Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2023

Commitments and Contingencies Disclosure [Abstract]

Loan Commitments and Letters of Credit

Synovus also invests in tax credit partnerships, CRA partnerships, including SBIC programs, and other investments. The SBIC is a program initiated by the SBA in 1958 to assist in the funding of small business loans.

	December 31,
(in thousands)	2023		2022
Letters of credit(1)	$	200,269	$	220,622
Commitments to fund commercial and industrial loans	10,313,880		9,970,733
Commitments to fund commercial real estate, construction, and land development loans	2,496,656		3,629,531
Commitments under home equity lines of credit	2,135,120		2,156,641
Unused credit card lines	453,303		461,443
Other loan commitments	654,396		742,976
Total letters of credit and unfunded lending commitments	$	16,253,624	$	17,181,946
Tax credits, CRA partnerships, and other investments with a future funding commitment:
Carrying amount included in other assets	$	573,992	$	488,944
Amount of future funding commitments	293,266		283,212
Permanent and short-term construction loans and letter of credit commitments(2)	205,659		177,998
Funded portion of permanent and short-term loans and letters of credit(3)	211,921		234,166

(1)    Represent the contractual amount net of risk participations purchased of approximately $22.8 million and $25.7 million at December 31, 2023 and December 31, 2022, respectively.

(2)    Represent the contractual amount net of risk participations of $9.7 million and $4.7 million at December 31, 2023 and December 31, 2022, respectively

(3)    Represent the contractual amount net of risk participations of $4.0 million and $6.9 million at December 31, 2023 and December 31, 2022, respectively.