Signatures
|
3
|
|
Report of Independent Registered Public Accounting Firm
|
5
|
|
Financial Statements:
|
||
Statements of Net Assets Available for Benefits
|
6
|
|
Statements of Changes in Net Assets Available for Benefits
|
7
|
|
Notes to the Financial Statements
|
8
|
|
Supplemental Schedules:
|
||
Schedule H, Line 4i – Schedule of Assets (Held at Year End)
|
19
|
|
Schedule H, Line 4j – Schedule of Reportable Transactions
|
20
|
|
Exhibit Index
|
21
|
Note:
|
Other schedules required by Section 2520.103-10 of the Department of Labor’s Rules and Regulations for reporting and disclosure under the Employee Retirement Income Security Act of 1974 have been omitted because they are not applicable.
|
December 31,
|
||||||||
2013
|
2012
|
|||||||
ASSETS
|
||||||||
Investments, at fair value:
|
||||||||
|
Registered investment companies
|
$50,354,061
|
$39,140,068
|
|||||
WesBanco, Inc. common stock
|
21,071,084
|
16,047,778
|
||||||
Money market fund
|
6,371,108
|
5,810,517
|
||||||
Total investments
|
77,796,253
|
60,998,363
|
||||||
Receivables:
|
||||||||
Contributions receivable - Employee
|
112,502
|
110,649
|
||||||
Contributions receivable - Employer
|
64,597
|
62,088
|
||||||
Loans to participants
|
2,119,661
|
1,903,386
|
||||||
Accrued dividends
|
131,366
|
130,505
|
||||||
Total receivables
|
2,428,126
|
2,206,628
|
||||||
Total assets
|
80,224,379
|
63,204,991
|
||||||
LIABILITIES
|
-
|
-
|
||||||
Net assets available for benefits
|
$80,224,379
|
$63,204,991
|
For the Years Ended December 31,
|
||||||||
2013
|
2012
|
|||||||
ADDITIONS
|
||||||||
Investment income:
|
||||||||
Interest and dividends
|
$ 2,541,770
|
$ 1,556,008
|
||||||
Net appreciation in fair value of investments
|
13,903,565
|
5,597,744
|
||||||
Total investment income
|
16,445,335
|
7,153,752
|
||||||
Contributions:
|
||||||||
Employer
|
2,071,913
|
1,895,834
|
||||||
Employee
|
4,383,131
|
3,502,991
|
||||||
Total contributions
|
6,455,044
|
5,398,825
|
||||||
Total additions
|
22,900,379
|
12,552,577
|
||||||
DEDUCTIONS
|
||||||||
Distributions to participants
|
5,863,332
|
4,133,152
|
||||||
Other expense
|
17,659
|
4,907
|
||||||
Total deductions
|
5,880,991
|
4,138,059
|
||||||
Net increase
|
17,019,388
|
8,414,518
|
||||||
Net assets available for benefits:
|
||||||||
Beginning of year
|
63,204,991
|
54,790,473
|
||||||
End of year
|
$ 80,224,379
|
$ 63,204,991
|
2013
|
2012
|
||||||||||
Net
|
Net
|
||||||||||
Fair
|
Appreciation
|
Fair
|
Appreciation
|
||||||||
Value
|
(Depreciation)
|
Value
|
(Depreciation)
|
||||||||
Participant-directed investments:
|
|||||||||||
Registered investment companies - mutual funds:
|
|||||||||||
American Balanced R4
|
*
|
$ 4,726,649
|
$ 753,166
|
*
|
$ 3,699,660
|
$ 397,284
|
|||||
American Century Equity Income
|
3,737,040
|
213,156
|
1,723,935
|
110,986
|
|||||||
American EuroPacific Growth R4
|
3,464,400
|
546,501
|
2,985,210
|
445,049
|
|||||||
American Growth Funds of America R4
|
*
|
4,691,851
|
931,849
|
*
|
3,408,524
|
571,750
|
|||||
American Small Cap World R4
|
3,095,155
|
477,839
|
1,084,405
|
163,124
|
|||||||
BlackRock GNMA Service
|
543,833
|
(39,415)
|
607,631
|
(10,009)
|
|||||||
BlackRock S&P 500 Stock Fund
|
2,898,472
|
440,077
|
-
|
-
|
|||||||
Davis New York Venture Fund Adv.
