Annual Report 2020 Annual Report
3
FOCUSED ON SERVING OUR CLIENTS
A Message from the Chair and Vice Chair of the Board
As we turn the
page to 2021,
we’re optimistic
and confident
about the
opportunities
ahead.
Pat Baird,
Chair of the Board
Marie Zelnio-Ziegler,
Vice Chair of the Board
On behalf of the entire Board of Directors, we are pleased and proud to
bring you this year’s Annual Report.
As we reflect on 2020, it’s difficult to describe the challenges we faced as in-
dividuals, families, businesses and even as a country. As we turn the page to
2021, we’re optimistic and confident about the opportunities ahead while
aware that many challenges continue.
A year ago, we were confident that
QCR Holdings’ companies were
well-positioned to support our cli-
ents, communities, employees and
shareholders through the uncer-
tainty. While there was no way to
predict all that happened, we now
know we were indeed prepared to
successfully serve all of our stake-
holders. With record earnings and
improving operating metrics, our
organization adapted and thrived
while serving our clients’ best inter-
ests and the markets we serve.
We are all hopeful that we will see
ongoing recovery in all areas over
the course of the year, and no doubt
new issues will arise, as well. Our
organization will continue to adapt
and be part of the solution for all
stakeholders. We have a great man-
agement team in place and a strong
financial position to take us there.
Thank you for being
our shareholders, and
please stay safe.
4
RELATIONSHIPS MATTER
A message from the CEO and President
The year 2020 presented challenges no one could have predicted. While there
were often more questions than answers, the impacts to our families, clients, busi-
nesses and communities were deeply personal. Through it all, there seemed to be
one universal truth: Relationships Matter.
From learning how to adapt our business during
a pandemic, to helping new and existing clients
secure business-saving Paycheck Protection
Program (PPP) loans, our team came together to
support each other and our clients in a way that
was truly inspiring.
Because of our long-standing emphasis on
building relationships, we exceeded our goals,
gained hundreds of new clients, and reported
another record year. Our record net income
results, driven by continued strong growth in
loans, deposits and fee income, were accom-
plished while also significantly building our re-
serves for future loan losses.
There are likely still challenges ahead. However,
we start the year with exceptional credit qual-
ity and a strong capital position. We remain
focused on simple growth strategies across all
of our bank charters and our leasing company,
providing best in class service through opera-
tional excellence and helping our clients make
their financial dreams come true.
“…There seemed to be one universal
truth: Relationships Matter.”
We’re genuinely excited by what’s ahead in 2021
and beyond and we will continue to work hard
each day to drive long-term shareholder value.
Larry J. Helling
Chief Executive Officer
QCR Holdings, Inc.
Todd A. Gipple
President, COO, CFO
QCR Holdings, Inc.
QCR Holdings, Inc. OUR FUTURE:
A SIMPLE AND
FOCUSED
STRATEGY
OUR PERFORMANCE IN
2020 GAVE US INCREDIBLE
MOMENTUM ENTERING
THE NEW YEAR. WE’VE SET
A SIMPLE AND FOCUSED
STRATEGY FOR OUR FUTURE.
9-6-5 IS OUR PLAN TO
CONTINUE TO GROW EARNINGS
AND DRIVE ATTRACTIVE LONG-
TERM RETURNS FOR OUR
SHAREHOLDERS.
Grow loans by 9% per year, funded with core deposits
We intend to continue to gain market share across our charters
by capitalizing on the value that our clients place on relation-
ship-based community banking. Our goal is to organically grow
loans and leases by 9% per year and to fund this growth with a
corresponding increase in our core deposits.
Grow fee income no less than 6% per year
We will continue our efforts to diversify our revenue mix and
develop more opportunities to increase profitability with con-
tinued gains in noninterest income. Our goal is to grow our fee-
based income by at least 6% per year.
Improve efficiencies and hold expense growth
to 5% per year
We will increase our focus on improving operational efficiencies
and managing our noninterest expenses. Our goal is to limit our
annual operating expense growth to no more than 5% per year.
