QCR HOLDINGS INC

For the period ended Dec 31, 2024. Filed Feb 28, 2025.

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.

FY2024 · Filed Feb 28, 2025

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	16
	Item 1B.	Unresolved Staff Comments	35
	Item 1C.	Cybersecurity	35
	Item 2.	Properties	36
	Item 3.	Legal Proceedings	36
	Item 4.	Mine Safety Disclosures	36

Part II			36
	Item 5.	Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities	36
	Item 6.	[Reserved]	38
	Item 7.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	39
		General	39
		Critical Accounting Policies and Critical Accounting Estimates	39
		Executive Overview	41
		Strategic Financial Metrics	42
		Strategic Developments	43
		GAAP to Non-GAAP Reconciliations	44
		Net Interest Income and Margin (Tax Equivalent Basis)(Non-GAAP)	45
		Results of Operations	48
		Interest Income	48
		Interest Expense	49
		Provision for Credit Losses	49
		Noninterest Income	50
		Noninterest Expenses	52
		Income Tax Expense	54
		Financial Condition	54
		Overview	54
		Investment Securities	54
		Loans/Leases	56
		Allowance for Credit Losses on Loans/Leases and OBS Exposures	57
		Nonperforming Assets	60
		Deposits	61
		Short-Term Borrowings	62
		FHLB Advances and Other Borrowings	62
		Subordinated Notes	62
		Junior Subordinated Debentures	63
		Stockholders’ Equity	63
		Liquidity and Capital Resources	64
		Commitments, Contingencies, Contractual Obligations, and Off-Balance Sheet Arrangements	65
		Impact of Inflation and Changing Prices	67
		Forward-Looking Statements	67
	Item 7A.	Quantitative and Qualitative Disclosures About Market Risk	69
	Item 8.	Financial Statements and Supplementary Data	71
		Consolidated Balance Sheets as of December 31, 2024 and 2023	74
		Consolidated Statements of Income for the years ended December 31, 2024, 2023 and 2022	75

		Consolidated Statements of Comprehensive Income for the years ended December 31, 2024, 2023 and 2022	76
		Consolidated Statements of Changes in Stockholders’ Equity for the years ended December 31, 2024, 2023 and 2022	77
		Consolidated Statements of Cash Flows for the years ended December 31, 2024, 2023 and 2022	78
		Notes to Consolidated Financial Statements	80
		Note 1: Nature of Business and Significant Accounting Policies	80
		Note 2: Investment Securities	97
		Note 3: Loans/Leases Receivable	102
		Note 4: Securitizations and Variable Interest Entities	112
		Note 5: Premises and Equipment	115
		Note 6: Goodwill and Intangibles	117
		Note 7: Derivatives and Hedging Activities	118
		Note 8: Deposits	122
		Note 9: Short-Term Borrowings	123
		Note 10: FHLB Advances	124
		Note 11: Other Borrowings and Unused Lines of Credit	124
		Note 12: Subordinated Notes	125
		Note 13: Junior Subordinated Debentures	127
		Note 14: Federal and State Income Taxes	128
		Note 15: Employee Benefit Plans	130
		Note 16: Stock-Based Compensation	131
		Note 17: Regulatory Requirements and Restrictions on Dividends	135
		Note 18: Earnings Per Share	137
		Note 19: Commitments and Contingencies	137
		Note 20: Parent Company Only Financial Statements	139
		Note 21: Fair Value	142
		Note 22: Business Segment Information	145
	Item 9.	Changes in and Disagreements With Accountants on Accounting and Financial Disclosure	148
	Item 9A.	Controls and Procedures	148
	Item 9B.	Other Information	151
	Item 9C.	Disclosure Regarding Foreign Jurisdictions that Prevent Inspection	151

Part III			152
	Item 10.	Directors, Executive Officers and Corporate Governance	152
	Item 11.	Executive Compensation	152
	Item 12.	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	152
	Item 13.	Certain Relationships and Related Transactions, and Director Independence	153
	Item 14.	Principal Accountant Fees and Services	153

Part IV			153
	Item 15.	Exhibits and Financial Statement Schedules	153

		Signatures	157
		Appendix A. Supervision and Regulation	159

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.

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