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Derivatives and Hedging Activities (Tables)
12 Months Ended
Dec. 31, 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 December 31, 2019 and December 31, 2018:

 

 

 

December 31, 2019

 

 

December 31, 2018

 

(in thousands)

 

Notional or

Contractual

Amount

 

 

Asset

Derivatives

 

 

Liability

Derivatives

 

 

Notional or

Contractual

Amount

 

 

Asset

Derivatives

 

 

Liability

Derivatives

 

Derivatives

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loan Swaps:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps

 

$

399,860

 

 

$

14,585

 

 

$

16,117

 

 

$

229,778

 

 

$

4,650

 

 

$

5,081

 

Other contracts:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate loan commitments

 

 

34,236

 

 

 

44

 

 

 

 

 

 

16,113

 

 

 

125

 

 

 

-

 

Forward TBA contracts

 

 

50,000

 

 

 

 

 

 

88

 

 

 

20,000

 

 

 

-

 

 

 

234

 

Total derivatives

 

 

 

 

 

$

14,629

 

 

$

16,205

 

 

 

 

 

 

$

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 years ended December 31, 2019, 2018 and 2017, respectively.

 

 

 

 

 

For the Years Ended December 31,

 

(in thousands)

 

Location of Gain/(Loss)

 

2019

 

 

2018

 

 

2017

 

Interest rate swaps

 

Other income

 

$

(1,101

)

 

$

(437

)

 

$

(391

)

Interest rate loan commitments

 

Mortgage banking income

 

 

(81

)

 

 

125

 

 

 

172

 

Forward TBA contracts

 

Mortgage banking income

 

 

(1,354

)

 

 

443

 

 

 

23

 

Total

 

 

 

$

(2,536

)

 

$

131

 

 

$

(196

)