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Pension & Postretirement Medical Benefit Plans (Tables)
6 Months Ended
Jun. 30, 2019
Compensation And Retirement Disclosure [Abstract]  
Schedule of Defined Benefit Pension Plan

The following table presents the net periodic pension cost for WesBanco’s Defined Benefit Pension Plan (the “Plan”) and the related components:

 

 

 

For the Three Months

Ended June 30,

 

 

For the Six Months

Ended June 30,

 

(unaudited, in thousands)

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Service cost – benefits earned during year

 

$

560

 

 

$

707

 

 

$

1,114

 

 

$

1,406

 

Interest cost on projected benefit obligation

 

 

1,313

 

 

 

1,228

 

 

 

2,611

 

 

 

2,442

 

Expected return on plan assets

 

 

(2,211

)

 

 

(2,390

)

 

 

(4,398

)

 

 

(4,753

)

Amortization of prior service cost

 

 

6

 

 

 

7

 

 

 

13

 

 

 

13

 

Amortization of net loss

 

 

808

 

 

 

758

 

 

 

1,607

 

 

 

1,508

 

Net periodic pension cost

 

$

476

 

 

$

310

 

 

$

947

 

 

$

616