Note 6 - Premises and Equipment

12 Months Ended

Dec. 31, 2019

Property Plant And Equipment [Abstract]

Premises and Equipment

Note 6 - Premises and Equipment

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

December 31,	2019			2018
Land and buildings	$	12,260		$	12,258
Furniture and equipment		15,699			14,618
Leasehold improvements		4,252			2,816
Right-of-use asset		3,821			—
Book value		36,032			29,692
Accumulated depreciation and amortization		(20,424	)		(19,774	)
Net book value	$	15,608		$	9,918

Depreciation and amortization expense on premises and equipment amounted to $1,211,000, $990,000, and $821,000 for the years ended December 31, 2019, 2018 and 2017, respectively.

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

Year ended December 31,			2019
Lease cost
	Operating lease cost		$	617
		Total lease cost	$	617
Other information
	Cash paid for amounts included in the measurement of lease liabilities:
		Operating cashflows from operating leases	$	583
	At implementatoin of new accounting guidance:
		Right-of-use assets recorded for finance lease liabilities	$	2,005
	Right-of-use assets obtained in exchange for new operating lease liabilities		$	2,407
	Weighted average remaining lease terms:
		Operating leases	15.6 years
	Weighted average discount rates:
		Operating leases		3.11	%