6
OUR PERFORMANCE
Another Record-Breaking Year
2020 was a year like no other given the
challenges presented by the COVID-19
pandemic.
The entire QCR Holdings team adjusted to
the new environment, helped our clients
manage the impact of the crisis and con-
tinued to identify and capitalize on growth
opportunities, enabling us to deliver an-
other year of record earnings.
Our strong financial results were driven by
robust revenue growth, including record
fee income, and solid organic loan growth
that helped boost our net interest income.
2020 PERFORMANCE HIGHLIGHTS
• Adjusted net income increased 8%
•
Tangible book value per share grew by 14%
• After adjusting for non-core items, revenue
grew by 25%, driven by record swap fee
income and higher net interest income
•
•
•
•
Loans grew by nearly 8%, driven by healthy
demand from new and existing clients
Core deposits grew by 22% for the year and
25% of total deposits are now noninterest-
bearing
Continued to gain market share across our
charters, reflecting the value that our clients
place on relationship-based community
banking
Protected our net interest margin over
the course of the year as we significantly
reduced our high-cost wholesale funding
and capitalized on favorable deposit
repricing opportunities
• Our credit quality remains excellent
with net charge-offs near zero and
nonperforming assets now represent only
0.26% of total assets
QCR Holdings, Inc. RESPONDING TO OUR CLIENTS’ NEEDS
Paycheck Protection Program and QCRH Loan Relief Program
7
At the early onset of the pandemic, we recognized the importance of
quickly responding to the needs of our clients and communities. We
proactively launched our Loan Relief Program, allowing clients to de-
fer payments and preserve cash and liquidity.
More than 1,900 clients received
deferrals, totaling over $575 million
of loans and leases. Nearly all of our
borrowers who received payment
relief resumed payments well before
the year ended. At year-end, we had
only $28 million of loans remaining
on deferral, or 0.66% of the total
portfolio. We believe this speaks to
the high quality of our loan port-
folio and the resiliency of our local
markets, which continue to exhibit
improving economic activity.
With the introduction of the SBA
Paycheck Protection Program (PPP),
our lending teams originated 1,700
PPP loans totaling $358 million,
which included the acquisition of
more than 300 new, highly desired
clients. This program effectively
provided much-needed capital and
liquidity to commercial and non-
profit clients. Due to our philosophy
of putting clients first coupled with
our agile business model, QCRH was
able to respond to clients’ needs
more quickly than larger institutions
in our markets.
SUMMARY OF 2020 FINANCIAL RESULTS (in thousands)
2016
2017
2018
2019
2020
Net interest income
$94,517
$116,065
$142,395
$155,559
$166,950
Non-interest income
31,037
30,482
41,541
78,768
113,798
Non-interest expense
(81,486)
(97,424)
(119,143)
(155,234)
(151,755)
Pre-tax pre-provision net income
44,068
49,123
64,793
79,093
128,993
Provision for loan/lease losses
(7,478)
(8,470)
(12,658)
(7,066)
(55,704)
Net income before taxes
36,590
40,653
52,135
72,027
73,289
Income taxes
Net income
(8,903)
(4,946)
(9,015)
(14,619)
(12,707)
$27,687
$35,707
$43,120
$57,408
$60,582
2020 Annual Report 8
FINANCIAL
HIGHLIGHTS
7%
Wealth Management
Net Income Growth
0.26%
NPAs/ASSETS
14.2%
Tangible Book Value
Per Share Growth
8.2%
Adjusted Earnings
Per Share Growth
8.1%
Adjusted Net
Income Growth
2020
Annual
Key Metrics
10.7%
Return on Average
Total Equity
7.8%
Organic Loan
Growth
1.13%
Adjusted Return on
Average Assets
QCR Holdings, Inc. GROSS LOANS/LEASES (MILLIONS)
TOTAL DEPOSITS (MILLIONS)
12.31.20
12.31.19
12.31.18
12.31.17
$0
$4,251
$3,690
$3,733
$2,964
12.31.20
12.31.19
12.31.18
12.31.17
$4,599
$3,911
$3,545
$3,267
$2,500
$5,000
$0
$2,500
$5,000
LOAN MIX BALANCES
(AS OF 12/31/20)
Commercial and
Industrial
41%
Commercial Real Estate
50%
Installment and Consumer
2%
Residential Real Estate
6%
Direct Financing Leases
1%
12.31.20
12.31.19
12.31.18
12.31.17
$0
TOTAL ASSETS
(MILLIONS)
BOOK VALUE VS.
