XML 32 R22.htm IDEA: XBRL DOCUMENT
v3.23.3

Note 4 - DERIVATIVES AND HEDGING ACTIVITIES (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2023
Notes Tables |
Summary of derivatives | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | September 30, 2023 |  | December 31, 2022
​ | ​ | (dollars in thousands)
Assets: | ​ | ​ | ​ | ​ | ​ | ​
Hedged Derivatives | ​ | ​ | ​ | ​ | ​ | ​
Cash Flow Hedges | ​ | ​ | ​ | ​ | ​ | ​
Interest rate caps | ​ | $ | 5,196 | ​ | $ | 8,327
Interest rate swaps | ​ |  | 3,334 | ​ |  | 477
Fair Value Hedges | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swaps | ​ | ​ | 3,977 | ​ | ​ | —
Unhedged Derivatives | ​ | ​ | ​ | ​ | ​ | ​
Interest rate caps | ​ | ​ | 1,533 | ​ | ​ | 2,213
Interest rate swaps | ​ |  | 277,255 | ​ |  | 166,614
​ | ​ | $ | 291,295 | ​ | $ | 177,631
​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities: | ​ | ​ | ​ | ​ | ​ | ​
Hedged Derivatives | ​ | ​ | ​ | ​ | ​ | ​
Cash Flow Hedges | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swaps | ​ | ​ | (42,095) | ​ | ​ | (33,824)
Interest rate collars | ​ | ​ | (870) | ​ | ​ | (263)
Unhedged Derivatives | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swaps | ​ | ​ | (277,255) | ​ | ​ | (166,614)
​ | ​ | $ | (320,220) | ​ | $ | (200,701)
​ | ​ | ​ | ​ | ​ | ​ | ​
Summary of impact of AOCI | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended September 30, 2023 | ​ | Three Months Ended September 30, 2022
​ | ​ | Interest and | ​ | Interest | ​ | ​ | Interest and | ​ | Interest | ​
​ | ​ | Dividend Income | ​ | Expense | ​ | ​ | Dividend Income | ​ | Expense | ​
​ | ​ | (dollars in thousands)
Income and expense line items presented in the consolidated statements of income | ​ | $ | 108,568 | ​ | $ | 53,313 | ​ | ​ | $ | 79,267 | ​ | $ | 18,498 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
The effects of cash flow hedging: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Gain on interest rate caps on deposits | ​ | ​ | - | ​ | ​ | (2,066) | ​ | ​ | ​ | - | ​ | ​ | (263) | ​
Gain on interest rate swaps on junior subordinated debentures | ​ | ​ | - | ​ | ​ | (328) | ​ | ​ | ​ | - | ​ | ​ | 73 | ​
Loss on interest rate swaps and collars on loans | ​ | ​ | (2,495) | ​ | ​ | - | ​ | ​ | ​ | (426) | ​ | ​ | - | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
The effects of fair value hedging: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Gain on interest rate swaps on loans | ​ | ​ | 828 | ​ | ​ | - | ​ | ​ | ​ | - | ​ | ​ | - | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Nine Months Ended September 30, 2023 | ​ | ​ | Nine Months Ended September 30, 2022 | ​
​ | ​ | Interest and | ​ | Interest | ​ | ​ | Interest and | ​ | Interest | ​
​ | ​ | Dividend Income | ​ | Expense | ​ | ​ | Dividend Income | ​ | Expense | ​
​ | ​ | (dollars in thousands)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Income and expense line items presented in the consolidated statements of income | ​ | $ | 301,162 | ​ | $ | 135,892 | ​ | ​ | $ | 198,534 | ​ | $ | 32,632 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
