QCR HOLDINGS INC
For the period ended Mar 31, 2025. Filed May 9, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 9, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Financial Condition
Following is a table that represents the major categories of the Company’s balance sheet:
| | | | | | | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · As of · | |||||||||||||||||||
| · · March 31, 2025 · · · December 31, 2024 · · March 31, 2024 · · | |||||||||||||||||||
| · · (dollars in thousands) · | |||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | |
| · Amount · % · · Amount · % · Amount · % · | |||||||||||||||||||
| Cash, federal funds sold, and interest-bearing deposits | | $324,710 | 4% | | $262,324 | 3% | | $158,008 | 2% | | |||||||||
| Securities | | | 1,220,717 | 13% | | | 1,200,435 | 13% | | | 1,031,861 | 12% | | ||||||
| Net loans/leases | | | 6,732,813 | 74% | | | 6,694,563 | 74% | | | 6,563,866 | 76% | | ||||||
| Derivatives | | | 180,997 | | 2% | | | 186,781 | | 2% | | | 183,888 | | 2% | | |||
| Other assets | | | 693,542 | | 7% | | | 681,927 | | 8% | | | 661,926 | | 8% | | |||
| Total assets | | $9,152,779 | 100% | | $9,026,030 | 100% | | $8,599,549 | 100% | | |||||||||
| | | | | | | | | | | | | | | | | | | | |
| Total deposits | | $7,337,390 | 80% | | $7,061,187 | 79% | | $6,806,775 | 79% | | |||||||||
| Total borrowings | | | 429,921 | 5% | | | 569,532 | 6% | | | 489,633 | 6% | | ||||||
| Derivatives | | | 206,925 | | 2% | | | 214,823 | | 2% | | | 211,677 | | 2% | | |||
| Other liabilities | | | 155,796 | 2% | | | 183,101 | 2% | | | 184,122 | 2% | | ||||||
| Total stockholders' equity | | | 1,022,747 | 11% | | | 997,387 | 11% | | | 907,342 | 11% | | ||||||
| Total liabilities and stockholders' equity | | $9,152,779 | 100% | | $9,026,030 | 100% | | $8,599,549 | 100% | | |||||||||
| | | | | | | | | | | | | | | | | | | | |
During the first quarter of 2025, the Company's total assets increased $126.7 million, or 1%, from December 31, 2024, to a total of $9.2 billion. The Company’s net loans/leases increased $38.3 million in the first quarter of 2025. During the first quarter of 2025, loan activity was influenced by heightened macroeconomic and governmental uncertainty. The Company anticipates that the slowdown in its LIHTC business during this period should lead to a larger pipeline of future activity driven by the ongoing significant demand for low-income housing. Deposits increased $276.2 million, or 4%, during the first quarter of 2025. Borrowings decreased $139.6 million, or 25%, during the first quarter of 2025 due primarily to strong deposit growth reducing funding needs.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.