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Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2023

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:

			Number of Transactions						Expiration Dates						Outstanding Notional						Estimated Fair Value
September 30, 2023
Derivative financial instruments designated as hedging instruments:
Assets:
Interest Rate Products			32						2028 - 2036						$	198,424					$	19,246
Derivative financial instruments not designated as hedging instruments:
Assets:
Interest Rate Products			45						2023 - 2037						$	397,422					$	30,938
Other			1						2025						$	14,638					$	4
Liabilities:
Interest Rate Products			45						2023 - 2037						$	397,422					$	30,319
December 31, 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

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

			Expiration Dates						Outstanding Notional						Estimated Fair Value
September 30, 2023
Derivative financial instruments
Assets:
Interest rate lock commitments (IRLC)			2023						$	57,868					$	59
Forward MBS trades			2023						$	74,000					$	568
Liabilities:
Futures			2023						$	18,800					$	1,274
December 31, 2022
Derivative financial instruments
Assets:
Forward MBS trades			2023						$	85,000					$	36
Liabilities:
Futures			2023						$	21,800					$	225
Interest rate lock commitments (IRLC)			2023						$	52,533					$	60

Schedule of Derivative Instruments, Gain (Loss)

We recorded gains and losses on banking derivative assets and liabilities as follows:

			For the three months ended September 30,												For the nine months ended  September 30,
			2023						2022						2023						2022
Recorded gain on banking derivative assets			$	10,700					$	15,123					$	15,745					$	30,192
Recorded loss on banking derivative liabilities			$	(10,263)					$	(14,771)					$	(15,494)					$	(29,095)

We recorded gains and losses on mortgage banking derivative assets and liabilities as follows:

			For the three months ended September 30,												For the nine months ended  September 30,
			2023						2022						2023						2022
Recorded gain on mortgage banking derivative     assets			$	955					$	3,277					$	651					$	5,189
Recorded loss on mortgage banking derivative liabilities			$	(3,459)					$	(2,844)					$	(3,499)					$	(16,940)

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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.

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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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