| Schedule of Outstanding Notional Balances and Fair Values of Outstanding Derivative Positions |
The following tables provide the outstanding notional balances and fair values of outstanding derivative positions at September 30, 2021 and December 31, 2020.
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Outstanding
Notional
Balance |
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Asset
Derivative
Fair Value |
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Liability
Derivative
Fair Value |
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|
Pay
Rate |
|
Receive
Rate |
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Maturity
Date |
September 30, 2021 |
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Pay-fixed interest rate swap (*) |
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$ |
— |
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$ |
— |
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$ |
— |
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0.20% |
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USD Fed
Funds-H.15 |
|
9/4/2025 |
Commercial loan interest rate swaps: |
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Loan customer counterparty |
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11,169,135 |
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— |
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|
323,903 |
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USD Prime +
0.5% |
|
4.48% |
|
10/15/2030 |
Loan customer counterparty |
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|
3,853,537 |
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— |
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|
34,637 |
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USD Prime +
0.0% |
|
4.13% |
|
12/22/2030 |
Financial institution counterparty |
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|
11,169,135 |
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|
323,903 |
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— |
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4.48% |
|
USD Prime +
0.5% |
|
10/15/2030 |
Financial institution counterparty |
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3,853,537 |
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34,637 |
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— |
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4.13% |
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USD Prime |
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12/22/2030 |
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$ |
30,045,344 |
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$ |
358,540 |
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$ |
358,540 |
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(*) Facility terminated on February 18, 2021 (see disclosure narrative on cash flow hedge above).
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Outstanding
Notional
Balance |
|
|
Asset
Derivative
Fair Value |
|
|
Liability
Derivative
Fair Value |
|
|
Pay
Rate |
|
Receive
Rate |
|
Maturity
Date |
December 31, 2020 |
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|
Pay-fixed interest rate swap |
|
$ |
100,000,000 |
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$ |
215,645 |
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|
$ |
8,232 |
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|
0.20% |
|
USD Fed
Funds-H.15 |
|
9/4/2025 |
Commercial loan interest rate swaps: |
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Loan customer counterparty |
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11,304,638 |
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162,063 |
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— |
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USD Prime +
0.5% |
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4.48% |
|
10/15/2030 |
Loan customer counterparty |
|
|
4,000,000 |
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|
109,414 |
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— |
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USD Prime +
0.0% |
|
4.13% |
|
12/22/2030 |
Financial institution counterparty |
|
|
11,304,638 |
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— |
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162,063 |
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4.48% |
|
USD Prime +
0.5% |
|
10/15/2030 |
Financial institution counterparty |
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|
4,000,000 |
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|
— |
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109,414 |
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4.13% |
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USD Prime |
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12/22/2030 |
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|
$ |
130,609,276 |
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$ |
487,122 |
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$ |
279,709 |
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