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Subsequent Event
3 Months Ended
Mar. 31, 2024
Subsequent Events [Abstract]  
Subsequent Event
Note 10 - Subsequent Event
On April 1, 2024, Synovus transferred $3.42 billion of mortgage-backed securities from available for sale to held to maturity, and AOCI included a pre-tax unrealized loss of $708.5 million on the investment securities at the date of the transfer. Transfers of investment securities from AFS to HTM are non-cash transactions and are recorded at fair value. Unrealized losses at the date of transfer of these investment securities continue to be reported in AOCI and are amortized into interest income on a level-yield basis over the remaining life of the investment securities. This amortization will offset the effect on interest income of the amortization of the discount resulting from the transfer recorded at fair value.