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Derivative Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
The following tables provide the outstanding notional balances, fair values of outstanding positions and recorded gains/(losses) for the derivative financial instruments:
 
 
 
March 31, 2020
 
Three Months Ended March 31, 2020
Derivative Financial Instruments
Expiration
Dates
 
Outstanding
Notional
 
Fair
Value
 
Recorded Gains/(Losses)
Assets
 
 
 
 
 
 
 
Mortgage loans held for sale
 
 
 
 
 
 
 
Loan sale commitments
2020
 
$
2,598

 
$
111

 
$
79

Derivative financial instruments
 
 
 
 
 
 
 
IRLCs
2020
 
6,923

 
263

 
128

LPCs
2020
 
834

 
25

 
13

Forward MBS trades
2020
 
886

 
6

 

Eurodollar futures
2020-2021
 
6

 

 

Total derivative financial instruments - assets
 
 
$
8,649

 
$
294

 
$
141

Liabilities
 
 
 
 
 
 
 
Derivative financial instruments
 
 
 
 
 
 
 
IRLCs
2020
 
$
22

 
$

 
$

LPCs
2020
 
10

 

 
(3
)
Forward MBS trades
2020
 
10,229

 
223

 
211

Eurodollar futures
2020-2021
 
6

 

 

Total derivative financial instruments - liabilities
 
 
$
10,267

 
$
223

 
$
208



 
 
 
March 31, 2019
 
Three Months Ended March 31, 2019
Derivative Financial Instruments
Expiration
Dates
 
Outstanding
Notional
 
Fair
Value
 
Recorded Gains/(Losses)
Assets
 
 
 
 
 
 
 
Mortgage loans held for sale
 
 
 
 
 
 
 
Loan sale commitments
2019
 
$
365

 
$
17

 
$
(9
)
Derivative financial instruments
 
 
 
 
 
 
 
IRLCs
2019
 
2,557

 
69

 
9

LPCs
2019
 
216

 
2

 
1

Forward MBS trades
2019
 
410

 
1

 
(1
)
Eurodollar futures
2019-2021
 
7

 

 

Total derivative financial instruments - assets
 
 
$
3,190

 
$
72

 
$
9

Liabilities
 
 
 
 
 
 
 
Derivative financial instruments
 
 
 
 
 
 
 
LPCs
2019
 
$
52

 
$

 
$

Forward MBS trades
2019
 
3,804

 
22

 
(3
)
Eurodollar futures
2019-2021
 
13

 

 

Total derivative financial instruments - liabilities
 
 
$
3,869

 
$
22

 
$
(3
)