FAIR MARKET VALUE
YEAR-END / COMMON STOCK (MILLIONS)
BOOK VALUE
FAIR MARKET VALUE
$800
$600
$400
$200
$0
DEPOSIT MIX BALANCES
(AS OF 12/31/20)
Time Deposits
10%
Noninterest-
bearing
25%
Brokered
Deposits
0%
Interest-bearing
65%
$5,683
$4,909
$4,441
$3,521
$3,000
$6,000
ASSET GROWTH
(MILLIONS)
(1) INCLUDES ACQUISITION OF GUARANTY BANK & TRUST
(2) INCLUDES MERGER WITH SPRINGFIELD BANCSHARES / ACQUISITION OF
BATES COMPANIES
$1000
$920
$610
$774
$468
$800
$600
$400
$200
$0
2017
2018
2019
2020
2017(1)
2018(2)
2019
2020
10
ENVIRONMENTAL, SOCIAL
AND GOVERNANCE (ESG)
A long-term commitment
QCR Holdings is a company built on relationships and integrity. We adhere to those
principles in all areas of our business and in our communities and believe that mean-
ingful environmental, social and governance programs will not only drive shareholder
value but make us a better company.
With numerous programs and activities aligned with the ESG framework, we continue
to develop and enhance our long-term plan for the future. We are advancing standard
reporting processes and gathering benchmarking data to generate meaningful ESG
goals for our company based on relevant metrics for our industry.
ENVIRONMENTAL
Responsible use of our resources with a
focus on sustainability
SOCIAL
Commitment to support the communities
in which we live and work
GOVERNANCE
Integrity in our business practices
QCR Holdings, Inc. 2020 ESG HIGHLIGHTS
11
Energy efficient facility
enhancements to reduce
energy consumption
12,563
employee
volunteer hours
in 2020
42%
QCR Holdings board is
comprised of 42% females
and minorities
$17.5 million
in financing for solar projects
and $5.49 million in Property
Assessed Clean Energy (PACE)
financing outstanding as of
12/31/20
Paid parental leave and
enhanced mental health
benefits added to employee
benefits package
Company-wide
diversity training and
unconscious bias
workshops conducted
in 2020
$33,536,203
CRA financing and
investments in 2020;
639 hours of financial
literacy classes
The Board provides
oversight of the
company’s ESG initiatives
and strategy
$1,654,776
in corporate
sponsorships and
donations
2020 Annual Report 12
OUR LEADERSHIP
BOARD OF DIRECTORS
Larry J. Helling
Chief Executive Officer,
QCR Holdings, Inc.
Patrick S. Baird
Chair of the Board, QCR Holdings, Inc.,
President and Chief Executive Officer,
(retired) AEGON USA
Marie Zelnio-Ziegler
Vice Chair of the Board, QCR Holdings, Inc.,
Vice President and Deputy Financial Officer
(retired), Deere & Company
Mary Kay Bates
President and Chief Executive Officer,
Bank Midwest
John-Paul E. Besong
Executive (retired),
Rockwell Collins
Brent R. Cobb
Chief Executive Officer,
World Class Industries
James M. Field
President and Chief Financial Officer
(retired), Deere and Company
Todd A. Gipple
President, Chief Operating Officer and
Chief Financial Officer, QCR Holdings, Inc.
Elizabeth S. Jacobs
President, The Jacobs Group, LLC
Mark C. Kilmer
President, The Republic Companies
Timothy B. O’Reilly
Chief Executive Officer, Managing Partner,
O’Reilly Hospitality Management, LLC
Donna J. Sorenson, J.D.
