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Consolidated Statements of Income (Loss) (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Interest and dividend income:        
Loans/leases, including fees $ 18,245,724 $ 16,868,806 $ 36,250,243 $ 33,644,396
Securities:        
Taxable 1,735,495 2,573,649 3,678,260 5,156,443
Nontaxable 1,890,320 1,448,415 3,620,888 2,902,471
Interest-bearing deposits at financial institutions 64,665 71,243 141,719 161,770
Restricted investment securities 108,161 139,570 250,479 268,495
Federal funds sold 6,247 3,693 10,753 7,012
Total interest and dividend income 22,050,612 21,105,376 43,952,342 42,140,587
Interest expense:        
Deposits 1,083,487 1,101,615 2,155,932 2,203,208
Short-term borrowings 53,244 60,811 117,269 112,507
Federal Home Loan Bank advances 1,001,646 1,495,980 2,445,361 3,051,956
Other borrowings 1,108,442 1,174,594 2,340,328 2,346,125
Junior subordinated debentures 312,957 307,033 620,399 612,207
Total interest expense 3,559,776 4,140,033 7,679,289 8,326,003
Net interest income 18,490,836 16,965,343 36,273,053 33,814,584
Provision for loan/lease losses 2,348,665 1,001,879 4,059,121 2,096,041
Net interest income after provision for loan/lease losses 16,142,171 15,963,464 32,213,932 31,718,543
Noninterest income:        
Trust department fees 1,511,176 1,444,414 3,144,571 2,944,756
Investment advisory and management fees 758,433 710,858 1,468,476 1,359,850
Deposit service fees 1,100,866 1,091,923 2,217,849 2,137,808
Gains on sales of residential real estate loans 95,535 132,971 181,675 196,458
Gains on sales of government guaranteed portions of loans 69,346 508,168 140,319 702,187
Securities gains, net   571 416,933 21,196
Earnings on bank-owned life insurance 433,152 388,672 911,891 842,836
Swap fee income 393,723   1,119,930 62,000
Debit card fees 255,000 280,800 493,000 511,405
Correspondent banking fees 285,379 218,504 605,000 450,647
Participation service fees on commercial loan participations 223,827 208,005 445,776 414,201
Gains (losses) on other real estate owned, net 98,876 (126,657) 69,923 (144,705)
Other 426,293 485,984 686,204 592,415
Total noninterest income 5,651,606 5,344,213 11,901,547 10,091,054
Noninterest expense:        
Salaries and employee benefits 11,091,952 9,922,191 22,126,404 19,940,109
Occupancy and equipment expense 1,865,552 1,838,971 3,659,723 3,733,259
Professional and data processing fees 1,470,695 1,403,915 2,941,212 2,988,321
FDIC and other insurance 730,563 695,365 1,449,620 1,410,115
Loan/lease expense 368,274 377,492 834,887 723,128
Advertising and marketing 489,504 501,548 907,741 839,135
Postage and telephone 214,142 258,121 463,098 548,796
Stationery and supplies 136,808 145,635 279,363 297,386
Bank service charges 358,996 324,397 696,454 622,429
Losses on debt extinguishment 6,894,185   6,894,185  
Other 671,335 638,894 1,271,643 1,144,271
Total noninterest expense 24,292,006 16,106,529 41,524,330 32,246,949
Net income (loss) before income taxes (2,498,229) 5,201,148 2,591,149 9,562,648
Federal and state income tax expense (benefit) (1,974,411) 1,193,312 (1,062,922) 1,665,597
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 (loss) per common share attributable to QCR Holdings, Inc. common shareholders        
Basic (in Dollars per share) $ (0.05) $ 0.46 $ 0.41 $ 0.86
Diluted (in Dollars per share) $ (0.05) $ 0.45 $ 0.40 $ 0.85
Weighted average common shares outstanding (in Shares) [1] 9,946,744 7,924,624 8,961,327 7,912,830
Weighted average common and common equivalent shares outstanding (in Shares) [2] 9,946,744 8,050,514 9,098,697 8,040,279
Cash dividends declared per common share (in Dollars per share) $ 0.04 $ 0.04 $ 0.04 $ 0.04
[1] The increase in weighted average common shares outstanding was primarily due to the common stock issuance discussed in Note 7 to the Consolidated Financial Statements.
[2] In accordance with U.S. GAAP, the common equivalent shares are not considered in the calculation of diluted earnings per share in periods when the numerator is a net loss.