XML 83 R25.htm IDEA: XBRL DOCUMENT v3.20.1
Derivatives and Hedging Activities (Tables)
3 Months Ended
Mar. 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 March 31, 2020 and December 31, 2019:

 

 

 

March 31, 2020

 

 

December 31, 2019

 

(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

 

$

535,467

 

 

$

48,182

 

 

$

52,464

 

 

$

399,860

 

 

$

14,585

 

 

$

16,117

 

Other contracts:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate loan commitments

 

 

79,531

 

 

 

 

 

 

101

 

 

 

34,236

 

 

 

44

 

 

 

 

Forward TBA contracts

 

 

140,500

 

 

 

 

 

 

2,320

 

 

 

50,000

 

 

 

 

 

 

88

 

Total derivatives

 

 

 

 

 

$

48,182

 

 

$

54,885

 

 

 

 

 

 

$

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 three months ended March 31, 2020 and 2019, respectively.

 

 

 

 

For the Three Months

Ended March 31,

 

(unaudited, in thousands)

Location of Gain/(Loss)

 

2020

 

 

2019

 

Interest rate swaps

Other income

 

$

(2,751

)

 

$

(312

)

Interest rate loan commitments

Mortgage banking income

 

 

(145

)

 

 

30

 

Forward TBA contracts

Mortgage banking income

 

 

(2,657

)

 

 

(334

)

Total

 

 

$

(5,553

)

 

$

(616

)