Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 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.

		June 30, 2025				Six Months Ended June 30, 2025
Derivative Financial Instruments	Expiration Dates	Outstanding Notional		Fair Value		Gain/(Loss)
Assets
Mortgage loans held for sale
Loan sale commitments	2025	$	845	$	14	$	2
Derivative financial instruments
Forward MBS trades	2025	$	8,369	$	118	$	232
Treasury futures	2025	4,272		79		79
IRLCs	2025	1,106		41		19
LPCs	2025	1,597		12		7
Total derivative financial instruments - assets		$	15,344	$	250	$	337
Liabilities
Derivative financial instruments
Forward MBS trades	2025	$	4,226	$	34	$	(186)
LPCs	2025	187		1		6
IRLCs	2025	3		—		—
Total derivative financial instruments - liabilities		$	4,416	$	35	$	(180)

		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
Treasury futures	2024	$	3,432	$	62	$	(50)
Forward MBS trades	2024	1,789		7		15
IRLCs	2024	1,029		31		10
LPCs	2024	324		2		(1)
Total derivative financial instruments - assets		$	6,574	$	102	$	(26)
Liabilities
Derivative financial instruments
Forward MBS trades	2024	$	4,797	$	8	$	(87)
LPCs	2024	480		2		(1)
Treasury future	2024	470		3		(96)
IRLCs	2024	25		—		—
Total derivative financial instruments - liabilities		$	5,772	$	13	$	(184)