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Subordinated Debt and Junior Subordinated Debt (Tables)
 12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Schedule of Junior Subordinated Debt by Trust

The following table shows Wesbanco’s trust subsidiaries with outstanding Trust Preferred Securities as of December 31, 2021:

 

(in thousands)

 

Trust
Preferred
Securities

 

 

Common
Securities

 

 

Junior
Subordinated
Debt

 

 

Stated
Maturity
Date

 

Optional
Redemption
Date

Wesbanco Capital Trust II (1)

 

$

13,000

 

 

$

410

 

 

$

13,410

 

 

6/30/2033

 

6/30/2008

Wesbanco Capital Statutory Trust III (2)

 

 

17,000

 

 

 

526

 

 

 

17,526

 

 

6/26/2033

 

6/26/2008

Wesbanco Capital Trust IV (3)

 

 

20,000

 

 

 

619

 

 

 

20,619

 

 

6/17/2034

 

6/17/2009

Wesbanco Capital Trust V (3)

 

 

20,000

 

 

 

619

 

 

 

20,619

 

 

6/17/2034

 

6/17/2009

Wesbanco Capital Trust VI (4)

 

 

15,000

 

 

 

464

 

 

 

15,464

 

 

3/17/2035

 

3/17/2010

Oak Hill Capital Trust 2 (5)

 

 

5,000

 

 

 

155

 

 

 

5,155

 

 

10/18/2034

 

10/18/2009

Oak Hill Capital Trust 3 (6)

 

 

8,000

 

 

 

248

 

 

 

8,248

 

 

10/18/2034

 

10/18/2009

Oak Hill Capital Trust 4 (7)

 

 

5,000

 

 

 

155

 

 

 

5,155

 

 

6/30/2035

 

6/30/2015

Community Bank Shares Statutory Trust I (3)

 

 

6,772

 

 

 

217

 

 

 

6,989

 

 

6/17/2034

 

6/17/2014

Community Bank Shares Statutory Trust II (8)

 

 

9,536

 

 

 

310

 

 

 

9,846

 

 

6/15/2036

 

6/15/2016

First Federal Statutory Trust II (9)

 

 

9,519

 

 

 

310

 

 

 

9,829

 

 

3/22/2037

 

3/15/2017

Total

 

$

128,827

 

 

$

4,033

 

 

$

132,860

 

 

 

 

 

 

(1)
Variable rate based on the three-month LIBOR plus 3.15% with a current rate of 3.37% through March 30, 2022, adjustable quarterly.
(2)
Variable rate based on the three-month LIBOR plus 3.10% with a current rate of 3.32% through March 26, 2022, adjustable quarterly.
(3)
Variable rate based on the three-month LIBOR plus 2.65 % with a current rate of 2.87 % through March 17, 2022, adjustable quarterly.
(4)
Variable rate based on the three-month LIBOR plus 1.77 % with a current rate of 1.99% through March 17, 2022, adjustable quarterly.
(5)
Variable rate based on the three-month LIBOR plus 2.40% with a current rate of 2.52% through January 18, 2022, adjustable quarterly.
(6)
Variable rate based on the three-month LIBOR plus 2.30% with a current rate of 2.42% through January 18, 2022, adjustable quarterly.
(7)
Variable rate based on the three-month LIBOR plus 1.60% with a current rate of 1.82% through March 30, 2022, adjustable quarterly.
(8)
Variable rate based on the three-month LIBOR plus 1.70% with a current rate of 1.90% through March 15, 2022, adjustable quarterly.
(9)
Variable rate based on the three-month LIBOR plus 1.60% with a current rate of 1.80% through March 15, 2022, adjustable quarterly.