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Mortgage Banking Derivatives (Tables)
3 Months Ended
Mar. 31, 2023
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, 2023 and December 31, 2022.

 

 

Notional Amount

 

 

Fair Value

 

 

(dollars in thousands)

 

 

 

 

 

 

 

 

 

Balance at March 31, 2023

 

 

 

 

 

 

 

Included in mortgage banking derivatives asset:

 

 

 

 

 

 

 

Interest rate lock commitments

$

19,003

 

 

$

364

 

Forward sales commitments

 

373

 

 

 

10

 

To-be-announced mortgage-backed securities trades

 

 

 

 

 

Included in mortgage banking derivatives liability:

 

 

 

 

 

 

 

Interest rate lock commitments

 

 

 

 

 

Forward sales commitments

 

 

 

 

 

To-be-announced mortgage-backed securities trades

 

27,000

 

 

 

166

 

 

 

 

 

 

 

 

 

Balance at December 31, 2022

 

 

 

 

 

 

 

Included in mortgage banking derivatives asset:

 

 

 

 

 

 

 

Interest rate lock commitments

 

 

 

 

 

Forward sales commitments

 

 

 

 

 

To-be-announced mortgage-backed securities trades

 

 

 

 

 

Included in mortgage banking derivatives liability:

 

 

 

 

 

 

 

Interest rate lock commitments

 

8,863

 

 

 

95

 

Forward sales commitments

 

 

 

 

 

To-be-announced mortgage-backed securities trades

 

10,000

 

 

 

80