UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Item 7.01. Regulation FD Disclosure.
On November 6, 2020, QCR Holdings, Inc. (the “Company”) posted a presentation to the Company’s website. The presentation is available to view at www.qcrh.com, and is also attached hereto as Exhibit 99.1 and is incorporated by reference herein.
The information in Item 7.01 of this Current Report on Form 8-K and the related exhibit attached hereto is being “furnished” and will not, except to the extent required by applicable law or regulation, be deemed “filed” by the Company for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor will any of such information or exhibits be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
99.1 | Investor Presentation dated November 6, 2020. |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
QCR Holdings, Inc. | ||
Date: November 9, 2020 | By: | /s/ Todd A. Gipple |
Todd A. Gipple | ||
President, Chief Operating Officer and Chief Financial Officer |
Exhibit 99.1
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Investor Presentation Updated November 2020 |
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FORWARD-LOOKING STATEMENTS This document contains, and future oral and written statements of QCR Holdings, Inc. (the “Company”) and its management may contain, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the financial condition, results of operations, plans, objectives, future performance and business of the Company. Forward-looking statements, which may be based upon beliefs, expectations and assumptions of the Company’s management and on information currently available to management, are generally identifiable by the use of words such as “believe,” “expect,” “anticipate,” “predict,” “suggest,” “appear,” “plan,” “intend,” “estimate,” “annualize,” “may,” “will,” “would,” “could,” “should” or other similar expressions. Additionally, all statements in this document, including forward-looking statements, speak only as of the date they are made, and the Company undertakes no obligation to update any statement in light of new information or future events. A number of factors, many of which are beyond the ability of the Company to control or predict, could cause actual results to differ materially from those in its forward-looking statements. These factors include, among others, the following: (i) the strength of the local, state, national and international economies (including the impact of the 2020 presidential election and the impact of tariffs, a U.S. withdrawal from or significant renegotiation of trade agreements, trade wars and other changes in trade regulations); (ii) the economic impact of any future terrorist threats and attacks, widespread disease or pandemics (including the COVID-19 pandemic in the United States), or other adverse external events that could cause economic deterioration or instability in credit markets, and the response of local, state and national governments to any such adverse external events; (iii) changes in accounting policies and practices (including the new current expected credit loss (CECL) impairment standards, that will change how the Company estimates credit losses, when implemented); (iv) changes in state and federal laws, regulations and governmental policies concerning the Company’s general business; (v) changes in interest rates and prepayment rates of the Company’s assets (including the impact of LIBOR phase-out); (vi) increased competition in the financial services sector and the inability to attract new customers; (vii) changes in technology and the ability to develop and maintain secure and reliable electronic systems; (viii) unexpected results of acquisitions, which may include failure to realize the anticipated benefits of acquisitions and the possibility that transaction costs may be greater than anticipated; (ix) the loss of key executives or employees; (x) changes in consumer spending; and (xi) unexpected outcomes of existing or new litigation involving the Company. