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Derivative Financial Instruments (Tables) | 12 Months Ended
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Dec. 31, 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 December 31,:
| Number of Transactions |  | Expiration Dates |  | Outstanding Notional |  | Estimated Fair Value |  |
2023 |  |  |  |  |  |  |  |  |
Derivative financial instruments designated as hedging instruments: |  |  |  |  |  |  |  |  |
Assets: |  |  |  |  |  |  |  |  |
Interest Rate Products | 32 |  | 2028 - 2036 |  | $ | 195,935 |  |  | $ | 12,737 |  |  |
Derivative financial instruments not designated as hedging instruments: |  |  |  |  |  |  |  |  |
Assets: |  |  |  |  |  |  |  |  |
Interest Rate Products | 49 |  | 2024 - 2037 |  | $ | 396,111 |  |  | $ | 19,931 |  |  |
Other | 1 |  | 2025 |  | $ | 14,638 |  |  | $ | 7 |  |  |
Liabilities: |  |  |  |  |  |  |  |  |
Interest Rate Products | 49 |  | 2024 - 2037 |  | $ | 396,111 |  |  | $ | 19,869 |  |  |
Other | 2 |  | 2028 |  | $ | 6,168 |  |  | $ | 30 |  |  |
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 December 31,:
| Expiration Dates |  | Outstanding Notional |  | Estimated Fair Value |  |
2023 |  |  |  |  |  |  |
Derivative financial instruments |  |  |  |  |  |  |
Assets: |  |  |  |  |  |  |
Futures | 2024 |  | $ | 28,700 |  |  | $ | 2,153 |  |  |
Interest rate lock commitments (IRLC) | 2024 |  | $ | 41,404 |  |  | $ | 252 |  |  |
Liabilities: |  |  |  |  |  |  |
Forward MBS trades | 2024 |  | $ | 77,000 |  |  | $ | 606 |  |  |
2022 |  |  |  |  |  |  |
Derivative financial instruments |  |  |  |  |  |  |
Assets: |  |  |  |  |  |  |
Futures | 2023 |  | $ | 85,000 |  |  | $ | 36 |  |  |
Liabilities: |  |  |  |  |  |  |
Forward MBS trades | 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 derivatives assets as follows for the years ended December 31,:
| 2023 |  | 2022 |  | 2021
Recorded gain (loss) on banking derivative assets | $ | 4,482 |  |  | $ | 28,783 |  |  | $ | (777) |
Recorded (loss) gain on banking derivative liabilities | $ | (4,820) |  |  | $ | (27,973) |  |  | $ | 1,172 |
We recorded gains and losses on mortgage banking derivatives assets as follows for the years ended December 31,:
| 2023 |  | 2022 |  | 2021
Recorded (loss) gain on mortgage banking derivative assets | $ | (857) |  |  | $ | 233 |  |  | $ | (9,655) |
Recorded (loss) gain on mortgage banking derivative liabilities | $ | (642) |  |  | $ | (15,863) |  |  | $ | 246 |

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