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9) Derivative Commitments: Schedule of Derivative Assets at Fair Value (Tables)
6 Months Ended
Jun. 30, 2017
Tables/Schedules  
Schedule of Derivative Assets at Fair Value

 

Fair Values and Notional Values of Derivative Instruments

June 30, 2017

December 31, 2016

Balance Sheet Location

Notional Amount

Asset Fair Value

Liability Fair Value

Notional Amount

Asset Fair Value

Liability Fair Value

Derivatives not designated as hedging instruments:

 Loan commitments

Other assets and other liabilities

 $216,706,500

$7,986,876

$ 21,830

 $191,757,193

$6,911,544

$102,212

Call options

Other liabilities

       1,076,550

--

    24,670

       2,169,850

--

   109,474

Put options

Other liabilities

       2,392,950

--

    44,573

       1,336,750

--

     26,494

Derivatives designated as hedging instruments:

Interest rate swaps

Bank and other loans payable

            87,881

 --

         692

          175,762

--

       3,308

Total

 $220,263,881

 $7,986,876

 $ 91,765

 $195,439,555

 $6,911,544

 $241,488