Document_And_Entity_Informatio
Document And Entity Information (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Feb. 28, 2014 | Jun. 30, 2013 | |
Document and Entity Information [Abstract] | ' | ' | ' |
Entity Registrant Name | 'QCR HOLDINGS INC | ' | ' |
Document Type | '10-K | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 7,898,059 | ' |
Entity Public Float | ' | ' | $74,572,956 |
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 | 31-Dec-13 | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Assets | ' | ' |
Cash and due from banks | $41,950,790 | $61,568,446 |
Federal funds sold | 39,435,000 | 26,560,000 |
Interest-bearing deposits at financial institutions | 33,044,917 | 22,359,490 |
Securities held to maturity, at amortized cost | 145,451,895 | 72,079,385 |
Securities available for sale, at fair value | 551,758,458 | 530,159,986 |
697,210,353 | 602,239,371 | |
Loans receivable, held for sale | 1,358,290 | 4,577,233 |
Loans/leases receivable, held for investment | 1,458,921,268 | 1,282,810,406 |
1,460,279,558 | 1,287,387,639 | |
Less allowance for estimated losses on loans/leases | -21,448,048 | -19,925,204 |
1,438,831,510 | 1,267,462,435 | |
Premises and equipment, net | 36,755,364 | 31,262,390 |
Goodwill | 3,222,688 | 3,222,688 |
Core deposit intangible | 1,870,433 | ' |
Bank-owned life insurance | 52,002,041 | 45,620,489 |
Restricted investment securities | 17,027,625 | 15,747,850 |
Other real estate owned, net | 9,729,053 | 3,954,538 |
Other assets | 23,873,150 | 13,732,795 |
Total assets | 2,394,952,924 | 2,093,730,492 |
Deposits: | ' | ' |
Noninterest-bearing | 542,566,087 | 450,659,723 |
Interest-bearing | 1,104,425,156 | 923,454,377 |
Total deposits | 1,646,991,243 | 1,374,114,100 |
Short-term borrowings | 149,292,967 | 171,082,961 |
Federal Home Loan Bank advances | 231,350,000 | 202,350,000 |
Other borrowings | 142,448,362 | 138,239,762 |
Junior subordinated debentures | 40,289,830 | 36,085,000 |
Other liabilities | 37,003,742 | 31,424,848 |
Total liabilities | 2,247,376,144 | 1,953,296,671 |
Commitments and Contingencies | 0 | 0 |
Stockholders' Equity: | ' | ' |
Preferred stock, $1 par value, shares authorized 250,000 | 29,867 | 54,867 |
Common stock, $1 par value; shares authorized 20,000,000 | 8,005,708 | 5,039,448 |
Additional paid-in capital | 90,154,528 | 78,912,791 |
Retained earnings | 64,637,173 | 53,326,542 |
Accumulated other comprehensive income (loss) | -13,643,986 | 4,706,683 |
Less treasury stock, December 2013 and 2012 - 121,246 common shares, at cost | -1,606,510 | -1,606,510 |
Total stockholders' equity | 147,576,780 | 140,433,821 |
Total liabilities and stockholders' equity | $2,394,952,924 | $2,093,730,492 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parentheticals) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Preferred stock, par value (in Dollars per share) | $1 | $1 |
Preferred stock, shares authorized | 250,000 | 250,000 |
Preferred stock, shares issued | 29,867 | 54,867 |
Preferred stock, shares outstanding | 29,867 | 54,867 |
Common stock, par value (in Dollars per share) | $1 | $1 |
Common stock, shares authorized | 20,000,000 | 20,000,000 |
Common stock, shares issued | 8,005,708 | 5,039,448 |
Common stock, shares outstanding | 7,884,462 | 4,918,202 |
Treasury Stock, shares | 121,246 | 121,246 |
Consolidated_Statements_Of_Inc
Consolidated Statements Of Income (USD $) | 12 Months Ended | |||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||
Interest and dividend income: | ' | ' | ' | |
Loans/leases, including fees | $66,810,952 | $63,363,520 | $64,807,673 | |
Securities: | ' | ' | ' | |
Taxable | 10,061,066 | 10,781,300 | 10,877,832 | |
Nontaxable | 4,147,050 | 2,339,579 | 983,040 | |
Interest-bearing deposits at financial institutions | 275,352 | 378,566 | 404,879 | |
Restricted investment securities | 558,946 | 507,281 | 557,698 | |
Federal funds sold | 18,592 | 5,627 | 92,126 | |
Total interest and dividend income | 81,871,958 | 77,375,873 | 77,723,248 | |
Interest expense: | ' | ' | ' | |
Deposits | 4,714,306 | 6,218,713 | 8,939,056 | |
Short-term borrowings | 293,020 | 248,545 | 290,450 | |
Federal Home Loan Bank advances | 6,863,216 | 7,279,599 | 7,972,025 | |
Other borrowings | 4,753,260 | 4,940,970 | 5,149,022 | |
Junior subordinated debentures | 1,142,719 | 1,038,786 | 1,227,839 | |
Total interest expense | 17,766,521 | 19,726,613 | 23,578,392 | |
Net interest income | 64,105,437 | 57,649,260 | 54,144,856 | |
Provision for loan/lease losses | 5,930,420 | 4,370,767 | 6,616,014 | |
Net interest income after provision for loan/lease losses | 58,175,017 | 53,278,493 | 47,528,842 | |
Noninterest income: | ' | ' | ' | |
Trust department fees | 4,941,681 | 3,632,278 | 3,368,995 | |
Investment advisory and management fees | 2,580,140 | 2,361,159 | 2,108,918 | |
Deposit service fees | 4,267,162 | 3,485,929 | 3,493,001 | |
Gains on sales of residential real estate loans, net | 836,065 | 1,388,142 | 999,162 | |
Gains on sales of government guaranteed portions of loans, net | 2,148,979 | 1,069,565 | 1,565,881 | |
Securities gains | 432,492 | 104,600 | 1,472,528 | |
Earnings on bank-owned life insurance | 1,786,023 | 1,609,208 | 1,445,891 | |
Bargain purchase gain on Community National Acquisition | 1,841,385 | ' | ' | |
Gains on sales of certain Community National Bank branches | 2,334,216 | 580,000 | ' | |
Credit card issuing fees, net of processing costs | 174,258 | 599,164 | 500,544 | |
Losses on other real estate owned, net | -545,340 | -1,332,972 | -374,910 | |
Other | 5,016,767 | 3,704,222 | 2,881,868 | |
Total noninterest income | 25,813,828 | 16,621,295 | 17,461,878 | |
Noninterest expenses: | ' | ' | ' | |
Salaries and employee benefits | 37,510,318 | 33,274,509 | 30,365,020 | |
Occupancy and equipment expense | 6,712,468 | 5,635,257 | 5,297,949 | |
Professional and data processing fees | 6,424,594 | 4,317,939 | 4,461,187 | |
FDIC and other insurance | 2,587,041 | 2,330,611 | 2,698,282 | |
Loan/lease expense | 1,521,523 | 1,041,824 | 2,160,674 | |
Advertising and marketing | 1,726,314 | 1,445,476 | 1,288,797 | |
Postage and telephone | 1,069,142 | 959,708 | 937,557 | |
Stationery and supplies | 562,301 | 541,122 | 516,873 | |
Bank service charges | 1,144,757 | 853,895 | 725,717 | |
Acquisition and data conversion costs | 2,353,162 | ' | ' | |
Prepayment fees on Federal Home Loan Bank advances | ' | ' | 832,099 | |
Other-than-temporary impairment losses on securities | ' | 62,400 | 118,847 | |
Other | 2,821,038 | 1,796,206 | 1,589,650 | |
Total noninterest expenses | 64,432,658 | 52,258,947 | 50,992,652 | |
Income before income taxes | 19,556,187 | 17,640,841 | 13,998,068 | |
Federal and state income tax expense | 4,617,942 | 4,534,601 | 3,868,199 | |
Net income | 14,938,245 | 13,106,240 | 10,129,869 | |
Less: net income attributable to noncontrolling interests | ' | 488,473 | 438,221 | |
Net income attributable to QCR Holdings, Inc. | 14,938,245 | 12,617,767 | 9,691,648 | |
Less: preferred stock dividends and discount accretion | 3,168,302 | 3,496,085 | 5,283,885 | [1] |
Net income attributable to QCR Holdings, Inc. common stockholders | $11,769,943 | $9,121,682 | $4,407,763 | |
Basic earnings per common share (in Dollars per share) | $2.13 | $1.88 | $0.93 | |
Diluted earnings per common share (in Dollars per share) | $2.08 | $1.85 | $0.92 | |
Weighted average common shares outstanding (in Shares) | 5,531,948 | 4,844,776 | 4,724,781 | |
Weighted average common and common equivalent shares outstanding (in Shares) | 5,646,926 | 4,919,559 | 4,789,026 | |
Cash dividends declared per common share (in Dollars per share) | $0.08 | $0.08 | $0.08 | |
[1] | For the year ended December 31, 2011, includes approximately $1.2 million of accelerated accretion of discount on the redemption of Series D Preferred Stock during the third quarter of 2011. See Note 11 for additional information. |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Net income | $14,938,245 | $13,106,240 | $10,129,869 |
Unrealized gains (losses) on securities available for sale: | ' | ' | ' |
Unrealized holding gains (losses) arising during the period before tax | -29,292,079 | -40,839 | 7,914,236 |
Less reclassification adjustment for gains included in net income before tax | 432,492 | 42,200 | 1,353,681 |
-29,724,571 | -83,039 | 6,560,555 | |
Tax expense (benefit) | -11,373,902 | -35,008 | 2,510,006 |
Other comprehensive income (loss), net of tax | -18,350,669 | -48,031 | 4,050,549 |
Comprehensive income (loss) attributable to QCR Holdings, Inc. | ($3,412,424) | $13,058,209 | $14,180,418 |
Consolidated_Statement_of_Chan
Consolidated Statement of Changes in Stockholders' Equity (USD $) | Preferred Stock [Member] | Preferred Stock [Member] | Preferred Stock [Member] | Preferred Stock [Member] | Common Stock [Member] | Common Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Additional Paid-in Capital [Member] | Additional Paid-in Capital [Member] | Additional Paid-in Capital [Member] | Additional Paid-in Capital [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Noncontrolling Interest [Member] | Treasury Stock [Member] | Series F Noncumulative Perpetual Preferred Stock [Member] | Series D Cumulative Perpetual Preferred Stock [Member] | Warrants Associated With Series D Cumulative Perpetual Preferred Stock [Member] | Series A Subordinated Notes and Detachable Warrants [Member] | Total | |
Series F Noncumulative Perpetual Preferred Stock [Member] | Series D Cumulative Perpetual Preferred Stock [Member] | Series E Non-Cumulative Perpetual Preferred Stock [Member] | Series A Subordinated Notes and Detachable Warrants [Member] | Series E Non-Cumulative Perpetual Preferred Stock [Member] | Series F Noncumulative Perpetual Preferred Stock [Member] | Series D Cumulative Perpetual Preferred Stock [Member] | Warrants Associated With Series D Cumulative Perpetual Preferred Stock [Member] | Series A Subordinated Notes and Detachable Warrants [Member] | Series E Non-Cumulative Perpetual Preferred Stock [Member] | ||||||||||||||
Balance at Dec. 31, 2010 | ' | ' | ' | $63,237 | ' | ' | $4,732,428 | ' | ' | ' | ' | ' | $86,478,269 | $40,550,900 | $704,165 | $1,648,219 | ($1,606,510) | ' | ' | ' | ' | $132,570,708 | |
Net income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9,691,648 | ' | 438,221 | ' | ' | ' | ' | ' | 10,129,869 | |
Other comprehensive income (loss), net of tax | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,050,549 | ' | ' | ' | ' | ' | ' | 4,050,549 | |
Common cash dividends declared, $0.08 per share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -372,761 | ' | ' | ' | ' | ' | ' | ' | -372,761 | |
Preferred cash dividends declared and accrued | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -3,694,441 | ' | ' | ' | ' | ' | ' | ' | -3,694,441 | |
Discount accretion on cumulative preferred stock * | [1] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,589,444 | -1,589,444 | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from issuance of 40,090 shares of Series F Non-Cumulative Perpetual Preferred Stock | 40,090 | ' | ' | ' | ' | ' | ' | 39,956,832 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 39,996,922 | ' | ' | ' | ' | |
Redemption of preferred stock | ' | -38,237 | ' | ' | ' | ' | ' | ' | -38,198,763 | -1,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | -38,237,000 | -1,100,000 | ' | ' | |
Proceeds from issuance of common stock as a result of stock purchased under the Employee Stock Purchase Plan | ' | ' | ' | ' | ' | ' | 36,174 | ' | ' | ' | ' | ' | 207,592 | ' | ' | ' | ' | ' | ' | ' | ' | 243,766 | |
Proceeds from issuance of common stock as a result of stock options exercised | ' | ' | ' | ' | ' | ' | 36,459 | ' | ' | ' | ' | ' | 216,765 | ' | ' | ' | ' | ' | ' | ' | ' | 253,224 | |
Exchange of common stock in connection with stock options exercised | ' | ' | ' | ' | ' | ' | -2,550 | ' | ' | ' | ' | ' | -17,101 | ' | ' | ' | ' | ' | ' | ' | ' | -19,651 | |
Stock-based compensation expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 646,419 | ' | ' | ' | ' | ' | ' | ' | ' | 646,419 | |
Restricted stock awards | ' | ' | ' | ' | ' | ' | 76,924 | ' | ' | ' | ' | ' | -76,924 | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
Distributions to noncontrolling interests | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -34,902 | ' | ' | ' | ' | ' | -34,902 | |
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 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 12,617,767 | ' | 488,473 | ' | ' | ' | ' | ' | 13,106,240 | |
Other comprehensive income (loss), net of tax | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -48,031 | ' | ' | ' | ' | ' | ' | -48,031 | |
Common cash dividends declared, $0.08 per share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -381,042 | ' | ' | ' | ' | ' | ' | ' | -381,042 | |
Preferred cash dividends declared and accrued | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -3,496,085 | ' | ' | ' | ' | ' | ' | ' | -3,496,085 | |
Redemption of 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 | ' | ' | ' | ' | ' | ' | 31,554 | ' | ' | ' | ' | ' | 249,316 | ' | ' | ' | ' | ' | ' | ' | ' | 280,870 | |
Proceeds from issuance of common stock as a result of stock options exercised | ' | ' | ' | ' | ' | ' | 17,876 | ' | ' | ' | ' | ' | 155,428 | ' | ' | ' | ' | ' | ' | ' | ' | 173,304 | |
Exchange of common stock in connection with stock options exercised | ' | ' | ' | ' | ' | ' | -611 | ' | ' | ' | ' | ' | -7,125 | ' | ' | ' | ' | ' | ' | ' | ' | -7,736 | |
Exchange of shares of common stock in connection with payroll taxes for restricted stock | ' | ' | ' | ' | ' | ' | -576 | ' | ' | ' | ' | ' | -2,103 | ' | ' | ' | ' | ' | ' | ' | ' | -2,679 | |
Proceeds from exercise of warrants to purchase 54,000 shares of common stock issued in conjunction with the Series A Subordinated Notes | ' | ' | ' | ' | 54,000 | ' | ' | ' | ' | ' | 486,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 540,000 | 540,000 | |
Stock-based compensation expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 849,760 | ' | ' | ' | ' | ' | ' | ' | ' | 849,760 | |
Restricted stock awards | ' | ' | ' | ' | ' | ' | 57,770 | ' | ' | ' | ' | ' | -57,770 | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
Purchase of noncontrolling interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -2,250,471 | ' | ' | -2,531,748 | ' | ' | ' | ' | ' | -4,782,219 | |
Distributions to noncontrolling interests | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -8,263 | ' | ' | ' | ' | ' | -8,263 | |
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 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 14,938,245 | ' | ' | ' | ' | ' | ' | ' | 14,938,245 | |
Other comprehensive income (loss), net of tax | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -18,350,669 | ' | ' | ' | ' | ' | ' | -18,350,669 | |
Common cash dividends declared, $0.08 per share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -459,312 | ' | ' | ' | ' | ' | ' | ' | -459,312 | |
Preferred cash dividends declared and accrued | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -3,168,302 | ' | ' | ' | ' | ' | ' | ' | -3,168,302 | |
Issuance of 834,715 shares of common stock as a result of the acquisition of Community National Bancorporation, net | ' | ' | ' | ' | ' | ' | 834,715 | ' | ' | ' | ' | ' | 12,181,894 | ' | ' | ' | ' | ' | ' | ' | ' | 13,016,609 | |
Conversion of 25,000 shares of Series E Non-cumulative Perpetual Preferred Stock to 2,057,502 shares of common stock | ' | ' | -25,000 | ' | ' | 2,057,502 | ' | ' | ' | ' | ' | -2,032,502 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
Proceeds from issuance of common stock as a result of stock purchased under the Employee Stock Purchase Plan | ' | ' | ' | ' | ' | ' | 27,110 | ' | ' | ' | ' | ' | 304,396 | ' | ' | ' | ' | ' | ' | ' | ' | 331,506 | |
Proceeds from issuance of common stock as a result of stock options exercised | ' | ' | ' | ' | ' | ' | 41,258 | ' | ' | ' | ' | ' | 373,519 | ' | ' | ' | ' | ' | ' | ' | ' | 414,777 | |
Exchange of common stock in connection with stock options exercised | ' | ' | ' | ' | ' | ' | -7,679 | ' | ' | ' | ' | ' | -120,955 | ' | ' | ' | ' | ' | ' | ' | ' | -128,634 | |
Exchange of shares of common stock in connection with payroll taxes for restricted stock | ' | ' | ' | ' | ' | ' | -16,798 | ' | ' | ' | ' | ' | -289,113 | ' | ' | ' | ' | ' | ' | ' | ' | -305,911 | |
Stock-based compensation expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 792,279 | ' | ' | ' | ' | ' | ' | ' | ' | 792,279 | |
Tax benefit of nonqualified stock options exercised | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 62,371 | ' | ' | ' | ' | ' | ' | ' | ' | 62,371 | |
Restricted stock awards | ' | ' | ' | ' | ' | ' | 30,152 | ' | ' | ' | ' | ' | -30,152 | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
Balance at Dec. 31, 2013 | ' | ' | ' | $29,867 | ' | ' | $8,005,708 | ' | ' | ' | ' | ' | $90,154,528 | $64,637,173 | ($13,643,986) | ' | ($1,606,510) | ' | ' | ' | ' | $147,576,780 | |
[1] | Includes $1,252,895 of accelerated discount accretion as a result of redeeming Series D Cumulative Perpetual Preferred Stock. |
Consolidated_Statement_of_Chan1
Consolidated Statement of Changes in Stockholders' Equity (Parentheticals) (USD $) | 12 Months Ended | ||||||||
Dec. 31, 2011 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2011 | |
Preferred Stock [Member] | Preferred Stock [Member] | Preferred Stock [Member] | Preferred Stock [Member] | Common Stock [Member] | Common Stock [Member] | Common Stock [Member] | Warrants Associated With Series D Cumulative Perpetual Preferred Stock [Member] | ||
Series F Noncumulative Perpetual Preferred Stock [Member] | Series F Noncumulative Perpetual Preferred Stock [Member] | Series D Cumulative Perpetual Preferred Stock [Member] | Series E Non-Cumulative Perpetual Preferred Stock [Member] | ||||||
Common cash dividends (in Dollars per share) | $0.08 | ' | ' | ' | ' | ' | ' | ' | ' |
Accretion on cumulative preferred stock (in Dollars) | $1,252,895 | ' | ' | ' | ' | ' | ' | ' | ' |
Share issuance | ' | ' | 40,090 | ' | ' | ' | ' | ' | ' |
Redemption, shares | ' | 10,223 | ' | 38,237 | ' | ' | ' | ' | 521,888 |
Share issuance, Employee Stock Purchase Plan | ' | ' | ' | ' | ' | 27,110 | 31,554 | 36,174 | ' |
Share issuance, stock options exercised | 36,459 | ' | ' | ' | ' | 41,258 | 17,876 | 36,459 | ' |
Share exchange, stock options exercised | ' | ' | ' | ' | ' | 7,679 | 611 | -2,550 | ' |
Share exchange in connection with restricted stock | ' | ' | ' | ' | ' | 16,798 | 576 | ' | ' |
Exercise of warrants | ' | ' | ' | ' | ' | ' | 54,000 | ' | ' |
Share issuance, acquisition | ' | ' | ' | ' | ' | 834,715 | ' | ' | ' |
Share conversion, shares converted | ' | ' | ' | ' | 25,000 | ' | ' | ' | ' |
Share conversion, shares issued | ' | ' | ' | ' | ' | 2,057,502 | ' | ' | ' |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 12 Months Ended | |||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||||
Credit Card Issuing Operations [Member] | Common Stock [Member] | Common Stock [Member] | Common Stock [Member] | |||||||
Cash Flows from Operating Activities: | ' | ' | ' | ' | ' | ' | ' | |||
Net income | $14,938,245 | $13,106,240 | $10,129,869 | ' | ' | ' | ' | |||
Adjustments to reconcile net income to net cash provided by operating activities | ' | ' | ' | ' | ' | ' | ' | |||
Depreciation | 2,695,578 | 2,350,303 | 2,442,896 | ' | ' | ' | ' | |||
Provision for loan/lease losses | 5,930,420 | 4,370,767 | 6,616,014 | ' | ' | ' | ' | |||
Deferred income taxes | -1,021,991 | 2,684,367 | 3,673,064 | ' | ' | ' | ' | |||
Stock-based compensation expense | 792,279 | 849,760 | 696,407 | ' | ' | ' | ' | |||
Deferred compensation expense accrued | 822,335 | 844,844 | 604,583 | ' | ' | ' | ' | |||
Losses on other real estate owned, net | 545,340 | 1,332,972 | 374,910 | ' | ' | ' | ' | |||
Amortization of premiums on securities, net | 3,574,097 | 3,946,551 | 3,487,361 | ' | ' | ' | ' | |||
Securities gains, net | -432,492 | -104,600 | -1,472,528 | ' | ' | ' | ' | |||
Other-than-temporary impairment losses on securities | ' | 62,400 | 118,847 | ' | ' | ' | ' | |||
Loans originated for sale | -80,027,780 | -120,430,173 | -100,789,010 | ' | ' | ' | ' | |||
Proceeds on sales of loans | 86,231,767 | 122,143,407 | 113,606,152 | ' | ' | ' | ' | |||
Gains on sales of residential real estate loans, net | -836,065 | -1,388,142 | -999,162 | ' | ' | ' | ' | |||
Gains on sales of government guaranteed portions of loans, net | -2,148,979 | -1,069,565 | -1,565,881 | ' | ' | ' | ' | |||
Gain on sale of credit card loan receivables | -495,405 | ' | ' | ' | ' | ' | ' | |||
Gain on sale of business | -2,334,216 | ' | ' | -355,268 | ' | ' | ' | |||
Prepayment fees on Federal Home Loan Bank advances | ' | ' | 832,099 | ' | ' | ' | ' | |||
Increase in cash value of bank-owned life insurance | -1,786,023 | -1,609,208 | -1,445,891 | ' | ' | ' | ' | |||
Decrease (increase) in other assets | 7,650,490 | 771,424 | -1,588,258 | ' | ' | ' | ' | |||
Increase in other liabilities | 1,017,133 | 2,793,570 | 1,918,804 | ' | ' | ' | ' | |||
Net cash provided by operating activities | 32,036,253 | 30,654,917 | 36,640,276 | ' | ' | ' | ' | |||
Bargain purchase gain on Community National acquisition | -1,841,385 | ' | ' | ' | ' | ' | ' | |||
Amortization of core deposit intangible | 178,881 | ' | ' | ' | ' | ' | ' | |||
Accretion of acquisition fair value adjustments, net | -1,060,708 | ' | ' | ' | ' | ' | ' | |||
Cash Flows from Investing Activities: | ' | ' | ' | ' | ' | ' | ' | |||
Net (increase) decrease in federal funds sold | -540,000 | -5,775,000 | 41,175,000 | ' | ' | ' | ' | |||
Net (increase) decrease in interest-bearing deposits at financial institutions | -8,660,888 | 4,391,112 | 12,995,009 | ' | ' | ' | ' | |||
Proceeds from sales of other real estate owned | 1,345,479 | 5,241,265 | 9,220,631 | ' | ' | ' | ' | |||
Activity in securities portfolio: | ' | ' | ' | ' | ' | ' | ' | |||
Purchases | -312,970,498 | -474,461,164 | -622,245,920 | ' | ' | ' | ' | |||
Calls, maturities and redemptions | 147,264,900 | 374,292,050 | 422,870,000 | ' | ' | ' | ' | |||
Paydowns | 46,098,773 | 39,956,569 | 9,094,080 | ' | ' | ' | ' | |||
Sales | 37,393,047 | 19,215,075 | 54,326,191 | ' | ' | ' | ' | |||
Activity in restricted investment securities: | ' | ' | ' | ' | ' | ' | ' | |||
Purchases | -7,264,600 | -4,584,300 | -292,800 | ' | ' | ' | ' | |||
Redemptions | 7,244,200 | 4,090,050 | 1,707,900 | ' | ' | ' | ' | |||
Purchases of bank-owned life insurance | ' | -2,000,000 | -7,000,000 | ' | ' | ' | ' | |||
Net increase in loans/leases originated and held for investment | -55,311,462 | -91,275,511 | -56,096,989 | ' | ' | ' | ' | |||
Purchase of premises and equipment | -2,430,353 | -1,871,942 | -3,064,903 | ' | ' | ' | ' | |||
Proceeds from sale of credit card loan receivables | 10,674,723 | ' | ' | ' | ' | ' | ' | |||
Net cash received from Community National Acquisition | 3,025,073 | ' | ' | ' | ' | ' | ' | |||
Net cash paid on sales of certain branches of Community National Bank | -30,425,618 | ' | ' | ' | ' | ' | ' | |||
Net cash used in investing activities | -164,557,224 | -132,781,796 | -137,311,801 | ' | ' | ' | ' | |||
Cash Flows from Financing Activities: | ' | ' | ' | ' | ' | ' | ' | |||
Net increase in deposits | 108,923,293 | 168,656,312 | 90,641,931 | ' | ' | ' | ' | |||
Net (decrease) increase in short-term borrowings | -21,789,994 | -42,453,489 | 72,381,951 | ' | ' | ' | ' | |||
Activity in Federal Home Loan Bank advances: | ' | ' | ' | ' | ' | ' | ' | |||
Advances | 77,000,000 | 13,000,000 | 5,000,000 | ' | ' | ' | ' | |||
Calls and maturities | -48,000,000 | -15,400,000 | -24,000,000 | ' | ' | ' | ' | |||
Prepayments | ' | ' | -15,832,099 | ' | ' | ' | ' | |||
Net (decrease) increase in other borrowings | -200,000 | 8,099 | -14,939,122 | ' | ' | ' | ' | |||
Proceeds from other borrowings term note | 10,000,000 | ' | ' | ' | ' | ' | ' | |||
Advance (payment) on 364-day revolving note | -5,600,000 | 2,000,000 | 1,100,000 | ' | ' | ' | ' | |||
Repayment of Community National's other borrowings at acquisition | -3,950,000 | ' | ' | ' | ' | ' | ' | |||
Payment of cash dividends on common and preferred stock | -4,062,726 | -4,088,949 | -3,712,493 | ' | ' | ' | ' | |||
Repurchase of 521,888 shares of common stock warrants issued in conjunction with Series D Cumulative Perpetual Preferred Stock | ' | ' | -1,100,000 | ' | ' | ' | ' | |||
Proceeds from issuance of stock | ' | ' | ' | ' | 582,742 | 994,174 | 477,339 | |||
Purchase of noncontrolling interests | ' | -1,934,532 | ' | ' | ' | ' | ' | |||
Net cash provided by financing activities | 112,903,315 | 110,558,615 | 111,777,429 | ' | ' | ' | ' | |||
Net (decrease) increase in cash and due from banks | -19,617,656 | 8,431,736 | 11,105,904 | ' | ' | ' | ' | |||
Cash and due from banks, beginning | 61,568,446 | 53,136,710 | 42,030,806 | ' | ' | ' | ' | |||
Cash and due from banks, ending | 41,950,790 | 61,568,446 | 53,136,710 | ' | ' | ' | ' | |||
Supplemental Disclosures of Cash Flow Information, cash payments for: | ' | ' | ' | ' | ' | ' | ' | |||
Interest | 17,953,357 | 19,962,937 | 24,194,198 | ' | ' | ' | ' | |||
Income and franchise taxes | 3,011,244 | 1,345,000 | 1,246,489 | ' | ' | ' | ' | |||
Supplemental Schedule of Noncash Investing Activities: | ' | ' | ' | ' | ' | ' | ' | |||
Change in accumulated other comprehensive income (loss), unrealized gains (losses) on on securities available for sale, net | -18,350,669 | -48,031 | 4,050,549 | ' | ' | ' | ' | |||
Exchange of shares of common stock in connection with payroll taxes for restricted stock and options exercised | -434,545 | -10,415 | -19,651 | ' | ' | ' | ' | |||
Transfers of loans to other real estate owned | 7,115,008 | 2,143,017 | 9,446,588 | ' | ' | ' | ' | |||
Liability established for purchase of noncontrolling interest | ' | 2,847,687 | ' | ' | ' | ' | ' | |||
Fair value of assets acquired: | ' | ' | ' | ' | ' | ' | ' | |||
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 held for investment, net | 195,658,486 | ' | ' | ' | ' | ' | ' | |||
Premises and equipment, net | 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 | ' | ' | ' | ' | ' | ' | |||
Fair value of liabilities assumed: | ' | ' | ' | ' | ' | ' | ' | |||
Deposits | 255,045,071 | ' | ' | ' | ' | ' | ' | |||
Other borrowings | 3,950,000 | ' | ' | ' | ' | ' | ' | |||
Junior subordinated debentures | 4,125,175 | ' | ' | ' | ' | ' | ' | |||
Other liabilities | 3,911,053 | ' | ' | ' | ' | ' | ' | |||
Total liabilities assumed | 267,031,299 | ' | ' | ' | ' | ' | ' | |||
Net assets acquired | 21,283,219 | ' | ' | ' | ' | ' | ' | |||
Consideration paid: | ' | ' | ' | ' | ' | ' | ' | |||
Cash paid * | 6,261,684 | [1] | ' | [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 | ' | ' | ' | ' | ' | ' | |||
Assets sold: | ' | ' | ' | ' | ' | ' | ' | |||
Cash ** | 30,425,618 | [2] | ' | [2] | ' | [2] | ' | ' | ' | ' |
Loans receivable | 54,458,870 | ' | ' | ' | ' | ' | ' | |||
Premises and equipment, net | 2,373,822 | ' | ' | ' | ' | ' | ' | |||
Core deposit intangible | 1,390,762 | ' | ' | ' | ' | ' | ' | |||
Other assets | 138,899 | ' | ' | ' | ' | ' | ' | |||
Total assets sold | 88,787,971 | ' | ' | ' | ' | ' | ' | |||
Liabilities sold: | ' | ' | ' | ' | ' | ' | ' | |||
Deposits | 91,022,098 | ' | ' | ' | ' | ' | ' | |||
Other liabilities | 100,089 | ' | ' | ' | ' | ' | ' | |||
Total liabilities sold | 91,122,187 | ' | ' | ' | ' | ' | ' | |||
Gains on sales of certain branches of Community National Bank | $2,334,216 | ' | ' | $355,268 | ' | ' | ' | |||
[1] | Net cash received at closing totaled $3,025,073 | |||||||||
[2] | Net cash paid at closing totaled $30,425,618 |
Consolidated_Statements_of_Cas1
Consolidated Statements of Cash Flows (Parentheticals) (USD $) | 12 Months Ended | |
Dec. 31, 2011 | Dec. 31, 2013 | |
Repurchase of shares of common stock warrants | 521,888 | ' |
Net cash received at closing (in Dollars) | ' | $3,025,073 |
Net cash paid at closing (in Dollars) | ' | $30,425,618 |
Note_1_Nature_of_Business_and_
Note 1 - Nature of Business and Significant Accounting Policies | 12 Months Ended | |||||||||||||||
Dec. 31, 2013 | ||||||||||||||||
Accounting Policies [Abstract] | ' | |||||||||||||||
Significant Accounting Policies [Text Block] | ' | |||||||||||||||
Note 1. Nature of Business and Significant Accounting Policies | ||||||||||||||||
Nature of business: | ||||||||||||||||
QCR Holdings, Inc. (the “Company”) is a bank holding company providing bank and bank related services through its banking subsidiaries, Quad City Bank and Trust Company (“QCBT”), Cedar Rapids Bank and Trust Company (“CRBT”), and Rockford Bank and Trust Company (“RB&T”). On May 13, 2013, the Company acquired Community National Bancorporation (“Community National”) and its banking subsidiary Community National Bank (“CNB”). In October 2013, the Company sold certain assets and liabilities of certain branches of CNB in two separate transactions. 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 operate as a division of CRBT under the name of “Community Bank & Trust.” See Note 2 for additional information on the acquisition, sales of certain branches, and subsequent merger into CRBT. The Company also engages in direct financing lease contracts through its wholly-owned equity investment by QCBT in m2 Lease Funds, LLC (“m2”). The remaining subsidiaries of the Company consist of six non-consolidated subsidiaries formed for the issuance of trust preferred securities. The Company assumed two of these subsidiaries in the acquisition of Community National on May 13, 2013. See Note 10 for a listing of these subsidiaries and additional information. QCBT is a commercial bank that serves the Iowa and Illinois Quad Cities and adjacent communities. CRBT is a commercial bank that serves Cedar Rapids, Iowa, and adjacent communities including Cedar Falls and Waterloo, Iowa, under the name “Community Bank & Trust.” RB&T is a commercial bank that serves Rockford, Illinois, and adjacent communities. | ||||||||||||||||
QCBT and CRBT are chartered and regulated by the state of Iowa, and RB&T is chartered and regulated by the state of Illinois. All three subsidiary banks are insured and subject to regulation by the Federal Deposit Insurance Corporation (“FDIC”), and are members of and regulated by the Federal Reserve System. m2, based in the Milwaukee, Wisconsin area, is engaged in the business of direct financing lease contracts. QCBT previously owned 80% of m2. In August 2012, QCBT purchased the remaining 20% noncontrolling interest. See Note 22 for further discussion of the acquisition. Velie Plantation Holding Company, LLC (“VPHC”), previously owned 91% by the Company, was engaged in holding the real estate property known as the Velie Plantation in Moline, Illinois. The Velie Plantation is the location of the Company’s headquarters. In October 2012, the Company acquired the remaining 9% noncontrolling interest, and effective December 31, 2012, VPHC was dissolved. | ||||||||||||||||
Significant accounting policies: | ||||||||||||||||
Accounting estimates: The preparation of financial statements, in conformity with generally accepted accounting principles, requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for estimated losses on loans/leases, other-than-temporary impairment of securities, and the fair value of financial instruments. | ||||||||||||||||
Principles of consolidation: The accompanying consolidated financial statements include the accounts of the Company and its subsidiaries, except those six subsidiaries formed for the issuance of trust preferred securities which do not meet the criteria for consolidation. See Note 10 for a detailed listing of these subsidiaries. All material intercompany accounts and transactions have been eliminated in consolidation. | ||||||||||||||||
Presentation of cash flows: For purposes of reporting cash flows, cash and due from banks include cash on hand and noninterest bearing amounts due from banks. Cash flows from federal funds sold, interest bearing deposits at financial institutions, loans/leases, deposits, and short-term and other borrowings are treated as net increases or decreases. | ||||||||||||||||
Cash and due from banks: The subsidiary banks are required by federal banking regulations to maintain certain cash and due from bank reserves. The reserve requirement was approximately $22,435,000 and $15,512,000 and as of December 31, 2013 and 2012, respectively. | ||||||||||||||||
Investment securities: Investment securities held to maturity are those debt securities that the Company has the ability and intent to hold until maturity regardless of changes in market conditions, liquidity needs, or changes in general economic conditions. Such securities are carried at cost adjusted for amortization of premiums and accretion of discounts. If the ability or intent to hold to maturity is not present for certain specified securities, such securities are considered available for sale as the Company intends to hold them for an indefinite period of time but not necessarily to maturity. Any decision to sell a security classified as available for sale would be based on various factors, including movements in interest rates, changes in the maturity mix of the Company's assets and liabilities, liquidity needs, regulatory capital considerations, and other factors. Securities available for sale are carried at fair value. Unrealized gains or losses, net of taxes, are reported as increases or decreases in accumulated other comprehensive income. Realized gains or losses, determined on the basis of the cost of specific securities sold, are included in earnings. | ||||||||||||||||
All securities are evaluated to determine whether declines in fair value below their amortized cost are other-than-temporary. | ||||||||||||||||
In estimating other-than-temporary impairment losses on available for sale debt securities, management considers a number of factors including, but not limited to, (1) the length of time and extent to which the fair value has been less than amortized cost, (2) the financial condition and near-term prospects of the issuer, (3) the current market conditions, and (4) the intent of the Company to not sell the security prior to recovery and whether it is not more-likely-than-not that it will be required to sell the security prior to recovery. If the Company does not intend to sell the security, and it is not more-likely-than-not the entity will be required to sell the security before recovery of its amortized cost basis, the Company will recognize the credit component of an other-than-temporary impairment of a debt security in earnings and the remaining portion in other comprehensive income. For held to maturity debt securities, the amount of an other-than-temporary impairment recorded in other comprehensive income for the noncredit portion would be amortized prospectively over the remaining life of the security on the basis of the timing of future estimated cash flows of the security. | ||||||||||||||||
In estimating other-than-temporary impairment losses on available for sale equity securities management considers factors (1), (2) and (3) above as well as whether the Company has the intent and the ability to hold the security until its recovery. If the Company (a) intends to sell an impaired equity security and does not expect the fair value of the security to fully recover before the expected time of sale, or (b) does not have the ability to hold the security until its recovery, the security is deemed other-than-temporarily impaired and the impairment is charged to earnings. The Company recognizes an impairment loss through earnings if based upon other factors the loss is deemed to be other-than-temporary even if the decision to sell has not been made. | ||||||||||||||||
Loans receivable, held for sale: Residential real estate loans which are originated and intended for resale in the secondary market in the foreseeable future are classified as held for sale. These loans are carried at the lower of cost or estimated market value in the aggregate. As assets specifically acquired for resale, the origination of, disposition of, and gain/loss on these loans are classified as operating activities in the statement of cash flows. | ||||||||||||||||
Loans receivable, held for investment: Loans that management has the intent and ability to hold for the foreseeable future, or until pay-off or maturity occurs, are classified as held for investment. These loans are stated at the amount of unpaid principal adjusted for charge-offs, the allowance for estimated losses on loans, and any deferred fees and/or costs on originated loans. Interest is credited to earnings as earned based on the principal amount outstanding. Deferred direct loan origination fees and/or costs are amortized as an adjustment of the related loan’s yield. As assets held for and used in the production of services, the origination and collection of these loans are classified as investing activities in the statement of cash flows. | ||||||||||||||||
The Company discloses allowance for credit losses (also known as “allowance for estimated loss on loans/leases” or “allowance”) and fair value by portfolio segment, and credit quality information, impaired financing receivables, nonaccrual status, and troubled debt restructurings by class of financing receivable. A portfolio segment is the level at which the Company develops and documents a systematic methodology to determine its allowance for credit losses. A class of financing receivable is a further disaggregation of a portfolio segment based on risk characteristics and the Company’s method for monitoring and assessing credit risk. See this information following and in Note 4. | ||||||||||||||||
The Company’s portfolio segments are as follows: | ||||||||||||||||
● | Commercial and industrial | |||||||||||||||
● | Commercial real estate | |||||||||||||||
● | Residential real estate | |||||||||||||||
● | Installment and other consumer | |||||||||||||||
Direct financing leases would be considered a segment within the overall loan/lease portfolio. The accounting policies for direct financing leases are disclosed below. | ||||||||||||||||
The Company’s classes of loans receivable are as follows: | ||||||||||||||||
● | Commercial and industrial | |||||||||||||||
● | Owner-occupied commercial real estate | |||||||||||||||
● | Commercial construction, land development, and other land loans that are not owner-occupied commercial real estate | |||||||||||||||
● | Other non-owner-occupied commercial real estate | |||||||||||||||
● | Residential real estate | |||||||||||||||
● | Installment and other consumer | |||||||||||||||
Direct financing leases would be considered a class of financing receivable within the overall loan/lease portfolio. The accounting policies for direct financing leases are disclosed below. | ||||||||||||||||
Generally, for all classes of loans receivable, loans are considered past due when contractual payments are delinquent for 31 days or greater. | ||||||||||||||||
For all classes of loans receivable, loans will generally be placed on nonaccrual status when the loan has become 90 days past due (unless the loan is well secured and in the process of collection); or if any of the following conditions exist: | ||||||||||||||||
● | It becomes evident that the borrower will not make payments, or will not or cannot meet the terms for renewal of a matured loan; | |||||||||||||||
● | When full repayment of principal and interest is not expected; | |||||||||||||||
● | When the loan is graded “doubtful”; | |||||||||||||||
● | When the borrower files bankruptcy and an approved plan of reorganization or liquidation is not anticipated in the near future; or | |||||||||||||||
● | When foreclosure action is initiated. | |||||||||||||||
When a loan is placed on nonaccrual status, income recognition is ceased. Previously recorded but uncollected amounts of interest on nonaccrual loans are reversed at the time the loan is placed on nonaccrual status. Generally, cash collected on nonaccrual loans is applied to principal. Should full collection of principal be expected, cash collected on nonaccrual loans can be recognized as interest income. | ||||||||||||||||
For all classes of loans receivable, nonaccrual loans may be restored to accrual status provided the following criteria are met: | ||||||||||||||||
● | The loan is current, and all principal and interest amounts contractually due have been made; | |||||||||||||||
● | All principal and interest amounts contractually due, including past due payments, are reasonably assured of repayment within a reasonable period; and | |||||||||||||||
● | There is a period of minimum repayment performance, as follows, by the borrower in accordance with contractual terms: | |||||||||||||||
o | Six months of repayment performance for contractual monthly payments, or | |||||||||||||||
o | One year of repayment performance for contractual quarterly or semi-annual payments. | |||||||||||||||
Direct finance leases receivable, held for investment: The Company leases machinery and equipment to customers under leases that qualify as direct financing leases for financial reporting and as operating leases for income tax purposes. Under the direct financing method of accounting, the minimum lease payments to be received under the lease contract, together with the estimated unguaranteed residual values (approximately 3% to 15% of the cost of the related equipment), are recorded as lease receivables when the lease is signed and the lease property delivered to the customer. The excess of the minimum lease payments and residual values over the cost of the equipment is recorded as unearned lease income. Unearned lease income is recognized over the term of the lease on a basis that results in an approximate level rate of return on the unrecovered lease investment. Lease income is recognized on the interest method. Residual value is the estimated fair market value of the equipment on lease at lease termination. In estimating the equipment’s fair value at lease termination, the Company relies on historical experience by equipment type and manufacturer and, where available, valuations by independent appraisers, adjusted for known trends. The Company’s estimates are reviewed continuously to ensure reasonableness; however, the amounts the Company will ultimately realize could differ from the estimated amounts. If the review results in a lower estimate than had been previously established, a determination is made as to whether the decline in estimated residual value is other-than-temporary. If the decline in estimated unguaranteed residual value is judged to be other-than-temporary, the accounting for the transaction is revised using the changed estimate. The resulting reduction in the investment is recognized as a loss in the period in which the estimate is changed. An upward adjustment of the estimated residual value is not recorded. | ||||||||||||||||
The policies for delinquency and nonaccrual for direct financing leases are materially consistent with those described above for all classes of loan receivables. | ||||||||||||||||
The Company defers and amortizes fees and certain incremental direct costs over the contractual term of the lease as an adjustment to the yield. These initial direct leasing costs generally approximate 4% of the leased asset’s cost. The unamortized direct costs are recorded as a reduction of unearned lease income. | ||||||||||||||||
Troubled debt restructurings: Troubled debt restructuring exists when the Company, for economic or legal reasons related to the borrower’s/lessee’s financial difficulties, grants a concession (either imposed by court order, law, or agreement between the borrower/lessee and the Company) to the borrower/lessee that it would not otherwise consider. The Company is attempting to maximize its recovery of the balances of the loans/leases through these various concessionary restructurings. | ||||||||||||||||
The following criteria, related to granting a concession, together or separately, create a troubled debt restructuring: | ||||||||||||||||
● | A modification of terms of a debt such as one or a combination of: | |||||||||||||||
o | The reduction of the stated interest rate. | |||||||||||||||
o | The extension of the maturity date or dates at a stated interest rate lower than the current market rate for the new debt with similar risk. | |||||||||||||||
o | The reduction of the face amount or maturity amount of the debt as stated in the instrument or other agreement. | |||||||||||||||
o | The reduction of accrued interest. | |||||||||||||||
● | A transfer from the borrower/lessee to the Company of receivables from third parties, real estate, other assets, or an equity position in the borrower to fully or partially satisfy a loan. | |||||||||||||||
● | The issuance or other granting of an equity position to the Company to fully or partially satisfy a debt unless the equity position is granted pursuant to existing terms for converting the debt into an equity position. | |||||||||||||||
Allowance for estimated losses on loans/leases: For all portfolio segments, the allowance for estimated losses on loans/leases is established as losses are estimated to have occurred through a provision for loan/lease losses charged to earnings. Loan/lease losses, for all portfolio segments, are charged against the allowance when management believes the uncollectability of a loan/lease balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. | ||||||||||||||||
For all portfolio segments, the allowance for estimated losses on loans/leases is evaluated on a regular basis by management and is based upon management’s periodic review of the collectability of the loans/leases in light of historical experience, the nature and volume of the loan/lease portfolio, adverse situations that may affect the borrower’s/lessee’s ability to repay, estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. | ||||||||||||||||
A discussion of the risk characteristics and the allowance for estimated losses on loans/leases by each portfolio segment follows: | ||||||||||||||||
For commercial and industrial loans, the Company focuses on small and mid-sized businesses with primary operations as wholesalers, manufacturers, building contractors, business services companies, other banks, and retailers. The Company provides a wide range of commercial and industrial loans, including lines of credit for working capital and operational purposes, and term loans for the acquisition of facilities, equipment and other purposes. Approval is generally based on the following factors: | ||||||||||||||||
● | Ability and stability of current management of the borrower; | |||||||||||||||
● | Stable earnings with positive financial trends; | |||||||||||||||
● | Sufficient cash flow to support debt repayment; | |||||||||||||||
● | Earnings projections based on reasonable assumptions; | |||||||||||||||
● | Financial strength of the industry and business; and | |||||||||||||||
● | Value and marketability of collateral. | |||||||||||||||
Collateral for commercial and industrial loans generally includes accounts receivable, inventory, equipment and real estate. The lending policy specifies approved collateral types and corresponding maximum advance percentages. The value of collateral pledged on loans must exceed the loan amount by a margin sufficient to absorb potential erosion of its value in the event of foreclosure and cover the loan amount plus costs incurred to convert it to cash. | ||||||||||||||||
The lending policy specifies maximum term limits for commercial and industrial loans. For term loans, the maximum term is generally 7 years. Generally, term loans range from 3 to 5 years. For lines of credit, the maximum term is typically 365 days. | ||||||||||||||||
In addition, the Company often takes personal guarantees or cosignors to help assure repayment. Loans may be made on an unsecured basis if warranted by the overall financial condition of the borrower. | ||||||||||||||||
Commercial real estate loans are subject to underwriting standards and processes similar to commercial and industrial loans, in addition to those standards and processes specific to real estate loans. Collateral for commercial real estate loans generally includes the underlying real estate and improvements, and may include additional assets of the borrower. The lending policy specifies maximum loan-to-value limits based on the category of commercial real estate (commercial real estate loans on improved property, raw land, land development, and commercial construction). These limits are the same limits established by regulatory authorities. | ||||||||||||||||
The lending policy also includes guidelines for real estate appraisals, including minimum appraisal standards based on certain transactions. In addition, the Company often takes personal guarantees to help assure repayment. | ||||||||||||||||
In addition, management tracks the level of owner-occupied commercial real estate loans versus non-owner occupied loans. Owner-occupied loans are generally considered to have less risk. As of December 31, 2013 and 2012, approximately 39% and 35%, respectively, of the commercial real estate loan portfolio was owner-occupied. | ||||||||||||||||
The Company’s lending policy limits non-owner occupied commercial real estate lending to 300% of total risk-based capital, and limits construction, land development, and other land loans to 100% of total risk-based capital. Exceeding these limits warrants the use of heightened risk management practices in accordance with regulatory guidelines. As of December 31, 2013 and 2012, all three subsidiary banks were in compliance with these limits. | ||||||||||||||||
In some instances for all loans/leases, it may be appropriate to originate or purchase loans/leases that are exceptions to the guidelines and limits established within the lending policy described above and below. In general, exceptions to the lending policy do not significantly deviate from the guidelines and limits established within the lending policy and, if there are exceptions, they are clearly noted as such and specifically identified in loan/lease approval documents. | ||||||||||||||||
For commercial and industrial and commercial real estate loans, the allowance for estimated losses on loans consists of specific and general components. | ||||||||||||||||
The specific component relates to loans that are classified as impaired, as defined below. For those loans that are classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan are lower than the carrying value of that loan. | ||||||||||||||||
For commercial and industrial loans and all classes of commercial real estate loans, a loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a case-by-case basis by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price, or the fair value of the collateral if the loan is collateral dependent. | ||||||||||||||||
The general component consists of quantitative and qualitative factors and covers non-impaired loans. The quantitative factors are based on historical charge-off experience and expected loss given default derived from the Company’s internal risk rating process. See below for a detailed description of the Company’s internal risk rating scale. The qualitative factors are determined based on an assessment of internal and/or external influences on credit quality that are not fully reflected in the historical loss or risk rating data. | ||||||||||||||||
For commercial and industrial and commercial real estate loans, the Company utilizes the following internal risk rating scale: | ||||||||||||||||
1. Highest Quality – loans of the highest quality with no credit risk, including those fully secured by subsidiary bank certificates of deposit and U.S. government securities. | ||||||||||||||||
2. Superior Quality – loans with very strong credit quality. Borrowers have exceptionally strong earnings, liquidity, capital, cash flow coverage, and management ability. Includes loans secured by high quality, marketable securities, certificates of deposit from other institutions, and cash value of life insurance. Also includes loans supported by U.S. government, state, or municipal guarantees. | ||||||||||||||||
3. Satisfactory Quality – loans with satisfactory credit quality. Established borrowers with satisfactory financial condition, including credit quality, earnings, liquidity, capital and cash flow coverage. Management is capable and experienced. Collateral coverage and guarantor support, if applicable, are more than adequate. Includes loans secured by personal assets and business assets, including equipment, accounts receivable, inventory, and real estate. | ||||||||||||||||
4. Fair Quality – loans with moderate but still acceptable credit quality. The primary repayment source remains adequate; however, management’s ability to maintain consistent profitability is unproven or uncertain. Borrowers exhibit acceptable leverage and liquidity. May include new businesses with inexperienced management or unproven performance records in relation to peer, or borrowers operating in highly cyclical or deteriorating industries. | ||||||||||||||||
5. Early Warning – loans where the borrowers have generally performed as agreed, however unfavorable financial trends exist or are anticipated. Earnings may be erratic, with marginal cash flow or declining sales. Borrowers reflect leveraged financial condition and/or marginal liquidity. Management may be new and a track record of performance has yet to be developed. Financial information may be incomplete, and reliance on secondary repayment sources may be increasing. | ||||||||||||||||
6. Special Mention – loans where the borrowers exhibit credit weaknesses or unfavorable financial trends requiring close monitoring. Weaknesses and adverse trends are more pronounced than Early Warning loans, and if left uncorrected, may jeopardize repayment according to the contractual terms. Currently, no loss of principal or interest is expected. Borrowers in this category have deteriorated to the point that it would be difficult to refinance with another lender. Special Mention should be assigned to borrowers in turnaround situations. This rating is intended as a transitional rating, therefore, it is generally not assigned to a borrower for a period of more than one year. | ||||||||||||||||
7. Substandard – loans which are inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if applicable. These loans have a well-defined weakness or weaknesses which jeopardize repayment according to the contractual terms. There is distinct loss potential if the weaknesses are not corrected. Includes loans with insufficient cash flow coverage which are collateral dependent, other real estate owned, and repossessed assets. | ||||||||||||||||
8. Doubtful – loans which have all the weaknesses inherent in a Substandard loan, with the added characteristic that existing weaknesses make full principal collection, on the basis of current facts, conditions and values, highly doubtful. The possibility of loss is extremely high, but because of pending factors, recognition of a loss is deferred until a more exact status can be determined. All doubtful loans will be placed on non-accrual, with all payments, including principal and interest, applied to principal reduction. | ||||||||||||||||
For term commercial and industrial and commercial real estate loans or credit relationships with aggregate exposure greater than $1,000,000, a loan review is required within 15 months of the most recent credit review. The review is completed in enough detail to, at a minimum, validate the risk rating. Additionally, the review shall include an analysis of debt service requirements, covenant compliance, if applicable, and collateral adequacy. The frequency of the review is generally accelerated for loans with poor risk ratings. | ||||||||||||||||
The Company’s Loan Quality area will perform a documentation review of a sampling of commercial and industrial and commercial real estate loans, the primary purpose of which is to ensure the credit is properly documented and closed in accordance with approval authorities and conditions. A review will also be performed by the Company’s Internal Audit Department of a sampling of commercial and industrial and commercial real estate loans, according to an approved schedule. Validation of the risk rating is part of Internal Audit’s review. Additionally, over the past several years, the Company has contracted an independent outside third party to review a sampling of commercial and industrial and commercial real estate loans. Validation of the risk rating is part of this review as well. | ||||||||||||||||
The Company leases machinery and equipment to commercial and industrial customers under direct financing leases. All lease requests are subject to the credit requirements and criteria as set forth in the lending/leasing policy. In all cases, a formal independent credit analysis of the lessee is performed. | ||||||||||||||||
For direct financing leases, the allowance for estimated lease losses consists of specific and general components. | ||||||||||||||||
The specific component relates to leases that are classified as impaired, as defined for commercial loans above. For those leases that are classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired lease is lower than the carrying value of that lease. | ||||||||||||||||
