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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Assets    
Due from banks, non-interest-bearing $ 427 $ 854
Due from banks, interest-bearing 43,587 9,851
Cash and cash equivalents 44,014 10,705
Investment in interest-earning time deposits 6,961 7,924
Investment securities available for sale 3,774 4,033
Loans held for sale 56,867 107,823
Loans receivable, net of allowance for loan losses (2022 $5,941; 2021 $5,262) 437,307 403,966
Accrued interest receivable 2,776 3,139
Investment in Federal Home Loan Bank stock, at cost 3,098 2,178
Bank-owned life insurance 4,158 4,137
Premises and equipment, net 2,703 2,653
Goodwill 2,573 2,573
Other intangible, net of accumulated amortization 210 222
Prepaid expenses and other assets 3,694 4,762
Total Assets 568,135 554,115
Liabilities    
Non-interest bearing 76,309 64,731
Interest-bearing 382,326 382,435
Total deposits 458,635 447,166
Federal Home Loan Bank short-term borrowings 23,000 26,000
Federal Home Loan Bank long-term borrowings 23,193 23,193
Federal Reserve Bank long-term borrowings 3,349 3,895
Subordinated debt 7,941 7,933
Other short-term borrowings 916 0
Accrued interest payable 298 174
Advances from borrowers for taxes and insurance 2,497 2,856
Accrued expenses and other liabilities 8,342 5,989
Total Liabilities 528,171 517,206
Stockholders’ Equity    
Preferred stock – $0.01 par value, 1,000,000 shares authorized; none issued or outstanding 0 0
Common stock – $0.01 par value; 9,000,000 shares authorized; 2,777,250 issued; 2,016,517 and 2,011,313 outstanding at March 31, 2022 and December 31, 2021, respectively 28 28
Additional paid-in capital 15,813 15,685
Treasury stock, at cost: 760,733 and 765,937 shares at March 31, 2022 and December 31, 2021, respectively (4,955) (4,977)
Accumulated other comprehensive income 2 23
Retained earnings 26,057 24,030
Total Quaint Oak Bancorp, Inc. Stockholders' Equity 36,945 34,789
Noncontrolling Interest 3,019 2,120
Total Stockholders' Equity 39,964 36,909
Total Liabilities and Stockholders’ Equity $ 568,135 $ 554,115