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Derivative Financial Instruments (Tables)
 3 Months Ended
Mar. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Value and Notional Amount of Derivative Financial Instruments
The following table presents the fair value and notional amount of our derivative financial instruments at March 31, 2021 and December 31, 2020.
Table 11.1 – Fair Value and Notional Amount of Derivative Financial Instruments
March 31, 2021December 31, 2020
Fair
Value		Notional
Amount		Fair
Value		Notional
Amount
(In Thousands)
Assets - Risk Management Derivatives
Interest rate swaps$4,350 $163,000 $224 $42,000 
TBAs40,800 3,350,000 18,260 3,520,000 
Swaptions83,610 3,825,000 19,727 1,585,000 
Assets - Other Derivatives
Loan purchase and interest rate lock commitments1,164 223,783 15,027 2,617,254 
Total Assets$129,924 $7,561,783 $53,238 $7,764,254 
Liabilities - Risk Management Derivatives
Interest rate swaps$— $4,000 $— $— 
TBAs(35,621)1,860,000 (15,495)3,105,000 
Interest rate futures(2,451)195,000 — — 
Liabilities - Other Derivatives
Loan purchase commitments(35,106)3,073,102 (577)477,153 
Total Liabilities$(73,178)$5,132,102 $(16,072)$3,582,153 
Total Derivative Financial Instruments, Net$56,746 $12,693,885 $37,166 $11,346,407 
Impact on Interest Expense of Interest Rate Agreements Accounted for as Cash Flow Hedges
The following table illustrates the impact on interest expense of our interest rate agreements accounted for as cash flow hedges for the three months ended March 31, 2021 and 2020.
Table 11.2 – Impact on Interest Expense of Interest Rate Agreements Accounted for as Cash Flow Hedges
Three Months Ended March 31,
(In Thousands)20212020
Net interest expense on cash flows hedges$— $(860)
Realized net losses reclassified from other comprehensive income(1,018)(79)
Total Interest Expense$(1,018)$(939)