Document_And_Entity_Informatio
Document And Entity Information | 9 Months Ended | |
Sep. 30, 2014 | Nov. 01, 2014 | |
Document and Entity Information [Abstract] | ' | ' |
Entity Registrant Name | 'QCR HOLDINGS INC | ' |
Document Type | '10-Q | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Common Stock, Shares Outstanding | ' | 7,942,188 |
Amendment Flag | 'false | ' |
Entity Central Index Key | '0000906465 | ' |
Entity Current Reporting Status | 'Yes | ' |
Entity Voluntary Filers | 'No | ' |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Well-known Seasoned Issuer | 'No | ' |
Document Period End Date | 30-Sep-14 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Consolidated_Balance_Sheets_Un
Consolidated Balance Sheets (Unaudited) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
ASSETS | ' | ' |
Cash and due from banks | $42,326,177 | $41,950,790 |
Federal funds sold | 29,760,000 | 39,435,000 |
Interest-bearing deposits at financial institutions | 34,631,773 | 33,044,917 |
Securities held to maturity, at amortized cost | 185,840,139 | 145,451,895 |
Securities available for sale, at fair value | 466,944,567 | 551,758,458 |
Total securities | 652,784,706 | 697,210,353 |
Loans receivable held for sale | 1,642,300 | 1,358,290 |
Loans/leases receivable held for investment | 1,571,226,845 | 1,458,921,268 |
Gross loans/leases receivable | 1,572,869,145 | 1,460,279,558 |
Less allowance for estimated losses on loans/leases | -22,767,917 | -21,448,048 |
Net loans/leases receivable | 1,550,101,228 | 1,438,831,510 |
Premises and equipment, net | 36,001,748 | 36,755,364 |
Goodwill | 3,222,688 | 3,222,688 |
Core deposit intangible | 1,720,799 | 1,870,433 |
Bank-owned life insurance | 53,278,942 | 52,002,041 |
Restricted investment securities | 15,303,175 | 17,027,625 |
Other real estate owned, net | 10,679,847 | 9,729,053 |
Other assets | 20,784,470 | 23,873,150 |
Total assets | 2,450,595,553 | 2,394,952,924 |
Deposits: | ' | ' |
Noninterest-bearing | 535,967,035 | 542,566,087 |
Interest-bearing | 1,177,900,358 | 1,104,425,156 |
Total deposits | 1,713,867,393 | 1,646,991,243 |
Short-term borrowings | 162,186,698 | 149,292,967 |
Federal Home Loan Bank advances | 196,500,000 | 231,350,000 |
Other borrowings | 151,455,209 | 142,448,362 |
Junior subordinated debentures | 40,389,809 | 40,289,830 |
Other liabilities | 48,016,468 | 37,003,742 |
Total liabilities | 2,312,415,577 | 2,247,376,144 |
STOCKHOLDERS' EQUITY | ' | ' |
Preferred stock, $1 par value; shares authorized 250,000 | ' | 29,867 |
Common stock, $1 par value; shares authorized 20,000,000 | 8,058,059 | 8,005,708 |
Additional paid-in capital | 61,277,831 | 90,154,528 |
Retained earnings | 75,199,959 | 64,637,173 |
Accumulated other comprehensive loss: | ' | ' |
Less treasury stock, September 2014 and December 2013 - 121,246 common shares, at cost | -1,606,510 | -1,606,510 |
Total stockholders' equity | 138,179,976 | 147,576,780 |
Total liabilities and stockholders' equity | 2,450,595,553 | 2,394,952,924 |
Available-for-sale Securities [Member] | ' | ' |
Accumulated other comprehensive loss: | ' | ' |
Accumulated Other Comprehensive loss: | -4,596,938 | -13,643,986 |
Interest Rate Cap [Member] | ' | ' |
Accumulated other comprehensive loss: | ' | ' |
Accumulated Other Comprehensive loss: | ($152,425) | ' |
Consolidated_Balance_Sheets_Un1
Consolidated Balance Sheets (Unaudited) (Parentheticals) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
Preferred stock, par value (in Dollars per share) | $1 | $1 |
Preferred stock, shares authorized | 250,000 | 250,000 |
Preferred stock, shares issued | 0 | 29,867 |
Preferred stock, shares outstanding | 0 | 29,867 |
Common stock, par value (in Dollars per share) | $1 | $1 |
Common stock, shares authorized | 20,000,000 | 20,000,000 |
Common stock, shares issued | 8,058,059 | 8,005,708 |
Common stock, shares outstanding | 7,936,813 | 7,884,462 |
Treasury Stock, shares | 121,246 | 121,246 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (Loss) (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | |
Net income | $4,062,665 | $3,811,944 | $11,959,716 | $11,122,319 |
Unrealized losses on securities available for sale: | ' | ' | ' | ' |
Unrealized holding losses arising during the period before tax | -1,455,231 | -800,796 | 14,691,007 | -23,395,367 |
Less reclassification adjustment for gains included in net income before tax | 19,429 | 416,936 | 40,625 | 433,396 |
-1,474,660 | -1,217,732 | 14,650,382 | -23,828,763 | |
Unrealized gain on derivative instruments | 98,724 | ' | -152,425 | ' |
Other comprehensive loss, before tax | -1,375,936 | -1,217,732 | 14,497,957 | -23,828,763 |
Tax benefit | -563,761 | -399,541 | 5,603,334 | -9,082,725 |
Other comprehensive loss, net of tax | -812,175 | -818,191 | 8,894,623 | -14,746,038 |
Comprehensive income attributable to QCR Holdings, Inc. | $3,250,490 | $2,993,753 | $20,854,339 | ($3,623,719) |
Consolidated_Statements_of_Cha
Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (USD $) | Series F Noncumulative Perpetual Preferred Stock Redemption Two[Member] | Series F Noncumulative Perpetual Preferred Stock Redemption Two[Member] | Series F Noncumulative Perpetual Preferred Stock Redemption Two[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] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Treasury Stock [Member] | Restricted Stock [Member] | Exchange [Member] | Total |
Preferred Stock [Member] | Additional Paid-in Capital [Member] | Restricted Stock [Member] | Exchange [Member] | Restricted Stock [Member] | Exchange [Member] | Exchange [Member] | ||||||||||
Exchange [Member] | Exchange [Member] | |||||||||||||||
Balance at Dec. 31, 2012 | ' | ' | ' | $54,867 | ' | ' | $5,039,448 | ' | ' | $78,912,791 | $53,326,542 | $4,706,683 | ($1,606,510) | ' | ' | $140,433,821 |
Net income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,265,144 | ' | ' | ' | ' | 3,265,144 |
Other comprehensive income (loss), net of tax | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -836,358 | ' | ' | ' | -836,358 |
Preferred cash dividends declared | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -810,837 | ' | ' | ' | ' | -810,837 |
Proceeds from issuance of shares of common stock as a result of stock purchased under the Employee Stock Purchase Plan | ' | ' | ' | ' | ' | ' | 5,884 | ' | ' | 63,487 | ' | ' | ' | ' | ' | 69,371 |
Proceeds from issuance of shares of common stock as a result of stock options exercised | ' | ' | ' | ' | ' | ' | 19,278 | ' | ' | 153,550 | ' | ' | ' | ' | ' | 172,828 |
Stock compensation expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | 293,798 | ' | ' | ' | ' | ' | 293,798 |
Tax benefit of nonqualified stock options exercised | ' | ' | ' | ' | ' | ' | ' | ' | ' | 35,251 | ' | ' | ' | ' | ' | 35,251 |
Restricted stock awards | ' | ' | ' | ' | ' | ' | 16,798 | ' | ' | -16,798 | ' | ' | ' | ' | ' | ' |
Exchange of shares of common stock in connection with restricted stock vested, net | ' | ' | ' | ' | ' | -7,048 | -16,798 | ' | -111,628 | -289,113 | ' | ' | ' | ' | -118,676 | -305,911 |
Balance at Mar. 31, 2013 | ' | ' | ' | 54,867 | ' | ' | 5,057,562 | ' | ' | 79,041,338 | 55,780,849 | 3,870,325 | -1,606,510 | ' | ' | 142,198,431 |
Net income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,045,231 | ' | ' | ' | ' | 4,045,231 |
Other comprehensive income (loss), net of tax | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -13,091,489 | ' | ' | ' | -13,091,489 |
Common cash dividends declared | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -228,971 | ' | ' | ' | ' | -228,971 |
Preferred cash dividends declared | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -810,838 | ' | ' | ' | ' | -810,838 |
Proceeds from 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 |
Proceeds from issuance of shares of common stock as a result of stock purchased under the Employee Stock Purchase Plan | ' | ' | ' | ' | ' | ' | 9,560 | ' | ' | 104,221 | ' | ' | ' | ' | ' | 113,781 |
Proceeds from issuance of shares of common stock as a result of stock options exercised | ' | ' | ' | ' | ' | ' | 3,769 | ' | ' | 33,070 | ' | ' | ' | ' | ' | 36,839 |
Stock compensation expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | 162,123 | ' | ' | ' | ' | ' | 162,123 |
Tax benefit of nonqualified stock options exercised | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,197 | ' | ' | ' | ' | ' | 4,197 |
Restricted stock awards | ' | ' | ' | ' | ' | ' | 12,707 | ' | ' | -12,707 | ' | ' | ' | ' | ' | ' |
Balance at Jun. 30, 2013 | ' | ' | ' | 54,867 | ' | ' | 5,918,313 | ' | ' | 91,514,136 | 58,786,271 | -9,221,164 | -1,606,510 | ' | ' | 145,445,913 |
Net income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,811,944 | ' | ' | ' | ' | 3,811,944 |
Other comprehensive income (loss), net of tax | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -818,191 | ' | ' | ' | -818,191 |
Preferred cash dividends declared | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -810,837 | ' | ' | ' | ' | -810,837 |
Proceeds from issuance of shares of common stock as a result of stock purchased under the Employee Stock Purchase Plan | ' | ' | ' | ' | ' | ' | 5,973 | ' | ' | 65,116 | ' | ' | ' | ' | ' | 71,089 |
Proceeds from issuance of shares of common stock as a result of stock options exercised | ' | ' | ' | ' | ' | ' | 7,230 | ' | ' | 76,718 | ' | ' | ' | ' | ' | 83,948 |
Stock compensation expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | 163,585 | ' | ' | ' | ' | ' | 163,585 |
Tax benefit of nonqualified stock options exercised | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,026 | ' | ' | ' | ' | ' | 6,026 |
Restricted stock awards | ' | ' | ' | ' | ' | ' | 332 | ' | ' | -332 | ' | ' | ' | ' | ' | ' |
Balance at Sep. 30, 2013 | ' | ' | ' | 54,867 | ' | ' | 5,931,848 | ' | ' | 91,825,249 | 61,787,378 | -10,039,355 | -1,606,510 | ' | ' | 147,953,477 |
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 |
Net income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,889,215 | ' | ' | ' | ' | 3,889,215 |
Other comprehensive income (loss), net of tax | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,230,784 | ' | ' | ' | 5,230,784 |
Preferred cash dividends declared | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -708,008 | ' | ' | ' | ' | -708,008 |
Redemption of shares of Series F Noncumulative Perpetual Preferred Stock | -15,000 | -14,985,000 | -15,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from issuance of shares of common stock as a result of stock purchased under the Employee Stock Purchase Plan | ' | ' | ' | ' | ' | ' | 6,189 | ' | ' | 78,256 | ' | ' | ' | ' | ' | 84,445 |
Proceeds from issuance of shares of common stock as a result of stock options exercised | ' | ' | ' | ' | ' | ' | 9,814 | ' | ' | 85,582 | ' | ' | ' | ' | ' | 95,396 |
Stock compensation expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | 347,752 | ' | ' | ' | ' | ' | 347,752 |
Tax benefit of nonqualified stock options exercised | ' | ' | ' | ' | ' | ' | ' | ' | ' | 18,647 | ' | ' | ' | ' | ' | 18,647 |
Restricted stock awards | ' | ' | ' | ' | ' | ' | 27,197 | ' | ' | -27,197 | ' | ' | ' | ' | ' | ' |
Exchange of shares of common stock in connection with restricted stock vested, net | ' | ' | ' | ' | -10,300 | ' | ' | -167,684 | ' | ' | ' | ' | ' | -177,984 | ' | ' |
Balance at Mar. 31, 2014 | ' | ' | ' | 14,867 | ' | ' | 8,038,608 | ' | ' | 75,504,884 | 67,818,380 | -8,413,202 | -1,606,510 | ' | ' | 141,357,027 |
Net income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,007,836 | ' | ' | ' | ' | 4,007,836 |
Other comprehensive income (loss), net of tax | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,476,014 | ' | ' | ' | 4,476,014 |
Common cash dividends declared | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -315,053 | ' | ' | ' | ' | -315,053 |
Preferred cash dividends declared | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -373,869 | ' | ' | ' | ' | -373,869 |
Redemption of shares of Series F Noncumulative Perpetual Preferred Stock | -14,867 | -14,809,055 | -14,823,922 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from issuance of shares of common stock as a result of stock purchased under the Employee Stock Purchase Plan | ' | ' | ' | ' | ' | ' | 8,361 | ' | ' | 119,797 | ' | ' | ' | ' | ' | 128,158 |
Proceeds from issuance of shares of common stock as a result of stock options exercised | ' | ' | ' | ' | ' | ' | 630 | ' | ' | 5,159 | ' | ' | ' | ' | ' | 5,789 |
Stock compensation expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | 179,265 | ' | ' | ' | ' | ' | 179,265 |
Tax benefit of nonqualified stock options exercised | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,284 | ' | ' | ' | ' | ' | 1,284 |
Restricted stock awards | ' | ' | ' | ' | ' | ' | 2,290 | ' | ' | -2,290 | ' | ' | ' | ' | ' | ' |
Balance at Jun. 30, 2014 | ' | ' | ' | ' | ' | ' | 8,049,889 | ' | ' | 60,999,044 | 71,137,294 | -3,937,188 | -1,606,510 | ' | ' | 134,642,529 |
Net income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,062,665 | ' | ' | ' | ' | 4,062,665 |
Other comprehensive income (loss), net of tax | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -812,175 | ' | ' | ' | -812,175 |
Proceeds from issuance of shares of common stock as a result of stock purchased under the Employee Stock Purchase Plan | ' | ' | ' | ' | ' | ' | 5,481 | ' | ' | 78,533 | ' | ' | ' | ' | ' | 84,014 |
Proceeds from issuance of shares of common stock as a result of stock options exercised | ' | ' | ' | ' | ' | ' | 2,400 | ' | ' | 19,097 | ' | ' | ' | ' | ' | 21,497 |
Stock compensation expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | 176,257 | ' | ' | ' | ' | ' | 176,257 |
Tax benefit of nonqualified stock options exercised | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,189 | ' | ' | ' | ' | ' | 5,189 |
Restricted stock awards | ' | ' | ' | ' | ' | ' | 289 | ' | ' | -289 | ' | ' | ' | ' | ' | ' |
Balance at Sep. 30, 2014 | ' | ' | ' | ' | ' | ' | $8,058,059 | ' | ' | $61,277,831 | $75,199,959 | ($4,749,363) | ($1,606,510) | ' | ' | $138,179,976 |
Consolidated_Statements_of_Cha1
Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (Parentheticals) (USD $) | 3 Months Ended | |||||||||||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2013 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | |
Series F Noncumulative Perpetual Preferred Stock Redemption Two[Member] | Series F Noncumulative Perpetual Preferred Stock Redemption Two[Member] | Common Stock [Member] | Common Stock [Member] | Common Stock [Member] | Common Stock [Member] | Common Stock [Member] | Common Stock [Member] | Common Stock [Member] | Common Stock [Member] | |||
Preferred Stock [Member] | Preferred Stock [Member] | Restricted Stock [Member] | Exchange [Member] | |||||||||
Exchange [Member] | ||||||||||||
Redemption of shares of Series F Noncumulative Perpetual Preferred Stock | ' | ' | 14,867 | 15,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from issuance of shares of common stock as a result of stock purchased under the Employee Stock Purchase Plan | ' | ' | ' | ' | ' | ' | 5,481 | 8,361 | 6,189 | 5,973 | 9,560 | 5,884 |
Proceeds from issuance of shares of common stock as a result of stock options exercised | ' | ' | ' | ' | ' | 7,048 | 2,400 | 630 | 9,814 | 7,230 | 3,769 | 19,278 |
Exchange of shares of common stock in connection with restricted stock vested, net | ' | ' | ' | ' | 10,300 | ' | ' | ' | ' | ' | ' | 16,798 |
Common cash dividends declared per share (in Dollars per share) | $0.04 | $0.04 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from issuance of shares of common stock as a result of the acquisition of Community National Bancorporation, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 834,715 | ' |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||||
Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | ||||
CASH FLOWS FROM OPERATING ACTIVITIES | ' | ' | ' | |||
Net income | $3,811,944 | $11,959,716 | $11,122,319 | |||
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' | ' | |||
Depreciation | ' | 2,092,992 | 1,995,829 | |||
Provision for loan/lease losses | 1,366,984 | 3,159,364 | 3,944,903 | |||
Stock-based compensation expense | ' | 703,274 | 619,506 | |||
Deferred compensation expense accrued | ' | 996,941 | 623,781 | |||
Losses on other real estate owned, net | ' | 114,109 | 566,714 | |||
Amortization of premiums on securities, net | ' | 1,470,641 | 2,862,396 | |||
Securities gains | ' | -40,625 | -433,396 | |||
Loans originated for sale | ' | -32,643,486 | -70,569,738 | |||
Proceeds on sales of loans | ' | 33,537,484 | 76,372,739 | |||
Gains on sales of residential real estate loans | ' | -317,085 | -722,368 | |||
Gains on sales of government guaranteed portions of loans | ' | -860,923 | -1,949,300 | |||
Amortization of core deposit intangible | ' | 149,634 | 129,003 | |||
Accretion of acquisition fair value adjustments, net | ' | -549,604 | -592,620 | |||
Gain on the sale of premises and equipment | ' | -42,554 | ' | |||
Increase in cash value of bank-owned life insurance | ' | -1,276,901 | -1,328,598 | |||
Bargain purchase gain on Community National acquisition | ' | ' | -1,841,385 | |||
Decrease (increase) in other assets | ' | -595,429 | 7,319,681 | |||
Increase in other liabilities | ' | 687,445 | 2,553,307 | |||
Net cash provided by operating activities | ' | 18,544,993 | 30,672,773 | |||
CASH FLOWS FROM INVESTING ACTIVITIES | ' | ' | ' | |||
Net decrease (increase) in federal funds sold | ' | 9,675,000 | -9,297,000 | |||
Net decrease (increase) in interest-bearing deposits at financial institutions | ' | -1,586,856 | 8,521,233 | |||
Proceeds from sales of other real estate owned | ' | 1,172,365 | 662,586 | |||
Purchase of derivative instruments | ' | -2,071,650 | ' | |||
Activity in securities portfolio: | ' | ' | ' | |||
Purchases | ' | -48,493,532 | -297,033,410 | |||
Calls, maturities and redemptions | ' | 30,827,423 | 138,661,369 | |||
Paydowns | ' | 19,147,455 | 38,967,219 | |||
Sales | ' | 65,754,467 | 37,393,047 | |||
Activity in restricted investment securities: | ' | ' | ' | |||
Purchases | ' | -1,653,450 | -6,184,250 | |||
Redemptions | ' | 3,377,900 | 7,243,400 | |||
Net increase in loans/leases originated and held for investment | ' | -115,589,620 | -65,747,455 | |||
Net cash received from the sale of premises and equipment | ' | 291,006 | ' | |||
Purchase of premises and equipment | ' | -1,587,828 | -1,597,434 | |||
Net cash received from Community National acquisition | ' | ' | 3,025,073 | |||
Net cash used in investing activities | ' | -40,737,320 | -145,385,622 | |||
CASH FLOWS FROM FINANCING ACTIVITIES | ' | ' | ' | |||
Net increase in deposit accounts | ' | 66,893,213 | 112,711,191 | |||
Net increase (decrease) in short-term borrowings | ' | 12,893,731 | -1,823,399 | |||
Activity in Federal Home Loan Bank advances: | ' | ' | ' | |||
Advances | ' | 17,000,000 | 163,000,000 | |||
Calls and maturities | ' | -51,850,000 | -160,000,000 | |||
Proceeds from term debt | ' | 10,000,000 | 10,000,000 | |||
Principal payments on term debt | ' | -1,000,000 | ' | |||
Payment on 364-day revolving note | ' | ' | -5,600,000 | |||
Repayment of Community National's other borrowings at acquisition | ' | ' | -3,950,000 | |||
Payment of cash dividends on common and preferred stock | ' | -1,964,607 | -2,853,434 | |||
Cash and due from banks, beginning | ' | 41,950,790 | 61,568,446 | |||
Cash and due from banks, ending | 58,724,270 | 42,326,177 | 58,724,270 | |||
Supplemental disclosure of cash flow information, cash payments for: | ' | ' | ' | |||
Interest | ' | 12,445,044 | 13,546,215 | |||
Income/franchise taxes | ' | 3,457,500 | 1,371,120 | |||
Supplemental schedule of noncash investing activities: | ' | ' | ' | |||
Change in accumulated other comprehensive income (loss), unrealized gains (losses) on securities available for sale and derivative instruments, net | ' | 8,894,623 | -14,746,038 | |||
Exchange of shares of common stock in connection with payroll taxes for restricted stock and in connection with stock options exercised | ' | -177,984 | -424,587 | |||
Transfers of loans to other real estate owned | ' | 2,237,268 | 5,220,235 | |||
Change in due to broker | ' | 9,750,000 | ' | |||
Fair value of assets acquired: | ' | ' | ' | |||
Cash and due from banks * | 9,286,757 | [1] | ' | [1] | 9,286,757 | [1] |
Federal funds sold | 12,335,000 | ' | 12,335,000 | |||
Interest-bearing deposits at financial institutions | 2,024,539 | ' | 2,024,539 | |||
Securities available for sale | 45,853,826 | ' | 45,853,826 | |||
Loans/leases receivable held for investment, net | 195,658,486 | ' | 195,658,486 | |||
Premises and equipment, net | 8,132,021 | ' | 8,132,021 | |||
Core deposit intangible | 3,440,076 | ' | 3,440,076 | |||
Bank-owned life insurance | 4,595,529 | ' | 4,595,529 | |||
Restricted investment securities | 1,259,375 | ' | 1,259,375 | |||
Other real estate owned | 550,326 | ' | 550,326 | |||
Other assets | 5,178,583 | ' | 5,178,583 | |||
Total assets acquired | 288,314,518 | ' | 288,314,518 | |||
Fair value of liabilities assumed: | ' | ' | ' | |||
Deposits | 255,045,071 | ' | 255,045,071 | |||
Other borrowings | 3,950,000 | ' | 3,950,000 | |||
Junior subordinated debentures | 4,125,175 | ' | 4,125,175 | |||
Other liabilities | 3,911,053 | ' | 3,911,053 | |||
Total liabilities assumed | 267,031,299 | ' | 267,031,299 | |||
Net assets acquired | 21,283,219 | ' | 21,283,219 | |||
Consideration paid: | ' | ' | ' | |||
Cash paid * | ' | ' | [1] | 6,261,684 | [1] | |
Issuance of 834,715 shares of common stock | ' | ' | 13,180,150 | |||
Total consideration paid | ' | ' | 19,441,834 | |||
Bargain purchase gain | ' | ' | 1,841,385 | |||
Series F Noncumulative Perpetual Preferred Stock Redemption One [Member] | ' | ' | ' | |||
Activity in Federal Home Loan Bank advances: | ' | ' | ' | |||
Redemption of shares of preferred stock, value | ' | -15,000,000 | ' | |||
Series F Noncumulative Perpetual Preferred Stock Redemption Two[Member] | ' | ' | ' | |||
Activity in Federal Home Loan Bank advances: | ' | ' | ' | |||
Redemption of shares of preferred stock, value | ' | -14,823,922 | ' | |||
Common Stock [Member] | ' | ' | ' | |||
Activity in Federal Home Loan Bank advances: | ' | ' | ' | |||
Proceeds from issuance of common stock, net | ' | 419,299 | 384,315 | |||
Net cash provided by financing activities | ' | 22,567,714 | 111,868,673 | |||
Net increase (decrease) in cash and due from banks | ' | $375,387 | ($2,844,176) | |||
[1] | Net cash received at closing totaled $3,025,073 |
Consolidated_Statements_of_Cas1
Consolidated Statements of Cash Flows (Unaudited) (Parentheticals) | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | |
Series F Noncumulative Perpetual Preferred Stock Redemption One [Member] | Series F Noncumulative Perpetual Preferred Stock Redemption Two[Member] | ||
Redemption of shares of preferred stock, shares | ' | 15,000 | 14,867 |
Common stock | 834,715 | ' | ' |
Note_1_Summary_of_Significant_
Note 1 - Summary of Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2014 | |
Accounting Policies [Abstract] | ' |
Significant Accounting Policies [Text Block] | ' |
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
Basis of presentation: The interim unaudited consolidated financial statements contained herein should be read in conjunction with the audited consolidated financial statements and accompanying notes to the consolidated financial statements for the fiscal year ended December 31, 2013, included in QCR Holdings, Inc.’s (the “Company”) Form 10-K filed with the Securities and Exchange Commission on March 10, 2014. Accordingly, footnote disclosures, which would substantially duplicate the disclosures contained in the audited consolidated financial statements, have been omitted. | |
The financial information of the Company included herein has been prepared in accordance with U.S. generally accepted accounting principles for interim financial reporting and has been prepared pursuant to the rules and regulations for reporting on Form 10-Q and Rule 10-01 of Regulation S-X. Such information reflects all adjustments (consisting of normal recurring adjustments) that are, in the opinion of management, necessary for a fair presentation of the financial position and results of operations for the periods presented. Any differences appearing between the numbers presented in financial statements and management’s discussion and analysis are due to rounding. The results of the interim period ended September 30, 2014, are not necessarily indicative of the results expected for the year ending December 31, 2014. | |
The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries which include three commercial banks: Quad City Bank & Trust Company (“QCBT”), Cedar Rapids Bank & Trust Company (“CRBT”), and Rockford Bank & Trust Company (“RB&T”). On May 13, 2013, the Company acquired Community National Bancorporation (“Community National”) and its banking subsidiary Community National Bank (“CNB”). The Company operated CNB as a separate banking charter from the acquisition date 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”. QCBT, CRBT, and RB&T are all state-chartered commercial banks. The Company also engages in direct financing lease contracts through m2 Lease Funds, LLC (“m2 Lease Funds”), a wholly-owned subsidiary of QCBT. All material intercompany transactions and balances have been eliminated in consolidation. | |
Recent accounting developments: In January 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“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 and is not expected to have a significant impact on the Company’s consolidated financial statements. | |
In May 2014, FASB issued ASU 2014-09, Revenue from Contracts with Customers. ASU 2014-09 implements a common revenue standard that clarifies the principles for recognizing revenue. The core principle of ASU 2014-09 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps: (i) identify the contract(s) with a customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract and (v) recognize revenue when (or as) the entity satisfies a performance obligation. ASU 2014-09 is effective on January 1, 2017 and is not expected to have a significant impact on the Company’s financial statements. | |
In June 2014, FASB issued ASU 2014-11, Transfers and Servicing. ASU 2014-11 requires that repurchase-to-maturity transactions be accounted for as secured borrowings, consistent with the accounting for other repurchase agreements. In addition, ASU 2014-11 requires separate accounting for repurchase financings, which entail the transfer of a financial asset executed contemporaneously with a repurchase agreement with the same counterparty. The standard requires entities to disclose certain information about transfers accounted for as sales in transactions that are economically similar to repurchase agreements. In addition, ASU 2014-11 requires disclosures related to collateral and remaining tenor and of the potential risks associated with repurchase agreements, securities lending transactions and repurchase-to-maturity transactions. ASU 2014-11 is effective on January 1, 2015 and is not expected to have a significant impact on the Company’s consolidated financial statements. | |
In August 2014, FASB issued ASU 2014-14, Classification of Certain Government-Guaranteed Mortgage Loans Upon Foreclosure. ASU 2014-14 requires creditors to reclassify loans that are within the scope of the ASU to “other receivables” upon foreclosure, rather than reclassifying them as other real estate owned. The most common types of government guaranteed loans include those guaranteed by the Federal Housing Authority (FHA), U.S. Department of Housing and Urban Development (HUD), U.S. Department of Veterans Affairs (VA) and the U.S. Small Business Administration (SBA). The separate other receivable recorded upon foreclosure is to be measured based on the amount of the loan balance (principal and interest) the creditor expects to recover from the guarantor. ASU 2014-14 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2014 and is not expected to have a significant impact on the Company’s consolidated financial statements. | |
Allowance for estimated losses on loans/leases: The Company has certain loans risk-rated 7 (substandard), which are not classified as impaired based on the facts of the credit. For these non-impaired and risk-rated 7 loans, the Company does not provide a general allowance as it does for all other non-impaired loans. Rather, the Company performs a more precise analysis including evaluation of the cash flow and collateral valuation for each individual credit. A specific allowance is established based upon this evaluation. These non-impaired risk-rated 7 loans exist primarily in the commercial and industrial and commercial real estate segments. | |
Reclassifications: Certain amounts in the prior year consolidated financial statements have been reclassified, with no effect on net income or stockholders’ equity, to conform with the current period presentation. |
Note_2_Investment_Securities
Note 2 - Investment Securities | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||
Investment Holdings [Abstract] | ' | ||||||||||||||||||||||||
Investment Holdings [Text Block] | ' | ||||||||||||||||||||||||
NOTE 2 – INVESTMENT SECURITIES | |||||||||||||||||||||||||
The amortized cost and fair value of investment securities as of September 30, 2014 and December 31, 2013 are summarized as follows: | |||||||||||||||||||||||||
Gross | Gross | ||||||||||||||||||||||||
Amortized | Unrealized | Unrealized | Fair | ||||||||||||||||||||||
Cost | Gains | (Losses) | Value | ||||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||||||
Securities held to maturity: | |||||||||||||||||||||||||
Municipal securities | $ | 184,790,139 | $ | 1,861,338 | $ | (1,765,426 | ) | $ | 184,886,051 | ||||||||||||||||
Other securities | 1,050,000 | - | - | 1,050,000 | |||||||||||||||||||||
$ | 185,840,139 | $ | 1,861,338 | $ | (1,765,426 | ) | $ | 185,936,051 | |||||||||||||||||
Securities available for sale: | |||||||||||||||||||||||||
U.S. govt. sponsored agency securities | $ | 315,019,934 | $ | 30,913 | $ | (9,046,242 | ) | $ | 306,004,605 | ||||||||||||||||
Residential mortgage-backed and related securities | 127,822,284 | 1,372,274 | (1,414,809 | ) | 127,779,749 | ||||||||||||||||||||
Municipal securities | 30,209,955 | 1,149,656 | (99,465 | ) | 31,260,146 | ||||||||||||||||||||
Other securities | 1,354,116 | 545,951 | - | 1,900,067 | |||||||||||||||||||||
$ | 474,406,289 | $ | 3,098,794 | $ | (10,560,516 | ) | $ | 466,944,567 | |||||||||||||||||
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 | |||||||||||||||||
The Company’s held to maturity municipal securities consist largely of private issues of municipal debt. The municipalities are located within the Midwest with a portion in or adjacent to the communities of QCBT and CRBT. The municipal debt investments are underwritten using specific guidelines with ongoing monitoring. | |||||||||||||||||||||||||
The Company’s residential mortgage-backed and related securities portfolio consists entirely of government sponsored or government guaranteed securities. The Company has not invested in commercial mortgage-backed securities or pooled trust preferred securities. | |||||||||||||||||||||||||
Gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position as of September 30, 2014 and December 31, 2013, are summarized as follows: | |||||||||||||||||||||||||
Less than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||
Gross | Gross | Gross | |||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | ||||||||||||||||||||
September 30, 2014: | |||||||||||||||||||||||||
