QCR (QCRH) 10-Q 8 May 20 2020 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2020	May 01, 2020
Document and Entity Information [Abstract]
Document Type	10-Q
Document Period End Date	Mar. 31, 2020
Entity Registrant Name	QCR HOLDINGS INC
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Current Fiscal Year End Date	--12-31
Entity Interactive Data Current	Yes
Entity Small Business	false
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding (in shares)		15,773,518
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Entity Central Index Key	0000906465
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Assets
Cash and due from banks	$ 169,827	$ 76,254
Federal funds sold	4,695	9,800
Interest-bearing deposits at financial institutions	202,013	147,891
Securities held to maturity, at amortized cost	431,283	400,646
Securities available for sale, at fair value	253,288	210,695
Total securities	684,571	611,341
Loans receivable held for sale	3,994	3,673
Loans/leases receivable held for investment	3,700,674	3,686,532
Gross loans/leases receivable	3,704,668	3,690,205
Less allowance for estimated losses on loans/leases	(42,233)	(36,001)
Net loans/leases receivable	3,662,435	3,654,204
Bank-owned life insurance	59,098	58,834
Premises and equipment, net	73,319	73,859
Restricted investment securities	21,209	23,252
Other real estate owned, net	3,298	4,129
Goodwill	74,248	74,748
Intangibles	14,421	14,970
Derivatives	195,973	87,827
Assets held for sale	10,758	11,966
Other assets	56,210	59,975
Total assets	5,232,075	4,909,050
Liabilities and Stockholders' Equity
Noninterest-bearing	829,782	777,224
Interest-bearing	3,340,696	3,133,827
Total deposits	4,170,478	3,911,051
Short-term borrowings	43,067	13,423
Federal Home Loan Bank advances	95,000	159,300
Subordinated notes	68,455	68,394
Junior subordinated debentures	37,877	37,838
Derivatives	203,744	88,437
Liabilities held for sale	3,130	5,003
Other liabilities	71,185	90,253
Total liabilities	4,692,936	4,373,699
Stockholders' Equity:
Preferred stock, $1 par value; shares authorized 250,000 March 2020 and December 2019 - no shares issued or outstanding
Common stock, $1 par value; shares authorized 20,000,000 March 2020 - 15,773,736 shares issued and outstanding December 2019 - 15,828,098 shares issued and outstanding	15,774	15,828
Additional paid-in capital	273,867	274,785
Retained earnings	254,287	245,836
Accumulated other comprehensive income (loss):
Securities available for sale	4,697	2,817
Derivatives	(9,486)	(3,915)
Total stockholders' equity	539,139	535,351
Total liabilities and stockholders' equity	$ 5,232,075	$ 4,909,050

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) - $ / shares	Mar. 31, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 1	$ 1
Preferred stock, authorized (in shares)	250,000	250,000
Preferred stock, issued (in shares)	0	0
Preferred stock, outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, authorized (in shares)	20,000,000	20,000,000
Common stock, issued (in shares)	15,773,736	15,828,098
Common stock, outstanding (in shares)	15,773,736	15,828,098

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Interest and dividend income:
Loans/leases, including fees	$ 43,159	$ 45,568
Securities:
Taxable	1,727	1,666
Nontaxable	3,459	3,545
Interest-bearing deposits at financial institutions	361	923
Restricted investment securities	258	307
Federal funds sold	18	93
Total interest and dividend income	48,982	52,102
Interest expense:
Deposits	9,206	12,479
Short-term borrowings	64	71
Federal Home Loan Bank advances	449	903
Other borrowings		605
Subordinated notes	994	564
Junior subordinated debentures	571	572
Total interest expense	11,284	15,194
Net interest income	37,698	36,908
Provision for loan/lease losses	8,367	2,134
Net interest income after provision for loan/lease losses	29,331	34,774
Noninterest income:
Revenue	64,178	64,095
Gains on sales of residential real estate loans, net	652	369
Gains on sales of government guaranteed portions of loans, net		31
Swap fee income	6,804	3,198
Earnings on bank-owned life insurance	329	540
Other	922	1,064
Total noninterest income	15,196	11,993
Noninterest expense:
Salaries and employee benefits	18,519	20,879
Occupancy and equipment expense	4,032	3,694
Professional and data processing fees	3,369	2,750
Post-acquisition compensation, transition and integration costs	151	134
Disposition costs	517
FDIC insurance, other insurance and regulatory fees	683	964
Loan/lease expense	228	214
Net cost of and gains/losses on operations of other real estate	13	298
Advertising and marketing	682	785
Bank service charges	504	483
Losses on debt extinguishment	147
Correspondent banking expense	216	204
Intangibles amortization	549	532
Goodwill impairment	500
Other	1,305	1,498
Total noninterest expense	31,415	32,435
Net income before income taxes	13,112	14,332
Federal and state income tax expense	1,884	1,414
Net income	$ 11,228	$ 12,918
Basic earnings per common share (in dollars per share)	$ 0.71	$ 0.82
Diluted earnings per common share (in dollars per share)	$ 0.70	$ 0.81
Weighted average common shares outstanding (in shares)	15,796,796	15,693,345
Weighted average common and common equivalent shares outstanding (in shares)	16,011,456	15,922,940
Cash dividends declared per common share (in dollars per share)	$ 0.06	$ 0.06
Trust department fees
Noninterest income:
Revenue	$ 2,312	$ 2,493
Investment advisory and management fees
Noninterest income:
Revenue	1,727	1,736
Deposit service fees
Noninterest income:
Revenue	1,477	1,554
Debit card fees
Noninterest income:
Revenue	758	792
Correspondent banking fees
Noninterest income:
Revenue	$ 215	$ 216

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 11,228	$ 12,918
Other comprehensive income (loss):
Unrealized holding gains arising during the period before tax	2,481	4,144
Unrealized gains (losses) on securities available for sale	2,481	4,144
Unrealized holding losses arising during the period before tax	(7,161)	(1,162)
Less reclassification adjustment for caplet amortization before tax	(110)	(157)
Unrealized losses on derivatives	(7,051)	(1,005)
Other comprehensive income (loss), before tax	(4,570)	3,139
Tax expense (benefit)	(879)	795
Other comprehensive income (loss), net of tax	(3,691)	2,344
Comprehensive income	$ 7,537	$ 15,262

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balance at Dec. 31, 2018	$ 15,718	$ 270,761	$ 192,203	$ (5,544)	$ 473,138
Net income			12,918		12,918
Other comprehensive income (loss), net of tax				2,344	2,344
Common cash dividends declared			(942)		(942)
Issuance of shares of common stock as a result of stock purchased under the Employee Stock Purchase Plan	4	124			128
Issuance of shares of common stock as a result of stock options exercised	25	263			288
Stock-based compensation expense		722			722
Restricted stock awards and restricted stock units of common stock, net of restricted stock units	13	(50)			(37)
Exchange of shares of common stock in connection with payroll taxes for restricted stock and in connection with stock options exercised	(5)	(147)			(152)
Balance at Mar. 31, 2019	15,755	271,673	204,179	(3,200)	488,407
Balance at Dec. 31, 2019	15,828	274,785	245,836	(1,098)	535,351
Net income			11,228		11,228
Other comprehensive income (loss), net of tax				(3,691)	(3,691)
Common cash dividends declared			(942)		(942)
Repurchase and cancellation of 100,932 shares of common stock as a result of share repurchase program	(101)	(1,844)	(1,835)		(3,780)
Issuance of shares of common stock as a result of stock purchased under the Employee Stock Purchase Plan	6	208			214
Issuance of shares of common stock as a result of stock options exercised	32	274			306
Stock-based compensation expense		641			641
Restricted stock awards and restricted stock units of common stock, net of restricted stock units	10	(8)			2
Exchange of shares of common stock in connection with payroll taxes for restricted stock and in connection with stock options exercised	(1)	(189)			(190)
Balance at Mar. 31, 2020	$ 15,774	$ 273,867	$ 254,287	$ (4,789)	$ 539,139

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parentheticals) - $ / shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cash dividends declared per common share (in dollars per share)	$ 0.06	$ 0.06
Common Stock [Member]
Cash dividends declared per common share (in dollars per share)	$ 0.06	$ 0.06
Repurchase and cancellation of common stock as a result of share repurchase program (in shares)	100,932
Issuance of shares of common stock as a result of stock purchased under the Employee Stock Purchase Plan (in shares)	5,553	4,446
Issuance of shares of common stock as s result of stock options exercised (in shares)	31,729	25,238
Restricted stock awards (in shares)	10,300	12,719
Exchange of shares of common stock in connection with stock options exercised and restricted stock vested (in shares)	1,012	5,169

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 11,228	$ 12,918
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	1,338	1,235
Provision for loan/lease losses	8,367	2,134
Stock-based compensation expense	641	722
Deferred compensation expense accrued	913	733
Losses on other real estate owned, net	4	224
Amortization of premiums on securities, net	159	448
Caplet amortization	110
Loans originated for sale	(34,459)	(18,034)
Proceeds on sales of loans	34,790	17,735
Gains on sales of residential real estate loans	(652)	(369)
Gains on sales of government guaranteed portions of loans		(31)
Losses on debt extinguishment	147
Gains on sales of premises and equipment	(8)	(47)
Intangibles amortization	549	532
Accretion of acquisition fair value adjustments, net	(625)	(1,069)
Increase in cash value of bank-owned life insurance	(329)	(540)
Goodwill impairment	500
Decrease in other assets	5,917	1,121
Decrease in other liabilities	(21,998)	(9,110)
Net cash provided by operating activities	6,592	8,602
CASH FLOWS FROM INVESTING ACTIVITIES
Net decrease in federal funds sold	5,105	24,526
Net increase in interest-bearing deposits at financial institutions	(54,122)	(80,962)
Proceeds from sales of other real estate owned	827	202
Activity in securities portfolio:
Purchases	(83,987)	(4,079)
Calls, maturities and redemptions	3,872	4,510
Paydowns	9,182	10,426
Activity in restricted investment securities:
Purchases	(1,874)	(3,110)
Redemptions	3,917	5,895
Net increase in loans/leases originated and held for investment	(15,596)	(65,777)
Purchase of premises and equipment	(798)	(3,970)
Proceeds from sales of premises and equipment	8	117
Net cash (used in) investing activities	(133,466)	(112,222)
CASH FLOWS FROM FINANCING ACTIVITIES
Net increase in deposit accounts	259,310	217,257
Net increase (decrease) in short-term borrowings	29,644	(12,888)
Activity in Federal Home Loan Bank advances:
Term advances	45,000	5,000
Calls and maturities		(15,000)
Net change in short-term and overnight advances	(109,300)	(130,365)
Activity in other borrowings:
Calls, maturities and scheduled principal payments		(1,937)
Prepayments		(21,313)
Paydown of revolving line of credit		(9,000)
Proceeds from subordinated notes		63,393
Payment of cash dividends on common stock	(947)	(939)
Proceeds from issuance of common stock, net	520	416
Repurchase and cancellation of shares	(3,780)
Net cash provided by financing activities	220,447	94,624
Net increase (decrease) in cash and due from banks	93,573	(8,996)
Cash and due from banks, beginning	76,254	85,523	$ 85,523
Cash and due from banks, ending	169,827	76,527	76,254
Cash and due from banks	169,827		76,254
Supplemental disclosure of cash flow information, cash payments (receipts) for:
Interest	11,534	14,146
Income/franchise taxes	2,134	590
Supplemental schedule of noncash investing activities:
Change in accumulated other comprehensive income, unrealized gains on securities available for sale and derivative instruments, net	(3,691)	2,344
Exchange of shares of common stock in connection with payroll taxes for restricted stock and in connection with stock options exercised	(190)	(152)
Transfers of loans to other real estate owned		158
Increase (decrease) in the fair value of back-to-back interest rate swap assets and liabilities	110,545	13,882
Dividends payable	942	$ 942
Assets Sold:
Total assets sold	10,758		11,966
Liabilities Sold:
Total liabilities sold	$ 3,130		$ 5,003

NOTE 1 - SUMMARY OF SIGNIFICANT

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Part I Item 1 QCR HOLDINGS, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) March 31, 2020 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, 2019, included in the Company's Annual Report on Form 10‑K filed with the SEC on March 13, 2020. 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 GAAP 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 March 31, 2020 are not necessarily indicative of the results expected for the year ending December 31, 2020, or for any other period. The acronyms and abbreviations identified below are used throughout this Quarterly Report on Form 10‑Q. It may be helpful to refer back to this page as you read this report. Allowance: Allowance for estimated losses on loans/leases Guaranty: Guaranty Bancshares, Ltd. AOCI: Accumulated other comprehensive income (loss) Guaranty Bank: Guaranty Bank and Trust Company AFS: Available for sale HTM: Held to maturity ASC: Accounting Standards Codification IB&T: Illinois Bank & Trust ASU: Accounting Standards Update m2: m2 Lease Funds, LLC Bates Companies: Bates Financial Advisors, Inc., Bates MSELF: Main Street Expanded Loan Facility Financial Services, Inc., Bates Securities, Inc. and MSNLF: Main Street New Loan Facility Bates Financial Group, Inc. NIM: Net interest margin BOLI: Bank-owned life insurance NPA: Nonperforming asset Caps: Interest rate cap derivatives NPL: Nonperforming loan CARES Act: Coronavirus Aid, Relief and Economy OREO: Other real estate owned Security Act OTTI: Other-than-temporary impairment CDI: Core deposit intangible PCI: Purchased credit impaired CECL: Current Expected Credit Losses PPP: Paycheck Protection Program Community National: Community National Bancorporation Provision: Provision for loan/lease losses COVID-19: Coronavirus Disease 2019 QCBT: Quad City Bank & Trust Company CRBT: Cedar Rapids Bank & Trust Company RB&T: Rockford Bank & Trust Company CRE: Commercial real estate ROAA: Return on Average Assets CSB: Community State Bank SBA: U.S. Small Business Administration C&I: Commercial and industrial SEC: Securities and Exchange Commission EPS: Earnings per share SFC Bank: Springfield First Community Bank Exchange Act: Securities Exchange Act of 1934, as Springfield Bancshares: Springfield Bancshares, Inc. amended TA: Tangible assets FASB: Financial Accounting Standards Board TCE: Tangible common equity FDIC: Federal Deposit Insurance Corporation TDRs: Troubled debt restructurings FHLB: Federal Home Loan Bank TEY: Tax equivalent yield FRB: Federal Reserve Bank of Chicago The Company: QCR Holdings, Inc. GAAP: Generally Accepted Accounting Principles USDA: U.S. Department of Agriculture The Consolidated Financial Statements include the accounts of the Company and its wholly-owned subsidiaries which include the accounts of four commercial banks: QCBT, CRBT, CSB and SFC Bank. All are state-chartered commercial banks and all are members of the Federal Reserve system. The Company engages in direct financing lease contracts through m2, a wholly-owned subsidiary of QCBT. The Company also engages in wealth management services through its banking subsidiaries and its subsidiaries, the Bates Companies. All material intercompany transactions and balances have been eliminated in consolidation. On November 30, 2019, the Company sold substantially all of the assets and transferred substantially all of the deposits and certain other liabilities of the Company’s wholly-owned subsidiary, RB&T. The financial results of RB&T prior to its sale are included in this report. See Note 2 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2019 for additional information about the sale. Recent accounting developments : In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses . Under the standard, assets measured at amortized cost (including loans, leases and AFS securities) will be presented at the net amount expected to be collected. Rather than the “incurred” model that is currently being utilized, the standard will require the use of a forward-looking approach to recognizing all expected credit losses at the beginning of an asset’s life. For public companies, ASU 2016-13 is effective for fiscal years beginning after December 15, 2019, including items periods within those fiscal years. On March 27, 2020, the CARES Act, a stimulus package designed in response to the economic disruption created by COVID-19, was signed into law. The CARES Act includes provisions that, if elected, temporarily delay the required implementation date of ASU 2016-13. Section 4014 of the CARES Act stipulates that no insured depository institution, bank holding company, or affiliate will be required to comply with ASU 2016-13, beginning on the date of the enactment, March 27, 2020 until the earlier of the two following dates: (1) the date on which the national emergency related to the COVID-19 outbreak is terminated or (2) December 31, 2020. The Company has elected to defer its implementation of ASU 2016-13 as allowed by the CARES Act. The Company has developed a CECL allowance model which calculates allowances over the life of the loan and is largely driven by portfolio characteristics, risk-grading, economic outlook, and other key methodology assumptions. Those assumptions are based upon the existing probability of default and loss given default framework. The Company will utilize economic and other forecasts over a four quarter reasonable and supportable forecast period and then fully revert back to average historical losses. The Company’s credit administration team will periodically refine the model as needed and is running parallel calculations. The Company anticipates increases in the allowance for credit losses on longer dated portfolios and decreases in the shorter dated portfolios. The Company estimates a $7 million and $10 million increase in the allowance for estimated losses on loans/leases upon adoption of CECL at January 1, 2020 and March 31, 2020, respectively. The Company is in the process of finalizing the review of the most recent model run and finalizing assumptions including qualitative adjustments and economic forecasts.

NOTE 2 - INVESTMENT SECURITIES

NOTE 2 - INVESTMENT SECURITIES	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
INVESTMENT SECURITIES	NOTE 2– INVESTMENT SECURITIES The amortized cost and fair value of investment securities as of March 31, 2020 and December 31, 2019 are summarized as follows: Gross Gross Amortized Unrealized Unrealized Fair Cost Gains (Losses) Value (dollars in thousands) March 31, 2020: Securities HTM: Municipal securities $ 430,233 $ 21,886 $ (2,768) $ 449,351 Other securities 1,050 — — 1,050 $ 431,283 $ 21,886 $ (2,768) $ 450,401 Securities AFS: U.S. govt. sponsored agency securities $ 18,998 $ 502 $ (43) $ 19,457 Residential mortgage-backed and related securities 116,768 6,149 (64) 122,853 Municipal securities 61,432 2,004 (5) 63,431 Asset-backed securities 31,076 — (2,577) 28,499 Other securities 18,800 252 (4) 19,048 $ 247,074 $ 8,907 $ (2,693) $ 253,288 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains (Losses) Value (dollars in thousands) December 31, 2019: Securities HTM: Municipal securities $ 399,596 $ 26,042 $ (143) $ 425,495 Other securities 1,050 — — 1,050 $ 400,646 $ 26,042 $ (143) $ 426,545 Securities AFS: U.S. govt. sponsored agency securities $ 19,872 $ 283 $ (77) $ 20,078 Residential mortgage-backed and related securities 118,724 2,045 (182) 120,587 Municipal securities 46,659 1,602 (4) 48,257 Asset-backed securities 16,958 — (71) 16,887 Other securities 4,749 138 (1) 4,886 $ 206,962 $ 4,068 $ (335) $ 210,695 The Company's HTM municipal securities consist largely of private issues of municipal debt. The large majority of the municipalities are located within the Midwest. 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 private 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 March 31, 2020 and December 31, 2019, 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 (dollars in thousands) March 31, 2020: Securities HTM: Municipal securities $ 52,609 $ (2,762) $ 531 $ (6) $ 53,140 $ (2,768) Other securities 1,050 — — — 1,050 — $ 53,659 $ (2,762) $ 531 $ (6) $ 54,190 $ (2,768) Securities AFS: U.S. govt. sponsored agency securities $ 1,449 $ (2) $ 1,920 $ (41) $ 3,369 $ (43) Residential mortgage-backed and related securities 2,509 (14) 1,875 (50) 4,384 (64) Municipal securities 386 (1) 336 (4) 722 (5) Asset-backed securities 23,752 (2,577) — — 23,752 (2,577) Other securities 246 (4) — — 246 (4) $ 28,342 $ (2,598) $ 4,131 $ (95) $ 32,473 $ (2,693) Less than 12 Months 12 Months or More Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (dollars in thousands) December 31, 2019: Securities HTM: Municipal securities $ 509 $ (1) $ 10,047 $ (142) $ 10,556 $ (143) Other securities 550 — — — 550 — $ 1,059 $ (1) $ 10,047 $ (142) $ 11,106 $ (143) Securities AFS: U.S. govt. sponsored agency securities $ 1,431 $ (21) $ 2,117 $ (56) $ 3,548 $ (77) Residential mortgage-backed and related securities 2,263 (17) 17,862 (165) 20,125 (182) Municipal securities — — 724 (4) 724 (4) Asset-backed securities 16,886 (71) — — 16,886 (71) Other securities 249 (1) — — 249 (1) $ 20,829 $ (110) $ 20,703 $ (225) $ 41,532 $ (335) At March 31, 2020, the investment portfolio included 581 securities. Of this number, 53 securities were in an unrealized loss position. The aggregate losses of these securities totaled approximately 0.8% of the total amortized cost of the portfolio. Of these 53 securities, five securities had an unrealized loss for twelve months or more. Asset-backed securities are comprised of collateralized loan obligations, which are debt securities backed by pools of senior secured commercial loans to a diverse group of companies across a broad spectrum of industries. At March 31, 2020, the Company only owned collateralized loan obligations that were AAA rated. 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 lacks the intent 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. The Company did not recognize OTTI on any investment securities for the three months ended March 31, 2020 and 2019. There were no sales of securities for the three months ended March 31, 2020 and March 31, 2019. The amortized cost and fair value of securities as of March 31, 2020 by contractual maturity are shown below. Expected maturities of residential mortgage-backed and asset-backed securities and related securities may differ from contractual maturities because the residential mortgages underlying the securities may be prepaid without any penalties. Therefore, these securities are not included in the maturity categories in the following table. Amortized Cost Fair Value (dollars in thousands) Securities HTM: Due in one year or less $ 3,016 $ 3,023 Due after one year through five years 34,967 35,545 Due after five years 393,300 411,833 $ 431,283 $ 450,401 Securities AFS: Due in one year or less $ 1,370 $ 1,387 Due after one year through five years 15,804 16,131 Due after five years 82,056 84,418 99,230 101,936 Residential mortgage-backed and related securities 116,768 122,853 Asset-backed securities 31,076 28,499 $ 247,074 $ 253,288 Portions of the U.S. government sponsored agency securities, municipal securities and other 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. These callable securities are summarized as follows: Amortized Cost Fair Value (dollars in thousands) Securities HTM: Municipal securities $ 199,843 $ 201,706 Securities AFS: Municipal securities 47,044 48,483 Other securities 18,550 18,802 $ 65,594 $ 67,285 As of March 31, 2020, the Company's municipal securities portfolios were comprised of general obligation bonds issued by 91 issuers with fair values totaling $74.4 million and revenue bonds issued by 162 issuers, primarily consisting of states, counties, towns, villages and school districts with fair values totaling $438.4 million. The Company held investments in general obligation bonds in 21 states, including six states in which the aggregate fair value exceeded $5.0 million. The Company held investments in revenue bonds in 18 states, including seven states in which the aggregate fair value exceeded $5.0 million. As of December 31, 2019, the Company's municipal securities portfolios were comprised of general obligation bonds issued by 93 issuers with fair values totaling $77.2 million and revenue bonds issued by 154 issuers, primarily consisting of states, counties, towns, villages and school districts with fair values totaling $396.6 million. The Company held investments in general obligation bonds in 22 states, including six states in which the aggregate fair value exceeded $5.0 million. The Company held investments in revenue bonds in 17 states, including nine states in which the aggregate fair value exceeded $5.0 million. Both general obligation and revenue bonds are diversified across many issuers. As of March 31, 2020 and December 31, 2019, the Company held revenue bonds of one single issuer, located in Ohio, of which the aggregate book or market value exceeded 5% of the Company’s stockholders’ equity. The issuer’s financial condition is strong and the source of repayment is diversified. The Company monitors the investment and concentration closely. Of the general obligation and revenue bonds in the Company's portfolio, the majority are unrated bonds that represent small, private issuances. All unrated bonds were underwritten according to loan underwriting standards and have an average loan risk rating of 2, indicating very high quality. Additionally, many of these bonds are funding essential municipal services such as water, sewer, education, and medical facilities. The Company's municipal securities are owned by each of the four charters, whose investment policies set forth limits for various subcategories within the municipal securities portfolio. Each charter is monitored individually, and as of March 31, 2020, all were well within policy limitations approved by the board of directors. Policy limits are calculated as a percentage of each charter's total risk-based capital. As of March 31, 2020, the Company's standard monitoring of its municipal securities portfolio had not uncovered any facts or circumstances resulting in significantly different credit 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 - LOANS_LEASES RECEIVABL

