Mergers and Acquisitions (Tables)

3 Months Ended

Mar. 31, 2015

Calculation of Purchase Price and Resulting Goodwill Relating to ESB Acquisition

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


*(unaudited, in thousands)*	February 10, 2015
Purchase Price:
Fair value of WesBanco shares issued, (net of equity issuance costs of $0.1 million)	$	293,933
Cash consideration for outstanding ESB shares, options and restricted stock		37,036
Settlement of pre-existing loan to ESB		8,000

Total purchase price	$	338,969

Fair value of:
Tangible assets acquired	$	1,859,865
Core deposit and other intangible assets acquired		5,346
Liabilities assumed		(1,703,616	)
Net cash received in the acquisition		8,485

Fair value of net assets acquired		170,080

Goodwill recognized	$	168,889

Summary of Fair Value of Net Assets that Wesbanco Acquired from ESB

The following table presents the preliminary allocation of the purchase price of the assets acquired and the liabilities assumed at the date of acquisition, as WesBanco intends to finalize its accounting for the acquisition of ESB during 2015:


*(unaudited, in thousands)*	February 10, 2015
Assets
Cash and due from banks	$	8,485
Securities		486,891
Loans		700,849
Goodwill and other intangible assets		174,235
Accrued income and other assets ⁽¹⁾		672,125

Total Assets	$	2,042,585

Liabilities
Deposits	$	1,246,992
Borrowings		433,454
Accrued expenses and other liabilities		23,170

Total liabilities		1,703,616

Purchase price	$	338,969

⁽¹⁾	Includes receivables of $560.7 million from the sale of available-for-sale securities prior to the acquisition date.