Derivatives and Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2022

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, 2022 and December 31, 2021:

	June 30, 2022						December 31, 2021
(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	$	751,704	$	46,815	$	45,734	$	730,552	$	24,867	$	26,388
Other contracts:
Interest rate loan commitments		21,616		53		—		28,994		9		—
Forward TBA contracts		38,000		45		—		48,500	—			21
Total derivatives			$	46,913	$	45,734			$	24,876	$	26,409

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 non-interest income on the consolidated income statement for the three and six months ended June 30, 2022 and 2021, respectively.

		For the Three Months Ended June 30,					For the Six Months Ended June 30,
(unaudited, in thousands)	Location of Gain/(Loss)	2022		2021			2022		2021
Interest rate swaps	Other income	$	1,142	$	(1,033	)	$	2,603	$	1,728
Interest rate loan commitments	Mortgage banking income		362		564			44		(452	)
Forward TBA contracts	Mortgage banking income		605		(1,619	)		2,048		2,899
Total		$	2,109	$	(2,088	)	$	4,695	$	4,175