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19) Derivative Instruments | 12 Months Ended
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Dec. 31, 2020
Disclosure Text Block [Abstract] |
19) Derivative Instruments |
| 19) | Derivative Instruments
The following table shows the fair value and notional amounts of derivative instruments as of December 31, 2020 and 2019.
| Fair Values and Notional Amounts of Derivative Instruments
|  |  | December 31, 2020 |  | December 31, 2019
| 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 |  | $659,245,038 |  | $12,592,672 |  | $2,464,062 |  | $224,202,514 |  | $2,722,580 |  | $231,347
Call options | Other liabilities |  | 1,873,200 |  | -- |  | 43,097 |  | 1,813,500 |  | -- |  | 62,265
Put options | Other liabilities |  | -- |  | -- |  | -- |  | 1,573,100 |  | -- |  | 22,282
Total |  |  | $661,118,238 |  | $12,592,672 |  | $2,507,159 |  | $227,589,114 |  | $2,722,580 |  | $315,894
The following table shows the gain (loss) on derivatives for the periods presented. There were no gains or losses reclassified from accumulated other comprehensive income into income or gains or losses recognized in income on derivatives ineffective portion or any amounts excluded from effective testing.
|  |  |  | Net Amount Gain (Loss)
|  |  |  | Years ended December 31
Derivative |  | Classification |  | 2020 |  | 2019
Loan commitments |  | Mortgage fee income |  | $ 7,637,377 |  | $ 899,417
Call and put options |  | Gains on investments and other assets |  | $ 272,758 |  | $ 626,208

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- Definition The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -URI http://asc.fasb.org/topic&trid=2229140 + Details
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- References No definition available. + Details
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