Mergers and Acquisitions (Tables)

12 Months Ended

Dec. 31, 2020

Old Line Bancshares, Inc. [Member]

Summary of Purchase Price of Acquisition and Resulting Goodwill

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

(in thousands)	November 22, 2019
Purchase Price:
Fair value of Wesbanco shares issued	$	493,936
Cash consideration for outstanding OLBK shares		16
Total purchase price	$	493,952
Fair value of:
Tangible assets acquired	$	2,891,363
Core deposit and other intangible assets acquired		32,899
Liabilities assumed		(2,722,165	)
Net cash received in the acquisition		60,041
Fair value of net assets acquired		262,138
Goodwill recognized	$	231,814

Allocation of Purchase Price of Assets Acquired and Liabilities Assumed

The following table presents the allocation of the purchase price of the assets acquired and the liabilities assumed at the date of acquisition:

(in thousands)	November 22, 2019
Assets acquired
Cash and due from banks	$	60,041
Securities		182,171
Loans		2,514,061
Goodwill and other intangible assets		264,713
Accrued income and other assets		195,131
Total assets acquired	$	3,216,117
Liabilities assumed
Deposits	$	2,375,574
Borrowings		286,047
Accrued expenses and other liabilities		60,544
Total liabilities assumed	$	2,722,165
Net assets acquired	$	493,952

Old Line Bancshares, Inc. [Member] | 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 acquisition previously reported as of December 31, 2019:

(in thousands)	November 22, 2019
Goodwill recognized as of December 31, 2019	$	203,774
Change in fair value of net assets acquired:
Assets
Investment securities		(349	)
Loans		(31,532	)
Intangible assets		(692	)
Deferred tax assets		8,166
Premises and equipment		(3,067	)
Accrued income and other assets		(1,314	)
Liabilities
Borrowings		1,283
Accrued expenses and other liabilities		(535	)
Fair value of net assets acquired	$	(28,040	)
Increase in goodwill recognized		28,040
Goodwill recognized as of December 31, 2020	$	231,814

Farmers Capital Bank Corporation [Member]

Summary of Purchase Price of Acquisition and Resulting Goodwill

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

(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	$	1,370,245
Core deposit and other intangible assets acquired		39,992
Liabilities assumed		(1,434,779	)
Net cash received in the acquisition		230,139
Fair value of net assets acquired		205,597
Goodwill recognized	$	223,304

Allocation of Purchase Price of Assets Acquired and Liabilities Assumed

The following table presents the allocation of the purchase price of the assets acquired and the liabilities assumed at the date of acquisition:

(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		263,296
Accrued income and other assets		105,124
Total assets acquired	$	1,863,680
Liabilities assumed
Deposits	$	1,330,328
Borrowings		71,780
Accrued expenses and other liabilities		32,671
Total liabilities assumed	$	1,434,779
Net assets acquired	$	428,901

First Sentry Bancshares, Inc. [Member]

Summary of Purchase Price of Acquisition and Resulting Goodwill

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

(in thousands)	April 5, 2018
Purchase Price:
Fair value of Wesbanco shares issued	$	107,347
Cash consideration for outstanding FTSB shares		975
Total purchase price	$	108,322
Fair value of:
Tangible assets acquired	$	609,593
Core deposit and other intangible assets acquired		8,078
Liabilities assumed		(664,172	)
Net cash received in the acquisition		87,124
Fair value of net assets acquired		40,623
Goodwill recognized	$	67,699

Allocation of Purchase Price of Assets Acquired and Liabilities Assumed

The following table presents the allocation of the purchase price of the assets acquired and the liabilities assumed at the date of acquisition.

(in thousands)	April 5, 2018
Assets acquired
Cash and due from banks	$	87,124
Securities		142,903
Loans		447,279
Goodwill and other intangible assets		75,777
Accrued income and other assets		19,411
Total assets acquired	$	772,494
Liabilities assumed
Deposits	$	590,065
Borrowings		70,710
Accrued expenses and other liabilities		3,397
Total liabilities assumed	$	664,172
Net assets acquired	$	108,322