Note 10 - Long-term Debt

12 Months Ended

Dec. 31, 2016

Disclosure Text Block [Abstract]

Long-term Debt

Note 10 - Long-Term Debt

FHLB advances are collateralized by certain mortgage loans and also require the purchase of FHLB capital stock, which is included within restricted investment in bank stock on the consolidated balance sheets. QNB’s FHLB stock is $1,005,000 and $496,000 at December 31, 2016 and 2015, respectively.

QNB has a maximum borrowing capacity with the FHLB of approximately $248,199,000. At December 31, 2016 QNB had $7,321,000 in borrowings outstanding with the FHLB reported in Note 9 as other short-term borrowings. QNB had no borrowings outstanding with the FHLB at December 31, 2015.