Securities held to maturity: | |||||||||||||||||||||||||
Municipal securities | $ | 29,794,026 | $ | (633,024 | ) | $ | 43,172,941 | $ | (1,132,402 | ) | $ | 72,966,967 | $ | (1,765,426 | ) | ||||||||||
Securities available for sale: | |||||||||||||||||||||||||
U.S. govt. sponsored agency securities | $ | 32,208,945 | $ | (156,930 | ) | $ | 262,773,625 | $ | (8,889,312 | ) | $ | 294,982,570 | $ | (9,046,242 | ) | ||||||||||
Residential mortgage-backed and related securities | 10,125,288 | (74,264 | ) | 58,008,272 | (1,340,545 | ) | 68,133,560 | (1,414,809 | ) | ||||||||||||||||
Municipal securities | 1,446,532 | (3,113 | ) | 5,616,381 | (96,352 | ) | 7,062,913 | (99,465 | ) | ||||||||||||||||
$ | 43,780,765 | $ | (234,307 | ) | $ | 326,398,278 | $ | (10,326,209 | ) | $ | 370,179,043 | $ | (10,560,516 | ) | |||||||||||
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 | ) | |||||||||||
At September 30, 2014, the investment portfolio included 505 securities. Of this number, 241 securities had current unrealized losses with aggregate depreciation of less than 3% from the total amortized cost basis. Of these, 190 securities had an unrealized loss for twelve 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 it is not more-likely-than-not that the Company will be required to sell these debt securities before their anticipated recovery. At September 30, 2014 and December 31, 2013, equity securities represented less than 1% of the total portfolio. | |||||||||||||||||||||||||
The Company did not recognize other-than-temporary impairment on any debt or equity securities for the three and nine months ended September 30, 2014 and 2013. | |||||||||||||||||||||||||
All sales of securities for the three and nine months ended September 30, 2014 and 2013, respectively, were from securities identified as available for sale. Information on proceeds received, as well as pre-tax gross gains and losses from sales on those securities are as follows: | |||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||
30-Sep-14 | 30-Sep-13 | 30-Sep-14 | 30-Sep-13 | ||||||||||||||||||||||
Proceeds from sales of securities | $ | 39,876,889 | $ | 31,225,516 | $ | 65,754,467 | $ | 37,393,047 | |||||||||||||||||
Pre-tax gross gains from sales of securities | 357,934 | 506,611 | 379,130 | 523,071 | |||||||||||||||||||||
Pre-tax gross losses from sales of securities | (338,505 | ) | (89,675 | ) | (338,505 | ) | (89,675 | ) | |||||||||||||||||
The amortized cost and fair value of securities as of September 30, 2014 by contractual maturity are shown below. Expected maturities of residential mortgage-backed and related securities may differ from contractual maturities because the residential mortgages underlying the residential mortgage-backed and related securities may be called or prepaid without any penalties. Therefore, these securities are not included in the maturity categories in the following table. “Other securities” available for sale are excluded from the maturity categories as there is no fixed maturity date for those securities. | |||||||||||||||||||||||||
Amortized Cost | Fair Value | ||||||||||||||||||||||||
Securities held to maturity: | |||||||||||||||||||||||||
Due in one year or less | $ | 12,682,406 | $ | 12,683,453 | |||||||||||||||||||||
Due after one year through five years | 16,825,667 | 16,856,667 | |||||||||||||||||||||||
Due after five years | 156,332,066 | 156,395,931 | |||||||||||||||||||||||
$ | 185,840,139 | $ | 185,936,051 | ||||||||||||||||||||||
Securities available for sale: | |||||||||||||||||||||||||
Due in one year or less | $ | 3,649,998 | $ | 3,664,418 | |||||||||||||||||||||
Due after one year through five years | 60,972,541 | 60,242,076 | |||||||||||||||||||||||
Due after five years | 280,607,350 | 273,358,257 | |||||||||||||||||||||||
$ | 345,229,889 | $ | 337,264,751 | ||||||||||||||||||||||
Residential mortgage-backed and related securities | 127,822,284 | 127,779,749 | |||||||||||||||||||||||
Other securities | 1,354,116 | 1,900,067 | |||||||||||||||||||||||
$ | 474,406,289 | $ | 466,944,567 | ||||||||||||||||||||||
Portions of the U.S. government sponsored agency securities and municipal securities contain call options, at the discretion of the issuer, to terminate the security at par and at predetermined dates prior to the stated maturity, summarized as follows: | |||||||||||||||||||||||||
Amortized Cost | Fair Value | ||||||||||||||||||||||||
Securities held to maturity: | |||||||||||||||||||||||||
Municipal securities | $ | 99,883,698 | $ | 100,074,857 | |||||||||||||||||||||
Securities available for sale: | |||||||||||||||||||||||||
U.S. govt. sponsored agency securities | 250,617,040 | 243,092,527 | |||||||||||||||||||||||
Municipal securities | 18,473,306 | 18,985,950 | |||||||||||||||||||||||
$ | 269,090,346 | $ | 262,078,477 | ||||||||||||||||||||||
The Company had available for sale municipal securities with a fair value of $31.3 million and $36.0 million as of September 30, 2014 and December 31, 2013, respectively. In addition, the Company had held to maturity municipal securities which were reported at amortized cost totaling $184.8 million and $144.4 million as of September 30, 2014 and December 31, 2013, respectively. | |||||||||||||||||||||||||
As of September 30, 2014, the Company’s municipal securities portfolios were comprised of general obligation bonds with fair values totaling $63.2 million and revenue bonds issued by 272 issuers, primarily consisting of states, counties, towns, villages and school districts with fair values totaling $153.0 million. The Company held investments in general obligation bonds in 19 states, including three states in which the aggregate fair value exceeded $5.0 million. The Company held investments in revenue bonds in eight states, including four states in which the aggregate fair value exceeded $5.0 million. | |||||||||||||||||||||||||
As of December 31, 2013, the Company’s municipal securities portfolios were comprised of general obligation bonds with fair values totaling $54.2 million and revenue bonds issued by 269 issuers, primarily consisting of states, counties, towns, villages and school districts with fair values totaling $119.3 million. The Company held investments in general obligation bonds in 20 states, including two states in which the aggregate fair value exceeded $5.0 million. The Company held investments in revenue bonds in eight states, including four states in which the aggregate fair value exceeded $5.0 million. | |||||||||||||||||||||||||
The amortized cost and fair values of the Company’s portfolio of general obligation bonds are summarized in the following tables by the issuer’s state: | |||||||||||||||||||||||||
September 30, 2014: | |||||||||||||||||||||||||
U.S. State: | Number of Issuers | Amortized Cost | Fair Value | Average Exposure Per Issuer (Fair Value) | |||||||||||||||||||||
Illinois | 32 | $ | 23,058,258 | $ | 23,431,499 | $ | 732,234 | ||||||||||||||||||
Iowa | 25 | 16,557,625 | 16,746,965 | 669,879 | |||||||||||||||||||||
Missouri | 12 | 6,136,797 | 6,097,169 | 508,097 | |||||||||||||||||||||
Other | 52 | 16,674,720 | 16,908,510 | 325,164 | |||||||||||||||||||||
Total general obligation bonds | 121 | $ | 62,427,400 | $ | 63,184,143 | $ | 522,183 | ||||||||||||||||||
December 31, 2013: | |||||||||||||||||||||||||
U.S. State: | Number of Issuers | Amortized Cost | Fair Value | Average Exposure Per Issuer (Fair Value) | |||||||||||||||||||||
Iowa | 30 | $ | 17,946,059 | $ | 17,444,045 | $ | 581,468 | ||||||||||||||||||
Illinois | 36 | 15,063,325 | 15,264,718 | 424,020 | |||||||||||||||||||||
Other | 67 | 22,166,026 | 21,512,582 | 321,083 | |||||||||||||||||||||
Total general obligation bonds | 133 | $ | 55,175,410 | $ | 54,221,345 | $ | 407,679 | ||||||||||||||||||
The general obligations bonds are diversified across many issuers. As of September 30, 2014 and December 31, 2013, the Company did not hold general obligation bonds of any single issuer, the aggregate book or market value of which exceeded 10% of the Company’s stockholders’ equity. Of the general obligation bonds in the Company’s portfolio, the majority are unrated bonds that represent small, private issuances. All unrated general obligation bonds were underwritten according to loan underwriting standards and have an average risk rating of 2, indicating very high quality. Additionally, many of these bonds are funding essential services (water, sewer, education, medical facilities). | |||||||||||||||||||||||||
The amortized cost and fair values of the Company’s portfolio of revenue bonds are summarized in the following tables by the issuer’s state: | |||||||||||||||||||||||||
September 30, 2014: | |||||||||||||||||||||||||
U.S. State: | Number of Issuers | Amortized Cost | Fair Value | Average Exposure Per Issuer (Fair Value) | |||||||||||||||||||||
Iowa | 37 | $ | 59,955,899 | $ | 60,603,053 | $ | 1,637,920 | ||||||||||||||||||
Missouri | 65 | 54,016,464 | 53,997,386 | 830,729 | |||||||||||||||||||||
Indiana | 12 | 17,991,200 | 17,835,277 | 1,486,273 | |||||||||||||||||||||
Kansas | 6 | 12,310,134 | 12,139,318 | 2,023,220 | |||||||||||||||||||||
Other | 31 | 8,298,997 | 8,387,020 | 270,549 | |||||||||||||||||||||
Total revenue bonds | 151 | $ | 152,572,694 | $ | 152,962,054 | $ | 1,012,994 | ||||||||||||||||||
December 31, 2013: | |||||||||||||||||||||||||
U.S. State: | Number of Issuers | Amortized Cost | Fair Value | Average Exposure Per Issuer (Fair Value) | |||||||||||||||||||||
Iowa | 31 | $ | 47,903,572 | $ | 46,257,997 | $ | 1,492,193 | ||||||||||||||||||
Missouri | 57 | 42,085,249 | 40,054,613 | 702,713 | |||||||||||||||||||||
Indiana | 8 | 15,020,000 | 14,324,717 | 1,790,590 | |||||||||||||||||||||
Kansas | 5 | 11,022,382 | 9,997,068 | 1,999,414 | |||||||||||||||||||||
Other | 35 | 9,009,148 | 8,693,222 | 248,378 | |||||||||||||||||||||
Total revenue bonds | 136 | $ | 125,040,351 | $ | 119,327,617 | $ | 877,409 | ||||||||||||||||||
The revenue bonds are diversified across many issuers. As of September 30, 2014 and December 31, 2013, the Company did not hold revenue bonds of any single issuer, the aggregate book or market value of which exceeded 10% of the Company’s stockholders’ equity. Of the revenue bonds in the Company’s portfolio, the majority are unrated bonds that represent small, private issuances. All unrated revenue bonds were underwritten according to loan underwriting standards and have an average risk rating of 2, indicating very high quality. Additionally, many of these bonds are funding essential services (water, sewer, education, medical facilities). | |||||||||||||||||||||||||
The Company’s municipal securities are owned by each of the three charters, whose investment policies set forth limits for various subcategories within the municipal securities portfolio. Each charter is monitored individually and as of September 30, 2014, all were well-within policy limitations approved by the board of directors. Policy limits are calculated as a percentage of total risk-based capital. | |||||||||||||||||||||||||
As of September 30, 2014, the Company’s regular monitoring of its municipal securities portfolio had not uncovered any facts or circumstances resulting in significantly different credits ratings than those assigned by a nationally recognized statistical rating organization, or in the case of unrated bonds, the rating assigned using the credit underwriting standards. |
Note_3_LoansLeases_Receivable
Note 3 - Loans/Leases Receivable | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||||||||||||||||||
Financing Receivables [Text Block] | ' | ||||||||||||||||||||||||||||||||
NOTE 3 – LOANS/LEASES RECEIVABLE | |||||||||||||||||||||||||||||||||
The composition of the loan/lease portfolio as of September 30, 2014 and December 31, 2013 is presented as follows: | |||||||||||||||||||||||||||||||||
As of September 30, | As of December 31, | ||||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||||
Commercial and industrial loans | $ | 479,747,059 | $ | 431,688,129 | |||||||||||||||||||||||||||||
Commercial real estate loans | |||||||||||||||||||||||||||||||||
Owner-occupied commercial real estate | 251,076,360 | 261,215,912 | |||||||||||||||||||||||||||||||
Commercial construction, land development, and other land | 69,856,024 | 57,844,902 | |||||||||||||||||||||||||||||||
Other non owner-occupied commercial real estate | 376,795,649 | 352,692,115 | |||||||||||||||||||||||||||||||
697,728,033 | 671,752,929 | ||||||||||||||||||||||||||||||||
Direct financing leases * | 162,476,079 | 128,901,442 | |||||||||||||||||||||||||||||||
Residential real estate loans ** | 154,954,020 | 147,356,323 | |||||||||||||||||||||||||||||||
Installment and other consumer loans | 71,760,173 | 76,033,810 | |||||||||||||||||||||||||||||||
1,566,665,364 | 1,455,732,633 | ||||||||||||||||||||||||||||||||
Plus deferred loan/lease origination costs, net of fees | 6,203,781 | 4,546,925 | |||||||||||||||||||||||||||||||
1,572,869,145 | 1,460,279,558 | ||||||||||||||||||||||||||||||||
Less allowance for estimated losses on loans/leases | (22,767,917 | ) | (21,448,048 | ) | |||||||||||||||||||||||||||||
$ | 1,550,101,228 | $ | 1,438,831,510 | ||||||||||||||||||||||||||||||
* Direct financing leases: | |||||||||||||||||||||||||||||||||
Net minimum lease payments to be received | $ | 184,475,603 | $ | 145,662,254 | |||||||||||||||||||||||||||||
Estimated unguaranteed residual values of leased assets | 1,538,482 | 1,694,499 | |||||||||||||||||||||||||||||||
Unearned lease/residual income | (23,538,006 | ) | (18,455,311 | ) | |||||||||||||||||||||||||||||
162,476,079 | 128,901,442 | ||||||||||||||||||||||||||||||||
Plus deferred lease origination costs, net of fees | 6,339,575 | 4,814,183 | |||||||||||||||||||||||||||||||
168,815,654 | 133,715,625 | ||||||||||||||||||||||||||||||||
Less allowance for estimated losses on leases | (3,106,887 | ) | (2,517,217 | ) | |||||||||||||||||||||||||||||
$ | 165,708,767 | $ | 131,198,408 | ||||||||||||||||||||||||||||||
*Management performs an evaluation of the estimated unguaranteed residual values of leased assets on an annual basis, at a minimum. The evaluation consists of discussions with reputable and current vendors and management’s expertise and understanding of the current states of particular industries to determine informal valuations of the equipment. As necessary and where available, management will utilize valuations by independent appraisers. The large majority of leases with residual values contain a lease options rider which requires the lessee to pay the residual value directly, finance the payment of the residual value, or extend the lease term to pay the residual value. In these cases, the residual value is protected and the risk of loss is minimal. There were no losses related to residual values for the three and nine months ended September 30, 2014 and 2013. | |||||||||||||||||||||||||||||||||
**Includes residential real estate loans held for sale totaling $1,642,300 and $1,358,290 as of September 30, 2014, and December 31, 2013, respectively. | |||||||||||||||||||||||||||||||||
The aging of the loan/lease portfolio by classes of loans/leases as of September 30, 2014 and December 31, 2013 is presented as follows: | |||||||||||||||||||||||||||||||||
As of September 30, 2014 | |||||||||||||||||||||||||||||||||
Classes of Loans/Leases | Current | 30-59 Days Past Due | 60-89 Days Past Due | Accruing Past Due 90 Days or More | Nonaccrual Loans/Leases | Total | |||||||||||||||||||||||||||
Commercial and Industrial | $ | 470,898,126 | $ | 638,002 | $ | 284,380 | $ | - | $ | 7,926,551 | $ | 479,747,059 | |||||||||||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 249,903,102 | - | - | - | 1,173,258 | 251,076,360 | |||||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 68,732,309 | 510,364 | - | - | 613,351 | 69,856,024 | |||||||||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 363,737,989 | 266,956 | 25,543 | - | 12,765,161 | 376,795,649 | |||||||||||||||||||||||||||
Direct Financing Leases | 159,714,653 | 699,590 | 392,119 | - | 1,669,717 | 162,476,079 | |||||||||||||||||||||||||||
Residential Real Estate | 153,145,275 | 49,543 | 382,281 | 51,094 | 1,325,827 | 154,954,020 | |||||||||||||||||||||||||||
Installment and Other Consumer | 70,404,267 | 284,429 | 203,591 | 4,312 | 863,574 | 71,760,173 | |||||||||||||||||||||||||||
$ | 1,536,535,721 | $ | 2,448,884 | $ | 1,287,914 | $ | 55,406 | $ | 26,337,439 | $ | 1,566,665,364 | ||||||||||||||||||||||
As a percentage of total loan/lease portfolio | 98.08 | % | 0.16 | % | 0.08 | % | 0 | % | 1.68 | % | 100 | % | |||||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||||||||||
Classes of Loans/Leases | Current | 30-59 Days Past Due | 60-89 Days Past Due | Accruing Past Due 90 Days or More | Nonaccrual Loans/Leases | Total | |||||||||||||||||||||||||||
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 | % | |||||||||||||||||||||
Nonperforming loans/leases by classes of loans/leases as of September 30, 2014 and December 31, 2013 are presented as follows: | |||||||||||||||||||||||||||||||||
As of September 30, 2014 | |||||||||||||||||||||||||||||||||
Classes of Loans/Leases | Accruing Past Due 90 Days or More | Nonaccrual Loans/Leases * | Troubled Debt Restructurings - Accruing | Total Nonperforming Loans/Leases | Percentage of Total Nonperforming Loans/Leases | ||||||||||||||||||||||||||||
Commercial and Industrial | $ | - | $ | 7,926,551 | $ | 1,437,974 | $ | 9,364,525 | 32.83 | % | |||||||||||||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | - | 1,173,258 | - | 1,173,258 | 4.11 | % | |||||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | - | 613,351 | - | 613,351 | 2.15 | % | |||||||||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | - | 12,765,161 | - | 12,765,161 | 44.76 | % | |||||||||||||||||||||||||||
Direct Financing Leases | - | 1,669,717 | - | 1,669,717 | 5.85 | % | |||||||||||||||||||||||||||
Residential Real Estate | 51,094 | 1,325,827 | 333,895 | 1,710,816 | 6 | % | |||||||||||||||||||||||||||
Installment and Other Consumer | 4,312 | 863,574 | 357,000 | 1,224,886 | 4.29 | % | |||||||||||||||||||||||||||
$ | 55,406 | $ | 26,337,439 | $ | 2,128,869 | $ | 28,521,714 | 100 | % | ||||||||||||||||||||||||
*Nonaccrual loans/leases includes $9,620,674 of troubled debt restructurings, including $81,043 in commercial and industrial loans, $8,768,590 in commercial real estate loans, $64,144 in direct financing leases, $515,827 in residential real estate loans, and $191,070 in installment loans. | |||||||||||||||||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||||||||||
Classes of Loans/Leases | Accruing Past Due 90 Days or More | Nonaccrual Loans/Leases ** | Troubled Debt Restructurings - Accruing | Total Nonperforming Loans/Leases | Percentage of Total Nonperforming Loans/Leases | ||||||||||||||||||||||||||||
Commercial and Industrial | $ | - | $ | 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 | % | ||||||||||||||||||||||||
**Nonaccrual loans/leases includes $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. | |||||||||||||||||||||||||||||||||
Changes in the allowance for estimated losses on loans/leases by portfolio segment for the three and nine months ended September 30, 2014 and 2013, respectively, are presented as follows: | |||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2014 | |||||||||||||||||||||||||||||||||
Commercial and Industrial | Commercial Real Estate | Direct Financing Leases | Residential Real Estate | Installment and Other Consumer | Total | ||||||||||||||||||||||||||||
Balance, beginning | $ | 6,549,378 | $ | 10,277,692 | $ | 3,319,131 | $ | 1,439,185 | $ | 1,481,638 | $ | 23,067,024 | |||||||||||||||||||||
Provisions (credits) charged to expense | 851,542 | (196,865 | ) | 509,657 | (53,963 | ) | (47,048 | ) | 1,063,323 | ||||||||||||||||||||||||
Loans/leases charged off | (741,127 | ) | (120,505 | ) | (741,478 | ) | (42,022 | ) | (86,370 | ) | (1,731,502 | ) | |||||||||||||||||||||
Recoveries on loans/leases previously charged off | 254,265 | 68,346 | 19,577 | 9,870 | 17,014 | 369,072 | |||||||||||||||||||||||||||
Balance, ending | $ | 6,914,058 | $ | 10,028,668 | $ | 3,106,887 | $ | 1,353,070 | $ | 1,365,234 | $ | 22,767,917 | |||||||||||||||||||||
Three Months Ended September 30, 2013 | |||||||||||||||||||||||||||||||||
Commercial and Industrial | Commercial Real Estate | Direct Financing Leases | Residential Real Estate | Installment and Other Consumer | Total | ||||||||||||||||||||||||||||
Balance, beginning | $ | 4,790,828 | $ | 12,190,497 | $ | 2,187,605 | $ | 1,165,341 | $ | 822,108 | $ | 21,156,379 | |||||||||||||||||||||
Provisions (credits) charged to expense | 765,582 | 88,761 | 338,984 | 102,523 | 71,134 | 1,366,984 | |||||||||||||||||||||||||||
Loans/leases charged off | (214,920 | ) | (443,721 | ) | (203,724 | ) | (13,599 | ) | (51,673 | ) | (927,637 | ) | |||||||||||||||||||||
Recoveries on loans/leases previously charged off | 26,034 | 375,325 | 644 | 13,240 | 51,420 | 466,663 | |||||||||||||||||||||||||||
Balance, ending | $ | 5,367,524 | $ | 12,210,862 | $ | 2,323,509 | $ | 1,267,505 | $ | 892,989 | $ | 22,062,389 | |||||||||||||||||||||
Nine Months Ended September 30, 2014 | |||||||||||||||||||||||||||||||||
Commercial and Industrial | Commercial Real Estate | Direct Financing Leases | Residential Real Estate | Installment and Other Consumer | Total | ||||||||||||||||||||||||||||
Balance, beginning | $ | 5,648,774 | $ | 10,705,434 | $ | 2,517,217 | $ | 1,395,849 | $ | 1,180,774 | $ | 21,448,048 | |||||||||||||||||||||
Provisions (credits) charged to expense | 1,930,050 | (460,356 | ) | 1,428,678 | 42,712 | 218,280 | 3,159,364 | ||||||||||||||||||||||||||
Loans/leases charged off | (967,207 | ) | (436,056 | ) | (885,966 | ) | (95,464 | ) | (102,107 | ) | (2,486,800 | ) | |||||||||||||||||||||
Recoveries on loans/leases previously charged off | 302,441 | 219,646 | 46,958 | 9,973 | 68,287 | 647,305 | |||||||||||||||||||||||||||
Balance, ending | $ | 6,914,058 | $ | 10,028,668 | $ | 3,106,887 | $ | 1,353,070 | $ | 1,365,234 | $ | 22,767,917 | |||||||||||||||||||||
Nine Months Ended September 30, 2013 | |||||||||||||||||||||||||||||||||
Commercial and Industrial | Commercial Real Estate | Direct Financing Leases | Residential Real Estate | Installment and Other Consumer | Total | ||||||||||||||||||||||||||||
Balance, beginning | $ | 4,531,545 | $ | 11,069,502 | $ | 1,990,395 | $ | 1,070,328 | $ | 1,263,434 | $ | 19,925,204 | |||||||||||||||||||||
Provisions (credits) charged to expense | 1,026,073 | 1,875,132 | 1,057,744 | 307,196 | (321,242 | ) | 3,944,903 | ||||||||||||||||||||||||||
Loans/leases charged off | (253,820 | ) | (1,264,446 | ) | (726,395 | ) | (126,490 | ) | (192,160 | ) | (2,563,311 | ) | |||||||||||||||||||||
Recoveries on loans/leases previously charged off | 63,726 | 530,674 | 1,765 | 16,471 | 142,957 | 755,593 | |||||||||||||||||||||||||||
Balance, ending | $ | 5,367,524 | $ | 12,210,862 | $ | 2,323,509 | $ | 1,267,505 | $ | 892,989 | $ | 22,062,389 | |||||||||||||||||||||
The allowance for estimated losses on loans/leases by impairment evaluation and by portfolio segment as of September 30, 2014 and December 31, 2013 is presented as follows: | |||||||||||||||||||||||||||||||||
As of September 30, 2014 | |||||||||||||||||||||||||||||||||
Commercial and Industrial | Commercial Real Estate | Direct Financing Leases | Residential Real Estate | Installment and Other Consumer | Total | ||||||||||||||||||||||||||||
Allowance for impaired loans/leases | $ | 2,204,926 | $ | 2,473,500 | $ | 165,617 | $ | 129,859 | $ | 506,860 | $ | 5,480,762 | |||||||||||||||||||||
Allowance for nonimpaired loans/leases | 4,709,132 | 7,555,168 | 2,941,270 | 1,223,211 | 858,374 | 17,287,155 | |||||||||||||||||||||||||||
$ | 6,914,058 | $ | 10,028,668 | $ | 3,106,887 | $ | 1,353,070 | $ | 1,365,234 | $ | 22,767,917 | ||||||||||||||||||||||
Impaired loans/leases | $ | 8,258,681 | $ | 14,431,006 | $ | 1,669,717 | $ | 1,659,722 | $ | 1,278,089 | $ | 27,297,215 | |||||||||||||||||||||
Nonimpaired loans/leases | 471,488,378 | 683,297,027 | 160,806,362 | 153,294,298 | 70,482,084 | 1,539,368,149 | |||||||||||||||||||||||||||
$ | 479,747,059 | $ | 697,728,033 | $ | 162,476,079 | $ | 154,954,020 | $ | 71,760,173 | $ | 1,566,665,364 | ||||||||||||||||||||||
Allowance as a percentage of impaired loans/leases | 26.7 | % | 17.14 | % | 9.92 | % | 7.82 | % | 39.66 | % | 20.08 | % | |||||||||||||||||||||
Allowance as a percentage nonimpaired loans/leases | 1 | % | 1.11 | % | 1.83 | % | 0.8 | % | 1.22 | % | 1.12 | % | |||||||||||||||||||||
1.44 | % | 1.44 | % | 1.91 | % | 0.87 | % | 1.9 | % | 1.45 | % | ||||||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||||||||||
Commercial and Industrial | Commercial Real Estate | Direct Financing Leases | Residential Real Estate | Installment and Other Consumer | Total | ||||||||||||||||||||||||||||
Allowance for impaired loans/leases | $ | 927,453 | $ | 3,174,704 | $ | 192,847 | $ | 246,266 | $ | 467,552 | $ | 5,008,822 | |||||||||||||||||||||
Allowance for nonimpaired loans/leases | 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 | ||||||||||||||||||||||
Impaired loans/leases | $ | 1,761,850 | $ | 12,956,915 | $ | 894,458 | $ | 2,116,747 | $ | 1,350,450 | $ | 19,080,420 | |||||||||||||||||||||
Nonimpaired loans/leases | 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 impaired loans/leases | 52.64 | % | 24.5 | % | 21.56 | % | 11.63 | % | 34.62 | % | 26.25 | % | |||||||||||||||||||||
Allowance as a percentage nonimpaired loans/leases | 1.1 | % | 1.14 | % | 1.82 | % | 0.79 | % | 0.95 | % | 1.14 | % | |||||||||||||||||||||
1.31 | % | 1.59 | % | 1.95 | % | 0.95 | % | 1.55 | % | 1.47 | % | ||||||||||||||||||||||
Information for impaired loans/leases is presented in the tables below. The recorded investment represents customer balances net of any partial charge-offs recognized on the loan/lease. The unpaid principal balance represents the recorded balance outstanding on the loan/lease prior to any partial charge-offs. | |||||||||||||||||||||||||||||||||
Loans/leases, by classes of financing receivable, considered to be impaired as of and for the nine months ended September 30, 2014 are presented as follows: | |||||||||||||||||||||||||||||||||
Classes of Loans/Leases | Recorded Investment | Unpaid Principal Balance | Related Allowance | Average Recorded Investment | Interest Income Recognized | Interest Income Recognized for Cash Payments Received | |||||||||||||||||||||||||||
Impaired Loans/Leases with No Specific Allowance Recorded: | |||||||||||||||||||||||||||||||||
Commercial and Industrial | $ | 560,005 | $ | 667,983 | $ | - | $ | 647,016 | $ | 19,754 | $ | 19,754 | |||||||||||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 760,586 | 873,808 | - | 536,402 | - | - | |||||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 1,385,356 | 1,496,556 | - | 1,615,643 | - | - | |||||||||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 4,989,393 | 5,044,816 | - | 3,169,784 | 13,283 | 13,283 | |||||||||||||||||||||||||||
Direct Financing Leases | 1,109,844 | 1,109,884 | - | 966,959 | - | - | |||||||||||||||||||||||||||
Residential Real Estate | 1,113,535 | 1,113,535 | - | 1,332,539 | 2,879 | 2,879 | |||||||||||||||||||||||||||
Installment and Other Consumer | 455,457 | 455,457 | - | 520,020 | - | - | |||||||||||||||||||||||||||
$ | 10,374,176 | $ | 10,762,039 | $ | - | $ | 8,788,363 | $ | 35,916 | $ | 35,916 | ||||||||||||||||||||||
Impaired Loans/Leases with Specific Allowance Recorded: | |||||||||||||||||||||||||||||||||
Commercial and Industrial | $ | 7,698,676 | $ | 8,464,069 | $ | 2,204,926 | $ | 1,702,548 | $ | - | $ | - | |||||||||||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 439,701 | 439,701 | 143,453 | 282,878 | - | - | |||||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 794,703 | 806,703 | 457,086 | 801,643 | - | - | |||||||||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 6,061,267 | 6,760,858 | 1,872,961 | 5,971,713 | - | - | |||||||||||||||||||||||||||
Direct Financing Leases | 559,873 | 559,873 | 165,617 | 425,472 | - | - | |||||||||||||||||||||||||||
Residential Real Estate | 546,187 | 546,187 | 129,859 | 520,782 | 2,074 | 2,074 | |||||||||||||||||||||||||||
Installment and Other Consumer | 822,632 | 822,632 | 506,860 | 779,968 | 2,670 | 2,670 | |||||||||||||||||||||||||||
$ | 16,923,039 | $ | 18,400,023 | $ | 5,480,762 | $ | 10,485,004 | $ | 4,744 | $ | 4,744 | ||||||||||||||||||||||
Total Impaired Loans/Leases: | |||||||||||||||||||||||||||||||||
Commercial and Industrial | $ | 8,258,681 | $ | 9,132,052 | $ | 2,204,926 | $ | 2,349,564 | $ | 19,754 | $ | 19,754 | |||||||||||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 1,200,287 | 1,313,509 | 143,453 | 819,280 | - | - | |||||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 2,180,059 | 2,303,259 | 457,086 | 2,417,286 | - | - | |||||||||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 11,050,660 | 11,805,674 | 1,872,961 | 9,141,497 | 13,283 | 13,283 | |||||||||||||||||||||||||||
Direct Financing Leases | 1,669,717 | 1,669,757 | 165,617 | 1,392,431 | - | - | |||||||||||||||||||||||||||
Residential Real Estate | 1,659,722 | 1,659,722 | 129,859 | 1,853,321 | 4,953 | 4,953 | |||||||||||||||||||||||||||
Installment and Other Consumer | 1,278,089 | 1,278,089 | 506,860 | 1,299,988 | 2,670 | - | |||||||||||||||||||||||||||
$ | 27,297,215 | $ | 29,162,062 | $ | 5,480,762 | $ | 19,273,367 | $ | 40,660 | $ | 40,660 | ||||||||||||||||||||||
Impaired loans/leases for which no allowance has been provided have adequate collateral, based on management’s current estimates. | |||||||||||||||||||||||||||||||||
Loans/leases, by classes of financing receivable, considered to be impaired as of and for the three months ended September 30, 2014 and 2013, respectively, are presented as follows: | |||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2014 | Three Months Ended September 30, 2013 | ||||||||||||||||||||||||||||||||
Classes of Loans/Leases | Average Recorded Investment | Interest Income Recognized | Interest Income Recognized for Cash Payments Received | Average Recorded Investment | Interest Income Recognized | Interest Income Recognized for Cash Payments Received | |||||||||||||||||||||||||||
Impaired Loans/Leases with No Specific Allowance Recorded: | |||||||||||||||||||||||||||||||||
Commercial and Industrial | $ | 621,836 | $ | 17,855 | $ | 17,855 | $ | 834,405 | $ | 1,950 | $ | 1,950 | |||||||||||||||||||||
Commercial Real Estate | - | ||||||||||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 751,191 | - | - | 2,295,969 | - | - | |||||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 1,397,733 | - | - | 1,943,718 | - | - | |||||||||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 4,051,261 | - | - | 1,739,053 | 354 | 354 | |||||||||||||||||||||||||||
Direct Financing Leases | 1,152,456 | - | - | 527,153 | - | - | |||||||||||||||||||||||||||
Residential Real Estate | 1,186,197 | 704 | 704 | 1,273,943 | - | - | |||||||||||||||||||||||||||
Installment and Other Consumer | 494,498 | - | - | 1,012,035 | 1,689 | 1,689 | |||||||||||||||||||||||||||
$ | 9,655,172 | $ | 18,559 | $ | 18,559 | $ | 9,626,276 | $ | 3,993 | $ | 3,993 | ||||||||||||||||||||||
Impaired Loans/Leases with Specific Allowance Recorded: | |||||||||||||||||||||||||||||||||
Commercial and Industrial | $ | 3,454,429 | $ | - | $ | - | $ | 1,913,841 | $ | 9,340 | $ | 9,340 | |||||||||||||||||||||
Commercial Real Estate | - | ||||||||||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 439,701 | - | - | 1,181,798 | - | - | |||||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 796,194 | - | - | 1,897,759 | 1,992 | 1,992 | |||||||||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 6,034,473 | - | - | 8,893,535 | 26,484 | 26,484 | |||||||||||||||||||||||||||
