Note 1 - Basis of Presentation	6 Months Ended
Jun. 30, 2021
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Presentation	1. BASIS OF PRESENTATION The accompanying unaudited consolidated financial statements include the accounts of QNB Corp. and its wholly-owned subsidiary, QNB Bank (the “Bank”). The consolidated entity is referred to herein as “QNB” or the “Company”. All significant intercompany accounts and transactions are eliminated in the consolidated financial statements. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in QNB's 2020 Annual Report incorporated in the Form 10-K. Operating results for the six-month period ended June 30, 2021 are not necessarily indicative of the results that may be expected for the year ending December 31, 2021. The unaudited consolidated financial statements reflect all adjustments which, in the opinion of management, are necessary for a fair presentation of the results of operations for the period and are of a normal and recurring nature. Tabular information, other than share and per share data, is presented in thousands of dollars. In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities at the dates of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from such estimates. QNB has evaluated events and transactions occurring subsequent to the balance sheet date of June 30, 2021 for items that should potentially be recognized or disclosed in these consolidated financial statements. Recent COVID-19 Developments Currently all QNB office lobbies are opened with their normal operating hours and banking by appointment service remains available. Drive-ups are also operating under normal hours. QNB continues to follow any state mandates. Employees with remote access are encouraged to work from home. QNB has not incurred any significant disruptions to its business continuity. Under the Economic Aid Act, the SBA and Department of the Treasury reopened the Paycheck Protection Program (“PPP”) to certain borrowers on January 11, 2021 and released the applications for first- and second-draw loans. QNB originated 315 new PPP loans for a total of $35,021,000 during the six months ended June 30, 2021. Second-draw customers made up 244 of these loans, or $32,240,000 and first-draw customers made up the remaining 71 loans, or $2,781,000. Additionally, 526 PPP loans, or $62,085,000, were forgiven during the six months ended June 30, 2021. QNB closed a total of 975 PPP loans totaling $117,496,000 of which 449 loans, totaling $54,627,000, were outstanding at June 30, 2021. QNB received origination fees from the SBA ranging from a flat fee of $2,500 per loan to one to five basis points of the loan origination balance which are recognized in interest income as a yield adjustment over the term of the loan. Funds were primarily being transferred into the borrowers’ deposit accounts, and disbursement on these PPP loan proceeds are being funded by cash held at the Federal Reserve and proceeds from calls and payments of investment securities. QNB had ample resources to cover disbursements through deposit growth and short-term Federal Home Loan Bank (“FHLB”) advances; therefore, participation in the Federal Reserve’s Paycheck Protection Program Liquidity Facility (“PPPLF”) was not necessary. On March 30, 2021, the president signed into law the PPP Extension Act of 2021 (the “Act”), which extended the PPP application deadline from March 31, 2021 to May 31, 2021. The PPP authorization was also extended through June 30, 2021 to provide the Small Business Administration additional time to process applications received by the application deadline. Upon requests from customers, QNB has provided payment relief to those affected by the COVID-19 Pandemic. QNB has: offered an interest only payment option, granted in 90 day increments; has provided payment deferment for mortgage and consumer loans with no late fee during the deferment period; has granted foreclosure and motor vehicle repossession reprieve; and will not adversely impact credit reporting for customers who were granted relief on mortgage or consumer loans. None of these modifications are considered troubled-debt restructurings as the customers were not experiencing financial difficulty prior to the COVID-19 Pandemic. Interest continues to be accrued on all COVID-19 modifications during the deferment period. QNB modified a total 276 commercial loans, or $187,936,000, and 49 retail loans, or $9,108,000, during 2020 and 2021 due to COVID-19. As of June 30, 2021, QNB had no remaining modifications on the commercial portfolio. As of June 30, 2021, QNB had modifications to two retail portfolio loans with an aggregate outstanding balance of $232,000; both loans had extended the initial deferment period. We will continue work with our borrowers during this difficult time. The full impact of the COVID-19 Pandemic is unknown and rapidly evolving. Uncertainties exist related to the duration of the COVID-19 Pandemic and its potential effects on QNB’s customers and prospects, including impacts on national and local economies, unemployment, maintaining a competent workforce, and disruptions in the supply chain. There are no assurances as to how the COVID-19 Pandemic might affect QNB’s loan, investment and deposit portfolios.