The general component consists of quantitative and qualitative factors and covers nonimpaired leases. The quantitative factors are based on historical charge-off experience for the entire lease portfolio. The qualitative factors are determined based on an assessment of internal and/or external influences on credit quality that are not fully reflected in the historical loss data. | ||||||||||||||||
Generally, the Company’s residential real estate loans conform to the underwriting requirements of Freddie Mac and Fannie Mae to allow the subsidiary banks to resell loans in the secondary market. The subsidiary banks structure most loans that will not conform to those underwriting requirements as adjustable rate mortgages that mature or adjust in one to five years or fixed rate mortgages that mature in 15 years, and then retain these loans in their portfolios. Servicing rights are not presently retained on the loans sold in the secondary market. The lending policy establishes minimum appraisal and other credit guidelines. | ||||||||||||||||
The Company provides many types of installment and other consumer loans including motor vehicle, home improvement, home equity, signature loans and small personal credit lines. The lending policy addresses specific credit guidelines by consumer loan type. | ||||||||||||||||
For residential real estate loans, and installment and other consumer loans, these large groups of smaller balance homogenous loans are collectively evaluated for impairment. The Company applies a quantitative factor based on historical charge-off experience in total for each of these segments. Accordingly, the Company generally does not separately identify individual residential real estate loans, and/or installment or other consumer loans for impairment disclosures, unless such loans are the subject of a restructuring agreement due to financial difficulties of the borrower. | ||||||||||||||||
Troubled debt restructurings are considered impaired loans/leases and are subject to the same allowance methodology as described above for impaired loans/leases by portfolio segment. | ||||||||||||||||
Credit related financial instruments: In the ordinary course of business, the Company has entered into commitments to extend credit and standby letters of credit. Such financial instruments are recorded when they are funded. | ||||||||||||||||
Transfers of financial assets: Transfers of financial assets are accounted for as sales only when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when: (1) the assets have been isolated from the Company, (2) the transferee obtains the right to pledge or exchange the assets it received, and no condition both constrains the transferee from taking advantage of its right to pledge or exchange and provides more than a modest benefit to the transferor, and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity or the ability to unilaterally cause the holder to return specific assets. In addition, for transfers of a portion of financial assets (for example, participations of loan receivables), the transfer must meet the definition of a “participating interest” in order to account for the transfer as a sale. Following are the characteristics of a “participating interest”: | ||||||||||||||||
● | Pro-rata ownership in an entire financial asset. | |||||||||||||||
● | From the date of the transfer, all cash flows received from entire financial assets are divided proportionately among the participating interest holders in an amount equal to their share of ownership. | |||||||||||||||
● | The rights of each participating interest holder have the same priority, and no participating interest holder’s interest is subordinated to the interest of another participating interest holder. That is, no participating interest holder is entitled to receive cash before any other participating interest holder under its contractual rights as a participating interest holder. | |||||||||||||||
● | No party has the right to pledge or exchange the entire financial asset unless all participating interest holders agree to pledge or exchange the entire financial asset. | |||||||||||||||
Premises and equipment: Premises and equipment are stated at cost less accumulated depreciation. Depreciation is computed primarily by the straight-line method over the estimated useful lives of the assets. | ||||||||||||||||
Goodwill: The Company has recorded goodwill from QCBT’s purchase of 80% of m2 in August 2005. The goodwill is not being amortized, but is evaluated at least annually for impairment. An impairment charge is recognized when the calculated fair value of the reporting unit, including goodwill, is less than its carrying amount. Based on the annual analysis completed as of September 30, 2013, the Company determined that the goodwill was not impaired. | ||||||||||||||||
Core deposit intangible: The Company recorded core deposit intangible from the acquisition of Community National. The core deposit intangible was the portion of the acquisition purchase price which represented the value assigned to the existing deposit base at acquisition. 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). | ||||||||||||||||
Bank-owned life insurance: Bank-owned life insurance is carried at cash surrender value with increases/decreases reflected as income/expense in the statement of income. | ||||||||||||||||
Restricted investment securities: Restricted investment securities represent Federal Home Loan Bank (“FHLB”) and Federal Reserve Bank common stock. The stock is carried at cost. These equity securities are “restricted” in that they can only be sold back to the respective institution or another member institution at par. Therefore, they are less liquid than other tradable equity securities. The Company views its investment in restricted stock as a long-term investment. Accordingly, when evaluating for impairment, the value is determined based on the ultimate recovery of the par value, rather than recognizing temporary declines in value. There have been no other-than-temporary write-downs recorded on these securities. | ||||||||||||||||
Other real estate owned: Real estate acquired through, or in lieu of, loan foreclosures, is held for sale and initially recorded at fair value less costs to sell, establishing a new cost basis. Subsequent to foreclosure, valuations are periodically performed by management and the assets are carried at the lower of carrying amount or fair value less costs to sell. Subsequent write-downs to fair value are charged to earnings. | ||||||||||||||||
Treasury stock: Treasury stock is accounted for by the cost method, whereby shares of common stock reacquired are recorded at their purchase price. When treasury stock is reissued, any difference between the sales proceeds, or fair value when issued for business combinations, and the cost is recognized as a charge or credit to additional paid-in capital. | ||||||||||||||||
Stock-based compensation plans: At December 31, 2013, the Company had three stock-based employee compensation plans, which are described more fully in Note 14. | ||||||||||||||||
The Company accounts for stock-based compensation with measurement of compensation cost for all stock-based awards at fair value on the grant date and recognition of compensation over the requisite service period for awards expected to vest. | ||||||||||||||||
As discussed in Note 14, during the years ended December 31, 2013, 2012, and 2011, the Company recognized stock-based compensation expense related to stock options, stock purchase plans, and stock appreciation rights of $792,279, $849,760, and $696,407, respectively. As required, management made an estimate of expected forfeitures and is recognizing compensation costs only for those equity awards expected to vest. | ||||||||||||||||
The Company uses the Black-Scholes option pricing model to estimate the fair value of stock option grants with the following assumptions for the indicated periods: | ||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||
Dividend yield | 0.44% | to | 0.53% | 0.86% | 0.88% | to | 1.00% | |||||||||
Expected volatility | 29.50% | to | 30.56% | 29.36% | 29.64% | to | 30.30% | |||||||||
Risk-free interest rate | 1.71% | to | 2.90% | 1.98% | 1.90% | to | 3.58% | |||||||||
Expected life of option grants (years) | 6 | 6 | 6 | |||||||||||||
Weighted-average grant date fair value | $5.14 | $2.79 | $2.74 | |||||||||||||
The Company also uses the Black-Scholes option pricing model to estimate the fair value of stock purchase grants with the following assumptions for the indicated periods: | ||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||
Dividend yield | 0.53% | to | 0.61% | 0.61% | to | 0.88% | 0.88% | to | 1.12% | |||||||
Expected volatility | 23.05% | to | 24.25% | 27.20% | to | 31.11% | 51.62% | to | 53.58% | |||||||
Risk-free interest rate | 0.10% | to | 0.18% | 0.03% | to | 0.18% | 0.08% | to | 0.23% | |||||||
Expected life of purchase grants (months) | 3 | to | 6 | 3 | to | 6 | 3 | to | 6 | |||||||
Weighted-average grant date fair value | $2.10 | $1.71 | $1.68 | |||||||||||||
The fair value is amortized on a straight-line basis over the vesting periods of the grants and will be adjusted for subsequent changes in estimated forfeitures. The expected dividend yield assumption is based on the Company's current expectations about its anticipated dividend policy. Expected volatility is based on historical volatility of the Company's common stock price. The risk-free interest rate for periods within the contractual life of the option or purchase is based on the U.S. Treasury yield curve in effect at the time of the grant. The expected life of the option and purchase grants is derived using the “simplified” method and represents the period of time that options and purchases are expected to be outstanding. Historical data is used to estimate forfeitures used in the model. Two separate groups of employees (employees subject to broad based grants, and executive employees and directors) are used. | ||||||||||||||||
As of December 31, 2013, there was $636,217 of unrecognized compensation cost related to share based payments, which is expected to be recognized over a weighted average period of 2.5 years. | ||||||||||||||||
The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying awards and the quoted price of the Company's common stock for the 524,081 options that were in-the-money at December 31, 2013. The aggregate intrinsic value at December 31, 2013 was $2,467,057 on options outstanding and $1,149,534 on options exercisable. During the years ended December 31, 2013, 2012 and 2011, the aggregate intrinsic value of options exercised under the Company's stock option plans was $268,920, $56,371, and $47,026, respectively, and determined as of the date of the option exercise. | ||||||||||||||||
Income taxes: The Company files its tax return on a consolidated basis with its subsidiaries. The entities follow the direct reimbursement method of accounting for income taxes under which income taxes or credits which result from the inclusion of the subsidiaries in the consolidated tax return are paid to or received from the parent company. | ||||||||||||||||
Deferred income taxes are provided under the liability method whereby deferred tax assets are recognized for deductible temporary differences and net operating loss and tax credit carryforwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax basis. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. | ||||||||||||||||
When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying balance sheet along with any associated interest and penalties that would be payable to the taxing authorities upon examination. | ||||||||||||||||
Interest and penalties associated with unrecognized tax benefits are classified as additional income taxes in the statements of income. | ||||||||||||||||
Trust assets: Trust assets held by the subsidiary banks in a fiduciary, agency, or custodial capacity for their customers, other than cash on deposit at the subsidiary banks, are not included in the accompanying consolidated financial statements since such items are not assets of the subsidiary banks. | ||||||||||||||||
Earnings per common share: See Note 16 for a complete description and calculation of basic and diluted earnings per common share. | ||||||||||||||||
Reclassifications: Certain amounts in the prior year financial statements have been reclassified, with no effect on net income, comprehensive income, or stockholders’ equity, to conform with the current period presentation. | ||||||||||||||||
New accounting pronouncements: 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. | ||||||||||||||||
In January 2014, FASB issued ASU 2014-04, Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure. The objective of ASU 2014-04 is to reduce diversity by clarifying when an in substance repossession or foreclosure occurs, that is, when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan such that the loan receivable should be derecognized and the real estate property recognized. ASU 2014-04 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2014. Management is in the process of evaluating the impact of ASU 2014-04 on the Company’s consolidated financial statements. |
Note_2_Community_National_Banc
Note 2 - Community National Bancorporation and Community National Bank | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Note 2 - Community National Bancorporation and Community National Bank [Line Items] | ' | ||||||||
Mergers, Acquisitions and Dispositions Disclosures [Text Block] | ' | ||||||||
Note 22. Acquisition of 20% Noncontrolling Interest in m2 Lease Funds | |||||||||
On August 27, 2012, the Company’s largest subsidiary bank, QCBT, entered into an amendment to the operating agreement of m2 and purchased the remaining 20% noncontrolling interest in m2 for $4,501,442. The purchase price and related acquisition costs exceeded the book value by $2,133,417. This excess is reflected as a reduction in additional paid in capital. The acquisition is structured in two payments with the initial payment of $1,653,755 made on September 11, 2012 and the final payment of $3,307,509 due in September 2015. QCBT calculated the present value of this future payment using a discount rate of 5% and recorded a resulting liability of $2,847,687. QCBT is accreting the discount of $459,822 using the effective yield method over the three year period to the final payment date. Accretion totaled $148,137 and $47,758 for the years ended December 31, 2013 and 2012, respectively. The liability related to the final payment due totals $3,043,582 and $2,895,445 at December 31, 2013 and 2012, respectively. | |||||||||
In conjunction with the purchase agreement, the Company also entered into an agreement with the Chief Executive Officer and former 20% owner of m2, whereby he will be provided additional consideration equal to 20% of the earnings of m2 for the period from September 2012 through the earlier of August 2015 or his separation from service. The payment under this arrangement will also be due in September 2015. Because the payment is contingent upon future service, QCBT is accruing the liability and related compensation expense over the service period. Expense totaled $725,483 and $195,715 for the years ended December 31, 2013 and 2012, respectively. The liability related to this future payment totaled $921,198 and $195,715 at December 31, 2013 and 2012, respectively. | |||||||||
Community National Bancorporation and Community National Bank [Member] | ' | ||||||||
Note 2 - Community National Bancorporation and Community National Bank [Line Items] | ' | ||||||||
Mergers, Acquisitions and Dispositions Disclosures [Text Block] | ' | ||||||||
Note 2. 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 the Company’s 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 was a commercial bank headquartered in Waterloo, Iowa serving 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. The Company operated CNB as a separate banking charter from the date of acquisition until October 26, 2013, when CNB’s charter was merged with and into CRBT. CNB’s merged branch offices now 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 was the portion of the acquisition purchase price which represented the value assigned to the existing deposit base at acquisition. 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). Following is a rollforward of the core deposit intangible for the year ended December 31, 2013: | |||||||||
2013 | |||||||||
Balance, beginning | $ | - | |||||||
Core deposit intangible from Community National Acquistion | 3,440,076 | ||||||||
Amortization expense | (178,881 | ) | |||||||
Core deposit intangible sold in branch sales | (1,390,762 | ) | |||||||
Balance, ending | $ | 1,870,433 | |||||||
The Company expects annual amortization expense of $199,512 for each of the five succeeding years and $872,873 combined in years thereafter. | |||||||||
The following table presents the gross carrying amount, accumulated amortization, and net carrying amount of the core deposit intangible as of December 31, 2013. | |||||||||
2013 | |||||||||
Gross carrying amount | $ | 1,995,127 | |||||||
Accumulated amortization | (124,694 | ) | |||||||
Net carrying amount | $ | 1,870,433 | |||||||
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 a provision 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. At December 31, 2013, accretable yield totaled $2,068,332 and nonaccretable yield totaled $233,933. The decline in accretable yield was primarily the result of accelerated accretion of the accretable yield for the acquired performing loans sold in the branch sales as well as early payoffs of acquired performing loans. | |||||||||
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 (3.17% at December 31, 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 December 31, 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. | |||||||||
The Company incurred costs related to the acquisition of Community National totaling $2,353,162. These costs consisted of professional fees (legal, investment banking, and accounting) for the acquisition of Community National and the subsequent branch sales, as well as data conversion costs (including both the de-conversion of the sold branches and the conversion of the remaining branches), and compensation costs for severed and retained employees. | |||||||||
Unaudited pro forma combined operating results for the years ended December 31, 2013 and 2012, giving effect to the Community National acquisition as if it had occurred as of January 1, 2012, are as follows: | |||||||||
Years ended | |||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
Interest income | $ | 83,008,255 | $ | 87,514,410 | |||||
Noninterest income | $ | 22,042,194 | $ | 19,792,383 | |||||
Net income | $ | 11,320,890 | $ | 14,077,018 | |||||
Net income attributable to QCR Holdings, Inc. common stockholders | $ | 8,152,588 | $ | 10,092,460 | |||||
Earnings per common share attributable to QCR Holdings, Inc. common stockholders | |||||||||
Basic | $ | 1.47 | $ | 1.82 | |||||
Diluted | $ | 1.44 | $ | 1.79 | |||||
The pro forma results exclude the impact of the bargain purchase gain of $1,841,385 and the impact of the gains on sales of certain CNB branches of $2,334,216. 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. | |||||||||
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 | |||||||||
4-Oct-13 | |||||||||
ASSETS | |||||||||
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 | 53,421 | ||||||||
Total liabilties sold | $ | 55,245,351 | |||||||
Gain on sale, pre-tax | $ | 873,972 | |||||||
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 | |||||||||
11-Oct-13 | |||||||||
ASSETS | |||||||||
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_3_Investment_Securities
Note 3 - Investment Securities | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Investment Holdings [Abstract] | ' | ||||||||||||||||||||||||
Investment Holdings [Text Block] | ' | ||||||||||||||||||||||||
Note 3. Investment Securities | |||||||||||||||||||||||||
The amortized cost and fair value of investment securities as of December 31, 2013 and 2012 are summarized as follows: | |||||||||||||||||||||||||
Amortized | Gross | Gross | Fair | ||||||||||||||||||||||
Cost | Unrealized | Unrealized | Value | ||||||||||||||||||||||
Gains | (Losses) | ||||||||||||||||||||||||
December 31, 2013: | |||||||||||||||||||||||||
Securities held to maturity: | |||||||||||||||||||||||||
Municipal securities | $ | 144,401,895 | $ | 299,789 | $ | (7,111,579 | ) | $ | 137,590,105 | ||||||||||||||||
Other securities | 1,050,000 | - | - | 1,050,000 | |||||||||||||||||||||
$ | 145,451,895 | $ | 299,789 | $ | (7,111,579 | ) | $ | 138,640,105 | |||||||||||||||||
Securities available for sale: | |||||||||||||||||||||||||
U.S. govt. sponsored agency securities | $ | 376,574,132 | $ | 41,696 | $ | (20,142,841 | ) | $ | 356,472,987 | ||||||||||||||||
Residential mortgage-backed and related securities | 160,110,199 | 1,153,409 | (3,834,157 | ) | 157,429,451 | ||||||||||||||||||||
Municipal securities | 35,813,866 | 923,315 | (778,324 | ) | 35,958,857 | ||||||||||||||||||||
Other securities | 1,372,365 | 524,798 | - | 1,897,163 | |||||||||||||||||||||
$ | 573,870,562 | $ | 2,643,218 | $ | (24,755,322 | ) | $ | 551,758,458 | |||||||||||||||||
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 large portion located 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 December 31, 2013 and 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 | |||||||||||||||||||||||
December 31, 2013: | |||||||||||||||||||||||||
Securities held to maturity: | |||||||||||||||||||||||||
Municipal securities | $ | 101,983,602 | $ | (6,711,240 | ) | $ | 2,697,375 | $ | (400,339 | ) | $ | 104,680,977 | $ | (7,111,579 | ) | ||||||||||
Securities available for sale: | |||||||||||||||||||||||||
U.S. govt. sponsored agency securities | $ | 333,194,820 | $ | (19,141,077 | ) | $ | 10,978,390 | $ | (1,001,764 | ) | $ | 344,173,210 | $ | (20,142,841 | ) | ||||||||||
Residential mortgage-backed and related securities | 94,723,092 | (2,947,770 | ) | 14,117,719 | (886,387 | ) | 108,840,811 | (3,834,157 | ) | ||||||||||||||||
Municipal securities | 13,890,692 | (724,939 | ) | 985,687 | (53,385 | ) | 14,876,379 | (778,324 | ) | ||||||||||||||||
$ | 441,808,604 | $ | (22,813,786 | ) | $ | 26,081,796 | $ | (1,941,536 | ) | $ | 467,890,400 | $ | (24,755,322 | ) | |||||||||||
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 December 31, 2013, the investment portfolio included 544 securities. Of this number, 354 securities had unrealized losses with aggregate depreciation of 5% from the total amortized cost basis. Of these 354, 16 had an unrealized loss for 12 months or more. 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/or it is not more-likely-than-not that the Company will be required to sell these debt securities before their anticipated recovery. At December 31, 2013 and 2012, the Company’s equity securities represent less than 1% of the total portfolio. | |||||||||||||||||||||||||
For the years ended December 31, 2013, 2012, and 2011, the Company did not recognize other-than-temporary impairment on any debt securities. | |||||||||||||||||||||||||
The Company did not recognize other-than-temporary impairment on any equity securities for the year ended December 31, 2013. | |||||||||||||||||||||||||
For the year ended December 31, 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. | |||||||||||||||||||||||||
For the year ended December 31, 2011, the Company’s evaluation determined that two privately held equity securities experienced declines in fair value that were other-than-temporary. As a result, the Company wrote down the value of these securities and recognized losses in the amount of $118,847. | |||||||||||||||||||||||||
All sales of securities, as applicable, for the years ended December 31, 2013, 2012 and 2011, respectively, were from securities identified as available for sale. Information on proceeds received, as well as the gains and losses from the sale of those securities is as follows: | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Proceeds from sales of securities | $ | 37,393,047 | $ | 19,215,075 | $ | 54,326,191 | |||||||||||||||||||
Gross gains from sales of securities | 523,071 | 104,600 | 1,472,528 | ||||||||||||||||||||||
Gross losses from sales of securities | (90,579 | ) | - | - | |||||||||||||||||||||
The amortized cost and fair value of securities as of December 31, 2013, by contractual maturity are shown below. Expected maturities of mortgage-backed and related securities may differ from contractual maturities because the mortgages underlying the securities may be called or prepaid without any penalties. Therefore, these securities are not included in the maturity categories in the following summary. “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 | $ | 2,250,529 | $ | 2,250,467 | |||||||||||||||||||||
Due after one year through five years | 9,340,352 | 9,309,433 | |||||||||||||||||||||||
Due after five years | 133,861,014 | 127,080,205 | |||||||||||||||||||||||
$ | 145,451,895 | $ | 138,640,105 | ||||||||||||||||||||||
Securities available for sale: | |||||||||||||||||||||||||
Due in one year or less | $ | 6,416,406 | $ | 6,426,654 | |||||||||||||||||||||
Due after one year through five years | 46,861,212 | 46,420,946 | |||||||||||||||||||||||
Due after five years | 359,110,380 | 339,584,244 | |||||||||||||||||||||||
$ | 412,387,998 | $ | 392,431,844 | ||||||||||||||||||||||
Residential mortgage-backed and related securities | 160,110,199 | 157,429,451 | |||||||||||||||||||||||
Other securities | 1,372,365 | 1,897,163 | |||||||||||||||||||||||
$ | 573,870,562 | $ | 551,758,458 | ||||||||||||||||||||||
Portions of the U.S. government sponsored agencies and municipal securities contain call options, at the discretion of the issuer, to terminate the security at predetermined dates prior to the stated maturity, summarized as follows: | |||||||||||||||||||||||||
Amortized Cost | Fair Value | ||||||||||||||||||||||||
Securities held to maturity: | |||||||||||||||||||||||||
Municipal securities | $ | 108,408,593 | $ | 102,628,515 | |||||||||||||||||||||
Securities available for sale: | |||||||||||||||||||||||||
U.S. govt. sponsored agency securities | 335,565,915 | 317,138,253 | |||||||||||||||||||||||
Municipal securities | 22,760,530 | 22,574,232 | |||||||||||||||||||||||
$ | 358,326,445 | $ | 339,712,485 | ||||||||||||||||||||||
As of December 31, 2013 and 2012, investment securities with a carrying value of $497,286,275 and $384,194,020, respectively, were pledged on Federal Home Loan Bank advances, customer and wholesale repurchase agreements, and for other purposes as required or permitted by law. |
Note_4_LoansLeases_Receivable
Note 4 - Loans/Leases Receivable | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||||||||||
Financing Receivables [Text Block] | ' | ||||||||||||||||||||||||
Note 4. Loans/Leases Receivable | |||||||||||||||||||||||||
The composition of the loan/lease portfolio as of December 31, 2013 and 2012 is presented as follows: | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
Commercial and industrial loans | $ | 431,688,129 | $ | 394,244,252 | |||||||||||||||||||||
Commercial real estate loans | |||||||||||||||||||||||||
Owner-occupied commercial real estate | 261,215,912 | 204,911,308 | |||||||||||||||||||||||
Commercial construction, land development, and other land | 57,844,902 | 44,962,381 | |||||||||||||||||||||||
Other non owner-occupied commercial real estate | 352,692,115 | 344,105,550 | |||||||||||||||||||||||
671,752,929 | 593,979,239 | ||||||||||||||||||||||||
Direct financing leases * | 128,901,442 | 103,685,656 | |||||||||||||||||||||||
Residential real estate loans ** | 147,356,323 | 115,581,573 | |||||||||||||||||||||||
Installment and other consumer loans | 76,033,810 | 76,720,514 | |||||||||||||||||||||||
1,455,732,633 | 1,284,211,234 | ||||||||||||||||||||||||
Plus deferred loan/lease orgination costs, net of fees | 4,546,925 | 3,176,405 | |||||||||||||||||||||||
1,460,279,558 | 1,287,387,639 | ||||||||||||||||||||||||
Less allowance for estimated losses on loans/leases | (21,448,048 | ) | (19,925,204 | ) | |||||||||||||||||||||
$ | 1,438,831,510 | $ | 1,267,462,435 | ||||||||||||||||||||||
* Direct financing leases: | |||||||||||||||||||||||||
Net minimum lease payments to be received | $ | 145,662,254 | $ | 117,719,380 | |||||||||||||||||||||
Estimated unguaranteed residual values of leased assets | 1,694,499 | 1,095,848 | |||||||||||||||||||||||
Unearned lease/residual income | (18,455,311 | ) | (15,129,572 | ) | |||||||||||||||||||||
128,901,442 | 103,685,656 | ||||||||||||||||||||||||
Plus deferred lease origination costs, net of fees | 4,814,183 | 3,907,140 | |||||||||||||||||||||||
133,715,625 | 107,592,796 | ||||||||||||||||||||||||
Less allowance for estimated losses on leases | (2,517,217 | ) | (1,990,395 | ) | |||||||||||||||||||||
$ | 131,198,408 | $ | 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 during the years ended December 31, 2013, 2012, and 2011. At December 31, 2013, the Company had 33 leases remaining with residual values totaling $1,694,499 that were not protected with a lease end options rider. At December 31, 2012, the Company had 34 leases remaining with residual values totaling $1,095,848 that were not protected with a lease end options rider. Management has performed specific evaluations of these residual values and determined that the valuations are appropriate. | |||||||||||||||||||||||||
**Includes residential real estate loans held for sale totaling $1,358,290 and $4,577,233 as of December 31, 2013 and 2012, respectively. | |||||||||||||||||||||||||
The aging of the loan/lease portfolio by classes of loans/leases as of December 31, 2013 and 2012 is presented as follows: | |||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||
Classes of Loans/Leases | Current | 30-59 Days | 60-89 Days | Accruing Past | Nonaccrual Loans/Leases | Total | |||||||||||||||||||
Past Due | Past Due | Due 90 Days or More | |||||||||||||||||||||||
Commercial and Industrial | $ | 429,557,699 | $ | 199,949 | $ | 185,500 | $ | - | $ | 1,744,981 | $ | 431,688,129 | |||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 258,557,660 | 465,418 | 993,163 | 60,286 | 1,139,385 | 261,215,912 | |||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 56,301,186 | 358,626 | - | - | 1,185,090 | 57,844,902 | |||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 341,743,730 | 476,877 | 151,017 | - | 10,320,491 | 352,692,115 | |||||||||||||||||||
Direct Financing Leases | 126,878,515 | 714,464 | 414,005 | - | 894,458 | 128,901,442 | |||||||||||||||||||
Residential Real Estate | 142,353,936 | 3,088,516 | 275,262 | 20,126 | 1,618,483 | 147,356,323 | |||||||||||||||||||
Installment and Other Consumer | 74,811,489 | 127,082 | 116,468 | 3,762 | 975,009 | 76,033,810 | |||||||||||||||||||
$ | 1,430,204,215 | $ | 5,430,932 | $ | 2,135,415 | $ | 84,174 | $ | 17,877,897 | $ | 1,455,732,633 | ||||||||||||||
As a percentage of total loan/lease portfolio | 98.25 | % | 0.37 | % | 0.15 | % | 0.01 | % | 1.23 | % | 100 | % | |||||||||||||
2012 | |||||||||||||||||||||||||
Classes of Loans/Leases | Current | 30-59 Days | 60-89 Days | Accruing Past | Nonaccrual Loans/Leases | Total | |||||||||||||||||||
Past Due | Past Due | 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 December 31, 2013 and 2012 is presented as follows: | |||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||
Classes of Loans/Leases | Accruing Past | Nonaccrual Loans/Leases * | Troubled Debt Restructurings - Accruing | Total | Percentage of | ||||||||||||||||||||
Due 90 Days or | Nonperforming Loans/Leases | Total | |||||||||||||||||||||||
More | Nonperforming Loans/Leases | ||||||||||||||||||||||||
Commercial and Industrial | $ | - | $ | 1,744,981 | $ | 878,381 | $ | 2,623,362 | 12.81 | % | |||||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 60,286 | 1,139,385 | - | 1,199,671 | 5.86 | % | |||||||||||||||||||
Commercial Construction, Land Development, and Other Land | - | 1,185,090 | - | 1,185,090 | 5.79 | % | |||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | - | 10,320,491 | 905,205 | 11,225,696 | 54.8 | % | |||||||||||||||||||
Direct Financing Leases | - | 894,458 | - | 894,458 | 4.37 | % | |||||||||||||||||||
Residential Real Estate | 20,126 | 1,618,483 | 371,995 | 2,010,604 | 9.82 | % | |||||||||||||||||||
Installment and Other Consumer | 3,762 | 975,009 | 367,000 | 1,345,771 | 6.57 | % | |||||||||||||||||||
$ | 84,174 | $ | 17,877,897 | $ | 2,522,581 | $ | 20,484,652 | 100 | % | ||||||||||||||||
*At December 31, 2013, nonaccrual loans/leases included $10,890,785 of troubled debt restructurings, including $77,072 in commercial and industrial loans, $10,077,501 in commercial real estate loans, $446,996 in residential real estate loans, and $289,216 in installment loans. | |||||||||||||||||||||||||
2012 | |||||||||||||||||||||||||
Classes of Loans/Leases | Accruing Past | Nonaccrual Loans/Leases * | Troubled Debt Restructurings - Accruing | Total | Percentage of | ||||||||||||||||||||
Due 90 Days or | Nonperforming Loans/Leases | Total | |||||||||||||||||||||||
More | 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 | % | ||||||||||||||||
**At December 31, 2012, nonaccrual loans/leases included $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 years ended December 31, 2013, 2012, and 2011 are presented as follows: | |||||||||||||||||||||||||
Year Ended December 31, 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 | 1,453,455 | 2,635,327 | 1,431,246 | 471,060 | (60,668 | ) | 5,930,420 | ||||||||||||||||||
Loans/leases charged off | (962,607 | ) | (3,573,006 | ) | (916,836 | ) | (162,010 | ) | (229,447 | ) | (5,843,906 | ) | |||||||||||||
Recoveries on loans/leases previously charged off | 626,381 | 573,611 | 12,412 | 16,471 | 207,455 | 1,436,330 | |||||||||||||||||||
Balance, ending | $ | 5,648,774 | $ | 10,705,434 | $ | 2,517,217 | $ | 1,395,849 | $ | 1,180,774 | $ | 21,448,048 | |||||||||||||
Year Ended December 31, 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 | (327,045 | ) | 2,482,327 | 1,313,767 | 370,140 | 531,578 | 4,370,767 | ||||||||||||||||||
Loans/leases charged off | (682,877 | ) | (2,232,004 | ) | (739,755 | ) | (4,758 | ) | (717,035 | ) | (4,376,429 | ) | |||||||||||||
Recoveries on loans/leases previously charged off | 663,461 | 222,221 | 76,887 | - | 179,035 | 1,141,604 | |||||||||||||||||||
Balance, ending | $ | 4,531,545 | $ | 11,069,502 | $ | 1,990,395 | $ | 1,070,328 | $ | 1,263,434 | $ | 19,925,204 | |||||||||||||
Year Ended December 31, 2011 | |||||||||||||||||||||||||
Commercial and Industrial | Commercial Real Estate | Direct Financing Leases | Residential Real Estate | Installment and Other Consumer | Total | ||||||||||||||||||||
Balance, beginning | $ | 7,548,922 | $ | 9,087,315 | $ | 1,530,572 | $ | 748,028 | $ | 1,449,819 | $ | 20,364,656 | |||||||||||||
Provisions charged to expense | 256,945 | 4,759,003 | 907,014 | (4,147 | ) | 697,199 | 6,616,014 | ||||||||||||||||||
Loans/leases charged off | (3,262,742 | ) | (3,590,868 | ) | (1,100,886 | ) | (38,935 | ) | (1,068,320 | ) | (9,061,751 | ) | |||||||||||||
Recoveries on loans/leases previously charged off | 334,881 | 341,508 | 2,796 | - | 191,158 | 870,343 | |||||||||||||||||||
Balance, ending | $ | 4,878,006 | $ | 10,596,958 | $ | 1,339,496 | $ | 704,946 | $ | 1,269,856 | $ | 18,789,262 | |||||||||||||
The allowance for estimated losses on loans/leases by impairment evaluation and by portfolio segment as of December 31, 2013 and 2012 is presented as follows: | |||||||||||||||||||||||||
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 | $ | 927,453 | $ | 3,174,704 | $ | 192,847 | $ | 246,266 | $ | 467,552 | $ | 5,008,822 | |||||||||||||
Allowance for loans/leases collectively evaluated for impairment | 4,721,321 | 7,530,730 | 2,324,370 | 1,149,583 | 713,222 | 16,439,226 | |||||||||||||||||||
$ | 5,648,774 | $ | 10,705,434 | $ | 2,517,217 | $ | 1,395,849 | $ | 1,180,774 | $ | 21,448,048 | ||||||||||||||
Loans/leases individually evaluated for impairment | $ | 1,761,850 | $ | 12,956,915 | $ | 894,458 | $ | 2,116,747 | $ | 1,350,450 | $ | 19,080,420 | |||||||||||||
Loans/leases collectively evaluated for impairment | 429,926,279 | 658,796,014 | 128,006,984 | 145,239,576 | 74,683,360 | 1,436,652,213 | |||||||||||||||||||
$ | 431,688,129 | $ | 671,752,929 | $ | 128,901,442 | $ | 147,356,323 | $ | 76,033,810 | $ | 1,455,732,633 | ||||||||||||||
Allowance as a percentage of loans/leases individually evaluated for impairment | 52.64 | % | 24.5 | % | 21.56 | % | 11.63 | % | 34.62 | % | 26.25 | % | |||||||||||||
Allowance as a percentage of loans/leases collectively evaluated for impairment | 1.1 | % | 1.14 | % | 1.82 | % | 0.79 | % | 0.95 | % | 1.14 | % | |||||||||||||
Total allowance as a percentage of total loans/leaess | 1.31 | % | 1.59 | % | 1.95 | % | 0.95 | % | 1.55 | % | 1.47 | % | |||||||||||||
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 | % | |||||||||||||
Total allowance as a percentage of total loans/leaess | 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 years ended December 31, 2013, 2012, and 2011 is presented as follows: | |||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||
Classes of Loans/Leases | Recorded Investment | Unpaid | Related | Average | Interest Income Recognized | Interest Income Recognized for Cash Payments Received | |||||||||||||||||||
Principal | Allowance | Recorded Investment | |||||||||||||||||||||||
Balance | |||||||||||||||||||||||||
Impaired Loans/Leases with No Specific Allowance Recorded: | |||||||||||||||||||||||||
Commercial and Industrial | $ | 492,622 | $ | 568,951 | $ | - | $ | 747,134 | $ | 7,749 | $ | 7,749 | |||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 392,542 | 392,542 | - | 1,881,823 | - | - | |||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 1,943,168 | 2,054,368 | - | 2,666,039 | - | - | |||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 1,790,279 | 1,902,279 | - | 3,869,493 | 58,534 | 58,534 | |||||||||||||||||||
Direct Financing Leases | 557,469 | 557,469 | - | 802,825 | - | - | |||||||||||||||||||
Residential Real Estate | 1,071,927 | 1,071,927 | - | 1,010,027 | 4,235 | 4,235 | |||||||||||||||||||
Installment and Other Consumer | 509,667 | 509,667 | - | 606,282 | 4,464 | 4,464 | |||||||||||||||||||
$ | 6,757,674 | $ | 7,057,203 | $ | - | $ | 11,583,623 | $ | 74,982 | $ | 74,982 | ||||||||||||||
Impaired Loans/Leases with Specific Allowance Recorded: | |||||||||||||||||||||||||
Commercial and Industrial | $ | 1,269,228 | $ | 1,956,755 | $ | 927,453 | $ | 1,222,449 | $ | 33,703 | $ | 33,703 | |||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 159,247 | 159,247 | 67,498 | 87,035 | - | - | |||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 888,547 | 1,011,747 | 503,825 | 1,137,489 | 10,862 | 10,862 | |||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 7,783,132 | 8,488,414 | 2,603,381 | 7,426,299 | 45,926 | 45,926 | |||||||||||||||||||
Direct Financing Leases | 336,989 | 336,989 | 192,847 | 97,846 | - | - | |||||||||||||||||||
Residential Real Estate | 1,044,820 | 1,044,820 | 246,266 | 641,217 | 1,883 | 1,883 | |||||||||||||||||||
Installment and Other Consumer | 840,783 | 840,783 | 467,552 | 640,557 | - | - | |||||||||||||||||||
$ | 12,322,746 | $ | 13,838,755 | $ | 5,008,822 | $ | 11,252,892 | $ | 92,374 | $ | 92,374 | ||||||||||||||
Total Impaired Loans/Leases: | |||||||||||||||||||||||||
Commercial and Industrial | $ | 1,761,850 | $ | 2,525,706 | $ | 927,453 | $ | 1,969,583 | $ | 41,452 | $ | 41,452 | |||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 551,789 | 551,789 | 67,498 | 1,968,858 | - | - | |||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 2,831,715 | 3,066,115 | 503,825 | 3,803,528 | 10,862 | 10,862 | |||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 9,573,411 | 10,390,693 | 2,603,381 | 11,295,792 | 104,460 | 104,460 | |||||||||||||||||||
Direct Financing Leases | 894,458 | 894,458 | 192,847 | 900,671 | - | - | |||||||||||||||||||
Residential Real Estate | 2,116,747 | 2,116,747 | 246,266 | 1,651,244 | 6,118 | 6,118 | |||||||||||||||||||
Installment and Other Consumer | 1,350,450 | 1,350,450 | 467,552 | 1,246,839 | 4,464 | 4,464 | |||||||||||||||||||
$ | 19,080,420 | $ | 20,895,958 | $ | 5,008,822 | $ | 22,836,515 | $ | 167,356 | $ | 167,356 | ||||||||||||||
Impaired loans/leases for which no allowance has been provided have adequate collateral, based on management’s current estimates. | |||||||||||||||||||||||||
2012 | |||||||||||||||||||||||||
Classes of Loans/Leases | Recorded Investment | Unpaid | Related | Average | Interest Income Recognized | Interest Income Recognized for Cash Payments Received | |||||||||||||||||||
Principal | Allowance | Recorded Investment | |||||||||||||||||||||||
Balance | |||||||||||||||||||||||||
Impaired Loans/Leases with No Specific Allowance Recorded: | |||||||||||||||||||||||||
Commercial and Industrial | $ | 438,355 | $ | 1,203,710 | $ | - | $ | 757,286 | $ | 7,910 | $ | 7,910 | |||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 503,321 | 503,321 | - | 624,766 | - | - | |||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 678,523 | 678,523 | - | 3,359,435 | 3,549 | 3,549 | |||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 495,702 | 495,702 | - | 5,288,820 | 2,017 | 2,017 | |||||||||||||||||||
Direct Financing Leases | 777,645 | 777,645 | - | 871,076 | - | - | |||||||||||||||||||
Residential Real Estate | 944,211 | 1,127,242 | - | 1,050,160 | 6,728 | 6,728 | |||||||||||||||||||
Installment and Other Consumer | 534,368 | 534,368 | - | 815,720 | 629 | 629 | |||||||||||||||||||
$ | 4,372,125 | $ | 5,320,511 | $ | - | $ | 12,767,263 | $ | 20,833 | $ | 20,833 | ||||||||||||||
Impaired Loans/Leases with Specific Allowance Recorded: | |||||||||||||||||||||||||
Commercial and Industrial | $ | 568,597 | $ | 590,849 | $ | 280,170 | $ | 499,036 | $ | - | $ | - | |||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | - | - | - | - | - | - | |||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 3,967,583 | 3,967,583 | 1,105,795 | 2,311,845 | 5,749 | 5,749 | |||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 14,738,717 | 14,991,676 | 2,899,247 | 10,949,295 | 308,339 | 308,339 | |||||||||||||||||||
Direct Financing Leases | 221,157 | 221,157 | 125,000 | 90,610 | - | - | |||||||||||||||||||
Residential Real Estate | 273,045 | 273,045 | 105,565 | 258,677 | - | - | |||||||||||||||||||
Installment and Other Consumer | 152,987 | 152,987 | 71,992 | 101,075 | - | - | |||||||||||||||||||
$ | 19,922,086 | $ | 20,197,297 | $ | 4,587,769 | $ | 14,210,538 | $ | 314,088 | $ | 314,088 | ||||||||||||||
Total Impaired Loans/Leases: | |||||||||||||||||||||||||
Commercial and Industrial | $ | 1,006,952 | $ | 1,794,559 | $ | 280,170 | $ | 1,256,322 | $ | 7,910 | $ | 7,910 | |||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 503,321 | 503,321 | - | 624,766 | - | - | |||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 4,646,106 | 4,646,106 | 1,105,795 | 5,671,280 | 9,298 | 9,298 | |||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 15,234,419 | 15,487,378 | 2,899,247 | 16,238,115 | 310,356 | 310,356 | |||||||||||||||||||
Direct Financing Leases | 998,802 | 998,802 | 125,000 | 961,686 | - | - | |||||||||||||||||||
Residential Real Estate | 1,217,256 | 1,400,287 | 105,565 | 1,308,837 | 6,728 | 6,728 | |||||||||||||||||||
Installment and Other Consumer | 687,355 | 687,355 | 71,992 | 916,795 | 629 | 629 | |||||||||||||||||||
$ | 24,294,211 | $ | 25,517,808 | $ | 4,587,769 | $ | 26,977,801 | $ | 334,921 | $ | 334,921 | ||||||||||||||
Impaired loans/leases for which no allowance has been provided have adequate collateral, based on management’s current estimates. | |||||||||||||||||||||||||
Note 4. Loans/Leases Receivable (continued) | |||||||||||||||||||||||||
2011 | |||||||||||||||||||||||||
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 | $ | 360,947 | $ | 979,901 | $ | - | $ | 3,873,371 | $ | - | $ | - | |||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 736,610 | 736,610 | - | 1,909,754 | - | - | |||||||||||||||||||
Commercial Construction, Land Development, and Other Land | - | - | - | 2,979,950 | - | - | |||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 3,936,826 | 3,986,820 | - | 5,568,776 | - | - | |||||||||||||||||||
Direct Financing Leases | 1,094,178 | 1,094,178 | - | 1,487,570 | 81,921 | 81,921 | |||||||||||||||||||
Residential Real Estate | 788,685 | 862,298 | - | 892,480 | - | - | |||||||||||||||||||
Installment and Other Consumer | 593,987 | 593,987 | - | 821,889 | - | - | |||||||||||||||||||
$ | 7,511,233 | $ | 8,253,794 | $ | - | $ | 17,533,790 | $ | 81,921 | $ | 81,921 | ||||||||||||||
Impaired Loans/Leases with Specific Allowance Recorded: | |||||||||||||||||||||||||
Commercial and Industrial | $ | 1,791,908 | $ | 1,791,908 | $ | 903,187 | $ | 1,175,105 | $ | 36,984 | $ | 36,984 | |||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 217,059 | 217,059 | 47,911 | 121,201 | - | - | |||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 9,051,455 | 9,051,455 | 3,002,450 | 4,334,241 | 16,249 | 16,249 | |||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 10,339,415 | 10,839,415 | 1,247,377 | 5,595,044 | 11,623 | 11,623 | |||||||||||||||||||
Direct Financing Leases | 212,485 | 212,485 | 66,675 | 138,127 | 5,244 | 5,244 | |||||||||||||||||||
Residential Real Estate | 344,789 | 344,789 | 55,884 | 282,020 | - | - | |||||||||||||||||||
Installment and Other Consumer | 390,819 | 390,819 | 22,819 | 51,871 | - | - | |||||||||||||||||||
$ | 22,347,930 | $ | 22,847,930 | $ | 5,346,303 | $ | 11,697,609 | $ | 70,100 | $ | 70,100 | ||||||||||||||
Total Impaired Loans/Leases: | |||||||||||||||||||||||||
Commercial and Industrial | $ | 2,152,855 | $ | 2,771,809 | $ | 903,187 | $ | 5,048,476 | $ | 36,984 | $ | 36,984 | |||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 953,669 | 953,669 | 47,911 | 2,030,955 | - | - | |||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 9,051,455 | 9,051,455 | 3,002,450 | 7,314,191 | 16,249 | 16,249 | |||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 14,276,241 | 14,826,235 | 1,247,377 | 11,163,820 | 11,623 | 11,623 | |||||||||||||||||||
Direct Financing Leases | 1,306,663 | 1,306,663 | 66,675 | 1,625,697 | 87,165 | 87,165 | |||||||||||||||||||
Residential Real Estate | 1,133,474 | 1,207,087 | 55,884 | 1,174,500 | - | - | |||||||||||||||||||
Installment and Other Consumer | 984,806 | 984,806 | 22,819 | 873,760 | - | - | |||||||||||||||||||
$ | 29,859,163 | $ | 31,101,724 | $ | 5,346,303 | $ | 29,231,399 | $ | 152,021 | $ | 152,021 | ||||||||||||||
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 as needed basis depending on the specific circumstances of the loan. See Note 1 for further discussion on the Company’s risk ratings. | |||||||||||||||||||||||||
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 December 31, 2013 and 2012: | |||||||||||||||||||||||||
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) | $ | 407,294,743 | $ | 250,028,731 | $ | 51,868,919 | $ | 326,168,882 | $ | 1,035,361,275 | |||||||||||||||
Special Mention (Rating 6) | 11,355,713 | 8,318,232 | 1,588,086 | 3,310,017 | 24,572,048 | ||||||||||||||||||||
Substandard (Rating 7) | 13,037,673 | 2,868,949 | 4,387,897 | 23,213,216 | 43,507,735 | ||||||||||||||||||||
Doubtful (Rating 8) | - | - | - | - | - | ||||||||||||||||||||
$ | 431,688,129 | $ | 261,215,912 | $ | 57,844,902 | $ | 352,692,115 | $ | 1,103,441,058 | ||||||||||||||||
2013 | |||||||||||||||||||||||||
Delinquency Status * | Direct Financing Leases | Residential Real Estate | Installment and Other Consumer | Total | |||||||||||||||||||||
Performing | $ | 128,006,984 | $ | 145,345,719 | $ | 74,688,039 | $ | 348,040,742 | |||||||||||||||||
Nonperforming | 894,458 | 2,010,604 | 1,345,771 | 4,250,833 | |||||||||||||||||||||
$ | 128,901,442 | $ | 147,356,323 | $ | 76,033,810 | $ | 352,291,575 | ||||||||||||||||||
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 | ||||||||||||||||
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 December 31, 2013 and 2012, troubled debt restructurings totaled $13,413,366 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 years ended December 31, 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 restructuring. The specific allowance is as of December 31, 2013 and 2012, respectively. The following excludes any troubled debt restructurings that were restructured and paid off in the same year. | |||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||
Classes of Loans/Leases | 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 | $ | 182,498 | ||||||||||||||||||
Owner-Occupied Commercial Real Estate | 1 | 61,517 | 61,517 | 10,260 | |||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate * | 8 | 6,637,835 | 6,637,835 | 1,535,154 | |||||||||||||||||||||
12 | $ | 7,508,846 | $ | 7,508,846 | $ | 1,727,912 | |||||||||||||||||||
CONCESSION - Significant payment delay | |||||||||||||||||||||||||
Residential Real Estate | 1 | $ | 91,581 | $ | 91,581 | $ | - | ||||||||||||||||||
Installment and Other Consumer | 1 | 370,000 | 370,000 | 300 | |||||||||||||||||||||
2 | $ | 461,581 | $ | 461,581 | $ | 300 | |||||||||||||||||||
CONCESSION - Interest rate adjusted below market | |||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 1 | $ | 337,500 | $ | 337,500 | $ | - | ||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate ** | 1 | - | - | 4,837 | |||||||||||||||||||||
Residential Real Estate | 3 | 394,838 | 394,838 | 108,121 | |||||||||||||||||||||
5 | $ | 732,338 | $ | 732,338 | $ | 112,958 | |||||||||||||||||||
TOTAL | 19 | $ | 8,702,765 | $ | 8,702,765 | $ | 1,841,170 | ||||||||||||||||||
*Includes one troubled debt restructuring that is a $136,000 line of credit that had nothing outstanding at the time of modification. The total amount outstanding as of December 31, 2013 was $135,477 with specific allowance of $67,745. | |||||||||||||||||||||||||
**Includes one troubled debt restructuring that is a $25,000 line of credit that had nothing outstanding at the time of modification. The total amount outstanding as of December 31, 2013 was $4,837 with specific allowance of $4,837. | |||||||||||||||||||||||||
Of the troubled debt restructurings reported above, 13 with post-modification recorded investments totaling $6,579,346 were on nonaccrual as of December 31, 2013. | |||||||||||||||||||||||||
For the year ended December 31, 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. | |||||||||||||||||||||||||
2012 | |||||||||||||||||||||||||
Classes of Loans/Leases | Number of Loans/Leases | Pre-Modification Recorded Investment | Post-Modification Recorded Investment | Specific Allowance | |||||||||||||||||||||
CONCESSION - Extension of maturity | |||||||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 1 | $ | 733,442 | $ | 733,442 | $ | 176,526 | ||||||||||||||||||
CONCESSION - Significant payment delay | |||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 8 | $ | 1,274,172 | $ | 1,274,172 | $ | 190,997 | ||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 2 | 264,173 | 264,173 | 36,724 | |||||||||||||||||||||
Residential Real Estate | 1 | 64,722 | 64,722 | - | |||||||||||||||||||||
Installment and Other Consumer | 2 | 35,318 | 35,318 | 5,332 | |||||||||||||||||||||
13 | $ | 1,638,385 | $ | 1,638,385 | $ | 233,053 | |||||||||||||||||||
CONCESSION - Interest rate adjusted below market | |||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 1 | $ | 337,500 | $ | 337,500 | $ | 55,295 | ||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 2 | 1,542,784 | 1,289,825 | 262,704 | |||||||||||||||||||||
Residential Real Estate | 1 | 167,739 | 167,739 | - | |||||||||||||||||||||
Installment and Other Consumer | 1 | 16,043 | 16,043 | - | |||||||||||||||||||||
5 | $ | 2,064,066 | $ | 1,811,107 | $ | 317,999 | |||||||||||||||||||
TOTAL | 19 | $ | 4,435,893 | $ | 4,182,934 | $ | 727,578 | ||||||||||||||||||
Of the troubled debt restructurings reported above, 9 with post-modification recorded investments totaling $1,779,126 were on nonaccrual as of December 31, 2012. | |||||||||||||||||||||||||
For the year ended December 31, 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. | |||||||||||||||||||||||||
Loans are made in the normal course of business to directors, executive officers, and their related interests. The terms of these loans, including interest rates and collateral, are similar to those prevailing for comparable transactions with other persons. An analysis of the changes in the aggregate committed amount of loans greater than or equal to $60,000 during the years ended December 31, 2013, 2012, and 2011, was as follows: | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Balance, beginning | $ | 20,502,058 | $ | 19,155,542 | $ | 20,796,427 | |||||||||||||||||||
Net increase (decrease) due to change in related parties | 17,124,702 | 2,784,143 | (235,000 | ) | |||||||||||||||||||||
Advances | 6,213,381 | 6,754,970 | 10,674,567 | ||||||||||||||||||||||
Repayments | (4,647,175 | ) | (8,192,597 | ) | (12,080,452 | ) | |||||||||||||||||||
Balance, ending | $ | 39,192,966 | $ | 20,502,058 | $ | 19,155,542 | |||||||||||||||||||
The Company’s loan portfolio includes a geographic concentration in the Midwest. Additionally, the loan portfolio includes a concentration of loans in certain industries as of December 31, 2013 and 2012 as follows: | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
Industry Name | Balance | Percentage of Total Loans/Leases | Balance | Percentage of Total Loans/Leases | |||||||||||||||||||||
Lessors of Non-Residential Buildings | $ | 237,049,149 | 16 | % | $ | 178,060,120 | 14 | % | |||||||||||||||||
Lessors of Residential Buildings | 69,087,354 | 5 | % | 61,459,574 | 5 | % | |||||||||||||||||||
Bank Holding Companies | 56,716,875 | 4 | % | 47,662,055 | 4 | % | |||||||||||||||||||
Note_5_Premises_and_Equipment
Note 5 - Premises and Equipment | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Property, Plant and Equipment [Abstract] | ' | ||||||||
Property, Plant and Equipment Disclosure [Text Block] | ' | ||||||||
Note 5. Premises and Equipment | |||||||||
The following summarizes the components of premises and equipment as of December 31, 2013 and 2012: | |||||||||
2013 | 2012 | ||||||||
Land | $ | 7,287,656 | $ | 5,583,180 | |||||
Buildings (useful lives 15 to 50 years) | 31,290,618 | 28,368,503 | |||||||
Furniture and equipment (useful lives 3 to 10 years) | 21,882,303 | 20,069,281 | |||||||
60,460,577 | 54,020,964 | ||||||||
Less accumulated depreciation | 23,705,213 | 22,758,574 | |||||||
$ | 36,755,364 | $ | 31,262,390 | ||||||
Certain facilities are leased under operating leases. Rental expense was $795,816, $372,631, and $290,101 for the years ended December 31, 2013, 2012, and 2011, respectively. | |||||||||
Future minimum rental commitments under noncancelable leases are as follows as of December 31, 2013: | |||||||||
Year ending December 31: | |||||||||
2014 | $ | 358,362 | |||||||
2015 | 233,188 | ||||||||
2016 | 239,241 | ||||||||
2017 | 241,116 | ||||||||
2018 | 194,016 | ||||||||
Thereafter | 162,792 | ||||||||
$ | 1,428,715 | ||||||||
Note_6_Deposits
Note 6 - Deposits | 12 Months Ended | |||||
Dec. 31, 2013 | ||||||
Disclosure Text Block [Abstract] | ' | |||||
Deposit Liabilities Disclosures [Text Block] | ' | |||||
Note 6. Deposits | ||||||
The aggregate amount of certificates of deposit, each with a minimum denomination of $100,000, was $305,326,265 and $249,664,219 as of December 31, 2013 and 2012, respectively. | ||||||
As of December 31, 2013, the scheduled maturities of certificates of deposit were as follows: | ||||||
Year ending December 31: | ||||||
2014 | $ | 300,290,809 | ||||
2015 | 59,280,188 | |||||
2016 | 16,177,554 | |||||
2017 | 6,607,701 | |||||
2018 | 6,425,639 | |||||
Thereafter | 2,000,000 | |||||
$ | 390,781,891 | |||||
Note_7_ShortTerm_Borrowings
Note 7 - Short-Term Borrowings | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Disclosure Text Block [Abstract] | ' | ||||||||
Short-term Debt [Text Block] | ' | ||||||||
Note 7. Short-Term Borrowings | |||||||||
Short-term borrowings as of December 31, 2013 and 2012 are summarized as follows: | |||||||||
2013 | 2012 | ||||||||
Overnight repurchase agreements with customers | $ | 98,822,967 | $ | 104,942,961 | |||||
Federal funds purchased | 50,470,000 | 66,140,000 | |||||||
$ | 149,292,967 | $ | 171,082,961 | ||||||
Information concerning overnight repurchase agreements with customers is summarized as follows as of December 31, 2013 and 2012: | |||||||||
2013 | 2012 | ||||||||
Average daily balance during the period | $ | 123,543,416 | $ | 111,782,307 | |||||
Average daily interest rate during the period | 0.12 | % | 0.13 | % | |||||
Maximum month-end balance during the period | $ | 146,075,177 | $ | 141,890,506 | |||||
Weighted average rate as of end of period | 0.13 | % | 0.11 | % | |||||
Securities underlying the agreements as of end of period: | |||||||||
Carrying value | $ | 143,262,002 | $ | 160,950,808 | |||||
Fair value | 143,262,002 | 160,950,808 | |||||||
The securities underlying the agreements as of December 31, 2013 and 2012 were under the Company's control in safekeeping at third-party financial institutions. | |||||||||
Information concerning federal funds purchased is summarized as follows as of December 31, 2013 and 2012: | |||||||||
2013 | 2012 | ||||||||
Average daily balance during the period | $ | 41,156,729 | $ | 52,379,823 | |||||
Average daily interest rate during the period | 0.4 | % | 0.27 | % | |||||
Maximum month-end balance during the period | $ | 95,380,000 | $ | 80,150,000 | |||||
