XML 79 R8.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Cash Flows from Operating Activities:      
Net income $ 14,952,537us-gaap_ProfitLoss $ 14,938,245us-gaap_ProfitLoss $ 13,106,240us-gaap_ProfitLoss
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation 2,812,645us-gaap_Depreciation 2,695,578us-gaap_Depreciation 2,350,303us-gaap_Depreciation
Provision for loan/lease losses 6,807,000us-gaap_ProvisionForLoanAndLeaseLosses 5,930,420us-gaap_ProvisionForLoanAndLeaseLosses 4,370,767us-gaap_ProvisionForLoanAndLeaseLosses
Deferred income taxes (1,165,009)us-gaap_IncreaseDecreaseInDeferredIncomeTaxes (1,021,991)us-gaap_IncreaseDecreaseInDeferredIncomeTaxes 2,302,418us-gaap_IncreaseDecreaseInDeferredIncomeTaxes
Stock-based compensation expense 891,619us-gaap_ShareBasedCompensation 792,279us-gaap_ShareBasedCompensation 849,760us-gaap_ShareBasedCompensation
Deferred compensation expense accrued 1,311,627qcrh_DeferredCompensationExpenseAccrued 822,335qcrh_DeferredCompensationExpenseAccrued 844,844qcrh_DeferredCompensationExpenseAccrued
Losses on other real estate owned, net 447,272us-gaap_GainsLossesOnSalesOfOtherRealEstate 545,340us-gaap_GainsLossesOnSalesOfOtherRealEstate 1,332,972us-gaap_GainsLossesOnSalesOfOtherRealEstate
Amortization of premiums on securities, net 1,809,804us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments 3,574,097us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments 3,946,551us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments
Securities gains (92,363)us-gaap_GainLossOnInvestments (432,492)us-gaap_GainLossOnInvestments (104,600)us-gaap_GainLossOnInvestments
Other-than-temporary impairment losses on securities     62,400us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
Loans originated for sale (58,128,415)us-gaap_PaymentsForOriginationAndPurchasesOfLoansHeldForSale (80,027,780)us-gaap_PaymentsForOriginationAndPurchasesOfLoansHeldForSale (120,430,173)us-gaap_PaymentsForOriginationAndPurchasesOfLoansHeldForSale
Proceeds on sales of loans 61,435,064us-gaap_ProceedsFromSaleOfLoansHeldForSale 86,231,767us-gaap_ProceedsFromSaleOfLoansHeldForSale 122,143,407us-gaap_ProceedsFromSaleOfLoansHeldForSale
Gains on sales of residential real estate loans, net (460,721)us-gaap_GainLossOnSalesOfLoansNet (836,065)us-gaap_GainLossOnSalesOfLoansNet (1,388,142)us-gaap_GainLossOnSalesOfLoansNet
Gains on sales of government guaranteed portions of loans, net (2,040,638)us-gaap_GainLossOnSaleOfOtherLoansAndLeases (2,148,979)us-gaap_GainLossOnSaleOfOtherLoansAndLeases (1,069,565)us-gaap_GainLossOnSaleOfOtherLoansAndLeases
Gain on sale of credit card loan receivables   (495,405)us-gaap_GainsLossesOnSalesOfCreditCardPortfolio  
Gain on sale of business   (2,334,216)us-gaap_DisposalGroupNotDiscontinuedOperationGainLossOnDisposal  
Increase in cash value of bank-owned life insurance (1,721,507)us-gaap_LifeInsuranceCorporateOrBankOwnedChangeInValue (1,786,023)us-gaap_LifeInsuranceCorporateOrBankOwnedChangeInValue (1,609,208)us-gaap_LifeInsuranceCorporateOrBankOwnedChangeInValue
Decrease (increase) in other assets (1,198,107)us-gaap_IncreaseDecreaseInOtherOperatingAssets 7,650,490us-gaap_IncreaseDecreaseInOtherOperatingAssets 1,153,373us-gaap_IncreaseDecreaseInOtherOperatingAssets
Increase in other liabilities 414,134us-gaap_IncreaseDecreaseInOtherOperatingLiabilities 1,017,133us-gaap_IncreaseDecreaseInOtherOperatingLiabilities 2,793,570us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
Net cash provided by operating activities 25,599,915us-gaap_NetCashProvidedByUsedInOperatingActivities 32,036,253us-gaap_NetCashProvidedByUsedInOperatingActivities 30,654,917us-gaap_NetCashProvidedByUsedInOperatingActivities
Bargain purchase gain on Community National acquisition   (1,841,385)us-gaap_BusinessCombinationBargainPurchaseGainRecognizedAmount  
Amortization of core deposit intangible 199,512us-gaap_AmortizationOfIntangibleAssets 178,881us-gaap_AmortizationOfIntangibleAssets  
Accretion of acquisition fair value adjustments, net (674,539)us-gaap_AccretionExpense (1,060,708)us-gaap_AccretionExpense  
Cash Flows from Investing Activities:      
Net increase in federal funds sold (7,345,000)us-gaap_IncreaseDecreaseInFederalFundsSold (540,000)us-gaap_IncreaseDecreaseInFederalFundsSold (5,775,000)us-gaap_IncreaseDecreaseInFederalFundsSold