NOTE 3 - LOANS/LEASES RECEIVABLE	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
LOANS/LEASES RECEIVABLE	NOTE 3 – LOANS/LEASES RECEIVABLE The composition of the loan/lease portfolio as of March 31, 2020 and December 31, 2019 is presented as follows: 2020 2019 (dollars in thousands) C&I loans* $ 1,484,979 $ 1,507,825 CRE loans Owner-occupied CRE 454,955 443,989 Commercial construction, land development, and other land 410,383 378,797 Other non owner-occupied CRE 917,748 913,610 1,783,086 1,736,396 Direct financing leases ** 83,324 87,869 Residential real estate loans *** 237,742 239,904 Installment and other consumer loans 106,728 109,352 3,695,859 3,681,346 Plus deferred loan/lease origination costs, net of fees 8,809 8,859 3,704,668 3,690,205 Less allowance (42,233) (36,001) $ 3,662,435 $ 3,654,204 ** Direct financing leases: Net minimum lease payments to be received $ 92,139 $ 97,025 Estimated unguaranteed residual values of leased assets 616 547 Unearned lease/residual income (9,431) (9,703) 83,324 87,869 Plus deferred lease origination costs, net of fees 1,649 1,892 84,973 89,761 Less allowance (1,303) (1,464) $ 83,670 $ 88,297 * Includes equipment financing agreements outstanding at m2, totaling $145.3 million and $142.0 million as of March 31, 2020 and December 31, 2019, respectively. ** 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, which is combined with 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. *** Includes residential real estate loans held for sale totaling $4.0 million and $3.7 million as of March 31, 2020 and December 31, 2019, respectively. Changes in accretable yield for acquired loans were as follows: Three months ended March 31, 2020 PCI Performing Loans Loans Total Balance at the beginning of the period $ (57) $ (6,378) $ (6,435) Reclassification of nonaccretable discount to accretable (30) — (30) Accretion recognized 28 653 681 Balance at the end of the period $ (59) $ (5,725) $ (5,784) Three months ended March 31, 2019 PCI Performing Loans Loans Total Balance at the beginning of the period $ (667) $ (9,656) $ (10,323) Accretion recognized 348 826 1,174 Balance at the end of the period $ (319) $ (8,830) $ (9,149) The aging of the loan/lease portfolio by classes of loans/leases as of March 31, 2020 and December 31, 2019 is presented as follows: As of March 31, 2020 Accruing Past 30-59 Days 60-89 Days Due 90 Days or Nonaccrual Classes of Loans/Leases Current Past Due Past Due More Loans/Leases Total (dollars in thousands) C&I $ 1,479,395 $ 3,445 $ 612 $ — $ 1,527 $ 1,484,979 CRE Owner-Occupied CRE 454,670 — 186 — 99 454,955 Commercial Construction, Land Development, and Other Land 408,392 767 — 1,224 — 410,383 Other Non Owner-Occupied CRE 905,607 4,577 — — 7,564 917,748 Direct Financing Leases 81,459 487 213 — 1,165 83,324 Residential Real Estate 231,288 5,047 667 82 658 237,742 Installment and Other Consumer 105,677 319 4 113 615 106,728 $ 3,666,488 $ 14,642 $ 1,682 $ 1,419 $ 11,628 $ 3,695,859 As a percentage of total loan/lease portfolio 99.20 % 0.40 % 0.05 % 0.04 % 0.31 % 100.00 % As of December 31, 2019 Accruing Past 30-59 Days 60-89 Days Due 90 Days or Nonaccrual Classes of Loans/Leases Current Past Due Past Due More Loans/Leases Total (dollars in thousands) C&I $ 1,499,891 $ 6,126 $ 572 $ — $ 1,236 $ 1,507,825 CRE Owner-Occupied CRE 443,707 177 71 — 34 443,989 Commercial Construction, Land Development, and Other Land 375,940 2,857 — — — 378,797 Other Non Owner-Occupied CRE 909,684 73 — — 3,853 913,610 Direct Financing Leases 85,636 463 253 — 1,517 87,869 Residential Real Estate 235,845 2,939 414 — 706 239,904 Installment and Other Consumer 108,750 3 10 33 556 109,352 $ 3,659,453 $ 12,638 $ 1,320 $ 33 $ 7,902 $ 3,681,346 As a percentage of total loan/lease portfolio 99.41 % 0.34 % 0.04 % 0.00 % 0.21 % 100.00 % NPLs by classes of loans/leases as of March 31, 2020 and December 31, 2019 are presented as follows: As of March 31, 2020 Accruing Past Due 90 Days or Nonaccrual Percentage of Classes of Loans/Leases More Loans/Leases ** Accruing TDRs Total NPLs Total NPLs (dollars in thousands) C&I $ — $ 1,527 $ 359 $ 1,886 13.88 % CRE Owner-Occupied CRE — 99 — 99 0.73 % Commercial Construction, Land Development, and Other Land 1,224 — — 1,224 9.01 % Other Non Owner-Occupied CRE — 7,564 — 7,564 55.64 % Direct Financing Leases — 1,165 186 1,351 9.94 % Residential Real Estate 82 658 — 740 5.44 % Installment and Other Consumer 113 615 — 728 5.36 % $ 1,419 $ 11,628 $ 545 $ 13,592 100.00 % ** Nonaccrual loans/leases included $298 thousand of TDRs, including $50 thousand in commercial and industrial loans, $163 thousand in direct financing leases, $31 thousand in residential real estate loans, and $54 thousand in installment loans. As of December 31, 2019 Accruing Past Due 90 Days or Nonaccrual Percentage of Classes of Loans/Leases More Loans/Leases ** Accruing TDRs Total NPLs Total NPLs (dollars in thousands) C&I $ — $ 1,236 $ 646 $ 1,882 21.12 % CRE Owner-Occupied CRE — 34 — 34 0.38 % Commercial Construction, Land Development, and Other Land — — — — - % Other Non Owner-Occupied CRE — 3,853 — 3,853 43.22 % Direct Financing Leases — 1,517 333 1,850 20.75 % Residential Real Estate — 706 — 706 7.92 % Installment and Other Consumer 33 556 — 589 6.61 % $ 33 $ 7,902 $ 979 $ 8,914 100.00 % ** Nonaccrual loans/leases included $747 thousand of TDRs, including $98 thousand in C&I loans, $269 thousand in CRE loans, $294 thousand in direct financing leases, $31 thousand in residential real estate loans, and $55 thousand in installment loans. Changes in the allowance by portfolio segment for the three months ended March 31, 2020 and 2019, respectively, are presented as follows: Three Months Ended March 31, 2020 Direct Financing Residential Real Installment and C&I CRE Leases Estate Other Consumer Total (dollars in thousands) Balance, beginning $ 16,072 $ 15,379 $ 1,464 $ 1,948 $ 1,138 $ 36,001 Provisions (credits) charged to expense 3,697 3,816 394 336 124 8,367 Loans/leases charged off (1,639) — (600) — (96) (2,335) Recoveries on loans/leases previously charged off 21 74 45 29 31 200 Balance, ending $ 18,151 $ 19,269 $ 1,303 $ 2,313 $ 1,197 $ 42,233 Three Months Ended March 31, 2019 Direct Financing Residential Real Installment and C&I CRE Leases Estate Other Consumer Total (dollars in thousands) Balance, beginning $ 16,420 $ 17,719 $ 1,792 $ 2,557 $ 1,359 $ 39,847 Provisions (credits) charged to expense 1,007 534 445 (18) 166 2,134 Loans/leases charged off (334) — (652) — (74) (1,060) Recoveries on loans/leases previously charged off 166 50 21 — 6 243 Balance, ending $ 17,259 $ 18,303 $ 1,606 $ 2,539 $ 1,457 $ 41,164 The allowance by impairment evaluation and by portfolio segment as of March 31, 2020 and December 31, 2019 is presented as follows: As of March 31, 2020 Direct Financing Residential Real Installment and C&I CRE Leases Estate Other Consumer Total (dollars in thousands) Allowance for impaired loans/leases $ 86 $ 1,228 $ 20 $ 15 $ 78 $ 1,427 Allowance for nonimpaired loans/leases 18,065 18,041 1,283 2,298 1,119 40,806 $ 18,151 $ 19,269 $ 1,303 $ 2,313 $ 1,197 $ 42,233 Impaired loans/leases $ 2,346 $ 7,681 $ 1,574 $ 603 $ 615 $ 12,819 Nonimpaired loans/leases 1,482,633 1,775,405 81,750 237,139 106,113 3,683,040 $ 1,484,979 $ 1,783,086 $ 83,324 $ 237,742 $ 106,728 $ 3,695,859 Allowance as a percentage of impaired loans/leases 3.67 % 15.99 % 1.27 % 2.49 % 12.68 % 11.13 % Allowance as a percentage of nonimpaired loans/leases 1.22 % 1.02 % 1.57 % 0.97 % 1.05 % 1.11 % Total allowance as a percentage of total loans/leases 1.22 % 1.08 % 1.56 % 0.97 % 1.12 % 1.14 % As of December 31, 2019 Direct Financing Residential Real Installment and C&I CRE Leases Estate Other Consumer Total (dollars in thousands) Allowance for impaired loans/leases $ 170 $ 125 $ 270 $ 15 $ 80 $ 660 Allowance for nonimpaired loans/leases 15,902 15,254 1,194 1,933 1,058 35,341 $ 16,072 $ 15,379 $ 1,464 $ 1,948 $ 1,138 $ 36,001 Impaired loans/leases $ 1,846 $ 3,585 $ 2,025 $ 649 $ 556 $ 8,661 Nonimpaired loans/leases 1,505,979 1,732,811 85,844 239,255 108,796 3,672,685 $ 1,507,825 $ 1,736,396 $ 87,869 $ 239,904 $ 109,352 $ 3,681,346 Allowance as a percentage of impaired loans/leases 9.21 % 3.49 % 13.33 % 2.31 % 14.41 % 7.62 % Allowance as a percentage of nonimpaired loans/leases 1.06 % 0.88 % 1.39 % 0.81 % 0.97 % 0.96 % Total allowance as a percentage of total loans/leases 1.07 % 0.89 % 1.67 % 0.81 % 1.04 % 0.98 % 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 three months ended March 31, 2020 are presented as follows: 2020 Interest Income Average Recognized for Recorded Unpaid Principal Related Recorded Interest Income Cash Payments Classes of Loans/Leases Investment Balance Allowance Investment Recognized Received (dollars in thousands) Impaired Loans/Leases with No Specific Allowance Recorded: C&I $ 2,260 $ 2,332 $ — $ 1,895 $ 12 $ 12 CRE Owner-Occupied CRE 99 115 — 102 — — Commercial Construction, Land Development, and Other Land — — — — — — Other Non Owner-Occupied CRE 1,054 1,054 — 662 7 7 Direct Financing Leases 1,515 1,515 — 1,440 6 6 Residential Real Estate 423 407 — 399 — — Installment and Other Consumer 538 538 — 507 — — $ 5,889 $ 5,961 $ — $ 5,005 $ 25 $ 25 Impaired Loans/Leases with Specific Allowance Recorded: C&I $ 86 $ 86 $ 86 $ 43 $ — $ — CRE Owner-Occupied CRE — — — — — — Commercial Construction, Land Development, and Other Land — — — — — — Other Non Owner-Occupied CRE 6,528 6,528 1,228 4,698 — — Direct Financing Leases 59 59 20 61 — — Residential Real Estate 180 180 15 180 — — Installment and Other Consumer 77 77 78 79 — — $ 6,930 $ 6,930 $ 1,427 $ 5,061 $ — $ — Total Impaired Loans/Leases: C&I $ 2,346 $ 2,418 $ 86 $ 1,938 $ 12 $ 12 CRE Owner-Occupied CRE 99 115 — 102 — — Commercial Construction, Land Development, and Other Land — — — — — — Other Non Owner-Occupied CRE 7,582 7,582 1,228 5,360 7 7 Direct Financing Leases 1,574 1,574 20 1,501 6 6 Residential Real Estate 603 587 15 579 — — Installment and Other Consumer 615 615 78 586 — — $ 12,819 $ 12,891 $ 1,427 $ 10,066 $ 25 $ 25 Loans/leases, by classes of financing receivable, considered to be impaired as of and for the three months ended March 31, 2019 are presented as follows: Interest Income Average Recognized for Recorded Unpaid Principal Related Recorded Interest Income Cash Payments Classes of Loans/Leases Investment Balance Allowance Investment Recognized Received (dollars in thousands) Impaired Loans/Leases with No Specific Allowance Recorded: C&I $ 2,256 $ 2,300 $ — $ 2,124 $ 23 $ 23 CRE Owner-Occupied CRE 104 104 — 106 6 6 Commercial Construction, Land Development, and Other Land 500 500 — 503 7 7 Other Non Owner-Occupied CRE 1,675 1,675 — 1,687 22 22 Direct Financing Leases 1,948 1,948 — 2,011 11 11 Residential Real Estate 705 779 — 713 — — Installment and Other Consumer 778 778 — 770 3 3 $ 7,966 $ 8,084 $ — $ 7,914 $ 72 $ 72 Impaired Loans/Leases with Specific Allowance Recorded: C&I $ 2,045 $ 2,045 $ 841 $ 1,946 $ 9 $ 9 CRE Owner-Occupied CRE 289 646 33 297 — — Commercial Construction, Land Development, and Other Land 144 144 28 146 — — Other Non Owner-Occupied CRE 7,443 7,443 2,052 7,510 48 48 Direct Financing Leases 237 237 142 206 — — Residential Real Estate 988 988 236 915 1 1 Installment and Other Consumer 147 147 107 137 — — $ 11,293 $ 11,650 $ 3,439 $ 11,157 $ 58 $ 58 Total Impaired Loans/Leases: C&I $ 4,301 $ 4,345 $ 841 $ 4,070 $ 32 $ 32 CRE Owner-Occupied CRE 393 750 33 403 6 6 Commercial Construction, Land Development, and Other Land 644 644 28 649 7 7 Other Non Owner-Occupied CRE 9,118 9,118 2,052 9,197 70 70 Direct Financing Leases 2,185 2,185 142 2,217 11 11 Residential Real Estate 1,693 1,767 236 1,628 1 1 Installment and Other Consumer 925 925 107 907 3 3 $ 19,259 $ 19,734 $ 3,439 $ 19,071 $ 130 $ 130 Loans/leases, by classes of financing receivable, considered to be impaired as of December 31, 2019 are presented as follows: Unpaid Recorded Principal Related Classes of Loans/Leases Investment Balance Allowance (dollars in thousands) Impaired Loans/Leases with No Specific Allowance Recorded: C&I $ 1,607 $ 1,647 $ — CRE Owner-Occupied CRE 34 50 — Commercial Construction, Land Development, and Other Land — — — Other Non Owner-Occupied CRE 684 686 — Direct Financing Leases 1,642 1,642 — Residential Real Estate 469 614 — Installment and Other Consumer 476 476 — $ 4,912 $ 5,115 $ — Impaired Loans/Leases with Specific Allowance Recorded: C&I $ 239 $ 239 $ 170 CRE Owner-Occupied CRE — — — Commercial Construction, Land Development, and Other Land — — — Other Non Owner-Occupied CRE 2,867 2,867 125 Direct Financing Leases 383 383 270 Residential Real Estate 180 180 15 Installment and Other Consumer 80 80 80 $ 3,749 $ 3,749 $ 660 Total Impaired Loans/Leases: C&I $ 1,846 $ 1,886 $ 170 CRE Owner-Occupied CRE 34 50 — Commercial Construction, Land Development, and Other Land — — — Other Non Owner-Occupied CRE 3,551 3,553 125 Direct Financing Leases 2,025 2,025 270 Residential Real Estate 649 794 15 Installment and Other Consumer 556 556 80 $ 8,661 $ 8,864 $ 660 Impaired loans/leases for which no allowance has been provided have adequate collateral, based on management’s current estimates. For C&I and CRE loans, the Company’s credit quality indicator consists of 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 certain C&I loans (equipment financing agreements), 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 March 31, 2020 and December 31, 2019: As of March 31, 2020 CRE Non-Owner Occupied Commercial Construction, Land Owner-Occupied Development, As a % of Internally Assigned Risk Rating C&I CRE and Other Land Other CRE Total Total (dollars in thousands) Pass (Ratings 1 through 5) $ 1,309,540 $ 449,463 $ 408,341 $ 884,112 $ 3,051,456 97.72 % Special Mention (Rating 6) 11,805 3,665 722 18,546 34,738 1.11 % Substandard (Rating 7) 18,375 1,827 1,320 15,090 36,612 1.17 % Doubtful (Rating 8) — — — — — — % $ 1,339,720 $ 454,955 $ 410,383 $ 917,748 $ 3,122,806 100.00 % As of March 31, 2020 Direct Financing Residential Real Installment and As a % of Delinquency Status * C&I Leases Estate Other Consumer Total Total (dollars in thousands) Performing $ 144,148 $ 81,973 $ 237,002 $ 106,000 $ 569,123 99.31 % Nonperforming 1,111 1,351 740 728 3,930 0.69 % $ 145,259 $ 83,324 $ 237,742 $ 106,728 $ 573,053 100.00 % As of December 31, 2019 CRE Non-Owner Occupied Commercial Construction, Land Owner-Occupied Development, As a % of Internally Assigned Risk Rating C&I CRE and Other Land Other CRE Total Total (dollars in thousands) Pass (Ratings 1 through 5) $ 1,334,446 $ 439,418 $ 378,572 $ 896,206 $ 3,048,642 98.28 % Special Mention (Rating 6) 12,962 3,044 41 3,905 19,952 0.65 % Substandard (Rating 7) 18,439 1,527 184 13,499 33,649 1.09 % Doubtful (Rating 8) — — — — — 0.01 % $ 1,365,847 $ 443,989 $ 378,797 $ 913,610 $ 3,102,243 100.00 % As of December 31, 2019 Direct Financing Residential Real Installment and As a % of Delinquency Status * C&I Leases Estate Other Consumer Total Total (dollars in thousands) Performing $ 140,992 $ 86,019 $ 239,198 $ 108,763 $ 574,972 99.29 % Nonperforming 986 1,850 706 589 4,131 0.71 % $ 141,978 $ 87,869 $ 239,904 $ 109,352 $ 579,103 100.00 % * Performing = loans/leases accruing and less than 90 days past due. Nonperforming = loans/leases on nonaccrual, accruing loans/leases that are greater than or equal to 90 days past due, and accruing TDRs. As of March 31,2020 and December 31, 2019, TDRs totaled $843 thousand and $1.7 million, respectively. For each class of financing receivable, the following presents the number and recorded investment of TDRs, by type of concession, that were restructured during the three months ended March 31, 2020 and 2019. 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 March 31, 2020 Pre- Post- Modification Modification Number of Recorded Recorded Specific Classes of Loans/Leases Loans / Leases Investment Investment Allowance CONCESSION - Significant Payment Delay C&I 2 $ 111 $ 111 $ — Direct Financing Leases 1 68 68 — 3 $ 179 $ 179 $ — For the three months ended March 31, 2019 Pre- Post- Modification Modification Number of Recorded Recorded Specific Classes of Loans/Leases Loans / Leases Investment Investment Allowance CONCESSION - Significant Payment Delay Direct Financing Leases 4 122 122 — 4 $ 122 $ 122 $ — Of the loans restructured during the three months ended March 31, 2020 and 2019, none were on nonaccrual. For the three months ended March 31, 2020, one of the Company's TDRs redefaulted within 12 months subsequent to restructure, where default is defined as delinquency of 90 days or more and/or placement on nonaccrual status. This TDR was related to one customer whose lease was restructured in the fourth quarter of 2019 with pre-modification balances totaling $55 thousand. For the three months ended March 31, 2019, none of the Company's TDRs redefaulted within 12 months subsequent to restructure, where default is defined as delinquency of 90 days or more and/or placement on nonaccrual status. Not included in the table above, the Company had four TDRs that were restructured and charged off for the three months ended March 31, 2020, totaling $296 thousand. The Company had two TDRs that were restructured and charged off for the three months ended March 31, 2019, totaling $56 thousand. On March 22, 2020, federal banking regulators issued an interagency statement that included guidance on their approach for the accounting of loan modifications in light of the economic impact of the COVID-19 pandemic. The guidance interprets current accounting standards and indicates that a lender can conclude that a borrower is not experiencing financial difficulty if short-term modifications are made in response to COVID-19, such as payment deferrals, fee waivers, extensions of repayment terms or other delays in payment that are insignificant related to the loans in which the borrower is less than 30 days past due on its contractual payments at the time a modification program is implemented. The agencies confirmed in working with the staff of the FASB that short-term modifications made on a good faith basis in response to COVID-19 to borrowers who were current prior to any relief are not TDRs.

