Derivatives and Hedging Activities (Tables)

9 Months Ended

Sep. 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 September 30, 2022 and December 31, 2021:

	September 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	$	816,188	$	76,381	$	74,514	$	730,552	$	24,867	$	26,388
Other contracts:
Interest rate loan commitments		16,936		—		438		28,994		9		—
Forward TBA contracts		32,000		1,074		—		48,500	—			21
Total derivatives			$	77,455	$	74,952			$	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 nine months ended September 30, 2022 and 2021, respectively.

		For the Three Months Ended September 30,						For the Nine Months Ended September 30,
(unaudited, in thousands)	Location of Gain/(Loss)	2022			2021			2022			2021
Interest rate swaps	Other income	$	786		$	378		$	3,389		$	2,106
Interest rate loan commitments	Mortgage banking income		(491	)		(226	)		(447	)		(678	)
Forward TBA contracts	Mortgage banking income		1,147			(278	)		3,195			2,621
Total		$	1,442		$	(126	)	$	6,137		$	4,049