NOTE 4 - DERIVATIVES AND HEDGING ACTIVITIES (Tables)

9 Months Ended

Sep. 30, 2020

Notes Tables

Changes in the fair value of the underlying derivative contracts

		September 30, 2020				December 31, 2019
	Notional Amount		Estimated Fair Value		Notional Amount		Estimated Fair Value
	(dollars in thousands)
Non-Hedging Interest Rate Derivatives Assets:
Interest rate swap contracts	$	1,435,379	$	236,077	$	787,221	$	84,679
Non-Hedging Interest Rate Derivatives Liabilities:
Interest rate swap contracts	$	1,435,379	$	236,077	$	787,221	$	84,679

Schedule of hedged interest rate swaps and non-hedged interest rate swaps are collateralized by investment securities with carrying values

	September 30, 2020		December 31, 2019
	(dollars in thousands)
Cash	$	81,373	$	10,990
U.S govt. sponsored agency securities		3,650		3,541
Municipal securities		50,730		68,089
Residential mortgage-backed and related securities		105,631		27,027
	$	241,384	$	109,647

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		September 30, 2020		December 31, 2019
(dollars in thousands)
Deposits	1/1/2020	1/1/2023	Other Assets	$	25,000	1.75	%	$	6	$	112
Deposits	1/1/2020	1/1/2023	Other Assets		50,000	1.57			11		218
Deposits	1/1/2020	1/1/2023	Other Assets		25,000	1.90			5		96
Deposits	1/1/2020	1/1/2023	Other Assets		25,000	1.80			6		109
Deposits	1/1/2020	1/1/2024	Other Assets		25,000	1.75			17		214
Deposits	1/1/2020	1/1/2024	Other Assets		50,000	1.57			35		401
Deposits	2/1/2020	2/1/2024	Other Assets		25,000	1.90			17		202
Deposits	1/1/2020	1/1/2024	Other Assets		25,000	1.80			17		201
Deposits	1/1/2020	1/1/2025	Other Assets		25,000	1.75			37		337
Deposits	1/1/2020	1/1/2025	Other Assets		50,000	1.57			75		617
Deposits	3/1/2020	3/1/2025	Other Assets		25,000	1.90			40		332
Deposits	1/1/2020	1/1/2025	Other Assets		25,000	1.80			38		309
				$	375,000			$	304	$	3,148

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		September 30, 2020		December 31, 2019
(dollars in thousands)
CRBT - FHLB Advances or Brokered CDs	3/16/2020	3/16/2023	Derivatives - Liabilities	$	30,000	0.23	%	1.12	%	$	(660)	$	-
SFCB - FHLB Advances or Brokered CDs	3/16/2020	3/16/2023	Derivatives - Liabilities		10,000	0.24	%	0.95	%		(181)		-
QCR Holdings Statutory Trust II	9/30/2018	9/30/2028	Derivatives - Liabilities		10,000	3.07	%	5.85	%		(1,963)		(971)
QCR Holdings Statutory Trust III	9/30/2018	9/30/2028	Derivatives - Liabilities		8,000	3.07	%	5.85	%		(1,570)		(777)
QCR Holdings Statutory Trust V	7/7/2018	7/7/2028	Derivatives - Liabilities		10,000	1.83	%	4.54	%		(1,909)		(944)
Community National Statutory Trust II	9/20/2018	9/20/2028	Derivatives - Liabilities		3,000	2.40	%	5.17	%		(587)		(291)
Community National Statutory Trust III	9/15//2018	9/15/2028	Derivatives - Liabilities		3,500	2.00	%	4.75	%		(684)		(339)
Guaranty Bankshares Statutory Trust I	9/15/2018	9/15/2028	Derivatives - Liabilities		4,500	2.00	%	4.75	%		(879)		(436)
				$	79,000	1.34	%	5.24	%	$	(8,433)	$	(3,758)