Document_And_Entity_Informatio
Document And Entity Information | 9 Months Ended | |
Sep. 30, 2013 | Nov. 01, 2013 | |
Document and Entity Information [Abstract] | ' | ' |
Entity Registrant Name | 'QCR HOLDINGS INC | ' |
Document Type | '10-Q | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Common Stock, Shares Outstanding | ' | 5,816,660 |
Amendment Flag | 'false | ' |
Entity Central Index Key | '0000906465 | ' |
Entity Current Reporting Status | 'Yes | ' |
Entity Voluntary Filers | 'No | ' |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Well-known Seasoned Issuer | 'No | ' |
Document Period End Date | 30-Sep-13 | ' |
Document Fiscal Year Focus | '2013 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Consolidated_Balance_Sheets_Cu
Consolidated Balance Sheets (Current Period Unaudited) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
ASSETS | ' | ' |
Cash and due from banks | $58,724,270 | $61,568,446 |
Federal funds sold | 48,192,000 | 26,560,000 |
Interest-bearing deposits at financial institutions | 15,862,796 | 22,359,490 |
Securities held to maturity, at amortized cost | 131,361,845 | 72,079,385 |
Securities available for sale, at fair value | 572,337,329 | 530,159,986 |
Total securities | 703,699,174 | 602,239,371 |
Loans receivable held for sale | 1,445,900 | 4,577,233 |
Loans/leases receivable held for investment | 1,537,937,925 | 1,282,810,406 |
Gross loans/leases receivable | 1,539,383,825 | 1,287,387,639 |
Less allowance for estimated losses on loans/leases | -22,062,389 | -19,925,204 |
Net loans/leases receivable | 1,517,321,436 | 1,267,462,435 |
Premises and equipment, net | 38,996,016 | 31,262,390 |
Goodwill | 3,222,688 | 3,222,688 |
Core deposit intangible | 3,311,073 | ' |
Bank-owned life insurance | 51,544,616 | 45,620,489 |
Restricted investment securities | 15,948,075 | 15,747,850 |
Other real estate owned, net | 8,495,799 | 3,954,538 |
Other assets | 20,396,495 | 13,732,795 |
Total assets | 2,485,714,438 | 2,093,730,492 |
Deposits: | ' | ' |
Noninterest-bearing | 515,364,516 | 450,659,723 |
Interest-bearing | 1,226,467,459 | 923,454,377 |
Total deposits | 1,741,831,975 | 1,374,114,100 |
Short-term borrowings | 169,259,562 | 171,082,961 |
Federal Home Loan Bank advances | 205,350,000 | 202,350,000 |
Other borrowings | 142,646,212 | 138,239,762 |
Junior subordinated debentures | 40,257,438 | 36,085,000 |
Other liabilities | 38,415,774 | 31,424,848 |
Total liabilities | 2,337,760,961 | 1,953,296,671 |
STOCKHOLDERS' EQUITY | ' | ' |
Preferred stock, $1 par value; shares authorized 250,000 September 2013 - 54,867 shares issued and outstanding December 2012 - 54,867 shares issued and outstanding | 54,867 | 54,867 |
Common stock, $1 par value; shares authorized 20,000,000 September 2013 - 5,931,848 shares issued and 5,810,602 outstanding December 2012 - 5,039,448 shares issued and 4,918,202 outstanding | 5,931,848 | 5,039,448 |
Additional paid-in capital | 91,825,249 | 78,912,791 |
Retained earnings | 61,787,378 | 53,326,542 |
Accumulated other comprehensive income (loss) | -10,039,355 | 4,706,683 |
Less treasury stock, September 30, 2013 and December 2012 - 121,246 common shares, at cost | -1,606,510 | -1,606,510 |
Total stockholders' equity | 147,953,477 | 140,433,821 |
Total liabilities and stockholders' equity | $2,485,714,438 | $2,093,730,492 |
Consolidated_Balance_Sheets_Cu1
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Preferred stock, par value (in Dollars per share) | $1 | $1 |
Preferred stock, shares authorized (in Shares) | 250,000 | 250,000 |
Preferred stock, shares issued (in Shares) | 54,867 | 54,867 |
Preferred stock, shares outstanding (in Shares) | 54,867 | 54,867 |
Common stock, par value (in Dollars per share) | $1 | $1 |
Common stock, shares authorized (in Shares) | 20,000,000 | 20,000,000 |
Common stock, shares issued (in Shares) | 5,931,848 | 5,039,448 |
Common stock, shares outstanding (in Shares) | 5,810,602 | 4,918,202 |
Treasury Stock, shares (in Shares) | 121,246 | 121,246 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (Loss) (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Net income | $3,811,944 | $3,184,510 | $11,122,319 | $9,860,738 |
Unrealized gains (losses) on securities available for sale: | ' | ' | ' | ' |
Unrealized holding gains (losses) arising during the period before tax | -800,796 | 2,660,251 | -23,395,367 | 2,313,706 |
Less reclassification adjustment for gains included in net income before tax | 416,936 | ' | 433,396 | 104,600 |
-1,217,732 | 2,660,251 | -23,828,763 | 2,209,106 | |
Tax expense (benefit) | -399,541 | 1,016,673 | -9,082,725 | 841,718 |
Other comprehensive income (loss), net of tax | -818,191 | 1,643,578 | -14,746,038 | 1,367,388 |
Comprehensive income attributable to QCR Holdings, Inc. | $2,993,753 | $4,828,088 | ($3,623,719) | $11,228,126 |
Consolidated_Statement_of_Chan
Consolidated Statement of Changes in Stockholders' Equity (Unaudited) (USD $) | Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Noncontrolling Interest [Member] | Treasury Stock [Member] | Total |
Balance at Dec. 31, 2011 | $65,090 | $4,879,435 | $89,702,533 | $44,585,902 | $4,754,714 | $2,051,538 | ($1,606,510) | $144,432,702 |
Net income | ' | ' | ' | 3,236,818 | ' | 166,031 | ' | 3,402,849 |
Comprehensive income | ' | ' | ' | ' | -1,517,235 | ' | ' | -1,517,235 |
Preferred cash dividends declared and accrued | ' | ' | ' | -938,625 | ' | ' | ' | -938,625 |
Proceeds from issuance of common stock as a result of stock purchased under the Employee Stock Purchase Plan | ' | 7,767 | 55,566 | ' | ' | ' | ' | 63,333 |
Proceeds from issuance of common stock as a result of stock options exercised | ' | 276 | 2,374 | ' | ' | ' | ' | 2,650 |
Stock compensation expense | ' | ' | 326,245 | ' | ' | ' | ' | 326,245 |
Restricted stock awards | ' | 57,770 | -57,770 | ' | ' | ' | ' | ' |
Other adjustments to noncontrolling interests | ' | ' | ' | ' | ' | -2,066 | ' | -2,066 |
Exchange of common stock | ' | -576 | -2,103 | ' | ' | ' | ' | -2,679 |
Balance at Mar. 31, 2012 | 65,090 | 4,944,672 | 90,026,845 | 46,884,095 | 3,237,479 | 2,215,503 | -1,606,510 | 145,767,174 |
Net income | ' | ' | ' | 3,072,156 | ' | 201,223 | ' | 3,273,379 |
Comprehensive income | ' | ' | ' | ' | 1,241,045 | ' | ' | 1,241,045 |
Common cash dividends declared | ' | ' | ' | -189,091 | ' | ' | ' | -189,091 |
Preferred cash dividends declared and accrued | ' | ' | ' | -935,786 | ' | ' | ' | -935,786 |
Redemption of 10,223 shares of Series F Noncumulative Perpetual Preferred Stock | -10,223 | ' | -10,212,777 | ' | ' | ' | ' | -10,223,000 |
Proceeds from issuance of common stock as a result of stock purchased under the Employee Stock Purchase Plan | ' | 10,856 | 78,055 | ' | ' | ' | ' | 88,911 |
Proceeds from issuance of common stock as a result of stock options exercised | ' | 9,090 | 79,902 | ' | ' | ' | ' | 88,992 |
Exchange of common stock | ' | -611 | -7,125 | ' | ' | ' | ' | -7,736 |
Proceeds from exercise of warrants to purchase shares of common stock issued in conjunction with the Series A Subordinated Notes | ' | 4,300 | 38,700 | ' | ' | ' | ' | 43,000 |
Stock compensation expense | ' | ' | 177,269 | ' | ' | ' | ' | 177,269 |
Other adjustments to noncontrolling interests | ' | ' | ' | ' | ' | -2,065 | ' | -2,065 |
Balance at Jun. 30, 2012 | 54,867 | 4,968,307 | 80,180,869 | 48,831,374 | 4,478,524 | 2,414,661 | -1,606,510 | 139,322,092 |
Net income | ' | ' | ' | 3,057,333 | ' | 127,177 | ' | 3,184,510 |
Comprehensive income | ' | ' | ' | ' | 1,643,578 | ' | ' | 1,643,578 |
Preferred cash dividends declared and accrued | ' | ' | ' | -810,837 | ' | ' | ' | -810,837 |
Purchase of noncontrolling interest | ' | ' | -2,133,417 | ' | ' | -2,393,802 | ' | -4,527,219 |
Proceeds from issuance of common stock as a result of stock purchased under the Employee Stock Purchase Plan | ' | 7,642 | 58,326 | ' | ' | ' | ' | 65,968 |
Proceeds from issuance of common stock as a result of stock options exercised | ' | 7,075 | 58,996 | ' | ' | ' | ' | 66,071 |
Proceeds from exercise of warrants to purchase shares of common stock issued in conjunction with the Series A Subordinated Notes | ' | 1,000 | 9,000 | ' | ' | ' | ' | 10,000 |
Stock compensation expense | ' | ' | 169,189 | ' | ' | ' | ' | 169,189 |
Other adjustments to noncontrolling interests | ' | ' | ' | ' | ' | -2,066 | ' | -2,066 |
Balance at Sep. 30, 2012 | 54,867 | 4,984,024 | 78,342,963 | 51,077,870 | 6,122,102 | 145,970 | -1,606,510 | 139,121,286 |
Balance at Dec. 31, 2012 | 54,867 | 5,039,448 | 78,912,791 | 53,326,542 | 4,706,683 | ' | -1,606,510 | 140,433,821 |
Net income | ' | ' | ' | 3,265,144 | ' | ' | ' | 3,265,144 |
Comprehensive income | ' | ' | ' | ' | -836,358 | ' | ' | -836,358 |
Preferred cash dividends declared and accrued | ' | ' | ' | -810,837 | ' | ' | ' | -810,837 |
Proceeds from issuance of common stock as a result of stock purchased under the Employee Stock Purchase Plan | ' | 5,884 | 63,487 | ' | ' | ' | ' | 69,371 |
Proceeds from issuance of common stock as a result of stock options exercised | ' | 19,278 | 153,550 | ' | ' | ' | ' | 172,828 |
Exchange of common stock | ' | -7,048 | -111,628 | ' | ' | ' | ' | -118,676 |
Stock compensation expense | ' | ' | 293,798 | ' | ' | ' | ' | 293,798 |
Tax benefit of nonqualified stock options exercised | ' | ' | 35,251 | ' | ' | ' | ' | 35,251 |
Restricted stock awards | ' | 16,798 | -16,798 | ' | ' | ' | ' | ' |
Exchange of common stock | ' | -16,798 | -289,113 | ' | ' | ' | ' | -305,911 |
Balance at Mar. 31, 2013 | 54,867 | 5,057,562 | 79,041,338 | 55,780,849 | 3,870,325 | ' | -1,606,510 | 142,198,431 |
Net income | ' | ' | ' | 4,045,231 | ' | ' | ' | 4,045,231 |
Comprehensive income | ' | ' | ' | ' | -13,091,489 | ' | ' | -13,091,489 |
Common cash dividends declared | ' | ' | ' | -228,971 | ' | ' | ' | -228,971 |
Preferred cash dividends declared and accrued | ' | ' | ' | -810,838 | ' | ' | ' | -810,838 |
Issuance of 834,715 shares of common stock as a result of the acquisition of Community NationalBancorporation, net | ' | 834,715 | 12,181,894 | ' | ' | ' | ' | 13,016,609 |
Proceeds from issuance of common stock as a result of stock purchased under the Employee Stock Purchase Plan | ' | 9,560 | 104,221 | ' | ' | ' | ' | 113,781 |
Proceeds from issuance of common stock as a result of stock options exercised | ' | 3,769 | 33,070 | ' | ' | ' | ' | 36,839 |
Stock compensation expense | ' | ' | 162,123 | ' | ' | ' | ' | 162,123 |
Tax benefit of nonqualified stock options exercised | ' | ' | 4,197 | ' | ' | ' | ' | 4,197 |
Restricted stock awards | ' | 12,707 | -12,707 | ' | ' | ' | ' | ' |
Balance at Jun. 30, 2013 | 54,867 | 5,918,313 | 91,514,136 | 58,786,271 | -9,221,164 | ' | -1,606,510 | 145,445,913 |
Net income | ' | ' | ' | 3,811,944 | ' | ' | ' | 3,811,944 |
Comprehensive income | ' | ' | ' | ' | -818,191 | ' | ' | -818,191 |
Preferred cash dividends declared and accrued | ' | ' | ' | -810,837 | ' | ' | ' | -810,837 |
Proceeds from issuance of common stock as a result of stock purchased under the Employee Stock Purchase Plan | ' | 5,973 | 65,116 | ' | ' | ' | ' | 71,089 |
Proceeds from issuance of common stock as a result of stock options exercised | ' | 7,230 | 76,718 | ' | ' | ' | ' | 83,948 |
Stock compensation expense | ' | ' | 163,585 | ' | ' | ' | ' | 163,585 |
Tax benefit of nonqualified stock options exercised | ' | ' | 6,026 | ' | ' | ' | ' | 6,026 |
Restricted stock awards | ' | 332 | -332 | ' | ' | ' | ' | ' |
Balance at Sep. 30, 2013 | $54,867 | $5,931,848 | $91,825,249 | $61,787,378 | ($10,039,355) | ' | ($1,606,510) | $147,953,477 |
Consolidated_Statement_of_Chan1
Consolidated Statement of Changes in Stockholders' Equity (Unaudited) (Parentheticals) (USD $) | 3 Months Ended | ||||||
Jun. 30, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | |
Preferred Stock [Member] | Common Stock [Member] | Common Stock [Member] | Common Stock [Member] | Common Stock [Member] | Common Stock [Member] | Common Stock [Member] | |
Shares of common stock issued as a result of stock purchased under the Employee Stock Purchase Plan (in Shares) | ' | 5,973 | 9,560 | 5,884 | 7,642 | 10,856 | 7,767 |
Shares of common stock issued as a result of stock options exercised (in Shares) | ' | 7,230 | 3,769 | 19,278 | 7,075 | 9,090 | 276 |
Shares of common stock issued as a result of stock options exercised (in Shares) | ' | ' | ' | -7,048 | ' | -611 | ' |
Exchange of shares of common stock in connection with payroll taxes for restricted stock (in Shares) | ' | ' | ' | -19,547 | ' | ' | ' |
Common cash dividends declared per share (in Dollars per share) | ' | ' | $0.04 | ' | ' | $0.04 | ' |
Shares of common stock issued as a result of the acquisition of Community National Bancorporation (in Shares) | ' | ' | 834,715 | ' | ' | ' | ' |
Shares of common stock exchanged in connection with payroll taxes for restricted stock (in Dollars) | ' | ' | ' | ($16,798) | ' | ' | ($576) |
Shares of Series F Noncumulative Perpetual Preferred Stock Redeemed (in Shares) | 10,223 | ' | ' | ' | ' | ' | ' |
Shares of common stock issued in conjunction with the Series A Subordinated Notes from exercise of warrants (in Shares) | ' | ' | ' | ' | 1,000 | 4,300 | ' |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||||
Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | ||||
CASH FLOWS FROM OPERATING ACTIVITIES | ' | ' | ' | |||
Net income | $3,811,944 | $11,122,319 | $9,860,738 | |||
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' | ' | |||
Depreciation | ' | 1,995,829 | 1,740,621 | |||
Provision for loan/lease losses | 1,366,984 | 3,944,903 | 3,325,109 | |||
Stock-based compensation expense | ' | 619,506 | 672,703 | |||
Losses on other real estate owned, net | ' | 566,714 | 1,324,468 | |||
Amortization of premiums on securities, net | ' | 2,862,396 | 2,950,609 | |||
Securities gains | ' | -433,396 | -104,600 | |||
Other-than-temporary impairment losses on securities | ' | ' | 62,400 | |||
Loans originated for sale | ' | -70,569,738 | -90,563,711 | |||
Proceeds on sales of loans | ' | 76,372,739 | 90,077,297 | |||
Gains on sales of residential real estate loans, net | ' | -722,368 | -987,021 | |||
Gains on sales of government guaranteed portions of loans, net | ' | -1,949,300 | -978,936 | |||
Increase in cash value of bank-owned life insurance | ' | -1,328,598 | -1,196,987 | |||
Bargain purchase gain on Community National acquisition | ' | -1,841,385 | ' | |||
Accretion of acquisition fair value adjustments, net | ' | -592,620 | ' | |||
Decrease in other assets | ' | 7,319,681 | 3,101,454 | |||
Increase in other liabilities | ' | 3,177,088 | 1,473,626 | |||
Net cash provided by operating activities | ' | 30,672,773 | 20,757,770 | |||
CASH FLOWS FROM INVESTING ACTIVITIES | ' | ' | ' | |||
Net (increase) decrease in federal funds sold | ' | -9,297,000 | 15,060,000 | |||
Net (increase) decrease in interest-bearing deposits at financial institutions | ' | 8,521,233 | -22,686,336 | |||
Proceeds from sales of other real estate owned | ' | 662,586 | 4,201,516 | |||
Activity in securities portfolio: | ' | ' | ' | |||
Purchases | ' | -297,033,410 | -363,501,993 | |||
Calls, maturities and redemptions | ' | 138,661,369 | 292,291,109 | |||
Paydowns | ' | 38,967,219 | 25,174,348 | |||
Sales | 31,225,516 | 37,393,047 | 19,215,075 | |||
Activity in restricted investment securities: | ' | ' | ' | |||
Purchases | ' | -6,184,250 | -3,466,800 | |||
Redemptions | ' | 7,243,400 | 3,939,600 | |||
Net increase in loans/leases originated and held for investment | ' | -65,747,455 | -45,934,981 | |||
Purchase of premises and equipment | ' | -1,597,434 | -1,589,217 | |||
Net cash received from Community National acquisition | ' | 3,025,073 | ' | |||
Net cash used in investing activities | ' | -145,385,621 | -77,297,679 | |||
CASH FLOWS FROM FINANCING ACTIVITIES | ' | ' | ' | |||
Net increase in deposit accounts | ' | 112,711,191 | 137,777,646 | |||
Net decrease in short-term borrowings | ' | -1,823,399 | -72,647,752 | |||
Activity in Federal Home Loan Bank advances: | ' | ' | ' | |||
Advances | ' | 163,000,000 | 14,000,000 | |||
Calls and maturities | ' | -160,000,000 | -22,400,000 | |||
Proceeds from other borrowings term note | ' | 10,000,000 | ' | |||
Advance (payment) on 364-day revolving note | ' | -5,600,000 | 2,000,000 | |||
Repayment of Community National's other borrowings at acquisition | ' | -3,950,000 | ' | |||
Payment of cash dividends on common and preferred stock | ' | -2,853,434 | -3,278,112 | |||
Redemption of 10,223 shares of Series F Noncumulative Perpetual Preferred Stock | ' | ' | -10,223,000 | |||
Purchase of noncontrolling interests | ' | ' | -1,679,532 | |||
Net cash provided by financing activities | ' | 111,868,673 | 43,967,760 | |||
Net decrease in cash and due from banks | ' | -2,844,176 | -12,572,149 | |||
Cash and due from banks, beginning | ' | 61,568,446 | 53,136,710 | |||
Cash and due from banks, ending | 58,724,270 | 58,724,270 | 40,564,561 | |||
Supplemental disclosure of cash flow information, cash payments for: | ' | ' | ' | |||
Interest | ' | 13,546,215 | 15,225,564 | |||
Income/franchise taxes | ' | 1,371,120 | 916,000 | |||
Supplemental schedule of noncash investing activities: | ' | ' | ' | |||
Change in accumulated other comprehensive income (loss), unrealized gains (losses) on securities available for sale, net | ' | -14,746,038 | 1,367,388 | |||
Exchange of shares of common stock in connection with payroll taxes for restricted stock and in connection with stock options exercised | ' | -424,587 | -10,415 | |||
Transfers of loans to other real estate owned | ' | 5,220,235 | 2,143,017 | |||
Liability established for purchase of noncontrolling interest | ' | ' | 2,847,687 | |||
Fair value of assets acquired: | ' | ' | ' | |||
Cash and due from banks * | 9,286,757 | [1] | 9,286,757 | [1] | ' | [1] |
Federal funds sold | 12,335,000 | 12,335,000 | ' | |||
Interest-bearing deposits at financial institutions | 2,024,539 | 2,024,539 | ' | |||
Securities available for sale | 45,853,826 | 45,853,826 | ' | |||
Loans/leases receivable held for investment, net | 195,658,486 | 195,658,486 | ' | |||
Premises and equipment, net | 8,132,021 | 8,132,021 | ' | |||
Core deposit intangible | 3,440,076 | 3,440,076 | ' | |||
Bank-owned life insurance | 4,595,529 | 4,595,529 | ' | |||
Restricted investment securities | 1,259,375 | 1,259,375 | ' | |||
Other real estate owned | 550,326 | 550,326 | ' | |||
Other assets | 5,178,583 | 5,178,583 | ' | |||
Total assets acquired | 288,314,518 | 288,314,518 | ' | |||
Fair value of liabilities assumed: | ' | ' | ' | |||
Deposits | 255,045,071 | 255,045,071 | ' | |||
Other borrowings | 3,950,000 | 3,950,000 | ' | |||
Junior subordinated debentures | 4,125,175 | 4,125,175 | ' | |||
Other liabilities | 3,911,053 | 3,911,053 | ' | |||
Total liabilities assumed | 267,031,299 | 267,031,299 | ' | |||
Net assets acquired | 21,283,219 | 21,283,219 | ' | |||
Consideration paid: | ' | ' | ' | |||
Cash paid * | ' | 6,261,684 | [1] | ' | [1] | |
Issuance of 834,715 shares of common stock | ' | 13,180,150 | ' | |||
Total consideration paid | ' | 19,441,834 | ' | |||
Bargain purchase gain | ' | 1,841,385 | ' | |||
Common Stock [Member] | ' | ' | ' | |||
Activity in Federal Home Loan Bank advances: | ' | ' | ' | |||
Proceeds from issuance of common stock, net | ' | 384,315 | 418,510 | |||
Core Deposits [Member] | ' | ' | ' | |||
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' | ' | |||
Amortization of core deposit intangible | ' | $129,003 | ' | |||
[1] | Net cash received at closing totaled $3,025,073 |
Consolidated_Statements_of_Cas1
Consolidated Statements of Cash Flows (Unaudited) (Parentheticals) | 0 Months Ended | 9 Months Ended |
13-May-13 | Sep. 30, 2013 | |
Shares of Series F Noncumulative Perpetual Preferred Stock Redeemed (in Shares) | ' | 10,223 |
Issuance of common stock, shares (in Shares) | 834,715 | 834,715 |
Note_1_Summary_of_Significant_
Note 1 - Summary of Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2013 | |
Accounting Policies [Abstract] | ' |
Significant Accounting Policies [Text Block] | ' |
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
Basis of presentation: The interim unaudited consolidated financial statements contained herein should be read in conjunction with the audited consolidated financial statements and accompanying notes to the consolidated financial statements for the fiscal year ended December 31, 2012, including QCR Holdings, Inc.’s (the “Company”) Form 10-K filed with the Securities and Exchange Commission on March 11, 2013. Accordingly, footnote disclosures, which would substantially duplicate the disclosures contained in the audited consolidated financial statements, have been omitted. | |
The financial information of the Company included herein has been prepared in accordance with U.S. generally accepted accounting principles for interim financial reporting and has been prepared pursuant to the rules and regulations for reporting on Form 10-Q and Rule 10-01 of Regulation S-X. Such information reflects all adjustments (consisting of normal recurring adjustments) that are, in the opinion of management, necessary for a fair presentation of the financial position and results of operations for the periods presented. Any differences appearing between the numbers presented in financial statements and management’s discussion and analysis are due to rounding. The results of the interim period ended September 30, 2013, are not necessarily indicative of the results expected for the year ending December 31, 2013. | |
The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries which include four commercial banks: Quad City Bank & Trust Company (“QCBT”), Cedar Rapids Bank & Trust Company (“CRBT”), Rockford Bank & Trust Company (“RB&T”), and Community National Bank (“CNB”). On May 13, 2013, the Company acquired Community National Bancorporation (“Community National”) and its banking subsidiary CNB. See Note 2 for additional information on the acquisition. QCBT, CRBT, and RB&T are all state-chartered commercial banks; while CNB is a national-chartered commercial bank. The Company also engages in direct financing lease contracts through its wholly-owned equity investment by QCBT in m2 Lease Funds, LLC (“m2 Lease Funds”). All material intercompany transactions and balances have been eliminated in consolidation. | |
Recent accounting developments: In December 2011, the Financial Accounting Standards Board (“FASB”) issued ASU 2011-11, Balance Sheet (Topic 210) - Disclosures about Offsetting Assets and Liabilities. ASU 2011-11 requires entities to disclose both gross information and net information about both instruments and transactions eligible for offset in the balance sheet, and instruments and transactions subject to an agreement similar to a master netting arrangement. In January 2013, FASB issued ASU 2013-01, Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities. Both ASU 2011-11 and ASU 2013-01 were effective for annual periods beginning on or after January 1, 2013, and interim periods within those annual periods. Adoption did not have a significant impact on the Company’s consolidated financial statements. | |
In February 2013, FASB issued ASU 2013-02, Comprehensive Income (Topic 220) – Reporting of Amounts Reclassified out of Accumulated Other Comprehensive Income. ASU 2013-02 supersedes and replaces the presentation requirements for reclassifications out of accumulated other comprehensive income (“AOCI”) in ASUs 2011-05 and 2011-12, which were adopted by the Company during the current year. The amendments require an entity to provide information about the amounts reclassified out of AOCI by component. In addition, an entity is required to present, either on the face of the statement where net income is presented or in the notes, significant amounts reclassified out of AOCI by the respective line items of net income if the amount reclassified is required to be reclassified in its entirety in the same reporting period. For other amounts that are not required to be reclassified in their entirety to net income, an entity is required to cross-reference to other disclosures required. Adoption did not have a significant impact on the Company’s consolidated financial statements. | |
In July 2013, FASB issued ASU 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. ASU 2013-11 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. Management is in the process of evaluating the impact of ASU 2013-11 on the Company’s consolidated financial statements. | |
Reclassifications: Certain amounts in the prior year consolidated financial statements have been reclassified, with no effect on net income or stockholders’ equity, to conform with the current period presentation. |
Note_2_Acquisition_of_Communit
Note 2 - Acquisition of Community National Bancorporation and Community National Bank (Community National Bancorporation and Community National Bank [Member]) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Community National Bancorporation and Community National Bank [Member] | ' | ||||||||||||||||
Note 2 - Acquisition of Community National Bancorporation and Community National Bank [Line Items] | ' | ||||||||||||||||
Mergers, Acquisitions and Dispositions Disclosures [Text Block] | ' | ||||||||||||||||
NOTE 2 – ACQUISITION OF COMMUNITY NATIONAL BANCORPORATION AND COMMUNITY NATIONAL BANK | |||||||||||||||||
On May 13, 2013, the Company acquired 100% of Community National’s outstanding common stock for aggregate consideration totaling $19,441,834, which consisted of 834,715 shares of QCR Holdings common stock valued at $13,180,150 and cash of $6,261,684. Community National was the bank holding company providing bank and bank related services through its wholly-owned bank subsidiary, CNB. CNB is a commercial bank headquartered in Waterloo, Iowa and serves Waterloo and Cedar Falls, Iowa. As a de novo bank, CNB commenced its operations in 1997. Previously, CNB also served Mason City, Iowa and Austin, Minnesota. On October 4, 2013, the Company sold certain assets and liabilities of the two Mason City branches of CNB. And, on October 11, 2013, the Company sold certain assets and liabilities of the two Austin branches of CNB. See Note 9 for additional discussion of these sales. The Company operated CNB as a separate banking charter since the acquisition until October 26, 2013, when CNB’s charter was merged with and into CRBT. CNB’s merged branch offices will operate as a division of CRBT under the name “Community Bank & Trust.” | |||||||||||||||||
The Company accounted for the business combination under the acquisition method of accounting in accordance with Accounting Standards Codification (“ASC”) 805, “Business Combinations” (“ASC 805”). The Company recognized the full fair value of the assets acquired and liabilities assumed at the acquisition date, net of applicable income tax effects. The excess of fair value of net assets over the carrying value is recorded as bargain purchase gain which is included in noninterest income on the statement of income. The market value adjustments are accreted or amortized on a level yield basis over the expected term. Additionally, the Company recorded a core deposit intangible totaling $3,440,076 which is the portion of the acquisition purchase price which represents the value assigned to the existing deposit base. The core deposit intangible has a finite life and is amortized by the straight-line method over the estimated useful life of the deposits (10 years). | |||||||||||||||||
The Company’s acquired loans were recorded at fair value at the acquisition date and no separate valuation allowance was established. The initial fair value was determined with the assistance of a valuation specialist that discounted expected cash flows at appropriate rates. The discount rates were based on market rates for new originations of comparable loans and did not include a factor for credit losses as that was included in the estimated cash flows. ASC Topic 310-30, “Loans and Debt Securities Acquired with Deteriorated Credit Quality”, applies to loans acquired in a transfer with evidence of deterioration of credit quality for which it is probable, at acquisition, that the investor will be unable to collect all contractually required payments receivable. If both conditions exist, the Company determines whether to account for each loan individually or whether such loans will be assembled into pools based on common risk characteristics such as credit score, loan type, and origination date. Based on this evaluation, the Company determined that the loans acquired from the Community National acquisition subject to ASC Topic 310-30 would be accounted for individually. At the acquisition date, the historical cost and fair value of these loans totaled $3,033,022 and $2,207,891, respectively. | |||||||||||||||||
The Company considered expected prepayments and estimated the total expected cash flows, which includes undiscounted expected principal and interest. The excess of that amount over the fair value of the loan is referred to as accretable yield. Accretable yield is recognized as interest income on a constant yield basis over the expected life of the loan. The excess of the contractual cash flows over expected cash flows is referred to as nonaccretable difference and is not accreted into income. Over the life of the loan, the Company continues to estimate expected cash flows. Subsequent decreases in expected cash flows are recognized as impairments in the current period through the allowance for loan losses. Subsequent increases in cash flows to be collected are first used to reverse any existing valuation allowance and any remaining increase is recognized prospectively through an adjustment of the loan’s yield over its remaining life. At the acquisition date, accretable yield totaled $4,128,315 and nonaccretable yield totaled $397,894. | |||||||||||||||||
The Company assumed junior subordinated debentures with principal outstanding of $6,702,000 and fair value of $4,125,175 after a discount of $2,576,825. The initial fair value was determined with the assistance of a valuation specialist that discounted expected cash flows at appropriate rates. The discount is accreted as interest expense on a level yield basis over the expected remaining term of the junior subordinated debentures. | |||||||||||||||||
Results of the operations of the acquired business are included in the income statement from the effective date of the acquisition. | |||||||||||||||||
The fair values of the assets acquired and liabilities assumed, including the consideration paid and resulting bargain purchase gain, is as follows: | |||||||||||||||||
As of | |||||||||||||||||
13-May-13 | |||||||||||||||||
ASSETS | |||||||||||||||||
Cash and due from banks | $ | 9,286,757 | |||||||||||||||
Federal funds sold | 12,335,000 | ||||||||||||||||
Interest-bearing deposits at financial institutions | 2,024,539 | ||||||||||||||||
Securities available for sale | 45,853,826 | ||||||||||||||||
Loans/leases receivable, net | 195,658,486 | ||||||||||||||||
Premises and equipment | 8,132,021 | ||||||||||||||||
Core deposit intangible | 3,440,076 | ||||||||||||||||
Bank-owned life insurance | 4,595,529 | ||||||||||||||||
Restricted investment securities | 1,259,375 | ||||||||||||||||
Other real estate owned | 550,326 | ||||||||||||||||
Other assets | 5,178,583 | ||||||||||||||||
Total assets acquired | $ | 288,314,518 | |||||||||||||||
LIABILITIES | |||||||||||||||||
Deposits | $ | 255,045,071 | |||||||||||||||
Other borrowings | 3,950,000 | ||||||||||||||||
Junior subordinated debentures | 4,125,175 | ||||||||||||||||
Other liabilities | 3,911,053 | ||||||||||||||||
Total liabilties assumed | $ | 267,031,299 | |||||||||||||||
Net assets acquired | $ | 21,283,219 | |||||||||||||||
CONSIDERATION PAID: | |||||||||||||||||
Cash | $ | 6,261,684 | |||||||||||||||
Issuance of 834,715 shares of common stock | 13,180,150 | ||||||||||||||||
Total consideration paid | $ | 19,441,834 | |||||||||||||||
Bargain purchase gain | $ | 1,841,385 | |||||||||||||||
In order to fund the cash portion of the consideration and pay off the $3,950,000 of Community National borrowings at acquisition, the Company borrowed $4,400,000 on its 364-day revolving credit note. The outstanding balance on the 364-day revolving credit note totaled $10,000,000 until maturity at June 26, 2013. Upon maturity, the credit facility was restructured whereby the $10,000,000 of outstanding debt was restructured into a secured 3-year term note with principal due quarterly and interest due monthly where the interest is calculated at the effective LIBOR rate plus 3.00% per annum (3.18% at September 30, 2013). Additionally, as part of the restructuring, the Company maintained a secured 364-day revolving credit note with availability of $10,000,000 where the interest is calculated at the effective LIBOR rate plus 2.50% per annum. At September 30, 2013, the Company had not borrowed on this revolving credit note and had the full amount available. | |||||||||||||||||
