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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Assets    
Due from banks, non-interest-bearing $ 1,214 $ 205
Due from banks, interest-bearing 41,449 33,708
Cash and cash equivalents 42,663 33,913
Investment in interest-earning time deposits 7,964 9,463
Investment securities available for sale 6,390 10,725
Loans held for sale 73,742 53,191
Loans receivable, net of allowance for loan losses (2021 $3,315; 2020 $3,061) 409,881 359,122
Accrued interest receivable 3,577 3,054
Investment in Federal Home Loan Bank stock, at cost 1,265 1,665
Bank-owned life insurance 4,073 4,054
Premises and equipment, net 2,414 2,341
Goodwill 3,107 515
Other intangible, net of accumulated amortization 259 271
Other real estate owned, net 316 286
Prepaid expenses and other assets 5,339 5,475
Total Assets 560,990 484,075
Liabilities    
Non-interest bearing 94,985 54,202
Interest-bearing 344,732 300,643
Total deposits 439,717 354,845
Federal Home Loan Bank short-term borrowings 10,000
Federal Home Loan Bank long-term borrowings 28,193 28,193
Federal Reserve Bank long-term borrowings 43,526 48,134
Subordinated debt 7,907 7,899
Other borrowings 3,057
Accrued interest payable 569 362
Advances from borrowers for taxes and insurance 1,780 2,486
Accrued expenses and other liabilities 4,384 3,428
Total Liabilities 529,133 455,347
Stockholders’ Equity    
Preferred stock – $0.01 par value, 1,000,000 shares authorized; none issued or outstanding 0 0
Common stock – $0.01 par value; 9,000,000 shares authorized; 2,777,250 issued; 1,989,483 and 1,986,528 outstanding at March 31, 2021 and December 31, 2020, respectively 28 28
Additional paid-in capital 15,382 15,282
Treasury stock, at cost: 787,767 and 790,722 shares at March 31, 2021 and December 31, 2020, respectively (5,099) (5,114)
Unallocated common stock held by Employee Stock Ownership Plan (ESOP) (33) (51)
Accumulated other comprehensive income 60 118
Retained earnings 19,316 18,465
Total Quaint Oak Bancorp, Inc. Stockholders' Equity 29,654 28,728
Noncontrolling Interest 2,203
Total Stockholders' Equity 31,857 28,728
Total Liabilities and Stockholders’ Equity $ 560,990 $ 484,075