Note 10 - Junior Subordinate Debentures

12 Months Ended

Dec. 31, 2013

Subordinated Borrowings [Abstract]

Subordinated Borrowings Disclosure [Text Block]

Note 10.              Junior Subordinated Debentures

As part of the acquisition of Community National, the Company assumed two junior subordinated debentures detailed as follows:

The first debenture assumed was issued in September 2004 in the amount of $3,093,000, and provides that interest is payable quarterly with the interest rate adjusted to equal three-month LIBOR plus 2.17%. Principal is due September 20, 2034, but is callable at any time. The second debenture assumed was issued in March 2007 in the amount of $3,609,000, and provides that interest is payable quarterly with the interest rate adjusted to equal three-month LIBOR plus 1.75%. Principal is due March 15, 2037, but is callable at any time.

Junior subordinated debentures are summarized as of December 31, 2013 and 2012 as follows:

	2013			2012
Note Payable to QCR Holdings Capital Trust II	$	12,372,000		$	12,372,000
Note Payable to QCR Holdings Capital Trust III		8,248,000			8,248,000
Note Payable to QCR Holdings Capital Trust IV		5,155,000			5,155,000
Note Payable to QCR Holdings Capital Trust V		10,310,000			10,310,000
Note Payable to Community National Trust II		3,093,000			-
Note Payable to Community National Trust III		3,609,000			-
Market Value Discount per ASC 805 (see Note 2)		(2,497,170	)		-
	$	40,289,830		$	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, 2013 and 2012, is as follows:

Name	Date Issued	Amount Issued		Interest Rate		Interest Rate as of 12/31/2013			Interest Rate as of 12/31/2012
QCR Holdings Statutory Trust II	February 2004	$	12,372,000	2.85	% over 3-month LIBOR		3.10	%		3.21	%
QCR Holdings Statutory Trust III	February 2004		8,248,000	2.85	% over 3-month LIBOR		3.10	%		3.21	%
QCR Holdings Statutory Trust IV	May 2005		5,155,000	1.80	% over 3-month LIBOR		2.04	%		2.14	%
QCR Holdings Statutory Trust V	February 2006		10,310,000	1.55	% over 3-month LIBOR		1.79	%		1.89	%
Community National Statutory Trust II	September 2004		3,093,000	2.17	% over 3-month LIBOR		2.42	%		N/A
Community National Statutory Trust III	March 2007		3,609,000	1.75	% over 3-month LIBOR		1.99	%		N/A
		$	42,787,000		Weighted Average Rate		2.51	%		2.68	%

Securities issued by all of the trusts listed above mature 30 years from the date of issuance, but all are currently callable at par at anytime.