Note 1 - Basis of Presentation

6 Months Ended

Jun. 30, 2021

Organization Consolidation And Presentation Of Financial Statements [Abstract]

1. BASIS OF PRESENTATION

The accompanying unaudited consolidated financial statements include the accounts of QNB Corp. and its wholly-owned subsidiary, QNB Bank (the “Bank”). The consolidated entity is referred to herein as “QNB” or the “Company”. All significant intercompany accounts and transactions are eliminated in the consolidated financial statements.

These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in QNB's 2020 Annual Report incorporated in the Form 10-K. Operating results for the six-month period ended June 30, 2021 are not necessarily indicative of the results that may be expected for the year ending December 31, 2021.

The unaudited consolidated financial statements reflect all adjustments which, in the opinion of management, are necessary for a fair presentation of the results of operations for the period and are of a normal and recurring nature.

Tabular information, other than share and per share data, is presented in thousands of dollars.

In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities at the dates of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from such estimates.

QNB has evaluated events and transactions occurring subsequent to the balance sheet date of June 30, 2021 for items that should potentially be recognized or disclosed in these consolidated financial statements.

Recent COVID-19 Developments

Currently all QNB office lobbies are opened with their normal operating hours and banking by appointment service remains available. Drive-ups are also operating under normal hours. QNB continues to follow any state mandates. Employees with remote access are encouraged to work from home. QNB has not incurred any significant disruptions to its business continuity.

Under the Economic Aid Act, the SBA and Department of the Treasury reopened the Paycheck Protection Program (“PPP”) to certain borrowers on January 11, 2021 and released the applications for first- and second-draw loans. QNB originated 315 new PPP loans for a total of $35,021,000 during the six months ended June 30, 2021. Second-draw customers made up 244 of these loans, or $32,240,000 and first-draw customers made up the remaining 71 loans, or $2,781,000. Additionally, 526 PPP loans, or $62,085,000, were forgiven during the six months ended June 30, 2021. QNB closed a total of 975 PPP loans totaling $117,496,000 of which 449 loans, totaling $54,627,000, were outstanding at June 30, 2021. QNB received origination fees from the SBA ranging from a flat fee of $2,500 per loan to one to five basis points of the loan origination balance which are recognized in interest income as a yield adjustment over the term of the loan. Funds were primarily being transferred into the borrowers’ deposit accounts, and disbursement on these PPP loan proceeds are being funded by cash held at the Federal Reserve and proceeds from calls and payments of investment securities. QNB had ample resources to cover disbursements through deposit growth and short-term Federal Home Loan Bank (“FHLB”) advances; therefore, participation in the Federal Reserve’s Paycheck Protection Program Liquidity Facility (“PPPLF”) was not necessary.

On March 30, 2021, the president signed into law the PPP Extension Act of 2021 (the “Act”), which extended the PPP application deadline from March 31, 2021 to May 31, 2021. The PPP authorization was also extended through June 30, 2021 to provide the Small Business Administration additional time to process applications received by the application deadline.

Upon requests from customers, QNB has provided payment relief to those affected by the COVID-19 Pandemic. QNB has: offered an interest only payment option, granted in 90 day increments; has provided payment deferment for mortgage and consumer loans with no late fee during the deferment period; has granted foreclosure and motor vehicle repossession reprieve; and will not adversely impact credit reporting for customers who were granted relief on mortgage or consumer loans. None of these modifications are considered troubled-debt restructurings as the customers were not experiencing financial difficulty prior to the COVID-19 Pandemic. Interest continues to be accrued on all COVID-19 modifications during the deferment period. QNB modified a total 276 commercial loans, or $187,936,000, and 49 retail loans, or $9,108,000, during 2020 and 2021 due to COVID-19. As of June 30, 2021, QNB had no remaining modifications on the commercial portfolio. As of June 30, 2021, QNB had modifications to two retail portfolio loans with an aggregate outstanding balance of $232,000; both loans had extended the initial deferment period. We will continue work with our borrowers during this difficult time.

The full impact of the COVID-19 Pandemic is unknown and rapidly evolving. Uncertainties exist related to the duration of the COVID-19 Pandemic and its potential effects on QNB’s customers and prospects, including impacts on national and local economies, unemployment, maintaining a competent workforce, and disruptions in the supply chain. There are no assurances as to how the COVID-19 Pandemic might affect QNB’s loan, investment and deposit portfolios.