XML 41 R28.htm IDEA: XBRL DOCUMENT
v3.22.4

Note 20 - Parent Company Only Financial Statements | 12 Months Ended
--- | ---
Dec. 31, 2022
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, 2022 and 2021 ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021
​ | ​ | (dollars in thousands)
Assets | ​ | ​ | ​ | ​ | ​ | ​
Cash and due from banks | ​ | $ | 84,172 | ​ | $ | 41,531
Interest-bearing deposits at financial institutions | ​ |  | — | ​ |  | 5,750
Investment in bank subsidiaries | ​ |  | 965,973 | ​ |  | 769,628
Investment in nonbank subsidiaries | ​ |  | 7,196 | ​ |  | 5,341
Premises and equipment, net | ​ |  | 9,639 | ​ |  | 8,632
Other assets | ​ |  | 10,157 | ​ |  | 7,716
Total assets | ​ | $ | 1,077,137 | ​ | $ | 838,598
​ | ​ |  |  | ​ |  |
Liabilities and Stockholders' Equity | ​ |  |  | ​ |  |
Liabilities: | ​ |  |  | ​ |  |
Subordinated notes | ​ | $ | 232,662 | ​ | $ | 113,850
Junior subordinated debentures | ​ |  | 48,602 | ​ |  | 38,155
Other liabilities | ​ |  | 23,149 | ​ |  | 9,583
Total liabilities | ​ |  | 304,413 | ​ |  | 161,588
​ | ​ |  |  | ​ |  |
Stockholders' Equity: | ​ |  |  | ​ |  |
Common stock | ​ |  | 16,796 | ​ |  | 15,613
Additional paid-in capital | ​ |  | 370,712 | ​ |  | 273,768
Retained earnings | ​ |  | 450,114 | ​ |  | 386,077
Accumulated other comprehensive income (loss) | ​ |  | (64,898) | ​ |  | 1,552
Total stockholders' equity | ​ |  | 772,724 | ​ |  | 677,010
Total liabilities and stockholders' equity | ​ | $ | 1,077,137 | ​ | $ | 838,598
​ Note 20. Parent Company Only Financial Statements (continued) Condensed Statements of Income Years Ended December 31, 2022, 2021, and 2020 ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020
​ | ​ | (dollars in thousands)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total interest income | ​ | $ | 26 | ​ | $ | 3 | ​ | $ | 29
Equity in net income of bank subsidiaries | ​ |  | 128,941 | ​ |  | 117,408 | ​ |  | 79,624
Equity in net income (loss) of nonbank subsidiaries | ​ |  | 1,294 | ​ |  | 456 | ​ |  | (261)
Other | ​ |  | (53) | ​ |  | 853 | ​ |  | 289
Total income | ​ |  | 130,208 | ​ |  | 118,720 | ​ |  | 79,681
​ | ​ |  |  | ​ |  |  | ​ |  |
Interest expense | ​ |  | 11,836 | ​ |  | 8,482 | ​ |  | 6,662
Salaries and employee benefits | ​ |  | 15,551 | ​ |  | 12,446 | ​ |  | 11,825
Professional fees | ​ |  | 1,789 | ​ |  | 1,983 | ​ |  | 2,558
Acquisition costs | ​ |  | 3,715 | ​ |  | 624 | ​ |  | —
Post-acquisition compensation, transition and integration costs | ​ |  | 5,526 | ​ |  | — | ​ |  | 145
Disposition costs | ​ | ​ | — | ​ | ​ | 13 | ​ | ​ | 312
Goodwill impairment | ​ |  | — | ​ |  | — | ​ |  | 500
Other | ​ |  | 3,331 | ​ |  | 2,784 | ​ |  | 2,505
Total expenses | ​ |  | 41,748 | ​ |  | 26,332 | ​ |  | 24,507
​ | ​ |  |  | ​ |  |  | ​ |  |
Income before income tax benefit | ​ |  | 88,460 | ​ |  | 92,388 | ​ |  | 55,174
​ | ​ |  |  | ​ |  |  | ​ |  |
Income tax benefit | ​ |  | 10,606 | ​ |  | 6,517 | ​ |  | 5,408
Net income | ​ | $ | 99,066 | ​ | $ | 98,905 | ​ | $ | 60,582
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ ​ Note 20. Parent Company Only Financial Statements (continued) Condensed Statements of Cash Flows Years Ended December 31, 2022, 2021, and 2020 ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020
​ | ​ | (dollars in thousands)
Cash Flows from Operating Activities: |  | ​ |  |  | ​ |  |  | ​ |
