QCR Holdings, Inc. operates as a multi-bank holding company. The company provides full-service commercial and consumer banking and trust and asset management services. The company serves the Quad Cities, Cedar Rapids, Waterloo/Cedar Falls, and Rockford communities through three wholly-owned banking subsidiaries, such as Quad City Bank and Trust Company (QCBT); Cedar Rapids Bank and Trust Company (CRBT); and Rockford Bank and Trust Company (RB&T). Subsidiary Banks QCBT is an Iowa-chartered commercial bank that is a member of the Board of Governors of the Federal Reserve System (the Federal Reserve System) with depository accounts insured by the Federal Deposit Insurance Corporation (the FDIC) to the maximum amount permitted by law. 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 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 to the maximum amount permitted by law. CRBT provides full-service commercial and consumer banking, and trust and asset management services to Cedar Rapids and Waterloo/Cedar Falls, Iowa and adjacent communities through its five 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 to the maximum amount permitted by law. RB&T provides full-service commercial and consumer banking, and trust and asset management services to Rockford and adjacent communities through its headquarters located on Guilford Road at Alpine Road in Rockford and its branch facility located in downtown Rockford. Other Operating Subsidiaries The company engages in direct financing lease contracts, through m2 Lease Funds, LLC (m2), a wholly-owned subsidiary of QCBT. m2 engages in the business of leasing machinery and equipment to commercial and industrial businesses under direct financing lease contracts. Other Ownership Interests The company invests limited amounts of its capital in financial institutions and mutual funds. In addition to its wholly-owned subsidiaries, the company owns a 20% equity position in Nobel Real Estate Investors, LLC. In 2014, QCBT entered into a joint venture as a 20% owner of Ruhl Mortgage, to provide residential real estate mortgage lending services and products to QCBT clients. Lending/Leasing The company and its subsidiaries provide a range of commercial and retail lending/leasing and investment services to corporations, partnerships, individuals, and government agencies. 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 subsidiary banks provide 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 subsidiary banks have been active in participating in lending programs offered by the Small Business Administration and the United States Department of Agriculture. Commercial Real Estate Lending: The subsidiary banks also make 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 might 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. Various private and public sector business assets are acceptable to consider for lease funding, such as 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 subsidiary banks’ 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. Installment and Other Consumer Lending: The consumer lending department of each subsidiary bank provides various types of consumer loans, including home improvement, home equity, motor vehicle, signature loans, and small personal credit lines. Investment Portfolio As of December 31, 2014, the company’s investment portfolio included U.S. government sponsored agency securities; municipal securities; residential mortgage-backed and related securities; and other securities. Deposits As of December 31, 2014, the company’s deposit products included noninterest bearing demand deposits, interest bearing demand deposits, time deposits, and brokered time deposits. Regulations 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 and RB&T is regulated by the State of Illinois Department of Financial and Professional Regulation. The FDIC, as administrator of the Deposit Insurance Fund, also has regulatory authority on the subsidiary banks. History QCR Holdings, Inc. was founded in 1993. The company was incorporated in 1993 under the laws of the state of Delaware.
qcr holdings inc (QCRH:NASDAQ GM)
3551 7th Street
Moline, IL 61265
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