Weighted average rate as of end of period | 0.28 | % | 0.26 | % | |||||
Note_8_Federal_Home_Loan_Bank_
Note 8 - Federal Home Loan Bank Advances | 12 Months Ended | ||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||||||||
Federal Home Loan Bank Advances, Disclosure [Text Block] | ' | ||||||||||||||||||
Note 8. Federal Home Loan Bank Advances | |||||||||||||||||||
The subsidiary banks are members of the FHLB of Des Moines or Chicago. As of December 31, 2013 and 2012, the subsidiary banks held $12,343,500 and $11,986,400, respectively, of FHLB stock, which is included in restricted investment securities on the consolidated balance sheets. | |||||||||||||||||||
During the first quarter of 2011, QCBT prepaid $15,000,000 of FHLB advances with a weighted average interest rate of 4.87% and a weighted average maturity of May 2012. The fees for prepayment totaled $832,099 and are included in noninterest expenses in the Statement of Income. In addition, QCBT modified $20,350,000 of fixed rate FHLB advances with a weighted average interest rate of 4.33% and a weighted average maturity of October 2013 into new fixed rate FHLB advances with a weighted average interest rate of 3.35% and a weighted average maturity of February 2014. | |||||||||||||||||||
During the fourth quarter of 2011, RB&T modified $13,000,000 of fixed rate FHLB advances with a weighted average rate of 3.37% and a weighted average maturity of March 2013 into new fixed rate FHLB advances with a weighted average interest rate of 2.29% and a weighted average maturity of February 2016. | |||||||||||||||||||
During the second quarter of 2013, CRBT modified $20,000,000 of fixed rate FHLB advances with a weighted average rate of 4.82% and a weighted average maturity of October 2016 into new fixed rate FHLB advances with a weighted average interest rate of 4.12% and a weighted average maturity of June 2019. | |||||||||||||||||||
There were no prepayments during 2013 or 2012. | |||||||||||||||||||
Maturity and interest rate information on advances from FHLB as of December 31, 2013 and 2012 is as follows: | |||||||||||||||||||
31-Dec-13 | |||||||||||||||||||
Amount Due | Weighted | Amount Due | Weighted | ||||||||||||||||
Average | with | Average | |||||||||||||||||
Interest Rate | Putable Option * | Interest Rate | |||||||||||||||||
at Year-End | at Year-End | ||||||||||||||||||
Maturity: | |||||||||||||||||||
Year ending December 31: | |||||||||||||||||||
2014 | $ | 75,850,000 | 1.32 | % | $ | - | - | % | |||||||||||
2015 | 21,000,000 | 2.26 | - | - | |||||||||||||||
2016 | 42,500,000 | 3.96 | 32,500,000 | 4.56 | |||||||||||||||
2017 | 31,000,000 | 3.75 | 15,000,000 | 4.42 | |||||||||||||||
2018 | 41,000,000 | 3.58 | 5,000,000 | 2.84 | |||||||||||||||
Thereafter | 20,000,000 | 4.12 | - | - | |||||||||||||||
Total FHLB advances | $ | 231,350,000 | 2.86 | $ | 52,500,000 | 4.36 | |||||||||||||
31-Dec-12 | |||||||||||||||||||
Amount Due | Weighted | Amount Due | Weighted | ||||||||||||||||
Average | with | Average | |||||||||||||||||
Interest Rate | Putable Option * | Interest Rate | |||||||||||||||||
at Year-End | at Year-End | ||||||||||||||||||
Maturity: | |||||||||||||||||||
Year ending December 31: | |||||||||||||||||||
2013 | $ | 24,000,000 | 1.5 | % | $ | - | - | % | |||||||||||
2014 | 27,850,000 | 3.16 | - | - | |||||||||||||||
2015 | 16,000,000 | 2.84 | - | - | |||||||||||||||
2016 | 57,500,000 | 4.19 | 47,500,000 | 4.64 | |||||||||||||||
2017 | 36,000,000 | 3.89 | 20,000,000 | 4.51 | |||||||||||||||
Thereafter | 41,000,000 | 3.58 | 33,000,000 | 3.64 | |||||||||||||||
Total FHLB advances | $ | 202,350,000 | 3.45 | $ | 100,500,000 | 4.29 | |||||||||||||
*Of the advances outstanding, a large portion have putable options which allow the FHLB, at its discretion, to terminate the advances and require the subsidiary banks to repay at predetermined dates prior to the stated maturity date of the advances. | |||||||||||||||||||
Advances are collateralized by securities with a carrying value of $87,061,601 and $18,959,669 as of December 31, 2013 and 2012, respectively, and by loans pledged of $543,076,034 and $423,179,584, respectively, in aggregate. On pledged loans, the FHLB applies varying collateral maintenance levels from 125% to 333% based on the loan type. |
Note_9_Other_Borrowings_and_Un
Note 9 - Other Borrowings and Unused Lines of Credit | 12 Months Ended | ||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||
Debt Disclosure [Abstract] | ' | ||||||||||||||||||
Debt Disclosure [Text Block] | ' | ||||||||||||||||||
Note 9. Other Borrowings and Unused Lines of Credit | |||||||||||||||||||
Other borrowings as of December 31, 2013 and 2012 are summarized as follows: | |||||||||||||||||||
2013 | 2012 | ||||||||||||||||||
Wholesale repurchase agreements | $ | 130,000,000 | $ | 130,000,000 | |||||||||||||||
Term note | 9,800,000 | - | |||||||||||||||||
364-day revolving note | - | 5,600,000 | |||||||||||||||||
Series A subordinated notes | 2,648,362 | 2,639,762 | |||||||||||||||||
$ | 142,448,362 | $ | 138,239,762 | ||||||||||||||||
Maturity and interest rate information concerning wholesale structured repurchase agreements is summarized as follows: | |||||||||||||||||||
31-Dec-13 | 31-Dec-12 | ||||||||||||||||||
Amount Due | Weighted | Amount Due | Weighted | ||||||||||||||||
Average | Average | ||||||||||||||||||
Interest Rate | Interest Rate | ||||||||||||||||||
at Year-End | at Year-End | ||||||||||||||||||
Maturity: | |||||||||||||||||||
Year ending December 31: | |||||||||||||||||||
2015 | $ | 5,000,000 | 2.77 | % | $ | 35,000,000 | 3 | % | |||||||||||
2016 | - | 0 | 20,000,000 | 3.46 | |||||||||||||||
2017 | 10,000,000 | 3 | 10,000,000 | 3 | |||||||||||||||
Thereafter | 115,000,000 | 3.25 | 65,000,000 | 3.71 | |||||||||||||||
Total Wholesale Structured Repurchase Agreements | $ | 130,000,000 | 3.21 | $ | 130,000,000 | 3.43 | |||||||||||||
Each wholesale structured repurchase agreement has a one-time put option, at the discretion of the counterparty, to terminate the agreement and require the subsidiary bank to repay at predetermined dates prior to the stated maturity date of the agreement. | |||||||||||||||||||
As of December 31, 2013 and 2012, embedded within $30,000,000 and $50,000,000, respectively, of the wholesale structured repurchase agreements were interest rate cap options with varying terms. Of the $30,000,000 as of December 31, 2013, all of it matures in 2019 with the caps expiring in 2014 in conjunction with the one-time put option. Of the $50,000,000 as of December 31, 2012, $20,000,000 matures in 2016 with the caps expiring in 2013 in conjunction with the one-time put option, and $30,000,000 matures in 2019 with the caps expiring in 2014 in conjunction with the one-time put option. The interest rate cap options are effected when the 3-month LIBOR rate increases to certain levels. If that situation occurs, the rate paid will be decreased by the difference between the 3-month LIBOR rate and the particular cap level. In no case will the rate paid fall below 0.00%. | |||||||||||||||||||
During 2013, the Company modified $50,000,000 of fixed rate wholesale structured repurchase agreements with a weighted average interest rate of 3.21% and a weighted average maturity of February 2016 into new fixed rate wholesale structured repurchase agreements with a weighted average interest rate of 2.65% and a weighted average maturity of May 2020. During 2012, the Company modified $25,000,000 of fixed rate wholesale structured repurchase agreements with a weighted average interest rate of 3.77% and a weighted average maturity of December 2015 into new fixed rate wholesale structured repurchase agreements with a weighted average interest rate of 3.21% and a weighted average maturity of April 2019. Of this $25,000,000, $15,000,000 had interest rate cap options embedded that were set to expire in 2013 in conjunction with the one-time put option. Upon modification, the interest rate cap options were cancelled. | |||||||||||||||||||
The wholesale structured repurchase agreements are collateralized by securities with a carrying value of $151,592,944 and $160,772,093 as of December 31, 2013 and 2012, respectively. | |||||||||||||||||||
At December 31, 2012, the Company had a single $20,000,000 secured revolving credit note which matures every 364 days. At December 31, 2012, the note carried a balance outstanding of $5,600,000. Interest was payable monthly at the effective LIBOR rate plus 2.50% per annum, as defined by the credit agreement. As of December 31, 2012, the interest rate on the note was 2.71%. 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 (3.17% at December 31, 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 December 31, 2013, the Company had not borrowed on this revolving credit note and had the full amount available. | |||||||||||||||||||
The current revolving note agreement contains certain covenants that place restrictions on additional debt and stipulate minimum capital and various operating ratios. | |||||||||||||||||||
On March 19, 2010, the Company closed a private placement offering resulting in the issuance of 2,700 units (each, a “Unit”) to accredited investors for an aggregate purchase price of $2,700,000, or $1,000 per Unit. Each Unit consists of a 6.00% Series A Subordinated Note, due September 1, 2018 (collectively, the “Subordinated Notes”), $1,000 principal amount, and a detachable warrant (collectively, the “Warrants”) to acquire 20 shares of the Company’s common stock, par value $1.00 per share (the “Common Stock”), at a per share exercise price equal to $10.00 per share, subject to normal adjustments, as set forth in the Warrants. During the year ended December 31, 2012, all 54,000 Warrants were exercised by the holders for total proceeds in the amount of $540,000. | |||||||||||||||||||
The Subordinated Notes have a maturity date of September 1, 2018. The Subordinated Notes bear interest payable semi-annually, in arrears, on June 30 and December 30 of each year, at a fixed interest rate of 6.00% per year. The Company may, at its option, subject to regulatory approvals, redeem some or all of the Subordinated Notes at a redemption price equal to 100% of the principal amount of the redeemed notes, plus any accrued but unpaid interest. | |||||||||||||||||||
The Subordinated Notes are intended to qualify as Tier 2 capital of the Company for regulatory purposes. The Company used the net proceeds from the sale of the Units to further strengthen the capital positions of the Company and specifically RB&T. | |||||||||||||||||||
Unused lines of credit of the subsidiary banks as of December 31, 2013 and 2012 are summarized as follows: | |||||||||||||||||||
2013 | 2012 | ||||||||||||||||||
Secured | $ | 26,791,107 | $ | 52,703,791 | |||||||||||||||
Unsecured | 324,500,000 | 259,000,000 | |||||||||||||||||
$ | 351,291,107 | $ | 311,703,791 | ||||||||||||||||
The Company pledges the eligible portion of its municipal securities portfolio and select commercial and industrial and commercial real estate loans to the Federal Reserve Bank of Chicago for borrowing at the Discount Window. |
Note_10_Junior_Subordinate_Deb
Note 10 - Junior Subordinate Debentures | 12 Months Ended | |||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||
Subordinated Borrowings [Abstract] | ' | |||||||||||||||||
Subordinated Borrowings Disclosure [Text Block] | ' | |||||||||||||||||
Note 10. 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%. Principal is due September 20, 2034, but is callable at any time. The second debenture assumed 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%. Principal is due March 15, 2037, but is callable at any time. | ||||||||||||||||||
Junior subordinated debentures are summarized as of December 31, 2013 and 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 (see Note 2) | (2,497,170 | ) | - | |||||||||||||||
$ | 40,289,830 | $ | 36,085,000 | |||||||||||||||
A schedule of the Company’s non-consolidated subsidiaries formed for the issuance of trust preferred securities including the amounts outstanding as of December 31, 2013 and 2012, is as follows: | ||||||||||||||||||
Name | Date Issued | Amount Issued | Interest Rate | Interest Rate as of 12/31/2013 | Interest Rate as of 12/31/2012 | |||||||||||||
QCR Holdings Statutory Trust II | Feb-04 | $ | 12,372,000 | 2.85 | % over 3-month LIBOR | 3.1 | % | 3.21 | % | |||||||||
QCR Holdings Statutory Trust III | Feb-04 | 8,248,000 | 2.85 | % over 3-month LIBOR | 3.1 | % | 3.21 | % | ||||||||||
QCR Holdings Statutory Trust IV | May-05 | 5,155,000 | 1.8 | % over 3-month LIBOR | 2.04 | % | 2.14 | % | ||||||||||
QCR Holdings Statutory Trust V | Feb-06 | 10,310,000 | 1.55 | % over 3-month LIBOR | 1.79 | % | 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 | 1.99 | % | N/A | |||||||||||
$ | 42,787,000 | Weighted Average Rate | 2.51 | % | 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 anytime. |
Note_11_Preferred_Stock
Note 11 - Preferred Stock | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Disclosure Text Block Supplement [Abstract] | ' | ||||||||
Preferred Stock [Text Block] | ' | ||||||||
Note 11. Preferred Stock | |||||||||
Preferred stock is summarized as of December 31, 2013 and 2012 as follows: | |||||||||
2013 | 2012 | ||||||||
Series E Non-Cumulative Convertible Perpetual Preferred Stock | $ | - | $ | 25,000 | |||||
Series F Non-Cumulative Perpetual Preferred Stock | 29,867 | 29,867 | |||||||
$ | 29,867 | $ | 54,867 | ||||||
Series D Cumulative Perpetual Preferred Stock and Common Stock Warrant: On February 13, 2009, the Company issued 38,237 shares of Series D Cumulative Perpetual Preferred Stock (the “Series D Preferred Stock”) to the U.S. Department of the Treasury (the “Treasury”) for an aggregate purchase price of $38,237,000. The sale of Series D Preferred Stock was a result of the Company’s participation in the Treasury’s voluntary Capital Purchase Program (“CPP”). The Series D Preferred Stock qualified as Tier 1 capital and paid cumulative dividends at a rate of 5% per annum for the first five years, and 9% per annum thereafter. This sale also included the issuance of a warrant (“CPP Warrant”) that allowed Treasury to purchase up to 521,888 shares of the Company’s common stock at an exercise price of $10.99. The CPP Warrant had a ten-year term and was immediately exercisable upon its issuance, with an exercise price, subject to anti-dilution adjustments, equal to $10.99 per share of the Company’s common stock. | |||||||||
The proceeds received from the Treasury were allocated to the Series D Preferred Stock and the CPP Warrant based on relative fair value. The fair value of the Series D Preferred Stock was determined through a discounted future cash flows model using a discount rate of 12%. The fair value of the CPP Warrant was calculated using the Black-Scholes option pricing model, which includes assumptions regarding the Company’s dividend yield, stock price volatility, and the risk-free interest rate. The relative fair value of the Series D Preferred Stock and the CPP Warrant on February 13, 2009, the date of issuance, was $35.8 million and $2.4 million, respectively. | |||||||||
The Company calculated a discount on the Series D Preferred Stock in the amount of $2.4 million, which was being amortized over a 5 year period. The effective cost on the Series D Preferred Stock, including the accretion of the discount, was approximately 6.23%. In determining net income (loss) attributable to the Company’s common stockholders, the periodic accretion and the cash dividend on the preferred stock were subtracted from net income (loss) attributable to the Company. | |||||||||
On September 15, 2011, the Company redeemed the 38,237 shares of Series D Preferred Stock simultaneously upon the issuance of the Senior Non-Cumulative Perpetual Preferred Stock, Series F (the “Series F Preferred Stock”). See below for a detailed discussion of the issuance of Series F Preferred Stock. Upon redemption, accretion of the remaining discount, or $1,252,023, was recognized. | |||||||||
Separately, on November 16, 2011, the Company repurchased the CPP Warrant from the Treasury for an aggregate price of $1,100,000. Simultaneous with the repurchase, the Company cancelled the CPP Warrant. | |||||||||
Series E Non-Cumulative Convertible Perpetual Preferred Stock: On June 30, 2010, the Company closed a private placement offering resulting in the issuance of 25,000 shares of Series E Preferred Stock for an aggregate purchase price of $25,000,000, or $1,000 per share (the liquidation amount). The private placement was fully subscribed and involved the exchange of $20.9 million (gross amount before related issuance costs) of the Company’s previously outstanding Series B Preferred Stock and Series C Preferred Stock and $4.1 million (gross amount before related issuance costs) of new capital from cash investors. The Company’s previously outstanding Series B Preferred Stock and Series C Preferred Stock carried stated dividend rates of 8.00% and 9.50%, respectively. All of the outstanding shares of Series B and Series C Preferred Stock were exchanged for the newly issued shares of Series E Preferred Stock. | |||||||||
The Series E Preferred Stock carried a stated dividend rate of 7.00% and was perpetually convertible by the holder into shares of common stock at a per share conversion price of $12.15, subject to anti-dilution adjustments upon the occurrence of certain events. In addition, the Company could exercise a conversion option on or after the third anniversary of the issue date (June 30, 2013), at the same $12.15 conversion price if the Company’s common stock price equals or exceeds $17.22 for at least 20 trading days in a period of 30 consecutive trading days. The Series E Preferred Stock was not registered under the Securities Act of 1933, as amended (the “Act”), and was issued pursuant to an exemption from registration under Regulation D of the rules promulgated under the Act. The Series E Preferred Stock was intended to qualify as Tier 1 capital of the Company for regulatory purposes. The Company used the net proceeds from the issuance to further strengthen its capital and liquidity positions. | |||||||||
Pursuant to the terms of the Series E Preferred Stock, because the Company’s common stock price exceeded $17.22 for at least 20 trading days in a period of 30 consecutive trading days, the Company’s Board of Directors approved the conversion and the preferred shareholders were notified by mail on November 21, 2013. The conversion was effective December 23, 2013. Each share of the Series E Preferred Stock was converted into the number of shares of common stock that resulted from dividing $1,000 (the issuance price per share of the Series E Preferred Stock) by $12.15 (the conversion price per share). No fractional shares were issued as a result of the conversion of the Series E Preferred Stock. Instead, holders received cash totaling $1,915 which equaled the amount of fractional shares multiplied by $17.24 (the closing price of the Company’s common stock on December 20, 2013). As a result of the conversion, the Company issued 2,057,502 shares of common stock. | |||||||||
Series F Non-Cumulative Perpetual Preferred Stock: On September 15, 2011, the Company issued 40,090 shares of Series F Preferred Stock to the Treasury for an aggregate purchase price of $40,090,000. The sale of Series F Preferred Stock is the result of an investment by the Treasury from the Small Business Lending Fund (“SBLF”), a $30 billion fund established under the Small Business Jobs Act of 2010 that encourages lending to small businesses by providing capital to qualified community banks with assets of less than $10 billion. As a requirement of the SBLF, simultaneously, the Company redeemed the 38,327 shares of Series D Preferred Stock, at an aggregate price of $38,237,000, plus accrued and unpaid dividends to the date of redemption of $159,321. | |||||||||
The Series F Preferred Stock qualifies as Tier 1 capital of the Company. Non-cumulative dividends are payable quarterly on the Series F Preferred Stock, and the dividend rate is based on changes in the level of “Qualified Small Business Lending” or “QSBL” by the Company’s wholly owned bank subsidiaries, QCBT, CRBT and RB&T. Based upon the change in the banks’ level of QSBL over the baseline level (as defined by SBLF, the baseline is the average of QSBL for the last two quarters of 2009 and the first two quarters of 2010), the dividend rate for the initial dividend period, which was from the date of issuance through September 30, 2011, was set at 5%, and the dividend rate for the fourth quarter of 2011 has also been set at 5%. For the 2nd through 10th calendar quarters, the annual dividend rate may be adjusted to between 1% and 5%, to reflect the amount of change in the banks’ level of QSBL. For the 11th calendar quarter through 4.5 years after issuance, the dividend rate is fixed at between 1% and 5%, based upon the increase in QSBL from the baseline level to the level as of the end of the ninth dividend period (i.e., as of September 30, 2013), or will be fixed at 7% if there is no increase or there is a decrease in QSBL during such period. In addition, beginning on April 1, 2014 and ending on April 1, 2016, if there is no increase or there is a decrease in QSBL from the baseline level to the level as of the end of the ninth dividend period (i.e., as of September 30, 2013), because of the Company’s participation in the CPP, the Company will be subject to an additional lending incentive fee of 2% per year. After 4.5 years from issuance, the dividend rate will increase to 9%. As the Company did not increase the QSBL from the baseline level as of September 30, 2013, the Company’s dividend rate, including the additional 2% lending incentive fee, increased to 9% beginning with the dividend payment due on April 1, 2014. | |||||||||
In accordance with SBLF, the Company may pay dividends on all stock assuming Tier 1 capital levels remain at least 90% of the level existing upon the date of issuance, or September 15, 2011. This threshold is subject to reduction depending on increases in the Company’s QSBL. | |||||||||
The Series F Preferred Stock is nonvoting, other than for consent rights granted to the Treasury with respect to: (i) any authorization or issuance of shares ranking senior to the Series F Preferred Stock; (ii) any amendment to the rights of the Series F Preferred Stock; (iii) any merger, exchange, dissolution, or similar transaction that would affect the rights of the Series F Preferred Stock; and (iv) any sale of all, or any material portion of, the Company’s assets if in conjunction with such sale, the Series F Preferred Stock will not be redeemed in full. | |||||||||
If the Company misses five dividend payments, whether or not consecutive, the holder of the Series F Preferred Stock will have the right, but not the obligation, to appoint a representative as an observer on the Company’s Board of Directors. If the Company misses six dividend payments, whether or not consecutive, and if the then outstanding aggregate liquidation amount of the Series F Preferred Stock is at least $25,000,000, then the holder of the Series F Preferred Stock will have the right to designate two directors to the Board of Directors of the Company. The Company has not missed a dividend payment. | |||||||||
The Series F Preferred Stock was issued in a private placement exempt from registration pursuant to Section 4(2) of the Act. | |||||||||
On June 29, 2012, the Company redeemed 10,223 shares of Series F Preferred Stock from the Treasury for an aggregate redemption amount of $10,223,000 plus unpaid dividends to the date of redemption of $124,948. The remaining Series F Preferred Stock may be redeemed at any time at the option of the Company, subject to the approval of the Company’s primary federal banking regulator. All redemptions must be in amounts equal to at least the lesser of 25% of the number of originally issued shares, or 100% of the then-outstanding shares. |
Note_12_Federal_and_State_Inco
Note 12 - Federal and State Income Taxes | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||||||||||||||
Income Tax Disclosure [Text Block] | ' | ||||||||||||||||||||||||
Note 12. Federal and State Income Taxes | |||||||||||||||||||||||||
Federal and state income tax expense was comprised of the following components for the years ended December 31, 2013, 2012, and 2011: | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Current | $ | 5,639,933 | $ | 2,232,183 | $ | 195,135 | |||||||||||||||||||
Deferred | (1,021,991 | ) | 2,302,418 | 3,673,064 | |||||||||||||||||||||
$ | 4,617,942 | $ | 4,534,601 | $ | 3,868,199 | ||||||||||||||||||||
A reconciliation of the expected federal income tax expense to the income tax expense included in the consolidated statements of income was as follows for the years ended December 31, 2013, 2012, and 2011: | |||||||||||||||||||||||||
Years Ended December 31, | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Amount | % of | Amount | % of | Amount | % of | ||||||||||||||||||||
Pretax | Pretax | Pretax | |||||||||||||||||||||||
Income | Income | Income | |||||||||||||||||||||||
Computed "expected" tax expense | $ | 6,844,665 | 35 | % | $ | 6,174,295 | 35 | % | $ | 4,899,324 | 35 | % | |||||||||||||
Effect of graduated tax rates interest | (123,868 | ) | (0.6 | ) | (20,775 | ) | (0.1 | ) | (139,981 | ) | (1.0 | ) | |||||||||||||
Tax exempt income, net | (1,790,049 | ) | (9.2 | ) | (1,243,660 | ) | (7.0 | ) | (692,742 | ) | (4.9 | ) | |||||||||||||
Bank-owned life insurance | (624,847 | ) | (3.2 | ) | (544,292 | ) | (3.1 | ) | (490,491 | ) | (3.5 | ) | |||||||||||||
State income taxes, net of federal benefit, current year | 758,695 | 3.9 | 730,865 | 4.1 | 533,250 | 3.8 | |||||||||||||||||||
Change in unrecognized tax benefits | 37,180 | 0.2 | (149,183 | ) | (0.8 | ) | 2,074 | - | |||||||||||||||||
Acquisition costs | 248,952 | 1.3 | - | - | - | - | |||||||||||||||||||
Noncontrolling interests | - | - | (166,081 | ) | (0.9 | ) | (148,995 | ) | (1.1 | ) | |||||||||||||||
Other | (732,786 | ) | (3.8 | ) | (246,568 | ) | (1.5 | ) | (94,240 | ) | (0.7 | ) | |||||||||||||
$ | 4,617,942 | 23.6 | % | $ | 4,534,601 | 25.7 | % | $ | 3,868,199 | 27.6 | % | ||||||||||||||
Changes in the unrecognized tax benefits included in other liabilities are as follows for the years ended December 31, 2013 and 2012: | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
Balance, beginning | $ | 994,078 | $ | 1,148,549 | |||||||||||||||||||||
Impact of tax positions taken during current year | 288,016 | 202,341 | |||||||||||||||||||||||
Gross increase related to tax positions of prior years | 16,939 | 21,781 | |||||||||||||||||||||||
Reduction as a result of a lapse of the applicable statute of limitations | (241,014 | ) | (378,593 | ) | |||||||||||||||||||||
Balance, ending | $ | 1,058,019 | $ | 994,078 | |||||||||||||||||||||
Included in the unrecognized tax benefits liability at December 31, 2013 are potential benefits of approximately $742,000 that, if recognized, would affect the effective tax rate. | |||||||||||||||||||||||||
The liability for unrecognized tax benefits includes accrued interest for tax positions, which either do not meet the more-likely-than-not recognition threshold or where the tax benefit is measured at an amount less than the tax benefit claimed or expected to be claimed on an income tax return. At December 31, 2013 and 2012, accrued interest on uncertain tax positions was approximately $316,000 and $302,000, respectively. Estimated interest related to the underpayment of income taxes is classified as a component of “income taxes” in the statements of income. | |||||||||||||||||||||||||
The Company’s federal income tax returns are open and subject to examination from the 2010 tax return year and forward. Various state franchise and income tax returns are generally open from the 2009 and later tax return years based on individual state statute of limitations. | |||||||||||||||||||||||||
The net deferred tax assets (liabilities) included with other assets on the consolidated balance sheets consisted of the following as of December 31, 2013 and 2012: | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
Deferred tax assets: | |||||||||||||||||||||||||
Alternative minimum tax credits | $ | 3,936,226 | $ | 2,717,333 | |||||||||||||||||||||
New markets tax credits | 1,500,000 | 1,000,000 | |||||||||||||||||||||||
Net unrealized losses on securities available for sale | 8,468,118 | - | |||||||||||||||||||||||
Compensation | 7,056,579 | 5,748,551 | |||||||||||||||||||||||
Loan/lease losses | 6,890,532 | 6,041,379 | |||||||||||||||||||||||
Net operating loss carryforwards, federal and state | 2,914,140 | 897,910 | |||||||||||||||||||||||
Deferred loan origination fees, net | 143,949 | 299,670 | |||||||||||||||||||||||
Other | 410,640 | 469,673 | |||||||||||||||||||||||
31,320,184 | 17,174,516 | ||||||||||||||||||||||||
Deferred tax liabilities: | |||||||||||||||||||||||||
Net unrealized gains on securities available for sale | - | 2,905,784 | |||||||||||||||||||||||
Premises and equipment | 1,575,582 | 1,601,682 | |||||||||||||||||||||||
Equipment financing leases | 23,191,514 | 20,013,576 | |||||||||||||||||||||||
Acquisition fair value adjustments | 1,319,981 | - | |||||||||||||||||||||||
Investment accretion | 45,463 | 45,363 | |||||||||||||||||||||||
Other | 551,080 | 367,440 | |||||||||||||||||||||||
26,683,620 | 24,933,845 | ||||||||||||||||||||||||
Net deferred tax asset (liability) | $ | 4,636,564 | $ | (7,759,329 | ) | ||||||||||||||||||||
At December 31, 2013, the Company had $6,949,939 of federal net operating loss carryforwards, of which $4,289,818 expires in 2029, $1,188,424 expires in 2030, $471,018 expires in 2031, $226,883 expires in 2032, and $773,797 expires in 2033. At December 31, 2013, the Company had $9,590,393 of state net operating loss carryforwards which are set to expire in varying amounts annually beginning in 2017 and ending in 2029. | |||||||||||||||||||||||||
The change in deferred income taxes was reflected in the consolidated financial statements as follows for the years ended December 31, 2013, 2012, and 2011: | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Provision for income taxes | $ | (1,021,991 | ) | $ | 2,302,418 | $ | 3,673,064 | ||||||||||||||||||
Statement of stockholders' equity- accumulated other comprehensive income (loss), unrealized gains (losses) on securities available for sale, net | (11,373,902 | ) | (35,008 | ) | 2,510,006 | ||||||||||||||||||||
$ | (12,395,893 | ) | $ | 2,267,410 | $ | 6,183,070 | |||||||||||||||||||
Note_13_Employee_Benefit_Plans
Note 13 - Employee Benefit Plans | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Compensation and Retirement Disclosure [Abstract] | ' | ||||||||||||
Pension and Other Postretirement Benefits Disclosure [Text Block] | ' | ||||||||||||
Note 13. Employee Benefit Plans | |||||||||||||
The Company has a profit sharing plan which includes a provision designed to qualify under Section 401(k) of the Internal Revenue Code of 1986, as amended, to allow for participant contributions. All employees are eligible to participate in the plan. The Company matches 100% of the first 3% of employee contributions, and 50% of the next 3% of employee contributions, up to a maximum amount of 4.5% of an employee's compensation. Additionally, at its discretion, the Company may make additional contributions to the plan which are allocated to the accounts of participants in the plan based on relative compensation. Company contributions for the years ended December 31, 2013, 2012, and 2011 were as follows: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Matching contribution | $ | 1,046,526 | $ | 1,014,418 | $ | 929,869 | |||||||
Discretionary contribution | 186,000 | 188,700 | 150,000 | ||||||||||
$ | 1,232,526 | $ | 1,203,118 | $ | 1,079,869 | ||||||||
The Company has entered into nonqualified supplemental executive retirement plans (“SERPs”) with certain executive officers. The SERPs allow certain executives to accumulate retirement benefits beyond those provided by the qualified plans. During the years ended December 31, 2013, 2012, and 2011, the Company expensed $264,672, $289,437, and $190,105, respectively, related to these plans. As part of the acquisition of Community National, the Company assumed the liability related to a SERP for one CNB executive. The assumed SERP liability was $317,418 at acquisition. As of December 31, 2013 and 2012, the liability related to the SERPs, included in other liabilities, was $3,267,587 and $2,802,497, respectively. Payments in the amount of $117,000 were made in both 2013 and 2012. | |||||||||||||
The Company has entered into deferred compensation agreements with certain executive officers. Under the provisions of the agreements, the officers may defer compensation and the Company matches the deferral up to certain maximums. The Company’s matching contribution varies by officer and is a maximum of between $10,000 and $20,000 annually. Interest on the deferred amounts is earned at The Wall Street Journal’s prime rate subject to a minimum of 6% and a maximum of 12% with such limits differing by officer. The Company has also entered into deferred compensation agreements with certain management officers. Under the provisions of the agreements the officers may defer compensation and the Company matches the deferral up to certain maximums. The Company’s matching contribution differs by officer and is a maximum between 4% and 10% of officer’s compensation. Interest on the deferred amounts is earned at The Wall Street Journal’s prime rate plus one percentage point, and has a minimum of 4% and shall not exceed 8%. Upon retirement, the officer will receive the deferral balance in 180 equal monthly installments. As of December 31, 2013 and 2012, the liability related to the agreements totaled $6,224,368 and $5,151,630, respectively. | |||||||||||||
Changes in the deferred compensation agreements, included in other liabilities, are as follows for the years ended December 31, 2013, 2012, and 2011: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Balance, beginning | $ | 5,151,630 | $ | 4,202,733 | $ | 3,469,525 | |||||||
Company expense | 557,663 | 555,407 | 414,478 | ||||||||||
Employee deferrals | 525,469 | 405,788 | 381,616 | ||||||||||
Cash payments made | (10,394 | ) | (12,298 | ) | (62,886 | ) | |||||||
Balance, ending | $ | 6,224,368 | $ | 5,151,630 | $ | 4,202,733 | |||||||
Note_14_StockBased_Compensatio
Note 14 - Stock-Based Compensation | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | ' | ||||||||||||||||||||||||
Note 14. Stock-Based Compensation | |||||||||||||||||||||||||
Stock-based compensation expense was reflected in the consolidated financial statements as follows for the years ended December 31, 2013, 2012, and 2011. | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Stock option and incentive plans | $ | 734,827 | $ | 798,929 | $ | 587,900 | |||||||||||||||||||
Stock purchase plan | 57,452 | 50,831 | 58,519 | ||||||||||||||||||||||
Stock appreciation rights | - | - | 49,988 | ||||||||||||||||||||||
$ | 792,279 | $ | 849,760 | $ | 696,407 | ||||||||||||||||||||
Stock option and incentive plans: | |||||||||||||||||||||||||
The Company’s Board of Directors adopted in January 2008, and the stockholders approved in May 2008, the QCR Holdings, Inc. 2008 Equity Incentive Plan (“2008 Equity Incentive Plan”). Up to 250,000 shares of common stock may be issued to employees and directors of the Company and its subsidiaries pursuant to the exercise of nonqualified stock options and restricted stock granted under the 2008 Equity Incentive Plan. The Company’s Board of Directors adopted in February 2010, and the stockholders approved in May 2010, the QCR Holdings, Inc. 2010 Equity Incentive Plan (“2010 Equity Incentive Plan”). Up to 350,000 shares of common stock may be issued to employees and directors of the Company and its subsidiaries pursuant to the exercise of the nonqualified stock options and restricted stock granted under the 2010 Equity Incentive Plan. The Company’s Board of Directors adopted in February 2013, and the stockholders approved in May 2013, the QCR Holdings, Inc. 2013 Equity Incentive Plan (“2013 Equity Incentive Plan”). Up to 350,000 shares of common stock may be issued to employees and directors of the Company and its subsidiaries pursuant to the exercise of nonqualified stock options and restricted stock granted under the 2013 Equity Incentive Plan. The 2008 Equity Incentive Plan, the 2010 Equity Incentive Plan, and the 2013 Equity Incentive Plan (collectively, “the stock option plans”) are administered by the Compensation Committee of the Board of Directors (the “Committee”). As of December 31, 2013, there were 294,831 remaining options available for grant under the stock option plans. | |||||||||||||||||||||||||
The number and exercise price of options granted under the stock option plans is determined by the Committee at the time the option is granted. In no event can the exercise price be less than the value of the common stock at the date of the grant for incentive stock options. All options have a 10-year life and will vest and become exercisable from 1-to-5 years after the date of the grant. Only nonqualified stock options have been issued to date. | |||||||||||||||||||||||||
In the case of nonqualified stock options, the stock option plans provide for the granting of "Tax Benefit Rights" to certain participants at the same time as these participants are awarded nonqualified options. Each Tax Benefit Right entitles a participant to a cash payment, which is expensed by the Company, equal to the excess of the fair market value of a share of common stock on the exercise date over the exercise price of the related option multiplied by the difference between the rate of tax on ordinary income over the rate of tax on capital gains (federal and state). | |||||||||||||||||||||||||
A summary of the stock option plans as of December 31, 2013, 2012, and 2011 and changes during the years then ended is presented below: | |||||||||||||||||||||||||
December 31, | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Shares | Weighted | Shares | Weighted | Shares | Weighted | ||||||||||||||||||||
Average | Average | Average | |||||||||||||||||||||||
Exercise | Exercise | Exercise | |||||||||||||||||||||||
Price | Price | Price | |||||||||||||||||||||||
Outstanding, beginning | 608,852 | $ | 13.27 | 535,130 | $ | 13.85 | 510,612 | $ | 14.04 | ||||||||||||||||
Granted | 96,232 | 15.68 | 102,722 | 9.3 | 73,250 | 8.23 | |||||||||||||||||||
Exercised | (41,258 | ) | 10.06 | (17,876 | ) | 9.68 | (36,459 | ) | 8.3 | ||||||||||||||||
Forfeited | (1,320 | ) | 10.53 | (11,124 | ) | 10.57 | (12,273 | ) | 8.28 | ||||||||||||||||
Outstanding, ending | 662,506 | 13.82 | 608,852 | 13.27 | 535,130 | 13.85 | |||||||||||||||||||
Exercisable, ending | 419,735 | 391,378 | 355,398 | ||||||||||||||||||||||
Weighted average fair value per option of options granted during the period | $ | 5.14 | $ | 2.79 | $ | 2.74 | |||||||||||||||||||
A further summary of options outstanding as of December 31, 2013 is presented below: | |||||||||||||||||||||||||
Options Outstanding | |||||||||||||||||||||||||
Weighted | Options Exercisable | ||||||||||||||||||||||||
Range of | Number | Average | Weighted | Number | Weighted | ||||||||||||||||||||
Exercise Prices | Outstanding | Remaining | Average | Exercisable | Average | ||||||||||||||||||||
Contractual | Exercise | Exercise | |||||||||||||||||||||||
Life | Price | Price | |||||||||||||||||||||||
$7.72 | to | $8.93 | 58,510 | 6.91 | $ | 8.12 | 22,520 | $ | 8.21 | ||||||||||||||||
$9.00 | to | $11.64 | 212,004 | 6.82 | 9.21 | 101,355 | 9.19 | ||||||||||||||||||
$13.25 | to | $16.85 | 243,567 | 5.9 | 15.85 | 149,435 | 15.99 | ||||||||||||||||||
$17.00 | to | $18.60 | 51,840 | 2.05 | 18.05 | 49,840 | 18.06 | ||||||||||||||||||
$18.67 | to | $20.90 | 67,885 | 1.16 | 19.48 | 67,885 | 19.48 | ||||||||||||||||||
$21.00 | to | $22.00 | 28,700 | 1.16 | 21.28 | 28,700 | 21.28 | ||||||||||||||||||
662,506 | 419,735 | ||||||||||||||||||||||||
Stock purchase plan: | |||||||||||||||||||||||||
The Company’s Board of Directors and its stockholders adopted in October 2002 the QCR Holdings, Inc. Employee Stock Purchase Plan (the “Purchase Plan”). On May 2, 2012, the Company’s stockholders approved a complete amendment and restatement of the Purchase Plan. As of January 1, 2013, there were 254,851 shares of common stock available for issuance under the Purchase Plan. For each six-month offering period, the Board of Directors will determine how many of the total number of available shares will be offered. The purchase price is the lesser of 90% of the fair market value at the date of the grant or the investment date. The investment date, as established by the Board of Directors, is the date common stock is purchased after the end of each calendar quarter during an offering period. The maximum dollar amount any one participant can elect to contribute in an offering period is $7,500. Additionally, the maximum percentage that any one participant can elect to contribute is 8% of his or her compensation for the years ended December 31, 2013, 2012, and 2011. Information for the stock purchase plan for the years ended December 31, 2013, 2012, and 2011 is presented below: | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Shares granted | 27,415 | 29,671 | 34,860 | ||||||||||||||||||||||
Shares purchased | 27,110 | 31,554 | 36,174 | ||||||||||||||||||||||
Weighted average fair value per share granted | $ | 2.1 | $ | 1.71 | $ | 1.68 | |||||||||||||||||||
Stock appreciation rights: | |||||||||||||||||||||||||
The 1997 Stock Incentive Plan and 2004 Stock Incentive Plan allowed the granting of stock appreciation rights (“SARs”). SARs are rights entitling the grantee to receive cash equal to the fair market value of the appreciation in the market value of a stated number of shares from the date of grant. Like options, the number and exercise price of SARs granted is determined by the Committee. The SARs vested 20% per year, and the term of the SARs was not to exceed 10 years from the date of the grant. As of December 31, 2011, all SARs have expired or been paid out; therefore, there was no further liability related to the SARs as of December 31, 2013 and 2012. The final payments totaled $67,326 and were made during the year ended December 31, 2011. |
Note_15_Regulatory_Capital_Req
Note 15 - Regulatory Capital Requirements and Restrictions on Dividends | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||||||||||||||
Regulatory Capital Requirements under Banking Regulations [Text Block] | ' | ||||||||||||||||||||||||
Note 15. Regulatory Capital Requirements and Restrictions on Dividends | |||||||||||||||||||||||||
The Company (on a consolidated basis) and the subsidiary banks are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company and subsidiary banks’ financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and the subsidiary banks must meet specific capital guidelines that involve quantitative measures of their assets, liabilities, and certain off-balance-sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Quantitative measures established by regulation to ensure capital adequacy require the Company and the subsidiary banks to maintain minimum amounts and ratios (set forth in the following table) of total and Tier 1 capital to risk-weighted assets and of Tier 1 capital to average assets, each as defined by regulation. Management believes, as of December 31, 2013 and 2012, that the Company and the subsidiary banks met all capital adequacy requirements to which they are subject. | |||||||||||||||||||||||||
Under the regulatory framework for prompt corrective action, to be categorized as “well capitalized,” an institution must maintain minimum total risk-based, Tier 1 risk-based and Tier 1 leverage ratios as set forth in the following tables. The Company and the subsidiary banks’ actual capital amounts and ratios as of December 31, 2013 and 2012 are also presented in the following table (dollars in thousands). As of December 31, 2013 and 2012, the subsidiary banks met the requirements to be “well capitalized”. | |||||||||||||||||||||||||
Actual | For Capital | To Be Well | |||||||||||||||||||||||
Adequacy Purposes | Capitalized Under | ||||||||||||||||||||||||
Prompt Corrective | |||||||||||||||||||||||||
Action Provisions | |||||||||||||||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||||||||||
As of December 31, 2013: | |||||||||||||||||||||||||
Company: | |||||||||||||||||||||||||
Total risk-based capital | $ | 217,011 | 12.87 | % | $ | 134,935 | > | 8 | % | N/A | N/A | ||||||||||||||
Tier 1 risk-based capital | 193,044 | 11.45 | % | 67,468 | > | 4 | % | N/A | N/A | ||||||||||||||||
Tier 1 leverage | 193,044 | 7.96 | % | 97,029 | > | 4 | % | N/A | N/A | ||||||||||||||||
Quad City Bank & Trust: | |||||||||||||||||||||||||
Total risk-based capital | $ | 101,168 | 12.25 | % | $ | 66,049 | > | 8 | % | $ | 82,562 | > | 10 | % | |||||||||||
Tier 1 risk-based capital | 91,820 | 11.12 | % | 33,025 | > | 4 | 49,537 | > | 6 | % | |||||||||||||||
Tier 1 leverage | 91,820 | 7.13 | % | 51,527 | > | 4 | 64,408 | > | 5 | % | |||||||||||||||
Cedar Rapids Bank & Trust: | |||||||||||||||||||||||||
Total risk-based capital | $ | 74,912 | 12.54 | % | $ | 47,808 | > | 8 | % | $ | 59,760 | > | 10 | % | |||||||||||
Tier 1 risk-based capital | 67,432 | 11.28 | % | 23,904 | > | 4 | 35,856 | > | 6 | % | |||||||||||||||
Tier 1 leverage | 67,432 | 8.78 | % | 30,736 | > | 4 | 38,420 | > | 5 | % | |||||||||||||||
Rockford Bank & Trust: | |||||||||||||||||||||||||
Total risk-based capital | $ | 38,778 | 14.59 | % | $ | 21,263 | > | 8 | % | $ | 26,579 | > | 10 | % | |||||||||||
Tier 1 risk-based capital | 35,449 | 13.34 | % | 10,631 | > | 4 | 15,947 | > | 6 | % | |||||||||||||||
Tier 1 leverage | 35,449 | 10.54 | % | 13,459 | > | 4 | 16,824 | > | 5 | % | |||||||||||||||
Actual | For Capital | To Be Well | |||||||||||||||||||||||
Adequacy Purposes | Capitalized Under | ||||||||||||||||||||||||
Prompt Corrective | |||||||||||||||||||||||||
Action Provisions | |||||||||||||||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||||||||||
As of December 31, 2012: | |||||||||||||||||||||||||
Company: | |||||||||||||||||||||||||
Total risk-based capital | $ | 188,841 | 12.71 | % | $ | 118,878 | > | 8 | % | N/A | N/A | ||||||||||||||
Tier 1 risk-based capital | 167,475 | 11.27 | % | 59,439 | > | 4 | % | N/A | N/A | ||||||||||||||||
Tier 1 leverage | 167,475 | 8.13 | % | 82,357 | > | 4 | % | N/A | N/A | ||||||||||||||||
Quad City Bank & Trust: | |||||||||||||||||||||||||
Total risk-based capital | $ | 98,789 | 12.12 | % | $ | 65,218 | > | 8 | % | $ | 81,522 | > | 10 | % | |||||||||||
Tier 1 risk-based capital | 90,533 | 11.11 | % | 32,609 | > | 4 | 48,913 | > | 6 | % | |||||||||||||||
Tier 1 leverage | 90,533 | 7.74 | % | 46,784 | > | 4 | 58,480 | > | 5 | % | |||||||||||||||
Cedar Rapids Bank & Trust: | |||||||||||||||||||||||||
Total risk-based capital | $ | 55,736 | 12.87 | % | $ | 34,652 | > | 8 | % | $ | 43,315 | > | 10 | % | |||||||||||
Tier 1 risk-based capital | 50,297 | 11.61 | % | 17,326 | > | 4 | 25,989 | > | 6 | % | |||||||||||||||
Tier 1 leverage | 50,297 | 8.49 | % | 23,685 | > | 4 | 29,606 | > | 5 | % | |||||||||||||||
Rockford Bank & Trust: | |||||||||||||||||||||||||
Total risk-based capital | $ | 36,894 | 15.33 | % | $ | 19,255 | > | 8 | % | $ | 24,609 | > | 10 | % | |||||||||||
Tier 1 risk-based capital | 33,870 | 14.07 | % | 9,628 | > | 4 | 14,441 | > | 6 | % | |||||||||||||||
Tier 1 leverage | 33,870 | 11.13 | % | 12,177 | > | 4 | 15,221 | > | 5 | % | |||||||||||||||
The Company’s ability to pay dividends to its stockholders may be affected by both general corporate law considerations and policies of the Federal Reserve applicable to bank holding companies. | |||||||||||||||||||||||||
The payment of dividends by any financial institution or its holding company is affected by the requirement to maintain adequate capital pursuant to applicable capital adequacy guidelines and regulations, and a financial institution generally is prohibited from paying any dividends if, following payment thereof, the institution would be undercapitalized. Notwithstanding the availability of funds for dividends, however, the Federal Reserve may prohibit the payment of any dividends by the subsidiary banks if the Federal Reserve determines such payment would constitute an unsafe or unsound practice. | |||||||||||||||||||||||||
The Company also has certain contractual restrictions on its ability to pay dividends. The Company has issued junior subordinated debentures in four private placements and assumed two issues of junior subordinated debentures in connection with the Community National acquisition (see Note 2). Under the terms of the debentures, the Company may be prohibited, under certain circumstances, from paying dividends on shares of its common stock. Additionally, the Company has issued shares of non-cumulative perpetual preferred stock and under the terms of this preferred stock, the Company may be prohibited, under certain circumstances, from paying dividends on shares of its common stock. None of these circumstances existed at December 31, 2013 or 2012. | |||||||||||||||||||||||||
In July 2013, the U.S. federal banking authorities approved the implementation of the Basel III regulatory capital reforms and issued rules effecting certain changes required by the Dodd-Frank Act (the “Basel III Rules”). The Basel III Rules are applicable to all U.S. banks that are subject to minimum capital requirements, as well as to bank and savings and loan holding companies other than “small bank holding companies” (generally bank holding companies with consolidated assets of less than $500 million). The Basel III Rules not only increase most of the required minimum regulatory capital ratios, but they introduce a new Common Equity Tier 1 Capital ratio and the concept of a capital conservation buffer. The Basel III Rules also expand the definition of capital as in effect currently by establishing criteria that instruments must meet to be considered Additional Tier 1 Capital (Tier 1 Capital in addition to Common Equity) and Tier 2 Capital. A number of instruments that now qualify as Tier 1 Capital will not qualify, or their qualifications will change. The Basel III Rules also permit smaller banking organizations to retain, through a one-time election, the existing treatment for accumulated other comprehensive income, which currently does not affect regulatory capital. The Basel III Rules have maintained the general structure of the current prompt corrective action framework, while incorporating the increased requirements. The prompt corrective action guidelines were also revised to add the Common Equity Tier 1 Capital ratio. In order to be a “well-capitalized” depository institution under the new regime, a bank and holding company must maintain a Common Equity Tier 1 Capital ratio of 6.5% or more; a Tier 1 Capital ratio of 8% or more; a Total Capital ratio of 10% or more; and a leverage ratio of 5% or more. Generally, financial institutions become subject to the new Basel III Rules on January 1, 2015. Management is in the process of assessing the effect the Basel III Rules may have on the Company’s and the subsidiary banks’ capital positions and will monitor developments in this area. At present, management believes that its current capital structure and the execution of its existing capital plan will be more than sufficient to meet and exceed the revised regulatory capital ratios as required by the new Basel III Rules. |
Note_16_Earnings_Per_Common_Sh
Note 16 - Earnings Per Common Share | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||
Earnings Per Share [Text Block] | ' | ||||||||||||
Note 16. Earnings Per Common Share | |||||||||||||
The following information was used in the computation of basic and diluted earnings per common share for the years ended December 31, 2013, 2012, and 2011: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Net income | $ | 14,938,245 | $ | 13,106,240 | $ | 10,129,869 | |||||||
Less: Net income attributable to noncontrolling interests | - | 488,473 | 438,221 | ||||||||||
Net income attributable to QCR Holdings, Inc. | $ | 14,938,245 | $ | 12,617,767 | $ | 9,691,648 | |||||||
Less: Preferred stock dividends and discount accretion | 3,168,302 | 3,496,085 | 5,283,885 | * | |||||||||
Net income attributable to QCR Holdings, Inc. common stockholders | $ | 11,769,943 | $ | 9,121,682 | $ | 4,407,763 | |||||||
Earnings per common share attributable to QCR Holdings, Inc. common stockholders | |||||||||||||
Basic | $ | 2.13 | $ | 1.88 | $ | 0.93 | |||||||
Diluted | $ | 2.08 | $ | 1.85 | $ | 0.92 | |||||||
Weighted average common shares outstanding | 5,531,948 | 4,844,776 | 4,724,781 | ||||||||||
Weighted average common shares issuable upon exercise of stock options and under the employee stock purchase plan ** | 114,978 | 74,783 | 64,245 | ||||||||||
Weighted average common and common equivalent shares outstanding | 5,646,926 | 4,919,559 | 4,789,026 | ||||||||||
*For the year ended December 31, 2011, includes approximately $1.2 million of accelerated accretion of discount on the redemption of Series D Preferred Stock during the third quarter of 2011. See Note 11 for additional information. | |||||||||||||
**Excludes anti-dilutive shares of 116,324, 158,375, and 546,521 at December 31, 2013, 2012 and 2011, respectively. |
Note_17_Commitments_and_Contin
Note 17 - Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2013 | |
Commitments and Contingencies Disclosure [Abstract] | ' |
Commitments and Contingencies Disclosure [Text Block] | ' |
Note 17. Commitments and Contingencies | |
In the normal course of business, the subsidiary banks make various commitments and incur certain contingent liabilities that are not presented in the accompanying consolidated financial statements. The commitments and contingent liabilities include various guarantees, commitments to extend credit, and standby letters of credit. | |
Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The subsidiary banks evaluate each customer's creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the subsidiary banks upon extension of credit, is based upon management's credit evaluation of the counterparty. Collateral held varies but may include accounts receivable, marketable securities, inventory, property, plant and equipment, and income-producing commercial properties. | |
Standby letters of credit are conditional commitments issued by the subsidiary banks to guarantee the performance of a customer to a third party. Those guarantees are primarily issued to support public and private borrowing arrangements and, generally, have terms of one year or less. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. The subsidiary banks hold collateral, as described above, supporting those commitments if deemed necessary. In the event the customer does not perform in accordance with the terms of the agreement with the third party, the subsidiary banks would be required to fund the commitments. The maximum potential amount of future payments the subsidiary banks could be required to make is represented by the contractual amount. If the commitment is funded, the subsidiary banks would be entitled to seek recovery from the customer. At December 31, 2013 and 2012, no amounts had been recorded as liabilities for the subsidiary banks’ potential obligations under these guarantees. | |
As of December 31, 2013 and 2012, commitments to extend credit aggregated $432,601,000 and $430,058,000, respectively. As of December 31, 2013 and 2012, standby letters of credit aggregated $9,697,000 and $15,179,000, respectively. Management does not expect that all of these commitments will be funded. | |
The Company has also executed contracts for the sale of mortgage loans in the secondary market in the amount of $1,358,290 and $4,577,233 as of December 31, 2013 and 2012, respectively. These amounts are included in loans held for sale at the respective balance sheet dates. | |
Residential mortgage loans sold to investors in the secondary market are sold with varying recourse provisions. Essentially, all loan sales agreements require the repurchase of a mortgage loan by the seller in situations such as, breach of representation, warranty, or covenant, untimely document delivery, false or misleading statements, failure to obtain certain certificates or insurance, unmarketability, etc. Certain loan sales agreements contain repurchase requirements based on payment-related defects that are defined in terms of the number of days/months since the purchase, the sequence number of the payment, and/or the number of days of payment delinquency. Based on the specific terms stated in the agreements of investors purchasing residential mortgage loans from the Company’s subsidiary banks, the Company had $16,151,133 and $38,846,068 of sold residential mortgage loans with recourse provisions still in effect at December 31, 2013 and 2012, respectively. The subsidiary banks did not repurchase any loans from secondary market investors under the terms of loans sales agreements during the years ended December 31, 2013, 2012, and 2011. In the opinion of management, the risk of recourse and the subsequent requirement of loan repurchase to the subsidiary banks is not significant, and accordingly no liabilities have been established related to such. | |
