Derivatives and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2021

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, 2021 and 2020:

	December 31, 2021						December 31, 2020
(in thousands)	Notional or Contractual Amount		Asset Derivatives		Liability Derivatives		Notional or Contractual Amount		Asset Derivatives		Liability Derivatives
Derivatives
Loan Swaps:
Interest rate swaps	$	730,552	$	24,867	$	26,388	$	649,857	$	46,418	$	49,917
Other contracts:
Interest rate loan commitments		28,994		9		—		112,119		702		—
Forward TBA contracts		48,500		—		21		183,500		—		1,161
Total derivatives			$	24,876	$	26,409			$	47,120	$	51,078

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, 2021, 2020 and 2019, respectively.

		For the Years Ended December 31,
(in thousands)	Location of Gain/(Loss)	2021			2020			2019
Interest rate swaps	Other income	$	1,977		$	(1,966	)	$	(1,101	)
Interest rate loan commitments	Mortgage banking income		(693	)		658			(81	)
Forward TBA contracts	Mortgage banking income		2,796			(7,442	)		(1,354	)
Total		$	4,080		$	(8,750	)	$	(2,536	)