Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2023

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.

		December 31, 2023				Year Ended December 31, 2023
Derivative Financial Instruments	Expiration Dates	Outstanding Notional		Fair Value		Gains/(Losses)
Assets
Mortgage loans held for sale
Loan sale commitments	2024	$	337	$	11	$	1
Derivative financial instruments
Treasury futures	2024	2,634		113		113
Forward MBS trades	2024	2,365		22		155
IRLCs	2024	584		21		(1)
LPCs	2024	361		3		2
Total derivative financial instruments - assets		$	5,944	$	159	$	269
Liabilities
Derivative financial instruments
Forward MBS trades	2024	1,049		9		(126)
Treasury futures	2024	80		—		(196)
LPCs	2024	41		—		1
IRLCs	2024	1		—		—
Total derivative financial instruments - liabilities		$	1,171	$	9	$	(321)

		December 31, 2022				Year Ended December 31, 2022
Derivative Financial Instruments	Expiration Dates	Outstanding Notional		Fair Value		Gains/(Losses)
Assets
Mortgage loans held for sale
Loan sale commitments	2023	$	354	$	10	$	(15)
Derivative financial instruments
Treasury futures	2023	—		—		4
Forward MBS trades	2023	1,143		8		569
IRLCs	2023	755		22		(112)
LPCs	2023	145		1		(2)
Total derivative financial instruments - assets		$	2,043	$	31	$	459
Liabilities
Derivative financial instruments
Forward MBS trades	2023	681		9		(56)
Treasury futures	2023	892		14		(277)
LPCs	2023	209		1		1
IRLCs	2023	15		—		—
Total derivative financial instruments - liabilities		$	1,797	$	24	$	(332)