President, Sorensen Consulting
QCR Holdings, Inc. 13
Management Cabinet
(Shown left to right)
Anne E. Howard
Senior Vice President, Director of Human Resources,
QCR Holdings, Inc.
Todd A. Gipple
President, Chief Operating Officer and Chief Financial Officer,
QCR Holdings, Inc.
Larry J. Helling
Chief Executive Officer, QCR Holdings, Inc. and
Cedar Rapids Bank & Trust
John H. Anderson
Chief Executive Officer, Quad City Bank & Trust,
Chief Deposit Officer, QCR Holdings, Inc.
Dana L. Nichols
Executive Vice President, Chief Lending Officer,
QCR Holdings, Inc.
Leadership Team
Leadership Team includes all members of the Management Cabinet and the following:
Stacey J. Bentley
Robert M. Eby
Kim K. Garrett
Kurt A. Gibson
Todd C. Kerska
President and Chief Executive Officer,
Community Bank & Trust
Executive Vice President,
Chief Credit Officer,
QCR Holdings, Inc.
Vice President, Corporate
Communications and Investor Relations
Manager, QCR Holdings, Inc.
President and Chief Executive Officer,
Community State Bank
Chair, Best in Class Initiatives,
QCR Holdings, Inc. and Cedar Rapids
Bank & Trust Cashier
James D. Klein
President,
Cedar Rapids Bank & Trust
Monte C. McNew
John A. Rodriguez
President and Chief Executive Officer,
SFC Bank
Executive Vice President, Operations,
QCR Holdings, Inc.
Reba K. Winter
Executive Vice President,
Chief Information Officer,
QCR Holdings, Inc.
2020 Annual Report 14
CONDENSED BALANCE SHEET
Cash and due from banks
Federal funds sold and interest-bearing deposits
Securities
Net loans/leases
Intangibles
Goodwill
Derivatives
Assets held for sale
Other assets
Total assets
Total deposits
Total borrowings
Derivatives
Liabilities held for sale
Other liabilities
Total stockholders' equity
Total liabilities and stockholders' equity
ANALYSIS OF LOAN PORTFOLIO
Loan/lease mix:
Commercial and industrial loans
Commercial real estate loans
Direct financing leases
Residential real estate loans
Installment and other consumer loans
Deferred loan/lease origination costs, net of fees
Total loans/leases
Less allowance for estimated losses on loans/leases
Net loans/leases
ANALYSIS OF SECURITIES PORTFOLIO
Securities mix:
U.S. government sponsored agency securities
Municipal securities
Residential mortgage-backed and related securities
Asset backed securities
Other securities
Total securities
ANALYSIS OF DEPOSITS
Deposit mix:
Noninterest-bearing demand deposits
Interest-bearing demand deposits
Time deposits
Brokered deposits
Total deposits
ANALYSIS OF BORROWINGS
Borrowings mix:
Term FHLB advances
Overnight FHLB advances
Customer repurchase agreements
Federal funds purchased
Subordinated notes
Junior subordinated debentures
Total borrowings
As of
December 31,
2020
December 31,
2019
(dollars in thousands)
Amount
$
61,329
Amount
$
76,254
95,676
838,131
4,166,753
11,381
74,066
222,757
-
157,691
611,341
3,654,204
14,970
74,748
87,827
11,966
212,704
5,682,797
$
220,049
4,909,050
$
$
4,599,137
177,114
$
3,911,051
278,955
229,270
-
83,483
88,436
5,003
90,254
593,793
5,682,797
$
535,351
4,909,050
$
$
1,726,723
2,107,629
$
1,507,825
1,736,396
66,016
252,121
91,302
7,338
87,869
239,904
109,352
8,859
$
$
4,251,129
84,376
4,166,753
3,690,205
36,001
3,654,204
$
$
$
15,336
$
20,078
627,523
132,842
447,853
120,587
40,683
21,747
838,131
$
16,887
5,936
611,341
$
$
1,145,378
$
777,224
2,987,469
460,659
2,407,502
571,343
5,631
4,599,137
$
154,982
3,911,051
$
$
-
15,000
$
50,000
109,300
-
5,430
118,691
2,193
11,230
68,394
$
37,993
177,114
$
37,838
278,955
QCR Holdings, Inc.