Aside from cash on-hand and in-vault, the majority of the Company's cash is maintained at upstream correspondent banks. The total amount of cash on deposit, certificates of deposit, and federal funds sold exceeded federal insured limits by approximately $54,163,895 and $30,020,230 as of December 31, 2013 and 2012, respectively. In the opinion of management, no material risk of loss exists due to the financial condition of the upstream correspondent banks. In addition, some of the Company’s cash maintained at upstream correspondent banks is in non-interest bearing deposit accounts. In accordance with the FDIC’s Transaction Account Guarantee (“TAG”) Program, cash maintained in non-interest bearing deposit accounts was fully insured through December 31, 2012. As scheduled, the unlimited coverage for noninterest-bearing transaction accounts provided under the Dodd-Frank Act expired on December 31, 2012. Effective January 1, 2013, deposits held in noninterest-bearing transaction accounts are now aggregated with interest-bearing deposits the owner holds, and the combined total is insured up to $250,000. | |
In an arrangement with Goldman Sachs and Company (“Goldman Sachs”), certain subsidiary banks offer a cash management program for select customers. Based on a predetermined minimum balance, which must be maintained in the account, excess funds are automatically swept daily to an institutional money market fund administered by Goldman Sachs. At December 31, 2013 and 2012, the Company had $78,880,300 and $66,783,049, respectively of customer funds invested in this cash management program. In the opinion of management, no material risk of loss exists due to the financial condition of Goldman Sachs. | |
In April 2011, CNB was named as one of 36 co-defendants in a complaint alleging unjust enrichment relating to participation loans originated, sold and repaid in a fraudulent scheme perpetuated by a loan broker. At acquisition, CNB had not settled the claims and, using all available information, including the settlement amounts of many of the initial co-defendants who had already settled, CNB’s management recorded a contingent liability of $1,028,000 which was assumed by the Company upon acquisition of CNB. In December 2013, the Company settled the claim in the amount of $940,333. |
Note_18_Quarterly_Results_of_O
Note 18 - Quarterly Results of Operations (Unaudited) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||||||
Quarterly Financial Information [Text Block] | ' | ||||||||||||||||
Note 18. Quarterly Results of Operations (Unaudited) | |||||||||||||||||
Year Ended December 31, 2013 | |||||||||||||||||
March | June | September | December | ||||||||||||||
2013 | 2013 | 2013 | 2013 | ||||||||||||||
Total interest income | $ | 18,537,482 | $ | 20,139,401 | $ | 21,996,243 | $ | 21,198,832 | |||||||||
Total interest expense | 4,346,165 | 4,431,349 | 4,685,907 | 4,303,100 | |||||||||||||
Net interest income | 14,191,317 | 15,708,052 | 17,310,336 | 16,895,732 | |||||||||||||
Provision for loan/lease losses | 1,057,782 | 1,520,137 | 1,366,984 | 1,985,517 | |||||||||||||
Noninterest income | 5,204,029 | 6,948,756 | 5,934,653 | 7,726,390 | |||||||||||||
Noninterest expense | 13,958,500 | 15,234,349 | 17,027,268 | 18,212,541 | |||||||||||||
Income before taxes | 4,379,064 | 5,902,322 | 4,850,737 | 4,424,064 | |||||||||||||
Federal and state income tax expense | 1,113,920 | 1,857,091 | 1,038,793 | 608,138 | |||||||||||||
Net income and net income attributable to QCR Holdings, Inc. | $ | 3,265,144 | $ | 4,045,231 | $ | 3,811,944 | $ | 3,815,926 | |||||||||
Earnings per common share: | |||||||||||||||||
Basic | $ | 0.5 | $ | 0.6 | $ | 0.52 | $ | 0.51 | |||||||||
Diluted | $ | 0.49 | $ | 0.59 | $ | 0.51 | $ | 0.5 | |||||||||
Year Ended December 31, 2012 | |||||||||||||||||
March | June | September | December | ||||||||||||||
2012 | 2012 | 2012 | 2012 | ||||||||||||||
Total interest income | $ | 19,373,804 | $ | 19,534,528 | $ | 19,487,525 | $ | 18,980,016 | |||||||||
Total interest expense | 5,170,351 | 5,019,035 | 4,858,007 | 4,679,220 | |||||||||||||
Net interest income | 14,203,453 | 14,515,493 | 14,629,518 | 14,300,796 | |||||||||||||
Provision for loan/lease losses | 780,446 | 1,048,469 | 1,496,194 | 1,045,658 | |||||||||||||
Noninterest income | 3,956,878 | 4,067,509 | 4,117,182 | 4,479,726 | |||||||||||||
Noninterest expense | 12,738,080 | 13,109,083 | 13,031,517 | 13,380,267 | |||||||||||||
Income before taxes | 4,641,805 | 4,425,450 | 4,218,989 | 4,354,597 | |||||||||||||
Federal and state income tax expense | 1,238,956 | 1,152,071 | 1,034,479 | 1,109,095 | |||||||||||||
Net income | $ | 3,402,849 | $ | 3,273,379 | $ | 3,184,510 | $ | 3,245,502 | |||||||||
Less net income attributable to noncontrolling interests | 166,031 | 201,223 | 127,177 | (5,958 | ) | ||||||||||||
Net income attributable to QCR Holdings, Inc. | $ | 3,236,818 | $ | 3,072,156 | $ | 3,057,333 | $ | 3,251,460 | |||||||||
Earnings per common share: | |||||||||||||||||
Basic | $ | 0.48 | $ | 0.44 | $ | 0.45 | $ | 0.5 | |||||||||
Diluted | $ | 0.48 | $ | 0.44 | $ | 0.44 | $ | 0.49 | |||||||||
Note_19_Parent_Company_Only_Fi
Note 19 - Parent Company Only Financial Statements | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | ' | ||||||||||||
Condensed Financial Information of Parent Company Only Disclosure [Text Block] | ' | ||||||||||||
Note 19. Parent Company Only Financial Statements | |||||||||||||
The following is condensed financial information of QCR Holdings, Inc. (parent company only): | |||||||||||||
Condensed Balance Sheets | |||||||||||||
December 31, 2013 and 2012 | |||||||||||||
2013 | 2012 | ||||||||||||
Assets | |||||||||||||
Cash and due from banks | $ | 7,212,584 | $ | 1,072,434 | |||||||||
Interest-bearing deposits at financial institutions | 187,401 | 185,113 | |||||||||||
Securities available for sale, at fair value | 1,644,663 | 1,406,876 | |||||||||||
Investment in bank subsidiaries | 187,410,269 | 182,465,733 | |||||||||||
Investment in nonbank subsidiaries | 1,396,632 | 1,202,791 | |||||||||||
Premises and equipment, net | 3,243,575 | 3,318,757 | |||||||||||
Other assets | 8,709,546 | 7,720,933 | |||||||||||
Total assets | $ | 209,804,670 | $ | 197,372,637 | |||||||||
Liabilities and Stockholders' Equity | |||||||||||||
Liabilities: | |||||||||||||
Other borrowings | $ | 14,104,323 | $ | 10,077,769 | |||||||||
Junior subordinated debentures | 40,289,830 | 36,085,000 | |||||||||||
Other liabilities | 7,833,737 | 10,776,047 | |||||||||||
Total liabilities | 62,227,890 | 56,938,816 | |||||||||||
Stockholders' Equity: | |||||||||||||
Preferred stock | 29,867 | 54,867 | |||||||||||
Common stock | 8,005,708 | 5,039,448 | |||||||||||
Additional paid-in capital | 90,154,528 | 78,912,791 | |||||||||||
Retained earnings | 64,637,173 | 53,326,542 | |||||||||||
Accumulated other comprehensive income (loss) | (13,643,986 | ) | 4,706,683 | ||||||||||
Treasury stock | (1,606,510 | ) | (1,606,510 | ) | |||||||||
Total stockholders' equity | 147,576,780 | 140,433,821 | |||||||||||
Total liabilities and stockholders' equity | $ | 209,804,670 | $ | 197,372,637 | |||||||||
Condensed Statements of Income | |||||||||||||
Years Ended December 31, 2013, 2012, and 2011 | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Total interest income | $ | 43,476 | $ | 57,136 | $ | 62,521 | |||||||
Equity in net income of bank subsidiaries | 20,499,070 | 17,206,086 | 14,449,843 | ||||||||||
Equity in net income of nonbank subsidiaries | 31,540 | 168,934 | 174,058 | ||||||||||
Bargain purchase gain on Community National acquisition | 1,841,385 | - | - | ||||||||||
Other * | 7,942 | 657,733 | 129,773 | ||||||||||
Total income | 22,423,413 | 18,089,889 | 14,816,195 | ||||||||||
Interest expense | 1,714,814 | 1,408,948 | 1,562,323 | ||||||||||
Salaries and employee benefits | 4,765,762 | 4,717,609 | 4,078,474 | ||||||||||
Professional fees | 977,571 | 988,306 | 1,103,910 | ||||||||||
Acquisition and data conversion costs | 2,037,684 | - | - | ||||||||||
Other-than-temporary impairment losses on securities | - | 62,400 | 118,847 | ||||||||||
Other | 642,044 | 760,618 | 783,460 | ||||||||||
Total expenses | 10,137,875 | 7,937,881 | 7,647,014 | ||||||||||
Income before income tax benefit | 12,285,538 | 10,152,008 | 7,169,181 | ||||||||||
Income tax benefit | 2,652,707 | 2,465,759 | 2,522,467 | ||||||||||
Net income | $ | 14,938,245 | $ | 12,617,767 | $ | 9,691,648 | |||||||
*For the year ended December 31, 2012, includes pre-tax gain of approximately $580 thousand on the sale of a 2.25% equity interest in a company providing data processing services to merchant credit card acquiring businesses. | |||||||||||||
Condensed Statements of Cash Flows | |||||||||||||
Years Ended December 31, 2013, 2012, and 2011 | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Cash Flows from Operating Activities: | |||||||||||||
Net income | $ | 14,938,245 | $ | 12,617,767 | $ | 9,691,648 | |||||||
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||||
Distributions in excess of (less than) earnings of: | |||||||||||||
Bank subsidiaries | 5,500,930 | (3,706,086 | ) | (4,449,843 | ) | ||||||||
Nonbank subsidiaries | (103 | ) | (132,911 | ) | 133,951 | ||||||||
Bargain purchase gain on Community National acquisition | (1,841,385 | ) | - | - | |||||||||
Accretion of acquisition fair value adjustments | 79,655 | - | - | ||||||||||
Depreciation | 75,182 | - | 54 | ||||||||||
Other-than-temporary impairment losses on securities | - | 62,400 | 118,847 | ||||||||||
Stock-based compensation expense | 792,279 | 849,760 | 646,419 | ||||||||||
Increase in other assets | (725,105 | ) | (437,827 | ) | (65,205 | ) | |||||||
(Decrease) increase in other liabilities | (2,978,106 | ) | 1,938,832 | 666,240 | |||||||||
Net cash provided by operating activities | 15,841,592 | 11,191,935 | 6,742,111 | ||||||||||
Cash Flows from Investing Activities: | |||||||||||||
Net increase in interest-bearing deposits at financial instituions | (2,288 | ) | (1,937 | ) | (1,227 | ) | |||||||
Purchase of securities available for sale | (34,040 | ) | (53,501 | ) | (58,149 | ) | |||||||
Capital infusion, bank subsidiaries | - | - | (1,693,679 | ) | |||||||||
Net cash paid for Community National acquisition | (6,261,684 | ) | - | - | |||||||||
Increase in cash from dissolution of VPHC | - | 99,645 | - | ||||||||||
Net cash (used in) provided by' investing activities | (6,298,012 | ) | 44,207 | (1,753,055 | ) | ||||||||
Cash Flows from Financing Activities: | |||||||||||||
Net (decrease) increase in other borrowings | (373,446 | ) | - | - | |||||||||
Proceeds from other borrowings term note | 10,000,000 | - | - | ||||||||||
Advance (payment) on 364-day revolving note | (5,600,000 | ) | 2,000,000 | 1,100,000 | |||||||||
Repayment of Community National's other borrowings at acquisition | (3,950,000 | ) | - | - | |||||||||
Payment of cash dividends on common and preferred stock | (4,062,726 | ) | (4,088,949 | ) | (3,712,493 | ) | |||||||
Redemption of 10,223 shares of Series F Noncumulative Perpetual Preferred Stock, net | - | (10,223,000 | ) | - | |||||||||
Proceeds from issuance of 40,090 shares of Series F Noncumulative Perpetual Preferred Stock, net | - | - | 39,996,922 | ||||||||||
Redemption of Series D Cumulative Perpetual Preferred Stock, net | - | - | (38,237,000 | ) | |||||||||
Repurchase of 521,888 shares of common stock warrants issued in conjunction with Series D | |||||||||||||
Cumulative Perpetual Preferred Stock | - | - | (1,100,000 | ) | |||||||||
Proceeds from issuance of common stock, net | 582,742 | 994,174 | 477,339 | ||||||||||
Purchase of noncontrolling interests | - | (2,388,417 | ) | - | |||||||||
Net cash used in financing activities | (3,403,430 | ) | (13,706,192 | ) | (1,475,232 | ) | |||||||
Net increase (decrease) in cash and due from banks | 6,140,150 | (2,470,050 | ) | 3,513,824 | |||||||||
Cash and due from banks: | |||||||||||||
Beginning | 1,072,434 | 3,542,484 | 28,660 | ||||||||||
Ending | $ | 7,212,584 | $ | 1,072,434 | $ | 3,542,484 | |||||||
Note_20_Fair_Value
Note 20 - Fair Value | 12 Months Ended | |||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||
Fair Value Disclosures [Text Block] | ' | |||||||||||||||||
Note 20. Fair Value | ||||||||||||||||||
Accounting guidance on fair value measurements 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 December 31, 2013 and 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) | |||||||||||||||||
December 31, 2013: | ||||||||||||||||||
Securities available for sale: | ||||||||||||||||||
U.S. govt. sponsored agency securities | $ | 356,472,987 | $ | - | $ | 356,472,987 | $ | - | ||||||||||
Residential mortgage-backed securities | 157,429,451 | - | 157,429,451 | - | ||||||||||||||
Municipal securities | 35,958,857 | - | 35,958,857 | - | ||||||||||||||
Other securities | 1,897,163 | 317,698 | 1,579,465 | - | ||||||||||||||
$ | 551,758,458 | $ | 317,698 | $ | 551,440,760 | $ | - | |||||||||||
December 31, 2012: | ||||||||||||||||||
Securities available for sale: | ||||||||||||||||||
U.S. govt. sponsored agency securities | $ | 338,609,371 | $ | - | $ | 338,609,371 | $ | - | ||||||||||
Residential mortgage-backed 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 during the years ended December 31, 2013 or 2012. | ||||||||||||||||||
A small portion of the securities available for sale portfolio consists of common stocks issued by various unrelated bank holding companies and mutual funds. The fair values used by the Company are obtained from an independent pricing service, which 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 December 31, 2013 and 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) | |||||||||||||||||
December 31, 2013: | ||||||||||||||||||
Impaired loans/leases | $ | 9,009,557 | $ | - | $ | - | $ | 9,009,557 | ||||||||||
Other real estate owned | 10,507,377 | - | - | 10,507,377 | ||||||||||||||
$ | 19,516,934 | $ | - | $ | - | $ | 19,516,934 | |||||||||||
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 a 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 | |||||||||||||||
December 31, 2013: | ||||||||||||||||||
Impaired loans/leases | $ | 9,009,557 | Appraisal of collateral | Appraisal adjustments | -10.00% | to | -50.00% | |||||||||||
Other real estate owned | 10,507,377 | Appraisal of collateral | Appraisal adjustments | 0.00% | to | -35.00% | ||||||||||||
Quantitave Information about Level Fair Value Measurments | ||||||||||||||||||
Fair Value | Valuation Technique | Unobservable Input | Range | |||||||||||||||
December 31, 2012: | ||||||||||||||||||
Impaired loans/leases | $ | 18,054,234 | Appraisal of collateral | Appraisal adjustments | -10.00% | to | -50.00% | |||||||||||
Other real estate owned | 4,270,901 | Appraisal of collateral | Appraisal adjustments | 0.00% | to | -35.00% | ||||||||||||
For 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 years ended December 31, 2013 or 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 December 31, 2013 | As of December 31, 2012 | ||||||||||||||||
Heirarchy | Carrying | Estimated | Carrying | Estimated | ||||||||||||||
Level | Value | Fair Value | Value | Fair Value | ||||||||||||||
Cash and due from banks | Level 1 | $ | 41,950,790 | $ | 41,950,790 | $ | 61,568,446 | $ | 61,568,446 | |||||||||
Federal funds sold | Level 2 | 39,435,000 | 39,435,000 | 26,560,000 | 26,560,000 | |||||||||||||
Interest-bearing deposits at financial institutions | Level 2 | 33,044,917 | 33,044,917 | 22,359,490 | 22,359,490 | |||||||||||||
Investment securities: | ||||||||||||||||||
Held to maturity | Level 3 | 145,451,895 | 138,640,105 | 72,079,385 | 73,005,706 | |||||||||||||
Available for sale | See Previous Table | 551,758,458 | 551,758,458 | 530,159,986 | 530,159,986 | |||||||||||||
Loans/leases receivable, net | Level 3 | 8,342,182 | 9,009,557 | 16,716,883 | 18,054,234 | |||||||||||||
Loans/leases receivable, net | Level 2 | 1,430,489,328 | 1,441,952,443 | 1,250,745,552 | 1,262,090,766 | |||||||||||||
Deposits: | ||||||||||||||||||
Nonmaturity deposits | Level 2 | 1,256,209,352 | 1,256,209,352 | 1,039,572,326 | 1,039,572,326 | |||||||||||||
Time deposits | Level 2 | 390,781,891 | 394,202,000 | 334,541,774 | 337,343,000 | |||||||||||||
Short-term borrowings | Level 2 | 149,292,967 | 149,292,967 | 171,082,961 | 171,082,961 | |||||||||||||
Federal Home Loan Bank advances | Level 2 | 231,350,000 | 241,623,000 | 202,350,000 | 220,815,000 | |||||||||||||
Other borrowings | Level 2 | 142,448,362 | 152,761,000 | 138,239,762 | 154,101,000 | |||||||||||||
Junior subordinated debentures | Level 2 | 40,289,830 | 28,094,228 | 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_21_Business_Segment_Infor
Note 21 - Business Segment Information | 12 Months Ended | ||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||||||||||||||
Segment Reporting Disclosure [Text Block] | ' | ||||||||||||||||||||||||||||
Note 21. 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 QCR Holdings, Inc. 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 three subsidiary banks wholly-owned by the Company: QCBT, CRBT, and RB&T. CRBT includes CNB’s operations from acquisition date (May 13, 2013) to December 31, 2013. Each of these secondary segments offer similar products and services, but are 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 trust and asset management and investment management and advisory services offered at the Company’s three subsidiary banks in aggregate. This segment generates income primarily from fees charged based on assets under administration for corporate and personal trusts, custodial services, and investments managed. No assets of the subsidiary banks have been allocated to the Wealth Management segment. | |||||||||||||||||||||||||||||
The Company’s All Other segment includes the operations of all other consolidated subsidiaries and/or defined operating segments that fall below the segment reporting thresholds. This segment includes the corporate operations of the parent and VPHC, which was dissolved and liquidated effective December 31, 2012. | |||||||||||||||||||||||||||||
Selected financial information on the Company's business segments, with all intercompany accounts and transactions eliminated, is presented as follows as of and for the years ended December 31, 2013, 2012, and 2011: | |||||||||||||||||||||||||||||
Commercial Banking | |||||||||||||||||||||||||||||
Quad City | Cedar Rapids | Rockford | Wealth | All other | Intercompany | Consolidated | |||||||||||||||||||||||
Bank & Trust | Bank & Trust | Bank & Trust | Management | Eliminations | Total | ||||||||||||||||||||||||
Twelve Months Ended December 31, 2013 | |||||||||||||||||||||||||||||
Total revenue | $ | 48,742,635 | $ | 36,089,448 | $ | 13,809,593 | $ | 7,521,821 | $ | 1,924,329 | $ | (402,040 | ) | $ | 107,685,786 | ||||||||||||||
Net interest income | 33,892,035 | 22,239,329 | 9,645,411 | - | (1,671,338 | ) | - | 64,105,437 | |||||||||||||||||||||
Net income attributable to QCR Holdings, Inc. | 9,310,779 | 7,953,230 | 1,855,672 | 1,379,402 | (5,560,838 | ) | - | 14,938,245 | |||||||||||||||||||||
Total assets | 1,245,128,136 | 804,223,453 | 339,375,139 | - | 22,394,401 | (16,168,205 | ) | 2,394,952,924 | |||||||||||||||||||||
Provision for loan/lease losses | 3,391,406 | 1,531,014 | 1,008,000 | - | - | - | 5,930,420 | ||||||||||||||||||||||
Goodwill | 3,222,688 | - | - | - | - | - | 3,222,688 | ||||||||||||||||||||||
Core deposit intangible | - | 1,870,433 | - | - | - | - | 1,870,433 | ||||||||||||||||||||||
Twelve Months Ended December 31, 2012 | |||||||||||||||||||||||||||||
Total revenue | $ | 47,984,123 | $ | 26,697,921 | $ | 12,955,951 | $ | 5,993,437 | $ | 745,682 | $ | (379,946 | ) | $ | 93,997,168 | ||||||||||||||
Net interest income | 33,770,092 | 15,717,038 | 9,630,481 | - | (1,468,351 | ) | - | 57,649,260 | |||||||||||||||||||||
Net income attributable to QCR Holdings, Inc. | 9,915,267 | 5,786,446 | 857,610 | 646,762 | (4,577,566 | ) | (10,752 | ) | 12,617,767 | ||||||||||||||||||||
Total assets | 1,177,294,502 | 625,713,218 | 313,824,607 | - | 14,906,904 | (38,008,739 | ) | 2,093,730,492 | |||||||||||||||||||||
Provision for loan/lease losses | 1,527,767 | 1,275,000 | 1,568,000 | - | - | - | 4,370,767 | ||||||||||||||||||||||
Goodwill | 3,222,688 | - | - | - | - | - | 3,222,688 | ||||||||||||||||||||||
Twelve Months Ended December 31, 2011 | |||||||||||||||||||||||||||||
Total revenue | $ | 47,952,867 | $ | 28,406,789 | $ | 13,518,534 | $ | 5,477,913 | $ | 228,900 | $ | (399,877 | ) | $ | 95,185,126 | ||||||||||||||
Net interest income | 30,831,946 | 15,856,555 | 9,085,293 | - | (1,628,938 | ) | - | 54,144,856 | |||||||||||||||||||||
Net income attributable to QCR Holdings, Inc. | 8,176,665 | 5,154,769 | 329,251 | 789,159 | (4,733,869 | ) | (24,327 | ) | 9,691,648 | ||||||||||||||||||||
Total assets | 1,113,435,783 | 560,076,246 | 294,382,640 | - | 14,826,484 | (16,111,099 | ) | 1,966,610,054 | |||||||||||||||||||||
Provision for loan/lease losses | 2,735,014 | 1,655,000 | 2,226,000 | - | - | - | 6,616,014 | ||||||||||||||||||||||
Goodwill | 3,222,688 | - | - | - | - | - | 3,222,688 | ||||||||||||||||||||||
Note_23_Sale_of_Credit_Card_Lo
Note 23 - Sale of Credit Card Loan Receivables and Credit Card Issuing Business for QCBT | 12 Months Ended |
Dec. 31, 2013 | |
Sale Of Credit Card Loan Receivables And Issuing Business [Abstract] | ' |
Sale Of Credit Card Loan Receivables And Issuing Business [Text Block] | ' |
Note 23. Sale of Credit Card Loan Receivables and Credit Card Issuing Operations for QCBT | |
On January 31, 2013, QCBT entered into an agreement to sell its credit card loan receivables totaling $10,179,318. This transaction closed on February 15, 2013 and resulted in a pre-tax gain of $495,405. As part of the agreement, QCBT also agreed to sell its credit card issuing operations to the purchaser. The gain recognized on this transaction was $355,268. QCBT incurred pre-tax expenses related to these transactions of $257,476, resulting in a net pre-tax gain on the transactions of $593,197. |
Accounting_Policies_by_Policy_
Accounting Policies, by Policy (Policies) | 12 Months Ended | |||||||||||||||
Dec. 31, 2013 | ||||||||||||||||
Accounting Policies [Abstract] | ' | |||||||||||||||
Use of Estimates, Policy [Policy Text Block] | ' | |||||||||||||||
Accounting estimates: The preparation of financial statements, in conformity with generally accepted accounting principles, requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for estimated losses on loans/leases, other-than-temporary impairment of securities, and the fair value of financial instruments. | ||||||||||||||||
Consolidation, Policy [Policy Text Block] | ' | |||||||||||||||
Principles of consolidation: The accompanying consolidated financial statements include the accounts of the Company and its subsidiaries, except those six subsidiaries formed for the issuance of trust preferred securities which do not meet the criteria for consolidation. See Note 10 for a detailed listing of these subsidiaries. All material intercompany accounts and transactions have been eliminated in consolidation. | ||||||||||||||||
Cash and Cash Equivalents, Policy [Policy Text Block] | ' | |||||||||||||||
Presentation of cash flows: For purposes of reporting cash flows, cash and due from banks include cash on hand and noninterest bearing amounts due from banks. Cash flows from federal funds sold, interest bearing deposits at financial institutions, loans/leases, deposits, and short-term and other borrowings are treated as net increases or decreases. | ||||||||||||||||
Cash and due from banks: The subsidiary banks are required by federal banking regulations to maintain certain cash and due from bank reserves. The reserve requirement was approximately $22,435,000 and $15,512,000 and as of December 31, 2013 and 2012, respectively | ||||||||||||||||
Marketable Securities, Policy [Policy Text Block] | ' | |||||||||||||||
Investment securities: Investment securities held to maturity are those debt securities that the Company has the ability and intent to hold until maturity regardless of changes in market conditions, liquidity needs, or changes in general economic conditions. Such securities are carried at cost adjusted for amortization of premiums and accretion of discounts. If the ability or intent to hold to maturity is not present for certain specified securities, such securities are considered available for sale as the Company intends to hold them for an indefinite period of time but not necessarily to maturity. Any decision to sell a security classified as available for sale would be based on various factors, including movements in interest rates, changes in the maturity mix of the Company's assets and liabilities, liquidity needs, regulatory capital considerations, and other factors. Securities available for sale are carried at fair value. Unrealized gains or losses, net of taxes, are reported as increases or decreases in accumulated other comprehensive income. Realized gains or losses, determined on the basis of the cost of specific securities sold, are included in earnings. | ||||||||||||||||
All securities are evaluated to determine whether declines in fair value below their amortized cost are other-than-temporary. | ||||||||||||||||
In estimating other-than-temporary impairment losses on available for sale debt securities, management considers a number of factors including, but not limited to, (1) the length of time and extent to which the fair value has been less than amortized cost, (2) the financial condition and near-term prospects of the issuer, (3) the current market conditions, and (4) the intent of the Company to not sell the security prior to recovery and whether it is not more-likely-than-not that it will be required to sell the security prior to recovery. If the Company does not intend to sell the security, and it is not more-likely-than-not the entity will be required to sell the security before recovery of its amortized cost basis, the Company will recognize the credit component of an other-than-temporary impairment of a debt security in earnings and the remaining portion in other comprehensive income. For held to maturity debt securities, the amount of an other-than-temporary impairment recorded in other comprehensive income for the noncredit portion would be amortized prospectively over the remaining life of the security on the basis of the timing of future estimated cash flows of the security. | ||||||||||||||||
In estimating other-than-temporary impairment losses on available for sale equity securities management considers factors (1), (2) and (3) above as well as whether the Company has the intent and the ability to hold the security until its recovery. If the Company (a) intends to sell an impaired equity security and does not expect the fair value of the security to fully recover before the expected time of sale, or (b) does not have the ability to hold the security until its recovery, the security is deemed other-than-temporarily impaired and the impairment is charged to earnings. The Company recognizes an impairment loss through earnings if based upon other factors the loss is deemed to be other-than-temporary even if the decision to sell has not been made. | ||||||||||||||||
Finance, Loan and Lease Receivables, Held-for-sale, Policy [Policy Text Block] | ' | |||||||||||||||
Loans receivable, held for sale: Residential real estate loans which are originated and intended for resale in the secondary market in the foreseeable future are classified as held for sale. These loans are carried at the lower of cost or estimated market value in the aggregate. As assets specifically acquired for resale, the origination of, disposition of, and gain/loss on these loans are classified as operating activities in the statement of cash flows. | ||||||||||||||||
Finance, Loans and Leases Receivable, Policy [Policy Text Block] | ' | |||||||||||||||
Loans receivable, held for investment: Loans that management has the intent and ability to hold for the foreseeable future, or until pay-off or maturity occurs, are classified as held for investment. These loans are stated at the amount of unpaid principal adjusted for charge-offs, the allowance for estimated losses on loans, and any deferred fees and/or costs on originated loans. Interest is credited to earnings as earned based on the principal amount outstanding. Deferred direct loan origination fees and/or costs are amortized as an adjustment of the related loan’s yield. As assets held for and used in the production of services, the origination and collection of these loans are classified as investing activities in the statement of cash flows. | ||||||||||||||||
The Company discloses allowance for credit losses (also known as “allowance for estimated loss on loans/leases” or “allowance”) and fair value by portfolio segment, and credit quality information, impaired financing receivables, nonaccrual status, and troubled debt restructurings by class of financing receivable. A portfolio segment is the level at which the Company develops and documents a systematic methodology to determine its allowance for credit losses. A class of financing receivable is a further disaggregation of a portfolio segment based on risk characteristics and the Company’s method for monitoring and assessing credit risk. See this information following and in Note 4. | ||||||||||||||||
The Company’s portfolio segments are as follows: | ||||||||||||||||
● | Commercial and industrial | |||||||||||||||
● | Commercial real estate | |||||||||||||||
● | Residential real estate | |||||||||||||||
● | Installment and other consumer | |||||||||||||||
Direct financing leases would be considered a segment within the overall loan/lease portfolio. The accounting policies for direct financing leases are disclosed below. | ||||||||||||||||
The Company’s classes of loans receivable are as follows: | ||||||||||||||||
● | Commercial and industrial | |||||||||||||||
● | Owner-occupied commercial real estate | |||||||||||||||
● | Commercial construction, land development, and other land loans that are not owner-occupied commercial real estate | |||||||||||||||
● | Other non-owner-occupied commercial real estate | |||||||||||||||
● | Residential real estate | |||||||||||||||
● | Installment and other consumer | |||||||||||||||
Direct financing leases would be considered a class of financing receivable within the overall loan/lease portfolio. The accounting policies for direct financing leases are disclosed below. | ||||||||||||||||
Generally, for all classes of loans receivable, loans are considered past due when contractual payments are delinquent for 31 days or greater. | ||||||||||||||||
For all classes of loans receivable, loans will generally be placed on nonaccrual status when the loan has become 90 days past due (unless the loan is well secured and in the process of collection); or if any of the following conditions exist: | ||||||||||||||||
● | It becomes evident that the borrower will not make payments, or will not or cannot meet the terms for renewal of a matured loan; | |||||||||||||||
● | When full repayment of principal and interest is not expected; | |||||||||||||||
● | When the loan is graded “doubtful”; | |||||||||||||||
● | When the borrower files bankruptcy and an approved plan of reorganization or liquidation is not anticipated in the near future; or | |||||||||||||||
● | When foreclosure action is initiated. | |||||||||||||||
When a loan is placed on nonaccrual status, income recognition is ceased. Previously recorded but uncollected amounts of interest on nonaccrual loans are reversed at the time the loan is placed on nonaccrual status. Generally, cash collected on nonaccrual loans is applied to principal. Should full collection of principal be expected, cash collected on nonaccrual loans can be recognized as interest income. | ||||||||||||||||
For all classes of loans receivable, nonaccrual loans may be restored to accrual status provided the following criteria are met: | ||||||||||||||||
● | The loan is current, and all principal and interest amounts contractually due have been made; | |||||||||||||||
● | All principal and interest amounts contractually due, including past due payments, are reasonably assured of repayment within a reasonable period; and | |||||||||||||||
● | There is a period of minimum repayment performance, as follows, by the borrower in accordance with contractual terms: | |||||||||||||||
o | Six months of repayment performance for contractual monthly payments, or | |||||||||||||||
o | One year of repayment performance for contractual quarterly or semi-annual payments. | |||||||||||||||
Direct finance leases receivable, held for investment: The Company leases machinery and equipment to customers under leases that qualify as direct financing leases for financial reporting and as operating leases for income tax purposes. Under the direct financing method of accounting, the minimum lease payments to be received under the lease contract, together with the estimated unguaranteed residual values (approximately 3% to 15% of the cost of the related equipment), are recorded as lease receivables when the lease is signed and the lease property delivered to the customer. The excess of the minimum lease payments and residual values over the cost of the equipment is recorded as unearned lease income. Unearned lease income is recognized over the term of the lease on a basis that results in an approximate level rate of return on the unrecovered lease investment. Lease income is recognized on the interest method. Residual value is the estimated fair market value of the equipment on lease at lease termination. In estimating the equipment’s fair value at lease termination, the Company relies on historical experience by equipment type and manufacturer and, where available, valuations by independent appraisers, adjusted for known trends. The Company’s estimates are reviewed continuously to ensure reasonableness; however, the amounts the Company will ultimately realize could differ from the estimated amounts. If the review results in a lower estimate than had been previously established, a determination is made as to whether the decline in estimated residual value is other-than-temporary. If the decline in estimated unguaranteed residual value is judged to be other-than-temporary, the accounting for the transaction is revised using the changed estimate. The resulting reduction in the investment is recognized as a loss in the period in which the estimate is changed. An upward adjustment of the estimated residual value is not recorded. | ||||||||||||||||
The policies for delinquency and nonaccrual for direct financing leases are materially consistent with those described above for all classes of loan receivables. | ||||||||||||||||
The Company defers and amortizes fees and certain incremental direct costs over the contractual term of the lease as an adjustment to the yield. These initial direct leasing costs generally approximate 4% of the leased asset’s cost. The unamortized direct costs are recorded as a reduction of unearned lease income. | ||||||||||||||||
Loans and Leases Receivable, Troubled Debt Restructuring Policy [Policy Text Block] | ' | |||||||||||||||
Troubled debt restructurings: Troubled debt restructuring exists when the Company, for economic or legal reasons related to the borrower’s/lessee’s financial difficulties, grants a concession (either imposed by court order, law, or agreement between the borrower/lessee and the Company) to the borrower/lessee that it would not otherwise consider. The Company is attempting to maximize its recovery of the balances of the loans/leases through these various concessionary restructurings. | ||||||||||||||||
The following criteria, related to granting a concession, together or separately, create a troubled debt restructuring: | ||||||||||||||||
● | A modification of terms of a debt such as one or a combination of: | |||||||||||||||
o | The reduction of the stated interest rate. | |||||||||||||||
o | The extension of the maturity date or dates at a stated interest rate lower than the current market rate for the new debt with similar risk. | |||||||||||||||
o | The reduction of the face amount or maturity amount of the debt as stated in the instrument or other agreement. | |||||||||||||||
o | The reduction of accrued interest. | |||||||||||||||
● | A transfer from the borrower/lessee to the Company of receivables from third parties, real estate, other assets, or an equity position in the borrower to fully or partially satisfy a loan. | |||||||||||||||
● | The issuance or other granting of an equity position to the Company to fully or partially satisfy a debt unless the equity position is granted pursuant to existing terms for converting the debt into an equity position. | |||||||||||||||
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block] | ' | |||||||||||||||
Allowance for estimated losses on loans/leases: For all portfolio segments, the allowance for estimated losses on loans/leases is established as losses are estimated to have occurred through a provision for loan/lease losses charged to earnings. Loan/lease losses, for all portfolio segments, are charged against the allowance when management believes the uncollectability of a loan/lease balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. | ||||||||||||||||
For all portfolio segments, the allowance for estimated losses on loans/leases is evaluated on a regular basis by management and is based upon management’s periodic review of the collectability of the loans/leases in light of historical experience, the nature and volume of the loan/lease portfolio, adverse situations that may affect the borrower’s/lessee’s ability to repay, estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. | ||||||||||||||||
A discussion of the risk characteristics and the allowance for estimated losses on loans/leases by each portfolio segment follows: | ||||||||||||||||
For commercial and industrial loans, the Company focuses on small and mid-sized businesses with primary operations as wholesalers, manufacturers, building contractors, business services companies, other banks, and retailers. The Company provides a wide range of commercial and industrial loans, including lines of credit for working capital and operational purposes, and term loans for the acquisition of facilities, equipment and other purposes. Approval is generally based on the following factors: | ||||||||||||||||
● | Ability and stability of current management of the borrower; | |||||||||||||||
● | Stable earnings with positive financial trends; | |||||||||||||||
● | Sufficient cash flow to support debt repayment; | |||||||||||||||
● | Earnings projections based on reasonable assumptions; | |||||||||||||||
● | Financial strength of the industry and business; and | |||||||||||||||
● | Value and marketability of collateral. | |||||||||||||||
Collateral for commercial and industrial loans generally includes accounts receivable, inventory, equipment and real estate. The lending policy specifies approved collateral types and corresponding maximum advance percentages. The value of collateral pledged on loans must exceed the loan amount by a margin sufficient to absorb potential erosion of its value in the event of foreclosure and cover the loan amount plus costs incurred to convert it to cash. | ||||||||||||||||
The lending policy specifies maximum term limits for commercial and industrial loans. For term loans, the maximum term is generally 7 years. Generally, term loans range from 3 to 5 years. For lines of credit, the maximum term is typically 365 days. | ||||||||||||||||
In addition, the Company often takes personal guarantees or cosignors to help assure repayment. Loans may be made on an unsecured basis if warranted by the overall financial condition of the borrower. | ||||||||||||||||
Commercial real estate loans are subject to underwriting standards and processes similar to commercial and industrial loans, in addition to those standards and processes specific to real estate loans. Collateral for commercial real estate loans generally includes the underlying real estate and improvements, and may include additional assets of the borrower. The lending policy specifies maximum loan-to-value limits based on the category of commercial real estate (commercial real estate loans on improved property, raw land, land development, and commercial construction). These limits are the same limits established by regulatory authorities. | ||||||||||||||||
The lending policy also includes guidelines for real estate appraisals, including minimum appraisal standards based on certain transactions. In addition, the Company often takes personal guarantees to help assure repayment. | ||||||||||||||||
In addition, management tracks the level of owner-occupied commercial real estate loans versus non-owner occupied loans. Owner-occupied loans are generally considered to have less risk. As of December 31, 2013 and 2012, approximately 39% and 35%, respectively, of the commercial real estate loan portfolio was owner-occupied. | ||||||||||||||||
The Company’s lending policy limits non-owner occupied commercial real estate lending to 300% of total risk-based capital, and limits construction, land development, and other land loans to 100% of total risk-based capital. Exceeding these limits warrants the use of heightened risk management practices in accordance with regulatory guidelines. As of December 31, 2013 and 2012, all three subsidiary banks were in compliance with these limits. | ||||||||||||||||
In some instances for all loans/leases, it may be appropriate to originate or purchase loans/leases that are exceptions to the guidelines and limits established within the lending policy described above and below. In general, exceptions to the lending policy do not significantly deviate from the guidelines and limits established within the lending policy and, if there are exceptions, they are clearly noted as such and specifically identified in loan/lease approval documents. | ||||||||||||||||
For commercial and industrial and commercial real estate loans, the allowance for estimated losses on loans consists of specific and general components. | ||||||||||||||||
The specific component relates to loans that are classified as impaired, as defined below. For those loans that are classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan are lower than the carrying value of that loan. | ||||||||||||||||
For commercial and industrial loans and all classes of commercial real estate loans, a loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a case-by-case basis by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price, or the fair value of the collateral if the loan is collateral dependent. | ||||||||||||||||
The general component consists of quantitative and qualitative factors and covers non-impaired loans. The quantitative factors are based on historical charge-off experience and expected loss given default derived from the Company’s internal risk rating process. See below for a detailed description of the Company’s internal risk rating scale. The qualitative factors are determined based on an assessment of internal and/or external influences on credit quality that are not fully reflected in the historical loss or risk rating data. | ||||||||||||||||
For commercial and industrial and commercial real estate loans, the Company utilizes the following internal risk rating scale: | ||||||||||||||||
1. Highest Quality – loans of the highest quality with no credit risk, including those fully secured by subsidiary bank certificates of deposit and U.S. government securities. | ||||||||||||||||
2. Superior Quality – loans with very strong credit quality. Borrowers have exceptionally strong earnings, liquidity, capital, cash flow coverage, and management ability. Includes loans secured by high quality, marketable securities, certificates of deposit from other institutions, and cash value of life insurance. Also includes loans supported by U.S. government, state, or municipal guarantees. | ||||||||||||||||
3. Satisfactory Quality – loans with satisfactory credit quality. Established borrowers with satisfactory financial condition, including credit quality, earnings, liquidity, capital and cash flow coverage. Management is capable and experienced. Collateral coverage and guarantor support, if applicable, are more than adequate. Includes loans secured by personal assets and business assets, including equipment, accounts receivable, inventory, and real estate. | ||||||||||||||||
4. Fair Quality – loans with moderate but still acceptable credit quality. The primary repayment source remains adequate; however, management’s ability to maintain consistent profitability is unproven or uncertain. Borrowers exhibit acceptable leverage and liquidity. May include new businesses with inexperienced management or unproven performance records in relation to peer, or borrowers operating in highly cyclical or deteriorating industries. | ||||||||||||||||
5. Early Warning – loans where the borrowers have generally performed as agreed, however unfavorable financial trends exist or are anticipated. Earnings may be erratic, with marginal cash flow or declining sales. Borrowers reflect leveraged financial condition and/or marginal liquidity. Management may be new and a track record of performance has yet to be developed. Financial information may be incomplete, and reliance on secondary repayment sources may be increasing. | ||||||||||||||||
6. Special Mention – loans where the borrowers exhibit credit weaknesses or unfavorable financial trends requiring close monitoring. Weaknesses and adverse trends are more pronounced than Early Warning loans, and if left uncorrected, may jeopardize repayment according to the contractual terms. Currently, no loss of principal or interest is expected. Borrowers in this category have deteriorated to the point that it would be difficult to refinance with another lender. Special Mention should be assigned to borrowers in turnaround situations. This rating is intended as a transitional rating, therefore, it is generally not assigned to a borrower for a period of more than one year. | ||||||||||||||||
7. Substandard – loans which are inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if applicable. These loans have a well-defined weakness or weaknesses which jeopardize repayment according to the contractual terms. There is distinct loss potential if the weaknesses are not corrected. Includes loans with insufficient cash flow coverage which are collateral dependent, other real estate owned, and repossessed assets. | ||||||||||||||||
8. Doubtful – loans which have all the weaknesses inherent in a Substandard loan, with the added characteristic that existing weaknesses make full principal collection, on the basis of current facts, conditions and values, highly doubtful. The possibility of loss is extremely high, but because of pending factors, recognition of a loss is deferred until a more exact status can be determined. All doubtful loans will be placed on non-accrual, with all payments, including principal and interest, applied to principal reduction. | ||||||||||||||||
For term commercial and industrial and commercial real estate loans or credit relationships with aggregate exposure greater than $1,000,000, a loan review is required within 15 months of the most recent credit review. The review is completed in enough detail to, at a minimum, validate the risk rating. Additionally, the review shall include an analysis of debt service requirements, covenant compliance, if applicable, and collateral adequacy. The frequency of the review is generally accelerated for loans with poor risk ratings. | ||||||||||||||||
The Company’s Loan Quality area will perform a documentation review of a sampling of commercial and industrial and commercial real estate loans, the primary purpose of which is to ensure the credit is properly documented and closed in accordance with approval authorities and conditions. A review will also be performed by the Company’s Internal Audit Department of a sampling of commercial and industrial and commercial real estate loans, according to an approved schedule. Validation of the risk rating is part of Internal Audit’s review. Additionally, over the past several years, the Company has contracted an independent outside third party to review a sampling of commercial and industrial and commercial real estate loans. Validation of the risk rating is part of this review as well. | ||||||||||||||||
The Company leases machinery and equipment to commercial and industrial customers under direct financing leases. All lease requests are subject to the credit requirements and criteria as set forth in the lending/leasing policy. In all cases, a formal independent credit analysis of the lessee is performed. | ||||||||||||||||
For direct financing leases, the allowance for estimated lease losses consists of specific and general components. | ||||||||||||||||
The specific component relates to leases that are classified as impaired, as defined for commercial loans above. For those leases that are classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired lease is lower than the carrying value of that lease. | ||||||||||||||||
The general component consists of quantitative and qualitative factors and covers nonimpaired leases. The quantitative factors are based on historical charge-off experience for the entire lease portfolio. The qualitative factors are determined based on an assessment of internal and/or external influences on credit quality that are not fully reflected in the historical loss data. | ||||||||||||||||
Generally, the Company’s residential real estate loans conform to the underwriting requirements of Freddie Mac and Fannie Mae to allow the subsidiary banks to resell loans in the secondary market. The subsidiary banks structure most loans that will not conform to those underwriting requirements as adjustable rate mortgages that mature or adjust in one to five years or fixed rate mortgages that mature in 15 years, and then retain these loans in their portfolios. Servicing rights are not presently retained on the loans sold in the secondary market. The lending policy establishes minimum appraisal and other credit guidelines. | ||||||||||||||||
The Company provides many types of installment and other consumer loans including motor vehicle, home improvement, home equity, signature loans and small personal credit lines. The lending policy addresses specific credit guidelines by consumer loan type. | ||||||||||||||||
For residential real estate loans, and installment and other consumer loans, these large groups of smaller balance homogenous loans are collectively evaluated for impairment. The Company applies a quantitative factor based on historical charge-off experience in total for each of these segments. Accordingly, the Company generally does not separately identify individual residential real estate loans, and/or installment or other consumer loans for impairment disclosures, unless such loans are the subject of a restructuring agreement due to financial difficulties of the borrower. | ||||||||||||||||
Troubled debt restructurings are considered impaired loans/leases and are subject to the same allowance methodology as described above for impaired loans/leases by portfolio segment. | ||||||||||||||||
Off-Balance-Sheet Credit Exposure, Policy [Policy Text Block] | ' | |||||||||||||||
Credit related financial instruments: In the ordinary course of business, the Company has entered into commitments to extend credit and standby letters of credit. Such financial instruments are recorded when they are funded. | ||||||||||||||||
Transfers and Servicing of Financial Assets, Policy [Policy Text Block] | ' | |||||||||||||||
Transfers of financial assets: Transfers of financial assets are accounted for as sales only when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when: (1) the assets have been isolated from the Company, (2) the transferee obtains the right to pledge or exchange the assets it received, and no condition both constrains the transferee from taking advantage of its right to pledge or exchange and provides more than a modest benefit to the transferor, and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity or the ability to unilaterally cause the holder to return specific assets. In addition, for transfers of a portion of financial assets (for example, participations of loan receivables), the transfer must meet the definition of a “participating interest” in order to account for the transfer as a sale. Following are the characteristics of a “participating interest”: | ||||||||||||||||
● | Pro-rata ownership in an entire financial asset. | |||||||||||||||
● | From the date of the transfer, all cash flows received from entire financial assets are divided proportionately among the participating interest holders in an amount equal to their share of ownership. | |||||||||||||||
● | The rights of each participating interest holder have the same priority, and no participating interest holder’s interest is subordinated to the interest of another participating interest holder. That is, no participating interest holder is entitled to receive cash before any other participating interest holder under its contractual rights as a participating interest holder. | |||||||||||||||
● | No party has the right to pledge or exchange the entire financial asset unless all participating interest holders agree to pledge or exchange the entire financial asset. | |||||||||||||||
Property, Plant and Equipment, Policy [Policy Text Block] | ' | |||||||||||||||
Premises and equipment: Premises and equipment are stated at cost less accumulated depreciation. Depreciation is computed primarily by the straight-line method over the estimated useful lives of the assets. | ||||||||||||||||
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block] | ' | |||||||||||||||
Goodwill: The Company has recorded goodwill from QCBT’s purchase of 80% of m2 in August 2005. The goodwill is not being amortized, but is evaluated at least annually for impairment. An impairment charge is recognized when the calculated fair value of the reporting unit, including goodwill, is less than its carrying amount. Based on the annual analysis completed as of September 30, 2013, the Company determined that the goodwill was not impaired. | ||||||||||||||||
Intangible Assets, Finite-Lived, Policy [Policy Text Block] | ' | |||||||||||||||
Core deposit intangible: The Company recorded core deposit intangible from the acquisition of Community National. The core deposit intangible was the portion of the acquisition purchase price which represented the value assigned to the existing deposit base at acquisition. 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). | ||||||||||||||||
Bank-owned Life Insurance [Policy Text Block] | ' | |||||||||||||||
Bank-owned life insurance: Bank-owned life insurance is carried at cash surrender value with increases/decreases reflected as income/expense in the statement of income. | ||||||||||||||||
Restricted Assets Disclosure [Text Block] | ' | |||||||||||||||
Restricted investment securities: Restricted investment securities represent Federal Home Loan Bank (“FHLB”) and Federal Reserve Bank common stock. The stock is carried at cost. These equity securities are “restricted” in that they can only be sold back to the respective institution or another member institution at par. Therefore, they are less liquid than other tradable equity securities. The Company views its investment in restricted stock as a long-term investment. Accordingly, when evaluating for impairment, the value is determined based on the ultimate recovery of the par value, rather than recognizing temporary declines in value. There have been no other-than-temporary write-downs recorded on these securities. | ||||||||||||||||
Real Estate, Policy [Policy Text Block] | ' | |||||||||||||||
Other real estate owned: Real estate acquired through, or in lieu of, loan foreclosures, is held for sale and initially recorded at fair value less costs to sell, establishing a new cost basis. Subsequent to foreclosure, valuations are periodically performed by management and the assets are carried at the lower of carrying amount or fair value less costs to sell. Subsequent write-downs to fair value are charged to earnings. | ||||||||||||||||
Stockholders' Equity, Policy [Policy Text Block] | ' | |||||||||||||||
Treasury stock: Treasury stock is accounted for by the cost method, whereby shares of common stock reacquired are recorded at their purchase price. When treasury stock is reissued, any difference between the sales proceeds, or fair value when issued for business combinations, and the cost is recognized as a charge or credit to additional paid-in capital. | ||||||||||||||||
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] | ' | |||||||||||||||
Stock-based compensation plans: At December 31, 2013, the Company had three stock-based employee compensation plans, which are described more fully in Note 14. | ||||||||||||||||
The Company accounts for stock-based compensation with measurement of compensation cost for all stock-based awards at fair value on the grant date and recognition of compensation over the requisite service period for awards expected to vest. | ||||||||||||||||
As discussed in Note 14, during the years ended December 31, 2013, 2012, and 2011, the Company recognized stock-based compensation expense related to stock options, stock purchase plans, and stock appreciation rights of $792,279, $849,760, and $696,407, respectively. As required, management made an estimate of expected forfeitures and is recognizing compensation costs only for those equity awards expected to vest. | ||||||||||||||||