Net (increase) decrease in interest-bearing deposits at financial institutions (2,289,765)us-gaap_ProceedsFromPaymentsForInInterestBearingDepositsInBanks (8,660,888)us-gaap_ProceedsFromPaymentsForInInterestBearingDepositsInBanks 4,391,112us-gaap_ProceedsFromPaymentsForInInterestBearingDepositsInBanks
Proceeds from sales of other real estate owned 1,593,714us-gaap_ProceedsFromSaleOfForeclosedAssets 1,345,479us-gaap_ProceedsFromSaleOfForeclosedAssets 5,241,265us-gaap_ProceedsFromSaleOfForeclosedAssets
Purchase of derivative instruments (2,071,650)us-gaap_PaymentsForHedgeInvestingActivities    
Activity in securities portfolio:      
Purchases (76,256,503)us-gaap_PaymentsToAcquireInvestments (312,970,498)us-gaap_PaymentsToAcquireInvestments (474,461,164)us-gaap_PaymentsToAcquireInvestments
Calls, maturities and redemptions 35,247,090us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities 147,264,900us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities 374,292,050us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
Paydowns 23,611,559qcrh_Paydowns 46,098,773qcrh_Paydowns 39,956,569qcrh_Paydowns
Sales 78,476,422us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities 37,393,047us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities 19,215,075us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities
Activity in restricted investment securities:      
Purchases (1,912,050)us-gaap_PaymentsToAcquireRestrictedInvestments (7,264,600)us-gaap_PaymentsToAcquireRestrictedInvestments (4,584,300)us-gaap_PaymentsToAcquireRestrictedInvestments
Redemptions 3,380,100us-gaap_ProceedsFromSaleOfRestrictedInvestments 7,244,200us-gaap_ProceedsFromSaleOfRestrictedInvestments 4,090,050us-gaap_ProceedsFromSaleOfRestrictedInvestments
Purchases of bank-owned life insurance     (2,000,000)us-gaap_PaymentsToAcquireLifeInsurancePolicies
Net increase in loans/leases originated and held for investment (180,325,359)us-gaap_PaymentsForProceedsFromLoansAndLeases (55,311,462)us-gaap_PaymentsForProceedsFromLoansAndLeases (91,275,511)us-gaap_PaymentsForProceedsFromLoansAndLeases
Purchase of premises and equipment (2,035,855)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (2,430,353)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (1,871,942)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Proceeds from sale of credit card loan receivables   10,674,723qcrh_ProceedsFromSaleOfCreditCardLoanReceivables  
Net cash received from Community National Acquisition   3,025,073us-gaap_ProceedsFromPreviousAcquisition  
Net cash paid on sales of certain branches of Community National Bank   (30,425,618)us-gaap_PaymentsForPreviousAcquisition  
Net cash used in investing activities (129,927,297)us-gaap_NetCashProvidedByUsedInInvestingActivities (164,557,224)us-gaap_NetCashProvidedByUsedInInvestingActivities (132,781,796)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash Flows from Financing Activities:      
Net increase in deposits 32,695,797us-gaap_IncreaseDecreaseInDeposits 108,923,293us-gaap_IncreaseDecreaseInDeposits 168,656,312us-gaap_IncreaseDecreaseInDeposits
Net (decrease) increase in short-term borrowings 119,058,703us-gaap_ProceedsFromRepaymentsOfShortTermDebt (21,789,994)us-gaap_ProceedsFromRepaymentsOfShortTermDebt (42,453,489)us-gaap_ProceedsFromRepaymentsOfShortTermDebt
Activity in Federal Home Loan Bank advances:      
Advances 6,000,000us-gaap_ProceedsFromFederalHomeLoanBankAdvances 77,000,000us-gaap_ProceedsFromFederalHomeLoanBankAdvances 13,000,000us-gaap_ProceedsFromFederalHomeLoanBankAdvances
Calls and maturities (27,850,000)qcrh_CallsAndMaturities (82,000,000)qcrh_CallsAndMaturities (24,400,000)qcrh_CallsAndMaturities
Net change in short-term and overnight advances (6,000,000)qcrh_NetChangeInShorttermAndOvernightAdvances 34,000,000qcrh_NetChangeInShorttermAndOvernightAdvances 9,000,000qcrh_NetChangeInShorttermAndOvernightAdvances
Net (decrease) increase in other borrowings   (200,000)us-gaap_ProceedsFromRepaymentsOfOtherDebt 8,099us-gaap_ProceedsFromRepaymentsOfOtherDebt
Proceeds from term debt 10,000,000qcrh_ProceedsFromTermNote 10,000,000qcrh_ProceedsFromTermNote  
Principal payments on term debt (2,125,000)us-gaap_RepaymentsOfLongTermDebt    
