XML 28 R17.htm IDEA: XBRL DOCUMENT
v3.21.2

NOTE 9 - REGULATORY CAPITAL REQUIREMENTS | 9 Months Ended
--- | ---
Sep. 30, 2021
Notes to Financial Statements |
REGULATORY CAPITAL REQUIREMENTS | NOTE 9 – 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 the 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 OBS 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 September 30, 2021 and December 31, 2020, 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 September 30, 2021 and December 31, 2020 are presented in the following tables (dollars in thousands). As of September 30, 2021 and December 31, 2020, 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 September 30, 2021: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Company: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total risk-based capital | ​ | $ | 785,424 | ​ | 14.64 | % | $ | 429,282 | > | 8.00 | % | $ | 563,433 | > | 10.50 | % | $ | 536,603 | > | 10.00 | %
Tier 1 risk-based capital | ​ |  | 604,268 |  | 11.26 | ​ |  | 321,962 | > | 6.00 | ​ |  | 456,113 | > | 8.50 | ​ |  | 429,282 | > | 8.00 | ​
Tier 1 leverage | ​ |  | 604,268 |  | 10.28 | ​ |  | 235,118 | > | 4.00 | ​ |  | 235,118 | > | 4.00 | ​ |  | 293,897 | > | 5.00 | ​
Common equity Tier 1 | ​ |  | 566,165 |  | 10.55 | ​ |  | 241,471 | > | 4.50 | ​ |  | 375,622 | > | 7.00 | ​ |  | 348,792 | > | 6.50 | ​
Quad City Bank & Trust: | ​ |  | ​ |  | ​ | ​ |  | ​ |  | ​ | ​ |  | ​ |  | ​ | ​ |  | ​ |  | ​ | ​
Total risk-based capital | ​ | $ | 237,936 | ​ | 13.07 | % | $ | 145,613 | > | 8.00 | % | $ | 191,117 | > | 10.50 | % | $ | 182,017 | > | 10.00 | %
Tier 1 risk-based capital | ​ |  | 215,059 |  | 11.82 | ​ |  | 109,210 | > | 6.00 | ​ |  | 154,714 | > | 8.50 | ​ |  | 145,613 | > | 8.00 | ​
Tier 1 leverage | ​ |  | 215,059 |  | 10.33 | ​ |  | 83,257 | > | 4.00 | ​ |  | 83,257 | > | 4.00 | ​ |  | 104,071 | > | 5.00 | ​
Common equity Tier 1 | ​ |  | 215,059 |  | 11.82 | ​ |  | 81,907 | > | 4.50 | ​ |  | 127,412 | > | 7.00 | ​ |  | 118,311 | > | 6.50 | ​
Cedar Rapids Bank & Trust: | ​ |  | ​ | ​ | ​ | ​ |  | ​ |  | ​ | ​ |  | ​ |  | ​ | ​ |  | ​ |  | ​ | ​
Total risk-based capital | ​ | $ | 264,015 | ​ | 14.39 | % | $ | 146,780 | > | 8.00 | % | $ | 192,649 | > | 10.50 | % | $ | 183,475 | > | 10.00 | %
Tier 1 risk-based capital | ​ |  | 241,037 |  | 13.14 | ​ |  | 110,085 | > | 6.00 | ​ |  | 155,954 | > | 8.50 | ​ |  | 146,780 | > | 8.00 | ​
Tier 1 leverage | ​ |  | 241,037 |  | 12.20 | ​ |  | 79,004 | > | 4.00 | ​ |  | 79,004 | > | 4.00 | ​ |  | 98,755 | > | 5.00 | ​
Common equity Tier 1 | ​ |  | 241,037 |  | 13.14 | ​ |  | 82,564 | > | 4.50 | ​ |  | 128,433 | > | 7.00 | ​ |  | 119,259 | > | 6.50 | ​
Community State Bank: | ​ |  | ​ | ​ | ​ | ​ |  | ​ |  | ​ | ​ |  | ​ |  | ​ | ​ |  | ​ |  | ​ | ​