The Company uses the Black-Scholes option pricing model to estimate the fair value of stock option grants with the following assumptions for the indicated periods: | ||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||
Dividend yield | 0.44% | to | 0.53% | 0.86% | 0.88% | to | 1.00% | |||||||||
Expected volatility | 29.50% | to | 30.56% | 29.36% | 29.64% | to | 30.30% | |||||||||
Risk-free interest rate | 1.71% | to | 2.90% | 1.98% | 1.90% | to | 3.58% | |||||||||
Expected life of option grants (years) | 6 | 6 | 6 | |||||||||||||
Weighted-average grant date fair value | $5.14 | $2.79 | $2.74 | |||||||||||||
The Company also uses the Black-Scholes option pricing model to estimate the fair value of stock purchase grants with the following assumptions for the indicated periods: | ||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||
Dividend yield | 0.53% | to | 0.61% | 0.61% | to | 0.88% | 0.88% | to | 1.12% | |||||||
Expected volatility | 23.05% | to | 24.25% | 27.20% | to | 31.11% | 51.62% | to | 53.58% | |||||||
Risk-free interest rate | 0.10% | to | 0.18% | 0.03% | to | 0.18% | 0.08% | to | 0.23% | |||||||
Expected life of purchase grants (months) | 3 | to | 6 | 3 | to | 6 | 3 | to | 6 | |||||||
Weighted-average grant date fair value | $2.10 | $1.71 | $1.68 | |||||||||||||
The fair value is amortized on a straight-line basis over the vesting periods of the grants and will be adjusted for subsequent changes in estimated forfeitures. The expected dividend yield assumption is based on the Company's current expectations about its anticipated dividend policy. Expected volatility is based on historical volatility of the Company's common stock price. The risk-free interest rate for periods within the contractual life of the option or purchase is based on the U.S. Treasury yield curve in effect at the time of the grant. The expected life of the option and purchase grants is derived using the “simplified” method and represents the period of time that options and purchases are expected to be outstanding. Historical data is used to estimate forfeitures used in the model. Two separate groups of employees (employees subject to broad based grants, and executive employees and directors) are used. | ||||||||||||||||
As of December 31, 2013, there was $636,217 of unrecognized compensation cost related to share based payments, which is expected to be recognized over a weighted average period of 2.5 years. | ||||||||||||||||
The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying awards and the quoted price of the Company's common stock for the 524,081 options that were in-the-money at December 31, 2013. The aggregate intrinsic value at December 31, 2013 was $2,467,057 on options outstanding and $1,149,534 on options exercisable. During the years ended December 31, 2013, 2012 and 2011, the aggregate intrinsic value of options exercised under the Company's stock option plans was $268,920, $56,371, and $47,026, respectively, and determined as of the date of the option exercise. | ||||||||||||||||
Income Tax, Policy [Policy Text Block] | ' | |||||||||||||||
Income taxes: The Company files its tax return on a consolidated basis with its subsidiaries. The entities follow the direct reimbursement method of accounting for income taxes under which income taxes or credits which result from the inclusion of the subsidiaries in the consolidated tax return are paid to or received from the parent company. | ||||||||||||||||
Deferred income taxes are provided under the liability method whereby deferred tax assets are recognized for deductible temporary differences and net operating loss and tax credit carryforwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax basis. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. | ||||||||||||||||
When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying balance sheet along with any associated interest and penalties that would be payable to the taxing authorities upon examination. | ||||||||||||||||
Interest and penalties associated with unrecognized tax benefits are classified as additional income taxes in the statements of income. | ||||||||||||||||
Trust Assets [Policy Text Block] | ' | |||||||||||||||
Trust assets: Trust assets held by the subsidiary banks in a fiduciary, agency, or custodial capacity for their customers, other than cash on deposit at the subsidiary banks, are not included in the accompanying consolidated financial statements since such items are not assets of the subsidiary banks. | ||||||||||||||||
Earnings Per Share, Policy [Policy Text Block] | ' | |||||||||||||||
Earnings per common share: See Note 16 for a complete description and calculation of basic and diluted earnings per common share. | ||||||||||||||||
Reclassification, Policy [Policy Text Block] | ' | |||||||||||||||
Reclassifications: Certain amounts in the prior year financial statements have been reclassified, with no effect on net income, comprehensive income, or stockholders’ equity, to conform with the current period presentation. | ||||||||||||||||
New Accounting Pronouncements, Policy [Policy Text Block] | ' | |||||||||||||||
New accounting pronouncements: 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. | ||||||||||||||||
In January 2014, FASB issued ASU 2014-04, Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure. The objective of ASU 2014-04 is to reduce diversity by clarifying when an in substance repossession or foreclosure occurs, that is, when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan such that the loan receivable should be derecognized and the real estate property recognized. ASU 2014-04 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2014. Management is in the process of evaluating the impact of ASU 2014-04 on the Company’s consolidated financial statements. |
Note_1_Nature_of_Business_and_1
Note 1 - Nature of Business and Significant Accounting Policies (Tables) | 12 Months Ended | |||||||||||||||
Dec. 31, 2013 | ||||||||||||||||
Accounting Policies [Abstract] | ' | |||||||||||||||
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | ' | |||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||
Dividend yield | 0.44% | to | 0.53% | 0.86% | 0.88% | to | 1.00% | |||||||||
Expected volatility | 29.50% | to | 30.56% | 29.36% | 29.64% | to | 30.30% | |||||||||
Risk-free interest rate | 1.71% | to | 2.90% | 1.98% | 1.90% | to | 3.58% | |||||||||
Expected life of option grants (years) | 6 | 6 | 6 | |||||||||||||
Weighted-average grant date fair value | $5.14 | $2.79 | $2.74 | |||||||||||||
2013 | 2012 | 2011 | ||||||||||||||
Dividend yield | 0.53% | to | 0.61% | 0.61% | to | 0.88% | 0.88% | to | 1.12% | |||||||
Expected volatility | 23.05% | to | 24.25% | 27.20% | to | 31.11% | 51.62% | to | 53.58% | |||||||
Risk-free interest rate | 0.10% | to | 0.18% | 0.03% | to | 0.18% | 0.08% | to | 0.23% | |||||||
Expected life of purchase grants (months) | 3 | to | 6 | 3 | to | 6 | 3 | to | 6 | |||||||
Weighted-average grant date fair value | $2.10 | $1.71 | $1.68 |
Note_2_Community_National_Banc1
Note 2 - Community National Bancorporation and Community National Bank (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Disclosure Text Block Supplement [Abstract] | ' | ||||||||
Core Deposit [Table Text Block] | ' | ||||||||
2013 | |||||||||
Balance, beginning | $ | - | |||||||
Core deposit intangible from Community National Acquistion | 3,440,076 | ||||||||
Amortization expense | (178,881 | ) | |||||||
Core deposit intangible sold in branch sales | (1,390,762 | ) | |||||||
Balance, ending | $ | 1,870,433 | |||||||
2013 | |||||||||
Gross carrying amount | $ | 1,995,127 | |||||||
Accumulated amortization | (124,694 | ) | |||||||
Net carrying amount | $ | 1,870,433 | |||||||
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] | ' | ||||||||
Years ended | |||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
Interest income | $ | 83,008,255 | $ | 87,514,410 | |||||
Noninterest income | $ | 22,042,194 | $ | 19,792,383 | |||||
Net income | $ | 11,320,890 | $ | 14,077,018 | |||||
Net income attributable to QCR Holdings, Inc. common stockholders | $ | 8,152,588 | $ | 10,092,460 | |||||
Earnings per common share attributable to QCR Holdings, Inc. common stockholders | |||||||||
Basic | $ | 1.47 | $ | 1.82 | |||||
Diluted | $ | 1.44 | $ | 1.79 | |||||
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block] | ' | ||||||||
As of | |||||||||
4-Oct-13 | |||||||||
ASSETS | |||||||||
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 | 53,421 | ||||||||
Total liabilties sold | $ | 55,245,351 | |||||||
Gain on sale, pre-tax | $ | 873,972 | |||||||
As of | |||||||||
11-Oct-13 | |||||||||
ASSETS | |||||||||
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_3_Investment_Securities_T
Note 3 - Investment Securities (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Investment Holdings [Abstract] | ' | ||||||||||||||||||||||||
Unrealized Gain (Loss) on Investments [Table Text Block] | ' | ||||||||||||||||||||||||
Amortized | Gross | Gross | Fair | ||||||||||||||||||||||
Cost | Unrealized | Unrealized | Value | ||||||||||||||||||||||
Gains | (Losses) | ||||||||||||||||||||||||
December 31, 2013: | |||||||||||||||||||||||||
Securities held to maturity: | |||||||||||||||||||||||||
Municipal securities | $ | 144,401,895 | $ | 299,789 | $ | (7,111,579 | ) | $ | 137,590,105 | ||||||||||||||||
Other securities | 1,050,000 | - | - | 1,050,000 | |||||||||||||||||||||
$ | 145,451,895 | $ | 299,789 | $ | (7,111,579 | ) | $ | 138,640,105 | |||||||||||||||||
Securities available for sale: | |||||||||||||||||||||||||
U.S. govt. sponsored agency securities | $ | 376,574,132 | $ | 41,696 | $ | (20,142,841 | ) | $ | 356,472,987 | ||||||||||||||||
Residential mortgage-backed and related securities | 160,110,199 | 1,153,409 | (3,834,157 | ) | 157,429,451 | ||||||||||||||||||||
Municipal securities | 35,813,866 | 923,315 | (778,324 | ) | 35,958,857 | ||||||||||||||||||||
Other securities | 1,372,365 | 524,798 | - | 1,897,163 | |||||||||||||||||||||
$ | 573,870,562 | $ | 2,643,218 | $ | (24,755,322 | ) | $ | 551,758,458 | |||||||||||||||||
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 | |||||||||||||||||||||||
December 31, 2013: | |||||||||||||||||||||||||
Securities held to maturity: | |||||||||||||||||||||||||
Municipal securities | $ | 101,983,602 | $ | (6,711,240 | ) | $ | 2,697,375 | $ | (400,339 | ) | $ | 104,680,977 | $ | (7,111,579 | ) | ||||||||||
Securities available for sale: | |||||||||||||||||||||||||
U.S. govt. sponsored agency securities | $ | 333,194,820 | $ | (19,141,077 | ) | $ | 10,978,390 | $ | (1,001,764 | ) | $ | 344,173,210 | $ | (20,142,841 | ) | ||||||||||
Residential mortgage-backed and related securities | 94,723,092 | (2,947,770 | ) | 14,117,719 | (886,387 | ) | 108,840,811 | (3,834,157 | ) | ||||||||||||||||
Municipal securities | 13,890,692 | (724,939 | ) | 985,687 | (53,385 | ) | 14,876,379 | (778,324 | ) | ||||||||||||||||
$ | 441,808,604 | $ | (22,813,786 | ) | $ | 26,081,796 | $ | (1,941,536 | ) | $ | 467,890,400 | $ | (24,755,322 | ) | |||||||||||
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] | ' | ||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Proceeds from sales of securities | $ | 37,393,047 | $ | 19,215,075 | $ | 54,326,191 | |||||||||||||||||||
Gross gains from sales of securities | 523,071 | 104,600 | 1,472,528 | ||||||||||||||||||||||
Gross losses from sales of securities | (90,579 | ) | - | - | |||||||||||||||||||||
Investments Classified by Contractual Maturity Date [Table Text Block] | ' | ||||||||||||||||||||||||
Amortized Cost | Fair Value | ||||||||||||||||||||||||
Securities held to maturity: | |||||||||||||||||||||||||
Due in one year or less | $ | 2,250,529 | $ | 2,250,467 | |||||||||||||||||||||
Due after one year through five years | 9,340,352 | 9,309,433 | |||||||||||||||||||||||
Due after five years | 133,861,014 | 127,080,205 | |||||||||||||||||||||||
$ | 145,451,895 | $ | 138,640,105 | ||||||||||||||||||||||
Securities available for sale: | |||||||||||||||||||||||||
Due in one year or less | $ | 6,416,406 | $ | 6,426,654 | |||||||||||||||||||||
Due after one year through five years | 46,861,212 | 46,420,946 | |||||||||||||||||||||||
Due after five years | 359,110,380 | 339,584,244 | |||||||||||||||||||||||
$ | 412,387,998 | $ | 392,431,844 | ||||||||||||||||||||||
Residential mortgage-backed and related securities | 160,110,199 | 157,429,451 | |||||||||||||||||||||||
Other securities | 1,372,365 | 1,897,163 | |||||||||||||||||||||||
$ | 573,870,562 | $ | 551,758,458 | ||||||||||||||||||||||
Amortized Cost | Fair Value | ||||||||||||||||||||||||
Securities held to maturity: | |||||||||||||||||||||||||
Municipal securities | $ | 108,408,593 | $ | 102,628,515 | |||||||||||||||||||||
Securities available for sale: | |||||||||||||||||||||||||
U.S. govt. sponsored agency securities | 335,565,915 | 317,138,253 | |||||||||||||||||||||||
Municipal securities | 22,760,530 | 22,574,232 | |||||||||||||||||||||||
$ | 358,326,445 | $ | 339,712,485 |
Note_4_LoansLeases_Receivable_
Note 4 - Loans/Leases Receivable (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||||||||||
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | ' | ||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
Commercial and industrial loans | $ | 431,688,129 | $ | 394,244,252 | |||||||||||||||||||||
Commercial real estate loans | |||||||||||||||||||||||||
Owner-occupied commercial real estate | 261,215,912 | 204,911,308 | |||||||||||||||||||||||
Commercial construction, land development, and other land | 57,844,902 | 44,962,381 | |||||||||||||||||||||||
Other non owner-occupied commercial real estate | 352,692,115 | 344,105,550 | |||||||||||||||||||||||
671,752,929 | 593,979,239 | ||||||||||||||||||||||||
Direct financing leases * | 128,901,442 | 103,685,656 | |||||||||||||||||||||||
Residential real estate loans ** | 147,356,323 | 115,581,573 | |||||||||||||||||||||||
Installment and other consumer loans | 76,033,810 | 76,720,514 | |||||||||||||||||||||||
1,455,732,633 | 1,284,211,234 | ||||||||||||||||||||||||
Plus deferred loan/lease orgination costs, net of fees | 4,546,925 | 3,176,405 | |||||||||||||||||||||||
1,460,279,558 | 1,287,387,639 | ||||||||||||||||||||||||
Less allowance for estimated losses on loans/leases | (21,448,048 | ) | (19,925,204 | ) | |||||||||||||||||||||
$ | 1,438,831,510 | $ | 1,267,462,435 | ||||||||||||||||||||||
* Direct financing leases: | |||||||||||||||||||||||||
Net minimum lease payments to be received | $ | 145,662,254 | $ | 117,719,380 | |||||||||||||||||||||
Estimated unguaranteed residual values of leased assets | 1,694,499 | 1,095,848 | |||||||||||||||||||||||
Unearned lease/residual income | (18,455,311 | ) | (15,129,572 | ) | |||||||||||||||||||||
128,901,442 | 103,685,656 | ||||||||||||||||||||||||
Plus deferred lease origination costs, net of fees | 4,814,183 | 3,907,140 | |||||||||||||||||||||||
133,715,625 | 107,592,796 | ||||||||||||||||||||||||
Less allowance for estimated losses on leases | (2,517,217 | ) | (1,990,395 | ) | |||||||||||||||||||||
$ | 131,198,408 | $ | 105,602,401 | ||||||||||||||||||||||
Past Due Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||
Classes of Loans/Leases | Current | 30-59 Days | 60-89 Days | Accruing Past | Nonaccrual Loans/Leases | Total | |||||||||||||||||||
Past Due | Past Due | Due 90 Days or More | |||||||||||||||||||||||
Commercial and Industrial | $ | 429,557,699 | $ | 199,949 | $ | 185,500 | $ | - | $ | 1,744,981 | $ | 431,688,129 | |||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 258,557,660 | 465,418 | 993,163 | 60,286 | 1,139,385 | 261,215,912 | |||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 56,301,186 | 358,626 | - | - | 1,185,090 | 57,844,902 | |||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 341,743,730 | 476,877 | 151,017 | - | 10,320,491 | 352,692,115 | |||||||||||||||||||
Direct Financing Leases | 126,878,515 | 714,464 | 414,005 | - | 894,458 | 128,901,442 | |||||||||||||||||||
Residential Real Estate | 142,353,936 | 3,088,516 | 275,262 | 20,126 | 1,618,483 | 147,356,323 | |||||||||||||||||||
Installment and Other Consumer | 74,811,489 | 127,082 | 116,468 | 3,762 | 975,009 | 76,033,810 | |||||||||||||||||||
$ | 1,430,204,215 | $ | 5,430,932 | $ | 2,135,415 | $ | 84,174 | $ | 17,877,897 | $ | 1,455,732,633 | ||||||||||||||
As a percentage of total loan/lease portfolio | 98.25 | % | 0.37 | % | 0.15 | % | 0.01 | % | 1.23 | % | 100 | % | |||||||||||||
2012 | |||||||||||||||||||||||||
Classes of Loans/Leases | Current | 30-59 Days | 60-89 Days | Accruing Past | Nonaccrual Loans/Leases | Total | |||||||||||||||||||
Past Due | Past Due | 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] | ' | ||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||
Classes of Loans/Leases | Accruing Past | Nonaccrual Loans/Leases * | Troubled Debt Restructurings - Accruing | Total | Percentage of | ||||||||||||||||||||
Due 90 Days or | Nonperforming Loans/Leases | Total | |||||||||||||||||||||||
More | Nonperforming Loans/Leases | ||||||||||||||||||||||||
Commercial and Industrial | $ | - | $ | 1,744,981 | $ | 878,381 | $ | 2,623,362 | 12.81 | % | |||||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 60,286 | 1,139,385 | - | 1,199,671 | 5.86 | % | |||||||||||||||||||
Commercial Construction, Land Development, and Other Land | - | 1,185,090 | - | 1,185,090 | 5.79 | % | |||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | - | 10,320,491 | 905,205 | 11,225,696 | 54.8 | % | |||||||||||||||||||
Direct Financing Leases | - | 894,458 | - | 894,458 | 4.37 | % | |||||||||||||||||||
Residential Real Estate | 20,126 | 1,618,483 | 371,995 | 2,010,604 | 9.82 | % | |||||||||||||||||||
Installment and Other Consumer | 3,762 | 975,009 | 367,000 | 1,345,771 | 6.57 | % | |||||||||||||||||||
$ | 84,174 | $ | 17,877,897 | $ | 2,522,581 | $ | 20,484,652 | 100 | % | ||||||||||||||||
2012 | |||||||||||||||||||||||||
Classes of Loans/Leases | Accruing Past | Nonaccrual Loans/Leases * | Troubled Debt Restructurings - Accruing | Total | Percentage of | ||||||||||||||||||||
Due 90 Days or | Nonperforming Loans/Leases | Total | |||||||||||||||||||||||
More | 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] | ' | ||||||||||||||||||||||||
Year Ended December 31, 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 | 1,453,455 | 2,635,327 | 1,431,246 | 471,060 | (60,668 | ) | 5,930,420 | ||||||||||||||||||
Loans/leases charged off | (962,607 | ) | (3,573,006 | ) | (916,836 | ) | (162,010 | ) | (229,447 | ) | (5,843,906 | ) | |||||||||||||
Recoveries on loans/leases previously charged off | 626,381 | 573,611 | 12,412 | 16,471 | 207,455 | 1,436,330 | |||||||||||||||||||
Balance, ending | $ | 5,648,774 | $ | 10,705,434 | $ | 2,517,217 | $ | 1,395,849 | $ | 1,180,774 | $ | 21,448,048 | |||||||||||||
Year Ended December 31, 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 | (327,045 | ) | 2,482,327 | 1,313,767 | 370,140 | 531,578 | 4,370,767 | ||||||||||||||||||
Loans/leases charged off | (682,877 | ) | (2,232,004 | ) | (739,755 | ) | (4,758 | ) | (717,035 | ) | (4,376,429 | ) | |||||||||||||
Recoveries on loans/leases previously charged off | 663,461 | 222,221 | 76,887 | - | 179,035 | 1,141,604 | |||||||||||||||||||
Balance, ending | $ | 4,531,545 | $ | 11,069,502 | $ | 1,990,395 | $ | 1,070,328 | $ | 1,263,434 | $ | 19,925,204 | |||||||||||||
Year Ended December 31, 2011 | |||||||||||||||||||||||||
Commercial and Industrial | Commercial Real Estate | Direct Financing Leases | Residential Real Estate | Installment and Other Consumer | Total | ||||||||||||||||||||
Balance, beginning | $ | 7,548,922 | $ | 9,087,315 | $ | 1,530,572 | $ | 748,028 | $ | 1,449,819 | $ | 20,364,656 | |||||||||||||
Provisions charged to expense | 256,945 | 4,759,003 | 907,014 | (4,147 | ) | 697,199 | 6,616,014 | ||||||||||||||||||
Loans/leases charged off | (3,262,742 | ) | (3,590,868 | ) | (1,100,886 | ) | (38,935 | ) | (1,068,320 | ) | (9,061,751 | ) | |||||||||||||
Recoveries on loans/leases previously charged off | 334,881 | 341,508 | 2,796 | - | 191,158 | 870,343 | |||||||||||||||||||
Balance, ending | $ | 4,878,006 | $ | 10,596,958 | $ | 1,339,496 | $ | 704,946 | $ | 1,269,856 | $ | 18,789,262 | |||||||||||||
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 | $ | 927,453 | $ | 3,174,704 | $ | 192,847 | $ | 246,266 | $ | 467,552 | $ | 5,008,822 | |||||||||||||
Allowance for loans/leases collectively evaluated for impairment | 4,721,321 | 7,530,730 | 2,324,370 | 1,149,583 | 713,222 | 16,439,226 | |||||||||||||||||||
$ | 5,648,774 | $ | 10,705,434 | $ | 2,517,217 | $ | 1,395,849 | $ | 1,180,774 | $ | 21,448,048 | ||||||||||||||
Loans/leases individually evaluated for impairment | $ | 1,761,850 | $ | 12,956,915 | $ | 894,458 | $ | 2,116,747 | $ | 1,350,450 | $ | 19,080,420 | |||||||||||||
Loans/leases collectively evaluated for impairment | 429,926,279 | 658,796,014 | 128,006,984 | 145,239,576 | 74,683,360 | 1,436,652,213 | |||||||||||||||||||
$ | 431,688,129 | $ | 671,752,929 | $ | 128,901,442 | $ | 147,356,323 | $ | 76,033,810 | $ | 1,455,732,633 | ||||||||||||||
Allowance as a percentage of loans/leases individually evaluated for impairment | 52.64 | % | 24.5 | % | 21.56 | % | 11.63 | % | 34.62 | % | 26.25 | % | |||||||||||||
Allowance as a percentage of loans/leases collectively evaluated for impairment | 1.1 | % | 1.14 | % | 1.82 | % | 0.79 | % | 0.95 | % | 1.14 | % | |||||||||||||
Total allowance as a percentage of total loans/leaess | 1.31 | % | 1.59 | % | 1.95 | % | 0.95 | % | 1.55 | % | 1.47 | % | |||||||||||||
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 | % | |||||||||||||
Total allowance as a percentage of total loans/leaess | 1.15 | % | 1.86 | % | 1.92 | % | 0.93 | % | 1.65 | % | 1.55 | % | |||||||||||||
Impaired Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||
Classes of Loans/Leases | Recorded Investment | Unpaid | Related | Average | Interest Income Recognized | Interest Income Recognized for Cash Payments Received | |||||||||||||||||||
Principal | Allowance | Recorded Investment | |||||||||||||||||||||||
Balance | |||||||||||||||||||||||||
Impaired Loans/Leases with No Specific Allowance Recorded: | |||||||||||||||||||||||||
Commercial and Industrial | $ | 492,622 | $ | 568,951 | $ | - | $ | 747,134 | $ | 7,749 | $ | 7,749 | |||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 392,542 | 392,542 | - | 1,881,823 | - | - | |||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 1,943,168 | 2,054,368 | - | 2,666,039 | - | - | |||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 1,790,279 | 1,902,279 | - | 3,869,493 | 58,534 | 58,534 | |||||||||||||||||||
Direct Financing Leases | 557,469 | 557,469 | - | 802,825 | - | - | |||||||||||||||||||
Residential Real Estate | 1,071,927 | 1,071,927 | - | 1,010,027 | 4,235 | 4,235 | |||||||||||||||||||
Installment and Other Consumer | 509,667 | 509,667 | - | 606,282 | 4,464 | 4,464 | |||||||||||||||||||
$ | 6,757,674 | $ | 7,057,203 | $ | - | $ | 11,583,623 | $ | 74,982 | $ | 74,982 | ||||||||||||||
Impaired Loans/Leases with Specific Allowance Recorded: | |||||||||||||||||||||||||
Commercial and Industrial | $ | 1,269,228 | $ | 1,956,755 | $ | 927,453 | $ | 1,222,449 | $ | 33,703 | $ | 33,703 | |||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 159,247 | 159,247 | 67,498 | 87,035 | - | - | |||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 888,547 | 1,011,747 | 503,825 | 1,137,489 | 10,862 | 10,862 | |||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 7,783,132 | 8,488,414 | 2,603,381 | 7,426,299 | 45,926 | 45,926 | |||||||||||||||||||
Direct Financing Leases | 336,989 | 336,989 | 192,847 | 97,846 | - | - | |||||||||||||||||||
Residential Real Estate | 1,044,820 | 1,044,820 | 246,266 | 641,217 | 1,883 | 1,883 | |||||||||||||||||||
Installment and Other Consumer | 840,783 | 840,783 | 467,552 | 640,557 | - | - | |||||||||||||||||||
$ | 12,322,746 | $ | 13,838,755 | $ | 5,008,822 | $ | 11,252,892 | $ | 92,374 | $ | 92,374 | ||||||||||||||
Total Impaired Loans/Leases: | |||||||||||||||||||||||||
Commercial and Industrial | $ | 1,761,850 | $ | 2,525,706 | $ | 927,453 | $ | 1,969,583 | $ | 41,452 | $ | 41,452 | |||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 551,789 | 551,789 | 67,498 | 1,968,858 | - | - | |||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 2,831,715 | 3,066,115 | 503,825 | 3,803,528 | 10,862 | 10,862 | |||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 9,573,411 | 10,390,693 | 2,603,381 | 11,295,792 | 104,460 | 104,460 | |||||||||||||||||||
Direct Financing Leases | 894,458 | 894,458 | 192,847 | 900,671 | - | - | |||||||||||||||||||
Residential Real Estate | 2,116,747 | 2,116,747 | 246,266 | 1,651,244 | 6,118 | 6,118 | |||||||||||||||||||
Installment and Other Consumer | 1,350,450 | 1,350,450 | 467,552 | 1,246,839 | 4,464 | 4,464 | |||||||||||||||||||
$ | 19,080,420 | $ | 20,895,958 | $ | 5,008,822 | $ | 22,836,515 | $ | 167,356 | $ | 167,356 | ||||||||||||||
2012 | |||||||||||||||||||||||||
Classes of Loans/Leases | Recorded Investment | Unpaid | Related | Average | Interest Income Recognized | Interest Income Recognized for Cash Payments Received | |||||||||||||||||||
Principal | Allowance | Recorded Investment | |||||||||||||||||||||||
Balance | |||||||||||||||||||||||||
Impaired Loans/Leases with No Specific Allowance Recorded: | |||||||||||||||||||||||||
Commercial and Industrial | $ | 438,355 | $ | 1,203,710 | $ | - | $ | 757,286 | $ | 7,910 | $ | 7,910 | |||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 503,321 | 503,321 | - | 624,766 | - | - | |||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 678,523 | 678,523 | - | 3,359,435 | 3,549 | 3,549 | |||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 495,702 | 495,702 | - | 5,288,820 | 2,017 | 2,017 | |||||||||||||||||||
Direct Financing Leases | 777,645 | 777,645 | - | 871,076 | - | - | |||||||||||||||||||
Residential Real Estate | 944,211 | 1,127,242 | - | 1,050,160 | 6,728 | 6,728 | |||||||||||||||||||
Installment and Other Consumer | 534,368 | 534,368 | - | 815,720 | 629 | 629 | |||||||||||||||||||
$ | 4,372,125 | $ | 5,320,511 | $ | - | $ | 12,767,263 | $ | 20,833 | $ | 20,833 | ||||||||||||||
Impaired Loans/Leases with Specific Allowance Recorded: | |||||||||||||||||||||||||
Commercial and Industrial | $ | 568,597 | $ | 590,849 | $ | 280,170 | $ | 499,036 | $ | - | $ | - | |||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | - | - | - | - | - | - | |||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 3,967,583 | 3,967,583 | 1,105,795 | 2,311,845 | 5,749 | 5,749 | |||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 14,738,717 | 14,991,676 | 2,899,247 | 10,949,295 | 308,339 | 308,339 | |||||||||||||||||||
Direct Financing Leases | 221,157 | 221,157 | 125,000 | 90,610 | - | - | |||||||||||||||||||
Residential Real Estate | 273,045 | 273,045 | 105,565 | 258,677 | - | - | |||||||||||||||||||
Installment and Other Consumer | 152,987 | 152,987 | 71,992 | 101,075 | - | - | |||||||||||||||||||
$ | 19,922,086 | $ | 20,197,297 | $ | 4,587,769 | $ | 14,210,538 | $ | 314,088 | $ | 314,088 | ||||||||||||||
Total Impaired Loans/Leases: | |||||||||||||||||||||||||
Commercial and Industrial | $ | 1,006,952 | $ | 1,794,559 | $ | 280,170 | $ | 1,256,322 | $ | 7,910 | $ | 7,910 | |||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 503,321 | 503,321 | - | 624,766 | - | - | |||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 4,646,106 | 4,646,106 | 1,105,795 | 5,671,280 | 9,298 | 9,298 | |||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 15,234,419 | 15,487,378 | 2,899,247 | 16,238,115 | 310,356 | 310,356 | |||||||||||||||||||
Direct Financing Leases | 998,802 | 998,802 | 125,000 | 961,686 | - | - | |||||||||||||||||||
Residential Real Estate | 1,217,256 | 1,400,287 | 105,565 | 1,308,837 | 6,728 | 6,728 | |||||||||||||||||||
Installment and Other Consumer | 687,355 | 687,355 | 71,992 | 916,795 | 629 | 629 | |||||||||||||||||||
$ | 24,294,211 | $ | 25,517,808 | $ | 4,587,769 | $ | 26,977,801 | $ | 334,921 | $ | 334,921 | ||||||||||||||
2011 | |||||||||||||||||||||||||
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 | $ | 360,947 | $ | 979,901 | $ | - | $ | 3,873,371 | $ | - | $ | - | |||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 736,610 | 736,610 | - | 1,909,754 | - | - | |||||||||||||||||||
Commercial Construction, Land Development, and Other Land | - | - | - | 2,979,950 | - | - | |||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 3,936,826 | 3,986,820 | - | 5,568,776 | - | - | |||||||||||||||||||
Direct Financing Leases | 1,094,178 | 1,094,178 | - | 1,487,570 | 81,921 | 81,921 | |||||||||||||||||||
Residential Real Estate | 788,685 | 862,298 | - | 892,480 | - | - | |||||||||||||||||||
Installment and Other Consumer | 593,987 | 593,987 | - | 821,889 | - | - | |||||||||||||||||||
$ | 7,511,233 | $ | 8,253,794 | $ | - | $ | 17,533,790 | $ | 81,921 | $ | 81,921 | ||||||||||||||
Impaired Loans/Leases with Specific Allowance Recorded: | |||||||||||||||||||||||||
Commercial and Industrial | $ | 1,791,908 | $ | 1,791,908 | $ | 903,187 | $ | 1,175,105 | $ | 36,984 | $ | 36,984 | |||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 217,059 | 217,059 | 47,911 | 121,201 | - | - | |||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 9,051,455 | 9,051,455 | 3,002,450 | 4,334,241 | 16,249 | 16,249 | |||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 10,339,415 | 10,839,415 | 1,247,377 | 5,595,044 | 11,623 | 11,623 | |||||||||||||||||||
Direct Financing Leases | 212,485 | 212,485 | 66,675 | 138,127 | 5,244 | 5,244 | |||||||||||||||||||
Residential Real Estate | 344,789 | 344,789 | 55,884 | 282,020 | - | - | |||||||||||||||||||
Installment and Other Consumer | 390,819 | 390,819 | 22,819 | 51,871 | - | - | |||||||||||||||||||
$ | 22,347,930 | $ | 22,847,930 | $ | 5,346,303 | $ | 11,697,609 | $ | 70,100 | $ | 70,100 | ||||||||||||||
Total Impaired Loans/Leases: | |||||||||||||||||||||||||
Commercial and Industrial | $ | 2,152,855 | $ | 2,771,809 | $ | 903,187 | $ | 5,048,476 | $ | 36,984 | $ | 36,984 | |||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 953,669 | 953,669 | 47,911 | 2,030,955 | - | - | |||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 9,051,455 | 9,051,455 | 3,002,450 | 7,314,191 | 16,249 | 16,249 | |||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 14,276,241 | 14,826,235 | 1,247,377 | 11,163,820 | 11,623 | 11,623 | |||||||||||||||||||
Direct Financing Leases | 1,306,663 | 1,306,663 | 66,675 | 1,625,697 | 87,165 | 87,165 | |||||||||||||||||||
Residential Real Estate | 1,133,474 | 1,207,087 | 55,884 | 1,174,500 | - | - | |||||||||||||||||||
Installment and Other Consumer | 984,806 | 984,806 | 22,819 | 873,760 | - | - | |||||||||||||||||||
$ | 29,859,163 | $ | 31,101,724 | $ | 5,346,303 | $ | 29,231,399 | $ | 152,021 | $ | 152,021 | ||||||||||||||
Financing Receivable Credit Quality Indicators [Table Text Block] | ' | ||||||||||||||||||||||||
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) | $ | 407,294,743 | $ | 250,028,731 | $ | 51,868,919 | $ | 326,168,882 | $ | 1,035,361,275 | |||||||||||||||
Special Mention (Rating 6) | 11,355,713 | 8,318,232 | 1,588,086 | 3,310,017 | 24,572,048 | ||||||||||||||||||||
Substandard (Rating 7) | 13,037,673 | 2,868,949 | 4,387,897 | 23,213,216 | 43,507,735 | ||||||||||||||||||||
Doubtful (Rating 8) | - | - | - | - | - | ||||||||||||||||||||
$ | 431,688,129 | $ | 261,215,912 | $ | 57,844,902 | $ | 352,692,115 | $ | 1,103,441,058 | ||||||||||||||||
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] | ' | ||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||
Delinquency Status * | Direct Financing Leases | Residential Real Estate | Installment and Other Consumer | Total | |||||||||||||||||||||
Performing | $ | 128,006,984 | $ | 145,345,719 | $ | 74,688,039 | $ | 348,040,742 | |||||||||||||||||
Nonperforming | 894,458 | 2,010,604 | 1,345,771 | 4,250,833 | |||||||||||||||||||||
$ | 128,901,442 | $ | 147,356,323 | $ | 76,033,810 | $ | 352,291,575 | ||||||||||||||||||
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 | ||||||||||||||||||
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||
Classes of Loans/Leases | 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 | $ | 182,498 | ||||||||||||||||||
Owner-Occupied Commercial Real Estate | 1 | 61,517 | 61,517 | 10,260 | |||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate * | 8 | 6,637,835 | 6,637,835 | 1,535,154 | |||||||||||||||||||||
12 | $ | 7,508,846 | $ | 7,508,846 | $ | 1,727,912 | |||||||||||||||||||
CONCESSION - Significant payment delay | |||||||||||||||||||||||||
Residential Real Estate | 1 | $ | 91,581 | $ | 91,581 | $ | - | ||||||||||||||||||
Installment and Other Consumer | 1 | 370,000 | 370,000 | 300 | |||||||||||||||||||||
2 | $ | 461,581 | $ | 461,581 | $ | 300 | |||||||||||||||||||
CONCESSION - Interest rate adjusted below market | |||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 1 | $ | 337,500 | $ | 337,500 | $ | - | ||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate ** | 1 | - | - | 4,837 | |||||||||||||||||||||
Residential Real Estate | 3 | 394,838 | 394,838 | 108,121 | |||||||||||||||||||||
5 | $ | 732,338 | $ | 732,338 | $ | 112,958 | |||||||||||||||||||
TOTAL | 19 | $ | 8,702,765 | $ | 8,702,765 | $ | 1,841,170 | ||||||||||||||||||
2012 | |||||||||||||||||||||||||
Classes of Loans/Leases | Number of Loans/Leases | Pre-Modification Recorded Investment | Post-Modification Recorded Investment | Specific Allowance | |||||||||||||||||||||
CONCESSION - Extension of maturity | |||||||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 1 | $ | 733,442 | $ | 733,442 | $ | 176,526 | ||||||||||||||||||
CONCESSION - Significant payment delay | |||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 8 | $ | 1,274,172 | $ | 1,274,172 | $ | 190,997 | ||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 2 | 264,173 | 264,173 | 36,724 | |||||||||||||||||||||
Residential Real Estate | 1 | 64,722 | 64,722 | - | |||||||||||||||||||||
Installment and Other Consumer | 2 | 35,318 | 35,318 | 5,332 | |||||||||||||||||||||
13 | $ | 1,638,385 | $ | 1,638,385 | $ | 233,053 | |||||||||||||||||||
CONCESSION - Interest rate adjusted below market | |||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 1 | $ | 337,500 | $ | 337,500 | $ | 55,295 | ||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 2 | 1,542,784 | 1,289,825 | 262,704 | |||||||||||||||||||||
Residential Real Estate | 1 | 167,739 | 167,739 | - | |||||||||||||||||||||
Installment and Other Consumer | 1 | 16,043 | 16,043 | - | |||||||||||||||||||||
5 | $ | 2,064,066 | $ | 1,811,107 | $ | 317,999 | |||||||||||||||||||
TOTAL | 19 | $ | 4,435,893 | $ | 4,182,934 | $ | 727,578 | ||||||||||||||||||
Schedule of Related Party Transactions [Table Text Block] | ' | ||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Balance, beginning | $ | 20,502,058 | $ | 19,155,542 | $ | 20,796,427 | |||||||||||||||||||
Net increase (decrease) due to change in related parties | 17,124,702 | 2,784,143 | (235,000 | ) | |||||||||||||||||||||
Advances | 6,213,381 | 6,754,970 | 10,674,567 | ||||||||||||||||||||||
Repayments | (4,647,175 | ) | (8,192,597 | ) | (12,080,452 | ) | |||||||||||||||||||
Balance, ending | $ | 39,192,966 | $ | 20,502,058 | $ | 19,155,542 | |||||||||||||||||||
Schedule of Loan Concentration by Industry Segment [Table Text Block] | ' | ||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
Industry Name | Balance | Percentage of Total Loans/Leases | Balance | Percentage of Total Loans/Leases | |||||||||||||||||||||
Lessors of Non-Residential Buildings | $ | 237,049,149 | 16 | % | $ | 178,060,120 | 14 | % | |||||||||||||||||
Lessors of Residential Buildings | 69,087,354 | 5 | % | 61,459,574 | 5 | % | |||||||||||||||||||
Bank Holding Companies | 56,716,875 | 4 | % | 47,662,055 | 4 | % |
Note_5_Premises_and_Equipment_
Note 5 - Premises and Equipment (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Property, Plant and Equipment [Abstract] | ' | ||||||||
Property, Plant and Equipment [Table Text Block] | ' | ||||||||
2013 | 2012 | ||||||||
Land | $ | 7,287,656 | $ | 5,583,180 | |||||
Buildings (useful lives 15 to 50 years) | 31,290,618 | 28,368,503 | |||||||
Furniture and equipment (useful lives 3 to 10 years) | 21,882,303 | 20,069,281 | |||||||
60,460,577 | 54,020,964 | ||||||||
Less accumulated depreciation | 23,705,213 | 22,758,574 | |||||||
$ | 36,755,364 | $ | 31,262,390 | ||||||
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] | ' | ||||||||
Year ending December 31: | |||||||||
2014 | $ | 358,362 | |||||||
2015 | 233,188 | ||||||||
2016 | 239,241 | ||||||||
2017 | 241,116 | ||||||||
2018 | 194,016 | ||||||||
Thereafter | 162,792 | ||||||||
$ | 1,428,715 |
Note_6_Deposits_Tables
Note 6 - Deposits (Tables) | 12 Months Ended | |||||
Dec. 31, 2013 | ||||||
Disclosure Text Block [Abstract] | ' | |||||
Schedule of Maturities of Certificates of Deposit [Table Text Block] | ' | |||||
Year ending December 31: | ||||||
2014 | $ | 300,290,809 | ||||
2015 | 59,280,188 | |||||
2016 | 16,177,554 | |||||
2017 | 6,607,701 | |||||
2018 | 6,425,639 | |||||
Thereafter | 2,000,000 | |||||
$ | 390,781,891 |
Note_7_ShortTerm_Borrowings_Ta
Note 7 - Short-Term Borrowings (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Disclosure Text Block [Abstract] | ' | ||||||||
Schedule of Short-term Debt [Table Text Block] | ' | ||||||||
2013 | 2012 | ||||||||
Overnight repurchase agreements with customers | $ | 98,822,967 | $ | 104,942,961 | |||||
Federal funds purchased | 50,470,000 | 66,140,000 | |||||||
$ | 149,292,967 | $ | 171,082,961 | ||||||
Schedule of Repurchase Agreements [Table Text Block] | ' | ||||||||
2013 | 2012 | ||||||||
Average daily balance during the period | $ | 123,543,416 | $ | 111,782,307 | |||||
Average daily interest rate during the period | 0.12 | % | 0.13 | % | |||||
Maximum month-end balance during the period | $ | 146,075,177 | $ | 141,890,506 | |||||
Weighted average rate as of end of period | 0.13 | % | 0.11 | % | |||||
Securities underlying the agreements as of end of period: | |||||||||
Carrying value | $ | 143,262,002 | $ | 160,950,808 | |||||
Fair value | 143,262,002 | 160,950,808 | |||||||
2013 | 2012 | ||||||||
Average daily balance during the period | $ | 41,156,729 | $ | 52,379,823 | |||||
Average daily interest rate during the period | 0.4 | % | 0.27 | % | |||||
Maximum month-end balance during the period | $ | 95,380,000 | $ | 80,150,000 | |||||
Weighted average rate as of end of period | 0.28 | % | 0.26 | % |
Note_8_Federal_Home_Loan_Bank_1
Note 8 - Federal Home Loan Bank Advances (Tables) | 12 Months Ended | ||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||||||||
Schedule of Long-term Debt Instruments [Table Text Block] | ' | ||||||||||||||||||
31-Dec-13 | |||||||||||||||||||
Amount Due | Weighted | Amount Due | Weighted | ||||||||||||||||
Average | with | Average | |||||||||||||||||
Interest Rate | Putable Option * | Interest Rate | |||||||||||||||||
at Year-End | at Year-End | ||||||||||||||||||
Maturity: | |||||||||||||||||||
Year ending December 31: | |||||||||||||||||||
2014 | $ | 75,850,000 | 1.32 | % | $ | - | - | % | |||||||||||
2015 | 21,000,000 | 2.26 | - | - | |||||||||||||||
2016 | 42,500,000 | 3.96 | 32,500,000 | 4.56 | |||||||||||||||
2017 | 31,000,000 | 3.75 | 15,000,000 | 4.42 | |||||||||||||||
2018 | 41,000,000 | 3.58 | 5,000,000 | 2.84 | |||||||||||||||
Thereafter | 20,000,000 | 4.12 | - | - | |||||||||||||||
Total FHLB advances | $ | 231,350,000 | 2.86 | $ | 52,500,000 | 4.36 | |||||||||||||
31-Dec-12 | |||||||||||||||||||
Amount Due | Weighted | Amount Due | Weighted | ||||||||||||||||
Average | with | Average | |||||||||||||||||
Interest Rate | Putable Option * | Interest Rate | |||||||||||||||||
at Year-End | at Year-End | ||||||||||||||||||
Maturity: | |||||||||||||||||||
Year ending December 31: | |||||||||||||||||||
2013 | $ | 24,000,000 | 1.5 | % | $ | - | - | % | |||||||||||
2014 | 27,850,000 | 3.16 | - | - | |||||||||||||||
2015 | 16,000,000 | 2.84 | - | - | |||||||||||||||
2016 | 57,500,000 | 4.19 | 47,500,000 | 4.64 | |||||||||||||||
2017 | 36,000,000 | 3.89 | 20,000,000 | 4.51 | |||||||||||||||
Thereafter | 41,000,000 | 3.58 | 33,000,000 | 3.64 | |||||||||||||||
Total FHLB advances | $ | 202,350,000 | 3.45 | $ | 100,500,000 | 4.29 |
Note_9_Other_Borrowings_and_Un1
Note 9 - Other Borrowings and Unused Lines of Credit (Tables) | 12 Months Ended | ||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||
Debt Disclosure [Abstract] | ' | ||||||||||||||||||
Schedule of Debt [Table Text Block] | ' | ||||||||||||||||||
2013 | 2012 | ||||||||||||||||||
Wholesale repurchase agreements | $ | 130,000,000 | $ | 130,000,000 | |||||||||||||||
Term note | 9,800,000 | - | |||||||||||||||||
364-day revolving note | - | 5,600,000 | |||||||||||||||||
Series A subordinated notes | 2,648,362 | 2,639,762 | |||||||||||||||||
$ | 142,448,362 | $ | 138,239,762 | ||||||||||||||||
Schedule of Wholesale Repurchase Agreements [Table Text Block] | ' | ||||||||||||||||||
31-Dec-13 | 31-Dec-12 | ||||||||||||||||||
Amount Due | Weighted | Amount Due | Weighted | ||||||||||||||||
Average | Average | ||||||||||||||||||
Interest Rate | Interest Rate | ||||||||||||||||||
at Year-End | at Year-End | ||||||||||||||||||
Maturity: | |||||||||||||||||||
Year ending December 31: | |||||||||||||||||||
2015 | $ | 5,000,000 | 2.77 | % | $ | 35,000,000 | 3 | % | |||||||||||
2016 | - | 0 | 20,000,000 | 3.46 | |||||||||||||||
2017 | 10,000,000 | 3 | 10,000,000 | 3 | |||||||||||||||
Thereafter | 115,000,000 | 3.25 | 65,000,000 | 3.71 | |||||||||||||||
Total Wholesale Structured Repurchase Agreements | $ | 130,000,000 | 3.21 | $ | 130,000,000 | 3.43 | |||||||||||||
Schedule of Unused Lines of Credit [Table Text Block] | ' | ||||||||||||||||||
2013 | 2012 | ||||||||||||||||||
Secured | $ | 26,791,107 | $ | 52,703,791 | |||||||||||||||
Unsecured | 324,500,000 | 259,000,000 | |||||||||||||||||
$ | 351,291,107 | $ | 311,703,791 |
Note_10_Junior_Subordinate_Deb1
Note 10 - Junior Subordinate Debentures (Tables) | 12 Months Ended | |||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||
Subordinated Borrowings [Abstract] | ' | |||||||||||||||||
Schedule of Subordinated Borrowing [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 (see Note 2) | (2,497,170 | ) | - | |||||||||||||||
$ | 40,289,830 | $ | 36,085,000 | |||||||||||||||
Investments in and Advances to Affiliates [Table Text Block] | ' | |||||||||||||||||
Name | Date Issued | Amount Issued | Interest Rate | Interest Rate as of 12/31/2013 | Interest Rate as of 12/31/2012 | |||||||||||||
QCR Holdings Statutory Trust II | Feb-04 | $ | 12,372,000 | 2.85 | % over 3-month LIBOR | 3.1 | % | 3.21 | % | |||||||||
QCR Holdings Statutory Trust III | Feb-04 | 8,248,000 | 2.85 | % over 3-month LIBOR | 3.1 | % | 3.21 | % | ||||||||||
QCR Holdings Statutory Trust IV | May-05 | 5,155,000 | 1.8 | % over 3-month LIBOR | 2.04 | % | 2.14 | % | ||||||||||
QCR Holdings Statutory Trust V | Feb-06 | 10,310,000 | 1.55 | % over 3-month LIBOR | 1.79 | % | 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 | 1.99 | % | N/A | |||||||||||
$ | 42,787,000 | Weighted Average Rate | 2.51 | % | 2.68 | % |
Note_11_Preferred_Stock_Tables
Note 11 - Preferred Stock (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Disclosure Text Block Supplement [Abstract] | ' | ||||||||
Schedule of Stockholders Equity [Table Text Block] | ' | ||||||||
2013 | 2012 | ||||||||
Series E Non-Cumulative Convertible Perpetual Preferred Stock | $ | - | $ | 25,000 | |||||
Series F Non-Cumulative Perpetual Preferred Stock | 29,867 | 29,867 | |||||||
$ | 29,867 | $ | 54,867 |
Note_12_Federal_and_State_Inco1
Note 12 - Federal and State Income Taxes (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||||||||||||||
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | ' | ||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Current | $ | 5,639,933 | $ | 2,232,183 | $ | 195,135 | |||||||||||||||||||
Deferred | (1,021,991 | ) | 2,302,418 | 3,673,064 | |||||||||||||||||||||
$ | 4,617,942 | $ | 4,534,601 | $ | 3,868,199 | ||||||||||||||||||||
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | ' | ||||||||||||||||||||||||
Years Ended December 31, | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Amount | % of | Amount | % of | Amount | % of | ||||||||||||||||||||
Pretax | Pretax | Pretax | |||||||||||||||||||||||
Income | Income | Income | |||||||||||||||||||||||
Computed "expected" tax expense | $ | 6,844,665 | 35 | % | $ | 6,174,295 | 35 | % | $ | 4,899,324 | 35 | % | |||||||||||||
Effect of graduated tax rates interest | (123,868 | ) | (0.6 | ) | (20,775 | ) | (0.1 | ) | (139,981 | ) | (1.0 | ) | |||||||||||||
Tax exempt income, net | (1,790,049 | ) | (9.2 | ) | (1,243,660 | ) | (7.0 | ) | (692,742 | ) | (4.9 | ) | |||||||||||||
Bank-owned life insurance | (624,847 | ) | (3.2 | ) | (544,292 | ) | (3.1 | ) | (490,491 | ) | (3.5 | ) | |||||||||||||
State income taxes, net of federal benefit, current year | 758,695 | 3.9 | 730,865 | 4.1 | 533,250 | 3.8 | |||||||||||||||||||
Change in unrecognized tax benefits | 37,180 | 0.2 | (149,183 | ) | (0.8 | ) | 2,074 | - | |||||||||||||||||
Acquisition costs | 248,952 | 1.3 | - | - | - | - | |||||||||||||||||||
Noncontrolling interests | - | - | (166,081 | ) | (0.9 | ) | (148,995 | ) | (1.1 | ) | |||||||||||||||
Other | (732,786 | ) | (3.8 | ) | (246,568 | ) | (1.5 | ) | (94,240 | ) | (0.7 | ) | |||||||||||||
$ | 4,617,942 | 23.6 | % | $ | 4,534,601 | 25.7 | % | $ | 3,868,199 | 27.6 | % | ||||||||||||||
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] | ' | ||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
Balance, beginning | $ | 994,078 | $ | 1,148,549 | |||||||||||||||||||||
Impact of tax positions taken during current year | 288,016 | 202,341 | |||||||||||||||||||||||
Gross increase related to tax positions of prior years | 16,939 | 21,781 | |||||||||||||||||||||||
Reduction as a result of a lapse of the applicable statute of limitations | (241,014 | ) | (378,593 | ) | |||||||||||||||||||||
Balance, ending | $ | 1,058,019 | $ | 994,078 | |||||||||||||||||||||
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | ' | ||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
Deferred tax assets: | |||||||||||||||||||||||||
Alternative minimum tax credits | $ | 3,936,226 | $ | 2,717,333 | |||||||||||||||||||||
New markets tax credits | 1,500,000 | 1,000,000 | |||||||||||||||||||||||
Net unrealized losses on securities available for sale | 8,468,118 | - | |||||||||||||||||||||||
Compensation | 7,056,579 | 5,748,551 | |||||||||||||||||||||||
Loan/lease losses | 6,890,532 | 6,041,379 | |||||||||||||||||||||||
Net operating loss carryforwards, federal and state | 2,914,140 | 897,910 | |||||||||||||||||||||||
Deferred loan origination fees, net | 143,949 | 299,670 | |||||||||||||||||||||||
Other | 410,640 | 469,673 | |||||||||||||||||||||||
31,320,184 | 17,174,516 | ||||||||||||||||||||||||
Deferred tax liabilities: | |||||||||||||||||||||||||
Net unrealized gains on securities available for sale | - | 2,905,784 | |||||||||||||||||||||||
Premises and equipment | 1,575,582 | 1,601,682 | |||||||||||||||||||||||
Equipment financing leases | 23,191,514 | 20,013,576 | |||||||||||||||||||||||
Acquisition fair value adjustments | 1,319,981 | - | |||||||||||||||||||||||
Investment accretion | 45,463 | 45,363 | |||||||||||||||||||||||
Other | 551,080 | 367,440 | |||||||||||||||||||||||
26,683,620 | 24,933,845 | ||||||||||||||||||||||||
Net deferred tax asset (liability) | $ | 4,636,564 | $ | (7,759,329 | ) | ||||||||||||||||||||
Deferred Taxes in Financial Statements [Table Text Block] | ' | ||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Provision for income taxes | $ | (1,021,991 | ) | $ | 2,302,418 | $ | 3,673,064 | ||||||||||||||||||
Statement of stockholders' equity- accumulated other comprehensive income (loss), unrealized gains (losses) on securities available for sale, net | (11,373,902 | ) | (35,008 | ) | 2,510,006 | ||||||||||||||||||||
$ | (12,395,893 | ) | $ | 2,267,410 | $ | 6,183,070 |
Note_13_Employee_Benefit_Plans1
Note 13 - Employee Benefit Plans (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Compensation and Retirement Disclosure [Abstract] | ' | ||||||||||||
Deferred Compensation Arrangement with Individual Disclosure, Postretirement Benefits [Table Text Block] | ' | ||||||||||||
2013 | 2012 | 2011 | |||||||||||
Matching contribution | $ | 1,046,526 | $ | 1,014,418 | $ | 929,869 | |||||||
Discretionary contribution | 186,000 | 188,700 | 150,000 | ||||||||||
$ | 1,232,526 | $ | 1,203,118 | $ | 1,079,869 | ||||||||
Schedule of Changes in Projected Benefit Obligations [Table Text Block] | ' | ||||||||||||
2013 | 2012 | 2011 | |||||||||||
Balance, beginning | $ | 5,151,630 | $ | 4,202,733 | $ | 3,469,525 | |||||||
Company expense | 557,663 | 555,407 | 414,478 | ||||||||||
Employee deferrals | 525,469 | 405,788 | 381,616 | ||||||||||
Cash payments made | (10,394 | ) | (12,298 | ) | (62,886 | ) | |||||||
Balance, ending | $ | 6,224,368 | $ | 5,151,630 | $ | 4,202,733 |
Note_14_StockBased_Compensatio1
Note 14 - Stock-Based Compensation (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||||||||||||||
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block] | ' | ||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Stock option and incentive plans | $ | 734,827 | $ | 798,929 | $ | 587,900 | |||||||||||||||||||
Stock purchase plan | 57,452 | 50,831 | 58,519 | ||||||||||||||||||||||
Stock appreciation rights | - | - | 49,988 | ||||||||||||||||||||||
$ | 792,279 | $ | 849,760 | $ | 696,407 | ||||||||||||||||||||
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | ' | ||||||||||||||||||||||||
December 31, | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Shares | Weighted | Shares | Weighted | Shares | Weighted | ||||||||||||||||||||
Average | Average | Average | |||||||||||||||||||||||
Exercise | Exercise | Exercise | |||||||||||||||||||||||
Price | Price | Price | |||||||||||||||||||||||
Outstanding, beginning | 608,852 | $ | 13.27 | 535,130 | $ | 13.85 | 510,612 | $ | 14.04 | ||||||||||||||||
Granted | 96,232 | 15.68 | 102,722 | 9.3 | 73,250 | 8.23 | |||||||||||||||||||
Exercised | (41,258 | ) | 10.06 | (17,876 | ) | 9.68 | (36,459 | ) | 8.3 | ||||||||||||||||
Forfeited | (1,320 | ) | 10.53 | (11,124 | ) | 10.57 | (12,273 | ) | 8.28 | ||||||||||||||||
Outstanding, ending | 662,506 | 13.82 | 608,852 | 13.27 | 535,130 | 13.85 | |||||||||||||||||||
Exercisable, ending | 419,735 | 391,378 | 355,398 | ||||||||||||||||||||||
Weighted average fair value per option of options granted during the period | $ | 5.14 | $ | 2.79 | $ | 2.74 | |||||||||||||||||||
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block] | ' | ||||||||||||||||||||||||
Options Outstanding | |||||||||||||||||||||||||
Weighted | Options Exercisable | ||||||||||||||||||||||||
Range of | Number | Average | Weighted | Number | Weighted | ||||||||||||||||||||
Exercise Prices | Outstanding | Remaining | Average | Exercisable | Average | ||||||||||||||||||||
Contractual | Exercise | Exercise | |||||||||||||||||||||||
Life | Price | Price | |||||||||||||||||||||||
$7.72 | to | $8.93 | 58,510 | 6.91 | $ | 8.12 | 22,520 | $ | 8.21 | ||||||||||||||||
$9.00 | to | $11.64 | 212,004 | 6.82 | 9.21 | 101,355 | 9.19 | ||||||||||||||||||
$13.25 | to | $16.85 | 243,567 | 5.9 | 15.85 | 149,435 | 15.99 | ||||||||||||||||||
$17.00 | to | $18.60 | 51,840 | 2.05 | 18.05 | 49,840 | 18.06 | ||||||||||||||||||
$18.67 | to | $20.90 | 67,885 | 1.16 | 19.48 | 67,885 | 19.48 | ||||||||||||||||||
$21.00 | to | $22.00 | 28,700 | 1.16 | 21.28 | 28,700 | 21.28 | ||||||||||||||||||
662,506 | 419,735 | ||||||||||||||||||||||||
Schedule of Share-based Compensation, Employee Stock Purchase Plan, Activity [Table Text Block] | ' | ||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Shares granted | 27,415 | 29,671 | 34,860 | ||||||||||||||||||||||
Shares purchased | 27,110 | 31,554 | 36,174 | ||||||||||||||||||||||
Weighted average fair value per share granted | $ | 2.1 | $ | 1.71 | $ | 1.68 |
Note_15_Regulatory_Capital_Req1
Note 15 - Regulatory Capital Requirements and Restrictions on Dividends (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||||||||||||||
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block] | ' | ||||||||||||||||||||||||
Actual | For Capital | To Be Well | |||||||||||||||||||||||
Adequacy Purposes | Capitalized Under | ||||||||||||||||||||||||
Prompt Corrective | |||||||||||||||||||||||||
Action Provisions | |||||||||||||||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||||||||||
As of December 31, 2013: | |||||||||||||||||||||||||
Company: | |||||||||||||||||||||||||
Total risk-based capital | $ | 217,011 | 12.87 | % | $ | 134,935 | > | 8 | % | N/A | N/A | ||||||||||||||
Tier 1 risk-based capital | 193,044 | 11.45 | % | 67,468 | > | 4 | % | N/A | N/A | ||||||||||||||||
Tier 1 leverage | 193,044 | 7.96 | % | 97,029 | > | 4 | % | N/A | N/A | ||||||||||||||||
Quad City Bank & Trust: | |||||||||||||||||||||||||
Total risk-based capital | $ | 101,168 | 12.25 | % | $ | 66,049 | > | 8 | % | $ | 82,562 | > | 10 | % | |||||||||||
Tier 1 risk-based capital | 91,820 | 11.12 | % | 33,025 | > | 4 | 49,537 | > | 6 | % | |||||||||||||||
Tier 1 leverage | 91,820 | 7.13 | % | 51,527 | > | 4 | 64,408 | > | 5 | % | |||||||||||||||
Cedar Rapids Bank & Trust: | |||||||||||||||||||||||||
Total risk-based capital | $ | 74,912 | 12.54 | % | $ | 47,808 | > | 8 | % | $ | 59,760 | > | 10 | % | |||||||||||
Tier 1 risk-based capital | 67,432 | 11.28 | % | 23,904 | > | 4 | 35,856 | > | 6 | % | |||||||||||||||
Tier 1 leverage | 67,432 | 8.78 | % | 30,736 | > | 4 | 38,420 | > | 5 | % | |||||||||||||||
Rockford Bank & Trust: | |||||||||||||||||||||||||
Total risk-based capital | $ | 38,778 | 14.59 | % | $ | 21,263 | > | 8 | % | $ | 26,579 | > | 10 | % | |||||||||||
Tier 1 risk-based capital | 35,449 | 13.34 | % | 10,631 | > | 4 | 15,947 | > | 6 | % | |||||||||||||||
Tier 1 leverage | 35,449 | 10.54 | % | 13,459 | > | 4 | 16,824 | > | 5 | % | |||||||||||||||
Actual | For Capital | To Be Well | |||||||||||||||||||||||
Adequacy Purposes | Capitalized Under | ||||||||||||||||||||||||
Prompt Corrective | |||||||||||||||||||||||||
Action Provisions | |||||||||||||||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||||||||||
As of December 31, 2012: | |||||||||||||||||||||||||
Company: | |||||||||||||||||||||||||
Total risk-based capital | $ | 188,841 | 12.71 | % | $ | 118,878 | > | 8 | % | N/A | N/A | ||||||||||||||
Tier 1 risk-based capital | 167,475 | 11.27 | % | 59,439 | > | 4 | % | N/A | N/A | ||||||||||||||||
Tier 1 leverage | 167,475 | 8.13 | % | 82,357 | > | 4 | % | N/A | N/A | ||||||||||||||||
Quad City Bank & Trust: | |||||||||||||||||||||||||
Total risk-based capital | $ | 98,789 | 12.12 | % | $ | 65,218 | > | 8 | % | $ | 81,522 | > | 10 | % | |||||||||||
Tier 1 risk-based capital | 90,533 | 11.11 | % | 32,609 | > | 4 | 48,913 | > | 6 | % | |||||||||||||||
Tier 1 leverage | 90,533 | 7.74 | % | 46,784 | > | 4 | 58,480 | > | 5 | % | |||||||||||||||
Cedar Rapids Bank & Trust: | |||||||||||||||||||||||||
Total risk-based capital | $ | 55,736 | 12.87 | % | $ | 34,652 | > | 8 | % | $ | 43,315 | > | 10 | % | |||||||||||
Tier 1 risk-based capital | 50,297 | 11.61 | % | 17,326 | > | 4 | 25,989 | > | 6 | % | |||||||||||||||
Tier 1 leverage | 50,297 | 8.49 | % | 23,685 | > | 4 | 29,606 | > | 5 | % | |||||||||||||||
Rockford Bank & Trust: | |||||||||||||||||||||||||
Total risk-based capital | $ | 36,894 | 15.33 | % | $ | 19,255 | > | 8 | % | $ | 24,609 | > | 10 | % | |||||||||||
Tier 1 risk-based capital | 33,870 | 14.07 | % | 9,628 | > | 4 | 14,441 | > | 6 | % | |||||||||||||||
Tier 1 leverage | 33,870 | 11.13 | % | 12,177 | > | 4 | 15,221 | > | 5 | % |
Note_16_Earnings_Per_Common_Sh1
Note 16 - Earnings Per Common Share (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | ' | ||||||||||||
2013 | 2012 | 2011 | |||||||||||
Net income | $ | 14,938,245 | $ | 13,106,240 | $ | 10,129,869 | |||||||
Less: Net income attributable to noncontrolling interests | - | 488,473 | 438,221 | ||||||||||
Net income attributable to QCR Holdings, Inc. | $ | 14,938,245 | $ | 12,617,767 | $ | 9,691,648 | |||||||
Less: Preferred stock dividends and discount accretion | 3,168,302 | 3,496,085 | 5,283,885 | * | |||||||||
Net income attributable to QCR Holdings, Inc. common stockholders | $ | 11,769,943 | $ | 9,121,682 | $ | 4,407,763 | |||||||
Earnings per common share attributable to QCR Holdings, Inc. common stockholders | |||||||||||||
Basic | $ | 2.13 | $ | 1.88 | $ | 0.93 | |||||||
Diluted | $ | 2.08 | $ | 1.85 | $ | 0.92 | |||||||
Weighted average common shares outstanding | 5,531,948 | 4,844,776 | 4,724,781 | ||||||||||
Weighted average common shares issuable upon exercise of stock options and under the employee stock purchase plan ** | 114,978 | 74,783 | 64,245 | ||||||||||
Weighted average common and common equivalent shares outstanding | 5,646,926 | 4,919,559 | 4,789,026 |
Note_18_Quarterly_Results_of_O1
Note 18 - Quarterly Results of Operations (Unaudited) (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||||||
Schedule of Quarterly Financial Information [Table Text Block] | ' | ||||||||||||||||
Year Ended December 31, 2013 | |||||||||||||||||
March | June | September | December | ||||||||||||||
2013 | 2013 | 2013 | 2013 | ||||||||||||||
Total interest income | $ | 18,537,482 | $ | 20,139,401 | $ | 21,996,243 | $ | 21,198,832 | |||||||||
