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Mortgage Banking Derivatives (Tables)
 3 Months Ended
Mar. 31, 2022
Mortgage Banking [Abstract]  
Summary of Notional Amount and Fair Value of Mortgage Banking Derivatives

The following table reflects the notional amount and fair value of mortgage banking derivatives included in the balance sheet at fair value as of March 31, 2022 and December 31, 2021.

 

 

Notional Amount

 

 

Fair Value

 

 

(dollars in thousands)

 

 

 

 

 

 

 

 

 

Balance at March 31, 2022

 

 

 

 

 

 

 

Included in mortgage banking derivatives asset:

 

 

 

 

 

 

 

Interest rate lock commitments

$

30,933

 

 

$

269

 

Forward sales commitments

 

—

 

 

 

—

 

To-be-announced mortgage-backed securities trades

 

50,000

 

 

 

1,216

 

Included in mortgage banking derivatives liability:

 

 

 

 

 

 

 

Forward sales commitments

 

—

 

 

 

—

 

To-be-announced mortgage-backed securities trades

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

Balance at December 31, 2021

 

 

 

 

 

 

 

Included in mortgage banking derivatives asset:

 

 

 

 

 

 

 

Interest rate lock commitments

 

28,939

 

 

 

1,016

 

Forward sales commitments

 

8,417

 

 

 

253

 

To-be-announced mortgage-backed securities trades

 

—

 

 

 

—

 

Included in mortgage banking derivatives liability:

 

 

 

 

 

 

 

Forward sales commitments

 

—

 

 

 

—

 

To-be-announced mortgage-backed securities trades

 

44,000

 

 

 

50