, from time to time the Committee may direct the Trustee to sell Employer Stock and make other investments as provided in the Plan; provided, however, that any sale of Employer Stock shall be for at least fair market value and shall comply with any applicable requirements regarding prohibited transactions under the Act. All investments will be made by the Trustee in accordance with the provisions of the Trust Agreement.

(c) Except as provided in Sections 16.11 and 16.13 or as otherwise required by applicable law, no security acquired with the proceeds of an exempt loan may be subject to a put, call, or other option, or buy-sell or similar arrangement, while held by and when distributed from the Plan, whether or not the Plan is then an ESOP. The protections and rights provided to Participants and Beneficiaries in the preceding sentence and in Section 16.13 with respect to Employer Stock shall be nonterminable only as and to the extent required by Treas. Reg. Section 54.4975-11(a)(3)(i) and (ii).

Section 16.3. Borrowing. The Committee may direct the Trustee to borrow funds for the purpose of acquiring Employer Stock. The Trustee may borrow from a lender and then acquire Employer Stock from a third party or may give a note to an owner of Employer Stock in partial or full payment for such Employer Stock. As used hereinafter, the term “loan agreement” shall include any such agreement with a third-party lender or any such note given to such an owner. In directing borrowing, the Committee shall not authorize a total indebtedness in any Plan Year if the repayment schedule for such indebtedness would require principal payments in excess of

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the amount that would be deductible under Code Section 404(a)(9). Any loan agreement shall be subject to the following conditions:

(a) The loan must be at a reasonable rate of interest; provided, however, that if the Trustee borrows from its own banking department, the interest rate and all other terms and conditions of the loan shall be subject to the approval of the Committee.

(b) The only interest in Plan assets which may be given as security for repayment of indebtedness under such agreement shall be a beneficial interest in specific shares of Employer Stock acquired with the proceeds of the loan extended thereunder or with the proceeds of a pre-existing loan repaid with the monies loaned under the agreement. Such beneficial interest is hereinafter sometimes referred to as “collateral.”

(c) The only rights against the Plan which may be given to a lender under a loan agreement shall be to receive repayment under such agreement out of (1) Employer Discretionary Contributions to the Plan in any form other than stock, and (2) collateral given to secure repayment of such loan.

(d) A loan agreement shall provide that the loan shall not be payable upon demand except in case of default, and that in the event of default the value of Plan assets transferred to the lender shall not exceed the amount of the default (there shall be no penalties). If the lender is the banking department of the Trustee, such a transfer of assets shall be made to the lender only to the extent of the failure of the Plan to meet the payment schedule of the loan.

(e) Except to the extent that the conditions of paragraph (f) are satisfied and the Committee directs that its provisions be followed to the extent permissible, a loan agreement shall provide for the release from collateral of Employer Stock purchased with loan proceeds upon each payment of principal and interest on such loan. The number of shares to be released as a result of loan payments during a Plan Year shall be equal to the total number of shares then held as security multiplied by a fraction, the numerator of which shall be the amount of principal and interest paid with respect to such Plan Year, and the denominator of which shall be the sum of the numerator plus the principal and interest to be paid during the remaining term of the loan. The remaining term must be definitely ascertainable and must be determined without taking into account any possible extension or renewal period. If the interest rate under the loan is variable, the interest to be paid in future years must be computed by using the interest rate applicable as of the end of the Plan Year. If collateral includes more than one class of securities, the number of securities of each class to be released for a Plan Year must be determined by applying the same fraction to each class.

(f) In lieu of the provisions contained in paragraph (e), a loan agreement may provide for the release from collateral of stock purchased with loan proceeds solely with reference to principal payments. However, if release is determined with reference to principal payments only, the following three additional rules shall apply: First, the loan agreement must provide for annual payments of principal and interest at a cumulative rate that is not less rapid at any time than level annual payment of such amounts for ten years;

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second, interest included in any payment is disregarded only to the extent that it would be determined to be interest under standard loan amortization tables; and third, this paragraph (f) is not applicable from the time that, by reason of a renewal, extension or refinancing, the sum of the expired duration of the exempt loan, the renewal period, the extension period and the duration of a new exempt loan exceeds ten years. During any period of time when this paragraph (f) is applicable in determining the amount of Employer Stock released from collateral, the number of shares to be released upon each such repayment of principal shall be equal to the total number of shares then held as security multiplied by a fraction the numerator of which shall be the amount of principal repaid, and the denominator of which shall be the principal outstanding as of the date of such repayment.

(g) A loan agreement shall provide that the Company will guarantee repayment of principal and accrued interest on such loan, but that no payments shall be made by the Company to the lender pursuant to such guarantee until all stock held by the Trust as security for repayment of the loan has been sold by the Trustee and the proceeds of such sale or sales have been paid to the lender in satisfaction of the indebtedness under such loan.

(h) A loan agreement shall permit loan repayments (without restriction) in amounts larger than the minimum annual installment, and the amount of any such repayment shall reduce the principal indebtedness under the loan.

Section 16.4. Mechanics of Borrowing and Release of Stock from Suspense Accounts. Upon direction from the Committee and pursuant to a loan agreement with a third-party lender meeting the requirements of Section 16.3, the Trustee shall accept the proceeds of a loan and apply such proceeds as soon as possible to the purchase of Employer Stock or to repay a previous loan used to purchase Employer Stock. Likewise, if a loan agreement meeting the requirements of Section 16.3 is made directly with the owner of the Employer Stock being acquired, the Trustee shall accept the acquired Employer Stock and hold any portion thereof acquired with borrowed funds in accordance with this Section and any other applicable provision of the Plan.

The Trustee shall total all purchases of Employer Stock made with the proceeds from a single loan agreement and hold such shares in a separate suspense account. The Trustee shall assign a cost basis to each share placed in a suspense account equal to the average cost of all such shares. If the number of shares held in a suspense account changes due to a stock split or stock dividend, then the cost basis assigned to all shares held in such account immediately before such split or dividend shall be divided among all shares held in such account immediately after such split or dividend.

The Trustee shall keep a separate accounting of each loan. The obligation of the Company to make contributions sufficient to repay each loan shall be ascertained as of the end of each Plan Year by adding together the minimum payments required upon each loan. The minimum required payment on each such loan (including interest and principal) shall be taken by the Trustee from each Employer Discretionary Contribution and allocated to repayment of such loan. The excess, if any, of the Employer contribution above the minimum payments required on each loan shall then be applied as a reduction of principal against the balance outstanding upon the loan bearing the highest rate of interest.

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The Trustee shall account for each loan in such a manner that the portion of any Employer contribution above the minimum which is applied against the principal balance outstanding under the loan shall reduce the term of such loan, and such loan shall not be deemed to have been refinanced with lesser required payments over the remainder of its original term. Once a loan agreement has been entered into between the Trustee and a lender, the term of such loan may not be extended by subsequent agreement.

Whenever payments are made on an outstanding loan (other than by payment out of the proceeds of sale of collateral), the Trustee shall withdraw from the suspense account identified to such loan an appropriate number of shares of stock as determined under Section 16.3(e) or 16.3(f), as applicable. Shares of stock withdrawn from a suspense account during a Plan Year shall be allocated to the accounts of Participants in proportion to the Compensation of Participants entitled to share in such allocation in the same manner as Employer Discretionary Contributions are allocated for such Plan Year in accordance with Section 4.3. “Qualifying employer securities” within the meaning of Code Section 4975(e)(8) will be forfeited only after other assets as required under Treas. Reg. Section 54.4975-11(d)(4).

Section 16.5. Agreements to Purchase. The Trustee shall have the power at any time to enter into a legally binding agreement to purchase Employer Stock from any person or entity. The purchase price set forth in any such agreement shall be the fair market value of such Stock at the time of the purchase.

Section 16.6. Dividends. Any securities received by the Trustee as a stock split or dividend, or as a result of a reorganization or other recapitalization of the Company, shall be allocated in the same manner as the Employer Stock to which it is attributable is then allocated, as more specifically provided in Section 16.9. Notwithstanding anything in this Plan to the contrary, each Participant or Inactive Participant may elect to receive any cash dividends attributed to Employer Stock allocated to his accounts under the ESOP portion of this Plan directly from the Company or to have such dividends invested in Employer Stock as soon as practicable after they are paid to the Plan. Such elections shall be made in writing during the month of December each year. Such elections shall remain in effect for future years unless revoked or changed in writing during a subsequent December election period. If a Participant or Inactive Participant fails to make an election, such cash dividends will be invested in Employer Stock as soon as practical after they are paid to the Plan.

Dividends that are received in cash and are attributable to Employer Stock held in a suspense account pursuant to Sections 16.3 and 16.4 shall be used to repay the loan the proceeds of which were used to acquire such Employer Stock.

Section 16.7. Voting of Stock.

(a) If the Company does not have a registration-type class of securities, within the meaning of Code Section 409(e), then all Employer Stock held by the Trustee shall be voted by the Trustee in its discretion, except that each Participant or Inactive Participant

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shall be entitled to direct the voting of the shares allocated to his account on all matters that involve the voting of such shares with respect to the approval or disapproval of any corporate merger, consolidation, recapitalization, reclassification, liquidation, dissolution, sale of substantially all assets of a trade or business, or such similar transaction as the Secretary of the Treasury may prescribe in regulations.

(b) If the Company has a registration-type class of securities, within the meaning of Code Section 409(e), then Participants and Inactive Participants shall be entitled to direct the voting of the shares allocated to their accounts on all matters at each stockholders’ meeting. If any Participant or Inactive Participant does not exercise his right to direct such voting, then the Trustee, in its sole discretion, shall vote the shares allocated to such Participant or Inactive Participant. Likewise, the Trustee, in its sole discretion, shall vote any unallocated shares of Employer Stock, including shares purchased with borrowed funds and still held in a suspense account.

(c) The Trustee shall be responsible for giving notice and delivering a form of proxy to each Participant and Inactive Participant for each stockholders’ meeting at which Participants and Inactive Participants are entitled to direct voting of the shares held in their accounts in accordance with the preceding paragraphs (a) and (b). The form of proxy shall give instructions to the Trustee as to how the Participant or Inactive Participant wishes his allocated shares of Employer Stock voted on such matters. The Trustee shall vote all such shares of Employer Stock in accordance with the Participant’s or Inactive Participant’s instructions. The proxies shall be revocable in writing or by attendance at such meeting by the Participant or Inactive Participant.

Section 16.8. Response to Tender Offer or Proposed Merger or Acquisition.

(a) As soon as practicable after receipt of any information regarding a tender offer for Employer Stock or information regarding a proposed merger or acquisition pursuant to which holders of Employer Stock would have certain exercisable rights in addition to the voting rights described in Section 16.7, the Trustee shall notify each Participant or Inactive Participant who has Employer Stock allocated to his account of the terms of such tender offer or proposed merger or acquisition and any rights exercisable in connection therewith in addition to any voting rights if a stockholders’ meeting will consider such matters. The notice shall include a form of instructions to the Trustee that may be completed by a Participant or Inactive Participant to give instructions to the Trustee as to how the Participant or Inactive Participant wishes any such rights (other than voting rights, which are governed by the preceding Section 16.7) to be exercised regarding his allocated shares of Employer Stock.

(b) A Participant or Inactive Participant shall be entitled to direct the Trustee regarding the exercise of any rights with regard to shares of Employer Stock allocated to his account in connection with any tender offer or proposed merger or acquisition by responding and completing the letter of instructions to the Trustee within the time fixed by the Trustee in the notice provided to the Participant or Inactive Participant. Any such instructions to the Trustee may be revoked in writing if such revocation is received by the Trustee before the rights are exercised in accordance with the prior instructions. The Trustee shall exercise such rights regarding such shares of Employer Stock in accordance with such instructions.

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(c) If a Participant or Inactive Participant does not exercise his right to direct the Trustee regarding the exercise of such rights, then the Trustee, in its sole discretion, shall exercise or fail to exercise such rights (other than voting rights governed by Section 16.7) with regard to the shares allocated to the Participant’s or Inactive Participant’s account with regard to such tender offer or proposed merger or acquisition. Likewise, the Trustee, in its sole discretion, shall exercise or fail to exercise such rights with regard to any unallocated shares of Employer Stock, including shares purchased with borrowed funds and still held in a suspense account.

Section 16.9. Distribution in Employer Stock. A Participant or Inactive Participant shall have the right to request that any distribution of his account balance attributable to Employer Stock to which he may be entitled under the Plan shall be entirely in Employer Stock (except that cash shall be distributed in lieu of any fractional share). The Committee and Trustee shall ensure that any such request is complied with insofar as possible by purchasing additional Employer Stock, if available, or reallocating shares of Employer Stock in other accounts to the extent necessary. Any shares purchased in accordance with this Section shall be charged against the Participant’s or Inactive Participant’s account based on the purchase price (including any transaction costs), and any shares reallocated from other accounts shall be charged against the Participant’s or Inactive Participant’s account based on the closing price of the Employer Stock on the last trading date preceding the date of such reallocation.

If the Participant or Inactive Participant elects, with spouse consent, if applicable, distribution of his account balance attributable to Employer Stock shall begin no later than one year after the close of the Plan Year (a) in which the Participant or Inactive Participant separates from service after his Normal Retirement Age, disability, or death, or (b) that is the fifth Plan Year following the Plan Year in which the Participant or Inactive Participant otherwise separates from service, provided he is not reemployed by the Employer or a Related Employer before such distribution. Unless the Participant or Inactive Participant elects otherwise, his account balance attributable to Employer Stock will be distributed not less frequently than annually in substantially equal periodic payments over a period not longer than (1) five years, or (2) in the case of a Participant or Inactive Participant with such an account balance in excess of $800,000, five years plus one additional year for each $160,000 or fraction thereof by which such account balance exceeds $800,000. The dollar amounts specified in the preceding sentence shall be adjusted for cost-of-living increases, in accordance with Code Section 409(o)(2).

Section 16.10. Purchases and Sales of Employer Stock. All purchases of Employer Stock shall be made at prices that, in the judgment of the Committee, do not exceed the fair market value of such stock. All sales of Employer Stock shall be made at prices that, in the judgment of the Committee, are not less than the fair market value of such stock. Fair market value shall be determined by the Committee in good faith in accordance with the Plan and any applicable provisions of the Act. The Committee shall direct the Trustee when to buy or sell Employer Stock and at what price, and the Trustee shall have no duty to question the directions of the Committee in this respect or to advise the Committee regarding the purchase, retention or sale of Employer Stock; provided, however, that the Committee shall not direct the Trustee to act otherwise than in accordance with the Plan and Trust Agreement and any applicable provisions of the Act, including any applicable rules regarding prohibited transactions.

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Notwithstanding the above, valuations of Employer Stock that is not Readily Tradable shall be made by an independent appraiser who meets requirements similar to those of the regulations prescribed under Code Section 170(a)(1).

If shares of Employer Stock are sold to the Plan by a shareholder in a transaction for which special tax treatment is elected by such shareholder pursuant to Code Section 1042 (if applicable), no portion of the assets of the Plan attributable to (or allocable in lieu of) Employer Stock acquired by the Plan in such sale shall accrue (or be allocated directly or indirectly under any Code Section 401(a) plan of the Employer) for the benefit of persons specified in Code Section 409(n) during the nonallocation period specified in Code Section 409(n).

Section 16.11. Restrictions on Employer Stock. Shares of Employer Stock distributed by the Trustee pursuant to Article 16 that are not Readily Tradable shall be restricted by a right of first refusal. Such right shall provide that prior to the subsequent transfer by a Participant, Inactive Participant or Beneficiary, the shares first must be offered to the Trustee in writing, and if refused by the Trustee, then to the Company. In no event shall the Trustee or Company repurchase such shares for a price less than the greater of (a) the price offered to the Participant, Inactive Participant, or Beneficiary by a prospective buyer making a bona fide cash offer, or (b) the then fair market value of such shares. The Trustee or the Company, as the case may be, may accept the offer at any time during a period not exceeding 14 days after receipt of the written offer, and the right of first refusal shall lapse if not exercised within such 14-day period. Shares of Employer Stock distributed by the Trustee pursuant to Article 16 may include such legend restrictions on transferability as may be necessary to preserve the right of first refusal or as the Company reasonably may require in order to assure compliance with applicable federal and state securities laws. Except as otherwise provided in this Section and Section 16.14, no Employer Stock acquired with a loan pursuant to Section 16.3 shall be subject to a put, call, or other option, or a buy-sell or similar arrangement, while held by and when distributed from the Plan, whether or not the Plan is then an employee stock ownership plan.

Section 16.12. Registration of Employer Stock. If the Committee directs the Trustee to dispose of any Employer Stock under circumstances which require registration and/or qualification of the securities under applicable federal or state securities laws, then the Company, at its expense, will take, or cause to be taken, any and all such actions as may be necessary or appropriate to effect such registration and/or qualification.

Section 16.13. Put Option.

(a) Except as otherwise provided in paragraph (c), a Participant, Inactive Participant, or Beneficiary who receives shares of Employer Stock shall have the right to require the Company to purchase such shares at any time within 16 months after the date such shares were distributed to the Participant, Inactive Participant, or Beneficiary (the “put option”). In computing such 16-month period, any period of time during which the put option is not exercisable because the Company is prohibited from honoring it by applicable federal or state law shall be excluded. Written notice of intent to exercise the

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put option must be delivered to the Committee before the expiration of the 16-month period. If both the Trustee and Company agree, the Trustee may purchase the Employer Stock. The purchase price shall be the fair market value of the Employer Stock as of the date the written notice of intent to exercise the put option is delivered to the Committee. The Company or the Trustee, as the case may be, shall pay the purchase price in a lump sum within 90 days from the receipt of such written notice; provided, however, that with the consent of the Participant, Inactive Participant, or Beneficiary, the purchase price may be paid over a period of not more than five years in such manner and upon such terms and conditions as agreed to by the parties; provided further, however, that payments shall begin no later than 30 days after the exercise of the put option.

(b) The terms of the put option shall meet the requirements of, and shall be granted in accordance with, Code Section 409(h) and all applicable Treasury regulations. Specifically, the put option shall provide that for a period of at least 60 days following the date of distribution of Employer Stock and, if not exercised within such 60-day period, during the first 60 days in the following Plan Year, the distributee shall have the right to have the Company purchase such shares at their fair market value, determined in accordance with Treas. Reg. Section 54.4975-11(d)(5), as of the Adjustment Date coincident with or immediately preceding the date of exercise of such put option. The put option may be exercised by notifying the Employer in writing that the option is being exercised.

(c) The provisions of the foregoing paragraph (a) shall not be applicable, and no put option shall exist, with regard to shares of Employer Stock distributed under the Plan if such Employer Stock was Readily Tradable and not subject to a trading limitation when it was distributed. For purposes of this paragraph (c), a “trading limitation” on a security is a restriction under any federal or state securities law, any regulation thereunder, or an agreement not prohibited by applicable regulations that would make the security not as freely tradable as one not subject to such restriction. Furthermore, if the Company is a bank, as defined in Code Section 581, which is prohibited by law from redeeming or purchasing Employer Stock, then the provisions of paragraph (a) shall not apply if the Participant, Inactive Participant, or Beneficiary who received shares of Employer Stock had a right to receive the distribution in cash.

Section 16.14. Diversification of Investments. Each Qualified Participant may direct the Trustee as to the investment of the value of the Qualified Participant’s account balance attributable to Employer Stock within 90 days after the last day of each Plan Year during the Qualified Participant’s Qualified Election Period.

For purposes of this Section, “Qualified Participant” shall mean a Participant who has attained age 55 and completed at least ten years of participation in the Plan. “Qualified Election Period” shall mean the six Plan Year period beginning with the later of (a) the first Plan Year in which the Participant first became a Qualified Participant, or (b) the first Plan Year beginning after December 31, 1986.

The Qualified Participant’s direction shall be provided to the Plan Administrator in writing and shall specify the amount the Qualified Participant wishes to diversify. The Plan shall

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allow the Qualified Participant to invest the amount subject to the diversification election in one or more of the investment Funds provided for in Section 9.2. Implementation of the Qualified Participant’s investment election shall take place within 90 days after the last day of the period during which the election may be made. This Section shall apply notwithstanding any other provision of the Plan other than Section 5.6.

Notwithstanding any provision of this Article to the contrary, each Participant who has completed at least three Years of Service, each alternative payee under a QDRO with an amount under the Plan with respect to a Participant who has completed at least three Years of Service, and each Beneficiary of a deceased Participant may elect to divest the portion of his Employer Discretionary Contribution Account attributable to Employer Stock and reinvest such amount in one or more of the investment funds provided for in Section 9.2. Such divesture and reinvestment election shall be made in accordance with the general timing rules of Section 9.2. For purposes of this paragraph, a Participant completes three Years of Service on the last day of the Plan Year that constitutes the completion of the third Year of Service.

Notwithstanding the foregoing, with respect to Employer Stock allocated to a Participant’s or Inactive Participant’s Employer Discretionary Contribution Account prior to January 1, 2007, a Participant or Inactive Participant, other than a Participant or Inactive Participant who has attained age 55 and completed at least three Years of Service, shall be permitted to diversify only 33% of such Employer Stock for 2007, 66% for 2008, and 100% for 2009 and all subsequent Plan Years.

To the extent required for compliance with Code Section 401(a)(28)(C), all valuations of Employer Stock acquired by the Trust after December 31, 1986, while such Employer Stock is not Readily Tradable shall be made by an independent appraiser. For this purpose, the term “independent appraiser” means any appraiser meeting requirements similar to the requirements of Treasury regulations prescribed under Code Section 170(a)(1).

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Article 17.

Special Vesting Rules

for Participant Accounts from Merged Plans

Section 17.1. Vesting for former Commercial Bancshares Participants. Notwithstanding anything in this Plan to the contrary, all Participants and Inactive Participants who were participants in the Commercial Bancshares, Inc. Employee Stock Ownership Plan (the “Commercial Plan”) as of December 31, 1998, and had at least three Years of Service as of December 31, 1998, shall have their vested interest in their former accounts under the Commercial Plan Commercial Accounts attributable to employer discretionary contributions determined under the following vesting schedule:

Years of Service	Vesting Percentage
Less than 2	0%
2	20%
3	40%
4	60%
5 or more	100%

Notwithstanding the foregoing, a Participant’s or Inactive Participant’s vested interest in his Commercial Accounts attributable to employer discretionary contributions shall not be less at any time on or after January 1, 1999, then his vested percentage as of December 31, 1998, as determined under the terms of the Commercial Plan.

Section 17.2 Vesting for former Heritage Bank Participants. Notwithstanding anything in this Plan to the contrary, all Participants and Inactive Participants who were participants in The Heritage Bank of Harrison County 401(k) Plan (the “Heritage Plan”) Plan as of June 30, 1999, and had at least three Years of Service as of June 30, 1999, shall have their vested interest in their former accounts under the Heritage Plan attributable to employer discretionary contributions determined under the following vesting schedule:

Years of Service	Vesting Percentage
1	20%
2	40%
3	60%
4	80%
5 or more	100%

Notwithstanding the foregoing, a Participant’s or Inactive Participant’s vested interest in his former account under the Heritage Plan attributable to employer discretionary contributions shall not be less at any time on or after July 1, 1999, then his vested percentage as of June 30, 1999, as determined under the terms of the Heritage Plan.

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Section 17.3. Vesting for Former American Bancorporation Participants. Notwithstanding anything in this Plan to the contrary, all Participants and Inactive Participants who were participants in the American Bancorporation Plan as of December 31, 2002, and had at least three Years of Service as of the December 31, 2002, shall have their vested interest in their American Bancorporation Accounts attributable to employer discretionary contributions determined under the following vesting schedule:

Years of Service	Vesting Percentage
Less than 2	0%
2	25%
3	50%
4	75%
5 or more	100%

Notwithstanding the foregoing, a Participant’s or Inactive Participant’s vested interest in his American Bancorporation Accounts attributed to employer discretionary contributions shall not be less at any time on or after January 1, 2003, than his vested percentage as of December 31, 2002, as determined under the terms of the American Bancorporation Plan.

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Article 18.

Merger of Oak Hill Financial, Inc. 401(k) and Profit Sharing Plan

Section 18.1. Plan Merger. Effective May 1, 2008 (the “Merger Effective Date”), the Oak Hill Financial, Inc. 401(k) and Profit Sharing Plan (the “Oak Hill 401(k) Plan”) is merged with and into this Plan. The Plan shall, as of the Merger Effective Date, assume all obligations of the Oak Hill 401(k) Plan and be responsible for payment of all vested account balances under the terms and provisions of the Oak Hill 401(k) Plan for (a) participants in the Oak Hill 401(k) Plan immediately prior to the Merger Effective Date, and (b) former participants and beneficiaries with vested account balances under the Oak Hill 401(k) Plan immediately prior to the Merger Effective Date. Such participants and beneficiaries shall, as of the Merger Effective Date, automatically become Participants and Beneficiaries under this Plan. The Plan shall provide for payment of benefits with the assets transferred to the Trust accompanying the Plan as set forth in Section 18.2 herein.

Section 18.2. Transfer of Plan Assets. Effective as of the Merger Effective Date, the assets of the Oak Hill 401(k) Plan, which are held by the trustee of the trust accompanying the Oak Hill 401(k) Plan, shall become assets of the Plan, and shall be transferred to the Trustee as soon as administratively feasible following the Merger Effective Date, which such assets shall be held by the Trustee under the provisions of the Plan and its accompanying Trust for the exclusive benefit of Participants and Beneficiaries under the post-merger Plan, as provided under the terms and provisions hereof. Any unallocated forfeitures that are transferred to the Plan from the Oak Hill 401(k) Plan shall be used to reduce Employer contributions on behalf of any Participant in the Plan.

Section 18.3. Code Section 401(a)(12) Requirements. As required by Code Section 401(a)(12), each Participant shall (as if the Plan then terminated) receive a benefit immediately after the merger and transfer contemplated under Section 18.2, which is equal to or greater than the benefit he would have been entitled to receive immediately before such transfer and merger (as if either the Oak Hill 401(k) Plan or the Plan had then terminated.)

Section 18.4. Segregation of Transferred Accounts. Amounts transferred to the Plan pursuant to Section 18.2 above shall be segregated and accounted for separately for recordkeeping purposes. Such amounts shall be maintained in separate sub-accounts based on their original contribution source and shall be referred to collectively as “Oak Hill 401(k) Plan Accounts.” Except as otherwise provided in this Article, these Oak Hill 401(k) Plan Accounts shall be treated in the same manner as all other accounts maintained under the Plan.

Section 18.5. Vesting. For purposes of Section 2.46, all Participants and Inactive Participants who were participants in the Oak Hill 401(k) Savings Plan shall receive credit for their Years of Service for vesting credited to the Participant or Inactive Participant as of April 30, 2008, under the terms of the Oak Hill 401(k) Plan.

All Participants and Inactive Participants who were participants in the Oak Hill 401(k) Plan as of April 30, 2008, shall be fully vested as of the Merger Effective Date in their Oak Hill 401(k) Plan Accounts attributable to employer matching contributions. All such Participants and

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Inactive Participants as of the Merger Effective Date shall have their vested interest in their Oak Hill 401(k) Plan Accounts attributable to employer discretionary contributions determined in accordance with Section 7.1(c). However, a Participant or Inactive Participant who was a participant in the Oak Hill Plan and who incurs a disability within the meaning of section 2.21 of the Oak Hill 401(k) Plan while actively employed by the Employer that would not constitute a permanent disability within the meaning of Section 5.3 of this Plan shall be fully vested in his Oak Hill 401(k) Plan Account attributable to employer discretionary contributions.

Notwithstanding the foregoing, a Participant’s or Inactive Participant’s vested interest in his Oak Hill 401(k) Plan Account attributable to employer discretionary contributions shall not be less at any time on or after May 1, 2008, than his vested percentage as of April 30, 2008, as determined under the terms of the Oak Hill 401(k) Plan.

Section 18.6. Pre-Retirement Distribution. Notwithstanding any other provisions of this Plan, once during each Plan Year, a Participant or Inactive Participant, by giving written notice to the Plan Administrator, may elect to receive all or any part of his Oak Hill 401(k) Plan Accounts attributable to rollover contributions made prior to May 1, 2008, without regard to whether the Participant or Inactive Participant has terminated employment.

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Article 19.

Service Credit for Former AmTrust Employees

Notwithstanding anything in this Plan to the contrary, an individual who was formerly employed by AmTrust and who becomes an Employee of the Employer on March 28, 2009 (“Former AmTrust Employee”), as a result of the purchase of certain branches of AmTrust by the Employer, shall receive credit for his prior service with AmTrust such that his date of employment with AmTrust shall be treated as his Date of Employment with the Employer for eligibility and vesting purposes under this Plan. For purposes of Article 3, if such Former AmTrust Employee would have become a Participant in this Plan prior to March 28, 2009, based on his Date of Employment as modified in accordance with the preceding sentence, such Former AmTrust Employee shall become a Participant on March 28, 2009.

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Article 20.

Service Credit for Former Fidelity Bancorp Employees

Notwithstanding anything in this Plan to the contrary, an individual who was formerly employed by Fidelity Bancorp, Inc. (“FB”) and who becomes an Employee of the Employer on December 1, 2012 (“Former FB Employee”), as a result of the merger of FB with and into WesBanco, Inc., shall receive credit for his prior service with FB such that his date of employment with FB shall be treated as his Date of Employment with the Employer for eligibility and vesting purposes under this Plan. For purposes of Article 3, if such Former FB Employee would have become a Participant in this Plan prior to December 1, 2012, based on his Date of Employment as modified in accordance with the preceding sentence, such Former FB Employee shall become a Participant on December 1, 2012.

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Signature Page

IN WITNESS WHEREOF, this instrument is, by the authority of the Board of Directors of the Company, executed on behalf of the Company on this 30 day of January, 2014.

WesBanco, Inc.

/s/ Anthony Pietranton

Authorized Officer

ATTEST

/s/ Linda M. Woodfin

Secretary

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EX-10.22

EXHIBIT 10.22

FIRST AMENDMENT TO THE

WESBANCO, INC. KSOP

(AS AMENDED AND RESTATED EFFECTIVE JANUARY 1, 2014)

WHEREAS, WesBanco, Inc. (the “Corporation”) maintains the WesBanco, Inc. KSOP, as restated effective January 1, 2014 (the “Plan”); and

WHEREAS, Section 12.6 of the Plan reserves to the Corporation the right to amend the Plan at any time; and

WHEREAS, the Company desires to amend the Plan to reflect certain changes requested by the Internal Revenue Service as a condition of its issuance of a favorable determination letter for the Plan;

NOW, THEREFORE, the Plan is hereby amended as follows, effective as of January 1, 2014:

1. The first paragraph of Section 2.39 is amended to read as follows:

Section 2.39. Qualified Employee. Any Employee of an Employer, excluding (a) any individual who is a leased employee, (b) any temporary Employee, and (c) any Employee covered by a collective bargaining agreement between employee representatives and the Employer if retirement benefits were the subject of good faith bargaining between such employee representatives and the Employer and if the collective bargaining agreement does not extend participation in the Plan. For purposes of the Plan, the term “leased employee” shall mean any person (other than a common law employee of the Employer) who, pursuant to an agreement between the Employer or Related Employer and any other person (“leasing organization”), has performed services for the Employer or Related Employer (or for the Employer or Related Employer and related persons determined in accordance with Code Section 414(n)(6)(A),) on a substantially full time basis for a period of at least one year and under the primary direction or control of the Employer or Related Employer. Contributions or benefits provided a leased employee by the leasing organization which are attributable to services performed for the Employer or Related Employer shall be treated as provided by the Employer or Related Employer.

2. The first sentence of Section 3.5 is amended to read as follows:

Each “leased employee,” as defined in Section 2.39, shall be considered an Employee or an employee of a Related Employer, as appropriate, for purposes of determining whether the Plan satisfies the minimum coverage requirements of Code Section 410(b).

3. The first sentence of Section 16.2(a) is amended to read as follows:

It is intended that the assets of the Plan attributable to Employer Discretionary Contributions made pursuant to Section 4.3 shall be invested primarily in shares of Employer Stock that constitutes a “qualifying employer security” within the meaning of Code Section 4975(e)(8).

4. The first sentence of Section 16.3 is amended to read as follows:

The Committee may direct the Trustee to borrow funds for the purpose of acquiring Employer Stock; provided, however, that any such loan shall be primarily for the benefit of Participants and their Beneficiaries.

5. The last paragraph of Section 16.10 is amended to read as follows:

If shares of Employer Stock consist of employer securities issued by a domestic C corporation that has no stock outstanding which are Readily Tradable, and were not received by the taxpayer in either a distribution from a plan described in Code Section 401(a) or a transfer pursuant to an option or other right to acquire stock to which Code Section 83, 422, or 423 applied (or to which Code Section 422 or 424, as in effect on the day before the date of the enactment of the Revenue Reconciliation Act of 1990, applied) and are sold to the Plan by a taxpayer in a transaction for which special tax treatment is elected by such taxpayer pursuant to Code Section 1042 (if applicable), no portion of the assets of the Plan attributable to (or allocable in lieu of) Employer Stock acquired by the Plan in such sale shall accrue (or be allocated directly or indirectly under any Code Section 401(a) plan of the Employer) (i) for the benefit of any taxpayer who makes an election under Code Section 1042(a) with respect to employer securities or any individual who is related to the taxpayer (within the meaning of Code Section 267(b)), during the period beginning on the date of the sale of such Employer Stock and ending on the later of the date which is 10 years after the date of sale, or the date of the Plan allocation attributable to the final payment of acquisition indebtedness incurred in connection with such sale, or (ii) for the benefit of any other person who owns (after application of Code Section 318(a)) either more than 25% of any class of outstanding stock of the corporation which issued such Employer Stock or of any corporation which a member of the same controlled group of corporations (within the meaning of Code Section 409(l)(4)) as such corporation, or more than 25% of the total value of any class of outstanding stock of any such corporation.

6. The last sentence of Section 16.13(a) is amended to read as follows:

The Company or the Trustee, as the case may be, shall pay the purchase price in a lump sum within 90 days from the receipt of such written notice; provided, however, that with the consent of the Participant, Inactive Participant, or Beneficiary, the purchase price may be paid over a period of not more than five years in such manner and upon such terms and conditions as agreed to by the parties, if adequate security is provided and reasonable interest is paid on the unpaid amounts in accordance with Code Section 409(h)(5)(B); provided further, however, that payments shall begin no later than 30 days after the exercise of the put option.

-2-

IN WITNESS WHEREOF, this First Amendment of the Plan is, by the authority of the Board of Directors of the Company, executed on behalf of the Company this 18^th day of December     , 2014.

	WesBanco, Inc.
By:	/s/ Todd F. Clossin
	Todd F. Clossin, President & CEO

ATTEST:

/s/ Linda M. Woodfin

Secretary

-3-

EX-10.23

EXHIBIT 10.23

SECOND AMENDMENT TO THE

WESBANCO, INC. KSOP

(AS AMENDED AND RESTATED EFFECTIVE JANUARY 1, 2014)

WHEREAS, WesBanco, Inc. (the “Corporation”) maintains the WesBanco, Inc. KSOP, as restated effective January 1, 2014 (the “Plan”); and

WHEREAS, Section 12.6 of the Plan reserves to the Corporation the right to amend the Plan at any time; and

WHEREAS, the Company has decided to amend the Plan to (i) modify the definition of “Compensation” that is used for determining Plan benefits; (ii) address revised Internal Revenue Service regulations regarding the mid-year amendment or termination of safe harbor 401(k) plans; (iii) permit the refinancing of Plan loans; and (iv) correct pagination errors and update the Table of Contents;

NOW, THEREFORE, the Plan is hereby amended as follows:

1. Effective January 1, 2015, the first paragraph of Section 2.10 is amended in its entirety to read as follows:

Section 2.10. Compensation. Except as otherwise provided in this Section 2.10 and in Sections 4.7 and 10.7 (as applicable), Compensation shall mean Compensation as that term is defined in Section 9.4.

2. Effective January 1, 2015, Section 4.6(d) is amended in its entirety to read as follows:

(d) The Company may amend the Plan during a Plan Year to reduce or eliminate prospectively any or all Employer Matching Contributions (including ADP Test Safe Harbor Matching Contributions and/or ACP Test Safe Harbor Employer Matching Contributions), provided that:

(1) Either:

(A) the Company is operating at an economic loss as described in Code Section 412(c)(2)(A) for the Plan Year, or

(B) the notice described in Section 4.6(a) includes a statement that the Plan may be amended during the Plan Year to reduce or suspend Employer Matching Contributions and that such reduction or suspension will not apply until at least 30 days after all Qualified Employees are provided notice of such reduction or suspension;

-1-

(2) The Plan Administrator provides a supplemental notice to Qualified Employees which explains the consequences of the amendment, specifies the amendment’s effective date, and informs Qualified Employees of the procedures for changing their elective deferral elections;

(3) Qualified Employees have a reasonable opportunity (including a reasonable period after receipt of such supplemental notice) prior to the effective date of the amendment to modify their elective deferral elections; and

(4) The amendment is not effective earlier than the later of (A) 30 days after the Plan Administrator provides such supplemental notice; or (B) the date the Company adopts the amendment.

3. Effective January 1, 2015, the second sentence of Section 4.6(f) is amended in its entirety to read as follows:

The Plan shall remain an ADP Test Safe Harbor and ACP Test Safe Harbor Plan for such Plan Year, if (1) the Company’s termination of the Plan results in a short Plan Year; (2) the Plan satisfies the ADP Test Safe Harbor and ACP Test Safe Harbor provisions through the effective date of the Plan termination; and (3) either (A) the Plan would satisfy the requirements of Section 4.6, treating the termination as a reduction or suspension of Employer Matching Contributions, other than the requirements of Sections 4.6(d)(1) and 4.6(d)(3); (B) the termination is in connection with an acquisition or disposition transaction described in Code Section 410(b)(6)(C); or (C) the Company incurs a substantial business hardship that is comparable to a substantial business hardship described in Code Section 412(c).

4. Effective January 1, 2015, Section 4.7 is added to read as follows:

Section 4.7. Compensation. For purposes of this Article 4, Compensation shall be reduced by all of the following items (even if includible in gross income): any reimbursements or other expense allowances, fringe benefits (cash and non-cash), moving expenses, deferred compensation, and welfare benefits.

5. Effective January 1, 2015, Section 9.5(b)(8) is amended in its entirety to read as follows:

(8) Number of Loans. A borrower may have two loans outstanding at any one time. A borrower may receive more than one loan per year.

Subject to the foregoing limitations, a borrower may refinance any one outstanding loan, but only if all outstanding loans collectively satisfy the amount limitations described in paragraph (a) above and each loan satisfies the repayment term and level amortization requirements described in paragraphs (b)(5) and (b)(7) above. Any such refinancing may not occur more than once during any 90-day period. For this purpose, a “refinancing” includes any situation in which one loan replaces another loan.

If a loan that satisfies paragraphs (a), (b)(5), and (b)(7) above is replaced by a loan (a “replacement loan”), and the term of the replacement loan ends after the latest

-2-

permissible term of the loan it replaces (the “replaced loan”), then the replacement loan and the replaced loan will be treated as outstanding on the date of the transaction; provided, however, that this paragraph shall not apply to a replacement loan if the terms of the replacement loan would satisfy the requirements of paragraphs (a), (b)(5), and (b)(7) above, determined as if the replacement loan consisted of two separate loans: the replaced loan (amortized in substantially level payments over a period ending not later than the last day of the latest permissible term of the replaced loan); and, to the extent the amount of the replacement loan exceeds the amount of the replaced loan, a new loan that is also amortized in substantially level payments over a period ending not later than the last day of the latest permissible term of the replacement loan.

6. Effective January 1, 2015, the Table of Contents page is deleted in its entirety, the attached new Table of Contents page is substituted therefor, and subsequent pages are renumbered accordingly.

IN WITNESS WHEREOF, this Second Amendment of the Plan is, by the authority of the Board of Directors of the Company, executed on behalf of the Company this 19^th day of November    , 2014.

	WesBanco, Inc.
By:	/s/ Todd F. Clossin
	Todd F. Clossin, President & CEO

ATTEST:

/s/ Linda M. Woodfin

Secretary

-3-

EX-10.24

EXHIBIT 10.24

AMENDED AND RESTATED EMPLOYMENT AGREEMENT

THIS AGREEMENT, made and entered into this 25^th day of February, 2015, by and between WESBANCO BANK, INC., hereinafter referred to as “Bank” and BERNARD P. TWIGG, hereinafter referred to as “Employee”, and WESBANCO, INC., a West Virginia corporation, hereinafter referred to as “Wesbanco”.

WHEREAS, Employee is serving as an executive officer of the Bank as of the date hereof pursuant to an Employment Agreement dated the 7th day of July, 2003, providing for a revolving three (3) year term of employment expiring as of the date hereof (the “Agreement”), and

WHEREAS, the parties wish to amend the Agreement by changing the duties and responsibilities of the Employee and adjusting his compensation to permit him to serve as Executive Vice President – Director of Community Affairs, with reduced responsibilities from his current position.

WITNESSETH THAT: In consideration of the mutual promises and undertakings hereinafter set forth, the parties hereto agree as follows:

1. OFFER OF EMPLOYMENT. The Bank agrees to, and hereby does, continue the employment of Employee at Wesbanco and the Bank as Executive Vice President – Director Community Affairs. In that capacity, Employee shall be answerable to the Board of Directors of Wesbanco, the parent company of the Bank, the Board of Directors of the Bank, and the Chief Executive Officer of Wesbanco. Employee shall perform such duties, compatible with his employment under this Agreement, as the Board of Directors of the Bank, Wesbanco, and the Chief Executive Officer of Wesbanco, from time to time may assign to him.

2. COMPENSATION. As compensation for the performance of the services specified in Paragraph (1) and the observance of all of the provisions of this Agreement, the Bank agrees to pay Employee, and Employee agrees to accept, the following amounts and benefits during his term of employment:

(A) Salary at a rate to be determined by the Board of Directors of the Bank, with notice to be given to employee in May of each calendar year, but in no event shall Employee’s salary be less than One Hundred Fifty Thousand Dollars ($150,000.00) per year, plus any increases granted by the Board of Directors after the date hereof, and payable in equal biweekly installments;

(B) Participation in the Wesbanco, Inc. Key Executive Bonus, Option and Restricted Stock Plan, Annual Incentive Award, at 35% of the base compensation as set forth in Paragraph (A) hereof based upon performance metrics as determined annually by the Compensation Committee of the Board of Directors;

(C) Participation in such annual awards of Stock Options and Restricted Stock as may be granted by the Compensation Committee each year; and

(D) Such other miscellaneous benefits and perquisites as the Bank provides to its executive employees generally.

3. ACCEPTANCE OF EMPLOYMENT. Employee accepts the employment provided for herein, at the salary set forth above, and agrees to devote his talents and best efforts to the diligent, faithful, and efficient discharge of the duties of his employment, and in furtherance of the operations and best interests of Bank, and observe and abide by all rules and regulations promulgated by Bank for the guidance and direction of its employees and the conduct of its business, operations, and activities.

2

4. TERM OF AGREEMENT. The employment term provided for herein shall consist of a revolving period of three years, with the initial term beginning on the 1st day of March, 2015, and ending on the 28^th day of February, 2018. The term of this Agreement shall automatically be extended on each anniversary of the beginning date of the term hereof for an additional one year, thereby creating a new three year term, unless written notice of termination hereof is given by either party at least ninety (90) days prior to the anniversary date of the beginning date of this Agreement. Any such notice of non-renewal shall not affect the continuation of the term of this Agreement existing at the time of such non-renewal.

5. CONFIDENTIALITY. Employee agrees that such information concerning the business, affairs, and records of Bank as he may acquire in the course of, or as incident to, his employment hereunder, shall be regarded and treated as being of a confidential nature, and that he will not disclose any such information to any person, firm, or corporation, for his own benefit or to the detriment of Bank, during the term of his employment under this Agreement or at any time following the termination thereof.

6. MISCELLANEOUS BENEFITS. This Agreement is not intended, and shall not be deemed to be in lieu of any rights, benefits, and privileges to which Employee may be entitled as an Employee of Bank under any retirement, pension, profit sharing, insurance, hospital, bonus, vacation, or other plan or plans which may now be in effect or which may hereafter be adopted by Bank, it being understood that Employee shall have the same rights and privileges to participate in such plans and benefits, as any other employee, during the period of his employment.

3

7. BINDING EFFECT. This Agreement shall inure to the benefit of and be binding upon Bank’s successors and assigns, including, without limitation, any company or corporation which may acquire substantially all of Bank’s assets or business, or with, or into which Bank may be merged or otherwise consolidated.

8. TERMINATION. The Employee’s employment hereunder shall terminate upon the earliest to occur of any one of the following:

(A) The expiration of the initial term of this Agreement, or any extended term of this Agreement by written notice of termination as provided in Paragraph (4) hereof; or

(B) By the Bank for cause, after thirty (30) days written notice to Employee. Cause for purposes of this Agreement shall mean as follows:

(i) An act of dishonesty, willful disloyalty or fraud by the Employee that the Bank determines is detrimental to the best interests of the Bank; or

(ii) The Employee’s continuing inattention to, neglect of, or inability to perform, the duties to be performed under this Agreement, or

(iii) Any other breach of the Employee’s covenants contained herein or of any of the other terms and provisions of this Agreement, or

(iv) The deliberate and intentional engaging by the Employee in gross misconduct which is materially and demonstrably injurious to the Bank.

4

(C) Employee shall have the right to terminate this Agreement and his active employment hereunder at any time upon ninety (90) days written notice to the Bank.

(D) Upon the death of Employee, this Agreement shall automatically terminate.

9. EFFECT OF TERMINATION. In the event of a termination of this Agreement, Employee shall be paid the following severance benefits, payable promptly after the date of termination of his employment, in the following manner:

(A) In the event that this Agreement is terminated by the death of Employee, this Agreement shall be deemed to have been terminated as of the date of such death except, however, that Bank shall pay to the surviving spouse of Employee, or in lieu thereof, to Employee’s estate, an amount equal to six months of the base salary at his then current base rate.

(B) In the event that this Agreement is terminated by Employee and Bank by mutual agreement, then Bank shall pay such severance benefits, if any, as shall have been agreed upon by Bank and Employee.

(C) In the event that Bank attempts to terminate this Agreement, other than for cause, death of Employee, or by mutual agreement with Employee, in addition to any other rights or remedies which Employee may have, Employee shall receive an amount equal to the greater of (i) six months of base salary at his then current base rate, or (ii) the base salary Employee would have received had he continued to be employed pursuant to this Agreement throughout the end of the then existing term of employment hereunder.

5

(D) In the event Bank terminates this Agreement for cause, no severance benefits shall be payable hereunder.

10. ENTIRE UNDERSTANDING; AMENDMENT. This Agreement supersedes all previous agreements between Employee and Bank and contains the entire understanding and agreement between the parties with respect to the subject matter hereof, and cannot be amended, modified, or supplemented in any respect except by a subsequent written agreement executed by both parties.

11. APPLICABLE LAW. This Agreement shall be governed by and construed in accordance with the laws of the State of West Virginia.

12. CERTAIN OBLIGATIONS OF WESBANCO. While the parties acknowledge that certain provisions of this Agreement may be unenforceable in some respects against the Bank, pursuant to applicable banking law, it is nonetheless the intention of the parties to create pursuant to this Agreement a valid employment for a definite term with specified benefits. As an inducement for Employee and Bank to enter into this Agreement whereby Employee would be employed by Bank for a definite term, Wesbanco hereby undertakes the independent, separate and unconditional obligation to Employee to pay all amounts which are or may become due to Employee under this Agreement as set forth herein, regardless of the status of the direct or indirect enforceability or validity of Bank’s obligation to pay any or all such amounts as may be due hereunder to Employee; provided, however, that for purposes of this Paragraph 12, Wesbanco shall be obligated to the Employee for any bonuses or any increases in base salary in excess of the rate of One Hundred Fifty Thousand Dollars ($150,000.00) per annum only to the extent that it has consented to such bonuses or increases. Wesbanco also acknowledges that it may or may not be entitled to indemnification or contribution from Bank or to be subrogated to

6

the claim of Employee hereunder for any payments Wesbanco may make to Employee; and Wesbanco hereby specifically waives any rights it may otherwise have to indemnification or contribution from Bank or to be subrogated to the claim of Employee hereunder in the event that such payments as are made by Wesbanco would be unenforceable or invalid for any reason against Bank.

13. MISCELLANEOUS. The invalidity or unenforceability of any term or provision of this Agreement as against any one or more parties hereto, shall not impair or effect the other provisions hereof or the enforceability of said term or provision against the other parties hereto, and notwithstanding any such invalidity or unenforceability, each term or provision hereof shall remain in full force and effect to the full extent consistent with law.

