10) Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2021

Table Text Block Supplement [Abstract]

Schedule of Derivative Assets at Fair Value

The following table shows the notional amount and fair value of derivatives as of March 31, 2021 and December 31, 2020.

	Fair Values and Notional Values of Derivative Instruments
		March 31, 2021			December 31, 2020
	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	$ 817,802,853	$ 10,671,623	$ 228,547	$ 659,245,038	$ 12,592,672	$ 2,464,062
Call options	Other liabilities	2,042,500	-	79,567	1,873,200	-	43,097
Total		$ 819,845,353	$ 10,671,623	$ 308,114	$ 661,118,238	$ 12,592,672	$ 2,507,159

Schedule of Gains and Losses on Derivatives

The following table shows the gains and losses on derivatives for the periods presented.

		Net Amount Gain (Loss)
		Three Months Ended March 31
Derivative	Classification	2021	2020
Loan commitments	Mortgage fee income	$ 314,466	$ 3,275,032
Call and put options	Gains on investments and other assets	$ 26,762	$ (737,860)