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Note 15 - Stock-based Compensation | 12 Months Ended
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Dec. 31, 2017
Notes to Financial Statements |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | Note 15. Stock-Based Compensation The Company ’s Board of Directors adopted in January 2008, and the stockholders approved in May 2008, the QCR Holdings, Inc. 2008 Equity Incentive Plan ( “2008 Equity Incentive Plan”). The Company’s Board of Directors adopted in February 2010, and the stockholders approved in May 2010, the QCR Holdings, Inc. 2010 Equity Incentive Plan ( “2010 Equity Incentive Plan”). The Company’s Board of Directors adopted in February 2013, and the stockholders approved in May 2013, the QCR Holdings, Inc. 2013 Equity Incentive Plan ( “2013 Equity Incentive Plan”). The Company’s Board of Directors adopted in February 2016, and the stockholders approved in May 2016, the QCR Holdings, Inc. 2016 Equity Incentive Plan ( “2016 Equity Incentive Plan”). Up to 250,000, 350,000, 350,000, and 400,000 shares of common stock, respectively, may be issued to employees and directors of the Company and its subsidiaries pursuant to equity incentive awards granted under these plans. The 2008 Equity Incentive Plan, the 2010 Equity Incentive Plan, the 2013 Equity Incentive Plan , and the 2016 Equity Incentive Plan (collectively, the “Stock Option Plans”) are administered by the Compensation Committee of the Board of Directors (the “Committee”). As of December 31, 2017, there were 351,205 remaining shares of common stock available for grant under the Stock Option Plans; however, such additional shares may be issued only under the 2016 Equity Incentive Plan. The number and exercise price of options granted under the stock option plans are determined by the Committee at the time the option is granted. In no event can the exercise price be less than the value of the common stock at the date of the grant for stock options. All options have a 10 -year life and will vest and become exercisable from 3 -to- 7 years after the date of the grant. Stock-based compensation expense was reflected in the consolidated financial statements as follows for the years ended December 31, 2017, 2016, and 2015.
|  | 2017 |  |  | 2016 |  |  | 2015 |
Stock options |  | $ | 554,435 |  |  | $ | 424,904 |  |  | $ | 393,114 |
Restricted stock awards |  |  | 552,907 |  |  |  | 460,853 |  |  |  | 492,410 |
Stock purchase plan |  |  | 79,694 |  |  |  | 61,417 |  |  |  | 55,945 |
|  | $ | 1,187,036 |  |  | $ | 947,174 |  |  | $ | 941,469 |
Stock options: A summary of the stock option plans as of December 31, 2017, 2016, and 2015 and changes during the years then ended is presented below:
|  | December 31, |
|  | 2017 |  |  | 2016 |  |  | 2015 |
|  |  |  |  |  | Weighted |  |  |  |  |  |  | Weighted |  |  |  |  |  |  | Weighted |
|  |  |  |  |  | Average |  |  |  |  |  |  | Average |  |  |  |  |  |  | Average |
|  |  |  |  |  | Exercise |  |  |  |  |  |  | Exercise |  |  |  |  |  |  | Exercise |
|  | Shares |  |  | Price |  |  | Shares |  |  | Price |  |  | Shares |  |  | Price |
Outstanding, beginning |  |  | 587,961 |  |  | $ | 14.83 |  |  |  | 623,176 |  |  | $ | 13.88 |  |  |  | 661,771 |  |  | $ | 13.89 |
Granted |  |  | 43,250 |  |  |  | 43.86 |  |  |  | 76,749 |  |  |  | 22.92 |  |  |  | 73,403 |  |  |  | 17.63 |
Exercised |  |  | (114,100 | ) |  |  | 15.12 |  |  |  | (111,423 | ) |  |  | 14.97 |  |  |  | (79,638 | ) |  |  | 14.70 |
Forfeited |  |  | (3,557 | ) |  |  | 26.74 |  |  |  | (541 | ) |  |  | 18.36 |  |  |  | (32,360 | ) |  |  | 20.69 |
Outstanding, ending |  |  | 513,554 |  |  |  | 17.13 |  |  |  | 587,961 |  |  |  | 14.83 |  |  |  | 623,176 |  |  |  | 13.88 |
Exercisable, ending |  |  | 354,269 |  |  |  |  |  |  |  | 385,372 |  |  |  |  |  |  |  | 405,832 |  |  |  |  |
Weighted average fair value per option granted |  | $ | 14.75 |  |  |  |  |  |  | $ | 7.31 |  |  |  |  |  |  | $ | 5.11 |  |  |  |  |
