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Note 20 - Parent Company Only Financial Statements | 12 Months Ended
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Dec. 31, 2021
Notes to Financial Statements |
Parent Company Only Financial Statements | Note 20. Parent Company Only Financial Statements The following is condensed financial information of QCR Holdings, Inc. (parent company only): Condensed Balance Sheets December 31, 2021 and 2020 ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2021 |  | 2020
​ | ​ | (dollars in thousands)
Assets | ​ | ​ | ​ | ​ | ​ | ​
Cash and due from banks | ​ | $ | 41,531 | ​ | $ | 88,610
Interest-bearing deposits at financial institutions | ​ |  | 5,750 | ​ |  | 7,200
Investment in bank subsidiaries | ​ |  | 769,628 | ​ |  | 655,232
Investment in nonbank subsidiaries | ​ |  | 5,341 | ​ |  | 4,540
Premises and equipment, net | ​ |  | 8,632 | ​ |  | 9,242
Other assets | ​ |  | 7,716 | ​ |  | 16,268
Total assets | ​ | $ | 838,598 | ​ | $ | 781,092
​ | ​ |  |  | ​ |  |
Liabilities and Stockholders' Equity | ​ |  |  | ​ |  |
Liabilities: | ​ |  |  | ​ |  |
Subordinated notes | ​ | $ | 113,850 | ​ | $ | 113,691
Junior subordinated debentures | ​ |  | 38,155 | ​ |  | 37,993
Other liabilities | ​ |  | 9,583 | ​ |  | 35,615
Total liabilities | ​ |  | 161,588 | ​ |  | 187,299
​ | ​ |  |  | ​ |  |
Stockholders' Equity: | ​ |  |  | ​ |  |
Common stock | ​ |  | 15,613 | ​ |  | 15,806
Additional paid-in capital | ​ |  | 273,768 | ​ |  | 275,807
Retained earnings | ​ |  | 386,077 | ​ |  | 300,804
Accumulated other comprehensive income | ​ |  | 1,552 | ​ |  | 1,376
Total stockholders' equity | ​ |  | 677,010 | ​ |  | 593,793
Total liabilities and stockholders' equity | ​ | $ | 838,598 | ​ | $ | 781,092
​ Note 20. Parent Company Only Financial Statements (continued) Condensed Statements of Income Years Ended December 31, 2021, 2020, and 2019 ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2021 |  | 2020 |  | 2019
​ | ​ | (dollars in thousands)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total interest income | ​ | $ | 3 | ​ | $ | 29 | ​ | $ | 77
Equity in net income of bank subsidiaries | ​ |  | 117,408 | ​ |  | 79,624 | ​ |  | 69,966
Equity in net income (loss) of nonbank subsidiaries | ​ |  | 456 | ​ |  | (261) | ​ |  | 6,797
Other | ​ |  | 853 | ​ |  | 289 | ​ |  | 314
Total income | ​ |  | 118,720 | ​ |  | 79,681 | ​ |  | 77,154
​ | ​ |  |  | ​ |  |  | ​ |  |
Interest expense | ​ |  | 8,482 | ​ |  | 6,662 | ​ |  | 5,836
Salaries and employee benefits | ​ |  | 12,446 | ​ |  | 11,825 | ​ |  | 8,739
Professional fees | ​ |  | 1,983 | ​ |  | 2,558 | ​ |  | 1,545
Acquisition costs | ​ |  | 624 | ​ |  | — | ​ |  | —
Post-acquisition compensation, transition and integration costs | ​ |  | — | ​ |  | 145 | ​ |  | 3,171
Disposition costs | ​ | ​ | 13 | ​ | ​ | 312 | ​ | ​ | 1,606
Goodwill impairment | ​ |  | — | ​ |  | 500 | ​ |  | 3,000
Other | ​ |  | 2,784 | ​ |  | 2,505 | ​ |  | 2,147
Total expenses | ​ |  | 26,332 | ​ |  | 24,507 | ​ |  | 26,044
​ | ​ |  |  | ​ |  |  | ​ |  |
Income before income tax benefit | ​ |  | 92,388 | ​ |  | 55,174 | ​ |  | 51,110
​ | ​ |  |  | ​ |  |  | ​ |  |
Income tax benefit | ​ |  | 6,517 | ​ |  | 5,408 | ​ |  | 6,298
Net income | ​ | $ | 98,905 | ​ | $ | 60,582 | ​ | $ | 57,408
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ ​ Note 20. Parent Company Only Financial Statements (continued) Condensed Statements of Cash Flows Years Ended December 31, 2021, 2020, and 2019 ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2021 |  | 2020 |  | 2019
