Note 8 - Subsequent Event - Acquisition of Guaranty Bank and Trust Company	9 Months Ended
Sep. 30, 2017
Notes to Financial Statements
Subsequent Events [Text Block]	NOTE 8 – SUBSEQUENT EVENT - ACQUISITION OF GUARANTY BANK AND TRUST COMPANY On October 2, 2017 the Company announced the completion of its previously announced acquisition of Guaranty Bank, headquartered in Cedar Rapids, Iowa, from Guaranty, on October 1, 2017. Guaranty Bank is an Iowa-chartered bank that operates five banking locations throughout the Cedar Rapids metropolitan area. In the acquisition, the Company acquire d 100% of Guaranty Bank’s outstanding common stock and purchased certain assets and assumed certain liabilities of Guaranty for aggregate consideration consisting of 79% QCR Holdings common stock ( 678,670 shares) and 21% cash ( $7.8 million). On September 29, 2017, the last trading date before the closing, the Company’s common stock closed at $45.50, resulting in stock consideration valued at $30.9 million and total consideration paid by the Company of $38.7 million. To help fund the cash portion of the purchase price , on September 27, 2017, the Company executed a $7.0 million four -year term note with principal and interest due quarterly. Interest is calculated at the effective LIBOR rate plus 3.00% per annum ( 4.34% at September 30, 2017). The first principal payment of $437,500 is due in the first quarter of 2018. The collateral on the borrowing is the original stock certificates and stock powers of all subsidiaries. This note is included within other borrowings on the September 30, 2017 Consolidated Balance Sheet. The remaining cash consideration paid to Guaranty came from operating cash. As of the acquisition date, Guaranty Bank had assets with a book value of $257.2 million, loans with a book value of $19 6.1 million, and deposits with a book value of $212.3 million. The Company is in the process of determining the fair value of the individual assets and liabilities purchased/assumed. The Company expects core deposit intangible to be in the range of approximately $2.5 - 4.5 million. The remaininig fair value adjustments, including goodwill, are still in-process. In the fourth quarter of 2017 , the Company intends to merge Guaranty Bank with and into CRBT, with CRBT as the surviving bank. As part of the merger, the Guaranty Bank branches located at 302 3rd Avenue SE, Cedar Rapids, Iowa and 1819 42nd Street NE, Cedar Rapids, Iowa , will permanently close. The three remaining Guaranty Bank branches will become banking offices of CRBT. Until the banks are merged, the Company will own and operate Guaranty Bank as a separate bank subsidiary.

NOTE

– SUBSEQUENT EVENT - ACQUISITION OF GUARANTY BANK AND TRUST COMPANY

October 2, 2017

the Company announced the completion of its previously announced acquisition of Guaranty Bank, headquartered in Cedar Rapids, Iowa, from Guaranty, on

October 1, 2017.

Guaranty Bank is an Iowa-chartered bank that operates

five

banking locations throughout the Cedar Rapids metropolitan area.

In the acquisition, the Company acquire

100%

of Guaranty Bank’s outstanding common stock and purchased certain assets and assumed certain liabilities of Guaranty for aggregate consideration consisting of

79%

QCR Holdings common stock (

678,670

shares) and

21%

cash (

$7.8

million). On

September 29, 2017,

the last trading date before the closing, the Company’s common stock closed at

$45.50,

resulting in stock consideration valued at

$30.9

million and total consideration paid by the Company of

$38.7

million.

To help fund the cash portion of the purchase price

, on

September 27, 2017,

the Company executed a

$7.0

million

four

-year term note with principal and interest due quarterly. Interest is calculated at the effective LIBOR rate plus

3.00%

per annum (

4.34%

September 30, 2017).

The

first

principal payment of

$437,500

is due in the

first

quarter of

2018.

The collateral on the borrowing is the original stock certificates and stock powers of all subsidiaries. This note is included within other borrowings on the

September 30, 2017

Consolidated Balance Sheet. The remaining cash consideration paid to Guaranty came from operating cash.

As of the acquisition date, Guaranty Bank had assets with a book value of

$257.2

million, loans with a book value of

$19

6.1

million, and deposits with a book value of

$212.3

million. The Company is in the process of determining the fair value of the individual assets and liabilities purchased/assumed. The Company expects core deposit intangible to be in the range of approximately

$2.5

4.5

million. The remaininig fair value adjustments, including goodwill, are still in-process.

In the

fourth

quarter of

2017

, the Company intends to merge Guaranty Bank with and into CRBT, with CRBT as the surviving bank. As part of the merger, the Guaranty Bank branches located at

302

3rd

Avenue SE, Cedar Rapids, Iowa and

1819

42nd

Street NE, Cedar Rapids, Iowa , will permanently close. The

three

remaining Guaranty Bank branches will become banking offices of CRBT. Until the banks are merged, the Company will own and operate Guaranty Bank as a separate bank subsidiary.