IN WITNESS WHEREOF, Bank and Wesbanco have caused these presents to be signed and their corporate seals to be hereto affixed, and Employee has hereto affixed his signature, at Wheeling, WV, as of the day and year first above written.

		WESBANCO BANK, INC.
		By	Todd F. Clossin
			Its President and CEO
ATTEST:
/s/	Linda M. Woodfin
	Secretary
		/s/	Bernard P. Twigg
		BERNARD P. TWIGG
		WESBANCO, INC.
		By	Todd F. Clossin
			Its President and CEO
ATTEST:
/s/	Linda M. Woodfin
	Secretary

7

EX-21

EXHIBIT 21

Significant Subsidiaries of WesBanco, Inc.

(As of December 31, 2014)

Subsidiaries	State of Incorporation
WesBanco, Inc.		West Virginia
WesBanco Bank, Inc.		West Virginia
WesBanco Insurance Services, Inc.		West Virginia
WesBanco Title Agency, LLC		Ohio
WesBanco Asset Management, Inc.		Delaware
WesBanco Community Development Corp.		Ohio
Hotel Concourse Ohio, LLC		Ohio
WesBanco Properties, Inc.		West Virginia
WesBanco Securities, Inc.		Ohio
WesBanco Capital Trust II		Delaware
WesBanco Capital Statutory Trust III		Connecticut
WesBanco Capital Trust IV		Delaware
WesBanco Capital Trust V		Delaware
WesBanco Capital Trust VI		Delaware
Oak Hill Capital Trust 2		Delaware
Oak Hill Capital Trust 3		Delaware
Oak Hill Capital Trust 4		Delaware

EX-23

EXHIBIT 23

Consent of Independent Registered Public Accounting Firm

We consent to the incorporation by reference in the following Registration Statements:

(1) Registration Statement (Form S-3 No. 333-82852) of WesBanco, Inc. relating to Dividend Reinvestment and Stock Purchase Plan,

(2) Form S-8 relating to WesBanco, Inc.’s Key Executive Incentive Bonus and Option Plan (No.333-107736),

(3) Form S-8 relating to WesBanco, Inc.’s KSOP (No. 333-158749),

(4) Form S-8 relating to the Oak Hill Financial, Inc. 2004 Stock Incentive Plan, and the Oak Hill Financial, Inc. Fourth Amended and Restated 1995 Stock Option Plan (No. 333-148147),

(5) Form S-8 relating to WesBanco, Inc.’s Incentive Bonus, Option and Restricted Stock Plan (No. 333-166541);

of our reports dated February 27, 2015, with respect to the consolidated financial statements and schedules of WesBanco, Inc. and the effectiveness of internal control over financial reporting of WesBanco, Inc. included in this Annual Report (Form 10-K) of WesBanco, Inc. for the year ended December 31, 2014.

/s/ Ernst & Young LLP

Pittsburgh, Pennsylvania

February 27, 2015

EX-24

EXHIBIT 24

POWER OF ATTORNEY FOR EXECUTION OF FORM 10-K

TO BE FILED WITH THE SECURITIES & EXCHANGE COMMISSION

We, the undersigned Directors of WesBanco, Inc., hereby severally constitute and appoint James C. Gardill and/or Todd F. Clossin, and each of them singly, our true and lawful attorneys with full power to them, and each of them singly, to sign for us and in our names and in the capacities indicated below, the Annual Report of WesBanco to the Securities & Exchange Commission on Form 10-K to be filed for the year 2014 and any and all amendments thereto in our names and behalf in our capacities as Directors of WesBanco to enable WesBanco to comply with the provisions of the Securities Exchange Act of 1934, as amended, and all requirements of the Securities Exchange Act of 1934, as amended, hereby ratifying and conforming our signatures as they may be signed by our attorneys, or either of them, to said Form 10-K and any and all amendments thereto.

Pursuant to the requirements of the Securities Exchange Act of 1934, this Power of Attorney for purposes of executing the Form 10-K of WesBanco has been signed by the following persons in the capacities and on the dates indicated:

SIGNATURE	TITLE	DATE
/s/ Ray A. Byrd       Ray A. Byrd	Director	February 27, 2015
/s/ Christopher V. Criss       Christopher V. Criss	Director	February 27, 2015
Abigail M. Feinknopf	Director
/s/ John W. Fisher, II       John W. Fisher, II	Director	February 27, 2015
/s/ Ernest S. Fragale       Ernest S. Fragale	Director	February 27, 2015
/s/ Vaughn L. Kiger       Vaughn L. Kiger	Director	February 27, 2015
/s/ D. Bruce Knox       D. Bruce Knox	Director	February 27, 2015
/s/ Paul M. Limbert       Paul M. Limbert	Director	February 27, 2015
/s/ Jay T. McCamic       Jay T. McCamic	Director	February 27, 2015
F. Eric Nelson, Jr.	Director
/s/ Ronald W. Owen       Ronald W. Owen	Director	February 27, 2015
Henry L. Schulhoff	Director
/s/ Richard G. Spencer       Richard G. Spencer	Director	February 27, 2015
/s/ Reed J. Tanner       Reed J. Tanner	Director	February 27, 2015
/s/ Charlotte A. Zuschlag       Charlotte A. Zuschlag	Director	February 27, 2015

EX-31.1

EXHIBIT 31.1

CERTIFICATION OF CHIEF EXECUTIVE OFFICER

OF PERIODIC REPORT PURSUANT TO RULE 13a-15(e) or RULE 15d-15(e)

I, Todd F. Clossin, certify that:

1. I have reviewed this Annual Report on Form 10-K of WesBanco, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: February 27, 2015	/s/ Todd F. Clossin
	Todd F. Clossin
	President and Chief Executive Officer

EX-31.2

EXHIBIT 31.2

CERTIFICATION OF CHIEF FINANCIAL OFFICER

OF PERIODIC REPORT PURSUANT TO RULE 13a-15(e) or RULE 15d-15(e)

I, Robert H. Young, certify that:

1. I have reviewed this Annual Report on Form 10-K of WesBanco, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: February 27, 2015	/s/ Robert H. Young
	Robert H. Young
	Executive Vice President and Chief Financial Officer

EX-32.1

EXHIBIT 32.1

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Annual Report of WesBanco, Inc. on Form 10-K as filed with the Securities and Exchange Commission on the date hereof (the “Report”), each of the undersigned, in the capacity and on the date indicated below, hereby certifies pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to his knowledge:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operation of WesBanco, Inc.

Date: February 27, 2015	/s/ Todd F. Clossin
	Todd F. Clossin
	President and Chief Executive Officer
Date: February 27, 2015	/s/ Robert H. Young
	Robert H. Young
	Executive Vice President and Chief Financial Officer

The forgoing certifications are being furnished solely pursuant to Subsections (a) and (b) of Section 1350, Chapter 63 of Title 18, United States Code in accordance with Section 906 of the Sarbanes-Oxley Act of 2002 and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liability of that section, and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934.

A signed original of this written statement required by Section 906 of the Sarbanes-Oxley Act of 2002, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

XML

Certificates Of Deposit (Tables)

12 Months Ended

Dec. 31, 2014

Banking and Thrift [Abstract]

Schedule of Maturities of Total Certificates of Deposit

At December 31, 2014, the scheduled maturities of total certificates of deposit are as follows (in thousands):

Year	Amount
2015	$	764,694
2016		262,625
2017		87,611
2018		86,341
2019		82,251
2020 and thereafter		21,574
Total	$	1,305,096

XML

Commitments and Contingent Liabilities - Additional Information (Detail) (USD $)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Commitments and Contingencies Disclosure [Abstract]
Allowance for credit losses associated with loan commitments	$ 455,000	$ 602,000	$ 341,000	$ 468,000
Liability associated with letters of credit	$ 200,000	$ 100,000

XML

Earnings Per Common Share - Additional Information (Detail)	0 Months Ended	12 Months Ended
	Feb. 10, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Subsequent Event [Member] | ESB Financial Corporation [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of common stock shares issued	9,200,000
Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock options excluded from computation of diluted earnings per share		0	42,701	159,569

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Condensed Parent Company Financial Statements (Tables)

12 Months Ended

Dec. 31, 2014

WBCDC [Member]

Schedule of Condensed Balance Sheet

BALANCE SHEET

(in thousands)	December 31, 2014
Assets
Cash and due from banks	$	24,270
Loans, net of allowance for loan losses of $249		44,676
Investments		980
Other assets		530
Total Assets	$	70,456
Liabilities	$	294
Shareholder Equity		70,162
Total Liabilities and Shareholder Equity	$	70,456

Schedule of Condensed Income Statement

STATEMENT OF INCOME

(in thousands)	For the year ended December 31, 2014
Interest income
Loans	$	1,527
Total interest income		1,527
Provision for loan losses		43
Net interest income after provision for loan losses		1,484
Non-interest income		83
Non-interest expense		103
Income before provision for income taxes		1,464
Provision for income taxes		544
Net income	$	920

Schedule of Condensed Cash Flow Statement

STATEMENT OF CASH FLOWS

	For the year ended December 31, 2014
(in thousands)
Operating Activities
Net income	$	920
Provision for loan losses		43
Gain on investments		(83	)
Net change in other assets		106
Net change in liabilities		(563	)
Net cash provided by operating activities		423
Investing Activities
Increase in loans		(1,193	)
Net cash used by investing activities		(1,193	)
Financing Activities
Qualified equity investment by parent company		—
Net cash provided by financing activities		—
Net decrease in cash and cash equivalents		(770	)
Cash and cash equivalents at beginning of year		25,040
Cash and cash equivalents at end of year	$	24,270

Parent Company [Member]

Schedule of Condensed Balance Sheet

BALANCE SHEETS

	December 31,
(in thousands)	2014		2013
ASSETS
Cash and short-term investments	$	61,732	$	22,973
Investment in subsidiaries—Bank		814,227		806,586
Investment in subsidiaries—Nonbank		5,343		5,527
Securities available-for-sale, at fair value		2,189		4,113
Other assets		17,553		18,983
Total Assets	$	901,044	$	858,182
LIABILITIES
Junior subordinated debt owed to unconsolidated subsidiary trusts	$	106,176	$	106,137
Dividends payable and other liabilities		6,678		5,450
Total Liabilities		112,854		111,587
SHAREHOLDERS’ EQUITY		788,190		746,595
Total Liabilities and Shareholders’ Equity	$	901,044	$	858,182

Schedule of Condensed Income Statement

STATEMENTS OF INCOME

	For the years ended December 31,
(in thousands)	2014			2013			2012
Dividends from subsidiaries—Bank	$	59,500		$	42,000		$	36,500
Dividends from subsidiaries—Nonbank		1,200			860			562
Income from securities		128			194			102
Net securities gain		745			6			11
Other income		416			67			96
Total income		61,989			43,127			37,271
Total expense		7,139			5,810			7,145
Income before income tax benefit and undistributed net income of subsidiaries		54,850			37,317			30,126
Income tax benefit		(2,006	)		(2,132	)		(2,305	)
Income before undistributed net income of subsidiaries		56,856			39,449			32,431
Equity in undistributed net income of subsidiaries		13,118			24,476			17,113
NET INCOME	$	69,974		$	63,925		$	49,544

Schedule of Condensed Cash Flow Statement

STATEMENTS OF CASH FLOWS

	For the years ended December 31,
(in thousands)	2014			2013			2012
OPERATING ACTIVITIES
Net income	$	69,974		$	63,925		$	49,544
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed net income		(13,118	)		(24,476	)		(17,113	)
Gain on securities		(745	)		(6	)		(11	)
Decrease (increase) in other assets		1,908			(1,957	)		129
Other—net		1,968			1,975			(13	)
Net cash provided by operating activities		59,987			39,461			32,536
INVESTING ACTIVITIES
Proceed from sales —securities available-for-sale		1,990			1,009			591
Acquisitions and additional capitalization of subsidiaries, net of cash acquired		—			(104	)		(23,467	)
Net cash provided by (used in) investing activities		1,990			905			(22,876	)
FINANCING ACTIVITIES
Repayment of junior subordinated debt		—			(7,732	)		—
Issuance of common stock		—			2,539			38
Treasury shares sold (purchased)—net		1,918			(6,170	)		(24	)
Dividends paid to common and preferred shareholders		(25,136	)		(22,243	)		(18,119	)
Net cash used in financing activities		(23,218	)		(33,606	)		(18,105	)
Net increase (decrease) in cash and cash equivalents		38,759			6,760			(8,445	)
Cash and short-term investments at beginning of year		22,973			16,213			24,658
Cash and short-term investments at end of year	$	61,732		$	22,973		$	16,213

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Regulatory Matters - Additional Information (Detail) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Potential maximum dividends without prior regulatory approval	$ 28,500,000
Average required reserve balance in Federal Reserve Bank	5,000,000	5,000,000
Percentage of Risk-weighted assets in bank holding companies in total capital	8.00%
Percentage of Risk-weighted assets in banking subsidiaries	4.00%
Percentage of well-capitalized levels of Tier 1 risk-based capital	6.00%
Percentage of well-capitalized levels of total risk-based capital	10.00%
Minimum tier 1 leverage ratio	9.88%	9.27%
Percentage of well-capitalized levels of Tier 1 leverage capital
Junior Subordinated Debt	106,176,000	106,137,000
Provision of the Dodd-Frank	15,000,000,000
Trust Preferred Securities	102,980,000
Minimum [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Minimum tier 1 leverage ratio	3.00%
WesBanco Bank Inc [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Percentage of Risk-weighted assets in bank holding companies in total capital	8.00%
Percentage of well-capitalized levels of Tier 1 risk-based capital	6.00%
Percentage of well-capitalized levels of total risk-based capital	10.00%
Minimum tier 1 leverage ratio	8.63%	8.58%
Percentage of well-capitalized levels of Tier 1 leverage capital	5.00%
Junior Subordinated Debt [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Junior Subordinated Debt	$ 106,200,000

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Loans and the Allowance for Credit Losses - Recorded Investment in Non-Accrual Loans and TDRs (Detail) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Financing Receivable, Impaired [Line Items]
Non-accrual loans	$ 38,818	$ 36,633
TDRs	17,486	24,185
Accruing TDRs [Member]
Financing Receivable, Impaired [Line Items]
TDRs	12,066	14,861
Non-Accrual TDRs [Member]
Financing Receivable, Impaired [Line Items]
TDRs	5,420	9,324
Commercial Real Estate - Land and Construction [Member]
Financing Receivable, Impaired [Line Items]
Non-accrual loans	1,488	2,564
TDRs	464	1,601
Commercial Real Estate - Land and Construction [Member] | Non-Accrual TDRs [Member]
Financing Receivable, Impaired [Line Items]
TDRs	464	1,601
Commercial Real Estate - Improved Property [Member]
Financing Receivable, Impaired [Line Items]
Non-accrual loans	20,227	17,305
TDRs	4,287	6,710
Commercial Real Estate - Improved Property [Member] | Accruing TDRs [Member]
Financing Receivable, Impaired [Line Items]
TDRs	2,437	3,052
Commercial Real Estate - Improved Property [Member] | Non-Accrual TDRs [Member]
Financing Receivable, Impaired [Line Items]
TDRs	1,850	3,658
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Non-accrual loans	21,715	19,869
TDRs	4,751	8,311
Commercial Real Estate [Member] | Accruing TDRs [Member]
Financing Receivable, Impaired [Line Items]
TDRs	2,437	3,052
Commercial Real Estate [Member] | Non-Accrual TDRs [Member]
Financing Receivable, Impaired [Line Items]
TDRs	2,314	5,259
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
Non-accrual loans	4,110	4,380
TDRs	807	994
Commercial and Industrial [Member] | Accruing TDRs [Member]
Financing Receivable, Impaired [Line Items]
TDRs	329	415
Commercial and Industrial [Member] | Non-Accrual TDRs [Member]
Financing Receivable, Impaired [Line Items]
TDRs	478	579
Residential Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Non-accrual loans	10,329	10,240
TDRs	10,289	12,841
Residential Real Estate [Member] | Accruing TDRs [Member]
Financing Receivable, Impaired [Line Items]
TDRs	8,215	9,850
Residential Real Estate [Member] | Non-Accrual TDRs [Member]
Financing Receivable, Impaired [Line Items]
TDRs	2,074	2,991
Home Equity [Member]
Financing Receivable, Impaired [Line Items]
Non-accrual loans	1,923	1,604
TDRs	985	1,191
Home Equity [Member] | Accruing TDRs [Member]
Financing Receivable, Impaired [Line Items]
TDRs	740	902
Home Equity [Member] | Non-Accrual TDRs [Member]
Financing Receivable, Impaired [Line Items]
TDRs	245	289
Consumer [Member]
Financing Receivable, Impaired [Line Items]
Non-accrual loans	741	540
TDRs	654	848
Consumer [Member] | Accruing TDRs [Member]
Financing Receivable, Impaired [Line Items]
TDRs	345	642
Consumer [Member] | Non-Accrual TDRs [Member]
Financing Receivable, Impaired [Line Items]
TDRs	$ 309	$ 206

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Condensed Parent Company Financial Statements - Schedule of Condensed Balance Sheet (Detail) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
ASSETS
Cash and short-term investments	$ 94,002	$ 95,551	$ 125,605	$ 140,325
Securities available-for-sale, at fair value	917,424	934,386
Other assets	89,072	107,979
Total Assets	6,296,565	6,144,773
LIABILITIES
Junior subordinated debt owed to unconsolidated subsidiary trusts	106,176	106,137
Total Liabilities	5,508,375	5,398,178
SHAREHOLDERS' EQUITY	788,190	746,595	714,184	633,790
Total Liabilities and Shareholders' Equity	6,296,565	6,144,773
Parent Company [Member]
ASSETS
Cash and short-term investments	61,732	22,973	16,213	24,658
Investment in subsidiaries-Bank	814,227	806,586
Investment in subsidiaries-Nonbank	5,343	5,527
Securities available-for-sale, at fair value	2,189	4,113
Other assets	17,553	18,983
Total Assets	901,044	858,182
LIABILITIES
Junior subordinated debt owed to unconsolidated subsidiary trusts	106,176	106,137
Dividends payable and other liabilities	6,678	5,450
Total Liabilities	112,854	111,587
SHAREHOLDERS' EQUITY	788,190	746,595
Total Liabilities and Shareholders' Equity	$ 901,044	$ 858,182

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Securities - Schedule of Fair Value and Amortized Cost of Available-for-sale and Held-to-maturity Securities (Detail) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Schedule of Trading Securities and Other Trading Assets [Line Items]
Available-for-sale, Amortized Cost	$ 912,850	$ 944,074
Available-for-sale, Gross Unrealized Gains	11,771	8,999
Available-for-sale, Gross Unrealized Losses	(7,197)	(18,687)
Available-for-sale, Estimated Fair Value	917,424	934,386
Held-to-maturity, Amortized Cost	593,670	598,520
Held-to-maturity, Gross Unrealized Gains	27,285	12,962
Held-to-maturity, Gross Unrealized Losses	(1,338)	(15,174)
Held-to-maturity securities, Fair value	619,617	596,308
Total securities, Amortized Cost	1,506,520	1,542,594
Total securities, Gross Unrealized Gains	39,056	21,961
Total securities, Gross Unrealized Losses	(8,535)	(33,861)
Total securities, Estimated Fair Value	1,537,041	1,530,694
Residential Mortgage-Backed Securities and Collateralized Mortgage Obligations of Government Agencies [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Available-for-sale, Amortized Cost	703,535	707,000
Available-for-sale, Gross Unrealized Gains	4,336	3,191
Available-for-sale, Gross Unrealized Losses	(6,758)	(15,924)
Available-for-sale, Estimated Fair Value	701,113	694,267
Held-to-maturity, Amortized Cost	79,004	99,409
Held-to-maturity, Gross Unrealized Gains	3,262	2,804
Held-to-maturity, Gross Unrealized Losses	(246)	(1,023)
Held-to-maturity securities, Fair value	82,020	101,190
Obligations of State and Political Subdivisions [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Available-for-sale, Amortized Cost	86,073	112,536
Available-for-sale, Gross Unrealized Gains	5,365	4,165
Available-for-sale, Gross Unrealized Losses	(5)	(355)
Available-for-sale, Estimated Fair Value	91,433	116,346
Held-to-maturity, Amortized Cost	507,927	496,396
Held-to-maturity, Gross Unrealized Gains	23,917	10,158
Held-to-maturity, Gross Unrealized Losses	(1,043)	(13,906)
Held-to-maturity securities, Fair value	530,801	492,648
Corporate Debt Securities [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Available-for-sale, Amortized Cost	25,974	38,777
Available-for-sale, Gross Unrealized Gains	141	174
Available-for-sale, Gross Unrealized Losses	(119)	(470)
Available-for-sale, Estimated Fair Value	25,996	38,481
Held-to-maturity, Amortized Cost	6,739	2,715
Held-to-maturity, Gross Unrealized Gains	106
Held-to-maturity, Gross Unrealized Losses	(49)	(245)
Held-to-maturity securities, Fair value	6,796	2,470
Obligations of Government Agencies [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Available-for-sale, Amortized Cost	86,964	75,164
Available-for-sale, Gross Unrealized Gains	1,087	6
Available-for-sale, Gross Unrealized Losses	(315)	(1,938)
Available-for-sale, Estimated Fair Value	87,736	73,232
Debt Securities [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Available-for-sale, Amortized Cost	902,546	933,477
Available-for-sale, Gross Unrealized Gains	10,929	7,536
Available-for-sale, Gross Unrealized Losses	(7,197)	(18,687)
Available-for-sale, Estimated Fair Value	906,278	922,326
Equity Securities [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Available-for-sale, Amortized Cost	10,304	10,597
Available-for-sale, Gross Unrealized Gains	842	1,463
Available-for-sale, Estimated Fair Value	$ 11,146	$ 12,060

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Goodwill and Other Intangible Assets - Additional Information (Detail) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Intangible Assets Goodwill And Other Assets [Line Items]
Goodwill	$ 312,100,000	$ 312,100,000
Other intangible assets	7,408,000	9,328,000
Amortization of intangible assets	$ 1,920,000	$ 2,288,000	$ 2,150,000
Minimum [Member]
Intangible Assets Goodwill And Other Assets [Line Items]
Other intangible assets amortized over estimated useful lives	10 years
Maximum [Member]
Intangible Assets Goodwill And Other Assets [Line Items]
Other intangible assets amortized over estimated useful lives	16 years

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Income Taxes - Additional Information (Detail) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Income Tax Disclosure [Line Items]
valuation allowance of deferred tax assets	$ 0
General business credit carryforwards	6,900,000
Alternative minimum tax credits	3,300,000
Federal deferred tax assets net operating loss carryforwards	600,000
Qualifying and non-qualifying tax bad debt reserves	15,200,000	15,200,000
Provision for income taxes	0
Related amount of unrecognized deferred tax liability	5,600,000	5,600,000
Federal and state income taxes applicable to securities transactions	300,000	200,000	900,000
Unrecognized tax benefits and interest	701,000	673,000	668,000	784,000
Unrecognized tax benefits that would affect the effective tax rate	700,000
Accrued interest related to uncertain tax positions	$ 23,000	$ 52,000
Earliest Tax Year [Member]
Income Tax Disclosure [Line Items]
Earliest year for tax examination	2013

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Commitments and Contingent Liabilities (Tables)

12 Months Ended

Dec. 31, 2014

Commitments and Contingencies Disclosure [Abstract]

Commitments to Extend Credit, Guarantees and Various Letters of Credit Outstanding

The following table presents total commitments to extend credit, guarantees and various letters of credit outstanding:

	December 31,
(in thousands)	2014		2013
Lines of credit	$	984,352	$	964,777
Loans approved but not closed		116,757		73,937
Overdraft limits		95,965		96,291
Letters of credit		23,362		18,686
Contingent obligations to purchase loans funded by other entities		8,312		6,327

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Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2014

Accounting Policies [Abstract]

Nature of Operations

Nature of Operations—WesBanco, Inc. (“WesBanco”) is a bank holding company offering a full range of financial services, including trust and investment services, mortgage banking, insurance and brokerage services. WesBanco’s defined business segments are community banking and trust and investment services. WesBanco’s banking subsidiary, WesBanco Bank, Inc. (“WesBanco Bank” or the “Bank”), headquartered in Wheeling, West Virginia, operates through 120 banking offices, one loan production office and 107 ATM machines in West Virginia, Ohio and western Pennsylvania. In addition, WesBanco operates an insurance brokerage company, WesBanco Insurance Services, Inc., and a full service broker/dealer, WesBanco Securities, Inc.

Use of Estimates

Use of Estimates—The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Principles of Consolidation

Principles of Consolidation—The Consolidated Financial Statements include the accounts of WesBanco and those entities in which WesBanco has a controlling financial interest. All material intercompany balances and transactions have been eliminated in consolidation.

WesBanco determines whether it has a controlling financial interest in an entity by first evaluating whether the entity is a voting interest entity or a variable interest entity. A voting interest entity is an entity in which the total equity investment at risk is sufficient to enable the entity to finance itself independently and provides the equity holders with the obligation to absorb losses, the right to receive residual returns and the right to make financial and operating decisions. WesBanco consolidates voting interest entities in which it owns all, or at least a majority (generally, greater than 50%) of the voting interest.

Variable Interest Entities

Variable Interest Entities—Variable interest entities (“VIE”) are entities that in general either do not have equity investors with voting rights or that have equity investors that do not provide sufficient financial resources for the entity to support its activities. WesBanco uses VIEs in various legal forms to conduct normal business activities. WesBanco reviews the structure and activities of VIEs for possible consolidation.

A controlling financial interest in a VIE is present when an enterprise has both the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance and the obligation to absorb losses of the VIE that could potentially be significant to the VIE or the right to receive benefits of the VIE that could potentially be significant to the VIE. A VIE often holds financial assets, including loans or receivables, real estate or other property. The company with a controlling financial interest, known as the primary beneficiary, is required to consolidate the VIE. WesBanco has eight wholly-owned trust subsidiaries (collectively, the “Trusts”), for which it does not absorb a majority of expected losses or receive a majority of the expected residual returns. Accordingly, the Trusts and their net assets are not included in the Consolidated Financial Statements. However, the junior subordinated deferrable interest debentures issued by WesBanco to the Trusts (refer to Note 10, “Junior Subordinated Debt Owed to Unconsolidated Subsidiary Trusts”) and the minority interest in the common stock issued by the Trusts is included in the Consolidated Balance Sheets. WesBanco also owns non-controlling variable interests in certain limited partnerships for which it does not absorb a majority of expected losses or receive a majority of expected residual returns which are not included in the Consolidated Financial Statements. Refer to Note 7, “Investments in Limited Partnerships” for further detail.

Revenue Recognition

Revenue Recognition—Interest and dividend income, loan fees, trust fees, fees and charges on deposit accounts, insurance commissions and other ancillary income related to the Bank’s deposits and lending activities, as well as income at WesBanco’s other subsidiary companies, are accrued as earned.

Cash and Cash Equivalents

Cash and Cash Equivalents—Cash and cash equivalents include cash and due from banks, due from banks —interest bearing and federal funds sold. Generally, federal funds are sold for one-day periods.

Securities

Securities—Available-for-sale securities: Debt securities not classified as trading or held-to-maturity are classified as available-for-sale. These securities may be sold at any time based upon management’s assessment of changes in economic or financial market conditions, interest rate or prepayment risks, liquidity considerations and other factors. These securities are stated at fair value, with the fair value adjustment, net of tax, reported as a separate component of accumulated other comprehensive income.

Held-to-maturity securities: Securities that are purchased with the positive intent and ability to be held until their maturity are stated at cost and adjusted for amortization of premiums and accretion of discounts. Transfers of debt securities into the held-to-maturity category from the available-for-sale category are made at fair value at the date of transfer. The unrealized gain or loss at the date of transfer is retained in other comprehensive income and in the carrying value of the held-to-maturity securities. Such amounts are amortized over the remaining life of the security.

Cost method investments: Securities that do not have readily determinable fair values and for which WesBanco does not exercise significant influence are carried at cost. Cost method investments consist primarily of Federal Home Loan Bank (“FHLB”) stock and are included in other assets in the Consolidated Balance Sheets. Cost method investments are evaluated for impairment whenever events or circumstances suggest that their carrying value may not be recoverable.

Securities acquired in acquisitions are recorded at fair value with the premium or discount derived from the fair market value adjustment recognized into interest income on a level yield basis over the remaining life of the security.

Gains and losses: Net realized gains and losses on sales of securities are included in non-interest income. The cost of securities sold is based on the specific identification method. The gain or loss is determined as of the trade date. Prior unrealized gains and losses are recorded through other comprehensive income and reversed when gains or losses are realized or if an impairment charge is recorded.

Amortization and accretion: Generally, premiums are amortized to call date and discounts are accreted to maturity, on a level yield basis.

Other-than-temporary impairment losses: An investment security is considered impaired if its fair value is less than its cost or amortized cost basis. If WesBanco intends to sell or will be required to sell the investment prior to recovery of cost, the entire impairment will be recognized in the Consolidated Statements of Income. If WesBanco does not intend to sell, nor is it more likely than not that it will be required to sell, impaired securities prior to the recovery of their cost, a review is conducted each quarter to determine if the impairment is other-than-temporary due to credit impairment. In estimating other-than-temporary impairment losses, WesBanco considers the financial condition and near-term prospects of the issuer, evaluating any credit downgrades or other indicators of a potential credit problem, the extent and duration of the decline in fair value, the type of security, either fixed or equity, and the receipt of principal and interest according to the contractual terms. If the impairment is to be considered temporary, the impairment for available-for-sale securities is recognized in other comprehensive income in the Consolidated Balance Sheet. If the impairment is to be considered other-than-temporary based on management’s review of the various factors that indicate credit impairment, the impairment must be separated into credit and non-credit portions. The credit portion is recognized in the Consolidated Statements of Income. For available-for-sale securities, the non-credit portion is calculated as the difference between the present value of the future cash flows and the fair value of the security and is recognized in other comprehensive income.

Loans and Loans Held for Sale

Loans and Loans Held for Sale—Loans originated by WesBanco are reported at the principal amount outstanding, net of unearned income, credit valuation adjustments, and unamortized deferred loan fee income and loan origination costs. Interest is accrued as earned on loans except where doubt exists as to collectability, in which case accrual of income is discontinued. Loans originated and intended for sale are carried, in aggregate, at the lower of cost or estimated market value. Portfolio loans specifically identified as held for sale are recorded at the contractual sales price or third party valuation less selling costs.

Loans acquired in acquisitions are recorded at fair value with no carryover of related allowance for credit losses. The premium or discount derived from the fair market value adjustment is recognized into interest income using a level yield method over the remaining expected life of the loan.

Loan origination fees and direct costs are deferred and accreted or amortized into interest income or expense, as an adjustment to the yield, over the life of the loan using the level yield method. When a loan is paid off, the remaining unaccreted or unamortized net origination fees or costs are immediately recognized into income or expense.

Loans are generally placed on non-accrual when they are 90 days past due unless the loan is well-secured and in the process of collection. Loans may be returned to accrual status when a borrower has resumed paying principal and interest for a sustained period of at least six months and the Bank is reasonably assured of collecting the remaining contractual principal and interest. Loans are returned to accrual status at an amount equal to the principal balance of the loan at the time of non-accrual status less any payments applied to principal during the non-accrual period. Loans are reported as a troubled debt restructuring (“TDR”) when WesBanco for economic or legal reasons related to a borrower’s financial difficulties grants a concession to the borrower that it would not otherwise consider. Refer to the “TDR” policy below for additional detail.

A loan is considered impaired, based on current information and events, if it is probable that WesBanco will be unable to collect the payments of principal and interest when due according to the contractual terms of the loan agreement. Impaired loans include all non-accrual loans and TDRs. WesBanco recognizes interest income on non-accrual loans on the cash basis only if recovery of principal is reasonably assured.

Consumer loans are charged down to the net realizable value at 120 days past due for closed-end loans and 180 days past due for open-end revolving lines of credit. Residential real estate loans are charged down to the net realizable value of the collateral at 180 days past due. Commercial loans are charged down to the net realizable value when it is determined that WesBanco will be unable to collect the principal amount in full. Loans are reclassified to other assets at the net realizable value when foreclosure or repossession of the collateral occurs. Refer to the “Other Real Estate Owned and Repossessed Assets” policy below for additional detail.

Allowance for Credit Losses

Allowance for Credit Losses—The allowance for credit losses represents management’s estimate of probable losses inherent in the loan portfolio and in future advances against loan commitments. Determining the amount of the allowance requires significant judgment about the collectability of loans and the factors that deserve consideration in estimating probable credit losses. The allowance is increased by a provision charged to operating expense and reduced by charge-offs, net of recoveries. Management evaluates the adequacy of the allowance at least quarterly. This evaluation is inherently subjective as it requires material estimates that may be susceptible to significant change from period to period.

The evaluation includes an assessment of quantitative factors such as actual loss experience within each category of loans and testing of certain loans for impairment. The evaluation also considers qualitative factors such as economic trends and conditions, which includes levels of unemployment, real estate values and the impact on specific industries and geographical markets, changes in lending policies and underwriting standards, delinquency and other credit quality trends, concentrations of credit risk, if any, the results of internal loan reviews and examinations by bank regulatory agencies, the volatility of historical loss rates, the velocity of changes in historical loss rates, and regulatory guidance pertaining to the allowance for credit losses. Management relies on observable data from internal and external sources to the extent it is available to evaluate each of these factors and adjusts the actual historical loss rates to reflect the impact these factors may have on probable losses in the portfolio.

Commercial real estate and commercial and industrial loans greater than $1 million that are reported as non-accrual or a TDR are tested individually for impairment. Specific reserves are established when appropriate for such loans based on the present value of expected future cash flows of the loan or the estimated realizable value of the collateral, if any.

General reserves are established for loans that are not individually tested for impairment based on historical loss rates adjusted for the impact of the qualitative factors discussed above. Historical loss rates for commercial real estate and commercial and industrial loans are determined for each internal risk grade or groups of pass grades using a migration analysis that categorizes each charged-off loan based on its risk grade twelve months prior to the charge-off. Historical loss rates for commercial real estate land and construction, residential real estate, home equity and consumer loans are determined for the total of each category of loans. Historical loss rates for deposit account overdrafts are based on actual losses in relation to average overdrafts for the period.

Management has determined that the greater of the most recent twelve or thirty-six month historical loss rate is generally the most indicative of probable losses in the portfolio because the twelve month loss rate more accurately reflects the adverse impact of current conditions during periods of economic stress while the thirty-six month loss rate more accurately reflects probable losses during normal economic cycles. Historical loss rates for longer periods than thirty-six months may not be as meaningful because of changes in the risk profile and characteristics of the portfolio that can occur over longer periods of time. However, management does evaluate historical loss rates for periods longer than thirty-six months to give adequate consideration to the longer economic cycle and its impact on probable losses in the current period.

Management may also adjust its assumptions to account for differences between estimated and actual incurred losses from period to period. The variability of management’s assumptions could alter the level of the allowance for credit losses and may have a material impact on future results of operations and financial condition. The loss estimation models and methods used to determine the allowance for credit losses is continually refined and enhanced; however there have been no material substantive changes compared to prior periods.

TDRs

TDRs—A restructuring of a debt constitutes a TDR if the creditor for economic or legal reasons related to the debtor’s financial difficulties grants a concession to the debtor that it would not otherwise consider. The determination of whether a concession has been granted includes an evaluation of the debtor’s ability to access funds at a market rate for debt with similar risk characteristics and among other things, the significance of the modification relative to unpaid principal or collateral value of the debt, and/or the significance of a delay in the timing of payments relative to the frequency of payments, original maturity date, or the expected duration of the loan. The most common concessions granted generally include one or more modifications to the terms of the debt such as a reduction in the interest rate for the remaining life of the debt, an extension of the maturity date at an interest rate lower than the current market rate for new debt with similar risk, or reduction of the unpaid principal or interest. Additionally, all consumer bankruptcies are considered TDR. All TDRs are considered impaired loans.

When determining whether a debtor is experiencing financial difficulties, consideration is given to any known default on any of its debt or whether it is probable that the debtor would be in payment default in the foreseeable future without the modification. Other indicators of financial difficulty include whether the debtor has declared or is in the process of declaring bankruptcy, the debtor’s ability to continue as a going concern, or the debtor’s projected cash flow to service its debt (including principal & interest) in accordance with the contractual terms for the foreseeable future, without a modification. If the payment of principal at original maturity is primarily dependent on the value of collateral, the current value of that collateral is considered in determining whether the principal will be paid.

The restructuring of a loan does not have a material effect on the allowance or provision for credit losses as the internal risk grade of a loan has more influence on the allowance than the classification of a loan as a TDR. The internal risk rating is the primary factor for establishing the allowance for commercial loans, including commercial real estate except for loans that are individually evaluated for impairment, in which case a specific reserve is established pursuant to GAAP. Portfolio segment loss history is the primary factor for establishing the allowance for residential real estate, home equity and consumer loans.

Non-accrual loans that are restructured remain on non-accrual, but may move to accrual status after they have performed according to the restructured terms for a period of time. TDRs on accrual status generally remain on accrual status as long as they continue to perform in accordance with their modified terms. TDRs may also be placed on non-accrual if they do not perform in accordance with the restructured terms. Loans may be removed from TDR status after they have performed according to the renegotiated terms for a period of time if the interest rate under the modified terms is at or above market, or if the loan returns to its original terms.

Mortgage Servicing Rights

Mortgage Servicing Rights—Mortgage servicing rights (“MSRs”) represent the right to service loans for third party investors. MSRs are recognized as a separate asset for the rights to service mortgage loans for others, regardless of how those servicing rights are acquired. MSRs are recognized upon the sale of mortgage loans to a third party investor with the servicing rights retained by WesBanco. Servicing loans for others generally consists of collecting mortgage payments from borrowers, maintaining escrow accounts, remitting payments to third party investors and when necessary, foreclosure processing. Serviced loans are not included in the Consolidated Balance Sheets. Loan servicing income includes servicing fees received from the third party investors and certain charges collected from the borrowers. Originated MSRs are recorded at allocated fair value at the time of the sale of the loans to the third party investor. MSRs are amortized in proportion to and over the estimated period of net servicing income. MSRs are carried at amortized cost, less a valuation allowance for impairment, if any. Impairment exists if the carrying value of MSRs exceeds the estimated fair value of the MSRs.

Premises and Equipment

Premises and Equipment—Premises and equipment are stated at cost less accumulated depreciation and amortization. Depreciation is computed using the straight-line method over the estimated useful lives of the assets. Leasehold improvements are amortized over the shorter of the estimated economic useful lives of the leased assets or the remaining terms of the underlying leases. Useful lives range from three to ten years for furniture and equipment, 15 to 39 years for buildings and building improvements, and 15 years for land improvements. Maintenance and repairs are expensed as incurred while major improvements that extend the useful life of an asset are capitalized and depreciated over the estimated remaining useful life of the asset.

Other Real Estate Owned and Repossessed Assets

Other Real Estate Owned and Repossessed Assets—Other real estate owned and repossessed assets, which are considered available-for-sale and are reported in other assets, are carried at the lower of cost or their estimated current fair value, less estimated costs to sell. Other real estate owned consists primarily of properties acquired through, or in lieu of, foreclosures. Repossessed collateral primarily consists of automobiles and other types of collateral acquired to satisfy defaulted consumer loans. Subsequent declines in fair value, if any, income and expense associated with the management of the collateral, and gains or losses on the disposition of these assets are recognized in the Consolidated Statements of Income.

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets—WesBanco accounts for business combinations using the acquisition method of accounting. Accordingly, the identifiable assets acquired, the liabilities assumed, and any non-controlling interest of an acquired business are recorded at their estimated fair values as of the date of acquisition with any excess of the cost of the acquisition over the fair value recorded as goodwill. Other intangible assets represent purchased assets that lack physical substance but can be distinguished from goodwill because of contractual or other legal rights or because the asset is capable of being sold or exchanged either on its own or in combination with a related contract, asset, or liability.

Goodwill is not amortized but is evaluated for impairment annually, or more often if events or circumstances indicate it may be impaired. Finite-lived intangible assets, which consist primarily of core deposit and customer list intangibles (long-term customer-relationship intangible assets) are amortized using straight-line and accelerated methods over their weighted-average estimated useful lives, ranging from ten to sixteen years in total, and are tested for impairment whenever events or circumstances indicate that their carrying amount may not be recoverable.

Goodwill is evaluated for impairment by either assessing qualitative factors to determine whether it is necessary to perform the two-step goodwill impairment test, or WesBanco may elect to perform the two-step goodwill impairment test. Under the qualitative assessment, WesBanco assesses qualitative factors to determine whether it is more likely than not that the fair value of its reporting units are less than their carrying amounts, including goodwill. If it is more likely than not, the two-step goodwill impairment test is used to identify potential goodwill impairment and measure the amount of a goodwill impairment loss to be recognized, if any. In the first step, the estimated fair value of each reporting unit is compared to its carrying value, including goodwill. If the estimated fair value of a reporting unit exceeds its carrying amount, the goodwill of that reporting unit is not considered impaired, and no impairment loss is recognized. However, if the carrying amount of the reporting unit exceeds its fair value, step two, which involves comparing the implied fair value of goodwill to its carrying value, is completed and to the extent that the carrying value of goodwill exceeds its implied fair value, an impairment loss is recognized.

Intangible assets with finite useful lives (primarily core deposit and customer list intangibles) are evaluated for impairment whenever events or changes in circumstances indicate that their carrying amount may not be recoverable. An impairment loss is recognized when the carrying amount of an intangible asset with a finite useful life is not recoverable from its undiscounted cash flows and is measured as the difference between the carrying amount and the fair value of the asset. WesBanco does not have any indefinite-lived intangible assets.

Bank-Owned Life Insurance

Bank-Owned Life Insurance—WesBanco has purchased life insurance policies on certain executive officers and employees. WesBanco receives the cash surrender value of each policy upon its termination or benefits are payable upon the death of the insured. These policies are recorded in the Consolidated Balance Sheets at their net cash surrender value. Changes in net cash surrender value are recognized in non-interest income in the Consolidated Statements of Income.

Interest Rate Lock Commitments

Interest Rate Lock Commitments—In order to attract potential home borrowers, WesBanco offers interest rate lock commitments (“IRLC”) to such potential borrowers. IRLC are generally for sixty days and guarantee a specified interest rate for a loan if underwriting standards are met, but the commitment does not obligate the potential borrower to close on the loan. Accordingly, some IRLC expire prior to the funding of the related loan. For all IRLC issued in connection with potential loans intended for sale, which consist primarily of originated longer-term fixed rate residential home mortgage loans that qualify for secondary market sale, the Bank enters into one-to-one forward sales contracts on a best efforts basis (if the loan does not close for whatever reason, there is no obligation on WesBanco’s part to sell the loan to the investor). WesBanco enters into such contracts in order to control interest rate risk during the period between the IRLC and loan funding. The IRLC is executed between the mortgagee and WesBanco, and in turn a forward sales contract is executed between WesBanco and an investor. Both the IRLC and the corresponding forward sales contract for each customer are considered a derivative. As such, changes in the fair value of the derivatives during the commitment period are recorded in current earnings and included in other income in the Consolidated Statements of Income. The fair value of IRLC is the gain or loss that would be realized on the underlying loans assuming exercise of the commitments under current market rates versus the rate incorporated in the commitments, taking into consideration fallout. The fair value of forward sales contracts is based on quoted market prices. Since loans typically close before receipt of funding from an investor, they are accounted for at the lower of cost or market as “Loans Held for Sale” in the Consolidated Balance Sheets.

Income Taxes

Income Taxes—The provision for income taxes included in the Consolidated Statements of Income includes both federal and state income taxes and is based on income in the financial statements, rather than amounts reported on WesBanco’s income tax returns. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. A test of the anticipated realizeability of deferred tax assets is performed at least annually.

Fair Value

Fair Value—The Accounting Standards Codification defines fair value as an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. Fair value measurements are not adjusted for transaction costs. The Codification also establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurement) and the lowest priority to unobservable inputs (Level 3 measurement). The three levels of the fair value hierarchy are described below:

Level 1—Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;

Level 2—Quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, or model-based valuation techniques where all significant assumptions are observable, either directly or indirectly, in the market;

Level 3—Valuation is generated from model-based techniques where all significant assumptions are not observable, either directly or indirectly, in the market. These unobservable assumptions reflect our own estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques may include use of discounted cash flow models and similar techniques.

A financial instrument’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement.

Earnings Per Common Share

Earnings Per Common Share—Basic earnings per common share (“EPS”) are calculated by dividing net income available to common shareholders, by the weighted-average number of shares of common stock outstanding during the period. For diluted EPS, the weighted-average number of shares for the period is increased by the number of shares which would be issued assuming the exercise of in-the-money common stock options and any outstanding warrants. Restricted stock shares are recorded as issued and outstanding upon their grant, rather than upon vesting, and therefore are included in the weighted-average shares outstanding due to voting rights granted at the time restricted stock is granted.

Trust Assets

Trust Assets—Assets held by the Bank in fiduciary or agency capacities for its customers are not included as assets in the Consolidated Balance Sheets. Certain money market trust assets are held on deposit at the Bank and are accounted for as such.

Stock-Based Compensation

Stock-Based Compensation—Stock-based compensation awards granted, comprised of stock options and restricted stock, are valued at fair value and compensation cost is recognized on a straight-line basis, net of estimated forfeitures, over the requisite service period of each award. For service-based awards with graded vesting schedules, compensation expense is divided equally among the vesting periods with each separately vested portion of the award recognized in compensation expense on a straight-line basis over the requisite service period.

Defined Benefit Pension Plan

Defined Benefit Pension Plan—WesBanco recognizes in the statement of financial position an asset for the plan’s overfunded status or a liability for the plan’s underfunded status. WesBanco recognizes fluctuations in the funded status in the year in which the changes occur through other comprehensive income. Plan assets are determined based on fair value generally representing observable market prices. The projected benefit obligation is determined based on the present value of projected benefit distributions at an assumed discount rate. The discount rate utilized is based on a fitted yield curve approach whereby the yield curve compares the expected stream of future benefit payments for the plan to high quality corporate bonds available in the marketplace to determine an equivalent discount rate. Periodic pension expense includes service costs, interest costs based on an assumed discount rate, an expected return on plan assets based on an actuarially-derived market-related value, an assumed rate of annual compensation increase, and amortization or accretion of actuarial gains and losses as well as other actuarial assumptions. The plan has been closed to new entrants since August, 2007.

Recent Accounting Pronouncements

Recent Accounting Pronouncements—In November 2014, the Financial Accounting Standards Board (the “FASB”) issued an Accounting Standards Update (“ASU”) (ASU 2014-17) related to pushdown accounting. The amendments in this Update provide an acquired entity with an option to apply pushdown accounting in its separate financial statements upon occurrence of an event in which an acquirer obtains control of the acquired entity. An acquired entity may elect the option to apply pushdown accounting in the reporting period in which the change-in-control event occurs. An acquired entity should determine whether to elect to apply pushdown accounting for each individual change-in-control event in which an acquirer obtains control of the acquired entity. If pushdown accounting is not applied in the reporting period in which the change-in-control event occurs, an acquired entity will have the option to elect to apply pushdown accounting in a subsequent reporting period to the acquired entity’s most recent change-in-control event. An election to apply pushdown accounting in a reporting period after the reporting period in which the change-in-control event occurred should be considered a change in accounting principle in accordance with Topic 250, Accounting Changes and Error Corrections. If pushdown accounting is applied to an individual change-in-control event, that election is irrevocable. If an acquired entity elects the option to apply pushdown accounting in its separate financial statements, it should disclose information in the current reporting period that enables users of financial statements to evaluate the effect of pushdown accounting. The pronouncement is effective on November 18, 2014, after this date, an acquired entity can make an election to apply the guidance to future change-in-control events or to its most recent change-in-control event. However, if the financial statements for the period in which the most recent change-in-control event occurred already have been issued or made available to be issued, the application of this guidance would be a change in accounting principle. WesBanco will make an election to apply push down accounting guidance to future change-in-control events either in the reporting period in with they occur or in subsequent periods. The adoption of this pronouncement did not impact WesBanco’s Consolidated Financial Statements.

In August 2014, the FASB issued an accounting pronouncement (ASU 2014-14) related to the classification of certain government-guaranteed mortgage loans upon foreclosure. The amendments in this update require that a mortgage loan be derecognized and that a separate other receivable be recognized upon foreclosure if the following conditions are met: (1) The loan has a government guarantee that is not separable from the loan before foreclosure, (2) at the time of foreclosure, the creditor has the intent to convey the real estate property to the guarantor and make a claim on the guarantee, and the creditor has the ability to recover under that claim, (3) at the time of foreclosure, any amount of the claim that is determined on the basis of the fair value of the real estate is fixed. Upon foreclosure, the separate other receivable should be measured based upon the amount of the loan balance (principal and interest) expected to be recovered from the guarantor. The pronouncement is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2014 and may be adopted under either a modified retrospective transition method or a prospective transition method. However, the same method of transition as elected under ASU 2014-04 must be applied. Early adoption is permitted. The adoption of this pronouncement is not expected to have a material impact on WesBanco’s Consolidated Financial Statements.