Direct Financing Leases | 578,317 | - | - | 172,428 | - | - | |||||||||||||||||||||||||||
Residential Real Estate | 564,278 | 1,296 | 1,296 | 561,752 | 801 | 801 | |||||||||||||||||||||||||||
Installment and Other Consumer | 826,092 | 890 | 890 | 422,808 | - | - | |||||||||||||||||||||||||||
$ | 12,693,484 | $ | 2,186 | $ | 2,186 | $ | 15,043,921 | $ | 38,617 | $ | 38,617 | ||||||||||||||||||||||
Total Impaired Loans/Leases: | |||||||||||||||||||||||||||||||||
Commercial and Industrial | $ | 4,076,265 | $ | 17,855 | $ | 17,855 | $ | 2,748,246 | $ | 11,290 | $ | 11,290 | |||||||||||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 1,190,892 | - | - | 3,477,767 | - | - | |||||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 2,193,927 | - | - | 3,841,477 | 1,992 | 1,992 | |||||||||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 10,085,734 | - | - | 10,632,588 | 26,838 | 26,838 | |||||||||||||||||||||||||||
Direct Financing Leases | 1,730,773 | - | - | 699,581 | - | - | |||||||||||||||||||||||||||
Residential Real Estate | 1,750,475 | 2,000 | 2,000 | 1,835,695 | 801 | 801 | |||||||||||||||||||||||||||
Installment and Other Consumer | 1,320,590 | 890 | 890 | 1,434,843 | 1,689 | 1,689 | |||||||||||||||||||||||||||
$ | 22,348,656 | $ | 20,745 | $ | 20,745 | $ | 24,670,197 | $ | 42,610 | $ | 42,610 | ||||||||||||||||||||||
Impaired loans/leases for which no allowance has been provided have adequate collateral, based on management’s current estimates. | |||||||||||||||||||||||||||||||||
Loans/leases, by classes of financing receivable, considered to be impaired as of December 31, 2013 are presented as follows: | |||||||||||||||||||||||||||||||||
Classes of Loans/Leases | Recorded Investment | Unpaid Principal Balance | Related Allowance | ||||||||||||||||||||||||||||||
Impaired Loans/Leases with No Specific Allowance Recorded: | |||||||||||||||||||||||||||||||||
Commercial and Industrial | $ | 492,622 | $ | 568,951 | $ | - | |||||||||||||||||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 392,542 | 392,542 | - | ||||||||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 1,943,168 | 2,054,368 | - | ||||||||||||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 1,790,279 | 1,902,279 | - | ||||||||||||||||||||||||||||||
Direct Financing Leases | 557,469 | 557,469 | - | ||||||||||||||||||||||||||||||
Residential Real Estate | 1,071,927 | 1,071,927 | - | ||||||||||||||||||||||||||||||
Installment and Other Consumer | 509,667 | 509,667 | - | ||||||||||||||||||||||||||||||
$ | 6,757,674 | $ | 7,057,203 | $ | - | ||||||||||||||||||||||||||||
Impaired Loans/Leases with Specific Allowance Recorded: | |||||||||||||||||||||||||||||||||
Commercial and Industrial | $ | 1,269,228 | $ | 1,956,755 | $ | 927,453 | |||||||||||||||||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 159,247 | 159,247 | 67,498 | ||||||||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 888,547 | 1,011,747 | 503,825 | ||||||||||||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 7,783,132 | 8,488,414 | 2,603,381 | ||||||||||||||||||||||||||||||
Direct Financing Leases | 336,989 | 336,989 | 192,847 | ||||||||||||||||||||||||||||||
Residential Real Estate | 1,044,820 | 1,044,820 | 246,266 | ||||||||||||||||||||||||||||||
Installment and Other Consumer | 840,783 | 840,783 | 467,552 | ||||||||||||||||||||||||||||||
$ | 12,322,746 | $ | 13,838,755 | $ | 5,008,822 | ||||||||||||||||||||||||||||
Total Impaired Loans/Leases: | |||||||||||||||||||||||||||||||||
Commercial and Industrial | $ | 1,761,850 | $ | 2,525,706 | $ | 927,453 | |||||||||||||||||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 551,789 | 551,789 | 67,498 | ||||||||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 2,831,715 | 3,066,115 | 503,825 | ||||||||||||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 9,573,411 | 10,390,693 | 2,603,381 | ||||||||||||||||||||||||||||||
Direct Financing Leases | 894,458 | 894,458 | 192,847 | ||||||||||||||||||||||||||||||
Residential Real Estate | 2,116,747 | 2,116,747 | 246,266 | ||||||||||||||||||||||||||||||
Installment and Other Consumer | 1,350,450 | 1,350,450 | 467,552 | ||||||||||||||||||||||||||||||
$ | 19,080,420 | $ | 20,895,958 | $ | 5,008,822 | ||||||||||||||||||||||||||||
Impaired loans/leases for which no allowance has been provided have adequate collateral, based on management’s current estimates. | |||||||||||||||||||||||||||||||||
For commercial and industrial and commercial real estate loans, the Company’s credit quality indicator is internally assigned risk ratings. Each commercial loan is assigned a risk rating upon origination. The risk rating is reviewed every 15 months, at a minimum, and on an as needed basis depending on the specific circumstances of the loan. | |||||||||||||||||||||||||||||||||
For direct financing leases, residential real estate loans, and installment and other consumer loans, the Company’s credit quality indicator is performance determined by delinquency status. Delinquency status is updated daily by the Company’s loan system. | |||||||||||||||||||||||||||||||||
For each class of financing receivable, the following presents the recorded investment by credit quality indicator as of September 30, 2014 and December 31, 2013: | |||||||||||||||||||||||||||||||||
As of September 30, 2014 | |||||||||||||||||||||||||||||||||
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) | $ | 448,093,142 | $ | 241,429,419 | $ | 66,448,462 | $ | 349,173,522 | $ | 1,105,144,545 | |||||||||||||||||||||||
Special Mention (Rating 6) | 15,306,200 | 6,598,947 | - | 2,058,884 | 23,964,031 | ||||||||||||||||||||||||||||
Substandard (Rating 7) | 16,347,717 | 3,047,994 | 3,407,562 | 25,563,243 | 48,366,516 | ||||||||||||||||||||||||||||
Doubtful (Rating 8) | - | - | - | - | - | ||||||||||||||||||||||||||||
$ | 479,747,059 | $ | 251,076,360 | $ | 69,856,024 | $ | 376,795,649 | $ | 1,177,475,092 | ||||||||||||||||||||||||
As of September 30, 2014 | |||||||||||||||||||||||||||||||||
Delinquency Status * | Direct Financing Leases | Residential Real Estate | Installment and Other Consumer | Total | |||||||||||||||||||||||||||||
Performing | $ | 160,806,362 | $ | 153,243,203 | $ | 70,535,287 | $ | 384,584,852 | |||||||||||||||||||||||||
Nonperforming | 1,669,717 | 1,710,817 | 1,224,886 | 4,605,420 | |||||||||||||||||||||||||||||
$ | 162,476,079 | $ | 154,954,020 | $ | 71,760,173 | $ | 389,190,272 | ||||||||||||||||||||||||||
As of December 31, 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 | ||||||||||||||||||||||||
As of December 31, 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 | ||||||||||||||||||||||||||
*Performing =oans/leases accruing and less than 90 days past due. Nonperforming =oans/leases on nonaccrual, accruing loans/leases that are greater than or equal to 90 days past due, and accruing troubled debt restructurings. | |||||||||||||||||||||||||||||||||
As of September 30, 2014 and December 31, 2013, troubled debt restructurings totaled $11,749,543 and $13,413,366, respectively. | |||||||||||||||||||||||||||||||||
For each class of financing receivable, the following presents the number and recorded investment of troubled debt restructurings, by type of concession, that were restructured during the three and nine months ended September 30, 2014 and 2013. The difference between the pre-modification recorded investment and the post-modification recorded investment would be any partial charge-offs at the time of the restructuring. | |||||||||||||||||||||||||||||||||
For the three months ended September 30, 2014 | For the three months ended September 30, 2013 | ||||||||||||||||||||||||||||||||
Classes of Loans/Leases | Number of Loans / Leases | Pre-Modification Recorded Investment | Post-Modification Recorded Investment | Specific Allowance | Number of Loans / Leases | Pre-Modification Recorded Investment | Post-Modification Recorded Investment | Specific Allowance | |||||||||||||||||||||||||
CONCESSION - Interest rate adjusted below market | |||||||||||||||||||||||||||||||||
Residential Real Estate | - | $ | - | $ | - | $ | - | 1 | $ | 79,661 | $ | 79,661 | $ | 24,408 | |||||||||||||||||||
- | $ | - | $ | - | $ | - | 1 | $ | 79,661 | $ | 79,661 | $ | 24,408 | ||||||||||||||||||||
CONCESSION - Extension of Maturity | |||||||||||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | - | $ | - | $ | - | $ | - | 1 | $ | 61,517 | $ | 61,517 | $ | - | |||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | - | - | - | - | 7 | 6,637,835 | 6,637,835 | 1,518,303 | |||||||||||||||||||||||||
- | $ | - | $ | - | $ | - | 8 | $ | 6,699,352 | $ | 6,699,352 | $ | 1,518,303 | ||||||||||||||||||||
CONCESSION - Other | |||||||||||||||||||||||||||||||||
Residential Real Estate | 1 | $ | 96,439 | $ | 71,760 | $ | 7,125 | - | $ | - | $ | - | $ | - | |||||||||||||||||||
1 | $ | 96,439 | $ | 71,760 | $ | 7,125 | - | $ | - | $ | - | $ | - | ||||||||||||||||||||
TOTAL | 1 | $ | 96,439 | $ | 71,760 | $ | 7,125 | 9 | $ | 6,779,013 | $ | 6,779,013 | $ | 1,542,711 | |||||||||||||||||||
For the nine months ended September 30, 2014 | For the nine months ended September 30, 2013 | ||||||||||||||||||||||||||||||||
Classes of Loans/Leases | Number of Loans / Leases | Pre-Modification Recorded Investment | Post-Modification Recorded Investment | Specific Allowance | Number of Loans / Leases | Pre-Modification Recorded Investment | Post-Modification Recorded Investment | Specific Allowance | |||||||||||||||||||||||||
CONCESSION - Significant payment delay | |||||||||||||||||||||||||||||||||
Commercial and Industrial | 3 | $ | 889,154 | $ | 889,154 | $ | 239,783 | - | $ | - | $ | - | $ | - | |||||||||||||||||||
Owner-Occupied Commercial Real Estate | - | - | - | - | 1 | 47,958 | 47,958 | - | |||||||||||||||||||||||||
Direct Financing Leases | 1 | 89,443 | 89,443 | - | - | - | - | - | |||||||||||||||||||||||||
Residential Real Estate | - | - | - | - | 1 | 91,581 | 91,581 | - | |||||||||||||||||||||||||
Installment and Other Consumer | - | - | - | - | 1 | 370,000 | 370,000 | - | |||||||||||||||||||||||||
4 | $ | 978,597 | $ | 978,597 | $ | 239,783 | 3 | $ | 509,539 | $ | 509,539 | $ | - | ||||||||||||||||||||
CONCESSION - Interest rate adjusted below market | |||||||||||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | - | $ | - | $ | - | $ | - | 1 | $ | 337,500 | $ | 337,500 | $ | - | |||||||||||||||||||
Residential Real Estate | - | - | - | - | 2 | 240,288 | 240,288 | 24,408 | |||||||||||||||||||||||||
- | $ | - | $ | - | $ | - | 3 | $ | 577,788 | $ | 577,788 | $ | 24,408 | ||||||||||||||||||||
CONCESSION - Extension of maturity | |||||||||||||||||||||||||||||||||
Commercial and Industrial | - | $ | - | $ | - | $ | - | 3 | $ | 809,494 | $ | 809,494 | $ | 188,700 | |||||||||||||||||||
Owner-Occupied Commercial Real Estate | - | - | - | - | 1 | 61,517 | 61,517 | - | |||||||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | - | - | - | - | 7 | 6,637,835 | 6,637,835 | 1,518,303 | |||||||||||||||||||||||||
Direct Financing Leases | 1 | 70,144 | 70,144 | 24,246 | - | - | - | - | |||||||||||||||||||||||||
1 | $ | 70,144 | $ | 70,144 | $ | 24,246 | 11 | $ | 7,508,846 | $ | 7,508,846 | $ | 1,707,003 | ||||||||||||||||||||
CONCESSION - Other | |||||||||||||||||||||||||||||||||
Commercial and Industrial | 1 | $ | 427,849 | $ | 427,849 | $ | 113,449 | - | $ | - | $ | - | $ | - | |||||||||||||||||||
Residential Real Estate | 1 | $ | 96,439 | $ | 71,760 | $ | 7,125 | ||||||||||||||||||||||||||
2 | $ | 524,288 | $ | 499,609 | $ | 120,574 | - | $ | - | $ | - | $ | - | ||||||||||||||||||||
TOTAL | 7 | $ | 1,573,029 | $ | 1,548,350 | $ | 384,603 | 17 | $ | 8,596,173 | $ | 8,596,173 | $ | 1,731,411 | |||||||||||||||||||
Of the troubled debt restructurings reported above, three with a post-modification recorded investment totaling $75,767 were on nonaccrual as of September 30, 2014, and ten with post-modification recorded investments totaling $6,087,296 were on nonaccrual as of September 30, 2013. | |||||||||||||||||||||||||||||||||
For the three and nine months ended September 30, 2014 and 2013, none of the Company’s troubled debt restructurings had redefaulted within 12 months subsequent to restructure where default is defined as delinquency of 90 days or more and/or placement on nonaccrual status. |
Note_4_Earnings_Per_Share
Note 4 - Earnings Per Share | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||||||
Earnings Per Share [Text Block] | ' | ||||||||||||||||
NOTE 4 - EARNINGS PER SHARE | |||||||||||||||||
The following information was used in the computation of earnings per share on a basic and diluted basis: | |||||||||||||||||
Three months ended | Nine months ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Net income | $ | 4,062,665 | $ | 3,811,944 | $ | 11,959,716 | $ | 11,122,319 | |||||||||
Less: Preferred stock dividends | - | 810,837 | 1,081,877 | 2,432,512 | |||||||||||||
Net income attributable to QCR Holdings, Inc. common stockholders | $ | 4,062,665 | $ | 3,001,107 | $ | 10,877,839 | $ | 8,689,807 | |||||||||
Earnings per common share attributable to QCR Holdings, Inc. common stockholders | |||||||||||||||||
Basic | $ | 0.51 | $ | 0.52 | $ | 1.37 | $ | 1.62 | |||||||||
Diluted | $ | 0.5 | $ | 0.51 | $ | 1.35 | $ | 1.59 | |||||||||
Weighted average common shares outstanding* | 7,931,944 | 5,806,019 | 7,919,201 | 5,375,557 | |||||||||||||
Weighted average common shares issuable upon exercise of stock options and under the employee stock purchase plan | 122,041 | 109,260 | 121,217 | 106,741 | |||||||||||||
Weighted average common and common equivalent shares outstanding | 8,053,985 | 5,915,279 | 8,040,418 | 5,482,298 | |||||||||||||
*On December 23, 2013, the Company converted $25.0 million of its outstanding shares of Series E Preferred Stock to common stock, which resulted in the issuance of 2,057,502 shares of common stock. |
Note_5_Business_Segment_Inform
Note 5 - Business Segment Information | 9 Months Ended | ||||||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||||||||||||||
Segment Reporting Disclosure [Text Block] | ' | ||||||||||||||||||||||||||||
NOTE 5 – BUSINESS SEGMENT INFORMATION | |||||||||||||||||||||||||||||
Selected financial and descriptive information is required to be disclosed for reportable operating segments, applying a “management perspective” as the basis for identifying reportable segments. The management perspective is determined by the view that management takes of the segments within the Company when making operating decisions, allocating resources, and measuring performance. The segments of the Company have been defined by the structure of the Company’s internal organization, focusing on the financial information that the Company’s operating decision-makers routinely use to make decisions about operating matters. | |||||||||||||||||||||||||||||
The Company’s primary segment, Commercial Banking, is geographically divided by markets into the secondary segments which are the three subsidiary banks wholly-owned by the Company: QCBT, CRBT, and RB&T. CRBT includes CNB’s operations from the date of its acquisition on May 13, 2013. Each of these secondary segments offers similar products and services, but is managed separately due to different pricing, product demand, and consumer markets. Each offers commercial, consumer, and mortgage loans and deposit services. | |||||||||||||||||||||||||||||
The Company’s Wealth Management segment represents the trust and asset management and investment management and advisory services offered at the Company’s 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 company. | |||||||||||||||||||||||||||||
Selected financial information on the Company’s business segments is presented as follows for the three and nine months ended September 30, 2014 and 2013. | |||||||||||||||||||||||||||||
Commercial Banking | |||||||||||||||||||||||||||||
Cedar | |||||||||||||||||||||||||||||
Quad City | Rapids | Rockford | Wealth | Intercompany | Consolidated | ||||||||||||||||||||||||
Bank & Trust | Bank & Trust | Bank & Trust | Management | All Other | Eliminations | Total | |||||||||||||||||||||||
Three Months Ended September 30, 2014 | |||||||||||||||||||||||||||||
Total revenue | $ | 12,467,712 | $ | 8,801,737 | $ | 3,595,245 | $ | 2,082,609 | $ | 5,526,296 | $ | (5,609,315 | ) | $ | 26,864,284 | ||||||||||||||
Net interest income | $ | 9,234,089 | $ | 6,179,763 | $ | 2,584,613 | $ | - | $ | (523,134 | ) | $ | - | $ | 17,475,331 | ||||||||||||||
Net income | $ | 2,602,238 | $ | 1,861,236 | $ | 669,814 | $ | 358,997 | $ | 4,062,665 | $ | (5,492,285 | ) | $ | 4,062,665 | ||||||||||||||
Total assets | $ | 1,274,033,270 | $ | 822,348,680 | $ | 346,791,265 | $ | - | $ | 212,236,225 | $ | (204,813,887 | ) | $ | 2,450,595,553 | ||||||||||||||
Provision for loan/lease losses | $ | 609,657 | $ | 331,666 | $ | 122,000 | $ | - | $ | - | $ | - | $ | 1,063,323 | |||||||||||||||
Goodwill | $ | 3,222,688 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 3,222,688 | |||||||||||||||
Core deposit intangible | $ | - | $ | 1,720,799 | $ | - | $ | - | $ | - | $ | - | $ | 1,720,799 | |||||||||||||||
Three Months Ended September 30, 2013 | |||||||||||||||||||||||||||||
Total revenue | $ | 12,610,738 | $ | 10,006,670 | $ | 3,457,684 | $ | 1,946,795 | $ | 5,398,152 | $ | (5,489,143 | ) | $ | 27,930,896 | ||||||||||||||
Net interest income | $ | 8,494,707 | $ | 6,883,007 | $ | 2,421,255 | $ | - | $ | (488,633 | ) | $ | - | $ | 17,310,336 | ||||||||||||||
Net income | $ | 2,541,293 | $ | 1,941,807 | $ | 445,521 | $ | 458,813 | $ | 3,811,944 | $ | (5,387,434 | ) | $ | 3,811,944 | ||||||||||||||
Total assets | $ | 1,248,417,915 | $ | 927,667,522 | $ | 333,804,180 | $ | - | $ | 214,875,126 | $ | (239,050,305 | ) | $ | 2,485,714,438 | ||||||||||||||
Provision for loan/lease losses | $ | 674,984 | $ | 580,000 | $ | 112,000 | $ | - | $ | - | $ | - | $ | 1,366,984 | |||||||||||||||
Goodwill | $ | 3,222,688 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 3,222,688 | |||||||||||||||
Core deposit intangible | $ | - | $ | 3,311,073 | $ | - | $ | - | $ | - | $ | - | $ | 3,311,073 | |||||||||||||||
Nine Months Ended September 30, 2014 | |||||||||||||||||||||||||||||
Total revenue | $ | 36,368,665 | $ | 25,816,115 | $ | 10,779,962 | $ | 6,387,215 | $ | 16,016,503 | $ | (16,272,535 | ) | $ | 79,095,925 | ||||||||||||||
Net interest income | $ | 27,235,902 | $ | 17,820,878 | $ | 7,637,029 | $ | - | $ | (1,403,894 | ) | $ | - | $ | 51,289,915 | ||||||||||||||
Net income | $ | 7,397,943 | $ | 5,577,993 | $ | 1,755,117 | $ | 1,205,204 | $ | 11,959,716 | $ | (15,936,257 | ) | $ | 11,959,716 | ||||||||||||||
Total assets | $ | 1,274,033,270 | $ | 822,348,680 | $ | 346,791,265 | $ | - | $ | 212,236,225 | $ | (204,813,887 | ) | $ | 2,450,595,553 | ||||||||||||||
Provision for loan/lease losses | $ | 1,779,698 | $ | 881,666 | $ | 498,000 | $ | - | $ | - | $ | - | $ | 3,159,364 | |||||||||||||||
Goodwill | $ | 3,222,688 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 3,222,688 | |||||||||||||||
Core deposit intangible | $ | - | $ | 1,720,799 | $ | - | $ | - | $ | - | $ | - | $ | 1,720,799 | |||||||||||||||
Nine Months Ended September 30, 2013 | |||||||||||||||||||||||||||||
Total revenue | $ | 36,476,985 | $ | 24,911,543 | $ | 10,291,554 | $ | 5,488,081 | $ | 16,570,031 | $ | (14,977,630 | ) | $ | 78,760,564 | ||||||||||||||
Net interest income | $ | 25,371,337 | $ | 15,905,288 | $ | 7,160,723 | $ | - | $ | (1,227,643 | ) | $ | - | $ | 47,209,705 | ||||||||||||||
Net income | $ | 6,989,589 | $ | 5,430,289 | $ | 1,261,243 | $ | 1,000,558 | $ | 11,122,319 | $ | (14,681,679 | ) | $ | 11,122,319 | ||||||||||||||
Total assets | $ | 1,248,417,915 | $ | 927,667,522 | $ | 333,804,180 | $ | - | $ | 214,875,126 | $ | (239,050,305 | ) | $ | 2,485,714,438 | ||||||||||||||
Provision for loan/lease losses | $ | 2,052,889 | $ | 980,014 | $ | 912,000 | $ | - | $ | - | $ | - | $ | 3,944,903 | |||||||||||||||
Goodwill | $ | 3,222,688 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 3,222,688 | |||||||||||||||
Core deposit intangible | $ | - | $ | 3,311,073 | $ | - | $ | - | $ | - | $ | - | $ | 3,311,073 | |||||||||||||||
Note_6_Fair_Value
Note 6 - Fair Value | 9 Months Ended | |||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||
Fair Value Disclosures [Text Block] | ' | |||||||||||||||||
NOTE 6 – FAIR VALUE | ||||||||||||||||||
Accounting guidance on fair value measurement uses a hierarchy intended to maximize the use of observable inputs and minimize the use of unobservable inputs. This hierarchy includes three levels and is based upon the valuation techniques used to measure assets and liabilities. The three levels are as follows: | ||||||||||||||||||
● | Level 1 – Inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in markets; | |||||||||||||||||
● | Level 2 – Inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument; and | |||||||||||||||||
● | Level 3 – Inputs to the valuation methodology are unobservable and significant to the fair value measurement. | |||||||||||||||||
Assets measured at fair value on a recurring basis comprise the following at September 30, 2014 and December 31, 2013: | ||||||||||||||||||
Fair Value Measurements at Reporting Date Using | ||||||||||||||||||
Quoted Prices | Significant | |||||||||||||||||
in Active | Other | Significant | ||||||||||||||||
Markets for | Observable | Unobservable | ||||||||||||||||
Identical Assets | Inputs | Inputs | ||||||||||||||||
Fair Value | (Level 1) | (Level 2) | (Level 3) | |||||||||||||||
September 30, 2014: | ||||||||||||||||||
Securities available for sale: | ||||||||||||||||||
U.S. govt. sponsored agency securities | $ | 306,004,605 | $ | - | $ | 306,004,605 | $ | - | ||||||||||
Residential mortgage-backed and related securities | 127,779,749 | - | 127,779,749 | - | ||||||||||||||
Municipal securities | 31,260,146 | - | 31,260,146 | - | ||||||||||||||
Other securities | 1,900,067 | 317,021 | 1,583,046 | - | ||||||||||||||
Derivative instruments | 1,848,119 | - | 1,848,119 | - | ||||||||||||||
$ | 468,792,686 | $ | 317,021 | $ | 468,475,665 | $ | - | |||||||||||
December 31, 2013: | ||||||||||||||||||
Securities available for sale: | ||||||||||||||||||
U.S. govt. sponsored agency securities | $ | 356,472,987 | $ | - | $ | 356,472,987 | $ | - | ||||||||||
Residential mortgage-backed and related 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 | $ | - | |||||||||||
There were no transfers of assets or liabilities between Levels 1, 2, and 3 of the fair value hierarchy for the three and nine months ended September 30, 2014 and 2013. | ||||||||||||||||||
A small portion of the securities available for sale portfolio consists of common stock issued by various unrelated bank holding companies. The fair values used by the Company are obtained from an independent pricing service and represent quoted market prices for the identical securities (Level 1 inputs). | ||||||||||||||||||
The remainder of the securities available for sale portfolio consists of securities whereby the Company obtains fair values from an independent pricing service. The fair values are determined by pricing models that consider observable market data, such as interest rate volatilities, LIBOR yield curve, credit spreads and prices from market makers and live trading systems (Level 2 inputs). | ||||||||||||||||||
Derivative instruments consist of interest rate caps that are used for the purpose of hedging interest rate risk. See Note 8 to the Consolidated Financial Statements for the details of these instruments. The fair values are determined by pricing models that consider observable market data for derivative instruments with similar structures (Level 2 inputs). | ||||||||||||||||||
Certain financial assets are measured at fair value on a non-recurring basis; that is, the assets are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances (for example, when there is evidence of impairment). | ||||||||||||||||||
Assets measured at fair value on a non-recurring basis comprise the following at September 30, 2014 and December 31, 2013: | ||||||||||||||||||
Fair Value Measurements at Reporting Date Using | ||||||||||||||||||
Fair Value | Level 1 | Level 2 | Level 3 | |||||||||||||||
September 30, 2014: | ||||||||||||||||||
Impaired loans/leases | $ | 13,616,631 | $ | - | $ | - | $ | 13,616,631 | ||||||||||
Other real estate owned | 11,534,235 | - | - | 11,534,235 | ||||||||||||||
$ | 25,150,866 | $ | - | $ | - | $ | 25,150,866 | |||||||||||
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 | |||||||||||
Impaired loans/leases are evaluated and valued at the time the loan/lease is identified as impaired, at the lower of cost or fair value, and are classified as Level 3 in the fair value hierarchy. Fair value is measured based on the value of the collateral securing these loans/leases. Collateral may be real estate and/or business assets, including equipment, inventory and/or accounts receivable, and is determined based on appraisals by qualified licensed appraisers hired by the Company. Appraised and reported values may be discounted based on management’s historical knowledge, changes in market conditions from the time of valuation, and/or management’s expertise and knowledge of the client and client’s business. | ||||||||||||||||||
Other real estate owned in the table above consists of property acquired through foreclosures and settlements of loans. Property acquired is carried at the estimated fair value of the property, less disposal costs, and is classified as a Level 3 in the fair value hierarchy. The estimated fair value of the property is determined based on appraisals by qualified licensed appraisers hired by the Company. Appraised and reported values are discounted based on management’s historical knowledge, changes in market conditions from the time of valuation, and/or management’s expertise and knowledge of the property. | ||||||||||||||||||
The following table presents additional quantitative information about assets measured at fair value on a non-recurring basis for which the Company has utilized Level 3 inputs to determine fair value: | ||||||||||||||||||
Quantitave Information about Level Fair Value Measurments | ||||||||||||||||||
Fair Value | Valuation Technique | Unobservable Input | Range | |||||||||||||||
September 30, 2014: | ||||||||||||||||||
Impaired loans/leases | $ | 13,616,631 | Appraisal of collateral | Appraisal adjustments | -10.00% to -50.00% | |||||||||||||
Other real estate owned | 11,534,235 | 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, 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% | ||||||||||||||
For the impaired loans/leases and other real estate owned, the Company records carrying value at fair value less disposal or selling costs. The amounts reported in the tables above are fair values before the adjustment for disposal or selling costs. | ||||||||||||||||||
There have been no changes in valuation techniques used for any assets measured at fair value during the three and nine months ended September 30, 2014 and 2013. | ||||||||||||||||||
The following table presents the carrying values and estimated fair values of financial assets and liabilities carried on the Company’s consolidated balance sheets, including those financial assets and liabilities that are not measured and reported at fair value on a recurring basis or non-recurring basis: | ||||||||||||||||||
Fair Value | As of September 30, 2014 | As of December 31, 2013 | ||||||||||||||||
Hierarchy | Carrying | Estimated | Carrying | Estimated | ||||||||||||||
Level | Value | Fair Value | Value | Fair Value | ||||||||||||||
Cash and due from banks | Level 1 | $ | 42,326,177 | $ | 42,326,177 | $ | 41,950,790 | $ | 41,950,790 | |||||||||
Federal funds sold | Level 2 | 29,760,000 | 29,760,000 | 39,435,000 | 39,435,000 | |||||||||||||
Interest-bearing deposits at financial institutions | Level 2 | 34,631,773 | 34,631,773 | 33,044,917 | 33,044,917 | |||||||||||||
Investment securities: | ||||||||||||||||||
Held to maturity | Level 3 | 185,840,139 | 185,936,051 | 145,451,895 | 138,640,105 | |||||||||||||
Available for sale | See Previous Table | 466,944,567 | 466,944,567 | 551,758,458 | 551,758,458 | |||||||||||||
Loans/leases receivable, net | Level 3 | 12,607,992 | 13,616,631 | 8,342,182 | 9,009,557 | |||||||||||||
Loans/leases receivable, net | Level 2 | 1,537,493,236 | 1,544,453,008 | 1,430,489,328 | 1,441,952,443 | |||||||||||||
Derivative instruments | Level 2 | 1,848,119 | 1,848,119 | - | - | |||||||||||||
Deposits: | ||||||||||||||||||
Nonmaturity deposits | Level 2 | 1,298,921,913 | 1,298,921,913 | 1,256,209,352 | 1,256,209,352 | |||||||||||||
Time deposits | Level 2 | 414,945,479 | 416,050,000 | 390,781,891 | 391,923,000 | |||||||||||||
Short-term borrowings | Level 2 | 162,186,698 | 162,186,698 | 149,292,967 | 149,292,967 | |||||||||||||
Federal Home Loan Bank advances | Level 2 | 196,500,000 | 202,507,000 | 231,350,000 | 241,623,000 | |||||||||||||
Other borrowings | Level 2 | 151,455,209 | 160,531,000 | 142,448,362 | 152,761,000 | |||||||||||||
Junior subordinated debentures | Level 2 | 40,389,809 | 28,457,573 | 40,289,830 | 28,094,228 | |||||||||||||
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_7_Full_Redemption_of_Seri
Note 7 - Full Redemption of Series F Preferred STock | 9 Months Ended |
Sep. 30, 2014 | |
Disclosure Text Block Supplement [Abstract] | ' |
Preferred Stock [Text Block] | ' |
NOTE 7 – FULL REDEMPTION OF SERIES F PREFERRED STOCK | |
On June 30, 2014, the Company redeemed the remaining 14,867 shares of its Series F Non-Cumulative Perpetual Preferred Stock (the “Series F Preferred Stock”) from the United States Department of the Treasury (“Treasury”) for an aggregate redemption amount of $14,823,922, plus unpaid dividends to the date of redemption of $373,869. | |
Previously, 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 was the result of an investment by Treasury under the Small Business Lending Fund. On June 29, 2012, the Company redeemed 10,223 shares of Series F Preferred Stock and on March 31, 2014, the Company redeemed an additional 15,000 shares. | |
With the final redemption on June 30, 2014, the Company no longer has any outstanding preferred stock and all preferred stock dividend payment commitments have been eliminated. |
Note_8_Derivatives_and_Hedging
Note 8 - Derivatives and Hedging Activities | 9 Months Ended | |||||||||||
Sep. 30, 2014 | ||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | |||||||||||
Derivative Instruments and Hedging Activities Disclosure [Text Block] | ' | |||||||||||
NOTE 8 – DERIVATIVES AND HEDGING ACTIVITIES | ||||||||||||
The Company enters into derivative financial instruments as part of its strategy to manage its exposure to changes in interest rates. | ||||||||||||
Derivative instruments represent contracts between parties that result in one party delivering cash to the other party based on a notional amount and an underlying index (such as a rate, security price or price index) as specified in the contract. The amount of cash delivered from one party to the other is determined based on the interaction of the notional amount of the contract with the underlying index. | ||||||||||||
The derivative financial instruments currently used by the Company to manage its exposure to interest rate risk include: (1) interest rate lock commitments provided to customers to fund certain mortgage loans to be sold into the secondary market (although this type of derivative is negligible); and (2) interest rate caps to manage the interest rate risk of certain fixed and variable rate assets and variable rate liabilities. This footnote will address the latter. | ||||||||||||
