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Note 5 - DERIVATIVES AND HEDGING ACTIVITIES (Tables) | 6 Months Ended
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Jun. 30, 2025
DERIVATIVES AND HEDGING ACTIVITIES |
Summary of derivatives | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | June 30, 2025 |  | December 31, 2024
​ | ​ | (dollars in thousands)
Assets: | ​ | ​ | ​ | ​ | ​ | ​
Hedged Derivatives | ​ | ​ | ​ | ​ | ​ | ​
Cash Flow Hedges | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swaps | ​ | $ | 852 | ​ | $ | 1,905
Interest rate collars | ​ | ​ | 14 | ​ | ​ | —
Unhedged Derivatives | ​ | ​ | ​ | ​ | ​ | ​
Interest rate caps | ​ | ​ | — | ​ | ​ | 118
Swaptions | ​ | ​ | 416 | ​ | ​ | 998
Interest rate swaps | ​ |  | 183,700 | ​ |  | 183,760
​ | ​ | $ | 184,982 | ​ | $ | 186,781
​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities: | ​ | ​ | ​ | ​ | ​ | ​
Hedged Derivatives | ​ | ​ | ​ | ​ | ​ | ​
Cash Flow Hedges | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swaps | ​ | $ | (23,056) | ​ | $ | (30,623)
Interest rate collars | ​ | ​ | (356) | ​ | ​ | (105)
Fair Value Hedges | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swaps | ​ | ​ | (2,393) | ​ | ​ | (335)
Unhedged Derivatives | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swaps | ​ | ​ | (183,700) | ​ | ​ | (183,760)
​ | ​ | $ | (209,505) | ​ | $ | (214,823)
​ | ​ | ​ | ​ | ​ | ​ | ​
Summary of impact of AOCI | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended June 30, 2025 | ​ | Three Months Ended June 30, 2024
​ | ​ | 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 | ​ | $ | 120,247 | ​ | $ | 58,165 | ​ | ​ | $ | 119,746 | ​ | $ | 63,583 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
The effects of cash flow hedging: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Gain (loss) on interest rate caps and collars on deposits | ​ | ​ | - | ​ | ​ | - | ​ | ​ | ​ | - | ​ | ​ | (1,039) | ​
Gain (loss) on interest rate swaps on debt | ​ | ​ | - | ​ | ​ | (210) | ​ | ​ | ​ | - | ​ | ​ | (337) | ​
Loss on interest rate swaps and collars on loans | ​ | ​ | (2,109) | ​ | ​ | - | ​ | ​ | ​ | (2,987) | ​ | ​ | - | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
The effects of fair value hedging: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Gain on interest rate swaps on loans | ​ | ​ | 165 | ​ | ​ | - | ​ | ​ | ​ | 985 | ​ | ​ | - | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six Months Ended June 30, 2025 | ​ | ​ | Six Months Ended June 30, 2024 | ​
​ | ​ | 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 | ​ | $ | 236,920 | ​ | $ | 114,852 | ​ | ​ | $ | 234,795 | ​ | $ | 123,933 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
The effects of cash flow hedging: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Gain (loss) on interest rate caps and collars on deposits | ​ | ​ | - | ​ | ​ | (117) | ​ | ​ | ​ | - | ​ | ​ | (2,155) | ​
Gain (loss) on interest rate swaps on debt | ​ | ​ | - | ​ | ​ | (419) | ​ | ​ | ​ | - | ​ | ​ | (673) | ​
(Gain) loss on interest rate swaps and collars on loans | ​ | ​ | (4,192) | ​ | ​ | - | ​ | ​ | ​ | (5,961) | ​ | ​ | - | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
