Note 18 - Parent Company Financial Information

12 Months Ended

Dec. 31, 2013

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Financial Information of Parent Company Only Disclosure [Text Block]

Note 18 – Parent Company Financial Information

Condensed financial statements of QNB Corp. only:

Balance Sheets
December 31,	2013		2012
Assets
Cash and cash equivalents	$	24	$	102
Investment securities available-for-sale		6,625		4,055
Investment in subsidiary		69,215		73,002
Other assets		15		464
Total assets	$	75,879	$	77,623
Liabilities
Other liabilities	$	254	$	-
Shareholders' equity	$	75,625	$	77,623
Total liabilities and shareholders' equity	$	75,879	$	77,623

Statements of Income
Year ended December 31,	2013		2012
Dividends from subsidiary	$	3,512	$	2,507
Interest, dividend and other income		99		113
Securities gains		629		451
Total income		4,240		3,071
Expenses		285		308
Income before applicable income taxes and equity in undistributed income of subsidiary		3,955		2,763
Provision for income taxes		151		86
Income before equity in undistributed income of subsidiary		3,804		2,677
Equity in undistributed income of subsidiary		4,588		6,498
Net income	$	8,392	$	9,175

Statements of Comprehensive Income
Year ended December 31,	2013									2012
	Before tax amount			Tax expense (benefit)			Net of tax amount			Before tax amount			Tax expense (benefit)			Net of tax amount
Net income	$	10,738		$	2,346		$	8,392		$	11,784		$	2,609		$	9,175
Other comprehensive income:
Net unrealized holding (losses) gains on securities:
Unrealized holding (losses) gains arising during the period		(11,098	)		(3,774	)		(7,324	)		261			89			172
Reclassification adjustment for gains included in net income		(824	)		(280	)		(544	)		(577	)		(196	)		(381	)
Other comprehensive (loss) income		(11,922	)		(4,054	)		(7,868	)		(316	)		(107	)		(209	)
Total comprehensive (loss) income	$	(1,184	)	$	(1,708	)	$	524		$	11,468		$	2,502		$	8,966

Statements of Cash Flows
Year ended December 31,	2013			2012
Operating Activities
Net income	$	8,392		$	9,175
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed income from subsidiary		(4,588	)		(6,498	)
Net securities gains		(629	)		(451	)
Stock-based compensation expense		71			76
Decrease (increase) in other assets		443			(84	)
Deferred income tax provision		-			153
Net cash provided by operating activities		3,689			2,371
Investing activities
Purchase of investment securities		(3,763	)		(2,132	)
Proceeds from sale of investment securities		2,589			2,092
Net cash used by investing activities		(1,174	)		(40	)
Financing activities
Cash dividend paid		(3,130	)		(2,997	)
Proceeds from issuance of common stock		535			718
Tax benefit from exercise of stock options		2			19
Net cash used by financing activities		(2,593	)		(2,260	)
(Decrease) increase in cash and cash equivalents		(78	)		71
Cash and cash equivalents at beginning of year		102			31
Cash and cash equivalents at end of year	$	24		$	102