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. Additional information concerning the Company and its business, including additional factors that could materially affect the Company’s financial results, is included in the Company’s filings with the Securities and Exchange Commission. NON-GAAP FINANCIAL MEASURES These slides contain non-GAAP financial measures. For purposes of Regulation G, a non-GAAP financial measure is a numerical measure of the registrant’s historical or future financial performance, financial position or cash flows that excludes amounts, or is subject to adjustments that have the effect of excluding amounts, that are included in the most directly comparable measure calculated and presented in accordance with GAAP in the statement of income, balance sheet or statement of cash flows (or equivalent statements) of the issuer; or includes amounts, or is subject to adjustments that have the effect of including amounts, that are excluded from the most directly comparable measure so calculated and presented. In this regard, GAAP refers to generally accepted accounting principles in the United States. Pursuant to the requirement of Regulation G, the Company has provided reconciliations within the slides, as necessary, of the non-GAAP financial measure to the most directly comparable GAAP financial measure. For more details on the Company’s non-GAAP measures, refer to the Company’s Annual Report on Form 10-K for the year ended December 31, 2019. |
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OVERVIEW •Local charters provide a competitive advantage •Strong, centralized risk management function •Efficient centralized group operations •Strong credit and asset quality •Consistent adjusted net income growth •High-touch service approach •Serving attractive Midwest markets •Significant expansion opportunities •Greater than peer EPS growth rate 3 |
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COMPANY QCRH operates four locally managed and governed charters, supported by a centralized operations team. Lines of Business: ▪ Full-service commercial and consumer banking ▪ Correspondent banking ▪ Commercial lease financing ▪ Trust and wealth management services Assets: $5.9 Billion Loans: $4.2 Billion Deposits: $4.7 Billion Wealth Management: $4.1 Billion ▪ $3.1 Billion in Trust Accounts ▪ $1.0 Billion in Brokerage Accounts/RIA Shares Outstanding: 15.8 Million Ownership (as of 6/30/20): ▪ Institutional & Mutual Funds 68% ▪ Insiders & Benefit Plans 12% Source: S&P Global Market Intelligence and Company documents.4 Data as of 9/30/20 unless otherwise noted. |
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Seasoned Senior Leadership LEADERSHIP Chief Executive Officer ▪ Over 30 years of commercial banking experience ▪ Founding member and CEO of Cedar Rapids Bank & Trust ▪ QCR Holdings Board Director since 2001 ▪ Oversight responsibility for specific product lines and services ▪ Specialty Finance Group ‒ Municipal Finance and Government Guaranteed Lending, Tax Credit Lending, Interest Rate Swap Products and Services ▪ m2 Lease Funds Todd A. Gipple President, Chief Operating Officer & Chief Financial Officer ▪ Over 30 years of commercial banking and financial accounting experience ▪ Joined QCR Holdings in 2000 ▪ QCR Holdings Board Director since 2009 ▪ Appointed Chief Financial Officer in 2000 ▪ Appointed Chief Operating Officer in 2008 5 |
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Our Mission, Vision and Values Our Vision WHO WE ARE Exceptional people providing extraordinary performance for our clients, shareholders and communities. Our Values PASSION | We care. ACHIEVEMENT | We expect to win. ACCOUNTABILITY | We drive it. COLLABORATION | We work together. INNOVATION | We embrace change. INCLUSION | We respect all.6 |
