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v3.20.2

NOTE 4 - DERIVATIVES AND HEDGING ACTIVITIES (Tables) | 6 Months Ended
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Jun. 30, 2020
Notes Tables |
Changes in the fair value of the underlying derivative contracts | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | June 30, 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 | ​ | ​ | $ | 1,100,913 | ​ | $ | 224,727 | ​ | $ | 787,221 | ​ | $ | 84,679
Non-Hedging Interest Rate Derivatives Liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swap contracts | ​ | ​ | $ | 1,100,913 | ​ | $ | 224,727 | ​ | $ | 787,221 | ​ | $ | 84,679
Schedule of hedged interest rate swaps and non-hedged interest rate swaps are collateralized by investment securities with carrying values | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | June 30, 2020 | ​ | December 31, 2019
​ | ​ | (dollars in thousands)
​ | ​ | ​ | ​ | ​ | ​ | ​
Cash | ​ | $ | 80,250 | ​ | $ | 10,990
U.S govt. sponsored agency securities | ​ | ​ | 3,657 | ​ | ​ | 3,541
Municipal securities | ​ | ​ | 41,863 | ​ | ​ | 68,089
Residential mortgage-backed and related securities | ​ |  | 107,190 | ​ |  | 27,027
​ | ​ | $ | 232,960 | ​ | $ | 109,647
​ | ​ | ​ | ​ | ​ | ​ | ​
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 | ​ | June 30, 2020 | ​ | ​ | December 31, 2019 | ​ | ​
(dollars in thousands) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Deposits | ​ | 1/1/2020 | ​ | 1/1/2023 | ​ | Other Assets | ​ | $ | 25,000 | ​ | 1.75 | % | ​ | $ | 13 | ​ | ​ | $ | 112 | ​ | ​
Deposits | ​ | 1/1/2020 | ​ | 1/1/2023 | ​ | Other Assets | ​ | ​ | 50,000 | ​ | 1.57 | ​ | ​ | ​ | 26 | ​ | ​ | ​ | 218 | ​ | ​
Deposits | ​ | 1/1/2020 | ​ | 1/1/2023 | ​ | Other Assets | ​ | ​ | 25,000 | ​ | 1.90 | ​ | ​ | ​ | 12 | ​ | ​ | ​ | 96 | ​ | ​
Deposits | ​ | 1/1/2020 | ​ | 1/1/2023 | ​ | Other Assets | ​ | ​ | 25,000 | ​ | 1.80 | ​ | ​ | ​ | 13 | ​ | ​ | ​ | 109 | ​ | ​
Deposits | ​ | 1/1/2020 | ​ | 1/1/2024 | ​ | Other Assets | ​ | ​ | 25,000 | ​ | 1.75 | ​ | ​ | ​ | 26 | ​ | ​ | ​ | 214 | ​ | ​
Deposits | ​ | 1/1/2020 | ​ | 1/1/2024 | ​ | Other Assets | ​ | ​ | 50,000 | ​ | 1.57 | ​ | ​ | ​ | 52 | ​ | ​ | ​ | 401 | ​ | ​
Deposits | ​ | 2/1/2020 | ​ | 2/1/2024 | ​ | Other Assets | ​ | ​ | 25,000 | ​ | 1.90 | ​ | ​ | ​ | 26 | ​ | ​ | ​ | 202 | ​ | ​
Deposits | ​ | 1/1/2020 | ​ | 1/1/2024 | ​ | Other Assets | ​ | ​ | 25,000 | ​ | 1.80 | ​ | ​ | ​ | 26 | ​ | ​ | ​ | 201 | ​ | ​
Deposits | ​ | 1/1/2020 | ​ | 1/1/2025 | ​ | Other Assets | ​ | ​ | 25,000 | ​ | 1.75 | ​ | ​ | ​ | 48 | ​ | ​ | ​ | 337 | ​ | ​
Deposits | ​ | 1/1/2020 | ​ | 1/1/2025 | ​ | Other Assets | ​ | ​ | 50,000 | ​ | 1.57 | ​ | ​ | ​ | 97 | ​ | ​ | ​ | 617 | ​ | ​
Deposits | ​ | 3/1/2020 | ​ | 3/1/2025 | ​ | Other Assets | ​ | ​ | 25,000 | ​ | 1.90 | ​ | ​ | ​ | 50 | ​ | ​ | ​ | 332 | ​ | ​
Deposits | ​ | 1/1/2020 | ​ | 1/1/2025 | ​ | Other Assets | ​ | ​ | 25,000 | ​ | 1.80 | ​ | ​ | ​ | 48 | ​ | ​ | ​ | 309 | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 375,000 | ​ | ​ | ​ | ​ | $ | 437 | ​ | ​ | $ | 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 | ​ | June 30, 2020 | ​ | December 31, 2019
(dollars in thousands)
CRBT - FHLB Advances or Brokered CDs |  | 3/16/2020 | ​ | 3/16/2023 | ​ | Derivatives - Liabilities |  | $ | 30,000 | ​ | 0.31 | % | ​ |  | 1.12 | % | ​ | $ | (730) | ​ | $ | -
SFCB - FHLB Advances or Brokered CDs |  | 3/16/2020 | ​ | 3/16/2023 | ​ | Derivatives - Liabilities |  | ​ | 10,000 | ​ | 0.32 | % | ​ |  | 0.95 | % | ​ | ​ | (200) | ​ | ​ | -
QCR Holdings Statutory Trust II |  | 9/30/2018 | ​ | 9/30/2028 | ​ | Derivatives - Liabilities |  | ​ | 10,000 | ​ | 3.16 | % | ​ |  | 5.85 | % | ​ | ​ | (2,051) | ​ | ​ | (971)
QCR Holdings Statutory Trust III |  | 9/30/2018 | ​ | 9/30/2028 | ​ | Derivatives - Liabilities |  | ​ | 8,000 | ​ | 3.16 | % | ​ |  | 5.85 | % | ​ | ​ | (1,641) | ​ | ​ | (777)
QCR Holdings Statutory Trust V |  | 7/7/2018 | ​ | 7/7/2028 | ​ | Derivatives - Liabilities |  | ​ | 10,000 | ​ | 2.77 | % | ​ |  | 4.54 | % | ​ | ​ | (1,993) | ​ | ​ | (944)
Community National Statutory Trust II |  | 9/20/2018 | ​ | 9/20/2028 | ​ | Derivatives - Liabilities |  | ​ | 3,000 | ​ | 2.48 | % | ​ |  | 5.17 | % | ​ | ​ | (613) | ​ | ​ | (291)
Community National Statutory Trust III |  | 9/15//2018 | ​ | 9/15/2028 | ​ | Derivatives - Liabilities |  | ​ | 3,500 | ​ | 2.06 | % | ​ |  | 4.75 | % | ​ | ​ | (715) | ​ | ​ | (339)
Guaranty Bankshares Statutory Trust I |  | 9/15/2018 | ​ | 9/15/2028 | ​ | Derivatives - Liabilities |  | ​ | 4,500 | ​ | 2.06 | % | ​ |  | 4.75 | % | ​ | ​ | (919) | ​ | ​ | (436)
​ |  |  | ​ | ​ | ​ | ​ |  | $ | 79,000 | ​ | 1.92 | % | ​ |  | 5.24 | % | ​ | $ | (8,862) | ​ | $ | (3,758)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​

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