Net income | ​ | $ | 99,066 | ​ | $ | 98,905 | ​ | $ | 60,582
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ​ |  |  | ​ |  |  | ​ |  |
Earnings of bank subsidiaries | ​ | ​ | (128,941) | ​ |  | (117,408) | ​ |  | (79,624)
(Earnings) losses of nonbank subsidiaries | ​ |  | (1,294) | ​ |  | (456) | ​ |  | 261
Distributions from bank subsidiaries | ​ |  | 36,000 | ​ |  | — | ​ |  | —
Distributions from nonbank subsidiaries | ​ |  | 40 | ​ |  | 30 | ​ |  | 40
Deferred income taxes | ​ | ​ | (2,443) | ​ | ​ | (1,093) | ​ | ​ | 6,909
Accretion of acquisition fair value adjustments | ​ |  | 137 | ​ |  | 321 | ​ |  | 378
Depreciation | ​ |  | 477 | ​ |  | 486 | ​ |  | 454
Deferred compensation expense accrued | ​ | ​ | 4,062 | ​ | ​ | 573 | ​ | ​ | —
Stock-based compensation expense | ​ |  | 2,438 | ​ |  | 2,352 | ​ |  | 2,150
Loss on sale of subsidiary | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 158
Gain on sale of fixed assets | ​ | ​ | — | ​ | ​ | 155 | ​ | ​ | —
Goodwill impairment | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 500
Decrease (increase) in other assets | ​ |  | 621 | ​ |  | 5 | ​ |  | (7,380)
Increase (decrease) in other liabilities | ​ |  | 10,827 | ​ |  | (14,702) | ​ |  | (5,923)
Net cash provided by (used in) operating activities | ​ |  | 20,990 | ​ |  | (30,832) | ​ |  | (21,495)
​ | ​ |  |  | ​ |  | ​ | ​ |  | ​
Cash Flows from Investing Activities: | ​ |  |  | ​ |  |  | ​ |  |
Net increase (decrease) in interest-bearing deposits at financial institutions | ​ |  | 5,950 | ​ |  | 1,450 | ​ |  | (1,599)
Capital infusion, non-bank subsidiaries | ​ | ​ | (300) | ​ | ​ | (375) | ​ | ​ | —
Net cash received in dissolution of subsidiary | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 8,450
Net cash paid for acquisitions | ​ |  | (26,039) | ​ |  | — | ​ |  | —
Net cash received in sale of subsidiary | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 195
Purchase of premises and equipment | ​ |  | (1,484) | ​ |  | (31) | ​ |  | (272)
Net cash provided by (used in) investing activities | ​ |  | (21,873) | ​ |  | 1,044 | ​ |  | 6,774
​ | ​ |  |  | ​ |  |  | ​ |  |
Cash Flows from Financing Activities: | ​ |  |  | ​ |  |  | ​ |  |
Proceeds from subordinated notes | ​ | ​ | 100,000 | ​ | ​ | — | ​ | ​ | 50,000
Payment of cash dividends | ​ |  | (3,944) | ​ |  | (3,793) | ​ |  | (3,779)
Proceeds from issuance of common stock, net | ​ |  | 422 | ​ |  | 670 | ​ |  | 1,360
Repurchase and cancellation of shares | ​ |  | (52,954) | ​ |  | (14,168) | ​ |  | (3,779)
Net cash provided by (used in) financing activities | ​ |  | 43,524 | ​ |  | (17,291) | ​ |  | 43,802
​ | ​ |  |  | ​ |  |  | ​ |  |
Net increase (decrease) in cash and due from banks | ​ |  | 42,641 | ​ |  | (47,079) | ​ |  | 29,081
​ | ​ |  |  | ​ |  |  | ​ |  |
Cash and due from banks: | ​ |  |  | ​ |  |  | ​ |  |
Beginning | ​ |  | 41,531 | ​ |  | 88,610 | ​ |  | 59,529
Ending | ​ | $ | 84,172 | ​ | $ | 41,531 | ​ | $ | 88,610
​

X
- 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 https://asc.fasb.org/extlink&oid=126898705&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 https://asc.fasb.org/extlink&oid=126929396&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 https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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