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Derivatives (Tables)
12 Months Ended
Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Financial Instruments
The following tables provide details on the Company’s derivative financial instruments as of the dates presented:
December 31, 2021
Notional AmountAssetLiability
Not designated as hedging:
  Interest rate contracts$600,048 $19,265 $19,138 
  Forward commitments1,180,000 — 1,077 
  Interest rate-lock commitments487,396 7,197 — 
  Futures contracts429,000 922 — 
    Total$2,696,444 $27,384 $20,215 

 December 31, 2020
 Notional AmountAssetLiability
Not designated as hedging:   
  Interest rate contracts$606,878 $34,547 $34,317 
  Forward commitments1,358,328 — 11,633 
  Interest rate-lock commitments1,191,621 34,391 — 
  Futures contracts375,400 — 383 
    Total$3,532,227 $68,938 $46,333 
 
 December 31, 2021
 Notional AmountAssetLiability
Designated as hedging:   
  Interest rate swaps$30,000 $— $785 
December 31, 2020
Notional AmountAssetLiability
Designated as hedging:
   Interest rate swaps$30,000 $— $1,909 
Schedule of Gains (Losses) Included in the Consolidated Statements of Income Related to Derivative Financial Instruments
Gains (losses) included in the consolidated statements of income related to the Company’s derivative financial instruments were as follows:
Year Ended December 31,
 2021 2020 2019 
Not designated as hedging instruments (included in mortgage banking income):
  Interest rate lock commitments$(27,194)$27,339 $(2,112)
  Forward commitments25,661 (73,033)12,170 
  Futures contracts(7,949)8,151 (6,723)
Option contracts— — (47)
    Total$(9,482)$(37,543)$3,288 
Year Ended December 31,
 2021 2020 2019 
Designated as hedging:
   Amount of gain reclassified from other comprehensive
      income and recognized in interest expense on
      borrowings, net of tax expenses of $0, $337 and $170
$— $955 $481 
   Loss included in interest expense on borrowings(577)(353)115 
     Total$(577)$602 $596 
The following discloses the amount included in other comprehensive income, net of tax, for derivative instruments designated as cash flow hedges for the periods presented: 
Year Ended December 31,
 2021 2020 2019 
Designated as hedging:
   Amount of gain (loss) recognized in other comprehensive
     income, net of tax expense (benefit) $293, $(363) and $(322)
$831 $(1,031)$(914)
Schedule of Offsetting Assets The following table presents the Company's gross derivative positions as recognized in the consolidated balance sheets as well as the net derivative positions, including collateral pledged to the extent the application of such collateral did not reduce the net derivative liability position below zero, had the Company elected to offset those instruments subject to an enforceable master netting agreement:
Offsetting Derivative AssetsOffsetting Derivative Liabilities
December 31, 2021December 31, 2020December 31, 2021December 31, 2020
Gross amounts recognized$4,990 $3,863 $15,733 $34,051 
Gross amounts offset in the consolidated balance sheets— — — — 
Net amounts presented in the consolidated balance sheets4,990 3,863 15,733 34,051 
Gross amounts not offset in the consolidated balance sheets
Less: financial instruments4,297 857 4,297 857 
Less: financial collateral pledged— — 11,436 33,194 
Net amounts$693 $3,006 $— $— 
Schedule of Offsetting Liabilities The following table presents the Company's gross derivative positions as recognized in the consolidated balance sheets as well as the net derivative positions, including collateral pledged to the extent the application of such collateral did not reduce the net derivative liability position below zero, had the Company elected to offset those instruments subject to an enforceable master netting agreement:
Offsetting Derivative AssetsOffsetting Derivative Liabilities
December 31, 2021December 31, 2020December 31, 2021December 31, 2020
Gross amounts recognized$4,990 $3,863 $15,733 $34,051 
Gross amounts offset in the consolidated balance sheets— — — — 
Net amounts presented in the consolidated balance sheets4,990 3,863 15,733 34,051 
Gross amounts not offset in the consolidated balance sheets
Less: financial instruments4,297 857 4,297 857 
Less: financial collateral pledged— — 11,436 33,194 
Net amounts$693 $3,006 $— $—