Advance (payment) on 364-day revolving note   (5,600,000)us-gaap_RepaymentsOfShortTermDebt 2,000,000us-gaap_RepaymentsOfShortTermDebt
Repayment of Community National's other borrowings at acquisition   (3,950,000)us-gaap_RepaymentsOfNotesPayable  
Payment of cash dividends on common and preferred stock (1,964,608)us-gaap_PaymentsOfOrdinaryDividends (4,062,726)us-gaap_PaymentsOfOrdinaryDividends (4,088,949)us-gaap_PaymentsOfOrdinaryDividends
Proceeds from issuance of common stock, net 620,641us-gaap_ProceedsFromIssuanceOfCommonStock 582,742us-gaap_ProceedsFromIssuanceOfCommonStock 994,174us-gaap_ProceedsFromIssuanceOfCommonStock
Purchase of noncontrolling interests     (1,934,532)us-gaap_PaymentsToAcquireEquityMethodInvestments
Net cash provided by financing activities 100,611,611us-gaap_NetCashProvidedByUsedInFinancingActivities 112,903,315us-gaap_NetCashProvidedByUsedInFinancingActivities 110,558,615us-gaap_NetCashProvidedByUsedInFinancingActivities
Net (decrease) increase in cash and due from banks (3,715,771)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (19,617,656)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 8,431,736us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and due from banks, beginning 41,950,790us-gaap_CashAndCashEquivalentsAtCarryingValue 61,568,446us-gaap_CashAndCashEquivalentsAtCarryingValue 53,136,710us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and due from banks, ending 38,235,019us-gaap_CashAndCashEquivalentsAtCarryingValue 41,950,790us-gaap_CashAndCashEquivalentsAtCarryingValue 61,568,446us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental Disclosures of Cash Flow Information, cash payments for:      
Interest 16,826,619us-gaap_InterestPaid 17,953,357us-gaap_InterestPaid 19,962,937us-gaap_InterestPaid
Income and franchise taxes 4,541,000us-gaap_IncomeTaxesPaid 3,011,244us-gaap_IncomeTaxesPaid 1,345,000us-gaap_IncomeTaxesPaid
Supplemental Schedule of Noncash Investing Activities:      
Change in accumulated other comprehensive income (loss), unrealized gains (losses) on on securities available for sale and interest rate cap derivatives, net 11,708,770us-gaap_AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLoss (18,350,669)us-gaap_AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLoss (48,031)us-gaap_AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLoss
Exchange of shares of common stock in connection with payroll taxes for restricted stock and options exercised (177,984)us-gaap_OtherSignificantNoncashTransactionValueOfConsiderationGiven1 (434,545)us-gaap_OtherSignificantNoncashTransactionValueOfConsiderationGiven1 (10,415)us-gaap_OtherSignificantNoncashTransactionValueOfConsiderationGiven1
Transfers of loans to other real estate owned 5,594,256us-gaap_TransferOfOtherRealEstate 7,115,008us-gaap_TransferOfOtherRealEstate 2,143,017us-gaap_TransferOfOtherRealEstate
Due from broker 2,290,930qcrh_ProceedsFromMunicipalSecuritiesSettlement    
Liability established for purchase of noncontrolling interest     2,847,687us-gaap_LiabilitiesAssumed1
Fair value of assets acquired:      
Cash and due from banks *   9,286,757us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents  
Federal funds sold   12,335,000qcrh_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedFederalFundsSold  
Interest-bearing deposits at financial institutions   2,024,539qcrh_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInterestBearingDepositsAtFinancialInstitutions  
Securities available for sale   45,853,826us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsMarketableSecurities  
Loans/leases receivable held for investment, net   195,658,486us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables  
Premises and equipment, net   8,132,021us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment  
Core deposit intangible   3,440,076us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles  
Bank-owned life insurance   4,595,529qcrh_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBankOwnedLifeInsurance  
Restricted investment securities   1,259,375qcrh_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedRestrictedInvestmentSecurities  
Other real estate owned   550,326qcrh_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherRealEstateOwned  
