Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 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:

	Number of Transactions	Expiration Dates	Outstanding Notional		Estimated Fair Value
June 30, 2023
Derivative financial instruments designated as hedging instruments:
Assets:
Interest Rate Products	32	2028-2036	$	199,887	$	15,879
Derivative financial instruments not designated as hedging instruments:
Assets:
Interest Rate Products	46	2023-2037	$	401,161	$	24,917
Other	1	2025	$	14,638	$	14
Liabilities:
Interest Rate Products	46	2023-2037	$	401,161	$	24,741
December 31, 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:

	Expiration Dates	Outstanding Notional		Estimated Fair Value
June 30, 2023
Derivative financial instruments
Assets:
Futures	2023	$	23,400	$	31
Interest rate lock commitments (IRLC)	2023	$	—	$	—
Forward MBS trades	2023	$	87,000	$	354
Liabilities:
Interest rate lock commitments (IRLC)	2023	$	58,158	$	101
December 31, 2022
Derivative financial instruments
Assets:
Forward MBS trades	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 derivative assets and liabilities as follows:

	For the three months ended June 30,				For the six months ended  June 30,
	2023		2022		2023		2022
Recorded gain on banking derivative assets	$	7,605	$	5,260	$	5,045	$	15,069
Recorded (loss) gain on banking derivative liabilities	$	(7,487)	$	(4,960)	$	(5,231)	$	(14,324)

We recorded gains and losses on mortgage banking derivative assets and liabilities as follows:

	For the three months ended June 30,				For the six months ended  June 30,
	2023		2022		2023		2022
Recorded (loss) gain on mortgage banking derivative assets	$	(1,154)	$	(3,565)	$	(304)	$	1,912
Recorded gain (loss) on mortgage banking derivative liabilities	$	495	$	(1,520)	$	(40)	$	(14,096)