QCR Holdings, Inc. operates as a multi-bank holding company in the United States. The company serves the Quad Cities, Cedar Rapids, and Rockford communities through the following three wholly-owned banking subsidiaries, which provide full-service commercial and consumer banking and trust and asset management services: Quad City Bank and Trust Company (QCBT), which is based in Bettendorf, Iowa; Cedar Rapids Bank and Trust Company (CRBT), which is based in Cedar Rapids, Iowa; and Rockford Bank and Trust Company (RB&T), which is based in Rockford, Illinois. Subsidiary Banks QCBT is an Iowa-chartered commercial bank that is a member of the Federal Reserve System with depository accounts insured by the Federal Deposit Insurance Corporation (the FDIC). QCBT provides full service commercial and consumer banking and trust and asset management services in the Quad Cities and adjacent communities through its five offices that are located in Bettendorf and Davenport, Iowa and in Moline, Illinois. CRBT is an Iowa-chartered commercial bank that is a member of the Federal Reserve System with depository accounts insured by the FDIC. CRBT provides full-service commercial and consumer banking and trust and asset management services to Cedar Rapids, Iowa and adjacent communities through its two facilities. RB&T is an Illinois-chartered commercial bank that is a member of the Federal Reserve System with depository accounts insured by the FDIC. RB&T provides full-service commercial and consumer banking and trust and asset management services to Rockford and adjacent communities through its original office located in downtown Rockford and its branch facility located on Guilford Road at Alpine Road in Rockford. The company also engages in direct financing lease contracts through m2 Lease Funds, LLC (m2), a wholly-owned subsidiary of QCBT based in Brookfield, Wisconsin. Lending/Leasing The company and its subsidiaries provide a range of commercial and retail lending and investment services to corporations, partnerships, individuals, and government agencies. The subsidiary banks actively market their services to qualified lending and deposit clients. Commercial and Industrial Lending The subsidiary banks are active commercial and industrial lenders. The areas of emphasis include loans to small and mid-sized businesses with a range of operations, such as wholesalers, manufacturers, building contractors, business services companies, other banks, and retailers. The company provides a range of business loans, including lines of credit for working capital and operational purposes, and term loans for the acquisition of facilities, equipment and other purposes. The company is also active in participating in lending programs offered by the Small Business Administration (SBA) and the United States Department of Agriculture (USDA). Commercial Real Estate Lending The company also makes commercial real estate loans. Commercial real estate loans are subject to underwriting standards and processes similar to commercial and industrial loans, in addition to those standards and processes specific to real estate loans. Collateral for these loans includes the underlying real estate and improvements, and include additional assets of the borrower. The lending policy specifies maximum loan-to-value limits based on the category of commercial real estate (commercial real estate loans on improved property, raw land, land development, and commercial construction). Direct Financing Leasing m2 leases machinery and equipment to commercial and industrial customers under direct financing leases. The following private and public sector business assets are acceptable to consider for lease funding: computer systems, photocopy systems, fire trucks, specialized road maintenance equipment, medical equipment, commercial business furnishings, vehicles classified as heavy equipment, aircraft, equipment classified as plant or office equipment, and marine boat lifts. Residential Real Estate Lending The company’s residential real estate loans conform to the underwriting requirements of Freddie Mac and Fannie Mae to allow the subsidiary banks to resell loans in the secondary market. During 2012, the subsidiary banks originated and held a limited amount of 15-year fixed rate residential real estate loans that met certain credit guidelines. Installment and Other Consumer Lending The company provides various types of consumer loans, including motor vehicle, home improvement, home equity, signature loans and small personal credit lines. Investment Securities As of December 31, 2012, the company’s investment securities portfolio included U.S. government sponsored agency securities, and municipal securities. Deposits As of December 31, 2012, the company’s deposit products included noninterest bearing demand deposits, interest bearing demand deposits, time deposits, and brokered time deposits. Regulations The Board of Governors of the Federal Reserve System is the primary federal regulator of the company and its subsidiaries. In addition, QCBT and CRBT are regulated by the Iowa Superintendent of Banking (Iowa Superintendent) and RB&T is regulated by the State of Illinois Department of Financial and Professional Regulation (DFPR). The FDIC, as administrator of the Deposit Insurance Fund, has regulatory authority over the subsidiary banks. History QCR Holdings, Inc. was founded in 1993.
qcr holdings inc (QCRH:NASDAQ GM)
3551 Seventh Street
Moline, IL 61265
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