|
-
|
92,326
|
1,160,519
|
80,794
|
|||||||
Federated Total Return Government Bond
|
793,184
|
(51,178)
|
935,770
|
(16,069)
|
|||||||
Fidelity Advisor Small Cap A
|
*
|
4,719,762
|
462,551
|
1,993,647
|
103,333
|
||||||
PIMCO Total Return
|
2,566,211
|
(129,914)
|
2,348,978
|
52,680
|
|||||||
BlackRock Index Equity
|
-
|
185,247
|
2,036,180
|
239,645
|
|||||||
Royce Low Price Stock
|
-
|
106,690
|
1,447,306
|
(36,479)
|
|||||||
T. Rowe Price Growth Stock Fund Adv.
|
3,468,563
|
935,106
|
2,368,022
|
350,037
|
|||||||
T. Rowe Midcap Value
|
847,923
|
141,102
|
486,451
|
32,827
|
|||||||
T. Rowe Price Target Retirement 2010 Fund Adv.
|
1,330,901
|
91,429
|
1,152,150
|
90,434
|
|||||||
T. Rowe Price Target Retirement 2020 Fund Adv.
|
2,425,261
|
239,424
|
1,511,933
|
142,081
|
|||||||
T. Rowe Price Target Retirement 2030 Fund Adv.
|
1,895,846
|
251,528
|
1,144,780
|
114,777
|
|||||||
T. Rowe Price Target Retirement 2040 Fund Adv.
|
1,177,711
|
179,134
|
677,075
|
72,913
|
|||||||
T. Rowe Price Target Retirement 2050 Fund Adv.
|
1,026,849
|
170,993
|
716,693
|
76,783
|
|||||||
Third Avenue Value Fund
|
-
|
119,664
|
1,360,374
|
262,125
|
|||||||
WesMark Bond Fund
|
1,197,532
|
(75,802)
|
1,763,028
|
6,504
|
|||||||
WesMark Growth Fund
|
*
|
5,154,814
|
1,217,233
|
*
|
4,123,524
|
351,114
|
|||||
WesMark Small Company Fund
|
592,104
|
149,612
|
404,273
|
(3,269)
|
|||||||
Total registered investment companies - mutual funds
|
50,354,061
|
7,408,318
|
39,140,068
|
3,598,414
|
|||||||
Common stock:
|
|||||||||||
WesBanco, Inc. Common Stock
|
*
|
21,071,084
|
6,495,249
|
*
|
16,047,778
|
1,999,331
|
|||||
Money market fund:
|
|||||||||||
PNC Money Market Service Class Unitized Trust
|
*
|
6,371,108
|
(2)
|
*
|
5,810,517
|
(1)
|
|||||
Total investments
|
$ 77,796,253
|
$ 13,903,565
|
$ 60,998,363
|
$ 5,597,744
|
|||||||
*
|
The fair value of these individual investments represents 5% or more of the Plan's net assets.
|
Assets at Fair Value as of December 31, 2013
|
||||||||
Level 1
|
Level 2
|
Level 3
|
Total
|
|||||
Registered investment companies
|
||||||||
Fixed income
|
$ 5,100,760
|
$ -
|
$ -
|
$ 5,100,760
|
||||
Balanced and lifestyle
|
12,583,217
|
-
|
-
|
12,583,217
|
||||
Large cap growth
|
8,160,414
|
-
|
-
|
8,160,414
|
||||
Large cap value
|
3,737,040
|
-
|
-
|
3,737,040
|
||||
Large cap blend
|
8,053,286
|
-
|
-
|
8,053,286
|
||||
Mid cap value
|
847,923
|
-
|
-
|
847,923
|
||||
Small cap growth
|
5,311,866
|
-
|
-
|
5,311,866
|
||||
International
|
3,464,400
|
-
|
-
|
3,464,400
|
||||
Worldwide
|
3,095,155
|
-
|
-
|
3,095,155
|
||||
Total registered investment companies
|
50,354,061
|
-
|
-
|
50,354,061
|
||||
Equity securities
|
21,071,084
|
-
|
-
|
21,071,084
|
||||
Money market fund
|
-
|
6,371,108
|
-
|
6,371,108
|
||||
Total investments at fair value
|
$71,425,145
|
$ 6,371,108
|
$ -
|
$ 77,796,253
|
Assets at Fair Value as of December 31, 2012
|
||||||||
Level 1
|
Level 2
|
Level 3
|
Total
|
|||||
Registered investment companies
|
||||||||
Fixed income
|
$ 5,655,407
|
$ -
|
$ -
|
$ 5,655,407
|
||||
Balanced and lifestyle
|
8,902,291
|
-
|
-
|
8,902,291
|
||||
Large cap growth
|
5,776,546
|
-
|
-
|
5,776,546
|
||||
Large cap value
|
2,884,454
|
-
|
-
|
2,884,454
|
||||
Large cap blend
|
6,159,704
|
-
|
-
|
6,159,704
|
||||
Mid cap value
|
486,451
|
-
|
-
|
486,451
|
||||
Small cap growth
|
2,397,920
|
-
|
-
|
2,397,920
|
||||
Small cap value
|
1,447,306
|
-
|
-
|
1,447,306
|
||||
International
|
2,985,210
|
-
|
-
|
2,985,210
|
||||
Worldwide
|
2,444,779
|
-
|
-
|
2,444,779
|
||||
Total registered investment companies
|
39,140,068
|
-
|
-
|
39,140,068
|
||||
Equity securities
|
16,047,778
|
-
|
-
|
16,047,778
|
||||
Money market fund
|
-