During the second quarter of 2014, the Company executed and designated two interest rate cap derivatives as cash flow hedges of short-term FHLB advances. The short-term FHLB advance rates will fluctuate with rate movements; therefore the Bank determined it was necessary to hedge against this increase in interest expense in a rising rate environment. The caps purchased will essentially set a ceiling on the rate paid on the FHLB advances, minimizing the risk associated with rate increases. | ||||||||||||
Below is a summary of the interest rate cap derivatives held by the Company as of September 30, 2014. An initial premium of $2.1 million was paid for the two caps. The fair value of these instruments will fluctuate with market value changes, as well as amortization of the initial premium to interest expense. | ||||||||||||
Effective Date | Maturity Date | Balance Sheet | Notional Amount | Accounting Treatment | Fair Value | |||||||
Location | ||||||||||||
5-Jun-14 | 5-Jun-19 | Other Assets | $ | 15,000,000 | Cash Flow Hedging | $ | 751,668 | |||||
5-Jun-14 | 5-Jun-21 | Other Assets | 15,000,000 | Cash Flow Hedging | 1,096,451 | |||||||
$ | 30,000,000 | $ | 1,848,119 | |||||||||
Changes in the fair values of derivative financial instruments accounted for as cash flow hedges to the extent they are effective hedges, are recorded as a component of accumulated other comprehensive income. The following is a summary of how accumulated other comprehensive income was impacted during the reporting periods: | ||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||
30-Sep-14 | 30-Sep-14 | |||||||||||
Unrealized loss at beginning of period | $ | (251,149 | ) | $ | - | |||||||
Amount reclassified from accumulated other comprehensive income to noninterest income | (10,968 | ) | (10,968 | ) | ||||||||
Amount of gain (loss) recognized in other comprehensive income | 109,692 | (141,457 | ) | |||||||||
Unrealized loss at end of period | $ | (152,425 | ) | $ | (152,425 | ) | ||||||
Changes in the fair value related to the ineffective portion of cash flow hedges, are reported in noninterest income during the period of the change. As shown in the table above, $10,968 of the change in fair value, both for the current period and year-to-date, was due to ineffectiveness. | ||||||||||||
Derivative financial instruments are valued by the transaction counterparty on a monthly basis and corroborated by a third party annually. The company uses the hypothetical derivative method to assess and measure effectiveness in accordance with ASC 815, Derivatives and Hedging. |
Accounting_Policies_by_Policy_
Accounting Policies, by Policy (Policies) | 9 Months Ended |
Sep. 30, 2014 | |
Accounting Policies [Abstract] | ' |
Consolidation, Policy [Policy Text Block] | ' |
Basis of presentation: The interim unaudited consolidated financial statements contained herein should be read in conjunction with the audited consolidated financial statements and accompanying notes to the consolidated financial statements for the fiscal year ended December 31, 2013, included in QCR Holdings, Inc.’s (the “Company”) Form 10-K filed with the Securities and Exchange Commission on March 10, 2014. Accordingly, footnote disclosures, which would substantially duplicate the disclosures contained in the audited consolidated financial statements, have been omitted. | |
The financial information of the Company included herein has been prepared in accordance with U.S. generally accepted accounting principles for interim financial reporting and has been prepared pursuant to the rules and regulations for reporting on Form 10-Q and Rule 10-01 of Regulation S-X. Such information reflects all adjustments (consisting of normal recurring adjustments) that are, in the opinion of management, necessary for a fair presentation of the financial position and results of operations for the periods presented. Any differences appearing between the numbers presented in financial statements and management’s discussion and analysis are due to rounding. The results of the interim period ended September 30, 2014, are not necessarily indicative of the results expected for the year ending December 31, 2014. | |
The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries which include three commercial banks: Quad City Bank & Trust Company (“QCBT”), Cedar Rapids Bank & Trust Company (“CRBT”), and Rockford Bank & Trust Company (“RB&T”). On May 13, 2013, the Company acquired Community National Bancorporation (“Community National”) and its banking subsidiary Community National Bank (“CNB”). The Company operated CNB as a separate banking charter from the acquisition date 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”. QCBT, CRBT, and RB&T are all state-chartered commercial banks. The Company also engages in direct financing lease contracts through m2 Lease Funds, LLC (“m2 Lease Funds”), a wholly-owned subsidiary of QCBT. All material intercompany transactions and balances have been eliminated in consolidation. | |
New Accounting Pronouncements, Policy [Policy Text Block] | ' |
Recent accounting developments: In January 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“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 and is not expected to have a significant impact on the Company’s consolidated financial statements. | |
In May 2014, FASB issued ASU 2014-09, Revenue from Contracts with Customers. ASU 2014-09 implements a common revenue standard that clarifies the principles for recognizing revenue. The core principle of ASU 2014-09 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps: (i) identify the contract(s) with a customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract and (v) recognize revenue when (or as) the entity satisfies a performance obligation. ASU 2014-09 is effective on January 1, 2017 and is not expected to have a significant impact on the Company’s financial statements. | |
In June 2014, FASB issued ASU 2014-11, Transfers and Servicing. ASU 2014-11 requires that repurchase-to-maturity transactions be accounted for as secured borrowings, consistent with the accounting for other repurchase agreements. In addition, ASU 2014-11 requires separate accounting for repurchase financings, which entail the transfer of a financial asset executed contemporaneously with a repurchase agreement with the same counterparty. The standard requires entities to disclose certain information about transfers accounted for as sales in transactions that are economically similar to repurchase agreements. In addition, ASU 2014-11 requires disclosures related to collateral and remaining tenor and of the potential risks associated with repurchase agreements, securities lending transactions and repurchase-to-maturity transactions. ASU 2014-11 is effective on January 1, 2015 and is not expected to have a significant impact on the Company’s consolidated financial statements. | |
In August 2014, FASB issued ASU 2014-14, Classification of Certain Government-Guaranteed Mortgage Loans Upon Foreclosure. ASU 2014-14 requires creditors to reclassify loans that are within the scope of the ASU to “other receivables” upon foreclosure, rather than reclassifying them as other real estate owned. The most common types of government guaranteed loans include those guaranteed by the Federal Housing Authority (FHA), U.S. Department of Housing and Urban Development (HUD), U.S. Department of Veterans Affairs (VA) and the U.S. Small Business Administration (SBA). The separate other receivable recorded upon foreclosure is to be measured based on the amount of the loan balance (principal and interest) the creditor expects to recover from the guarantor. ASU 2014-14 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2014 and is not expected to have a significant impact on the Company’s consolidated financial statements. | |
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block] | ' |
Allowance for estimated losses on loans/leases: The Company has certain loans risk-rated 7 (substandard), which are not classified as impaired based on the facts of the credit. For these non-impaired and risk-rated 7 loans, the Company does not provide a general allowance as it does for all other non-impaired loans. Rather, the Company performs a more precise analysis including evaluation of the cash flow and collateral valuation for each individual credit. A specific allowance is established based upon this evaluation. These non-impaired risk-rated 7 loans exist primarily in the commercial and industrial and commercial real estate segments. | |
Reclassification, Policy [Policy Text Block] | ' |
Reclassifications: Certain amounts in the prior year consolidated financial statements have been reclassified, with no effect on net income or stockholders’ equity, to conform with the current period presentation. |
Note_2_Investment_Securities_T
Note 2 - Investment Securities (Tables) | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||
Note 2 - Investment Securities (Tables) [Line Items] | ' | ||||||||||||||||||||||||
Unrealized Gain (Loss) on Investments [Table Text Block] | ' | ||||||||||||||||||||||||
Gross | Gross | ||||||||||||||||||||||||
Amortized | Unrealized | Unrealized | Fair | ||||||||||||||||||||||
Cost | Gains | (Losses) | Value | ||||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||||||
Securities held to maturity: | |||||||||||||||||||||||||
Municipal securities | $ | 184,790,139 | $ | 1,861,338 | $ | (1,765,426 | ) | $ | 184,886,051 | ||||||||||||||||
Other securities | 1,050,000 | - | - | 1,050,000 | |||||||||||||||||||||
$ | 185,840,139 | $ | 1,861,338 | $ | (1,765,426 | ) | $ | 185,936,051 | |||||||||||||||||
Securities available for sale: | |||||||||||||||||||||||||
U.S. govt. sponsored agency securities | $ | 315,019,934 | $ | 30,913 | $ | (9,046,242 | ) | $ | 306,004,605 | ||||||||||||||||
Residential mortgage-backed and related securities | 127,822,284 | 1,372,274 | (1,414,809 | ) | 127,779,749 | ||||||||||||||||||||
Municipal securities | 30,209,955 | 1,149,656 | (99,465 | ) | 31,260,146 | ||||||||||||||||||||
Other securities | 1,354,116 | 545,951 | - | 1,900,067 | |||||||||||||||||||||
$ | 474,406,289 | $ | 3,098,794 | $ | (10,560,516 | ) | $ | 466,944,567 | |||||||||||||||||
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 | |||||||||||||||||
Schedule of Unrealized Loss on Investments [Table Text Block] | ' | ||||||||||||||||||||||||
Less than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||
Gross | Gross | Gross | |||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | ||||||||||||||||||||
September 30, 2014: | |||||||||||||||||||||||||
Securities held to maturity: | |||||||||||||||||||||||||
Municipal securities | $ | 29,794,026 | $ | (633,024 | ) | $ | 43,172,941 | $ | (1,132,402 | ) | $ | 72,966,967 | $ | (1,765,426 | ) | ||||||||||
Securities available for sale: | |||||||||||||||||||||||||
U.S. govt. sponsored agency securities | $ | 32,208,945 | $ | (156,930 | ) | $ | 262,773,625 | $ | (8,889,312 | ) | $ | 294,982,570 | $ | (9,046,242 | ) | ||||||||||
Residential mortgage-backed and related securities | 10,125,288 | (74,264 | ) | 58,008,272 | (1,340,545 | ) | 68,133,560 | (1,414,809 | ) | ||||||||||||||||
Municipal securities | 1,446,532 | (3,113 | ) | 5,616,381 | (96,352 | ) | 7,062,913 | (99,465 | ) | ||||||||||||||||
$ | 43,780,765 | $ | (234,307 | ) | $ | 326,398,278 | $ | (10,326,209 | ) | $ | 370,179,043 | $ | (10,560,516 | ) | |||||||||||
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 | ) | |||||||||||
Realized Gain (Loss) on Investments [Table Text Block] | ' | ||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||
30-Sep-14 | 30-Sep-13 | 30-Sep-14 | 30-Sep-13 | ||||||||||||||||||||||
Proceeds from sales of securities | $ | 39,876,889 | $ | 31,225,516 | $ | 65,754,467 | $ | 37,393,047 | |||||||||||||||||
Pre-tax gross gains from sales of securities | 357,934 | 506,611 | 379,130 | 523,071 | |||||||||||||||||||||
Pre-tax gross losses from sales of securities | (338,505 | ) | (89,675 | ) | (338,505 | ) | (89,675 | ) | |||||||||||||||||
Investments Classified by Contractual Maturity Date [Table Text Block] | ' | ||||||||||||||||||||||||
Amortized Cost | Fair Value | ||||||||||||||||||||||||
Securities held to maturity: | |||||||||||||||||||||||||
Due in one year or less | $ | 12,682,406 | $ | 12,683,453 | |||||||||||||||||||||
Due after one year through five years | 16,825,667 | 16,856,667 | |||||||||||||||||||||||
Due after five years | 156,332,066 | 156,395,931 | |||||||||||||||||||||||
$ | 185,840,139 | $ | 185,936,051 | ||||||||||||||||||||||
Securities available for sale: | |||||||||||||||||||||||||
Due in one year or less | $ | 3,649,998 | $ | 3,664,418 | |||||||||||||||||||||
Due after one year through five years | 60,972,541 | 60,242,076 | |||||||||||||||||||||||
Due after five years | 280,607,350 | 273,358,257 | |||||||||||||||||||||||
$ | 345,229,889 | $ | 337,264,751 | ||||||||||||||||||||||
Residential mortgage-backed and related securities | 127,822,284 | 127,779,749 | |||||||||||||||||||||||
Other securities | 1,354,116 | 1,900,067 | |||||||||||||||||||||||
$ | 474,406,289 | $ | 466,944,567 | ||||||||||||||||||||||
Amortized Cost | Fair Value | ||||||||||||||||||||||||
Securities held to maturity: | |||||||||||||||||||||||||
Municipal securities | $ | 99,883,698 | $ | 100,074,857 | |||||||||||||||||||||
Securities available for sale: | |||||||||||||||||||||||||
U.S. govt. sponsored agency securities | 250,617,040 | 243,092,527 | |||||||||||||||||||||||
Municipal securities | 18,473,306 | 18,985,950 | |||||||||||||||||||||||
$ | 269,090,346 | $ | 262,078,477 | ||||||||||||||||||||||
Bonds [Member] | ' | ||||||||||||||||||||||||
Note 2 - Investment Securities (Tables) [Line Items] | ' | ||||||||||||||||||||||||
Schedule of Debt [Table Text Block] | ' | ||||||||||||||||||||||||
September 30, 2014: | |||||||||||||||||||||||||
U.S. State: | Number of Issuers | Amortized Cost | Fair Value | Average Exposure Per Issuer (Fair Value) | |||||||||||||||||||||
Illinois | 32 | $ | 23,058,258 | $ | 23,431,499 | $ | 732,234 | ||||||||||||||||||
Iowa | 25 | 16,557,625 | 16,746,965 | 669,879 | |||||||||||||||||||||
Missouri | 12 | 6,136,797 | 6,097,169 | 508,097 | |||||||||||||||||||||
Other | 52 | 16,674,720 | 16,908,510 | 325,164 | |||||||||||||||||||||
Total general obligation bonds | 121 | $ | 62,427,400 | $ | 63,184,143 | $ | 522,183 | ||||||||||||||||||
December 31, 2013: | |||||||||||||||||||||||||
U.S. State: | Number of Issuers | Amortized Cost | Fair Value | Average Exposure Per Issuer (Fair Value) | |||||||||||||||||||||
Iowa | 30 | $ | 17,946,059 | $ | 17,444,045 | $ | 581,468 | ||||||||||||||||||
Illinois | 36 | 15,063,325 | 15,264,718 | 424,020 | |||||||||||||||||||||
Other | 67 | 22,166,026 | 21,512,582 | 321,083 | |||||||||||||||||||||
Total general obligation bonds | 133 | $ | 55,175,410 | $ | 54,221,345 | $ | 407,679 | ||||||||||||||||||
September 30, 2014: | |||||||||||||||||||||||||
U.S. State: | Number of Issuers | Amortized Cost | Fair Value | Average Exposure Per Issuer (Fair Value) | |||||||||||||||||||||
Iowa | 37 | $ | 59,955,899 | $ | 60,603,053 | $ | 1,637,920 | ||||||||||||||||||
Missouri | 65 | 54,016,464 | 53,997,386 | 830,729 | |||||||||||||||||||||
Indiana | 12 | 17,991,200 | 17,835,277 | 1,486,273 | |||||||||||||||||||||
Kansas | 6 | 12,310,134 | 12,139,318 | 2,023,220 | |||||||||||||||||||||
Other | 31 | 8,298,997 | 8,387,020 | 270,549 | |||||||||||||||||||||
Total revenue bonds | 151 | $ | 152,572,694 | $ | 152,962,054 | $ | 1,012,994 | ||||||||||||||||||
December 31, 2013: | |||||||||||||||||||||||||
U.S. State: | Number of Issuers | Amortized Cost | Fair Value | Average Exposure Per Issuer (Fair Value) | |||||||||||||||||||||
Iowa | 31 | $ | 47,903,572 | $ | 46,257,997 | $ | 1,492,193 | ||||||||||||||||||
Missouri | 57 | 42,085,249 | 40,054,613 | 702,713 | |||||||||||||||||||||
Indiana | 8 | 15,020,000 | 14,324,717 | 1,790,590 | |||||||||||||||||||||
Kansas | 5 | 11,022,382 | 9,997,068 | 1,999,414 | |||||||||||||||||||||
Other | 35 | 9,009,148 | 8,693,222 | 248,378 | |||||||||||||||||||||
Total revenue bonds | 136 | $ | 125,040,351 | $ | 119,327,617 | $ | 877,409 |
Note_3_LoansLeases_Receivable_
Note 3 - Loans/Leases Receivable (Tables) | 3 Months Ended | 9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sep. 30, 2014 | Sep. 30, 2014 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Receivables [Abstract] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
As of September 30, | As of December 31, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and industrial loans | $ | 479,747,059 | $ | 431,688,129 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial real estate loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Owner-occupied commercial real estate | 251,076,360 | 261,215,912 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial construction, land development, and other land | 69,856,024 | 57,844,902 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other non owner-occupied commercial real estate | 376,795,649 | 352,692,115 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
697,728,033 | 671,752,929 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Direct financing leases * | 162,476,079 | 128,901,442 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential real estate loans ** | 154,954,020 | 147,356,323 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Installment and other consumer loans | 71,760,173 | 76,033,810 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1,566,665,364 | 1,455,732,633 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Plus deferred loan/lease origination costs, net of fees | 6,203,781 | 4,546,925 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1,572,869,145 | 1,460,279,558 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Less allowance for estimated losses on loans/leases | (22,767,917 | ) | (21,448,048 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
$ | 1,550,101,228 | $ | 1,438,831,510 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
* Direct financing leases: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net minimum lease payments to be received | $ | 184,475,603 | $ | 145,662,254 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Estimated unguaranteed residual values of leased assets | 1,538,482 | 1,694,499 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unearned lease/residual income | (23,538,006 | ) | (18,455,311 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
162,476,079 | 128,901,442 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Plus deferred lease origination costs, net of fees | 6,339,575 | 4,814,183 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
168,815,654 | 133,715,625 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Less allowance for estimated losses on leases | (3,106,887 | ) | (2,517,217 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
$ | 165,708,767 | $ | 131,198,408 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Past Due Financing Receivables [Table Text Block] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
As of September 30, 2014 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Classes of Loans/Leases | Current | 30-59 Days Past Due | 60-89 Days Past Due | Accruing Past Due 90 Days or More | Nonaccrual Loans/Leases | Total | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and Industrial | $ | 470,898,126 | $ | 638,002 | $ | 284,380 | $ | - | $ | 7,926,551 | $ | 479,747,059 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial Real Estate | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 249,903,102 | - | - | - | 1,173,258 | 251,076,360 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 68,732,309 | 510,364 | - | - | 613,351 | 69,856,024 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 363,737,989 | 266,956 | 25,543 | - | 12,765,161 | 376,795,649 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Direct Financing Leases | 159,714,653 | 699,590 | 392,119 | - | 1,669,717 | 162,476,079 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential Real Estate | 153,145,275 | 49,543 | 382,281 | 51,094 | 1,325,827 | 154,954,020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Installment and Other Consumer | 70,404,267 | 284,429 | 203,591 | 4,312 | 863,574 | 71,760,173 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
$ | 1,536,535,721 | $ | 2,448,884 | $ | 1,287,914 | $ | 55,406 | $ | 26,337,439 | $ | 1,566,665,364 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
As a percentage of total loan/lease portfolio | 98.08 | % | 0.16 | % | 0.08 | % | 0 | % | 1.68 | % | 100 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
As of December 31, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Classes of Loans/Leases | Current | 30-59 Days Past Due | 60-89 Days Past Due | Accruing Past Due 90 Days or More | Nonaccrual Loans/Leases | Total | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Nonperforming Loans Leases [Table Text Block] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
As of September 30, 2014 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Classes of Loans/Leases | Accruing Past Due 90 Days or More | Nonaccrual Loans/Leases * | Troubled Debt Restructurings - Accruing | Total Nonperforming Loans/Leases | Percentage of Total Nonperforming Loans/Leases | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and Industrial | $ | - | $ | 7,926,551 | $ | 1,437,974 | $ | 9,364,525 | 32.83 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial Real Estate | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | - | 1,173,258 | - | 1,173,258 | 4.11 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | - | 613,351 | - | 613,351 | 2.15 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | - | 12,765,161 | - | 12,765,161 | 44.76 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Direct Financing Leases | - | 1,669,717 | - | 1,669,717 | 5.85 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential Real Estate | 51,094 | 1,325,827 | 333,895 | 1,710,816 | 6 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Installment and Other Consumer | 4,312 | 863,574 | 357,000 | 1,224,886 | 4.29 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
$ | 55,406 | $ | 26,337,439 | $ | 2,128,869 | $ | 28,521,714 | 100 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
As of December 31, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Classes of Loans/Leases | Accruing Past Due 90 Days or More | Nonaccrual Loans/Leases ** | Troubled Debt Restructurings - Accruing | Total Nonperforming Loans/Leases | Percentage of Total Nonperforming Loans/Leases | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and Industrial | $ | - | $ | 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 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Credit Losses on Financing Receivables [Table Text Block] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2014 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and Industrial | Commercial Real Estate | Direct Financing Leases | Residential Real Estate | Installment and Other Consumer | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, beginning | $ | 6,549,378 | $ | 10,277,692 | $ | 3,319,131 | $ | 1,439,185 | $ | 1,481,638 | $ | 23,067,024 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Provisions (credits) charged to expense | 851,542 | (196,865 | ) | 509,657 | (53,963 | ) | (47,048 | ) | 1,063,323 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans/leases charged off | (741,127 | ) | (120,505 | ) | (741,478 | ) | (42,022 | ) | (86,370 | ) | (1,731,502 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Recoveries on loans/leases previously charged off | 254,265 | 68,346 | 19,577 | 9,870 | 17,014 | 369,072 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, ending | $ | 6,914,058 | $ | 10,028,668 | $ | 3,106,887 | $ | 1,353,070 | $ | 1,365,234 | $ | 22,767,917 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and Industrial | Commercial Real Estate | Direct Financing Leases | Residential Real Estate | Installment and Other Consumer | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, beginning | $ | 4,790,828 | $ | 12,190,497 | $ | 2,187,605 | $ | 1,165,341 | $ | 822,108 | $ | 21,156,379 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Provisions (credits) charged to expense | 765,582 | 88,761 | 338,984 | 102,523 | 71,134 | 1,366,984 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans/leases charged off | (214,920 | ) | (443,721 | ) | (203,724 | ) | (13,599 | ) | (51,673 | ) | (927,637 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Recoveries on loans/leases previously charged off | 26,034 | 375,325 | 644 | 13,240 | 51,420 | 466,663 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, ending | $ | 5,367,524 | $ | 12,210,862 | $ | 2,323,509 | $ | 1,267,505 | $ | 892,989 | $ | 22,062,389 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Nine Months Ended September 30, 2014 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and Industrial | Commercial Real Estate | Direct Financing Leases | Residential Real Estate | Installment and Other Consumer | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, beginning | $ | 5,648,774 | $ | 10,705,434 | $ | 2,517,217 | $ | 1,395,849 | $ | 1,180,774 | $ | 21,448,048 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Provisions (credits) charged to expense | 1,930,050 | (460,356 | ) | 1,428,678 | 42,712 | 218,280 | 3,159,364 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans/leases charged off | (967,207 | ) | (436,056 | ) | (885,966 | ) | (95,464 | ) | (102,107 | ) | (2,486,800 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Recoveries on loans/leases previously charged off | 302,441 | 219,646 | 46,958 | 9,973 | 68,287 | 647,305 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, ending | $ | 6,914,058 | $ | 10,028,668 | $ | 3,106,887 | $ | 1,353,070 | $ | 1,365,234 | $ | 22,767,917 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Nine Months Ended September 30, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and Industrial | Commercial Real Estate | Direct Financing Leases | Residential Real Estate | Installment and Other Consumer | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, beginning | $ | 4,531,545 | $ | 11,069,502 | $ | 1,990,395 | $ | 1,070,328 | $ | 1,263,434 | $ | 19,925,204 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Provisions (credits) charged to expense | 1,026,073 | 1,875,132 | 1,057,744 | 307,196 | (321,242 | ) | 3,944,903 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans/leases charged off | (253,820 | ) | (1,264,446 | ) | (726,395 | ) | (126,490 | ) | (192,160 | ) | (2,563,311 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Recoveries on loans/leases previously charged off | 63,726 | 530,674 | 1,765 | 16,471 | 142,957 | 755,593 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, ending | $ | 5,367,524 | $ | 12,210,862 | $ | 2,323,509 | $ | 1,267,505 | $ | 892,989 | $ | 22,062,389 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
As of September 30, 2014 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and Industrial | Commercial Real Estate | Direct Financing Leases | Residential Real Estate | Installment and Other Consumer | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for impaired loans/leases | $ | 2,204,926 | $ | 2,473,500 | $ | 165,617 | $ | 129,859 | $ | 506,860 | $ | 5,480,762 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for nonimpaired loans/leases | 4,709,132 | 7,555,168 | 2,941,270 | 1,223,211 | 858,374 | 17,287,155 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
$ | 6,914,058 | $ | 10,028,668 | $ | 3,106,887 | $ | 1,353,070 | $ | 1,365,234 | $ | 22,767,917 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Impaired loans/leases | $ | 8,258,681 | $ | 14,431,006 | $ | 1,669,717 | $ | 1,659,722 | $ | 1,278,089 | $ | 27,297,215 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Nonimpaired loans/leases | 471,488,378 | 683,297,027 | 160,806,362 | 153,294,298 | 70,482,084 | 1,539,368,149 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
$ | 479,747,059 | $ | 697,728,033 | $ | 162,476,079 | $ | 154,954,020 | $ | 71,760,173 | $ | 1,566,665,364 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance as a percentage of impaired loans/leases | 26.7 | % | 17.14 | % | 9.92 | % | 7.82 | % | 39.66 | % | 20.08 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance as a percentage nonimpaired loans/leases | 1 | % | 1.11 | % | 1.83 | % | 0.8 | % | 1.22 | % | 1.12 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
1.44 | % | 1.44 | % | 1.91 | % | 0.87 | % | 1.9 | % | 1.45 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
As of December 31, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and Industrial | Commercial Real Estate | Direct Financing Leases | Residential Real Estate | Installment and Other Consumer | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for impaired loans/leases | $ | 927,453 | $ | 3,174,704 | $ | 192,847 | $ | 246,266 | $ | 467,552 | $ | 5,008,822 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for nonimpaired loans/leases | 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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Impaired loans/leases | $ | 1,761,850 | $ | 12,956,915 | $ | 894,458 | $ | 2,116,747 | $ | 1,350,450 | $ | 19,080,420 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Nonimpaired loans/leases | 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 impaired loans/leases | 52.64 | % | 24.5 | % | 21.56 | % | 11.63 | % | 34.62 | % | 26.25 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance as a percentage nonimpaired loans/leases | 1.1 | % | 1.14 | % | 1.82 | % | 0.79 | % | 0.95 | % | 1.14 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
1.31 | % | 1.59 | % | 1.95 | % | 0.95 | % | 1.55 | % | 1.47 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Impaired Financing Receivables [Table Text Block] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2014 | Three Months Ended September 30, 2013 | Classes of Loans/Leases | Recorded Investment | Unpaid Principal Balance | Related Allowance | Average Recorded Investment | Interest Income Recognized | Interest Income Recognized for Cash Payments Received | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Classes of Loans/Leases | Average Recorded Investment | Interest Income Recognized | Interest Income Recognized for Cash Payments Received | Average Recorded Investment | Interest Income Recognized | Interest Income Recognized for Cash Payments Received | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Impaired Loans/Leases with No Specific Allowance Recorded: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Impaired Loans/Leases with No Specific Allowance Recorded: | Commercial and Industrial | $ | 560,005 | $ | 667,983 | $ | - | $ | 647,016 | $ | 19,754 | $ | 19,754 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and Industrial | $ | 621,836 | $ | 17,855 | $ | 17,855 | $ | 834,405 | $ | 1,950 | $ | 1,950 | Commercial Real Estate | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial Real Estate | - | Owner-Occupied Commercial Real Estate | 760,586 | 873,808 | - | 536,402 | - | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 751,191 | - | - | 2,295,969 | - | - | Commercial Construction, Land Development, and Other Land | 1,385,356 | 1,496,556 | - | 1,615,643 | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 1,397,733 | - | - | 1,943,718 | - | - | Other Non Owner-Occupied Commercial Real Estate | 4,989,393 | 5,044,816 | - | 3,169,784 | 13,283 | 13,283 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 4,051,261 | - | - | 1,739,053 | 354 | 354 | Direct Financing Leases | 1,109,844 | 1,109,884 | - | 966,959 | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Direct Financing Leases | 1,152,456 | - | - | 527,153 | - | - | Residential Real Estate | 1,113,535 | 1,113,535 | - | 1,332,539 | 2,879 | 2,879 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential Real Estate | 1,186,197 | 704 | 704 | 1,273,943 | - | - | Installment and Other Consumer | 455,457 | 455,457 | - | 520,020 | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Installment and Other Consumer | 494,498 | - | - | 1,012,035 | 1,689 | 1,689 | $ | 10,374,176 | $ | 10,762,039 | $ | - | $ | 8,788,363 | $ | 35,916 | $ | 35,916 | ||||||||||||||||||||||||||||||||||||||||||||||||
