Note 18: Derivative Instruments

12 Months Ended

Dec. 31, 2016

Notes

Note 18: Derivative Instruments

18)       Derivative Instruments

The following table shows the fair value of derivatives as of December 31, 2016 and 2015.

	Fair Value of Derivative Instruments
	Asset Derivatives				Liability Derivatives
	December 31, 2016		December 31, 2015		December 31, 2016		December 31, 2015
	Balance Sheet Location	Fair Value	Balance Sheet Location	Fair Value	Balance Sheet Location	Fair Value	Balance Sheet Location	Fair Value
Derivatives designated as hedging instruments:
Loan commitments	other assets	$3,389,618	other assets	$ 3,440,758	Other liabilities	$102,212	Other liabilities	$107,667
Call Options		-		-	Other liabilities	109,474	Other liabilities	16,342
Put Options		-		-	Other liabilities	26,494	Other liabilities	28,829
Interest rate swaps		-		-	Bank loans payable	3,308	Bank loans payable	13,947
Total		$3,389,618		$ 3,440,758		$241,488		$166,785

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 (“OCI”) into income or gains or losses recognized in income on derivatives ineffective portion or any amounts excluded from effective testing.

	Net Amount Gain (Loss) Recognized in OCI
	Years ended December 31
Derivative - Cash Flow Hedging Relationships:	2016	2015
Interest Rate Swaps	$                      10,639	$                      17,423
Sub Total	10,639	17,423
Tax Effect	4,149	6,795
Total	$                        6,490	$                      10,628