In June 2014, the FASB issued an accounting pronouncement (ASU 2014-11) related to repurchase-to-maturity transactions, repurchase financing and disclosures. The pronouncement changes the accounting for repurchase-to-maturity transactions and linked repurchase financings to secured borrowing accounting, which is consistent with the accounting for other repurchase agreements. The pronouncement also requires two new disclosures. The first disclosure requires an entity to disclose information on transfers accounted for as sales in transactions that are economically similar to repurchase agreements. The second disclosure provides increased transparency about the types of collateral pledged in repurchase agreements and similar transactions accounted for as secured borrowings. The pronouncement is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. Early adoption is not permitted. The adoption of this pronouncement is not expected to have a material impact on WesBanco’s Consolidated Financial Statements.

In May 2014, the FASB issued an accounting pronouncement (ASU 2014-09) related to the recognition of revenue from contracts with customers. The new revenue pronouncement creates a single source of revenue guidance for all companies in all industries and is more principles-based than current revenue guidance. The pronouncement provides a five-step model for a company to recognize revenue when it transfers control of goods or services to customers at an amount that reflects the consideration to which it expects to be entitled in exchange for those goods or services. The five steps are (1) identify the contract with the customer, (2) identify the separate performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the separate performance obligations and (5) recognize revenue when each performance obligation is satisfied. The pronouncement is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2016 using either a full retrospective approach for all periods presented in the period of adoption or a modified retrospective approach. Early adoption is not permitted. WesBanco is currently evaluating the impact of the adoption of this pronouncement on its Consolidated Financial Statements.

In January 2014, the FASB issued an accounting pronouncement (ASU 2014-04) related to in-substance repossessions and foreclosures. The pronouncement clarifies when an in-substance repossession or foreclosure occurs. A creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additionally, the amendments require interim and annual disclosure of both (1) the amount of foreclosed residential real estate property held by the creditor and (2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction. The pronouncement is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2014 and may be adopted under either a modified retrospective transition method or a prospective transition method. Early adoption is permitted. The adoption of this pronouncement did not have a material impact on WesBanco’s Consolidated Financial Statements.

In January 2014, the FASB issued an accounting pronouncement (ASU 2014-01) which applies to all reporting entities that invest in qualified affordable housing projects through limited liability entities. The pronouncement permits reporting entities to make an accounting policy election to account for these investments using the proportional amortization method if certain conditions exist. The pronouncement also requires disclosure that enables users of its financial statements to understand the nature of these investments. Under the proportional amortization method, an entity amortizes the initial cost of the investment in proportion to the tax credits and other tax benefits received and recognizes the net investment performance in the income statement as a component of income tax expense (benefit). The pronouncement should be applied retrospectively for all periods presented, effective for annual periods and interim reporting periods within those annual periods, beginning after December 15, 2014. Early adoption is permitted. The adoption of this pronouncement is not expected to have a material impact on WesBanco’s Consolidated Financial Statements.

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Goodwill and Other Intangible Assets - WesBanco's Capitalized Other Intangible Assets and Related Accumulated Amortization (Detail) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Other intangible assets:
Gross carrying amount	$ 38,048	$ 38,048
Accumulated amortization	(30,640)	(28,720)
Net carrying amount of other intangible assets	$ 7,408	$ 9,328

XML

Wesbanco Bank Community Development Corporation - Schedule of Condensed Income Statement (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended								12 Months Ended
	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Interest income
Loans									$ 172,182	$ 175,323	$ 166,656
Total interest income	54,185	54,303	54,044	53,457	54,257	54,317	54,424	54,892	215,991	217,890	211,686
Provision for loan losses									6,552	8,825	20,001
Net interest income after provision for credit losses	47,106	47,133	47,458	45,126	44,094	43,312	44,968	44,026	186,823	176,401	148,477
Non-interest income									68,504	69,285	64,775
Non-interest expense	41,972	39,263	40,304	40,095	40,743	40,009	39,499	40,747	161,633	160,998	150,120
Income before provision for income taxes	21,694	24,524	25,395	22,080	20,301	20,419	23,193	20,775	93,694	84,688	63,132
Provision for income taxes	5,182	6,358	6,520	5,659	4,948	4,884	6,176	4,754	23,720	20,763	13,588
Net income	16,512	18,166	18,875	16,421	15,353	15,535	17,017	16,021	69,974	63,925	49,544
WBCDC [Member]
Interest income
Loans									1,527
Total interest income									1,527
Provision for loan losses									43
Net interest income after provision for credit losses									1,484
Non-interest income									83
Non-interest expense									103
Income before provision for income taxes									1,464
Provision for income taxes									544
Net income									$ 920

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Business Segments - Additional Information (Detail) (USD $)	12 Months Ended
	Dec. 31, 2014 Segment	Dec. 31, 2013	Dec. 31, 2012
Segment Reporting Information [Line Items]
Operating segments	2
Trust and Investment Services [Member]
Segment Reporting Information [Line Items]
Market value of assets held by trust and investment services segment	3,800,000,000	$ 3,700,000,000	$ 3,200,000,000
Total non-fiduciary assets of the trust and investment services segment	4,000,000	$ 3,900,000	$ 2,800,000

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Loans and the Allowance for Credit Losses - Recognition of Interest Income on Impaired Loan (Detail) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Receivables [Abstract]
Average impaired loans	$ 50,384	$ 58,854	$ 71,759
Amount of contractual interest income on impaired loans	3,260	3,225	3,463
Amount of interest income recognized on impaired loans	$ 2,049	$ 1,880	$ 1,960

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Employee Benefit Plans - Summary of Benefit Obligations and Funded Status of the Plan (Detail) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Compensation Related Costs [Abstract]
Accumulated benefit obligation at end of year	$ 103,447	$ 81,478
Change in projected benefit obligation:
Projected benefit obligation at beginning of year	90,640	94,502
Service cost	2,909	3,120	2,737
Interest cost	4,745	4,096	3,882
Actuarial (gain) loss	25,392	(8,286)
Benefits paid	(5,425)	(2,792)
Projected benefit obligation at end of year	118,261	90,640	94,502
Change in fair value of plan assets:
Fair value of plan assets at beginning of year	100,274	82,608
Actual return on plan assets	7,688	15,458
Employer contribution	7,500	5,000	5,000
Benefits paid	(5,425)	(2,792)
Fair value of plan assets at end of year	110,037	100,274	82,608
Amounts recognized in the statement of financial position:
Funded status	(8,224)	9,634
Net amounts recognized as (payable) receivable pension costs in the consolidated balance sheets	(8,224)	9,634
Amounts recognized in accumulated other comprehensive income consist of:
Unrecognized prior service cost	182	227
Unrecognized net loss	35,834	12,371
Net amounts recognized in accumulated other comprehensive income (before tax)	$ 36,016	$ 12,598
Weighted average assumptions used to determine benefit obligations:
Discount rate	4.33%	5.17%
Rate of compensation increase	3.77%	3.97%
Expected long-term return on assets	7.00%	7.25%

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Securities - Schedule of Fair Value of Available-for-Sale and Held-to-Maturity Securities by Contractual Maturity (Detail) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Schedule Of Available For Sale Securities And Held To Maturity [Line Items]
Total available-for-sale securities, One Year or less	$ 16,346
Total available-for-sale securities, One to Five Years	60,967
Total available-for-sale securities, Five to Ten Years	73,056
Total available-for-sale securities, After Ten Years	54,796
Total available-for-sale securities, Mortgage-backed and Equity	712,259
Available-for-sale, Estimated Fair Value	917,424	934,386
Total held-to-maturity securities, One Year or less	3,377
Total held-to-maturity securities, One to Five Years	13,876
Total held-to-maturity securities, Five to Ten Years	223,223
Total held-to-maturity securities, After Ten Years	297,121
Total held-to-maturity securities, Mortgage-backed and Equity	82,020
Held-to-maturity securities, Fair value	619,617	596,308
Total securities, One Year or less	19,723
Total securities, One to Five Years	74,843
Total securities, Five to Ten Years	296,279
Total securities, After Ten Years, Fair value	351,917
Total securities, Mortgage- backed and Equity	794,279
Total securities, Fair value	1,537,041
Obligations of Government Agencies [Member]
Schedule Of Available For Sale Securities And Held To Maturity [Line Items]
Total available-for-sale securities, One to Five Years	25,645
Total available-for-sale securities, Five to Ten Years	44,952
Total available-for-sale securities, After Ten Years	17,139
Available-for-sale, Estimated Fair Value	87,736	73,232
Residential Mortgage-Backed Securities and Collateralized Mortgage Obligations of Government Agencies [Member]
Schedule Of Available For Sale Securities And Held To Maturity [Line Items]
Total available-for-sale securities, Mortgage-backed and Equity	701,113
Available-for-sale, Estimated Fair Value	701,113	694,267
Total held-to-maturity securities, Mortgage-backed and Equity	82,020
Held-to-maturity securities, Fair value	82,020	101,190
Obligations of State and Political Subdivisions [Member]
Schedule Of Available For Sale Securities And Held To Maturity [Line Items]
Total available-for-sale securities, One Year or less	6,312
Total available-for-sale securities, One to Five Years	33,242
Total available-for-sale securities, Five to Ten Years	19,089
Total available-for-sale securities, After Ten Years	32,790
Available-for-sale, Estimated Fair Value	91,433	116,346
Total held-to-maturity securities, One Year or less	3,377
Total held-to-maturity securities, One to Five Years	13,876
Total held-to-maturity securities, Five to Ten Years	216,427
Total held-to-maturity securities, After Ten Years	297,121
Held-to-maturity securities, Fair value	530,801	492,648
Corporate Debt Securities [Member]
Schedule Of Available For Sale Securities And Held To Maturity [Line Items]
Total available-for-sale securities, One Year or less	10,034
Total available-for-sale securities, One to Five Years	2,080
Total available-for-sale securities, Five to Ten Years	9,015
Total available-for-sale securities, After Ten Years	4,867
Available-for-sale, Estimated Fair Value	25,996	38,481
Total held-to-maturity securities, Five to Ten Years	6,796
Held-to-maturity securities, Fair value	6,796	2,470
Equity Securities [Member]
Schedule Of Available For Sale Securities And Held To Maturity [Line Items]
Total available-for-sale securities, Mortgage-backed and Equity	11,146
Available-for-sale, Estimated Fair Value	$ 11,146	$ 12,060

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Comprehensive Income/(Loss) - Components of Accumulated Other Comprehensive Income/(Loss) (Detail) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Statement of Comprehensive Income [Abstract]
Beginning Balance, Defined Benefit Pension Plan	$ (7,966)	$ (21,401)	$ (15,155)
Defined Benefit Pension Plan, Other comprehensive income/(loss) before reclassifications	(15,768)	11,224	(7,660)
Defined Benefit Pension Plan, Amounts reclassified from accumulated other comprehensive income/(loss)	958	2,211	1,414
Defined Benefit Pension Plan, Period change	(14,810)	13,435	(6,246)
Ending Balance, Defined Benefit Pension Plan	(22,776)	(7,966)	(21,401)
Beginning Balance, Unrealized Gains (Losses) on Securities Available-for-Sale	(6,126)	13,032	11,292
Unrealized Gains (Losses) on Securities Available-for-Sale, Other comprehensive income/(loss) before reclassifications	9,638	(19,102)	3,086
Unrealized Gains (Losses) on Securities Available-for-Sale, Amounts reclassified from accumulated other comprehensive income/(loss)	(620)	(56)	(1,346)
Net effect on other comprehensive income for the period	9,018	(19,158)	1,740
Ending Balance, Unrealized Gains (Losses) on Securities Available-for-Sale	2,892	(6,126)	13,032
Beginning Balance, Unrealized Gains on Securities Transferred from Available-for-Sale to Held-to-Maturity	1,358	2,004	2,961
Unrealized Gains on Securities Transferred from Available-for-Sale to Held-to-Maturity, Other comprehensive income/(loss) before reclassifications	0	0	0
Unrealized Gains on Securities Transferred from Available-for-Sale to Held-to-Maturity, Amounts reclassified from accumulated other comprehensive income/(loss)	(299)	(646)	(957)
Unrealized Gains on Securities Transferred from Available-for-Sale to Held-to-Maturity, Period change	(299)	(646)	(957)
Ending Balance, Unrealized Gains on Securities Transferred from Available-for-Sale to Held-to-Maturity	1,059	1,358	2,004
Beginning Balance, Accumulated Other Comprehensive Income/(loss)	(12,734)	(6,365)	(902)
Other comprehensive income/(loss) before reclassifications	(6,130)	(7,878)	(4,574)
Amounts reclassified from accumulated other comprehensive income/(loss)	39	1,509	(889)
Total other comprehensive income	(6,091)	(6,369)	(5,463)
Ending Balance, Accumulated Other Comprehensive Income/(loss)	$ (18,825)	$ (12,734)	$ (6,365)

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Premises and Equipment - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Property, Plant and Equipment [Abstract]
Depreciation and amortization expense charged	$ 7.4	$ 7.0	$ 6.1
Rent expense under leases	$ 2.7	$ 2.7	$ 2.5

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Junior Subordinated Debt Owed to Unconsolidated Subsidiary Trusts - Schedule of Junior Subordinated Debt by Trust (Detail) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Trust Preferred Securities [Line Items]
Trust Preferred Securities	$ 102,980
Common Securities	3,196
Junior Subordinated Debt	106,176	106,137
WesBanco Capital Trust II [Member]
Trust Preferred Securities [Line Items]
Trust Preferred Securities	13,000
Common Securities	410
Junior Subordinated Debt	13,410
Stated Maturity Date	Jun. 30, 2033
Optional Redemption Date	Jun. 30, 2008
WesBanco Capital Statutory Trust III [Member]
Trust Preferred Securities [Line Items]
Trust Preferred Securities	17,000
Common Securities	526
Junior Subordinated Debt	17,526
Stated Maturity Date	Jun. 26, 2033
Optional Redemption Date	Jun. 26, 2008
WesBanco Capital Trust IV [Member]
Trust Preferred Securities [Line Items]
Trust Preferred Securities	20,000
Common Securities	619
Junior Subordinated Debt	20,619
Stated Maturity Date	Jun. 17, 2034
Optional Redemption Date	Jun. 17, 2009
WesBanco Capital Trust V [Member]
Trust Preferred Securities [Line Items]
Trust Preferred Securities	20,000
Common Securities	619
Junior Subordinated Debt	20,619
Stated Maturity Date	Jun. 17, 2034
Optional Redemption Date	Jun. 17, 2009
WesBanco Capital Trust VI [Member]
Trust Preferred Securities [Line Items]
Trust Preferred Securities	15,000
Common Securities	464
Junior Subordinated Debt	15,464
Stated Maturity Date	Mar. 17, 2035
Optional Redemption Date	Mar. 17, 2010
Oak Hill Capital Trust 2 [Member]
Trust Preferred Securities [Line Items]
Trust Preferred Securities	5,000
Common Securities	155
Junior Subordinated Debt	5,155
Stated Maturity Date	Oct. 18, 2034
Optional Redemption Date	Oct. 18, 2009
Oak Hill Capital Trust 3 [Member]
Trust Preferred Securities [Line Items]
Trust Preferred Securities	8,000
Common Securities	248
Junior Subordinated Debt	8,248
Stated Maturity Date	Oct. 18, 2034
Optional Redemption Date	Oct. 18, 2009
Oak Hill Capital Trust 4 [Member]
Trust Preferred Securities [Line Items]
Trust Preferred Securities	4,980
Common Securities	155
Junior Subordinated Debt	$ 5,135
Stated Maturity Date	Jun. 30, 2035
Optional Redemption Date	Jun. 30, 2015

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Investments in Limited Partnerships - Additional Information (Detail) (USD $)	12 Months Ended
	Dec. 31, 2014 Partnership	Dec. 31, 2013	Dec. 31, 2012
Equity Method Investments and Joint Ventures [Abstract]
Amount invested in partnerships	$ 1,700,000	$ 2,600,000
Unfunded equity commitments in other liabilities	600,000	1,100,000
Partnerships losses and impairment	900,000	1,200,000	1,500,000
Tax benefits including low-income housing and historic tax credits	700,000	800,000	900,000
Number of limited partnerships held	6
Investment in partnership recorded in other assets	4,400,000	4,600,000
Partnership gains under equity method	$ 305,000	$ 31,000	$ 5,000

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Junior Subordinated Debt Owed to Unconsolidated Subsidiary Trusts - Schedule of Junior Subordinated Debt by Trust (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2014
WesBanco Capital Trust II [Member]
Trust Preferred Securities [Line Items]
Variable rate based on the three-month LIBOR plus	3.15%
Variable rate based on the three-month LIBOR plus, current rate	3.41%
WesBanco Capital Statutory Trust III [Member]
Trust Preferred Securities [Line Items]
Variable rate based on the three-month LIBOR plus	3.10%
Variable rate based on the three-month LIBOR plus, current rate	3.35%
WesBanco Capital Trust IV [Member]
Trust Preferred Securities [Line Items]
Variable rate based on the three-month LIBOR plus	2.65%
Variable rate based on the three-month LIBOR plus, current rate	2.89%
WesBanco Capital Trust V [Member]
Trust Preferred Securities [Line Items]
Variable rate based on the three-month LIBOR plus	2.65%
Variable rate based on the three-month LIBOR plus, current rate	2.89%
WesBanco Capital Trust VI [Member]
Trust Preferred Securities [Line Items]
Variable rate based on the three-month LIBOR plus	1.77%
Variable rate based on the three-month LIBOR plus, current rate	2.01%
Oak Hill Capital Trust 2 [Member]
Trust Preferred Securities [Line Items]
Variable rate based on the three-month LIBOR plus	2.40%
Variable rate based on the three-month LIBOR plus, current rate	2.63%
Oak Hill Capital Trust 3 [Member]
Trust Preferred Securities [Line Items]
Variable rate based on the three-month LIBOR plus	2.30%
Variable rate based on the three-month LIBOR plus, current rate	2.53%
Oak Hill Capital Trust 4 [Member]
Trust Preferred Securities [Line Items]
Variable rate based on the three-month LIBOR plus	1.60%
Fixed rate, current rate	5.96%

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Premises and Equipment - Future Minimum Lease Payments Under Non-cancellable Leases (Detail) (USD $)	Dec. 31, 2014
Property, Plant and Equipment [Abstract]
2015	$ 2,557,000
2016	1,997,000
2017	1,718,000
2018	1,373,000
2019	1,089,000
2020 and thereafter	11,238,000
Total	$ 19,972,000

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Loans and the Allowance for Credit Losses - Loans Identified as TDRs (Detail) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2014 Contract	Dec. 31, 2013 Contract
Financing Receivable, Modifications [Line Items]
Number of Modifications	31	68
Pre-Modification Outstanding Recorded Investment	$ 2,492	$ 4,262
Post-Modification Outstanding Recorded Investment	2,167	3,829
Commercial Real Estate - Land and Construction [Member]
Financing Receivable, Modifications [Line Items]
Number of Modifications		2
Pre-Modification Outstanding Recorded Investment		366
Post-Modification Outstanding Recorded Investment		353
Commercial Real Estate - Improved Property [Member]
Financing Receivable, Modifications [Line Items]
Number of Modifications	9	10
Pre-Modification Outstanding Recorded Investment	1,638	769
Post-Modification Outstanding Recorded Investment	1,437	564
Commercial Real Estate [Member]
Financing Receivable, Modifications [Line Items]
Number of Modifications	9	12
Pre-Modification Outstanding Recorded Investment	1,638	1,135
Post-Modification Outstanding Recorded Investment	1,437	917
Commercial and Industrial [Member]
Financing Receivable, Modifications [Line Items]
Number of Modifications	3	8
Pre-Modification Outstanding Recorded Investment	231	173
Post-Modification Outstanding Recorded Investment	163	162
Residential Real Estate [Member]
Financing Receivable, Modifications [Line Items]
Number of Modifications	8	30
Pre-Modification Outstanding Recorded Investment	424	2,688
Post-Modification Outstanding Recorded Investment	400	2,557
Home Equity [Member]
Financing Receivable, Modifications [Line Items]
Number of Modifications		5
Pre-Modification Outstanding Recorded Investment		122
Post-Modification Outstanding Recorded Investment		92
Consumer [Member]
Financing Receivable, Modifications [Line Items]
Number of Modifications	11	13
Pre-Modification Outstanding Recorded Investment	199	144
Post-Modification Outstanding Recorded Investment	$ 167	$ 101

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Commitments and Contingent Liabilities

12 Months Ended

Dec. 31, 2014

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingent Liabilities

NOTE 16. COMMITMENTS AND CONTINGENT LIABILITIES

Commitments—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 $0.5 million and $0.6 million as of December 31, 2014 and December 31, 2013, respectively, and is included in other liabilities on the Consolidated Balance Sheets.

Letters of credit are conditional commitments issued by banks to guarantee the performance of a customer to a third party. Those guarantees are primarily issued to support public and private borrowing arrangements, including normal business activities, bond financing and similar transactions. Letters of credit are considered guarantees. The liability associated with letters of credit was $0.2 million as of December 31, 2014 and $0.1 million as of December 31, 2013.

Contingent obligations to purchase loans funded by other entities include affordable housing plan guarantees and credit card guarantees. Affordable housing plan guarantees are performance guarantees for various building project loans. The guarantee amortizes as the loan balances decrease. Credit card guarantees are credit card balances not owned by WesBanco, whereby the Bank guarantees the performance of the cardholder.

The following table presents total commitments to extend credit, guarantees and various letters of credit outstanding:

	December 31,
(in thousands)	2014		2013
Lines of credit	$	984,352	$	964,777
Loans approved but not closed		116,757		73,937
Overdraft limits		95,965		96,291
Letters of credit		23,362		18,686
Contingent obligations to purchase loans funded by other entities		8,312		6,327

Contingent Liabilities—WesBanco is a party to various legal and administrative proceedings and claims. While any litigation contains an element of uncertainty, management does not believe that a material loss related to such proceedings or claims pending or known to be threatened is reasonably possible.

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Business Segments (Tables)

12 Months Ended

Dec. 31, 2014

Segment Reporting [Abstract]

Financial Information by Business Segment

Condensed financial information by business segment is presented below:

(in thousands)	Community Banking		Trust and Investment Services		Consolidated
For the year ended December 31, 2014:
Interest income	$	215,991	$	—	$	215,991
Interest expense		22,763		—		22,763
Net interest income		193,228		—		193,228
Provision for credit losses		6,405		—		6,405
Net interest income after provision for credit losses		186,823		—		186,823
Non-interest income		47,435		21,069		68,504
Non-interest expense		149,429		12,204		161,633
Income before provision for income taxes		84,829		8,865		93,694
Provision for income taxes		20,174		3,546		23,720
Net income	$	64,655	$	5,319	$	69,974
For the year ended December 31, 2013:
Interest income	$	217,890	$	—	$	217,890
Interest expense		32,403		—		32,403
Net interest income		185,487		—		185,487
Provision for credit losses		9,086		—		9,086
Net interest income after provision for credit losses		176,401		—		176,401
Non-interest income		49,708		19,577		69,285
Non-interest expense		149,136		11,862		160,998
Income before provision for income taxes		76,973		7,715		84,688
Provision for income taxes		17,677		3,086		20,763
Net income	$	59,296	$	4,629	$	63,925
For the year ended December 31, 2012:
Interest income	$	211,686	$	—	$	211,686
Interest expense		43,335		—		43,335
Net interest income		168,351		—		168,351
Provision for credit losses		19,874		—		19,874
Net interest income after provision for credit losses		148,477		—		148,477
Non-interest income		46,731		18,044		64,775
Non-interest expense		139,093		11,027		150,120
Income before provision for income taxes		56,115		7,017		63,132
Provision for income taxes		10,781		2,807		13,588
Net income	$	45,334	$	4,210	$	49,544

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Other Operating Expenses (Tables)

12 Months Ended

Dec. 31, 2014

Other Income and Expenses [Abstract]

Schedule of Other Operating Expenses

Other operating expenses consist of miscellaneous taxes, consulting fees, ATM expenses, postage, legal fees, supplies, communications, other real estate owned and foreclosure expenses, and other expenses. Other operating expenses are presented below:

	For the years ended December 31,
(in thousands)	2014		2013		2012
Franchise and other miscellaneous taxes	$	6,748	$	5,887	$	5,629
Consulting, regulatory and advisory fees		4,405		4,445		3,971
ATM and electronic banking interchange expenses		4,222		4,310		3,748
Postage and courier expenses		3,373		3,317		3,071
Legal fees		2,531		2,549		2,517
Supplies		2,425		2,675		2,460
Communications		1,555		2,717		2,536
Other real estate owned and foreclosure expenses		1,101		1,753		2,082
Other		10,836		9,684		9,433
Total other operating expenses	$	37,196	$	37,337	$	35,447

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Premises and Equipment - Schedule of Premises and Equipment (Detail) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Property, Plant and Equipment [Abstract]
Land and improvements	$ 28,158	$ 26,666
Buildings and improvements	105,436	102,980
Furniture and equipment	66,149	83,023
Total cost	199,743	212,669
Accumulated depreciation and amortization	(106,608)	(119,512)
Total premises and equipment, net	$ 93,135	$ 93,157

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Employee Benefit Plans - Summary of Average Remaining Life of the Stock Options (Detail) (USD $)	12 Months Ended
	Dec. 31, 2014
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercisable at Year End	216,550
Exercise Price Range Per Share Minimum	$ 19.27
Exercise Price Range Per Share Maximum	$ 28.79
Options Outstanding	258,450
Weighted Average Exercise Price	$ 24.36
Weighted Avg. Remaining Contractual Life in Years	4 years 9 months 7 days
2008 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercisable at Year End	19,950
Exercise Price Range Per Share Minimum	$ 21.72
Options Outstanding	19,950
Weighted Average Exercise Price	$ 21.72
Weighted Avg. Remaining Contractual Life in Years	4 months 21 days
2010 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercisable at Year End	18,675
Exercise Price Range Per Share Minimum	$ 19.27
Options Outstanding	18,675
Weighted Average Exercise Price	$ 19.27
Weighted Avg. Remaining Contractual Life in Years	2 years 4 months 17 days
2011 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercisable at Year End	24,250
Exercise Price Range Per Share Minimum	$ 19.76
Options Outstanding	24,250
Weighted Average Exercise Price	$ 19.76
Weighted Avg. Remaining Contractual Life in Years	3 years 4 months 17 days
2012 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercisable at Year End	36,750
Exercise Price Range Per Share Minimum	$ 20.02
Options Outstanding	36,750
Weighted Average Exercise Price	$ 20.02
Weighted Avg. Remaining Contractual Life in Years	4 years 4 months 17 days
2013 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercisable at Year End	75,025
Exercise Price Range Per Share Minimum	$ 25.00
Options Outstanding	75,025
Weighted Average Exercise Price	$ 25.00
Weighted Avg. Remaining Contractual Life in Years	5 years 4 months 17 days
2014 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercisable at Year End	41,900
Exercise Price Range Per Share Minimum	$ 28.79
Options Outstanding	83,800
Weighted Average Exercise Price	$ 28.79
Weighted Avg. Remaining Contractual Life in Years	6 years 4 months 21 days

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Premises And Equipment (Tables)

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

Schedule of Premises and Equipment

Premises and equipment include:

	December 31,
(in thousands)	2014			2013
Land and improvements	$	28,158		$	26,666
Buildings and improvements		105,436			102,980
Furniture and equipment		66,149			83,023
Total cost		199,743			212,669
Accumulated depreciation and amortization		(106,608	)		(119,512	)
Total premises and equipment, net	$	93,135		$	93,157

Future Minimum Lease Payments Under Non-cancellable Leases

Future minimum lease payments under non-cancellable leases with initial or remaining lease terms in excess of one year at December 31, 2014 are as follows (in thousands):

Year	Amount
2015	$	2,557
2016		1,997
2017		1,718
2018		1,373
2019		1,089
2020 and thereafter		11,238
Total	$	19,972

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Summary of Significant Accounting Policies - Additional Information (Detail) (USD $)	12 Months Ended
	Dec. 31, 2014 Property Location Segment
Summary Of Significant Accounting Policies [Line Items]
Number of Banking Offices	120
Number of loan production office	1
Number of ATM	107
Wholly-owned trust subsidiaries	8
Allowance for credit losses carryover	$ 0
Non-accrual status period	90 days
Loans returned to accrual status, performance period	6 months
Minimum loan balance individually tested for impairment	1,000,000
Historical loss rate	12 months
Indefinite - lived intangible assets	$ 0
Period of interest rate lock commitments	60 days
Land and Land Improvements [Member]
Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment, Useful life	15 years
Consumer Loan [Member]
Summary Of Significant Accounting Policies [Line Items]
Period of closed end loans loans charged down to net realizable value	120 days
Home Equity [Member]
Summary Of Significant Accounting Policies [Line Items]
Period of closed end loans loans charged down to net realizable value	180 days
Residential Real Estate Loans [Member]
Summary Of Significant Accounting Policies [Line Items]
Period of closed end loans loans charged down to net realizable value	180 days
Minimum [Member]
Summary Of Significant Accounting Policies [Line Items]
Percentage of voting interest	50.00%
Weighted-average estimated useful lives	10 years
Minimum [Member] | Furniture And Equipment [Member]
Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment, Useful life	3 years
Minimum [Member] | Building and Building Improvements [Member]
Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment, Useful life	15 years
Maximum [Member]
Summary Of Significant Accounting Policies [Line Items]
Weighted-average estimated useful lives	16 years
Maximum [Member] | Furniture And Equipment [Member]
Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment, Useful life	10 years
Maximum [Member] | Building and Building Improvements [Member]
Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment, Useful life	39 years

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Loans and the Allowance for Credit Losses - Summary of Age Analysis of Loan Categories (Detail) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Financing Receivable, Recorded Investment [Line Items]
Current	$ 4,042,825	$ 3,848,624
30-59 Days Past Due	8,500	10,041
60-89 Days Past Due	9,976	9,152
90 Days or More Past Due	25,465	27,100
Total Past Due	43,941	46,293
Total Loans	4,086,766	3,894,917
90 Days or More Past Due and Accruing	2,288	2,591
Loans held for sale, Current	5,865	5,855
Loans held for sale	5,865	5,855
Total loans, current	4,048,690	3,854,479
Total loans	4,092,631	3,900,772
Commercial Real Estate - Land and Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Current	261,356	261,165
30-59 Days Past Due	20	2
90 Days or More Past Due	1,267	1,950
Total Past Due	1,287	1,952
Total Loans	262,643	263,117
90 Days or More Past Due and Accruing	71	248
Commercial Real Estate - Improved Property [Member]
Financing Receivable, Recorded Investment [Line Items]
Current	1,665,363	1,632,973
30-59 Days Past Due	961	2,482
60-89 Days Past Due	4,772	2,346
90 Days or More Past Due	11,721	12,001
Total Past Due	17,454	16,829
Total Loans	1,682,817	1,649,802
90 Days or More Past Due and Accruing		318
Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Current	1,926,719	1,894,138
30-59 Days Past Due	981	2,484
60-89 Days Past Due	4,772	2,346
90 Days or More Past Due	12,988	13,951
Total Past Due	18,741	18,781
Total Loans	1,945,460	1,912,919
90 Days or More Past Due and Accruing	71	566
Commercial and Industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Current	634,482	552,414
30-59 Days Past Due	1,834	1,112
60-89 Days Past Due	240	977
90 Days or More Past Due	1,854	1,746
Total Past Due	3,928	3,835
Total Loans	638,410	556,249
90 Days or More Past Due and Accruing	22
Residential Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Current	915,968	875,192
30-59 Days Past Due	1,237	1,641
60-89 Days Past Due	3,384	4,710
90 Days or More Past Due	8,181	9,261
Total Past Due	12,802	15,612
Total Loans	928,770	890,804
90 Days or More Past Due and Accruing	1,306	1,289
Home Equity [Member]
Financing Receivable, Recorded Investment [Line Items]
Current	325,291	281,004
30-59 Days Past Due	1,877	1,581
60-89 Days Past Due	895	470
90 Days or More Past Due	1,968	1,632
Total Past Due	4,740	3,683
Total Loans	330,031	284,687
90 Days or More Past Due and Accruing	570	411
Consumer [Member]
Financing Receivable, Recorded Investment [Line Items]
Current	240,365	245,876
30-59 Days Past Due	2,571	3,223
60-89 Days Past Due	685	649
90 Days or More Past Due	474	510
Total Past Due	3,730	4,382
Total Loans	244,095	250,258
90 Days or More Past Due and Accruing	319	325
Non-Accrual Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Current	7,562	9,028
30-59 Days Past Due	2,884	588
60-89 Days Past Due	5,552	2,722
90 Days or More Past Due	22,820	24,295
Total Past Due	31,256	27,605
Total Loans	38,818	36,633
TDRs Accruing Interest [Member]
Financing Receivable, Recorded Investment [Line Items]
Current	11,016	13,595
30-59 Days Past Due	151	171
60-89 Days Past Due	542	881
90 Days or More Past Due	357	214
Total Past Due	1,050	1,266
Total Loans	12,066	14,861
Total Impaired [Member]
Financing Receivable, Recorded Investment [Line Items]
Current	18,578	22,623
30-59 Days Past Due	3,035	759
60-89 Days Past Due	6,094	3,603
90 Days or More Past Due	23,177	24,509
Total Past Due	32,306	28,871
Total Loans	$ 50,884	$ 51,494

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Comprehensive Income/(Loss) - Schedule of Amounts Reclassified from Accumulated Other Comprehensive Income/(Loss) (Detail) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net securities gains reclassified into earnings	$ (981)	$ (89)	$ (2,142)
Related income tax expense	361	33	796
Net effect on other comprehensive income for the period	9,018	(19,158)	1,740
Amortization of unrealized gain transferred from available-for-sale	(472)	(1,029)	(1,534)
Related income tax expense	173	383	577
Net effect on other comprehensive income for the period	(299)	(646)	(957)
Defined benefit pension plan
Amortization of net loss and prior service costs	1,516	3,579	2,332
Related income tax benefit	(558)	(1,368)	(918)
Net effect on other comprehensive income for the period	(14,810)	13,435	(6,246)
Total reclassifications for the period	39	1,509	(889)
Amounts Reclassified From Accumulated Other Comprehensive Income/(Loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net securities gains reclassified into earnings	(981)	(89)	(2,142)
Related income tax expense	361	33	796
Net effect on other comprehensive income for the period	(620)	(56)	(1,346)
Amortization of unrealized gain transferred from available-for-sale	(472)	(1,029)	(1,534)
Related income tax expense	173	383	577
Net effect on other comprehensive income for the period	(299)	(646)	(957)
Defined benefit pension plan
Amortization of net loss and prior service costs	1,516	3,579	2,332
Related income tax benefit	(558)	(1,368)	(918)
Net effect on other comprehensive income for the period	958	2,211	1,414
Total reclassifications for the period	$ 39	$ 1,509	$ (889)

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Loans and the Allowance for Credit Losses - Additional Information (Detail) (USD $)	12 Months Ended
	Dec. 31, 2014 Contract	Dec. 31, 2013
Financing Receivable, Recorded Investment [Line Items]
Deferred loan fees and costs	$ 2,400,000	$ 2,700,000
Aggregate amount of residential real estate, home equity and consumer loans classified as substandard	15,200,000	14,400,000
Internally assigned loan grades to residential real estate, home equity and consumer loans	2,200,000	2,000,000
Non-accrual status period	90 days
Number of restructured contracts greater than $1 million	0
Accruing and non accrual TDR permitted interest-only payment period	3 months
Percentage of TDRs defaulted during the period that were restructured within the last twelve months	0.20%
Other real estate owned	4,920,000	4,689,000
Residential Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Other real estate owned	600,000	400,000
Foreclosure proceedings in process on residential real estate loans	$ 5,600,000

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WesBanco Bank Community Development Corporation (Tables)

12 Months Ended

Dec. 31, 2014

Text Block [Abstract]

Summary of New Market Tax Credit Carry Forward

(in thousands)	Aggregate QEI  Amount		New Markets Tax Credit
Year			2015		2016		2017		2018
2004	$	10,000	$	—	$	—	$	—	$	—
2005		10,000		—		—		—		—
2008		7,500		—		—		—		—
2009		2,500		150		—		—		—
2010		14,000		840		840		—		—
2011		5,000		300		300		300		—
2012		6,000		360		360		360		360
2013		5,000		250		300		300		300
Total	$	60,000	$	1,900	$	1,800	$	960	$	660

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Consolidated Statements of Cash Flows (Parenthetical) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Statement of Cash Flows [Abstract]
Fair value of tangible assets acquired in cash	$ 0	$ 0	$ 26.4

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Wesbanco Bank Community Development Corporation - Schedule of Condensed Balance Sheet (Detail) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
ASSETS
Cash and due from banks	$ 94,002	$ 95,551	$ 125,605	$ 140,325
Loans, net of allowance for loan losses of $249	4,042,112	3,847,549
Other assets	89,072	107,979
Total Assets	6,296,565	6,144,773
Liabilities	5,508,375	5,398,178
Shareholder Equity	788,190	746,595	714,184	633,790
Total Liabilities and Shareholder Equity	6,296,565	6,144,773
WBCDC [Member]
ASSETS
Cash and due from banks	24,270	25,040
Loans, net of allowance for loan losses of $249	44,676
Investments	980
Other assets	530
Total Assets	70,456
Liabilities	294
Shareholder Equity	70,162
Total Liabilities and Shareholder Equity	$ 70,456

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Loans and the Allowance for Credit Losses - Schedule of Recorded Investment in Loans by Category (Detail) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Financing Receivable, Recorded Investment [Line Items]
Total portfolio loans	$ 4,086,766	$ 3,894,917
Loans held for sale	5,865	5,855
Total loans	4,092,631	3,900,772
Commercial Real Estate - Land and Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Total portfolio loans	262,643	263,117
Commercial Real Estate - Improved Property [Member]
Financing Receivable, Recorded Investment [Line Items]
Total portfolio loans	1,682,817	1,649,802
Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Total portfolio loans	1,945,460	1,912,919
Commercial and Industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Total portfolio loans	638,410	556,249
Residential Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Total portfolio loans	928,770	890,804
Home Equity [Member]
Financing Receivable, Recorded Investment [Line Items]
Total portfolio loans	330,031	284,687
Consumer [Member]
Financing Receivable, Recorded Investment [Line Items]
Total portfolio loans	$ 244,095	$ 250,258

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Business Segments - Financial Information by Business Segment (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended								12 Months Ended
	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Segment Reporting Information [Line Items]
Interest income	$ 54,185	$ 54,303	$ 54,044	$ 53,457	$ 54,257	$ 54,317	$ 54,424	$ 54,892	$ 215,991	$ 217,890	$ 211,686
Interest expense	5,199	5,692	5,737	6,132	7,019	8,186	8,435	8,764	22,763	32,403	43,335
Net interest income	48,986	48,611	48,307	47,325	47,238	46,131	45,989	46,128	193,228	185,487	168,351
Provision for credit losses	1,880	1,478	849	2,199	3,144	2,819	1,021	2,102	6,405	9,086	19,874
Net interest income after provision for credit losses	47,106	47,133	47,458	45,126	44,094	43,312	44,968	44,026	186,823	176,401	148,477
Non-interest income									68,504	69,285	64,775
Non-interest expense	41,972	39,263	40,304	40,095	40,743	40,009	39,499	40,747	161,633	160,998	150,120
Income before provision for income taxes	21,694	24,524	25,395	22,080	20,301	20,419	23,193	20,775	93,694	84,688	63,132
Provision for income taxes	5,182	6,358	6,520	5,659	4,948	4,884	6,176	4,754	23,720	20,763	13,588
Net income	16,512	18,166	18,875	16,421	15,353	15,535	17,017	16,021	69,974	63,925	49,544
Community Banking [Member]
Segment Reporting Information [Line Items]
Interest income									215,991	217,890	211,686
Interest expense									22,763	32,403	43,335
Net interest income									193,228	185,487	168,351
Provision for credit losses									6,405	9,086	19,874
Net interest income after provision for credit losses									186,823	176,401	148,477
Non-interest income									47,435	49,708	46,731
Non-interest expense									149,429	149,136	139,093
Income before provision for income taxes									84,829	76,973	56,115
Provision for income taxes									20,174	17,677	10,781
Net income									64,655	59,296	45,334
Trust and Investment Services [Member]
Segment Reporting Information [Line Items]
Non-interest income									21,069	19,577	18,044
Non-interest expense									12,204	11,862	11,027
Income before provision for income taxes									8,865	7,715	7,017
Provision for income taxes									3,546	3,086	2,807
Net income									$ 5,319	$ 4,629	$ 4,210

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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Reconciliation from Federal Statutory Income Tax Rate to Effective Tax Rate

Reconciliation from the federal statutory income tax rate to the effective tax rate is as follows:

	For the years ended December 31,
	2014			2013			2012
Federal statutory tax rate		35.0	%		35.0	%		35.0	%
Net tax-exempt interest income on securities of state and political subdivisions		(6.4	%)		(6.7	%)		(9.0	%)
State income taxes, net of federal tax effect		1.4	%		1.6	%		1.5	%
Bank-owned life insurance		(1.7	%)		(1.9	%)		(1.9	%)
General business credits		(3.1	%)		(3.5	%)		(4.4	%)
All other—net		0.1	%		—			0.3	%
Effective tax rate		25.3	%		24.5	%		21.5	%

Provision for Income Taxes Applicable to Income Before Taxes

The provision for income taxes applicable to income before taxes consists of the following:

	For the years ended December 31,
(in thousands)	2014		2013		2012
Current:
Federal	$	13,346	$	12,399	$	12,275
State		1,684		1,837		1,393
Deferred:
Federal		8,337		6,267		(119	)
State		353		260		39
Total	$	23,720	$	20,763	$	13,588

Schedule of Income Tax Amounts were Recorded in Shareholder's Equity as Elements of Other Comprehensive Income

The following income tax amounts were recorded in shareholders’ equity as elements of other comprehensive income:

	For the years ended December 31,
(in thousands)	2014			2013			2012
Securities and defined benefit pension plan unrecognized items	$	(3,538	)	$	(3,707	)	$	(3,192	)

Schedule of Deferred Tax Assets and Liabilities

Deferred tax assets and liabilities consist of the following:

	December 31,
(in thousands)	2014			2013			2012
Deferred tax assets:
Allowance for loan losses	$	16,386		$	17,414		$	19,901
Compensation and benefits		8,764			2,324			10,192
Security gains and losses		2,817			3,261			2,261
Purchase accounting adjustments		1,497			3,544			8,037
Non-accrual interest income		2,129			1,850			1,745
Tax credit carryforwards		10,163			11,517			11,838
Federal net operating loss carryforwards		597			1,415			2,316
Fair value adjustments on securities available-for-sale		—			2,772			—
Other		3,327			3,175			3,070
Gross deferred tax assets		45,680			47,272			59,360
Deferred tax liabilities:
Depreciation and amortization		(1,900	)		(1,416	)		(962	)
Accretion on securities		(295	)		(262	)		(397	)
Fair value adjustments on securities available-for-sale		(2,297	)		—			(8,806	)
Other		(1,728	)		(983	)		(1,257	)
Gross deferred tax liabilities		(6,220	)		(2,661	)		(11,422	)
Net deferred tax assets	$	39,460		$	44,611		$	47,938

Schedule of Unrecognized Tax Benefits (Excluding Interest and Federal Income Tax Benefit of Unrecognized State Tax Benefits)

A reconciliation of the beginning and ending amount of unrecognized tax benefits (excluding interest and the federal income tax benefit of unrecognized state tax benefits) is as follows:

	For the years ended December 31,
(in thousands)	2014			2013			2012
Balance at beginning of year	$	673		$	668		$	784
Additions based on tax positions related to the current year		155			140			147
Reductions for tax positions of prior years		—			—			—
Reductions due to the statute of limitations		(127	)		(135	)		(263	)
Settlements		—			—			—
Balance at end of year	$	701		$	673		$	668

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Condensed Parent Company Financial Statements

12 Months Ended

Dec. 31, 2014

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Parent Company Financial Statements

NOTE 20. CONDENSED PARENT COMPANY FINANCIAL STATEMENTS

Presented below are the Condensed Balance Sheets, Statements of Income and Statements of Cash Flows for the parent company:

BALANCE SHEETS

	December 31,
(in thousands)	2014		2013
ASSETS
Cash and short-term investments	$	61,732	$	22,973
Investment in subsidiaries—Bank		814,227		806,586
Investment in subsidiaries—Nonbank		5,343		5,527
Securities available-for-sale, at fair value		2,189		4,113
Other assets		17,553		18,983
Total Assets	$	901,044	$	858,182
LIABILITIES
Junior subordinated debt owed to unconsolidated subsidiary trusts	$	106,176	$	106,137
Dividends payable and other liabilities		6,678		5,450
Total Liabilities		112,854		111,587
SHAREHOLDERS’ EQUITY		788,190		746,595
Total Liabilities and Shareholders’ Equity	$	901,044	$	858,182

STATEMENTS OF INCOME

	For the years ended December 31,
(in thousands)	2014			2013			2012
Dividends from subsidiaries—Bank	$	59,500		$	42,000		$	36,500
Dividends from subsidiaries—Nonbank		1,200			860			562
Income from securities		128			194			102
Net securities gain		745			6			11
Other income		416			67			96
Total income		61,989			43,127			37,271
Total expense		7,139			5,810			7,145
Income before income tax benefit and undistributed net income of subsidiaries		54,850			37,317			30,126
Income tax benefit		(2,006	)		(2,132	)		(2,305	)
Income before undistributed net income of subsidiaries		56,856			39,449			32,431
Equity in undistributed net income of subsidiaries		13,118			24,476			17,113
NET INCOME	$	69,974		$	63,925		$	49,544

The details of other comprehensive income and accumulated other comprehensive income are included in the consolidated financial statements.

STATEMENTS OF CASH FLOWS

	For the years ended December 31,
(in thousands)	2014			2013			2012
OPERATING ACTIVITIES
Net income	$	69,974		$	63,925		$	49,544
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed net income		(13,118	)		(24,476	)		(17,113	)
Gain on securities		(745	)		(6	)		(11	)
Decrease (increase) in other assets		1,908			(1,957	)		129
Other—net		1,968			1,975			(13	)
Net cash provided by operating activities		59,987			39,461			32,536
INVESTING ACTIVITIES
Proceed from sales —securities available-for-sale		1,990			1,009			591
Acquisitions and additional capitalization of subsidiaries, net of cash acquired		—			(104	)		(23,467	)
Net cash provided by (used in) investing activities		1,990			905			(22,876	)
FINANCING ACTIVITIES
Repayment of junior subordinated debt		—			(7,732	)		—
Issuance of common stock		—			2,539			38
Treasury shares sold (purchased)—net		1,918			(6,170	)		(24	)
Dividends paid to common and preferred shareholders		(25,136	)		(22,243	)		(18,119	)
Net cash used in financing activities		(23,218	)		(33,606	)		(18,105	)
Net increase (decrease) in cash and cash equivalents		38,759			6,760			(8,445	)
Cash and short-term investments at beginning of year		22,973			16,213			24,658
Cash and short-term investments at end of year	$	61,732		$	22,973		$	16,213

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Regulatory Matters

12 Months Ended

Dec. 31, 2014

Banking and Thrift [Abstract]

Regulatory Matters

NOTE 19. REGULATORY MATTERS

The Federal Reserve Bank is the primary regulator for the parent company, WesBanco. WesBanco Bank is a state non-member bank jointly regulated by the FDIC and the West Virginia Department of Banking. WesBanco is a legal entity separate and distinct from its subsidiaries and is dependent upon dividends from its subsidiary bank, WesBanco Bank, to provide funds for the payment of dividends to shareholders, fund its current stock repurchase plan and to provide for other cash requirements. The payment of dividends by WesBanco Bank to WesBanco is subject to state and federal banking regulations. Under applicable law, bank regulatory agency approval is required if the total of all dividends declared by a bank in any calendar year exceeds the available retained earnings or exceeds the aggregate of the bank’s net profits (as defined by regulatory agencies) for that year and its retained net profits for the preceding two years. As of December 31, 2014, under FDIC regulations, WesBanco could receive, without prior regulatory approval, a dividend of up to $28.5 million from WesBanco Bank.

WesBanco and WesBanco Bank are also required to maintain non-interest bearing reserve balances with the Federal Reserve Bank. The average required reserve balance was $5.0 million during 2014 and 2013.

