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v3.20.1

NOTE 4 - DERIVATIVES AND HEDGING ACTIVITIES (Tables) | 3 Months Ended
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Mar. 31, 2020
Notes Tables |
Changes in the fair value of the underlying derivative contracts |
|  |  |  | March 31, 2020 |  |  | December 31, 2019
|  |  | Notional Amount |  | Estimated Fair Value |  | Notional Amount |  | Estimated Fair Value
|  |  | (dollars in thousands)
Non-Hedging Interest Rate Derivatives Assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swap contracts |  |  | $ | 915,109 |  | $ | 195,224 |  | $ | 787,221 |  | $ | 84,679
Non-Hedging Interest Rate Derivatives Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swap contracts |  |  | $ | 915,109 |  | $ | 195,224 |  | $ | 787,221 |  | $ | 84,679
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 |  | March 31, 2020 |  |  | December 31, 2019 |  |
(dollars in thousands) |
Deposits |  | 1/1/2020 |  | 1/1/2023 |  | Other Assets |  | $ | 25,000 |  | 1.75 | % |  | $ | 18 |  |  | $ | 112 |  |
Deposits |  | 1/1/2020 |  | 1/1/2023 |  | Other Assets |  |  | 50,000 |  | 1.57 |  |  |  | 35 |  |  |  | 218 |  |
Deposits |  | 1/1/2020 |  | 1/1/2023 |  | Other Assets |  |  | 25,000 |  | 1.90 |  |  |  | 16 |  |  |  | 96 |  |
Deposits |  | 1/1/2020 |  | 1/1/2023 |  | Other Assets |  |  | 25,000 |  | 1.80 |  |  |  | 17 |  |  |  | 109 |  |
Deposits |  | 1/1/2020 |  | 1/1/2024 |  | Other Assets |  |  | 25,000 |  | 1.75 |  |  |  | 47 |  |  |  | 214 |  |
Deposits |  | 1/1/2020 |  | 1/1/2024 |  | Other Assets |  |  | 50,000 |  | 1.57 |  |  |  | 85 |  |  |  | 401 |  |
Deposits |  | 2/1/2020 |  | 2/1/2024 |  | Other Assets |  |  | 25,000 |  | 1.90 |  |  |  | 44 |  |  |  | 202 |  |
Deposits |  | 1/1/2020 |  | 1/1/2024 |  | Other Assets |  |  | 25,000 |  | 1.80 |  |  |  | 42 |  |  |  | 201 |  |
Deposits |  | 1/1/2020 |  | 1/1/2025 |  | Other Assets |  |  | 25,000 |  | 1.75 |  |  |  | 94 |  |  |  | 337 |  |
Deposits |  | 1/1/2020 |  | 1/1/2025 |  | Other Assets |  |  | 50,000 |  | 1.57 |  |  |  | 171 |  |  |  | 617 |  |
Deposits |  | 3/1/2020 |  | 3/1/2025 |  | Other Assets |  |  | 25,000 |  | 1.90 |  |  |  | 94 |  |  |  | 332 |  |
Deposits |  | 1/1/2020 |  | 1/1/2025 |  | Other Assets |  |  | 25,000 |  | 1.80 |  |  |  | 86 |  |  |  | 309 |  |
|  |  |  |  |  |  |  | $ | 375,000 |  |  |  |  | $ | 749 |  |  | $ | 3,148 |  |
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 |  | March 31, 2020 |  | December 31, 2019
(dollars in thousands)
CRBT - FHLB Advances or Brokered CDs |  | 3/16/2020 |  | 3/16/2023 |  | Derivatives - Liabilities |  | $ | 30,000 |  | 0.89 | % |  |  | 1.12 | % |  | $ | (644) |  | $ | -
SFCB - FHLB Advances or Brokered CDs |  | 3/16/2020 |  | 3/16/2023 |  | Derivatives - Liabilities |  |  | 10,000 |  | 0.74 | % |  |  | 0.95 | % |  |  | (162) |  | $ | -
QCR Holdings Statutory Trust II |  | 9/30/2018 |  | 9/30/2028 |  | Derivatives - Liabilities |  |  | 10,000 |  | 4.30 | % |  |  | 5.85 | % |  |  | (1,992) |  | $ | (971)
QCR Holdings Statutory Trust III |  | 9/30/2018 |  | 9/30/2028 |  | Derivatives - Liabilities |  |  | 8,000 |  | 4.30 | % |  |  | 5.85 | % |  |  | (1,594) |  |  | (777)
QCR Holdings Statutory Trust V |  | 7/7/2018 |  | 7/7/2028 |  | Derivatives - Liabilities |  |  | 10,000 |  | 3.54 | % |  |  | 4.54 | % |  |  | (1,935) |  |  | (944)
Community National Statutory Trust II |  | 9/20/2018 |  | 9/20/2028 |  | Derivatives - Liabilities |  |  | 3,000 |  | 3.29 | % |  |  | 5.17 | % |  |  | (597) |  |  | (291)
Community National Statutory Trust III |  | 9/15//2018 |  | 9/15/2028 |  | Derivatives - Liabilities |  |  | 3,500 |  | 2.49 | % |  |  | 4.75 | % |  |  | (698) |  |  | (339)
Guaranty Bankshares Statutory Trust I |  | 9/15/2018 |  | 9/15/2028 |  | Derivatives - Liabilities |  |  | 4,500 |  | 2.49 | % |  |  | 4.75 | % |  |  | (898) |  |  | (436)
|  |  |  |  |  |  |  | $ | 79,000 |  | 3.66 | % |  |  | 5.24 | % |  | $ | (8,520) |  | $ | (3,758)

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