Mergers and Acquisitions (Tables)

9 Months Ended

Sep. 30, 2016

Business Combinations [Abstract]

Calculation of Purchase Price and Resulting Goodwill Relating to YCB Acquisition

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

(unaudited, in thousands)	September 9, 2016
Purchase Price:
Fair value of WesBanco shares issued	$	177,149
Cash consideration for outstanding YCB shares		43,349
Total purchase price	$	220,498
Fair value of:
Tangible assets acquired	$	1,400,070
Core deposit and other intangible assets acquired		11,957
Liabilities assumed		(1,330,335	)
Net cash received in the acquisition		48,212
Fair value of net assets acquired		129,904
Goodwill recognized	$	90,594

Summary of Fair Value of Net Assets that Wesbanco Intends to Finalize its Accounting for Acquisition of YCB

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 YCB within one year from the date of acquisition:

(unaudited, in thousands)	September 9, 2016
Assets acquired
Cash and due from banks	$	48,212
Securities		173,223
Loans		1,015,071
Goodwill and other intangible assets		102,551
Accrued income and other assets (1)		211,776
Total assets acquired	$	1,550,833
Liabilities assumed
Deposits	$	1,193,010
Borrowings		122,817
Accrued expenses and other liabilities		14,508
Total liabilities assumed		1,330,335
Net assets acquired	$	220,498

⁽¹⁾ Includes receivables of $105.8 million from the sale of available-for-sale securities prior to the acquisition date.