Note 19 - Parent Company Only Financial Statements

12 Months Ended

Dec. 31, 2011

Condensed Financial Information of Parent Company Only Disclosure [Text Block]

Note 19.                 Parent Company Only Financial Statements

The following is condensed financial information of QCR Holdings, Inc. (parent company only):

Condensed Balance Sheets
December 31, 2011 and 2010
Assets	2011			2010
Cash and due from banks	$	3,542,484		$	28,660
Interest-bearing deposits at financial institutions		183,176			181,949
Securities available for sale, at fair value		1,252,658			1,343,243
Investment in bank subsidiaries		181,045,066			170,831,946
Investment in nonbank subsidiaries		2,510,382			2,644,333
Other assets		5,196,321			5,120,332
Total assets	$	193,730,087		$	180,150,463
Liabilities and Stockholders' Equity
Liabilities:
Other borrowings	$	6,231,663		$	5,124,033
Junior subordinated debentures		36,085,000			36,085,000
Other liabilities		9,032,260			8,018,941
Total liabilities		51,348,923			49,227,974
Stockholders' Equity:
Preferred stock		65,090			63,237
Common stock		4,879,435			4,732,428
Additional paid-in capital		89,702,533			86,478,269
Retained earnings		44,585,902			40,550,900
Accumulated other comprehensive income		4,754,714			704,165
Treasury stock		(1,606,510	)		(1,606,510	)
Total stockholders' equity		142,381,164			130,922,489
Total liabilities and stockholders' equity	$	193,730,087		$	180,150,463

Condensed Statements of Operations
Years Ended December 31, 2011, 2010, and 2009
	2011		2010		2009
Total interest income	$	62,521	$	43,157	$	34,285
Equity in net income of bank subsidiaries		14,449,843		11,223,115		6,921,939
Equity in net income (loss) of nonbank subsidiaries		174,058		199,285		(282,712	)
Other		129,773		46,030		254,375
Total income		14,816,195		11,511,587		6,927,887
Interest expense		1,562,323		2,296,446		2,303,020
Salaries and employee benefits		4,078,474		3,153,062		3,572,419
Professional and data processing fees		1,103,910		1,192,225		1,098,487
Other-than-temporary impairment losses on securities		118,847		-		206,369
Other		783,460		743,859		504,750
Total expenses		7,647,014		7,385,592		7,685,045
Income (loss) before income tax benefit		7,169,181		4,125,995		(757,158	)
Income tax benefit		2,522,467		2,460,684		2,529,066
Net income	$	9,691,648	$	6,586,679	$	1,771,908

Condensed Statements of Cash Flows
Years Ended December 31, 2011, 2010, and 2009
	2011			2010			2009
Cash Flows from Operating Activities:
Net income	$	9,691,648		$	6,586,679		$	1,771,908
Adjustments to reconcile net income to net cash provided by operating activities:
Distributions in excess of (less than) earnings of:
Bank subsidiaries		(4,449,843	)		(4,573,115	)		1,103,061
Nonbank subsidiaries		133,951			(141,234	)		558,254
Depreciation		54			590			724
Other-than-temporary impairment losses on securities		118,847			-			206,369
Stock-based compensation expense		646,419			533,271			609,713
Increase in other assets		(65,205	)		(2,935,064	)		(637,605	)
Increase in other liabilities		658,610			926,645			358,824
Net cash provided by operating activities		6,734,481			397,772			3,971,248
Cash Flows from Investing Activities:
Net increase in interest-bearing deposits at financial instituions		(1,227	)		(940	)		(1,948	)
Purchase of securities available for sale		(58,149	)		(27,980	)		(221,365	)
Capital infusion, bank subsidiaries		(1,693,679	)		(2,700,000	)		(36,935,000	)
Net cash used in investing activities		(1,753,055	)		(2,728,920	)		(37,158,313	)
Cash Flows from Financing Activities:
Net increase (decrease) in other borrowings		1,107,630			(2,491,727	)		-
Proceeds from issuance of Series A Subordinated Notes and detachable warrants to purchase 54,000 shares of common stock		-			2,700,000			-
Payment of cash dividends on common and preferred stock		(3,712,493	)		(4,052,089	)		(3,595,221	)
Proceeds from issuance of Series F Noncumulative Perpetual Preferred Stock, net		39,996,922			-			-
Redemption of Series D Cumulative Perpetual Preferred Stock, net		(38,237,000	)		-			-
Repurchase of 521,888 shares of common stock warrants issued in conjunction with Series D Cumulative Perpetual Preferred Stock		(1,100,000	)		-			-
Proceeds from issuance of Series E Noncumulative Convertible Perpetual Preferred Stock, net		-			3,187,233			-
Proceeds from issuance of Series D Cumulative Perpetual Preferred Stock and common stock warrant, net		-			-			38,052,823
Proceeds from issuance of common stock, net		477,339			261,547			226,441
Purchase of noncontrolling interests		-			(149,032	)		(78,960	)
Net cash (used in) provided by financing activities		(1,467,602	)		(544,068	)		34,605,083
Net increase (decrease) in cash and due from banks		3,513,824			(2,875,216	)		1,418,018
Cash and due from banks:
Beginning		28,660			2,903,876			1,485,858
Ending	$	3,542,484		$	28,660		$	2,903,876