Mortgage Banking Derivatives (Tables)

3 Months Ended

Mar. 31, 2024

Mortgage Banking [Abstract]

Summary of Notional Amount and Fair Value of Mortgage Banking Derivatives

The following table reflects the notional amount and fair value of mortgage banking derivatives included in the balance sheet at fair value as of March 31, 2024 and December 31, 2023.

	Notional Amount		Fair Value
	(dollars in thousands)
Balance at March 31, 2024
Included in mortgage banking derivatives asset:
Interest rate lock commitments	$	31,961	$	1,068
Forward sales commitments		841		23
Included in mortgage banking derivatives liability:
To-be-announced mortgage-backed securities trades		41,500		56
Balance at December 31, 2023
Included in mortgage banking derivatives asset:
Interest rate lock commitments	$	21,791	$	806
Forward sales commitments		1,826		46
Included in mortgage banking derivatives liability:
To-be-announced mortgage-backed securities trades		23,000		288