The current note agreement contains certain covenants that place restrictions on additional debt and stipulate minimum capital and various asset quality and operating ratios. | |||||||||||||||||
The Company recorded a bargain purchase gain on the acquisition totaling $1,841,385 as the market value of the net assets acquired from Community National exceeded the total consideration paid. The consideration paid approximated a slight premium to the book value of Community National’s net assets at acquisition. The net impact of the market value adjustments resulted in a net increase to Community National’s net assets. The more significant market value adjustments were the core deposit intangible ($3,440,076) and the discount on the trust preferred securities ($2,576,825), as previously discussed. | |||||||||||||||||
Unaudited pro forma combined operating results for the three and nine months ended September 30, 2013 and 2012, giving effect to the Community National acquisition as if it had occurred as of January 1, 2012, are as follows: | |||||||||||||||||
Three months ended | Nine months ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Interest income | $ | 21,394,747 | $ | 22,106,037 | $ | 63,759,583 | $ | 66,069,066 | |||||||||
Noninterest income | $ | 5,934,653 | $ | 4,816,132 | $ | 17,274,447 | $ | 14,288,314 | |||||||||
Net income | $ | 3,348,327 | $ | 3,538,764 | $ | 8,825,027 | $ | 10,692,534 | |||||||||
Net income attributable to QCR Holdings, Inc. common stockholders | $ | 2,537,490 | $ | 2,600,750 | $ | 6,392,515 | $ | 7,512,855 | |||||||||
Earnings per common share attributable to QCR Holdings, Inc. common stockholders | |||||||||||||||||
Basic | $ | 0.44 | $ | 0.45 | $ | 1.1 | $ | 1.29 | |||||||||
Diluted | $ | 0.43 | $ | 0.44 | $ | 1.08 | $ | 1.27 | |||||||||
The pro forma results exclude the impact of the bargain purchase gain of $1,841,385. Additionally, the pro forma results do not purport to be indicative of the results of operations that actually would have resulted had the acquisition occurred on January 1, 2012 or of future results of operations of the consolidated entities. |
Note_3_Investment_Securities
Note 3 - Investment Securities | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Investment Holdings [Abstract] | ' | ||||||||||||||||||||||||
Investment Holdings [Text Block] | ' | ||||||||||||||||||||||||
NOTE 3 – INVESTMENT SECURITIES | |||||||||||||||||||||||||
The amortized cost and fair value of investment securities as of September 30, 2013 and December 31, 2012 are summarized as follows: | |||||||||||||||||||||||||
Amortized | Gross | Gross | Fair | ||||||||||||||||||||||
Cost | Unrealized | Unrealized | Value | ||||||||||||||||||||||
Gains | (Losses) | ||||||||||||||||||||||||
September 30, 2013: | |||||||||||||||||||||||||
Securities held to maturity: | |||||||||||||||||||||||||
Municipal securities | $ | 130,311,845 | $ | 456,156 | $ | (6,520,899 | ) | $ | 124,247,102 | ||||||||||||||||
Other securities | 1,050,000 | - | (4,740 | ) | 1,045,260 | ||||||||||||||||||||
$ | 131,361,845 | $ | 456,156 | $ | (6,525,639 | ) | $ | 125,292,362 | |||||||||||||||||
Securities available for sale: | |||||||||||||||||||||||||
U.S. govt. sponsored agency securities | $ | 383,193,241 | $ | 75,797 | $ | (15,744,151 | ) | $ | 367,524,887 | ||||||||||||||||
Residential mortgage-backed and related securities | 167,759,290 | 1,318,307 | (2,533,127 | ) | 166,544,470 | ||||||||||||||||||||
Municipal securities | 36,242,570 | 978,391 | (761,791 | ) | 36,459,170 | ||||||||||||||||||||
Other securities | 1,358,524 | 450,278 | - | 1,808,802 | |||||||||||||||||||||
$ | 588,553,625 | $ | 2,822,773 | $ | (19,039,069 | ) | $ | 572,337,329 | |||||||||||||||||
December 31, 2012: | |||||||||||||||||||||||||
Securities held to maturity: | |||||||||||||||||||||||||
Municipal securities | $ | 71,429,385 | $ | 997,969 | $ | (71,648 | ) | $ | 72,355,706 | ||||||||||||||||
Other securities | 650,000 | - | - | 650,000 | |||||||||||||||||||||
$ | 72,079,385 | $ | 997,969 | $ | (71,648 | ) | $ | 73,005,706 | |||||||||||||||||
Securities available for sale: | |||||||||||||||||||||||||
U.S. govt. sponsored agency securities | $ | 336,570,995 | $ | 2,198,655 | $ | (160,279 | ) | $ | 338,609,371 | ||||||||||||||||
Residential mortgage-backed and related securities | 160,035,196 | 3,736,821 | (170,914 | ) | 163,601,103 | ||||||||||||||||||||
Municipal securities | 24,508,015 | 1,696,555 | (18,834 | ) | 26,185,736 | ||||||||||||||||||||
Trust preferred securities | 86,200 | 53,200 | - | 139,400 | |||||||||||||||||||||
Other securities | 1,347,113 | 300,732 | (23,469 | ) | 1,624,376 | ||||||||||||||||||||
$ | 522,547,519 | $ | 7,985,963 | $ | (373,496 | ) | $ | 530,159,986 | |||||||||||||||||
The Company’s held to maturity municipal securities consist largely of private issues of municipal debt. The municipalities are located within the Midwest with a portion in or adjacent to the communities of QCBT and CRBT. The municipal debt investments are underwritten using specific guidelines with ongoing monitoring. | |||||||||||||||||||||||||
The Company’s residential mortgage-backed and related securities portfolio consists entirely of government sponsored or government guaranteed securities. The Company has not invested in commercial mortgage-backed securities or pooled trust preferred securities. | |||||||||||||||||||||||||
Gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position as of September 30, 2013 and December 31, 2012, are summarized as follows: | |||||||||||||||||||||||||
Less than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||
Fair | Gross | Fair | Gross | Fair | Gross | ||||||||||||||||||||
Value | Unrealized | Value | Unrealized | Value | Unrealized | ||||||||||||||||||||
Losses | Losses | Losses | |||||||||||||||||||||||
September 30, 2013: | |||||||||||||||||||||||||
Securities held to maturity: | |||||||||||||||||||||||||
Municipal securities | $ | 92,786,083 | $ | (6,520,899 | ) | $ | - | $ | - | $ | 92,786,083 | $ | (6,520,899 | ) | |||||||||||
Other securities | 495,260 | (4,740 | ) | - | - | 495,260 | (4,740 | ) | |||||||||||||||||
$ | 93,281,343 | $ | (6,525,639 | ) | $ | - | $ | - | $ | 93,281,343 | $ | (6,525,639 | ) | ||||||||||||
Securities available for sale: | |||||||||||||||||||||||||
U.S. govt. sponsored agency securities | $ | 351,006,164 | $ | (15,744,151 | ) | $ | - | $ | - | $ | 351,006,164 | $ | (15,744,151 | ) | |||||||||||
Residential mortgage-backed and related securities | 106,889,560 | (2,517,649 | ) | 1,279,117 | (15,478 | ) | 108,168,677 | (2,533,127 | ) | ||||||||||||||||
Municipal securities | 16,263,130 | (761,791 | ) | - | - | 16,263,130 | (761,791 | ) | |||||||||||||||||
$ | 474,158,854 | $ | (19,023,591 | ) | $ | 1,279,117 | $ | (15,478 | ) | $ | 475,437,971 | $ | (19,039,069 | ) | |||||||||||
December 31, 2012: | |||||||||||||||||||||||||
Securities held to maturity: | |||||||||||||||||||||||||
Municipal securities | $ | 4,282,352 | $ | (71,648 | ) | $ | - | $ | - | $ | 4,282,352 | $ | (71,648 | ) | |||||||||||
Securities available for sale: | |||||||||||||||||||||||||
U.S. govt. sponsored agency securities | $ | 55,621,718 | $ | (160,279 | ) | $ | - | $ | - | $ | 55,621,718 | $ | (160,279 | ) | |||||||||||
Residential mortgage-backed and related securities | 29,324,928 | (170,914 | ) | - | - | 29,324,928 | (170,914 | ) | |||||||||||||||||
Municipal securities | 1,039,625 | (18,834 | ) | - | - | 1,039,625 | (18,834 | ) | |||||||||||||||||
Other securities | - | - | 217,500 | (23,469 | ) | 217,500 | (23,469 | ) | |||||||||||||||||
$ | 85,986,271 | $ | (350,027 | ) | $ | 217,500 | $ | (23,469 | ) | $ | 86,203,771 | $ | (373,496 | ) | |||||||||||
At September 30, 2013, the investment portfolio included 545 securities. Of this number, 341 securities had current unrealized losses with aggregate depreciation of less than 5% from the total amortized cost basis. Of these 341, only one had an unrealized loss for twelve months or more and the amount of the unrealized loss was only $15,478. All of the debt securities in unrealized loss positions are considered acceptable credit risks. Based upon an evaluation of the available evidence, including the recent changes in market rates, credit rating information and information obtained from regulatory filings, management believes the declines in fair value for these debt securities are temporary. In addition, the Company does not intend to sell these securities and it is not more-likely-than-not that the Company will be required to sell these debt securities before their anticipated recovery. At September 30, 2013 and December 31, 2012, equity securities represented less than 1% of the total portfolio. | |||||||||||||||||||||||||
The Company did not recognize other-than-temporary impairment on any debt securities for the three and nine months ended September 30, 2013 and 2012. | |||||||||||||||||||||||||
The Company did not recognize other-than-temporary impairment on any equity securities for the three and nine months ended September 30, 2013. During the second quarter of 2012, the Company’s evaluation determined that one privately held equity security experienced a decline in fair value that was other-than-temporary. As a result, the Company wrote down the value of this security and recognized a loss in the amount of $62,400. The Company did not recognize other-than-temporary impairment on any equity securities during the first quarter or the third quarter of 2012. | |||||||||||||||||||||||||
All sales of securities for the three and nine months ended September 30, 2013 and 2012, respectively, were from securities identified as available-for-sale. Information on proceeds received, as well as pre-tax gross gains from sales on those securities is as follows: | |||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||
September 30, | September 30, | September 30, | September 30, | ||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||
Proceeds from sales of securities | $ | 31,225,516 | $ | - | $ | 37,393,047 | $ | 19,215,075 | |||||||||||||||||
Pre-tax gross gains from sales of securities | 506,611 | - | 523,071 | 104,600 | |||||||||||||||||||||
Pre-tax gross losses from sales of securities | (89,675 | ) | - | (89,675 | ) | - | |||||||||||||||||||
The amortized cost and fair value of securities as of September 30, 2013 by contractual maturity are shown below. Expected maturities of residential mortgage-backed and related securities may differ from contractual maturities because the residential mortgages underlying the residential mortgage-backed and related securities may be called or prepaid without any penalties. Therefore, these securities are not included in the maturity categories in the following table. “Other securities” available for sale are excluded from the maturity categories as there is no fixed maturity date for those securities. | |||||||||||||||||||||||||
Amortized Cost | Fair Value | ||||||||||||||||||||||||
Securities held to maturity: | |||||||||||||||||||||||||
Due in one year or less | $ | 2,066,615 | $ | 2,066,245 | |||||||||||||||||||||
Due after one year through five years | 9,982,269 | 9,827,587 | |||||||||||||||||||||||
Due after one year through five years | 119,312,961 | 113,398,530 | |||||||||||||||||||||||
$ | 131,361,845 | $ | 125,292,362 | ||||||||||||||||||||||
Securities available for sale: | |||||||||||||||||||||||||
Due in one year or less | $ | 5,220,265 | $ | 5,231,685 | |||||||||||||||||||||
Due after one year through five years | 42,271,445 | 42,124,141 | |||||||||||||||||||||||
Due after five years | 371,944,101 | 356,628,231 | |||||||||||||||||||||||
$ | 419,435,811 | $ | 403,984,057 | ||||||||||||||||||||||
Residential mortgage-backed and related securities | 167,759,290 | 166,544,470 | |||||||||||||||||||||||
Other securities | 1,358,524 | 1,808,802 | |||||||||||||||||||||||
$ | 588,553,625 | $ | 572,337,329 | ||||||||||||||||||||||
Portions of the U.S. government sponsored agency securities and municipal securities contain call options, at the discretion of the issuer, to terminate the security at par and at predetermined dates prior to the stated maturity, summarized as follows: | |||||||||||||||||||||||||
Amortized Cost | Fair Value | ||||||||||||||||||||||||
Securities held to maturity: | |||||||||||||||||||||||||
Municipal securities | $ | 94,833,231 | $ | 89,637,985 | |||||||||||||||||||||
Securities available for sale: | |||||||||||||||||||||||||
U.S. govt. sponsored agency securities | 349,624,386 | 334,694,737 | |||||||||||||||||||||||
Municipal securities | 23,163,866 | 22,996,424 | |||||||||||||||||||||||
$ | 372,788,252 | $ | 357,691,161 | ||||||||||||||||||||||
Note_4_LoansLeases_Receivable
Note 4 - Loans/Leases Receivable | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||||||||||||||||||
Financing Receivables [Text Block] | ' | ||||||||||||||||||||||||||||||||
NOTE 4 – LOANS/LEASES RECEIVABLE | |||||||||||||||||||||||||||||||||
The composition of the loan/lease portfolio as of September 30, 2013 and December 31, 2012 is presented as follows: | |||||||||||||||||||||||||||||||||
As of September 30, | As of December 31, | ||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||
Commercial and industrial loans | $ | 471,256,974 | $ | 394,244,252 | |||||||||||||||||||||||||||||
Commercial real estate loans | |||||||||||||||||||||||||||||||||
Owner-occupied commercial real estate | 259,500,453 | 204,911,308 | |||||||||||||||||||||||||||||||
Commercial construction, land development, and other land | 49,585,072 | 44,962,381 | |||||||||||||||||||||||||||||||
Other non owner-occupied commercial real estate | 405,615,528 | 344,105,550 | |||||||||||||||||||||||||||||||
714,701,053 | 593,979,239 | ||||||||||||||||||||||||||||||||
Direct financing leases * | 121,267,997 | 103,685,656 | |||||||||||||||||||||||||||||||
Residential real estate loans ** | 150,825,156 | 115,581,573 | |||||||||||||||||||||||||||||||
Installment and other consumer loans | 77,226,363 | 76,720,514 | |||||||||||||||||||||||||||||||
1,535,277,543 | 1,284,211,234 | ||||||||||||||||||||||||||||||||
Plus deferred loan/lease origination costs, net of fees | 4,106,282 | 3,176,405 | |||||||||||||||||||||||||||||||
1,539,383,825 | 1,287,387,639 | ||||||||||||||||||||||||||||||||
Less allowance for estimated losses on loans/leases | (22,062,389 | ) | (19,925,204 | ) | |||||||||||||||||||||||||||||
$ | 1,517,321,436 | $ | 1,267,462,435 | ||||||||||||||||||||||||||||||
* Direct financing leases: | |||||||||||||||||||||||||||||||||
Net minimum lease payments to be received | $ | 136,848,442 | $ | 117,719,380 | |||||||||||||||||||||||||||||
Estimated unguaranteed residual values of leased assets | 1,775,830 | 1,095,848 | |||||||||||||||||||||||||||||||
Unearned lease/residual income | (17,356,275 | ) | (15,129,572 | ) | |||||||||||||||||||||||||||||
121,267,997 | 103,685,656 | ||||||||||||||||||||||||||||||||
Plus deferred lease origination costs, net of fees | 4,514,946 | 3,907,140 | |||||||||||||||||||||||||||||||
125,782,943 | 107,592,796 | ||||||||||||||||||||||||||||||||
Less allowance for estimated losses on leases | (2,323,509 | ) | (1,990,395 | ) | |||||||||||||||||||||||||||||
$ | 123,459,434 | $ | 105,602,401 | ||||||||||||||||||||||||||||||
Management performs an evaluation of the estimated unguaranteed residual values of leased assets on an annual basis, at a minimum. The evaluation consists of discussions with reputable and current vendors and management’s expertise and understanding of the current states of particular industries to determine informal valuations of the equipment. As necessary and where available, management will utilize valuations by independent appraisers. The large majority of leases with residual values contain a lease options rider which requires the lessee to pay the residual value directly, finance the payment of the residual value, or extend the lease term to pay the residual value. In these cases, the residual value is protected and the risk of loss is minimal. There were no losses related to residual values for the three and nine months ended September 30, 2013 and 2012. | |||||||||||||||||||||||||||||||||
**Includes residential real estate loans held for sale totaling $1,445,900 and $4,577,233 as of September 30, 2013, and December 31, 2012, respectively. | |||||||||||||||||||||||||||||||||
The aging of the loan/lease portfolio by classes of loans/leases as of September 30, 2013 and December 31, 2012 is presented as follows: | |||||||||||||||||||||||||||||||||
As of September 30, 2013 | |||||||||||||||||||||||||||||||||
Classes of Loans/Leases | Current | 30-59 Days Past Due | 60-89 Days Past Due | Accruing Past | Nonaccrual Loans/Leases | Total | |||||||||||||||||||||||||||
Due 90 Days or More | |||||||||||||||||||||||||||||||||
Commercial and Industrial | $ | 466,597,618 | $ | 1,493,016 | $ | 208,603 | $ | - | $ | 2,957,737 | $ | 471,256,974 | |||||||||||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 257,258,899 | 41,296 | 58,933 | - | 2,141,325 | 259,500,453 | |||||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 46,919,007 | 1,506,409 | 509,601 | 59,975 | 590,080 | 49,585,072 | |||||||||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 391,773,134 | 515,680 | 346,985 | - | 12,979,729 | 405,615,528 | |||||||||||||||||||||||||||
Direct Financing Leases | 118,820,384 | 1,429,405 | 319,620 | - | 698,588 | 121,267,997 | |||||||||||||||||||||||||||
Residential Real Estate | 148,740,223 | 346,108 | 52,029 | - | 1,686,796 | 150,825,156 | |||||||||||||||||||||||||||
Installment and Other Consumer | 76,029,956 | 100,410 | 22,876 | 939 | 1,072,182 | 77,226,363 | |||||||||||||||||||||||||||
$ | 1,506,139,221 | $ | 5,432,324 | $ | 1,518,647 | $ | 60,914 | $ | 22,126,437 | $ | 1,535,277,543 | ||||||||||||||||||||||
As a percentage of total loan/lease portfolio | 98.1 | % | 0.35 | % | 0.1 | % | 0 | % | 1.44 | % | 100 | % | |||||||||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||||||||||
Classes of Loans/Leases | Current | 30-59 Days Past Due | 60-89 Days Past Due | Accruing Past | Nonaccrual Loans/Leases | Total | |||||||||||||||||||||||||||
Due 90 Days or More | |||||||||||||||||||||||||||||||||
Commercial and Industrial | $ | 388,825,307 | $ | 3,724,506 | $ | 9,940 | $ | 120,000 | $ | 1,564,499 | $ | 394,244,252 | |||||||||||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 204,141,070 | 142,993 | - | - | 627,245 | 204,911,308 | |||||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 42,180,819 | - | - | - | 2,781,562 | 44,962,381 | |||||||||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 332,644,532 | 86,986 | 1,111,856 | - | 10,262,176 | 344,105,550 | |||||||||||||||||||||||||||
Direct Financing Leases | 101,635,084 | 877,210 | 174,560 | - | 998,802 | 103,685,656 | |||||||||||||||||||||||||||
Residential Real Estate | 111,993,859 | 2,254,730 | 283,466 | - | 1,049,518 | 115,581,573 | |||||||||||||||||||||||||||
Installment and Other Consumer | 75,711,203 | 301,025 | 20,112 | 39,481 | 648,693 | 76,720,514 | |||||||||||||||||||||||||||
$ | 1,257,131,874 | $ | 7,387,450 | $ | 1,599,934 | $ | 159,481 | $ | 17,932,495 | $ | 1,284,211,234 | ||||||||||||||||||||||
As a percentage of total loan/lease portfolio | 97.89 | % | 0.58 | % | 0.12 | % | 0.01 | % | 1.4 | % | 100 | % | |||||||||||||||||||||
Nonperforming loans/leases by classes of loans/leases as of September 30, 2013 and December 31, 2012 are presented as follows: | |||||||||||||||||||||||||||||||||
As of September 30, 2013 | |||||||||||||||||||||||||||||||||
Classes of Loans/Leases | Accruing Past Due 90 Days or More | Nonaccrual Loans/Leases * | Troubled Debt Restructurings - Accruing | Total Nonperforming Loans/Leases | Percentage of Total Nonperforming Loans/Leases | ||||||||||||||||||||||||||||
Commercial and Industrial | $ | - | $ | 2,957,737 | $ | 886,165 | $ | 3,843,902 | 15.42 | % | |||||||||||||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | - | 2,141,325 | - | 2,141,325 | 8.59 | % | |||||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 59,975 | 590,080 | 300,000 | 950,055 | 3.81 | % | |||||||||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | - | 12,979,729 | 809,162 | 13,788,891 | 55.32 | % | |||||||||||||||||||||||||||
Direct Financing Leases | - | 698,588 | - | 698,588 | 2.8 | % | |||||||||||||||||||||||||||
Residential Real Estate | - | 1,686,796 | 373,922 | 2,060,718 | 8.27 | % | |||||||||||||||||||||||||||
Installment and Other Consumer | 939 | 1,072,182 | 370,000 | 1,443,121 | 5.79 | % | |||||||||||||||||||||||||||
$ | 60,914 | $ | 22,126,437 | $ | 2,739,249 | $ | 24,926,600 | 100 | % | ||||||||||||||||||||||||
*Nonaccrual loans/leases includes $13,712,367 of troubled debt restructurings, including $130,655 in commercial and industrial loans, $12,935,422 in commercial real estate loans, $374,102 in residential real estate loans, and $272,188 in installment loans. | |||||||||||||||||||||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||||||||||
Classes of Loans/Leases | Accruing Past Due 90 Days or More | Nonaccrual Loans/Leases ** | Troubled Debt Restructurings - Accruing | Total Nonperforming Loans/Leases | Percentage of Total Nonperforming Loans/Leases | ||||||||||||||||||||||||||||
Commercial and Industrial | $ | 120,000 | $ | 1,564,499 | $ | 184,084 | $ | 1,868,583 | 7.36 | % | |||||||||||||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | - | 627,245 | - | 627,245 | 2.47 | % | |||||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | - | 2,781,562 | 1,016,023 | 3,797,585 | 14.96 | % | |||||||||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | - | 10,262,176 | 5,820,765 | 16,082,941 | 63.34 | % | |||||||||||||||||||||||||||
Direct Financing Leases | - | 998,802 | - | 998,802 | 3.93 | % | |||||||||||||||||||||||||||
Residential Real Estate | - | 1,049,518 | 167,739 | 1,217,257 | 4.79 | % | |||||||||||||||||||||||||||
Installment and Other Consumer | 39,481 | 648,693 | 110,982 | 799,156 | 3.15 | % | |||||||||||||||||||||||||||
$ | 159,481 | $ | 17,932,495 | $ | 7,299,593 | $ | 25,391,569 | 100 | % | ||||||||||||||||||||||||
**Nonaccrual loans/leases includes $5,658,781 of troubled debt restructurings, including $99,804 in commercial and industrial loans, $5,173,589 in commercial real estate loans, $64,722 in residential real estate loans, and $320,666 in installment loans. | |||||||||||||||||||||||||||||||||
Changes in the allowance for estimated losses on loans/leases by portfolio segment for the three and nine months ended September 30, 2013 and 2012, respectively, are presented as follows: | |||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2013 | |||||||||||||||||||||||||||||||||
Commercial and Industrial | Commercial Real Estate | Direct Financing Leases | Residential Real Estate | Installment and Other Consumer | Total | ||||||||||||||||||||||||||||
Balance, beginning | $ | 4,790,828 | $ | 12,190,497 | $ | 2,187,605 | $ | 1,165,341 | $ | 822,108 | $ | 21,156,379 | |||||||||||||||||||||
Provisions charged to expense | 765,582 | 88,761 | 338,984 | 102,523 | 71,134 | 1,366,984 | |||||||||||||||||||||||||||
Loans/leases charged off | (214,920 | ) | (443,721 | ) | (203,724 | ) | (13,599 | ) | (51,673 | ) | (927,637 | ) | |||||||||||||||||||||
Recoveries on loans/leases previously charged off | 26,034 | 375,325 | 644 | 13,240 | 51,420 | 466,663 | |||||||||||||||||||||||||||
Balance, ending | $ | 5,367,524 | $ | 12,210,862 | $ | 2,323,509 | $ | 1,267,505 | $ | 892,989 | $ | 22,062,389 | |||||||||||||||||||||
Three Months Ended September 30, 2012 | |||||||||||||||||||||||||||||||||
Commercial and Industrial | Commercial Real Estate | Direct Financing Leases | Residential Real Estate | Installment and Other Consumer | Total | ||||||||||||||||||||||||||||
Balance, beginning | $ | 4,180,792 | $ | 10,709,991 | $ | 1,610,999 | $ | 986,714 | $ | 1,236,039 | $ | 18,724,535 | |||||||||||||||||||||
Provisions charged to expense | 136,766 | 721,358 | 350,194 | 233,226 | 54,650 | 1,496,194 | |||||||||||||||||||||||||||
Loans/leases charged off | (214,036 | ) | (552,959 | ) | (111,326 | ) | (183,031 | ) | (88,378 | ) | (1,149,730 | ) | |||||||||||||||||||||
Recoveries on loans/leases previously charged off | 69,959 | 175,467 | 35,118 | - | 65,205 | 345,749 | |||||||||||||||||||||||||||
Balance, ending | $ | 4,173,481 | $ | 11,053,857 | $ | 1,884,985 | $ | 1,036,909 | $ | 1,267,516 | $ | 19,416,748 | |||||||||||||||||||||
Nine Months Ended September 30, 2013 | |||||||||||||||||||||||||||||||||
Commercial and Industrial | Commercial Real Estate | Direct Financing Leases | Residential Real Estate | Installment and Other Consumer | Total | ||||||||||||||||||||||||||||
Balance, beginning | $ | 4,531,545 | $ | 11,069,502 | $ | 1,990,395 | $ | 1,070,328 | $ | 1,263,434 | $ | 19,925,204 | |||||||||||||||||||||
Provisions charged to expense | 1,026,073 | 1,875,132 | 1,057,744 | 307,196 | (321,242 | ) | 3,944,903 | ||||||||||||||||||||||||||
Loans/leases charged off | (253,820 | ) | (1,264,446 | ) | (726,395 | ) | (126,490 | ) | (192,160 | ) | (2,563,311 | ) | |||||||||||||||||||||
Recoveries on loans/leases previously charged off | 63,726 | 530,674 | 1,765 | 16,471 | 142,957 | 755,593 | |||||||||||||||||||||||||||
Balance, ending | $ | 5,367,524 | $ | 12,210,862 | $ | 2,323,509 | $ | 1,267,505 | $ | 892,989 | $ | 22,062,389 | |||||||||||||||||||||
Nine Months Ended September 30, 2012 | |||||||||||||||||||||||||||||||||
Commercial and Industrial | Commercial Real Estate | Direct Financing Leases | Residential Real Estate | Installment and Other Consumer | Total | ||||||||||||||||||||||||||||
Balance, beginning | $ | 4,878,006 | $ | 10,596,958 | $ | 1,339,496 | $ | 704,946 | $ | 1,269,856 | $ | 18,789,262 | |||||||||||||||||||||
Provisions charged to expense | (637,852 | ) | 2,254,732 | 924,109 | 519,751 | 264,369 | 3,325,109 | ||||||||||||||||||||||||||
Loans/leases charged off | (669,778 | ) | (1,980,946 | ) | (454,590 | ) | (187,788 | ) | (416,179 | ) | (3,709,281 | ) | |||||||||||||||||||||
Recoveries on loans/leases previously charged off | 603,105 | 183,113 | 75,970 | - | 149,470 | 1,011,658 | |||||||||||||||||||||||||||
Balance, ending | $ | 4,173,481 | $ | 11,053,857 | $ | 1,884,985 | $ | 1,036,909 | $ | 1,267,516 | $ | 19,416,748 | |||||||||||||||||||||
The allowance for estimated losses on loans/leases by impairment evaluation and by portfolio segment as of September 30, 2013 and December 31, 2012 is presented as follows: | |||||||||||||||||||||||||||||||||
As of September 30, 2013 | |||||||||||||||||||||||||||||||||
Commercial and Industrial | Commercial Real Estate | Direct Financing Leases | Residential Real Estate | Installment and Other Consumer | Total | ||||||||||||||||||||||||||||
Allowance for loans/leases individually evaluated for impairment | $ | 1,112,008 | $ | 4,987,850 | $ | 134,533 | $ | 206,700 | $ | 52,567 | $ | 6,493,658 | |||||||||||||||||||||
Allowance for loans/leases collectively evaluated for impairment | 4,255,516 | 7,223,012 | 2,188,976 | 1,060,805 | 840,422 | 15,568,731 | |||||||||||||||||||||||||||
$ | 5,367,524 | $ | 12,210,862 | $ | 2,323,509 | $ | 1,267,505 | $ | 892,989 | $ | 22,062,389 | ||||||||||||||||||||||
Loans/leases individually evaluated for impairment | $ | 2,574,217 | $ | 16,517,483 | $ | 698,588 | $ | 2,060,718 | $ | 1,442,182 | $ | 23,293,188 | |||||||||||||||||||||
Loans/leases collectively evaluated for impairment | 468,682,757 | 698,183,570 | 120,569,409 | 148,764,438 | 75,784,181 | 1,511,984,355 | |||||||||||||||||||||||||||
$ | 471,256,974 | $ | 714,701,053 | $ | 121,267,997 | $ | 150,825,156 | $ | 77,226,363 | $ | 1,535,277,543 | ||||||||||||||||||||||
Allowance as a percentage of loans/leases individually evaluated for impairment | 43.2 | % | 30.2 | % | 19.26 | % | 10.03 | % | 3.64 | % | 27.88 | % | |||||||||||||||||||||
Allowance as a percentage of loans/leases collectively evaluated for impairment | 0.91 | % | 1.03 | % | 1.82 | % | 0.71 | % | 1.11 | % | 1.03 | % | |||||||||||||||||||||
1.14 | % | 1.71 | % | 1.92 | % | 0.84 | % | 1.16 | % | 1.43 | % | ||||||||||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||||||||||
Commercial and Industrial | Commercial Real Estate | Direct Financing Leases | Residential Real Estate | Installment and Other Consumer | Total | ||||||||||||||||||||||||||||
Allowance for loans/leases individually evaluated for impairment | $ | 280,170 | $ | 4,005,042 | $ | 125,000 | $ | 105,565 | $ | 71,992 | $ | 4,587,769 | |||||||||||||||||||||
Allowance for loans/leases collectively evaluated for impairment | 4,251,375 | 7,064,460 | 1,865,395 | 964,763 | 1,191,442 | 15,337,435 | |||||||||||||||||||||||||||
$ | 4,531,545 | $ | 11,069,502 | $ | 1,990,395 | $ | 1,070,328 | $ | 1,263,434 | $ | 19,925,204 | ||||||||||||||||||||||
Loans/leases individually evaluated for impairment | $ | 1,006,952 | $ | 20,383,846 | $ | 998,802 | $ | 1,217,256 | $ | 687,355 | $ | 24,294,211 | |||||||||||||||||||||
Loans/leases collectively evaluated for impairment | 393,237,300 | 573,595,393 | 102,686,854 | 114,364,317 | 76,033,159 | 1,259,917,023 | |||||||||||||||||||||||||||
$ | 394,244,252 | $ | 593,979,239 | $ | 103,685,656 | $ | 115,581,573 | $ | 76,720,514 | $ | 1,284,211,234 | ||||||||||||||||||||||
Allowance as a percentage of loans/leases individually evaluated for impairment | 27.82 | % | 19.65 | % | 12.51 | % | 8.67 | % | 10.47 | % | 18.88 | % | |||||||||||||||||||||
Allowance as a percentage of loans/leases collectively evaluated for impairment | 1.08 | % | 1.23 | % | 1.82 | % | 0.84 | % | 1.57 | % | 1.22 | % | |||||||||||||||||||||
1.15 | % | 1.86 | % | 1.92 | % | 0.93 | % | 1.65 | % | 1.55 | % | ||||||||||||||||||||||
Information for impaired loans/leases is presented in the tables below. The recorded investment represents customer balances net of any partial charge-offs recognized on the loan/lease. The unpaid principal balance represents the recorded balance outstanding on the loan/lease prior to any partial charge-offs. | |||||||||||||||||||||||||||||||||
Loans/leases, by classes of financing receivable, considered to be impaired as of and for the nine months ended September 30, 2013 are presented as follows: | |||||||||||||||||||||||||||||||||
Classes of Loans/Leases | Recorded Investment | Unpaid Principal Balance | Related Allowance | Average Recorded Investment | Interest Income Recognized | Interest Income Recognized for Cash Payments Received | |||||||||||||||||||||||||||
Impaired Loans/Leases with No Specific Allowance Recorded: | |||||||||||||||||||||||||||||||||
Commercial and Industrial | $ | 701,450 | $ | 1,108,661 | $ | - | $ | 796,262 | $ | 5,811 | $ | 5,811 | |||||||||||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 705,653 | 705,653 | - | 1,517,083 | - | - | |||||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 1,760,962 | 1,760,962 | - | 2,031,439 | - | - | |||||||||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 1,584,704 | 1,584,704 | - | 2,807,422 | 41,127 | 41,127 | |||||||||||||||||||||||||||
Direct Financing Leases | 460,298 | 460,298 | - | 812,758 | - | - | |||||||||||||||||||||||||||
Residential Real Estate | 1,404,241 | 1,404,241 | - | 1,033,428 | - | - | |||||||||||||||||||||||||||
Installment and Other Consumer | 1,004,643 | 1,004,643 | - | 863,712 | 6,801 | 6,801 | |||||||||||||||||||||||||||
$ | 7,621,951 | $ | 8,029,162 | $ | - | $ | 9,862,104 | $ | 53,739 | $ | 53,739 | ||||||||||||||||||||||
Impaired Loans/Leases with Specific Allowance Recorded: | |||||||||||||||||||||||||||||||||
Commercial and Industrial | $ | 1,872,767 | $ | 1,886,717 | $ | 1,112,008 | $ | 1,044,843 | $ | 24,647 | $ | 24,647 | |||||||||||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 1,325,513 | 2,170,954 | 461,491 | 633,230 | - | - | |||||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 1,882,762 | 1,882,762 | 1,842,784 | 1,874,976 | 7,411 | 7,411 | |||||||||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 9,257,889 | 9,510,848 | 2,683,575 | 8,673,807 | 30,957 | 30,957 | |||||||||||||||||||||||||||
Direct Financing Leases | 238,290 | 238,290 | 134,533 | 89,468 | - | - | |||||||||||||||||||||||||||
Residential Real Estate | 656,477 | 656,477 | 206,700 | 410,364 | 801 | 801 | |||||||||||||||||||||||||||
Installment and Other Consumer | 437,539 | 437,539 | 52,567 | 334,233 | - | - | |||||||||||||||||||||||||||
$ | 15,671,237 | $ | 16,783,587 | $ | 6,493,658 | $ | 13,060,921 | $ | 63,816 | $ | 63,816 | ||||||||||||||||||||||
Total Impaired Loans/Leases: | |||||||||||||||||||||||||||||||||
Commercial and Industrial | $ | 2,574,217 | $ | 2,995,378 | $ | 1,112,008 | $ | 1,841,105 | $ | 30,458 | $ | 30,458 | |||||||||||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 2,031,166 | 2,876,607 | 461,491 | 2,150,313 | - | - | |||||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 3,643,724 | 3,643,724 | 1,842,784 | 3,906,415 | 7,411 | 7,411 | |||||||||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 10,842,593 | 11,095,552 | 2,683,575 | 11,481,229 | 72,084 | 72,084 | |||||||||||||||||||||||||||
