QCR HOLDINGS INC QCRH Income Statement

Qcr holdings inc (QCRH)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Interest and dividend income:
Loans/leases, including fees
190,324	160,160	117,465	91,235	74,615	69,423	66,810	63,363	64,807	67,999	73,145
Securities:
Taxable
6,607	6,353	5,145	4,585	6,772	9,618	10,061	10,781	10,877	10,109	10,748
Nontaxable
13,858	13,668	11,253	9,686	7,782	6,074	4,147	2,339	983	907	967
Interest-bearing deposits at financial institutions
3,910	1,267	874	393	304	299	275	378	404	411	313
Restricted investment securities
1,174	1,093	631	522	503	528	558	507	557	497	302
Federal funds sold
203	338	149	45	24	21	18	5	92	173	133
Total interest and dividend income
216,076	182,879	135,517	106,467	90,003	85,965	81,871	77,375	77,723	80,097	85,610
Interest expense:
Deposits
50,875	30,675	13,012	6,018	4,495	4,508	4,714	6,218	8,939	12,681	18,374
Short-term borrowings
363	271	114	93	210	233	293	248	290	628	711
Federal Home Loan Bank advances
2,894	4,193	1,981	1,284	3,511	6,025	6,863	7,279	7,972	9,246	9,082
Other borrowings
513	3,207	2,879	3,317	4,233	4,890	4,753	4,940	5,149	5,732	4,764
Subordinated notes
3,564	139	-	-	-	-	-	-	-	-	-
Junior subordinated debentures
2,308	1,999	1,466	1,236	1,255	1,234	1,142	1,038	1,227	1,945	2,016
Total interest expense
60,517	40,484	19,452	11,950	13,706	16,894	17,766	19,726	23,578	30,233	34,949
Net interest income
155,559	142,395	116,065	94,516	76,296	69,071	64,105	57,649	54,144	49,863	50,661
Provision for loan/lease losses
7,066	12,658	8,470	7,478	6,870	6,807	5,930	4,370	6,616	7,463	16,975
Net interest income after provision for loan/lease losses
148,493	129,737	107,595	87,038	69,425	62,264	58,175	53,278	47,528	42,400	33,686
Noninterest income:
Revenue
294,844	224,420	165,999	137,502	-	-	-	-	-	-	-
Gains on sales of residential real estate loans, net
2,571	901	409	431	322	460	836	1,388	999	3,169	1,677
Gains on sales of government guaranteed portions of loans, net
748	405	1,164	3,159	1,304	2,040	2,148	1,069	1,565	-	-
Swap fee income
28,295	10,787	3,095	1,708	1,717	154	104	-	-	-	-
Securities losses, net
-30	-	-88	4,592	798	92	432	104	1,472	-	1,488
Earnings on bank-owned life insurance
1,973	1,632	1,802	1,771	1,762	1,721	1,786	1,609	1,445	1,331	1,243
Participation service fees on commercial loan participations
-	-	-	-	-	-	768	665	-	-	-
Bargain purchase gain on Community National Acquisition
-	-	-	-	-	-	1,841	-	-	-	-
Gain on sale of assets and liabilities of subsidiary
12,286	-	-	-	-	-	-	-	-	-	-
Fee income from early termination of leases
-	-	-	-	-	-	123	-	-	-	-
Credit card issuing fees
-	-	-	-	-	-	743	-	500	259	930
Lawsuit award
-	-	-	-	-	-	444	-	-	-	-
Gains on sales of certain Community National Bank branches
-	-	-	-	-	-	-	580	-	-	-
Gains (losses) on other real estate owned, net
-	-	-	-	-	-	-	-1,332	-374	-835	177
Other
5,429	3,848	3,265	2,913	3,133	2,280	1,272	2,261	2,881	2,898	2,318
Total noninterest income
78,768	41,541	30,482	31,036	24,363	21,281	26,845	16,621	17,461	15,405	15,547
Gain on sale of credit card loan receivables
-	-	-	-	-	-	495	-	-	-	-
Noninterest expense:
Salaries and employee benefits
92,063	68,994	55,722	46,317	42,967	40,337	37,510	33,274	30,365	27,843	26,882
Occupancy and equipment expense
15,106	12,884	10,938	8,404	7,042	7,385	6,712	5,635	5,297	5,472	5,372
