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Note 5 - DERIVATIVES AND HEDGING ACTIVITIES (Tables) | 9 Months Ended
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Sep. 30, 2025
DERIVATIVES AND HEDGING ACTIVITIES |
Summary of derivatives | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | September 30, 2025 |  | December 31, 2024
​ | ​ | (dollars in thousands)
Assets: | ​ | ​ | ​ | ​ | ​ | ​
Hedged Derivatives | ​ | ​ | ​ | ​ | ​ | ​
Cash Flow Hedges | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swaps | ​ | $ | 691 | ​ | $ | 1,905
Interest rate collars | ​ | ​ | 5 | ​ | ​ | —
Unhedged Derivatives | ​ | ​ | ​ | ​ | ​ | ​
Interest rate caps | ​ | ​ | — | ​ | ​ | 118
Swaptions | ​ | ​ | 134 | ​ | ​ | 998
Interest rate swaps | ​ |  | 206,945 | ​ |  | 183,760
​ | ​ | $ | 207,775 | ​ | $ | 186,781
​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities: | ​ | ​ | ​ | ​ | ​ | ​
Hedged Derivatives | ​ | ​ | ​ | ​ | ​ | ​
Cash Flow Hedges | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swaps | ​ | $ | (21,218) | ​ | $ | (30,623)
Interest rate collars | ​ | ​ | (240) | ​ | ​ | (105)
Fair Value Hedges | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swaps | ​ | ​ | (2,339) | ​ | ​ | (335)
Unhedged Derivatives | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swaps | ​ | ​ | (206,945) | ​ | ​ | (183,760)
​ | ​ | $ | (230,742) | ​ | $ | (214,823)
​ | ​ | ​ | ​ | ​ | ​ | ​
Summary of impact of AOCI | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended September 30, 2025 | ​ | Three Months Ended September 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 | ​ | $ | 125,015 | ​ | $ | 60,216 | ​ | ​ | $ | 125,420 | ​ | $ | 65,698 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
The effects of cash flow hedging: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Gain (loss) on interest rate caps and collars on deposits | ​ | ​ | - | ​ | ​ | - | ​ | ​ | ​ | - | ​ | ​ | (1,029) | ​
Gain (loss) on interest rate swaps on debt | ​ | ​ | - | ​ | ​ | (214) | ​ | ​ | ​ | - | ​ | ​ | (339) | ​
Loss on interest rate swaps and collars on loans | ​ | ​ | (2,144) | ​ | ​ | - | ​ | ​ | ​ | (3,000) | ​ | ​ | - | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
The effects of fair value hedging: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Gain on interest rate swaps on loans | ​ | ​ | 176 | ​ | ​ | - | ​ | ​ | ​ | 968 | ​ | ​ | - | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Nine Months Ended September 30, 2025 | ​ | ​ | Nine Months Ended September 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 | ​ | $ | 361,935 | ​ | $ | 175,068 | ​ | ​ | $ | 360,215 | ​ | $ | 189,631 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
The effects of cash flow hedging: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Gain (loss) on interest rate caps and collars on deposits | ​ | ​ | - | ​ | ​ | (117) | ​ | ​ | ​ | - | ​ | ​ | (3,184) | ​
Gain (loss) on interest rate swaps on debt | ​ | ​ | - | ​ | ​ | (633) | ​ | ​ | ​ | - | ​ | ​ | (1,012) | ​
(Gain) loss on interest rate swaps and collars on loans | ​ | ​ | (6,336) | ​ | ​ | - | ​ | ​ | ​ | (8,961) | ​ | ​ | - | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
The effects of fair value hedging: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Gain on interest rate swaps on loans | ​ | ​ | 511 | ​ | ​ | - | ​ | ​ | ​ | 2,930 | ​ | ​ | - | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Schedule of hedged interest rate swaps and non-hedged interest rate swaps are collateralized by investment securities with carrying values | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | September 30, 2025 | ​ | December 31, 2024