Direct Financing Leases | 698,588 | 698,588 | 134,533 | 902,226 | - | - | |||||||||||||||||||||||||||
Residential Real Estate | 2,060,718 | 2,060,718 | 206,700 | 1,443,792 | 801 | 801 | |||||||||||||||||||||||||||
Installment and Other Consumer | 1,442,182 | 1,442,182 | 52,567 | 1,197,945 | 6,801 | 6,801 | |||||||||||||||||||||||||||
$ | 23,293,188 | $ | 24,812,749 | $ | 6,493,658 | $ | 22,923,025 | $ | 117,555 | $ | 117,555 | ||||||||||||||||||||||
Impaired loans/leases for which no allowance has been provided have adequate collateral, based on management’s current estimates. | |||||||||||||||||||||||||||||||||
Loans/leases, by classes of financing receivable, considered to be impaired as of and for the three months ended September 30, 2013 and 2012, respectively, are presented as follows: | |||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2013 | Three Months Ended September 30, 2012 | ||||||||||||||||||||||||||||||||
Classes of Loans/Leases | Average Recorded Investment | Interest Income Recognized | Interest Income Recognized for Cash Payments Received | Average Recorded Investment | Interest Income Recognized | Interest Income Recognized for Cash Payments Received | |||||||||||||||||||||||||||
Impaired Loans/Leases with No Specific Allowance Recorded: | |||||||||||||||||||||||||||||||||
Commercial and Industrial | $ | 834,405 | $ | 1,950 | $ | 1,950 | $ | 754,844 | $ | - | $ | - | |||||||||||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 2,295,969 | - | - | 550,725 | - | - | |||||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 1,943,718 | - | - | 1,323,689 | 1,701 | 1,701 | |||||||||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 1,739,053 | 354 | 354 | 5,798,404 | - | - | |||||||||||||||||||||||||||
Direct Financing Leases | 527,153 | - | - | 680,817 | - | - | |||||||||||||||||||||||||||
Residential Real Estate | 1,273,943 | - | - | 943,926 | 1,691 | 1,691 | |||||||||||||||||||||||||||
Installment and Other Consumer | 1,012,035 | 1,689 | 1,689 | 1,063,519 | 121 | 121 | |||||||||||||||||||||||||||
$ | 9,626,276 | $ | 3,993 | $ | 3,993 | $ | 11,115,924 | $ | 3,513 | $ | 3,513 | ||||||||||||||||||||||
Impaired Loans/Leases with Specific Allowance Recorded: | |||||||||||||||||||||||||||||||||
Commercial and Industrial | $ | 1,913,841 | $ | 9,340 | $ | 9,340 | $ | 223,917 | $ | 1,984 | $ | 1,984 | |||||||||||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 1,181,798 | - | - | - | - | - | |||||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 1,897,759 | 1,992 | 1,992 | 2,157,696 | - | - | |||||||||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 8,893,535 | 26,484 | 26,484 | 12,036,134 | 86,744 | 86,744 | |||||||||||||||||||||||||||
Direct Financing Leases | 172,428 | - | - | 210,299 | - | - | |||||||||||||||||||||||||||
Residential Real Estate | 561,752 | 801 | 801 | 524,031 | - | - | |||||||||||||||||||||||||||
Installment and Other Consumer | 422,808 | - | - | 68,898 | - | - | |||||||||||||||||||||||||||
$ | 15,043,921 | $ | 38,617 | $ | 38,617 | $ | 15,220,975 | $ | 88,728 | $ | 88,728 | ||||||||||||||||||||||
Total Impaired Loans/Leases: | |||||||||||||||||||||||||||||||||
Commercial and Industrial | $ | 2,748,246 | $ | 11,290 | $ | 11,290 | $ | 978,761 | $ | 1,984 | $ | 1,984 | |||||||||||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 3,477,767 | - | - | 550,725 | - | - | |||||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 3,841,477 | 1,992 | 1,992 | 3,481,385 | 1,701 | 1,701 | |||||||||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 10,632,588 | 26,838 | 26,838 | 17,834,538 | 86,744 | 86,744 | |||||||||||||||||||||||||||
Direct Financing Leases | 699,581 | - | - | 891,116 | - | - | |||||||||||||||||||||||||||
Residential Real Estate | 1,835,695 | 801 | 801 | 1,467,957 | 1,691 | 1,691 | |||||||||||||||||||||||||||
Installment and Other Consumer | 1,434,843 | 1,689 | 1,689 | 1,132,417 | 121 | 121 | |||||||||||||||||||||||||||
$ | 24,670,197 | $ | 42,610 | $ | 42,610 | $ | 26,336,899 | $ | 92,241 | $ | 92,241 | ||||||||||||||||||||||
Impaired loans/leases for which no allowance has been provided have adequate collateral, based on management’s current estimates. | |||||||||||||||||||||||||||||||||
Loans/leases, by classes of financing receivable, considered to be impaired as of December 31, 2012 are presented as follows: | |||||||||||||||||||||||||||||||||
Classes of Loans/Leases | Recorded | Unpaid | Related | ||||||||||||||||||||||||||||||
Investment | Principal | Allowance | |||||||||||||||||||||||||||||||
Balance | |||||||||||||||||||||||||||||||||
Impaired Loans/Leases with No Specific Allowance Recorded: | |||||||||||||||||||||||||||||||||
Commercial and Industrial | $ | 438,355 | $ | 1,203,710 | $ | - | |||||||||||||||||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 503,321 | 503,321 | - | ||||||||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 678,523 | 678,523 | - | ||||||||||||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 495,702 | 495,702 | - | ||||||||||||||||||||||||||||||
Direct Financing Leases | 777,645 | 777,645 | - | ||||||||||||||||||||||||||||||
Residential Real Estate | 944,211 | 1,127,242 | - | ||||||||||||||||||||||||||||||
Installment and Other Consumer | 534,368 | 534,368 | - | ||||||||||||||||||||||||||||||
$ | 4,372,125 | $ | 5,320,511 | $ | - | ||||||||||||||||||||||||||||
Impaired Loans/Leases with Specific Allowance Recorded: | |||||||||||||||||||||||||||||||||
Commercial and Industrial | $ | 568,597 | $ | 590,849 | $ | 280,170 | |||||||||||||||||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | - | - | - | ||||||||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 3,967,583 | 3,967,583 | 1,105,795 | ||||||||||||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 14,738,717 | 14,991,676 | 2,899,247 | ||||||||||||||||||||||||||||||
Direct Financing Leases | 221,157 | 221,157 | 125,000 | ||||||||||||||||||||||||||||||
Residential Real Estate | 273,045 | 273,045 | 105,565 | ||||||||||||||||||||||||||||||
Installment and Other Consumer | 152,987 | 152,987 | 71,992 | ||||||||||||||||||||||||||||||
$ | 19,922,086 | $ | 20,197,297 | $ | 4,587,769 | ||||||||||||||||||||||||||||
Total Impaired Loans/Leases: | |||||||||||||||||||||||||||||||||
Commercial and Industrial | $ | 1,006,952 | $ | 1,794,559 | $ | 280,170 | |||||||||||||||||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 503,321 | 503,321 | - | ||||||||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 4,646,106 | 4,646,106 | 1,105,795 | ||||||||||||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 15,234,419 | 15,487,378 | 2,899,247 | ||||||||||||||||||||||||||||||
Direct Financing Leases | 998,802 | 998,802 | 125,000 | ||||||||||||||||||||||||||||||
Residential Real Estate | 1,217,256 | 1,400,287 | 105,565 | ||||||||||||||||||||||||||||||
Installment and Other Consumer | 687,355 | 687,355 | 71,992 | ||||||||||||||||||||||||||||||
$ | 24,294,211 | $ | 25,517,808 | $ | 4,587,769 | ||||||||||||||||||||||||||||
Impaired loans/leases for which no allowance has been provided have adequate collateral, based on management’s current estimates. | |||||||||||||||||||||||||||||||||
For commercial and industrial and commercial real estate loans, the Company’s credit quality indicator is internally assigned risk ratings. Each commercial loan is assigned a risk rating upon origination. The risk rating is reviewed every 15 months, at a minimum, and on an as needed basis depending on the specific circumstances of the loan. | |||||||||||||||||||||||||||||||||
For direct financing leases, residential real estate loans, and installment and other consumer loans, the Company’s credit quality indicator is performance determined by delinquency status. Delinquency status is updated daily by the Company’s loan system. | |||||||||||||||||||||||||||||||||
For each class of financing receivable, the following presents the recorded investment by credit quality indicator as of September 30, 2013 and December 31, 2012: | |||||||||||||||||||||||||||||||||
As of September 30, 2013 | |||||||||||||||||||||||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||||||||||
Non Owner-Occupied | |||||||||||||||||||||||||||||||||
Internally Assigned Risk Rating | Commercial and Industrial | Owner-Occupied Commercial Real Estate | Commercial Construction, Land Development, and Other Land | Other Commercial Real Estate | Total | ||||||||||||||||||||||||||||
Pass (Ratings 1 through 5) | $ | 445,104,945 | $ | 249,985,030 | $ | 36,776,727 | $ | 374,036,916 | $ | 1,105,903,618 | |||||||||||||||||||||||
Special Mention (Rating 6) | 11,374,381 | 3,261,364 | 5,292,606 | 9,717,356 | 29,645,707 | ||||||||||||||||||||||||||||
Substandard (Rating 7) | 14,733,895 | 6,095,333 | 7,515,739 | 21,861,256 | 50,206,223 | ||||||||||||||||||||||||||||
Doubtful (Rating 8) | 43,753 | 158,726 | - | - | 202,479 | ||||||||||||||||||||||||||||
$ | 471,256,974 | $ | 259,500,453 | $ | 49,585,072 | $ | 405,615,528 | $ | 1,185,958,027 | ||||||||||||||||||||||||
As of September 30, 2013 | |||||||||||||||||||||||||||||||||
Delinquency Status * | Direct Financing Leases | Residential Real Estate | Installment and Other Consumer | Total | |||||||||||||||||||||||||||||
Performing | $ | 120,569,409 | $ | 148,764,438 | $ | 75,783,242 | $ | 345,117,089 | |||||||||||||||||||||||||
Nonperforming | 698,588 | 2,060,718 | 1,443,121 | 4,202,427 | |||||||||||||||||||||||||||||
$ | 121,267,997 | $ | 150,825,156 | $ | 77,226,363 | $ | 349,319,516 | ||||||||||||||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||||||||||
Non Owner-Occupied | |||||||||||||||||||||||||||||||||
Internally Assigned Risk Rating | Commercial and Industrial | Owner-Occupied Commercial Real Estate | Commercial Construction, Land Development, and Other Land | Other Commercial Real Estate | Total | ||||||||||||||||||||||||||||
Pass (Ratings 1 through 5) | $ | 371,856,380 | $ | 195,567,523 | $ | 38,125,793 | $ | 312,370,393 | $ | 917,920,089 | |||||||||||||||||||||||
Special Mention (Rating 6) | 8,008,866 | 5,488,602 | 1,238,152 | 7,319,902 | 22,055,522 | ||||||||||||||||||||||||||||
Substandard (Rating 7) | 14,379,006 | 3,855,183 | 5,598,436 | 24,415,255 | 48,247,880 | ||||||||||||||||||||||||||||
Doubtful (Rating 8) | - | - | - | - | - | ||||||||||||||||||||||||||||
$ | 394,244,252 | $ | 204,911,308 | $ | 44,962,381 | $ | 344,105,550 | $ | 988,223,491 | ||||||||||||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||||||||||
Delinquency Status * | Direct Financing Leases | Residential Real Estate | Installment and Other Consumer | Total | |||||||||||||||||||||||||||||
Performing | $ | 102,686,854 | $ | 114,364,316 | $ | 75,921,358 | $ | 292,972,528 | |||||||||||||||||||||||||
Nonperforming | 998,802 | 1,217,257 | 799,156 | 3,015,215 | |||||||||||||||||||||||||||||
$ | 103,685,656 | $ | 115,581,573 | $ | 76,720,514 | $ | 295,987,743 | ||||||||||||||||||||||||||
*Performing =oans/leases accruing and less than 90 days past due. Nonperforming =oans/leases on nonaccrual, accruing loans/leases that are greater than or equal to 90 days past due, and accruing troubled debt restructurings. | |||||||||||||||||||||||||||||||||
As of September 30, 2013 and December 31, 2012, troubled debt restructurings totaled $16,451,616 and $12,958,374, respectively. | |||||||||||||||||||||||||||||||||
For each class of financing receivable, the following presents the number and recorded investment of troubled debt restructurings, by type of concession, that were restructured during the three and nine months ended September 30, 2013 and 2012. The difference between the pre-modification recorded investment and the post-modification recorded investment would be any partial charge-offs at the time of the restructuring. | |||||||||||||||||||||||||||||||||
For the three months ended September 30, 2013 | For the three months ended September 30, 2012 | ||||||||||||||||||||||||||||||||
Classes of Loans/Leases | Number of Loans / Leases | Pre-Modification Recorded Investment | Post-Modification Recorded Investment | Specific Allowance | Number of Loans / Leases | Pre-Modification Recorded Investment | Post-Modification Recorded Investment | Specific Allowance | |||||||||||||||||||||||||
CONCESSION - Extension of maturity | |||||||||||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 1 | $ | 61,517 | $ | 61,517 | $ | - | - | $ | - | $ | - | $ | - | |||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 7 | 6,637,835 | 6,637,835 | 1,518,303 | 4 | 1,184,289 | 1,184,289 | 325,923 | |||||||||||||||||||||||||
8 | $ | 6,699,352 | $ | 6,699,352 | $ | 1,518,303 | 4 | $ | 1,184,289 | $ | 1,184,289 | $ | 325,923 | ||||||||||||||||||||
CONCESSION - Interest rate adjusted below market | |||||||||||||||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | - | $ | - | $ | - | $ | - | 2 | $ | 1,542,784 | $ | 1,289,825 | $ | 55,187 | |||||||||||||||||||
Residential Real Estate | 1 | 79,661 | 79,661 | 24,408 | - | - | - | - | |||||||||||||||||||||||||
1 | $ | 79,661 | $ | 79,661 | $ | 24,408 | - | $ | - | $ | - | $ | - | ||||||||||||||||||||
TOTAL | 9 | $ | 6,779,013 | $ | 6,779,013 | $ | 1,542,711 | 4 | $ | 1,184,289 | $ | 1,184,289 | $ | 325,923 | |||||||||||||||||||
For the nine months ended September 30, 2013 | For the nine months ended September 30, 2012 | ||||||||||||||||||||||||||||||||
Classes of Loans/Leases | Number of Loans / Leases | Pre-Modification Recorded Investment | Post-Modification Recorded Investment | Specific Allowance | Number of Loans / Leases | Pre-Modification Recorded Investment | Post-Modification Recorded Investment | Specific Allowance | |||||||||||||||||||||||||
CONCESSION - Extension of maturity | |||||||||||||||||||||||||||||||||
Commercial and Industrial | 3 | $ | 809,494 | $ | 809,494 | $ | 188,700 | - | $ | - | $ | - | $ | - | |||||||||||||||||||
Owner-Occupied Commercial Real Estate | 1 | 61,517 | 61,517 | - | - | - | - | - | |||||||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 7 | 6,637,835 | 6,637,835 | 1,518,303 | 4 | 1,184,289 | 1,184,289 | 325,923 | |||||||||||||||||||||||||
11 | $ | 7,508,846 | $ | 7,508,846 | $ | 1,707,003 | 4 | $ | 1,184,289 | $ | 1,184,289 | $ | 325,923 | ||||||||||||||||||||
CONCESSION - Significant payment delay | |||||||||||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 1 | $ | 47,958 | $ | 47,958 | $ | - | - | $ | - | $ | - | $ | - | |||||||||||||||||||
Residential Real Estate | 1 | 91,581 | 91,581 | - | - | - | - | - | |||||||||||||||||||||||||
Installment and Other Consumer | 1 | 370,000 | 370,000 | - | - | - | - | - | |||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | - | - | - | - | 2 | 200,000 | 200,000 | 144,000 | |||||||||||||||||||||||||
3 | $ | 509,539 | $ | 509,539 | $ | - | 2 | $ | 200,000 | $ | 200,000 | $ | 144,000 | ||||||||||||||||||||
CONCESSION - Interest rate adjusted below market | |||||||||||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 1 | $ | 337,500 | $ | 337,500 | $ | - | 1 | $ | 337,500 | $ | 337,500 | $ | - | |||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | - | - | - | - | 2 | 1,542,784 | 1,289,825 | 55,187 | |||||||||||||||||||||||||
Residential Real Estate | 2 | 240,288 | 240,288 | 24,408 | 1 | 167,739 | 167,739 | - | |||||||||||||||||||||||||
Installment and Other Consumer | - | - | - | - | 1 | 16,043 | 16,043 | - | |||||||||||||||||||||||||
3 | $ | 577,788 | $ | 577,788 | $ | 24,408 | 5 | $ | 2,064,066 | $ | 1,811,107 | $ | 55,187 | ||||||||||||||||||||
TOTAL | 17 | $ | 8,596,173 | $ | 8,596,173 | $ | 1,731,411 | 11 | $ | 3,448,355 | $ | 3,195,396 | $ | 525,110 | |||||||||||||||||||
Of the troubled debt restructurings reported above, 10 with post-modification recorded investments totaling $6,087,296 were on nonaccrual as of September 30, 2013, and four with post-modification recorded investments totaling $4,337,321 were on nonaccrual as of September 30, 2012. | |||||||||||||||||||||||||||||||||
For the three and nine months ended September 30, 2013, the Company had one troubled debt restructuring that redefaulted within 12 months subsequent to restructure where default is defined as delinquency of 90 days or more and/or placement on nonaccrual status. The one troubled debt restructuring had a pre-modification and post-modification recorded investment of $61,517 with no specific allowance. The troubled debt restructuring was placed on nonaccrual status during the three months ended September 30, 2013. | |||||||||||||||||||||||||||||||||
For the three and nine months ended September 30, 2012, none of the Company’s troubled debt restructurings had redefaulted within 12 months subsequent to restructure where default is defined as delinquency of 90 days or more and/or placement on nonaccrual status. |
Note_5_Junior_Subordinated_Deb
Note 5 - Junior Subordinated Debentures | 9 Months Ended | ||||||||||||||
Sep. 30, 2013 | |||||||||||||||
Debt Disclosure [Abstract] | ' | ||||||||||||||
Debt Disclosure [Text Block] | ' | ||||||||||||||
NOTE 5 – JUNIOR SUBORDINATED DEBENTURES | |||||||||||||||
As part of the acquisition of Community National, the Company assumed two junior subordinated debentures detailed as follows: | |||||||||||||||
The first debenture assumed was issued in September 2004 in the amount of $3,093,000, and provides that interest is payable quarterly with the interest rate adjusted to equal three-month LIBOR plus 2.17% (2.42% at September 30, 2013). Principal is due September 20, 2034, but is callable at any time. The second debenture assume was issued in March 2007 in the amount of $3,609,000, and provides that interest is payable quarterly with the interest rate adjusted to equal three-month LIBOR plus 1.75% (2.00% at September 30, 2013). Principal is due March 15, 2037, but is callable at any time. | |||||||||||||||
Junior subordinated debentures are summarized as of September 30, 2013 and December 31, 2012 as follows: | |||||||||||||||
2013 | 2012 | ||||||||||||||
Note Payable to QCR Holdings Capital Trust II | $ | 12,372,000 | $ | 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 | - | |||||||||||||
Note Payable to Community National Trust III | 3,609,000 | - | |||||||||||||
Market Value Discount per ASC 805 | (2,529,562 | ) | - | ||||||||||||
$ | 40,257,438 | $ | 36,085,000 | ||||||||||||
At acquisition, the fair value of Community National’s junior subordinated debentures totaled $4,125,175 which resulted in a discount of $2,576,825. The discount is accreted as interest expense on a level yield basis over the expected remaining term of the junior subordinated debentures. | |||||||||||||||
A schedule of the Company’s non-consolidated subsidiaries formed for the issuance of trust preferred securities including the amounts outstanding as of September 30, 2013 and December 31, 2012, is as follows: | |||||||||||||||
Name | Date Issued | Amount Issued | Interest Rate | Interest Rate as of 9/30/2013 | Interest Rate as of 12/31/2012 | ||||||||||
QCR Holdings Statutory Trust II | Feb-04 | $ | 12,372,000 | 2.85% over 3-month LIBOR | 3.12% | 3.21% | |||||||||
QCR Holdings Statutory Trust III | Feb-04 | 8,248,000 | 2.85% over 3-month LIBOR | 3.12% | 3.21% | ||||||||||
QCR Holdings Statutory Trust IV | May-05 | 5,155,000 | 1.80% over 3-month LIBOR | 2.07% | 2.14% | ||||||||||
QCR Holdings Statutory Trust V | Feb-06 | 10,310,000 | 1.55% over 3-month LIBOR | 1.82% | 1.89% | ||||||||||
Community National Statutory Trust II | Sep-04 | 3,093,000 | 2.17% over 3-month LIBOR | 2.42% | N/A | ||||||||||
Community National Statutory Trust III | Mar-07 | 3,609,000 | 1.75% over 3-month LIBOR | 2.00% | N/A | ||||||||||
$ | 42,787,000 | Weighted Average Rate | 2.54% | 2.68% | |||||||||||
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. |
Note_6_Earnings_Per_Share
Note 6 - Earnings Per Share | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||||||
Earnings Per Share [Text Block] | ' | ||||||||||||||||
NOTE 6 - EARNINGS PER SHARE | |||||||||||||||||
The following information was used in the computation of earnings per share on a basic and diluted basis: | |||||||||||||||||
Three months ended | Nine months ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Net income | $ | 3,811,944 | $ | 3,184,510 | $ | 11,122,319 | $ | 9,860,738 | |||||||||
Less: Net income attributable to noncontrolling interests | - | 127,177 | - | 494,431 | |||||||||||||
Net income attributable to QCR Holdings, Inc. | $ | 3,811,944 | $ | 3,057,333 | $ | 11,122,319 | $ | 9,366,307 | |||||||||
Less: Preferred stock dividends | 810,837 | 810,837 | 2,432,512 | 2,685,248 | |||||||||||||
Net income attributable to QCR Holdings, Inc. common stockholders | $ | 3,001,107 | $ | 2,246,496 | $ | 8,689,807 | $ | 6,681,059 | |||||||||
Earnings per common share attributable to QCR Holdings, Inc. common stockholders | |||||||||||||||||
Basic | $ | 0.52 | $ | 0.45 | $ | 1.62 | $ | 1.37 | |||||||||
Diluted | $ | 0.51 | $ | 0.44 | $ | 1.59 | $ | 1.35 | |||||||||
Weighted average common shares outstanding | 5,806,019 | 4,978,699 | 5,375,557 | 4,871,626 | |||||||||||||
Weighted average common shares issuable upon exercise of stock options and under the employee stock purchase plan | 109,260 | 101,589 | 106,741 | 66,888 | |||||||||||||
Weighted average common and common equivalent shares outstanding | 5,915,279 | 5,080,288 | 5,482,298 | 4,938,514 | |||||||||||||
Note_7_Business_Segment_Inform
Note 7 - Business Segment Information | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||||||
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 which are the four subsidiary banks wholly-owned by the Company: QCBT, CRBT, RB&T, and CNB (which was acquired on May 13, 2013 and merged with and into CRBT on October 26, 2013). 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 four 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 for the three and nine months ended September 30, 2013 and 2012. | |||||||||||||||||||||||||||||||||
Commercial Banking | |||||||||||||||||||||||||||||||||
Quad City | Cedar Rapids | Rockford | Community | Wealth | Intercompany | Consolidated | |||||||||||||||||||||||||||
Bank & Trust | Bank & Trust | Bank & Trust | National Bank | Management | All Other | Eliminations | Total | ||||||||||||||||||||||||||
Three Months Ended September 30, 2013 | |||||||||||||||||||||||||||||||||
Total revenue | $ | 12,610,738 | $ | 6,614,689 | $ | 3,457,684 | $ | 3,391,981 | $ | 1,946,795 | $ | 5,398,152 | $ | (5,489,143 | ) | $ | 27,930,896 | ||||||||||||||||
Net interest income | $ | 8,494,707 | $ | 4,100,494 | $ | 2,421,255 | $ | 2,782,513 | $ | - | $ | (488,633 | ) | $ | - | $ | 17,310,336 | ||||||||||||||||
Net income attributable to QCR Holdings, Inc. | $ | 2,541,293 | $ | 1,626,220 | $ | 445,521 | $ | 315,587 | $ | 458,813 | $ | 3,811,944 | $ | (5,387,434 | ) | $ | 3,811,944 | ||||||||||||||||
Total assets | $ | 1,248,417,915 | $ | 651,239,436 | $ | 333,804,180 | $ | 276,428,086 | $ | - | $ | 214,875,126 | $ | (239,050,305 | ) | $ | 2,485,714,438 | ||||||||||||||||
Provision for loan/lease losses | $ | 674,984 | $ | - | $ | 112,000 | $ | 580,000 | $ | - | $ | - | $ | - | $ | 1,366,984 | |||||||||||||||||
Goodwill | $ | 3,222,688 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 3,222,688 | |||||||||||||||||
Core deposit intangible | $ | - | $ | - | $ | - | $ | 3,311,073 | $ | - | $ | - | $ | - | $ | 3,311,073 | |||||||||||||||||
Three Months Ended September 30, 2012 | |||||||||||||||||||||||||||||||||
Total revenue | $ | 11,643,674 | $ | 6,706,485 | $ | 2,897,098 | $ | - | $ | 1,490,297 | $ | 4,542,612 | $ | (3,675,459 | ) | $ | 23,604,707 | ||||||||||||||||
Net interest income | $ | 8,602,967 | $ | 4,027,693 | $ | 2,368,483 | $ | - | $ | - | $ | (369,625 | ) | $ | - | $ | 14,629,518 | ||||||||||||||||
Net income attributable to QCR Holdings, Inc. | $ | 2,586,303 | $ | 1,532,946 | $ | (313,019 | ) | $ | - | $ | 108,950 | $ | 3,077,515 | $ | (3,935,362 | ) | $ | 3,057,333 | |||||||||||||||
Total assets | $ | 1,134,296,418 | $ | 587,057,961 | $ | 299,947,837 | $ | - | $ | - | $ | 196,448,244 | $ | (193,804,388 | ) | $ | 2,023,946,072 | ||||||||||||||||
Provision for loan/lease losses | $ | 350,194 | $ | 300,000 | $ | 846,000 | $ | - | $ | - | $ | - | $ | - | $ | 1,496,194 | |||||||||||||||||
Goodwill | $ | 3,222,688 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 3,222,688 | |||||||||||||||||
Nine Months Ended September 30, 2013 | |||||||||||||||||||||||||||||||||
Total revenue | $ | 36,476,985 | $ | 20,011,520 | $ | 10,291,554 | $ | 4,900,023 | $ | 5,488,081 | $ | 16,570,031 | $ | (14,977,630 | ) | $ | 78,760,564 | ||||||||||||||||
Net interest income | $ | 25,371,337 | $ | 11,897,163 | $ | 7,160,723 | $ | 4,008,125 | $ | - | $ | (1,227,643 | ) | $ | - | $ | 47,209,705 | ||||||||||||||||
Net income attributable to QCR Holdings, Inc. | $ | 6,989,589 | $ | 4,971,503 | $ | 1,261,243 | $ | 458,786 | $ | 1,000,558 | $ | 11,122,319 | $ | (14,681,679 | ) | $ | 11,122,319 | ||||||||||||||||
Total assets | $ | 1,248,417,915 | $ | 651,239,436 | $ | 333,804,180 | $ | 276,428,086 | $ | - | $ | 214,875,126 | $ | (239,050,305 | ) | $ | 2,485,714,438 | ||||||||||||||||
Provision for loan/lease losses | $ | 2,052,889 | $ | 400,000 | $ | 912,000 | $ | 580,014 | $ | - | $ | - | $ | - | $ | 3,944,903 | |||||||||||||||||
Goodwill | $ | 3,222,688 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 3,222,688 | |||||||||||||||||||
Core deposit intangible | $ | - | $ | - | $ | - | $ | 3,311,073 | $ | - | $ | - | $ | - | $ | 3,311,073 | |||||||||||||||||
Nine Months Ended September 30, 2012 | |||||||||||||||||||||||||||||||||
Total revenue | $ | 36,196,909 | $ | 19,829,521 | $ | 9,665,950 | $ | - | $ | 4,427,051 | $ | 13,533,609 | $ | (13,115,614 | ) | $ | 70,537,426 | ||||||||||||||||
Net interest income | $ | 25,524,594 | $ | 11,691,876 | $ | 7,259,522 | $ | - | $ | - | $ | (1,127,528 | ) | $ | - | $ | 43,348,464 | ||||||||||||||||
Net income attributable to QCR Holdings, Inc. | $ | 7,603,033 | $ | 4,214,081 | $ | 482,950 | $ | - | $ | 425,356 | $ | 9,484,700 | $ | (12,843,813 | ) | $ | 9,366,307 | ||||||||||||||||
Total assets | $ | 1,134,296,418 | $ | 587,057,961 | $ | 299,947,837 | $ | - | $ | - | $ | 196,448,244 | $ | (193,804,388 | ) | $ | 2,023,946,072 | ||||||||||||||||
Provision for loan/lease losses | $ | 1,138,109 | $ | 875,000 | $ | 1,312,000 | $ | - | $ | - | $ | - | $ | - | $ | 3,325,109 | |||||||||||||||||
Goodwill | $ | 3,222,688 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 3,222,688 | |||||||||||||||||
Note_8_Fair_Value
Note 8 - Fair Value | 9 Months Ended | |||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||
Fair Value Disclosures [Text Block] | ' | |||||||||||||||||
NOTE 8 – FAIR VALUE | ||||||||||||||||||
Accounting guidance on fair value measurement uses a hierarchy intended to maximize the use of observable inputs and minimize the use of unobservable inputs. This hierarchy includes three levels and is based upon the valuation techniques used to measure assets and liabilities. The three levels are as follows: | ||||||||||||||||||
● | Level 1 – Inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in markets; | |||||||||||||||||
● | Level 2 – Inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument; and | |||||||||||||||||
● | Level 3 – Inputs to the valuation methodology are unobservable and significant to the fair value measurement. | |||||||||||||||||
Assets measured at fair value on a recurring basis comprise the following at September 30, 2013 and December 31, 2012: | ||||||||||||||||||
Fair Value Measurements at Reporting Date Using | ||||||||||||||||||
Fair Value | Quoted Prices | Significant | Significant | |||||||||||||||
in Active | Other | Unobservable | ||||||||||||||||
Markets for | Observable | Inputs | ||||||||||||||||
Identical Assets | Inputs | (Level 3) | ||||||||||||||||
(Level 1) | (Level 2) | |||||||||||||||||
September 30, 2013: | ||||||||||||||||||
Securities available for sale: | ||||||||||||||||||
U.S. govt. sponsored agency securities | $ | 367,524,887 | $ | - | $ | 367,524,887 | $ | - | ||||||||||
Residential mortgage-backed and related securities | 166,544,470 | - | 166,544,470 | - | ||||||||||||||
Municipal securities | 36,459,170 | - | 36,459,170 | - | ||||||||||||||
Other securities | 1,808,802 | 285,214 | 1,523,588 | - | ||||||||||||||
$ | 572,337,329 | $ | 285,214 | $ | 572,052,115 | $ | - | |||||||||||
December 31, 2012: | ||||||||||||||||||
Securities available for sale: | ||||||||||||||||||
U.S. govt. sponsored agency securities | $ | 338,609,371 | $ | - | $ | 338,609,371 | $ | - | ||||||||||
Residential mortgage-backed and related securities | 163,601,103 | - | 163,601,103 | - | ||||||||||||||
Municipal securities | 26,185,736 | - | 26,185,736 | - | ||||||||||||||
Trust preferred securities | 139,400 | - | 139,400 | - | ||||||||||||||
Other securities | 1,624,376 | 234,453 | 1,389,923 | - | ||||||||||||||
$ | 530,159,986 | $ | 234,453 | $ | 529,925,533 | $ | - | |||||||||||
There were no transfers of assets or liabilities between Levels 1, 2, and 3 of the fair value hierarchy for the three and nine months ended September 30, 2013 and 2012. | ||||||||||||||||||
A small portion of the securities available for sale portfolio consists of common stock issued by various unrelated bank holding companies. The fair values used by the Company are obtained from an independent pricing service and represent quoted market prices for the identical securities (Level 1 inputs). | ||||||||||||||||||
The remainder of the securities available for sale portfolio consists of securities whereby the Company obtains fair values from an independent pricing service. The fair values are determined by pricing models that consider observable market data, such as interest rate volatilities, LIBOR yield curve, credit spreads and prices from market makers and live trading systems (Level 2 inputs). | ||||||||||||||||||
Certain financial assets are measured at fair value on a non-recurring basis; that is, the assets are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances (for example, when there is evidence of impairment). | ||||||||||||||||||
Assets measured at fair value on a non-recurring basis comprise the following at September 30, 2013 and December 31, 2012: | ||||||||||||||||||
Fair Value Measurements at Reporting Date Using | ||||||||||||||||||
Fair Value | Level 1 | Level 2 | Level 3 | |||||||||||||||
September 30, 2013: | ||||||||||||||||||
Impaired loans/leases | $ | 11,239,694 | $ | - | $ | - | $ | 11,239,694 | ||||||||||
Other real estate owned | 9,175,463 | - | - | 9,175,463 | ||||||||||||||
$ | 20,415,157 | $ | - | $ | - | $ | 20,415,157 | |||||||||||
December 31, 2012: | ||||||||||||||||||
Impaired loans/leases | $ | 18,054,234 | $ | - | $ | - | $ | 18,054,234 | ||||||||||
Other real estate owned | 4,270,901 | - | - | 4,270,901 | ||||||||||||||
$ | 22,325,135 | $ | - | $ | - | $ | 22,325,135 | |||||||||||
Impaired loans/leases are evaluated and valued at the time the loan/lease is identified as impaired, at the lower of cost or fair value, and are classified as Level 3 in the fair value hierarchy. Fair value is measured based on the value of the collateral securing these loans/leases. Collateral may be real estate and/or business assets, including equipment, inventory and/or accounts receivable, and is determined based on appraisals by qualified licensed appraisers hired by the Company. Appraised and reported values may be discounted based on management’s historical knowledge, changes in market conditions from the time of valuation, and/or management’s expertise and knowledge of the client and client’s business. | ||||||||||||||||||
Other real estate owned in the table above consists of property acquired through foreclosures and settlements of loans. Property acquired is carried at the estimated fair value of the property, less disposal costs, and is classified as a Level 3 in the fair value hierarchy. The estimated fair value of the property is determined based on appraisals by qualified licensed appraisers hired by the Company. Appraised and reported values are discounted based on management’s historical knowledge, changes in market conditions from the time of valuation, and/or management’s expertise and knowledge of the property. | ||||||||||||||||||
The following table presents additional quantitative information about assets measured at fair value on a non-recurring basis for which the Company has utilized Level 3 inputs to determine fair value: | ||||||||||||||||||
Quantitave Information about Level Fair Value Measurments | ||||||||||||||||||
Fair Value | Valuation Technique | Unobservable Input | Range | |||||||||||||||
September 30, 2013: | ||||||||||||||||||
Impaired loans/leases | $ | 11,239,694 | Appraisal of collateral | Appraisal adjustments | -10.00% | to | -40.00% | |||||||||||
Other real estate owned | 9,175,463 | Appraisal of collateral | Appraisal adjustments | -25.00% | to | -50.00% | ||||||||||||