Total interest expense | 4,346,165 | 4,431,349 | 4,685,907 | 4,303,100 | |||||||||||||
Net interest income | 14,191,317 | 15,708,052 | 17,310,336 | 16,895,732 | |||||||||||||
Provision for loan/lease losses | 1,057,782 | 1,520,137 | 1,366,984 | 1,985,517 | |||||||||||||
Noninterest income | 5,204,029 | 6,948,756 | 5,934,653 | 7,726,390 | |||||||||||||
Noninterest expense | 13,958,500 | 15,234,349 | 17,027,268 | 18,212,541 | |||||||||||||
Income before taxes | 4,379,064 | 5,902,322 | 4,850,737 | 4,424,064 | |||||||||||||
Federal and state income tax expense | 1,113,920 | 1,857,091 | 1,038,793 | 608,138 | |||||||||||||
Net income and net income attributable to QCR Holdings, Inc. | $ | 3,265,144 | $ | 4,045,231 | $ | 3,811,944 | $ | 3,815,926 | |||||||||
Earnings per common share: | |||||||||||||||||
Basic | $ | 0.5 | $ | 0.6 | $ | 0.52 | $ | 0.51 | |||||||||
Diluted | $ | 0.49 | $ | 0.59 | $ | 0.51 | $ | 0.5 | |||||||||
Year Ended December 31, 2012 | |||||||||||||||||
March | June | September | December | ||||||||||||||
2012 | 2012 | 2012 | 2012 | ||||||||||||||
Total interest income | $ | 19,373,804 | $ | 19,534,528 | $ | 19,487,525 | $ | 18,980,016 | |||||||||
Total interest expense | 5,170,351 | 5,019,035 | 4,858,007 | 4,679,220 | |||||||||||||
Net interest income | 14,203,453 | 14,515,493 | 14,629,518 | 14,300,796 | |||||||||||||
Provision for loan/lease losses | 780,446 | 1,048,469 | 1,496,194 | 1,045,658 | |||||||||||||
Noninterest income | 3,956,878 | 4,067,509 | 4,117,182 | 4,479,726 | |||||||||||||
Noninterest expense | 12,738,080 | 13,109,083 | 13,031,517 | 13,380,267 | |||||||||||||
Income before taxes | 4,641,805 | 4,425,450 | 4,218,989 | 4,354,597 | |||||||||||||
Federal and state income tax expense | 1,238,956 | 1,152,071 | 1,034,479 | 1,109,095 | |||||||||||||
Net income | $ | 3,402,849 | $ | 3,273,379 | $ | 3,184,510 | $ | 3,245,502 | |||||||||
Less net income attributable to noncontrolling interests | 166,031 | 201,223 | 127,177 | (5,958 | ) | ||||||||||||
Net income attributable to QCR Holdings, Inc. | $ | 3,236,818 | $ | 3,072,156 | $ | 3,057,333 | $ | 3,251,460 | |||||||||
Earnings per common share: | |||||||||||||||||
Basic | $ | 0.48 | $ | 0.44 | $ | 0.45 | $ | 0.5 | |||||||||
Diluted | $ | 0.48 | $ | 0.44 | $ | 0.44 | $ | 0.49 |
Note_19_Parent_Company_Only_Fi1
Note 19 - Parent Company Only Financial Statements (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | ' | ||||||||||||
Condensed Balance Sheet [Table Text Block] | ' | ||||||||||||
2013 | 2012 | ||||||||||||
Assets | |||||||||||||
Cash and due from banks | $ | 7,212,584 | $ | 1,072,434 | |||||||||
Interest-bearing deposits at financial institutions | 187,401 | 185,113 | |||||||||||
Securities available for sale, at fair value | 1,644,663 | 1,406,876 | |||||||||||
Investment in bank subsidiaries | 187,410,269 | 182,465,733 | |||||||||||
Investment in nonbank subsidiaries | 1,396,632 | 1,202,791 | |||||||||||
Premises and equipment, net | 3,243,575 | 3,318,757 | |||||||||||
Other assets | 8,709,546 | 7,720,933 | |||||||||||
Total assets | $ | 209,804,670 | $ | 197,372,637 | |||||||||
Liabilities and Stockholders' Equity | |||||||||||||
Liabilities: | |||||||||||||
Other borrowings | $ | 14,104,323 | $ | 10,077,769 | |||||||||
Junior subordinated debentures | 40,289,830 | 36,085,000 | |||||||||||
Other liabilities | 7,833,737 | 10,776,047 | |||||||||||
Total liabilities | 62,227,890 | 56,938,816 | |||||||||||
Stockholders' Equity: | |||||||||||||
Preferred stock | 29,867 | 54,867 | |||||||||||
Common stock | 8,005,708 | 5,039,448 | |||||||||||
Additional paid-in capital | 90,154,528 | 78,912,791 | |||||||||||
Retained earnings | 64,637,173 | 53,326,542 | |||||||||||
Accumulated other comprehensive income (loss) | (13,643,986 | ) | 4,706,683 | ||||||||||
Treasury stock | (1,606,510 | ) | (1,606,510 | ) | |||||||||
Total stockholders' equity | 147,576,780 | 140,433,821 | |||||||||||
Total liabilities and stockholders' equity | $ | 209,804,670 | $ | 197,372,637 | |||||||||
Condensed Income Statement [Table Text Block] | ' | ||||||||||||
2013 | 2012 | 2011 | |||||||||||
Total interest income | $ | 43,476 | $ | 57,136 | $ | 62,521 | |||||||
Equity in net income of bank subsidiaries | 20,499,070 | 17,206,086 | 14,449,843 | ||||||||||
Equity in net income of nonbank subsidiaries | 31,540 | 168,934 | 174,058 | ||||||||||
Bargain purchase gain on Community National acquisition | 1,841,385 | - | - | ||||||||||
Other * | 7,942 | 657,733 | 129,773 | ||||||||||
Total income | 22,423,413 | 18,089,889 | 14,816,195 | ||||||||||
Interest expense | 1,714,814 | 1,408,948 | 1,562,323 | ||||||||||
Salaries and employee benefits | 4,765,762 | 4,717,609 | 4,078,474 | ||||||||||
Professional fees | 977,571 | 988,306 | 1,103,910 | ||||||||||
Acquisition and data conversion costs | 2,037,684 | - | - | ||||||||||
Other-than-temporary impairment losses on securities | - | 62,400 | 118,847 | ||||||||||
Other | 642,044 | 760,618 | 783,460 | ||||||||||
Total expenses | 10,137,875 | 7,937,881 | 7,647,014 | ||||||||||
Income before income tax benefit | 12,285,538 | 10,152,008 | 7,169,181 | ||||||||||
Income tax benefit | 2,652,707 | 2,465,759 | 2,522,467 | ||||||||||
Net income | $ | 14,938,245 | $ | 12,617,767 | $ | 9,691,648 | |||||||
Condensed Cash Flow Statement [Table Text Block] | ' | ||||||||||||
2013 | 2012 | 2011 | |||||||||||
Cash Flows from Operating Activities: | |||||||||||||
Net income | $ | 14,938,245 | $ | 12,617,767 | $ | 9,691,648 | |||||||
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||||
Distributions in excess of (less than) earnings of: | |||||||||||||
Bank subsidiaries | 5,500,930 | (3,706,086 | ) | (4,449,843 | ) | ||||||||
Nonbank subsidiaries | (103 | ) | (132,911 | ) | 133,951 | ||||||||
Bargain purchase gain on Community National acquisition | (1,841,385 | ) | - | - | |||||||||
Accretion of acquisition fair value adjustments | 79,655 | - | - | ||||||||||
Depreciation | 75,182 | - | 54 | ||||||||||
Other-than-temporary impairment losses on securities | - | 62,400 | 118,847 | ||||||||||
Stock-based compensation expense | 792,279 | 849,760 | 646,419 | ||||||||||
Increase in other assets | (725,105 | ) | (437,827 | ) | (65,205 | ) | |||||||
(Decrease) increase in other liabilities | (2,978,106 | ) | 1,938,832 | 666,240 | |||||||||
Net cash provided by operating activities | 15,841,592 | 11,191,935 | 6,742,111 | ||||||||||
Cash Flows from Investing Activities: | |||||||||||||
Net increase in interest-bearing deposits at financial instituions | (2,288 | ) | (1,937 | ) | (1,227 | ) | |||||||
Purchase of securities available for sale | (34,040 | ) | (53,501 | ) | (58,149 | ) | |||||||
Capital infusion, bank subsidiaries | - | - | (1,693,679 | ) | |||||||||
Net cash paid for Community National acquisition | (6,261,684 | ) | - | - | |||||||||
Increase in cash from dissolution of VPHC | - | 99,645 | - | ||||||||||
Net cash (used in) provided by' investing activities | (6,298,012 | ) | 44,207 | (1,753,055 | ) | ||||||||
Cash Flows from Financing Activities: | |||||||||||||
Net (decrease) increase in other borrowings | (373,446 | ) | - | - | |||||||||
Proceeds from other borrowings term note | 10,000,000 | - | - | ||||||||||
Advance (payment) on 364-day revolving note | (5,600,000 | ) | 2,000,000 | 1,100,000 | |||||||||
Repayment of Community National's other borrowings at acquisition | (3,950,000 | ) | - | - | |||||||||
Payment of cash dividends on common and preferred stock | (4,062,726 | ) | (4,088,949 | ) | (3,712,493 | ) | |||||||
Redemption of 10,223 shares of Series F Noncumulative Perpetual Preferred Stock, net | - | (10,223,000 | ) | - | |||||||||
Proceeds from issuance of 40,090 shares of Series F Noncumulative Perpetual Preferred Stock, net | - | - | 39,996,922 | ||||||||||
Redemption of Series D Cumulative Perpetual Preferred Stock, net | - | - | (38,237,000 | ) | |||||||||
Repurchase of 521,888 shares of common stock warrants issued in conjunction with Series D | |||||||||||||
Cumulative Perpetual Preferred Stock | - | - | (1,100,000 | ) | |||||||||
Proceeds from issuance of common stock, net | 582,742 | 994,174 | 477,339 | ||||||||||
Purchase of noncontrolling interests | - | (2,388,417 | ) | - | |||||||||
Net cash used in financing activities | (3,403,430 | ) | (13,706,192 | ) | (1,475,232 | ) | |||||||
Net increase (decrease) in cash and due from banks | 6,140,150 | (2,470,050 | ) | 3,513,824 | |||||||||
Cash and due from banks: | |||||||||||||
Beginning | 1,072,434 | 3,542,484 | 28,660 | ||||||||||
Ending | $ | 7,212,584 | $ | 1,072,434 | $ | 3,542,484 |
Note_20_Fair_Value_Tables
Note 20 - Fair Value (Tables) | 12 Months Ended | |||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||
Fair Value Measurements, Recurring and Nonrecurring [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) | |||||||||||||||||
December 31, 2013: | ||||||||||||||||||
Securities available for sale: | ||||||||||||||||||
U.S. govt. sponsored agency securities | $ | 356,472,987 | $ | - | $ | 356,472,987 | $ | - | ||||||||||
Residential mortgage-backed securities | 157,429,451 | - | 157,429,451 | - | ||||||||||||||
Municipal securities | 35,958,857 | - | 35,958,857 | - | ||||||||||||||
Other securities | 1,897,163 | 317,698 | 1,579,465 | - | ||||||||||||||
$ | 551,758,458 | $ | 317,698 | $ | 551,440,760 | $ | - | |||||||||||
December 31, 2012: | ||||||||||||||||||
Securities available for sale: | ||||||||||||||||||
U.S. govt. sponsored agency securities | $ | 338,609,371 | $ | - | $ | 338,609,371 | $ | - | ||||||||||
Residential mortgage-backed 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 | Quoted Prices | Significant | Significant | |||||||||||||||
in Active | Other | Unobservable | ||||||||||||||||
Markets for | Observable | Inputs | ||||||||||||||||
Identical Assets | Inputs | (Level 3) | ||||||||||||||||
(Level 1) | (Level 2) | |||||||||||||||||
December 31, 2013: | ||||||||||||||||||
Impaired loans/leases | $ | 9,009,557 | $ | - | $ | - | $ | 9,009,557 | ||||||||||
Other real estate owned | 10,507,377 | - | - | 10,507,377 | ||||||||||||||
$ | 19,516,934 | $ | - | $ | - | $ | 19,516,934 | |||||||||||
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 | |||||||||||||||
December 31, 2013: | ||||||||||||||||||
Impaired loans/leases | $ | 9,009,557 | Appraisal of collateral | Appraisal adjustments | -10.00% | to | -50.00% | |||||||||||
Other real estate owned | 10,507,377 | Appraisal of collateral | Appraisal adjustments | 0.00% | to | -35.00% | ||||||||||||
Quantitave Information about Level Fair Value Measurments | ||||||||||||||||||
Fair Value | Valuation Technique | Unobservable Input | Range | |||||||||||||||
December 31, 2012: | ||||||||||||||||||
Impaired loans/leases | $ | 18,054,234 | Appraisal of collateral | Appraisal adjustments | -10.00% | to | -50.00% | |||||||||||
Other real estate owned | 4,270,901 | Appraisal of collateral | Appraisal adjustments | 0.00% | to | -35.00% | ||||||||||||
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | ' | |||||||||||||||||
Fair Value | As of December 31, 2013 | As of December 31, 2012 | ||||||||||||||||
Heirarchy | Carrying | Estimated | Carrying | Estimated | ||||||||||||||
Level | Value | Fair Value | Value | Fair Value | ||||||||||||||
Cash and due from banks | Level 1 | $ | 41,950,790 | $ | 41,950,790 | $ | 61,568,446 | $ | 61,568,446 | |||||||||
Federal funds sold | Level 2 | 39,435,000 | 39,435,000 | 26,560,000 | 26,560,000 | |||||||||||||
Interest-bearing deposits at financial institutions | Level 2 | 33,044,917 | 33,044,917 | 22,359,490 | 22,359,490 | |||||||||||||
Investment securities: | ||||||||||||||||||
Held to maturity | Level 3 | 145,451,895 | 138,640,105 | 72,079,385 | 73,005,706 | |||||||||||||
Available for sale | See Previous Table | 551,758,458 | 551,758,458 | 530,159,986 | 530,159,986 | |||||||||||||
Loans/leases receivable, net | Level 3 | 8,342,182 | 9,009,557 | 16,716,883 | 18,054,234 | |||||||||||||
Loans/leases receivable, net | Level 2 | 1,430,489,328 | 1,441,952,443 | 1,250,745,552 | 1,262,090,766 | |||||||||||||
Deposits: | ||||||||||||||||||
Nonmaturity deposits | Level 2 | 1,256,209,352 | 1,256,209,352 | 1,039,572,326 | 1,039,572,326 | |||||||||||||
Time deposits | Level 2 | 390,781,891 | 394,202,000 | 334,541,774 | 337,343,000 | |||||||||||||
Short-term borrowings | Level 2 | 149,292,967 | 149,292,967 | 171,082,961 | 171,082,961 | |||||||||||||
Federal Home Loan Bank advances | Level 2 | 231,350,000 | 241,623,000 | 202,350,000 | 220,815,000 | |||||||||||||
Other borrowings | Level 2 | 142,448,362 | 152,761,000 | 138,239,762 | 154,101,000 | |||||||||||||
Junior subordinated debentures | Level 2 | 40,289,830 | 28,094,228 | 36,085,000 | 18,786,000 |
Note_21_Business_Segment_Infor1
Note 21 - Business Segment Information (Tables) | 12 Months Ended | ||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||||||||||||||
Schedule of Segment Reporting Information, by Segment [Table Text Block] | ' | ||||||||||||||||||||||||||||
Commercial Banking | |||||||||||||||||||||||||||||
Quad City | Cedar Rapids | Rockford | Wealth | All other | Intercompany | Consolidated | |||||||||||||||||||||||
Bank & Trust | Bank & Trust | Bank & Trust | Management | Eliminations | Total | ||||||||||||||||||||||||
Twelve Months Ended December 31, 2013 | |||||||||||||||||||||||||||||
Total revenue | $ | 48,742,635 | $ | 36,089,448 | $ | 13,809,593 | $ | 7,521,821 | $ | 1,924,329 | $ | (402,040 | ) | $ | 107,685,786 | ||||||||||||||
Net interest income | 33,892,035 | 22,239,329 | 9,645,411 | - | (1,671,338 | ) | - | 64,105,437 | |||||||||||||||||||||
Net income attributable to QCR Holdings, Inc. | 9,310,779 | 7,953,230 | 1,855,672 | 1,379,402 | (5,560,838 | ) | - | 14,938,245 | |||||||||||||||||||||
Total assets | 1,245,128,136 | 804,223,453 | 339,375,139 | - | 22,394,401 | (16,168,205 | ) | 2,394,952,924 | |||||||||||||||||||||
Provision for loan/lease losses | 3,391,406 | 1,531,014 | 1,008,000 | - | - | - | 5,930,420 | ||||||||||||||||||||||
Goodwill | 3,222,688 | - | - | - | - | - | 3,222,688 | ||||||||||||||||||||||
Core deposit intangible | - | 1,870,433 | - | - | - | - | 1,870,433 | ||||||||||||||||||||||
Twelve Months Ended December 31, 2012 | |||||||||||||||||||||||||||||
Total revenue | $ | 47,984,123 | $ | 26,697,921 | $ | 12,955,951 | $ | 5,993,437 | $ | 745,682 | $ | (379,946 | ) | $ | 93,997,168 | ||||||||||||||
Net interest income | 33,770,092 | 15,717,038 | 9,630,481 | - | (1,468,351 | ) | - | 57,649,260 | |||||||||||||||||||||
Net income attributable to QCR Holdings, Inc. | 9,915,267 | 5,786,446 | 857,610 | 646,762 | (4,577,566 | ) | (10,752 | ) | 12,617,767 | ||||||||||||||||||||
Total assets | 1,177,294,502 | 625,713,218 | 313,824,607 | - | 14,906,904 | (38,008,739 | ) | 2,093,730,492 | |||||||||||||||||||||
Provision for loan/lease losses | 1,527,767 | 1,275,000 | 1,568,000 | - | - | - | 4,370,767 | ||||||||||||||||||||||
Goodwill | 3,222,688 | - | - | - | - | - | 3,222,688 | ||||||||||||||||||||||
Twelve Months Ended December 31, 2011 | |||||||||||||||||||||||||||||
Total revenue | $ | 47,952,867 | $ | 28,406,789 | $ | 13,518,534 | $ | 5,477,913 | $ | 228,900 | $ | (399,877 | ) | $ | 95,185,126 | ||||||||||||||
Net interest income | 30,831,946 | 15,856,555 | 9,085,293 | - | (1,628,938 | ) | - | 54,144,856 | |||||||||||||||||||||
Net income attributable to QCR Holdings, Inc. | 8,176,665 | 5,154,769 | 329,251 | 789,159 | (4,733,869 | ) | (24,327 | ) | 9,691,648 | ||||||||||||||||||||
Total assets | 1,113,435,783 | 560,076,246 | 294,382,640 | - | 14,826,484 | (16,111,099 | ) | 1,966,610,054 | |||||||||||||||||||||
Provision for loan/lease losses | 2,735,014 | 1,655,000 | 2,226,000 | - | - | - | 6,616,014 | ||||||||||||||||||||||
Goodwill | 3,222,688 | - | - | - | - | - | 3,222,688 |
Note_1_Nature_of_Business_and_2
Note 1 - Nature of Business and Significant Accounting Policies (Details) (USD $) | 12 Months Ended | 12 Months Ended | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Aug. 27, 2012 | Aug. 31, 2005 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | |
m2 Lease Funds LLC [Member] | Velie Plantation Holding Company LLC [Member] | In-the-money Options [Member] | Owner-Occupied Commercial Real Estate [Member] | Owner-Occupied Commercial Real Estate [Member] | m2 Lease Funds LLC [Member] | m2 Lease Funds LLC [Member] | m2 Lease Funds LLC [Member] | Velie Plantation Holding Company LLC [Member] | Core Deposits [Member] | Minimum Required Under Federal Banking Regulations [Member] | Minimum Required Under Federal Banking Regulations [Member] | Minimum [Member] | Maximum [Member] | General Maximum [Member] | |||||
Note 1 - Nature of Business and Significant Accounting Policies (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity Method Investment, Ownership Percentage | ' | 2.25% | ' | ' | 80.00% | 91.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Business Acquisition, Percentage of Voting Interests Acquired | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20.00% | 20.00% | 80.00% | 9.00% | ' | ' | ' | ' | ' | ' |
Cash and Cash Equivalents, at Carrying Value | $41,950,790 | $61,568,446 | $53,136,710 | $42,030,806 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $22,435,000 | $15,512,000 | ' | ' | ' |
Residual Value Percent of Cost | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.00% | 15.00% | ' |
Initial Direct Leasing Costs As a Percentage of Cost | 4.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Term | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '3 years | '5 years | '7 years |
Line of Credit Facility, Expiration Period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '365 days | ' |
Percentage Of Total Loans Leases | ' | ' | ' | ' | ' | ' | ' | 35.00% | 39.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Lending Threshold Requiring Additional Loan Review | ' | 1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Finite-Lived Intangible Asset, Useful Life | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '10 years | ' | ' | ' | ' | ' |
Allocated Share-based Compensation Expense | 792,279 | 849,760 | 696,407 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized | 636,217 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | '2 years 6 months | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number (in Shares) | 419,735 | 391,378 | 355,398 | ' | ' | ' | 524,081 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value | 2,467,057 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value | 1,149,534 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value | $268,920 | $56,371 | $47,026 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Note_1_Nature_of_Business_and_3
Note 1 - Nature of Business and Significant Accounting Policies (Details) - Option Pricing Model Valuation Assumptions (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Note 1 - Nature of Business and Significant Accounting Policies (Details) - Option Pricing Model Valuation Assumptions [Line Items] | ' | ' | ' |
Expected life of option grants (years) | ' | '10 years | ' |
Weighted-average grant date fair value (in Dollars per share) | $5.14 | $2.79 | $2.74 |
Employee Stock Option [Member] | ' | ' | ' |
Note 1 - Nature of Business and Significant Accounting Policies (Details) - Option Pricing Model Valuation Assumptions [Line Items] | ' | ' | ' |
Dividend yield | ' | 0.86% | ' |
Expected volatility | ' | 29.36% | ' |
Risk-free interest rate | ' | 1.98% | ' |
Expected life of option grants (years) | '6 years | '6 years | '6 years |
Weighted-average grant date fair value (in Dollars per share) | $5.14 | $2.79 | $2.74 |
Employee Stock Option [Member] | Minimum [Member] | ' | ' | ' |
Note 1 - Nature of Business and Significant Accounting Policies (Details) - Option Pricing Model Valuation Assumptions [Line Items] | ' | ' | ' |
Dividend yield | 0.44% | ' | 0.88% |
Expected volatility | 29.50% | ' | 29.64% |
Risk-free interest rate | 1.71% | ' | 1.90% |
Employee Stock Option [Member] | Maximum [Member] | ' | ' | ' |
Note 1 - Nature of Business and Significant Accounting Policies (Details) - Option Pricing Model Valuation Assumptions [Line Items] | ' | ' | ' |
Dividend yield | 0.53% | ' | 1.00% |
Expected volatility | 30.56% | ' | 30.30% |
Risk-free interest rate | 2.90% | ' | 3.58% |
Stock Purchase Grants [Member] | ' | ' | ' |
Note 1 - Nature of Business and Significant Accounting Policies (Details) - Option Pricing Model Valuation Assumptions [Line Items] | ' | ' | ' |
Dividend yield | ' | ' | ' |
Expected volatility | ' | ' | ' |
Risk-free interest rate | ' | ' | ' |
Expected life of option grants (years) | ' | ' | ' |
Weighted-average grant date fair value (in Dollars per share) | $2.10 | $1.71 | $1.68 |
Stock Purchase Grants [Member] | Minimum [Member] | ' | ' | ' |
Note 1 - Nature of Business and Significant Accounting Policies (Details) - Option Pricing Model Valuation Assumptions [Line Items] | ' | ' | ' |
Dividend yield | 0.53% | 0.61% | 0.88% |
Expected volatility | 23.05% | 27.20% | 51.62% |
Risk-free interest rate | 0.10% | 0.03% | 0.08% |
Expected life of option grants (years) | '3 years | '3 years | '3 years |
Stock Purchase Grants [Member] | Maximum [Member] | ' | ' | ' |
Note 1 - Nature of Business and Significant Accounting Policies (Details) - Option Pricing Model Valuation Assumptions [Line Items] | ' | ' | ' |
Dividend yield | 0.61% | 0.88% | 1.12% |
Expected volatility | 24.25% | 31.11% | 53.58% |
Risk-free interest rate | 0.18% | 0.18% | 0.23% |
Expected life of option grants (years) | '6 years | '6 years | '6 years |
Note_2_Community_National_Banc2
Note 2 - Community National Bancorporation and Community National Bank (Details) (USD $) | 1 Months Ended | 8 Months Ended | 11 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 12 Months Ended | 1 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 1 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 1 Months Ended | 12 Months Ended | 12 Months Ended | ||||||||||||||
Aug. 27, 2012 | Dec. 31, 2013 | Dec. 31, 2009 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Sep. 11, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | 13-May-13 | 13-May-13 | Dec. 31, 2013 | Jun. 27, 2013 | 13-May-13 | Dec. 31, 2013 | 13-May-13 | Dec. 31, 2013 | Dec. 31, 2013 | Jun. 27, 2013 | 13-May-13 | Dec. 31, 2013 | Jun. 26, 2013 | Sep. 11, 2012 | Aug. 27, 2012 | Aug. 27, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Aug. 31, 2005 | Dec. 31, 2013 | ||||
Undiscounted [Member] | CNB Branches [Member] | m2 Chief Executive Officer [Member] | m2 Chief Executive Officer [Member] | 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] | 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] | m2 Lease Funds LLC [Member] | m2 Lease Funds LLC [Member] | m2 Lease Funds LLC [Member] | m2 Lease Funds LLC [Member] | m2 Lease Funds LLC [Member] | m2 Lease Funds LLC [Member] | Core Deposits [Member] | ||||||||||
m2 Lease Funds LLC [Member] | m2 Lease Funds LLC [Member] | m2 Lease Funds LLC [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] | London Interbank Offered Rate (LIBOR) [Member] | London Interbank Offered Rate (LIBOR) [Member] | Core Deposits [Member] | Core Deposits [Member] | Revolving Credit Facility [Member] | ||||||||||||||||||||||
Revolving Credit Facility [Member] | |||||||||||||||||||||||||||||||||
Note 2 - Community National Bancorporation and Community National Bank (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Business Acquisition, Percentage of Voting Interests Acquired | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' | ' | 20.00% | 20.00% | 20.00% | ' | 80.00% | ' | |||
Business Combination, Consideration Transferred | ' | $19,441,834 | ' | $19,441,834 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $19,441,834 | ' | ' | ' | ' | $4,501,442 | ' | ' | ' | ' | |||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in Shares) | ' | 834,715 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 834,715 | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 13,180,150 | ' | ' | ' | 2,133,417 | 2,133,417 | ' | ' | ' | ' | |||
Payments to Acquire Businesses, Gross | ' | 6,261,684 | ' | 6,261,684 | [1] | ' | [1] | ' | [1] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,261,684 | ' | ' | 1,653,755 | ' | ' | ' | ' | ' | ' |
Finite-Lived Core Deposits, Gross | ' | 1,995,127 | ' | 1,995,127 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,440,076 | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Finite-Lived Intangible Asset, Useful Life | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '10 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '10 years | |||
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 199,512 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Finite-Lived Intangible Assets, Amortization Expense, Year Two | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 199,512 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Finite-Lived Intangible Assets, Amortization Expense, Year Three | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 199,512 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Finite-Lived Intangible Assets, Amortization Expense, Year Four | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 199,512 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Finite-Lived Intangible Assets, Amortization Expense, Year Five | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 199,512 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Finite-Lived Intangible Assets, Amortization Expense, after Year Five | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 872,873 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
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 | 2,068,332 | ' | ' | ' | ' | ' | ' | ' | ' | |||
Certain Loans Acquired in Transfer Accounted for as Debt Securities, Accretable Yield, Reclassifications to Nonaccretable Difference | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 397,894 | 233,933 | ' | ' | ' | ' | ' | ' | ' | ' | |||
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 | ' | -2,497,170 | ' | -2,497,170 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,576,825 | ' | ' | 459,822 | 459,822 | ' | ' | ' | ' | |||
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 | ' | 10,000,000 | ' | ' | ' | ' | ' | ' | ' | |||
Termination Loans | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10,000,000 | 10,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Term Loan Period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '3 years | '3 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Debt Instrument, Basis Spread on Variable Rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.50% | 3.00% | 3.00% | 3.17% | ' | ' | 2.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Line of Credit Facility, Remaining Borrowing Capacity | ' | 351,291,107 | ' | 351,291,107 | 311,703,791 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | |||
Business Combination, Bargain Purchase, Gain Recognized, Amount | ' | 1,841,385 | ' | 1,841,385 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Business Combination, Acquisition Related Costs | ' | ' | ' | 2,353,162 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,353,162 | ' | ' | ' | ' | ' | ' | ' | ' | |||
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | ' | ' | ' | 2,334,216 | ' | ' | ' | 2,334,216 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Business Combination, Consideration Transferred, Liabilities Incurred | 2,847,687 | ' | ' | ' | ' | ' | 3,307,509 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Fair Value Inputs, Discount Rate | ' | ' | 6.23% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5.00% | ' | ' | ' | ' | ' | |||
Accretion Expense | ' | ' | ' | -1,060,708 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 148,137 | 47,758 | ' | ' | |||
Other Liabilities | ' | 37,003,742 | ' | 37,003,742 | 31,424,848 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,043,582 | 2,895,445 | ' | ' | |||
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability | ' | ' | ' | ' | ' | ' | ' | ' | 725,483 | 195,715 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Business Combination, Contingent Consideration, Liability | ' | ' | ' | ' | ' | ' | ' | ' | $921,198 | $195,715 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
[1] | Net cash received at closing totaled $3,025,073 |
Note_2_Community_National_Banc3
Note 2 - Community National Bancorporation and Community National Bank (Details) - Core Deposit (USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Note 2 - Community National Bancorporation and Community National Bank (Details) - Core Deposit [Line Items] | ' |
Amortization expense | $178,881 |
Balance, ending | 1,870,433 |
Gross carrying amount | 1,995,127 |
Net carrying amount | 1,870,433 |
Core Deposits [Member] | ' |
Note 2 - Community National Bancorporation and Community National Bank (Details) - Core Deposit [Line Items] | ' |
Core deposit intangible from Community National Acquistion | 3,440,076 |
Amortization expense | -178,881 |
Core deposit intangible sold in branch sales | -1,390,762 |
Balance, ending | 1,870,433 |
Accumulated amortization | -124,694 |
Net carrying amount | $1,870,433 |
Note_2_Community_National_Banc4
Note 2 - Community National Bancorporation and Community National Bank (Details) - Fair Value of Assets Acquired and Liabilities Assumed (USD $) | 8 Months Ended | 12 Months Ended | |||||
Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||||
ASSETS | ' | ' | ' | ' | |||
Cash and due from banks | $9,286,757 | $9,286,757 | ' | ' | |||
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] | ' | [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_Community_National_Banc5
Note 2 - Community National Bancorporation and Community National Bank (Details) - Fair Value of Assets Acquired and Liabilities Assumed (Parentheticals) | 8 Months Ended |
Dec. 31, 2013 | |
Fair Value of Assets Acquired and Liabilities Assumed [Abstract] | ' |
Issuance of common stock, shares | 834,715 |
Note_2_Community_National_Banc6
Note 2 - Community National Bancorporation and Community National Bank (Details) - Pro Forma Combined Operating Results (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Pro Forma Combined Operating Results [Abstract] | ' | ' |
Interest income | $83,008,255 | $87,514,410 |
Noninterest income | 22,042,194 | 19,792,383 |
Net income | 11,320,890 | 14,077,018 |
Net income attributable to QCR Holdings, Inc. common stockholders | $8,152,588 | $10,092,460 |
Earnings per common share attributable to QCR Holdings, Inc. common stockholders | ' | ' |
Basic (in Dollars per share) | $1.47 | $1.82 |
Diluted (in Dollars per share) | $1.44 | $1.79 |
Note_2_Community_National_Banc7
Note 2 - Community National Bancorporation and Community National Bank (Details) - Disposal Group (USD $) | 12 Months Ended | 0 Months Ended | ||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Oct. 04, 2013 | Oct. 11, 2013 | ||||
CNB Branches [Member] | CNB Branches [Member] | |||||||
Mason City, Iowa [Member] | Austin, Minnesota [Member] | |||||||
ASSETS | ' | ' | ' | ' | ' | |||
Cash | $30,425,618 | [1] | ' | [1] | ' | [1] | $29,905,991 | $519,627 |
Loans receivable | 54,458,870 | ' | ' | 22,709,735 | 31,749,135 | |||
Premises and equipment | 2,373,822 | ' | ' | 776,782 | 1,597,040 | |||
Core deposit intangible | 1,390,762 | ' | ' | 910,415 | 480,347 | |||
Other assets | 138,899 | ' | ' | 68,456 | 70,443 | |||
Total assets sold | 88,787,971 | ' | ' | 54,371,379 | 34,416,592 | |||
LIABILITIES | ' | ' | ' | ' | ' | |||
Deposits | 91,022,098 | ' | ' | 55,191,930 | 35,830,168 | |||
Other liabilities | 100,089 | ' | ' | 53,421 | 46,668 | |||
Total liabilities sold | 91,122,187 | ' | ' | 55,245,351 | 35,876,836 | |||
Gain on sale, pre-tax | $2,334,216 | ' | ' | $873,972 | $1,460,244 | |||
[1] | Net cash paid at closing totaled $30,425,618 |
Note_3_Investment_Securities_D
Note 3 - Investment Securities (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Note 3 - Investment Securities (Details) [Line Items] | ' | ' | ' |
Number of Securities | 544 | ' | ' |
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 354 | ' | ' |
Aggregate Depreciation From Amortized Cost Basis, Percent | 5.00% | ' | ' |
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year | 16 | ' | ' |
Available-for-sale Securities Pledged as Collateral | $497,286,275 | $384,194,020 | ' |
Equity Securities [Member] | ' | ' | ' |
Note 3 - Investment Securities (Details) [Line Items] | ' | ' | ' |
Percentage of Investment Portfolio | 1.00% | 1.00% | ' |
Other than Temporary Impairment Losses, Investments | 0 | 62,400 | 118,847 |
Debt Securities [Member] | ' | ' | ' |
Note 3 - Investment Securities (Details) [Line Items] | ' | ' | ' |
Other than Temporary Impairment Losses, Investments | $0 | $0 | $0 |
Note_3_Investment_Securities_D1
Note 3 - Investment Securities (Details) - Amortized Cost and Fair Value of Investment Securities (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Securities held to maturity: | ' | ' |
Securities held to maturity, amortized cost | $145,451,895 | $72,079,385 |
Securities held to maturity, gross unrealized gains | 299,789 | 997,969 |
Securities held to maturity, gross unrealized losses | -7,111,579 | -71,648 |
Securities held to maturity, fair value | 138,640,105 | 73,005,706 |
Securities available for sale: | ' | ' |
Available for Sale Securities, amortized cost | 573,870,562 | 522,547,519 |
Available for Sale Securities, gross unrealized gains | 2,643,218 | 7,985,963 |
Available for Sale Securities, gross unrealized losses | -24,755,322 | -373,496 |
Available for Sale Securities, fair value | 551,758,458 | 530,159,986 |
US States and Political Subdivisions Debt Securities [Member] | ' | ' |
Securities held to maturity: | ' | ' |
Securities held to maturity, amortized cost | 144,401,895 | 71,429,385 |
Securities held to maturity, gross unrealized gains | 299,789 | 997,969 |
Securities held to maturity, gross unrealized losses | -7,111,579 | -71,648 |
Securities held to maturity, fair value | 137,590,105 | 72,355,706 |
Securities available for sale: | ' | ' |
Available for Sale Securities, amortized cost | 35,813,866 | 24,508,015 |
Available for Sale Securities, gross unrealized gains | 923,315 | 1,696,555 |
Available for Sale Securities, gross unrealized losses | -778,324 | -18,834 |
Available for Sale Securities, fair value | 35,958,857 | 26,185,736 |
Other Securities [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 | 0 | 0 |
Securities held to maturity, fair value | 1,050,000 | 650,000 |
Securities available for sale: | ' | ' |
Available for Sale Securities, amortized cost | 1,372,365 | 1,347,113 |
Available for Sale Securities, gross unrealized gains | 524,798 | 300,732 |
Available for Sale Securities, gross unrealized losses | ' | -23,469 |
Available for Sale Securities, fair value | 1,897,163 | 1,624,376 |
US Government Agencies Debt Securities [Member] | ' | ' |
Securities available for sale: | ' | ' |
Available for Sale Securities, amortized cost | 376,574,132 | 336,570,995 |
Available for Sale Securities, gross unrealized gains | 41,696 | 2,198,655 |
Available for Sale Securities, gross unrealized losses | -20,142,841 | -160,279 |
Available for Sale Securities, fair value | 356,472,987 | 338,609,371 |
Residential Mortgage Backed Securities [Member] | ' | ' |
Securities available for sale: | ' | ' |
Available for Sale Securities, amortized cost | 160,110,199 | 160,035,196 |
Available for Sale Securities, gross unrealized gains | 1,153,409 | 3,736,821 |
Available for Sale Securities, gross unrealized losses | -3,834,157 | -170,914 |
Available for Sale Securities, fair value | 157,429,451 | 163,601,103 |
Trust Preferred Securities [Member] | ' | ' |
Securities available for sale: | ' | ' |
Available for Sale Securities, amortized cost | ' | 86,200 |
Available for Sale Securities, gross unrealized gains | ' | 53,200 |
Available for Sale Securities, 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 $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Securities available for sale: | ' | ' |
Available for Sale Securities less than 12 months fair value | $441,808,604 | $85,986,271 |
Available for Sale Securities less than 12 months gross unrealized losses | -22,813,786 | -350,027 |
Available for Sale Securities 12 months or more fair value | 26,081,796 | 217,500 |
Available for Sale Securities 12 months or more gross unrealized losses | -1,941,536 | -23,469 |
Available for Sale Securities fair value | 467,890,400 | 86,203,771 |
Available for Sale Securities gross unrealized losses | -24,755,322 | -373,496 |
US States and Political Subdivisions Debt Securities [Member] | ' | ' |
Securities held to maturity: | ' | ' |
Held to Maturity Securities less than 12 months fair value | 101,983,602 | 4,282,352 |
Held to Maturity Securities less than 12 months gross unrealized losses | -6,711,240 | -71,648 |
Held to Maturity Securities 12 months or more fair value | 2,697,375 | ' |
Held to Maturity Securities 12 months or more gross unrealized losses | -400,339 | ' |
Held to Maturity Securities fair value | 104,680,977 | 4,282,352 |
Held to Maturity Securities gross unrealized losses | -7,111,579 | -71,648 |
Securities available for sale: | ' | ' |
Available for Sale Securities less than 12 months fair value | 13,890,692 | 1,039,625 |
Available for Sale Securities less than 12 months gross unrealized losses | -724,939 | -18,834 |
Available for Sale Securities 12 months or more fair value | 985,687 | ' |
Available for Sale Securities 12 months or more gross unrealized losses | -53,385 | ' |
Available for Sale Securities fair value | 14,876,379 | 1,039,625 |
Available for Sale Securities gross unrealized losses | -778,324 | -18,834 |
US Government Agencies Debt Securities [Member] | ' | ' |
Securities available for sale: | ' | ' |
Available for Sale Securities less than 12 months fair value | 333,194,820 | 55,621,718 |
Available for Sale Securities less than 12 months gross unrealized losses | -19,141,077 | -160,279 |
Available for Sale Securities 12 months or more fair value | 10,978,390 | 0 |
Available for Sale Securities 12 months or more gross unrealized losses | -1,001,764 | 0 |
Available for Sale Securities fair value | 344,173,210 | 55,621,718 |
Available for Sale Securities gross unrealized losses | -20,142,841 | -160,279 |
Residential Mortgage Backed Securities [Member] | ' | ' |
Securities available for sale: | ' | ' |
Available for Sale Securities less than 12 months fair value | 94,723,092 | 29,324,928 |
Available for Sale Securities less than 12 months gross unrealized losses | -2,947,770 | -170,914 |
Available for Sale Securities 12 months or more fair value | 14,117,719 | ' |
Available for Sale Securities 12 months or more gross unrealized losses | -886,387 | ' |
Available for Sale Securities fair value | 108,840,811 | 29,324,928 |
Available for Sale Securities gross unrealized losses | -3,834,157 | -170,914 |
Other Securities [Member] | ' | ' |
Securities available for sale: | ' | ' |
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) |
Note_3_Investment_Securities_D3
Note 3 - Investment Securities (Details) - Sales of Securities (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Sales of Securities [Abstract] | ' | ' | ' |
Proceeds from sales of securities | $37,393,047 | $19,215,075 | $54,326,191 |
Gross gains from sales of securities | 523,071 | 104,600 | 1,472,528 |
Gross losses from sales of securities | ($90,579) | ' | ' |
Note_3_Investment_Securities_D4
Note 3 - Investment Securities (Details) - Amortized Cost and Fair Value of Securities by Contractual Maturity (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Securities held to maturity: | ' | ' |
Due in one year or less | $2,250,529 | ' |
Due in one year or less | 2,250,467 | ' |
Due after one year through five years | 9,340,352 | ' |
Due after one year through five years | 9,309,433 | ' |
Due after five years | 133,861,014 | ' |
Due after five years | 127,080,205 | ' |
145,451,895 | ' | |
138,640,105 | 73,005,706 | |
Securities available for sale: | ' | ' |
Due in one year or less | 6,416,406 | ' |
Due in one year or less | 6,426,654 | ' |
Due after one year through five years | 46,861,212 | ' |
Due after one year through five years | 46,420,946 | ' |
Due after five years | 359,110,380 | ' |
Due after five years | 339,584,244 | ' |
412,387,998 | ' | |
392,431,844 | ' | |
Securities with no stated maturity date, amortized cost | 573,870,562 | ' |
Securities with no stated maturity date, fair value | 551,758,458 | ' |
Residential Mortgage Backed Securities [Member] | ' | ' |
Securities available for sale: | ' | ' |
Securities with no stated maturity date, amortized cost | 160,110,199 | ' |
Securities with no stated maturity date, fair value | 157,429,451 | ' |
Other Securities [Member] | ' | ' |
Securities held to maturity: | ' | ' |
1,050,000 | 650,000 | |
Securities available for sale: | ' | ' |
Securities with no stated maturity date, amortized cost | 1,372,365 | ' |
Securities with no stated maturity date, fair value | 1,897,163 | ' |
US States and Political Subdivisions Debt Securities [Member] | ' | ' |
Securities held to maturity: | ' | ' |
137,590,105 | 72,355,706 | |
US States and Political Subdivisions Debt Securities [Member] | Callable Securities [Member] | ' | ' |
Securities available for sale: | ' | ' |
Securities with no stated maturity date, amortized cost | 22,760,530 | ' |
Securities with no stated maturity date, fair value | 22,574,232 | ' |
Securities held to maturity: | ' | ' |
Municipal securities | 108,408,593 | ' |
Municipal securities | 102,628,515 | ' |
US Government-sponsored Enterprises Debt Securities [Member] | Callable Securities [Member] | ' | ' |
Securities available for sale: | ' | ' |
Securities with no stated maturity date, amortized cost | 335,565,915 | ' |
Securities with no stated maturity date, fair value | 317,138,253 | ' |
Callable Securities [Member] | ' | ' |
Securities available for sale: | ' | ' |
Securities with no stated maturity date, amortized cost | 358,326,445 | ' |
Securities with no stated maturity date, fair value | $339,712,485 | ' |
Note_4_LoansLeases_Receivable_1
Note 4 - Loans/Leases Receivable (Details) (USD $) | 12 Months Ended | ||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||
Note 4 - Loans/Leases Receivable (Details) [Line Items] | ' | ' | ' | ||
Loans Held-for-sale, Mortgages | $1,358,290 | $4,577,233 | ' | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 17,877,897 | 17,932,495 | ' | ||
Financing Receivable, Modifications, Recorded Investment | 13,413,366 | 12,958,374 | ' | ||
Impaired Financing Receivable, Related Allowance | 5,008,822 | 4,587,769 | 5,346,303 | ||
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 1 | 0 | ' | ||
Threshold for Related Party Loans Evaluated | 60,000 | 60,000 | 60,000 | ||
Residential Portfolio Segment [Member] | Troubled Debt Restructurings [Member] | ' | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) [Line Items] | ' | ' | ' | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 446,996 | 64,722 | ' | ||
Residential Portfolio Segment [Member] | ' | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) [Line Items] | ' | ' | ' | ||
Loans Held-for-sale, Mortgages | 1,358,290 | 4,577,233 | ' | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 1,618,483 | [1] | 1,049,518 | [2] | ' |
Financing Receivable, Modifications, Recorded Investment | 371,995 | 167,739 | ' | ||
Impaired Financing Receivable, Related Allowance | 246,266 | 105,565 | 55,884 | ||
Commercial and Industrial [Member] | Troubled Debt Restructurings [Member] | ' | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) [Line Items] | ' | ' | ' | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 77,072 | 99,804 | ' | ||
Commercial and Industrial [Member] | ' | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) [Line Items] | ' | ' | ' | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 1,744,981 | [1] | 1,564,499 | [2] | ' |
Financing Receivable, Modifications, Recorded Investment | 878,381 | 184,084 | ' | ||
Impaired Financing Receivable, Related Allowance | 927,453 | 280,170 | 903,187 | ||
Commercial Real Estate Portfolio Segment [Member] | Troubled Debt Restructurings [Member] | ' | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) [Line Items] | ' | ' | ' | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 10,077,501 | 5,173,589 | ' | ||
Finance Leases Portfolio Segment [Member] | Troubled Debt Restructurings [Member] | ' | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) [Line Items] | ' | ' | ' | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 289,216 | 320,666 | ' | ||
Finance Leases Portfolio Segment [Member] | ' | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) [Line Items] | ' | ' | ' | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 894,458 | [1] | 998,802 | [2] | ' |
Impaired Financing Receivable, Related Allowance | 192,847 | 125,000 | 66,675 | ||
Troubled Debt Restructurings [Member] | ' | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) [Line Items] | ' | ' | ' | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 10,890,785 | 5,658,781 | ' | ||
Financing Receivable, Modifications, Number of Contracts | 19 | 19 | ' | ||
Financing Receivable, Modifications, Post-Modification Recorded Investment | 8,702,765 | 4,182,934 | ' | ||
Impaired Financing Receivable, Related Allowance | 1,841,170 | 727,578 | ' | ||
Financing Receivable, Modifications, Pre-Modification Recorded Investment | 8,702,765 | 4,435,893 | ' | ||
Nonaccrual [Member] | ' | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) [Line Items] | ' | ' | ' | ||
Financing Receivable, Modifications, Number of Contracts | 13 | 9 | ' | ||
Financing Receivable, Modifications, Post-Modification Recorded Investment | 6,579,346 | 1,779,126 | ' | ||
Subsequent Default [Member] | ' | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) [Line Items] | ' | ' | ' | ||
Financing Receivable, Modifications, Post-Modification Recorded Investment | 61,517 | ' | ' | ||
Impaired Financing Receivable, Related Allowance | 0 | ' | ' | ||
Financing Receivable, Modifications, Pre-Modification Recorded Investment | 61,517 | ' | ' | ||
No Lease End Option Rider [Member] | ' | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) [Line Items] | ' | ' | ' | ||
Number of Leases | 33 | 34 | ' | ||
Leveraged Lease Investment | 1,694,499 | 1,095,848 | ' | ||
Line of Credit [Member] | ' | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) [Line Items] | ' | ' | ' | ||
Financing Receivable, Modifications, Recorded Investment | 136,000 | 25,000 | ' | ||
Financing Receivable, Modifications, Number of Contracts | 1 | 1 | ' | ||
Financing Receivable, Modifications, Post-Modification Recorded Investment | 135,477 | 4,837 | ' | ||
Impaired Financing Receivable, Related Allowance | $67,745 | $4,837 | ' | ||
[1] | At December 31, 2013, nonaccrual loans/leases included $10,890,785 of troubled debt restructurings, including $77,072 in commercial and industrial loans, $10,077,501 in commercial real estate loans, $446,996 in residential real estate loans, and $289,216 in installment loans. | ||||
[2] | At December 31, 2012, nonaccrual loans/leases included $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_2
Note 4 - Loans/Leases Receivable (Details) - Composition of the Loan/Lease Portfolio (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ||
Loans and Leases | $1,455,732,633 | $1,284,211,234 | ' | ' | ||
Plus deferred loan/lease origination costs | 4,546,925 | 3,176,405 | ' | ' | ||
Total Loans/Leases plus deferred loan/lease origination costs | 1,460,279,558 | 1,287,387,639 | ' | ' | ||
Less allowance for estimated losses on loans/leases | -21,448,048 | -19,925,204 | -18,789,262 | -20,364,656 | ||
Loans/leases net of allowance for estimated losses | 1,438,831,510 | 1,267,462,435 | ' | ' | ||
Commercial and Industrial [Member] | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ||
Loans and Leases | 431,688,129 | 394,244,252 | ' | ' | ||
Less allowance for estimated losses on loans/leases | -5,648,774 | -4,531,545 | -4,878,006 | -7,548,922 | ||
Owner-Occupied Commercial Real Estate [Member] | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ||
Loans and Leases | 261,215,912 | 204,911,308 | ' | ' | ||
Commercial Construction, Land Development, and Other Land [Member] | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ||
Loans and Leases | 57,844,902 | 44,962,381 | ' | ' | ||
Other Commercial Real Estate [Member] | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ||
Loans and Leases | 352,692,115 | 344,105,550 | ' | ' | ||
Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ||
Loans and Leases | 671,752,929 | 593,979,239 | ' | ' | ||
Less allowance for estimated losses on loans/leases | -10,705,434 | -11,069,502 | -10,596,958 | -9,087,315 | ||
Finance Leases Portfolio Segment [Member] | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ||
Loans and Leases | 128,901,442 | 103,685,656 | ' | ' | ||
Plus deferred loan/lease origination costs | 4,814,183 | 3,907,140 | ' | ' | ||
Total Loans/Leases plus deferred loan/lease origination costs | 133,715,625 | 107,592,796 | ' | ' | ||
Less allowance for estimated losses on loans/leases | -2,517,217 | -1,990,395 | -1,339,496 | -1,530,572 | ||
Loans/leases net of allowance for estimated losses | 131,198,408 | 105,602,401 | ' | ' | ||
* Direct financing leases: | ' | ' | ' | ' | ||
Net minimum lease payments to be received | 145,662,254 | 117,719,380 | ' | ' | ||
Estimated unguaranteed residual values of leased assets | 1,694,499 | 1,095,848 | ' | ' | ||
Unearned lease/residual income | -18,455,311 | -15,129,572 | ' | ' | ||
Residential Portfolio Segment [Member] | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ||
Loans and Leases | 147,356,323 | [1] | 115,581,573 | [1] | ' | ' |
Less allowance for estimated losses on loans/leases | -1,395,849 | -1,070,328 | -704,946 | -748,028 | ||
Consumer Portfolio Segment [Member] | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ||
Loans and Leases | 76,033,810 | 76,720,514 | ' | ' | ||
Less allowance for estimated losses on loans/leases | ($1,180,774) | ($1,263,434) | ($1,269,856) | ($1,449,819) | ||
[1] | Includes residential real estate loans held for sale totaling $1,358,290 and $4,577,233 as of December 31, 2013 and 2012, respectively. |
Note_4_LoansLeases_Receivable_3
Note 4 - Loans/Leases Receivable (Details) - Aging of the Loan/Lease Portfolio (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ||
Current | $1,430,204,215 | $1,257,131,874 | ||
30-59 Days Past Due | 5,430,932 | 7,387,450 | ||
60-89 Days Past Due | 2,135,415 | 1,599,934 | ||
Accruing Past Due 90 Days or More | 84,174 | 159,481 | ||
Nonacrrual Loans/Loans | 17,877,897 | 17,932,495 | ||
Total | 1,455,732,633 | 1,284,211,234 | ||
Current as a percentage of total loan/lease portfolio | 98.25% | 97.89% | ||
30-59 Days Past Due as a percentage of total loan/lease portfolio | 0.37% | 0.58% | ||
60-89 Days Past Due as a percentage of total loan/lease portfolio | 0.15% | 0.12% | ||
Accruing Past Due 90 Days or More as a percentage of total loan/lease portfolio | 0.01% | 0.01% | ||
Nonacrrual Loans/Loans as a percentage of total loan/lease portfolio | 1.23% | 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 | 429,557,699 | 388,825,307 | ||
30-59 Days Past Due | 199,949 | 3,724,506 | ||
60-89 Days Past Due | 185,500 | 9,940 | ||
Accruing Past Due 90 Days or More | ' | 120,000 | ||
Nonacrrual Loans/Loans | 1,744,981 | [1] | 1,564,499 | [2] |
Total | 431,688,129 | 394,244,252 | ||
Total as a percentage of total loan/lease portfolio | 12.81% | 7.36% | ||
Owner-Occupied Commercial Real Estate [Member] | ' | ' | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ||
Current | 258,557,660 | 204,141,070 | ||
30-59 Days Past Due | 465,418 | 142,993 | ||
60-89 Days Past Due | 993,163 | ' | ||
Accruing Past Due 90 Days or More | 60,286 | ' | ||
Nonacrrual Loans/Loans | 1,139,385 | [1] | 627,245 | [2] |
Total | 261,215,912 | 204,911,308 | ||
Total as a percentage of total loan/lease portfolio | 5.86% | 2.47% | ||
Commercial Construction, Land Development, and Other Land [Member] | ' | ' | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ||
Current | 56,301,186 | 42,180,819 | ||
30-59 Days Past Due | 358,626 | ' | ||
Nonacrrual Loans/Loans | 1,185,090 | [1] | 2,781,562 | [2] |
Total | 57,844,902 | 44,962,381 | ||
Total as a percentage of total loan/lease portfolio | 5.79% | 14.96% | ||
Other Commercial Real Estate [Member] | ' | ' | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ||
Current | 341,743,730 | 332,644,532 | ||
30-59 Days Past Due | 476,877 | 86,986 | ||
60-89 Days Past Due | 151,017 | 1,111,856 | ||
Nonacrrual Loans/Loans | 10,320,491 | 10,262,176 | ||
Total | 352,692,115 | 344,105,550 | ||
Finance Leases Portfolio Segment [Member] | ' | ' | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ||
Current | 126,878,515 | 101,635,084 | ||
30-59 Days Past Due | 714,464 | 877,210 | ||
60-89 Days Past Due | 414,005 | 174,560 | ||
Nonacrrual Loans/Loans | 894,458 | [1] | 998,802 | [2] |
Total | 128,901,442 | 103,685,656 | ||
Total as a percentage of total loan/lease portfolio | 4.37% | 3.93% | ||
Residential Portfolio Segment [Member] | ' | ' | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ||
Current | 142,353,936 | 111,993,859 | ||
30-59 Days Past Due | 3,088,516 | 2,254,730 | ||
60-89 Days Past Due | 275,262 | 283,466 | ||
Accruing Past Due 90 Days or More | 20,126 | ' | ||
Nonacrrual Loans/Loans | 1,618,483 | [1] | 1,049,518 | [2] |
Total | 147,356,323 | [3] | 115,581,573 | [3] |
Total as a percentage of total loan/lease portfolio | 9.82% | 4.79% | ||
Consumer Portfolio Segment [Member] | ' | ' | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ||
Current | 74,811,489 | 75,711,203 | ||
30-59 Days Past Due | 127,082 | 301,025 | ||
60-89 Days Past Due | 116,468 | 20,112 | ||
Accruing Past Due 90 Days or More | 3,762 | 39,481 | ||
Nonacrrual Loans/Loans | 975,009 | [1] | 648,693 | [2] |
Total | $76,033,810 | $76,720,514 | ||
Total as a percentage of total loan/lease portfolio | 6.57% | 3.15% | ||
[1] | At December 31, 2013, nonaccrual loans/leases included $10,890,785 of troubled debt restructurings, including $77,072 in commercial and industrial loans, $10,077,501 in commercial real estate loans, $446,996 in residential real estate loans, and $289,216 in installment loans. | |||
[2] | At December 31, 2012, nonaccrual loans/leases included $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. | |||
[3] | Includes residential real estate loans held for sale totaling $1,358,290 and $4,577,233 as of December 31, 2013 and 2012, respectively. |
Note_4_LoansLeases_Receivable_4
Note 4 - Loans/Leases Receivable (Details) - Nonperforming Loans/Leases (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | ||
Note 4 - Loans/Leases Receivable (Details) - Nonperforming Loans/Leases [Line Items] | ' | ' | ||
Nonaccrual loans/leases | $17,877,897 | $17,932,495 | ||
Troubled debt restructurings - accruing | 13,413,366 | 12,958,374 | ||
Percentage of total nonperforming loans/leases | 100.00% | 100.00% | ||
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 | 1,744,981 | [1] | 1,564,499 | [2] |
Troubled debt restructurings - accruing | 878,381 | 184,084 | ||
Total nonperforming loans/leases | 2,623,362 | 1,868,583 | ||
Percentage of total nonperforming loans/leases | 12.81% | 7.36% | ||
Owner-Occupied Commercial Real Estate [Member] | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) - Nonperforming Loans/Leases [Line Items] | ' | ' | ||
Accruing past due 90 days or more | 60,286 | ' | ||
Nonaccrual loans/leases | 1,139,385 | [1] | 627,245 | [2] |
Total nonperforming loans/leases | 1,199,671 | 627,245 | ||
Percentage of total nonperforming loans/leases | 5.86% | 2.47% | ||
Commercial Construction, Land Development, and Other Land [Member] | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) - Nonperforming Loans/Leases [Line Items] | ' | ' | ||
Nonaccrual loans/leases | 1,185,090 | [1] | 2,781,562 | [2] |
Troubled debt restructurings - accruing | ' | 1,016,023 | ||
Total nonperforming loans/leases | 1,185,090 | 3,797,585 | ||
Percentage of total nonperforming loans/leases | 5.79% | 14.96% | ||
Non-Owner Occupied Commercial Real Estate [Member] | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) - Nonperforming Loans/Leases [Line Items] | ' | ' | ||
Nonaccrual loans/leases | 10,320,491 | [1] | 10,262,176 | [2] |
Troubled debt restructurings - accruing | 905,205 | 5,820,765 | ||
Total nonperforming loans/leases | 11,225,696 | 16,082,941 | ||
Percentage of total nonperforming loans/leases | 54.80% | 63.34% | ||
Finance Leases Portfolio Segment [Member] | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) - Nonperforming Loans/Leases [Line Items] | ' | ' | ||
Nonaccrual loans/leases | 894,458 | [1] | 998,802 | [2] |
Total nonperforming loans/leases | 894,458 | 998,802 | ||
Percentage of total nonperforming loans/leases | 4.37% | 3.93% | ||
Residential Portfolio Segment [Member] | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) - Nonperforming Loans/Leases [Line Items] | ' | ' | ||
Accruing past due 90 days or more | 20,126 | ' | ||
Nonaccrual loans/leases | 1,618,483 | [1] | 1,049,518 | [2] |
Troubled debt restructurings - accruing | 371,995 | 167,739 | ||
Total nonperforming loans/leases | 2,010,604 | 1,217,257 | ||
Percentage of total nonperforming loans/leases | 9.82% | 4.79% | ||
Consumer Portfolio Segment [Member] | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) - Nonperforming Loans/Leases [Line Items] | ' | ' | ||
Accruing past due 90 days or more | 3,762 | 39,481 | ||
Nonaccrual loans/leases | 975,009 | [1] | 648,693 | [2] |
