Derivatives and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2020

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, 2020 and December 31, 2019:

	December 31, 2020						December 31, 2019
(in thousands)	Notional or Contractual Amount		Asset Derivatives		Liability Derivatives		Notional or Contractual Amount		Asset Derivatives		Liability Derivatives
Derivatives
Loan Swaps:
Interest rate swaps	$	649,857	$	46,418	$	49,917	$	399,860	$	14,585	$	16,117
Other contracts:
Interest rate loan commitments		112,119		702		—		34,236		44		—
Forward TBA contracts		183,500		—		1,161		50,000		—		88
Total derivatives			$	47,120	$	51,078			$	14,629	$	16,205

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, 2020, 2019 and 2018, respectively.

		For the Years Ended December 31,
(in thousands)	Location of Gain/(Loss)	2020			2019			2018
Interest rate swaps	Other income	$	(1,966	)	$	(1,101	)	$	(437	)
Interest rate loan commitments	Mortgage banking income		658			(81	)		125
Forward TBA contracts	Mortgage banking income		(7,442	)		(1,354	)		443
Total		$	(8,750	)	$	(2,536	)	$	131