NOTE 4 - DERIVATIVES AND HEDGIN

NOTE 4 - DERIVATIVES AND HEDGING ACTIVITIES	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
DERIVATIVES AND HEDGING ACTIVITIES	NOTE 4 – DERIVATIVES The Company uses interest rate swap and cap instruments to manage interest rate risk related to the variability of interest payments due to changes in interest rates. The Company entered into interest rate caps in December 2019 to hedge against the risk of rising interest rates on liabilities. The liabilities consist of $375.0 million of deposits and the benchmark rates hedged vary at 1-month LIBOR, 3-month LIBOR and Prime. The interest rate caps are designated as cash flow hedges in accordance with ASC 815. An initial premium of $4.3 million was paid upfront for the caps executed in 2019. The details of the interest rate caps are as follows: Balance Sheet Fair Value as of Hedged Item Effective Date Maturity Date Location Notional Amount Strike Rate March 31, 2020 December 31, 2019 (dollars in thousands) Deposits 1/1/2020 1/1/2023 Other Assets $ % $ 18 $ 112 Deposits 1/1/2020 1/1/2023 Other Assets 35 218 Deposits 1/1/2020 1/1/2023 Other Assets 16 96 Deposits 1/1/2020 1/1/2023 Other Assets 17 109 Deposits 1/1/2020 1/1/2024 Other Assets 47 214 Deposits 1/1/2020 1/1/2024 Other Assets 85 401 Deposits 2/1/2020 2/1/2024 Other Assets 44 202 Deposits 1/1/2020 1/1/2024 Other Assets 42 201 Deposits 1/1/2020 1/1/2025 Other Assets 94 337 Deposits 1/1/2020 1/1/2025 Other Assets 171 617 Deposits 3/1/2020 3/1/2025 Other Assets 94 332 Deposits 1/1/2020 1/1/2025 Other Assets 86 309 $ $ 749 $ 3,148 The Company has entered into interest rate swaps to hedge against the risk of rising rates on its rolling fixed rate short-term FHLB advances or brokered CDs and its variable rate trust preferred securities. All of the interest rate swaps are designated as cash flow hedges in accordance with ASC 815. The details of the interest rate swaps are as follows: Balance Sheet Fair Value as of Hedged Item Effective Date Maturity Date Location Notional Amount Receive Rate Pay Rate March 31, 2020 December 31, 2019 (dollars in thousands) CRBT - FHLB Advances or Brokered CDs 3/16/2020 3/16/2023 Derivatives - Liabilities $ 0.89 % % $ (644) $ - SFCB - FHLB Advances or Brokered CDs 3/16/2020 3/16/2023 Derivatives - Liabilities 0.74 % % (162) $ - QCR Holdings Statutory Trust II 9/30/2018 9/30/2028 Derivatives - Liabilities 4.30 % % (1,992) $ (971) QCR Holdings Statutory Trust III 9/30/2018 9/30/2028 Derivatives - Liabilities 4.30 % % (1,594) (777) QCR Holdings Statutory Trust V 7/7/2018 7/7/2028 Derivatives - Liabilities 3.54 % % (1,935) (944) Community National Statutory Trust II 9/20/2018 9/20/2028 Derivatives - Liabilities 3.29 % % (597) (291) Community National Statutory Trust III 9/15//2018 9/15/2028 Derivatives - Liabilities 2.49 % % (698) (339) Guaranty Bankshares Statutory Trust I 9/15/2018 9/15/2028 Derivatives - Liabilities 2.49 % % (898) (436) $ 3.66 % % $ (8,520) $ (3,758) Changes in fair values of derivative financial instruments accounted for as cash flow hedges, to the extent that they are included in the assessment of effectiveness, are recorded as a component of AOCI. The Company has also entered into interest rate swap contracts that are not designated as hedging instruments. These derivative contracts relate to transactions in which the Company enters into an interest rate swap with a customer while at the same time entering into an equal and offsetting interest rate swap with a third party financial institution. Additionally, the Company receives an upfront fee from the counterparty, dependent upon the pricing that is recognized upon receipt from the counterparty. Because the Company acts as an intermediary for the customer, changes in the fair value of the underlying derivative contracts, for the most part, offset each other and do not significantly impact the Company’s results of operations. The Company may be exposed to credit risk in the event of non-performance by the counterparties to its interest rate derivative agreements. The Company assesses the credit risk of its financial institution counterparties by monitoring publicly available credit rating and financial information. Additionally, the Company enters into interest rate derivatives only with primary and highly rated counterparties, and uses ISDA master agreements, central clearing mechanisms and counterparty limits. The ISDA master agreements contain bilateral collateral agreements with the amount of collateral to be posted generally governed by the settlement value of outstanding swaps. The Company manages the risk of default by its borrower counterparties through its normal loan underwriting and credit monitoring policies and procedures. The Company does not currently anticipate any losses from failure of interest rate derivative counterparties to honor their obligations. Interest rate swaps that are not designated as hedging instruments are summarized as follows: March 31, 2020 December 31, 2019 Notional Amount Estimated Fair Value Notional Amount Estimated Fair Value (dollars in thousands) Non-Hedging Interest Rate Derivatives Assets: Interest rate swap contracts $ 915,109 $ 195,224 $ $ Non-Hedging Interest Rate Derivatives Liabilities: Interest rate swap contracts $ 915,109 $ 195,224 $ $ Swap fee income totaled $6.8 million and $3.2 million for the three months ended March 31, 2020 and 2019, respectively. Swap fee income totaled $28.3 million for the year ended December 31, 2019.

NOTE 5 - EARNINGS PER SHARE

NOTE 5 - EARNINGS PER SHARE	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
EARNINGS PER SHARE	NOTE 5 - EARNINGS PER SHARE The following information was used in the computation of EPS on a basic and diluted basis: Three months ended March 31, 2020 2019 Net income $ 11,228 $ 12,918 Basic EPS $ 0.71 $ 0.82 Diluted EPS $ 0.70 $ 0.81 Weighted average common shares outstanding 15,796,796 15,693,345 Weighted average common shares issuable upon exercise of stock options and under the employee stock purchase plan 214,660 229,595 Weighted average common and common equivalent shares outstanding 16,011,456 15,922,940

NOTE 6 - FAIR VALUE

NOTE 6 - FAIR VALUE	3 Months Ended
	Mar. 31, 2020
FAIR VALUE
FAIR VALUE	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 and liabilities measured at fair value on a recurring basis comprise the following at March 31, 2020 and December 31, 2019: 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) (dollars in thousands) March 31, 2020: Securities AFS: U.S. govt. sponsored agency securities $ 19,457 $ — $ 19,457 $ — Residential mortgage-backed and related securities 122,853 — 122,853 — Municipal securities 63,431 — 63,431 — Asset-backed securities 28,499 28,499 Other securities 19,048 — 19,048 — Derivatives 195,973 — 195,973 — Total assets measured at fair value $ 449,261 $ — $ 449,261 $ — Derivatives $ 203,744 $ — $ 203,744 $ — Total liabilities measured at fair value $ 203,744 $ — $ 203,744 $ — December 31, 2019: Securities AFS: U.S. govt. sponsored agency securities $ 20,078 $ — $ 20,078 $ — Residential mortgage-backed and related securities 120,587 — 120,587 — Municipal securities 48,257 — 48,257 — Asset-backed securities 16,887 16,887 Other securities 4,886 — 4,886 — Derivatives 87,827 — 87,827 — Total assets measured at fair value $ 298,522 $ — $ 298,522 $ — Derivatives $ 88,437 $ — $ 88,437 $ — Total liabilities measured at fair value $ 88,437 $ — $ 88,437 $ — The securities AFS 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). Interest rate caps are used for the purpose of hedging interest rate risk. The interest rate caps are further described in Note 4 to the Consolidated Financial Statements. The fair values are determined by pricing models that consider observable market data for derivative instruments with similar structures (Level 2 inputs). Interest rate swaps are executed for select commercial customers. The interest rate swaps are further described in Note 4 to the Consolidated Financial Statements. The fair values are determined by comparing the contract rate on the swap with the then-current market rate for the remaining term of the transaction (Level 2 inputs). Interest rate swaps are also used for the purpose of hedging interest rate risk on FHLB advances, brokered deposits and junior subordinated debt. The interest rate swaps are further described in Note 4 to the Consolidated Financial Statements. The fair values are determined by comparing the contract rate on the swap with the then-current market rate for the remaining term of the transaction (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 March 31, 2020 and December 31, 2019: 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 (dollars in thousands) March 31, 2020: Impaired loans/leases $ 6,062 $ — $ — $ 6,062 OREO 3,562 — — 3,562 $ 9,624 $ — $ — $ 9,624 December 31, 2019: Impaired loans/leases $ 3,394 $ — $ — $ 3,394 OREO 4,459 — — 4,459 $ 7,853 $ — $ — $ 7,853 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 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 client and client's business. OREO 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 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: Quantitative Information about Level Fair Value Measurements Fair Value Fair Value March 31, December 31, 2020 2019 Valuation Technique Unobservable Input Range (dollars in thousands) Impaired loans/leases $ 6,062 $ 3,394 Appraisal of collateral Appraisal adjustments % to % OREO 3,562 4,459 Appraisal of collateral Appraisal adjustments % to % For the impaired loans/leases and OREO, 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 or liabilities measured at fair value during the three months ended March 31, 2020 and 2019. 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 March 31, 2020 As of December 31, 2019 Hierarchy Carrying Estimated Carrying Estimated Level Value Fair Value Value Fair Value (dollars in thousands) Cash and due from banks Level 1 $ 169,827 $ 169,827 $ 76,254 $ 76,254 Federal funds sold Level 2 4,695 4,695 9,800 9,800 Interest-bearing deposits at financial institutions Level 2 202,013 202,013 147,891 147,891 Investment securities: HTM Level 2 431,283 450,401 400,646 426,545 AFS * 253,288 253,288 210,695 210,695 Loans/leases receivable, net Level 3 5,613 6,062 3,143 3,394 Loans/leases receivable, net Level 2 3,656,822 3,624,689 3,651,061 3,606,520 Derivatives Level 2 195,973 195,973 87,827 87,827 Deposits: Nonmaturity deposits Level 2 3,292,795 3,292,795 3,184,726 3,184,726 Time deposits Level 2 877,683 887,294 726,325 742,444 Short-term borrowings Level 2 43,067 43,067 13,423 13,423 FHLB advances Level 2 95,000 96,515 159,300 159,193 Subordinated notes Level 2 68,455 68,673 68,394 68,563 Junior subordinated debentures Level 2 37,877 30,541 37,838 30,477 Derivatives Level 2 203,744 203,744 88,437 88,437 *See previous table in Note 2 .

NOTE 7 - BUSINESS SEGMENT INFOR

NOTE 7 - BUSINESS SEGMENT INFORMATION	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
BUSINESS SEGMENT INFORMATION	NOTE 7 – BUSINESS SEGMENT INFORMATION Selected financial and descriptive information is required to be disclosed for reportable operating segments, applying a “management perspective” as the basis for identifying reportable segments. The management perspective is determined by the view that management takes of the segments within the Company when making operating decisions, allocating resources, and measuring performance. The segments of the Company have been defined by the structure of the Company's internal organization, focusing on the financial information that the Company's operating decision-makers routinely use to make decisions about operating matters. The Company's primary segment, Commercial Banking, is geographically divided by markets into the secondary segments comprised of the four held for investment subsidiary banks wholly owned by the Company: QCBT, CRBT, CSB, and SFC Bank. 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, asset management, investment management and advisory services offered at the Company's subsidiary banks and the Bates Companies 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 corporate operations of the parent and operations of all other consolidated subsidiaries and/or defined operating segments that fall below the segment reporting thresholds. The financial results for RB&T prior to the sale of the majority of its assets and liabilities at November 30, 2019 are also included in the Company’s All Other Segment as are the assets held for sale at March 31, 2020. Selected financial information on the Company's business segments is presented as follows as of and for the three months ended March 31, 2020 and 2019. Commercial Banking Wealth Intercompany Consolidated QCBT CRBT CSB SFC Bank Management All other Eliminations Total (dollars in thousands) Three Months Ended March 31, 2020 Total revenue $ 19,499 $ 21,995 $ 10,051 $ 8,691 $ 4,039 $ 15,618 $ (15,715) $ 64,178 Net interest income 14,428 11,386 7,500 5,642 — (1,488) 230 37,698 Provision 3,183 2,250 1,964 970 — — — 8,367 Net income (loss) from continuing operations 4,903 6,377 1,038 2,207 821 11,137 (15,255) 11,228 Goodwill 3,223 14,980 9,888 45,975 — 182 — 74,248 Intangibles — 2,560 3,812 6,573 — 1,476 — 14,421 Total assets 1,914,785 1,719,773 863,903 708,735 — 695,511 (670,632) 5,232,075 Three Months Ended March 31, 2019 Total revenue $ 18,544 $ 19,244 $ 9,270 $ 7,288 $ 4,229 $ 20,178 $ (14,658) $ 64,095 Net interest income 12,139 10,407 6,966 5,227 — 2,169 — 36,908 Credit loss expense 1,020 425 150 500 — 39 — 2,134 Net income (loss) 4,185 5,100 2,157 1,653 1,158 13,115 (14,450) 12,918 Goodwill 3,223 14,980 9,888 45,975 — 3,806 — 77,872 Intangibles — 3,061 4,501 7,501 — 1,855 — 16,918 Total assets 1,660,374 1,446,637 785,076 638,542 — 1,137,465 (601,432) 5,066,662

NOTE 8 - REGULATORY CAPITAL REQ

NOTE 8 - REGULATORY CAPITAL REQUIREMENTS	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
REGULATORY CAPITAL REQUIREMENTS	NOTE 8 – REGULATORY CAPITAL REQUIREMENTS The Company (on a consolidated basis) and the subsidiary banks are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company and subsidiary banks' financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and the subsidiary banks must meet specific capital guidelines that involve quantitative measures of their assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Quantitative measures established by regulation to ensure capital adequacy require the Company and the subsidiary banks to maintain minimum amounts and ratios (set forth in the following table) of total common equity Tier 1 and Tier 1 capital to risk-weighted assets and of Tier 1 capital to average assets, each as defined by regulation. Management believes, as of March 31, 2020 and December 31, 2019, that the Company and the subsidiary banks met all capital adequacy requirements to which they are subject. Under the regulatory framework for prompt corrective action, to be categorized as “well capitalized,” an institution must maintain minimum total risk-based, Tier 1 risk-based, Tier 1 leverage and common equity Tier 1 ratios as set forth in the following tables. The Company and the subsidiary banks' actual capital amounts and ratios as of March 31, 2020 and December 31, 2019 are presented in the following table (dollars in thousands). As of March 31, 2020 and December 31, 2019, each of the subsidiary banks met the requirements to be “well capitalized”. For Capital To Be Well Adequacy Purposes Capitalized Under For Capital With Capital Prompt Corrective Actual Adequacy Purposes Conservation Buffer Action Provisions Amount Ratio Amount Ratio Amount Ratio Amount Ratio As of March 31, 2020: Company: Total risk-based capital $ 601,259 13.54 % $ 355,226 > 8.00 % $ 466,233 > 10.50 % $ 444,032 > 10.00 % Tier 1 risk-based capital 495,455 11.16 266,419 > 6.00 377,427 > 8.50 355,226 > 8.00 Tier 1 leverage 495,455 10.19 194,477 > 4.00 194,477 > 4.00 243,097 > 5.00 Common equity Tier 1 457,578 10.31 199,814 > 4.50 310,822 > 7.00 288,621 > 6.50 Quad City Bank & Trust: Total risk-based capital $ 191,590 12.03 % $ 127,429 > 8.00 % $ 167,251 > 10.50 % $ 159,287 > 10.00 % Tier 1 risk-based capital 175,861 11.04 95,572 > 6.00 135,394 > 8.50 127,429 > 8.00 Tier 1 leverage 175,861 10.07 69,825 > 4.00 69,825 > 4.00 87,282 > 5.00 Common equity Tier 1 175,861 11.04 71,679 > 4.50 111,501 > 7.00 103,536 > 6.50 Cedar Rapids Bank & Trust: Total risk-based capital $ 184,319 12.21 % $ 120,785 > 8.00 % $ 158,531 > 10.50 % $ 150,982 > 10.00 % Tier 1 risk-based capital 168,693 11.17 90,589 > 6.00 128,334 > 8.50 120,785 > 8.00 Tier 1 leverage 168,693 10.53 64,084 > 4.00 64,084 > 4.00 80,105 > 5.00 Common equity Tier 1 168,693 11.17 67,942 > 4.50 105,687 > 7.00 98,138 > 6.50 Community State Bank: Total risk-based capital $ 94,289 12.59 % $ 59,930 > 8.00 % $ 78,658 > 10.50 % $ 74,912 > 10.00 % Tier 1 risk-based capital 86,636 11.57 44,947 > 6.00 63,675 > 8.50 59,930 > 8.00 Tier 1 leverage 86,636 10.25 33,808 > 4.00 33,808 > 4.00 42,261 > 5.00 Common equity Tier 1 86,636 11.57 33,710 > 4.50 52,439 > 7.00 48,693 > 6.50 Springfield First Community Bank: Total risk-based capital $ 74,501 12.49 % $ 47,723 > 8.00 % $ 62,636 > 10.50 % $ 59,654 > 10.00 % Tier 1 risk-based capital 66,392 11.13 35,792 > 6.00 50,706 > 8.50 47,723 > 8.00 Tier 1 leverage 66,392 10.43 25,470 > 4.00 25,470 > 4.00 31,838 > 5.00 Common equity Tier 1 66,392 11.13 26,844 > 4.50 41,758 > 7.00 38,775 > 6.50 For Capital To Be Well Adequacy Purposes Capitalized Under For Capital With Capital Prompt Corrective Actual Adequacy Purposes Conservation Buffer Action Provisions Amount Ratio Amount Ratio Amount Ratio Amount Ratio As of December 31, 2019: Company: Total risk-based capital $ 581,234 13.33 % $ 348,937 > 8.00 % $ 457,980 > 10.500 % $ 436,171 > 10.00 % Tier 1 risk-based capital 481,702 11.04 261,703 > 6.00 370,746 > 8.500 348,937 > 8.00 Tier 1 leverage 481,702 9.53 202,207 > 4.00 202,207 > 4.000 252,758 > 5.00 Common equity Tier 1 443,864 10.18 196,277 > 4.50 305,320 > 7.000 283,511 > 6.50 Quad City Bank & Trust: Total risk-based capital $ 183,855 11.83 % $ 124,362 > 8.00 % $ 163,225 > 10.500 % $ 155,452 > 10.00 % Tier 1 risk-based capital 170,137 10.94 93,271 > 6.00 132,134 > 8.500 124,362 > 8.00 Tier 1 leverage 170,137 9.94 68,479 > 4.00 68,479 > 4.000 85,598 > 5.00 Common equity Tier 1 170,137 10.94 69,953 > 4.50 108,817 > 7.000 101,044 > 6.50 Cedar Rapids Bank & Trust: Total risk-based capital $ 175,498 11.90 % $ 117,953 > 8.00 % $ 154,813 > 10.500 % $ 147,441 > 10.00 % Tier 1 risk-based capital 162,127 11.00 88,465 > 6.00 125,325 > 8.500 117,953 > 8.00 Tier 1 leverage 162,127 10.41 62,286 > 4.00 62,286 > 4.000 77,857 > 5.00 Common equity Tier 1 162,127 11.00 66,349 > 4.50 103,209 > 7.000 95,837 > 6.50 Community State Bank: Total risk-based capital $ 92,095 12.32 % $ 59,813 > 8.00 % $ 78,504 > 10.500 % $ 74,766 > 10.00 % Tier 1 risk-based capital 85,437 11.43 44,860 > 6.00 63,551 > 8.500 59,813 > 8.00 Tier 1 leverage 85,437 10.39 32,902 > 4.00 32,902 > 4.000 41,128 > 5.00 Common equity Tier 1 85,437 11.43 33,645 > 4.50 52,336 > 7.000 48,598 > 6.50 Springfield First Community Bank: Total risk-based capital $ 71,074 12.72 % $ 44,704 > 8.00 % $ 58,674 > 10.500 % $ 55,880 > 10.00 % Tier 1 risk-based capital 63,956 11.45 33,528 > 6.00 47,498 > 8.500 44,704 > 8.00 Tier 1 leverage 63,956 9.70 26,379 > 4.00 26,379 > 4.000 32,974 > 5.00 Common equity Tier 1 63,956 11.45 25,146 > 4.50 39,116 > 7.000 36,322 > 6.50

Note 9 - SUBSEQUENT EVENT

Note 9 - SUBSEQUENT EVENT	3 Months Ended
	Mar. 31, 2020
SUBSEQUENT EVENTS - ACQUISITIONS
Subsequent Event	NOTE 9 – SUB On April 2, 2020, the Company entered into a stock purchase agreement to sell all the issued and outstanding capital stock of the Bates Companies. The aggregate consideration to be paid to the Company shall be an amount equal to $500,000 plus cancellation of all future amounts otherwise to become payable to the purchaser by the Company under an earn-out agreement entered into between the same parties in 2018 with a non-discounted value of approximately $1.6 million at March 31, 2020. This transaction is subject to regulatory approval and is expected to close late in the second quarter of 2020. Goodwill impairment related to the execution of the agreement to sell the Bates Companies was $500,000 in the first quarter of 2020.

