QCR HOLDINGS INC

For the period ended Jun 30, 2025. Filed Aug 8, 2025.

About this filing

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.

Jun 30, 2025 · Filed Aug 8, 2025

QCRH$100.85-0.3%Stored close · as of Nov 6, 2026

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Contents

Loans/Leases

Total loans/leases grew 6.2% on an annualized basis, when adding back the impact from the planned runoff of m2 Equipment Finance loans and leases during the first six months of 2025. The mix of the loan/lease classes within the Company's loan/lease portfolio is presented in the following table:


· · As of ·
· · June 30, 2025 · · · March 31, 2025 · · · December 31, 2024 · · · June 30, 2024 ·
· Amount · % · · Amount · % · · Amount · % · · Amount · % ·
				(dollars in thousands)

C&I - revolving	$380,029	5%		$388,479	6%		$387,991	6%		$362,115	5%
C&I - other	1,375,689	20%		1,444,119	21%		1,514,932	22%		1,463,198	21%
CRE - owner occupied	593,675	9%		599,488	9%		605,993	9%		633,596	9%
CRE - non-owner occupied	1,036,049	15%		1,040,281	15%		1,077,852	16%		1,082,457	16%
Construction and land development	1,529,022	22%		1,419,208	21%		1,313,543	19%		1,082,348	16%
Multi-family	1,251,763	18%		1,178,299	17%		1,132,110	17%		1,477,483	22%
Direct financing leases	12,880	-	%	14,773	-	%	17,076	-	%	25,808	-	%
1-4 family real estate	592,253	9%		592,127	9%		588,179	9%		583,542	9%
Consumer	153,564	2%		146,393	2%		146,728	2%		143,839	2%
Total loans/leases	$6,924,924	100%		$6,823,167	100%		$6,784,404	100%		$6,854,386	100%
Less allowance	(88,732)			(90,354)			(89,841)			(87,706)
Net loans/leases	$6,836,192			$6,732,813			$6,694,563			$6,766,680

Part I

Item 2

CRE loans are predominantly included within the CRE – owner occupied, CRE – non-owner occupied, construction and land development and multi-family loan classes, however, CRE loans can also be included in 1-4 family based on nature of the loan. As CRE loans have historically been the Company's largest portfolio segment, management places a strong emphasis on the underwriting and monitoring of the characteristics and composition of the Company's CRE loan portfolio. For example, management tracks the level of owner-occupied CRE loans relative to non-owner-occupied loans because owner-occupied loans are generally considered to have less risk. Additionally, the Company reviews CRE concentrations by industry in relation to risk-based capital on a quarterly basis. Approximately 45% of the CRE loan portfolio consists of LIHTC loans, all of which are performing and all of which are pass rated.

Historically, the Company structures most residential real estate loans to conform to the underwriting requirements of Freddie Mac and Fannie Mae to allow the subsidiary banks to resell the loans on the secondary market to avoid the interest rate risk associated with longer term fixed rate loans and to recognize noninterest income from the gain on sale. Loans originated for this purpose were classified as held for sale and are included in the residential real estate loans in the table above. Historically, the subsidiary banks structure most loans that will not conform to the underwriting requirements of Freddie Mac and Fannie Mae as adjustable-rate mortgages that mature or adjust in one to five years, and then retain these loans in their respective portfolios. The Company also holds 15-year fixed rate residential real estate loans originated in prior years that met certain credit guidelines. The Company has not originated any subprime, Alt-A, no documentation, or stated income residential real estate loans throughout its history.

The following is a listing of significant industries within the Company's CRE loan portfolio. These include loans in the following portfolio segments as of June 30, 2025: CRE owner occupied, CRE non-owner occupied, certain construction and land development, multifamily and certain 1-4 family real estate. Within the CRE Loan portfolio, there is a low amount of office exposure, totaling $222.6 million or 3.2% of total loans at June 30, 2025.


· · As of June 30, · · · As of March 31, · · As of December 31, · · As of June 30,
· · 2025 · · · 2025 · · · 2024 · · · 2024 ·
· Amount · % · · Amount · % · · Amount · % · · Amount · %
							(dollars in thousands)

Lessors of residential buildings - LIHTC	$2,057,244	45%		$1,936,708	44%			$1,778,488	41%		$1,918,245	43%
Lessors of nonresidential buildings	701,754	15%		683,846	15%			679,480	16%		628,783	14%
Lessors of residential buildings - non LIHTC	507,213	11%		499,645	11%			535,671	12%		444,631	10%
Hotels	131,404	3%		136,990	3%			141,005	3%		137,485	3%
New housing for-sale builders	69,926	1%		68,617	2%			71,437	2%		83,929	2%
Other *	1,149,458	25%		1,126,551	25%			1,134,201	26%		1,261,727	28%
Other - LIHTC	1,442	-	%	1,447	-	%		1,452	-	%	19,468	-	%
Total CRE loans	$4,618,441	100%		$4,453,804	100%			$4,341,734	100%		$4,494,268	100%

“Other” consists of all other industries. None of these had concentrations greater than $66.0 million, or approximately 1.4% of total CRE loans in the most recent period presented.