INCOME STATEMENT
Interest income
Interest expense
Net interest income
Provision for loan/lease losses
Net interest income after provision for loan/lease losses
Trust department fees
Investment advisory and management fees
Deposit service fees
Gain on sales of residential real estate loans
Gain on sales of government guaranteed portions of loans
Swap fee income
Securities gains (losses), net
Earnings on bank-owned life insurance
Debit card fees
Correspondent banking fees
Gain on sale of assets and liabilities of subsidiary
Other
Total noninterest income
Salaries and employee benefits
Occupancy and equipment expense
Professional and data processing fees
Post-acquisition compensation, transition and integration costs
Disposition costs
FDIC insurance, other insurance and regulatory fees
Loan/lease expense
Net cost of operation of other real estate
Advertising and marketing
Bank service charges
Losses on debt extinguishment
Correspondent banking expense
CDI amortization
Goodwill impairment
Loss on sale of subsidiary
Other
Total noninterest expense
Net income before taxes
Income tax expense
Net income
Basic EPS
Diluted EPS
Weighted average common shares outstanding
Weighted average common and common equivalent shares outstanding
15
For the Year Ended
December 31,
December 31,
2020
2019
(dollars in thousands, except per share data)
$
198,373
$
216,076
31,423
166,950
55,704
60,517
155,559
7,066
$
111,246
$
148,493
$
9,207
$
9,559
5,318
6,041
4,680
224
74,821
2,484
1,904
3,402
903
-
4,814
6,995
6,812
2,571
748
28,295
(30)
1,973
3,357
773
12,286
5,429
$
113,798
$
78,768
$
96,268
$
92,063
16,504
14,644
214
690
4,164
1,435
(307)
3,260
2,016
3,907
838
2,149
500
158
5,315
15,106
13,381
3,582
3,325
2,955
1,097
3,789
4,548
2,009
436
836
2,266
3,000
-
6,841
$
151,755
$
155,234
$
$
73,289
12,707
60,582
$
$
72,027
14,619
57,408
$
$
3.84
3.80
$
$
3.65
3.60
15,771,650
15,952,637
15,730,016
15,967,775
2020 Annual Report
16
COMMON SHARE DATA
Common shares outstanding
Book value per common share (1)
Tangible book value per common share (2)
Closing stock price
Market capitalization
Market price / book value
Market price / tangible book value
Earnings per common share (basic) LTM (3)
Price earnings ratio LTM (3)
TCE / TA (4)
CONDENSED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
Beginning balance
Net income
Other comprehensive income (loss), net of tax
Common stock cash dividends declared
Proceeds from issuance of 9,400 shares of common stock
as a result of the acquisition of Bates Companies
Repurchase and cancellation of 100,932 shares of
common stock as a result of a share repurchase
program
Other (5)
Ending balance
REGULATORY CAPITAL RATIOS:
Total risk-based capital ratio
Tier 1 risk-based capital ratio
Tier 1 leverage capital ratio
Common equity tier 1 ratio
KEY PERFORMANCE RATIOS AND
OTHER METRICS
Return on average assets (annualized)
Return on average total equity (annualized)
Net interest margin
Net interest margin (TEY) (Non-GAAP)(6) (8)
Efficiency ratio (Non-GAAP) (8)
Gross loans and leases / total assets (9)
Full-time equivalent employees (7)
AVERAGE BALANCES
Assets
Loans/leases
Deposits
Total stockholders' equity
For the Year Ended
December 31,
2020
December 31,
2019
(dollars in thousands, except per share data)
15,805,711
15,828,098
$37.57
$32.16
$39.59
$625,748
105.38%
123.09%
$3.84
10.31 x
9.08%
$33.82
$28.15
$43.86
$694,220
129.69%
155.76%
$3.65
12.02 x
9.25%
$
535,351
60,582
2,474
(3,779)
-
(3,779)
2,944
593,793
$
$
473,138
57,408
4,445
(3,775)
400
-
3,735
535,351
$
14.95%
11.34%
9.49%
10.55%
1.08%
10.70%
3.28%
3.44%
54.05%
74.81%
714
13.33%
11.04%
9.53%
10.18%
1.12%
11.31%
3.31%
3.45%
66.18%
74.80%
697
$
5,604,074
4,031,567
4,540,266
566,240
$
5,102,980
3,857,547
4,228,207
507,409
(1) Includes accumulated other comprehensive income (loss).