NOTE 1 - SUMMARY OF SIGNIFICA_2

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2020
Accounting Policies
Basis of presentation	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, 2019, included in the Company's Annual Report on Form 10‑K filed with the SEC on March 13, 2020. 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 GAAP 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 March 31, 2020 are not necessarily indicative of the results expected for the year ending December 31, 2020, or for any other period. The acronyms and abbreviations identified below are used throughout this Quarterly Report on Form 10‑Q. It may be helpful to refer back to this page as you read this report. Allowance: Allowance for estimated losses on loans/leases Guaranty: Guaranty Bancshares, Ltd. AOCI: Accumulated other comprehensive income (loss) Guaranty Bank: Guaranty Bank and Trust Company AFS: Available for sale HTM: Held to maturity ASC: Accounting Standards Codification IB&T: Illinois Bank & Trust ASU: Accounting Standards Update m2: m2 Lease Funds, LLC Bates Companies: Bates Financial Advisors, Inc., Bates MSELF: Main Street Expanded Loan Facility Financial Services, Inc., Bates Securities, Inc. and MSNLF: Main Street New Loan Facility Bates Financial Group, Inc. NIM: Net interest margin BOLI: Bank-owned life insurance NPA: Nonperforming asset Caps: Interest rate cap derivatives NPL: Nonperforming loan CARES Act: Coronavirus Aid, Relief and Economy OREO: Other real estate owned Security Act OTTI: Other-than-temporary impairment CDI: Core deposit intangible PCI: Purchased credit impaired CECL: Current Expected Credit Losses PPP: Paycheck Protection Program Community National: Community National Bancorporation Provision: Provision for loan/lease losses COVID-19: Coronavirus Disease 2019 QCBT: Quad City Bank & Trust Company CRBT: Cedar Rapids Bank & Trust Company RB&T: Rockford Bank & Trust Company CRE: Commercial real estate ROAA: Return on Average Assets CSB: Community State Bank SBA: U.S. Small Business Administration C&I: Commercial and industrial SEC: Securities and Exchange Commission EPS: Earnings per share SFC Bank: Springfield First Community Bank Exchange Act: Securities Exchange Act of 1934, as Springfield Bancshares: Springfield Bancshares, Inc. amended TA: Tangible assets FASB: Financial Accounting Standards Board TCE: Tangible common equity FDIC: Federal Deposit Insurance Corporation TDRs: Troubled debt restructurings FHLB: Federal Home Loan Bank TEY: Tax equivalent yield FRB: Federal Reserve Bank of Chicago The Company: QCR Holdings, Inc. GAAP: Generally Accepted Accounting Principles USDA: U.S. Department of Agriculture

NOTE 2 - INVESTMENT SECURITIES

NOTE 2 - INVESTMENT SECURITIES (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Amortized cost and fair value of investment securities	Gross Gross Amortized Unrealized Unrealized Fair Cost Gains (Losses) Value (dollars in thousands) March 31, 2020: Securities HTM: Municipal securities $ 430,233 $ 21,886 $ (2,768) $ 449,351 Other securities 1,050 — — 1,050 $ 431,283 $ 21,886 $ (2,768) $ 450,401 Securities AFS: U.S. govt. sponsored agency securities $ 18,998 $ 502 $ (43) $ 19,457 Residential mortgage-backed and related securities 116,768 6,149 (64) 122,853 Municipal securities 61,432 2,004 (5) 63,431 Asset-backed securities 31,076 — (2,577) 28,499 Other securities 18,800 252 (4) 19,048 $ 247,074 $ 8,907 $ (2,693) $ 253,288 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains (Losses) Value (dollars in thousands) December 31, 2019: Securities HTM: Municipal securities $ 399,596 $ 26,042 $ (143) $ 425,495 Other securities 1,050 — — 1,050 $ 400,646 $ 26,042 $ (143) $ 426,545 Securities AFS: U.S. govt. sponsored agency securities $ 19,872 $ 283 $ (77) $ 20,078 Residential mortgage-backed and related securities 118,724 2,045 (182) 120,587 Municipal securities 46,659 1,602 (4) 48,257 Asset-backed securities 16,958 — (71) 16,887 Other securities 4,749 138 (1) 4,886 $ 206,962 $ 4,068 $ (335) $ 210,695
Securities have been in a continuous unrealized loss position	Less than 12 Months 12 Months or More Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (dollars in thousands) March 31, 2020: Securities HTM: Municipal securities $ 52,609 $ (2,762) $ 531 $ (6) $ 53,140 $ (2,768) Other securities 1,050 — — — 1,050 — $ 53,659 $ (2,762) $ 531 $ (6) $ 54,190 $ (2,768) Securities AFS: U.S. govt. sponsored agency securities $ 1,449 $ (2) $ 1,920 $ (41) $ 3,369 $ (43) Residential mortgage-backed and related securities 2,509 (14) 1,875 (50) 4,384 (64) Municipal securities 386 (1) 336 (4) 722 (5) Asset-backed securities 23,752 (2,577) — — 23,752 (2,577) Other securities 246 (4) — — 246 (4) $ 28,342 $ (2,598) $ 4,131 $ (95) $ 32,473 $ (2,693) Less than 12 Months 12 Months or More Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (dollars in thousands) December 31, 2019: Securities HTM: Municipal securities $ 509 $ (1) $ 10,047 $ (142) $ 10,556 $ (143) Other securities 550 — — — 550 — $ 1,059 $ (1) $ 10,047 $ (142) $ 11,106 $ (143) Securities AFS: U.S. govt. sponsored agency securities $ 1,431 $ (21) $ 2,117 $ (56) $ 3,548 $ (77) Residential mortgage-backed and related securities 2,263 (17) 17,862 (165) 20,125 (182) Municipal securities — — 724 (4) 724 (4) Asset-backed securities 16,886 (71) — — 16,886 (71) Other securities 249 (1) — — 249 (1) $ 20,829 $ (110) $ 20,703 $ (225) $ 41,532 $ (335)
Investments classified by maturity date	Amortized Cost Fair Value (dollars in thousands) Securities HTM: Due in one year or less $ 3,016 $ 3,023 Due after one year through five years 34,967 35,545 Due after five years 393,300 411,833 $ 431,283 $ 450,401 Securities AFS: Due in one year or less $ 1,370 $ 1,387 Due after one year through five years 15,804 16,131 Due after five years 82,056 84,418 99,230 101,936 Residential mortgage-backed and related securities 116,768 122,853 Asset-backed securities 31,076 28,499 $ 247,074 $ 253,288
Schedule of investment in callable securities	Amortized Cost Fair Value (dollars in thousands) Securities HTM: Municipal securities $ 199,843 $ 201,706 Securities AFS: Municipal securities 47,044 48,483 Other securities 18,550 18,802 $ 65,594 $ 67,285

NOTE 3 - LOANS_LEASES RECEIVA_2

NOTE 3 - LOANS/LEASES RECEIVABLE (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Composition of the loan/lease portfolio	2020 2019 (dollars in thousands) C&I loans* $ 1,484,979 $ 1,507,825 CRE loans Owner-occupied CRE 454,955 443,989 Commercial construction, land development, and other land 410,383 378,797 Other non owner-occupied CRE 917,748 913,610 1,783,086 1,736,396 Direct financing leases ** 83,324 87,869 Residential real estate loans *** 237,742 239,904 Installment and other consumer loans 106,728 109,352 3,695,859 3,681,346 Plus deferred loan/lease origination costs, net of fees 8,809 8,859 3,704,668 3,690,205 Less allowance (42,233) (36,001) $ 3,662,435 $ 3,654,204 ** Direct financing leases: Net minimum lease payments to be received $ 92,139 $ 97,025 Estimated unguaranteed residual values of leased assets 616 547 Unearned lease/residual income (9,431) (9,703) 83,324 87,869 Plus deferred lease origination costs, net of fees 1,649 1,892 84,973 89,761 Less allowance (1,303) (1,464) $ 83,670 $ 88,297 * Includes equipment financing agreements outstanding at m2, totaling $145.3 million and $142.0 million as of March 31, 2020 and December 31, 2019, respectively. ** 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, which is combined with 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. *** Includes residential real estate loans held for sale totaling $4.0 million and $3.7 million as of March 31, 2020 and December 31, 2019, respectively.
Changes in accretable yield for acquired loans	Three months ended March 31, 2020 PCI Performing Loans Loans Total Balance at the beginning of the period $ (57) $ (6,378) $ (6,435) Reclassification of nonaccretable discount to accretable (30) — (30) Accretion recognized 28 653 681 Balance at the end of the period $ (59) $ (5,725) $ (5,784) Three months ended March 31, 2019 PCI Performing Loans Loans Total Balance at the beginning of the period $ (667) $ (9,656) $ (10,323) Accretion recognized 348 826 1,174 Balance at the end of the period $ (319) $ (8,830) $ (9,149)
Aging of the loan/lease portfolio by classes of loans/leases	As of March 31, 2020 Accruing Past 30-59 Days 60-89 Days Due 90 Days or Nonaccrual Classes of Loans/Leases Current Past Due Past Due More Loans/Leases Total (dollars in thousands) C&I $ 1,479,395 $ 3,445 $ 612 $ — $ 1,527 $ 1,484,979 CRE Owner-Occupied CRE 454,670 — 186 — 99 454,955 Commercial Construction, Land Development, and Other Land 408,392 767 — 1,224 — 410,383 Other Non Owner-Occupied CRE 905,607 4,577 — — 7,564 917,748 Direct Financing Leases 81,459 487 213 — 1,165 83,324 Residential Real Estate 231,288 5,047 667 82 658 237,742 Installment and Other Consumer 105,677 319 4 113 615 106,728 $ 3,666,488 $ 14,642 $ 1,682 $ 1,419 $ 11,628 $ 3,695,859 As a percentage of total loan/lease portfolio 99.20 % 0.40 % 0.05 % 0.04 % 0.31 % 100.00 % As of December 31, 2019 Accruing Past 30-59 Days 60-89 Days Due 90 Days or Nonaccrual Classes of Loans/Leases Current Past Due Past Due More Loans/Leases Total (dollars in thousands) C&I $ 1,499,891 $ 6,126 $ 572 $ — $ 1,236 $ 1,507,825 CRE Owner-Occupied CRE 443,707 177 71 — 34 443,989 Commercial Construction, Land Development, and Other Land 375,940 2,857 — — — 378,797 Other Non Owner-Occupied CRE 909,684 73 — — 3,853 913,610 Direct Financing Leases 85,636 463 253 — 1,517 87,869 Residential Real Estate 235,845 2,939 414 — 706 239,904 Installment and Other Consumer 108,750 3 10 33 556 109,352 $ 3,659,453 $ 12,638 $ 1,320 $ 33 $ 7,902 $ 3,681,346 As a percentage of total loan/lease portfolio 99.41 % 0.34 % 0.04 % 0.00 % 0.21 % 100.00 %
NPLs by classes of loans/leases	As of March 31, 2020 Accruing Past Due 90 Days or Nonaccrual Percentage of Classes of Loans/Leases More Loans/Leases ** Accruing TDRs Total NPLs Total NPLs (dollars in thousands) C&I $ — $ 1,527 $ 359 $ 1,886 13.88 % CRE Owner-Occupied CRE — 99 — 99 0.73 % Commercial Construction, Land Development, and Other Land 1,224 — — 1,224 9.01 % Other Non Owner-Occupied CRE — 7,564 — 7,564 55.64 % Direct Financing Leases — 1,165 186 1,351 9.94 % Residential Real Estate 82 658 — 740 5.44 % Installment and Other Consumer 113 615 — 728 5.36 % $ 1,419 $ 11,628 $ 545 $ 13,592 100.00 % ** Nonaccrual loans/leases included $298 thousand of TDRs, including $50 thousand in commercial and industrial loans, $163 thousand in direct financing leases, $31 thousand in residential real estate loans, and $54 thousand in installment loans. As of December 31, 2019 Accruing Past Due 90 Days or Nonaccrual Percentage of Classes of Loans/Leases More Loans/Leases ** Accruing TDRs Total NPLs Total NPLs (dollars in thousands) C&I $ — $ 1,236 $ 646 $ 1,882 21.12 % CRE Owner-Occupied CRE — 34 — 34 0.38 % Commercial Construction, Land Development, and Other Land — — — — - % Other Non Owner-Occupied CRE — 3,853 — 3,853 43.22 % Direct Financing Leases — 1,517 333 1,850 20.75 % Residential Real Estate — 706 — 706 7.92 % Installment and Other Consumer 33 556 — 589 6.61 % $ 33 $ 7,902 $ 979 $ 8,914 100.00 % ** Nonaccrual loans/leases included $747 thousand of TDRs, including $98 thousand in C&I loans, $269 thousand in CRE loans, $294 thousand in direct financing leases, $31 thousand in residential real estate loans, and $55 thousand in installment loans.
Allowance for credit losses on financing receivables	Changes in the allowance by portfolio segment for the three months ended March 31, 2020 and 2019, respectively, are presented as follows: Three Months Ended March 31, 2020 Direct Financing Residential Real Installment and C&I CRE Leases Estate Other Consumer Total (dollars in thousands) Balance, beginning $ 16,072 $ 15,379 $ 1,464 $ 1,948 $ 1,138 $ 36,001 Provisions (credits) charged to expense 3,697 3,816 394 336 124 8,367 Loans/leases charged off (1,639) — (600) — (96) (2,335) Recoveries on loans/leases previously charged off 21 74 45 29 31 200 Balance, ending $ 18,151 $ 19,269 $ 1,303 $ 2,313 $ 1,197 $ 42,233 Three Months Ended March 31, 2019 Direct Financing Residential Real Installment and C&I CRE Leases Estate Other Consumer Total (dollars in thousands) Balance, beginning $ 16,420 $ 17,719 $ 1,792 $ 2,557 $ 1,359 $ 39,847 Provisions (credits) charged to expense 1,007 534 445 (18) 166 2,134 Loans/leases charged off (334) — (652) — (74) (1,060) Recoveries on loans/leases previously charged off 166 50 21 — 6 243 Balance, ending $ 17,259 $ 18,303 $ 1,606 $ 2,539 $ 1,457 $ 41,164 The allowance by impairment evaluation and by portfolio segment as of March 31, 2020 and December 31, 2019 is presented as follows: As of March 31, 2020 Direct Financing Residential Real Installment and C&I CRE Leases Estate Other Consumer Total (dollars in thousands) Allowance for impaired loans/leases $ 86 $ 1,228 $ 20 $ 15 $ 78 $ 1,427 Allowance for nonimpaired loans/leases 18,065 18,041 1,283 2,298 1,119 40,806 $ 18,151 $ 19,269 $ 1,303 $ 2,313 $ 1,197 $ 42,233 Impaired loans/leases $ 2,346 $ 7,681 $ 1,574 $ 603 $ 615 $ 12,819 Nonimpaired loans/leases 1,482,633 1,775,405 81,750 237,139 106,113 3,683,040 $ 1,484,979 $ 1,783,086 $ 83,324 $ 237,742 $ 106,728 $ 3,695,859 Allowance as a percentage of impaired loans/leases 3.67 % 15.99 % 1.27 % 2.49 % 12.68 % 11.13 % Allowance as a percentage of nonimpaired loans/leases 1.22 % 1.02 % 1.57 % 0.97 % 1.05 % 1.11 % Total allowance as a percentage of total loans/leases 1.22 % 1.08 % 1.56 % 0.97 % 1.12 % 1.14 % As of December 31, 2019 Direct Financing Residential Real Installment and C&I CRE Leases Estate Other Consumer Total (dollars in thousands) Allowance for impaired loans/leases $ 170 $ 125 $ 270 $ 15 $ 80 $ 660 Allowance for nonimpaired loans/leases 15,902 15,254 1,194 1,933 1,058 35,341 $ 16,072 $ 15,379 $ 1,464 $ 1,948 $ 1,138 $ 36,001 Impaired loans/leases $ 1,846 $ 3,585 $ 2,025 $ 649 $ 556 $ 8,661 Nonimpaired loans/leases 1,505,979 1,732,811 85,844 239,255 108,796 3,672,685 $ 1,507,825 $ 1,736,396 $ 87,869 $ 239,904 $ 109,352 $ 3,681,346 Allowance as a percentage of impaired loans/leases 9.21 % 3.49 % 13.33 % 2.31 % 14.41 % 7.62 % Allowance as a percentage of nonimpaired loans/leases 1.06 % 0.88 % 1.39 % 0.81 % 0.97 % 0.96 % Total allowance as a percentage of total loans/leases 1.07 % 0.89 % 1.67 % 0.81 % 1.04 % 0.98 %
Impaired financing receivables	Loans/leases, by classes of financing receivable, considered to be impaired as of and for the three months ended March 31, 2020 are presented as follows: 2020 Interest Income Average Recognized for Recorded Unpaid Principal Related Recorded Interest Income Cash Payments Classes of Loans/Leases Investment Balance Allowance Investment Recognized Received (dollars in thousands) Impaired Loans/Leases with No Specific Allowance Recorded: C&I $ 2,260 $ 2,332 $ — $ 1,895 $ 12 $ 12 CRE Owner-Occupied CRE 99 115 — 102 — — Commercial Construction, Land Development, and Other Land — — — — — — Other Non Owner-Occupied CRE 1,054 1,054 — 662 7 7 Direct Financing Leases 1,515 1,515 — 1,440 6 6 Residential Real Estate 423 407 — 399 — — Installment and Other Consumer 538 538 — 507 — — $ 5,889 $ 5,961 $ — $ 5,005 $ 25 $ 25 Impaired Loans/Leases with Specific Allowance Recorded: C&I $ 86 $ 86 $ 86 $ 43 $ — $ — CRE Owner-Occupied CRE — — — — — — Commercial Construction, Land Development, and Other Land — — — — — — Other Non Owner-Occupied CRE 6,528 6,528 1,228 4,698 — — Direct Financing Leases 59 59 20 61 — — Residential Real Estate 180 180 15 180 — — Installment and Other Consumer 77 77 78 79 — — $ 6,930 $ 6,930 $ 1,427 $ 5,061 $ — $ — Total Impaired Loans/Leases: C&I $ 2,346 $ 2,418 $ 86 $ 1,938 $ 12 $ 12 CRE Owner-Occupied CRE 99 115 — 102 — — Commercial Construction, Land Development, and Other Land — — — — — — Other Non Owner-Occupied CRE 7,582 7,582 1,228 5,360 7 7 Direct Financing Leases 1,574 1,574 20 1,501 6 6 Residential Real Estate 603 587 15 579 — — Installment and Other Consumer 615 615 78 586 — — $ 12,819 $ 12,891 $ 1,427 $ 10,066 $ 25 $ 25 Loans/leases, by classes of financing receivable, considered to be impaired as of and for the three months ended March 31, 2019 are presented as follows: Interest Income Average Recognized for Recorded Unpaid Principal Related Recorded Interest Income Cash Payments Classes of Loans/Leases Investment Balance Allowance Investment Recognized Received (dollars in thousands) Impaired Loans/Leases with No Specific Allowance Recorded: C&I $ 2,256 $ 2,300 $ — $ 2,124 $ 23 $ 23 CRE Owner-Occupied CRE 104 104 — 106 6 6 Commercial Construction, Land Development, and Other Land 500 500 — 503 7 7 Other Non Owner-Occupied CRE 1,675 1,675 — 1,687 22 22 Direct Financing Leases 1,948 1,948 — 2,011 11 11 Residential Real Estate 705 779 — 713 — — Installment and Other Consumer 778 778 — 770 3 3 $ 7,966 $ 8,084 $ — $ 7,914 $ 72 $ 72 Impaired Loans/Leases with Specific Allowance Recorded: C&I $ 2,045 $ 2,045 $ 841 $ 1,946 $ 9 $ 9 CRE Owner-Occupied CRE 289 646 33 297 — — Commercial Construction, Land Development, and Other Land 144 144 28 146 — — Other Non Owner-Occupied CRE 7,443 7,443 2,052 7,510 48 48 Direct Financing Leases 237 237 142 206 — — Residential Real Estate 988 988 236 915 1 1 Installment and Other Consumer 147 147 107 137 — — $ 11,293 $ 11,650 $ 3,439 $ 11,157 $ 58 $ 58 Total Impaired Loans/Leases: C&I $ 4,301 $ 4,345 $ 841 $ 4,070 $ 32 $ 32 CRE Owner-Occupied CRE 393 750 33 403 6 6 Commercial Construction, Land Development, and Other Land 644 644 28 649 7 7 Other Non Owner-Occupied CRE 9,118 9,118 2,052 9,197 70 70 Direct Financing Leases 2,185 2,185 142 2,217 11 11 Residential Real Estate 1,693 1,767 236 1,628 1 1 Installment and Other Consumer 925 925 107 907 3 3 $ 19,259 $ 19,734 $ 3,439 $ 19,071 $ 130 $ 130 Loans/leases, by classes of financing receivable, considered to be impaired as of December 31, 2019 are presented as follows: Unpaid Recorded Principal Related Classes of Loans/Leases Investment Balance Allowance (dollars in thousands) Impaired Loans/Leases with No Specific Allowance Recorded: C&I $ 1,607 $ 1,647 $ — CRE Owner-Occupied CRE 34 50 — Commercial Construction, Land Development, and Other Land — — — Other Non Owner-Occupied CRE 684 686 — Direct Financing Leases 1,642 1,642 — Residential Real Estate 469 614 — Installment and Other Consumer 476 476 — $ 4,912 $ 5,115 $ — Impaired Loans/Leases with Specific Allowance Recorded: C&I $ 239 $ 239 $ 170 CRE Owner-Occupied CRE — — — Commercial Construction, Land Development, and Other Land — — — Other Non Owner-Occupied CRE 2,867 2,867 125 Direct Financing Leases 383 383 270 Residential Real Estate 180 180 15 Installment and Other Consumer 80 80 80 $ 3,749 $ 3,749 $ 660 Total Impaired Loans/Leases: C&I $ 1,846 $ 1,886 $ 170 CRE Owner-Occupied CRE 34 50 — Commercial Construction, Land Development, and Other Land — — — Other Non Owner-Occupied CRE 3,551 3,553 125 Direct Financing Leases 2,025 2,025 270 Residential Real Estate 649 794 15 Installment and Other Consumer 556 556 80 $ 8,661 $ 8,864 $ 660
Financing receivable credit quality indicators	As of March 31, 2020 CRE Non-Owner Occupied Commercial Construction, Land Owner-Occupied Development, As a % of Internally Assigned Risk Rating C&I CRE and Other Land Other CRE Total Total (dollars in thousands) Pass (Ratings 1 through 5) $ 1,309,540 $ 449,463 $ 408,341 $ 884,112 $ 3,051,456 97.72 % Special Mention (Rating 6) 11,805 3,665 722 18,546 34,738 1.11 % Substandard (Rating 7) 18,375 1,827 1,320 15,090 36,612 1.17 % Doubtful (Rating 8) — — — — — — % $ 1,339,720 $ 454,955 $ 410,383 $ 917,748 $ 3,122,806 100.00 % As of December 31, 2019 CRE Non-Owner Occupied Commercial Construction, Land Owner-Occupied Development, As a % of Internally Assigned Risk Rating C&I CRE and Other Land Other CRE Total Total (dollars in thousands) Pass (Ratings 1 through 5) $ 1,334,446 $ 439,418 $ 378,572 $ 896,206 $ 3,048,642 98.28 % Special Mention (Rating 6) 12,962 3,044 41 3,905 19,952 0.65 % Substandard (Rating 7) 18,439 1,527 184 13,499 33,649 1.09 % Doubtful (Rating 8) — — — — — 0.01 % $ 1,365,847 $ 443,989 $ 378,797 $ 913,610 $ 3,102,243 100.00 %
Financing receivable credit quality indicators performance status	As of March 31, 2020 Direct Financing Residential Real Installment and As a % of Delinquency Status * C&I Leases Estate Other Consumer Total Total (dollars in thousands) Performing $ 144,148 $ 81,973 $ 237,002 $ 106,000 $ 569,123 99.31 % Nonperforming 1,111 1,351 740 728 3,930 0.69 % $ 145,259 $ 83,324 $ 237,742 $ 106,728 $ 573,053 100.00 % As of December 31, 2019 Direct Financing Residential Real Installment and As a % of Delinquency Status * C&I Leases Estate Other Consumer Total Total (dollars in thousands) Performing $ 140,992 $ 86,019 $ 239,198 $ 108,763 $ 574,972 99.29 % Nonperforming 986 1,850 706 589 4,131 0.71 % $ 141,978 $ 87,869 $ 239,904 $ 109,352 $ 579,103 100.00 %
Number and recorded investment of TDRs, by type of concession	For the three months ended March 31, 2020 Pre- Post- Modification Modification Number of Recorded Recorded Specific Classes of Loans/Leases Loans / Leases Investment Investment Allowance CONCESSION - Significant Payment Delay C&I 2 $ 111 $ 111 $ — Direct Financing Leases 1 68 68 — 3 $ 179 $ 179 $ — For the three months ended March 31, 2019 Pre- Post- Modification Modification Number of Recorded Recorded Specific Classes of Loans/Leases Loans / Leases Investment Investment Allowance CONCESSION - Significant Payment Delay Direct Financing Leases 4 122 122 — 4 $ 122 $ 122 $ —

