Three months ended

June 30,

Six months ended

June 30,

2012

2011

2012

2011

Net income

$

3,273,379

$

2,773,214

$

6,676,228

$

5,004,698

Less: Net income attributable to noncontrolling interests

201,223

98,245

367,254

204,769

Net income attributable to QCR Holdings, Inc.

$

3,072,156

$

2,674,969

$

6,308,974

$

4,799,929

Less: Preferred stock dividends and discount accretion

935,786

1,035,742

1,874,411

2,068,113

Net income attributable to QCR Holdings, Inc. common stockholders

$

2,136,370

$

1,639,227

$

4,434,563

$

2,731,816

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

Basic

$

0.44

$

0.34

$

0.92

$

0.57

Diluted

$

0.44

$

0.34

$

0.91

$

0.57

Weighted average common shares outstanding

4,835,773

4,847,740

4,818,090

4,759,728

Weighted average common shares issuable upon exercise of stock options and under the employee stock purchase plan

66,080

26,238

49,538

19,120

Weighted average common and common equivalent shares outstanding

4,901,853

4,873,978

4,867,628

4,778,848