​ | ​ | (dollars in thousands)
​ | ​ | ​ | ​ | ​ | ​ | ​
Cash | ​ | $ | 51,511 | ​ | $ | 39,431
U.S. govt. sponsored agency securities | ​ | ​ | 11,188 | ​ | ​ | 6,222
Municipal securities | ​ | ​ | 143,057 | ​ | ​ | 151,107
Residential mortgage-backed and related securities | ​ |  | 24,078 | ​ |  | 18,132
​ | ​ | $ | 229,834 | ​ | $ | 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 | ​ | September 30, 2025 | ​ | December 31, 2024
(dollars in thousands)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loans |  | 10/1/2022 | ​ | 10/1/2026 | ​ | Derivatives - Assets (Liabilities) |  | $ | 50,000 | ​ | 4.40 | % |  | 2.44 | % | ​ | $ | 5 | ​ | $ | (105)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | Balance Sheet | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Fair Value as of | ​ | ​
Hedged Item | ​ | Effective Date | ​ | Maturity Date | ​ | Location | ​ | Notional Amount | ​ | Cap Strike Rate | ​ | Floor Strike Rate | ​ | September 30, 2025 | ​ | ​ | December 31, 2024 | ​ | ​
(dollars in thousands) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Deposits | ​ | 5/1/2025 | ​ | 11/1/2027 | ​ | Derivatives - Liabilities | ​ | $ | 50,000 | ​ | 4.40 | % | ​ | 2.24 | % | ​ | $ | (50) | ​ | ​ | $ | N/A | ​ | ​
Deposits | ​ | 5/1/2025 | ​ | 5/1/2028 | ​ | Derivatives - Liabilities | ​ | ​ | 50,000 | ​ | 4.40 | % | ​ | 2.24 | % | ​ | ​ | (79) | ​ | ​ | ​ | N/A | ​ | ​
Deposits | ​ | 5/1/2025 | ​ | 11/1/2028 | ​ | Derivatives - Liabilities | ​ | ​ | 50,000 | ​ | 4.40 | % | ​ | 2.43 | % | ​ | ​ | (111) | ​ | ​ | ​ | N/A | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 150,000 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | (240) | ​ | ​ | $ | 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 | ​ | September 30, 2025 | ​ | December 31, 2024
(dollars in thousands)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
QCR Holdings Statutory Trust V |  | 7/7/2018 | ​ | 7/7/2028 | ​ | Derivatives - Assets |  | $ | 10,000 | ​ | 6.13 | % | ​ |  | 4.54 | % | ​ | $ | 156 | ​ | $ | 427
Community National Statutory Trust III |  | 9/15/2018 | ​ | 9/15/2028 | ​ | Derivatives - Assets |  | ​ | 3,500 | ​ | 6.05 | % | ​ |  | 4.75 | % | ​ | ​ | 73 | ​ | ​ | 197
Guaranty Bankshares Statutory Trust I |  | 9/15/2018 | ​ | 9/15/2028 | ​ | Derivatives - Assets | ​ | ​ | 4,500 | ​ | 6.05 | % | ​ | ​ | 4.75 | % | ​ | ​ | 57 | ​ | ​ | 153
Community National Statutory Trust II |  | 9/20/2018 | ​ | 9/20/2028 | ​ | Derivatives - Assets |  | ​ | 3,000 | ​ | 6.43 | % | ​ |  | 5.17 | % | ​ | ​ | 49 | ​ | ​ | 132
QCR Holdings Statutory Trust II |  | 9/30/2018 | ​ | 9/30/2028 | ​ | Derivatives - Assets |  | ​ | 10,000 | ​ | 7.41 | % | ​ |  | 5.85 | % | ​ | ​ | 164 | ​ | ​ | 443
QCR Holdings Statutory Trust III |  | 9/30/2018 | ​ | 9/30/2028 | ​ | Derivatives - Assets |  | ​ | 8,000 | ​ | 7.41 | % | ​ |  | 5.85 | % | ​ | ​ | 131 | ​ | ​ | 353
Guaranty Statutory Trust II |  | 5/23/2019 | ​ | 2/23/2026 | ​ | Derivatives - Assets |  | ​ | 10,310 | ​ | 5.91 | % | ​ |  | 4.09 | % | ​ | ​ | 61 | ​ | ​ | 200
QCR Holdings Subordinated Note |  | 3/1/2024 | ​ | 2/15/2028 | ​ | Derivatives - Liabilities |  | ​ | 65,000 | ​ | 4.02 | % | ​ |  | 4.02 | % | ​ | ​ | (1,051) | ​ | ​ | (50)
​ |  |  | ​ | ​ | ​ | ​ |  | $ | 114,310 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | (360) | ​ | $ | 1,855