|
5,810,517
|
5,810,517
|
|||||
Total investments at fair value
|
$55,187,846
|
$ 5,810,517
|
$ -
|
$ 60,998,363
|
December 31,
|
||
2013
|
2012
|
|
Net assets available for benefits per the financial statements
|
$ 80,224,379
|
$ 63,204,991
|
Less: Amount allocated to withdrawing participants
|
(1,012,256)
|
(102,042)
|
Net assets available for benefits per Form 5500
|
$ 79,212,123
|
$ 63,102,949
|
For the year ended
|
|
December 31, 2013
|
|
Benefits paid to participants per the financial statements
|
$ 5,863,332
|
Add: Amounts allocated to withdrawing participants at December 31, 2013
|
1,012,256
|
Less: Amounts allocated to withdrawing participants at December 31, 2012
|
(102,042)
|
Benefits paid to participants per the Form 5500
|
$ 6,773,546
|
For the year ended
|
|
December 31, 2012
|
|
Benefits paid to participants per the financial statements
|
$ 4,133,152
|
Add: Amounts allocated to withdrawing participants at December 31, 2012
|
102,042
|
Less: Amounts allocated to withdrawing participants at December 31, 2011
|
(335,459)
|
Benefits paid to participants per the Form 5500
|
$ 3,899,735
|
Identity of
|
|||||||||
Issue, Borrower,
|
|||||||||
Lessor, or
|
Current
|
||||||||
Similar Party
|
Description of Investment
|
Cost
|
Value
|
||||||
Registered Investment Companies
|
|||||||||
193,874
|
shares
|
American Balanced R4
|
**
|
$ 4,726,649
|
|||||
436,061
|
shares
|
American Century Equity Income
|
**
|
3,737,040
|
|||||
71,905
|
shares
|
American EuroPacific Growth R4
|
**
|
3,464,400
|
|||||
109,828
|
shares
|
American Growth Funds of America R4
|
**
|
4,691,851
|
|||||
63,412
|
shares
|
American Small Cap World R4
|
**
|
3,095,155
|
|||||
56,946
|
shares
|
BlackRock GNMA Service
|
**
|
543,833
|
|||||
13,058
|
shares
|
BlackRock S&P 500 Stock Fund
|
**
|
2,898,472
|
|||||
72,503
|
shares
|
Federated Total Return Government Bond
|
**
|
793,184
|
|||||
168,864
|
shares
|
Fidelity Advisor Small Cap A
|
**
|
4,719,762
|
|||||
240,057
|
shares
|
PIMCO Total Return
|
**
|
2,566,211
|
|||||
66,819
|
shares
|
T. Rowe Price Growth Stock
|
**
|
3,468,563
|
|||||
28,330
|
shares
|
T. Rowe Midcap Value
|
**
|
847,923
|
|||||
75,065
|
shares
|
T. Rowe Price Target Retirement 2010 Fund
|
**
|
1,330,901
|
|||||
119,648
|
shares
|
T. Rowe Price Target Retirement 2020 Fund
|
**
|
2,425,261
|
|||||
84,485
|
shares
|
T. Rowe Price Target Retirement 2030 Fund
|
**
|
1,895,846
|
|||||
50,654
|
shares
|
T. Rowe Price Target Retirement 2040 Fund
|
**
|
1,177,711
|
|||||
79,171
|
shares
|
T. Rowe Price Target Retirement 2050 Fund
|
**
|
1,026,849
|
|||||
122,447
|
shares
|
WesMark Bond Fund
|
*
|
**
|
1,197,532
|
||||
288,139
|
shares
|
WesMark Growth Fund
|
*
|
**
|
5,154,814
|
||||
43,062
|
shares
|
WesMark Small Company Growth
|
*
|
**
|
592,104
|
||||
Total Registered Investment Companies
|
$ 50,354,061
|
||||||||
Money Market Funds
|
|||||||||
5,453,316
|
units
|
PNC Money Market Service Class
|
|||||||
Unitized Trust
|
*
|
**
|
$ 6,371,108
|
||||||
Equity Securities
|
|||||||||
657,425
|
shares
|
WesBanco, Inc. Common Stock
|
*
|
**
|
$ 21,071,084
|
||||
Participant Loans
|
|||||||||
Loan Account (interest rates of 3.25% and
|
*
|
||||||||
have maturities through April 2022
|
$ 2,119,661
|
||||||||
* Party-in-interest
|
|||||||||
** Participant-directed investment, cost not required.
|
Current
|
||||||
Value of
|
||||||
Asset on
|
||||||
Identity of
|
Purchase
|
Selling
|
Cost of
|
Transaction
|
Net Gain /
|
|
Party Involved
|
Description of Assets
|
Price
|
Price
|
Asset
|
Date
|
(Loss)
|
There were no Category I, II, III or IV reportable transactions for the year ended December 31, 2013.
|
23.1
|
Consent of Independent Registered Public Accounting Firm
|