The effects of fair value hedging: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Gain on interest rate swaps on loans | ​ | ​ | 335 | ​ | ​ | - | ​ | ​ | ​ | 1,962 | ​ | ​ | - | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Schedule of hedged interest rate swaps and non-hedged interest rate swaps are collateralized by investment securities with carrying values | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | June 30, 2025 | ​ | December 31, 2024
​ | ​ | (dollars in thousands)
​ | ​ | ​ | ​ | ​ | ​ | ​
Cash | ​ | $ | 41,911 | ​ | $ | 39,431
U.S. govt. sponsored agency securities | ​ | ​ | 6,469 | ​ | ​ | 6,222
Municipal securities | ​ | ​ | 140,958 | ​ | ​ | 151,107
Residential mortgage-backed and related securities | ​ |  | 25,272 | ​ |  | 18,132
​ | ​ | $ | 214,610 | ​ | $ | 214,892
​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate collars |
DERIVATIVES AND HEDGING ACTIVITIES |
Schedule of fair value of derivative | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Fair Value as of
Hedged Item | ​ | Effective Date | ​ | Maturity Date | ​ | Location | ​ | Notional Amount | ​ | Cap Strike Rate | ​ | ​ | Floor Strike Rate | ​ | June 30, 2025 | ​ | December 31, 2024
(dollars in thousands)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loans |  | 10/1/2022 | ​ | 10/1/2026 | ​ | Derivatives - Assets (Liabilities) |  | $ | 50,000 | ​ | 4.40 | % |  | 2.44 | % | ​ | $ | 14 | ​ | $ | (105)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | Balance Sheet | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Fair Value as of | ​ | ​
Hedged Item | ​ | Effective Date | ​ | Maturity Date | ​ | Location | ​ | Notional Amount | ​ | Cap Strike Rate | ​ | Floor Strike Rate | ​ | June 30, 2025 | ​ | ​ | December 31, 2024 | ​ | ​
(dollars in thousands) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Deposits | ​ | 5/1/2025 | ​ | 11/1/2027 | ​ | Derivatives - Liabilities | ​ | $ | 50,000 | ​ | 4.40 | % | ​ | 2.24 | % | ​ | $ | (77) | ​ | ​ | $ | N/A | ​ | ​
Deposits | ​ | 5/1/2025 | ​ | 5/1/2028 | ​ | Derivatives - Liabilities | ​ | ​ | 50,000 | ​ | 4.40 | % | ​ | 2.34 | % | ​ | ​ | (117) | ​ | ​ | ​ | N/A | ​ | ​
Deposits | ​ | 5/1/2025 | ​ | 11/1/2028 | ​ | Derivatives - Liabilities | ​ | ​ | 50,000 | ​ | 4.40 | % | ​ | 2.43 | % | ​ | ​ | (162) | ​ | ​ | ​ | N/A | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 150,000 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | (356) | ​ | ​ | $ | N/A | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swaps |
DERIVATIVES AND HEDGING ACTIVITIES |
Schedule of fair value of derivative | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | Balance Sheet | ​ | Notional | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Fair Value as of
Hedged Item |  | Effective Date |  | Maturity Date |  | Location |  | Amount |  | Receive Rate |  | Pay Rate |  | June 30, 2025 |  | December 31, 2024
(dollars in thousands)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
QCR Holdings Statutory Trust V |  | 7/7/2018 | ​ | 7/7/2028 | ​ | Derivatives - Assets |  | $ | 10,000 | ​ | 6.61 | % | ​ | 4.54 | % | ​ | $ | 185 | ​ | $ | 427
Community National Statutory Trust III |  | 9/15/2018 | ​ | 9/15/2028 | ​ | Derivatives - Assets |  | ​ | 3,500 | ​ | 6.33 | % | ​ | 4.75 | % | ​ | ​ | 86 | ​ | ​ | 197