NOTE 4 - DERIVATIVES AND HEDG_2

NOTE 4 - DERIVATIVES AND HEDGING ACTIVITIES (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Changes in the fair value of the underlying derivative contracts	March 31, 2020 December 31, 2019 Notional Amount Estimated Fair Value Notional Amount Estimated Fair Value (dollars in thousands) Non-Hedging Interest Rate Derivatives Assets: Interest rate swap contracts $ 915,109 $ 195,224 $ $ Non-Hedging Interest Rate Derivatives Liabilities: Interest rate swap contracts $ 915,109 $ 195,224 $ $
Interest rate cap
Notes Tables
Schedule of interest rate caps	Balance Sheet Fair Value as of Hedged Item Effective Date Maturity Date Location Notional Amount Strike Rate March 31, 2020 December 31, 2019 (dollars in thousands) Deposits 1/1/2020 1/1/2023 Other Assets $ % $ 18 $ 112 Deposits 1/1/2020 1/1/2023 Other Assets 35 218 Deposits 1/1/2020 1/1/2023 Other Assets 16 96 Deposits 1/1/2020 1/1/2023 Other Assets 17 109 Deposits 1/1/2020 1/1/2024 Other Assets 47 214 Deposits 1/1/2020 1/1/2024 Other Assets 85 401 Deposits 2/1/2020 2/1/2024 Other Assets 44 202 Deposits 1/1/2020 1/1/2024 Other Assets 42 201 Deposits 1/1/2020 1/1/2025 Other Assets 94 337 Deposits 1/1/2020 1/1/2025 Other Assets 171 617 Deposits 3/1/2020 3/1/2025 Other Assets 94 332 Deposits 1/1/2020 1/1/2025 Other Assets 86 309 $ $ 749 $ 3,148
Interest rate swap
Notes Tables
Schedule of interest rate caps	Balance Sheet Fair Value as of Hedged Item Effective Date Maturity Date Location Notional Amount Receive Rate Pay Rate March 31, 2020 December 31, 2019 (dollars in thousands) CRBT - FHLB Advances or Brokered CDs 3/16/2020 3/16/2023 Derivatives - Liabilities $ 0.89 % % $ (644) $ - SFCB - FHLB Advances or Brokered CDs 3/16/2020 3/16/2023 Derivatives - Liabilities 0.74 % % (162) $ - QCR Holdings Statutory Trust II 9/30/2018 9/30/2028 Derivatives - Liabilities 4.30 % % (1,992) $ (971) QCR Holdings Statutory Trust III 9/30/2018 9/30/2028 Derivatives - Liabilities 4.30 % % (1,594) (777) QCR Holdings Statutory Trust V 7/7/2018 7/7/2028 Derivatives - Liabilities 3.54 % % (1,935) (944) Community National Statutory Trust II 9/20/2018 9/20/2028 Derivatives - Liabilities 3.29 % % (597) (291) Community National Statutory Trust III 9/15//2018 9/15/2028 Derivatives - Liabilities 2.49 % % (698) (339) Guaranty Bankshares Statutory Trust I 9/15/2018 9/15/2028 Derivatives - Liabilities 2.49 % % (898) (436) $ 3.66 % % $ (8,520) $ (3,758)

NOTE 5 - EARNINGS PER SHARE (Ta

NOTE 5 - EARNINGS PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2020
EARNINGS PER SHARE
Schedule of computation of earnings per share on a basic and diluted basis	Three months ended March 31, 2020 2019 Net income $ 11,228 $ 12,918 Basic EPS $ 0.71 $ 0.82 Diluted EPS $ 0.70 $ 0.81 Weighted average common shares outstanding 15,796,796 15,693,345 Weighted average common shares issuable upon exercise of stock options and under the employee stock purchase plan 214,660 229,595 Weighted average common and common equivalent shares outstanding 16,011,456 15,922,940

NOTE 6 - FAIR VALUE (Tables)

NOTE 6 - FAIR VALUE (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Schedule of assets measured at fair value	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) (dollars in thousands) March 31, 2020: Securities AFS: U.S. govt. sponsored agency securities $ 19,457 $ — $ 19,457 $ — Residential mortgage-backed and related securities 122,853 — 122,853 — Municipal securities 63,431 — 63,431 — Asset-backed securities 28,499 28,499 Other securities 19,048 — 19,048 — Derivatives 195,973 — 195,973 — Total assets measured at fair value $ 449,261 $ — $ 449,261 $ — Derivatives $ 203,744 $ — $ 203,744 $ — Total liabilities measured at fair value $ 203,744 $ — $ 203,744 $ — December 31, 2019: Securities AFS: U.S. govt. sponsored agency securities $ 20,078 $ — $ 20,078 $ — Residential mortgage-backed and related securities 120,587 — 120,587 — Municipal securities 48,257 — 48,257 — Asset-backed securities 16,887 16,887 Other securities 4,886 — 4,886 — Derivatives 87,827 — 87,827 — Total assets measured at fair value $ 298,522 $ — $ 298,522 $ — Derivatives $ 88,437 $ — $ 88,437 $ — Total liabilities measured at fair value $ 88,437 $ — $ 88,437 $ — 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 (dollars in thousands) March 31, 2020: Impaired loans/leases $ 6,062 $ — $ — $ 6,062 OREO 3,562 — — 3,562 $ 9,624 $ — $ — $ 9,624 December 31, 2019: Impaired loans/leases $ 3,394 $ — $ — $ 3,394 OREO 4,459 — — 4,459 $ 7,853 $ — $ — $ 7,853
Schedule of assets measured at fair value, valuation techniques	Quantitative Information about Level Fair Value Measurements Fair Value Fair Value March 31, December 31, 2020 2019 Valuation Technique Unobservable Input Range (dollars in thousands) Impaired loans/leases $ 6,062 $ 3,394 Appraisal of collateral Appraisal adjustments % to % OREO 3,562 4,459 Appraisal of collateral Appraisal adjustments % to %
Schedule of assets and liabilities measured at fair value	Fair Value As of March 31, 2020 As of December 31, 2019 Hierarchy Carrying Estimated Carrying Estimated Level Value Fair Value Value Fair Value (dollars in thousands) Cash and due from banks Level 1 $ 169,827 $ 169,827 $ 76,254 $ 76,254 Federal funds sold Level 2 4,695 4,695 9,800 9,800 Interest-bearing deposits at financial institutions Level 2 202,013 202,013 147,891 147,891 Investment securities: HTM Level 2 431,283 450,401 400,646 426,545 AFS * 253,288 253,288 210,695 210,695 Loans/leases receivable, net Level 3 5,613 6,062 3,143 3,394 Loans/leases receivable, net Level 2 3,656,822 3,624,689 3,651,061 3,606,520 Derivatives Level 2 195,973 195,973 87,827 87,827 Deposits: Nonmaturity deposits Level 2 3,292,795 3,292,795 3,184,726 3,184,726 Time deposits Level 2 877,683 887,294 726,325 742,444 Short-term borrowings Level 2 43,067 43,067 13,423 13,423 FHLB advances Level 2 95,000 96,515 159,300 159,193 Subordinated notes Level 2 68,455 68,673 68,394 68,563 Junior subordinated debentures Level 2 37,877 30,541 37,838 30,477 Derivatives Level 2 203,744 203,744 88,437 88,437

NOTE 7 - BUSINESS SEGMENT INF_2

NOTE 7 - BUSINESS SEGMENT INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Schedule of business segment information	Commercial Banking Wealth Intercompany Consolidated QCBT CRBT CSB SFC Bank Management All other Eliminations Total (dollars in thousands) Three Months Ended March 31, 2020 Total revenue $ 19,499 $ 21,995 $ 10,051 $ 8,691 $ 4,039 $ 15,618 $ (15,715) $ 64,178 Net interest income 14,428 11,386 7,500 5,642 — (1,488) 230 37,698 Provision 3,183 2,250 1,964 970 — — — 8,367 Net income (loss) from continuing operations 4,903 6,377 1,038 2,207 821 11,137 (15,255) 11,228 Goodwill 3,223 14,980 9,888 45,975 — 182 — 74,248 Intangibles — 2,560 3,812 6,573 — 1,476 — 14,421 Total assets 1,914,785 1,719,773 863,903 708,735 — 695,511 (670,632) 5,232,075 Three Months Ended March 31, 2019 Total revenue $ 18,544 $ 19,244 $ 9,270 $ 7,288 $ 4,229 $ 20,178 $ (14,658) $ 64,095 Net interest income 12,139 10,407 6,966 5,227 — 2,169 — 36,908 Credit loss expense 1,020 425 150 500 — 39 — 2,134 Net income (loss) 4,185 5,100 2,157 1,653 1,158 13,115 (14,450) 12,918 Goodwill 3,223 14,980 9,888 45,975 — 3,806 — 77,872 Intangibles — 3,061 4,501 7,501 — 1,855 — 16,918 Total assets 1,660,374 1,446,637 785,076 638,542 — 1,137,465 (601,432) 5,066,662

NOTE 8 - REGULATORY CAPITAL R_2

NOTE 8 - REGULATORY CAPITAL REQUIREMENTS (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block]	For Capital To Be Well Adequacy Purposes Capitalized Under For Capital With Capital Prompt Corrective Actual Adequacy Purposes Conservation Buffer Action Provisions Amount Ratio Amount Ratio Amount Ratio Amount Ratio As of March 31, 2020: Company: Total risk-based capital $ 601,259 13.54 % $ 355,226 > 8.00 % $ 466,233 > 10.50 % $ 444,032 > 10.00 % Tier 1 risk-based capital 495,455 11.16 266,419 > 6.00 377,427 > 8.50 355,226 > 8.00 Tier 1 leverage 495,455 10.19 194,477 > 4.00 194,477 > 4.00 243,097 > 5.00 Common equity Tier 1 457,578 10.31 199,814 > 4.50 310,822 > 7.00 288,621 > 6.50 Quad City Bank & Trust: Total risk-based capital $ 191,590 12.03 % $ 127,429 > 8.00 % $ 167,251 > 10.50 % $ 159,287 > 10.00 % Tier 1 risk-based capital 175,861 11.04 95,572 > 6.00 135,394 > 8.50 127,429 > 8.00 Tier 1 leverage 175,861 10.07 69,825 > 4.00 69,825 > 4.00 87,282 > 5.00 Common equity Tier 1 175,861 11.04 71,679 > 4.50 111,501 > 7.00 103,536 > 6.50 Cedar Rapids Bank & Trust: Total risk-based capital $ 184,319 12.21 % $ 120,785 > 8.00 % $ 158,531 > 10.50 % $ 150,982 > 10.00 % Tier 1 risk-based capital 168,693 11.17 90,589 > 6.00 128,334 > 8.50 120,785 > 8.00 Tier 1 leverage 168,693 10.53 64,084 > 4.00 64,084 > 4.00 80,105 > 5.00 Common equity Tier 1 168,693 11.17 67,942 > 4.50 105,687 > 7.00 98,138 > 6.50 Community State Bank: Total risk-based capital $ 94,289 12.59 % $ 59,930 > 8.00 % $ 78,658 > 10.50 % $ 74,912 > 10.00 % Tier 1 risk-based capital 86,636 11.57 44,947 > 6.00 63,675 > 8.50 59,930 > 8.00 Tier 1 leverage 86,636 10.25 33,808 > 4.00 33,808 > 4.00 42,261 > 5.00 Common equity Tier 1 86,636 11.57 33,710 > 4.50 52,439 > 7.00 48,693 > 6.50 Springfield First Community Bank: Total risk-based capital $ 74,501 12.49 % $ 47,723 > 8.00 % $ 62,636 > 10.50 % $ 59,654 > 10.00 % Tier 1 risk-based capital 66,392 11.13 35,792 > 6.00 50,706 > 8.50 47,723 > 8.00 Tier 1 leverage 66,392 10.43 25,470 > 4.00 25,470 > 4.00 31,838 > 5.00 Common equity Tier 1 66,392 11.13 26,844 > 4.50 41,758 > 7.00 38,775 > 6.50 For Capital To Be Well Adequacy Purposes Capitalized Under For Capital With Capital Prompt Corrective Actual Adequacy Purposes Conservation Buffer Action Provisions Amount Ratio Amount Ratio Amount Ratio Amount Ratio As of December 31, 2019: Company: Total risk-based capital $ 581,234 13.33 % $ 348,937 > 8.00 % $ 457,980 > 10.500 % $ 436,171 > 10.00 % Tier 1 risk-based capital 481,702 11.04 261,703 > 6.00 370,746 > 8.500 348,937 > 8.00 Tier 1 leverage 481,702 9.53 202,207 > 4.00 202,207 > 4.000 252,758 > 5.00 Common equity Tier 1 443,864 10.18 196,277 > 4.50 305,320 > 7.000 283,511 > 6.50 Quad City Bank & Trust: Total risk-based capital $ 183,855 11.83 % $ 124,362 > 8.00 % $ 163,225 > 10.500 % $ 155,452 > 10.00 % Tier 1 risk-based capital 170,137 10.94 93,271 > 6.00 132,134 > 8.500 124,362 > 8.00 Tier 1 leverage 170,137 9.94 68,479 > 4.00 68,479 > 4.000 85,598 > 5.00 Common equity Tier 1 170,137 10.94 69,953 > 4.50 108,817 > 7.000 101,044 > 6.50 Cedar Rapids Bank & Trust: Total risk-based capital $ 175,498 11.90 % $ 117,953 > 8.00 % $ 154,813 > 10.500 % $ 147,441 > 10.00 % Tier 1 risk-based capital 162,127 11.00 88,465 > 6.00 125,325 > 8.500 117,953 > 8.00 Tier 1 leverage 162,127 10.41 62,286 > 4.00 62,286 > 4.000 77,857 > 5.00 Common equity Tier 1 162,127 11.00 66,349 > 4.50 103,209 > 7.000 95,837 > 6.50 Community State Bank: Total risk-based capital $ 92,095 12.32 % $ 59,813 > 8.00 % $ 78,504 > 10.500 % $ 74,766 > 10.00 % Tier 1 risk-based capital 85,437 11.43 44,860 > 6.00 63,551 > 8.500 59,813 > 8.00 Tier 1 leverage 85,437 10.39 32,902 > 4.00 32,902 > 4.000 41,128 > 5.00 Common equity Tier 1 85,437 11.43 33,645 > 4.50 52,336 > 7.000 48,598 > 6.50 Springfield First Community Bank: Total risk-based capital $ 71,074 12.72 % $ 44,704 > 8.00 % $ 58,674 > 10.500 % $ 55,880 > 10.00 % Tier 1 risk-based capital 63,956 11.45 33,528 > 6.00 47,498 > 8.500 44,704 > 8.00 Tier 1 leverage 63,956 9.70 26,379 > 4.00 26,379 > 4.000 32,974 > 5.00 Common equity Tier 1 63,956 11.45 25,146 > 4.50 39,116 > 7.000 36,322 > 6.50

NOTE 1 - SUMMARY OF SIGNIFICA_3

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	Mar. 31, 2020subsidiaryshares	Dec. 31, 2019shares
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Number of subsidiaries commercial banks | subsidiary	4
Preferred stock, authorized (in shares)	250,000	250,000
Common stock, outstanding (in shares)	15,773,736	15,828,098

NOTE 1 - SUMMARY OF SIGNIFICA_4

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Recent account developments (Details) - USD ($)	Mar. 31, 2020	Jan. 01, 2020
Pro Forma [Member] | Accounting Standards Update 2016-13 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Increase in allowance for estimated losses on loans or leases	$ 10,000,000	$ 7,000,000

NOTE 2 - INVESTMENT SECURITIE_2

NOTE 2 - INVESTMENT SECURITIES (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)stateitem	Mar. 31, 2019USD ($)	Dec. 31, 2019USD ($)stateitem
Number of securities	581
Available-for-sale, unrealized loss positions, qualitative disclosure, number of positions	53
Aggregate losses of securities (as a percent)	0.80%
Available-for-sale, unrealized loss positions, qualitative disclosure, number of positions, greater than or equal to one year	5
Other than temporary impairment losses, investments | $	$ 0	$ 0
Number Of Charters Owning Municipal Securities	4
Municipal securities | General Obligation Bonds
Number of issuers	91		93
Other investments | $	$ 74,400		$ 77,200
Number of states holding investments | state	21		22
Municipal securities | General Obligation Bonds | Minimum
Other investments | $	$ 5,000		$ 5,000
Municipal securities | General Obligation Bonds | Aggregate Fair Value Exceeding 5 Million [Member]
Number of states holding investments | state	6		6
Municipal securities | Revenue Bonds
Number of issuers	162		154
Other investments | $	$ 438,400		$ 396,600
Number of states holding investments	18		17
Municipal securities | Revenue Bonds | Minimum
Other investments | $	$ 5,000		$ 5,000
Municipal securities | Revenue Bonds | Aggregate Fair Value Exceeding 5 Million [Member]
Number of states holding investments	7		9

NOTE 2 - INVESTMENT SECURITIE_3

NOTE 2 - INVESTMENT SECURITIES - Amortized Cost and Fair Value of Investment Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Securities held to maturity:
Securities held to maturity, at amortized cost	$ 431,283	$ 400,646
Securities held to maturity, gross unrealized gains	21,886	26,042
Securities held to maturity, gross unrealized (losses)	(2,768)	(143)
Securities held to maturity, fair value	450,401	426,545
Securities available for sale:
Debt Securities, Available-for-sale, Amortized Cost	247,074	206,962
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax	8,907	4,068
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax	(2,693)	(335)
Debt Securities, Available-for-sale	253,288	210,695
Municipal securities
Securities held to maturity:
Securities held to maturity, at amortized cost	430,233	399,596
Securities held to maturity, gross unrealized gains	21,886	26,042
Securities held to maturity, gross unrealized (losses)	(2,768)	(143)
Securities held to maturity, fair value	449,351	425,495
Securities available for sale:
Debt Securities, Available-for-sale, Amortized Cost	61,432	46,659
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax	2,004	1,602
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax	(5)	(4)
Debt Securities, Available-for-sale	63,431	48,257
U.S. govt. sponsored agency securities
Securities available for sale:
Debt Securities, Available-for-sale, Amortized Cost	18,998	19,872
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax	502	283
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax	(43)	(77)
Debt Securities, Available-for-sale	19,457	20,078
Residential mortgage-backed and related securities
Securities available for sale:
Debt Securities, Available-for-sale, Amortized Cost	116,768	118,724
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax	6,149	2,045
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax	(64)	(182)
Debt Securities, Available-for-sale	122,853	120,587
Asset-backed securities
Securities available for sale:
Debt Securities, Available-for-sale, Amortized Cost	31,076	16,958
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax	(2,577)	(71)
Debt Securities, Available-for-sale	28,499	16,887
Other Securities
Securities held to maturity:
Securities held to maturity, at amortized cost	1,050	1,050
Securities held to maturity, fair value	1,050	1,050
Securities available for sale:
Debt Securities, Available-for-sale, Amortized Cost	18,800	4,749
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax	252	138
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax	(4)	(1)
Debt Securities, Available-for-sale	$ 19,048	$ 4,886

NOTE 2 - INVESTMENT SECURITIE_4

NOTE 2 - INVESTMENT SECURITIES - Securities in a Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Securities held to maturity:
Securities held to maturity, less than 12 months, fair value	$ 53,659	$ 1,059
Securities held to maturity, less than 12 months, gross unrealized losses	(2,762)	(1)
Securities held to maturity, 12 months or more, fair value	531	10,047
Securities held to maturity, 12 months or more, gross unrealized losses	(6)	(142)
Securities held to maturity, fair value	54,190	11,106
Securities held to maturity, gross unrealized losses	(2,768)	(143)
Securities available for sale:
Securities available for sale, less than 12 months, fair value	28,342	20,829
Securities available for sale, less than 12 months, gross unrealized losses	(2,598)	(110)
Securities available for sale, 12 months or more, fair value	4,131	20,703
Securities available for sale, 12 months or more, gross unrealized losses	(95)	(225)
Securities available for sale, fair value	32,473	41,532
Securities available for sale, gross unrealized losses	(2,693)	(335)
Municipal securities
Securities held to maturity:
Securities held to maturity, less than 12 months, fair value	52,609	509
Securities held to maturity, less than 12 months, gross unrealized losses	(2,762)	(1)
Securities held to maturity, 12 months or more, fair value	531	10,047
Securities held to maturity, 12 months or more, gross unrealized losses	(6)	(142)
Securities held to maturity, fair value	53,140	10,556
Securities held to maturity, gross unrealized losses	(2,768)	(143)
Securities available for sale:
Securities available for sale, less than 12 months, fair value	386
Securities available for sale, less than 12 months, gross unrealized losses	(1)
Securities available for sale, 12 months or more, fair value	336	724
Securities available for sale, 12 months or more, gross unrealized losses	(4)	(4)
Securities available for sale, fair value	722	724
Securities available for sale, gross unrealized losses	(5)	(4)
U.S. govt. sponsored agency securities
Securities available for sale:
Securities available for sale, less than 12 months, fair value	1,449	1,431
Securities available for sale, less than 12 months, gross unrealized losses	(2)	(21)
Securities available for sale, 12 months or more, fair value	1,920	2,117
Securities available for sale, 12 months or more, gross unrealized losses	(41)	(56)
Securities available for sale, fair value	3,369	3,548
Securities available for sale, gross unrealized losses	(43)	(77)
Residential mortgage-backed and related securities
Securities available for sale:
Securities available for sale, less than 12 months, fair value	2,509	2,263
Securities available for sale, less than 12 months, gross unrealized losses	(14)	(17)
Securities available for sale, 12 months or more, fair value	1,875	17,862
Securities available for sale, 12 months or more, gross unrealized losses	(50)	(165)
Securities available for sale, fair value	4,384	20,125
Securities available for sale, gross unrealized losses	(64)	(182)
Asset-backed securities
Securities available for sale:
Securities available for sale, less than 12 months, fair value	23,752	16,886
Securities available for sale, less than 12 months, gross unrealized losses	(2,577)	(71)
Securities available for sale, fair value	23,752	16,886
Securities available for sale, gross unrealized losses	(2,577)	(71)
Other Securities
Securities held to maturity:
Securities held to maturity, less than 12 months, fair value	1,050	550
Securities held to maturity, fair value	1,050	550
Securities available for sale:
Securities available for sale, less than 12 months, fair value	246	249
Securities available for sale, less than 12 months, gross unrealized losses	(4)	(1)
Securities available for sale, fair value	246	249
Securities available for sale, gross unrealized losses	$ (4)	$ (1)

