XML 58 R45.htm IDEA: XBRL DOCUMENT
v3.22.4

Note 14 - Federal and State Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Notes Tables |
Schedule of Federal and state income tax expense | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020
​ | ​ | (dollars in thousands)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current | ​ | $ | 19,165 | ​ | $ | 7,290 | ​ | $ | 27,237
Deferred | ​ |  | (4,682) | ​ |  | 15,272 | ​ |  | (14,530)
​ | ​ | $ | 14,483 | ​ | $ | 22,562 | ​ | $ | 12,707
​
Reconciliation of the expected federal income tax expense | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Year Ended December 31, |
​ | ​ | ​ | ​ | 2022 | ​ | 2021 | ​ | 2020 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | % of | ​ | ​ | ​ | ​ | % of | ​ | ​ | ​ | ​ | % of |
​ | ​ | ​ | ​ | ​ | ​ | ​ | Pretax | ​ | ​ | ​ | ​ | Pretax | ​ | ​ | ​ | ​ | Pretax |
​ |  | ​ |  | Amount |  | Income |  | Amount |  | Income |  | Amount |  | Income |
​ | ​ | ​ | ​ | (dollars in thousands)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Computed "expected" tax expense | ​ | ​ | ​ | $ | 23,845 |  | 21.0 | % | $ | 25,508 |  | 21.0 | % | $ | 15,391 |  | 21.0 | %
Tax exempt income, net | ​ | ​ | ​ |  | (10,689) |  | (9.4) | ​ |  | (7,537) |  | (6.2) | ​ |  | (5,943) |  | (8.1) | ​
Bank-owned life insurance | ​ | ​ | ​ |  | (432) |  | (0.4) | ​ |  | (386) |  | (0.3) | ​ |  | (308) |  | (0.4) | ​
State income taxes, net of federal benefit, current year | ​ | ​ | ​ |  | 4,482 |  | 3.9 | ​ |  | 5,089 |  | 4.2 | ​ |  | 3,622 |  | 4.9 | ​
Change in unrecognized tax benefits | ​ | ​ | ​ |  | 498 |  | 0.4 | ​ |  | 578 |  | 0.5 | ​ |  | 546 |  | 0.7 | ​
Goodwill impairment | ​ | ​ | ​ | ​ | — | ​ | — | ​ | ​ | — | ​ | — | ​ | ​ | 105 | ​ | 0.1 | ​
Provision adjustment from accounting method change | ​ | ​ | ​ | ​ | (1,181) | ​ | (1.0) | ​ | ​ | — | ​ | — | ​ | ​ | — | ​ | — | ​
Tax credits | ​ | ​ | ​ |  | (1,362) |  | (1.2) | ​ |  | 34 |  | — | ​ |  | (456) |  | (0.6) | ​
Acquisition costs | ​ | ​ | ​ |  | 276 |  | 0.2 | ​ |  | 95 |  | 0.1 | ​ |  | — |  | — | ​
Excess tax benefit on stock options exercised and restricted stock awards vested | ​ | ​ | ​ |  | (503) |  | (0.4) | ​ |  | (436) |  | (0.4) | ​ |  | (242) |  | (0.3) | ​
Re-measurement of deferred tax asset to incorporate newly enacted tax rates | ​ | ​ | ​ | ​ | — | ​ | — | ​ | ​ | — | ​ | — | ​ | ​ | 207 | ​ | 0.3 | ​
Other | ​ | ​ | ​ |  | (451) |  | (0.4) | ​ |  | (383) |  | (0.3) | ​ |  | (215) |  | (0.3) | ​
Federal and state income tax expense | ​ | ​ | ​ | $ | 14,483 |  | 12.7 | % | $ | 22,562 |  | 18.6 | % | $ | 12,707 |  | 17.3 | %
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​
Schedule of Unrecognized tax benefits | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021
​ | ​ | (dollars in thousands)
​ | ​ | ​ | ​ | ​ | ​ | ​
Balance, beginning | ​ | $ | 2,182 | ​ | $ | 1,893
Impact of tax positions taken during current year | ​ |  | 758 | ​ |  | 1,326
Gross increase (decrease) related to tax positions of prior years | ​ |  | 75 | ​ |  | (646)
Reduction as a result of a lapse of the applicable statute of limitations | ​ |  | (335) | ​ |  | (391)
Balance, ending | ​ | $ | 2,680 | ​ | $ | 2,182
​
Schedule of Deferred Tax Assets and Liabilities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021
​ | ​ | (dollars in thousands)
Deferred tax assets: |  | ​ |  |  | ​ |
Historic tax credits | ​ | $ | 68 | ​ | $ | 68
Low income housing tax credits | ​ |  | 226 | ​ |  | —
Net unrealized losses on securities available for sale and derivative instruments | ​ |  | 21,319 | ​ |  | —
Compensation | ​ |  | 13,413 | ​ |  | 11,912
Loan/lease losses | ​ |  | 20,466 | ​ |  | 19,023
Net operating loss carryforwards, federal and state | ​ |  | 1,262 | ​ |  | 1,354
Other | ​ |  | — | ​ |  | 17
​ | ​ |  | 56,754 | ​ |  | 32,374
Deferred tax liabilities: | ​ |  |  | ​ |  |
Net unrealized gains on securities available for sale and derivative instruments | ​ | ​ | — | ​ | ​ | 747
Premises and equipment | ​ |  | 6,271 | ​ |  | 6,099
Equipment financing leases | ​ |  | 2,484 | ​ |  | 6,462
Acquisition fair value adjustments | ​ |  | 3,816 | ​ |  | 3,269
Investment accretion | ​ |  | 27 | ​ |  | 27
Deferred loan origination fees, net | ​ |  | 1,624 | ​ |  | 1,403
Other | ​ |  | 2,094 | ​ |  | 677
​ | ​ |  | 16,316 | ​ |  | 18,684
Net deferred tax assets | ​ | $ | 40,438 | ​ | $ | 13,690
​ | ​ | ​ | ​ | ​ | ​ | ​
​
Change in deferred income taxes | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020
​ | ​ | (dollars in thousands)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Provision for income taxes | ​ | $ | (4,682) | ​ | $ | 15,272 | ​ | $ | (14,530)
Net deferred tax assets resulting from sale of other subsidiary | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 363
Statement of stockholders' equity- Other comprehensive income (loss) | ​ |  | (22,066) | ​ |  | (122) | ​ |  | 837
​ | ​ | $ | (26,748) | ​ | $ | 15,150 | ​ | $ | (13,330)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​

X
- Definition Deferred taxes in financial statements. + References No definition available. + Details
Name: | qcrh_DeferredTaxesInFinancialStatementsTableTextBlock
Namespace Prefix: | qcrh_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI https://asc.fasb.org/extlink&oid=126976462&loc=d3e36027-109320 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI https://asc.fasb.org/extlink&oid=121826272&loc=SL6600010-109319 + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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