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Derivative Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Outstanding Notional Balances and Fair Values of Outstanding Derivative Positions

The following tables provide the outstanding notional balances and fair values of outstanding derivative positions (dollars in thousands):

 

March 31, 2022:

 

Outstanding
Notional
Balance

 

 

Asset
Derivative
Fair Value

 

 

Liability
Derivative
Fair Value

 

IRLCs

 

$

106,806

 

 

$

276

 

 

$

 

Forward mortgage-backed securities trades

 

 

115,000

 

 

 

2,103

 

 

 

 

 

March 31, 2021:

 

Outstanding
Notional
Balance

 

 

Asset
Derivative
Fair Value

 

 

Liability
Derivative
Fair Value

 

IRLCs

 

$

180,596

 

 

$

1,645

 

 

$

 

Forward mortgage-backed securities trades

 

 

317,500

 

 

 

2,806

 

 

 

 

 

December 31, 2021:

 

Outstanding
Notional
Balance

 

 

Asset
Derivative
Fair
Value

 

 

Liability
Derivative
Fair
Value

 

IRLCs

 

$

85,973

 

 

$

1,279

 

 

$

 

Forward mortgage-backed securities trades

 

 

116,000

 

 

 

 

 

 

147