Total risk-based capital | ​ | $ | 118,637 | ​ | 11.69 | % | $ | 81,208 | > | 8.00 | % | $ | 106,585 | > | 10.50 | % | $ | 101,510 | > | 10.00 | %
Tier 1 risk-based capital | ​ |  | 105,894 |  | 10.43 | ​ |  | 60,906 | > | 6.00 | ​ |  | 86,283 | > | 8.50 | ​ |  | 81,208 | > | 8.00 | ​
Tier 1 leverage | ​ |  | 105,894 |  | 9.80 | ​ |  | 43,204 | > | 4.00 | ​ |  | 43,204 | > | 4.00 | ​ |  | 54,005 | > | 5.00 | ​
Common equity Tier 1 | ​ |  | 105,894 |  | 10.43 | ​ |  | 45,679 | > | 4.50 | ​ |  | 71,057 | > | 7.00 | ​ |  | 65,981 | > | 6.50 | ​
Springfield First Community Bank: | ​ |  | ​ | ​ | ​ | ​ |  | ​ |  | ​ | ​ |  | ​ |  | ​ | ​ |  | ​ |  | ​ | ​
Total risk-based capital | ​ | $ | 96,864 | ​ | 12.77 | % | $ | 60,706 | > | 8.00 | % | $ | 79,676 | > | 10.50 | % | $ | 75,882 | > | 10.00 | %
Tier 1 risk-based capital | ​ |  | 87,367 |  | 11.51 | ​ |  | 45,529 | > | 6.00 | ​ |  | 64,500 | > | 8.50 | ​ |  | 60,706 | > | 8.00 | ​
Tier 1 leverage | ​ |  | 87,367 |  | 10.67 | ​ |  | 32,751 | > | 4.00 | ​ |  | 32,751 | > | 4.00 | ​ |  | 40,939 | > | 5.00 | ​
Common equity Tier 1 | ​ |  | 87,367 |  | 11.51 | ​ |  | 34,147 | > | 4.50 | ​ |  | 53,117 | > | 7.00 | ​ |  | 49,223 | > | 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, 2020: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Company: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total risk-based capital | ​ | $ | 721,004 | ​ | 14.95 | % | $ | 385,832 | > | 8.00 | % | $ | 506,404 | > | 10.50 | % | $ | 482,290 | > | 10.00 | %
Tier 1 risk-based capital | ​ |  | 546,729 |  | 11.34 | ​ |  | 289,374 | > | 6.00 | ​ |  | 409,946 | > | 8.50 | ​ |  | 385,832 | > | 8.00 | ​
Tier 1 leverage | ​ |  | 546,729 |  | 9.49 | ​ |  | 230,345 | > | 4.00 | ​ |  | 230,345 | > | 4.00 | ​ |  | 287,931 | > | 5.00 | ​
Common equity Tier 1 | ​ |  | 508,736 |  | 10.55 | ​ |  | 217,030 | > | 4.50 | ​ |  | 337,603 | > | 7.00 | ​ |  | 313,488 | > | 6.50 | ​
Quad City Bank & Trust: | ​ |  | ​ |  | ​ | ​ |  | ​ |  | ​ | ​ |  | ​ |  | ​ | ​ |  | ​ |  | ​ | ​
Total risk-based capital | ​ | $ | 213,608 | ​ | 12.24 | % | $ | 139,581 | > | 8.00 | % | $ | 183,200 | > | 10.50 | % | $ | 174,477 | > | 10.00 | %
Tier 1 risk-based capital | ​ |  | 191,693 | ​ | 10.99 | ​ |  | 104,686 | > | 6.00 | ​ |  | 148,305 | > | 8.50 | ​ |  | 139,581 | > | 8.00 | ​
Tier 1 leverage | ​ |  | 191,693 | ​ | 8.48 | ​ |  | 90,430 | > | 4.00 | ​ |  | 90,430 | > | 4.00 | ​ |  | 113,038 | > | 5.00 | ​
Common equity Tier 1 | ​ |  | 191,693 | ​ | 10.99 | ​ |  | 78,514 | > | 4.50 | ​ |  | 122,134 | > | 7.00 | ​ |  | 113,410 | > | 6.50 | ​
Cedar Rapids Bank & Trust: | ​ |  | ​ | ​ | ​ | ​ |  | ​ |  | ​ | ​ |  | ​ |  | ​ | ​ |  | ​ |  | ​ | ​
Total risk-based capital | ​ | $ | 217,227 | ​ | 13.14 | % | $ | 132,269 | > | 8.00 | % | $ | 173,603 | > | 10.50 | % | $ | 165,336 | > | 10.00 | %
