QNB Corp (QNBC) Financial Statements (2025 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)

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments68,56727,95525,80052,18026,77222,879
Cash and cash equivalents62,65715,89913,39039,33117,60813,458
Short-term investments5,91012,05612,41012,8499,1649,421
Total current assets:68,56727,95525,80052,18026,77222,879
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization     2,005
Operating lease, right-of-use asset 36943945  
Property, plant and equipment14,95215,46316,54015,40415,6089,918
Deferred income tax assets19,29023,0772,44966 
Total noncurrent assets:34,61138,58319,93415,47017,6139,918
Other undisclosed assets1,603,1401,601,9591,627,6061,372,5791,180,6381,142,655
TOTAL ASSETS:1,706,3181,668,4971,673,3401,440,2291,225,0231,175,452
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt94,094161,32768,47658,83855,93150,872
Total current liabilities:94,094161,32768,47658,83855,93150,872
Noncurrent Liabilities
Liabilities, other than long-term debt 36943    
Operating lease, liability 36943   
Total noncurrent liabilities: 36943    
Other undisclosed liabilities1,521,0311,436,1691,468,3701,246,9461,048,3751,020,232
Total liabilities:1,615,4941,597,5391,536,8461,305,7841,104,3061,071,104
Equity
Equity, attributable to parent90,82470,958136,494134,445120,717104,348
Common stock2,4142,3732,3502,3282,3032,280
Treasury stock, value(4,037)(4,037)(3,962)(2,606)(2,476)(2,476)
Additional paid in capital26,43924,79823,68322,43021,26120,041
Accumulated other comprehensive income (loss)(67,937)(81,127)(3,740)5,649257(7,132)
Retained earnings133,945128,951118,163106,64499,37291,635
Total equity:90,82470,958136,494134,445120,717104,348
TOTAL LIABILITIES AND EQUITY:1,706,3181,668,4971,673,3401,440,2291,225,0231,175,452

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

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues69,09852,42747,36545,41746,61343,305
Net investment income69,08252,42146,77043,69346,41843,200
Cost of revenue(61)(71)(458)(1,250)(1,300)(1,130)
Provision for loan, lease, and other losses  (458)(1,250)(1,300)(1,130)
Amortization of mortgage servicing rights (msrs)(61)(71)    
Gross profit:69,03752,35646,90744,16745,31342,175
Operating expenses(3,187)(3,065)(3,150)(3,040)(3,082)(2,799)
Other operating income, net
(Noninterest Income, Other Operating Income)
686609712514636618
Operating income:66,53649,90044,46941,64142,86739,994
Nonoperating income
(Bank Owned Life Insurance Income)
320361497294292291
Interest and debt expense(28,927)(7,924)(4,643)(6,445)(10,124)(8,185)
Income from continuing operations before equity method investments, income taxes:37,92942,33740,32335,49033,03532,100
Other undisclosed loss from continuing operations before income taxes(26,202)(22,751)(19,870)(20,845)(17,828)(19,208)
Income from continuing operations before income taxes:11,72719,58620,45314,64515,20712,892
Income tax expense(2,244)(3,665)(3,961)(2,562)(2,850)(1,557)
Income from continuing operations:9,48315,92116,49212,08312,35711,335
Income before gain (loss) on sale of properties:16,49212,08312,35711,335
Net income available to common stockholders, diluted:9,48315,92116,49212,08312,35711,335

Comprehensive Income ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:9,48315,92116,49212,08312,35711,335
Other comprehensive income (loss)13,190(77,387)(9,389)5,3927,389(2,495)
Comprehensive income (loss), net of tax, attributable to parent:22,673(61,466)7,10317,47519,7468,840

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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