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Note 14 - Related Party Transactions

12 Months Ended

Dec. 31, 2019

Note 14 - Related Party Transactions

QNB has had, and may be expected to have in the future, banking transactions in the ordinary course of business with its executive officers, directors, principal shareholders, their immediate families and affiliated companies. The following table presents activity and amounts due from directors, principal officers, and their related interests. All of these transactions were made in the ordinary course of business on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with other persons. These transactions did not involve more than normal risk of collectability or present any other unfavorable features.

Balance, December 31, 2018	$	12,891
New loans		14,274
Repayments		(13,326	)
Balance, December 31, 2019	$	13,839

The following table provides additional information regarding transactions with related parties.

December 31,	2019		2018
Commitments to extend credit	$	6,338	$	6,867
Letters of credit		1,696		1,296
Deposits received		8,779		7,181