Note 18 - Derivatives and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional Amounts of Derivative Instruments

The following table presents the notional amounts of derivatives designated as fair value hedging instruments at December 31, 2023. QNB pledges cash or securities to cover the negative fair value of derivatives instruments. Cash collateral associated with the derivative instruments are not added to or netted against the fair value amounts. QNB did not have any derivatives designated as fair value hedging instruments at December 31, 2022.

	At December 31, 2023
	Interest Rate Swaps-Fair Value Hedges
Balance Sheet Classification	Notional Amount		Amortized Cost of Hedged Portfolio		Cumulative Amount of Fair Value Hedging Adjustment Included in Carrying Amount of Hedged Asset
Investment Securities Available-for-sale:
State and municipal securities	$	75,000	$	97,373	$	(445	)
U.S. Government agencies and GSE mortgage backed securities		225,000		343,453		(1,304	)
Total	$	300,000	$	440,826	$	(1,749	)

Schedule of Derivative Designated as Fair Value Hedging Instruments of Statements on Income

The following table presents amounts of included in the Consolidated Statements on Income for derivatives designated as fair value hedging instruments for the year ended December 31, 2023.

For the year ended	December 31,
Income Sheet Classification	2023
Interest and dividends on available-for-sale and equity securities:
State and municipal securities
Recognized on fair value hedge	$	2,180
Recognized on hedge portfolio		(1,470	)
Recognized on remeasurement of fair value hedge		16
U.S. Government agencies and GSE mortgage backed securities
Recognized on fair value hedge		6,517
Recognized on hedge portfolio		(4,483	)
Recognized on remeasurement of fair value hedge		41
Total	$	2,801

Schedule of Derivative Designated as Fair Value Hedging Instruments of Accumulated Other Comprehensive (Loss) Income

The following table presents amounts included in accumulated other comprehensive (loss) income for derivatives designated as fair value hedging instruments at December 31, 2023.

Balance Sheet Classification	At December 31, 2023
Accumulated other comprehensive loss, net of tax	$	(1,382	)
Total	$	(1,382	)