Additionally, WesBanco and WesBanco Bank are subject to various regulatory capital requirements (risk-based capital ratios) administered by federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by the regulators that, if undertaken, could have a material adverse effect on WesBanco’s financial results.

All bank holding companies and banking subsidiaries are required to have core capital (“Tier 1”) of at least 4% of risk-weighted assets, total capital of at least 8% of risk-weighted assets, and a minimum Tier 1 leverage ratio of 4% of adjusted quarterly average assets, except for certain highly-rated bank holding companies which may have a minimum Tier 1 leverage ratio of 3%. Tier 1 capital consists principally of shareholders’ equity; excluding items recorded in accumulated other comprehensive income, less goodwill and other intangibles. Total capital consists of Tier 1 capital plus the allowance for loan losses subject to limitation. The regulations also define “well-capitalized” levels of Tier 1 risk-based capital, total risk-based capital, and Tier 1 leverage capital as 6%, 10%, and 5%, respectively. WesBanco and WesBanco Bank were categorized as “well-capitalized” under the Federal Deposit Insurance Corporation Improvement Act at December 31, 2014 and 2013. There are no conditions or events since December 31, 2014 that management believes have changed WesBanco’s “well-capitalized” category.

The Basel III capital standards effective January 1, 2015 with a phase-in period ending January 1, 2019, establishes the minimum capital levels required under the Dodd-Frank Act, permanently grandfathers trust preferred securities issued before May 19, 2010, and increases the capital required for certain categories of assets. WesBanco has evaluated the impact of the Basel III final capital rule on its regulatory capital ratios and anticipates that the capital ratios, on a fully-phased in Basel III basis, will continue to exceed the well-capitalized minimum requirements.

WesBanco currently has $106.2 million in junior subordinated debt in its Consolidated Balance Sheets presented as a separate category of long-term debt. For regulatory purposes, trust preferred securities totaling $103.0 million, issued by unconsolidated trust subsidiaries of WesBanco underlying such junior subordinated debt, are included in Tier 1 capital in accordance with current regulatory reporting requirements. The grandfather provision of the Dodd-Frank Act permits bank holding companies with consolidated assets of less than $15 billion, such as WesBanco, to continue counting existing trust preferred securities as Tier 1 capital until they mature.

The following table summarizes risk-based capital amounts and ratios for WesBanco and the Bank:

(dollars in thousands)	Minimum Value (1)			Well Capitalized (2)			December 31, 2014							December 31, 2013
							Amount		Ratio			Minimum Amount (1)		Amount		Ratio			Minimum Amount (1)
WesBanco, Inc.
Tier 1 leverage		4.00	%(3)		N/A		$	593,031		9.88	%	$	240,068	$	544,083		9.27	%	$	234,863
Tier 1 capital to risk-weighted assets		4.00	%		6.00	%		593,031		13.76	%		172,357		544,083		13.06	%		166,691
Total capital to risk-weighted assets		8.00	%		10.00	%		638,064		14.81	%		344,714		591,451		14.19	%		333,382
WesBanco Bank, Inc.
Tier 1 leverage		4.00	%		5.00	%	$	516,689		8.63	%	$	239,533	$	502,165		8.58	%	$	234,109
Tier 1 capital to risk-weighted assets		4.00	%		6.00	%		516,689		12.04	%		171,612		502,165		12.11	%		165,828
Total capital to risk-weighted assets		8.00	%		10.00	%		561,369		13.08	%		343,225		549,533		13.25	%		331,656

(1) Minimum requirements to remain adequately capitalized.

(2) Well capitalized under prompt corrective action regulations.

(3) Minimum requirement is 3% for certain highly-rated bank holding companies.

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Income Taxes - Reconciliation from Federal Statutory Income Tax Rate to Effective Tax Rate (Detail)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Income Tax Disclosure [Abstract]
Federal statutory tax rate	35.00%	35.00%	35.00%
Net tax-exempt interest income on securities of state and political subdivisions	(6.40%)	(6.70%)	(9.00%)
State income taxes, net of federal tax effect	1.40%	1.60%	1.50%
Bank-owned life insurance	(1.70%)	(1.90%)	(1.90%)
General business credits	(3.10%)	(3.50%)	(4.40%)
All other-net	0.10%		0.30%
Effective tax rate	25.30%	24.50%	21.50%

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Securities - Additional Information (Detail) (USD $)	12 Months Ended
	Dec. 31, 2014 Holdings	Dec. 31, 2013 Holdings	Dec. 31, 2012	Dec. 31, 2011
Amortized Cost and Fair Value Debt Securities [Abstract]
Maximum percentage of equity of one issuer	10.00%
Number of holdings greater than specified percentage of equity	0	0
Securities with aggregate fair values	$ 706,500,000	$ 701,700,000
Proceeds from sale of available-for-sale securities	16,249,000	9,265,000	202,810,000
Net unrealized gains (losses) on available-for-sale securities included in AOCI	2,892,000	(6,126,000)	13,032,000	11,292,000
Impaired loss relating to securities	0
Federal home loan bank stock, Total	$ 11,600,000	$ 11,600,000

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Fair Value Measurement (Tables)

12 Months Ended

Dec. 31, 2014

Fair Value Disclosures [Abstract]

Schedule of Fair Value of Assets and Liabilities Measured on Recurring and Nonrecurring Basis

The following tables set forth WesBanco’s financial assets and liabilities that were accounted for at fair value on a recurring and nonrecurring basis by level within the fair value hierarchy as of December 31, 2014 and 2013:

			December 31, 2014 Fair Value Measurements Using:
(in thousands)	December 31, 2014		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Recurring fair value measurements
Securities—available-for-sale
Obligations of government agencies	$	87,736	$	—	$	87,736	$	—
Residential mortgage-backed securities and collateralized mortgage obligations of government agencies		701,113		—		701,113		—
Obligations of state and political subdivisions		91,433		—		91,433		—
Corporate debt securities		25,996		—		25,996		—
Equity securities		11,146		8,440		2,706		—
Total securities—available-for-sale	$	917,424	$	8,440	$	908,984	$	—
Total recurring fair value measurements	$	917,424	$	8,440	$	908,984	$	—
Nonrecurring fair value measurements
Impaired loans	$	6,024	$	—	$	—	$	6,024
Other real estate owned and repossessed assets		5,082		—		—		5,082
Loans held for sale		5,865		—		5,865		—
Total nonrecurring fair value measurements	$	16,971	$	—	$	5,865	$	11,106

			December 31, 2013 Fair Value Measurements Using:
(in thousands)	December 31, 2013		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Recurring fair value measurements
Securities—available-for-sale
Obligations of government agencies	$	73,232	$	—	$	73,232	$	—
Residential mortgage-backed securities and collateralized mortgage obligations of government agencies		694,267		—		694,267		—
Obligations of state and political subdivisions		116,346		—		116,346		—
Corporate debt securities		38,481		—		38,481		—
Equity securities		12,060		9,962		2,098		—
Total securities—available-for-sale	$	934,386	$	9,962	$	924,424	$	—
Total recurring fair value measurements	$	934,386	$	9,962	$	924,424	$	—
Nonrecurring fair value measurements
Impaired loans	$	1,543	$	—	$	—	$	1,543
Other real estate owned and repossessed assets		4,860		—		—		4,860
Loans held for sale		5,855		—		5,855		—
Total nonrecurring fair value measurements	$	12,258	$	—	$	5,855	$	6,403

Schedule of Assets Measured at Fair Value on Nonrecurring Basis

The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis and for which WesBanco has utilized Level 3 inputs to determine fair value:

	Quantitative Information about Level 3 Fair Value Measurements
(in thousands)	Fair Value Estimate		Valuation Techniques		Unobservable Input		Range / Weighted Average
December 31, 2014:
Impaired loans	$	6,024		Appraisal of collateral (1)		Appraisal adjustments (2)	0% to (39.7%) / (6.7%)
						Liquidation expenses (2)	(1.2%) to (8.0%) / (6.7%)
Other real estate owned and repossessed assets		5,082		Appraisal of collateral (1)(3)
December 31, 2013:
Impaired loans	$	1,543		Appraisal of collateral (1)		Appraisal adjustments (2)	0% to (29.1%) / (15.6%)
						Liquidation expenses (2)	(3.5%) to (8.0%) / (4.7%)
Other real estate owned and repossessed assets		4,860		Appraisal of collateral (1)(3)

(1) Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various Level 3 inputs which are not identifiable.

(2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of appraisal adjustments and liquidation expenses are presented as a percent of the appraisal.

(3) Includes estimated liquidation expenses and numerous dissimilar qualitative adjustments by management which are not identifiable.

Estimates Fair Values of Financial Instruments

The estimated fair values of WesBanco’s financial instruments are summarized below:

(in thousands)	Carrying Amount		Fair Value Estimate		Fair Value Measurements
					Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
December 31, 2014
Financial Assets
Cash and due from banks	$	94,002	$	94,002	$	94,002	$	—	$	—
Securities available-for-sale		917,424		917,424		8,440		908,984		—
Securities held-to-maturity		593,670		619,617		—		618,895		722
Net loans		4,042,112		4,047,648		—		—		4,047,648
Loans held for sale		5,865		5,865		—		5,865		—
Accrued interest receivable		18,481		18,481		18,481		—		—
Bank-owned life insurance		123,298		123,298		123,298		—		—
Financial Liabilities
Deposits		5,048,983		5,056,828		3,743,887		1,312,941		—
Federal Home Loan Bank borrowings		223,126		225,456		—		225,456		—
Other borrowings		80,690		80,696		77,534		3,162		—
Junior subordinated debt		106,176		79,212		—		79,212		—
Accrued interest payable		1,620		1,620		1,620		—		—
December 31, 2013
Financial Assets
Cash and due from banks	$	95,551	$	95,551	$	95,551	$	—	$	—
Securities available-for-sale		934,386		934,386		9,962		924,424		—
Securities held-to-maturity		598,520		596,308		—		595,581		727
Net loans		3,847,549		3,754,465		—		—		3,754,465
Loans held for sale		5,855		5,855		—		5,855		—
Accrued interest receivable		18,960		18,960		18,960		—		—
Bank-owned life insurance		121,390		121,390		121,390		—		—
Financial Liabilities
Deposits		5,062,530		5,076,207		3,551,052		1,525,155		—
Federal Home Loan Bank borrowings		39,508		42,314		—		42,314		—
Other borrowings		150,536		153,015		104,196		48,819		—
Junior subordinated debt		106,137		74,038		—		74,038		—
Accrued interest payable		2,354		2,354		2,354		—		—

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Business Segments

12 Months Ended

Dec. 31, 2014

Segment Reporting [Abstract]

Business Segments

NOTE 21. BUSINESS SEGMENTS

WesBanco operates two reportable segments: community banking and trust and investment services. WesBanco’s community banking segment offers services traditionally offered by full-service commercial banks, including commercial demand, individual demand and time deposit accounts, as well as commercial, mortgage and individual installment loans, and certain non-traditional offerings, such as insurance and securities brokerage services. The trust and investment services segment offers trust services as well as various alternative investment products including mutual funds. The market value of assets of the trust and investment services segment was approximately $3.8 billion, $3.7 billion and $3.2 billion at December 31, 2014, 2013, and 2012, respectively. These assets are held by WesBanco, in fiduciary or agency capacities for their customers and therefore are not included as assets on WesBanco’s Consolidated Balance Sheets.

Condensed financial information by business segment is presented below:

(in thousands)	Community Banking		Trust and Investment Services		Consolidated
For the year ended December 31, 2014:
Interest income	$	215,991	$	—	$	215,991
Interest expense		22,763		—		22,763
Net interest income		193,228		—		193,228
Provision for credit losses		6,405		—		6,405
Net interest income after provision for credit losses		186,823		—		186,823
Non-interest income		47,435		21,069		68,504
Non-interest expense		149,429		12,204		161,633
Income before provision for income taxes		84,829		8,865		93,694
Provision for income taxes		20,174		3,546		23,720
Net income	$	64,655	$	5,319	$	69,974
For the year ended December 31, 2013:
Interest income	$	217,890	$	—	$	217,890
Interest expense		32,403		—		32,403
Net interest income		185,487		—		185,487
Provision for credit losses		9,086		—		9,086
Net interest income after provision for credit losses		176,401		—		176,401
Non-interest income		49,708		19,577		69,285
Non-interest expense		149,136		11,862		160,998
Income before provision for income taxes		76,973		7,715		84,688
Provision for income taxes		17,677		3,086		20,763
Net income	$	59,296	$	4,629	$	63,925
For the year ended December 31, 2012:
Interest income	$	211,686	$	—	$	211,686
Interest expense		43,335		—		43,335
Net interest income		168,351		—		168,351
Provision for credit losses		19,874		—		19,874
Net interest income after provision for credit losses		148,477		—		148,477
Non-interest income		46,731		18,044		64,775
Non-interest expense		139,093		11,027		150,120
Income before provision for income taxes		56,115		7,017		63,132
Provision for income taxes		10,781		2,807		13,588
Net income	$	45,334	$	4,210	$	49,544

Total non-fiduciary assets of the trust and investment services segment were $4.0 million, $3.9 million, and $2.8 million at December 31, 2014, 2013, and 2012, respectively. All other assets, including goodwill and other intangible assets, were allocated to the community banking segment.

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Condensed Quarterly Statements of Income (Unaudited)

12 Months Ended

Dec. 31, 2014

Quarterly Financial Information Disclosure [Abstract]

Condensed Quarterly Statements of Income (Unaudited)

NOTE 22. CONDENSED QUARTERLY STATEMENTS OF INCOME (UNAUDITED)

The following tables set forth unaudited consolidated selected quarterly statements of income for the years ended December 31, 2014 and 2013.

	2014 Quarter ended
(dollars in thousands, except per share amounts)	March 31,		June 30,		September 30,		December 31,		Annual Total
Interest income	$	53,457	$	54,044	$	54,303	$	54,185	$	215,991
Interest expense		6,132		5,737		5,692		5,199		22,763
Net interest income		47,325		48,307		48,611		48,986		193,228
Provision for credit losses		2,199		849		1,478		1,880		6,405
Net interest income after provision for credit losses		45,126		47,458		47,133		47,106		186,823
Non-interest income		17,039		18,076		16,073		16,413		67,601
Net securities gains		10		165		581		147		903
Non-interest expense		40,095		40,304		39,263		41,972		161,633
Income before income taxes		22,080		25,395		24,524		21,694		93,694
Provision for income taxes		5,659		6,520		6,358		5,182		23,720
Net income	$	16,421	$	18,875	$	18,166	$	16,512	$	69,974
Earnings per common share—basic	$	0.56	$	0.65	$	0.62	$	0.56	$	2.39
Earnings per common share—diluted	$	0.56	$	0.64	$	0.62	$	0.56	$	2.39

	2013 Quarter ended
(dollars in thousands, except per share amounts)	March 31,		June 30,		September 30,			December 31,			Annual Total
Interest income	$	54,892	$	54,424	$	54,317		$	54,257		$	217,890
Interest expense		8,764		8,435		8,186			7,019			32,403
Net interest income		46,128		45,989		46,131			47,238			185,487
Provision for credit losses		2,102		1,021		2,819			3,144			9,086
Net interest income after provision for credit losses		44,026		44,968		43,312			44,094			176,401
Non-interest income		17,480		17,038		17,131			16,953			68,601
Net securities gains		16		686		(15	)		(3	)		684
Non-interest expense		40,747		39,499		40,009			40,743			160,998
Income before income taxes		20,775		23,193		20,419			20,301			84,688
Provision for income taxes		4,754		6,176		4,884			4,948			20,763
Net income	$	16,021	$	17,017	$	15,535		$	15,353		$	63,925
Earnings per common share—basic	$	0.55	$	0.58	$	0.53		$	0.52		$	2.18
Earnings per common share—diluted	$	0.55	$	0.58	$	0.53		$	0.52		$	2.18

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Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
OPERATING ACTIVITIES
Net income	$ 69,974	$ 63,925	$ 49,544
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of premises and equipment	7,386	6,978	6,052
Other net amortization	1,742	64	7,609
Provision for credit losses	6,405	9,086	19,874
Net securities gains	(903)	(684)	(2,463)
Net gains on sales of mortgage loans	(1,604)	(2,614)	(2,876)
Decrease (increase) in deferred income tax assets	8,690	6,527	(80)
Increase in cash surrender value of bank-owned life insurance-net	(4,614)	(4,664)	(3,516)
Contribution to pension plan	(7,500)	(5,000)	(5,000)
Loans originated for sale	(102,321)	(132,039)	(134,591)
Proceeds from the sale of loans originated for sale	103,916	145,474	124,676
Net change in: other assets and accrued interest receivable	10,205	26,371	5,212
Net change in: other liabilities and accrued interest payable	(1,896)	(4,195)	9,711
Other-net	5,328	2,251	2,663
Net cash provided by operating activities	94,808	111,480	76,815
INVESTING ACTIVITIES
Net increase in loans	(199,760)	(220,562)	(169,215)
Securities available-for-sale:
Proceeds from sales	16,249	9,265	202,810
Proceeds from maturities, prepayments and calls	214,934	241,023	401,589
Purchases of securities	(201,272)	(196,514)	(420,289)
Securities held-to-maturity:
Proceeds from maturities, prepayments and calls	47,820	86,512	113,284
Purchases of securities	(45,955)	(85,838)	(93,051)
Net cash received from acquisitions			10,945
Proceeds from bank-owned life insurance	2,352	2,954
Purchases of premises and equipment-net	(7,374)	(8,845)	(5,970)
Sale of portfolio loans-net		7,506	15,332
Net cash (used in) provided by investing activities	(173,006)	(164,499)	55,435
FINANCING ACTIVITIES
(Decrease) increase in deposits	(12,869)	119,359	95,001
Proceeds from Federal Home Loan Bank borrowings	200,532
Repayment of Federal Home Loan Bank borrowings	(16,775)	(70,850)	(115,611)
Decrease in other short-term borrowings	(51,021)	(11,938)	(108,255)
(Decrease) increase in federal funds purchased	(20,000)	20,000
Repayment of junior subordinated debt		(7,732)
Dividends paid to common shareholders	(25,136)	(22,243)	(18,119)
Issuance of common stock		2,539	38
Treasury shares sold (purchased)-net	1,918	(6,170)	(24)
Net cash provided by (used in) financing activities	76,649	22,965	(146,970)
Net decrease in cash and cash equivalents	(1,549)	(30,054)	(14,720)
Cash and cash equivalents at beginning of the year	95,551	125,605	140,325
Cash and cash equivalents at end of the year	94,002	95,551	125,605
SUPPLEMENTAL DISCLOSURES
Interest paid on deposits and other borrowings	24,521	36,309	44,454
Income taxes paid	11,706	18,050	11,920
Transfers of loans to other real estate owned	2,464	2,251	3,735
Transfers of portfolio loans to loans held for sale		11,245	22,146
Summary of Business Acquisition
Fair value of tangible assets acquired (including $26.4 million in cash)			611,400
Fair value of other intangibles acquired			4,674
Fair value of liabilities assumed			(584,885)
Stock issued for the purchase of acquired company's common stock			(53,667)
Warrant issued for the purchase of acquired company's warrant			(865)
Cash paid for the acquisition			(15,448)
Goodwill and other intangibles recognized			$ (38,791)

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Subsequent Events

12 Months Ended

Dec. 31, 2014

Subsequent Events [Abstract]

Subsequent Events

NOTE 23. SUBSEQUENT EVENTS

On February 10, 2015, WesBanco completed its acquisition of ESB Financial Corporation (“ESB”), and its wholly-owned banking subsidiary, ESB Bank, a Pennsylvania-chartered savings bank headquartered in Ellwood City, Pennsylvania. At December 31, 2014, ESB had approximately $1.9 billion in assets, which included $0.7 billion in loans, and $1.1 billion in securities. The acquisition was valued at approximately $340.0 million and resulted in WesBanco issuing approximately 9.2 million shares of its common stock and $37.2 million in cash in exchange for ESB common stock. The assets and liabilities of ESB will be recorded on WesBanco’s balance sheet at their preliminary estimated fair values as of February 10, 2015, the acquisition date, and ESB’s results of operations will be included in WesBanco’s Consolidated Statements of Income from that date. For the twelve months ended December 31, 2014, WesBanco recorded merger-related expenses of $1.3 million associated with the ESB acquisition. WesBanco accounts for business combinations using the acquisition method of accounting. The initial accounting and determination of the fair values of the assets and liabilities resulting from the business combination was incomplete at the time of this filing due to the timing of the closing of the acquisition in relation to WesBanco’s required Form 10-K filing deadline. A more complete disclosure of the business combination is expected to be reported in WesBanco’s Form 10-Q as of March 31, 2015.

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Certificates of Deposit - Schedule of Maturities of Total Certificates of Deposit (Detail) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Time Deposits, Fiscal Year Maturity [Abstract]
2015	$ 764,694
2016	262,625
2017	87,611
2018	86,341
2019	82,251
2020 and thereafter	21,574
Total	$ 1,305,096	$ 1,511,478

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Wesbanco Bank Community Development Corporation - Additional Information (Detail) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Schedule Of Subsidiary Financial Statements Table [Line Items]
Qualified Equity Investments	$ 60,000,000
WBCDC [Member]
Schedule Of Subsidiary Financial Statements Table [Line Items]
New Markets Tax Credits	60,000,000
Lower limit of poverty rate tracts	20.00%
Percentage income of median family	80.00%
Percentage of credit provided to the investor	39.00%
Period of credit allowance	7 years
Percentage of total amount investor receives as credit	5.00%
Percentage of total amount investor receives as credit for the remaining four years	6.00%
Amount eligible to receive as tax credit	23,400,000
Investment limit for credit allowance	60,000,000
Qualified Equity Investments	60,000,000
Provision for income tax	2,300,000	2,200,000	1,900,000
Tax credit carry forward	$ 6,200,000
Minimum percentage of QEI proceeds utilized	85.00%

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Junior Subordinated Debt Owed to Unconsolidated Subsidiary Trusts (Tables)

12 Months Ended

Dec. 31, 2014

Text Block [Abstract]

Schedule of Junior Subordinated Debt by Trust

The following table shows WesBanco’s trust subsidiaries with outstanding Trust Preferred Securities as of December 31, 2014:

(in thousands)	Trust Preferred Securities		Common Securities		Junior Subordinated Debt		Stated Maturity Date		Optional Redemption Date
WesBanco Capital Trust II (1)	$	13,000	$	410	$	13,410		6/30/2033		6/30/2008
WesBanco Capital Statutory Trust III (2)		17,000		526		17,526		6/26/2033		6/26/2008
WesBanco Capital Trust IV (3)		20,000		619		20,619		6/17/2034		6/17/2009
WesBanco Capital Trust V (3)		20,000		619		20,619		6/17/2034		6/17/2009
WesBanco Capital Trust VI (4)		15,000		464		15,464		3/17/2035		3/17/2010
Oak Hill Capital Trust 2 (5)		5,000		155		5,155		10/18/2034		10/18/2009
Oak Hill Capital Trust 3 (6)		8,000		248		8,248		10/18/2034		10/18/2009
Oak Hill Capital Trust 4 (7)		4,980		155		5,135		6/30/2035		6/30/2015
Total	$	102,980	$	3,196	$	106,176

(1) Variable rate based on the three-month LIBOR plus 3.15% with a current rate of 3.41% through March 30, 2015, adjustable quarterly.

(2) Variable rate based on the three-month LIBOR plus 3.10% with a current rate of 3.35% through March 26, 2015, adjustable quarterly.

(3) Variable rate based on the three-month LIBOR plus 2.65% with a current rate of 2.89% through March 17, 2015, adjustable quarterly.

(4) Variable rate based on the three-month LIBOR plus 1.77% with a current rate of 2.01% through March 17, 2015, adjustable quarterly.

(5) Variable rate based on the three-month LIBOR plus 2.40% with a current rate of 2.63% through January 18, 2015, adjustable quarterly.

(6) Variable rate based on the three-month LIBOR plus 2.30% with a current rate of 2.53% through January 18, 2015, adjustable quarterly.

(7) Fixed rate of 5.96% through June 30, 2015 and three-month LIBOR plus 1.60% thereafter, adjustable quarterly.

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Earnings Per Common Share - Summary of Earnings Per Common Share (Detail) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended								12 Months Ended
	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Numerator for both basic and diluted earnings per common share:
Net income	$ 16,512	$ 18,166	$ 18,875	$ 16,421	$ 15,353	$ 15,535	$ 17,017	$ 16,021	$ 69,974	$ 63,925	$ 49,544
Denominator:
Total average basic common shares outstanding									29,249,499	29,270,922	26,867,227
Effect of dilutive stock options and warrant									84,377	73,761	21,620
Total diluted average common shares outstanding									29,333,876	29,344,683	26,888,847
Earnings per common share-basic	$ 0.56	$ 0.62	$ 0.65	$ 0.56	$ 0.52	$ 0.53	$ 0.58	$ 0.55	$ 2.39	$ 2.18	$ 1.84
Earnings per common share-diluted	$ 0.56	$ 0.62	$ 0.64	$ 0.56	$ 0.52	$ 0.53	$ 0.58	$ 0.55	$ 2.39	$ 2.18	$ 1.84

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Loans and the Allowance for Credit Losses - TDRs Defaulted Later Restructured (Detail) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2014 Defaults	Dec. 31, 2013 Defaults
Financing Receivable, Modifications [Line Items]
Number of Defaults	1	15
Recorded Investment	$ 26	$ 1,108
Commercial and Industrial [Member]
Financing Receivable, Modifications [Line Items]
Number of Defaults		1
Recorded Investment		14
Residential Real Estate [Member]
Financing Receivable, Modifications [Line Items]
Number of Defaults		12
Recorded Investment		1,043
Home Equity [Member]
Financing Receivable, Modifications [Line Items]
Number of Defaults		2
Recorded Investment		51
Consumer [Member]
Financing Receivable, Modifications [Line Items]
Number of Defaults	1
Recorded Investment	$ 26

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Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
ASSETS
Cash and due from banks, including interest bearing amounts of $8,405 and $15,550, respectively	$ 94,002	$ 95,551
Securities:
Available-for-sale, at fair value	917,424	934,386
Held-to-maturity (fair values of $619,617 and $596,308, respectively)	593,670	598,520
Total securities	1,511,094	1,532,906
Loans held for sale	5,865	5,855
Portfolio loans, net of unearned income	4,086,766	3,894,917
Allowance for loan losses	(44,654)	(47,368)
Net portfolio loans	4,042,112	3,847,549
Premises and equipment, net	93,135	93,157
Accrued interest receivable	18,481	18,960
Goodwill and other intangible assets, net	319,506	321,426
Bank-owned life insurance	123,298	121,390
Other assets	89,072	107,979
Total Assets	6,296,565	6,144,773
Deposits:
Non-interest bearing demand	1,061,075	960,814
Interest bearing demand	885,037	857,761
Money market	954,957	942,768
Savings deposits	842,818	789,709
Certificates of deposit	1,305,096	1,511,478
Total deposits	5,048,983	5,062,530
Federal Home Loan Bank borrowings	223,126	39,508
Other short-term borrowings	80,690	150,536
Junior subordinated debt owed to unconsolidated subsidiary trusts	106,176	106,137
Total borrowings	409,992	296,181
Accrued interest payable	1,620	2,354
Other liabilities	47,780	37,113
Total Liabilities	5,508,375	5,398,178
SHAREHOLDERS' EQUITY
Preferred Stock, no par value; 1,000,000 shares authorized; none outstanding
Common stock, $2.0833 par value; 50,000,000 shares authorized; issued: 29,367,511 in 2014 and 2013; outstanding: 29,298,188 shares and 29,175,236 shares in 2014 and 2013, respectively	61,182	61,182
Capital surplus	244,661	244,974
Retained earnings	504,578	460,351
Treasury stock (69,323 shares and 192,275 shares in 2014 and 2013, respectively, at cost)	(2,151)	(5,969)
Accumulated other comprehensive loss	(18,825)	(12,734)
Deferred benefits for directors	(1,255)	(1,209)
Total Shareholders' Equity	788,190	746,595
Total Liabilities and Shareholders' Equity	$ 6,296,565	$ 6,144,773

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Comprehensive Income/(Loss) (Tables)

12 Months Ended

Dec. 31, 2014

Equity [Abstract]

Components of Accumulated Other Comprehensive Income/(Loss)

The activity in accumulated other comprehensive income/(loss) for the years ended December 31, 2014, 2013 and 2012 is as follows:

	Accumulated Other Comprehensive Income/(Loss) (1)
(in thousands)	Defined Benefit Pension Plan			Unrealized Gains (Losses) on Securities Available-for-Sale			Unrealized Gains on Securities Transferred from Available-for-Sale to Held-to-Maturity			Total
Balance at December 31, 2013	$	(7,966	)	$	(6,126	)	$	1,358		$	(12,734	)
Other comprehensive income/(loss) before reclassifications		(15,768	)		9,638			—			(6,130	)
Amounts reclassified from accumulated other comprehensive income/(loss)		958			(620	)		(299	)		39
Period change		(14,810	)		9,018			(299	)		(6,091	)
Balance at December 31, 2014	$	(22,776	)	$	2,892		$	1,059		$	(18,825	)
Balance at December 31, 2012	$	(21,401	)	$	13,032		$	2,004		$	(6,365	)
Other comprehensive income/(loss) before reclassifications		11,224			(19,102	)		—			(7,878	)
Amounts reclassified from accumulated other comprehensive income/(loss)		2,211			(56	)		(646	)		1,509
Period change		13,435			(19,158	)		(646	)		(6,369	)
Balance at December 31, 2013	$	(7,966	)	$	(6,126	)	$	1,358		$	(12,734	)
Balance at December 31, 2011	$	(15,155	)	$	11,292		$	2,961		$	(902	)
Other comprehensive income/(loss) before reclassifications		(7,660	)		3,086			—			(4,574	)
Amounts reclassified from accumulated other comprehensive income/(loss)		1,414			(1,346	)		(957	)		(889	)
Period change		(6,246	)		1,740			(957	)		(5,463	)
Balance at December 31, 2012	$	(21,401	)	$	13,032		$	2,004		$	(6,365	)

(1) All amounts are net of tax. Related income tax expense or benefit is calculated using a combined Federal and State income tax rate approximating 37%.

Schedule of Amounts Reclassified from Accumulated Other Comprehensive Income/(Loss)

Details about Accumulated Other Comprehensive Income/(Loss) Components	Amounts Reclassified from Accumulated Other Comprehensive Income/ (Loss) For the Years Ended December 31,									Affected Line Item in the Statement of Net Income
(in thousands)	2014			2013			2012
Securities available-for-sale (1):
Net securities gains reclassified into earnings	$	(981	)	$	(89	)	$	(2,142	)	Net securities gains (Non-interest income)
Related income tax expense		361			33			796		Provision for income taxes
Net effect on accumulated other comprehensive income/(loss) for the period		(620	)		(56	)		(1,346	)
Securities held-to-maturity (1):
Amortization of unrealized gain transferred from available-for-sale		(472	)		(1,029	)		(1,534	)	Interest and dividends on securities (Interest and dividend income)
Related income tax expense		173			383			577		Provision for income taxes
Net effect on accumulated other comprehensive income/(loss) for the period		(299	)		(646	)		(957	)
Defined benefit pension plan (2):
Amortization of net loss and prior service costs		1,516			3,579			2,332		Employee benefits (Non-interest expense)
Related income tax benefit		(558	)		(1,368	)		(918	)	Provision for income taxes
Net effect on accumulated other comprehensive income/(loss) for the period		958			2,211			1,414
Total reclassifications for the period	$	39		$	1,509		$	(889	)

(1) For additional detail related to unrealized gains on securities and related amounts reclassified from accumulated other comprehensive income/(loss) see Note 3, “Securities.”

(2) Included in the computation of net periodic pension cost. See Note 11, “Employee Benefit Plans” for additional detail.

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Employee Benefit Plans - Summary of Activity for the Stock Option Component of the Incentive Plan (Detail) (USD $)	12 Months Ended
	Dec. 31, 2014
Compensation Related Costs [Abstract]
Number of options, Outstanding at beginning of the year	297,761
Number of options, Granted during the year	83,800
Number of options, Exercised during the year	(82,659)
Number of options, Forfeited or expired during the year	(40,452)
Number of options, Outstanding at end of the year	258,450
Number of options, Exercisable at year end	216,550
Weighted average exercise price per share, Outstanding at beginning of the year	$ 23.62
Weighted average exercise price per share, Granted during the year	$ 28.79
Weighted average exercise price per share, Exercised during the year	$ 23.46
Weighted average exercise price per share, Forfeited or expired during the year	$ 29.93
Weighted average exercise price per share, Outstanding at end of the year	$ 24.36
Weighted average exercise price per share, Exercisable at year end	$ 23.51

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Commitments and Contingent Liabilities - Commitments to Extend Credit, Guarantees and Various Letters of Credit Outstanding (Detail) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Commitments and Contingencies Disclosure [Abstract]
Lines of credit	$ 984,352	$ 964,777
Loans approved but not closed	116,757	73,937
Overdraft limits	95,965	96,291
Letters of credit	23,362	18,686
Contingent obligations to purchase loans funded by other entities	$ 8,312	$ 6,327

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Consolidated Statements of Changes in Shareholders' Equity (USD $) In Thousands, except Share data	Total	Common Stock [Member]	Capital Surplus [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Deferred Benefits for Directors [Member]
Beginning Balance at Dec. 31, 2011	$ 633,790	$ 55,487	$ 191,679	$ 388,818	$ (96)	$ (902)	$ (1,196)
Beginning Balance, shares at Dec. 31, 2011		26,629,360
Net income	49,544			49,544
Total Other comprehensive loss	(5,463)					(5,463)
Comprehensive income	44,081
Common dividends declared (0.70, 0.78 and 0.88 per share in December 31, 2012,2013 and 2014 respectively)	(19,116)			(19,116)
Shares issued for acquisition	53,666	5,298	48,368
Shares issued for acquisition, shares		2,543,132
Issuance of warrant	865		865
Stock options exercised	84	3	35		46
Stock options exercised, shares		4,125
Restricted stock granted		75	(217)		142
Restricted stock granted, shares		42,809
Treasury shares acquired	(70)		22		(92)
Treasury shares acquired, shares		(4,766)
Stock compensation expense	884		884
Deferred benefits for directors-net			36				(36)
Ending Balance at Dec. 31, 2012	714,184	60,863	241,672	419,246		(6,365)	(1,232)
Ending Balance, shares at Dec. 31, 2012		29,214,660
Net income	63,925			63,925
Total Other comprehensive loss	(6,369)					(6,369)
Comprehensive income	57,556
Common dividends declared (0.70, 0.78 and 0.88 per share in December 31, 2012,2013 and 2014 respectively)	(22,820)			(22,820)
Stock options exercised	2,869	249	2,568		52
Stock options exercised, shares		121,424
Restricted stock granted		79	(348)		269
Restricted stock granted, shares		48,750
Treasury shares acquired	(6,210)		80		(6,290)
Treasury shares acquired, shares		(204,926)
Adjustment to shares issued in acquisition	(104)	(9)	(95)
Adjustment to shares issued in acquisition, shares		(4,672)
Stock compensation expense	1,120		1,120
Deferred benefits for directors-net			(23)				23
Ending Balance at Dec. 31, 2013	746,595	61,182	244,974	460,351	(5,969)	(12,734)	(1,209)
Ending Balance, shares at Dec. 31, 2013		29,175,236
Net income	69,974			69,974
Total Other comprehensive loss	(6,091)					(6,091)
Comprehensive income	63,883
Common dividends declared (0.70, 0.78 and 0.88 per share in December 31, 2012,2013 and 2014 respectively)	(25,747)			(25,747)
Stock options exercised	2,167		(399)		2,566
Stock options exercised, shares	82,659	82,656
Restricted stock granted			(1,321)		1,321
Restricted stock granted, shares		42,554
Treasury shares acquired	(20)		49		(69)
Treasury shares acquired, shares		(2,258)
Stock compensation expense	1,312		1,312
Deferred benefits for directors-net			46				(46)
Ending Balance at Dec. 31, 2014	$ 788,190	$ 61,182	$ 244,661	$ 504,578	$ (2,151)	$ (18,825)	$ (1,255)
Ending Balance, shares at Dec. 31, 2014		29,298,188

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Employee Benefit Plans - Estimated Benefits to be Paid in Each of Next Five Years and in the Aggregate for the Five Years Thereafter (Detail) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2014
Compensation Related Costs [Abstract]
2015	$ 3,409
2016	3,703
2017	4,006
2018	4,353
2019	4,681
2020 to 2024	$ 29,936

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Securities - Schedule of Gross Realized Gains and Losses on the Sales and Calls of Securities (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended								12 Months Ended
	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Securities Gross Realized Gain Loss [Abstract]
Gross realized gains									$ 1,131	$ 922	$ 2,680
Gross realized losses									(228)	(238)	(217)
Net realized gains (losses)	$ 147	$ 581	$ 165	$ 10	$ (3)	$ (15)	$ 686	$ 16	$ 903	$ 684	$ 2,463

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Other Operating Expenses - Schedule of Other Operating Expense (Detail) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Operating Costs and Expenses [Abstract]
Franchise and other miscellaneous taxes	$ 6,748	$ 5,887	$ 5,629
Consulting, regulatory and advisory fees	4,405	4,445	3,971
ATM and electronic banking interchange expenses	4,222	4,310	3,748
Postage and courier expenses	3,373	3,317	3,071
Legal fees	2,531	2,549	2,517
Supplies	2,425	2,675	2,460
Communications	1,555	2,717	2,536
Other real estate owned and foreclosure expenses	1,101	1,753	2,082
Other	10,836	9,684	9,433
Total other operating expenses	$ 37,196	$ 37,337	$ 35,447

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Securities (Tables)

12 Months Ended

Dec. 31, 2014

Investments, Debt and Equity Securities [Abstract]

Schedule of Fair Value and Amortized Cost of Available-for-sale and Held-to-maturity Securities

The following table shows the amortized cost and fair values of available-for-sale and held-to-maturity securities:

	December 31, 2014									December 31, 2013
(in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
Available-for-sale
Obligations of government agencies	$	86,964	$	1,087	$	(315	)	$	87,736	$	75,164	$	6	$	(1,938	)	$	73,232
Residential mortgage-backed securities and collateralized mortgage obligations of government agencies		703,535		4,336		(6,758	)		701,113		707,000		3,191		(15,924	)		694,267
Obligations of states and political subdivisions		86,073		5,365		(5	)		91,433		112,536		4,165		(355	)		116,346
Corporate debt securities		25,974		141		(119	)		25,996		38,777		174		(470	)		38,481
Total debt securities	$	902,546	$	10,929	$	(7,197	)	$	906,278	$	933,477	$	7,536	$	(18,687	)	$	922,326
Equity securities		10,304		842		—			11,146		10,597		1,463		—			12,060
Total available-for-sale securities	$	912,850	$	11,771	$	(7,197	)	$	917,424	$	944,074	$	8,999	$	(18,687	)	$	934,386
Held-to-maturity
Residential mortgage-backed securities and collateralized mortgage obligations of government agencies	$	79,004	$	3,262	$	(246	)	$	82,020	$	99,409	$	2,804	$	(1,023	)	$	101,190
Obligations of states and political subdivisions		507,927		23,917		(1,043	)		530,801		496,396		10,158		(13,906	)		492,648
Corporate debt securities		6,739		106		(49	)		6,796		2,715		—		(245	)		2,470
Total held-to-maturity securities	$	593,670	$	27,285	$	(1,338	)	$	619,617	$	598,520	$	12,962	$	(15,174	)	$	596,308
Total securities	$	1,506,520	$	39,056	$	(8,535	)	$	1,537,041	$	1,542,594	$	21,961	$	(33,861	)	$	1,530,694

Schedule of Fair Value of Available-for-sale and Held-to-maturity Securities by Contractual Maturity

The following table presents the fair value of available-for-sale and held-to-maturity securities by contractual maturity at December 31, 2014. In many instances, the issuers may have the right to call or prepay obligations without penalty prior to the contractual maturity date.

	December 31, 2014
(in thousands)	One Year or less		One to Five Years		Five to Ten Years		After Ten Years		Mortgage-backed and Equity		Total
Available-for-sale
Obligations of government agencies	$	—	$	25,645	$	44,952	$	17,139	$	—	$	87,736
Residential mortgage-backed securities and collateralized mortgage obligations of government agencies (1)		—		—		—		—		701,113		701,113
Obligations of states and political subdivisions		6,312		33,242		19,089		32,790		—		91,433
Corporate debt securities		10,034		2,080		9,015		4,867		—		25,996
Equity securities (2)		—		—		—		—		11,146		11,146
Total available-for-sale securities	$	16,346	$	60,967	$	73,056	$	54,796	$	712,259	$	917,424
Held-to-maturity (3)
Residential mortgage-backed securities and collateralized mortgage obligations of government agencies (1)	$	—	$	—	$	—	$	—	$	82,020	$	82,020
Obligations of states and political subdivisions		3,377		13,876		216,427		297,121				530,801
Corporate debt securities		—		—		6,796		—		—		6,796
Total held-to-maturity securities	$	3,377	$	13,876	$	223,223	$	297,121	$	82,020	$	619,617
Total securities	$	19,723	$	74,843	$	296,279	$	351,917	$	794,279	$	1,537,041

(1) Mortgage-backed and collateralized mortgage securities, which have prepayment provisions, are not assigned to maturity categories due to fluctuations in their prepayment speeds.

(2) Equity securities, which have no stated maturity, are not assigned a maturity category.

(3) The held-to-maturity portfolio is carried at an amortized cost of $593.7 million.

Schedule of Gross Realized Gains and Losses on the Sales and Calls of Securities

The following table presents the gross realized gains and losses on sales and calls of securities for the years ended December 31, 2014, 2013 and 2012, respectively.

	For the Years Ended December 31,
(in thousands)	2014			2013			2012
Gross realized gains	$	1,131		$	922		$	2,680
Gross realized losses		(228	)		(238	)		(217	)
Net realized gains (losses)	$	903		$	684		$	2,463

Schedule of Unrealized Losses on Investment Securities

The following tables provide information on unrealized losses on investment securities that have been in an unrealized loss position for less than twelve months and twelve months or more as of December 31, 2014 and 2013:

	December 31, 2014
	Less than 12 months							12 months or more							Total
(dollars in thousands)	Fair Value		Unrealized Losses			# of Securities		Fair Value		Unrealized Losses			# of Securities		Fair Value		Unrealized Losses			# of Securities
Obligations of government agencies	$	19,362	$	(77	)		5	$	19,757	$	(238	)		4	$	39,119	$	(315	)		9
Residential mortgage-backed securities and collateralized mortgage obligations of government agencies		78,786		(386	)		19		240,055		(6,618	)		43		318,841		(7,004	)		62
Obligations of states and political subdivisions		12,615		(96	)		15		61,548		(952	)		93		74,163		(1,048	)		108
Corporate debt securities		2,969		(31	)		1		4,573		(137	)		2		7,542		(168	)		3
Total temporarily impaired securities	$	113,732	$	(590	)		40	$	325,933	$	(7,945	)		142	$	439,665	$	(8,535	)		182
	December 31, 2013
	Less than 12 months							12 months or more							Total
(dollars in thousands)	Fair Value		Unrealized Losses			# of Securities		Fair Value		Unrealized Losses			# of Securities		Fair Value		Unrealized Losses			# of Securities
Obligations of government agencies	$	54,356	$	(1,911)			15	$	5,083	$	(27	)		2	$	59,439	$	(1,938)			17
Residential mortgage-backed securities and collateralized mortgage obligations of government agencies		513,495		(14,639	)		89		37,002		(2,308	)		11		550,497		(16,947	)		100
Obligations of states and political subdivisions		181,667		(10,830	)		277		47,793		(3,431	)		76		229,460		(14,261	)		353
Corporate debt securities		19,837		(560	)		7		2,845		(155	)		1		22,682		(715	)		8
Total temporarily impaired securities	$	769,355	$	(27,940	)		388	$	92,723	$	(5,921	)		90	$	862,078	$	(33,861	)		478

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Loans and the Allowance for Credit Losses - Allowance for Credit Losses and Recorded Investments in Loans (Parenthetical) (Detail) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014
Receivables [Abstract]
Trouble debt restructuring threshold	$ 1

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Income Taxes

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Income Taxes

NOTE 13. INCOME TAXES

Reconciliation from the federal statutory income tax rate to the effective tax rate is as follows:

	For the years ended December 31,
	2014			2013			2012
Federal statutory tax rate		35.0	%		35.0	%		35.0	%
Net tax-exempt interest income on securities of state and political subdivisions		(6.4	%)		(6.7	%)		(9.0	%)
State income taxes, net of federal tax effect		1.4	%		1.6	%		1.5	%
Bank-owned life insurance		(1.7	%)		(1.9	%)		(1.9	%)
General business credits		(3.1	%)		(3.5	%)		(4.4	%)
All other—net		0.1	%		—			0.3	%
Effective tax rate		25.3	%		24.5	%		21.5	%

The provision for income taxes applicable to income before taxes consists of the following:

	For the years ended December 31,
(in thousands)	2014		2013		2012
Current:
Federal	$	13,346	$	12,399	$	12,275
State		1,684		1,837		1,393
Deferred:
Federal		8,337		6,267		(119	)
State		353		260		39
Total	$	23,720	$	20,763	$	13,588

The following income tax amounts were recorded in shareholders’ equity as elements of other comprehensive income:

	For the years ended December 31,
(in thousands)	2014			2013			2012
Securities and defined benefit pension plan unrecognized items	$	(3,538	)	$	(3,707	)	$	(3,192	)

Deferred tax assets and liabilities consist of the following:

	December 31,
(in thousands)	2014			2013			2012
Deferred tax assets:
Allowance for loan losses	$	16,386		$	17,414		$	19,901
Compensation and benefits		8,764			2,324			10,192
Security gains and losses		2,817			3,261			2,261
Purchase accounting adjustments		1,497			3,544			8,037
Non-accrual interest income		2,129			1,850			1,745
Tax credit carryforwards		10,163			11,517			11,838
Federal net operating loss carryforwards		597			1,415			2,316
Fair value adjustments on securities available-for-sale		—			2,772			—
Other		3,327			3,175			3,070
Gross deferred tax assets		45,680			47,272			59,360
Deferred tax liabilities:
Depreciation and amortization		(1,900	)		(1,416	)		(962	)
Accretion on securities		(295	)		(262	)		(397	)
Fair value adjustments on securities available-for-sale		(2,297	)		—			(8,806	)
Other		(1,728	)		(983	)		(1,257	)
Gross deferred tax liabilities		(6,220	)		(2,661	)		(11,422	)
Net deferred tax assets	$	39,460		$	44,611		$	47,938

WesBanco has a valuation allowance on certain capital loss carryforwards. The amount is immaterial to the financial statements. However, no valuation allowance was established for the remaining deferred tax assets since management believes that deferred tax assets are likely to be realized through a carry-back to taxable income in prior years, future reversals of existing taxable temporary differences and future taxable income.

Under the provisions of the Internal Revenue Code, WesBanco has approximately $6.9 million of general business credit carryforwards which expire between 2031 and 2033. WesBanco also has $3.3 million of alternative minimum tax credits that may be carried forward indefinitely. WesBanco has deferred tax assets relating to federal net operating loss carryforwards of $0.6 million which expire between 2030 and 2031.

As a result of the acquisition of Fidelity in 2012 and the previous acquisitions of Western Ohio Financial Corporation, Winton Financial Corporation and Oak Hill Financial, Inc., retained earnings at both December 31, 2014 and 2013 includes $15.2 million of qualifying and non-qualifying tax bad debt reserves existing as of December 31, 1987, upon which no provision for income taxes has been recorded. The related amount of unrecognized deferred tax liability is $5.6 million for both 2014 and 2013, respectively. If this portion of retained earnings is used in the future for any purpose other than to absorb bad debts, it will be added to future taxable income.

Federal and state income taxes applicable to securities transactions totaled $0.3 million, $0.2 million, and $0.9 million for the years ended December 31, 2014, 2013 and 2012, respectively.

At both December 31, 2014 and December 31, 2013, WesBanco had approximately $0.7 million of unrecognized tax benefits and interest. As of December 31, 2014, $0.7 million of these tax benefits would affect the effective tax rate if recognized. At December 31, 2014 and December 31, 2013, accrued interest related to uncertain tax positions was $23 thousand and $52 thousand, respectively, net of the related federal tax benefit. WesBanco provides for interest and penalties related to uncertain tax positions as part of its provision for federal and state income taxes.

WesBanco is subject to U.S. federal income tax as well as to tax in various state income tax jurisdictions. WesBanco is no longer subject to any income tax examinations for years prior to 2013. Fidelity returns are no longer subject to any income tax examinations for years prior to October 1, 2011.

Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits (excluding interest and the federal income tax benefit of unrecognized state tax benefits) is as follows:

	For the years ended December 31,
(in thousands)	2014			2013			2012
Balance at beginning of year	$	673		$	668		$	784
Additions based on tax positions related to the current year		155			140			147
Reductions for tax positions of prior years		—			—			—
Reductions due to the statute of limitations		(127	)		(135	)		(263	)
Settlements		—			—			—
Balance at end of year	$	701		$	673		$	668

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Loans and the Allowance for Credit Losses (Tables)

12 Months Ended

Dec. 31, 2014

Receivables [Abstract]

Schedule of Recorded Investment in Loans by Category

The recorded investment in loans is presented in the Consolidated Balance Sheets net of deferred loan fees and costs of $2.4 million and $2.7 million at December 31, 2014 and 2013, respectively.

	December 31,		December 31,
(in thousands)	2014		2013
Commercial real estate:
Land and construction	$	262,643	$	263,117
Improved property		1,682,817		1,649,802
Total commercial real estate		1,945,460		1,912,919
Commercial and industrial		638,410		556,249
Residential real estate		928,770		890,804
Home equity		330,031		284,687
Consumer		244,095		250,258
Total portfolio loans		4,086,766		3,894,917
Loans held for sale		5,865		5,855
Total loans	$	4,092,631	$	3,900,772

Summary of Changes in Allowance for Credit Losses

The following tables summarize changes in the allowance for credit losses applicable to each category of the loan portfolio:

	For the Year Ended December 31,
	2014
(in thousands)	Commercial Real Estate- Land and Construction			Commercial Real Estate- Improved Property			Commercial & Industrial			Residential Real Estate			Home Equity			Consumer			Deposit Overdraft			Total
Balance at beginning of year:
Allowance for loan losses	$	6,056		$	18,157		$	9,925		$	5,673		$	2,017		$	5,020		$	520		$	47,368
Allowance for loan commitments		301			62			130			5			85			19			—			602
Total beginning allowance for credit losses		6,357			18,219			10,055			5,678			2,102			5,039			520			47,970
Provision for credit losses:
Provision for loan losses		(402	)		1,239			1,429			1,692			849			1,144			601			6,552
Provision for loan commitments		(107	)		(52	)		(18	)		4			5			21			—			(147	)
Total provision for credit losses		(509	)		1,187			1,411			1,696			854			1,165			601			6,405
Charge-offs		—			(2,426	)		(3,485	)		(2,437	)		(652	)		(3,120	)		(779	)		(12,899	)
Recoveries		—			603			1,194			454			115			1,034			233			3,633
Net charge-offs		—			(1,823	)		(2,291	)		(1,983	)		(537	)		(2,086	)		(546	)		(9,266	)
Balance at end of period:
Allowance for loan losses		5,654			17,573			9,063			5,382			2,329			4,078			575			44,654
Allowance for loan commitments		194			10			112			9			90			40			—			455
Total ending allowance for credit losses	$	5,848		$	17,583		$	9,175		$	5,391		$	2,419		$	4,118		$	575		$	45,109

	For the Year Ended December 31,
	2013
(in thousands)	Commercial Real Estate- Land and Construction			Commercial Real Estate- Improved Property			Commercial & Industrial			Residential Real Estate			Home Equity			Consumer			Deposit Overdraft			Total
Balance at beginning of year:
Allowance for loan losses	$	3,741		$	23,614		$	9,326		$	7,182		$	2,458		$	5,557		$	821		$	52,699
Allowance for loan commitments		27			25			215			6			49			19			—			341
Total beginning allowance for credit losses		3,768			23,639			9,541			7,188			2,507			5,576			821			53,040
Provision for credit losses:
Provision for loan losses		2,726			843			1,633			1,169			(8	)		2,138			324			8,825
Provision for loan commitments		274			37			(85	)		(1	)		36			—			—			261
Total provision for credit losses		3,000			880			1,548			1,168			28			2,138			324			9,086
Charge-offs		(536	)		(6,915	)		(1,505	)		(3,079	)		(549	)		(3,819	)		(880	)		(17,283	)
Recoveries		125			615			471			401			116			1,144			255			3,127
Net charge-offs		(411	)		(6,300	)		(1,034	)		(2,678	)		(433	)		(2,675	)		(625	)		(14,156	)
Balance at end of period:
Allowance for loan losses		6,056			18,157			9,925			5,673			2,017			5,020			520			47,368
Allowance for loan commitments		301			62			130			5			85			19			—			602
Total ending allowance for credit losses	$	6,357		$	18,219		$	10,055		$	5,678		$	2,102		$	5,039		$	520		$	47,970

	For the Year Ended December 31,
	2012
(in thousands)	Commercial Real Estate- Land and Construction			Commercial Real Estate- Improved Property			Commercial & Industrial			Residential Real Estate			Home Equity			Consumer			Deposit Overdraft			Total
Balance at beginning of year:
Allowance for loan losses	$	4,842		$	24,748		$	11,414		$	5,638		$	1,962		$	5,410		$	796		$	54,810
Allowance for loan commitments		74			21			323			4			33			13			—			468
Total beginning allowance for credit losses		4,916			24,769			11,737			5,642			1,995			5,423			796			55,278
Provision for credit losses:
Provision for loan losses		2,171			5,452			2,147			5,039			1,610			2,963			619			20,001
Provision for loan commitments		(47	)		4			(108	)		2			16			6			—			(127	)
Total provision for credit losses		2,124			5,456			2,039			5,041			1,626			2,969			619			19,874
Charge-offs		(3,879	)		(7,693	)		(4,625	)		(3,902	)		(1,144	)		(3,851	)		(871	)		(25,965	)
Recoveries		607			1,107			390			407			30			1,035			277			3,853
Net charge-offs		(3,272	)		(6,586	)		(4,235	)		(3,495	)		(1,114	)		(2,816	)		(594	)		(22,112	)
Balance at end of period:
Allowance for loan losses		3,741			23,614			9,326			7,182			2,458			5,557			821			52,699
Allowance for loan commitments		27			25			215			6			49			19			—			341
Total ending allowance for credit losses	$	3,768		$	23,639		$	9,541		$	7,188		$	2,507		$	5,576		$	821		$	53,040

Allowance for Credit Losses and Recorded Investments in Loans

The following tables present the allowance for credit losses and recorded investments in loans by category:

	Allowance for Credit Losses and Recorded Investment in Loans
	Commercial		Commercial
	Real Estate-		Real Estate-		Commercial		Residential
	Land and		Improved		and		Real		Home				Over-
(in thousands)	Construction		Property		Industrial		Estate		Equity		Consumer		draft		Total
December 31, 2014
Allowance for credit losses:
Allowance for loans individually evaluated for impairment	$	—	$	2,765	$	1,033	$	—	$	—	$	—	$	—	$	3,798
Allowance for loans collectively evaluated for impairment		5,654		14,808		8,030		5,382		2,329		4,078		575		40,856
Allowance for loan commitments		194		10		112		9		90		40		—		455
Total allowance for credit losses	$	5,848	$	17,583	$	9,175	$	5,391	$	2,419	$	4,118	$	575	$	45,109
Portfolio loans:
Individually evaluated for impairment (1)	$	—	$	11,469	$	2,844	$	—	$	—	$	—	$	—	$	14,313
Collectively evaluated for impairment		262,643		1,671,348		635,566		928,770		330,031		244,095		—		4,072,453
Total portfolio loans	$	262,643	$	1,682,817	$	638,410	$	928,770	$	330,031	$	244,095	$	—	$	4,086,766
December 31, 2013
Allowance for credit losses:
Allowance for loans individually evaluated for impairment	$	—	$	51	$	681	$	—	$	—	$	—	$	—	$	732
Allowance for loans collectively evaluated for impairment		6,056		18,106		9,244		5,673		2,017		5,020		520		46,636
Allowance for loan commitments		301		62		130		5		85		19		—		602
Total allowance for credit losses	$	6,357	$	18,219	$	10,055	$	5,678	$	2,102	$	5,039	$	520	$	47,970
Portfolio loans:
Individually evaluated for impairment (1)	$	—	$	4,321	$	1,754	$	—	$	—	$	—	$	—	$	6,075
Collectively evaluated for impairment		263,117		1,645,481		554,495		890,804		284,687		250,258		—		3,888,842
Total portfolio loans	$	263,117	$	1,649,802	$	556,249	$	890,804	$	284,687	$	250,258	$	—	$	3,894,917

(1) Commercial loans greater than $1 million that are reported as non-accrual or as a TDR are individually evaluated for impairment.

Summary of Commercial Loans by Risk Grade

The following tables summarize commercial loans by their assigned risk grade:

	Commercial Loans by Internally Assigned Risk Grade
(in thousands)	Commercial Real Estate- Land and Construction		Commercial Real Estate- Improved Property		Commercial & Industrial		Total Commercial Loans
As of December 31, 2014
Pass	$	257,218	$	1,627,771	$	617,742	$	2,502,731
Criticized—compromised		3,645		17,873		12,770		34,288
Classified—substandard		1,780		37,173		7,898		46,851
Classified—doubtful		—		—		—		—
Total	$	262,643	$	1,682,817	$	638,410	$	2,583,870
As of December 31, 2013
Pass	$	253,231	$	1,548,780	$	531,573	$	2,333,584
Criticized—compromised		6,498		57,983		10,768		75,249
Classified—substandard		3,388		43,039		13,908		60,335
Classified—doubtful		—		—		—		—
Total	$	263,117	$	1,649,802	$	556,249	$	2,469,168

Summary of Age Analysis of Loan Categories

The following tables summarize the age analysis of all categories of loans.

	Age Analysis of Loans
(in thousands)	Current		30-59 Days Past Due		60-89 Days Past Due		90 Days or More Past Due		Total Past Due		Total Loans		90 Days or More Past Due and Accruing (1)
As of December 31, 2014
Commercial real estate:
Land and construction	$	261,356	$	20	$	—	$	1,267	$	1,287	$	262,643	$	71
Improved property		1,665,363		961		4,772		11,721		17,454		1,682,817		—
Total commercial real estate		1,926,719		981		4,772		12,988		18,741		1,945,460		71
Commercial and industrial		634,482		1,834		240		1,854		3,928		638,410		22
Residential real estate		915,968		1,237		3,384		8,181		12,802		928,770		1,306
Home equity		325,291		1,877		895		1,968		4,740		330,031		570
Consumer		240,365		2,571		685		474		3,730		244,095		319
Total portfolio loans		4,042,825		8,500		9,976		25,465		43,941		4,086,766		2,288
Loans held for sale		5,865		—		—		—		—		5,865		—
Total loans	$	4,048,690	$	8,500	$	9,976	$	25,465	$	43,941	$	4,092,631	$	2,288
Impaired loans included above are as follows:
Non-accrual loans	$	7,562	$	2,884	$	5,552	$	22,820	$	31,256	$	38,818
TDRs accruing interest (1)		11,016		151		542		357		1,050		12,066
Total impaired	$	18,578	$	3,035	$	6,094	$	23,177	$	32,306	$	50,884
As of December 31, 2013
Commercial real estate:
Land and construction	$	261,165	$	2	$	—	$	1,950	$	1,952	$	263,117	$	248
Improved property		1,632,973		2,482		2,346		12,001		16,829		1,649,802		318
Total commercial real estate		1,894,138		2,484		2,346		13,951		18,781		1,912,919		566
Commercial and industrial		552,414		1,112		977		1,746		3,835		556,249		—
Residential real estate		875,192		1,641		4,710		9,261		15,612		890,804		1,289
Home equity		281,004		1,581		470		1,632		3,683		284,687		411
Consumer		245,876		3,223		649		510		4,382		250,258		325
Total portfolio loans		3,848,624		10,041		9,152		27,100		46,293		3,894,917		2,591
Loans held for sale		5,855		—		—		—		—		5,855		—
Total loans	$	3,854,479	$	10,041	$	9,152	$	27,100	$	46,293	$	3,900,772	$	2,591
Impaired loans included above are as follows:
Non-accrual loans	$	9,028	$	588	$	2,722	$	24,295	$	27,605	$	36,633
TDRs accruing interest (1)		13,595		171		881		214		1,266		14,861
Total impaired	$	22,623	$	759	$	3,603	$	24,509	$	28,871	$	51,494

(1) Loans 90 days or more past due and accruing interest exclude TDRs 90 days or more past due and accruing interest.

Summary of Impaired Loans

The following tables summarize impaired loans:

	Impaired Loans
	December 31, 2014						December 31, 2013
(in thousands)	Unpaid Principal Balance (1)		Recorded Investment		Related Allowance		Unpaid Principal Balance (1)		Recorded Investment		Related Allowance
With no related specific allowance recorded:
Commercial real estate:
Land and construction	$	1,588	$	1,488	$	—	$	2,663	$	2,564	$	—
Improved property		16,480		14,684		—		21,421		19,628		—
Commercial and industrial		3,152		2,597		—		3,773		3,249		—
Residential real estate		20,077		18,544		—		22,006		20,090		—
Home equity		2,890		2,663		—		2,675		2,506		—
Consumer		1,287		1,086		—		1,402		1,182		—
Total impaired loans without a specific allowance		45,474		41,062		—		53,940		49,219		—
With a specific allowance recorded:
Commercial real estate:
Land and construction		—		—		—		—		—		—
Improved property		7,980		7,980		2,765		729		729		51
Commercial and industrial		1,842		1,842		1,033		1,546		1,546		681
Total impaired loans with a specific allowance		9,822		9,822		3,798		2,275		2,275		732
Total impaired loans	$	55,296	$	50,884	$	3,798	$	56,215	$	51,494	$	732

(1) The difference between the unpaid principal balance and the recorded investment generally reflects amounts that have been previously charged-off.

	Impaired Loans
	For the Year Ended December 31, 2014				For the Year Ended December 31, 2013				For the Year Ended December 31, 2012
(in thousands)	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
With no related specific allowance recorded:
Commercial real estate:
Land and construction	$	1,977	$	35	$	4,552	$	87	$	9,054	$	157
Improved property		17,669		441		22,702		610		28,493		632
Commercial and industrial		3,561		103		3,757		112		6,408		123
Residential real estate		18,829		855		19,915		803		15,724		639
Home equity		2,356		75		2,262		68		1,324		64
Consumer		1,122		97		1,377		89		480		95
Total impaired loans without a specific allowance		45,514		1,606		54,565		1,769		61,483		1,710
With a specific allowance recorded:
Commercial real estate:
Land and construction		—		—		1,234		—		2,888		54
Improved property		2,795		348		2,746		22		7,388		196
Commercial and industrial		2,075		95		309		89		—		—
Total impaired loans with a specific allowance		4,870		443		4,289		111		10,276		250
Total impaired loans	$	50,384	$	2,049	$	58,854	$	1,880	$	71,759	$	1,960

Recorded Investment in Non-Accrual Loans and TDRs

The following tables present the recorded investment in non-accrual loans and TDRs:

	Non-accrual Loans (1)
(in thousands)	December 31, 2014		December 31, 2013
Commercial real estate:
Land and construction	$	1,488	$	2,564
Improved property		20,227		17,305
Total commercial real estate		21,715		19,869
Commercial and industrial		4,110		4,380
Residential real estate		10,329		10,240
Home equity		1,923		1,604
Consumer		741		540
Total	$	38,818	$	36,633

(1) Total non-accrual loans include loans that are also restructured. Such loans are also set forth in the following table as non-accrual TDRs.

	TDRs
	December 31, 2014						December 31, 2013
(in thousands)	Accruing		Non-Accrual		Total		Accruing		Non-Accrual		Total
Commercial real estate:
Land and construction	$	—	$	464	$	464	$	—	$	1,601	$	1,601
Improved property		2,437		1,850		4,287		3,052		3,658		6,710
Total commercial real estate		2,437		2,314		4,751		3,052		5,259		8,311
Commercial and industrial		329		478		807		415		579		994
Residential real estate		8,215		2,074		10,289		9,850		2,991		12,841
Home equity		740		245		985		902		289		1,191
Consumer		345		309		654		642		206		848
Total	$	12,066	$	5,420	$	17,486	$	14,861	$	9,324	$	24,185

Loans Identified as TDRs

The following table presents details related to loans identified as TDRs during the years ended December 31, 2014 and 2013:

	New TDRs (1) For the Year Ended December 31, 2014						New TDRs (1) For the Year Ended December 31, 2013
(dollars in thousands)	Number of Modifications		Pre- Modification Outstanding Recorded  Investment		Post- Modification Outstanding Recorded Investment		Number of Modifications		Pre- Modification Outstanding Recorded  Investment		Post- Modification Outstanding Recorded Investment
Commercial real estate:
Land and construction		—	$	—	$	—		2	$	366	$	353
Improved property		9		1,638		1,437		10		769		564
Total commercial real estate		9		1,638		1,437		12		1,135		917
Commercial and industrial		3		231		163		8		173		162
Residential real estate		8		424		400		30		2,688		2,557
Home equity		—		—		—		5		122		92
Consumer		11		199		167		13		144		101
Total		31	$	2,492	$	2,167		68	$	4,262	$	3,829

(1) Excludes loans that were either paid off or charged-off by period end. The pre-modification balance represents the balance outstanding at the beginning of the period. The post-modification balance represents the outstanding balance at period end.

TDRs Defaulted Later Restructured

The following table summarizes TDRs which defaulted (defined as past due 90 days) during the years ended December 31, 2014 and 2013 that were restructured within the last twelve months prior to December 31, 2014 and 2013:

	Defaulted TDRs (1) For the Year Ended December 31, 2014				Defaulted TDRs (1) For the Year Ended December 31, 2013
(dollars in thousands)	Number of Defaults		Recorded Investment		Number of Defaults		Recorded Investment
Commercial real estate:
Land and construction		—	$	—		—	$	—
Improved property		—		—		—		—
Total commercial real estate		—		—		—		—
Commercial and industrial		—		—		1		14
Residential real estate		—		—		12		1,043
Home equity		—		—		2		51
Consumer		1		26		—		—
Total		1	$	26		15	$	1,108

(1) Excludes loans that were either charged-off or cured by period end. The recorded investment is as of December 31, 2014 and 2013.

Recognition of Interest Income on Impaired Loans

The following table summarizes the recognition of interest income on impaired loans:

	For the years ended December 31,
(in thousands)	2014		2013		2012
Average impaired loans	$	50,384	$	58,854	$	71,759
Amount of contractual interest income on impaired loans		3,260		3,225		3,463
Amount of interest income recognized on impaired loans		2,049		1,880		1,960

Summary of Other Real Estate Owned and Repossessed Assets

The following table summarizes other real estate owned and repossessed assets included in other assets:

	December 31,
(in thousands)	2014		2013
Other real estate owned	$	4,920	$	4,689
Repossessed assets		162		171
Total other real estate owned and repossessed assets	$	5,082	$	4,860

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Employee Benefit Plans - Schedule of Activity for the Restricted Stock Component of the Plan (Detail) (Restricted Stock [Member], USD $)	12 Months Ended
	Dec. 31, 2014
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock Beginning Balance	91,194
Restricted Stock, Granted	42,540
Restricted Stock, Vested	(1,749)
Restricted Stock, Forfeited	(1,583)
Restricted Stock, Dividend reinvestment	3,066
Restricted Stock Ending Balance	133,468
Weighted Average Grant Date Fair Value Per Share Beginning Balance	$ 23.20
Weighted Average Grant Date Fair Value Per Share, Granted	$ 28.64
Weighted Average Grant Date Fair Value Per Share, Vested	$ 20.64
Weighted Average Grant Date Fair Value Per Share, Forfeited	$ 20.28
Weighted Average Grant Date Fair Value Per Share, Dividend reinvestment	$ 31.40
Weighted Average Grant Date Fair Value Per Share Ending Balance	$ 25.19

XML

Regulatory Matters - Summary of Risk-Based Capital Amounts and Ratios (Parenthetical) (Detail)	Dec. 31, 2014
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Percentage of risk-weighted assets in bank holding companies in Tier 1	4.00%
Minimum [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Percentage of risk-weighted assets in bank holding companies in Tier 1	3.00%

XML

Comprehensive Income/(Loss)

12 Months Ended

Dec. 31, 2014

Equity [Abstract]

Comprehensive Income/(Loss)

NOTE 15. COMPREHENSIVE INCOME/(LOSS)

The activity in accumulated other comprehensive income/(loss) for the years ended December 31, 2014, 2013 and 2012 is as follows:

	Accumulated Other Comprehensive Income/(Loss) (1)
(in thousands)	Defined Benefit Pension Plan			Unrealized Gains (Losses) on Securities Available-for-Sale			Unrealized Gains on Securities Transferred from Available-for-Sale to Held-to-Maturity			Total
Balance at December 31, 2013	$	(7,966	)	$	(6,126	)	$	1,358		$	(12,734	)
Other comprehensive income/(loss) before reclassifications		(15,768	)		9,638			—			(6,130	)
Amounts reclassified from accumulated other comprehensive income/(loss)		958			(620	)		(299	)		39
Period change		(14,810	)		9,018			(299	)		(6,091	)
Balance at December 31, 2014	$	(22,776	)	$	2,892		$	1,059		$	(18,825	)
Balance at December 31, 2012	$	(21,401	)	$	13,032		$	2,004		$	(6,365	)
Other comprehensive income/(loss) before reclassifications		11,224			(19,102	)		—			(7,878	)
Amounts reclassified from accumulated other comprehensive income/(loss)		2,211			(56	)		(646	)		1,509
Period change		13,435			(19,158	)		(646	)		(6,369	)
Balance at December 31, 2013	$	(7,966	)	$	(6,126	)	$	1,358		$	(12,734	)
Balance at December 31, 2011	$	(15,155	)	$	11,292		$	2,961		$	(902	)
Other comprehensive income/(loss) before reclassifications		(7,660	)		3,086			—			(4,574	)
Amounts reclassified from accumulated other comprehensive income/(loss)		1,414			(1,346	)		(957	)		(889	)
Period change		(6,246	)		1,740			(957	)		(5,463	)
Balance at December 31, 2012	$	(21,401	)	$	13,032		$	2,004		$	(6,365	)

(1) All amounts are net of tax. Related income tax expense or benefit is calculated using a combined Federal and State income tax rate approximating 37%.

Details about Accumulated Other Comprehensive Income/(Loss) Components	Amounts Reclassified from Accumulated Other Comprehensive Income/ (Loss) For the Years Ended December 31,									Affected Line Item in the Statement of Net Income
(in thousands)	2014			2013			2012
Securities available-for-sale (1):
Net securities gains reclassified into earnings	$	(981	)	$	(89	)	$	(2,142	)	Net securities gains (Non-interest income)
Related income tax expense		361			33			796		Provision for income taxes
Net effect on accumulated other comprehensive income/(loss) for the period		(620	)		(56	)		(1,346	)
Securities held-to-maturity (1):
Amortization of unrealized gain transferred from available-for-sale		(472	)		(1,029	)		(1,534	)	Interest and dividends on securities (Interest and dividend income)
Related income tax expense		173			383			577		Provision for income taxes
Net effect on accumulated other comprehensive income/(loss) for the period		(299	)		(646	)		(957	)
Defined benefit pension plan (2):
Amortization of net loss and prior service costs		1,516			3,579			2,332		Employee benefits (Non-interest expense)
Related income tax benefit		(558	)		(1,368	)		(918	)	Provision for income taxes
Net effect on accumulated other comprehensive income/(loss) for the period		958			2,211			1,414
Total reclassifications for the period	$	39		$	1,509		$	(889	)

(1) For additional detail related to unrealized gains on securities and related amounts reclassified from accumulated other comprehensive income/(loss) see Note 3, “Securities.”

(2) Included in the computation of net periodic pension cost. See Note 11, “Employee Benefit Plans” for additional detail.

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Loans and the Allowance for Credit Losses - Summary of Age Analysis of Loan Categories (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2014
Receivables [Abstract]
Past due loans excluded TDRs past due and accruing	90 days

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Fair Value Measurement - Estimates Fair Value of Financial Instruments (Detail) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Financial Assets
Cash and due from banks	$ 94,002	$ 95,551	$ 125,605	$ 140,325
Securities available-for-sale	917,424	934,386
Securities held-to-maturity	593,670	598,520
Net loans	4,042,112	3,847,549
Loans held for sale	5,865	5,855
Accrued interest receivable	18,481	18,960
Bank-owned life insurance	123,298	121,390
Financial Liabilities
Deposits	5,048,983	5,062,530
Federal Home Loan Bank borrowings	223,126	39,508
Other borrowings	80,690	150,536
Junior Subordinated Debt	106,176	106,137
Accrued interest payable	1,620	2,354
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Financial Assets
Cash and due from banks	94,002	95,551
Securities available-for-sale	8,440	9,962
Accrued interest receivable	18,481	18,960
Bank-owned life insurance	123,298	121,390
Financial Liabilities
Deposits	3,743,887	3,551,052
Other borrowings	77,534	104,196
Accrued interest payable	1,620	2,354
Significant Other Observable Inputs (Level 2) [Member]
Financial Assets
Securities available-for-sale	908,984	924,424
Securities held-to-maturity	618,895	595,581
Loans held for sale	5,865	5,855
Financial Liabilities
Deposits	1,312,941	1,525,155
Federal Home Loan Bank borrowings	225,456	42,314
Other borrowings	3,162	48,819
Junior Subordinated Debt	79,212	74,038
Significant Unobservable Inputs (Level 3) [Member]
Financial Assets
Securities held-to-maturity	722	727
Net loans	4,047,648	3,754,465
Carrying Amount [Member]
Financial Assets
Cash and due from banks	94,002	95,551
Securities available-for-sale	917,424	934,386
Securities held-to-maturity	593,670	598,520
Net loans	4,042,112	3,847,549
Loans held for sale	5,865	5,855
Accrued interest receivable	18,481	18,960
Bank-owned life insurance	123,298	121,390
Financial Liabilities
Deposits	5,048,983	5,062,530
Federal Home Loan Bank borrowings	223,126	39,508
Other borrowings	80,690	150,536
Junior Subordinated Debt	106,176	106,137
Accrued interest payable	1,620	2,354
Fair Value Estimate [Member]
Financial Assets
Cash and due from banks	94,002	95,551
Securities available-for-sale	917,424	934,386
Securities held-to-maturity	619,617	596,308
Net loans	4,047,648	3,754,465
Loans held for sale	5,865	5,855
Accrued interest receivable	18,481	18,960
Bank-owned life insurance	123,298	121,390
Financial Liabilities
Deposits	5,056,828	5,076,207
Federal Home Loan Bank borrowings	225,456	42,314
Other borrowings	80,696	153,015
Junior Subordinated Debt	79,212	74,038
Accrued interest payable	$ 1,620	$ 2,354

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Consolidated Statements of Changes in Shareholders' Equity (Parenthetical) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Common dividends declared, per share	$ 0.88	$ 0.78	$ 0.70
Retained Earnings [Member]
Common dividends declared, per share	$ 0.88	$ 0.78	$ 0.70

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Consolidated Balance Sheets (Parenthetical) (USD $) In Thousands, except Share data, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Statement of Financial Position [Abstract]
Interest bearing deposits, banks	$ 8,405	$ 15,550
Held-to-maturity securities, fair values	$ 619,617	$ 596,308
Preferred stock, no par value	$ 0	$ 0
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 2.0833	$ 2.0833
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	29,367,511	29,367,511
Common stock, shares outstanding	29,298,188	29,175,236
Treasury stock, shares	69,323	192,275

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Certificates Of Deposit

12 Months Ended

Dec. 31, 2014

Banking and Thrift [Abstract]

Certificates Of Deposit

NOTE 8. CERTIFICATES OF DEPOSIT

Certificates of deposit in denominations of $100 thousand or more were $706.1 million and $809.7 million as of December 31, 2014 and 2013, respectively. Interest expense on certificates of deposit of $100 thousand or more was $7.5 million, $13.0 million and $14.9 million for the years ended December 31, 2014, 2013 and 2012, respectively.

At December 31, 2014, the scheduled maturities of total certificates of deposit are as follows (in thousands):

Year	Amount
2015	$	764,694
2016		262,625
2017		87,611
2018		86,341
2019		82,251
2020 and thereafter		21,574
Total	$	1,305,096

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Income Taxes - Schedule of Deferred tax assets and liabilities (Detail) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Deferred tax assets:
Allowance for loan losses	$ 16,386	$ 17,414	$ 19,901
Compensation and benefits	8,764	2,324	10,192
Security gains and losses	2,817	3,261	2,261
Purchase accounting adjustments	1,497	3,544	8,037
Non-accrual interest income	2,129	1,850	1,745
Tax credit carryforwards	10,163	11,517	11,838
Federal net operating loss carryforwards	597	1,415	2,316
Fair value adjustments on securities available-for-sale		2,772
Other	3,327	3,175	3,070
Gross deferred tax assets	45,680	47,272	59,360
Deferred tax liabilities:
Depreciation and amortization	(1,900)	(1,416)	(962)
Accretion on securities	(295)	(262)	(397)
Fair value adjustments on securities available-for-sale	(2,297)		(8,806)
Other	(1,728)	(983)	(1,257)
Gross deferred tax liabilities	(6,220)	(2,661)	(11,422)
Net deferred tax assets	$ 39,460	$ 44,611	$ 47,938

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Employee Benefit Plans - Fair Values of the WesBanco's Pension Plan Assets (Parenthetical) (Detail) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Compensation Related Costs [Abstract]
Net assets available for benefits	$ 110,037	$ 100,274	$ 82,608

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Employee Benefit Plans - Summary of Weighted-Average Asset Allocations by Asset Category (Detail)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Defined Benefit Plan Assets Target Allocations [Line Items]
Total	100.00%	100.00%
Equity Securities [Member]
Defined Benefit Plan Assets Target Allocations [Line Items]
Target Allocation for 2014 Minimum	55.00%
Target Allocation for 2014 Maximum	75.00%
Total	65.00%	68.00%
Debt Securities [Member]
Defined Benefit Plan Assets Target Allocations [Line Items]
Target Allocation for 2014 Minimum	25.00%
Target Allocation for 2014 Maximum	55.00%
Total	32.00%	30.00%
Cash and Cash Equivalents [Member]
Defined Benefit Plan Assets Target Allocations [Line Items]
Target Allocation for 2014 Minimum	0.00%
Target Allocation for 2014 Maximum	5.00%
Total	3.00%	2.00%

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Regulatory Matters - Summary of Risk-Based Capital Amounts and Ratios (Detail) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Percentage of risk-weighted assets in bank holding companies in Tier 1	4.00%
Tier 1 capital to risk-weighted assets, minimum value	4.00%
Total capital to risk-weighted assets, minimum value	8.00%
Tier 1 leverage, well capitalized
Tier 1 capital to risk-weighted assets, well capitalized	6.00%
Total capital to risk-weighted assets, well capitalized	10.00%
Tier 1 leverage, amount	$ 593,031	$ 544,083
Tier 1 capital to risk-weighted assets, amount	593,031	544,083
Total capital to risk-weighted assets, amount	638,064	591,451
Tier 1 leverage, ratio	9.88%	9.27%
Tier 1 capital to risk-weighted assets, ratio	13.76%	13.06%
Total capital to risk-weighted assets, ratio	14.81%	14.19%
WesBanco Bank Inc [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Percentage of risk-weighted assets in bank holding companies in Tier 1	4.00%
Tier 1 capital to risk-weighted assets, minimum value	4.00%
Total capital to risk-weighted assets, minimum value	8.00%
Tier 1 leverage, well capitalized	5.00%
Tier 1 capital to risk-weighted assets, well capitalized	6.00%
Total capital to risk-weighted assets, well capitalized	10.00%
Tier 1 leverage, amount	516,689	502,165
Tier 1 capital to risk-weighted assets, amount	516,689	502,165
Total capital to risk-weighted assets, amount	561,369	549,533
Tier 1 leverage, ratio	8.63%	8.58%
Tier 1 capital to risk-weighted assets, ratio	12.04%	12.11%
Total capital to risk-weighted assets, ratio	13.08%	13.25%
Minimum [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Percentage of risk-weighted assets in bank holding companies in Tier 1	3.00%
Tier 1 leverage, amount	240,068	234,863
Tier 1 capital to risk-weighted assets, amount	172,357	166,691
Total capital to risk-weighted assets, amount	344,714	333,382
Tier 1 leverage, ratio	3.00%
Minimum [Member] | WesBanco Bank Inc [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier 1 leverage, amount	239,533	234,109
Tier 1 capital to risk-weighted assets, amount	171,612	165,828
Total capital to risk-weighted assets, amount	$ 343,225	$ 331,656

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Wesbanco Bank Community Development Corporation - Schedule of Condensed Cash Flow Statement (Detail) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
OPERATING ACTIVITIES
Net income	$ 69,974	$ 63,925	$ 49,544
Provision for loan losses	6,552	8,825	20,001
Gain on investments	(903)	(684)	(2,463)
Decrease (increase) in other assets	10,205	26,371	5,212
Net change in liabilities	(1,896)	(4,195)	9,711
INVESTING ACTIVITIES
Increase in loans	(199,760)	(220,562)	(169,215)
FINANCING ACTIVITIES
Net decrease in cash and cash equivalents	(1,549)	(30,054)	(14,720)
Cash and cash equivalents at beginning of the year	95,551	125,605	140,325
Cash and cash equivalents at end of the year	94,002	95,551	125,605
WBCDC [Member]
OPERATING ACTIVITIES
Net income	920
Provision for loan losses	43
Gain on investments	(83)
Decrease (increase) in other assets	106
Net change in liabilities	(563)
Net cash provided by operating activities	423
INVESTING ACTIVITIES
Increase in loans	(1,193)
Net cash used by investing activities	(1,193)
FINANCING ACTIVITIES
Qualified equity investment by parent company	0
Net cash provided by financing activities	0
Net decrease in cash and cash equivalents	(770)
Cash and cash equivalents at beginning of the year	25,040
Cash and cash equivalents at end of the year	$ 24,270

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Document and Entity Information (USD $)	12 Months Ended
	Dec. 31, 2014	Feb. 20, 2015	Jun. 30, 2014
Document And Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2014
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	FY
Trading Symbol	WSBC
Entity Registrant Name	WESBANCO INC
Entity Central Index Key	0000203596
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		38,481,049
Entity Public Float			$ 843,146,163

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Condensed Parent Company Financial Statements - Schedule of Condensed Income Statement (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended								12 Months Ended
	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Condensed Income Statements, Captions [Line Items]
Income from securities	$ 54,185	$ 54,303	$ 54,044	$ 53,457	$ 54,257	$ 54,317	$ 54,424	$ 54,892	$ 215,991	$ 217,890	$ 211,686
Net securities gain									903	684	2,463
Other income									5,555	5,456	5,103
Total expense	41,972	39,263	40,304	40,095	40,743	40,009	39,499	40,747	161,633	160,998	150,120
Income before provision for income taxes	21,694	24,524	25,395	22,080	20,301	20,419	23,193	20,775	93,694	84,688	63,132
Income tax benefit	5,182	6,358	6,520	5,659	4,948	4,884	6,176	4,754	23,720	20,763	13,588
Equity in undistributed net income of subsidiaries									900	1,200	1,500
NET INCOME	16,512	18,166	18,875	16,421	15,353	15,535	17,017	16,021	69,974	63,925	49,544
Parent Company [Member]
Condensed Income Statements, Captions [Line Items]
Dividends from subsidiaries-Bank									59,500	42,000	36,500
Dividends from subsidiaries-Nonbank									1,200	860	562
Income from securities									128	194	102
Net securities gain									745	6	11
Other income									416	67	96
Total income									61,989	43,127	37,271
Total expense									7,139	5,810	7,145
Income before provision for income taxes									54,850	37,317	30,126
Income tax benefit									(2,006)	(2,132)	(2,305)
Income before undistributed net income of subsidiaries									56,856	39,449	32,431
Equity in undistributed net income of subsidiaries									13,118	24,476	17,113
NET INCOME									$ 69,974	$ 63,925	$ 49,544

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FHLB And Other Short-Term Borrowings

12 Months Ended

Dec. 31, 2014

Text Block [Abstract]

FHLB And Other Short-Term Borrowings

NOTE 9. FHLB AND OTHER SHORT-TERM BORROWINGS

WesBanco is a member of the FHLB system. WesBanco’s FHLB borrowings, which consist of borrowings from both the FHLB of Pittsburgh and the FHLB of Cincinnati, are secured by a blanket lien by the FHLB on certain residential mortgages and other loan types or securities with a market value in excess of the outstanding balances of the borrowings. At December 31, 2014 and 2013, WesBanco had FHLB borrowings of $223.1 million and $39.5 million, with a remaining weighted-average interest rate of 0.91% and 3.81%, respectively, with $150.9 million representing short-term borrowings at December 31, 2014. The terms of the security agreement with the FHLB include a specific assignment of collateral that requires the maintenance of qualifying mortgage and other types of loans as pledged collateral with unpaid principal amounts in excess of the FHLB advances, when discounted at certain pre-established percentages of the loans’ unpaid principal balances. FHLB stock owned by WesBanco totaling $11.6 million at December 31, 2014 and 2013, respectively, is also pledged as collateral on these advances. The remaining maximum borrowing capacity by WesBanco with the FHLB at December 31, 2014 and 2013 was estimated to be approximately $1.5 billion and $1.6 billion, respectively.

Other short-term borrowings of $80.7 million and $150.5 million at December 31, 2014, and 2013, respectively, may consist of securities sold under agreements to repurchase, federal funds purchased, and outstanding borrowings on a revolving line of credit. At December 31, 2014 and 2013, securities sold under agreements to repurchase were $80.7 million and $130.5 million, with a weighted average interest rate during the year of 1.36% and 1.87%, respectively. There were $20.0 million of federal funds purchased with an interest rate of 0.70% as of December 31, 2013. There were no outstanding balances of federal funds purchased at December 31, 2014.

The parent company revolving line of credit matures September 4, 2015. The revolving line of credit, which accrues interest at an adjusted LIBOR rate, and includes certain covenants that WesBanco was in compliance with at December 31, 2014, provides for aggregate outstanding borrowings of up to $25.0 million. There were no outstanding balances as of either December 31, 2014 or 2013.

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Goodwill and Other Intangible Assets - Schedule of Future Amortization on Intangible Assets (Detail) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
2015	$ 1,634
2016	1,401
2017	1,179
2018	965
2019	$ 767

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Employee Benefit Plans - Components of and Weighted-Average Assumptions Used in Determining Net Periodic Benefit Costs (Detail) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Components of net periodic benefit cost:
Service cost	$ 2,909	$ 3,120	$ 2,737
Interest cost	4,745	4,096	3,882
Expected return on plan assets	(7,229)	(5,993)	(5,541)
Amortization of prior service cost	45	45	45
Amortization of net loss	1,471	3,534	2,287
Net periodic pension cost	1,941	4,802	3,410
Other changes in plan assets and benefit obligations recognized in other comprehensive income:
Net (gain) loss for period	24,934	(17,751)	12,143
Amortization of prior service cost	(45)	(45)	(45)
Amortization of net loss	(1,471)	(3,534)	(2,287)
Total recognized in other comprehensive income	23,418	(21,330)	9,811
Total recognized in net periodic pension cost and other comprehensive income	$ 25,359	$ (16,528)	$ 13,221
Weighted-average assumptions used to determine net periodic pension cost:
Discount rate	5.17%	4.36%	5.11%
Rate of compensation increase	3.97%	3.00%	3.00%
Expected long-term return on assets	7.25%	7.25%	7.75%

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Consolidated Statements of Income (USD $) In Thousands, except Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
INTEREST AND DIVIDEND INCOME
Loans, including fees	$ 172,182	$ 175,323	$ 166,656
Interest and dividends on securities:
Taxable	29,233	29,193	32,461
Tax-exempt	13,589	13,128	12,399
Total interest and dividends on securities	42,822	42,321	44,860
Other interest income	987	246	170
Total interest and dividend income	215,991	217,890	211,686
INTEREST EXPENSE
Interest bearing demand deposits	1,568	1,415	1,526
Money market deposits	1,877	1,462	2,183
Savings deposits	532	525	864
Certificates of deposit	13,286	22,010	26,371
Total interest expense on deposits	17,263	25,412	30,944
Federal Home Loan Bank borrowings	968	1,151	4,473
Other short-term borrowings	1,333	2,525	4,480
Junior subordinated debt owed to unconsolidated subsidiary trusts	3,199	3,315	3,438
Total interest expense	22,763	32,403	43,335
NET INTEREST INCOME	193,228	185,487	168,351
Provision for credit losses	6,405	9,086	19,874
Net interest income after provision for credit losses	186,823	176,401	148,477
NON-INTEREST INCOME
Trust fees	21,069	19,577	18,044
Service charges on deposits	16,135	17,925	17,138
Electronic banking fees	12,708	12,198	11,336
Net securities brokerage revenue	6,922	6,248	4,604
Bank-owned life insurance	4,614	4,664	3,516
Net gains on sales of mortgage loans	1,604	2,614	2,876
Net securities gains	903	684	2,463
Net losses on other real estate owned and other assets	(1,006)	(81)	(305)
Other income	5,555	5,456	5,103
Total non-interest income	68,504	69,285	64,775
NON-INTEREST EXPENSE
Salaries and wages	67,408	65,431	58,913
Employee benefits	21,518	23,255	21,462
Net occupancy	12,122	11,809	10,905
Equipment	11,542	10,669	9,221
Marketing	5,242	5,174	4,235
FDIC insurance	3,376	3,725	3,899
Amortization of intangible assets	1,920	2,288	2,150
Restructuring and merger-related expense	1,309	1,310	3,888
Other operating expenses	37,196	37,337	35,447
Total non-interest expense	161,633	160,998	150,120
Income before provision for income taxes	93,694	84,688	63,132
Provision for income taxes	23,720	20,763	13,588
NET INCOME	$ 69,974	$ 63,925	$ 49,544
EARNINGS PER COMMON SHARE
Basic	$ 2.39	$ 2.18	$ 1.84
Diluted	$ 2.39	$ 2.18	$ 1.84
AVERAGE COMMON SHARES OUTSTANDING
Basic	29,249,499	29,270,922	26,867,227
Diluted	29,333,876	29,344,683	26,888,847
DIVIDENDS DECLARED PER COMMON SHARE	$ 0.88	$ 0.78	$ 0.70

XML

Securities

12 Months Ended

Dec. 31, 2014

Investments, Debt and Equity Securities [Abstract]

Securities

NOTE 3. SECURITIES

The following table shows the amortized cost and fair values of available-for-sale and held-to-maturity securities:

	December 31, 2014									December 31, 2013
(in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
Available-for-sale
Obligations of government agencies	$	86,964	$	1,087	$	(315	)	$	87,736	$	75,164	$	6	$	(1,938	)	$	73,232
Residential mortgage-backed securities and collateralized mortgage obligations of government agencies		703,535		4,336		(6,758	)		701,113		707,000		3,191		(15,924	)		694,267
Obligations of states and political subdivisions		86,073		5,365		(5	)		91,433		112,536		4,165		(355	)		116,346
Corporate debt securities		25,974		141		(119	)		25,996		38,777		174		(470	)		38,481
Total debt securities	$	902,546	$	10,929	$	(7,197	)	$	906,278	$	933,477	$	7,536	$	(18,687	)	$	922,326
Equity securities		10,304		842		—			11,146		10,597		1,463		—			12,060
Total available-for-sale securities	$	912,850	$	11,771	$	(7,197	)	$	917,424	$	944,074	$	8,999	$	(18,687	)	$	934,386
Held-to-maturity
Residential mortgage-backed securities and collateralized mortgage obligations of government agencies	$	79,004	$	3,262	$	(246	)	$	82,020	$	99,409	$	2,804	$	(1,023	)	$	101,190
Obligations of states and political subdivisions		507,927		23,917		(1,043	)		530,801		496,396		10,158		(13,906	)		492,648
Corporate debt securities		6,739		106		(49	)		6,796		2,715		—		(245	)		2,470
Total held-to-maturity securities	$	593,670	$	27,285	$	(1,338	)	$	619,617	$	598,520	$	12,962	$	(15,174	)	$	596,308
Total securities	$	1,506,520	$	39,056	$	(8,535	)	$	1,537,041	$	1,542,594	$	21,961	$	(33,861	)	$	1,530,694

At December 31, 2014 and 2013, there were no holdings of any one issuer, other than the U.S. government and its agencies, in an amount greater than 10% of WesBanco’s shareholders’ equity.

The following table presents the fair value of available-for-sale and held-to-maturity securities by contractual maturity at December 31, 2014. In many instances, the issuers may have the right to call or prepay obligations without penalty prior to the contractual maturity date.

	December 31, 2014
(in thousands)	One Year or less		One to Five Years		Five to Ten Years		After Ten Years		Mortgage-backed and Equity		Total
Available-for-sale
Obligations of government agencies	$	—	$	25,645	$	44,952	$	17,139	$	—	$	87,736
Residential mortgage-backed securities and collateralized mortgage obligations of government agencies (1)		—		—		—		—		701,113		701,113
Obligations of states and political subdivisions		6,312		33,242		19,089		32,790		—		91,433
Corporate debt securities		10,034		2,080		9,015		4,867		—		25,996
Equity securities (2)		—		—		—		—		11,146		11,146
Total available-for-sale securities	$	16,346	$	60,967	$	73,056	$	54,796	$	712,259	$	917,424
Held-to-maturity (3)
Residential mortgage-backed securities and collateralized mortgage obligations of government agencies (1)	$	—	$	—	$	—	$	—	$	82,020	$	82,020
Obligations of states and political subdivisions		3,377		13,876		216,427		297,121		—		530,801
Corporate debt securities		—		—		6,796		—		—		6,796
Total held-to-maturity securities	$	3,377	$	13,876	$	223,223	$	297,121	$	82,020	$	619,617
Total securities	$	19,723	$	74,843	$	296,279	$	351,917	$	794,279	$	1,537,041

(1) Mortgage-backed and collateralized mortgage securities, which have prepayment provisions, are not assigned to maturity categories due to fluctuations in their prepayment speeds.

(2) Equity securities, which have no stated maturity, are not assigned a maturity category.

(3) The held-to-maturity portfolio is carried at an amortized cost of $593.7 million.

Securities with aggregate fair values of $706.5 million and $701.7 million at December 31, 2014 and 2013, 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 $16.2 million, $9.3 million and $202.8 million for the years ended December 31, 2014, 2013 and 2012, respectively. Net unrealized gains (losses) on available-for-sale securities included in accumulated other comprehensive income net of tax, as of December 31, 2014, 2013 and 2012 were $2.9 million, ($6.1) million and $13.0 million, respectively.

The following table presents the gross realized gains and losses on sales and calls of securities for the years ended December 31, 2014, 2013 and 2012, respectively.

	For the Years Ended December 31,
(in thousands)	2014			2013			2012
Gross realized gains	$	1,131		$	922		$	2,680
Gross realized losses		(228	)		(238	)		(217	)
Net realized gains (losses)	$	903		$	684		$	2,463

The following tables provide information on unrealized losses on investment securities that have been in an unrealized loss position for less than twelve months and twelve months or more as of December 31, 2014 and 2013:

	December 31, 2014
	Less than 12 months							12 months or more							Total
(dollars in thousands)	Fair Value		Unrealized Losses			# of Securities		Fair Value		Unrealized Losses			# of Securities		Fair Value		Unrealized Losses			# of Securities
Obligations of government agencies	$	19,362	$	(77	)		5	$	19,757	$	(238	)		4	$	39,119	$	(315	)		9
Residential mortgage-backed securities and collateralized mortgage obligations of government agencies		78,786		(386	)		19		240,055		(6,618	)		43		318,841		(7,004	)		62
Obligations of states and political subdivisions		12,615		(96	)		15		61,548		(952	)		93		74,163		(1,048	)		108
Corporate debt securities		2,969		(31	)		1		4,573		(137	)		2		7,542		(168	)		3
Total temporarily impaired securities	$	113,732	$	(590	)		40	$	325,933	$	(7,945	)		142	$	439,665	$	(8,535	)		182
	December 31, 2013
	Less than 12 months							12 months or more							Total
(dollars in thousands)	Fair Value		Unrealized Losses			# of Securities		Fair Value		Unrealized Losses			# of Securities		Fair Value		Unrealized Losses			# of Securities
Obligations of government agencies	$	54,356	$	(1,911)			15	$	5,083	$	(27	)		2	$	59,439	$	(1,938)			17
Residential mortgage-backed securities and collateralized mortgage obligations of government agencies		513,495		(14,639	)		89		37,002		(2,308	)		11		550,497		(16,947	)		100
Obligations of states and political subdivisions		181,667		(10,830	)		277		47,793		(3,431	)		76		229,460		(14,261	)		353
Corporate debt securities		19,837		(560	)		7		2,845		(155	)		1		22,682		(715	)		8
Total temporarily impaired securities	$	769,355	$	(27,940	)		388	$	92,723	$	(5,921	)		90	$	862,078	$	(33,861	)		478

Unrealized losses on debt securities in the tables represent temporary fluctuations resulting from changes in market rates in relation to fixed yields. Unrealized losses in the available-for-sale portfolio are accounted for as an adjustment, net of taxes, to other comprehensive income in shareholders’ equity.

