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Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2024
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.
(in thousands)March 31, 2024December 31, 2023
Letters of credit(1)
$176,324 $200,269 
Commitments to fund commercial and industrial loans9,748,389 10,313,880 
Commitments to fund commercial real estate, construction, and land development loans2,189,478 2,496,656 
Commitments under home equity lines of credit2,128,208 2,135,120 
Unused credit card lines456,177 453,303 
Other loan commitments636,373 654,396 
Total letters of credit and unfunded lending commitments$15,334,949 $16,253,624 
Tax credits, CRA partnerships, and other investments:
Carrying amount included in other assets(2)
$571,976 $573,992 
Permanent and short-term construction loans and letter of credit commitments(3)
160,723 205,659 
Funded portion of permanent and short-term loans and letters of credit(4)
227,180 211,921 
(1)    Represents the contractual amount net of risk participations purchased of approximately $18.4 million and $22.8 million at March 31, 2024 and December 31, 2023, respectively.
(2) Future funding commitment amounts included in carrying amount within other liabilities of $263.1 million and $293.3 million at March 31, 2024 and December 31, 2023, respectively.
(3)    Represents the contractual amount net of risk participations of $7.1 million and $9.7 million at March 31, 2024 and December 31, 2023, respectively.
(4)    Represents the contractual amount net of risk participations of $6.6 million and $4.0 million at March 31, 2024 and December 31, 2023, respectively.