The effects of cash flow hedging: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Gain on interest rate caps on deposits | ​ | ​ | - | ​ | ​ | (5,522) | ​ | ​ | ​ | - | ​ | ​ | 199 | ​
Gain on interest rate swaps on junior subordinated debentures | ​ | ​ | - | ​ | ​ | (830) | ​ | ​ | ​ | - | ​ | ​ | 536 | ​
Loss on interest rate swaps and collars on loans | ​ | ​ | (6,757) | ​ | ​ | - | ​ | ​ | ​ | 715 | ​ | ​ | - | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
The effects of fair value hedging: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Gain on interest rate swaps on loans | ​ | ​ | 828 | ​ | ​ | - | ​ | ​ | ​ | - | ​ | ​ | - | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Schedule of hedged interest rate swaps and non-hedged interest rate swaps are collateralized by investment securities with carrying values | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | September 30, 2023 | ​ | December 31, 2022
​ | ​ | (dollars in thousands)
​ | ​ | ​ | ​ | ​ | ​ | ​
Cash | ​ | $ | 1,275 | ​ | $ | 1,272
Municipal securities | ​ | ​ | 3,945 | ​ | ​ | 8,227
Residential mortgage-backed and related securities | ​ |  | 5,778 | ​ |  | 29,257
​ | ​ | $ | 10,998 | ​ | $ | 38,756
​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate caps |
Notes Tables |
Schedule of interest rate caps | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | Balance Sheet | ​ | ​ | ​ | ​ | ​ | ​ | Fair Value as of | ​ | ​
Hedged Item | ​ | Effective Date | ​ | Maturity Date | ​ | Location | ​ | Notional Amount | ​ | Strike Rate | ​ | September 30, 2023 | ​ | ​ | December 31, 2022 | ​ | ​
(dollars in thousands) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Deposits | ​ | 1/1/2020 | ​ | 1/1/2023 | ​ | Derivatives - Assets | ​ | $ | 25,000 | ​ | 1.75 | % | ​ | $ | - | ​ | ​ | $ | (50) | ​ | ​
Deposits | ​ | 1/1/2020 | ​ | 1/1/2024 | ​ | Derivatives - Assets | ​ | ​ | 25,000 | ​ | 1.75 | % | ​ | ​ | 157 | ​ | ​ | ​ | 714 | ​ | ​
Deposits | ​ | 1/1/2020 | ​ | 1/1/2024 | ​ | Derivatives - Assets | ​ | ​ | 50,000 | ​ | 1.57 | % | ​ | ​ | 474 | ​ | ​ | ​ | 1,566 | ​ | ​
Deposits | ​ | 1/1/2020 | ​ | 1/1/2024 | ​ | Derivatives - Assets | ​ | ​ | 25,000 | ​ | 1.80 | % | ​ | ​ | 237 | ​ | ​ | ​ | 783 | ​ | ​
Deposits | ​ | 1/1/2020 | ​ | 1/1/2025 | ​ | Derivatives - Assets | ​ | ​ | 25,000 | ​ | 1.75 | % | ​ | ​ | 1,010 | ​ | ​ | ​ | 1,264 | ​ | ​
Deposits | ​ | 1/1/2020 | ​ | 1/1/2025 | ​ | Derivatives - Assets | ​ | ​ | 50,000 | ​ | 1.57 | % | ​ | ​ | 2,212 | ​ | ​ | ​ | 2,700 | ​ | ​
Deposits | ​ | 1/1/2020 | ​ | 1/1/2025 | ​ | Derivatives - Assets | ​ | ​ | 25,000 | ​ | 1.80 | % | ​ | ​ | 1,106 | ​ | ​ | ​ | 1,350 | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 225,000 | ​ | ​ | ​ | ​ | $ | 5,196 | ​ | ​ | $ | 8,327 | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Changes in the fair value of the underlying derivative contracts | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Balance Sheet | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Fair Value as of | ​ | ​
Effective Date | ​ | Maturity Date | ​ | Location | ​ | Notional Amount | ​ | Strike Rate | ​ | ​ | September 30, 2023 | ​ | ​ | December 31, 2022 | ​ | ​
