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Derivative Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2023
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, 2023:

 

Outstanding
Notional
Balance

 

 

Asset
Derivative
Fair Value

 

 

Liability
Derivative
Fair Value

 

IRLCs

 

$

35,081

 

 

$

409

 

 

$

 

Forward mortgage-backed securities trades

 

 

45,500

 

 

 

237

 

 

 

 

 

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

 

 

 

 

 

December 31, 2022:

 

Outstanding
Notional
Balance

 

 

Asset
Derivative
Fair
Value

 

 

Liability
Derivative
Fair
Value

 

IRLCs

 

$

41,664

 

 

$

400

 

 

$

 

Forward mortgage-backed securities trades

 

 

45,000

 

 

 

85