NOTE 2 - INVESTMENT SECURITIE_5

NOTE 2 - INVESTMENT SECURITIES - Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Securities held to maturity:
Securities held to maturity, due in one year or less, amortized cost	$ 3,016
Securities held to maturity, due in one year or less, fair value	3,023
Securities held to maturity, due after one year through five years, amortized cost	34,967
Securities held to maturity, due after one year through five years, fair value	35,545
Securities held to maturity, due after five years, amortized cost	393,300
Securities held to maturity, due after five years, fair value	411,833
Securities held to maturity, amortized cost	431,283
Securities held to maturity, fair value	450,401	$ 426,545
Securities available for sale:
Securities available for sale, due in one year or less, amortized cost	1,370
Securities available for sale, Due in one year or less, fair value	1,387
Securities available for sale, due after one year through five years, amortized cost	15,804
Securities available for sale, Due after one year through five years, fair value	16,131
Securities available for sale, due after five years, amortized cost	82,056
Securities available for sale, Due after five years, fair value	84,418
Securities available for sale, single maturity, amortized cost	99,230
Securities available for sale, single maturity, fair value	101,936
Securities available for sale, amortized cost	247,074	206,962
Securities available for sale, fair value	253,288	210,695
Callable Securities [Member]
Securities available for sale:
Securities available for sale, callable, amortized cost	65,594
Securities available for sale, callable, fair value	67,285
Municipal securities
Securities held to maturity:
Securities held to maturity, fair value	449,351	425,495
Securities available for sale:
Securities available for sale, amortized cost	61,432	46,659
Securities available for sale, fair value	63,431	48,257
Municipal securities | Callable Securities [Member]
Securities held to maturity:
Securities held to maturity, callable, amortized cost	199,843
Securities held to maturity, callable, fair value	201,706
Securities available for sale:
Securities available for sale, callable, amortized cost	47,044
Securities available for sale, callable, fair value	48,483
Asset-backed securities
Securities held to maturity:
Securities held to maturity, callable, amortized cost	31,076
Securities held to maturity, callable, fair value	28,499
Securities available for sale:
Securities available for sale, amortized cost	31,076	16,958
Securities available for sale, fair value	28,499	16,887
Residential mortgage-backed and related securities
Securities held to maturity:
Securities held to maturity, callable, amortized cost	116,768
Securities held to maturity, callable, fair value	122,853
Securities available for sale:
Securities available for sale, amortized cost	116,768	118,724
Securities available for sale, fair value	122,853	120,587
Other Securities
Securities held to maturity:
Securities held to maturity, fair value	1,050	1,050
Securities available for sale:
Securities available for sale, amortized cost	18,800	4,749
Securities available for sale, fair value	19,048	$ 4,886
Other Securities | Callable Securities [Member]
Securities available for sale:
Securities available for sale, callable, amortized cost	18,550
Securities available for sale, callable, fair value	$ 18,802

NOTE 3 - LOANS_LEASES RECEIVA_3

NOTE 3 - LOANS/LEASES RECEIVABLE (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)loanitem	Mar. 31, 2019USD ($)loanitem	Dec. 31, 2019USD ($)
Loans and leases	$ 3,695,859		$ 3,681,346
Loans receivable held for sale	3,994		3,673
Nonaccrual Loans/Leases	11,628		7,902
Accruing TDRs	$ 843,000		1,700
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | item	1	0
Number of nonaccrual restructured loans | loan	0	0
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down	$ 296	$ 56
Number of TDRs restructured and written off | item	4	2
Accruing Past Due 90 Days or More	$ 1,419		33
One Customer [Member]
Financing Receivable, Modifications, Post-Modification Recorded Investment	55
Troubled Debt Restructurings [Member]
Nonaccrual Loans/Leases	298		747,000
Residential Portfolio Segment [Member]
Loans and leases	237,742		239,904
Loans receivable held for sale	4,000		3,700
Nonaccrual Loans/Leases	658		706
Accruing Past Due 90 Days or More	82
Residential Portfolio Segment [Member] | Troubled Debt Restructurings [Member]
Nonaccrual Loans/Leases	31		31
Commercial Portfolio Segment [Member]
Loans and leases	1,484,979		1,507,825
Nonaccrual Loans/Leases	1,527		1,236
Commercial Portfolio Segment [Member] | Troubled Debt Restructurings [Member]
Nonaccrual Loans/Leases	50		98
Commercial Portfolio Segment [Member] | m2 Lease Funds, LLC [Member]
Loans and leases	145,300		142,000
Commercial Real Estate Portfolio Segment [Member]
Loans and leases	1,783,086		1,736,396
Commercial Real Estate Portfolio Segment [Member] | Troubled Debt Restructurings [Member]
Nonaccrual Loans/Leases			269,000
Finance Leases Portfolio Segment [Member]
Loans and leases	83,324		87,869
Nonaccrual Loans/Leases	1,165		1,517
Finance Leases Portfolio Segment [Member] | Troubled Debt Restructurings [Member]
Nonaccrual Loans/Leases	163		294
Consumer Portfolio Segment [Member]
Loans and leases	106,728		109,352
Nonaccrual Loans/Leases	615		556
Accruing Past Due 90 Days or More	113		33
Consumer Portfolio Segment [Member] | Troubled Debt Restructurings [Member]
Nonaccrual Loans/Leases	$ 54		$ 55

NOTE 3 - LOANS_LEASES RECEIVA_4

NOTE 3 - LOANS/LEASES RECEIVABLE - Composition of the Loan Lease Portfolio (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Gross loans/leases receivable	$ 3,704,668	$ 3,690,205
Less allowance	(42,233)	(36,001)	$ (41,164)	$ (39,847)
Net loans/leases receivable	3,662,435	3,654,204
Plus deferred loan/lease origination costs, net of fees	8,809	8,859
Loans and leases receivable	3,695,859	3,681,346
Commercial Portfolio Segment [Member]
Less allowance	(18,151)	(16,072)	(17,259)	(16,420)
Loans and leases receivable	1,484,979	1,507,825
Commercial Real Estate Portfolio Segment [Member]
Less allowance	(19,269)	(15,379)	(18,303)	(17,719)
Loans and leases receivable	1,783,086	1,736,396
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Commercial Real Estate Loans [Member]
Loans and leases receivable	454,955	443,989
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member]
Loans and leases receivable	410,383	378,797
Commercial Real Estate Portfolio Segment [Member] | Other Non-owner Occupied Commercial Real Estate Loans [Member]
Loans and leases receivable	917,748	913,610
Finance Leases Portfolio Segment [Member]
Net minimum lease receivable	92,139	97,025
Estimated unguaranteed residual values of leased assets	616	547
Unearned lease/residual income	(9,431)	(9,703)
Gross loans/leases receivable	84,973	89,761
Less allowance	(1,303)	(1,464)	(1,606)	(1,792)
Net loans/leases receivable	83,670	88,297
Plus deferred loan/lease origination costs, net of fees	1,649	1,892
Loans and leases receivable	83,324	87,869
Residential Portfolio Segment [Member]
Less allowance	(2,313)	(1,948)	(2,539)	(2,557)
Loans and leases receivable	237,742	239,904
Consumer Portfolio Segment [Member]
Less allowance	(1,197)	(1,138)	$ (1,457)	$ (1,359)
Loans and leases receivable	$ 106,728	$ 109,352

NOTE 3 - LOANS_LEASES RECEIVA_5

NOTE 3 - LOANS/LEASES RECEIVABLE - Changes in Accretable Yield (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Balance at the beginning of the period	$ (6,435)	$ (10,323)
Reclassification of nonaccretable discount to accretable	(30)
Accretion recognized	681	1,174
Balance at the end of the period	(5,784)	(9,149)
PCI Loans
Balance at the beginning of the period	(57)	(667)
Reclassification of nonaccretable discount to accretable	(30)
Accretion recognized	28	348
Balance at the end of the period	(59)	(319)
Performing Loans
Balance at the beginning of the period	(6,378)	(9,656)
Accretion recognized	653	826
Balance at the end of the period	$ (5,725)	$ (8,830)

NOTE 3 - LOANS_LEASES RECEIVA_6

NOTE 3 - LOANS/LEASES RECEIVABLE - Aging of the Loan Lease Portfolio (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Current	$ 3,666,488	$ 3,659,453
Accruing Past Due 90 Days or More	1,419	33
Financing Receivable, Recorded Investment, Nonaccrual Status	11,628	7,902
Loans and leases	$ 3,695,859	$ 3,681,346
Current as a percentage of total loan/lease portfolio	99.20%	99.41%
Accruing past due 90 days or more as a percentage of total loan/lease portfolio	0.04%	0.00%
Nonaccrual Loans/Leases as a percentage of total loan/lease portfolio	0.31%	0.21%
Loans and leases as a percentage of total loan/lease portfolio	100.00%	100.00%
Financing Receivables, 30 to 59 Days Past Due [Member]
Past Due	$ 14,642	$ 12,638
Past due as a percentage of total loan/lease portfolio	0.40%	0.34%
Financing Receivables, 60 to 89 Days Past Due [Member]
Past Due	$ 1,682	$ 1,320
Past due as a percentage of total loan/lease portfolio	0.05%	0.04%
Commercial Portfolio Segment [Member]
Current	$ 1,479,395	$ 1,499,891
Financing Receivable, Recorded Investment, Nonaccrual Status	1,527	1,236
Loans and leases	1,484,979	1,507,825
Commercial Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Past Due	3,445	6,126
Commercial Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Past Due	612	572
Commercial Real Estate Portfolio Segment [Member]
Loans and leases	1,783,086	1,736,396
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Commercial Real Estate Loans [Member]
Current	454,670	443,707
Financing Receivable, Recorded Investment, Nonaccrual Status	99	34
Loans and leases	454,955	443,989
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member]
Current	408,392	375,940
Accruing Past Due 90 Days or More	1,224
Loans and leases	410,383	378,797
Commercial Real Estate Portfolio Segment [Member] | Other Non-owner Occupied Commercial Real Estate Loans [Member]
Current	905,607	909,684
Financing Receivable, Recorded Investment, Nonaccrual Status	7,564	3,853
Loans and leases	917,748	913,610
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Owner Occupied Commercial Real Estate Loans [Member]
Past Due		177
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Construction Loans [Member]
Past Due	767	2,857
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Other Non-owner Occupied Commercial Real Estate Loans [Member]
Past Due	4,577	73
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Owner Occupied Commercial Real Estate Loans [Member]
Past Due	186	71
Finance Leases Portfolio Segment [Member]
Current	81,459	85,636
Financing Receivable, Recorded Investment, Nonaccrual Status	1,165	1,517
Loans and leases	83,324	87,869
Finance Leases Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Past Due	487	463
Finance Leases Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Past Due	213	253
Residential Portfolio Segment [Member]
Current	231,288	235,845
Accruing Past Due 90 Days or More	82
Financing Receivable, Recorded Investment, Nonaccrual Status	658	706
Loans and leases	237,742	239,904
Residential Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Past Due	5,047	2,939
Residential Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Past Due	667	414
Consumer Portfolio Segment [Member]
Current	105,677	108,750
Accruing Past Due 90 Days or More	113	33
Financing Receivable, Recorded Investment, Nonaccrual Status	615	556
Loans and leases	106,728	109,352
Consumer Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Past Due	319	3
Consumer Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Past Due	$ 4	$ 10

NOTE 3 - LOANS_LEASES RECEIVA_7

NOTE 3 - LOANS/LEASES RECEIVABLE - Loans Leases Nonperforming Loans Leases (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Accruing Past Due 90 Days or More	$ 1,419	$ 33
Nonaccrual Loans/Leases	11,628	7,902
Accruing TDRs	843,000	1,700
Loans and Leases Receivable, Net of Deferred Income	$ 3,695,859	$ 3,681,346
Percentage of Total NPLs	100.00%	100.00%
Nonperforming Financial Instruments [Member]
Accruing Past Due 90 Days or More	$ 1,419	$ 33
Nonaccrual Loans/Leases	11,628	7,902
Accruing TDRs	545	979
Loans and Leases Receivable, Net of Deferred Income	$ 13,592	$ 8,914
Percentage of Total NPLs	100.00%	100.00%
Commercial Portfolio Segment [Member]
Nonaccrual Loans/Leases	$ 1,527	$ 1,236
Loans and Leases Receivable, Net of Deferred Income	1,484,979	1,507,825
Commercial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member]
Nonaccrual Loans/Leases	1,527	1,236
Accruing TDRs	359	646
Loans and Leases Receivable, Net of Deferred Income	$ 1,886	$ 1,882
Percentage of Total NPLs	13.88%	21.12%
Commercial Real Estate Portfolio Segment [Member]
Loans and Leases Receivable, Net of Deferred Income	$ 1,783,086	$ 1,736,396
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Commercial Real Estate Loans [Member]
Nonaccrual Loans/Leases	99	34
Loans and Leases Receivable, Net of Deferred Income	454,955	443,989
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member]
Accruing Past Due 90 Days or More	1,224
Loans and Leases Receivable, Net of Deferred Income	410,383	378,797
Commercial Real Estate Portfolio Segment [Member] | Other Non-owner Occupied Commercial Real Estate Loans [Member]
Nonaccrual Loans/Leases	7,564	3,853
Loans and Leases Receivable, Net of Deferred Income	917,748	913,610
Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Owner Occupied Commercial Real Estate Loans [Member]
Nonaccrual Loans/Leases	99	34
Loans and Leases Receivable, Net of Deferred Income	$ 99	$ 34
Percentage of Total NPLs	0.73%	0.38%
Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Construction Loans [Member]
Accruing Past Due 90 Days or More	$ 1,224
Loans and Leases Receivable, Net of Deferred Income	$ 1,224
Percentage of Total NPLs	9.01%
Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Other Non-owner Occupied Commercial Real Estate Loans [Member]
Nonaccrual Loans/Leases	$ 7,564	$ 3,853
Loans and Leases Receivable, Net of Deferred Income	$ 7,564	$ 3,853
Percentage of Total NPLs	55.64%	43.22%
Finance Leases Portfolio Segment [Member]
Nonaccrual Loans/Leases	$ 1,165	$ 1,517
Loans and Leases Receivable, Net of Deferred Income	83,324	87,869
Finance Leases Portfolio Segment [Member] | Nonperforming Financial Instruments [Member]
Nonaccrual Loans/Leases	1,165	1,517
Accruing TDRs	186	333
Loans and Leases Receivable, Net of Deferred Income	$ 1,351	$ 1,850
Percentage of Total NPLs	9.94%	20.75%
Residential Portfolio Segment [Member]
Accruing Past Due 90 Days or More	$ 82
Nonaccrual Loans/Leases	658	$ 706
Loans and Leases Receivable, Net of Deferred Income	237,742	239,904
Residential Portfolio Segment [Member] | Nonperforming Financial Instruments [Member]
Accruing Past Due 90 Days or More	82
Nonaccrual Loans/Leases	658	706
Loans and Leases Receivable, Net of Deferred Income	$ 740	$ 706
Percentage of Total NPLs	5.44%	7.92%
Consumer Portfolio Segment [Member]
Accruing Past Due 90 Days or More	$ 113	$ 33
Nonaccrual Loans/Leases	615	556
Loans and Leases Receivable, Net of Deferred Income	106,728	109,352
Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member]
Accruing Past Due 90 Days or More	113	33
Nonaccrual Loans/Leases	615	556
Loans and Leases Receivable, Net of Deferred Income	$ 728	$ 589
Percentage of Total NPLs	5.36%	6.61%

NOTE 3 - LOANS_LEASES RECEIVA_8

NOTE 3 - LOANS/LEASES RECEIVABLE - Allowance for Estimated Losses on Loans Leases (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Dec. 31, 2019
Balance	$ 36,001	$ 39,847
Provisions charged to expense	8,367	2,134
Loans/leases charged off	(2,335)	(1,060)
Recoveries on loans/leases previously charged off	200	243
Balance	42,233	41,164
Allowance for impaired loans/leases			$ 1,427	$ 660
Allowance for nonimpaired loans/leases			40,806	35,341
Less allowance for estimated losses on loans/leases	42,233	41,164	42,233	36,001
Impaired loans/leases			12,819	8,661
Nonimpaired loans/leases			3,683,040	3,672,685
Loans and leases			$ 3,695,859	$ 3,681,346
Allowance as a percentage of impaired loans/leases			11.13%	7.62%
Allowance as a percentage of nonimpaired loans/leases			1.11%	0.96%
Total allowance as a percentage of total loans/leases			1.14%	0.98%
Commercial Portfolio Segment [Member]
Balance	16,072	16,420
Provisions charged to expense	3,697	1,007
Loans/leases charged off	(1,639)	(334)
Recoveries on loans/leases previously charged off	21	166
Balance	18,151	17,259
Allowance for impaired loans/leases			$ 86	$ 170
Allowance for nonimpaired loans/leases			18,065	15,902
Less allowance for estimated losses on loans/leases	18,151	17,259	18,151	16,072
Impaired loans/leases			2,346	1,846
Nonimpaired loans/leases			1,482,633	1,505,979
Loans and leases			$ 1,484,979	$ 1,507,825
Allowance as a percentage of impaired loans/leases			3.67%	9.21%
Allowance as a percentage of nonimpaired loans/leases			1.22%	1.06%
Total allowance as a percentage of total loans/leases			1.22%	1.07%
Commercial Real Estate Portfolio Segment [Member]
Balance	15,379	17,719
Provisions charged to expense	3,816	534
Recoveries on loans/leases previously charged off	74	50
Balance	19,269	18,303
Allowance for impaired loans/leases			$ 1,228	$ 125
Allowance for nonimpaired loans/leases			18,041	15,254
Less allowance for estimated losses on loans/leases	19,269	18,303	19,269	15,379
Impaired loans/leases			7,681	3,585
Nonimpaired loans/leases			1,775,405	1,732,811
Loans and leases			$ 1,783,086	$ 1,736,396
Allowance as a percentage of impaired loans/leases			15.99%	3.49%
Allowance as a percentage of nonimpaired loans/leases			1.02%	0.88%
Total allowance as a percentage of total loans/leases			1.08%	0.89%
Finance Leases Portfolio Segment [Member]
Balance	1,464	1,792
Provisions charged to expense	394	445
Loans/leases charged off	(600)	(652)
Recoveries on loans/leases previously charged off	45	21
Balance	1,303	1,606
Allowance for impaired loans/leases			$ 20	$ 270
Allowance for nonimpaired loans/leases			1,283	1,194
Less allowance for estimated losses on loans/leases	1,303	1,606	1,303	1,464
Impaired loans/leases			1,574	2,025
Nonimpaired loans/leases			81,750	85,844
Loans and leases			$ 83,324	$ 87,869
Allowance as a percentage of impaired loans/leases			1.27%	13.33%
Allowance as a percentage of nonimpaired loans/leases			1.57%	1.39%
Total allowance as a percentage of total loans/leases			1.56%	1.67%
Residential Portfolio Segment [Member]
Balance	1,948	2,557
Provisions charged to expense	336	(18)
Recoveries on loans/leases previously charged off	29
Balance	2,313	2,539
Allowance for impaired loans/leases			$ 15	$ 15
Allowance for nonimpaired loans/leases			2,298	1,933
Less allowance for estimated losses on loans/leases	2,313	2,539	2,313	1,948
Impaired loans/leases			603	649
Nonimpaired loans/leases			237,139	239,255
Loans and leases			$ 237,742	$ 239,904
Allowance as a percentage of impaired loans/leases			2.49%	2.31%
Allowance as a percentage of nonimpaired loans/leases			0.97%	0.81%
Total allowance as a percentage of total loans/leases			0.97%	0.81%
Consumer Portfolio Segment [Member]
Balance	1,138	1,359
Provisions charged to expense	124	166
Loans/leases charged off	(96)	(74)
Recoveries on loans/leases previously charged off	31	6
Balance	1,197	1,457
Allowance for impaired loans/leases			$ 78	$ 80
Allowance for nonimpaired loans/leases			1,119	1,058
Less allowance for estimated losses on loans/leases	$ 1,197	$ 1,457	1,197	1,138
Impaired loans/leases			615	556
Nonimpaired loans/leases			106,113	108,796
Loans and leases			$ 106,728	$ 109,352
Allowance as a percentage of impaired loans/leases			12.68%	14.41%
Allowance as a percentage of nonimpaired loans/leases			1.05%	0.97%
Total allowance as a percentage of total loans/leases			1.12%	1.04%

