Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 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.

		June 30, 2023				Six Months Ended June 30, 2023
Derivative Financial Instruments	Expiration Dates	Outstanding Notional		Fair Value		Gains/(Losses)
Assets
Mortgage loans held for sale
Loan sale commitments	2023	$	556	$	8	$	(1)
Derivative financial instruments
IRLCs	2023	$	1,041	$	30	$	8
LPCs	2023	200		1		—
Forward MBS trades	2023	1,712		10		43
Treasury futures	2023	72		—		—
Total derivative financial instruments - assets		$	3,025	$	41	$	51
Liabilities
Derivative financial instruments
IRLCs	2023	$	18	$	—	$	—
LPCs	2023	234		1		—
Forward MBS trades	2023	1,175		3		(50)
Treasury futures	2023	2,510		20		(44)
Total derivative financial instruments - liabilities		$	3,937	$	24	$	(94)

		June 30, 2022				Six Months Ended June 30, 2022
Derivative Financial Instruments	Expiration Dates	Outstanding Notional		Fair Value		Gains/(Losses)
Assets
Mortgage loans held for sale
Loan sale commitments	2022	$	246	$	8	$	(17)
Derivative financial instruments
IRLCs	2022	$	2,103	$	62	$	(72)
LPCs	2022	325		3		—
Forward MBS trades	2022	1,798		12		429
Treasury futures	2022	30		—		3
Total derivative financial instruments - assets		$	4,256	$	77	$	360
Liabilities
Derivative financial instruments
IRLCs	2022	$	56	$	1	$	(1)
LPCs	2022	186		1		1
Forward MBS trades	2022	1,716		13		(31)
Treasury futures	2022	902		18		(185)
Total derivative financial instruments - liabilities		$	2,860	$	33	$	(216)