$ | 9,655,172 | $ | 18,559 | $ | 18,559 | $ | 9,626,276 | $ | 3,993 | $ | 3,993 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Impaired Loans/Leases with Specific Allowance Recorded: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Impaired Loans/Leases with Specific Allowance Recorded: | Commercial and Industrial | $ | 7,698,676 | $ | 8,464,069 | $ | 2,204,926 | $ | 1,702,548 | $ | - | $ | - | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and Industrial | $ | 3,454,429 | $ | - | $ | - | $ | 1,913,841 | $ | 9,340 | $ | 9,340 | Commercial Real Estate | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial Real Estate | - | Owner-Occupied Commercial Real Estate | 439,701 | 439,701 | 143,453 | 282,878 | - | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 439,701 | - | - | 1,181,798 | - | - | Commercial Construction, Land Development, and Other Land | 794,703 | 806,703 | 457,086 | 801,643 | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 796,194 | - | - | 1,897,759 | 1,992 | 1,992 | Other Non Owner-Occupied Commercial Real Estate | 6,061,267 | 6,760,858 | 1,872,961 | 5,971,713 | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 6,034,473 | - | - | 8,893,535 | 26,484 | 26,484 | Direct Financing Leases | 559,873 | 559,873 | 165,617 | 425,472 | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Direct Financing Leases | 578,317 | - | - | 172,428 | - | - | Residential Real Estate | 546,187 | 546,187 | 129,859 | 520,782 | 2,074 | 2,074 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential Real Estate | 564,278 | 1,296 | 1,296 | 561,752 | 801 | 801 | Installment and Other Consumer | 822,632 | 822,632 | 506,860 | 779,968 | 2,670 | 2,670 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Installment and Other Consumer | 826,092 | 890 | 890 | 422,808 | - | - | $ | 16,923,039 | $ | 18,400,023 | $ | 5,480,762 | $ | 10,485,004 | $ | 4,744 | $ | 4,744 | ||||||||||||||||||||||||||||||||||||||||||||||||
$ | 12,693,484 | $ | 2,186 | $ | 2,186 | $ | 15,043,921 | $ | 38,617 | $ | 38,617 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Impaired Loans/Leases: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Impaired Loans/Leases: | Commercial and Industrial | $ | 8,258,681 | $ | 9,132,052 | $ | 2,204,926 | $ | 2,349,564 | $ | 19,754 | $ | 19,754 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and Industrial | $ | 4,076,265 | $ | 17,855 | $ | 17,855 | $ | 2,748,246 | $ | 11,290 | $ | 11,290 | Commercial Real Estate | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial Real Estate | Owner-Occupied Commercial Real Estate | 1,200,287 | 1,313,509 | 143,453 | 819,280 | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 1,190,892 | - | - | 3,477,767 | - | - | Commercial Construction, Land Development, and Other Land | 2,180,059 | 2,303,259 | 457,086 | 2,417,286 | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 2,193,927 | - | - | 3,841,477 | 1,992 | 1,992 | Other Non Owner-Occupied Commercial Real Estate | 11,050,660 | 11,805,674 | 1,872,961 | 9,141,497 | 13,283 | 13,283 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 10,085,734 | - | - | 10,632,588 | 26,838 | 26,838 | Direct Financing Leases | 1,669,717 | 1,669,757 | 165,617 | 1,392,431 | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Direct Financing Leases | 1,730,773 | - | - | 699,581 | - | - | Residential Real Estate | 1,659,722 | 1,659,722 | 129,859 | 1,853,321 | 4,953 | 4,953 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential Real Estate | 1,750,475 | 2,000 | 2,000 | 1,835,695 | 801 | 801 | Installment and Other Consumer | 1,278,089 | 1,278,089 | 506,860 | 1,299,988 | 2,670 | - | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Installment and Other Consumer | 1,320,590 | 890 | 890 | 1,434,843 | 1,689 | 1,689 | $ | 27,297,215 | $ | 29,162,062 | $ | 5,480,762 | $ | 19,273,367 | $ | 40,660 | $ | 40,660 | ||||||||||||||||||||||||||||||||||||||||||||||||
$ | 22,348,656 | $ | 20,745 | $ | 20,745 | $ | 24,670,197 | $ | 42,610 | $ | 42,610 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Information for Impaired Loans Leases [Table Text Block] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Classes of Loans/Leases | Recorded Investment | Unpaid Principal Balance | Related Allowance | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Impaired Loans/Leases with No Specific Allowance Recorded: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and Industrial | $ | 492,622 | $ | 568,951 | $ | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial Real Estate | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 392,542 | 392,542 | - | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 1,943,168 | 2,054,368 | - | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 1,790,279 | 1,902,279 | - | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Direct Financing Leases | 557,469 | 557,469 | - | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential Real Estate | 1,071,927 | 1,071,927 | - | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Installment and Other Consumer | 509,667 | 509,667 | - | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
$ | 6,757,674 | $ | 7,057,203 | $ | - | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Impaired Loans/Leases with Specific Allowance Recorded: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and Industrial | $ | 1,269,228 | $ | 1,956,755 | $ | 927,453 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial Real Estate | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 159,247 | 159,247 | 67,498 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 888,547 | 1,011,747 | 503,825 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 7,783,132 | 8,488,414 | 2,603,381 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Direct Financing Leases | 336,989 | 336,989 | 192,847 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential Real Estate | 1,044,820 | 1,044,820 | 246,266 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Installment and Other Consumer | 840,783 | 840,783 | 467,552 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
$ | 12,322,746 | $ | 13,838,755 | $ | 5,008,822 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Impaired Loans/Leases: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and Industrial | $ | 1,761,850 | $ | 2,525,706 | $ | 927,453 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial Real Estate | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | 551,789 | 551,789 | 67,498 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial Construction, Land Development, and Other Land | 2,831,715 | 3,066,115 | 503,825 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | 9,573,411 | 10,390,693 | 2,603,381 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Direct Financing Leases | 894,458 | 894,458 | 192,847 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential Real Estate | 2,116,747 | 2,116,747 | 246,266 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Installment and Other Consumer | 1,350,450 | 1,350,450 | 467,552 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
$ | 19,080,420 | $ | 20,895,958 | $ | 5,008,822 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable Credit Quality Indicators [Table Text Block] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
As of September 30, 2014 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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) | $ | 448,093,142 | $ | 241,429,419 | $ | 66,448,462 | $ | 349,173,522 | $ | 1,105,144,545 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Special Mention (Rating 6) | 15,306,200 | 6,598,947 | - | 2,058,884 | 23,964,031 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Substandard (Rating 7) | 16,347,717 | 3,047,994 | 3,407,562 | 25,563,243 | 48,366,516 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Doubtful (Rating 8) | - | - | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
$ | 479,747,059 | $ | 251,076,360 | $ | 69,856,024 | $ | 376,795,649 | $ | 1,177,475,092 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
As of December 31, 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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent [Table Text Block] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
As of September 30, 2014 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Delinquency Status * | Direct Financing Leases | Residential Real Estate | Installment and Other Consumer | Total | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Performing | $ | 160,806,362 | $ | 153,243,203 | $ | 70,535,287 | $ | 384,584,852 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Nonperforming | 1,669,717 | 1,710,817 | 1,224,886 | 4,605,420 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
$ | 162,476,079 | $ | 154,954,020 | $ | 71,760,173 | $ | 389,190,272 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
As of December 31, 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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the three months ended September 30, 2014 | For the three months ended September 30, 2013 | For the nine months ended September 30, 2014 | For the nine months ended September 30, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Classes of Loans/Leases | Number of Loans / Leases | Pre-Modification Recorded Investment | Post-Modification Recorded Investment | Specific Allowance | Number of Loans / Leases | Pre-Modification Recorded Investment | Post-Modification Recorded Investment | Specific Allowance | Classes of Loans/Leases | Number of Loans / Leases | Pre-Modification Recorded Investment | Post-Modification Recorded Investment | Specific Allowance | Number of Loans / Leases | Pre-Modification Recorded Investment | Post-Modification Recorded Investment | Specific Allowance | |||||||||||||||||||||||||||||||||||||||||||||||||
CONCESSION - Interest rate adjusted below market | CONCESSION - Significant payment delay | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential Real Estate | - | $ | - | $ | - | $ | - | 1 | $ | 79,661 | $ | 79,661 | $ | 24,408 | Commercial and Industrial | 3 | $ | 889,154 | $ | 889,154 | $ | 239,783 | - | $ | - | $ | - | $ | - | |||||||||||||||||||||||||||||||||||||
- | $ | - | $ | - | $ | - | 1 | $ | 79,661 | $ | 79,661 | $ | 24,408 | Owner-Occupied Commercial Real Estate | - | - | - | - | 1 | 47,958 | 47,958 | - | ||||||||||||||||||||||||||||||||||||||||||||
Direct Financing Leases | 1 | 89,443 | 89,443 | - | - | - | - | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
CONCESSION - Extension of Maturity | Residential Real Estate | - | - | - | - | 1 | 91,581 | 91,581 | - | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | - | $ | - | $ | - | $ | - | 1 | $ | 61,517 | $ | 61,517 | $ | - | Installment and Other Consumer | - | - | - | - | 1 | 370,000 | 370,000 | - | |||||||||||||||||||||||||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | - | - | - | - | 7 | 6,637,835 | 6,637,835 | 1,518,303 | 4 | $ | 978,597 | $ | 978,597 | $ | 239,783 | 3 | $ | 509,539 | $ | 509,539 | $ | - | ||||||||||||||||||||||||||||||||||||||||||||
- | $ | - | $ | - | $ | - | 8 | $ | 6,699,352 | $ | 6,699,352 | $ | 1,518,303 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
CONCESSION - Interest rate adjusted below market | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
CONCESSION - Other | Commercial Construction, Land Development, and Other Land | - | $ | - | $ | - | $ | - | 1 | $ | 337,500 | $ | 337,500 | $ | - | |||||||||||||||||||||||||||||||||||||||||||||||||||
Residential Real Estate | 1 | $ | 96,439 | $ | 71,760 | $ | 7,125 | - | $ | - | $ | - | $ | - | Residential Real Estate | - | - | - | - | 2 | 240,288 | 240,288 | 24,408 | |||||||||||||||||||||||||||||||||||||||||||
1 | $ | 96,439 | $ | 71,760 | $ | 7,125 | - | $ | - | $ | - | $ | - | - | $ | - | $ | - | $ | - | 3 | $ | 577,788 | $ | 577,788 | $ | 24,408 | |||||||||||||||||||||||||||||||||||||||
TOTAL | 1 | $ | 96,439 | $ | 71,760 | $ | 7,125 | 9 | $ | 6,779,013 | $ | 6,779,013 | $ | 1,542,711 | CONCESSION - Extension of maturity | |||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and Industrial | - | $ | - | $ | - | $ | - | 3 | $ | 809,494 | $ | 809,494 | $ | 188,700 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Owner-Occupied Commercial Real Estate | - | - | - | - | 1 | 61,517 | 61,517 | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Non Owner-Occupied Commercial Real Estate | - | - | - | - | 7 | 6,637,835 | 6,637,835 | 1,518,303 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Direct Financing Leases | 1 | 70,144 | 70,144 | 24,246 | - | - | - | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1 | $ | 70,144 | $ | 70,144 | $ | 24,246 | 11 | $ | 7,508,846 | $ | 7,508,846 | $ | 1,707,003 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
CONCESSION - Other | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and Industrial | 1 | $ | 427,849 | $ | 427,849 | $ | 113,449 | - | $ | - | $ | - | $ | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential Real Estate | 1 | $ | 96,439 | $ | 71,760 | $ | 7,125 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2 | $ | 524,288 | $ | 499,609 | $ | 120,574 | - | $ | - | $ | - | $ | - | |||||||||||||||||||||||||||||||||||||||||||||||||||||
TOTAL | 7 | $ | 1,573,029 | $ | 1,548,350 | $ | 384,603 | 17 | $ | 8,596,173 | $ | 8,596,173 | $ | 1,731,411 |
Note_4_Earnings_Per_Share_Tabl
Note 4 - Earnings Per Share (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||||||
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | ' | ||||||||||||||||
Three months ended | Nine months ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Net income | $ | 4,062,665 | $ | 3,811,944 | $ | 11,959,716 | $ | 11,122,319 | |||||||||
Less: Preferred stock dividends | - | 810,837 | 1,081,877 | 2,432,512 | |||||||||||||
Net income attributable to QCR Holdings, Inc. common stockholders | $ | 4,062,665 | $ | 3,001,107 | $ | 10,877,839 | $ | 8,689,807 | |||||||||
Earnings per common share attributable to QCR Holdings, Inc. common stockholders | |||||||||||||||||
Basic | $ | 0.51 | $ | 0.52 | $ | 1.37 | $ | 1.62 | |||||||||
Diluted | $ | 0.5 | $ | 0.51 | $ | 1.35 | $ | 1.59 | |||||||||
Weighted average common shares outstanding* | 7,931,944 | 5,806,019 | 7,919,201 | 5,375,557 | |||||||||||||
Weighted average common shares issuable upon exercise of stock options and under the employee stock purchase plan | 122,041 | 109,260 | 121,217 | 106,741 | |||||||||||||
Weighted average common and common equivalent shares outstanding | 8,053,985 | 5,915,279 | 8,040,418 | 5,482,298 |
Note_5_Business_Segment_Inform1
Note 5 - Business Segment Information (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||||||||||||||
Schedule of Segment Reporting Information, by Segment [Table Text Block] | ' | ||||||||||||||||||||||||||||
Commercial Banking | |||||||||||||||||||||||||||||
Cedar | |||||||||||||||||||||||||||||
Quad City | Rapids | Rockford | Wealth | Intercompany | Consolidated | ||||||||||||||||||||||||
Bank & Trust | Bank & Trust | Bank & Trust | Management | All Other | Eliminations | Total | |||||||||||||||||||||||
Three Months Ended September 30, 2014 | |||||||||||||||||||||||||||||
Total revenue | $ | 12,467,712 | $ | 8,801,737 | $ | 3,595,245 | $ | 2,082,609 | $ | 5,526,296 | $ | (5,609,315 | ) | $ | 26,864,284 | ||||||||||||||
Net interest income | $ | 9,234,089 | $ | 6,179,763 | $ | 2,584,613 | $ | - | $ | (523,134 | ) | $ | - | $ | 17,475,331 | ||||||||||||||
Net income | $ | 2,602,238 | $ | 1,861,236 | $ | 669,814 | $ | 358,997 | $ | 4,062,665 | $ | (5,492,285 | ) | $ | 4,062,665 | ||||||||||||||
Total assets | $ | 1,274,033,270 | $ | 822,348,680 | $ | 346,791,265 | $ | - | $ | 212,236,225 | $ | (204,813,887 | ) | $ | 2,450,595,553 | ||||||||||||||
Provision for loan/lease losses | $ | 609,657 | $ | 331,666 | $ | 122,000 | $ | - | $ | - | $ | - | $ | 1,063,323 | |||||||||||||||
Goodwill | $ | 3,222,688 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 3,222,688 | |||||||||||||||
Core deposit intangible | $ | - | $ | 1,720,799 | $ | - | $ | - | $ | - | $ | - | $ | 1,720,799 | |||||||||||||||
Three Months Ended September 30, 2013 | |||||||||||||||||||||||||||||
Total revenue | $ | 12,610,738 | $ | 10,006,670 | $ | 3,457,684 | $ | 1,946,795 | $ | 5,398,152 | $ | (5,489,143 | ) | $ | 27,930,896 | ||||||||||||||
Net interest income | $ | 8,494,707 | $ | 6,883,007 | $ | 2,421,255 | $ | - | $ | (488,633 | ) | $ | - | $ | 17,310,336 | ||||||||||||||
Net income | $ | 2,541,293 | $ | 1,941,807 | $ | 445,521 | $ | 458,813 | $ | 3,811,944 | $ | (5,387,434 | ) | $ | 3,811,944 | ||||||||||||||
Total assets | $ | 1,248,417,915 | $ | 927,667,522 | $ | 333,804,180 | $ | - | $ | 214,875,126 | $ | (239,050,305 | ) | $ | 2,485,714,438 | ||||||||||||||
Provision for loan/lease losses | $ | 674,984 | $ | 580,000 | $ | 112,000 | $ | - | $ | - | $ | - | $ | 1,366,984 | |||||||||||||||
Goodwill | $ | 3,222,688 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 3,222,688 | |||||||||||||||
Core deposit intangible | $ | - | $ | 3,311,073 | $ | - | $ | - | $ | - | $ | - | $ | 3,311,073 | |||||||||||||||
Nine Months Ended September 30, 2014 | |||||||||||||||||||||||||||||
Total revenue | $ | 36,368,665 | $ | 25,816,115 | $ | 10,779,962 | $ | 6,387,215 | $ | 16,016,503 | $ | (16,272,535 | ) | $ | 79,095,925 | ||||||||||||||
Net interest income | $ | 27,235,902 | $ | 17,820,878 | $ | 7,637,029 | $ | - | $ | (1,403,894 | ) | $ | - | $ | 51,289,915 | ||||||||||||||
Net income | $ | 7,397,943 | $ | 5,577,993 | $ | 1,755,117 | $ | 1,205,204 | $ | 11,959,716 | $ | (15,936,257 | ) | $ | 11,959,716 | ||||||||||||||
Total assets | $ | 1,274,033,270 | $ | 822,348,680 | $ | 346,791,265 | $ | - | $ | 212,236,225 | $ | (204,813,887 | ) | $ | 2,450,595,553 | ||||||||||||||
Provision for loan/lease losses | $ | 1,779,698 | $ | 881,666 | $ | 498,000 | $ | - | $ | - | $ | - | $ | 3,159,364 | |||||||||||||||
Goodwill | $ | 3,222,688 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 3,222,688 | |||||||||||||||
Core deposit intangible | $ | - | $ | 1,720,799 | $ | - | $ | - | $ | - | $ | - | $ | 1,720,799 | |||||||||||||||
Nine Months Ended September 30, 2013 | |||||||||||||||||||||||||||||
Total revenue | $ | 36,476,985 | $ | 24,911,543 | $ | 10,291,554 | $ | 5,488,081 | $ | 16,570,031 | $ | (14,977,630 | ) | $ | 78,760,564 | ||||||||||||||
Net interest income | $ | 25,371,337 | $ | 15,905,288 | $ | 7,160,723 | $ | - | $ | (1,227,643 | ) | $ | - | $ | 47,209,705 | ||||||||||||||
Net income | $ | 6,989,589 | $ | 5,430,289 | $ | 1,261,243 | $ | 1,000,558 | $ | 11,122,319 | $ | (14,681,679 | ) | $ | 11,122,319 | ||||||||||||||
Total assets | $ | 1,248,417,915 | $ | 927,667,522 | $ | 333,804,180 | $ | - | $ | 214,875,126 | $ | (239,050,305 | ) | $ | 2,485,714,438 | ||||||||||||||
Provision for loan/lease losses | $ | 2,052,889 | $ | 980,014 | $ | 912,000 | $ | - | $ | - | $ | - | $ | 3,944,903 | |||||||||||||||
Goodwill | $ | 3,222,688 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 3,222,688 | |||||||||||||||
Core deposit intangible | $ | - | $ | 3,311,073 | $ | - | $ | - | $ | - | $ | - | $ | 3,311,073 |
Note_6_Fair_Value_Tables
Note 6 - Fair Value (Tables) | 9 Months Ended | |||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block] | ' | |||||||||||||||||
Fair Value Measurements at Reporting Date Using | ||||||||||||||||||
Quoted Prices | Significant | |||||||||||||||||
in Active | Other | Significant | ||||||||||||||||
Markets for | Observable | Unobservable | ||||||||||||||||
Identical Assets | Inputs | Inputs | ||||||||||||||||
Fair Value | (Level 1) | (Level 2) | (Level 3) | |||||||||||||||
September 30, 2014: | ||||||||||||||||||
Securities available for sale: | ||||||||||||||||||
U.S. govt. sponsored agency securities | $ | 306,004,605 | $ | - | $ | 306,004,605 | $ | - | ||||||||||
Residential mortgage-backed and related securities | 127,779,749 | - | 127,779,749 | - | ||||||||||||||
Municipal securities | 31,260,146 | - | 31,260,146 | - | ||||||||||||||
Other securities | 1,900,067 | 317,021 | 1,583,046 | - | ||||||||||||||
Derivative instruments | 1,848,119 | - | 1,848,119 | - | ||||||||||||||
$ | 468,792,686 | $ | 317,021 | $ | 468,475,665 | $ | - | |||||||||||
December 31, 2013: | ||||||||||||||||||
Securities available for sale: | ||||||||||||||||||
U.S. govt. sponsored agency securities | $ | 356,472,987 | $ | - | $ | 356,472,987 | $ | - | ||||||||||
Residential mortgage-backed and related 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 | $ | - | |||||||||||
Fair Value Measurements at Reporting Date Using | ||||||||||||||||||
Fair Value | Level 1 | Level 2 | Level 3 | |||||||||||||||
September 30, 2014: | ||||||||||||||||||
Impaired loans/leases | $ | 13,616,631 | $ | - | $ | - | $ | 13,616,631 | ||||||||||
Other real estate owned | 11,534,235 | - | - | 11,534,235 | ||||||||||||||
$ | 25,150,866 | $ | - | $ | - | $ | 25,150,866 | |||||||||||
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 | |||||||||||
Fair Value Inputs, Assets, Quantitative Information [Table Text Block] | ' | |||||||||||||||||
Quantitave Information about Level Fair Value Measurments | ||||||||||||||||||
Fair Value | Valuation Technique | Unobservable Input | Range | |||||||||||||||
September 30, 2014: | ||||||||||||||||||
Impaired loans/leases | $ | 13,616,631 | Appraisal of collateral | Appraisal adjustments | -10.00% to -50.00% | |||||||||||||
Other real estate owned | 11,534,235 | 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, 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% | ||||||||||||||
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | ' | |||||||||||||||||
Fair Value | As of September 30, 2014 | As of December 31, 2013 | ||||||||||||||||
Hierarchy | Carrying | Estimated | Carrying | Estimated | ||||||||||||||
Level | Value | Fair Value | Value | Fair Value | ||||||||||||||
Cash and due from banks | Level 1 | $ | 42,326,177 | $ | 42,326,177 | $ | 41,950,790 | $ | 41,950,790 | |||||||||
Federal funds sold | Level 2 | 29,760,000 | 29,760,000 | 39,435,000 | 39,435,000 | |||||||||||||
Interest-bearing deposits at financial institutions | Level 2 | 34,631,773 | 34,631,773 | 33,044,917 | 33,044,917 | |||||||||||||
Investment securities: | ||||||||||||||||||
Held to maturity | Level 3 | 185,840,139 | 185,936,051 | 145,451,895 | 138,640,105 | |||||||||||||
Available for sale | See Previous Table | 466,944,567 | 466,944,567 | 551,758,458 | 551,758,458 | |||||||||||||
Loans/leases receivable, net | Level 3 | 12,607,992 | 13,616,631 | 8,342,182 | 9,009,557 | |||||||||||||
Loans/leases receivable, net | Level 2 | 1,537,493,236 | 1,544,453,008 | 1,430,489,328 | 1,441,952,443 | |||||||||||||
Derivative instruments | Level 2 | 1,848,119 | 1,848,119 | - | - | |||||||||||||
Deposits: | ||||||||||||||||||
Nonmaturity deposits | Level 2 | 1,298,921,913 | 1,298,921,913 | 1,256,209,352 | 1,256,209,352 | |||||||||||||
Time deposits | Level 2 | 414,945,479 | 416,050,000 | 390,781,891 | 391,923,000 | |||||||||||||
Short-term borrowings | Level 2 | 162,186,698 | 162,186,698 | 149,292,967 | 149,292,967 | |||||||||||||
Federal Home Loan Bank advances | Level 2 | 196,500,000 | 202,507,000 | 231,350,000 | 241,623,000 | |||||||||||||
Other borrowings | Level 2 | 151,455,209 | 160,531,000 | 142,448,362 | 152,761,000 | |||||||||||||
Junior subordinated debentures | Level 2 | 40,389,809 | 28,457,573 | 40,289,830 | 28,094,228 |
Note_8_Derivatives_and_Hedging1
Note 8 - Derivatives and Hedging Activities (Tables) | 9 Months Ended | |||||||||||
Sep. 30, 2014 | ||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | |||||||||||
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block] | ' | |||||||||||
Effective Date | Maturity Date | Balance Sheet | Notional Amount | Accounting Treatment | Fair Value | |||||||
Location | ||||||||||||
5-Jun-14 | 5-Jun-19 | Other Assets | $ | 15,000,000 | Cash Flow Hedging | $ | 751,668 | |||||
5-Jun-14 | 5-Jun-21 | Other Assets | 15,000,000 | Cash Flow Hedging | 1,096,451 | |||||||
$ | 30,000,000 | $ | 1,848,119 | |||||||||
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] | ' | |||||||||||
Three Months Ended | Nine Months Ended | |||||||||||
30-Sep-14 | 30-Sep-14 | |||||||||||
Unrealized loss at beginning of period | $ | (251,149 | ) | $ | - | |||||||
Amount reclassified from accumulated other comprehensive income to noninterest income | (10,968 | ) | (10,968 | ) | ||||||||
Amount of gain (loss) recognized in other comprehensive income | 109,692 | (141,457 | ) | |||||||||
Unrealized loss at end of period | $ | (152,425 | ) | $ | (152,425 | ) |
Note_2_Investment_Securities_D
Note 2 - Investment Securities (Details) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | |
Note 2 - Investment Securities (Details) [Line Items] | ' | ' | ' | ' |
Number of Securities | 505 | 505 | ' | ' |
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | ' | ' | ' | 241 |
Aggregate Depreciation From Amortized Cost Basis, Percent | ' | 3.00% | ' | ' |
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year | 190 | 190 | ' | ' |
Available-for-sale Securities | $466,944,567 | $466,944,567 | ' | 551,758,458 |
Held-to-maturity Securities, Amortized Cost before Other than Temporary Impairment | 185,840,139 | 185,840,139 | ' | 145,451,895 |
Number of Issuers | 272 | 272 | ' | 269 |
Municipal Bonds [Member] | General Obligation Bonds [Member] | ' | ' | ' | ' |
Note 2 - Investment Securities (Details) [Line Items] | ' | ' | ' | ' |
Other Investments | 63,200,000 | 63,200,000 | ' | 54,200,000 |
Municipal Bonds [Member] | Revenue Bonds [Member] | ' | ' | ' | ' |
Note 2 - Investment Securities (Details) [Line Items] | ' | ' | ' | ' |
Other Investments | 153,000,000 | 153,000,000 | ' | 119,300,000 |
Equity Securities [Member] | ' | ' | ' | ' |
Note 2 - Investment Securities (Details) [Line Items] | ' | ' | ' | ' |
Percentage of Investment Portfolio | ' | 1.00% | ' | 1.00% |
Other than Temporary Impairment Losses, Investments | 0 | 0 | 0 | ' |
Debt Securities [Member] | ' | ' | ' | ' |
Note 2 - Investment Securities (Details) [Line Items] | ' | ' | ' | ' |
Other than Temporary Impairment Losses, Investments | 0 | 0 | 0 | ' |
US States and Political Subdivisions Debt Securities [Member] | ' | ' | ' | ' |
Note 2 - Investment Securities (Details) [Line Items] | ' | ' | ' | ' |
Available-for-sale Securities | 31,260,146 | 31,260,146 | ' | 35,958,857 |
Held-to-maturity Securities, Amortized Cost before Other than Temporary Impairment | 184,790,139 | 184,790,139 | ' | 144,401,895 |
Aggregate Fair Value Exceeding $5 Million [Member] | General Obligation Bonds [Member] | ' | ' | ' | ' |
Note 2 - Investment Securities (Details) [Line Items] | ' | ' | ' | ' |
Number of States Investments Held In | 3 | 3 | ' | 2 |
Aggregate Fair Value Exceeding $5 Million [Member] | Revenue Bonds [Member] | ' | ' | ' | ' |
Note 2 - Investment Securities (Details) [Line Items] | ' | ' | ' | ' |
Number of States Investments Held In | 4 | 4 | ' | 4 |
General Obligation Bonds [Member] | Minimum [Member] | ' | ' | ' | ' |
Note 2 - Investment Securities (Details) [Line Items] | ' | ' | ' | ' |
Other Investments | 5,000,000 | 5,000,000 | ' | 5,000,000 |
General Obligation Bonds [Member] | ' | ' | ' | ' |
Note 2 - Investment Securities (Details) [Line Items] | ' | ' | ' | ' |
Number of States Investments Held In | 19 | 19 | ' | 20 |
Revenue Bonds [Member] | Minimum [Member] | ' | ' | ' | ' |
Note 2 - Investment Securities (Details) [Line Items] | ' | ' | ' | ' |
Other Investments | $5,000,000 | $5,000,000 | ' | 5,000,000 |
Revenue Bonds [Member] | ' | ' | ' | ' |
Note 2 - Investment Securities (Details) [Line Items] | ' | ' | ' | ' |
Number of States Investments Held In | 8 | 8 | ' | 8 |
Note_2_Investment_Securities_D1
Note 2 - Investment Securities (Details) - Amortized Cost and Fair Value of Investment Securities (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
Securities held to maturity: | ' | ' |
Securities held to maturity, amortized cost | $185,840,139 | $145,451,895 |
Securities held to maturity, gross unrealized gains | 1,861,338 | 299,789 |
Securities held to maturity, gross unrealized losses | -1,765,426 | -7,111,579 |
Securities held to maturity, fair value | 185,936,051 | 138,640,105 |
Securities available for sale: | ' | ' |
Available for Sale Securities, amortized cost | 474,406,289 | 573,870,562 |
Available for Sale Securities, gross unrealized gains | 3,098,794 | 2,643,218 |
Available for Sale Securities, gross unrealized losses | -10,560,516 | -24,755,322 |
Available for sale securities | 466,944,567 | 551,758,458 |
US States and Political Subdivisions Debt Securities [Member] | ' | ' |
Securities held to maturity: | ' | ' |
Securities held to maturity, amortized cost | 184,790,139 | 144,401,895 |
Securities held to maturity, gross unrealized gains | 1,861,338 | 299,789 |
Securities held to maturity, gross unrealized losses | -1,765,426 | -7,111,579 |
Securities held to maturity, fair value | 184,886,051 | 137,590,105 |
Securities available for sale: | ' | ' |
Available for Sale Securities, amortized cost | 30,209,955 | 35,813,866 |
Available for Sale Securities, gross unrealized gains | 1,149,656 | 923,315 |
Available for Sale Securities, gross unrealized losses | -99,465 | -778,324 |
Available for sale securities | 31,260,146 | 35,958,857 |
Other Securities [Member] | ' | ' |
Securities held to maturity: | ' | ' |
Securities held to maturity, amortized cost | 1,050,000 | 1,050,000 |
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 | 1,050,000 |
Securities available for sale: | ' | ' |
Available for Sale Securities, amortized cost | 1,354,116 | 1,372,365 |
Available for Sale Securities, gross unrealized gains | 545,951 | 524,798 |
Available for Sale Securities, gross unrealized losses | 0 | 0 |
Available for sale securities | 1,900,067 | 1,897,163 |
US Government Agencies Debt Securities [Member] | ' | ' |
Securities available for sale: | ' | ' |
Available for Sale Securities, amortized cost | 315,019,934 | 376,574,132 |
Available for Sale Securities, gross unrealized gains | 30,913 | 41,696 |
Available for Sale Securities, gross unrealized losses | -9,046,242 | -20,142,841 |
Available for sale securities | 306,004,605 | 356,472,987 |
Residential Mortgage Backed Securities [Member] | ' | ' |
Securities available for sale: | ' | ' |
Available for Sale Securities, amortized cost | 127,822,284 | 160,110,199 |
Available for Sale Securities, gross unrealized gains | 1,372,274 | 1,153,409 |
Available for Sale Securities, gross unrealized losses | -1,414,809 | -3,834,157 |
Available for sale securities | $127,779,749 | $157,429,451 |
Note_2_Investment_Securities_D2
Note 2 - Investment Securities (Details) - Gross Unrealized Losses and Fair Value of Securities in a Continuous Unrealized Loss Position (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