A further summary of options outstanding as of December 31, 2017 is presented below:
|  |  |  | Options Outstanding |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  | Weighted |  |  |  |  |  |  | Options Exercisable |
|  |  |  |  |  |  |  | Average |  |  | Weighted |  |  |  |  |  |  | Weighted |
|  |  |  |  |  |  |  | Remaining |  |  | Average |  |  |  |  |  |  | Average |
Range of |  | Number |  |  | Contractual |  |  | Exercise |  |  | Number |  |  | Exercise |
Exercise Prices |  | Outstanding |  |  | Life |  |  | Price |  |  | Exercisable |  |  | Price |
$7.99 | to | $8.93 |  |  | 27,850 |  |  |  | 3.06 |  |  | $ | 8.09 |  |  |  | 27,850 |  |  | $ | 8.09 |
$9.00 | to | $9.30 |  |  | 148,755 |  |  |  | 2.77 |  |  |  | 9.22 |  |  |  | 147,955 |  |  |  | 9.22 |
$15.00 | to | $16.85 |  |  | 90,668 |  |  |  | 4.59 |  |  |  | 15.63 |  |  |  | 79,369 |  |  |  | 15.64 |
$17.10 | to | $18.00 |  |  | 132,816 |  |  |  | 6.57 |  |  |  | 17.31 |  |  |  | 81,521 |  |  |  | 17.26 |
$21.71 | to | $31.53 |  |  | 70,215 |  |  |  | 8.08 |  |  |  | 22.63 |  |  |  | 16,273 |  |  |  | 22.64 |
$42.65 | to | $48.50 |  |  | 43,250 |  |  |  | 9.20 |  |  |  | 43.86 |  |  |  | 1,301 |  |  |  | 42.75 |
|  |  |  |  | 513,554 |  |  |  |  |  |  |  |  |  |  |  | 354,269 |  |  |  |  |
Restricted stock awards: A summary of changes in the Company ’s nonvested restricted stock awards as of December 31, 2017, 2016 and 2015 is presented below:
|  | December 31, |
|  | 2017 |  |  | 2016 |  |  | 2015 |
Outstanding, beginning |  | $ | 39,438 |  |  | $ | 45,046 |  |  | $ | 49,833 |
Granted |  |  | 28,289 |  |  |  | 22,382 |  |  |  | 28,846 |
Released |  |  | (21,338 | ) |  |  | (27,490 | ) |  |  | (33,633 | )
Forfeited |  |  | - |  |  |  | (500 | ) |  |  | - |
Outstanding, ending |  | $ | 46,389 |  |  | $ | 39,438 |  |  | $ | 45,046 |
Weighted average fair value per share granted |  | $ | 44.44 |  |  | $ | 22.64 |  |  | $ | 17.80 |
The total grant-date fair value of restricted stock awards that were released during the years ended December 31, 2017, 2016 and 2015 was $925,735, $632,255 and $598,341, respectively. Stock purchase plan: The Company ’s Board of Directors and its stockholders adopted in October 2002 the QCR Holdings, Inc. Employee Stock Purchase Plan (the “Purchase Plan”). On May 2, 2012, the Company’s stockholders approved a complete amendment and restatement of the Purchase Plan. As of January 1, 2017, there were 187,921 shares of common stock available for issuance under the Purchase Plan. For each six -month offering period, the Board of Directors will determine how many of the total number of available shares will be offered. The purchase price is the lesser of 90% of the fair market value at the date of the grant or the investment date. The investment date, as established by the Board of Directors, is the date common stock is purchased after the end of each calendar quarter during an offering period. The maximum dollar amount any one participant can elect to contribute in an offering period is $10,000. Additionally, the maximum percentage that any one participant can elect to contribute is 10% of his or her compensation for the year ended December 31, 2017. The maximum percentage that any one participant could elect to contribute was 8% of his or her compensation for the years ended December 31, 2016, and 2015. Information for the stock purchase plan for the years ended December 31, 2017, 2016, and 2015 is presented below:
|  | 2017 |  |  | 2016 |  |  | 2015 |
Shares granted |  |  | 12,414 |  |  |  | 18,711 |  |  |  | 23,408 |
Shares purchased |  |  | 13,318 |  |  |  | 20,192 |  |  |  | 24,033 |
Weighted average fair value per share granted |  | $ | 6.42 |  |  | $ | 3.28 |  |  | $ | 2.39 |

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- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -URI http://asc.fasb.org/subtopic&trid=2208855 + Details
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