(dollars in thousands) | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
1/1/2020 | ​ | 1/3/2023 | ​ | Derivatives - Assets | ​ | $ | 25,000 | ​ | 1.90 | % | ​ | $ | - | ​ | ​ | $ | 3 | ​ | ​
2/1/2020 | ​ | 2/1/2024 | ​ | Derivatives - Assets | ​ | ​ | 25,000 | ​ | 1.90 | % | ​ | ​ | 310 | ​ | ​ | ​ | 822 | ​ | ​
3/1/2020 | ​ | 3/3/2025 | ​ | Derivatives - Assets | ​ | ​ | 25,000 | ​ | 1.90 | % | ​ | ​ | 1,223 | ​ | ​ | ​ | 1,388 | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | $ | 75,000 | ​ | ​ | ​ | ​ | $ | 1,533 | ​ | ​ | $ | 2,213 | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swaps |
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 | ​ | September 30, 2023 | ​ | December 31, 2022
​ | ​ | ​ | (dollars in thousands) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
QCR Holdings Statutory Trust II |  | 9/30/2018 | ​ | 9/30/2028 | ​ | Derivatives - Assets |  | $ | 10,000 | ​ | 8.51 | % | ​ |  | 5.85 | % | ​ | $ | 710 | ​ | $ | 464
QCR Holdings Statutory Trust III |  | 9/30/2018 | ​ | 9/30/2028 | ​ | Derivatives - Assets |  | ​ | 8,000 | ​ | 8.51 | % | ​ |  | 5.85 | % | ​ | ​ | 568 | ​ | ​ | 372
QCR Holdings Statutory Trust V |  | 7/7/2018 | ​ | 7/7/2028 | ​ | Derivatives - Assets |  | ​ | 10,000 | ​ | 7.12 | % | ​ |  | 4.54 | % | ​ | ​ | 691 | ​ | ​ | 459
Community National Statutory Trust II |  | 9/20/2018 | ​ | 9/20/2028 | ​ | Derivatives - Assets |  | ​ | 3,000 | ​ | 7.83 | % | ​ |  | 5.17 | % | ​ | ​ | 212 | ​ | ​ | 140
Community National Statutory Trust III |  | 9/15/2018 | ​ | 9/15/2028 | ​ | Derivatives - Assets |  | ​ | 3,500 | ​ | 7.42 | % | ​ |  | 4.75 | % | ​ | ​ | 247 | ​ | ​ | 163
Guaranty Bankshares Statutory Trust I |  | 9/15/2018 | ​ | 9/15/2028 | ​ | Derivatives - Assets | ​ | ​ | 4,500 | ​ | 7.42 | % | ​ | ​ | 4.75 | % | ​ | ​ | 318 | ​ | ​ | 209
Guaranty Statutory Trust II* |  | 5/23/2019 | ​ | 2/23/2026 | ​ | Derivatives - Assets |  | ​ | 10,310 | ​ | 7.09 | % | ​ |  | 4.09 | % | ​ | ​ | 588 | ​ | ​ | 477
​ |  |  | ​ | ​ | ​ | ​ |  | $ | 49,310 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 3,334 | ​ | $ | 2,284
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
* Acquired on 4/1/2022 with GFED acquisition. | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | Balance Sheet | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Fair Value as of
Hedged Item | ​ | Effective Date | ​ | Maturity Date | ​ | Location | ​ | Notional Amount | ​ | Receive Rate | ​ | ​ | ​ | Pay Rate | ​ | ​ | September 30, 2023 | ​ | December 31, 2022
(dollars in thousands)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loans |  | 7/1/2021 | ​ | 7/1/2031 | ​ | Derivatives - Liabilities |  | $ | 35,000 | ​ | 1.40 | % | ​ |  | 5.31 | % | ​ | $ | (6,776) | ​ | $ | (5,646)
Loans |  | 7/1/2021 | ​ | 7/1/2031 | ​ | Derivatives - Liabilities |  | ​ | 50,000 | ​ | 1.40 | % | ​ |  | 5.31 | % | ​ | ​ | (9,680) | ​ | ​ | (8,066)
Loans |  | 7/1/2021 | ​ | 7/1/2031 | ​ | Derivatives - Liabilities |  | ​ | 40,000 | ​ | 1.40 | % | ​ |  | 5.31 | % | ​ | ​ | (7,755) | ​ | ​ | (6,464)