Securities available for sale: | ' | ' |
Available for Sale Securities less than 12 months fair value | $43,780,765 | $441,808,604 |
Available for Sale Securities less than 12 months gross unrealized losses | -234,307 | -22,813,786 |
Available for Sale Securities 12 months or more fair value | 326,398,278 | 26,081,796 |
Available for Sale Securities 12 months or more gross unrealized losses | -10,326,209 | -1,941,536 |
Available for Sale Securities fair value | 370,179,043 | 467,890,400 |
Available for Sale Securities gross unrealized losses | -10,560,516 | -24,755,322 |
US States and Political Subdivisions Debt Securities [Member] | ' | ' |
Securities held to maturity: | ' | ' |
Held to Maturity Securities less than 12 months fair value | 29,794,026 | 101,983,602 |
Held to Maturity Securities less than 12 months gross unrealized losses | -633,024 | -6,711,240 |
Held to Maturity Securities 12 months or more fair value | 43,172,941 | 2,697,375 |
Held to Maturity Securities 12 months or more gross unrealized losses | -1,132,402 | -400,339 |
Held to Maturity Securities fair value | 72,966,967 | 104,680,977 |
Held to Maturity Securities gross unrealized losses | -1,765,426 | -7,111,579 |
Securities available for sale: | ' | ' |
Available for Sale Securities less than 12 months fair value | 1,446,532 | 13,890,692 |
Available for Sale Securities less than 12 months gross unrealized losses | -3,113 | -724,939 |
Available for Sale Securities 12 months or more fair value | 5,616,381 | 985,687 |
Available for Sale Securities 12 months or more gross unrealized losses | -96,352 | -53,385 |
Available for Sale Securities fair value | 7,062,913 | 14,876,379 |
Available for Sale Securities gross unrealized losses | -99,465 | -778,324 |
US Government Agencies Debt Securities [Member] | ' | ' |
Securities available for sale: | ' | ' |
Available for Sale Securities less than 12 months fair value | 32,208,945 | 333,194,820 |
Available for Sale Securities less than 12 months gross unrealized losses | -156,930 | -19,141,077 |
Available for Sale Securities 12 months or more fair value | 262,773,625 | 10,978,390 |
Available for Sale Securities 12 months or more gross unrealized losses | -8,889,312 | -1,001,764 |
Available for Sale Securities fair value | 294,982,570 | 344,173,210 |
Available for Sale Securities gross unrealized losses | -9,046,242 | -20,142,841 |
Residential Mortgage Backed Securities [Member] | ' | ' |
Securities available for sale: | ' | ' |
Available for Sale Securities less than 12 months fair value | 10,125,288 | 94,723,092 |
Available for Sale Securities less than 12 months gross unrealized losses | -74,264 | -2,947,770 |
Available for Sale Securities 12 months or more fair value | 58,008,272 | 14,117,719 |
Available for Sale Securities 12 months or more gross unrealized losses | -1,340,545 | -886,387 |
Available for Sale Securities fair value | 68,133,560 | 108,840,811 |
Available for Sale Securities gross unrealized losses | ($1,414,809) | ($3,834,157) |
Note_2_Investment_Securities_D3
Note 2 - Investment Securities (Details) - Sales of Securities (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | |
Sales of Securities [Abstract] | ' | ' | ' | ' |
Proceeds from sales of securities | $39,876,889 | $31,225,516 | $65,754,467 | $37,393,047 |
Pre-tax gross gains from sales of securities | 357,934 | 506,611 | 379,130 | 523,071 |
Pre-tax gross losses from sales of securities | ($338,505) | ($89,675) | ($338,505) | ($89,675) |
Note_2_Investment_Securities_D4
Note 2 - Investment Securities (Details) - Amortized Cost and Fair Value of Securities by Contractual Maturity (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
Securities held to maturity: | ' | ' |
Due in one year or less | $12,682,406 | ' |
Due in one year or less | 12,683,453 | ' |
Due after one year through five years | 16,825,667 | ' |
Due after one year through five years | 16,856,667 | ' |
Due after five years | 156,332,066 | ' |
Due after five years | 156,395,931 | ' |
185,840,139 | ' | |
185,936,051 | 138,640,105 | |
Securities available for sale: | ' | ' |
Due in one year or less | 3,649,998 | ' |
Due in one year or less | 3,664,418 | ' |
Due after one year through five years | 60,972,541 | ' |
Due after one year through five years | 60,242,076 | ' |
Due after five years | 280,607,350 | ' |
Due after five years | 273,358,257 | ' |
345,229,889 | ' | |
337,264,751 | ' | |
Amortized Cost | 474,406,289 | ' |
Fair Value | 466,944,567 | ' |
Residential Mortgage Backed Securities [Member] | ' | ' |
Securities available for sale: | ' | ' |
Amortized Cost | 127,822,284 | ' |
Fair Value | 127,779,749 | ' |
Other Securities [Member] | ' | ' |
Securities held to maturity: | ' | ' |
1,050,000 | 1,050,000 | |
Securities available for sale: | ' | ' |
Amortized Cost | 1,354,116 | ' |
Fair Value | 1,900,067 | ' |
US States and Political Subdivisions Debt Securities [Member] | Callable Securities [Member] | ' | ' |
Securities available for sale: | ' | ' |
Amortized Cost | 18,473,306 | ' |
Fair Value | 18,985,950 | ' |
Securities held to maturity: | ' | ' |
Municipal securities | 99,883,698 | ' |
Municipal securities | 100,074,857 | ' |
US States and Political Subdivisions Debt Securities [Member] | ' | ' |
Securities held to maturity: | ' | ' |
184,886,051 | 137,590,105 | |
US Government-sponsored Enterprises Debt Securities [Member] | Callable Securities [Member] | ' | ' |
Securities available for sale: | ' | ' |
Amortized Cost | 250,617,040 | ' |
Fair Value | 243,092,527 | ' |
Callable Securities [Member] | ' | ' |
Securities available for sale: | ' | ' |
Amortized Cost | 269,090,346 | ' |
Fair Value | $262,078,477 | ' |
Note_2_Investment_Securities_D5
Note 2 - Investment Securities (Details) - Amoritized Cost and Fair Values of General Obligation Bonds by Issuer's State (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
Note 2 - Investment Securities (Details) - Amoritized Cost and Fair Values of General Obligation Bonds by Issuer's State [Line Items] | ' | ' |
Number of Issuers | 272 | 269 |
General Obligation Bonds [Member] | Illinois [Member] | ' | ' |
Note 2 - Investment Securities (Details) - Amoritized Cost and Fair Values of General Obligation Bonds by Issuer's State [Line Items] | ' | ' |
Number of Issuers | 32 | 36 |
Amortized Cost | 23,058,258 | 15,063,325 |
Fair Value | 23,431,499 | 15,264,718 |
Average Exposure Per Issuer (Fair Value) | 732,234 | 424,020 |
General Obligation Bonds [Member] | Iowa [Member] | ' | ' |
Note 2 - Investment Securities (Details) - Amoritized Cost and Fair Values of General Obligation Bonds by Issuer's State [Line Items] | ' | ' |
Number of Issuers | 25 | 30 |
Amortized Cost | 16,557,625 | 17,946,059 |
Fair Value | 16,746,965 | 17,444,045 |
Average Exposure Per Issuer (Fair Value) | 669,879 | 581,468 |
General Obligation Bonds [Member] | Missouri [Member] | ' | ' |
Note 2 - Investment Securities (Details) - Amoritized Cost and Fair Values of General Obligation Bonds by Issuer's State [Line Items] | ' | ' |
Number of Issuers | 12 | ' |
Amortized Cost | 6,136,797 | ' |
Fair Value | 6,097,169 | ' |
Average Exposure Per Issuer (Fair Value) | 508,097 | ' |
General Obligation Bonds [Member] | Other State [Member] | ' | ' |
Note 2 - Investment Securities (Details) - Amoritized Cost and Fair Values of General Obligation Bonds by Issuer's State [Line Items] | ' | ' |
Number of Issuers | 52 | 67 |
Amortized Cost | 16,674,720 | 22,166,026 |
Fair Value | 16,908,510 | 21,512,582 |
Average Exposure Per Issuer (Fair Value) | 325,164 | 321,083 |
General Obligation Bonds [Member] | ' | ' |
Note 2 - Investment Securities (Details) - Amoritized Cost and Fair Values of General Obligation Bonds by Issuer's State [Line Items] | ' | ' |
Number of Issuers | 121 | 133 |
Amortized Cost | 62,427,400 | 55,175,410 |
Fair Value | 63,184,143 | 54,221,345 |
Average Exposure Per Issuer (Fair Value) | 522,183 | 407,679 |
Revenue Bonds [Member] | Iowa [Member] | ' | ' |
Note 2 - Investment Securities (Details) - Amoritized Cost and Fair Values of General Obligation Bonds by Issuer's State [Line Items] | ' | ' |
Number of Issuers | 37 | 31 |
Amortized Cost | 59,955,899 | 47,903,572 |
Fair Value | 60,603,053 | 46,257,997 |
Average Exposure Per Issuer (Fair Value) | 1,637,920 | 1,492,193 |
Revenue Bonds [Member] | Missouri [Member] | ' | ' |
Note 2 - Investment Securities (Details) - Amoritized Cost and Fair Values of General Obligation Bonds by Issuer's State [Line Items] | ' | ' |
Number of Issuers | 65 | 57 |
Amortized Cost | 54,016,464 | 42,085,249 |
Fair Value | 53,997,386 | 40,054,613 |
Average Exposure Per Issuer (Fair Value) | 830,729 | 702,713 |
Revenue Bonds [Member] | Other State [Member] | ' | ' |
Note 2 - Investment Securities (Details) - Amoritized Cost and Fair Values of General Obligation Bonds by Issuer's State [Line Items] | ' | ' |
Number of Issuers | 31 | 35 |
Amortized Cost | 8,298,997 | 9,009,148 |
Fair Value | 8,387,020 | 8,693,222 |
Average Exposure Per Issuer (Fair Value) | 270,549 | 248,378 |
Revenue Bonds [Member] | Indiana [Member] | ' | ' |
Note 2 - Investment Securities (Details) - Amoritized Cost and Fair Values of General Obligation Bonds by Issuer's State [Line Items] | ' | ' |
Number of Issuers | 12 | 8 |
Amortized Cost | 17,991,200 | 15,020,000 |
Fair Value | 17,835,277 | 14,324,717 |
Average Exposure Per Issuer (Fair Value) | 1,486,273 | 1,790,590 |
Revenue Bonds [Member] | Kansas [Member] | ' | ' |
Note 2 - Investment Securities (Details) - Amoritized Cost and Fair Values of General Obligation Bonds by Issuer's State [Line Items] | ' | ' |
Number of Issuers | 6 | 5 |
Amortized Cost | 12,310,134 | 11,022,382 |
Fair Value | 12,139,318 | 9,997,068 |
Average Exposure Per Issuer (Fair Value) | 2,023,220 | 1,999,414 |
Revenue Bonds [Member] | ' | ' |
Note 2 - Investment Securities (Details) - Amoritized Cost and Fair Values of General Obligation Bonds by Issuer's State [Line Items] | ' | ' |
Number of Issuers | 151 | 136 |
Amortized Cost | 152,572,694 | 125,040,351 |
Fair Value | 152,962,054 | 119,327,617 |
Average Exposure Per Issuer (Fair Value) | 1,012,994 | 877,409 |
Note_3_LoansLeases_Receivable_1
Note 3 - Loans/Leases Receivable (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | ||||
Note 3 - Loans/Leases Receivable (Details) [Line Items] | ' | ' | ' | ' | ' | |||
Losses on Residual Value | $0 | $0 | $0 | $0 | ' | |||
Financing Receivable, Recorded Investment, Nonaccrual Status | 26,337,439 | ' | 26,337,439 | ' | 17,877,897 | |||
Financing Receivable, Modifications, Recorded Investment | 11,749,543 | ' | 11,749,543 | ' | 13,413,366 | |||
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 | 0 | 0 | ' | |||
Troubled Debt Restructurings [Member] | Residential Portfolio Segment [Member] | ' | ' | ' | ' | ' | |||
Note 3 - Loans/Leases Receivable (Details) [Line Items] | ' | ' | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Nonaccrual Status | 515,827 | ' | 515,827 | ' | 446,996 | |||
Troubled Debt Restructurings [Member] | Commercial and Industrial [Member] | ' | ' | ' | ' | ' | |||
Note 3 - Loans/Leases Receivable (Details) [Line Items] | ' | ' | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Nonaccrual Status | 81,043 | ' | 81,043 | ' | 77,072 | |||
Troubled Debt Restructurings [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | ' | ' | |||
Note 3 - Loans/Leases Receivable (Details) [Line Items] | ' | ' | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Nonaccrual Status | 8,768,590 | ' | 8,768,590 | ' | 10,077,501 | |||
Troubled Debt Restructurings [Member] | Finance Leases Portfolio Segment [Member] | ' | ' | ' | ' | ' | |||
Note 3 - Loans/Leases Receivable (Details) [Line Items] | ' | ' | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Nonaccrual Status | 64,144 | ' | 64,144 | ' | ' | |||
Troubled Debt Restructurings [Member] | Consumer Portfolio Segment [Member] | ' | ' | ' | ' | ' | |||
Note 3 - Loans/Leases Receivable (Details) [Line Items] | ' | ' | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Nonaccrual Status | ' | ' | ' | ' | 289,216 | |||
Troubled Debt Restructurings [Member] | ' | ' | ' | ' | ' | |||
Note 3 - Loans/Leases Receivable (Details) [Line Items] | ' | ' | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Nonaccrual Status | 9,620,674 | ' | 9,620,674 | ' | 10,890,785 | |||
Financing Receivable, Modifications, Number of Contracts | 1 | 9 | 7 | 17 | ' | |||
Financing Receivable, Modifications, Post-Modification Recorded Investment | 71,760 | 6,779,013 | 1,548,350 | 8,596,173 | ' | |||
Consumer Portfolio Segment [Member] | ' | ' | ' | ' | ' | |||
Note 3 - Loans/Leases Receivable (Details) [Line Items] | ' | ' | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Nonaccrual Status | 191,070 | ' | 191,070 | ' | ' | |||
Nonaccrual [Member] | ' | ' | ' | ' | ' | |||
Note 3 - Loans/Leases Receivable (Details) [Line Items] | ' | ' | ' | ' | ' | |||
Financing Receivable, Modifications, Number of Contracts | ' | ' | 3 | 10 | ' | |||
Financing Receivable, Modifications, Post-Modification Recorded Investment | ' | ' | 75,767 | 6,087,296 | ' | |||
Residential Portfolio Segment [Member] | ' | ' | ' | ' | ' | |||
Note 3 - Loans/Leases Receivable (Details) [Line Items] | ' | ' | ' | ' | ' | |||
Disposal Group, Including Discontinued Operation, Mortgage Loans | 1,642,300 | ' | 1,642,300 | ' | 1,358,290 | |||
Financing Receivable, Recorded Investment, Nonaccrual Status | 1,325,827 | [1] | ' | 1,325,827 | [1] | ' | 1,618,483 | [2] |
Financing Receivable, Modifications, Recorded Investment | 333,895 | ' | 333,895 | ' | 371,995 | |||
Commercial and Industrial [Member] | ' | ' | ' | ' | ' | |||
Note 3 - Loans/Leases Receivable (Details) [Line Items] | ' | ' | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Nonaccrual Status | 7,926,551 | [1] | ' | 7,926,551 | [1] | ' | 1,744,981 | [2] |
Financing Receivable, Modifications, Recorded Investment | 1,437,974 | ' | 1,437,974 | ' | 878,381 | |||
Finance Leases Portfolio Segment [Member] | ' | ' | ' | ' | ' | |||
Note 3 - Loans/Leases Receivable (Details) [Line Items] | ' | ' | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Nonaccrual Status | 1,669,717 | [1] | ' | 1,669,717 | [1] | ' | 894,458 | [2] |
Consumer Portfolio Segment [Member] | ' | ' | ' | ' | ' | |||
Note 3 - Loans/Leases Receivable (Details) [Line Items] | ' | ' | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Nonaccrual Status | 863,574 | [1] | ' | 863,574 | [1] | ' | 975,009 | [2] |
Financing Receivable, Modifications, Recorded Investment | $357,000 | ' | $357,000 | ' | $367,000 | |||
[1] | Nonaccrual loans/leases includes $9,620,674 of troubled debt restructurings, including $81,043 in commercial and industrial loans, $8,768,590 in commercial real estate loans, $64,144 in direct financing leases, $515,827 in residential real estate loans, and $191,070 in installment loans. | |||||||
[2] | Nonaccrual loans/leases includes $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. |
Note_3_LoansLeases_Receivable_2
Note 3 - Loans/Leases Receivable (Details) - Composition of the Loan/Lease Portfolio (USD $) | Sep. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Loans and Leases | $1,566,665,364 | ' | $1,455,732,633 | ' | ' | ' | ||
Plus deferred loan/lease origination costs | 6,203,781 | ' | 4,546,925 | ' | ' | ' | ||
Total Loans/Leases plus deferred loan/lease origination costs | 1,572,869,145 | ' | 1,460,279,558 | ' | ' | ' | ||
Less allowance for estimated losses on loans/leases | -22,767,917 | -23,067,024 | -21,448,048 | -22,062,389 | -21,156,379 | -19,925,204 | ||
Loans/leases net of allowance for estimated losses | 1,550,101,228 | ' | 1,438,831,510 | ' | ' | ' | ||
Commercial and Industrial [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Loans and Leases | 479,747,059 | ' | 431,688,129 | ' | ' | ' | ||
Less allowance for estimated losses on loans/leases | -6,914,058 | -6,549,378 | -5,648,774 | -5,367,524 | -4,790,828 | -4,531,545 | ||
Owner-Occupied Commercial Real Estate [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Loans and Leases | 251,076,360 | ' | 261,215,912 | ' | ' | ' | ||
Commercial Construction, Land Development, and Other Land [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Loans and Leases | 69,856,024 | ' | 57,844,902 | ' | ' | ' | ||
Other Commercial Real Estate [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Loans and Leases | 376,795,649 | ' | 352,692,115 | ' | ' | ' | ||
Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Loans and Leases | 697,728,033 | ' | 671,752,929 | ' | ' | ' | ||
Less allowance for estimated losses on loans/leases | -10,028,668 | -10,277,692 | -10,705,434 | -12,210,862 | -12,190,497 | -11,069,502 | ||
Finance Leases Portfolio Segment [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Net minimum lease payments to be received | 184,475,603 | [1] | ' | 145,662,254 | [1] | ' | ' | ' |
Estimated unguaranteed residual values of leased assets | 1,538,482 | [1] | ' | 1,694,499 | [1] | ' | ' | ' |
Unearned lease/residual income | -23,538,006 | [1] | ' | -18,455,311 | [1] | ' | ' | ' |
Loans and Leases | 162,476,079 | [1] | ' | 128,901,442 | [1] | ' | ' | ' |
Plus deferred loan/lease origination costs | 6,339,575 | [1] | ' | 4,814,183 | [1] | ' | ' | ' |
Total Loans/Leases plus deferred loan/lease origination costs | 168,815,654 | [1] | ' | 133,715,625 | [1] | ' | ' | ' |
Less allowance for estimated losses on loans/leases | -3,106,887 | [1] | -3,319,131 | -2,517,217 | [1] | -2,323,509 | -2,187,605 | -1,990,395 |
Loans/leases net of allowance for estimated losses | 165,708,767 | [1] | ' | 131,198,408 | [1] | ' | ' | ' |
Residential Portfolio Segment [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Loans and Leases | 154,954,020 | [2] | ' | 147,356,323 | [2] | ' | ' | ' |
Less allowance for estimated losses on loans/leases | -1,353,070 | -1,439,185 | -1,395,849 | -1,267,505 | -1,165,341 | -1,070,328 | ||
Consumer Portfolio Segment [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Loans and Leases | 71,760,173 | ' | 76,033,810 | ' | ' | ' | ||
Less allowance for estimated losses on loans/leases | ($1,365,234) | ($1,481,638) | ($1,180,774) | ($892,989) | ($822,108) | ($1,263,434) | ||
[1] | Management performs an evaluation of the estimated unguaranteed residual values of leased assets on an annual basis, at a minimum. The evaluation consists of discussions with reputable and current vendors and management's expertise and understanding of the current states of particular industries to determine informal valuations of the equipment. As necessary and where available, management will utilize valuations by independent appraisers. The large majority of leases with residual values contain a lease options rider which requires the lessee to pay the residual value directly, finance the payment of the residual value, or extend the lease term to pay the residual value. In these cases, the residual value is protected and the risk of loss is minimal. There were no losses related to residual values for the three and nine months ended September 30, 2014 and 2013. | |||||||
[2] | Includes residential real estate loans held for sale totaling $1,642,300 and $1,358,290 as of September 30, 2014, and December 31, 2013, respectively. |
Note_3_LoansLeases_Receivable_3
Note 3 - Loans/Leases Receivable (Details) - Aging of the Loan/Lease Portfolio (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ||
Current | $1,536,535,721 | $1,430,204,215 | ||
30-59 Days Past Due | 2,448,884 | 5,430,932 | ||
60-89 Days Past Due | 1,287,914 | 2,135,415 | ||
Accruing Past Due 90 Days or More | 55,406 | 84,174 | ||
Nonacrrual Loans/Loans | 26,337,439 | 17,877,897 | ||
Total | 1,566,665,364 | 1,455,732,633 | ||
Current as a percentage of total loan/lease portfolio | 98.08% | 98.25% | ||
30-59 Days Past Due as a percentage of total loan/lease portfolio | 0.16% | 0.37% | ||
60-89 Days Past Due as a percentage of total loan/lease portfolio | 0.08% | 0.15% | ||
Accruing Past Due 90 Days or More as a percentage of total loan/lease portfolio | 0.00% | 0.01% | ||
Nonacrrual Loans/Loans as a percentage of total loan/lease portfolio | 1.68% | 1.23% | ||
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 | 470,898,126 | 429,557,699 | ||
30-59 Days Past Due | 638,002 | 199,949 | ||
60-89 Days Past Due | 284,380 | 185,500 | ||
Nonacrrual Loans/Loans | 7,926,551 | [1] | 1,744,981 | [2] |
Total | 479,747,059 | 431,688,129 | ||
Total as a percentage of total loan/lease portfolio | 32.83% | 12.81% | ||
Owner-Occupied Commercial Real Estate [Member] | ' | ' | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ||
Current | 249,903,102 | 258,557,660 | ||
30-59 Days Past Due | ' | 465,418 | ||
60-89 Days Past Due | ' | 993,163 | ||
Accruing Past Due 90 Days or More | ' | 60,286 | ||
Nonacrrual Loans/Loans | 1,173,258 | [1] | 1,139,385 | [2] |
Total | 251,076,360 | 261,215,912 | ||
Total as a percentage of total loan/lease portfolio | 4.11% | 5.86% | ||
Commercial Construction, Land Development, and Other Land [Member] | ' | ' | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ||
Current | 68,732,309 | 56,301,186 | ||
30-59 Days Past Due | 510,364 | 358,626 | ||
Nonacrrual Loans/Loans | 613,351 | [1] | 1,185,090 | [2] |
Total | 69,856,024 | 57,844,902 | ||
Total as a percentage of total loan/lease portfolio | 2.15% | 5.79% | ||
Other Commercial Real Estate [Member] | ' | ' | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ||
Current | 363,737,989 | 341,743,730 | ||
30-59 Days Past Due | 266,956 | 476,877 | ||
60-89 Days Past Due | 25,543 | 151,017 | ||
Nonacrrual Loans/Loans | 12,765,161 | 10,320,491 | ||
Total | 376,795,649 | 352,692,115 | ||
Finance Leases Portfolio Segment [Member] | ' | ' | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ||
Current | 159,714,653 | 126,878,515 | ||
30-59 Days Past Due | 699,590 | 714,464 | ||
60-89 Days Past Due | 392,119 | 414,005 | ||
Nonacrrual Loans/Loans | 1,669,717 | [1] | 894,458 | [2] |
Total | 162,476,079 | [3] | 128,901,442 | [3] |
Total as a percentage of total loan/lease portfolio | 5.85% | 4.37% | ||
Residential Portfolio Segment [Member] | ' | ' | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ||
Current | 153,145,275 | 142,353,936 | ||
30-59 Days Past Due | 49,543 | 3,088,516 | ||
60-89 Days Past Due | 382,281 | 275,262 | ||
Accruing Past Due 90 Days or More | 51,094 | 20,126 | ||
Nonacrrual Loans/Loans | 1,325,827 | [1] | 1,618,483 | [2] |
Total | 154,954,020 | [4] | 147,356,323 | [4] |
Total as a percentage of total loan/lease portfolio | 6.00% | 9.82% | ||
Consumer Portfolio Segment [Member] | ' | ' | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ||
Current | 70,404,267 | 74,811,489 | ||
30-59 Days Past Due | 284,429 | 127,082 | ||
60-89 Days Past Due | 203,591 | 116,468 | ||
Accruing Past Due 90 Days or More | 4,312 | 3,762 | ||
Nonacrrual Loans/Loans | 863,574 | [1] | 975,009 | [2] |
Total | $71,760,173 | $76,033,810 | ||
Total as a percentage of total loan/lease portfolio | 4.29% | 6.57% | ||
[1] | Nonaccrual loans/leases includes $9,620,674 of troubled debt restructurings, including $81,043 in commercial and industrial loans, $8,768,590 in commercial real estate loans, $64,144 in direct financing leases, $515,827 in residential real estate loans, and $191,070 in installment loans. | |||
[2] | Nonaccrual loans/leases includes $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. | |||
[3] | Management performs an evaluation of the estimated unguaranteed residual values of leased assets on an annual basis, at a minimum. The evaluation consists of discussions with reputable and current vendors and management's expertise and understanding of the current states of particular industries to determine informal valuations of the equipment. As necessary and where available, management will utilize valuations by independent appraisers. The large majority of leases with residual values contain a lease options rider which requires the lessee to pay the residual value directly, finance the payment of the residual value, or extend the lease term to pay the residual value. In these cases, the residual value is protected and the risk of loss is minimal. There were no losses related to residual values for the three and nine months ended September 30, 2014 and 2013. | |||
[4] | Includes residential real estate loans held for sale totaling $1,642,300 and $1,358,290 as of September 30, 2014, and December 31, 2013, respectively. |
Note_3_LoansLeases_Receivable_4
Note 3 - Loans/Leases Receivable (Details) - Nonperforming Loans/Leases (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | ||
Note 3 - Loans/Leases Receivable (Details) - Nonperforming Loans/Leases [Line Items] | ' | ' | ||
Nonaccrual loans/leases | $26,337,439 | $17,877,897 | ||
Troubled debt restructurings - accruing | 11,749,543 | 13,413,366 | ||
Percentage of total nonperforming loans/leases | 100.00% | 100.00% | ||
Commercial and Industrial [Member] | ' | ' | ||
Note 3 - Loans/Leases Receivable (Details) - Nonperforming Loans/Leases [Line Items] | ' | ' | ||
Nonaccrual loans/leases | 7,926,551 | [1] | 1,744,981 | [2] |
Troubled debt restructurings - accruing | 1,437,974 | 878,381 | ||
Total nonperforming loans/leases | 9,364,525 | 2,623,362 | ||
Percentage of total nonperforming loans/leases | 32.83% | 12.81% | ||
Owner-Occupied Commercial Real Estate [Member] | ' | ' | ||
Note 3 - Loans/Leases Receivable (Details) - Nonperforming Loans/Leases [Line Items] | ' | ' | ||
Accruing past due 90 days or more | ' | 60,286 | ||
Nonaccrual loans/leases | 1,173,258 | [1] | 1,139,385 | [2] |
Total nonperforming loans/leases | 1,173,258 | 1,199,671 | ||
Percentage of total nonperforming loans/leases | 4.11% | 5.86% | ||
Commercial Construction, Land Development, and Other Land [Member] | ' | ' | ||
Note 3 - Loans/Leases Receivable (Details) - Nonperforming Loans/Leases [Line Items] | ' | ' | ||
Nonaccrual loans/leases | 613,351 | [1] | 1,185,090 | [2] |
Total nonperforming loans/leases | 613,351 | 1,185,090 | ||
Percentage of total nonperforming loans/leases | 2.15% | 5.79% | ||
Non-Owner Occupied Commercial Real Estate [Member] | ' | ' | ||
Note 3 - Loans/Leases Receivable (Details) - Nonperforming Loans/Leases [Line Items] | ' | ' | ||
Nonaccrual loans/leases | 12,765,161 | [1] | 10,320,491 | [2] |
Troubled debt restructurings - accruing | ' | 905,205 | ||
Total nonperforming loans/leases | 12,765,161 | 11,225,696 | ||
Percentage of total nonperforming loans/leases | 44.76% | 54.80% | ||
Finance Leases Portfolio Segment [Member] | ' | ' | ||
Note 3 - Loans/Leases Receivable (Details) - Nonperforming Loans/Leases [Line Items] | ' | ' | ||
Nonaccrual loans/leases | 1,669,717 | [1] | 894,458 | [2] |
Total nonperforming loans/leases | 1,669,717 | 894,458 | ||
Percentage of total nonperforming loans/leases | 5.85% | 4.37% | ||
Residential Portfolio Segment [Member] | ' | ' | ||
Note 3 - Loans/Leases Receivable (Details) - Nonperforming Loans/Leases [Line Items] | ' | ' | ||
Accruing past due 90 days or more | 51,094 | 20,126 | ||
Nonaccrual loans/leases | 1,325,827 | [1] | 1,618,483 | [2] |
Troubled debt restructurings - accruing | 333,895 | 371,995 | ||
Total nonperforming loans/leases | 1,710,816 | 2,010,604 | ||
Percentage of total nonperforming loans/leases | 6.00% | 9.82% | ||
Consumer Portfolio Segment [Member] | ' | ' | ||
Note 3 - Loans/Leases Receivable (Details) - Nonperforming Loans/Leases [Line Items] | ' | ' | ||
Accruing past due 90 days or more | 4,312 | 3,762 | ||
Nonaccrual loans/leases | 863,574 | [1] | 975,009 | [2] |
Troubled debt restructurings - accruing | 357,000 | 367,000 | ||
Total nonperforming loans/leases | 1,224,886 | 1,345,771 | ||
Percentage of total nonperforming loans/leases | 4.29% | 6.57% | ||
Total [Member] | ' | ' | ||
Note 3 - Loans/Leases Receivable (Details) - Nonperforming Loans/Leases [Line Items] | ' | ' | ||
Accruing past due 90 days or more | 55,406 | 84,174 | ||
Nonaccrual loans/leases | 26,337,439 | [1] | 17,877,897 | [2] |
Troubled debt restructurings - accruing | 2,128,869 | 2,522,581 | ||
Total nonperforming loans/leases | $28,521,714 | $20,484,652 | ||
Percentage of total nonperforming loans/leases | 100.00% | 100.00% | ||
[1] | Nonaccrual loans/leases includes $9,620,674 of troubled debt restructurings, including $81,043 in commercial and industrial loans, $8,768,590 in commercial real estate loans, $64,144 in direct financing leases, $515,827 in residential real estate loans, and $191,070 in installment loans. | |||
[2] | Nonaccrual loans/leases includes $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. |
Note_3_LoansLeases_Receivable_5
Note 3 - Loans/Leases Receivable (Details) - Allowance for Estimated Losses on Loans/Leases (USD $) | 3 Months Ended | 9 Months Ended | ||||||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | |||
Balance, beginning | $23,067,024 | $21,156,379 | $21,448,048 | $19,925,204 | ' | |||
Provisions charged to expense | 1,063,323 | 1,366,984 | 3,159,364 | 3,944,903 | ' | |||
Loans/leases charged off | -1,731,502 | -927,637 | -2,486,800 | -2,563,311 | ' | |||
Recoveries on loans/leases previously charged off | 369,072 | 466,663 | 647,305 | 755,593 | ' | |||
Balance, ending | 22,767,917 | 22,062,389 | 22,767,917 | 22,062,389 | ' | |||
Allowance for loans/leases individually evaluated for impairment | 5,480,762 | ' | 5,480,762 | ' | 5,008,822 | |||
Allowance for loans/leases collectively evaluated for impairment | 17,287,155 | ' | 17,287,155 | ' | 16,439,226 | |||
Allowance for loans/leases collectively and individually evaluated for impairment | 22,767,917 | 22,062,389 | 22,767,917 | 22,062,389 | ' | |||
Loans/leases individually evaluated for impairment | 27,297,215 | ' | 27,297,215 | ' | 19,080,420 | |||
Loans/leases collectively evaluated for impairment | 1,539,368,149 | ' | 1,539,368,149 | ' | 1,436,652,213 | |||
Loans/Leases individually and collectively evaluated for impairment | 1,566,665,364 | ' | 1,566,665,364 | ' | 1,455,732,633 | |||
Allowance as a percentage of loans/leases individually evaluated for impairment | 20.08% | ' | 20.08% | ' | 26.25% | |||
Allowance as a percentage of loans/leases collectively evaluated for impairment | 1.12% | ' | 1.12% | ' | 1.14% | |||
Total allowancP5 as a pP5rcP5ntagP5 of total loans/lP5aP5ss | 1.45% | ' | 1.45% | ' | 1.47% | |||
Commercial and Industrial [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | |||
Balance, beginning | 6,549,378 | 4,790,828 | 5,648,774 | 4,531,545 | ' | |||
Provisions charged to expense | 851,542 | 765,582 | 1,930,050 | 1,026,073 | ' | |||
Loans/leases charged off | -741,127 | -214,920 | -967,207 | -253,820 | ' | |||
Recoveries on loans/leases previously charged off | 254,265 | 26,034 | 302,441 | 63,726 | ' | |||
Balance, ending | 6,914,058 | 5,367,524 | 6,914,058 | 5,367,524 | ' | |||
Allowance for loans/leases individually evaluated for impairment | 2,204,926 | ' | 2,204,926 | ' | 927,453 | |||
Allowance for loans/leases collectively evaluated for impairment | 4,709,132 | ' | 4,709,132 | ' | 4,721,321 | |||
Allowance for loans/leases collectively and individually evaluated for impairment | 6,914,058 | 5,367,524 | 6,914,058 | 5,367,524 | ' | |||
Loans/leases individually evaluated for impairment | 8,258,681 | ' | 8,258,681 | ' | 1,761,850 | |||
Loans/leases collectively evaluated for impairment | 471,488,378 | ' | 471,488,378 | ' | 429,926,279 | |||
Loans/Leases individually and collectively evaluated for impairment | 479,747,059 | ' | 479,747,059 | ' | 431,688,129 | |||
Allowance as a percentage of loans/leases individually evaluated for impairment | 26.70% | ' | 26.70% | ' | 52.64% | |||
Allowance as a percentage of loans/leases collectively evaluated for impairment | 1.00% | ' | 1.00% | ' | 1.10% | |||