Troubled debt restructurings - accruing | 367,000 | 110,982 | ||
Total nonperforming loans/leases | 1,345,771 | 799,156 | ||
Percentage of total nonperforming loans/leases | 6.57% | 3.15% | ||
Total [Member] | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) - Nonperforming Loans/Leases [Line Items] | ' | ' | ||
Accruing past due 90 days or more | 84,174 | 159,481 | ||
Nonaccrual loans/leases | 17,877,897 | [1] | 17,932,495 | [2] |
Troubled debt restructurings - accruing | 2,522,581 | 7,299,593 | ||
Total nonperforming loans/leases | $20,484,652 | $25,391,569 | ||
Percentage of total nonperforming loans/leases | 100.00% | 100.00% | ||
[1] | At December 31, 2013, nonaccrual loans/leases included $10,890,785 of troubled debt restructurings, including $77,072 in commercial and industrial loans, $10,077,501 in commercial real estate loans, $446,996 in residential real estate loans, and $289,216 in installment loans. | |||
[2] | At December 31, 2012, nonaccrual loans/leases included $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 $) | 12 Months Ended | ||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ||
Balance, beginning | $19,925,204 | $18,789,262 | $20,364,656 | ||
Balance, ending | 21,448,048 | 19,925,204 | 18,789,262 | ||
Loans/leases individually evaluated for impairment | 19,080,420 | 24,294,211 | ' | ||
Loans/leases collectively evaluated for impairment | 1,436,652,213 | 1,259,917,023 | ' | ||
Loans/Leases receivable | 1,455,732,633 | 1,284,211,234 | ' | ||
Allowance as a percentage of loans/leases individually evaluated for impairment | 26.25% | 18.88% | ' | ||
Allowance as a percentage of loans/leases collectively evaluated for impairment | 1.14% | 1.22% | ' | ||
Total allowance as a percentage of total loans/leaess | 1.47% | 1.55% | ' | ||
Allowance for loans/leases individually evaluated for impairment | 5,008,822 | 4,587,769 | ' | ||
Allowance for loans/leases collectively evaluated for impairment | 16,439,226 | 15,337,435 | ' | ||
Provisions charged to expense | 5,930,420 | 4,370,767 | 6,616,014 | ||
Loans/leases charged off | -5,843,906 | -4,376,429 | -9,061,751 | ||
Recoveries on loans/leases previously charged off | 1,436,330 | 1,141,604 | 870,343 | ||
Commercial and Industrial [Member] | ' | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ||
Balance, beginning | 4,531,545 | 4,878,006 | 7,548,922 | ||
Balance, ending | 5,648,774 | 4,531,545 | 4,878,006 | ||
Loans/leases individually evaluated for impairment | 1,761,850 | 1,006,952 | ' | ||
Loans/leases collectively evaluated for impairment | 429,926,279 | 393,237,300 | ' | ||
Loans/Leases receivable | 431,688,129 | 394,244,252 | ' | ||
Allowance as a percentage of loans/leases individually evaluated for impairment | 52.64% | 27.82% | ' | ||
Allowance as a percentage of loans/leases collectively evaluated for impairment | 1.10% | 1.08% | ' | ||
Total allowance as a percentage of total loans/leaess | 1.31% | 1.15% | ' | ||
Allowance for loans/leases individually evaluated for impairment | 927,453 | 280,170 | ' | ||
Allowance for loans/leases collectively evaluated for impairment | 4,721,321 | 4,251,375 | ' | ||
Provisions charged to expense | 1,453,455 | -327,045 | 256,945 | ||
Loans/leases charged off | -962,607 | -682,877 | -3,262,742 | ||
Recoveries on loans/leases previously charged off | 626,381 | 663,461 | 334,881 | ||
Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ||
Balance, beginning | 11,069,502 | 10,596,958 | 9,087,315 | ||
Balance, ending | 10,705,434 | 11,069,502 | 10,596,958 | ||
Loans/leases individually evaluated for impairment | 12,956,915 | 20,383,846 | ' | ||
Loans/leases collectively evaluated for impairment | 658,796,014 | 573,595,393 | ' | ||
Loans/Leases receivable | 671,752,929 | 593,979,239 | ' | ||
Allowance as a percentage of loans/leases individually evaluated for impairment | 24.50% | 19.65% | ' | ||
Allowance as a percentage of loans/leases collectively evaluated for impairment | 1.14% | 1.23% | ' | ||
Total allowance as a percentage of total loans/leaess | 1.59% | 1.86% | ' | ||
Allowance for loans/leases individually evaluated for impairment | 3,174,704 | 4,005,042 | ' | ||
Allowance for loans/leases collectively evaluated for impairment | 7,530,730 | 7,064,460 | ' | ||
Provisions charged to expense | 2,635,327 | 2,482,327 | 4,759,003 | ||
Loans/leases charged off | -3,573,006 | -2,232,004 | -3,590,868 | ||
Recoveries on loans/leases previously charged off | 573,611 | 222,221 | 341,508 | ||
Finance Leases Portfolio Segment [Member] | ' | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ||
Balance, beginning | 1,990,395 | 1,339,496 | 1,530,572 | ||
Balance, ending | 2,517,217 | 1,990,395 | 1,339,496 | ||
Loans/leases individually evaluated for impairment | 894,458 | 998,802 | ' | ||
Loans/leases collectively evaluated for impairment | 128,006,984 | 102,686,854 | ' | ||
Loans/Leases receivable | 128,901,442 | 103,685,656 | ' | ||
Allowance as a percentage of loans/leases individually evaluated for impairment | 21.56% | 12.51% | ' | ||
Allowance as a percentage of loans/leases collectively evaluated for impairment | 1.82% | 1.82% | ' | ||
Total allowance as a percentage of total loans/leaess | 1.95% | 1.92% | ' | ||
Allowance for loans/leases individually evaluated for impairment | 192,847 | 125,000 | ' | ||
Allowance for loans/leases collectively evaluated for impairment | 2,324,370 | 1,865,395 | ' | ||
Provisions charged to expense | 1,431,246 | 1,313,767 | 907,014 | ||
Loans/leases charged off | -916,836 | -739,755 | -1,100,886 | ||
Recoveries on loans/leases previously charged off | 12,412 | 76,887 | 2,796 | ||
Residential Portfolio Segment [Member] | ' | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ||
Balance, beginning | 1,070,328 | 704,946 | 748,028 | ||
Balance, ending | 1,395,849 | 1,070,328 | 704,946 | ||
Loans/leases individually evaluated for impairment | 2,116,747 | 1,217,256 | ' | ||
Loans/leases collectively evaluated for impairment | 145,239,576 | 114,364,317 | ' | ||
Loans/Leases receivable | 147,356,323 | [1] | 115,581,573 | [1] | ' |
Allowance as a percentage of loans/leases individually evaluated for impairment | 11.63% | 8.67% | ' | ||
Allowance as a percentage of loans/leases collectively evaluated for impairment | 0.79% | 0.84% | ' | ||
Total allowance as a percentage of total loans/leaess | 0.95% | 0.93% | ' | ||
Allowance for loans/leases individually evaluated for impairment | 246,266 | 105,565 | ' | ||
Allowance for loans/leases collectively evaluated for impairment | 1,149,583 | 964,763 | ' | ||
Provisions charged to expense | 471,060 | 370,140 | -4,147 | ||
Loans/leases charged off | -162,010 | -4,758 | -38,935 | ||
Recoveries on loans/leases previously charged off | 16,471 | ' | ' | ||
Consumer Portfolio Segment [Member] | ' | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ||
Balance, beginning | 1,263,434 | 1,269,856 | 1,449,819 | ||
Balance, ending | 1,180,774 | 1,263,434 | 1,269,856 | ||
Loans/leases individually evaluated for impairment | 1,350,450 | 687,355 | ' | ||
Loans/leases collectively evaluated for impairment | 74,683,360 | 76,033,159 | ' | ||
Loans/Leases receivable | 76,033,810 | 76,720,514 | ' | ||
Allowance as a percentage of loans/leases individually evaluated for impairment | 34.62% | 10.47% | ' | ||
Allowance as a percentage of loans/leases collectively evaluated for impairment | 0.95% | 1.57% | ' | ||
Total allowance as a percentage of total loans/leaess | 1.55% | 1.65% | ' | ||
Allowance for loans/leases individually evaluated for impairment | 467,552 | 71,992 | ' | ||
Allowance for loans/leases collectively evaluated for impairment | 713,222 | 1,191,442 | ' | ||
Provisions charged to expense | -60,668 | 531,578 | 697,199 | ||
Loans/leases charged off | -229,447 | -717,035 | -1,068,320 | ||
Recoveries on loans/leases previously charged off | $207,455 | $179,035 | $191,158 | ||
[1] | Includes residential real estate loans held for sale totaling $1,358,290 and $4,577,233 as of December 31, 2013 and 2012, respectively. |
Note_4_LoansLeases_Receivable_6
Note 4 - Loans/Leases Receivable (Details) - Impaired Loans/Leases (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Impaired Loans/Leases with No Specific Allowance Recorded: | ' | ' | ' |
Recorded Investment | $6,757,674 | $4,372,125 | $7,511,233 |
Unpaid Principal Balance | 7,057,203 | 5,320,511 | 8,253,794 |
Average Recorded Investment | 11,583,623 | 12,767,263 | 17,533,790 |
Interest Income Recognized | 74,982 | 20,833 | 81,921 |
Interest Income Recognized for Cash Payments Received | 74,982 | 20,833 | 81,921 |
Impaired Loans/Leases with Specific Allowance Recorded: | ' | ' | ' |
Recorded Investment | 12,322,746 | 19,922,086 | 22,347,930 |
Unpaid Principal Balance | 13,838,755 | 20,197,297 | 22,847,930 |
Related Allowance | 5,008,822 | 4,587,769 | 5,346,303 |
Average Recorded Investment | 11,252,892 | 14,210,538 | 11,697,609 |
Interest Income Recognized | 92,374 | 314,088 | 70,100 |
Interest Income Recognized for Cash Payments Received | 92,374 | 314,088 | 70,100 |
Total Impaired Loans/Leases: | ' | ' | ' |
Recorded Investment | 19,080,420 | 24,294,211 | 29,859,163 |
Unpaid Principal Balance | 20,895,958 | 25,517,808 | 31,101,724 |
Related Allowance | 5,008,822 | 4,587,769 | 5,346,303 |
Average Recorded Investment | 22,836,515 | 26,977,801 | 29,231,399 |
Interest Income Recognized | 167,356 | 334,921 | 152,021 |
Interest Income Recognized for Cash Payments Received | 167,356 | 334,921 | 152,021 |
Commercial and Industrial [Member] | ' | ' | ' |
Impaired Loans/Leases with No Specific Allowance Recorded: | ' | ' | ' |
Recorded Investment | 492,622 | 438,355 | 360,947 |
Unpaid Principal Balance | 568,951 | 1,203,710 | 979,901 |
Average Recorded Investment | 747,134 | 757,286 | 3,873,371 |
Interest Income Recognized | 7,749 | 7,910 | ' |
Interest Income Recognized for Cash Payments Received | 7,749 | 7,910 | ' |
Impaired Loans/Leases with Specific Allowance Recorded: | ' | ' | ' |
Recorded Investment | 1,269,228 | 568,597 | 1,791,908 |
Unpaid Principal Balance | 1,956,755 | 590,849 | 1,791,908 |
Related Allowance | 927,453 | 280,170 | 903,187 |
Average Recorded Investment | 1,222,449 | 499,036 | 1,175,105 |
Interest Income Recognized | 33,703 | ' | 36,984 |
Interest Income Recognized for Cash Payments Received | 33,703 | ' | 36,984 |
Total Impaired Loans/Leases: | ' | ' | ' |
Recorded Investment | 1,761,850 | 1,006,952 | 2,152,855 |
Unpaid Principal Balance | 2,525,706 | 1,794,559 | 2,771,809 |
Related Allowance | 927,453 | 280,170 | 903,187 |
Average Recorded Investment | 1,969,583 | 1,256,322 | 5,048,476 |
Interest Income Recognized | 41,452 | 7,910 | 36,984 |
Interest Income Recognized for Cash Payments Received | 41,452 | 7,910 | 36,984 |
Owner-Occupied Commercial Real Estate [Member] | ' | ' | ' |
Impaired Loans/Leases with No Specific Allowance Recorded: | ' | ' | ' |
Recorded Investment | 392,542 | 503,321 | 736,610 |
Unpaid Principal Balance | 392,542 | 503,321 | 736,610 |
Average Recorded Investment | 1,881,823 | 624,766 | 1,909,754 |
Impaired Loans/Leases with Specific Allowance Recorded: | ' | ' | ' |
Recorded Investment | 159,247 | ' | 217,059 |
Unpaid Principal Balance | 159,247 | ' | 217,059 |
Related Allowance | 67,498 | ' | 47,911 |
Average Recorded Investment | 87,035 | ' | 121,201 |
Total Impaired Loans/Leases: | ' | ' | ' |
Recorded Investment | 551,789 | 503,321 | 953,669 |
Unpaid Principal Balance | 551,789 | 503,321 | 953,669 |
Related Allowance | 67,498 | ' | 47,911 |
Average Recorded Investment | 1,968,858 | 624,766 | 2,030,955 |
Commercial Construction, Land Development, and Other Land [Member] | ' | ' | ' |
Impaired Loans/Leases with No Specific Allowance Recorded: | ' | ' | ' |
Recorded Investment | 1,943,168 | 678,523 | ' |
Unpaid Principal Balance | 2,054,368 | 678,523 | ' |
Average Recorded Investment | 2,666,039 | 3,359,435 | 2,979,950 |
Interest Income Recognized | ' | 3,549 | ' |
Interest Income Recognized for Cash Payments Received | ' | 3,549 | ' |
Impaired Loans/Leases with Specific Allowance Recorded: | ' | ' | ' |
Recorded Investment | 888,547 | 3,967,583 | 9,051,455 |
Unpaid Principal Balance | 1,011,747 | 3,967,583 | 9,051,455 |
Related Allowance | 503,825 | 1,105,795 | 3,002,450 |
Average Recorded Investment | 1,137,489 | 2,311,845 | 4,334,241 |
Interest Income Recognized | 10,862 | 5,749 | 16,249 |
Interest Income Recognized for Cash Payments Received | 10,862 | 5,749 | 16,249 |
Total Impaired Loans/Leases: | ' | ' | ' |
Recorded Investment | 2,831,715 | 4,646,106 | 9,051,455 |
Unpaid Principal Balance | 3,066,115 | 4,646,106 | 9,051,455 |
Related Allowance | 503,825 | 1,105,795 | 3,002,450 |
Average Recorded Investment | 3,803,528 | 5,671,280 | 7,314,191 |
Interest Income Recognized | 10,862 | 9,298 | 16,249 |
Interest Income Recognized for Cash Payments Received | 10,862 | 9,298 | 16,249 |
Non-Owner Occupied Commercial Real Estate [Member] | ' | ' | ' |
Impaired Loans/Leases with No Specific Allowance Recorded: | ' | ' | ' |
Recorded Investment | 1,790,279 | 495,702 | 3,936,826 |
Unpaid Principal Balance | 1,902,279 | 495,702 | 3,986,820 |
Average Recorded Investment | 3,869,493 | 5,288,820 | 5,568,776 |
Interest Income Recognized | 58,534 | 2,017 | ' |
Interest Income Recognized for Cash Payments Received | 58,534 | 2,017 | ' |
Impaired Loans/Leases with Specific Allowance Recorded: | ' | ' | ' |
Recorded Investment | 7,783,132 | 14,738,717 | 10,339,415 |
Unpaid Principal Balance | 8,488,414 | 14,991,676 | 10,839,415 |
Related Allowance | 2,603,381 | 2,899,247 | 1,247,377 |
Average Recorded Investment | 7,426,299 | 10,949,295 | 5,595,044 |
Interest Income Recognized | 45,926 | 308,339 | 11,623 |
Interest Income Recognized for Cash Payments Received | 45,926 | 308,339 | 11,623 |
Total Impaired Loans/Leases: | ' | ' | ' |
Recorded Investment | 9,573,411 | 15,234,419 | 14,276,241 |
Unpaid Principal Balance | 10,390,693 | 15,487,378 | 14,826,235 |
Related Allowance | 2,603,381 | 2,899,247 | 1,247,377 |
Average Recorded Investment | 11,295,792 | 16,238,115 | 11,163,820 |
Interest Income Recognized | 104,460 | 310,356 | 11,623 |
Interest Income Recognized for Cash Payments Received | 104,460 | 310,356 | 11,623 |
Finance Leases Portfolio Segment [Member] | ' | ' | ' |
Impaired Loans/Leases with No Specific Allowance Recorded: | ' | ' | ' |
Recorded Investment | 557,469 | 777,645 | 1,094,178 |
Unpaid Principal Balance | 557,469 | 777,645 | 1,094,178 |
Average Recorded Investment | 802,825 | 871,076 | 1,487,570 |
Interest Income Recognized | ' | ' | 81,921 |
Interest Income Recognized for Cash Payments Received | ' | ' | 81,921 |
Impaired Loans/Leases with Specific Allowance Recorded: | ' | ' | ' |
Recorded Investment | 336,989 | 221,157 | 212,485 |
Unpaid Principal Balance | 336,989 | 221,157 | 212,485 |
Related Allowance | 192,847 | 125,000 | 66,675 |
Average Recorded Investment | 97,846 | 90,610 | 138,127 |
Interest Income Recognized | ' | ' | 5,244 |
Interest Income Recognized for Cash Payments Received | ' | ' | 5,244 |
Total Impaired Loans/Leases: | ' | ' | ' |
Recorded Investment | 894,458 | 998,802 | 1,306,663 |
Unpaid Principal Balance | 894,458 | 998,802 | 1,306,663 |
Related Allowance | 192,847 | 125,000 | 66,675 |
Average Recorded Investment | 900,671 | 961,686 | 1,625,697 |
Interest Income Recognized | ' | ' | 87,165 |
Interest Income Recognized for Cash Payments Received | ' | ' | 87,165 |
Residential Portfolio Segment [Member] | ' | ' | ' |
Impaired Loans/Leases with No Specific Allowance Recorded: | ' | ' | ' |
Recorded Investment | 1,071,927 | 944,211 | 788,685 |
Unpaid Principal Balance | 1,071,927 | 1,127,242 | 862,298 |
Average Recorded Investment | 1,010,027 | 1,050,160 | 892,480 |
Interest Income Recognized | 4,235 | 6,728 | ' |
Interest Income Recognized for Cash Payments Received | 4,235 | 6,728 | ' |
Impaired Loans/Leases with Specific Allowance Recorded: | ' | ' | ' |
Recorded Investment | 1,044,820 | 273,045 | 344,789 |
Unpaid Principal Balance | 1,044,820 | 273,045 | 344,789 |
Related Allowance | 246,266 | 105,565 | 55,884 |
Average Recorded Investment | 641,217 | 258,677 | 282,020 |
Interest Income Recognized | 1,883 | ' | ' |
Interest Income Recognized for Cash Payments Received | 1,883 | ' | ' |
Total Impaired Loans/Leases: | ' | ' | ' |
Recorded Investment | 2,116,747 | 1,217,256 | 1,133,474 |
Unpaid Principal Balance | 2,116,747 | 1,400,287 | 1,207,087 |
Related Allowance | 246,266 | 105,565 | 55,884 |
Average Recorded Investment | 1,651,244 | 1,308,837 | 1,174,500 |
Interest Income Recognized | 6,118 | 6,728 | ' |
Interest Income Recognized for Cash Payments Received | 6,118 | 6,728 | ' |
Consumer Portfolio Segment [Member] | ' | ' | ' |
Impaired Loans/Leases with No Specific Allowance Recorded: | ' | ' | ' |
Recorded Investment | 509,667 | 534,368 | 593,987 |
Unpaid Principal Balance | 509,667 | 534,368 | 593,987 |
Average Recorded Investment | 606,282 | 815,720 | 821,889 |
Interest Income Recognized | 4,464 | 629 | ' |
Interest Income Recognized for Cash Payments Received | 4,464 | 629 | ' |
Impaired Loans/Leases with Specific Allowance Recorded: | ' | ' | ' |
Recorded Investment | 840,783 | 152,987 | 390,819 |
Unpaid Principal Balance | 840,783 | 152,987 | 390,819 |
Related Allowance | 467,552 | 71,992 | 22,819 |
Average Recorded Investment | 640,557 | 101,075 | 51,871 |
Total Impaired Loans/Leases: | ' | ' | ' |
Recorded Investment | 1,350,450 | 687,355 | 984,806 |
Unpaid Principal Balance | 1,350,450 | 687,355 | 984,806 |
Related Allowance | 467,552 | 71,992 | 22,819 |
Average Recorded Investment | 1,246,839 | 916,795 | 873,760 |
Interest Income Recognized | 4,464 | 629 | ' |
Interest Income Recognized for Cash Payments Received | $4,464 | $629 | ' |
Note_4_LoansLeases_Receivable_7
Note 4 - Loans/Leases Receivable (Details) - Loans By Credit Quality Indicators (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Commercial and Industrial [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally assigned risk rating | $407,294,743 | $371,856,380 |
Commercial and Industrial [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally assigned risk rating | 11,355,713 | 8,008,866 |
Commercial and Industrial [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally assigned risk rating | 13,037,673 | 14,379,006 |
Commercial and Industrial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally assigned risk rating | 431,688,129 | 394,244,252 |
Owner-Occupied Commercial Real Estate [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally assigned risk rating | 250,028,731 | 195,567,523 |
Owner-Occupied Commercial Real Estate [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally assigned risk rating | 8,318,232 | 5,488,602 |
Owner-Occupied Commercial Real Estate [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally assigned risk rating | 2,868,949 | 3,855,183 |
Owner-Occupied Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally assigned risk rating | 261,215,912 | 204,911,308 |
Commercial Construction, Land Development, and Other Land [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally assigned risk rating | 51,868,919 | 38,125,793 |
Commercial Construction, Land Development, and Other Land [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally assigned risk rating | 1,588,086 | 1,238,152 |
Commercial Construction, Land Development, and Other Land [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally assigned risk rating | 4,387,897 | 5,598,436 |
Commercial Construction, Land Development, and Other Land [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally assigned risk rating | 57,844,902 | 44,962,381 |
Non-Owner Occupied Commercial Real Estate [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally assigned risk rating | 326,168,882 | 312,370,393 |
Non-Owner Occupied Commercial Real Estate [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally assigned risk rating | 3,310,017 | 7,319,902 |
Non-Owner Occupied Commercial Real Estate [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally assigned risk rating | 23,213,216 | 24,415,255 |
Non-Owner Occupied Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally assigned risk rating | 352,692,115 | 344,105,550 |
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally assigned risk rating | 1,035,361,275 | 917,920,089 |
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally assigned risk rating | 24,572,048 | 22,055,522 |
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally assigned risk rating | 43,507,735 | 48,247,880 |
Commercial Real Estate Portfolio Segment [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally assigned risk rating | $1,103,441,058 | $988,223,491 |
Note_4_LoansLeases_Receivable_8
Note 4 - Loans/Leases Receivable (Details) - Delinquency Status (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | ||
Finance Leases Portfolio Segment [Member] | Performing Financing Receivable [Member] | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) - Delinquency Status [Line Items] | ' | ' | ||
Delinquent Loan Status | $128,006,984 | [1] | $102,686,854 | [1] |
Finance Leases Portfolio Segment [Member] | Nonperforming Financing Receivable [Member] | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) - Delinquency Status [Line Items] | ' | ' | ||
Delinquent Loan Status | 894,458 | [1] | 998,802 | [1] |
Finance Leases Portfolio Segment [Member] | Delinquent Loans [Member] | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) - Delinquency Status [Line Items] | ' | ' | ||
Delinquent Loan Status | 128,901,442 | [1] | 103,685,656 | [1] |
Residential Portfolio Segment [Member] | Performing Financing Receivable [Member] | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) - Delinquency Status [Line Items] | ' | ' | ||
Delinquent Loan Status | 145,345,719 | [1] | 114,364,316 | [1] |
Residential Portfolio Segment [Member] | Nonperforming Financing Receivable [Member] | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) - Delinquency Status [Line Items] | ' | ' | ||
Delinquent Loan Status | 2,010,604 | [1] | 1,217,257 | [1] |
Residential Portfolio Segment [Member] | Delinquent Loans [Member] | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) - Delinquency Status [Line Items] | ' | ' | ||
Delinquent Loan Status | 147,356,323 | [1] | 115,581,573 | [1] |
Consumer Portfolio Segment [Member] | Performing Financing Receivable [Member] | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) - Delinquency Status [Line Items] | ' | ' | ||
Delinquent Loan Status | 74,688,039 | [1] | 75,921,358 | [1] |
Consumer Portfolio Segment [Member] | Nonperforming Financing Receivable [Member] | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) - Delinquency Status [Line Items] | ' | ' | ||
Delinquent Loan Status | 1,345,771 | [1] | 799,156 | [1] |
Consumer Portfolio Segment [Member] | Delinquent Loans [Member] | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) - Delinquency Status [Line Items] | ' | ' | ||
Delinquent Loan Status | 76,033,810 | [1] | 76,720,514 | [1] |
Performing Financing Receivable [Member] | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) - Delinquency Status [Line Items] | ' | ' | ||
Delinquent Loan Status | 348,040,742 | [1] | 292,972,528 | [1] |
Nonperforming Financing Receivable [Member] | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) - Delinquency Status [Line Items] | ' | ' | ||
Delinquent Loan Status | 4,250,833 | [1] | 3,015,215 | [1] |
Delinquent Loans [Member] | ' | ' | ||
Note 4 - Loans/Leases Receivable (Details) - Delinquency Status [Line Items] | ' | ' | ||
Delinquent Loan Status | $352,291,575 | [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. |
Note_4_LoansLeases_Receivable_9
Note 4 - Loans/Leases Receivable (Details) - Troubled Debt Restructurings (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | ||
Commercial and Industrial [Member] | Commercial and Industrial [Member] | Commercial and Industrial [Member] | Commercial and Industrial [Member] | Owner-Occupied Commercial Real Estate [Member] | Owner-Occupied Commercial Real Estate [Member] | Owner-Occupied Commercial Real Estate [Member] | Non-Owner Occupied Commercial Real Estate [Member] | Non-Owner Occupied Commercial Real Estate [Member] | Non-Owner Occupied Commercial Real Estate [Member] | Non-Owner Occupied Commercial Real Estate [Member] | Non-Owner Occupied Commercial Real Estate [Member] | Non-Owner Occupied Commercial Real Estate [Member] | Non-Owner Occupied Commercial Real Estate [Member] | Non-Owner Occupied Commercial Real Estate [Member] | Residential Portfolio Segment [Member] | Residential Portfolio Segment [Member] | Residential Portfolio Segment [Member] | Residential Portfolio Segment [Member] | Residential Portfolio Segment [Member] | Residential Portfolio Segment [Member] | Residential Portfolio Segment [Member] | Finance Leases Portfolio Segment [Member] | Finance Leases Portfolio Segment [Member] | Finance Leases Portfolio Segment [Member] | Finance Leases Portfolio Segment [Member] | Finance Leases Portfolio Segment [Member] | Finance Leases Portfolio Segment [Member] | Commercial Construction, Land Development, and Other Land [Member] | Commercial Construction, Land Development, and Other Land [Member] | Commercial Construction, Land Development, and Other Land [Member] | Commercial Construction, Land Development, and Other Land [Member] | Commercial Construction, Land Development, and Other Land [Member] | Commercial Construction, Land Development, and Other Land [Member] | Extension of Maturity [Member] | Significant Payment Delay [Member] | Significant Payment Delay [Member] | Interest Rate Adjusted Below Market [Member] | Interest Rate Adjusted Below Market [Member] | Troubled Debt Restructurings [Member] | Troubled Debt Restructurings [Member] | ||||||
Extension of Maturity [Member] | Extension of Maturity [Member] | Extension of Maturity [Member] | Extension of Maturity [Member] | Significant Payment Delay [Member] | Interest Rate Adjusted Below Market [Member] | Interest Rate Adjusted Below Market [Member] | Significant Payment Delay [Member] | Significant Payment Delay [Member] | Interest Rate Adjusted Below Market [Member] | Interest Rate Adjusted Below Market [Member] | Significant Payment Delay [Member] | Significant Payment Delay [Member] | Interest Rate Adjusted Below Market [Member] | Significant Payment Delay [Member] | Interest Rate Adjusted Below Market [Member] | Interest Rate Adjusted Below Market [Member] | ||||||||||||||||||||||||||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Troubled Debt Restructurings Number of Loans/Leases | ' | ' | ' | 3 | ' | ' | ' | 1 | ' | ' | 8 | [1] | 1 | 2 | 1 | [2] | 2 | ' | ' | ' | 1 | 1 | 3 | 1 | ' | ' | ' | 1 | 2 | 1 | ' | ' | ' | 8 | 1 | 1 | ' | ' | ' | 12 | 2 | 13 | 5 | 5 | 19 | 19 |
Troubled Debt Restructurings Pre-Modification Recorded Investment | ' | ' | ' | $809,494 | ' | ' | ' | $61,517 | ' | ' | $6,637,835 | [1] | $733,442 | $264,173 | ' | [2] | $1,542,784 | ' | ' | ' | $91,581 | $64,722 | $394,838 | $167,739 | ' | ' | ' | $370,000 | $35,318 | $16,043 | ' | ' | ' | $1,274,172 | $337,500 | $337,500 | ' | ' | ' | $7,508,846 | $461,581 | $1,638,385 | $732,338 | $2,064,066 | $8,702,765 | $4,435,893 |
Troubled Debt Restructurings Post-Modification Recorded Investment | ' | ' | ' | 809,494 | ' | ' | ' | 61,517 | ' | ' | 6,637,835 | [1] | 733,442 | 264,173 | ' | [2] | 1,289,825 | ' | ' | ' | 91,581 | 64,722 | 394,838 | 167,739 | ' | ' | ' | 370,000 | 35,318 | 16,043 | ' | ' | ' | 1,274,172 | 337,500 | 337,500 | ' | ' | ' | 7,508,846 | 461,581 | 1,638,385 | 732,338 | 1,811,107 | 8,702,765 | 4,182,934 |
Troubled Debt Restructurings Specific Allowance | $5,008,822 | $4,587,769 | $5,346,303 | $182,498 | $927,453 | $280,170 | $903,187 | $10,260 | $67,498 | $47,911 | $1,535,154 | [1] | $176,526 | $36,724 | $4,837 | [2] | $262,704 | $2,603,381 | $2,899,247 | $1,247,377 | ' | ' | $108,121 | ' | $246,266 | $105,565 | $55,884 | $300 | $5,332 | ' | $192,847 | $125,000 | $66,675 | $190,997 | ' | $55,295 | $503,825 | $1,105,795 | $3,002,450 | $1,727,912 | $300 | $233,053 | $112,958 | $317,999 | $1,841,170 | $727,578 |
[1] | Includes one troubled debt restructuring that is a $136,000 line of credit that had nothing outstanding at the time of modification. The total amount outstanding as of December 31, 2013 was $135,477 with specific allowance of $67,745. | |||||||||||||||||||||||||||||||||||||||||||||
[2] | Includes one troubled debt restructuring that is a $25,000 line of credit that had nothing outstanding at the time of modification. The total amount outstanding as of December 31, 2013 was $4,837 with specific allowance of $4,837. |
Recovered_Sheet1
Note 4 - Loans/Leases Receivable (Details) - Related Party Loans (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Related Party Loans [Abstract] | ' | ' | ' |
Balance, beginning | $20,502,058 | $19,155,542 | $20,796,427 |
Balance, ending | 39,192,966 | 20,502,058 | 19,155,542 |
Net increase (decrease) due to change in related parties | 17,124,702 | 2,784,143 | -235,000 |
Advances | 6,213,381 | 6,754,970 | 10,674,567 |
Repayments | ($4,647,175) | ($8,192,597) | ($12,080,452) |
Recovered_Sheet2
Note 4 - Loans/Leases Receivable (Details) - Concentration By Industries (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Note 4 - Loans/Leases Receivable (Details) - Concentration By Industries [Line Items] | ' | ' |
Balance (in Dollars) | $1,460,279,558 | $1,287,387,639 |
Lessors of Non-Residential Buildings [Member] | ' | ' |
Note 4 - Loans/Leases Receivable (Details) - Concentration By Industries [Line Items] | ' | ' |
Balance (in Dollars) | 237,049,149 | 178,060,120 |
Percentage of Total Loans/Leases | 16.00% | 14.00% |
Lessors of Residential Buildings [Member] | ' | ' |
Note 4 - Loans/Leases Receivable (Details) - Concentration By Industries [Line Items] | ' | ' |
Balance (in Dollars) | 69,087,354 | 61,459,574 |
Percentage of Total Loans/Leases | 5.00% | 5.00% |
Bank Holding Companies [Member] | ' | ' |
Note 4 - Loans/Leases Receivable (Details) - Concentration By Industries [Line Items] | ' | ' |
Balance (in Dollars) | $56,716,875 | $47,662,055 |
Percentage of Total Loans/Leases | 4.00% | 4.00% |
Note_5_Premises_and_Equipment_1
Note 5 - Premises and Equipment (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Property, Plant and Equipment [Abstract] | ' | ' | ' |
Operating Leases, Rent Expense | $795,816 | $372,631 | $290,101 |
Note_5_Premises_and_Equipment_2
Note 5 - Premises and Equipment (Details) - Premises and Equipment (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Property, Plant and Equipment [Line Items] | ' | ' |
Land | $7,287,656 | $5,583,180 |
Buildings (useful lives 15 to 50 years) | 31,290,618 | 28,368,503 |
Furniture and equipment (useful lives 3 to 10 years) | 21,882,303 | 20,069,281 |
60,460,577 | 54,020,964 | |
Less accumulated depreciation | 23,705,213 | 22,758,574 |
$36,755,364 | $31,262,390 |
Note_5_Premises_and_Equipment_3
Note 5 - Premises and Equipment (Details) - Premises and Equipment (Parentheticals) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Building [Member] | Minimum [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Useful lives in years | '15 years | '15 years |
Building [Member] | Maximum [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Useful lives in years | '50 years | '50 years |
Furniture and Fixtures [Member] | Minimum [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Useful lives in years | '3 years | '3 years |
Furniture and Fixtures [Member] | Maximum [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Useful lives in years | '10 years | '10 years |
Note_5_Premises_and_Equipment_4
Note 5 - Premises and Equipment (Details) - Future Minimum Rental Commitments (USD $) | Dec. 31, 2013 |
Future Minimum Rental Commitments [Abstract] | ' |
2014 | $358,362 |
2015 | 233,188 |
2016 | 239,241 |
2017 | 241,116 |
2018 | 194,016 |
Thereafter | 162,792 |
$1,428,715 |
Note_6_Deposits_Details
Note 6 - Deposits (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Disclosure Text Block [Abstract] | ' | ' |
Time Deposits, $100,000 or More | $305,326,265 | $249,664,219 |
Note_6_Deposits_Details_Maturi
Note 6 - Deposits (Details) - Maturities of Certificates of Deposit (USD $) | Dec. 31, 2013 |
Maturities of Certificates of Deposit [Abstract] | ' |
2014 | $300,290,809 |
2015 | 59,280,188 |
2016 | 16,177,554 |
2017 | 6,607,701 |
2018 | 6,425,639 |
Thereafter | 2,000,000 |
$390,781,891 |
Note_7_ShortTerm_Borrowings_De
Note 7 - Short-Term Borrowings (Details) - Short-term Borrowings (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Short-term Borrowings [Abstract] | ' | ' |
Overnight repurchase agreements with customers | $98,822,967 | $104,942,961 |
Federal funds purchased | 50,470,000 | 66,140,000 |
$149,292,967 | $171,082,961 |
Note_7_ShortTerm_Borrowings_De1
Note 7 - Short-Term Borrowings (Details) - Overnight Repurchase Agreements (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Securities underlying the agreements as of end of period: | ' | ' |
Carrying value | $143,262,002 | $160,950,808 |
Fair value | 143,262,002 | 160,950,808 |
Repurchase Agreements With Customers [Member] | ' | ' |
Note 7 - Short-Term Borrowings (Details) - Overnight Repurchase Agreements [Line Items] | ' | ' |
Average daily balance during the period | 123,543,416 | 111,782,307 |
Average daily interest rate during the period | 0.12% | 0.13% |
Maximum month-end balance during the period | 146,075,177 | 141,890,506 |
Weighted average rate as of end of period | 0.13% | 0.11% |
Federal Funds Purchased [Member] | ' | ' |
Note 7 - Short-Term Borrowings (Details) - Overnight Repurchase Agreements [Line Items] | ' | ' |
Average daily balance during the period | 41,156,729 | 52,379,823 |
Average daily interest rate during the period | 0.40% | 0.27% |
Maximum month-end balance during the period | $95,380,000 | $80,150,000 |
Weighted average rate as of end of period | 0.28% | 0.26% |
Note_8_Federal_Home_Loan_Bank_2
Note 8 - Federal Home Loan Bank Advances (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||
Mar. 31, 2011 | Dec. 31, 2011 | Dec. 31, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2011 | |
Note 8 - Federal Home Loan Bank Advances (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Federal Home Loan Bank Stock (in Dollars) | ' | ' | $12,343,500 | ' | ' | $11,986,400 | ' |
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Weighted Average Interest Rate | 3.35% | 2.29% | ' | 4.12% | 4.82% | ' | 3.37% |
Prepayment Fees On Federal Home Loan Bank Advances (in Dollars) | 832,099 | 832,099 | ' | ' | ' | ' | ' |
Advances from Federal Home Loan Banks (in Dollars) | ' | ' | 231,350,000 | ' | ' | 202,350,000 | ' |
QCBT [Member] | Modified Advances [Member] | ' | ' | ' | ' | ' | ' | ' |
Note 8 - Federal Home Loan Bank Advances (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Weighted Average Interest Rate | ' | ' | 4.33% | ' | ' | ' | ' |
Advances from Federal Home Loan Banks (in Dollars) | 20,350,000 | ' | ' | ' | ' | ' | ' |
QCBT [Member] | ' | ' | ' | ' | ' | ' | ' |
Note 8 - Federal Home Loan Bank Advances (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Repayments of Federal Home Loan Bank Borrowings (in Dollars) | 15,000,000 | ' | ' | ' | ' | ' | ' |
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Weighted Average Interest Rate | 4.87% | ' | ' | ' | ' | ' | ' |
Securities (Assets) [Member] | ' | ' | ' | ' | ' | ' | ' |
Note 8 - Federal Home Loan Bank Advances (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged (in Dollars) | ' | ' | 87,061,601 | ' | ' | 18,959,669 | ' |
Loans Receivable [Member] | ' | ' | ' | ' | ' | ' | ' |
Note 8 - Federal Home Loan Bank Advances (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged (in Dollars) | ' | ' | 543,076,034 | ' | ' | 423,179,584 | ' |
Modified Advances [Member] | ' | ' | ' | ' | ' | ' | ' |
Note 8 - Federal Home Loan Bank Advances (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Advances from Federal Home Loan Banks (in Dollars) | $13,000,000 | ' | ' | 20,000,000 | ' | ' | ' |
Minimum [Member] | Loans Receivable [Member] | ' | ' | ' | ' | ' | ' | ' |
Note 8 - Federal Home Loan Bank Advances (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' |
FHLB Collateral Maintenance Levels | ' | ' | 125.00% | ' | ' | 125.00% | ' |
Maximum [Member] | Loans Receivable [Member] | ' | ' | ' | ' | ' | ' | ' |
Note 8 - Federal Home Loan Bank Advances (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' |
FHLB Collateral Maintenance Levels | ' | ' | 333.00% | ' | ' | 333.00% | ' |
Note_8_Federal_Home_Loan_Bank_3
Note 8 - Federal Home Loan Bank Advances (Details) - Maturity and Interest Rate Information on Advances from FHLB (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | ||
Maturity: | ' | ' | ||
FHLB advances due next 12 months | $75,850,000 | $24,000,000 | ||
FHLB advances due next 12 months, weighted average interest rate at year-end | 1.32% | 1.50% | ||
FHLB advances due year two | 21,000,000 | 27,850,000 | ||
FHLB advances due year two, weighted average interest rate at year-end | 2.26% | 3.16% | ||
FHLB advances due year three | 42,500,000 | 16,000,000 | ||
FHLB advances due year three, weighted average interest rate at year-end | 3.96% | 2.84% | ||
FHLB advances due year four | 31,000,000 | 57,500,000 | ||
FHLB advances due year four, weighted average interest rate at year-end | 3.75% | 4.19% | ||
FHLB advances due year five | 41,000,000 | 36,000,000 | ||
FHLB advances due year five, weighted average interest rate at year-end | 3.58% | 3.89% | ||
FHLB advances due thereafter | 20,000,000 | 41,000,000 | ||
FHLB advances due thereafter, weighted average interest rate at year-end | 4.12% | 3.58% | ||
Total FHLB advances | 231,350,000 | 202,350,000 | ||
Total FHLB advances, weighted average interest rate at year-end | 2.86% | 3.45% | ||
With Putable Option [Member] | ' | ' | ||
Maturity: | ' | ' | ||
FHLB advances due next 12 months | ' | [1] | ' | [1] |
FHLB advances due year two | ' | [1] | ' | [1] |
FHLB advances due year three | 32,500,000 | [1] | ' | [1] |
FHLB advances due year three, weighted average interest rate at year-end | 4.56% | ' | ||
FHLB advances due year four | 15,000,000 | 47,500,000 | [1] | |
FHLB advances due year four, weighted average interest rate at year-end | 4.42% | 4.64% | ||
FHLB advances due year five | 5,000,000 | 20,000,000 | [1] | |
FHLB advances due year five, weighted average interest rate at year-end | 2.84% | 4.51% | ||
FHLB advances due thereafter | ' | [1] | 33,000,000 | [1] |
FHLB advances due thereafter, weighted average interest rate at year-end | ' | 3.64% | ||
Total FHLB advances | $52,500,000 | [1] | $100,500,000 | [1] |
Total FHLB advances, weighted average interest rate at year-end | 4.36% | 4.29% | ||
[1] | Of the advances outstanding, a large portion have putable options which allow the FHLB, at its discretion, to terminate the advances and require the subsidiary banks to repay at predetermined dates prior to the stated maturity date of the advances. |
Note_9_Other_Borrowings_and_Un2
Note 9 - Other Borrowings and Unused Lines of Credit (Details) (USD $) | 1 Months Ended | 12 Months Ended | 12 Months Ended | 1 Months Ended | 0 Months Ended | 12 Months Ended | 1 Months Ended | 0 Months Ended | 12 Months Ended | ||||||||||||||||||||||
Mar. 19, 2010 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Jun. 27, 2013 | 13-May-13 | Dec. 31, 2013 | Dec. 31, 2013 | Jun. 27, 2013 | 13-May-13 | Dec. 31, 2013 | Jun. 26, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Mar. 19, 2010 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | |
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] | Community National Bancorporation and Community National Bank [Member] | Community National Bancorporation and Community National Bank [Member] | Wholesale Purchase Agreements with Embedded Interest Rate Cap Options [Member] | Wholesale Purchase Agreements with Embedded Interest Rate Cap Options [Member] | Wholesale Repurchase Agreements Modified in Current Period [Member] | Wholesale Repurchase Agreements Modified in Current Period [Member] | Wholesale Repurchase Agreements Modified In Current Year New Rate [Member] | Wholesale Repurchase Agreements Modified In Current Year New Rate [Member] | Wholesale Repurchase Agreements [Member] | Wholesale Repurchase Agreements [Member] | 364-day Revolving Note [Member] | Series A Subordinated Notes [Member] | Series A Subordinated Notes [Member] | Series A Subordinated Notes [Member] | Maturing in 2016 [Member] | Maturing in 2016 [Member] | Maturing in 2016 [Member] | Maturing in 2019 [Member] | Expiring in 2013 [Member] | Minimum [Member] | Maximum [Member] | ||||
London Interbank Offered Rate (LIBOR) [Member] | London Interbank Offered Rate (LIBOR) [Member] | London Interbank Offered Rate (LIBOR) [Member] | London Interbank Offered Rate (LIBOR) [Member] | Revolving Credit Facility [Member] | Wholesale Purchase Agreements with Embedded Interest Rate Cap Options [Member] | Wholesale Repurchase Agreements [Member] | Wholesale Repurchase Agreements [Member] | Wholesale Repurchase Agreements With Caps Expiring In Conjunction with Put Options [Member] | Wholesale Repurchase Agreements With Caps Expiring In Conjunction with Put Options [Member] | Wholesale Purchase Agreements with Embedded Interest Rate Cap Options [Member] | 364-day Revolving Note [Member] | ||||||||||||||||||||
Revolving Credit Facility [Member] | |||||||||||||||||||||||||||||||
Note 9 - Other Borrowings and Unused Lines of Credit (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other Borrowings | ' | $138,239,762 | $142,448,362 | ' | ' | ' | ' | ' | ' | ' | ' | ' | $30,000,000 | $50,000,000 | $50,000,000 | $25,000,000 | ' | ' | $130,000,000 | $130,000,000 | $5,600,000 | $2,648,362 | $2,639,762 | ' | $20,000,000 | $10,000,000 | $10,000,000 | $30,000,000 | $15,000,000 | ' | $20,000,000 |
Debt Instrument, Interest Rate, Stated Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.21% | 3.77% | 2.65% | 3.21% | ' | ' | ' | ' | ' | 6.00% | ' | ' | ' | ' | ' | 0.00% | ' |
Security Owned and Pledged as Collateral, Fair Value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 151,592,944 | 160,772,093 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Basis Spread on Variable Rate | ' | ' | ' | 2.50% | 3.00% | 3.00% | 3.17% | 2.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Interest Rate at Period End | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.71% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other | ' | ' | 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 | ' | 10,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Termination Loans | ' | ' | ' | ' | ' | ' | ' | ' | 10,000,000 | 10,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Term Loan Period | ' | ' | ' | ' | ' | ' | ' | ' | '3 years | '3 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility, Remaining Borrowing Capacity | ' | 311,703,791 | 351,291,107 | ' | ' | ' | ' | ' | ' | ' | 10,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Private Placement Units (in Shares) | 2,700 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from Issuance of Debt | 2,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Private Placement Price Per Unit (in Dollars per share) | $1,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Face Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,000 | ' | ' | ' | ' | ' | ' | ' |
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in Shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20 | ' | ' | ' | ' | ' | ' | ' |
Common Stock, Par or Stated Value Per Share (in Dollars per share) | $1 | $1 | $1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per Item) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10 | ' | ' | ' | ' | ' | ' | ' |
Warrants Exercised (in Shares) | ' | 54,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from Warrant Exercises | ' | $540,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Note_9_Other_Borrowings_and_Un3
Note 9 - Other Borrowings and Unused Lines of Credit (Details) - Other Borrowings (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Note 9 - Other Borrowings and Unused Lines of Credit (Details) - Other Borrowings [Line Items] | ' | ' |
Other borrowings | $142,448,362 | $138,239,762 |
Wholesale Repurchase Agreements [Member] | ' | ' |
Note 9 - Other Borrowings and Unused Lines of Credit (Details) - Other Borrowings [Line Items] | ' | ' |
Other borrowings | 130,000,000 | 130,000,000 |
Term Note [Member] | ' | ' |
Note 9 - Other Borrowings and Unused Lines of Credit (Details) - Other Borrowings [Line Items] | ' | ' |
Other borrowings | 9,800,000 | ' |
364-day Revolving Note [Member] | ' | ' |
Note 9 - Other Borrowings and Unused Lines of Credit (Details) - Other Borrowings [Line Items] | ' | ' |
Other borrowings | ' | 5,600,000 |
Series A Subordinated Notes [Member] | ' | ' |
Note 9 - Other Borrowings and Unused Lines of Credit (Details) - Other Borrowings [Line Items] | ' | ' |
Other borrowings | $2,648,362 | $2,639,762 |
Note_9_Other_Borrowings_and_Un4
Note 9 - Other Borrowings and Unused Lines of Credit (Details) - Wholesale Repurchase Agreements (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Note 9 - Other Borrowings and Unused Lines of Credit (Details) - Wholesale Repurchase Agreements [Line Items] | ' | ' |
Wholesale repurchase agreements (in Dollars) | $142,448,362 | $138,239,762 |
Wholesale Repurchase Agreements [Member] | ' | ' |
Note 9 - Other Borrowings and Unused Lines of Credit (Details) - Wholesale Repurchase Agreements [Line Items] | ' | ' |
Wholesale repurchase agreements (in Dollars) | 130,000,000 | 130,000,000 |
Weighted average interest rate at year-end | 3.21% | 3.43% |
Maturing in Next 12 Months [Member] | Wholesale Repurchase Agreements [Member] | ' | ' |
Note 9 - Other Borrowings and Unused Lines of Credit (Details) - Wholesale Repurchase Agreements [Line Items] | ' | ' |
Wholesale repurchase agreements (in Dollars) | 5,000,000 | 35,000,000 |
Weighted average interest rate at year-end | 2.77% | 3.00% |
Maturing in 2015 [Member] | Wholesale Repurchase Agreements [Member] | ' | ' |
Note 9 - Other Borrowings and Unused Lines of Credit (Details) - Wholesale Repurchase Agreements [Line Items] | ' | ' |
Wholesale repurchase agreements (in Dollars) | ' | 20,000,000 |
Weighted average interest rate at year-end | 0.00% | 3.46% |
Maturing in 2016 [Member] | Wholesale Repurchase Agreements [Member] | ' | ' |
Note 9 - Other Borrowings and Unused Lines of Credit (Details) - Wholesale Repurchase Agreements [Line Items] | ' | ' |
Wholesale repurchase agreements (in Dollars) | 10,000,000 | 10,000,000 |
Weighted average interest rate at year-end | 3.00% | 3.00% |
Maturing Thereafter [Member] | Wholesale Repurchase Agreements [Member] | ' | ' |
Note 9 - Other Borrowings and Unused Lines of Credit (Details) - Wholesale Repurchase Agreements [Line Items] | ' | ' |
Wholesale repurchase agreements (in Dollars) | $115,000,000 | $65,000,000 |
Weighted average interest rate at year-end | 3.25% | 3.71% |
Note_9_Other_Borrowings_and_Un5
Note 9 - Other Borrowings and Unused Lines of Credit (Details) - Unused Lines of Credit (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Note 9 - Other Borrowings and Unused Lines of Credit (Details) - Unused Lines of Credit [Line Items] | ' | ' |
Unused lines of credit | $351,291,107 | $311,703,791 |
Secured Debt [Member] | ' | ' |
Note 9 - Other Borrowings and Unused Lines of Credit (Details) - Unused Lines of Credit [Line Items] | ' | ' |
Unused lines of credit | 26,791,107 | 52,703,791 |
Unsecured Debt [Member] | ' | ' |
Note 9 - Other Borrowings and Unused Lines of Credit (Details) - Unused Lines of Credit [Line Items] | ' | ' |
Unused lines of credit | $324,500,000 | $259,000,000 |
Note_10_Junior_Subordinate_Deb2
Note 10 - Junior Subordinate Debentures (Details) (USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Issued in September 2004 [Member] | London Interbank Offered Rate (LIBOR) [Member] | ' |
Note 10 - Junior Subordinate Debentures (Details) [Line Items] | ' |
Debt Instrument, Basis Spread on Variable Rate | 2.17% |
Issued in September 2004 [Member] | Junior Subordinated Debt [Member] | ' |
Note 10 - Junior Subordinate Debentures (Details) [Line Items] | ' |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt (in Dollars) | 3,093,000 |
Issued in March 2007 [Member] | London Interbank Offered Rate (LIBOR) [Member] | ' |
Note 10 - Junior Subordinate Debentures (Details) [Line Items] | ' |
Debt Instrument, Basis Spread on Variable Rate | 1.75% |
Issued in March 2007 [Member] | Junior Subordinated Debt [Member] | ' |
Note 10 - Junior Subordinate Debentures (Details) [Line Items] | ' |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt (in Dollars) | 3,609,000 |
Note_10_Junior_Subordinate_Deb3
Note 10 - Junior Subordinate Debentures (Details) - Junior Subordinated Debentures (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Subordinated Borrowing [Line Items] | ' | ' |
Junior subordinated debentures | $40,289,830 | $36,085,000 |
Market Value Discount per ASC 805 (see Note 2) | -2,497,170 | ' |
Note Payable to Trust II [Member] | ' | ' |
Subordinated Borrowing [Line Items] | ' | ' |
Junior subordinated debentures | 12,372,000 | 12,372,000 |
Note Payable to Trust III [Member] | ' | ' |
Subordinated Borrowing [Line Items] | ' | ' |
Junior subordinated debentures | 8,248,000 | 8,248,000 |
Note Payable to Trust IV [Member] | ' | ' |
Subordinated Borrowing [Line Items] | ' | ' |
Junior subordinated debentures | 5,155,000 | 5,155,000 |
Note Payable to Trust V [Member] | ' | ' |
Subordinated Borrowing [Line Items] | ' | ' |
Junior subordinated debentures | 10,310,000 | 10,310,000 |
Community National Trust II [Member] | ' | ' |
Subordinated Borrowing [Line Items] | ' | ' |
Junior subordinated debentures | 3,093,000 | ' |
Community National Trust III [Member] | ' | ' |
Subordinated Borrowing [Line Items] | ' | ' |
Junior subordinated debentures | $3,609,000 | ' |
Note_10_Junior_Subordinate_Deb4
Note 10 - Junior Subordinate Debentures (Details) - Trust Preferred Securities (Trust Preferred Securities [Member], USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Investments in and Advances to Affiliates [Line Items] | ' | ' |
Amount Issued (in Dollars) | $42,787,000 | ' |
Interest rate description | ' | ' |
Interest rate period end | 2.51% | 2.68% |
QCR Holdings Statutory Trust II [Member] | ' | ' |
Investments in and Advances to Affiliates [Line Items] | ' | ' |
Date issued | 29-Feb-04 | ' |
Amount Issued (in Dollars) | 12,372,000 | ' |
Interest rate description | 2.85% | ' |
Interest rate period end | 3.10% | 3.21% |
QCR Holdings Statutory Trust III [Member] | ' | ' |
Investments in and Advances to Affiliates [Line Items] | ' | ' |
Date issued | 29-Feb-04 | ' |
Amount Issued (in Dollars) | 8,248,000 | ' |
Interest rate description | 2.85% | ' |
Interest rate period end | 3.10% | 3.21% |
QCR Holdings Statutory Trust IV [Member] | ' | ' |
Investments in and Advances to Affiliates [Line Items] | ' | ' |
Date issued | 31-May-05 | ' |
Amount Issued (in Dollars) | 5,155,000 | ' |
Interest rate description | 1.80% | ' |
Interest rate period end | 2.04% | 2.14% |
QCR Holdings Statutory Trust V [Member] | ' | ' |
Investments in and Advances to Affiliates [Line Items] | ' | ' |
Date issued | 28-Feb-06 | ' |
Amount Issued (in Dollars) | 10,310,000 | ' |
Interest rate description | 1.55% | ' |
Interest rate period end | 1.79% | 1.89% |
Community National Trust II [Member] | ' | ' |
Investments in and Advances to Affiliates [Line Items] | ' | ' |
Date issued | 30-Sep-04 | ' |
Amount Issued (in Dollars) | 3,093,000 | ' |
Interest rate description | 2.17% | ' |
Interest rate period end | 2.42% | ' |
Community National Trust III [Member] | ' | ' |
Investments in and Advances to Affiliates [Line Items] | ' | ' |
Date issued | 31-Mar-07 | ' |
Amount Issued (in Dollars) | $3,609,000 | ' |
Interest rate description | 1.75% | ' |
Interest rate period end | 1.99% | ' |
Note_11_Preferred_Stock_Detail
Note 11 - Preferred Stock (Details) (USD $) | 1 Months Ended | 0 Months Ended | 11 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 6 Months Ended | 12 Months Ended | 0 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | 3 Months Ended | 27 Months Ended | 3 Months Ended | 27 Months Ended | 1 Months Ended | 12 Months Ended | |||||||||||||||||
Dec. 23, 2013 | Sep. 15, 2011 | Dec. 31, 2009 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 20, 2013 | Dec. 31, 2012 | Jun. 30, 2010 | Jun. 30, 2010 | Dec. 31, 2013 | Dec. 31, 2013 | Nov. 16, 2011 | Sep. 15, 2011 | Feb. 13, 2009 | Dec. 31, 2011 | Feb. 13, 2009 | Feb. 13, 2009 | Jun. 30, 2010 | Dec. 23, 2013 | Dec. 31, 2012 | Jun. 30, 2010 | Dec. 31, 2013 | Dec. 31, 2013 | Sep. 30, 2011 | Dec. 31, 2013 | Dec. 31, 2011 | Sep. 15, 2011 | Dec. 31, 2013 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2011 | Dec. 31, 2013 | Jun. 29, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Conversion Price for Series E Preferred Stock Into Common Stock [Member] | Minimum Trading Price to Trigger Stock Conversion [Member] | Minimum Before Holder Receives Right to Designate Two Directors [Member] | If No Increase or Decrease in QSBL [Member] | Series D Cumulative Perpetual Preferred Stock [Member] | Series D Cumulative Perpetual Preferred Stock [Member] | Series D Cumulative Perpetual Preferred Stock [Member] | Series D Cumulative Perpetual Preferred Stock [Member] | Series D Cumulative Perpetual Preferred Stock [Member] | Series D Cumulative Perpetual Preferred Stock [Member] | Series E Non-Cumulative Perpetual Preferred Stock [Member] | Series E Non-Cumulative Perpetual Preferred Stock [Member] | Series E Non-Cumulative Perpetual Preferred Stock [Member] | Exchange of Series B and C Preferred Stock for Series E Non-Cumulative Perpetual Preferred Stock [Member] | Series B Preferred Stock [Member] | Series C Preferred Stock [Member] | Series F Preferred Stock [Member] | Series F Preferred Stock [Member] | Series F Preferred Stock [Member] | Series F Preferred Stock [Member] | Series F Preferred Stock [Member] | Series F Preferred Stock [Member] | Series F Preferred Stock [Member] | Series F Preferred Stock [Member] | Series F Preferred Stock [Member] | Series F Noncumulative Perpetual Preferred Stock [Member] | Series F Noncumulative Perpetual Preferred Stock [Member] | Series F Noncumulative Perpetual Preferred Stock [Member] | Series F Noncumulative Perpetual Preferred Stock [Member] | ||||||||
Series F Preferred Stock [Member] | First Five Years [Member] | After Five Years [Member] | After Four and a Half Years [Member] | Minimum [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | |||||||||||||||||||||||||||||
Second Through Tenth Calendar Quarters [Member] | Eleventh Calendar Quarter Through Four and a Half Years [Member] | Second Through Tenth Calendar Quarters [Member] | Eleventh Calendar Quarter Through Four and a Half Years [Member] | |||||||||||||||||||||||||||||||||
Note 11 - Preferred Stock (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Issued During Period, Shares, New Issues (in Shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 38,327 | 38,237 | ' | ' | ' | 25,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 40,090 |
Proceeds from Issuance of Preferred Stock and Preference Stock (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $38,237,000 | ' | ' | ' | $4,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $39,996,922 |
Preferred Stock, Dividend Rate, Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5.00% | 9.00% | 7.00% | ' | ' | ' | 8.00% | 9.50% | 5.00% | 9.00% | 5.00% | ' | 9.00% | 1.00% | 1.00% | 5.00% | 5.00% | ' | ' | ' | ' |
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in Shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 521,888 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per Item) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10.99 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair Value Inputs, Discount Rate | ' | ' | 6.23% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 12.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred Stock, Value, Issued (in Dollars) | ' | ' | ' | ' | 29,867 | ' | 54,867 | ' | ' | ' | ' | ' | ' | 35,800,000 | ' | ' | ' | 25,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Warrants and Rights Outstanding (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred Stock, Discount on Shares (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares Of Series D Cumulative Perpetual Preferred Stock Redeemed (in Shares) | ' | 38,237 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred Stock, Accretion of Redemption Discount (in Dollars) | ' | ' | ' | 1,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | 1,252,023 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Payments for Repurchase of Warrants (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred Stock, Liquidation Preference Per Share (in Dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred Stock, Redemption Amount (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 38,237,000 | ' | -38,237,000 | ' | ' | ' | ' | ' | 20,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -10,223,000 | ' |
Preferred Stock, Redemption Price Per Share (in Dollars per share) | ' | ' | ' | ' | ' | ' | ' | $12.15 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share Price (in Dollars per share) | ' | ' | ' | ' | ' | $17.24 | ' | ' | $17.22 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred Stock, Par or Stated Value Per Share (in Dollars per share) | ' | ' | ' | ' | $1 | ' | $1 | ' | ' | ' | $0.07 | ' | ' | ' | ' | ' | ' | ' | $1,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share Conversion, Fractional Amount (in Dollars) | 1,915 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Issued During Period, Shares, Conversion of Convertible Securities (in Shares) | 2,057,502 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred Stock, Shares Issued (in Shares) | ' | ' | ' | ' | 29,867 | ' | 54,867 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 25,000 | ' | ' | ' | ' | ' | ' | 40,090 | ' | ' | ' | ' | ' | ' | 29,867 | 29,867 | ' |