Guaranty Bankshares Statutory Trust I |  | 9/15/2018 | ​ | 9/15/2028 | ​ | Derivatives - Assets | ​ | ​ | 4,500 | ​ | 6.33 | % | ​ | 4.75 | % | ​ | ​ | 67 | ​ | ​ | 153
Community National Statutory Trust II |  | 9/20/2018 | ​ | 9/20/2028 | ​ | Derivatives - Assets |  | ​ | 3,000 | ​ | 6.76 | % | ​ | 5.17 | % | ​ | ​ | 58 | ​ | ​ | 132
QCR Holdings Statutory Trust II |  | 9/30/2018 | ​ | 9/30/2028 | ​ | Derivatives - Assets |  | ​ | 10,000 | ​ | 7.41 | % | ​ | 5.85 | % | ​ | ​ | 193 | ​ | ​ | 443
QCR Holdings Statutory Trust III |  | 9/30/2018 | ​ | 9/30/2028 | ​ | Derivatives - Assets |  | ​ | 8,000 | ​ | 7.41 | % | ​ | 5.85 | % | ​ | ​ | 154 | ​ | ​ | 353
Guaranty Statutory Trust II |  | 5/23/2019 | ​ | 2/23/2026 | ​ | Derivatives - Assets |  | ​ | 10,310 | ​ | 6.04 | % | ​ | 4.09 | % | ​ | ​ | 109 | ​ | ​ | 200
QCR Holdings Subordinated Note |  | 3/1/2024 | ​ | 2/15/2028 | ​ | Derivatives - Liabilities |  | ​ | 65,000 | ​ | 4.36 | % | ​ | 4.02 | % | ​ | ​ | (1,063) | ​ | ​ | (50)
​ |  |  | ​ | ​ | ​ | ​ |  | $ | 114,310 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | (211) | ​ | $ | 1,855
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | Balance Sheet | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Fair Value as of
Hedged Item |  | Effective Date |  | Maturity Date |  | Location |  | Notional Amount |  |  | Receive Rate |  |  | Pay Rate |  | June 30, 2025 |  | December 31, 2024
(dollars in thousands)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loans |  | 7/1/2021 | ​ | 7/1/2031 | ​ | Derivatives - Liabilities |  | $ | 35,000 | ​ | ​ | 1.40 | % | ​ |  | 4.43 | % | ​ | $ | (4,098) | ​ | $ | (5,445)
Loans |  | 7/1/2021 | ​ | 7/1/2031 | ​ | Derivatives - Liabilities |  | ​ | 50,000 | ​ | ​ | 1.40 | % | ​ |  | 4.43 | % | ​ | ​ | (5,855) | ​ | ​ | (7,779)
Loans |  | 7/1/2021 | ​ | 7/1/2031 | ​ | Derivatives - Liabilities |  | ​ | 40,000 | ​ | ​ | 1.40 | % | ​ |  | 4.43 | % | ​ | ​ | (4,693) | ​ | ​ | (6,233)
Loans |  | 10/1/2022 | ​ | 7/1/2031 | ​ | Derivatives - Liabilities |  | ​ | 25,000 | ​ | ​ | 1.30 | % | ​ |  | 4.43 | % | ​ | ​ | (2,950) | ​ | ​ | (3,916)
Loans |  | 4/1/2022 | ​ | 4/1/2027 | ​ | Derivatives - Liabilities |  | ​ | 15,000 | ​ | ​ | 1.91 | % | ​ |  | 4.43 | % | ​ | ​ | (440) | ​ | ​ | (720)
Loans |  | 4/1/2022 | ​ | 4/1/2027 | ​ | Derivatives - Liabilities |  | ​ | 50,000 | ​ | ​ | 1.91 | % | ​ |  | 4.43 | % | ​ | ​ | (1,466) | ​ | ​ | (2,400)
Loans |  | 4/1/2022 | ​ | 4/1/2027 | ​ | Derivatives - Liabilities |  | ​ | 35,000 | ​ | ​ | 1.91 | % | ​ |  | 4.43 | % | ​ | ​ | (1,026) | ​ | ​ | (1,680)
Loans | ​ | 4/1/2022 | ​ | 4/1/2027 | ​ | Derivatives - Liabilities | ​ | ​ | 50,000 | ​ | ​ | 1.91 | % | ​ | ​ | 4.43 | % | ​ | ​ | (1,465) | ​ | ​ | (2,400)
​ |  |  | ​ | ​ | ​ | ​ |  | $ | 300,000 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | (21,993) | ​ | $ | (30,573)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | Balance Sheet | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Fair Value as of
Hedged Item | ​ | Effective Date | ​ | Maturity Date | ​ | Location | ​ | Notional Amount | ​ | Receive Rate | ​ | ​ | ​ | Pay Rate | ​ | ​ | June 30, 2025 | ​ | December 31, 2024
(dollars in thousands)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loans | ​ | 7/12/2023 | ​ | 8/1/2025 | ​ | Derivatives - Liabilities | ​ | $ | 15,000 | ​ | 4.32 | % | ​ | ​ | 4.60 | % | ​ | $ | (3) | ​ | $ | (35)