Total allowancP5 as a pP5rcP5ntagP5 of total loans/lP5aP5ss | 1.44% | ' | 1.44% | ' | 1.31% | |||
Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | |||
Balance, beginning | 10,277,692 | 12,190,497 | 10,705,434 | 11,069,502 | ' | |||
Provisions charged to expense | -196,865 | 88,761 | -460,356 | 1,875,132 | ' | |||
Loans/leases charged off | -120,505 | -443,721 | -436,056 | -1,264,446 | ' | |||
Recoveries on loans/leases previously charged off | 68,346 | 375,325 | 219,646 | 530,674 | ' | |||
Balance, ending | 10,028,668 | 12,210,862 | 10,028,668 | 12,210,862 | ' | |||
Allowance for loans/leases individually evaluated for impairment | 2,473,500 | ' | 2,473,500 | ' | 3,174,704 | |||
Allowance for loans/leases collectively evaluated for impairment | 7,555,168 | ' | 7,555,168 | ' | 7,530,730 | |||
Allowance for loans/leases collectively and individually evaluated for impairment | 10,028,668 | 12,210,862 | 10,028,668 | 12,210,862 | ' | |||
Loans/leases individually evaluated for impairment | 14,431,006 | ' | 14,431,006 | ' | 12,956,915 | |||
Loans/leases collectively evaluated for impairment | 683,297,027 | ' | 683,297,027 | ' | 658,796,014 | |||
Loans/Leases individually and collectively evaluated for impairment | 697,728,033 | ' | 697,728,033 | ' | 671,752,929 | |||
Allowance as a percentage of loans/leases individually evaluated for impairment | 17.14% | ' | 17.14% | ' | 24.50% | |||
Allowance as a percentage of loans/leases collectively evaluated for impairment | 1.11% | ' | 1.11% | ' | 1.14% | |||
Total allowancP5 as a pP5rcP5ntagP5 of total loans/lP5aP5ss | 1.44% | ' | 1.44% | ' | 1.59% | |||
Finance Leases Portfolio Segment [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | |||
Balance, beginning | 3,319,131 | 2,187,605 | 2,517,217 | [1] | 1,990,395 | ' | ||
Provisions charged to expense | 509,657 | 338,984 | 1,428,678 | 1,057,744 | ' | |||
Loans/leases charged off | -741,478 | -203,724 | -885,966 | -726,395 | ' | |||
Recoveries on loans/leases previously charged off | 19,577 | 644 | 46,958 | 1,765 | ' | |||
Balance, ending | 3,106,887 | [1] | 2,323,509 | 3,106,887 | [1] | 2,323,509 | ' | |
Allowance for loans/leases individually evaluated for impairment | 165,617 | ' | 165,617 | ' | 192,847 | |||
Allowance for loans/leases collectively evaluated for impairment | 2,941,270 | ' | 2,941,270 | ' | 2,324,370 | |||
Allowance for loans/leases collectively and individually evaluated for impairment | 3,106,887 | [1] | 2,323,509 | 3,106,887 | [1] | 2,323,509 | ' | |
Loans/leases individually evaluated for impairment | 1,669,717 | ' | 1,669,717 | ' | 894,458 | |||
Loans/leases collectively evaluated for impairment | 160,806,362 | ' | 160,806,362 | ' | 128,006,984 | |||
Loans/Leases individually and collectively evaluated for impairment | 162,476,079 | [1] | ' | 162,476,079 | [1] | ' | 128,901,442 | [1] |
Allowance as a percentage of loans/leases individually evaluated for impairment | 9.92% | ' | 9.92% | ' | 21.56% | |||
Allowance as a percentage of loans/leases collectively evaluated for impairment | 1.83% | ' | 1.83% | ' | 1.82% | |||
Total allowancP5 as a pP5rcP5ntagP5 of total loans/lP5aP5ss | 1.91% | ' | 1.91% | ' | 1.95% | |||
Residential Portfolio Segment [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | |||
Balance, beginning | 1,439,185 | 1,165,341 | 1,395,849 | 1,070,328 | ' | |||
Provisions charged to expense | -53,963 | 102,523 | 42,712 | 307,196 | ' | |||
Loans/leases charged off | -42,022 | -13,599 | -95,464 | -126,490 | ' | |||
Recoveries on loans/leases previously charged off | 9,870 | 13,240 | 9,973 | 16,471 | ' | |||
Balance, ending | 1,353,070 | 1,267,505 | 1,353,070 | 1,267,505 | ' | |||
Allowance for loans/leases individually evaluated for impairment | 129,859 | ' | 129,859 | ' | 246,266 | |||
Allowance for loans/leases collectively evaluated for impairment | 1,223,211 | ' | 1,223,211 | ' | 1,149,583 | |||
Allowance for loans/leases collectively and individually evaluated for impairment | 1,353,070 | 1,267,505 | 1,353,070 | 1,267,505 | ' | |||
Loans/leases individually evaluated for impairment | 1,659,722 | ' | 1,659,722 | ' | 2,116,747 | |||
Loans/leases collectively evaluated for impairment | 153,294,298 | ' | 153,294,298 | ' | 145,239,576 | |||
Loans/Leases individually and collectively evaluated for impairment | 154,954,020 | [2] | ' | 154,954,020 | [2] | ' | 147,356,323 | [2] |
Allowance as a percentage of loans/leases individually evaluated for impairment | 7.82% | ' | 7.82% | ' | 11.63% | |||
Allowance as a percentage of loans/leases collectively evaluated for impairment | 0.80% | ' | 0.80% | ' | 0.79% | |||
Total allowancP5 as a pP5rcP5ntagP5 of total loans/lP5aP5ss | 0.87% | ' | 0.87% | ' | 0.95% | |||
Consumer Portfolio Segment [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | |||
Balance, beginning | 1,481,638 | 822,108 | 1,180,774 | 1,263,434 | ' | |||
Provisions charged to expense | -47,048 | 71,134 | 218,280 | -321,242 | ' | |||
Loans/leases charged off | -86,370 | -51,673 | -102,107 | -192,160 | ' | |||
Recoveries on loans/leases previously charged off | 17,014 | 51,420 | 68,287 | 142,957 | ' | |||
Balance, ending | 1,365,234 | 892,989 | 1,365,234 | 892,989 | ' | |||
Allowance for loans/leases individually evaluated for impairment | 506,860 | ' | 506,860 | ' | 467,552 | |||
Allowance for loans/leases collectively evaluated for impairment | 858,374 | ' | 858,374 | ' | 713,222 | |||
Allowance for loans/leases collectively and individually evaluated for impairment | 1,365,234 | 892,989 | 1,365,234 | 892,989 | ' | |||
Loans/leases individually evaluated for impairment | 1,278,089 | ' | 1,278,089 | ' | 1,350,450 | |||
Loans/leases collectively evaluated for impairment | 70,482,084 | ' | 70,482,084 | ' | 74,683,360 | |||
Loans/Leases individually and collectively evaluated for impairment | $71,760,173 | ' | $71,760,173 | ' | $76,033,810 | |||
Allowance as a percentage of loans/leases individually evaluated for impairment | 39.66% | ' | 39.66% | ' | 34.62% | |||
Allowance as a percentage of loans/leases collectively evaluated for impairment | 1.22% | ' | 1.22% | ' | 0.95% | |||
Total allowancP5 as a pP5rcP5ntagP5 of total loans/lP5aP5ss | 1.90% | ' | 1.90% | ' | 1.55% | |||
[1] | Management performs an evaluation of the estimated unguaranteed residual values of leased assets on an annual basis, at a minimum. The evaluation consists of discussions with reputable and current vendors and management's expertise and understanding of the current states of particular industries to determine informal valuations of the equipment. As necessary and where available, management will utilize valuations by independent appraisers. The large majority of leases with residual values contain a lease options rider which requires the lessee to pay the residual value directly, finance the payment of the residual value, or extend the lease term to pay the residual value. In these cases, the residual value is protected and the risk of loss is minimal. There were no losses related to residual values for the three and nine months ended September 30, 2014 and 2013. | |||||||
[2] | Includes residential real estate loans held for sale totaling $1,642,300 and $1,358,290 as of September 30, 2014, and December 31, 2013, respectively. |
Note_3_LoansLeases_Receivable_6
Note 3 - Loans/Leases Receivable (Details) - Impaired Loans/Leases - Nine Months Ending (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | |
Impaired Loans/Leases with No Specific Allowance Recorded: | ' | ' | ' | ' |
Recorded Investment - No Allowance Recorded | $10,374,176 | ' | $10,374,176 | $6,757,674 |
Unpaid Principal Balance - No Allowance Recorded | 10,762,039 | ' | 10,762,039 | 7,057,203 |
Average Recorded Investment - No Allowance Recorded | 9,655,172 | 9,626,276 | 8,788,363 | ' |
Interest Income Recognized - No Allowance Recorded | 18,559 | 3,993 | 35,916 | ' |
Interest Income Recognized For Cash Payments Received - No Allowance Recorded | 18,559 | 3,993 | 35,916 | ' |
Impaired Loans/Leases with Specific Allowance Recorded: | ' | ' | ' | ' |
Recorded Investment - Allowance Recorded | 16,923,039 | ' | 16,923,039 | 12,322,746 |
Unpaid Principal Balance - Allowance Recorded | 18,400,023 | ' | 18,400,023 | 13,838,755 |
Related Allowance - Allowance Recorded | 5,480,762 | ' | 5,480,762 | 5,008,822 |
Average Recorded Investment - Allowance Recorded | 12,693,484 | 15,043,921 | 10,485,004 | ' |
Interest Income Recognized - Allowance Recorded | 2,186 | 38,617 | 4,744 | ' |
Interest Income Recognized For Cash Payments Received - Allowance Recorded | 2,186 | 38,617 | 4,744 | ' |
Total Impaired Loans/Leases: | ' | ' | ' | ' |
Recorded Investment | 27,297,215 | ' | 27,297,215 | 19,080,420 |
Unpaid Principal Balance | 29,162,062 | ' | 29,162,062 | 20,895,958 |
Related Allowance | 5,480,762 | ' | 5,480,762 | 5,008,822 |
Average Recorded Investment | 22,348,656 | 24,670,197 | 19,273,367 | ' |
Interest Income Recognized | 20,745 | 42,610 | 40,660 | ' |
Interest Income Recognized For Cash Payments Received | 20,745 | 42,610 | 40,660 | ' |
Commercial and Industrial [Member] | ' | ' | ' | ' |
Impaired Loans/Leases with No Specific Allowance Recorded: | ' | ' | ' | ' |
Recorded Investment - No Allowance Recorded | 560,005 | ' | 560,005 | 492,622 |
Unpaid Principal Balance - No Allowance Recorded | 667,983 | ' | 667,983 | 568,951 |
Average Recorded Investment - No Allowance Recorded | 621,836 | 834,405 | 647,016 | ' |
Interest Income Recognized - No Allowance Recorded | 17,855 | 1,950 | 19,754 | ' |
Interest Income Recognized For Cash Payments Received - No Allowance Recorded | 17,855 | 1,950 | 19,754 | ' |
Impaired Loans/Leases with Specific Allowance Recorded: | ' | ' | ' | ' |
Recorded Investment - Allowance Recorded | 7,698,676 | ' | 7,698,676 | 1,269,228 |
Unpaid Principal Balance - Allowance Recorded | 8,464,069 | ' | 8,464,069 | 1,956,755 |
Related Allowance - Allowance Recorded | 2,204,926 | ' | 2,204,926 | 927,453 |
Average Recorded Investment - Allowance Recorded | 3,454,429 | 1,913,841 | 1,702,548 | ' |
Interest Income Recognized - Allowance Recorded | ' | 9,340 | ' | ' |
Interest Income Recognized For Cash Payments Received - Allowance Recorded | ' | 9,340 | ' | ' |
Total Impaired Loans/Leases: | ' | ' | ' | ' |
Recorded Investment | 8,258,681 | ' | 8,258,681 | 1,761,850 |
Unpaid Principal Balance | 9,132,052 | ' | 9,132,052 | 2,525,706 |
Related Allowance | 2,204,926 | ' | 2,204,926 | 927,453 |
Average Recorded Investment | 4,076,265 | 2,748,246 | 2,349,564 | ' |
Interest Income Recognized | 17,855 | 11,290 | 19,754 | ' |
Interest Income Recognized For Cash Payments Received | 17,855 | 11,290 | 19,754 | ' |
Owner-Occupied Commercial Real Estate [Member] | ' | ' | ' | ' |
Impaired Loans/Leases with No Specific Allowance Recorded: | ' | ' | ' | ' |
Recorded Investment - No Allowance Recorded | 760,586 | ' | 760,586 | 392,542 |
Unpaid Principal Balance - No Allowance Recorded | 873,808 | ' | 873,808 | 392,542 |
Average Recorded Investment - No Allowance Recorded | 751,191 | 2,295,969 | 536,402 | ' |
Impaired Loans/Leases with Specific Allowance Recorded: | ' | ' | ' | ' |
Recorded Investment - Allowance Recorded | 439,701 | ' | 439,701 | 159,247 |
Unpaid Principal Balance - Allowance Recorded | 439,701 | ' | 439,701 | 159,247 |
Related Allowance - Allowance Recorded | 143,453 | ' | 143,453 | 67,498 |
Average Recorded Investment - Allowance Recorded | 439,701 | 1,181,798 | 282,878 | ' |
Total Impaired Loans/Leases: | ' | ' | ' | ' |
Recorded Investment | 1,200,287 | ' | 1,200,287 | 551,789 |
Unpaid Principal Balance | 1,313,509 | ' | 1,313,509 | 551,789 |
Related Allowance | 143,453 | ' | 143,453 | 67,498 |
Average Recorded Investment | 1,190,892 | 3,477,767 | 819,280 | ' |
Commercial Construction, Land Development, and Other Land [Member] | ' | ' | ' | ' |
Impaired Loans/Leases with No Specific Allowance Recorded: | ' | ' | ' | ' |
Recorded Investment - No Allowance Recorded | 1,385,356 | ' | 1,385,356 | 1,943,168 |
Unpaid Principal Balance - No Allowance Recorded | 1,496,556 | ' | 1,496,556 | 2,054,368 |
Average Recorded Investment - No Allowance Recorded | 1,397,733 | 1,943,718 | 1,615,643 | ' |
Impaired Loans/Leases with Specific Allowance Recorded: | ' | ' | ' | ' |
Recorded Investment - Allowance Recorded | 794,703 | ' | 794,703 | 888,547 |
Unpaid Principal Balance - Allowance Recorded | 806,703 | ' | 806,703 | 1,011,747 |
Related Allowance - Allowance Recorded | 457,086 | ' | 457,086 | 503,825 |
Average Recorded Investment - Allowance Recorded | 796,194 | 1,897,759 | 801,643 | ' |
Interest Income Recognized - Allowance Recorded | ' | 1,992 | ' | ' |
Interest Income Recognized For Cash Payments Received - Allowance Recorded | ' | 1,992 | ' | ' |
Total Impaired Loans/Leases: | ' | ' | ' | ' |
Recorded Investment | 2,180,059 | ' | 2,180,059 | 2,831,715 |
Unpaid Principal Balance | 2,303,259 | ' | 2,303,259 | 3,066,115 |
Related Allowance | 457,086 | ' | 457,086 | 503,825 |
Average Recorded Investment | 2,193,927 | 3,841,477 | 2,417,286 | ' |
Interest Income Recognized | ' | 1,992 | ' | ' |
Interest Income Recognized For Cash Payments Received | ' | 1,992 | ' | ' |
Non-Owner Occupied Commercial Real Estate [Member] | ' | ' | ' | ' |
Impaired Loans/Leases with No Specific Allowance Recorded: | ' | ' | ' | ' |
Recorded Investment - No Allowance Recorded | 4,989,393 | ' | 4,989,393 | 1,790,279 |
Unpaid Principal Balance - No Allowance Recorded | 5,044,816 | ' | 5,044,816 | 1,902,279 |
Average Recorded Investment - No Allowance Recorded | 4,051,261 | 1,739,053 | 3,169,784 | ' |
Interest Income Recognized - No Allowance Recorded | ' | 354 | 13,283 | ' |
Interest Income Recognized For Cash Payments Received - No Allowance Recorded | ' | 354 | 13,283 | ' |
Impaired Loans/Leases with Specific Allowance Recorded: | ' | ' | ' | ' |
Recorded Investment - Allowance Recorded | 6,061,267 | ' | 6,061,267 | 7,783,132 |
Unpaid Principal Balance - Allowance Recorded | 6,760,858 | ' | 6,760,858 | 8,488,414 |
Related Allowance - Allowance Recorded | 1,872,961 | ' | 1,872,961 | 2,603,381 |
Average Recorded Investment - Allowance Recorded | 6,034,473 | 8,893,535 | 5,971,713 | ' |
Interest Income Recognized - Allowance Recorded | ' | 26,484 | ' | ' |
Interest Income Recognized For Cash Payments Received - Allowance Recorded | ' | 26,484 | ' | ' |
Total Impaired Loans/Leases: | ' | ' | ' | ' |
Recorded Investment | 11,050,660 | ' | 11,050,660 | 9,573,411 |
Unpaid Principal Balance | 11,805,674 | ' | 11,805,674 | 10,390,693 |
Related Allowance | 1,872,961 | ' | 1,872,961 | 2,603,381 |
Average Recorded Investment | 10,085,734 | 10,632,588 | 9,141,497 | ' |
Interest Income Recognized | ' | 26,838 | 13,283 | ' |
Interest Income Recognized For Cash Payments Received | ' | 26,838 | 13,283 | ' |
Finance Leases Portfolio Segment [Member] | ' | ' | ' | ' |
Impaired Loans/Leases with No Specific Allowance Recorded: | ' | ' | ' | ' |
Recorded Investment - No Allowance Recorded | 1,109,844 | ' | 1,109,844 | 557,469 |
Unpaid Principal Balance - No Allowance Recorded | 1,109,884 | ' | 1,109,884 | 557,469 |
Average Recorded Investment - No Allowance Recorded | 1,152,456 | 527,153 | 966,959 | ' |
Impaired Loans/Leases with Specific Allowance Recorded: | ' | ' | ' | ' |
Recorded Investment - Allowance Recorded | 559,873 | ' | 559,873 | 336,989 |
Unpaid Principal Balance - Allowance Recorded | 559,873 | ' | 559,873 | 336,989 |
Related Allowance - Allowance Recorded | 165,617 | ' | 165,617 | 192,847 |
Average Recorded Investment - Allowance Recorded | 578,317 | 172,428 | 425,472 | ' |
Total Impaired Loans/Leases: | ' | ' | ' | ' |
Recorded Investment | 1,669,717 | ' | 1,669,717 | 894,458 |
Unpaid Principal Balance | 1,669,757 | ' | 1,669,757 | 894,458 |
Related Allowance | 165,617 | ' | 165,617 | 192,847 |
Average Recorded Investment | 1,730,773 | 699,581 | 1,392,431 | ' |
Residential Portfolio Segment [Member] | ' | ' | ' | ' |
Impaired Loans/Leases with No Specific Allowance Recorded: | ' | ' | ' | ' |
Recorded Investment - No Allowance Recorded | 1,113,535 | ' | 1,113,535 | 1,071,927 |
Unpaid Principal Balance - No Allowance Recorded | 1,113,535 | ' | 1,113,535 | 1,071,927 |
Average Recorded Investment - No Allowance Recorded | 564,278 | 561,752 | 1,332,539 | ' |
Interest Income Recognized - No Allowance Recorded | 1,296 | 801 | 2,879 | ' |
Interest Income Recognized For Cash Payments Received - No Allowance Recorded | 1,296 | 801 | 2,879 | ' |
Impaired Loans/Leases with Specific Allowance Recorded: | ' | ' | ' | ' |
Recorded Investment - Allowance Recorded | 546,187 | ' | 546,187 | 1,044,820 |
Unpaid Principal Balance - Allowance Recorded | 546,187 | ' | 546,187 | 1,044,820 |
Related Allowance - Allowance Recorded | 129,859 | ' | 129,859 | 246,266 |
Average Recorded Investment - Allowance Recorded | 1,186,197 | 1,273,943 | 520,782 | ' |
Interest Income Recognized - Allowance Recorded | 704 | ' | 2,074 | ' |
Interest Income Recognized For Cash Payments Received - Allowance Recorded | 704 | ' | 2,074 | ' |
Total Impaired Loans/Leases: | ' | ' | ' | ' |
Recorded Investment | 1,659,722 | ' | 1,659,722 | 2,116,747 |
Unpaid Principal Balance | 1,659,722 | ' | 1,659,722 | 2,116,747 |
Related Allowance | 129,859 | ' | 129,859 | 246,266 |
Average Recorded Investment | 1,750,475 | 1,835,695 | 1,853,321 | ' |
Interest Income Recognized | 2,000 | 801 | 4,953 | ' |
Interest Income Recognized For Cash Payments Received | 2,000 | 801 | 4,953 | ' |
Consumer Portfolio Segment [Member] | ' | ' | ' | ' |
Impaired Loans/Leases with No Specific Allowance Recorded: | ' | ' | ' | ' |
Recorded Investment - No Allowance Recorded | 455,457 | ' | 455,457 | 509,667 |
Unpaid Principal Balance - No Allowance Recorded | 455,457 | ' | 455,457 | 509,667 |
Average Recorded Investment - No Allowance Recorded | 494,498 | 1,012,035 | 520,020 | ' |
Interest Income Recognized - No Allowance Recorded | ' | 1,689 | ' | ' |
Interest Income Recognized For Cash Payments Received - No Allowance Recorded | ' | 1,689 | ' | ' |
Impaired Loans/Leases with Specific Allowance Recorded: | ' | ' | ' | ' |
Recorded Investment - Allowance Recorded | 822,632 | ' | 822,632 | 840,783 |
Unpaid Principal Balance - Allowance Recorded | 822,632 | ' | 822,632 | 840,783 |
Related Allowance - Allowance Recorded | 506,860 | ' | 506,860 | 467,552 |
Average Recorded Investment - Allowance Recorded | 826,092 | 422,808 | 779,968 | ' |
Interest Income Recognized - Allowance Recorded | 890 | ' | 2,670 | ' |
Interest Income Recognized For Cash Payments Received - Allowance Recorded | 890 | ' | 2,670 | ' |
Total Impaired Loans/Leases: | ' | ' | ' | ' |
Recorded Investment | 1,278,089 | ' | 1,278,089 | 1,350,450 |
Unpaid Principal Balance | 1,278,089 | ' | 1,278,089 | 1,350,450 |
Related Allowance | 506,860 | ' | 506,860 | 467,552 |
Average Recorded Investment | 1,320,590 | 1,434,843 | 1,299,988 | ' |
Interest Income Recognized | 890 | 1,689 | 2,670 | ' |
Interest Income Recognized For Cash Payments Received | $890 | $1,689 | ' | ' |
Note_3_LoansLeases_Receivable_7
Note 3 - Loans/Leases Receivable (Details) - Impaired Loans/Leases - Three Months Ending (USD $) | 3 Months Ended | 9 Months Ended | |
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | |
Impaired Loans/Leases with No Specific Allowance Recorded: | ' | ' | ' |
Average Recorded Investment - No Allownace Recorded | $9,655,172 | $9,626,276 | $8,788,363 |
Interest Income Recognized - No Allownace Recorded | 18,559 | 3,993 | 35,916 |
Interest Income Recognized for Cahs Payments Received - No Allownace Recorded | 18,559 | 3,993 | 35,916 |
Average Recorded Investment - Allowance Recorded | 12,693,484 | 15,043,921 | 10,485,004 |
Interest Income Recognized - Allowance Recorded | 2,186 | 38,617 | 4,744 |
Interest Income Recognized for Cahs Payments Received - Allowance Recorded | 2,186 | 38,617 | 4,744 |
Total Impaired Loans/Leases: | ' | ' | ' |
Average Recorded Investment | 22,348,656 | 24,670,197 | 19,273,367 |
Interest Income Recognized | 20,745 | 42,610 | 40,660 |
Interest Income Recognized for Cahs Payments Received | 20,745 | 42,610 | 40,660 |
Commercial and Industrial [Member] | ' | ' | ' |
Impaired Loans/Leases with No Specific Allowance Recorded: | ' | ' | ' |
Average Recorded Investment - No Allownace Recorded | 621,836 | 834,405 | 647,016 |
Interest Income Recognized - No Allownace Recorded | 17,855 | 1,950 | 19,754 |
Interest Income Recognized for Cahs Payments Received - No Allownace Recorded | 17,855 | 1,950 | 19,754 |
Average Recorded Investment - Allowance Recorded | 3,454,429 | 1,913,841 | 1,702,548 |
Interest Income Recognized - Allowance Recorded | ' | 9,340 | ' |
Interest Income Recognized for Cahs Payments Received - Allowance Recorded | ' | 9,340 | ' |
Total Impaired Loans/Leases: | ' | ' | ' |
Average Recorded Investment | 4,076,265 | 2,748,246 | 2,349,564 |
Interest Income Recognized | 17,855 | 11,290 | 19,754 |
Interest Income Recognized for Cahs Payments Received | 17,855 | 11,290 | 19,754 |
Owner-Occupied Commercial Real Estate [Member] | ' | ' | ' |
Impaired Loans/Leases with No Specific Allowance Recorded: | ' | ' | ' |
Average Recorded Investment - No Allownace Recorded | 751,191 | 2,295,969 | 536,402 |
Average Recorded Investment - Allowance Recorded | 439,701 | 1,181,798 | 282,878 |
Total Impaired Loans/Leases: | ' | ' | ' |
Average Recorded Investment | 1,190,892 | 3,477,767 | 819,280 |
Commercial Construction, Land Development, and Other Land [Member] | ' | ' | ' |
Impaired Loans/Leases with No Specific Allowance Recorded: | ' | ' | ' |
Average Recorded Investment - No Allownace Recorded | 1,397,733 | 1,943,718 | 1,615,643 |
Average Recorded Investment - Allowance Recorded | 796,194 | 1,897,759 | 801,643 |
Interest Income Recognized - Allowance Recorded | ' | 1,992 | ' |
Interest Income Recognized for Cahs Payments Received - Allowance Recorded | ' | 1,992 | ' |
Total Impaired Loans/Leases: | ' | ' | ' |
Average Recorded Investment | 2,193,927 | 3,841,477 | 2,417,286 |
Interest Income Recognized | ' | 1,992 | ' |
Interest Income Recognized for Cahs Payments Received | ' | 1,992 | ' |
Non-Owner Occupied Commercial Real Estate [Member] | ' | ' | ' |
Impaired Loans/Leases with No Specific Allowance Recorded: | ' | ' | ' |
Average Recorded Investment - No Allownace Recorded | 4,051,261 | 1,739,053 | 3,169,784 |
Interest Income Recognized - No Allownace Recorded | ' | 354 | 13,283 |
Interest Income Recognized for Cahs Payments Received - No Allownace Recorded | ' | 354 | 13,283 |
Average Recorded Investment - Allowance Recorded | 6,034,473 | 8,893,535 | 5,971,713 |
Interest Income Recognized - Allowance Recorded | ' | 26,484 | ' |
Interest Income Recognized for Cahs Payments Received - Allowance Recorded | ' | 26,484 | ' |
Total Impaired Loans/Leases: | ' | ' | ' |
Average Recorded Investment | 10,085,734 | 10,632,588 | 9,141,497 |
Interest Income Recognized | ' | 26,838 | 13,283 |
Interest Income Recognized for Cahs Payments Received | ' | 26,838 | 13,283 |
Finance Leases Portfolio Segment [Member] | ' | ' | ' |
Impaired Loans/Leases with No Specific Allowance Recorded: | ' | ' | ' |
Average Recorded Investment - No Allownace Recorded | 1,152,456 | 527,153 | 966,959 |
Average Recorded Investment - Allowance Recorded | 578,317 | 172,428 | 425,472 |
Total Impaired Loans/Leases: | ' | ' | ' |
Average Recorded Investment | 1,730,773 | 699,581 | 1,392,431 |
Residential Portfolio Segment [Member] | ' | ' | ' |
Impaired Loans/Leases with No Specific Allowance Recorded: | ' | ' | ' |
Average Recorded Investment - No Allownace Recorded | 564,278 | 561,752 | 1,332,539 |
Interest Income Recognized - No Allownace Recorded | 1,296 | 801 | 2,879 |
Interest Income Recognized for Cahs Payments Received - No Allownace Recorded | 1,296 | 801 | 2,879 |
Average Recorded Investment - Allowance Recorded | 1,186,197 | 1,273,943 | 520,782 |
Interest Income Recognized - Allowance Recorded | 704 | ' | 2,074 |
Interest Income Recognized for Cahs Payments Received - Allowance Recorded | 704 | ' | 2,074 |
Total Impaired Loans/Leases: | ' | ' | ' |
Average Recorded Investment | 1,750,475 | 1,835,695 | 1,853,321 |
Interest Income Recognized | 2,000 | 801 | 4,953 |
Interest Income Recognized for Cahs Payments Received | 2,000 | 801 | 4,953 |
Consumer Portfolio Segment [Member] | ' | ' | ' |
Impaired Loans/Leases with No Specific Allowance Recorded: | ' | ' | ' |
Average Recorded Investment - No Allownace Recorded | 494,498 | 1,012,035 | 520,020 |
Interest Income Recognized - No Allownace Recorded | ' | 1,689 | ' |
Interest Income Recognized for Cahs Payments Received - No Allownace Recorded | ' | 1,689 | ' |
Average Recorded Investment - Allowance Recorded | 826,092 | 422,808 | 779,968 |
Interest Income Recognized - Allowance Recorded | 890 | ' | 2,670 |
Interest Income Recognized for Cahs Payments Received - Allowance Recorded | 890 | ' | 2,670 |
Total Impaired Loans/Leases: | ' | ' | ' |
Average Recorded Investment | 1,320,590 | 1,434,843 | 1,299,988 |
Interest Income Recognized | 890 | 1,689 | 2,670 |
Interest Income Recognized for Cahs Payments Received | $890 | $1,689 | ' |
Note_3_LoansLeases_Receivable_8
Note 3 - Loans/Leases Receivable (Details) - Additional Information on Impaired Loans (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
Impaired Loans/Leases with No Specific Allowance Recorded: | ' | ' |
Impaired loans with no related allowance recorded investment | $10,374,176 | $6,757,674 |
Impaired loans with no related allowance unpaid principal balance | 10,762,039 | 7,057,203 |
Impaired Loans/Leases with Specific Allowance Recorded: | ' | ' |
Impaired loans with related allowance recorded investment | 16,923,039 | 12,322,746 |
Impaired loans with related allowance unpaid principal balance | 18,400,023 | 13,838,755 |
Impaired loans related allowance | 5,480,762 | 5,008,822 |
Total Impaired Loans/Leases: | ' | ' |
Impaired loans recorded investment | 27,297,215 | 19,080,420 |
Impaired loans unpaid principal balance | 29,162,062 | 20,895,958 |
Impaired loans related allowance | 5,480,762 | 5,008,822 |
Commercial and Industrial [Member] | ' | ' |
Impaired Loans/Leases with No Specific Allowance Recorded: | ' | ' |
Impaired loans with no related allowance recorded investment | 560,005 | 492,622 |
Impaired loans with no related allowance unpaid principal balance | 667,983 | 568,951 |
Impaired Loans/Leases with Specific Allowance Recorded: | ' | ' |
Impaired loans with related allowance recorded investment | 7,698,676 | 1,269,228 |
Impaired loans with related allowance unpaid principal balance | 8,464,069 | 1,956,755 |
Impaired loans related allowance | 2,204,926 | 927,453 |
Total Impaired Loans/Leases: | ' | ' |
Impaired loans recorded investment | 8,258,681 | 1,761,850 |
Impaired loans unpaid principal balance | 9,132,052 | 2,525,706 |
Impaired loans related allowance | 2,204,926 | 927,453 |
Owner-Occupied Commercial Real Estate [Member] | ' | ' |
Impaired Loans/Leases with No Specific Allowance Recorded: | ' | ' |
Impaired loans with no related allowance recorded investment | 760,586 | 392,542 |
Impaired loans with no related allowance unpaid principal balance | 873,808 | 392,542 |
Impaired Loans/Leases with Specific Allowance Recorded: | ' | ' |
Impaired loans with related allowance recorded investment | 439,701 | 159,247 |
Impaired loans with related allowance unpaid principal balance | 439,701 | 159,247 |
Impaired loans related allowance | 143,453 | 67,498 |
Total Impaired Loans/Leases: | ' | ' |
Impaired loans recorded investment | 1,200,287 | 551,789 |
Impaired loans unpaid principal balance | 1,313,509 | 551,789 |
Impaired loans related allowance | 143,453 | 67,498 |
Commercial Construction, Land Development, and Other Land [Member] | ' | ' |
Impaired Loans/Leases with No Specific Allowance Recorded: | ' | ' |
Impaired loans with no related allowance recorded investment | 1,385,356 | 1,943,168 |
Impaired loans with no related allowance unpaid principal balance | 1,496,556 | 2,054,368 |
Impaired Loans/Leases with Specific Allowance Recorded: | ' | ' |
Impaired loans with related allowance recorded investment | 794,703 | 888,547 |
Impaired loans with related allowance unpaid principal balance | 806,703 | 1,011,747 |
Impaired loans related allowance | 457,086 | 503,825 |
Total Impaired Loans/Leases: | ' | ' |
Impaired loans recorded investment | 2,180,059 | 2,831,715 |
Impaired loans unpaid principal balance | 2,303,259 | 3,066,115 |
Impaired loans related allowance | 457,086 | 503,825 |
Non-Owner Occupied Commercial Real Estate [Member] | ' | ' |
Impaired Loans/Leases with No Specific Allowance Recorded: | ' | ' |
Impaired loans with no related allowance recorded investment | 4,989,393 | 1,790,279 |
Impaired loans with no related allowance unpaid principal balance | 5,044,816 | 1,902,279 |
Impaired Loans/Leases with Specific Allowance Recorded: | ' | ' |
Impaired loans with related allowance recorded investment | 6,061,267 | 7,783,132 |
Impaired loans with related allowance unpaid principal balance | 6,760,858 | 8,488,414 |
Impaired loans related allowance | 1,872,961 | 2,603,381 |
Total Impaired Loans/Leases: | ' | ' |
Impaired loans recorded investment | 11,050,660 | 9,573,411 |
Impaired loans unpaid principal balance | 11,805,674 | 10,390,693 |
Impaired loans related allowance | 1,872,961 | 2,603,381 |
Finance Leases Portfolio Segment [Member] | ' | ' |
Impaired Loans/Leases with No Specific Allowance Recorded: | ' | ' |
Impaired loans with no related allowance recorded investment | 1,109,844 | 557,469 |
Impaired loans with no related allowance unpaid principal balance | 1,109,884 | 557,469 |
Impaired Loans/Leases with Specific Allowance Recorded: | ' | ' |
Impaired loans with related allowance recorded investment | 559,873 | 336,989 |
Impaired loans with related allowance unpaid principal balance | 559,873 | 336,989 |
Impaired loans related allowance | 165,617 | 192,847 |
Total Impaired Loans/Leases: | ' | ' |
Impaired loans recorded investment | 1,669,717 | 894,458 |
Impaired loans unpaid principal balance | 1,669,757 | 894,458 |
Impaired loans related allowance | 165,617 | 192,847 |
Residential Portfolio Segment [Member] | ' | ' |
Impaired Loans/Leases with No Specific Allowance Recorded: | ' | ' |
Impaired loans with no related allowance recorded investment | 1,113,535 | 1,071,927 |
Impaired loans with no related allowance unpaid principal balance | 1,113,535 | 1,071,927 |
Impaired Loans/Leases with Specific Allowance Recorded: | ' | ' |
Impaired loans with related allowance recorded investment | 546,187 | 1,044,820 |
Impaired loans with related allowance unpaid principal balance | 546,187 | 1,044,820 |
Impaired loans related allowance | 129,859 | 246,266 |
Total Impaired Loans/Leases: | ' | ' |
Impaired loans recorded investment | 1,659,722 | 2,116,747 |
Impaired loans unpaid principal balance | 1,659,722 | 2,116,747 |
Impaired loans related allowance | 129,859 | 246,266 |
Consumer Portfolio Segment [Member] | ' | ' |
Impaired Loans/Leases with No Specific Allowance Recorded: | ' | ' |
Impaired loans with no related allowance recorded investment | 455,457 | 509,667 |
Impaired loans with no related allowance unpaid principal balance | 455,457 | 509,667 |
Impaired Loans/Leases with Specific Allowance Recorded: | ' | ' |
Impaired loans with related allowance recorded investment | 822,632 | 840,783 |
Impaired loans with related allowance unpaid principal balance | 822,632 | 840,783 |
Impaired loans related allowance | 506,860 | 467,552 |
Total Impaired Loans/Leases: | ' | ' |
Impaired loans recorded investment | 1,278,089 | 1,350,450 |
Impaired loans unpaid principal balance | 1,278,089 | 1,350,450 |
Impaired loans related allowance | $506,860 | $467,552 |
