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Commitments and Contingencies (Tables) | 9 Months Ended
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Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract] |
Schedule of 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) | September 30, 2024 |  | December 31, 2023
Letters of credit(1) | $ | 236,031 |  |  | $ | 200,269 |
Commitments to fund commercial and industrial loans | 9,880,655 |  |  | 10,313,880 |
Commitments to fund commercial real estate, construction, and land development loans | 1,973,849 |  |  | 2,496,656 |
Commitments under home equity lines of credit | 2,115,145 |  |  | 2,135,120 |
Unused credit card lines | 452,273 |  |  | 453,303 |
Other loan commitments | 635,849 |  |  | 654,396 |
Total letters of credit and unfunded lending commitments | $ | 15,293,802 |  |  | $ | 16,253,624 |
Tax credits, CRA partnerships, and other investments: |  |  |
Carrying amount included in other assets(2) | $ | 596,259 |  |  | $ | 573,992 |
Permanent and short-term construction loans and letter of credit unfunded commitments(3) | 128,323 |  |  | 205,659 |
Funded portion of permanent and short-term loans and letters of credit(4) | 238,585 |  |  | 211,921 |
(1) Represents the contractual amount net of risk participations purchased of approximately $18.4 million and $22.8 million at September 30, 2024 and December 31, 2023, respectively. (2) Future funding commitment amounts included in carrying amount within other liabilities of $313.2 million and $293.3 million at September 30, 2024 and December 31, 2023, respectively. (3) Represents the contractual amount net of risk participations of $4.4 million and $9.7 million at September 30, 2024 and December 31, 2023, respectively. (4) Represents the contractual amount net of risk participations of $18.2 million and $4.0 million at September 30, 2024 and December 31, 2023, respectively.

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