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Derivatives and Hedging Activities (Tables)
6 Months Ended
Jun. 30, 2019
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, 2019 and December 31, 2018:

 

 

 

June 30, 2019

 

 

December 31, 2018

 

(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

 

$

320,134

 

 

$

13,281

 

 

$

14,774

 

 

$

229,778

 

 

$

4,650

 

 

$

5,081

 

Other contracts:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate loan commitments

 

 

44,062

 

 

 

58

 

 

 

 

 

 

16,113

 

 

 

125

 

 

 

 

Forward TBA contracts

 

 

61,000

 

 

 

 

 

 

166

 

 

 

20,000

 

 

 

 

 

 

234

 

Total derivatives

 

 

 

 

 

$

13,339

 

 

$

14,940

 

 

 

 

 

 

$

4,775

 

 

$

5,315

 

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, 2019 and 2018, respectively.

 

 

 

 

For the Three Months

Ended June 30,

 

 

For the Six Months

Ended June 30,

 

(unaudited, in thousands)

Location of Gain/(Loss)

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Interest rate swaps

Other income

 

$

(751

)

 

$

44

 

 

$

(1,063

)

 

$

211

 

Interest rate loan commitments

Mortgage banking income

 

 

(97

)

 

 

7

 

 

 

(67

)

 

 

143

 

Forward TBA contracts

Mortgage banking income

 

 

(518

)

 

 

(11

)

 

 

(852

)

 

 

399

 

Total

 

 

$

(1,366

)

 

$

40

 

 

$

(1,982

)

 

$

753