Note_3_LoansLeases_Receivable_9
Note 3 - Loans/Leases Receivable (Details) - Loans By Credit Quality Indicators (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally assigned risk rating | $1,177,475,092 | $1,103,441,058 |
Commercial and Industrial [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally assigned risk rating | 448,093,142 | 407,294,743 |
Commercial and Industrial [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally assigned risk rating | 15,306,200 | 11,355,713 |
Commercial and Industrial [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally assigned risk rating | 16,347,717 | 13,037,673 |
Commercial and Industrial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally assigned risk rating | 479,747,059 | 431,688,129 |
Owner-Occupied Commercial Real Estate [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally assigned risk rating | 241,429,419 | 250,028,731 |
Owner-Occupied Commercial Real Estate [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally assigned risk rating | 6,598,947 | 8,318,232 |
Owner-Occupied Commercial Real Estate [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally assigned risk rating | 3,047,994 | 2,868,949 |
Owner-Occupied Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally assigned risk rating | 251,076,360 | 261,215,912 |
Commercial Construction, Land Development, and Other Land [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally assigned risk rating | 66,448,462 | 51,868,919 |
Commercial Construction, Land Development, and Other Land [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally assigned risk rating | ' | 1,588,086 |
Commercial Construction, Land Development, and Other Land [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally assigned risk rating | 3,407,562 | 4,387,897 |
Commercial Construction, Land Development, and Other Land [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally assigned risk rating | 69,856,024 | 57,844,902 |
Non-Owner Occupied Commercial Real Estate [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally assigned risk rating | 349,173,522 | 326,168,882 |
Non-Owner Occupied Commercial Real Estate [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally assigned risk rating | 2,058,884 | 3,310,017 |
Non-Owner Occupied Commercial Real Estate [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally assigned risk rating | 25,563,243 | 23,213,216 |
Non-Owner Occupied Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally assigned risk rating | 376,795,649 | 352,692,115 |
Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally assigned risk rating | 1,105,144,545 | 1,035,361,275 |
Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally assigned risk rating | 23,964,031 | 24,572,048 |
Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Internally assigned risk rating | $48,366,516 | $43,507,735 |
Recovered_Sheet1
Note 3 - Loans/Leases Receivable (Details) - Delinquency Status (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | ||
Note 3 - Loans/Leases Receivable (Details) - Delinquency Status [Line Items] | ' | ' | ||
Delinquent Loan Status | $1,177,475,092 | $1,103,441,058 | ||
Finance Leases Portfolio Segment [Member] | Performing Financing Receivable [Member] | ' | ' | ||
Note 3 - Loans/Leases Receivable (Details) - Delinquency Status [Line Items] | ' | ' | ||
Delinquent Loan Status | 160,806,362 | [1] | 128,006,984 | [1] |
Finance Leases Portfolio Segment [Member] | Nonperforming Financing Receivable [Member] | ' | ' | ||
Note 3 - Loans/Leases Receivable (Details) - Delinquency Status [Line Items] | ' | ' | ||
Delinquent Loan Status | 1,669,717 | [1] | 894,458 | [1] |
Finance Leases Portfolio Segment [Member] | Delinquent Loans [Member] | ' | ' | ||
Note 3 - Loans/Leases Receivable (Details) - Delinquency Status [Line Items] | ' | ' | ||
Delinquent Loan Status | 162,476,079 | [1] | 128,901,442 | [1] |
Residential Portfolio Segment [Member] | Performing Financing Receivable [Member] | ' | ' | ||
Note 3 - Loans/Leases Receivable (Details) - Delinquency Status [Line Items] | ' | ' | ||
Delinquent Loan Status | 153,243,203 | [1] | 145,345,719 | [1] |
Residential Portfolio Segment [Member] | Nonperforming Financing Receivable [Member] | ' | ' | ||
Note 3 - Loans/Leases Receivable (Details) - Delinquency Status [Line Items] | ' | ' | ||
Delinquent Loan Status | 1,710,817 | [1] | 2,010,604 | [1] |
Residential Portfolio Segment [Member] | Delinquent Loans [Member] | ' | ' | ||
Note 3 - Loans/Leases Receivable (Details) - Delinquency Status [Line Items] | ' | ' | ||
Delinquent Loan Status | 154,954,020 | [1] | 147,356,323 | [1] |
Consumer Portfolio Segment [Member] | Performing Financing Receivable [Member] | ' | ' | ||
Note 3 - Loans/Leases Receivable (Details) - Delinquency Status [Line Items] | ' | ' | ||
Delinquent Loan Status | 70,535,287 | [1] | 74,688,039 | [1] |
Consumer Portfolio Segment [Member] | Nonperforming Financing Receivable [Member] | ' | ' | ||
Note 3 - Loans/Leases Receivable (Details) - Delinquency Status [Line Items] | ' | ' | ||
Delinquent Loan Status | 1,224,886 | [1] | 1,345,771 | [1] |
Consumer Portfolio Segment [Member] | Delinquent Loans [Member] | ' | ' | ||
Note 3 - Loans/Leases Receivable (Details) - Delinquency Status [Line Items] | ' | ' | ||
Delinquent Loan Status | 71,760,173 | [1] | 76,033,810 | [1] |
Performing Financing Receivable [Member] | ' | ' | ||
Note 3 - Loans/Leases Receivable (Details) - Delinquency Status [Line Items] | ' | ' | ||
Delinquent Loan Status | 384,584,852 | [1] | 348,040,742 | [1] |
Nonperforming Financing Receivable [Member] | ' | ' | ||
Note 3 - Loans/Leases Receivable (Details) - Delinquency Status [Line Items] | ' | ' | ||
Delinquent Loan Status | 4,605,420 | [1] | 4,250,833 | [1] |
Delinquent Loans [Member] | ' | ' | ||
Note 3 - Loans/Leases Receivable (Details) - Delinquency Status [Line Items] | ' | ' | ||
Delinquent Loan Status | $389,190,272 | [1] | $352,291,575 | [1] |
[1] | Performing =oans/leases accruing and less than 90 days past due. Nonperforming =oans/leases on nonaccrual, accruing loans/leases that are greater than or equal to 90 days past due, and accruing troubled debt restructurings. |
Recovered_Sheet2
Note 3 - Loans/Leases Receivable (Details) - Troubled Debt Restructurings - Three Months Ending (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | |
Interest Rate Adjusted Below Market [Member] | Residential Portfolio Segment [Member] | ' | ' | ' | ' |
CONCESSION - Interest rate adjusted below market | ' | ' | ' | ' |
Number of loans/leases | ' | 1 | ' | 2 |
Pre-modification recorded investment | ' | $79,661 | ' | $240,288 |
Post-modification recorded investment | ' | 79,661 | ' | 240,288 |
Specific allowance | ' | 24,408 | ' | 24,408 |
Interest Rate Adjusted Below Market [Member] | ' | ' | ' | ' |
CONCESSION - Interest rate adjusted below market | ' | ' | ' | ' |
Number of loans/leases | ' | 1 | ' | 3 |
Pre-modification recorded investment | ' | 79,661 | ' | 577,788 |
Post-modification recorded investment | ' | 79,661 | ' | 577,788 |
Specific allowance | ' | 24,408 | ' | 24,408 |
Extension of Maturity [Member] | Owner-Occupied Commercial Real Estate [Member] | ' | ' | ' | ' |
CONCESSION - Interest rate adjusted below market | ' | ' | ' | ' |
Number of loans/leases | ' | 1 | ' | 1 |
Pre-modification recorded investment | ' | 61,517 | ' | 61,517 |
Post-modification recorded investment | ' | 61,517 | ' | 61,517 |
Extension of Maturity [Member] | Non-Owner Occupied Commercial Real Estate [Member] | ' | ' | ' | ' |
CONCESSION - Interest rate adjusted below market | ' | ' | ' | ' |
Number of loans/leases | ' | 7 | ' | 7 |
Pre-modification recorded investment | ' | 6,637,835 | ' | 6,637,835 |
Post-modification recorded investment | ' | 6,637,835 | ' | 6,637,835 |
Specific allowance | ' | 1,518,303 | ' | 1,518,303 |
Extension of Maturity [Member] | ' | ' | ' | ' |
CONCESSION - Interest rate adjusted below market | ' | ' | ' | ' |
Number of loans/leases | ' | 8 | 1 | 11 |
Pre-modification recorded investment | ' | 6,699,352 | 70,144 | 7,508,846 |
Post-modification recorded investment | ' | 6,699,352 | 70,144 | 7,508,846 |
Specific allowance | ' | 1,518,303 | 24,246 | 1,707,003 |
All Other [Member] | Residential Portfolio Segment [Member] | ' | ' | ' | ' |
CONCESSION - Interest rate adjusted below market | ' | ' | ' | ' |
Number of loans/leases | 1 | ' | 1 | ' |
Pre-modification recorded investment | 96,439 | ' | 96,439 | ' |
Post-modification recorded investment | 71,760 | ' | 71,760 | ' |
Specific allowance | 7,125 | ' | 7,125 | ' |
All Other [Member] | ' | ' | ' | ' |
CONCESSION - Interest rate adjusted below market | ' | ' | ' | ' |
Number of loans/leases | 1 | ' | 2 | ' |
Pre-modification recorded investment | 96,439 | ' | 524,288 | ' |
Post-modification recorded investment | 71,760 | ' | 499,609 | ' |
Specific allowance | 7,125 | ' | 120,574 | ' |
Troubled Debt Restructurings [Member] | ' | ' | ' | ' |
CONCESSION - Interest rate adjusted below market | ' | ' | ' | ' |
Number of loans/leases | 1 | 9 | 7 | 17 |
Pre-modification recorded investment | 96,439 | 6,779,013 | 1,573,029 | 8,596,173 |
Post-modification recorded investment | 71,760 | 6,779,013 | 1,548,350 | 8,596,173 |
Specific allowance | $7,125 | $1,542,711 | $384,603 | $1,731,411 |
Recovered_Sheet3
Note 3 - Loans/Leases Receivable (Details) - Troubled Debt Restructurings - Nine Months Ending (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | |
Significant Payment Delay [Member] | Commercial and Industrial [Member] | ' | ' | ' | ' |
CONCESSION - Significant payment delay | ' | ' | ' | ' |
Number of loans/leases | ' | ' | 3 | ' |
Pre-modification recorded investment | ' | ' | $889,154 | ' |
Post-modification recorded investment | ' | ' | 889,154 | ' |
Specific allowance | ' | ' | 239,783 | ' |
Significant Payment Delay [Member] | Owner-Occupied Commercial Real Estate [Member] | ' | ' | ' | ' |
CONCESSION - Significant payment delay | ' | ' | ' | ' |
Number of loans/leases | ' | ' | ' | 1 |
Pre-modification recorded investment | ' | ' | ' | 47,958 |
Post-modification recorded investment | ' | ' | ' | 47,958 |
Significant Payment Delay [Member] | Finance Leases Portfolio Segment [Member] | ' | ' | ' | ' |
CONCESSION - Significant payment delay | ' | ' | ' | ' |
Number of loans/leases | ' | ' | 1 | ' |
Pre-modification recorded investment | ' | ' | 89,443 | ' |
Post-modification recorded investment | ' | ' | 89,443 | ' |
Significant Payment Delay [Member] | Residential Portfolio Segment [Member] | ' | ' | ' | ' |
CONCESSION - Significant payment delay | ' | ' | ' | ' |
Number of loans/leases | ' | ' | ' | 1 |
Pre-modification recorded investment | ' | ' | ' | 91,581 |
Post-modification recorded investment | ' | ' | ' | 91,581 |
Significant Payment Delay [Member] | Installment and Other Consumer [Member] | ' | ' | ' | ' |
CONCESSION - Significant payment delay | ' | ' | ' | ' |
Number of loans/leases | ' | ' | ' | 1 |
Pre-modification recorded investment | ' | ' | ' | 370,000 |
Post-modification recorded investment | ' | ' | ' | 370,000 |
Significant Payment Delay [Member] | ' | ' | ' | ' |
CONCESSION - Significant payment delay | ' | ' | ' | ' |
Number of loans/leases | ' | ' | 4 | 3 |
Pre-modification recorded investment | ' | ' | 978,597 | 509,539 |
Post-modification recorded investment | ' | ' | 978,597 | 509,539 |
Specific allowance | ' | ' | 239,783 | ' |
Interest Rate Adjusted Below Market [Member] | Residential Portfolio Segment [Member] | ' | ' | ' | ' |
CONCESSION - Significant payment delay | ' | ' | ' | ' |
Number of loans/leases | ' | 1 | ' | 2 |
Pre-modification recorded investment | ' | 79,661 | ' | 240,288 |
Post-modification recorded investment | ' | 79,661 | ' | 240,288 |
Specific allowance | ' | 24,408 | ' | 24,408 |
Interest Rate Adjusted Below Market [Member] | Commercial Construction, Land Development, and Other Land [Member] | ' | ' | ' | ' |
CONCESSION - Significant payment delay | ' | ' | ' | ' |
Number of loans/leases | ' | ' | ' | 1 |
Pre-modification recorded investment | ' | ' | ' | 337,500 |
Post-modification recorded investment | ' | ' | ' | 337,500 |
Interest Rate Adjusted Below Market [Member] | ' | ' | ' | ' |
CONCESSION - Significant payment delay | ' | ' | ' | ' |
Number of loans/leases | ' | 1 | ' | 3 |
Pre-modification recorded investment | ' | 79,661 | ' | 577,788 |
Post-modification recorded investment | ' | 79,661 | ' | 577,788 |
Specific allowance | ' | 24,408 | ' | 24,408 |
Extension of Maturity [Member] | Commercial and Industrial [Member] | ' | ' | ' | ' |
CONCESSION - Significant payment delay | ' | ' | ' | ' |
Number of loans/leases | ' | ' | ' | 3 |
Pre-modification recorded investment | ' | ' | ' | 809,494 |
Post-modification recorded investment | ' | ' | ' | 809,494 |
Specific allowance | ' | ' | ' | 188,700 |
Extension of Maturity [Member] | Owner-Occupied Commercial Real Estate [Member] | ' | ' | ' | ' |
CONCESSION - Significant payment delay | ' | ' | ' | ' |
Number of loans/leases | ' | 1 | ' | 1 |
Pre-modification recorded investment | ' | 61,517 | ' | 61,517 |
Post-modification recorded investment | ' | 61,517 | ' | 61,517 |
Extension of Maturity [Member] | Finance Leases Portfolio Segment [Member] | ' | ' | ' | ' |
CONCESSION - Significant payment delay | ' | ' | ' | ' |
Number of loans/leases | ' | ' | 1 | ' |
Pre-modification recorded investment | ' | ' | 70,144 | ' |
Post-modification recorded investment | ' | ' | 70,144 | ' |
Specific allowance | ' | ' | 24,246 | ' |
Extension of Maturity [Member] | Non-Owner Occupied Commercial Real Estate [Member] | ' | ' | ' | ' |
CONCESSION - Significant payment delay | ' | ' | ' | ' |
Number of loans/leases | ' | 7 | ' | 7 |
Pre-modification recorded investment | ' | 6,637,835 | ' | 6,637,835 |
Post-modification recorded investment | ' | 6,637,835 | ' | 6,637,835 |
Specific allowance | ' | 1,518,303 | ' | 1,518,303 |
Extension of Maturity [Member] | ' | ' | ' | ' |
CONCESSION - Significant payment delay | ' | ' | ' | ' |
Number of loans/leases | ' | 8 | 1 | 11 |
Pre-modification recorded investment | ' | 6,699,352 | 70,144 | 7,508,846 |
Post-modification recorded investment | ' | 6,699,352 | 70,144 | 7,508,846 |
Specific allowance | ' | 1,518,303 | 24,246 | 1,707,003 |
All Other [Member] | Commercial and Industrial [Member] | ' | ' | ' | ' |
CONCESSION - Significant payment delay | ' | ' | ' | ' |
Number of loans/leases | ' | ' | 1 | ' |
Pre-modification recorded investment | ' | ' | 427,849 | ' |
Post-modification recorded investment | ' | ' | 427,849 | ' |
Specific allowance | ' | ' | 113,449 | ' |
All Other [Member] | Residential Portfolio Segment [Member] | ' | ' | ' | ' |
CONCESSION - Significant payment delay | ' | ' | ' | ' |
Number of loans/leases | 1 | ' | 1 | ' |
Pre-modification recorded investment | 96,439 | ' | 96,439 | ' |
Post-modification recorded investment | 71,760 | ' | 71,760 | ' |
Specific allowance | 7,125 | ' | 7,125 | ' |
All Other [Member] | ' | ' | ' | ' |
CONCESSION - Significant payment delay | ' | ' | ' | ' |
Number of loans/leases | 1 | ' | 2 | ' |
Pre-modification recorded investment | 96,439 | ' | 524,288 | ' |
Post-modification recorded investment | 71,760 | ' | 499,609 | ' |
Specific allowance | 7,125 | ' | 120,574 | ' |
Troubled Debt Restructurings [Member] | ' | ' | ' | ' |
CONCESSION - Significant payment delay | ' | ' | ' | ' |
Number of loans/leases | 1 | 9 | 7 | 17 |
Pre-modification recorded investment | 96,439 | 6,779,013 | 1,573,029 | 8,596,173 |
Post-modification recorded investment | 71,760 | 6,779,013 | 1,548,350 | 8,596,173 |
Specific allowance | $7,125 | $1,542,711 | $384,603 | $1,731,411 |
Note_4_Earnings_Per_Share_Deta
Note 4 - Earnings Per Share (Details) | 1 Months Ended |
Dec. 23, 2013 | |
Series E Preferred Stock [Member] | ' |
Note 4 - Earnings Per Share (Details) [Line Items] | ' |
Conversion of Stock, Shares Converted | 25,000,000 |
Common Stock [Member] | ' |
Note 4 - Earnings Per Share (Details) [Line Items] | ' |
Conversion of Stock, Shares Issued | 2,057,502 |
Note_4_Earnings_Per_Share_Deta1
Note 4 - Earnings Per Share (Details) - Earnings Per Share - Basic and Diluted (USD $) | 3 Months Ended | 9 Months Ended | ||||||
Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | |
Earnings Per Share, Basic and Diluted [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' |
Net income (in Dollars) | $4,062,665 | $4,007,836 | $3,889,215 | $3,811,944 | $4,045,231 | $3,265,144 | $11,959,716 | $11,122,319 |
Less: Preferred stock dividends (in Dollars) | ' | ' | ' | 810,837 | ' | ' | 1,081,877 | 2,432,512 |
Net income attributable to QCR Holdings, Inc. common stockholders (in Dollars) | $4,062,665 | ' | ' | $3,001,107 | ' | ' | $10,877,839 | $8,689,807 |
Earnings per common share attributable to QCR Holdings, Inc. common stockholders | ' | ' | ' | ' | ' | ' | ' | ' |
Basic (in Dollars per share) | $0.51 | ' | ' | $0.52 | ' | ' | $1.37 | $1.62 |
Diluted (in Dollars per share) | $0.50 | ' | ' | $0.51 | ' | ' | $1.35 | $1.59 |
Weighted average common shares outstanding* | 7,931,944 | ' | ' | 5,806,019 | ' | ' | 7,919,201 | 5,375,557 |
Weighted average common shares issuable upon exercise of stock options and under the employee stock purchase plan | 122,041 | ' | ' | 109,260 | ' | ' | 121,217 | 106,741 |
Weighted average common and common equivalent shares outstanding | 8,053,985 | ' | ' | 5,915,279 | ' | ' | 8,040,418 | 5,482,298 |
Note_5_Business_Segment_Inform2
Note 5 - Business Segment Information (Details) - Selected Financial Information on the Companybs Business Segments (USD $) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Total revenue | $26,864,284 | $27,930,896 | $79,095,925 | $78,760,564 | ' |
Net interest income | 17,475,331 | 17,310,336 | 51,289,915 | 47,209,705 | ' |
Net income attributable to QCR Holdings, Inc. | 4,062,665 | 3,811,944 | 11,959,716 | 11,122,319 | ' |
Total assets | 2,450,595,553 | 2,485,714,438 | 2,450,595,553 | 2,485,714,438 | 2,394,952,924 |
Provision for loan/lease losses | 1,063,323 | 1,366,984 | 3,159,364 | 3,944,903 | ' |
Goodwill | 3,222,688 | 3,222,688 | 3,222,688 | 3,222,688 | 3,222,688 |
Core deposit intangible | 1,720,799 | 3,311,073 | 1,720,799 | 3,311,073 | 1,870,433 |
Intersegment Eliminations [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Total revenue | -5,609,315 | -5,489,143 | -16,272,535 | -14,977,630 | ' |
Net income attributable to QCR Holdings, Inc. | -5,492,285 | -5,387,434 | -15,936,257 | -14,681,679 | ' |
Total assets | -204,813,887 | -239,050,305 | -204,813,887 | -239,050,305 | ' |
Quad City Bank and Trust [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Total revenue | 12,467,712 | 12,610,738 | 36,368,665 | 36,476,985 | ' |
Net interest income | 9,234,089 | 8,494,707 | 27,235,902 | 25,371,337 | ' |
Net income attributable to QCR Holdings, Inc. | 2,602,238 | 2,541,293 | 7,397,943 | 6,989,589 | ' |
Total assets | 1,274,033,270 | 1,248,417,915 | 1,274,033,270 | 1,248,417,915 | ' |
Provision for loan/lease losses | 609,657 | 674,984 | 1,779,698 | 2,052,889 | ' |
Goodwill | 3,222,688 | 3,222,688 | 3,222,688 | 3,222,688 | ' |
Cedar Rapids Bank and Trust [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Total revenue | 8,801,737 | 10,006,670 | 25,816,115 | 24,911,543 | ' |
Net interest income | 6,179,763 | 6,883,007 | 17,820,878 | 15,905,288 | ' |
Net income attributable to QCR Holdings, Inc. | 1,861,236 | 1,941,807 | 5,577,993 | 5,430,289 | ' |
Total assets | 822,348,680 | 927,667,522 | 822,348,680 | 927,667,522 | ' |
Provision for loan/lease losses | 331,666 | 580,000 | 881,666 | 980,014 | ' |
Core deposit intangible | 1,720,799 | 3,311,073 | 1,720,799 | 3,311,073 | ' |
Rockford Bank and Trust [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Total revenue | 3,595,245 | 3,457,684 | 10,779,962 | 10,291,554 | ' |
Net interest income | 2,584,613 | 2,421,255 | 7,637,029 | 7,160,723 | ' |
Net income attributable to QCR Holdings, Inc. | 669,814 | 445,521 | 1,755,117 | 1,261,243 | ' |
Total assets | 346,791,265 | 333,804,180 | 346,791,265 | 333,804,180 | ' |
Provision for loan/lease losses | 122,000 | 112,000 | 498,000 | 912,000 | ' |
Wealth Management [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Total revenue | 2,082,609 | 1,946,795 | 6,387,215 | 5,488,081 | ' |
Net income attributable to QCR Holdings, Inc. | 358,997 | 458,813 | 1,205,204 | 1,000,558 | ' |
All Other [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Total revenue | 5,526,296 | 5,398,152 | 16,016,503 | 16,570,031 | ' |
Net interest income | -523,134 | -488,633 | -1,403,894 | -1,227,643 | ' |
Net income attributable to QCR Holdings, Inc. | 4,062,665 | 3,811,944 | 11,959,716 | 11,122,319 | ' |
Total assets | $212,236,225 | $214,875,126 | $212,236,225 | $214,875,126 | ' |
Note_6_Fair_Value_Details_Asse
Note 6 - Fair Value (Details) - Assets Measured at Fair Value on a Recurring Basis (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
Securities available for sale: | ' | ' |
Available for sale securities | $466,944,567 | $551,758,458 |
Assets measured on a non-recurring basis | 25,150,866 | 19,516,934 |
Derivative instruments | 1,848,119 | ' |
468,792,686 | ' | |
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Securities available for sale: | ' | ' |
Available for sale securities | 306,004,605 | 356,472,987 |
US Government Agencies Debt Securities [Member] | ' | ' |
Securities available for sale: | ' | ' |
Available for sale securities | 306,004,605 | 356,472,987 |
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Securities available for sale: | ' | ' |
Available for sale securities | 127,779,749 | 157,429,451 |
Residential Mortgage Backed Securities [Member] | ' | ' |
Securities available for sale: | ' | ' |
Available for sale securities | 127,779,749 | 157,429,451 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Securities available for sale: | ' | ' |
Available for sale securities | 31,260,146 | 35,958,857 |
US States and Political Subdivisions Debt Securities [Member] | ' | ' |
Securities available for sale: | ' | ' |
Available for sale securities | 31,260,146 | 35,958,857 |
Equity Securities, Other [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Securities available for sale: | ' | ' |
Available for sale securities | 317,021 | 317,698 |
Equity Securities, Other [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Securities available for sale: | ' | ' |
Available for sale securities | 1,583,046 | 1,579,465 |
Equity Securities, Other [Member] | ' | ' |
Securities available for sale: | ' | ' |
Available for sale securities | 1,900,067 | 1,897,163 |
Fair Value, Inputs, Level 1 [Member] | ' | ' |
Securities available for sale: | ' | ' |
Available for sale securities | ' | 317,698 |
317,021 | ' | |
Fair Value, Inputs, Level 2 [Member] | ' | ' |
Securities available for sale: | ' | ' |
Available for sale securities | ' | 551,440,760 |
Derivative instruments | 1,848,119 | ' |
468,475,665 | ' | |
Fair Value, Inputs, Level 3 [Member] | Impaired Loans/Leases [Member] | ' | ' |
Securities available for sale: | ' | ' |
Assets measured on a non-recurring basis | 13,616,631 | 9,009,557 |
Fair Value, Inputs, Level 3 [Member] | Other Real Estate Owned [Member] | ' | ' |
Securities available for sale: | ' | ' |
Assets measured on a non-recurring basis | 11,534,235 | 10,507,377 |
Fair Value, Inputs, Level 3 [Member] | ' | ' |
Securities available for sale: | ' | ' |
Assets measured on a non-recurring basis | 25,150,866 | 19,516,934 |
Impaired Loans/Leases [Member] | ' | ' |
Securities available for sale: | ' | ' |
Assets measured on a non-recurring basis | 13,616,631 | 9,009,557 |
Other Real Estate Owned [Member] | ' | ' |
Securities available for sale: | ' | ' |
Assets measured on a non-recurring basis | $11,534,235 | $10,507,377 |
Note_6_Fair_Value_Details_Quan
Note 6 - Fair Value (Details) - Quantitative Information About Level Fair Value Measurements (USD $) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2014 | Dec. 31, 2013 | |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair value | 25,150,866 | 19,516,934 |
Impaired Loans/Leases [Member] | Minimum [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Range | 10.00% | 10.00% |
Impaired Loans/Leases [Member] | Maximum [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Range | 50.00% | 50.00% |
Impaired Loans/Leases [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair value | 13,616,631 | 9,009,557 |
Valuation technique | 'Appraisal of collateral | 'Appraisal of collateral |
Other Real Estate Owned [Member] | Minimum [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Range | 0.00% | 0.00% |
Other Real Estate Owned [Member] | Maximum [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Range | 35.00% | 35.00% |
Other Real Estate Owned [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair value | 11,534,235 | 10,507,377 |
Valuation technique | 'Appraisal of collateral | 'Appraisal of collateral |
Note_6_Fair_Value_Details_Carr
Note 6 - Fair Value (Details) - Carrying Values and Estimated Fair Values of Financial Assets and Liabilities (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
Note 6 - Fair Value (Details) - Carrying Values and Estimated Fair Values of Financial Assets and Liabilities [Line Items] | ' | ' |
Cash and due from banks | $42,326,177 | $41,950,790 |
Federal funds sold | 29,760,000 | 39,435,000 |
Interest-bearing deposits at financial institutions | 34,631,773 | 33,044,917 |
Investment securities: | ' | ' |
Held to maturity | 185,840,139 | ' |
Held to maturity | 185,936,051 | 138,640,105 |
Available for sale | 466,944,567 | 551,758,458 |
Loans/leases receivable, net | 1,177,475,092 | 1,103,441,058 |
Derivative instruments | 1,848,119 | ' |
Derivative instruments | 1,848,119 | ' |
Deposits: | ' | ' |
Deposits | 1,713,867,393 | 1,646,991,243 |
Other borrowings | 151,455,209 | 142,448,362 |
Nonmaturity Deposits [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Deposits: | ' | ' |
Deposits | 1,298,921,913 | 1,256,209,352 |
Deposits, fair value | 1,298,921,913 | 1,256,209,352 |
Time Deposits [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Deposits: | ' | ' |
Deposits | 414,945,479 | 390,781,891 |
Deposits, fair value | 416,050,000 | 391,923,000 |
Interest-bearing Deposits [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Note 6 - Fair Value (Details) - Carrying Values and Estimated Fair Values of Financial Assets and Liabilities [Line Items] | ' | ' |
Cash and due from banks | 34,631,773 | 33,044,917 |
Interest-bearing deposits at financial institutions | 34,631,773 | 33,044,917 |
Interest-bearing deposits at financial institutions | 34,631,773 | 33,044,917 |
Fair Value, Inputs, Level 1 [Member] | ' | ' |
Note 6 - Fair Value (Details) - Carrying Values and Estimated Fair Values of Financial Assets and Liabilities [Line Items] | ' | ' |
Cash and due from banks | 42,326,177 | 41,950,790 |
Cash and due from banks | 42,326,177 | 41,950,790 |
Interest-bearing deposits at financial institutions | 42,326,177 | 41,950,790 |
Investment securities: | ' | ' |
Available for sale | ' | 317,698 |
Fair Value, Inputs, Level 2 [Member] | Interest Rate Cap [Member] | ' | ' |
Investment securities: | ' | ' |
Derivative instruments | 1,848,119 | ' |
Derivative instruments | 1,848,119 | ' |
Fair Value, Inputs, Level 2 [Member] | ' | ' |
Note 6 - Fair Value (Details) - Carrying Values and Estimated Fair Values of Financial Assets and Liabilities [Line Items] | ' | ' |
Federal funds sold | 29,760,000 | 39,435,000 |
Federal funds sold | 29,760,000 | 39,435,000 |
Investment securities: | ' | ' |
Available for sale | ' | 551,440,760 |
Loans/leases receivable, net | 1,537,493,236 | 1,430,489,328 |
Loans/leases receivable, net, fair value | 1,544,453,008 | 1,441,952,443 |
Derivative instruments | 1,848,119 | ' |
Derivative instruments | 1,848,119 | ' |
Deposits: | ' | ' |
Short-term borrowings | 162,186,698 | 149,292,967 |
Short-term borrowings | 162,186,698 | 149,292,967 |
Federal Home Loan Bank advances | 196,500,000 | 231,350,000 |
Federal Home Loan Bank advances | 202,507,000 | 241,623,000 |
Other borrowings | 151,455,209 | 142,448,362 |
Other borrowings | 160,531,000 | 152,761,000 |
Junior subordinated debentures | 40,389,809 | 40,289,830 |
Junior subordinated debentures | 28,457,573 | 28,094,228 |
Fair Value, Inputs, Level 3 [Member] | ' | ' |
Investment securities: | ' | ' |
Held to maturity | 185,840,139 | 145,451,895 |
Held to maturity | 185,936,051 | 138,640,105 |
Loans/leases receivable, net | 12,607,992 | 8,342,182 |
Loans/leases receivable, net, fair value | $13,616,631 | $9,009,557 |
Note_7_Full_Redemption_of_Seri1
Note 7 - Full Redemption of Series F Preferred STock (Details) (USD $) | Sep. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Mar. 31, 2014 | Jun. 29, 2012 | Sep. 15, 2011 |
Series F Preferred Stock [Member] | Series F Preferred Stock [Member] | Series F Preferred Stock [Member] | Series F Preferred Stock [Member] | ||||
Note 7 - Full Redemption of Series F Preferred STock (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Stock Redeemed or Called During Period, Shares | ' | ' | ' | 14,867 | 15,000 | 10,223 | ' |
Stock Redeemed or Called During Period, Value (in Dollars) | ' | ' | ' | $14,823,922 | ' | ' | ' |
Dividends, Preferred Stock (in Dollars) | ' | ' | ' | 373,869 | ' | ' | ' |
Preferred Stock, Shares Issued | 0 | ' | 29,867 | ' | ' | ' | 40,090 |
Proceeds from Sale of Treasury Stock (in Dollars) | ' | ' | ' | ' | ' | ' | $40,090,000 |
Preferred Stock, Shares Outstanding | 0 | 0 | 29,867 | ' | ' | ' | ' |
Note_8_Derivatives_and_Hedging2
Note 8 - Derivatives and Hedging Activities (Details) (USD $) | 9 Months Ended | |
Sep. 30, 2014 | Jun. 30, 2014 | |
Note 8 - Derivatives and Hedging Activities (Details) [Line Items] | ' | ' |
Payments for Hedge, Investing Activities | $2,071,650 | ' |
Noninterest Income [Member] | Cash Flow Hedging [Member] | ' | ' |
Note 8 - Derivatives and Hedging Activities (Details) [Line Items] | ' | ' |
Derivative Instruments, Gain Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing | 10,968 | ' |
Cash Flow Hedging [Member] | Interest Rate Cap [Member] | ' | ' |
Note 8 - Derivatives and Hedging Activities (Details) [Line Items] | ' | ' |
Number of Interest Rate Derivatives Held | ' | 2 |
Payments for Hedge, Investing Activities | $2,100,000 | ' |
Note_8_Derivatives_and_Hedging3
Note 8 - Derivatives and Hedging Activities (Details) - Summary of Interest Rate Cap Derivatives (USD $) | Sep. 30, 2014 |
Derivatives, Fair Value [Line Items] | ' |
Notional Amount | $30,000,000 |
Fair Value of Cap Asset | 1,848,119 |
Cash Flow Hedging [Member] | Interest Rate Cap 1 [Member] | Other Assets [Member] | ' |
Derivatives, Fair Value [Line Items] | ' |
Notional Amount | 15,000,000 |
Fair Value of Cap Asset | 751,668 |
Cash Flow Hedging [Member] | Interest Rate Cap 2 [Member] | Other Assets [Member] | ' |
Derivatives, Fair Value [Line Items] | ' |
Notional Amount | 15,000,000 |
Fair Value of Cap Asset | $1,096,451 |
Note_8_Derivatives_and_Hedging4
Note 8 - Derivatives and Hedging Activities (Details) - Changes in Fair Values of Derivative Financial Instruments (USD $) | 3 Months Ended | 9 Months Ended |
Sep. 30, 2014 | Sep. 30, 2014 | |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' |
Unrealized loss at beginning of period | ($251,149) | ' |
Amount of gain (loss) recognized in other comprehensive income | 109,692 | -141,457 |
Unrealized loss at end of period | -152,425 | -152,425 |
Reclassification out of Accumulated Other Comprehensive Income [Member] | ' | ' |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' |
Amount reclassified from accumulated other comprehensive income to noninterest income | ($10,968) | ($10,968) |