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Note 13 - COMMITMENTS
 9 Months Ended
Sep. 30, 2025
COMMITMENTS  
COMMITMENTS

NOTE 13 - COMMITMENTS

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The Company entered into a construction contract in 2024 for the construction of a new CSB facility in Ankeny, Iowa.  The Company will pay the contractor a contract price of approximately $41.3 million, subject to certain agreed upon additions and deductions. As of September 30, 2025, the Company had paid  $28.7 million of the contract price, resulting in a remaining future commitment of approximately $12.6 million. Construction on this facility is anticipated to be completed in 2026.  

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The Company entered into a construction contract in 2025 for the construction of a new Company/QCBT facility in Bettendorf, Iowa.  The Company will pay the contractor a contract price of approximately $66.5 million, subject to certain agreed upon additions and deductions. As of September 30, 2025, the Company had paid $2.7 million of the contract price, resulting in a remaining future commitment of approximately $63.8 million. Construction on this facility is anticipated to be completed in 2027.  

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