For the impaired loans/leases and other real estate owned, the Company records carrying value at fair value less disposal or selling costs. The amounts reported in the tables above are fair values before the adjustment for disposal or selling costs. | ||||||||||||||||||
There have been no changes in valuation techniques used for any assets measured at fair value during the three and nine months ended September 30, 2013 and 2012. | ||||||||||||||||||
The following table presents the carrying values and estimated fair values of financial assets and liabilities carried on the Company’s consolidated balance sheets, including those financial assets and liabilities that are not measured and reported at fair value on a recurring basis or non-recurring basis: | ||||||||||||||||||
Fair Value | As of September 30, 2013 | As of December 31, 2012 | ||||||||||||||||
Hierarchy | Carrying | Estimated | Carrying | Estimated | ||||||||||||||
Level | Value | Fair Value | Value | Fair Value | ||||||||||||||
Cash and due from banks | Level 1 | $ | 58,724,270 | $ | 58,724,270 | $ | 61,568,446 | $ | 61,568,446 | |||||||||
Federal funds sold | Level 2 | 48,192,000 | 48,192,000 | 26,560,000 | 26,560,000 | |||||||||||||
Interest-bearing deposits at financial institutions | Level 2 | 15,862,796 | 15,862,796 | 22,359,490 | 22,359,490 | |||||||||||||
Investment securities: | ||||||||||||||||||
Held to maturity | Level 3 | 131,361,845 | 125,292,362 | 72,079,385 | 73,005,706 | |||||||||||||
Available for sale | See Previous Table | 572,337,329 | 572,337,329 | 530,159,986 | 530,159,986 | |||||||||||||
Loans/leases receivable, net | Level 3 | 10,407,124 | 11,239,694 | 16,716,883 | 18,054,234 | |||||||||||||
Loans/leases receivable, net | Level 2 | 1,506,914,312 | 1,521,560,306 | 1,250,745,552 | 1,262,090,766 | |||||||||||||
Deposits: | ||||||||||||||||||
Nonmaturity deposits | Level 2 | 1,295,910,195 | 1,295,910,195 | 1,039,572,326 | 1,039,572,326 | |||||||||||||
Time deposits | Level 2 | 445,921,780 | 447,290,000 | 334,541,774 | 337,343,000 | |||||||||||||
Short-term borrowings | Level 2 | 169,259,562 | 169,259,562 | 171,082,961 | 171,082,961 | |||||||||||||
Federal Home Loan Bank advances | Level 2 | 205,350,000 | 216,440,000 | 202,350,000 | 220,815,000 | |||||||||||||
Other borrowings | Level 2 | 142,646,212 | 154,164,000 | 138,239,762 | 154,101,000 | |||||||||||||
Junior subordinated debentures | Level 2 | 40,257,438 | 27,903,509 | 36,085,000 | 18,786,000 | |||||||||||||
The methodologies for estimating the fair value of financial assets and liabilities that are measured at fair value on a recurring or non-recurring basis are discussed above. For certain financial assets and liabilities, carrying value approximates fair value due to the nature of the financial instrument. These instruments include: cash and due from banks, federal funds sold, interest-bearing deposits at financial institutions, non-maturity deposits, and short-term borrowings. The Company used the following methods and assumptions in estimating the fair value of the following instruments: | ||||||||||||||||||
Securities held to maturity: The fair values are estimated using pricing models that consider certain observable market data, however, as most of the securities have limited or no trading activity and are not rated, the fair value is partially dependent upon unobservable inputs. | ||||||||||||||||||
Loans/leases receivable: The fair values for all types of loans/leases are estimated using discounted cash flow analyses, using interest rates currently being offered for loans/leases with similar terms to borrowers with similar credit quality. The fair value of loans held for sale is based on quoted market prices of similar loans sold in the secondary market. | ||||||||||||||||||
Deposits: The fair values disclosed for demand deposits equal their carrying amounts, which represent the amount payable on demand. Fair values for time deposits are estimated using a discounted cash flow calculation that applies interest rates currently being offered on time deposits to a schedule of aggregate expected monthly maturities on time deposits. | ||||||||||||||||||
FHLB advances and junior subordinated debentures: The fair value of these instruments is estimated using discounted cash flow analyses, based on the Company's current incremental borrowing rates for similar types of borrowing arrangements. | ||||||||||||||||||
Other borrowings: The fair value for the wholesale repurchase agreements and fixed rate other borrowings is estimated using rates currently available for debt with similar terms and remaining maturities. The fair value for variable rate other borrowings is equal to its carrying value. | ||||||||||||||||||
Commitments to extend credit: The fair value of these commitments is not material. |
Note_9_Sales_of_Certain_Branch
Note 9 - Sales of Certain Branches of CNB and Merger of CNB into CRBT | 9 Months Ended | ||||
Sep. 30, 2013 | |||||
Business Combinations [Abstract] | ' | ||||
Business Combination Disclosure [Text Block] | ' | ||||
NOTE 9 – SALES OF CERTAIN BRANCHES OF CNB AND MERGER OF CNB INTO CRBT | |||||
On October 4, 2013, the Company finalized the sale of certain assets and liabilities of the two Mason City, Iowa branches of CNB. The detail of the assets and liabilities sold, and resulting gain on sale, is as follows: | |||||
As of | |||||
ASSETS | 4-Oct-13 | ||||
Cash | $ | 29,905,991 | |||
Loans receivable | 22,709,735 | ||||
Premises and equipment | 776,782 | ||||
Core deposit intangible | 910,415 | ||||
Other assets | 68,456 | ||||
Total assets sold | $ | 54,371,379 | |||
LIABILITIES | |||||
Deposits | $ | 55,191,930 | |||
Other liabilities | 53,422 | ||||
Total liabilties sold | $ | 55,245,352 | |||
Gain on sale, pre-tax | $ | 873,973 | |||
On October 11, 2013, the Company finalized the sale of certain assets and liabilities of the two Austin, Minnesota branches of CNB. The detail of the assets and liabilities sold, and resulting gain on sale, is as follows: | |||||
As of | |||||
ASSETS | 11-Oct-13 | ||||
Cash | $ | 519,627 | |||
Loans receivable | 31,749,135 | ||||
Premises and equipment | 1,597,040 | ||||
Core deposit intangible | 480,347 | ||||
Other assets | 70,443 | ||||
Total assets sold | $ | 34,416,592 | |||
LIABILITIES | |||||
Deposits | $ | 35,830,168 | |||
Other liabilities | 46,668 | ||||
Total liabilties sold | $ | 35,876,836 | |||
Gain on sale, pre-tax | $ | 1,460,244 | |||
On October 26, 2013, the remaining branch offices of CNB merged with and into CRBT. CNB’s merged branch offices will operate as a division of CRBT under the name “Community Bank & Trust.” |
Accounting_Policies_by_Policy_
Accounting Policies, by Policy (Policies) | 9 Months Ended |
Sep. 30, 2013 | |
Accounting Policies [Abstract] | ' |
Consolidation, Policy [Policy Text Block] | ' |
Basis of presentation: The interim unaudited consolidated financial statements contained herein should be read in conjunction with the audited consolidated financial statements and accompanying notes to the consolidated financial statements for the fiscal year ended December 31, 2012, including QCR Holdings, Inc.’s (the “Company”) Form 10-K filed with the Securities and Exchange Commission on March 11, 2013. Accordingly, footnote disclosures, which would substantially duplicate the disclosures contained in the audited consolidated financial statements, have been omitted. | |
The financial information of the Company included herein has been prepared in accordance with U.S. generally accepted accounting principles for interim financial reporting and has been prepared pursuant to the rules and regulations for reporting on Form 10-Q and Rule 10-01 of Regulation S-X. Such information reflects all adjustments (consisting of normal recurring adjustments) that are, in the opinion of management, necessary for a fair presentation of the financial position and results of operations for the periods presented. Any differences appearing between the numbers presented in financial statements and management’s discussion and analysis are due to rounding. The results of the interim period ended September 30, 2013, are not necessarily indicative of the results expected for the year ending December 31, 2013. | |
The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries which include four commercial banks: Quad City Bank & Trust Company (“QCBT”), Cedar Rapids Bank & Trust Company (“CRBT”), Rockford Bank & Trust Company (“RB&T”), and Community National Bank (“CNB”). On May 13, 2013, the Company acquired Community National Bancorporation (“Community National”) and its banking subsidiary CNB. See Note 2 for additional information on the acquisition. QCBT, CRBT, and RB&T are all state-chartered commercial banks; while CNB is a national-chartered commercial bank. The Company also engages in direct financing lease contracts through its wholly-owned equity investment by QCBT in m2 Lease Funds, LLC (“m2 Lease Funds”). All material intercompany transactions and balances have been eliminated in consolidation. | |
New Accounting Pronouncements, Policy [Policy Text Block] | ' |
Recent accounting developments: In December 2011, the Financial Accounting Standards Board (“FASB”) issued ASU 2011-11, Balance Sheet (Topic 210) - Disclosures about Offsetting Assets and Liabilities. ASU 2011-11 requires entities to disclose both gross information and net information about both instruments and transactions eligible for offset in the balance sheet, and instruments and transactions subject to an agreement similar to a master netting arrangement. In January 2013, FASB issued ASU 2013-01, Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities. Both ASU 2011-11 and ASU 2013-01 were effective for annual periods beginning on or after January 1, 2013, and interim periods within those annual periods. Adoption did not have a significant impact on the Company’s consolidated financial statements. | |
In February 2013, FASB issued ASU 2013-02, Comprehensive Income (Topic 220) – Reporting of Amounts Reclassified out of Accumulated Other Comprehensive Income. ASU 2013-02 supersedes and replaces the presentation requirements for reclassifications out of accumulated other comprehensive income (“AOCI”) in ASUs 2011-05 and 2011-12, which were adopted by the Company during the current year. The amendments require an entity to provide information about the amounts reclassified out of AOCI by component. In addition, an entity is required to present, either on the face of the statement where net income is presented or in the notes, significant amounts reclassified out of AOCI by the respective line items of net income if the amount reclassified is required to be reclassified in its entirety in the same reporting period. For other amounts that are not required to be reclassified in their entirety to net income, an entity is required to cross-reference to other disclosures required. Adoption did not have a significant impact on the Company’s consolidated financial statements. | |
In July 2013, FASB issued ASU 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. ASU 2013-11 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. Management is in the process of evaluating the impact of ASU 2013-11 on the Company’s consolidated financial statements. | |
Reclassification, Policy [Policy Text Block] | ' |
Reclassifications: Certain amounts in the prior year consolidated financial statements have been reclassified, with no effect on net income or stockholders’ equity, to conform with the current period presentation. |
Note_2_Acquisition_of_Communit1
Note 2 - Acquisition of Community National Bancorporation and Community National Bank (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Disclosure Text Block Supplement [Abstract] | ' | ||||||||||||||||
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | ' | ||||||||||||||||
As of | |||||||||||||||||
13-May-13 | |||||||||||||||||
ASSETS | |||||||||||||||||
Cash and due from banks | $ | 9,286,757 | |||||||||||||||
Federal funds sold | 12,335,000 | ||||||||||||||||
Interest-bearing deposits at financial institutions | 2,024,539 | ||||||||||||||||
Securities available for sale | 45,853,826 | ||||||||||||||||
Loans/leases receivable, net | 195,658,486 | ||||||||||||||||
Premises and equipment | 8,132,021 | ||||||||||||||||
Core deposit intangible | 3,440,076 | ||||||||||||||||
Bank-owned life insurance | 4,595,529 | ||||||||||||||||
Restricted investment securities | 1,259,375 | ||||||||||||||||
Other real estate owned | 550,326 | ||||||||||||||||
Other assets | 5,178,583 | ||||||||||||||||
Total assets acquired | $ | 288,314,518 | |||||||||||||||
LIABILITIES | |||||||||||||||||
Deposits | $ | 255,045,071 | |||||||||||||||
Other borrowings | 3,950,000 | ||||||||||||||||
Junior subordinated debentures | 4,125,175 | ||||||||||||||||
Other liabilities | 3,911,053 | ||||||||||||||||
Total liabilties assumed | $ | 267,031,299 | |||||||||||||||
Net assets acquired | $ | 21,283,219 | |||||||||||||||
CONSIDERATION PAID: | |||||||||||||||||
Cash | $ | 6,261,684 | |||||||||||||||
Issuance of 834,715 shares of common stock | 13,180,150 | ||||||||||||||||
Total consideration paid | $ | 19,441,834 | |||||||||||||||
Bargain purchase gain | $ | 1,841,385 | |||||||||||||||
Business Acquisition, Pro Forma Information [Table Text Block] | ' | ||||||||||||||||
Three months ended | Nine months ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Interest income | $ | 21,394,747 | $ | 22,106,037 | $ | 63,759,583 | $ | 66,069,066 | |||||||||
Noninterest income | $ | 5,934,653 | $ | 4,816,132 | $ | 17,274,447 | $ | 14,288,314 | |||||||||
Net income | $ | 3,348,327 | $ | 3,538,764 | $ | 8,825,027 | $ | 10,692,534 | |||||||||
Net income attributable to QCR Holdings, Inc. common stockholders | $ | 2,537,490 | $ | 2,600,750 | $ | 6,392,515 | $ | 7,512,855 | |||||||||
Earnings per common share attributable to QCR Holdings, Inc. common stockholders | |||||||||||||||||
Basic | $ | 0.44 | $ | 0.45 | $ | 1.1 | $ | 1.29 | |||||||||
Diluted | $ | 0.43 | $ | 0.44 | $ | 1.08 | $ | 1.27 |
Note_3_Investment_Securities_T
Note 3 - Investment Securities (Tables) | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Investment Holdings [Abstract] | ' | ||||||||||||||||||||||||
Unrealized Gain (Loss) on Investments [Table Text Block] | ' | ||||||||||||||||||||||||
Amortized | Gross | Gross | Fair | ||||||||||||||||||||||
Cost | Unrealized | Unrealized | Value | ||||||||||||||||||||||
Gains | (Losses) | ||||||||||||||||||||||||
September 30, 2013: | |||||||||||||||||||||||||
Securities held to maturity: | |||||||||||||||||||||||||
Municipal securities | $ | 130,311,845 | $ | 456,156 | $ | (6,520,899 | ) | $ | 124,247,102 | ||||||||||||||||
Other securities | 1,050,000 | - | (4,740 | ) | 1,045,260 | ||||||||||||||||||||
$ | 131,361,845 | $ | 456,156 | $ | (6,525,639 | ) | $ | 125,292,362 | |||||||||||||||||
Securities available for sale: | |||||||||||||||||||||||||
U.S. govt. sponsored agency securities | $ | 383,193,241 | $ | 75,797 | $ | (15,744,151 | ) | $ | 367,524,887 | ||||||||||||||||
Residential mortgage-backed and related securities | 167,759,290 | 1,318,307 | (2,533,127 | ) | 166,544,470 | ||||||||||||||||||||
Municipal securities | 36,242,570 | 978,391 | (761,791 | ) | 36,459,170 | ||||||||||||||||||||
Other securities | 1,358,524 | 450,278 | - | 1,808,802 | |||||||||||||||||||||
$ | 588,553,625 | $ | 2,822,773 | $ | (19,039,069 | ) | $ | 572,337,329 | |||||||||||||||||
December 31, 2012: | |||||||||||||||||||||||||
Securities held to maturity: | |||||||||||||||||||||||||
Municipal securities | $ | 71,429,385 | $ | 997,969 | $ | (71,648 | ) | $ | 72,355,706 | ||||||||||||||||
Other securities | 650,000 | - | - | 650,000 | |||||||||||||||||||||
$ | 72,079,385 | $ | 997,969 | $ | (71,648 | ) | $ | 73,005,706 | |||||||||||||||||
Securities available for sale: | |||||||||||||||||||||||||
U.S. govt. sponsored agency securities | $ | 336,570,995 | $ | 2,198,655 | $ | (160,279 | ) | $ | 338,609,371 | ||||||||||||||||
Residential mortgage-backed and related securities | 160,035,196 | 3,736,821 | (170,914 | ) | 163,601,103 | ||||||||||||||||||||
Municipal securities | 24,508,015 | 1,696,555 | (18,834 | ) | 26,185,736 | ||||||||||||||||||||
Trust preferred securities | 86,200 | 53,200 | - | 139,400 | |||||||||||||||||||||
Other securities | 1,347,113 | 300,732 | (23,469 | ) | 1,624,376 | ||||||||||||||||||||
$ | 522,547,519 | $ | 7,985,963 | $ | (373,496 | ) | $ | 530,159,986 | |||||||||||||||||
Schedule of Unrealized Loss on Investments [Table Text Block] | ' | ||||||||||||||||||||||||
Less than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||
Fair | Gross | Fair | Gross | Fair | Gross | ||||||||||||||||||||
Value | Unrealized | Value | Unrealized | Value | Unrealized | ||||||||||||||||||||
Losses | Losses | Losses | |||||||||||||||||||||||
September 30, 2013: | |||||||||||||||||||||||||
Securities held to maturity: | |||||||||||||||||||||||||
Municipal securities | $ | 92,786,083 | $ | (6,520,899 | ) | $ | - | $ | - | $ | 92,786,083 | $ | (6,520,899 | ) | |||||||||||
Other securities | 495,260 | (4,740 | ) | - | - | 495,260 | (4,740 | ) | |||||||||||||||||
$ | 93,281,343 | $ | (6,525,639 | ) | $ | - | $ | - | $ | 93,281,343 | $ | (6,525,639 | ) | ||||||||||||
Securities available for sale: | |||||||||||||||||||||||||
U.S. govt. sponsored agency securities | $ | 351,006,164 | $ | (15,744,151 | ) | $ | - | $ | - | $ | 351,006,164 | $ | (15,744,151 | ) | |||||||||||
Residential mortgage-backed and related securities | 106,889,560 | (2,517,649 | ) | 1,279,117 | (15,478 | ) | 108,168,677 | (2,533,127 | ) | ||||||||||||||||
Municipal securities | 16,263,130 | (761,791 | ) | - | - | 16,263,130 | (761,791 | ) | |||||||||||||||||
$ | 474,158,854 | $ | (19,023,591 | ) | $ | 1,279,117 | $ | (15,478 | ) | $ | 475,437,971 | $ | (19,039,069 | ) | |||||||||||
December 31, 2012: | |||||||||||||||||||||||||
Securities held to maturity: | |||||||||||||||||||||||||
Municipal securities | $ | 4,282,352 | $ | (71,648 | ) | $ | - | $ | - | $ | 4,282,352 | $ | (71,648 | ) | |||||||||||
Securities available for sale: | |||||||||||||||||||||||||
U.S. govt. sponsored agency securities | $ | 55,621,718 | $ | (160,279 | ) | $ | - | $ | - | $ | 55,621,718 | $ | (160,279 | ) | |||||||||||
Residential mortgage-backed and related securities | 29,324,928 | (170,914 | ) | - | - | 29,324,928 | (170,914 | ) | |||||||||||||||||
Municipal securities | 1,039,625 | (18,834 | ) | - | - | 1,039,625 | (18,834 | ) | |||||||||||||||||
Other securities | - | - | 217,500 | (23,469 | ) | 217,500 | (23,469 | ) | |||||||||||||||||
$ | 85,986,271 | $ | (350,027 | ) | $ | 217,500 | $ | (23,469 | ) | $ | 86,203,771 | $ | (373,496 | ) | |||||||||||
Realized Gain (Loss) on Investments [Table Text Block] | ' | ||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||
September 30, | September 30, | September 30, | September 30, | ||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||
Proceeds from sales of securities | $ | 31,225,516 | $ | - | $ | 37,393,047 | $ | 19,215,075 | |||||||||||||||||
Pre-tax gross gains from sales of securities | 506,611 | - | 523,071 | 104,600 | |||||||||||||||||||||
Pre-tax gross losses from sales of securities | (89,675 | ) | - | (89,675 | ) | - | |||||||||||||||||||
Investments Classified by Contractual Maturity Date [Table Text Block] | ' | ||||||||||||||||||||||||
Amortized Cost | Fair Value | ||||||||||||||||||||||||
Securities held to maturity: | |||||||||||||||||||||||||
Due in one year or less | $ | 2,066,615 | $ | 2,066,245 | |||||||||||||||||||||
Due after one year through five years | 9,982,269 | 9,827,587 | |||||||||||||||||||||||
Due after one year through five years | 119,312,961 | 113,398,530 | |||||||||||||||||||||||
$ | 131,361,845 | $ | 125,292,362 | ||||||||||||||||||||||
Securities available for sale: | |||||||||||||||||||||||||
Due in one year or less | $ | 5,220,265 | $ | 5,231,685 | |||||||||||||||||||||
Due after one year through five years | 42,271,445 | 42,124,141 | |||||||||||||||||||||||
Due after five years | 371,944,101 | 356,628,231 | |||||||||||||||||||||||
$ | 419,435,811 | $ | 403,984,057 | ||||||||||||||||||||||
Residential mortgage-backed and related securities | 167,759,290 | 166,544,470 | |||||||||||||||||||||||
Other securities | 1,358,524 | 1,808,802 | |||||||||||||||||||||||
$ | 588,553,625 | $ | 572,337,329 | ||||||||||||||||||||||
Amortized Cost | Fair Value | ||||||||||||||||||||||||
Securities held to maturity: | |||||||||||||||||||||||||
Municipal securities | $ | 94,833,231 | $ | 89,637,985 | |||||||||||||||||||||
Securities available for sale: | |||||||||||||||||||||||||
U.S. govt. sponsored agency securities | 349,624,386 | 334,694,737 | |||||||||||||||||||||||
Municipal securities | 23,163,866 | 22,996,424 | |||||||||||||||||||||||
$ | 372,788,252 | $ | 357,691,161 |
Note_4_LoansLeases_Receivable_
Note 4 - Loans/Leases Receivable (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||||||
Note 4 - Loans/Leases Receivable (Tables) [Line Items] | ' | ||||||||||||||||||||||||||||||||
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
As of September 30, | As of December 31, | ||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||
Commercial and industrial loans | $ | 471,256,974 | $ | 394,244,252 | |||||||||||||||||||||||||||||
Commercial real estate loans | |||||||||||||||||||||||||||||||||
Owner-occupied commercial real estate | 259,500,453 | 204,911,308 | |||||||||||||||||||||||||||||||
Commercial construction, land development, and other land | 49,585,072 | 44,962,381 | |||||||||||||||||||||||||||||||
Other non owner-occupied commercial real estate | 405,615,528 | 344,105,550 | |||||||||||||||||||||||||||||||
714,701,053 | 593,979,239 | ||||||||||||||||||||||||||||||||
Direct financing leases * | 121,267,997 | 103,685,656 | |||||||||||||||||||||||||||||||
Residential real estate loans ** | 150,825,156 | 115,581,573 | |||||||||||||||||||||||||||||||
Installment and other consumer loans | 77,226,363 | 76,720,514 | |||||||||||||||||||||||||||||||
1,535,277,543 | 1,284,211,234 | ||||||||||||||||||||||||||||||||
Plus deferred loan/lease origination costs, net of fees | 4,106,282 | 3,176,405 | |||||||||||||||||||||||||||||||
1,539,383,825 | 1,287,387,639 | ||||||||||||||||||||||||||||||||
Less allowance for estimated losses on loans/leases | (22,062,389 | ) | (19,925,204 | ) | |||||||||||||||||||||||||||||
$ | 1,517,321,436 | $ | 1,267,462,435 | ||||||||||||||||||||||||||||||
* Direct financing leases: | |||||||||||||||||||||||||||||||||
Net minimum lease payments to be received | $ | 136,848,442 | $ | 117,719,380 | |||||||||||||||||||||||||||||
Estimated unguaranteed residual values of leased assets | 1,775,830 | 1,095,848 | |||||||||||||||||||||||||||||||
Unearned lease/residual income | (17,356,275 | ) | (15,129,572 | ) | |||||||||||||||||||||||||||||
121,267,997 | 103,685,656 | ||||||||||||||||||||||||||||||||
Plus deferred lease origination costs, net of fees | 4,514,946 | 3,907,140 | |||||||||||||||||||||||||||||||
125,782,943 | 107,592,796 | ||||||||||||||||||||||||||||||||
Less allowance for estimated losses on leases | (2,323,509 | ) | (1,990,395 | ) | |||||||||||||||||||||||||||||
$ | 123,459,434 | $ | 105,602,401 | ||||||||||||||||||||||||||||||
Past Due Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
As of September 30, 2013 | |||||||||||||||||||||||||||||||||
Classes of Loans/Leases | Current | 30-59 Days Past Due | 60-89 Days Past Due | Accruing Past | Nonaccrual Loans/Leases | Total | |||||||||||||||||||||||||||
Due 90 Days or More | |||||||||||||||||||||||||||||||||
Commercial and Industrial | $ | 466,597,618 | $ | 1,493,016 | $ | 208,603 | $ | - | $ | 2,957,737 | $ | 471,256,974 | |||||||||||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 257,258,899 | 41,296 | 58,933 | - | 2,141,325 | 259,500,453 | |||||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 46,919,007 | 1,506,409 | 509,601 | 59,975 | 590,080 | 49,585,072 | |||||||||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 391,773,134 | 515,680 | 346,985 | - | 12,979,729 | 405,615,528 | |||||||||||||||||||||||||||
Direct Financing Leases | 118,820,384 | 1,429,405 | 319,620 | - | 698,588 | 121,267,997 | |||||||||||||||||||||||||||
Residential Real Estate | 148,740,223 | 346,108 | 52,029 | - | 1,686,796 | 150,825,156 | |||||||||||||||||||||||||||
Installment and Other Consumer | 76,029,956 | 100,410 | 22,876 | 939 | 1,072,182 | 77,226,363 | |||||||||||||||||||||||||||
$ | 1,506,139,221 | $ | 5,432,324 | $ | 1,518,647 | $ | 60,914 | $ | 22,126,437 | $ | 1,535,277,543 | ||||||||||||||||||||||
As a percentage of total loan/lease portfolio | 98.1 | % | 0.35 | % | 0.1 | % | 0 | % | 1.44 | % | 100 | % | |||||||||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||||||||||
Classes of Loans/Leases | Current | 30-59 Days Past Due | 60-89 Days Past Due | Accruing Past | Nonaccrual Loans/Leases | Total | |||||||||||||||||||||||||||
Due 90 Days or More | |||||||||||||||||||||||||||||||||
Commercial and Industrial | $ | 388,825,307 | $ | 3,724,506 | $ | 9,940 | $ | 120,000 | $ | 1,564,499 | $ | 394,244,252 | |||||||||||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 204,141,070 | 142,993 | - | - | 627,245 | 204,911,308 | |||||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 42,180,819 | - | - | - | 2,781,562 | 44,962,381 | |||||||||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 332,644,532 | 86,986 | 1,111,856 | - | 10,262,176 | 344,105,550 | |||||||||||||||||||||||||||
Direct Financing Leases | 101,635,084 | 877,210 | 174,560 | - | 998,802 | 103,685,656 | |||||||||||||||||||||||||||
Residential Real Estate | 111,993,859 | 2,254,730 | 283,466 | - | 1,049,518 | 115,581,573 | |||||||||||||||||||||||||||
Installment and Other Consumer | 75,711,203 | 301,025 | 20,112 | 39,481 | 648,693 | 76,720,514 | |||||||||||||||||||||||||||
$ | 1,257,131,874 | $ | 7,387,450 | $ | 1,599,934 | $ | 159,481 | $ | 17,932,495 | $ | 1,284,211,234 | ||||||||||||||||||||||
As a percentage of total loan/lease portfolio | 97.89 | % | 0.58 | % | 0.12 | % | 0.01 | % | 1.4 | % | 100 | % | |||||||||||||||||||||
Schedule of Nonperforming Loans Leases [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
As of September 30, 2013 | |||||||||||||||||||||||||||||||||
Classes of Loans/Leases | Accruing Past Due 90 Days or More | Nonaccrual Loans/Leases * | Troubled Debt Restructurings - Accruing | Total Nonperforming Loans/Leases | Percentage of Total Nonperforming Loans/Leases | ||||||||||||||||||||||||||||
Commercial and Industrial | $ | - | $ | 2,957,737 | $ | 886,165 | $ | 3,843,902 | 15.42 | % | |||||||||||||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | - | 2,141,325 | - | 2,141,325 | 8.59 | % | |||||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 59,975 | 590,080 | 300,000 | 950,055 | 3.81 | % | |||||||||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | - | 12,979,729 | 809,162 | 13,788,891 | 55.32 | % | |||||||||||||||||||||||||||
Direct Financing Leases | - | 698,588 | - | 698,588 | 2.8 | % | |||||||||||||||||||||||||||
Residential Real Estate | - | 1,686,796 | 373,922 | 2,060,718 | 8.27 | % | |||||||||||||||||||||||||||
Installment and Other Consumer | 939 | 1,072,182 | 370,000 | 1,443,121 | 5.79 | % | |||||||||||||||||||||||||||
$ | 60,914 | $ | 22,126,437 | $ | 2,739,249 | $ | 24,926,600 | 100 | % | ||||||||||||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||||||||||
Classes of Loans/Leases | Accruing Past Due 90 Days or More | Nonaccrual Loans/Leases ** | Troubled Debt Restructurings - Accruing | Total Nonperforming Loans/Leases | Percentage of Total Nonperforming Loans/Leases | ||||||||||||||||||||||||||||
Commercial and Industrial | $ | 120,000 | $ | 1,564,499 | $ | 184,084 | $ | 1,868,583 | 7.36 | % | |||||||||||||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | - | 627,245 | - | 627,245 | 2.47 | % | |||||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | - | 2,781,562 | 1,016,023 | 3,797,585 | 14.96 | % | |||||||||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | - | 10,262,176 | 5,820,765 | 16,082,941 | 63.34 | % | |||||||||||||||||||||||||||
Direct Financing Leases | - | 998,802 | - | 998,802 | 3.93 | % | |||||||||||||||||||||||||||
Residential Real Estate | - | 1,049,518 | 167,739 | 1,217,257 | 4.79 | % | |||||||||||||||||||||||||||
Installment and Other Consumer | 39,481 | 648,693 | 110,982 | 799,156 | 3.15 | % | |||||||||||||||||||||||||||
$ | 159,481 | $ | 17,932,495 | $ | 7,299,593 | $ | 25,391,569 | 100 | % | ||||||||||||||||||||||||
Allowance for Credit Losses on Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2013 | |||||||||||||||||||||||||||||||||
Commercial and Industrial | Commercial Real Estate | Direct Financing Leases | Residential Real Estate | Installment and Other Consumer | Total | ||||||||||||||||||||||||||||
Balance, beginning | $ | 4,790,828 | $ | 12,190,497 | $ | 2,187,605 | $ | 1,165,341 | $ | 822,108 | $ | 21,156,379 | |||||||||||||||||||||
Provisions charged to expense | 765,582 | 88,761 | 338,984 | 102,523 | 71,134 | 1,366,984 | |||||||||||||||||||||||||||
Loans/leases charged off | (214,920 | ) | (443,721 | ) | (203,724 | ) | (13,599 | ) | (51,673 | ) | (927,637 | ) | |||||||||||||||||||||
Recoveries on loans/leases previously charged off | 26,034 | 375,325 | 644 | 13,240 | 51,420 | 466,663 | |||||||||||||||||||||||||||
Balance, ending | $ | 5,367,524 | $ | 12,210,862 | $ | 2,323,509 | $ | 1,267,505 | $ | 892,989 | $ | 22,062,389 | |||||||||||||||||||||
Three Months Ended September 30, 2012 | |||||||||||||||||||||||||||||||||
Commercial and Industrial | Commercial Real Estate | Direct Financing Leases | Residential Real Estate | Installment and Other Consumer | Total | ||||||||||||||||||||||||||||
Balance, beginning | $ | 4,180,792 | $ | 10,709,991 | $ | 1,610,999 | $ | 986,714 | $ | 1,236,039 | $ | 18,724,535 | |||||||||||||||||||||
Provisions charged to expense | 136,766 | 721,358 | 350,194 | 233,226 | 54,650 | 1,496,194 | |||||||||||||||||||||||||||
Loans/leases charged off | (214,036 | ) | (552,959 | ) | (111,326 | ) | (183,031 | ) | (88,378 | ) | (1,149,730 | ) | |||||||||||||||||||||
Recoveries on loans/leases previously charged off | 69,959 | 175,467 | 35,118 | - | 65,205 | 345,749 | |||||||||||||||||||||||||||
Balance, ending | $ | 4,173,481 | $ | 11,053,857 | $ | 1,884,985 | $ | 1,036,909 | $ | 1,267,516 | $ | 19,416,748 | |||||||||||||||||||||
Nine Months Ended September 30, 2013 | |||||||||||||||||||||||||||||||||
Commercial and Industrial | Commercial Real Estate | Direct Financing Leases | Residential Real Estate | Installment and Other Consumer | Total | ||||||||||||||||||||||||||||
Balance, beginning | $ | 4,531,545 | $ | 11,069,502 | $ | 1,990,395 | $ | 1,070,328 | $ | 1,263,434 | $ | 19,925,204 | |||||||||||||||||||||
Provisions charged to expense | 1,026,073 | 1,875,132 | 1,057,744 | 307,196 | (321,242 | ) | 3,944,903 | ||||||||||||||||||||||||||
Loans/leases charged off | (253,820 | ) | (1,264,446 | ) | (726,395 | ) | (126,490 | ) | (192,160 | ) | (2,563,311 | ) | |||||||||||||||||||||
Recoveries on loans/leases previously charged off | 63,726 | 530,674 | 1,765 | 16,471 | 142,957 | 755,593 | |||||||||||||||||||||||||||
Balance, ending | $ | 5,367,524 | $ | 12,210,862 | $ | 2,323,509 | $ | 1,267,505 | $ | 892,989 | $ | 22,062,389 | |||||||||||||||||||||
Nine Months Ended September 30, 2012 | |||||||||||||||||||||||||||||||||
Commercial and Industrial | Commercial Real Estate | Direct Financing Leases | Residential Real Estate | Installment and Other Consumer | Total | ||||||||||||||||||||||||||||
Balance, beginning | $ | 4,878,006 | $ | 10,596,958 | $ | 1,339,496 | $ | 704,946 | $ | 1,269,856 | $ | 18,789,262 | |||||||||||||||||||||
Provisions charged to expense | (637,852 | ) | 2,254,732 | 924,109 | 519,751 | 264,369 | 3,325,109 | ||||||||||||||||||||||||||
Loans/leases charged off | (669,778 | ) | (1,980,946 | ) | (454,590 | ) | (187,788 | ) | (416,179 | ) | (3,709,281 | ) | |||||||||||||||||||||
Recoveries on loans/leases previously charged off | 603,105 | 183,113 | 75,970 | - | 149,470 | 1,011,658 | |||||||||||||||||||||||||||
Balance, ending | $ | 4,173,481 | $ | 11,053,857 | $ | 1,884,985 | $ | 1,036,909 | $ | 1,267,516 | $ | 19,416,748 | |||||||||||||||||||||
As of September 30, 2013 | |||||||||||||||||||||||||||||||||
Commercial and Industrial | Commercial Real Estate | Direct Financing Leases | Residential Real Estate | Installment and Other Consumer | Total | ||||||||||||||||||||||||||||
Allowance for loans/leases individually evaluated for impairment | $ | 1,112,008 | $ | 4,987,850 | $ | 134,533 | $ | 206,700 | $ | 52,567 | $ | 6,493,658 | |||||||||||||||||||||
Allowance for loans/leases collectively evaluated for impairment | 4,255,516 | 7,223,012 | 2,188,976 | 1,060,805 | 840,422 | 15,568,731 | |||||||||||||||||||||||||||
$ | 5,367,524 | $ | 12,210,862 | $ | 2,323,509 | $ | 1,267,505 | $ | 892,989 | $ | 22,062,389 | ||||||||||||||||||||||