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | Balance Sheet | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Fair Value as of
Hedged Item |  | Effective Date |  | Maturity Date |  | Location |  | Notional Amount |  |  | Receive Rate |  |  | Pay Rate |  | September 30, 2025 |  | December 31, 2024
(dollars in thousands)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loans |  | 7/1/2021 | ​ | 7/1/2031 | ​ | Derivatives - Liabilities |  | $ | 35,000 | ​ | ​ | 1.40 | % | ​ |  | 4.43 | % | ​ | $ | (3,852) | ​ | $ | (5,445)
Loans |  | 7/1/2021 | ​ | 7/1/2031 | ​ | Derivatives - Liabilities |  | ​ | 50,000 | ​ | ​ | 1.40 | % | ​ |  | 4.43 | % | ​ | ​ | (5,503) | ​ | ​ | (7,779)
Loans |  | 7/1/2021 | ​ | 7/1/2031 | ​ | Derivatives - Liabilities |  | ​ | 40,000 | ​ | ​ | 1.40 | % | ​ |  | 4.43 | % | ​ | ​ | (4,411) | ​ | ​ | (6,233)
Loans |  | 10/1/2022 | ​ | 7/1/2031 | ​ | Derivatives - Liabilities |  | ​ | 25,000 | ​ | ​ | 1.30 | % | ​ |  | 4.43 | % | ​ | ​ | (2,772) | ​ | ​ | (3,916)
Loans |  | 4/1/2022 | ​ | 4/1/2027 | ​ | Derivatives - Liabilities |  | ​ | 15,000 | ​ | ​ | 1.91 | % | ​ |  | 4.43 | % | ​ | ​ | (363) | ​ | ​ | (720)
Loans |  | 4/1/2022 | ​ | 4/1/2027 | ​ | Derivatives - Liabilities |  | ​ | 50,000 | ​ | ​ | 1.91 | % | ​ |  | 4.43 | % | ​ | ​ | (1,209) | ​ | ​ | (2,400)
Loans |  | 4/1/2022 | ​ | 4/1/2027 | ​ | Derivatives - Liabilities |  | ​ | 35,000 | ​ | ​ | 1.91 | % | ​ |  | 4.43 | % | ​ | ​ | (847) | ​ | ​ | (1,680)
Loans | ​ | 4/1/2022 | ​ | 4/1/2027 | ​ | Derivatives - Liabilities | ​ | ​ | 50,000 | ​ | ​ | 1.91 | % | ​ | ​ | 4.43 | % | ​ | ​ | (1,210) | ​ | ​ | (2,400)
​ |  |  | ​ | ​ | ​ | ​ |  | $ | 300,000 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | (20,167) | ​ | $ | (30,573)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | Balance Sheet | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Fair Value as of
Hedged Item | ​ | Effective Date | ​ | Maturity Date | ​ | Location | ​ | Notional Amount | ​ | Receive Rate | ​ | ​ | ​ | Pay Rate | ​ | ​ | September 30, 2025 | ​ | December 31, 2024
(dollars in thousands)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loans | ​ | 7/12/2023 | ​ | 8/1/2025 | ​ | Derivatives - Liabilities | ​ | $ | 15,000 | ​ | 4.30 | % | ​ | ​ | 4.60 | % | ​ | $ | N/A | ​ | $ | (35)
Loans |  | 7/12/2023 | ​ | 2/1/2026 | ​ | Derivatives - Liabilities |  | ​ | 25,000 | ​ | 4.30 | % | ​ |  | 4.38 | % | ​ | ​ | (40) | ​ | ​ | (77)
Loans |  | 7/12/2023 | ​ | 2/1/2026 | ​ | Derivatives - Liabilities |  | ​ | 15,000 | ​ | 4.30 | % | ​ |  | 4.38 | % | ​ | ​ | (24) | ​ | ​ | (46)
Loans | ​ | 7/12/2023 | ​ | 2/1/2026 | ​ | Derivatives - Liabilities | ​ | ​ | 20,000 | ​ | 4.30 | % | ​ | ​ | 4.38 | % | ​ | ​ | (32) | ​ | ​ | (61)
Loans |  | 7/12/2023 | ​ | 8/1/2026 | ​ | Derivatives - Liabilities |  | ​ | 30,000 | ​ | 4.30 | % | ​ |  | 4.21 | % | ​ | ​ | (139) | ​ | ​ | (79)
Loans |  | 7/12/2023 | ​ | 8/1/2026 | ​ | Derivatives - Liabilities |  | ​ | 15,000 | ​ | 4.30 | % | ​ |  | 4.21 | % | ​ | ​ | (70) | ​ | ​ | (40)
Loans | ​ | 7/12/2023 | ​ | 8/1/2026 | ​ | Derivatives - Liabilities | ​ | ​ | 20,000 | ​ | 4.30 | % | ​ | ​ | 4.21 | % | ​ | ​ | (93) | ​ | ​ | (53)
Loans |  | 7/12/2023 | ​ | 2/1/2027 | ​ | Derivatives - Liabilities |  | ​ | 32,500 | ​ | 4.30 | % | ​ |  | 4.08 | % | ​ | ​ | (263) | ​ | ​ | (44)
Loans | ​ | 7/12/2023 | ​ | 2/1/2027 | ​ | Derivatives - Liabilities | ​ | ​ | 15,000 | ​ | 4.30 | % | ​ | ​ | 4.08 | % | ​ | ​ | (121) | ​ | ​ | (20)
