Note 5 - Earnings Per Share

3 Months Ended

Sep. 30, 2011

Earnings Per Share [Text Block]

NOTE 5 - EARNINGS PER SHARE

The following information was used in the computation of earnings per share on a basic and diluted basis:

	Three months ended					Nine months ended
	September 30,					September 30,
	2011			2010		2011			2010
Net income	$	2,266,601		$	2,123,872	$	7,271,299		$	5,138,642
Less:  Net income attributable to noncontrolling interests		103,446			109,786		308,215			95,046
Net income attributable to QCR Holdings, Inc.	$	2,163,155		$	2,014,086	$	6,963,084		$	5,043,596
Less:  Preferred stock dividends and discount accretion		2,188,058	**		1,028,686		4,256,171	**		3,099,418
Net income (loss) attributable to QCR Holdings, Inc. common stockholders	$	(24,903	)	$	985,400	$	2,706,913		$	1,944,178
Earnings (loss) per common share attributable to QCR Holdings, Inc. common stockholders
Basic	$	(0.01	)	$	0.21	$	0.56		$	0.42
Diluted	$	(0.01	)	$	0.21	$	0.56		$	0.42
Weighted average common shares outstanding		4,866,692			4,598,566		4,795,382			4,587,883
Weighted average common shares issuable upon exercise of stock options and under the employee stock purchase plan		-	*		21,008		52,051			29,219
Weighted average common and common equivalent shares outstanding		4,866,692	*		4,619,574		4,847,433			4,617,102

*In accordance with U.S. GAAP, the common equivalent shares are not considered in the calculation of diluted earnings per share as the numerator is a net loss.

**For the three and nine months ended September 30, 2011, includes approximately $1.2 million of accelerated accretion of discount on the Treasury Capital Purchase Program preferred shares repurchased during the third quarter of 2011.  See Note 8 for additional information.