Other assets   5,178,583us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherNoncurrentAssets  
Total assets acquired   288,314,518us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets  
Fair value of liabilities assumed:      
Deposits   255,045,071qcrh_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeposits  
Other borrowings   3,950,000qcrh_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherBorrowings  
Junior subordinated debentures   4,125,175qcrh_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedJuniorSubordinatedDebentures  
Other liabilities   3,911,053us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesOther  
Total liabilities assumed   267,031,299us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities  
Net assets acquired   21,283,219us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet  
Consideration paid:      
Cash paid *    [1] 6,261,684us-gaap_PaymentsToAcquireBusinessesGross [1]    [1]
Issuance of 834,715 shares of common stock   13,180,150us-gaap_BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable  
Total consideration paid   19,441,834us-gaap_BusinessCombinationConsiderationTransferred1  
Bargain purchase gain   1,841,385us-gaap_BusinessCombinationBargainPurchaseGainRecognizedAmount  
Assets sold:      
Cash **    [2] 30,425,618us-gaap_DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents [2]    [2]
Loans receivable   54,458,870us-gaap_DisposalGroupIncludingDiscontinuedOperationAccountsNotesAndLoansReceivableNet  
Premises and equipment, net   2,373,822us-gaap_DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipment  
Core deposit intangible   1,390,762us-gaap_DisposalGroupIncludingDiscontinuedOperationIntangibleAssets  
Other assets   138,899us-gaap_DisposalGroupIncludingDiscontinuedOperationOtherAssets  
Total assets sold   88,787,971us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperation  
Liabilities sold:      
Deposits   91,022,098qcrh_DisposalGroupIncludingDiscontinuedOperationDeposits  
Other liabilities   100,089us-gaap_DisposalGroupIncludingDiscontinuedOperationOtherLiabilities  
Total liabilities sold   91,122,187us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation  
Gains on sales of certain branches of Community National Bank   2,334,216us-gaap_DisposalGroupNotDiscontinuedOperationGainLossOnDisposal  
Credit Card Issuing Operations [Member]      
Adjustments to reconcile net income to net cash provided by operating activities      
Gain on sale of business   (355,268)us-gaap_DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
/ us-gaap_SignificantAcquisitionsAndDisposalsByTransactionAxis
= qcrh_CreditCardIssuingOperationsMember
 
Liabilities sold:      
Gains on sales of certain branches of Community National Bank   355,268us-gaap_DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
/ us-gaap_SignificantAcquisitionsAndDisposalsByTransactionAxis
= qcrh_CreditCardIssuingOperationsMember
 
CNB Branches [Member]      
Adjustments to reconcile net income to net cash provided by operating activities      
Gain on sale of business   (2,334,216)us-gaap_DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
/ us-gaap_SignificantAcquisitionsAndDisposalsByTransactionAxis
= qcrh_CNBBranchesMember
 
Liabilities sold:      
Gains on sales of certain branches of Community National Bank   2,334,216us-gaap_DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
/ us-gaap_SignificantAcquisitionsAndDisposalsByTransactionAxis
= qcrh_CNBBranchesMember
 
Series F Noncumulative Perpetual Preferred Stock One [Member]      
Activity in Federal Home Loan Bank advances:      
Redemption of Cumulative Perpetual Preferred Stock, net     (10,223,000)us-gaap_StockRedeemedOrCalledDuringPeriodValue
/ us-gaap_StatementClassOfStockAxis
= qcrh_SeriesFNoncumulativePerpetualPreferredStockOneMember
Series F Noncumulative Perpetual Preferred Stock Two [Member]      
Activity in Federal Home Loan Bank advances:      
Redemption of Cumulative Perpetual Preferred Stock, net $ (29,823,922)us-gaap_StockRedeemedOrCalledDuringPeriodValue
/ us-gaap_StatementClassOfStockAxis
= qcrh_SeriesFNoncumulativePerpetualPreferredStockTwoMember
   
[1] Net cash received at closing totaled $3,025,073
[2] Net cash paid at closing totaled $30,425,618