Professional and data processing fees
13,381	11,452	10,757	7,113	5,523	6,191	6,424	4,317	4,461	4,524	4,664
Acquisition costs
-	1,795	1,069	1,400	0	0	2,353	-	-	-	-
Post-acquisition compensation, transition and integration costs
3,582	2,086	4,310	1,041	0	-	-	-	-	-	-
Disposition costs
3,325	-	-	-	-	-	-	-	-	-	-
FDIC insurance, other insurance and regulatory fees
2,955	3,594	2,752	2,549	2,724	2,895	2,587	2,330	2,698	3,528	3,626
Loan/lease expense
1,097	1,544	1,164	662	882	665	1,241	1,041	2,160	1,657	1,997
Net cost of and gains/losses on operations of other real estate
3,789	2,489	2	591	-1,092	603	1,206	-	-	-	-
Advertising and marketing
4,548	3,552	2,625	2,127	1,900	1,985	1,726	1,445	1,288	1,053	991
Postage and communications
-	-	-	-	-	-	1,069	959	937	1,004	1,060
Stationery and supplies
-	-	-	-	-	-	562	541	516	491	528
Bank service charges
2,009	1,838	1,771	1,692	1,486	1,291	1,144	853	725	420	306
Losses on debt extinguishment
-436	-	-	-4,577	-7,185	0	-	-	-	-	-
Correspondent banking expense
836	821	807	750	703	635	661	-	-	-	-
Intangibles amortization
2,266	1,692	1,001	442	199	-	-	-	-	-	-
Goodwill impairment
3,000	-	-	-	-	-	-	-	-	-	-
Prepayment fees on Federal Home Loan Bank advances
-	-	-	-	-	-	-	-	832	-	-
Other-than-temporary impairment losses on securities
-	-	-	-	-	-	-	62	118	113	206
Losses on lease residual values
-	-	-	-	-	-	-	-	-	617	-
Other
6,841	6,402	4,506	3,815	3,667	3,563	2,264	1,796	1,589	1,822	1,300
Total noninterest expense
155,234	119,143	97,424	81,485	73,192	65,553	65,464	52,258	50,992	48,549	46,937
Net income before income taxes
72,027	52,135	40,653	36,589	20,597	17,991	19,556	17,640	13,998	9,256	2,296
Federal and state income tax expense
14,619	9,015	4,946	8,902	3,669	3,038	4,617	4,534	3,868	2,449	247
Net income
-	-	-	-	-	14,952	14,938	13,106	10,129	6,807	2,048
Less: net income attributable to noncontrolling interests
-	-	-	-	-	-	-	488	438	221	276
Net income
57,408	43,120	35,707	27,686	16,927	-	-	12,617	9,691	6,586	1,771
Less: preferred stock dividends
-	-	-	-	-	1,081	3,168	3,496	5,283	4,128	3,843
Net income attributable to QCR Holdings, Inc. common stockholders
-	-	-	-	-	13,870	11,769	9,121	4,407	2,458	-2,072
Basic earnings per common share (in dollars per share)
3.65	2.92	2.68	2.20	1.64	1.75	2.13	1.88	0.93	0.54	-0.46
Diluted earnings per common share (in dollars per share)
3.60	2.86	2.61	2.17	1.61	1.72	2.08	1.85	0.92	0.53	-0.46
Weighted average common shares outstanding (in shares)
15,730	14,768	13,325	12,570	10,345	7,925	5,531	4,844	4,724	4,593	4,540
Weighted average common and common equivalent shares outstanding (in shares)
15,967	15,064	13,680	12,766	10,499	8,048	5,646	4,919	4,789	4,618	4,540
Cash dividends declared per common share (in dollars per share)
0.24	0.24	0.20	0.16	0.08	0.08	0.08	0.08	0.08	0.08	0.08
Trust department fees
Revenue
9,559	8,707	7,188	6,164	6,131	5,715	4,941	3,632	3,368	3,290	2,883
Investment advisory and management fees
Revenue
6,995	4,726	3,870	2,992	2,971	2,798	2,580	2,361	2,108	1,812	1,507
Deposit service fees
Revenue
6,812	6,420	5,919	4,439	3,784	3,809	3,873	3,485	3,493	3,478	3,319
Debit card fees
Revenue
3,357	3,263	2,942	1,814	1,244	1,143	991	951	-	-	-
Correspondent banking fees
Revenue
773	852	916	1,050	1,190	1,064	772	424	-	-	-