XML 43 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Income (Unaudited) (USD $)
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Interest and dividend income:    
Loans/leases, including fees $ 16,775,590 $ 15,088,827
Securities:    
Taxable 2,582,794 2,460,449
Nontaxable 1,454,056 802,473
Interest-bearing deposits at financial institutions 90,527 59,754
Restricted investment securities 128,925 125,105
Federal funds sold 3,319 874
Total interest and dividend income 21,035,211 18,537,482
Interest expense:    
Deposits 1,101,593 1,116,791
Short-term borrowings 51,696 64,267
Federal Home Loan Bank advances 1,555,976 1,732,812
Other borrowings 1,171,531 1,190,755
Junior subordinated debentures 305,174 241,540
Total interest expense 4,185,970 4,346,165
Net interest income 16,849,241 14,191,317
Provision for loan/lease losses 1,094,162 1,057,782
Net interest income after provision for loan/lease losses 15,755,079 13,133,535
Noninterest income:    
Trust department fees 1,500,342 1,039,670
Investment advisory and management fees 648,992 609,341
Deposit service fees 1,045,885 907,823
Gains on sales of residential real estate loans 63,487 291,151
Gains on sales government guaranteed portions of loans 194,019 845,224
Securities gains 20,625  
Earnings on bank-owned life insurance 454,164 438,687
Losses on other real estate owned, net (18,048) (446,630)
Other 837,375 1,518,763
Total noninterest income 4,746,841 5,204,029
Noninterest expense:    
Salaries and employee benefits 10,017,918 8,742,683
Occupancy and equipment expense 1,894,288 1,428,870
Professional and data processing fees 1,584,406 1,140,061
FDIC and other insurance 714,750 555,911
Loan/lease expense 345,636 245,091
Advertising and marketing 337,587 264,568
Postage and telephone 290,675 218,691
Stationery and supplies 151,751 110,670
Bank service charges 298,032 275,495
Acquisition and data conversion costs   356,578
Other 505,377 619,882
Total noninterest expense 16,140,420 13,958,500
Net income before income taxes 4,361,500 4,379,064
Federal and state income tax expense 472,285 1,113,920
Net income 3,889,215 3,265,144
Less: Preferred stock dividends 708,008 810,837
Net income attributable to QCR Holdings, Inc. common stockholders $ 3,181,207 $ 2,454,307
Earnings per common share attributable to QCR Holdings, Inc. common shareholders    
Basic (in Dollars per share) $ 0.40 $ 0.50
Diluted (in Dollars per share) $ 0.40 $ 0.49
Weighted average common shares outstanding (in Shares) 7,901,035 4,927,591
Weighted average common and common equivalent shares outstanding (in Shares) 8,030,043 5,034,342