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Source: FDIC deposit market share data a provided by S&P Global (as of 6/30/19). CHARTER MODEL Managed and governed by local veteran bankers and boards with strong community ties and expertise •High touch service delivered by knowledgeable professionals •Strong community involvement with high employee participation •Local decisions and solutions Local autonomy has led to favorable relative performance metrics •Loan growth •Credit and asset quality •Deposit growth Focus on growing deposit market share •#1 deposit share in two markets •Within top 10 deposit share in all four markets Ample opportunities to expand products and services across footprint •Specialty lending & leasing •Correspondent banking •Wealth management7 |
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Our History of Growth 1993 QCR Holdings Founded $14 million IPO 1994 Quad City Bank & Trust (De Novo) 2001 Cedar Rapids Bank & Trust (De Novo) 2005 Rockford Bank & Trust (De Novo) & Quad City Bank & Trust acquires m2 Lease Funds, LLC 2013 Community National Bank acquisition 2016 Community State Bank acquisition 2017 Guaranty Bank & Trust acquisition 2018 Springfield Bancshares, Inc. merger 2019 Rockford Bank & Trust sold GROWTH 8 |
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GROWTH 9 |
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Strong Market Share in Attractive MSAs MARKET SHARE ▪International headquarters for Deere & Company ▪16th in the nation for high-tech job growth ▪Ranked #3 out of 382 metro areas for industry diversity (EMSI) Cedar Rapids, IA ▪Top 10 Best Places for Starting a Small Business (2015) ▪Top 100 Places to Live (Livability 2016) ▪#15 Most Popular Cities in America to Relocate to (2018) Des Moines-West Des Moines, IA ▪Top 10 Best Place for Business and Careers (Forbes 2019) ▪81 insurance companies are headquartered in Des Moines (2019) ▪Top 7 Most Recession-Proof Cities in the U.S. ( Livability, 2019) Springfield, MO ▪Top 5 Best Cities to start a business ▪Top 20 Magnets for Young Adults ▪O’Reilly Auto Parts and Bass Pro Shops headquarters Waterloo-Cedar Falls, IA ▪First Gigabit city in Iowa and one of eight in the U.S. ▪Cost of living is 2.2% below the national average ▪Waterloo/Cedar Falls in the top 10 job markets in the U.S. (Zippia 2018) * MSAs include Davenport-Moline-Rock Island, IA-IL, Cedar Rapids, IA, Rockford-IL, Waterloo-Cedar Falls-IA, Des Moines/West Des Moines-IA, and Springfield, MO. All banks reflect Pro Forma Data from acquisitions. ** Pro Forma based on Rockford Bank & Trust disposition. Source: S&P Global Market Intelligence and Company documents. Deposit data as of 9/30/20. Deposit Market Share in Top 20 Banks Total Active Branches 2020 Total Deposits 2020 ($000) Wells Fargo & Co. 42 $6,143,421 U.S. Bancorp 49 $4,464,731 QCR Holdings, Inc. 24 $4,402,997 BTC Financial Corp. 22 $3,644,844 Great Southern Bancorp Inc. 28 $2,509,893 Bank of America Corp. 7 $1,899,179 West Bancorporation, Inc. 8 $1,850,593 Commerce Bancshares Inc. 11 $1,481,649 Central Banco. Inc. 22 $1,411,462 Great Western Bancorp Inc. 14 $1,376,927 Blackhawk Bancorp. Inc. 18 $1,034,314 FSB Financial Services Inc. 8 $911,928 Lincoln Bancorp 9 $820,687 Neighbor Insurance Agency Inc. 9 $784,177 Guaranty Federal Bancshares Inc. 10 $750,608 BNP Paribas SA 15 $675,126 OakStar Bancshares Inc. 6 $672,967 Hills Bancorp. 7 $612,160 Regions Financial Corp. 11 $604,034 Reliable Community Bancshares Inc. 12 $549,927 •Ranked 2nd in overall deposit market share in our current MSAs* •48% of deposits are based in a Top 20 ranked Midwest MSA** 10 |
