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Derivatives and Hedging Activities (Tables)
6 Months Ended
Jun. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Fair Values of Derivative Instruments on Balance Sheets

The table below presents the fair value of WesBanco’s derivative financial instruments as well as their classification on the Balance Sheet as of June 30, 2018 and December 31, 2017:

 

     June 30, 2018      December 31, 2017  

(unaudited, in thousands)

   Notional or
Contractual
Amount
     Asset
Derivatives
     Liability
Derivatives
     Notional or
Contractual
Amount
     Asset
Derivatives
     Liability
Derivatives
 

Derivatives

                 

Loan Swaps:

                 

Interest rate swaps

   $ 305,642      $ 11,048      $ 10,832      $ 298,223      $ 7,351      $ 7,345  

Other contracts:

                 

Interest rate loan commitments

     29,505        143        —          20,319        49        —    

Forward TBA contracts

     31,000        —          102        31,750        —          23  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total derivatives

      $ 11,191      $ 10,934         $ 7,400      $ 7,368  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
Summary of Effect of Derivative Instruments on Income Statement

The table below presents the change in the fair value of the Company’s derivative financial instruments reflected within the other non-interest income line item of the consolidated income statement for the three and six months ended June 30, 2018 and 2017, respectively.

 

          For the Three Months Ended      For the Six Months Ended  
    

Location of Gain/(Loss)

   June 30,      June 30,  

(unaudited, in thousands)

      2018      2017      2018      2017  

Interest rate swaps

  

Other income

   $ 44      $ (108    $ 211      $ (303

Interest rate loan commitments

  

Mortgage banking income

     7        —          143        123  

Forward TBA contracts

  

Mortgage banking income

     (11      —          399        —    
     

 

 

    

 

 

    

 

 

    

 

 

 

Total

      $ 40      $ (108    $ 753      $ (180