QCR HOLDINGS INC

For the period ended Dec 31, 2023. Filed Feb 29, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 29, 2024

QCRH$103.26+2.4%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

INDEX

· ·
			PageNumber(s)
Part I			4
	Item 1.	Business	4
	Item 1A.	Risk Factors	15
	Item 1B.	Unresolved Staff Comments	31
	Item 1C.	Cybersecurity	31
	Item 2.	Properties	32
	Item 3.	Legal Proceedings	32
	Item 4.	Mine Safety Disclosures	32

Part II			33
	Item 5.	Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities	33
	Item 6.	[Reserved]	35
	Item 7.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	35
		General	36
		Critical Accounting Policies and Critical Accounting Estimates	36
		Executive Overview	38
		Strategic Financial Metrics	39
		Strategic Developments	40
		GAAP to Non-GAAP Reconciliations	41
		Net Interest Income and Margin (Tax Equivalent Basis)(Non-GAAP)	43
		Results of Operations	45
		Interest Income	45
		Interest Expense	46
		Provision for Credit Losses	46
		Noninterest Income	47
		Noninterest Expenses	49
		Income Tax Expense	51
		Financial Condition	51
		Overview	51
		Investment Securities	51
		Loans/Leases	53
		Allowance for Credit Losses on Loans/Leases and OBS Exposures	54
		Nonperforming Assets	57
		Deposits	58
		Short-Term Borrowings	59
		FHLB Advances and Other Borrowings	59
		Subordinated Notes	59
		Junior Subordinated Debentures	60
		Stockholders’ Equity	60
		Liquidity and Capital Resources	61
		Commitments, Contingencies, Contractual Obligations, and Off-Balance Sheet Arrangements	62
		Impact of Inflation and Changing Prices	63
		Forward-Looking Statements	63
	Item 7A.	Quantitative and Qualitative Disclosures About Market Risk	65
	Item 8.	Consolidated Financial Statements	67
		Consolidated Balance Sheets as of December 31, 2023 and 2022	70
		Consolidated Statements of Income for the years ended December 31, 2023, 2022 and 2021	71

		Consolidated Statements of Comprehensive Income for the years ended December 31, 2023, 2022 and 2021	72
		Consolidated Statements of Changes in Stockholders’ Equity for the years ended December 31, 2023, 2022 and 2021	73
		Consolidated Statements of Cash Flows for the years ended December 31, 2023, 2022 and 2021	74
		Notes to Consolidated Financial Statements	76
		Note 1: Nature of Business and Significant Accounting Policies	76
		Note 2: Mergers/Acquisitions/Sales	92
		Note 3: Investment Securities	95
		Note 4: Loans/Leases Receivable	99
		Note 5: Securitizations and Variable Interest Entities	109
		Note 6: Premises and Equipment	111
		Note 7: Goodwill and Intangibles	112
		Note 8: Derivatives and Hedging Activities	114
		Note 9: Deposits	118
		Note 10: Short-Term Borrowings	119
		Note 11: FHLB Advances	119
		Note 12: Other Borrowings and Unused Lines of Credit	120
		Note 13: Subordinated Notes	120
		Note 14: Junior Subordinated Debentures	122
		Note 15: Federal and State Income Taxes	123
		Note 16: Employee Benefit Plans	125
		Note 17: Stock-Based Compensation	126
		Note 18: Regulatory Requirements and Restrictions on Dividends	129
		Note 19: Earnings Per Share	131
		Note 20: Commitments and Contingencies	131
		Note 21: Parent Company Only Financial Statements	133
		Note 22: Fair Value	136
		Note 23: Business Segment Information	139
	Item 9.	Changes in and Disagreements With Accountants on Accounting and Financial Disclosure	140
	Item 9A.	Controls and Procedures	140
	Item 9B.	Other Information	143
	Item 9C.	Disclosure Regarding Foreign Jurisdictions that Prevent Inspection	143

Part III			144
	Item 10.	Directors, Executive Officers and Corporate Governance	144
	Item 11.	Executive Compensation	144
	Item 12.	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	144
	Item 13.	Certain Relationships and Related Transactions, and Director Independence	145
	Item 14.	Principal Accountant Fees and Services	145

Part IV			145
	Item 15.	Exhibits and Financial Statement Schedules	145

		Signatures	148
		Appendix A. Supervision and Regulation	150

Throughout the Notes to the Consolidated Financial Statements, Management's Discussion and Analysis of Financial Condition and Results of Operations, and remaining sections of this Form 10-K (including appendices), we use certain acronyms and abbreviations, as defined in Note 1 to the Consolidated Financial Statements.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.

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