NOTE 3 - LOANS_LEASES RECEIVA_9

NOTE 3 - LOANS/LEASES RECEIVABLE - Impaired Loans Leases (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Recorded investment with no specific allowance recorded	$ 5,889	$ 7,966	$ 4,912
Unpaid principal balance with no specific allowance recorded	5,961	8,084	5,115
Average recorded investment with no specific allowance recorded	5,005	7,914
Interest income recognized with no specific allowance recorded	25	72
Interest income recognized for cash payments received with no specific allowance recorded	25	72
Recorded investment with specific allowance recorded	6,930	11,293	3,749
Unpaid principal balance with specific allowance recorded	6,930	11,650	3,749
Average recorded investment with specific allowance recorded	5,061	11,157	660
Interest income recognized with specific allowance recorded		58
Interest income recognized for cash payments received with specific allowance recorded		58
Recorded investment	12,819	19,259	8,661
Unpaid principal balance	12,891	19,734	8,864
Related allowance	1,427	3,439	660
Average recorded investment	10,066	19,071
Interest income recognized	25	130
Interest income recognized for cash payments received	25	130
Owner Occupied Commercial Real Estate Loans [Member]
Recorded investment with no specific allowance recorded	99	104	34
Unpaid principal balance with no specific allowance recorded	115	104	50
Average recorded investment with no specific allowance recorded	102	106
Interest income recognized with no specific allowance recorded		6
Interest income recognized for cash payments received with no specific allowance recorded		6
Recorded investment with specific allowance recorded		289
Unpaid principal balance with specific allowance recorded		646
Average recorded investment with specific allowance recorded		297
Recorded investment	99	393	34
Unpaid principal balance	115	750	50
Related allowance		33
Average recorded investment	102	403
Interest income recognized		6
Interest income recognized for cash payments received		6
Construction Loans [Member]
Recorded investment with no specific allowance recorded		500
Unpaid principal balance with no specific allowance recorded		500
Average recorded investment with no specific allowance recorded		503
Interest income recognized with no specific allowance recorded		7
Interest income recognized for cash payments received with no specific allowance recorded		7
Recorded investment with specific allowance recorded		144
Unpaid principal balance with specific allowance recorded		144
Average recorded investment with specific allowance recorded		146
Recorded investment		644
Unpaid principal balance		644
Related allowance		28
Average recorded investment		649
Interest income recognized		7
Interest income recognized for cash payments received		7
Other Non-owner Occupied Commercial Real Estate Loans [Member]
Recorded investment with no specific allowance recorded	1,054	1,675	684
Unpaid principal balance with no specific allowance recorded	1,054	1,675	686
Average recorded investment with no specific allowance recorded	662	1,687
Interest income recognized with no specific allowance recorded	7	22
Interest income recognized for cash payments received with no specific allowance recorded	7	22
Recorded investment with specific allowance recorded	6,528	7,443	2,867
Unpaid principal balance with specific allowance recorded	6,528	7,443	2,867
Average recorded investment with specific allowance recorded	4,698	7,510	125
Interest income recognized with specific allowance recorded		48
Interest income recognized for cash payments received with specific allowance recorded		48
Recorded investment	7,582	9,118	3,551
Unpaid principal balance	7,582	9,118	3,553
Related allowance	1,228	2,052	125
Average recorded investment	5,360	9,197
Interest income recognized	7	70
Interest income recognized for cash payments received	7	70
Commercial Portfolio Segment [Member]
Recorded investment with no specific allowance recorded	2,260	2,256	1,607
Unpaid principal balance with no specific allowance recorded	2,332	2,300	1,647
Average recorded investment with no specific allowance recorded	1,895	2,124
Interest income recognized with no specific allowance recorded	12	23
Interest income recognized for cash payments received with no specific allowance recorded	12	23
Recorded investment with specific allowance recorded	86	2,045	239
Unpaid principal balance with specific allowance recorded	86	2,045	239
Average recorded investment with specific allowance recorded	43	1,946	170
Interest income recognized with specific allowance recorded		9
Interest income recognized for cash payments received with specific allowance recorded		9
Recorded investment	2,346	4,301	1,846
Unpaid principal balance	2,418	4,345	1,886
Related allowance	86	841	170
Average recorded investment	1,938	4,070
Interest income recognized	12	32
Interest income recognized for cash payments received	12	32
Finance Leases Portfolio Segment [Member]
Recorded investment with no specific allowance recorded	1,515	1,948	1,642
Unpaid principal balance with no specific allowance recorded	1,515	1,948	1,642
Average recorded investment with no specific allowance recorded	1,440	2,011
Interest income recognized with no specific allowance recorded	6	11
Interest income recognized for cash payments received with no specific allowance recorded	6	11
Recorded investment with specific allowance recorded	59	237	383
Unpaid principal balance with specific allowance recorded	59	237	383
Average recorded investment with specific allowance recorded	61	206	270
Recorded investment	1,574	2,185	2,025
Unpaid principal balance	1,574	2,185	2,025
Related allowance	20	142	270
Average recorded investment	1,501	2,217
Interest income recognized	6	11
Interest income recognized for cash payments received	6	11
Residential Portfolio Segment [Member]
Recorded investment with no specific allowance recorded	423	705	469
Unpaid principal balance with no specific allowance recorded	407	779	614
Average recorded investment with no specific allowance recorded	399	713
Recorded investment with specific allowance recorded	180	988	180
Unpaid principal balance with specific allowance recorded	180	988	180
Average recorded investment with specific allowance recorded	180	915	15
Interest income recognized with specific allowance recorded		1
Interest income recognized for cash payments received with specific allowance recorded		1
Recorded investment	603	1,693	649
Unpaid principal balance	587	1,767	794
Related allowance	15	236	15
Average recorded investment	579	1,628
Interest income recognized		1
Interest income recognized for cash payments received		1
Consumer Portfolio Segment [Member]
Recorded investment with no specific allowance recorded	538	778	476
Unpaid principal balance with no specific allowance recorded	538	778	476
Average recorded investment with no specific allowance recorded	507	770
Interest income recognized with no specific allowance recorded		3
Interest income recognized for cash payments received with no specific allowance recorded		3
Recorded investment with specific allowance recorded	77	147	80
Unpaid principal balance with specific allowance recorded	77	147	80
Average recorded investment with specific allowance recorded	79	137	80
Recorded investment	615	925	556
Unpaid principal balance	615	925	556
Related allowance	78	107	$ 80
Average recorded investment	$ 586	907
Interest income recognized		3
Interest income recognized for cash payments received		$ 3

NOTE 3 - LOANS_LEASES RECEIV_10

NOTE 3 - LOANS/LEASES RECEIVABLE - Loans by Internally Assigned Risk Rating (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Loans and leases	$ 3,695,859	$ 3,681,346
Commercial Portfolio Segment [Member]
Loans and leases	1,484,979	1,507,825
Commercial Portfolio Segment [Member] | Internally Assigned Risk Rating [Member]
Loans and leases	1,339,720	1,365,847
Commercial Portfolio Segment [Member] | Pass [Member]
Loans and leases	1,309,540	1,334,446
Commercial Portfolio Segment [Member] | Special Mention [Member]
Loans and leases	11,805	12,962
Commercial Portfolio Segment [Member] | Substandard [Member]
Loans and leases	18,375	18,439
Commercial Real Estate Portfolio Segment [Member]
Loans and leases	1,783,086	1,736,396
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Commercial Real Estate Loans [Member]
Loans and leases	454,955	443,989
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member]
Loans and leases	410,383	378,797
Commercial Real Estate Portfolio Segment [Member] | Other Non-owner Occupied Commercial Real Estate Loans [Member]
Loans and leases	917,748	913,610
Commercial Real Estate Portfolio Segment [Member] | Internally Assigned Risk Rating [Member] | Owner Occupied Commercial Real Estate Loans [Member]
Loans and leases	454,955	443,989
Commercial Real Estate Portfolio Segment [Member] | Internally Assigned Risk Rating [Member] | Construction Loans [Member]
Loans and leases	410,383	378,797
Commercial Real Estate Portfolio Segment [Member] | Internally Assigned Risk Rating [Member] | Other Non-owner Occupied Commercial Real Estate Loans [Member]
Loans and leases	917,748	913,610
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | Owner Occupied Commercial Real Estate Loans [Member]
Loans and leases	449,463	439,418
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | Construction Loans [Member]
Loans and leases	408,341	378,572
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | Other Non-owner Occupied Commercial Real Estate Loans [Member]
Loans and leases	884,112	896,206
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member] | Owner Occupied Commercial Real Estate Loans [Member]
Loans and leases	3,665	3,044
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member] | Construction Loans [Member]
Loans and leases	722	41
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member] | Other Non-owner Occupied Commercial Real Estate Loans [Member]
Loans and leases	18,546	3,905
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | Owner Occupied Commercial Real Estate Loans [Member]
Loans and leases	1,827	1,527
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | Construction Loans [Member]
Loans and leases	1,320	184
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | Other Non-owner Occupied Commercial Real Estate Loans [Member]
Loans and leases	15,090	13,499
Commercial and Commercial Real Estate Portfolio Segments [Member] | Internally Assigned Risk Rating [Member]
Loans and leases	$ 3,122,806	$ 3,102,243
As a % of Total	100.00%	100.00%
Commercial and Commercial Real Estate Portfolio Segments [Member] | Pass [Member]
Loans and leases	$ 3,051,456	$ 3,048,642
As a % of Total	97.72%	98.28%
Commercial and Commercial Real Estate Portfolio Segments [Member] | Special Mention [Member]
Loans and leases	$ 34,738	$ 19,952
As a % of Total	1.11%	0.65%
Commercial and Commercial Real Estate Portfolio Segments [Member] | Substandard [Member]
Loans and leases	$ 36,612	$ 33,649
As a % of Total	1.17%	1.09%
Commercial and Commercial Real Estate Portfolio Segments [Member] | Doubtful [Member]
As a % of Total		0.01%

NOTE 3 - LOANS_LEASES RECEIV_11

NOTE 3 - LOANS/LEASES RECEIVABLE - Leases By Delinquency Status (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Loans and leases	$ 3,695,859	$ 3,681,346
Nonperforming Financial Instruments [Member]
Loans and leases	13,592	8,914
Commercial Portfolio Segment [Member]
Loans and leases	1,484,979	1,507,825
Commercial Portfolio Segment [Member] | Internally Assigned Risk Rating [Member]
Loans and leases	1,339,720	1,365,847
Commercial Portfolio Segment [Member] | Delinquency Status [Member]
Loans and leases	145,259	141,978
Commercial Portfolio Segment [Member] | Performing Less Than Ninety Days Past Due [Member}
Loans and leases	144,148	140,992
Commercial Portfolio Segment [Member] | Non Performing Greater Than Ninety Days Past Due [Member]
Loans and leases	1,111	986
Commercial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member]
Loans and leases	1,886	1,882
Finance Leases Portfolio Segment [Member]
Loans and leases	83,324	87,869
Finance Leases Portfolio Segment [Member] | Delinquency Status [Member]
Loans and leases	83,324	87,869
Finance Leases Portfolio Segment [Member] | Performing Less Than Ninety Days Past Due [Member}
Loans and leases	81,973	86,019
Finance Leases Portfolio Segment [Member] | Non Performing Greater Than Ninety Days Past Due [Member]
Loans and leases	1,351	1,850
Finance Leases Portfolio Segment [Member] | Nonperforming Financial Instruments [Member]
Loans and leases	1,351	1,850
Residential Portfolio Segment [Member]
Loans and leases	237,742	239,904
Residential Portfolio Segment [Member] | Delinquency Status [Member]
Loans and leases	237,742	239,904
Residential Portfolio Segment [Member] | Performing Less Than Ninety Days Past Due [Member}
Loans and leases	237,002	239,198
Residential Portfolio Segment [Member] | Non Performing Greater Than Ninety Days Past Due [Member]
Loans and leases	740	706
Residential Portfolio Segment [Member] | Nonperforming Financial Instruments [Member]
Loans and leases	740	706
Consumer Portfolio Segment [Member]
Loans and leases	106,728	109,352
Consumer Portfolio Segment [Member] | Delinquency Status [Member]
Loans and leases	106,728	109,352
Consumer Portfolio Segment [Member] | Performing Less Than Ninety Days Past Due [Member}
Loans and leases	106,000	108,763
Consumer Portfolio Segment [Member] | Non Performing Greater Than Ninety Days Past Due [Member]
Loans and leases	728	589
Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member]
Loans and leases	728	589
Commercial and Commercial Real Estate Portfolio Segments [Member] | Internally Assigned Risk Rating [Member]
Loans and leases	$ 3,122,806	$ 3,102,243
As a % of Total	100.00%	100.00%
Lease Residential and Consumer Portfolio Segments [Member] | Delinquency Status [Member]
Loans and leases	$ 573,053	$ 579,103
As a % of Total	100.00%	100.00%
Lease Residential and Consumer Portfolio Segments [Member] | Performing Less Than Ninety Days Past Due [Member}
Loans and leases	$ 569,123	$ 574,972
As a % of Total	99.31%	99.29%
Lease Residential and Consumer Portfolio Segments [Member] | Non Performing Greater Than Ninety Days Past Due [Member]
Loans and leases	$ 3,930	$ 4,131
As a % of Total	0.69%	0.71%

NOTE 3 - LOANS_LEASES RECEIV_12

NOTE 3 - LOANS/LEASES RECEIVABLE - Troubled Debt Restructurings (Details) - Payment Deferral [Member] $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)loan	Mar. 31, 2019USD ($)loan
Number of Loans / Leases | loan	3	4
Pre-Modification Recorded Investment	$ 179	$ 122
Post-Modification Recorded Investment	$ 179	$ 122
Finance Leases Portfolio Segment [Member]
Number of Loans / Leases | loan	1	4
Pre-Modification Recorded Investment	$ 68	$ 122
Post-Modification Recorded Investment	$ 68	$ 122
Commercial Portfolio Segment [Member]
Number of Loans / Leases | loan	2
Pre-Modification Recorded Investment	$ 111
Post-Modification Recorded Investment	$ 111

NOTE 4 - DERIVATIVES AND HEDG_3

NOTE 4 - DERIVATIVES AND HEDGING ACTIVITIES (Details) - USD ($) $ in Thousands	Dec. 03, 2019	Mar. 31, 2020	Dec. 31, 2019
Deposits		$ 4,170,478	$ 3,911,051
Cash Flow Hedging [Member]
Deposits			$ 375,000
Interest rate cap | Cash Flow Hedging [Member]
Initial premium paid upfront for the two caps	$ 4,300

NOTE 4 - DERIVATIVES AND HEDG_4

NOTE 4 - DERIVATIVES AND HEDGING ACTIVITIES - Summary of Interest Rate Swaps Derivatives (Details) - Designated as Hedging Instrument [Member] - Cash Flow Hedging [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Other Assets | Derivative Instrument One Maturing 2023 [Member]
Notional Amount	$ 25,000
Fair Value - Asset	$ 18	$ 112
Other Assets | Derivative Instrument One Maturing 2023 [Member] | London Interbank Offered Rate (LIBOR)
Derivative, Basis Spread on Variable Rate	1.75%
Other Assets | Derivative Instrument Two Maturing 2023 [Member]
Notional Amount	$ 50,000
Fair Value - Asset	$ 35	218
Other Assets | Derivative Instrument Two Maturing 2023 [Member] | London Interbank Offered Rate (LIBOR)
Derivative, Basis Spread on Variable Rate	1.57%
Other Assets | Derivative Instrument Three Maturing 2023 [Member]
Notional Amount	$ 25,000
Fair Value - Asset	$ 16	96
Other Assets | Derivative Instrument Three Maturing 2023 [Member] | London Interbank Offered Rate (LIBOR)
Derivative, Basis Spread on Variable Rate	1.90%
Other Assets | Derivative Instrument Four Maturing 2023 [Member]
Notional Amount	$ 25,000
Fair Value - Asset	$ 17	109
Other Assets | Derivative Instrument Four Maturing 2023 [Member] | London Interbank Offered Rate (LIBOR)
Derivative, Basis Spread on Variable Rate	1.80%
Other Assets | Derivative Instrument One Maturing 2024 [Member]
Notional Amount	$ 25,000
Fair Value - Asset	$ 47	214
Other Assets | Derivative Instrument One Maturing 2024 [Member] | London Interbank Offered Rate (LIBOR)
Derivative, Basis Spread on Variable Rate	1.75%
Other Assets | Derivative Instrument Two Maturing 2024 [Member]
Notional Amount	$ 50,000
Fair Value - Asset	$ 85	401
Other Assets | Derivative Instrument Two Maturing 2024 [Member] | London Interbank Offered Rate (LIBOR)
Derivative, Basis Spread on Variable Rate	1.57%
Other Assets | Derivative Instrument Three Maturing 2024 [Member]
Notional Amount	$ 25,000
Fair Value - Asset	$ 44	202
Other Assets | Derivative Instrument Three Maturing 2024 [Member] | London Interbank Offered Rate (LIBOR)
Derivative, Basis Spread on Variable Rate	1.90%
Other Assets | Derivative Instrument Four Maturing 2024 [Member]
Notional Amount	$ 25,000
Fair Value - Asset	$ 42	201
Other Assets | Derivative Instrument Four Maturing 2024 [Member] | London Interbank Offered Rate (LIBOR)
Derivative, Basis Spread on Variable Rate	1.80%
Other Assets | Derivative Instrument One Maturing 2025 [Member]
Notional Amount	$ 25,000
Fair Value - Asset	$ 94	337
Other Assets | Derivative Instrument One Maturing 2025 [Member] | London Interbank Offered Rate (LIBOR)
Derivative, Basis Spread on Variable Rate	1.75%
Other Assets | Derivative Instrument Two Maturing 2025 [Member]
Notional Amount	$ 50,000
Fair Value - Asset	$ 171	617
Other Assets | Derivative Instrument Two Maturing 2025 [Member] | London Interbank Offered Rate (LIBOR)
Derivative, Basis Spread on Variable Rate	1.57%
Other Assets | Derivative Instrument Three Maturing 2025 [Member]
Notional Amount	$ 25,000
Fair Value - Asset	$ 94	332
Other Assets | Derivative Instrument Three Maturing 2025 [Member] | London Interbank Offered Rate (LIBOR)
Derivative, Basis Spread on Variable Rate	1.90%
Other Assets | Derivative Instrument Four Maturing 2025 [Member]
Notional Amount	$ 25,000
Fair Value - Asset	$ 86	309
Other Assets | Derivative Instrument Four Maturing 2025 [Member] | London Interbank Offered Rate (LIBOR)
Derivative, Basis Spread on Variable Rate	1.80%
Other Assets | Interest rate swap
Notional Amount	$ 375,000
Fair Value - Asset	749	3,148
Derivative Liabilities | Interest rate swap
Notional Amount	79,000
Fair Value - Liability	$ (8,520)	(3,758)
Receive Rate	3.66%
Pay Rate	5.24%
Derivative Liabilities | CRBT - FHLB Advances or Brokered CDs [Member]
Notional Amount	$ 30,000
Fair Value - Liability	$ (644)
Receive Rate	0.89%
Pay Rate	1.12%
Derivative Liabilities | SFCB - FHLB Advances or Brokered CDs [Member]
Notional Amount	$ 10,000
Fair Value - Liability	$ (162)
Receive Rate	0.74%
Pay Rate	0.95%
Derivative Liabilities | QCR Holdings Statutory Trust II
Notional Amount	$ 10,000
Fair Value - Liability	$ (1,992)	(971)
Receive Rate	4.30%
Pay Rate	5.85%
Derivative Liabilities | QCR Holdings Statutory Trust III
Notional Amount	$ 8,000
Fair Value - Liability	$ (1,594)	(777)
Receive Rate	4.30%
Pay Rate	5.85%
Derivative Liabilities | QCR Holdings Statutory Trust V
Notional Amount	$ 10,000
Fair Value - Liability	$ (1,935)	(944)
Receive Rate	3.54%
Pay Rate	4.54%
Derivative Liabilities | Community National Statutory Trust II
Notional Amount	$ 3,000
Fair Value - Liability	$ (597)	(291)
Receive Rate	3.29%
Pay Rate	5.17%
Derivative Liabilities | Community National Statutory Trust III
Notional Amount	$ 3,500
Fair Value - Liability	$ (698)	(339)
Receive Rate	2.49%
Pay Rate	4.75%
Derivative Liabilities | Guaranty Bankshares Statutory Trust I
Notional Amount	$ 4,500
Fair Value - Liability	$ (898)	$ (436)
Receive Rate	2.49%
Pay Rate	4.75%

NOTE 4 - DERIVATIVES AND HEDG_5

NOTE 4 - DERIVATIVES AND HEDGING ACTIVITIES - Significantly Impact of operations (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Derivative Assets	$ 195,973		$ 87,827
Derivative Liabilities	203,744		88,437
Fee Income On Derivative Contracts	6,800	$ 3,200	28,300
Not Designated as Hedging Instrument [Member] | Interest rate swap
Derivative Asset, Notional Amount	915,109		787,221
Derivative Assets	195,224		84,679
Derivative Liability, Notional Amount	915,109		787,221
Derivative Liabilities	$ 195,224		$ 84,679

NOTE 5 - EARNINGS PER SHARE - B

NOTE 5 - EARNINGS PER SHARE - Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
EARNINGS PER SHARE
Net income	$ 11,228	$ 12,918
Basic EPS	$ 0.71	$ 0.82
Diluted EPS	$ 0.70	$ 0.81
Weighted average common shares outstanding (in shares)	15,796,796	15,693,345
Weighted average common shares issuable upon exercise of stock options and under the employee stock purchase plan (in shares)	214,660	229,595
Weighted average common and common equivalent shares outstanding (in shares)	16,011,456	15,922,940

NOTE 6 - FAIR VALUE (Details)

NOTE 6 - FAIR VALUE (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Securities available for sale, at fair value	$ 253,288	$ 210,695
Derivatives	195,973	87,827
Assets Fair Value	9,624	7,853
Derivatives	203,744	88,437
Fair Value, Inputs, Level 3 [Member]
Assets Fair Value	9,624	7,853
Fair Value, Measurements, Recurring [Member]
Derivatives	195,973	87,827
Assets Fair Value	449,261	298,522
Liabilities Fair Value	203,744	88,437
Fair Value, Measurements, Recurring [Member] | Interest rate swap
Derivatives	203,744	88,437
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Derivatives	195,973	87,827
Assets Fair Value	449,261	298,522
Liabilities Fair Value	203,744	88,437
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Interest rate swap
Derivatives	203,744	88,437
U.S. govt. sponsored agency securities
Securities available for sale, at fair value	19,457	20,078
U.S. govt. sponsored agency securities | Fair Value, Measurements, Recurring [Member]
Securities available for sale, at fair value	19,457	20,078
U.S. govt. sponsored agency securities | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Securities available for sale, at fair value	19,457	20,078
Residential mortgage-backed and related securities
Securities available for sale, at fair value	122,853	120,587
Residential mortgage-backed and related securities | Fair Value, Measurements, Recurring [Member]
Securities available for sale, at fair value	122,853	120,587
Residential mortgage-backed and related securities | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Securities available for sale, at fair value	122,853	120,587
Asset-backed securities
Securities available for sale, at fair value	28,499	16,887
Asset-backed securities | Fair Value, Measurements, Recurring [Member]
Securities available for sale, at fair value	28,499	16,887
Asset-backed securities | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Securities available for sale, at fair value	28,499	16,887
Municipal securities
Securities available for sale, at fair value	63,431	48,257
Municipal securities | Fair Value, Measurements, Recurring [Member]
Securities available for sale, at fair value	63,431	48,257
Municipal securities | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Securities available for sale, at fair value	63,431	48,257
Other Securities
Securities available for sale, at fair value	19,048	4,886
Other Securities | Fair Value, Measurements, Recurring [Member]
Securities available for sale, at fair value	19,048	4,886
Other Securities | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Securities available for sale, at fair value	19,048	4,886
Impaired Loans Leases [Member]
Assets Fair Value	6,062	3,394
Impaired Loans Leases [Member] | Fair Value, Inputs, Level 3 [Member]
Assets Fair Value	6,062	3,394
Other Real Estate Owned [Member]
Assets Fair Value	3,562	4,459
Other Real Estate Owned [Member] | Fair Value, Inputs, Level 3 [Member]
Assets Fair Value	$ 3,562	$ 4,459

