Three months ended

Six months ended

June 30,

2015

2014

2015

2014

Net income (loss)

$

(523,818

)

$

4,007,836

$

3,654,071

$

7,897,051

Less: Preferred stock dividends

-

373,869

-

1,081,877

Net income (loss) attributable to QCR Holdings, Inc. common stockholders

$

(523,818

)

$

3,633,967

$

3,654,071

$

6,815,174

Earnings per common share attributable to QCR Holdings, Inc. common stockholders

Basic

$

(0.05

)

$

0.46

$

0.41

$

0.86

Diluted

$

(0.05

)

$

0.45

$

0.40

$

0.85

Weighted average common shares outstanding*

9,946,744

7,924,624

8,961,327

7,912,830

Weighted average common shares issuable upon exercise of stock options and under the employee stock purchase plan**

-

125,890

137,370

127,449

Weighted average common and common equivalent shares outstanding**

9,946,744

8,050,514

9,098,697

8,040,279