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

9 Months Ended

Sep. 30, 2019

Summary of Final Purchase Price of Acquisition and Resulting Goodwill

The final 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		$	1,370,245
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.

(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			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

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 June 30, 2019:

(unaudited, in thousands)		August 20, 2018
Goodwill recognized as of June 30, 2019		$	220,897
Change in fair value of net assets acquired:
Assets
Accrued income and other assets			709
Liabilities
Accrued expenses and other liabilities			(3,116	)
Fair value of net assets acquired		$	(2,407	)
Increase in goodwill recognized			2,407
Goodwill recognized as of September 30, 2019		$	223,304

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- Definition

Tabular disclosure of goodwill in a business combination.

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+ References

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