Note 16 - Earnings Per Common Share

12 Months Ended

Dec. 31, 2011

Earnings Per Share [Text Block]

Note 16.                 Earnings Per Common Share

The following information was used in the computation of basic and diluted earnings per common share for the years ended December 31, 2011, 2010, and 2009:

	2011			2010		2009
Net income	$	10,129,869		$	6,807,726	$	2,048,831
Less: Net income attributable to noncontrolling interests		438,221			221,047		276,923
Net income attributable to QCR Holdings, Inc.	$	9,691,648		$	6,586,679	$	1,771,908
Less: Preferred stock dividends and discount accretion		5,283,885	*		4,128,104		3,843,924
Net income (loss) attributable to QCR Holdings, Inc. common stockholders	$	4,407,763		$	2,458,575	$	(2,072,016	)
Earnings (loss) per common share attributable to QCR Holdings, Inc. common stockholders
Basic	$	0.93		$	0.54	$	(0.46	)
Diluted	$	0.92		$	0.53	$	(0.46	)
Weighted average common shares outstanding		4,724,781			4,593,096		4,540,792
Weighted average common shares issuable upon exercise of stock options and under the employee stock purchase plan **		64,245			25,146		-	***
Weighted average common and common equivalent shares outstanding		4,789,026			4,618,242		4,540,792	***

*For the year ended December 31, 2011, includes approximately $1.2 million of accelerated accretion of discount on the redemption of Series D Preferred Stock during the third quarter of 2011.  See Note 11 for additional information.

**Excludes anti-dilutive shares of 546,521 and 1,013,929 at December 31, 2011 and 2010, respectively.

***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.