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Unique and Diversified Products and Services Commercial BankingCorrespondent Banking Fee-Based Businesses Wealth Management Specialty Finance Group • Commercial & retail banking services • Sophisticated lending and treasury management products and deposit services • Small ticket lease financing (m2 Lease Funds) • Competitive deposit products • Safekeeping and cash management services • 192 correspondent banking relationships • Bank stock loans • Trust administration • Brokerage accounts and asset management • Financial planning • 9/30/20 AUM: $4.1B • Commercial loan fixed-floating rate swaps • Municipal and tax credit financing • Q3-2020 swap & loan sale income: $28.1MM UNIQUE 11 |
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COMMITMENT We are very proud of the communities we serve. Our employees demonstrate their commitment to our communities through volunteerism and philanthropy. At a Glance •24,000 Volunteer Hours in 2019 •Diversity, Equity and Inclusion policy; focus on inclusion •Diverse Board Composition •Employees support hundreds of community organizations •Officers required to serve on at least one non-profit board •Free Financial Literacy classes •Environmentally-focused lending programs 12 |
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STRATEGY Our Strategy for Long-Term Success In 2020, we’ve set a simple and focused strategy for our future. 9-6-5 is our plan to continue to grow earnings and drive attractive long-term returns for our shareholders. 9 – Grow loans by 9% per year, funded with core deposits 6 – Grow fee income no less than 6% per year 5 – Improve efficiencies and hold expense growth to no more than 5% 13 |
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FinancialHighlights |
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A Consistent Track Record of Asset Growth Asset growth has been driven by a combination of organic growth and strategic acquisitions Total Consolidated Assets ($B) (1) Asset Distribution by Charter as of 9/30/20 ($MM) $5.9 $4.9 Springfield First Community Bank $2.2$2.2 62.6%67.6% $2.9 71.9% $3.5 73.8% $4.4 75.0%75.2% 72.4% Community State Bank $937.0 16% $2,012.2 34% $803.5 13% 9 37% 2014201520162017201820199/30/20 Cedar Rapids Bank and Trust Quad City Bank and Trust (2) ASSET GROWTH Total AssetsTotal Loans & Leases/Total Assets Recent Acquisitions (Assets at acquisition date ($ Millions)): 2013: Community National Bancorporation ($288)2016: Community State Bank ($582) 2017: Guaranty Bankshares, Ltd. ($260)2018: Springfield Bancshares, Inc. ($576) (1) Rockford Bank & Trust assets were removed from this data. (2) includes $237.2 million of the assets of m2 Lease Funds, as this entity is wholly-owned by and consolidated with Quad City Bank and Trust.15 |
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Deposit Growth Driven by Core Deposits Core Deposits(1) Represent Approximately 97% of Total Deposits as of 9/30/20 $ in billions $3.5 $3.9 4% $4.7 1% $1.4 $1.6 $2.4 2% 15% $2.9 2% 13% 7% 16% 14%11% 62%63% 4% 17% 47% 3% 15% 48% 52% 60%57% DEPOSIT GROWTH 32%34%31%25%20%20%25% 20142015201620172018201909/30/20 Noninterest-bearing DepositsInterest-bearing DepositsTime DepositsBrokered Deposits 16 |
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Loan Growth Driven by Commercial Lending Commercial Loans(1) Represent Approximately 90% of the Loan Portfolio as of 9/30/20 $ in billions $1.4$1.5 $0.1 $2.1 $0.1 $0.2 $0.2 $2.6 $0.1 $0.2 $0.2 $1.1 $3.3 $0.1 $0.2 $0.1 $1.6 $3.7 $0.1 $0.2 $1.8 $4.2 $0.1 $0.2 $2.0 $0.1 $0.1 $0.2 $0.6 $0.1 $0.2 $0.6 $0.9 $0.7 $1.0 $1.3$1.5 $1.8 LOAN GROWTH 20142015201620172018201909/30/20 Commercial & IndustrialCommercial REDirect Fin. LeasesResidential REConsumer & Other (1) Includes Commercial & Industrial, Commercial RE and Direct Financing Lease. Loan composition excludes deferred loan/lease origination costs, net of fees. Rockford Bank & Trust is excluded from this data. 17 |