WesBanco does not believe the securities presented above are impaired due to reasons of credit quality, as there are no debt securities rated below investment grade and all are paying principal and interest according to their contractual terms. WesBanco does not intend to sell, nor is it more likely than not that it will be required to sell, loss position securities prior to recovery of their cost, and therefore, management believes the unrealized losses detailed above are temporary and no impairment loss relating to these securities has been recognized.

Securities that do not have readily determinable fair values and for which WesBanco does not exercise significant influence are carried at cost. Cost method investments consist primarily of FHLB of Pittsburgh and FHLB of Cincinnati stock totaling $11.6 million at December 31, 2014 and 2013, respectively, and are included in other assets in the Consolidated Balance Sheets. Cost method investments are evaluated for impairment whenever events or circumstances suggest that their carrying value may not be recoverable.

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Earnings Per Common Share

12 Months Ended

Dec. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Common Share

NOTE 2. EARNINGS PER COMMON SHARE

Earnings per common share are calculated as follows:

	For the years ended December 31,
(in thousands, except shares and per share amounts)	2014		2013		2012
Numerator for both basic and diluted earnings per common share:
Net income	$	69,974	$	63,925	$	49,544
Denominator:
Total average basic common shares outstanding		29,249,499		29,270,922		26,867,227
Effect of dilutive stock options and warrant		84,377		73,761		21,620
Total diluted average common shares outstanding		29,333,876		29,344,683		26,888,847
Earnings per common share—basic	$	2.39	$	2.18	$	1.84
Earnings per common share—diluted	$	2.39	$	2.18	$	1.84

Stock options representing shares of 0, 42,701 and 159,569 were not included in the computation of diluted earnings per share for the years ended December 31, 2014, 2013 and 2012, respectively, because to do so would have been anti-dilutive.

On February 10, 2015, WesBanco issued approximately 9.2 million shares to complete its acquisition of ESB Financial Corporation (“ESB”). For additional information relating to the acquisition, refer to Note 23, “Subsequent Events.”

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Fair Value Measurement

12 Months Ended

Dec. 31, 2014

Fair Value Disclosures [Abstract]

Fair Value Measurement

NOTE 14. FAIR VALUE MEASUREMENT

Fair value estimates are based on quoted market prices, if available, quoted market prices of similar assets or liabilities, or the present value of expected future cash flows and other valuation techniques. These valuations are significantly affected by discount rates, cash flow assumptions, and risk assumptions used. Therefore, fair value estimates may not be substantiated by comparison to independent markets and are not intended to reflect the proceeds that may be realizable in an immediate settlement of the instruments.

Fair value is determined at one point in time and is not representative of future value. These amounts do not reflect the total value of a going concern organization. Management does not have the intention to dispose of a significant portion of its assets and liabilities and therefore, the unrealized gains or losses should not be interpreted as a forecast of future earnings and cash flows.

The following is a discussion of assets and liabilities measured at fair value on a recurring basis and valuation techniques applied:

Securities available-for-sale: The fair value of securities available-for-sale, which are measured on a recurring basis, are determined primarily by obtaining quoted prices on nationally recognized securities exchanges or matrix pricing, which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to other similar securities. These securities are classified within Level 1 or 2 in the fair value hierarchy. Certain equity securities that are lightly traded in over-the-counter markets are classified as Level 2 in the fair value hierarchy, as quoted market prices may not be available on the fair value measurement date. Positions that are not traded in active markets for which valuations are generated using assumptions not observable in the market or management’s best estimate are classified within Level 3 of the fair value hierarchy. This includes certain specific municipal debt issues for which the credit quality and discount rate must be estimated.

We may be required from time to time to measure certain assets at fair value on a nonrecurring basis in accordance with GAAP. These adjustments to fair value usually result from application of lower-of-cost-or-market accounting or write-downs of individual assets.

Impaired loans: Impaired loans are carried at the lower of cost or the fair value of the collateral for collateral-dependent loans. Collateral may be in the form of real estate or business assets including equipment, inventory and accounts receivable. The use of independent appraisals, discounted cash flow models and management’s best judgment are significant inputs in arriving at the fair value measure of the underlying collateral and impaired loans are therefore classified within Level 3 of the fair value hierarchy.

Other real estate owned and repossessed assets: Other real estate owned and repossessed assets are carried at the lower of the investment in the assets or the fair value of the assets less estimated selling costs. The use of independent appraisals and management’s best judgment are significant inputs in arriving at the fair value measure of the underlying collateral, and therefore other real estate owned and repossessed assets are classified within Level 3 of the fair value hierarchy.

Loans held for sale: Loans held for sale are carried, in aggregate, at the lower of cost or fair value. The use of a valuation model using quoted prices of similar instruments are significant inputs in arriving at the fair value and therefore loans held for sale are classified within Level 2 of the fair value hierarchy.

The following tables set forth WesBanco’s financial assets and liabilities that were accounted for at fair value on a recurring and nonrecurring basis by level within the fair value hierarchy as of December 31, 2014 and 2013:

			December 31, 2014 Fair Value Measurements Using:
(in thousands)	December 31, 2014		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Recurring fair value measurements
Securities—available-for-sale
Obligations of government agencies	$	87,736	$	—	$	87,736	$	—
Residential mortgage-backed securities and collateralized mortgage obligations of government agencies		701,113		—		701,113		—
Obligations of state and political subdivisions		91,433		—		91,433		—
Corporate debt securities		25,996		—		25,996		—
Equity securities		11,146		8,440		2,706		—
Total securities—available-for-sale	$	917,424	$	8,440	$	908,984	$	—
Total recurring fair value measurements	$	917,424	$	8,440	$	908,984	$	—
Nonrecurring fair value measurements
Impaired loans	$	6,024	$	—	$	—	$	6,024
Other real estate owned and repossessed assets		5,082		—		—		5,082
Loans held for sale		5,865		—		5,865		—
Total nonrecurring fair value measurements	$	16,971	$	—	$	5,865	$	11,106

			December 31, 2013 Fair Value Measurements Using:
(in thousands)	December 31, 2013		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Recurring fair value measurements
Securities—available-for-sale
Obligations of government agencies	$	73,232	$	—	$	73,232	$	—
Residential mortgage-backed securities and collateralized mortgage obligations of government agencies		694,267		—		694,267		—
Obligations of state and political subdivisions		116,346		—		116,346		—
Corporate debt securities		38,481		—		38,481		—
Equity securities		12,060		9,962		2,098		—
Total securities—available-for-sale	$	934,386	$	9,962	$	924,424	$	—
Total recurring fair value measurements	$	934,386	$	9,962	$	924,424	$	—
Nonrecurring fair value measurements
Impaired loans	$	1,543	$	—	$	—	$	1,543
Other real estate owned and repossessed assets		4,860		—		—		4,860
Loans held for sale		5,855		—		5,855		—
Total nonrecurring fair value measurements	$	12,258	$	—	$	5,855	$	6,403

WesBanco’s policy is to recognize transfers between levels as of the actual date of the event or change in circumstances that caused the transfer. There were no transfers between Levels 1, 2, or 3 for the years ended December 31, 2014 and 2013.

The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis and for which WesBanco has utilized Level 3 inputs to determine fair value:

	Quantitative Information about Level 3 Fair Value Measurements
(in thousands)	Fair Value Estimate		Valuation Techniques		Unobservable Input		Range / Weighted Average
December 31, 2014:
Impaired loans	$	6,024		Appraisal of collateral (1)		Appraisal adjustments (2)	0% to (39.7%) / (6.7%)
						Liquidation expenses (2)	(1.2%) to (8.0%) / (6.7%)
Other real estate owned and repossessed assets		5,082		Appraisal of collateral (1)(3)
December 31, 2013:
Impaired loans	$	1,543		Appraisal of collateral (1)		Appraisal adjustments (2)	0% to (29.1%) / (15.6%)
						Liquidation expenses (2)	(3.5%) to (8.0%) / (4.7%)
Other real estate owned and repossessed assets		4,860		Appraisal of collateral (1)(3)

(1) Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various Level 3 inputs which are not identifiable.

(2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of appraisal adjustments and liquidation expenses are presented as a percent of the appraisal.

(3) Includes estimated liquidation expenses and numerous dissimilar qualitative adjustments by management which are not identifiable.

The estimated fair values of WesBanco’s financial instruments are summarized below:

(in thousands)	Carrying Amount		Fair Value Estimate		Fair Value Measurements
					Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
December 31, 2014
Financial Assets
Cash and due from banks	$	94,002	$	94,002	$	94,002	$	—	$	—
Securities available-for-sale		917,424		917,424		8,440		908,984		—
Securities held-to-maturity		593,670		619,617		—		618,895		722
Net loans		4,042,112		4,047,648		—		—		4,047,648
Loans held for sale		5,865		5,865		—		5,865		—
Accrued interest receivable		18,481		18,481		18,481		—		—
Bank-owned life insurance		123,298		123,298		123,298		—		—
Financial Liabilities
Deposits		5,048,983		5,056,828		3,743,887		1,312,941		—
Federal Home Loan Bank borrowings		223,126		225,456		—		225,456		—
Other borrowings		80,690		80,696		77,534		3,162		—
Junior subordinated debt		106,176		79,212		—		79,212		—
Accrued interest payable		1,620		1,620		1,620		—		—
December 31, 2013
Financial Assets
Cash and due from banks	$	95,551	$	95,551	$	95,551	$	—	$	—
Securities available-for-sale		934,386		934,386		9,962		924,424		—
Securities held-to-maturity		598,520		596,308		—		595,581		727
Net loans		3,847,549		3,754,465		—		—		3,754,465
Loans held for sale		5,855		5,855		—		5,855		—
Accrued interest receivable		18,960		18,960		18,960		—		—
Bank-owned life insurance		121,390		121,390		121,390		—		—
Financial Liabilities
Deposits		5,062,530		5,076,207		3,551,052		1,525,155		—
Federal Home Loan Bank borrowings		39,508		42,314		—		42,314		—
Other borrowings		150,536		153,015		104,196		48,819		—
Junior subordinated debt		106,137		74,038		—		74,038		—
Accrued interest payable		2,354		2,354		2,354		—		—

The following methods and assumptions were used to measure the fair value of financial instruments recorded at cost on WesBanco’s consolidated balance sheets:

Cash and due from banks: The carrying amount for cash and due from banks is a reasonable estimate of fair value.

Securities held-to-maturity: Fair values for securities held-to-maturity are determined in the same manner as securities available-for-sale which is described above.

Net loans: Fair values for loans are estimated using a discounted cash flow methodology. The discount rates take into account interest rates currently being offered to customers for loans with similar terms, the credit risk associated with the loan and market factors, including liquidity. The valuation of the loan portfolio reflects discounts that WesBanco believes are consistent with transactions occurring in the marketplace for both performing and distressed loan types. The carrying value that fair value is compared to is net of the allowance for loan losses and other associated premiums and discounts. Due to the significant judgment involved in evaluating credit quality, loans are classified within Level 3 of the fair value hierarchy.

Accrued interest receivable: The carrying amount of accrued interest receivable approximates its fair value.

Bank-Owned Life Insurance: The carrying value of bank-owned life insurance represents the net cash surrender value of the underlying insurance policies, should these policies be terminated. Management believes that the carrying value approximates fair value.

Deposits: The carrying amount is considered a reasonable estimate of fair value for demand, savings and other variable rate deposit accounts. The fair value of fixed maturity certificates of deposit is estimated by a discounted cash flow method using the rates currently offered for deposits of similar remaining maturities.

Federal Home Loan Bank borrowings: The fair value of FHLB borrowings is based on rates currently available to WesBanco for borrowings with similar terms and remaining maturities.

Other borrowings: The carrying amount of federal funds purchased and overnight sweep accounts generally approximate fair value. Other repurchase agreements are based on quoted market prices if available. If market prices are not available, for certain fixed and adjustable rate repurchase agreements, then quoted market prices of similar instruments are used.

Junior subordinated debt owed to unconsolidated subsidiary trusts: Due to the pooled nature of these instruments, which are not actively traded, estimated fair value is based on recent similar transactions of single issuer trust preferred securities.

Accrued interest payable: The carrying amount of accrued interest payable approximates its fair value.

Off-balance sheet financial instruments: Off-balance sheet financial instruments consist of commitments to extend credit including letters of credit. Fair values for commitments to extend credit are estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present credit standing of the counterparties. The estimated fair value of the commitments to extend credit and letters of credit are insignificant and therefore are not presented in the above table.

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Junior Subordinated Debt Owed to Unconsolidated Subsidiary Trusts

12 Months Ended

Dec. 31, 2014

Text Block [Abstract]

Junior Subordinated Debt Owed to Unconsolidated Subsidiary Trusts

NOTE 10. JUNIOR SUBORDINATED DEBT OWED TO UNCONSOLIDATED SUBSIDIARY TRUSTS

The Trusts, consisting of WesBanco Capital Trust II, WesBanco Capital Statutory Trust III, and WesBanco Capital Trusts IV, V and VI, Oak Hill Capital Trusts 2, 3 and 4, are all wholly-owned trust subsidiaries of WesBanco formed for the purpose of issuing Trust Preferred Securities (“Trust Preferred Securities”) into a pool of other financial services entity trust preferred securities, and lending the proceeds to WesBanco. The Trust Preferred Securities were issued and sold in private placement offerings. The proceeds from the sale of the securities and the issuance of common stock by the Trusts were invested in Junior Subordinated Deferrable Interest Debentures (“Junior Subordinated Debt”) issued by WesBanco, and former Oak Hill Financial, Inc., acquired by WesBanco in 2007, which are the sole assets of the Trusts. The Trusts pay dividends on the Trust Preferred Securities at the same rate as the distributions paid by WesBanco on the Junior Subordinated Debt held by the Trusts. The Trusts provide WesBanco with the option to defer payment of interest on the Junior Subordinated Debt for an aggregate of 20 consecutive quarterly periods. Should any of these options be utilized, WesBanco may not declare or pay dividends on its common stock during any such period. Undertakings made by WesBanco with respect to the Trust Preferred Securities for the Trusts constitute a full and unconditional guarantee by WesBanco of the obligations of these Trust Preferred Securities. WesBanco organized Trusts II and III in June 2003, Trusts IV and V in June 2004 and Trust VI in March 2005. The Oak Hill Trusts 2 and 3 were organized in 2004 and Trust 4 was organized in 2005.

The Junior Subordinated Debt is presented as a separate category of long-term debt on the Consolidated Balance Sheets. For regulatory purposes, the Federal Reserve Board has allowed bank holding companies to include trust preferred securities in Tier 1 capital up to a certain limit. Provisions in the Dodd-Frank Act require the Federal Reserve Board to generally exclude trust preferred securities from Tier 1 capital, but a grandfather provision will permit bank holding companies with consolidated assets of less than $15 billion, such as WesBanco, to continue counting existing trust preferred securities as Tier 1 capital until they mature. All of the Trust Preferred Securities qualified under the current rules as Tier 1 instruments at December 31, 2014, but no such securities issued in the future will count as Tier 1 capital. The Trust Preferred Securities provide the issuer with a unique capital instrument that has a tax deductible interest feature not normally associated with the equity of a corporation.

The following table shows WesBanco’s trust subsidiaries with outstanding Trust Preferred Securities as of December 31, 2014:

(in thousands)	Trust Preferred Securities		Common Securities		Junior Subordinated Debt		Stated Maturity Date		Optional Redemption Date
WesBanco Capital Trust II (1)	$	13,000	$	410	$	13,410		6/30/2033		6/30/2008
WesBanco Capital Statutory Trust III (2)		17,000		526		17,526		6/26/2033		6/26/2008
WesBanco Capital Trust IV (3)		20,000		619		20,619		6/17/2034		6/17/2009
WesBanco Capital Trust V (3)		20,000		619		20,619		6/17/2034		6/17/2009
WesBanco Capital Trust VI (4)		15,000		464		15,464		3/17/2035		3/17/2010
Oak Hill Capital Trust 2 (5)		5,000		155		5,155		10/18/2034		10/18/2009
Oak Hill Capital Trust 3 (6)		8,000		248		8,248		10/18/2034		10/18/2009
Oak Hill Capital Trust 4 (7)		4,980		155		5,135		6/30/2035		6/30/2015
Total	$	102,980	$	3,196	$	106,176

(1) Variable rate based on the three-month LIBOR plus 3.15% with a current rate of 3.41% through March 30, 2015, adjustable quarterly.

(2) Variable rate based on the three-month LIBOR plus 3.10% with a current rate of 3.35% through March 26, 2015, adjustable quarterly.

(3) Variable rate based on the three-month LIBOR plus 2.65% with a current rate of 2.89% through March 17, 2015, adjustable quarterly.

(4) Variable rate based on the three-month LIBOR plus 1.77% with a current rate of 2.01% through March 17, 2015, adjustable quarterly.

(5) Variable rate based on the three-month LIBOR plus 2.40% with a current rate of 2.63% through January 18, 2015, adjustable quarterly.

(6) Variable rate based on the three-month LIBOR plus 2.30% with a current rate of 2.53% through January 18, 2015, adjustable quarterly.

(7) Fixed rate of 5.96% through June 30, 2015 and three-month LIBOR plus 1.60% thereafter, adjustable quarterly.

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FHLB and Other Short-Term Borrowings - Additional Information (Detail) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Federal Home Loan Bank Advances By Branch Of FHLB Bank And Other Borrowings [Line Items]
Borrowings	$ 223,100,000	$ 39,500,000
Weighted-average rate, Total	0.91%	3.81%
Short-term borrowings	150,900,000
FHLB stock owned by WesBanco pledged as collateral on these advances	11,600,000	11,600,000
Remaining maximum borrowing capacity	1,500,000,000	1,600,000,000
Other short term borrowings	80,690,000	150,536,000
Securities sold under agreements to repurchase	80,700,000	130,500,000
Securities sold under agreements to repurchase, weighted average interest rate	1.36%	1.87%
Federal funds purchased	0	20,000,000
Federal funds purchased, Interest rate		0.70%
Outstanding balance	0	0
Revolving Credit Facility [Member]
Federal Home Loan Bank Advances By Branch Of FHLB Bank And Other Borrowings [Line Items]
Revolving line of credit accrued interest at LIBOR rate, provides for aggregate outstanding borrowings	$ 25,000,000
Maturity date of revolving credit facility	Sep. 04, 2015

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Goodwill And Other Intangible Assets

12 Months Ended

Dec. 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill And Other Intangible Assets

NOTE 6. GOODWILL AND OTHER INTANGIBLE ASSETS

WesBanco’s Consolidated Balance Sheets include goodwill of $312.1 million at December 31, 2014 and 2013, respectively. WesBanco’s other intangible assets of $7.4 million and $9.3 million at December 31, 2014 and 2013, respectively, primarily consist of core deposit and other customer list intangibles which have finite lives and are amortized using straight line and accelerated methods. Other intangible assets are being amortized over estimated useful lives ranging from ten to sixteen years. Amortization of other intangible assets totaled $1.9 million, $2.3 million and $2.2 million for the years ended December 31, 2014, 2013 and 2012, respectively. WesBanco completed its annual goodwill impairment evaluation as of November 30, 2014 and determined that goodwill was not impaired as of December 31, 2014 as there were no significant changes in market conditions, consolidated operating results, or forecasted future results from November 30, 2014, the date of the most recent goodwill impairment evaluation. Additionally, there were no events or changes in circumstances indicating impairment of intangible assets as of December 31, 2014.

The following table shows WesBanco’s capitalized other intangible assets and related accumulated amortization:

	December 31,
(in thousands)	2014			2013
Other intangible assets:
Gross carrying amount	$	38,048		$	38,048
Accumulated amortization		(30,640	)		(28,720	)
Net carrying amount of other intangible assets	$	7,408		$	9,328

The following table shows the amortization on WesBanco’s other intangible assets for each of the next five years (in thousands):

Year	Amount
2015	$	1,634
2016		1,401
2017		1,179
2018		965
2019		767

XML

Securities - Schedule of Unrealized Losses on Investment Securities (Detail) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2014 Security	Dec. 31, 2013 Security
Obligations of Government Agencies [Member]
Schedule Of Available For Sale Securities And Held To Maturity [Line Items]
Less than 12 months, Fair Value	$ 19,362	$ 54,356
Less than 12 months, Unrealized Losses	(77)	(1,911)
Less than 12 months, Number of Securities	5	15
12 months or more, Fair Value	19,757	5,083
12 months or more, Unrealized Losses	(238)	(27)
12 months or more, Number of Securities	4	2
Fair Value, Total	39,119	59,439
Unrealized Losses, Total	(315)	(1,938)
Number of Securities Total	9	17
Residential Mortgage-Backed Securities and Collateralized Mortgage Obligations of Government Agencies [Member]
Schedule Of Available For Sale Securities And Held To Maturity [Line Items]
Less than 12 months, Fair Value	78,786	513,495
Less than 12 months, Unrealized Losses	(386)	(14,639)
Less than 12 months, Number of Securities	19	89
12 months or more, Fair Value	240,055	37,002
12 months or more, Unrealized Losses	(6,618)	(2,308)
12 months or more, Number of Securities	43	11
Fair Value, Total	318,841	550,497
Unrealized Losses, Total	(7,004)	(16,947)
Number of Securities Total	62	100
Obligations of State and Political Subdivisions [Member]
Schedule Of Available For Sale Securities And Held To Maturity [Line Items]
Less than 12 months, Fair Value	12,615	181,667
Less than 12 months, Unrealized Losses	(96)	(10,830)
Less than 12 months, Number of Securities	15	277
12 months or more, Fair Value	61,548	47,793
12 months or more, Unrealized Losses	(952)	(3,431)
12 months or more, Number of Securities	93	76
Fair Value, Total	74,163	229,460
Unrealized Losses, Total	(1,048)	(14,261)
Number of Securities Total	108	353
Corporate Debt Securities [Member]
Schedule Of Available For Sale Securities And Held To Maturity [Line Items]
Less than 12 months, Fair Value	2,969	19,837
Less than 12 months, Unrealized Losses	(31)	(560)
Less than 12 months, Number of Securities	1	7
12 months or more, Fair Value	4,573	2,845
12 months or more, Unrealized Losses	(137)	(155)
12 months or more, Number of Securities	2	1
Fair Value, Total	7,542	22,682
Unrealized Losses, Total	(168)	(715)
Number of Securities Total	3	8
Total Temporarily Impaired Securities [Member]
Schedule Of Available For Sale Securities And Held To Maturity [Line Items]
Less than 12 months, Fair Value	113,732	769,355
Less than 12 months, Unrealized Losses	(590)	(27,940)
Less than 12 months, Number of Securities	40	388
12 months or more, Fair Value	325,933	92,723
12 months or more, Unrealized Losses	(7,945)	(5,921)
12 months or more, Number of Securities	142	90
Fair Value, Total	439,665	862,078
Unrealized Losses, Total	$ (8,535)	$ (33,861)
Number of Securities Total	182	478

XML

Comprehensive Income/(Loss) - Components of Accumulated Other Comprehensive Income/(Loss) (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Statement of Comprehensive Income [Abstract]
Percentage of Federal and State income tax rate	37.00%	37.00%	37.00%

XML

Loans and the Allowance for Credit Losses

12 Months Ended

Dec. 31, 2014

Receivables [Abstract]

Loans and the Allowance for Credit Losses

NOTE 4. LOANS AND THE ALLOWANCE FOR CREDIT LOSSES

The recorded investment in loans is presented in the Consolidated Balance Sheets net of deferred loan fees and costs of $2.4 million and $2.7 million at December 31, 2014 and 2013, respectively.

	December 31,		December 31,
(in thousands)	2014		2013
Commercial real estate:
Land and construction	$	262,643	$	263,117
Improved property		1,682,817		1,649,802
Total commercial real estate		1,945,460		1,912,919
Commercial and industrial		638,410		556,249
Residential real estate		928,770		890,804
Home equity		330,031		284,687
Consumer		244,095		250,258
Total portfolio loans		4,086,766		3,894,917
Loans held for sale		5,865		5,855
Total loans	$	4,092,631	$	3,900,772

The following tables summarize changes in the allowance for credit losses applicable to each category of the loan portfolio:

	For the Year Ended December 31,
	2014
(in thousands)	Commercial Real Estate- Land and Construction			Commercial Real Estate- Improved Property			Commercial & Industrial			Residential Real Estate			Home Equity			Consumer			Deposit Overdraft			Total
Balance at beginning of year:
Allowance for loan losses	$	6,056		$	18,157		$	9,925		$	5,673		$	2,017		$	5,020		$	520		$	47,368
Allowance for loan commitments		301			62			130			5			85			19			—			602
Total beginning allowance for credit losses		6,357			18,219			10,055			5,678			2,102			5,039			520			47,970
Provision for credit losses:
Provision for loan losses		(402	)		1,239			1,429			1,692			849			1,144			601			6,552
Provision for loan commitments		(107	)		(52	)		(18	)		4			5			21			—			(147	)
Total provision for credit losses		(509	)		1,187			1,411			1,696			854			1,165			601			6,405
Charge-offs		—			(2,426	)		(3,485	)		(2,437	)		(652	)		(3,120	)		(779	)		(12,899	)
Recoveries		—			603			1,194			454			115			1,034			233			3,633
Net charge-offs		—			(1,823	)		(2,291	)		(1,983	)		(537	)		(2,086	)		(546	)		(9,266	)
Balance at end of period:
Allowance for loan losses		5,654			17,573			9,063			5,382			2,329			4,078			575			44,654
Allowance for loan commitments		194			10			112			9			90			40			—			455
Total ending allowance for credit losses	$	5,848		$	17,583		$	9,175		$	5,391		$	2,419		$	4,118		$	575		$	45,109

	For the Year Ended December 31,
	2013
(in thousands)	Commercial Real Estate- Land and Construction			Commercial Real Estate- Improved Property			Commercial & Industrial			Residential Real Estate			Home Equity			Consumer			Deposit Overdraft			Total
Balance at beginning of year:
Allowance for loan losses	$	3,741		$	23,614		$	9,326		$	7,182		$	2,458		$	5,557		$	821		$	52,699
Allowance for loan commitments		27			25			215			6			49			19			—			341
Total beginning allowance for credit losses		3,768			23,639			9,541			7,188			2,507			5,576			821			53,040
Provision for credit losses:
Provision for loan losses		2,726			843			1,633			1,169			(8	)		2,138			324			8,825
Provision for loan commitments		274			37			(85	)		(1	)		36			—			—			261
Total provision for credit losses		3,000			880			1,548			1,168			28			2,138			324			9,086
Charge-offs		(536	)		(6,915	)		(1,505	)		(3,079	)		(549	)		(3,819	)		(880	)		(17,283	)
Recoveries		125			615			471			401			116			1,144			255			3,127
Net charge-offs		(411	)		(6,300	)		(1,034	)		(2,678	)		(433	)		(2,675	)		(625	)		(14,156	)
Balance at end of period:
Allowance for loan losses		6,056			18,157			9,925			5,673			2,017			5,020			520			47,368
Allowance for loan commitments		301			62			130			5			85			19			—			602
Total ending allowance for credit losses	$	6,357		$	18,219		$	10,055		$	5,678		$	2,102		$	5,039		$	520		$	47,970

	For the Year Ended December 31,
	2012
(in thousands)	Commercial Real Estate- Land and Construction			Commercial Real Estate- Improved Property			Commercial & Industrial			Residential Real Estate			Home Equity			Consumer			Deposit Overdraft			Total
Balance at beginning of year:
Allowance for loan losses	$	4,842		$	24,748		$	11,414		$	5,638		$	1,962		$	5,410		$	796		$	54,810
Allowance for loan commitments		74			21			323			4			33			13			—			468
Total beginning allowance for credit losses		4,916			24,769			11,737			5,642			1,995			5,423			796			55,278
Provision for credit losses:
Provision for loan losses		2,171			5,452			2,147			5,039			1,610			2,963			619			20,001
Provision for loan commitments		(47	)		4			(108	)		2			16			6			—			(127	)
Total provision for credit losses		2,124			5,456			2,039			5,041			1,626			2,969			619			19,874
Charge-offs		(3,879	)		(7,693	)		(4,625	)		(3,902	)		(1,144	)		(3,851	)		(871	)		(25,965	)
Recoveries		607			1,107			390			407			30			1,035			277			3,853
Net charge-offs		(3,272	)		(6,586	)		(4,235	)		(3,495	)		(1,114	)		(2,816	)		(594	)		(22,112	)
Balance at end of period:
Allowance for loan losses		3,741			23,614			9,326			7,182			2,458			5,557			821			52,699
Allowance for loan commitments		27			25			215			6			49			19			—			341
Total ending allowance for credit losses	$	3,768		$	23,639		$	9,541		$	7,188		$	2,507		$	5,576		$	821		$	53,040

The following tables present the allowance for credit losses and recorded investments in loans by category:

	Allowance for Credit Losses and Recorded Investment in Loans
	Commercial		Commercial
	Real Estate-		Real Estate-		Commercial		Residential
	Land and		Improved		and		Real		Home				Over-
(in thousands)	Construction		Property		Industrial		Estate		Equity		Consumer		draft		Total
December 31, 2014
Allowance for credit losses:
Allowance for loans individually evaluated for impairment	$	—	$	2,765	$	1,033	$	—	$	—	$	—	$	—	$	3,798
Allowance for loans collectively evaluated for impairment		5,654		14,808		8,030		5,382		2,329		4,078		575		40,856
Allowance for loan commitments		194		10		112		9		90		40		—		455
Total allowance for credit losses	$	5,848	$	17,583	$	9,175	$	5,391	$	2,419	$	4,118	$	575	$	45,109
Portfolio loans:
Individually evaluated for impairment (1)	$	—	$	11,469	$	2,844	$	—	$	—	$	—	$	—	$	14,313
Collectively evaluated for impairment		262,643		1,671,348		635,566		928,770		330,031		244,095		—		4,072,453
Total portfolio loans	$	262,643	$	1,682,817	$	638,410	$	928,770	$	330,031	$	244,095	$	—	$	4,086,766
December 31, 2013
Allowance for credit losses:
Allowance for loans individually evaluated for impairment	$	—	$	51	$	681	$	—	$	—	$	—	$	—	$	732
Allowance for loans collectively evaluated for impairment		6,056		18,106		9,244		5,673		2,017		5,020		520		46,636
Allowance for loan commitments		301		62		130		5		85		19		—		602
Total allowance for credit losses	$	6,357	$	18,219	$	10,055	$	5,678	$	2,102	$	5,039	$	520	$	47,970
Portfolio loans:
Individually evaluated for impairment (1)	$	—	$	4,321	$	1,754	$	—	$	—	$	—	$	—	$	6,075
Collectively evaluated for impairment		263,117		1,645,481		554,495		890,804		284,687		250,258		—		3,888,842
Total portfolio loans	$	263,117	$	1,649,802	$	556,249	$	890,804	$	284,687	$	250,258	$	—	$	3,894,917

(1) Commercial loans greater than $1 million that are reported as non-accrual or as a TDR are individually evaluated for impairment.

WesBanco maintains an internal loan grading system to reflect the credit quality of commercial loans. Commercial loan risk grades are determined based on an evaluation of the relevant characteristics of each loan, assigned at the inception of each loan and adjusted thereafter at any time to reflect changes in the risk profile throughout the life of each loan. The primary factors used to determine the risk grade are the reliability and sustainability of the primary source of repayment and overall financial strength of the borrower. This includes an analysis of cash flow available to repay debt, profitability, liquidity, leverage, and overall financial trends. Other factors include management, industry or property type risks, an assessment of secondary sources of repayment such as collateral or guarantees, other terms and conditions of the loan that may increase or reduce its risk, and economic conditions and other external factors that may influence repayment capacity and financial condition.

Commercial real estate—land and construction consists of loans to finance investments in vacant land, land development, construction of residential housing, and construction of commercial buildings. Commercial real estate—improved property consists of loans for the purchase or refinance of all types of improved owner-occupied and investment properties. Factors that are considered in assigning the risk grade vary depending on the type of property financed. The risk grade assigned to construction and development loans is based on the overall viability of the project, the experience and financial capacity of the developer or builder to successfully complete the project, project specific and market absorption rates and comparable property values, and the amount of pre-sales for residential housing construction or pre-leases for commercial investment property. The risk grade assigned to commercial investment property loans is based primarily on the adequacy of net rental income generated by the property to service the debt, the type, quality, industry and mix of tenants, and the terms of leases, but also considers the overall financial capacity of the investors and their experience in owning and managing investment property. The risk grade assigned to owner-occupied commercial real estate and commercial and industrial loans is based primarily on historical and projected earnings, the adequacy of operating cash flow to service all of the business’ debt, and the capital resources, liquidity and leverage of the business, but also considers the industry in which the business operates, the business’ specific competitive advantages or disadvantages, the quality and experience of management, and external influences on the business such as economic conditions. Other factors that are considered for commercial and industrial loans include the type, quality and marketability of non-real estate collateral and whether the structure of the loan increases or reduces its risk. The type, age, condition, location and any environmental risks associated with a property are also considered for all types of commercial real estate. The overall financial condition and repayment capacity of any guarantors is also evaluated to determine the extent to which they mitigate other risks of the loan. The following descriptions of risk grades apply to commercial real estate and commercial and industrial loans:

Pass loans are those that exhibit a history of positive financial results that are at least comparable to the average for their industry or type of real estate. The primary source of repayment is acceptable and these loans are expected to perform satisfactorily during most economic cycles. Pass loans typically have no significant external factors that are expected to adversely affect these borrowers more than others in the same industry or property type. Any minor unfavorable characteristics of these loans are outweighed or mitigated by other positive factors including but not limited to adequate secondary or tertiary sources of repayment.

Criticized or compromised loans are currently protected but have weaknesses, which, if not corrected, may inadequately protect WesBanco Bank, Inc. (the “Bank”) at some future date. These loans represent an unwarranted credit risk and would generally not be extended in the normal course of lending. Specific issues which may warrant this grade include declining financial results, increased reliance on secondary sources of repayment or guarantor support and adverse external influences that may negatively impact the business or property.

Substandard and doubtful loans are equivalent to the classifications used by banking regulators. Substandard loans are inadequately protected by the current repayment capacity and equity of the borrower or collateral pledged, if any. Substandard loans have one or more well-defined weaknesses that jeopardize their repayment or collection in full. These loans may or may not be reported as non-accrual. Doubtful loans have all the weaknesses inherent to a substandard loan with the added characteristic that full repayment is highly questionable or improbable on the basis of currently existing facts, conditions and collateral values. However, recognition of loss may be deferred if there are reasonably specific pending factors that will reduce the risk if they occur.

The following tables summarize commercial loans by their assigned risk grade:

	Commercial Loans by Internally Assigned Risk Grade
(in thousands)	Commercial Real Estate- Land and Construction		Commercial Real Estate- Improved Property		Commercial & Industrial		Total Commercial Loans
As of December 31, 2014
Pass	$	257,218	$	1,627,771	$	617,742	$	2,502,731
Criticized—compromised		3,645		17,873		12,770		34,288
Classified—substandard		1,780		37,173		7,898		46,851
Classified—doubtful		—		—		—		—
Total	$	262,643	$	1,682,817	$	638,410	$	2,583,870
As of December 31, 2013
Pass	$	253,231	$	1,548,780	$	531,573	$	2,333,584
Criticized—compromised		6,498		57,983		10,768		75,249
Classified—substandard		3,388		43,039		13,908		60,335
Classified—doubtful		—		—		—		—
Total	$	263,117	$	1,649,802	$	556,249	$	2,469,168

Residential real estate, home equity and consumer loans are not assigned internal risk grades other than as required by regulatory guidelines that are based primarily on the age of past due loans. WesBanco primarily evaluates the credit quality of residential real estate, home equity and consumer loans based on repayment performance and historical loss rates. The aggregate amount of residential real estate, home equity and consumer loans classified as substandard in accordance with regulatory guidelines were $15.2 million at December 31, 2014 and $14.4 million at December 31, 2013, of which $2.2 and $2.0 million were accruing, for each period, respectively. The aggregate amount of residential real estate, home equity and consumer loans classified as substandard are not included in the tables above.

The following tables summarize the age analysis of all categories of loans.

	Age Analysis of Loans
(in thousands)	Current		30-59 Days Past Due		60-89 Days Past Due		90 Days or More Past Due		Total Past Due		Total Loans		90 Days or More Past Due and Accruing (1)
As of December 31, 2014
Commercial real estate:
Land and construction	$	261,356	$	20	$	—	$	1,267	$	1,287	$	262,643	$	71
Improved property		1,665,363		961		4,772		11,721		17,454		1,682,817		—
Total commercial real estate		1,926,719		981		4,772		12,988		18,741		1,945,460		71
Commercial and industrial		634,482		1,834		240		1,854		3,928		638,410		22
Residential real estate		915,968		1,237		3,384		8,181		12,802		928,770		1,306
Home equity		325,291		1,877		895		1,968		4,740		330,031		570
Consumer		240,365		2,571		685		474		3,730		244,095		319
Total portfolio loans		4,042,825		8,500		9,976		25,465		43,941		4,086,766		2,288
Loans held for sale		5,865		—		—		—		—		5,865		—
Total loans	$	4,048,690	$	8,500	$	9,976	$	25,465	$	43,941	$	4,092,631	$	2,288
Impaired loans included above are as follows:
Non-accrual loans	$	7,562	$	2,884	$	5,552	$	22,820	$	31,256	$	38,818
TDRs accruing interest (1)		11,016		151		542		357		1,050		12,066
Total impaired	$	18,578	$	3,035	$	6,094	$	23,177	$	32,306	$	50,884
As of December 31, 2013
Commercial real estate:
Land and construction	$	261,165	$	2	$	—	$	1,950	$	1,952	$	263,117	$	248
Improved property		1,632,973		2,482		2,346		12,001		16,829		1,649,802		318
Total commercial real estate		1,894,138		2,484		2,346		13,951		18,781		1,912,919		566
Commercial and industrial		552,414		1,112		977		1,746		3,835		556,249		—
Residential real estate		875,192		1,641		4,710		9,261		15,612		890,804		1,289
Home equity		281,004		1,581		470		1,632		3,683		284,687		411
Consumer		245,876		3,223		649		510		4,382		250,258		325
Total portfolio loans		3,848,624		10,041		9,152		27,100		46,293		3,894,917		2,591
Loans held for sale		5,855		—		—		—		—		5,855		—
Total loans	$	3,854,479	$	10,041	$	9,152	$	27,100	$	46,293	$	3,900,772	$	2,591
Impaired loans included above are as follows:
Non-accrual loans	$	9,028	$	588	$	2,722	$	24,295	$	27,605	$	36,633
TDRs accruing interest (1)		13,595		171		881		214		1,266		14,861
Total impaired	$	22,623	$	759	$	3,603	$	24,509	$	28,871	$	51,494

(1) Loans 90 days or more past due and accruing interest exclude TDRs 90 days or more past due and accruing interest.

Impaired Loans—A loan is considered impaired, based on current information and events, if it is probable that WesBanco will be unable to collect the payments of principal and interest when due according to the contractual terms of the loan agreement. Impaired loans generally included all non-accrual loans and TDRs.

Loans are generally placed on non-accrual when they are 90 days past due unless the loan is well-secured and in the process of collection. Loans may also be placed on non-accrual when full collection of principal is in doubt even if payments on such loans remain current, or may remain on non-accrual if they were past due but subsequently brought current.

Loans are categorized as TDRs when the Bank, for economic or legal reasons related to a borrower’s financial difficulties, grants a concession to the borrower that it would not otherwise consider.

The following tables summarize impaired loans:

	Impaired Loans
	December 31, 2014						December 31, 2013
(in thousands)	Unpaid Principal Balance (1)		Recorded Investment		Related Allowance		Unpaid Principal Balance (1)		Recorded Investment		Related Allowance
With no related specific allowance recorded:
Commercial real estate:
Land and construction	$	1,588	$	1,488	$	—	$	2,663	$	2,564	$	—
Improved property		16,480		14,684		—		21,421		19,628		—
Commercial and industrial		3,152		2,597		—		3,773		3,249		—
Residential real estate		20,077		18,544		—		22,006		20,090		—
Home equity		2,890		2,663		—		2,675		2,506		—
Consumer		1,287		1,086		—		1,402		1,182		—
Total impaired loans without a specific allowance		45,474		41,062		—		53,940		49,219		—
With a specific allowance recorded:
Commercial real estate:
Land and construction		—		—		—		—		—		—
Improved property		7,980		7,980		2,765		729		729		51
Commercial and industrial		1,842		1,842		1,033		1,546		1,546		681
Total impaired loans with a specific allowance		9,822		9,822		3,798		2,275		2,275		732
Total impaired loans	$	55,296	$	50,884	$	3,798	$	56,215	$	51,494	$	732

(1) The difference between the unpaid principal balance and the recorded investment generally reflects amounts that have been previously charged-off.

	Impaired Loans
	For the Year Ended December 31, 2014				For the Year Ended December 31, 2013				For the Year Ended December 31, 2012
(in thousands)	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
With no related specific allowance recorded:
Commercial real estate:
Land and construction	$	1,977	$	35	$	4,552	$	87	$	9,054	$	157
Improved property		17,669		441		22,702		610		28,493		632
Commercial and industrial		3,561		103		3,757		112		6,408		123
Residential real estate		18,829		855		19,915		803		15,724		639
Home equity		2,356		75		2,262		68		1,324		64
Consumer		1,122		97		1,377		89		480		95
Total impaired loans without a specific allowance		45,514		1,606		54,565		1,769		61,483		1,710
With a specific allowance recorded:
Commercial real estate:
Land and construction		—		—		1,234		—		2,888		54
Improved property		2,795		348		2,746		22		7,388		196
Commercial and industrial		2,075		95		309		89		—		—
Total impaired loans with a specific allowance		4,870		443		4,289		111		10,276		250
Total impaired loans	$	50,384	$	2,049	$	58,854	$	1,880	$	71,759	$	1,960

The following tables present the recorded investment in non-accrual loans and TDRs:

	Non-accrual Loans (1)
(in thousands)	December 31, 2014		December 31, 2013
Commercial real estate:
Land and construction	$	1,488	$	2,564
Improved property		20,227		17,305
Total commercial real estate		21,715		19,869
Commercial and industrial		4,110		4,380
Residential real estate		10,329		10,240
Home equity		1,923		1,604
Consumer		741		540
Total	$	38,818	$	36,633

(1) Total non-accrual loans include loans that are also restructured. Such loans are also set forth in the following table as non-accrual TDRs.

	TDRs
	December 31, 2014						December 31, 2013
(in thousands)	Accruing		Non-Accrual		Total		Accruing		Non-Accrual		Total
Commercial real estate:
Land and construction	$	—	$	464	$	464	$	—	$	1,601	$	1,601
Improved property		2,437		1,850		4,287		3,052		3,658		6,710
Total commercial real estate		2,437		2,314		4,751		3,052		5,259		8,311
Commercial and industrial		329		478		807		415		579		994
Residential real estate		8,215		2,074		10,289		9,850		2,991		12,841
Home equity		740		245		985		902		289		1,191
Consumer		345		309		654		642		206		848
Total	$	12,066	$	5,420	$	17,486	$	14,861	$	9,324	$	24,185

As of December 31, 2014, there were no TDRs greater than $1.0 million. The concessions granted in the majority of loans reported as accruing and non-accrual TDRs are extensions of the maturity date or the amortization period, reductions in the interest rate below the prevailing market rate for loans with comparable characteristics, and/or permitting interest-only payments for longer than three months.

The following table presents details related to loans identified as TDRs during the years ended December 31, 2014 and 2013:

	New TDRs (1) For the Year Ended December 31, 2014						New TDRs (1) For the Year Ended December 31, 2013
(dollars in thousands)	Number of Modifications		Pre- Modification Outstanding Recorded  Investment		Post- Modification Outstanding Recorded Investment		Number of Modifications		Pre- Modification Outstanding Recorded  Investment		Post- Modification Outstanding Recorded Investment
Commercial real estate:
Land and construction		—	$	—	$	—		2	$	366	$	353
Improved property		9		1,638		1,437		10		769		564
Total commercial real estate		9		1,638		1,437		12		1,135		917
Commercial and industrial		3		231		163		8		173		162
Residential real estate		8		424		400		30		2,688		2,557
Home equity		—		—		—		5		122		92
Consumer		11		199		167		13		144		101
Total		31	$	2,492	$	2,167		68	$	4,262	$	3,829

(1) Excludes loans that were either paid off or charged-off by period end. The pre-modification balance represents the balance outstanding at the beginning of the period. The post-modification balance represents the outstanding balance at period end.

The following table summarizes TDRs which defaulted (defined as past due 90 days) during the years ended December 31, 2014 and 2013 that were restructured within the last twelve months prior to December 31, 2014 and 2013:

	Defaulted TDRs (1) For the Year Ended December 31, 2014				Defaulted TDRs (1) For the Year Ended December 31, 2013
(dollars in thousands)	Number of Defaults		Recorded Investment		Number of Defaults		Recorded Investment
Commercial real estate:
Land and construction		—	$	—		—	$	—
Improved property		—		—		—		—
Total commercial real estate		—		—		—		—
Commercial and industrial		—		—		1		14
Residential real estate		—		—		12		1,043
Home equity		—		—		2		51
Consumer		1		26		—		—
Total		1	$	26		15	$	1,108

(1) Excludes loans that were either charged-off or cured by period end. The recorded investment is as of December 31, 2014 and 2013.

TDRs that defaulted during the twelve month period that were restructured during the twelve months ended December 31, 2014 represented 0.2% of the total TDR balance at December 31, 2014. These loans are placed on non-accrual status unless they are both well-secured and in the process of collection. At December 31, 2014, the loan in the table above was not accruing interest.

The following table summarizes the recognition of interest income on impaired loans:

	For the years ended December 31,
(in thousands)	2014		2013		2012
Average impaired loans	$	50,384	$	58,854	$	71,759
Amount of contractual interest income on impaired loans		3,260		3,225		3,463
Amount of interest income recognized on impaired loans		2,049		1,880		1,960

The following table summarizes other real estate owned and repossessed assets included in other assets:

	December 31,
(in thousands)	2014		2013
Other real estate owned	$	4,920	$	4,689
Repossessed assets		162		171
Total other real estate owned and repossessed assets	$	5,082	$	4,860

Residential real estate included in other real estate owned at December 31, 2014 and December 31, 2013 was $0.6 million and $0.4 million, respectively. At December 31, 2014, formal foreclosure proceedings were in process on residential real estate loans totaling $5.6 million.

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Premises And Equipment

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

Premises And Equipment

NOTE 5. PREMISES AND EQUIPMENT

Premises and equipment include:

	December 31,
(in thousands)	2014			2013
Land and improvements	$	28,158		$	26,666
Buildings and improvements		105,436			102,980
Furniture and equipment		66,149			83,023
Total cost		199,743			212,669
Accumulated depreciation and amortization		(106,608	)		(119,512	)
Total premises and equipment, net	$	93,135		$	93,157

Depreciation and amortization expense of premises and equipment charged to operations for the years ended December 31, 2014, 2013 and 2012 was $7.4 million, $7.0 million and $6.1 million, respectively.

WesBanco leases certain premises and equipment under non-cancellable operating leases. Certain leases contain renewal options and rent escalation clauses calling for rent increases over the term of the lease. All leases which contain a rent escalation clause are accounted for on a straight-line basis. Rent expense under leases was $2.7 million, $2.7 million and $2.5 million for the years ended December 31, 2014, 2013 and 2012, respectively.

Future minimum lease payments under non-cancellable leases with initial or remaining lease terms in excess of one year at December 31, 2014 are as follows (in thousands):

Year	Amount
2015	$	2,557
2016		1,997
2017		1,718
2018		1,373
2019		1,089
2020 and thereafter		11,238
Total	$	19,972

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Investments in Limited Partnerships

12 Months Ended

Dec. 31, 2014

Equity Method Investments and Joint Ventures [Abstract]

Investments in Limited Partnerships

NOTE 7. INVESTMENTS IN LIMITED PARTNERSHIPS

WesBanco is a limited partner in several tax-advantaged limited partnerships whose purpose is to invest in approved low-income housing investment tax credit projects. These investments are accounted for using the equity method of accounting and are included in other assets in the Consolidated Balance Sheets. The limited partnerships are considered to be VIEs as they generally do not have equity investors with voting rights or have equity investors that do not provide sufficient financial resources to support their activities. The VIEs have not been consolidated because WesBanco is not considered the primary beneficiary. All of WesBanco’s investments in limited partnerships are privately held, and their market values are not readily available. Investments in low-income housing partnerships are evaluated for impairment at the end of each reporting period. At December 31, 2014 and 2013, WesBanco had $1.7 million and $2.6 million, respectively, invested in these partnerships. WesBanco also recognizes the unconditional unfunded equity commitments of $0.6 million and $1.1 million at December 31, 2014 and 2013, respectively, in other liabilities. For the years ended December 31, 2014, 2013 and 2012, WesBanco included in operations under the equity method of accounting its share of the partnerships’ losses and impairment of $0.9 million, $1.2 million, and $1.5 million, respectively. Tax benefits attributed to these partnerships include low-income housing and historic tax credits which totaled $0.7 million, $0.8 million and $0.9 million for the years ended December 31, 2014, 2013 and 2012, respectively.

