Business Segments

3 Months Ended

Mar. 31, 2013

Segment Reporting [Abstract]

BUSINESS SEGMENTS

NOTE 10. 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 managed or held in custody by the trust and investment services segment was approximately $3.5 billion and $3.2 billion at March 31, 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:

(unaudited, in thousands)	Community Banking		Trust and Investment Services		Consolidated
For the Three Months ended March 31, 2013:
Interest income	$	54,892	$	—	$	54,892
Interest expense		8,764		—		8,764
Net interest income		46,128		—		46,128
Provision for credit losses		2,102		—		2,102
Net interest income after provision for credit losses		44,026		—		44,026
Non-interest income		12,478		5,018		17,496
Non-interest expense		37,752		2,995		40,747
Income before provision for income taxes		18,752		2,023		20,775
Provision for income taxes		3,945		809		4,754
Net income	$	14,807	$	1,214	$	16,021
For the Three Months ended March 31, 2012:
Interest income	$	53,680	$	—	$	53,680
Interest expense		11,850		—		11,850
Net interest income		41,830		—		41,830
Provision for credit losses		6,202		—		6,202
Net interest income after provision for credit losses		35,628		—		35,628
Non-interest income		10,569		4,753		15,322
Non-interest expense		32,808		2,857		35,665
Income before provision for income taxes		13,389		1,896		15,285
Provision for income taxes		2,536		759		3,295
Net income	$	10,853	$	1,137	$	11,990

Total non-fiduciary assets of the trust and investment services segment were $3.1 million and $2.9 million at March 31, 2013 and 2012, respectively. All goodwill and other intangible assets were allocated to the community banking segment.