QCR HOLDINGS INC
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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FY2023 · Filed Feb 29, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Overview
Following is a table that represents the major categories of the Company’s balance sheet.
| | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · · As of December 31, | ||||||||||||
| · · · 2023 · · · · 2022 | ||||||||||||
| | | | (dollars in thousands) | |||||||||
| | | | | | | | | | | | | |
| · · Amount · % · · Amount · % | ||||||||||||
| Cash, federal funds sold, and interest-bearing deposits | | $237,492 | 3% | | $183,993 | 2% | ||||||
| Securities | | | 1,005,528 | 12% | | | 928,102 | 12% | ||||
| Net loans/leases | | | 6,456,216 | 75% | | | 6,051,165 | 76% | ||||
| Derivatives | | | 187,341 | | 2% | | | 177,631 | | 2% | ||
| Other assets | | | 652,317 | | 8% | | | 607,946 | | 8% | ||
| Total assets | | $8,538,894 | 100% | | $7,948,837 | 100% | ||||||
| | | | | | | | | | | | | |
| Total deposits | | $6,514,005 | 77% | | $5,984,217 | 75% | ||||||
| Total borrowings | | | 718,295 | 8% | | | 825,894 | 10% | ||||
| Derivatives | | | 215,735 | | 3% | | | 200,701 | | 3% | ||
| Other liabilities | | | 204,263 | 2% | | | 165,301 | 2% | ||||
| Total stockholders' equity | | | 886,596 | 10% | | | 772,724 | 10% | ||||
| Total liabilities and stockholders' equity | | $8,538,894 | 100% | | $7,948,837 | 100% | ||||||
| | | | | | | | | | | | | |
In 2023, total assets increased $590.1 million, or 7%. The Company’s securities portfolio increased $77.4 million, or 8%, during 2023. The Company’s net loan/lease portfolio increased $405.1 million, or 7%, during 2023. Deposits grew $529.8 million, or 9%, during 2023. Borrowings decreased $107.6 million, or 13%, during 2023 due primarily to an increase in core deposits which allowed borrowings to mature.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.