Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 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 December 31,:

	Number of Transactions	Expiration Dates	Outstanding Notional		Estimated Fair Value
2023
Derivative financial instruments designated as hedging instruments:
Assets:
Interest Rate Products	32	2028 - 2036	$	195,935	$	12,737
Derivative financial instruments not designated as hedging instruments:
Assets:
Interest Rate Products	49	2024 - 2037	$	396,111	$	19,931
Other	1	2025	$	14,638	$	7
Liabilities:
Interest Rate Products	49	2024 - 2037	$	396,111	$	19,869
Other	2	2028	$	6,168	$	30
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 December 31,:

	Expiration Dates	Outstanding Notional		Estimated Fair Value
2023
Derivative financial instruments
Assets:
Futures	2024	$	28,700	$	2,153
Interest rate lock commitments (IRLC)	2024	$	41,404	$	252
Liabilities:
Forward MBS trades	2024	$	77,000	$	606
2022
Derivative financial instruments
Assets:
Futures	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 derivatives assets as follows for the years ended December 31,:

	2023		2022		2021
Recorded gain (loss) on banking derivative assets	$	4,482	$	28,783	$	(777)
Recorded (loss) gain on banking derivative liabilities	$	(4,820)	$	(27,973)	$	1,172

We recorded gains and losses on mortgage banking derivatives assets as follows for the years ended December 31,:

	2023		2022		2021
Recorded (loss) gain on mortgage banking derivative     assets	$	(857)	$	233	$	(9,655)
Recorded (loss) gain on mortgage banking derivative liabilities	$	(642)	$	(15,863)	$	246