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Derivative Financial Instruments (Tables)
9 Months Ended
Sep. 30, 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):

 

September 30, 2022:

 

Outstanding
Notional
Balance

 

 

Asset
Derivative
Fair Value

 

 

Liability
Derivative
Fair Value

 

IRLCs

 

$

78,653

 

 

$

 

 

$

251

 

Forward mortgage-backed securities trades

 

 

72,500

 

 

 

1,897

 

 

 

 

 

September 30, 2021:

 

Outstanding
Notional
Balance

 

 

Asset
Derivative
Fair Value

 

 

Liability
Derivative
Fair Value

 

IRLCs

 

$

141,121

 

 

$

1,701

 

 

$

 

Forward mortgage-backed securities trades

 

 

145,000

 

 

 

828

 

 

 

 

 

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