Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2024

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, 2024				Six Months Ended June 30, 2024
Derivative Financial Instruments	Expiration Dates	Outstanding Notional		Fair Value		Gain/(Loss)
Assets
Mortgage loans held for sale
Loan sale commitments	2024	$	652	$	22	$	11
Derivative financial instruments
IRLCs	2024	$	1,029	$	31	$	10
LPCs	2024	324		2		(1)
Forward MBS trades	2024	1,789		7		15
Treasury futures	2024	3,432		62		(50)
Total derivative financial instruments - assets		$	6,574	$	102	$	(26)
Liabilities
Derivative financial instruments
IRLCs	2024	$	25	$	—	$	—
LPCs	2024	480		2		(1)
Forward MBS trades	2024	4,797		8		(87)
Treasury futures	2024	470		3		(96)
Total derivative financial instruments - liabilities		$	5,772	$	13	$	(184)

		June 30, 2023				Six Months Ended June 30, 2023
Derivative Financial Instruments	Expiration Dates	Outstanding Notional		Fair Value		Gain/(Loss)
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)