QCR HOLDINGS INC
For the period ended Jun 30, 2025. Filed Aug 8, 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.
Jun 30, 2025 · Filed Aug 8, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Nonperforming Assets
The table below presents the amount of NPAs and related ratios:
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| · · As of · · | ||||||||||||||
| · June 30, 2025 · March 31, 2025 · December 31, 2024 · June 30, 2024 · · | ||||||||||||||
| · · (dollars in thousands) · · | ||||||||||||||
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| Nonaccrual loans/leases (1) | | $42,482 | | $47,259 | | $40,080 | | $33,546 | | | ||||
| Accruing loans/leases past due 90 days or more | | 7 | | 356 | | 4,270 | | 87 | | | ||||
| Total NPLs | | 42,489 | | 47,615 | | 44,350 | | 33,633 | | | ||||
| OREO | | | 62 | | | 402 | | | 661 | | | 512 | | |
| Other repossessed assets | | 113 | | 122 | | 543 | | 369 | | | ||||
| Total NPAs | | $42,664 | | $48,139 | | $45,554 | | $34,514 | | | ||||
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| NPLs to total loans/leases | 0.61% | 0.70% | 0.65% | | 0.49% | | ||||||||
| NPAs to total loans/leases plus repossessed property | | 0.62% | 0.71% | 0.67% | | 0.50% | | |||||||
| NPAs to total assets | | 0.46% | 0.53% | 0.50% | | 0.39% | | |||||||
| Nonaccrual loans/leases to total loans/leases | | | 0.61% | | 0.69% | | 0.59% | | 0.49% | | ||||
| ACL to nonaccrual loans | | 208.84% | 191.19% | 224.15% | | 261.45% | | |||||||
| (1) | Includes government guaranteed portion of loans, as applicable. |
NPAs at June 30, 2025 were $42.7 million, a decrease of $5.5 million from March 31, 2025, and an increase of $8.2 million from June 30, 2024. The decrease in NPAs during the quarter was driven by payoffs and charge-offs. The ratio of NPAs to total assets was 0.46% at June 30, 2025, a decrease from 0.53% at March 31, 2025, and an increase from 0.39% at June 30, 2024.
The majority of the NPAs consist of nonaccrual loans/leases. For nonaccrual loans/leases, management has thoroughly reviewed these loans/leases and has provided specific allowances as appropriate.
OREO and other repossessed assets are carried at the lower of carrying amount or fair value less costs to sell.
Part I
Item 2
The policy of the Company is to place a loan/lease on nonaccrual status if: (a) payment in full of interest or principal is not expected; or (b) principal or interest has been in default for a period of 90 days or more unless the obligation is both in the process of collection and well secured. A loan/lease is well secured if it is secured by collateral with sufficient market value to repay principal and all accrued interest. A debt is in the process of collection if collection of the debt is proceeding in due course either through legal action, including judgment enforcement procedures, or in appropriate circumstances, through collection efforts not involving legal action which are reasonably expected to result in repayment of the debt or in its restoration to current status.
The Company's lending/leasing practices remain unchanged and asset quality remains a top priority for management.
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