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Subordinated Debt and Junior Subordinated Debt (Tables)
12 Months Ended
Dec. 31, 2016
Text Block [Abstract]  
Schedule of Junior Subordinated Debt by Trust

The following table shows WesBanco’s trust subsidiaries with outstanding Trust Preferred Securities as of December 31, 2016:

 

(in thousands)

  Trust
Preferred
Securities
    Common
Securities
    Junior
Subordinated
Debt
    Stated
Maturity
Date
    Optional
Redemption
Date
 

WesBanco Capital Trust II (1)

  $ 13,000      $ 410      $ 13,410        6/30/2033        6/30/2008   

WesBanco Capital Statutory Trust III (2)

    17,000        526        17,526        6/26/2033        6/26/2008   

WesBanco Capital Trust IV (3)

    20,000        619        20,619        6/17/2034        6/17/2009   

WesBanco Capital Trust V (3)

    20,000        619        20,619        6/17/2034        6/17/2009   

WesBanco Capital Trust VI (4)

    15,000        464        15,464        3/17/2035        3/17/2010   

Oak Hill Capital Trust 2 (5)

    5,000        155        5,155        10/18/2034        10/18/2009   

Oak Hill Capital Trust 3 (6)

    8,000        248        8,248        10/18/2034        10/18/2009   

Oak Hill Capital Trust 4 (7)

    5,000        155        5,155        6/30/2035        6/30/2015   

Community Bank Shares Statutory Trust I (3)

    5,905        217        6,122        6/17/2034        6/17/2014   

Community Bank Shares Statutory Trust II (8)

    7,901        310        8,211        6/15/2036        6/15/2016   

First Federal Statutory Trust II (9)

    8,145        310        8,455        3/22/2037        3/15/2017   

First Federal Statutory Trust III (10)

    8,335        240        8,575        6/24/2038        6/24/2018   
 

 

 

   

 

 

   

 

 

     

Total

  $ 133,286      $ 4,273      $ 137,559       
 

 

 

   

 

 

   

 

 

     

 

(1) Variable rate based on the three-month LIBOR plus 3.15% with a current rate of 4.15% through March 30, 2017, adjustable quarterly.
(2) Variable rate based on the three-month LIBOR plus 3.10% with a current rate of 4.10% through March 26, 2017, adjustable quarterly.
(3) Variable rate based on the three-month LIBOR plus 2.65% with a current rate of 3.64% through March 17, 2017, adjustable quarterly.
(4) Variable rate based on the three-month LIBOR plus 1.77% with a current rate of 2.76% through March 17, 2017, adjustable quarterly.
(5) Variable rate based on the three-month LIBOR plus 2.40% with a current rate of 3.28% through January 18, 2017, adjustable quarterly.
(6) Variable rate based on the three-month LIBOR plus 2.30% with a current rate of 3.18% through January 18, 2017, adjustable quarterly.
(7) Variable rate based on the three-month LIBOR plus 1.60% with a current rate of 2.60% through March 30, 2017, adjustable quarterly.
(8) Variable rate based on the three-month LIBOR plus 1.70% with a current rate of 2.66% through March 15, 2017, adjustable quarterly.
(9) Fixed rate of 6.69% through March 15, 2017, then variable rate based on the three-month LIBOR plus 1.60%.
(10) Fixed rate of 8.00% through maturity, callable June 24, 2018 and thereafter at par.