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Note 12 - Junior Subordinated Debentures | 12 Months Ended
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Dec. 31, 2017
Notes to Financial Statements |
Subordinated Borrowings Disclosure [Text Block] | Note 1 2 . Junior Subordinated Debentures Junior subordinated debentures are summarized as of December 31, 2017 and 2016 as follows:
|  | 2017 |  |  | 2016 |
Note Payable to QCR Holdings Capital Trust II |  | $ | 10,310,000 |  |  | $ | 10,310,000 |
Note Payable to QCR Holdings Capital Trust III |  |  | 8,248,000 |  |  |  | 8,248,000 |
Note Payable to QCR Holdings Capital Trust V |  |  | 10,310,000 |  |  |  | 10,310,000 |
Note Payable to Community National Trust II |  |  | 3,093,000 |  |  |  | 3,093,000 |
Note Payable to Community National Trust III |  |  | 3,609,000 |  |  |  | 3,609,000 |
Note Payable to Guaranty Bankshares Statutory Trust I* |  |  | 4,640,000 |  |  |  | - |
Market Value Discount per ASC 805** |  |  | (2,723,513 | ) |  |  | (2,089,798 | )
|  | $ | 37,486,487 |  |  | $ | 33,480,202 |
| * | As part of the acquisition of Guaranty Bank, the Company assumed one junior subordinated debenture with a fair value of $3,857,275.
| ** | Discount on junior subordinated debt acquired in 2013 as part of the purchase of Community National and junior subordinated debt acquired in 2017 as part of the purchase of Guaranty Bank.
A schedule of the Company ’s non-consolidated subsidiaries formed for the issuance of trust preferred securities, including the amounts outstanding as of December 31, 2017 and 2016, is as follows:
Name |  | Date Issued |  | Amount Outstanding December 31, 2017 |  |  | Amount Outstanding December 31, 2016 |  | Interest Rate |  | Interest Rate as of December 31, 2017 |  |  | Interest Rate as of December 31, 2016 |
QCR Holdings Statutory Trust II* |  | February 2004 |  | $ | 10,310,000 |  |  | $ | 10,310,000 |  | 2.85% over 3-month LIBOR |  |  | 4.54% |  |  |  | 3.85% |
QCR Holdings Statutory Trust III |  | February 2004 |  |  | 8,248,000 |  |  |  | 8,248,000 |  | 2.85% over 3-month LIBOR |  |  | 4.54% |  |  |  | 3.85% |
QCR Holdings Statutory Trust V |  | February 2006 |  |  | 10,310,000 |  |  |  | 10,310,000 |  | 1.55% over 3-month LIBOR |  |  | 2.91% |  |  |  | 2.43% |
Community National Statutory Trust II |  | September 2004 |  |  | 3,093,000 |  |  |  | 3,093,000 |  | 2.17% over 3-month LIBOR |  |  | 3.80% |  |  |  | 3.17% |
Community National Statutory Trust III |  | March 2007 |  |  | 3,609,000 |  |  |  | 3,609,000 |  | 1.75% over 3-month LIBOR |  |  | 3.32% |  |  |  | 2.71% |
Guaranty Bankshares Statutory Trust I |  | May 2005 |  |  | 4,640,000 |  |  |  | - |  | 1.75% over 3-month LIBOR |  |  | 3.34% |  |  |  | N/A |
|  |  |  | $ | 40,210,000 |  |  | $ | 35,570,000 |  | Weighted Average Rate |  |  | 3.82% |  |  |  | 3.26% |
*Original amount issued for QCR Holdings Statutory Trust II was $12,372,000. Securities issued by all of the trusts listed above mature 30 years from the date of issuance, but all are currently callable at par at any time. Interest rate reset dates vary by Trust. During 2015, the Company acquired and extinguished $2.1 million of the QCR Holdings Statutory Trust II junior subordinated debentures and recorded a $300,000 gain on the extinguishment, which is included within the overall net losses on debt extinguishments in the statements of income. The Company was able to acquire the related security at a discount through auction, which resulted in the gain. The interest rate on this debenture floated at LIBOR plus 2.85% and had a rate of 3.18% at the time of extinguishment. In 2016, the Company extinguished $5.1 million of the QCR Holdings Capital Trust IV junior subordinated debentures (the full balance outstanding) and recorded a $1.2 million gain on extinguishment (pre-tax), as the Company was able to acquire the related security at a discount through auction. This gain is included within the overall net losses on debt extinguishments in the statements of income for 2016. The interest rate on these debentures floated at 3 -month LIBOR plus 1.80% and had a rate of 2.42% at the time of extinguishment. QCR Holdings Capital Trust IV was dissolved after the extinguishment.

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- Definition The entire disclosure for borrowings under subordinated debt agreements that qualify as available in computing net capital under SEC's uniform net capital rule, including restrictive covenants, collateral, interest rates and due dates, amounts due by date and amount owed in total. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6479118&loc=d3e64650-112822 + Details
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