Loans/leases individually evaluated for impairment | $ | 2,574,217 | $ | 16,517,483 | $ | 698,588 | $ | 2,060,718 | $ | 1,442,182 | $ | 23,293,188 | |||||||||||||||||||||
Loans/leases collectively evaluated for impairment | 468,682,757 | 698,183,570 | 120,569,409 | 148,764,438 | 75,784,181 | 1,511,984,355 | |||||||||||||||||||||||||||
$ | 471,256,974 | $ | 714,701,053 | $ | 121,267,997 | $ | 150,825,156 | $ | 77,226,363 | $ | 1,535,277,543 | ||||||||||||||||||||||
Allowance as a percentage of loans/leases individually evaluated for impairment | 43.2 | % | 30.2 | % | 19.26 | % | 10.03 | % | 3.64 | % | 27.88 | % | |||||||||||||||||||||
Allowance as a percentage of loans/leases collectively evaluated for impairment | 0.91 | % | 1.03 | % | 1.82 | % | 0.71 | % | 1.11 | % | 1.03 | % | |||||||||||||||||||||
1.14 | % | 1.71 | % | 1.92 | % | 0.84 | % | 1.16 | % | 1.43 | % | ||||||||||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||||||||||
Commercial and Industrial | Commercial Real Estate | Direct Financing Leases | Residential Real Estate | Installment and Other Consumer | Total | ||||||||||||||||||||||||||||
Allowance for loans/leases individually evaluated for impairment | $ | 280,170 | $ | 4,005,042 | $ | 125,000 | $ | 105,565 | $ | 71,992 | $ | 4,587,769 | |||||||||||||||||||||
Allowance for loans/leases collectively evaluated for impairment | 4,251,375 | 7,064,460 | 1,865,395 | 964,763 | 1,191,442 | 15,337,435 | |||||||||||||||||||||||||||
$ | 4,531,545 | $ | 11,069,502 | $ | 1,990,395 | $ | 1,070,328 | $ | 1,263,434 | $ | 19,925,204 | ||||||||||||||||||||||
Loans/leases individually evaluated for impairment | $ | 1,006,952 | $ | 20,383,846 | $ | 998,802 | $ | 1,217,256 | $ | 687,355 | $ | 24,294,211 | |||||||||||||||||||||
Loans/leases collectively evaluated for impairment | 393,237,300 | 573,595,393 | 102,686,854 | 114,364,317 | 76,033,159 | 1,259,917,023 | |||||||||||||||||||||||||||
$ | 394,244,252 | $ | 593,979,239 | $ | 103,685,656 | $ | 115,581,573 | $ | 76,720,514 | $ | 1,284,211,234 | ||||||||||||||||||||||
Allowance as a percentage of loans/leases individually evaluated for impairment | 27.82 | % | 19.65 | % | 12.51 | % | 8.67 | % | 10.47 | % | 18.88 | % | |||||||||||||||||||||
Allowance as a percentage of loans/leases collectively evaluated for impairment | 1.08 | % | 1.23 | % | 1.82 | % | 0.84 | % | 1.57 | % | 1.22 | % | |||||||||||||||||||||
1.15 | % | 1.86 | % | 1.92 | % | 0.93 | % | 1.65 | % | 1.55 | % | ||||||||||||||||||||||
Impaired Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
Classes of Loans/Leases | Recorded Investment | Unpaid Principal Balance | Related Allowance | Average Recorded Investment | Interest Income Recognized | Interest Income Recognized for Cash Payments Received | |||||||||||||||||||||||||||
Impaired Loans/Leases with No Specific Allowance Recorded: | |||||||||||||||||||||||||||||||||
Commercial and Industrial | $ | 701,450 | $ | 1,108,661 | $ | - | $ | 796,262 | $ | 5,811 | $ | 5,811 | |||||||||||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 705,653 | 705,653 | - | 1,517,083 | - | - | |||||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 1,760,962 | 1,760,962 | - | 2,031,439 | - | - | |||||||||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 1,584,704 | 1,584,704 | - | 2,807,422 | 41,127 | 41,127 | |||||||||||||||||||||||||||
Direct Financing Leases | 460,298 | 460,298 | - | 812,758 | - | - | |||||||||||||||||||||||||||
Residential Real Estate | 1,404,241 | 1,404,241 | - | 1,033,428 | - | - | |||||||||||||||||||||||||||
Installment and Other Consumer | 1,004,643 | 1,004,643 | - | 863,712 | 6,801 | 6,801 | |||||||||||||||||||||||||||
$ | 7,621,951 | $ | 8,029,162 | $ | - | $ | 9,862,104 | $ | 53,739 | $ | 53,739 | ||||||||||||||||||||||
Impaired Loans/Leases with Specific Allowance Recorded: | |||||||||||||||||||||||||||||||||
Commercial and Industrial | $ | 1,872,767 | $ | 1,886,717 | $ | 1,112,008 | $ | 1,044,843 | $ | 24,647 | $ | 24,647 | |||||||||||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 1,325,513 | 2,170,954 | 461,491 | 633,230 | - | - | |||||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 1,882,762 | 1,882,762 | 1,842,784 | 1,874,976 | 7,411 | 7,411 | |||||||||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 9,257,889 | 9,510,848 | 2,683,575 | 8,673,807 | 30,957 | 30,957 | |||||||||||||||||||||||||||
Direct Financing Leases | 238,290 | 238,290 | 134,533 | 89,468 | - | - | |||||||||||||||||||||||||||
Residential Real Estate | 656,477 | 656,477 | 206,700 | 410,364 | 801 | 801 | |||||||||||||||||||||||||||
Installment and Other Consumer | 437,539 | 437,539 | 52,567 | 334,233 | - | - | |||||||||||||||||||||||||||
$ | 15,671,237 | $ | 16,783,587 | $ | 6,493,658 | $ | 13,060,921 | $ | 63,816 | $ | 63,816 | ||||||||||||||||||||||
Total Impaired Loans/Leases: | |||||||||||||||||||||||||||||||||
Commercial and Industrial | $ | 2,574,217 | $ | 2,995,378 | $ | 1,112,008 | $ | 1,841,105 | $ | 30,458 | $ | 30,458 | |||||||||||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 2,031,166 | 2,876,607 | 461,491 | 2,150,313 | - | - | |||||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 3,643,724 | 3,643,724 | 1,842,784 | 3,906,415 | 7,411 | 7,411 | |||||||||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 10,842,593 | 11,095,552 | 2,683,575 | 11,481,229 | 72,084 | 72,084 | |||||||||||||||||||||||||||
Direct Financing Leases | 698,588 | 698,588 | 134,533 | 902,226 | - | - | |||||||||||||||||||||||||||
Residential Real Estate | 2,060,718 | 2,060,718 | 206,700 | 1,443,792 | 801 | 801 | |||||||||||||||||||||||||||
Installment and Other Consumer | 1,442,182 | 1,442,182 | 52,567 | 1,197,945 | 6,801 | 6,801 | |||||||||||||||||||||||||||
$ | 23,293,188 | $ | 24,812,749 | $ | 6,493,658 | $ | 22,923,025 | $ | 117,555 | $ | 117,555 | ||||||||||||||||||||||
Three Months Ended September 30, 2013 | Three Months Ended September 30, 2012 | ||||||||||||||||||||||||||||||||
Classes of Loans/Leases | Average Recorded Investment | Interest Income Recognized | Interest Income Recognized for Cash Payments Received | Average Recorded Investment | Interest Income Recognized | Interest Income Recognized for Cash Payments Received | |||||||||||||||||||||||||||
Impaired Loans/Leases with No Specific Allowance Recorded: | |||||||||||||||||||||||||||||||||
Commercial and Industrial | $ | 834,405 | $ | 1,950 | $ | 1,950 | $ | 754,844 | $ | - | $ | - | |||||||||||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 2,295,969 | - | - | 550,725 | - | - | |||||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 1,943,718 | - | - | 1,323,689 | 1,701 | 1,701 | |||||||||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 1,739,053 | 354 | 354 | 5,798,404 | - | - | |||||||||||||||||||||||||||
Direct Financing Leases | 527,153 | - | - | 680,817 | - | - | |||||||||||||||||||||||||||
Residential Real Estate | 1,273,943 | - | - | 943,926 | 1,691 | 1,691 | |||||||||||||||||||||||||||
Installment and Other Consumer | 1,012,035 | 1,689 | 1,689 | 1,063,519 | 121 | 121 | |||||||||||||||||||||||||||
$ | 9,626,276 | $ | 3,993 | $ | 3,993 | $ | 11,115,924 | $ | 3,513 | $ | 3,513 | ||||||||||||||||||||||
Impaired Loans/Leases with Specific Allowance Recorded: | |||||||||||||||||||||||||||||||||
Commercial and Industrial | $ | 1,913,841 | $ | 9,340 | $ | 9,340 | $ | 223,917 | $ | 1,984 | $ | 1,984 | |||||||||||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 1,181,798 | - | - | - | - | - | |||||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 1,897,759 | 1,992 | 1,992 | 2,157,696 | - | - | |||||||||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 8,893,535 | 26,484 | 26,484 | 12,036,134 | 86,744 | 86,744 | |||||||||||||||||||||||||||
Direct Financing Leases | 172,428 | - | - | 210,299 | - | - | |||||||||||||||||||||||||||
Residential Real Estate | 561,752 | 801 | 801 | 524,031 | - | - | |||||||||||||||||||||||||||
Installment and Other Consumer | 422,808 | - | - | 68,898 | - | - | |||||||||||||||||||||||||||
$ | 15,043,921 | $ | 38,617 | $ | 38,617 | $ | 15,220,975 | $ | 88,728 | $ | 88,728 | ||||||||||||||||||||||
Total Impaired Loans/Leases: | |||||||||||||||||||||||||||||||||
Commercial and Industrial | $ | 2,748,246 | $ | 11,290 | $ | 11,290 | $ | 978,761 | $ | 1,984 | $ | 1,984 | |||||||||||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 3,477,767 | - | - | 550,725 | - | - | |||||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 3,841,477 | 1,992 | 1,992 | 3,481,385 | 1,701 | 1,701 | |||||||||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 10,632,588 | 26,838 | 26,838 | 17,834,538 | 86,744 | 86,744 | |||||||||||||||||||||||||||
Direct Financing Leases | 699,581 | - | - | 891,116 | - | - | |||||||||||||||||||||||||||
Residential Real Estate | 1,835,695 | 801 | 801 | 1,467,957 | 1,691 | 1,691 | |||||||||||||||||||||||||||
Installment and Other Consumer | 1,434,843 | 1,689 | 1,689 | 1,132,417 | 121 | 121 | |||||||||||||||||||||||||||
$ | 24,670,197 | $ | 42,610 | $ | 42,610 | $ | 26,336,899 | $ | 92,241 | $ | 92,241 | ||||||||||||||||||||||
' | |||||||||||||||||||||||||||||||||
Classes of Loans/Leases | Recorded | Unpaid | Related | ||||||||||||||||||||||||||||||
Investment | Principal | Allowance | |||||||||||||||||||||||||||||||
Balance | |||||||||||||||||||||||||||||||||
Impaired Loans/Leases with No Specific Allowance Recorded: | |||||||||||||||||||||||||||||||||
Commercial and Industrial | $ | 438,355 | $ | 1,203,710 | $ | - | |||||||||||||||||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 503,321 | 503,321 | - | ||||||||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 678,523 | 678,523 | - | ||||||||||||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 495,702 | 495,702 | - | ||||||||||||||||||||||||||||||
Direct Financing Leases | 777,645 | 777,645 | - | ||||||||||||||||||||||||||||||
Residential Real Estate | 944,211 | 1,127,242 | - | ||||||||||||||||||||||||||||||
Installment and Other Consumer | 534,368 | 534,368 | - | ||||||||||||||||||||||||||||||
$ | 4,372,125 | $ | 5,320,511 | $ | - | ||||||||||||||||||||||||||||
Impaired Loans/Leases with Specific Allowance Recorded: | |||||||||||||||||||||||||||||||||
Commercial and Industrial | $ | 568,597 | $ | 590,849 | $ | 280,170 | |||||||||||||||||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | - | - | - | ||||||||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 3,967,583 | 3,967,583 | 1,105,795 | ||||||||||||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 14,738,717 | 14,991,676 | 2,899,247 | ||||||||||||||||||||||||||||||
Direct Financing Leases | 221,157 | 221,157 | 125,000 | ||||||||||||||||||||||||||||||
Residential Real Estate | 273,045 | 273,045 | 105,565 | ||||||||||||||||||||||||||||||
Installment and Other Consumer | 152,987 | 152,987 | 71,992 | ||||||||||||||||||||||||||||||
$ | 19,922,086 | $ | 20,197,297 | $ | 4,587,769 | ||||||||||||||||||||||||||||
Total Impaired Loans/Leases: | |||||||||||||||||||||||||||||||||
Commercial and Industrial | $ | 1,006,952 | $ | 1,794,559 | $ | 280,170 | |||||||||||||||||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 503,321 | 503,321 | - | ||||||||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 4,646,106 | 4,646,106 | 1,105,795 | ||||||||||||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 15,234,419 | 15,487,378 | 2,899,247 | ||||||||||||||||||||||||||||||
Direct Financing Leases | 998,802 | 998,802 | 125,000 | ||||||||||||||||||||||||||||||
Residential Real Estate | 1,217,256 | 1,400,287 | 105,565 | ||||||||||||||||||||||||||||||
Installment and Other Consumer | 687,355 | 687,355 | 71,992 | ||||||||||||||||||||||||||||||
$ | 24,294,211 | $ | 25,517,808 | $ | 4,587,769 | ||||||||||||||||||||||||||||
Financing Receivable Credit Quality Indicators [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
As of September 30, 2013 | |||||||||||||||||||||||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||||||||||
Non Owner-Occupied | |||||||||||||||||||||||||||||||||
Internally Assigned Risk Rating | Commercial and Industrial | Owner-Occupied Commercial Real Estate | Commercial Construction, Land Development, and Other Land | Other Commercial Real Estate | Total | ||||||||||||||||||||||||||||
Pass (Ratings 1 through 5) | $ | 445,104,945 | $ | 249,985,030 | $ | 36,776,727 | $ | 374,036,916 | $ | 1,105,903,618 | |||||||||||||||||||||||
Special Mention (Rating 6) | 11,374,381 | 3,261,364 | 5,292,606 | 9,717,356 | 29,645,707 | ||||||||||||||||||||||||||||
Substandard (Rating 7) | 14,733,895 | 6,095,333 | 7,515,739 | 21,861,256 | 50,206,223 | ||||||||||||||||||||||||||||
Doubtful (Rating 8) | 43,753 | 158,726 | - | - | 202,479 | ||||||||||||||||||||||||||||
$ | 471,256,974 | $ | 259,500,453 | $ | 49,585,072 | $ | 405,615,528 | $ | 1,185,958,027 | ||||||||||||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||||||||||
Non Owner-Occupied | |||||||||||||||||||||||||||||||||
Internally Assigned Risk Rating | Commercial and Industrial | Owner-Occupied Commercial Real Estate | Commercial Construction, Land Development, and Other Land | Other Commercial Real Estate | Total | ||||||||||||||||||||||||||||
Pass (Ratings 1 through 5) | $ | 371,856,380 | $ | 195,567,523 | $ | 38,125,793 | $ | 312,370,393 | $ | 917,920,089 | |||||||||||||||||||||||
Special Mention (Rating 6) | 8,008,866 | 5,488,602 | 1,238,152 | 7,319,902 | 22,055,522 | ||||||||||||||||||||||||||||
Substandard (Rating 7) | 14,379,006 | 3,855,183 | 5,598,436 | 24,415,255 | 48,247,880 | ||||||||||||||||||||||||||||
Doubtful (Rating 8) | - | - | - | - | - | ||||||||||||||||||||||||||||
$ | 394,244,252 | $ | 204,911,308 | $ | 44,962,381 | $ | 344,105,550 | $ | 988,223,491 | ||||||||||||||||||||||||
Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
As of September 30, 2013 | |||||||||||||||||||||||||||||||||
Delinquency Status * | Direct Financing Leases | Residential Real Estate | Installment and Other Consumer | Total | |||||||||||||||||||||||||||||
Performing | $ | 120,569,409 | $ | 148,764,438 | $ | 75,783,242 | $ | 345,117,089 | |||||||||||||||||||||||||
Nonperforming | 698,588 | 2,060,718 | 1,443,121 | 4,202,427 | |||||||||||||||||||||||||||||
$ | 121,267,997 | $ | 150,825,156 | $ | 77,226,363 | $ | 349,319,516 | ||||||||||||||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||||||||||
Delinquency Status * | Direct Financing Leases | Residential Real Estate | Installment and Other Consumer | Total | |||||||||||||||||||||||||||||
Performing | $ | 102,686,854 | $ | 114,364,316 | $ | 75,921,358 | $ | 292,972,528 | |||||||||||||||||||||||||
Nonperforming | 998,802 | 1,217,257 | 799,156 | 3,015,215 | |||||||||||||||||||||||||||||
$ | 103,685,656 | $ | 115,581,573 | $ | 76,720,514 | $ | 295,987,743 | ||||||||||||||||||||||||||
Three Months Ended [Member] | ' | ||||||||||||||||||||||||||||||||
Note 4 - Loans/Leases Receivable (Tables) [Line Items] | ' | ||||||||||||||||||||||||||||||||
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
For the three months ended September 30, 2013 | For the three months ended September 30, 2012 | ||||||||||||||||||||||||||||||||
Classes of Loans/Leases | Number of Loans / Leases | Pre-Modification Recorded Investment | Post-Modification Recorded Investment | Specific Allowance | Number of Loans / Leases | Pre-Modification Recorded Investment | Post-Modification Recorded Investment | Specific Allowance | |||||||||||||||||||||||||
CONCESSION - Extension of maturity | |||||||||||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 1 | $ | 61,517 | $ | 61,517 | $ | - | - | $ | - | $ | - | $ | - | |||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 7 | 6,637,835 | 6,637,835 | 1,518,303 | 4 | 1,184,289 | 1,184,289 | 325,923 | |||||||||||||||||||||||||
8 | $ | 6,699,352 | $ | 6,699,352 | $ | 1,518,303 | 4 | $ | 1,184,289 | $ | 1,184,289 | $ | 325,923 | ||||||||||||||||||||
CONCESSION - Interest rate adjusted below market | |||||||||||||||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | - | $ | - | $ | - | $ | - | 2 | $ | 1,542,784 | $ | 1,289,825 | $ | 55,187 | |||||||||||||||||||
Residential Real Estate | 1 | 79,661 | 79,661 | 24,408 | - | - | - | - | |||||||||||||||||||||||||
1 | $ | 79,661 | $ | 79,661 | $ | 24,408 | - | $ | - | $ | - | $ | - | ||||||||||||||||||||
TOTAL | 9 | $ | 6,779,013 | $ | 6,779,013 | $ | 1,542,711 | 4 | $ | 1,184,289 | $ | 1,184,289 | $ | 325,923 | |||||||||||||||||||
Nine Months Ended [Member] | ' | ||||||||||||||||||||||||||||||||
Note 4 - Loans/Leases Receivable (Tables) [Line Items] | ' | ||||||||||||||||||||||||||||||||
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
For the nine months ended September 30, 2013 | For the nine months ended September 30, 2012 | ||||||||||||||||||||||||||||||||
Classes of Loans/Leases | Number of Loans / Leases | Pre-Modification Recorded Investment | Post-Modification Recorded Investment | Specific Allowance | Number of Loans / Leases | Pre-Modification Recorded Investment | Post-Modification Recorded Investment | Specific Allowance | |||||||||||||||||||||||||
CONCESSION - Extension of maturity | |||||||||||||||||||||||||||||||||
Commercial and Industrial | 3 | $ | 809,494 | $ | 809,494 | $ | 188,700 | - | $ | - | $ | - | $ | - | |||||||||||||||||||
Owner-Occupied Commercial Real Estate | 1 | 61,517 | 61,517 | - | - | - | - | - | |||||||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 7 | 6,637,835 | 6,637,835 | 1,518,303 | 4 | 1,184,289 | 1,184,289 | 325,923 | |||||||||||||||||||||||||
11 | $ | 7,508,846 | $ | 7,508,846 | $ | 1,707,003 | 4 | $ | 1,184,289 | $ | 1,184,289 | $ | 325,923 | ||||||||||||||||||||
CONCESSION - Significant payment delay | |||||||||||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 1 | $ | 47,958 | $ | 47,958 | $ | - | - | $ | - | $ | - | $ | - | |||||||||||||||||||
Residential Real Estate | 1 | 91,581 | 91,581 | - | - | - | - | - | |||||||||||||||||||||||||
Installment and Other Consumer | 1 | 370,000 | 370,000 | - | - | - | - | - | |||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | - | - | - | - | 2 | 200,000 | 200,000 | 144,000 | |||||||||||||||||||||||||
3 | $ | 509,539 | $ | 509,539 | $ | - | 2 | $ | 200,000 | $ | 200,000 | $ | 144,000 | ||||||||||||||||||||
CONCESSION - Interest rate adjusted below market | |||||||||||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 1 | $ | 337,500 | $ | 337,500 | $ | - | 1 | $ | 337,500 | $ | 337,500 | $ | - | |||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | - | - | - | - | 2 | 1,542,784 | 1,289,825 | 55,187 | |||||||||||||||||||||||||
Residential Real Estate | 2 | 240,288 | 240,288 | 24,408 | 1 | 167,739 | 167,739 | - | |||||||||||||||||||||||||
Installment and Other Consumer | - | - | - | - | 1 | 16,043 | 16,043 | - | |||||||||||||||||||||||||
3 | $ | 577,788 | $ | 577,788 | $ | 24,408 | 5 | $ | 2,064,066 | $ | 1,811,107 | $ | 55,187 | ||||||||||||||||||||
TOTAL | 17 | $ | 8,596,173 | $ | 8,596,173 | $ | 1,731,411 | 11 | $ | 3,448,355 | $ | 3,195,396 | $ | 525,110 |
Note_5_Junior_Subordinated_Deb1
Note 5 - Junior Subordinated Debentures (Tables) | 9 Months Ended | ||||||||||||||
Sep. 30, 2013 | |||||||||||||||
Debt Disclosure [Abstract] | ' | ||||||||||||||
Schedule of Debt [Table Text Block] | ' | ||||||||||||||
2013 | 2012 | ||||||||||||||
Note Payable to QCR Holdings Capital Trust II | $ | 12,372,000 | $ | 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 | - | |||||||||||||
Note Payable to Community National Trust III | 3,609,000 | - | |||||||||||||
Market Value Discount per ASC 805 | (2,529,562 | ) | - | ||||||||||||
$ | 40,257,438 | $ | 36,085,000 | ||||||||||||
Schedule of Long-term Debt Instruments [Table Text Block] | ' | ||||||||||||||
Name | Date Issued | Amount Issued | Interest Rate | Interest Rate as of 9/30/2013 | Interest Rate as of 12/31/2012 | ||||||||||
QCR Holdings Statutory Trust II | Feb-04 | $ | 12,372,000 | 2.85% over 3-month LIBOR | 3.12% | 3.21% | |||||||||
QCR Holdings Statutory Trust III | Feb-04 | 8,248,000 | 2.85% over 3-month LIBOR | 3.12% | 3.21% | ||||||||||
QCR Holdings Statutory Trust IV | May-05 | 5,155,000 | 1.80% over 3-month LIBOR | 2.07% | 2.14% | ||||||||||
QCR Holdings Statutory Trust V | Feb-06 | 10,310,000 | 1.55% over 3-month LIBOR | 1.82% | 1.89% | ||||||||||
Community National Statutory Trust II | Sep-04 | 3,093,000 | 2.17% over 3-month LIBOR | 2.42% | N/A | ||||||||||
Community National Statutory Trust III | Mar-07 | 3,609,000 | 1.75% over 3-month LIBOR | 2.00% | N/A | ||||||||||
$ | 42,787,000 | Weighted Average Rate | 2.54% | 2.68% |
Note_6_Earnings_Per_Share_Tabl
Note 6 - Earnings Per Share (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||||||
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | ' | ||||||||||||||||
Three months ended | Nine months ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Net income | $ | 3,811,944 | $ | 3,184,510 | $ | 11,122,319 | $ | 9,860,738 | |||||||||
Less: Net income attributable to noncontrolling interests | - | 127,177 | - | 494,431 | |||||||||||||
Net income attributable to QCR Holdings, Inc. | $ | 3,811,944 | $ | 3,057,333 | $ | 11,122,319 | $ | 9,366,307 | |||||||||
Less: Preferred stock dividends | 810,837 | 810,837 | 2,432,512 | 2,685,248 | |||||||||||||
Net income attributable to QCR Holdings, Inc. common stockholders | $ | 3,001,107 | $ | 2,246,496 | $ | 8,689,807 | $ | 6,681,059 | |||||||||
Earnings per common share attributable to QCR Holdings, Inc. common stockholders | |||||||||||||||||
Basic | $ | 0.52 | $ | 0.45 | $ | 1.62 | $ | 1.37 | |||||||||
Diluted | $ | 0.51 | $ | 0.44 | $ | 1.59 | $ | 1.35 | |||||||||
Weighted average common shares outstanding | 5,806,019 | 4,978,699 | 5,375,557 | 4,871,626 | |||||||||||||
Weighted average common shares issuable upon exercise of stock options and under the employee stock purchase plan | 109,260 | 101,589 | 106,741 | 66,888 | |||||||||||||
Weighted average common and common equivalent shares outstanding | 5,915,279 | 5,080,288 | 5,482,298 | 4,938,514 |
Note_7_Business_Segment_Inform1
Note 7 - Business Segment Information (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||||||||||||||||||
Schedule of Segment Reporting Information, by Segment [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
Commercial Banking | |||||||||||||||||||||||||||||||||
Quad City | Cedar Rapids | Rockford | Community | Wealth | Intercompany | Consolidated | |||||||||||||||||||||||||||
Bank & Trust | Bank & Trust | Bank & Trust | National Bank | Management | All Other | Eliminations | Total | ||||||||||||||||||||||||||
Three Months Ended September 30, 2013 | |||||||||||||||||||||||||||||||||
Total revenue | $ | 12,610,738 | $ | 6,614,689 | $ | 3,457,684 | $ | 3,391,981 | $ | 1,946,795 | $ | 5,398,152 | $ | (5,489,143 | ) | $ | 27,930,896 | ||||||||||||||||
Net interest income | $ | 8,494,707 | $ | 4,100,494 | $ | 2,421,255 | $ | 2,782,513 | $ | - | $ | (488,633 | ) | $ | - | $ | 17,310,336 | ||||||||||||||||
Net income attributable to QCR Holdings, Inc. | $ | 2,541,293 | $ | 1,626,220 | $ | 445,521 | $ | 315,587 | $ | 458,813 | $ | 3,811,944 | $ | (5,387,434 | ) | $ | 3,811,944 | ||||||||||||||||
Total assets | $ | 1,248,417,915 | $ | 651,239,436 | $ | 333,804,180 | $ | 276,428,086 | $ | - | $ | 214,875,126 | $ | (239,050,305 | ) | $ | 2,485,714,438 | ||||||||||||||||
Provision for loan/lease losses | $ | 674,984 | $ | - | $ | 112,000 | $ | 580,000 | $ | - | $ | - | $ | - | $ | 1,366,984 | |||||||||||||||||
Goodwill | $ | 3,222,688 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 3,222,688 | |||||||||||||||||
Core deposit intangible | $ | - | $ | - | $ | - | $ | 3,311,073 | $ | - | $ | - | $ | - | $ | 3,311,073 | |||||||||||||||||
Three Months Ended September 30, 2012 | |||||||||||||||||||||||||||||||||
Total revenue | $ | 11,643,674 | $ | 6,706,485 | $ | 2,897,098 | $ | - | $ | 1,490,297 | $ | 4,542,612 | $ | (3,675,459 | ) | $ | 23,604,707 | ||||||||||||||||
Net interest income | $ | 8,602,967 | $ | 4,027,693 | $ | 2,368,483 | $ | - | $ | - | $ | (369,625 | ) | $ | - | $ | 14,629,518 | ||||||||||||||||
Net income attributable to QCR Holdings, Inc. | $ | 2,586,303 | $ | 1,532,946 | $ | (313,019 | ) | $ | - | $ | 108,950 | $ | 3,077,515 | $ | (3,935,362 | ) | $ | 3,057,333 | |||||||||||||||
Total assets | $ | 1,134,296,418 | $ | 587,057,961 | $ | 299,947,837 | $ | - | $ | - | $ | 196,448,244 | $ | (193,804,388 | ) | $ | 2,023,946,072 | ||||||||||||||||
Provision for loan/lease losses | $ | 350,194 | $ | 300,000 | $ | 846,000 | $ | - | $ | - | $ | - | $ | - | $ | 1,496,194 | |||||||||||||||||
Goodwill | $ | 3,222,688 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 3,222,688 | |||||||||||||||||
Nine Months Ended September 30, 2013 | |||||||||||||||||||||||||||||||||
Total revenue | $ | 36,476,985 | $ | 20,011,520 | $ | 10,291,554 | $ | 4,900,023 | $ | 5,488,081 | $ | 16,570,031 | $ | (14,977,630 | ) | $ | 78,760,564 | ||||||||||||||||
Net interest income | $ | 25,371,337 | $ | 11,897,163 | $ | 7,160,723 | $ | 4,008,125 | $ | - | $ | (1,227,643 | ) | $ | - | $ | 47,209,705 | ||||||||||||||||
Net income attributable to QCR Holdings, Inc. | $ | 6,989,589 | $ | 4,971,503 | $ | 1,261,243 | $ | 458,786 | $ | 1,000,558 | $ | 11,122,319 | $ | (14,681,679 | ) | $ | 11,122,319 | ||||||||||||||||
Total assets | $ | 1,248,417,915 | $ | 651,239,436 | $ | 333,804,180 | $ | 276,428,086 | $ | - | $ | 214,875,126 | $ | (239,050,305 | ) | $ | 2,485,714,438 | ||||||||||||||||
Provision for loan/lease losses | $ | 2,052,889 | $ | 400,000 | $ | 912,000 | $ | 580,014 | $ | - | $ | - | $ | - | $ | 3,944,903 | |||||||||||||||||
Goodwill | $ | 3,222,688 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 3,222,688 | |||||||||||||||||||
Core deposit intangible | $ | - | $ | - | $ | - | $ | 3,311,073 | $ | - | $ | - | $ | - | $ | 3,311,073 | |||||||||||||||||
Nine Months Ended September 30, 2012 | |||||||||||||||||||||||||||||||||
Total revenue | $ | 36,196,909 | $ | 19,829,521 | $ | 9,665,950 | $ | - | $ | 4,427,051 | $ | 13,533,609 | $ | (13,115,614 | ) | $ | 70,537,426 | ||||||||||||||||
Net interest income | $ | 25,524,594 | $ | 11,691,876 | $ | 7,259,522 | $ | - | $ | - | $ | (1,127,528 | ) | $ | - | $ | 43,348,464 | ||||||||||||||||
Net income attributable to QCR Holdings, Inc. | $ | 7,603,033 | $ | 4,214,081 | $ | 482,950 | $ | - | $ | 425,356 | $ | 9,484,700 | $ | (12,843,813 | ) | $ | 9,366,307 | ||||||||||||||||
Total assets | $ | 1,134,296,418 | $ | 587,057,961 | $ | 299,947,837 | $ | - | $ | - | $ | 196,448,244 | $ | (193,804,388 | ) | $ | 2,023,946,072 | ||||||||||||||||
Provision for loan/lease losses | $ | 1,138,109 | $ | 875,000 | $ | 1,312,000 | $ | - | $ | - | $ | - | $ | - | $ | 3,325,109 | |||||||||||||||||
Goodwill | $ | 3,222,688 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 3,222,688 |
Note_8_Fair_Value_Tables
Note 8 - Fair Value (Tables) | 9 Months Ended | |||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | ' | |||||||||||||||||
Fair Value Measurements at Reporting Date Using | ||||||||||||||||||
Fair Value | Quoted Prices | Significant | Significant | |||||||||||||||
in Active | Other | Unobservable | ||||||||||||||||
Markets for | Observable | Inputs | ||||||||||||||||
Identical Assets | Inputs | (Level 3) | ||||||||||||||||
(Level 1) | (Level 2) | |||||||||||||||||
September 30, 2013: | ||||||||||||||||||
Securities available for sale: | ||||||||||||||||||
U.S. govt. sponsored agency securities | $ | 367,524,887 | $ | - | $ | 367,524,887 | $ | - | ||||||||||
Residential mortgage-backed and related securities | 166,544,470 | - | 166,544,470 | - | ||||||||||||||
Municipal securities | 36,459,170 | - | 36,459,170 | - | ||||||||||||||
Other securities | 1,808,802 | 285,214 | 1,523,588 | - | ||||||||||||||
$ | 572,337,329 | $ | 285,214 | $ | 572,052,115 | $ | - | |||||||||||
December 31, 2012: | ||||||||||||||||||
Securities available for sale: | ||||||||||||||||||
U.S. govt. sponsored agency securities | $ | 338,609,371 | $ | - | $ | 338,609,371 | $ | - | ||||||||||
Residential mortgage-backed and related securities | 163,601,103 | - | 163,601,103 | - | ||||||||||||||
Municipal securities | 26,185,736 | - | 26,185,736 | - | ||||||||||||||
Trust preferred securities | 139,400 | - | 139,400 | - | ||||||||||||||
Other securities | 1,624,376 | 234,453 | 1,389,923 | - | ||||||||||||||
$ | 530,159,986 | $ | 234,453 | $ | 529,925,533 | $ | - | |||||||||||
Fair Value Measurements at Reporting Date Using | ||||||||||||||||||
Fair Value | Level 1 | Level 2 | Level 3 | |||||||||||||||
September 30, 2013: | ||||||||||||||||||
Impaired loans/leases | $ | 11,239,694 | $ | - | $ | - | $ | 11,239,694 | ||||||||||
Other real estate owned | 9,175,463 | - | - | 9,175,463 | ||||||||||||||
$ | 20,415,157 | $ | - | $ | - | $ | 20,415,157 | |||||||||||
December 31, 2012: | ||||||||||||||||||
Impaired loans/leases | $ | 18,054,234 | $ | - | $ | - | $ | 18,054,234 | ||||||||||
Other real estate owned | 4,270,901 | - | - | 4,270,901 | ||||||||||||||
$ | 22,325,135 | $ | - | $ | - | $ | 22,325,135 | |||||||||||
Fair Value Inputs, Assets, Quantitative Information [Table Text Block] | ' | |||||||||||||||||
Quantitave Information about Level Fair Value Measurments | ||||||||||||||||||
Fair Value | Valuation Technique | Unobservable Input | Range | |||||||||||||||
September 30, 2013: | ||||||||||||||||||
Impaired loans/leases | $ | 11,239,694 | Appraisal of collateral | Appraisal adjustments | -10.00% | to | -40.00% | |||||||||||
Other real estate owned | 9,175,463 | Appraisal of collateral | Appraisal adjustments | -25.00% | to | -50.00% | ||||||||||||
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | ' | |||||||||||||||||
Fair Value | As of September 30, 2013 | As of December 31, 2012 | ||||||||||||||||
Hierarchy | Carrying | Estimated | Carrying | Estimated | ||||||||||||||
Level | Value | Fair Value | Value | Fair Value | ||||||||||||||
Cash and due from banks | Level 1 | $ | 58,724,270 | $ | 58,724,270 | $ | 61,568,446 | $ | 61,568,446 | |||||||||
Federal funds sold | Level 2 | 48,192,000 | 48,192,000 | 26,560,000 | 26,560,000 | |||||||||||||
Interest-bearing deposits at financial institutions | Level 2 | 15,862,796 | 15,862,796 | 22,359,490 | 22,359,490 | |||||||||||||
Investment securities: | ||||||||||||||||||
Held to maturity | Level 3 | 131,361,845 | 125,292,362 | 72,079,385 | 73,005,706 | |||||||||||||
Available for sale | See Previous Table | 572,337,329 | 572,337,329 | 530,159,986 | 530,159,986 | |||||||||||||
Loans/leases receivable, net | Level 3 | 10,407,124 | 11,239,694 | 16,716,883 | 18,054,234 | |||||||||||||
Loans/leases receivable, net | Level 2 | 1,506,914,312 | 1,521,560,306 | 1,250,745,552 | 1,262,090,766 | |||||||||||||
Deposits: | ||||||||||||||||||
Nonmaturity deposits | Level 2 | 1,295,910,195 | 1,295,910,195 | 1,039,572,326 | 1,039,572,326 | |||||||||||||
Time deposits | Level 2 | 445,921,780 | 447,290,000 | 334,541,774 | 337,343,000 | |||||||||||||
Short-term borrowings | Level 2 | 169,259,562 | 169,259,562 | 171,082,961 | 171,082,961 | |||||||||||||
Federal Home Loan Bank advances | Level 2 | 205,350,000 | 216,440,000 | 202,350,000 | 220,815,000 | |||||||||||||
Other borrowings | Level 2 | 142,646,212 | 154,164,000 | 138,239,762 | 154,101,000 | |||||||||||||
Junior subordinated debentures | Level 2 | 40,257,438 | 27,903,509 | 36,085,000 | 18,786,000 |
Note_9_Sales_of_Certain_Branch1
Note 9 - Sales of Certain Branches of CNB and Merger of CNB into CRBT (Tables) | 9 Months Ended | ||||
Sep. 30, 2013 | |||||
Note 9 - Sales of Certain Branches of CNB and Merger of CNB into CRBT (Tables) [Line Items] | ' | ||||
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | ' | ||||
As of | |||||
13-May-13 | |||||
ASSETS | |||||
Cash and due from banks | $ | 9,286,757 | |||
Federal funds sold | 12,335,000 | ||||
Interest-bearing deposits at financial institutions | 2,024,539 | ||||
Securities available for sale | 45,853,826 | ||||
Loans/leases receivable, net | 195,658,486 | ||||
Premises and equipment | 8,132,021 | ||||
Core deposit intangible | 3,440,076 | ||||
Bank-owned life insurance | 4,595,529 | ||||
Restricted investment securities | 1,259,375 | ||||
Other real estate owned | 550,326 | ||||
Other assets | 5,178,583 | ||||
Total assets acquired | $ | 288,314,518 | |||
LIABILITIES | |||||
Deposits | $ | 255,045,071 | |||
Other borrowings | 3,950,000 | ||||
Junior subordinated debentures | 4,125,175 | ||||
Other liabilities | 3,911,053 | ||||
Total liabilties assumed | $ | 267,031,299 | |||
Net assets acquired | $ | 21,283,219 | |||
CONSIDERATION PAID: | |||||
Cash | $ | 6,261,684 | |||
Issuance of 834,715 shares of common stock | 13,180,150 | ||||
Total consideration paid | $ | 19,441,834 | |||
Bargain purchase gain | $ | 1,841,385 | |||
Subsequent Event [Member] | ' | ||||
Note 9 - Sales of Certain Branches of CNB and Merger of CNB into CRBT (Tables) [Line Items] | ' | ||||
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | ' | ||||
As of | |||||
ASSETS | 4-Oct-13 | ||||
