Note 6 - Premises and Equipment (Tables)

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

Premises and Equipment

Premises and equipment, stated at cost less accumulated depreciation and amortization, are summarized below:

December 31,	2024			2023
Land and buildings	$	18,333		$	16,102
Furniture and equipment		15,429			14,470
Leasehold improvements		3,637			3,632
Right-of-use asset		2,618			2,722
Book value		40,017			36,926
Accumulated depreciation and amortization		(22,762	)		(21,974	)
Net book value	$	17,255		$	14,952

Summary of Quantitative Attributes of Operating Leases

The following table summarized the quantitative attributes of QNB’s operating leases:

Year ended December 31,	2024			2023
Lease cost
Operating lease cost	$	631		$	618
Total lease cost		631			618
Other information
Cash paid for amounts included in the measurement of lease liabilities:
Cashflows from operating leases	$	633		$	626
Right-of-use assets obtained in exchange for new operating lease liabilities	$	457		$	369
Weighted average remaining lease terms:
Operating leases	12.1 years			13.1 years
Weighted average discount rates:
Operating leases		3.09	%		2.90	%