Quaint Oak Bancorp, Inc. (QNTO) Financial Statements (2023 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments10,70533,91314,55526,0127,9109,30017,206
Cash and cash equivalents10,70533,91314,55526,0127,9109,30017,206
Total current assets:10,70533,91314,55526,0127,9109,30017,206
Noncurrent Assets
Property, plant and equipment2,6532,3412,2262,0581,9881,7301,834
Intangible assets, net (including goodwill)2,795786834883931980 
Goodwill2,573515515515515515 
Intangible assets, net (excluding goodwill)222271319368416465 
Total noncurrent assets:5,4483,1273,0602,9412,9192,7101,834
Other undisclosed assets537,962447,035284,925242,451228,767204,153165,128
TOTAL ASSETS:554,115484,075302,540271,404239,596216,163184,168
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt7,1715,00010,0009,00010,0007,0006,000
Total current liabilities:7,1715,00010,0009,00010,0007,0006,000
Noncurrent Liabilities
Other undisclosed liabilities510,035450,347266,633238,568207,411188,373159,132
Total liabilities:517,206455,347276,633247,568217,411195,373165,132
Stockholders' equity
Stockholders' equity attributable to parent, including:34,78928,72825,90723,83622,18520,79019,036
Common stock28282828282828
Treasury stock, value(4,977)(5,114)(4,950)(4,824)(4,675)(4,611)(4,859)
Additional paid in capital15,68515,28214,99014,68314,48114,24014,013
Deferred compensation equity    (24)(47)(70)
Accumulated other comprehensive income (loss)2311820(2)(15)(38)(12)
Retained earnings24,03018,46515,93714,13612,64311,53810,323
Unearned esop shares  (118)(185)(253)(320)(387)
Other undisclosed stockholders' equity attributable to parent (51)     
Stockholders' equity attributable to noncontrolling interest2,120      
Total stockholders' equity:36,90928,72825,90723,83622,18520,79019,036
TOTAL LIABILITIES AND EQUITY:554,115484,075302,540271,404239,596216,163184,168

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues32,74721,13217,54012,12513,80111,63810,358
Gain on disposition of assets for financial service operations7,2434,3193,010 
Net investment income24,99516,32314,11112,12510,5889,1838,424
Financial services revenue3,2132,4551,934
Cost of revenue(2,234)(847)(316)(415)(284)(292)(320)
Provision for loan, lease, and other losses(2,201)(830)(303)(415)
Financial services costs(284)(292)(320)
Gross profit:30,51320,28517,22411,71013,51711,34610,038
Operating expenses(3,878)(2,588)(2,047)(1,629)(6,993)(5,662)(5,088)
Other operating income, net
(Noninterest Income, Other Operating Income)
    994744
Operating income:26,63517,69715,17710,0816,6235,7314,994
Nonoperating income (expense)10(117)  18(103)85
Losses on sales of other real estate(73)(197)  (68)(193)(4)
Bank owned life insurance income8380  869089
Interest and debt expense(4,375)(5,488)(5,426)(3,820)(3,002)(2,565)(2,091)
Other undisclosed loss from continuing operations before equity method investments, income taxes (7,555)(6,324)(3,590)(967)(829)(994)
Income from continuing operations before equity method investments, income taxes:22,2704,5373,4272,6712,6722,2341,994
Other undisclosed loss from continuing operations before income taxes(12,956)      
Income from continuing operations before income taxes:9,3144,5373,4272,6712,6722,2341,994
Income tax expense(2,492)(1,292)(950)(667)(1,205)(736)(723)
Net income:6,8223,2452,4772,0041,4671,4981,271
Net loss attributable to noncontrolling interest(418)      
Net income available to common stockholders, diluted:6,4043,2452,4772,0041,4671,4981,271

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:6,8223,2452,4772,0041,4671,4981,271
Other comprehensive loss(95)      
Comprehensive income:6,7273,2452,4772,0041,4671,4981,271
Comprehensive loss, net of tax, attributable to noncontrolling interest(418)      
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 98221325(26)24
Comprehensive income, net of tax, attributable to parent:6,3093,3432,4992,0171,4921,4721,295

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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