Note 10 - Junior Subordinated Debentures

12 Months Ended

Dec. 31, 2011

Subordinated Borrowings Disclosure [Text Block]

Note 10.               Junior Subordinated Debentures

Junior subordinated debentures are summarized as of December 31, 2011 and 2010 as follows:

	2011		2010
Note Payable to Trust II	$	12,372,000	$	12,372,000
Note Payable to Trust III		8,248,000		8,248,000
Note Payable to Trust IV		5,155,000		5,155,000
Note Payable to Trust V		10,310,000		10,310,000
	$	36,085,000	$	36,085,000

A schedule of the Company’s non-consolidated subsidiaries formed for the issuance of trust preferred securities including the amounts outstanding as of December 31, 2011 and 2010, is as follows:

Name	Date Issued	Amount Issued		Interest Rate	Interest Rate as of 12/31/11			Interest Rate as of 12/31/10
QCR Holdings Statutory Trust II	February 2004	$	12,372,000	2.85% over 3-month LIBOR *		3.22	%		6.93	%
QCR Holdings Statutory Trust III	February 2004		8,248,000	2.85% over 3-month LIBOR		3.22	%		3.15	%
QCR Holdings Statutory Trust IV	May 2005		5,155,000	1.80% over 3-month LIBOR		2.20	%		2.09	%
QCR Holdings Statutory Trust V	February 2006		10,310,000	1.55% over 3-month LIBOR **		1.95	%		6.62	%
		$	36,085,000	Weighted Average Rate		2.71	%		5.29	%

*Rate was fixed at 6.93% until March 31, 2011 when it became variable based on 3-month LIBOR plus 2.85%, reset quarterly.

**Rate was fixed at 6.62% until April 7, 2011, when it became variable based on 3-month LIBOR plus 1.55%, reset quarterly.

Securities issued by Trust II, Trust III, Trust IV, and Trust V mature in thirty years, but all are currently callable at par at anytime.