Note 14 - Junior Subordinated Debentures (Tables)

12 Months Ended

Dec. 31, 2023

Notes Tables

Summary of junior subordinated debentures

	2023		2022
	(dollars in thousands)
Note Payable to QCR Holdings Capital Trust II	$	10,310	$	10,310
Note Payable to QCR Holdings Capital Trust III		8,248		8,248
Note Payable to QCR Holdings Capital Trust V		10,310		10,310
Note Payable to Community National Trust II*		3,093		3,093
Note Payable to Community National Trust III*		3,609		3,609
Note Payable to Guaranty Bankshares Statutory Trust I**		4,640		4,640
Note Payable to Guaranty Statutory Trust II***		10,310		10,310
Market Value Discount per ASC 805****		(1,789)		(1,918)
	$	48,731	$	48,602

*      As part of the acquisition of Community National in 2013, the Company assumed two junior subordinated debentures with a total fair value of $4.2 million.

**    As part of the acquisition of Guaranty Bank in 2017, the Company assumed one junior subordinated debenture with a fair value of $3.9 million.

***  As part of the acquisition of GFED in 2022, the Company assumed one junior subordinated debenture with a fair value of $10.3 million.

****  Market value discount includes discount on junior subordinated debt acquired as described in *, ** and ***.

Schedule of Company's non-consolidated subsidiaries formed for the issuance of trust preferred securities

		Amount		Amount
		Outstanding		Outstanding
		December 31,		December 31,			Interest Rate as of		Interest Rate as of
Name	Date Issued	2023		2022		Interest Rate	December 31, 2023		December 31, 2022
		(dollars in thousands)
QCR Holdings Statutory Trust II	February 2004	$	10,310	$	10,310	2.85% over 3-month SOFR	8.44	%	6.52	%
QCR Holdings Statutory Trust III	February 2004		8,248		8,248	2.85% over 3-month SOFR	8.44	%	6.52	%
QCR Holdings Statutory Trust V	February 2006		10,310		10,310	1.55% over 3-month SOFR	7.21	%	5.63	%
Community National Statutory Trust II	September 2004		3,093		3,093	2.17% over 3-month SOFR	7.80	%	6.92	%
Community National Statutory Trust III	March 2007		3,609		3,609	1.75% over 3-month SOFR	7.40	%	6.52	%
Guaranty Bankshares Statutory Trust I	May 2005		4,640		4,640	1.75% over 3-month SOFR	7.40	%	6.52	%
Guaranty Statutory Trust II	December 2005		10,310		10,310	1.45% over 3-month SOFR	7.09	%	6.14	%
		$	50,520	$	50,520	Weighted Average Rate	7.70	%	6.29	%