QNB Corp (QNBC) Financial Statements (2024 and earlier)

Company Profile

Business Address 15 NORTH THIRD STREET
QUAKERTOWN, PA 18951-9005
State of Incorp. PA
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments27,95525,80052,18026,77222,87916,331
Cash and cash equivalents15,89913,39039,33117,60813,45816,331
Short-term investments12,05612,41012,8499,1649,421 
Total current assets:27,95525,80052,18026,77222,87916,331
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization    2,005
Operating lease, right-of-use asset 43945  
Property, plant and equipment15,46316,54015,40415,6089,9188,495
Deferred income tax assets23,0772,44966 
Total noncurrent assets:38,58319,93415,47017,6139,9188,495
Other undisclosed assets1,601,9591,627,6061,372,5791,180,6381,142,6551,127,511
TOTAL ASSETS:1,668,4971,673,3401,440,2291,225,0231,175,4521,152,337
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt161,32768,47658,83855,93150,87255,756
Total current liabilities:161,32768,47658,83855,93150,87255,756
Noncurrent Liabilities
Liabilities, other than long-term debt 43     
Operating lease, liability 43   
Total noncurrent liabilities: 43     
Other undisclosed liabilities1,436,1691,468,3701,246,9461,048,3751,020,232998,011
Total liabilities:1,597,5391,536,8461,305,7841,104,3061,071,1041,053,767
Equity
Equity, attributable to parent70,958136,494134,445120,717104,34898,570
Common stock2,3732,3502,3282,3032,2802,258
Treasury stock, value(4,037)(3,962)(2,606)(2,476)(2,476)(2,476)
Additional paid in capital24,79823,68322,43021,26120,04118,691
Accumulated other comprehensive income (loss)(81,127)(3,740)5,649257(7,132)(4,086)
Retained earnings128,951118,163106,64499,37291,63584,183
Total equity:70,958136,494134,445120,717104,34898,570
TOTAL LIABILITIES AND EQUITY:1,668,4971,673,3401,440,2291,225,0231,175,4521,152,337

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues52,42747,36545,41746,61343,30540,127
Net investment income52,42146,77043,69346,41843,20038,057
Cost of revenue(71)(458)(1,250)(1,300)(1,130)(1,400)
Provision for loan, lease, and other losses  (458)(1,250)(1,300)(1,130)
Amortization of mortgage servicing rights (msrs)(71)     
Financial services costs(1,400)
Gross profit:52,35646,90744,16745,31342,17538,727
Operating expenses(3,065)(3,150)(3,040)(3,082)(2,799)(15,824)
Other operating income, net
(Noninterest Income, Other Operating Income)
609712514636618442
Operating income:49,90044,46941,64142,86739,99423,345
Nonoperating income
(Bank Owned Life Insurance Income)
361497294292291345
Interest and debt expense(7,924)(4,643)(6,445)(10,124)(8,185)(5,680)
Income from continuing operations before equity method investments, income taxes:42,33740,32335,49033,03532,10018,010
Other undisclosed loss from continuing operations before income taxes(22,751)(19,870)(20,845)(17,828)(19,208)(3,821)
Income from continuing operations before income taxes:19,58620,45314,64515,20712,89214,189
Income tax expense(3,665)(3,961)(2,562)(2,850)(1,557)(5,900)
Income from continuing operations:15,92116,49212,08312,35711,3358,289
Income before gain (loss) on sale of properties:16,49212,08312,35711,3358,289
Net income available to common stockholders, diluted:15,92116,49212,08312,35711,3358,289

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:15,92116,49212,08312,35711,3358,289
Other comprehensive income (loss)(77,387)(9,389)5,3927,389(2,495)(329)
Comprehensive income (loss), net of tax, attributable to parent:(61,466)7,10317,47519,7468,8407,960

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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