(2) Includes accumulated other comprehensive income (loss) and excludes intangible assets.
(3) LTM : Last twelve months.
(4) TCE / TCA : tangible common equity / total tangible assets.
(5) Includes mostly common stock issued for options exercised and the employee stock purchase plan, as well as stock-based compensation.
(6) TEY : Tax equivalent yield.
(7) Growth in full-time equivalent employees due to addition of new positions created to build scale.
(8) See GAAP to Non-GAAP reconciliations in the Company's 10-K.
(9) Excludes assets held for sale as of December 31, 2019.
1
QCR Holdings, Inc.
ANALYSIS OF NET INTEREST INCOME AND MARGIN
Fed funds sold
Interest-bearing deposits at financial institutions
Securities (1)
Restricted investment securities
Loans (1)
Total earning assets (1)
Interest-bearing deposits
Time deposits
Short-term borrowings
Federal Home Loan Bank advances
Other borrowings
Subordinated notes
Junior subordinated debentures
Total interest-bearing liabilities
Net interest income / spread (1)
Net interest margin
Net interest margin (TEY) (Non-GAAP) (1) (2) (3)
Adjusted net interest margin (TEY) (Non-GAAP) (1) (2) (3)
17
December 31, 2020
December 31, 2019
For the Year Ended
Average
Balance
Interest Earned
or Paid
Average Yield
or Cost
Average
Balance
Interest Earned
or Paid
Average Yield
or Cost
(dollars in thousands)
$
2,398
$
19
315,616
715,808
20,270
669
26,773
1,031
4,031,567
178,097
$
5,085,659
$
206,589
$
2,797,669
$
11,980
690,222
22,625
74,167
-
83,404
37,913
11,289
84
1,087
-
4,697
2,286
$
3,706,000
$
31,423
$
175,166
$
8,898
$
204
179,635
635,650
21,559
3,857,547
3,910
24,150
1,174
193,365
$
4,703,289
$
222,803
$
2,443,989
$
29,898
966,745
16,837
108,536
13,563
60,883
37,751
20,977
363
2,895
512
3,564
2,308
$
3,648,304
$
60,517
$
162,286
0.79%
0.21%
3.74%
5.00%
4.42%
4.06%
0.43%
1.64%
0.37%
1.44%
-
5.63%
5.93%
0.85%
3.28%
3.44%
3.38%
2.29%
2.18%
3.80%
5.45%
5.01%
4.74%
1.22%
2.17%
2.16%
2.67%
3.77%
5.85%
6.11%
1.66%
3.31%
3.45%
3.36%
(1) Includes nontaxable securities and loans. Interest earned and yields on nontaxable securities and loans are determined on a tax equivalent basis using a 21% tax rate.
(2) TEY: Tax equivalent yield.
