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Note 11 - Other Borrowings and Unused Lines of Credit (Tables)
12 Months Ended
Dec. 31, 2018
Notes Tables  
Schedule of Debt [Table Text Block]

 

 

 

 

 

 

 

 

    

2018

    

2017

Wholesale structured repurchase agreements

 

$

35,000,000

 

$

35,000,000

Term notes

 

 

23,250,000

 

 

31,000,000

Subordinated debentures

 

 

4,782,318

 

 

 —

Revolving line of credit

 

 

9,000,000

 

 

 —

 

 

$

72,032,318

 

$

66,000,000

 

Schedule of Wholesale Repurchase Agreements [Table Text Block]

 

 

 

 

 

 

 

 

    

2018

    

2017

Residential mortgage-backed and related securities

 

$

38,870,228

 

$

40,503,002

Total securities pledged to wholesale customer repurchase agreements

 

 

38,870,228

 

 

40,503,002

Less: overcollateralized position

 

 

3,870,228

 

 

5,503,002

 

 

$

35,000,000

 

$

35,000,000

 

Schedule of Prepayments of Debt [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

 

    

 

 

    

Weighted

    

Range of

    

 

 

 

 

 

 

 

Average

 

Maturity

 

 

Prepayment

Date of Restructuring

 

Amount

 

Interest Rate

 

Dates

 

 

Fees

First Quarter of 2016

 

$

10,000,000

 

3.97

%  

July 2018

 

$

759,000

Third Quarter of 2016

 

 

55,000,000

 

3.27

%  

February 2019 to September 2020

 

 

4,010,000

Total for 2016

 

$

65,000,000

 

3.38

%  

 

 

$

4,769,000

 

Schedule of Line of Credit Facilities [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2018

December 31, 2017

 

    

 

 

     

Weighted

    

 

 

    

Weighted

 

 

 

 

 

 

Average

 

 

 

 

Average

 

 

 

 

 

 

Interest Rate

 

 

 

 

Interest Rate

 

 

 

Amount Due

 

at Year-End

 

Amount Due

 

at Year-End

 

Maturity:

 

 

  

 

  

 

 

  

 

  

 

Year ending December 31:

 

 

  

 

  

 

 

  

 

  

 

2019

 

$

10,000,000

 

3.59

%

$

10,000,000

 

3.44

%

2020

 

 

25,000,000

 

2.48

 

 

25,000,000

 

2.48

 

Total Wholesale Structured Repurchase Agreements

 

$

35,000,000

 

2.80

%  

$

35,000,000

 

2.76

%

 

Schedule of Maturities of Long-term Debt [Table Text Block]

 

 

 

 

 

    

As of December 31, 2018

2019

 

$

7,750,000

2020

 

 

7,750,000

2021

 

 

7,750,000

 

 

$

23,250,000

 

Schedule of Subordinated Borrowing [Table Text Block]

 

 

 

 

 

 

 

 

    

2018

2017

Note Payable to QCR Holdings Capital Trust II

 

$

10,310,000

 

$

10,310,000

Note Payable to QCR Holdings Capital Trust III

 

 

8,248,000

 

 

8,248,000

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

Note Payable to Guaranty Bankshares Statutory Trust I*

 

 

4,640,000

 

 

4,640,000

Market Value Discount per ASC 805**

 

 

(2,539,957)

 

 

(2,723,513)

 

 

$

37,670,043

 

$

37,486,487

 

*     As part of the acquisition of Guaranty Bank, the Company assumed one junior subordinated debenture with a fair value of $3,857,275.

**   Market value discount includes discount on junior subordinated debt acquired in 2013 as part of the purchase of Community National and junior subordinated debt acquired in 2017 as part of the purchase of Guaranty Bank.

Springfield Bancshares  
Notes Tables  
Schedule of Subordinated Borrowing [Table Text Block]

 

 

 

 

 

 

Amount Outstanding

Interest Rate

 

 

 

as of December 31, 2018

as of December 31, 2018

 

Maturity Date

 

 

  

 

 

Subordinated debenture dated 4/30/16

$ 2,000,000

4.00

%

4/30/2026

Subordinated debenture dated 9/15/16

3,000,000

4.00

%

9/15/2026

Market Value Discount per ASC 805

(217,682)

 

 

 

 Total Subordinated Debentures

$ 4,782,318

 

 

 

 

 

 

 

 

 

Wholesale structured repurchase agreements  
Notes Tables  
Schedule of Underlying Assets of Repurchase Agreements when Amount of Repurchase Agreements Exceeds 10 Percent of Assets [Table Text Block]

 

 

 

 

 

 

 

 

    

2018

    

2017

Secured

 

$

1,690,108

 

$

2,967,441

Unsecured

 

 

362,000,000

 

 

372,000,000

 

 

$

363,690,108

 

$

374,967,441