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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 following table provides the outstanding notional balances, fair values of outstanding positions and recorded gains/(losses) for the derivative financial instruments:
December 31, 2021Year Ended December 31, 2021
Derivative Financial InstrumentsExpiration
Dates
Outstanding
Notional
Fair
Value
Gains/(Losses)
Assets
Mortgage loans held for sale
Loan sale commitments2022$1,051 $25 $(77)
Derivative financial instruments
IRLCs20225,237 134 (280)
LPCs2022487 3 (35)
Forward MBS trades20223,569 7 (23)
Total derivative financial instruments - assets$9,293 $144 $(338)
Liabilities
Derivative financial instruments
IRLCs2022$10 $ $ 
LPCs2022646 2 1 
Forward MBS trades20224,091 8 (94)
Swap futures2022923 6 6 
Total derivative financial instruments - liabilities$5,670 $16 $(87)
December 31, 2020Year Ended December 31, 2020
Derivative Financial InstrumentsExpiration
Dates
Outstanding
Notional
Fair
Value
Gains/(Losses)
Assets
Mortgage loans held for sale
Loan sale commitments2021$2,710 $102 $70 
Derivative financial instruments
IRLCs202110,179 414 279 
LPCs20215,406 38 26 
Forward MBS trades20215,853 37 31 
Total derivative financial instruments - assets$21,438 $489 $336 
Liabilities
Derivative financial instruments
IRLCs2021$$— $— 
LPCs2021280 (2)
Forward MBS trades202125,156 156 144 
Swap futures202160 — — 
Total derivative financial instruments - liabilities$25,498 $157 $142