NOTE 6 - FAIR VALUE - Quantitat

NOTE 6 - FAIR VALUE - Quantitative Information About Level Fair Value Measurements (Details) $ in Thousands	Mar. 31, 2020USD ($)item	Dec. 31, 2019USD ($)
Fair value	$ 9,624	$ 7,853
Impaired Loans Leases [Member]
Fair value	$ 6,062	3,394
Valuation technique	qcrh:ValuationTechniqueAppraisalOfCollateralMember
Unobservable input	us-gaap:MeasurementInputAppraisedValueMember
Impaired Loans Leases [Member] | Minimum
Impaired loans/leases, measurement input | item	(10)
Impaired Loans Leases [Member] | Maximum
Impaired loans/leases, measurement input | item	(30)
Other Real Estate Owned [Member]
Fair value	$ 3,562	4,459
Valuation technique, OREO	qcrh:ValuationTechniqueAppraisalOfCollateralMember
Unobservable input, OREO	us-gaap:MeasurementInputAppraisedValueMember
Other Real Estate Owned [Member] | Minimum
OREO, measurement input | item	0
Other Real Estate Owned [Member] | Maximum
OREO, measurement input | item	(35)
Fair Value, Inputs, Level 3 [Member]
Fair value	$ 9,624	7,853
Fair Value, Inputs, Level 3 [Member] | Impaired Loans Leases [Member]
Fair value	6,062	3,394
Fair Value, Inputs, Level 3 [Member] | Other Real Estate Owned [Member]
Fair value	$ 3,562	$ 4,459

NOTE 6 - FAIR VALUE - Carrying

NOTE 6 - FAIR VALUE - Carrying Values and Estimated Fair Values of Financial Assets and Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Interest-bearing deposits at financial institutions	$ 202,013		$ 147,891
Securities held to maturity, fair value	450,401		426,545
Securities available for sale, at fair value	253,288		210,695
Derivatives	195,973		87,827
Subordinated notes		$ 63,393
Interest rate swaps - liabilities	203,744		88,437
Fair Value, Inputs, Level 1 [Member] | Reported Value Measurement [Member]
Cash and due from banks	169,827		76,254
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member]
Cash and due from banks	169,827		76,254
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member]
Federal funds sold	4,695		9,800
Securities held to maturity, fair value	431,283		400,646
Securities available for sale, at fair value	253,288		210,695
Loans/leases receivable, net	3,656,822		3,651,061
Short-term borrowings	43,067		13,423
FHLB advances	95,000		159,300
Subordinated notes	68,455		68,394
Junior subordinated debentures	37,877		37,838
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | Non-maturity Deposits [Member]
Deposits	3,292,795		3,184,726
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | Time Deposits [Member]
Deposits	877,683		726,325
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | Interest rate cap
Derivatives	195,973		87,827
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | Interest rate swap
Interest rate swaps - liabilities	203,744		88,437
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | Interest-bearing Deposits [Member]
Interest-bearing deposits at financial institutions	202,013		147,891
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member]
Federal funds sold	4,695		9,800
Securities held to maturity, fair value	450,401		426,545
Securities available for sale, at fair value	253,288		210,695
Loans/leases receivable, net	3,624,689		3,606,520
Short-term borrowings	43,067		13,423
FHLB advances	96,515		159,193
Subordinated notes	68,673		68,563
Junior subordinated debentures	30,541		30,477
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Non-maturity Deposits [Member]
Deposits	3,292,795		3,184,726
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Time Deposits [Member]
Deposits	887,294		742,444
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Interest rate cap
Derivatives	195,973		87,827
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Interest rate swap
Interest rate swaps - liabilities	203,744		88,437
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Interest-bearing Deposits [Member]
Interest-bearing deposits at financial institutions	202,013		147,891
Fair Value, Inputs, Level 3 [Member] | Reported Value Measurement [Member]
Loans/leases receivable, net	5,613		3,143
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member]
Loans/leases receivable, net	6,062		3,394
Fair Value, Measurements, Recurring [Member]
Derivatives	195,973		87,827
Fair Value, Measurements, Recurring [Member] | Interest rate swap
Interest rate swaps - liabilities	203,744		88,437
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Derivatives	195,973		87,827
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Interest rate swap
Interest rate swaps - liabilities	$ 203,744		$ 88,437

NOTE 7 - BUSINESS SEGMENT INF_3

NOTE 7 - BUSINESS SEGMENT INFORMATION - (Details) $ in Thousands	Mar. 31, 2020USD ($)subsidiary
Number of subsidiaries commercial banks	4
Commercial Banking
Number of subsidiaries commercial banks	4
Wealth Management Segment [Member]
Assets allocated | $	$ 0

NOTE 7 - BUSINESS SEGMENT INF_4

NOTE 7 - BUSINESS SEGMENT INFORMATION - Selected Financial Information on the Company's Business Segments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Total revenue	$ 64,178	$ 64,095
Net interest income	37,698	36,908
Provision for loan/lease losses	8,367	2,134
Net income (loss)	11,228	12,918
Goodwill	74,248	77,872	$ 74,748
Intangibles	14,421	16,918	14,970
Total assets	5,232,075	5,066,662	$ 4,909,050
Intersegment Eliminations [Member]
Total revenue	(15,715)	(14,658)
Net interest income	230
Net income (loss)	(15,255)	(14,450)
Total assets	(670,632)	(601,432)
Commercial Banking | QCBT | Operating Segments [Member]
Total revenue	19,499	18,544
Net interest income	14,428	12,139
Provision for loan/lease losses	3,183	1,020
Net income (loss)	4,903	4,185
Goodwill	3,223	3,223
Total assets	1,914,785	1,660,374
Commercial Banking | CRBT | Operating Segments [Member]
Total revenue	21,995	19,244
Net interest income	11,386	10,407
Provision for loan/lease losses	2,250	425
Net income (loss)	6,377	5,100
Goodwill	14,980	14,980
Intangibles	2,560	3,061
Total assets	1,719,773	1,446,637
Commercial Banking | CSB | Operating Segments [Member]
Total revenue	10,051	9,270
Net interest income	7,500	6,966
Provision for loan/lease losses	1,964	150
Net income (loss)	1,038	2,157
Goodwill	9,888	9,888
Intangibles	3,812	4,501
Total assets	863,903	785,076
Commercial Banking | SFC Bank | Operating Segments [Member]
Total revenue	8,691	7,288
Net interest income	5,642	5,227
Provision for loan/lease losses	970	500
Net income (loss)	2,207	1,653
Goodwill	45,975	45,975
Intangibles	6,573	7,501
Total assets	708,735	638,542
Wealth Management Segment [Member] | Operating Segments [Member]
Total revenue	4,039	4,229
Net income (loss)	821	1,158
Other Segments | Operating Segments [Member]
Total revenue	15,618	20,178
Net interest income	(1,488)	2,169
Provision for loan/lease losses		39
Net income (loss)	11,137	13,115
Goodwill	182	3,806
Intangibles	1,476	1,855
Total assets	$ 695,511	$ 1,137,465

NOTE 8 - REGULATORY CAPITAL R_3

NOTE 8 - REGULATORY CAPITAL REQUIREMENTS - Capital Requirements (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Total risk-based capital, actual, amount	$ 601,259	$ 581,234
Total risk-based capital, actual, ratio	13.54%	13.33%
Total risk-based capital for capital adequacy purposes, amount, without capital conservation buffer	$ 355,226	$ 348,937
Total risk-based capital for capital adequacy purposes, ratio, without capital conservation buffer	8.00%	8.00%
Total risk-based capital for capital adequacy purposes, amount	$ 466,233	$ 457,980
Total risk-based capital for capital adequacy purposes, ratio	10.50%	10.50%
Total risk-based capital to be well capitalized under prompt corrective action provisions, amount	$ 444,032	$ 436,171
Total risk-based capital to be well capitalized under prompt corrective action provisions, ratio	10.00%	10.00%
Tier 1 risk-based capital, actual, amount	$ 495,455	$ 481,702
Tier 1 risk-based capital, actual, ratio	11.16%	11.04%
Tier 1 risk-based capital for capital adequacy purposes, amount, without capital conservation buffer	$ 266,419	$ 261,703
Tier 1 risk-based capital for capital adequacy purposes, ratio, without capital conservation buffer	6.00%	6.00%
Tier 1 risk-based capital for capital adequacy purposes, amount	$ 377,427	$ 370,746
Tier 1 risk-based capital for capital adequacy purposes, ratio	8.50%	8.50%
Tier 1 risk-based capital to be well capitalized under prompt corrective action provisions, amount	$ 355,226	$ 348,937
Tier 1 risk-based capital to be well capitalized under prompt corrective action provisions, ratio	8.00%	8.00%
Tier 1 leverage, actual, amount	$ 495,455	$ 481,702
Tier 1 leverage, actual, ratio	10.19%	9.53%
Tier 1 leverage for capital adequacy purposes, amount, without capital conservation buffer	$ 194,477	$ 202,207
Tier 1 leverage for capital adequacy purposes, ratio, without capital conservation buffer	4.00%	4.00%
Tier 1 leverage for capital adequacy purposes, amount	$ 194,477	$ 202,207
Tier 1 leverage for capital adequacy purposes, ratio	4.00%	4.00%
Tier 1 leverage to be well capitalized under prompt corrective action provisions, amount	$ 243,097	$ 252,758
Tier 1 leverage to be well capitalized under prompt corrective action provisions, ratio	5.00%	5.00%
Common equity Tier 1, actual, amount	$ 457,578	$ 443,864
Common equity Tier 1, actual ratio	10.31%	10.18%
Common equity Tier 1 for capital adequacy purposes, amount, without capital conservation buffer	$ 199,814	$ 196,277
Common equity Tier 1 for capital adequacy purposes, ratio, without capital conservation buffer	4.50%	4.50%
Common equity Tier 1 for capital adequacy purposes, amount	$ 310,822	$ 305,320
Common equity Tier 1 for capital adequacy purposes, ratio	7.00%	7.00%
Common equity Tier 1 to be well capitalized under prompt corrective action provisions, amount	$ 288,621	$ 283,511
Common equity Tier 1 to be well capitalized under prompt corrective action provisions, ratio	6.50%	6.50%
QCBT
Total risk-based capital, actual, amount	$ 191,590	$ 183,855
Total risk-based capital, actual, ratio	12.03%	11.83%
Total risk-based capital for capital adequacy purposes, amount, without capital conservation buffer	$ 127,429	$ 124,362
Total risk-based capital for capital adequacy purposes, ratio, without capital conservation buffer	8.00%	8.00%
Total risk-based capital for capital adequacy purposes, amount	$ 167,251	$ 163,225
Total risk-based capital for capital adequacy purposes, ratio	10.50%	10.50%
Total risk-based capital to be well capitalized under prompt corrective action provisions, amount	$ 159,287	$ 155,452
Total risk-based capital to be well capitalized under prompt corrective action provisions, ratio	10.00%	10.00%
Tier 1 risk-based capital, actual, amount	$ 175,861	$ 170,137
Tier 1 risk-based capital, actual, ratio	11.04%	10.94%
Tier 1 risk-based capital for capital adequacy purposes, amount, without capital conservation buffer	$ 95,572	$ 93,271
Tier 1 risk-based capital for capital adequacy purposes, ratio, without capital conservation buffer	6.00%	6.00%
Tier 1 risk-based capital for capital adequacy purposes, amount	$ 135,394	$ 132,134
Tier 1 risk-based capital for capital adequacy purposes, ratio	8.50%	8.50%
Tier 1 risk-based capital to be well capitalized under prompt corrective action provisions, amount	$ 127,429	$ 124,362
Tier 1 risk-based capital to be well capitalized under prompt corrective action provisions, ratio	8.00%	8.00%
Tier 1 leverage, actual, amount	$ 175,861	$ 170,137
Tier 1 leverage, actual, ratio	10.07%	9.94%
Tier 1 leverage for capital adequacy purposes, amount, without capital conservation buffer	$ 69,825	$ 68,479
Tier 1 leverage for capital adequacy purposes, ratio, without capital conservation buffer	4.00%	4.00%
Tier 1 leverage for capital adequacy purposes, amount	$ 69,825	$ 68,479
Tier 1 leverage for capital adequacy purposes, ratio	4.00%	4.00%
Tier 1 leverage to be well capitalized under prompt corrective action provisions, amount	$ 87,282	$ 85,598
Tier 1 leverage to be well capitalized under prompt corrective action provisions, ratio	5.00%	5.00%
Common equity Tier 1, actual, amount	$ 175,861	$ 170,137
Common equity Tier 1, actual ratio	11.04%	10.94%
Common equity Tier 1 for capital adequacy purposes, amount, without capital conservation buffer	$ 71,679	$ 69,953
Common equity Tier 1 for capital adequacy purposes, ratio, without capital conservation buffer	4.50%	4.50%
Common equity Tier 1 for capital adequacy purposes, amount	$ 111,501	$ 108,817
Common equity Tier 1 for capital adequacy purposes, ratio	7.00%	7.00%
Common equity Tier 1 to be well capitalized under prompt corrective action provisions, amount	$ 103,536	$ 101,044
Common equity Tier 1 to be well capitalized under prompt corrective action provisions, ratio	6.50%	6.50%
CRBT
Total risk-based capital, actual, amount	$ 184,319	$ 175,498
Total risk-based capital, actual, ratio	12.21%	11.90%
Total risk-based capital for capital adequacy purposes, amount, without capital conservation buffer	$ 120,785	$ 117,953
Total risk-based capital for capital adequacy purposes, ratio, without capital conservation buffer	8.00%	8.00%
Total risk-based capital for capital adequacy purposes, amount	$ 158,531	$ 154,813
Total risk-based capital for capital adequacy purposes, ratio	10.50%	10.50%
Total risk-based capital to be well capitalized under prompt corrective action provisions, amount	$ 150,982	$ 147,441
Total risk-based capital to be well capitalized under prompt corrective action provisions, ratio	10.00%	10.00%
Tier 1 risk-based capital, actual, amount	$ 168,693	$ 162,127
Tier 1 risk-based capital, actual, ratio	11.17%	11.00%
Tier 1 risk-based capital for capital adequacy purposes, amount, without capital conservation buffer	$ 90,589	$ 88,465
Tier 1 risk-based capital for capital adequacy purposes, ratio, without capital conservation buffer	6.00%	6.00%
Tier 1 risk-based capital for capital adequacy purposes, amount	$ 128,334	$ 125,325
Tier 1 risk-based capital for capital adequacy purposes, ratio	8.50%	8.50%
Tier 1 risk-based capital to be well capitalized under prompt corrective action provisions, amount	$ 120,785	$ 117,953
Tier 1 risk-based capital to be well capitalized under prompt corrective action provisions, ratio	8.00%	8.00%
Tier 1 leverage, actual, amount	$ 168,693	$ 162,127
Tier 1 leverage, actual, ratio	10.53%	10.41%
Tier 1 leverage for capital adequacy purposes, amount, without capital conservation buffer	$ 64,084	$ 62,286
Tier 1 leverage for capital adequacy purposes, ratio, without capital conservation buffer	4.00%	4.00%
Tier 1 leverage for capital adequacy purposes, amount	$ 64,084	$ 62,286
Tier 1 leverage for capital adequacy purposes, ratio	4.00%	4.00%
Tier 1 leverage to be well capitalized under prompt corrective action provisions, amount	$ 80,105	$ 77,857
Tier 1 leverage to be well capitalized under prompt corrective action provisions, ratio	5.00%	5.00%
Common equity Tier 1, actual, amount	$ 168,693	$ 162,127
Common equity Tier 1, actual ratio	11.17%	11.00%
Common equity Tier 1 for capital adequacy purposes, amount, without capital conservation buffer	$ 67,942	$ 66,349
Common equity Tier 1 for capital adequacy purposes, ratio, without capital conservation buffer	4.50%	4.50%
Common equity Tier 1 for capital adequacy purposes, amount	$ 105,687	$ 103,209
Common equity Tier 1 for capital adequacy purposes, ratio	7.00%	7.00%
Common equity Tier 1 to be well capitalized under prompt corrective action provisions, amount	$ 98,138	$ 95,837
Common equity Tier 1 to be well capitalized under prompt corrective action provisions, ratio	6.50%	6.50%
CSB
Total risk-based capital, actual, amount	$ 94,289	$ 92,095
Total risk-based capital, actual, ratio	12.59%	12.32%
Total risk-based capital for capital adequacy purposes, amount, without capital conservation buffer	$ 59,930	$ 59,813
Total risk-based capital for capital adequacy purposes, ratio, without capital conservation buffer	8.00%	8.00%
Total risk-based capital for capital adequacy purposes, amount	$ 78,658	$ 78,504
Total risk-based capital for capital adequacy purposes, ratio	10.50%	10.50%
Total risk-based capital to be well capitalized under prompt corrective action provisions, amount	$ 74,912	$ 74,766
Total risk-based capital to be well capitalized under prompt corrective action provisions, ratio	10.00%	10.00%
Tier 1 risk-based capital, actual, amount	$ 86,636	$ 85,437
Tier 1 risk-based capital, actual, ratio	11.57%	11.43%
Tier 1 risk-based capital for capital adequacy purposes, amount, without capital conservation buffer	$ 44,947	$ 44,860
Tier 1 risk-based capital for capital adequacy purposes, ratio, without capital conservation buffer	6.00%	6.00%
Tier 1 risk-based capital for capital adequacy purposes, amount	$ 63,675	$ 63,551
Tier 1 risk-based capital for capital adequacy purposes, ratio	8.50%	8.50%
Tier 1 risk-based capital to be well capitalized under prompt corrective action provisions, amount	$ 59,930	$ 59,813
Tier 1 risk-based capital to be well capitalized under prompt corrective action provisions, ratio	8.00%	8.00%
Tier 1 leverage, actual, amount	$ 86,636	$ 85,437
Tier 1 leverage, actual, ratio	10.25%	10.39%
Tier 1 leverage for capital adequacy purposes, amount, without capital conservation buffer	$ 33,808	$ 32,902
Tier 1 leverage for capital adequacy purposes, ratio, without capital conservation buffer	4.00%	4.00%
Tier 1 leverage for capital adequacy purposes, amount	$ 33,808	$ 32,902
Tier 1 leverage for capital adequacy purposes, ratio	4.00%	4.00%
Tier 1 leverage to be well capitalized under prompt corrective action provisions, amount	$ 42,261	$ 41,128
Tier 1 leverage to be well capitalized under prompt corrective action provisions, ratio	5.00%	5.00%
Common equity Tier 1, actual, amount	$ 86,636	$ 85,437
Common equity Tier 1, actual ratio	11.57%	11.43%
Common equity Tier 1 for capital adequacy purposes, amount, without capital conservation buffer	$ 33,710	$ 33,645
Common equity Tier 1 for capital adequacy purposes, ratio, without capital conservation buffer	4.50%	4.50%
Common equity Tier 1 for capital adequacy purposes, amount	$ 52,439	$ 52,336
Common equity Tier 1 for capital adequacy purposes, ratio	7.00%	7.00%
Common equity Tier 1 to be well capitalized under prompt corrective action provisions, amount	$ 48,693	$ 48,598
Common equity Tier 1 to be well capitalized under prompt corrective action provisions, ratio	6.50%	6.50%
Springfield First Community Bank [Member]
Total risk-based capital, actual, amount	$ 74,501	$ 71,074
Total risk-based capital, actual, ratio	12.49%	12.72%
Total risk-based capital for capital adequacy purposes, amount, without capital conservation buffer	$ 47,723	$ 44,704
Total risk-based capital for capital adequacy purposes, ratio, without capital conservation buffer	8.00%	8.00%
Total risk-based capital for capital adequacy purposes, amount	$ 62,636	$ 58,674
Total risk-based capital for capital adequacy purposes, ratio	10.50%	10.50%
Total risk-based capital to be well capitalized under prompt corrective action provisions, amount	$ 59,654	$ 55,880
Total risk-based capital to be well capitalized under prompt corrective action provisions, ratio	10.00%	10.00%
Tier 1 risk-based capital, actual, amount	$ 66,392	$ 63,956
Tier 1 risk-based capital, actual, ratio	11.13%	11.45%
Tier 1 risk-based capital for capital adequacy purposes, amount, without capital conservation buffer	$ 35,792	$ 33,528
Tier 1 risk-based capital for capital adequacy purposes, ratio, without capital conservation buffer	6.00%	6.00%
Tier 1 risk-based capital for capital adequacy purposes, amount	$ 50,706	$ 47,498
Tier 1 risk-based capital for capital adequacy purposes, ratio	8.50%	8.50%
Tier 1 risk-based capital to be well capitalized under prompt corrective action provisions, amount	$ 47,723	$ 44,704
Tier 1 risk-based capital to be well capitalized under prompt corrective action provisions, ratio	8.00%	8.00%
Tier 1 leverage, actual, amount	$ 66,392	$ 63,956
Tier 1 leverage, actual, ratio	10.43%	9.70%
Tier 1 leverage for capital adequacy purposes, amount, without capital conservation buffer	$ 25,470	$ 26,379
Tier 1 leverage for capital adequacy purposes, ratio, without capital conservation buffer	4.00%	4.00%
Tier 1 leverage for capital adequacy purposes, amount	$ 25,470	$ 26,379
Tier 1 leverage for capital adequacy purposes, ratio	4.00%	4.00%
Tier 1 leverage to be well capitalized under prompt corrective action provisions, amount	$ 31,838	$ 32,974
Tier 1 leverage to be well capitalized under prompt corrective action provisions, ratio	5.00%	5.00%
Common equity Tier 1, actual, amount	$ 66,392	$ 63,956
Common equity Tier 1, actual ratio	11.13%	11.45%
Common equity Tier 1 for capital adequacy purposes, amount, without capital conservation buffer	$ 26,844	$ 25,146
Common equity Tier 1 for capital adequacy purposes, ratio, without capital conservation buffer	4.50%	4.50%
Common equity Tier 1 for capital adequacy purposes, amount	$ 41,758	$ 39,116
Common equity Tier 1 for capital adequacy purposes, ratio	7.00%	7.00%
Common equity Tier 1 to be well capitalized under prompt corrective action provisions, amount	$ 38,775	$ 36,322
Common equity Tier 1 to be well capitalized under prompt corrective action provisions, ratio	6.50%	6.50%

NOTE 9 - SUBSEQUENT EVENT (Deta

NOTE 9 - SUBSEQUENT EVENT (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Apr. 02, 2020
Subsequent Event [Line Items]
Goodwill impairment	$ 500,000
Bates Companies [Member] | Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member]
Subsequent Event [Line Items]
Goodwill impairment	$ 500,000
Bates Companies [Member] | Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | Minimum | Subsequent Event [Member]
Subsequent Event [Line Items]
Consideration received		$ 500,000
Earnout Agreement Cancellation [Member] | Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Consideration received		$ 1,600,000