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Mortgage Banking Activities (Tables)
12 Months Ended
Dec. 31, 2021
Mortgage Banking [Abstract]  
Schedule of Components of Residential Loan Fee Income
The following table presents the components of residential loan fee income for the year ended December 31, 2021 and 2020:
Year Ended
December 31,
20212020
Net gain realized on sale of residential loans held for sale
$89,578 $88,336 
Net change in fair value recognized on residential loans held for sale
(4,934)6,049 
Net change in fair value recognized on interest rate lock commitments
(6,194)6,536 
Net change in fair value recognized on mandatory and best efforts forward sales contracts
7,229 (16,940)
Mortgage banking fees
9,864 8,697 
Residential loan fee income
$95,543 $92,678 
Schedule of Net Gains (Losses) Relating to Free-Standing Derivative Instruments Used for Risk Management
The net gains (losses) relating to free-standing derivative instruments used for risk management at December 31, 2021 and December 31, 2020 are summarized below:
December 31, 2021December 31, 2020
Mandatory forward sales contracts
$(78)$(4,455)
Best efforts forward sales contracts
27 55 
Interest rate lock commitments
1,412 7,553 
Schedule of Derivative Assets at Fair Value
The following table reflects the amount and fair value of mortgage banking derivatives included in the Consolidated Balance Sheets at December 31, 2021 and December 31, 2020:
December 31, 2021December 31, 2020
Notional
Amount
Fair
Value
Notional
Amount
Fair
Value
Included in other assets:
Interest rate lock commitments
$103,572 $1,435 $390,676 $7,565 
Mandatory forward sales contracts
60,000 88 — — 
Best efforts forward sales contracts
7,375 27 19,803 55 
Included in other liabilities:
Interest rate lock commitments
4,550 23 8,046 12 
Mandatory forward sales contracts
82,500 166 514,000 4,455 
Schedule of Derivative Liabilities at Fair Value
December 31, 2021December 31, 2020
Notional
Amount
Fair
Value
Notional
Amount
Fair
Value
Included in other assets:
Interest rate lock commitments
$103,572 $1,435 $390,676 $7,565 
Mandatory forward sales contracts
60,000 88 — — 
Best efforts forward sales contracts
7,375 27 19,803 55 
Included in other liabilities:
Interest rate lock commitments
4,550 23 8,046 12 
Mandatory forward sales contracts
82,500 166 514,000 4,455