Derivatives and Hedging Activities (Tables)

3 Months Ended

Mar. 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 March 31, 2021 and December 31, 2020:

	March 31, 2021						December 31, 2020
(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	$	710,986	$	31,732	$	32,470	$	649,857	$	46,418	$	49,917
Other contracts:
Interest rate loan commitments		85,435		—		314		112,119		702		—
Forward TBA contracts		197,000		1,515		—		183,500	—			1,161
Total derivatives			$	33,247	$	32,784			$	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 non-interest income on the consolidated income statement for the three months ended March 31, 2021 and 2020, respectively.

		For the Three Months Ended March 31,
(unaudited, in thousands)	Location of Gain/(Loss)	2021			2020
Interest rate swaps	Other income	$	2,761		$	(2,751	)
Interest rate loan commitments	Mortgage banking income		(1,016	)		(145	)
Forward TBA contracts	Mortgage banking income		4,518			(2,657	)
Total		$	6,263		$	(5,553	)