The following table reflects credit quality indicators and performance of the Company’s CRE loan portfolio:


· · As of June 30, · · · As of March 31, · · · As of December 31, ·
· · 2025 · · · 2025 · · · 2024 ·
· · Delinquency Status* · · · · · % of · · · Delinquency Status* · · · · · % of · · · Delinquency Status* · · · · · % of ·
· · Performing · · Nonperforming · · Total · · CRE · · · Performing · · · Nonperforming · · Total · · CRE · · · Performing · · · Nonperforming · · Total · · CRE ·
							(dollars in thousands)

Pass	$4,517,284	$—	$4,517,284	98%	$4,366,351	$350		$4,366,701	98%	$4,248,186	$—	$4,248,186	98%
Special Mention	52,551	—	52,551	1%	35,017	—		35,017	1%	34,835	—	34,835	1%
Substandard	37,672	10,934	48,606	1%	42,652	9,434		52,086	1%	41,955	16,758	58,713	1%
Doubtful	—	—	—	0%	—	—		—	0%	—	—	—	0%
	$4,607,507	$10,934	$4,618,441	100%	$4,444,020	$9,784		$4,453,804	100%	$4,324,976	$16,758	$4,341,734	100%

As a percentage of total CRE portfolio	99.76%	0.24%	100%		99.78%	0.22%		100%		99.61%	0.39%	100%

Performing = CRE loans accruing and less than 90 days past due. Nonperforming = CRE loans on nonaccrual and accruing CRE loans that are greater than or equal to 90 days past due.

Part I

Item 2

The Company’s construction and land development loan portfolio includes the following:


· As of ·
· June 30, 2025 · · · March 31, 2025 · · · December 31, 2024 · · · June 30, 2024 · ·
· Amount · · % · · · Amount · · % · · · Amount · · % · · · Amount · · % · ·
	(dollars in thousands)

LIHTC construction		$1,075,000	70%	$1,016,207	72%	$917,986	70%	$750,894	69%
Construction (commercial)		366,303	24%	316,916	22%	312,288	23%	268,435	25%
Land development		78,530	5%	78,550	6%	72,644	6%	52,787	5%
Construction (non-commercial residential)		9,189	1%	7,535	(0)%	10,625	1%	10,232	1%
Total construction and land development		$1,529,022	100%	$1,419,208	100%	$1,313,543	100%	$1,082,348	100%

The Company's 1-4 family real estate loan portfolio includes the following:

●	Certain loans that do not meet the criteria for sale into the secondary market. These are often structured as adjustable rate mortgages with maturities ranging from three to seven years to avoid long-term interest rate risk.

●	A limited amount of 15-year, 20-year and 30-year fixed rate residential real estate loans that meet certain credit guidelines.

The remaining 1-4 family real estate loans originated by the Company were sold on the secondary market to avoid the interest rate risk associated with longer term fixed rate loans and to recognize noninterest income from the gain on sale. Loans originated for this purpose were classified as held for sale and are included in the residential real estate loans above.

Following is a listing of significant equipment types within the m2 loan and lease portfolio:

· · · · · · · · · · · · · · · · · · · · · · ·
· As of June 30, · · · As of March 31, · · · As of December 31, · · · As of June 30, ·
· 2025 · · · 2025 · · · 2024 · · · 2024 ·
· Amount · % · · Amount · % · · Amount · % · · Amount · %
· (dollars in thousands) ·
· · · · · · · · · · · · · · · · · · · · · · ·
Trucks, Vans and Vocational Vehicles	$57,120	23%	$65,197	23%	$81,575	23%	$85,537	23%
Construction - General	20,003	8%	22,700	8%	25,559	7%	25,591	7%
Trailers	14,624	6%	17,267	6%	21,638	6%	23,032	6%
Tractor	14,082	6%	15,849	6%	20,353	6%	21,280	6%
Computer Equipment	13,883	5%	15,052	5%	17,765	5%	18,623	5%
Food Processing Equipment	12,578	5%	13,920	5%	14,829	4%	15,059	4%
Manufacturing - General	11,577	5%	13,405	5%	17,490	5%	18,900	5%
Marine - Travelifts	10,733	4%	11,556	4%	13,574	4%	14,368	4%
Freightliners	8,811	3%	11,231	4%	15,478	4%	17,891	5%
Manufacturing - CNC	6,904	3%	7,695	3%	8,558	2%	9,824	3%
Other *	79,702	32%	91,111	31%	116,441	34%	113,793	32%
Total m2 loans and leases	$250,017	100%	$284,983	100%	$353,260	100%	$363,898	100%

*“Other” consists of all other equipment types. None of these had concentrations greater than 3% of total m2 loan and lease portfolio in the most recent period presented.

See Note 3 to the Consolidated Financial Statements for additional information regarding the Company's loan and lease portfolio.

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