WesBanco is also a limited partner in six other limited partnerships which provide seed money and capital to startup companies, and financing to low-income housing projects. At December 31, 2014 and 2013, WesBanco had $4.4 million and $4.6 million, respectively, invested in these partnerships, which are recorded in other assets using the equity method. WesBanco included in operations under the equity method of accounting its share of the partnerships’ net gains of $305 thousand, $31 thousand and $5 thousand for the years ended December 31, 2014, 2013 and 2012, respectively.

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Loans and the Allowance for Credit Losses - Allowance for Credit Losses and Recorded Investments in Loans (Detail) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loans individually evaluated for impairment	$ 3,798	$ 732
Allowance for loans collectively evaluated for impairment	40,856	46,636
Allowance for loan commitments	455	602	341	468
Total allowance for credit losses	45,109	47,970	53,040	55,278
Individually evaluated for impairment	14,313	6,075
Collectively evaluated for impairment	4,072,453	3,888,842
Total Loans	4,086,766	3,894,917
Commercial Real Estate - Land and Construction [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loans collectively evaluated for impairment	5,654	6,056
Allowance for loan commitments	194	301	27	74
Total allowance for credit losses	5,848	6,357	3,768	4,916
Collectively evaluated for impairment	262,643	263,117
Total Loans	262,643	263,117
Commercial Real Estate - Improved Property [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loans individually evaluated for impairment	2,765	51
Allowance for loans collectively evaluated for impairment	14,808	18,106
Allowance for loan commitments	10	62	25	21
Total allowance for credit losses	17,583	18,219	23,639	24,769
Individually evaluated for impairment	11,469	4,321
Collectively evaluated for impairment	1,671,348	1,645,481
Total Loans	1,682,817	1,649,802
Commercial and Industrial [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loans individually evaluated for impairment	1,033	681
Allowance for loans collectively evaluated for impairment	8,030	9,244
Allowance for loan commitments	112	130	215	323
Total allowance for credit losses	9,175	10,055	9,541	11,737
Individually evaluated for impairment	2,844	1,754
Collectively evaluated for impairment	635,566	554,495
Total Loans	638,410	556,249
Residential Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loans collectively evaluated for impairment	5,382	5,673
Allowance for loan commitments	9	5	6	4
Total allowance for credit losses	5,391	5,678	7,188	5,642
Collectively evaluated for impairment	928,770	890,804
Total Loans	928,770	890,804
Home Equity [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loans collectively evaluated for impairment	2,329	2,017
Allowance for loan commitments	90	85	49	33
Total allowance for credit losses	2,419	2,102	2,507	1,995
Collectively evaluated for impairment	330,031	284,687
Total Loans	330,031	284,687
Consumer [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loans collectively evaluated for impairment	4,078	5,020
Allowance for loan commitments	40	19	19	13
Total allowance for credit losses	4,118	5,039	5,576	5,423
Collectively evaluated for impairment	244,095	250,258
Total Loans	244,095	250,258
Deposit Overdraft [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loans collectively evaluated for impairment	575	520
Total allowance for credit losses	$ 575	$ 520	$ 821	$ 796

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Transactions with Related Parties - Additional Information (Detail) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Related Party Transactions [Abstract]
Aggregate indebtedness of related parties	$ 4,400,000	$ 4,700,000	$ 4,500,000
Related party loans funded	1,600,000
Related party loans repaid	1,900,000
Due date for related party loans	90 days
Delinquent related party loans outstanding	$ 0	$ 0	$ 0

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Junior Subordinated Debt Owed to Unconsolidated Subsidiary Trusts - Additional Information (Detail) (USD $) In Billions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014
Debt Disclosure [Abstract]
Description of deferment period for payment of interest on junior subordinated debt under trust	20 consecutive quarterly periods
Minimum assets to continue counting existing trust preferred securities	$ 15

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Loans and the Allowance for Credit Losses - Summary of Commercial Loans by Risk Grade (Detail) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Summary of commercial loans by risk grade
Commercial loans	$ 2,583,870	$ 2,469,168
Pass [Member]
Summary of commercial loans by risk grade
Commercial loans	2,502,731	2,333,584
Criticized - Compromised [Member]
Summary of commercial loans by risk grade
Commercial loans	34,288	75,249
Classified - Substandard [Member]
Summary of commercial loans by risk grade
Commercial loans	46,851	60,335
Commercial Real Estate - Land and Construction [Member]
Summary of commercial loans by risk grade
Commercial loans	262,643	263,117
Commercial Real Estate - Land and Construction [Member] | Pass [Member]
Summary of commercial loans by risk grade
Commercial loans	257,218	253,231
Commercial Real Estate - Land and Construction [Member] | Criticized - Compromised [Member]
Summary of commercial loans by risk grade
Commercial loans	3,645	6,498
Commercial Real Estate - Land and Construction [Member] | Classified - Substandard [Member]
Summary of commercial loans by risk grade
Commercial loans	1,780	3,388
Commercial Real Estate - Improved Property [Member]
Summary of commercial loans by risk grade
Commercial loans	1,682,817	1,649,802
Commercial Real Estate - Improved Property [Member] | Pass [Member]
Summary of commercial loans by risk grade
Commercial loans	1,627,771	1,548,780
Commercial Real Estate - Improved Property [Member] | Criticized - Compromised [Member]
Summary of commercial loans by risk grade
Commercial loans	17,873	57,983
Commercial Real Estate - Improved Property [Member] | Classified - Substandard [Member]
Summary of commercial loans by risk grade
Commercial loans	37,173	43,039
Commercial and Industrial [Member]
Summary of commercial loans by risk grade
Commercial loans	638,410	556,249
Commercial and Industrial [Member] | Pass [Member]
Summary of commercial loans by risk grade
Commercial loans	617,742	531,573
Commercial and Industrial [Member] | Criticized - Compromised [Member]
Summary of commercial loans by risk grade
Commercial loans	12,770	10,768
Commercial and Industrial [Member] | Classified - Substandard [Member]
Summary of commercial loans by risk grade
Commercial loans	$ 7,898	$ 13,908

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Income Taxes - Schedule of Income Tax Amounts were Recorded in Shareholder's Equity as Elements of Other Comprehensive Income (Detail) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Income Tax Disclosure [Abstract]
Securities and defined benefit pension plan unrecognized items	$ (3,538)	$ (3,707)	$ (3,192)

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Loans and the Allowance for Credit Losses - Summary of Changes in Allowance for Credit Losses (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended								12 Months Ended
	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, beginning balance				$ 47,368				$ 52,699	$ 47,368	$ 52,699	$ 54,810
Allowance for loan commitments, beginning balance				602				341	602	341	468
Total beginning allowance for credit losses				47,970				53,040	47,970	53,040	55,278
Provision for loan losses									6,552	8,825	20,001
Provision for loan commitments									(147)	261	(127)
Total provision for credit losses	1,880	1,478	849	2,199	3,144	2,819	1,021	2,102	6,405	9,086	19,874
Charge-offs									(12,899)	(17,283)	(25,965)
Recoveries									3,633	3,127	3,853
Net charge-offs									(9,266)	(14,156)	(22,112)
Allowance for loan losses, ending balance	44,654				47,368				44,654	47,368	52,699
Allowance for loan commitments, ending balance	455				602				455	602	341
Total ending allowance for credit losses	45,109				47,970				45,109	47,970	53,040
Commercial Real Estate - Land and Construction [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, beginning balance				6,056				3,741	6,056	3,741	4,842
Allowance for loan commitments, beginning balance				301				27	301	27	74
Total beginning allowance for credit losses				6,357				3,768	6,357	3,768	4,916
Provision for loan losses									(402)	2,726	2,171
Provision for loan commitments									(107)	274	(47)
Total provision for credit losses									(509)	3,000	2,124
Charge-offs										(536)	(3,879)
Recoveries										125	607
Net charge-offs										(411)	(3,272)
Allowance for loan losses, ending balance	5,654				6,056				5,654	6,056	3,741
Allowance for loan commitments, ending balance	194				301				194	301	27
Total ending allowance for credit losses	5,848				6,357				5,848	6,357	3,768
Commercial Real Estate - Improved Property [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, beginning balance				18,157				23,614	18,157	23,614	24,748
Allowance for loan commitments, beginning balance				62				25	62	25	21
Total beginning allowance for credit losses				18,219				23,639	18,219	23,639	24,769
Provision for loan losses									1,239	843	5,452
Provision for loan commitments									(52)	37	4
Total provision for credit losses									1,187	880	5,456
Charge-offs									(2,426)	(6,915)	(7,693)
Recoveries									603	615	1,107
Net charge-offs									(1,823)	(6,300)	(6,586)
Allowance for loan losses, ending balance	17,573				18,157				17,573	18,157	23,614
Allowance for loan commitments, ending balance	10				62				10	62	25
Total ending allowance for credit losses	17,583				18,219				17,583	18,219	23,639
Commercial and Industrial [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, beginning balance				9,925				9,326	9,925	9,326	11,414
Allowance for loan commitments, beginning balance				130				215	130	215	323
Total beginning allowance for credit losses				10,055				9,541	10,055	9,541	11,737
Provision for loan losses									1,429	1,633	2,147
Provision for loan commitments									(18)	(85)	(108)
Total provision for credit losses									1,411	1,548	2,039
Charge-offs									(3,485)	(1,505)	(4,625)
Recoveries									1,194	471	390
Net charge-offs									(2,291)	(1,034)	(4,235)
Allowance for loan losses, ending balance	9,063				9,925				9,063	9,925	9,326
Allowance for loan commitments, ending balance	112				130				112	130	215
Total ending allowance for credit losses	9,175				10,055				9,175	10,055	9,541
Residential Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, beginning balance				5,673				7,182	5,673	7,182	5,638
Allowance for loan commitments, beginning balance				5				6	5	6	4
Total beginning allowance for credit losses				5,678				7,188	5,678	7,188	5,642
Provision for loan losses									1,692	1,169	5,039
Provision for loan commitments									4	(1)	2
Total provision for credit losses									1,696	1,168	5,041
Charge-offs									(2,437)	(3,079)	(3,902)
Recoveries									454	401	407
Net charge-offs									(1,983)	(2,678)	(3,495)
Allowance for loan losses, ending balance	5,382				5,673				5,382	5,673	7,182
Allowance for loan commitments, ending balance	9				5				9	5	6
Total ending allowance for credit losses	5,391				5,678				5,391	5,678	7,188
Home Equity [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, beginning balance				2,017				2,458	2,017	2,458	1,962
Allowance for loan commitments, beginning balance				85				49	85	49	33
Total beginning allowance for credit losses				2,102				2,507	2,102	2,507	1,995
Provision for loan losses									849	(8)	1,610
Provision for loan commitments									5	36	16
Total provision for credit losses									854	28	1,626
Charge-offs									(652)	(549)	(1,144)
Recoveries									115	116	30
Net charge-offs									(537)	(433)	(1,114)
Allowance for loan losses, ending balance	2,329				2,017				2,329	2,017	2,458
Allowance for loan commitments, ending balance	90				85				90	85	49
Total ending allowance for credit losses	2,419				2,102				2,419	2,102	2,507
Consumer [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, beginning balance				5,020				5,557	5,020	5,557	5,410
Allowance for loan commitments, beginning balance				19				19	19	19	13
Total beginning allowance for credit losses				5,039				5,576	5,039	5,576	5,423
Provision for loan losses									1,144	2,138	2,963
Provision for loan commitments									21		6
Total provision for credit losses									1,165	2,138	2,969
Charge-offs									(3,120)	(3,819)	(3,851)
Recoveries									1,034	1,144	1,035
Net charge-offs									(2,086)	(2,675)	(2,816)
Allowance for loan losses, ending balance	4,078				5,020				4,078	5,020	5,557
Allowance for loan commitments, ending balance	40				19				40	19	19
Total ending allowance for credit losses	4,118				5,039				4,118	5,039	5,576
Deposit Overdraft [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, beginning balance				520				821	520	821	796
Total beginning allowance for credit losses				520				821	520	821	796
Provision for loan losses									601	324	619
Total provision for credit losses									601	324	619
Charge-offs									(779)	(880)	(871)
Recoveries									233	255	277
Net charge-offs									(546)	(625)	(594)
Allowance for loan losses, ending balance	575				520				575	520	821
Total ending allowance for credit losses	$ 575				$ 520				$ 575	$ 520	$ 821

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Employee Benefit Plans - Fair Values of the WesBanco's Pension Plan Assets (Detail) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Defined Benefit Plan Disclosure [Line Items]
Total defined benefit pension plan assets	$ 114,216	$ 100,763
Registered Investment Companies [Member]
Defined Benefit Plan Disclosure [Line Items]
Total defined benefit pension plan assets	17,182	9,716
Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Total defined benefit pension plan assets	65,869	64,804
Corporate Debt Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Total defined benefit pension plan assets	15,726	12,752
Municipal Obligations [Member]
Defined Benefit Plan Disclosure [Line Items]
Total defined benefit pension plan assets	2,178	2,041
Residential Mortgage-Backed Securities and Collateralized Mortgage Obligations of Government Agencies [Member]
Defined Benefit Plan Disclosure [Line Items]
Total defined benefit pension plan assets	13,261	11,450
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Total defined benefit pension plan assets	83,051	74,520
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Registered Investment Companies [Member]
Defined Benefit Plan Disclosure [Line Items]
Total defined benefit pension plan assets	17,182	9,716
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Total defined benefit pension plan assets	65,869	64,804
Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Total defined benefit pension plan assets	31,165	26,243
Significant Other Observable Inputs (Level 2) [Member] | Corporate Debt Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Total defined benefit pension plan assets	15,726	12,752
Significant Other Observable Inputs (Level 2) [Member] | Municipal Obligations [Member]
Defined Benefit Plan Disclosure [Line Items]
Total defined benefit pension plan assets	2,178	2,041
Significant Other Observable Inputs (Level 2) [Member] | Residential Mortgage-Backed Securities and Collateralized Mortgage Obligations of Government Agencies [Member]
Defined Benefit Plan Disclosure [Line Items]
Total defined benefit pension plan assets	$ 13,261	$ 11,450

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Condensed Quarterly Statements of Income (Unaudited) - Consolidated Selected Quarterly Statements of Income (Detail) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended								12 Months Ended
	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Income Statement [Abstract]
Interest income	$ 54,185	$ 54,303	$ 54,044	$ 53,457	$ 54,257	$ 54,317	$ 54,424	$ 54,892	$ 215,991	$ 217,890	$ 211,686
Interest expense	5,199	5,692	5,737	6,132	7,019	8,186	8,435	8,764	22,763	32,403	43,335
Net interest income	48,986	48,611	48,307	47,325	47,238	46,131	45,989	46,128	193,228	185,487	168,351
Provision for credit losses	1,880	1,478	849	2,199	3,144	2,819	1,021	2,102	6,405	9,086	19,874
Net interest income after provision for credit losses	47,106	47,133	47,458	45,126	44,094	43,312	44,968	44,026	186,823	176,401	148,477
Non-interest income	16,413	16,073	18,076	17,039	16,953	17,131	17,038	17,480	67,601	68,601
Net securities gains	147	581	165	10	(3)	(15)	686	16	903	684	2,463
Non-interest expense	41,972	39,263	40,304	40,095	40,743	40,009	39,499	40,747	161,633	160,998	150,120
Income before provision for income taxes	21,694	24,524	25,395	22,080	20,301	20,419	23,193	20,775	93,694	84,688	63,132
Provision for income taxes	5,182	6,358	6,520	5,659	4,948	4,884	6,176	4,754	23,720	20,763	13,588
Net income	$ 16,512	$ 18,166	$ 18,875	$ 16,421	$ 15,353	$ 15,535	$ 17,017	$ 16,021	$ 69,974	$ 63,925	$ 49,544
Earnings per common share - basic	$ 0.56	$ 0.62	$ 0.65	$ 0.56	$ 0.52	$ 0.53	$ 0.58	$ 0.55	$ 2.39	$ 2.18	$ 1.84
Earnings per common share - diluted	$ 0.56	$ 0.62	$ 0.64	$ 0.56	$ 0.52	$ 0.53	$ 0.58	$ 0.55	$ 2.39	$ 2.18	$ 1.84

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Earnings Per Common Share (Tables)

12 Months Ended

Dec. 31, 2014

Earnings Per Share [Abstract]

Summary of Earnings Per Common Share

Earnings per common share are calculated as follows:

	For the years ended December 31,
(in thousands, except shares and per share amounts)	2014		2013		2012
Numerator for both basic and diluted earnings per common share:
Net income	$	69,974	$	63,925	$	49,544
Denominator:
Total average basic common shares outstanding		29,249,499		29,270,922		26,867,227
Effect of dilutive stock options and warrant		84,377		73,761		21,620
Total diluted average common shares outstanding		29,333,876		29,344,683		26,888,847
Earnings per common share—basic	$	2.39	$	2.18	$	1.84
Earnings per common share—diluted	$	2.39	$	2.18	$	1.84

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Condensed Quarterly Statements of Income (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2014

Quarterly Financial Information Disclosure [Abstract]

Consolidated Selected Quarterly Statements of Income

The following tables set forth unaudited consolidated selected quarterly statements of income for the years ended December 31, 2014 and 2013.

	2014 Quarter ended
(dollars in thousands, except per share amounts)	March 31,		June 30,		September 30,		December 31,		Annual Total
Interest income	$	53,457	$	54,044	$	54,303	$	54,185	$	215,991
Interest expense		6,132		5,737		5,692		5,199		22,763
Net interest income		47,325		48,307		48,611		48,986		193,228
Provision for credit losses		2,199		849		1,478		1,880		6,405
Net interest income after provision for credit losses		45,126		47,458		47,133		47,106		186,823
Non-interest income		17,039		18,076		16,073		16,413		67,601
Net securities gains		10		165		581		147		903
Non-interest expense		40,095		40,304		39,263		41,972		161,633
Income before income taxes		22,080		25,395		24,524		21,694		93,694
Provision for income taxes		5,659		6,520		6,358		5,182		23,720
Net income	$	16,421	$	18,875	$	18,166	$	16,512	$	69,974
Earnings per common share—basic	$	0.56	$	0.65	$	0.62	$	0.56	$	2.39
Earnings per common share—diluted	$	0.56	$	0.64	$	0.62	$	0.56	$	2.39

	2013 Quarter ended
(dollars in thousands, except per share amounts)	March 31,		June 30,		September 30,			December 31,			Annual Total
Interest income	$	54,892	$	54,424	$	54,317		$	54,257		$	217,890
Interest expense		8,764		8,435		8,186			7,019			32,403
Net interest income		46,128		45,989		46,131			47,238			185,487
Provision for credit losses		2,102		1,021		2,819			3,144			9,086
Net interest income after provision for credit losses		44,026		44,968		43,312			44,094			176,401
Non-interest income		17,480		17,038		17,131			16,953			68,601
Net securities gains		16		686		(15	)		(3	)		684
Non-interest expense		40,747		39,499		40,009			40,743			160,998
Income before income taxes		20,775		23,193		20,419			20,301			84,688
Provision for income taxes		4,754		6,176		4,884			4,948			20,763
Net income	$	16,021	$	17,017	$	15,535		$	15,353		$	63,925
Earnings per common share—basic	$	0.55	$	0.58	$	0.53		$	0.52		$	2.18
Earnings per common share—diluted	$	0.55	$	0.58	$	0.53		$	0.52		$	2.18

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Other Operating Expenses

12 Months Ended

Dec. 31, 2014

Other Income and Expenses [Abstract]

Other Operating Expenses

NOTE 12. OTHER OPERATING EXPENSES

Other operating expenses consist of miscellaneous taxes, consulting fees, ATM expenses, postage, legal fees, supplies, communications, other real estate owned and foreclosure expenses, and other expenses. Other operating expenses are presented below:

	For the years ended December 31,
(in thousands)	2014		2013		2012
Franchise and other miscellaneous taxes	$	6,748	$	5,887	$	5,629
Consulting, regulatory and advisory fees		4,405		4,445		3,971
ATM and electronic banking interchange expenses		4,222		4,310		3,748
Postage and courier expenses		3,373		3,317		3,071
Legal fees		2,531		2,549		2,517
Supplies		2,425		2,675		2,460
Communications		1,555		2,717		2,536
Other real estate owned and foreclosure expenses		1,101		1,753		2,082
Other		10,836		9,684		9,433
Total other operating expenses	$	37,196	$	37,337	$	35,447

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Wesbanco Bank Community Development Corporation - Summary of New Market Tax Credit Carry Forward (Detail) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2014
Schedule Of Subsidiary Financial Statements Table [Line Items]
Aggregate QEI Amount	$ 60,000
New Markets Tax Credit for year 2015	1,900
New Markets Tax Credit for year 2016	1,800
New Markets Tax Credit for year 2017	960
New Markets Tax Credit for year 2018	660
2004 [Member]
Schedule Of Subsidiary Financial Statements Table [Line Items]
Aggregate QEI Amount	10,000
2005 [Member]
Schedule Of Subsidiary Financial Statements Table [Line Items]
Aggregate QEI Amount	10,000
2008 [Member]
Schedule Of Subsidiary Financial Statements Table [Line Items]
Aggregate QEI Amount	7,500
2009 [Member]
Schedule Of Subsidiary Financial Statements Table [Line Items]
Aggregate QEI Amount	2,500
New Markets Tax Credit for year 2015	150
2010 [Member]
Schedule Of Subsidiary Financial Statements Table [Line Items]
Aggregate QEI Amount	14,000
New Markets Tax Credit for year 2015	840
New Markets Tax Credit for year 2016	840
2011 [Member]
Schedule Of Subsidiary Financial Statements Table [Line Items]
Aggregate QEI Amount	5,000
New Markets Tax Credit for year 2015	300
New Markets Tax Credit for year 2016	300
New Markets Tax Credit for year 2017	300
2012 [Member]
Schedule Of Subsidiary Financial Statements Table [Line Items]
Aggregate QEI Amount	6,000
New Markets Tax Credit for year 2015	360
New Markets Tax Credit for year 2016	360
New Markets Tax Credit for year 2017	360
New Markets Tax Credit for year 2018	360
2013 [Member]
Schedule Of Subsidiary Financial Statements Table [Line Items]
Aggregate QEI Amount	5,000
New Markets Tax Credit for year 2015	250
New Markets Tax Credit for year 2016	300
New Markets Tax Credit for year 2017	300
New Markets Tax Credit for year 2018	$ 300

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WesBanco Bank Community Development Corporation

12 Months Ended

Dec. 31, 2014

Text Block [Abstract]

WesBanco Bank Community Development Corporation

NOTE 17. WESBANCO BANK COMMUNITY DEVELOPMENT CORPORATION

WesBanco Bank Community Development Corporation (“WBCDC”), a consolidated subsidiary of WesBanco Bank, is a Certified Development Entity (“CDE”) with $60.0 million of New Markets Tax Credits (“NMTC”). The NMTC program is administered by the Community Development Financial Institutions Fund of the U.S. Treasury and is aimed at stimulating economic and community development and job creation in low-income communities. The program provides federal tax credits to investors who make qualified equity investments (“QEIs”) in a CDE. The CDE is required to invest the proceeds of each QEI in low-income communities, which are generally defined as those census tracts with poverty rates greater than 20% and/or median family incomes that are less than or equal to 80% of the area median family income.

The credit provided to the investor totals 39% of each QEI in a CDE and is claimed over a seven-year credit allowance period. In each of the first three years, the investor receives a credit equal to 5% of the total amount the investor paid to the CDE for each QEI. For each of the remaining four years, the investor receives a credit equal to 6% of the total amount the investor paid to the CDE for each QEI. WesBanco will be eligible to receive $23.4 million in tax credits over the seven-year credit allowance period for its investment of up to $60.0 million in WBCDC. At December 31, 2014, all of the $60.0 million in NMTC authority had been invested in WBCDC.

WesBanco Bank recognized $2.3 million, $2.2 million and $1.9 million in NMTC in its income tax provision for the years ended December 31, 2014, 2013 and 2012, respectively. The following table sets forth the NMTC expected to be claimed by WesBanco Bank on its federal income tax returns for years 2015 through 2018 with respect to aggregate QEI amounts invested as of December 31, 2014. These tax credits are subject to certain general business tax credit limitations, as well as the alternative minimum tax, and are therefore limited in deductibility currently due to the applicability of alternative minimum tax on WesBanco’s federal income tax return. A total of $6.2 million of such NMTC have been carried forward to future tax years.

(in thousands)	Aggregate QEI  Amount		New Markets Tax Credit
Year			2015		2016		2017		2018
2004	$	10,000	$	—	$	—	$	—	$	—
2005		10,000		—		—		—		—
2008		7,500		—		—		—		—
2009		2,500		150		—		—		—
2010		14,000		840		840		—		—
2011		5,000		300		300		300		—
2012		6,000		360		360		360		360
2013		5,000		250		300		300		300
Total	$	60,000	$	1,900	$	1,800	$	960	$	660

The NMTC claimed by WesBanco Bank with respect to each QEI remain subject to recapture over each QEI’s credit allowance period upon the occurrence of any of the following:

• if less than substantially all (generally defined as 85%) of the QEI proceeds are not used by WBCDC to make qualified low income community investments;

• WBCDC ceases to be a CDE; or

• WBCDC redeems its QEI investment prior to the end of the current credit allowance periods.

At December 31, 2014, 2013 and 2012 none of the above recapture events had occurred, nor in the opinion of management are such events anticipated to occur in the foreseeable future.

The following condensed financial statements summarize the financial position of WBCDC as of December 31, 2014, and the results of its operations and cash flows for the year ended December 31, 2014:

BALANCE SHEET

(in thousands)	December 31, 2014
Assets
Cash and due from banks	$	24,270
Loans, net of allowance for loan losses of $249		44,676
Investments		980
Other assets		530
Total Assets	$	70,456
Liabilities	$	294
Shareholder Equity		70,162
Total Liabilities and Shareholder Equity	$	70,456

STATEMENT OF INCOME

(in thousands)	For the year ended December 31, 2014
Interest income
Loans	$	1,527
Total interest income		1,527
Provision for loan losses		43
Net interest income after provision for loan losses		1,484
Non-interest income		83
Non-interest expense		103
Income before provision for income taxes		1,464
Provision for income taxes		544
Net income	$	920

STATEMENT OF CASH FLOWS

	For the year ended December 31, 2014
(in thousands)
Operating Activities
Net income	$	920
Provision for loan losses		43
Gain on investments		(83	)
Net change in other assets		106
Net change in liabilities		(563	)
Net cash provided by operating activities		423
Investing Activities
Increase in loans		(1,193	)
Net cash used by investing activities		(1,193	)
Financing Activities
Qualified equity investment by parent company		—
Net cash provided by financing activities		—
Net decrease in cash and cash equivalents		(770	)
Cash and cash equivalents at beginning of year		25,040
Cash and cash equivalents at end of year	$	24,270

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Employee Benefit Plans - Significant Assumptions Used in Calculating the Fair Value of the Grants (Detail) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Compensation Related Costs [Abstract]
Weighted-average life	4 years 9 months 18 days	4 years 6 months	4 years 10 months 24 days
Risk-free interest rate	1.37%	0.74%	0.73%
Dividend yield	3.06%	3.04%	3.40%
Volatility factor	28.82%	32.31%	32.30%
Fair value of the grants	$ 5.41	$ 5.05	$ 3.96

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Regulatory Matters (Tables)

12 Months Ended

Dec. 31, 2014

Banking and Thrift [Abstract]

Summary of Risk-Based Capital Amounts and Ratios

The following table summarizes risk-based capital amounts and ratios for WesBanco and the Bank:

(dollars in thousands)	Minimum Value (1)			Well Capitalized (2)			December 31, 2014							December 31, 2013
							Amount		Ratio			Minimum Amount (1)		Amount		Ratio			Minimum Amount (1)
WesBanco, Inc.
Tier 1 leverage		4.00	%(3)		N/A		$	593,031		9.88	%	$	240,068	$	544,083		9.27	%	$	234,863
Tier 1 capital to risk-weighted assets		4.00	%		6.00	%		593,031		13.76	%		172,357		544,083		13.06	%		166,691
Total capital to risk-weighted assets		8.00	%		10.00	%		638,064		14.81	%		344,714		591,451		14.19	%		333,382
WesBanco Bank, Inc.
Tier 1 leverage		4.00	%		5.00	%	$	516,689		8.63	%	$	239,533	$	502,165		8.58	%	$	234,109
Tier 1 capital to risk-weighted assets		4.00	%		6.00	%		516,689		12.04	%		171,612		502,165		12.11	%		165,828
Total capital to risk-weighted assets		8.00	%		10.00	%		561,369		13.08	%		343,225		549,533		13.25	%		331,656

(1) Minimum requirements to remain adequately capitalized.

(2) Well capitalized under prompt corrective action regulations.

(3) Minimum requirement is 3% for certain highly-rated bank holding companies.

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Income Taxes - Schedule of Unrecognized Tax Benefits (Excluding Interest and Federal Income Tax Benefit of Unrecognized State Tax Benefits) (Detail) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Income Tax Disclosure [Abstract]
Balance at beginning of year	$ 673	$ 668	$ 784
Additions based on tax positions related to the current year	155	140	147
Reductions for tax positions of prior years	0	0	0
Reductions due to the statute of limitations	(127)	(135)	(263)
Settlements	0	0	0
Balance at end of year	$ 701	$ 673	$ 668

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Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2014

Compensation and Retirement Disclosure [Abstract]

Summary of Benefit Obligations and Funded Status of the Plan

The benefit obligations and funded status of the Plan are as follows:

	December 31,
(dollars in thousands)	2014			2013
Accumulated benefit obligation at end of year	$	103,447		$	81,478
Change in projected benefit obligation:
Projected benefit obligation at beginning of year	$	90,640		$	94,502
Service cost		2,909			3,120
Interest cost		4,745			4,096
Actuarial (gain) loss		25,392			(8,286	)
Benefits paid		(5,425	)		(2,792	)
Projected benefit obligation at end of year	$	118,261		$	90,640
Change in fair value of plan assets:
Fair value of plan assets at beginning of year	$	100,274		$	82,608
Actual return on plan assets		7,688			15,458
Employer contribution		7,500			5,000
Benefits paid		(5,425	)		(2,792	)
Fair value of plan assets at end of year	$	110,037		$	100,274
Amounts recognized in the statement of financial position:
Funded status	$	(8,224	)	$	9,634
Net amounts recognized as (payable) receivable pension costs in the consolidated balance sheets	$	(8,224	)	$	9,634
Amounts recognized in accumulated other comprehensive income consist of:
Unrecognized prior service cost	$	182		$	227
Unrecognized net loss		35,834			12,371
Net amounts recognized in accumulated other comprehensive income (before tax)	$	36,016		$	12,598
Weighted average assumptions used to determine benefit obligations:
Discount rate		4.33	%		5.17	%
Rate of compensation increase		3.77	%		3.97	%
Expected long-term return on assets		7.00	%		7.25	%

Components of and Weighted-Average Assumptions Used in Determining Net Periodic Benefit Costs

The components of and weighted-average assumptions used to determine net periodic benefit costs are as follows:

	For the years ended December 31,
(dollars in thousands)	2014			2013			2012
Components of net periodic benefit cost:
Service cost	$	2,909		$	3,120		$	2,737
Interest cost		4,745			4,096			3,882
Expected return on plan assets		(7,229	)		(5,993	)		(5,541	)
Amortization of prior service cost		45			45			45
Amortization of net loss		1,471			3,534			2,287
Net periodic pension cost	$	1,941		$	4,802		$	3,410
Other changes in plan assets and benefit obligations recognized in other comprehensive income:
Net (gain) loss for period	$	24,934		$	(17,751	)	$	12,143
Amortization of prior service cost		(45	)		(45	)		(45	)
Amortization of net loss		(1,471	)		(3,534	)		(2,287	)
Total recognized in other comprehensive income	$	23,418		$	(21,330	)	$	9,811
Total recognized in net periodic pension cost and other comprehensive income	$	25,359		$	(16,528	)	$	13,221
Weighted-average assumptions used to determine net periodic pension cost:
Discount rate		5.17	%		4.36	%		5.11	%
Rate of compensation increase		3.97	%		3.00	%		3.00	%
Expected long-term return on assets		7.25	%		7.25	%		7.75	%

Summary of Weighted-Average Asset Allocations by Asset Category

The following table sets forth the Plan’s weighted-average asset allocations by asset category:

	Target Allocation for 2014		December 31,
			2014			2013
Asset Category:
Equity securities		55 - 75%		65	%		68	%
Debt securities		25 - 55%		32	%		30	%
Cash and cash equivalents		0 - 5%		3	%		2	%
Total				100	%		100	%

Fair Values of the WesBanco's Pension Plan Assets

The fair values of WesBanco’s pension plan assets at December 31, 2014 and 2013, by asset category are as follows:

			December 31, 2014
			Fair Value Measurements Using:
(in thousands)	Assets at Fair     Value		Quoted Prices in     Active Markets  for Identical Assets (Level 1)		Significant Other     Observable     Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Defined benefit pension plan assets:
Registered investment companies	$	17,182	$	17,182	$	—	$	—
Equity securities		65,869		65,869		—		—
Corporate debt securities		15,726		—		15,726		—
Municipal obligations		2,178		—		2,178		—
Residential mortgage-backed securities and collateralized mortgage obligations of government agencies		13,261		—		13,261		—
Total defined benefit pension plan assets (1)	$	114,216	$	83,051	$	31,165	$	—

(1) The defined benefit pension plan statement of net assets also includes cash, accrued interest and dividends, and due to/from brokers resulting in net assets available for benefits of $110.0 million.

			December 31, 2013
			Fair Value Measurements Using:
(in thousands)	Assets at Fair     Value		Quoted Prices in     Active Markets  for Identical Assets (Level 1)		Significant Other     Observable     Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Defined benefit pension plan assets:
Registered investment companies	$	9,716	$	9,716	$	—	$	—
Equity securities		64,804		64,804		—		—
Corporate debt securities		12,752		—		12,752		—
Municipal obligations		2,041		—		2,041		—
Residential mortgage-backed securities and collateralized mortgage obligations of government agencies		11,450		—		11,450		—
Total defined benefit pension plan assets (1)	$	100,763	$	74,520	$	26,243	$	—

(1) The defined benefit pension plan statement of net assets also includes cash, accrued interest and dividends, and due to/from brokers resulting in net assets available for benefits of $100.3 million.

Estimated Benefits to be Paid in Each of Next Five Years and in the Aggregate for the Five Years Thereafter

The following table presents estimated benefits to be paid in each of the next five years and in the aggregate for the five years thereafter (in thousands):

Year	Amount
2015	$	3,409
2016		3,703
2017		4,006
2018		4,353
2019		4,681
2020 to 2024		29,936

Significant Assumptions Used in Calculating the Fair Value of the Grants

The following table sets forth the significant assumptions used in calculating the fair value of the grants:

	For the years ended December 31,
	2014			2013			2012
Weighted-average life		4.8 years			4.5 years			4.9 years
Risk-free interest rate		1.37	%		0.74	%		0.73	%
Dividend yield		3.06	%		3.04	%		3.40	%
Volatility factor		28.82	%		32.31	%		32.30	%
Fair value of the grants	$	5.41		$	5.05		$	3.96

Summary of Activity for the Stock Option Component of the Incentive Plan

The following table shows the activity for the Stock Option component of the Incentive Plan:

	For the year ended December 31, 2014
	Number of Options			Weighted Average Exercise Price Per Share
Outstanding at beginning of the year		297,761		$	23.62
Granted during the year		83,800			28.79
Exercised during the year		(82,659	)		23.46
Forfeited or expired during the year		(40,452	)		29.93
Outstanding at end of the year		258,450		$	24.36
Exercisable at year end		216,550		$	23.51

Summary of Average Remaining Life of the Stock Options

The following table shows the average remaining life of the stock options at December 31, 2014:

Year Issued	Exercisable at Year End		Exercise Price Range Per Share		Options Outstanding		Weighted Average Exercise Price		Weighted Avg. Remaining Contractual Life in Years
2008		19,950	$	21.72		19,950	$	21.72		0.39
2010		18,675		19.27		18,675		19.27		2.38
2011		24,250		19.76		24,250		19.76		3.38
2012		36,750		20.02		36,750		20.02		4.38
2013		75,025		25.00		75,025		25.00		5.38
2014		41,900		28.79		83,800		28.79		6.39
Total		216,550	$	19.27 to $28.79		258,450	$	24.36		4.77

Schedule of Activity for the Restricted Stock Component of the Plan

The following table shows the activity for the Restricted Stock component of the Incentive Plan:

For the year ended December 31, 2014	Restricted Stock			Weighted Average Grant Date Fair Value Per Share
Non-vested at January 1, 2014		91,194		$	23.20
Granted during the year		42,540			28.64
Vested during the year		(1,749	)		20.64
Forfeited or expired during the year		(1,583	)		20.28
Dividend reinvestment		3,066			31.40
Non-vested at end of the year		133,468		$	25.19

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Fair Value Measurement - Schedule of Assets Measured at Fair Value on Nonrecurring Basis (Detail) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]
Other real estate owned and repossessed assets	5,082	4,860
Nonrecurring Fair Value Measurements [Member]
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]
Impaired loans	6,024	1,543
Other real estate owned and repossessed assets	5,082	4,860
Minimum [Member]
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]
Impaired loans, Appraisal adjustments	0.00%	0.00%
Impaired loans, Liquidation expenses	(1.20%)	(3.50%)
Maximum [Member]
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]
Impaired loans, Appraisal adjustments	(39.70%)	(29.10%)
Impaired loans, Liquidation expenses	(8.00%)	(8.00%)
Weighted Average [Member]
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]
Impaired loans, Appraisal adjustments	(6.70%)	(15.60%)
Impaired loans, Liquidation expenses	(6.70%)	(4.70%)
Significant Unobservable Inputs (Level 3) [Member] | Nonrecurring Fair Value Measurements [Member]
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]
Impaired loans	6,024	1,543
Other real estate owned and repossessed assets	5,082	4,860

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Consolidated Statements of Comprehensive Income (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Statement of Comprehensive Income [Abstract]
Net income	$ 69,974	$ 63,925	$ 49,544
Securities available-for-sale:
Net change in unrealized gains (losses) on securities available-for-sale	15,242	(30,288)	4,833
Related income tax (expense) benefit	(5,604)	11,186	(1,747)
Net securities gains reclassified into earnings	(981)	(89)	(2,142)
Related income tax expense	361	33	796
Net effect on other comprehensive income for the period	9,018	(19,158)	1,740
Securities held-to-maturity:
Amortization of unrealized gain transferred from available-for-sale	(472)	(1,029)	(1,534)
Related income tax expense	173	383	577
Net effect on other comprehensive income for the period	(299)	(646)	(957)
Defined benefit pension plan:
Amortization of net loss and prior service costs	1,516	3,579	2,332
Related income tax benefit	(558)	(1,368)	(918)
Recognition of unrealized (loss) gain	(24,934)	17,751	(12,143)
Related income tax benefit (expense)	9,166	(6,527)	4,483
Net effect on other comprehensive income for the period	(14,810)	13,435	(6,246)
Total other comprehensive income	(6,091)	(6,369)	(5,463)
Comprehensive income	$ 63,883	$ 57,556	$ 44,081

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Employee Benefit Plans - Additional Information (Detail) (USD $)	12 Months Ended			0 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	May 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Benefits bases on years of service and compensation, years	5 years
Future amortization of net loss	$ 3,600,000
Future net periodic pension costs	26,000
Average remaining service period of unrecognized net losses	10 years
Maximum amount of pension plan invested	5.00%
Maximum common stock percentage of market value of investee	10.00%
Maximum period for invested in bonds or notes issued	20 years
Number of equity shares	55,300	55,300
Common stock fair market value	1,900,000	1,800,000
Expected voluntary contribution for the year 2015	7,500,000
Employer contribution	7,500,000	5,000,000	5,000,000
Eligible employee contributions specified percentage one	3.00%	3.00%	3.00%
Eligible employee contributions specified percentage two	2.00%	2.00%	2.00%
ESOP	0	0	0
Eligibility percentage of employee contributions	100.00%	100.00%	100.00%
Eligibility percentage of employee contributions	50.00%	50.00%	50.00%
Compensation expense for Annual Bonus	1,500,000	1,300,000	1,300,000
Stock options granted to selected participants	83,800
Stock options granted to selected participants exercise price per share	$ 28.79
Total intrinsic value of options exercised	600,000	800,000
Cash received from stock option exercised	1,900,000	200,000
Tax benefit realized from stock options exercised	2,600,000	300,000
Total intrinsic value of the outstanding shares	2,700,000
Total intrinsic value of the shares exercisable	2,400,000
KSOP [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares held by KSOP	542,695
Total expense for the KSOP/Compensation expense for the stock option component of the Plan	2,200,000	2,100,000	1,800,000
Future issuance under equity compensation plans	519,773	558,993
Equity Compensation Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Future issuance under equity compensation plans	443,388	568,228
Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total expense for the KSOP/Compensation expense for the stock option component of the Plan	400,000	300,000
Options grant expired	7 years
Total unrecognized compensation expense related to non-vested stock option grants	200,000
Expense recognition period	1 year
Stock Option [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options grant expired	10 years
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total expense for the KSOP/Compensation expense for the stock option component of the Plan	1,000,000	800,000	600,000
Expense recognition period	1 year 6 months
Restricted stock options granted	42,540
Restricted shares vesting period	36 months
Fair value of restricted stock granted	$ 28.64
Total unrecognized compensation expense related to non-vested restricted stock grants	$ 1,400,000
Selected Participants Including Certain Executive Officers [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted to selected participants				83,800
Stock options granted to selected participants exercise price per share				$ 28.79

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Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2014

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Nature of Operations—WesBanco, Inc. (“WesBanco”) is a bank holding company offering a full range of financial services, including trust and investment services, mortgage banking, insurance and brokerage services. WesBanco’s defined business segments are community banking and trust and investment services. WesBanco’s banking subsidiary, WesBanco Bank, Inc. (“WesBanco Bank” or the “Bank”), headquartered in Wheeling, West Virginia, operates through 120 banking offices, one loan production office and 107 ATM machines in West Virginia, Ohio and western Pennsylvania. In addition, WesBanco operates an insurance brokerage company, WesBanco Insurance Services, Inc., and a full service broker/dealer, WesBanco Securities, Inc.

Use of Estimates—The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Principles of Consolidation—The Consolidated Financial Statements include the accounts of WesBanco and those entities in which WesBanco has a controlling financial interest. All material intercompany balances and transactions have been eliminated in consolidation.

WesBanco determines whether it has a controlling financial interest in an entity by first evaluating whether the entity is a voting interest entity or a variable interest entity. A voting interest entity is an entity in which the total equity investment at risk is sufficient to enable the entity to finance itself independently and provides the equity holders with the obligation to absorb losses, the right to receive residual returns and the right to make financial and operating decisions. WesBanco consolidates voting interest entities in which it owns all, or at least a majority (generally, greater than 50%) of the voting interest.

Variable Interest Entities—Variable interest entities (“VIE”) are entities that in general either do not have equity investors with voting rights or that have equity investors that do not provide sufficient financial resources for the entity to support its activities. WesBanco uses VIEs in various legal forms to conduct normal business activities. WesBanco reviews the structure and activities of VIEs for possible consolidation.

A controlling financial interest in a VIE is present when an enterprise has both the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance and the obligation to absorb losses of the VIE that could potentially be significant to the VIE or the right to receive benefits of the VIE that could potentially be significant to the VIE. A VIE often holds financial assets, including loans or receivables, real estate or other property. The company with a controlling financial interest, known as the primary beneficiary, is required to consolidate the VIE. WesBanco has eight wholly-owned trust subsidiaries (collectively, the “Trusts”), for which it does not absorb a majority of expected losses or receive a majority of the expected residual returns. Accordingly, the Trusts and their net assets are not included in the Consolidated Financial Statements. However, the junior subordinated deferrable interest debentures issued by WesBanco to the Trusts (refer to Note 10, “Junior Subordinated Debt Owed to Unconsolidated Subsidiary Trusts”) and the minority interest in the common stock issued by the Trusts is included in the Consolidated Balance Sheets. WesBanco also owns non-controlling variable interests in certain limited partnerships for which it does not absorb a majority of expected losses or receive a majority of expected residual returns which are not included in the Consolidated Financial Statements. Refer to Note 7, “Investments in Limited Partnerships” for further detail.

Revenue Recognition—Interest and dividend income, loan fees, trust fees, fees and charges on deposit accounts, insurance commissions and other ancillary income related to the Bank’s deposits and lending activities, as well as income at WesBanco’s other subsidiary companies, are accrued as earned.

Cash and Cash Equivalents—Cash and cash equivalents include cash and due from banks, due from banks —interest bearing and federal funds sold. Generally, federal funds are sold for one-day periods.

Securities—Available-for-sale securities: Debt securities not classified as trading or held-to-maturity are classified as available-for-sale. These securities may be sold at any time based upon management’s assessment of changes in economic or financial market conditions, interest rate or prepayment risks, liquidity considerations and other factors. These securities are stated at fair value, with the fair value adjustment, net of tax, reported as a separate component of accumulated other comprehensive income.

Held-to-maturity securities: Securities that are purchased with the positive intent and ability to be held until their maturity are stated at cost and adjusted for amortization of premiums and accretion of discounts. Transfers of debt securities into the held-to-maturity category from the available-for-sale category are made at fair value at the date of transfer. The unrealized gain or loss at the date of transfer is retained in other comprehensive income and in the carrying value of the held-to-maturity securities. Such amounts are amortized over the remaining life of the security.

Cost method investments: Securities that do not have readily determinable fair values and for which WesBanco does not exercise significant influence are carried at cost. Cost method investments consist primarily of Federal Home Loan Bank (“FHLB”) stock and are included in other assets in the Consolidated Balance Sheets. Cost method investments are evaluated for impairment whenever events or circumstances suggest that their carrying value may not be recoverable.

Securities acquired in acquisitions are recorded at fair value with the premium or discount derived from the fair market value adjustment recognized into interest income on a level yield basis over the remaining life of the security.

Gains and losses: Net realized gains and losses on sales of securities are included in non-interest income. The cost of securities sold is based on the specific identification method. The gain or loss is determined as of the trade date. Prior unrealized gains and losses are recorded through other comprehensive income and reversed when gains or losses are realized or if an impairment charge is recorded.

Amortization and accretion: Generally, premiums are amortized to call date and discounts are accreted to maturity, on a level yield basis.

Other-than-temporary impairment losses: An investment security is considered impaired if its fair value is less than its cost or amortized cost basis. If WesBanco intends to sell or will be required to sell the investment prior to recovery of cost, the entire impairment will be recognized in the Consolidated Statements of Income. If WesBanco does not intend to sell, nor is it more likely than not that it will be required to sell, impaired securities prior to the recovery of their cost, a review is conducted each quarter to determine if the impairment is other-than-temporary due to credit impairment. In estimating other-than-temporary impairment losses, WesBanco considers the financial condition and near-term prospects of the issuer, evaluating any credit downgrades or other indicators of a potential credit problem, the extent and duration of the decline in fair value, the type of security, either fixed or equity, and the receipt of principal and interest according to the contractual terms. If the impairment is to be considered temporary, the impairment for available-for-sale securities is recognized in other comprehensive income in the Consolidated Balance Sheet. If the impairment is to be considered other-than-temporary based on management’s review of the various factors that indicate credit impairment, the impairment must be separated into credit and non-credit portions. The credit portion is recognized in the Consolidated Statements of Income. For available-for-sale securities, the non-credit portion is calculated as the difference between the present value of the future cash flows and the fair value of the security and is recognized in other comprehensive income.

Loans and Loans Held for Sale—Loans originated by WesBanco are reported at the principal amount outstanding, net of unearned income, credit valuation adjustments, and unamortized deferred loan fee income and loan origination costs. Interest is accrued as earned on loans except where doubt exists as to collectability, in which case accrual of income is discontinued. Loans originated and intended for sale are carried, in aggregate, at the lower of cost or estimated market value. Portfolio loans specifically identified as held for sale are recorded at the contractual sales price or third party valuation less selling costs.

Loans acquired in acquisitions are recorded at fair value with no carryover of related allowance for credit losses. The premium or discount derived from the fair market value adjustment is recognized into interest income using a level yield method over the remaining expected life of the loan.