Loans |  | 7/12/2023 | ​ | 2/1/2026 | ​ | Derivatives - Liabilities |  | ​ | 25,000 | ​ | 4.32 | % | ​ |  | 4.38 | % | ​ | ​ | (47) | ​ | ​ | (77)
Loans |  | 7/12/2023 | ​ | 2/1/2026 | ​ | Derivatives - Liabilities |  | ​ | 15,000 | ​ | 4.32 | % | ​ |  | 4.38 | % | ​ | ​ | (28) | ​ | ​ | (46)
Loans | ​ | 7/12/2023 | ​ | 2/1/2026 | ​ | Derivatives - Liabilities | ​ | ​ | 20,000 | ​ | 4.32 | % | ​ | ​ | 4.38 | % | ​ | ​ | (37) | ​ | ​ | (61)
Loans |  | 7/12/2023 | ​ | 8/1/2026 | ​ | Derivatives - Liabilities |  | ​ | 30,000 | ​ | 4.32 | % | ​ |  | 4.21 | % | ​ | ​ | (144) | ​ | ​ | (79)
Loans |  | 7/12/2023 | ​ | 8/1/2026 | ​ | Derivatives - Liabilities |  | ​ | 15,000 | ​ | 4.32 | % | ​ |  | 4.21 | % | ​ | ​ | (72) | ​ | ​ | (40)
Loans | ​ | 7/12/2023 | ​ | 8/1/2026 | ​ | Derivatives - Liabilities | ​ | ​ | 20,000 | ​ | 4.32 | % | ​ | ​ | 4.21 | % | ​ | ​ | (96) | ​ | ​ | (53)
Loans |  | 7/12/2023 | ​ | 2/1/2027 | ​ | Derivatives - Liabilities |  | ​ | 32,500 | ​ | 4.32 | % | ​ |  | 4.08 | % | ​ | ​ | (270) | ​ | ​ | (44)
Loans | ​ | 7/12/2023 | ​ | 2/1/2027 | ​ | Derivatives - Liabilities | ​ | ​ | 15,000 | ​ | 4.32 | % | ​ | ​ | 4.08 | % | ​ | ​ | (125) | ​ | ​ | (20)
Loans | ​ | 7/12/2023 | ​ | 2/1/2027 | ​ | Derivatives - Liabilities | ​ | ​ | 20,000 | ​ | 4.32 | % | ​ | ​ | 4.08 | % | ​ | ​ | (166) | ​ | ​ | (27)
Loans |  | 7/12/2023 | ​ | 8/1/2027 | ​ | Derivatives - Liabilities |  | ​ | 32,500 | ​ | 4.32 | % | ​ |  | 3.98 | % | ​ | ​ | (364) | ​ | ​ | 14
Loans | ​ | 7/12/2023 | ​ | 8/1/2027 | ​ | Derivatives - Liabilities | ​ | ​ | 15,000 | ​ | 4.32 | % | ​ | ​ | 3.98 | % | ​ | ​ | (168) | ​ | ​ | 6
Loans | ​ | 7/12/2023 | ​ | 8/1/2027 | ​ | Derivatives - Liabilities | ​ | ​ | 25,000 | ​ | 4.32 | % | ​ | ​ | 3.98 | % | ​ | ​ | (280) | ​ | ​ | 11
Loans |  | 7/12/2023 | ​ | 2/1/2028 | ​ | Derivatives - Liabilities |  | ​ | 30,000 | ​ | 4.32 | % | ​ |  | 3.90 | % | ​ | ​ | (395) | ​ | ​ | 77
Loans | ​ | 7/12/2023 | ​ | 2/1/2028 | ​ | Derivatives - Liabilities | ​ | ​ | 15,000 | ​ | 4.32 | % | ​ | ​ | 3.90 | % | ​ | ​ | (198) | ​ | ​ | 39
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 325,000 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | (2,393) | ​ | $ | (335)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Changes in the fair value of the underlying derivative contracts | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | As of June 30, 2025 | ​ | As of December 31, 2024
​ | ​ | ​ | Notional Amount | ​ | Estimated Fair Value | ​ | Notional Amount | ​ | Estimated Fair Value
​ | ​ | ​ | (dollars in thousands)
Non-Hedging Interest Rate Derivatives Assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swap contracts | ​ | ​ | $ | 4,339,462 | ​ | $ | 183,700 | ​ | $ | 4,148,306 | ​ | $ | 183,760
Non-Hedging Interest Rate Derivatives Liabilities: | ​ | ​ | ​ | - | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swap contracts | ​ | ​ | $ | 4,339,462 | ​ | $ | 183,700 | ​ | $ | 4,148,306 | ​ | $ | 183,760
Interest rate caps |
DERIVATIVES AND HEDGING ACTIVITIES |
Schedule of fair value of derivative | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Balance Sheet | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Fair Value as of | ​ | ​
