Note 2 - Recent Accounting Pronouncements (Tables)

3 Months Ended

Mar. 31, 2019

New Accounting Pronouncements And Changes In Accounting Principles [Abstract]

Summary of Quantitative Attributes of Operating and Finance Leases

The following table summarized the quantitative attributes of QNB’s operating and finance leases.

For the three months ended	March 31, 2019
Lease cost
Finance lease cost:
Amortization of right-of-use assets	$	96
Interest on lease liabilities		1
Finance lease cost		97
Operating lease cost		28
Total lease cost	$	125
Other information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	$	(1	)
Operating cashflows from operating leases		(27	)
Financing cash flows from finance liabilities		(106	)
Total cash paid for amounts included in the measurement of lease liabilities	$	(134	)
At implementation of new accounting guidance:
Right-of-use assets recorded for finance lease liabilities	$	1,700
Right-of-use assets recorded for operating lease liabilities		304
Right-of-use assets obtained in exchange for new finance lease liabilities	$	-
Right-of-use assets obtained in exchange for new operating lease liabilities		-
Weighted average remaining lease terms:
Finance leases	9.2 years
Operating leases	3.9 years
Weighted average discount rates:
Finance leases		3.30	%
Operating leases		2.93	%

Summary of Maturities Analysis of Operating and Finance Lease Liabilities and Reconciliation of Undiscounted Cash Flows to Total Operating or Finance Lease Liability

A maturity analysis of the operating and finance lease liabilities and reconciliation of the undiscounted cash flows to the total operating or finance lease liability is as follows:

	Operating Leases			Finance Leases
April 2019 thru March 2020	$	76		$	367
April 2020 thru March 2021	72			238
April 2021 thru March 2022	75			188
April 2022 thru March 2023	74			190
April 2023 thru March 2024	0			193
April 2024 and thereafter	0			1047
Total undiscounted cashflows	297			2223
Total discount on cashflows		(19	)		(345	)
Total lease liabilities	$	278		$	1,878