​ | ​ | (dollars in thousands)
Cash Flows from Operating Activities: |  | ​ |  |  | ​ |  |  | ​ |
Net income | ​ | $ | 98,905 | ​ | $ | 60,582 | ​ | $ | 57,408
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ​ |  |  | ​ |  |  | ​ |  |
Earnings of bank subsidiaries | ​ | ​ | (117,408) | ​ |  | (79,624) | ​ |  | (69,966)
(Earnings) losses of nonbank subsidiaries | ​ |  | (456) | ​ |  | 261 | ​ |  | (6,797)
Distributions from nonbank subsidiaries | ​ |  | 30 | ​ |  | 40 | ​ |  | 45,058
Deferred income taxes | ​ | ​ | (1,093) | ​ | ​ | 6,909 | ​ | ​ | 2,498
Accretion of acquisition fair value adjustments | ​ |  | 321 | ​ |  | 378 | ​ |  | 305
Depreciation | ​ |  | 486 | ​ |  | 454 | ​ |  | 327
Deferred compensation expense accrued | ​ | ​ | 573 | ​ | ​ | — | ​ | ​ | —
Stock-based compensation expense | ​ |  | 2,352 | ​ |  | 2,150 | ​ |  | 2,469
Loss on sale of subsidiary | ​ | ​ | — | ​ | ​ | 158 | ​ | ​ | —
Gain on sale of fixed assets | ​ | ​ | 155 | ​ | ​ | — | ​ | ​ | —
Goodwill impairment | ​ | ​ | — | ​ | ​ | 500 | ​ | ​ | 3,000
Decrease (increase) in other assets | ​ |  | 5 | ​ |  | (7,380) | ​ |  | (2,472)
Increase (decrease) in other liabilities | ​ |  | (14,702) | ​ |  | (5,923) | ​ |  | 7,814
Net cash provided by (used in) operating activities | ​ |  | (30,832) | ​ |  | (21,495) | ​ |  | 39,644
​ | ​ |  |  | ​ |  | ​ | ​ |  |
Cash Flows from Investing Activities: | ​ |  |  | ​ |  |  | ​ |  |
Net increase (decrease) in interest-bearing deposits at financial institutions | ​ |  | 1,450 | ​ |  | (1,599) | ​ |  | (4,600)
Capital infusion, bank subsidiaries | ​ |  | — | ​ |  | — | ​ |  | (8,600)
Capital infusion, non-bank subsidiaries | ​ | ​ | (375) | ​ | ​ | — | ​ | ​ | (100)
Net cash received in dissolution of subsidiary | ​ | ​ | — | ​ | ​ | 8,450 | ​ | ​ | —
Net cash received in sale of subsidiary | ​ | ​ | — | ​ | ​ | 195 | ​ | ​ | —
Purchase of premises and equipment | ​ |  | (31) | ​ |  | (272) | ​ |  | (2,861)
Net cash provided by (used in) investing activities | ​ |  | 1,044 | ​ |  | 6,774 | ​ |  | (16,161)
​ | ​ |  |  | ​ |  |  | ​ |  |
Cash Flows from Financing Activities: | ​ |  |  | ​ |  |  | ​ |  |
Activity in other borrowings: | ​ |  |  | ​ |  |  | ​ |  |
Paydown on revolving line of credit | ​ |  | — | ​ | ​ | — | ​ | ​ | (9,000)
Prepayments | ​ |  | — | ​ | ​ | — | ​ | ​ | (21,313)
Calls, maturities and scheduled payments | ​ | ​ | — | ​ |  | — | ​ |  | (1,799)
Proceeds from subordinated notes | ​ | ​ | — | ​ | ​ | 50,000 | ​ | ​ | 63,393
Payment of cash dividends | ​ |  | (3,793) | ​ |  | (3,779) | ​ |  | (3,767)
Proceeds from issuance of common stock, net | ​ |  | 670 | ​ |  | 1,360 | ​ |  | 1,926
Repurchase and cancellation of shares | ​ |  | (14,168) | ​ |  | (3,779) | ​ |  | —
Net cash provided by (used in) financing activities | ​ |  | (17,291) | ​ |  | 43,802 | ​ |  | 29,440
​ | ​ |  |  | ​ |  |  | ​ |  |
Net increase (decrease) in cash and due from banks | ​ |  | (47,079) | ​ |  | 29,081 | ​ |  | 52,923
​ | ​ |  |  | ​ |  |  | ​ |  |
Cash and due from banks: | ​ |  |  | ​ |  |  | ​ |  |
Beginning | ​ |  | 88,610 | ​ |  | 59,529 | ​ |  | 6,606
Ending | ​ | $ | 41,531 | ​ | $ | 88,610 | ​ | $ | 59,529
​

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI http://asc.fasb.org/extlink&oid=120391182&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=123454820&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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