QCR HOLDINGS INC
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
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FY2024 · Filed Feb 28, 2025
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Short-Term Borrowings
The subsidiary banks purchase federal funds for short-term funding needs from the FRB or from their correspondent banks. The table below presents the composition of the Company’s short-term borrowings.
| | | | | | | | | |
|---|---|---|---|---|---|---|---|---|
| · · · As of December 31, | ||||||||
| · 2024 · 2023 | ||||||||
| · · · (dollars in thousands) | ||||||||
| | | | | | | | | |
| Federal funds purchased | | | $1,800 | | $1,500 | | ||
| | | | | | | | | |
| | | | | | | | | |
The Company’s federal funds purchased fluctuates based on the short-term funding needs of the Company’s subsidiary banks. See Note 9 to the Consolidated Financial Statements for additional information on the Company’s short-term borrowings.
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