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Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

The components of our banking derivative financial instruments consisted of the following as of December 31,:

			Number of Transactions						Expiration Dates						Outstanding Notional						Estimated Fair Value
2022
Derivative financial instruments designated as hedging instruments:
Assets:
Interest Rate Products			32						2028-2036						$	201,906					$	15,636
Derivative financial instruments not designated as hedging instruments:
Assets:
Interest Rate Products			41						2024-2037						$	338,770					$	24,615
Other			1						2025						$	14,638					$	—
Liabilities:
Interest Rate Products			41						2024-2037						$	338,770					$	24,242
2021
Derivative financial instruments designated as hedging instruments:
Assets:
Interest Rate Products			1						2029						$	20,190					$	1,213
Liabilities:
Interest Rate Products			12						2022-2029						$	179,431					$	7,107
Derivative financial instruments not designated as hedging instruments:
Assets:
Interest Rate Products			38						2024-2036						$	232,849					$	6,923
Liabilities:
Interest Rate Products			38						2024-2036						$	232,849					$	7,366

The components of our mortgage banking derivative financial instruments consisted of the following as of December 31,:

			Expiration Dates						Outstanding Notional						Estimated Fair Value
2022
Derivative financial instruments
Assets:
Forward MBS trades			2023						$	85,000					$	36
Liabilities:
Forward MBS trades			2023						$	21,800					$	225
Interest rate lock commitments (IRLC)			2023						$	52,533					$	60
2021
Derivative financial instruments
Assets:
Forward MBS trades			2022						$	450,600					$	1,329
Interest rate lock commitments (IRLC)			2022						$	142,334					$	1,350
Liabilities:
Forward MBS trades			2022						$	16,600					$	52

Schedule of Derivative Instruments, Gain (Loss)

We recorded gains and losses on banking derivatives assets as follows for the years ended December 31,:

			2022						2021						2020
Recorded gain (loss) on banking derivative assets			$	28,783					$	(777)					$	6,944
Recorded (loss) gain on banking derivative liabilities			$	(27,973)					$	1,172					$	(7,477)

We recorded gains and losses on mortgage banking derivatives assets as follows for the years ended December 31,:

			2022						2021						2020
Recorded gain (loss) on mortgage banking derivative assets			$	233					$	(9,655)					$	27,396
Recorded (loss) gain on mortgage banking derivative liabilities			$	(15,863)					$	246					$	(6,984)

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Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

+ References

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Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

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