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Wesbanco Bank Community Development Corporation (Tables) - WBCDC [Member]
12 Months Ended
Dec. 31, 2019
Schedule of Condensed Balance Sheet

(in thousands)

 

December 31, 2019

 

Assets

 

 

 

 

Cash and due from banks

 

$

61,329

 

Loans, net of allowance for loan losses of $298

 

 

36,666

 

Investments

 

 

1,693

 

Other assets

 

 

26

 

Total Assets

 

$

99,714

 

Liabilities

 

$

319

 

Shareholder Equity

 

 

99,395

 

Total Liabilities and Shareholder Equity

 

$

99,714

 

 

Schedule of Condensed Income Statement

(in thousands)

 

For the Year Ended December 31, 2019

 

Interest income

 

 

 

 

Loans

 

$

1,127

 

Other

 

 

25

 

Total interest income

 

 

1,152

 

Provision for loan losses

 

 

37

 

Net interest income after provision for loan losses

 

 

1,115

 

Gain on investments

 

 

252

 

Non-interest expense

 

 

235

 

Income before provision for income taxes

 

 

1,132

 

Provision for income taxes

 

 

260

 

Net income

 

$

872

 

 

Schedule of Condensed Cash Flow Statement

(in thousands)

 

For the Year Ended December 31, 2019

 

Operating Activities

 

 

 

 

Net income

 

$

872

 

Provision for loan losses

 

 

37

 

Gain on investments

 

 

(252

)

Net change in other assets

 

 

49

 

Net change in other liabilities

 

 

113

 

Net cash provided by operating activities

 

 

819

 

Investing Activities

 

 

 

 

Increase in loans

 

 

(7,201

)

Net cash used in investing activities

 

 

(7,201

)

Financing Activities

 

 

 

 

Qualified equity investment by parent company

 

 

25,000

 

Net cash provided by financing activities

 

 

25,000

 

Net increase in cash and cash equivalents

 

 

18,618

 

Cash and cash equivalents at beginning of year

 

 

42,711

 

Cash and cash equivalents at end of year

 

$

61,329