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Strong Pre-Provision, Pre-Tax Earnings $160 $140 $136 $120 $100 $80 $78 $60 $40 $20 $20 $29 $42 $46 $64 EARNINGS 2014201520162017201820199/30/2020 Pre-Provision, Pre-Tax Earnings (in Millions) (1) 9/30/20 data represents YTD annualized. Rockford Bank & Trust data excluded. (1) |
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Strong Capital Position QCRH is well-positioned for long-term success for several reasons: •Significantly improved capital position •Sale of Rockford Bank & Trust strengthened TCE •Sub-debt raises Feb. 2019 and Sept. 2020 bolstered total risk-based capital •Lowest dividend payout ratio in peer group Tangible Common Equity & RBC Ratios 14.00% 12.00% 10.00% 8.00% 10.91% 8.56% 13.91% 11.56% 11.15% 12.50% 13.33% 9.25%8.89% 14.82% 8.14%8.01%8.13% 6.00% 4.00% 5.52% 2014201520162017201820199/30/2020* TCE/TARBC Ratio 19 CAPITAL POSITION *TCE/TA and TRBC ratios as of 9/30/20 exclude PPP loans. |
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Asset Quality Management remains focused on maintaining excellent asset quality and resolving problem assets Classified Loans & NPAs / AssetsNonperforming Assets Composition as of 9/30/20 $70.4 $ in millions Troubled Debt Restructures – Accruing Accruing Loans/Leases past due 90 days or more $35.7 1.31% $28.0 $49.0 $43.7 $28.6 $33.6 Other Real Estate Owned & Repossessed Assets 0. 1.5.6% 0.74%0.82%0.81% 0.56% 0.27%0.32% $19.0 million 92.7% Nonaccrual Loans/Leases ASSET QUALITY 20142015201620172018201909/30/20 1234567 20 |
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Strong Credit Culture Supported by High Levels of Reserves QCRH has delayed CECL implementation due to current environment. Reserves / Loans (%) (1) Amount of remaining loan discount ($MM): Reserves / NPLs (%)(1) $0.7$10.1$8.1$11.6 $7.7 $4.5 1.88% 404% 425% 1.45% 1.20% 1.28% 1.16% 1.41% 288% 1.04% 1.03% 0.98% 0.95% 223% 193% 184% 180%183% 145% 215% 214% 194% 2015201620172018201909/30/20 QCRHProxy Peers 2015201620172018201909/30/20 QCRHProxy Peers 21 RESERVES |
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Strong Revenue Growth and Attractive Mix Predictable and diversified fee income streams complement net interest income $ in millions $273 $222 40% Key Components of Fee Income: $87 $77 25% 23% 77%75% $110 25% 75% $130 21% 79% $167 23% 77% 30% 70% 60% •Wealth Management ($4.1 billion in assets under administration as of 9/30/20) •Correspondent banking (192 relationships as of 9/30/20) •SBA & USDA guaranteed loan sales •Swap fee income (1) 2014201520162017201820199/30/2020 (2) REVENUE Net Interest IncomeNoninterest Income 22 |
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Consistent Improvement in Shareholder Returns $46 $59$59 Adj. Net Income $ in millions $14 $1.72 $21 $1.99 $29 $2.31 $36 $2.66 $3.08 $3.66 $3.69 Adj. EPS (1) 2014201520162017201820199/30/2020 Return on Average Assets Efficiency Ratio (%) 0.61% 0.82% 1.03%1.03%1.06%1.15%1.02% 72.5%72.8% 64.9% 66.5% 64.8% 66.2% 51.4% RETURNS 2014201520162017201820199/30/20 (1) 9/30/20 data represents YTD annualized. (1) (1) 2014201520162017201820199/30/20 23 |
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COVID-19 EXPOSURE Q2 2020 |
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PPP & LRP Participation |
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PPP QCRH experienced robust client participation in the PPP. As of Sept. 30: •Total number of PPP loans: 1,698 •Total dollar amount: $358MM This total includes the acquisition of new, highly desired clients in our existing markets: •Number of new client loans: 309 (19% of total PPP loans) •Total of new client loans: $63MM * PPP loans $50K or less accounted for 781 loans, totaling $17MM with an average loan size of $21K. 26 |