Loans |  | 10/1/2022 | ​ | 7/1/2031 | ​ | Derivatives - Liabilities |  | ​ | 25,000 | ​ | 1.30 | % | ​ |  | 5.31 | % | ​ | ​ | (4,877) | ​ | ​ | (4,018)
Loans |  | 4/1/2022 | ​ | 4/1/2027 | ​ | Derivatives - Liabilities |  | ​ | 15,000 | ​ | 1.91 | % | ​ |  | 5.31 | % | ​ | ​ | (1,301) | ​ | ​ | (1,144)
Loans |  | 4/1/2022 | ​ | 4/1/2027 | ​ | Derivatives - Liabilities |  | ​ | 50,000 | ​ | 1.91 | % | ​ |  | 5.31 | % | ​ | ​ | (4,335) | ​ | ​ | (3,812)
Loans |  | 4/1/2022 | ​ | 4/1/2027 | ​ | Derivatives - Liabilities |  | ​ | 35,000 | ​ | 1.91 | % | ​ |  | 5.31 | % | ​ | ​ | (3,035) | ​ | ​ | (2,669)
Loans | ​ | 4/1/2022 | ​ | 4/1/2027 | ​ | Derivatives - Liabilities | ​ | ​ | 50,000 | ​ | 1.91 | % | ​ | ​ | 5.31 | % | ​ | ​ | (4,336) | ​ | ​ | (3,812)
​ |  |  | ​ | ​ | ​ | ​ |  | $ | 300,000 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | (42,095) | ​ | $ | (35,631)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | Balance Sheet | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Fair Value as of
Hedged Item | ​ | Effective Date | ​ | Maturity Date | ​ | Location | ​ | Notional Amount | ​ | Receive Rate | ​ | ​ | ​ | Pay Rate | ​ | ​ | September 30, 2023 | ​ | December 31, 2022
(dollars in thousands)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loans |  | 7/12/2023 | ​ | 2/1/2026 | ​ | Derivatives - Assets |  | $ | 25,000 | ​ | 5.31 | % | ​ |  | 4.38 | % | ​ | $ | 204 | ​ | $ | N/A
Loans |  | 7/12/2023 | ​ | 8/1/2026 | ​ | Derivatives - Assets |  | ​ | 30,000 | ​ | 5.31 | % | ​ |  | 4.21 | % | ​ | ​ | 304 | ​ | ​ | N/A
Loans |  | 7/12/2023 | ​ | 2/1/2027 | ​ | Derivatives - Assets |  | ​ | 32,500 | ​ | 5.31 | % | ​ |  | 4.08 | % | ​ | ​ | 409 | ​ | ​ | N/A
Loans |  | 7/12/2023 | ​ | 8/1/2027 | ​ | Derivatives - Assets |  | ​ | 32,500 | ​ | 5.31 | % | ​ |  | 3.98 | % | ​ | ​ | 488 | ​ | ​ | N/A
Loans |  | 7/12/2023 | ​ | 2/1/2028 | ​ | Derivatives - Assets |  | ​ | 30,000 | ​ | 5.31 | % | ​ |  | 3.90 | % | ​ | ​ | 532 | ​ | ​ | N/A
Loans |  | 7/12/2023 | ​ | 2/1/2026 | ​ | Derivatives - Assets |  | ​ | 15,000 | ​ | 5.31 | % | ​ |  | 4.38 | % | ​ | ​ | 123 | ​ | ​ | N/A
Loans |  | 7/12/2023 | ​ | 8/1/2026 | ​ | Derivatives - Assets |  | ​ | 15,000 | ​ | 5.31 | % | ​ |  | 4.21 | % | ​ | ​ | 152 | ​ | ​ | N/A
Loans | ​ | 7/12/2023 | ​ | 2/1/2027 | ​ | Derivatives - Assets | ​ | ​ | 15,000 | ​ | 5.31 | % | ​ | ​ | 4.08 | % | ​ | ​ | 189 | ​ | ​ | N/A
Loans | ​ | 7/12/2023 | ​ | 8/1/2027 | ​ | Derivatives - Assets | ​ | ​ | 15,000 | ​ | 5.31 | % | ​ | ​ | 3.98 | % | ​ | ​ | 225 | ​ | ​ | N/A
Loans | ​ | 7/12/2023 | ​ | 2/1/2028 | ​ | Derivatives - Assets | ​ | ​ | 15,000 | ​ | 5.31 | % | ​ | ​ | 3.90 | % | ​ | ​ | 267 | ​ | ​ | N/A
Loans | ​ | 7/12/2023 | ​ | 8/1/2025 | ​ | Derivatives - Assets | ​ | ​ | 15,000 | ​ | 5.31 | % | ​ | ​ | 4.60 | % | ​ | ​ | 90 | ​ | ​ | N/A
Loans | ​ | 7/12/2023 | ​ | 2/1/2026 | ​ | Derivatives - Assets | ​ | ​ | 20,000 | ​ | 5.31 | % | ​ | ​ | 4.38 | % | ​ | ​ | 163 | ​ | ​ | N/A
Loans | ​ | 7/12/2023 | ​ | 8/1/2026 | ​ | Derivatives - Assets | ​ | ​ | 20,000 | ​ | 5.31 | % | ​ | ​ | 4.21 | % | ​ | ​ | 203 | ​ | ​ | N/A
