Note 7 - Business Segment Information

3 Months Ended

Mar. 31, 2016

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

NOTE 7 – 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 comprised of 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 months ended March 31, 2016 and 2015.

	Commercial Banking
	Quad City		Cedar Rapids		Rockford		Wealth					Intercompany			Consolidated
	Bank & Trust		Bank & Trust		Bank & Trust		Management		All Other			Eliminations			Total
Three Months Ended March 31, 2016
Total revenue	$	13,516,932	$	10,839,221	$	3,794,247	$	2,234,292	$	6,859,775		$	(6,919,935	)	$	30,324,532
Net interest income	$	10,961,447	$	7,024,988	$	2,911,974	$	-	$	(300,887	)	$	-		$	20,597,522
Net income	$	2,831,696	$	2,934,731	$	617,785	$	447,770	$	6,373,488		$	(6,831,981	)	$	6,373,489
Total assets	$	1,361,607,041	$	885,858,279	$	367,031,670	$	-	$	288,814,613		$	(262,638,349	)	$	2,640,673,254
Provision	$	1,222,985	$	550,000	$	300,000	$	-	$	-		$	-		$	2,072,985
Goodwill	$	3,222,688	$	-	$	-	$	-	$	-		$	-		$	3,222,688
Core deposit intangible	$	-	$	1,421,531	$	-	$	-	$	-		$	-		$	1,421,531
Three Months Ended March 31, 2015
Total revenue	$	12,801,418	$	9,525,647	$	3,541,590	$	2,343,438	$	5,616,443		$	(5,705,028	)	$	28,123,508
Net interest income	$	9,275,038	$	6,358,297	$	2,634,082	$	-	$	(485,200	)	$	-		$	17,782,217
Net income	$	2,562,613	$	2,068,306	$	518,657	$	459,330	$	4,177,889		$	(5,608,906	)	$	4,177,889
Total assets	$	1,268,168,825	$	855,417,474	$	354,993,941	$	-	$	221,549,665		$	(208,470,899	)	$	2,491,659,006
Provision	$	882,456	$	600,000	$	228,000	$	-	$	-		$	-		$	1,710,456
Goodwill	$	3,222,688	$	-	$	-	$	-	$	-		$	-		$	3,222,688
Core deposit intangible	$	-	$	1,621,043	$	-	$	-	$	-		$	-		$	1,621,043