Cash | $ | 29,905,991 | |||
Loans receivable | 22,709,735 | ||||
Premises and equipment | 776,782 | ||||
Core deposit intangible | 910,415 | ||||
Other assets | 68,456 | ||||
Total assets sold | $ | 54,371,379 | |||
LIABILITIES | |||||
Deposits | $ | 55,191,930 | |||
Other liabilities | 53,422 | ||||
Total liabilties sold | $ | 55,245,352 | |||
Gain on sale, pre-tax | $ | 873,973 | |||
As of | |||||
ASSETS | 11-Oct-13 | ||||
Cash | $ | 519,627 | |||
Loans receivable | 31,749,135 | ||||
Premises and equipment | 1,597,040 | ||||
Core deposit intangible | 480,347 | ||||
Other assets | 70,443 | ||||
Total assets sold | $ | 34,416,592 | |||
LIABILITIES | |||||
Deposits | $ | 35,830,168 | |||
Other liabilities | 46,668 | ||||
Total liabilties sold | $ | 35,876,836 | |||
Gain on sale, pre-tax | $ | 1,460,244 |
Note_2_Acquisition_of_Communit2
Note 2 - Acquisition of Community National Bancorporation and Community National Bank (Details) (USD $) | 0 Months Ended | 9 Months Ended | 1 Months Ended | 9 Months Ended | 5 Months Ended | 0 Months Ended | 1 Months Ended | ||||||
13-May-13 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2004 | 13-May-13 | 13-May-13 | Jun. 26, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | 13-May-13 | 13-May-13 | 13-May-13 | Jun. 26, 2013 | |
Loan Historical Cost [Member] | Loan Fair Value [Member] | Community National Bancorporation and Community National Bank [Member] | Community National Bancorporation and Community National Bank [Member] | Community National Bancorporation and Community National Bank [Member] | Community National Bancorporation and Community National Bank [Member] | Community National Bancorporation and Community National Bank [Member] | Community National Bancorporation and Community National Bank [Member] | Community National Bancorporation and Community National Bank [Member] | |||||
London Interbank Offered Rate (LIBOR) [Member] | London Interbank Offered Rate (LIBOR) [Member] | Revolving Credit Note [Member] | Trust preferred securities [Member] | Core Deposits [Member] | |||||||||
Note 2 - Acquisition of Community National Bancorporation and Community National Bank (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Business Acquisition, Percentage of Voting Interests Acquired | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% | ' |
Business Combination, Consideration Transferred | $19,441,834 | $19,441,834 | ' | ' | ' | ' | ' | ' | ' | ' | ' | $19,441,834 | ' |
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in Shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 834,715 | ' |
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 13,180,150 | ' |
Business Combination, Consideration Transferred, Cash Paid | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,261,684 | ' |
Finite-Lived Core Deposits, Gross | ' | 3,311,073 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,440,076 | ' |
Finite-Lived Intangible Asset, Useful Life | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '10 years | ' | ' |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables | 195,658,486 | 195,658,486 | ' | ' | 3,033,022 | 2,207,891 | ' | ' | ' | ' | ' | ' | ' |
Certain Loans Acquired in Transfer, Accretable Yield | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,128,315 | ' |
Certain Loans Acquired in Transfer Accounted for as Debt Securities, Accretable Yield, Reclassifications to Nonaccretable Difference | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 397,894 | ' |
Certain Loans Acquired in Transfer Accounted for as Debt Securities, Outstanding Balance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,702,000 | ' |
Certain Loans Acquired in Transfer Accounted for as Debt Securities, Acquired During Period, at Acquisition, at Fair Value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,125,175 | ' |
Debt Instrument, Unamortized Discount (in Dollars) | ' | 2,529,562 | ' | 2,576,825 | ' | ' | ' | ' | ' | 2,576,825 | ' | 2,576,825 | ' |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other | 3,911,053 | 3,911,053 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,950,000 | ' |
Line of Credit Facility, Current Borrowing Capacity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,400,000 | ' |
Line of Credit Facility, Amount Outstanding | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10,000,000 |
Termination Loans | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10,000,000 |
Term Loan Period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '3 years |
Debt Instrument, Basis Spread on Variable Rate | ' | ' | ' | ' | ' | ' | 3.00% | 3.18% | 2.50% | ' | ' | ' | ' |
Line of Credit Facility, Remaining Borrowing Capacity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10,000,000 | ' |
Deposits | ' | $1,741,831,975 | $1,374,114,100 | ' | ' | ' | ' | ' | ' | ' | ' | $1,841,385 | ' |
Note_2_Acquisition_of_Communit3
Note 2 - Acquisition of Community National Bancorporation and Community National Bank (Details) - Fair Value of Assets Acquired and Liabilities Assumed (USD $) | 0 Months Ended | 9 Months Ended | |||
13-May-13 | Sep. 30, 2013 | Sep. 30, 2012 | |||
ASSETS | ' | ' | ' | ||
Cash and due from banks | $9,286,757 | $9,286,757 | [1] | ' | [1] |
Federal funds sold | 12,335,000 | 12,335,000 | ' | ||
Interest-bearing deposits at financial institutions | 2,024,539 | 2,024,539 | ' | ||
Securities available for sale | 45,853,826 | 45,853,826 | ' | ||
Loans/leases receivable, net | 195,658,486 | 195,658,486 | ' | ||
Premises and equipment | 8,132,021 | 8,132,021 | ' | ||
Core deposit intangible | 3,440,076 | 3,440,076 | ' | ||
Bank-owned life insurance | 4,595,529 | 4,595,529 | ' | ||
Restricted investment securities | 1,259,375 | 1,259,375 | ' | ||
Other real estate owned | 550,326 | 550,326 | ' | ||
Other assets | 5,178,583 | 5,178,583 | ' | ||
Total assets acquired | 288,314,518 | 288,314,518 | ' | ||
LIABILITIES | ' | ' | ' | ||
Deposits | 255,045,071 | 255,045,071 | ' | ||
Other borrowings | 3,950,000 | 3,950,000 | ' | ||
Junior subordinated debentures | 4,125,175 | 4,125,175 | ' | ||
Other liabilities | 3,911,053 | 3,911,053 | ' | ||
Total liabilties assumed | 267,031,299 | 267,031,299 | ' | ||
Net assets acquired | 21,283,219 | 21,283,219 | ' | ||
CONSIDERATION PAID: | ' | ' | ' | ||
Cash | 6,261,684 | 6,261,684 | [1] | ' | [1] |
Issuance of 834,715 shares of common stock | 13,180,150 | 13,180,150 | ' | ||
Total consideration paid | 19,441,834 | 19,441,834 | ' | ||
Bargain purchase gain | $1,841,385 | $1,841,385 | ' | ||
[1] | Net cash received at closing totaled $3,025,073 |
Note_2_Acquisition_of_Communit4
Note 2 - Acquisition of Community National Bancorporation and Community National Bank (Details) - Fair Value of Assets Acquired and Liabilities Assumed (Parentheticals) | 0 Months Ended | 9 Months Ended |
13-May-13 | Sep. 30, 2013 | |
Fair Value of Assets Acquired and Liabilities Assumed [Abstract] | ' | ' |
Issuance of common stock, shares (in Shares) | 834,715 | 834,715 |
Note_2_Acquisition_of_Communit5
Note 2 - Acquisition of Community National Bancorporation and Community National Bank (Details) - Unaudited Pro Forma Operating Results (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Unaudited Pro Forma Operating Results [Abstract] | ' | ' | ' | ' |
Interest income | $21,394,747 | $22,106,037 | $63,759,583 | $66,069,066 |
Noninterest income | 5,934,653 | 4,816,132 | 17,274,447 | 14,288,314 |
Net income | 3,348,327 | 3,538,764 | 8,825,027 | 10,692,534 |
Net income attributable to QCR Holdings, Inc. common stockholders | $2,537,490 | $2,600,750 | $6,392,515 | $7,512,855 |
Earnings per common share attributable to QCR Holdings, Inc. common stockholders | ' | ' | ' | ' |
Basic (in Dollars per share) | $0.44 | $0.45 | $1.10 | $1.29 |
Diluted (in Dollars per share) | $0.43 | $0.44 | $1.08 | $1.27 |
Note_3_Investment_Securities_D
Note 3 - Investment Securities (Details) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended |
Jun. 30, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | |
Note 3 - Investment Securities (Details) [Line Items] | ' | ' | ' |
Number of Securities | ' | 545 | ' |
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | ' | 341 | ' |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss (in Dollars) | ' | $15,478 | $23,469 |
Other than Temporary Impairment Losses, Investments (in Dollars) | $62,400 | ' | ' |
Unrealized Losses 12 Months or Greater [Member] | ' | ' | ' |
Note 3 - Investment Securities (Details) [Line Items] | ' | ' | ' |
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | ' | 1 | ' |
Note_3_Investment_Securities_D1
Note 3 - Investment Securities (Details) - Amortized Cost and Fair Value of Investment Securities (USD $) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2013 | Dec. 31, 2012 | |
Securities held to maturity: | ' | ' |
Securities held to maturity, amortized cost | $131,361,845 | $72,079,385 |
Securities held to maturity, gross unrealized gains | 456,156 | 997,969 |
Securities held to maturity, gross unrealized losses | -6,525,639 | -71,648 |
Securities held to maturity, fair value | 125,292,362 | 73,005,706 |
Securities available for sale: | ' | ' |
Securities available for sale, amortized cost | 588,553,625 | 522,547,519 |
Securities available for sale, gross unrealized gains | 2,822,773 | 7,985,963 |
Securities available for sale, gross unrealized losses | -19,039,069 | -373,496 |
Securities available for sale, fair value | 572,337,329 | 530,159,986 |
US States and Political Subdivisions Debt Securities [Member] | ' | ' |
Securities held to maturity: | ' | ' |
Securities held to maturity, amortized cost | 130,311,845 | 71,429,385 |
Securities held to maturity, gross unrealized gains | 456,156 | 997,969 |
Securities held to maturity, gross unrealized losses | -6,520,899 | -71,648 |
Securities held to maturity, fair value | 124,247,102 | 72,355,706 |
Securities available for sale: | ' | ' |
Securities available for sale, amortized cost | 36,242,570 | 24,508,015 |
Securities available for sale, gross unrealized gains | 978,391 | 1,696,555 |
Securities available for sale, gross unrealized losses | -761,791 | -18,834 |
Securities available for sale, fair value | 36,459,170 | 26,185,736 |
Equity Securities, Other [Member] | ' | ' |
Securities held to maturity: | ' | ' |
Securities held to maturity, amortized cost | 1,050,000 | 650,000 |
Securities held to maturity, gross unrealized gains | 0 | 0 |
Securities held to maturity, gross unrealized losses | -4,740 | 0 |
Securities held to maturity, fair value | 1,045,260 | 650,000 |
Securities available for sale: | ' | ' |
Securities available for sale, amortized cost | 1,358,524 | 1,347,113 |
Securities available for sale, gross unrealized gains | 450,278 | 300,732 |
Securities available for sale, gross unrealized losses | 0 | -23,469 |
Securities available for sale, fair value | 1,808,802 | 1,624,376 |
US Government-sponsored Enterprises Debt Securities [Member] | ' | ' |
Securities available for sale: | ' | ' |
Securities available for sale, amortized cost | 383,193,241 | 336,570,995 |
Securities available for sale, gross unrealized gains | 75,797 | 2,198,655 |
Securities available for sale, gross unrealized losses | -15,744,151 | -160,279 |
Securities available for sale, fair value | 367,524,887 | 338,609,371 |
Residential Mortgage Backed Securities [Member] | ' | ' |
Securities available for sale: | ' | ' |
Securities available for sale, amortized cost | 167,759,290 | 160,035,196 |
Securities available for sale, gross unrealized gains | 1,318,307 | 3,736,821 |
Securities available for sale, gross unrealized losses | -2,533,127 | -170,914 |
Securities available for sale, fair value | 166,544,470 | 163,601,103 |
Trust preferred securities [Member] | ' | ' |
Securities available for sale: | ' | ' |
Securities available for sale, amortized cost | ' | 86,200 |
Securities available for sale, gross unrealized gains | ' | 53,200 |
Securities available for sale, gross unrealized losses | ' | 0 |
Securities available for sale, fair value | ' | $139,400 |
Note_3_Investment_Securities_D2
Note 3 - Investment Securities (Details) - Gross Unrealized Losses and Fair value of Securities in a Continuous Unrealized Loss Position (USD $) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2013 | Dec. 31, 2012 | |
Securities held to maturity: | ' | ' |
Held to Maturity Securities less than 12 months fair value | $93,281,343 | ' |
Held to Maturity Securities less than 12 months gross unrealized losses | -6,525,639 | ' |
Held to Maturity Securities fair value | 93,281,343 | ' |
Held to Maturity Securities gross unrealized losses | -6,525,639 | ' |
Securities available for sale: | ' | ' |
Available for Sale Securities less than 12 months fair value | 474,158,854 | 85,986,271 |
Available for Sale Securities less than 12 months gross unrealized losses | -19,023,591 | -350,027 |
Available for Sale Securities 12 months or more fair value | 1,279,117 | 217,500 |
Available for Sale Securities 12 months or more gross unrealized losses | -15,478 | -23,469 |
Available for Sale Securities fair value | 475,437,971 | 86,203,771 |
Available for Sale Securities gross unrealized losses | -19,039,069 | -373,496 |
US States and Political Subdivisions Debt Securities [Member] | ' | ' |
Securities held to maturity: | ' | ' |
Held to Maturity Securities less than 12 months fair value | 92,786,083 | 4,282,352 |
Held to Maturity Securities less than 12 months gross unrealized losses | -6,520,899 | -71,648 |
Held to Maturity Securities 12 months or more fair value | 0 | 0 |
Held to Maturity Securities 12 months or more gross unrealized losses | 0 | 0 |
Held to Maturity Securities fair value | 92,786,083 | 4,282,352 |
Held to Maturity Securities gross unrealized losses | -6,520,899 | -71,648 |
Securities available for sale: | ' | ' |
Available for Sale Securities less than 12 months fair value | 16,263,130 | 1,039,625 |
Available for Sale Securities less than 12 months gross unrealized losses | -761,791 | -18,834 |
Available for Sale Securities 12 months or more fair value | 0 | 0 |
Available for Sale Securities 12 months or more gross unrealized losses | 0 | 0 |
Available for Sale Securities fair value | 16,263,130 | 1,039,625 |
Available for Sale Securities gross unrealized losses | -761,791 | -18,834 |
Equity Securities, Other [Member] | ' | ' |
Securities held to maturity: | ' | ' |
Held to Maturity Securities less than 12 months fair value | 495,260 | ' |
Held to Maturity Securities less than 12 months gross unrealized losses | -4,740 | ' |
Held to Maturity Securities fair value | 495,260 | ' |
Held to Maturity Securities gross unrealized losses | -4,740 | ' |
Securities available for sale: | ' | ' |
Available for Sale Securities less than 12 months fair value | ' | 0 |
Available for Sale Securities less than 12 months gross unrealized losses | ' | 0 |
Available for Sale Securities 12 months or more fair value | ' | 217,500 |
Available for Sale Securities 12 months or more gross unrealized losses | ' | -23,469 |
Available for Sale Securities fair value | ' | 217,500 |
Available for Sale Securities gross unrealized losses | ' | -23,469 |
US Government Agencies Debt Securities [Member] | ' | ' |
Securities available for sale: | ' | ' |
Available for Sale Securities less than 12 months fair value | 351,006,164 | 55,621,718 |
Available for Sale Securities less than 12 months gross unrealized losses | -15,744,151 | -160,279 |
Available for Sale Securities 12 months or more fair value | 0 | 0 |
Available for Sale Securities 12 months or more gross unrealized losses | 0 | 0 |
Available for Sale Securities fair value | 351,006,164 | 55,621,718 |
Available for Sale Securities gross unrealized losses | -15,744,151 | -160,279 |
Residential Mortgage Backed Securities [Member] | ' | ' |
Securities available for sale: | ' | ' |
Available for Sale Securities less than 12 months fair value | 106,889,560 | 29,324,928 |
Available for Sale Securities less than 12 months gross unrealized losses | -2,517,649 | -170,914 |
Available for Sale Securities 12 months or more fair value | 1,279,117 | 0 |
Available for Sale Securities 12 months or more gross unrealized losses | -15,478 | 0 |
Available for Sale Securities fair value | 108,168,677 | 29,324,928 |
Available for Sale Securities gross unrealized losses | ($2,533,127) | ($170,914) |
Note_3_Investment_Securities_D3
Note 3 - Investment Securities (Details) - Proceeds Received From Sale of Securities (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Proceeds Received From Sale of Securities [Abstract] | ' | ' | ' | ' |
Proceeds from sales of securities | $31,225,516 | $0 | $37,393,047 | $19,215,075 |
Pre-tax gross gains from sales of securities | 506,611 | 0 | 523,071 | 104,600 |
Pre-tax gross losses from sales of securities | ($89,675) | ' | ($89,675) | ' |
Note_3_Investment_Securities_D4
Note 3 - Investment Securities (Details) - Amortized Cost and Fair Value of Securities by Contractual Maturity (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Securities held to maturity: | ' | ' |
Due in one year or less | $2,066,615 | ' |
Due in one year or less | 2,066,245 | ' |
Due after one year through five years | 9,982,269 | ' |
Due after one year through five years | 9,827,587 | ' |
Due after one year through five years | 119,312,961 | ' |
Due after one year through five years | 113,398,530 | ' |
131,361,845 | ' | |
125,292,362 | 73,005,706 | |
Securities available for sale: | ' | ' |
Due in one year or less | 5,220,265 | ' |
Due in one year or less | 5,231,685 | ' |
Due after one year through five years | 42,271,445 | ' |
Due after one year through five years | 42,124,141 | ' |
Due after five years | 371,944,101 | ' |
Due after five years | 356,628,231 | ' |
419,435,811 | ' | |
403,984,057 | ' | |
Securities available for sale, amortized cost | 372,788,252 | ' |
Securities available for sale, fair value | 357,691,161 | ' |
588,553,625 | 522,547,519 | |
572,337,329 | 530,159,986 | |
Residential Mortgage Backed Securities [Member] | ' | ' |
Securities available for sale: | ' | ' |
Securities available for sale, amortized cost | 167,759,290 | ' |
Securities available for sale, fair value | 166,544,470 | ' |
167,759,290 | 160,035,196 | |
166,544,470 | 163,601,103 | |
Equity Securities, Other [Member] | ' | ' |
Securities held to maturity: | ' | ' |
1,045,260 | 650,000 | |
Securities available for sale: | ' | ' |
Securities available for sale, amortized cost | 1,358,524 | ' |
Securities available for sale, fair value | 1,808,802 | ' |
1,358,524 | 1,347,113 | |
1,808,802 | 1,624,376 | |
US States and Political Subdivisions Debt Securities [Member] | ' | ' |
Securities held to maturity: | ' | ' |
124,247,102 | 72,355,706 | |
Securities available for sale: | ' | ' |
Securities available for sale, amortized cost | 23,163,866 | ' |
Securities available for sale, fair value | 22,996,424 | ' |
36,242,570 | 24,508,015 | |
36,459,170 | 26,185,736 | |
Securities held to maturity: | ' | ' |
Municipal securities | 94,833,231 | ' |
Municipal securities | 89,637,985 | ' |
US Government Agencies Debt Securities [Member] | ' | ' |
Securities available for sale: | ' | ' |
Securities available for sale, amortized cost | 349,624,386 | ' |
Securities available for sale, fair value | $334,694,737 | ' |
Note_4_LoansLeases_Receivable_1
Note 4 - Loans/Leases Receivable (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | |
Note 4 - Loans/Leases Receivable (Details) [Line Items] | ' | ' | ' | ' | ' |
Loans Held-for-sale, Mortgages | $1,445,900 | ' | $1,445,900 | ' | $4,577,233 |
Financing Receivable, Modifications, Recorded Investment | ' | 16,451,616 | ' | 16,451,616 | 12,958,374 |
Financing Receivable, Modifications, Number of Contracts | 9 | 4 | 17 | 11 | ' |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 6,779,013 | 1,184,289 | 8,596,173 | 3,195,396 | ' |
Financing Receivable, Modifications, Pre-Modification Recorded Investment | 6,779,013 | 1,184,289 | 8,596,173 | 3,448,355 | ' |
Nonaccrual [Member] | ' | ' | ' | ' | ' |
Note 4 - Loans/Leases Receivable (Details) [Line Items] | ' | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | ' | ' | ' | 4 | ' |
Financing Receivable, Modifications, Post-Modification Recorded Investment | ' | ' | ' | 4,337,321 | ' |
Total [Member] | ' | ' | ' | ' | ' |
Note 4 - Loans/Leases Receivable (Details) [Line Items] | ' | ' | ' | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 13,712,367 | ' | 13,712,367 | ' | 5,658,781 |
Commercial and Industrial [Member] | ' | ' | ' | ' | ' |
Note 4 - Loans/Leases Receivable (Details) [Line Items] | ' | ' | ' | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 130,655 | ' | 130,655 | ' | 99,804 |
Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | ' | ' |
Note 4 - Loans/Leases Receivable (Details) [Line Items] | ' | ' | ' | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 12,935,422 | ' | 12,935,422 | ' | 5,173,589 |
Finance Leases Portfolio Segment [Member] | ' | ' | ' | ' | ' |
Note 4 - Loans/Leases Receivable (Details) [Line Items] | ' | ' | ' | ' | ' |
Financing Receivable, Modifications, Recorded Investment | ' | ' | ' | ' | 64,722 |
Installment and Other Consumer [Member] | ' | ' | ' | ' | ' |
Note 4 - Loans/Leases Receivable (Details) [Line Items] | ' | ' | ' | ' | ' |
Financing Receivable, Modifications, Recorded Investment | ' | ' | ' | ' | 320,666 |
Nonaccrual [Member] | ' | ' | ' | ' | ' |
Note 4 - Loans/Leases Receivable (Details) [Line Items] | ' | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | ' | ' | 10 | ' | ' |
Financing Receivable, Modifications, Post-Modification Recorded Investment | ' | ' | 6,087,296 | ' | ' |
Residential Real Estate [Member] | ' | ' | ' | ' | ' |
Note 4 - Loans/Leases Receivable (Details) [Line Items] | ' | ' | ' | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 374,102 | ' | 374,102 | ' | ' |
Installment Loans [Member] | ' | ' | ' | ' | ' |
Note 4 - Loans/Leases Receivable (Details) [Line Items] | ' | ' | ' | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 272,188 | ' | 272,188 | ' | ' |
Owner-occupied commercial real estate [Member] | ' | ' | ' | ' | ' |
Note 4 - Loans/Leases Receivable (Details) [Line Items] | ' | ' | ' | ' | ' |
Financing Receivable, Modifications, Pre-Modification Recorded Investment | ' | ' | $61,517 | ' | ' |
Note_4_LoansLeases_Receivable_2
Note 4 - Loans/Leases Receivable (Details) - Composition of the Loan/Lease Portfolio (USD $) | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Dec. 31, 2011 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Loans and Leases | $1,539,383,825 | ' | $1,287,387,639 | ' | ' | ' | ||
Less allowance for estimated losses on loans/leases | -22,062,389 | -21,156,379 | -19,925,204 | -19,416,748 | -18,724,535 | -18,789,262 | ||
Loans/leases net of allowance for estimated losses | 1,517,321,436 | ' | 1,267,462,435 | ' | ' | ' | ||
Commercial and Industrial [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Loans and Leases | 471,256,974 | ' | 394,244,252 | ' | ' | ' | ||
Less allowance for estimated losses on loans/leases | -5,367,524 | -4,790,828 | -4,531,545 | -4,173,481 | -4,180,792 | -4,878,006 | ||
Owner-occupied commercial real estate [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Loans and Leases | 259,500,453 | ' | 204,911,308 | ' | ' | ' | ||
Commercial construction, land development, and other land [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Loans and Leases | 49,585,072 | ' | 44,962,381 | ' | ' | ' | ||
Other commercial real estate [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Loans and Leases | 405,615,528 | ' | 344,105,550 | ' | ' | ' | ||
Total Commercial [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Loans and Leases | 714,701,053 | ' | 593,979,239 | ' | ' | ' | ||
Leases receivable [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Loans and Leases | 121,267,997 | ' | 103,685,656 | ' | ' | ' | ||
Plus deferred loan/lease origination costs | 4,514,946 | ' | 3,907,140 | ' | ' | ' | ||
Total Loans/Leases plus deferred loan/lease origination costs | 125,782,943 | ' | 107,592,796 | ' | ' | ' | ||
Less allowance for estimated losses on loans/leases | -2,323,509 | -2,187,605 | -1,990,395 | -1,884,985 | -1,610,999 | -1,339,496 | ||
Loans/leases net of allowance for estimated losses | 123,459,434 | ' | 105,602,401 | ' | ' | ' | ||
* Direct financing leases: | ' | ' | ' | ' | ' | ' | ||
Net minimum lease payments to be received | 136,848,442 | ' | 117,719,380 | ' | ' | ' | ||
Estimated unguaranteed residual values of leased assets | 1,775,830 | ' | 1,095,848 | ' | ' | ' | ||
Unearned lease/residual income | -17,356,275 | ' | -15,129,572 | ' | ' | ' | ||
Mortgage Receivable [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Loans and Leases | 150,825,156 | [1] | ' | 115,581,573 | [1] | ' | ' | ' |
Loans Receivable [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Loans and Leases | 77,226,363 | ' | 76,720,514 | ' | ' | ' | ||
Total [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Loans and Leases | 1,535,277,543 | ' | 1,284,211,234 | ' | ' | ' | ||
Plus deferred loan/lease origination costs | 4,106,282 | ' | 3,176,405 | ' | ' | ' | ||
Total Loans/Leases plus deferred loan/lease origination costs | 1,539,383,825 | ' | 1,287,387,639 | ' | ' | ' | ||
Less allowance for estimated losses on loans/leases | ($22,062,389) | ' | ($19,925,204) | ' | ' | ' | ||
[1] | Includes residential real estate loans held for sale totaling $1,445,900 and $4,577,233 as of September 30, 2013, and December 31, 2012, respectively. |
Note_4_LoansLeases_Receivable_3
Note 4 - Loans/Leases Receivable (Details) - Aging of the Loan/Lease Portfolio (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | $1,506,139,221 | $1,257,131,874 |
30-59 Days Past Due | 5,432,324 | 7,387,450 |
60-89 Days Past Due | 1,518,647 | 1,599,934 |
Accruing Past Due 90 Days or More | 60,914 | 159,481 |
Nonacrrual Loans/Loans | 22,126,437 | 17,932,495 |
Total | 1,535,277,543 | 1,284,211,234 |
Current as a percentage of total loan/lease portfolio | 98.10% | 97.89% |
30-59 Days Past Due as a percentage of total loan/lease portfolio | 0.35% | 0.58% |
60-89 Days Past Due as a percentage of total loan/lease portfolio | 0.10% | 0.12% |
Accruing Past Due 90 Days or More as a percentage of total loan/lease portfolio | 0.00% | 0.01% |
Nonacrrual Loans/Loans as a percentage of total loan/lease portfolio | 1.44% | 1.40% |
Total as a percentage of total loan/lease portfolio | 100.00% | 100.00% |
Commercial and Industrial [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 466,597,618 | 388,825,307 |
30-59 Days Past Due | 1,493,016 | 3,724,506 |
60-89 Days Past Due | 208,603 | 9,940 |
Accruing Past Due 90 Days or More | ' | 120,000 |
Nonacrrual Loans/Loans | 2,957,737 | 1,564,499 |
Total | 471,256,974 | 394,244,252 |
Owner-occupied commercial real estate [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 257,258,899 | 204,141,070 |
30-59 Days Past Due | 41,296 | 142,993 |
60-89 Days Past Due | 58,933 | 0 |
Accruing Past Due 90 Days or More | 0 | 0 |
Nonacrrual Loans/Loans | 2,141,325 | 627,245 |
Total | 259,500,453 | 204,911,308 |
Commercial construction, land development, and other land [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 46,919,007 | 42,180,819 |
30-59 Days Past Due | 1,506,409 | ' |
60-89 Days Past Due | 509,601 | 0 |
Accruing Past Due 90 Days or More | 59,975 | 0 |
Nonacrrual Loans/Loans | 590,080 | 2,781,562 |
Total | 49,585,072 | 44,962,381 |
Other commercial real estate [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 391,773,134 | 332,644,532 |
30-59 Days Past Due | 515,680 | 86,986 |
60-89 Days Past Due | 346,985 | 1,111,856 |
Accruing Past Due 90 Days or More | 0 | 0 |
Nonacrrual Loans/Loans | 12,979,729 | 10,262,176 |
Total | 405,615,528 | 344,105,550 |
Leases receivable [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 118,820,384 | 101,635,084 |
30-59 Days Past Due | 1,429,405 | 877,210 |
60-89 Days Past Due | 319,620 | 174,560 |
Accruing Past Due 90 Days or More | 0 | 0 |
Nonacrrual Loans/Loans | 698,588 | 998,802 |
Total | 121,267,997 | 103,685,656 |
Residential Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 148,740,223 | 111,993,859 |
30-59 Days Past Due | 346,108 | 2,254,730 |
60-89 Days Past Due | 52,029 | 283,466 |
Accruing Past Due 90 Days or More | 0 | 0 |
Nonacrrual Loans/Loans | 1,686,796 | 1,049,518 |
Total | 150,825,156 | 115,581,573 |
Installment and Other Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 76,029,956 | 75,711,203 |
30-59 Days Past Due | 100,410 | 301,025 |
60-89 Days Past Due | 22,876 | 20,112 |
Accruing Past Due 90 Days or More | 939 | 39,481 |
Nonacrrual Loans/Loans | 1,072,182 | 648,693 |
Total | $77,226,363 | $76,720,514 |
Note_4_LoansLeases_Receivable_4
Note 4 - Loans/Leases Receivable (Details) - Nonperforming Loans/Leases (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | ||
Note 4 - Loans/Leases Receivable (Details) - Nonperforming Loans/Leases [Line Items] | ' | ' | ' | ||
Nonaccrual loans/leases | $22,126,437 | $17,932,495 | ' | ||
Troubled debt restructurings - accruing | ' | 12,958,374 | 16,451,616 | ||
Total nonperforming loans/leases | 23,293,188 | 24,294,211 | ' | ||
Percentage of total nonperforming loans/leases | 100.00% | 100.00% | ' | ||
Commercial and Industrial [Member] | Nonperforming [Member] | ' | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) - Nonperforming Loans/Leases [Line Items] | ' | ' | ' | ||
Total nonperforming loans/leases | 3,843,902 | 1,868,583 | ' | ||
Commercial and Industrial [Member] | ' | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) - Nonperforming Loans/Leases [Line Items] | ' | ' | ' | ||
Accruing Past Due 90 Days or More | ' | 120,000 | ' | ||
Nonaccrual loans/leases | 2,957,737 | [1] | 1,564,499 | [1] | ' |
Troubled debt restructurings - accruing | 886,165 | 184,084 | ' | ||
Percentage of total nonperforming loans/leases | 15.42% | 7.36% | ' | ||
Owner-occupied commercial real estate [Member] | Nonperforming [Member] | ' | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) - Nonperforming Loans/Leases [Line Items] | ' | ' | ' | ||
Total nonperforming loans/leases | 2,141,325 | 627,245 | ' | ||
Owner-occupied commercial real estate [Member] | ' | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) - Nonperforming Loans/Leases [Line Items] | ' | ' | ' | ||
Accruing Past Due 90 Days or More | 0 | ' | ' | ||
Nonaccrual loans/leases | 2,141,325 | [1] | 627,245 | [2] | ' |
Troubled debt restructurings - accruing | ' | 0 | ' | ||
Percentage of total nonperforming loans/leases | 8.59% | 2.47% | ' | ||
Commercial construction, land development, and other land [Member] | Nonperforming [Member] | ' | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) - Nonperforming Loans/Leases [Line Items] | ' | ' | ' | ||
Total nonperforming loans/leases | 950,055 | 3,797,585 | ' | ||
Commercial construction, land development, and other land [Member] | ' | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) - Nonperforming Loans/Leases [Line Items] | ' | ' | ' | ||
Accruing Past Due 90 Days or More | 59,975 | 0 | ' | ||
Nonaccrual loans/leases | 590,080 | [1] | 2,781,562 | [2] | ' |
Troubled debt restructurings - accruing | 300,000 | 1,016,023 | ' | ||
Percentage of total nonperforming loans/leases | 3.81% | 14.96% | ' | ||
Non-owner occupied Commercial Real Estate [Member] | Nonperforming [Member] | ' | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) - Nonperforming Loans/Leases [Line Items] | ' | ' | ' | ||
Total nonperforming loans/leases | 13,788,891 | 16,082,941 | ' | ||
Non-owner occupied Commercial Real Estate [Member] | ' | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) - Nonperforming Loans/Leases [Line Items] | ' | ' | ' | ||
Accruing Past Due 90 Days or More | 0 | ' | ' | ||
Nonaccrual loans/leases | 12,979,729 | [1] | 10,262,176 | [2] | ' |
Troubled debt restructurings - accruing | 809,162 | 5,820,765 | ' | ||
Percentage of total nonperforming loans/leases | 55.32% | 63.34% | ' | ||
Finance Leases Portfolio Segment [Member] | Nonperforming [Member] | ' | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) - Nonperforming Loans/Leases [Line Items] | ' | ' | ' | ||
Total nonperforming loans/leases | 698,588 | 998,802 | ' | ||
Finance Leases Portfolio Segment [Member] | ' | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) - Nonperforming Loans/Leases [Line Items] | ' | ' | ' | ||
Accruing Past Due 90 Days or More | 0 | 0 | ' | ||
Nonaccrual loans/leases | 698,588 | [1] | 998,802 | [2] | ' |
Percentage of total nonperforming loans/leases | 2.80% | 3.93% | ' | ||
Residential Portfolio Segment [Member] | Nonperforming [Member] | ' | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) - Nonperforming Loans/Leases [Line Items] | ' | ' | ' | ||
Total nonperforming loans/leases | 2,060,718 | 1,217,257 | ' | ||
Residential Portfolio Segment [Member] | ' | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) - Nonperforming Loans/Leases [Line Items] | ' | ' | ' | ||
Accruing Past Due 90 Days or More | 0 | ' | ' | ||
