Note 11 - Business Segment Information

9 Months Ended

Sep. 30, 2015

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

NOTE 11 – 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. 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 as of and for the three and nine months ended September 30, 2015 and 2014.

	Commercial Banking
	Quad City Bank & Trust		Cedar Rapids Bank & Trust		Rockford Bank & Trust		Wealth Management		All Other			Intercompany Eliminations			Consolidated Total
Three Months Ended September 30, 2015
Total revenue	$	14,039,050	$	10,390,806	$	4,095,882	$	2,314,406	$	7,936,414		$	(7,986,520	)	$	30,790,038
Net interest income	$	10,728,143	$	6,956,027	$	2,771,214	$	-	$	(317,858	)	$	-		$	20,137,526
Net income	$	3,786,289	$	2,893,397	$	847,709	$	373,801	$	6,488,988		$	(7,901,197	)	$	6,488,987
Total assets	$	1,328,053,105	$	867,064,041	$	360,348,002	$	-	$	277,001,408		$	(256,611,839	)	$	2,575,854,717
Provision	$	910,263	$	550,000	$	175,000	$	-	$	-		$	-		$	1,635,263
Goodwill	$	3,222,688	$	-	$	-	$	-	$	-		$	-		$	3,222,688
Core deposit intangible	$	-	$	1,521,287	$	-	$	-	$	-		$	-		$	1,521,287
Three Months Ended September 30, 2014
Total revenue	$	12,467,712	$	8,853,958	$	3,595,245	$	2,082,609	$	5,526,296		$	(5,567,505	)	$	26,958,315
Net interest income	$	9,234,089	$	6,179,763	$	2,584,613	$	-	$	(523,134	)	$	-		$	17,475,331
Net income	$	2,602,238	$	1,861,236	$	669,814	$	358,997	$	4,062,665		$	(5,492,285	)	$	4,062,665
Total assets	$	1,274,033,270	$	822,348,680	$	346,791,265	$	-	$	212,236,225		$	(204,813,887	)	$	2,450,595,553
Provision	$	609,657	$	331,666	$	122,000	$	-	$	-		$	-		$	1,063,323
Goodwill	$	3,222,688	$	-	$	-	$	-	$	-		$	-		$	3,222,688
Core deposit intangible	$	-	$	1,720,799	$	-	$	-	$	-		$	-		$	1,720,799
Nine Months Ended September 30, 2015
Total revenue	$	39,824,626	$	28,662,969	$	11,536,814	$	6,927,453	$	14,489,717		$	(14,721,751	)	$	86,719,828
Net interest income	$	29,745,080	$	19,836,835	$	8,089,626	$	-	$	(1,260,962	)	$	-		$	56,410,579
Net income	$	6,578,479	$	4,645,136	$	1,895,933	$	1,271,661	$	10,143,059		$	(14,391,210	)	$	10,143,058
Total assets	$	1,328,053,105	$	867,064,041	$	360,348,002	$	-	$	277,001,408		$	(256,611,839	)	$	2,575,854,717
Provision	$	3,466,384	$	1,650,000	$	578,000	$	-	$	-		$	-		$	5,694,384
Goodwill	$	3,222,688	$	-	$	-	$	-	$	-		$	-		$	3,222,688
Core deposit intangible	$	-	$	1,521,287	$	-	$	-	$	-		$	-		$	1,521,287
Nine Months Ended September 30, 2014
Total revenue	$	36,368,665	$	25,972,122	$	10,779,962	$	6,387,215	$	16,016,503		$	(16,245,340	)	$	79,279,127
Net interest income	$	27,235,902	$	17,820,878	$	7,637,029	$	-	$	(1,403,894	)	$	-		$	51,289,915
Net income	$	7,397,943	$	5,577,993	$	1,755,117	$	1,205,204	$	11,959,716		$	(15,936,257	)	$	11,959,716
Total assets	$	1,274,033,270	$	822,348,680	$	346,791,265	$	-	$	212,236,225		$	(204,813,887	)	$	2,450,595,553
Provision	$	1,779,698	$	881,666	$	498,000	$	-	$	-		$	-		$	3,159,364
Goodwill	$	3,222,688	$	-	$	-	$	-	$	-		$	-		$	3,222,688
Core deposit intangible	$	-	$	1,720,799	$	-	$	-	$	-		$	-		$	1,720,799