Quaint Oak Bancorp, Inc. (QNTO) Financial Statements (2024 and earlier)

Company Profile

Business Address 501 KNOWLES AVENUE
SOUTHAMPTON, PA 18966
State of Incorp. PA
Fiscal Year End December 31
Industry (SIC) 6036 - Savings Institutions, Not Federally Chartered (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2024
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 investments62,1273,89310,70533,91314,55526,012
Cash and cash equivalents62,1273,89310,70533,91314,55526,012
Total current assets:62,1273,89310,70533,91314,55526,012
Noncurrent Assets
Property, plant and equipment2,9332,7752,6532,3412,2262,058
Intangible assets, net (including goodwill)2,6982,7472,795786834883
Goodwill2,5732,5732,573515515515
Intangible assets, net (excluding goodwill)125174222271319368
Total noncurrent assets:5,6315,5225,4483,1273,0602,941
Other undisclosed assets686,360782,935537,962447,035284,925242,451
TOTAL ASSETS:754,118792,350554,115484,075302,540271,404
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt5,5495,4897,1715,00010,0009,000
Total current liabilities:5,5495,4897,1715,00010,0009,000
Noncurrent Liabilities
Other undisclosed liabilities697,004737,779510,035450,347266,633238,568
Total liabilities:702,553743,268517,206455,347276,633247,568
Equity
Equity, attributable to parent, including:48,49144,79334,78928,72825,90723,836
Common stock292828282828
Treasury stock, value(3,568)(3,992)(4,977)(5,114)(4,950)(4,824)
Additional paid in capital20,29917,90615,68515,28214,99014,683
Accumulated other comprehensive income (loss)(10)(24)2311820(2)
Retained earnings31,74130,87524,03018,46515,93714,136
Unearned esop shares     (118)(185)
Other undisclosed equity, attributable to parent    (51)  
Equity, attributable to noncontrolling interest 3,0744,2892,120   
Total equity:51,56549,08236,90928,72825,90723,836
TOTAL LIABILITIES AND EQUITY:754,118792,350554,115484,075302,540271,404

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues51,82945,55932,74721,13217,54012,125
Gain on disposition of assets for financial service operations6,69612,5007,2434,3193,010 
Net investment income44,47032,46624,99516,32314,11112,125
Cost of revenue(219)(2,533)(2,234)(847)(316)(415)
Provision for loan, lease, and other losses(157)(2,475)(2,201)(830)(303)(415)
Amortization of mortgage servicing rights (msrs) (62)(58)(33)(17)(13) 
Gross profit:51,61043,02630,51320,28517,22411,710
Operating expenses(5,813)(4,321)(3,878)(2,588)(2,047)(1,629)
Other undisclosed operating income      
Operating income:45,79738,70526,63517,69715,17710,081
Nonoperating income (expense)1028910(117)  
Losses on sales of other real estate   (73)(197)  
Bank owned life insurance income102898380  
Interest and debt expense(26,307)(8,777)(4,375)(5,488)(5,426)(3,820)
Other undisclosed loss from continuing operations before equity method investments, income taxes    (7,555)(6,324)(3,590)
Income from continuing operations before equity method investments, income taxes:19,59230,01722,2704,5373,4272,671
Other undisclosed loss from continuing operations before income taxes(16,694)(16,652)(12,956)   
Income from continuing operations before income taxes:2,89813,3659,3144,5373,4272,671
Income tax expense(1,228)(3,054)(2,492)(1,292)(950)(667)
Income from continuing operations:1,67010,3116,8223,2452,4772,004
Income before gain (loss) on sale of properties:6,8223,2452,4772,004
Loss from discontinued operations      
Net income:1,67010,3116,8223,2452,4772,004
Net income (loss) attributable to noncontrolling interest350(2,448)(418)   
Net income available to common stockholders, diluted:2,0207,8636,4043,2452,4772,004

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:1,67010,3116,8223,2452,4772,004
Other comprehensive income (loss)14(47)(95)   
Other undisclosed comprehensive income      
Comprehensive income:1,68410,2646,7273,2452,4772,004
Comprehensive income (loss), net of tax, attributable to noncontrolling interest350(2,448)(418)   
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   982213
Comprehensive income, net of tax, attributable to parent:2,0347,8166,3093,3432,4992,017

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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