What are Qcr Holdings Inc's Business Segments?
Selected financial and descriptive information is required to be disclosed for
reportable operating segments, applying a “management perspective”
as the basis for identifying reportable segments. The management perspective is
determined by the view that management takes of the segments within the Company
when making operating decisions, allocating resources, and measuring performance.
The segments of the Company have been defined by the structure of the Company’s
internal organization, focusing on the financial information that the Company’s
operating decision-makers routinely use to make decisions about operating matters.
The Company’s primary segment, Commercial Banking, is geographically divided
by markets into the secondary segments which are the three subsidiary banks wholly-owned
by the Company: QCBT, CRBT, and RB&T. CRBT includes CNB’s operations
from acquisition date (May 13, 2013) forward. Each of these secondary segments
offer similar products and services, but are managed separately due to different
pricing, product demand, and consumer markets. Each offers commercial, consumer,
and mortgage loans and deposit services.
The Company’s Wealth Management segment represents trust and asset management
and investment management and advisory services offered at the Company’s
three subsidiary banks in aggregate. This segment generates income primarily from
fees charged based on assets under administration for corporate and personal trusts,
custodial services, and investments managed. No assets of the subsidiary banks
have been allocated to the Wealth Management segment.
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