Note 6 - Premises and Equipment (Tables)

12 Months Ended

Dec. 31, 2020

Property Plant And Equipment [Abstract]

Premises and Equipment

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

December 31,	2020			2019
Land and buildings	$	12,407		$	12,260
Furniture and equipment		16,052			15,699
Leasehold improvements		4,277			4,252
Right-of-use asset		4,258			3,821
Book value		36,994			36,032
Accumulated depreciation and amortization		(21,590	)		(20,424	)
Net book value	$	15,404		$	15,608

Summary of Quantitative Attributes of Operating Leases

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

Year ended December 31,	2020			2019
Lease cost
Operating lease cost	$	672		$	617
Total lease cost		672			617
Other information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cashflows from operating leases	$	654		$	583
Right-of-use assets obtained in exchange for new operating lease liabilities	$	1,086		$	2,407
Weighted average remaining lease terms:
Operating leases	14.1 years			15.6 years
Weighted average discount rates:
Operating leases		2.96	%		3.11	%