Loan origination fees and direct costs are deferred and accreted or amortized into interest income or expense, as an adjustment to the yield, over the life of the loan using the level yield method. When a loan is paid off, the remaining unaccreted or unamortized net origination fees or costs are immediately recognized into income or expense.

Loans are generally placed on non-accrual when they are 90 days past due unless the loan is well-secured and in the process of collection. Loans may be returned to accrual status when a borrower has resumed paying principal and interest for a sustained period of at least six months and the Bank is reasonably assured of collecting the remaining contractual principal and interest. Loans are returned to accrual status at an amount equal to the principal balance of the loan at the time of non-accrual status less any payments applied to principal during the non-accrual period. Loans are reported as a troubled debt restructuring (“TDR”) when WesBanco for economic or legal reasons related to a borrower’s financial difficulties grants a concession to the borrower that it would not otherwise consider. Refer to the “TDR” policy below for additional detail.

A loan is considered impaired, based on current information and events, if it is probable that WesBanco will be unable to collect the payments of principal and interest when due according to the contractual terms of the loan agreement. Impaired loans include all non-accrual loans and TDRs. WesBanco recognizes interest income on non-accrual loans on the cash basis only if recovery of principal is reasonably assured.

Consumer loans are charged down to the net realizable value at 120 days past due for closed-end loans and 180 days past due for open-end revolving lines of credit. Residential real estate loans are charged down to the net realizable value of the collateral at 180 days past due. Commercial loans are charged down to the net realizable value when it is determined that WesBanco will be unable to collect the principal amount in full. Loans are reclassified to other assets at the net realizable value when foreclosure or repossession of the collateral occurs. Refer to the “Other Real Estate Owned and Repossessed Assets” policy below for additional detail.

Allowance for Credit Losses—The allowance for credit losses represents management’s estimate of probable losses inherent in the loan portfolio and in future advances against loan commitments. Determining the amount of the allowance requires significant judgment about the collectability of loans and the factors that deserve consideration in estimating probable credit losses. The allowance is increased by a provision charged to operating expense and reduced by charge-offs, net of recoveries. Management evaluates the adequacy of the allowance at least quarterly. This evaluation is inherently subjective as it requires material estimates that may be susceptible to significant change from period to period.

The evaluation includes an assessment of quantitative factors such as actual loss experience within each category of loans and testing of certain loans for impairment. The evaluation also considers qualitative factors such as economic trends and conditions, which includes levels of unemployment, real estate values and the impact on specific industries and geographical markets, changes in lending policies and underwriting standards, delinquency and other credit quality trends, concentrations of credit risk, if any, the results of internal loan reviews and examinations by bank regulatory agencies, the volatility of historical loss rates, the velocity of changes in historical loss rates, and regulatory guidance pertaining to the allowance for credit losses. Management relies on observable data from internal and external sources to the extent it is available to evaluate each of these factors and adjusts the actual historical loss rates to reflect the impact these factors may have on probable losses in the portfolio.

Commercial real estate and commercial and industrial loans greater than $1 million that are reported as non-accrual or a TDR are tested individually for impairment. Specific reserves are established when appropriate for such loans based on the present value of expected future cash flows of the loan or the estimated realizable value of the collateral, if any.

General reserves are established for loans that are not individually tested for impairment based on historical loss rates adjusted for the impact of the qualitative factors discussed above. Historical loss rates for commercial real estate and commercial and industrial loans are determined for each internal risk grade or groups of pass grades using a migration analysis that categorizes each charged-off loan based on its risk grade twelve months prior to the charge-off. Historical loss rates for commercial real estate land and construction, residential real estate, home equity and consumer loans are determined for the total of each category of loans. Historical loss rates for deposit account overdrafts are based on actual losses in relation to average overdrafts for the period.

Management has determined that the greater of the most recent twelve or thirty-six month historical loss rate is generally the most indicative of probable losses in the portfolio because the twelve month loss rate more accurately reflects the adverse impact of current conditions during periods of economic stress while the thirty-six month loss rate more accurately reflects probable losses during normal economic cycles. Historical loss rates for longer periods than thirty-six months may not be as meaningful because of changes in the risk profile and characteristics of the portfolio that can occur over longer periods of time. However, management does evaluate historical loss rates for periods longer than thirty-six months to give adequate consideration to the longer economic cycle and its impact on probable losses in the current period.

Management may also adjust its assumptions to account for differences between estimated and actual incurred losses from period to period. The variability of management’s assumptions could alter the level of the allowance for credit losses and may have a material impact on future results of operations and financial condition. The loss estimation models and methods used to determine the allowance for credit losses is continually refined and enhanced; however there have been no material substantive changes compared to prior periods.

TDRs—A restructuring of a debt constitutes a TDR if the creditor for economic or legal reasons related to the debtor’s financial difficulties grants a concession to the debtor that it would not otherwise consider. The determination of whether a concession has been granted includes an evaluation of the debtor’s ability to access funds at a market rate for debt with similar risk characteristics and among other things, the significance of the modification relative to unpaid principal or collateral value of the debt, and/or the significance of a delay in the timing of payments relative to the frequency of payments, original maturity date, or the expected duration of the loan. The most common concessions granted generally include one or more modifications to the terms of the debt such as a reduction in the interest rate for the remaining life of the debt, an extension of the maturity date at an interest rate lower than the current market rate for new debt with similar risk, or reduction of the unpaid principal or interest. Additionally, all consumer bankruptcies are considered TDR. All TDRs are considered impaired loans.

When determining whether a debtor is experiencing financial difficulties, consideration is given to any known default on any of its debt or whether it is probable that the debtor would be in payment default in the foreseeable future without the modification. Other indicators of financial difficulty include whether the debtor has declared or is in the process of declaring bankruptcy, the debtor’s ability to continue as a going concern, or the debtor’s projected cash flow to service its debt (including principal & interest) in accordance with the contractual terms for the foreseeable future, without a modification. If the payment of principal at original maturity is primarily dependent on the value of collateral, the current value of that collateral is considered in determining whether the principal will be paid.

The restructuring of a loan does not have a material effect on the allowance or provision for credit losses as the internal risk grade of a loan has more influence on the allowance than the classification of a loan as a TDR. The internal risk rating is the primary factor for establishing the allowance for commercial loans, including commercial real estate except for loans that are individually evaluated for impairment, in which case a specific reserve is established pursuant to GAAP. Portfolio segment loss history is the primary factor for establishing the allowance for residential real estate, home equity and consumer loans.

Non-accrual loans that are restructured remain on non-accrual, but may move to accrual status after they have performed according to the restructured terms for a period of time. TDRs on accrual status generally remain on accrual status as long as they continue to perform in accordance with their modified terms. TDRs may also be placed on non-accrual if they do not perform in accordance with the restructured terms. Loans may be removed from TDR status after they have performed according to the renegotiated terms for a period of time if the interest rate under the modified terms is at or above market, or if the loan returns to its original terms.

Mortgage Servicing Rights—Mortgage servicing rights (“MSRs”) represent the right to service loans for third party investors. MSRs are recognized as a separate asset for the rights to service mortgage loans for others, regardless of how those servicing rights are acquired. MSRs are recognized upon the sale of mortgage loans to a third party investor with the servicing rights retained by WesBanco. Servicing loans for others generally consists of collecting mortgage payments from borrowers, maintaining escrow accounts, remitting payments to third party investors and when necessary, foreclosure processing. Serviced loans are not included in the Consolidated Balance Sheets. Loan servicing income includes servicing fees received from the third party investors and certain charges collected from the borrowers. Originated MSRs are recorded at allocated fair value at the time of the sale of the loans to the third party investor. MSRs are amortized in proportion to and over the estimated period of net servicing income. MSRs are carried at amortized cost, less a valuation allowance for impairment, if any. Impairment exists if the carrying value of MSRs exceeds the estimated fair value of the MSRs.

Premises and Equipment—Premises and equipment are stated at cost less accumulated depreciation and amortization. Depreciation is computed using the straight-line method over the estimated useful lives of the assets. Leasehold improvements are amortized over the shorter of the estimated economic useful lives of the leased assets or the remaining terms of the underlying leases. Useful lives range from three to ten years for furniture and equipment, 15 to 39 years for buildings and building improvements, and 15 years for land improvements. Maintenance and repairs are expensed as incurred while major improvements that extend the useful life of an asset are capitalized and depreciated over the estimated remaining useful life of the asset.

Other Real Estate Owned and Repossessed Assets—Other real estate owned and repossessed assets, which are considered available-for-sale and are reported in other assets, are carried at the lower of cost or their estimated current fair value, less estimated costs to sell. Other real estate owned consists primarily of properties acquired through, or in lieu of, foreclosures. Repossessed collateral primarily consists of automobiles and other types of collateral acquired to satisfy defaulted consumer loans. Subsequent declines in fair value, if any, income and expense associated with the management of the collateral, and gains or losses on the disposition of these assets are recognized in the Consolidated Statements of Income.

Goodwill and Other Intangible Assets—WesBanco accounts for business combinations using the acquisition method of accounting. Accordingly, the identifiable assets acquired, the liabilities assumed, and any non-controlling interest of an acquired business are recorded at their estimated fair values as of the date of acquisition with any excess of the cost of the acquisition over the fair value recorded as goodwill. Other intangible assets represent purchased assets that lack physical substance but can be distinguished from goodwill because of contractual or other legal rights or because the asset is capable of being sold or exchanged either on its own or in combination with a related contract, asset, or liability.

Goodwill is not amortized but is evaluated for impairment annually, or more often if events or circumstances indicate it may be impaired. Finite-lived intangible assets, which consist primarily of core deposit and customer list intangibles (long-term customer-relationship intangible assets) are amortized using straight-line and accelerated methods over their weighted-average estimated useful lives, ranging from ten to sixteen years in total, and are tested for impairment whenever events or circumstances indicate that their carrying amount may not be recoverable.

Goodwill is evaluated for impairment by either assessing qualitative factors to determine whether it is necessary to perform the two-step goodwill impairment test, or WesBanco may elect to perform the two-step goodwill impairment test. Under the qualitative assessment, WesBanco assesses qualitative factors to determine whether it is more likely than not that the fair value of its reporting units are less than their carrying amounts, including goodwill. If it is more likely than not, the two-step goodwill impairment test is used to identify potential goodwill impairment and measure the amount of a goodwill impairment loss to be recognized, if any. In the first step, the estimated fair value of each reporting unit is compared to its carrying value, including goodwill. If the estimated fair value of a reporting unit exceeds its carrying amount, the goodwill of that reporting unit is not considered impaired, and no impairment loss is recognized. However, if the carrying amount of the reporting unit exceeds its fair value, step two, which involves comparing the implied fair value of goodwill to its carrying value, is completed and to the extent that the carrying value of goodwill exceeds its implied fair value, an impairment loss is recognized.

Intangible assets with finite useful lives (primarily core deposit and customer list intangibles) are evaluated for impairment whenever events or changes in circumstances indicate that their carrying amount may not be recoverable. An impairment loss is recognized when the carrying amount of an intangible asset with a finite useful life is not recoverable from its undiscounted cash flows and is measured as the difference between the carrying amount and the fair value of the asset. WesBanco does not have any indefinite-lived intangible assets.

Bank-Owned Life Insurance—WesBanco has purchased life insurance policies on certain executive officers and employees. WesBanco receives the cash surrender value of each policy upon its termination or benefits are payable upon the death of the insured. These policies are recorded in the Consolidated Balance Sheets at their net cash surrender value. Changes in net cash surrender value are recognized in non-interest income in the Consolidated Statements of Income.

Interest Rate Lock Commitments—In order to attract potential home borrowers, WesBanco offers interest rate lock commitments (“IRLC”) to such potential borrowers. IRLC are generally for sixty days and guarantee a specified interest rate for a loan if underwriting standards are met, but the commitment does not obligate the potential borrower to close on the loan. Accordingly, some IRLC expire prior to the funding of the related loan. For all IRLC issued in connection with potential loans intended for sale, which consist primarily of originated longer-term fixed rate residential home mortgage loans that qualify for secondary market sale, the Bank enters into one-to-one forward sales contracts on a best efforts basis (if the loan does not close for whatever reason, there is no obligation on WesBanco’s part to sell the loan to the investor). WesBanco enters into such contracts in order to control interest rate risk during the period between the IRLC and loan funding. The IRLC is executed between the mortgagee and WesBanco, and in turn a forward sales contract is executed between WesBanco and an investor. Both the IRLC and the corresponding forward sales contract for each customer are considered a derivative. As such, changes in the fair value of the derivatives during the commitment period are recorded in current earnings and included in other income in the Consolidated Statements of Income. The fair value of IRLC is the gain or loss that would be realized on the underlying loans assuming exercise of the commitments under current market rates versus the rate incorporated in the commitments, taking into consideration fallout. The fair value of forward sales contracts is based on quoted market prices. Since loans typically close before receipt of funding from an investor, they are accounted for at the lower of cost or market as “Loans Held for Sale” in the Consolidated Balance Sheets.

Income Taxes—The provision for income taxes included in the Consolidated Statements of Income includes both federal and state income taxes and is based on income in the financial statements, rather than amounts reported on WesBanco’s income tax returns. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. A test of the anticipated realizeability of deferred tax assets is performed at least annually.

Fair Value—The Accounting Standards Codification defines fair value as an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. Fair value measurements are not adjusted for transaction costs. The Codification also establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurement) and the lowest priority to unobservable inputs (Level 3 measurement). The three levels of the fair value hierarchy are described below:

Level 1—Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;

Level 2—Quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, or model-based valuation techniques where all significant assumptions are observable, either directly or indirectly, in the market;

Level 3—Valuation is generated from model-based techniques where all significant assumptions are not observable, either directly or indirectly, in the market. These unobservable assumptions reflect our own estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques may include use of discounted cash flow models and similar techniques.

A financial instrument’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement.

Earnings Per Common Share—Basic earnings per common share (“EPS”) are calculated by dividing net income available to common shareholders, by the weighted-average number of shares of common stock outstanding during the period. For diluted EPS, the weighted-average number of shares for the period is increased by the number of shares which would be issued assuming the exercise of in-the-money common stock options and any outstanding warrants. Restricted stock shares are recorded as issued and outstanding upon their grant, rather than upon vesting, and therefore are included in the weighted-average shares outstanding due to voting rights granted at the time restricted stock is granted.

Trust Assets—Assets held by the Bank in fiduciary or agency capacities for its customers are not included as assets in the Consolidated Balance Sheets. Certain money market trust assets are held on deposit at the Bank and are accounted for as such.

Stock-Based Compensation—Stock-based compensation awards granted, comprised of stock options and restricted stock, are valued at fair value and compensation cost is recognized on a straight-line basis, net of estimated forfeitures, over the requisite service period of each award. For service-based awards with graded vesting schedules, compensation expense is divided equally among the vesting periods with each separately vested portion of the award recognized in compensation expense on a straight-line basis over the requisite service period.

Defined Benefit Pension Plan—WesBanco recognizes in the statement of financial position an asset for the plan’s overfunded status or a liability for the plan’s underfunded status. WesBanco recognizes fluctuations in the funded status in the year in which the changes occur through other comprehensive income. Plan assets are determined based on fair value generally representing observable market prices. The projected benefit obligation is determined based on the present value of projected benefit distributions at an assumed discount rate. The discount rate utilized is based on a fitted yield curve approach whereby the yield curve compares the expected stream of future benefit payments for the plan to high quality corporate bonds available in the marketplace to determine an equivalent discount rate. Periodic pension expense includes service costs, interest costs based on an assumed discount rate, an expected return on plan assets based on an actuarially-derived market-related value, an assumed rate of annual compensation increase, and amortization or accretion of actuarial gains and losses as well as other actuarial assumptions. The plan has been closed to new entrants since August, 2007.

Recent Accounting Pronouncements—In November 2014, the Financial Accounting Standards Board (the “FASB”) issued an Accounting Standards Update (“ASU”) (ASU 2014-17) related to pushdown accounting. The amendments in this Update provide an acquired entity with an option to apply pushdown accounting in its separate financial statements upon occurrence of an event in which an acquirer obtains control of the acquired entity. An acquired entity may elect the option to apply pushdown accounting in the reporting period in which the change-in-control event occurs. An acquired entity should determine whether to elect to apply pushdown accounting for each individual change-in-control event in which an acquirer obtains control of the acquired entity. If pushdown accounting is not applied in the reporting period in which the change-in-control event occurs, an acquired entity will have the option to elect to apply pushdown accounting in a subsequent reporting period to the acquired entity’s most recent change-in-control event. An election to apply pushdown accounting in a reporting period after the reporting period in which the change-in-control event occurred should be considered a change in accounting principle in accordance with Topic 250, Accounting Changes and Error Corrections. If pushdown accounting is applied to an individual change-in-control event, that election is irrevocable. If an acquired entity elects the option to apply pushdown accounting in its separate financial statements, it should disclose information in the current reporting period that enables users of financial statements to evaluate the effect of pushdown accounting. The pronouncement is effective on November 18, 2014, after this date, an acquired entity can make an election to apply the guidance to future change-in-control events or to its most recent change-in-control event. However, if the financial statements for the period in which the most recent change-in-control event occurred already have been issued or made available to be issued, the application of this guidance would be a change in accounting principle. WesBanco will make an election to apply push down accounting guidance to future change-in-control events either in the reporting period in with they occur or in subsequent periods. The adoption of this pronouncement did not impact WesBanco’s Consolidated Financial Statements.

In August 2014, the FASB issued an accounting pronouncement (ASU 2014-14) related to the classification of certain government-guaranteed mortgage loans upon foreclosure. The amendments in this update require that a mortgage loan be derecognized and that a separate other receivable be recognized upon foreclosure if the following conditions are met: (1) The loan has a government guarantee that is not separable from the loan before foreclosure, (2) at the time of foreclosure, the creditor has the intent to convey the real estate property to the guarantor and make a claim on the guarantee, and the creditor has the ability to recover under that claim, (3) at the time of foreclosure, any amount of the claim that is determined on the basis of the fair value of the real estate is fixed. Upon foreclosure, the separate other receivable should be measured based upon the amount of the loan balance (principal and interest) expected to be recovered from the guarantor. The pronouncement is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2014 and may be adopted under either a modified retrospective transition method or a prospective transition method. However, the same method of transition as elected under ASU 2014-04 must be applied. Early adoption is permitted. The adoption of this pronouncement is not expected to have a material impact on WesBanco’s Consolidated Financial Statements.

In June 2014, the FASB issued an accounting pronouncement (ASU 2014-11) related to repurchase-to-maturity transactions, repurchase financing and disclosures. The pronouncement changes the accounting for repurchase-to-maturity transactions and linked repurchase financings to secured borrowing accounting, which is consistent with the accounting for other repurchase agreements. The pronouncement also requires two new disclosures. The first disclosure requires an entity to disclose information on transfers accounted for as sales in transactions that are economically similar to repurchase agreements. The second disclosure provides increased transparency about the types of collateral pledged in repurchase agreements and similar transactions accounted for as secured borrowings. The pronouncement is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. Early adoption is not permitted. The adoption of this pronouncement is not expected to have a material impact on WesBanco’s Consolidated Financial Statements.

In May 2014, the FASB issued an accounting pronouncement (ASU 2014-09) related to the recognition of revenue from contracts with customers. The new revenue pronouncement creates a single source of revenue guidance for all companies in all industries and is more principles-based than current revenue guidance. The pronouncement provides a five-step model for a company to recognize revenue when it transfers control of goods or services to customers at an amount that reflects the consideration to which it expects to be entitled in exchange for those goods or services. The five steps are (1) identify the contract with the customer, (2) identify the separate performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the separate performance obligations and (5) recognize revenue when each performance obligation is satisfied. The pronouncement is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2016 using either a full retrospective approach for all periods presented in the period of adoption or a modified retrospective approach. Early adoption is not permitted. WesBanco is currently evaluating the impact of the adoption of this pronouncement on its Consolidated Financial Statements.

In January 2014, the FASB issued an accounting pronouncement (ASU 2014-04) related to in-substance repossessions and foreclosures. The pronouncement clarifies when an in-substance repossession or foreclosure occurs. A creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additionally, the amendments require interim and annual disclosure of both (1) the amount of foreclosed residential real estate property held by the creditor and (2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction. The pronouncement is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2014 and may be adopted under either a modified retrospective transition method or a prospective transition method. Early adoption is permitted. The adoption of this pronouncement did not have a material impact on WesBanco’s Consolidated Financial Statements.

In January 2014, the FASB issued an accounting pronouncement (ASU 2014-01) which applies to all reporting entities that invest in qualified affordable housing projects through limited liability entities. The pronouncement permits reporting entities to make an accounting policy election to account for these investments using the proportional amortization method if certain conditions exist. The pronouncement also requires disclosure that enables users of its financial statements to understand the nature of these investments. Under the proportional amortization method, an entity amortizes the initial cost of the investment in proportion to the tax credits and other tax benefits received and recognizes the net investment performance in the income statement as a component of income tax expense (benefit). The pronouncement should be applied retrospectively for all periods presented, effective for annual periods and interim reporting periods within those annual periods, beginning after December 15, 2014. Early adoption is permitted. The adoption of this pronouncement is not expected to have a material impact on WesBanco’s Consolidated Financial Statements.

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Securities - Schedule of Fair Value of Available-for-Sale and Held-to-Maturity Securities by Contractual Maturity (Parenthetical) (Detail) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Amortized Cost and Fair Value Debt Securities [Abstract]
Held-to-maturity, Amortized Cost	$ 593,670	$ 598,520

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Certificates of Deposit - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Debt Disclosure [Abstract]
Certificates of deposit in denominations of $100 thousand or more	$ 706.1	$ 809.7
Interest expense on certificates of deposit of $100 thousand or more	$ 7.5	$ 13.0	$ 14.9

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Fair Value Measurement - Schedule of Fair Value of Assets and Liabilities Measured on Recurring and Nonrecurring Basis (Detail) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities - available-for-sale	$ 917,424	$ 934,386
Other real estate owned and repossessed assets	5,082	4,860
Loans held for sale	5,865	5,855
Recurring Fair Value Measurements [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities - available-for-sale	917,424	934,386
Total recurring fair value measurements	917,424	934,386
Nonrecurring Fair Value Measurements [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	6,024	1,543
Other real estate owned and repossessed assets	5,082	4,860
Loans held for sale	5,865	5,855
Total nonrecurring fair value measurements	16,971	12,258
Obligations of Government Agencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities - available-for-sale	87,736	73,232
Obligations of Government Agencies [Member] | Recurring Fair Value Measurements [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities - available-for-sale	87,736	73,232
Residential Mortgage-Backed Securities and Collateralized Mortgage Obligations of Government Agencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities - available-for-sale	701,113	694,267
Residential Mortgage-Backed Securities and Collateralized Mortgage Obligations of Government Agencies [Member] | Recurring Fair Value Measurements [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities - available-for-sale	701,113	694,267
Obligations of State and Political Subdivisions [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities - available-for-sale	91,433	116,346
Obligations of State and Political Subdivisions [Member] | Recurring Fair Value Measurements [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities - available-for-sale	91,433	116,346
Corporate Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities - available-for-sale	25,996	38,481
Corporate Debt Securities [Member] | Recurring Fair Value Measurements [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities - available-for-sale	25,996	38,481
Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities - available-for-sale	11,146	12,060
Equity Securities [Member] | Recurring Fair Value Measurements [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities - available-for-sale	11,146	12,060
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities - available-for-sale	8,440	9,962
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Recurring Fair Value Measurements [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities - available-for-sale	8,440	9,962
Total recurring fair value measurements	8,440	9,962
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Equity Securities [Member] | Recurring Fair Value Measurements [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities - available-for-sale	8,440	9,962
Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities - available-for-sale	908,984	924,424
Loans held for sale	5,865	5,855
Significant Other Observable Inputs (Level 2) [Member] | Recurring Fair Value Measurements [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities - available-for-sale	908,984	924,424
Total recurring fair value measurements	908,984	924,424
Significant Other Observable Inputs (Level 2) [Member] | Nonrecurring Fair Value Measurements [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale	5,865	5,855
Total nonrecurring fair value measurements	5,865	5,855
Significant Other Observable Inputs (Level 2) [Member] | Obligations of Government Agencies [Member] | Recurring Fair Value Measurements [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities - available-for-sale	87,736	73,232
Significant Other Observable Inputs (Level 2) [Member] | Residential Mortgage-Backed Securities and Collateralized Mortgage Obligations of Government Agencies [Member] | Recurring Fair Value Measurements [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities - available-for-sale	701,113	694,267
Significant Other Observable Inputs (Level 2) [Member] | Obligations of State and Political Subdivisions [Member] | Recurring Fair Value Measurements [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities - available-for-sale	91,433	116,346
Significant Other Observable Inputs (Level 2) [Member] | Corporate Debt Securities [Member] | Recurring Fair Value Measurements [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities - available-for-sale	25,996	38,481
Significant Other Observable Inputs (Level 2) [Member] | Equity Securities [Member] | Recurring Fair Value Measurements [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities - available-for-sale	2,706	2,098
Significant Unobservable Inputs (Level 3) [Member] | Nonrecurring Fair Value Measurements [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	6,024	1,543
Other real estate owned and repossessed assets	5,082	4,860
Total nonrecurring fair value measurements	$ 11,106	$ 6,403

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Loans and the Allowance for Credit Losses - Summary of Impaired Loans (Detail) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance, With no specific allowance recorded	$ 45,474	$ 53,940
Total impaired loans, Unpaid principal balance	55,296	56,215
Recorded Investment, With no specific allowance recorded	41,062	49,219
Total impaired loans, Recorded investment	50,884	51,494
Unpaid Principal Balance, With a specific allowance recorded	9,822	2,275
Recorded Investment, With a specific allowance recorded	9,822	2,275
Related Allowance, With a specific allowance recorded	3,798	732
Average recorded investment, with no related specific allowance	45,514	54,565	61,483
Interest income recognized, With no related specific allowance	1,606	1,769	1,710
Average recorded investment, With a specific allowance recorded	4,870	4,289	10,276
Interest income recognized, With a specific allowance recorded	443	111	250
Total impaired loans, Average recorded investment	50,384	58,854	71,759
Total impaired loans, Interest income recognized	2,049	1,880	1,960
Commercial Real Estate - Land and Construction [Member]
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance, With no specific allowance recorded	1,588	2,663
Recorded Investment, With no specific allowance recorded	1,488	2,564
Average recorded investment, with no related specific allowance	1,977	4,552	9,054
Interest income recognized, With no related specific allowance	35	87	157
Average recorded investment, With a specific allowance recorded		1,234	2,888
Interest income recognized, With a specific allowance recorded			54
Commercial Real Estate - Improved Property [Member]
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance, With no specific allowance recorded	16,480	21,421
Recorded Investment, With no specific allowance recorded	14,684	19,628
Unpaid Principal Balance, With a specific allowance recorded	7,980	729
Recorded Investment, With a specific allowance recorded	7,980	729
Related Allowance, With a specific allowance recorded	2,765	51
Average recorded investment, with no related specific allowance	17,669	22,702	28,493
Interest income recognized, With no related specific allowance	441	610	632
Average recorded investment, With a specific allowance recorded	2,795	2,746	7,388
Interest income recognized, With a specific allowance recorded	348	22	196
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance, With no specific allowance recorded	3,152	3,773
Recorded Investment, With no specific allowance recorded	2,597	3,249
Unpaid Principal Balance, With a specific allowance recorded	1,842	1,546
Recorded Investment, With a specific allowance recorded	1,842	1,546
Related Allowance, With a specific allowance recorded	1,033	681
Average recorded investment, with no related specific allowance	3,561	3,757	6,408
Interest income recognized, With no related specific allowance	103	112	123
Average recorded investment, With a specific allowance recorded	2,075	309
Interest income recognized, With a specific allowance recorded	95	89
Residential Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance, With no specific allowance recorded	20,077	22,006
Recorded Investment, With no specific allowance recorded	18,544	20,090
Average recorded investment, with no related specific allowance	18,829	19,915	15,724
Interest income recognized, With no related specific allowance	855	803	639
Home Equity [Member]
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance, With no specific allowance recorded	2,890	2,675
Recorded Investment, With no specific allowance recorded	2,663	2,506
Average recorded investment, with no related specific allowance	2,356	2,262	1,324
Interest income recognized, With no related specific allowance	75	68	64
Consumer [Member]
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance, With no specific allowance recorded	1,287	1,402
Recorded Investment, With no specific allowance recorded	1,086	1,182
Average recorded investment, with no related specific allowance	1,122	1,377	480
Interest income recognized, With no related specific allowance	$ 97	$ 89	$ 95

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Transactions with Related Parties

12 Months Ended

Dec. 31, 2014

Related Party Transactions [Abstract]

Transactions with Related Parties

NOTE 18. TRANSACTIONS WITH RELATED PARTIES

Certain directors and officers (including their affiliates, families and entities in which they are principal owners) of WesBanco and its subsidiaries are customers of, or suppliers to, those subsidiaries and have had, and are expected to have, transactions with the subsidiaries in the ordinary course of business. In addition, certain directors are also directors or officers of corporations that are customers of, or suppliers to, the Bank and have had, and are expected to have, transactions with the Bank in the ordinary course of business. In the opinion of management, such transactions are consistent with prudent banking practices and are within applicable banking regulations. Indebtedness of related parties aggregated approximately $4.4 million, $4.7 million and $4.5 million as of December 31, 2014, 2013, and 2012, respectively. During 2014, $1.6 million in related party loans were funded and $1.9 million were repaid or no longer related. At December 31, 2014, 2013 and 2012, none of the outstanding related party loans were past due 90 days or more, on non-accrual, or considered to be a TDR.

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Wesbanco Bank Community Development Corporation - Schedule of Condensed Balance Sheet (Parenthetical) (Detail) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Schedule Of Subsidiary Financial Statements Table [Line Items]
Allowance for loan losses	$ 44,654	$ 47,368	$ 52,699	$ 54,810
WBCDC [Member]
Schedule Of Subsidiary Financial Statements Table [Line Items]
Allowance for loan losses	$ 249

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Subsequent Events - Additional Information (Detail) (ESB Financial Corporation [Member], USD $)	12 Months Ended	0 Months Ended
	Dec. 31, 2014	Feb. 10, 2015
Subsequent Events [Line Items]
Total Assets	$ 1,900,000,000
Loans	700,000,000
Securities	1,100,000,000
Merger related expense	1,300,000
Subsequent Event [Member]
Subsequent Events [Line Items]
Value of acquisition		340,000,000
Number of common stock shares issued		9,200,000
Cash consideration for outstanding shares		$ 37,200,000

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Condensed Parent Company Financial Statements - Schedule of Condensed Cash Flow Statement (Detail) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
OPERATING ACTIVITIES
Net income	$ 69,974	$ 63,925	$ 49,544
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed net income	(900)	(1,200)	(1,500)
Gain on securities	(903)	(684)	(2,463)
Decrease (increase) in other assets	10,205	26,371	5,212
Other-net	5,328	2,251	2,663
INVESTING ACTIVITIES
Proceed from sales -securities available-for-sale	16,249	9,265	202,810
Acquisitions and additional capitalization of subsidiaries, net of cash acquired			(15,448)
FINANCING ACTIVITIES
Issuance of common stock		2,539	38
Treasury shares sold (purchased)-net	1,918	(6,170)	(24)
Net decrease in cash and cash equivalents	(1,549)	(30,054)	(14,720)
Cash and cash equivalents at beginning of the year	95,551	125,605	140,325
Cash and cash equivalents at end of the year	94,002	95,551	125,605
Parent Company [Member]
OPERATING ACTIVITIES
Net income	69,974	63,925	49,544
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed net income	(13,118)	(24,476)	(17,113)
Gain on securities	(745)	(6)	(11)
Decrease (increase) in other assets	1,908	(1,957)	129
Other-net	1,968	1,975	(13)
Net cash provided by operating activities	59,987	39,461	32,536
INVESTING ACTIVITIES
Proceed from sales -securities available-for-sale	1,990	1,009	591
Acquisitions and additional capitalization of subsidiaries, net of cash acquired		(104)	(23,467)
Net cash provided by (used in) investing activities	1,990	905	(22,876)
FINANCING ACTIVITIES
Repayment of junior subordinated debt		(7,732)
Issuance of common stock		2,539	38
Treasury shares sold (purchased)-net	1,918	(6,170)	(24)
Dividends paid to common and preferred shareholders	(25,136)	(22,243)	(18,119)
Net cash used in financing activities	(23,218)	(33,606)	(18,105)
Net decrease in cash and cash equivalents	38,759	6,760	(8,445)
Cash and cash equivalents at beginning of the year	22,973	16,213	24,658
Cash and cash equivalents at end of the year	$ 61,732	$ 22,973	$ 16,213

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Loans and the Allowance for Credit Losses - Summary of Other Real Estate Owned and Repossessed Assets (Detail) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Receivables [Abstract]
Other real estate owned	$ 4,920	$ 4,689
Repossessed assets	162	171
Total other real estate owned and repossessed assets	$ 5,082	$ 4,860

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Goodwill And Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

WesBanco's Capitalized Other Intangible Assets and Related Accumulated Amortization

The following table shows WesBanco’s capitalized other intangible assets and related accumulated amortization:

	December 31,
(in thousands)	2014			2013
Other intangible assets:
Gross carrying amount	$	38,048		$	38,048
Accumulated amortization		(30,640	)		(28,720	)
Net carrying amount of other intangible assets	$	7,408		$	9,328

Schedule of Future Amortization on Intangible Assets

The following table shows the amortization on WesBanco’s other intangible assets for each of the next five years (in thousands):

Year	Amount
2015	$	1,634
2016		1,401
2017		1,179
2018		965
2019		767

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Employee Benefit Plans

12 Months Ended

Dec. 31, 2014

Compensation and Retirement Disclosure [Abstract]

Employee Benefit Plans

NOTE 11. EMPLOYEE BENEFIT PLANS

Defined Benefit Pension Plan—The WesBanco, Inc. Defined Benefit Pension Plan (“the Plan”) established on January 1, 1985, is a non-contributory, defined benefit pension plan. The Plan covers all employees of WesBanco and its subsidiaries who were hired on or before August 1, 2007 who satisfy minimum age and length of service requirements. Benefits of the Plan are generally based on years of service and the employee’s compensation during the last five years of employment. Contributions are intended to provide not only for benefits attributed to service to date, but also for those expected to be earned in the future. WesBanco uses a December 31 measurement date for the Plan.

The benefit obligations and funded status of the Plan are as follows:

	December 31,
(dollars in thousands)	2014			2013
Accumulated benefit obligation at end of year	$	103,447		$	81,478
Change in projected benefit obligation:
Projected benefit obligation at beginning of year	$	90,640		$	94,502
Service cost		2,909			3,120
Interest cost		4,745			4,096
Actuarial (gain) loss		25,392			(8,286	)
Benefits paid		(5,425	)		(2,792	)
Projected benefit obligation at end of year	$	118,261		$	90,640
Change in fair value of plan assets:
Fair value of plan assets at beginning of year	$	100,274		$	82,608
Actual return on plan assets		7,688			15,458
Employer contribution		7,500			5,000
Benefits paid		(5,425	)		(2,792	)
Fair value of plan assets at end of year	$	110,037		$	100,274
Amounts recognized in the statement of financial position:
Funded status	$	(8,224	)	$	9,634
Net amounts recognized as (payable) receivable pension costs in the consolidated balance sheets	$	(8,224	)	$	9,634
Amounts recognized in accumulated other comprehensive income consist of:
Unrecognized prior service cost	$	182		$	227
Unrecognized net loss		35,834			12,371
Net amounts recognized in accumulated other comprehensive income (before tax)	$	36,016		$	12,598
Weighted average assumptions used to determine benefit obligations:
Discount rate		4.33	%		5.17	%
Rate of compensation increase		3.77	%		3.97	%
Expected long-term return on assets		7.00	%		7.25	%

The components of and weighted-average assumptions used to determine net periodic benefit costs are as follows:

	For the years ended December 31,
(dollars in thousands)	2014			2013			2012
Components of net periodic benefit cost:
Service cost	$	2,909		$	3,120		$	2,737
Interest cost		4,745			4,096			3,882
Expected return on plan assets		(7,229	)		(5,993	)		(5,541	)
Amortization of prior service cost		45			45			45
Amortization of net loss		1,471			3,534			2,287
Net periodic pension cost	$	1,941		$	4,802		$	3,410
Other changes in plan assets and benefit obligations recognized in other comprehensive income:
Net (gain) loss for period	$	24,934		$	(17,751	)	$	12,143
Amortization of prior service cost		(45	)		(45	)		(45	)
Amortization of net loss		(1,471	)		(3,534	)		(2,287	)
Total recognized in other comprehensive income	$	23,418		$	(21,330	)	$	9,811
Total recognized in net periodic pension cost and other comprehensive income	$	25,359		$	(16,528	)	$	13,221
Weighted-average assumptions used to determine net periodic pension cost:
Discount rate		5.17	%		4.36	%		5.11	%
Rate of compensation increase		3.97	%		3.00	%		3.00	%
Expected long-term return on assets		7.25	%		7.25	%		7.75	%

The estimated net loss and prior service credit for the Plan that will be amortized from accumulated other comprehensive income into the net periodic pension cost over the next fiscal year are $3.6 million and $26 thousand, respectively. Unrecognized prior service cost and unrecognized net losses are amortized on a straight-line basis. All unrecognized net losses are being amortized over the average remaining service period of approximately 10 years.

The expected long-term rate of return for the Plan’s total assets is based on the expected return of each of the Plan asset categories, weighted based on the median of the target allocation for each class. The rate will remain unchanged for 2015.

Pension Plan Investment Policy and Strategy—The investment policy as established by the Retirement Plans Committee, to be followed by the Trustee, which is WesBanco’s Trust and Investment Services department, is to invest assets based on the target allocations shown in the table below. Assets are reallocated periodically by the Trustee based on the ranges set forth by the Retirement Plans Committee to meet the target allocations. The investment policy is also subject to review periodically to determine if the policy should be changed. Plan assets are to be invested with the principal objective of maximizing long-term total return without exposing Plan assets to undue risk, taking into account the Plan’s funding needs and benefit obligations. Assets are to be invested in a balanced portfolio composed primarily of equities, fixed income and cash or cash equivalent money market investments.

A maximum of 5% may be invested in any one stock. Foreign stocks may be included, either through direct investment or by the purchase of mutual funds which invest in foreign stock. WesBanco common stock can represent up to 10% of the total market value. Corporate bonds selected for purchase must be rated Baa1 by Moody’s or BBB+ by Standard and Poor’s or higher. No more than 5% shall be invested in bonds or notes issued by the same corporation with a maximum term of twenty years. There is no limit on the holdings of U.S. Treasury or Federal Agency Securities. At December 31, 2014 and 2013 the Plan’s equity securities included 55,300 shares of WesBanco common stock with a fair market value of $1.9 million and $1.8 million, respectively.

The following table sets forth the Plan’s weighted-average asset allocations by asset category:

	Target Allocation for 2014		December 31,
			2014			2013
Asset Category:
Equity securities		55 - 75%		65	%		68	%
Debt securities		25 - 55%		32	%		30	%
Cash and cash equivalents		0 - 5%		3	%		2	%
Total				100	%		100	%

The fair values of WesBanco’s pension plan assets at December 31, 2014 and 2013, by asset category are as follows:

			December 31, 2014
			Fair Value Measurements Using:
(in thousands)	Assets at Fair     Value		Quoted Prices in     Active Markets  for Identical Assets (Level 1)		Significant Other     Observable     Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Defined benefit pension plan assets:
Registered investment companies	$	17,182	$	17,182	$	—	$	—
Equity securities		65,869		65,869		—		—
Corporate debt securities		15,726		—		15,726		—
Municipal obligations		2,178		—		2,178		—
Residential mortgage-backed securities and collateralized mortgage obligations of government agencies		13,261		—		13,261		—
Total defined benefit pension plan assets (1)	$	114,216	$	83,051	$	31,165	$	—

(1) The defined benefit pension plan statement of net assets also includes cash, accrued interest and dividends, and due to/from brokers resulting in net assets available for benefits of $110.0 million.

			December 31, 2013
			Fair Value Measurements Using:
(in thousands)	Assets at Fair     Value		Quoted Prices in     Active Markets  for Identical Assets (Level 1)		Significant Other     Observable     Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Defined benefit pension plan assets:
Registered investment companies	$	9,716	$	9,716	$	—	$	—
Equity securities		64,804		64,804		—		—
Corporate debt securities		12,752		—		12,752		—
Municipal obligations		2,041		—		2,041		—
Residential mortgage-backed securities and collateralized mortgage obligations of government agencies		11,450		—		11,450		—
Total defined benefit pension plan assets (1)	$	100,763	$	74,520	$	26,243	$	—

(1) The defined benefit pension plan statement of net assets also includes cash, accrued interest and dividends, and due to/from brokers resulting in net assets available for benefits of $100.3 million.

Registered investment companies and equity securities: Valued at the closing price reported on the active market on which the individual securities are traded.

Corporate debt securities, municipal obligations, and U.S. government agency securities: Valued at fair value based on models that consider criteria such as dealer quotes, available trade data, issuer creditworthiness, market movements, sector news, and bond and swap yield curves.

Cash Flows—WesBanco has no required minimum contribution to the Plan for 2015 and as of December 31, 2014 and expects to make a voluntary contribution of $7.5 million in 2015. WesBanco contributed $7.5 million, $5.0 million and $5.0 million for the years ended December 31, 2014, 2013 and 2012, respectively.

The following table presents estimated benefits to be paid in each of the next five years and in the aggregate for the five years thereafter (in thousands):

Year	Amount
2015	$	3,409
2016		3,703
2017		4,006
2018		4,353
2019		4,681
2020 to 2024		29,936

Employee Stock Ownership and 401(k) Plan (“KSOP”)—WesBanco sponsors a KSOP plan consisting of a non-contributory leveraged ESOP and a contributory 401(k) profit sharing plan covering substantially all of its employees. Under the provisions of the 401(k) plan, WesBanco matches a portion of eligible employee contributions based on rates established and approved by the Board of Directors. For each of the past three years, WesBanco matched 100% of the first 3% and 50% of the next 2% of eligible employee contributions. No ESOP contribution has been made for any of the past three years.

As of December 31, 2014, the KSOP held 542,695 shares of WesBanco common stock of which all shares were allocated to specific employee accounts. Dividends on shares are either distributed to employee accounts or paid in cash to the participant. Total expense for the KSOP was $2.2 million, $2.1 million, and $1.8 million in 2014, 2013 and 2012, respectively. WesBanco had 519,773 and 558,993 shares remaining for future issuance under the KSOP plan at December 31, 2014 and 2013, respectively.

Incentive Bonus, Option and Restricted Stock Plan—The Incentive Bonus, Option and Restricted Stock Plan (the “Incentive Plan”), is a non-qualified plan that includes the following components: an Annual Bonus, a Long-Term Incentive Bonus, a Stock Option component, and a Restricted Stock component. The components allow for payments of cash, a mixture of cash and stock, granting of stock options, or granting of restricted stock, depending upon the component of the Incentive Plan in which the award is earned through the attainment of certain performance goals or on a time-based vesting requirement. Performance goals or service vesting requirements are established by WesBanco’s Compensation Committee. WesBanco had 443,388 and 568,228 shares remaining for future issuance under equity compensation plans at December 31, 2014 and 2013, respectively.

Annual Bonus

Compensation expense for the Annual Bonus was $1.5 million, $1.3 million and $1.3 million for 2014, 2013, and 2012, respectively. There was no Long-Term Incentive Bonus granted for any of these periods.

Stock Options

On May 21, 2014, WesBanco granted 83,800 stock options to selected participants, including certain named executive officers at an exercise price of $28.79 per share. The options granted in 2014 are service-based and vest in two equal installments on December 31, 2014 and December 31, 2015, and expire seven years from the date of grant.

Compensation expense for the stock option component of the Incentive Plan was $0.4 million and $0.3 million for 2014 and 2013, respectively. At December 31, 2014, the total unrecognized compensation expense related to non-vested stock option grants totaled $0.2 million with an expense recognition period of one year remaining. The maximum term of options granted under WesBanco’s stock option plan is ten years from the original grant date.

The total intrinsic value of options exercised for each of the years ended December 31, 2014 and 2013 was $0.6 million and $0.8 million, respectively. The cash received and related tax benefit realized from stock options exercised was $1.9 million and $0.2 million in 2014 and was $2.6 million and $0.3 million in 2013. Shares issued in connection with options exercised are issued from treasury shares acquired under WesBanco’s share repurchase plans or from issuance of authorized but unissued shares, subject to prior SEC registration.

The fair value of stock options granted is estimated at the date of grant using the Black-Scholes option-pricing model. This model requires the input of highly subjective assumptions, changes to which can materially affect the fair value estimate. Additionally, there may be other factors that might otherwise have a significant effect on the value of stock options granted that are not considered by the model.

The following table sets forth the significant assumptions used in calculating the fair value of the grants:

	For the years ended December 31,
	2014			2013			2012
Weighted-average life		4.8 years			4.5 years			4.9 years
Risk-free interest rate		1.37	%		0.74	%		0.73	%
Dividend yield		3.06	%		3.04	%		3.40	%
Volatility factor		28.82	%		32.31	%		32.30	%
Fair value of the grants	$	5.41		$	5.05		$	3.96

The weighted-average life assumption is an estimate of the length of time that an employee might hold an option before option exercise, option expiration or employment termination. The weighted-average life assumption was developed using historical experience. WesBanco used a weighted historical volatility of its common stock price over the weighted average life prior to each issuance as the volatility factor assumption, adjusted for abnormal volatility during certain periods, and current and future dividend payment expectations for the dividend assumption.

The following table shows the activity for the Stock Option component of the Incentive Plan:

	For the year ended December 31, 2014
	Number of Options			Weighted Average Exercise Price Per Share
Outstanding at beginning of the year		297,761		$	23.62
Granted during the year		83,800			28.79
Exercised during the year		(82,659	)		23.46
Forfeited or expired during the year		(40,452	)		29.93
Outstanding at end of the year		258,450		$	24.36
Exercisable at year end		216,550		$	23.51

The aggregate intrinsic value of the outstanding shares and the shares exercisable at year end was $2.7 million and $2.4 million, respectively.

The following table shows the average remaining life of the stock options at December 31, 2014:

Year Issued	Exercisable at Year End		Exercise Price Range Per Share		Options Outstanding		Weighted Average Exercise Price		Weighted Avg. Remaining Contractual Life in Years
2008		19,950	$	21.72		19,950	$	21.72		0.39
2010		18,675		19.27		18,675		19.27		2.38
2011		24,250		19.76		24,250		19.76		3.38
2012		36,750		20.02		36,750		20.02		4.38
2013		75,025		25.00		75,025		25.00		5.38
2014		41,900		28.79		83,800		28.79		6.39
Total		216,550	$	19.27 to $28.79		258,450	$	24.36		4.77

Restricted Stock

During 2014, WesBanco granted 42,540 shares of restricted stock to certain officers. The restricted shares are service-based and cliff vest 36 months from the date of grant. The weighted average fair value of the restricted stock granted was $28.64 per share. Compensation expense relating to all restricted stock was $1.0 million, $0.8 million, and $0.6 million in 2014, 2013 and 2012, respectively. At December 31, 2014, the total unrecognized compensation expense related to non-vested restricted stock grants totaled $1.4 million with a weighted average expense recognition period of 1.5 years remaining. The restricted stock grant provides the recipient with voting rights from the date of issuance. Dividends paid on the restricted shares during the restriction period are converted into additional shares of restricted stock on the date the cash dividend would have otherwise been paid, but do not vest until the related grant of the restricted shares complete their vesting. The Compensation Committee has discretion to elect to pay such dividends to participants.

The following table shows the activity for the Restricted Stock component of the Incentive Plan:

For the year ended December 31, 2014	Restricted Stock			Weighted Average Grant Date Fair Value Per Share
Non-vested at January 1, 2014		91,194		$	23.20
Granted during the year		42,540			28.64
Vested during the year		(1,749	)		20.64
Forfeited or expired during the year		(1,583	)		20.28
Dividend reinvestment		3,066			31.40
Non-vested at end of the year		133,468		$	25.19

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Income Taxes - Provision for Income Taxes Applicable to Income Before Taxes (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended								12 Months Ended
	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Current:
Federal									$ 13,346	$ 12,399	$ 12,275
State									1,684	1,837	1,393
Deferred:
Federal									8,337	6,267	(119)
State									353	260	39
Total	$ 5,182	$ 6,358	$ 6,520	$ 5,659	$ 4,948	$ 4,884	$ 6,176	$ 4,754	$ 23,720	$ 20,763	$ 13,588