QCR HOLDINGS INC
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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FY2023 · Filed Feb 29, 2024
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Interest Income
For 2023, interest income increased $120.8 million, or 41%, compared to 2022. This was due to continued loan growth and repricing of the Company’s floating rate loan portfolio with rapidly rising interest rates as well as a full year of GFED income reflected in the Company’s 2023 results, compared to nine months of such income reflected in the Company’s 2022 results.
The Company intends to continue to grow quality loans and leases as well as its private placement tax-exempt securities portfolio to maximize yield while minimizing credit and interest rate risk.
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