Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2025

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, 2025				Three Months Ended March 31, 2025
Derivative Financial Instruments	Expiration Dates	Outstanding Notional		Fair Value		Gain/(Loss)
Assets
Mortgage loans held for sale
Loan sale commitments	2025	$	1,128	$	13	$	—
Derivative financial instruments
Treasury futures	2025	$	4,140	$	54	$	55
IRLCs	2025	997		38		16
Forward MBS trades	2025	7,977		15		121
LPCs	2025	1,138		8		2
Total derivative financial instruments - assets		$	14,252	$	115	$	194
Liabilities
Derivative financial instruments
Forward MBS trades	2025	$	3,640	$	16	$	(67)
LPCs	2025	474		2		5
Treasury futures	2025	290		1		53
IRLCs	2025	7		—		—
Total derivative financial instruments - liabilities		$	4,411	$	19	$	(9)

		March 31, 2024				Three Months Ended March 31, 2024
Derivative Financial Instruments	Expiration Dates	Outstanding Notional		Fair Value		Gain/(Loss)
Assets
Mortgage loans held for sale
Loan sale commitments	2024	$	399	$	15	$	4
Derivative financial instruments
IRLCs	2024	$	765	$	27	$	6
Treasury futures	2024	2,969		18		(95)
Forward MBS trades	2024	1,801		9		(2)
LPCs	2024	244		1		(1)
Total derivative financial instruments - assets		$	5,779	$	55	$	(92)
Liabilities
Derivative financial instruments
Forward MBS trades	2024	$	3,930	$	10	$	(28)
Treasury future	2024	343		1		—
LPCs	2024	91		—		—
IRLCs	2024	2		—		—
Total derivative financial instruments - liabilities		$	4,366	$	11	$	(28)