Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 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.

		September 30, 2024				Nine Months Ended September 30, 2024
Derivative Financial Instruments	Expiration Dates	Outstanding Notional		Fair Value		Gain/(Loss)
Assets
Mortgage loans held for sale
Loan sale commitments	2024	$	992	$	27	$	16
Derivative financial instruments
IRLCs	2024	$	1,464	$	41	$	21
LPCs	2024	558		3		—
Forward MBS trades	2024	2,152		7		156
Treasury futures	2024	4,272		16		113
Total derivative financial instruments - assets		$	8,446	$	67	$	290
Liabilities
Derivative financial instruments
IRLCs	2024	$	49	$	—	$	—
LPCs	2024	571		3		(2)
Forward MBS trades	2024	9,633		44		(237)
Total derivative financial instruments - liabilities		$	10,253	$	47	$	(239)

		September 30, 2023				Nine Months Ended September 30, 2023
Derivative Financial Instruments	Expiration Dates	Outstanding Notional		Fair Value		Gain/(Loss)
Assets
Mortgage loans held for sale
Loan sale commitments	2023	$	304	$	6	$	(4)
Derivative financial instruments
IRLCs	2023	$	813	$	22	$	—
LPCs	2023	121		1		—
Forward MBS trades	2023	1,383		13		74
Treasury futures	2023	5		—		—
Total derivative financial instruments - assets		$	2,322	$	36	$	74
Liabilities
Derivative financial instruments
IRLCs	2023	$	40	$	—	$	—
LPCs	2023	288		2		—
Forward MBS trades	2023	1,249		28		(97)
Treasury futures	2023	2,353		65		(196)
Total derivative financial instruments - liabilities		$	3,930	$	95	$	(293)