Derivatives and Hedging Activities (Tables)
3 Months Ended
Mar. 31, 2018
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, 2018 and December 31, 2017:

 

     March 31, 2018      December 31, 2017  

(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

   $ 309,242      $ 9,257      $ 9,083      $ 298,223      $ 7,351      $ 7,345  

Other contracts:

                 

Interest rate loan commitments

     24,730        147        —          20,319        49        —    

Best efforts forward delivery commitments

     3,941        —          11        2,905        —          6  

Forward TBA contracts

     36,500        —          3        31,750        —          23  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total derivatives

      $ 9,404      $ 9,097         $ 7,400      $ 7,374  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
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, 2018 and 2017, respectively.

 

          For the Three Months Ended  
    

Location of Gain/(Loss)

   March 31,  

(unaudited, in thousands)

      2018      2017  

Interest rate swaps

   Other income    $ (167    $ 195  

Interest rate loan commitments

   Mortgage banking income      98        —    

Best efforts forward sales contracts

   Mortgage banking income      (5      —    

Forward TBA contracts

   Mortgage banking income      410        —    
     

 

 

    

 

 

 

Total

      $ 336      $ 195