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)

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 investments3,89310,70533,91314,55526,0127,910
Cash and cash equivalents3,89310,70533,91314,55526,0127,910
Total current assets:3,89310,70533,91314,55526,0127,910
Noncurrent Assets
Property, plant and equipment2,7752,6532,3412,2262,0581,988
Intangible assets, net (including goodwill)2,7472,795786834883931
Goodwill2,5732,573515515515515
Intangible assets, net (excluding goodwill)174222271319368416
Total noncurrent assets:5,5225,4483,1273,0602,9412,919
Other undisclosed assets782,935537,962447,035284,925242,451228,767
TOTAL ASSETS:792,350554,115484,075302,540271,404239,596
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt5,4897,1715,00010,0009,00010,000
Total current liabilities:5,4897,1715,00010,0009,00010,000
Noncurrent Liabilities
Long-term debt and lease obligation      
Long-term debt, excluding current maturities      
Total noncurrent liabilities:      
Other undisclosed liabilities737,779510,035450,347266,633238,568207,411
Total liabilities:743,268517,206455,347276,633247,568217,411
Equity
Equity, attributable to parent, including:44,79334,78928,72825,90723,83622,185
Common stock282828282828
Treasury stock, value(3,992)(4,977)(5,114)(4,950)(4,824)(4,675)
Additional paid in capital17,90615,68515,28214,99014,68314,481
Deferred compensation equity      (24)
Accumulated other comprehensive income (loss)(24)2311820(2)(15)
Retained earnings30,87524,03018,46515,93714,13612,643
Unearned esop shares    (118)(185)(253)
Other undisclosed equity, attributable to parent   (51)   
Equity, attributable to noncontrolling interest4,2892,120    
Total equity:49,08236,90928,72825,90723,83622,185
TOTAL LIABILITIES AND EQUITY:792,350554,115484,075302,540271,404239,596

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
Revenues45,55932,74721,13217,54012,12513,801
Gain on disposition of assets for financial service operations12,5007,2434,3193,010 
Net investment income32,46624,99516,32314,11112,12510,588
Financial services revenue3,213
Cost of revenue(2,533)(2,234)(847)(316)(415)(284)
Provision for loan, lease, and other losses(2,475)(2,201)(830)(303)(415)
Financial services costs(284)
Gross profit:43,02630,51320,28517,22411,71013,517
Operating expenses(4,321)(3,878)(2,588)(2,047)(1,629)(6,993)
Other operating income, net
(Noninterest Income, Other Operating Income)
      99
Other undisclosed operating loss      
Operating income:38,70526,63517,69715,17710,0816,623
Nonoperating income (expense)8910(117)  18
Losses on sales of other real estate  (73)(197)  (68)
Bank owned life insurance income898380  86
Interest and debt expense(8,777)(4,375)(5,488)(5,426)(3,820)(3,002)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (7,555)(6,324)(3,590)(967)
Income from continuing operations before equity method investments, income taxes:30,01722,2704,5373,4272,6712,672
Other undisclosed loss from continuing operations before income taxes(16,652)(12,956)    
Income from continuing operations before income taxes:13,3659,3144,5373,4272,6712,672
Income tax expense(3,054)(2,492)(1,292)(950)(667)(1,205)
Income from continuing operations:10,3116,8223,2452,4772,0041,467
Income before gain (loss) on sale of properties:6,8223,2452,4772,0041,467
Net income:10,3116,8223,2452,4772,0041,467
Net income (loss) attributable to noncontrolling interest(2,448)(418)    
Net income available to common stockholders, diluted:7,8636,4043,2452,4772,0041,467

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:10,3116,8223,2452,4772,0041,467
Other comprehensive income (loss)(47)(95)    
Comprehensive income:10,2646,7273,2452,4772,0041,467
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2,448)(418)    
Other undisclosed comprehensive income, net of tax, attributable to parent   98221325
Comprehensive income, net of tax, attributable to parent:7,8166,3093,3432,4992,0171,492

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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