Loans | ​ | 7/12/2023 | ​ | 2/1/2027 | ​ | Derivatives - Assets | ​ | ​ | 20,000 | ​ | 5.31 | % | ​ | ​ | 4.08 | % | ​ | ​ | 252 | ​ | ​ | N/A
Loans | ​ | 7/12/2023 | ​ | 8/1/2027 | ​ | Derivatives - Assets | ​ | ​ | 25,000 | ​ | 5.31 | % | ​ | ​ | 3.98 | % | ​ | ​ | 376 | ​ | ​ | N/A
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 325,000 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 3,977 | ​ | $ | N/A
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​
Changes in the fair value of the underlying derivative contracts | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | September 30, 2023 | ​ | December 31, 2022
​ | ​ | ​ | Notional Amount | ​ | Estimated Fair Value | ​ | Notional Amount | ​ | Estimated Fair Value
​ | ​ | ​ | (dollars in thousands)
Non-Hedging Interest Rate Derivatives Assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swap contracts | ​ | ​ | $ | 2,967,392 | ​ | $ | 277,255 | ​ | $ | 2,528,949 | ​ | $ | 166,614
Non-Hedging Interest Rate Derivatives Liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swap contracts | ​ | ​ | $ | 2,967,392 | ​ | $ | 277,255 | ​ | $ | 2,528,949 | ​ | $ | 166,614
Interest rate collars |
Notes Tables |
Schedule of interest rate caps | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Fair Value as of
Hedged Item | ​ | Effective Date | ​ | Maturity Date | ​ | Location | ​ | Notional Amount | ​ | Cap Strike Rate | ​ | ​ | Floor Strike Rate | ​ | September 30, 2023 | ​ | December 31, 2022
Loans |  | 10/1/2022 | ​ | 10/1/2026 | ​ | Derivatives - Liabilities |  | $ | 50,000 | ​ | 4.40 | % |  | 2.44 | % | ​ | $ | (870) | ​ | $ | (263)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​

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: | dtr-types: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 -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4B + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 815 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-1A Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-1B Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-8 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4B Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-1 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-5 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of interest rate derivatives, including, but not limited to, the fair value of the derivatives, statement of financial position location, and statement of financial performance location of these instruments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C + Details
Name: | us-gaap_ScheduleOfInterestRateDerivativesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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 -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 4CC -SubTopic 10 -Topic 815 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4CC + Details
Name: | us-gaap_ScheduleOfOtherDerivativesNotDesignatedAsHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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: |

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