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Note 10 - Long-Term Debt
12 Months Ended
Dec. 31, 2019
Debt Disclosure [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 $1,061,000 and $785,000 at December 31, 2019 and 2018, respectively.

QNB has a maximum borrowing capacity with the FHLB of approximately $335,313,000. At December 31, 2019 QNB had $11,817,000 in borrowings outstanding with the FHLB reported in Note 9 as other short-term borrowings and a letter of credit issued of $350,000. QNB had $3,865,000 in short-term borrowings outstanding and a letter of credit of $350,000 with the FHLB at December 31, 2018.