Note 11 - Junior Subordinated Debentures

12 Months Ended

Dec. 31, 2015

Subordinated Borrowings [Abstract]

Subordinated Borrowings Disclosure [Text Block]

Note 11.              Junior Subordinated Debentures

Junior subordinated debentures are summarized as of December 31, 2015 and 2014 as follows:

	2015			2014
Note Payable to QCR Holdings Capital Trust II	$	10,310,000		$	12,372,000
Note Payable to QCR Holdings Capital Trust III		8,248,000			8,248,000
Note Payable to QCR Holdings Capital Trust IV		5,155,000			5,155,000
Note Payable to QCR Holdings Capital Trust V		10,310,000			10,310,000
Note Payable to Community National Trust II		3,093,000			3,093,000
Note Payable to Community National Trust III		3,609,000			3,609,000
Market Value Discount per ASC 805 (see Note 2)		(2,225,948	)		(2,363,265	)
	$	38,499,052		$	40,423,735

A schedule of the Company’s non-consolidated subsidiaries formed for the issuance of trust preferred securities including the amounts outstanding as of December 31, 2015 and 2014, is as follows:

Name	Date Issued	Amount Outstanding		Interest Rate	Interest Rate as of 12/31/2015		Interest Rate as of 12/31/2014
QCR Holdings Statutory Trust II*	February 2004	$	10,310,000	2.85% over 3-month LIBOR		3.18%		3.08%
QCR Holdings Statutory Trust III	February 2004		8,248,000	2.85% over 3-month LIBOR		3.18%		3.08%
QCR Holdings Statutory Trust IV	May 2005		5,155,000	1.80% over 3-month LIBOR		2.12%		2.03%
QCR Holdings Statutory Trust V	February 2006		10,310,000	1.55% over 3-month LIBOR		1.87%		1.78%
Community National Statutory Trust II	September 2004		3,093,000	2.17% over 3-month LIBOR		2.74%		2.42%
Community National Statutory Trust III	March 2007		3,609,000	1.75% over 3-month LIBOR		2.26%		1.99%
		$	40,725,000	Weighted Average Rate		2.60%		2.50%

*Original amount issued for QCR Holdings Statutory Trust II was $12,372,000.

Securities issued by all of the trusts listed above mature 30 years from the date of issuance, but all are currently callable at par at any time. Interest rate reset dates vary by Trust.

During 2015, the Company acquired and extinguished $2.1 million of the QCR Holdings Statutory Trust II junior subordinated debentures and recorded a $300,000 gain on the extinguishment, which is included in the statements of income. The Company was able to acquire the related security at a discount through auction, which resulted in the gain. The interest rate on this debenture floated at LIBOR plus 2.85% and had a rate of 3.18% at the time of extinguishment. The Company completed a similar transaction in early 2016, which is described in Note 25 to the Consolidated Financial Statements.