Nonaccrual loans/leases | 1,686,796 | [1] | 1,049,518 | [2] | ' |
Troubled debt restructurings - accruing | 373,922 | 167,739 | ' | ||
Percentage of total nonperforming loans/leases | 8.27% | 4.79% | ' | ||
Consumer Portfolio Segment [Member] | Nonperforming [Member] | ' | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) - Nonperforming Loans/Leases [Line Items] | ' | ' | ' | ||
Total nonperforming loans/leases | 1,443,121 | 799,156 | ' | ||
Consumer Portfolio Segment [Member] | ' | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) - Nonperforming Loans/Leases [Line Items] | ' | ' | ' | ||
Accruing Past Due 90 Days or More | 939 | 39,481 | ' | ||
Nonaccrual loans/leases | 1,072,182 | [1] | 648,693 | [2] | ' |
Troubled debt restructurings - accruing | 370,000 | 110,982 | ' | ||
Percentage of total nonperforming loans/leases | 5.79% | 3.15% | ' | ||
Total [Member] | Nonperforming [Member] | ' | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) - Nonperforming Loans/Leases [Line Items] | ' | ' | ' | ||
Total nonperforming loans/leases | 24,926,600 | 25,391,569 | ' | ||
Total [Member] | ' | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) - Nonperforming Loans/Leases [Line Items] | ' | ' | ' | ||
Accruing Past Due 90 Days or More | 60,914 | 159,481 | ' | ||
Nonaccrual loans/leases | 22,126,437 | [1] | 17,932,495 | [2] | ' |
Troubled debt restructurings - accruing | $2,739,249 | $7,299,593 | ' | ||
Percentage of total nonperforming loans/leases | 100.00% | 100.00% | ' | ||
[1] | Nonaccrual loans/leases includes $13,712,367 of troubled debt restructurings, including $130,655 in commercial and industrial loans, $12,935,422 in commercial real estate loans, $374,102 in residential real estate loans, and $272,188 in installment loans. | ||||
[2] | Nonaccrual loans/leases includes $5,658,781 of troubled debt restructurings, including $99,804 in commercial and industrial loans, $5,173,589 in commercial real estate loans, $64,722 in residential real estate loans, and $320,666 in installment loans. |
Note_4_LoansLeases_Receivable_5
Note 4 - Loans/Leases Receivable (Details) - Allowance for Estimated Losses on Loans/Leases (USD $) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Balance, beginning | $21,156,379 | $18,724,535 | $19,925,204 | $18,789,262 | ' |
Balance, ending | 22,062,389 | 19,416,748 | 22,062,389 | 19,416,748 | ' |
Allowance for loans/leases individually evaluated for impairment | 6,493,658 | ' | 6,493,658 | ' | 4,587,769 |
Allowance for loans/leases collectively evaluated for impairment | 15,568,731 | ' | 15,568,731 | ' | 15,337,435 |
Balance, ending | 22,062,389 | 19,416,748 | 22,062,389 | 19,416,748 | ' |
Loans/leases individually evaluated for impairment | 23,293,188 | ' | 23,293,188 | ' | 24,294,211 |
Loans/leases collectively evaluated for impairment | 1,511,984,355 | ' | 1,511,984,355 | ' | 1,259,917,023 |
Loans/Leases receivable | 1,535,277,543 | ' | 1,535,277,543 | ' | 1,284,211,234 |
Allowance as a percentage of loans/leases individually evaluated for impairment | 27.88% | ' | 27.88% | ' | 18.88% |
Allowance as a percentage of loans/leases collectively evaluated for impairment | 1.03% | ' | 1.03% | ' | 1.22% |
Allowance as a percentage of loans/leases | 1.43% | ' | 1.43% | ' | 1.55% |
Provisions charged to expense | 1,366,984 | 1,496,194 | 3,944,903 | 3,325,109 | ' |
Loans/leases charged off | -927,637 | -1,149,730 | -2,563,311 | -3,709,281 | ' |
Recoveries on loans/leases previously charged off | 466,663 | 345,749 | 755,593 | 1,011,658 | ' |
Commercial and Industrial [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Balance, beginning | 4,790,828 | 4,180,792 | 4,531,545 | 4,878,006 | ' |
Balance, ending | 5,367,524 | 4,173,481 | 5,367,524 | 4,173,481 | ' |
Allowance for loans/leases individually evaluated for impairment | 1,112,008 | ' | 1,112,008 | ' | 280,170 |
Allowance for loans/leases collectively evaluated for impairment | 4,255,516 | ' | 4,255,516 | ' | 4,251,375 |
Balance, ending | 5,367,524 | 4,173,481 | 5,367,524 | 4,173,481 | ' |
Loans/leases individually evaluated for impairment | 2,574,217 | ' | 2,574,217 | ' | 1,006,952 |
Loans/leases collectively evaluated for impairment | 468,682,757 | ' | 468,682,757 | ' | 393,237,300 |
Loans/Leases receivable | 471,256,974 | ' | 471,256,974 | ' | 394,244,252 |
Allowance as a percentage of loans/leases individually evaluated for impairment | 43.20% | ' | 43.20% | ' | 27.82% |
Allowance as a percentage of loans/leases collectively evaluated for impairment | 0.91% | ' | 0.91% | ' | 1.08% |
Allowance as a percentage of loans/leases | 1.14% | ' | 1.14% | ' | 1.15% |
Provisions charged to expense | 765,582 | 136,766 | 1,026,073 | -637,852 | ' |
Loans/leases charged off | -214,920 | -214,036 | -253,820 | -669,778 | ' |
Recoveries on loans/leases previously charged off | 26,034 | 69,959 | 63,726 | 603,105 | ' |
Commercial Real Estate Loans [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Balance, beginning | 12,190,497 | 10,709,991 | 11,069,502 | 10,596,958 | ' |
Balance, ending | 12,210,862 | 11,053,857 | 12,210,862 | 11,053,857 | ' |
Allowance for loans/leases individually evaluated for impairment | 4,987,850 | ' | 4,987,850 | ' | 4,005,042 |
Allowance for loans/leases collectively evaluated for impairment | 7,223,012 | ' | 7,223,012 | ' | 7,064,460 |
Balance, ending | 12,210,862 | 11,053,857 | 12,210,862 | 11,053,857 | ' |
Loans/leases individually evaluated for impairment | 16,517,483 | ' | 16,517,483 | ' | 20,383,846 |
Loans/leases collectively evaluated for impairment | 698,183,570 | ' | 698,183,570 | ' | 573,595,393 |
Loans/Leases receivable | 714,701,053 | ' | 714,701,053 | ' | 593,979,239 |
Allowance as a percentage of loans/leases individually evaluated for impairment | 30.20% | ' | 30.20% | ' | 19.65% |
Allowance as a percentage of loans/leases collectively evaluated for impairment | 1.03% | ' | 1.03% | ' | 1.23% |
Allowance as a percentage of loans/leases | 1.71% | ' | 1.71% | ' | 1.86% |
Provisions charged to expense | 88,761 | 721,358 | 1,875,132 | 2,254,732 | ' |
Loans/leases charged off | -443,721 | -552,959 | -1,264,446 | -1,980,946 | ' |
Recoveries on loans/leases previously charged off | 375,325 | 175,467 | 530,674 | 183,113 | ' |
Leases receivable [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Balance, beginning | 2,187,605 | 1,610,999 | 1,990,395 | 1,339,496 | ' |
Balance, ending | 2,323,509 | 1,884,985 | 2,323,509 | 1,884,985 | ' |
Allowance for loans/leases individually evaluated for impairment | 134,533 | ' | 134,533 | ' | 125,000 |
Allowance for loans/leases collectively evaluated for impairment | 2,188,976 | ' | 2,188,976 | ' | 1,865,395 |
Balance, ending | 2,323,509 | 1,884,985 | 2,323,509 | 1,884,985 | ' |
Loans/leases individually evaluated for impairment | 698,588 | ' | 698,588 | ' | 998,802 |
Loans/leases collectively evaluated for impairment | 120,569,409 | ' | 120,569,409 | ' | 102,686,854 |
Loans/Leases receivable | 121,267,997 | ' | 121,267,997 | ' | 103,685,656 |
Allowance as a percentage of loans/leases individually evaluated for impairment | 19.26% | ' | 19.26% | ' | 12.51% |
Allowance as a percentage of loans/leases collectively evaluated for impairment | 1.82% | ' | 1.82% | ' | 1.82% |
Allowance as a percentage of loans/leases | 1.92% | ' | 1.92% | ' | 1.92% |
Provisions charged to expense | 338,984 | 350,194 | 1,057,744 | 924,109 | ' |
Loans/leases charged off | -203,724 | -111,326 | -726,395 | -454,590 | ' |
Recoveries on loans/leases previously charged off | 644 | 35,118 | 1,765 | 75,970 | ' |
Residential Real Estate [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Balance, beginning | 1,165,341 | 986,714 | 1,070,328 | 704,946 | ' |
Balance, ending | 1,267,505 | 1,036,909 | 1,267,505 | 1,036,909 | ' |
Allowance for loans/leases individually evaluated for impairment | 206,700 | ' | 206,700 | ' | 105,565 |
Allowance for loans/leases collectively evaluated for impairment | 1,060,805 | ' | 1,060,805 | ' | 964,763 |
Balance, ending | 1,267,505 | 1,036,909 | 1,267,505 | 1,036,909 | ' |
Loans/leases individually evaluated for impairment | 2,060,718 | ' | 2,060,718 | ' | 1,217,256 |
Loans/leases collectively evaluated for impairment | 148,764,438 | ' | 148,764,438 | ' | 114,364,317 |
Loans/Leases receivable | 150,825,156 | ' | 150,825,156 | ' | 115,581,573 |
Allowance as a percentage of loans/leases individually evaluated for impairment | 10.03% | ' | 10.03% | ' | 8.67% |
Allowance as a percentage of loans/leases collectively evaluated for impairment | 0.71% | ' | 0.71% | ' | 0.84% |
Allowance as a percentage of loans/leases | 0.84% | ' | 0.84% | ' | 0.93% |
Provisions charged to expense | 102,523 | 233,226 | 307,196 | 519,751 | ' |
Loans/leases charged off | -13,599 | -183,031 | -126,490 | -187,788 | ' |
Recoveries on loans/leases previously charged off | 13,240 | ' | 16,471 | ' | ' |
Installment and Other Consumer [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Balance, beginning | 822,108 | 1,236,039 | 1,263,434 | 1,269,856 | ' |
Balance, ending | 892,989 | 1,267,516 | 892,989 | 1,267,516 | ' |
Allowance for loans/leases individually evaluated for impairment | 52,567 | ' | 52,567 | ' | 71,992 |
Allowance for loans/leases collectively evaluated for impairment | 840,422 | ' | 840,422 | ' | 1,191,442 |
Balance, ending | 892,989 | 1,267,516 | 892,989 | 1,267,516 | ' |
Loans/leases individually evaluated for impairment | 1,442,182 | ' | 1,442,182 | ' | 687,355 |
Loans/leases collectively evaluated for impairment | 75,784,181 | ' | 75,784,181 | ' | 76,033,159 |
Loans/Leases receivable | 77,226,363 | ' | 77,226,363 | ' | 76,720,514 |
Allowance as a percentage of loans/leases individually evaluated for impairment | 3.64% | ' | 3.64% | ' | 10.47% |
Allowance as a percentage of loans/leases collectively evaluated for impairment | 1.11% | ' | 1.11% | ' | 1.57% |
Allowance as a percentage of loans/leases | 1.16% | ' | 1.16% | ' | 1.65% |
Provisions charged to expense | 71,134 | 54,650 | -321,242 | 264,369 | ' |
Loans/leases charged off | -51,673 | -88,378 | -192,160 | -416,179 | ' |
Recoveries on loans/leases previously charged off | $51,420 | $65,205 | $142,957 | $149,470 | ' |
Note_4_LoansLeases_Receivable_6
Note 4 - Loans/Leases Receivable (Details) - Impaired Loans/Leases (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | |
Impaired Loans/Leases with No Specific Allowance Recorded: | ' | ' | ' | ' |
Recorded Investment | $7,621,951 | ' | $7,621,951 | $4,372,125 |
Unpaid Principal Balance | 8,029,162 | ' | 8,029,162 | 5,320,511 |
Average Recorded Investment | 9,626,276 | 11,115,924 | 9,862,104 | ' |
Interest Income Recognized | 3,993 | 3,513 | 53,739 | ' |
Interest Income Recognized for Cash Payments Received | 3,993 | 3,513 | 53,739 | ' |
Impaired Loans/Leases with Specific Allowance Recorded: | ' | ' | ' | ' |
Recorded Investment | 15,671,237 | ' | 15,671,237 | 19,922,086 |
Unpaid Principal Balance | 16,783,587 | ' | 16,783,587 | 20,197,297 |
Related Allowance | 6,493,658 | 525,110 | 6,493,658 | 4,587,769 |
Average Recorded Investment | 15,043,921 | 15,220,975 | 13,060,921 | ' |
Interest Income Recognized | 38,617 | 88,728 | 63,816 | ' |
Interest Income Recognized for Cash Payments Received | 38,617 | 88,728 | 63,816 | ' |
Total Impaired Loans/Leases: | ' | ' | ' | ' |
Recorded Investment | 23,293,188 | ' | 23,293,188 | 24,294,211 |
Unpaid Principal Balance | 24,812,749 | ' | 24,812,749 | 25,517,808 |
Related Allowance | 6,493,658 | 525,110 | 6,493,658 | 4,587,769 |
Average Recorded Investment | 24,670,197 | 26,336,899 | 22,923,025 | ' |
Interest Income Recognized | 42,610 | 92,241 | 117,555 | ' |
Interest Income Recognized for Cash Payments Received | 42,610 | 92,241 | 117,555 | ' |
Commercial and Industrial [Member] | ' | ' | ' | ' |
Impaired Loans/Leases with No Specific Allowance Recorded: | ' | ' | ' | ' |
Recorded Investment | 701,450 | ' | 701,450 | 438,355 |
Unpaid Principal Balance | 1,108,661 | ' | 1,108,661 | 1,203,710 |
Average Recorded Investment | 834,405 | 754,844 | 796,262 | ' |
Interest Income Recognized | 1,950 | ' | 5,811 | ' |
Interest Income Recognized for Cash Payments Received | 1,950 | ' | 5,811 | ' |
Impaired Loans/Leases with Specific Allowance Recorded: | ' | ' | ' | ' |
Recorded Investment | 1,872,767 | ' | 1,872,767 | 568,597 |
Unpaid Principal Balance | 1,886,717 | ' | 1,886,717 | 590,849 |
Related Allowance | 1,112,008 | ' | 1,112,008 | 280,170 |
Average Recorded Investment | 1,913,841 | 223,917 | 1,044,843 | ' |
Interest Income Recognized | 9,340 | 1,984 | 24,647 | ' |
Interest Income Recognized for Cash Payments Received | 9,340 | 1,984 | 24,647 | ' |
Total Impaired Loans/Leases: | ' | ' | ' | ' |
Recorded Investment | 2,574,217 | ' | 2,574,217 | 1,006,952 |
Unpaid Principal Balance | 2,995,378 | ' | 2,995,378 | 1,794,559 |
Related Allowance | 1,112,008 | ' | 1,112,008 | 280,170 |
Average Recorded Investment | 2,748,246 | 978,761 | 1,841,105 | ' |
Interest Income Recognized | 11,290 | 1,984 | 30,458 | ' |
Interest Income Recognized for Cash Payments Received | 11,290 | 1,984 | 30,458 | ' |
Owner-occupied commercial real estate [Member] | ' | ' | ' | ' |
Impaired Loans/Leases with No Specific Allowance Recorded: | ' | ' | ' | ' |
Recorded Investment | 705,653 | ' | 705,653 | 503,321 |
Unpaid Principal Balance | 705,653 | ' | 705,653 | 503,321 |
Average Recorded Investment | 2,295,969 | 550,725 | 1,517,083 | ' |
Impaired Loans/Leases with Specific Allowance Recorded: | ' | ' | ' | ' |
Recorded Investment | 1,325,513 | ' | 1,325,513 | ' |
Unpaid Principal Balance | 2,170,954 | ' | 2,170,954 | ' |
Related Allowance | 461,491 | ' | 461,491 | ' |
Average Recorded Investment | 1,181,798 | ' | 633,230 | ' |
Total Impaired Loans/Leases: | ' | ' | ' | ' |
Recorded Investment | 2,031,166 | ' | 2,031,166 | 503,321 |
Unpaid Principal Balance | 2,876,607 | ' | 2,876,607 | 503,321 |
Related Allowance | 461,491 | ' | 461,491 | ' |
Average Recorded Investment | 3,477,767 | 550,725 | 2,150,313 | ' |
Commercial construction, land development, and other land [Member] | ' | ' | ' | ' |
Impaired Loans/Leases with No Specific Allowance Recorded: | ' | ' | ' | ' |
Recorded Investment | 1,760,962 | ' | 1,760,962 | 678,523 |
Unpaid Principal Balance | 1,760,962 | ' | 1,760,962 | 678,523 |
Average Recorded Investment | 1,943,718 | 1,323,689 | 2,031,439 | ' |
Interest Income Recognized | ' | 1,701 | ' | ' |
Interest Income Recognized for Cash Payments Received | ' | 1,701 | ' | ' |
Impaired Loans/Leases with Specific Allowance Recorded: | ' | ' | ' | ' |
Recorded Investment | 1,882,762 | ' | 1,882,762 | 3,967,583 |
Unpaid Principal Balance | 1,882,762 | ' | 1,882,762 | 3,967,583 |
Related Allowance | 1,842,784 | ' | 1,842,784 | 1,105,795 |
Average Recorded Investment | 1,897,759 | 2,157,696 | 1,874,976 | ' |
Interest Income Recognized | 1,992 | ' | 7,411 | ' |
Interest Income Recognized for Cash Payments Received | 1,992 | ' | 7,411 | ' |
Total Impaired Loans/Leases: | ' | ' | ' | ' |
Recorded Investment | 3,643,724 | ' | 3,643,724 | 4,646,106 |
Unpaid Principal Balance | 3,643,724 | ' | 3,643,724 | 4,646,106 |
Related Allowance | 1,842,784 | ' | 1,842,784 | 1,105,795 |
Average Recorded Investment | 3,841,477 | 3,481,385 | 3,906,415 | ' |
Interest Income Recognized | 1,992 | 1,701 | 7,411 | ' |
Interest Income Recognized for Cash Payments Received | 1,992 | 1,701 | 7,411 | ' |
Other commercial real estate [Member] | ' | ' | ' | ' |
Impaired Loans/Leases with No Specific Allowance Recorded: | ' | ' | ' | ' |
Recorded Investment | 1,584,704 | ' | 1,584,704 | 495,702 |
Unpaid Principal Balance | 1,584,704 | ' | 1,584,704 | 495,702 |
Average Recorded Investment | 1,739,053 | 5,798,404 | 2,807,422 | ' |
Interest Income Recognized | 354 | ' | 41,127 | ' |
Interest Income Recognized for Cash Payments Received | 354 | ' | 41,127 | ' |
Impaired Loans/Leases with Specific Allowance Recorded: | ' | ' | ' | ' |
Recorded Investment | 9,257,889 | ' | 9,257,889 | 14,738,717 |
Unpaid Principal Balance | 9,510,848 | ' | 9,510,848 | 14,991,676 |
Related Allowance | 2,683,575 | ' | 2,683,575 | 2,899,247 |
Average Recorded Investment | 8,893,535 | 12,036,134 | 8,673,807 | ' |
Interest Income Recognized | 26,484 | 86,744 | 30,957 | ' |
Interest Income Recognized for Cash Payments Received | 26,484 | 86,744 | 30,957 | ' |
Total Impaired Loans/Leases: | ' | ' | ' | ' |
Recorded Investment | 10,842,593 | ' | 10,842,593 | 15,234,419 |
Unpaid Principal Balance | 11,095,552 | ' | 11,095,552 | 15,487,378 |
Related Allowance | 2,683,575 | ' | 2,683,575 | 2,899,247 |
Average Recorded Investment | 10,632,588 | 17,834,538 | 11,481,229 | ' |
Interest Income Recognized | 26,838 | 86,744 | 72,084 | ' |
Interest Income Recognized for Cash Payments Received | 26,838 | 86,744 | 72,084 | ' |
Leases receivable [Member] | ' | ' | ' | ' |
Impaired Loans/Leases with No Specific Allowance Recorded: | ' | ' | ' | ' |
Recorded Investment | 460,298 | ' | 460,298 | 777,645 |
Unpaid Principal Balance | 460,298 | ' | 460,298 | 777,645 |
Average Recorded Investment | 527,153 | 680,817 | 812,758 | ' |
Impaired Loans/Leases with Specific Allowance Recorded: | ' | ' | ' | ' |
Recorded Investment | 238,290 | ' | 238,290 | 221,157 |
Unpaid Principal Balance | 238,290 | ' | 238,290 | 221,157 |
Related Allowance | 134,533 | ' | 134,533 | 125,000 |
Average Recorded Investment | 172,428 | 210,299 | 89,468 | ' |
Total Impaired Loans/Leases: | ' | ' | ' | ' |
Recorded Investment | 698,588 | ' | 698,588 | 998,802 |
Unpaid Principal Balance | 698,588 | ' | 698,588 | 998,802 |
Related Allowance | 134,533 | ' | 134,533 | 125,000 |
Average Recorded Investment | 699,581 | 891,116 | 902,226 | ' |
Residential Real Estate [Member] | ' | ' | ' | ' |
Impaired Loans/Leases with No Specific Allowance Recorded: | ' | ' | ' | ' |
Recorded Investment | 1,404,241 | ' | 1,404,241 | 944,211 |
Unpaid Principal Balance | 1,404,241 | ' | 1,404,241 | 1,127,242 |
Average Recorded Investment | 1,273,943 | 943,926 | 1,033,428 | ' |
Interest Income Recognized | ' | 1,691 | ' | ' |
Interest Income Recognized for Cash Payments Received | ' | 1,691 | ' | ' |
Impaired Loans/Leases with Specific Allowance Recorded: | ' | ' | ' | ' |
Recorded Investment | 656,477 | ' | 656,477 | 273,045 |
Unpaid Principal Balance | 656,477 | ' | 656,477 | 273,045 |
Related Allowance | 206,700 | ' | 206,700 | 105,565 |
Average Recorded Investment | 561,752 | 524,031 | 410,364 | ' |
Interest Income Recognized | 801 | ' | 801 | ' |
Interest Income Recognized for Cash Payments Received | 801 | ' | 801 | ' |
Total Impaired Loans/Leases: | ' | ' | ' | ' |
Recorded Investment | 2,060,718 | ' | 2,060,718 | 1,217,256 |
Unpaid Principal Balance | 2,060,718 | ' | 2,060,718 | 1,400,287 |
Related Allowance | 206,700 | ' | 206,700 | 105,565 |
Average Recorded Investment | 1,835,695 | 1,467,957 | 1,443,792 | ' |
Interest Income Recognized | 801 | 1,691 | 801 | ' |
Interest Income Recognized for Cash Payments Received | 801 | 1,691 | 801 | ' |
Installment and Other Consumer [Member] | ' | ' | ' | ' |
Impaired Loans/Leases with No Specific Allowance Recorded: | ' | ' | ' | ' |
Recorded Investment | 1,004,643 | ' | 1,004,643 | 534,368 |
Unpaid Principal Balance | 1,004,643 | ' | 1,004,643 | 534,368 |
Average Recorded Investment | 1,012,035 | 1,063,519 | 863,712 | ' |
Interest Income Recognized | 1,689 | 121 | 6,801 | ' |
Interest Income Recognized for Cash Payments Received | 1,689 | 121 | 6,801 | ' |
Impaired Loans/Leases with Specific Allowance Recorded: | ' | ' | ' | ' |
Recorded Investment | 437,539 | ' | 437,539 | 152,987 |
Unpaid Principal Balance | 437,539 | ' | 437,539 | 152,987 |
Related Allowance | 52,567 | ' | 52,567 | 71,992 |
Average Recorded Investment | 422,808 | 68,898 | 334,233 | ' |
Total Impaired Loans/Leases: | ' | ' | ' | ' |
Recorded Investment | 1,442,182 | ' | 1,442,182 | 687,355 |
Unpaid Principal Balance | 1,442,182 | ' | 1,442,182 | 687,355 |
Related Allowance | 52,567 | ' | 52,567 | 71,992 |
Average Recorded Investment | 1,434,843 | 1,132,417 | 1,197,945 | ' |
Interest Income Recognized | 1,689 | 121 | 6,801 | ' |
Interest Income Recognized for Cash Payments Received | $1,689 | $121 | $6,801 | ' |
Note_4_LoansLeases_Receivable_7
Note 4 - Loans/Leases Receivable (Details) - Additional Information on Impaired Loans (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 |
Impaired Loans/Leases with No Specific Allowance Recorded: | ' | ' | ' |
Impaired loans with no related allowance recorded investment | $7,621,951 | $4,372,125 | ' |
Impaired loans with no related allowance unpaid principal balance | 8,029,162 | 5,320,511 | ' |
Impaired Loans/Leases with Specific Allowance Recorded: | ' | ' | ' |
Impaired loans with related allowance recorded investment | 15,671,237 | 19,922,086 | ' |
Impaired loans with related allowance unpaid principal balance | 16,783,587 | 20,197,297 | ' |
Impaired loans related allowance | 6,493,658 | 4,587,769 | 525,110 |
Total Impaired Loans/Leases: | ' | ' | ' |
Impaired loans recorded investment | 23,293,188 | 24,294,211 | ' |
Impaired loans unpaid principal balance | 24,812,749 | 25,517,808 | ' |
Impaired loans related allowance | 6,493,658 | 4,587,769 | 525,110 |
Commercial and Industrial [Member] | ' | ' | ' |
Impaired Loans/Leases with No Specific Allowance Recorded: | ' | ' | ' |
Impaired loans with no related allowance recorded investment | 701,450 | 438,355 | ' |
Impaired loans with no related allowance unpaid principal balance | 1,108,661 | 1,203,710 | ' |
Impaired Loans/Leases with Specific Allowance Recorded: | ' | ' | ' |
Impaired loans with related allowance recorded investment | 1,872,767 | 568,597 | ' |
Impaired loans with related allowance unpaid principal balance | 1,886,717 | 590,849 | ' |
Impaired loans related allowance | 1,112,008 | 280,170 | ' |
Total Impaired Loans/Leases: | ' | ' | ' |
Impaired loans recorded investment | 2,574,217 | 1,006,952 | ' |
Impaired loans unpaid principal balance | 2,995,378 | 1,794,559 | ' |
Impaired loans related allowance | 1,112,008 | 280,170 | ' |
Owner-occupied commercial real estate [Member] | ' | ' | ' |
Impaired Loans/Leases with No Specific Allowance Recorded: | ' | ' | ' |
Impaired loans with no related allowance recorded investment | 705,653 | 503,321 | ' |
Impaired loans with no related allowance unpaid principal balance | 705,653 | 503,321 | ' |
Impaired Loans/Leases with Specific Allowance Recorded: | ' | ' | ' |
Impaired loans with related allowance recorded investment | 1,325,513 | ' | ' |
Impaired loans with related allowance unpaid principal balance | 2,170,954 | ' | ' |
Impaired loans related allowance | 461,491 | ' | ' |
Total Impaired Loans/Leases: | ' | ' | ' |
Impaired loans recorded investment | 2,031,166 | 503,321 | ' |
Impaired loans unpaid principal balance | 2,876,607 | 503,321 | ' |
Impaired loans related allowance | 461,491 | ' | ' |
Commercial construction, land development, and other land [Member] | ' | ' | ' |
Impaired Loans/Leases with No Specific Allowance Recorded: | ' | ' | ' |
Impaired loans with no related allowance recorded investment | 1,760,962 | 678,523 | ' |
Impaired loans with no related allowance unpaid principal balance | 1,760,962 | 678,523 | ' |
Impaired Loans/Leases with Specific Allowance Recorded: | ' | ' | ' |
Impaired loans with related allowance recorded investment | 1,882,762 | 3,967,583 | ' |
Impaired loans with related allowance unpaid principal balance | 1,882,762 | 3,967,583 | ' |
Impaired loans related allowance | 1,842,784 | 1,105,795 | ' |
Total Impaired Loans/Leases: | ' | ' | ' |
Impaired loans recorded investment | 3,643,724 | 4,646,106 | ' |
Impaired loans unpaid principal balance | 3,643,724 | 4,646,106 | ' |
Impaired loans related allowance | 1,842,784 | 1,105,795 | ' |
Other commercial real estate [Member] | ' | ' | ' |
Impaired Loans/Leases with No Specific Allowance Recorded: | ' | ' | ' |
Impaired loans with no related allowance recorded investment | 1,584,704 | 495,702 | ' |
Impaired loans with no related allowance unpaid principal balance | 1,584,704 | 495,702 | ' |
Impaired Loans/Leases with Specific Allowance Recorded: | ' | ' | ' |
Impaired loans with related allowance recorded investment | 9,257,889 | 14,738,717 | ' |
Impaired loans with related allowance unpaid principal balance | 9,510,848 | 14,991,676 | ' |
Impaired loans related allowance | 2,683,575 | 2,899,247 | ' |
Total Impaired Loans/Leases: | ' | ' | ' |
Impaired loans recorded investment | 10,842,593 | 15,234,419 | ' |
Impaired loans unpaid principal balance | 11,095,552 | 15,487,378 | ' |
Impaired loans related allowance | 2,683,575 | 2,899,247 | ' |
Leases receivable [Member] | ' | ' | ' |
Impaired Loans/Leases with No Specific Allowance Recorded: | ' | ' | ' |
Impaired loans with no related allowance recorded investment | 460,298 | 777,645 | ' |
Impaired loans with no related allowance unpaid principal balance | 460,298 | 777,645 | ' |
Impaired Loans/Leases with Specific Allowance Recorded: | ' | ' | ' |
Impaired loans with related allowance recorded investment | 238,290 | 221,157 | ' |
Impaired loans with related allowance unpaid principal balance | 238,290 | 221,157 | ' |
Impaired loans related allowance | 134,533 | 125,000 | ' |
Total Impaired Loans/Leases: | ' | ' | ' |
Impaired loans recorded investment | 698,588 | 998,802 | ' |
Impaired loans unpaid principal balance | 698,588 | 998,802 | ' |
Impaired loans related allowance | 134,533 | 125,000 | ' |
Residential Real Estate [Member] | ' | ' | ' |
Impaired Loans/Leases with No Specific Allowance Recorded: | ' | ' | ' |
Impaired loans with no related allowance recorded investment | 1,404,241 | 944,211 | ' |
Impaired loans with no related allowance unpaid principal balance | 1,404,241 | 1,127,242 | ' |
Impaired Loans/Leases with Specific Allowance Recorded: | ' | ' | ' |
Impaired loans with related allowance recorded investment | 656,477 | 273,045 | ' |
Impaired loans with related allowance unpaid principal balance | 656,477 | 273,045 | ' |
Impaired loans related allowance | 206,700 | 105,565 | ' |
Total Impaired Loans/Leases: | ' | ' | ' |
Impaired loans recorded investment | 2,060,718 | 1,217,256 | ' |
Impaired loans unpaid principal balance | 2,060,718 | 1,400,287 | ' |
Impaired loans related allowance | 206,700 | 105,565 | ' |
Installment and Other Consumer [Member] | ' | ' | ' |
Impaired Loans/Leases with No Specific Allowance Recorded: | ' | ' | ' |
Impaired loans with no related allowance recorded investment | 1,004,643 | 534,368 | ' |
Impaired loans with no related allowance unpaid principal balance | 1,004,643 | 534,368 | ' |
Impaired Loans/Leases with Specific Allowance Recorded: | ' | ' | ' |
Impaired loans with related allowance recorded investment | 437,539 | 152,987 | ' |
Impaired loans with related allowance unpaid principal balance | 437,539 | 152,987 | ' |
Impaired loans related allowance | 52,567 | 71,992 | ' |
Total Impaired Loans/Leases: | ' | ' | ' |
Impaired loans recorded investment | 1,442,182 | 687,355 | ' |
Impaired loans unpaid principal balance | 1,442,182 | 687,355 | ' |
Impaired loans related allowance | $52,567 | $71,992 | ' |
Note_4_LoansLeases_Receivable_8
Note 4 - Loans/Leases Receivable (Details) - Loans By Credit Quality Indicators (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally Assigned Risk Rating | $1,185,958,027 | $988,223,491 |
Commercial and Industrial [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally Assigned Risk Rating | 445,104,945 | 371,856,380 |
Commercial and Industrial [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally Assigned Risk Rating | 11,374,381 | 8,008,866 |
Commercial and Industrial [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally Assigned Risk Rating | 14,733,895 | 14,379,006 |
Commercial and Industrial [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally Assigned Risk Rating | 43,753 | 0 |
Commercial and Industrial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally Assigned Risk Rating | 471,256,974 | 394,244,252 |
Owner-occupied commercial real estate [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally Assigned Risk Rating | 249,985,030 | 195,567,523 |
Owner-occupied commercial real estate [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally Assigned Risk Rating | 3,261,364 | 5,488,602 |
Owner-occupied commercial real estate [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally Assigned Risk Rating | 6,095,333 | 3,855,183 |
Owner-occupied commercial real estate [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally Assigned Risk Rating | 158,726 | 0 |
Owner-occupied commercial real estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally Assigned Risk Rating | 259,500,453 | 204,911,308 |
Commercial construction, land development, and other land [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally Assigned Risk Rating | 36,776,727 | 38,125,793 |
Commercial construction, land development, and other land [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally Assigned Risk Rating | 5,292,606 | 1,238,152 |
Commercial construction, land development, and other land [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally Assigned Risk Rating | 7,515,739 | 5,598,436 |
Commercial construction, land development, and other land [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally Assigned Risk Rating | 0 | 0 |
Commercial construction, land development, and other land [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally Assigned Risk Rating | 49,585,072 | 44,962,381 |
Non-owner occupied Commercial Real Estate [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally Assigned Risk Rating | 374,036,916 | 312,370,393 |
Non-owner occupied Commercial Real Estate [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally Assigned Risk Rating | 9,717,356 | 7,319,902 |
Non-owner occupied Commercial Real Estate [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally Assigned Risk Rating | 21,861,256 | 24,415,255 |
Non-owner occupied Commercial Real Estate [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally Assigned Risk Rating | 0 | 0 |
Non-owner occupied Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally Assigned Risk Rating | 405,615,528 | 344,105,550 |
Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally Assigned Risk Rating | 1,105,903,618 | 917,920,089 |
Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally Assigned Risk Rating | 29,645,707 | 22,055,522 |
Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally Assigned Risk Rating | 50,206,223 | 48,247,880 |
Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally Assigned Risk Rating | $202,479 | $0 |
Note_4_LoansLeases_Receivable_9
Note 4 - Loans/Leases Receivable (Details) - Delinquency Status (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | ||
Note 4 - Loans/Leases Receivable (Details) - Delinquency Status [Line Items] | ' | ' | ||
Delinquent Loan Status | $1,185,958,027 | $988,223,491 | ||
Performing [Member] | Leases receivable [Member] | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) - Delinquency Status [Line Items] | ' | ' | ||
Delinquent Loan Status | 120,569,409 | [1] | 102,686,854 | [1] |
Performing [Member] | Residential Real Estate [Member] | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) - Delinquency Status [Line Items] | ' | ' | ||
Delinquent Loan Status | 148,764,438 | [1] | 114,364,316 | [1] |
Performing [Member] | Installment and Other Consumer [Member] | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) - Delinquency Status [Line Items] | ' | ' | ||
Delinquent Loan Status | 75,783,242 | [1] | 75,921,358 | [1] |
Performing [Member] | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) - Delinquency Status [Line Items] | ' | ' | ||
Delinquent Loan Status | 345,117,089 | [1] | 292,972,528 | [1] |
Nonperforming [Member] | Leases receivable [Member] | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) - Delinquency Status [Line Items] | ' | ' | ||
Delinquent Loan Status | 698,588 | [1] | 998,802 | [1] |
Nonperforming [Member] | Residential Real Estate [Member] | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) - Delinquency Status [Line Items] | ' | ' | ||
Delinquent Loan Status | 2,060,718 | [1] | 1,217,257 | [1] |
Nonperforming [Member] | Installment and Other Consumer [Member] | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) - Delinquency Status [Line Items] | ' | ' | ||
Delinquent Loan Status | 1,443,121 | [1] | 799,156 | [1] |
Nonperforming [Member] | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) - Delinquency Status [Line Items] | ' | ' | ||
Delinquent Loan Status | 4,202,427 | [1] | 3,015,215 | [1] |
Delinquent Loans [Member] | Leases receivable [Member] | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) - Delinquency Status [Line Items] | ' | ' | ||
Delinquent Loan Status | 121,267,997 | [1] | 103,685,656 | [1] |
Delinquent Loans [Member] | Residential Real Estate [Member] | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) - Delinquency Status [Line Items] | ' | ' | ||