Proceeds from Sale of Treasury Stock (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 40,090,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dividends, Preferred Stock (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 159,321 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Lending Incentive Fee Per Year | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred Stock, Liquidation Preference, Value (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | ' | 25,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Redeemed or Called During Period, Shares (in Shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10,223 | 10,223 | 10,223 | ' |
Stock Redeemed or Called During Period, Value (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -38,237,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10,223,000 | ' | -10,223,000 | ' |
Dividends Payable, Current (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $124,948 | ' | ' | ' |
Note_11_Preferred_Stock_Detail1
Note 11 - Preferred Stock (Details) - Preferred Stock | Dec. 31, 2013 | Dec. 31, 2012 |
Note 11 - Preferred Stock (Details) - Preferred Stock [Line Items] | ' | ' |
Preferred stock | 29,867 | 54,867 |
Series E Non-Cumulative Perpetual Preferred Stock [Member] | ' | ' |
Note 11 - Preferred Stock (Details) - Preferred Stock [Line Items] | ' | ' |
Preferred stock | ' | 25,000 |
Series F Noncumulative Perpetual Preferred Stock [Member] | ' | ' |
Note 11 - Preferred Stock (Details) - Preferred Stock [Line Items] | ' | ' |
Preferred stock | 29,867 | 29,867 |
Note_12_Federal_and_State_Inco2
Note 12 - Federal and State Income Taxes (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Note 12 - Federal and State Income Taxes (Details) [Line Items] | ' | ' |
Unrecognized Tax Benefits that Would Impact Effective Tax Rate | $742,000 | ' |
Unrecognized Tax Benefits, Interest on Income Taxes Accrued | 316,000 | 302,000 |
Federal [Member] | ' | ' |
Note 12 - Federal and State Income Taxes (Details) [Line Items] | ' | ' |
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | 6,949,939 | ' |
Federal Maturing in 2029 [Member] | ' | ' |
Note 12 - Federal and State Income Taxes (Details) [Line Items] | ' | ' |
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | 4,289,818 | ' |
Federal Maturing in 2030 [Member] | ' | ' |
Note 12 - Federal and State Income Taxes (Details) [Line Items] | ' | ' |
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | 1,188,424 | ' |
Federal Maturing in 2031 [Member] | ' | ' |
Note 12 - Federal and State Income Taxes (Details) [Line Items] | ' | ' |
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | 471,018 | ' |
Federal Maturing in 2032 [Member] | ' | ' |
Note 12 - Federal and State Income Taxes (Details) [Line Items] | ' | ' |
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | 226,883 | ' |
Federal Maturing in 2033 [Member] | ' | ' |
Note 12 - Federal and State Income Taxes (Details) [Line Items] | ' | ' |
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | 773,797 | ' |
State [Member] | ' | ' |
Note 12 - Federal and State Income Taxes (Details) [Line Items] | ' | ' |
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | $9,590,393 | ' |
Note_12_Federal_and_State_Inco3
Note 12 - Federal and State Income Taxes (Details) - Federal and State Income Tax Expense (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Federal and State Income Tax Expense [Abstract] | ' | ' | ' |
Current | $5,639,933 | $2,232,183 | $195,135 |
Deferred | -1,021,991 | 2,302,418 | 3,673,064 |
$4,617,942 | $4,534,601 | $3,868,199 |
Note_12_Federal_and_State_Inco4
Note 12 - Federal and State Income Taxes (Details) - Reconciliation of the Expected Federal Income Tax Expense (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Reconciliation of the Expected Federal Income Tax Expense [Abstract] | ' | ' | ' |
Computed "expected" tax expense | $6,844,665 | $6,174,295 | $4,899,324 |
Computed "expected" tax expense | 35.00% | 35.00% | 35.00% |
Effect of graduated tax rates interest | -123,868 | -20,775 | -139,981 |
Effect of graduated tax rates interest | -0.60% | -0.10% | -1.00% |
Tax exempt income, net | -1,790,049 | -1,243,660 | -692,742 |
Tax exempt income, net | -9.20% | -7.00% | -4.90% |
Bank-owned life insurance | -624,847 | -544,292 | -490,491 |
Bank-owned life insurance | -3.20% | -3.10% | -3.50% |
State income taxes, net of federal benefit, current year | 758,695 | 730,865 | 533,250 |
State income taxes, net of federal benefit, current year | 3.90% | 4.10% | 3.80% |
Change in unrecognized tax benefits | 37,180 | -149,183 | 2,074 |
Change in unrecognized tax benefits | 0.20% | -0.80% | ' |
Acquisition costs | 248,952 | ' | ' |
Acquisition costs | 1.30% | ' | ' |
Noncontrolling interests | ' | -166,081 | -148,995 |
Noncontrolling interests | ' | -0.90% | -1.10% |
Other | -732,786 | -246,568 | -94,240 |
Other | -3.80% | -1.50% | -0.70% |
$4,617,942 | $4,534,601 | $3,868,199 | |
23.60% | 25.70% | 27.60% |
Note_12_Federal_and_State_Inco5
Note 12 - Federal and State Income Taxes (Details) - Unrecognized Tax Benefits (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Unrecognized Tax Benefits [Abstract] | ' | ' |
Balance, beginning | $994,078 | $1,148,549 |
Balance, ending | 1,058,019 | 994,078 |
Impact of tax positions taken during current year | 288,016 | 202,341 |
Gross increase related to tax positions of prior years | 16,939 | 21,781 |
Reduction as a result of a lapse of the applicable statute of limitations | ($241,014) | ($378,593) |
Note_12_Federal_and_State_Inco6
Note 12 - Federal and State Income Taxes (Details) - Deferred Tax Assets (Liabilities) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Deferred tax assets: | ' | ' |
Alternative minimum tax credits | $3,936,226 | $2,717,333 |
New markets tax credits | 1,500,000 | 1,000,000 |
Net unrealized losses on securities available for sale | 8,468,118 | ' |
Compensation | 7,056,579 | 5,748,551 |
Loan/lease losses | 6,890,532 | 6,041,379 |
Net operating loss carryforwards, federal and state | 2,914,140 | 897,910 |
Deferred loan origination fees, net | 143,949 | 299,670 |
Other | 410,640 | 469,673 |
31,320,184 | 17,174,516 | |
Deferred tax liabilities: | ' | ' |
Net unrealized gains on securities available for sale | ' | 2,905,784 |
Premises and equipment | 1,575,582 | 1,601,682 |
Equipment financing leases | 23,191,514 | 20,013,576 |
Acquisition fair value adjustments | 1,319,981 | ' |
Investment accretion | 45,463 | 45,363 |
Other | 551,080 | 367,440 |
26,683,620 | 24,933,845 | |
Net deferred tax asset (liability) | $4,636,564 | ($7,759,329) |
Note_12_Federal_and_State_Inco7
Note 12 - Federal and State Income Taxes (Details) - The Change in Deferred Income Taxes (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Note 12 - Federal and State Income Taxes (Details) - The Change in Deferred Income Taxes [Line Items] | ' | ' | ' |
Provision for income taxes | $4,617,942 | $4,534,601 | $3,868,199 |
1,021,991 | -2,684,367 | -3,673,064 | |
Due to Change in Deferred Income Taxes [Member] | ' | ' | ' |
Note 12 - Federal and State Income Taxes (Details) - The Change in Deferred Income Taxes [Line Items] | ' | ' | ' |
Provision for income taxes | -1,021,991 | 2,302,418 | 3,673,064 |
Statement of stockholders' equity- accumulated other comprehensive income (loss), unrealized gains (losses) on securities available for sale, net | -11,373,902 | -35,008 | 2,510,006 |
As Reflected in Consolidated Financial Statements [Member] | ' | ' | ' |
Note 12 - Federal and State Income Taxes (Details) - The Change in Deferred Income Taxes [Line Items] | ' | ' | ' |
($12,395,893) | $2,267,410 | $6,183,070 |
Note_13_Employee_Benefit_Plans2
Note 13 - Employee Benefit Plans (Details) (USD $) | 12 Months Ended | |||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | |
Note 13 - Employee Benefit Plans (Details) [Line Items] | ' | ' | ' | ' |
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent | 4.50% | ' | ' | ' |
Defined Contribution Plan, Cost Recognized | $264,672 | $289,437 | $190,105 | ' |
Deferred Compensation Liability, Current and Noncurrent | 6,224,368 | 5,151,630 | 4,202,733 | 3,469,525 |
Certain Management Officers [Member] | Maximum [Member] | ' | ' | ' | ' |
Note 13 - Employee Benefit Plans (Details) [Line Items] | ' | ' | ' | ' |
Interest on Deferred Compensation Amounts | 8.00% | ' | ' | ' |
Agreements with Certain Management and Executive Officers [Member] | ' | ' | ' | ' |
Note 13 - Employee Benefit Plans (Details) [Line Items] | ' | ' | ' | ' |
Deferred Compensation Liability, Current and Noncurrent | ' | 5,151,630 | ' | ' |
Agreements with Certain Management and Executive Officers [Member] | ' | ' | ' | ' |
Note 13 - Employee Benefit Plans (Details) [Line Items] | ' | ' | ' | ' |
Deferred Compensation Liability, Current and Noncurrent | 6,224,368 | ' | ' | ' |
First Three Percent of Employees Wages [Member] | ' | ' | ' | ' |
Note 13 - Employee Benefit Plans (Details) [Line Items] | ' | ' | ' | ' |
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay | 100.00% | ' | ' | ' |
Match at 100 Percent [Member] | ' | ' | ' | ' |
Note 13 - Employee Benefit Plans (Details) [Line Items] | ' | ' | ' | ' |
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent | 3.00% | ' | ' | ' |
From Four to Four and a Half Percent of Employee's Wages [Member] | ' | ' | ' | ' |
Note 13 - Employee Benefit Plans (Details) [Line Items] | ' | ' | ' | ' |
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay | 50.00% | ' | ' | ' |
Matched at 50% [Member] | ' | ' | ' | ' |
Note 13 - Employee Benefit Plans (Details) [Line Items] | ' | ' | ' | ' |
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent | 3.00% | ' | ' | ' |
Supplemental Executive Retirement Plans [Member] | ' | ' | ' | ' |
Note 13 - Employee Benefit Plans (Details) [Line Items] | ' | ' | ' | ' |
Deferred Compensation Arrangement with Individual, Recorded Liability | 317,418 | ' | ' | ' |
Deferred Compensation Liability, Current and Noncurrent | 3,267,587 | 2,802,497 | ' | ' |
Defined Benefit Plan, Contributions by Employer | 117,000 | 117,000 | ' | ' |
Minimum [Member] | Certain Executive Officers [Member] | ' | ' | ' | ' |
Note 13 - Employee Benefit Plans (Details) [Line Items] | ' | ' | ' | ' |
Deferred Compensation Arrangement with Individual, Employer Contribution | 10,000 | ' | ' | ' |
Interest on Deferred Compensation Amounts | 6.00% | ' | ' | ' |
Minimum [Member] | Certain Management Officers [Member] | ' | ' | ' | ' |
Note 13 - Employee Benefit Plans (Details) [Line Items] | ' | ' | ' | ' |
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay | 4.00% | ' | ' | ' |
Interest on Deferred Compensation Amounts | 4.00% | ' | ' | ' |
Maximum [Member] | Certain Executive Officers [Member] | ' | ' | ' | ' |
Note 13 - Employee Benefit Plans (Details) [Line Items] | ' | ' | ' | ' |
Deferred Compensation Arrangement with Individual, Employer Contribution | $20,000 | ' | ' | ' |
Interest on Deferred Compensation Amounts | 12.00% | ' | ' | ' |
Maximum [Member] | Certain Management Officers [Member] | ' | ' | ' | ' |
Note 13 - Employee Benefit Plans (Details) [Line Items] | ' | ' | ' | ' |
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay | 10.00% | ' | ' | ' |
Note_13_Employee_Benefit_Plans3
Note 13 - Employee Benefit Plans (Details) - Profit Sharing Contributions (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Profit Sharing Contributions [Abstract] | ' | ' | ' |
Matching contribution | $1,046,526 | $1,014,418 | $929,869 |
Discretionary contribution | 186,000 | 188,700 | 150,000 |
$1,232,526 | $1,203,118 | $1,079,869 |
Note_13_Employee_Benefit_Plans4
Note 13 - Employee Benefit Plans (Details) - Deferred Compensation Agreements (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Deferred Compensation Agreements [Abstract] | ' | ' | ' |
Balance, beginning | $5,151,630 | $4,202,733 | $3,469,525 |
Balance, ending | 6,224,368 | 5,151,630 | 4,202,733 |
Company expense | 557,663 | 555,407 | 414,478 |
Employee deferrals | 525,469 | 405,788 | 381,616 |
Cash payments made | ($10,394) | ($12,298) | ($62,886) |
Note_14_StockBased_Compensatio2
Note 14 - Stock-Based Compensation (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Note 14 - Stock-Based Compensation (Details) [Line Items] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 294,831 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term | ' | '10 years | ' |
Stock Appreciation Rights (SARs) [Member] | ' | ' | ' |
Note 14 - Stock-Based Compensation (Details) [Line Items] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights | ' | ' | '20% |
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period | ' | ' | '10 years |
Payments to Employees (in Dollars) | ' | ' | 67,326 |
2008 Equity Incentive Plan [Member] | ' | ' | ' |
Note 14 - Stock-Based Compensation (Details) [Line Items] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 250,000 | ' | ' |
2010 Equity Incentive Plan [Member] | ' | ' | ' |
Note 14 - Stock-Based Compensation (Details) [Line Items] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 350,000 | ' | ' |
2013 Equity Incentive Plan [Member] | ' | ' | ' |
Note 14 - Stock-Based Compensation (Details) [Line Items] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 350,000 | ' | ' |
Employee Stock Purchase Plan [Member] | ' | ' | ' |
Note 14 - Stock-Based Compensation (Details) [Line Items] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | ' | 254,851 | ' |
Maximum Amount Per Employee Per Offering Period for Employee Stock Purchase Plan (in Dollars) | $7,500 | ' | ' |
Maximum Amount Per Employee Per Offering Period For Employee Stock Purchase Plan Percent | 8.00% | 8.00% | 8.00% |
Minimum [Member] | ' | ' | ' |
Note 14 - Stock-Based Compensation (Details) [Line Items] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | ' | '1 year | ' |
Maximum [Member] | ' | ' | ' |
Note 14 - Stock-Based Compensation (Details) [Line Items] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | ' | '5 years | ' |
Note_14_StockBased_Compensatio3
Note 14 - Stock-Based Compensation (Details) - Stock-based Compensation Expense (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Allocated share based compensation expense | $792,279 | $849,760 | $696,407 |
Stock Option and Incentive Plans [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Allocated share based compensation expense | 734,827 | 798,929 | 587,900 |
Stock Purchase Plan [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Allocated share based compensation expense | 57,452 | 50,831 | 58,519 |
Stock Appreciation Rights (SARs) [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Allocated share based compensation expense | ' | ' | $49,988 |
Note_14_StockBased_Compensatio4
Note 14 - Stock-Based Compensation (Details) - Stock Option Plans (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Stock Option Plans [Abstract] | ' | ' | ' |
Outstanding, beginning | 608,852 | 535,130 | 510,612 |
Outstanding, beginning (in Dollars per share) | $13.27 | $13.85 | $14.04 |
Outstanding, ending | 662,506 | 608,852 | 535,130 |
Outstanding, ending (in Dollars per share) | $13.82 | $13.27 | $13.85 |
Exercisable, ending | 419,735 | 391,378 | 355,398 |
Weighted average fair value per option of options granted during the period (in Dollars per share) | $5.14 | $2.79 | $2.74 |
Granted | 96,232 | 102,722 | 73,250 |
Granted (in Dollars per share) | $15.68 | $9.30 | $8.23 |
Exercised | -41,258 | -17,876 | -36,459 |
Exercised (in Dollars per share) | $10.06 | $9.68 | $8.30 |
Forfeited | -1,320 | -11,124 | -12,273 |
Forfeited (in Dollars per share) | $10.53 | $10.57 | $8.28 |
Note_14_StockBased_Compensatio5
Note 14 - Stock-Based Compensation (Details) - Options Outstanding (USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Number Outstanding (in Shares) | 662,506 |
Number Exercisable (in Shares) | 419,735 |
$7.72 to $8.93 [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Exercise Price Range, Lower Range | $7.72 |
Exercise Price Range, Upper Range | $8.93 |
Number Outstanding (in Shares) | 58,510 |
Weighted Average Remaining Contractual Life | '6 years 332 days |
Weighted Average Exercise Price Options Outstanding | $8.12 |
Number Exercisable (in Shares) | 22,520 |
Weighted Average Exercise Price Options Exercisable | $8.21 |
$9.00 to $11.64 [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Exercise Price Range, Lower Range | $9 |
Exercise Price Range, Upper Range | $11.64 |
Number Outstanding (in Shares) | 212,004 |
Weighted Average Remaining Contractual Life | '6 years 299 days |
Weighted Average Exercise Price Options Outstanding | $9.21 |
Number Exercisable (in Shares) | 101,355 |
Weighted Average Exercise Price Options Exercisable | $9.19 |
$13.25 to $16.85 [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Exercise Price Range, Lower Range | $13.25 |
Exercise Price Range, Upper Range | $16.85 |
Number Outstanding (in Shares) | 243,567 |
Weighted Average Remaining Contractual Life | '5 years 328 days |
Weighted Average Exercise Price Options Outstanding | $15.85 |
Number Exercisable (in Shares) | 149,435 |
Weighted Average Exercise Price Options Exercisable | $15.99 |
$17.00 to $18.60 [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Exercise Price Range, Lower Range | $17 |
Exercise Price Range, Upper Range | $18.60 |
Number Outstanding (in Shares) | 51,840 |
Weighted Average Remaining Contractual Life | '2 years 18 days |
Weighted Average Exercise Price Options Outstanding | $18.05 |
Number Exercisable (in Shares) | 49,840 |
Weighted Average Exercise Price Options Exercisable | $18.06 |
$18.67 to $20.90 [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Exercise Price Range, Lower Range | $18.67 |
Exercise Price Range, Upper Range | $20.90 |
Number Outstanding (in Shares) | 67,885 |
Weighted Average Remaining Contractual Life | '1 year 58 days |
Weighted Average Exercise Price Options Outstanding | $19.48 |
Number Exercisable (in Shares) | 67,885 |
Weighted Average Exercise Price Options Exercisable | $19.48 |
$21.00 to $22.00 [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Exercise Price Range, Lower Range | $21 |
Exercise Price Range, Upper Range | $22 |
Number Outstanding (in Shares) | 28,700 |
Weighted Average Remaining Contractual Life | '1 year 58 days |
Weighted Average Exercise Price Options Outstanding | $21.28 |
Number Exercisable (in Shares) | 28,700 |
Weighted Average Exercise Price Options Exercisable | $21.28 |
Note_14_StockBased_Compensatio6
Note 14 - Stock-Based Compensation (Details) - Stock Purchase Plan (Employee Stock Purchase Plan [Member], USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Employee Stock Purchase Plan [Member] | ' | ' | ' |
Note 14 - Stock-Based Compensation (Details) - Stock Purchase Plan [Line Items] | ' | ' | ' |
Shares granted | 27,415 | 29,671 | 34,860 |
Shares purchased | 27,110 | 31,554 | 36,174 |
Weighted average fair value per share granted (in Dollars per share) | $2.10 | $1.71 | $1.68 |
Note_15_Regulatory_Capital_Req2
Note 15 - Regulatory Capital Requirements and Restrictions on Dividends (Details) - Capital Requirements (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Company [Member] | ' | ' |
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ' | ' |
Total risk-based capital (in Dollars) | $217,011 | $188,841 |
Total risk-based capital ratio | 12.87% | 12.71% |
Total risk-based capital required for capital adequacy purposes (in Dollars) | 134,935 | 118,878 |
Total risk-based capital required for capital adequacy purposes ratio | 8.00% | 8.00% |
Tier 1 risk-based capital (in Dollars) | 193,044 | 167,475 |
Tier 1 risk-based capital ratio | 11.45% | 11.27% |
Tier 1 risk-based capital required for capital adequacy purposes (in Dollars) | 67,468 | 59,439 |
Tier 1 risk-based capital required for capital adequacy purposes ratio | 4.00% | 4.00% |
Tier 1 leverage (in Dollars) | 193,044 | 167,475 |
Tier 1 leverage ratio | 7.96% | 8.13% |
Tier 1 leverage required for capital adequacy purposes (in Dollars) | 97,029 | 82,357 |
Tier 1 leverage required for capital adequacy purposes ratio | 4.00% | 4.00% |
Quad City Bank and Trust [Member] | ' | ' |
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ' | ' |
Total risk-based capital (in Dollars) | 101,168 | 98,789 |
Total risk-based capital ratio | 12.25% | 12.12% |
Total risk-based capital required for capital adequacy purposes (in Dollars) | 66,049 | 65,218 |
Total risk-based capital required for capital adequacy purposes ratio | 8.00% | 8.00% |
Total risk-based capital required to be well capitalized under prompt corrective action provisions (in Dollars) | 82,562 | 81,522 |
Total risk-based capital required to be well capitalized under prompt corrective action provisions ratio | 10.00% | 10.00% |
Tier 1 risk-based capital (in Dollars) | 91,820 | 90,533 |
Tier 1 risk-based capital ratio | 11.12% | 11.11% |
Tier 1 risk-based capital required for capital adequacy purposes (in Dollars) | 33,025 | 32,609 |
Tier 1 risk-based capital required for capital adequacy purposes ratio | 4.00% | 4.00% |
Tier 1 risk-based capital required to be well capitalized under prompt corrective action provisions (in Dollars) | 49,537 | 48,913 |
Tier 1 risk-based capital required to be well capitalized under prompt corrective action provisions ratio | 6.00% | 6.00% |
Tier 1 leverage (in Dollars) | 91,820 | 90,533 |
Tier 1 leverage ratio | 7.13% | 7.74% |
Tier 1 leverage required for capital adequacy purposes (in Dollars) | 51,527 | 46,784 |
Tier 1 leverage required for capital adequacy purposes ratio | 4.00% | 4.00% |
Tier 1 leverage to be well capitalized under prompt corrective action provisions (in Dollars) | 64,408 | 58,480 |
Tier 1 leverage required to be well capitalized under prompt corrective action provisions ratio | 5.00% | 5.00% |
Cedar Rapids Bank and Trust [Member] | ' | ' |
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ' | ' |
Total risk-based capital (in Dollars) | 74,912 | 55,736 |
Total risk-based capital ratio | 12.54% | 12.87% |
Total risk-based capital required for capital adequacy purposes (in Dollars) | 47,808 | 34,652 |
Total risk-based capital required for capital adequacy purposes ratio | 8.00% | 8.00% |
Total risk-based capital required to be well capitalized under prompt corrective action provisions (in Dollars) | 59,760 | 43,315 |
Total risk-based capital required to be well capitalized under prompt corrective action provisions ratio | 10.00% | 10.00% |
Tier 1 risk-based capital (in Dollars) | 67,432 | 50,297 |
Tier 1 risk-based capital ratio | 11.28% | 11.61% |
Tier 1 risk-based capital required for capital adequacy purposes (in Dollars) | 23,904 | 17,326 |
Tier 1 risk-based capital required for capital adequacy purposes ratio | 4.00% | 4.00% |
Tier 1 risk-based capital required to be well capitalized under prompt corrective action provisions (in Dollars) | 35,856 | 25,989 |
Tier 1 risk-based capital required to be well capitalized under prompt corrective action provisions ratio | 6.00% | 6.00% |
Tier 1 leverage (in Dollars) | 67,432 | 50,297 |
Tier 1 leverage ratio | 8.78% | 8.49% |
Tier 1 leverage required for capital adequacy purposes (in Dollars) | 30,736 | 23,685 |
Tier 1 leverage required for capital adequacy purposes ratio | 4.00% | 4.00% |
Tier 1 leverage to be well capitalized under prompt corrective action provisions (in Dollars) | 38,420 | 29,606 |
Tier 1 leverage required to be well capitalized under prompt corrective action provisions ratio | 5.00% | 5.00% |
Rockford Bank and Trust [Member] | ' | ' |
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ' | ' |
Total risk-based capital (in Dollars) | 38,778 | 36,894 |
Total risk-based capital ratio | 14.59% | 15.33% |
Total risk-based capital required for capital adequacy purposes (in Dollars) | 21,263 | 19,255 |
Total risk-based capital required for capital adequacy purposes ratio | 8.00% | 8.00% |
Total risk-based capital required to be well capitalized under prompt corrective action provisions (in Dollars) | 26,579 | 24,609 |
Total risk-based capital required to be well capitalized under prompt corrective action provisions ratio | 10.00% | 10.00% |
Tier 1 risk-based capital (in Dollars) | 35,449 | 33,870 |
Tier 1 risk-based capital ratio | 13.34% | 14.07% |
Tier 1 risk-based capital required for capital adequacy purposes (in Dollars) | 10,631 | 9,628 |
Tier 1 risk-based capital required for capital adequacy purposes ratio | 4.00% | 4.00% |
Tier 1 risk-based capital required to be well capitalized under prompt corrective action provisions (in Dollars) | 15,947 | 14,441 |
Tier 1 risk-based capital required to be well capitalized under prompt corrective action provisions ratio | 6.00% | 6.00% |
Tier 1 leverage (in Dollars) | 35,449 | 33,870 |
Tier 1 leverage ratio | 10.54% | 11.13% |
Tier 1 leverage required for capital adequacy purposes (in Dollars) | 13,459 | 12,177 |
Tier 1 leverage required for capital adequacy purposes ratio | 4.00% | 4.00% |
Tier 1 leverage to be well capitalized under prompt corrective action provisions (in Dollars) | $16,824 | $15,221 |
Tier 1 leverage required to be well capitalized under prompt corrective action provisions ratio | 5.00% | 5.00% |
Note_16_Earnings_Per_Common_Sh2
Note 16 - Earnings Per Common Share (Details) (USD $) | 12 Months Ended | ||
In Millions, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Earnings Per Share [Abstract] | ' | ' | ' |
Preferred Stock, Accretion of Redemption Discount (in Dollars) | ' | ' | $1.20 |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 116,324 | 158,375 | 546,521 |
Note_16_Earnings_Per_Common_Sh3
Note 16 - Earnings Per Common Share (Details) - Earnings Per Share - Basic and Diluted (USD $) | 12 Months Ended | |||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||||
Earnings Per Share - Basic and Diluted [Abstract] | ' | ' | ' | |||
Net income | $14,938,245 | $13,106,240 | $10,129,869 | |||
Less: Net income attributable to noncontrolling interests | ' | 488,473 | 438,221 | |||
Net income attributable to QCR Holdings, Inc. | 14,938,245 | 12,617,767 | 9,691,648 | |||
Less: Preferred stock dividends and discount accretion | 3,168,302 | 3,496,085 | 5,283,885 | [1] | ||
Net income attributable to QCR Holdings, Inc. common stockholders | $11,769,943 | $9,121,682 | $4,407,763 | |||
Earnings per common share attributable to QCR Holdings, Inc. common stockholders | ' | ' | ' | |||
Basic (in Dollars per share) | $2.13 | $1.88 | $0.93 | |||
Diluted (in Dollars per share) | $2.08 | $1.85 | $0.92 | |||
Weighted average common shares outstanding (in Shares) | 5,531,948 | 4,844,776 | 4,724,781 | |||
Weighted average common shares issuable upon exercise of stock options and under the employee stock purchase plan ** (in Shares) | 114,978 | [2] | 74,783 | [2] | 64,245 | [2] |
Weighted average common and common equivalent shares outstanding (in Shares) | 5,646,926 | 4,919,559 | 4,789,026 | |||
[1] | For the year ended December 31, 2011, includes approximately $1.2 million of accelerated accretion of discount on the redemption of Series D Preferred Stock during the third quarter of 2011. See Note 11 for additional information. | |||||
[2] | Excludes anti-dilutive shares of 116,324, 158,375, and 546,521 at December 31, 2013, 2012 and 2011, respectively. |
Note_17_Commitments_and_Contin1
Note 17 - Commitments and Contingencies (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Apr. 30, 2011 | 13-May-13 | Dec. 31, 2013 | Apr. 30, 2011 | Dec. 31, 2013 | Dec. 31, 2012 |
Commitments to Extend Credit [Member] | Commitments to Extend Credit [Member] | Community National Bancorporation and Community National Bank [Member] | Community National Bancorporation and Community National Bank [Member] | Unjust Enrichment Case [Member] | Unjust Enrichment Case [Member] | Standby Letters of Credit [Member] | Standby Letters of Credit [Member] | |||
Unjust Enrichment Case [Member] | Unjust Enrichment Case [Member] | |||||||||
Note 17 - Commitments and Contingencies (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other Commitment | ' | ' | $432,601,000 | $430,058,000 | ' | ' | ' | ' | $9,697,000 | $15,179,000 |
Loans Held-for-sale, Mortgages | 1,358,290 | 4,577,233 | ' | ' | ' | ' | ' | ' | ' | ' |
Loans Sold with Recourse Provisions | 16,151,133 | 38,846,068 | ' | ' | ' | ' | ' | ' | ' | ' |
Cash, Uninsured Amount | 54,163,895 | 30,020,230 | ' | ' | ' | ' | ' | ' | ' | ' |
Cash, FDIC Insured Amount | 250,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Money Market Funds, at Carrying Value | 78,880,300 | 66,783,049 | ' | ' | ' | ' | ' | ' | ' | ' |
Loss Contingency, Number of Defendants | ' | ' | ' | ' | 1 | ' | ' | 36 | ' | ' |
Business Combination, Contingent Consideration, Liability | ' | ' | ' | ' | ' | 1,028,000 | ' | ' | ' | ' |
Litigation Settlement, Amount | ' | ' | ' | ' | ' | ' | $940,333 | ' | ' | ' |
Note_18_Quarterly_Results_of_O2
Note 18 - Quarterly Results of Operations (Unaudited) (Details) - Quarterly Results of Operations (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Note 18 - Quarterly Results of Operations (Unaudited) (Details) - Quarterly Results of Operations [Line Items] | ' | ' | ' |
Total interest expense | $17,766,521 | $19,726,613 | $23,578,392 |
Net interest income | 64,105,437 | 57,649,260 | 54,144,856 |
Provision for loan/lease losses | 5,930,420 | 4,370,767 | 6,616,014 |
Noninterest income | 25,813,828 | 16,621,295 | 17,461,878 |
Noninterest expense | 64,432,658 | 52,258,947 | 50,992,652 |
Income before taxes | 19,556,187 | 17,640,841 | 13,998,068 |
Federal and state income tax expense | 4,617,942 | 4,534,601 | 3,868,199 |
Net income | 14,938,245 | 13,106,240 | 10,129,869 |
Less net income attributable to noncontrolling interests | ' | 488,473 | 438,221 |
Net income attributable to QCR Holdings, Inc. | 14,938,245 | 12,617,767 | 9,691,648 |
Earnings per common share: | ' | ' | ' |
Basic (in Dollars per share) | $2.13 | $1.88 | $0.93 |
Diluted (in Dollars per share) | $2.08 | $1.85 | $0.92 |
First Quarter [Member] | ' | ' | ' |
Note 18 - Quarterly Results of Operations (Unaudited) (Details) - Quarterly Results of Operations [Line Items] | ' | ' | ' |
Total interest income | 18,537,482 | 19,373,804 | ' |
Total interest expense | 4,346,165 | 5,170,351 | ' |
Net interest income | 14,191,317 | 14,203,453 | ' |
Provision for loan/lease losses | 1,057,782 | 780,446 | ' |
Noninterest income | 5,204,029 | 3,956,878 | ' |
Noninterest expense | 13,958,500 | 12,738,080 | ' |
Income before taxes | 4,379,064 | 4,641,805 | ' |
Federal and state income tax expense | 1,113,920 | 1,238,956 | ' |
Net income | ' | 3,402,849 | ' |
Less net income attributable to noncontrolling interests | ' | 166,031 | ' |
Net income attributable to QCR Holdings, Inc. | 3,265,144 | 3,236,818 | ' |
Earnings per common share: | ' | ' | ' |
Basic (in Dollars per share) | $0.50 | $0.48 | ' |
Diluted (in Dollars per share) | $0.49 | $0.48 | ' |
Second Quarter [Member] | ' | ' | ' |
Note 18 - Quarterly Results of Operations (Unaudited) (Details) - Quarterly Results of Operations [Line Items] | ' | ' | ' |
Total interest income | 20,139,401 | 19,534,528 | ' |
Total interest expense | 4,431,349 | 5,019,035 | ' |
Net interest income | 15,708,052 | 14,515,493 | ' |
Provision for loan/lease losses | 1,520,137 | 1,048,469 | ' |
Noninterest income | 6,948,756 | 4,067,509 | ' |
Noninterest expense | 15,234,349 | 13,109,083 | ' |
Income before taxes | 5,902,322 | 4,425,450 | ' |
Federal and state income tax expense | 1,857,091 | 1,152,071 | ' |
Net income | ' | 3,273,379 | ' |
Less net income attributable to noncontrolling interests | ' | 201,223 | ' |
Net income attributable to QCR Holdings, Inc. | 4,045,231 | 3,072,156 | ' |
Earnings per common share: | ' | ' | ' |
Basic (in Dollars per share) | $0.60 | $0.44 | ' |
Diluted (in Dollars per share) | $0.59 | $0.44 | ' |
Third Quarter [Member] | ' | ' | ' |
Note 18 - Quarterly Results of Operations (Unaudited) (Details) - Quarterly Results of Operations [Line Items] | ' | ' | ' |
Total interest income | 21,996,243 | 19,487,525 | ' |
Total interest expense | 4,685,907 | 4,858,007 | ' |
Net interest income | 17,310,336 | 14,629,518 | ' |
Provision for loan/lease losses | 1,366,984 | 1,496,194 | ' |
Noninterest income | 5,934,653 | 4,117,182 | ' |
Noninterest expense | 17,027,268 | 13,031,517 | ' |
Income before taxes | 4,850,737 | 4,218,989 | ' |
Federal and state income tax expense | 1,038,793 | 1,034,479 | ' |
Net income | ' | 3,184,510 | ' |
Less net income attributable to noncontrolling interests | ' | 127,177 | ' |
Net income attributable to QCR Holdings, Inc. | 3,811,944 | 3,057,333 | ' |
Earnings per common share: | ' | ' | ' |
Basic (in Dollars per share) | $0.52 | $0.45 | ' |
Diluted (in Dollars per share) | $0.51 | $0.44 | ' |
Fourth Quarter [Member] | ' | ' | ' |
Note 18 - Quarterly Results of Operations (Unaudited) (Details) - Quarterly Results of Operations [Line Items] | ' | ' | ' |
Total interest income | 21,198,832 | 18,980,016 | ' |
Total interest expense | 4,303,100 | 4,679,220 | ' |
Net interest income | 16,895,732 | 14,300,796 | ' |
Provision for loan/lease losses | 1,985,517 | 1,045,658 | ' |
Noninterest income | 7,726,390 | 4,479,726 | ' |
Noninterest expense | 18,212,541 | 13,380,267 | ' |
Income before taxes | 4,424,064 | 4,354,597 | ' |
Federal and state income tax expense | 608,138 | 1,109,095 | ' |
Net income | ' | 3,245,502 | ' |
Less net income attributable to noncontrolling interests | ' | -5,958 | ' |
Net income attributable to QCR Holdings, Inc. | $3,815,926 | $3,251,460 | ' |
Earnings per common share: | ' | ' | ' |
Basic (in Dollars per share) | $0.51 | $0.50 | ' |
Diluted (in Dollars per share) | $0.50 | $0.49 | ' |
Note_19_Parent_Company_Only_Fi2
Note 19 - Parent Company Only Financial Statements (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | ' | ' |
Gain (Loss) on Disposition of Business (in Dollars) | $2,334,216 | $580,000 |
Equity Method Investment, Ownership Percentage | ' | 2.25% |
Note_19_Parent_Company_Only_Fi3
Note 19 - Parent Company Only Financial Statements (Details) - Condensed Balance Sheets (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Assets | ' | ' | ' |
Cash and due from banks | $41,950,790 | $61,568,446 | ' |
Interest-bearing deposits at financial institutions | 33,044,917 | 22,359,490 | ' |
Securities available for sale, at fair value | 551,758,458 | 530,159,986 | ' |
Premises and equipment, net | 36,755,364 | 31,262,390 | ' |
Other assets | 23,873,150 | 13,732,795 | ' |
Total assets | 2,394,952,924 | 2,093,730,492 | 1,966,610,054 |
Liabilities: | ' | ' | ' |
Other borrowings | 142,448,362 | 138,239,762 | ' |
Other liabilities | 37,003,742 | 31,424,848 | ' |
Total liabilities | 2,247,376,144 | 1,953,296,671 | ' |
Stockholders' Equity: | ' | ' | ' |
Preferred stock | 29,867 | 54,867 | ' |
Common stock | 8,005,708 | 5,039,448 | ' |
Additional paid-in capital | 90,154,528 | 78,912,791 | ' |
Retained earnings | 64,637,173 | 53,326,542 | ' |
Accumulated other comprehensive income (loss) | -13,643,986 | 4,706,683 | ' |
Treasury stock | -1,606,510 | -1,606,510 | ' |
Total liabilities and stockholders' equity | 2,394,952,924 | 2,093,730,492 | ' |
Bank Subsidiaries [Member] | Parent Company [Member] | ' | ' | ' |
Assets | ' | ' | ' |
Investment in subsidiaries | 187,410,269 | 182,465,733 | ' |
Nonbank Subsidiaries [Member] | Parent Company [Member] | ' | ' | ' |
Assets | ' | ' | ' |
Investment in subsidiaries | 1,396,632 | 1,202,791 | ' |
Parent Company [Member] | ' | ' | ' |
Assets | ' | ' | ' |
Cash and due from banks | 7,212,584 | 1,072,434 | ' |
Interest-bearing deposits at financial institutions | 187,401 | 185,113 | ' |
Securities available for sale, at fair value | 1,644,663 | 1,406,876 | ' |
Premises and equipment, net | 3,243,575 | 3,318,757 | ' |
Other assets | 8,709,546 | 7,720,933 | ' |
Total assets | 209,804,670 | 197,372,637 | ' |
Liabilities: | ' | ' | ' |
Other borrowings | 14,104,323 | 10,077,769 | ' |
Junior subordinated debentures | 40,289,830 | 36,085,000 | ' |
Other liabilities | 7,833,737 | 10,776,047 | ' |
Total liabilities | 62,227,890 | 56,938,816 | ' |
Stockholders' Equity: | ' | ' | ' |
Preferred stock | 29,867 | 54,867 | ' |
Common stock | 8,005,708 | 5,039,448 | ' |
Additional paid-in capital | 90,154,528 | 78,912,791 | ' |
Retained earnings | 64,637,173 | 53,326,542 | ' |
Accumulated other comprehensive income (loss) | -13,643,986 | 4,706,683 | ' |
Treasury stock | -1,606,510 | -1,606,510 | ' |
Total stockholders' equity | 147,576,780 | 140,433,821 | ' |
Total liabilities and stockholders' equity | $209,804,670 | $197,372,637 | ' |
Note_19_Parent_Company_Only_Fi4
Note 19 - Parent Company Only Financial Statements (Details) - Condensed Statements of Operations (USD $) | 8 Months Ended | 12 Months Ended | |||||
Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||||
Condensed Income Statements, Captions [Line Items] | ' | ' | ' | ' | |||
Bargain purchase gain on Community National acquisition | $1,841,385 | $1,841,385 | ' | ' | |||
Total income | ' | 107,685,786 | 93,997,168 | 95,185,126 | |||
Interest expense | ' | 17,766,521 | 19,726,613 | 23,578,392 | |||
Salaries and employee benefits | ' | 37,510,318 | 33,274,509 | 30,365,020 | |||
Acquisition and data conversion costs | ' | 2,353,162 | ' | ' | |||
Income tax benefit | ' | -4,617,942 | -4,534,601 | -3,868,199 | |||
Net income | ' | 14,938,245 | 12,617,767 | 9,691,648 | |||
Bank Subsidiaries [Member] | Parent Company [Member] | ' | ' | ' | ' | |||
Condensed Income Statements, Captions [Line Items] | ' | ' | ' | ' | |||
Equity in net income of subsidiaries | ' | 20,499,070 | 17,206,086 | 14,449,843 | |||
Nonbank Subsidiaries [Member] | Parent Company [Member] | ' | ' | ' | ' | |||
Condensed Income Statements, Captions [Line Items] | ' | ' | ' | ' | |||
Equity in net income of subsidiaries | ' | 31,540 | 168,934 | 174,058 | |||
Parent Company [Member] | ' | ' | ' | ' | |||
Condensed Income Statements, Captions [Line Items] | ' | ' | ' | ' | |||
Total interest income | ' | 43,476 | 57,136 | 62,521 | |||
Bargain purchase gain on Community National acquisition | ' | 1,841,385 | ' | ' | |||
Other * | ' | 7,942 | [1] | 657,733 | [1] | 129,773 | [1] |
Total income | ' | 22,423,413 | 18,089,889 | 14,816,195 | |||
Interest expense | ' | 1,714,814 | 1,408,948 | 1,562,323 | |||
Salaries and employee benefits | ' | 4,765,762 | 4,717,609 | 4,078,474 | |||
Professional fees | ' | 977,571 | 988,306 | 1,103,910 | |||
Acquisition and data conversion costs | ' | 2,037,684 | ' | ' | |||
Other-than-temporary impairment losses on securities | ' | ' | 62,400 | 118,847 | |||
Other | ' | 642,044 | 760,618 | 783,460 | |||
Total expenses | ' | 10,137,875 | 7,937,881 | 7,647,014 | |||
Income before income tax benefit | ' | 12,285,538 | 10,152,008 | 7,169,181 | |||
Income tax benefit | ' | 2,652,707 | 2,465,759 | 2,522,467 | |||
Net income | ' | $14,938,245 | $12,617,767 | $9,691,648 | |||
[1] | For the year ended December 31, 2012, includes pre-tax gain of approximately $580 thousand on the sale of a 2.25% equity interest in a company providing data processing services to merchant credit card acquiring businesses. |
Note_19_Parent_Company_Only_Fi5
Note 19 - Parent Company Only Financial Statements (Details) - Condensed Statements of Cash Flows (USD $) | 12 Months Ended | |||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||||
Cash Flows from Operating Activities: | ' | ' | ' | |||
Net income | $14,938,245 | $12,617,767 | $9,691,648 | |||
Distributions in excess of (less than) earnings of: | ' | ' | ' | |||
Bargain purchase gain on Community National acquisition | -1,841,385 | ' | ' | |||
Accretion of acquisition fair value adjustments | -1,060,708 | ' | ' | |||
Stock-based compensation expense | 792,279 | 849,760 | 696,407 | |||
Cash Flows from Investing Activities: | ' | ' | ' | |||
Net increase in interest-bearing deposits at financial instituions | -8,660,888 | 4,391,112 | 12,995,009 | |||
Net cash paid for Community National acquisition | -6,261,684 | [1] | ' | [1] | ' | [1] |
Net cash (used in) provided by' investing activities | -164,557,224 | -132,781,796 | -137,311,801 | |||
Cash Flows from Financing Activities: | ' | ' | ' | |||
Net (decrease) increase in other borrowings | -200,000 | 8,099 | -14,939,122 | |||
Proceeds from other borrowings term note | 10,000,000 | ' | ' | |||
Advance (payment) on 364-day revolving note | -5,600,000 | 2,000,000 | 1,100,000 | |||
Repayment of Community National's other borrowings at acquisition | 3,950,000 | ' | ' | |||
Redemption of Preferred Stock, net | ' | ' | -1,100,000 | |||
Repurchase of 521,888 shares of common stock warrants issued in conjunction with Series D | ' | ' | ' | |||
Net cash used in financing activities | 112,903,315 | 110,558,615 | 111,777,429 | |||
Net increase (decrease) in cash and due from banks | -19,617,656 | 8,431,736 | 11,105,904 | |||
Cash and due from banks: | ' | ' | ' | |||
Cash and cash equivalents | 41,950,790 | 61,568,446 | 53,136,710 | |||
Series F Noncumulative Perpetual Preferred Stock [Member] | Parent Company [Member] | ' | ' | ' | |||
Cash Flows from Financing Activities: | ' | ' | ' | |||
Redemption of Preferred Stock, net | ' | -10,223,000 | ' | |||
Repurchase of 521,888 shares of common stock warrants issued in conjunction with Series D | ' | ' | ' | |||
Proceeds from issuance of 40,090 shares of Series F Noncumulative Perpetual Preferred Stock, net | ' | ' | 39,996,922 | |||
Series D Cumulative Perpetual Preferred Stock [Member] | Parent Company [Member] | ' | ' | ' | |||
Cash Flows from Financing Activities: | ' | ' | ' | |||
Redemption of Preferred Stock, net | ' | ' | -38,237,000 | |||
Repurchase of 521,888 shares of common stock warrants issued in conjunction with Series D | ' | ' | ' | |||
Cumulative Perpetual Preferred Stock | ' | ' | -1,100,000 | |||
Bank Subsidiaries [Member] | Parent Company [Member] | ' | ' | ' | |||
Distributions in excess of (less than) earnings of: | ' | ' | ' | |||
Distributions in excess of earnings | 5,500,930 | -3,706,086 | -4,449,843 | |||
Nonbank Subsidiaries [Member] | Parent Company [Member] | ' | ' | ' | |||
Distributions in excess of (less than) earnings of: | ' | ' | ' | |||
Distributions in excess of earnings | -103 | -132,911 | 133,951 | |||
Parent Company [Member] | ' | ' | ' | |||
Cash Flows from Operating Activities: | ' | ' | ' | |||
Net income | 14,938,245 | 12,617,767 | 9,691,648 | |||
Distributions in excess of (less than) earnings of: | ' | ' | ' | |||
Bargain purchase gain on Community National acquisition | -1,841,385 | ' | ' | |||
Accretion of acquisition fair value adjustments | 79,655 | ' | ' | |||
Depreciation | 75,182 | ' | 54 | |||
Other-than-temporary impairment losses on securities | ' | 62,400 | 118,847 | |||
Stock-based compensation expense | 792,279 | 849,760 | 646,419 | |||
Increase in other assets | -725,105 | -437,827 | -65,205 | |||
(Decrease) increase in other liabilities | -2,978,106 | 1,938,832 | 666,240 | |||
Net cash provided by operating activities | 15,841,592 | 11,191,935 | 6,742,111 | |||
Cash Flows from Investing Activities: | ' | ' | ' | |||
Net increase in interest-bearing deposits at financial instituions | -2,288 | -1,937 | -1,227 | |||
Purchase of securities available for sale | -34,040 | -53,501 | -58,149 | |||
Capital infusion, bank subsidiaries | ' | ' | -1,693,679 | |||
Net cash paid for Community National acquisition | -6,261,684 | ' | ' | |||
Increase in cash from dissolution of VPHC | ' | 99,645 | ' | |||
Net cash (used in) provided by' investing activities | -6,298,012 | 44,207 | -1,753,055 | |||
Cash Flows from Financing Activities: | ' | ' | ' | |||
Net (decrease) increase in other borrowings | -373,446 | ' | ' | |||
Proceeds from other borrowings term note | 10,000,000 | ' | ' | |||
Advance (payment) on 364-day revolving note | -5,600,000 | 2,000,000 | 1,100,000 | |||
Repayment of Community National's other borrowings at acquisition | -3,950,000 | ' | ' | |||
Payment of cash dividends on common and preferred stock | -4,062,726 | -4,088,949 | -3,712,493 | |||
Repurchase of 521,888 shares of common stock warrants issued in conjunction with Series D | ' | ' | ' | |||
Proceeds from issuance of common stock, net | 582,742 | 994,174 | 477,339 | |||
Purchase of noncontrolling interests | ' | -2,388,417 | ' | |||
Net cash used in financing activities | -3,403,430 | -13,706,192 | -1,475,232 | |||
Net increase (decrease) in cash and due from banks | 6,140,150 | -2,470,050 | 3,513,824 | |||
Cash and due from banks: | ' | ' | ' | |||
Cash and cash equivalents | 7,212,584 | 1,072,434 | 3,542,484 | |||
Parent Company [Member] | Beginning of Period [Member] | ' | ' | ' | |||
Cash and due from banks: | ' | ' | ' | |||
Cash and cash equivalents | $1,072,434 | $3,542,484 | $28,660 | |||
[1] | Net cash received at closing totaled $3,025,073 |
Note_19_Parent_Company_Only_Fi6
Note 19 - Parent Company Only Financial Statements (Details) - Condensed Statements of Cash Flows (Parentheticals) (USD $) | 12 Months Ended | 1 Months Ended | 12 Months Ended | |||
Dec. 31, 2013 | Dec. 31, 2011 | Jun. 29, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Series F Noncumulative Perpetual Preferred Stock [Member] | Series F Noncumulative Perpetual Preferred Stock [Member] | Series F Noncumulative Perpetual Preferred Stock [Member] | Series F Noncumulative Perpetual Preferred Stock [Member] | Series F Noncumulative Perpetual Preferred Stock [Member] | Parent Company [Member] | |
Parent Company [Member] | Parent Company [Member] | |||||
Condensed Cash Flow Statements, Captions [Line Items] | ' | ' | ' | ' | ' | ' |
Redemption of shares of Series F Noncumulative Perpetual Preferred Stock, net (in Shares) | 10,223 | ' | 10,223 | 10,223 | 10,223 | ' |
Proceeds from issuance of Series F Noncumulative Perpetual Preferred Stock, net | ' | $40,090,000,000 | ' | ' | ' | $521,888 |
Common stock, shares issued | ' | $40,090,000,000 | ' | ' | ' | $521,888 |
Note_20_Fair_Value_Details_Ass
Note 20 - Fair Value (Details) - Assets Measured at Fair Value on a Recurring Basis (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Securities available for sale: | ' | ' |
Securities available for sale | $551,758,458 | $530,159,986 |
Assets measured on a non-recurring basis | 19,516,934 | 22,325,135 |
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Securities available for sale: | ' | ' |
Securities available for sale | 356,472,987 | 338,609,371 |
US Government Agencies Debt Securities [Member] | ' | ' |
Securities available for sale: | ' | ' |
Securities available for sale | 356,472,987 | 338,609,371 |
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Securities available for sale: | ' | ' |
Securities available for sale | 157,429,451 | 163,601,103 |
Residential Mortgage Backed Securities [Member] | ' | ' |
Securities available for sale: | ' | ' |
Securities available for sale | 157,429,451 | 163,601,103 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Securities available for sale: | ' | ' |
Securities available for sale | 35,958,857 | 26,185,736 |
US States and Political Subdivisions Debt Securities [Member] | ' | ' |
Securities available for sale: | ' | ' |
Securities available for sale | 35,958,857 | 26,185,736 |
Equity Securities, Other [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Securities available for sale: | ' | ' |
Securities available for sale | 317,698 | 234,453 |
Equity Securities, Other [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Securities available for sale: | ' | ' |
Securities available for sale | 1,579,465 | 1,389,923 |
Equity Securities, Other [Member] | ' | ' |
Securities available for sale: | ' | ' |
Securities available for sale | 1,897,163 | 1,624,376 |
Trust Preferred Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Securities available for sale: | ' | ' |
Securities available for sale | ' | 139,400 |
Trust Preferred Securities [Member] | ' | ' |
Securities available for sale: | ' | ' |
Securities available for sale | ' | 139,400 |
Impaired Loans/Leases [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Securities available for sale: | ' | ' |
Assets measured on a non-recurring basis | 9,009,557 | 18,054,234 |
Impaired Loans/Leases [Member] | ' | ' |
Securities available for sale: | ' | ' |
Assets measured on a non-recurring basis | 9,009,557 | 18,054,234 |
Other Real Estate Owned [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Securities available for sale: | ' | ' |
Assets measured on a non-recurring basis | 10,507,377 | 4,270,901 |
Other Real Estate Owned [Member] | ' | ' |
Securities available for sale: | ' | ' |
Assets measured on a non-recurring basis | 10,507,377 | 4,270,901 |
Fair Value, Inputs, Level 1 [Member] | ' | ' |
Securities available for sale: | ' | ' |
Securities available for sale | 317,698 | 234,453 |
Fair Value, Inputs, Level 2 [Member] | ' | ' |
Securities available for sale: | ' | ' |
Securities available for sale | 551,440,760 | 529,925,533 |
Fair Value, Inputs, Level 3 [Member] | ' | ' |
Securities available for sale: | ' | ' |
Assets measured on a non-recurring basis | $19,516,934 | $22,325,135 |
Note_20_Fair_Value_Details_Qua
Note 20 - Fair Value (Details) - Quantitative Information About Level Fair Value Measurements (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair value (in Dollars) | $19,516,934 | $22,325,135 |
Impaired Loans/Leases [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair value (in Dollars) | 9,009,557 | 18,054,234 |
Valuation technique | 'Appraisal of collateral | 'Appraisal of collateral |
Other Real Estate Owned [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair value (in Dollars) | $10,507,377 | $4,270,901 |
Valuation technique | 'Appraisal of collateral | 'Appraisal of collateral |
Minimum [Member] | Impaired Loans/Leases [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Range | -10.00% | -10.00% |
Minimum [Member] | Other Real Estate Owned [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Range | 0.00% | 0.00% |
Maximum [Member] | Impaired Loans/Leases [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Range | -50.00% | -50.00% |
Maximum [Member] | Other Real Estate Owned [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Range | -35.00% | -35.00% |
Note_20_Fair_Value_Details_Car
Note 20 - Fair Value (Details) - Carrying Values and Estimated Fair Values of Financial Assets and Liabilities (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Note 20 - Fair Value (Details) - Carrying Values and Estimated Fair Values of Financial Assets and Liabilities [Line Items] | ' | ' |
Cash and due from banks | $41,950,790 | $61,568,446 |
Federal funds sold | 39,435,000 | 26,560,000 |
Interest-bearing deposits at financial institutions | 33,044,917 | 22,359,490 |
Investment securities: | ' | ' |
Held to maturity | 145,451,895 | ' |
Held to maturity | 138,640,105 | 73,005,706 |
Available for sale | 551,758,458 | 530,159,986 |
Deposits: | ' | ' |
Deposits | 1,646,991,243 | 1,374,114,100 |
Federal Home Loan Bank advances | 231,350,000 | 202,350,000 |
Other borrowings | 142,448,362 | 138,239,762 |
Nonmaturity Deposits [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Deposits: | ' | ' |
Deposits | 1,256,209,352 | 1,039,572,326 |
Deposits, fair value | 1,256,209,352 | 1,039,572,326 |
Time Deposits [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Deposits: | ' | ' |
Deposits | 390,781,891 | 334,541,774 |
Deposits, fair value | 394,202,000 | 337,343,000 |
Fair Value, Inputs, Level 1 [Member] | ' | ' |
Note 20 - Fair Value (Details) - Carrying Values and Estimated Fair Values of Financial Assets and Liabilities [Line Items] | ' | ' |
Cash and due from banks | 41,950,790 | 61,568,446 |
Cash and due from banks | 41,950,790 | 61,568,446 |
Interest-bearing deposits at financial institutions | 41,950,790 | 61,568,446 |
Investment securities: | ' | ' |
Available for sale | 317,698 | 234,453 |
Fair Value, Inputs, Level 2 [Member] | ' | ' |
Note 20 - Fair Value (Details) - Carrying Values and Estimated Fair Values of Financial Assets and Liabilities [Line Items] | ' | ' |
Federal funds sold | 39,435,000 | 26,560,000 |
Federal funds sold | 39,435,000 | 26,560,000 |
Investment securities: | ' | ' |
Available for sale | 551,440,760 | 529,925,533 |
Loans/leases receivable, net | 1,430,489,328 | 1,250,745,552 |
Loans/leases receivable, net, fair value | 1,441,952,443 | 1,262,090,766 |
Deposits: | ' | ' |
Short-term borrowings | 149,292,967 | 171,082,961 |
Short-term borrowings | 149,292,967 | 171,082,961 |
Federal Home Loan Bank advances | 231,350,000 | 202,350,000 |
Federal Home Loan Bank advances | 241,623,000 | 220,815,000 |
Other borrowings | 142,448,362 | 138,239,762 |
Other borrowings | 152,761,000 | 154,101,000 |
Junior subordinated debentures | 40,289,830 | 36,085,000 |
Junior subordinated debentures | 28,094,228 | 18,786,000 |
Fair Value, Inputs, Level 3 [Member] | ' | ' |
Investment securities: | ' | ' |
Held to maturity | 145,451,895 | 72,079,385 |
Held to maturity | 138,640,105 | 73,005,706 |
Loans/leases receivable, net | 8,342,182 | 16,716,883 |
Loans/leases receivable, net, fair value | 9,009,557 | 18,054,234 |
Interest-bearing Deposits [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Note 20 - Fair Value (Details) - Carrying Values and Estimated Fair Values of Financial Assets and Liabilities [Line Items] | ' | ' |
Cash and due from banks | 33,044,917 | 22,359,490 |
Interest-bearing deposits at financial institutions | 33,044,917 | 22,359,490 |
Interest-bearing deposits at financial institutions | $33,044,917 | $22,359,490 |
Note_21_Business_Segment_Infor2
Note 21 - Business Segment Information (Details) - Selected Financial Information on the Companybs Business Segments (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Segment Reporting Information [Line Items] | ' | ' | ' |
Total revenue | $107,685,786 | $93,997,168 | $95,185,126 |
Net interest income | 64,105,437 | 57,649,260 | 54,144,856 |
Net income attributable to QCR Holdings, Inc. | 14,938,245 | 12,617,767 | 9,691,648 |
Total assets | 2,394,952,924 | 2,093,730,492 | 1,966,610,054 |
Provision for loan/lease losses | 5,930,420 | 4,370,767 | 6,616,014 |
Goodwill | 3,222,688 | 3,222,688 | 3,222,688 |
Core deposit intangible | 1,870,433 | ' | ' |
Intersegment Eliminations [Member] | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' |
Total revenue | -402,040 | -379,946 | -399,877 |
Net income attributable to QCR Holdings, Inc. | ' | -10,752 | -24,327 |
Total assets | -16,168,205 | -38,008,739 | -16,111,099 |
Quad City Bank and Trust [Member] | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' |
Total revenue | 48,742,635 | 47,984,123 | 47,952,867 |
Net interest income | 33,892,035 | 33,770,092 | 30,831,946 |
Net income attributable to QCR Holdings, Inc. | 9,310,779 | 9,915,267 | 8,176,665 |
Total assets | 1,245,128,136 | 1,177,294,502 | 1,113,435,783 |
Provision for loan/lease losses | 3,391,406 | 1,527,767 | 2,735,014 |
Goodwill | 3,222,688 | 3,222,688 | 3,222,688 |
Cedar Rapids Bank and Trust [Member] | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' |
Total revenue | 36,089,448 | 26,697,921 | 28,406,789 |
Net interest income | 22,239,329 | 15,717,038 | 15,856,555 |
Net income attributable to QCR Holdings, Inc. | 7,953,230 | 5,786,446 | 5,154,769 |
Total assets | 804,223,453 | 625,713,218 | 560,076,246 |
Provision for loan/lease losses | 1,531,014 | 1,275,000 | 1,655,000 |
Core deposit intangible | 1,870,433 | ' | ' |
Rockford Bank and Trust [Member] | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' |
Total revenue | 13,809,593 | 12,955,951 | 13,518,534 |
Net interest income | 9,645,411 | 9,630,481 | 9,085,293 |
Net income attributable to QCR Holdings, Inc. | 1,855,672 | 857,610 | 329,251 |
Total assets | 339,375,139 | 313,824,607 | 294,382,640 |
Provision for loan/lease losses | 1,008,000 | 1,568,000 | 2,226,000 |
Wealth Management [Member] | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' |
Total revenue | 7,521,821 | 5,993,437 | 5,477,913 |
Net income attributable to QCR Holdings, Inc. | 1,379,402 | 646,762 | 789,159 |
All Other [Member] | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' |
Total revenue | 1,924,329 | 745,682 | 228,900 |
Net interest income | -1,671,338 | -1,468,351 | -1,628,938 |
Net income attributable to QCR Holdings, Inc. | -5,560,838 | -4,577,566 | -4,733,869 |
Total assets | $22,394,401 | $14,906,904 | $14,826,484 |
Note_23_Sale_of_Credit_Card_Lo1
Note 23 - Sale of Credit Card Loan Receivables and Credit Card Issuing Business for QCBT (Details) (USD $) | 12 Months Ended | 0 Months Ended | ||
Dec. 31, 2013 | Feb. 15, 2013 | Feb. 15, 2013 | Jan. 31, 2013 | |
Credit Card Loan Receivables and Credit Card Issuing Business for QCBT [Member] | Credit Card Receivable [Member] | Credit Card Receivable [Member] | ||
Note 23 - Sale of Credit Card Loan Receivables and Credit Card Issuing Business for QCBT (Details) [Line Items] | ' | ' | ' | ' |
Significant Acquisitions and Disposals, Acquisition Costs or Sale Proceeds | ' | ' | ' | $10,179,318 |
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | 2,334,216 | ' | 495,405 | ' |
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | ' | 355,268 | ' | ' |
Disposal Group, Including Discontinued Operation, Other Expense | ' | 257,476 | ' | ' |
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax | ' | $593,197 | ' | ' |