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Derivative Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
The components of our banking derivative financial instruments consisted of the following as of December 31,:
Number of
Transactions
Expiration
Dates
Outstanding
Notional
Estimated
Fair
Value
2021
Derivative financial instruments designated as hedging instruments:
Assets:
Interest Rate Products12029$20,190 $1,213 
Liabilities:
Interest Rate Products122022-2029$179,431 $7,107 
Derivative financial instruments not designated as hedging instruments:
Assets:
Interest Rate Products382024-2036$232,849 $6,923 
Liabilities:
Interest Rate Products382024-2036$232,849 $7,366 
2020
Derivative financial instruments designated as hedging instruments:
Assets:
Interest Rate Products22026-2029$38,978 $830 
Liabilities:
Interest Rate Products122022-2028$185,637 $15,792 
Derivative financial instruments not designated as hedging instruments:
Assets:
Interest Rate Products282024-2031$171,609 $11,348 
Liabilities:
Interest Rate Products282024-2031$171,609 $12,117 
The components of our mortgage banking derivative financial instruments consisted of the following as of December 31,:
Expiration
Dates
Outstanding
Notional
Estimated
Fair
Value
2021
Derivative financial instruments
Assets:
Forward MBS trades2022$450,600 $1,329 
Interest rate lock commitments (IRLC)2022$142,334 $1,350 
Liabilities:
Forward MBS trades2022$16,600 $52 
2020
Derivative financial instruments
Assets:
Forward MBS trades2021$189,900 $468 
Interest rate lock commitments (IRLC)2021$462,394 $5,686 
Liabilities:
Forward MBS trades2021$433,400 $2,883 
Derivative Instruments, Gain (Loss)
We recorded gains and losses on banking derivatives assets as follows for the years ended December 31,:
202120202019
Recorded (loss) gain on banking derivative assets$(777)$6,944 $1,264 
Recorded gain (loss) on banking derivative liabilities$1,172 $(7,477)$(1,431)
We recorded gains and losses on mortgage banking derivatives assets as follows for the years ended December 31,:
202120202019
Recorded (loss) gain on mortgage banking derivative assets$(9,655)$27,396 $4,837 
Recorded gain (loss) on mortgage banking derivative liabilities$246 $(6,984)$(4,262)