Note 7 - Derivatives and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2019

Notes Tables

Summary of impact of AOCI

	Year Ended
	December 31, 2019		December 31, 2018
	(dollars in thousands)
Unrealized loss at beginning of period, net of tax	$	(1,276)	$	(805)
Amount reclassified from accumulated other comprehensive income to noninterest expense related to hedge ineffectiveness		—		27
Amount reclassified from accumulated other comprehensive income to interest expense related to caplet amortization		422		575
Amount of loss recognized in other comprehensive income, net of tax		(3,061)		(1,073)
Unrealized loss at end of period, net of tax	$	(3,915)	$	(1,276)

Changes in the fair value of the underlying derivative contracts

		December 31, 2019				December 31, 2018
	Notional Amount		Estimated Fair Value		Notional Amount		Estimated Fair Value
	(dollars in thousands)
Non-Hedging Interest Rate Derivatives Assets:
Interest rate swap contracts	$	787,221	$	84,679	$	445,022	$	22,196
Non-Hedging Interest Rate Derivatives Liabilities:
Interest rate swap contracts	$	787,221	$	84,679	$	445,022	$	22,196

Interest rate cap

Notes Tables

Schedule of interest rate caps

			Balance Sheet					Fair Value as of
Hedged Item	Effective Date	Maturity Date	Location	Notional Amount		Strike Rate		December 31, 2019		December 31, 2018
(dollars in thousands)
Deposits	1/1/2020	1/1/2023	Other Assets	$	25,000	1.75	%	$	112	$	-
Deposits	1/1/2020	1/1/2023	Other Assets		50,000	1.57			218		-
Deposits	1/1/2020	1/1/2023	Other Assets		25,000	1.90			96		-
Deposits	1/1/2020	1/1/2023	Other Assets		25,000	1.80			109		-
Deposits	1/1/2020	1/1/2024	Other Assets		25,000	1.75			214		-
Deposits	1/1/2020	1/1/2024	Other Assets		50,000	1.57			401		-
Deposits	2/1/2020	2/1/2024	Other Assets		25,000	1.90			202		-
Deposits	1/1/2020	1/1/2024	Other Assets		25,000	1.80			201		-
Deposits	1/1/2020	1/1/2025	Other Assets		25,000	1.75			337		-
Deposits	1/1/2020	1/1/2025	Other Assets		50,000	1.57			617		-
Deposits	3/1/2020	3/1/2025	Other Assets		25,000	1.90			332		-
Deposits	1/1/2020	1/1/2025	Other Assets		25,000	1.80			309		-
1-month FHLB Advance	6/3/2014	6/5/2019	Other Assets		15,000	N/A			-		117
1-month FHLB Advance	6/5/2014	6/5/2021	Other Assets		15,000	N/A			-		342
				$	405,000			$	3,148	$	459

Interest rate swap

Notes Tables

Schedule of interest rate caps

			Balance Sheet							Fair Value as of
Hedged Item	Effective Date	Maturity Date	Location	Notional Amount		Receive Rate		Pay Rate		December 31, 2019		December 31, 2018
(dollars in thousands)
QCR Holdings Statutory Trust II	9/30/2018	9/30/2028	Other Liabilities	$	10,000	4.79	%	5.85	%	$	(971)	$	(298)
QCR Holdings Statutory Trust III	9/30/2018	9/30/2028	Other Liabilities		8,000	4.79	%	5.85	%		(777)		(239)
QCR Holdings Statutory Trust V	7/7/2018	7/7/2028	Other Liabilities		10,000	3.54	%	4.54	%		(944)		(288)
Community National Statutory Trust II	9/20/2018	9/20/2028	Other Liabilities		3,000	4.08	%	5.17	%		(291)		(89)
Community National Statutory Trust III	9/15//2018	9/15/2028	Other Liabilities		3,500	3.64	%	4.75	%		(339)		(104)
Guaranty Bankshares Statutory Trust I	9/15/2018	9/15/2028	Other Liabilities		4,500	3.64	%	4.75	%		(436)		(133)
				$	39,000	4.18	%	5.24	%	$	(3,758)	$	(1,151)