Loans | ​ | 7/12/2023 | ​ | 2/1/2027 | ​ | Derivatives - Liabilities | ​ | ​ | 20,000 | ​ | 4.30 | % | ​ | ​ | 4.08 | % | ​ | ​ | (162) | ​ | ​ | (27)
Loans |  | 7/12/2023 | ​ | 8/1/2027 | ​ | Derivatives - Liabilities |  | ​ | 32,500 | ​ | 4.30 | % | ​ |  | 3.98 | % | ​ | ​ | (358) | ​ | ​ | 14
Loans | ​ | 7/12/2023 | ​ | 8/1/2027 | ​ | Derivatives - Liabilities | ​ | ​ | 15,000 | ​ | 4.30 | % | ​ | ​ | 3.98 | % | ​ | ​ | (165) | ​ | ​ | 6
Loans | ​ | 7/12/2023 | ​ | 8/1/2027 | ​ | Derivatives - Liabilities | ​ | ​ | 25,000 | ​ | 4.30 | % | ​ | ​ | 3.98 | % | ​ | ​ | (275) | ​ | ​ | 11
Loans |  | 7/12/2023 | ​ | 2/1/2028 | ​ | Derivatives - Liabilities |  | ​ | 30,000 | ​ | 4.30 | % | ​ |  | 3.90 | % | ​ | ​ | (397) | ​ | ​ | 77
Loans | ​ | 7/12/2023 | ​ | 2/1/2028 | ​ | Derivatives - Liabilities | ​ | ​ | 15,000 | ​ | 4.30 | % | ​ | ​ | 3.90 | % | ​ | ​ | (200) | ​ | ​ | 39
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 325,000 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | (2,339) | ​ | $ | (335)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Changes in the fair value of the underlying derivative contracts | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | As of September 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 | ​ | ​ | $ | 4,629,217 | ​ | $ | 206,945 | ​ | $ | 4,148,306 | ​ | $ | 183,760
Non-Hedging Interest Rate Derivatives Liabilities: | ​ | ​ | ​ | - | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swap contracts | ​ | ​ | $ | 4,629,217 | ​ | $ | 206,945 | ​ | $ | 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 | ​ | ​ | September 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 | ​ | September 30, 2025 | ​ | December 31, 2024
(dollars in thousands)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
7/30/2024 | ​ | 7/30/2025 | ​ | Derivatives - Assets |  | $ | 77,600 | ​ | 2.13 | % | ​ | $ | N/A | ​ | $ | 37
7/30/2024 | ​ | 7/30/2025 | ​ | Derivatives - Assets | ​ | ​ | 33,100 | ​ | 2.62 | % | ​ | ​ | N/A | ​ | ​ | 54
7/30/2024 | ​ | 7/30/2025 | ​ | Derivatives - Assets | ​ | ​ | 28,254 | ​ | 2.12 | % | ​ | ​ | N/A | ​ | ​ | 48
7/30/2024 | ​ | 7/30/2025 | ​ | Derivatives - Assets | ​ | ​ | 66,247 | ​ | 2.63 | % | ​ | ​ | N/A | ​ | ​ | 33
7/30/2024 | ​ | 1/29/2026 | ​ | Derivatives - Assets | ​ | ​ | 20,750 | ​ | 2.63 | % | ​ | ​ | 7 | ​ | ​ | 102
7/30/2024 | ​ | 1/29/2026 | ​ | Derivatives - Assets | ​ | ​ | 41,700 | ​ | 2.13 | % | ​ | ​ | 3 | ​ | ​ | 77
7/30/2024 | ​ | 1/30/2026 | ​ | Derivatives - Assets | ​ | ​ | 36,546 | ​ | 2.14 | % | ​ | ​ | 3 | ​ | ​ | 70
7/30/2024 | ​ | 1/30/2026 | ​ | Derivatives - Assets | ​ | ​ | 18,453 | ​ | 2.64 | % | ​ | ​ | 7 | ​ | ​ | 93
7/30/2024 | ​ | 7/30/2026 | ​ | Derivatives - Assets | ​ | ​ | 16,100 | ​ | 2.64 | % | ​ | ​ | 38 | ​ | ​ | 140
7/30/2024 | ​ | 7/30/2026 | ​ | Derivatives - Assets | ​ | ​ | 29,800 | ​ | 2.14 | % | ​ | ​ | 22 | ​ | ​ | 116
7/30/2024 | ​ | 7/30/2026 | ​ | Derivatives - Assets | ​ | ​ | 25,971 | ​ | 2.14 | % | ​ | ​ | 20 | ​ | ​ | 103
7/30/2024 | ​ | 7/30/2026 | ​ | Derivatives - Assets | ​ | ​ | 14,280 | ​ | 2.64 | % | ​ | ​ | 34 | ​ | ​ | 125
​ | ​ | ​ | ​ | ​ |  | $ | 408,801 | ​ | ​ | ​ | ​ | $ | 134 | ​ | $ | 998
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​

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- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
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Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
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