Note 5 - Business Segment Information

6 Months Ended

Jun. 30, 2014

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

NOTE 5 – BUSINESS SEGMENT INFORMATION

Selected financial and descriptive information is required to be disclosed for reportable operating segments, applying a “management perspective” as the basis for identifying reportable segments. The management perspective is determined by the view that management takes of the segments within the Company when making operating decisions, allocating resources, and measuring performance. The segments of the Company have been defined by the structure of the Company’s internal organization, focusing on the financial information that the Company’s operating decision-makers routinely use to make decisions about operating matters.

The Company’s primary segment, Commercial Banking, is geographically divided by markets into the secondary segments which are the three subsidiary banks wholly-owned by the Company: QCBT, CRBT, and RB&T. CRBT includes CNB’s operations from the date of its acquisition on May 13, 2013. Each of these secondary segments offers similar products and services, but is managed separately due to different pricing, product demand, and consumer markets. Each offers commercial, consumer, and mortgage loans and deposit services.

The Company’s Wealth Management segment represents the trust and asset management and investment management and advisory services offered at the Company’s three subsidiary banks in aggregate. This segment generates income primarily from fees charged based on assets under administration for corporate and personal trusts, custodial services, and investments managed. No assets of the subsidiary banks have been allocated to the Wealth Management segment.

The Company’s All Other segment includes the operations of all other consolidated subsidiaries and/or defined operating segments that fall below the segment reporting thresholds. This segment includes the corporate operations of the parent company.

Selected financial information on the Company’s business segments is presented as follows for the three and six months ended June 30, 2014 and 2013.

	Commercial Banking
	Quad City		Cedar Rapids		Rockford		Wealth					Intercompany			Consolidated
	Bank & Trust		Bank & Trust		Bank & Trust		Management		All Other			Eliminations			Total
Three Months Ended June 30, 2014
Total revenue	$	11,962,820	$	8,710,753	$	3,701,841	$	2,155,272	$	5,266,342		$	(5,347,439	)	$	26,449,589
Net interest income	$	9,080,775	$	5,739,056	$	2,576,734	$	-	$	(431,222	)	$	-		$	16,965,343
Net income	$	2,454,422	$	1,781,987	$	614,264	$	386,913	$	4,007,836		$	(5,237,586	)	$	4,007,836
Total assets	$	1,278,200,724	$	826,278,230	$	351,309,896	$	-	$	208,242,778		$	(199,192,145	)	$	2,464,839,483
Provision for loan/lease losses	$	560,879	$	250,000	$	191,000	$	-	$	-		$	-		$	1,001,879
Goodwill	$	3,222,688	$	-	$	-	$	-	$	-		$	-		$	3,222,688
Core deposit intangible	$	-	$	1,770,677	$	-	$	-	$	-		$	-		$	1,770,677
Three Months Ended June 30, 2013
Total revenue	$	11,810,586	$	8,140,723	$	3,649,811	$	1,728,074	$	6,439,309		$	(4,680,346	)	$	27,088,157
Net interest income	$	8,485,092	$	5,177,399	$	2,434,391	$	-	$	(388,830	)	$	-		$	15,708,052
Net income	$	1,951,271	$	1,864,374	$	719,480	$	232,035	$	4,045,231		$	(4,767,160	)	$	4,045,231
Total assets	$	1,226,928,751	$	896,869,042	$	333,996,843	$	-	$	211,484,709		$	(222,507,868	)	$	2,446,771,477
Provision for loan/lease losses	$	1,020,123	$	100,014	$	400,000	$	-	$	-		$	-		$	1,520,137
Goodwill	$	3,222,688	$	-	$	-	$	-	$	-		$	-		$	3,222,688
Core deposit intangible	$	-	$	3,440,076	$	-	$	-	$	-		$	-		$	3,440,076
Six Months Ended June 30, 2014
Total revenue	$	23,900,953	$	17,014,378	$	7,184,717	$	4,304,606	$	10,490,207		$	(10,663,220	)	$	52,231,641
Net interest income	$	18,001,813	$	11,641,115	$	5,052,416	$	-	$	(880,760	)	$	-		$	33,814,584
Net income	$	4,795,705	$	3,716,757	$	1,085,303	$	846,207	$	7,897,051		$	(10,443,972	)	$	7,897,051
Total assets	$	1,278,200,724	$	826,278,230	$	351,309,896	$	-	$	208,242,778		$	(199,192,145	)	$	2,464,839,483
Provision for loan/lease losses	$	1,170,041	$	550,000	$	376,000	$	-	$	-		$	-		$	2,096,041
Goodwill	$	3,222,688	$	-	$	-	$	-	$	-		$	-		$	3,222,688
Core deposit intangible	$	-	$	1,770,677	$	-	$	-	$	-		$	-		$	1,770,677
Six Months Ended June 30, 2013
Total revenue	$	23,866,247	$	15,069,074	$	6,833,870	$	3,377,085	$	11,171,879		$	(9,488,487	)	$	50,829,668
Net interest income	$	16,876,630	$	9,022,281	$	4,739,468	$	-	$	(739,010	)	$	-		$	29,899,369
Net income	$	4,448,296	$	3,585,185	$	815,722	$	445,042	$	7,310,375		$	(9,294,245	)	$	7,310,375
Total assets	$	1,226,928,751	$	896,869,042	$	333,996,843	$	-	$	211,484,709		$	(222,507,868	)	$	2,446,771,477
Provision for loan/lease losses	$	1,377,905	$	400,014	$	800,000	$	-	$	-		$	-		$	2,577,919
Goodwill	$	3,222,688	$	-	$	-	$	-	$	-		$	-		$	3,222,688
Core deposit intangible	$	-	$	3,440,076	$	-	$	-	$	-		$	-		$	3,440,076