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Commitments and Contingencies (Tables) | 12 Months Ended
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Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract] |
Loan Commitments and Letters of Credit | Synovus also invests in tax credit partnerships, CRA partnerships, including SBIC programs, and other investments. The SBIC is a program initiated by the SBA in 1958 to assist in the funding of small business loans.
| December 31,
(in thousands) | 2023 |  | 2022
Letters of credit(1) | $ | 200,269 |  |  | $ | 220,622 |
Commitments to fund commercial and industrial loans | 10,313,880 |  |  | 9,970,733 |
Commitments to fund commercial real estate, construction, and land development loans | 2,496,656 |  |  | 3,629,531 |
Commitments under home equity lines of credit | 2,135,120 |  |  | 2,156,641 |
Unused credit card lines | 453,303 |  |  | 461,443 |
Other loan commitments | 654,396 |  |  | 742,976 |
Total letters of credit and unfunded lending commitments | $ | 16,253,624 |  |  | $ | 17,181,946 |
Tax credits, CRA partnerships, and other investments with a future funding commitment: |  |  |
Carrying amount included in other assets | $ | 573,992 |  |  | $ | 488,944 |
Amount of future funding commitments | 293,266 |  |  | 283,212 |
Permanent and short-term construction loans and letter of credit commitments(2) | 205,659 |  |  | 177,998 |
Funded portion of permanent and short-term loans and letters of credit(3) | 211,921 |  |  | 234,166 |
(1) Represent the contractual amount net of risk participations purchased of approximately $22.8 million and $25.7 million at December 31, 2023 and December 31, 2022, respectively. (2) Represent the contractual amount net of risk participations of $9.7 million and $4.7 million at December 31, 2023 and December 31, 2022, respectively (3) Represent the contractual amount net of risk participations of $4.0 million and $6.9 million at December 31, 2023 and December 31, 2022, respectively.

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