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Pay vs Performance Disclosure
 12 Months Ended
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table

Pay Versus Performance

 

In accordance with the rules adopted by the SEC, the following tabular disclosure is required to disclose the relationship between executive compensation registrants actually paid and the financial performance of QCR Holdings. The following tables and graphs show the relationship between the compensation actually paid to our NEOs and our financial performance.

 

                                   

Value of initial fixed $100 investment based on:

                  
Year  

Summary

Compensation

Table Total

for CEO(1)

    

Compensation

Actually Paid

to CEO(1)(2)

     Average
Summary
Compensation
Table Total
for Non-CEO
NEOs(3)		    

Average

Compensation

Actually Paid

to Non-CEO

NEOs(2)(3)

    

Total
Shareholder
Return

    

Peer Group

Total

Shareholder

Return(4)

     Net Income (in thousands)     Adjusted Earnings Per Share(5)  

2024

   $ 1,579,631     $ 1,609,228     $ 857,583 (6)   $ 965,847     $ 188     $ 132     $ 113,850     $ 7.03  

2023

   $ 1,798,583     $ 1,342,391     $ 710,698     $ 682,704     $ 136     $ 111     $ 113,558     $ 6.82  

2022

   $ 1,855,117     $ 1,152,003     $ 797,011     $ 601,280     $ 115     $ 117     $ 99,066     $ 6.89  

2021

   $ 1,939,141     $ 1,458,808     $ 810,346     $ 856,847     $ 129     $ 117     $ 98,905     $ 6.37  

2020

   $ 2,032,092     $ 989,964     $ 928,529     $ 602,915     $ 91     $ 87     $ 60,582     $ 4.01  

 

(1)

The CEO in 2024, 2023, 2022, 2021 and 2020 was Mr. Helling.

 

(2)

See the table immediately following these footnotes for a reconciliation of the Summary Compensation Table compensation and the Compensation Actually Paid to the CEO and Non-CEO NEOs.

 

(3)

NEOs included for purposes of calculating the average amounts in each applicable year are as follows: (i) for 2024, Messrs. Gipple, Anderson and McNew, and Ms. Winter; (ii) for 2023 and 2022, Messrs. Gipple, Anderson, Gibson, and McNew; (iii) for 2021, Messrs. Gipple, Anderson, McNew, and Dana L. Nichols; and (iv) for 2020, Messrs. Gipple, Anderson, Robert C. Fulp, and Nichols.

 

(4)

Reflects the cumulative total shareholder return based on the KBW NASDAQ Bank Index, which we also use in the stock performance graph included in our Annual Report on Form 10-K for the year ended December 31, 2024, as filed with the SEC.

 

(5)

Adjusted earnings per share is a non-GAAP financial measure. As calculated from our audited financial statements, adjusted earnings per share equals net income (i) less (A) securities gains (losses), (B) fair value gain (loss) on derivatives, (C) post-acquisition compensation, transition and integration costs, and (D) goodwill impairment and restructuring expense and (ii) divided by the weighted average common and common equivalent shares outstanding.

 

(6)

As discussed further in footnote 4 of the Summary Compensation Table above, the Average Summary Compensation Table Total for Non-CEO NEOs in 2024 includes the incremental fair value of the unvested equity awards that vested on Mr. Anderson’s retirement due to the modification of such awards.
       
PEO Total Compensation Amount $ 1,579,631 $ 1,798,583 $ 1,855,117 $ 1,939,141 $ 2,032,092
PEO Actually Paid Compensation Amount $ 1,609,228 1,342,391 1,152,003 1,458,808 989,964
Adjustment To PEO Compensation, Footnote

The following table reconciles the amounts reported under the “Total” column of the Summary Compensation Table with the Compensation Actually Paid in the above table:

 

   

CEO

  
   

2024

    

2023

    

2022

    

2021

    

2020

  

Total Compensation as reported in the Summary Compensation Table (“SCT”)

     1,579,631       1,798,583       1,855,117       1,939,141       2,032,092  

- Grant Date Fair Value of Stock Awards Granted in Fiscal Year

     (215,632 )     (303,489 )     (294,582 )     (286,937 )     (582,304 )

- Pension values as reported in the SCT

     (222,806 )     (500,083 )     (561,512 )     (725,382 )     (546,391 )

Change in Fair Value at Fiscal Year-End of Outstanding and Unvested Stock Awards Granted in Fiscal Year

     307,101       251,617       203,565       274,001       208,162  

Change in Fair Value of Outstanding and Unvested Stock Awards Granted in Prior Fiscal Years

     138,379       77,112       (61,581 )     177,669       (105,212 )

Change in Fair Value as of Vesting Date of Stock Awards Granted in Prior Fiscal Years for which Applicable Vesting Conditions were Satisfied during Fiscal Year

     0       6,245       (10,552 )     61,734       (31,488 )