Delinquent Loan Status | 150,825,156 | [1] | 115,581,573 | [1] |
Delinquent Loans [Member] | Installment and Other Consumer [Member] | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) - Delinquency Status [Line Items] | ' | ' | ||
Delinquent Loan Status | 77,226,363 | [1] | 76,720,514 | [1] |
Delinquent Loans [Member] | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) - Delinquency Status [Line Items] | ' | ' | ||
Delinquent Loan Status | $349,319,516 | [1] | $295,987,743 | [1] |
[1] | Performing =oans/leases accruing and less than 90 days past due. Nonperforming =oans/leases on nonaccrual, accruing loans/leases that are greater than or equal to 90 days past due, and accruing troubled debt restructurings. |
Recovered_Sheet1
Note 4 - Loans/Leases Receivable (Details) - Troubled Debt Restructurings, 3 Months Ended (USD $) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | |
CONCESSION - Extension of maturity | ' | ' | ' | ' | ' |
Number of Loans/Leases | 9 | 4 | 17 | 11 | ' |
Pre-Modification Recorded Investment | $6,779,013 | $1,184,289 | $8,596,173 | $3,448,355 | ' |
Post-Modification Recorded Investment | 6,779,013 | 1,184,289 | 8,596,173 | 3,195,396 | ' |
Specific Allowance | 6,493,658 | 525,110 | 6,493,658 | 525,110 | 4,587,769 |
Extension of Maturity [Member] | Owner-occupied commercial real estate [Member] | ' | ' | ' | ' | ' |
CONCESSION - Extension of maturity | ' | ' | ' | ' | ' |
Number of Loans/Leases | 1 | ' | 1 | ' | ' |
Pre-Modification Recorded Investment | 61,517 | ' | 61,517 | ' | ' |
Post-Modification Recorded Investment | 61,517 | ' | 61,517 | ' | ' |
Extension of Maturity [Member] | Other Non Owner-Occupied Commercial Real Estate [Member] | Loans Modified in Current Period [Member] | ' | ' | ' | ' | ' |
CONCESSION - Extension of maturity | ' | ' | ' | ' | ' |
Specific Allowance | 1,518,303 | 325,923 | 1,518,303 | 325,923 | ' |
Extension of Maturity [Member] | Other Non Owner-Occupied Commercial Real Estate [Member] | ' | ' | ' | ' | ' |
CONCESSION - Extension of maturity | ' | ' | ' | ' | ' |
Number of Loans/Leases | 7 | 4 | 7 | 4 | ' |
Pre-Modification Recorded Investment | 6,637,835 | 1,184,289 | 6,637,835 | 1,184,289 | ' |
Post-Modification Recorded Investment | 6,637,835 | 1,184,289 | 6,637,835 | 1,184,289 | ' |
Specific Allowance | 1,518,303 | 325,923 | 1,518,303 | 325,923 | ' |
Extension of Maturity [Member] | Loans Modified in Current Period [Member] | ' | ' | ' | ' | ' |
CONCESSION - Extension of maturity | ' | ' | ' | ' | ' |
Specific Allowance | 1,518,303 | 325,923 | 1,518,303 | 325,923 | ' |
Extension of Maturity [Member] | ' | ' | ' | ' | ' |
CONCESSION - Extension of maturity | ' | ' | ' | ' | ' |
Number of Loans/Leases | 8 | 4 | 11 | 4 | ' |
Pre-Modification Recorded Investment | 6,699,352 | 1,184,289 | 7,508,846 | 1,184,289 | ' |
Post-Modification Recorded Investment | 6,699,352 | 1,184,289 | 7,508,846 | 1,184,289 | ' |
Specific Allowance | 1,707,003 | 325,923 | 1,707,003 | 325,923 | ' |
Interest Rate Adjusted Below Market [Member] | Other Non Owner-Occupied Commercial Real Estate [Member] | Loans Modified in Current Period [Member] | ' | ' | ' | ' | ' |
CONCESSION - Extension of maturity | ' | ' | ' | ' | ' |
Specific Allowance | ' | 55,187 | ' | 55,187 | ' |
Interest Rate Adjusted Below Market [Member] | Other Non Owner-Occupied Commercial Real Estate [Member] | ' | ' | ' | ' | ' |
CONCESSION - Extension of maturity | ' | ' | ' | ' | ' |
Number of Loans/Leases | ' | 2 | ' | 2 | ' |
Pre-Modification Recorded Investment | ' | 1,542,784 | ' | 1,542,784 | ' |
Post-Modification Recorded Investment | ' | 1,289,825 | ' | 1,289,825 | ' |
Specific Allowance | ' | 55,187 | ' | 55,187 | ' |
Interest Rate Adjusted Below Market [Member] | Residential Real Estate [Member] | Loans Modified in Current Period [Member] | ' | ' | ' | ' | ' |
CONCESSION - Extension of maturity | ' | ' | ' | ' | ' |
Specific Allowance | 24,408 | ' | 24,408 | ' | ' |
Interest Rate Adjusted Below Market [Member] | Residential Real Estate [Member] | ' | ' | ' | ' | ' |
CONCESSION - Extension of maturity | ' | ' | ' | ' | ' |
Number of Loans/Leases | 1 | ' | 2 | 1 | ' |
Pre-Modification Recorded Investment | 79,661 | ' | 240,288 | 167,739 | ' |
Post-Modification Recorded Investment | 79,661 | ' | 240,288 | 167,739 | ' |
Specific Allowance | 24,408 | ' | 24,408 | ' | ' |
Interest Rate Adjusted Below Market [Member] | Loans Modified in Current Period [Member] | ' | ' | ' | ' | ' |
CONCESSION - Extension of maturity | ' | ' | ' | ' | ' |
Specific Allowance | 24,408 | ' | 24,408 | ' | ' |
Interest Rate Adjusted Below Market [Member] | ' | ' | ' | ' | ' |
CONCESSION - Extension of maturity | ' | ' | ' | ' | ' |
Number of Loans/Leases | 1 | ' | 3 | 5 | ' |
Pre-Modification Recorded Investment | 79,661 | ' | 577,788 | 2,064,066 | ' |
Post-Modification Recorded Investment | 79,661 | ' | 577,788 | 1,811,107 | ' |
Specific Allowance | 24,408 | 55,187 | 24,408 | 55,187 | ' |
Owner-occupied commercial real estate [Member] | ' | ' | ' | ' | ' |
CONCESSION - Extension of maturity | ' | ' | ' | ' | ' |
Pre-Modification Recorded Investment | ' | ' | 61,517 | ' | ' |
Specific Allowance | 461,491 | ' | 461,491 | ' | ' |
Residential Real Estate [Member] | ' | ' | ' | ' | ' |
CONCESSION - Extension of maturity | ' | ' | ' | ' | ' |
Specific Allowance | 206,700 | ' | 206,700 | ' | 105,565 |
Loans Modified in Current Period [Member] | ' | ' | ' | ' | ' |
CONCESSION - Extension of maturity | ' | ' | ' | ' | ' |
Specific Allowance | $1,542,711 | $325,923 | $1,542,711 | $325,923 | ' |
Recovered_Sheet2
Note 4 - Loans/Leases Receivable (Details) - Troubled Debt Restructurings, 9 Months Ended (USD $) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | |
CONCESSION - Extension of maturity | ' | ' | ' | ' | ' |
Number of Loans/Leases | 9 | 4 | 17 | 11 | ' |
Pre-Modification Recorded Investment | $6,779,013 | $1,184,289 | $8,596,173 | $3,448,355 | ' |
Post-Modification Recorded Investment | 6,779,013 | 1,184,289 | 8,596,173 | 3,195,396 | ' |
Specific Allowance | 6,493,658 | 525,110 | 6,493,658 | 525,110 | 4,587,769 |
Extension of Maturity [Member] | Commercial and Industrial [Member] | ' | ' | ' | ' | ' |
CONCESSION - Extension of maturity | ' | ' | ' | ' | ' |
Number of Loans/Leases | ' | ' | 3 | ' | ' |
Pre-Modification Recorded Investment | ' | ' | 809,494 | ' | ' |
Post-Modification Recorded Investment | ' | ' | 809,494 | ' | ' |
Specific Allowance | 188,700 | ' | 188,700 | ' | ' |
Extension of Maturity [Member] | Owner-occupied commercial real estate [Member] | ' | ' | ' | ' | ' |
CONCESSION - Extension of maturity | ' | ' | ' | ' | ' |
Number of Loans/Leases | 1 | ' | 1 | ' | ' |
Pre-Modification Recorded Investment | 61,517 | ' | 61,517 | ' | ' |
Post-Modification Recorded Investment | 61,517 | ' | 61,517 | ' | ' |
Extension of Maturity [Member] | Other Non Owner-Occupied Commercial Real Estate [Member] | ' | ' | ' | ' | ' |
CONCESSION - Extension of maturity | ' | ' | ' | ' | ' |
Number of Loans/Leases | 7 | 4 | 7 | 4 | ' |
Pre-Modification Recorded Investment | 6,637,835 | 1,184,289 | 6,637,835 | 1,184,289 | ' |
Post-Modification Recorded Investment | 6,637,835 | 1,184,289 | 6,637,835 | 1,184,289 | ' |
Specific Allowance | 1,518,303 | 325,923 | 1,518,303 | 325,923 | ' |
Extension of Maturity [Member] | ' | ' | ' | ' | ' |
CONCESSION - Extension of maturity | ' | ' | ' | ' | ' |
Number of Loans/Leases | 8 | 4 | 11 | 4 | ' |
Pre-Modification Recorded Investment | 6,699,352 | 1,184,289 | 7,508,846 | 1,184,289 | ' |
Post-Modification Recorded Investment | 6,699,352 | 1,184,289 | 7,508,846 | 1,184,289 | ' |
Specific Allowance | 1,707,003 | 325,923 | 1,707,003 | 325,923 | ' |
Significant Payment Delay [Member] | Owner-occupied commercial real estate [Member] | ' | ' | ' | ' | ' |
CONCESSION - Extension of maturity | ' | ' | ' | ' | ' |
Number of Loans/Leases | ' | ' | 1 | ' | ' |
Pre-Modification Recorded Investment | ' | ' | 47,958 | ' | ' |
Post-Modification Recorded Investment | ' | ' | 47,958 | ' | ' |
Significant Payment Delay [Member] | Residential Real Estate [Member] | ' | ' | ' | ' | ' |
CONCESSION - Extension of maturity | ' | ' | ' | ' | ' |
Number of Loans/Leases | ' | ' | 1 | ' | ' |
Pre-Modification Recorded Investment | ' | ' | 91,581 | ' | ' |
Post-Modification Recorded Investment | ' | ' | 91,581 | ' | ' |
Significant Payment Delay [Member] | Installment and Other Consumer [Member] | ' | ' | ' | ' | ' |
CONCESSION - Extension of maturity | ' | ' | ' | ' | ' |
Number of Loans/Leases | ' | ' | 1 | ' | ' |
Pre-Modification Recorded Investment | ' | ' | 370,000 | ' | ' |
Post-Modification Recorded Investment | ' | ' | 370,000 | ' | ' |
Significant Payment Delay [Member] | Commercial construction, land development, and other land [Member] | ' | ' | ' | ' | ' |
CONCESSION - Extension of maturity | ' | ' | ' | ' | ' |
Number of Loans/Leases | ' | ' | ' | 2 | ' |
Pre-Modification Recorded Investment | ' | ' | ' | 200,000 | ' |
Post-Modification Recorded Investment | ' | ' | ' | 200,000 | ' |
Specific Allowance | ' | 144,000 | ' | 144,000 | ' |
Significant Payment Delay [Member] | ' | ' | ' | ' | ' |
CONCESSION - Extension of maturity | ' | ' | ' | ' | ' |
Number of Loans/Leases | ' | ' | 3 | 2 | ' |
Pre-Modification Recorded Investment | ' | ' | 509,539 | 200,000 | ' |
Post-Modification Recorded Investment | ' | ' | 509,539 | 200,000 | ' |
Specific Allowance | ' | 144,000 | ' | 144,000 | ' |
Interest Rate Adjusted Below Market [Member] | Other Non Owner-Occupied Commercial Real Estate [Member] | ' | ' | ' | ' | ' |
CONCESSION - Extension of maturity | ' | ' | ' | ' | ' |
Number of Loans/Leases | ' | 2 | ' | 2 | ' |
Pre-Modification Recorded Investment | ' | 1,542,784 | ' | 1,542,784 | ' |
Post-Modification Recorded Investment | ' | 1,289,825 | ' | 1,289,825 | ' |
Specific Allowance | ' | 55,187 | ' | 55,187 | ' |
Interest Rate Adjusted Below Market [Member] | Residential Real Estate [Member] | ' | ' | ' | ' | ' |
CONCESSION - Extension of maturity | ' | ' | ' | ' | ' |
Number of Loans/Leases | 1 | ' | 2 | 1 | ' |
Pre-Modification Recorded Investment | 79,661 | ' | 240,288 | 167,739 | ' |
Post-Modification Recorded Investment | 79,661 | ' | 240,288 | 167,739 | ' |
Specific Allowance | 24,408 | ' | 24,408 | ' | ' |
Interest Rate Adjusted Below Market [Member] | Installment and Other Consumer [Member] | ' | ' | ' | ' | ' |
CONCESSION - Extension of maturity | ' | ' | ' | ' | ' |
Number of Loans/Leases | ' | ' | ' | 1 | ' |
Pre-Modification Recorded Investment | ' | ' | ' | 16,043 | ' |
Post-Modification Recorded Investment | ' | ' | ' | 16,043 | ' |
Interest Rate Adjusted Below Market [Member] | Commercial construction, land development, and other land [Member] | ' | ' | ' | ' | ' |
CONCESSION - Extension of maturity | ' | ' | ' | ' | ' |
Number of Loans/Leases | ' | ' | 1 | 1 | ' |
Pre-Modification Recorded Investment | ' | ' | 337,500 | 337,500 | ' |
Post-Modification Recorded Investment | ' | ' | 337,500 | 337,500 | ' |
Interest Rate Adjusted Below Market [Member] | ' | ' | ' | ' | ' |
CONCESSION - Extension of maturity | ' | ' | ' | ' | ' |
Number of Loans/Leases | 1 | ' | 3 | 5 | ' |
Pre-Modification Recorded Investment | 79,661 | ' | 577,788 | 2,064,066 | ' |
Post-Modification Recorded Investment | 79,661 | ' | 577,788 | 1,811,107 | ' |
Specific Allowance | 24,408 | 55,187 | 24,408 | 55,187 | ' |
Commercial and Industrial [Member] | ' | ' | ' | ' | ' |
CONCESSION - Extension of maturity | ' | ' | ' | ' | ' |
Specific Allowance | 1,112,008 | ' | 1,112,008 | ' | 280,170 |
Owner-occupied commercial real estate [Member] | ' | ' | ' | ' | ' |
CONCESSION - Extension of maturity | ' | ' | ' | ' | ' |
Pre-Modification Recorded Investment | ' | ' | 61,517 | ' | ' |
Specific Allowance | 461,491 | ' | 461,491 | ' | ' |
Residential Real Estate [Member] | ' | ' | ' | ' | ' |
CONCESSION - Extension of maturity | ' | ' | ' | ' | ' |
Specific Allowance | 206,700 | ' | 206,700 | ' | 105,565 |
Installment and Other Consumer [Member] | ' | ' | ' | ' | ' |
CONCESSION - Extension of maturity | ' | ' | ' | ' | ' |
Specific Allowance | 52,567 | ' | 52,567 | ' | 71,992 |
Commercial construction, land development, and other land [Member] | ' | ' | ' | ' | ' |
CONCESSION - Extension of maturity | ' | ' | ' | ' | ' |
Specific Allowance | $1,842,784 | ' | $1,842,784 | ' | $1,105,795 |
Note_5_Junior_Subordinated_Deb2
Note 5 - Junior Subordinated Debentures (Details) (USD $) | Sep. 30, 2013 | Mar. 31, 2007 | Sep. 30, 2004 | Sep. 30, 2004 | Sep. 30, 2013 | Mar. 31, 2007 | Sep. 30, 2013 |
Issued in September 2004 [Member] | Issued in September 2004 [Member] | Issued in March 2007 [Member] | Issued in March 2007 [Member] | ||||
Note 5 - Junior Subordinated Debentures (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Face Amount (in Dollars) | $4,125,175 | $3,609,000 | $3,093,000 | ' | ' | ' | ' |
Debt Instrument, Basis Spread on Variable Rate | ' | ' | ' | 2.17% | 2.42% | 1.75% | 2.00% |
Debt Instrument, Unamortized Discount (in Dollars) | $2,529,562 | ' | $2,576,825 | ' | ' | ' | ' |
Note_5_Junior_Subordinated_Deb3
Note 5 - Junior Subordinated Debentures (Details) - Junior Subordinated Debentures (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2004 |
Note 5 - Junior Subordinated Debentures (Details) - Junior Subordinated Debentures [Line Items] | ' | ' | ' |
Note Payable | $40,257,438 | $36,085,000 | ' |
Market Value Discount per ASC 805 | -2,529,562 | ' | -2,576,825 |
QCR Holdings Capital Trust II [Member] | ' | ' | ' |
Note 5 - Junior Subordinated Debentures (Details) - Junior Subordinated Debentures [Line Items] | ' | ' | ' |
Note Payable | 12,372,000 | 12,372,000 | ' |
QCR Holdings Capital Trust III [Member] | ' | ' | ' |
Note 5 - Junior Subordinated Debentures (Details) - Junior Subordinated Debentures [Line Items] | ' | ' | ' |
Note Payable | 8,248,000 | 8,248,000 | ' |
QCR Holdings Capital Trust IV [Member] | ' | ' | ' |
Note 5 - Junior Subordinated Debentures (Details) - Junior Subordinated Debentures [Line Items] | ' | ' | ' |
Note Payable | 5,155,000 | 5,155,000 | ' |
QCR Holdings Capital Trust V [Member] | ' | ' | ' |
Note 5 - Junior Subordinated Debentures (Details) - Junior Subordinated Debentures [Line Items] | ' | ' | ' |
Note Payable | 10,310,000 | 10,310,000 | ' |
Community National Trust II [Member] | ' | ' | ' |
Note 5 - Junior Subordinated Debentures (Details) - Junior Subordinated Debentures [Line Items] | ' | ' | ' |
Note Payable | 3,093,000 | ' | ' |
Community National Trust III [Member] | ' | ' | ' |
Note 5 - Junior Subordinated Debentures (Details) - Junior Subordinated Debentures [Line Items] | ' | ' | ' |
Note Payable | $3,609,000 | ' | ' |
Note_5_Junior_Subordinated_Deb4
Note 5 - Junior Subordinated Debentures (Details) - Non-Consolidated Subsidiaries (USD $) | 9 Months Ended | 12 Months Ended |
In Millions, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Debt Instrument [Line Items] | ' | ' |
Interest rate (in Dollars) | $42,787,000 | ' |
Interest rate | 2.54% | 2.68% |
QCR Holdings Capital Trust II [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Date issued | 29-Feb-04 | ' |
Interest rate (in Dollars) | 12,372,000 | ' |
Interest rate | 3.12% | 3.21% |
QCR Holdings Capital Trust III [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Date issued | 29-Feb-04 | ' |
Interest rate (in Dollars) | 8,248,000 | ' |
Interest rate | 3.12% | 3.21% |
QCR Holdings Capital Trust IV [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Date issued | 31-May-05 | ' |
Interest rate (in Dollars) | 5,155,000 | ' |
Interest rate | 2.07% | 2.14% |
QCR Holdings Capital Trust V [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Date issued | 28-Feb-06 | ' |
Interest rate (in Dollars) | 10,310,000 | ' |
Interest rate | 1.82% | 1.89% |
Community National Trust II [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Date issued | 30-Sep-04 | ' |
Interest rate (in Dollars) | 3,093,000 | ' |
Interest rate | 2.42% | ' |
Community National Trust III [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Date issued | 31-Mar-07 | ' |
Interest rate (in Dollars) | $3,609,000 | ' |
Interest rate | 2.00% | ' |
Note_6_Earnings_Per_Share_Deta
Note 6 - Earnings Per Share (Details) - Earnings Per Share - Basic and Diluted (USD $) | 3 Months Ended | 9 Months Ended | ||||||
Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Earnings Per Share - Basic and Diluted [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' |
Net income | $3,811,944 | $4,045,231 | $3,265,144 | $3,184,510 | $3,273,379 | $3,402,849 | $11,122,319 | $9,860,738 |
Less: Net income attributable to noncontrolling interests | ' | ' | ' | 127,177 | ' | ' | ' | 494,431 |
Net income attributable to QCR Holdings, Inc. | 3,811,944 | ' | ' | 3,057,333 | ' | ' | 11,122,319 | 9,366,307 |
Less: Preferred stock dividends | 810,837 | ' | ' | 810,837 | ' | ' | 2,432,512 | 2,685,248 |
Net income attributable to QCR Holdings, Inc. common stockholders | $3,001,107 | ' | ' | $2,246,496 | ' | ' | $8,689,807 | $6,681,059 |
Earnings per common share attributable to QCR Holdings, Inc. common stockholders | ' | ' | ' | ' | ' | ' | ' | ' |
Basic (in Dollars per share) | $0.52 | ' | ' | $0.45 | ' | ' | $1.62 | $1.37 |
Diluted (in Dollars per share) | $0.51 | ' | ' | $0.44 | ' | ' | $1.59 | $1.35 |
Weighted average common shares outstanding (in Shares) | 5,806,019 | ' | ' | 4,978,699 | ' | ' | 5,375,557 | 4,871,626 |
Weighted average common shares issuable upon exercise of stock options and under the employee stock purchase plan (in Shares) | 109,260 | ' | ' | 101,589 | ' | ' | 106,741 | 66,888 |
Weighted average common and common equivalent shares outstanding (in Shares) | 5,915,279 | ' | ' | 5,080,288 | ' | ' | 5,482,298 | 4,938,514 |
Note_7_Business_Segment_Inform2
Note 7 - Business Segment Information (Details) - Selected Financial Information on the Companybs Business Segments (USD $) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Total revenue | $27,930,896 | $23,604,707 | $78,760,564 | $70,537,426 | ' |
Net interest income | 17,310,336 | 14,629,518 | 47,209,705 | 43,348,464 | ' |
Net income attributable to QCR Holdings, Inc. | 3,811,944 | 3,057,333 | 11,122,319 | 9,366,307 | ' |
Total assets | 2,485,714,438 | 2,023,946,072 | 2,485,714,438 | 2,023,946,072 | 2,093,730,492 |
Provision for loan/lease losses | 1,366,984 | 1,496,194 | 3,944,903 | 3,325,109 | ' |
Goodwill | 3,222,688 | 3,222,688 | 3,222,688 | 3,222,688 | 3,222,688 |
Cored deposit intangible | 3,311,073 | ' | 3,311,073 | ' | ' |
Intercompany Eliminations [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Total revenue | 5,398,152 | 4,542,612 | 16,570,031 | 13,533,609 | ' |
Net interest income | -488,633 | -369,625 | -1,227,643 | -1,127,528 | ' |
Net income attributable to QCR Holdings, Inc. | 3,811,944 | 3,077,515 | 11,122,319 | 9,484,700 | ' |
Total assets | 214,875,126 | 196,448,244 | 214,875,126 | 196,448,244 | ' |
Quad City Bank and Trust [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Total revenue | 12,610,738 | 11,643,674 | 36,476,985 | 36,196,909 | ' |
Net interest income | 8,494,707 | 8,602,967 | 25,371,337 | 25,524,594 | ' |
Net income attributable to QCR Holdings, Inc. | 2,541,293 | 2,586,303 | 6,989,589 | 7,603,033 | ' |
Total assets | 1,248,417,915 | 1,134,296,418 | 1,248,417,915 | 1,134,296,418 | ' |
Provision for loan/lease losses | 674,984 | 350,194 | 2,052,889 | 1,138,109 | ' |
Goodwill | 3,222,688 | 3,222,688 | 3,222,688 | 3,222,688 | ' |
Cedar Rapids Bank and Trust [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Total revenue | 6,614,689 | 6,706,485 | 20,011,520 | 19,829,521 | ' |
Net interest income | 4,100,494 | 4,027,693 | 11,897,163 | 11,691,876 | ' |
Net income attributable to QCR Holdings, Inc. | 1,626,220 | 1,532,946 | 4,971,503 | 4,214,081 | ' |
Total assets | 651,239,436 | 587,057,961 | 651,239,436 | 587,057,961 | ' |
Provision for loan/lease losses | ' | 300,000 | 400,000 | 875,000 | ' |
Rockford Bank and Trust [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Total revenue | 3,457,684 | 2,897,098 | 10,291,554 | 9,665,950 | ' |
Net interest income | 2,421,255 | 2,368,483 | 7,160,723 | 7,259,522 | ' |
Net income attributable to QCR Holdings, Inc. | 445,521 | -313,019 | 1,261,243 | 482,950 | ' |
Total assets | 333,804,180 | 299,947,837 | 333,804,180 | 299,947,837 | ' |
Provision for loan/lease losses | 112,000 | 846,000 | 912,000 | 1,312,000 | ' |
Wealth Management [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Total revenue | 3,391,981 | ' | 4,900,023 | ' | ' |
Net interest income | 2,782,513 | ' | 4,008,125 | ' | ' |
Net income attributable to QCR Holdings, Inc. | 315,587 | ' | 458,786 | ' | ' |
Total assets | 276,428,086 | ' | 276,428,086 | ' | ' |
Provision for loan/lease losses | 580,000 | ' | 580,014 | ' | ' |
Cored deposit intangible | 3,311,073 | ' | 3,311,073 | ' | ' |
All Other [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Total revenue | 1,946,795 | 1,490,297 | 5,488,081 | 4,427,051 | ' |
Net income attributable to QCR Holdings, Inc. | 458,813 | 108,950 | 1,000,558 | 425,356 | ' |
Consolidated [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Total revenue | -5,489,143 | -3,675,459 | -14,977,630 | -13,115,614 | ' |
Net income attributable to QCR Holdings, Inc. | -5,387,434 | -3,935,362 | -14,681,679 | -12,843,813 | ' |
Total assets | ($239,050,305) | ($193,804,388) | ($239,050,305) | ($193,804,388) | ' |
Note_8_Fair_Value_Details_Asse
Note 8 - Fair Value (Details) - Assets Measured at Fair Value on a Recurring Basis (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Securities available for sale: | ' | ' |
Securities available for sale | $572,337,329 | $530,159,986 |
US Government Agencies Debt Securities [Member] | Estimate of Fair Value Measurement [Member] | ' | ' |
Securities available for sale: | ' | ' |
Securities available for sale | 367,524,887 | 338,609,371 |
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Securities available for sale: | ' | ' |
Securities available for sale | 0 | 0 |
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Securities available for sale: | ' | ' |
Securities available for sale | 367,524,887 | 338,609,371 |
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Securities available for sale: | ' | ' |
Securities available for sale | 0 | 0 |
Residential Mortgage Backed Securities [Member] | Estimate of Fair Value Measurement [Member] | ' | ' |
Securities available for sale: | ' | ' |
Securities available for sale | 166,544,470 | 163,601,103 |
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Securities available for sale: | ' | ' |
Securities available for sale | 0 | 0 |
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Securities available for sale: | ' | ' |
Securities available for sale | 166,544,470 | 163,601,103 |
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Securities available for sale: | ' | ' |
Securities available for sale | 0 | 0 |
Residential Mortgage Backed Securities [Member] | ' | ' |
Securities available for sale: | ' | ' |
Securities available for sale | 166,544,470 | 163,601,103 |
US States and Political Subdivisions Debt Securities [Member] | Estimate of Fair Value Measurement [Member] | ' | ' |
Securities available for sale: | ' | ' |
Securities available for sale | 36,459,170 | 26,185,736 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Securities available for sale: | ' | ' |
Securities available for sale | 0 | 0 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Securities available for sale: | ' | ' |
Securities available for sale | 36,459,170 | 26,185,736 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Securities available for sale: | ' | ' |
Securities available for sale | 0 | 0 |
US States and Political Subdivisions Debt Securities [Member] | ' | ' |
Securities available for sale: | ' | ' |
Securities available for sale | 36,459,170 | 26,185,736 |
Equity Securities, Other [Member] | Estimate of Fair Value Measurement [Member] | ' | ' |
Securities available for sale: | ' | ' |
Securities available for sale | 1,808,802 | 1,624,376 |
Equity Securities, Other [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Securities available for sale: | ' | ' |
Securities available for sale | 285,214 | 234,453 |
Equity Securities, Other [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Securities available for sale: | ' | ' |
Securities available for sale | 1,523,588 | 1,389,923 |
Equity Securities, Other [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Securities available for sale: | ' | ' |
Securities available for sale | 0 | 0 |
Equity Securities, Other [Member] | ' | ' |
Securities available for sale: | ' | ' |
Securities available for sale | 1,808,802 | 1,624,376 |
Trust preferred securities [Member] | Estimate of Fair Value Measurement [Member] | ' | ' |
Securities available for sale: | ' | ' |
Securities available for sale | ' | 139,400 |
Trust preferred securities [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Securities available for sale: | ' | ' |
Securities available for sale | ' | 0 |
Trust preferred securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Securities available for sale: | ' | ' |
Securities available for sale | ' | 139,400 |
Trust preferred securities [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Securities available for sale: | ' | ' |
Securities available for sale | ' | 0 |
Trust preferred securities [Member] | ' | ' |
Securities available for sale: | ' | ' |
Securities available for sale | ' | 139,400 |
Impaired Loans/Leases [Member] | Estimate of Fair Value Measurement [Member] | ' | ' |
Securities available for sale: | ' | ' |
Assets measured on a non-recurring basis | 11,239,694 | 18,054,234 |
Impaired Loans/Leases [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Securities available for sale: | ' | ' |
Assets measured on a non-recurring basis | 0 | 0 |
Impaired Loans/Leases [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Securities available for sale: | ' | ' |
Assets measured on a non-recurring basis | 0 | 0 |
Impaired Loans/Leases [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Securities available for sale: | ' | ' |
Assets measured on a non-recurring basis | 11,239,694 | 18,054,234 |
Other Real Estate Owned [Member] | Estimate of Fair Value Measurement [Member] | ' | ' |
Securities available for sale: | ' | ' |
Assets measured on a non-recurring basis | 9,175,463 | 4,270,901 |
Other Real Estate Owned [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Securities available for sale: | ' | ' |
Assets measured on a non-recurring basis | 0 | 0 |
Other Real Estate Owned [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Securities available for sale: | ' | ' |
Assets measured on a non-recurring basis | 0 | 0 |
Other Real Estate Owned [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Securities available for sale: | ' | ' |
Assets measured on a non-recurring basis | 9,175,463 | 4,270,901 |
Estimate of Fair Value Measurement [Member] | ' | ' |
Securities available for sale: | ' | ' |
Securities available for sale | 572,337,329 | 530,159,986 |
Assets measured on a non-recurring basis | 20,415,157 | 22,325,135 |
Fair Value, Inputs, Level 1 [Member] | ' | ' |
Securities available for sale: | ' | ' |
Securities available for sale | 285,214 | 234,453 |
Assets measured on a non-recurring basis | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | ' | ' |
Securities available for sale: | ' | ' |
Securities available for sale | 572,052,115 | 529,925,533 |
Assets measured on a non-recurring basis | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | ' | ' |
Securities available for sale: | ' | ' |
Securities available for sale | 0 | 0 |
Assets measured on a non-recurring basis | $20,415,157 | $22,325,135 |
Note_8_Fair_Value_Details_Quan
Note 8 - Fair Value (Details) - Quantitative Information About Level Fair Value Measurements (USD $) | 9 Months Ended |
In Millions, unless otherwise specified | Sep. 30, 2013 |
Impaired Loans/Leases [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Fair value (in Dollars) | $11,239,694 |
Valuation technique | 'Appraisal of collateral |
Other Real Estate Owned [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Fair value (in Dollars) | $9,175,463 |
Valuation technique | 'Appraisal of collateral |
Minimum [Member] | Impaired Loans/Leases [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Range | -10.00% |
Minimum [Member] | Other Real Estate Owned [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Range | -25.00% |
Maximum [Member] | Impaired Loans/Leases [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Range | -40.00% |
Maximum [Member] | Other Real Estate Owned [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Range | -50.00% |
Note_8_Fair_Value_Details_Carr
Note 8 - Fair Value (Details) - Carrying Values and Estimated Fair Values of Financial Assets and Liabilities (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Note 8 - Fair Value (Details) - Carrying Values and Estimated Fair Values of Financial Assets and Liabilities [Line Items] | ' | ' |
Cash and due from banks | $58,724,270 | $61,568,446 |
Federal funds sold | 48,192,000 | 26,560,000 |
Interest-bearing deposits at financial institutions | 15,862,796 | 22,359,490 |
Investment securities: | ' | ' |
Held to maturity | 131,361,845 | ' |
Held to maturity | 125,292,362 | 73,005,706 |
Available for sale | 572,337,329 | 530,159,986 |
Loans/leases receivable, net | 1,185,958,027 | 988,223,491 |
Deposits: | ' | ' |
Deposits | 1,741,831,975 | 1,374,114,100 |
Other borrowings | 142,646,212 | 138,239,762 |
Nonmaturity Deposits [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Deposits: | ' | ' |
Deposits | 1,295,910,195 | 1,039,572,326 |
Deposits, fair value | 1,295,910,195 | 1,039,572,326 |
Time Deposits [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Deposits: | ' | ' |
Deposits | 445,921,780 | 334,541,774 |
Deposits, fair value | 447,290,000 | 337,343,000 |
Fair Value, Inputs, Level 1 [Member] | ' | ' |
Note 8 - Fair Value (Details) - Carrying Values and Estimated Fair Values of Financial Assets and Liabilities [Line Items] | ' | ' |
Cash and due from banks | 58,724,270 | 61,568,446 |
Cash and due from banks | 58,724,270 | 61,568,446 |
Interest-bearing deposits at financial institutions | 58,724,270 | 61,568,446 |
Investment securities: | ' | ' |
Available for sale | 285,214 | 234,453 |
Fair Value, Inputs, Level 2 [Member] | ' | ' |
Note 8 - Fair Value (Details) - Carrying Values and Estimated Fair Values of Financial Assets and Liabilities [Line Items] | ' | ' |
Federal funds sold | 48,192,000 | 26,560,000 |
Federal funds sold | 48,192,000 | 26,560,000 |
Investment securities: | ' | ' |
Available for sale | 572,052,115 | 529,925,533 |
Loans/leases receivable, net | 1,506,914,312 | 1,250,745,552 |
Loans/leases receivable, net, fair value | 1,521,560,306 | 1,262,090,766 |
Deposits: | ' | ' |
Short-term borrowings | 169,259,562 | 171,082,961 |
Short-term borrowings | 169,259,562 | 171,082,961 |
Federal Home Loan Bank advances | 205,350,000 | 202,350,000 |
Federal Home Loan Bank advances | 216,440,000 | 220,815,000 |
Other borrowings | 142,646,212 | 138,239,762 |
Other borrowings | 154,164,000 | 154,101,000 |
Junior subordinated debentures | 40,257,438 | 36,085,000 |
Junior subordinated debentures | 27,903,509 | 18,786,000 |
Fair Value, Inputs, Level 3 [Member] | ' | ' |
Investment securities: | ' | ' |
Held to maturity | 131,361,845 | 72,079,385 |
Held to maturity | 125,292,362 | 73,005,706 |
Available for sale | 0 | 0 |
Loans/leases receivable, net | 10,407,124 | 16,716,883 |
Loans/leases receivable, net, fair value | 11,239,694 | 18,054,234 |
Interest-bearing Deposits [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Note 8 - Fair Value (Details) - Carrying Values and Estimated Fair Values of Financial Assets and Liabilities [Line Items] | ' | ' |
Cash and due from banks | 15,862,796 | 22,359,490 |
Interest-bearing deposits at financial institutions | 15,862,796 | 22,359,490 |
Interest-bearing deposits at financial institutions | $15,862,796 | $22,359,490 |
Note_9_Sales_of_Certain_Branch2
Note 9 - Sales of Certain Branches of CNB and Merger of CNB into CRBT (Details) - Assets and Liabilities Sold (Subsequent Event [Member], USD $) | 0 Months Ended | 0 Months Ended | |
Oct. 04, 2013 | Oct. 11, 2013 | Oct. 11, 2013 | |
Mason City Branch [Member] | Austin Branch [Member] | ||
Business Acquisition [Line Items] | ' | ' | ' |
Cash | $29,905,991 | $519,627 | ' |
Loans receivable | 22,709,735 | 31,749,135 | ' |
Premises and equipment | 776,782 | 1,597,040 | ' |
Core deposit intangible, net, related to deposits sold | 910,415 | 480,347 | ' |
Other assets | 68,456 | 70,443 | ' |
Total assets sold | 54,371,379 | 34,416,592 | ' |
LIABILITIES | ' | ' | ' |
Deposits | 55,191,930 | 35,830,168 | ' |
Other liabilities | 53,422 | 46,668 | ' |
Total liabilties sold | 55,245,352 | 35,876,836 | ' |
Gain on sale, pre-tax | $873,973 | ' | $1,460,244 |