Effective Date | ​ | Maturity Date | ​ | Location | ​ | Notional Amount | ​ | Strike Rate | ​ | ​ | June 30, 2025 | ​ | ​ | December 31, 2024 | ​ | ​
(dollars in thousands) | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
3/1/2020 | ​ | 3/3/2025 | ​ | Derivatives - Assets | ​ | $ | 25,000 | ​ | 1.90 | % | ​ | $ | - | ​ | ​ | $ | 118 | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Swaptions |
DERIVATIVES AND HEDGING ACTIVITIES |
Changes in the fair value of the underlying derivative contracts | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Fair Value as of
Effective Date | ​ | Maturity Date | ​ | Location | ​ | Notional Amount | ​ | Strike Rate | ​ | June 30, 2025 | ​ | December 31, 2024
(dollars in thousands)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
7/30/2024 | ​ | 7/30/2025 | ​ | Derivatives - Assets |  | $ | 77,600 | ​ | 2.13 | % | ​ | $ | - | ​ | $ | 37
7/30/2024 | ​ | 7/30/2025 | ​ | Derivatives - Assets | ​ | ​ | 33,100 | ​ | 2.62 | % | ​ | ​ | 43 | ​ | ​ | 54
7/30/2024 | ​ | 7/30/2025 | ​ | Derivatives - Assets | ​ | ​ | 28,254 | ​ | 2.12 | % | ​ | ​ | 26 | ​ | ​ | 48
7/30/2024 | ​ | 7/30/2025 | ​ | Derivatives - Assets | ​ | ​ | 66,247 | ​ | 2.63 | % | ​ | ​ | - | ​ | ​ | 33
7/30/2024 | ​ | 1/29/2026 | ​ | Derivatives - Assets | ​ | ​ | 20,750 | ​ | 2.63 | % | ​ | ​ | 89 | ​ | ​ | 102
7/30/2024 | ​ | 1/29/2026 | ​ | Derivatives - Assets | ​ | ​ | 41,700 | ​ | 2.13 | % | ​ | ​ | 61 | ​ | ​ | 77
7/30/2024 | ​ | 1/30/2026 | ​ | Derivatives - Assets | ​ | ​ | 36,546 | ​ | 2.14 | % | ​ | ​ | 23 | ​ | ​ | 70
7/30/2024 | ​ | 1/30/2026 | ​ | Derivatives - Assets | ​ | ​ | 18,453 | ​ | 2.64 | % | ​ | ​ | 39 | ​ | ​ | 93
7/30/2024 | ​ | 7/30/2026 | ​ | Derivatives - Assets | ​ | ​ | 16,100 | ​ | 2.64 | % | ​ | ​ | - | ​ | ​ | 140
7/30/2024 | ​ | 7/30/2026 | ​ | Derivatives - Assets | ​ | ​ | 29,800 | ​ | 2.14 | % | ​ | ​ | - | ​ | ​ | 116
7/30/2024 | ​ | 7/30/2026 | ​ | Derivatives - Assets | ​ | ​ | 25,971 | ​ | 2.14 | % | ​ | ​ | 54 | ​ | ​ | 103
7/30/2024 | ​ | 7/30/2026 | ​ | Derivatives - Assets | ​ | ​ | 14,280 | ​ | 2.64 | % | ​ | ​ | 81 | ​ | ​ | 125
​ | ​ | ​ | ​ | ​ |  | $ | 408,801 | ​ | ​ | ​ | ​ | $ | 416 | ​ | $ | 998
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​

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- 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://www.xbrl.org/2003/role/exampleRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 182 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480401/815-10-55-182 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
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- 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 No definition available. + Details
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- 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://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
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- Definition Tabular disclosure of derivative instrument not designated or qualifying as hedging instrument. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4CC -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4CC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
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