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LOAN RELIEF The QCRH LRP offers immediate payment relief to consumer and small business loan clients. Loan Relief Program Round Two Participation, as of Sept. 30: •238 total loans/leases representing $83MM, or 1.95% of total loans/leases Loan Relief Program Impact on NPAs: •Only one loan totaling $1.3 million received a second deferral and is classified as a nonperforming asset, as of Sept. 30, 2020. This was unrelated to COVID-19. 27 |
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LOAN RELIEF A breakdown of the industries for Round One and Round Two as of Sept. 30: Industry Round One Round Two Total Amount (in millions) % of Total Loans/Leases Total Amount (in millions) % of Total Loans/Leases % of Loans in Industry Segment All Investment Real Estate $251 5.91% $9 0.21% 0.52% Retail (Including Automotive) $75 1.76% $1 0.02% 0.31% Consumer $42 0.99% $2 0.05% 0.91% Hotels $38 0.89% $36 0.85% 42.86% Media and Telecommunications $29 0.68% $13 0.31% 32.77% Health Care and Social Assistance $22 0.52% $2 0.05% 0.81% All Other $18 0.42% $1 0.02% N/A Construction $10 0.24% $0 0.00% 0.00% Other Services $10 0.24% $1 0.02% 0.55% Arts, Entertainment and Recreation $8 0.19% $3 0.07% 10.99% Restaurants (Limited & Full Service) $8 0.19% $1 0.02% 1.72% Manufacturing $6 0.14% $0 0.00% 0.00% Management of Companies and Enterprises $5 0.12% $0 0.00% 0.00% m2 Lease Funds $53 1.24% $14 0.33% N/A TOTAL $575 13.53% $83 1.95% N/A |
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IndustryConcentration Disclosures |
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PRIMARY The following industries were deemed higher risk in our commercial loan portfolio due to the COVID-19 pandemic. As of Sept. 30: 30 |
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HOTEL As of Sept. 30, QCRH hotel exposure was $84MM, or 1.98% of total loans. Overview in Our Markets •Overall occupancy rates during the third quarter ranged from 35%-65% •Cedar Rapids area occupancy rates were 80%-100% due to a storm that hit the area in August •Our portfolio has little reliance on conventions or large events •Majority of hotels are top franchises with experienced operators 31 |
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RESTAURANT As of Sept. 30, QCRH full and limited-service restaurant exposure was $40MM, or 0.94% of total loans. Overview in Our Markets •Most restaurants have socially-distant seating and continue to focus on carry out or drive-thru •Many restaurants with carry out and drive-thrus are performing well, some even better than before the pandemic •Many operators have reduced the size of their staff to match reduced demand 32 |
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ENTERTAINMENT As of Sept. 30, QCRH arts, entertainment and recreation exposure was $28MM, or 0.66% of total loans. Overview in Our Markets •Minimal impact to golf courses; recreation centers are open with restrictions •Many entertainment businesses introduced online offerings, virtual tours and streaming services •Some challenges with larger in-person events 33 |
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SECONDARY As of Sept. 30, QCRH retail exposure was $232MM, or 5.45% of total loans. Overview in Our Markets •Third quarter retail sales increased 3.6% over last quarter •Automotive/truck/RV sales and repair performing very well and better than anticipated •Food and beverage industry continues to be very strong 34 |
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SECONDARY As of Sept. 30, QCRH retail investment commercial real estate exposure was $140MM, or 3.29% of total loans. 35 |
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SECONDARY 76 Multi-tenant properties with exposure of $107MM or 2.52% of total loans. 41 Single-tenant properties with exposure of $29MM or 0.68% of total loans. 36 36 |
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APPENDIX |
