Note 20 - Parent Company Only Financial Statements

12 Months Ended

Dec. 31, 2014

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

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

Note 20.          Parent Company Only Financial Statements

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

Condensed Balance Sheets

December 31, 2014 and 2013

Assets	2014			2013
Cash and due from banks	$	4,499,139		$	7,212,584
Interest-bearing deposits at financial institutions		190,127			187,401
Securities available for sale, at fair value		1,724,353			1,644,663
Investment in bank subsidiaries		198,881,739			187,410,269
Investment in nonbank subsidiaries		1,388,361			1,396,632
Premises and equipment, net		3,160,035			3,243,575
Other assets		6,765,109			8,709,546
Total assets	$	216,608,863		$	209,804,670
Liabilities and Stockholders' Equity
Liabilities:
Other borrowings	$	21,745,116		$	14,104,323
Junior subordinated debentures		40,423,735			40,289,830
Other liabilities		10,361,503			7,833,737
Total liabilities		72,530,354			62,227,890
Stockholders' Equity:
Preferred stock		-			29,867
Common stock		8,074,443			8,005,708
Additional paid-in capital		61,668,968			90,154,528
Retained earnings		77,876,824			64,637,173
Accumulated other comprehensive loss		(1,935,216	)		(13,643,986	)
Treasury stock		(1,606,510	)		(1,606,510	)
Total stockholders' equity		144,078,509			147,576,780
Total liabilities and stockholders' equity	$	216,608,863		$	209,804,670

Condensed Statements of Income

Years Ended December 31, 2014, 2013, and 2012

	2014		2013		2012
Total interest income	$	40,815	$	43,476	$	57,136
Equity in net income of bank subsidiaries		20,333,194		20,499,070		17,206,086
Equity in net income of nonbank subsidiaries		32,675		31,540		168,934
Bargain purchase gain on Community National acquisition		-		1,841,385		-
Other *		7,486		7,942		657,733
Total income		20,414,170		22,423,413		18,089,889
Interest expense		1,986,752		1,714,814		1,408,948
Salaries and employee benefits		4,671,719		4,765,762		4,717,609
Professional fees		1,100,714		977,571		988,306
Acquisition and data conversion costs		-		2,037,684		-
Other-than-temporary impairment losses on securities		-		-		62,400
Other		635,081		642,044		760,618
Total expenses		8,394,266		10,137,875		7,937,881
Income before income tax benefit		12,019,904		12,285,538		10,152,008
Income tax benefit		2,932,633		2,652,707		2,465,759
Net income	$	14,952,537	$	14,938,245	$	12,617,767

*The year ended December 31, 2012 includes pre-tax gain of approximately $580 thousand on the sale of a 2.25% equity interest in a company providing data processing services to merchant credit card acquiring businesses.

Condensed Statements of Cash Flows

Years Ended December 31, 2014, 2013, and 2012

	2014			2013			2012
Cash Flows from Operating Activities:
Net income	$	14,952,537		$	14,938,245		$	12,617,767
Adjustments to reconcile net income to net cash provided by operating activities:
Distributions in excess of (less than) earnings of:
Bank subsidiaries		166,806			5,500,930			(3,706,086	)
Nonbank subsidiaries		9			(103	)		(132,911	)
Bargain purchase gain on Community National acquisition		-			(1,841,385	)		-
Accretion of acquisition fair value adjustments		133,905			79,655			-
Depreciation		100,158			75,182			-
Other-than-temporary impairment losses on securities		-			-			62,400
Stock-based compensation expense		891,619			792,279			849,760
Decrease (increase) in other assets		1,912,597			(725,105	)		(437,827	)
(Decrease) increase in other liabilities		2,644,458			(2,978,106	)		1,938,832
Net cash provided by operating activities		20,802,089			15,841,592			11,191,935
Cash Flows from Investing Activities:
Net increase in interest-bearing deposits at financial instituions		(2,726	)		(2,288	)		(1,937	)
Purchase of securities available for sale		(40,523	)		(34,040	)		(53,501	)
Calls, maturities and redemptions of securities available for sale		71,429			-			-
Net cash paid for Community National acquisition		-			(6,261,684	)		-
Increase in cash from dissolution of VPHC		-			-			99,645
Purchase of premises and equipment		(16,618	)		-			-
Net cash (used in) provided by' investing activities		11,562			(6,298,012	)		44,207
Cash Flows from Financing Activities:
Net (decrease) increase in other borrowings		(2,359,207	)		(373,446	)		-
Proceeds from other borrowings term note		10,000,000			10,000,000			-
Advance (payment) on 364-day revolving note		-			(5,600,000	)		2,000,000
Repayment of Community National's other borrowings at acquisition		-			(3,950,000	)		-
Payment of cash dividends on common and preferred stock		(1,964,608	)		(4,062,726	)		(4,088,949	)
Redemption of 10,223 shares of Series F Noncumulative Perpetual Preferred Stock, net		-			-			(10,223,000	)
Redemption of 29,867 shares of Series F Noncumulative Perpetual Preferred Stock, net		(29,823,922	)		-			-
Proceeds from issuance of common stock, net		620,641			582,742			994,174
Purchase of noncontrolling interests		-			-			(2,388,417	)
Net cash used in financing activities		(23,527,096	)		(3,403,430	)		(13,706,192	)
Net increase (decrease) in cash and due from banks		(2,713,445	)		6,140,150			(2,470,050	)
Cash and due from banks:
Beginning		7,212,584			1,072,434			3,542,484
Ending	$	4,499,139		$	7,212,584		$	1,072,434