Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2023

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. Gains/(losses) include both realized and unrealized gains/(losses) of each derivative financial instrument.

		March 31, 2023				Three Months Ended March 31, 2023
Derivative Financial Instruments	Expiration Dates	Outstanding Notional		Fair Value		Gains/(Losses)
Assets
Mortgage loans held for sale
Loan sale commitments	2023	$	399	$	12	$	2
Derivative financial instruments
IRLCs	2023	$	940	$	33	$	11
LPCs	2023	484		3		2
Forward MBS trades	2023	1,056		18		35
Treasury futures	2023	2,445		71		71
Total derivative financial instruments - assets		$	4,925	$	125	$	119
Liabilities
Derivative financial instruments
IRLCs	2023	$	25	$	—	$	—
LPCs	2023	85		—		1
Forward MBS trades	2023	1,439		10		(47)
Treasury futures	2023	193		1		(23)
Total derivative financial instruments - liabilities		$	1,742	$	11	$	(69)

		March 31, 2022				Three Months Ended March 31, 2022
Derivative Financial Instruments	Expiration Dates	Outstanding Notional		Fair Value		Gains/(Losses)
Assets
Mortgage loans held for sale
Loan sale commitments	2022	$	543	$	1	$	(24)
Derivative financial instruments
IRLCs	2022	$	3,122	$	72	$	(62)
LPCs	2022	203		2		(1)
Forward MBS trades	2022	4,658		79		224
Total derivative financial instruments - assets		$	7,983	$	153	$	161
Liabilities
Derivative financial instruments
IRLCs	2022	$	551	$	5	$	(5)
LPCs	2022	658		8		(6)
Forward MBS trades	2022	695		6		7
Treasury futures	2022	1,097		49		(111)
Total derivative financial instruments - liabilities		$	3,001	$	68	$	(115)