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Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Assets at Fair Value

The following table shows the fair value and notional amounts of derivative instruments.

						June 30, 2022												December 31, 2021
		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			$	692,681,295			$	9,864,213			$	2,420,571			$	862,568,967			$	8,563,410			$	1,547,895
Call options			Other liabilities				696,900				-				13,683				982,500				-				50,936
Put options			Other liabilities				482,500				-				19,545				362,900				-				4,493
Total						$	693,860,695			$	9,864,213			$	2,453,799			$	863,914,367			$	8,563,410			$	1,603,324

Schedule of Gains and Losses on Derivatives

The following table presents the gains (losses) on derivatives. 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)								Net Amount Gain (Loss)
						Three Months Ended June 30								Six Months Ended June 30
Derivative		Classification				2022				2021				2022				2021
Loan commitments			Mortgage fee income			$	(2,247,244	)		$	(482,863	)		$	428,127			$	(168,397	)

Call and put options			Gains on investments and other assets			$	65,033			$	88,522			$	126,229			$	115,285