(3) See GAPP to non-GAAP reconciliations in the Company's 10K
December 31,
2020
December 31,
2019
(dollars in thousands)
ADJUSTED NIM (TEY)*
Net interest income (GAAP)
Plus: Tax-equivalent adjustment
Net interest income - tax equivalent (non-GAAP)
Less: Acquisition accounting net accretion
Adjusted net interest income
$
$
166,950
8,216
175,166
3,271
171,895
155,559
6,727
162,286
4,344
157,942
$
$
Average earning assets
$
5,085,659
$
4,703,289
NIM (GAAP)
NIM (TEY) (non-GAAP)
Adjusted NIM (TEY) (non-GAAP)
3.28%
3.44%
3.38%
3.31%
3.45%
3.36%
ADJUSTED NET INCOME
Net income (GAAP)
Less nonrecurring items (post-tax) * :
Income:
Securities losses, net
Loss on syndicated loan
Gain on sale of assets and liabilities of subsidiary
Total nonrecurring income (non-GAAP)
Expense:
Losses on debt extinguishment
Goodwill impairment
Disposition costs
Tax expense on expected liquidation of RB&T BOLI
Post-acquisition compensation, transition and integration costs
Loss on sale of subsidiary
Total nonrecurring expense (non-GAAP)
$
60,582
$
57,408
$
$
$
$
(22)
-
$
8,539
8,517
$
$
$
1,962
(210)
-
1,752
3,087
500
545
-
169
110
4,411
345
3,000
2,627
790
2,828
-
9,590
$
$
Adjusted net interest income (non-GAAP)
$
63,240
$
58,480
* Nonrecurring items (after-tax) are calculated using an estimated effective tax rate of 21% with the exception of goodwill impairment,
which is not deductible for tax, and gain on sale of subsidiary, which has an estimated effective tax rate of 30.5%.
4
2020 Annual Report
18
STOCK LISTING INFORMATION
The common stock of QCR Holdings, Inc. is traded on the Nasdaq Global Market under the symbol “QCRH”.
Dividend Information
Record
Date
Payment
Date
Cash
Amount
03/20/20
04/08/20
06/19/20
07/08/20
09/18/20
10/07/20
12/18/20
01/06/21
$ .06
$ .06
$ .06
$ .06
2021 Annual Meeting of Stockholders
Analysts or other investors interested in information may contact:
Todd A. Gipple
President, Chief Operating Officer and Chief Financial Officer
QCR Holdings, Inc., 3551 Seventh Street, Moline, IL 61265
309.743.7745
Kim K. Garrett
Vice President, Corp Communications and Investor Relations Manager
QCR Holdings, Inc., 500 First Avenue NE, Cedar Rapids, IA 52401
319.743.7006
Independent Registered Public Accounting Firm
RSM US LLP, Davenport, IA
Corporate Counsel
Lane & Waterman LLP, Davenport, IA
Barack Ferrazzano Kirschbaum & Nagelberg LLP, Chicago, IL
Internet Information
Information on our subsidiaries’ history, locations, products and
services can be accessed on the internet at: www.qcbt.bank,
www.crbt.bank, www.communitybt.bank, www.bankcsb.com,
www.sfc.bank and www.m2equipmentfinance.com
We invite you to electronically attend the “virtual” annual meeting
which will be held on Thursday, May 20, 2021 at 8:00 a.m. Central
Daylight Time. You will be able to attend the annual meeting and vote
during the meeting by visiting: www.virtualshareholdermeeting.com/
QCRH2021. Prior to the meeting, you will be able to vote by visiting
www.proxyvote.com.
Stockholders interested in information may contact:
Shellee R. Showalter
Senior Vice President, Director of Investor Services & Compensation
QCR Holdings, Inc., 3551 Seventh Street, Moline, IL 61265
309.743.7760
Annual Report on Form 10-K
Copies of the QCR Holdings, Inc. annual report on Form 10-K and
exhibits filed with the Securities and Exchange Commission are
available to stockholders without charge by accessing our website at
www.qcrh.com or may contact:
Nick W. Anderson
Senior Vice President, Chief Accounting Officer
QCR Holdings, Inc., 3551 Seventh Street, Moline, IL 61265
309.743.7707
Stock Transfer Agent
Inquiries related to stockholder records, stock transfers, lost certificates,
changes of ownership, changes of address, and dividend payments
should be sent to our transfer agent at the following address:
AST Shareholder Services
Attn: Operations Center
6201 15th Avenue, Brooklyn, NY 11219
1.718.921.8124 or 1.800.937.5449
QCR Holdings, Inc. 3551 Seventh Street
Moline, IL 61265
qcrh.com