Loans Held for Sale (Tables)

3 Months Ended

Mar. 31, 2020

Receivables Held For Sale [Abstract]

Summary of Activity in Mortgage Loans Held for Sale

The table below summarizes the activity in mortgage loans held for sale during the three-month period ending March 31, 2020 and 2019.

	Three-month periods ended
	March 31, 2020	March 31, 2019
Beginning balance	$142,801	$40,399
Loans originated	423,622	134,752
Proceeds from sales	(391,242)	(129,657)
Net change in fair value	2,354	4
Net realized gain on sales	10,781	3,976
Ending balance	$188,316	$49,474

Summary of Components of Mortgage Banking Revenue

The table below summarizes the main components of Mortgage Banking Revenue during the three-month period ending March 31, 2020 and 2019. The Mortgage Banking Revenue amounts are reported in the Company’s Condensed Consolidated Statements of Income and Comprehensive Income.

	Three-month periods ended
	March 31, 2020	March 31, 2019
Servicing fees and commissions	$83	$93
Gain on sale of loans held for sale	10,781	3,976
Unrealized gain on loans held for sale	2,354	4
(Loss) gain on mortgage derivatives	(1,147)	557
Loss on mortgage hedge	(1,098)	(404)
Loss on mortgage servicing assets	—	(33)
Mortgage banking revenue	$10,973	$4,193

Summary of Notional Amounts for Interest Rate Lock Commitments, Best Efforts Forward Trades and MBS Forward Trades Pertaining to Loans Held for Sale

The table below summarizes the notional amounts for interest rate lock commitments, best efforts forward trades and MBS forward trades pertaining to loans held for sale at March 31, 2020 and 2019.

	Notional at
	March 31, 2020	March 31, 2019
Interest rate lock commitments	$389,387	$85,802
Best efforts forward trades	152,788	92,115
MBS forward trades	345,500	57,000
Total derivative instruments	$887,675	$234,917