Exhibit 23.1


McGladrey & Pullen
Certified Public Accountants



Independent Auditor's Consent

We  hereby  consent  to the  incorporation  by  reference  in  the  Registration
Statements  on Form  S-8  pertaining  to the QCR  Holdings,  Inc.  401(k)/Profit
Sharing Plan (File No.  33-77420)  and Stock Option Plan (File No.  33-78024) of
our reported  dated January 23, 2004 relating to the December 31, 2003 financial
statements  of QCR  Holdings,  Inc.  and to the  reference to our Firm under the
caption "Experts" contained therein.


/s/ McGladrey & Pullen, LLP
---------------------------


Davenport, Iowa
March 19, 2004



McGladrey & Pullen,  LLP is a member firm of RSM  International - an affiliation
of separate and independent legal entities.


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