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QUAD CITY BANK & TRUST Deposit Market Share Institution NameOffices in MSA Deposits* ($ in millions) Market Share John H. Anderson, CEO Laura “Divot” Ekizian, President Assets: $2.2 Billion1 (as of 9/30/20) Population: 382,268 Market Deposits: $8.2 Billion 1.Quad City Bank & Trust51,708.018.6% 2.Wells Fargo & Co.101,272.214.0% 3.Blackhawk Bancorp. Inc.181,034.311.4% 4.U.S. Bancorp10875.59.6% 5.Orion Bancorp. Inc.8438.74.8% 6.Triumph Bancorp Inc.10435.14.8% 7.First Midwest Bancorp Inc.4380.04.2% 8.AmBank Holdings Inc.8324.43.6% 9.Prophetstown Banking Co.1228.52.5% 10.Northwest Investment Co.3200.42.2% CEDAR RAPIDS BANK & TRUST Deposit Market Share Institution NameOffices in MSA Deposits* ($ in millions) Market Share Larry J. Helling, CEO James Klein, President Assets: $2.01 Billion (as of 9/30/20) Population: 271,952 Market Deposits: $5.9 Billion 1.Cedar Rapids Bank & Trust51,195.816.5% 2.U.S. Bancorp71,026.914.2% 3.Wells Fargo & Co.9794.411.0% 4.Neighbor Insurance Agency Inc.9784.110.8% 5.Hills Bancorp.7612.18.5% 6.BTC Financial Corp.3306.74.2% 7.Dunn Investment Co.4281.83.9% 8.Fidelity Ban Corp.3175.62.4% 9.Ohnward Bancshares Inc.4168.22.3% 10.Country Bancorp.5154.82.1% MARKET SHARE (1) Includes $241.5 million of the assets of m2 Lease Funds, as this entity is wholly-owned and consolidated with the bank. Source: FDIC deposit market share data as provided by S&P Global.. Deposit data is as of 9/30/2038 * Dollars in millions. |
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COMMUNITY BANK & TRUST Deposit Market Share (Black Hawk County) Institution NameOffices in MSA Deposits* ($ in millions) Market Share Stacey J. Bentley, President & CEO Assets: $231 Million (as of 9/30/20) Population: 169,565 Market Deposits: $1.7 Billion 1.FSB Financial Services Inc.6793.930.5% 2.U.S. Bancorp6457.617.6% 3.Wells Fargo & Co.3284.910.9% 4.Lincoln Bancorp4194.57.5% 5.Regions Financial Corp.3163.46.3% 6.Fidelity Ban Corp.3158.96.1% 7.Community Bank and Trust3156.06.0% 8.First of Waverly Corp.198.33.8% 9.Great Western Bancorp Inc.287.03.3% 10.Evans Bancshares Inc.283.23.2% COMMUNITY STATE BANK Deposit Market Share Institution NameOffices in MSA Deposits* ($ in millions) Market Share Kurt A. Gibson, President & CEO Assets: $903 Million (as of 9/30/20) Population: 682,877 Des Moines/West Des Moines MSA Market Deposits: $18.7 Billion 1.Wells Fargo & Co.183,610.215.2% 2.BTC Financial Corp.193,338.114.0% 3.West Bancorporation, Inc.81,850.67.8% 4.U.S. Bancorp131,499.96.3% 5.Great Western Bancorp Inc.111,258.55.3% 6.Bank of America Corp.31,250.55.3% 7.Community State Bank10778.53.3% 8.BNP Paribas SA12547.12.3% 9.Albrecht Financial Services Inc.7392.91.7% 10.Bank Iowa Corp.6373.51.6% MARKET SHARE Source: FDIC deposit market share data as provided by S&P Global. Deposit data is as of 9/30/20. * Dollars in millions. 39 |
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SFC BANK Deposit Market Share Institution NameOffices in MSA Deposits* ($ in millions) Market Share Robert C. Fulp, CEO Monte C. McNew, President Assets: $746 Million (as of 9/30/20) Population: 467,912 Springfield, MO - MSA Market Deposits: $9.9 Billion Source: FDIC deposit market share data as provided by S&P Global. Deposit data is as of 9/30/20. * Dollars in millions. 1.Great Southern Bancorp Inc.202,220.316.7% 2.Commerce Bancshares Inc.111,481.611.1% 3.Central Banco. Inc.221,411.510.6% 4.Guaranty Federal Bancshares Inc.10750.65.6% 5.OakStar Bancshares Inc.6673.05.1% 6.Bank of America Corp.4648.64.9% 7.SFC Bank1564.74.2% 8.Reliable Community Bancshares Inc.12549.94.1% 9.U.S. Bancorp11512.63.9% 10.Simmons First National Corp.8443.83.3% MARKET SHARE 40 |
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3551 Seventh Street Moline, IL 61265 www.qcrh.com © Copyright 2020 QCR Holdings, Inc. All Rights Reserved |
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