Tier 1 risk-based capital | ​ |  | 196,438 | ​ | 11.88 | ​ |  | 99,202 | > | 6.00 | ​ |  | 140,536 | > | 8.50 | ​ |  | 132,269 | > | 8.00 | ​
Tier 1 leverage | ​ |  | 196,438 | ​ | 10.01 | ​ |  | 78,535 | > | 4.00 | ​ |  | 78,535 | > | 4.00 | ​ |  | 98,169 | > | 5.00 | ​
Common equity Tier 1 | ​ |  | 196,438 | ​ | 11.88 | ​ |  | 74,401 | > | 4.50 | ​ |  | 115,735 | > | 7.00 | ​ |  | 107,469 | > | 6.50 | ​
Community State Bank: | ​ |  | ​ | ​ | ​ | ​ |  | ​ |  | ​ | ​ |  | ​ |  | ​ | ​ |  | ​ |  | ​ | ​
Total risk-based capital | ​ | $ | 108,040 | ​ | 12.69 | % | $ | 68,117 | > | 8.00 | % | $ | 89,404 | > | 10.50 | % | $ | 85,146 | > | 10.00 | %
Tier 1 risk-based capital | ​ |  | 97,350 | ​ | 11.43 | ​ |  | 51,088 | > | 6.00 | ​ |  | 72,374 | > | 8.50 | ​ |  | 68,117 | > | 8.00 | ​
Tier 1 leverage | ​ |  | 97,350 | ​ | 10.27 | ​ |  | 37,930 | > | 4.00 | ​ |  | 37,930 | > | 4.00 | ​ |  | 47,412 | > | 5.00 | ​
Common equity Tier 1 | ​ |  | 97,350 | ​ | 11.43 | ​ |  | 38,316 | > | 4.50 | ​ |  | 59,602 | > | 7.00 | ​ |  | 55,345 | > | 6.50 | ​
Springfield First Community Bank: | ​ |  | ​ | ​ | ​ | ​ |  | ​ |  | ​ | ​ |  | ​ |  | ​ | ​ |  | ​ |  | ​ | ​
Total risk-based capital | ​ | $ | 90,334 | ​ | 14.35 | % | $ | 50,357 | > | 8.00 | % | $ | 66,094 | > | 10.50 | % | $ | 62,947 | > | 10.00 | %
Tier 1 risk-based capital | ​ |  | 77,668 | ​ | 12.34 | ​ |  | 37,768 | > | 6.00 | ​ |  | 53,505 | > | 8.50 | ​ |  | 50,357 | > | 8.00 | ​
Tier 1 leverage | ​ |  | 77,668 | ​ | 10.87 | ​ |  | 28,575 | > | 4.00 | ​ |  | 28,575 | > | 4.00 | ​ |  | 35,719 | > | 5.00 | ​
Common equity Tier 1 | ​ |  | 77,668 | ​ | 12.34 | ​ |  | 28,326 | > | 4.50 | ​ |  | 44,063 | > | 7.00 | ​ |  | 40,915 | > | 6.50 | ​
​

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for regulatory capital requirement for depository and lending institutions. Institutions include, but not are not limited to, finance company, insured depository institution, bank holding company, savings and loan association holding company, bank and savings institution not federally insured, mortgage company, foreign financial institution and credit union. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1F -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958575-112826 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958569-112826 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (a)(2) -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (a)(1) -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1D -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958573-112826 + Details
Name: | us-gaap_RegulatoryCapitalRequirementsUnderBankingRegulationsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration