EXHIBIT 99.1

QCR Holdings, Inc. Announces Net Income of $2.7 Million for Second Quarter of 2011

MOLINE, Ill., July 25, 2011 (GLOBE NEWSWIRE) -- QCR Holdings, Inc. (Nasdaq:QCRH) today announced net income attributable to QCR Holdings, Inc. ("net income") of $2.7 million for the quarter ended June 30, 2011, or diluted earnings per common share of $0.34 after preferred stock dividends of $1.0 million. By comparison, for the quarter ended March 31, 2011, the Company reported net income of $2.1 million, or diluted earnings per common share of $0.23 after preferred stock dividends of $1.0 million. For the second quarter of 2010, the Company reported net income of $1.7 million, or diluted earnings per common share of $0.15 after preferred stock dividends of $1.0 million. For the six months ended June 30, 2011, the Company reported net income of $4.8 million, or diluted earnings per common share of $0.57 after preferred stock dividends of $2.0 million. This is an increase of $1.8 million, or 58%, over the same period of 2010.

Record Earnings for Consecutive Quarters

"We are pleased with our positive trend in earnings," stated Douglas M. Hultquist, President and Chief Executive Officer. "For continuing operations, we reported record earnings for the current quarter which marked consecutive quarters of record earnings. We grew earnings 26% over the prior quarter, and 54% over the second quarter of 2010."

The Company's net interest income for the current quarter totaled $14.0 million, which is an increase of 14% over the prior quarter, and an increase of 11% over the second quarter of 2010. The Company reported net interest margin for the current quarter of 3.21% which compares favorably to a margin of 2.78% for the first quarter of 2011, and to a margin of 2.90% for the second quarter of 2010. For the six months ended June 30, 2011, the Company's net interest income was $26.2 million, which is an increase of $808 thousand, or 3%, over the same period of 2010.

Mr. Hultquist added, "We are pleased with the growth in net interest income and the improvement in margin during the current quarter. Near the end of the first quarter and throughout the second quarter, we invested some of our excess liquidity into our securities portfolio. Specifically, our securities portfolio grew $89.1 million, or 21%, during the first half of 2011. In addition, we experienced increased loan/lease demand during the second quarter as our loan/lease portfolio grew $28.1 million, or 2%, from the end of the first quarter. This shift in mix of earning assets contributed to the first quarter-over-quarter increase in interest income and yield on earning assets since the third quarter of 2009. On the funding side, we continue to achieve success in shifting the mix of our funding sources from wholesale borrowings to core deposits which has led to strong declines in our overall cost of funds. Specifically, our cost of funds fell to 1.66% for the current quarter from 1.79% for the first quarter of 2011, and from 2.09% for the second quarter of 2010. The full impact of the balance sheet restructuring executed by Quad City Bank & Trust in the first quarter is a major contributor to the quarter-over-quarter decline in our cost of funds."

Continued Improvement in Nonperforming Assets

Nonperforming assets at June 30, 2011 were $37.9 million, down $6.4 million, or 14%, from $44.2 million at March 31, 2011, and down $12.2 million, or 24%, from December 31, 2010. Nonperforming assets at the end of the quarter declined to 2.02% of total assets from 2.36% of total assets at March 31, 2011, and 2.73% of total assets at December 31, 2010. The large majority of the Company's nonperforming assets consist of nonaccrual loans/leases and other real estate owned. A combination of improved performance ($8.6 million) and charge-offs ($3.6 million) contributed to the decrease during the first half of 2011.

Provision for loan/lease losses totaled $1.7 million for the second quarter of 2011, an increase of $604 thousand over the prior quarter, and an increase of $296 thousand from the second quarter of 2010. The increase was primarily the result of additional specific reserves on existing nonperforming loans as well as the net growth of gross loans/leases in the current quarter. With net charge-offs totaling $2.6 million partially offset by provision for loan/lease losses of $1.7 million, the Company's allowance for loan/lease losses to total loans/leases declined to 1.67% at June 30, 2011 from 1.79% at March 31, 2011, and from 1.74% at December 31, 2010. Further, the Company's nonperforming loans/leases declined $8.4 million, or 24%, during the current quarter. This decline outpaced the decrease in the allowance for loan/lease losses and strengthened the Company's allowance to nonperforming loans/leases from 58% at March 31, 2011 to 73% at June 30, 2011.

"We are pleased with the continued improvement in the level of our nonperforming assets," stated Mr. Hultquist. "Our nonperforming assets have declined $21.5 million, or 36%, from its peak of $59.4 million at September 30, 2010. This trend is significant and is the direct result of the tireless efforts of our talented bankers. Although we are proud of this positive trend, we remain committed to continued improvement in the quality of our loan/lease portfolio and all assets."

Loans/Leases Grew 2% in Second Quarter of 2011

During the second quarter of 2011, the Company's total assets increased slightly. During the quarter, the Company grew loans/leases by $28.1 million, or 2%, and the Company continued to grow its securities portfolio with an increase of $22.3 million, or 5%. This growth was effectively offset by a decline in the Company's federal funds sold position as the Company invested some of its excess liquidity. During the second quarter, the Company continued to shift its funding mix from borrowings to core deposits as the Company's borrowings declined $20.7 million, or 4%, which was effectively offset by continued core deposit growth.

"We've remained persistent in our focus on originating quality loans and leases and continuing to meet the needs of our communities," stated Todd A. Gipple, Executive Vice President, Chief Operating Officer, and Chief Financial Officer. "We originated $217.2 million of new loans/leases to new and existing customers during the first half of the year, including $129.6 million for the current quarter. This is a significant increase over recent quarters. Moreover, for the first time since the fourth quarter of 2009, we experienced increased loan/lease demand at levels that outpaced payments and maturities and led to a net increase in our loan/lease portfolio."

Noninterest-Bearing Deposits Grew 37% over Past Year

Mr. Gipple added, "We are very pleased with the continued shift in the mix of our deposit portfolio. We continue to grow our noninterest-bearing deposits with most of this growth in correspondent banking at our largest subsidiary bank, Quad City Bank & Trust. Specifically, our noninterest-bearing deposits have grown $80.7 million, or 37%, since June 30, 2010. This trend continued during the second quarter of 2011 with an increase of $16.0 million, or 6%, over the first quarter of 2011. Overall, we continue to focus on growing core deposits and reducing our reliance on brokered and other time deposits."

Mr. Gipple continued, "Over the years, we've been very successful in growing and strengthening our overall liquidity position through the growth of existing funding sources and the addition of new funding sources. We have been pleased with the progress and we have placed significant emphasis on maintaining our strong liquidity position. Recently, we invested a large portion of our excess on-balance sheet liquidity and diversified our securities portfolio in an effort to improve our net interest income. As a result of the pledgability of the investments, we were successful in achieving diversification and improved margins without impacting our net liquidity position. We will continue to seek opportunities to increase our net interest income while balancing interest rate, liquidity, and credit risk."

Capital Levels Remain Very Strong

As of June 30, 2011, the Company and subsidiary banks continued to maintain capital at levels well above the minimum requirements administered by the federal regulatory agencies. "Although we continue to focus on maintaining our strong total capital position," stated Mr. Gipple, "we do understand the importance of the mix of capital. As a result, we remain committed to our long-term capital plan of increasing our tangible common equity, redeeming the $38.2 million in Treasury preferred equity, and converting the Series E Preferred Stock to common equity. Over the next few years, we intend to focus on improving and retaining our earnings to provide the excess capital needed to redeem the Treasury preferred equity without the need for a dilutive common equity raise. The first half of 2011 is a great start to achieving full execution on this plan."

Financial highlights for the Company's primary subsidiaries were as follows:

• Quad City Bank & Trust, the Company's first subsidiary bank which opened in 1994, had total consolidated assets of $1.03 billion at June 30, 2011, which was a slight increase from December 31, 2010. Although the bank's loans/leases were flat over the first half of the year, loan/lease demand increased during the current quarter as the bank's loans/leases grew $5.0 million, or 1%. During the first half of the year, the bank's securities portfolio grew $56.0 million, or 20%, to $325.4 million as the bank invested excess liquidity and decreased its federal funds sold position. The bank continues to expand its deposit portfolio as total deposits grew $47.0 million, or 8%, during the first half of 2011. Specifically, the bank continues to have success growing its correspondent banking business as non-interest bearing correspondent deposits grew $49.7 million, or 62%, to $130.5 million at June 30, 2011. Offsetting the deposit growth, the bank reduced its overall borrowings position. Most notably, the bank prepaid $15.0 million of FHLB advances, and allowed another $12.5 million of FHLB advances to mature without replacement. The bank realized net income of $4.3 million for the six months ended June 30, 2011. By comparison, the bank realized net income of $3.1 million for the same period of 2010.
   
• Included in the discussion above and consolidated with Quad City Bank & Trust, m2 Lease Funds, LLC, the Company's leasing subsidiary, grew leases $2.9 million, or 3%, over the first half of 2011. Further, m2 realized pre-tax net income of $774 thousand for the six months ended June 30, 2011. By comparison, m2 recognized a pre-tax net loss of $156 thousand for the same period of 2010.
   
• Cedar Rapids Bank & Trust, which opened in 2001, had total assets of $573.5 million at June 30, 2011, which was an increase of $26.7 million, or 5%, from December 31, 2010. Over the first half of 2011, loans declined $6.7 million, or 2%; however, during the second quarter, the bank started to reverse this trend and grew loans $8.8 million, or 3%. The bank grew its securities portfolio $42.1 million, or 38%, as it invested some of its excess liquidity. The net growth was funded by deposits as total deposits grew $48.3 million, or 15%. Partially offsetting the deposit growth, the bank's borrowing position declined $24.0 million, or 14%. The bank realized net income of $2.6 million for the six months ended June 30, 2011, which is a significant increase over the $1.7 million of net income for the same period of 2010.
   
• Rockford Bank & Trust, which opened in 2005, had total assets of $280.1 million at June 30, 2011, which was an increase of $8.8 million, or 3%, from December 31, 2010. During the first half of 2011, the bank grew loans $18.2 million, or 9%. The bank used cashflow from called and matured securities to partially fund this loan growth. Specifically, the bank's securities portfolio declined $9.0 million, or 21%. The remainder was funded by deposit growth of $8.0 million, or 4%. The bank realized net income of $323 thousand for the six months ended June 30, 2011. By comparison, the bank reported net income of $566 thousand for the same period of 2010.

QCR Holdings, Inc., headquartered in Moline, Illinois, is a relationship-driven, multi-bank holding company, which serves the Quad City, Cedar Rapids, and Rockford communities through its wholly owned subsidiary banks. Quad City Bank and Trust Company, which is based in Bettendorf, Iowa, and commenced operations in 1994, Cedar Rapids Bank and Trust Company, which is based in Cedar Rapids, Iowa, and commenced operations in 2001, and Rockford Bank and Trust Company, which is based in Rockford, Illinois, and commenced operations in 2005, provide full-service commercial and consumer banking and trust and asset management services. Quad City Bank and Trust Company also engages in commercial leasing through its 80% owned subsidiary, m2 Lease Funds, LLC, based in Milwaukee, Wisconsin.

Special Note Concerning Forward-Looking Statements. This document contains, and future oral and written statements of the Company and its management may contain, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the financial condition, results of operations, plans, objectives, future performance and business of the Company. Forward-looking statements, which may be based upon beliefs, expectations and assumptions of the Company's management and on information currently available to management, are generally identifiable by the use of words such as "believe," "expect," "anticipate," "predict," "suggest," "appear," "plan," "intend," "estimate," "annualize," "may," "will," "would," "could," "should" or other similar expressions. Additionally, all statements in this document, including forward-looking statements, speak only as of the date they are made, and the Company undertakes no obligation to update any statement in light of new information or future events.           

A number of factors, many of which are beyond the ability of the Company to control or predict, could cause actual results to differ materially from those in its forward-looking statements. These factors include, among others, the following: (i) the strength of the local and national economy; (ii) the economic impact of any future terrorist threats and attacks, and the response of the United States to any such threats and attacks; (iii) changes in state and federal laws, regulations and governmental policies concerning the Company's general business, including the recently enacted Dodd-Frank Wall Street Reform and Consumer Protection Act and the regulations to be issued thereunder; (iv) changes in interest rates and prepayment rates of the Company's assets; (v) increased competition in the financial services sector and the inability to attract new customers; (vi) changes in technology and the ability to develop and maintain secure and reliable electronic systems; (vii) the loss of key executives or employees; (viii) changes in consumer spending; (ix) unexpected outcomes of existing or new litigation involving the Company; and (x) changes in accounting policies and practices. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. Additional information concerning the Company and its business, including additional factors that could materially affect the Company's financial results, is included in the Company's filings with the Securities and Exchange Commission.

CONTACT: Todd A. Gipple
         Executive Vice President
         Chief Operating Officer
         Chief Financial Officer
         (309) 743-7745