Note 2 - Recent Accounting Pronouncements (Tables)

9 Months Ended

Sep. 30, 2019

New Accounting Pronouncements And Changes In Accounting Principles [Abstract]

Summary of Quantitative Attributes of Operating Leases

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

For the nine months ended		September 30, 2019
Lease cost:
Operating lease cost		$	449
Total lease cost		$	449
Other information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cashflows from operating leases		$	(431	)
Total cash paid for amounts included in the measurement of lease liabilities		$	(431	)
At implementation of new accounting guidance:
Right-of-use assets recorded for operating lease liabilities		$	2,005
Right-of-use assets obtained in exchange for new operating lease liabilities		$	2,407
Weighted average remaining lease term:
Operating leases		14.0 years
Weighted average discount rate:
Operating leases	3.11				%

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

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

	Operating Leases
October 2019 thru September 2020	$	555
October 2020 thru September 2021		487
October 2021 thru September 2022		464
October 2022 thru September 2023		432
October 2023 thru September 2024		349
October 2024 and thereafter		3,320
Total undiscounted cashflows		5,607
Total discount on cashflows		(1,315	)
Total lease liabilities	$	4,292