Pension Benefit Service Cost

     22,555       12,406       21,548       18,582       15,105  

Compensation Actually Paid (“CAP”)

     1,609,228       1,342,391       1,152,003       1,458,808       989,964  
       
Non-PEO NEO Average Total Compensation Amount $ 857,583 710,698 797,011 810,346 928,529
Non-PEO NEO Average Compensation Actually Paid Amount $ 965,847 682,704 601,280 856,847 602,915
Adjustment to Non-PEO NEO Compensation Footnote
   

Non-CEO NEOs

  
   

2024

    

2023

    

2022

    

2021

    

2020

  

Total Compensation as reported in the Summary Compensation Table (“SCT”)

     857,583       710,698       797,011       810,346       928,529  

- Grant Date Fair Value of Stock Awards Granted in Fiscal Year

     (117,026 )     (105,819 )     (113,945 )     (134,808 )     (208,025 )

- Pension values as reported in the SCT

     (34,035 )     (74,792 )     (154,216 )     (150,024 )     (142,089 )

Change in Fair Value at Fiscal Year-End of Outstanding and Unvested Stock Awards Granted in Fiscal Year

     130,742       101,531       114,802       195,959       105,614  

Change in Fair Value of Outstanding and Unvested Stock Awards Granted in Prior Fiscal Years

     115,766       40,892       (38,590 )     96,761       (69,804 )

Change in Fair Value as of Vesting Date of Stock Awards Granted in Prior Fiscal Years for which Applicable Vesting Conditions were Satisfied during Fiscal Year

     8,122       7,377       (8,405 )     34,570       (14,755 )

Pension Benefit Service Cost

     4,695       2,817       4,623       4,043       3,445  

Compensation Actually Paid (“CAP”)

     965,847       682,704       601,280       856,847       602,915  

 

 

 

        
Compensation Actually Paid vs. Total Shareholder Return

Relationship between Pay and Financial Performance

 

The graph below shows the relationship between CAP and QCR Holdings’ and its peer group’s total shareholder return.

 

compensation1.jpg

 

        
Compensation Actually Paid vs. Net Income

The graph below shows the relationship between CAP and QCR Holdings’ net income.

 

compensation2.jpg

 

        
Compensation Actually Paid vs. Company Selected Measure

The graph below shows the relationship between CAP and QCR Holdings’ adjusted earnings per share.

 

compensation3.jpg

 

        
Tabular List, Table

The most important financial performance measures used by QCR Holdings in setting compensation for the CEO and all non-CEO NEOs for 2024 are listed in the table below.

 

Adjusted earnings per share(1)

Net income

Total nonperforming assets to total assets ratio

Adjusted loan growth(2)

Noninterest income

Return on average equity

 

(1)

Adjusted earnings per share is a non-GAAP measure calculated from our audited financial statements as set forth in footnote 5 of the Pay Versus Performance table.

 

(2)

Adjusted loan growth is a non-GAAP measurement. As calculated from our audited financial statements, adjusted loans are defined as total loans/leases receivable held for investment less those loans/leases generated by m2 Equipment Finance, LLC, or our specialty finance lending business.
       
Total Shareholder Return Amount $ 188 136 115 129 91
Peer Group Total Shareholder Return Amount 132 111 117 117 87
Net Income (Loss) $ 113,850,000 $ 113,558,000 $ 99,066,000 $ 98,905,000 $ 60,582,000
Company Selected Measure Amount 7.03 6.82 6.89 6.37 4.01
Measure:: 1          
Pay vs Performance Disclosure          
Name Adjusted earnings per share        
Measure:: 2          
Pay vs Performance Disclosure          
Name Net income        
Measure:: 3          
Pay vs Performance Disclosure          
Name Total nonperforming assets to total assets ratio        
Measure:: 4          
Pay vs Performance Disclosure          
Name Adjusted loan growth        
Measure:: 5          
Pay vs Performance Disclosure          
Name Noninterest income        
Measure:: 6          
Pay vs Performance Disclosure          
Name Return on average equity        
PEO | Aggregate Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (222,806) $ (500,083) $ (561,512) $ (725,382) $ (546,391)
PEO | Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 22,555 12,406 21,548 18,582 15,105
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (215,632) (303,489) (294,582) (286,937) (582,304)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 307,101 251,617 203,565 274,001 208,162
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 138,379 77,112 (61,581) 177,669 (105,212)
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 6,245 (10,552) 61,734 (31,488)
Non-PEO NEO | Aggregate Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (34,035) (74,792) (154,216) (150,024) (142,089)
Non-PEO NEO | Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 4,695 2,817 4,623 4,043 3,445
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (117,026) (105,819) (113,945) (134,808) (208,025)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 130,742 101,531 114,802 195,959 105,614
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 115,766 40,892 (38,590) 96,761 (69,804)
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 8,122 $ 7,377 $ (8,405) $ 34,570 $ (14,755)