Three months ended

Six months ended

June 30,

2011

2010

2011

2010

Net income

$

2,773,214

$

1,799,837

$

5,004,698

$

3,014,770

Less: Net income (loss) attributable to noncontrolling interests

98,245

62,336

204,769

(14,740

)

Net income attributable to QCR Holdings, Inc.

$

2,674,969

$

1,737,501

$

4,799,929

$

3,029,510

Less: Preferred stock dividends and discount accretion

1,035,742

1,037,313

2,068,113

2,070,732

Net income attributable to QCR Holdings, Inc. common stockholders

$

1,639,227

$

700,188

$

2,731,816

$

958,778

Earnings per common share attributable to QCR Holdings, Inc. common stockholders

Basic

$

0.34

$

0.15

$

0.57

$

0.21

Diluted

$

0.34

$

0.15

$

0.57

$

0.21

Weighted average common shares outstanding

4,847,740

4,591,317

4,759,728

4,582,542

Weighted average common shares issuable upon exercise of stock options

and under the employee stock purchase plan

26,238

58,096

19,120

33,324

Weighted average common and common equivalent shares outstanding

4,873,978

4,649,413

4,778,848

4,615,866