XML 94 R39.htm IDEA: XBRL DOCUMENT
v3.20.1

Note 7 - Derivatives and Hedging Activities (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Notes Tables |
Summary of impact of AOCI |
|  | Year Ended
|  | December 31, 2019 |  | December 31, 2018
|  | (dollars in thousands)
Unrealized loss at beginning of period, net of tax |  | $ | (1,276) |  | $ | (805)
Amount reclassified from accumulated other comprehensive income to noninterest expense related to hedge ineffectiveness |  |  | — |  |  | 27
Amount reclassified from accumulated other comprehensive income to interest expense related to caplet amortization |  |  | 422 |  |  | 575
Amount of loss recognized in other comprehensive income, net of tax |  |  | (3,061) |  |  | (1,073)
Unrealized loss at end of period, net of tax |  | $ | (3,915) |  | $ | (1,276)
Changes in the fair value of the underlying derivative contracts |
|  |  |  | December 31, 2019 |  |  | December 31, 2018
|  |  | Notional Amount |  | Estimated Fair Value |  | Notional Amount |  | Estimated Fair Value
|  |  | (dollars in thousands)
Non-Hedging Interest Rate Derivatives Assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swap contracts |  |  | $ | 787,221 |  | $ | 84,679 |  | $ | 445,022 |  | $ | 22,196
Non-Hedging Interest Rate Derivatives Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swap contracts |  |  | $ | 787,221 |  | $ | 84,679 |  | $ | 445,022 |  | $ | 22,196
Interest rate cap |
Notes Tables |
Schedule of interest rate caps |
|  |  |  |  |  | Balance Sheet |  |  |  |  |  |  | Fair Value as of |  |
Hedged Item |  | Effective Date |  | Maturity Date |  | Location |  | Notional Amount |  | Strike Rate |  | December 31, 2019 |  |  | December 31, 2018 |  |
(dollars in thousands) |
Deposits |  | 1/1/2020 |  | 1/1/2023 |  | Other Assets |  | $ | 25,000 |  | 1.75 | % |  | $ | 112 |  |  | $ | - |  |
Deposits |  | 1/1/2020 |  | 1/1/2023 |  | Other Assets |  |  | 50,000 |  | 1.57 |  |  |  | 218 |  |  |  | - |  |
Deposits |  | 1/1/2020 |  | 1/1/2023 |  | Other Assets |  |  | 25,000 |  | 1.90 |  |  |  | 96 |  |  |  | - |  |
Deposits |  | 1/1/2020 |  | 1/1/2023 |  | Other Assets |  |  | 25,000 |  | 1.80 |  |  |  | 109 |  |  |  | - |  |
Deposits |  | 1/1/2020 |  | 1/1/2024 |  | Other Assets |  |  | 25,000 |  | 1.75 |  |  |  | 214 |  |  |  | - |  |
Deposits |  | 1/1/2020 |  | 1/1/2024 |  | Other Assets |  |  | 50,000 |  | 1.57 |  |  |  | 401 |  |  |  | - |  |
Deposits |  | 2/1/2020 |  | 2/1/2024 |  | Other Assets |  |  | 25,000 |  | 1.90 |  |  |  | 202 |  |  |  | - |  |
Deposits |  | 1/1/2020 |  | 1/1/2024 |  | Other Assets |  |  | 25,000 |  | 1.80 |  |  |  | 201 |  |  |  | - |  |
Deposits |  | 1/1/2020 |  | 1/1/2025 |  | Other Assets |  |  | 25,000 |  | 1.75 |  |  |  | 337 |  |  |  | - |  |
Deposits |  | 1/1/2020 |  | 1/1/2025 |  | Other Assets |  |  | 50,000 |  | 1.57 |  |  |  | 617 |  |  |  | - |  |
Deposits |  | 3/1/2020 |  | 3/1/2025 |  | Other Assets |  |  | 25,000 |  | 1.90 |  |  |  | 332 |  |  |  | - |  |
Deposits |  | 1/1/2020 |  | 1/1/2025 |  | Other Assets |  |  | 25,000 |  | 1.80 |  |  |  | 309 |  |  |  | - |  |
1-month FHLB Advance |  | 6/3/2014 |  | 6/5/2019 |  | Other Assets |  |  | 15,000 |  | N/A |  |  |  | - |  |  |  | 117 |  |
1-month FHLB Advance |  | 6/5/2014 |  | 6/5/2021 |  | Other Assets |  |  | 15,000 |  | N/A |  |  |  | - |  |  |  | 342 |  |
|  |  |  |  |  |  |  | $ | 405,000 |  |  |  |  | $ | 3,148 |  |  | $ | 459 |  |
Interest rate swap |
Notes Tables |
Schedule of interest rate caps |
|  |  |  |  |  | Balance Sheet |  |  |  |  |  |  |  |  |  |  |  | Fair Value as of
Hedged Item |  | Effective Date |  | Maturity Date |  | Location |  | Notional Amount |  | Receive Rate |  |  | Pay Rate |  | December 31, 2019 |  | December 31, 2018
(dollars in thousands)
QCR Holdings Statutory Trust II |  | 9/30/2018 |  | 9/30/2028 |  | Other Liabilities |  | $ | 10,000 |  | 4.79 | % |  |  | 5.85 | % |  | $ | (971) |  | $ | (298)
QCR Holdings Statutory Trust III |  | 9/30/2018 |  | 9/30/2028 |  | Other Liabilities |  |  | 8,000 |  | 4.79 | % |  |  | 5.85 | % |  |  | (777) |  |  | (239)
QCR Holdings Statutory Trust V |  | 7/7/2018 |  | 7/7/2028 |  | Other Liabilities |  |  | 10,000 |  | 3.54 | % |  |  | 4.54 | % |  |  | (944) |  |  | (288)
Community National Statutory Trust II |  | 9/20/2018 |  | 9/20/2028 |  | Other Liabilities |  |  | 3,000 |  | 4.08 | % |  |  | 5.17 | % |  |  | (291) |  |  | (89)
Community National Statutory Trust III |  | 9/15//2018 |  | 9/15/2028 |  | Other Liabilities |  |  | 3,500 |  | 3.64 | % |  |  | 4.75 | % |  |  | (339) |  |  | (104)
Guaranty Bankshares Statutory Trust I |  | 9/15/2018 |  | 9/15/2028 |  | Other Liabilities |  |  | 4,500 |  | 3.64 | % |  |  | 4.75 | % |  |  | (436) |  |  | (133)
|  |  |  |  |  |  |  | $ | 39,000 |  | 4.18 | % |  |  | 5.24 | % |  | $ | (3,758) |  | $ | (1,151)

X
- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
Name: | us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624163-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative instrument not designated or qualifying as hedging instrument. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4CC -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL109998890-113959 + Details
Name: | us-gaap_ScheduleOfOtherDerivativesNotDesignatedAsHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateCapMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateSwapMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |