Mergers and Acquisitions (Tables) - Farmers Capital Bank Corporation [Member]

6 Months Ended

Jun. 30, 2019

Summary of Purchase Price of Acquisition and Resulting Goodwill

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

(unaudited, in thousands)	August 20, 2018
Purchase price:
Fair value of WesBanco shares issued	$	391,267
Cash consideration for outstanding FFKT shares		37,634
Total purchase price	$	428,901
Fair value of:
Tangible assets acquired	$	1,369,536
Core deposit and other intangible assets acquired		39,992
Liabilities assumed		(1,431,663	)
Net cash received in the acquisition		230,139
Fair value of net assets acquired		208,004
Goodwill recognized	$	220,897

Allocation of Purchase Price of Assets Acquired and Liabilities Assumed

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 FFKT within one year from the date of acquisition:

(unaudited, in thousands)	August 20, 2018
Assets acquired
Cash and due from banks	$	230,139
Securities		239,321
Loans		1,025,800
Goodwill and other intangible assets		260,889
Accrued income and other assets		104,415
Total assets acquired	$	1,860,564
Liabilities assumed
Deposits	$	1,330,328
Borrowings		71,780
Accrued expenses and other liabilities		29,555
Total liabilities assumed	$	1,431,663
Net assets acquired	$	428,901

Purchase Price Allocation Adjustment [Member]

Allocation of Purchase Price of Assets Acquired and Liabilities Assumed

The following table presents the changes in the allocation of the purchase price of the assets acquired and the liabilities assumed at the date of the acquisition previously reported as of March 31, 2019:

(unaudited, in thousands)	August 20, 2018
Goodwill recognized as of March 31, 2019	$	219,418
Change in fair value of net assets acquired:
Assets
Other real estate owned		(80	)
Accrued income and other assets		430
Liabilities
Accrued expenses and other liabilities		(1,829	)
Fair value of net assets acquired	$	(1,479	)
Increase in goodwill recognized		1,479
Goodwill recognized as of June 30, 2019	$	220,897