XML 34 R24.htm IDEA: XBRL DOCUMENT v3.21.2
Benefit Plans (Tables)
6 Months Ended
Jun. 30, 2021
Compensation And Retirement Disclosure [Abstract]  
Schedule of Defined Benefit Pension Plan

The following table presents the net periodic pension income for Wesbanco’s Defined Benefit Pension Plan (the “Plan”) and the related components:

 

 

 

For the Three Months

Ended June 30,

 

 

For the Six Months

Ended June 30,

 

(unaudited, in thousands)

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Service cost – benefits earned during year

 

$

623

 

 

$

568

 

 

$

1,239

 

 

$

1,136

 

Interest cost on projected benefit obligation

 

 

852

 

 

 

1,121

 

 

 

1,694

 

 

 

2,242

 

Expected return on plan assets

 

 

(2,794

)

 

 

(2,594

)

 

 

(5,557

)

 

 

(5,188

)

Amortization of prior service cost

 

 

(9

)

 

 

(9

)

 

 

(17

)

 

 

(18

)

Amortization of net loss

 

 

682

 

 

 

794

 

 

 

1,357

 

 

 

1,587

 

Net periodic pension income

 

$

(646

)

 

$

(120

)

 

$

(1,284

)

 

$

(241

)